Friday, September 19, 2014

An Accident Waiting to Happen: The $1 Trillion Leveraged Loan Market | Fed's Fisher Admits "Fed Has Levitated Markets", Warns Of "Signs Of Excess"

links pretty bird with babies under wings

image loony cat
A new article in Bloomberg gives a well-researched overview of a mess-in-the-making that regulators are choosing to ignore: the leveraged loan market. For newbies, “leveraged loans” means “risky loans to big companies”. For the most part, they fund private equity buyouts and restructurings. The juicy fees on these financings, 1% to 5% of the amount raised, versus an average of 1.3% for junk bonds, is a big reason why none of the incumbents is particularly eager to change a market that is working just fine for them in its current, creaky form.  NakedCapitalism

*FISHER SAYS FED HAS 'LEVITATED' MARKETS, SEES SIGNS OF EXCESS IN FINANCIAL MARKETS



Tyler Durden's picture

FOMC voting-member Richard Fisher is among the sanest voices in the Eccles Building asylum and he is once again sounding alarms that all is not well in US financial markets*


Economists: Lawyers? Shysters? Touts?

http://www.nakedcapitalism.com/wp-content/uploads/2014/09/image.pngAngry Bear Relevant and even prescient commentary on news, politics and the economy. US/Global Economics Taxes/regulation Healthcare Law Politics Hot Topics « Dan Crawford

US/Global Economics

Paul Krugman has taken aim at the profession here and here. It is not just being wrong sometimes… 

by Sandwichman at Econospeak writes:

Economists: Lawyers? Shysters? Touts?

“Basically, a lot of economists use the tools of science to accomplish literary– or lawyerly — goals.” — 

Noah Smith, Economics Isn’t Science or Literature If that’s the case, what’s “the law“?

What are the standards of evidence?

I’ve been thinking a lot recently about the extensive reliance on “hearsay” in economics — that is to say the flippant attitude of economists toward sources — and about the preponderance of alibi stories (again with scant regard for proving the alibi).

Unlike the legal profession, there is no formal professional code of ethics for economists. So, where do we draw the line between “lawyer” and “shyster”?

“…’shyster’ lawyers — a set of turkey-buzzards whose touch is pollution and whose breath is pestilence” 

— “The Tombs,” New York in Slices (1849) “In England, although we have not the term ‘shyster,’ we have the animal thereby designated, and he is said to be particularly rife at the Old Bailey. A shyster is a tout, and touting may be practised either by a barrister, or by his clerk, or by his post or future clients… 

But in New York the shyster ventures upon proceedings from which the English tout would shrink. He makes his way into the prisons, and informs the prisoners committed for trial that he has great influence, and in some cases ‘he goes so far as to say that he controls, aye, even owns the court and district attorney.’” 

— The Saturday Review of Politics, Literature, Science and Art (1871) “The complaint one makes against that anti-social jargon, which so easily passes for economic science, is that it is in ludicrous opposition to the common observation of facts.

Political economy professes to be a science based on observation. But the bitter pedantry which often usurps that name usually assumes its facts, after it has rounded off dogmas to suit its clients.

In practice this magazine of untruth escapes detection for two reasons. One is that the facts relating to labour are invariably seen through the spectacles of capital…. 

The second reason which obscures the truth about industry is, that the facts about capital are almost never honestly disclosed.” — Frederic Harrison, Fortnightly Review (1872)

Update: (Lest we forget): “In addition to business and government, Mr. Ferguson aims his critique at academia, suggesting that the discipline of economics and more than a few prominent economists were corrupted by consulting fees, seats on boards of directors and membership in the masters of the universe club.

“When he challenges some of these professors, in particular those who held positions of responsibility in the White House or in the Federal Reserve,

they are reduced to stammering obfuscation — 

Markets are complicated!

Who could have predicted?

I don’t see any conflict of interest — and occasionally provoked to testiness.” — A. O. Scott, New York Times review of “Inside Job” (2010).

http://angrybearblog.com/2014/09/economists-lawyers-shysters-touts.html?utm_source=rss&utm_medium=rss&utm_campaign=economists-lawyers-shysters-touts

"anti-Americanism"


Thirteen years after the September 11 attacks, blindness persists

Thierry Meyssan was the first to demonstrate the impossibility of the official version of the September 11 attacks and conclude that a profound change in the nature and politics of the US regime had taken place. While most of his readers continued to get excited about this day, he went his way and has committed against imperialism in Lebanon, Libya and now Syria. He looks back on this crazy day.

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Thierry Meyssan
The events of Sept. 11 remain etched in the collective memory in a form planned by the media: huge attacks against New York and Washington. But the power play that changed the world that day is still hidden.

Around 10 am, while the attacks against the World Trade Center and the Pentagon had already taken place, the anti-terrorism adviser to the White House, Richard Clarke, activated the program for "continuity of government." This program aims to replace the Executive and the Legislature in the event of destruction in a nuclear war. There was no reason for it to be implemented that day. From that moment, President George W. Bush was dismissed in favor of a military government.

Throughout the day, members of Congress and their teams were taken in hand by the military authority and placed under arrest in two secure bunkers located near Washington, Greenbrier complex (West Virginia) and Mount Weather (Virginia).

Power was returned by the military to civilians at the end of the day, and President Bush was able to address his fellow citizens on television around 8 pm.

On that day, former President George W. Bush wandered the country. On two military bases where he went, he demanded to cross the tarmac in an armored vehicle, afraid of being killed by one of his soldiers.

President Vladimir Putin, who tried all day to contact him by phone to avoid misunderstanding and accusation against Russia, did not succeed in reaching him.

Around 4 pm, Israeli Prime Minister Ariel Sharon intervened on television to tell the United States that Israelis had long known the horrors of terrorism and shared their pain. Incidentally, he announced that the attacks were over, which he could only have known if he had been mixed up in them.

We can argue endlessly about the inconsistencies in the official version of the attacks, but there is no room for discussion on this fact: the Continuity of Government program was activated unnecessarily. In any country, the removal of the President and the arrest of parliamentarians by the army has a name: it is a military coup.

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It will be objected that President Bush regained office in the late afternoon. This is precisely what was advised by the neoconservative US-Israeli, Edward Luttwak in his Coup d’État. A Practical Handbook. According to him, a good coup is one of which nobody is conscious because it keeps in power the same individuals, but imposes a new policy.

On this day, the principle of the permanent state of emergency in the United States was validated. It was soon translated into action by the USA Patriot Act. And the principle of imperialist wars was also validated. It was officially enacted by President Bush a few days later at Camp David : the United States were to attack Afghanistan, Iraq, Libya and Syria via Lebanon, Sudan and Somalia, and finally Iran.

To date, only half of the program has been completed. President Obama announced last night that he would continue in Syria.

Most of the allies of the United States refused to acknowledge the evidence 13 years ago, and thus denied themselves the ability to foresee Washington politics. If one can only judge the truth over time, these 13 years have been conclusive: everything I announced - and that my opponents regarded as "anti-Americanism" has taken place. And, for example, they were left stunned when NATO relied on Al Qaeda to overthrow the Libyan Arab Jamahariya.

I am proud to have alerted the world to the coup and the wars that were to follow, but sorry to see that Western public opinion has been lost in a discussion of the physical impossibility of the official version. I observe, however, that some events of this day are still hidden, as the fire that destroyed the offices of the Eisenhower Building, the Annex to the White House, or again the missile recorded by New York television shot in front of the World Trade Center (see video below).

The war continues to destroy the Muslim world, while Westerners, decidedly blind, continue their discussion on the collapse of the towers.

>>Voltaire Network<< Damascus (Syria)

Federal Reserve | Puppet Gate

Puppet gate 


Ex-US Officials Demanded a 30 Billion Dollar Bribe

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“Former Tenn. Gov. Don Sundquist and S. Dakota Sen. Sheldon Songstad may face not just the largest bribery charge in history but conspiracy to murder as well.
Lee Wanta, tough as nails, and still kicking
Lee Wanta, tough as nails, and still kicking

[ Editor's note:  You just can't make this stuff up. Two crooked aging politicians, who appear to be uber bagmen for Capitol Hill, don't disconnect a voice mail message left for their shake down victim, and then the caller rings up his co-conspirator to discuss their next move, including killing their target if they don't get paid.

But there is just one problem. The whole six-minute conversation goes into Lee Wanta's voice mail, which the jury is going to enjoy immensely. Lee calls his rather extensive security team to ask what to do, and here we are... doing it.

This murder conspiracy case might also break the media blackout on the Wanta case, which has gone on since 2006, after the Treasury Dept. snatched his $4.5-million wire transfer from China into the Federal Reserve Bank of Richmond, only to be tranferred to Goldman Sachs the next day; and off to Europe it went as part of the $16 trillion of liquidity pumped into the banking system there during the meltdown.

I wish I could say this was an unusual case, but really, only the amounts involved are. These two yo-yos... there is army of ex-office holders who would be doing exactly what these two thought was going to be their final wet dream.

If we were really to round up all of them doing this kind of stuff, there would be so many special elections going on that they would run out of press people to cover them.

And no, I am not exaggerating... Jim W. Dean ]
 __________________________________

First published  …  September 18,  2014 on NEO  -


Political corruption in America is an epidemic. They think it is their right.
Political corruption in America is an epidemic. They think it is their right.
A day after former Republican Virginia governor, Bob McDonnell and his wife were convicted of 20 counts of bribery and influence peddling, former Republican Tennessee governor Don Sundquist and South Dakota Senator Sheldon Songstad may face, not just the largest bribery charge in world history but indictment for conspiracy to murder as well.

What is amazing about this case is the amount of money involved, totaling $9.5 trillion US dollars, in fact the entire GNP of the United States for several years.

Sundquist and Songstad, wanted $30 billion out of the proceeds to pay themselves along with Congress, the US Treasury Department, five Supreme Court justices and two former US presidents.

Best of all, the whole thing is on tape, a “shakedown” attempt against Ambassador Lee Wanta, former White House intelligence chief under President Ronald Reagan and editor at Veterans Today.

Sundquist and Songstad left, on a recording at Wanta’s embassy, full details, not only of their ability to virtually buy the entire US government and deliver a multi-trillion dollar settlement authorized to Wanta by the US Supreme Court, but were recorded making arrangements for the murder of Wanta as well.
As American humorist, Jim W. Dean so often says, “You just can’t make things like this up.” The recording was forwarded to the US Department of Justice yesterday, and a copy presented to President Obama.

… by  Gordon Duff,  VT Sr. Editor,    … with  New Eastern Outlook, Moscow

Ex-US  Officials Demanded a 30 Billion Dollar Bribe

END OF YEAR, 2014: The Real Reason Russia is Demonized and Sanctioned: the American Petrodollar

petrobras
What do Iraq, Libya, Syria, Iran and Russia have in common? They have all been a victim of American aggression in one form or another – either a military attack or economic sanctions. Washington uses ethical pretexts, such as “protecting civilians” or “promoting democracy”, to act belligerently towards these nations, but due to its hypocritical nature of supporting dictators throughout the world and its disregard for human rights, this excuse is a fabrication.

The real reason for singling out these countries is the petrodollar system, a scheme that enables America to stay afloat despite being more than $17 trillion in debt. The existence of petrodollars is one of the pillars of America’s economic might, because it creates a significant external demand for the American currency, allowing the U.S. to accumulate enormous debts without defaulting.

The beginning of the petrodollar

What makes the dollar unique is the fact that since the early 1970s it has been, with a few notable exceptions, the only currency used to buy and sell oil on the global market. This began when in 1973 the Richard Nixon administration began negotiations with the government of Saudi Arabia to establish what came to be referred to as the petrodollar recycling system. Under the arrangement, the Saudis would only sell their oil in U.S. dollars, and would invest the majority of their excess oil profits into U.S. banks and Capital markets. The IMF would then use this money to facilitate loans to oil importers who were having difficulties covering the increase in oil prices. The payments and interest on these loans would of course be denominated in U.S. dollars. 

This agreement was formalised in the “The U.S.-Saudi Arabian Joint Commission on Economic Cooperation” put together by Nixon’s Secretary of State Henry Kissinger in 1974. The system was expanded to include the rest of OPEC by 1975. This was a major economic success for the U.S. As long as the world needs oil, and as long as oil is only sold in U.S. dollars, there will be a demand for dollars, and that demand is what gives the dollar its value.

 

How victims of American invasion wanted to stop trading in dollars


This petrodollar system stood unchallenged until September of 2000 when former Iraqi Persistent Saddam Hussein announced his decision to switch Iraq’s oil sales off of the dollar to Euros. This was a direct attack on the dollar. To protect the supremacy of the dollar, the U.S. invaded Iraq in 2003. Once Iraqi oil fields were under U.S. control after the invasion, oil sales were immediately switched back to the dollar.

In February of 2009, former Libyan leader Muammar Gaddafi was named Chairman of the African Union. He immediately proposed the formation of a unified state with a single currency. It was the nature of that proposed currency that got him killed.

In March of 2009 the African Union released a document entitled “Towards a Single African Currency”. Pages 106 and 107 of that document specifically discuss the benefits and technicalities of running the African Central bank under a gold standard. On page 94 it explicitly states that the key to the success of the African Monetary Union would be the “eventual linking of a single African currency to the most monetary of all commodities – gold.” In 2011 the CIA moved into Libya and began backing militant groups in their campaign to topple Gaddafi and the U.S. and NATO pushed through and stretched a U.N. no-fly zone resolution to tip the balance with airstrikes. The presence of Al-Qaeda extremists among these rebel fighters was swept under the rug. 

In February of 2014, Russia became the new target for the U.S. Russia is the world’s second largest oil exporter, and not only have they been a thorn in Washington’s side diplomatically, but they also opened an energy bourse in 2008, with sales denominated in Russian currency (roubles) and gold. This project had been in the works since 2006. They have also been working with China to pull off of the dollar in all of their bilateral trade. Russia has also been in the process of organizing a Eurasian Economic Union which includes plans to adopt common currency unit, and which is scheduled to have its own independent energy market.

Leading up to the crisis in Ukraine had been presented with a choice: either join the E.U. under an association agreement or join the Eurasian Union. The E.U. insisted that this was an either or proposition. Ukraine couldn’t join both. Russia on the other hand, asserted that joining both posed no issue. President Yanukovich decided to go with Russia. In response the U.S. national security apparatus did what it does best: they toppled Yanukovich and installed a puppet government.

Having a puppet in place however hasn’t turned out to be enough to give Washington the upper hand in this crisis. They therfore decided to impose sanctions and demonize Russia in hope that Moscow would lose its international friends. However Russia is not Iraq or Libya. It is a dominant power an going up against was unlikely to work out in America’s favour. In fact it has already backfired. The sanctions have merely pushed Russia and China into closer cooperation and accelerated Russia’s de-dollarization agenda. And in spite of the rhetoric, this has not led to Russia being isolated.

 

End of petrodollar would bring an end to the U.S. hegemony


The petrodollar is the only life support machine left for the U.S. and this is precisely why Washington goes after any country that tries to destroy it. This is not deterring Russia and China from going ahead with their plans. Russian First Deputy Prime Minister Igor Shuvalov announced after talks in Beijing recently that Russia and China are currently discussing the creation of a system of inter-bank transactions, which would be an analogue to the international system of bank transfers – SWIFT. The Russian authorities intended to reduce the dependence of the financial market on SWIFT after the first wave of US sanctions, when international payment systems Visa and MasterCard refused to work with a number of Russian banks. According to Shuvalov, Russia also discussed the creation of an independent rating agency with China. Specific proposals are to be made by the end of 2014.

All this indicates that the Eurasian Economic Union will gradually abandon the dollar. As soon as Russia and China show that it is really possible to abandon the dollar, especially given the fact that the United States is pushing for this, other countries will follow their example. This could become the beginning of an end of the American global dominance.

By Alexander Clackson is the founder of Global Political Insight, a political media and research organisation. He has a Master’s degree in International Relations. Alexander works as a political consultant and frequently contributes to think-tanks and media outlets.

9/11: “Anatomy of a Great Deception” | David Hooper | "The Internets" are Bushie N' US still ~ what's to come?! False Flag$ Run-Run-Run!

911




This “docu-thriller” from father-turned-filmmaker, David Hooper takes us on a journey of awakening that begins with an innocent question. Soon, his life is turned upside down as he grapples with the life-changing conclusions of his findings. 

The film was made to wake up his friends and family. Now, it’s poised to wake everyone else.

Tuesday, September 16, 2014

David Rockefeller and the Global Cabal SWAN SONG

Fulford Report - September 17, 2013

September 16, 2013 

Ben Fulford - P2 Freemasons want Pope Francis to be new M1, the controller of money

The battle over the control of the right to print and distribute dollars, Euros and many other currencies is down to a few factions, according to multiple sources involved in the fight. In Italy, Pope Francis and his faction have won a major power struggle and as a result, the P2 Freemason lodge is now calling for the Pope to be named as M1, the person who decides how money is created and distributed, a senior P2 Freemason source says. However, there is also a strong faction in the US military and agencies who want to completely expunge the entire cabalistic structure.

Meanwhile, a source close to Queen Elizabeth says the committee of 300 that features so strongly in conspiracy literature has been disbanded and that the cabal control of finance is now run by 13 individuals.

The members include Queen Elizabeth, the Dalai Lama, the Sultan of Brunei, Baron Fritz Thysen, Jesuit Secretary General Adolfo Nicholas, David Rockefeller, George Bush Sr., and other still unidentified individuals, including some Chinese members. It is likely the King of Belgium and Queen Beatrix of the Netherlands recently resigned from this group.

The Dalai Lama has also been buying lots of real estate in Portugal recently, a possible indication this high-level-demon-pretending-to-be-a-holy-man expects he will soon no longer be welcome in Asia, MI5 sources speculate.

The Rothschild family operates one layer below the money creation committee and take a 2% cut of all dollars, Euros and many other currencies before the money is distributed via big banks like Goldman Sachs and Bank of America, the sources say. The Rothschilds are also behind the bombing and attacks on countries like Syria that do not accept their debt slavery, the committee sources say.

The battle to replace this committee with something new is now down to a few factions including the Pentagon, the Vatican, the BRICS coalition, the former “global warming” faction of the cabal and, still controlling their sock-puppet Obama, the “war on terror faction.” These groups claim “spiritual” or fiat (out of nothing) control over the process of creating money. There are also several groups claiming ownership of the world’s historical assets including the One People’s Public Trust (OPPT) group, the Neil Keenan Group and a coalition of Asian royal families.

The Pentagon and the US agencies seem to be winning for now. It has now been widely reported in cabal controlled media outlets that the NSA is monitoring the SWIFT, Visa and other international financial payment systems. What the cabal controlled media failed to report was that the NSA and their allies are also blocking cabal financial transactions. For example, one of the reasons the recent attempt to start World War 3 in Syria failed was because the trillions of dollars that were supposed to finance this campaign were frozen by Pentagon and agency white hats. That is the real reason why the NSA is being attacked so much in the Zionist press.


Nonetheless, the money remains frozen and yet we still have murderers like Barack Obama and John Kerry appearing on TV sets around the world telling lies, so clearly something is still not right. “Why aren’t they in jail?” so many aware people are asking. We are asking the same thing and the answer we got from several Pentagon contacts was that mass arrests were in the works. As we said many times before, believe it when you see it. As long as that cretin Obama is parading on TV as if he represented a legitimate government, it is not over.

On the more positive side, representatives of the above mentioned committee of 13, specifically the Queen and the Pope, have been negotiating with the White Dragon Society in the hope of both keeping some power and avoiding mass arrests of cabalists.

The P2, through senior boss Marco Di Mauro, started by offering $250 billion to “help clean up Fukushima.” This offer was an insult because first of all, Italy is bankrupt and is in no position to offer money. Secondly it is an insult because agents affiliated with the fascist P2 were responsible for that man-made disaster in the first place. When the P2 answered that this is what the Japanese government had asked for, the WDS pointed out the Japanese slave regime was not in a position to bargain either.

We know that the current Abe government was put in power by rigged vote counting machines produced by the company Musashi and that Musashi is a cabal front. It is owned by Fortress Asset Management, run by former Goldman Sachs employee and Council on Foreign Relations member Peter Briger. The CFR is headed by David Rockefeller. Briger got an 11,555% pay rise last year.

*LINK

In any case, when informed the WDS had the names and addresses of 500 self-described “scum,” in Italy, the P2 suddenly changed its tune and offered to work through Pope Francis instead. Pope Francis appears to be a genuine Christian and could a good person to oversee the process of truth and reconciliation that will be needed to end cabal rule. He also supports the WDS plan for a massive campaign to end poverty and stop environmental destruction.

The British Royal Family is also in support of such a campaign and a truth and reconciliation process.
The problem now appears to be the criminally insane murderers in Washington D.C., the Rockefeller and Bush factions of the cabal, the French branch of the Rothschild family and various other riff raff affiliated with them. They have set up a series of laboratories in central Asia for the purpose of spreading bio-weapons in the hope that their plan to kill 90% of the world’s population can still be carried out. They also still think that they have a holy mission to start a war between Islam and Christianity to pave the way for their one world religion and fascist world dictatorship. Satan has surrendered so it is never going to happen.

A meeting between WDS representatives and Asian secret society representatives last week revealed that they, though known for their patient tolerance, were growing impatient. For that reason, the cabal was reminded that the Asian secret society has the capability of carrying out 200 simultaneous assassinations and has a list.

Direct contact has been made through several routes including your man in Japan Mr. E, the British Royal Family, the P2 Lodge and an Asian secret society.

Time is running out Mr. Rockefeller and fellow cabalists. You can start by cashing Federal Reserve Board box 1558 and making the money available for fighting poverty and stopping environmental destruction. This box contains a Dillinger gun and poison gas as well as close to $1 trillion. You owe that money so you choose: the Dillinger or the cash.

http://goingglobaleastmeetswest.blogspot.com/2013/09/fulford-report-september-17-2013.html 

New Emergency Drills Simulate Nuclear Explosion In Nebraska – The Role of Drills in False Flag Operations

war head
Anthony Freda Art

Considering the large number of times that a false flag attack has occurred at or around the same time as a military drill or a civilian emergency preparation drill in the past, it is understandable that many researchers, activists, and otherwise well-informed observers become concerned whenever such drills are scheduled.

This very reason is perhaps why many are raising their eyebrows at a drill scheduled for today and Wednesday (September 16-17) in Nebraska which simulates a nuclear explosion near I-80 in the vicinity of Scottsbluff.

As reported by the local ABC News affiliate KOTA News, Regional West Medical Center is scheduled to participate in the drill in the capacity of training to decontaminate victims, ensure accurate reporting, and treating injuries.

The drill is part of a larger exercise involving 21 government agencies.

Emergency Preparedness Coordinator Dave Edwards stated that “Every time we do an exercise, it is to test our plans. Not necessarily how the staff reacts, but are our plans in place correct.”

Last year, the same hospital worked with staff to prepare for a live shooter scenario.

While it is important to stress that this writer is not predicting a false flag event during the time of this scheduled exercise, it is also important to stress the prevalence of such drills in false flag operations.

Without a doubt, the mainstream media and U.S. government has been attempting to reinforce the possibility that ISIS or other terrorists may engage in nuclear attacks here in the United States as a type of predictive programming.

Indeed, one hallmark of the false flag operation is the running of drills shortly before or during the actual attack. Many times, these drills will involve the actual sequence of events that takes place during the real life attack. These drills have been present on large-scale false flags such as 9/11 as well as smaller-scale attacks like the Aurora shooting.

For instance, as Webster Tarpley documents in his book9/11 Synthetic Terror: Made In USA, at least 46 drills were underway in the months leading up to 9/11 and on the morning of the attack. These 46 drills were all directly related to the events which took place on 9/11 in some way or other.[1] Likewise, the 7/7 bombings in London were running drills of exactly the same scenario that was occurring at exactly the same times and locations.

Although one reason may take precedence over the other depending on the nature and purpose of the operation, drills are used by false flag operators for at least two reasons. One such purpose is the creation of intentional confusion if the drill is taking place during the actual attack. The other, more effective aspect, however, is using the drill as a cloak to plan the attack or even “go live” when it comes time to launch the event. Even more so, it gives the individuals who are involved in the planning of the event an element of cover, especially with the military/intelligence agency’s tight chain of command structure and need-to-know basis. If a loyal military officer or intelligence agent stumbles upon the planning of the attack, that individual can always be told that what he has witnessed is nothing more than the planning of a training exercise. This deniability continues all the way through to the actual “going live” of the drill. After the completion of the false flag attack, Coincidence Theory is used to explain away the tragic results.[2]

Notes:
[1] Tarpley, Webster Griffin. 9/11 Synthetic Terror: Made In USA. 5th Edition. Progressive Press. 2011.
[2] Tarpley, Webster Griffin. 9/11 Synthetic Terror: Made In USA. 5th Edition. Progressive Press. 2011.

http://www.globalresearch.ca/new-emergency-drills-simulate-nuclear-explosion-in-nebraska-the-role-of-drills-in-false-flag-operations/5402273  Brandon Turbeville Global Research, September 16, 2014 Activist Post

Monday, September 15, 2014

Seeds of Destruction: The Diabolical World of Genetic Manipulation PREFACE | This is no ordinary book about the perils of GMO.


Seeds of Destruction: The Diabolical World of Genetic Manipulation

Click here to order the book now! 

Control the oil, and you control nations. Control the food, and you control the people.”* -Henry Kissenger

Seeds of Destruction: The Hidden Agenda of Genetic Manipulation” by F. William Engdahl is a skillfully researched book that focuses on how a small socio-political American elite seeks to establish control over the very basis of human survival: the provision of our daily bread.

This is no ordinary book about the perils of GMO.  Engdahl takes the reader inside the corridors of power, into the backrooms of the science labs, behind closed doors in the corporate boardrooms. The author cogently reveals a diabolical world of profit-driven political intrigue, government corruption and coercion, where genetic manipulation and the patenting of life forms are used to gain worldwide control over food production. If the book often reads as a crime story, that should come as no surprise. For that is what it is.

Engdahl’s carefully argued critique goes far beyond the familiar controversies surrounding the practice of genetic modification as a scientific technique. The book is an eye-opener, a must-read for all those committed to the causes of social justice and world peace.

What follows is the Preface to ”Seeds of Destruction: The Hidden Agenda of Genetic Manipulation” by F. William Engdahl (available through Global Research):

Introduction
“We have about 50% of the world’s wealth but only 6.3% of its population. This disparity is particularly great as between ourselves and the peoples of Asia. In this situation, we cannot fail to be the object of envy and resentment. Our real task in the coming period is to devise a pattern of relationships which will permit us to maintain this position of disparity without positive detriment to our national security. To do so,we will have to dispense with all sentimentality and day-dreaming; and our attention will have to be concentrated everywhere on our immediate national objectives.We need not deceive ourselves that we can afford today the luxury of altruism and world-benefaction.”

-George Kennan, US State Department senior planning official, 1948
This book is about a project undertaken by a small socio-political elite, centered, after the Second World War, not in London, but in Washington. It is the untold story of how this self-anointed elite set out, in Kennan’s words, to “maintain this position of disparity.” It is the story of how a tiny few dominated the resources and levers of power in the postwar world.

It’s above all a history of the evolution of power in the control of a select few, in which even science was put in the service of that minority. As Kennan recommended in his 1948 internal memorandum, they pursued their policy relentlessly, and without the “luxury of altruism and world-benefaction.”

Yet, unlike their predecessors within leading circles of the British Empire, this emerging American elite, who proclaimed proudly at war’s end the dawn of their American Century, were masterful in their use of the rhetoric of altruism and world-benefaction to advance their goals. Their American Century paraded as a softer empire, a “kinder, gentler” one in which, under the banner of colonial liberation, freedom, democracy and economic development, those elite circles built a network of power the likes of which the world had not seen since the time of Alexander the Great some three centuries before Christ—a global empire unified under the military control of a sole superpower, able to decide on a whim, the fate of entire nations.

This book is the sequel to a first volume, A Century ofWar: Anglo-American Oil Politics and the New World Order. It traces a second thin red line of power. This one is about the control over the very basis of human survival, our daily provision of bread. The man who served the interests of the postwar American-based elite during the 1970’s, and came to symbolize its raw realpolitik, was Secretary of State Henry Kissinger. Sometime in the mid-1970’s, Kissinger, a life-long practitioner of “Balance of Power” geopolitics and a man with more than a fair share of conspiracies under his belt, allegedly declared his blueprint for world domination: “Control the oil and you control nations. Control the food, and you control the people.”

The strategic goal to control global food security had its roots decades earlier, well before the outbreak of war in the late 1930’s. It was funded, often with little notice, by select private foundations, which had been created to preserve the wealth and power of a handful of American families.

Originally the families centered their wealth and power in New York and along the East Coast of the United States, from Boston to New York to Philadelphia and Washington D.C. For that reason, popular media accounts often referred to them, sometimes with derision but more often with praise, as the East Coast Establishment.

The center of gravity of American power shifted in the decades following the War. The East Coast Establishment was overshadowed by new centers of power which evolved from Seattle to Southern California on the Pacific Coast, as well as in Houston, Las Vegas, Atlanta and Miami, just as the tentacles of American power spread to Asia and Japan, and south, to the nations of Latin America.

In the several decades before and immediately following World War II, one family came to symbolize the hubris and arrogance of this emerging American Century more than any other. And the vast fortune of that family had been built on the blood of many wars, and on their control of a new “black gold,” oil.
What was unusual about this family was that early on in the building of their fortune, the patriarchs and advisors they cultivated to safeguard their wealth decided to expand their influence over many very different fields. They sought control not merely over oil, the emerging new energy source for world economic advance. They also expanded their influence over the education of youth, medicine and psychology, foreign policy of the United States, and, significant for our story, over the very science of life itself, biology, and its applications in the world of plants and agriculture.

For the most part, their work passed unnoticed by the larger population, especially in the United States. Few Americans were aware how their lives were being subtly, and sometimes not so subtly, influenced by one or another project financed by the immense wealth of this family.

In the course of researching for this book, a work nominally on the subject of genetically modified organisms or GMO, it soon became clear that the history of GMO was inseparable from the political history of this one very powerful family, the Rockefeller family, and the four brothers—David,Nelson, Laurance and John D. III—who, in the three decades following American victory in World War II, the dawn of the much-heralded American Century, shaped the evolution of power George Kennan referred to in 1948.

In actual fact, the story of GMO is that of the evolution of power in the hands of an elite, determined at all costs to bring the entire world under their sway.

Three decades ago, that power was based around the Rockefeller family. Today, three of the four brothers are long-since deceased, several under peculiar circumstances.However, as was their will, their project of global domination—“full spectrum dominance” as the Pentagon later called it—had spread, often through a rhetoric of “democracy,” and was aided from time to time by the raw military power of that empire when deemed necessary. Their project evolved to the point where one small power group, nominally headquartered in Washington in the early years of the new century, stood determined to control future and present life on this planet to a degree never before dreamed of.

The story of the genetic engineering and patenting of plants and other living organisms cannot be understood without looking at the history of the global spread of American power in the decades following World War II. George Kennan, Henry Luce, Averell Harriman and, above all, the four Rockefeller brothers, created the very concept of multinational “agribusiness”. They financed the “Green Revolution” in the agriculture sector of developing countries in order, among other things, to create new markets for petro-chemical fertilizers and petroleum products, as well as to expand dependency on energy products. Their actions are an inseparable part of the story of genetically modified crops today.

By the early years of the new century, it was clear that no more than four giant chemical multinational companies had emerged as global players in the game to control patents on the very basic food products that most people in the world depend on for their daily nutrition—corn, soybeans, rice, wheat, even vegetables and fruits and cotton—as well as new strains of disease-resistant poultry, genetically-modified to allegedly resist the deadly H5N1 Bird Flu virus, or even gene altered pigs and cattle. Three of the four private companies had decades-long ties to Pentagon chemical warfare research. The fourth, nominally Swiss, was in reality Anglodominated. As with oil, so was GMO agribusiness very much an Anglo-American global project.

In May 2003, before the dust from the relentless US bombing and destruction of Baghdad had cleared, the President of the United States chose to make GMO a strategic issue, a priority in his postwar US foreign policy. The stubborn resistance of the world’s second largest agricultural producer, the European Union, stood as a formidable barrier to the global success of the GMO Project. As long as Germany, France, Austria, Greece and other countries of the European Union steadfastly refused to permit GMO planting for health and scientific reasons, the rest of the world’s nations would remain skeptical and hesitant. By early 2006, the World Trade Organization (WTO) had forced open the door of the European Union to the mass proliferation of GMO. It appeared that global success was near at hand for the GMO Project.

In the wake of the US and British military occupation of Iraq, Washington proceeded to bring the agriculture of Iraq under the domain of patented genetically-engineered seeds, initially supplied through the generosity of the US State Department and Department of Agriculture.

The first mass experiment with GMO crops, however, took place back in the early 1990’s in a country whose elite had long since been corrupted by the Rockefeller family and associated New York banks: Argentina.
Seeds of DestructionThe following pages trace the spread and proliferation of GMO, often through political coercion, governmental pressure, fraud, lies, and even murder. 

If it reads often like a crime story, that should not be surprising. The crime being perpetrated in the name of agricultural efficiency, environmental friendliness and solving the world hunger problem, carries stakes which are vastly more important to this small elite. Their actions are not solely for money or for profit. After all, these powerful private families decide who controls the Federal Reserve, the Bank of England, the Bank of Japan and even the European Central Bank. Money is in their hands to destroy or create.

Their aim is rather, the ultimate control over future life on this planet, a supremacy earlier dictators and despots only ever dreamt of. Left unchecked, the present group behind the GMO Project is between one and two decades away from total dominance of the planet’s food capacities. This aspect of the GMO story needs telling. I therefore invite the reader to a careful reading and independent verification or reasoned refutation of what follows.

F. William Engdahl is a leading analyst of the New World Order, author of the best-selling book on oil and geopolitics, A Century of War: Anglo-American Politics and the New World Order,’ His writings have been translated into more than a dozen languages. 

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Seeds of Destruction: The Hidden Agenda of Genetic Manipulation by F. William Engdahl
ISBN Number: 978-0-937147-2-2  Year: 2007  Pages: 341 pages with complete index 
Global Research Price: US $17.00  (List price: US $24.95)  By F. William Engdahl