Neocon Wars on Terror an Abject Failure

This is what trillions of dollars, millions of lives and a decade of Neocon policy have bought us -

The most senior figure in the US military has warned that the number of threats facing his country and its allies have increased over the last decade and that the armed forces must be kept strong to fight back.

In his first speech since taking over as chairman of the joint chiefs of staff, General Martin Dempsey told an audience in London on Monday that meeting the new challenges in a time of austerity would require a transformation in military thinking.

He highlighted the cyber threat as one of the most pressing, and said more needed to be done to counter the dangers online.

"Our traditional alliances and partnerships around the world are the stable platform on which we will confront these challenges," he said. "Yet it cannot be lost on us that we now face known and unknown security challenges in the context of a new fiscal reality.

The Real Effect
Vox in the past has asked an excellent question - Exactly how does one project one's military power when one is bankrupt? Tactically speaking, why would you hold a position that you know you cannot defend?!? For example, Russia lost much of it's ability to wage war when it went belly up about 20 years back. The same holds true for the Old Roman Empire. What make us think we can dodge this bullet? In short, it is a fool's errand.

It does not matter how many Muslims there are or terrorists or angry protestors, at some point you have to say we are overextended. Sadly, The United States reached that position a decade ago. But rather then accept our losses and move on, we are about to learn the lesson of what happens what the horde comes knocking when you don't have enough military support.

We should close most, if not all overseas bases, eliminate four aircraft carriers, pull them back to defending out coastlines, secure our border and eliminate most of the CIA. But of course, that won't happen. Instead we will get a proposal to integrate into a Pan-American Union that will doom the US to the annals of history.

A Look Around the World

Fraud rules the day as everywhere the blinders are coming off at an astounding rate -

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.

The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.

To review, we go back to a time before the loan was even heard of, Sept of 2008 -

Sooo...

How much would it cost? Prof Kenneth Rogoff, former chief economist at the IMF, says the bill would run to at least $1 trillion. This would increase the US government debt from 48pc to 55pc of GDP (under IMF measures) - still lower than that of Germany, France, Italy or Japan. (Reminds me of the argument used for gas prices)

Oh, only a 48-55% increase in government debt, well at least we're not crazy like Japan. At least we're not selling our children into slavery with interest payments via the IRS.
Let's get a few things straight here:

• "They" are not "us". If the banks fail, then let them fail! It is the consequence of their consummate greed in over-leveraging these loans. This money used for the bailout is coming out of your pocketbook and going into theirs. When was the last time a bank or corporation was this nice and allowed you to set your debt aside at their expense?
• "You" will be left holding the bill. Your children and grandchildren will be held responsible for paying off this debt when it comes due.
• This will not fix the real problem. Do you really think giving someone a free ride when they are being greedy is going to change the behavior? There is no negative incentive for them not to participate in the behavior.
• The downside to this is way above one trillion - This figure is optimistic. If things get ugly, the taxpayers are holding tens, if not hundreds, of trillions of dollars in these "toxic" loans. Oops...

Could this be any more accurate? Now that the dust has settled, the national debt has increased by 50%, the economy is tanking again (it never stopped) and we find out that what they said was going to happen, did not in fact happen.(Try factoring in the cost of Fannie, Freddie, GM and other bailouts to get a very conservative idea of just how much this is costing you.) Of course all of this is with the implicit blessings of the Republicans AND the Democrats. And now will come the clarion cry that you, oh stupid taxpayer, are on the hook for all this. This leads us to our next story...

Under the ‘worldwide indefinite detention without charge or trial’ provision of S.1867, the National Defense Authorization Act bill, which is set to be up for a vote on the Senate floor this week, the legislation will “basically say in law for the first time that the homeland is part of the battlefield,” said Sen. Lindsey Graham (R-S.C.), who supports the bill.

The bill was drafted in secret by Senators Carl Levin (D-Mich.) and John McCain (R-Ariz.), before being passed in a closed-door committee meeting without any kind of hearing. The language appears in sections 1031 and 1032 of the NDAA bill.

My oh my, the Republicans including the last presidential candidate, want to go against Posse Comitatus and start using the military on U.S. citizens? Noooo....who would have seen that coming way back in Mar of 2010 during the recovery?

At some point, the counties will have no point but to virtually declare war on these areas as they first deploy their National Guard, oh wait they're in Iraq(n), appeal to the Pentagon for help containing the problem. But then again, there's that whole Posse Comitatus problem.

Eventually all laws that secure liberty will be viewed as the enemy as they "prevent' the police/military from "doing their job" and will be repealed. But first, urban warfare.

Of course, The Real Effect has been covering this exact scenario for its almost seven year existence.

"But, but..." you say, we're fighting the dirty, dirty arabs. Oh really says I, then please explain this -

The same Al-Qaeda terrorists who fought U.S. troops in Iraq and helped NATO overthrow Colonel Gaddafi are now being airlifted into Syria to aid rebels there in toppling President Bashar al-Assad.

Libya’s transitional ruling authority has agreed to send weapons and fighters over to Syria to help the Free Syrian Army fight government forces.

“There is something being planned to send weapons and even Libyan fighters to Syria,” a Libyan source told the London Telegraph, speaking on condition of anonymity. “There is a military intervention on the way. Within a few weeks you will see.”

In a separate piece, the Telegraph also reports that terrorist commander Abdulhakim Belhadj, now head of the Tripoli Military Council, “met with Free Syrian Army leaders in Istanbul and on the border with Turkey,” after being sent there by Mustafa Abdul Jalil, the interim Libyan president.

You got that? The terrorists are now our allies as we start going after Afghanistan, Iraq, Pakistan, Libya,  Syria. (And by proxy Russia, Iran and China) Of course, we've got that covered too.

Look for continued unrest with some governments getting overthrown. But as I indicated earlier, the globalists are literally banking on this to occur. We are still not there yet though. More riots need to take place, some shots, some new faces and then, we go to war.

Getting the picture yet? 

Red Alert: Liquidity Freezes Up, Behold the Slow-Motion Death of the Eurozone

Too bad this was all planned in advance -

This morning Germany had a failed Bund auction.  That's not particularly noteworthy; it happens from time to time.
But what's noteworthy is what happened to bond yields everywhere through Europe in response: They blew out.
The Greek and Italian "problem" is no longer about Greece and Italy.  It has been creeping into Spain and more-recently France, but this morning jumped into Germany and everywhere else "all at once."
Capital has said "no more" to the lies in Europe.  While this does not mean an instant implosion it does mean one important thing: The willingness of capital holders to continue to permit deficit spending is coming to an end, and with it the false "GDP" that this lie has "supported" will also come to an end.

The Real Effect
As predicted (Before the first crash)-

Notice how on the above picture that the bottom of the "Great Depression" didn't come until much later than the intial plunge? The market is reacting like an addict, convulsing with desire for more goods (I.E. - Fiat debt-based liquidity). This will only make the fall that much harder.

Just 'who owes this debt?' is at the center of this debate? The private banksters would like you to think that when profits are to be made, this is a capitalistic country, but when losses abound we all need to share the burden. This strikes to the heart of the private property issue. Anyone that believes that we should be bailing these institutions out does NOT believe in the rule of private property and as a natural extension of that, capitalism.

This is the large bulk of the OWS position and to a lesser extent the Tea Party position. What will be telling is if the people can raise among themselves principled individuals to see to it that the rule of law will be respected in this country. More then likely, corrupt individuals will see this as a chance to seize the ring of power and use it for their own ends. There are plenty of shady criminals waiting in the wings, biding their time and when the situation arises, they will speak in grand terms and talk of unification and love in order to usurp the power as their own.

Make no mistake, this IS going to blow out in the Americas and from there the call will go out to emulate the new EU model. We must resist this at all costs.

So where are we going?

All Americans would do well to consider the implications of these items in light of our current ongoing currency/economic collapse. Once the Union hooks are in, you can't get out and those politicians are going to make sure that they get their pound of flesh.

The EU will make it through this in one form or another (It might cease to be called the EU but it will still be the EU.) However, the globalists will see to it that America and vestige of independent thinking burns.

GRAPHIC: Video of brutal crackdown on Tahrir Sq protesters in Cairo

And yet we think supporting "freedom fighters" is a good idea...

Police cracking down on media at OWS?

US Banks Face 'Contagion' Risk From EU Banks - In Short, Nothing Has Changed

My oh my, whatever will the poor 'ole banks do?

U.S. banks face a “serious risk” that their creditworthiness will deteriorate if Europe’s debt crisis deepens and spreads beyond the five most-troubled nations, Fitch Ratings said.

“Unless the euro zone debt crisis is resolved in a timely and orderly manner, the broad credit outlook for the U.S. banking industry could worsen,” the New York-based rating company said yesterday in a statement. Even as U.S. banks have “manageable” exposure to stressed European markets, “further contagion poses a serious risk,” Fitch said, without explaining what it meant by contagion.

The “exposures” of U.S. lenders to major European banks and the stressed nations of Greece, Ireland, Italy, Portugal and Spain, known as the GIIPS, are smaller than those to some of the continent’s larger countries, Fitch said.

The six biggest U.S. banks -- JPMorgan Chase & Co. (JPM), Bank of America Corp. (BAC), Citigroup Inc. (C), Wells Fargo & Co. (WFC), Goldman Sachs Group Inc. and Morgan Stanley (MS) -- had $50 billion in risk tied to the GIIPS on Sept. 30, Fitch said. So-called cross-border outstandings to France for all except Wells Fargo were $188 billion, including $114 billion to French banks. Risk to Britain and its banks was $225 billion and $51 billion, respectively.

The Real Effect
A wise man once said -

This is not a recession, it is a depression. And a massive one at that. We are not at the bottom, we are on gaining momentum for the next plunge down. If you thought the last drop was bad, this one is going to strike fear into the hearts of men everywhere. The Dow will push through the last market low of 7,392.27, then 6000 and after that 3000. As capitol assets are ravished, what you will be seeing is the consumption of the golden goose in a proverbial feasting on the rotting carcass of the American consumer. If you disagree, ask yourself the following, what is holding US up?

We have proof of that final bold point here -

...banks feel compelled to level the kind of fees that alienate many consumers. "If you don't make a sufficient amount of money and don't have a good enough cash flow to maintain minimum balance, you might get hit with minimum balance fees or monthly fees," said Streit. "If you make $8 or $9 an hour, and you get with $70 in fees per month, that's painful."

$70 a month on a $500 deposit!?! That would be close to 100% annualized! (In easy speak, after a year of keeping your $500 at the banks, it would be GONE!) It really must be terrible for these banks to have to make a few data entries and then loan out that deposit at up to 300:1!!!

Nothing has changed. Nothing. Derivatives are still being sold in massive quantities, in part because the banks realize that you, the U.S. Taxpayer are the implicit backstop to their positions. Talk about moral hazard!

IMF Riots, OWS, Terrorism, Homeland Security and the American Union

Perception is often times not reality -

Wonkette reports that Homeland Security likely organized the crack downs:

Remember when people were freaking out over the Patriot Act and Homeland Security and all this other conveniently ready-to-go post-9/11 police state stuff, because it would obviously be just a matter of time before the whole apparatus was turned against non-Muslim Americans when they started getting complain-y about the social injustice and economic injustice and income inequality and endless recession and permanent unemployment? That day is now, and has been for some time. But it’s also now confirmed that it’s now, as some Justice Department official screwed up and admitted that the Department of Homeland Security coordinated the riot-cop raids on a dozen major #Occupy Wall Street demonstration camps nationwide yesterday and today. (Oh, and tonight, too: Seattle is being busted up by the riot cops right now, so be careful out there.)

The Real Effect
Let's make this real simple -

• Fund terrorists freedom fighters via an alphabet soup agency (In our "national interest)-> 
• Freedom fighters "destabilize region" ->
• Either 
• invade or 
• recognize new "duly elected government" ->
• Declare freedom fighters "terrorists" ->
• (If you haven't done so yet, invade) ->
• Terrorists fight back commit "terrorist attacks" or an alphabet soup agency "helps them" (A repeat of step 1) ->

Now all of this creates "blowback", a term that loosely describes how an individual or entity gets pretty hacked off when you mess with their stuff or people. Kind of like revenge or justice in some situations. So with this in mind, let's pick up our scenario again.

• Blowback is generated in which the "terrorists" seek revenge by carrying out some sort of act ->
• This act is framed as an act of war and a violation of the "safety" that the politicians "promised us" ->
• Departments and agencies are created to get around protective rights ->
• These entities enact "policy" (not law) that oppress the "terrorists" ->
• This creates more blowback (Back to step 1)

In our situation in America, we have bank(sters) that have created a policy of theft. The target of their theft, the American people, is wisening up and marching under the protection of the 1st Amendment to demand justice. The banksters, through a sophisticated command and control system, dictate the response to the protesters terrorists by demonizing and then removing the threat to the system. Note, this is being done with support from many citizens because they have bought into the lie that the protesters are terrorists.

This is why the Department of Homeland Security was created. This is why there is a "War on Terror". This is why you see cameras going in everywhere.

The banksters are not fools. They know that you aren't going to stand by as the Vampiric Squid sucks you dry. (Case in point, Iceland) At this point they are trying to direct your rage against each other and a foreign enemy.

Look for continued unrest with some governments getting overthrown. But as I indicated earlier, the globalists are literally banking on this to occur. We are still not there yet though. More riots need to take place, some shots, some new faces and then, we go to war.

Debt Diets & Riots: Euro Lose/Lose?

The Republican Presidency In a Nutshell

"We love Romney! Just check out that coif!"
Uh, he created the precursor to Obamacare in Massachusetts.

"Well, we love Trump! That man is on top of things. And the birth certificate."
He's virtually liberal. And when they unveiled the purported "birth certificate", it was obviously tampered with. Where is he now?

"We love Mitch Daniels!"
His state is basically ending the Fourth Amendment. Where is he on that issue?

"We love Newt Gingrich!"
Are you guys for real? He's a globalist!

"We love Herman Cain!!! He's so conservative and Constitutional."
The guy was a Federal Reserve Chair! You know, the one's that got us into this mess!?! Plus he doesn't even support the Second Amendment!!!

"We love Rick Pe..."
For the love of Pete, SHUT UP!!!

Update: Five months later and the same old record just keeps on spinning...

"We love Herman Cain!!! He's the man with the 999 plan!"
 You again!?! Have you seen the guy talk about Libya? He's brain dead. (And you want to talk about Ron Paul's allegedly "atrocious" foreign policy.)

"Ok, we like Romney again! He's not as bad as Obama."
And Obama is not as bad as Satan. Please just stop while you're ahead!

"Here come's Gingrich! We know he's a globalist. But he tickles our ears so and we can control him."
Sure you can.
 
"We like NotRonPaul.... He's such a conservative candidate. Besides, Paul can't win."
He can't?!? Aieeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee......

More Can Kicking, Obfuscation and Pyramiding In the Budgets Around the Country

Who says that taxes go for roads?

When the recession squeezed Miami's budget in recent years, officials reached into funds raised for road repairs and other projects to plug the shortfall.

Now, the city is paying a price. The moves triggered lawsuits and a federal investigation, in a brouhaha that holds ramifications for how municipalities nationwide maneuver around unprecedented money problems.

Cities and states across the country are using money designated for specific purposes—such as fixing roads or sewers—in order to fill financial holes elsewhere, according to public officials and records. The moves are exposing municipalities to controversy, as federal regulators and local auditors are more heavily scrutinizing their finances to protect bond buyers and taxpayers.

In Miami, the Securities and Exchange Commission is wrapping up an investigation into whether the city used funds intended for roads and other purposes to fill budget gaps elsewhere, according to people close to the probe. Bondholders are suing, saying the moves obscured the city's true finances. The city's former budget director is also suing, claiming he was fired for cooperating with the SEC and the Federal Bureau of Investigation.

The Real Effect
Readers from the beginning remember the shenanigans that the local school districts were pulling in an attempt to rape tax the taxpayers out of their hard earned cash. Items that needed to be budgeted were not and put to the taxpayers as some sort of "special need". Roof replacement and other usual items became the rallying point to increase the budget, not cut uneeded programs or pull back on teacher salaries and benefits. And just what was "needed"? Why everything of course. TVs, computer labs, Wi-Fi, you name it, it's ne-ce-ss-ary for the edumutation of the children!

Naturally, all of this funding had to come from someone's pocket, namely the local taxpayer and contrary to government positions, it was not a bottomless pit. So in time, a level of resistance was hit. At that point the unions engaged in demonization tactics to paint the people who paid for all of this and most importantly, their CUSTOMER as brutal heartless scum who wanted nothing more then poor people to work in their dust factories. This allowed the scam to continue for a few more years.

Well, we have reached the tipping point where so much has been consumed that there is literally NO MORE "extra" to fund, honestly, anything. So for the last 10 years government budgets have been "gimmicked" into obscurity with funds being raided, bonds being sold and rules being created that allow the game to continue. But perhaps the most crucial part of this is that the taxpayers are left holding the bag. There is a term for this....

FRAUD.

All around the world, individuals, counties, nations and now extra-national entities known as "unions" have allowed these game players to up their salaries, up their budgets and raid funds that would have otherwise been protected from their shenanigans. If you or I were financial advisers and pulled this junk, we would be in the slammer doing 20-30 years for grand theft. As we should be.

U.S. Already at War With Iran, Has Been for Decades

Many of these situations are not actual peace, just less overt acts of war that the populace rarely learns about -

“Iran has irrefutable evidence that exposes the official involvement of the United States government in anti-Iran planning and the dispatching of elements to conduct acts of sabotage and terror in Iran and other regional countries,” secretary of Iran’s Supreme National Security Council Saeed Jalili said last week, promising to send evidence of “US state-sponsored terrorism” to the United Nations

“We possess one hundred pieces of irrefutable evidence that reveal the US role in directing terrorists for conducting acts of terror in Iran and the region,” Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei added.

The evidence continues...

As former CIA veteran Robert Baer explained in the documentary Vanguard: America’s Secret War With Iran, the U.S. has been at war with Iran through its terrorist proxies for years, notably the Kurdish militant nationalist group PJAK, which has been blamed for numerous attacks in Iran.

As the London Telegraph, ABC News and numerous other mainstream outlets reported back in 2007, the U.S. is also using the Al-Qaeda affiliated Sunni terrorist group Jundullah to carry out suicide bombings and other destabilization attacks in Iran, a policy crafted by the Bush administration which has been continued under Obama.

“President George W Bush has given the CIA approval to launch covert “black” operations to achieve regime change in Iran, intelligence sources have revealed. Mr Bush has signed an official document endorsing CIA plans for a propaganda and disinformation campaign intended to destabilize, and eventually topple, the theocratic rule of the mullahs,” reported Telegraph.

The Real Effect
Let's look at the history between these two countries -

• 1953 - Mohammad Mossadeq was overthrown in a coup named Operation Ajax organized by the CIA.

• 1979 - Iranian Revolution - Iranian Hostage Crisis
• 1980 - US attacks Iran through it's puppet state Iraq. (Which in turn was subsequently invaded in 2003) 1 million Iranians died.
• 1988 - USS Vincennes mistakenly shoots down an Iranian passenger jet after mistaking it for an F-14.

This is the hard part for most "conservatives" to understand. We have been attacking Iran for years and they refuse to attack back. Imagine if Iran had financed a coup against the US and then funded Mexico to openly attack our citizens that led to 1 million dead. We would rightly be outraged against their murderous activities. Yet we dislike their government and feel it's dangerous, so we reserve some sort of "right" to kill its citizens?

Yet hear we are again, funding freedom fighters terrorists to destabilize a legitimate government because they "might" get weapons that other nations have and because their rhetoric is too strong for our liking.

So just who is the greater menace to "world peace"?

Updated 11/17/2011 - Changed to Resource, added info.

Here Come the Bankruptcies

It took some time, but mathematics is unforgiving when it comes to your checkbook -

Alabama's most populous county filed the largest municipal bankruptcy in U.S. history Wednesday, years after being plunged more than $4 billion into debt by a corruption-riddled sewer project.

Just two months after it seemed Jefferson County could stave off embarrassment by striking a deal with creditors, talks broke down over about $140 million, said Commissioner Jimmie Stephens, who made the motion to file for the protection. Since 2008, commissioners have tried to avoid the move to settle the debt, which resulted mostly from a mix of outdated sewer pipes, the lagging economy, court rulings and public corruption.

The filing does not wipe out the whole $4.1 billion, said commission president David Carrington, who wasn't certain how much the county will have to pay back. A plan would have to be worked out in bankruptcy court and approved by a judge and at least one group of creditors, Carrington said. The bankruptcy's financial burden for residents and employees likely won't be known until that plan is in place, he said.

The Real Effect
Ready for critical thinking time again?

• Citizens elect representatives to represent them.
• These reps might receive special training in certain areas. (Highly unlikely)
• The reps decide that since they make the decisisions, you have to pay to play. 
• Eventually, they are busted and go to jail for bribery. (Right call)
• This in part drives up the cost of the project exponentially.
• The bankers that did the bribing are FREE.
• Yet we are talking about "stave(ing) off embarrassment by striking a deal with creditors"?

 I got your deal for you -

I, the undersigned, shall forfeit all rights, privileges, and licenses herein and herein contained, et cetera, et cetera... Fax mentis incendium gloria cultum, et cetera, et cetera... Memo bis punitor delicatum!

It's all there, black and white, clear as crystal! You stole fizzy lifting drinks! You bumped into the ceiling which now has to be washed and sterilized, so you get nothing! You lose! Good day, sir!

 I'll go one better, jail the crooks and take their company away.

Restructuring of the EU Ashes Coming? Is the Phoenix Event On It's Way?

The kindling is laid for the destruction of the Phoenix -

"German and French officials have discussed plans for a radical overhaul of the European Union that would involve establishing a more integrated and potentially smaller euro zone, EU sources say. French President Nicolas Sarkozy gave some flavour of his thinking during an address to students in the eastern French city of Strasbourg on Tuesday, when he said a two-speed Europe -- the euro zone moving ahead more rapidly than all 27 countries in the EU -- was the only model for the future." It gets much worse: "The discussions among senior policymakers in Paris, Berlin and Brussels go further, raising the possibility of one or more countries leaving the euro zone, while the remaining core pushes on towards deeper economic integration, including on tax and fiscal policy." Not sure how to further clarify this: Europe is preparing for its own end, and the dissolution of the existing structure of the Eurozone, which likely means an end to the EU in its current format, a reshaping of the customs union, and the overhaul of the zEURq.PK in its current form.

The Real Effect
Why is Europe burning? Because they planned to burn it in the first place! Of course this is not news to long time followers of TRE.

Aug 2011 - So, what's France and Germany's solution? Make the ponzi BIGGER!!!!

Jan 2011 - Western Europe contracts massively, putting extraordinary pressure on the Euro. But the call out of Belgium isn't about revoking the Euro, rather about the preservation of the European Union and the need to 'pull together'. I would expect that we could begin to see propaganda calling for a United Europe in the face of "x" (economic crisis, terror, war). Ultimately in the endgame, foreign creditors feel the massive pinch as they try to protect their investments...

Dec 2010 - This is going to gain steam now, Portugal and Germany are blowing out, China is finally starting to slow and Yahoo is laying off 10 - 20% of its employees. 

May 2010 - I believe that we will witness a somewhat separated/isolated stage in Europe for a little while. (A month?) This will place the EU debt crisis ahead of the US debt crisis. I believe the meltdown will be fast, vicious and 'unforseen'.

Feb 2010 - The EU will make it through this in one form or another (It might cease to be called the EU but it will still be the EU.)

Sept 2008 - They will be hit by this economic downswing, but where the US will be ravaged by this downturn, the EU will "weather the storm" precisely because they are the EU. This will lead for calls to imitate them with the North American Union in order to survive. (Timeframe: 1 - 3 years)

Nov 2005 -  Watch for an increase in centralization of power shifting from the United States to Brussels and the European Union, setting up the scene for the forth-coming global prince.

For a good idea of what they are planning to do, look here -

This is a game of good cop/bad cop with the current EU heads playing the part of the bad cops. Their goal is several fold:

1. Delegitimize any form of representative government as being 'reckless' by allowing and being subject to the will of the plebs and also inefficient/corrupt due to the massive bureaucratic nature.
2. Eliminate the rationale for protests and free speech as being dangerous and in line with point 1.
3. Slowly whittle down all effective individual liberties.
4. Replace those liberties with collective liberty.
5. Set up the rule of a monocratic rule of government with one individual effectively dictating the form of global law and worship.

 Now when is a much more complicated issue. They build timetables all the time, but they discard them sometimes as quickly as they build them if it endangers the good work. 11-11-11 is very fishy (As was 888), but also blatantly obvious. Never-the-less, keep your eyes open over the next few days.

Just How Did the Boomers Get So...Wealthy?

Class warfare is not my thing, but noticing trends is -

So far, today's young people aren't off to an encouraging start.

According to analysis by the Pew Research Center released Monday, younger Americans have been left behind as the oldest generation has seen wealth surge since the mid-1980s.

While it's typical for older generations to hold more wealth than younger ones who've had less time to save, the gap between the two age groups has widened rapidly.

In 1984, households headed by people age 65 and older were worth just 10 times the median net worth of households headed by people 35 and younger.

But now that gap has widened to 47-to-one, marking the largest wealth gap ever recorded between the two age groups.

The Real Effect
First thing's first. We shouldn't get too worked up about this sort of thing. After all, looking at "statistics" and trying to make things "fair" is part of how we got here. However, as we discussed in part in last year's The Prodigal Boomers, there is definitely a trend here of the Boomer generation sacrificing it's children to the fires of Molech.

Indeed, "Give it to me now!" has been the rallying cry for the last 40 years.

First, there was Free Love, a movement which sold out some of the rights of future husbands to carefree pleasure. (Result - STD explosions, AIDS and less secure nuclear families) Next we had the drug induced delirium of the 70's producing either the abortion nightmare or latch key/daycare kids of the 80s. Women abandoned child rearing in droves to 'find themselves'. (Not to mention millions of "single mothers".)

College was next as tuition became massively leveraged resulting in yearly exponential increases in college tuition.  Once out of college, good paying jobs were served up as unions demanded exponential increases of pensions, benefits and seniority. Want a job? Got to get it through us first!

As the 80s came into view, the stock market became all the rage as all this money had to go somewhere. Regulations and rules began to fall by the wayside as 'retire by 65 with my nest egg' took off. Some were even so brash as to want retirement by 55. Credit expansion ruled the day as leverage expanded massively in all sectors. (Spending their future earnings today) Corporate gifts abounded as deals are cut to 'promote growth' in all sectors. 'Corporate Crime' skyrockets.

As the 90s rolled around, Free Trade became the mantra fueling massive contracts that empowered overseas slave labor which led to the Big Box Retailers. Finally, rolling in the Millennium change, house flipping and wealth extraction via HELOCs and subprime loans allowed mass scale asset stripping to rule as Boomers took over companies, housing and all real wealth assets en mass. Gone were the days of affordable housing as now new individuals in the market had to compete with the massive power base of the Boomers continually shifting the rules to favor their class.

All of this leads to the crisis of 2008. Gen X, virtually abandoned since birth had since fended for themselves realizing that the game was long since rigged by many of their parents. Jobs had since been exported overseas. Many of their parents were now not only holding their own jobs, but many of the entry level jobs that young people would traditionally take. Housing had increased massively in cost as well as the regulations that are required to open a small business leaving the unconnected among them to scrape out an existence far below that of their predecessors. True, cheap goods had benefited them in part for a time, but now the loss of employment was far outstripping the benefits of cost reductions.

At this point, the market collapses, taking millions more jobs with it. Poor Gen Y is now hopelessly outclassed and seeks the only options it knows - college. Yet unknown to them, the leverage generated by these astronomically inflated tuition is one of the few things propping up the failing market place.

Social programs are enacted that place debt burdens via taxation on this upcoming generation. When that fails to secure the ponzi level growth needed to secure system stability, new "austerity" programs are enacted to forcibly extract all wealth from Gen X and Y. Yet the Boomers insist that they paid at one point in their lives, therefore they deserve - that our pensions be funded, our Medicare be paid for, our Social Security be paid for, etc, all on the backs of the upcoming generations who pay for it via value extraction via ZIRP and QE1 and QE2. TARP is enacted to ensure that Boomers can continue to see their "value" protected on their houses.

Left without employment and little voice at the table, Gen Y marches. #OWS begins.

Irrational Israel: 'Iran has no bomb, poses no threat'

Occupy Movement Comes to Paris Amid Police Violence

Max Keiser Mutilates Greek Bailout Apologist: "Bring It On You Nazi Financial Terrorist!"

Greece Moves Forward - Off a Cliff

GPap sets the stage for the ultra-riot -

Greek PM Tells Sky News He Has Scrapped Referendum: Watch Sky Coverage Of Euro Crisis Live

The Real Effect

Where a person stands on an issue like this will tell you volumes about what they believe. If they believe that the Greeks are upset because their "gravy train" is coming to an end, they have a box of rocks between their ears. While it is true that they are upset about their benefit changes, to equate that with the reasoning behind the riots is like claiming the passengers on the Titanic were upset because they were going to get wet.

The Greeks are upset that their checkbooks are being used as a backstop for French and Italian banks. If you can't get that, there's no discussing any further.

Jericho Looks to Target Iran Again

Once again Iran becomes a target as Israel becomes increasingly restless -

Israeli Prime Minister Benjamin Netanyahu is trying to rally support in his cabinet for an attack on Iran, according to government sources.

The country's defence minister Ehud Barak and the foreign minister Avigdor Lieberman are said to be among those backing a pre-emptive strike to neutralise Iran's nuclear ambitions.

But a narrow majority of ministers currently oppose the move, which could trigger a wave of regional retaliation.

The debate over possible Israeli military action has reached fever pitch in recent days with newspaper leader columns discussing the benefits and dangers of hitting Iran.

As if that's not enough, they're firing Jericho missiles too -

Israel test-fired a missile from a military base on Wednesday, two days after Prime Minister Benjamin Netanyahu warned of the "direct and heavy threat" posed by Iran's nuclear program.

The noon launch near Tel Aviv, which had not been announced in advance, coincided with a week-long surge of speculation in local media that Netanyahu was working to secure cabinet consensus for an attack on Israel's arch-foe.

Netanyahu's office declined comment on the reports, which were unsourced and unconfirmed, and which some commentators suggested might be disinformation designed to jolt war-wary foreign powers into stepping up sanctions against Tehran.

The Defense Ministry described the launch from Palmachim base as the test of the propulsion system of a missile on which it declined to elaborate.

Surely the significance of the nickname Jericho, should not be lost on anyone.

UK -

Britain’s armed forces are stepping up their contingency planning for potential military action against Iran amid mounting concern over Tehran’s nuclear enrichment programme, the Guardian has learned.

The Ministry of Defence believes the US may decide to fast-forward plans for targeted missile strikes at some key Iranian facilities. British officials say that if Washington presses ahead it will seek, and receive, UK military help for any mission, despite some deep reservations within the coalition government.

In anticipation of a potential attack, British military planners are examining where best to deploy Royal Navy ships and submarines equipped with Tomahawk cruise missiles over the coming months as part of what would be an air- and sea-launched campaign.

Of course the US, has no idea why Israel is doing such things and playing the part of the good lap dog to Israel -

Fearing an uncoordinated Israeli attack against Iran, the United States is working on several levels to pressure the UN's Security Council into imposing harsher sanctions on Iran, Yedioth Ahronoth reported Monday.

A senior US State Department official said there was growing concern among Obama administration officials ahead of an IAEA report set to be published in November indicating considerable progress in Tehran's development of its military nuclear program.

The Real Effect
This is certainly sounding more and more like a done deal, but I relent in part. The neocons have been salivating over Iran as The Evil That Threatens the Whole World for the last decade plus. No matter how much devotion they try to muster, it continually proves to be the impossible nut to crack. Perhaps because the whole world recognizes that taking on Iran (and by proxy Russia and China) is sheer folly if not abject lunacy.

Undeterred at the missed opportunity at the hands of the resignation of Admiral Fox Falun in 2006 and yet another unfavorable intelligence report in 2008, the steady propagandic stream that Iran is pure ee-vil has yet to see a scenario where Iran has actually acted against the West in much of a fashion. True, there are steady reports of destabilization in various regions at the hands of Iran, some of which turned out to be pure nonsense and others hold some elements of truth. Yet how does one reconcile such reports with the fact that we have invaded every major country surrounding the Evil One and sent Spec Ops into the minor ones? (In one case almost initiating WWIII with the Russians.) Surely if Russia was staging troops in Mexico we'd be having daily conniption fits about regional stability and the like.

Yet the term sovereignty only enters the Neo-Tea Party lexicon after we've done enough to "secure" our country. (Read as steal assets from other countries to ensure another decade of Defense, Social Security and Medicare funding.) Going one step further and using our own logic against us, Iran would be justified in preemptively invading the US to stop us from invading them.

The timing on this is getting awfully close to the "dreaded" 2012 Mayan dates. Not that one should put much stock in such things, rather you should pay attention to what flag the globalists are waving. Look for continued escalation resulting in a strike that sets off the Religious War if the Israelis can get their people to look the other way.  (Possible dates include the 7th - 13th of November)

Greece - Kaboooooom!

Ok, so just shy of it -

Greek Prime Minister George Papandreou’s grip on power weakened before a confidence vote later this week as his decision to call a referendum on a new bailout package provoked a lawmaker rebellion.

Milena Apostolaki said she will defect from Papandreou’s socialist Pasok party. With Kerdos newspaper reporting that Eva Kaili will also abandon Pasok, Papandreou would only control 151 seats in the 300-seat chamber. Six members of the party called on the premier to resign in a joint letter, Athens News Agency said today. Ministers are due to meet this evening.

Stocks fell, the euro tumbled and Italian bonds plunged on concern that the referendum, which blindsided Greek lawmakers as well as European policy makers, will push Greece into a disorderly default if the bailout is rejected. Austerity steps imposed by creditors have sparked a wave of social unrest in the past 18 months, undermining support for the government. Papandreou won his last major vote on austerity measures by 154 votes to 144 on Oct. 20.

The Real Effect
The sky is falling....iaeeeee...look out for the molten rock!!!

As always, I am amused at the sheer predictability of all this. The cockroaches try to hide until it is mathematically impossible to hide anymore. Then they scream and yell and scurry about until they find a new place to hide. And yet, amidst all of this, we are still arguing about whether or not the cockroaches even exist! Why? Because the supposedly non-existent banksters tell them so!

Longtime readers of the blog realize that this will be another watershed moment in the EU. Like Iceland before them, the Greek people will get a vote on how their country will be run. The true test will be in whether the Eurocrats "allow" them to have their opinion after they vote. Lisbon Treaty anyone?

I think it is near impossible that a Yes vote will be achieved. In that event, look for a short spell of peace as the cockroaches try desperately to hide again.


If Greece votes down the bailout, look for all sorts of screaming by the Euro banksters as they are burned alive on the fires they started. Specifically Italy, Portugal and Spain will blow out as the speculators decimate the banks. (As well they should) More importantly, watch the Eurocrats try some end-run around the will of the people. (You see, Democracy only matters when you're voting FOR the Globalist Hydra, not against. In such cases, the will of the people is far too, unenlightened.)

Look for Europe to burn for a while (3-6 mos?) as the US gets a short lived reprieve. Except this time I believe we're going to start to see casualties. After Europe goes critical for a time, look for America to thrust itself into the spotlight again with the Supa-Committee.