Government: Too Big To Fail?

No, it’s not. (Photo credit: Vince_Lamb)

The term “too big to fail” was first popularized by Congressman Stewart McKinney in A.D. 1984 during a congressional hearing over whether the FDIC should be allowed in intervene in the Continental Illinois bank problem.  But the term didn’t really enter the American lexicon until A.D. 2008 when a number of American banks and financial institutions were threatened with bankruptcy and the government justified supporting those institutions with billions of taxpayer-dollars because those institutions were deemed “too big to fail”.

According to Wikipedia,

“The ‘too big to fail’ theory asserts that certain financial institutions that are so large and so interconnected that their failure would be disastrous to the economy, and that they therefore must be supported by government when they face difficulty.”

It’s interesting to note that “too big to fail” (“TBTF”) is a theory.  The principle underlying the TBTF label (that some institutions are so important that they must be supported at any cost) is largely untested, unproven and therefore merely theoretical.

 

Mini-Seminar by Adask

Adask at the “gates” of Hell’s Canyon, Idaho

I was recently interviewed by Stephen Roberts on “Cancel the Cabal”.  During that video interview, I explored the concepts of sovereignty and the “sovereignty movement,” as well as potential applications of the 1st, 2nd and 9th Amendments, and “MOOA” (“man or other animals”) in relation to drug laws, the war on drugs, police state, big pharma, and American medicine.

The interview lasts almost two hours.  It’s too long to be an “interview,” but it might reasonably be described as a “mini-seminar”.  Most won’t have the time to listen to the entire presentation.  But it’s actually a pretty good general introduction to a number of concepts, so, if you’re inclined to listen, here’s the link:

 

Brzezinski’s Lament

Zbigniew Brzezinski (Photo credit: Ted Lipien)

Zbignew Brzezinski is a Democrat who served as America’s 10^th National Security Advisor from A.D. 1977 through A.D. 1981 under the Jimmy Carter administration.

It strikes me as unusual, odd, even disturbing that Brzezinski became our National Security Advisor in A.D. 1977 since he’d already published his book Between Two Ages: America’s Role in the Technetronic Era in A.D. 1970.  Why?  Because in that book, he predicted and apparently advocated the control of populations by an elite political class via technetronic manipulation.

According to Brzezinski,

“The technetronic era involves the gradual appearance of a more controlled society. Such a society would be dominated by an elite, unrestrained by traditional values. Soon it will be possible to assert almost continuous surveillance over every citizen and maintain up-to-date complete files containing even the most personal information about the citizen. These files will be subject to instantaneous retrieval by the authorities.”

 

Currency Wars: The Final Battle?

Français : plusieurs billets de 5000, de différentes monnaies : franc, yen, lire, dollar (Photo credit: Wikipedia)

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) describes itself as, “a member-owned cooperative through which the financial world conducts its business operations with speed, certainty and confidence. More than 9,000 banking organisations, securities institutions and corporate customers in 209 countries trust us every day to exchange millions of standardised financial messages.”

SWIFT is the backbone of global free trade.  By means of SWIFT, businessmen in virtually any country can digitally buy or sell products to other businesses anywhere else on the globe.  Without access to SWIFT, global trade would be slow, uncertain and difficult.

The US gov-co has recently ordered Iranian banks be denied access to SWIFT until the Iranian government agrees to meet US demands concerning Iranian nuclear weapons.  Nations such as India (which are buying crude oil from Iran) are also threatened with restricted access to SWIFT unless they stop purchasing Iranian crude.

According to Bloomberg (“U.S. Wants Iran Oil Buyers to Pledge Cuts or Risk Sanctions”),

 

“If a country doesn’t prove it’s making the necessary reductions [in the purchase of Iranian crude oil] by the end of June, any institution in that nation that settles petroleum trades through Iran’s central bank will be cut off from the U.S. banking system.”

And conversely, the US banking system (and US dollar) will be “cut off” from any nation that continues to trade with Iran.

The question is:  Who needs who?

 

Invading Iran (Rounding Up the Usual Suspects)

Image via Wikipedia

IT’S ALL ABOUT THE MONEY

Article 1 Section 10 Clause 1 of the federal Constitution mandates that only gold and silver coin be used as money within the States of the Union.  Nevertheless, the federal gov-co removed gold from domestic circulation in A.D. 1933, removed silver from domestic circulation in A.D. 1968, and removed gold backing for dollars in foreign circulation in A.D. 1971.   Since A.D. 1971, the US dollar has been intrinsically worthless and a pure fiat currency.

Shortly thereafter, the Nixon administration negotiated agreements with Saudi Arabia and OPEC wherein oil-producing nations of the world would guarantee to sell their crude oil only for dollars.  Result?  Any nation that wanted to buy crude oil had to first have dollars.  This agreement created an international demand for (worthless) dollars.  This demand created the illusion of value in the dollar.  The fiat dollar became a petro-dollar implicitly backed by crude oil rather than gold or silver.

 

Another Slant on Libya and the Global Monetary System

Image via Wikipedia

Over the past 20 or 30 years, Libya’s Colonel Qaddafi has been portrayed as a cross-dressing, drug-using, lunatic, terrorist and despot.  The mainstream media’s portrait of Qaddafi has been so persistently negative for so long, I accepted it as more or less true that Qaddafi was pretty much a “bad guy”.

But here’s a video that says the truth is very different from what we’ve been led to believe.  We see Qaddafi riding in the open, vulnerable to assassination, and instead receiving widespread cheers and applause from his people.  We see that Tripoli is a fairly modern and prosperous city.  We read allegations in the video that, if true, indicate that Qaddafi was truly dedicated to the welfare of the Libyan people.  If we believe the video, Qaddafi is a real hero.

 

The Emperor’s Butt Nekkid!

Image by mikeseye via Flickr

In A.D. 1837, Hans Christian Andersen published a fable entitled “The Emperor’s New Clothes”—the story of an Emperor who cared for nothing but his appearance.  He hired two deceitful tailors who promised him the finest suit of clothes made from a fabric invisible to anyone who was unfit for his position or “just hopelessly stupid”.

The Emperor couldn’t see the invisible clothes but, for fear of appearing unfit for his office, he pretended that he could.  His ministers also pretended as did the people.  The community pretense persisted until a child, too young to understand the need to maintain the lie, blurted out that the Emperor was naked, the people were shocked back into reality, and the lie of “invisible clothes” ended.

That fable illustrates how a community or even a nation can be integrated around a lie and how that community can seem to function properly so long as everyone embraces that lie.  But, if anyone tells the truth and exposes the lie, the community will lose confidence in the lie and disintegrate.

 

Coming Dollar Collapse–Where Not to Be

Image by Mike Poresky via Flickr

The following video offers a “worst case scenario” that may follow a collapse of the U.S. dollar.  Although I agree with virtually everything the author says–as a possible result of a dollar collapse–I have three quibbles with the video presentation:

1)  While it seems inevitable that the fiat (paper/digital) US dollar must collapse, it’s nevertheless true that the dollar is the “world’s reserve currency” and there’s no other national, fiat currency available to take its place.  Insofar as there may be no other national, fiat currency to replace the dollar, gold and silver are virtually certain to once again become the “world’s reserve currency”.

 

Things to Come

Image via Wikipedia

James Wolfensohn is former president of the World Bank.  On January 11th, A.D. 2010, he addressed graduate students at Stanford University and outlined demographic and economic changes that could be expected over the next 40 years.  He predicted a coming “tectonic shift” in wealth from the western nations to Asia as if it were an inevitability.

The implications for America’s future are not precisely spelled out, but appear to be dire.

Our nation is declining–with the assistance of our own government, which is bought and paid for by multi-national corporations and globalists.  I disagree that our decline is “inevitable”.  I believe that a restoration of high tariffs and withdrawal from “global free trade”  would restore American industry and secure our standard of living.  However, so long as our government remains determined to support globalism, we are headed towards a massive decline in our standard of living.

The video is a little slow.  You’ll have to read between the lines.  But it’s worth your time.  Wolfensohn knows what’s coming.  So does Obama, the Senate and the House.  Despite that knowledge, nobody’s moving to stop these “things to come”.  So long as that’s true, these “things” may be “inevitable”.

Our primary economic hope is to stay the hell out of global free trade.

video   00:19:01

http://www.youtube.com/watch?v=mOwZwkhFemQ&feature=player_embedded

 

Global Free Trade is Intended to Destroy the United States of America.

The video is misnamed.  It doesn’t really deal with “cannibalism” except in the sense that, with the cooperation of our own government, the USA is being “cannibalized” by the globalists and multi-national corporations.

Except for the mis-titling,  the video is chilling.

Dr. John Coleman.

video   00:13:20

http://www.youtube.com/watch?v=6e72EhTtSh0&feature=related