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40 Facts You Need To Know About This Government Before You Vote. Complements Of Snoopes! Video!

40 Facts You Need To Know About This Government Before You Vote. Complements Of  Snoopes! Video!
Saturday, November 3, 2012 11:38

1.) The IRS is not a U.S. Government Agency. It is an Agency of the IMF. (Diversified Metal Products v. IRS et al. CV-93-405E-EJE U.S.D.C.D.I., Public Law 94-564, Senate Report 94-1148 pg. 5967, Reorganization Plan No. 26, Public Law 102-391.)

 

2.) The IMF is an Agency of the UN. (Blacks Law Dictionary 6th Ed. Pg. 816)

 

3.) The U.S. has not had a Treasury since 1921. (41 Stat. Ch.214 pg. 654)

 

4.) The U.S. Treasury is now the IMF. (Presidential Documents Volume 29-No.4 pg. 113, 22 U.S.C. 285-288)

 

 

 

5.) The United States does not have any employees because there is no longer a United States. No more reorganization. After over 200 years of operating under bankruptcy it’s finally over. (Executive Order 12803) Do not personate one of the creditors or shareholders or you will go to Prison.18 U.S.C.914

 

6.) The FCC, CIA, FBI, NASA and all of the other alphabet gangs were never part of the United States government, even though the “US Government” held shares of stock in the various Agencies. (U.S. V. Strang, 254 US 491, Lewis v. US, 680 F.2d, 1239)

 

7.) The UN through the IMF issues Social Security Numbers. The Application for a Social Security Number is the SS5 form. The Department of the Treasury (IMF) issues the SS5 not the Social Security Administration. The new SS5 forms do not state who or what publishes them, the earlier SS5 forms state that they are Department of the Treasury forms. You can get a copy of the SS5 you filled out by sending form SSA-L996 to the SS Administration. (20 CFR chapter 111, subpart B 422.103 (b) (2) (2) Read the cites above)

 

8.) There are no judicial courts in America and there has not been since 1789. Judges do not enforce Statutes and Codes. Executive Administrators enforce Statutes and Codes. (FRC v. GE 281 US 464, Keller v. PE 261 US 428, 1 Stat. 138-178)

 

9.) There have not been any Judges in America since 1789. There have just been administrators. (FRC v. GE 281 US 464, Keller v. PE 261 US 428 1Stat. 138-178)

 

10.) According to the GATT you must have a Social Security number. House Report (103-826)

 

11.) We have One World Government, One World Law and a One World Monetary System.

 

12.) The UN is a One World Super Government.

 

13.) No one on this planet has ever been free! This planet is a Slave Colony. There has always been One World Government. It is just that now it is much better organized and has changed its name as of 1945 to the United Nations.

 

14.) New York City is defined in the Federal Regulations as the United Nations. Rudolph Gulliani stated on C-Span that “New York City was the capital of the World” and he was correct. (20 CFR chapter 111, subpart B 422.103 (b) (2) (2)

 

15.) Social Security is not insurance or a contract, nor is there a Trust Fund. (Helvering v. Davis 301 US 619, Steward Co. V. Davis 301 US 548.)

 

16.) Your Social Security check comes directly from the IMF, which is an Agency of the UN. (Look at it if you receive one. It should have written on the top left United States Treasury.)

 

17.) You own no property, slaves can’t own property. Read the Deed to the property that you think is yours. You are listed as a Tenant. (Senate Document 43, 73rd Congress 1st Session)

 

18.) The most powerful court in America is not the United States Supreme Court but the Supreme Court of Pennsylvania. (42 Pa.C.S.A. 502)

 

19.) The Revolutionary War was a fraud. See (22, 23 and 24)

 

20.) The King of England financially backed both sides of the Revolutionary war. (Treaty at Versailles July 16, 1782, Treaty of Peace 8 Stat 80)

 

21.) You can not use the Constitution to defend yourself because you are not a party to it. (Padelford Fay & Co. v. The Mayor and Alderman of the City of Savannah 14 Georgia 438, 520)

 

22.) America is a British Colony. (THE UNITED STATES IS A CORPORATION, NOT A LAND MASS AND IT EXISTED BEFORE THE REVOLUTIONARY WAR AND THE BRITISH TROOPS DID NOT LEAVE UNTIL 1796.) Respublica v. Sweers 1 Dallas 43, Treaty of Commerce 8 Stat 116, the Society for Propagating the Gospel, &c. V. New Haven 8 Wheat 464, Treaty of Peace 8 Stat 80, IRS Publication 6209, Articles of Association October 20, 1774.)

 

23.) Britain is owned by the Vatican. (Treaty of 1213)

 

24.) The Pope can abolish any law in the United States. (Elements of Ecclesiastical Law Vol.1 53-54)

 

25.) A 1040 form is for tribute paid to Britain. (IRS Publication 6209)

 

26.) The Pope claims to own the entire planet through the laws of conquest and discovery. (Papal Bulls of 1455 and 1493)

 

27.) The Pope has ordered the genocide and enslavement of millions of people. (Papal Bulls of 1455 and 1493)

 

28.) The Popes laws are obligatory on everyone. (Bened. XIV, De Syn. Dioec, lib, ix, c. vii, n. 4. Prati, 1844) (Syllabus, prop 28, 29, 44)

 

29.) We are slaves and own absolutely nothing not even what we think are our children. (Tillman v. Roberts 108 So. 62, Van Koten v. Van Koten 154 N.E. 146, Senate Document 43 & 73rd Congress 1st Session, Wynehammer v. People 13 N.Y. REP 378, 481)

 

30.) Military Dictator George Washington divided the States (Estates) into Districts. (Messages and papers of the Presidents Vol 1, pg 99. Webster’s 1828 dictionary for definition of Estate.)

 

31.) “The People” does not include you and me. (Barron v. Mayor and the City Council of Baltimore. (32 U.S. 243)

 

32.) The United States Government was not founded upon Christianity. (Treaty of Tripoli 8 Stat 154.)

 

33.) It is not the duty of the police to protect you! Their job is to protect the Corporation and arrest code breakers. Sapp v. Tallahassee, 348 So. 2nd. 363, Reiff v. City of Philadelphia, 477 F. Supp. 1262, Lynch v. N.C. Dept of Justice 376 S.E. 2nd. 247.

 

34.) Everything in the “United States” is For Sale: roads, bridges, schools, hospitals, water, prisons airports etc. I wonder who bought Klamath Lake. Did anyone take the time to check? (Executive Order 12803)

 

35.) We are Human capital. (Executive Order 13037)

 

36.) The UN has financed the operations of the United States government for over 50 years and now owns every man, women and child in America. The UN also holds all of the Land in America in Fee Simple.

 

37.) The good news is we don’t have to fulfil “our” fictitious obligations. You can discharge a fictitious obligation with another’s fictitious obligation.

 

38.) The depression and World War II were a total farce. The United States and various other companies were making loans to others all over the World during the Depression. The building of Germany’s infrastructure in the 1930′s including the Railroads was financed by the United States. That way those who call themselves “Kings”, “Prime Ministers”, and “Furor” etc could sit back and play a game of chess using real people. Think of all of the Americans, Germans etc. who gave their lives thinking they were defending their Countries, which didn’t even exist, and the millions of innocent people who died for nothing. Isn’t it obvious why Switzerland is never involved in these fiascos? That is where the “Bank of International Settlements” is located. Wars are manufactured to keep your eye off the ball. You have to have an enemy to keep the illusion of Government” in place.

 

39.) The “United States” did not declare Independence from Great Britain or King George.

 

40.) Guess who owns the UN?

 

 

Read More At Snopes: http://msgboard.snopes.com/cgi-bin/ultimatebb.cgi?ubb=get_topic;f=81;t=000806;p=1

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Entry #169

Wall Street Insider: "Hell To Pay" – Payback Time For Opposing Obama

Wall Street Insider: “Hell To Pay” – Payback Time For Opposing Obama
Thursday, November 1, 2012 12:53
 

NOTE:  This update was forwarded to me by Wall Street Insider who indicated they received it this morning via a direct source associated with Barack Obama’s campaign headquarters in Chicago. The story below is from The Ulsterman Report with more at link at bottom of story.

 

Valerie Jarret – “After We Win This Election, It’s Our Turn. Payback Time.” (WSI)

 

Openly declared as “Obama’s Brain”, and the figure whose second story West Wing officehas been described by political insiders as the true Oval Office of the Obama White House, Valerie Jarrett is letting it be known that if Barack Obama secures election victory next week, there may be, quite literally, hell to pay for those who opposed him.

Thought you would be very interested to hear of this.  It appears this Jarrett creature is quite confident of a victory, and has every intention of making those who opposed her, and her boy, of paying dearly for their seeming crimes against them.  As Election Day is nearly upon us, more and more are willing to speak outside the inner circle.  Such is the case with this message received by me this morning from a source who has been working for us via Chicago for several months now. Their campaign appears increasingly confident, I assume, due to the now adoring media coverage of their boy’s little march with the commoners following this week’s storm.  It has been a revolting display by some in our media has it not?  Here then is the most recent report I received our Chicago source.  I first passed it along to our mutual friend with no response, so now I  pass it along to you in the hopes you deem it worthy to publish as its sharing will serve a related purpose with another I hope to secure a favor from in the very near future.  And if you have any concerns regarding the source – don’t.  They are being thoroughly protected despite their understandable trepidation.  As you have been.

Read much more @ http://theulstermanreport.com/2012/11/01/valerie-jarret-after-we-win-this-election-its-our-turn-payback-time-wsi/

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Entry #168

WH Insider – How Romney Wins! -Tuesday Election Break Down

WH Insider – How Romney Wins! -Tuesday Election Break Down –
Friday, November 2, 2012 17:11
 

A longtime D.C. political operative sends this outline of how Mitt Romney wins Tuesday to become the next President of the United States.

(Insider is certain Mitt Romney will be circling at least 300 electoral votes on Election Night)

 

______________________

Insider: My work is all but done, so now just like you and a whole lot of others, I’m going into watch and wait mode. That said, here’s how I see Tuesday’s vote playing out based on a combination of first person knowledge of the ground game, a hell of a lot of experience, and just plain old gut feeling. You asked for a break down of my thoughts, so here it is. Going to focus on the swing states and a that surprise win for the governor I told you about before.

_________________________

Virginia: We got 13 electorals up for grabs to get the night rolling. Romney takes it by about 60-70 thousand votes. McDonnell has done some very solid work for us in the state and that has been a big advantage.

Pennsylvania: Some major trending for the governor right now that is being totally under-reported by the media. Some counties looking like they will be upwards of 70% Romney. #s will be played tight via media reports during early hours of election night, but watch for a call by around 8:30 or so for the governor. And that my friend, is when the entire liberal establishment really starts to do the backside pucker. The campaign is leaving off Nevada in favor of Pennsylvania this weekend. Much bigger prize. Romney by upwards of 200 thousand votes. Something a lot of the pundits and pollsters are leaving out on the coverage of Pennsylvania is Governor Corbett. He’s been a major player in that state’s power structure for some time, and was a very popular Attorney General there before winning election as governor in 2010. He knows how to defeat Democrats, been doing it for the last couple decades. Beat his Dem opponent in 2010 by almost 10 points. Great ground game and that will pay dividends for us on Tuesday.

North Carolina: Romney. Early call.

Florida: Romney wins this by about 100,000 votes. The Jewish and Cuban votes are putting him well over the top here. Florida is always a big win for the one who gets it, and this time it’s the governor’s.

Wisconsin: Like McDonnell in Virginia, Walker has really helped with the ground game structure in Wisconsin. Incredible work due largely to that structure already being in place for the recent recall vote. Huge pick-up for the governor. The beginning of the “turn out the lights” moment for the Obama campaign. Romney by 30,000 votes which is a huge reversal from 2008. Something interesting has been happening in Wisconsin the last couple years. Major shift toward conservatism.

continue at The Ulsterman Report:

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Entry #167

CNN Exposed, Emmy Winning Former CNN Journalist, Amber Lyon Blows The Whistle, Let me repeat that.CN

CNN Exposed, Emmy Winning Former CNN Journalist, Amber Lyon Blows The Whistle, Let me repeat that.CNN is paid by the US government for reporting on some events, and not reporting on others. The Obama Administration pays for CNN content
Sunday, October 7, 2012 10:15
 

 

CNN Exposed

Emmy Winning Former CNN Journalist, Amber Lyon, Blows The Whistle….

Simultaneously Answers One of my questions….

 

The central issue is Media Controlled by The Obama Administration, and more specifically CNN – as a VERIFIED tool for propaganda and disinformation.

Within this Canadian video report you will find footage of a CNN story on Egypt and Mohammed Al Zawahiri. It was produced by well-known CNN Journalist Nick Robertson. The entire video is excellent, but the pertinent aspect is at the 1:30 mark.

 

In the previous thread I asked two central questions. The Second Question was:

Why would CNN [or CNNi] refuse to air the Nick Robertson report with Muhammed Al Zawahiri (brother of Ayman Al Zawahiri) that clearly shows the Egyptian uprising was 100% in response to his call for protests for release of the Blind sheik on 9-11.? Why would the “most trusted name in news“, hide the report showing the truth, and instead allow the false narrative to be sold, by them, to the American electorate?

Amber Lyon provides the answer(s).

CNN never aired the Nick Robertson report in Egypt because it completely contradicted the Obama Administration, and Hillary Clinton State Department, Egyptian assertions. In short, it proved they were lying – BIG TIME. The refusal to air the real reasoning for the Egyptian Embassy assault was intentional protection of President Obama specifically orchestrated by the CNN News group. Specific, intentional, lying.

Apparently they have a history of this no-one knew about. UNTIL NOW.

undefinedAmber Lyon is an award-winning journalist who worked for CNN.

She says she was ordered to report fake stories, delete unfriendly stories adverse to the Obama administration (like the Nick Robertson report), and construct stories in specific manners while working for the left-wing network.

CNN is paid by foreign and domestic Government agencies for specific content.

Let me repeat that.

CNN is paid by the US government for reporting on some events, and not reporting on others. The Obama Administration pays for CNN content.

Let that sink in.

Additionally CNN and CNN International are also paid by foreign governments to avoid stories that are damaging, and construct narratives that show them in a better, albeit false, light.

Amber Lyon is a three-time Emmy winning investigative journalist and photographer. She accuses CNN of being “fake news.”

Back in March 2011, CNN sent a four person team to Bahrain to cover the Arab Spring. Once there, the crew was the subject of extreme intimidation amongst other things, but they were able to record some fantastic footage. As Glenn Greenwald of the UK’s Guardian writes in his blockbuster arti…:

“In the segment, Lyon interviewed activists as they explicitly described their torture at the hands of government forces, while family members recounted their relatives’ abrupt disappearances. She spoke with government officials justifying the imprisonment of activists. And the segment featured harrowing video footage of regime forces shooting unarmed demonstrators, along with the mass arrests of peaceful protesters. In sum, the early 2011 CNN segment on Bahrain presented one of the starkest reports to date of the brutal repression embraced by the US-backed regime.

Despite these accolades, and despite the dangers their own journalists and their sources endured to produce it, CNN International (CNNi) never broadcast the documentary. Even in the face of numerous inquiries and complaints from their own employees inside CNN, it continued to refuse to broadcast the program or even provide any explanation for the decision. To date, this documentary has never aired on CNNi.

Having just returned from Bahrain, Lyon says she “saw first-hand that these regime claims were lies, and I couldn’t believe CNN was making me put what I knew to be government lies into my reporting.”

Here is a segment of the Bahrain report that Amber Lyon and her team put together. CNNi refused to allow it to air because the Bahrain Government had paid them not to show it.

 

When Amber Lyon recognized the extent of the reasoning, she challenged CNN. CNN told her to be quiet, and began to view her as a risk. She knew, and found out, too much.

Amber is now trying to tell the story, the real story, of what is going on behind the closed doors of US Media entities. Amber has created her own website, and additionally as noted in the Guardian Article she is trying to share the truth of the deceptions.

What Amber Lyon describes is exactly the reason why CNN never aired the Nick Robertson interview with Muhammed Al Zawahiri in Egypt.

Amber recently did a web interview with Alex Jones on InfoWars. Generally the TreeHouse does not appreciate Alex Jones. He is wound up tighter than piano wire, and unfortunately much of his truth is diminished because of the hype he places upon it.

Alex Jones is easy to disregard as a “conspiracy theorist”, not because of what he says, but because of how he says it. Everything is desperate and dangerous with him.

That said, the words and explanations of Ms. Lyon in the discussion/interview are poignant and vastly informative. So I share the video with you so you can hear from Amber herself exactly what is being described and articulated.

 

It is critical to listen towhat she says, not just about Bahrain but also about what the Obama administration is specifically doing. Just try to overlook the Alex Jones-ism, and focus on what Amber Lyon is sharing.

 

 

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Entry #166

The Game Is Up: US Financial System Is Heading Towards A Major Collapse As QE Bubble Created By The

The Game Is Up: US Financial System Is Heading Towards A Major Collapse As QE Bubble Created By The Fed Is About To Burst
Tuesday, October 30, 2012 14:21
 
 

 

S&P each Fed action: QE1 +50%, QE2 +30%, Twist +18%, QE3 & Twist +8%… so QE4 +4%, QE5 +2%, and QE6 +1%…

The Incredible Shrinking Half-Life Of Central Bank Action

It seems the market – or the collection of pre-programmed heuristic biases that make up the equity investing public (and machines) – is slowly but surely realizing the confidence trick that is the Fed’s Quantitative Easing programs. The following chart should clarify – to anyone placing their gambling chips on the hopes of another round of easing from the Fed – why the game is up. To wit, the reverse geometric progression of S&P 500 performance during each Fed action: QE1 +50%, QE2 +30%, Twist +18%, QE3 & Twist +8%… so QE4 +4%, QE5 +2%, and QE6 +1%…

 

 

Chart: SocGen

Save this chart, so when all your pathetic Facebook “friends” ask why the stock market crashed 30%, you can post this chart and show them how the Fed created their latest bubble! So easy, even an Obama phone using, EBT card using, food stamp using, facebook junkie can get it!

 

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Here’s another measure. A year ago 25% of Americans planned to work until age 80. Now that number is 30%.

As they struggle to save for retirement, a growing number of middle-class Americans plan to postpone their golden years until they are in their 80′s.

Nearly one-third, or 30%, now plan to work until they are 80 or older — up from 25% a year ago, according to a Wells Fargo survey of 1,000 adults with income less than $100,000.

“It is so tough for Americans to save for retirement that the answer seems to be to work longer,” said Joe Ready, director of Wells Fargo Institutional Retirement and Trust.

 

Let the Markets Clear! – Ron Paul

Ron Paul: “Never in American history have we needed to adopt a policy of laissez faire more desperately; never has government seemed more determined to artificially prop up an industry”

The ultimate result of these interventions by our caring friends in Congress and the Fed has been the biggest housing bubble and crash in US history, leaving millions of Americans underwater on their mortgages if they have not already lost their houses altogether. Congress and the Fed are directly responsible for millions of shattered lives, and almost unknowable economic damage in the form of trillions of dollars in mortgage backed securities.

The only solution to this mess is to allow the US housing market to clear. All of the bad mortgage debt must be liquidated, whether via foreclosure or bankruptcy. Banks holding substantial mortgages or mortgage backed assets must face the music and adjust their balance sheets to reflect today’s reality. Undoubtedly this will force many banks into immediate insolvency, but such banks must be allowed to fail without receiving another nickel of taxpayer money. Banks took the risks and made money during the bubble years; those who exercised bad judgment must now accept the consequences of their actions.

Never in American history have we needed to adopt a policy of laissez faire more desperately; never has government seemed more determined to artificially prop up an industry. But only by allowing the housing market to clear can we hope to rebuild our shattered economy from a stable foundation. Clearly there will be pain in the short term, but we owe it to younger Americans and future generations to allow the reemergence of a rational housing market.

 

Ron Paul Warned Us: United States, Not China, Is Biggest Currency Manipulator

During the presidential debates and on the campaign trail, former Governor Mitt Romney has focused many of his attacks on China. Accusing them of “manipulating their currency” to gain and unfair trade advantage against the U.S., Romney has promised to isolate China on his first day in his office in part of a broader hawkish policy towards China. But not only is Romney wrong to demonize China, he completely ignores the real currency manipulators: the U.S. Federal Reserve.

In classic politician doublespeak, Romney’s accusations against China are a few truths mixed in with a lot of lies, pandering and propaganda. While it is true that China has been keeping the value of its currency artificially low over the last decade, this has been largely in response to the U.S. doing essentially the exact same thing for four decades now.

Since 1971 when President Nixon infamously defaulted and cut all gold ties from the dollar, the U.S. government and the Federal Reserve have been printing trillions of dollars as part of a deliberate strategy to boost U.S. exports and harm nations exporting goods to the U.S. China holds hundreds of billions worth of U.S. government bonds of debt and has been repaying its creditors, like China, with increasingly devalued dollars.

 

 

Entry #165

Obama and Biden Indicted by Grand Jury

Obama and Biden Indicted by Grand Jury
Tuesday, October 30, 2012 18:32
 
Congress should have acted on this long ago- G.M.
(Ocala, Florida, October 30, 2012). Larry Klayman, the founder and chairman of Freedom Watch today announced that President Barack Obama and Vice President Joseph Biden have been criminally indicted for having willfully released classified national security information concerning the raid on Osama bin Laden’s compound, U.S. and Israeli war plans concerning Iran and their cyber-attack on Iran’s nuclear facilities.  The release of this information, among other harm to U.S. national security, resulted in the killing of members of Seal Team Six by terrorists and the arrest and imprisonment of American covert agents by Pakistan, such as the doctor who aided the CIA with regard to the bin Laden assassination. U.S.-Israeli war plans with Iran have also been compromised.
A true bill of indictment was issued by a Citizens’ Grand Jury in Ocala, Florida, who reviewed evidence and voted unanimously to indict Obama and Biden at 6:02 pm on October 29, 2012.
The authority for a Citizens’ Grand Jury can be found at www.citizensgrandjury.com.
The criminal defendants, Obama and Biden, will now be given notice of their indictment, arraigned and then tried for their alleged crimes.
Mr. Klayman, the Citizens’ Prosecutor, issued the following statement: “The Citizens’ Grand Jury, after having deliberated, yesterday issued a true bill of indictment.  See www.citizensgrandjury.com  It did the work that the government should have done, but does not have the integrity to do; that is hold these public officials accountable under the law.  For far too long, government prosecutors, who are put in place by politicians, have looked the other way as high public officials like Obama and Biden violate the law to further their political agendas.  Now, as a result, the people must therefore exercise the rights given to them by the framers of the Constitution, and themselves take legitimate measures to restore the nation to some semblance of legality.  This indictment (see www.citizensgrandjury.com) of Obama and Biden is just the first step in a legal revolution to reclaim the nation from establishment politicians, government officials and judges who have represented only their own political and other interests at the expense of ‘We the People.’  Obama and Biden will now be tried in a court of law and I am confident that they will be convicted of these alleged crimes.”
For information see www.citizensgrandjury.com or contact Adrienne Mazzone:  561-750-9800 x210; amazzone@transmediagroup.com
Entry #164

CIA Agents Confirm Obama Told Them Not To Aid Ambassador Chris Stevens – The White House Disinformat

CIA Agents Confirm Obama Told Them Not To Aid Ambassador Chris Stevens – The White House Disinformation Campaign on Libya
Monday, October 29, 2012 18:30

 

UPDATE 4.: TheBlazeTV – The Glenn Beck Program – Libya–The Real Story

 

UPDATE 3.: SEAL’s father Charles Woods on Hannity: WH officials “murdered” my son…

The father of a former Navy SEAL killed in the Libya terror attack last month said Friday that U.S. officials who denied a request for help while the diplomatic compound in Benghazi was under attack “are murderers of my son.” Charles Woods was reacting to accounts by Fox News sources that a request from the CIA annex for backup was denied by U.S. officials. His son, Tyrone Woods, was killed in the Sept. 11 assault.

“They refused to pull the trigger,” Woods said. “Those people who made the decision and who knew about the decision and lied about it are murderers of my son.” Woods said he forgives whoever denied the apparent request, but he urged them to “stand up.” Sources also said Tyrone Woods and others, who were at the CIA annex about a mile from the U.S. consulate, ignored orders by their superiors to stand down and not go to the consulate to help. Woods went to the consulate, and hours later he was killed back at the annex. Charles Woods said his son’s action “does not surprise me.” “I wish that the leadership in the White House had the same level of moral courage and heroism that my son displayed,” he said.

 


UPDATE 2.: BREAKING NEWS!!! Obama a Hitman or Terrorist Arms Dealer??? Why He Hid the Truth of Benghazi…

Published on Oct 29, 2012

Was Obama finished with our Ambassador to Libya where the Arms Trading was concerned???? Did he believe Chris Stevens was going to go public with what he knew about this administrations illegal trading of weapons to the enemy??? Was this like the dreadful murderous colladeral damage of ‘Fast and Furious’ ???

The Turkish leader left the meeting he was having with our Ambassador 1 hour before the attack without being touched, while the building was being watched by the attackers, according to the reports coming from onsite officials at the time, to the white house and to the internet.

The whitehouse WATCHED THE ATTACK on Benghazi go down, via drone recon. They were told as it went down it was a terrorist attack and while it happened THE WHITEHOUSE WATCHED OUR PEOPLE DIE FROM THE SITUATION ROOM!!! And then lied about it!!!

Hillary Clinton said the buck stopped with her, taking the fall after the lies were being outted and blame had to be placed. I have always said,it is a deadly dangerous business to be one of Hillary Clinton’s ‘friends!!!’ Any ‘friend’ of hers involved with the Whitewater Scandal could tell you that, if any of them were alive today! Every last one of them, even the ones who went to prison, died mysteriously! Remember Vincent Foster… Foster’s death became part of a broad investigation of President and Hillary Rodham Clinton’s financial dealings in Arkansas when Whitewater records were discovered to have been in his office six months after his death. He was found sitting up – dead – in Virginia State Park. Some theorized he died elsewhere, was wrapped in a carpet and brought to the park. Strangely, his death was ruled a suicide.

I said it on the day this took place, and I will say it again. This is a false flag. It had nothing to do with a 13 minute Youtube video. But for the public to know who the terrorist was who did it, would point the finger at the person who sold the terrorist the weapons to do it with!!! And that would be inconvenient just now. As he is trying to win a presidential election!

 


UPDATE 1.: CIA agents confirm Obama told them not to Aid Ambassador Chris Stevens

 

 

Published on Oct 29, 2012

CIA operatives have now confirmed that they were told by the Obama Administration to hold back and not come to the rescue of Ambassador Chris Stevens or the other 3 USA officials butchered in Benghazi Sept 11,2012.rescue

 

 


John Christopher Stevens was an American diplomat and lawyer who served as the U.S. Ambassador to Libya from June 2012 to September 11, 2012.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

After American diplomatic facilities in Libya came under sustained assault by militia forces, the Obama administration – including the president and Secretary of State themselves – spent days insisting that the attacks were a spontaneous reaction to an obscure YouTube video that insulted the Muslim prophet Muhammed.

The intelligence community was incensed at what some called a “cover up” of the administration’s mishandling of the situation.

As more information trickled out, the administration was eventually forced to admit that the attacks that claimed the lives of Amb. Chris Stevens and three other Americans were acts of terrorism. But the “cover up” hasn’t stopped there. Information continues to emerge suggesting poor preparation for the anniverary of the September 11 terrorist attacks, and potential disregard for the safety of personnel there. Stevens requested a prolonged stay for a 16-member security detail there, for instance, but that request was denied.

The Obama administration owes the American people a full, honest explanation for its actions in Libya. Its rhetoric does not match reality, as Heritage’s new video indisputably shows.

An Incriminating Timeline: Obama Administration and Libya

The latest incriminating information on the U.S. consulate attack in Benghazi, Libya indicates that the State Department turned down a request for additional security from concerned U.S. embassy staff.

New evidence shows there were security threats in Libya in the months prior to the deadly September 11 attack that killed U.S. Ambassador Christopher Stevens and three other Americans. Despite these threats, the State Department left its personnel there to fend for themselves.

And when the terrorist attack did take place, the Obama Administration peddled the ridiculous story that an offensive, amateurish, anti-Islam YouTube video was to blame in order to avoid characterizing the murders of four Americans as terrorism.

On October 2, a letter was sent to Secretary of State Hillary Clinton from House Oversight and Government Reform Committee Chairman Darrell Issa (R–CA) and Jason Chaffetz (R–UT), Chairman of the National Security, Homeland Defense and Foreign Operations Subcommittee. The letter detailed 13 known security threats against U.S. facilities in Libya in the six months prior to September 11.

On October 10, the committee will hold a hearing on events in Libya and seek answers from the State Department. Also on October 10, The Heritage Foundation will host a public panel discussion on the events in Libya titled, “Intelligence and Security Failure: Attacks in Benghazi and Across the Middle East Reveal Ongoing Threat of Terrorism.”

To help our readers follow the path to tragedy on September 11 and its aftermath, below is a chronology of key events:

April 6: IED thrown over the fence of the U.S. Consulate in Benghazi…

Entry #163

Please Help! Admiral Gaouette and General Ham !! Please Read ( Urgent Forword ASAP)

Please Help! Admiral Gaouette and General Ham !! Please Read
Monday, October 29, 2012 17:26
 

I dont know how many of you have been keeping up with the news about Admiral Gaouette and General Ham but here is the long and short of it. General Ham has stated publicly that he NEVER recieved an order from anyone to assist those in Benghazi, Libya even though the President states that that was his order . Here is a link to the video. Please read the entire article if you have not already.  http://frontpagemag.com/2012/dgreenfield/benghazigate-general-ham-no-order-to-protect-consulate-video/

The story continues where General Ham was told to stand down here–> http://dyn.politico.com/members/forums/thread.cfm?catid=2&subcatid=7&threadid=7179985

“The information I heard today was that General [Carter] Ham as head of Africom received the same e-mails the White House received requesting help/support as the attack was taking place. General Ham immediately had a rapid response unit ready and communicated to the Pentagon that he had a unit ready.

General Ham then received the order to stand down. His response was to screw it, he was going to help anyhow. Within 30 seconds to a minute after making the move to respond, his second in command apprehended General Ham and told him that he was now relieved of his command.”

Admiral Gaouette was going to assist General Ham. Both  Admiral Gaouette and General Ham have been relieved of duty.

THE PROBLEM. These men can NEVER talk about what happened unless you help. Imagine you have worked your entire life to provide for your family and if YOU talked you would loose your pension, your retirement, your medical benefits FOR YOUR ENTIRE FAMILY. Would YOU talk? There is only one way in my opinion to help these men to feel able to talk and that is for someone, probably a lawyer, to set up donation funds for these men so that after everything is all over they still have a way to provide for their families. I dont know how to do this legally. Many people have set up these types of things on YOUTUBE but they did it for themselves. Doing this for someone else that you do not know takes a type of legal knowledge that I dont have.

If you EVER want to know the TRUTH about Benghazi these men need to feel comfortable talking. If they feel as if their family will be destitute they wont. It’s only my opinion but we need to help these brave men.

TO ALL MEDIA OUTLETS AROUND THE WORLD. Please feel free to repost that which is written here in it’s entirety at any time anywhere.

PLEASE VISIT AND SIGN THIS PETITION    http://www.change.org/petitions/mr-speaker-of-the-house-call-gen-carter-ham-and-adm-charles-gaouette-to-testify-to-what-happened-in-benghazi-on-9-11-12

Entry #162

Rogue U.S. General Arrested for Activating Special Forces Teams; Ignoring Libya Stand-Down Order

Rogue U.S. General Arrested for Activating Special Forces Teams; Ignoring Libya Stand-Down Order
Monday, October 29, 2012 7:33
 

The official story surrounding the events of September 11, 2012 in Benghazi, Libya which left four Americans dead, has now officially fallen apart.

 

After numerous flips and flops by the Obama administration, which originally attempted to paint the incident as a Muslim outcry over an anti-Islamic video, whistle blowers throughout the U.S. government, including within the White House, the State Department, national intelligence agencies and the U.S.military have made available stunning details that suggest not only did operational commanders have live visual and audio communications from drones overhead and intelligence assets on the ground, but that some commanders within the military were prepared to go-it-alone after being told to “stand down.”

Africom commanding officer U.S. General Carter Ham, after being ordered to essentially surrender control of the situation to alleged Al Queda terrorists and let Americans on the ground die, made the unilateral decision to ignore orders from the Secretary of Defense and activated special operations teams at his disposal for immediate deployment to the area.

According to reports, once the General went rogue he was arrested within minutes by his second in command and relieved of duty.

“(The) basic principle is that you don’t deploy forces into harm’s way without knowing what’s going on; without having some real-time information about what’s taking place,” Panetta told Pentagon reporters. “And as a result of not having that kind of information, the commander who was on the ground in that area, Gen. Ham, Gen. Dempsey and I felt very strongly that we could not put forces at risk in that situation.”

The information I heard today was that General Ham as head of Africom received the same e-mails the White House received requesting help/support as the attack was taking place. General Ham immediately had a rapid response unit ready and communicated to the Pentagon that he had a unit ready.

General Ham then received the order to stand down. His response was to screw it, he was going to help anyhow. Within 30 seconds to a minute after making the move to respond, his second in command apprehended General Ham and told him that he was now relieved of his command.

The question now is whether the American people will hold to account the chain of command responsible for leaving our people behind, fabricating a politically expedient story, and continuing to sell the now defunct lie(s) even after all of their variations of the story were found to be false and misleading.

A General who made the decision to assist diplomatic and intelligence assets on the ground has been arrested and will likely be retired or worse, while those who ordered the removal of embassy security details and ordered U.S. forces to stand-down are left to go on about their business and likely risk more American lives in the future.

In some circles the actions of those at the very top of the command structure during the Bengzahi attacks would be considered traitorous.

Delivered by The Daily Sheeple


Contributed by M. Frank Drover of The Daily Sheeple.

M. Frank Drover is a co-editor and contributor for The Daily Sheeple, an alternative media hub for leading headlines, head lies, opinion, and commentary. Wake the flock up!

This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.TheDailySheeple.com.

Entry #161

Beyond Impeachment: Obama Treasonous over Benghazi ( PLEASE FORWORD )

Beyond Impeachment: Obama Treasonous over Benghazi ( PLEASE FORWORD )

October 29, 2012 - 12:01 am - by Roger L Simon
 

Is it treason when you put your own reelection above the good of your country and the lives of its citizens? If so, Barack Obama committed treason in leaving the four Americans to die in Benghazi.

Our Constitution defines it this way: “Treason against the United States, shall consist only in levying War against them, or in adhering to their Enemies, giving them Aid and Comfort.”

Aid and comfort to the enemy — what is that?

When you ascribe an action to the protest of a video when it is actuality a planned terror attack by Ansar al-Shariah, an established offshoot of al-Qaeda (if that’s not your “enemy,” then who) — and you knew that all along, you watched it live without doing anything, and then you told those who wanted to help to “stand down”? Meanwhile, our government may have been conspiring to arm another offshoot of al-Qaeda in Syria.

How much more treasonous can you get? Benedict Arnold was a piker.

Indeed, the discussion of Benghazi has just begun. And don’t be surprised if the conversation escalates from impeachment to treason very quickly. In fact, if Obama wins reelection you can bet on it. The cries of treason will be unstoppable. Not even if the mainstream media will be able to deny them.

As Pat Caddell noted, those same media lapdogs have muzzled themselves in an unprecedented manner in this matter, but our Canadian friends at least have some semblance of honor left, writing:

It is undoubtedly worse than Obama simply turned his back on cornered American citizens in a foreign land, knowing undoubtedly they would die. But that Barack did so without any compelling reason—except political—is beyond evil. Only a moral monster would have made that decision when it was within his powers to possibly save them with almost no effort of his own.

Moral monster? Those are extreme words but they fit an extreme situation and are appropriate to the use of the t-word. But it’s worse. Many now are trying to figure out the motivation for this behavior — beyond the obvious electoral whoring mentioned above, the need to be seen in a certain manner at a certain moment to be sure the Ohio vote doesn’t fall the wrong way.

But is there more than that? Is the treason yet greater? Were Obama and others covering up more than their ineptitude? Just what was Ambassador Stevens doing in Benghazi that day? Why had he left the Libyan capital to meet with the Turkish ambassador on the anniversary of September 11?

Rumors abound. According to Admiral Lyons writing in the Washington Times,

…one of Stevens’ main missions in Libya was to facilitate the transfer of much of Gadhafi’s military equipment, including the deadly SA-7 – portable SAMs – to Islamists and other al Qaeda-affiliated groups fighting the Assad Regime in Syria. In an excellent article, Aaron Klein states that Stevens routinely used our Benghazi consulate (mission) to coordinate the Turkish, Saudi Arabian and Qatari governments’ support for insurgencies throughout the Middle East. Further, according to Egyptian security sources, Stevens played a “central role in recruiting Islamic jihadists to fight the Assad Regime in Syria.”

Lyons adds, citing a Clare Lopez article at RadicalIslam.org,

…that there were two large warehouse-type buildings associated with our Benghazi mission. During the terrorist attack, the warehouses were probably looted. We do not know what was there and if it was being administrated by our two former Navy SEALs and the CIA operatives who were in Benghazi. Nonetheless, the equipment was going to hardline jihadis.

Do we know that for sure? I certainly don’t, although on the face of it sounds like a “Fast & Furious” scandal on a global scale with extraordinary geopolitical implications. But I imagine there are those who do know the truth, or a lot of it, considering the events were being watched in real time.

None of this, of course, exonerates our government in not giving support to our four now dead men in the field.

Many questions remain to be answered — some of which are listed here. But I do not think I am being excessive in raising the treason accusation. I would be pleased to withdraw it if proven wrong.

 

 

Entry #160

The Benghazi Story Refuses To Die, And It's Hurting The President

The Benghazi Story Refuses To Die, And It’s Hurting The President

We still don’t know exactly what happened between the Pentagon, the State Department, the CIA and the White House as Americans in Libya requested support for Ambassador Stevens and his team in their final hours, and we almost certainly won’t before the election.

But that doesn’t do the administration much good. As various departments and officials leak to save their careers and retaliate against rivals, grenades keep getting lobbed and emails and memos keep getting leaked. The result is that the attack in Benghazi isn’t fading out of the news. As the last undecided voters make up their minds, the media outlets following this story with the greatest attention keep getting enough ammunition to keep the story alive and force the rest of the media to acknowledge the story, and that doesn’t help a White House simultaneously wrestling with a close election and a massive mutant storm hurtling at the East Coast.

President Obama took office vowing to calm the seas and cool the earth; he is running for re-election in a world gone wild. What the White House wants and needs from Libya is no news at all; it needs for the people there to be quietly minding their business and rebuilding their land. It doesn’t need armed bands and pitched battles and massive assaults on American officials and posts in the city it intervened to save.

The drip drip drip of new revelations, however, is the worst kind of news. Even though many of the new stories are minor, and some contain information that is actively helpful to the White House, anything that keeps this story alive makes the President’s re-election just a little bit tougher.

Incumbents have two ways to use the foreign scene in a campaign. They can talk about a world of serenity and calm, as Bill Clinton did in 1996. Or they can argue that in a world of tumult and upheaval, the experienced hand is the wisest choice: that is what Franklin Roosevelt did to win an unprecedented third term in 1940.

President Obama based his campaign on his success in calming the troubled waters overseas. He is liquidating wars, not starting them. He is cooling the hot anger in the Islamic world. He is promoting peace, reconciling adversaries, giving peace a chance.

He could have run as a safe pair of hands in a scary world. He could have said that the terrorists are out their, plotting against us night and day. That our enemies are trying to win over the masses to launch a new clash of civilizations. That the situation in Iran presents the United States with its biggest challenge since the fall of the Soviet Union. In that kind of world, who can you trust? Obviously, the campaign could have said, an experienced man, tough enough to kill bin Laden, but deft enough to reach out to moderates in the Middle East. No gaffe-prone challenger would be safe in these troubled times.

But the Obama administration believes that civilianizing American political discourse is necessary for Democrats to do well over the long haul, and to shift resources from the defense budget to domestic priorities. Talk of threats and terrorist enemies appalls and disheartens the Democratic base. The President therefore decided to run as the man who built peace and, if given four more years, would build that much more.

He therefore needs for the world to look calm. Anything that undercuts that narrative undercuts his campaign. This is the most important problem Benghazi creates for him: it suggests a genuinely poisonous alternative narrative that the President in his naive eagerness to spread democracy and build bridges to moderates opened the door to radicals and then failed to deal with the threat they posed.

The rise of this alternative perception is probably why the President has been losing his advantage on foreign policy in the post-debate polls. The MSM has not pursued the Benghazi story with anything like the single minded pack journalism feeding frenzy that would undoubtedly have taken place if something comparable had happened, say, in October 2004; nevertheless there has been just enough real news (and Fox and the blogosphere have just enough impact) to keep the story in public view.

President Obama needs Benghazi to go away. Even with hurricanes and tsunamis it appears unlikely to do so; count this as another factor that has risen up to complicate what once looked like a relatively smooth campaign to renew President Obama’s White House lease.

Entry #159

Obama Fires Top Admiral For Advocating Libyan Rescue?

Obama Fires Top Admiral For Advocating Libyan Rescue?
Monday, October 29, 2012 8:50

 

 
 
 
According to this report, yesterday (27 October) Obama ordered the immediate removal of Rear Admiral Charles M. Gaouette from his command of the powerful Carrier Strike Group Three (CSG-3) currently located in the Middle East.
CSG-3 is one of five US Navy carrier strike groups currently assigned to the US Pacific Fleet. US Navy carrier strike groups are employed in a variety of roles, which involve gaining and maintaining sea control and projecting power ashore, as well as projecting naval airpower ashore.
The aircraft carrier USS John C. Stennis (CVN-74) is the strike group’s current flagship, and as of 2012, other units assigned to Carrier Strike Group Three include Carrier Air Wing Nine; the guided-missile cruisers USS Mobile Bay (CG-53) and USS Antietam (CG-54); and the ships of Destroyer Squadron 21, the guided-missile destroyers USS Wayne E. Meyer (DDG-108), USS Dewey (DDG-105), USS Kidd (DDG-100), and USS Milius (DDG-69).
US news reports on Obama’s unprecedented firing of a powerful US Navy Commander during wartime state that Admiral Gaouette’s removal was for   “allegations of inappropriate leadership judgment” that arose during the strike group’s deployment to the Middle East. 
This GRU report, however, states that Admiral Gaouette’s firing by President Obama was due to this strike force commander disobeying orders when he ordered his forces on 11 September to “assist and provide intelligence for” American military forces ordered into action by US Army General Carter Ham, who was then the commander of the United States Africa Command (AFRICOM), against terrorist forces attacking the American Consulate in Benghazi, Libya.
General Ham had been in command of the initial 2011 US-NATO military intervention in Libya who, like Admiral Gaouette, was fired by Obama. And as we can, in part, read from US military insider accounts of this growing internal conflict between the White House and US Military leaders:
“The information I heard today was that General [Carter] Ham as head of Africom received the same e-mails the White House received requesting help/support as the attack was taking place. General Ham immediately had a rapid response unit ready and communicated to the Pentagon that he had a unit ready.
General Ham then received the order to stand down. His response was to screw it, he was going to help anyhow. Within 30 seconds to a minute after making the move to respond, his second in command apprehended General Ham and told him that he was now relieved of his command.”
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Entry #158

He (BO) Ordered The Stand Down. The CIA Is A Family & They Are Pissed Off. They Followed Orders.'

He (BO) Ordered The Stand Down. The CIA Is A Family & They Are Pissed Off. They Followed Orders.’

Sunday, October 28, 2012 9:38
 


From: anonymous Sent: Sunday, October 28, 2012 9:00 AM To: John Rolls Subject: Re: He ordered the Stand Down. The CIA is a family and they are Pissed Off. They followed orders.
 
John, I live in Vienna Va. Also known as CIAville. I belong to a Our Lady of Good Council. One former member of our Parish
is in jail for selling secrets to the Soviet Union. There is a huge CIA complex just around the corner from our church. It seems like
every other member of our Parish is CIA!
Last night I DJ’d the annual Halloween Party for the OLGC Men’s Club. One of our members worked in the CIA from 1980-2002.
He worked closely with the White house. President Obama knew of the attack in Beghazi within 30 minutes. He ordered the
Stand Down. The CIA is a family and they are Pissed Off. They followed orders.
Entry #157

Average U.S. Citizen Is Clueless Regarding The Desperate Shape The Country Is In! Are You?

Average U.S. Citizen Is Clueless Regarding The Desperate Shape The Country Is In! Are You?
Thursday, October 25, 2012 8:34
 

Lorimer Wilson / Munknee.com

The corrosive nature of politics and government has destroyed the economy and the moral fiber of citizens. These issues are not insurmountable, but they are very close to being so. Their ramifications are potentially existential in nature: the average length of life, the very time span or cycle of a nation has been proven in history to be approximately 250 years. Since the USA was born in 1776 this says we have about 14 years of life remaining for America. The way things are going we don’t doubt it. [Let me explain.]

So says Monty Pelerin (www.economicnoise.com) in edited excerpts from his original article entitled Approaching The Terminal Point.

Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!), has edited the article below for length and clarity – see Editor’s Note at the bottom of the page. This paragraph must be included in any article re-posting to avoid copyright infringement.

Pelerin goes on to say, in part:

Two events are racing at us — an important (possibly existential) election and a fiscal cliff

The Fiscal Cliff is Overrated

Under normal conditions politicians always raise the debt limit. After going through a political dance, they will do what they always do. Whether they actually comply with spending restrictions is another issue. Compounding the so-called fiscal cliff issue is the tenuous condition of the country’s finances. The fiscal cliff will not kill the country although the country is dying. Markets, at their choosing, will determine when they have had enough and terminate the charade.

The Election Outcome Compounds the Fiscal Cliff Problem

…especially if the election is close. Imagine the Bush-Gore fiasco in Florida spread across multiple states. That could paralyze politics to the point that Congress is unable to act in their typically efficient manner (a joke for those not paying attention), requiring cutbacks in government services. Even under this condition, it is nearly certain that Congress will ensure spending continues. After all, that is what they live for, and neither party wants to be responsible for Social Security checks not going out.

While these are the crises getting attention in the media, they are child’s play compared to the real dangers. Kitco lists:

Seven things make it very different this time:

  1. the USA is in a major unacknowledged depression,
  2. the entire Middle East is unraveling in violence, chaos and revolution; simultaneously,
  3. global bond markets are on the verge of collapse in a destruction of worldwide credit,
  4. the American president and his administration have taken unusual (some would say unlawful) control of the USA courts and legislative system, lending and borrowing beyond the scope of reason,
  5. an American electorate is on the verge of economic disaster with joblessness at 25% and growing worse,
  6. states within the union are voting themselves sovereign status enabling them to move on politically in the face of an American dissolution and
  7. the central bankers, market manipulators, market controllers and crooked politicians jockey for control while destroying their opponents.

The fiscal cliff and the political games will create a furor if they occur, but they are not terminal events. They are side issues to the real problems, symptoms of deeper and more malignant diseases. Traditional media does not cover these, possibly because they don’t understand their importance. Hence, the average citizen is clueless regarding the desperate shape the country is in.

Our condition occurs as a result of politics and government. Kitco explains what political pandering has done to the country:

What is really comes down to is this:

  • the more than 50% of Americans receiving some kind of government check for something prefer to vote for the candidate that will continue to hand out the goodies. They could care less who pays for it or whether state and national budgets are balanced…ever,
  • many of these “voters” don’t even care who dies in a war as long “their” side is the winner and retains the ultimate power. Desire is for bread and entertainment today. Who cares about tomorrow?

The corrosive nature of politics and government has destroyed the economy and the moral fiber of citizens. These issues are not insurmountable, but they are very close to being so. Their ramifications are potentially existential in nature: the average length of life, the very time span or cycle of a nation has been proven in history to be approximately 250 years. Since the USA was born in 1776 this says we have about 14 years of life remaining for America. The way things are going we don’t doubt it.

At this point only the ignorant are not scared. Most businesses and investors know that things are awry. They may not understand the existential nature of the problem, but they are unwilling to take risks. That is why our economy languishes and every government intervention makes the problem worse rather than better. We live in interesting, and perhaps apocalyptic, times.

 

*Source of original article: http://www.economicnoise.com (http://s.tt/1qL5w)

Editor’s Note: The above post may have been edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original

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Entry #156

Were Finished!! Bond Market Crash Is Inevitable And Hyperinflation Will Happen

Were Finished!! Bond Market Crash Is Inevitable And Hyperinflation Will Happen: Hyperinflation Happens When Government Debt Is Over 80% Of GNP & The Deficit Is Over 40% Of Government Spending. The US Is At Or Near These Numbers.
Friday, October 26, 2012 16:25
 

Frequently Asked Questions on Hyperinflation

The following are frequently asked questions or objections common among hyperinflation skeptics. The statements or questions in bold below are things hyperinflation skeptics say and my responses follow.

How is hyperinflation defined?

The International Accounting Standard of IAS 29 says there is hyperinflation when “the cumulative inflation rate over three years approaches, or exceeds, 100%.” This works out to 26% per year. There are many other definitions for hyperinflation but they almost all have something like “inflation over X per year” or “inflation over Y per month.” People pick some level of price inflation as the cutoff between regular inflation and hyperinflation. It is just the values for X or Y that differ. Note that hyperinflation is not defined in terms of the moneysupply alone, since the velocity of money and GNP are also key factors in the price level during hyperinflation. Hyperinflation is a process, a positive feedback loop, that once entered is very hard to get out of. This process can go on for years.

Is there a real chance the US dollar could get hyperinflation?

Hyperinflation happens when government debt is over 80% of GNP and the deficit is over 40% of government spending. The US is at or near these numbers, so the danger of hyperinflation is real. What happens is that the more the central bank prints money and buys bonds the less other people want to hold bonds. But the less other people hold bonds, the more the central bank has to buy them so the government has enough money to spend. You get a positive feedback loop or death spiral.

The government or central bank would never decide to have hyperinflation.

In over 100 cases of hyperinflation I don’t believe there has ever been a single “decision to have hyperinflation”. Hyperinflation is when things get out of control. It is not something central banks or government voted on. No group in government or a central bank has had a show of hands like “all in favor of hyperinflation raise your hands”. Not the way hyperinflation happens. Hyperinflation is a market response to government debt over 80% of GNP and deficit over 40% of spending when the central bank starts printing money and buying up government debt. Everyone thinks they just need to print a bit more money to make it through the next week or month and there is nothing else they can do since the government needs money to keep in operation. Nobody votes for hyperinflation. Nobody wants it. It just happens.

Why would the Fed suddenly print trillions of dollars?

There can be a panic to get out of bonds. There may be $3 trillion in bonds coming due in the next 12 months that might not get rolled over if people started not trusting bonds (I am trying to nail down how much short term the public holds, separate from the Fed and Social Security). There is also the “excess reserves” of around $2 trillion that are earning interest, much like government bonds really. The current deficit of around $1 trillion would also have to be financed with new money if nobody but the Fed was buying bonds. Altogether this would be something like $6 trillion over 12 months.

Hyperinflation would never happen in America!

There were cases of hyperinflation in America’s colonial period. There was hyperinflation during the Revolutionary War. Remember, “not worth a Continental”? There was hyperinflation in the South during the Civil War. I also think that if the US had not made it illegal to own gold in 1933 that the Fed would have gone bankrupt, because they did not really have enough gold to back all of the notes they had issued, and that paper money would have become worthless then too. Hyperinflation is more common than most people realize. The time periods from the Revolutionary War hyperinflation, to the Civil War hyperinflation, to the 1930s currency crisis, to now, are all similar. To me this looks like some major currency crisis cycle is about due.

Jim Rogers goes Short US Treasuries, talks JP Morgan Silver, and a Boom in North Korea!

Entry #155