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Bernanke’s Warning: We Stand on the Precipice of Economic Destruction

Posted in InfoWars Articles on April 13, 2012 by toptruth
Kurt Nimmo

Infowars.com
April 12, 2012

Earlier this week, Federal Reserve boss Ben Bernanke again warned that out of control borrowing and spending will eventually destroy the country.

Said Ben to the the Budget Committee:

Sustained high rates of government borrowing would both drain funds away from private investment and increase our debt to foreigners, with adverse long-run effects on U.S. output, incomes, and standards of living. Moreover, diminishing investor confidence that deficits will be brought under control would ultimately lead to sharply rising interest rates on government debt and, potentially, to broader financial turmoil. In a vicious circle, high and rising interest rates would cause debt-service payments on the federal debt to grow even faster, resulting in further increases in the debt-to-GDP ratio and making fiscal adjustment all the more difficult.

But here is something Bernanke didn’t mention – a large chunk of that debt is owed to the Federal Reserve. In February, the corporate media fessed up to this undeniable fact. FromCNBC:

That’s right, the biggest single holder of U.S. government debt is inside the United States and includes the Federal Reserve system and other intragovernmental holdings. Of this number, The Fed’s system of banks owns approximately $1.65 trillion in U.S. Treasury securities (as of January 2012), while other U.S. intragovernmental holdings – which include large funds such as the Medicare Trust Fund and the Social Security Trust Fund – hold the rest.

The bankers that own the Federal Reserve love debt and that’s why they continually expand the money supply.

“Without the Fed’s relentless expansion of the money supply during both the Greenspan and Bernanke eras, the U.S. Treasury never would have been able to issue the staggering sums of debt that now threaten our economic well being,” Ron Paul told the House Committee on Financial Services Subcommittee on Domestic Monetary Policy last year. “This Treasury debt is the very lifeblood of deficit spending, permitting one Congress after another to spend far more than the Treasury collects in taxes. It is precisely this unholy alliance between the enabling Fed and a spendthrift Congress that I hope our witnesses will address today.”

It’s a great situation for the warheads in the Pentagon and the military industrial complex. Excluding Social Security and other “trust funds” (no pun intended), the Pentagon spends most of this money. Flush with trillions, they are free to continue and expand the wars necessary for the globalists to extend their reach (as they are now doing in Africa).

The debt wrecking ball is doing a fine job of destroying the middle class and making sure America becomes another third world cesspool like Mexico and eventually sub-Sahara Africa. As of last year, the debt officially exceeded 100% of the nation’s gross domestic product, in other words the debt is now as big as everything we produce in America.

In order to pay off this staggering debt, the Federal Reserve will print more money out of thin air and expand the money supply which will lead to more inflation that will whittle away at the middle class and the living standards of all Americans.

“Greece, and more precisely Italy and Spain, are our ghosts of the future past. The Fed will print more money. That’s what they do. They work for the banks,” Capital Waves StrategistShah Gilani told Business Insider in January.

The Greek dilemma is coming to America. The debt owed by Greece was 160% of that country’s GDP last August and the average yield on Greek debt was around 15%. “Thus, if Greece’s debt is rolled over without restructuring, its interest costs alone will amount to approximately 24% of GDP. In other words, if debt pardoning does not occur, nearly a quarter of Greece’s economic output will be gobbled up by interest repayments,” writes Puru Saxenafor 321 Gold.

In August, Ron Paul introduced HR 2768, legislation designed to cancel $1.6 trillion in debt. “I would say that is not a real debt. It’s a fictitious debt. It’s a dishonest debt, and that we’re not obligated,” he said.

HR 2768 disappeared into the maw of a congressional committee and will likely never be seen again. A previous bill introduced by Ron Paul, Audit the Fed, was severely adulterated under pressure exacted by the Federal Reserve and the Obama administration. In June of 2010, the bill failed by a vote of 229-198.

Bernanke’s remarks earlier this week serve as a warning of things to come. His “fiscal adjustments” (i.e., tax increases and the entire palette of IMF styled austerity) will indeed “come as a rapid and painful response to a looming or actual fiscal crisis,” one designed by a cartel of international bankers who specialize in the destruction of nations, fire sales, and wholesale misery.

Ron Paul offered an escape hatch, but it was shuffled off to the oblivion of a congressional committee.

Soon enough, we will suffer the result.

Angelina Jolie Shills for Globalist Plan in Africa at ICC Trial

Posted in InfoWars Articles on March 15, 2012 by toptruth

Kurt Nimmo

for InfoWars.com, March 14, 2012

Hollywood darling Angelina Jolie – “Goodwill Ambassador” for the United Nations High Commissioner for Refugees and CFR member – was on hand to witness the conviction of Thomas Lubanga at the International Criminal Court in the Hague.

Judges found Lubanga guilty of kidnaping children and using them as soldiers for his Union of Congolese Patriots. He recruited the kids to fight in an ethnic conflict situated in the Ituri region of eastern Congo.

“This is their day — where these children will feel there is no impunity for what happened to them, for what they suffered,” said Jolie.

Jolie and the ICC might now turn their attention to the reasons why the Democratic Republic of Congo is one of the world’s worst hell-holes and maybe prevent a repeat of the situation.

Congo has one of the highest mortality rates in the world. It stands at 38,000 per month for a nation of 64 million people, or 1.5 per 1000 per month. As Rahul Mahajan noted in 2006, this rate dwarfed Iraq’s mortality rate of 5 per 1,000 people during the height of sanctions imposed by the United Nations and enforced by the United States. Over half the deaths in Congo are due to malnutrition, malaria, diarrhea, and easily treated respiratory infections.

“At 450,000 excess dead per year, this constitutes one of the gravest humanitarian crises in the world. Unfortunately, it gets virtually no attention,” writes Mahajan.

The globalists and their transnational corporations have benefited handsomely from the destabilization of Congo and its “First World War,” an especially brutal civil war that involved Rwanda, Burundi, Uganda, Angola, Namibia, Chad, Sudan, and Libya and ultimately claimed the lives of 3.3 million people.

Following the overthrow of the kleptocrat Mobutu Sese Seko in 1997, the globalists enriched themselves on the plunder carried out by Uganda and Rwanda in eastern Congo. They were primarily interested in coltan, an ore producing tantalum, a key element used in cell phones.

The Anglo American mining conglomerate entered into a relationship with the fanatical Nationalist and Integrationist Front, an armed group that controls much of the gold mining in the Ituri district, the same area where Thomas Lubanga operated with his children soldiers.

Prior to the rise of transnational corporate imperialism, Belgium’s King Leopold ran the Congo as a slavery and forced labor plantation and managed to kill around 10 million Africans. Following independence, the CIA had the country’s first democratically elected leader, Patrice Lumumba, abducted and killed.

  • A D V E R T I S E M E N T

Under Mobutu, the U.S. provided lavish military and financial support to Congo, renamed Zaire by Mobutu. “From 1965 to 1991, Zaire received more than $1.5 billion in U.S. economic and military aid. In return, U.S. multinationals increased their share of the ownership of Zaire’s fabulous mineral wealth,” writes Ellen Ray for Covert Action Quarterly.

Angelina Jolie has decided to fund the “Lubanga Chronicles,” described as a public information campaign by the Democratic Republic of Congo.

The Jolie-Pitt Foundation funds the Aegis Trust, the NGO that produces the Lubanga Chronicles. Aegis Trust is also funded by the Annenberg Foundation and the European Commission.

Jolie is another celebrity added to the roster to lend legitimacy and draw attention to the supposed “humanitarian” missions of the United Nations and its affiliated and globalist sponsored NGOs. The UN has admitted it is responsible for much of the misery in Africa, especially in regard to Rwanda where around a million Africans died. The United States was behind the effort to discourage an effective UN response to the genocide.

The conviction of Thomas Lubanga will be used as a propaganda centerpiece in the globalist effort to move into mineral rich Africa. Obama’s teleprompter recited concern with the brutality of the Lord’s Resistance Army and its presumed and long missing leader, Joseph Kony, is hypocrisy on steroids, as John Pilger has explained.

The violence attributed to the CIA contracted group pales in comparison to the “multiple atrocities administered by the United States, such as the bloodbath in the 1960s following the CIA-arranged murder of Patrice Lumumba, the Congolese independence leader and first legally elected prime minister, and the CIA coup that installed Mobutu Sese Seko, regarded as Africa’s most venal tyrant,” writes Pilger.

As we noted on March 13, Congress is in the process of introducing legislation designed to get the U.S. military even more involved in Africa.

“I am hopeful that we can use this momentum as a force for change. We must do all that we can to protect innocent civilians — especially children — and end LRA violence once and for all,” the bipartisan resolution’s sponsor, Rep. Jim McGovern, said in a statement.

The U.S. intervention in Africa at the behest of international bankers and transnational corporations has nothing to do with saving children. It is about stealing natural resources and extending the “grand imperatives of imperial geostrategy,” including an effort to “prevent collusion and maintain security dependence among the vassals, to keep tributaries pliant and protected, and to keep the barbarians from coming together,” as top globalist minion and Rockefeller understudy Zbigniew Brzezinski wrote in his 1997 book, The Grand Chessboard.

NYPD’s 1000 “Anti-Terror Cops” Have Tanks, Weapons, Navy

Posted in InfoWars Articles on September 11, 2011 by toptruth

Saturday, September 10, 2011

Kelly has his own army — 1,000 anti-terror cops with tanks and weapons, carved out of the NYPD after 9/11.Free Newsletter – The Infowars Insider

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ATF’s Fast & Furious: The Next Chapter — Sheriff Richard Mack

Posted in InfoWars Articles on September 11, 2011 by toptruth
InfoWars.com

September 10, 2011

Blaming the Second Amendment for the banker’s drug cartel violence in Mexico.

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HoaxPublic Awakens to WTC Building 7

Posted in InfoWars Articles on September 11, 2011 by toptruth
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Infowars.com
September 10, 2011

Infowars nightly news reporter, Darrin McBreen, talks to UT Students about building 7 on 9/11, and ask if they think it was brought down by a “control demolition.”

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Ron Paul Exploding

Posted in InfoWars Articles on August 17, 2011 by toptruth
TheAlexJonesChannel

August 16, 2011

The establishment media’s attempt to ignore Ron Paul’s 2012 campaign for president has become so blatant following his close-second finish in the Iowa straw poll, that even mainstream reporters cannot ignore the biased attempt to drown out his message. Despite their best efforts, Ron Paul continues to explode in popularity, surfacing repeatedly at the top of major polls as his message transcends the political gatekeepers.

Dr. Paul is reaching a tipping point which no one can ignore– emerging as the frontrunner in the GOP 2012 primary, despite attempts to feed the populace more empty suit, pro-war, big government candidates.

RELATED: Establishment Media Admits Conspiracy To Ignore Ron Paul

RELATED: Jon Stewart on the Media Ignoring Ron Paul

Was CIA behind Operation Fast and Furious?

Posted in InfoWars Articles on August 13, 2011 by toptruth
Robert Farago and Ralph Dixon

The Washington Times
August 12, 2011

Why did the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) let criminals buy firearms, smuggle them across the Mexican border and deliver them into the hands of vicious drug cartels? The ATF claims it launched its now-disgraced Operation Fast and Furious in 2009 to catch the “big fish.” Fast and Furious was designed to stem the “Iron River” flowing from American gun stores into the cartels’ arsenals. The bureau says it allowed gun smuggling so it could track the firearms and arrest the cartel members downstream. Not true.

During the course of Operation Fast and Furious, about 2,000 weapons moved from U.S. gun stores to Mexican drug cartels – exactly as intended.

In congressional testimony, William Newell, former ATF special agent in charge of the Phoenix Field Division, testified that the Internal Revenue Service, Drug Enforcement Administration and Immigration and Customs Enforcement were “full partners” in Operation Fast and Furious. Mr. Newell’s list left out the most important player: the CIA. According to a CIA insider, the agency had a strong hand in creating, orchestrating and exploiting Operation Fast and Furious.

Read more

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