“- 1996: Gov. Don Sundquist signed the Tennessee-Israel Cooperation Agreement to promote cooperation between the two countries in trade, arts, culture, education, tourism and university/industry alliances.”
by Grant Smith, September 30, 2014
The Chicago Council survey suffers a fatal third flaw in its approach to the foreign aid question – lack of relevant comparative data given to respondents. The 2014 U.S. foreign aid budget (PDF) for Mexico is $206 million; Afghanistan is $749 million while Pakistan is $881 million with Iraq getting $73 million. Meanwhile Egypt and Israel receive lion’s shares with $1.6 billion to Egypt and a whopping $3.1 billion for Israel.
Furthermore, aid to Israel has increased on average 30 percent annually since 1970. Israel now receives 9 percent of the entire U.S. foreign aid budget while benefiting from Egypt’s 5 percent share which is justified as maintaining the 1979 Egypt-Israel peace agreement. In Israel’s case, the figure understates actual aid levels since Congress is regularly tapped by the American Israel Public Affairs Committee (AIPAC) and its donor network for additional military aid and joint program funding. Official figures also omit the value of intelligence sharing, such as the massive flows of raw intelligence on Americans approved by President Obama in 2009 and revealed by NSA whistleblower Edward Snowden.
Before making such broad claims it would again be useful to insert the type of control questions that would not only improve survey quality (which Chicago Council does at a basic level) but also ascertain whether respondents have been subjected to a propaganda or scare campaign that explains their most elevated but unfounded worries. In the case of Iran, the Israel lobby has been relentless in its campaign to pit Americans against Iran – and it has really paid off.
Although no credible Western intelligence agency believes Iran currently has nuclear weapons – a majority – 58.5 percent of Americans now do according to IRmep’s Google Consumer Survey.
- DOJ Demands Immunity for Anti-Iran Group UANI – September 14th, 2014
- Death of the Masked Men – June 23rd, 2014
- Israel’s First US Espionage and Smuggling Network – May 29th, 2014
- Will the US Also Deny Visas to Israel’s Spies? – April 13th, 2014
- AIPAC’s Fed Candidate Stanley Fischer on a Warpath Against Iran – December 27th, 2013
VIDEO: Why the US is deeply insolvent
Building on the previous chapter on the US’ tremendous and exponentially-increasing debt, this chapter looks at the shocking shortfall between our nation’s assets and its liabilities.
In short, America is deeply insolvent. We’re just not admitting it yet.
Perhaps not surprisingly, official statistics leave out our unfunded liabilities when calculating the net worth of the nation. Once these liabilities are added back in, America’s net worth plunges into the negative tens to hundreds of $trillions.
In the last chapter we noted how our vast debts place an unfair and immoral burden on future generations, and realistically can and will never be pad off. Factoring in the unfunded liabilities just makes the situation beyond absurd.
Coming next Friday: Chapter 15: Demographics
For those who simply don’t want to wait until the end of the year to view the entire new series, you can indulge your binge-watching craving by enrolling to PeakProsperity.com.
The entire full new series, all 27 chapters of it, is available — now– to our enrolled users.
The full suite of chapters in this new Crash Course series can be found at www.peakprosperity.com/crashcourse
And for those who have yet to view it, be sure to watch the ‘Accelerated’ Crash Course — the under-1-hour condensation of the new 4.5-hour series. It’s a great vehicle for introducing new eyes to this material.
|Incoming Speaker John Boehner kisses
out-going Speaker Nancy Pelosi.
(CNSNews.com) – House Speaker John Boehner (R.-Ohio) and House Minority Leader Nancy Pelosi (D.-Calif.) joined forces early Wednesday evening as the House passed a continuing resolution that will fund the government after the end of the fiscal year on Sept. 30, and that will permit funding for Planned Parenthood (the nation’s largest abortion provider), the entirety of Obamacare, and an amendment requested by President Barack Obama “to train and equip appropriately vetted elements of the Syrian opposition.”
The bill passed 319 to 108 with four members not voting. But there were not enough Republican members to pass the bill without significant support from Democrats. While Pelosi sided with the Republican leadership and voted for the bill, 53 Republicans joined with 55 Democrats in voting against it.
In addition to Pelosi, some of the other Democrats voting for the Republican leadership’s bill, included Rep. John Conyers (D.-Mich.), Rep. Debbie Wasserman Schlultz (D.-Fla.), Rep. Xavier Becerra (D.-Calif.), Rep. Earl Blumenauer (D.-Ore.), and Rep. Jan Schakowsky (D.-Ill.).
Rep. Louie Gohmert (R.-Texas), Rep. Michele Bachmann (R.-Minn.), Rep. Trey Gowdy (R.-S.C.), Rep. John Fleming (R.-La.), Rep. Jim Jordan (R.-Ohio), and Rep. Dana Rohrabacher (R.-Calif.) were among the Republicans who voted against it.
The Syrian opposition, which is seeking to overthrow the secular authoritarian regime of Bashar al Assad, includes al Nusrah Front, the al Qaeda affiliate in Syria, and the Islamic State in Iraq and al Sham (ISIS), which used to be an al Qaeda affiliate and now controls parts of Iraq and Syria.
ISIS recently beheaded two American journalists and a British aid worker.
The training and arming of Syrian rebels is aimed at combating ISIS and Islamist terrorism, so ISIS and al Nusrah Front would not be among the Syrian rebels deliberately armed and trained by the new U.S. policy authorized by this bill.
The bill will fund the government through Dec. 11, when a “lame-duck” Congress, which will include members thrown out by the voters in November, will be able to return to Washington and vote for programs and governmental actions that they may not have wanted to vote for before the election.
That new funding bill will also be passed before the newly elected members of Congress will be sworn in and have a say in what the government does.
Before the inclusion of the amendment to train and arm revolutionaries in Syria, the House Appropriations Committee had described the continuing resolution as a “clean” bill that did not include riders affecting current spending programs and policies. The committee affirmed to CNSNews.com last week that the bill does not prohibit funding for Planned Parenthood or for any element of Obamacare.
Twenty-four minutes before it voted on this final spending bill, the House voted on the amendment sponsored by House Armed Services Chairman Buck McKeon (R.-Calif.) that added to the bill the authorization for President Obama to arm and train the Syrian revolutionaries. That amendment passed by a vote of 273 to 156, with 3 members not voting.
Pelosi and Boehner joined together to vote for the amendment to arm and train Syrian revolutionaries, as did House Republican Leader Kevin McCarthy (R.-Calif) and House Republican Whip Steve Scalise (R.-La.).
Among the 71 House Republicans standing in opposition to Pelosi and Boehner and the other Republican leaders on this amendment were Rep. Trey Gowdy (R.-S.C.), Rep. Jim Jordan (R.-Ohio), Rep. John Fleming (R.-La.), Rep. Louie Gohmert (R.-Tex.), Rep. John Duncan (R.-Tenn.), Rep. Thomas Massie (R.-Ky.), Rep. Dana Rohrabacher (R.-Calif.) and Rep. Jim Sensenbrenner (R.-Wisc.) Continue reading
States must follow North Dakota’s lead now, or die to become an impoverished hulk of rubble.
September 14, 2014 Source: Ellen Brown, Web of Debt blog
The Federal regulators adopted a new rule that requires the country’s largest banks – those with $250 billion or more in total assets – to hold an increased level of newly defined “high quality liquid assets” (HQLA) in order to meet a potential run on the bank during a credit crisis. In addition to U.S. Treasury securities and other instruments backed by the full faith and credit of the U.S. government (agency debt), the regulators have included some dubious instruments while shunning others with a higher safety profile.
Bizarrely, the Fed and its regulatory siblings included investment grade corporate bonds, the majority of which do not trade on an exchange, and more stunningly, stocks in the Russell 1000, as meeting the definition of high quality liquid assets, while excluding all municipal bonds – even general obligation municipal bonds from states with a far higher credit standing and safety profile than BBB-rated corporate bonds.
This, rightfully, has state treasurers in an uproar. The five largest Wall Street banks control the majority of deposits in the country. By disqualifying municipal bonds from the category of liquid assets, the biggest banks are likely to trim back their holdings in munis which could raise the cost or limit the ability for states, counties, cities and school districts to issue muni bonds to build schools, roads, bridges and other infrastructure needs. This is a particularly strange position for a Fed that is worried about subpar economic growth.
Wednesday, September 10, 2014
The money-shot: “People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.”
Here is the quote that perfectly captures our era: “People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.” (John Kenneth Galbraith) The trick, of course, is to mask the unspoken second half of of that statement: everybody else gets destroyed along with the Elites when the system implodes.
On The Brink Of A Major Crisis: "This Will Be A Literal Collapse of the Entire Global Monetary System"
Discussions of the possible collapse of the U.S. dollar often center around how such an event will affect the domestic economy. But the dollar doesn’t just operate inside of a bubble. It is the world’s reserve currency for a reason. Some sixty-six countries world-wide either utilize it as their primary currency or peg their own currencies to its exchange rate. What this means, as noted by Future Money Trends in the micro documentary below, is that if and when the dollar does come under attack the fallout will be everywhere. The collapse will happen simultaneously and affect billions of people worldwide.
This is 33% of the nations of the world all submitting their currency sovereignty to the US Federal Reserve.
If and when the U.S. loses its currency status this will be a literal collapse of the entire global monetary system… A system that is built on lies, fraud and theft.
As you might have guessed, when the game is finally up it will wreak havoc across global economies, financial markets and monetary systems. Should that ever happen, those who have failed to exchange their fiat currencies for physical goods of some sort are going to have a rude awakening.
As preparation for a currency collapse of unprecedented magnitude, contrarian economists and analysts recommend acquiring physical assets ahead of time. Because after the ‘event,’ it will be too late for the majority, as their dollars become nearly worthless and the cost of essential goods like food and energy skyrocket to nearly unnatainable levels as priced in dollars.
We have seen it time and again throughout recent history. Germany’s Weimar Republic, Hungary, Zimbabwe and most recently Argentina, have all experienced currency collapses. And in all instances one asset has stood the test of time and become the currency of choice when traditional systems of commerce collapsed.
Living in the heart of the Fiat bubble, Americans especially have forgotten about the one true currency. With the nation approaching nearly $20 trillion in national debt our entire system is built on a lie. But this lie affects the entire world because the US dollar is the world’s currency.
The gold market has been so distorted by governments and central banks around the world that today in an environment of quantitative easing, trillion dollar annual deficits, and negative interest rates, you can exchange your Fiat currency for an ounce of gold for less than the cost a mining company takes to produce it.
In 2013 all-in costs were $1620 per ounce, with an average price of $1411 per ounce. Recently gold has sold for less than $1300 an ounce.
Physical demand is currently setting records, with most of the demand coming from the east. Soon, North America and the world will begin to accumulate gold.
The world is on the brink of a major fiat currency crisis.
The evidence for a continued downturn in the U.S. economy and further deterioration of the U.S. dollar is clear. The likely end result is a total collapse of Americans’ way of life.
Ask yourself these three questions to help you determine your best course of action:
- What is the dollar’s most likely future?
- Are you overly exposed to dollar denominated assets like your income, savings and the country you reside in?
- Can you envision a scenario where the world turns against the U.S. dollar?
When it happens only those who own physical assets not dependent on the U.S. dollar will maintain any semblance of wealth. Everyone else will be, almost instantaneously, relegated to third world status.