US$16,000,000,000,000 And Counting

US Debt Loads One-Armed-Bandit Machine

US debt is just now going over US$16 trillion... with no end in sight!

It's looking more like Romney and his money machine men will pull their one-armed bandit and win the jackpot in the US "democracy" casino in November! Blame Obama for feeding all that lolly into the machine without any payback in terms of much-promised "hope" or even any small "change"!

Can you spare a dime? A nickel will do. Obama's "change" seems backwards to 1930s!

So how will Romney's one-armed-bandit machine hit jackpot, rather than get sucked deeper down the debt drain?

Romney's money machine men have ensured they don't pay much taxes to feed the machine. They know better than to expose themselves any more than needed to US government debt liabilities. The machine is fed and loaded by Joe Soap who is about to be taken to the cleaners! Romney's capitalist running dogs will have a field day when the US government and its increasingly squeezed citizens go broke to leave the nation's and citizens' assets at knock-down, giveaway prices for the already rich money machine men to snap up. Wuf, wuf, woof.. and may the Devil take the hindmost!

Obama was a throwaway puppet used by the one-armed-bandit masters of corporate USA to load the money machine up with an "invisible hand of the market" while proffering "hope" for a rapidly dwindling, small "change" with his visible hand.

Ripe time is approaching to pull the lever and deliver the jackpot assets of USA into the hands of Romney's money machine men. Joe Soap will be left squeaky clean with US$ notes to use as toilet paper, but his ass will be owned by the one-armed-bandit capitalist running dogs.

The American Dream of Romney's money machine has a flipside similar to Adam Smith's market theory's invisible hand, but it certainly isn't the much-hyped "win-win" situation! The flip will produce a flop, the dream will turn to nightmare, the capitalist lever on the US elections will drain the pot of public debt and break the US government to leave an unruly BEAST - Capitalism Without Government!

http://www.nypost.com/p/news/business/us_debt_to_pass_YorannQiQY7NYfQcOQg9pI

http://www.usdebtclock.org/

http://www.inthesetimes.com/article/11775/the_debt_debacle/

Sovereign Man newsletter
August 29, 2012
Rome 

If you haven't heard yet, the United States of America just hit $16 trillion in debt yesterday. On a gross, nominal basis, this makes the US, by far, the greatest debtor in the history of the world. 

It took the United States government over 200 years to accumulate its first trillion dollars of debt. It took only 286 days to accumulate the most recent trillion dollars of debt. 200 years vs. 286 days. This portends two key points: 

1. Anyone who thinks that inflation doesn't exist is a complete idiot; 
2. To say that the trend is unsustainable is a massive understatement. 

At an average interest rate of 2.130%, Uncle Sam will shuffle $340 billion out the door just in interest payments this year... and it's a number that's only going up. To put it in context, China owns so much US debt that the INTEREST INCOME they receive from the Treasury Department is nearly enough to fund their entire military budget. 

It's rather disgusting when you think about it. 

Yet when you look at the raw numbers, there is no sign of improvement anywhere on the horizon. Last year, the Treasury Department brought in about $2.3 trillion in tax revenue. They spent $2.9 trillion JUST on -mandatory- programs like Social Security and Medicare, plus the very sacrosanct defense budget. 

In other words, the US government was $600 billion dollars in the hole before paying a dime of interest on the debt, or paying the light bill at the White House. In fact the government's own numbers reflect a budget deficit through the end of the decade, i.e. the debt level is only going to get higher. These are their own figures. 

In the 19th century, the Ottoman Empire was facing a similar debt crisis. In just 11-years, the Ottoman central government went from spending 17% of its tax revenue on interest payments, to spending over 52% of its tax revenue on interest payments. Then came default. Eleven years. The US is at 15% right now. How long will it take for the interest burden to become unbearable? 

History is full of examples of superpowers bucking under the weight of their debt. This is not the first time that it's happened, and it won't be the last. 

Sovereign debt is a giant confidence game. Investors buy bonds on the belief that governments can (and will) pay. When that confidence is chipped away, the cost of capital becomes debilitating. And people tend to notice a $16 trillion debt burden. 

This is banana republic stuff, plain and simple... and smart, thinking people ought to be planning on capital controls, wage and price controls, pension confiscation, and selective default. Because the next trillion will be here before you know it. 

Simon Black

Senior Editor

SovereignMan.com

The Problem With Capitalism

Why Wealth Is Not So Common

Capitalism is a system based on the private ownership of property and using it to produce a profit. However, just as a casino ensures it has a profit margin overall, most players end up losing over the long term. The playing field is not flat and even to begin with, either between different players or between the players and the casino banker. It's wise to stay away from casinos unless one knows more than the banker does! But if card-counters are spotted by the banker they will either be thrown out or invited to negotiations.

The general outcome of playing the capitalist-system game is a few winners and many losers. Big winners can set up their own corporate-empire board games so as to make bigger profits, while penniless losers will be lucky to land a job in an increasingly rich-poor divided system. Capitalism itself has no answers for such an unequal outcome to its game, other than corporate takeover of everything on the planet. Winners often argue that it was skill, and not luck, that earned them their top-dog position. However, with capital chips and monopoly money stacked up on their side of the table they can use it in ways to ensure they continue to make even bigger profits.

Crises come when pure capitalists, financiers or bankers, lack any guiding purpose other than profits. However, when large numbers of people become utterly poor, without work and with little hope of getting anywhere in the capitalist-system game, then the failure and breakdown of the system becomes inevitable. Government is meant to correct such gross imbalances long before they arise. However, governments have been bought out by capitalists to become part of the unbalanced capitalist problem themselves, and bereft of any understanding as to what went wrong while they continue to profit from the unbalanced system! Their moral compass was lost somewhere along the pathologically winding way to power.

The Biblical Year of Jubilee was celebrated after every seven, seven-year cycles i.e. every fiftieth year, when all god-given land was to be returned to its original owner, all debts were to be forgiven and all slaves were to be liberated. Such debt forgiveness is urgently called for now in many countries around the world where the capitalist-system game has run its course to its own systemic breakdown. However, forgiveness of debt is a hard thing to do for hardened capitalists. They see it as a too-easy let-off for losers, who may then even appear to be winners. Although they should know that worldly riches will burn them in hell, while it's easier for a camel to go through the eye of a needle than for a rich man to enter heaven.

The problems and burdens of how to deal with absurd quantities of casino chips and monopoly money in this capitalist-system game lies with hardened capitalists, financiers and central bankers. Perhaps they prefer to play among themselves for idiotically high stakes so as to determine who will be the big winner-takes-all Antichrist? Meanwhile, growing numbers of disinherited and unemployed people are not enjoying this high-stakes, capitalist-system game played by a few elite high-rollers much any longer.

David Harvey explains in more detail, and quite superbly, how capitalism causes crises -

http://www.youtube.com/watch?v=qOP2V_np2c0

Cataclysmic Capitalism

Profiting From Weather Manipulation

A very important new documentary film has just been released concerning large-scale programs to manipulate the world's weather and climate. It presents the issues at stake clearly for all people living on earth. "Why in the World are They Spraying" by Michael J. Murphy can be found online at
http://www.youtube.com/watch?v=x9VcWkFrXWY&feature=youtu.be

As a trained meteorologist, with work experience at the Edgbaston weather station ran by the University of Birmingham until the late 1970s, I can wholeheartedly endorse all that is presented in this must-see documentary film.

The corporate-military nexus of power based in the U.S.A. has long been interested in weather and climate manipulation for use in warfare and making profits. Monsanto again raises its big ugly head into the picture. This growing season there are drought conditions in the U.S. Midwest seriously affecting the corn crop, with market prices for corn already shooting up. This will affect global market prices not only for corn, but for other crops and products. Corporations that know what's going on, and that may be involved in weather manipulation themselves, are able to make huge profits at the expense of ordinary people worldwide.

Although the U.S. military and corporate nexus has taken a leading role in weather and climate manipulation since the 1950s, other states have also started their own programs including Russia and China. The ongoing disruption of global weather and climate as a result of experiments using metal compounds sprayed from planes and the High Frequency Active Auroral Research Program (HAARP) may be even more damaging to our environment than the emissions of polluting gases and particulates from all other human activity.

The chemicals used to seed water droplets and cause cloud formation eventually fall to earth where evidence suggests they have substantial effects including changes in soil acidity, fungal growths on vegetation and trees, loss of crops and asthma. Weather modification programs may also be affecting higher levels of the atmosphere where an ozone hole has appeared over the northern hemisphere. Depletion of ozone in the upper atmosphere allows ultraviolet light from the Sun to penetrate to lower levels and cause harm to life on earth.

There's a lot of information on internet concerning the issue of chemtrails and the use of HAARP technology.
http://www.youtube.com/watch?v=BWme9JX7xX8

The military and corporate interests involved in weather-modification programs will push ahead with them in their insatiable pursuit of power and profits. The only way they will stop destroying the earth's environment is if sufficient people in the world become aware of what's going on and remove any support state, military and corporate interests have to continue down their pathological road towards cataclysm.

Capital Crime of Finance Capitalism

Unkept Paper Promises

Money = Debt, or IOU Notes. The issuance of "I Owe yUo" notes by those who know they cannot honor them, or have no intention of paying them to the same value, is fraud.

Holders of Icelandic, Irish and Greek government and private debt in recent years have taken a haircut, been sheared like sheep. Holders of U.S., Japanese, U.K., Spanish, Italian, French IOU paper should be concerned.

Notes issued by the Bank of England denominated in pounds sterling carry the words “I promise to pay the bearer on demand the sum of …” However, if you go to the Bank of England and demand payment in pounds of sterling silver they will not give it to you. You will be stuck with the paper. And if the paper they issue becomes too large compared with the economy then inflation arises and the paper loses value vis-a-vis goods and services. However, the BoE is currently required to ensure that inflation in the U.K. stays around 2%, and if it doesn't the Governor has to explain to Parliament why not.
http://www.bankofengland.co.uk/banknotes/Pages/about/history.aspx  

Events in the economic world, especially since 2008, have seriously eroded any trust we may have had in the people who manage government and bank finances. An increasing number of people are now looking for alternate ways to manage their economic affairs. Governments, banks, and corporations are coming under closer scrutiny with more cases of financial jiggery-pokery being exposed almost on a daily basis.

We are now witnessing the demise of laissez-faire capitalism as Europe, U.S.A., Japan and other states attempt to stop the collapse by issuing bonds or through quantitative easing. But such attempts are bound to end in failure as the enormous debts run up by governments cannot be paid off without either exorbitant tax increases, phenomenal economic growth, or massive inflation. Raising government funds through privatization of public assets is essentially selling the population into the private hands of neofeudalism, as explained in my previous articles.  

Political leaders know this, or should do otherwise they are irresponsible. Financial criminals have been imprisoned in recent years. The debacles they have caused have become top political issues as politicians are intimately involved in the finance business and its regulation. However, politicians are, as ever, avoiding the radical changes necessary, while attempting to kick their very battered can of financial worms down the road a little further.

Their political can is full of holes, exposing financial worms grown very fat and ugly. And it looks like their performance is falling apart to the point of absurdity. But while this political laughing stock try to hold their financial can of worms together they are still not changing the underlying causes and thus the problems are growing bigger. Thus the collapse, when it comes, will be bigger than 2008, or 1929, in terms of its political, economic and social costs.

Revelation 8

¹⁰ And the third angel sounded, and there fell a great star from heaven, burning as it were a lamp, and it fell upon the third part of the rivers, and upon the fountains of waters;

¹¹ And the name of the star is called Wormwood: and the third part of the waters became wormwood; and many men died of the waters, because they were made bitter.

http://www.amazon.com/False-Dawn-Delusions-Global-Capitalism/dp/1565845927

http://www.bbc.co.uk/news/magazine-14764357

http://www.guardian.co.uk/commentisfree/video/2009/mar/09/capitalism-crisis-john-gray

Forbidden Fruit Incorporated

Decayed Decade

Too many questions concerning the tragic incidents which occurred on 11th September 2001 remain unresolved for people to rest easy. A deeper historical perspective on the dangers of a corporate-covered "elite" usurping political power in the U.S.A. is given here -
http://www.addictinginfo.org/2012/07/10/founding-fathers/

Capitalism in its exposed, naked, unrestrained form = forbidden fruit, evil to the core! Some humans greedy for money and power will stop at nothing in their attempt at global domination. Such humans as Queen Elizabeth II may seem affable, gracious, and genteel in their appearance. But appearances can be very deceptive.

Obama is so obviously a stooge, puppet, a put-up job. It's obvious too that Sakozy, Merkel, Cameron et al are all in the pockets of the same "elite", Bilderbergers, or whatever other label may be used to bottle their concoction.

In the U.K. and E.U., as in the U.S.A., there is a massive transfer of wealth going on from poor, work slaves to the super-rich "elite". Public taxpayers money is being ransacked as states go bankrupt... Iceland... Ireland... Greece... Portugal... Italy... Spain... most U.S. states have long been bankrupt... California has been forced to cut public services due to lack of funds.

We are experiencing the largest plunder of riches in the history of the world. There is no "trickle down"! This is greedy, thirsty sucking up on a global scale!

Essentially, this is the end and aim of capitalism, which is naked, unrestrained greed for profits, riches, wealth, while they cover their intentions with propaganda words like "commonwealth"!

The British Empire was built on high-seas piracy. The slave trade, the East India Co. (set up by Queen Elizabeth I on 31st December 1600), the Opium Wars (1839-1860) with China...

The Anglo-Saxon model of piracy trade, greedy capitalism, slimy banking, slave-mill industry, and sick "Protestant work ethic" is now coming into fully ripened, if not already rotten, fruit. Falling all around the globe for people to smell the stink of it! Bad banks, bad apples, bad mortgage loans, bad debts, bad, bad, bad...

The harvest is overripe, but few there be prepared to take it in! The unprepared will be cut off, harvested, divested at the end of the world! The few prepared will have a feast. But many have worldly excuses not to come to the feast at the end of the world!

The "elite", capitalist, forbidden-fruit eaters will see their riches rot to their core! They will be divested and exposed... no short-covering for such error!