Puppet MastersS


Attention

Are The Government And The Big Banks Quietly Preparing For An Imminent Financial Collapse?

Wall Street
© The Economic Collapse Blog
Something really strange appears to be happening. All over the globe, governments and big banks are acting as if they are anticipating an imminent financial collapse. Unfortunately, we are not privy to the quiet conversations that are taking place in corporate boardrooms and in the halls of power in places such as Washington D.C. and London, so all we can do is try to make sense of all the clues that are all around us. Of course it is completely possible to misinterpret these clues, but sticking our heads in the sand is not going to do any good either. Last week, it was revealed that the U.S. government has been secretly directing five of the biggest banks in America "to develop plans for staving off collapse" for the last two years.

By itself, that wouldn't be that big of a deal. But when you add that piece to the dozens of other clues of imminent financial collapse, a very troubling picture begins to emerge. Over the past 12 months, hundreds of banking executives have been resigning, corporate insiders have been selling off enormous amounts of stock, and I have been personally told that a significant number of Wall Street bankers have been shopping for "prepper properties" in rural communities this summer.

Meanwhile, there have been reports that the U.S. government has been stockpiling food and ammunition, and Barack Obama has been signing a whole bunch of executive orders that would potentially be implemented in the event of a major meltdown of society. So what does all of this mean? It could mean something or it could mean nothing. What we do know is that a financial collapse is coming at some point. Over the past 40 years, the total amount of all debt in the United States has grown from about 2 trillion dollars to nearly 55 trillion dollars. That is a recipe for financial armageddon, and it is inevitable that this gigantic bubble of debt is going to burst at some point.

In normal times, the U.S. government does not tell major banks to "develop plans for staving off collapse".

But according to a recent Reuters article, that is apparently exactly what has been happening....
U.S. regulators directed five of the country's biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.

The two-year-old program, which has been largely secret until now, is in addition to the "living wills" the banks crafted to help regulators dismantle them if they actually do fail. It shows how hard regulators are working to ensure that banks have plans for worst-case scenarios and can act rationally in times of distress.
Does it seem odd to anyone else that only five really big banks got such a warning?

And why keep it secret from the American public?

Does the federal government actually expect such a collapse to happen?

Heart - Black

Paul Ryan has 71-year-old man and others arrested for asking questions

Paul Ryan
© Buzzfeed.comWisconsin Congressman Paul Ryan
Mitt Romney recently named Wisconsin Congressman Paul Ryan as his running mate for Vice President of the United States. As such, the bright lights and prying eyes of the media have now befallen the congressman. Video from 2011 has surfaced of several of his constituents being arrested for speaking out of turn at a public luncheon. In one instance, with video provided on the left side of this article, a 71-year-old man was thrown to the ground by police and placed in handcuffs. Moments after the incident Paul Ryan joked, "I hope he has taken his blood pressure medication."

Actually the man was asking how he would be able to afford his medication, but this nuanced difference seems to be lost on the millionaire congressman.


Hourglass

Israel media talk of imminent Iran war push

Jerusalem - Israel's prime minister and defence minister would like to attack Iran's nuclear sites before the U.S. election in November but lack crucial support within their cabinet and military, an Israeli newspaper said on Friday.

The front-page report in the biggest-selling daily Yedioth Ahronoth came amid mounting speculation - fuelled by media leaks from both the government and its detractors at home and abroad - that war with Iran could be imminent even though it might rupture the bedrock ties between Israel and the United States.

"Were it up to Benjamin Netanyahu and Ehud Barak, an Israeli military strike on the nuclear facilities in Iran would take place in the coming autumn months, before the November election in the United States," Yedioth said in the article by its two senior commentators, which appeared to draw on discussions with the defence minister but included no direct quotes.


Comment: RT reports on the topic:



Bad Guys

US Attorneys Refuse to Assure Judge That They Are Not Already Detaining Citizens Under NDAA

activists Kai Wargalla and Tangerine Bolen
© UnknownAppearing from left to right, activists Kai Wargalla and Tangerine Bolen.
The US government seems determined to have the power to do away with due process and Americans' right to a trial.

I am one of the lead plaintiffs in the civil lawsuit against the National Defense Authorization Act, which gives the President the power to hold any US citizen anywhere for as long as he wants, without charge or trial. In May, following a March hearing, Judge Katherine Forrest issued an injunction against it; this week, in a final hearing in New York City, US government lawyers essentially asserted even more extreme powers - the power to entirely disregard the Judge and the law. Indeed, on Monday, August 6, Obama's lawyers filed an appeal to the injunction - a profoundly important development that as of this writing has been scarcely reported.

In the March hearing, the US lawyers had confirmed that yes, the NDAA does give the President the power to lock up people like journalist Chris Hedges and peaceful activists like myself and other plaintiffs. Government attorneys have stated on record that even war correspondents could be locked up indefinitely under the NDAA. Judge Katherine Forrest had ruled for a temporary injunction against an unconstitutional provision in this law - after government attorneys refused to provide assurances to the court that plaintiffs and others would not be indefinitely detained for engaging in first amendment activities. Twice the government has refused to define what it means to be an "associated force", and it claimed the right to refrain from offering any clear definition of this term, or clear boundaries of power under this law. This past week's hearing was even more terrifying: incredibly, in this hearing, Obama's attorneys refused to assure the court, when questioned, that the NDAA's provision - one that permits reporters and others who have not committed crimes to be detained without trial -- has not been applied by the US government anywhere in the world -- AFTER Judge Forrest's injunction. In other words, they were saying to a US judge that they could not or would not state whether Obama's government had complied with the legal injunction that she had lain down before them.

Red Flag

US Military Officers Discussing Plans to Fight American Citizens

Image
© Greg Groesch Battle worn Tea Party
Imagine Tea Party extremists seizing control of a South Carolina town and the Army being sent in to crush the rebellion. This farcical vision is now part of the discussion in professional military circles. At issue is an article in the respected Small Wars Journal titled "Full Spectrum Operations in the Homeland: A 'Vision' of the Future."

It was written by retired Army Col. Kevin Benson of the Army's University of Foreign Military and Cultural Studies at Fort Leavenworth, Kan., and Jennifer Weber, a Civil War expert at the University of Kansas. It posits an "extremist militia motivated by the goals of the 'tea party' movement" seizing control of Darlington, S.C., in 2016, "occupying City Hall, disbanding the city council and placing the mayor under house arrest." The rebels set up checkpoints on Interstate 95 and Interstate 20 looking for illegal aliens. It's a cartoonish and needlessly provocative scenario.

The article is a choppy patchwork of doctrinal jargon and liberal nightmare. The authors make a quasi-legal case for military action and then apply the Army's Operating Concept 2016-2028 to the situation. They write bloodlessly that "once it is put into play, Americans will expect the military to execute without pause and as professionally as if it were acting overseas." They claim that "the Army cannot disappoint the American people, especially in such a moment," not pausing to consider that using such efficient, deadly force against U.S. citizens would create a monumental political backlash and severely erode government legitimacy.

Pirates

Mexican Drug Cartel Claim Bush And Obama Administrations Made Deals With Drug Lords

Image
According to a story at The Blaze, a high-level drug cartel operative in federal custody is alleging that the Obama Administration, and the Bush Administration before it, made an agreement with Mexico's Sinaloa Cartel to provide weapons through what became the Fast and Furious program.

Jesus Vicente Zambada-Niebla, the Sinaloa Cartel's logistics coordinator, who was extradited to Chicago last year, claims that Fast and Furious was part of an administration plan to provide the Sinaloa Cartel with weapons in exchange for information the DEA, ICE and other federal agencies would then use to take down rival cartels.

Stop

Study finds US among few NATO nations that use animals for military training

More than three-quarters of NATO allies use simulators, other non-animal models.

A new study published in the August 2012 issue of Military Medicine, the journal of the Association of Military Surgeons of the U.S., reveals that 22 of 28 NATO nations do not use animal laboratories for military medical training.

Researchers from PETA, in collaboration with current and former military medical personnel, surveyed officials in all 28 NATO nations during 2010 and 2011. Twenty-two NATO countries - including Albania, Belgium, Bulgaria, Croatia, the Czech Republic, Estonia, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Luxembourg, the Netherlands, Portugal, Romania, Slovakia, Slovenia, Spain, and Turkey - confirmed that they do not use animals in military medical training. Officials reported that they use exclusively non-animal methods - such as lifelike human simulators in realistic battlefield scenarios - for various reasons, including legal prohibitions against animal use and the superiority of simulation technology.

Dominoes

U.S. Banks Told to Make Plans for Preventing Collapse

U.S. regulators directed five of the country's biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.

Bank of America
© AP Photo/Mark LennihanA branch office of Bank of America is shown in New York.
The two-year-old program, which has been largely secret until now, is in addition to the "living wills" the banks crafted to help regulators dismantle them if they actually do fail. It shows how hard regulators are working to ensure that banks have plans for worst-case scenarios and can act rationally in times of distress.

Officials like Lehman Brothers former Chief Executive Dick Fuld have been criticized for having been too hesitant to take bold steps to solve their banks' problems during the financial crisis.

According to documents obtained by Reuters, the Federal Reserve and the U.S. Office of the Comptroller of the Currency first directed five banks - which also include Citigroup Inc,, Morgan Stanley and JPMorgan Chase & Co - to come up with these "recovery plans" in May 2010.

They told banks to consider drastic efforts to prevent failure in times of distress, including selling off businesses, finding other funding sources if regular borrowing markets shut them out, and reducing risk. The plans must be feasible to execute within three to six months, and banks were to "make no assumption of extraordinary support from the public sector," according to the documents.

Heart - Black

Homeland Security Secretary Napolitano Favored Women Pals for Jobs: Lawsuit

Dora Schriro
© Steven HirschDora Schriro
A veteran US law-enforcement official has filed a blockbuster discrimination lawsuit against Homeland Security Secretary Janet Napolitano, charging she pushed him aside to make way for a less-qualified woman who's "enjoyed a long-standing relationship" with the anti-terror chief.

The lawsuit, which was first reported yesterday by blogger Debbie Schlussel, identifies the woman as Dora Schriro, who was later appointed by Mayor Bloomberg as commissioner of the city Department of Correction, a post she still holds.

The court papers also allege that Suzanne Barr, Napolitano's chief of staff at Immigration and Customs Enforcement, has engaged in "numerous" acts of "sexually offensive behavior" intended to "humiliate and intimidate male employees.

Barr's alleged acts include calling one man "in his hotel room and screaming at him that she wanted his 'c--k in the back of [her] throat.' "

Gear

U.S., Israel at Odds Over Iran Nuke Program Intelligence

Jay Carney
© The Associated PressWhite House Press Secretary Jay Carney
The White House expressed confidence Friday that American intelligence will know if Iran escalates its nuclear program in a sprint to build an atomic bomb - a day after Israel's defense minister warned that the allies might not know "in time" to prevent it.

"We have eyes, we have visibility into the program," press secretary Jay Carney told reporters at his daily briefing. "We feel confident that we would be able to detect a break-out move by Iran towards the acquisition of a nuclear weapon."

"We believe there continues to be the time and space to pursue this course," Carney said, referring to punishing American and international economic sanctions on the Islamic republic. "It is the best course of action to ensure that Iran does not obtain a nuclear weapon. We take no options off the table, and we consult with our allies all the time about the situation in Iran with regards to this program."

But Carney's professed confidence about the quality of the information regarding Iran's nuclear program, widely seen by American and Israeli officials as an attempt to acquire the ability to build a nuclear weapon, appeared to conflict sharply with Israeli Defense Minister Ehud Barak's just a day earlier.

Barak told Israeli radio that news reports of a new American intelligence assessment that Iran has made surprising progress towards a nuclear weapon makes it "less clear and certain that we will know everything in time about their steady progress toward military nuclear capability."