Saturday, December 20, 2014

Global Financial Terrorist Attack: US $700 trillion stolen, Russia Ruble Tanks, Cuba Drawn and Quartered and The Interview Canceled

You know, when you are traveling down the rabbit hole you see a lot of strange things.  One of the strangest is the way the American press is so easily distracted by shiny objects.  Currently the U.S. Press is busy chasing the recently released torture report, The Interview being cancelled and our new “relationship” with Cuba. 

But there is a common thread that runs through everything and is largely forgotten or ignored by the press.  What I am talking about is the global financial terrorist attack perpetrated by the United States Senate on December 16, 2014, everything else is fallout.

The global financial terrorists were unleashed on the world on December 16th 2014 when the United States Senate passed the Shock Doctrine spending bill insuring $700 trillion in derivative gambling debts with the full faith and credit of the United States government. 

An emboldened financial terrorist group flush with cash after the U.S. Senate pledged $3 trillion of private pension funds and repeal of Dodd/Frank derivatives regulation worth more than $700 trillion at their disposal, is now on the prowl. 

So let’s take a look at what has happened since the Senate and the Obama Administration facilitated the largest financial terrorist attack in world history. 


According to Ed O’Keefe at Washington Post one of the provisions included in the December 16th Spending Bill and pushed by the Obama Administration was slashing of American pensions:



For the first time, the benefits of current retirees could be severely cut, part of an effort to save some of the nation’s most distressed pension plans. The change would alter 40 years of federal law and could affect millions of workers, many of them part of a shrinking corps of middle-income employees in businesses such as trucking, construction and supermarkets

Yeah, those pension plans are distressed because once the banks were deregulated by the Senate in 2000 they could sell junk securities to pension plans, something that had been illegal for over 60 years.  It was grand theft, pure and simple.   

Wall Street banks laundered almost a billion dollars into the Obama campaign in 2008 to ensure there would be no laws or regulatory changes to the banking system.  Wall Street had bought their government, hook line and sinker.  If you ever thought that Barack Obama was a Democrat or gave a whit about America or the American people, you’d be wrong.  He’s just like George W. Bush, as a matter of fact George W. Bush said if Obama were a Republican he’d vote for him.

So, here’s the Barack Obama that America didn’t see in the 2008 primaries because the U.S. Senate was making sure you didn’t.  From Washington Blog:


Obama’s Long Battle to Cut Social Security Benefits
Posted on September 24, 2014 by Eric Zuesse.

If, as expected, U.S. President Barack Obama will, for the first time in his Presidency, be given by the nation’s voters two Republican-controlled houses of Congress, he’ll finally be able to sign into law bills that are as conservative as he wants; and one of these new laws will transform Social Security.

During the first interview Obama gave after Chuck Schumer, Joe Biden and Ted Kennedy had begun laundering Wall Street money into Obama’s campaign, he outlined his plan to bring the Reagan dream of a fully privatized American government for the rich.

Back in 2009, he came into office wanting to address the long-term financial issue of Social Security not by removing the annual earnings-cap of around $100,000 that pertained (and above which income was/is untaxed for Social Security, so that this change alone could solve the problem), but instead by reducing retirement benefits to seniors: cutting the benefits they receive.

America has been rolled again.  The only reason Obama was reelected was because people feared that Paul Ryan would privatize Social Security.  Guess what?  Barack Obama is the only president who ever cut funding the program, through the Republican inspired “payroll tax holiday.” 

Everyone had simply assumed that no Democrat would want to weaken or reduce the crowning achievements of Democratic Presidents Franklin Delano Roosevelt and Lyndon Baines Johnson, not to mention of the Democratic Party itself. But Barack Obama wanted to do it; and he remains committed to doing it.


So the cancelation of The Interview by Sony is just another act of financial terrorism resulting from the Shock Doctrine terrorist funding bill passed by the Senate December 16th.  

 If you recall Senator Chris Dodd, who is the Dodd half of Dodd/Frank left the Senate after the passage of the Dodd Frank financial reform bill to become President of the Motion Picture Assn. of America.  The cancellation of “The Interview” is not about that particular movie, but a message of financial intimidation to the industry.

According to Wired Magazine:


Obama’s Bold Sony Statement: Canceling The Interview Was a ‘Mistake’

In his end-of-year press conference today, President Barack Obama called the decision by Sony Pictures Entertainment to cancel the release of its film The Interview a “mistake.”

“I am sympathetic to the threats they face,” Obama said. “Having said all that, yes, I think they made a mistake….

Blah, blah, blah.

President Obama added today that he wished Sony “had spoken to me first” before making its decision. “I would have told them, do not get into a pattern in which you are intimidated by these kinds of criminal attacks.”

In the same article in Wired George Clooney made the following statement:

Regardless of who initiated the cancellations, in his interview with Deadline, Clooney expressed the same sentiments Obama did in saying that industries should not bow to threats—especially ones that trample on the First Amendment. “The truth is, you’re going to have a much harder time finding distribution now. And that’s a chilling effect.”

Yes, the First Amendment has now been attacked by financial terrorists unleashed by the “emergency” spending bill passed by the United States Senate.  Think about what Clooney said, “the truth is, you’re going to have a much harder time finding distribution now” meaning you aren’t going to find the financial backers to make films if you don’t toe the financial terrorist line.

Obama’s blathering about “wishing Sony would have talked to him before canceling is just another big lie.  According to an interview with CNN’s Fareed Zakaria, Sony executive Michael Lynton said Sony had been working with the Administration and the FBI to proceed with the December 25th release.  Funny, it wasn’t until the passage of the of the “emergency terrorist spending” bill that the release was cancelled.  


Sony followed up on Lynton's remarks with a statement that read, in part, "It is still our hope that anyone who wants to see this movie will get the opportunity to do so."

The company declined to comment on whether any distributors have agreed to help the company with that.

In his CNN interview, Lynton said "the president, the press and the public are mistaken" about what actually led to Sony's decision to shelve the "The Interview."

"We do not own movie theaters," Lynton said. "We cannot determine whether or not a movie will be played in movie theaters."

Hmmm, I wonder who does own the theaters that can determine which movies will be shown.  Imagine if the Obama Administration had come out and stated that America would not tremble in fear of an American movie being released, and the government is doing everything possible to ensure the safety of theaters and theater goers in America.  That would be the proper response, but instead the U.S. Senate facilitated the financial terrorist attack on Sony. 

Of course the Obama Administration was quick to point fingers at North Korea for the hacking, but the timing is awfully suspicious.  Why would North Korea hack Sony?  It doesn’t make sense, people in North Korea would never see the movie they wouldn’t even know the movie existed.  

Administration officials said it was because North Korea feared DVDs attached to balloons would waft into North Korea.  North Korea has even offered to conduct a joint inquiry into the Sony hacking incident.  From BBC News Canada:


North Korea has offered to hold a joint inquiry with the United States into a cyber-attack on Sony Pictures, strongly denying US claims that it is behind it.

Its foreign ministry accused the US of "spreading groundless allegations", which a joint inquiry would refute.

Without addressing Pyongyang's idea, a US spokesman insisted North Korea must admit "culpability”.

The whole Sony incident stinks to high heaven.  I guess a harbinger of things to come were in this Matt Taibbi article published early in 2014 by Rolling Stone Magazine:  


Wall Street had spent much of that era arguing that America's banks needed to become bigger and badder, in order to compete globally with the German and Japanese-style financial giants, which were supposedly about to swallow up all the world's banking business. 

So through legislative lackeys like red-faced Republican deregulatory enthusiast Phil Gramm, bank lobbyists were pushing a new law designed to wipe out 60-plus years of bedrock financial regulation.

The key was repealing – or "modifying," as bill proponents put it – the famed Glass-Steagall Act separating bankers and brokers, which had been passed in 1933 to prevent conflicts of interest within the finance sector that had led to the Great Depression. 

Now, commercial banks would be allowed to merge with investment banks and insurance companies, creating financial megafirms potentially far more powerful than had ever existed in America….

Financial terrorists created by the United States Senate “far more powerful than ever existed in America”, who could have known?  Phil Gramm whose wife Wendy was on the board of directors of Enron was able to cash out her holdings before the employees of Enron were informed their stock was worthless.

Fifteen years later, in fact, it now looks like Wall Street and its lawyers took the term to be a synonym for ruthless campaigns of world domination. "Nobody knew the reach it would have into the real economy," says Ohio Sen. Sherrod Brown. 

Now a leading voice on the Hill against the hidden provisions, Brown actually voted for Gramm-Leach-Bliley as a congressman, along with all but 72 other House members. "I bet even some of the people who were the bill's advocates had no idea."

Oh Sherrod, you poor, naïve soul, did you really think that opening the gates of hell to financial terrorists would have a good result for the American people?  That vote was held days after the Supreme Court ordered the end to the Florida recount in the 2000 Presidential election.  

So you, during the twilight hours of the Clinton Administration, voted to repeal 60 years of protecting the American people from financial terrorists.  Sorry Sherrod, there’s no excuse for what you did. 

So what do banks look like today?   

Today, banks like Morgan Stanley, JPMorgan Chase and Goldman Sachs own oil tankers, run airports and control huge quantities of coal, natural gas, heating oil, electric power and precious metals. 

They likewise can now be found exerting direct control over the supply of a whole galaxy of raw materials crucial to world industry and to society in general, including everything from food products to metals like zinc, copper, tin, nickel and, most infamously thanks to a recent high-profile scandal, aluminum.

And they're doing it not just here but abroad as well: In Denmark, thousands took to the streets in protest in recent weeks, vampire-squid banners in hand, when news came out that Goldman Sachs was about to buy a 19 percent stake in Dong Energy, a national electric provider

The furor inspired mass resignations of ministers from the government's ruling coalition, as the Danish public wondered how an American investment bank could possibly hold so much influence over the state energy grid.


So do you think for one minute the gas prices have gone down for altruistic reasons or do you think it’s to destroy the Russian economy.  You know, these financial terrorists will take a small hit on gas prices in order to destroy Russia’s oil based economy.  After all, they can afford to because they were just given $3 trillion in your pension funds.  From Forbes:


The Central Bank of Russia (CBR) was doing everything right. Responding to recent oil price falls, it floated the ruble and allowed it to fall in line with the oil price, intervening only to smooth out sharp price fluctuations….

The CBR’s Governor, Elvira Nabiullina – no doubt mindful of previous disastrous attempts to support falling currencies – expected that allowing the ruble to fall freely would enable Russia to ride out the storm without suffering catastrophic loss of reserves. 

If the oil price stabilized at say $65 a barrel, the ruble would also stabilize, the Russian economy would be down but not out….

And on December 15th, the United Arab Emirates’ Energy Minister suggested that oil could fall as low as $40 a barrel.

This was disastrous. The CBR’s worst-case scenario for the Russian economy assumed the oil price would fall to $60 a barrel. A price of $40 a barrel was simply unimaginable. Russia’s economy is terribly dependent on oil: if the oil price falls so low, severe economic recession is inevitable and default becomes a real possibility. The ruble’s slide worsened, bond yields spiked and CDS rose exponentially as capital flight intensified….

At midnight on December 15th/16th, the CBR announced a 6.5% rise in the interest rate. This sent completely the wrong message. Instead of calming markets, it was inevitably interpreted as panic. By morning, confidence in the CBR had evaporated and the ruble was in freefall:

Hmmm, what happened at Midnight December 15th/16th?   I believe it was the global terrorist attack perpetrated by the United States Senate.  And what do you think is the up side for Cuba with the announcement of “normalized” relations with the U.S?  

Really what does Cuba have to gain?  Cuba has done quite nicely in spite of the 60 years of U.S. insane policy driven by Cubans in Florida. 

As a matter of fact, Vladmir Putin just signed a huge trade deal with Cuba a few months ago.  Seems like yesterday I was reading this article in Politico:


HAVANA — Russian President Vladimir Putin began a six-day Latin American tour aimed at boosting trade and ties in the region with a stop Friday in Cuba, a key Soviet ally during the Cold War that has backed Moscow in its dispute with the West over Ukraine.

The two countries signed about a dozen accords in areas such as energy, industry, health and disaster prevention. Russian companies will participate in petroleum projects around Boca de Jaruco on the island's north coast, and that cooperation will extend to offshore oil deposits, Cuban government website Cubadebate said.

Putin has been treading on the turf of the financial terrorists.  Indeed, what does Cuba need from the U.S?

Another agreement covered infrastructure at a big new port project that Cuba hopes will become a regional shipping center and attract much-needed foreign investment.

"We are talking about the possibility of creating in Cuba a grand transportation hub with a possible modernization of the maritime port of Mariel and the construction of a modern airport with its respective cargo terminal," Putin said, according to an official Spanish translation of his remarks in Russian.

Moscow is also forgiving 90 percent of Cuba's Soviet-era debt, which totals more than $35 billion. The remainder will be invested in education on the island, Putin added…..

I really have to ask, what did America’s financial terrorists offer that’s better than the deal Russia is offering?   The whole thing sounds like a global financial terrorist attack.

Amid the crisis in Ukraine, Cuba and some other nations in the region have shown themselves to be sympathetic to Russia's position on the conflict, or at least not overtly critical.

Cuban official newspapers tend to characterize it as a struggle against right-wing extremism threatening ethnic Russians in Ukraine. Earlier this year, Foreign Minister Bruno Rodriguez criticized U.S. and European Union sanctions imposed on Russian individuals and pro-Russian Ukrainians.

In December 2000, shortly after his first election, Putin visited the island and pledged to reinvigorate relations.

Hmmm, December 2000, seems to me something happened in December, 2000.  Oh yeah, democracy in was murdered by the United States Supreme Court and the United States Senate.

Russia said in February that it was looking to expand its worldwide military presence, including asking permission for its navy ships to use ports in Cuba and elsewhere in Latin America. A Russian intelligence-gathering vessel has docked in Havana on multiple occasions in recent months.

Funny they should bring up Ukraine with the financial terrorist attack that resulted in their elected government being overthrown.  In Ukraine, just like Cuba, Russia offered a much better deal than the E.U. and U.S financial terrorists.  From PopularResistance:  


Finally, a little-known aspect of the crisis in Ukraine is receiving some international attention.  On July 28, the California-based Oakland Institute released a report revealing that the World Bank and the International Monetary Fund (IMF), under terms of their $17 billion loan to Ukraine, would open that country to genetically-modified (GM) crops and genetically-modified organisms (GMOs) in agriculture.  The report is entitled “Walking on the West Side: the World Bank and the IMF in the Ukraine Conflict.” [1]

In late 2013, the then president of Ukraine, Viktor Yanukovych, rejected a European Union association agreement tied to the $17 billion IMF loan, whose terms are only now being revealed.  

Instead, Yanukovych chose a Russian aid package worth $15 billion plus a discount on Russian natural gas.  His decision was a major factor in the ensuing deadly protests that led to his ouster from office in February 2014 and the ongoing crisis.

Sounds familiar doesn’t it?  Ukraine’s government was overthrown by the CIA and the financial terrorists now have Cuba is on the chopping block. 

Then there’s the release of the torture report.  No one will be prosecuted, but not to worry, the Senate’s Grand Dame, Diane Feinstein said that the thing that sets America apart from the rest of the world, is that we learn from our mistakes.  What an ass.  What sets America apart from the world is not “learning from our mistakes” it’s a justice system where a sheepherder in Afghanistan tortured after being sold into captivity will have his day in court. 

What sets America apart is the perpetrators of crime face the same justice no matter what their station in life, no matter how poor or how wealthy, but that died December 12, 2000.  From Consortium News


Rather than questioning Sony’s wisdom in producing a film that jokes about something as serious as assassinating a nation’s leader, Obama upbraided Sony’s producers for the decision to pull the movie from theaters. “I wish they had spoken to me first,” said Obama, warning them not to ”get into a pattern in which you’re intimidated…..”

President Barack Obama holds a press conference in the James S. Brady Press Briefing Room of the White House. Dec. 19, 2014…..

The irony that I saw was in Obama’s “tough-guy” advice just after he had been so intimidated by the real-life CIA that he could not muster the courage to fire those who managed and carried out a quite-unfunny policy of torture on an industrial scale – much less try to find some way to hold senior officials of the Bush/Cheney administration accountable. However great the financial loss to Sony’s bottom line, the costs attributable to Obama’s timidity are incalculably more damaging to the United States.

The global financial terrorist attack of 2008 was identified and reported on back in 2011 by Bill Gertz at the Washington Times:   


Financial terrorism suspected in 2008 economic crash

Evidence outlined in a Pentagon contractor report suggests that financial subversion carried out by unknown parties, such as terrorists or hostile nations, contributed to the 2008 economic crash by covertly using vulnerabilities in the U.S. financial system.

The unclassified 2009 report “Economic Warfare: Risks and Responses” by financial analyst Kevin D. Freeman, a copy of which was obtained by The Washington Times, states that “a three-phased attack was planned and is in the process against the United States economy….”

Yeah, no shit.

“The new battle space is the economy,” he said. “We spend hundreds of billions of dollars on weapons systems each year. But a relatively small amount of money focused against our financial markets through leveraged derivatives or cyber efforts can result in trillions of dollars in losses. And, the perpetrators can remain undiscovered.

“This is the equivalent of box cutters on an airplane,” Mr. Freeman said.

So there you have it, another phase in the Global Financial Terrorist attack occurred on December 16th, 2014.  The catastrophic effects of the stolen $700 trillion are just beginning to be realized, whether it’s the government sponsored attack on Sony, the destruction of the Russian Ruble or the absolute rape and pillaging we will see in Cuba. 

God help us.

By Patricia Baeten

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