Rand Paul Backs Away from Romney’s Neocon Foreign Policy
Kurt Nimmo
Infowars.com
October 12, 2012
On Wednesday, Kentucky senator Rand Paul issued a scathing criticism of Mitt Romney’s foreign policy speech delivered earlier in the week.
[youtube=http://www.youtube.com/watch?v=4PR_cGJyRbY]
In August, Paul came out in support of the Republican presidential candidate much to the dismay of his father’s supporters and others who saw him as inheriting Ron Paul’s political mantle.
“Romney chose to criticize President Obama for seeking to cut a bloated Defense Department and for not being bellicose enough in the Middle East, two assertions with which I cannot agree,” Paul said. “In North Africa and the Middle East, our problem has not been a lack of intervention. In the past 10 years we have fought two full wars there, and bombed or sent troops into several others.”
Paul characterized the war with Libya last year as illegal and said the president must consult Congress prior to any military action. “No president, Republican or Democrat, has the unilateral power to take our nation to war without the authority of the legislature,” he said.
The son of Texas congressman Ron Paul came out against military action by the United States in Syria. “I do not… support a call for intervention in Syria. And, if such intervention were being contemplated, it is absolutely necessary that Congress give any such authority to the president.”
“We owe it to ourselves, our soldiers and our children to take a more careful look at our foreign policy, to not rush into war, and to not attempt to score political points with wrongheaded policy ideas,” Paul concluded.
Romney’s foreign policy team is a remix of Bush’s neocons. Fifteen of the 22 members of Romney’s team were policy advisers under the Bush administration and six are former members of PNAC. More than 70 percent of Romney’s foreign policy advisers worked for the Bush administration.
“Veterans of George W. Bush’s administration pepper the team, including Cofer Black, a former CIA official and executive at the controversial private-security firm Blackwater USA. Also on the list: Eliot Cohen, who worked in the State Department under Secretary of State Condoleezza Rice, and Paula Dobriansky, who served in both Democratic and Republican administrations, including as undersecretary for democracy and global affairs in the Bush years,” the Wall Street Jounral wrote in July.
“Romney’s malleability is an advantage for his neocon advisers, giving them an opportunity to shape his worldview, as they did with Bush after 9/11,” writes Ari Berman, who has covered the neocons and their agenda extensively. “Four years after Bush left office in disgrace, Romney is their best shot to get back in power. If that happens, they’re likely to pursue the same aggressive policies they advocated under Bush,” including taking out Syria and Iran.
Month: October 2012
[youtube=http://www.youtube.com/watch?v=PCtemaHgjyA]Laughing at the Issues
Published on Oct 11, 2012 by rnc
Related:
My Dream: The Name of the Antichrist Revealed — Joe Biden??
Biden Tells Roberts: You Will Rule On Human Microchipping
Joe Biden: Brussels is now the capitol of the ‘free’ world. “You’ve taken on more powers…and we welcome it.”
All of my Joe Biden posts at ToBeFree
[youtube=http://www.youtube.com/watch?v=MYQLSPdwATY]CFR, Trilateral Commission & Atlantic Council Draft War | Brainwash Update
Published on Oct 11, 2012 by breakingtheset
Abby Martin highlights a few of the most influential Think Tanks and policy groups that have created a revolving door between the government, multinational corporations, and media groups.
LIKE Breaking The Set @ http://fb.me/BreakingTheSet
FOLLOW Abby Martin @ http://twitter.com/AbbyMartin
[youtube=http://www.youtube.com/watch?v=vxZ1g3-2qKU]Reality Check: Is SCOTUS Putting An End To “Personal” Property?
Published on Oct 10, 2012 by BenSwannRealityCheck
Ben Swann Reality Check takes a look at a case before the Supreme Court that would mean the end “first rule principle” for selling personal property that origniates overseas
[youtube=http://www.youtube.com/watch?v=K9VLp0FcJ6I]Reality Check: Is This The End of The Petro-dollar?
Published on Oct 9, 2012 by BenSwannRealityCheck
Ben Swann Reality Check explains the petro-dollar and looks at how the national media isn’t telling you that China is actively working to end it
Minute 6 19 24 26 26b sovereignty
[youtube=http://www.youtube.com/watch?v=BYLzejdwJBg]CNN Insider: CNN is A Hoax
Published on Oct 4, 2012 by TheAlexJonesChannel
If you’ve been paying attention, you know that the American media act as presstitutes for rich and powerful Americans.
But it turns out that the American media will turn “tricks” for foreign johns as well …
Specifically, three time Emmy award winning reporter Amber Lyon was until very recently a respected CNN reporter:
Lyon was fired from CNN after she refused to stop reporting on her first-hand experience of the systematic torture and murder of peaceful protesters by the government of Bahrain.
Lyon’s special report on Bahrain was scheduled to run on both CNN’s U.S. and international networks, but was pulled after only a limited showing due to pressure from the Bahrainis and their lobbyists.
At the same time that Lyon was risking her life to do on-the-ground reporting in Bahrain, another CNN journalist was filming a paid propaganda piece on how the Bahraini leaders are a bunch of friendly pro-democracy reformers.
That’s right … the Bahraini government paid CNN to do what was literally an infomercial for that brutal regime and pretend it was real journalism.
Lyon says that China and many other foreign, authoritarian regimes also pay CNN and other mainstream networks to run flattering propaganda pieces. http://www.infowars.com/3-time-emmy-award-winning-cnn-journalist-mainstream-m…
http://www.infowars.com/ http://www.prisonplanet.tv/ http://twitter.com/#!/RealAlexJones http://www.facebook.com/AlexanderEmerikJones
The neocon reverse-Christian slaughtering continues through Romney,
supported by American ‘Christians.’
* * *
“He who lives by the sword dies by the sword.”
“Blessed are the peacemakers,
for they shall be called children of God.”
– Jesus
– –
From: Prison Planet
Romney Vows To Arm Al-Qaeda Terrorists In Syria
Presidential candidate to back militants who burn U.S. flag in public
Paul Joseph Watson
Prison Planet.com
October 8, 2012
Mitt Romney will vow to arm Syrian rebels today during a major foreign policy speech, illustrating once again how there is virtually no difference between Romney and Obama when it comes to serving the interests of the military-industrial complex.
“Mitt Romney will call for an escalation of the conflict in Syria by arming rebels with the heavy weapons needed to confront president Bashar al-Assad’s tanks, helicopters and fighter jets,” reports the London Guardian.
“Romney is to make the proposal on Monday in what his campaign team has billed as a major foreign policy speech in Lexington, Virginia.”
In promising to arm the “Syrian” rebels – the majority of whom are not even Syrian – Romney has pledged to send taxpayer money to Al-Qaeda militants who have been responsible for carrying out terrorist attacks which have killed hundreds of people.
The Obama administration has already sent over $200 million dollars in “humanitarian” and non-lethal aid to the rebels, while the CIA has helped the likes of Saudi Arabia, Turkey and Qatar funnel heavy arms to rebel groups in the region.
As the London Guardian reported in July, rebels in Syria are admittedly being led by Al-Qaeda terrorists, who meet with them “every day” and train them how to make bombs.
The Council on Foreign Relations, America’s most influential foreign policy think tank and a close ally of the U.S. State Department, recently praised the presence of Al-Qaeda fighters in Syria, while the RAND Corporation reportedthat the terrorist group had been responsible for suicide attacks and car bombings that have caused more than 200 deaths and 1,000 injuries. Given a spate of recent attacks, these numbers have probably at least doubled since then.
As we have previously highlighted, Syrian rebel fighters are routinely photographed wearing the Al-Qaeda motif. There are also innumerable You Tube videos that show opposition forces flying the Al-Qaeda flag – the same distinctive black flag with white Arabic lettering that was flown by rioters during anti-U.S. demonstrations in numerous countries last month.
Syrian opposition forces have also been filmed on several occasions burning the U.S. flag. An opposition fighter recently spoke of his desire to see the Al-Qaeda flag fly over the White House once the rebels are victorious across the region. These are the same people Mitt Romney is pledging to support with heavy weaponry.
French Surgeon Jacques Bérès, who worked at a hospital in Aleppo admits that at least half of the militants he treated for injuries were Al-Qaeda terrorists whose goal is to impose sharia law across Syria and the whole region. A German report estimated the figure of foreign fighters in Syria to be even higher – a staggering 95 per cent.
FSA rebels have also committed acts of brutality that equal anything the regime of President Bashar Assad has been accused of, including massacres and war crimes such as forcing prisoners to become unwitting suicide bombers.
Given that conservative commentators have slammed Obama for his failed foreign policy in backing some of the same militants in Libya who later attacked the US Consulate in Benghazi, will they also skewer Romney for vowing to support Islamic extremists in Syria, especially given the fact that many of the fighters in Syria are Libyan militants?
Although the media is ludicrously framing Romney’s approach to Syria as a change in direction from Obama’s, it merely represents an intensification of the same policy.
Romney’s aim, or the aim of the neo-con advisers telling him what to say, in escalating the conflict in Syria is to draw Iran into the mix, risking the United States’ involvement in another unaffordable conflict and potentially triggering a chain of events that analysts have warned could lead to world war three.
Further illustrating Romney’s commitment to prolonging a disastrous foreign policy that has cost 2,000 American lives and achieved virtually nothing as the conflict enters its 12th year, the former Governor of Massachusetts will also signal his intention to keep U.S. troops in Afghanistan beyond the 2014 deadline – a war that was supposed to eliminate the very Al-Qaeda terrorists Romney now seeks to arm in Syria.
*********************
Paul Joseph Watson is the editor and writer for Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a regular fill-in host for The Alex Jones Show and Infowars Nightly News.
Related:
Ron Paul: Christian Just War Theory — “Evidently, I have been reading a different Bible. I remember something about ‘Blessed are the Peacemakers’”
Ron Paul’s Biggest Eye-Opener: ‘Christian’ Evangelicals Pushing Preemptive War in the Name of Spreading Christian ‘Love’
Ron Paul’s Christlike Attitude: Love, Peace & Hope – No *Initiation* of Aggression!
Chuck Baldwin: Why Do Evangelicals Ignore Ron Paul? | My Opinion
Ron Paul: “I’m supporting Chuck Baldwin” & “the most difficult group to recruit has been the evangelicals who supported McCain and his pro-war positions”
Ron Paul’s Statement of Faith
The Amazing Ron Paul: Bribe Money — “Wars should not be covert or casual. We absolutely should not be paying off leaders of a country while killing their civilians…. This is not what America is supposed to be about.”
Pat Buchanan: “On foreign policy … Ron Paul and Sarah Palin are on opposite sides completely.” What would Jesus do?
Sarah Palin demonstrates why most evangelicals dissed Ron Paul, who wanted to bring the troops home. ‘Christians’ have two sets of books: one for US and one for THEM (“who don’t deserve rights”). THEY’re not our ‘neighbor’ whom Jesus commanded US to love as much as ourselves. Maybe that’s why most evangelicals refuse to investigate 9/11. If THEY didn’t take down the towers…???
What is Anchorage’s new statue sitting there thinking? “Why does Alaska still support Sarah Palin, the OPPOSITE OF RON PAUL on foreign interventionism?” — & — “Why did ‘Christians’ in this town vote for George W. Bush, the OPPOSITE OF JESUS on foreign interventionism, TWICE?”
Sarah Palin: U.S. Troops in Iraq Doing God’s Will — “A Task that is From God”
Can Sarah Palin be a real, going-to-heaven Christian?
John Hagee calls for a preemptive strike on Iran
Fenske on Chuck Norris’ “Would Jesus Support War?” – ‘A God of War’ & ‘*a* Prince of Peace’
My observation: Satan is using US to take out regimes that oppose his one-world government/anti-Christ reign. Be on God’s side. Don’t follow the crowd; follow Jesus. “Come out from them and be separate,” says God. Be holy. Let’s love!
Alex Jones: Qaddafi is another tyrant the globalists can’t control, so they’re going after him. The globalists are running the whole world and mopping up the final few countries they don’t control. They’re knocking over the old puppets, putting new ones in.
EXCELLENT! Cynthia McKinney: Obama’s So Called Humanitarian Aid to Libya is A Disaster: “The American people are being lied to.” Kadafi was standing in the way of a globalist, Mediterranean states alliance with Europe.
Col. Bob Bowman: The immorality they’re foisting on this country — We haven’t been the good guys for a long time. The countries we’ve invaded happen to be the few countries in the world that are not part of the Rothschilds’ banking cartel.
Pastor Chuck Baldwin: Will Evangelicals Ever Admit They Were Duped by Bush?
Reverse-Christian George W. Bush: ‘D___ right’ I personally ordered waterboarding — When will evangelicals admit they were wrong, voting for this known Skull and Bonesman for even his 2nd term?
[Reverse-Christianity] Torture and the American Conscience: Most white ‘Christian’ evangelicals and white Catholics condone torture
President Bush — “Bad Fruits versus Good Fruits” List
Paul’s Elders’ qualifications revisited: What does ‘BLAMELESS’ mean? — Most pastors are biblically disqualified
The Boot-Camp Factor: The Hate & Anger Factory Where Men are Programmed to Kill and Then Become Our Dads?!! Our Pastors?!!!
Ron Blessed-are-the-PEACEmakers Paul: U.S. War On Libya Totally UnConstitutional | Jesus: Peacemakers = “Children of God”
Who-Goes-To-Heaven Scriptures — Narrow is the Way | Who are the Children of God?
Ron Paul on Evangelical Christians Expected to Be Pro-War All the Time
Ron Paul on what precedes LIBERTY: Life “and I mean all LIFE!”
Ron Paul: “Fascism Comes Wrapped In A Flag, Carrying A Cross”
Ron Paul: Jesus is the Prince of PEACE, Not Preemptive War
Ron Paul’s Christlike Attitude: Love, Peace & Hope – No *Initiation* of Aggression!
Ron Paul Speaks To The Right To Life Foundation
Ron Paul at the Faith & Freedom Coalition Conference: “Life does begin at conception.” — We would like to think all we have to do is elect the right politicians and everything is going to be okay. But the government is a reflection of the people. The people change before the laws change. Morality has a lot to do with legislation.
Lew Rockwell: The Enemy is in Washington. That’s why RON PAUL runs NOT FOR GLORY, not for POWER, not for CONTROL. He runs to dismantle the aperatus in Washington. He wants to stop the war, stop the Fed’s counterfeiting, stop the rip-offs for the big bank, the big corporation, and for Big Pharma.” | CAN RON PAUL WIN? CAN THE ‘CHRISTIANS’ put their DESIRE FOR BLOOD below their desire to have some kind of standard of living…?
“Blessed are the PEACEMAKERS” Ron Paul: Well meaning church people are keeping the “war on drugs” [the war against the CIA’s competition] going, which helps finance the dark side of our government — our own demise!
Vote For Peace – Ron Paul 2012 — “Blessed are the peacemakers, for they shall be called children of God” – Jesus
[Repentance from Power-OVER music video] Golden State: Bombs (End This War/The Ron Paul Song) — “It’s not impossible that we can end this war / Just let your heart explode / It’s not to late for a miracle! — No more lying; No more sighing; I’m still trying, Arms wide open!” | Lets’ be real Christians — “Blessed are the PEACEMAKERS, for they shall be called CHILDREN OF GOD” – Jesus
[Daily Paul comment] The real reason evangelical ‘Christians’ won’t support Ron Paul — “the so called evangelical right wing’s incredible and insatiable lust for war. War is not a family value. War is certainly not a Christian value. … Christ’s views on love and peace and so forth are pretty clearly spelled out. … Many professing Christians will be numbered with the goats on judgement day.”
[youtube=http://www.youtube.com/watch?v=VlwnVSISNWk]Rosa Koire Rips Away Green Mask of NWO’s Blueprint for Global Takeover
Published on Oct 5, 2012 by TheAlexJonesChannel
UN Agenda 21/Sustainable Development is implemented worldwide to inventory and control all land, all water, all minerals, all plants, all animals, all construction, all means of production, all information, and all human beings in the world. INVENTORY AND CONTROL.
http://www.democratsagainstunagenda21.com/
Behind The Green Mask: U.N. Agenda 21
http://www.infowarsshop.com/Behind-The-Green-Mask-UN-Agenda-21_p_585.html
Your Price: $17.00
Related: NSA Whistleblower Details How The NSA Has Spied On US Citizens Since 9/11
After 9/11, they took one of the programs I had done, or the back-end part of it, and started to use it to spy on everybody in this country. So that was a program they created called “Stellar Wind.” – William Binney, 32-years-NSA Whistle-blower
The 8-minute video, adapted from an ongoing project by Poitras that is to be released in 2013, has footage of the construction of the NSA’s $2 billion data storage facility in Bluffdale, Utah, which Binney says “has the capacity to store 100 years worth of the world’s electronic communications.”
– –
Transcript excerpts:
[Narrator] Following 9/11, the National Security Agency began a top-secret surveillance program to spy on U.S. citizens without warrants. Code-named Stellar Wind, or “The Program” to insiders, the full scope of the surveillance has not been made public. …
Binney worked at the NSA for 32 years. He is regarded as one of the best mathematicians and code breakers in the NSA’s history.
[William Binney, NSA Whistle-blower] After 9/11, they took one of the programs I had done, or the back-end part of it, and started to use it to spy on everybody in this country. So that was a program they created called “Stellar Wind.” …
Here’s the real grand design. Every domain, think of a domain as an activity, a specific type of activity: phone calls; or banking is another domain. So, if you think of graphing each domain, and then each graph, then turning it into a third dimension, the trick now is to map through all the domains in that third dimension, pulling together all the attributes that any individual has in every domain. So that now I can pull your entire life together from all those domains and map it out, and show your entire life over time. …
The purpose is to be able to monitor what people are doing. You build social networks for everybody. That then turns into the graph, and then you index all that data to that graph, which means you can pull out a community. That gives you the outline of the life of everybody in the community, and if you carry it over time from 2001 up, you have that ten years worth of their life that you could lay it out in a timeline that involves anybody in the country. Even Senators, and House of Representatives, all of them. The dangers here are that we fall into something like a totalitarian state like East Germany.
• • •
NY Times:
The Program
The filmmaker Laura Poitras profiles William Binney, a 32-year veteran of the National Security Agency who helped design a top-secret program he says is broadly collecting Americans’ personal data.
NSA Whistle-Blower Tells All – Op-Docs: The Program
Published on Aug 29, 2012 by TheNewYorkTimes
BEAUTIFUL!
[youtube=http://www.youtube.com/watch?v=t9yLmZhJrJM]Scott Stapp & PS22 Chorus “Pray for Sunrise”
Published on Oct 4, 2012 by agreggofsociety
http://ps22chorus.blogspot.com
http://facebook.com/ps22chorus
http://twitter.com/ps22chorus
Yesterday Scott Stapp, lead singer of the band Creed, was cool enough to take some time out from promoting his new book, “Sinner’s Creed” to make some time to meet and sing a couple of songs with PS22 Chorus! The kids joined Scott on his new song, “Pray For Sunrise” and the classic Creed hit “With Arms Wide Open.” Scott really opened up to the kids and inspired all of us deeply with his music and his story….
[youtube=http://www.youtube.com/watch?v=EmAC2xgX0h8]Scott Stapp & PS22 Chorus “With Arms Wide Open” by Creed
Published on Oct 4, 2012 by agreggofsociety
http://ps22chorus.blogspot.com
http://facebook.com/ps22chorus
http://twitter.com/ps22chorus
Another amazing performance from CREED frontman Scott Stapp with the PS22 Chorus of 2013 — here is the band’s classic song, “With Arms Wide Open!” Can’t sing Scott’s praises enough — as a singer and as a gentleman this man is in a league of his own! So honored to have him stop by….
Also thanks to former chorus member Daniel-san for stopping by to join in on the bongos, to Mr. Eberle on the acoustic guitar, and of course to our camera-woman extraordinaire, Ms. Lisa, for filming the performance!
“Some people say we need a third party.
I wish we had a second one.”
– Jim Hightower
From: Dr. Mercola
BUSTED: This Popular “Independent” Health Website is Deceiving You
[…]
The WebMD matrix is a maddening, vicious circle of conflicts of interest that creates all manner of deceit and deception. But these shenanigans are still easy to identify and avoid.
Just Follow the Money.
It is an easy trap to fall in. Over 50 years ago JI Rodale founded Prevention Magazine and it was one of the top ten most read magazines in the country. Rodale was a leader in promoting natural medicine, a true pioneer and defender of health truth.
Unfortunately he made the typical mistake of leaving the business to his children. I learned from someone who was their health editor at one time, that his children actually shifted the ads from natural medicine to drugs and processed foods because they could earn substantially more profit.
Had JI Rodale left his business to a foundation, natural medicine would be much further ahead today. Instead Prevention Magazine is now just another mouthpiece for the drug and food industry and virtually everyone who understands natural medicine ignores it.
Similarly, with WebMD in my opinion, if you follow the money behind much of its advice (and definitely all of its subliminal marketing messages), it leads right back to the coffers of the processed food industry and the pharmaceutical cartel, which also, incidentally, pays WebMD’s government partner, the FDA, to hurry up and approve their poorly tested drugs – so they can advertise them on WebMD, and so on and so forth.
I’m sure by now you can follow the dots and can draw your own circular maps with arrows marking the many conflicts of interest that exist between this unholy alliance of so-called independent health advisors, pharmaceutical companies, processed food companies, and the regulatory agency, the FDA.
“It’s never going to end.”
– God
* * *
[youtube=http://www.youtube.com/watch?v=Ki1kdlURm90]TSA to install molecular body scanners
Published on Oct 2, 2012 by RTAmerica
TSA is introducing the new full body scanner system to the American airports. The scanners will be capable of detecting every tiny trace of any substance of your body to find gunpowder or any bomb making materials. However the devices can also trace the level of adrenaline in the body. RT’s Kristine Frazao has more on the subject.
* * *
From: Natural Society
TSA to Implement Body Scanners that Instantly Know Everything About your Body
Because of the device’s portability and ease of use, it may even begin to show up at athletic events, movie theaters, traffic lights, and bus and train stations. While this may, for whatever reason, seem like a welcome sense of security to some, it’s a blatant breach of the Fourth Amendment to our Constitution which protects citizens from unreasonable searches and seizures.
One of the comments read:
“Everyone on that stage have attended Bilderberg meetings.”
* * *
[youtube=http://www.youtube.com/watch?v=BLrUZSS8-gI]Hillary Clinton Laughs At Possible War With Iran (Disgusting)
Published on Oct 3, 2012 by Conservative1001BG
Couple of neocons giggling about war.
Related:
[2007 Video] Hillary Laughs About Bombing Iran
McCain Laughs, Sings “Bomb Bomb Bomb Iran”
McCain Laughing About Killing Iranians Again
Huckabee Thinks McCain’s “Bomb Bomb Bomb Iran” Was Funny
N.H. Debate: Candidates Mock Ron Paul – Persecuted for Righteousness!
[youtube=http://www.youtube.com/watch?v=_d2bCirm6NA]Henry Kissinger Says Luke Rudkowski Is A Sick Person for Questioning Him on NSM 200
Published on Sep 25, 2012 by wearechange
Please help support WeAreChange we can only survive and continue our work with your help http:///www.wearechange.org/donate
Follow Luke on twitter @ http://www.twitter.com/lukewearechange
Read about National Security Study Memorandum 200 here http://en.wikipedia.org/wiki/National_Security_Study_Memorandum_200
NSC advisor Jones: “I take my daily orders from Dr. Kissinger”
http://www.cfr.org/defensehomeland-security/remarks-national-security-adviser…
Related:
[ video ] Luke Rudkowski confronts global criminal Henry Kissinger again
[‘They’ couldn’t be that evil?] Henry Kissinger: “Military men are dumb, stupid animals to be used as pawns for foreign policy”
Kissinger: Obama’s ‘Task’ is to Help Create a ‘New World Order’ — Chaos is an ‘Opportunity’
Obama’s National Security Advisor Jones: “I take my daily orders from Dr. Kissinger”
Kissinger Sent to Russia to Cut New World Order Deal
Globalist Kingpin, Henry Kissinger to teach Sarah Palin about foreign affairs
From: answers.yahoo.com
Did Henry Kissinger really say this about military men?
“Military men are dumb, stupid animals to be used as pawns for foreign policy.”
The sentence was reported in “The Final Days”, Bob Woodward and Carl Bernstein
It was said by Kissinger in front of Alexander Haig, newly appointed White House chief of staff, in Haig new office in 1973
I quote to you the sentences related: as you may notice the quote between brackets is “dumb, stupid animals to be used” that was never denied by Kissinger
Quote:
….
In Haig’s presence, Kissinger referred pointedly to military men as “dumb, stupid animals to be used” as pawns for foreign policy. Kissinger often took up a post outside the doorway to Haig’s office and dressed him down in front of the secretaries for alleged acts of incompetence with which Haig was not even remotely involved. …
Source(s):
Bob Woodward & Carl Bernstein
The Final Days
second Touchstone paperback edition (1994)
Chapter 14, pp. 194-195
Entire Article Here
Related:
Henry Kissinger Tells Luke Rudkowski to “Go to Hell” for Asking a Question
Kissinger: Obama’s ‘Task’ is to Help Create a ‘New World Order’ — Chaos is an ‘Opportunity’
Obama’s National Security Advisor Jones: “I take my daily orders from Dr. Kissinger”
Kissinger Sent to Russia to Cut New World Order Deal
Globalist Kingpin, Henry Kissinger to teach Sarah Palin about foreign affairs
The unconstitutional ‘Federal’ Reserve banking cartel’s money policy is disgusting, sinister, and is destroying the U.S. economy and country. But these international banksters have ways of enriching themselves and their friends without causing massive inflation, making our currency worthless all at once — like many would expect when $Trillions are created from nothing.
According to Joel Skousen, the dollar will experience a slow death. Otherwise, too many would wake up….
We’re in the slow cooker.
jeff
_ _
From: Charles Hugh Smith
Why QE Won’t Create Inflation Quite as Expected (September 27, 2012)
The Fed can create money but if it doesn’t end up as household income it is “dead money.”
In the consensus view, the Federal Reserve’s unlimited quantitative easing (QE3) programs will do two things: 1) boost stocks and other “risk on” assets and 2) generate inflation. The two follow-on effects are related, of course; gold and other hard assets are rising in anticipation of higher inflation.
But all is not quite as it seems when it comes to the inflationary effect of creating money. I’m going to cover a lot of ground here so buckle up and grab your favorite stimulating beverage.
Let’s use some examples to illustrate key features of the relationship between money creation and inflation. Let’s say a central bank prints $1 trillion in cash currency, digs a big hole and buries it. Does that $1 trillion in new money cause inflation? No, because it never got into the hands of people who might trade it for goods and services in the real world.
Recall that the premise of monetary inflation is straightforward supply and demand: when money is abundant and goods are scarce, the price of goods rises as abundant demand (everybody has lots of cash or credit) meets limited supply (limited oil, gold, grain, etc.) in an open marketplace.
Let’s say the Fed electronically creates $1 trillion and metaphorically buries it in some account where it sits as “dead money.” It cannot trigger inflation because it isn’t reaching the hands of people who might use it to buy scarce goods and services.
Let’s also recall that money is destroyed, not just created, when assets fall in value and bad debt is written down. Consider a house purchased for $350,000 at the top of the real estate bubble with a $50,000 cash down payment and a $300,000 mortgage. The owner defaults and the house is sold for $150,000. The $50,000 down payment was cash; it was not “on paper.” It has not been transferred to someone else; it has vanished.
The same can be said of the $150,000 the bank lost on the mortgage. The bank’s cash reserves (capital) take a $150,000 hit. That was real money, too, and it wasn’t transferred to someone else; it disappeared. Thus $200,000 of real money has been destroyed.
To the degree that immense overhangs of bad debt are slowly being written off, money is being destroyed. If the Fed “prints” $500 billion a year, and write-downs erase $500 billion, the money supply hasn’t expanded at all.