Monday, June 24, 2019

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Your Bitcoin is NOT Anonymous: IRS Moves To Track Bitcoiners With New Chain Analysis Tools

by Mac Slavo, SHTFPlan:

Last month Alt-Market.com founder Brandon Smith warned that Bitcoin may not be all that it’s cracked up to be in terms of its purported anonymity:

For years, one of the major original selling points of bitcoin was that it was “anonymous.” It always surprised me that so many people in the liberty movement bought into this scam. Surely after the revelations exposed by Edward Snowden and organizations like Wikileaks, it is utterly foolish to believe that anything in the digital world is truly “anonymous.” The feds have been proving there is no anonymity, even in bitcoin, for some time, as multiple arrests using bitcoin tracking have indeed occurred when the FBI decided it was in their interest. Meaning, when the feds want to track bitcoin transactions, they can, and it does not matter how well the people involved covered their actions.

Because every transaction exists on a public blockchain ledger, an enterprising organization – say like the NSA or IRS – could conceivably implement blockchain analysis tools to track down Bitcoin fund transfers around the globe. These days most bitcoin transactions are originated on “trusted” exchanges that exist in Western nations, where governments have always found new and innovative ways to ensure citizens have no privacy whatsoever, especially when it comes to personal finances. This means that there is more than likely a record of your original Bitcoin transaction, perhaps involving a credit card or bank transfer, and if regulators ask an exchange to turn over the information you can bet they’ll do so in order to avoid unwanted government scrutiny. Moreover, most exchanges now require a driver’s license, passport and even a phone number in order to approve your account for trading.

The point is, for government investigators with a bone to pick, your crypto currency activities online may not be as anonymous and private as you may think.

In fact, so exposed is the blockchain to Big Brother monitoring and interference, that the Internal Revenue Service has now implemented blockchain analysis tools to help them track down individuals who are profiting off the crypto currency and not declaring these profits on their tax returns.

Via Bitcoin.com:

According to a contract recently obtained by the Daily Beast, the IRS can now track bitcoin and other cryptocurrency addresses. They can do this to route out potential tax evaders. They purchased software from the blockchain analysis group Chainalysis.

The document details that “criminals” have used digital currencies to launder money, deal drugs, and commit other unlawful behavior. However, criminals have also been using digital currencies to ignore tax liabilities and evade responsibility. The Daily Beast article elaborated:

The document highlights how law enforcement isn’t only concerned with criminals accumulating bitcoin from selling drugs or hacking targets, but also those who use the currency to hide wealth or avoid paying taxes.

Reason for IRS Crackdown; Tracking Bitcoiners

The reason the IRS is cracking down on digital currencies appears to be because only 802 people declared bitcoin profits or losses in 2015. The Daily Beast article suggests that many people may have not expected the IRS to collect on digital currencies. Others may have just thought they could easily sidestep this alleged obligation.

Read More @ SHTFPlan.com

Negative interest rates have come to America

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by Simon Black, Sovereign Man:

One of the truly mind-boggling absurdities in modern finance has been the creation of ‘negative interest rates’ around the world.

Negative interest rates are particularly prominent in Europe.

Starting back in 2014, the European Central Bank (ECB) slashed its main interest rate to below zero.

One bizarre effect of this policy is that some banks have passed on these negative interest rates to their retail depositors.

This trend has persisted across Europe, Japan, and many other parts of the world.

Yet at least Americans were able to breathe a sigh of relief that negative interest rates hadn’t crossed the Atlantic.

Well, that’s not entirely true.

Recently I was reading through Bank of America’s most recent annual report; it’s filled with some shocking facts about the -real- level of wealth in the Land of the Free… which I’ll tell you more about next week.

But here’s one of the things that caught my eye: Bank of America has $592.4 billion in deposits from retail customers, i.e. regular folks who bank at BOA.

And according to its annual report, BOA paid its retail depositors an average interest rate of 0.04{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} last year.

Seriously. That’s a tiny, laughable amount of interest. But hey, at least it’s positive.

That 0.04{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} average rate means the bank paid its retail depositors a total of $236 million in interest.

Yet at the same time, Bank of America charged those very same retail depositors $4.1 BILLION in fees.

So in total, small depositors forked over a net sum of $3.8+ billion to Bank of America last year for the privilege of holding their money at the bank.

Based on the bank’s total consumer deposits of $592.4 billion, it’s as if the bank had charged its customers a negative interest rate of 0.64{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}.

What’s the point?

It’s one thing to pay fees to a bank that will safeguard your capital and act in the most conservative way possible.

People pay fees to storage companies to safeguard their wine collections, baseball card collections, all sorts of stuff.

We even pay fees for safety deposit boxes to store important documents.

So in principle there’s nothing wrong with paying a bank a reasonable fee to safeguard your money.

But that’s not what banks do.

They use our savings to speculate on whatever the latest investment fad of the day happens to be… whether it’s sub-prime auto loans, collateralized debt obligations, or some exotic derivative that no one understands.

Your savings are not sitting in a vault being guarded by burley men with shotguns.

To be frank, we have no idea what they’re doing with our money.

And it hardly seems worth paying the bank to let them gamble with your hard-earned savings.

We’re talking about an industry, after all, where hardly a month goes by without some major scandal.

They’ve been caught red-handed opening phony accounts, manipulating interest rates, fixing exchange rates, front-running their customers, etc.

Earlier this week, in fact, the CEO of Wells Fargo announced that more bad news of a major scandal would soon hit the news headlines.

It never stops.

Why does anyone continue to have confidence in these people… AND pay them… when there’s absolutely zero doubt that they cannot be trusted?

There are MUCH easier options. For one, consider holding at least a portion of your savings in cash. And I mean physical cash.

Buy a safe (they’re cheap) and become your own banker. Eliminate the corrupt middleman who stands between you and your money.

Worst case, you save money. No more fees. No more being treated like a criminal terrorist.

And what are you missing out on? 0.04{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} interest. Not much of an argument there.

Read More @ SovereignMan.com

Why The Shale Oil “Miracle” Is Becoming A “Debacle”

by Chris Martenson, Peak Prosperity:

Energy is everything. 

This is an amazingly important concept. Yet it’s almost universally overlooked.

Sometimes it’s hard to appreciate the magical role energy plays in our daily lives because most of what we experience is a derivative of it. The connection is hidden from direct view.  Because of this, most people utterly fail to detect or appreciate the priceless and irreplaceable role of high net-energy fuel sources (such as oil and gas) to our modern lifestyle.

With high net-energy, society enjoys increasing complexity and technological advances. It’s what enables us to pursue massive goals like desalinating billions of gallons of seawater, or going to Mars.  But without high net-energy fuel sources, our capabilities quickly regress to those of decades — or even centuries — past.

Which is why understanding where we truly are in the ‘net-energy story’ is so incredibly important. Is the US on the cusp of being “energy independent” from here on out? Is the “shale miracle” ushering in a glorious new ‘boom’ era that will vault America to unprecedented prosperity?

No. The central point of this report is that the US is deluding itself when it comes to energy abundance (generally) and oil (specifically).

Yet that’s not what we hear from the cheerleaders in the industry or in our media. From them, we hear a silver-tongued narrative of coming riches — a narrative that contains some truth, some myth, and a lot of fantasy. 

It’s those last two parts — the myths and fantasies — that are going to seriously hurt many investors, as well cause a lot of extremely poor policy and investment decisions. 

The bottom line is this: The US shale industry resembles a fraudulent Ponzi scheme much more so than it does any kind of “miracle”.

How do I know that?  Because, collectively, US shale companies have lost cash in every year of their existence.  The burned through cash when oil was $100 — and again when it was $90, $80, $70, $60, $50, $40, and $30 a barrel.  They burned through cash in 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015 and 2016.

You don’t have to be a finance guru to appreciate or understand that any industry that persistently burns through cash is a bad deal.  Especially one whose prime product – shale wells – principally deplete (-85{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}) in roughly three years.  If you’ve been in business for 9 years drilling wells that mostly run out in 3 years, and you haven’t managed to produce positive cash flow at any point along the way, then it’s time to admit that your business model simply doesn’t work.

As even The Economist magazine recently noted:

The [US shale] industry has also lifted productivity. Drilling is faster, more selective and more accurate, and leakage rates are lower. Wells are being designed to penetrate multiple layers of oil that are stacked on top of each other.

But the fact that the industry makes huge accounting losses has not changed. It has burned up cash whether the oil price was at $100, as in 2014, or at about $50, as it was during the past three months.

The biggest 60 firms in aggregate have used up $9bn per quarter on average for the past five years.

As a result the industry has barely improved its finances despite raising $70bn of equity since 2014. Much of the new money got swallowed up by losses, so total debt remains high, at just over $200bn.

(Source)

Let’s run that math. Five years is 20 quarters. That times $9 billion/quarter is $180 billion dollars in cumulative operating losses. This begins to give us a sense of the magnitude of losses investors will face when the music finally stops.

Or we could note the $200 billion of total debt outstanding for the industry.  Hmmmm…with WTIC oil at $47/barrel, a typical wellhead price (that the operators actually receive being less than WTIC, always) might be closer to $40.  $200 billion divided by $40 means that 5 billion barrels of future wellhead production is required just to pay back the debt! 

If the industry decided to use the next 5 billion barrels coming out of the ground to debt reduction (it never would decide this, but bear with me for the sake of this intellectual exercise), we’d also need to include the time value of money (and actual production rates over time) and observe that the debt carries an interest rate of 5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} to 8{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} (depending on the company). Taking that into consideration, then the next 6 billion barrels would be required to satisfy the debt, plus interest payments! 

Oh, right. And then there’s the issue of repaying the $70 billion of equity raised since 2014. With some sort of return, if possible, of course.

I hope you see the same staggering disconnect in these numbers I do. Which is why, without have to go too far out on a limb, I’ll state that massive losses are coming to the (bag)holders of all this debt and equity.

So why care? Because you need to understand these details in order to position yourself properly for the future. The implications are enormous.

The Danger Behind Myths and Fantasies

Once you become aware of the magical thinking involved, you then have a chance of knowing why the future is going to be very difficult for the shale industry, its investors, and then the nation(s) depending on its oil production.

Hey, sometimes myths and fantasies are harmless to hold. Like dreaming that someday you’ll be a major rock star.

But some can be incredibly damaging because they lead to poor life choices and decision-making. Like emptying your bank account to bet on the Powerball lottery, where your chances of winning are 292,201,338 to one. Or committing your nation to a ground war in Asia thinking you can “win”. 

The promise of US shale oil is a very dangerous siren song. It was so carefully marketed to gullible investors that even Obama’s speechwriter and fact checkers got swept along.  This is from Obama’s State of the Union speech from 2014:

Now, one of the biggest factors in bringing more jobs back is our commitment to American energy.  The all-of-the-above energy strategy I announced a few years ago is working, and today, America is closer to energy independence than we’ve been in decades.

(Source)

What does “energy independence” mean?  It turns out, this crowd-pleasing phrase is a fantasy that lacks any useful grounding in reality.  What  those who claim “energy independence” are doing are lumping all forms and sources of energy into a single bucket, and then asking if the size of that bucket matches our current demand.

This is an inappropriate and dangerously misguided way to look at things is because the various types and sources of energy are not interchangeable.  They don’t function the same way. They generally can’t be substituted for each other. And they don’t cost the same.

For example, your automobile might run on gasoline which costs $2.50 a gallon.  Suppose instead you could buy coal cheaper than gasoline on a BTU basis; is that any help to you as an auto driver?  Would you suddenly put crushed coal into your gas tank instead of gasoline? No, of course not.

What if you had a micro hydro plant operating in your backyard and could extract a more Kilowatt hours of electricity from it each week than you needed. Would that make you “energy independent?”

Not if you drive a car that requires gasoline. Or cook on a gas-powered stove. Or heat your house with an oil-burning furnace.

The same is true for the US (or any country). A country is not “energy independent” unless it can meet all of its national energy demands with enough BTUs in each of the needed fuel types. Just looking at oil alone, the US still imports millions of barrels per day — even with the “shale miracle”. I’ll get into this more deeply in just a moment.

Read More @ PeakProsperity.com

What Really Is 5G About?

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by Catherine Frompovich, Activist Post:

After my article “Is This What You Want Outside Your Bedroom Window” appeared, one of the EMF researchers, whom I network with, emailed comments, which I have permission to share with readers.  The researcher wants to remain anonymous, which I respect, but was a former military radar specialist and also worked as a radiology specialist in hospitals, so he knows more about EMFs/RFs than most of us.  Here are his comments to consider.

5G is serious stuff. We are living in very serious times. And no one seems to know, or wants to know, just how serious a price we have to pay for all our wireless tech addictions.  I know from personal experience that 99.9{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of Americans do not even know what “G” stands for, nor do they know anything about the scientifically- proven lethal radiation emitted from their children’s phones and  Wi-Fi.  [“G” stands for generation of power.]

The Elana Freeland video https://youtu.be/4efE1KBF80M?t=4  in your article is a must-see!  YouTube is literally now exploding with warnings on 5G and pulsed microwave wireless harms, which the Mainstream Media have on total lockdown. This is 11:59:59 of the 11th Hour.

The very fact our Government is forcefully rolling this weaponized military grade program out with zero concern for safety, regardless of the ever-increasing decades-old “Mt. Everest-size” peer reviewed Science, should finally, once and for all, reveal to Americans what a lie they have been living for virtually all of their lives!  “Virtual” lives are truly what we have been living.  Clearly the “powers that be” have deemed us flesh-and-blood-Americans not so important and quite expeditiously expendable. We must really be a serious threat to the controlling elites to require such powerful lethal doses of constant microwave radiation!

Note:  The jury is still out in regard to 5G mm [millimeter] waves “not traveling far” and “not penetrating walls”.  I personally see this as a distraction tactic in order to lull us in to accepting so many transmitters on every street!

Do some research and you will see exploding evidence on YouTube with good documentation from Military applications of how 90-95 Ghz mm wave technology is used to look right through walls with High Definition quality!  TSA scanners use it to see right through your clothing and luggage, just like x-rays, at airport security!

Elana elaborates in her video just how it will be used to see everything in your home in real time high-definition.  Does that sound like a radiation that will not travel far or penetrate well? The radiation from doing that to you in your home (or on the street) can, of course, give you cancer and other diseases over time — ESPECIALLY FROM CONCENTRATED DIRECTIONAL MICROWAVE BEAMS.

One thing no one ever talks about is the fact that they can, and do, PIGGYBACK various ranges of RF for better distance of travel and penetration.  Of course, piggybacking frequencies means MORE human cell damaging, immune suppressing, and disease causing radiation exposures to all of us targets and human guinea pigs.

Somebody is untruthful by saying 5G won’t penetrate well.  That is just the excuse to blanket every square inch and deploy so many cell tower transmitters. MM wave technology was developed by the Military for weapons and surveillance, then handed down to Telecoms.  The exact range of frequencies used and piggybacking thereof, not to mention exact amount of voltage used, may never and probably will never truly be known or revealed to the public.  Once it is deployed on our streets and in our yards — THESE are the possibilities that we will live and die by: Life under a carcinogenic, hackable, remotely-controlled, track-and-destroy weapons system.

Like good ole FCC Chairman Tom Wheeler said: This has nothing to do with Telecom.  He told us, but do we understand what he’s really saying?

I express my most sincere appreciation for those comments, which I hope readers will consider seriously. One of the ‘things’ to consider is, in the USA the first potential deployments of higher 5G bands will be between 27.5 and 28.35 GHz and 37-40 GHz in 2018 pre-commercial deployments [1].

One GHz is 1 billion [1,000,000,000] electromagnetic frequency units per SECOND!  Only one frequency unit is one hertz (Hz).  Multiply the numbers in the paragraph above and what do you get? Anywhere from 27.5 billion to 40 billion GHz per SECOND of microwave electromagnetic frequency and non-thermal waves bombarding every cell, organ in your body, especially your brain, which is most vulnerable to EMFs!

Read More @ ActivistPost.com

Can Kicking Time In The Imperial City

by David Stockman, Daily Reckoning:

You have to hand it to the Donald. He speaks his mind. This week he dropped an unwelcome stink bomb on Capitol Hill during his Phoenix rant Tuesday night. If Mexico won’t pay for my wall, he seemed to say, than Congress will—-even if I have to shutdown the Imperial City to extract the first $1.6 billion of seed money:

“We’re going to get our wall,” Mr. Trump said at a rally in Phoenix. “If we have to close down our government, we’re building that wall.”

The Mexican Wall waste an estimated $20 billion needed to complete, and would place ICE agents at the border handing out guest worker papers to anyone who comes across looking for a job. That would mean more domestic production and tax revenue, and a tad less addition to the crushing national debt that Washington is handing generations to come.

It didn’t take long for Washington’s permanent political class to say “no dice” to the shutdown idea. It seems Speaker Paul Ryan has been domiciled in the Imperial City since he was 21 years old and makes no bones about his priorities.

“I don’t think anyone’s interested in having a shutdown,” House Speaker Paul Ryan said at a stop at an Intel Corp. facility in Oregon on Wednesday…….

Mr.. Ryan said he expected lawmakers would need to pass a short-term spending bill in September to give them more time to work out a broader budget agreement later this year.

What has the GOP Congress been doing the last nine months that it hasn’t enacted into law a single one of the 12 annual appropriations bills? The same bills that would provide upwards of $1.1 trillion to run the Pentagon and the domestic agencies.

The answer is simple. They’ve been deliberately burning up the clock in order to force spending measures through as emergency continuing resolutions (CRs) or 11th hour compromises to keep the government open. This has been going on for years.  It is the very reason Washington now stands on the edge of raising the national debt ceiling above $20 trillion.

So we’ve officially enter the kick-the-can season. You can count on Paul Ryan to spin and misdirect in order to obfuscate what’s actually going on. The House Speaker is about to capitulate again to the nation’s fiscal doomsday machine. Expect clever maneuvers designed to hide the truth through yet another election cycle.

That’s exactly what Ryan did back during the 2013 shutdown crisiswhen he negotiated a sell-out deal with ultra-liberal Dem Senator Murray to keep the government open through the 2014 election.

In that case, he agreed with Sen. Murray to bust the sequesters caps by $64 billion over FY2014-2015.

Per the typical routine, Ryan got $32 billionon top of the $1.01 trillion already slated to be wasted by the Pentagon during that two year period, while Murray got $32 billion more (a 3.5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} increase ) to sprinkle across a myriad of domestic social programs. At the end, all parties were praised by the beltway lobbies.

Likewise, Ryan’s first act as Speaker after succeeding John Boehner following the shutdown crisis of 2015was to pass the Boehner-Obama deal that suspended the national debt limit and empowered the Obama Treasury to borrow at will.

That it did!

As of October 1, 2015, the net debt of the US was $17.66 trillion. After the Ryan-enacted debt limit suspension expired on March 15, 2017, the net debt soared to $19.82 trillion.

Paul Ryan and Continuing Resolutions in the Imperial City

This time, Speaker Ryan is going to need to deploy his best tricks to avoid a giant fiscal mishap. That’s because the White House is occupied by the Great Disrupter. By the looks of Trump’s Twitter account he’s still capable of unleashing the kind of impulsive curve ball that the Imperial City simply cannot anticipate.

Having already complicated the appropriations and CR, the Donald piled on more by suggesting GOP leadership had already screwed up raising the debt ceiling during the few days available when Congress returns from August recess.

Opined the Donald,

I requested that Mitch M & Paul R tie the Debt Ceiling legislation into the popular V.A. Bill (which just passed) for easy approval. They……didn’t do it so now we have a big deal with Dems holding them up (as usual) on Debt Ceiling approval. Could have been so easy—–now a mess!

Here’s the thing. Trump is 70 years old and has spent just eight months in the Imperial City, or about 1.0{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}of his life. Ryan and McConnell are collectively 122years old and have been playing their trades in the Great Swamp for 82collective years, or two-thirdsof their lives.

The rank and file Republicans on Capitol Hill desperately fear being blamed for a shutdown. They have bound themselves as hostage to both the Fiscal Doomsday machine and the main street media’s need to safeguard Uncle Sam’s credit at all costs.

CNN talking boxes would have a field day excoriating the GOP for shutting down the government. Now that the GOP allegedly controls the White House and both chambers of Congress the situation is even more muddled. Thus, as one member of the Freedom Caucus opined to the Wall Street Journal,

“A government shutdown hurts Republicans—it’s the last thing I want,” said Rep. Trent Franks (R., Ariz.), a member of the House Freedom Caucus who was at Mr. Trump’s rally Tuesday. “It is a political liability of profound significance to us.”

Read More @ DailyReckoning.com

There’s a Reason Why Washington and London Won’t Quit the Business of Killing

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by Vladimir Odintsov, New Eastern Outlook:

On August 23, a coalition of Arab countries, led by Saudi Arabia, carried yet another barbaric bombardment in the Yemeni capital of Sana’a, which resulted in the death of at least 35 people.

On July 18, at least 20 civilians fell victims of a Saudi air strike in the Yemeni Taiz Governorate, as it’s been reported by the Daily Mail with a special reference to the United Nations.

Since the beginning of the civil war in Yemen in 2014, more than 10,000 civilians perished in the poorest country of the Arabian Peninsula, while another 3 million were displaced. In March 2015, Saudi Arabia unleashed an armed aggression against this state without any sort of approval from the UN, but with an extensive amount of military and political support coming from the United States and Britain. Such acts of aggression have for a long time been a trademark of Washington, but now it’s allies seem to be willing to follow in its footsteps. The Saudi coalition carries on air strikes against targets of the Houthis resistance to this very day, which results in massive civilian casualties, with hundreds of victims being added regularly to the rising death toll.

As a result of continuous attacks carried out by Saudi armed forces schools, hospitals and other vital civil infrastructure are being routinely reduced to the ground, while electricity and drinking water supplies are getting increasingly scarce even in large cities. With the silent approval of Washington and London, the Saudi coalition is taking every effort to make sure that no Yemeni national survives this conflict, using the tactics that can only be described as genocidal.

And the list of war crimes committed by the Saudi coalition is getting large by the day largely due to the ever-growing flow of various weapons sold to Riyadh by the United States, Britain and other Western powers. Today, the British and American arms manufactures receive fabulous profits from their indirect participation in the Yemeni military campaign.

Saudi Arabia alone in recent years received over a hundred billion worth of arms from American military manufacturers, while Donald Trump pledged to carry on the business tactics pursued by his predecessors by signing a deal on the shipment of another 110 billion worth of arms to Riaydh.

The latest annual report issued by the British Committee for Defense and Security shows that in 2016 alone the UK received 6 billion pounds from the sale of arms, with a half of this some coming from to the Middle East, where violent conflicts are raging. For more than 10 consecutive years the UK remains the second largest arms supplier in the world after the United States.

At the same time, London keeps training pilots for the Saudi Air Force, the very people that would bomb Yemeni residential areas. The British Supreme Court, which usually defends “human rights”, did not even want to consider the formal appeal issued by the Campaign Against Arms Trade (CAAT), which had previously urged the kingdom to put an end to the supply of military equipment to Saudi Arabia.

In turn, Amnesty International would accuse the United States and Britain for handing over weapons to Saudi Arabia for it to be able to carry on its aggression against Yemen since March 2015, delivering more than five billion dollars worth of weapons.

The fact that for London any armed conflict is perfect opportunity to sell its weapons is vividly confirmed by the recently declassified documents of the National Archives of the United Kingdom showing, in particular, that the British government considered Iraqi invasion of Kuwait in 1990 to be an “unprecedented opportunity” to obtain super profits from the sale of weapons to the countries of the Persian Gulf . Back in the day UK’s Minister for Defence Procurement, Alan Clarke would use exact same words in his letter to British PM of the time Margaret Thatcher, noting that this was an unprecedented opportunity for DESO (the Department of Defense Export Administration).”

As declassified documents show, “an unprecedented opportunity” for Clark was the expected response of the US and its allies to Iraq’s invasion of Kuwait and the outbreak of military conflict in the region. The fact that wars have always been considered as a chance to sell more arms to other states has recently been confirmed by The Guardian.

Read More @ Journal-NEO.org
 

A2A with Brent Cook of Exploration Insights

by Turd Furguson, TF Metals:

With the mining shares already up 10{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} YTD and seemingly poised for a breakout, what a great time to pick the brain of the always-insightful Brent Cook of Exploration Insights.

First of all, here’s a chart of the HUI index showing the pending breakout of the shares, in general:

Brent was extraordinarily generous with his time and expertise today so it would be impossible for me to list all of the specific companies and shares that we discussed. Instead, you’re just going to have to listen to the entire program. And you won’t be disappointed! You might actually learn a thing or two along the way!

Thanks again to Brent for all his efforts and we strongly encourage everyone with an interest in the sector to check out Brent’s newsletter at http://www.explorationinsights.com

Click HERE to listen.

Read More @ TFMetals.com

Conspiracy Theory

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by Paul Craig Roberts, Paul Craig Roberts:

In the United States “conspiracy theory” is the name given to explanations that differ from those that serve the ruling oligarchy, the establishment or whatever we want to call those who set and control the agendas and the explanations that support the agendas.

The explanations imposed on us by the ruling class are themselves conspiracy theories. Moreover, they are conspiracy theories designed to hide the real conspiracy that our rulers are operating.

For example, the official explanation of 9/11 is a conspiracy theory. Some Muslims, mainly Saudi Arabians, delivered the greatest humiliation to a superpower since David slew Goliath. They outsmarted all 17 US intelligence agencies and those of NATO and Israel, the National Security Council, the Transportation Safety Administration, Air Traffic Control, and Dick Cheney, hijacked four US airliners on one morning, brought down three World Trade Center skyscrapers, destroyed that part of the Pentagon where research was underway into the missing $2.3 trillion, and caused the morons in Washington to blame Afghanistan instead of Saudi Arabia.

Clearly, the Saudia Arabians who humiliated Ameria were involved in a conspiracy to do so.

Is it a believable conspiracy?

The ability of a few young Muslim men to pull off such a feat is unbelievable. Such total failure of the US National Security State means that America was blindly vulnerable throughout the decades of Cold War with the Soviet Union. If such total failure of the National Security State had really occurred, the White House and Congress would have been screaming for an investigation. People would have been held accountable for the long chain of security failures that allowed the plot to succeed. Instead, no one was even reprimanded, and the White House resisted all efforts for an investigation for a year. Finally, to shut up the 9/11 families, a 9/11 Commission was convened. The commission duly wrote down the government’s story and that was the “investigation.”

Moreover, there is no evidence to support the official conspiracy theory of 9/11. Indeed, all known evidence contradicts the official conspiracy theory.

For example, it is a proven fact that Building 7 came down at freefall acceleration, which means it was wired for demolition. Why was it wired for demolition? There is no official answer to this question.

It is the known evidence provided by scientists, architects, engineers, pilots, and the first responders who were in the twin towers and personally experienced the numerous explosions that brough down the towers that is described as a conspiracy theory.

The CIA introduced the term “conspiracy theory” into public discourse as part of its action plan to discredit skeptics of the Warren Commission report on the assassination of President John F. Kennedy. Any explanation other than the one handed down, which is contradicted by all known evidence, was debunked as a conspiracy theory.

Conspiracy theories are the backbone of US foreign policy. For example, the George W. Bush regime was active in a conspiracy against Iraq and Saddam Hussein. The Bush regime created fake evidence of Iraqi “weapons of mass destruction,” sold the false story to a gullible world and used it to destroy Iraq and murder its leader. Similarly, Gaddafi was a victim of an Obama/Hillary conspiracy to destroy Libya and murder Gaddafi. Assad of Syria and Iran were slated for the same treatment until the Russians intervened.

Currently, Washington is engaged in conspiracies against Russia, China, and Venezuela. Proclaiming a non-existant “Iranian threat,” Washington put US missiles on Russia’s border and used the “North Korean threat” to put missiles on China’s border. The democratically elected leader of Venezuela is said by Washington to be a dictator, and sanctions have been put on Venezuela to help the small Spanish elite through whom Washington has traditionally ruled South American countries pull off a coup and reestablish US control over Venezuela.

Everyone is a threat: Venezuela, Yemen, Syria, Iran, Iraq, Aghanistan, tribes in Pakistan, Libya, Russia, China, North Korea, but never Washington. The greatest conspiracy theory of our time is that Americans are surrounded by foreign threats. We are not even safe from Venezuela.

The New York Times, the Washington Post, CNN, NPR, and the rest of the presstitutes are quick to debunk as conspiracy theories all explanations that differ from the explanations of the ruling interests that the presstitutes serve.

Yet, as I write and for some nine months to date, the presstitute media has itself been promoting the conspiracy theory that Donald Trump was involved in a conspiracy with the president of Russia and Russian intelligence services to hack the US presidential election and place Trump, a Russian agent, in the White House.

This conspiracy theory has no evidence whatsoever. It doesn’t need evidence, because it serves the interests of the military/security complex, the Democratic Party, the neoconservatives, and permits the presstitutes to show lavish devotion to their masters. By endless repetition a lie becomes truth.

There is a conspiracy, and it is against the American people. Their jobs have been offshored in order to enrich the already rich. They have been forced into debt in a futile effort to maintain their living standards. Their effort to stem their decline by electing a president who spoke for them is being subverted before their eyes by an utterly corrupt media and ruling class.

Sooner or later it will dawn on them that there is nothing they can do but violently revolt. Most likely, by the time they reach this conclusion it will be too late. Americans are very slow to escape from the false reality in which they live. Americans are a thoroughly brainwashed people who hold tightly to their false life within The Matrix.

For the gullible and naive who have been brainwashed into believing that any explanation that differs from the officially-blessed one is a conspiracy theory, there are available online long lists of government conspiracies that succeeded in deceiving the people in order that the governments could achieve agendas that the people would have rejected.

If liberty continues to exist on earth, it will not be in the Western world. It will be in Russia and China, countries that emerged out of the opposite and know the value of liberty, and it will be in those South American countries, such as Venezuela, Ecuador, and Bolivia that fight for their sovereignty against American oppression.

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