Monday, January 27, 2020

Imagine What Would Happen if China Decided to Impose Economic Sanctions on the USA?

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by Prof Michel Chossudovsky, Global Research:

In June, Washington threatened Beijing with a sanctions regime, in response to China’s increased bilateral commodity trade with North Korea. Initially, the US sanctions were not intended to be against the Chinese government: selected Chinese banks and trading companies involved in the financing of China-DPRK commodity trade would be potential targets of US reprisals.

Having lost patience with China, the Trump administration is studying new steps to starve North Korea of cash for its nuclear program, including an option that would infuriate Beijing: sanctions on Chinese companies that help keep the North’s economy afloat.

According to Chinese sources, China’s trade with the DPRK increased by 37.4 percent in the first quarter of 2017, in relation to the same period in 2016. China’s exports increased by 54.5 percent, with imports from the DPRK experiencing an 18.4 percent increase.

The insinuation was crystal clear: curtail your trade with North Korea, or else…

Coupled with the aggressive legislative sanctions “package” recently adopted by the US Congress directed against Russia, Iran and North Korea, Washington now threatens China in no uncertain terms.

Trump is demanding that Beijing relinquish its relationship with the DPRK, by unconditionally siding with Washington against Pyongyang. Washington has granted China six months “to prove that it is committed to preventing a nuclear-armed North Korea”, despite the fact that Beijing has expressed its firm opposition to the DPRK’s nuclear weapons program.

The political deadline is coupled with veiled threats that “if you do not comply”, punitive trade measures will be adopted which could result in the disruption of China’s exports to the United States.

Moreover, the White House is intent upon conducting “an investigation into China’s trade practices” focussing on alleged  violations of U.S. intellectual property rights. A “Section 301” investigation, named after a portion of the 1974 Trade Act is slated to be launched.

Following the completion of the investigation, Washington threatens to “impose steep tariffs on Chinese imports [into the US], rescind licenses for Chinese companies to do business in the United States, or take other measures, which could, “pave the way for the U.S. to impose sanctions on Chinese exporters or to further restrict the transfer of advanced technology to Chinese firms or to U.S.-China joint ventures.”

In formulating these veiled threats, the Trump administration should think twice. These measures would inevitably backlash on the U.S. economy.

China is not dependent on US  imports. Quite the opposite. America is an import led economy with a weak industrial and manufacturing base, heavily dependent on imports from the PRC.

Imagine what would happen if China following Washington’s threats decided from one day to the next to significantly curtail its “Made in China” commodity exports to the USA.

It would be absolutely devastating, disrupting the consumer economy, an economic and financial chaos.

“Made in China” is the backbone of retail trade which indelibly sustains household consumption in virtually all major commodity categories from clothing, footwear, hardware, electronics, toys, jewellery, household fixtures, food, TV sets, mobile phones, etc.  Ask the American consumer: The list is long. “China makes 7 out of every 10 cellphones sold Worldwide, as well as 12 and a half billion pairs of shoes’ (more than 60 percent of total World production). Moreover, China produces over 90{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the World’s computers and 45 percent of shipbuilding capacity (The Atlantic, August 2013)

A large share of goods displayed in America’s shopping malls, including major brands is “Made in China”.

“Made in China” also dominates the production of a wide range of industrial inputs, machinery, building materials, automotive, parts and accessories, etc. not to mention the extensive sub-contracting of Chinese companies on behalf of US conglomerates.

Read More @ GlobalResearch.ca

Fake News A US Media Speciality

from Paul Craig RobertsPaul Craig Roberts:

The American media specializes in fake news. Indeed, since the Clinton regime the American media has produced nothing but fake news. Do you remember the illegal US bombing and destruction of Yugoslavia? Do you remember “war criminal” Slobodan Milosevic, the Serbian president branded “the butcher of the Balkans,” who was compared to Hitler until Hillary passed the title on to the President of Russia? Milosevic, not Bill Clinton, was arrested and placed on trial at the International Criminal Tribunal. He died in prison, some say murdered, before he was cleared of charges by the International Criminal Tribunal. http://www.globalresearch.ca/milosevic-and-the-destruction-of-yugoslavia-unpleasant-truths-no-one-wants-to-know/5540873

Do you remember the destruction of Iraq justified by the orchestrated propaganda, known by the criminal George W. Bush regime to be an outright lie, about Saddam Hussein’s “weapons of mass destruction,” weapons that the UN arms inspectors verified did not exist? Iraq was destroyed. Millions of Iraqis were killed, orphaned, widowed, and displaced. Saddam Hussein was subjected to a show trial more transparent than Stalin’s trial of Bukharin and then murdered under the pretext of judicial execution.

Do you remember the destruction of Libya based entirely on Washington’s lies and the criminal misuse of the UN no-fly resolution by turning it into a NATO bombing of Iraq’s military so that the CIA-armed jihadists could overthrow and murder Muammar Gaddafi? Do you remember the killer bitch Hillary gloating, “we came, we saw, he died!”

Do you remember the lies that the criminal Obama regime told about Assad of Syria and the planned US invasion of Syria that was blocked by the UK Parliament and the Russian government? Do you remember that Obama and the killer bitch sent ISIS to do the job that US troops were prevented from doing? Do you remember General Flynn revealing on TV that it was a “willful decision” of the criminal Obama regime to send ISIS to Syria over his objection as Director of the Defense Intelligence Agency? This bit of told truth is why Gen. Flynn is hated by the Washington criminals who forced him out as Trump’s National Security Adviser.

Do you remember the US coup in Ukraine against the democratically elected government and its replacement with a neo-nazi regime? Do you remember that Washington’s crime against Ukrainian democracy was quickly hidden behind false charges of “Russian invasion”?

Can you think of any truthful report in the American news in the past two decades?

All of the lies leading to the death of millions told by the criminal Clinton, George W. Bush, and Obama regimes were transparent. The US media could easily have exposed them and saved the lives of millions of peoples and saved seven countries from destruction in whole or part. But the presstitutes cheered on the grauitous and criminal destruction of countries and peoples. Every one of the presstitutes is a war criminal under the standards set by US Supreme Court Justice Robert Jackson at the Nuremberg trials.

We cannot even get a truthful jobs report. Yesterday (Aug. 4) the Bureau of Labor Statistics (BLS) reported 205,000 new private sector jobs in July and a drop in the unemployment rate to 4.3{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}. This is fake news.

The Associated Press’s Christopher Rugaber rah-rahs the fake news, adding that many economists think “robust hiring could continue for many more months, or even years.” Let’s think about that for a moment. Generally speaking economists regard full employment to be a 5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} rate of unemployment. There can never be a zero rate of unemployment because of frictions in the job market. For example, there are people between jobs who have lost or quit a job and are looking for a new one, and there are people who have dropped out of the work force, perhaps to spend more time parenting or to care for an aged and ill parent, and have reentered the work force. Economists also believe that employment cannot go too low without pushing up inflation.

Assuming economists have not suddenly changed their minds about what rate of unemployment is full employment, if the unemployment rate is currently 4.3{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, it is already below the full employment rate. How can the rate continue to fall for years when the economy is already at full employment? Apparently, this question did not occur to the AP reporter or to the “many economists.”

Of course, the 4.3{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} unemployment rate is fake news. It does not include millions of discouraged workers. When these workers who have not looked for jobs within the last four weeks are included, the unemployment rate jumps to 22-23{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}.

Now consider the alleged 205,000 July new jobs. Probably about half of these jobs are due to the add-ons from the birth-death model, and the other half from manipulations of seasonal adjustments. John Williams at shadowstats.com will tell us. However, let’s assume the jobs are really there. Where does the BLS tell us the jobs are?

Eighty-nine percent of the jobs are in services, essentially domestic non-tradable services.

Professional and business services account for 49,000 of the jobs, of which 30,000 are in administrative and waste services (garbage collection) and 14,700 are in temporary help services.

54,000 of the jobs are in education and health services, of which ambulatory health care services, home health care services and social assistance account for 46,900 of the jobs.

62,000 of the jobs are in leisure and hospitality, of which waitresses and bartenders account for 53,100 of the jobs and amusements, gambling, and recreation account for 5,900 jobs.

Read More @ PaulCraigRoberts.org

Keiser Report: Bitcoin Drama (E1106)

from RT:

In this final episode of the Keiser Report from Freedom Fest in Las Vegas, Max and Stacy encounter Peter Schiff in the halls of the convention center and challenge him on bitcoin. Max continues his interview with bitcoin entrepreneur Charlie Shrem to discuss the latest drama and innovation in the cryptocurrency space.

War on Cash Proposals in Australia: Microchip Expiring $100 Bills, Forcing People to Keep Receipts

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by Mish Shedlock, MishTalk:

Australia’s Black Economy Taskforce has come up with a list of 35 “consumer-focused” proposals to crack down on cash. The taskforce blames consumers for holding cash and for not getting receipts.

Michael Andrew, the head of the taskforce, proposes nanochips in $50 and $100 notes so the government knows where the cash is. Cash will expire after a designated period of time.

Andrew believes “consumers are part of the problem”. He wants to punish people who pay in cash and don’t get a receipt.

A plan to strip consumers of their legal protections if they pay in cash and fail to get a receipt has been slammed as “completely unfair” by leading advocacy groups.

The proposal was one of 35 recommendations contained in the interim report from the federal government’s Black Economy Taskforce, which argued the need for “consumer-focused action” to crack down on cash payments.

According to Taskforce chair Michael Andrew, former global head of accounting firm KPMG and current chair of the Board of Taxation, while current anti-black economy laws focused on businesses, consumers are “part of the problem”.

“We intend to examine the merits of consumer focused sanctions, including the loss of consumer protections, warranties and legal rights for people who make cash payments without obtaining a valid receipt,” Mr. Andrew wrote. “This is not simply of matter of imposing new penalties, but part of a wider cultural change agenda.”

But he argued any new penalty regime “should be carefully calibrated”, with the strongest sanctions “applying to egregious behavior or repeat offenses”. “Lighter touch approaches (including ‘nudge’ techniques) will be more appropriate in many cases,” he wrote.

Cash Crackdown Boss Proposes Nanochips Notes

Also consider Cash Crackdown Boss Proposes Nanochips Notes.

The man charged with cracking down on the “black economy” has revealed how he would like to keep track of your $100 and $50 notes.

Hi-tech nano-chips would be implanted in Australia’s “disappearing” cash under a plan floated by Michael Andrew, the head of the federal government’s Black Economy Taskforce.

Speaking to The Courier-Mail, Mr. Andrew said too much cash was being hoarded under pensioners’ beds and stockpiled as a trusted currency in China.

Estimates for the size of Australia’s so-called black economy vary from $23 billion to $50 billion. The government claims tax avoidance through cash payments costs the budget up to $10 billion in revenue, money that could go towards funding welfare and other services.

In the May budget, the federal government announced an extra $32 million funding for the Australian Taxation Office to fund its cash crackdown, which it expects to bring in an extra $589 million in revenue over the next four years.

According to Mr. Andrew, who will hand down his final report in October, there should be 14 $100 notes for every adult in Australia but there are fewer than that in circulation. While criminals prefer the $50 note, as the Reserve Bank pointed out in its defense of cash last year, foreign migrants and pensioners prefer $100s.

“You could put a trace on some of these notes to see where they would go. You can use nano technology to put little chips in so you could then trace it.”

Last year, a report by UBS recommended Australia scrap the $100 note. According to UBS, benefits may include “reduced crime (difficult to monetize), increased tax revenue (fewer cash transactions) and reduced welfare fraud (claiming welfare while earning or hoarding cash)”.

Reaction to Taxes

Liberal Democrats Senator David Leyonhjelm has the right idea.

“The only people who are distressed by the cash economy are the government and the public servants who want to spend taxes. It’s a reaction to the level of taxes we pay,” said Leyonhjel.

Read More @ MishTalk.com

Doug Casey on the End of the Nation-State

by Doug Casey, International Man:

There have been a fair number of references to the subject of “phyles” in Casey Research publications over the years. This essay will discuss the topic in detail. Especially how phyles are likely to replace the nation-state, one of mankind’s worst inventions.

Now might be a good time to discuss the subject. We’ll have an almost unremitting stream of bad news, on multiple fronts, for years to come. So it might be good to keep a hopeful prospect in mind.

Let’s start by looking at where we’ve been. I trust you’ll excuse my skating over all of human political history in a few paragraphs, but my object is to provide a framework for where we’re going, rather than an anthropological monograph.

Mankind has, so far, gone through three main stages of political organization since Day One, say 200,000 years ago, when anatomically modern men started appearing. We can call them Tribes, Kingdoms, and Nation-States.

Karl Marx had a lot of things wrong, especially his moral philosophy. But one of the acute observations he made was that the means of production are perhaps the most important determinant of how a society is structured. Based on that, so far in history, only two really important things have happened: the Agricultural Revolution and the Industrial Revolution. Everything else is just a footnote.

Let’s see how these things relate.

The Agricultural Revolution and the End of Tribes

In prehistoric times, the largest political/economic group was the tribe. In that man is a social creature, it was natural enough to be loyal to the tribe. It made sense. Almost everyone in the tribe was genetically related, and the group was essential for mutual survival in the wilderness. That made them the totality of people that counted in a person’s life—except for “others” from alien tribes, who were in competition for scarce resources and might want to kill you for good measure.

Tribes tend to be natural meritocracies, with the smartest and the strongest assuming leadership. But they’re also natural democracies, small enough that everyone can have a say on important issues. Tribes are small enough that everybody knows everyone else, and knows what their weak and strong points are. Everyone falls into a niche of marginal advantage, doing what they do best, simply because that’s necessary to survive. Bad actors are ostracized or fail to wake up, in a pool of their own blood, some morning. Tribes are socially constraining but, considering the many faults of human nature, a natural and useful form of organization in a society with primitive technology.

As people built their pool of capital and technology over many generations, however, populations grew. At the end of the last Ice Age, around 12,000 years ago, all over the world, there was a population explosion. People started living in towns and relying on agriculture as opposed to hunting and gathering. Large groups of people living together formed hierarchies, with a king of some description on top of the heap.

Those who adapted to the new agricultural technology and the new political structure accumulated the excess resources necessary for waging extended warfare against tribes still living at a subsistence level. The more evolved societies had the numbers and the weapons to completely triumph over the laggards. If you wanted to stay tribal, you’d better live in the middle of nowhere, someplace devoid of the resources others might want. Otherwise it was a sure thing that a nearby kingdom would enslave you and steal your property.

The Industrial Revolution and the End of Kingdoms

From around 12,000 B.C. to roughly the mid-1600s, the world’s cultures were organized under strong men, ranging from petty lords to kings, pharaohs, or emperors.

It’s odd, to me at least, how much the human animal seems to like the idea of monarchy. It’s mythologized, especially in a medieval context, as a system with noble kings, fair princesses, and brave knights riding out of castles on a hill to right injustices. As my friend Rick Maybury likes to point out, quite accurately, the reality differs quite a bit from the myth. The king is rarely more than a successful thug, a Tony Soprano at best, or perhaps a little Stalin. The princess was an unbathed hag in a chastity belt, the knight a hired killer, and the shining castle on the hill the headquarters of a concentration camp, with plenty of dungeons for the politically incorrect.

With kingdoms, loyalties weren’t so much to the “country”—a nebulous and arbitrary concept—but to the ruler. You were the subject of a king, first and foremost. Your linguistic, ethnic, religious, and other affiliations were secondary. It’s strange how, when people think of the kingdom period of history, they think only in terms of what the ruling classes did and had. Even though, if you were born then, the chances were 98{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} you’d be a simple peasant who owned nothing, knew nothing beyond what his betters told him, and sent most of his surplus production to his rulers. But, again, the gradual accumulation of capital and knowledge made the next step possible: the Industrial Revolution.

The Industrial Revolution and the End of the Nation-State

As the means of production changed, with the substitution of machines for muscle, the amount of wealth took a huge leap forward. The average man still might not have had much, but the possibility to do something other than beat the earth with a stick for his whole life opened up, largely as a result of the Renaissance.

Then the game changed totally with the American and French Revolutions. People no longer felt they were owned by some ruler; instead they now gave their loyalty to a new institution, the nation-state. Some innate atavism, probably dating back to before humans branched from the chimpanzees about 3 million years ago, seems to dictate the Naked Ape to give his loyalty to something bigger than himself. Which has delivered us to today’s prevailing norm, the nation-state, a group of people who tend to share language, religion, and ethnicity. The idea of the nation-state is especially effective when it’s organized as a “democracy,” where the average person is given the illusion he has some measure of control over where the leviathan is headed.

On the plus side, by the end of the 18th century, the Industrial Revolution had provided the common man with the personal freedom, as well as the capital and technology, to improve things at a rapidly accelerating pace.

What caused the sea change?

Read More @ InternationalMan.com

Euro Junk Bonds and “Reverse Yankees” Go Nuts

by Wolf Richter, Wolf Street:

The most obviously lopsided deals.

The ECB’s efforts to buy corporate bonds as part of its stupendous asset buying binge has not only pushed a number of government bond yields below zero, where investors are guaranteed a loss if they hold the bond to maturity, but it has also done a number – perhaps even a bigger one – on the euro junk-bond market.

It has totally gone nuts. Or rather the humans and algorithms that make the buying decisions have gone nuts. The average junk bond yield has dropped to an all-time record low of 2.42{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}.

Let that sink in for a moment. This average is based on a basket of below investment-grade corporate bonds denominated in euros. Often enough, the issuers are junk-rated American companies with European subsidiaries – in which case these bonds are called “reverse Yankees.”

These bonds include the riskiest bonds out there. Plenty of them will default, and losses will be painful, and investors – these humans and algos – know this too. This is not a secret. That’s why these bonds are rated below investment grade. But these buyers don’t mind. They’re institutional investors managing other people’s money, and they don’t need to mind.

It’s perfectly good to invest in risky instruments as long as you’re being paid to take those risks or have a chance to make serious money. If you buy gold and silver bullion, you know you could make or lose a lot of money. But at a yield of 2.42{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, these junk bonds will never make any money if you hold them to maturity, except for covering mild inflation. The risk of losses – including from default – are large. And investors are not getting paid to take those risks. It’s one of the most obviously lopsided deals out there.

The average yield of these junk bonds never dropped below 5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} until October 2013. In the summer of 2012, during the dog days of the debt crisis when Draghi pronounced the magic words that he’d do “whatever it takes,” these bonds yielded about 9{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, which might have been about right.

Since then, yields have plunged (data by BofA Merrill Lynch Euro High Yield Index Effective Yield via St. Louis Fed). The “on the Way to Zero” in the chart’s title is only partially tongue-in-cheek:

The chart below gives a little more perspective on this miracle of central-bank market manipulation, going back to 2006. It shows the spike in yield to 25{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} during the US-engineered Financial Crisis and the comparatively mild uptick in yield during the Eurozone-engineered debt crisis:

Read More @ WolfStreet.com

The 8:00 PM Algo-At 7:06 PM

by Andy Hoffman, Miles Franklin:

In a world gone mad – mostly, due to a handful of sociopathic “one percenters” – here are some of the PiMBEEB reasons, from the past 24 hours alone, why I last week penned “the most Precious Metals bullish I’ve ever been.”

  1. In the words of Russian Prime Minister Dmitry Medvedev – former President, and current right-hand man to Vladimir Putin – regarding Congress’ insane decision to impose dramatic new economic sanctions on Russia, for reasons essentially no one understands; “the signing of new sanctions against Russia into law by the US president leads to several consequences. First, any hope of improving our relations with the new US administration is over.  Second, the US just declared a full-fledged trade war on Russia. Third, the Trump administration demonstrated it is utterly powerless, and in the most humiliating manner transferred executive powers to Congress.”
  1. Following up on America’s unfathomably self-destructive foreign policy, Trump is this morning expected to deliver a speech denouncing China’s trade policies; in essence, igniting a potentially globally destructive trade war, that China has already vowed to retaliate against.
  1. In a series of moves telegraphing America’s intention to invade; atop the economic sanctions imposed in the aforementioned law, to not just Russia, but North Korea and Iran; the government ordered all U.S. citizens to leave North Korea by September 1st. This, mere hours after publishing a video displaying the capabilities of its Minuteman ICBM program.
  1. Escalating border tensions between nuclear-armed China and India, culminating in a Chinese Defense Ministry spokesman stating “the crossing of the mutually recognized national borders on the part of India… is a serious violation of China’s territory and runs against the international law“…and that “the determination and the willingness and the resolve of China to defend its sovereignty is indomitable, so it will safeguard its sovereignty and security interests at whatever cost.”
  1. Just one day after the Royal Bank of Australia’s “unexpectedly” uber-dovish policy statement – in which it “warned” of the dangers of a strengthening Aussie dollar; the Australian “black economy task force” proposed a variety of draconian “war on cash” measures – like inserting nanochips in paper currency and issuing currency “expiration dates” to prevent hoarding.
  1. Yet again, a major Central bank “unexpectedly” published an uber-dovish policy statement. In this case, the Bank of England – following yesterday’s RBA decision, and those of the Fed, BOJ, and ECB in the prior two weeks.
  1. This, as the Reserve Bank of India – “war on cash” and all – “unexpectedly” reduced interest rates last night, too.
  1. Incredibly, despite maniacal stock and bond market support by the PPT, Fed, and Exchange Stabilization Fund, it was reported that the average U.S. public pension fund returned just 0.6{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} in 2016, compared to the comically unattainable 7.5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} “assumption” they cumulatively made.
  1. Now that the “repeal and replace” movement is dead and buried, the first 2018 Obamacare rate hike requests have come in from health insurance companies – featuring massive increases, of up to 30{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}.
  1. S. Commercial and Industrial loan generation plunged to its lowest year-over-year growth rate in six years – at barely above zero.
  1. Plunging interest rates that, with each passing day, makes my early January call that 2.5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} would represent the top of the 10-year Treasury yield look that much more prescient.

 

  1. News that OPEC production again hit a new record high in July, six months after the fraudulent “production cut” concocted by the ad hoc “oil PPT” first commenced – which will only increase the dramatic deflationary trends Central banks are so terrified of.
  1. Last but not least, the dollar index is now down 9{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} in 2017, representing its worst first half of the year since 1985. Not an insignificant accomplishment, given how the Euro, Yen, and Pound are on the verge of being hyper-inflated into oblivion.

 

Consequently, the powers that be’s’ attempts to mask political, economic, and monetary collapse with market manipulation have gone parabolic – to the point that quite soon, the entire world will realize what’s going on, and “invest accordingly.”  As at some point, “dotcom valuations in a Great Depression Era” and Precious Metals trading at their “lowest ever inflation-adjusted prices” must revert to the mean, no matter how much manipulation is utilized to prevent this inevitability.

I’ve been forced by one of the gold Cartel’s most egregious, “in your face” attacks in history – which most probably don’t realize, given that as I write just after the COMEX open, both gold and silver prices have moved back into the black.  Which was, this “flash crash” last night at 7:06 PM EST.  Followed of course, by a similar “flash crash” at the time-tested “2:15 AM” hour (when London “pre-market” paper trading commences), for the 884th time in the past 1,009 trading days.

Read more @ MilesFranklin.com

Venezuela – The National Constituent Assembly Is in Place – But the Fight for Sovereignty Isn’t Over

by Peter Koenig, Global Research:

Venezuela has voted on 30 July for a National Constituent Assembly (ANC – Asamblea Nacional Constituyente) with a resounding close to 8.1 million votes, or over 41{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the total eligible electorate. The figure was confirmed by the president of the National Electoral Council, Tibisay Lucena. The Chavistas battle cry before the elections was Venceremos! – Ché Guevaras favored revolutionary slogan. And the day after, 31 July, the victorious Ganamos! Accompanied by dancing in the streets.

To counter the mainstream presstitute mass media slandering of Venezuela, calling the legitimate democratically elected President a dictator, and that the vote was illegitimate and against the present Venezuelan Constitution – lets explain upfront what the Constitution says:

Article 347 of Venezuela’s constitution:

“The original constituent power rests with the people of Venezuela. This power may be exercised by calling a National Constituent Assembly for the purpose of transforming the State, creating a new juridical order and drawing up a new Constitution.”

Article 348 states

“(t)he initiative for calling a National Constituent Assembly may emanate from the President of the Republic sitting with the Cabinet of Ministers; from the National Assembly by a two-thirds vote of its members; from the Municipal Councils in open session, by a two-thirds vote of their members; and from 15{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the voters registered with the Civil and Electoral Registry.”

Article 349 states

“(t)he President of the Republic shall not have the power to object to the new Constitution. The existing constituted authorities shall not be permitted to obstruct the Constituent Assembly in any way.”

The process to vote for the ANC is complex but highly democratic. The 30 July election chose 545 members to the National Constituent Assembly, of which two thirds (364) were elected on a regional or territorial basis, and one third (181) by sectors of professions or activities, i.e. students, farmers, unions of different labor forces, employees, business owners – and so on. This cross-section of people’s representation is the most solid basis for democracy. See also:

http://www.globalresearch.ca/why-is-venezuela-in-the-white-houses-crosshairs/5594240.

The 8.1million pro-ANC vote may, at first sight, with 41{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of total eligible voters not constitute an absolute majority, but they are a legitimate majority analyzed from different perspectives. The only historic data we currently have on Venezuela is the one from the 1999 Constitution (still valid today), which President Hugo Chavez Frias, elected in 1998, initiated after asking the people whether they agreed to the drafting of a new Constitution. He received an overwhelming 80{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} support.

Assuming that on average about 20{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} to 25{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the electorate do not vote (based on the past 19 elections since the Bolivarian Revolutionary Government took over in 1998), of the 20 million eligible electorate, about 15 million could be expected to vote. With 8.1million ANC supporters, the National Constituent Assembly resulting from the 30 July elections is a clear majority, about 54{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}.

The election result is another resounding victory, when compared to the opposition’s plebiscite, illegally held a week earlier. The opposition claims having received 7.2 million votes against the ANC. However, by all observers, including internationals, this is a highly questionable and probably vastly inflated figure, based on their election boots which were a fraction of those of the ANC election process countrywide. Plus, the announced result cannot be checked, as the voter’s bulletins were burned by the opposition, as soon as they informed the public of the plebiscite’s result. However, even assuming this figure was correct – which it most likely isn’t – the total alleged votes cast between the official ANC process and the illegitimate referendum would amount to 15.3 million, of which 8.1 million represents about 53{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, or an absolute majority of the votes cast.

For analysis sake, let’s just look at the curious composition of votes the oppositions claims having received. In their referendum people had to respond with yes, or no to three questions, with each one being a leading question against the ANC. Each one of the three answers counted for one vote, thus, there were up to three votes per person. The same people also were allowed to vote in several districts. During the press conference held by the opposition, a journalist asked whether it was correct that one voter could cast his / her vote 17 times. The answer of one of the directors was yes, but it may be discovered at the final count. There were also stories of 10-year old kids and other minors voting. Also, there are 101,000 eligible voters abroad – but according to the opposition, the votes received from Venezuelans living outside Venezuela were almost 700,000.

The illegitimate – yes, illegitimate – opposition vote is pure farce. Though it can never be checked, since the votes were burned and given the above details, the promulgated results of 7.2 million votes against the ANC would have to be discounted by at least 30{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} to 50{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}. Yes, illegitimate, as the Constitution does not allow interference from anybody, once the ANC process has been launched.

Curiously though, the opposition, having the majority in the National Assembly could have initiated themselves an National Constituent Assembly. They didn’t. They could have actively participated inPresident Maduro’s ANC vote and presented their own candidates as they would have, had they respected the principles of democracy. They didn’t do that either. It is clear, they are not interested in a democratic process. They are not interested even in dialogue, one of Mr. Maduro’s priorities for conflict resolution. They want a violent ‘regime change’ – that’s what their Washington masters want and pays them for.

The most vociferous critics of the process came from the usual villains, CNN, BBC, Washington Post, NYT, even The Guardian, but so far relatively few from the EU and her members. One of the countries that sticks out most with her unsolicited comment is “neutral” Switzerland, where the Ministry of Foreign Affairs called on President Maduro, to cancel the elections for the new National Constitutional Assembly in ‘respect of democracy’. It further declared through the Swiss state-run radio-TV station, SRG, that the elections were illegal, as they are against the Constitution – which is a blatant lie, the Swiss Executive is aware of, but it pleases for sure Washington.

The Trump Administration also said it would not recognize the vote and slammed more heavy sanctions on Venezuela, among them, blocking President Maduro’s alleged ‘assets held in the US’. This in itself is a massive and ridiculous propaganda falsehood. It must be clear to any dimwit, that President Maduro does not have assets in the US. Washington forced ‘sanctions’ will probably also follow from its European vassals.

The right-wing puppet leaders (sic) in Latin America have of course also immediately played to the tune of their northern masters. The first one to do so was Peru’s President Pablo Kuczynski, saying that his government would not recognize the result of the elections. But who cares what Peru thinks about sovereign democratic Venezuela? – His arrogance went as far as calling upon the Peruvian Prime Minister to form a committee that should look into possible actions Peru could and should take against Venezuela. If one knows the level of corruption that literally runs Peru – one of the worst, if not the worst of all Latin America – and the way Kuczynski was ‘elected’, or rather shoed in by his Washington Masters, one can just chuckle in disbelief. If there was any un-bought, uncorrupted functioning legal system in Peru – the last five consecutive Presidents would now be in jail for corruption and crimes against humanity, including the present one.

Read More @ Global Research.ca

Venezuela Currency Disintegrates: Down 16{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} Today

0

from ZeroHedge:

Venezuela’s currency, the bolivar, is disintegrating at an incredible pace under the country’s political and economic crisis that has left citizens broke, desperate and in many cases, homicidal. The depreciation accelerated this week, after a disputed vote electing an all-powerful “Constituent Assembly” filled with allies of President Nicolas Maduro, which the opposition and dozens of countries have called illegitimate.

 Just two days ago, on August 2, we reported that one dollar would buy 14,100 bolivars, up from 11,280 the day before.

The next day, the bolivar slumped nearly 15 percent on the black market, to 17,000 to one US dollar. Today, it has crashed again, tumbling 16{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} to 20,142, and down almost 40{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} in just the past three days.

In the past year, the currency increasingly looks like shares of DryShips, having lost over 96{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} while the longer-term chart is simply breathtaking.

The decline, in France24’s words, has been “dizzying” yet completely largely ignored by the government, which continues to use an official rate fixed weekly that is currently 2,870 to the dollar, and which is completely useless. Meanwhile, ordinary Venezuelans refer only to the black market rate they have access to, which they call the “dolar negro,” or “black dollar.”

“Every time the black dollar goes up, you’re poorer,” resignedly said Juan Zabala, an executive in a reinsurance business in Caracas. His salary is 800,000 bolivares per month. On Thursday, that was worth $47 at the parallel rate. A year ago, it was $200. The inexorable dive of the money was one of the most-discussed signs of the “uncertainty” created by the appointment of the Constituent Assembly, which starts work Friday.

As a result, those Venezuelans who are able to are hoarding dollars and other currency alternatives.

“People are protecting the little they have left,” an economics expert, Asdrubal Oliveros of the Ecoanalitica firm, told AFP.

 

Zabala — who is considered comparatively well-off — and other Venezuelans struggling with their evaporating money said they now spent all they earned on food. A kilo (two pounds) of rice, for instance, cost 17,000 bolivares. The crisis biting into Venezuela since 2014 came from a slide in the global prices for oil — exports of which account for 96 percent of its revenues.

 

The government has sought to monopolize dollars in the country through strict currency controls that have been in place for the past 14 years. Access to them have become restricted for the private sector, with the consequence that food, medicines and basic items — all imported — have become scarce.

According to the International Monetary Fund, inflation in Venezuela is expected to soar above 700 percent this year. In June, Maduro tried to clamp down on the black market trade in dollars through auctions of greenbacks at the weekly fixed rate, known as Dicom. There is also another official rate, of 10 bolivars per dollar, reserved for food and medicine imports.

“Things are going up in price faster than salaries,” noted Zabala, who spends 10 percent of his income on diabetes treatment, when he can.

Read More @ ZeroHedge.com

The Abrahamic Wars

Contributed by David Bryan, SGTreport.com:

It has become a theater of conspiracy, for Christians to blame the Jews, for Jews to blame the Muslims and for Muslims to blame the Christians. They are the Abrahamic religions that share the Old Testament and pray to the same God. The absurd theatrics of Christians, Jews and Muslims, is a constant attention seeking squabble among Abrahamic family members that can turn violent.

An unthinkable range of Christian, Jewish and Muslim barbaric atrocities are committed against the fellow person every day.

Without taking into account an almost impossible to imagine daily ritual of human violence, mutilation and slaughter, the cruel fact is that over the last one hundred years. In excess of one hundred and thirty million people have needlessly died in Abrahamic wars.

The combined military expenditure of the Abrahamic countries is well in excess of one trillion dollars a year and that does not take into account, the cost of the military’s destruction of habitable infrastructure across entire regions of the world. In what is called an act of humanitarian intervention, since 2014 in excess of 84,000 aerial bombs have been dropped on the helpless peoples and the infrastructures of Iraq and Syria.

Libya which was the most sophisticated, benevolent, progressive and prosperous country in Africa was bombed back to the middle ages. Unless you want to believe otherwise, the objective of this orchestrated destruction was to secure Western oil rights and to prevent the Libyan gold backed Dinar that protected the nations wealth from the private central bank cabal. The very first action by the western sponsored Benghazi rebels before they even had any

reserves, oil or territory was to form a central bank!

It is estimated that one billion children, that is every second child in the world is without adequate food, medicine, shelter and education. 22,000 children needlessly die from poverty every day. Two million children die each year from preventable diseases. 165 million children under the age of five are stunted from severe malnutrition. link

Oxfam has estimated that $60 billion would eliminate extreme global poverty, yet President Trump has proposed to spend an additional $54 billion on increasing the military budget.

The Abrahamic barbaric paradigm of committing perpetual murder and the senseless destruction of habitable infrastructures, can rationally be attributed to the peoples belief in Exodus 21:24 “an eye for an eye, tooth for a tooth, hand for a hand, foot for a foot.”

The Judaic Rule of “an eye for an eye” states that Judaic justice does not concede compassion for the sight of others.

Compassion means co-suffering and empathy, it is the supreme emotion to do with caring and being decent.

Compassion is not the Judaic tradition. Compassion is used nineteen times in the Judaic Old Testament but never as a Judaic human trait. Only once is the word used as a human trait in the Old Testament and then it was the daughter of an Egyptian Pharaoh who found the baby Moses abandoned in a basket by the river “and she had compassion on him, and said: ‘This is one of the Hebrew children’.”

The so-called developed western Abrahamic nations deploy an enormous range of incendiary bombs, drones, missiles, chemical, microwave, laser and radioactive weapons on the innocent people in Arabic countries. They deploy special op forces, regular armies, paid mercenaries, they arm, train and protect the rebels fighting against legitimately elected governments and engage in deliberate covert false flag. They engage in cyber and climate warfare, all intrusive spy-ware, use the constant threat of nuclear weapons and callously impose economic sanctions on the innocent people of entire nations. They do not bestow human compassion for the plight of others.

The destruction of habitable infrastructure and the brutal bombing of millions of human innocents, has served to displace 65 million people in the world.

The never ending wars are an Abrahamic peoples disgrace perpetrated without shame against innocent little Arabic children, their parents and grandparents who are intentionally caught in the hell created on earth in Palestine, Yemen, Syria, Iraq, Afghanistan, Libya and Sudan. The notable beneficial exception being Israel, its brutal ally Saudi Arabia and some wealthy Gulf States.

In an Abrahamic world of ‘an eye for an eye’ devoid of human compassion, who really cares?

There is not sufficient compassion to spend $60 billon that would attend to the suffering and needs of the world’s chronic poor.

There is no compassion for the hundreds of millions of Arabic innocents caught up in our Abrahamic desire to ferment perpetual wars so that a few will profit.

Blind to any sense of human dignity or any human kindness, blind to the ability to reason and to show justice with true compassion. With three exceptions the elected Abrahamic peoples’ political representatives in Congress are proven to be nothing other than paid up professional war mongering psychopaths. They are now placing further additional veto proof sanctions to penalize countries that have nuclear capability. 143 million people living in energy rich Russia. 81 million people living in oil rich Iran. Callously placing sanctions that will greatly worsen the already desperately impoverished lives of 24 million innocent people living in North Korea. If that was not enough these paid professional psychopaths have included sanctions on the unfortunate Abrahamic people struggling to survive a socialist economic collapse in oil rich Venezuela.

Sanctions are always the precursor to new wars in which a few intend to make profit at the expense and suffering of the many.

The reality of the desired Abrahamic wars against Russia, Iran and North Korea involves the use of nuclear energy. Who really cares that the energy frequency preferred by professional paid psychopaths is to end all life? Match the energy frequency of nuclear weapons with the desire of professional paid psychopaths and you cannot but get total Armageddon.

Einstein as a physicist was very precise about the unavoidable end result of a desired energy frequency:

Everything is energy and that is all there is to it. Match the frequency of the reality you want and you cannot but get that reality. It can be no other way. This is not philosophy. This is physics.

An outdated and anarchic Judaic linear ideology of ‘an eye for an eye, tooth for a tooth, hand for a hand, foot for a foot’ has created a world lacking human compassion where the doomsday clock that counts down the time to Armageddon moved to two and one half minutes to midnight on 01.25.2017. Precisely six months before the veto proof sanctions by Congress on three nuclear power nations 07.25.2017 and ratified by the Senate two days later.

I can calculate the motion of the heavenly bodies, but not the madness of people” – Sir Isaac Newton, physicist

As people it is up to us. With less than two and one half nuclear minutes remaining until midnight we must start immediately to do whatever is necessary to totally change the destiny of the world.

Murder and sanctions by the establishment can never be tolerated. Our dignified first action is to stop giving silent support for wars and stop the totally corrupt warmongering politicians.

Scientific reason applied with compassion, creates a world of freedom, harmony and justice in every aspect of life. Our second dignified action is to educate based on factual scientific truth and not any of the establishment ideologies of belief-ism.

Truth and dignity rewinds the doomsday clock!

Our third action is in respect to this little Palestinian Gaza child and all the children, to make sure everyone feels the horror. Tiny sparks that glimmer from genuine heart felt human compassion and our Abrahamic brutality will be stopped forever.

David Bryan explores the profound scientific understanding of Tibetan
Sanskrit scholars that would totally change the world
http://thetibetansecret.blogspot.com/

David is author of The Tibetan Secret Revealed a Trilogy on Kindle
Books.

Gold sales soaring in Croatia and Turkey as confidence in sovereign currencies continue to wane

by Kenneth Schortgen, The Daily Economist:

While often the business media reports on gold sales in much larger markets such as the U.S., China, India, and even Russia, often the smaller economies are overlooked when it comes to a populace moving their wealth into the world’s most historical asset of choice.

So it is quite interesting to see places like Turkey and Croatia beginning to ramp up their gold markets, and this is really seeming to signal a growing decline in confidence in sovereign currencies.

The largest Croatian gold dealer, Auro Domus from Kastav, which gold about 50{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the market, sold investment gold and silver in the amount of 30.2 million kunas in the first half of this year, reports Jutarnji List on 2 August 2017. 

The company points out that this is an increase of 83{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, or nearly twice as much as in the same period last when the company generated income in the amount of 16.5 million kunas.  This is proof that the demand for investment gold in Croatia continues to grow and that Croats are buying more than ever before. – Croatia News

Over in Turkey the environment is also ramping up for gold purchases and investment, where July saw the Turks import the most gold ever for a single month.

An eight-fold increase in gold imports to $2.8 billion from $354 million in the same month last year made the precious metal the second-most imported product and one of the main contributors to the trade gap. 

June gold imports were also up by 216 percent year-on-year to $2.1 billion, according to final figures reported by Turkstat, the state statistics agency. –  Zerohedge

Read More @ TheDailyEconomist.com

Retired Green Beret Warns: “North Korea Can Deliver A Warhead Containing An EMP Weapon Dead Center Over The Continental United States”

by Jeremiah Johnson, SHTFPlan:

Most are aware by now that North Korea has tested (successfully) another ICBM missile, and its nuclear ambitions are more concrete by the day.  The mainstream media and the Obama administration are the creators of the public’s skepticism and denial regarding North Korea’s capabilities.  The Obama administration consistently and deliberately downplayed the true strengths and capabilities of North Korea over an eight-year period.  Such a downplay was further enabled by key press conferences in which members of the U.S. military’s command structure (specifically those serving in the Pentagon) were made to parrot the administration’s denial.

By “pulling Pentagon officials out” and having them categorically deny North Korea’s capabilities, it set the tempo to create a false narrative that Obama and his minions would champion throughout the eight years.  Pentagon officials (Admirals and Four-star Generals) were periodically “rotated” into these press pools to downplay the abilities of North Korea to launch a nuclear missile against the United States.

This obfuscation, orchestrated by Obama and parroted by those general officers who were about to retire in a couple of years was a precise and deliberate weakening of the United States’ defensive stance against a nation that declared its intentions to strike her.

All the experts on the subject were marginalized and labeled either as “crackpots,” or just scoffed at with their opinions relegated to page A-14, just above a coupon for “Captain Crunch” and at the bottom of the page of the newspaper.  The public bought it.  They swallowed the pill offered by the government-media complex, and in their own narcissistic hubris, discounted the efforts of a “backwards” country such as North Korea to send a nuke to the U.S.

Not anymore.

Now the media is grudgingly, painfully admitting what cannot be hidden: North Korea has more than enough capability to hit the United States.  All of it.  The North Korean ICBM test on Friday, July 29 proves they can strike the U.S. anywhere.  Here you go:

“Looks like it pretty much can get to New York, Boston, and probably falls just short of Washington [DC].  If those numbers are correct, the missile flown on a standard trajectory, the missile would have a range of 10,400 km (6,500 miles), not taking into account the Earth’s rotation.  However, the rotation of the Earth increases the range of missiles fired eastward, depending on their direction.  It is important to keep in mind that we do not know the mass of the payload the missile carried on this test.”

David Wright, Senior Scientist, Global Security Program, Union of Concerned Scientists to CNBC

Keep this sentence in mind from the excerpt: “However, the rotation of the Earth increases the range of missiles fired eastward, depending on their direction.” 

Such proves they have at least enough “juice” to deliver a warhead containing an EMP weapon dead center over the continental United States, and can strike the U.S. anywhere.

Dr. Peter V. Pry, formerly an analyst with the CIA, and now the head of the Committee to Assess EMP (Electromagnetic Pulse) Threats against the U.S., is the foremost expert on such threats and briefs Congress on them annually.  Dr. Pry has assured Congress countless times that North Korea not only has miniaturization capabilities regarding nuclear warheads, but also has that capability regarding the deployment of an EMP weapon.  I strongly urge you to read his writings and articles.

Now-retired Congressman Roscoe Bartlett (R, MD) practically hopped up and down during both the Bush Jr. and Obama administrations to try and initiate action by the government to protect the grid and infrastructure from an EMP attack.  To no avail, all his pleadings… substantiated by piles of research documents and assessments – pure evidence – fell on deaf ears, and he has since retired and withdrawn from mainstream society.  Several general officers over the past years (such as General Curtis Scapparotti, for example) went “against the grain” during the Obama years and declared that North Korea did indeed possess EMP weapons, miniaturization capabilities, and ICBM’s.  Their declarations also went unheeded.

Now, just as Obama planned it, we are “behind the power curve,” and vulnerable: North Korea has had years to prepare, in the face of mere “sanctions” or other “paper-tiger” rumblings.  Through our complacency, they have been enabled to strike the U.S.  Along with the mothballing of TARS (Tethered Aerostat Radar System), the string of radar-equipped balloons along the Gulf Coast to add about ten minutes early warning time to our missile tracking capabilities. As SHTF Plan reportedTARS was taken out in 2013, at Obama’s direction.  North Korea has two satellites in orbit that each cross over the U.S. several times daily at 300 km, the optimal height for an EMP strike.

Just as Obama planned it.

The United States, South Korea, and Japan all equally assessed the North Korean launch on July 29th with the same capabilities.  President Trump said that he would take all necessary steps to ensure the security of the U.S. and its allies.  The nations (the U.S. included) have all declared the intention of more sanctions against North Korea.  More nonsense.  These two excerpts came from a Dailymail.com article by Cheyenne Roundtree and Gareth Davis for Mailonline that are interesting, if not “amusing” (from a cynical perspective).  Here’s the first, with the main point underlined:

“[President] Donald Trump released a statement yesterday after the missile launch, saying: ‘North Korea’s test launch yesterday of another intercontinental ballistic missile – the second such test in less than a month – is only the latest reckless and dangerous action by the North Korean regime.”

Yes, there you have it from the mouth of the President of the United States, confirming it was indeed and intercontinental ballistic missile (ICBM), and was indeed the second one that is confirmed.  Here is the second excerpt:

“Washington and its allies have watched with growing concern as Pyongyang has made significant progress toward its goal of having all of the US within range of its missiles to counter what it labels as US aggression.  While there are hurdles, including building nuclear warheads to fit on those missiles and ensuring reliability, many analysts have been surprised by how quickly Kim Jong-Un has developed North Korea’s nuclear and missile programs.

Well, along with interesting and amusing, let’s add infuriating to the list to describe these words from the excerpt:

“Many analysts have been surprised.”

“Significant progress toward its goal”

Do you think those analysts will be surprised when, suddenly, all the lights and air conditioning in their offices go out and they’re in the dark on the 30thfloor?  Or if not that, perhaps they’ll be surprised when they look out of their windows and see a nice blinding flash of light and a mushroom cloud?  Do you think either an EMP and/or a mushroom cloud over what was once an American city will prove that North Korea has made significant progress toward its goal?

Sometimes valuable information comes from sources that might normally never see the light of day.  I found this comment on Steve Quayle’s website that may place things into perspective from a “grass roots” level.  Obviously, it is written by a mother of someone in the service, probably the U.S. Army.  Here it is, along with its citation:

“Angel says:  Comment ID: 3722746    August 1, 2017 at 1:22 am

“Wanted to give a heads up that the upcoming fight with North Korea is very real.  My child is a Combat Engineer stationed at the DMZ currently and they are readying for a fight.  They are doing things in that area that haven’t been done in 50 years.  Such as clearing mine fields.  They are awaiting orders to attack.  Get prepared now if you’re not already.  I have someone on the front line and I can tell you it’s getting bad.”

Sometimes information from the average person will give you insights on things you will not hear in the mainstream media.  This woman’s comment is both simplistic and unsolicited, and anyone with more information who is in the area?  Your comments would be greatly appreciated.  Such comments can reveal (at least in part) what is taking place over there and is valuable, because there is no such thing as “grass roots” journalism anymore.  There are no more reporters to interview the “man on the street” or to cover things happening in foreign countries.  We must rely on what information we bring to one another and our wits to be able to recognize the valuable parts…pieces to the overall puzzle that present the big picture.

Read More @ SHTFPlan.com