Tuesday, September 29, 2020

What President Trump and the West Can Learn from China

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from Antonius Aquinas:

Instead of a demonstration of its overwhelming military might intended to intimidate tiny North Korea and pressure China to lean on its defiant communist neighbor, President Trump and the West should try to learn a few things from China.

The President’s trip to the Far East came on the heels of the completion of China’s 19th National Congress where the current president, Xi Jinping, has cunningly positioned himself as China’s unchallenged leader.  In an address at the opening of the Congress, Xi cautioned that the country faced “challenges” that are “extremely grim” yet, despite these, the nation’s future is “extremely bright.”*

While Western politicos and pundits bemoan the lack of political pluralism that exists within China and President Trump complained about bad trade “deals,” they miss an important factor as to why China has transformed itself from a socialist basket case some three decades ago into an economic powerhouse which now boasts over a third of the world’s billionaires!

China’s economic ascendancy can be attributed not only to the implementation of market reforms in the 1990s, but also its lack of “political competition.”  As a one-party state, resources, time, energy, and capital are not allowed to be channeled into wasteful political processes, but instead are used and “invested” in wealth-creation activities – construction, factories, plants, equipment, research, technology – all of which leads to more and cheaper consumer goods.

The US and the West spend too much on elections, campaigns, polling, political consultation, etc., which diverts scarce resources away from the private wealth sectors of society.  For example, in her last failed presidential campaign run, the Wicked Witch of Chappaqua alone spent over a half of billion dollars.

Under Western democratic pluralism, public debt and state spending have increased to unsustainable levels.  In the US alone – history’s greatest debtor nation – the national debt is in excess of $20 trillion, while its total debt officially is $68 billion with a federal deficit (GAAP) running yearly at $5 ½ trillion.

Such staggering numbers are the result, in part, from political parties seeking public office and once elected exploiting their position to enrich themselves, their constituents, and create dependent classes among the ever shrinking productive segments of society.

China’s foreign policy – an extension of politics – has also been conducive for wealth creation.  Instead of wasteful spending on military hardware, the maintenance of a far-flung global empire, and involvement in incessant wars, Chinas has a rather meek military compared to its national income and has conducted a pretty much non-interventionist foreign policy – witness its diplomacy with North Korea.

The US is almost the polar opposite.  It spends more on “defense” than the next eight countries combined.** Instead of the production of useful consumer goods, billions are siphoned off into the military/security industrial complex.  Not only does this impoverish Americans at home, but it leads to never ending involvement in wars, conflicts, and disputes, most of which are created or exacerbated by US spy organizations.

Read More @ AntoniusAquinas.com

Soros, NED, USAID Ruining Myanmar’s Stability to Hinder China’s Rise – Author

from Sputnik News:

Billionaire George Soros continues to pull the strings in Myanmar, along with American non-government entities, geopolitical researcher and author Anthony Cartalucci has told Sputnik, suggesting that the Rohingya crisis is a pretext to beef up the US’ political and military presence in the region to contain China’s rise.

“Soros’ foundation along with the US State Department, the National Endowment for Democracy (NED), USAID and many others have for decades and will continue indefinitely undermining stability in Myanmar and across Southeast Asia to hinder China’s rise and delay America’s decline in the region for as long as possible,” Anthony Cartalucci, a Bangkok-based geopolitical researcher and author, says.

Soros’ Interest in Myanmar ‘Goes Back to 1987’

Hungarian-American investor and business magnate George Soros has a long record of meddling in Myanmar’s affairs and the Southeast Asian region in general.

Forbes reported in 2007 that Soros was spending $2 million a year, “trying to pave the way for democracy in Burma [Myanmar],” through the Burma Project, kicked off in 1994 and operated by the investor’s Open Society Foundations.

According to the media outlet, “Soros’ interest in Burma [Myanmar] goes back to the fall of 1987,” when protests against the government’s currency reform began. In 1988 Nationwide Popular Pro-Democracy Protests — a series of nationwide demonstrations and civil unrest — engulfed the country. It was then that Aung San Suu Kyi, the leader of the National League for Democracy (NLD) and Myanmar’s incumbent State Counsellor, emerged nothing short of a “national icon.”

Soros and Asian Financial Crisis of 1997

Leaked Memo: Is Soros Planning ‘Series of Color Revolutions’ in Southeast Asia?

In 1997 the American billionaire came under heavy criticism from Southeast Asia nations for the speculative attack on the country’s currencies in mid-July, known as the Asian financial crisis.

Speaking to Fortune’s Neel Chowdhury, Malaysian Prime Minister Mahathir Mohamad stated on September 29, 1997 that Kuala Lumpur had “definite information” and “every evidence” that Soros was involved in the financial crisis, adding that the US investor was “not the only one” who fanned its flames.

“In fact, he [Soros] more or less confessed later on that he was involved,” Mahathir highlighted. “He had this idea that by applying pressure on Thailand and Malaysia he could prevent Myanmar from joining ASEAN [the Association of Southeast Asian Nations].”

As the media outlet noted, “Soros was irked that in late July, Mahathir and the other leaders of the Association of Southeast Asian Nations formally ushered Myanmar into ASEAN.”

Why Did Soros Seek to Prevent Myanmar From Joining ASEAN?

“In 1997 when Myanmar joined ASEAN, the US — Soros included — had already been deeply involved in coercing, pressuring, and manipulating Southeast Asian states for decades as a continuation of Western colonialism,” Cartalucci responded.

The geopolitical researcher explained that “Myanmar’s acceptance into ASEAN gave it options, legitimacy, and leverage that the US was attempting to strip away from it just as it does today with nations like Syria, North Korea, or Iran through political isolation, economic sanctions, media campaigns, and covert subversion.”

“Efforts to hinder Myanmar’s membership in ASEAN were intended to deny it a much needed lifeline,” he remarked.

Read More @ SputnikNews.com

Draghi Knew About Hiding Losses by Italian Banks

by Martin Armstrong, Armstrong Economics:

The Bank of Italy, when it was headed at the time by Mario Draghi, knew Banca Monte dei Paschi di Siena SpA hid the loss of almost half a billion dollars using derivatives two years before prosecutors were alerted to the complex transactions, according to documents revealed in a Milan court.

Mario Draghi, now president of the European Central Bank, was fully aware of how derivatives were being used to hide losses. Goldman Sachs did that for Greece, which blew up in 2010. It is now showing that Draghi was aware of the problems stemming from a 2008 trade entered into with Deutsche Bank AG which was the mirror image of an earlier deal Monte Paschi had with the same bank. The Italian bank was losing about €370 million euros on the earlier transaction, internally they called “Santorini” named after the island that blew up in a volcano. The new trade posted a gain of roughly the same amount and allowed losses to be spread out over a longer period. We use to call these tax straddles.

The report was dated September 17th, 2010, and marked “private” demonstrating that the Bank of Italy was aware that by choosing not to book the trade at fair value Monte Paschi avoided showing a loss at the time. If the bank had used a mark-to-market valuation in the fourth quarter of 2008, it would have been included in its year-end report as the credit crisis was cresting.

This is the real picture behind the curtain. Draghi has known all about using derivatives to mask-over losses and pretend they are not there. The entire Greece Crisis was caused by Goldman Sachs constructing derivatives to pretend Greece made the criteria for the Eurozone.

Greece joined the Euro in 2001 under Costas Simitis. At the time, Greece owed about €3.4 billion euros it had borrowed. Goldman engineered a currency swap whereby the Greek debt, issued in dollars and yen, was exchanged for euros that were priced at a “historical” or entirely fictitious currency rate. Of course, swapping dollar and yen debt at nearly the low of 2000 when the euro was only 82 cents to the dollar became a nightmare. Greece’s debt doubled in real terms as the euro then rose to $1.60 by 2008. Obviously, Goldman offered no advice but structured a deal that only benefited itself by directing Greece to sell the dollar at the low. Goldman also set up an off-market interest-rate swap to repay the loan off the books, which was a currency position and therefore not technically a “loan” outside any reporting requirement as debt. The trade kept this part of the Greek debt off the books and cleverly hidden from scrutiny. This falsely created the idea that the Greek debt was moving in the right direction to meet the Maastricht rules eventually. Goldman overpriced the deal to such an extent that 12{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of their $6.35 billion in trading and investment revenue for 2001 came from restructuring Greece. In total, they pocketed a premium fee of $300 million. Goldman also warned, as they typically do, Goldman would cancel the offer that if Greece shopped the deal around for a better price. Goldman further demanded that Greece pledge landing fees from Greek airports and revenue from the national lottery as part of the transaction to secure their own profits strip-mining Greece.

Within just three months of signing the deal, the bond markets took a major swing following the September 11 attack in New York during 2001. Furthermore, the dollar declined and the Euro soared. Greek officials began to realize that the deal was not going well in the least. The Greek national debt nearly doubled in size, and in real terms (currency adjusted), the debt would double by 2008 just in Euro terms nominally. Greece faced another financial crisis in 2005, which few understood. Goldman Sachs “restructured” the deal once again, but this time they were selling the interest rate swap to the National Bank of Greece under the new government that came to power in 2004 under Karamanlis. This increased the debt even further stretching-out the payments beyond 2032. Goldman managed to extract $500 million from the Greeks, according to numerous press stories (Independent Friday 10 July 2015; Greek debt crisis: Goldman Sachs could be sued for helping hide debts when it joined euro).

Read More @ ArmstrongEconomics.com

Central Bank’s Hard Money Policies Have Finally Tamed Russia’s Traditionally High Inflation

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by Anatoly Karlin, Russia Insider:

Elvira Nabiullina, the iron lady of Russia’s central bank has brought inflation down to the historic low of 2.7 percent

Inflation is now at 2.7{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} as of October 2017, down from double-digit rates three years ago and overshooting the Central Bank of Russia’s 4{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} target for this year.

This constitutes an all-time post-Soviet low.

This is in large part thanks to the hawkish monetary policy of CBR head Elvira Nabiullina, and indirectly of Putin, who gave her and the economic liberal bloc political cover in the face of populist opposition demanding lower interest rates and greater state invervention in the economy.

Once Soviet-era capacities, at least in those sectors where they were market-competitive, were restored by the mid-2000s, Russia’s high growth rate petered out (though irrational exuberance sustained it for a couple more years until the 2008 crash). The major problem, besides an atrocious business climate, was that high inflationary expectations had become embedded. High inflation discourages savings, which you need for investment. Consequently, banks were only prepared to lend to small and medium sized businesses at rapacious rates of interest.

But it now looks like Russia’s version of the Volcker shock since 2014 has finally succeeded in taming inflation for good.

This is especially significant since it comes on the back of three other major achievements that are of long-term relevance to growth.

1. A rise from ~120th (i.e. Nigeria) to 35th (i.e. Japan) position on the World Bank’s Ease of Doing Business since the start of Putin’s third term. Russia is still far from the best place to do business in, but it is vastly better than it was a decade ago.

2. A near halving in the numbers of Russian “pocket banks,” to the benefit of established and more transparent lenders (a consolidation that Nabiullina has spearheaded).

3. The beginning of semi-serious efforts to resurrect Russia’s moribund R&D capacities. (More on this later).

Read More @ Russia_Insider.com

‘Magic Wand’: Russia Buying Gold at Record Pace, Unlikely to Lose Momentum

from Sputnik News:

Russia has been expanding its gold reserves at a record pace, according to information from the World Gold Council (WGC). Russian business newspaper Kommersant suggests this gold rush will give Russia guarantees against sanctions and economic and geopolitical risks.

In the third quarter of 2017, the Central Bank of Russia bought 63 tons of the precious metal, bringing its gold stockpiles to 1,778.9 tons as of the end of September.

In September only, the regulator added 34.6 tons of bullion to its reserves, in the highest monthly increase since October 2016.

Currently, the Russian Central Bank has been ranked sixth in the world in terms of bullion reserves. The top five are the United States (8,133.5 tons), Germany (3,373.7), Italy (2,451.8 tons), France (2,435.9) and China (1,842.6).

At the same time, according to the WGC, the Russian Central Bank is leading in terms of the pace at which it is stockpiling gold.

According to the Russian business daily Kommersant, by stockpiling bullion, Russian wants to have guarantees amid the tightening of the US Federal Reserve’s policy and amid the growing tensions between Moscow and Washington. Russia also wants to protect its reserves against possible geopolitical risks.

If US sanctions are expanded to block Russia’s assets invested in US Treasuries, gold will be a “magic wand,” Andrei Vernikov, senior investment analyst with the asset management company Zerich Capital Management, told Kommersant.

Market analysts also suggest that the Russian Central Bank will continue to expand its gold reserves.

“The regulator will continue to amass gold in its reserves, decreasing the share of US Treasuries,” Alexander Losev, CEO of Sputnik Asset Management, told the newspaper.

If the Russian Central Bank continues to buy gold at the same pace Russia is likely to topple China as the world’s fifth-biggest holder of bullion in early 2018, according to Kommersant.

Read More @ SputnikNews.com

Putin Tells Trump No Russian US Election Meddling Occurred

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by Stephen Lendman, Stephen Lendman:

Despite repeated claims of Russian US election meddling by Washington’s intelligence community, undemocratic Dems, and deplorable media scoundrels, operating as press agents for US power, no evidence proves any – NONE!

Plenty of evidence reveals no Russian hacking or any other type meddling occurred – clearly show information was leaked by a DNC insider, divulged by WikiLeaks.

The CIA under John Brennan bears full responsible for inventing the Russiagate scam – fabricated accusations of Russian meddling and false claims of Trump team’s improper or illegal dealings with the Kremlin, a scheme to delegitimize him and bash Russia irresponsibly.

In Vietnam for the 2017 APEC summit, Putin and Trump had only several brief exchanges, no formal meeting.

Earlier, Putin debunked the phony accusations of Russian US election meddling – telling Trump the same thing at the APEC summit.

Aboard Air Force One on route to Hanoi, Trump said he asked him about alleged Russian meddling. “He said he didn’t meddle. I asked him again. You can only ask so many times. I just asked him again. He said he absolutely did not meddle in our election. He did not do what they are saying he did.”

“Every time he sees me he says, ‘I didn’t do that,’ and I really believe that when he tells me that, he means it.”

“He says, ‘I didn’t do that.’ I think he is very insulted by it, which is not a good thing for our country.”

Putin is refreshingly candid and straightforward in all his remarks – in addresses and answering questions. His behavior is polar opposite how duplicitous Western politicians operate, especially US ones, lying to constituents, saying one thing, doing another, betraying the public trust.

Trump believes Putin was honest in saying no Russian meddling occurred. The New York Times lied claiming otherwise, suppressing, reinterpreting or distorting facts its specialty.

“Having a good relationship with Russia is a great, great thing,” Trump added. “This artificial Democratic hit job gets in the way, and that’s a shame, because people will die.”

Trump doesn’t believe Russia tried helping him defeat Hillary. He called accusations of Russian US election meddling “fantasies,” intending to delegitimize him.

At the APEC summit in Vietnam, he said “(everything) about the so-called Russian dossier in the US is a manifestation of continuing domestic political struggle.”

Read More @ StephenLendman.org

As Saudi ‘Purge’ Expands And Chaos Grips Middle East, We’re Ticking Down To Something Huge On The Horizon With All The Ducks Now Being Lined Up In A Row

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by Stefan Stanford, All News Pipeline:

– Is THIS The Tip Of The Iceberg That Takes Down Hillary Clinton?   

In this new, viral story by Chris Martenson over at Peak Prosperity that was republished on Zero Hedge titled “If The Saudi Arabia Situation Doesn’t Worry You, You’re Not Paying Attention”, he tells us the dramatic geo-political realignment we’re now witnessing in the Middle East is upending many, many decades of established strategic relationships that stretched across the entire world with its tentacles reaching firmly into Washington DC and US politics. 

Warning in his story that so much is currently in flux in the Middle East that nearly anything can happen next, he says that the tectonic change we’re witnessing now happening at blazing speed is receiving very little attention from the mainstream media here in America, thus proving how big a deal that this really is. While also warning that the gigantic waves of change now rolling across the Middle East will definitely come crashing down upon American shores in numerous ways that are likely to be enormous though still unpredictable. 

And while Martenson warns that the ongoing purge we’re now witnessing in Saudi Arabia will likely impact the price of oil and the global markets as some of the richest men in the world are arrested for corruption, the tectonic shaking that we’re witnessing coming from Saudi Arabia could easily spark a new Middle East war with the opposing sides already being drawn as shared in this story and the first video below from South Front. 

 Martenson also warns us that Russia and China could quickly be drawn in to any conflict that flares up between Saudi Arabia and Iran and their numerous allies yet as we’ve previously reported on ANP, what could be the  most important aspect of this ‘purge’ are its ties directly back to Washington DC and US presidents dating back to Richard Nixon. As Martenson tells us in his story, a 40+ year old secret was kept that has finally seen the light of day.  

Let’s talk about the most seminal moment in recent Saudi history: the key oil-for-money-and-protection deal struck between the Nixon administration and King Faisal back in the early 1970’s. 

This pivotal agreement allowed KSA to secretly recycle its surplus petrodollars back into US Treasuries while receiving US military protection in exchange. The secret was kept for 41 years, only recently revealed in 2016 due to a Bloomberg FOIA request. 

Note that this is yet another secret world-shaping deal successfully kept out of the media for over four decades. Yes Virginia, conspiracies do happen. Secrets can be (and are routinely) kept by hundreds, even thousands, of people over long stretches of time. 

With the Saudi purge now expanding with the arrest of Saudi ‘Deep State’ Prince Bandar also showing that what’s happening in Saudi Arabia goes all the way back to the Bush days and before, we have to wonder if Americans such as Bush or Hillary Clinton have been proven corrupt in the massive records and assets seizures that have been happening there and if the ‘Saudi connection’ will eventually bring down the corrupt political house of cards here in America. 

With a very clear war declared upon Hollywood corruption and nasty news-men as Susan Duclos has previously reported here on ANP, the icing on the cake would be to see the likes of Hillary finally get the justice she deserves as Americans finally get truth on numerous conspiracies, scandals and tragedies that have haunted our nation for many years.  

As we hear in the 3rd video below, the Saudi Arabia connection to Hillary Clinton involves tens of millions of dollars and stretches back many, many years. Is Saudi Arabia the tip of the iceberg that will finally lead to #LockHerUp? 

Read More @ AllNewsPipeline.com

Robert Lambourne: BIS gold swaps rose substantially in October

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by Robert Lambourne, GATA:

Disclosures in the October statement of account published by the Bank for International Settlements indicate that during October the bank increased substantially its use of gold swaps and other gold-related derivatives

See —

https://www.bis.org/banking/balsheet/statofacc171031.pdf

— or:

http://www.gata.org/files/BISStatementOfAccount-October-31-2017.pdf

The information provided in the BIS monthly statement of account is not sufficient to calculate a precise amount of gold-related derivatives, including swaps, but it appears that the total exposure has risen above 570 tonnes of gold as of October 31.

This compares to an estimate of close to 500 tonnes as of August 31 and an audited figure of 438 tonnes as of March 31.

This is the BIS’ highest level of gold swaps recorded since the bank began reporting the use of gold swaps in its annual report for the financial year ended March 31, 2010.

 

A review of the previous use of gold derivatives by the BIS reveals that the transactions in the year ending March 31, 2010, were far more substantial than anything done by the bank in the years immediately before.

The use of gold swaps reported by the BIS in recent years is summarized here:

March 2010: 346 tonnes

March 2011: 409 tonnes.

March 2012: 355 tonnes.

March 2013: 404 tonnes.

March 2014: 236 tonnes.

March 2015: 47 tonnes.

March 2016: 0 tonnes.

March 2017: 438 tonnes.

As the table shows, the use of gold swaps by the BIS fell from 2013 to zero in March 2016. In the financial year ending in March 2017 a new year-end peak of 438 tonnes was reported.

In addition, while the BIS has been making record use of gold derivatives, the bank’s traditional gold banking business has been in decline, with far less gold being deposited by central banks in BIS-controlled gold sight accounts.

In March 2010 gold swaps represented just 20 percent of the gold that the BIS had placed in gold sight accounts with central banks. By March this year 59 percent of the gold placed by the BIS in gold sight accounts with central banks had come from gold swaps and other gold derivatives.

From the BIS statement of account for October 2017 it appears that gold swaps and other gold-related derivatives accounted for 66 percent of the gold the BIS had placed in gold sight accounts at central banks.

Hence gold derivatives have become the dominant source of gold used in the BIS’ banking business. But the BIS has not highlighted or explained this change.

Indeed, the BIS has offered no explanation for its renewed use of gold swaps since March 2016. By contrast, on July 29, 2010, the BIS discussed its gold swaps with the Financial Times. BIS General Manager Jaime Caruana said then that the gold swaps were “regular commercial activities” for the bank:

http://www.ft.com/cms/s/0/3e659ed0-9b39-11df-baaf-00144feab49a.html

Here are excerpts from the article:

“Some analysts speculated that the swap deals were a surreptitious bailout of the European banking system ahead of last week’s publication of stress tests. But bankers and officials have described the transactions as ‘mutually beneficial.’ …

“‘The client approached us with the idea of buying some gold with the option to sell it back,’ said one European banker, referring to the BIS.

“Another banker said: ‘From time to time central banks or the BIS want to optimize the return on their currency holdings.'”

Read More @ GATA.org

Mass Shootings, Terrorism & “Western Values”

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by Caleb Maupin, New Eastern Outlook:

While the two profiles of mass murderers across the western world in recent years seem totally different from each other, they seem to share a common theme. While the “angry white men” and “ISIS inspired” “Lone Wolves” have different world views, backgrounds, and perspectives, it is in the psychological underpinnings driving of these killers where we can find common ground.

At this point the perpetrators of brutal acts of violence claiming sometimes scores of innocent lives can be divided into two major categories. The first are usually younger American men of European heritage. Devin Kelley who shot up the First Baptist Church in Sutherland Springs Texas on November 5th, Adam Lanza who mercilessly killed a room of children at Sandy Hook Elementary, James Holmes who gunned down movie goers in Colorado, Eric Harris and Dylan Klebold of the 1999 Columbine Massacre all fit this profile. While Stephen Craig Paddock, who recently shot down country Music fans in Nevada was much older than other mass murderers, he can still certainly be considered an “angry white man.”

The second group, the “ISIS inspired” “lone wolf” killers, who are usually designated as terrorists due their religious statements, are younger men as well. However, they tend be from immigrant families, though many of them are born in the western country they eventually attack. Omar Mateen who shot up the Pulse night club, New Jersey bomber Ahmed Rahami, Salman Abedi who bombed the Manchester concert, the Tzarnev Brothers who attacked the Boston Marathon, all fit this category of ISIS or Al-Qaeda inspired, lone wolf killers.

The Motivations of Mass Murderers

So, what drives these people to take the lives of random innocent people? Let’s begin with the lone wolves inspired by Wahabbi extremists.

When examining such people, a rational person will ask: Who could be possibly be inspired by an ISIS video? A normal person watches clips of inhumane brutality and is disgusted. They see a person being burned alive, or drowned in a cage, and they are overwhelmed with empathy for the person being subjected to such cruelty. They see a person suffering so horrifically, and feel empathy for the victim, while seeing the perpetrators as cruel and heartless. However, there is a rare type of person who has a different reaction to such films. These deranged individuals, the kind who have tortured animals as children, see such a video, and rather than feeling empathy for the victim, become overwhelmed with admiration for the perpetrators.

Perhaps the person has been emotionally isolated or disconnected from others, not developing proper interpersonal capabilities allowing empathy. Perhaps the person was ruthlessly abused and desperately block out any feelings empathy to avoid recalling their own trauma.  Regardless, the way they process acts of cruelty is to admire the perpetrators, not to sympathize with the victims. They live a bored life, holding contempt for their fellow human beings. Eventually, seeing the ISIS videos inspires them, and they go out and attempt to mimic their atrocities.

When it gets down to it, the mindset of “angry white men” who go on mass shootings is not so different than the mentality of “lone wolves” inspired by ISIS propaganda.

After the infamous Columbine Massacre of 1999, one of the most deadly mass shootings of up to that point, the media was filled with a barrage of falsehoods. Now, almost two decades later we learn that American mainstream media had the story all wrong. The students were not fans of Marilyn Manson. The students were not members of a “Trench Coat Mafia.” They did not execute a classmate for saying “yes” when asked if she was a Christian, and they were not seeking revenge for bullying.

In reality, Eric Harris, the mastermind of the attacks, enjoyed hurting other people. He studied mass murder and acts of brutality, and like those who watch ISIS videos, he admired the perpetrators and felt no sympathy for the victims. Harris’ believed in Social Darwinism, and as he slaughtered his classmates, he wore a T-shirt quoting Charles Darwin’s widely misinterpreted phrase “natural selection.” Harris co-conspirator was Dylan Klebold, a somewhat depressed and troubled person who came under his influence.

Eric Harris fit the profile perfectly, and if he was from an immigrant family and conducting his crimes in more recent years, it wouldn’t be difficult to imagine him swearing allegiance to Al-Baghdadi. The ISIS inspired killers and the mass shooters share this lack of empathy, and admiration for inhuman cruelty. Whether they justify it with White Supremacism, Social Darwinism, or a desire to build a Wahabbi Caliphate, these themes of admiring cruelty and lacking basic empathy, are the common psychological thread that ties the actions of mass murderers together.

“Western Values” & Psychopathy

The bigger question is, where does this mindset come from?

In the global mind, mass shooters, ISIS inspired or otherwise, are closely associated with the United States. Michael Moore’s Oscar winning documentary “Bowling For Columbine” explored the question of what within American culture could possibly be driving such horrendous crimes. It has become almost cliché for TV journalists and public intellectuals to tearfully ask “why does this keep happening?” after each occurrence.

In reality, finding the roots of the mindset that drives mass murderers may not be as difficult as the endless amounts of TV news segments, books, and documentary films make it out to be.

One iconic person that emerged in the USA during the dawn of the Cold War is the novelist and pseudo-philosopher Ayn Rand. Ayn Rand’s writings are widely circulated throughout the United States. Business schools often recommend that future entrepreneurs study them. FOX news has run segments promoting Rand’s works in recent years, decades after her death.

The widespread promotion of Ayn Rand’s writings is relevant to the question, because Rand’s mindset has a lot in common with that of mass murderers. Rand espoused a concept called “the virtue of selfishness.” She argued that altruism and empathy, or any form of compassion for others, was the root of society’s problems.

Ayn Rand’s magnum opus “Atlas Shrugged” tells of the “great men” i.e. business owners and inventors, going on strike against a world filled with ungrateful people who tax and regulate them.

In Rand’s novel “The Fountainhead,” the hero breaks into the apartment of a woman and rapes her. Rand doesn’t portray this as a crime, but rather as a heroic event. Howard Roark, her protagonist, is presented as a misunderstood “great man” somehow asserting his natural position of power.

The biography “Goddess of the Market: Ayn Rand and the American Right,” describes how shortly after immigrating to the United States, Rand deeply admired a convicted murderer. As a recent immigrant from Russia living in Chicago, the young Ayn Rand swooned over William Hickman, a man who strangled his own wife, and refused to show remorse. Rand spoke of this man, who was eventually executed, with glowing admiration for his refusal to conform to society’s wishes.

This beloved ideologue of American capitalism preaches the very mindset found in mass murderers, be they “lone wolves” or “angry white men.” Like Eric Harris who gunned down innocent students wearing his “natural selection” t-shirt, she portrays the poor and oppressed as worthy of their suffering, while presenting those who victimize them as heroes, asserting their inherent superiority.

Dangerous Ideology

Ayn Rand is not a marginal figure in American discourse. Rand was the personal mentor of Alan Greenspan, who was Chairman of the Federal Reserve for decades, and headed of the Council on Foreign Relations. Republican Party leader Paul Ryan considers Ayn Rand to be his greatest influence.

All across America, young people are being encouraged to read the writings of someone who was essentially preaching and promoting the ideology of serial killers. Some of the most powerful politicians in the USA consider her a source of inspiration. No tyrants or dictators of the past, no matter how tyrannical and evil, distributed literature extolling the “virtue of selfishessness” and promoting the mentality of serial killers. The ideology and corresponding insanity currently gripping the United States is certainly unique.

Read More @ Journal-NEO.org
 

Fall of the House of Saud, Finally – Jim Willie

by Jim Willie, Goldseek:

*** COLLAPSE OF THE KINGDOM ***

The Saudi Kingdom will fall, a longstanding Jackass forecast, an inevitable event

The Saudi Kingdom will fall alongside the ruined collapsing Petro-Dollar

The Saudi foundation has been the primary element to entire Petro-Dollar system

This Saudi situation is loaded with intrigue, corruption, cunning, collusion, criminality

The Saudi region will erupt in chaos ruin decay and gross destabilization

The entire Saudi situation is a grand mixture of deep corruption and wreckage

The Saudi Royals will scatter and escape with stolen wealth, an absolute guarantee

 

*** BLATANT TREACHERY ***

The old guard like Prince al-Waleed are Citigroup investors and Wall Street friends

US will knock off princes to continue the USD, and to prevent deviation toward the East

Iran will knock off princes to stop the Yemen War, and to halt ISIS

Iran has a new vested interest, to avoid the spread of war to Lebanon

The US will deploy its usual terrorism, via Langley and ISIS tool

Iran will use the Yemeni violent anger for a rapacious invasion by the Saudi thugs

 

*** DANGEROUS DEEDS ***

Head of Saudi National Guard is dead

Crown prince Mohammed bin Salman captured the national media

Significant figure Prince Bandar is under arrest, his wealth frozen

Bandar is the key link in Bush Family for narcotics in the Saudi connection

Entire Bush-Clinton Crime Family is falling apart, in the process of being exposed

*** THE CLOWN PRINCE ***

MbS is buying time, but using the Rubin Doctrine in sabotaging tomorrow

Logical to expect the Fall of the House of Saud with the collapse of the Petro-Dollar

Crown Prince Mohammed bin Salman (MbS) conducted power grab for throne

Former crown prince Mohammed bin Nayef has resentment and some power still

Widespread purge of pro-US NeoCons and old guard for USDollar and narco connections

Possibly seen is battle between White Hat Pentagon and Black Hat Langley narcos

The battle will be played out in Saudi Arabia, leading to grotesque destabilization

 

*** PRINCELY RIVALS & CONFISCATION ***

Cover of cleaning up corruption by Saudi Kingdom is thin veneer for attacks on rivals

At risk of $800 billion in confiscations from rivals

USGovt might make difficult confiscations if friends of US NeoCons and Narcos

These criminal royals will try to impose a confiscation tax on the entire kingdom

Many more thefts and violent events and resignations and purges to come

The entire Fahd half-brother family hates MbS (former king)

The entire Abdullah half-brother family hates MbS (former king)

The entire Nayef half-brother family hates MbS (former crown prince)

MbS earned the wrath of Langley since they promoted favorite MbNayef

 

*** SAUDI LINKS TO ISIS ***

Saudi has been financing ISIS and supplying ISIS with weapons and soldiers

The Saudi – ISIS connection involves Israeli logistic support & command

The Saudi – ISIS connection involves narcotics funding via the Bush Family

The Saudi – Qatari feud was lost by the Saudis (no friends)

The Saudis have removed their puppet Hariri in Lebanon

Risk of bigger war in Lebanon, pushed by Israeli

The Saudis have no friends in the Gulf region except UAE princes

The Saudis enjoy almost no friendship even among the OPEC nations

 

*** SAUDIS AS WAR CRIMINALS ***

They are war criminals for the Yemen War

The Saudi Military has killed a million civilians in Yemen

The USGovt helped pay bribes to the United Nations to prevent Saudi citations

The Saudis have avoided having been charged with war crimes

Worse, the Saudis hired a French Stage-4 Lab to distribute cholera to the Yemeni population

Evidence abounds on the dispersed cholera that led to epidemic

 

*** TROUBLE WITH SAUDI OIL BUSINESS ***

Saudis have half the former oil revenues

Saudis have oversized federal deficits

Saudis have conducted their first bond issuance deals

Saudis formerly rejected OPEC output accords, now Saudi pushes alone for them

Need to finance the war and kingdom federal deficits

US wishes to eliminate the Chinese connection in financial dependence

 

*** SAUDI DEEP FRAUD WITH ARAMCO ***

US trying to offer support in return for ARAMCO listing

US contradictory since recent USGovt Law permits lawsuits against Saudi nation

USGovt has frozen $100 billion in Saudi assets

ARAMCO true value is less than 30{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the stated $2 trillion (i.e. $2000 billion)

Good work by Western energy analysts to provide embarrassing valuation estimates

Saudi has actual oil reserves less than 30{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of what officially stated

Saudis claim no depletion in oil reserves after 55 years of enormous constant output

 

*** SAUDIS AS TARGETS DOMESTIC & NEIGHBOR ***

Saudi popular resentment is widespread for lack of reforms in society

Saudi popular resentment for appropriation of businesses using extortion

Saudi popular resentment for hoarding and capturing their natural resource treasure

Saudi popular resentment for crackdown of fundamentalist Muslims

Yemen will target Saudi and UAE cities with missiles, like Riyadh and Abu Dhabi

 

*** SAUDI MAKING FRIENDS IN THE EAST ***

Saudi embracing Russian Rosneft oil consortium for non-USD sales

The Saudis join Iran and Venezuela in the oil consortium

Saudi embracing broad Chinese investment and federal finance (maybe modified)

Saudis will soon be compelled to sell China oil for RMB payments

Saudis are trapped, needed bond issuance to finance debts

Saudis are resorting to confiscations in a deadly game

Saudi Royals have begun to flee the country, escaping with captured wealth

 

*** STOLEN SAUDI GOLD ***

US & London used UBS & Credit Suisse to steal Arab gold in Swiss bullion banks

It had been stored in the Swiss bullion banks run by the two big Swiss banks

The UBS and Credit Suisse criminal charges were staged for access to their Swiss gold

The Swiss bankers shared in the stolen Arab gold

The last remnants of Saudi gold are stored in Deutsche Bank vaults

 

*** USGOVT STRIVES TO OBSTRUCT CHINA ***

USGovt wants to obstruct RMB oil sales, using threats against Saudi Royals

USGovt wants to obstruct Chinese funding of deficits and other investments

USGovt encouraged plan to confiscate rival royal bank accounts

Saudi has some Chinese missiles from recent purchases, shown in parades

Saudi has been courted by Russia on military association

Saudi Arabia is moving away from the US Sphere of influence

USGovt is encouraging high risk moves to keep Saudi contained in the US Sphere

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