Deutsche Bank, Credit Suisse, Santander, Barclays and RBS are among the stocks that are falling sharply sending shockwaves through the financial world, according to former hedge fund manager and ex Goldman Sachs employee Raoul Pal.
At the height of the financial disaster in 2008, the Government was forced to step in and rescue Lloyds Banks and RBS from liquidation, while the European Central Bank gave huge bailouts to Spain, Greece, Portugal and Italy.
Last month, the head of the European Central Bank Mario Draghi raised expectations that it could undergo yet more Quantitative Easing in March - in effect printing billions of pounds worth of money - in the face of ongoing economic fears.
France last month declared a state of economic crisis adding to worries about the stability of the eurozone.
Regulations now require banks in Europe to hold more cash as a buffer against market shocks, but Mr Pal said balance sheets haven't been cleaned up and warned negative interest rates are hitting the firms hard.
This article contains material from Paul Preston, Scott Bennett, Bob Chapman and myself. Some of the material is well documented, often using public sources and some of the complementary material is derived from deep-cover sources in which the source of the information would risk their lives if their identity were to be known.
The collection of material repeals a pattern that is so consistent and compelling, that any aware and open-minded person would conclude that the Obama administration is morally reprehensible and represents a mafia type structure to their regime. The corruption and treason of this administration is unparalleled in United States history to the point where I feel like chanting “bring back Nixon”.
Paul Preston Agenda 21 Radio
On January 31, 2016, I had Paul Preston as my first hour guest on The Common Sense Show. Preston has a strong reputation as a hard-hitting investigative reporter who is an expert on Agenda 21 issues.
In our opening segment Preston and myself reviewed what it really behind the theft of weapons grade uranium off of rancher lands in the west. This is part and parcel part of the plot to empty the rural areas of any semblance of human settlement and force all rural residents, including ranchers, to move to the “stack and pack” cities of the present and the future. Meanwhile, in the transitional period, the BLM and the EPA have moved to steal as many mineral assets from rancher and farmer lands as possible and turn the profits over to their elite cronies (e.g Hillary Clinton and Barack Obama). Hence, the Bundy Ranch and the Hammond Ranch et al affairs, are the poster-children events for this depraved indifference to welfare of this nation.
According to Preston, America is only seeing the tip of the iceberg when it comes to the mafia-style operation presently being carried out by the BLM. For example, what is not being reported is that when Cliven Bundy was fighting for his ranch, 51 of 52 of his rancher neighbors had already been forced off of their land by the BLM. Why have you not heard of it? Because the MSM refuses to cover these events.
Our 51st State born from the desire to counter the treachery and thievery of the BLM and the EPA.
Other than The Common Sense Show’s coverage of BLM abuse of ranchers and farmers in the West, have you read any other accounts that 19 counties in Northern California and Southern Oregon are actively petitioning to leave their respective states and form the State of Jefferson, with the goal of forming a 51ststate, called the State of Jefferson, for the express purpose of warding off the BLM and the EPA? The reasons behind the formation of the State of Jefferson is precisely why Ammon Bundy went to Burns, Oregon in order to force this issue into the courts where it could be exposed for all to see. Please forgive me for raining on Ammon’s parade. Although I admire the courage of this group of patriots, I feel their true message will obscured by a corrupt judiciary as it was following the Waco debacle. Time will tell and I sincerely hope that I am wrong.
Paul Preston opened our interview with the statement “Agenda 21 is about grabbing land. Americans are gaining a working knowledge of Agenda 21”.
Preston acknowledged that not only is Hillary Clinton benefiting from the theft of mineral resources from the land of American ranchers, so is Barack Obama. Many of the kick backs from the profits derived from this illegal and treasonous slush fund is directly applied to the funding of terrorism. For example, Obama paid for al-Qaeda to murder the leaders of Libya during their Obama funded revolution because they would not bow to the pressure to establish a Rockefeller-Rothschild international bank.
According to Preston’s deep cover sources, The ill-gotten gains from BLM/EPA fiascoes are funneled to other projects such as hiring terrorist, many of them al-Qaeda to kill ambassador Stephens at Benghazi. Preston’s investigative work was so outstanding, that he was invited to attend the premier of 13 Hours. It was that Preston met even more deep cover informants whose knowledge added to the conspiracy that the Obama administration is completely in bed with terrorist and is involved in the creation and the management of these groups and this runs contrary to the best interests of the people of the United States.
Listen to the Paul Preston/Dave Hodges interview by clicking here.
Scott Bennett
As an Army Special Operations Officer, Scott Bennett served in the G.W. Bush Administration from 2003 to 2008, and was a Social Science Research Fellow at the Heritage Foundation. His writings and lectures seek to enhance global awareness and understanding of modern psychological warfare, the international military-intelligence community, and global surveillance operations being artificially generated under the specter of “National Security”. Scott Bennett had his finger on the pulse of the power centers of the United States, and what he saw shook him to his core.
Scott Bennett was my guest on Sunday night, May 3, 2015, on The Common Sense Show. At least he was supposed to be my guest until both the servers and the live stream feeds, which are housed three thousand miles apart, were taken down by an unknown source. Fortunately, we were still heard by phone, but that was all. Scott Bennett is an expert on terrorism and the moment we got too deeply into the topic, somebody pulled the plug on our satellite provider, in multiple locations. However, the interview was preserved on our archives and is available for listening. What the bad guys must not realize that about 40 times more people listen to the archives than the live broadcast. If you recall, my first attempt to interview Ammon Bundy was met with the same type of interference. I have concluded that given the fate of Lavoy Finicum, any reporter or whistle blower who reports on these events is indeed risking his/her life.
Bennett has written extensively on the intelligence community’s surveillance activities addressed by Edward Snowden’s National Security Agency-Central Intelligence Agency materials; and since 2010, Bennett has filed numerous military-government whistle-blowing reports with Congressional Committees, including: the Intelligence, the Armed Services, the Government Oversight and Reform, the Homeland Security, the Judiciary, the Foreign Affairs, the Banking, and the Terrorism Committees. He has communicated with over a hundred Federal representatives, Senators, senior military officers and Pentagon officials, and journalists about the scandalous abuses of power and deception being employed against the American people by its own military-intelligence community; and the most damning report brought into the public sector occurred when he filed legal action against Booz Allen Hamilton and the Department of Defense for their involvement in secret Swiss Bank Terrorist Finance Operations, in which he uncovered with the help of Union Bank of Switzerland whistleblower, Brad Birkenfeld a massive terrorist funding program. Barack Obama maintained a foundation with ties to Swiss Banking which has funded everything from al-Qaeda to the Muslim Brotherhood to ISIS
We know that ISIS got its “beginnings” from U.S. military equipment deliberately left behind in Iraq. Bennett and I both agree that to leave unsecured weapons on a former battlefield was undoubtedly an intentional act because of the strict military protocols against such a practice. Again, he views ISIS, which is a hybrid terrorist organization, as the artificial creation of the CIA and the Mossad in a joint operation. Ultimately, chasing ISIS into Syria will result in Russian intervention and World War III. But first, we have to contend with ISIS on our doorstep, only 8 miles from El Paso. This is the quintessential false flag cover in which they hope to convince most of America to accept martial law out of ignorance to the role that the CIA and its allies will have played in the event. Bennett’s information serves to confirm Paul Preston’s accusations.
If your media player is up to date, you may also listen to the interview through the following links:
In April of 2015, I noted, in several media outlets the New York Times that a Russian front company, Uranium One, operating out of Canada, was a beneficiary of the BLM’s land grabs from ranchers and farmers in the American West. In the New York Times story, the undeniable fact was established that Hillary Clinton was a major participant in this plot to sell the stolen uranium to the Russians. Do I have to spell it out for you. Hillary Clinton was a major participant in selling the Russians uranium which could be turned into nuclear bombs to use against the United States.
I subsequently wrote another article where I compared Hillary Clinton to the infamous Ethel Rosenburg and demonstrated, in the article, how Clinton’s actions were even more egregious that Rosenburg’s because Rosenburg was convicted of selling nuclear “know-how” while this major mainstream media outlet was convinced that Clinton was directly involved and was a beneficiary of the sale nuclear grade weapons uranium to our enemy. In return, Uranium One’s payoffs to Clinton, in one way or another, ended up helping to fund her 2016 presidential campaign. Interestingly, as Ethel Rosenburg was executed for her treason, Hillary Clinton finds herself more financially enriched as a result of her blatant treason.
Interestingly, as I took a greater interest in the Russian’s involvement in Clinton’s run for the Presidency, the Russians took a greater interest in my website. As I have begun to give this treasonous event the attention that it deserves, the number of Russian based hits on my website have increased over 1,000% on a daily basis. Katy Whelan, the health reporter for The Common Sense Show, is receiving a similar spike from the Russians during this same time frame.
Muslim Brotherhood terrorist, Malik Obama and his half brother, the present American President.
The net effect derived from the work of Paul Preston, Scott Bennett and myself, is that Hillary Clinton both have massive slush funds in which both politicians are engaged in treason against the people of the United States. By the way, I have written four articles on how the Muslim Brotherhood has taken over the White House and the President’s own half brother is in charge of finance and weapons procurement for the Muslim Brotherhood. All of these articles are available through the search engine at The Common Sense Show.
Bob Chapman
The late Bob Chapman had this information connected to the depravity and financial conspiracies connected to the Obama administration. Chapman connected these dots with the Gulf oil explosion in April of 2010.
On April 20, 2010, the President had all of his money in Vanguard Investments (Vanguard I and Vanguard II). Vanguard was the biggest dumper of BP funds by volume by a long shot just weeks before the oil spill [Vanguard Windsor II Investor (-1,371,785)]. This adds President Obama to the list of suspected co-conspirators and maybe this explains why Obama, the EPA and the FDA were so quick to announce that the Gulf had bounced back and was “open for business.”
The top five dumping institutions of BP stock just prior to the spill included Goldman Sachs Asset Management, L.P. (-4,680,822), Wachovia Bank National Association (-2,667,419) and it is important to note that Wachovia is a subsidiary of Goldman Sachs, thus, making this one tight little family of co-conspirators. We also see massive dumping of Sanders Capital, LLC (-1,371,785) and Pnc Bank, National Association( -1,177,413) brings noted globalist George Sorosinto the conspiracy as well. Soros will become a central figure when the motives underlying the Gulf oil spill are unveiled in the next installment of this event.
The late Bob Chapman, while appearing the Alex Jones Show, revealed that Obama’s only asset holder , Vanguard I and Vanguard II, dramatically sold off BP stock only few weeks before Gulf oil explosion (does anyone else now see the extreme relevance of Goldman Sachs’ relationship with the media in a “hear no evil, see no evil and report no evil,” atmosphere?).
“According to this FSB report the largest seller of BP stock in the weeks before this disaster occurred was the American investment company known as Vanguardwho through two of their financial arms (Vanguard Windsor II Investor and Vanguard Windsor Investor) unloaded over 1.5 million shares of BP stock saving their investors hundreds of millions of dollars, chief among them President Obama.” “The FSB further estimates in this report that through Obama’s three accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is in the energy giant Exxon Mobil they believe will eventually acquire BPand all of their assets for what will be essentially a “rock bottom” price and which very predictably BP has hired Goldman Sachs to advise them on.”
“… little known by the American people, their President Obama holds all of his wealth in just two Vanguard funds, Vanguard 500 Index Fund where he has three accounts and the Vanguard FTSE Social Index Fundwhere he holds another three accounts, all six of which the FSB estimates will earn Obama nearly $8.5 million a year and which over 10 years will equal the staggering sum of $85 million.” The Chapman interview on this topic is particularly revealing. Watch the entire interview below.
Following the Gulf oil explosion, I wrote a seven part series I entitled The Great Gulf Coast Holocaust. I was able to confirm every word spoken by Bob Chapman on this event. The net effect is that Obama profited from the demise of the Gulf ecology from this contrived event which served to profit Goldman Sachs, Transocean and Haliburton. Obama profited tens of millions of dollars from this event.
Conclusion
There is enough material here to fill a library. Hillary Clinton will be the next president and we are only witnessing the tip of the iceberg of the depraved indifference and treason that will be visited upon the American people.
Make no mistake about it, this article is about treason.
Most of my readers and listeners need no introduction as to the rampant corruption of Obama and Clinton and the entire Obama administrative apparatus. However, when you are dealing with a general public, who has been so dumbed down, it is sometimes necessary to dumb down the presentation to such a degree that even a first-grader could be made to understand the extent of the treason being perpetrated against the American people by the Obama administration, particularly Obama and Clinton. Subsequently, I have constructed a first grade reader analogous to the old “Fun With Dick and Jane“.
Have you ever wondered how you could explain the Oregon controversy to your unaware and ignorant relatives, friends and co-workers”? I have the solution to your dilemma. “Kiss” is an acronym which frequently associated with the phrase “Keep It Simple Stupid”.
When explaining the state of affairs to the Fox-News crowd, simplicity is your best friend.
Therefore, The Common Sense Show is pleased to present:
FUN WITH BARACK AND HILLARY
Fun with Barack and Hillary, the newest Common Core addition.
HEY BILL, WOULD YOU LIKE TO BECOME “THE FIRST GENTLEMEN” COMPLETE WITH ALL THE WHITE HOUSE PERKS SUCH AS UNLIMITED ACCESS TO 18 YEAR OLD WHITE HOUSE PAGES? WELL, HAVE YOU EVER HEARD OF URANIUM ONE?
With Uranium One, we can steal lots of uranium from rancher lands with the help of our friends in the BLM…..
And we can sell it to our friends the Russians……
“Our friends, the globalists, will be pleased because we are helping them to get what they want too.”
American Ranchers fate is spelled out in this map.
Where is all this going, boys and girls?
See Hillary Run. Run Hillary run!
BOYS AND GIRLS, BELOW IS THE COST OF DOING BUSINESS WITH THE RUSSIANS AFTER WE ELECT HILLARY FROM HER ILL-GOTTEN GAINS.
The result of Hillary Clinton’s handiwork, more Russian nuclear weapons pointed at American cities.
HEY BARACK AND HILLARY READERS, CAN YOU FIND YOUR SOON-TO-BE DESTROYED AMERICAN CITY?
SOMETIMES, BOYS AND GIRLS, COLLATERAL DAMAGE MUST HAPPEN SO BARACK AND HILLARY CAN KEEP HAVING FUN. TODAY, WE HAVE A NEW COMMON CORE VOCABULARY WORD FOR ALL STUDENTS AND IT IS CALLED “COLLATERAL DAMAGE”.
Here is another phrase, boys and girls, that you need to remember. “The ends justifies the means”.
PLEASE SHARE “FUN WITH BARACK AND HILLARY” WITH ALL OF YOUR FOX NEWS-WATCHING SHEEP
“All students should be proud to be trading liberty for pseudo-security”.
It will not be long until the sheep revert back to their old viewing habits.
“Please tell me what to think”.
To the Awake and the Aware
In April of 2015, I noted that the New York Times reported that a Russian front company, Uranium One, operating out of Canada, was a beneficiary of the BLM’s land grabs from ranchers and farmers in the American West. In the New York Times story, the undeniable fact was established that Hillary Clinton was a major participant in this plot to sell the stolen uranium to the Russians. Do I have to spell it out for you. Hillary Clinton was a major participant in selling the Russians uranium which could be turned into nuclear bombs to use against the United States.
I subsequently wrote another article where I compared Hillary Clinton to the infamous Ethel Rosenburg and demonstrated, in the article, how Clinton’s actions were even more egregious that Rosenburg’s because Rosenburg was convicted of selling nuclear “know-how” while this major mainstream media outlet was convinced that Clinton was directly involved and was a beneficiary of the sale nuclear grade weapons uranium to our enemy. In return, Uranium One’s payoffs to Clinton, in one way or another, ended up helping to fund her 2016 presidential campaign. Interestingly, as Ethel Rosenburg was executed for her treason, Hillary Clinton finds herself more financially enriched as a result of her blatant treason.
As I took a greater interest in the Russian’s involvement in Clinton’s run for the Presidency, the Russians took a greater interest in my website according to my analytics. As I have begun to give this treasonous event the attention that it deserves, the number of Russian-based hits on my website have increased over 1,000% on a daily basis. Katy Whelan, the health reporter for The Common Sense Show, is receiving a similar spike from the Russians during this same time frame on her personal website.
Michael Hudson is the best economist in the world. Indeed, I could almost say that he is the only economist in the world. Almost all of the rest are neoliberals, who are not economists but shills for financial interests.
If you have not heard of Michael Hudson it merely shows the power of the Matrix. Hudson should have won several Nobel prizes in economics, but he will never get one.
Hudson did not intend to be an economist. At the University of Chicago, which had a leading economics faculty, Hudson studied music and cultural history. He went to New York City to work in publishing. He thought he could set out on his own when he was assigned rights to the writings and archives of George Lukacs and Leon Trotsky, but publishing houses were not interested in the work of two Jewish Marxists who had a significant impact on the 20th century.
Friendships connected Hudson to a former economist for General Electric who taught him the flow of funds through the economic system and explained how crises develop when debt outgrows the economy. Hooked, Hudson enrolled in the economics graduate program at NYU and took a job in the financial sector calculating how savings were recycled into new mortgage loans.
Hudson learned more economics from his work experience than from his Ph.D. courses. On Wall Street he learned how bank lending inflates land prices and, thereby, interest payments to the financial sector. The more banks lend, the higher real estate prices rise, thus encouraging more bank lending. As mortgage debt service rises, more of household income and more of the rental value of real estate are paid to the financial sector. When the imbalance becomes too large, the bubble bursts. Despite its importance, the analysis of land rent and property valuation was not part of his Ph.D. studies in economics.
Hudson’s next job was with Chase Manhattan, where he used the export earnings of South American countries to calculate how much debt service the countries could afford to pay to US banks. Hudson learned that just as mortgage lenders regard the rental income from property as a flow of money that can be diverted to interest payments, international banks regard the export earnings of foreign countries as revenues that can be used to pay interest on foreign loans. Hudson learned that the goal of creditors is to capture the entire economic surplus of a country into payments of debt service.
Soon the American creditors and the IMF were lending indebted countries money with which to pay interest. This caused the countries’ foreign debts to rise at compound interest. Hudson predicted that the indebted countries would not be able to pay their debts, an unwelcome prediction that was confirmed when Mexico announced it could not pay. This crisis was resolved with “Brady bonds” named after the US Treasury Secretary, but when the 2008 US mortgage crisis hit, just as Hudson predicted, nothing was done for the American homeowners. If you are not a mega-bank, your problems are not a focus of US economic policy.
Chase Manhattan next had Hudson develop an accounting format to analyze the US oil industry balance of payments. Here Hudson learned another lesson about the difference between official statistics and reality. Using “transfer pricing,” oil companies managed to avoid paying taxes by creating the illusion of zero profits. Oil company affiliates in tax avoidance locations buy oil at low prices from producers. From these flags of convenience locations, which have no tax on profits, the oil was then sold to Western refineries at prices marked up to eliminate profits. The profits were recorded by the oil companies’ affiliates in non-tax jurisdictions. (Tax authorities have cracked down to some extent on the use of transfer pricing to escape taxation.)
Hudson’s next task was to estimate the amount of money from crime going into Switzerland’s secret banking system. In this investigation, his last for Chase, Hudson discovered that under US State Department direction Chase and other large banks had established banks in the Caribbean for the purpose of attracting money into dollar holdings from drug dealers in order to support the dollar (by raising the demand for dollars by criminals) in order to balance or offset Washington’s foreign military outflows of dollars. If dollars flowed out of the US, but demand did not rise to absorb the larger supply of dollars, the dollar’s exchange rate would fall, thus threatenting the basis of US power. By providing offshore banks in which criminals could deposit illicit dollars, the US government supported the dollar’s exchange value.
Hudson discovered that the US balance of payments deficit, a source of pressure on the value of the US dollar, was entirely military in character. The US Treasury and State Department supported the Caribbean safe haven for illegal profits in order to offset the negative impact on the US balance of payments of US military operations abroad. In other words, if criminality can be used in support of the US dollar, the US government is all for criminality.
When it came to the economics of the situation, economic theory had not a clue. Neither trade flows nor direct investments were important in determining exchange rates. What was important was “errors and omissions,” which Hudson discovered was an euphemism for the hot, liquid money of drug dealers and government officials embezzling the export earnings of their countries.
The problem for Americans is that both political parties regard the needs of the American people as a liability and as an obstacle to the profits of the military/security complex, Wall Street and the mega-banks, and Washington’s world hegemony. The government in Washington represents powerful interest groups, not American citizens. This is why the 21st century consists of an attack on the constitutional protections of citizens so that citizens can be moved out of the way of the needs of the Empire and its beneficiaries.
Hudson learned that economic theory is really a device for ripping off the untermenschen. International trade theory concludes that countries can service huge debts simply by lowering domestic wages in order to pay creditors. This is the policy currently being applied to Greece today, and it has been the basis of the IMF’s structural adjustment or austerity programs imposed on debtor countries, essentially a form of looting that turns over national resources to foreign lenders.
Hudson learned that monetary theory concerns itself only with wages and consumer prices, not with the inflation of asset prices such as real estate and stocks. He saw that economic theory serves as a cover for the polarization of the world economy between rich and poor. The promises of globalism are a myth. Even left-wing and Marxist economists think of exploitation in terms of wages and are unaware that the main instrument of exploitation is the financial system’s extraction of value into interest payments.
Economic theory’s neglect of debt as an instrument of exploitation caused Hudson to look into the history of how earlier civilizations handled the build up of debt. His research was so ground-breaking that Harvard University appointed him Research Fellow in Babylonian economic history in the Peabody Museum.
Meanwhile he continued to be sought after by financial firms. He was hired to calculate the number of years that Argentina, Brazil, and Mexico would be able to pay the extremely high interest rates on their bonds. On the basis of Hudson’s work, the Scudder Fund achieved the second highest rate of return in the world in 1990.
Hudson’s investigations into the problems of our time took him through the history of economic thought. He discovered that 18th and 19th century economists understood the disabling power of debt far better than today’s neoliberal economists who essentially neglect it in order to better cater to the interest of the financial sector.
Hudson shows that Western economies have been financialized in a predatory way that sacrifices the public interest to the interests of the financial sector. That is why the economy no longer works for ordinary people. Finance is no longer productive. It has become a parasite on the economy. Hudson tells this story in his recent book, Killing the Host (2015).
Readers often ask me how they can learn economics. My answer is to spend many hours with Hudson’s book. First, read the book through once or twice in order to get an idea of what is covered. Then study it closely section by section. When you understand the book, you will understand economics better than any Nobel prize-winning economist.
Treat this column as an introduction to the book. I will be writing more about it as current events and time permit. As far as I am concerned, many current events cannot be understood independently of Hudson’s explanation of the financialized Western economy. Indeed, as most Russian and Chinese economists are themselves trained in neoliberal economics, these two countries might follow the same downward path as the West.
If you put Hudson’s analysis of financialization together with my analysis of the adverse impact of jobs offshoring, you will understand that the present economic path of the Western world is the road to destruction.
