We The Sheeplez- The Coming Economic Collapse.."A Nation Of Sheep Ruled By Wolves" Thomas Jefferson

Sunday, February 12, 2012

The Real Reason For War Drums? Iran Presses Ahead with Dollar Attack

Last week, the Tehran Times noted that the Iranian oil bourse will start trading oil in currencies other than the dollar from March 20. This long-planned move is part of President Mahmoud Ahmadinejad’s vision of economic war with the west.
by Garry White, Telegraph.co.uk:

“The dispute over Iran’s nuclear programme is nothing more than a convenient excuse for the US to use threats to protect the ‘reserve currency’ status of the dollar,” the newspaper, which calls itself the voice of the Islamic Revolution, said.
“Recall that Saddam [Hussein] announced Iraq would no longer accept dollars for oil purchases in November 2000 and the US-Anglo invasion occurred in March 2003,” the Times continued. “Similarly, Iran opened its oil bourse in 2008, so it is a credit to Iranian negotiating ability that the ‘crisis’ has not come to a head long before now.”
Iran has the third-largest oil reserves in the world and pricing oil in currencies other than dollars is a provocative move aimed at Washington. If Iran switches to the non-dollar terms for its oil payments, there could be a new oil price that would be denominated in euro, yen or even the yuan or rupee.
India is already in talks with Iran over how it can pay for its oil in rupees.
Read More @ Telegraph.co.uk

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The Terminal Beginning Of The Western Financial World

My Dear Extended Family,

The real terminal beginning of the Western Financial world was this week.
Kicking the can down the road is limited by the practical viability of the US dollar and US Treasury Securities market.
QE will go to infinity because there simply is no other tool that can create the amounts of liquidity required instantly by the destruction of the Western world financial system. This destruction was delivered to us via those that have securitized everything.
When you add to this that no default will be declared a default by the International Swaps and Derivative Association you have a guarantee that QE will go to infinity at the cost of the US currency market first and the US bond market second. I put this epic event in the year 2015. I give the US dollar no longer than June of 2012 before the cracks in its armor are visible to all.
The deal that set this in place happened in December when the Fed was confirmed as the lender of last resort to the entire Western financial world when it granted in excess of $500 billion in US dollar swaps to the European Central Bank. The ECB then in turn lent those funds to its member banks to buy European debt in order to paint the auctions of the European debt as viable.
Read More @ JSMineset.com

Charting The Federal Reserve's Assets - 1915-2012

Here we present a history of the Fed in charts. As you’ll surely glean from the below — the Fed has degenerated from a by and large passive institution (dealing only in high-quality self-liquidating commercial paper and gold) to an active pursuant of junk, an enabler of wars, a ‘benevolent’ combatant of the depressions of its own creation, a central planner of employment & prices and of course a forgiving friend to inconvenient market follies.

Why Ron Paul Is Right About Foreign Policy And Mitt Romney Is Wrong

by George Will, RonPaul2012.com
Few things so embitter a nation as squandered valor, hence Americans, with much valor spent there, want Iraq to master its fissures. But with America in the second decade of its longest war, the probable Republican nominee is promising to extend it indefinitely.
Mitt Romney opposes negotiations with the Taliban while they “are killing our soldiers.” Which means: No negotiations until the war ends, when there will be nothing about which to negotiate…
The U.S. defense budget is about 43% of the world’s total military spending — more than the combined defense spending of the next 17 nations, many of which are U.S. allies. Are Republicans really going to warn voters that America will be imperiled if the defense budget is cut 8% from projections over the next decade? In 2017, defense spending would still be more than that of the next 10 countries.
Do Republicans think it is premature to withdraw up to 7,000 troops from Europe two decades after the Soviet Union’s death? About 73,000 will remain, most of them in prosperous, pacific, largely unarmed and utterly unthreatened Germany. Why do so many remain?
Read More @ RonPaul2012.com

RED ALERT: FRAUD in Maine – GOP Cuacus 2012

from PSNy2kUK :
Maine caucuses results: Romney 39%, Paul 36%, Santorum 18%, Gingrich 6% – NBC News

TWO THINGS:

1) RON PAUL IS LOSING BY ONLY 200 VOTES. GOT IT? 200 VOTES. 87% of vote is in.

2) Maine GOP just announced anything after today is invalid. So all the counties that would be voting after Saturday won’t be counted (another coup against Ron Paul). The Maine caucus is like a month-long ordeal and they’ve just cinched it so Mitt can win.
It is staged and rigged.
“First, Washington county is identified as a stronghold for Ron Paul. Then team Romney steps in and somehow convinces them to postpone the caucus because of a bogus snow storm, and now the Maine GOP chair rules that the voting will be over today, anyone voting after today is not counted.
If this is not fraud, I don’t know what is…”
Maine Party Chair Webster: “Votes after Saturday won’t be counted”
Webster said any caucus results that come in after Saturday wouldn’t be counted no matter how close the vote turned out to be.
“Some caucuses decided not to participate in this poll and will caucus after this announcement,” Webster said. “Their results will not be factored in. The absent votes will not be factored into this announcement after the fact.”

So What Do You Get With IMF-Style Austerity? Athens on Fire as Mass Protest Turns Violent

At least ten buildings went up in flames as the riots engulfed the center of the Greek capital. Citing the fire department, Associated Press reports a three-story corner building believed to be a home appliances store was severely damaged by fire. Among other buildings damaged were a cinema, a bank, a mobile phone dealership, a glassware shop and a coffee shop.