The American Teleprompter Reader in Chief said Iran could get a nuclear bomb next year and we have to stop them. The Israelis and their American sock puppets have been saying that since at least 1983. Some time ago an Iranian general said America and Israel would have attacked Iran if they had the power to do it. This is all theater designed to make American and Israeli voters think that their nations are still world powers. Dr Michael Hudson wrote Super Imperialism in 1973 to explain how the US funded its wars by printing the international reserve currency and using these monetary profits to occupy the same nations we were exploiting. When a general realized what Hudson was saying at his Pentagon lecture, he said, “Wow. We’re ripping people off.”
Clearly, these wars have not been going well for America. I think we can safely conclude that the dollar and the Empire will collapse sooner rather than later.
So what is happening in the Real World? It is hard to see through the clouds of the fog of financial wars.
The Shadow Banking system (Money Market funds, Hedge funds and Structured Investment Vehicles and Sovereign Wealth funds) has at least 120 trillion dollars looking for a fast return but the entire world GDP is only half that. And lurking in the background is 700 trillion dollars in Credit Default Swaps. Corporations like Johnson and Johnson no longer primarily producing household products. Their focus now seems to be on currency speculation. They recently lost 100 million dollars when Venezuela devalued their currency. They are mere pikers when compared to General Electric and Apple have more than a hundred billion dollars parked offshore in tax havens. These are companies that produce products overseas and rely on labels to accumulate profits on which they pay no taxes while demanding higher taxes on those struggling to survive in the Real World.
Mervyn King the outgoing Governor of the Bank of England just recently said something as dumb as anything Bernanke or Geithner ever said. He has been devaluing the pound by printing money. This brought the pound down 10 cents vs the dollar from $1.61 to $1.51. King said he had brought the pound down far enough to solve the country’s economic woes. Equally stupid is David Cameron who brought in Mark Carney the former Goldman Sachs VP to print enough money to juice the economy so the Tories can win an election in 2015. These men are as insane as the American Senators and congressmen who are falling over themselves to rush to vote for a law that would give Netanyahu the right to declare war on behalf of the US. Last year a Senator seemed to object when Defense Secretary Leon Panetta said the Congress no longer had the right to declare war. But this far more serious. These criminals in Washington are selling the right to start world War III to a lunatic.
The question for financial and military experts is this: Which crashes first. the dollar or the American military. I think the dollar will go a few months before Wall Street and the City of London are no longer able to occupy half the world with American troops.
As I have said before, neither the US economy nor its military will survive an attack on Iran. People who think the US can win such a war are mentally deficient. The Iranians have mach 3 speed Russian missiles and 130 mile range rocket artillery. If America attacked Iran, the Iranians could easily sink the entire US Persian Gulf fleet and destroy all 35 nearby US military bases. Iran could also cut off the oil coming out of the Gulf which would send the the price of crude oil to $400 a barrel and drop the dollar down close to the level of the Mexican peso. On the Syrian front neither the US nor Israel dares to directly invade Syria. The Syrians, Hezbollah and Iran could fire 150,000 missiles at Israel. Hezbollah alone has the ability to turn Tel Aviv and Haifa into piles of rubble and take down the Israeli power grid for several months. They could also blow up that Israeli nuclear reactor at Dimona which would make for one gigantic dirty bomb.
That is why both the US and Israeli professional soldiers oppose war, And that is why there has been no war yet.
The dollar will collapse before the US suffers a military disaster. The US supposedly intends to spend 3.8 trillion dollars in 2013. They do not bother with budgets any more in Washington. They were incapable of cutting 85 billion dollars. I recently noted that the real deficit is not just a trillion plus dollars a year. I did say that the budget deficit will reach 2 trillion dollars this year because I expect everything to go under in the near future. I also said that 2,000 local cities, counties and school and utility districts will default on their bonds. American local governments owe more than 4 trillion dollars to bondholders and even more to their pensioners.
But the most shocking figure is that of the federal government was required to use Generally Accepted Accounting Procedures (GAAP) as do corporations, then we would gave a total of 222 trillion dollars in unfunded liabilities. We added 11 trillion dollars in unfunded liabilities last year. 11 trillion dollars in unfunded liabilities is more than 916 billion dollars a month.
The US federal government is accumulating almost 30 billion dollars a day in unfunded liabilities. America will soon run out of people willing to pay for Israel’s wars, the insanity of Washington politicians and the greed of Wall Street. China and Russia can join together and say No.
In 2013 China imported more gold than Japan has in its vaults. China mines more gold than South Africa. I estimate that China has between 4 and 5,000 metric tons of gold. Any day China could announce the formation gold backed currency that would trade at a fixed rate of exchange with a Russian backed currency. The Chinese are melting down all of their 100 and 400 ounce bars of gold into one kilogram bars which Westerners call jeweler’s bricks. This would double Chinese wages and cut American wages in half over night. But I do not think that will happen in less than a year unless China is provoked by American military adventurism.
I think America’s most immediate threat is its other deficit which is its crumbling infrastructure. I have written about collapsing bridges and levees threatening the lives and well being of millions of Americans. But the most critical issue is a 9 1/2 acre sinkhole in Assumption Parish (county) Louisiana. As I have said before, the sinkhole is located near a salt cavern used to store toxic radioactive waste. There are three adjacent salt caverns with a total of 18.8 million barrels of butane and propane stored there for the Department of Energy’s energy reserves. Seismographs have indicated that the cavern walls are crumbling. A natural gas field has been found on the other side of the sinkhole. Oil is seeping into the cavern and even rising to the top of the surface water. Butane had been flared off for awhile until hydrogen sulfide had been detected. The actual explosive impact of these caverns filled with oil, butane, propane and hydrogen sulfide blowing up could be in excess of 2 megatons. This will produce the equivalent shock of a 6.0 plus earthquake. This will not be a natural disaster. It is man made. It will only do serious harm to thousands of working people because Washington is too busy bailing out bankers and sending our money to Israel. This is in addition to the BP oil disaster of April 20, 2010. It was case of pathological indifference compounded by the use of the toxic chemical Corexit in the alleged clean up that will harm the health of 50 million Americans.
I feel compelled to go out on a limb and connect the five dots of the elite’s planned events to do us all in. The first was the BP Horizon oil spill of April 20, 2010. The second was the attack on Fukushima. The third will be the Louisiana sinkhole. The first two events made the Gulf of Mexico and the Pacific Ocean toxic. The fourth and events will be covered in two days on this blog. These involve the Pacific Ocean and the New Madrid fault.
The explosion at that sinkhole will so anger the people who can see the government stealing their paychecks and pensions while giving it to Wall Street and Israel.
The Game will soon be over. And so will the American occupation of half of the world. The life span of this government is measured in months not years.
Related Articles: I have been writing about the sinkhole since November.
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