Roberto Abraham Scaruffi: [Monetary] Sovereignists [cheaters at predatory powers payroll!] claim that banks create money from nothing so getting enormous profits...

Saturday 29 August 2015

[Monetary] Sovereignists [cheaters at predatory powers payroll!] claim that banks create money from nothing so getting enormous profits...

The European Union Times

Posted: 28 Aug 2015 09:04 AM PDT

The Ministry of Finance (MoF) is reporting today that British banking giant HSBC is nearing a total collapse after its having lost a staggering nearly $1 trillion due to the ongoing Great 2015 Global Market Crash and earlier today it completely ran out of cash to pay its obligations and depositors.
According to this report, HSBC is a multinational banking and financial services company headquartered in London, United Kingdom and is the world’s fourth largest bank by total assets worth $2.67 trillion.
Not known to many Westerners, this report continues, HSBC was established in its present form in London in 1991 by the Hong Kong and Shanghai Banking Corporation Limited to act as a new group holding company and the origins of this banking giant mainly lies in Hong Kong, and also to a lesser extent Shanghai, where branches were first opened in 1865.
Due to the staggering crash of the Shanghai Composite index that has shed 38% of its value since 12 June, this report explains, HSBC lost nearly $700 billion of its value in China while a further estimated $300 billion has been lost due to the Dow’s collapse of over 1,800 points since its high for the year was reached on 27 May.
To the consequences of this massive $1 trillion HSBC loss, this report says, began hours ago when reports began to surface in the UK that hundreds-of-thousands of people were not being paid their salaries, which this British banking giant first tried to deny, but a few hours later blamed their failure to pay on a “computer glitch”.
MoF experts in this report dismiss HSBC’s explanation of a “computer glitch” noting that this phrase is commonly used by Western banking and financial institutions as a “cover story” to mask their inability to access cash…and is likewise being used to explain what is preventing hundreds of American mutual and exchange-traded funds from providing their investors with the values of their holdings, and why one of the world’s largest brokerages, Charles Schwab, shut down earlier today too.
As HSBC is Britain’s largest bank, this report notes, it has appealed for an emergency loan from the Bank of England (BoE), with the BoE then appealing to the European Central Bank (ECB), and the ECB then appealing to the US Federal Reserve System (FRS).

With the US Congress having verified that over $16 trillion of the American peoples money was given by the US Federal Reserve to European corporations and banks, purportedly for “financial assistance” during and after the 2008 fiscal crisis, this report says, it remains “highly probable” they will do so again before HSBC totally collapses.
And with China continuing to dump hundreds-of-billions of its US held debt to stabilize its own markets and economies, this report concludes, the near collapse of HSBC today is but a prelude to the coming greater global financial collapse some experts have warned will “change the landscape of the entire world”.
Though not mentioned in this report, it is interesting to note that at least the American people are seeing the truth and, according to one news source, are “yanking their money from almost everything”…which in turn has led one of the elites major mouthpieces, the Financial Times, to publish an anonymous article calling for the outright abolition of cash in order to give central banks and governments more power.
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Posted: 28 Aug 2015 05:14 AM PDT

Russia’s first 5G fighter has showed off in full its ultra-maneuverability at an international air show near Moscow. In 2016 the Russian Air Force will get ready to put the first production models of the stealth fighter jet into service.
The jet performed such aerobatic stunts as Pougachev’s cobra, Frolov’s chakra, the dead leaf and tail-dive.
With a month left before the multirole PAK-FA (T-50) fighter is set to be added to the inventory of the Russian Air Force (series delivery slated for 2017), the 5G aircraft’s designers have spilt the beans about the PAK-FA’s operational capability.
The current 5G jet engines, which are used in the 4++ Su-35S fighter jet, will be replaced with brand new ones designed specifically for the PAK-FA. Even the current engines have supercruise capability and full authority digital engine control.
The upcoming power unit in 2017 will be more powerful and fuel-efficient, more reliable and will cost less. There is every possibility that new engine would enable PAK-FA to perform stunts previously impossible on any known fighter jet.
In order to fulfill flying tests within the nearest time, three more PAK-FAs will join testing by the end of 2015. So far the fighter jet has delivered on all of the expected technical characteristics.
The weapons declared for the 5G fighter make the aircraft multi-task, enabling it to engage targets virtually anywhere: in the air, on the ground, on the water and even underwater. The tests are now underway.
All weapons and technical innovation in design for the PAK-FA are promised to be ready by 2020, which, among others, will include 12 types of missiles alone, six of which are to be ready by 2017. Some of the PAK-FA missiles will be hypersonic, with most designed specially to fit into fighter’s inner bays so as not to interfere with its stealth characteristics.
Some of the PAK-FA missiles are already being tested with “excellent results,” Air Force Commander-in-Chief Viktor Bondarev told journalists. Apart from a set of short-, medium-, long- and ultra-long range air-to-air missiles, PAK-FA’s weapons list include at least two anti-ship missiles with range from 160 to 260km.
With a 10-ton overall payload, PAK-FA is also armed with a variety of high-precision GLONASS-guided bombs that could weight up to 1.5 tons and be delivered at speeds of up to 1,100kph. The PAK-FA’s weaponry even includes an anti-submarine bomb that can target any submersibles to a depth of up to 600 meters.
Unlike the American F-22, so far there have been no reports that PAK-FA will carry missiles with nuclear warheads.
The PAK-FA will have a fully digital weapons direction system developed by Radio-Electronic Technologies Concern (RETC). The aircraft is detecting, classifying, tracking targets and performs target assignment in fully automatic mode, so the pilot only needs to make a decision to attack and choose a weapon. Most of the fighter’s weapons are fire-and-forget munitions.
For short-range dogfight and elimination of lightly armored ground targets PAK-FA is armed with the world’s lightest 30mm air cannon 9A1-4071K, weighing a mere 50kg, and with an effective range of up to 1,800 meters.
The PAK-FA’s hull and wings are stuffed with multiple sensors and detectors, which form the so-called ‘smart skin’, giving the pilot full information about what’s going on for all 360 degrees.
The fighter’s radar is fully integrated with active electronic defense station ‘Himalaya’, enabling the aircraft to do electromagnetic warfare as addition to its weaponry, jamming enemy aircrafts and missiles within the station’s reach.
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Posted: 28 Aug 2015 04:50 AM PDT

Muslims are exponentially buying up Christian churches and converting them into mosques, which indicates Islam could be a dominant U.S. religion by the 22nd century.
The former Catholic Church of St. John in St. Paul, Minn., which operated from 1886 to 2013, is now known as the Darul-Uloom Islamic Center and experiences heavy attendance every week.
Similarly, the former Holy Trinity Catholic Church in Syracuse, N.Y., has been transformed into Masjid Isa Ibn Maryam.
“Even as the crosses were cut from the church spires on the outside, and 10,000 crosses were painted over on the inside, the new owners of 501 Park St. tried to leave what they could, and reuse what they couldn’t,” Marnie Elsenstadt with Syracuse.com reported. “The wood from the pews has been repurposed to fix the floor, which is where Muslims sit to pray.”
“Painters worked to make the minbar, the pulpit where the imam stands, blend in with the stonework.”
And two Baptist churches in Louisville, Ky., have been turned into mosques.
The demand for mosques is being driven primarily by refugees from Syria, Somalia and other countries where Islam is a dominant religion.
And it’s not just the demand driving this religious transformation; Christian churches are going bankrupt as Americans become increasingly secular, meaning it’s a buyer’s market for newly-arrived Muslims looking for church property to call home.
“We are on the brink of a massive transfer of kingdom assets,” Pastor Todd Robertson of the Antioch Baptist Church said. “I’m talking about property — buildings and things like that — of churches that, in their heyday of the ’50s and ’60s, were exploding with growth.”
Attendance at the aforementioned Church of St. John, for example, declined from 1,400 to only 400 over the past several years.
Overall, Americans who identified themselves as Christians dropped eight percent since 2007, according to the Pew Research Center.
And, interestingly, President Obama signed an executive order on Nov. 21, 2014, directing all federal agencies to create “Welcoming Communities and Fully Integrated Immigrants and Refugees.”
This executive order coincided with a list of 190 U.S. “host cities” containing federal “refugee processing centers,” including Amarillo, Texas, Casper, Wyo. and Mobile, Ala.
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Posted: 28 Aug 2015 04:40 AM PDT

China sells the US Treasuries to smooth the consequences of the devaluation shock of August 11.
The treasury of the country adopted selling the US Treasuries securities directly, as well as through agents in Belgium and Switzerland.
The Chinese government also decided to reduce investments into the US Treasuries.
The US Secretary of the Treasury Jacob Lew has previously talked with the Vice Premier of China Wang Yang and claimed that the White House would follow the Chinese exchange rate moves.
Pravda.Ru reported, that Xi Jinping, the head of China will visit the US in September. Experts believe that the meeting will not be held in a positive way, as “the US and Chinese relations are not well-founded now”.
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Posted: 28 Aug 2015 04:31 AM PDT
Tropical storm, Erika, lashing the shores of the Caribbean island nation of Dominica on August 27, 2015.
Tropical storm Erika has hit the eastern Caribbean island of Dominica, killing at least four people and unleashing landslides there.
The storm caused power outages, knocked out water supplies and dumped 38 centimeters of rain on the small island, authorities said on Thursday.
Several people have been also reported missing across the island.
Police Superintendent Daniel Carbon said that people have been advised to stay put, adding that he received reports of several injuries.
Ian Pinard, Dominica’s communications minister, described the situation as “grim” and “dangerous”.
The main airport was closed due to flooding, with water rushing over cars, and at least one small plane and the scaffolding of some buildings collapsed.
The storm was packing winds of 75 kilometers (46 miles) per hour, according to the US National Hurricane Center in the southern city of Miami, Florida.
The storm could reach the state of Florida as a hurricane on Monday, one level up from its current tropical storm status.
Erika was expected to move near and possibly make landfall in Puerto Rico and the Virgin Islands later on Thursday.
Puerto Rico seemed excited that the storm was coming its way, with Governor Alejandro Garcia Padilla saying that the storm could bring badly needed rains to the parched US territory.
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Posted: 28 Aug 2015 04:11 AM PDT

Redacted documents detailing covert meetings between the European Commission (EC) and powerful tobacco lobbyists have compounded fears a secretive EU-US trade deal would allow tobacco giants to sue governments that attempt to legislate in the public interest.
The documents, which confirmed the EC had met with lobbyists paid to peddle the interests of Big Tobacco, were published earlier this week.
The Commission took the decision to release the files after pro-transparency think tank Corporate Europe Observatory filed a Freedom of Information (FoI) request demanding details of the clandestine meetings be made public.
The documents focus on ongoing talks between the United States and European Union (EU) over the proposed Transatlantic Trade and Investment Partnership (TTIP) treaty.
The negotiations, which focus on removing regulatory barriers to EU-US trade, have long been the subject of criticism on both sides of the Atlantic.
Each of the four documents released by the Commission detailed minutes of its meetings with British American Tobacco (BAT) and US tobacco giant Philip Morris. However, the lobbyists involved in the discussions, the issues broached, and even the dates of certain meetings were redacted.
This glaring lack of transparency has sparked widespread fear among TTIP’s critics that the trade deal would empower tobacco giants to sue governments that seek to regulate the tobacco industry more stringently.
Powerful tobacco firms have previously used comparable trade deals to sue the governments of other states who sought to crack down on tobacco advertising in the public interest.
Phillip Morris took legal action against the Australian government after it introduced mandatory plain cigarette packaging and is also currently embroiled in a $25 million lawsuit against Uruguay’s government in a bid to stop it from enlarging health warnings on cigarette packaging.
‘Chilling insight’
Global Justice Now said the EC’s heavily redacted documents offer “a chilling insight” into the “secretive nature of TTIP” and the sort of firms that will benefit hugely from the deal.
“The letter appears to show that the tobacco industry has far more knowledge about the TTIP talks than the rest of society,” a spokesman for the group told RT.
“This is a deal that is being made behind closed doors with the input of corporate interests, while the concerns of civil society have been consistently ignored or marginalized by the European commission.
“It’s not just about the fact that governments could lose billions – the mere possibility of these court cases could inhibit governments in the way they legislate,” the spokesman said.
“Every time policy makers were considering passing laws that may benefit labor standards, the environment or consumer protection, they would have to be thinking ‘Is this something that could result in a multi-billion lawsuit and therefore maybe we don’t want to go there?’”
The Commission’s heavily-redacted documents, which were released by Secretary-General of the EC Catherine Day, include a letter from British American Tobacco dated May 15. The 14-page letter was sent from the firm’s London office.
While one page highlights “serious concern with the consistency of [redacted],” the remaining 13 are completely blacked-out except for a string of closing remarks.
A previous letter from the commission to the tobacco giant is also extensively redacted, excluding a reference to “allegations” made by British American Tobacco. Observers suggest these allegations most likely relate to TTIP’s implications for Big Tobacco.
In a third document, which summarizes a meeting between the commission and Phillip Morris, the date of the meeting has been completely blacked-out.
Veil of secrecy
The CEO’s request for full disclosure of the documents made reference to the EU’s Freedom of Information (FoI) legislation and World Health Organization’s (WHO) Framework Convention on Tobacco Control.
However, Catherine Day flatly refused this request and instead offered limited access to the documents. In a bid to justify her decision, Day argued the documents contained information that relates to the EC’s negotiation stance on tobacco with respect to separate trade negotiations involving America and Japan.
She added full disclosure of the EC’s meeting with BAT would weaken the EU’s negotiation position in ongoing trade talks by revealing the Commission’s tactical strategy.
The controversial clause embedded in TTIP, which would allow corporate giants to wage lawsuits against governments that legislate against their interests, is known as the Investor State Dispute Settlement (ISDS). It is a tool of public international law that gives investors the right to sue foreign governments.
It has been a deeply controversial subject throughout the TTIP talks and has sparked fierce opposition from MEPs, civil society and national governments.
Linda Kaucher of StopTTIP UK said the Secretary General of the EC’s claim that the redaction of the EC’s documents is in the public interest is “a disgrace.”
“The mass health implications of this involvement of Big Tobacco cross referenced with the ISDS element – which is already allowing tobacco companies to sue governments that bring in any regulations that are restrictive on the tobacco industry – show how unacceptable this is,” she added.
‘EC’s transaprency agenda is spin’
Global Justice Now said opposition to the ISDS is rife across the EU.
“The commission’s own public consultation on ISDS showed that a massive 97 percent of respondents didn’t agree with allowing corporations to sue governments through free trade deals like this,” a spokesman for the group said.
“These redacted documents show that we already have a huge problem in Brussels (like in the UK) with the enormous influence that the corporate sector has over political process.”
“The UK government has expressed numerous concerns about ceding sovereign power to Brussels, but at the same time is enthusiastically promoting a trade deal that would involve sacrificing a huge amount of our national democracy to the corporate sector.”
War on Want trade campaigner Mark Dearn said TTIP is “a secret deal by and for big business from which MPs and the public are excluded.”
“This is just the latest in a series of revelations over recent weeks which have shown that the EC’s supposed ‘transparency’ agenda is nothing more than spin,” he said.
Dearn warned Big Tobacco’s impact on global public health policy is already apparent.
“Big Tobacco is using the ISDS ‘corporate court’ mechanism to oppose public health policies around the world,” he said.
“We know that big tobacco has filed challenges against the British government over similar plans, highlighting that they believe their intellectual property to be worth £10 billion.”
The World Health Organization’s (WHO) Framework Convention on Tobacco Control is a legally-binding treaty, which came into force in 2005 and has been signed by 168 countries worldwide. It obliges governments to limit their interaction with tobacco industry officials, and offer full transparency of any liaisons that occur.
Despite this fact, the EC remains unwilling to reveal any further details of its meetings with BAT and Phillip Morris.
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Posted: 27 Aug 2015 03:40 PM PDT
Mortality statistics for people on out-of-work benefits released by DWP.
A new data from the UK’s Department for Work and Pensions reveals the death of more than 2,000 benefit claimants between 2011 and 2014.
The DWP figures disclosed that most of the claimants were reported dead within weeks of being declared “fit for work” and taken off sickness benefits.
The data has been compiled in response to freedom of information requests. It shows that out of 50,580 deaths of recipients of employment and support allowance (ESA) benefit between December 2011 and February 2014, 2,380 were those who were found fit for work, meaning that they were at risk of losing their ESA benefit.
The cause of death has not been recorded making it impossible to ascertain whether those were linked to an incorrect assessment. The DWP, in the report, has also insisted that no causal link could be drawn between benefits status and the likelihood of dying. The department, however, defended the accuracy of the work capability assessment conducted between 2011 and 2014.
“Statistics only tell us the number of people who have died while on employment and support allowance, not the circumstances or details of these deaths”, Tom Pollard, policy and campaigns manager at mental health charity Mind said.
Reports say there have been hundreds of thousands of appeals of fit-for-work decisions over the last few years.
The revelation has prompted campaign groups to call for an urgent official inquiry as well as an overhaul in the government’s controversial welfare regime. Campaigners have long criticized the DWP as crude and inaccurate.
“We do have serious concerns about the benefit system, particularly for those with mental health problems currently being supported by ESA”, Pollard said.
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Posted: 27 Aug 2015 03:14 PM PDT


Unlike the Confederate flag, leftists aren’t calling for a ban of the gay flag linked to WDBJ shooter Vester Lee Flanagan.
Police reportedly confiscated a gay pride flag from Flanagan’s apartment on Wednesday, but in an example of hypocrisy, this hasn’t sparked outrage from liberals who wanted to ban the Confederate flag due to its association with Charleston, S.C. church shooter Dylann Roof.
“Libs got the Confederate flag taken down in South Carolina,” blogger Dave Blount pointed out. “They have imposed a de facto ban throughout the country through their control of major retailers like Walmart, Amazon, eBay, Sears, etc.”
“The show The Dukes of Hazard has been taken off the air because it features the flag on the roof of a car.”
The fact that this hasn’t happened to the rainbow flag, even though Flanagan also wanted a “race war” just like Roof, reveals that the Confederate flag wasn’t banned because it’s “racist” but because there’s an agenda to purge anything that’s not “politically correct.”
But more importantly, the Confederate flag doesn’t fit into what the establishment is pushing, such as cultural marxism and the destruction of the nuclear-family model to encourage individuals to be more supportive – and dependent – on the government.
And the political elite also hate the flag for what it stands for: resistance to central authority.
“He who becomes master of a city accustomed to freedom and does not destroy it, may expect to be destroyed by it, for in rebellion it has always the watch-word of liberty and its ancient privileges as a rallying point, which neither time nor benefits will ever cause it to forget,” noted 16th-century historian Niccolò Machiavelli wrote as a warning to the elite.
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Posted: 27 Aug 2015 02:41 PM PDT

The US presidential elections are funded by a small group of people. They are an invisible force, which controls not only the American, but also global policy. These people make up two clans, that have their proteges both among the Republicans and among the Democrats. That is why Hillary Clinton does not like Obama, and Trump hates everyone.
In 2012 a group of billionaires spent about 6 billion dollars for the election campaign, Larry Lessig, Juris Doctor in law at Harvard University says. The expert predicts that the next elections will draw about 10 billion dollars. As New York Times reported, about 400 of the richest US families have gathered so far more than a half funds for the presidential candidates. Hillary Clinton, for example, has about 2,5 billion dollars.
However, the Republican Donald Trump shocks the society confessing that he “bought” the Hillary presence at his wedding and funded his party proteges.
And Hillary Clinton, as it turned out, was spied by the NSA with all possible electronic means. And that is under the democrat President! It also comes out that the Clinton family does not like Barack Obama at all, because he allegedly lowered the boom on her at the previous elections.
It has been recently reported in the media, that Obama ordered to arrest Hillary Clinton, in case Trump is killed. Why not consider such a possibility? There though have been registered more than 90 suspicious deaths in the US for the last 30 years. Let us take the Kennedy clan faith, for example. According to one of the versions, John Kennedy was killed, because he wanted to deprive the Federal Reserve System of dollar control.
But here’s the real issue. Isn’t anyone surprised with such political scuffle among the candidates of one party? If you attentively read the American sources, it becomes clear that the battle between the Republicans and the Democrats is a mask to make a foul of “a regular American guy”. There is no democratic rotation of power, the elections are actually a fight between two powerful clans.
On one side, that is a clan of the Bush (Republicans), the Clintons (Democrats), the Rockefellers – so to say, a group of “new world order”. On the other side, a clan of Obama-Rothschild, a so-called “Windsor group”, which wishes to limit the US power on behalf of the British Queen.
After all, Great Britain still considers the Americans to be arrogant upstarts, who deprived it of world hegemony after WWII. Even if you look at the Barack Obama’s policy, everyone is astonished at the inconsistency of his actions, that lead to the US discredit both in the country itself and abroad.
The presidential elections 2016 will become a theater of war between two clans. What about the Rockefellers’ clan candidate, it is clear that it will be Hillary Clinton. But they also push forward Jeb Bush from the Republicans.
A candidate from the Rothschilds is still not defined. Bernie Sanders may be from the Democrats, and the Republicans may have a representative of the billionaires Charles and David Koch, who are the “talking heads” of this clan. Being 79 and 75 years old respectively, they own the Koch Industries, second biggest private business in the US with allegedly 135 billion dollars capital and 100 billion dollars profit. They ranked sixth in the recent Forbes list of the richest people in the world.
The brothers are reported to be ready to donate 1,2 billion dollars for their protege. But that is neither Trump, nor Bush.
If their candidate wins, there will be evident intensification of the patriotic rhetoric and actions directed at the support of the US hegemony in the world. This clan is pragmatic, the motto “It’s not personal, it’s just business” helps to establish relations even with the opponents.
From this point of view, Donald Trump is doomed to defeat. Neither Rothschilds, nor Rockefellers seem to put a stake on him.
In the US there often occurs a discussion before the elections on the alteration of the election system, which is corrupted with the money of influential clans. The Democratic Party candidate Larry Lessig, for example, insists on the universal suffrage and alteration of the funding system. He offers to hand out vouchers of 100 dollars for example to all voters, so that every one decides which candidate he wants to fund.
Thus, every candidate could assemble up to 2 billion dollars. That is two times more, than there was spent on Barack Obama and Mitt Romney in 2012.
However, it is evident that this plan won’t be realized. 96 % of the Americans believe that influence of money should be reduced in politics, according to a survey conducted in 2013. 91 % does not think it is possible though.
“They will never vote for alteration of the electoral system via Congress, or to reform funding via Wall Street. There are a lot of key issues, which can’t be solved, unless we deal with this key problem of inequality,” Lessig told El Pais in an interview.
So, let us share this pessimism regarding the most undemocratic country in the world, which though loves to lecture other democracies.
Regardless who wins, the privileges will be gained by influential corporations, which due to adopted by them laws and carried out policy, will make themselves even more rich.
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Posted: 27 Aug 2015 02:09 PM PDT

Saudi Arabia’s ground troops have entered Yemen’s northern territories to counter growing retaliatory attacks by Yemeni forces on Saudi soil, a military official says.
Brigadier General Ahmed Assiri, a Saudi military spokesperson, said on Wednesday that the Saudi troops have pushed their way into the northern Yemeni regions which overlook the southwestern Saudi province of Jizan.
Assiri further noted that the Saudi soldiers have taken some areas under their control in the invasion.
Expounding on the reason for the Saudi invasion, the spokesman added that Yemen’s Ansarullah fighters and their allied army forces have launched many attacks on Saudi Arabia recently, and that some of the fighters have tried to enter the country.
Yemeni forces have been pounding the Saudi province with artillery and missile attacks in retaliation for Riyadh’s deadly aggression against the impoverished Arab country.
Assiri described the invasion as a temporary military strategy that does not aim to take Yemeni territory.
On Wednesday, Yemen’s Ansarullah fighters and their allied army units launched a Scud missile at the Hamiyeh power plant in Jizan, killing the soldiers guarding the facility.
The Yemeni army, backed by Popular Committees, also launched 40 rockets across the border into southern Saudi Arabia, hitting an army depot in the Beryanin base in the province of Najran.
Riyadh’s latest airstrikes hit the Yemeni provinces of Jawf, Hajjah, Sana’a, Sa’ada and Ma’rib on Wednesday, killing at least 9 people, including one child. At least ten people were also injured.
Saudi Arabia began its military aggression against Yemen on March 26 – without a UN mandate – in a bid to restore power to the former fugitive president, Abd Rabbuh Mansur Hadi, a staunch ally of Riyadh, and to weaken the Houthi Ansarullah movement.
Over 4,300 people have been killed in the Saudi aggression, the World Health Organization said on August 11. Local Yemeni sources, however, say the fatality figure is much higher.
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Posted by Roberto Abraham Scaruffi at 08:47