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Don’t Get Caught Holding Dollars When The U.S. Default Arrives
Key Excerpts from Article on Website of Forbes.com blog


Don’t Get Caught Holding Dollars When The U.S. Default Arrives
Forbes.com blog, July 23, 2011
Posted: 2011-08-02 16:16:52
http://blogs.forbes.com/greatspeculations/2011/07/23/dont-get-caught-holding-...

By some measures, the United States is even more deeply in hock than Greece. Greece’s debt-to-GDP ratio is 143%. America’s is officially 97%. But the $14.3 trillion national debt, stacked up against a $14.7 trillion economy, doesn’t tell the whole story. [It] doesn’t count the black box of bailouts. We know how much the Federal Reserve doled out in emergency loans: $16.1 trillion between Dec. 1, 2007, and July 21, 2010. We know that because yesterday the Government Accountability Office completed its first-ever audit of the Fed, made possible largely through the persistence of Rep. Ron Paul (R.-Tex.) making that audit, however incomplete, the law. What we don’t know is how much of that has been paid back. “We have literally injected about $5.3 trillion,” said Dr. Paul earlier this month during his questioning of Fed chief Ben Bernanke, “and I don’t think we got very much for it. The national debt went up $5.1 trillion.” Bernanke did not challenge those figures. Even now, Americans are turning to their credit cards to pay for groceries and gas. According to First Data Corp., the volume of gasoline purchases put on credit cards jumped 39% over the last 12 months. You don’t want to be the average American in a default scenario, whenever it arrives. Ray Dalio, the head of Bridgewater Associates, the world’s biggest hedge fund, puts that day in “late 2012 or early 2013.”

Note: A careful Internet search reveals that no one in the major media except this Forbes blog even mentioned the astonishing results of the first ever audit of the Federal reserve - $16 trillion in secret loans. To understand how the media is controlled from reporting vitally important information like this, click here. For another revealing article showing what is happening from a historical perspective and its relationship to gold prices, click here. For an article detailing who received these trillions and links to the official GAO report, click here. For critical information on the financial system kept hidden from the public, click here.


Explore our index to revealing excerpts of key news articles on several dozen topics.

Don't miss amazing excerpts from the 20 most revealing news articles ever published.

Below is a sample of just three of those 20 articles.


U.S. Military Wanted to Provoke War With Cuba
2001-05-01, ABC News
http://abcnews.go.com/US/story?id=92662

In the early 1960s, America's top military leaders reportedly drafted plans to kill innocent people and commit acts of terrorism in U.S. cities to create public support for a war against Cuba. Code named Operation Northwoods, the plans reportedly included the possible assassination of Cuban émigrés, sinking boats of Cuban refugees on the high seas, hijacking planes, blowing up a U.S. ship, and even orchestrating violent terrorism in U.S. cities. The plans were developed as ways to trick the American public and the international community into supporting a war to oust Cuba's ... Fidel Castro. America's top military brass even contemplated causing U.S. military casualties, writing: "We could blow up a U.S. ship in Guantanamo Bay and blame Cuba," and, "casualty lists in U.S. newspapers would cause a helpful wave of national indignation." The plans had the written approval of all of the Joint Chiefs of Staff and were presented to President Kennedy's defense secretary, Robert McNamara, in March 1962. But they apparently were rejected by the civilian leadership and have gone undisclosed for nearly 40 years. The Joint Chiefs even proposed using the potential death of astronaut John Glenn during the first attempt to put an American into orbit as a false pretext for war with Cuba. Should the rocket explode and kill Glenn, they wrote, "the objective is to provide irrevocable proof … that the fault lies with the Communists." The scary thing is none of this stuff comes out until 40 years after.

Note: Why was ABC the only major news source to report on this highly revealing story? Read the shocking declassified documents on Operation Northwoods. Many military and political leaders look at the world as a grand chessboard. Sacrificing pawns (innocent civilians) is sometimes necessary to capture the queen. Explore revealing news articles on military corruption. Then check out eye-opening 9/11 news articles.


Former U.S. Air Force Officers Recount Experiences With UFOs at Nuclear Missile Bases
2010-10-27, ABC News
http://abcnews.go.com/Technology/airmen-govt-clean-ufos/story?id=11738715

The U.S. government's official line may be that unidentified flying objects (UFOs) don't pose a national security threat, but a group of former Air Force officers gathered Monday in the nation's capital to tell a different story. During a press conference at the National Press Club in Washington, D.C., seven former Air Force officers once stationed at nuclear bases around the country said that not only have UFOs visited Air Force bases, some have succeeded in disabling nuclear missiles stationed there. "I want the government to acknowledge that this phenomenon exists," said Robert Salas, a former U.S. Air Force Nuclear Launch Officer. Salas said he doesn't think the UFOs he claims to have encountered had any offensive intent, but he believes they wanted to leave an impression. "They wanted to shine a light on our nuclear weapons and just send us a message," he said. "My interpretation is the message is get rid of them because it's going to mean our destruction." Other former officers recounted similar stories of unexplained moving lights and odd-shaped flying objects during their time in the service. Leslie Kean, an investigative journalist and author of the new book "UFOs: Generals, Pilots, and Government Officials Go on the Record," said thousands of pages of documentation support the officers' accounts. She spent the last 10 years researching UFOs and combing through thousands of pages of declassified government material. Kean said that one declassified document that she researched for her book, relating to the Salas incident, said, "the fact that no apparent reason for the loss of the 10 missiles can easily be identified is a cause for grave concern to this headquarters."

Note: Watch CNN coverage of this most fascinating testimony. This is not the first time government and military witnesses have testified at the National Press Club about a major cover-up of UFOs. Watch 22 witnesses testifying to remarkable personal stories in May 2001. A two-page written summary presents amazing UFO testimony from top officials. And don't miss these fascinating news articles on UFOs. What may be the best UFO documentary ever made, Out of the Blue, is also available for free viewing.


Inside the secretive Bilderberg Group
2005-09-29, BBC News
http://news.bbc.co.uk/1/hi/world/americas/4290944.stm

How much influence do private networks of the rich and powerful have on government policies and international relations? One group, the Bilderberg, has often attracted speculation that it forms a shadowy global government. Every year since 1954 [they have brought] together about 120 leading business people and politicians. At this year's meeting in Germany, the audience included the heads of the World Bank and European Central Bank, Chairmen or Chief Executives from Nokia, BP, Unilever, DaimlerChrysler and Pepsi ... editors from five major newspapers, members of parliament, ministers, European commissioners ... and the queen of the Netherlands. The chairman ... is 73-year-old Viscount Etienne Davignon. In an extremely rare interview, he played down the importance of Bilderberg. "I don't think (we are) a global ruling class because I don't think a global ruling class exists." Will Hutton ... who attended a Bilderberg meeting in 1997, says people take part in these networks in order to influence the way the world works, to create what he calls "the international common sense". And that "common sense" is one which supports the interests of Bilderberg's main participants. For Bilderberg's critics the fact that there is almost no publicity about the annual meetings is proof that they are up to no good. Bilderberg meetings often feature future political leaders shortly before they become household names. Bill Clinton went in 1991 while still governor of Arkansas, Tony Blair was there two years later while still an opposition MP. All the recent presidents of the European Commission attended Bilderberg meetings before they were appointed. Informal and private networks like Bilderberg have helped to oil the wheels of global politics and globalisation for the past half a century.

Note: Why is this meeting of top world leaders kept so secret? Why, until a few years ago, was there virtually no reporting on this influential group in the major media? Thankfully, the alternative media has had some good articles. And a Google search can be highly informative. Explore many other revealing major media news articles on powerful secret societies. And for those interested, check out reliable, eye-opening information covering the big picture of how and why these secret societies are using government-sponsored mind control programs to achieve their agenda.


The above three are excerpts from the 20 most revealing news articles ever published.

Below is a sample of the three articles most recently posted to this website.


How the DEA took a young man’s life savings without ever charging him with a crime
2015-05-11, Washington Post
http://www.washingtonpost.com/blogs/wonkblog/wp/2015/05/11/how-the-dea-took-a...

Joseph Rivers ... pulled together $16,000 in seed money to fulfill a lifetime dream of starting a music video company. Last month, Rivers took the first step in that voyage [by] boarding an Amtrak train headed for Los Angeles. He never made it. A DEA agent boarded the train at the Albuquerque Amtrak station and began asking various passengers, including Rivers, where they were going and why. When Rivers replied that he was headed to LA to make a music video, the agent asked to search his bags. Rivers complied. The agent found Rivers's cash, still in a bank envelope. He explained why he had it. The agents didn't believe him. Rivers let them call his mother back home to corroborate the story. They didn't believe her, either. The agents found nothing in Rivers's belongings that indicated that he was involved with the drug trade. They didn't arrest him or charge him with a crime. But they took his cash anyway, every last cent, under the authority of the Justice Department's civil asset forfeiture program. Rivers says he suspects he may have been singled out for a search because he was the only black person on that part of the train. According to a Washington Post investigation last year ... asset forfeiture is lucrative. In fiscal year 2014 Justice Department agencies made a total of $3.9 billion in civil asset seizures, versus only $679 million in criminal asset seizures. Asset forfeitures have more than doubled during President Obama's tenure.

Note: Read a New York Times article on this program which allows law enforcement agencies to seize money with impunity. For more along these lines, see concise summaries of deeply revealing news articles about government corruption and the erosion of civil liberties from reliable major media sources.


Why NSA surveillance is worse than you’ve ever imagined
2015-05-11, Reuters
http://blogs.reuters.com/great-debate/2015/05/11/if-youre-not-outraged-about-...

Last summer ... I spent three days in Moscow hanging out with Edward Snowden for a Wired cover story. He told me that what finally drove him to leave his country and become a whistleblower was his conviction that the National Security Agency was conducting illegal surveillance on every American. Thursday, the Second Circuit Court of Appeals in New York ... ruled that the NSA program that secretly intercepts the telephone metadata of every American — who calls whom and when — was illegal. It’s now up to Congress to vote on whether or not to modify the law ... by June 1, when they need to reauthorize the Patriot Act. A PEW survey in March revealed that 52 percent of the public is now concerned about government surveillance, while 46 percent is not. There is now a sort of acceptance of highly intrusive surveillance as the new normal, [while] the American public [remains] unaware of many of the agency’s long list of abuses. It is little wonder that only slightly more than half the public is concerned. For that reason, I agree with Frederick A. O. Schwartz Jr., the former chief counsel of the Church Committee, which conducted a yearlong probe into intelligence abuses in the mid-1970s, that we need a similarly thorough ... investigation today. “Now it is time for a new committee to examine our secret government closely again,” he wrote in a recent Nation magazine article, “particularly for its actions in the post-9/11 period.”

Note: The author of this excellent article is James Bamford, the former ABC News producer who broke the story on Operation Northwoods and has written landmark books on the NSA. For more along these lines, see concise summaries of deeply revealing news articles about intelligence agency corruption and the erosion of privacy rights from reliable major media sources.


New report questions story behind killing of Osama bin Laden
2015-05-11, Boston Globe/Associated Press
https://www.bostonglobe.com/news/nation/2015/05/11/new-report-questions-story...

Four years after the death of Al Qaeda leader Osama bin Laden at the hands of US Navy Seals in Abottabad, Pakistan, a new report ... by journalist Seymour Hersh questions the Obama administration’s account of the killing of Osama bin Laden. The report claims that, among the lies, the biggest was the idea that the raid in May 2011 that killed bin Laden was an all-American event. "The most blatant lie was that Pakistan’s two most senior military leaders – General Ashfaq Parvez Kayani, chief of the army staff, and General Ahmed Shuja Pasha, director general of the ISI – were never informed of the US mission," the report says. The report also says that Pakistan’s Inter-Services Intelligence agency had been holding bin Laden as a prisoner since 2006, and that the US learned about the Al Qaeda leader’s location through a former senior Pakistani intelligence officer, who gave the information in return for the reward being offered by American officials. The White House has said bin Laden was found through tracking his couriers. Hersh’s primary US source for his story is "a retired senior intelligence official who was knowledgeable about the initial intelligence about bin Laden’s presence in Abbottabad." White House spokesman Josh Earnest ... dismissed the Hersh piece, saying it was "riddled with inaccuracies." Hersh, a longtime contributor to The New Yorker, is an award-winning journalist who has won numerous prizes for his investigative reporting, including the Pulitzer Prize.

Note: There are many big problems with the official story of the killing of bin Laden. For starters, read the review on the London Review of Books website. For more, see this ABC News article, this BBC article and this AP article.


The above three are excerpts from the news stories most recently posted to this website.

Explore our index to revealing excerpts of news articles on several dozen topics.

Don't miss amazing excerpts from the 20 most revealing news articles ever published.