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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.


C.I.A. Cash Ended Up in Coffers of Al Qaeda
2015-03-14, New York Times
http://www.nytimes.com/2015/03/15/world/asia/cia-funds-found-their-way-into-a...

In the spring of 2010, Afghan officials struck a deal to free an Afghan diplomat held hostage by Al Qaeda. But the price was steep — $5 million. To come up with the money, [senior security officials] turned to a secret fund that the Central Intelligence Agency bankrolled with monthly cash deliveries to the presidential palace in Kabul, according to several Afghan officials. The Afghan government, they said, had already squirreled away about $1 million from that fund. Within weeks, that money ... was handed over to Al Qaeda, replenishing its coffers after a relentless C.I.A. campaign of drone strikes in Pakistan had decimated the militant network’s upper ranks. The C.I.A.’s contribution to Qaeda’s bottom line, though, was no well-laid trap. It was just another in a long list of examples of how the United States, largely because of poor oversight and loose financial controls, has sometimes inadvertently financed the very militants it is fighting. While refusing to pay ransoms for Americans kidnapped by Al Qaeda, the Taliban or, more recently, the Islamic State, the United States has spent hundreds of billions of dollars over the last decade at war in Iraq and Afghanistan, some of which has been siphoned off to enemy fighters. The C.I.A., meanwhile, continued dropping off bags of cash — ranging each time from a few hundred thousand dollars to more than $1 million — at the presidential palace every month until last year, when Mr. Karzai stepped down. The money was used to buy the loyalty of warlords, legislators and other prominent — and potentially troublesome — Afghans, helping the palace finance a vast patronage network that secured Mr. Karzai’s power base.

Note: A 2013 New York Times article called the US the "biggest source of corruption in Afghanistan" for its CIA bankrolling of Afghan warlords. Meanwhile, over a billion dollars of Iraqi "reconstruction" cash disappeared and was later tracked to a bunker in Lebanon. For more along these lines, see concise summaries of deeply revealing war corruption news articles from reliable major media sources.


Chilean accused of murder, torture taught 13 years for Pentagon
2015-03-12, Miami Herald (Miami's leading newspaper)
http://www.miamiherald.com/news/nation-world/world/americas/article13814051.html

A member of the late Chilean dictator Augusto Pinochet’s brutal secret police who’s been accused of murder taught for more than a decade at the Pentagon’s premier university, despite repeated complaints by his colleagues about his past. Jaime Garcia Covarrubias is charged in criminal court in Santiago with being the mastermind in the execution-style slayings of seven people in 1973, according to court documents. An accuser ... identified Garcia Covarrubias as the person who sexually tortured him. Despite knowing of the allegations, State and Defense department officials allowed Garcia Covarrubias to retain his visa and continue working at a school affiliated with the National Defense University until last year. Human rights groups also question the school’s selection of a second professor, Colombia’s former top military commander. Some Latin America experts said the hirings by the William J. Perry Center for Hemispheric Defense Studies reflected a continuing inclination by the U.S government to overlook human rights violations in Latin America, especially in countries where it funded efforts to quash leftists. Those experts were especially troubled by Garcia Covarrubias’ long tenure at one of the nation’s most renowned defense institutions. His case is one of 108 involving tortured, disappeared or murdered supporters of the deposed elected president, Salvador Allende. More than 3,000 people died at the hands of the regime. Despite very graphic torture accusations against Garcia Covarrubias, U.S. officials are rallying behind him.

Note: The Pinochet regime successfully carried out an assassination in Washington D.C. in 1976 despite US Government foreknowledge of the plot. The Western Hemisphere Institute for Security Cooperation, formerly known as the School of the Americas, graduated more than 500 human rights abusers. For more along these lines, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.


Child sex abuse is 'woven into British society'
2015-03-14, BBC
http://www.bbc.com/news/uk-31885906

Child sex abuse is "woven, covertly, into the fabric" of British society, Theresa May has warned. Writing in the Daily Telegraph, the home secretary said the public were yet to grasp the full scale of the problem. Her comments come after a new panel was announced for the parliamentary inquiry into historical child abuse. Mrs May said the inquiry marked a "new beginning", but warned allegations made so far were only the "tip of the iceberg". The inquiry was set up in July 2014 to find out whether public bodies had covered up or neglected allegations of abuse, following claims that a paedophile ring had operated in Westminster in the 1980s. Mrs May said: "We already know the trail will lead into our schools and hospitals, our churches, our youth clubs and many other institutions that should have been places of safety but instead became the setting for the most appalling abuse. "However, what the country doesn't yet appreciate is the true scale of that abuse." The inquiry will have statutory powers to compel witnesses to appear to determine whether institutions took seriously their duty of care to protect children from sexual abuse in England and Wales. Mrs May said she felt it was a "once-in-a-generation" chance to uncover institutional abuse, which she called "the darkness in our midst".

Note: Explore powerful evidence from a suppressed Discovery Channel documentary showing that child sexual abuse scandals reach to the highest levels of government. For more along these lines, see concise summaries of deeply revealing news articles about sexual abuse scandals from reliable major media sources.


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.