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.

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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.




FAA Bans Flights Over Ferguson as Tensions Flare Between Police, Residents
2014-08-12, Boston Globe
http://www.boston.com/news/nation/2014/08/12/faa-bans-flights-over-ferguson-t...

The Federal Aviation Agency has declared a no-fly zone over Ferguson, Missouri as tensions between police and protesters continued after last weekend’s police shooting of Michael Brown. The FAA issued a temporary flight restriction on Tuesday, prohibiting aircraft—including news helicopters—from entering the area. The agency listed the reason as “to provide a safe environment for law enforcement activities.” The extraordinary move comes days after the shooting of Michael Brown. The 18-year-old was shot multiple times and killed by police Aug. 9. Witnesses to the shooting said Brown had his hands up and was surrendering to police. Law enforcement officials, meanwhile, said the shooting occurred after a physical confrontation with Brown and a friend. The shooting and ensuing controversy has led to protests, looting and a strong police response in the St. Louis-area community.

Note: For more on this, see concise summaries of deeply revealing government secrecy news articles from reliable major media sources.




Warrior cops on steroids: How post-9/11 hysteria created a policing monster
2014-08-15, Salon
http://www.salon.com/2014/08/15/warrior_cops_on_steroids_how_post_911_hysteri...

Sometime after 9/11 strange stories began to emerge about small town police agencies all over the nation receiving grants from the newly formed Department of Homeland Security to buy all kinds of high-tech equipment to fight “terrorism.” As Radley Balko thoroughly documented in his book Rise of the Warrior Cop the military industrial complex has created a new industry: the police industrial complex. Since 9/11 the United States has been spending vast sums of money through DHS to outfit the state and local authorities with surveillance and military gear ostensibly to fight the terrorist threat at home. What we have been seeing in Ferguson, Missouri, these past few days is largely a result of that program — and an entire industry has grown up around it. In less than a month a group of militarized police equipment vendors across the nation will be gathering for an annual confab called “Urban Shield” in Oakland, California. It features dozens of sponsors, from the Department of Homeland Security and police agencies all over the country to such vendors as Armored Mobility Inc. The Department of Homeland Security disburses somewhere in the vicinity of $3 billion a year for this sort of thing. Add in the loot that’s legally appropriated by police agencies in the war on drugs and you have a massive incentive to turn the streets of Ferguson, Missouri ... into a scene that looks more like the siege of Fallujah. We’ve been spending billions of taxpayer dollars for decades to turn the streets of urban America into a war zone at the merest hint of dissent. And now it’s here.

Note: For more on this, see concise summaries of deeply revealing military corruption news articles from reliable major media sources.




Oil a key motive for U.S. air strikes in Iraq
2014-08-12, San Francisco Chronicle (SF's leading newspaper)
http://www.sfgate.com/business/bottomline/article/Oil-a-key-motive-for-U-S-ai...

This week's U.S. air strikes in northern Iraq are being accompanied with an undertow of "it's all about oil" talk. Take for example, Columbia School of Journalism Dean Steve Coll's observation in The New Yorker, that "Obama's defense of Erbil (capital of the semiautonomous Kurdish region) is effectively the defense of an undeclared Kurdish oil state." It's no secret that Iraqi Kurdistan has an abundance of oil reserves, nor that U.S. oil companies, like [Chevron] are busy exploring there. Chevron has three "production sharing contracts" with the Kurdish government, covering a combined 444,000 acres, north of Irbil, where it's in the early testing and drilling stage. And it likes what it sees. Asked for an update, a Chevron spokesman said Monday, "We continue monitoring the situation. We remain in regular contact with the Kurdistan Regional Government and are dedicated to supporting the (Kurdistan Region of Iraq) in developing its natural resources." A potentially bigger worry for both Chevron and the Kurds .. could be if Iraq did stabilize and unite, with Kurdistan under its umbrella. For Chevron ... a new arrangement in Iraq could entail the renegotiation of contracts it has with the Kurds, which by the way, Baghdad refused to recognize. Kurdistan's oil pipeline via Turkey continues to pump out oil - 120,000 barrels per day.

Note: For more on this, see concise summaries of deeply revealing military corruption news articles 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.






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