Saturday, April 18, 2015

Signs That The Elite Are Feverishly Preparing For Something BIG

End of the American Dream
April 19, 2015

Police State Riot Control Exercise - Public DomainWhat in the world are the elite up to?  In recent days, we have learned that the New York Fed is moving a lot of operations to Chicago because of concerns about what a “natural disaster” could do, the federal government is buying 62 million rounds of ammunition commonly used in AR-15 semi-automatic rifles for “training” purposes, and NORAD is moving back into Cheyenne Mountain because it is “EMP-hardened”.  In addition, government authorities have scheduled a whole host of unusual “training exercises” all over the nation.  So are the elite doing all of this in order to prepare for something really BIG, or should we just chalk up all of this strange activity to rampant government paranoia?
First, let’s talk about what the New York Fed has been doing.  What kind of natural disaster would be bad enough to completely shut down the operations of the New York Federal Reserve Bank?  It would have to be something very unusual, and apparently the New York Fed is very concerned that such an event could happen.  According to Reuters, the New York Fed has been transferring personnel to Chicago and building up its satellite office there just in case a “natural disaster” makes it impossible for normal operations to continue in New York…
First, let’s talk about what the New York Fed has been doing.  What kind of natural disaster would be bad enough to completely shut down the operations of the New York Federal Reserve Bank?  It would have to be something very unusual, and apparently the New York Fed is very concerned that such an event could happen.  According to Reuters, the New York Fed has been transferring personnel to Chicago and building up its satellite office there just in case a “natural disaster” makes it impossible for normal operations to continue in New York…
The New York branch of the U.S. Federal Reserve, wary that a natural disaster or other eventuality could shut down its market operations as it approaches an interest rate hike, has added staff and bulked up its satellite office in Chicago.
Some market technicians have transferred from New York and others were hired at the office housed in the Chicago Fed, according to several people familiar with the build-out that began about two years ago, after Hurricane Sandy struck Manhattan.
Officials believe the Chicago staffers can now handle all of the market operations that are done daily out of the New York Fed, which is the U.S. central bank’s main conduit to Wall Street.
This seems very odd.
In all of U.S. history, there has never been a natural disaster in New York City that would have been bad enough to totally shut down the operations of the New York Fed for an extended period of time.
So why are they so concerned?
Well, I can think of one event that could cause such a disruption…
An east coast tsunami.
This is something that I wrote about in this article.  But other than that, it is hard to imagine a natural disaster which could shut down the New York Fed for an extended period of time.
Another very odd thing that we learned about this week is an absolutely massive purchase by the government of ammunition that is commonly used in AR-15 semi-automatic rifles.  The following comes from an article by Paul Joseph Watson
The Department of Homeland Security is set to purchase over 62 million rounds of ammo typically used in AR-15 semi-automatic rifles, just weeks after the ATF was forced to back down on a ban on M855 bullets.
posting on FedBizOpps.gov this week reveals that the DHS is looking to contract with a company to provide 12.6 million rounds of .223 Remington ammunition per year for a period of five years – totaling 62.5 million bullets.
The solicitation explains that the purchase is intended, “to achieve price savings over the current .223 Rem duty ammunition.” The bullets will be used by U.S. Customs and Border Protection agents nationwide for “training” purposes.

Why in the world would U.S. Customs and Border Protection agents nationwide need such a massive amount of ammunition for “training” purposes?
That seems very odd.
Something else that seems very strange is the fact that NORAD is moving back into Cheyenne mountain after all these years…
It shut down nearly ten years ago as the threat from Russia seemed to subside, but this week the Pentagon announced that Cheyenne Mountain will once again be home to the most advanced tracking and communications equipment in the United States military.
The shift to the Cheyenne Mountain base in Colorado is designed to safeguard the command’s sensitive sensors and servers from a potential electromagnetic pulse (EMP) attack, military officers said.
The Pentagon last week announced a $700 million contract with Raytheon Corporation to oversee the work for North American Aerospace Command (NORAD) and US Northern Command.
Admiral William Gortney, head of NORAD and Northern Command, said that ‘because of the very nature of the way that Cheyenne Mountain’s built, it’s EMP-hardened.’
So the U.S. military is concerned about an EMP attack all of a sudden?
Spending 700 million dollars to move back inside a mountain just because it is “EMP-hardened” is a pretty big deal.
Do they know something that we don’t?

Thursday, April 16, 2015

Citi Economist Says It Might Be Time to Abolish Cash

Bloomberg Business
April 17, 2015

The world's central banks have a problem.
When economic conditions worsen, they react by reducing interest rates in order to stimulate the economy. But, as has happened across the world in recent years, there comes a point where those central banks run out of room to cut — they can bring interest rates to zero, but reducing them further below that is fraught with problems, the biggest of which is cash in the economy.
In a new piece, Citi's Willem Buiter looks at this problem, which is known as the effective lower bound (ELB) on nominal interest rates.
Fundamentally, the ELB problem comes down to cash. According to Buiter, the ELB only exists at all due to the existence of cash, which is a bearer instrument that pays zero nominal rates. Why have your money on deposit at a negative rate that reduces your wealth when you can have it in cash and suffer no reduction?
Cash therefore gives people an easy and effective way of avoiding negative nominal rates.
Buiter's note suggests three ways to address this problem:
  1. Abolish currency.
  2. Tax currency.
  3. Remove the fixed exchange rate between currency and central bank reserves/deposits.
Yes, Buiter's solution to cash's ability to allow people to avoid negative deposit rates is to abolish cash altogether. (Note that he's far from being the first to float this idea. Ken Rogoff has given his endorsement to the idea as well, as have others.)
Before looking at the practicalities of abolishing currency, we should first look at whether it could ever be necessary. Due to the costs of holding large amounts of cash, Buiter puts the actual nominal rate at which the move to cash makes sense as closer to -100bp. So, in order for a cash abolition to become necessary, central banks would need to be in a position where they wished to set nominal rates much lower than that.
Buiter does not have to go far to find an example of where a central bank may have wanted to set interest rates much lower to -100bp. He uses (a fairly aggressive) Taylor Rule to show that Federal Reserve rates should have been as low as -6 percent during the financial crisis.
It seems Buiter is correct: Sometimes strongly negative nominal rates are called for. 
Buiter is aware that his idea may be somewhat controversial, so he goes to the effort of listing the disadvantages of abolishing cash.
  1. Abolishing currency will constitute a noticeable change in many people’s lives and change often tends to be resisted.
  2. Currency use remains high among the poor and some older people. (Buiter suggests that keeping low-denomination cash in circulation — nothing larger than $5 — might solve this.)
  3. Central banks and governments would lose seigniorage revenue.
  4. Abolishing currency would inevitably be associated with a loss of privacy and create risks of excessive intrusion by the government.
  5. Switching exclusively to electronic payments may create new security and operational risks.
Buiter dismisses each of these concerns in turn, finishing with:
In summary, we therefore conclude that the arguments against abolishing currency seem rather weak.
Whatever the strength of the arguments, the chances of an administration taking the decision to abolish cash seem vanishingly small. 

Wednesday, April 15, 2015

ISIS CAMP DISCOVERED AT U.S. BORDER!

Infowars News
April 16, 2015

Infowars reporter Joe Biggs touches down at the U.S./Mexico border where it has been reported that ISIS has established a compound in Juarez, N.M. among numerous cartel groups.
We know the feds have been caught smuggling drugs and weapons into America, but are they now smuggling in members of ISIS?

Global Property Bubble Fears are Growing

The Economist
April 16, 2015

BEFORE the financial crisis of 2007-08 low long-term interest rates fuelled an extraordinary house-price boom around the world. That bubble was pricked in the crisis and subsequent recession. Since then, however, central banks’ attempts to crank up the recovery by pushing down long-term interest rates to new lows have had a predictable consequence in many property markets. House prices are now rising in 18 of the 23 economies that we track, in eight of them at a faster pace than three months ago (see table).
There remain some weak spots, especially in Europe. Prices in Spain, which had one of the biggest bubbles before the crisis, are still falling. They have also been declining in France and Italy, reflecting continuing economic weakness in the euro zone’s second- and third-largest economies. In contrast, housing markets are buoyant in some northern European countries, notably Britain.
Since some recovery was bound to occur after the housing slump, how worrying are the renewed signs of exuberance? To assess whether house prices are at sustainable levels, we use two yardsticks. One is affordability, measured by the ratio of prices to income per person after tax. The other is the case for investing in housing, based on the ratio of house prices to rents, much as stockmarket investors look at the ratio of equity prices to earnings. If these gauges are higher than their historical averages then property is deemed overvalued; if they are lower, it is undervalued.
Based on an average of these measures, houses are at least 25% overvalued in nine countries. Judged by rents, the most glaring examples are in Hong Kong, Canada and New Zealand. The overshoot in these economies and others bears an unhappy resemblance to that prevailing in America at the height of its boom before the crisis.

Sunday, April 12, 2015

Global Schooling: The Hijacking of American Education

August Forecast & Review
April 12, 2015


CommonCoreTree.jpgHijack: To seize control of (a moving vehicle) by use of force, especially in order to reach an alternate destination.
This issue demonstrates the virtual takeover, or hijacking, of American education by the same global elite who have already been noted in other issues of The August Review. The time period for this hijacking is roughly the same as the economic plundering of America detailed in For Sale: The United States of America -- it started roughly in 1973, and is still in progress today.
The success of globalism rides on the back of manipulating the minds of students to reflect patterns of global dogma. These students may be academically inferior to their 1970 counterparts, but scholarship was easily traded for the globalist-friendly character traits of a global citizen -- traits that will not question the globalist agenda, but that will indeed welcome it as an inevitable evolution of civilization.
It will be shown that the hijacking...
  • had careful forethought and planning
  • anticipated a specific timetable for implementation
  • was actually implemented according to the stated timetable
  • included plans to remove resistance and obstacles
  • was steeped in deception and double-talk
The common thread through all of this will be seen most clearly in the common patterns of financing that repeatedly surfaces: Foundations like Carnegie Corporation, Rockefeller Foundation, Ford Foundation, and others, who backed those working toward globalist ends.
The result is the total subversion of American education into the hands of a relatively small band of global elitists. There was no public or political mandate for their policies or actions. By and large they operated behind the scenes by blurring the distinctions between public and private policies, and by making sure no one connected the dots to accurately display the "big picture."
The mission of The August Review has been "Follow the money, follow the power". In this case, we are following the money. The big picture will reveal to the reader a startling scene that few have experienced before.

Background: Policy and Planning

In his contribution to the 1979 book, Schooling for a Global Age, Robert Leestma of the U.S. Office of Education wrote:
"National security today involves more than military preparation. Global education is one of the essential new dimensions.
"The globalization of the human condition is interweaving the destinies of all nations and peoples at an accelerating rate and affecting many aspects of life. Global education involves multidisciplinary perspectives about the extended human family, the existing condition of mankind and the planet, and foreseeable consequences of present trends and alternative choices.รข€1
The back side of the dust cover noted the financial backers of the studies:
The Danforth Foundation
The John D. Rockefeller III Fund
Martha Holden Jennings Foundation
Charles F. Kettering Foundation
Charles Stewart Mott Foundation
The Needmor Fund
The Rockefeller Foundation
The Spencer Foundation
U.S. Office of Education
National Institute of Education2
Emphasis is added to note two things: first, the Rockefeller and Kettering foundations originally funded the Trilateral Commission. Second, public funds were intermixed with private funds to facilitate and implement a non-public supported or authorized endeavor.
Schooling for a Global Age was an excellent example of global education strategy because of its authority of scholarship, financial backing and subsequent impact. Although it was not an "official" US government publication, government officials were quoted and substantial government funds were provided so the study could be undertaken.
In short, this book typified the then-current thinking of the National Education Association (NEA), the Department of Education, the various foundations listed and most importantly, the thinking of David Rockefeller et al.

Keiser Report: Warren Buffett's Interest Rate Apartheid

Keiser Report
April 12, 2015


In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss rendering unto Caesar that which is Caesar’s – and unto Warren Buffett (and other tollbooth operators) everything else. In the second half, Max interviews internet and tech pioneer Halsey Minor about his latest venture, Bitreserve.org, a next-generation money service built on top of bitcoin.


TERROR CAMPS:The Global Agenda

TERROR CAMPS:The Global Agenda
Watch Full Length Movie Here

Libyan Violence: Globalist Plan for the Domination of Eurasia

Left-Right Paradigm and the Coming Election

More White House Propaganda... "The Unemployment Rate is Only 8.25%!!!!"

Defense Cuts Harmful to Economy or National Security?

The Obama Catholic Connection

The Globalists Plan for a Coming World Currency

Four Mega Banks Dubbed "The Four Horsemen of U.S. Banking"

New World Order Rising-Documentary

New World Order Rising-Documentary
Watch Here

Amazon.com

FOX News

ObamaCrimes.com

ObamaCrimes.com
Find out Why Here...

My Other Passions

My Other Passions
Aikido and Iaido

Psalm for the Day