There are 397 days from Labor Day of 2015 until election day 2016.
Some of you are old enough to remember that Democratic Presidential candidates began their campaigns on Labor Day of the election year with a rousing speech to the labor unions in Detroit.
Not this time around. The campaign began months ago. Early observations are that neither Hillary Clinton nor Jeb Bush will be next year’s nominees. That is Good News. Now for the rest of the story.
If I were a Democrat, I would not show up in Detroit on Labor Day at all. The city of Detroit filed for bankruptcy on July 18, 2013. It will be more than 3 years without any help from either Democrats or Republicans by Labor Day of 2016. Compare that to the trillions of dollars the Bankers got when they threatened the country with a full scale Depression back in 2008.
If I were a Republican opposed to the TPP (Trans Pacific Partnership) treaty, I would pay to have busloads of anti-TPP opponents demonstrate at any Labor Day event the Democratic nominee held. I would also show up with demonstrations at any black Democrat event saying my opponent wanted to bring back slavery.
The TPP treaty will no longer allow America to boycott products made by slave labor. By election day 2016 Malaysia will be past 200 mass grave sites for slaves who chose death over slavery.
The problem with this scenario is that there are no Republican candidates I am aware of who oppose the TPP treaty. (Leave a comment if you know of any. Bernie Sanders would blow his top if anyone mentioned Israelis as oppressors of the Palestinians. And do not tell him that Israel is stealing natural gas from Lebanon and the Palestinians.)
The city of Detroit has special bonds paid for by water revenues. Nearly half of the people in Detroit cannot pay their water bills which are twice the national average. If I were a Third party candidate, I would highlight that quote from the former Nestle CEO and current Chairman Peter Brabeck-Letmathe that water is not a human right. That ought to go over big in Detroit and in California and other drought stricken states on the west coast. I would emphasize the amount of money Nestle gave to my political opponents. I might even show up outside Nestle’s American corporate headquarters demanding a refund for Californians on their water and taxes. Nestle paid California politicians only $524 for 27 million gallons of water during one of the worst American droughts in modern times.
I might go with a billboard in select cities where the media can see ads declaring myself to be the only candidate who believes ‘Water is a human right.’
Or if Joe Biden is the Democratic nominee, I would try billboards in media cities with lots of black voters saying I am the ‘The only candidate who opposes 21st century slavery.’
Better yet would be to go from city to city with an old fashioned portable jail cell with a Jail the Bankers campaign theme. The Bankers stole more than $40 trillion from us and will steal tens of trillions more but not one of them has gone to jail.
Next year will be a bad, bad year for Bankers but a very good one for Rabble Rousers all over the world.
In several recent interviews Dr Jim Willie has outlined how prolonged oil price declines are pushing both the oil industry and the New York banks into bankruptcy. Six more months and they will be on the ropes.
But first we must go back to David Rothkopf, the former CEO of Kissinger associates, and his book Superclass in which he says that the West is run by Thirty Families and their 6,000 Minions. Those families own the major banks, the major oil companies and our governments.
Now we can appreciate what Dr Willie was saying.
The drop in oil prices has been a disaster. Fracking junk bonds are the least of our worries. Oil companies hedged against the drop in oil prices when it was $80 to $100 a barrel. Those hedges were picked up by the New York banks which are on the hook for massive losses. The oil companies stopped hedging because nobody would take the bets. Now they are selling oil for less than the cost of production. Bad times face both the Bankers and the oil companies.
But these two sectors of the economy are the core of the investments held by the Thirty Families. Of course I have mentioned in the past that the Federal Reserve has asked the major banks to write ‘Living Wills’ which meant they were to prepare for bankruptcy. Place all their bad derivatives (more than $200 trillion) in the same division as our bank deposits and those guarantees from the taxpayers. The good assets which were meant to survive the impoverishment of the common folk were to be placed into separate corporate entities.
Additionally, tens of trillions of dollars have been stashed in offshore tax havens. And that is not just from the billionaires of America and Great Britain. The Chinese have stashed $4 trillion in British banks in the Caribbean. And they sent $950 billion out of their country last year using phony invoices to justify payments to overseas corporations.
He has said that just as Lehman was looted by Wall Street banks so could an entire nation be looted by the New York and London banks. He thinks France could be asset stripped. Deutsche Bank and Morgan Stanley are other possible candidates for sacrifice.
Dr Willie has an interesting take on the dollar which of late has increased in value. His analogy was that of a helium filled balloon which will rise when released. As it rises in the atmosphere, the outside pressure decreases and the balloon expands until it goes poof!
What he is predicting is that the US dollar will continue to rise until it ceases to exist as an international currency. It will be replaced by a domestic dollar. That domestic dollar will not be accepted to purchase goods overseas. The US will have to somehow sell something of value to earn either gold, Chinese yuan or some other universally accepted currency.
Jim Rickards who is a consultant to the CIA and the Pentagon has said the dollar will suffer a series of devaluations until it loses 80% of its ability to purchase goods from overseas. He emphasized that meant imported goods will go up 500% for Americans. The corollary is that Americans might not be able to buy food if their store shelves are emptied by foreign buyers. He said Americans will be very poor for 20 years but never mentioned a separate domestic dollar not being redeemable overseas. Nor did he suggest any solutions other than Austerity for the middle and working classes. That means likely death for most welfare recipients and pensioners.
I had written some time ago that the IMF was considering whether or not to add the Chinese yuan to the list of 4 currencies that comprise their SDR basket of currencies. This would have devalued the dollar and been a first step on the path to Dollar Hyperinflation. The IMF has instead decided to delay for one year any changes to the status of the yuan.
The Petrodollar is dead. In 1973 Henry Kissinger developed the Petrodollar during the Arab-Israeli war of that year. The US exported nothing anyone wanted overseas except for weapons and grain so Persian Gulf states were persuaded to sell oil for US dollars which they invested in US Treasury bonds and the NYSE. For some time now the OPEC nations have been net sellers of US bonds and dollars.
Dr Willie says Hyperinflation will begin with QE (Quantitative Easing) 4. The Chinese have been selling $50 billion a week in US Treasury bonds. The Saudis have also been selling American Treasury bonds to make up for their lost oil revenues. Russia, Brazil and others have also been selling US bonds. Russia, China, India and the Arabs have been heavy buyers of gold. The Gulf States have more than $2 trillion in Sovereign Wealth funds to liquidate. They will sell and sell day by day but one of these days the value of those US Treasury bonds and American dollars will collapse.
QE 4 will require the Federal Reserve to buy between $50 and $100 billion a week of US Treasury bonds sold by foreigners while simultaneously funding the US budget deficit and covering the losses of the New York banks. We are talking about pumping out money by the trillions. This will not last long before even the dimmest of bulbs figure out that the dollar is doomed in the short run and not just some time after the 2016 elections.
All of these events and the contracting economy will force politics into a rebellious mode in 2016. The problem is that the Uber Rich have stacked the deck against us. They blew up buildings with Americans inside from the World Trade Center in 1993 to the Oklahoma City bombing in 1995 and back to the WTC on 9-11-2001.
The billionaires of New York decided to set off a series of bombs so they could stampede the public into passing laws authorizing a National Security State. The Bankers now have the right to steal our savings and pensions by the tens of trillions of dollars. If we object, they have the right to arrest us without trial and to torture us for saying bad things about them.
No candidate in 2016 will dare suggest we arrest the Bankers and use their seized assets to fund worldwide Debt Cancellation.
George Soros and the Obama administration have laid the ground work for Civil Unrest in America just as they did in Cairo’s Arab Spring and in their coup in Kiev. They have created the beginnings of a black vs white Race War on US soil with Black Lives Matter. They have laid the ground work for Race Wars between blacks and Hispanics as well as Hispanics vs whites with Amnesty.
I do not see the US as being capable of fighting oil wars against either Russia or Iran and Syria so they could save the oil companies and the banks by running the price of oil above $100 acould attack Iran but we would lose the war in the first 5 minutes. And Israel would start a thermonuclear was after five minutes of incoming missiles.
The only enemy the wealthy fear are the American voters. Multiple Race Wars – white vs black, Hispanics vs blacks and whites – will likely be used to take down America. The wealthy want Americans to use 350 million guns against each other rather than against the Bankers who stole our money by the tens of trillions.
America is not yet at the point where the 6 Jewish run media conglomerates will allow any honest discussion of banking, Debt Cancellation and wars for Israel.
The next 397 days will be very, very bad for America and the rest of the world but the American people are not yet in a position to say No to Wall Street and to Israel.
My thoughts are unchanged. I still regard a military coup by junior officers as the only viable way to save 10 million plus Americans from starving to death over the next several years.