Haaretz recently summed up Israeli Prime Minister’s legal woes. His wife will soon be arrested for a $110,000 fraud. Even his son is under possible indictment for accepting illegal gifts. In one case Thyssen Krupp’s man in Israel has already accepted a plea bargain which includes one year in jail. That case will take down Netanyahu’s key supporters within the government. And then are three other cases that could put Netanyahu in jail. The Israeli Attorney General might be a member of the cabinet but he is serious about these forthcoming indictments.
In the midst of all these scandals Netanyahu has decided to escalate ongoing tensions in Syria into a very dangerous shooting war. His major ally is the American Deep State which has been looking for a war from North Korea to the Ukraine to the Mideast. Dr Steve Keen has explained why we are headed to the worst Depression in 500 years: We have more Unpayable Debts to cancel than at any time in the history of the world. And as Dr Michael Hudson told us, “Unpayable Debts are never repaid.” (I will explain how easily Depressions are cancelled in the concluding section to this article.)
The latest from the incident of the shooting down of the Israeli F-16 and the subsequent attack on Syria is twofold. There is a very disturbing report that the Israeli Defense ministry has claimed that their recent series of attacks took out half of Syria’s air defenses. But Russia and Iran are both capable of re-supplying Assad. There is Good News in that high level American officials have told Israel they are on their own. Israel has opted for a lull in the fighting. We have no idea how long that will last. And the head of the Iranian Revolutionary Guards has said that in case of war they could take out every American base in the region. That is that they could sink the American Persian Gulf fleet and take out all US bases in Afghanistan, Iraq, Qatar, Bahrain, Saudi Arabia, Kuwait, Syria, Oman, the United Arab Emirates and elsewhere. Iran hopefully might show some caution by not attacking remaining US bases in Turkey.
Iran has been mass producing Mach 13 and Mach 14 missiles which they acquired under license from Russia. The US has no defense against anything faster than Mach 9. America’s only option against Iran is nuclear weapons. But oil out of the Mideast would be cut off before that happened so we would be in a worldwide Depression before and have lost every base in Central Command (possible exceptions: Turkey and Egypt.) Even the Green Zone in Baghdad would be gone.
Iran has built their own version of the S-400. They had already acquired the technology for the S-300 from China and from former Soviet client states. They have first rate air defenses and the offensive ability to take out US Central Command while blocking all oil out of the Persian Gulf.
On Israel’s other front Hezbollah has said they are well prepared for an escalation in the fighting. That is an under statement. They are mass producing missiles, drones and small arms in underground facilities according to Israeli sources. Hezbollah’s leader, Sheikh Hassan Nasrallah has said that a missile striking a ship containing ammonia in the port of Haifa would be a target. Actually, he had their ammonia storage facility as a primary target in case of war but the citizens of Haifa demanded it be moved elsewhere. Military affairs reporters have said a missile strike against an ammonia ship in Haifa harbor would have a secondary explosion equivalent to an atomic bomb. Haifa is a target rich environment for missiles. They are Israel’s petrochemical center.
Hezbollah militarily defeated Israel in the 2006 Lebanon war. They have at least 7 times as many soldiers now. They have faster missiles with superior Russian made guidance systems. They have a network of tunnels that go deep into Israel. They used drones to map targets. They have the ability to take down Israel’s electrical power grid for 6 months. They have a few 53 man suicide squads armed with missiles, high explosives and automatic weapons. They could do a lot of damage in an area with lots of Israelis so Israel’s F-16s would not be a factor. They have 7 battalions trained to invade Israel prepared to take and hold territory. They could easily take out Israel’s leaky nuclear reactor at Dimona if Iran already had not done that. Israel’s only successful military response would be nuclear war.
Bibi Netanyahu is risking World War III but their Attorney General has the solution at hand. Jail time Bibi and Sara.
I promised to explain how easily Depressions are prevented. This has been done in the past though admittedly long ago. The kings of ancient Sumer and Babylon would periodically issue Debt Cancellation edicts. The writer of the Book Of Jeremiah said that if we had known about this there would never have been a Babylonian Captivity. It seems the Jews knew nothing of Debt Cancellation which the Bible writers called the Jubilee until arriving in Babylon.
Two reasons for Debt Cancellation were poverty and national security. The kings of Babylon did not want their small farmers to become debt slaves. Why? Because Bankers strip debtors of assets. Bankers took all of the weapons and horses owned by the poor. This took away both the means of defense and every financial incentive to fight against an invading army. Debt Cancellation protected nations from their neighbors while simultaneously stopping a Depression. I should point out that Dr Israel Finkelstein who wrote the Bible Unearthed said there never was a united kingdom of Israel and Judah. Nor was there a Temple of Solomon and that David was no king. There were only 1,600 people in Jerusalem at the time.
I would define a Depression as a period in time when Unpayable Debts are cancelled en masse. This causes effects which we associate with Depressions – mass bankruptcies, foreclosures and widespread unemployment. America is about one interest rate hike away from a Depression which will be far worse than 1933 when 3 million Americans starved to death. The St Louis Federal Reserve Bank released a chart showing a serious drop off in interbank loans. If banks do not think other banks are capable of repaying a loan, then they won’t lend no matter what the interest rate. If you remember your history, then you know that the Rothschild owned Credit Anstalt bank collapsed on May 11, 1931. That signaled the beginning of a liquidity crisis which took us from a recession to a really bad Depression. When I say 3 million Americans starved to death in the 1930s, I have to tell people that America only had a population of 123 million in 1929. We have added 200 million people since then but the Wall Street elite decided to ship millions of jobs overseas so Shadow Stats reports a real unemployment rate of 23%.
The solution to Depressions in the modern era is quite simple as soon as you realize that we have a debt based currency. President Lincoln had a debt free currency called the Greenback. If we still had Greenbacks and not Federal Reserve Notes, then we would not have a national debt of nearly $21 trillion which is closer to $25 trillion if you include agency debt like Fannie Mae. And we would not have a couple trillion in state and local debt. Plus we could have spent the required increase in money supply into circulation by funding a current backlog of $4 trillion in infrastructure repairs and improvements which would create millions of high paying jobs.
Under our debt based system, Bankers have the right to create money in a checking account and charge you interest on the money they created out of thin air. Banks have the right to loan out more money than they took in deposits. This is called fractional reserve banking. In America Bankers can loan out ten dollars for every dollar on deposit. In Britain Bankers can loan out 330 pounds for every tenner on deposit. Professor Irving Fisher had the solution to our monetary problems in the 1920s when he proposed 100% money which was the issuance of a debt free currency like the Greenback combined with a repeal of fractional reserve banking.
Dr Fisher and 8 University of Chicago professors issued a Chicago Plan in 1933 which was an appeal to President Roosevelt to implement 100% money and to stop the Great Depression with nearly immediate effect. FDR did not listen. Instead he chose to let 3 million Americans starve to death and end the Depression by fighting WW II so he could expand Communism into Europe, China, Indochina and Korea thus committing Americans to the Cold War, the Korean War, the Vietnam War and World War II after the German generals had offered to surrender in 1938 and 1939. The Japanese Emperor had tried to surrender as early as 1936.
There are 3 ways to end a Depression. The Weimar Republic of 1923 hyperinflated its currency so that a billion marks debt became negligible in size compared to the wheel barrows of money German citizens used to buy things at the store. The second method was 1933 America when companies declared bankruptcy and Bankers foreclosed on homes and farms. Under a debt based system like ours, money is cancelled in bankruptcy court. We had a Great Contraction. A third of our money supply was cancelled through bankruptcy proceedings. And people died by the millions as a result.
The Third and only painless way to cancel debt and Depressions would be to do a modern version of a Babylonian Debt Cancellation or Jubilee. I have written many times of the tens of billions and trillions stolen from taxpayers and pensioners by the Elite of Wall Street. The simple solution to avoid 50 million Americans dying from starvation, medical neglect and riots is to arrest the billionaires and seize their assets to fund Debt Cancellation. And we follow through by replacing Federal Reserve Notes with modern day greenbacks and repealing fractional reserve banking. The first two articles below explains the above in more detail.
Debt Cancellation Is The Best Way To Take Down Bilderberg
IMF Economists: ‘We Were Wrong.’ Will Someone Please Tell The Press And The Politicians.
Catherine Austin Fitts: The Black Budget And The Leveraged Buyout Of The World Using Stolen Money
$21 Trillion Went Missing From 2 US Agencies Since 1998.
Haaretz wrote an article summing up Netanyahu’s legal difficulties. Read it here: