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Archive for February 8th, 2010

Vatican Bank Charged with Money Laundering

Posted by Admin on February 8, 2010

Vatican Bank Charged with Money-Laundering

PressTV, January 24. 2010
Published here:  Monday, January 25, 2010 at 7:15 AM

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Saints in Sinners

The Bank of the Vatican has been accused of laundering USD 200 million by proxy through an Italian creditor, a report indicates.

The allegation of the Vatican bank’s financial corruption has been made by an Italian magazine that pointed to the financial institute’s purported involvement in stealth fiscal transactions —via several accounts —with Italy’s UniCredit Bank, Russia Today television network quoted the Panorama magazine as reporting.

“This corruption is continuing on a regular basis in the Vatican,” claimed Janathan Levy, a lawyer familiar with the bank.

“Again, there’s no reason for a religion to have a bank that does worldwide commercial activities, dealing in gold, dealing in insurance, dealing in property and then hiding behind the Roman Catholic Church,” Levy pointed out.

“I had the privilege to walk inside this bank. It’s nothing like a bank,” the Russian news channel quoted another lawyer, Massimiliano Gabrieli, as saying.

“If you go there you deposit or withdraw money without limit, without any kind of receipt for the bank and for the client. All you have is a single card with a number,” he stated.

The British London Telegraph, has recently ranked the Bank of the Vatican ahead of the Bahamas, Switzerland and Liechtenstein in banking secrecy.

The Vatican has denied all charges.

Read Original Article >>>

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The Money Assassins

Posted by Admin on February 8, 2010

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Stocks and Shares

The Money Assassins

Excerpt from “The Armageddon Conspiracy Website
Published here:  Sunday, February 7, 2010 at 2:38 PM

In Zeitgeist Addendum, “Economic Hitman” John Perkins said:

“We economic hit men really have been the ones responsible for creating this first truly global empire and we work in many different ways. But perhaps the most common is that we will identify a country that has resources our corporations covet, like oil, and then arrange a huge loan to that country from the World Bank or one of it’s sister organizations. But the money never actually goes to the country. Instead it goes to our big corporations to build infrastructure projects in that country. Power plants, industrial parks, ports…things that benefit a few rich people in that country in addition to our corporations, but really don’t help a majority of the people at all. However, the whole country is left holding a huge debt.”

It’s such a big debt they can’t repay it, and that’s part of the plan, that they can’t repay it. And so at some point we economic hit men go back to them and say ‘Listen, you owe us a lot of money. You can’t pay your debts, so sell your oil real cheap to our oil companies, allow us to build a military base in your country, or send troops in support of ours to someplace in the world like Iraq, or vote with us on the next U.N. vote.’ They have to have their electric utility company privatized and their water and sewage system privatized and sold to US corporations or other multinational corporations.

“So there was a whole mushrooming thing, and it’s so typical of the way the IMF and the World Bank work. They put a country in debt, and it’s such a big debt it can’t pay it, and then you offer to refinance the debt and get it to pay even more interest. And you demand this quid pro quo which you call ‘conditionality’ or ‘good governance’ which means basically that they’ve got to sell off their resources, including many of their social services, their utility companies, their school systems sometimes, their penal systems, their insurance systems, to foreign corporations. So it’s a double, triple, quadruple whammie!”

But the economic hitmen aren’t just taking contracts out on nations, they have us in their sights too. Just as they give big loans to countries to saddle them with debts, they give big loans to ordinary men and women too. They give them massive mortgages to pay off, and cards loaded with credit (aka debt). Soon enough, you’re a slave of the system, with no prospect of escape. You have to keep on the treadmill, you have to scamper forwards with the other rats in the rat race, you have to keep your nose clean, or rather extremely dirty with all that brown-nosing you’re having to do. You can’t afford to aggravate your employer. You’re locked into the system. You’re terrified of losing your job because then you won’t be able to pay your debts. The economic hitman’s silencer is pointing at you right between the eyes.

The Old World Order use the use the same tactics on the big and the small scale: whether it’s a nation or an individual, get them into debt and then you own them.

You’re not free, You’re not human. You’re a performing monkey, a rat with no option but to stay in the race. You’re a slave, completely under their control, which was their goal right from the start.

But if you buy property at the right time, you can be a partial winner. House prices might shoot up, and you will have a valuable asset. But what of others who didn’t get on the property ladder at the right time? They might now be priced out of the market. Ownership of houses generates winners and losers. There’s no skill involved, just luck. Did you get your timing right or not? By chance, some do, and others don’t. That chance could shape your future. You might rise up the pecking order, or fall down. You might have an asset that your children will inherit and then they will have an advantage over less fortunate children who have nothing to inherit from their parents.
Why should home ownership dictate your wealth and status, your prospects in life, and even that of your children? It shouldn’t, but it does. It has nothing at all to do with merit.

One of the classic mantras of the Power Elite to maintain their rule is contained in the principle: divide and rule.

Look at how society is constructed. The basic unit is the family. Each family lives in its own small, square box (house), cut off from others. Each has one or more cars in which they can again cut themselves off from others. Each is determined to do the best for its own members, and to hell with everyone else.

A society based on the family is full of division, of narrow self-interest, of fear and distrust of others. Everywhere, there are barriers between people. No one is cooperating. We are in the most horrific zero-sum game where if one family wins another loses. Families rising up are invariably pushing other families down. Rich families send their children to private schools to ensure that they get a better education than those who can’t afford private school. Once you have gone to a private school, and then an elite college or university, you are eligible for the fine things in life: the best jobs, the best houses, the most attractive partners. You are part of a rigged system, a cartel which is designed to favour you and penalize those who don’t share your privileged background. In Britain, this is known as “the old school tie”. If you walk into a job interview and you have the right tie and the right accent, you will get the job. An equally or more meritorious candidate from a poorer background has no chance. This is how society works. This is the gospel of the family.

Anyone who does not come from a good, stable, prosperous family is in real trouble. They are likely to slip into the dreaded underclass where they will lead a life of grinding misery with little or no chance of improving themselves. They will resort to drugs and crime to get them through.

We have been divided into countless selfish, competing little units and we are being ruled by the elite, dynastic families at the top of the pyramid. We live in a disguised feudal system; the lords at the top and the serfs (us) effectively owned by them.

We are all cutting each other’s throats, desperately trying to climb the pyramid and drag down those above us and stand on those below us. No one is ever condemned for saying, “I’d do anything for my family” (this is the principle by which most parents operate), yet Christianity says “Love thy neighbour as thyself”; “Do unto others as you would have them do unto you.” No well-off family loves the underclass, no well-off family wants to be done to as they do unto the underclass. None of these families are Christians, even though they say they believe in Christ.

Capitalism is a cut-throat ideology, a robber’s creed. It’s all about how you can get one over your neighbours, how you can get more money, status and power than others. The “American Dream” is about a person or family rising from nowhere to the very top, above everyone else. It’s not about a whole nation rising.

Life is very simple in many respects. Would you rather have leaders who think that society is improved by raising up everyone, or by those who seek their own personal advantage at any cost, regardless of the impact on others. Do you think Wall Street operates in your interests or its own? And if it is not operating in the interests of all the people, why is it tolerated at all? “Greed is good,” said Gordon Gekko. Perhaps for the likes of him, but not for anyone else.

Why do we sign up for our own servitude? It doesn’t need to be like this.

A very simple moral test can be applied to every decision. Is it done to benefit you alone or to help you and everyone else? Wall Street’s morality is the former; Washington DC’s morality is the former; capitalism promotes the former; the family abides by the former.

The antidote to family is community. The antidote to capitalism is community. The antidote to narrow self-interest is community. The antidote to Wall Street and big business is community. “Christianity” is theoretically (but not in practice) about community. Illumination is about community.

And community is all about trying to create the environment for each and every person to achieve their maximum potential. An underclass would be unacceptable in a society based on community. Racism, sexism, discrimination, privilege would be unacceptable.

At the moment, a tiny elite live as gods while the vast majority of humanity live in grim conditions with only a few dollars a day to survive. Imagine a world where everyone is flourishing, achieving, contributing. What could humanity not achieve? This is the path of light, the way to the True God. What we have at the moment is rule by the Demiurge, based on division, conflict, self-interest, hatred, selfishness and greed. The institutions of the world serve his and their interests, not those of the people. His ideology has triumphed. The Power Elite, the Old World Order, are his Chosen Ones who have implemented his destructive, hateful will to the letter.
Do you think there is a single godly person in Wall Street? They are the high priests of the Demiurge, and their skyscraper offices are his synagogues. Their chosen task in life is to enrich themselves at everyone else’s expense.

To this day there are people working for the defunct organisation Lehman Brothers. Their task is to unravel all of the deals that Lehman was involved with before it collapsed. These people, who took huge bonuses while their bank was crashing, caused by their disastrous decisions, are still being given huge bonuses because otherwise they would leave and it would be impossible to clean up their mess. In other words, they were paid a fortune while they were destroying their bank with their recklessness and stupidity, and now they are being paid a fortune to clean up their own disaster. They win no matter the circumstances. That’s the way the OWO operates.

A bank robber goes into a bank and steals a million dollars – that’s a crime. A chief executive officer goes into a bank, nearly bankrupts it through his incompetence, then takes out a hundred million dollars in salary, share options, benefits in kind and finally an enormous payoff when he finally gets fired. That’s business. It’s entirely legitimate. But think about it – who’s the bigger criminal? Who has done the most damage to the bank? If you are “authorized”, you can do anything you like. You have a licence to help yourself to as much money as you like. No one will stop you.

Who are the authorities? Who appoints them? Who monitors and regulates them? Who is allowed to remove them from office? Do the people ever have any say?

At Davos, a luxury ski resort in Switzerland, world leaders gather annually to discuss the economic future of the world. Politicians, bankers, industrialists, media moguls…the entire ruling class, the Old World Order, come together to decide how to carve up the world pie. You have no say in any of it. No one consults you. Your opinions are ignored. This is the way the world works. Why do you tolerate it? Why does anyone put up with this?

It was these people, those fat cats who go to Davos, who wrecked the world’s economy, who caused millions to lose their jobs and homes. What makes them think they are experts, that they are “good” for the world, that the world would fall apart without them? The reverse is true. If they vanished, it would be the best thing for the world. As the old joke says, what do you call a thousand lawyers at the bottom of the sea? A good start. The same is true for all bankers, accountants, politicians, stock market traders, advertisers, celebrities.

We won’t be free until it’s no longer possible to point at someone and say, “There goes one of the Power Elite.” There should be no Power Elite, no one with vastly more money than others, no one with vastly more influence, no one who is treated as a king.

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The Rite Of Passage

Posted by Admin on February 8, 2010

veil

ENERGETIC SYNTHESIS

ES News- February 2010

The Rite Of Passage



Dear Family,

We are moving through a three month cycle as a result of the massive influx of frequency introduced into our Planet’s energy field last November. Whenever we go through a major planetary shift (such as this one) you will notice that there is a pattern of energy assimilation that we all undergo at some level. This is the Spiritual Ascension pattern, Download (to be initiated into new frequency), Processing (to assimilate these energies and rearrange or delete obsolete patterns in your aura blueprint) and Integrate (to anchor in these updated patterns and to experience a different perception of reality). These energies work in Triads or patterns of Three. You will note 90 days after major energy events you will be dealing with the results of those energies by having to make changes or adjust to circumstances that impact your external physical world. This last cycle of energies are starting to radically impact our personal lives bringing much needed change into our physical reality now. We are all impacted by these energies whether we participate with them or do not.  What is transpiring during these times is a Planetary evolutionary event that impacts every level of our relationship to the Universe.

Synthesize Polarity to Unity

When we have a specific event such as November’s “Stellar Frequency Exchange” that is our planet’s initiation into another cycle moving us into a higher vibrational octave of energetic “Intelligence” . This means we then have a choice to participate with those new energies or not. The paradox of these energies is that some of us will seem to grow more “Intelligent” advancing with these frequencies and others will not, in fact they will shut down quite rapidly. When this frequency change creates confusion in a fear based individual the danger is their mind locks down and fear becomes the pervasive thought.

The term Intelligent is defined here as “Choosing to live in Harmony with Oneself so one can live in Harmony with the Universe”. The less harmony we create, the more pain and anguish we bring into our lives. This act of choice is not an evolved act of a species seeking to grow, evolve and expand itself.

This paradox is caused by the structure of “polarity” in our holographic reality – it amplifies the opposite forces with incredible pressure. The pressure increases relative to the scale between the frequencies and the higher the octave of frequency goes. As these high frequencies in many cases have no outlet to conduit through, (as so few humans have been prepared for their Ascension) they release incredible forces of distortion which can appear confusing at a linear level of perception. This is similar to a back exhaust of density (think of thick black smoke like Astral debris) that has to be transmuted in the personal and mass consciousness fields. These energies create a surreal intensity. ( especially now as we are undergoing a layer of Collective Emotional Body Initiation, which is changing our 4D Astral Plane, along with the ley line axis points in Giza, Egypt. These times are a Rite Of Passage for humanity. More on that ongoing....)

The more we participate consciously with our personal evolution the easier it is. Some of us will “go first” and connect to those new energies as the “wayshowers” for the rest of humanity. Others receive these transmissions in subsequent “waves” at the time they become open to receive them. Because the nature of this holographic reality is polarized into a dual charged system of “Electric-Male” and “Magnetic-Female” forces, we will perceive these events from this consciousness level as “duality” until we are able to understand what we are actually interacting with. We are embodied here to heal the “polarity” charge/split which is also its own field of energetic intelligence, mainly separation.

Humanity is evolving from an electromagnetic field of embodied consciousness by synthesizing these forces of opposite into a “Neutral” energy intelligence field.This Neutral field intelligence not only the source of our Genesis, it is a crystal matrix network forming the Universal Avatar of Ascension.

This is where the Guardian term “Polarity Integrator” for the Indigo Family stems from. This neutral energy field is the Unity intelligence field emanating from the Universal Core as projected from our God-Source-Creator. When we heal our inner polarity energies and repair the damage it created in our Aura, we then are able to actually embody the neutral energy field in our formerly polarized physical forms. We also heal the genetic material (DNA) and heal the Ancestral timelines of the past, present and future. In many languages (and sometimes distortions) this act of Unity Intelligence embodiment is also referred to as the Cosmic Christ Consciousness.

The Reappearance of the Christ on Earth is a phrase related to the direct comprehension of the destiny blueprint for the 3D human evolutionary process during this Ascension Cycle.  It is not one individual being, it is a group consciousness intelligence field. This is a phrase that many of us have heard before. What is a new revelation for humanity is that we are beginning to understand that the origins, conflicts and hidden histories of the Christ Consciousness (i.e. Unity Intelligence) extends way beyond this planet into the Multiverses. Which begins to open our minds to understand that the Christ Consciousness as an Intelligence, (as well as healing the human forms in order to hold that Intelligence) did not originate from this Earth. Further, that Extraterrestials have always had direct interaction, influence and interference with this Planet’s history of evolution or in some cases destruction. Nobody told us that Jesus Christ as an intelligence field was actually Extraterrestial in Origin. That all of Us are Extraterrestial in Origin. These are the revelations forthcoming in the Galactic Consciousness Cycle, underway at this time. Possibly the riddle of the Sphinx will begin to be solved this year….

Right (Aligned) Thinking

Most of us completely misunderstand what we “see” or interpret as the reality. These frequency activations increase the perception of amplified polarity, which when misunderstood creates a misperception of “right” or “wrong”. This is erroneous thinking stemming from the judgment of the 3D ego intelligence programs. This creates mental suffering and amplifies the pain body, otherwise known as the Astral Emotional Body. Suffering and pain will be relieved as soon as you begin to practice unconditional love and acceptance (forgiveness) of all circumstances.

One cannot be effective in sustaining the Inner Source Light and thus expressing the “Truth Vibration” unless this “spiritual test” is mastered. The Mental Bodyand the Pain Body (The Self Image) will keep getting in the way of the true Essence. The Mental Body and (Astral) Pain body create glamorized and selfish thinking and generally will keep you in the same repetitive patterns — destined to repeat them like a dog chasing its tail over and over. To break the destructive patterns one must break through into “right thinking”.

Another way to say this is to dedicate yourself to upgrade your thought processes to a higher octave resonance in your mental bodyThis is what it means to leave the 3D mental body (Solar Plexus Intelligence) as a fixed state of identity perception.

Over the past few months the firm message from the Guardians is that humanity has two years to leave the 3D mental body and its way of thinking. If not the amplified polarity will bring that group incredible suffering, not as punishment from an unseen God, but the planetary energies will simply not support this way of thinking any longer without drastic consequence. This is what it means to “leave” the 3D mental body or Solar Plexus station of Identity and move to a higher pattern. Open the mind locks by clearing fear programs and be open and flexible to change and new ideas. (This has been discussed in detail in the ES community ongoing and over the past 4 months newsletters and Monthly Teleclasses. It is highly suggested to study Ascension Class One which is available in the web community or the ES Shop. Go to the website to read all the articles in order since November 2009)

The Truth Vibration is expressed when the Core God Essence Illuminates throughout the Body and emanates outwardly. As the Aura grows in the power of its Eternal Essence, the sphere of influence upon the external environment also grows. The entire environment is re-harmonized through the power of this Living Light Source.

Personal Aspiration Vs. Divine Inspiration

Also it is important to understand the power of seduction through personal charisma, as it’s often projected from people and this is a completely different force then the Truth Vibration. Seduction, charisma, is a second chakra force, and stems from the lower astral body intelligence. It is entirely possible to discern this energy when you understand where it’s sourcing from. This force is one of the most important controlled forces that limit humanity’s freedom and increase suffering in a myriad of ways.

Over the course of history we have seen many charismatic spiritual leaders/healers misinterpret impulses of Personal Aspiration as Divine Inspiration. This is stemming from misaligned thinking and its perceptions made by the distorted ego consciousness. That is why a consciousness model describing the levels of intelligence are critical to one attempting to master their thought impulses. Without this mastery, especially if a public person, one is destined to fall as the ego will place a ceiling on expanded spiritual growth.Personal Aspiration is stemming from the Ego 3D intelligence of “personal will”. It is a large part driving the New Age phenomena, such as products that encourage manifestation of personal desires through physical objects. Divine Inspiration is divine will and not a superimposition of your will on another. It always allows sovereignty and defers all choice back to the individual.

That means manipulation marketing, sales pressure and deception are not aligned to divine inspiration. One must walk their walk and align themselves to be congruent with what they outwardly “represent”. (Not an easy job to figure out so have compassion for the courage it takes to do so) This is why cultivating personal discernment through accepting personal choices as completely your responsibility is key to avoid this spiritual initiation “pitfall”. Or to use these experiences as learning opportunities to heal, transcend and evolve to a higher octave of intelligence. We are ALL learning and it is a tool for compassionate communication if you remember this in your interactions with others.

Additionally the 2nd Chakra is the desire body or instinctual body program, that when left unchecked and undisciplined, develops addiction programs. This is why “Right Thinking” is crucial.  Addiction program means that the identity is dependent on an action or belief (and in some cases, controlled substances) in order to relieve a perception of anxiety or perceived emotional pressure to reinforce that identity. When an action defines you and you must repeat it continually to reinforce your identity, you are in danger of creating and perpetuating addiction programs. When engaged in these behaviors to the point of self destruction, this invites many layers of astral and parasitic entities that start to destroy the Aura and etheric bodies.  Your body then as it weakens, will need an energetic source and will generally become emotionally vampiric to those around you. If you continually refuse to command your space and be in your personal power, you will experience vampiric behavior to the point it breaks down your Aura. Once the Aura is sick, the body becomes sick and I am sure you can follow the linear progression. That is why it’s critical to use spiritual housecleaning, like the 12 D shield to support and strengthen you lightbody as well as build energetic discernment to that which supports and enhances your personal inner God Power and sovereignty.

God Is The Architect of Cycles

If you learn to comprehend the patterns of creation, such as the energy architecture and the identity archetypes that spiritual forces utilize in order to embody into physical matter, you will be freed of the confusion and the delusion that you ( as the ego mind) are in control of this reality. (The Mathematical Music that is the blueprint of our holographic reality structure which in turn is the Natural Laws of God) That in itself creates a full release from suffering as you are able to relate to the external world without projecting your personal need. Our desire to achieve right thinking in order to be aligned to our inner spiritual source is a requirement to be released of the suffering layers of the mental body and its pain body. It is the mental body that produces the suffering and pain. Therefore control your thoughts and devote them to right alignment to your Source and you will ultimately be freed of pain.

In the cycle of the Harmonic Convergence to Divergence (1987-2007) the main focus of the evolutionary “wayshower” was to bring fundamental and basic understandings of our spiritual-energetic nature to pave the way for the Ascension process of humanity. Information was sugar spoon fed to us, so we would not psychologically shatter, which is an important key to our evolution process. The mind control in this reality has become so severe, that the mental body of the human being is extremely fragile and prone to fragmentation.  If we are too fixed in our mental ideas of reality, a new paradigm of thinking can be extremely destructive to that consciousness without proper tempering or evolution tools. This planet has been under siege with mental controls which have resulted in many human beings on our planet enforcing themselves militantly upon others into controlled limiting behaviors that are socially accepted. In some cases if you follow the format you are rewarded materially but raped spiritually. The source of conflict has been waged between the mind and the soul, and this has created incredible emotional damage and wounding to the group human soul. The pain and damage resulting from this as a consequence to these actions are beyond expression.

Mastery of Pain Body in Spiritual Development

Not too many Teachers tell us of the pain involved in the spiritual healing process. We have become a society of pain avoidance and denial of fears. The mastery over the pain body is a direct reflection of the level of spiritual maturity achieved within a being. However the only way to heal, rehabilitate this emotional damage that creates pain is to have the courage to face it without judgment. It also requires that one have an accurate assessment of this reality so one can live in the world and not be impacted by it negatively. This is the path of the Polarity Integrator. What we hide from ourselves ultimately hurts us, and we cannot indulge in negative escapism any longer by perpetuating denial that this pain exists. This is not about one of us, or an elite group of us, it’s about All of Us on this planet. Even if you are personally living your Nirvana, the seven billion others on this planet are not, in fact they are quite deprived of their personal freedoms to live abundantly connected to their source. The next time you hear someone saying polarity does not exist and is meaning-less, remember to look at the global landscape. It is not meaningless to the millions that are in suffering still on this planet at the hands of those that seek to perpetuate it as an enslavement tool. It is not wise to fight the system externally, it is not wise to fight or resist anything at all. The point of power is and always will be neutrality. (no emotional charge with the ability to access accurately and “observe” what energetically is transpiring) The change begins within us through increased consciousness, and as such as we change ourselves from the inside to be holders of love and peace, and devote ourselves to service, we will live to witness miracles on this planet. This is the hard work and commitment the Lightworker, The Evolutionary Wayshower, The Indigo and Star Beings are working together in collaboration to build and bridge these new systems for humanity. Have Respect and Reverence for All Roles that Build the Bridge to One. Dedicate yourself to spiritual practice daily to fortify your body and inner connection in order to have mastery over your pain body. We need each other more than ever now!

Briefing on Astral Gate

We are undergoing major changes in the structure of the Collective Human Emotional Body on this planet, otherwise known as the Astral Body. The main axis opening of this planetary consciousness field is in the area of Giza, Egypt. Because of many cataclysmic and devastating memories for all of humanity that are held in the timelines of this area of the planet, this area from this year onward has an opportunity to heal, resolve and literally erase that which has kept humanity in the dark, suffering from unknowingness, for eons of time.  Many of us have been waiting for this timeline, (The End of the Dark Aeon) and it will take the courage and heart of the Great White Lion (Sphinx) to uncover these mysteries of ourselves. This will be year like a pilgrimage to return to this part of our Galactic history, and many of us will be retrieving and re-living the memories of what happened in the Egyptian timelines. We must see what has been hidden. We will become more aware of the pathway of Spiritual Initiation (Ascension), and traversing the dimensional doorways into higher octave gateways (The Eye of RA and The Eye of Horus) that lead to the realms of the Blessed Ones. (The He-Ru as One) If this is your role, do not fear, it is a path that is necessary. We (as a race) will have to face what has been hidden from humanity for centuries,  as this is the time of

The Rite of Passage.http://en.wikipedia .org/wiki/ Rite_of_passage

As we go forward on this path, know you have a family that loves you, appreciates you, and protects you. Never give up and persist in your connection and devotion to serve God Source in the way that feels aligned for you, that’s all you will ever need, no matter what it looks like externally. As we continue this year’s Adventures, stay in the luminosity of your Avatar Heart Path! This year and forward, we should experience more energetic support and connection for our Evolutionary Family more than ever!

Love, Lisa

© 2010, Lisa Renee

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SaLuSa 08.02.2010 A.D

Posted by Admin on February 8, 2010

The Creator provides for your every desire and freewill is your greatest gift, and we know that you will use it wisely.

The days of the dark ones are numbered, but their influence will remain until far reaching changes result in their removal from positions of power. As each week passes the situation is becoming clearer, and our allies prepare for the final moves that will bring about the first announcement. We would love to share more information with you, but it is reaching a critical point where details are best kept secret. We are up against a cunning opposition that will stop at nothing to block our plans, and the least they know about them the better it will be. This is where we have an advantage in knowing what they plan, and can take appropriate action when required. Our hands are only tied inasmuch as you might say, that we play by the rules and there is nothing underhand or illegal in our actions. We have divine orders to ensure you safely reach the end of this cycle, and that all of you who have elected to ascend are able to do so.

Your future is tied in with that of the whole Universe and millions of other souls. It is not going to be held back or delayed by the antics of the dark cabal, and their future will continue in their chosen level of experience. Bear in mind Dear Ones, that there are other Universes that souls can move to it if is beneficial to their evolution. Your progress is not taken lightly and is carefully considered for each soul, and you are guided to experience that offers you the best opportunity to evolve. Whatever you can imagine already exists somewhere in the Cosmos, and there is nothing that you cannot experience to fulfill your desires. The Creator has sent you out to experience, so that through all of you they can be shared and open the way to a greater level of consciousness. You like us are evolving through group consciousness, and it will gradually embrace more and more souls who are recognizing the Oneness of All That Is.

Evolution is quite natural and the desire to do so remains with you forever. It is fun and rewarding, particularly once you graduate to the higher dimensions. Heavenly might be a word that would convey what we mean, but your memories of such times are clouded by the amount of time you have already spent in duality. However, as you are to experience full consciousness as part of the process of Ascension, your memories of past lives in the higher dimensions will return. What is certain is that as you become more enlightened, the idea of Ascension and all it brings will fulfill your dreams of a better way of life. It will provide the happiness and peace you seek, and be fitting for souls that have found their Godself.

Look around you and accept that every soul you see was once like you, a grand Being of Light that existed in the higher dimensions. You have purposefully and knowingly left those dimensions for the benefit of all other souls throughout the Universe. The result of your experiences will help others when required, as there are still civilizations evolving in the lower dimensions that will need them. Even now you can tap into the Mass Consciousness, but it is limited by your present level of consciousness. However, once ascended you will have all knowledge available to you.

You are coming out of the nightmare to live the dream that will in fact become your new reality. You may have had fleeting experiences of true happiness, but it will have been little in comparison to what awaits you. Peace and happiness within and without is absolute bliss, and to be with souls exactly alike in this respect is heavenly. We know because that is how you will find us, as we have long lived in harmony with all life. The Galactic Federation member civilizations have all ascended, and together we are a great force for good serving the Creator.

Start projecting your thoughts into the future, and see if you can capture the feeling of the energy of Love and Light. Those of you who have successfully placed your feet upon the Ascension path will most likely have already experienced it. It is your immediate goal, and as you raise your vibrations you will be spending more time in the Love and Light. We see more people awakening to their true selves, and the more that do so the quicker you will reach critical Mass. Meantime many sources continue to flood your Earth with the Light and the upliftment continues.

The Masters are returning, and some are already incarnate carrying out their work to bring as many souls as possible into the Light. You have your ideas as to who they are, but for the time being they prefer to work unannounced. However, once the major changes are completed, some Masters will return as names in their own right. St. Germain who is so closely connected with your evolution has always come and gone as he pleases, and he will certainly make himself known to you. He has presided over a number of important meetings concerning this period, and his influence has been powerful and brought benefits to you.

Your longing for the changes has grown considerably, and we are pleased that it is understood that they are to lift up everyone on Earth. There is no choosing except by you as individuals, and no one is rejected if they desire Ascension. However, it is not a gift without as you might say, strings attached to it, and you have to apply yourself to the task of preparing yourself for it. Live to your highest understanding of what is required, and be assured that help will come your way. This unique occasion comes but once every so often, and you have not had this opportunity for many thousands of years. The cycles of life are constantly coming and going, and you are being offered a chance to change track from the lower dimension. No one is considered unworthy of the opportunity, but it is up to you to prove that you can lift yourself up.

I am SaLuSa from Sirius, and we know there will be some sadness felt at the prospect of leaving all of your possessions behind, but it is but a small price to pay knowing that your every desire will be fulfilled in the higher dimensions. When you can create exactly what you need for your comfort and happiness, what more would you want. The Creator provides for your every desire and freewill is your greatest gift, and we know that you will use it wisely.

Thank you SaLuSa.

Mike Quinsey.

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The Battle of the Titans: JP Morgan Versus Goldman Sachs

Posted by Admin on February 8, 2010

The Battle of the Titans: JP Morgan Versus Goldman Sachs
Or Why the Market Was Down for 7 Days in a Row
Global Research, January 29, 2010
Web of Debt – 2010-01-28

We are witnessing an epic battle between two banking giants, JPMorgan Chase (Paul Volcker) and Goldman Sachs (Geithner/Summers/Rubin). Left strewn on the battleground could be your pension fund and 401K.

The late Libertarian economist Murray Rothbard wrote that U.S. politics since 1900, when William Jennings Bryan narrowly lost the presidency, has been a struggle between two competing banking giants, the Morgans and the Rockefellers. The parties would sometimes change hands, but the puppeteers pulling the strings were always one of these two big-money players. No popular third party candidate had a real chance at winning, because the bankers had the exclusive power to create the national money supply and therefore held the winning cards.

In 2000, the Rockefellers and the Morgans joined forces, when JPMorgan and Chase Manhattan merged to become JPMorgan Chase Co. Today the battling banking titans are JPMorgan Chase and Goldman Sachs, an investment bank that gained notoriety for its speculative practices in the 1920s. In 1928, it launched the Goldman Sachs Trading Corp., a closed-end fund similar to a Ponzi scheme. The fund failed in the stock market crash of 1929, marring the firm’s reputation for years afterwards. Former Treasury Secretaries Henry Paulson, Robert Rubin, and Larry Summers all came from Goldman, and current Treasury Secretary Timothy Geithner rose through the ranks of government as a Summers/Rubin protégé. One commentator called the U.S. Treasury “Goldman Sachs South.”

Goldman’s superpower status comes from something more than just access to the money spigots of the banking system. It actually has the ability to manipulate markets. Formerly just an investment bank, in 2008 Goldman magically transformed into a bank holding company. That gave it access to the Federal Reserve’s lending window; but at the same time it remained an investment bank, aggressively speculating in the markets.  The upshot was that it can now borrow massive amounts of money at virtually 0% interest, and it can use this money not only to speculate for its own account but to bend markets to its will.

But Goldman Sachs has been caught in this blatant market manipulation so often that the JPMorgan faction of the banking empire has finally had enough. The voters too have evidently had enough, as demonstrated in the recent upset in Massachusetts that threw the late Senator Ted Kennedy’s Democratic seat to a Republican. That pivotal loss gave Paul Volcker, chairman of President Obama’s newly formed Economic Recovery Advisory Board, an opportunity to step up to the plate with some proposals for serious banking reform. Unlike the string of Treasury Secretaries who came to the government through the revolving door of Goldman Sachs, former Federal Reserve Chairman Volcker came up through Chase Manhattan Bank, where he was vice president before joining the Treasury. On January 27, market commentator Bob Chapmanwrote in his weekly investment newsletter The International Forecaster:

“A split has occurred between the paper forces of Goldman Sachs and JP Morgan Chase. Mr. Volcker represents Morgan interests. Both sides are Illuminists, but the Morgan side is tired of Goldman’s greed and arrogance. . . . Not that JP Morgan Chase was blameless, they did their looting and damage to the system as well, but not in the high handed arrogant way the others did. The recall of Volcker is an attempt to reverse the damage as much as possible. That means the influence of Geithner, Summers, Rubin, et al will be put on the back shelf at least for now, as will be the Goldman influence. It will be slowly and subtly phased out. . . . Washington needs a new face on Wall Street, not that of a criminal syndicate.”

Goldman’s crimes, says Chapman, were that it “got caught stealing. First in naked shorts, then front-running the market, both of which they are still doing, as the SEC looks the other way, and then selling MBS-CDOs to their best clients and simultaneously shorting them.”

Volcker’s proposal would rein in these abuses, either by ending the risky “proprietary trading” (trading for their own accounts) engaged in by the too-big-to-fail banks, or by forcing them to downsize by selling off those portions of their businesses engaging in it. Until recently, President Obama has declined to support Volcker’s plan, but on January 21 he finally endorsed it.

The immediate reaction of the market was to drop – and drop, day after day. At least, that appeared to be the reaction of “the market.” Financial analyst Max Keiser suggests a more sinister possibility. Goldman, which has the power to manipulate markets with its high-speed program trades, may be engaging in a Mexican standoff. The veiled threat is, “Back off on the banking reforms, or stand by and watch us continue to crash your markets.” The same manipulations were evident in the bank bailout forced on Congress by Treasury Secretary Hank Paulson in September 2008.

In Keiser’s January 23 broadcast with co-host Stacy Herbert, he explains how Goldman’s manipulations are done. Keiser is a fast talker, so this transcription is not verbatim, but it is close. He says:

“High frequency trading accounts for 70% of trading on the New York Stock Exchange. Ordinarily, a buyer and a seller show up on the floor, and a specialist determines the price of a trade that would satisfy buyer and seller, and that’s the market price. If there are too many sellers and not enough buyers, the specialist lowers the price. High frequency trading as conducted by Goldman means that before the specialist buys and sells and makes that market, Goldman will electronically flood the specialist with thousands and thousands of trades to totally disrupt that process and essentially commandeer that process, for the benefit of siphoning off nickels and dimes for themselves. Not only are they siphoning cash from the New York Stock Exchange but they are also manipulating prices. What I see as a possibility is that next week, if the bankers on Wall Street decide they don’t want to be reformed in any way, they simply set the high frequency trading algorithm to sell, creating a huge negative bias for the direction of stocks. And they’ll basically crash the market, and it will be a standoff.  The market was down three days in a row, which it hasn’t been since last summer. It’s a game of chicken, till Obama says, ‘Okay, maybe we need to rethink this.’”

But the President hasn’t knuckled under yet. In his State of the Union address on January 27, he did not dwell long on the issue of bank reform, but he held to his position. He said:

“We can’t allow financial institutions, including those that take your deposits, to take risks that threaten the whole economy. The House has already passed financial reform with many of these changes. And the lobbyists are already trying to kill it. Well, we cannot let them win this fight. And if the bill that ends up on my desk does not meet the test of real reform, I will send it back.”

What this “real reform” would look like was left to conjecture, but Bob Chapman fills in some blanks and suggests what might be needed for an effective overhaul:

“The attempt will be to bring the financial system back to brass tacks. . . . That would include little or no MBS and CDOs, the regulation of derivatives and hedge funds and the end of massive market manipulation, both by Treasury, Fed and Wall Street players. Congress has to end the ‘President’s Working Group on Financial Markets,’ or at least limit its use to real emergencies. . . . The Glass-Steagall Act should be reintroduced into the system and lobbying and campaign contributions should end. . . . No more politics in lending and banks should be limited to a lending ratio of 10 to 1. . . . It is bad enough they have the leverage that they have. State banks such as North Dakota’s are a better idea.”

On January 28, the predictable reaction of “the market” was to fall for the seventh straight day. The battle of the Titans was on.

Ellen Brown developed her research skills as an attorney practicing civil litigation in Los Angeles. In Web of Debt, her latest book, she turns those skills to an analysis of the Federal Reserve and “the money trust.” She shows how this private cartel has usurped the power to create money from the people themselves, and how we the people can get it back. Her eleven books include Forbidden MedicineNature’s Pharmacy (co-authored with Dr. Lynne Walker), and The Key to Ultimate Health (co-authored with Dr. Richard Hansen). Her websites are www.webofdebt.comwww.ellenbrown.com, and www.public-banking.com.

Ellen Brown is a frequent contributor to Global Research. Global Research Articles by Ellen Brown

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US MILITARY: A Mindset of Barbarism

Posted by Admin on February 8, 2010

The US Military: A Mindset of Barbarism, Part 2

by: Dahr Jamail, t r u t h o u t | Interview

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Uncontrolled

Yesterday, Truthout ran the first part of an interview with Dr. Stjepan Mestrovic, a Professor of Sociology at Texas A&M University who has written three books on US misconduct in Iraq: “The Trials of Abu Ghraib: An Expert Witness Account of Shame and Honor,” “Rules of Engagement?: Operation Iron Triangle, Iraq” and “The ‘Good Soldier’ on Trial: A Sociological Study of Misconduct by the US Military Pertaining to Operation Iron Triangle, Iraq.” He has three degrees from Harvard University, including a Master’s degree in clinical psychology, and has been an expert witness in psychology and sociology at several Article 32 hearings, courts-martial and clemency hearings involving US soldiers accused of committing crimes of war in Iraq, including the trials of prison guards involved in the Abu Ghraib scandal.

Dr. Mestrovic’s books meticulously document how the US Army, as an institution, has become dysfunctional, and how illegal rules of engagement (ROE) are issued by officers and politicians at the top of the Army’s hierarchy, but only low-ranking soldiers are punished for carrying out those same rules and orders. As an example, in one of the several hearings Dr. Mestrovic has attended as an expert witness, US soldiers openly admitted they had shot a 75-year-old man who had emerged unarmed from his house, but because the soldiers were following the rule to shoot all “military aged males,” neither they nor their officers were charged for that death.

In the second part of his interview with Truthout, Dr. Mestrovic examines the fallacious nature of the rules of engagement, Operation Iron Triangle in Iraq, the rampant nature of atrocities in the US military today, and the possibility of a solution. In Operation Iron Triangle, Iraqi detainees were murdered by US soldiers under the command of a legendary American colonel, Michael Steele. On May 9, 2006, American soldiers executed three unarmed men they had captured in an operation in the so-called Sunni Triangle in Iraq. Several of these soldiers were court-martialed and imprisoned, but some within the military say that responsibility ultimately lies with Colonel Steele.)

Truthout: What are your thoughts about the “Rules of Engagement?” How are these brought into being? Are they truly expected to work in the field? Given that they are clearly not working, why is that?

Dr. Mestrovic:There is insufficient information to answer the first question at the present time. The creation and actual wording of the written ROE are shrouded in secrecy. At the courts-martial of the accused soldiers in the Operation Iron Triangle killings, the government forbade the introduction of the actual, written ROE into testimony. It only allowed verbal testimony as to what the soldiers heard as to the ROE. The soldiers testified that the order was “to kill every military-aged male.” The brigade commander who apparently issued the order, Col. Michael D. Steele, refused and still refuses to testify and to be cross-examined, so that the question you are asking may never be answered. Presumably, he would know how the ROE are and were brought into being.

Are these ROE expected to work in the field? Again, there does not exist sufficient public information as to what commanders and Pentagon officials believe with regard to this and similar ROE in theory. But I can give you an answer that is concrete and specific to this case. On November 5, 2009, Col. Nathaniel Johnson testified at William Hunsaker’s clemency hearing in Alexandria, Virginia. Hunsaker is one of the convicted soldiers from the Operation Iron Triangle case. Colonel Johnson was one of Colonel Steele’s battalion commanders, and was the “convening authority” who sets the courts-martial into motion. I was an eyewitness to Colonel Johnson’s mesmerizing testimony. He testified that Colonel Steele had created a “toxic command climate” by constantly threatening to remove any of his subordinates, from battalion commanders to first sergeants, who disagreed or questioned his orders. Johnson gave the example that when Steele told the soldiers, “We do not give warning shots,” he would tell his men, “We do give warning shots.” These simmering discrepancies and discontent among the commanders clearly confused the soldiers.

Obviously, in the field, the soldiers encounter many problems in carrying out this ROE. What if the alleged target is holding a child or hiding behind women? In fact, such tactics are so common among the targets that the Army refers to them as a “tactical training point,” namely, that insurgents use human shields to avoid being killed. What should a soldier do in that situation? Do they give warning shots? Do they shoot to wound? Do they take prisoners? Do they carry out the order regardless of consequences? Common sense suggests that the soldier cannot be expected to act as a legal scholar in the heat of battle and debate or discuss what he should do. It is an open question how often situations like this arise in combat. But what I do know is that Colonel Johnson testified that the soldiers were confused, and he recommended that Hunsaker’s sentence be reduced to time served and upgraded to a general discharge so that he could use VA benefits to get treated for PTSD. The clemency board ignored his recommendation and offered no clemency or explanation.

These ROE do not work for the straightforward reason that the “targets” are not abstractions but are human beings who associate with women, children and civilians who are not targets. Therefore, one can rarely “take out the target” without also “taking out” innocent civilians. Moreover, the targets are pre-designated based upon “intelligence.” But in all the cases on which I have worked, I have found that the so-called intelligence was grossly inaccurate. In the Abu Ghraib cases, the government now admits that 90 percent of the detainees were not terrorists or insurgents and were not a threat to Americans. In the Operation Iron Triangle case, the government never determined whether the “targets” were real “bad guys” or just innocent farmers. Who are these secret “sources” that have the power to pre-designate targets for execution? Next to nothing is known about them or the process of using such “intelligence.” What is clear is that the local populations in Iraq and Afghanistan come to hate Americans when innocents are killed by mistake on missions of this sort.

But again, the Army is not a democratic society, so I do not foresee seminars, discussions or public airing of these important issues. These issues are covered up for the most part, and emerge – only partially – through the window into Army society that is offered through the court-martial process. On the other hand, the US is a democratic society and the public has a right to know the ROE that are being carried out in its name.

Truthout: What did you find in your research about Operation Iron Triangle that led to that atrocity?

Dr. Mestrovic: Well, that’s the problem: the killings were apparently routine and were not regarded as an atrocity. Soldiers told me that they were routinely sent out on missions to kill designated “targets.” Their graphic descriptions included finding a shopkeeper and killing him in front of his wife and children. The court transcripts also refer to testimony of “kill-kill” orders, which apparently mean that the target does not have the option to surrender (which would be a “kill-capture” order). In effect, a lot of the missions seem to amount to the “execution squads” that Vice President Cheney mentioned while he was in office. So, in the eyes of the Army, government and soldiers, missions of this sort were not considered “atrocities.”

What made this one episode of Operation Iron Triangle different does not seem to lie in the acts that were committed. As court documents show, at the same time that these particular soldiers who went to prison were carrying out their mission, a different platoon was carrying out a similar mission on another part of the island. The platoon leader, Lieutenant Horne, is quoted as ordering his soldiers, “Kill them all.” Nobody was prosecuted for any of these other killings on the mission.

So the question becomes, why were Hunsaker, Clagett and Girouard prosecuted and sent to prison? Part of the answer lies in the prosecutor’s opening and closing statements. Apparently, the Army wants to send a “message” to the world that it is better than the enemy. And it seems that one way it does this is to periodically send some of its soldiers to prison as a way of making the statement that it does not tolerate war crimes, even though the routine kill-kill orders may be construed as being war crimes. In other words, this particular case, and some related murder cases, appear to be politically motivated, and the soldiers who are picked for prosecution appear to be random, and are definitely treated as expendable by the Army.

In a similar case of killings that CNN dubbed the “Baghdad Canal Killings,” (hyperlink “Baghdad Canal Killings” with HYPERLINK “http://www.cnn.com/2009/US/11/17/army.tapes.canal.killings/index.html” http://www.cnn.com/2009/US/11/17/army.tapes.canal.killings/index.html) it is well-known that the entire platoon participated in the killings, although only three were prosecuted. One of the soldiers, Joshua Hartson, admitted to CNN that he thinks he should have been sent to prison as well, but instead, the government granted immunity from prosecution to him and some of his comrades to testify against the soldiers who were chosen for prosecution.

It is important to note that in all these cases, scores of “atrocities” are included in the court records but were never prosecuted. The real atrocities at Abu Ghraib occurred in the interrogation rooms at the hands of intelligence personnel, and some detainees were murdered, but the government went out of its way to exclude these events from the courts-martial. In every case I have studied, sworn statements report scores of atrocities similar to the ones prosecuted, but again, all references to these other events are excluded from evidence. There appears to be a definite, politically motivated, “social construction” of reality to issues pertaining to how acts are defined, prosecuted or ignored as “atrocities” and war crimes.

Truthout: How rampant do you believe instances like this are, in both Iraq and Afghanistan?

Dr. Mestrovic: Even though no one has access to the secret ROE or the secret ways in which they are devised, it is clear that ROE similar to the ones used at Operation Iron Triangle are still being used, including in Afghanistan. Numerous news stories report that the government is currently using drones to kill pre-designated human targets in Afghanistan and Pakistan based upon “intelligence.” These news stories also routinely report that women, children, and civilians are often killed in the process. The mechanical drones are used exactly the same way as human soldiers are used: to carry out the same ROE that applied to Operation Iron Triangle. Incidentally, news stories suggest that the drone operators who execute these missions while sitting in remote control areas in the US are developing PTSD rates faster than the soldiers who actually engage in battle.

It seems to be the case that we are supposed to be mesmerized by the “postmodern” technology that leads to the use of “simulacra” soldiers and missions. The “target” becomes an image on a screen. But real human beings are carrying out the same ROE, whether in face-to-face confrontations or “simulacra” remote control engagements. And the human toll on both the soldiers and the civilian populations is not “simulacra,” but is very real.

Truthout: What would need to happen in the Army in order for soldiers to behave more along the lines of international law whilst abroad?

Dr. Mestrovic: The most important thing would be for the government to decide to adhere to international law, and the soldiers would follow orders. In any case, the low-ranking soldiers always follow orders. It really comes down to following the letter as well as the spirit of the Nuremberg Principles. In his opening remarks at the Nuremberg Trials, chief US prosecutor Robert Jackson said: “The common sense of mankind demands that law shall not stop with the punishment of petty crimes by little people. It must reach men who possess themselves of great power and make deliberate and concerted use of it to set in motion evils which leave no home in the world untouched.” I put emphasis on Jackson’s phrase, “common sense.” Even though he was a lawyer, he did not refer to the law, which often uses law-speak to justify such crimes. He referred to “common sense,” which resonates with usages of this term by pragmatist philosophers (William James, John Dewey, George Herbert Mead). In other words, everyone knows that it is wrong to kill people who do not show an active hostile intent, no matter how one justifies such acts legally. The “little people” to whom Jackson refers are, in this case, the low-ranking soldiers who were sent to Fort Leavenworth for carrying out the orders of many civilian and military commanders above them in the chain of command. It is a fact that not a single commissioned officer has ever been prosecuted for all the war crimes in the current war, from Abu Ghraib to Operation Iron Triangle. In a complete reversal of Nuremberg Principles, the government prosecutes and imprisons only the “little people” or low-ranking soldiers.

Jackson also specifically referred to the “men of station and rank who do not soil their own hands with blood” as the ones who should be prosecuted for war crimes. I do not foresee a day when the US will prosecute its colonels, generals or high-ranking civilian officials for establishing the policies and ROE that result in atrocities. There is simply no precedent for such a move in the US in the past century. The last time the US prosecuted a high-ranking officer for atrocities committed by his soldiers was in 1860, when it hung the commander of the infamous Andersonville Prison, in which Union soldiers were systematically exterminated by Confederate soldiers. But in other similar historical incidents, the government went out of its way to protect its “men of station and rank.” For example, the Biscari Massacre of 1943 was most likely the result of Gen. George Patton’s speech in which he told his soldiers to take no prisoners and to show no mercy. (In fact, General Patton’s and Colonel Steele’s speeches to their troops are very similar.) But Patton was not indicted, while a Sergeant West was given a life sentence and a Captain Compton was acquitted on the grounds that he was following Patton’s orders. Similarly, many historians believe that Lieutenant Calley was made to be a scapegoat for the “search and destroy” policies that led to My Lai.

In general, and despite its democratic base, the US does not resort to the established doctrine of command responsibility to prosecute “men of station and rank” whose orders result in atrocities. Again, this is not merely a military or legal issue, but a wider, cultural issue. In the recent Wall Street meltdown, the “robber barons” (as Thorstein Veblen called them) who caused the current economic crisis have escaped responsibility, and are rewarding themselves with bonuses. Meanwhile, many average Americans are losing homes, businesses and futures due to the errors in judgment made by the robber barons. The government bailed out the Wall Street firms, but not the average American in economic trouble. A similar principle seems to operate in today’s Army. Colonel Steele, whose ROE resulted in the Operation Iron Triangle tragedy, will no doubt retire with all his benefits intact. Meanwhile, the low-ranking soldiers who carried out his orders are languishing in prison. This American, cultural discrepancy between elitism and democracy has already been explored by sociologists such as C. Wright Mills in “The Power Elite and White Collar.” But without some great cultural awakening, it does not seem that this strange feature of American culture will change anytime soon.

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False Profits…

Posted by Admin on February 8, 2010

False Profits

Sunday 07 February 2010

by: Leslie Thatcher, t r u t h o u t | Book Review

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The Neo-Cons

False Profits: Recovering From the Bubble Economy

By Dean Baker

PoliPoint Press, 2010

He who feels punctured must once have been a bubble.

– Lao Tzu, Tao Te Ching, 6th century BCE

As the nation struggled to recover from the worst economic downturn since the Great Depression, the people who got us here are desperately working to rewrite history. The basic story of this economic collapse is very simple. The Federal Reserve Board, guided by its revered chairman, Alan Greenspan, allowed an $8 trillion housing bubble to grow unchecked.

– Dean Baker’s “False Profits”

The delicious double-entendre of Dean Baker’s most recent title is enhanced by the book’s cover photo of a trio of false prophets, Ben Bernanke, Alan Greenspan and Henry (Hank) Paulson, all of whom are thoroughly excoriated within the book’s pages for their responsibility in feeding, prolonging, misdiagnosing and incorrectly responding to the 2007-2009 financial meltdown and the associated economic collapse. However, the book also chronicles the loss of $8 trillion of housing “wealth,” $1.4 trillion in annual demand, whatever financial security the vast majority of baby-boomers ever had, “increases” in homeownership rates and any other widespread economic gains associated to the post-2000 period. Truthout has published Dean Baker’s columns about net job losses for 2000-2010, a decade that also saw a 26 percent drop in the stock market, the elimination of the $236 billion federal budget surplus President Bush inherited and its transformation into a record deficit and the overall deliquescence of any societal and most people’s personal economic “profits.”

While most of us find ourselves economically worse off after the last ten years, some have done extremely well and most of those who bear the burden of responsibility for the American economic catastrophe have suffered no consequences whatsoever: financial, social or professional. Writing about Bernanke specifically, Baker’s remarks are equally apposite to other titans of finance, central banking and the financial regulatory regimes:

It would difficult to imagine someone with a comparable record of disastrous failures being allowed to remain in most jobs. Would a nurse who routinely administers the wrong medicine and causes his patients to die be allowed to keep his job? Would a bank teller who leaves the cash drawer open remain in her position? How about the school bus driver who comes drunk to work?

In most lines of work, a certain level of competence is expected. Unfortunately, this is not the case for those who set US economic policy.

Baker places the burden of blame on regulators and the political establishment because they utterly perverted their mission:

Progressives do conservatives’ bidding when we denounce them as “market fundamentalists.” We should, instead, be exposing their use of government to set up structures that ensure the market works to benefit the wealthy. We could then bring our policies into focus as those designed to ensure that market outcomes will benefit the bulk of the population.

The market is just a tool, like a wheel or a hammer. It would be bad politics and bad policy for progressives to make a big scene attacking the wheel. It is similarly bad politics and bad policy to put these attacks on the market at the center of a political agenda.

Baker never attacks the wheel; instead he demonstrates how it was deliberately allowed to run wild. As Baker himself warned as early as summer 2002, all indicators pointed to the rise in housing prices as a classic bubble, divorced from any tether in reality, yet the regulators, media and most mainstream economists kept pumping hot air into that bubble. Further, Dean Baker exposes the pathetic excuses that the regulators did not have the necessary tools to put on the brakes for the self-serving and specious rationalizations they are. Ever debunking the myth that somehow it was the “free” market at work, he relentlessly exposes how regulation, regulatory bodies and the public officials charged with supervising the financial industry have used their power to favor a narrow swathe of private interests over the public good. And, as always, Baker highlights what alternatives were and are available to turn that equation around. Baker’s relentless exposé of what is actually subsidized and who profits from specific policies, how wealth is transferred and how all this activity is disguised fuels his narrative with “true prophet” power.

“False Profits” combines impeccable scholarship – assembling an array of relevant facts and data totally accessible to non-economists – with Baker’s acerbic, but unforced, wit and verve. His iconoclasm constantly renews its sources and consistently targets those “false prophets” in all sectors who contribute to misleading the American people. Baker is the journalists’ economist, the reality-based economist: whatever other case he may be making, he invariably demonstrates why correct and timely information and clear understanding are essential to economic problem-solving, as well as how “fudges” harm everyone.

The book’s structure begins by a backward look, an analysis of precisely how we reached the present situation and what our present situation actually is (in chapters, “Economic Collapse: It Is Their Fault,” “Surveying the Damage” and “The Terrible Tale of the TARP”), then pivots on an exposition of why correct diagnosis and analysis are so crucial (“Will They Ever Discover the Housing Bubble?”), develops the case he has presented with three chapters of prescription (“Stimulus: It Is Just Spending,” “Real Stimulus: Programs to Boost the Economy” and “Reforming the Financial System”) and concludes with a resounding final call for accountability (“Remember the Housing Bubble”).

Unfortunately, recent events – the absence of any effective policy to slow down foreclosures; the most probably ineffective and unquestionably inadequate stimulus measures in the just-presented budget; financial services regulatory proposals that do not address the causes for regulatory failure – suggest that the present administration is only slightly more willing to learn from Dean Baker’s acute analyses than was its predecessor. And Ben Bernanke’s reconfirmation as Fed chairman is just the most recent and flagrant sign that the administration has no intention of investigating, let alone punishing, the regulatory – and individual regulators’ – blunders that led to the present pass.

Economics is a science of human behavior. It rests on the observation that people respond to incentives. Consequently, Baker’s apparently political argument that there must be consequences for the failures of judgment and action that resulted in the economic meltdown is a quintessentially economic one. With no disincentives for failure and the ever-present incentives for complicity offered by the industry that has captured them, regulators will continue to fail the whipping boy who pays for their transgressions – us.

1. Dean Baker, “False Profits,” p.5.

2. OpCit. p.9.

3. Read the book for the argument, but the unequivocal conclusion is, “The regulators – first and foremost the Fed – had all the tools necessary to combat the bubble. They chose not to.” (p.153)

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This work by Truthout is licensed under a Creative Commons Attribution-Noncommercial 3.0 United States License.

Leslie Thatcher is Truthout’s French Language Editor and sometime book reviewer.

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True Love by Kryon

Posted by Admin on February 8, 2010

True Love

David Brown

A message from Kryon channeled by David Brown

Tuesday, 26 January, 2010  (posted 6 February, 2010)

Greetings Dear Ones for I AM KRYON of Magnetic Service.

It is wonderful to be with you once again, for much has changed since we last did a channelling for you and there are a great many more changes in the air; for love and the planet earth now is a serious proposition. There are many changes coming and many new energies coming, and you will be releasing many energies that no longer serve you. You will be stepping closer and closer with each day that goes by in South Africa, not to 2010 and the World cup soccer, but to a new age beginning in 2012. A new age that is based in the energies of love.

There will be powerful hierarchies that begin, and have already begun, to collapse. You can see that in the global banking system, ethics are being called for and ethics will begin to happen. The bankers are here to serve the population by allowing money to flow to where it should flow, and their pockets are partly included in this equation but not to the degree that they think it should. Slowly but surely the governments of the world will begin to contain these men that are living this path of high adventure and not allowing the money and the love from flowing to those who generate it. Where energy is put into some-one’s life then that energy must be received. If for some reason this energy is flowing to where it should not be, things will change and this will cause suffering, pain and hardship.

Out of this hardship the Phoenix will rise, a new energy will come, and energy that will bring more and more ethics into the world of money and the world of banking. Money is necessary on planet earth, gone are the days of barter. There needs to be a freer and easier flow of love and money to let the Divine work be done, and that divine work belongs to those who created the money in the first place. The engineers, the craftsmen, the men that work with their hands, the men that build society and the men that create a stable loving family life and create a special place on this earth for their women and their children. Of course there needs to be social justice and a social world but the energy and the wealth must be more evenly spread and allowed to flow into the hearts of those who have worked for it.

Dear ones a new world is coming, a more equal and even world where the love does flow into the right places and where love is the answer, the alpha and the omega, for slowly but surely, we’ve said this many times in past channellings, people are coming closer and closer to enlightenment, in numbers never before known. By the year 2012, 144 00 people will be of Christ consciousness, enlightened and perhaps of an even higher consciousness not yet known on this planet. A new world is coming, a new dawn is breaking, new ethical and new loving world is coming. A new hierarchy is coming and a new leadership; call it a new world order. It is not made up of those that are in power at the moment. Some of them will survive this upheaval, for some of them are on the side of the divine and do allow love and consciousness to flow through their families and businesses and through their world. But those hierarchies who are not in divine order will feel the stresses and strains of these new energies flowing through their businesses, lives and families and they will have the choice to step into this new energy or to fight it, just to allow love to flow. Many businesses will begin to disintegrate for as love and true understanding of our human nature and psyche be understood by the masses, the seed is sown within them already, things will change dramatically on this earth.

Manifestation is set to become easier and easier. Just as the trillions of dollars were given to the bankers. Trillions of dollars will flow back to where it needs to flow. Money is being manipulated and stored, and this will no longer be able to happen as time goes by. Money will become like a river flowing. The rains constantly rain on the mountains and streams and rivers always flow. Money will become less and less of an object once ethics flow into the banking system; once working people are not paying so much tax and interest on their loans and when only the right amount of manufacturing is happening. It can no longer be a matter for ego or power. The Divinity must flow through the manufacturing and banking worlds and through all the industrialised world so that who needs gets and who wants gets and those that need certain type of job get that kind of job. The world will not be held to ransom by those who do all the manufacturing and who get all the money. The world can’t be like that anymore. Money will flow where responsibility is taken. The genetics of man is changing, new energies are flowing into man and man is changing, becoming more and more conscious, more and more free, loving and caring. As the 144 000 enlightened men and women come to their consciousness and bring their consciousness to earth, this new consciousness will flow through everybody. People will be like sponges; this will be a 100 monkey scenario. Once the 144 000 bring the new consciousness then you can expect wave after wave after wave of enlightenment to flow through each tribe and each culture that lives on this planet. Each culture will have something special to bring to this earth, they will have a special world to bring, new ideas and new innovations, new ways of power; free power, free energy. This earth plane is full of energy; wherever you look is energy, it’s a flow of energy.

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