Yen, Dollar & Euro Nightmare – Printing Our Way to Global Collapse

Paul Craig Roberts
Wed, Jan 28, 2015
Subject; Top 3 Currency Global Collapse Nightmare

The Whole World Is Staring Down The Barrel Of A Gun As Global Collapse Looms

In the aftermath of last week’s black swan announcement by the Swiss and on the heels of the ECB’s announcement that they are going to inject $1.3 trillion of stimulus into Europe’s beleaguered banking system and bond market, today former U.S. Treasury official, Dr. Paul Craig Roberts, warned King World News that the whole world is staring at the barrel of a gun as global collapse looms.

Eric King: “The ECB just made the announcement that they are planning to inject $1.3 trillion in stimulus into the European banking system and bond markets. What is this really all about?”

Dr. Paul Craig Roberts: “Eric, we now have the yen being printed in vast quantities. The Fed has supposedly stopped printing the U.S. dollar but it really hasn’t because during the period of quantitative easing the banks received $2.6 trillion. All that money is available and will continue to be used to buy bonds. Of course the Fed itself has $4.5 trillion on its balance sheet and as it receives interest payments it will also continue to buy bonds.

So you have quantitative easing in Japan, in the United States, and now we have it once again in Europe. So the three large currencies — yen, dollar, and euro — are being created at an alarming rate….

“The effect of this is that it forces other countries to print money so that their own currencies don’t soar in value relative to the yen, dollar, and euro, which would undermine their export markets and economies. One country has already broken ranks from these insane policies. The Swiss realized that they could not possibly keep the peg intact, so they abandoned that last week in the announcement that shocked the world.

King World News – Roberts 1:22:2015

Whole World Staring Down The Barrel Of A Gun

So we have a situation where the United States, the EU, and Japan have the whole world staring down the barrel of a gun. They are forcing inflation on the entire world. You have to ask yourself: Why do the United States, Japan, and the EU have a right to do this and who benefits? Well, the answer is that the elite benefit from this policy. This a way of further enriching a tiny amount of people at the expense of everybody else in the world. This is all about enriching the elite. That’s all this is about, and the rest of the population in the world is paying for it.”

Terrifying Warning

Eric King: “Today Egon von Greyerz, the man who predicted collapse of the euro against the Swiss franc just 52 days ago, made the frightening prediction of total global collapse. Greyerz said that all of the central banks are bankrupt and that’s why the world’s financial system will not survive and a total global collapse is in front of us — your thoughts on this ominous warning from Greyerz.”

Dr. Roberts: “He is right that we are facing a global collapse. Central banks have paid 100 cents on the dollar for assets that may not even be worth one cent on the dollar. What’s also driving the world to economic collapse is the fact that the central banks are recklessly printing unprecedented amounts of fiat money to keep their global Ponzi scheme going.

Horrific Situation

So you have these unprecedented amounts of fiat paper money hanging over the global economy. This vast amount of paper money has not been matched by real economic production. It’s the implication of that horrific circumstance that will also cause the global collapse.

What would it have meant if Switzerland had continued to hold the currency peg? It would have meant the Swiss would have ended up with a much larger money supply then the entire annual Gross National Product of Switzerland. The implications of that are hard to fathom. It would have meant that there were more Swiss francs in existence than could be used to buy up all the annual goods and service produced by Switzerland.

Mega-Catastrophe To Destroy Average Citizen

And there is a complicity by the elite who are caught up in this unprecedented global money printing scheme. They are all caught up in the corruption. But at some point people will realize this is worse than a Ponzi scheme. They will realize this insane policy has the world headed for collapse.

All of this corruption is overwhelming to sensible people. So the central banks are only serving the interests of the elite and that is where the collapse will come from. There is no connection between the monetary policy in the United States, Europe, and Japan, and the people. In fact, the elite have the entire world headed for a mega-catastrophe that is sure to financially destroy the average person and send the world into total chaos.” ***ALSO JUST RELEASED: Man Who Predicted Collapse Of Euro Against Swiss Franc Makes Second Terrifying Prediction CLICK HERE.


D6, LNG, JPA1, Mazut, BLCO, JP54 Procedures – Vetted Buyers Priority

RJ Hender – Honest Oil Seller
Tue, Jan 27, 2015
Subject; JP54, D2, Mazut Seller Sets Procedures

Below, I am sharing procedures from 4 different Direct to Refinery sources of mine.
The first procedures – for Majors – comes from 1 of my Direct to Refinery friends.

We provide to Majors, with unique procedures… If you have Majors, that you work
with, we can provide them with JP54, JPA1, D2, LNG or other products. Take a look at
our procedures, for Majors, below. We need an LOI and CP to get started.

RE: Requirements for Majors Only the following information is required
from the Buyer(s) who are Majors…
1 – The name of the Procurement Officer; Skype name, Phone no, email address…
2 – The name of their company – Buyer provides CP to Seller…
3 – The name of the company that they are representing
4 – The name of product(s) needed
5 – Quantity NO Bank Reference Letter (BRL) or Bank Creditworthy
Letter (BCL) is required.
6 – Once all information submitted has been verified by the REFINERY then
Buyer’s Banking information will be required.

If your End Buyer can provide his legitimate ICPO and CP then we can provide JP54, D6,
LNG, JPA1, D2, Mazut, BLCO, Bitumen, LPG or other fuel products to you/them. Every
week I run in to more Fake Buyers. It messes oil things up for the rest of us. I would
be glad to assist you in lining up an Oil Conference Call between your Legitimate End
Buyer and my Seller. You can reach me…

I have seen personalities and procedures get in the way of getting the oil transaction
done. As I work with 12 Direct to Refinery sources, I will do my best to match vetted
End Buyers to the right Seller.

This week we had a Spot D6 deal that blew my mind. At $1.32/$1.26 per gallon FOB, it’s
the best D6 offer I have seen in quite a while, from one of my Direct to Refinery sources.
January 24th, 2015
D6 Virgin Fuel Oil
Quantity: 400,000,000 to 800,000,000 Gallon weekly.
Price: Gross $1.32 USD per Gallon Net $1.26 USD per Gallon FOB, Novorossiysk
$1.40 USD Gross per Gallon Net $1.34 per Gallon CIF ASWP
A. Buyer Issues CP +an Irrevocable Corporate Purchase Order (ICPO) and sends it via
electronic mail to the Refinery.
B. Refinery issues the Draft Contract for the Buyer’s signatory. The Draft Contract must be duly endorsed and returned alongside with the Official Letter of Acceptance by the Buyer within 3 working days.
C. Within 24 Hours upon the arrival of the First/Trial Shipment at the Storage Facility/Tank Farm in the designated loading port, the Refinery releases the Partial POP Documents to the Buyer via E-mail;
A. Tank Receipt,
B. Tank Storage Agreement,
C. Analysis Report (Dip Test Result),
D. Commitment to Supply,
E. Commercial Invoice,

Today, one of my Direct to Refinery sources provided me with this offer for JP54.
Remember, it’s the refinery that sets the procedures. Still, every week I run into
Buyers who prefer to dictate procedures and it rarely works out.

CI, Dip & Pay JP54 -$7/-$6 Procedures… Seller Mandate only has time for Real Buyers, so we can line up a Conference Call with your Buyer and the Seller Mandate, but these buyer
documents are required.

This is a first came first serve offer. Russian Aviation Kerosene Colonial Grade JP54

*Quantity: 2,000,000 bbl. lift-able at Rotterdam Term: CI + DIP & Pay after
buyer provide logistic Contract: 5,000,000 per month x 12 months Origin:
Russia Delivery: FOB Rotterdam Payment: MT103/TT Spot Price: DISCOUNT PLATT
Commission: $0.50 seller side (Closed)/ $0.50 buyer side








Recently 1 of my BLCO sources provided me their prices and procedures. Maybe these
-$5 Ghana and -$3 Rotterdam prices and procedures could work for you. No blocked
funds are required. I have seen offers for 10/8 or even 12/10 below platt, but usually
they are completely fake BLCO offers.

BLCO Purchase & Shipment Procedures
1: Seller releases his Sales and Purchase Agreement (SPA) via electronic
mail to the Buyer. Both agree to work on a mutually acceptable procedure.
Upon agreed procedures by both Seller and Buyer, Seller sends final SPA
to be signed by the buyer and to be returned to the seller signed.

2: Buyer signs and seals this agreement, locks in PDF format and forwards
a copy electronically to the seller along with detailed ATB/NOR/ETA
formats and details of Shipping agent at Port of Q&Q for taking-over of
cargo. The electronic copy of this Sales ad Purchase Agreement duly
executed by both parties is legally binding and enforceable. Both parties
deposit copies of the Agreement with their respective banks. Buyer will
include the ATB and ETA format.

3: Seller will secure Provisional Cargo Documents of the loaded vessel &
issue NNPC Authority to sell (ATS)

4: Immediately Buyer confirms ATS & loading documents within 24-48 hrs
Buyer instructs his bank to issue RWA through MT199 to Sellers Bank
stating their capability and readiness to issue MT103 for the
transaction. Seller, after confirmation of RWA through his bank, will
issue a marine ATB & Boarding Clearance to Buyers inspectors to come
on-board for cargo confirmation.

5: Seller issues ATB/NOR/ETA Formats, Buyers inspectors boards and
confirms cargo and disembark with samples for Quality and Quantity
Analysis within 48-72 ours after DIP Test and upon the release and
acceptance of Q&Q report to both parties, Buyer transfers full payment
via MT103 for the total cost of cargo into Sellers Account as per
out-turn basis in accordance with the independent Q&Q report.

6: Seller releases all the original documents to the buyer under buyers
name and vessel is re-chartered by buyer for final voyage to Final Port
of Discharge (CPA payment is made directly to vessel owner and as agreed
upon between the shipping company and the buyer) All documents in final
buyer’s/seller’s name.

7: Seller will arrange safe voyage to international waters.

Already, I have shared with you prices and procedures for JP54, D6 and BLCO, here.
Now, your legitimate ICPO and CP are required by my Direct to Refinery Sources.

Brent Crude prices went up again today. I have no idea whether we have seen the
bottom to oil prices. As oil prices rise and fall, there is no guarantee on oil
prices, but we will do our best to provide discounts to platt rates, for our vetted
End Buyers. Seriously, I am available to assist you.

There are details we need from you, as you are seeking oil products;

End Buyer ICPO and CP documents
Buyer Mandate contact information, as needed
Quantity of oil products you need
Price target of oil products you need
Procedures you prefer CIF, FOB, CI Dip & Pay
Do you have oil tanks or your own oil tankers?
Destination of the fuel
We can only work with Top 25 Buyer Banks…
Contact information… Skype… Phone no… Email…

Here is to a Strong 2015 Oil Year – RJ Hender Proven Absolute Oil Integrity

Obama Watch – Killing Babies & Banning Body Armor Policies

Dave Cleveland –
Tue, Jan 27, 2015
Subject; Obama Watch Where Life Ends

Sheriff’s advice: ‘Toss gun-registration letters in trash’State wants to create digital database of all handgun owners. A sheriff in Fulton County,New York, is taking on that state’s anti-gun establishment by defying an attempt to have legal handgun owners “recertify”
their right to bear arms with the state bureaucracy. Watch video clip of Sheriff Lorey explaining his position

The Obamacare program costs $50,000 in taxpayer money for every American who gets health insurance, says a bombshell budget report. The stunning figure comes from Congressional Budget Office report that revised cost estimates for the next 10 years Government will spend $1.993 TRILLION over a decade and take in $643 BILLION in new taxes, penalties and fees related to Obamacare. The $1.35 trillion net cost will result in ‘between 24 million and 27 million’ fewer Americans being uninsured – a $50,000 price tag per person at best. The law will still leave ‘between 29 million and 31 million’ non elderly Americans without medical insurance. Numbers assume Obamacare insurance exchange enrollment will double between now
and 2025.

Representative Mike Honda(D-CA) has introduced a bill for consideration of the new Congress which would prohibit the ownership of certain types of body armor for civilians.H.R. 378 would make it a crime to own Type III body armor which would be punishable by up to 10 years in prison. Yeah, 10 years in prison.

Justice Department spies on millions of cars: WSJThe Justice Department hasbeen
secretly gathering and storing hundreds of millions of records aboutmotorists in an
effort to build a national database that tracks the movement ofvehicles across the

Iran’s central bank stops US dollar transactions, adopts RMB Iran’s central bank has announced that it will stop mutual settlements in the US dollar with other countries, with the Chinese yuan or renminbi being named as one of the alternatives.

Davos Oligarchs Right To Fear World They’ve Made OPEC, oil companies clash at Davos
over price collapse. Speaking at the World Economic Forum in Davos, Switzerland,the
heads of two of the world’s largest oil firms warned that the decline investments
in future production could lead to a supply shortage and a dramatic price

Pelosi Won’t Say if Unborn Baby at 20 Weeks is a ‘Human Being’House Minority Leader Nancy Pelosi would not directly answer today when twice asked at a press briefing the yes-no question of whether an unborn child 20 weeks into pregnancy is a”human being.”…as a Catholic and a mom of five.

DC History – District of Columbia Acts to Create It’s Own Gov’t
Tue, Jan 27, 2015
Subject; DC Law Unto Itself


More than 13 years ago, Lisa Guiliani posted an article on the Net which asserted that some unspecified federal law enacted in 1871 created “USA, Inc.” or another corp with similar name. Sometime later, advocates of this contention noted that the law in question was the act of that year related to the form of gov’t Congress was creating for Washington, DC. Because I knew this contention to be completely incorrect, I posted the below on my website. Simply put, that particular act was in effect for only a few years before Congress repealed it, and a reading of that act shows that it did not created any corporation named “USA, Inc.” or anything similar.

This argument has misled too many people for more than a decade. It causes this movement to appear to be composed of crackpots, idiots and flakes, and I have some serious reservations and concerns regarding those who continue to advocate this baseless argument. I would appreciate it if you could help in stopping the spread of this fake argument.

XX. The Federal Government is the 1871 act to establish a government for Washington D.C.:

For several years now, certain groups and websites like Worldnewsstand have advocated an argument that the “federal” government was created as a municipal corporation via an act of February 21, 1871. The truth is otherwise.

There is a history regarding the formation of Washington, D.C. The Constitution specifically provides for the formation of a district, 10 miles square, to be the seat of the federal government; see Art. 1, § 8, cl. 17. When the Constitution was ratified, the de facto seat of that government was in Philadelphia. The Residence Act of 1790 (1 Stat. 130, July 16, 1790), started the process of establishing the District of Columbia; in the interim, the government continued to meet in Philadelphia. On December 19, 1791, Maryland adopted “An Act concerning the territory of Columbia, and the City of Washington,” which ceded lands and jurisdiction for the Maryland part of the District. President Washington played a critical role in the selection of the actual site of the District, as well as laying out the plans for the city. Finally, on February 27, 1801, 2 Stat. 103, Congress adopted an act concerning the District, and created two counties, Washington County on the Maryland side, and Alexandria County on the Virginia side. See amendments, 2 Stat. 115, and 2 Stat. 193. On May 1, 1802, the then existing Board of Commissioners for the District was abolished, replaced with a superintendent under the control of the President; see 2 Stat. 175. On May 3, 1802, Congress adopted an act to incorporate the city of Washington, in the District; see 2 Stat. 195, and amendments at 2 Stat. 254 and 422. For some of the other acts regarding the District, see 3 Stat. 691, 4 Stat. 294, and 4 Stat. 517.

This was the form of government for the District until February 21, 1871. On this date, Congress adopted a new act for the government of the District; see 16 Stat. 419-429. As seen by a simple review of this act, it did not create a government for anything but the District of Columbia, and it certainly did not purport to be a government for “federal” citizens living in the States. Also posted here are the first couple of pages from the 1873 Revised Statutes for the District of Columbia.

Scandal was the reason that this form of government for the District lasted only a mere 7 years. After the act of February 21, 1871, public officials of the District incurred tremendous debts for the District, eventually requiring Congress to in essence step in and take over that government. See 18 Stat. (Part 3) 116, ch. 337, for repeal of 1871 act. An act of June 11, 1878, 20 Stat. 102, provided “a permanent form of government for the District of Columbia.” Much later, the District of Columbia Home Rule Act, Public Law 93-198, 87 Stat. 777, approved December 24, 1973, created the government for the District which exists today.

What have the Supremes stated about the “Act of 1871″? In District of Columbia v. Camden Iron Works, 181 U.S. 453 (1901), the Supremes held:

“June 20, 1874, an act was passed entitled ‘An Act for the government of the District of Columbia, and for Other Purposes.’ 18 Stat. 116, c. 337. By this act, the government established by the act of 1871 was abolished and the President, by and with the advice and consent of the Senate, was authorized to appoint a Commission, consisting of three persons, to exercise the power and authority vested in the governor and the board of public works, except as afterwards limited by the act.”

Those who assert some wild theory about Washington, D.C. are utterly wrong. They have invented a “different version” of history without bothering to check out the facts.

The above is posted here:

GCR Looks Like Global Deflation, Massive Liquidation & Money Contraction

JC Collins
Sat, Jan 24, 2015
Subject; Top 3 GCR Steps

The Gears Are Grinding Down

It has become common knowledge in the mining industry here in Canada that the large oil companies began holding strategy sessions over a year ago to address this downturn in the market. The “sustainable cost reduction strategies” were slow in coming at first but are now being developed and implemented from one day to the next.

The industry is witnessing layoffs in the tens of thousands with more to come. For each energy sector job lost there will be 4 or more service industry jobs lost as well. This spider web of cause and effect will mean a slow down in the broader economy with reduced revenues for everything from local pubs and restaurants, to clothing stores and regional manufacturers.

The planning sessions which began a year ago tell us that this market turn was not happenstance. The communication lines between the heads of the energy companies and trans-border banks have intersected with the mandates of the international institutions which are engineering and implementing the economic transition to a multilateral framework.

The deflation which we have discussed throughout the last year is now descending in full force. This deflation is allowing for a massive contraction of the money supply to facilitate the transformation of each segment of the international monetary system.

Massive deflation leads to massive liquidation for the purpose of increasing cash balances. As everything from real estate to commodities decrease in valuation we are witnessing a large liquidation of physical assets, such as mining and construction equipment, recreational vehicles, televisions, and everything else that companies and individuals can sell for cash in hand.

This increase in cash balances can be considered an increase in the quality of money. An increase in the quality of money will likely facilitate the transformation of our current fiat based money system to a commodity based system. Quality of money based on commodities as opposed to fiat issuance will lead to an eventual flood of savings from stocks and bonds to savings accounts.

The danger in this natural progression of quality capital from stocks and bonds to saving accounts is underscored by the bail-in threat posed by the larger institutions and governments. But it is these same banking and investment institutions and governments which deflation will harm the most. Though innocent “losers” will be sacrificed during the deflationary period, the imbalances in the system which have been built over the decades, when corrected, will ensure that corruption will be dramatically reduced, if only for a few years before the imbalances begin to manifest in the system once again.

The imbalances as defined in the Triffin Paradox, or more appropriately, the USD global reserve system, has allowed for a gross misalignment and mutation of the global monetary structures. These imbalances have manifested throughout the international architecture as large stock market increases, unsustainable energy costs, such as oil, as well as real estate valuations, and easy access to capital.

The deflation which is now taking place will level these imbalances and allow for the rise of high quality capital. This quality capital will make the transition to a commodity based multilateral monetary structure more efficient and timely.

Every monetary policy which has been implemented by the central banks and financial institutions since the crisis of 2008 has been for the purpose of holding back deflation. Now that those tools, such as QE, are being retracted from the system, we are witnessing the deflation which is required to correct the imbalances and allow for the transition to the multilateral structure.

The storyline is also beginning to be distributed amongst the global media outlets that monetary stimuli by central banks is no longer working and that the accountability and mandates of the central banks will need to be more aligned with the macro economic mandates of the multilateral institutions.

In the post The Globalization of Central Banks we reviewed how the architecture of central banks will be consolidated within this larger mandate. No longer will domestic growth be the only objective of central banks. The larger imbalances created within the international monetary structure by promoting only domestic monetary policies will no longer be allowed.

Managing Director of the International Monetary Fund Christine Lagarde has again called for the implementation of a multilateral framework, and the financial and geopolitical strategies which are now unfolding support this process.

The recent moves by Russia and its central bank are remarkable when considered as methods of disengaging from the USD system. Converting the USD held in its foreign reserve accounts for rubles is diversifying the global monetary structure, and is more about facilitating the multilateral transition and reforming the monetary framework as opposed to replacing the existing USD framework.

The geopolitical move by Russia to change the natural gas routes into Europe is primarily concerned with decreasing the violence in Ukraine by removing the need for that particular strategic position. The attempts of America to maintain economic and geopolitical control over regions of the world which it has controlled under the USD system, such as Europe and Saudi Arabia, as well as Korea, among others, are fraught with the dysfunction of continuing unsuccessful isolationist policies.

The coup yesterday which took place in Yemen is very telling of the geopolitical positioning which has been allowed to take place. Think of it like a company having to reduce its operating costs. The CEO and CFO of the company state that $2 billion has to be cut from the operating budget and the internal policies of the company have to be adjusted to facilitate joint venture projects in regions of the world which are normally outside of it’s existing growth structure.

Each division within the company is responsible for their own cost reductions and policy adjustments. Yet each division is primarily focused on an industry sector which can no longer operate independently from the larger whole.

The larger monetary mandates which are being handed down by the Bank for International Settlements are being implemented much like an international corporation would transform itself while attempting to grow as it becomes a part of a multilateral framework.

The flex allowed in the transition has been taken advantage of by western interests as America attempts to stop Europe from being ripped away from its strategic influence. The inevitable fragmentation of the euro, and potentially even the European Union, should be obvious to most at this point. European countries will position themselves with their eastern trade partners as represented in the Eurasian trade union, with the United Kingdom ultimately maintaining its allegiance with the North American continent.

The moving parts of this transition, along with the implementation schedule, is difficult to capture in one single post, but the gears keep moving and deflation pushes deeper. The fact that gold and the USD are both appreciating together is the harbinger of the multilateral. The fundamentals of the monetary system are now being directed by the multilateral structure as it begins to push up from underneath the ruinous imbalances of the fragmenting USD system. – JC

A4V Mutual Offset Credit Exemption Exchange – All Our Debt is Pre Paid

Dave Robinson
Sat, Nov 24, 2015
Subject; A4V All Our Debt is Pre Paid

Acceptance for Value
RESOLVED: In Bankruptcy there can be no Controversy.
RESOLVED: I accept the liability of the Charge of Conspiracy for its Value and Return
it Credited and Discharged per HJR 192 of June 5, 1933 via my MUTUAL OFFSET CREDIT

THEREFORE: No Justiciable Controversy regarding DAVID EVERETT ROBINSON
exists for in Bankruptcy all debts are discharged.

The Europeans who came to North America were ‘grub-staked’ by others (probably the East
India Trading Company and the Bank of England). It was a huge venture which required large
amounts of money to get it started. So the ‘colonists’ got their start based on hard money loans…back in the days of hard money.

Once the colonists were established, they incorporated in order to deal with the burden of
their debt. The first incorporation was under the Articles of Confederation. The effect of the Articles was two fold: first to protect the interests of the creditors and secondly to protect the assets of the colonists who were working to establish a new economy.

Acceptance for Value
) ss.
County of Cumberland )
COMES NOW, David Robinson, the natural living flesh and blood man, a peaceful American
National on the land, under oath, who states that the following information is of his own personal understanding, knowledge and belief.

Acceptance for Value
The Articles of Confederation were weak in dealing with international contracts and the
enforcement of Admiralty/Martime concerns. So the Articles were rolled into what was then called the Constitution for the united States of America which tied up the loose ends left by the Articles.

Since the people were trying to stave off bankruptcy liquidation and preserve the fruits of
their labors the Constitution operated in bankruptcy re-organization mode, and so since it was operating in bankruptcy, the the law form of the national government had to be Admiralty.
Bankruptcy re-organization exists in Admiralty. Bankruptcy liquidation exists in Common
Law. Common law is always repugnant to the federal or national government. The States used the common law and liquidation.

So there was that distinction between the bankruptcies operated in the National versus the
State governments.

Then a glitch came along with the Constitution regarding the minting of money. The National
government decided to stop using gold for money, and stopped minting it, and passed a law demanding that all US citizens turn in their gold, and once the gold was safely confiscated, they passed a law making it illegal for US citizens to own gold.

This caused a dilemma in commerce. If there was no money, how could the people conduct
commerce? Well for the answer, the government looked to the Law Merchant law form for a substitute for money. Instead of using gold for money, the government adopted the policy that citizens would use what the merchants considered “good as gold”: notes of credit and bills of exchange, called Negotiable Instruments.

The Law Merchants had successfully used bills of exchange and notes of credit for centuries
with complete success, so their way of commerce and accounting in trade and was adopted for use by the united States, which adopted the use of bills of exchange and notes of credit under the Negotiable Instruments Act of the 1800’s. This eventually evolved into the Uniform Commercial Code, rules and regulations for commerce regarding bills and notes instead of silver and gold.

With this new form of “money” came a new form of accounting — double entry bookkeeping
— balancing credits and debits to reach equity: a zero balance. The zero balance is paramount in double entry bookkeeping which has become a stumbling block for many who do not understand that this is the system of accounting we are operating under today. Double entry bookkeeping determines if equity and fairness exists. If the bookkeeping indicates
inequity we have to stop and make an adjustment to restore fairness.

This change in law form and type of money used in commerce began in 1933 when the
Federal Reserve Act of 1913 became international law under the law of proscription since it had not been objected to during the twenty years since then. With the Federal Reserve Act government and commerce was changed from a gold metal standard to a promisory note standard — from substance money of exchange to fictional money of account.

Once the government began to operate its fictions certain new considerations had to be met.
The first steps that had to be taken had to do with sureties and bonds.

In Admiralty, everything works as insurance; a future indemnity against injury or loss. We
have to give assurance to those around us that we will not harm them by what we do. This can be in the form of a bond. A bond is a future indemnity against injury. And together with a bond we must provide a way to collect against the bond in the form of some surety backing the bond. So the people of the united States were pledged into an association for the mutual benefit of all concerned. The pledge that one member would not require another member to pay association debt. In other words, the tacit pledge to forgive association members their debts as they forgive their debts; consideration of contracts in the form of forgiveness of debts one to another.

This forgiveness of debt results in taxable events because before giveness is not giveness.
A debt must be paid or discharged in order to have justice. But that is not to say that the debt cannot be prepaid! An anticipated debt can be paid before the debt is incurred, instead of being dealt with after the fact. It became public policy in 1933 that the remedy for US citizens regarding public debt is that all subsequent debt is prepaid.

The problem was that the government never explained this to its citizens; but kept it hidden
from the people in a controlled way. The people were kept in the dark about how this “New Deal” really worked, hence the people have been robbed by many of those who do understand.
When we pay for something before it is required it can only be deemed a prepay. So when
we forgive, the forgive part was contemplated prior to the give, hence remedy is created, before it is required.

When the government decided to go to double entry bookkeeping and money of account
rather than substance and money of exchange, bonds and sureties had to be put up to protect the creditors of the bankruptcy. So this bond is best embodied in HJR 192 of June 5, 1933, elsewhere codified as Statute 73-10. This congressional Act is the indemnity provided for any future liability.

HJR 192 is the guarantee that all public debts are prepaid. HJR 192 is the actual PAYMENT
itself IN FACT. Now, one would naturally want to find out what the surety for that bond would be. What is the guarantee of HJR 192? It must be found in the substance that creates the shadow. The surety can’t be found in the shadow or in the fiction. The surety is the people; the property created by their energy through labor. The evidence that surety has been pledged for the guarantee of the bond is the birth certificate.

Here the people are insuring themselves by their labor to guarantee that their bookkeeping
is correct. The people are the creditors of all public business and property.
All substance produced in the public domain must eventually be returned (from the public
domain) to the people (the original creditors).

The “money” we are using in the public domain is money of account, which is the agreement
that all the participants in the association will abide by the Lord’s Prayer, “forgive us this day our debts, as we forgive others their debts…” The debts were anticipated and the remedy was created prior to the debt.

Commercially, it might be put something like this: “Apply HJR 192 to our debts, as we
apply it to the debts of others.” It’s the same process indeed.
— — —
So, how do we make some sense of this “accepted for value” process that seems to be so
popular today? How does it apply? Since the people guarantee the liability in the public domain by accepting the benefit of limited liability to the public debt, the people are the creditors of the national bankruptcy. The people are the SPONSORS OF THE CREDIT.
The United States has been operating Chapter 11 bankruptcy re-organization. The one who
filed for the bankruptcy is called the “debtor in possession” (the one who is in debt). If any creditor dishonors the bankruptcy, the debtor in possession (as the trustee) will liquidate the creditor — dollar for dollar — the dishonored amount, — because he has become delinquent. The creditor was obligated to settle the debt when asked to do so but refused.
Any request made by the debtor to the creditor MUST BE ACCEPTED and given credit
value. If not, the creditor becomes delinquent and gets liquidated by the debtor. So if a debtor comes to the creditor and says, “forgive me this day my debts” and the creditor does not openly and freely forgive the debtor his debt, the Lord will call him to account for dishonoring the pledge of the prepayment of debts.

In theology it is called blasphemy against the Son of God; in commerce it is called a violation of public policy. It would be dishonoring the benefit that has already been pledged and received when the person became a part of the association and guaranteed that he would not hold each other accountable for any public liability or debt.

So let’s look at the public liabilities we are required to forgive. A public liability is anything that can be shown as an entry on a double entry bookkeeping account. If it can’t be entered in double entry accounting it is most likely a private matter not in the public realm.

You can easily discern a public versus a private communication. The public request for
adjustment will always come directly to the trust account — the title of which is styled in all capital letters, such as JOHN H. SMITH. This is a direct attempt to attach to the bond of the JOHN H. SMITH TRUST. It is a violation of public policy to attach a future liability by trying to avoid the present liability.

Look at this diagram:
Presentment Promissory Indemnity
Past liability Present liability Future liability

Here is a typical demonstration of how a greater debt is used to indemnify (insure) a smaller debt. The BILL represents a past liability, where the NOTE represents the present liability, and the BOND is the indemnity for a future liability not yet determined.

A secret scheme was devised to attach to the bond of the trust representing the labor of the
men and women who have put themselves up as surety for the national debt. The attempt of the
holder of a past obligation to bypass the present liability and go directly to the future bond.

Instead of settling the matter in the here and now, the attempt is made to enslave the surety
in some future event by attaching the bond.

The way to prevent this is to take the BILL that’s been directly sent to the BOND and bring
into the present by accepting the bill and giving it value and returning it to the presenter for settlement and closure of the account.

When that is done we have defeated the fraudulent scheme to put us in debt of future liabilities by attaching the bond.

“All Rights Reserved
/s/____David Everett Robinson_____
David Everett Robinson, Affiant, Authorized
Representative, Attorney-In-Fact in behalf of
3 Linnell Circle, Brunswick, Maine 04011
Subscribed To And Sworn To Before God [Titus 1:2] this 22nd day of January 2015.

CDC Flu Vaccine Apology – Mercury Levels Off the Toxic Charts

Mike Adams – The Health Ranger
Sat, Jan 24, 2015
Subject; CDC Flu Vaccine Fraud

CDC issues flu vaccine apology: this year's vaccine doesn't work!
For the first time we can remember, the Centers for Disease Control and Prevention
are going on the record, saying the flu vaccine won't work this year. The warning
comes just before the busiest part of flu season, in January and February.
Unfortunately, there won't be any refund for any of the patients or insurance
companies who spent money on flu shots earlier this fall.

But don't worry. Just when you thought perhaps the CDC could boost their
credibility, they found a way to put a sales pitch on the end of their warning. The
CDC says if you do come down with the flu, there's a cure. It's just going to cost
more money. Money that will end up profiting pharmaceutical giants, GlaxoSmithKline
and Roche. CDC officials are urging doctors to prescribe two specific antiviral
medications for any patients who come in with flu symptoms.

Just last week, the CDC issued a warning, prompting Americans to take the flu
vaccine if they haven't already. Health officials said they had 160 million flu
shots on the shelves and ready to go. But just earlier this week, Italy launched an
official investigation after about a dozen people died within 48 hours of getting
the flu shot. Their national health agency issued an immediate warning, saying DON'T
take the vaccine. Here in America, the CDC isn't going that far. In fact, they found
a way of turning this failed vaccine into a promotion for yet another big pharma

Here's the news report viewo:

And here's an original laboratory research report from Natural News earlier this
year. I personally conducted the ICP-MS heavy metals analysis of these flu
vaccines and have the raw count data to prove it. Mercury particle counts at atomic
masses 200, 201 and 202 were through the roof on these laboratory tests.

Don't you find it astonishing that it takes a private ICP-MS laboratory with no ties
to government funding, universities or the FDA to finally test flu vaccines and
report the truth? (To my knowledge, Natural News is the only news organization in
the world that owns a cutting-edge private mass spectrometry instrument and uses it
for scientific research in the public interest…)

Flashback: Flu vaccines laboratory confirmed to contain crazy high concentrations of
Mercury tests conducted on vaccines at the Natural News Forensic Food Lab have
revealed a shockingly high level of toxic mercury in an influenza vaccine (flu shot)
made by GlaxoSmithKline (lot #9H2GX). Tests conducted via ICP-MS document mercury in
theFlulaval vaccine at a shocking 51 parts per million, or over 25,000 times higher
than the maximum contaminant level of inorganic mercury in drinking water set by the

The tests were conducted via ICP-MS using a 4-point mercury calibration curve for
accuracy. Even then, the extremely high level of mercury found in this flu shot was
higher than anything we've ever tested, including tuna and ocean fish which are
known for high mercury contamination.

In fact, the concentration of mercury found in this GSK flu shot was 100 times
higher than the highest level of mercury we've ever tested in contaminated fish. And
yet vaccines are injected directly into the body, making them many times more toxic
than anything ingested orally. As my previous research into foods has already
documented, mercury consumed orally is easily blocked by eating common foods like
strawberries or peanut butter, both of which bind with and capture about 90% of
dietary mercury.

Here are the actual results of what we found in the influenza vaccine from GSK (lot

Aluminum: 0.4 ppm
Arsenic: zero
Cadmium: zero
Lead: zero
Mercury: 51 ppm

All tests were conducted via calibrated, high-end ICP-MS instrumentation as shown
inthese lab videos.

Doctors, pharmacists and mainstream media continue to lie about mercury in vaccines
As you take in the scientifically-validated fact that mercury exists at very high
concentrations in flu vaccines, keep in mind that most doctors, pharmacists and
members of the mainstream media continue to stage an elaborate lie that claims
mercury has "already been removed from vaccines."

Never mind the fact that the use of mercury is admitted right on the package
containing the vaccine vial. And now, Natural News has scientifically confirmed the
mercury content of flu vaccines using high-end laboratory instrumentation. The
existence of high mercury in flu shots is irrefutable.

Anyone who claims mercury has been removed from all vaccines is either wildly
ignorant or willfully lying. And anyone who would knowingly allow themselves to be
injected with mercury is probably already a victim of the kind of brain damage well
known to be caused by mercury.

Insert admits "no controlled trials"
Shockingly, the package insert for this flu shot readily admits the vaccine has
never been subjected to scientific clinical trials:

"There have been no controlled trials adequately demonstrating a decrease in
influenza disease after vaccination with Flulaval," the package insert claims in
tiny text (that no one reads).

This is printed right on the insert, yet no one in the mainstream media will ever
report this astonishing admission. This statement, all by itself, is a confession
that flu shot marketing is a fraud.

Across the board, flu shots are heavily propagandized and promoted with the
implication that they have zero risks while offering 100% protection. No one in the
mainstream media ever questions this claim even though the package insert openly
admits the claim is complete hokum and has never been subjected to scientific

No evidence of safety or effectiveness in pregnant women
But that's not all the insert admits. It also says:

"Safety and effectiveness of Flulaval have not been established in pregnant women,
nursing mothers or children."

And yet everywhere you go in America, there's a Walgreens, CVS or Wal-Mart pharmacy
promoting flu shots for pregnant women. Never mind the fact that flu shot safety
hasnever been established in pregnant women, and never mind the obvious fact that
you should never inject a pregnant women with mercury in the first place!

Who needs scientific proof when you've got the full propaganda of the media and the
government to back you up? Anyone who dares question the scientific validity of flu
shot safety for pregnant women is immediately attacked as being an opponent of all

Apparently, the only requirement to be accepted by the vaccine community is
to believe in medical fairy tales while abandoning all critical thinking and
scientific skepticism. In the vaccine industry, genuine science is simply not
allowed. No wonder two former Merck virologists filed a False Claims Act with the
federal government, accusing the company of knowingly fabricating its vaccine
efficacy data to trick the FDA.

Never proven safe or effective in children, either
Flu shots are heavily promoted for children, right alongside mumps and measles
vaccines. But it turns out flu shots are never scientifically tested for safety or
efficacy in children.

Check out what the insert for this vaccine directly admits:

"Safety and effectiveness of Flulaval in pediatric patients have not been established."

It's right there in black and white… an open admission. Yet flu shots are
aggressively marketed to parents and children as if they were Tic-Tacs. The real
beauty of the entire vaccine industry scam is that no scientific evidence is
required! You don't have to have any proof, all you have to do is believe in
vaccines as a matter of faith.

Never tested for cancer risk
Do flu shots cause cancer? The honest, scientific answer is that these shots are
never tested for that. As the insert readily admits:

"Flulaval has not been evaluated for carcinogenic or mutagenic potential, or for
impairment of fertility."

Believe it or not, the Flulaval vaccine also warns that no one should be given this
shot if they've already received another flu shot at some previous time:

"Do not administer Flulaval to anyone… following previous administration of any
influenza vaccine."

And yet, amazingly, people are encouraged to get flu shots year after year, even
though the package insert directly warns against anyone taking a series of influenza

Admission that flu shots contain formaldehyde and sodium deoxycholate
The same insert that admits this vaccine has never been proven safe in children or
pregnant women also openly admits that it contains neurotoxic chemicals.

Per the insert, each dose of Flulaval contains up to 25 mcg of formaldehyde (a
neurotoxin) and up to 50 mcg of sodium deoxycholate.

This is on top of the 25 mcg of mercury you'll get in every dose. And remember, this
is mercury that's injected directly into your body, so you absorb 100% of this
mercury (unlike mercury you eat, where most of it sticks to food fibers and is
transported out of your body).

Total admission that flu shots cause seizures, convulsions and Guillian-Barre syndrome
Ever wonder what all these toxic chemicals and heavy metals cause in humans? Flu
shots vaccines, it turns out, are already known to cause a huge number of
devastating health effects.

Predictably, there is a massive disinfo campaign across the mainstream media,
Wikipedia, medical journals and government propaganda agencies (CDC, FDA, etc.) to
pretend that flu shots have no risks whatsoever. Yet the insert that comes with the
vaccine openly admits the flu shot has been linked with a long, frightening list of
serious adverse effects. As this Flulaval insert says (see photo below):

"In addition to reports in clinical trials, the following adverse events have been
identified during postapproval use of Flulaval…

chest pain
allergic edema of the mouth
muscle weakness
Guillian-Barre syndrome
convulsions / seizures
facial or cranial nerve paralysis
limb paralysis

Here's a photo of this section of the package insert, complete with the
GlaxoSmithKline toll-free phone number:

If you take flu shots, you are being poisoned by quacks
The upshot of all this is that flu shots utterly lack any scientific evidence of
safety of efficacy. We don't know if they work at all, in other words, and neither
does the vaccine manufacturer. Neither do the doctors or medical staff who
administer them. Flu vaccines are injected into people purely as a matter of blind
faith in the very same companies that have already been convicted of felony crimes.

GlaxoSmithKline, for example, not only manufacturers this Flulaval vaccine… the
company also committed multiple felony crimes and got caught bribing doctors,
ultimately agreeing to pay a multi-billion-dollar criminal settlement with the U.S.
Department of Justice.

Trusting a flu shot made by a corporation of felons is a lot like trusting the
purity of heroin you buy from a street dealer. Both flu shots and street heroin have
at least one thing in common, by the way: neither has ever been tested for safety.

We also know that flu shots contain neurotoxic chemicals and heavy metals in
alarming concentrations. This is irrefutable scientific fact. We also know that
there is no "safe" form of mercury just like there is no safe form of heroin — all
forms of mercury are highly toxic when injected into the body (ethyl, methyl,
organic, inorganic).

The only people who argue with this are those who are already mercury poisoned and
thus incapable of rational thought. Mercury damages brain function, you see, which
is exactly what causes some people to be tricked into thinking vaccines are safe and

Technically, you'd have to be stupid to believe such a thing, as the vaccine insert
directly tells you precisely the opposite.

Share this story, spread the truth
Share this story with everyone who needs to know the truth about flu vaccines. This
message needs to get out. Every fact stated in this article is 100% true and
verified. The quotes from the Flulaval package insert are on-the-record statements
from GlaxoSmithKline.

And for the record, I am not an opponent of the theory of vaccination. What I'm
against is the continued use of toxic heavy metals and chemicals in vaccines. I'm
also opposed to the wildly fraudulent marketing of vaccines. If any other product
were marketed with the same lies and deceptions as vaccines, they would be
immediately charged with fraud and misrepresentation by the FTC. But somehow when
the vaccine industry commits routine fraud, everybody pretends it isn't happening.

Even with all the marketing fraud taking place, if the vaccine manufacturers would
stop poisoning the population with vaccine additives (by removing mercury,
formaldehyde and other chemicals from their products), nearly all opposition to
vaccines would rapidly disappear.

Sources for this story include:

More Surveillance & a Patriot Act for Europe – NAZI Freedoms for EU

Mac Slavo
Tue, Jan 20, 2015
Subject; EU Exchanging Liberty for Safety

Now We Know The Plan: More Surveillance and a Patriot Act For Europe

The irony is almost worse than 9/11.

Then, President Bush responded by stating, with bravado, that they attacked us because they hate our freedoms.

This time, the attack against the publication of satirical Mohammed cartoon, was not only an act of terrorism, but an attack on the spirit of free speech.

And the government response this time? After staging a photo op of world leaders, various heads of state have proposed new waves of surveillance and repressive attempts to ban encryption and violate the freedom of speech in communication devices through new spy policies and laws.

On Sunday, as more than 3 million people flooded the streets of Paris in support of the free speech principles that Charlie Hebdo embodied, a group of 12 European ministers issued a joint statement calling for internet service providers to more swiftly report and remove online material “that aims to incite hatred and terror.”

Establishing a framework to enhance police work and intelligence sharing concerning the actions of alleged terrorists and extremists, the joint statement from 12 European ministers and U.S. Attorney General Eric Holder declares the intent to: “counter violent extremism” and “fight against radicalization, notably on the Internet,” in part through the “swift reporting [and removal] of material that aims to incite hatred and terror.” Meanwhile, it aims to beef European border control, “step up the detection and screening of travel movements” and enhance law enforcement, particularly in “working to reduce the supply of illegal firearms throughout Europe.”

Although the statement takes a vow of respect and “scrupulous observance of fundamental freedoms, a forum for free expression, in full respect of the law,” it doesn’t hold much water with the focus on new surveillance and police powers to chill free speech in the name of fighting radicalization. It seems the terrorists have once again won before the fight has even begun.

The irony should be perfectly palpable, but instead leaders in Europe and the U.S. seem oblivious to the fact that they are, pound for pound, violating many more rights than the terrorists ever could… yet they are not exactly stopping and catching terrorist either. (As a side note, in case the Europeans don’t know, Eric Holder is a pretty poor partner in the effort to reduce the supply of illegal firearms, since he was caught deliberately arming Mexican drug cartels in the Fast and Furious scandal).

The spirit of freedom is hardly embodied by the leaders of the so-called “free world.”

As Ron Paul noted:

“The mainstream media immediately decided that the shooting was an attack on free speech. Many in the US preferred this version of “they hate us because we are free,” which is the claim that President Bush made after 9/11. They expressed solidarity with the French and vowed to fight for free speech. But have these people not noticed that the First Amendment is routinely violated by the US government?”

“Another lesson from the attack is that the surveillance state that has arisen since 9/11 is very good at following, listening to, and harassing the rest of us–but is not very good at stopping terrorists.”

Specifically, France has already proposed new terrorism-surveillance laws – despite have just passed legislation for new powers in November – while the Anglo power are meeting to ramp up security and UK Prime Minister David Cameron has proposed ridiculous and draconian powers to breach encrypted communications.

Unfortunately, it is par for the course. Problem-reaction-solution.

Quite often, when attacks happen, fear sets in, and forces antithetical to freedom set in, attempting to control and ‘protect’ society, failing profoundly while trampling over society’s most cherished values. America lived through an entire decade of this nightmare after 9/11. Jillian York, of the Electronic Frontier Foundation, commented:

“Nearly every major terrorist attack in the past couple of decades has been followed by new legislation of some kind. France just pushed through new anti-terror regulations in November, and the [prime minister] is already saying that more will be necessary. Where does it stop? These politicians haven’t demonstrated the need for more surveillance, yet it’s always their go-to ‘solution.’”

“Mass surveillance doesn’t only infringe on our privacy, but also our ability to speak freely. The knowledge, or even the perception of surveillance, can prompt writers to think twice before touching upon a given issue.”

It seems that, egged on by the horror of terrorism, all the governments are capable of doing is more spying, surveillance, invasion of privacy and repression – even though it clearly doesn’t work. From the Verge:

“[I]nstead of trying to address problems with the existing expansive surveillance powers, governments merely see these crises and fearful times as an opportunity to simply to ask for more,” Mike Rispoli, spokesman for the London-based watchdog Privacy International, wrote in a blog post Tuesday. “Short of creating a society in which thoughts themselves are monitored and controlled by the State, no amount of surveillance powers endowed upon our governments can ensure that all acts of fanaticism and violence can be predicted and prevented.”

UK Prime Minister David Cameron actually proposed banning encryption as a response to the Hebdo Charlie attacks – and caught a wave
of criticism from the tech savvy who now run the consumer and computing world.

Prime Minister David Cameron said the government should be allowed to read encrypted messages on smartphone apps like WhatsApp and Snapchat, adding that the Paris attacks proved the need for greater government access. Experts say an outright ban on these apps wouldn’t be wise or even feasible, but privacy advocates say Cameron’s comments speak to larger, more troubling trends.

Chastised as being both ‘draconian’ and ‘dim-witted,’ Cameron’s proposed policy is noted as both “ill-thought out and scary” at the same time – a true governement mix of “idiocy” and “draconian.” Cameron stated in his speech:

“In extremis, it has been possible to read someone’s letter, to listen to someone’s call, to mobile communications,” Cameron said. “The question remains: are we going to allow a means of communications where it simply is not possible to do that? My answer to that question is: no, we must not.”

As the Guardian reported:

Independent computer security expert Graham Cluley said: “It’s crazy. Cameron is living in cloud cuckoo land if he thinks that this is a sensible idea, and no it wouldn’t be possible to implement properly.”

Encryption is the backbone of security that allows modern banking, commerce and communication in the digital world.

Encryption is what protects your private details when you send your bank details to a server. It’s required for governments and companies when they store customer information, to protect it from hackers and others. And it’s built right in to whole hosts of messaging applications, including iMessage and WhatsApp.

Tech firms are obviously not going to do business without encryption, so they are instead making preparations to leave the UK if this becomes policy, or likewise, to stop doing business in the UK if British laws would keep global firms from operating as usual.

Eris Industries, which uses open-source cryptography, has said it is already making plans to leave the UK if the Conservative party is re-elected with this policy in its programme.

It is true that terrorists use encryption, much as in real life they use bank accounts, locks, money transfer services and public transport. If the presence of terrorists on a given service is reason enough to shut it down, we’ll find there’s really no form of civil society left to defend.

“We must avoid knee jerk reactions,” said Graham. “In particular, I am concerned about any compromising of effective encryption for consumers of online services.”

“Citizens, businesses, and nation states need to protect themselves. Internet companies are understandably offering their customers online services that are better encrypted following recent security incidents,” said Graham.

The Open Rights Group stated:

“Cameron’s plans appear dangerous, ill-thought out and scary,” said Jim Killock, director of the Open Rights Group. “Having the power to undermine encryption will have consequences for everyone’s personal security. It could affect not only our personal communications but also the security of sensitive information such as bank records, making us all more vulnerable to criminal attacks.”

Wow… that is some civil liberties blowback. Enough to take us back a few notches in the Internet era and make a visit to the dark ages.

Top 2 Al Qaeda Rebels – Obama & HIllary Clinton Switching Sides

Tue, Jan 20, 2015
Subject; Ambassador Stevens 1st Envoy to Al Qaeda

U.S. generals accuse Obama of actually ‘switching sides’

Military experts are making an explosive new claim about Barack Obama.

And what they’re revealing now could blow the lid off a scandal many would call TREASON …

Probe of military experts finds U.S. ‘switched sides’ in terror war
NEW YORK – The Obama White House and the State Department under the management of Secretary of State Hillary Clinton “changed sides in the war on terror” in 2011 by implementing a policy of facilitating the delivery of weapons to the al-Qaida-dominated rebel militias in Libya attempting to oust Moammar Gadhafi from power, the Citizens Commission on Benghazi concluded in its interim report.

In WND interviews, several members of the commission have disclosed their finding that the mission of Christopher Stevens, prior to the fall of Gadhafi and during Stevens’ time as U.S. ambassador, was the management of a secret gun-running program operated out of the Benghazi compound.

The Obama administration’s gun-running project in Libya, much like the “fast and furious” program under Eric Holder’s Justice Department, operated without seeking or obtaining authorization by Congress.

WND reported Monday that in exclusive interviews conducted with 11 of the 17 members of the commission, it is clear that while the CCB is still enthusiastic to work with Rep. Trey Gowdy, R-S.C., chairman of the House Select Committee on Benghazi, and hopeful that Boehner is serious about the investigation, various members of the CCB, speaking on their own behalf and not as spokesmen for the commission, are expressing concerns, wanting to make sure the Gowdy investigation is not compromised by elements within the GOP.

The Citizen’s Commission on Benghazi’s interim report, in a paragraph titled “Changing sides in the War on Terror,” alleges “the U.S. was fully aware of and facilitating the delivery of weapons to the Al Qaeda-dominated rebel militias throughout the 2011 rebellion.”

The report asserted the jihadist agenda of AQIM, the Libyan Islamic Fighting Group and other Islamic terror groups represented among the rebel forces was well known to U.S. officials responsible for Libya policy.

“The rebels made no secret of their Al Qaeda affiliation, openly flying and speaking in front of the black flag of Islamic jihad, according to author John Rosenthal and multiple media reports,” the interim report said. “And yet, the White House and senior Congressional members deliberately and knowingly pursued a policy that provided material support to terrorist organizations in order to topple a ruler who had been working closely with the West actively to suppress Al Qaeda.”

The report concluded: “The result in Libya, across much of North Africa, and beyond has been utter chaos, disruption of Libya’s oil industry, the spread of dangerous weapons (including surface-to-air missiles), and the empowerment of jihadist organizations like Al Qaeda and the Muslim Brotherhood.”

missiles), and the empowerment of jihadist organizations like Al Qaeda and the Muslim Brotherhood.”

Christopher Stevens: ’1st U.S. envoy to al-Qaida’

In the WND interviews, several members of the citizens’ commission, speaking for themselves, not for the commission, added important background to the interim report’s conclusion.

“In early 2011, before Gadhafi was deposed, Christopher Stevens came to Benghazi in a cargo ship, and his title at the time was envoy to the Libyan rebels,’ which basically means Christopher Stevens was America’s very first envoy to al-Qaida,” explained Clare Lopez, a member of the commission who served as a career operations officer with the CIA and current is vice president for research at the Washington-based Center for Security Policy.

“At that time, Stevens was facilitating the delivery of weapons to the al-Qaida-related militia in Libya,” Lopez continued. “The weapons were produced at factories in Eastern Europe and shipped to a logistics hub in Qatar. The weapons were financed by the UAE and delivered via Qatar mostly on ships, with some possibly on airplanes, for delivery to Benghazi. The weapons were small arms, including Kalashnikovs, rocket-propelled grenades and lots of ammunition.”

Lopez further explained that during the period of time when Stevens was facilitating the delivery of weapons to the al-Qaida-affiliated militia in Libya, he was living in the facility that was later designated the Special Mission Compound in Benghazi.

“This was about weapons going into Libya, and Stevens is coordinating with Abdelhakim Belhadj, the leader of the Libyan Islamic Fighting Group, other al-Qaida-affiliated militia leaders and leaders of the Libyan Muslim Brotherhood that directed the rebellion against Qadhafi as an offshoot of the Egyptian Muslim Brotherhood,” Lopez said. “Many of the individual members of the al-Qaida-related militias, including the LIFG, and the groups that would later become Ansar Al-Sharia, were Muslim Brotherhood members first.”

According to the interim report, as detailed by Lopez, a delegation from the UAE traveled to Libya after the fall of Gadhafi to collect payment for the weapons the UAE had financed and that Qatar had delivered to the Transitional National Council in Libya during the war.

The UAE delegation was seeking $1 billion it claimed was owed,” the interim report noted. “During their visit to Tripoli, the UAE officials discovered that half of the $1 billion worth of weapons it had financed for the rebels had, in fact, been diverted by Mustafa Abdul Jalil, the Muslim Brotherhood head of the Libyan TNC, and sold to Qaddafi.”

According to information discovered during the UAE visit to Tripoli, when Jalil learned that Maj. Gen. Abdel Fatah Younis, Gadhafi’s former minister of the interior before his late February 2011 defection to the rebel forces, had found out about the weapons diversion and the $500 million payment from Gadhafi, Jalil ordered Abu Salim Abu Khattala, leader of the Abu Obeida Bin al-Jarrah brigade to kill Younis.

“Abu Khattala, later identified as a Ansar al- Shariah commander who participated in the 11 September 2012 attack on the U.S. mission in Benghazi, accepted the orders and directed the killing of Gen. Younis in July 2011,” the interim report noted.

Abu Khattala is currently in custody in New York awaiting trial under a Department of Justice-sealed indictment, after U.S. Delta Force special operations personnel captured him over the weekend of June 14-15, 2014, in a covert mission in Libya. Abu Khattala’s brigade merged into Ansar al-Shariah in 2012, and he was positively identified to the FBI in a cell phone photo from the scene of the attack on the U.S. mission in Benghazi.

The language of the interim report made clear why the sequence of events is important.

“The key significance of this episode is the demonstration of a military chain-of-command relationship between the Libyan Muslim Brotherhood leadership of the TNC and the Al Qaeda-affiliated militia (Ansar al-Shariah) that has been named responsible for the attack on the U.S. mission in Benghazi,” the interim Rreport concluded.

“What we have here is the Muslim Brotherhood leadership of the revolution giving a kill order to a Muslim militia affiliated with al-Qaida, which then carried it out,” Lopez summarized. “This chain-of-command link is important even though it has not yet received enough attention in the media.

A big ‘oh no’ moment

“After Gadhafi is deposed and Stevens was appointed U.S. ambassador to Libya, the flow of weapons reverses,” Lopez noted. “Now Stevens has the job of overseeing the shipment of arms from Libya to Syria to arm the rebels fighting Assad, some of whom ultimately become al-Nusra in Syria and some become ISIS.”

Lopez distinguished that “al-Nusra in Syria still claims allegiance to al-Qaida, while ISIS has broken away from al-Qaida, not because ISIS is too violent, but out of insubordination, after Abu Bakr Al-Baghdadi, the leader of ISIS, wanted to run his own show inside Syria as well as Iraq, thereby disobeying orders from al-Qaida leader Ayman Al-Zawahiri.”

She noted that in this period of time, after the fall of Gadhafi and before the Sept. 11, 2012, attack on the Benghazi compound, Stevens was working with Turkey to ship weapons out of Libya into Syria for the use of the rebels fighting Assad.

According to the authors of the bestselling book “13 Hours,” on Sept. 11, 2012, before the attack on the Benghazi compound started, Stevens had dinner with Turkish Consul General Ali Sait Akin. Stevens reportedly escorted the Turkish diplomat outside the main gate of the Benghazi compound to say good-bye to Akin at approximately 7:40 p.m. local time, before he returned to Villa C to retire for the evening.

Kevin Shipp, a former CIA counterintelligence expert who worked on the seventh floor at Langley as protective staff to then-CIA Director William Casey, again speaking for himself in his interview with WND, agreed with Lopez that the gun-running operation Stevens managed is a secret the Obama White House and Clinton State Department have sought to suppress from the public.

“The shocking part, maybe even a violation of international law that the Obama administration has been terrified to have fully revealed, is that Stevens as part of his duties as a State Department employee was assisting in the shipment of arms first into Libya for the al-Qaida-affiliated militia, with the weapons shipped subsequently out of Libya into Syria for use by the al-Qaida-affiliated rebels fighting Assad,” Shipp told WND.

“Very possibly, these gun-running activities could be looked at even as treasonable offenses,” he said.

Shipp further noted that in gun-running operations in which the CIA wants deniability, the CIA generally involves a third party.

“The way the CIA works is through a ‘cut-out,’ in that you get Qatar to transport the weapons and you facilitate the transport. So now the third party is to blame,” he explained.

“Qatar probably would have been able to pull this off without any attribution to the CIA if the Benghazi attack had not happened. The attack basically shed the light on this operation the White House, the State Department and the CIA were trying to keep quiet,” he said.

“The attack on Benghazi was a big ‘oh no’ moment.”


US Dollar Will Not Collapse – Global Currency Balancing Under Way

JC Collins
Tue, Jan 20, 2014
Subject; US Dollar Will Not Collapse

The Fed & SDR Denominated Derivatives

Many for so long have proclaimed the end of the dollar and a collapse of the USD system. Though the dollar will be adjusted downward at some point in the initial implementation of a multilateral system, its sustainability in a broader monetary framework will be a fundamental corner stone to correcting the imbalances which originated from the USD system itself.

The USD monetary system is based on using the domestic currency of the United States as the global reserve unit of account. This arrangement has created systemic imbalances in the international financial framework which has lead to inherent risks in all segments of the system, such as trade, credit, exchange rates, inflation/deflation, commodities, capital flows, and geopolitical power shifts.

Some of these imbalances have been extremely prominent in the last days as oil continues its dramatic depreciation, the Swiss removed the francs peg to the euro, (as the euro was depreciating against the appreciating dollar), Russia converting a portion of its foreign reserves into rubles, and geopolitically Russia has diverted natural gas flows into Europe from the transit points in Ukraine to transit points in Turkey.

On a more macro level, the Bank of China (Hong Kong) has stated that the inclusion of the RMB into the SDR basket of currencies will accelerate international monetary reform which will help build stability in the system. This stability will be constructed around using the SDR as the global unit of account in place of the USD.

We have covered the importance of the RMB to the SDR supra-sovereign reserve system, along with the BRICS Development Bank, in the post The SDR Purpose of BRICS.

One of the least understood segments of the USD imbalances are the derivative trades. These trades are a method of hedging against the risk which is inherent in the USD system. As in all trades or exchanges, there are two ends, a gain end and a lose end. The derivatives are meant to take the risk out of trade for trans-border businesses and other financial institutions, along with large private investors.

Each trade needs to be cleared though a clearing house and the risk of systemic failure because of the potential loses are building. The current policies and institutions handling the clearing process are incapable of dealing with this systemic risk.

Supra-sovereign and trans-border institutions and entities such as banks and hedge funds, which are structured around national and domestic frameworks, cannot provide the international policy changes required to address the risk associated with derivatives.

As such, a single and unified international policy is required.

The development and implementation of the multilateral monetary framework is capable of addressing this risk more effectively than the USD system. By denominating derivatives in SDR, both virtual aspects of the unit of account and derivatives will align, allowing for a more unified policy response to the risk.

SDR denominated derivatives will fundamentally reduce the exposure by functioning above the constraints of national fiat currencies, which are heavily influenced by the multi-trillion dollar non-sovereign dominated Forex markets. The SDR, held by sovereign central banks, will help stabilize the international supra-sovereign response required to reduce the derivatives risks and enact the unified policies.

The clearing of derivatives will also have to be handled in a broader multilateral framework as well. The establishment of clearing entities, or banks, perhaps with only one or two acting as the mandated clearing houses, can facilitate the reduction of systemic risk to the international monetary framework.

Derivative contracts that are considered high risk can be fragmented into clearable (low risk) and unclearable (high risk) segments. This disaggregation of illiquid derivative contracts will ensure the overall credit risk, or exposure, is reduced or eliminated on the cleared portion of the contract, while the risk associated with the uncleared portion is reduced in the markets.

The clearing house, in this case the Federal Reserve, will be accountable to provide liquidity for the uncleared “high risk” segments at valuations which are compatible with the margins of the defaulting members and contracts. This process would reduce the chances of default with the least amount of systemic risk to the broader international monetary structure.

There are many moving pieces to the transition from the USD structured system to the multilateral SDR framework. The risk associated with derivative clearing is one of the more important factors which will require a unified policy framework which operates above the limited policies which exist at the national and domestic level.

The USD will not collapse and the SDR will be implemented as the international unit of account. No one currency or country has the ability or policy framework to deal with the challenges presented in correcting the imbalances which have developed from the USD system. China, Russia, or any other grouping of countries, are not interesting in replacing the USD as the international unit of account. The response to the systemic imbalances which exist will require the unified approach to policies and procedures which only the multilateral framework can provide.

Anyone pumping and promoting the collapse of the dollar does not fully understand the multilateral framework or the trans-border nature of the associated risks inherent in the USD system. – JC