Friday, September 30, 2011

Stansberry: Here’s What Will Happen Next


Stansberry: Here’s What Will Happen Next
Mac Slavo
September 27th, 2011

The latest news out of Europe is that the EU will have plenty of funds to bail out Greece. Never mind that a global stock market panic led to a near 1000 point drop in the Dow Jones last week, that IMF head Christine Lagarde said the organization needs more money to make good on emergency rescue packages, that Treasury Secretary Geithner suggested Europe is the most serious threat to the stability of the world economy, that signs of economic slowdown are everywhere, and even mainstream economists are now warning of another Great Depression.
Ignore all of that. The stock market is rising. So long as the arrows on the market indexes are green, everything is fine.
But what if, and we know this sounds crazy… what if things really aren’t fine?
Porter Stansberry, who has been right on the money (literally) for the last several years with respect to how the financial crisis would unfold and how to not only protect and grow your wealth, but prepare yourself for the chaos that is sure to follow, gives us his take on what happens next:

So… here’s what will happen next. Soon, Greece will default. This will begin a chain reaction of European bank failures, because most banks in Europe have only written off a small portion (21%) of the value of the Greek bonds they hold. French banks are particularly vulnerable right now. This, in turn, will cause banks to stop lending to each other out of fear.
It will also lead to big losses in the commercial paper market. That’s how the crisis will spread to the U.S. – our money-market funds still hold roughly 42% of the assets in loans to Europe’s banks. Companies with exposure to European financial assets (like GE) and those that depend heavily on the commercial paper market for funding (like Capital One) will see their share prices plummet. As the global economy stalls and then moves into recession, unemployment will worsen… and political tensions will greatly increase. I expect large-scale civil unrest in both Europe and the U.S.
In the short term, commodities are also likely to fall sharply. The crisis is nearing a breaking point. Europe represents the world’s largest economic area. I expect oil will fall at least in half from its peak. You could see silver fall, temporarily, by maybe another 30%. Gold could fall by maybe 25% from its peak. Base metal and energy commodities – stuff like copper and coal – will get crushed, like they did in 2008. In short, this is Europe’s turn to have a Lehman Brothers-like banking collapse. Only this time, it will involve dozens of huge banks and several different countries, all of which have different ideas about how the crisis should be solved.
And that means it will probably be a longer and deeper crisis than Lehman Brothers. But… sooner or later… we’re going to see a massive reversal. The Fed will step in to support the ECB, and a tremendous amount of new euro will be issued. I expect the euro to fall to parity – 1:1 – with the dollar before this crisis is over.
Read The Full Article

As we’ve mentioned before – the Great Depression of the 1930′s originated not because of the 1929 stock market crash, as high school history teachers would have us believe. Rather, it began when European banks and nations began defaulting on their debt.
Porter Stansberry points out that Europe is the largest economic zone in the world – exceeding even the United States – and they are going under. The subsequent consequences on the streets of Europe and America are going to surprise a lot of people. Mr. Stansberry has made it a point to warn of civil unrest before. It’s coming – make no mistake.
Realistically speaking, what do you think is going to happen when peoples’ pension funds, retirement accounts, savings, purchasing power and jobs are wiped out?
Despite what we see from mainstream media in their ever shortening 24 hour breaking news cycle, there is no resolution, just as there has been no resolution for the last three years. Stansberry continues:

Is there a chance I’m wrong? Is there any realistic way to solve this crisis without a Greek default and a European banking crisis? I don’t see how.

I wish I had better news… or a more promising strategy I could endorse. But as always, I’ve got to write what I believe.

Folks, the indicators are everywhere. We can stick our heads in the sand and play pretend, or we can face reality and take action to insulate ourselves as best we can. Ignore the warning signs to your detriment.
The next leg down is going to be fast, volatile and violent – and the United States will be right in the middle of it.

The Russian 'Surprise': Putin Flanks the Empire

This article appears in the September 30, 2011 issue of Executive Intelligence Review.

The Russian 'Surprise': Putin Flanks the Empire

by the Editors

[PDF version of this article]

Sept. 28—Noted American economist and political leader Lyndon LaRouche issued a statement of warm congratulations on Sept. 25 to Russian Prime Minister Vladimir Putin, upon the latter's nomination for the Presidency of Russia in the 2012 elections. He also congratulated Russian President Dmitri Medvedev, who nominated Putin for President at this week's United Russia party convention; Medvedev has announced his candidacy for the Russian Duma, as head of the United Russia slate.

"This Putin-Medvedev move is just the kind of strategic surprise the world needs," LaRouche said. "This assertion of leadership sends a clear message of defiance against the British Empire's divide-and-conquer games, and represents a major step forward toward a new Pacific-centered recovery program for the entire world."

"The Putin-Medvedev decision," LaRouche continued, "is actually a sign of hope for all mankind. What is required now is for the American population to dump its British-puppet President, and join with Russia and China to form the 'Great Pacific Alliance that can rescue mankind" (see Editorial for full statement).

The decisive Russian move, coming precisely as the bankrupt British-run financial empire is engaged in a panic-stricken drive to maintain even the semblance of life, is a master stroke. Russia and China have recently been making exciting strides ahead, toward expanded cooperation in the areas of nuclear energy, rail, and development of the mineral-rich areas of Siberia. Their approach to development provides a clear alternative to the globalists' demands for austerity and bailouts—and with the Putin leadership firmly in place, this thrust becomes more secure.

The Putin-Medvedev action also follows on the heels of LaRouche's recent call for the immediate convening of a U.S.-Russia-China alliance, which would usher in a real economic recovery based on high-technology great projects such as NAWAPA (North American Water and Power Alliance), and the reinstitution of a fixed-exchange-rate credit system globally. Thus, the groundwork for an appropriate U.S. response to the Russian developments is already in preparation, and can take off, as soon as American patriots get the guts to fire the chief obstacle, President Barack Obama.
Catching the Empire by Surprise

On Sept. 24, the second day of the United Russia nominating convention for the Dec. 4 State Duma elections, Medvedev announced that Putin will run for President of Russia in March 2012, while Medvedev would accept a nomination as prime minister in a new government, each thus replacing the other in their current posts. The announcement was greeted by prolonged standing ovasions from the more than 11,000 delegates meeting in Moscow's huge Luzhniki Stadium. Putin said that he and Medvedev had agreed on this division of labor many years ago.

While there was a general recognition in the West, both Russia's friends and enemies, that it was a virtual certainty that Putin would be the United Russia candidate for President in next March's elections, the announcement at the United Russia convention actually caught almost everyone by surprise.

One reason for the shock was that a large number of Western so-called Russia "experts" had bought into the idea that there were deep personal and policy differences between Putin and Medvedev, and that these splits might be exploited to weaken or destabilize Russia.

The way that the announcement was made served to demonstrate that all of the Western fantasies about a profound rift in the Kremlin and the prospect of a "liberal"—i.e., British—challenge to Putin's authority were just that: pure wishful and delusional fantasies.

It was that flank that Putin exploited, in the timing and character of the announcement. There never was a split, and the Kremlin partnership between Putin and Medvedev was never seriously at risk.
A Second Flank: Kudrin's Ouster

In the best tradition of flanking warfare, Putin and Medvedev followed their "strategic surprise" announcement about Putin's candidacy, just days later, with a second shocking flanking operation.

On Sept. 26, President Medvedev fired the City of London's darling Alexei Kudrin from the posts of Finance Minister and Deputy Prime Minister of the Russian Federation, during a nationally televised meeting. Kudrin had been head of Russia's Finance Ministry for 11 years, having first joined that ministry in 1997, on the invitation of another London favorite, Anatoli Chubais.

Repeatedly named "Finance Minister of the Year" by British publications such as The Banker and Euromoney, Kudrin most of all earned the title LaRouche bestowed on him in February 2009: the "Sub-Prime" Minister. Kudrin's frequent consultations in the City of London, and his call for "global Maastricht" strictures against government credit-creation, made him a menace outside Russia, as well as at home. His avowed goal was to outdo the European Union's Maastricht conditionalities by a factor of three: Kudrin wanted Russia's budget deficit to be no greater than 1% of GDP. His recent attacks on spending included the defense budget, and his statement that if taxes were not raised, Russia's pension age would have to be.

Speaking to the press in Washington Sept. 25, where he attended the annual International Monetary Fund session and several other financial meetings, Kudrin announced that he would not serve in the new Russian government headed by Medvedev, after next Spring's Presidential election. Kudrin openly cited his "disagreements" with Medvedev on defense spending.

An angry Medvedev dressed Kudrin down in public and gave him an ultimatum on his "political future," during opening remarks at the Sept. 26 session of the Commission on Modernization at the Dimitrovgrad nuclear center. Medvedev denounced him for insubordination, and for "irresponsible blabbing."

Said Medvedev,

"I would like to say a few words about discipline in the Government of the Russian Federation. We all know that we have begun an election campaign, and this is a difficult trial for our system of state, and for individuals. I think it has a certain effect on the nervous system, too, and evidently this is the cause of a number of statements made recently, both within our country, and abroad, for example in the United States. We have a whole category of citizens, who, when they want to make an important statement, for some reason go overseas to do it."

Medvedev continued, with the TV camera cutting to Kudrin, who looked as if his head was about to explode:

"Take Alexei Leonidovich Kudrin, who is here. He announced the joyful news that he doesn't plan to work in the new Government, and that he has serious practical disagreements with the current President, particularly on spending issues, including military spending.

"In this connection, I would like to note several things. First of all, there is no new Government, and nobody has invited anybody to join it. But there is an old Government, which I put together as President, and it reports to me, and it will act under the framework of my Constitutional authority. This Government implements the policy of the President. My understanding is that Alexei Leonidovich had an opportunity to state his position earlier, and to make a decision on his political future; even to join the [party of] rightist forces. They asked him to, but Alexei Leonidovich declined, for some reasons of his own. Nonetheless, I would like to say that such statements as the ones made in the United States of America are unseemly, and nothing can justify them."

Medvedev then told Kudrin that under government discipline, and in view of his stated disagreements, he had no choice but to write a letter of resignation. If he wanted now to say that there actually were no such disagreements, Medvedev offered Kudrin the chance to write a public commentary to that effect. Kudrin confirmed that he "has disagreements," but said that he wanted to decide on a response to Medvedev's "proposal," after first consulting with Prime Minister Putin. Medvedev replied, "You can consult with whomever you want, including the prime minister, but as long as I am President, I make such decisions."

After the late-afternoon meeting, Kudrin took part in another, smaller meeting, held by Medvedev on economic policies. At both the Modernization Commission meeting and the later one, Medvedev ordered the Government to be on constant alert to take various steps, in view of the unfolding economic crisis in Europe and elsewhere.

Then, at just before 8:00 p.m., Moscow Time, Medvedev issued his decree, relieving Kudrin of his government duties.

If there were any doubt that the ouster of Kudrin was "for cause," and that it was a decision made in full coordination between Medvedev and Putin, Kudrin's actions on the previous day, when he promised Russian reserves to bail out euro bank debt, put those doubts to rest.

At the Sochi Investment Forum on Sept. 16, Putin had cautioned against such spending, saying to Leon Black of Apollo Management (formerly Drexel Burnham Lambert), "Speaking of [your] call for Russia to acquire some of the assets that financial institutions such as European institutions want to get rid of, I should say, Leon, that in most cases these assets are 'toxic' (or just complicated). Who wants to eat expired food? It is a sure way to indigestion."
London Geeks

Even before the ouster of Kudrin, the British were already going apoplectic over the Putin-Medvedev policy coup. The London Financial Times on Sept. 24 quoted an unnamed "senior western banker" who threatened that there would be capital flight against Russia as a result of the Putin-Medvedev announcement, growling that "it's going to be ugly." The banker added: "The oligarchs are going to try and get their money out and foreign investment is going to disappear." Amused, LaRouche responded that the only ones likely to "disappear" in the strategic configuration now taking shape, are the speculators and their London sponsors.

Thursday, September 29, 2011

The Occupied Republic

From: D. de la Paz

The Occupied Republic

For a people without memories and a nation without national pride, the question of independence might be irrelevant. That would be the case until we find ourselves off-balance, alone in a lurch and standing without crutches.

Twenty years is enough time for a political domino to fall and enough to prove the doomsayers correct. In that time we have not had a foreigner owning vast and valuable tracts of real estate and protecting their global interests first and foremost with ours as an afterthought. We have not had a mutual legislature-approved treaty promising the automatic defense of our weak democracy from those directly opposite our shores where roost some of the most aggressive regimes.

A swarm of whining mosquitoes could have overpowered our air force and a fleet of croaking frogs could have sunk our navy. So they said we needed someone else to keep our independence and sovereignty intact. The verbal irony alone should have betrayed the logic of that assumption had not the distinctly Celtic-sounding names of those foisting such grandiloquent declarations been as ironic.

In Celtic Briton in general and in Welsh in particular, combining “gor” - the Cymry word for “spacious” and “din”, the word for “fortress” - the resultant proper noun aptly describes a garrison.

Then and now, a few anachronistic politicians remain steeped in and stupefied by imperial, modern-day colonialism. Some remain comfortable in dependent mendicancy. In that cradle, they subscribe to the indispensability of foreign aid. Others simply remain stupid.

They warned that without foreign bases, foreign investors would leave and virtually orphan us. After all, was not an unfriendly regime just a sea away and was not secession being waged and funded from across unguarded straits in Mindanao.

Two weeks ago, under the sponsorship of the Jose W. Diokno Foundation, the Lorenzo Tanada Foundation and the Constantino Foundation, the country commemorated the anniversary of the abrogation of the country’s last remnant of foreign rule. Twenty years ago twelve senators stood against the indefinite extension of foreign military presence initially agreed to in 1947 by then president Manuel Roxas.

Under the 1947 bases agreement, Roxas allowed foreigners intrusive liberties that denigrated Philippine sovereignty and national self-esteem contributing to a mendicant Filipino culture.

Is it any wonder that we should have a beggar’s psyche? The agreement provided for about twenty-three foreign bases and utilities used exclusively for 99 years. It prohibited the Philippines from hosting any other base. It also allowed foreign nationals in those bases the right to tax, the right to issue licenses, and to establish and control public utilities without congressional approval or franchising. In return, we received corned beef and alphabet soup. We had access to PX goods, bore fatherless G.I. babies and learned to spell out VD, AIDS and HIV.

Arrayed against self-determination and what Renato Constantino Jr. identifies as a “nation’s dignity and interest”, those who would have us continue as an occupied republic evoked frightening apocalyptic images of an economic doomsday.

Fortunately, the domino did not fall.

On the eve of the abrogation, diligent, determined and driven, Corazon Aquino, armed with a sense of duty, aware of her responsibilities as an icon, and supported by some of the best minds of the republic, set the stage for the economic take-off her successor capitalized on. Aquino’s formula for fierce independence was an uncanny chemistry of fortitude and liberalization.

By honoring all debts her government effectively reduced risk and eventually, the cost of capital, thus providing expansion wherewithal. With the liberalization of the banking sector even as she strengthened it through capitalization requisites, much-needed debt capital soon flowed into the economy.

Those that doomsayers said would stay away did not. Cory’s liberalization of the energy and telecommunications industries and the deregulation of the oil sector brought in direct investments from Singapore, Thailand, South Korea, the European Union, the United Kingdom, and China.

Unfortunately, freedom is such that it must be defended constantly. Globalization’s challenges are more complex, the threats of subservience, often insidious. In the last administration, our highest officials and foreign governments attempted to apportion the Philippines and barter away almost a third under the pretext of ancestral domain. For a pittance, the same administration bargained off virtual control of our power backbone where compensation trickles in while prospective expansion capital remains burdened on Filipinos.

However onerous that might seem, its impact on national security is no less as perfidious as Benigno Aquino III’s recent invitation to establish our government’s broadband system to a foreign government with whom we have hostile territorial disputes. Far from diligent and driven, absent a sense of duty and unaware of his responsibilities, it is our misfortune that he fails to recognize betrayal as well as latent threats that sell-out national security, sovereignty and pride.

Indeed, some are without memory.

The South China Sea Dilemma: Options for the Main Actors

RSIS presents the following commentary The South China Sea Dilemma: Options for the Main Actors by Subathra R. Periyaswamy. It is also available online at this link. (To print it, click on this link.). Kindly forward any comments or feedback to the Editor RSIS Commentaries, at
No. 137/2011 dated 29 September 2011

The South China Sea Dilemma:
Options for the Main Actors
By Subathra R. Periyaswamy

Beijing’s attempt to halt Delhi’s oil and gas exploration off the Vietnamese coast is reviving tensions in the South China Sea. What are the challenges and implications for the key actors in the region?

CHINA RECENTLY objected to an Indian-Vietnamese joint venture to explore for oil and gas off the coast of Vietnam, on the ground that it infringed China’s sovereignty over the whole South China Sea. As China’s definition of its core interests expands into areas beyond territorial limits, Chinese assertion of de jure sovereignty over the sea is renewing tensions and exacerbating anxiety among its neighbours in East Asia.
Geostrategic ambitions, historical claims and legal interpretations have led to overlapping claims by other key actors Philippines and Vietnam, as well as disputes with the United States and ASEAN over navigation rights.
Emerging Regional Challenges
The fundamental challenge for the actors is striking a balance between growing Chinese assertiveness and greater regional cooperation, and most importantly avoiding a miscalculation in the process. While economic considerations take precedence, nevertheless the Chinese strategic perspective is crucial to prospects of regional stability. It is imperative that Washington exercise patience and caution to avoid any great-power confrontation and for regional institutions to bolster a unified response to China’s contentious claims.
Beyond historical rights to adjacent seas, Beijing has a keen interest in securing South China Sea waters as a strategic frontier vis-à-vis the US bases in the Asia-Pacific. Beijing’s challenge hardens claimants’ refusal to relinquish their competing rights, while a disconnect between Chinese ambitions and regional needs has its limitations. Hence, it engages in a unique bilateral-multilateral foreign policy with regard to the South China Sea. Multilateralism is invoked as part of its charm offensive to engage with non-East Asian countries such as the US and India, while bilateral ties are employed to pursue interests with individual East Asian countries.
The primacy of economic considerations has underpinned China’s success in pushing its political agenda and expanding its influence, thus placing regional stakeholders in an unfavourable bargaining position. Smaller stakeholders in the Philippines and Vietnam do not want to “lose face” by consenting to China’s every geostrategic move. Moreover, the Philippines and Vietnam have sought to cooperate in maritime and ocean ventures and are keen on having joint ventures in oil and gas exploration with other countries. Hence, they would like to work with China on the South China Sea given a cooperative platform.
But, Beijing’s uncooperativeness and assertiveness have left these countries with no choice but to balance diplomatic engagements with China with economic cooperation with the US or India and joining the US and ASEAN in calling for multilateral resolution of disputed claims.
Bridging the Gap
The US and ASEAN are now faced with the task of bridging the gap between a geopolitically assertive China and a region which sees the need for a multilaterally engaged China focused on a regional agenda rather than just its national interests. The US is increasingly finding itself treading the dangerous line between saying too much and doing too little. If Washington says too much at the behest of regional stakeholders, it will risk a power confrontation with Beijing which sees external interference as an infringement on its sovereignty. If the US does too little it runs the risk of China entrenching itself as the central power in the region.
While the former scenario has the potential to escalate to a military stand-off, the latter will establish new power dynamics ensuring the loss of Washington’s strategic front in Southeast Asia and the erosion of US security and strategic agenda in the Asia-Pacific region. Both these trajectories are unacceptable to the US and creates situations which it wants to eschew. However, ASEAN’s strategic position, political leverage and architecture have the potential to be a catalyst in resolving the South China Sea dilemma, but a lack of consensus among members stalls action.
The US-China relationship will shape global governance as seen in the US debt crisis, with China being the largest foreign holder of US treasuries. It will be unwise for the US to be aggressive in China-Taiwan relations and over the South China Sea. The US must understand China’s needs and challenges and adopt a nuanced policy position. The US should understand the predicament of a new rising power as it was in the same position as China is now, before World War 2. It is time for the US to be gracious in viewing the new rising power as a partner rather than a competitor. If managed carefully, the US can assist China to integrate fully into the evolving and stable international system.
Measured Steps
On the other hand, the role of ASEAN in the South China Sea is crucial in strengthening its multilateral institutional mechanisms and ensuring Washington undertakes measured steps to prevent any miscalculation. Members of ASEAN have taken varying positions in the South China Sea dispute: Laos, Cambodia and Myanmar are sympathetic to China; Malaysia and Indonesia have been cautious towards US interference; Thailand and Singapore are neutral while Vietnam and the Philippines are wary of balance-of-power considerations.
China is approaching a stage of “economic maturity” with the characteristics of a normal rising economic giant whose goal is stability and growth, and will possibly evolve to be a more mature and responsible international actor. Nevertheless, it is natural to expect greater assertiveness and tensions to continue to afflict the South China Sea. But these changes could be more a blessing than a bane; they can help to strengthen the fundamentals of ASEAN and encourage a more proactive and responsible relationship between the traditional superpower and the rising power -- the US and China.
Given the dynamics in the South China Sea disputes, Churchill’s dictum “to jaw-jaw is better than to war-war” has a timeless relevance in the changing geopolitical situation in East Asia.

Subathra R. Periyaswamy is a Research Analyst with the United States Programme in the S. Rajaratnam School of International Studies (RSIS), Nanyang Technological University (NTU).

Managing the South China Sea: Sovereignty is not the Issue

RSIS presents the following commentary Managing the South China Sea: Sovereignty is not the Issue by Sam Bateman. It is also available online at this link. (To print it, click on this link.). Kindly forward any comments or feedback to the Editor RSIS Commentaries, at
No. 136/2011 dated 29 September 2011

Managing the South China Sea:
Sovereignty is not the Issue
By Sam Bateman

Sovereignty disputes and maritime boundaries in the South China Sea will not be resolved in the foreseeable future. Accordingly the claimant countries must change their mindsets from nationalistic assertions of rights to one of functional cooperation and management.
TWO ISSUES confuse discussion of the South China Sea disputes. The first is the mistaken notion that sovereignty over the islands and reefs of the sea can be resolved on a multilateral basis. This is incorrect because sovereignty is fundamentally a bilateral issue for resolution between the states that claim a particular feature.
The second confused idea is that maritime boundaries, or some other segregation of the disputed areas, will be determined by the law. This is also incorrect. The settlement of boundary disputes, like that of sovereignty, is fundamentally a political issue for negotiation between the respective parties.
China is regularly criticised for seeking to discuss the sovereignty disputes in the South China Sea bilaterally. Along with Taiwan and Vietnam, China lays claim to all the insular features of the sea; except the islands in the far south that are under either Malaysian or Indonesian sovereignty, and the islands close to the coast of Vietnam. Some of the disputed features are also claimed by Brunei, Malaysia, and the Philippines.
While arrangements for cooperation in managing the South China Sea and its resources can be discussed multilaterally, sovereignty is a matter for bilateral discussion between the disputing parties. ASEAN, for example, as a regional grouping, cannot discuss sovereignty over particular features with China.
As Ambassador Tommy Koh pointed out in a recent Review Brief in The Straits Times: “ASEAN as a group, does not support or oppose the claims of the four ASEAN claimant states.” He noted that “any perception that the claims of Brunei, Malaysia, the Philippines and Vietnam are backed by ASEAN is incorrect”.
The disputes over the Spratly islands are a difficult issue for ASEAN because the features claimed by the Philippines, Malaysia and Brunei are also claimed by Vietnam. Bilateral resolution of these claims between the ASEAN members would be a major step forward that would then allow subsequent bilateral negotiations with China. However, this step is unlikely while countries focus on asserting their individual claims.
The UN Law of the Sea Convention (UNCLOS) is often cited as the magic document that if properly followed, would resolve the problems of the South China Sea. However, UNCLOS is not intended to address sovereignty disputes. These must be reconciled on a bilateral basis between the disputants. The law of the sea only comes into play when sovereignty over land features has been agreed.
Maritime Boundaries
Maritime boundaries are intended to set limits on sovereignty, jurisdiction and the allocation of resources, and provide a basis for effective management of regional oceans and seas. Without them, good order at sea is much more problematic.
Good order at sea, including effective arrangements for the development and management of resources, is customarily based on cooperation between states and agreed maritime boundaries between them. However, due to the complex geography of the South China Sea and the multiple bordering states, a conventional system of straight line maritime boundaries will be impossible to achieve in many parts of the sea. This situation is aggravated by the difficulties of resolving the sovereignty disputes, including agreement on which insular features qualify as “islands” under international law entitled to a full set of maritime zones.
The UN guidelines for determining maritime boundaries note that the negotiation of a maritime boundary between two or more States is always “political in nature”. The law of the sea can inform negotiations, but ultimately the negotiating countries can agree whatever boundary they like. The same goes for determining some other basis for delineating areas for joint or cooperative management in the South China Sea. The process is essentially a political process between the parties.
Changing Mindsets
The South China Sea disputes will only be settled when the bordering countries change their mindsets from one of sovereignty, sole ownership of resources and seeking “fences in the sea” to one of functional cooperation and cooperative management. Largely led by the Indonesia-sponsored workshops on resolving conflict in the South China Sea, this was where the process was heading in the 1990s and early 2000s. However in recent years it has become bogged down by nationalistic assertions of sovereignty, some of which are ill-founded, which set back any progress towards cooperation with managing the sea, its environment and its resources.
While countries have this nationalistic mindset, settlement of the South China Sea disputes is highly unlikely. Besides the difficulties of negotiating a solution to a problem that involves six parties — one of which, Taiwan, is not recognised by the others as a legal entity — none of the claimants have demonstrated the political will to compromise on their sovereignty claims.
A cooperative management regime is the only solution. The only acceptable framework for such a regime would be a web of provisional arrangements covering cooperation for different functions and perhaps even with different areas for each function. These functions include development of oil and gas resources, fisheries management, marine safety, marine scientific research, good order at sea, and preservation and protection of the marine environment.
Furthermore any agreement or plan along these lines developed by ASEAN members that ignores the position of China is doomed to failure.Discussion of this functional approach must be on the agenda to prevent the South China Sea from simmering away as a major obstacle to regional stability.

Sam Bateman is a Senior Fellow in the Maritime Security Programme at the S. Rajaratnam School of International Studies (RSIS), Nanyang Technological University. He is a former senior Australian naval commodore with research interests in regimes for good order at sea.

Filer's Files

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Filer's Files # 40 - 2011

George A. Filer III.

MUFON Eastern Region Director

September 28, 2011

Photo taken near Foster Lake, Oregon on September 20, 2011.
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In special reports, this week's files cover: Sightings triple, General Mac Arthur Warns of Interplanetary War, Shoot Them Down, We Have Lost Many Men and Planes, Astronaut Mitchell's Testimony, Dead Sea War Scroll, Quietly Star Wars is being Built, Bruce Springsteen Record "Mars Red Dust, and Boeing 787 Enters Service

Unidentified Aerial Phenomena sightings were reported over Arizona, California, Florida, Idaho, Illinois, Missouri, Montana, New Jersey, Nevada, New York, Oregon, Pennsylvania, South Carolina, Texas, and Virginia.

Sightings of UFOs were also reported in Argentina, Australia, Brazil, Canada, and England in the United Kingdom.

The purpose of these files is to report the UFO eyewitness and photo/video evidence that occurs on a daily basis around the world and in space. These Files assume that extraterrestrial intelligent life not only exists, but my hypothesis is that the over a thousand UFOs reported each month represent technologically advanced spacecraft conducting surveillance of Earth. I personally became interested in UFOs when London Control ordered me to intercept one over England while flying for the US Air Force. Under Project Blue Book, the US Air Force investigated UFOs for more than twenty years; and we continue this research. I believe the God of the universe has spread life throughout the cosmos and UFO's are visiting us in ever-increasing numbers.
Special Reports

I spoke with Peter Davenport, who told me,
"Sightings Tripled Over the Summer
for National UFO Reporting Center"

General Mac Arthur Warns of Interplanetary War

GENERAL DOUGLAS MAC ARTHUR, stated in 1955,"The nations of the world will have to unite for the next war will be an interplanetary war. The nations of Earth must someday make a common front against attack by people from other planets."

Shoot Them Down - Frank Feschino's work and detailed research records some of the estimated 200 aircraft lost to UFOs during intercepts.

White House concern may possibly have resulted in an order to shoot down the UFOs, reported in various International News Service (INS) stories on July 29, 1952. E.g., one such story reported that "jet pilots have been placed on a 24-hour nationwide 'alert against the flying saucers' with orders to 'shoot them down' if they ignore orders to land."

An Air Force public information officer, Lt. Col. Moncel Monte, confirmed the directive stating, "The jet pilots are, and have been, under orders to investigate unidentified objects and to shoot them down if they can't talk them down." It was further stated that no pilot had been able to get close enough to take a shot at a "flying saucer, as the objects would disappear or speed away as soon as an interceptor approached, sometimes outflying their pilots by "as much as a thousand miles an hour."

In just June and July of 1952, the U.S. lost NINETY-FOUR fighter jets Worldwide and 51 men confirmed killed. Planes were falling to the ground two and three at a time in some cases. The entire month of September records are missing. According to the NY times ONE HUNDRED AND NINETY-TWO aircraft vanished or were destroyed between the years 1951 and 1956.

The San Francisco Examiner. July 29 1952... "The Air Force revealed today that jet pilots have been placed on twenty-four-hour nationwide 'alert' against 'flying saucers' with orders to 'shoot them down' if they refuse to land."

The Louisville Courier-Journal. July 30, 1952... "Maj. Gen. Roger Ramey, deputy Chief of the Air Force Staff for Operations, told the news conference that interceptor planes have raced aloft several hundred times as a result of reported sighting of unidentified objects. He said that was just standard procedure."

The Fullerton News-Tribune, CA July 26, 1956... "The United States Navy will not publicly admit that it believes in flying saucers, but it has officially ordered combat-ready pilots to 'shoot to kill' if saucers are encountered, OCNS [Orange County News Service] has learned. The information was first learned when Navy pilots navigating trans-Pacific routes from the United States to Hawaii were ordered in a briefing session to engage and identify ' any unidentified flying objects.' If the UFOs (saucers) appeared hostile the briefing officer told the pilots of Los Alamitos Naval Air Station reserve squadron VP 771, they are to be engaged in combat... It was found that the orders are not unusual."
We Have Lost Many Men and Planes

General Benjamin Chidlaw, Head of Air Defense Command...

Uncontested quote, as told to investigative writer Robert Gardner in February of 1953. "We have stacks of reports about flying saucers. We take them seriously when you consider we have lost many men and planes trying to intercept them."

Air Force General Benjamin Wiley Chidlaw, test pilot and engineer who directed development of the first U.S. jets, got another pioneer assignment: create the machines and the organization to defend the U.S. against air attack.

CIA memorandum - "Subject: Flying Saucers." Dated Sept. 24, 1952... H. Marshall Chadwell, Asst. Director of Scientific Intelligence: "A world-wide reporting system has been instituted and major Air Force Bases have been ordered to make interceptions of unidentified flying objects."

Donald Keyhoe, 1973... "In the late 1950s, as a number of futile US chases mounted, some pilots were convinced that the UFOs were immune to gunfire and rockets. Several Intelligence analysts believed the aliens might be using some negative force linked with gravity control to repel or deflect bullets and missiles. But the top control group disagreed. In a special evaluation of US and foreign reports they found evidence that UFOs were not invulnerable. Some had been temporarily crippled, apparently from power or control failures, and a few others had been completely destroyed by strange explosions. In one or two cases, it appeared that missiles or rocket fire could have been the cause."

Astronaut Mitchell's Testimony

01AstronautEdgarMitchellDr. Edgar Mitchell, Apollo 14 astronaut, was the sixth man to walk on the Moon. He has spoken out on the subject of UFOs and how the extraterrestrial issue is handled in some circles of the government: "I have met with credible professionals within two governments who have testified to their own firsthand experiences with close encounters. They include members of military intelligence and government whose official duties involved the extraterrestrial presence. As is expected, they were all bound by strict security oath agreements which prevented them from disclosing any of this. Thanks to Fate Magazine Aug

Editor's Note: During a Television program with the Disclosure Project, I was introduced by Astronaut Edgar Mitchell who told the audience to listen to what I had to say about UFOs. After the show we were talking and he said other astronauts and contacts had seen UFOs and evidence of alien life. He told me to read the Dead Sea Scrolls that they explained what was going on. I said, was referring to the Wars between the Sons of Light and Darkness. He shook his head and smiled and said, "Yes."
Dead Sea War Scroll

The War Scroll describes the final battle in gory detail as righteousness are victorious and evil is destroyed forever. This vivid account gives us insight into how, at about the time of Jesus, some Jews conceived of Armageddon. The first lines of the scroll lay the framework for a three-stage conflict between the Sons of Light-and the Sons of Darkness.

Although this war is said to extend over forty years, the writer of the scroll was particularly concerned with the details of the very final day of battle. After six bloody engagements during this last battle, the Sons of Light and Sons of Darkness are deadlocked in a 3-3 tie. In the seventh and final confrontation "the great hand of God shall overcome Belial and all the angels of his dominion, and all the men of his forces shall be destroyed forever" Finally, the seven savage engagements of the final day of battle are detailed, culminating in a ceremony of thanksgiving on the day following the victory. Good or Light alien forces joined with humans, versus alien forces of darkness joined with certain countries battle for supremacy on Earth.

Quietly Star Wars is being Built

The largest and most expensive weapons program in the US defense budget costing 8.5 Billion dollars is the National Missile Defense (NMD) program. It is designed to develop and deploy an operationally effective weapons system to protect the United States against limited ballistic missile threats, including accidental or launches from rogue nations like North Korea or Iran. The NMD program may also be designed to be used against UFOs?

This above photograph was shown with various NMD photographs and the cruiser USS Lake Erie that detected, tracked, and destroyed a mock two-stage ballistic missile within two minutes of the ballistic missile launch. Shown above I speculate is part of the system intercepting objects in space. Part of this NMD system is the Aegis Ballistic Missile Defense System, that includes US Naval space and ground forces that include other countries such as Turkey, Romania, and Bulgaria. The US and Romania signed a ballistic missile defense agreement on September 3, 2011, for the deployment of SM-3 interceptors (also referred to as the "Aegis Ashore System.")

bLACKSEA.jpgTurkey has agreed to have a radar site and interceptor missiles are expected to be placed in Bulgaria and Romania as an extension of the Pentagon's European and international missile shield.

The Pentagon has acquired the use of seven military bases in Bulgaria and Romania, immediately after both countries were formally inducted into NATO. Washington has also transformed Georgia on the eastern shore of the Black Sea into a military outpost on Russia's southern border and has similar designs on Ukraine.

Bruce Springsteen Record "Mars Red Dust"

RUMSON, NJ -- After more than a year of writing and recording, Bruce Springsteen released his 18th studio album Tuesday, a concept record titled Red Dust that explores the everyday lives and struggles of immigrant workers scraping by in the 23rd-century carbonate mines on Mars.

According to the 61-year-old songwriter, the new tracks depict rugged Martian colonists as they come to question what's happened to their lives, finding themselves saddled with unpayable debts and hard-pressed to put food on the table for their embryonically harvested juvenile-clones.

"These are songs about growing up on a tough planet," said Springsteen, telling reporters that when the idea of humans and aliens working side by side in an extraterrestrial labor colony first occurred to him, he immediately knew he "had to tell their story." "The Martians aren't trying to run away from their lives or make excuses. They're proud of what they do and where they're from, even if the high-impact ion-compression carbonate mining industry isn't what it used to be." says the album taps into the real feelings of blue-collar Martians, humans, and humanoids alike.

"I try to write about universal feelings and desires," Springsteen continued. "There's tragedy, grief, redemption. But there's also nostalgia for one's carefree younger days of racing souped-up hyper-thrust cruisers through the Valles Marineris canyon, and for nights spent chasing Martian girls along the crater-side spaceport."

Springsteen explained that in addition to its stark, poignant portrait of a decaying futuristic mining colony, the album serves as a cautionary tale about the extinction of the galactic middle-class and functions, in itself, as a protest against the policies of a corrupt Planetary Federation that willfully neglects its poorest and neediest organisms.

The album's first single, a swaggering radio-ready stadium anthem called "Dead Man's Home," tells the tale of a construction worker drafted to fight in an unjust interstellar war, only to return disillusioned to his Martian hometown.

Rolling Stone editor David Fricke, have hailed the effort as "another well-executed and stirring tribute to working-class heroes by the Boss and Red Dust lyrics are arguably Springsteen's finest work.

"We drill our way through thick basalt

Beneath a distant sun.

The two moons rise and nothing's left

But red dust in our lungs"

The album is currently available for purchase in stores and online, with 10 percent of all proceeds going to the Red Dust Fund to help poor Martian miners should they ever come into existence. This is a High Resolution Stereo Camera (HRSC) on board ESA's Mars Express spacecraft, that shows the depression of Juventae Chasma and the mine with an apparent sign, cut into the plains of Lunae Planum.

Note: I would appreciate help in reaching Bruce Springsteen.

William Brophy writes, "Col Ed Black mentions the 1943 meeting at Guantanamo Navy Base in Cuba with the Delta Alien group, this has to do with the Feb 25, 1942 shoot down of a Scoutship on South Vermont Ave in Los Angeles which killed two tall blond Nordics which were recovered by Col Joseph Davidson from March Army Air Force Base. These Nordics operate on the Moon and El Yunque, Puerto Rico., WB

Boeing 787 Enters Service

On September 27, 2011, pilots from All Nippon Airways (ANA) pushed the power levers forward on the first Boeing 787 to enter service. Moments later, the eighth 787 off of the assembly line was rolling down the runway at Paine Field near Seattle where the airplane was assembled. With a number of VIPs on board, including ANA's CEO Shinichiro Ito, the Dreamliner departed for a nine-plus hour flight to Japan. Ito expressed his happiness at taking delivery of the company's first 787, even if it is three years behind schedule. He cited the company's plan to expand beyond Japan to other nations.

"We are delighted to be taking delivery finally of our first 787, that will enable us to offer unrivalled standards of service and comfort to our passengers and will play a key part in ANA's plans for international expansion.

The airline will have four 787s in service by the end of the year and 12 of the Dreamliners based in Japan by early 2012.

Sightings in the United States

Arizona Sightings

BARRY GOLDWATER RANGE -- On September 9, 2011, at the Barry M. Goldwater Air Force Range my wife was dropping me off at work and I noticed something shiny in the sky. When I had looked again it was blinking. There were four objects in the sky plus disc shaped objects that were glowing. These objects were disappearing and reappearing almost in a slanted line from about 500 feet to almost where the sun was located. When the objects disappeared they left a shadow and appeared almost directly on top of their previous location, like blinking Christmas lights. Barry M. Goldwater Air force Range is south of the location where the sighting had occurred. Thanks to MUFON CMS

Maricopa -- on September 9, 2011, at 12 AM, an object caught my eye pulsing a little and moving SSW with white and green/light blue. I immediately focused my binoculars on it and to my surprise, it was changing shapes from a tetrahedral shape to a more oval shape and back and forth again. I am 47 years old, and have seen plenty of craft, meteors and lunar eclipses etc. and this was NOT anything like that. The object was a shape-shifting phenomenon that shot out two beams of a "laser" light and was spinning slowly in the tetrahedral form it took then. Thanks to John Wolanin and MUFON CMS.

California Disc

CLsanFran9Sep11.gifSAN FRANCISCO -- While waiting for a tran at the airport on September 9, 2011, I noticed an object that appeared to be glowing in the distance and using my phone, I took the first picture. The object appeared to be hovering.

As soon as I took the first picture, the object darted to the second position. I snapped the second picture one second later as soon as the camera would allow. The object then appeared to vanish! The time was about 9:15 PM. Thanks to MUFON CMS

Fortuna -- William Mobley Writes, "Mr. Filer, I wrote to you before but now there are other things happening here each night with at least seven craft hovering and flying everywhere. Some try to look like planes with the red and white lights and one that shows a big star light each night and flies over my place headed west towards the ocean. I think it's a giant ship for every now and then I see an outline with two lights behind the ship. Last week, this thing that looked like a giant bird or dragon flew over our head about as high as a telephone pole with a hazy look and mostly invisible. Three of us saw this thing and I freaked out it was so low. Thanks to William Mobley

Dulzura -- On September 7, 2011, about 2:30 PM, I didn't see this object when I was taking the picture of the bird at lower left of the picture. When I shot the picture the sun was so bright, I didn't see anything on the right side of the bird.

Note: The pink colored anomaly to the right side of the photo is likely a lens flare due to the reflection of the sun on the camera lens and not a real object. The reflection could be the reflection of the sun from another object. Thanks to William Puckett Director UFOs Northwest
Florida Abduction

Gulf Breeze -- I fell asleep in my recliner about 9 PM, with both of my dogs sleeping on both sides of my chair with my boyfriend on the couch next to me asleep also. At 3 AM, I awoke to a horrific jabbing pain in my mid-lower back right on my spinal column. Upon awakening I can vividly remember sitting up and grabbing my back at the same I turned to sit all the way up I saw a "large human like figure" turn away from me and proceeded to walk toward my front door with some sort of very large clear syringe he placed on his right hip like a gun. I remember trying to scream out and pointed at the same time but "nothing" would come out and I could not produce even a whisper. It was as if he possessed some sort of immortal power over my actions. He never once turned around where I could see his face but he was all "black" and on a mission he needed to complete?"..."very muscular and strong in appearance".

I remember immediately grabbing my arms and saying to myself, "Oh my God...I am not dreaming...this really did happen and this alien creature just inserted something into my back...or took something out."...I had no further pain from that episode and could not bring myself to tell my boyfriend for six months. Both my dogs never even budged and my boyfriend didn't wake up during the incident. I wasn't scared perhaps because he never showed his face. I don't know if he possibly abducted me and had just finished bringing me back. I "do know" he had just finished using that large syringe on me and placing that syringe to his hip "holster". I saw him walking towards the front door and veered to the vent as if he had come from "it".

I then faded out for thirty minutes and awoke with a very clear vivid remembrance of this event. I never believed or even thought something like this could be true but I now KNOW they are out there and in OUR homes! They are "quiet", "meticulous", "strong", "unafraid", and I think "curious" in nature. They seem to be in different time zone and quietly appear as they want to. Things are still happening here in Gulf Breeze and now in my new residence as "glowing type" foot prints are appearing continually everywhere on my carpet during the night! Why do full grown aliens walk around in our homes? I really am not scared because I have never lost faith in my God. Thanks to MUFON CMS

Idaho Disc

BOISE -- I just got this accidentally, I was recording the sun and when I played it back I saw the thing fly by. I loaded it and blew it up and it is weird to say the least. It was shot straight upwards. The tip of the tree is about 30 feet up and below is the video of the object. The object was shooting straight up not sideways. Thanks to MUFON CMS

Illinois Orange Orb Lights

Lake in the Hills -- I witnessed for ten minutes large orange orb lights in Northwest Illinois and took this photo on September 17, 2011, at 8:45 PM. The first ones started out in a triangle formation, then single orbs. They flew by pretty fast but I heard no noise and there were no trails. There were lightning type flashes in the beginning.

After 15 minutes the orange orbs flew in a linear direction towards some streaky clouds and I took a video. Thanks to William Puckett Director UFOs Northwest

Missouri Orbs

Raytown -- I live in a ten miles square wooded area between two cities with a nice unobstructed view of the sky. On July 12, 2011, at 8:30 PM, I was taking pictures of the clouds and noticed a perfectly straight anomaly line hiding the altocumulus clouds. I was immediately calling it a cloaking device of a UFO.

I took seven photos and four showed objects at the front of the cloaking device. I did not notice the object/reflections until I down loaded the photos. There appeared to be an object with the front reflecting the sun off a window or metallic material. The UFO became more apparent as the clouds moved. The object was stationary based on the sequence of photos I took.

I ran inside to show my boyfriend the pictures. I live seven miles from a nuclear power plant. Kansas City Star had UFO reports on September 4th, 2011. Thanks to MUFON CMS
Montana Fireball

Missoula -- We went for a walk downtown by the Missoula Heart Institute on September 25, 2011, and saw a big ball of fire moving very slowly across the sky. I took photos at 8:28, 8:29 and 8:30 PM. The photos have not been altered. I used a Fuji A230 camera. I told my daughter to turn and look and told her to make a wish. This all took a while and the extremely large ball of fire with a tale was visible the whole time. We went back to the room provided by the hospital and told my wife what we had seen. My daughter had heart surgery the next day. I checked all the newspapers and thought everyone would be talking about it, but no one reported it. Thanks to MUFON CMS
New Jersey Disc and Cylinder

LUMBERTON -- On Saturday July 30, 2011, I was out walking my dogs shortly before 9 pm, in dark area so I took a powerful spotlight with me, and observed a very bright brilliant red-orange "fireball," comparable to four times the size of Venus. It flew directly over top of me about 2000 feet and vanished. Within ten seconds a second similar object was visible in the northern horizon. At this point I asked my wife to bring her Nikon D5000 camera and our daughter to come out and look at the object. I grabbed my spotlight (15 million candlepower) and began to shine it on the object as wife took pictures. After three bursts of the spotlight, the bright red-orange light on the object ceased.

I was able to observe the object was solid, had a round circular shape, was rotating counter-clockwise. It was 50-60% the size of the full moon with a silver color that reflected the spotlight beam. The object continued on a southerly course with no sound, and no visible light, until we could no longer see it.

I am an avid amateur astronomer with many years of experience. I am most puzzled by the way the object immediately cut out its light when I focused a spotlight on it. What we saw was certainly extraordinary. Thanks to Peter Davenport, Director National UFO Reporting Center

CHERRY HILL -- I stepped outside my front door with my dog and between my house and my neighbors was a 30 x 15 foot cigar shaped object in the late afternoon of June or July of 1968. It was light grey metal, silently hovering between our two houses, about ten feet above roof lines in the Scarborough Farms housing area. It had four very large square windows positioned left to right, one each-pink, yellow, green, and blue. All were opaque so I could not see inside. It was totally silent, and motionless. I quickly called my five year old son and we both watched and he remembers it to this day. We both had time to watch it together, I waved as there was clearly no harm intended to us. Within a few seconds of my waving, it made a silent and extraordinarily rapid ascent at about a 50 degree angle up into the sky. It quickly made an abrupt turn and ascent to its left and disappeared from view in seconds. The entire experience lasted about 10 minutes.

I called the Cherry Hill police department to report the sighting. The officer who answered my call was very impatient, and told me to "...get off the phone, lady. We've already had over 200 calls reporting it..." My son, who saw the UFO, is now 48, a lawyer and still affirms that he saw the UFO.

I report it now because some years later, in 1989, I had an abduction experience in Dayton, Ohio and not easily fooled by sensationalist thinking. Thanks to MUFON CMS
Nevada Square Object

LAS VEGAS -- Woke up at 4:30 am to use the restroom on September 23, 2011, to see a square object about 500 feet away in the eastern sky. The lights that illuminated it were in a square shape. The four lights were solid with other lights in the middle of the box that blinked underneath it. It flew very fast and was heading east, then turned south and headed towards the airport. Thanks to MUFON CMS
New York Triangle

Islip -- I was taking my dog out for a walk on August 18, 2011, and noticed three bright orange lights in a triangle formation to my left in the sky between some tree branches. We ran back into the house so I could grab my cell phone. My dog would not go back outside so I went out alone and now there were four orange lights in a staggered formation moving slowly NE as I videotaped them on my I-phone. Two lights just "blinked out". Then from the west a 5th light traveling extremely fast came to a complete stop and hovered. Then it followed in the direction of the first four lights. They all eventually "blinked out." My dog refused to go outside until the next morning. Thanks to MUFON CMS

Oregon Disc

ORfoster lake20Sep11..gif

SWEET HOME -- This photo was taken on September 20, 2011, near Foster Lake. Thanks to Mufon Cms

Pennsylvania Orbs

GETTYSBURG -- I have a habit of looking up at the sky an noticed two orange orbs flying in formation. I said "Mom what the heck is that?" She said, "Probably a plane honey." She gots up off the steps and sees them and hollers for my husband and his friend to come outside. The whole family watches these orbs including my six year old daughter who is very scared. These two orbs were flying wobbly next to each other with no sound or lights. They look like a miniature sun with a tint of red that moved in a circled motion around the object. Eventually I lost sight of them.

I look up again and see another object with the same swaying/wobbly motion and size as the others.

After flying a good distance it stopped and hovered as my mother in law took pictures before it dimmed out. Thanks to MUFON CMS

Vandergrift -- Dave Writes, "I'm 29 years old over the past three months I have seen four ufos ranging from cigar shaped balls of light, to a huge disc the size of two football fields. The greatest thing about what I witnessed was that it was in daylight. There was no noise coming from any of the ufos I saw, the cigar and ball of light move along slowly then took off at a fast speed. The huge disc came across the sky, slightly turned upward and disappeared; it was like it went through some kind of worm hole. A bunch of people witnessed the huge disc around 7:30 pm in mid may.

I witnessed my first ufo at 16, and know our government is hiding et's from us. It's arrogant and stupid to think we're alone in this universe. I believe this is the greatest discovery of our lives knowing that there are intelligent beings out there and that we could possibly be friends and travel the universe with them. I think the government fears the fact that we could leave earth and go where ever we want. Why stay here on earth when we could go live peacefully and equally with another race of beings. I hope that we, the people, will be able to leave this planet freely whenever we want sometime soon so we can truly evolve and explore this blackness we live in. beliefs, hopes, and my life changing experiences with ufos. Thanks to Dave Thomas

Cedar Run -- I took this photo of fireball orbs over Cedar Run, on September 17, 2011, at 10:08 PM.

Note: Orange orbs were also sighted in Conneaut Park, Pennsylvania on September 17 about 90 minutes earlier.

Thanks to William Puckett Director UFOs Northwest

Texas Triangular

AUSTIN -- On September 19, 2011, around 9:50 PM, I just happened to be sitting outside in a chair looking at the stars for a moment when from the north about ten triangular objects flew south over my house and out of my view. The objects had no lights but I could see them because they were tan or gray color and lighter than the background sky.

I am an amateur astronomer, and I have a decent telescope, and I do look at the sky quite often, and have never seen anything like this. The objects looked quite similar to a Stealth bomber with triangular long wings, but had no lights. I could see them very easily and they made no sound. I noticed someone in Dallas saw similar objects last night. Thanks to MUFON CMS

My daughter texted me with this message, "Dad I just saw a UFO and got this picture on September 22, 2011, just after looking at UFO pictures. I called and she was very upset telling me she was scared cause she went outside to walk baby when she felt she was being watched, as she looked up between trees above small trailer in backyard she saw a hovering craft that didn't look like a plane. She took a picture and grabbed the baby and headed back to house, then looking back at the object it was gone. She was really upset. She said, "Look between the trees to see an object that looks odd in the picnic I sent. This is a great picture as good as any. My daughter saw what I saw 40 years ago in same area. I'm 53 now and have been a truck driver who has seen numerous ufos on my trips to LA driving west on Interstate 10 and 40. This picture needs to be seen. Thanks to MUFON CMS

Virginia Creature

Roanoke -- I was driving and began to slow down when the car in front of me slammed on their brakes at 2 PM on August 7, 2011. Half way through shouting at the woman in the car in front of me, I saw why she had made such a quick stop. There was a grey figure, about 6'5" with very long fingers, no eyes, mouth or nose that I could see. The grey color of it was lighter on the bottom, and faded into a darker shade towards its chest. And its fingers were at least 10" long. Traffic was at a standstill as there seven cars stopped as we watched the creature walk up a hill into the forest. Eventually the Roanoke County Police came and one went into the woods only to come out pale and shaking about half a mile from Tanglewood Shopping Center. I found nothing in the local news about the grey creature.

Note: Whew if this is true, one has to wonder what this creature would be. Perhaps someone playing a joke in a costume? I believe that the witness is recounting a true experience because he provided full contact information and he recalls the exact location of the sighting. Anyone with information about this sighting is urged to file a report.

Update: September 18, 2011 - The Unsolved Mysteries & Paranormal Society of Virginia captured a photo of an unknown entity on the same day as the above sighting. This group will be interviewing the witness who reported this sighting. Thanks to William Puckett Director UFOs Northwest
Worldwide UFO Sightings

Argentina Sequence UFO Photos

BUENOS AIRES -- A sequence of three photographs was taken this afternoon at 16:28 hours under a clear sky on September 21, 2011, with a Panasonic FZ 28 18 x optical zoom and 10 megapixels. This is the middle one of three photos showing the UFO overtaking the commercial aircraft. Thanks to MUFON CMS

Buenos Aires -- On Monday, September 26, 2011, 43-years-old Silvina Espinoza was killed when a UFO fell from the sky and caused an explosion at 2 AM. Multiple witnesses described a red and blue "ball of fire" that descended from the heavens prior to the incident. Thanks to the Buenos Aires Herald

Australia Films

MELBOURNE -- The photographer took a series of images taken over various dates going back to May 2010. For video or more photos, email me.

Thanks to MUFON CMS

Eagle Vale NSW -- The bright object made no sound travelling from Picton Narrelan to across Eagle Vale NSW headed towards Hoxton Park at 5:45 pm, on September 21, 2011. The Object was relatively slow for an airplane compared to the planes that fly overhead.
Some footage was taped using an older style camcorder that will need some hardware to convert the beta tapes to digital so it can be uploaded. Thanks to

Brazil Creature

On September 21, 2011, I think I have some of the most exciting evidence ever that is very real that changed my life. I want to say here that aliens exist! I also have a picture which I took of the video which I will send for you to preview. The creature heard me and something amazing happens in this video that has to be shown to you in person. Thanks to MUFON CMS

Canada Chemtrails

Scarborough-- Three planes showed up early on September 16, 2011, as I stepped out for a quick smoke. I looked south and noticed two dark black things moving across the sky. I ran into my work and grabbed my camera and thirty 30 seconds later, I'm back out and start shooting them. I took six pictures as they slowly moved westward way up there. I really wondered what they were considering their altitude and movement. Thanks to Paul Shishis

KELOWNA -- I was at work on the car sales lot and noticed there were a number of Jet contrails overhead on September 23, 2011, so I decided to take a few photos. I downloaded the photographs to my computer and saw a small object out in front and above the jet. There was also a very tiny dot behind and above the jet. When you zoom in on the photo you can clearly see a huge disc shaped object above and in front of the jet and a smaller disc shaped object flying on an angle behind and above the jet, almost in line with the disc out front. I was totally shocked and surprised to see these two objects in the photograph and all my coworkers were just as surprised as I was.

They fly along with an unmarked jet spewing contrails or Chemtrails? I went outside again about a half hour later to phtograph another one of these jets and to my amazement there is an unidentified object behind and above that jet as well. It's a different shape almost looks wedge or arrow shaped but about the same size as the jet in the photo. Don't know what's going on here but it is pretty curious! These jet pilots had to have known these objects were there, especially the first one as the disc out front and above is as big if not bigger than the jet itself! I get the distinct feeling that we are being lied to and not in any small way either!

The government knows a heck of a lot more than they are saying! These objects seem to me to be working in unison with these jets. And just what exactly is in those contrails? There were at least twenty of these flights over yesterday at about the same altitude with different flight paths all spewing these large contrails. It seems to be happening on a daily basis lately. I will definitely be taking more photos to see how common the UFO s are with them! When I downloaded the images to my computer I could see the objects. One had a disc shape with a shadow on the bottom and is sunlit on the top. The back disc of the disc is lit from the sun on the front edge while the back is in shadow. These jets have no external markings of any kind. Just plain white jets spewing plain white contrails. Thanks to MUFON CMS

Note: Similar observations are becoming common indicating alarming situation.

UK/ England Disc

Honiton in Devon -- I was out taking photos on March 7, 2011, and didn't see the disc at the time, until I got the film developed. You can see in the top right is what I seem to have captured on film, any ideas? Imaged scanned in. Thanks to MUFON CMS

HONITON -- On August 18, 2011, another photo of unidentified object was taken. Thanks to MUFON CMS

UFO Conferences

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Filer's Files #40 2011 - Flying Saucer Air Wars of 1952, Astronaut Edgar Mitchell Testimony

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The Money Masters: Behind the Global Debt Crisis


Dear Friends,
Global Research, Canada has republished my article that originally appeared in Inssue No. 128 of New Dawn Magazine (Australia) explaining how the global financial system and its crises are engineered…
It’s called “The Money Masters: Behind the Global Debt Crisis.” And you can read it at:
Best regards,

The Money Masters: Behind the Global Debt Crisis

By Adrian Salbuchi
Global Research, September 26, 2011
New Dawn Magazine No. 128 (September-October 2011)

In the US, we see untold millions suffering from the impact of mass foreclosures and unemployment; in Greece, Spain, Portugal, Ireland, and Italy, stringent austerity measures are imposed upon the whole population; all coupled with major banking collapses in Iceland, the UK and the US, and indecent bail-outs of “too-big-to-fail” bankers (Newspeak for too powerful to fail).

No doubt, the bulk of the responsibility for these debacles falls squarely on the shoulders of caretaker governments in these countries that are subordinated to Money Power interests and objectives. In country after country, that comes together with embedded corruption, particularly evident today in the UK, Italy and the US.

As we assess some of the key components of today’s Global Financial, Currency and Banking Model in this article, readers will hopefully get a better understanding as to why we are all in such a crisis, and that it will tend to get much worse in the months and years to come.
Foundations of a Failed and False Model
Hiding behind the mask of false “laws” allegedly governing “globalised markets and economies,” this Financial Model has allowed a small group of people to amass and wield huge and overwhelming power over markets, corporations, industries, governments and the global media. The irresponsible and criminal consequences of their actions are now clear for all to see.
The “Model” we will briefly describe, falls within the framework of a much vaster Global Power System that is grossly unjust and was conceived and designed from the lofty heights of private geopolitical and geo-economic1 planning centres that function to promote the Global Power Elite’s agenda as they prepare their “New World Order” – again, Newspeak for a Coming World Government.2
Specifically, we are talking about key think tanks like the Council on Foreign Relations, the Trilateral Commission, the Bilderberg Group, and other similar entities such as the Cato Institute (Monetary Issues), American Enterprise Institute and the Project for a New American Century that conform an intricate, solid, tight and very powerful network, engineering and managing New World Order interests, goals and objectives.
Writing from the stance of an Argentine citizen, I admit we have some “advantages” over the citizens of industrialised countries as the US, UK, European Union, Japan or Australia, in that over the last few decades we have had direct experience of successive catastrophic national crises emanating from inflation, hyper-inflation, systemic banking collapse, currency revamps, sovereign debt bond mega-swaps, military coups and lost wars…
Finance vs the Economy
The Financial system (i.e., a basically unreal Virtual, symbolic and parasitic world), increasingly functions in a direction that is contrary to the interest of the Real Economy (i.e., the Real and concrete world of work, production, manufacturing, creativity, toil, effort and sacrifice done by real people). Over the past decades, Finance and the Economy have gone their totally separate and antagonistic ways, and no longer function in a healthy and balanced relationship that prioritises the Common Good of We the People. This huge conflict between the two can be seen, amongst other places, in today’s Financial and Economic System, whose main support lies in the Debt Paradigm, i.e., that nothing can be done unless you first have credit, financing and loans to do it. Thus, the Real Economy becomes dependent on and distorted by the objectives, interests and fluctuations of Virtual Finance.3
Debt-Based System
The Real Economy should be financed with genuine funds; however with time, the Global Banking Elite succeeded in getting one Sovereign Nation-State after another to give up its inalienable function of supplying the correct quantity of National Currency as the primary financial instrument to finance the Real Economy. That requires decided action through Policies centred on promoting the Common Good of We The People in each country, and securing the National Interest against the perils posed by internal and external adversaries.
Thus, we can better understand why the financial “law” that requires central banks to always be totally “independent” of Government and the State has become a veritable dogma. This is just another way of ensuring that central banking should always be fully subordinated to the interests of the private banking over-world – both locally in each country, as well as globally.
We find this to prevail in all countries: Argentina, Brazil, Japan, Mexico, the European Union and in just about every other country that adopts so-called “Western” financial practice. Perhaps the best (or rather, the worst) example of this is the United States where the Federal Reserve System is a privately controlled institution outright, with around 97% of its shares being owned by the member banks themselves (admittedly, it does have a very special stock scheme), even though the bankers running “Fed” do everything they can to make it appear as if it is a “public” entity operated by Government, something that it is definitely not.
One of the Global Banking Over-world’s permanent goals is – and has been – to maintain full control over all central banks in just about every country, in order to be able to control their public currencies.4 This, in turn, allows them to impose a fundamental (for them) condition whereby there is never the right quantity of public currency to satisfy the true demand and needs of the Real Economy. That is when those very same private banks that control central banking come on scene to “satisfy the demand for money” of the Real Economy by artificially generating private bank money out of nothing. They call it “credits and loans” and offer to supply it to the Real Economy, but with an “added value” (for them): (a) they will charge interest for them (often at usury levels) and, (b) they will create most of that private bank money out of thin air through the fractional lending system.
At a Geo-economic level, this has also served to generate huge and unnecessary public sovereign debts in country after country all over the world. Argentina is a good example, whose Caretaker Governments are systematically ignorant and unwilling to use one of the sovereign state’s key powers: the issuance ofhigh power non-interest generating Public Money (see below for a more detailed definition). Instead, Argentina has allowed IMF (International Monetary Fund) so-called “recipes” that reflect the global banking cartel’s own interests to be imposed upon it in fundamental matters like what are the proper functions of its Central Bank, sovereign debt, fiscal policy, and other monetary, banking and financial mechanisms, that are thus systematically used against the Common Good of the Argentine People andagainst the National Interest of the country.
This system and its dreadful results, now and in the past, are so similar in so many other countries –Brazil, Mexico, Greece, Ireland, Iceland, UK, Portugal, Spain, Italy, Indonesia, Hungary, Russia, Ukraine… that it can only reflect a well thought-out and engineered plan, emanating from the highest planning echelons of the Global Power Elite.
Fractional Bank Lending
This banking concept is in use throughout the world’s financial markets, and allows private banks to generate “virtual” Money out of thin air (i.e., scriptural annotations and electronic entries into current and savings accounts, and a vast array of lines of credit), in a ratio that is 8, 10, 30, 50 times or more largerthan the actual amount of cash (i.e., public money) held by the bank in its vaults. In exchange for lending this private “money” created out of nothing, bankers collect interest, demand collateral with intrinsic value and if the debtor defaults they can then foreclose on their property or other assets.
The ratio that exists between the amount of Dollars or Pesos in its vaults and the amount of credit private banks generate is determined by the central banking authority which fixes the fractional lending leverage level (which is why controlling the central bank is so vital strategically for private banker cartels). This leverage level is a statistical reserve based on actuarial calculations of the portion of account holders who in normal time go to their banks or ATM machines to withdraw their money in cash (i.e., in public money notes). The key factor here is that this works fine in “normal” times, however “normal” is basically acollective psychology concept intimately linked to what those account holders, and the population at large, perceive regarding the financial system in general and each bank in particular.
So, when for whatever reason, “abnormal” times hit – i.e., every time there are (subtly predictable) periodic crises, bank runs, collapses and panics, which seem to suddenly explode as happened in Argentina in 2001 and as is now happening in the US, UK, Ireland, Greece, Iceland, Portugal, Spain, Italy and a growing number of countries – we see all bank account holders running to their banks to try to get their money out in cash. That’s when they discover that there is not enough cash in their banks to pay, save for a small fraction of account holders (usually insiders “in the know” or “friends of the bankers”).
For the rest of us mortals “there is no more money left,” which means that they must resort to whatever public insurance scheme may or may not be in place (e.g., in the US, the state-owned Federal Deposit Insurance Corporation that “insures” up to US$250,000 per account holder with taxpayer money). In countries like Argentina, however, there is no other option but to go out on the streets banging pots and pans against those ominous, solid and firmly closed bronze bank gates and doors. All thanks to the fraudulent fractional bank lending system.
Investment Banking
In the US, so called “Commercial Banks” are those that have large portfolios of checking, savings and fixed deposit accounts for people and companies (e.g., such main street names as CitiBank, Bank of America, JPMorganChase, etc.; in Argentina, we have Standard Bank, BBVA, Galicia, HSBC and others). Commercial Banks operate with fractional lending leverage levels that allow them to lend out “virtual” dollars or pesos for amounts equal to 6, 8 or 10 times the cash actually held in their vaults; these banks are usually more closely supervised by the local monetary authorities of the country.
A different story, however, we had in the US (and still have elsewhere) with so-called global “Investment Banks” (those that make the mega-loans to corporations, major clients and sovereign states), over which there is much less control, so that their leveraging fractional lending ratios are far, far higher. This greater flexibility is what allowed investment banks in the US to “make loans” by, for example, creating out of thin air 26 “virtual” Dollars for every real Dollar in cash they held in their vaults (i.e., Goldman Sachs), or 30 virtual Dollars (Morgan Stanley), or more than 60 virtual Dollars (Merrill Lynch until just before it folded on 15 Sept 2008), or more than 100 virtual Dollars in the cases of collapsed banks Bear Stearns and Lehman Brothers.5
Private Money vs Public Money
At this point in our review, it is essential to very clearly distinguish between two types of Money or Currency:
Private Money – This is “Virtual” Money created out of thin air by the private banking system. It generates interests on loans, which increases the amount of Private money in (electronic) circulation, and spreads and expands throughout the entire economy. We then perceive this as “inflation.” In actual fact, the main cause of inflation in the economy is structural to the interest-bearing fractional lending banking system,even among industrialised countries. The cause of inflation nowadays is not so much the excessive issuance of Public Money by Government as all so-called banking experts would have us believe but, rather, the combined effect of fractional lending and interest on private banking money.
Public Money – This is the only Real Money there is. It is the actual notes issued by the national currency entity holding a monopoly (i.e., the central bank or some such government agency) and, as Public Money, it does not generate interest, and should not be created by anyone other than the State. Anybody else doing this is a counterfeiter and should end up in jail because counterfeiting Public Money is equivalent to robbing the Real Economy (i.e., “we, the working people”) of their work, toil and production capabilities without contributing anything in return in terms of socially productive work. The same should apply to private bankers under the present fractional lending system: counterfeiting money (i.e., creating it out of thin air as a ledger entry or electronic blip on a computer screen) is equivalent to robbing the Real Economy of its work and production capacity without contributing any counter-value in terms of work.
Why We Have Financial Crises
A fundamental concept that lies at the very heart of the present Financial Model can be found in the wayhuge parasitic profits on the one hand, and catastrophic systemic losses on the other, are effectively transferred to specific sectors of the economy, throughout the entire system, beyond borders and public control.
As with all models, the one we suffer today has its own internal logic which, once properly understood, makes that model predictable. The people who designed it know full well that it is governed by grand cycles having specific expansion and contraction stages, and specific timelines. Thus, they can ensure that in bull market times of growth and gigantic profits (i.e., whilst the system, grows and grows, is relatively stable and generates tons of money out of nothing), all profits are privatised making them flow towards specific institutions, economic sectors, shareholders, speculators, CEO and top management & trader bonuses, “investors”, etc who operate the gears and maintain the whole system properly tuned and working.
However, they also know that – like all roller coaster rides – when you reach the very top, the system turns into a bear market that destabilises, spins out of control, contracts and irremediably collapses, as happened to Argentina in 2001 and to the better part of the world since 2008, then all losses are socialised by making Governments absorb them through the most varied transference mechanisms that dump these huge losses onto the population at large (whether in the form of generalised inflation, catastrophic hyperinflation, banking collapses, bail-outs, tax hikes, debt defaults, forced nationalisations, extreme austerity measures, etc).
The Four-sided Global “Ponzi” Pyramid Scheme
As we know, all good pyramids have four sides, and since the Global Financial System is based on a “Ponzi” Pyramid Scheme, there’s no reason why this particular pyramid should not have four sides as well.
Below is a summary of the Four-side Global “Ponzi” Pyramid Scheme that lies at the core of today’s Financial Model, indicating how these four “sides” function in a coordinated, consistent, and sequential manner.
Side One – Create Public Money Insufficiency. This is achieved, as we explained above, by controlling the National Public entity that issues public money. Its goal is to demonetise the Real Economy so that the latter is forced to seek “alternative funding” for its needs (i.e., so that it has no choice but to resort to private bank loans).
Side Two – Impose Private Banking Fractional Lending Loans. This, as we said, is virtual private money created out of thin air on which bankers charge interest – often at usury levels – thus generating enormous profit for “investors,” creditors and all sorts of entities and individuals who operate as parasites living off other people’s work. This would never have been the case if each local central bank were to flexibly generate the correct quantity of Public Money necessary to satisfy the needs of the Real Economy in each country and region.
Side Three – Promote a Debt-Based Economic System. In fact, the whole Pyramid Model is based on being able to promote this generalised paradigm that falsely states that what really “moves” the private and public economy is not so much work, creativity, toil and effort of workers, but rather “private investors,” “bank loans” and “credit” – i.e., indebtedness. With time, this paradigm has replaced the infinitely wiser, sounder, more balanced and solid concept of corporate profit being reinvested and genuine personal savings being the foundation for future prosperity and security. Pretty much the way Henry Ford, Sr. originally grew his most successful company.
Today, however, Debt reigns supreme and this paradigm has become entrenched and embedded into people’s minds thanks to the mainstream media and specialised journals and publications, combined with Ivy League universities’ Economics Departments that have all succeeded in imposing such “politically correct” thinking with respect to financial matters, especially those relating to the proper nature and function of Public Money.
The facts are that this Model generates unnecessary loans so that banking creditors can receive huge profits, which includes promoting uncontrolled, unwarranted and often pathological consumerism, which goes hand in hand with the increasing abandonment of the traditional value of “saving for a rainy day.”
Such debts having political and strategic goals rather than merely financial ones, are usually given a thin layer of “legality” so that they may be imposed by the creditor on the debtor (i.e., in the case of The Merchant of Venice, the bond entered into between Antonio and Shylock giving the latter the legal right to a pound of the former’s flesh; in the case of chronically indebted countries like Argentina, such “legality” is achieved through a complex public debt laundering6 mechanism carried out by successive formally “democratic” Caretaker Governments to this very day).
Side Four – Privatisation of Profits/Socialisation of Losses. Lastly, and knowing full well that, in the long run, the numbers of the entire Cycle of this Model never add up, and that the whole system will inevitably come crashing down, the Model imposes a highly complex and often subtle financial, legal and media engineering that allows privatising profits and socialising losses. In Argentina, this cycle has become increasingly visible for those who want to see it, because in our country the local “Ponzi” Pyramid Cycle lasts on average 15 to 17 years, i.e., we’ve had successive collapses involving brutal devaluation (1975), hyperinflation (1989) and systemic banking collapse (2001), however in the industrialised world, that cycle was made to last almost 80 years (i.e., three generations spanning from 1929 to 2008).
The fundamental cause of today’s on-going global financial collapse that exerts massive distortions over the Real Economy – and the ensuing social hardship, suffering and violence – is clear: Virtual Finance has usurped a pedestal of supremacy over the Real Economy, which does not legitimately belong to it.Finance must always be subordinated to, and in the service of, the Real Economy just as the Economy must heed the law and social needs of the Political Model executed by a Sovereign Nation-State (as we back-engineer this entire system, we thus understand why it is necessary for the Global Power Elite to first erode the sovereign Nation-State and to eventually do away with it altogether, in order to achieve its monetary, financial and political ends).
In fact, if we look at matters in their proper perspective, we will see that most national economies are pretty much intact, in spite of having been badly bruised by the financial collapse. It is Finance that is in the midst of a massive global collapse, as this Model of “Ponzi” Finance has grown into a sort of malignant “cancerous tumour” that has now “metastasised,” threatening to kill the whole economy and social body politic, in just about every country in the world, and certainly in the industrialised countries.
The above comparison of today’s financial system with a malignant tumour is more than a mere metaphor. If we look at the figures, we will immediately be able to see signs of this financial “metastasis.” For example, The New York Times in their 22 September 2008 edition explains that the main trigger of the financial collapse that had exploded just one week earlier on 15 September was, as we all know, mismanagement and lack of supervision over the “Derivatives” market. The Times then went on to explain that twenty years earlier, in 1988, there was no derivatives market; by 2002 however, Derivatives had grown into a global 102 trillion Dollar market (that’s 50% more than the Gross Domestic Product of all the countries in the world, the US, EU, Japan and BRICS nations included), and by September 2008, Derivatives had ballooned into a global 531 trillion Dollar market. That’s eight times the GDP of the entire planet! “Financial Metastasis” at its very worst. Since then, some have estimated this Derivatives global market figure to be in the region of One-Quadrillion Dollars…
Naturally, when that collapse began, the caretaker governments in the US, European Union and elsewhere, immediately sprang into action and implemented “Operation Bail-out” of all the mega-banks, insurance companies, stock exchanges and speculation markets, and their respective operators, controllers and “friends.” Thus, trillions upon trillions of Dollars, Euros and Pounds were given to Goldman Sachs, Citicorp, Morgan Stanley, AIG, HSBC and other “too big to fail” financial institutions… which is newspeak for “too powerful to fail”, because they hold politicians, political parties and governments in their steel grip.
All of this was paid with taxpayer dollars or, even worse, with uncontrolled and irresponsible issuance of Public Money bank notes and treasury bonds, especially by the Federal Reserve Bank which has, in practice, technically hyper-inflated the US Dollar: “Quantitative Easing” they call it, which is Newspeak forhyperinflation.
So far, however, like the proverbial Naked Emperor, nobody dares to state this openly. At least not until some “uncontrolled” event triggers or unmasks what should by now be obvious to all: Emperor Dollar is totally and completely naked.7 When that happens, we will then see bloody social and civil wars throughout the world and not just in Greece and Argentina.
By then, however, and as always happens, the powerful bankster clique and their well-paid financial and media operators, will be watching the whole hellish spectacle perched in the safety and comfort of their plush boardrooms atop the skyscrapers of New York, London, Frankfurt, Buenos Aires and Sao Paulo…

1. The concept of “Geoeconomics” was coined by the New York-based Council on Foreign Relations, through a studies group honouring Maurice Greenberg, the financier who was for decades CEO of American International Group (AIG) which collapsed in 2008 and had strong conflict-of-interest ties with major insurance and reinsurance broker Marsh Group whose CEO was his son Jeffrey. Both father and son were indicted for fraud by then New York Attorney General Elliot Spitzer. Spitzer would later pay a very heavy price for this after becoming Governor of New York State when someone “discovered” his sex escapades which were quickly blown up into a major scandal by The New York Times…
2. We have described the basic Global Power Elite structure, model and objectives in our e-Book The Coming World Government: Tragedy & Hope?, available through
3. For more information, see the Third Pillar of the Second Republic Project “Reject the Debt-Based Economy” on
4. Some notable exceptions: Today: Libya, Iran, Syria, China; In the past: Peron’s Argentina, Germany and Italy in the 30’s and 40’s…. Are we seeing a pattern here?
5. See The New York Times, 22 September 2008
6. See White Paper comparing Debt Laundering mechanisms to Money Laundering mechanisms, lodged under Pillar No 3 “Reject the Debt-Based Economy” of Second Republic Project

7. This is more fully described in the author’s book

The Coming World Government: Tragedy & Hope?, in the chapter “Death & Resurrection of the US Dollar”. Details on Also available upon request by E-mail:

Adrian Salbuchi is a political analyst, author, speaker and radio talk-show host in Argentina. He has published several books on geopolitics and economics in Spanish, and recently published his first eBook in English: The Coming World Government: Tragedy & Hope? which can be ordered through his web site, or details can be requested by E-mail to Salbuchi also works as strategic consultant for domestic and international companies. He is also founder of the Second Republic Project in Argentina, which is expanding internationally (visit:

The above article appeared in New Dawn No. 128 (September-October 2011).