"10 Surprising Geopolitical Threats: What You Must Know to Protect your Money Now"

> www.thedailybell.com
>
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> SECRET ATTACKS BY THE GLOBAL ELITE
> and the truth that will set you free.
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> "10 Surprising Geopolitical Threats: What You Must Know to Protect your Money Now"
>
> PRESENTED BY
> Anthony Wile and the editorial staff of The Daily Bell
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> ATTENTION! ... YOU ARE BEING LIED TO! ...
> This is being sent to you because you have an open, questing mind and want to understand the TRUTH – to protect your investments and your family. Almost everything the mainstream media has explained to you is inaccurate and untrue. You are being fed DISINFORMATION. Fortunately, there is the Bell. Let truth ring out!
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> Here are some mainstream media "themes" as catalogued by the Bell. They are "fear-based promotions" – LIES – designed to confuse you and part you from your money ...
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> LIE #1: Soon the gold bubble will burst.
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> LIE #2: Paper money around the world is doing just fine.
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> LIE #3: The US will treat its currency in a responsible way for the betterment of the world
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> LIE #4: Gold is getting far too expensive for a barbaric relic.
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> LIE #5: The world is chaotic – and we, the Western elites, have no idea how it happened.
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> LIE #6: WikiLeaks is a terrible threat to democracy worldwide.
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> LIE #7: Don't worry about Chinese inflation or its empty cities.
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> LIE #8: Everything is going to Hell and nothing can be done about it.
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> LIE #9: We need to combat global warming – harder than ever.
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> LIE #10: Whatever happens to the dollar is out of "our" control.
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> •••
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> None of the above threats are true! Believe it or not, you've been lied to. If you are making decisions based on these lies, you are operating without the necessary – critical! – information. Garbage in, garbage out! FIND OUT THE TRUTH!
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> Hi, I'm writing to you from the Daily Bell. Sorry to be so emphatic, but time is short. Things are getting worse around the world as globalization continues and leaves authoritrianism empowered in its wake. If you are at all concerned about your wealth or your loved ones, you need to understand the truth now.
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> The Daily Bell has been designed to offers a comprehensible roadmap to these tumultuous times. Over the past years (a decade in fact) the modest brain trust of the Daily Bell has preached that the Internet is sparking a second Renaissance or Reformation, just as the Gutenberg press originally did.
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> It's tolling the truth in an epoch of lies. Every day at the daily Bell we address ‘suggestions" from the media designed to scare you into putting your hard-earned money in depreciating assets that are then used by Western elites to build the machinery of global governance.
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> You are literally paying for your own enslavement.
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> In our reports, we describe the fear-based mechanisms that manipulate you as dominant social themes.
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> Dominant social themes are the messages the elites attempt to put out to the public through the media and their agents (knowing and unknowing). These are the talking points designed to form and shape public opinion in order to move forward the elite's designs on wealth gathering and global governance.
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> Also throughout this report you'll read about memes.
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> For the purpose of this report a meme is an idea that has become viral. It is propagated through repetition in the media and in government and agencies of the elite. For instance, global warming is a meme.
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> These threats are real. For the last 100 years the elites have made huge inroads in increasing sociopolitical centralization of nation-states. But despite these inroads, the UNEXPECTED impact of the Internet has been so strong that it has overwhelmed elite ambitions to build centralized international organizations.
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> It is knowledge itself about the realities of the human condition, economic and otherwise, that is overwhelming these dominant social themes the elite attempts to inculcate to control society.
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> Knowledge—truth telling—brought to you by the Daily Bell, can help you discern the pattern behind elite disinformation. Once you begin to understand, decision-making becomes clearer, whether it has to do with investments, family matters or personal and career choices.
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> What is occurring today is a very quiet revolution in the fundamental fabric of human existence. It is quiet because the mainstream media—and even most of the alternative press—will not report on it. But we will and we are.
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> WE HOPE YOU FIND THIS SPECIAL REPORT HELPFUL. IT INCLUDES STORIES THAT APPEARED ON THE BELL THROUGHOUT 2010.
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> STOP BY AND CHECK THE BELL EVERY DAY.
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> Our bell rings out for truth.
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> Anthony Wile
> Senior Editor, The Daily Bell
> Chairman and CEO, Appenzeller Business Press AG
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> LIE #1: Soon the gold bubble will burst.
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> The Golden Bubble
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> "Few silver linings when gold bubble bursts ... Beware of bubbles. Tulips, the dotcom boom and pre-credit crunch real estate have a lot in common; they are assets that were in vogue, became overbought and eventually fell to earth. And now it's gold. Historically, two-thirds of gold demand comes from the jewelry industry and from countries like India and China. The remaining industry is from countries like India and China. The remaining demand is generated by investors, manufacturing and the dental industry. But over the last four years, gold has staged a spectacular price rise and won many new investors. Everyone from hedge funds to individuals has jumped in, seeing gold as a way to improve portfolio diversification. Today portfolios often allocate 5 per cent or more to gold. A decade ago such an allocation in sound investment circles would have been heresy. Market dynamics have changed too, with investors playing a larger part in what is driving prices higher. Now private investors hold over 30,000 tons of gold, more than the entire holdings of all the central banks on the planet. In short, gold fever has arrived on both Wall Street and Main Street. But all fevers eventually break." — Financial Times
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> Dominant Social Theme: Gold is just another bubble, like housing or cotton.
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> Free-Market Analysis: We have dealt with the "gold is in a bubble" story several times already. Initially, we poked fun at the idea that gold can evolve into a bubble, but given the persistent mismanagement of Western countries, especially the United States, it is perfectly possible at some point that gold will swell in an illogical way relative to other commodities and cash. But from our point of view a real "bubble" in gold (or silver) is far away. Stories such as this one in the Financial Times are merely propaganda, and a weak sort at that.
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> Sub-dominant social theme: "Be afraid of gold (and silver) be very afraid. The current price levels are ludicrous."
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> Money metals, of course, are not merely commodities; they are repositories of value and provide an alternative to paper currency. Thus their price behavior is significantly different and affected by the business-cycle itself. In fact prices can advance for years in a distinctly un-commodity like way, as they are doing now. To confuse money metals with commodities is basic investment error.
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> Still, gold (and silver) are often attacked for a variety of reasons. In the past, attacks have been quite ferocious. The power elite despise and fear gold, which at certain times in the business cycle (such as now) threatens the credibility and even the existence of central banks. With gold and silver rising powerfully, we have expected a concerted media attack against precious metals. The lack of such action only confirms our working hypothesis that the power elite is in some confusion. The Internet has been blowing up power elite fear-based themes with such enthusiasm that the elite, perhaps, is not sure how to counterattack.
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> Of course, an argument can be made that at this point the Anglo-American power elite simply wants to see maximum chaos sweep the world so that it can step in with a new solution, presumably one that might include a gold-backed currency controlled by a world-spanning authority such as the International Monetary Fund. This is the same argument that has been made regarding the EU in particular. The idea is that the Western elite standing behind the EU expected and encouraged a collapse of the PIGS so that "austerity" could be implemented, EU authority could be expanded and ultimately martial law could be imposed on Europe out of Brussels.
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> Here at the Daily Bell, we have presented an alternative point of view generally. We believe that the Internet, like the Gutenberg Press before it, is radically altering the balance of power between the elite and the rest of humanity. The truth-telling of the Internet, when combined with the economic unraveling of the financial crisis, is exposing power elite control and devaluing the methodologies that it uses for its command strategies. Thus, it is our argument that the elite is not being devious. It is merely in disarray.
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> It is perhaps the combination of the Internet and the financial crisis that has generated an unusual level of indecisiveness within the few, elite families that seem to run the West, if not the world. Once upon a time it was easy to denigrate gold, especially, as a Keynesian "barbarous" relic. Even in the 1970s, when gold and silver moved up impressively (after the central banking attacks of the earlier 20th century) the counterattack by the elites was fairly ferocious. Gold and silver were firmly hammered back down for the next 20 years.
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> It was only after the bursting of the Tech Bubble in 2000 that gold began to climb again from a low of US$250. Here at the Daily Bell (its forerunners actually) we estimated at that time that gold might reach US$1,000 by the end of the decade, or maybe even more. We have been on record since then stating this next bull-market in precious metals will last at least until 2015. Thus we would expect gold to go a good deal higher, and silver as well.
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> This is, we know, a somewhat unmathematical way of looking at it. But we are Austrian in our approach and do not believe that one can necessarily make a quantitative argument that is any better than a qualitative one. We remember as late as 2004 that Harry Dent was predicting "Dow 40,000, Nasdaq 20,000 by 2009." Dent's argument was seemingly irresistible. US Baby Boomers, the largest and most monied generation in history, would simply force the Dow up by the sheer weight of their numbers. Dent was able to muster all sorts of quantitative logic for his viewpoint, and it sounded wonderfully convincing but in the end reality did not support his logical arguments.
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> Our point is merely that the elite's desperate attempts to shore up the financial system have elongated its unwinding considerably. Instead of a short and sharp depression, we are entering the second leg of what is yet, perhaps, a shallow depression (but one which may deepen). The unwinding that would have allowed bad companies to go bust has not taken place. Government itself, along with the banking industry and the West's international corporations, have not been sorted out by the market. Because the elite's counterattack has been so fierce, the current distortions will probably take at least another five years or so to sort out.
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> For those who want quantitative reinforcement about the price of gold, we can point to numerous articles that attempt to measure gold's current price against paper currencies and other commodities to determine if gold (and silver) is in a bubble yet – and when or if such a bubble would occur. Here's an excerpt from one such (recent) analysis, as follows from "Gold Bubble? Think Again" posted at Seeking Alpha:
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> Even using as a base gold's 1979-1980 nominal price of $600 before it spiked, gold has been up about 100%. For gold to match the growth in M1, M2, public debt and budget deficit, gold will have to reach $1,800, $2,400, $7,800 and $13,200, respectively. While I cannot imagine gold going to $13k, these numbers tell me that calling gold a bubble is a bit pre-mature. In my view, money supply, public debt and the budget deficit are in a bubble, not gold, not yet.
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> We recommend that one read the feedback commentary as well, below the article, because readers offer other analyses and make very cogent quantitative comments. From our humble point of view it is important to add that these numerical comparisons may soon be out of date, however. We cannot imagine that gold will get to, say, US$3,000 without some massive socio-economic changes taking place. A US$3,000-US$5,000 per gold ounce number would be an effective repudiation of Anglo-American dollar reserve system.
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> The elite seems to be betting on the IMF being able to introduce some of sort of worldwide SDR/bancor paper gold currency system that would effectively reconfigure the IMF as a global central bank. In order for this work, however, the Anglo-American elite needs to keep control of the IMF and there are many nations in the world whose leaders remain either angry or uncomfortable with the IMF's previous arrogance and destructive unaccountability.
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> The IMF's noxious approach to necessary "austerity" for client countries includes tax hikes, major budgetary cuts in social programs and "privatization" of national assets that are often purchased by Anglo-American corporations at very low prices. The IMF recipe is usually a middle-class killer. The population at large ends up suffering for the greed of the elite, which often flees with the billions that the country's citizens are then compelled to pay back to international banks.
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> We are not at all sure that the IMF has sufficient authority to create a new international financial system. As we have pointed out before, the Pax Americana that has thrived so far was put in place after World War II when America was literally the last country standing. Today, the Anglo-American run IMF must contend with major economic players such as China, India and Brazil. None of these countries citizens have any cause to place themselves voluntarily in a position subservient to an Anglo-American dominated IMF. And for the Western elites, creating a democratic financial structure would be an unthinkable abrogation of power.
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> Conclusion: We have always suggested that the best case (though certainly a painful one) would be a full unraveling of the Anglo-American central bank economy that has bestrode the world like a psychotic colossus these past 100 years (and especially these past 50). The economic default in such cases is a private-market gold and silver system, such as one that has historically been popular around the world at least since the Neolithic era in our view. In such a chaotic environment, there would be no "smooth" transition to a money metals economy. People would simply start using them. Those who had them, of course, would be a great deal better off than those that did not.
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> LIE #2: Paper money around the world is doing just fine.
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> The West's Pending Paper Money Implosion
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> "In China, a City With Lots of Buildings, but Few People ... Patrick Chovanec, who teaches business at Tsinghua University in Beijing, says the building boom is driven by frenzied investors — not the housing needs of millions of migrating workers. ‘People are using real estate as an investment, as a place to store cash — they treat it like gold,' Professor Chovanec said. ‘They're stockpiling empty units. This is going on in cities of virtually every size.' ... Property development here is so hot that last year, housing sales in Ordos reached $2.4 billion, up from $100 million in 2004, according to government statistics. ... ‘This is a city of the future,' Li Hong, a government official, said during a recent tour of Kangbashi. But the future has not yet arrived, despite Mr. Li's best efforts to persuade a visitor otherwise... Only a few minutes earlier, Mr. Li escorted a reporter through an empty 500,000-square-foot convention center and a 12-story office tower that had dark hallways, locked doors and just a few scattered souls." — New York Times
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> Dominant Social Theme: All across the world, the kids are OK! And so are their investments!
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> Free-Market Analysis: We begin with China and its empty cities, but we want to mention Brazil as well. In a move that has not received much coverage, Brazil is dissociating itself from certain IMF deliberations regarding the nascent currency war. The Western elites, in their increasingly obvious desperation, had hoped to turn the IMF into a kind of global central bank, but Brazil's leaders seem not to go wish to along with that scenario. In fact, it is not 1945 and the Anglo-American axis cannot bully its way to a new economic order simply because it wishes too.
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> Brazil's top economic officials won't attend G20 ... Brazil's top economic officials will not be attending meetings of Group of 20 finance ministers and central bank governors in South Korea this week, the finance ministry and central bank press offices said on Monday. ... Reuters reported on Friday that Finance Minister Guido Mantega would not be attending the meeting and would unveil new currency measures aimed at containing a rapid rise in the real BRBY this week. —Reuters
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> Meanwhile, China's endless struggle with real-estate inflation was further emphasized yesterday when the Chinese central bank announced it was raising interest rates. This is a kind of one-two punch in our estimation. China is the most important economy in the world that has not collapsed yet. Once China collapses and the plan to further expand the wretched Western central banking system is revealed as unworkable, the 100-year old Western banking system may begin to implode in earnest.
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> The problem with free-market economic analysis is that it is impossible (usually) to get the timing right. The larger, macro business cycles may be apparent, but predicting when China's real-estate bubble is going to burst is a fool's errand. No one knows with any certainty. These bubbles can go on for years, decades even, though in China's case the bubble is likely long in the tooth, just as China's "expansion" is. China's entire economy is terribly distorted now. Even the New York Times has discovered this (see excerpt above). Surprisingly, Bloomberg has too. Here's Bloomberg on China yesterday:
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> China Hides Rampant Inflation in Money Binge ... Money, money everywhere. At least that's what it feels like at the moment in China. Awash in luxury cars, condos and expensive jewelry, the Chinese are enjoying what looks to be an unstoppable boom. But inflation figures due to be released tomorrow should give pause to those who assume China's economy is on sound footing. To an extent few fully appreciate, China's astonishing growth rates these past two years have been fueled by an even more astonishing expansion of its money supply, by more than 50 percent. Until now, the inflationary consequences have been largely camouflaged in the form of rising asset prices. —Bloomberg/BusinessWeek
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> The ruination of the Chinese economy will likely end the horrible communist experiment that the Anglo-American axis helped inflict on the long-suffering Chinese. The vicious ChiComs and their oppressive system are only tolerated today because they have managed to create a good deal of "wealth' of late. But when it evaporates, the poor Chinese who have been buying empty flats in unpopulated cities as "investments" won't know what hit them. It is obvious the Anglo-American axis has been patiently tutoring the Chinese. The system that the Chinese operate currently didn't spring out of the ground fully formed. It is a mimic of the worst parts of the Anglo-American free-enterprise system; almost all "enterprise" and little that is "free."
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> Once the system implodes, the Chinese likely will stop cooperating with the Anglo-American elite. This will be another change. Currently, the Chicoms are enthusiastic players in many of Western elite power promotions. The Chicoms can be found in Afghanistan eagerly making deals with the corrupt Karzai government to exploit Afghanistan resources. They pop up after meeting Eurocrats to claim they have confidence in the foundering euro and are willing to buy Greek debt. They speak out after IMF meetings to explain that the world does indeed need a global central bank and global currency. The ChiComs and the Anglo-American elite think alike.
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> They are brethren. Intertwined. It is perhaps a kind of love-hate relationship.
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> If the West unravels any more rapidly or ruinously, it can take China down with it. Likewise, when China falls, (and it will) the crash will resound worldwide. India, too, is awash with money; one the country's wealthiest citizens just built an extravagant US$1 billion "house" (actually a serial apartment building) in the middle of impoverished Mumbai. Brazil is no different. Money is sloshing around the world, and the US and Britain have led the way with their insatiable and reckless money printing. It is a 'boom-time," yes, but a terminal one, and soon comes the bust for the countries that have not experienced it yet.
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> The Chinese crash, when it occurs, will be truly resonant, like Ulysses impaling of Polyphemous' single Cyclopean eye. Or perhaps it is better to compare it to a nuclear device, one unleashing the distortions of 20 years of relentless monetary stimulation with truly unbelievable 10% per quarter growth rates. And in the aftershocks, a significant percentage of China's real estate will prove worthless or unlivable in our view.
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> The huge Chinese banking system, which is merely a facade for governmental control, will begin to crumble. As will the country's rigged stock exchanges and some or much of its international industry. Whole cities may have to be razed (if there is the money to do so). Much of the government-built infrastructure, its roads, sewer systems, etc., will prove to be unreliable. The endemic corruption of the Chinese system will be revealed in all its ugliness as the money tide recedes.
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> The ChiComs, in our view, will not have the time, the patience or the wherewithal to print more money – to generate a Bernanke-Paulson style artificial boomlet to stabilize the financial system. When the economy begins to fail (and it is a huge economy) the Chinese state will begin to unravel as well. The fury of the Chinese people will likely spill over; especially those in the country who never participated in the boom. Starved in the 1950s and 1960s and oppressed since then in various authoritarian ways, the Chinese have kept quiet in return for government-provided wealth and security. When it turns out that once again the government again has failed, the social pact will be seen as abrogated and the leadership will not be able to recover. This is what the top level of the party grimly and correctly fears.
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> The coming failure of the Chinese economy could wipe away the current leadership and usher in a new form of government. Perhaps it will be a democratic one or perhaps it will entail radical democratic socialism. The Chinese protests at Tiananmen Square were actually socialist protests. The demonstrators may have wanted more freedom, but it was freedom that was to be used to demand a more extensive welfare state. So China remains a damaged and conflicted society with a historically authoritarian culture and little experience with sociopolitical freedom. It is not the United States (or at least what the United States was).
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> Even if China does not crash in the near future, the West's unraveling is likely to continue. Europe is already ablaze, as we predicted, and if observers believe the current protests are about "austerity," we think they are misinformed. A class war has started in Europe as we pointed out just yesterday. In America the class war has found its voice in Tea Party agitation. But once the Republicans return to the center and begin to "legislate" because "that is what the people want," the fury that is building in the US will become unstoppable in our view. There will come a European moment.
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> The Western elite wished to use the economic crisis (which we think is far-worse than expected) to create a significantly tighter global, financial system with one IMF-run central bank and a single currency as well. But the globalist aspirations of this familial Anglo-American conspiracy are increasingly shattered in our view. The shards of these insane manipulations are beginning to rain down upon them.
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> How did the Anglo-American elite anticipate that it would bully China, Brazil, India, etc. into going along with a system of world government in which the Anglo-American axis would take the lead? Colonialism is not a supportable strategy anymore, for the West. And then of course there is the truth-telling of the Internet, which has immeasurably complicated elite schemes.
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> Conclusion: We will close with our usual disclaimer that we are following elite promotions as best we can and that the Western elites comprise a very formidable group. It could be that they manage to create a more unified world economic system out of the current crisis. It could be that a Chinese crash is averted or that the powers-that-be will figure out a way to declare and uphold martial law throughout the West, as the more paranoid are now predicting. We would find it surprising.
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> LIE #3: The US will treat its currency in a responsible way for the betterment of the world
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> The Coming Currency War?
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> "QE2 risks currency wars and the end of dollar hegemony ... As the US Federal Reserve meets today to decide whether its next blast of quantitative easing should be $1 trillion or a more cautious $500bn, it does so knowing that China and the emerging world view the policy as an attempt to drive down the dollar. The Fed's ‘QE2' risks accelerating the demise of the dollar-based currency system, perhaps leading to an unstable tripod with the euro and yuan, or a hybrid gold standard, or a multi-metal ‘bancor' along lines proposed by John Maynard Keynes in the 1940s. China's commerce ministry fired an irate broadside against Washington on Monday. ‘The continued and drastic US dollar depreciation recently has led countries including Japan, South Korea, and Thailand to intervene in the currency market, intensifying a currency war. In the mid-term, the US dollar will continue to weaken and gaming between major currencies will escalate,' it said. — UK Telegraph
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> Dominant Social Theme: The US, especially, must take more care – and grow more responsible.
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> Free-Market Analysis: We have been examining in these past few days, the future of money and have offered our clairvoyant feedbackers and larger audience a perspective that is not focused necessarily on an imminent US economic meltdown. That is not to say it won't happen, but we have detected a certain level of promotional zeal that makes us a tiny bit uncomfortable.
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> Everywhere we look right now, it seems the media – even the mainstream media – are filled with conversation about the untenable situation of the dollar.
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> We do not deny this, of course. We have spent the better part of two years (and eight years before that) documenting the demise not only of the dollar but of the larger Anglo-American elite that has spent at least a century attempting to create one-world governance through the use of wars, horrible fear-based promotions and corrupt global vehicles of command and control.
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> Let us begin at the beginning however, with the regime of George W. Bush. (Unhappy thought.) This Republican president could have reduced spending, cut social programs and generally enacted a fiscally conservative administration that would further have enhanced the dollar's standing in the world. Instead, from the outset, President Bush pushed for expanded social programs and more and more power for the US$3 trillion per year Leviathan; he even tried at one point to extend federal power directly into church programs. After 9/11 and without any precedent or even real justification, the US attacked both Afghanistan and Iraq in wars that will probably cost US$2 trillion or more before they are done – and those are only the direct costs.
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> Under Bush, the various money schemes of the Anglo-American elite were left strictly alone. The Clinton Democrats had left a "surplus" and it would have been possible, perhaps, to start to undo the entire system, including the Fed's endless waves of money printing, without crashing it. But this was not Bush's agenda, nor the agenda of those around him.
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> As a result, Bush questioned neither the US graduated income tax nor the Federal Reserve which kept rates so absurdly low under Alan Greenspan that an ever-increasing monetary bubble was all-but-assured. When the bubble finally popped, Bush approved of the TARP program of US$700 billion and then, under Ben Bernanke, the Federal Reserve began pumping out trillions and trillions to bail out preferred lenders and chosen bankers not only in the US but abroad as well.
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> Our point here is not to rehearse the psychotic war-mongering and over-spending of George Bush but to point that Bush was able to do what he did without demure from the establishment wise men in both the US and Britain. This means to us that there was a level of de facto acceptance of his actions. The totality of his insane actions (mirrored in fact by Tony Blair in Britain) may not have been entirely pre-determined but they were not apparently unwelcome either.
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> And this brings us back to the issue of whether the Anglo-American elite has actively sought a worldwide economic meltdown and, if so, whether they expected what they are now dealing with. We have suggested on many occasions that the elite may have wanted a depression but that the global crisis has spiraled out of control. We base this assumption on what seems to be a high level of desperation affecting elite actions at the moment.
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> Yes, we can see this mechanism manifested in the lengths that the elite-controlled EU and Federal Reserve are willing to go to try to ensure the viability of the remnants of the current system. In the EU, the leading Eurocrats are willing once again – and in the hot spotlight of euro-condemnation – to revise the Lisbon Treaty without a vote so as to configure it in such a way that it provides necessary leeway to "handle" the ongoing crisis. In the US, the Federal Reserve is preparing to pump yet MORE money into the economy – perhaps trillions more – to try to kick-start employment and entrepreneurship. The elite is seemingly terrified of spiraling frustration in the US and Europe and increased civil unrest.
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> The Fed's determination to pump trillions more into the US economy (and thence the world's) can be seen within this context as a desperate gambit to salvage elite ambitions regarding global governance. It is desperate (and rash) because the dollar remains the world's reserve currency and US monetary policy thus inevitably has a tremendous impact on other currencies and countries. Whenever the dollar moves (down) other economies, in fact even the largest, have to react.
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> The US wants to inflate away dollar debts and cannot do so if everyone else joins in the game. Thus it has turned to the G20 and to an expanded and empowered IMF to twist arms and basically intimidate other countries into going along. But as we have pointed out that day is probably long past. China and the rest of the BRIC countries will likely do what they want, though still paying lip-service to the demands of the American behemoths.
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> The Telegraph article lists several outcomes of the continual debasement of the dollar. The IMF and other countries could agree on an IMF-administered bancor. Alternatively, there is the concept of a "hybrid gold standard" (whatever that means) or merely more of what is taking place now – a continual appreciation of credibility for other currencies, especially the yuan, while the dollar sinks.
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> Those who stop by the Bell may recognize some of these projections as we have mentioned them from time to time. In fact, an IMF bancor is probably unrealistic because the BRICs won't tolerate a further Anglo-American presidium. And other "solutions" are not likely to empower the Anglo-American axis, either. Of course we are aware of the argument that money power merely moves along with economic and military power wherever it needs to go. We find this argument dubious. Western money power has a locus: Washington DC, Brussels, Tel Aviv and most importantly London's City.
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> The idea that Western elites can merely transfer their operations and headquarters to Beijing and continue business as usual among the Han is dubious from our point of view. There is also the possibility of China's imminent, or quasi-imminent collapse. The country's real estate is so inflated that entire CITIES are being built on speculation (as we have noted) and we have long-questioned the staying power of the current Chinese communist governments once the economy inevitably implodes.
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> We are left with a (tentative) conclusion that we have already enunciated – that the Western elites in their pride, greed and arrogance may have started a conflagration that they cannot control. Perhaps if the Internet had not come on the scene to reveal their machinations, it would have been possible to manipulate the world's economies more effectively and to intimidate, in secret, those who needed to be brought along. But it's very hard to run a monetary and military conspiracy under the white-hot glare of a technological and electronic spotlight. Allies shy away and potential enemies are emboldened.
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> What will happen next? Generally it does not seem to us that the elites will be able to create the necessary global currency they have sought and apparently are seeking, at least not in the short term. To us, anyway, this always seemed a long-term project and the ramifications of speeding it up (as the elite seem to be doing) are puzzling to say the least. Haste does not necessarily increase the potential for success.
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> Another possibility is that the Anglo-American elite muddles along with an eroding dollar while China and Europe and other BRIC countries gradually attempt to co-opt the dollar's reserve status. Good luck with this however, as the dollar's strength is that it purchases oil and Saudi Arabia in particular would have to be "flipped," which American military power may preclude. Reserve currencies, generally, are treated in academic textbooks as both ancient and amiable. In fact the Anglo-American axis had to level the known world with its murderous military might to impose the hierarchy of the dollar and other Western economic mechanisms (the IMF, etc.). It is not so easy to end this kind of "reserve."
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> Is it possible of course that the world returns to a de-facto gold standard and that there is some cooperation here between all the major powers. This may be a possibility, but it would end (at least in the short term) the Anglo-American dream of world dominance.
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> Alternatively, the economic environment may simply continue to unravel. Gold and silver will go much higher in a fairly unconstrained environment as the Anglo-American grasp on events, both monetary and military, continues to erode. This might presage the evolution of a fairly unregulated free-banking environment complete with a privately evolving gold and silver standard (alongside real bills as well).
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> The last time this sort of economic destabilization occurred (in the 1930s), panic set in as it has now. It was only via World War II that the world's economies were rescued and set on track for renewed growth. But a world war is infinitely more difficult to come by these days.
>
> With that option at least partially precluded (we think it is anyway, though a war with Iran is always a possibility) and with the truth-telling of the Internet continuing to expose every power elite machination literally in real time it is very difficult to tell what is going to happen next. Of course, as we wrote yesterday, we don't know if there will be a dollar meltdown (and a metals melt up) sooner – or later. Perhaps one will occur after the US elections as the shorts come under increased pressure. Timing is a lot harder to calculate than trends.
>
> Conclusion: What we do know is that the Western power elite is a stubborn and powerful force and that it has plenty of levers to pull that can still influence economies immensely in the West and around the world. As we were finishing this article, a feedbacker sent us a link to an announcement that the Fed is apparently about to hold a major conference at Jekyll Island, commemorating the secret meeting held 100 years ago that created of the Fed. (This just after initiating its controversial QE2 program.) The elite may be losing control, and may be increasingly panicked about it. But these kinds of tin-eared, self-congratulatory occurrences (such as the reported, upcoming Fed meeting) make us wonder increasingly if the powers-that-be have fully grasped the magnitude of what has been unleashed.
>
>
>
> LIE #4: Gold is getting far too expensive for a barbaric relic.
>
> The War on Gold
>
> "Return to the Gold Standard would be madness ... I was, until recently, Economics Editor of The Telegraph, but these days I am at the Kennedy School of Government at Harvard, where I will blog occasionally when I'm not knee-deep in homework... I almost spat my coffee across the room when I saw the headline plastered across the front of the FT this morning: Robert Zoellick, president of the World Bank, is calling for a debate on the return to the Gold Standard, it said. Of course, when you read the column upon which the news story is based, it is far less clear that Zoellick really wants a return to the 19th century international macro-economic structure. Instead, he merely seems to have name-checked gold as a possible mechanism to help us wean ourselves off our reliance on the dollar as the world's reserve currency." — UK Telegraph/Edmund Conway
>
> Dominant Social Theme: Gold is a barbaric relic and the future of money has nothing to do with it.
>
> Free-Market Analysis: We will try to address Edmund Conway's screed against gold as best we can. The prejudice it shows is startling and reveals once again that intelligence, in our view, is no substitute for wisdom. It is interesting to note that those who may come from privilege and are numerically adept may have no deeper insights than anyone else – and often less – in the modern day. Professor Conway may be a brilliant man and a successful journalist, but he is apparently steeped in the intellectual prejudices of his class. He may teach at Harvard but when it comes to economic matters (apparently his specialty) he seems to have little taste for the sweep of monetary history. We will take his arguments one at a time:
>
> 1) If there were a major domestic recession, the countries would simply have to suffer it. They would not be able to cut interest rates to alleviate the pain. In other words, countries would have to deflate, and suffer the social pain that goes with this, if they are to keep to the Gold Standard in times of economic stress. This may have worked well in the 19th century, when the poorer households who would tend to be affected couldn't do anything about it, but I can think of few circumstances under which a democracy (with one-man one-vote) would allow it.
>
> How does one arrive at a "recession" – whatever that is, and why do "countries have to suffer it." We find these assumptions questionable. Countries are metaphorical entities to begin with and do not suffer through anything. PEOPLE suffer. Also, countries do not cut rates. People in certain roles with certain powers cut interest rates – and only when banks are under the thumb of the state. What this really means is that Professor Conway is satisfied with fiat currency because it is the most easily manipulated money and is satisfied with a regulatory regime in which banks and money are under the control of a given central bank and those behind it who pull the strings.
>
> Another point: In a normal, free-market economy, recessions and depressions are ameliorated by money itself. When a regional economy heats up, the price of money likely rises a little, which may put a natural brake on economic over-heating. As the economy cools down, the money supply shrinks. The market itself controls the volume of money and thus the business cycle itself is far less violent in a gold and silver based economy than one that is fueled by paper money.
>
> 2) There would also be a second possibility of deflation (or for that matter inflation) because of the arbitrary factor of tying one's currency to a metal. If there was suddenly a massive discovery of gold, this would pump extra inflation into the global system; if there was a drop-off in gold discoveries (as there was in the late 19th century), governments would find themselves having to impose swinging pay cuts on their populations in order to keep to the Standard. The fundamental point here is that the amount of gold in the ground is finite, whereas the capacity of humans to increase their economic output and productivity is still increasing exponentially, and should continue to do so, barring the possibility of falling back into the dark ages.
>
> This point dismisses the function of hoarding. Economist Murray Rothbard postulated that a gold standard could be run without a single new discovery of gold because people would hoard or dis-hoard as necessary. We don't entirely agree with that: We tend to believe that mines, too, are sensitive to the price of gold and silver and thus mines tend to produce more or less depending on the price. Certainly a large discovery of gold historically skews the price of gold, but this can be lessened by hoarding. When prices go down as a result of gold prices falling, people hoard more, taking supplies off the market. In any event, thanks to Rothbard, we understand function of hoarding. Conway apparently does not.
>
> 3) An end to banking as we know it. This might not sound so bad, given the horror the banks brought our way in the crisis, but it is worth dwelling on for a moment. The Gold Standard was incompatible with fractional reserve banking, and the Bank of England could barely carry out its role as lender of last resort in the 19th century without having to bend the rules significantly (which, as far as some are concerned, fatally undermined the system). I'm all for a reconsideration of how we structure the banking system (my favoured plan is to impose unlimited liability on bank owners) but let's not leap into another monetary system without considering how far reaching the consequences would be.
>
> Let it be so! An end to "banking as we know it" is fine with us. The "banking" in today's Western economies is simply a monopoly-distribution point for the dissemination of fiat currency. Central banks have got to distribute money through banks because the alternative – simply distributing it to people – would reveal the scam for what it is. By filtering the money-printed-from-nothing through banks, the process retains a mysterious quality. It is also rendered more complex, which is necessary when one is promoting a Ponzi scheme.
>
> Finally, bank distribution allows for a debt add-on that further controls the process. The situation is incredibly destructive, ruinous and benefits, essentially, on a very people who are the most direct beneficiaries of central bank funding stream. Conway concludes as follows:
>
> There is a half-century cycle at play here: we move from one macro-economic system, it works well for a few decades (due less to the explicit rules at play than the assumption that central banks will enforce them if necessary). Eventually, the system's credibility breaks down ... We are currently at the moment of hand-wringing and tears, which means the next few years will be both fascinating and terrifying. Eventually, we'll come to a solution. Everyone will believe the system has been repaired, and that Bretton Woods III or whatever we'll call it will solve our international monetary woes. And they'll be right. Until they're wrong.
>
> From our point of view, the idea that "we'll come to a solution" is a depressing one. "We" obviously means "world-leaders," the same group (controlled from behind the scenes by powerful banking families) that created the current mess. There is a solution of course, which is to let the market itself handle money. Perhaps it is too simple for someone used to the complex minds that populate Ivy League institutions.
>
> We have one area of commonality. We do not, either, know where the world's monetary system is going to end up, though given its chaos we have long predicted it is headed back to some sort of gold standard. There are many kinds of precious metals standards, of course. If new money, eventually, is to be based on gold, then governments might agree on certain percentages of gold necessary to hold in order to print currency, or even a certain amount of currency.
>
> Alternatively, government could simple set a gold-and-silver ratio and then let the market determine further price fluctuations. This would be a more laissez faire, free-banking solution.
>
> Here at the Daily Bell, we do believe in gold and silver as money – private money. In a private money system, absent government control, even the biggest holders of gold and silver would not be able to manipulate the market.
>
> The ratio between gold and silver, once tampered with, would sound the alarm as well. This kind of ancient money system has worked well, so far as we can tell, on and off for thousands of years. Our preference, therefore, is a scenario in which governments can come to no agreement on what money is or how much it is worth. This would leave it up to the market itself to decide – and there would then be no predetermined prices or price ratios to distort the market and cause trouble further down the road.
>
> Conclusion: Given digital technology and its infinite divisibility, there is no reason why a single additional ounce of gold (or silver) would need to be mined to produce a workable, free-market system. Do we believe we'll get there? Probably not. But whatever emerges out of the current chaos may be better than what we've got – even monetary writer Ellen Brown's municipally-based public fiat system would be better than a monetary system essentially run by a few powerful families behind the scenes – although let us be clear we are by no means supporting Ms. Brown's initiatives. US Congressman Ron Paul's call for competing currencies is certainly a much more attractive solution. Let systems compete and the best ones (or one) will win out. Unlike Professor Conway, we believe the closer we get to a truly free-market based precious metals system the better off we shall be.
>
>
>
> LIE #5: The world is chaotic – and we, the Western elites, have no idea how it happened.
>
> The Chaos of Nation States
>
> "China faces increased social unrest ... Chinese police investigating a robbery at a jewelry shop in Beijing yesterday. China faces rising crime rates and increased social unrest, according to the country's top think-tank. The Chinese Academy of Social Sciences said criminal prosecutions were up 10 percent and public security cases up nearly 20 per cent last year and it predicted the rise would continue even as the economy improved this year." — Times of Malta
>
> Dominant Social Theme: People are upset and we, your leaders, understand...
>
> Free-Market Analysis: Is the Anglosphere losing control on purpose or despite itself? The ratcheting chaos is not in fact restricted to the West. There are problems across the globe, from South America (Venezuela) to Afghanistan, Africa and of course the Koreas where a succession drama in North Korea threatens a wider war. We can see from the excerpt above from the Times of Malta that China too is suffering from increasing social disorder, in part because of the soaring inflation we have reported on in the past.
>
> In this article we will return to the theme of elite strategies and discuss whether the world's destabilization is purposeful or not. Is it a power elite strategy in other words: to destabilize important countries in the hopes of creating a global currency – one perhaps run by the IMF?
>
> Author and feedbacker Lila Rajiva sent us an interesting statement on a thread over at Veteran's Today. It reads as follows: "Bringing America's Fascist dictatorship to its knees" IS the MYTH of the WikiLeaks narrative ... The "nation" (i.e. the populace) may well be ready to plummet over the precipice but this IS the design of the SYSTEM itself and, to tie in with your NWO confusion, a necessary precondition to the furtherance of the NWO agenda."
>
> The point being made here is that the chaos of nation states – the seeming growing awareness of the masses as they fight back against perceived injustice – is exactly what is necessary to make a move toward global governance. Out of chaos ... order. And thus a perception that protest and civil unrest is setting the elite back on its collective heels is actually a hoped-for outcome of an Anglosphere that thrives on disunion as a precondition for reshaping society.
>
> We would have no difficulty with this analysis were it not for the Internet, which in our view has reshaped awareness of what the Anglosphere has planned – and made its advent far more treacherous. As we have pointed out many times, it is hard to implement a conspiracy to create a One World Order when so many others – those NOT part of a seeming conspiracy – are following various unfolding patterns, commenting on them and in some cases trying to combat them.
>
> Will there be a series of civil collapses? Will these collapses lead to greater centralization from a sociopolitical perspective? These are not by any means theoretical questions. Portfolios, investments and general financial strategies are all affected by one's evaluation of how the Great Game is being played and what the ultimate result might be. Regardless of where the world is headed, one cannot deny that countries and regions are increasingly troubled, as The Australian summarizes only a few days ago:
>
> Unrest rocks Europe as debt crisis explodes ... London student protests ... ANGER and fear about a seemingly unstoppable debt crisis coursed through Europe yesterday. Striking workers shut down much of Portugal, Ireland proposed its deepest budget cuts in history and Italian and British students clashed with police over education cuts. ... In Italy, students occupied university buildings and piazzas to denounce proposed education cuts, clashing briefly with police in Rome and blocking five main bridges over the River Arno in Pisa. ... In Britain, students decried government plans to triple tuition fees. "Education is not a rich kid's game," said Tash Holway, a 19-year-old student in London.
>
> Of course it is not just civil unrest that is the problem. Ongoing wars, like the war in Afghanistan threaten to spread; other conflicts have not yet broken out but soon may. There is perhaps an Iranian war on the horizon, as well as one possible in the Koreas (though we find this more doubtful).
>
> Even Iraq remains chaotic and the Sunni-Shia Islamic split seems as wide as ever. Afghanistan is perhaps the most active war right now (certainly for the West) and it seems to us to be an open question as to whether that tortured country will see an expansion of violence or a potential contraction. Here is how the Pakistan Daily Times sums up the possibilities:
>
> The rise of the Right in Europe, especially the recent loss of the social democrats to the right-wing for a second time in Sweden, is being termed as a worrying sign for a West that is feeling the pain of the failure of the attempts to install neo-con capitalism through prosecuting wars from the banks of Tigris to the valleys of Bamiyan. Europe is faced with serious threats of renewed trade union and civil society resistance due to imminent heavy public spending cuts and so elites will have to pay more attention towards domestic unrest; accordingly, the war in Afghanistan will have to be brought to a 'logical' conclusion. The sooner the better. Hence the announcement at NATO's Lisbon gathering by British Prime Minister David Cameron to end Britain's combat role in Afghanistan by 2014 come what may!
>
> Pakistan, whose own elites blithely have bartered its sovereignty for a slavish allegiance to NATO, is now faced with a dilemma of its own. If it pulls out as a war partner, the role it embraced as a front-line state, then the Indian lobby in that country will earn even greater influence since they are already involved in development projects on a large scale. On the other hand, if Pakistan, under the pretext of gaining strategic depth against India, decides to continue to play the role of front-line state against threats to the neo-con agenda in the region and in return for its allegiance desires to continue probing into Afghanistan for a pro-Pakistani Afghan government, then its dependence on the jihadist pawns in the war will increase. A lose-lose situation, then.
>
> While we sympathize with the Pakistan Daily Times' perspective, we find it hard to believe that the Pakistan elites will attempt to broker some sort of grand bargain that will "stabilize" Afghanistan within the context of Western and Indian preferences. To us, this seems a non-starter. Pakistan's elites will no doubt pretend to make an effort, but we believe the ultimate outcome has already been cemented by the length of the war and the resistance of the Taliban. The Western elites, as this article points out, are beset at home by political unrest and by the ongoing costs of the war.
>
> And this brings us to our final point. The West does not want to lose in Afghanistan. The elites did not want, either, a momentum swing against global warming (which has taken place); and it seems to us that the Anglosphere, which is evidently and obviously behind the EU and its growth, does not want the EU sundered. We return, at the end of this analysis, to a previous conclusion: the elites are more comfortable with controlled chaos than uncontrolled chaos; and many of their cherished promotions are under considerable attack.
>
> This is just a matter of common sense. Controlled chaos can yield controlled results. Uncontrolled chaos is unpredictable. The elites may have a corner on the gold market but they are certainly outnumbered. And this is why the Internet is so dangerous to the status quo and why the elites have tended to pursue their strategies by subterfuge, using fear-based promotions as a manipulative device. With those promotions being relentlessly exposed, we wonder what the elite does to counterattack. Choking off certain kinds of information on the 'Net is one possibility, but we find it hard to believe (as we have written in the past) that this solution is entirely workable, or will have the desired effect.
>
> Conclusion: Being outnumbered in secret is one thing; being exposed (as the elite is, relentlessly these days) heightens the potential for more exposure (in real time) and makes the pursuit of certain goals more obviously dangerous. We are not sure that the chaos of nation states is desirable, at least not uncontrolled chaos. Nor are we sure, even, that war will create the opportunities the elites seek. There is already, it seems to us, too much knowledge about elite strategies available to too many non-elite populations. Could the chaos of nation-states work against the elites this time rather than to their advantage?
>
>
>
> LIE #6: WikiLeaks is a terrible threat to democracy worldwide.
>
> The Real Impact of WikiLeaks
>
> "Who is Behind Wikileaks? ... Wikleaks is upheld as a breakthrough in the battle against media disinformation and the lies of the US government. Unquestionably, the released documents constitute an important and valuable data bank. The documents have been used by critical researchers since the outset of the Wikileaks project. ... Progressive organizations have praised the Wikileaks endeavor. Our own website Global Research has provided extensive coverage of the Wikileaks project. The leaks are heralded as an immeasurable victory against corporate media censorship. But there is more than meets the eye." — Global Research, Michel Chossudovsky
>
> Dominant Social Theme: It's a great organization and questions should be ignored.
>
> Free-Market Analysis: We were pleased to see that Michel Chossudovsky has weighed in on WikiLeaks with a six page opus posted at Global Research. It is instructive to see what Chossudovsky has concluded.
>
> His general conclusion like ours is that Julian Assange is probably NOT what he appears to be, but some good is coming out of L'affaire Assange nonetheless—and we agree.
>
> From our point of view, Assange may possibly have links to the Anglo-American power-elite, but if so, his arrival on the scene shows once more the difficulty of the challenges that the Anglosphere is now encountering.
>
> Because of the truth-telling of the Internet, more than a century of mind control (the 20th century) has been diminished. Accept, as we do, that there is an Anglo-American inter-generational elite whose goal is to build a kind of one world order and Assange becomes a statement as much as the head of a powerful debunking movement. Acquiesce hypothetically to Assange-as-elite-ally and one can see how far away from its goals the elite has been forced to move.
>
> The elite has attempted to nudge the world toward global governance by using fear-based promotions, dominant social themes, that frighten the middle class into giving up wealth and power to a variety of specially created global facilities – the UN, WHO, World Bank, etc. These fear-based promotions are promulgated via what is called the Hegelian Dialectic, a public conversation that is controlled by the elite on both sides. Gradually the dialogue – argument – is moved toward the goals and objectives of the elite and away from undesirable conclusions.
>
> While the Hegelian Dialectic is a great society molding tool, it has one logical flaw: At certain times of great social stress the elite has to readjust the dialectic to include arguments that it had dealt with previously but which are reappearing. What this means practically is that it has to reintroduce spokespeople to represent the side of the argument that it has already left behind. If society in some fashion has reignited a debate that the elite believed was already doused, then the elite is a position of re-endorsing perspectives that it had intentionally done away with. This is what is happening now.
>
> What the elite may have failed to grasp is that the control mechanisms of the 20th century are not configuring the conversation in the desired manner in the 21st. Why is this the case? Because the Internet is a process not an episode. The Anglo-American axis is a linear enterprise with a single focus, apparently: world government. But linear solutions are not going to work in the Internet era. In fact, there is an argument that such solutions will actually make things worse from the Anglosphere's point of view.
>
> Granted Assange is in some way a controlled entity; nonetheless, a group of his peers have split away from WikiLeaks and are setting up their own enterprise, OpenLeaks. If this enterprise is not controlled as well then any control over Assange will make little difference. The larger conversation still remains out of control.
>
> Is Assange in a sense being positioned – knowingly or not – as the controlled opposition? (Perhaps he is merely a courageous individual motivated by strong convictions; and we have acknowledged this possibility as well.) Our suspicions regarding Assange are reinforced, nonetheless, by Chossudovsky, as follows. The following are direct quotes from the article:
>
> • There are reports from published email exchanges that Wikileaks had entered into negotiations with several corporate foundations for funding. (Wikileaks Leak email exchanges, January 2007). The linchpin of WikiLeaks's financial network is Germany's Wau Holland Foundation. ... "We're registered as a library in Australia, we're registered as a foundation in France, we're registered as a newspaper in Sweden," Mr. Assange said. WikiLeaks has two tax exempt = charitable organizations in the U.S., known as 501C3s, that "act as a front" for the website, he said. He declined to give their names, saying they could "lose some of their grant money because of political sensitivities."
>
> • The Role of the Corporate Media: The Central Role of the New York Times. Wikileaks is not a typical alternative media initiative. The New York Times, the Guardian and Der Spiegel are directly involved in the editing and selection of leaked documents. The London Economist has also played an important role. While the project and its editor Julian Assange reveal a commitment and concern for truth in media, the recent Wikileaks releases of embassy cables have been carefully "redacted" by the mainstream media in liaison with the US government. (See Interview with David E. Sanger, Fresh Air, PBS, December 8, 2010). This collaboration between Wikileaks and selected mainstream media is not fortuitous; it was part of an agreement between several major US and European newspapers and Wikileaks' editor Julian Assange.
>
> • The "redacting" role of The New York Times is candidly acknowledged by David E Sanger, Chief Washington correspondent of the NYT: "[W]e went through [the cables] so carefully to try to redact material that we thought could be damaging to individuals or undercut ongoing operations. And we even took the very unusual step of showing the 100 cables or so that we were writing from to the U.S. government and asking them if they had additional redactions to suggest." (See PBS Interview; The Redacting and Selection of Wikileaks documents by the Corporate Media, PBS interview on "Fresh Air" with Terry Gross: December 8, 2010, emphasis added).
>
> • David E. Sanger cannot be described as a model independent journalist. He is member of the Council on Foreign Relations (CFR) and the Aspen Institute's Strategy Group which regroups the likes of Madeleine K. Albright, Condoleezza Rice, former Defense Secretary William Perry, former CIA head John Deutch, the president of the World Bank, Robert. B. Zoellick and Philip Zelikow, former executive director of the 9/11 Commission, among other prominent establishment figures. (See also F. William Engdahl, Wikileaks: A Big Dangerous US Government Con Job, Global Research, December 10, 2010).
>
> • The leaks are being used to justify a foreign policy agenda. A case in point is Iran's alleged nuclear weapons program, which is the object of numerous State Department memos, as well as Saudi Arabia's support of Islamic terrorism. The leaked cables are used to feed the disinformation campaign concerning Iran's Weapons of Mass Destruction. While the leaked cables are heralded as "evidence" that Iran constitutes a threat, the lies and fabrications of the corporate media concerning Iran's alleged nuclear weapons program are not mentioned, nor is there any mention of them in the leaked cables. The leaks, once they are funneled into the corporate news chain, edited and redacted by the New York Times, indelibly serve the broader interests of US foreign policy, including US-NATO-Israel war preparations directed against Iran.
>
> • In recent years, the CIA's relationship to the media has become increasingly complex and sophisticated. We are dealing with a mammoth propaganda network involving a number of agencies of government. Media disinformation has become institutionalized. The lies and fabrications have become increasingly blatant when compared to the 1970s. The US media has become the mouthpiece of US foreign policy. Disinformation is routinely "planted" by CIA operatives in the newsroom of major dailies, magazines and TV channels: "A relatively few well-connected correspondents provide the scoops, that get the coverage in the relatively few mainstream news sources, where the parameters of debate are set and the "official reality" is consecrated for the bottom feeders in the news chain."(Chaim Kupferberg, The Propaganda Preparation of 9/11, Global Research, September 19, 2002).
>
> • Wikileaks and The Economist have also entered into what seems to be a contradictory relationship. Wikileaks founder and editor Julian Assange was granted in 2008 The Economist's New Media Award. The Economist has a close relationship to Britain's financial elites. It is an establishment news outlet, which has, on balance, supported Britain's involvement in the Iraq war. It bears the stamp of the Rothschild family. Sir Evelyn Robert Adrian de Rothschild was chairman of The Economist from 1972 to 1989. His wife Lynn Forester de Rothschild currently sits on The Economist's board. The Rothschild family also has a sizeable shareholder interest in The Economist.
>
> There is much more in the article, and we would encourage people to read it. Chossudovsky points out that "Limited forms of critical debate and 'transparency' are tolerated while also enforcing broad public acceptance of the basic premises of US foreign policy, including its 'Global War on Terrorism' ... We must ensure that the campaign against Wikileaks in the U.S., using the 1917 Espionage Act, will not be utilized as a means to wage a campaign to control the internet." What Chossudovsky does not suggest is that the elite in its desperation to control a freedom-oriented Internet conversation has put itself in the position of sponsoring a controlled opposition that cannot, ultimately, be controlled. (This is in part because as we understand it Chossudovsky, apparently a progressive of sorts, does not believe in an Anglo-American elite.)
>
> When the Gutenberg press came on the scene, the elite of the day apparently contemplated Assange-like strategies. Eventually – some believe – the Venetian banking elite sponsored Martin Luther and funded the Reformation to reduce the power of the Catholic Church. But one could make the case that the Reformation itself got out of hand, causing religious schisming that created more headaches for the powers-that-be than they ever intended; eventually what the Reformation began would contribute to the settling of the New World and the creation of a new and formidable opposition to elite, one-world aspirations.
>
> Conclusion: Even if the elite through its controlled intelligence agencies manages to control WikiLeaks, the evolution of the Internet may spawn other variants that are unexpected and potentially uncontrollable. Whatever Assange is or is not is probably not ultimately the issue (and hopefully WikiLeaks shall do some good). However, the entropy of the Internet is the real concern, and one that the Anglo-American axis has yet to solve in our humble view.
>
>
>
> LIE #7: Don't worry about Chinese inflation or its empty cities.
>
> Inflation Heard Round the World
>
> "Rising commodity prices threaten global economy ... Australians naturally regard high commodity prices as good, but they are now reaching levels that pose a threat to the world economy ... A range of forces operates on commodity markets. The weather in Europe, the continuing strength of the emerging economies and, for some of Australia's commodities, the recent floods all play a role. A common factor is the rise of financial investment, which has surpassed the levels of 2008. In part, there is a simple recognition by investors of the China story, with commodities providing a good way to obtain leverage. But there is also a flight from currencies, which has seen gold double since late 2008 with a 20 per cent rise this year. Many investors seek alternatives to the euro and the US dollar." — The Australian
>
> Dominant Social Theme: Prices are up. A little inflation is a good thing.
>
> Free-Market Analysis: When the Bell began reporting on Chinese price inflation a year-and-half ago, it was unfashionable and uncomfortable news. But in fact, inflation is a BRIC phenomenon, and is not merely restricted to China. This has tremendous implications that are not being reported by the mainstream press. It means that other larger industrial economies – specifically India's, Brazil's and Russia's – are in the throes of potentially destabilizing price rises that can derail the West's hesitant progress toward renewed economic stability.
>
> The Anglo-American power elite that has been responsible for setting up the world's central banking economy is evidently and obviously worried about civil unrest. We have argued of late that the West's economic downturn is in a sense manufactured, but that it has been far worse than the elite imagined. As a result, the elite has been preoccupied with "managing" the Greater Recession – attempting to ensure that it does not engender an over-throw of the system, but is merely bad enough to generate a pretext for increased global consolidation.
>
> Efforts at re-inflation taken by central banks around the world has been truly remarkable. Thus while prices have gone down and credit has contracted in the past two years, the larger trend of inflation gaining strength has not yet been adequately reported. What the mainstream press HAS reported on (see excerpt above) is commodity price inflation. This is perfectly congruent with our expectations; the arc of gold and silver price appreciation has to be put in SOME context after all.
>
> Given that printing presses worldwide have been steadily occupied for several years, we are perhaps moving past any likelihood of sustained price deflation or disinflation (certainly for non-Western, major economies). The predictable consequences of virtually endless money printing will be endlessly inflationary. Inflation is, of course, a monetary phenomenon. And printing money does not necessarily trigger it in the short term, but the long-term consequences are disastrous.
>
> Central banks around the world have been coordinating money printing in an attempt to re-stimulate the economy worldwide after the disaster of 2008. Printing yet more currency, and further distorting already moribund or over-stimulated economies just adds to the dislocation. The patient already lies bleeding on the rack. Monetary stimulation merely increases the pressure without providing real relief.
>
> In 2008, the fiat money economy that featured the dollar as the reserve currency basically died. We know it died because the biggest Western banking institutions were technically insolvent in 2008. It took a massive infusion of cash – one we then estimated would reach US$100 trillion – to restart Western economies. (We think we're getting close.)
>
> But even this amount of money merely provided liquidity and could not actually undo the damage caused by decades of economic distortion. The result is that the West, and especially Europe and America, remain in the throes of a jobless recovery, while the BRIC economies – the engines of the world right now – are entering a dangerous phase where price inflation (the result of monetary inflation) is threatening to race out of control.
>
> When the Bell began reporting on Chinese inflation a year-and-a-half ago, it was not the fashion to write about it. China was an economic miracle and any inflation in that country was bound to be easily controlled – or that was the story, anyway. Today, China's price inflation woes are a steady drumbeat. The world has discovered (as we recently reported) whole "ghost-cities," built on speculation, empty and waiting for a population that may never come. You can see the story here: China: That Urban Empty Feeling.
>
> Likewise, there has not much talk of Indian inflation and certainly not Brazilian inflation in the Western mainstream press. But the BRIC countries that having been driving the world with their economic performance are all beginning to overheat. Russia is in especially bad shape because that economy is already battered and citizens are not in a forgiving mood. There is unrest throughout Russia and it recently hit home with a series of violent protests in Moscow.
>
> Reuters reports the following:
>
> The head of Russia's top lender Sberbank, German Gref, said Monday he expects the 2011 inflation at 9% or higher. "We do not expect inflation to exceed 10% but it is highly likely that it will be above the 9% mark," Gref told the Rossiya 24 TV channel. He said he does not see any chance for the 2011 inflation to get lower than this year's figure of approximately 8.5%. The Statistics Service said in mid-December that since the year start, inflation hit the 8.1% mark. Gref said GDP will grow by over 4% in 2011.
>
> Then there is this report from BusinessInsider regarding India ...
>
> Here's One Crop Exemplifying The Massive Struggle With Inflation In India ... India's struggle with food inflation may be evident in one crop with surging prices the government is doing its best to control. Onion prices have sent India's food price index soaring, up 12.13% as at December 11. The 2% jump in onion prices forced a ban on exports of the vegetable until January 15. India's government also cut import duty on onions.
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> Of all the BRIC countries, Brazil is perhaps the most stable in terms of labor peace. But that does not mean that Brazil is immune from price inflation. Like the other BRIC countries, Brazil's printing presses have obviously been working overtime and the results are increasingly obvious, according to Bloomberg:
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> Brazil Inflation Outlook for Next Year Rises For Third Week in Bank Survey ... Brazilian economists lifted their forecast for 2011 inflation for a third straight week, according to the median forecast in a Dec. 24 central bank survey of about 100 economists published today. Consumer prices will rise 5.31 percent next year, according to the survey, up from a week-earlier forecast of 5.29 percent. Prices will appreciate 5.9 percent in 2010, up from a week- earlier forecast of 5.88 percent, the survey found.
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> Price inflation is a problem in the West as well, but not an overwhelming one because money is not circulating with any ease. Once it does, however, conditions, in our view, may approach a kind of hyper-stagflation. We base this conclusion on the US stock exchange itself, which has seen a significant run-up now approaching 20 percent.
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> Does anyone really believe that stimulating the stock market this way – by printing money – is a healthy way to go about generating an economic recovery? It may contribute to the bottom line of multinational corporations, but in the long run it is more likely to cause the aforementioned stagflation than a recovery.
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> The big story in 2011 should be the looming inflationary pressures that threaten to derail the BRIC countries that have proven an engine of growth. If inflationary pressures continue to build, BRIC countries will raise rates and even implement price controls (which China is already considering) in order to counteract price rises.
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> This worst-case scenario will likely depress the economic performance of BRIC countries and certainly in China, Russia and perhaps India could lead to significant civil unrest. Couple this with the austerity riots in Europe and the rising level of violence and dissatisfaction in America and it would seem there is the possibility of rising violence the world over. This is just what the Western elites fear and are working to avoid. But the only solution available to them is the blunt one of monetary policies—re-stimulation—and as we have just tried show above, it will likely cause more problems than it will cure.
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> Conclusion: Far from moving swiftly or easily toward increased world governance, the elite may find it has its collective hands full just managing the current downturn. The truth-telling of the Internet, when coupled with Western economic unraveling, may continue to militate against world governance. Regimes in China and Russia are both fragile; many continue to predict the death of the euro and perhaps the splitting-up of the EU itself. Price inflation may be an aggravating factor in all these scenarios. While it has not been much remarked upon in 2010, it may be the defining story in 2011.
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> LIE #8: Everything is going to Hell and nothing can be done about it.
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> The Charade of World Depression
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> "Self-righteous Germany must accept a euro-debt union or leave EMU If Germany and its hard-money allies genuinely wish to save the euro – which is open to doubt – they should stop posturing, face up to the grim imperative of a Transferunion, and desist immediately from imposing their ruinous and reactionary policies of debt deflation on southern Europe and Ireland ... One can sympathise with the German people. Their leaders in the 1990s told them "famine in Bavaria" was more likely than the preposterous suggestion that Germany might have to bail out countries as a result of EMU. But events have moved ... Chancellor Angela Merkel (left) must know that the Spanish state, juntas, and banks cannot refinance €300bn (£254bn) next year at a bearable cost if the Tesoro is already paying a decade-high of 5.45pc to sell 10-year bonds, yet she continues to play for time she does not have." — UK Telegraph
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> Dominant Social Theme: Germany must grasp the nettle.
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> Free-Market Analysis: The problem of the EU seems simple, as indicated by this article excerpt above. The Southern PIGS (Portugal, Ireland, Greece and Spain) are bankrupt but cannot devalue because of the euro contract. The wealthy North will therefore have to bail out the PIGS and in doing so, provide substantive oversight. Germany ends up being the guarantor of last resort and also the state providing the watchdogs, basically, since it is German money that will save the EU. It is a German EU after all, and the Germans will have to stop dithering ...
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> This is one (fairly simplistic, we would argue) way of evaluating the situation that is currently evolving in the EU. But here at the Bell we have also argued that the Anglo-American axis is really behind the EU – and perhaps the average German won't have much say in the matter. The Anglosphere seeks world government and the EU is a basic building block.
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> The point we want to advance in this article is that there is perhaps a deeper subterfuge going on. Yes, we've suggested this before, but as the EU unwinds, as America quakes from unemployment and China shudders from inflation, we continue to explore the possibility. And so we ask, once more ... Is the world being manipulated into an ever-more-massive depression? And how would that work exactly?
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> In order to explain it, we need to establish (for purposes of argument anyway) that there is an Anglo-American power elite composed of certain fabulously wealthy families that seek one-world government. There has been speculation, for instance, that these families have a hand in the recent saga of Foundation X which sounds more like the plot of a bad paperback novel than anything real. Lord James of Blackheath mentioned Foundation X at the House of Lords in early November.
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> It was his contention that 'Foundation X' had the resources to "bail out" the UK and that Foundation X's gold reserve was larger than what is considered to be the world's total mined reserves. Lord James of Blackheath was roundly derided as a "nutter." We don't find him so. We have asked if Foundation X was merely a cover for the financial interests of the Anglo-American power elite. It still seems a pertinent question. This kind of money is massive indeed, assuming Lord James didn't drop off his meds for a day. It reinforces the idea that what we are watching around the world is a charade.
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> We have previously argued that there is a level of behind-the-scenes collusion between ALL the powers-that-be. All of them, East and West, may be cooperating to bring down the current system with an eye toward instituting something in its place that will be mutually agreed upon. (The IMF's bancor comes to mind.)
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> Follow the logic, please. If indeed a family or group of families has now taken possession of more gold tonnage than people knew existed, then isn't the world's financial crisis perhaps less serious than it seems? A few tons of gold in the proper places would go a long ways to alleviate the debt problems of Portugal, Greece and Ireland.
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> Much has been made of the difficulties that the big banks face. But we believe the banking system worldwide, is owned outright by this clique of banking families. What do they care, really, if their banks are insolvent? How much difference does it make?
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> Are we witnessing a planned collapse? If so, the art of such an event will lie in its management. The collapse must be calibrated so that the people are made miserable without being brought to the point of total revolt. The progress that the elite has made in building one world government must not be compromised by the ongoing collapse, but must be supported by it.
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> This would make sense even within the context of the nuttiness of the Foundation X episode. The Anglo-American elite may be nervous about British unrest (and unrest in the EU generally). It may feel it has pushed too far, too fast. If one traduces what one has created (the current Western system of finance) then what, ultimately does one have left but a small group with gold and billions without? Not a good survival equation.
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> It sounds bizarre doesn't it, dear reader? The idea that a small group of elite families with a power-base in London's City has managed to accumulate all the wealth in the world and – like the hydra-headed leader of million-man orchestra – played the tune to which the world has danced for at least 100 years.
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> And yet ... gaze at the 20th century without flinching (if that is possible) and take calm stock of history as it is commonly recited. Central banking – price fixing of the price and amount of money – spread throughout the world despite the ruin it inevitably causes.
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> Two world wars were fought, neither one with very clear antecedents. One great depression engulfed the world, again without a very clear causation. Somehow the world drifted away from honest money – gold and silver – which people had depended upon for millennia. New ‘isms" sprang up, seemingly out of nowhere – Communism, Nazism, Socialism – and somehow, somewhere, found fertile soil and were adopted by governments.
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> Psychology – the science built on analyzing the ghosts of mentality – became popular. Modern art flourished despite the great distaste of the masses. Serial wars were continually pursued; and world government was suggested as an antidote. In fact, a global financial infrastructure sprang up shortly after World War II, one that included the International Monetary Fund, the World Bank and a much-empowered Bank of International Settlements. Even today, couriers for the BIS apparently operate with absolute immunity. Not a single nation or extra-national group as we understand it is empowered to search a BIS courier or inquire about the contents on his or her person.
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> Does all of the above have a common denominator? Yes, it does. The history of the 20th century in almost every instance is one that seeks to reduce the self-reliance of the common man, to shatter families and to promote dependence on the state. It cannot be a coincidence in our view when everything from art to science, to literature, to history ... education, economics, finance, etc. all promote spiritual nihilism and ever-expanding statist enterprises. There are even questions as to whether the "state" that people relate to in America is actually a corporation that sees inhabitants as assets rather than sovereign citizens.
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> Follow the money. Alternative history revealed on the ‘Net shows us that much of the funding for the 20th century "isms" came from Western financiers; much of the funding for the Red Russians came from Wall Street; Red China in turn received funding from the USSR. The Rockefellers, meanwhile, donated the land for the UN; David Rockefeller was intimately involved in the creation of the IMF, World Bank and even the BIS before the war.
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> The royal families of Europe and Britain are mostly interrelated and own vast amounts of property and industry. Many nation-states are not nearly so independent as they seem. Israel is an almost personal project of the Rothschilds who engineered its creation and then physically provided the Knesset and the Supreme Court building with its all its strange Illuminati symbolism; Hitler's rise and Germany's rebuilding were funded by Western banking interests.
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> On and on, when one follows the money trail (and the Internet makes it easy) it leads back only to a few individuals and groups. And this is as it should be; through some sort of mathematical formula, resources are always distributed unequally, with one group of individuals ending up with the majority of assets and everybody else making due with the leftovers. But in the case of the power elite, controlling the lion's share of assets has not been enough.
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> In order to ensure their power continues and to gather even more assets if possible, the elites have pursued a horrible program of mercantilism. By using the color of government to justify and hide their activities, the powers-that-be have created intelligence operations, central banking economies and even whole armies that nominally belong to the state but in actuality are controlled by a shadowy handful of individuals and families standing behind Western governments.
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> This program came into full-effect in the 20th century when central banks became ubiquitous and the money generated enabled the power elite to virtually buy control of the Western world. Accordingly, many of the West's most significant sociopolitical events were compromised and perhaps pre-planned. Everything from the counter-cultural revolution of the 1960s to (possibly) the landings of men on the moon to the various Marxist-Leninist tides that swept the world in the 20th century were offered within the context of a larger script goading the globe toward a unitarian governance.
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> The world's levers of power are seemingly controlled only by a few, and they are not those that are "democratically elected." Given that there is plenty of evidence that this singular elite orchestrates world wars and even globally-convulsing socio-political movements, is it so much of a stretch to speculate that the current, deepening economic depression is in a sense a managed one? The elite well understands the outcome of central banking economies.
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> What is happening in Europe, what has happened in America and what will happen in China are both evident and obvious. A continued degradation of the world economy can likely be forecast.
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> The only item that the elite in our view did not entirely anticipate was the Internet itself. The truth-telling of the Internet has literally blown-up the secrecy that veiled the elite conspiracy to rule the world. It has also illustrated the elite's lack of intellectual resources. When exposed, those behind the conspiracy have ignored the exposure and attempted to force through their plans with brute legislative, civil and military force – as if the popular approval they have stage-managed through their fear-based promotions no longer mattered.
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> It is astonishing to us that people (even readers and commentators at the Bell) do not see fully the disaster that has overtaken the power elite. For 100 years the elite operated behind-the-scenes, carefully orchestrating dominant social themes to promote ever-more-unified global governance. But now these plans are exposed along with many of those who promote them. For this reason we continue to point out these strategies may not be brought to fruition (no matter what prophesy vaguely predicts).
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> Investors, especially, should watch carefully. In the 20th century, those who understood the promotions being implemented were likely wise to help fund them. But in the 21st century, as we have pointed out, at least some of the high-profile themes that the elite had hoped to implement seamlessly have unraveled. The Chicago Climate Exchange just went out of business and we have the idea that much of the so-called Green economy may soon follow, (wind and solar power companies, electric car companies, etc.) just as it did in the 1970s.
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> Conclusion: To orchestrate a global depression leading to a New World Order in these circumstances strikes us as foolhardy. Ordinarily such ruin would depress the world's masses and cause the requisite chaos. But too many understand too much of what is going on these days. When one wishes to cause maximum confusion, is it wise to do so with a target strapped to one's back?
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> LIE #9: We need to combat global warming – harder than ever.
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> Carbon Marts Launch Around the World
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> "World Bank chief to launch carbon market fund ... World Bank President Robert Zoellick is set to launch a new multi-million dollar fund in Mexico on Wednesday to help emerging market countries set up their own carbon markets, the bank said on Tuesday. While the list of participating countries is still being finalized, they are expected to include China, Mexico, Chile and Indonesia. Zoellick will launch the fund in Cancun on Wednesday where countries are involved in global climate negotiations to toughen existing pledges to cut carbon emissions." — Reuters
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> Dominant Social Theme: We, the deciders, need to help countries combat global warming as much as possible.
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> Free-Market Analysis: Colonialism is alive and well. The World Bank is to encourage carbon trading in developing countries. Too bad. This will make it even harder for developing nations to grow up; and the ramifications are simple. It means more sickness, more starvation, more deprivation. The Anglo-American power elite has learned through harsh experience that slavery does not pay in the modern era – or not open slavery anyway. Thus carbon trading (to alleviate non-existent global warming) is used to cement yet more intergenerational servitude. Africa is not to escape Western-induced poverty any time soon.
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> What do we have against carbon markets? The same thing you should have, dear reader. They are nothing more than an elaborate plot to increase the Anglosphere's ability to suck funds from the world's staggering middle class and poor while increasing control over energy usage.
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> Carbon markets in fact are designed to distribute the ability of industry to pollute – and thus benefit large "polluters" at the expense of the small. To begin with, carbon (pollution) credits are issued to industrial players. Since the credits are worth what the market prices them at, industry has an incentive to try to pollute as little as possible because then a given company can go on the market and sell the remaining carbon credits for a profit. Alternatively, a company that is polluting too much must go into the market and buy credits. This is a kind of private-market fine.
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> But what if the "pollution" is an entirely made-up phenomenon? This is, unfortunately, the case with "carbon" – carbon dioxide. Carbon dioxide is among the most necessary gases on the planet. The theory behind carbon pollution is that carbon dioxide "traps" greenhouse gases in the atmosphere and thus causes global warming. But in fact water vapor is responsible for most of the trapping effect and carbon dioxide for perhaps three-to-five percent. Proponents of global warming will explain that it is this three-to-five percent that is critical. But as we have already learned, global warmists will say almost anything.
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> The rhetorical nomenclature has been ever changing. We are now to use the phrase "climate change" or perhaps "climate catastrophe" – one cannot keep up. But the main issue is that global warming is a phony, fear-based promotion based on manipulation of data. The weather stations from where the data was gathered were often chosen or even placed in the warmest possible places. The data itself was "cooked" so as to show a predetermined conclusion. Can you possibly envision governments or NGOs cooking their books dear reader?
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> UN white papers consisted of outright lies, including the prediction that the Himalayas were melting away. This "cite" was later proven spurious, taken erroneously from an article and misinterpreted. The North Pole is not melting away either and the South Pole is apparently becoming more frozen. There is a good deal of speculation now that the world is entering another mini-ice age. Of course what finally unraveled the scam was the release of emails showing that a small group of scientists had actively manipulated data over a period of years.
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> The scientists had suppressed data and articles that were contrary to the "theory" of global warming while ensuring that articles that supposedly established global warming were prominently published in scientific journals they either controlled or created.
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> Global warming has been thoroughly discredited. Its theoretical underpinnings have proven untrue. It's nothing but a fundamental promotion of the Anglosphere – which uses such fear-based promotions in its attempts to frighten people (especially in the West) into giving up wealth and authority to elite, global institutions like the UN and WHO.
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> There are in fact a number of promotional threads that the Western power elite is trying to weave together in the greenhouse promotion. There are electric cars, carbon markets, a larger environmental promotion (including green politics) and of course "smart grid." The end result would seem to be an environment where everything (including travel) is somehow controlled and metered. This fits into the Anglosphere's larger goal of one-world governance. The World Bank, as a prime facility of the Anglosphere, has now been tapped to move the promotion forward – as it has been stymied elsewhere.
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> One can see the muzzy outlines of an Orwellian future in this sort of design. One's entire life could be easily tracked. Each different utility presumably could be logged – from the coffee-percolator in the morning to the use of an oven in the evening. We can easily see how carbon trading fits into this scheme. Eventually, carbon trading would trickle down from the large marts; what was industrial would become personal. People no doubt would end up with their own carbon credits, ones they would have to buy or sell depending on whether they had exceeded their carbon usage within a given time frame. This would not be all of course. Eventually, civil and criminal penalties would be brought to bear on carbon "abusers." Those responsible for too much carbon dioxide could go to jail.
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> It is perfectly possible within this context, by the way, for one's own breathing to play a role in carbon-dioxide production. If it could be established, for instance, that a heavy person produced more carbon-dioxide than a lighter one, weight limits could be introduced whereby people over a certain poundage would be fined or have to pay some sort extra tax as a kind of penalty. Athletic events, where people breathed more heavily due to exertion, might have to pay some sort of surcharge. Construction firms, employing people out-of-doors in strenuous employment capacities might have to pay a surcharge as well.
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> At every opportunity, Western societies have decried slavery in modern times and postured against it. The irony is of course that many in the West are now paying far more to the government than the annual 30 percent a serf tithed in the Middle Ages. Slavery is alive and well in our view. And the whole issue of carbon trading and carbon-dioxide-as-a-pollutant would seem to be slavery-by-another-name. What is being prepared for Western societies is a special kind of hell.
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> How does all this carbon-trading nonsense affect developing countries? Leaving aside any personal carbon limits to be put in place at some point, carbon trading must eventually add entrepreneurial costs. A large company can afford an overage but a small company likely cannot. Carbon trading in Africa will hurt small businesses, create more corruption and give advantages to the largest players, businesses that inevitably have Western interests. The World Bank has no business helping fund carbon marts in the developing world. Questions come to mind: Who gave it that authority? Where is the science that the World Bank must cite before it begins to encourage impoverished countries to tax citizens' breathing?
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> Of course the rule of law, whatever that can be construed to be in Western society these days, means nothing to those at the World Bank or its elite managers. Impoverished countries are easier to influence than wealthier ones, so the scam of global warming is to be re-initiated there. Africa we believe is the essential target. The Anglosphere wants to blow up Africa just they way it has blown up South America, Europe and (sooner or later) China. There are already plans on the books for an African Central bank and an active "African Union" to mimic the horror show now taking place in Europe.
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> Conclusion: The elite is currently failing in their attempts to build an over-arching greenhouse gas economy in the West; and the UN meetings now taking place in Cancun, Mexico will bring modest or little relief – no matter how they are "spun." The strategy is shifting from grand UN treaties to building carbon economies from the ground up in individual countries. Certainly, the developing world i