NOTICE OF SUSPENSION OF ALL KEVIN ANNETT PROGRAMMING BY ExopoliticsTV


The Directors of ExopoliticsTV met on Friday Dec. 19, 2014 and for the following reasons have decided to take all ExopoliticsTV interviews with Kevin Annett, sole spokesperson for ITCCS, offline until further notice.

REASONS FOR THIS DECISION:

  1. Kevin Annett has refused to make available George Dufort, the ITCCS personnel in charge of ITCCS available for interview to corroborate the statements made by Kevin Annett in interviews with ExopoliticsTV since Sept 14, 2011.  Because of the statement of ExopoliticsTV, Alfred Lambremont Webre [See below], there is probable cause to believe that fraudulent statements by Kevin Annett may appear throughout each of these interviews.  ExopoliticsTV does not have the resources to edit each video for possible such statements at this time.
  2. ExopoliticsTV does not wish to be responsible morally, ethically or financially for broadcasting false and misleading information about the topics that Kevin Annett is addressing in his interviews.
  3. Public Health & Welfare – The issues addressed in Kevin Annett’s interviews are paramount to public health and welfare, especially of children and our institutions.  AS soon as independent, corroborative evidence comes forward on the issues Kevin Annett has addressed, ExopoliticsTV will broadcast that evidence.

Vancouver, BC Dec. 19, 2014

Geri DeStefano-Webre, PhD

Alfred Lambremont Webre, Med, JD

webre

MEMORANDUM RE VERACITY OF KEVIN ANNETT STATEMENTS

BACKGROUND:

I interviewed Kevin Annett as sole ITCCS spokesman for 3 years and I took on faith many statements he made because of my 10 year relationship with him at Vancouver Coop Radio.

On Oct. 28, 2014, a woman friend of mine came to me with a report that Annett had been simultaneously romancing and proposing marriage to several women in different parts of the planet. I had also noticed that young beautiful women would be appointed administrators by Annett of the ITCCS Facebook group [which I had founded] who then would become traveling companions to Annett across Canada and to Europe.

My friend told me that Annett was engaging in unethical interpersonal relationships with multiple women. By coincidence Annett was scheduled for an ExopoliticsTV interview in early Nov 2014 and I confronted him with what I had been told. Annett lied to me face to face as an ExopoliticsTV interviewer and Producer, saying he hardly knew my friend whereas they had been going out for 2 years. Annett then accused my friend, who runs a spiritual center, of being a government agent. At that moment as a broadcaster  I lost trust in Kevin Annett as I sensed he was deliberately lying for deceptive media purposes.
Within the past two weeks investigator Heather Martin published interviews with two women whom Annett was simultaneously romancing at the same time he was my friend and living a jet set international life style on proceeds he had obtained through breach of trust with yet another female ITCCS supporter who gave him a total of $150,000 for ITCCS that was misapplied to his personal lifestyle.

I decided that as a matter of due diligence I should request an independent interview with George Dufort who Annett indicated had functioned as a coordinator of ITCCS Brussels. Over the past several months I had received emails purportedly written by George Dufort. I also knew that some researchers had concluded that George Dufort, like Jeremiah Jourdain, were fictitious persons Annett had made up in an effort to make his organization real.
Upon my request of an interview with George Dufort, Annett escalated into a public hostile response indicating that I would be the target of a Tribunal and Grand Jury starting in January in Vancouver.

Hence I issued a Protective Order to protect my home and the 10 people in it including elementary and secondary aged students from being threatened by the Grand Jury and Republic of Kanata gang, mandating no contact and prohibiting them from coming within 100 meters of my house.

ExopoliticsTV has now developed and will be publishing evidence that Annett manipulated $150,000 from one such woman to support his lifestyle in the ITCCS, constituting fraud and breach of trust. NewsInsideOut.com has yet to receive verification that ITCCS Brussels personnel or the court exist. Moreover we have receive preliminary information impeaching one of Annett’s principal European witnesses.

In the course of following through on due diligence we have been attacked and distorted by Annett and followers.

Our articles exposing Annett’s breach of trust, compulsive lying, financial fraud, and shady involvement in child trafficking issues will be appearing in the coming weeks and months

Our working hypothesis is that one of the functions of ITCCS is to displace and discredit any genuine citizen offered in this field.

Alfred Lambremont Webre,

Dec. 19, 2014

http://exopolitics.blogs.com/peaceinspace/2014/12/notice-of-suspension-of-all-kevin-annett-programming-by-exopoliticstv.html

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Benjamin Fulford – Of Bush, Blair, Dalai Lama, Sultan Brunei, Agha Khan and The Pope


Benjamin Fulford: Torture report paves way for arrest of top Nazionists – December 15, 2014

benThe 500 page report of Bush era torture issued by the US Senate marks a major turning point in US power. While much of what is in the report is old news to most aware humans, the fact that it was issued by the US Senate Intelligence Committee and the fact that it was widely reported on in the corporate propaganda media is very important. For one thing it shows that Nazi faction of the cabal no longer controls the corporate media. It confirms information given to me earlier that the Cohen faction of the cabal had broken ranks with the Bush faction.

Even more important is that, according to establishment rules, once an incident is “in the news” then action must be taken. Since the United States is a signatory to the Geneva Conventions, it means their government is bound by law to prosecute war criminals. This means, just as we predicted last week, that George Bush Jr. and the entire Nazi (Neo-con) faction of the cabal, are headed for jail and possibly even the death penalty.

The release of this report comes as the British Crown Prince William was in Washington to “attend a World Bank conference.” Japanese government sources say that while in Washington, William signed treaties that confirmed a change of ownership of the corporate government of the United States. However, MI5 sources could only confirm that William did sign some documents. The timing of the release of the torture report may have been linked to that.

Also, remember how Bush Jr. and Tony Blair each went for private audiences with pope malevolent (Benedict XVI) after they left office? They were showing the world they had a powerful protector and were beyond prosecution. Well, the new Pope Francis and the P2 have taken away their immunity and that is why war crimes trials are now possible.

The UN, UK government officials, the Chinese and many others are clamoring for this right now.

http://www.dailymail.co.uk/news/article-2870289/Clegg-backs-demands-judicial-probe-UK-torture-Blair-Government-accused-secret-policy-complicity.html

Some of the top Bush clients around the world are now, understandably, running scared because their big patron is losing. One of these is the Dalai Lama, a hypocritical Nazi murderer who was refused an audience with the pope last week. This means he has no protection. Another one is the Sultan of Brunei who, according to CIA agents in South East Asia, has always been one of the key money launderers for the Bush world wide narcotics business. A third is the Agha Khan, a descendant of the Prophet Mohamed who runs a lot of the Al Qaeda type of stuff for the Bush faction, according to MI5 sources.

The Agha Khan, the Dalai Lama and the Sultan of Brunei were all members of a secretive committee that controlled global collateral account funds that were meant to be used for the benefit of the people of the planet but were instead mostly embezzled.

Meanwhile, the mysterious Philadelphia based source who predicted such things as the attack on Malaysian airlines, is now saying the Bushes and their cabalists have stolen US dollar funds belonging to the Russian and Venezuelan governments. This comes after their recent theft of the Japanese government pension fund.

For that reason, the people who run the UK pound and Euro systems have been by-passing the US controlled SWIFT system and are routing their transactions through Hong Kong, according to Chinese sources. In public this can be confirmed by a statement issued last week by IMF director Christine Lagarde:
“The IMF’s membership has been calling on and was expecting the United States to approve the IMF’s 2010 Quota and Governance Reforms by year-end. Adoption of the reforms remains critical to strengthen the Fund’s credibility, legitimacy, and effectiveness, and to ensure it has sufficient permanent resources to meet its members’needs. I have now been informed by the U.S. Administration that the reforms are not included in the budget legislation currently before the U.S. Congress. I have expressed my disappointment to the U.S authorities and hope that they continue to work toward speedy ratification. As requested by our membership, we will now proceed to discuss alternative options for advancing quota and governance reforms and ensuring that the Fund has adequate resources, starting with an Executive Board meeting in January 2015.”

http://www.imf.org/external/np/sec/pr/2014/pr14568.htm

Translation: the Europeans are going to dump the Americans and join the BRICS alliance starting in January.

There has also been an ongoing tectonic plate shift in the Middle East. The Pentagon has now joined with the Russians, the Turks, the Iranians to work with Syria against the Salafist forces in Syria, according to the Mossad linked Debka newsletter.

http://www.debka.com/article/24296/Is-Obama-ready-for-an-about-face-to-recognize-Assad-Will-Syria-provide-the-strike-force-against-ISIS-

This is very bad news for Saudi Arabia and other top benefactors of the Bush controlled petro-dollar system.

The plunge in oil prices, with the market now talking $40 a barrel, is another sign the petrodollar system is in trouble. A price this low has already almost certainly bankrupted some major financial companies. Another indication that something is going down is the fact that the Baltic Dry Index is down to its lowest level since immediately after the Lehman Brothers shock. Well, remember all those dead JP Morgan bankers, most of them involved in IT and computer based algorithmic trading? There is growing talk that JP Morgan is going to be the next Lehman Brothers.

Certainly people at the Federal Reserve Board and the US Treasury Department are expecting something nasty to happen. The Office of the Comptroller of the Currency is seeking “survival kits for its employees.” These include emergency food supplies, blankets, water purifiers etc.

http://www.debka.com/article/24296/Is-Obama-ready-for-an-about-face-to-recognize-Assad-Will-Syria-provide-the-strike-force-against-ISIS-

This is not the sort of stuff used in run of the mill financial crises. The other sign is the fact the Chicago Branch of the Federal Reserve Board has bricked up its windows. Clearly they are expecting trouble. Since they have talked openly in the past about confiscating people’s bank accounts, it may be they are getting ready for the riots that would certainly follow such a move. See minute 15 of this video for a picture of the bricked up windows:

https://www.youtube.com/watch?feature=player_detailpage&v=BhAV09awjsE

Also, if there are any readers of this newsletter in Los Angeles, we would like to ask them if they have any information on the fire shown in these pictures. It seems to have been the result of some sort of military attack and could be a sign that civil war is imminent in the US.

http://beforeitsnews.com/blogging-citizen-journalism/2014/12/downtown-los-angeles-massive-fire-200-firefighters-2-major-freeways-closed-2456924.html

Meanwhile, in Japan the ruling Liberal Democratic Party won a massive majority at the lower house election held on December 14th. However, Japanese right wingers say that result was not going to be enough to keep slave Prime Minister Shinzo Abe in power. Some sort of leadership convention is expected after Abe steps down “for reasons of ill health,” they say. We shall see.

Selectivities of Energetics at Gaia hu-man level has refined to enable those who have… resisted alternative pathways


Originally posted on GaiaPortal:

gaia_energy1Selectivities of Energetics at Gaia hu-man level has refined to enable those who have until this moment resisted alternative pathways.

All remaining un-cooperatives are being removed by the Light.

Eruptive planetary energetics come to fruition shortly, and catalyze “massive” changes.

Hue-Beings are called at this moment to recognize and receive Higher capabilties and skill sets.

Alternatives to the concepts within this message are not supported.

View original

#MH370 Families, Nine Months On: ‘I Still Have Hope, Maybe 1%’


malaysiandigest.com

mh370

His mother’s clothes still hang in the wardrobe; no one wants to move them. “We still hope she’ll be back and everything will be just like before,” says Steve Wang. “I still have hope. Maybe 1% – maybe half a per cent – but I still keep the hope.”

More than nine months after Malaysia Airlines flight MH370 went missing en route from Kuala Lumpur to Beijing, the families of the 239 passengers and crew members on board are no closer to knowing what has become of their loved ones.

An analysis of satellite data led Malaysia to conclude in March that the flight had ended in the southern Indian Ocean, with the loss of all lives. Yet a massive search of the seabed has to date failed to find any trace of the wreckage. Still less have the exhaustive coverage and international investigation yielded any clues as to why it disappeared.

“When I lose my iPhone I can use GPS to find it. How can you lose a plane? It seems ridiculous,” says the 25-year-old Beijinger. “If it was a traffic accident or something, and we knew who caused it and knew everything, it would be sad, but not like this. We’re still wondering where they are, what has happened. It’s hard to imagine, if the plane was flying until the next morning, what happened in the last few hours.”

Wang’s 57-year-old mother, whom he prefers not to name, had retired as a chemistry professor and was using her newfound leisure to travel and indulge her love of photography. She was returning from a trip to Nepal when she boarded MH370.

“She likes to take photographs; she likes even small things – a bee, a flower,” he says. “It isn’t fair. She’s kind to everyone; her students, her colleagues. I think most of the people on the plane are nice guys. I don’t know why this happened to them.”

Though Wang at time struggles to keep his composure, he and other relatives are determined to keep talking about the tragedy. “I want to keep this sadness or pain private. But I want other people to keep paying attention to MH370,” he explains. “We are afraid that maybe later people will forget; that’s the thing we’re most afraid of. The search must go on until they find the plane, but if no one cares about it, they’ll have a reason to stop. The investigation takes time, takes money, takes people – but it’s their responsibility to keep it up.”

The confusion and chaos that surrounded the early days of the search, and the continuing mystery of the plane’s disappearance, have left most relatives deeply suspicious about even the limited information they have been offered. “I can’t trust anybody – I can’t trust the Malaysian government; I can’t trust Boeing; I can’t even trust the [satellite] data from Inmarsat – it could be changed or edited,” says Wang.

He does not believe another flight could vanish in the same way after the attention paid to MH370. But he argues that the disappearance raises questions about the industry’s priorities, urging airlines to spend more money on safety rather than entertainment systems.

Despite the families’ anguish, they know they must go on with life, he says: “For the first couple of days I could not sleep, eat, drink, sit. I was ill, maybe not physically, but mentally. But I can’t pass this on to my loved ones, so I have to be strong – I have to look strong, at least.”

Over the months, he has cycled through emotions: “Anger. Maybe disappointment. Sadness – everything.” Now he feels his life is returning to a kind of normality. “It doesn’t mean I don’t love my mum or don’t care about it or want to forget about it, but I want to put it in another place,” he says.

He had not cried since the age of five, but sometimes he finds himself weeping when he is driving and a song comes on. He struggles when he eats his mum’s favourite food; when he goes to a mall where she often shopped. He doesn’t want other people to see, he says.

What he does want them to know is that they should cherish their loved ones while they have them. When he heard this kind of advice in the past, he acknowledges, “I thought, oh, there’s still plenty of time.” Now he recalls all the unfulfilled promises: to take his mother to a favourite restaurant; to go to the US together. “Just take care of everybody,” he adds. “Just be kind.”

-The Guardian

mh370

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Project fear: Queen’s ‘foreboding’ Scottish independence plea strategically crafted by Whitehall


RT

Liz

Downing Street and senior civil servants were so fearful that Scotland’s independence referendum could have sparked the breakup of the UK that they requested the Queen to publicly intervene in the closing days of the campaign, a Whitehall source says.

The intervention by Queen Elizabeth II, 88, was scrupulously crafted by her private secretary and Britain’s chief civil servant, a Guardian report revealed Wednesday.

The delicately worded plea was constructed in the final phase of the Scottish independence campaign, as Downing Street faced what a senior Whitehall source told the paper was a “meltdown.” Fears ran high in Westminster as polls revealed amplifying support for the pro-independence camp, the source said.

Behind-the-scenes discussions between Britain’s Cabinet Secretary Sir Jeremy Heywood and the Queen’s private secretary Sir Christopher Geidt led to the Queen’s rare public plea, the Guardian reports.

Four days prior to the September 18 referendum, the influential Monarch pleaded with Scots to “think very carefully” on their way to the ballot box.

Britain’s cabinet secretary Sir Jeremy Heywood (R), and the Queen’s private secretary Sir Christopher Geidt (L) (AFP Photo)

Britain’s cabinet secretary Sir Jeremy Heywood (R), and the Queen’s private secretary Sir Christopher Geidt (L) (AFP Photo)

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A high-level Whitehall source who spoke exclusively to the paper said the government hoped the tense negotiations that preceded the Queen’s cautionary words would serve as a warning to Scots they faced a decision “filled with foreboding.”

The Whitehall official’s disclosure echoed criticism directed at the British establishment regarding “Project Fear,” as it was dubbed by advocates of Scottish independence.

The strategic project was characterized by a ferocious media campaign, and relentless fearmongering stemming from the City of London and Westminster’s political elite. But few expected its tendrils to infiltrate Buckingham Palace.

As the Scottish independence campaign drew to a close, the Queen’s unusual disclosure came as a surprise to many who noted her mostly impartial 62-year reign.

Referencing the prospect of Scottish independence while addressing a well-wisher after Sunday service near her historic Balmoral estate in northwest Scotland, the Queen said: “Well, I hope people will think very carefully about the future.”

A seamless design

The strategic intervention was concocted by senior civil servants following Prime Minister David Cameron’s growing concerns the pro-independence Yes camp were gaining an ominous degree of ground in the final stretch of the campaign.

As the countdown to the referendum progressed, Whitehall figures allegedly told Buckingham Palace that a few careful words offered by the Queen would help matters.

Prime Minister of Britain David Cameron (RIA Novosti/Sergey Guneev)

Prime Minister of Britain David Cameron (RIA Novosti/Sergey Guneev)

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As part of this plan, Geidt and Heywood are thought to have devised the phrase she later uttered. While shrouded in a veil of neutrality, the words ultimately indicate the Queen’s support for the union.

The Guardian’s Whitehall source told the paper the intervention was meticulously calibrated.

“She knew exactly what she was doing, which is, there are two possible responses on the referendum. Either one, you buy into this is a fantastic festival of democracy, or two, you suggest this is a decision filled with foreboding.”

“So by saying I hope people will think carefully you imply the second … Without her taking a side, it cast just the right element of doubt over the nature of the decision.”

Advocates of Scottish independence claim “Project Fear” was a scrupulously designed establishment scheme created to ensure the union remained intact.

Whether the Queen’s intervention was an explicit extension of this pro-union strategy is a matter of conjecture. But the possibility has not been ruled out.

The No campaign’s relentless forecasts of economic peril, dwindling national security, an EU membership in jeopardy, and ruptured NATO relations ultimately overpowered the pro-independence movement’s messages of positivity, hope and empowerment. Many argue “Project Fear” was central to this.

In the wake of a referendum that almost terminated a 307-year-old political union, Westminster still faces many challenges.

The Yes campaign’s vision of Scotland as a Scandinavian-style state characterized by inclusivity, egalitarianism, nuclear disarmament and clean energy has been denounced by critics as utopian. However, an appetite for independence remains rife across many parts of Scotland and is unlikely to wane.

Buckingham Palace declined to comment on Geidt and Heywood’s alleged discussions concerning the Queen’s intervention.

A Cabinet Office spokeswoman also declined to comment, emphasizing the body does not publicly discuss correspondence “between the Queen’s private secretary and civil servants.”

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Epic Fail: 100 Years of the Fed


FEE

….so so many analysis and investigations have been done on the failures of the Bretton Woods‘ financial and monetary system that I’m tired of reading the never ending reports. We’ve come to the tipping point to witness its collapse…contrary to popular views and beliefs of the ‘financial experts’, I’ve come to the conclusion that the term ‘failure’ is a misnomer. It would (of course) seemed as failures when seen from ‘inside-the-box’ by ‘blinded experts’, educated and trained by the perpetrators themselves. Taught one thing but practiced the opposite. That’s why the ‘experts’ are filled with aghast with their findings and could only offer “inside-the-box” solutions which are meaningless and counter-productive. Most economists today, however, have sold themselves to the enemy. The system was formulated by dirty banksters with agendas to suit and enrich themselves and gain control of the people on this planet. These scumbags know too well that it wouldn’t last forever and when its time (like it is now) they would collapse it…all by design, and then…start another one (yes! BRICS)!. The only way to stop this nefarious program is to get rid of it log, stock and barrel.

“Banking was conceived in iniquity and was born in sin.”Sir Josiah Stamp, President of the Bank of England in the 1920s

The Fed

How monetary nationalism wrought havoc, but cryptocurrency can save us

DECEMBER 17, 2014 by JEFFREY A. TUCKER

The most surprising monetary innovation of our time is bitcoin, a privately produced digital currency and payment system. It is a global system that provides a dramatic alternative to central banking and monetary nationalism as we know it. As with other innovations, such as email and texting, it could challenge the dominance of government policies.

What will we lose if the private system replaces the government-managed one? A look at the history of central banking — and the theories behind the history — shows that we only stand to lose a system that has proven unworkable and dangerous in every way. As government management has been for the mail, education, health care, and every other sector, so has it been for money.

Modern central banking began a little more than 100 years ago. Economists and elite political figures became enamored with the prospect of a perfect money and banking system. They believed that if they could gather the smartest minds, give them vast resources, and put the power of capital and government behind them — jettisoning competitive uncertainties — America could finally stabilize a monetary system that had vexed the developed world for the previous 50 years.

Looming large in their minds was the great panic of 1907, which had come out of nowhere to lead to massive bank failures, tumultuous real estate prices, and job losses as far as the eye could see. All elite opinion — which you can read about in the academic journals of 1908 through 1914 — promised a solution. They would bring science to the problem of money management.

Scientific naïveté

This was the first stage, the period of scientific naïveté. If science could bring flight, internal combustion engines, and breakthroughs in medicine and psychology, surely it could do the same for a new field called “monetary policy.”

Those who argued this way meant that monetary science needs government power. This power would permit the manipulation of interest rates, provide a clearing system to immunize banks against failure, put a stop to private production of money and “wildcat banking,” and coordinate bank policy with national economic policy. The goal was to control inflation, smooth business cycles, and stop systemic upheaval.

Central banks were created throughout the world, especially in the emergent empire of the United States. The Federal Reserve was born — and opened for business November 16, 1914 — as a better and more stable embodiment of the national banks of the 19th century.

The Fed Founders

The founding board of governors

What central banking actually did (which very few of its proponents realized it was doing at the time) was give government a blank check to do whatever it wanted without having to achieve that gravely difficult task: taxing its citizens. It created a cartelized, government-managed system that could issue debt, immunize that debt from a market-based default premium, create money, and grow itself to achieve the dreams of the political and financial elite. Suddenly, and for the first time in modern memory, there were no limits to what was possible with public finance.

Somehow, most economists hadn’t entirely realized the implications.

Funding the Great War

This first stage directly led to the shocker that few among the previous generations ever expected: World War I. As the economist Benjamin Anderson pointed out a few years after the peace, it was central banks in the United States, the United Kingdom, and Europe that made it all possible. Had this free-money spigot not been available, governments would have relied on the traditional mechanism of diplomacy to achieve peace, as opposed to a war they could not afford. Central banks became the “occasion of sin” that tempted governments to act in ways they otherwise would not have.

It wasn’t the case, as the textbooks often say, that the Great War “interrupted” the progress toward rational economic policy; rather, the new monetary institutions tempted governments to do something they otherwise might not have done. Central banks became the enabler of a most unwelcome horror.

The Great War was the first “total war.” It involved the whole developed world. It was accompanied by a universal draft, censorship, financial controls, and a suspension of the gold standard. It drew civilians into the conflict on a scale never before seen in the history of humanity. It employed poison gas, air bombings, and weapons of mass destruction that would have been previously unthinkable.

The resulting inflation led to revolution in Russia, central planning and price controls in the United States, and the first glimpse of modern despotism in Europe and England. The semblance of democracy replaced monarchy, government rule replaced markets in most countries, and new forms of political rule displaced old-world empires.

Most significantly from an economic perspective, the result of the war was massive debt accumulation, which meant that someone, somewhere had to pay. Governments’ debt obligations led to dramatic fiscal tightening in the early 1920s, giving way to the final stage of credit expansion in the mid to late ’20s.

In Germany, where the debt obligations and strict terms of peace were severe, the result was an incredible calamity: the Weimar inflation of 1921–23. This stage of stunning upheaval paved the way for the rise of Hitler as a demoralized and destroyed social order cried out for an iron hand. In the United States and Europe, there was Black Tuesday and the beginnings of the Great Depression. Just as a drinking bout leads to a hangover, the inflations of the 1920s created the conditions of the Depression.

The first wave of Keynesianism

Rather than recognizing the failures of central banking, the elites doubled down with new peacetime measures of central planning. This might be called the first wave of Keynesian economics. Remarkably, governments pursued what we now call Keynesian policies long before John Maynard Keynes released The General Theory, his magnum opus, in 1936. His book recommended inflationary finance, high government spending, and macroeconomic manipulation — precisely what governments were already practicing.

American schoolkids are taught every day that the New Deal saved the country from the Great Depression, which is false on the face of it given that the Great Depression lasted from 1930 all the way to US entry into World War II. The war intensified the privation.

Also contrary to what kids are taught in schools, the Federal Reserve during the Depression’s early years was not pursuing laissez-faire policy. The Fed was pushing down interest rates and manipulating reserve requirements in hopes of spawning a new inflation, which it failed to achieve due to a massive drop in velocity (a dramatic increase in the demand for cash). Both presidents Hoover and Roosevelt used government power to manipulate the system. Roosevelt devalued the dollar and even banned the private ownership of gold. He tried to patch the system with deposit insurance. Still, the hoped-for monetary stimulus did not arrive.

The second wave of Keynesianism

Following World War II, which was funded (like the first one) through debt issuance backed by inflationary finance, Keynesian theory was at new heights in terms of academic economic opinion. This was second-wave Keynesianism. Keynes himself was present at the 1948 Bretton Woods conference, which attempted to create a new global currency and a global central bank, even as the veneer of the gold standard were preserved. This system was obviously unsustainable, and it eventually collapsed in 1971.

The 1950s and 1960s saw the advent of a new system of social welfare, the Cold War of endless military buildup, regional military interventions in Vietnam, and an ever-larger expansion of government into the lives of citizens — all made possible by the blank-check policies of central banking. Had states had to depend on taxes and unsecured debt alone, none of this would have been possible. There would have been no debates and riots over war and the Great Society, because neither could have been funded out of taxes and unsecured debt alone.

It’s remarkable to consider the amazing failure of the intellectual class to see the errors of Keynesian policy in those days, but it was blind to them. The widespread opinion was that the only remaining problem in the world monetary system was the presence of gold, which was finally tossed out completely with the reforms of Richard Nixon. He closed the gold window in 1971 and introduced the age of fiat money in 1973 as the final step in bringing “science” to monetary policy.

Continue reading at FEE

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Malaysia – The Umno-Baruputra Malay versus the ordinary Malay


Rebuilding Malaysia

by Mariam Mokhtar

baruputraIt is impossible to know what the hundreds of thousands of Malays truly want in the way of political reform. Most are reticent about presenting their real views. Others cannot articulate what they want without being emotional or illogical.

After being brainwashed by the likes of former prime minister Mahathir Mohamad and other extremists, most Malays have no clue what constitutes a real democracy.

All they know is that they do not want to lose their exalted position.

When Mahathir warned the Malays that they would “lose their power” if Pakatan Rakyat were to come to power, he also labeled Pakatan leaders a bunch of self-serving, racist politicians.

The Malays were the target of Umno-Baru brainwashing. For the past 57 years, Umno-Baru frightened these Malays and then demoralised them.

They told the Malays that to vote Pakatan meant Malaysia would be “sold to the highest bidder”. In the opinion of the Ketuanan Melayu brigade, Malaysia would be sold to the Chinese.

Mahathir told the Malays that the nation should be rightfully called Tanah Melayu, that the Malay is “tuan” and that the constitution accords Malays “special rights and privileges”.

It is all about power. By exercising control over the Malay mind, the power is Umno-Baru’s.

It doesn’t matter if the message is from Mahathir, Prime Minister Najib Abdul Razak, his deputy Muhyiddin Yassin, the Home Minister Zahid Hamidi or Ibrahim Ali of Perkasa.

Malays are kept in a hopeless and continually pessimistic state. The ministers give the Malay populace a low quality education but they send their own children overseas to be educated.

The policy of placing the Malay language at the forefront of education in the 1970s was ostensibly designed to unite the peoples of Malaysia, but also to control the access to thought and information of the Malay.

By placing limits to learning another language well, the government effectively blinkered the mind of the Malay so that it would become insular and regressive. How many Malay books or publications challenge the intellect or expand the mind?

Local Malays are told about the evils of Western democracy. They are not taught to be critical or think creatively. They are kept in the Felda settlements or rural areas as vote banks. Government and blue-collar jobs are easily theirs.

The only reason Umno-Baru wants to perpetuate the NEP is to benefit themselves. Najib may claim there is 1Malaysia, but in reality, there are 2Malays – the Umno-Baruputra Malay and the ordinary Malay who make up the rakyat.

How convenient then to attack the non-Malay as the root cause of the poverty and problems inflicting the majority of Malays.

Children of the Umno-Baru warlords may have access to superb education, but many of these children turned feral because this is what easy money from their parents’ corrupt lifestyle, does to them. Malay kids grow up to treat mat rempits as heroes or bully non-Malay children. This is the mindset moulded by Mahathir

The Umno-Baruputra adult goes drinking either in the KL clubs or abroad. He plays poker in his home with members of the judiciary or the police. He frequents casinos, for all night gambling sessions, when he is overseas.

At home, in Malaysia, he is the typical, hypocritical sanctimonious Malay/Muslim.

He toys around with women without getting into trouble whilst his lowly cousin, the ordinary Malay, is an easy target for the moral police. The ordinary Malay risks his life hiding from the khalwat squads by clinging onto ledges on high-rise buildings. If he is caught, he is fined, jailed and flogged.

In addition, can the ordinary Malay obtain licenses for big business? Can he buy expensive homes with big discounts? Will he have money to buy the shares that are allocated to Malays?

The answer to all the above is probably “no”.

How realistic is it for the ordinary Malay member of the rakyat to attempt to secure big projects worth several million ringgits?

Most of the small tenders (RM 500K-1 million or below) are transparent enough. However, there is no point in even trying for the “big ones”, without political clout.

In 2011, the advertising agency behind the award-winning “Malaysia, Truly Asia” tourism campaign claimed that it withdrew a bid to renew its contract with the Tourism Ministry after being asked for bribes in exchange for the deal.

That is a serious allegation and sadly it is a true reflection of what happens in government tenders.

Malay friends of mine have found so many abuses in the tender system that they too, shun government contracts. Bribes are openly sought especially for the tenders worth millions of ringgits.

There is no point trying for tenders up to RM1 million as the people who will get them have already been selected. The ministry goes through the pretence of calling a meeting to ‘discuss’ tender requirements. It is all just a sham.

For tenders worth under RM10,000, a donation of a few thousand ringgits, to the ministry’s “sports” body is often a requirement.

A friend who successfully won a bid to supply goods (worth up to RM80,000) to a ministry, was asked to discuss the finer details over lunch and was instructed to meet at a restaurant in KL. My colleague and his assistant ordered the set lunch at RM20 each.

The three people from the ministry ordered the most expensive items on the menu which cost RM250 each. The bill for a “supposed” work-lunch was RM800. And there was no discussion.

Perhaps this is where the junior officials cut their corrupt teeth before they progress to the bigger contracts where they fleece unsuspecting companies for bigger and more expensive items, and not just a lobster thermidor lunch.

Is this what Najib and Mahathir are proud of – a corruption of the Malay race where there are no morals, no pride and even less self-respect?

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