Ukraine: You Better Pay Attention Because That’s How It’s Eventually Going to Play Out in North America.

If the shopping mall regime would take a few minutes out of the day to stop following the Kardashians in the USA, they would be able to see how the events in Ukraine are something that is coming their way. Long-term strategy by the Soviets is still in full effect and the only thing that has changed is the accelerated rotting of America from within.

From Ann Barnhardt, the raw and uncut truth on Ukraine:

There is basically a media blackout on the counter-revolution in Ukraine, but y’all better pay close, close attention, because A.) decent human beings are being slaughtered in the streets for standing up to an illegitimate government and this ALWAYS merits attention as a function of simple charity and B.) I think the events in Ukraine are a foreshadowing or prototype of what will eventually play out in North America.  The two situations have many similarities. Continue reading

On Poland and Detroit. Not For the Faint of Heart.

Back to finance.  Poland did exactly what I and a few others have been warning about for years with regards to private retirement accounts and pensions.  Poland confiscated 50% of all private pension funds last week.  PRIVATE pensions.

As Warren Pollock and I have been screaming, one of the largest chunks of collateral left in the system is private retirement money, both in the form of 401(k)s and IRAs and in private pension accounts.  In the U.S., the latest data for 2012 shows that there are now $10.5 Trillion in private 401k and IRA holdings, with another $9 Trillion in pensions and annuities.

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The regime has been fairly open about its plans to “nationalize”, read CONFISCATE, this collateral and implement a system of “mandatory retirement savings accounts”, which will be just another confiscatory redistribution into the hands of the oligarchs and their cronies.  This what Poland just did.  This is what MF Global was in its essence.  This is what Cyprus was, except the Cypriot confiscation was done to demand deposit accounts instead of retirement accounts, which is now termed a “bail-in” – but it is all of the same stripe, namely the utter destruction of the notion of private property and the redistribution of all wealth into the hands of the oligarchs.   In Poland, the private pension paradigm has now also been destroyed because no one will want to put money into a private pension after this knowing that it can and will be stolen by the government at any time with zero redress. Continue reading

America’s Crony Capitalism

Last November 17 commodity broker Ann Barnhardt announced that Barnhardt Capital Management would cease operations. “I could no longer tell my clients that their monies and positions were safe in the future and options markets – because they are not,” she explained. “The entire system has been utterly destroyed by the MF Global collapse.”

According to Barnhardt, times are changing. “Whenever a firm failure happened, the customer funds were intact and the exchanges would step in to backstop everything and keep customers 100 percent liquid….” But now the system has broken down. As Barnhardt noted, “A firm, led by a crony of the Obama regime, stole all of the non-margined cash held by customers of his firm.”

There is a fascinating interview that Jim Puplava did with Barnhardt last November where she offered a perspective on where our country is headed and why. What she says is shocking and will sound improbable to many. She says, “We are now living in a lawless, Marxist communist [country]. This is no longer a nation of laws. This is now transformed into a nation of men.”

Barnhardt is using precise language. She is not exaggerating, whatever we may think. An enormous amount of money was stolen in the MF Global collapse. A huge transfer of wealth took place. “There is no rule of law,” Barnhardt told Puplava. “The rule of law no longer exists. There is no longer justice in this country; and no nation, no culture, no society can survive if there isn’t a foundation of justice. That is why we are teetering on the precipice of collapse and I foresee civil war coming in the next several years.”

Barnhardt sees corruption at the top. She also sees a political forces at work – and a political ideology that is linked to the welfare state and the massive indebtedness we see around us today. According to Barnhardt, “Europe is done. Europe is mathematically impossible, it cannot be saved…. You want to make a start … at trying to bail out Europe? We are talking about $25 trillion just to start.”

The end is indeed near. The debt at home and abroad has piled too high for too long. As of this writing, sovereign debt is growing faster than the global economy. As Barnhardt explained, “These people have so leveraged themselves … giving their brain-dead citizenry free handouts and entitlements that it is now mathematically impossible to save the paradigm. It’s not a matter of ‘if’ the global financial system is going to collapse; oh, it’s going to collapse. It’s just a matter of when.”

Moral rot pervades modern society. “We now know that the government is absolutely stuffed to the gills almost exclusively with this same type of moral degenerate culture,” noted Barnhardt. “These people that are in the government – that are … not just in the Congress and the Executive Branch, but also in the bureaucracy – they are in it for themselves. They are in it for the money. “

The honest businessman finds himself at the mercy of dishonest officials who are working with dishonest businessmen. “Those of us who have been in the business have known intuitively … that there was front-running going on by politicians. A great example of this is someone like Harry Reid,” said Barnhardt. “Harry Reid, when he entered Congress, had a low six-figure net worth. He now has an eight figure net worth, and he has never done anything except be a United States Senator…. How does that happen? How does a man with a hundred and seventy thousand dollar a year salaried position go from having a six figure net worth to an eight figure net worth?”

A system based on trust cannot endure the collapse of honesty and integrity. Such a system is headed for ruin or worse. “It’s obvious what’s been going on,” Barnhardt continued. “You have to start acknowledging these people for what they are, and that is moral degenerates who are basically sociopaths and psychopaths…. The only thing they care about is themselves. They will do anything. They will steal, they will lie, they will cheat….”

Bad behavior is contagious. In fact, it has spread like a plague throughout the financial system. It seems that no law can stop it. No religion can reach it. According to Barnhardt: “You have to stop thinking that these people are just misguided, or that there is some sort of a difference of opinion on economic theory. These people are nefariously trying to destroy everything in this country. It’s called the Cloward-Piven strategy. Go in and destroy and collapse the entire economy … and then rebuild a new … Marxist-socialist-fascist state out of the burning rubble of this destruction. This is intentional, this is nefarious. This is not a function of incompetence.”

According to Wikepedia, “The Cloward-Piven strategy is a political strategy outlined in 1966 by American sociologists and political activists Richard Cloward and Frances Fox Piven that called for overloading the U.S. public welfare system in order to precipitate a crisis that would lead to … a national system of ‘guaranteed annual income and thus an end to poverty.’” Of course, the aforesaid system of guaranteed income is simply a euphemism for the dictatorship of the proletariat.

She is right, of course. But few are ready for the truth. Everyone sees a system that appears to be working. And most people, seeing only what they want to see, will ignore the danger. As Christopher Lasch wrote many years ago, “If the collapse of internal [moral] restraints were confined to the criminal classes, it might be possible, by means of a combination of incentives and stricter enforcement of the laws, to restore a sense of obligation. But the culture of shamelessness is not confined to the underclass.” [Revolt of the Elites, p. 214]

Full article: America’s Crony Capitalism (JR Nyquist)