Libya 2.0? West demands Syria no-fly zone. Retaliation? Russian Kalibr Missiles strike US Intel Center

Lol, double standard much? Kerry should go the way of Nuland… passing burgers to ISIS on the way out. As for Russia’s military strike, DUH, that’s where the real terrorists’ at!!
Looking forward to ESR11 insider’s scoop. 🙂

Futurist Trendcast

West demands Syria no-fly zone, but only for Russians & Syrians

Yes, we have heard and seen this before. Remember what that fake no-fly zone did to Libya? Remember Qaddafi?

They tried to unseat Syria’s Bashar Al Assad in all ways possible: from accusations of chemical weapons, threats to bomb, arming ISIL and other terrorist groups, to insistence that ‘Assad must go.’ Nothing worked. Now they want once again to try to pull the same number they once did in Libya. Is anyone dumb enough to fall for it yet again?

A typical MO of a dying empire: they are so decadent, so stuck in the their imaginary ‘America is exceptional’ little world that they are unable to assess the reality on the ground. They don’t understand that the ship has sailed.

Listen to what Germany’s PM Frank-Walter Steinmeier and US Secretary of State John Kerry say at the UN: ‘We…

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What happens if the US government goes bankrupt?

by | Money

Reporting from: Bangkok, Thailand

The Thai government’s 38% debt-to-GDP ratio looks like drastic fiscal prudence compared to the nearly 110% in the United States.

For Southeast Asia, Thailand is quite the a rabid spender. Places like Cambodia have been decreasing, rather than increasing, their debt levels. In just three hours, you could be in Hong Kong, where the debt-to-GDP number is barely 3%. And Singapore has no net debt.

One question I get asked is: “What happens when the US government goes bankrupt?”

US government going bankruptWhat happens if the US government goes bankrupt?: Just imagine none of the fiscal malfeasance and attacks on freedom taking place in this building every day, and you’ll feel a lot better.

First of all, what’s to say it’s not already? By any measure the US government would apply to the evil private sector, it is. A close friend of mine used to work for a company that has been put into receivership by a federal judge, despite paying its taxes, its vendors, and its employees.

However, the government was worried the company wouldn’t be able to pay fines the feds are trying to uphold against it. Who cares about creating or keeping good-paying jobs when some three-letter agency needs to steal money from your business? So much for the lie of “job creation” from politicians.

You see, by government standards, nothing they ever do is wrong. Bernie Madoff is a crook who stole billions of dollars from (for the most part) innocent people, using a scheme of paying early investors with later investors’ money.

By any rational measure, Social Security and other government “safety nets” are the same type of Ponzi Scheme. Take money from your own citizens’ paychecks and give it to people who no longer get paychecks. Rinse and repeat until there’s no money left.

The only difference is government uses a gun to get you to join their Ponzi scheme. At least Bernie Madoff had to use the free market approach of playing to human greed.

In less than twenty-four hours, we’ll see just what happens when the US government shuts down. Granted, it’s not defaulting on everything yet, but it will give Americans a good glimpse of what happens when the government isn’t working for them.

As someone who lives outside the United States, I don’t have to follow all of the breathless coverage the mainstream media there pumps out. It’s nice to be able to say “Who cares?” and move on to another part of my day. I’ve detached myself from The Land of the Free out of pure convenience.

But here’s what you’ll see when the government shuts down: nothing.

Because the government doesn’t work for you to begin with, you won’t be effected in any significant way. While Obama and his cronies will cry bloody murder and pull the “What about the firefighters” routines that politicians at every level trot out, just look at the services that will be kept and those that will be suspended during the shutdown.

Services that help you, a member of the taxpaying public, will be gone. Services that do nothing for you, like TSA agents groping your crotch at the airport, remain. You’ll even be able to apply for a passport, since the fees for that outpace the actual costs of providing them.

Imagine, the government engaging in free enterprise of making a profit. If only they didn’t suck away half of your earnings in taxes, you’d pat them on the back.

Obama’s swan song includes the fact that some 800,000 federal government workers will have their paychecks furloughed. It’s not that they won’t get paid; they’ll just have to wait. Boo-hoo. So what if these people can’t make their mortgage payments? When you work for a criminal enterprise, that’s what happens. Sometimes the bottom falls out.

Nobody is crying that Tony Soprano can’t pay his mortgage after the feds freeze his assets.

The feds are also threatening to cut consular services for overseas Americans like myself. The US government is the only one on earth to tax its citizens no matter where they live, stating that their excellent consular services are the reason they must do so. After all, how could US embassies help Americans notarize a document if they weren’t taxing them? (Read my account of just how horrible these consular services are here.)

My answer to all of it is: go ahead.

If the US government went bankrupt, it would be a bigger, more catastrophic version of what we’re about to see. And from my vantage point, what we’re about to see is reason to pop the champagne and celebrate. Any time you can get away with taking nearly one million federal bureaucrats off the rolls, it’s a happy day.

So what happens if the US government goes bankrupt? More of the same. Perhaps then, TSA workers could be sent packing. Perhaps overseas military bases would have to be closed. Perhaps the US government’s arrogant, world-crushing policy of endless QE would finally come to an end as they had to finally face the music of years of bad decision-making.

People in the US are crying about how they’ll lose this service or that during a government shutdown. An officially bankrupt United States would force tough choices to be made, and I suspect many essential services would have to be taken over by private enterprise. It would be a cleansing experience.

That’s not to say a bankrupt US government wouldn’t have an effect on markets worldwide. The dirty little secret, though, is that the United States is nothing more than a house of cards. There are no fundamentals behind much of anything that goes on there.

Housing boom? Nothing more than a bubble built on easy credit. Dot com boom? Wall Street greed creating unsustainable exit strategies. The current stock market bubble? Ben Bernanke’s gift to Wall Street built entirely on funny money.

Other places around the world, however, do have fundamentals backing their economies. Yes, the period of cleansing would hit the whole world in many respects, but just like in any other free market, those countries with sustainable plans and well-run governments would weather the storm and come ahead stronger.

Just like every second-tier currency got whacked in the global financial crisis – and then came roaring back once investors remembered just how fragile the US dollar is – you’d see a world that would grow like never before with a weakened US government out of the way.

As for Americans, you have nothing to fear. The government never did anything for you. Just like in the sequester, it will maximize your pain anytime it has to trim its budget. All the while, the ridiculous wars and unsustainable welfare spending will continue.

It’s no different than governments protecting their capital above all else. Historically, militaries have been focused on keeping the capital city well-protected, while putting a lot less effort into watching over the hinterlands. Even the military – the one thing even many libertarians would argue against cutting – looks out for the best interest of the ruling class elites first.

So let the US government go bankrupt. Whether you want to join me abroad now, or become a new generation of Boat Person, is up to you.

U.S. Directly Assisted ISIS with Attack on Syrian Army Base

United States Hypocrisy

It’s an undeniable fact that a large number of people who live in Southwest Asia (aka the ‘Middle East’) believe that the United States is, in spite of its stated mission, covertly offering support to ISIS/ Daesh. With the U.S.-led coalition’s strikes on a Syrian military base this past Sunday, it’s unlikely that any of their minds are going to be changing any time soon. With the sneak attack on the Syrian Arab Army’s base south of the Deir Ezzor airport in the eastern region of Syria, which Centcom claims was mistaken for an ISIS training camp, the United States whether knowingly or not helped ISIS capture territory they previously did not hold.

government A soldier of the Syrian Arab Army

It was on September 17 when the U.S. military along with its vaunted coalition partners launched an aerial attack on the Syrian military at its base in Jabal Therdah, using two…

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The US government’s bizarre “economic citizenship” program

Source: Sovereign Man Article


I’m in New York City this week meeting with the Prime Minister of a Caribbean nation about his country’s citizenship-by-investment program.

Citizenship-by-investment is exactly what it sounds like: foreigners invest a certain sum of money in a country in exchange for citizenship and a passport.

Depending on the country, the investment amount can vary from just over $100,000 (Dominica) to over $2.5 million (Cyprus).

Now, it might seem crazy to drop that kind of money on a passport.

And in most cases it would be crazy.

A second passport is an insurance policy designed to protect you against various sovereign risks.

But just as you wouldn’t spend $10,000 on a car insurance policy that covers a $40,000 SUV, it doesn’t make sense to spend $250,000 on a passport designed to safeguard total assets that are worth, say, $1 million or less.

For most people, there are far more cost effective ways to obtain this all-important insurance policy without having to write a big check… and we’ll talk about those ways soon.

For individuals with substantial assets, however, citizenship-by-investment programs offer an easy shortcut to obtain a second passport.

Demand for these programs has soared over the years, and a number of financially distressed governments have created their own legislation to join the party.

It turns out that in small countries, citizenship-by-investment programs can be incredibly lucrative and substantially move the needle.

Saint Kitts, for example, is home to one of the most popular citizenship-by-investment programs in the world (also known as economic citizenship), which starts at around $250,000.

The program is so lucrative that the government managed to slash its debt level, down from over 160% of GDP a few years ago to less than 70% today.

Much of the revenue that the government of St. Kitts used to pay down its debt came from proceeds of the economic citizenship program.

Saint Kitts is tiny– a population of 50,000 and GDP of less than $1 billion.

So if just 1,000 people make a $250,000 investment, the total proceeds amount to more than 25% of GDP. This is huge.

But for large economies like the US, Italy, Japan, etc., a few hundred million dollars is nothing.

The US government spends over $1 billion per DAY just to pay interest on the debt, so $250 million literally constitutes just a few hours worth of interest.

I told you a few days ago how the US government is racking up debt at the fastest pace since the financial crisis.

In fact the US government is set to close out the fiscal year next week with a massive $1.36 trillion increase to the national debt.

This is incredible; it’s not like they’re fighting a war, recession, or financial crisis anymore. How are they possibly spending so much money?

We also discussed how, in addition to this record expansion of the debt, the US government is also starting to run out of major lenders.

China and Japan are already starting to cut their holdings of US debt.

And Social Security, the US government’s single biggest sucker lender, is running out of money so quickly that they won’t be able to buy any more government bonds by the end of the decade.

In fact the Treasury Secretary of the United States wrote just a few months ago that Social Security will be cashflow negative by 2020, hence unable to loan any more money to the federal government.

This is a major fiscal emergency in the making.

It’s obvious that the government shouldn’t be expanding its debt, let alone this rapidly.

But on top of that, how is a government that expands its debt so rapidly during a time of relative stability going to be able to handle a crisis or recession, especially when they’re running out of lenders?

The reality is that they have very few options.

Sure, small countries can come up with creative solutions like trading citizenship for a much-needed pile of cash.

But big, heavily indebted nations don’t have the same luxury.

Their playbooks are much more limited.

A favorite tactic of financially distressed governments is imposing capital controls– a means of trapping people’s savings inside a failing financial system.

We’re already seeing this today, especially in Europe where interest rates are negative and banks are starting to pass those negative rates on to their customers.

Unsurprisingly there’s been a growing movement across Europe (and North America as well) to BAN physical cash.

This effectively forces people to keep their money in the negative interest rate banking system.

We can see other obvious warning signs as well.

In December 2015, the US government passed a law giving itself theauthority to confiscate people’s passports if the Treasury Department feels in its sole discretion that a citizen owes them tax.

(The US government has basically created the exact opposite of an economic citizenship program… taking someone’s passport AWAY until they pay a bunch of money.)

Just a few weeks later, Congress passed another law seizing more than $20 billion in capital from the Federal Reserve, effectively rendering the central bank insolvent.

These are not the actions of a healthy, solvent government; they’re just small indicators that we’re already well down the path of desperation and insolvency.

It’s already started, and the real consequences are still to come– higher taxes, deeper capital controls, heavier enforcement.

This isn’t intended to be gloomy, but rather to paint a realistic picture of the risks.

The sky isn’t falling, and the world isn’t coming to an end tomorrow morning.

But the government itself is giving us the dots to connect showing that there’s a major crisis brewing in a few years’ time.