From the desk of
Bill Ramey
8/6/14
COMMENTARY
& OPINION
XCVII
Greetings friends,
I have tried to screen the news and feed you
articles pertinent to the times we live in but there is no way to cover
everything. I have tried to show the
near total corruption state of the world we live in and that becomes more
obvious daily.
Now it's survival! It becomes evident that the Ebola virus was
created by the U.S. Government for the depopulation of planet earth! Now it is being released and perhaps we will gain
a new perception of the term "going viral".
In a special sent you recently, It showed
that there is a means of combating Ebola that has been known since the time it
was invented by an Arizona
biophysicist. This is colloidal silver
(nano-silver) and the recommended strength in the article sent was 10 parts per
million. In order for us to grasp the flexibility of the dosage, I will relate
a conversation I had with the lady who owns the Herbal Works I deal with. I asked her what a prudent dosage of colloidal
silver is and this was her reply:
"Just for maintenance purposes, a teaspoon per day is probably
sufficient. However, I had one man with
a health problem (she didn't say what it was), who drank 8 oz per day for an
extended period of time until the problem cleared up."
I do not pretend to give out medical advice
but in view of the increased incidence of the medical facilities spreading
communicable diseases and the national and international medical advisory
organizations being used to spread pandemics (e.g. AIDS), I strongly advise
taking a more active part in one's own health care. The following article should help to show you
why.
CNN’s Dr. Sanjay Gupta: At
least 6 tested for Ebola in NYC
Paul Joseph Watson
Prison Planet.com
August 5, 2014
Prison Planet.com
August 5, 2014
In an apparent attempt to
avoid hysteria, U.S.
health authorities are withholding details about a number of suspected Ebola
victims from the public.
During a segment concerning
the admission of a potential Ebola victim at Mount
Sinai Hospital in New York City , CNN’s Dr.
Sanjay Gupta revealed that there have been at least six cases at the hospital
which prompted doctors to test for Ebola but that the details were not divulged
publicly.
“There have been about a half
a dozen patients who have had their blood tested because of concern, those
particular patients their stories were not made public,” said Gupta, adding,
“I’m not sure if that’s because of heightened concern by the hospital or what
that means exactly.”
Gupta also appeared to suggest
that patients being tested for the Ebola virus were not being kept in isolation
when he stated, “This isn’t the kind of thing that they worry about spreading
to other patients in the hospital, spreading to people who are walking around
the hospital. This is not an airborne virus.”
However, at least in the case
of the patient who was made public yesterday, hospital officials said the individual was immediately
put into isolation as a precaution.
As we reported yesterday, despite health authorities downplaying
the likelihood of Ebola going airborne, studies by Canadian scientists suggest
that this is in fact likely, at least to a limited degree.
The Public Health Agency of Canada’s official website also
states that “airborne spread among humans is strongly suspected, although it
has not yet been conclusively demonstrated.”
The CDC has urged airline
staff to take steps to prevent the airborne spread of the virus, including
giving suspected Ebola victims surgical masks as well as directing staff to
“not use compressed air, which might spread infectious material through the
air.”
Ebola Outbreak Can Lead to Gun Confiscations,
Martial Law
The Obama administration is
perpetrating the conditions required for a government-declared crisis
Gun confiscations and martial
law are both plausible government responses to an Ebola outbreak in America
considering recent policies by the Obama administration and the fact that the
military has been preparing for domestic deployment for the past several years.
Back in 2009, CNN reported
that U.S. Northern Command (Northcom) wanted to “establish regional teams of
military personnel to assist civilian authorities” in the event of a severe outbreak in America.
“The plan calls for military
task forces to work in conjunction with the Federal Emergency Management
Agency,” wrote CNN correspondent Barbara Starr. “There is no final decision on
how the military effort would be manned, but one source said it would likely
include personnel from all branches of the military.”
A few months prior, Air Force
General Victor Renuart said Northcom would provide “assistance in support of
civil authorities” during an epidemic, adding “when requested and approved by
the Secretary of Defense or directed by the President, federal military forces
will contribute to federal support.”
But Renuart also said that
“U.S. Northcom does not wait for that call to action.”
Since then, the federal
government created a new domestic command structure in which, during a
government-declared emergency, the military police would work under FEMA and
the Department of Homeland Security for domestic operations with the National
Guard.
This command structure was
leaked by a former MP, who secretly recorded a military briefing last September
in which an army commander briefed him and other MPs on their domestic duties
with FEMA during martial law, including escorting federal officials as they confiscate firearms from
Americans.
“They did that in Katrina,
right,” the commander said. “They just go on and take away people’s guns.”
But to make things even worse,
top military brass have been giving litmus tests to officers, from generals
down to sergeants, asking them if they will disarm or even fire on U.S.
citizens, according to retired U.S. Navy SEAL Benjamin Smith.
“Going back to the beginning
of this administration, I’ve had friends within the community talking about how
they were brought in and questioned with people from more towards the top
side,” Smith told Infowars. “The questioning resulted in … do you feel
comfortable disarming American citizens?”
“You can see that now with the
shoving of a lot of the officers and stuff like that. We don’t have 100% track
on it, but there’s a lot of funny things happening within the military.”
This likely explains the
removal of at least 197 military officers by the White House in the past five
years.
And in power grabs directly
pertaining to the current Ebola crisis, last week President Obama granted
himself the power to apprehend and detain Americans who merely show
signs of “respiratory illness” and the Center for Disease Control is even ready
to quarantine Americans who are not sick at all.
“Such stringent regulations
have led to fears that an outbreak of a dangerous communicable disease in the
United States would lead to massive abuse of power by the federal government
and the imposition of martial law,” journalist Paul Joseph Watson wrote.
By opening America ’s borders and by allowing Ebola patients
into the U.S. ,
the Obama administration is perpetrating the conditions required for a
government-declared crisis which could easily result in the deployment of
military assets within the country and the disarmament of Americans.
The Obama administration is
placing its chess pieces on the board to checkmate gun owners, and a potential
Ebola outbreak could be just the crisis that leads to such an endgame.
Michael Snyder
Economic Collapse
Aug 6, 2014
Economic Collapse
Aug 6, 2014
Should we be alarmed that the
CDC has received “several dozen calls” from hospitals around the country “about
people who are ill after traveling in Africa”? As you will read about below, a lot more Ebola
testing has been going on around the nation than we have been hearing about in
the mainstream media. I can understand
the need to keep people calm, but don’t we have a right to know what is really
going on? And the media has also been
very quiet about the fact that Ebola is now potentially spreading to even more
countries. As you will read about below,
a Liberian man just died from Ebola in Morocco, and a man that traveled to
Saudi Arabia from Sierra Leone on Sunday night is being tested for Ebola after
exhibiting “symptoms of the viral hemorrhagic fever”. Top officials in the U.S. keep assuring us that
everything is going to be just fine, but the truth is that this is a crisis
that is beginning to spiral out of control. On Tuesday, the CDC told Time Magazine that it had
received dozens of calls from all over the United States about people that had
gotten sick after traveling to Africa…
The Centers for Disease
Control and Prevention told TIME on Tuesday that it’s received several dozen
calls from states and hospitals about people who are ill after traveling in Africa . “We’ve triaged those calls and about half-dozen
or so resulted in specimen coming to CDC for testing and all have been negative
for Ebola,” CDC spokesman Tom Skinner said, adding that the agency is expecting
still more calls to come in.
Let’s certainly hope that
there is nothing to be concerned about in any of those calls. As I pointed out yesterday, the consequences of having a
major Ebola outbreak in the United
States could potentially be absolutely
catastrophic. Meanwhile, there is a case in Saudi Arabia that has health
officials over there extremely concerned. A man that traveled to the country on Sunday
night is being tested for the virus after showing symptoms of “viral hemorrhagic
fever”…
Saudi Arabia said Tuesday it
is testing a man for the Ebola virus after he showed symptoms of the viral
hemorrhagic fever following a recent trip to Sierra Leone . The Health Ministry
said the symptoms appeared in the 40-year-old Saudi man at a hospital in the
western city of Jiddah .
He is in critical condition and being treated in a unit with advanced isolation
and infection-control capabilities. Different types of viral hemorrhagic fevers
have been found in the kingdom, but no case of Ebola has ever been detected
there, according to the ministry.
In addition, it is being
reported by international media sources that a Liberian has died of the Ebola
virus in Morocco. If that is true, that is
extremely troubling. That would mean
that we now have confirmed Ebola cases in five different countries. And
remember, the Ebola virus can have an incubation period of up to three weeks,
and Ebola victims can “look
quite fit and healthy and can be walking around until shortly before their
deaths“. Because of this, hospitals across America are being extremely
cautions right now. The following is
from a recent NPR report…
If you show up at a hospital
emergency department with a high fever and you just happen to have been
traveling in Africa , don’t be surprised if you
get a lot of attention. Hospitals are on
the lookout for people with symptoms such as a high fever, vomiting and
diarrhea who had been traveling in parts of West Africa affected by Ebola,
following instructions from the federal Centers for Disease Control and
Prevention.
And there have been some high
profile cases that have gotten a lot of attention in recent days. The woman
that was being tested for Ebola in Ohio got a lot of media
attention, but it turns out that she does not have the disease. We are
still waiting to hear about the man that was admitted to Mount Sinai Medical
Center in New York. Officials say that
he “probably does not have
Ebola“, but the test results have not been released yet. In addition, Paul Joseph Watson has pointed
out that CNN’s Sanjay Gupta has publicly revealed that there have actually been
“about half a dozen patients” that have been tested for the virus in recent
days…
During a segment concerning
the admission of a potential Ebola victim at Mount
Sinai Hospital in New York City , CNN’s Dr.
Sanjay Gupta revealed that there have been at least six cases at the hospital
which prompted doctors to test for Ebola but that the details were not divulged
publicly. “There have been about a half a dozen patients who have had their
blood tested because of concern, those particular patients their stories were
not made public,” said Gupta, adding, “I’m not sure if that’s because of
heightened concern by the hospital or what that means exactly.”
What else is going on around
the nation that we have not heard about? Like I keep saying, let us hope and pray that
Ebola does not start spreading here, because it can rapidly become a nightmare.
Over in Africa, nearly 900 people have
already died, but one doctor told CBS News that the true number is
actually significantly higher because “many cases are going unreported”…
Already, the World Health
Organization says 887 people have died, but a top doctor working at the heart
of the outbreak in West Africa says many cases
are going unreported. The senior doctor,
who works for a leading medical organization in Liberia, explained to CBS News’
Debora Patta that what has helped set this outbreak apart from previous ones is
the virus’ spread in urban areas. One of
the epicenters of the disease is the Liberian capital of Monrovia, home to
about a million people, or almost a quarter of the country’s population. The
doctor, who spoke to CBS News on condition of confidentiality, said the disease
is spinning out of control in Africa partly
because it is extremely difficult to contain it in a sprawling, congested city
center.
And it certainly does not help
that infected
bodies are being dumped into the streets over in Liberia. If that continues to happen, this epidemic
could very rapidly turn into a raging inferno over there. There have been
health scares in the past, but this one is very different. If you get Ebola, you are probably going to
die. And right now the number of Ebola
cases is growing at an exponential rate. If this outbreak is not brought under control
soon, we could be facing the worst health crisis that we have seen in any of
our lifetimes.
Today 8/6/14 at 6:26 AM
The Rise Of The Petroyuan And
The Slow Erosion Of Dollar Hegemony
Submitted by Tyler Durden on
08/05/2014
Abu Dhabi
Capital Markets
Central Banks
China
fixed
Ford
International Monetary Fund
Iran
Iraq
Japan
Kuwait
Middle East
Money Supply
OPEC
Renminbi
Reserve Currency
Saudi Arabia
Yuan
Submitted by Flynt Leverett
and Hillary Mann Leverett via The World Financial Review,
For seventy years, one of the
critical foundations of American power has been the dollar’s standing as the
world’s most important currency. For the last forty years, a pillar of dollar
primacy has been the greenback’s dominant role in international energy markets.
Today, China is leveraging its rise as an economic power, and as the most
important incremental market for hydrocarbon exporters in the Persian Gulf and
the former Soviet Union, to circumscribe dollar dominance in global energy -
with potentially profound ramifications for America’s strategic position.
Since World War II , America ’s
geopolitical supremacy has rested not only on military might, but also on the
dollar’s standing as the world’s leading transactional and reserve currency.
Economically, dollar primacy extracts “seignorage”—the difference between the
cost of printing money and its value—from other countries, and minimises U.S.
firms’ exchange rate risk. Its real importance, though, is strategic: dollar
primacy lets America cover its chronic current account and fiscal deficits by
issuing more of its own currency – precisely how Washington has funded its hard
power projection for over half a century.
Since the 1970s, a pillar of
dollar primacy has been the greenback’s role as the dominant currency in which
oil and gas are priced, and in which international hydrocarbon sales are
invoiced and settled. This helps keep worldwide dollar demand high. It also
feeds energy producers’ accumulation of dollar surpluses that reinforce the
dollar’s standing as the world’s premier reserve asset, and that can be
“recycled” into the U.S.
economy to cover American deficits.
Many assume that the dollar’s
prominence in energy markets derives from its wider status as the world’s
foremost transactional and reserve currency. But the dollar’s role in these
markets is neither natural nor a function of its broader dominance. Rather, it
was engineered by U.S. policymakers after the Bretton Woods monetary order
collapsed in the early 1970s, ending the initial version of dollar primacy
(“dollar hegemony 1.0”). Linking the dollar to international oil trading was
key to creating a new version of dollar primacy (“dollar hegemony 2.0”)—and, by
extension, in financing another forty years of American hegemony.
Gold and Dollar Hegemony 1.0
Dollar primacy was first
enshrined at the 1944 Bretton Woods conference, where America ’s non-communist allies acceded to Washington ’s blueprint
for a postwar international monetary order. Britain’s delegation—headed by Lord
Keynes—and virtually every other participating country, save the United States,
favoured creating a new multilateral currency through the fledgling
International Monetary Fund (IMF) as the chief source of global liquidity. But
this would have thwarted American ambitions for a dollar-centered monetary
order. Even though almost all participants preferred the multilateral option, America ’s
overwhelming relative power ensured that, in the end, its preferences
prevailed. So, under the Bretton Woods gold exchange standard, the dollar was
pegged to gold and other currencies were pegged to the dollar, making it the
main form of international liquidity.
There was, however, a fatal
contradiction in Washington ’s
dollar-based vision. The only way America could diffuse enough
dollars to meet worldwide liquidity needs was by running open-ended current
account deficits. As Western Europe and Japan recovered and regained
competitiveness, these deficits grew. Throw in America’s own burgeoning demand
for dollars—to fund rising consumption, welfare state expansion, and global
power projection—and the U.S. money supply soon exceeded U.S. gold reserves.
From the 1950s, Washington
worked to persuade or coerce foreign dollar holders not to exchange greenbacks
for gold. But insolvency could be staved off for only so long: in August 1971,
President Nixon suspended dollar-gold convertibility, ending the gold exchange
standard; by 1973, fixed exchange rates were gone, too.
These events raised
fundamental questions about the long-term soundness of a dollar-based monetary
order. To preserve its role as chief provider of international liquidity, the U.S.
would have to continue running current account deficits. But those deficits
were ballooning, for Washington’s abandonment of Bretton Woods intersected with
two other watershed developments: America became a net oil importer in the
early 1970s; and the assertion of market power by key members of the
Organization of Petroleum Exporting Countries (OPEC) in 1973-1974 caused a 500%
increase in oil prices, exacerbating the strain on the U.S. balance of
payments. With the link between the dollar and gold severed and exchange rates
no longer fixed, the prospect of ever-larger U.S. deficits aggravated concerns
about the dollar’s long-term value.
These concerns had special
resonance for major oil producers. Oil going to international markets has been
priced in dollars, at least since the 1920s—but, for decades, sterling was used
at least as frequently as dollars in order to settle transnational oil
purchases, even after the dollar had replaced sterling as the world’s
preeminent trade and reserve currency. As long as sterling was pegged to the
dollar and the dollar was “as good as gold,” this was economically viable. But,
after Washington
abandoned dollar-gold convertibility and the world transitioned from fixed to
floating exchange rates, the currency regime for oil trading was up for grabs.
With the end of dollar-gold convertibility, America’s major allies in the
Persian Gulf—the Shah’s Iran, Kuwait, and Saudi Arabia—came to favour shifting
OPEC’s pricing system, from denominating prices in dollars to denominating them
in a basket of currencies.
In this environment, several
of America ’s
European allies revived the idea (first broached by Keynes at Bretton Woods) of
providing international liquidity in the form of an IMF-issued,
multilaterally-governed currency—so-called “Special Drawing Rights” (SDRs).
After rising oil prices engorged their current accounts, Saudi Arabia and other Gulf Arab allies of the United States
pushed for OPEC to begin invoicing in SDRs. They also endorsed European
proposals to recycle petrodollar surpluses through the IMF, in order to
encourage its emergence as the main post-Bretton Woods provider of
international liquidity. That would have meant Washington could not continue to print as
many dollars, as it wanted to support rising consumption, mushrooming welfare
expenditures, and sustained global power projection. To avert this, American
policymakers had to find new ways to incentivise foreigners to continue holding
ever-larger surpluses of what were now fiat dollars.
Oil and Dollar Hegemony 2.0
To this end, U.S. administrations from the
mid-1970s devised two strategies. One was to maximise demand for dollars as a
transactional currency. The other was to reverse Bretton Woods’ restrictions on
transnational capital flows; with financial liberalisation, America could
leverage the breadth and depth of its capital markets, and it could cover its
chronic current account and fiscal deficits by attracting foreign capital at
relatively low cost. Forging strong links between hydrocarbon sales and the
dollar proved critical on both fronts.
To forge such links, Washington effectively extorted its Gulf Arab allies,
quietly conditioning U.S.
guarantees of their security to their willingness to financially help the United States .
Reneging on pledges to its European and Japanese partners, the Ford
administration clandestinely pushed Saudi Arabia and other Gulf Arab producers
to recycle substantial parts of their petrodollar surpluses into the U.S.
economy through private (largely U.S.) intermediaries, rather than through the
IMF. The Ford administration also elicited Gulf Arab support for Washington ’s strained finances, reaching secret deals
with Saudi Arabia and the United Arab Emirates
for their central banks to buy large volumes of U.S. Treasury securities
outside normal auction processes. These commitments helped Washington prevent
the IMF from supplanting the United States as the main provider of
international liquidity; they also gave a crucial early boost to Washington’s
ambitions to finance U.S. deficits by recycling foreign dollar surpluses via
private capital markets and purchases of U.S. government securities.
OPEC’s commitment
to the dollar as the invoice currency for international oil sales was key to
broader embrace of the dollar as the oil market’s reigning transactional
currency.
A few years later, the Carter
administration struck another secret deal with the Saudis, whereby Riyadh committed to exert
its influence to ensure that OPEC continued pricing oil in dollars. OPEC’s
commitment to the dollar as the invoice currency for international oil sales
was key to broader embrace of the dollar as the oil market’s reigning
transactional currency. As OPEC’s administered price system collapsed in the
mid-1980s, the Reagan administration encouraged universalised dollar invoicing
for cross-border oil sales on new oil exchanges in London
and New York .
Nearly universal pricing of oil—and, later on, gas—in dollars has bolstered the
likelihood that hydrocarbon sales will not just be denominated in dollars, but
settled in them as well, generating ongoing support for worldwide dollar
demand.
In short, these bargains were
instrumental in creating “dollar hegemony 2.0.” And they have largely held up,
despite periodic Gulf Arab dissatisfaction with America’s Middle East policy,
more fundamental U.S. estrangement from other major Gulf producers (Saddam
Husseinn’s Iraq and the Islamic Republic of Iran), and a flurry of interest in
the “petro–Euro” in the early 2000s. The Saudis, especially, have vigorously
defended exclusive pricing of oil in dollars. While Saudi Arabia and other
major energy producers now accept payment for their oil exports in other major
currencies, the larger share of the world’s hydrocarbon sales continue to be
settled in dollars, perpetuating the greenback’s status as the world’s top
transactional currency. Saudi Arabia and other Gulf Arab producers have
supplemented their support for the oil-dollar nexus with ample purchases of
advanced U.S. weapons; most have also pegged their currencies to the dollar—a
commitment which senior Saudi officials describe as “strategic.” While the
dollar’s share of global reserves has dropped, Gulf Arab petrodollar recycling
helps keep it the world’s leading reserve currency.
The China Challenge
Still, history and logic
caution that current practices are not set in stone. With the rise of the
“petroyuan,” movement towards a less dollar-centric currency regime in
international energy markets—with potentially serious implications for the
dollar’s broader standing—is already underway.
As China has emerged as a
major player on the global energy scene, it has also embarked on an extended
campaign to internationalise its currency. A rising share of China ’s external trade is being
denominated and settled in renminbi; issuance of renminbi-denominated financial
instruments is growing. China is
pursuing a protracted process of capital account liberalisation essential to
full renminbi internationalisation, and is allowing more exchange rate
flexibility for the yuan. The
People’s Bank of China (PBOC) now has swap arrangements with over thirty other
central banks—meaning that renminbi already effectively functions as a
reserve currency.
Looking ahead, use
of renminbi to settle international hydrocarbon sales will surely increase,
accelerating the decline of American influence in key energy-producing regions.
Chinese policymakers
appreciate the “advantages of incumbency” the dollar enjoys; their aim is not
for renminbi to replace dollars, but to position the yuan
alongside the greenback as a transactional and reserve currency. Besides
economic benefits (e.g., lowering Chinese businesses’ foreign exchange costs),
Beijing wants—for strategic reasons—to slow further growth of its enormous
dollar reserves. China has
watched America ’s increasing
propensity to cut off countries from the U.S.
financial system as a foreign policy tool, and worries about Washington trying to leverage it this way; renminbi
internationalisation can mitigate such vulnerability. More broadly, Beijing
understands the importance of dollar dominance to American power; by chipping
away at it, China can contain excessive U.S. unilateralism.
China has long incorporated
financial instruments into its efforts to access foreign hydrocarbons. Now
Beijing wants major energy producers to accept renminbi as a
transactional currency—including to settle Chinese hydrocarbon purchases—and
incorporate renminbi in their central bank reserves. Producers have reason to be receptive. China is, for the vastly foreseeable future, the
main incremental market for hydrocarbon producers in the Persian Gulf and
former Soviet Union . Widespread expectations of long-term yuan
appreciation make accumulating renminbi reserves a “no brainer” in terms
of portfolio diversification. And, as America
is increasingly viewed as a hegemon in relative decline, China is seen as the preeminent
rising power. Even for Gulf Arab states
long reliant on Washington as their ultimate security guarantor, this makes
closer ties to Beijing an imperative strategic hedge. For Russia, deteriorating relations with the
United States impel deeper cooperation with China, against what both Moscow and
Beijing consider a declining, yet still dangerously flailing and over-reactive,
America.
For several years, China has
paid for some of its oil imports from Iran with renminbi; in 2012, the
PBOC and the UAE Central Bank set up a $5.5 billion currency swap, setting the
stage for settling Chinese oil imports from Abu Dhabi in renminbi—an
important expansion of petroyuan use in the Persian Gulf. The $400 billion Sino-Russian gas deal that
was concluded this year apparently provides for settling Chinese purchases of
Russian gas in renminbi; if fully realised, this would mean an
appreciable role for renminbi in transnational gas transactions.
Looking ahead, use
of renminbi to settle international hydrocarbon sales will surely
increase, accelerating the decline of American influence in key
energy-producing regions. It will also make it marginally harder for Washington to finance what China
and other rising powers consider overly interventionist foreign policies—a
prospect America ’s
political class has hardly begun to ponder
Ramey comments:
If you can get your arms around the preceding
article, then you can see the collapse of the American dollar has long been in
the making.
It is simply a matter of overspending and
basic dishonesty. The Devil and his
henchmen are now running scared trying to cover their posteriors by supporting
what they hope to be a world ruling empire that will pardon them for their
indiscretions and promote them to high offices in order to continue their
nefarious activities.
We have the unique privilege of being in
possession of a program that shows how this all turns out. Justice will be established on planet earth
for the first time in recorded history. The
death penalty will be reinstituted across the board --- with no executive
immunity.
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