Catherine Austin Fitts-2015 Forecast Volatile & Violent ~ Greg Hunter


Investment banker Catherine Austin Fitts predicts that 2015 is going to be “volatile and violent.” Fitts says, “I think 2015 is going to be a very rough year. I think you have to be prepared for wild swings. We’ve seen oil come down 50%.” Fitts also points out, “The creative destructive aspects are pretty scary.”

Are we going to have a big U.S. dollar devaluation at some point? Fitts says, “That’s a military question. Where the dollar comes out really comes down to both the covert and overt military capacity of the United States.”

On gold, Fitts says, “I think everybody believes they need some gold. Gold is central bank insurance. . . . Basically, what I say is you have to have a core position.”

Join Greg Hunter as he goes One-on-One with Catherine Austin Fitts, publisher and creator of the Solari Report.
http://usawatchdog.com/lawless-leader…

 

We’ve Reached A “Quickening” – Rob Kirby Warns: Events Are Accelerating!


We’ve Reached A “Quickening” – Rob Kirby Warns: Events Are Accelerating! By Live Free or Die new-world-order.jpg With nation after nation now rejecting the US dollar and the Petrodollar even rejected by Saudi Arabia, Rob Kirby joins Paul Sandhu in this brand new video to share we’re reaching the inevitable moment when the US dollar is no longer used in international trade…the acceleration towards that moment is increasing. Kirby shares ‘indisputable evidence’ that the demise of the dollar is quickening and the destruction of the global financial system (US dollar centered) has occurred through ‘hubris, criminal actions, lies, deceit and obfuscation’. Will the ‘end result’ of the dollars destruction be the official beginning of the ‘New World Order’? Kirby joins in at 1 minute 25 seconds.

Dec. 02, 2014: Forensic Financial Analyst and Investigator Rob Kirby joins me to discuss recent developments that prove beyond doubt that the US dollar is fast losing its status as world reserve currency at the same time that the Petrodollar is also being rejected by nation after nation including the Saudi Arabia, the lynchpin of the Petrodollar System.

Rob Kirby Website: www.kirbyanalytics.com
www.wakeupandliveradio.com

The Most Important Election You Haven’t Heard Of


Source Link

by Jason Scheurer 15 Nov 2014, 1:23 PM PDT

In less than three weeks, the most important election of the year will take place in Switzerland, and you haven’t heard of it. While the U.S. focuses on the recent Republican victory, the financial markets are facing an earth-shaking event on November 30th.

This Swiss election seeks to challenge the paper currency (Fiat/Debt) system of the last forty years and possibly undermine the existing power structures of central banks across the globe by introducing the “Save Our Swiss Gold” initiative.

U.S. elections sway back and forth between Republicans and Democrats, but the monetary system never changes nor is ever up for any real debate. The monetary system of the whole world has been firmly in the hands of Keynesians’ ever since Nixon removed the convertibility of dollars and abandoned the Bretton Woods Agreement back in 1971. A positive Swiss vote would threaten this by once again providing the world with a choice between a hard (gold-backed) currency and fiat.
Up until recently, it was the Swiss who were the last holdouts against the Keynesian school of thought. Traditionally viewed as the last bastion of sensible monetary restraint, the Swiss succumbed to the siren call of “actively managed central banking” in September 2011, fixing their currency to the Euro under mounting European pressure.

Somehow, having what the world views as the strongest currency is a bad thing when everyone else is printing like crazy. It wasn’t so much the success of the Swiss currency during this Depression 2.0 but the failure of the rest of the world to restrain itself that lead to its appreciation.

Central bankers hate gold, or any hard currency restraint, because it limits their ability to tinker with the system (see FDR executive order 6102). On November 30th, Swiss voters will go to the polls to reassert their historical position of backing their country’s currency with gold, and possibly setting off a new revolution across the financial world by giving people a real choice.

Backed once again by physical gold, the Swiss public may be the first to finally say “enough” to the ongoing manipulation of the currency markets. No longer would governments be able to create limitless amounts of debt-backed currency without recourse. In response to the constant worldwide manipulations, Russia and China have been aggressively increasing their gold reserves over the last decade. Just recently, even ISIS decided that this is a smart choice as well.

This is a pinnacle moment in monetary history, not only for the Swiss who are reasserting their financial independence, but also for the whole world. What started as a referendum to return a tiny country of 8 million, with a GDP equal to New Jersey, to some semblance of financial sanity, may actually become the wake up call to the world to end the Keynesian delusion that the cure for everything is more debt. Cue the fat lady and the flying pigs.

The likes of Paul Krugman will probably kick and scream that the Swiss are making a poor decision by choosing to return to their fiscally conservative roots. He will be correct in asserting as much. It is a bad decision, but only for the rest of the world that wants to continue following along with a Ponzi economy.

If approved, the “Save Our Swiss Gold” initiative will force three very uncomfortable mandates on the Swiss National Bank and the rest of the Fiat world.

  1. The Swiss National Bank will NOT have the right to sell its gold reserves.
  2. The Swiss National Bank must hold at LEAST 20% of its total assets in gold.
  3. The gold of the Swiss National Bank must be stored PHYSICALLY in Switzerland.

Take a moment to read through these three mandates again. Should they pass, what you just read will upend the existing systems of business as usual. This is probably one of the greatest threats to the monetary establishment in years. Specifically though, it is a direct threat to the paper world of derivative trading that, by-and-large, trades at magnitudes greater than annual supply. This demand for physical delivery over cash (fiat) settlement could lead to exchange failures as the Swiss National Bank will have to purchase approximately 1,500 tons, or about 50% of the world’s current mining production, over the next five years. Meanwhile, for some strange reason, Germany has to wait until 2020 to get delivery of its own supply of minted gold, supposedly sitting under New York City.

It is important to note that before the Swiss Central Bank gave in to the Keynesians in the fall of 2011, gold was trading above $1,900 an ounce; since the “fix,” it has steadily plummeted to below $1,200–all while global debt levels have skyrocketed. A positive vote may reverse this trend.
Financial markets are a lot like poker tables, where big stacks can push even the best players around.

For a while now paper has trumped physical, but this referendum is the wildcard in the game. A Black Swan (or in this case, Gold Swan) event of this type may lay bare much of the shenanigans that have been going on in financial circles for some time now. It was only a short time ago that even suggesting that LIBOR/energy markets were being manipulated would have gotten you labeled as some kind of radical; that is, until the truth came out, and the subsequent lawsuits. Many have been wondering for years now about gold and precious metal manipulation, and this election may bring that truth to light. Global players may finally be forced to show their hands, rather than settle with cash.

The Swiss currently hold about 8% of their reserves in physical form. This is down from 43% back in 1999 when they began selling it off at decade-low prices along with the British. And as recently as 2009, it was 18%. Where is all of this gold going to come from, and will the markets around the world be able to make good on delivery when such a large buyer is made public? This standing order may provide a floor on the recently falling gold market, but more importantly, it may just undermine worldwide currencies.

For those unfamiliar with Swiss elections, the law prohibits TV and radio advertising by individuals or special interest groups to ensure that these people-driven issues are spread and debated about by word-of-mouth, not by multimillion-dollar ad buys, like they are here in America. Issues like abortion, minimum wage, and infrastructure projects are routinely decided upon directly by the people of Switzerland, not in backroom deals by politicians. This election will be free from what many describe as outside influence.

Swiss voters are hoping to soon decide the fate of their own currency. If they are successful, and recent polling data suggests they will be, they will remove control of their currency from the hands of the experts who sold off the bulk of their gold reserves at prices between $300-$500 an ounce over the last decade and a half. The once bitten, twice shy Swiss hold the fate of future monetary policy in their hands with their upcoming vote–the repercussions of which will be felt all across the globe if they vote YES..

For the outsiders, the real fun will come in the next few weeks while we watch these same Swiss government officials try to explain why restoring a sound currency, that served them very well for hundreds of years, is now a very bad idea. Their answers will likely provide fodder for Swiss laugh tracks for years. Stay tuned.

This article in no way should be considered an endorsement or solicitation to buy or sell any security.

http://www.breitbart.com/Big-Peace/2014/11/15/The-Most-Important-Election-You-Havent-Heard-Of

Uncovering the Mysteries of Dragons ~ Galactic Historian


 


Ready to learn the secrets of Dragons?

 

A small while back, as I did a live Q&A show, a question about the nature of dragons sprung up.

Answering that question brought a huge response.

I was immediately able to see the potential that answering these questions would create in our reality,

and immediately released the clip for everyone to see on YouTube.

I could feel an enormous response from the Dragon energies to answer these questions on a deeper level to help

awaken and heal those who were not aware of their connection to Dragons.

In response to their calls, I created a very special video on uncovering the mysteries of Dragons.

Go and listen – this is an experience.

Learn more about the full recording at the link below.

http://galactichistorian.com/dragon/

by Rebecca Diehm from Pinterest

CBI announces delivery of 90 tons of gold to support IQD


Posted by on Apr 04, 2014

The Iraqi Central Bank, disclosed Thursday, the arrival of up to 90 tons of gold to support the value of the Iraqi dinar, stating that it contributes to the strengthening of the national economy.

The Central Bank said in a statement (term), “to buy 60 tonnes of pure gold from around the world over the past two months in order to support the national currency, dinar,” Noting that “the amount of gold reserves which currently has reached 90 tonnes.

The Central Bank, said that “on the gold reserves to support the value of the Iraqi dinar against other currencies and boost the national economy in General.”

The Central Bank of Iraq was announced last March, to purchase 36 metric tons of pure gold to raise its reserve, returned it aims to achieve “the highest levels of financial integrity” of Ira

We invite you to join us on twitter, and get the best quality news and reports on Iraq in real time.

The Iraqi Journal Team

https://twitter.com/TheIraqiJournal

http://theiraqijournal.com/cbi-announces-delivery-of-90-tons-of-gold-to-support-iqd-2/

Global banking crisis? What global banking crisis? Thousands of quadrillions of hidden monies revealed to be held in multiple off-ledger black screen accounts


Wednesday, April 25, 2012
http://alcuinbramerton.blogspot.com/2012/01/global-banking-crisis-what-global.html

Picture: Binyamin Shalom Bernanke – Banking System cartoon

The Committee of 300’s
shadow government banking
scam has its royal knickers
ripped off.How rich is White Spiritual Boy
now, Your Majesty?
Picture: HSBC – White Spiritual Boy shadow a/c – 1030 quadrillion US Dollars

The official audited text above is part of paragraph 132 on page 18 (here) of a Committee of 300 élite Secret Government document signed on Wednesday 10th February 2010 on page 106 (here). Page 19 of this same document can be viewed here.

The three signatories on the document are H.E. President Robert Zoellick (President of The World Bank), H.E. Vice President Lars Thunell (Executive Vice President and CEO of the International Finance Corporation) and HM Queen Alexandra Elizabeth Mary Windsor II (Chairman of The Committee of 300, The British Royal Family).

The full text of Paragraph 132 flagged in the yellow panel above reads as follows: “The Hongkong and Shanghai Banking Corporation (London, UK and Hong Kong, PROC) Account no. 0567105267802012 with account name of White Spiritual Boy and with standing balances per account worth US$ 1,030,000,000,000,000,000 with reconfirmed and reconsidered matured earnings audited by the Financial Institution of the Committee of 300 for the month of January to April 2010 worth of US$ 434,000,000,000,000,000 in the total of US$ 1,464,000,000,000,000,000 (US$ 464,000,000,000,000 had deducted automatically for bank charges and services for the first quarter of audit maturity) in the net balances of US$ 1,000,000,000,000,000,000.”

The five sums of money detailed in this single auditing rubric can be expressed as one thousand and thirty quadrillion US Dollars, four hundred and thirty four quadrillion US Dollars, one thousand four hundred and sixty four quadrillion US Dollars, four hundred and sixty four trillion US Dollars, and one thousand quadrillion US Dollars.

The sum of money deducted automatically by the Hongkong and Shanghai Banking Corporation (HSBC) from this single White Spiritual Boy account for bank charges and services for one quarter of the year 2010 was four hundred and sixty four trillion US Dollars. This compares with the total publicly acknowledged Global Gross Domestic Product of about seventy eight trillion US Dollars per year. Of this $78 trillion sum, the European Union accounts for about $16 trillion, the US $15 trillion, and China $11 trillion of the global total.

The sum deducted by HSBC for bank charges and services in one quarter of 2010 from the single White Spiritual Boy account cited above, was more than five and a half times greater than the publicly stated Global Gross Domestic Product. (464 trillion divided by 78 trillion = 464 divided by 78 = 5.9). We invite comment and analysis.

The Committee of 300’s shadow government world banking system, conducted across mainstream-media-invisible black and grey screens, is composed of thousands of such accounts, many of them named “White Spiritual Boy”. The lead signatory for each of these accounts is Elizabeth Windsor (Queen Elizabeth II of England – HM Queen Alexandra Elizabeth Mary Windsor II).

Referring to the three document images linked above (this, this and this), the Japan-based financial journalist and White Dragon Society spokesman, Benjamin Fulford, commented on Saturday 14th January 2012: “Many people involved at the high end of the financial system and members of the committee of 300 are telling me the documents I posted with Queen Elizabeth’s signature on them are forgeries by Wilfredo Sauren. Other sources also involved at a high level tell me they are genuine. I do not know, but even if they are forgeries, forgeries are usually copies of something real. Even if they are fake, there is still a huge gap between the amount of money that supposedly exists in the off-ledger financial system and the amount that is on the books. That means a lot of zeros will have to be erased before the off-ledger and on-ledger financial systems can be reconciled and reconnected with the real world.” Source here (14.01.12).

AB comments: (1) Elsewhere, Benjamin Fulford has explained that Wilfredo Sauren was a forger who used to work with the CIA. He made a lot of money cashing-in skilfully faked bonds and other high-status financial documentation.

(2) This is incidental, but the codename “White Spiritual Boy” for the shadow government’s major off-ledger black screen accounts is suggestive. White Spiritual Boy = WSB = Wall Street Bankers. And in Washington, a hitherto invisible Spiritual Wonder Boy account, privately audited by The Committee of 300 in December 2008, reads as follows in the audit document:

“1. Special Federal Reserve Board Account no. 5525525424AM with account name of Spiritual Wonder Boy and with standing balance of US$ 2, 178, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000 reconfirmed and reconsidered matured audit dated December 1, 2008 that guaranteed and reconfirmed earned worth of US$ 410, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000 from the month of October up to this month in the total of US$ 2, 588, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000.”

In plain language, in 2008, the US Federal Reserve Board had an invisible account on its off-ledger books holding 2,588 trillion trillion trillion quadrillion US Dollars. That is 2588 followed by fifty one noughts.

Spiritual Wonder Boy = SWB = Secret World Banking.

Raw data: For ease of reference, 142 pages (158,000 words) of raw data about the White Spiritual Boy off-ledger black screen accounts have been compiled on a separate blog page here (12.01.12). Included on that page are bank names, account names, account numbers and balances for the following shadow government conduits: White Spiritual Boy accounts, Spiritual Wonder Boy accounts, Spiritual Ally accounts, Spiritual Allied Forces accounts, Morning Star accounts, Spiritual Maria Cristina accounts, Unknown Man accounts, Falcon 1 to Falcon 21 accounts, Croplands account, Walnut account, and Peter Stone Account.

Question: If such huge sums of money are available to the élite banking bloodlines, why is crippling financial austerity being imposed by national governments on their populations?

And why are the elected politicians in the Western democracies keeping their electorates in the dark about these vast hidden riches, while, at the same time, they are raising taxes and cutting public expenditure on services and infrastructure?

The enquiry must be made: Is there really a global banking crisis at all? Or is the “financial crisis” just a set-up media event to provide cover for massive élite theft?

More related, and developing, geopolitical background can be found here (23.04.12), here (16.04.12), here (12.04.12), here (12.04.12), here (10.04.12), here (09.04.12), here (03.04.12), here (31.03.12), here (27.03.12), here (27.03.12), here (27.03.12), here (26.03.12), here (22.03.12), here (21.03.12), here (21.03.12), here (20.03.12), here (17.03.12), here (13.03.12), here (07.03.12), here (05.03.12), here (29.02.12), here (27.02.12), here (27.02.12), here (27.02.12), here (21.02.12), here (20.02.12), here (16.02.12), here (13.02.12), here (12.02.12), here (07.02.12), here (05.02.12), here (04.02.12), here (31.01.12), here (27.01.12), here (26.01.12), here (26.01.12), here (26.01.12), here (23.01.12), here (19.01.12), here (18.01.12), here (17.01.12), here (09.01.12), here (09.01.12), here (08.01.12), here (05.01.12 – sourced from a bilingual Japanese/English presentation here on 25.12.11), here (02.01.12) and here (29.12.11). And there is more about The Committee of 300 here and here.

http://alcuinbramerton.blogspot.com/2012/01/global-banking-crisis-what-global.html

…………………………………………………………..

The White Spiritual Boy off-ledger black screen accounts – raw data

The World Global Settlement Funds

Universal debt forgiveness and the imminent global debt jubilee

The Monaco Colloquium – August 2011

The NESARA announcements – expected in 2012

2012 Agenda for Disclosure – The opening of Pandora’s Suitcase

FINANCIAL TYRANNY: Defeating the Greatest Cover-Up of All Time – Section Four: The Occult Economy by David Wilcock


A 786-PAGE HISTORY LESSON
The greatest victory of the Federal Reserve cabal has been the ability to print money out of thin air. Creating 26 Trillion dollars of profits was quite a stunt.
This technology did not come easily. In order to accomplish this, it was first necessary to systematically confiscate all the world’s gold.
Despite my deep involvement in researching these subjects since 1992, I only learned about this aspect of the Federal Reserve agenda very recently — but it is nonetheless of vital importance.
This secret Western plan for a worldwide “magic printing press” began in 1776 with the publication of Adam Smith’s “An Inquiry Into the Nature and Causes of the Wealth of Nations” — or “The Wealth of Nations” for short.
This meticulously researched 786-page monster document formed the intellectual, philosophical and economic argument behind the creation of the current “free market” global financial system.
It also helped to establish the criteria and reasoning for creating the secret, “off-market” central-bank trading platforms that were backed by all the hidden, stolen gold, beginning in 1944. [I will explain how these platforms work as we go on.]
Several university websites offer a PDF version of this document for download. Here is Penn State’s version:
SMITH’S VISION WAS MISUSED
Though at its core, Smith’s masterwork had positive ideals, intended to create a better world for everyone, most nations of the world now feel Smith’s vision has been wildly distorted and misused within the current economic system.
Many strategies are secretly being used to combat this global crisis — including the trillion-dollar lawsuit mentioned in Part One.
This entire “Illuminati” financial system is finally breaking open and becoming public — for the first time since its inception. Much of what I am writing here has never before been available — except to a very select few on Earth.
Most scholars focus on Smith’s defense of “free market” economics. Smith argued that government tariffs and oversight will restrict economic growth. Politicians can be bought off and manipulated by big corporations, keeping prices high and quality low.
However, without government restrictions, the people will democratically “vote with their wallets” for whatever is best — and in a truly fair and open game, they will ultimately get better products at better prices.
DEMOLISHING THE GOLD STANDARD
What we are most concerned with is the argument that inevitably arises from studying Smith’s work: namely that no country could legitimately remain on a gold standard if we wanted world peace.
Even if a world leader of typical intelligence could only make it through the first 44 pages of this book, he or she would already have a strong sense of inevitability regarding Smith’s ultimate position on gold. Here are four of the most prominent examples:
1. INFLATION IS INEVITABLE ON A GOLD STANDARD
First of all, if a country only has a certain, fixed amount of gold, massive inflation is inevitable. More people will be born and they will produce more stuff. That, in turn, forces you to print more money — but you don’t have more gold.
The more money you print, the less gold anyone can actually get for it. This makes their money worth less and less over time. Everyone who has paper money in the bank or stashed in their closet will find it continually decreasing in purchasing power.
This problem would inevitably cause suffering, riots and ultimately mass casualties as the public realizes their money is worthless, and / or other nations refuse to honor their currency — thereby choking them off from needed survival supplies.
2. A COUNTRY CAN BE DESTROYED BY SIMPLY MOVING THE GOLD
Second of all, what if someone within the country feels they either own the gold or could successfully steal it — including the ruling party or some of their minions?
This individual or group — which may just be a warring, pissed-off faction within the overall power structure — could mount a sting operation, take the gold out of the country, bring it somewhere else and then defend their actions with military force.
How hard is it, really, to transport a few thousand tons of this shiny, yellow metal? How many soldiers and guards do you need to kill, in the middle of the night, as your teams swoop in and move it out — in massive shipments?
Thanks to the invention of the wheel, and the inevitable availability of large groups of mercenaries to do the work, you just send in a bunch of guys and haul it the hell out of there. With enough planning and logistics, it could all happen in one night.
By simply moving the gold from one nation to another, by whatever violent means were required, someone could instantly and completely destroy the nation they took the gold from.
3. ANY COUNTRY WITH GOLD IS A PRIME TARGET FOR INVASION
Thirdly, if one country has gold reserves and others do not, they become a target for invasion.
Natural human greed and violence would inevitably doom the people in that country to invasion by others wishing to steal it.
The only way to solve that problem is to insure that no one nation has gold-backed currency.
That way the game is fair for everyone… all across the board.
4. THE COUNTRIES WITH GOLD WILL ONLY BECOME MORE AND MORE POWERFUL AS TIME GOES ON
Lastly, any country who does have a gold-backed currency will have an unfair advantage over other nations.
The people of the world will naturally want to invest in a gold-backed currency over any “worthless paper” counterpart.
Therefore, the powerful will only get more powerful, while the weak become systematically weaker.
The “Golden Rule” is “He who has the gold… makes the rules.”
THIS IS HOW IT HAPPENED
The leaders of the world were told that eliminating gold-backed currency was the only solution to this problem. Then, money could be issued via fiat.
Though the term “fiat” is akin to saying “the Devil’s Pitchfork” to anyone who reads this sort of material, the original idea behind fiat currency was simply that it would be backed by the wealth created by the people.
Adam Smith made this point right from the beginning in The Wealth of Nations — as we can see here in a quote from page 31.
“It was not by gold or by silver, but by labour, that all the wealth of the world was originally purchased; and its value, to those who possess it, and who want to exchange it for some new productions, is precisely equal to the quantity of labour which it can enable them to purchase or command.”
In its ideal form, a nation calculates the actual amount of wealth created by a given nation, and then issues currency in proportion to that equity. With the Internet, this could be openly calculated and audited by the public with complete transparency.
In this setting, no economic collapse ever needs to happen again — and the more motivated a country is to produce wealth, the more wealth it can generate for itself. This, according to Smith’s vision, could not be accomplished with the gold standard.
PLANS TO INVADE AND PLUNDER ASIA
According to Benjamin Fulford, the former Asia-Pacific bureau chief for Forbes Magazine who I interviewed for Part One, fully eighty-five percent of the world’s gold ended up in Asia.

The Libyan War, American Power and the Decline of the Petrodollar System


 None of this will change until the people of America turn their TV’s off, educate themselves and get off the couch and on their feet to protest in mass and “Walk Like an Egyptian” toward ever state capital in DEMAND that we switch to alternative energy sources. Aside from killing they planet with all the poking, prodding and toxic spills the oil interests also haul us off to wars that spread depleted uranium over the countryside creating genocide that lingers for MILLIONS of years. That depleted uranium used in bombs is the spent fuel from nuclear power plants, the only way they  have to dispose of the radioactive filth is by killing more people for generation, upon generation to come.

When are we going to say ENOUGH!! America could take example from the people of the middle east.

By Prof. Peter Dale Scott
Global Research, April 29, 2011

The present NATO campaign against Gaddafi in Libya has given rise to great confusion, both among those waging this ineffective campaign, and among those observing it. Many whose opinions I normally respect see this as a necessary war against a villain – though some choose to see Gaddafi as the villain, and others point to Obama. 

My own take on this war, on the other hand, is that it is both ill-conceived and dangerous  — a threat to the interests of Libyans, Americans, the Middle East and conceivably the entire world. Beneath the professed concern about the safety of Libyan civilians lies a deeper concern that is barely acknowledged: the West’s defense of the present global petrodollar economy, now in decline..

The confusion in Washington, matched by the absence of discussion of an overriding strategic motive for American involvement, is symptomatic of the fact that the American century is ending, and ending in a way that is both predictable in the long run, and simultaneously erratic and out of control in its details.

Confusion in Washington and in NATO

With respect to Libya’s upheaval itself, opinions in Washington range from that of John McCain, who has allegedly called on NATO to provide “every apparent means of assistance, minus ground troops,” in overthrowing Gaddafi,1 to Republican Congressman Mike Rogers, who has expressed deep concern about even passing out arms to a group of fighters we do not know well.2

We have seen the same confusion throughout the Middle East. In Egypt a coalition of non-governmental elements helped prepare for the nonviolent revolution in that country, while former US Ambassador Frank Wisner, Jr., flew to Egypt to persuade Mubarak to cling to power. Meanwhile in countries that used to be of major interest to the US, like Jordan and Yemen, it is hard to discern any coherent American policy at all.

In NATO too there is confusion that occasionally threatens to break into open discord. Of the 28 NATO members, only 14 are involved at all in the Libyan campaign, and only six are involved in the air war. Of these only three countries –the U.S., Britain, and France, are offering tactical air support to the rebels on the ground. When many NATO countries froze the bank accounts of Gaddafi and his immediate supporters, the US, in an unpublicized and dubious move, froze the entire $30 billion of Libyan government funds to which it has access. (Of this, more later.) Germany, the most powerful NATO nation after America, abstained on the UN Security Council resolution; and its foreign minister, Guido Westerwelle, has since said, “We will not see a military solution, but a political solution.”3

Such chaos would have been unthinkable in the high period of US dominance. Obama appears paralyzed by the gap between his declared objective – the removal of Gaddafi from power – and the means available to him, given the nation’s costly involvement in two wars, and his domestic priorities.

To understand America’s and NATO’s confusion over Libya, one must look at other phenomena:

• Standard & Poor’s warning of an imminent downgrade of the U.S. credit rating

• the unprecedented rise in the price of gold to over $1500 an ounce

• the gridlock in American politics over federal and state deficits and what to do about them

In the midst of the Libyan challenge to what remains of American hegemony, and in part as a direct consequence of America’s confused strategy in Libya, the price of oil has hit $112 a barrel. This price increase threatens to slow or even reverse America’s faltering economic recovery, and demonstrates one of the many ways in which the Libyan war is not serving American national interests.

Confusion about Libya has been evident in Washington from the outset, particularly since Secretary of State Clinton advocated a no-fly policy, President Obama said he wanted it as an option, and Secretary of Defense Gates warned against it.4 The result has been a series of interim measures, during which Obama has justified a limited U.S. response by pointing to America’s demanding commitments in Iraq and Afghanistan.

Yet with a stalemate prevailing in Libya itself, a series of further gradual escalations are being contemplated, from the provision of arms, funds, and advisers to the rebels, to the introduction of mercenaries or even foreign troops. The American scenario begins to look more and morelike Vietnam, where the war also began modestly with the introduction of covert operators followed by military advisers.

I have to confess that on March 17 I myself was of two minds about UN Security Council 1973, which ostensibly established a no-fly zone in Libya for the protection of civilians. But since then it has become apparent that the threat to rebels from Gaddafi’s troops and rhetoric was in fact far less than was perceived at the time. To quote Prof. Alan J. Kuperman,

… President Barack Obama grossly exaggerated the humanitarian threat to justify military action in Libya. The president claimed that intervention was necessary to prevent a “bloodbath’’ in Benghazi, Libya’s second-largest city and last rebel stronghold. But Human Rights Watch has released data on Misurata, the next-biggest city in Libya and scene of protracted fighting, revealing that Moammar Khadafy is not deliberately massacring civilians but rather narrowly targeting the armed rebels who fight against his government. Misurata’s population is roughly 400,000. In nearly two months of war, only 257 people — including combatants — have died there. Of the 949 wounded, only 22 — less than 3 percent — are women… Nor did Khadafy ever threaten civilian massacre in Benghazi, as Obama alleged. The “no mercy’’ warning, of March 17, targeted rebels only, as reported by The New York Times, which noted that Libya’s leader promised amnesty for those “who throw their weapons away.’’ Khadafy even offered the rebels an escape route and open border to Egypt, to avoid a fight “to the bitter end.’’5

The record of ongoing US military interventions in Iraq and Afghanistan suggests that we should expect a heavy human toll if the current stalemate in Libya either continues or escalates further.

The Role in this War of Oil and Financial Interests

Read more here:

http://www.globalresearch.ca/index.php?context=va&aid=24542