We must now discuss in detail the "systematic debt" that coincides with US led crimes against humanity. First, let's review what we have covered up to this point in our Meet The War Criminals series. We have established that homosexuality in the US (referred to as Gay Pride) has developed into widespread crimes against humanity that's in pursuit of world-wide same-sex marriages. In Part II of Meet The War Criminals... "I'm Wool" we took a close look at the geographic pattern of nations with same-sex marriage laws and nations where it's currently being debated.
Transgender and homosexuality is the root cause of same-sex marriage through the drive that lesbian, gay, bi-sexual, and transgender (LGBT) individuals have taken to become recognized as gender-variant people in their own right. We even realized, in Part II, that studies have found an increase in psychiatric disorders, including a more than doubling of anxiety disorders, among the LGBT population living in states that instituted bans on same-sex marriages in the US. The issue of same-sex marriage within a clear geographic pattern (N. America, S. America, S. Africa, and parts of Europe) is the main reason that Globalization, Climate Change, and Bio-Age progress has been stalled since 2008. Not only has the US stalled on these major economic changes in America, they've created a world-wide stall in the financial markets with debt from government bonds. They've also interfered with the political process in various nations, including Syria, Palestinian Authority, and Iran. These nations demonstrate 'advanced readiness' for Bio-Age economic changes and have anti-gay laws. Note: These are just a few more reasons why we must take a closer look at the events surrounding Yulia Tymoshenko's political imprisonment as we continue to wait for a ruling from the European Courts of Human Rights!
It is time now we face the systematic debt the US has been building for years in the process of leading crimes against humanity. This systematic debt is the driving force of the Global Financial Crisis. We will examine the following:
In order to understand the foundations of the current financial crisis in the US and in parts of Europe, we must examine the psychiatric disorders and the behavioral financial situation of these nations with systemic debt (once more, these nations fall in the US led crimes against humanity geographic footprint). A mental disorder or mental illness is a psychological pattern, potentially reflected in behavior, that is generally associated with distress or disability, and which is not considered part of normal development of a person's culture. Mental disorders are generally defined by a combination of how a person feels, acts, thinks or perceives. This may be associated with particular regions or functions of the brain or rest of the nervous system, often in a social context. It is important to realize that fear of stigma and discrimination can add to the suffering and disability associated with mental disorders. This has led to various social movements and political reform attempting to increase understanding and challenge social exclusion (i.e. same-sex marriage and Obamacare). A close-up look at the many different categories of mental disorders will show why LGBT individuals (rather Americans at large) are full steam ahead with challenging social exclusion world-wide. Note: there are many different facets of human behavior and personality that can become disordered.
We must take a moment to review the graveness of these psychiatric disorders. Anxiety or fear that interferes with normal functioning may be classified as an anxiety disorder, social anxiety disorder, panic disorder, agoraphobia, obsessive-compulsive disorder (i.e. overeating and overspending) and post-traumatic stress disorder (in the US they call this "Vietnam")!
Other affective (emotional/mood) processes can also become disordered. Mood disorder involving unusually intense and sustained sadness, melancholia, or despair is known as major depression (also known as unipolar or clinical depression). Milder but still prolonged depression can be diagnosed as dysthymia. Bipolar disorder (also known as manic depression) involves abnormally "high" or pressured mood states, known as mania or hypomania, alternating with normal or depressed mood.
Patterns of belief, language use and perception of reality can become disordered (i.e. delusions, thought disorder, hallucinations). Personality - the fundamental characteristics of a person that influence thoughts and behaviors across situations and time - may be considered disordered if judged to be abnormally rigid and maladaptive. A number of different personality disorders are listed, including those sometimes classed as "eccentric", such as paranoid, schizoid and schizotypal personality disorders; types that have described as "dramatic" or "emotional", such as anti-social, borderline, histrionic or narcissistic personality disorders; and those sometimes classed as fear-related, such as anxious-avoidant, dependent, or obsessive-compulsive personality disorders. The personality disorders in general are defined as emerging in childhood, or at least by adolescence or early adulthood.
Various kinds of paraphilia are considered mental disorders (sexual arousal to objects, situations, or individuals that are considered abnormal or harmful to the person or others). People who are abnormally unable to resist certain urges or impulses that could be harmful to themselves or others, may be classed as having an impulse control disorder, including various kinds of tic disorders such as Tourette's syndrome, and disorders such as kleptomania (stealing) or pyromania (fire-setting). Various behavioral addictions, such as gambling addiction, may be classed as a disorder. Obsessive-compulsive disorder can sometimes involve an inability to resist certain acts but is classed separately as being primarily an anxiety disorder.
People who suffer severe disturbances of their self-identity, memory and general awareness of themselves and their surroundings may be classed as having a dissociative identity disorder, such as depersonalization disorder or Dissociative Identity Disorder itself (which has also been called multiple personality disorder, or "split personality"). Other memory or cognitive disorders include amnesia or various kinds of old age dementia.
The disabilities associated with these commonly occurring mental disorders are alarming. People report equal or greater disability from mental conditions than from physical conditions. These disabilities may or may not involve such things as:
Behavioral economics and the related field, behavioral finance, study the effects of social, cognitive, and emotional factors on the economic decisions of individuals and institutions and the consequences for market prices, returns, and the resource allocation. There are three themes which are prevalent in behavioral finances:
Behavioral finance highlights inefficiencies such as under- or over-reactions to information as causes of market trends (and in extreme cases of bubbles and crashes). Such reactions have been attributed to limited investor attention, overconfidence, overoptimism, mimicry (herding instinct) and noise trading. A noise trader (also known informally as idiot trader) is described in the literature of financial research as a stock trader whose decisions to buy, sell, or hold are irrational and erratic. The presence of noise traders in financial markets can then cause prices and risk levels to diverge from expected levels even if all other traders are rational.
In finance, noise obtained a formal definition in a 1986 paper by Fischer Black: "Noise in the sense of a large number of small events is often a cause factor much more powerful than a small number of large events can be." This has been proven in San Francisco already when the West Coast Pacific Exchange permanently closed its doors behind wide-spread noise trading taking place among bicyclist passing sensitive market information along the streets. Technical analysts consider behavioral finance to be the theoretical basis for technical analysis.
Drug abuse including alcohol may lead to health problems, social problems, morbidity, injuries, unprotected sex, violence, deaths, motor vehicle accidents, homicides, suicides, physical dependence or psychological addiction, and noise trading! (Perhaps, you are just now hearing about the US "One More Beer" rumor that started in South Korea concerning US readiness towards North Korean aggression... this is why North Korea will continue its nuclear program!) I've attached a Department of the Army photograph of me in South Korea standing in front of the "gravest sign" - winner of the annual Active Army Philip A. Connelly Field Competition where we were declared "The Best"! Just ask anyone from South Korea, "What does "One More Beer" have to do with the Global Financial Crisis" (we will cover this rumor in more detail in Part IV of Meet the War Criminals)? This shows that there is currently noise in US financial psychology that involves this moment once you've heard 'the rumor'!
Drug abuse affects the central nervous system (CNS), which produce changes in mood, levels of awareness or perceptions and sensations. Most of these drugs also alter systems other than the CNS. Some drugs appear to be more likely to lead to uncontrolled use than others. In spite of the efforts by the US, drug supply and purity has reached an all time high, with the vast majority of resources spent on interdiction and law enforcement instead of public health. In the US, the number of nonviolent drug offenders in prison exceeds by 100,000 the total incarcerated population in the EU, despite the fact that the EU has 100 million more citizens.
Policymakers try to understand the relative costs of drug-related interventions. An appropriate drug policy relies on the assessment of drug-related public expenditure (or the impact that current drug usage has on GDP). In one glimpse, we can see US policymakers having power enough to fund crimes against humanity by waging a War On Drugs. Labelled drug-related expenditures are defined as the direct planned spending that reflects the voluntary engagement of the state in the field of illicit drugs. Direct public expenditures explicitly labeled as drug-related can be easily traced back by exhaustively reviewing official accountancy documents such as national budgets and year-end reports. Unlabelled expenditure refers to unplanned spending and is estimated through modeling techniques, based on top-down budgetary procedure. Starting from overall aggregated expenditures, this procedure estimates the proportion casually attributable to substance abuse. For example, to estimate the prison drug-related expenditures in a given country, two elements would be necessary: the overall prison expenditures in the country for a given period, and the attributable proportion of inmates due to drug-related issues. The product of the two will give a rough estimate that can be compared across different countries. The numbers say it all:
War on Drugs is a term commonly applied to a campaign of prohibition and foreign military aid and military intervention undertaken by the US government. Military aid is aid which is used to assist an ally in its defense efforts, or to assist a poor country in maintaining control over its own territory. Many countries receive military aid to help with counter-insurgency efforts. This is done in the name of military intervention or peacekeeping. Immediately, our attention must turn towards the Syrian conflict. The Syrian uprising is an ongoing armed conflict in Syria between forces loyal to the Syrian Ba'ath Party government and those seeking to oust it. The US is actively involved with supporting the opposition movement to improve current conditions in Afghanistan by helping Turkey supply the rebels with weapons. Turkey, once an ally of Syria, has condemned President al-Assad over the violent crackdown and has requested his departure from office. In October 2011, Turkey began sheltering the Free Syrian Army, offering the group a safe zone and a base of operation. Together with Saudi Arabia and Qatar, Turkey has also provided the rebels with arms and other military equipment. Following border clashes between Turkey and Syria in late 2012, Turkey requested American Patriot Missile batteries to help defend its borders against Syrian aggression; the missiles were delivered by NATO. In 2012, the US, UK and France provided opposition forces with non-lethal military aid, including communications equipment and medical supplies.
The military aid and intervention by the US government, with the assistance of Turkey, was set-up to define and reduce the potential illegal drug trade in Afghanistan. This initiative includes a set of drug policies of the US that are intended to discourage the production, distribution, and consumption of illegal psychoactive drugs. This is where the US has been found looking for ways to boost GDP in the illegal drug trade - specifically through labelled drug-related expenditures. This dates back to World War II and the heroin trafficking operations of the CIA, US Navy and Sicilian Mafia.
According to Rodney Campbell, an editorial assistant to Nelson Rockefeller, during World War II, the US Navy, concerned that strikes and labor disputes in US eastern shipping ports would disrupt wartime logistics, released the mobster Lucky Luciano from prison, and collaborated with him to help the mafia take control of those ports. Labor union members were terrorized and murdered as a means of preventing labor unrest and ensuring smooth shipping of supplies to Europe.
In order to prevent Communist party members from being elected in Italy following World War II, the CIA worked closely with the Sicilian Mafia, protecting them and assisting in their world-wide heroin smuggling operations in exchange for the Mafia's assistance with assassinating, torturing, and beating leftist political organizers. We will discuss the Syrian Conflict, the War in Afghanistan, and the US led Global War on Terror in Part IV of Meet the War Criminals. Finally, a detailed review of the most recent episode of the US led Currency War allows us to see the "Big Picture".
Currency War, refers to a condition in international affairs where countries compete against each other to achieve a relatively low exchange rate for their own currency. As the price to buy a particular currency falls so too does the real price of exports from the country. Imports become more expensive too, so domestic industry, and thus employment, receives a boost in demand both at home and abroad. However, the price increase in imports can harm citizens' purchasing power. Currency wars can also trigger retaliatory action by other countries which in turn can lead to a general decline in international trade, harming all countries.
The most recent US led currency war was a result of the US budget deficit reaching all new highs. The US was worried about its trade balance during the Global Financial Crisis. This leads to the conclusion that the persistent international trade deficit that the US experiences year after year is bad. For one, it created a huge economic disguise for Americans to use while traveling along its geographic crimes against humanity "footprint". Secondly, it has led the US into the devaluation of its currency.
Devaluation, with its adverse consequences, has historically rarely been a preferred strategy. According to economist Richard N. Cooper, writing in 1971, a substantial devaluation is one of the most "traumatic" policies a government can adopt - it almost always results in cries of outrage and calls for the government to be replaced. (Remember all of the OCCUPY movements? How about the street riots in Greece?) Devaluation can lead to a reduction in citizen's standard of living as their purchasing power is reduced both when they buy imports and when they travel abroad. It also can add to inflationary pressure. Devaluation can make interest payments on international debt more expensive if those debts are denominated in a foreign currency, and it can discourage foreign investors. At least until the 21st century, a strong currency was commonly seen as a mark of prestige while devaluation was associated with weak governments. A lower value for the home currency will raise the price for imports while making exports cheaper, thus broadening the US trade deficit.
Due to the state of the US economy, given its persistent trade deficit, the US has chosen to use quantitative easing (QE) to disguise an overall devaluation scheme of the US dollar. The Emergency Stabilization Act of 2008 gave the Federal Reserve the foundation necessary to generate over a trillion dollars worth of excess bank reserves, currently held in US commercial banks, from its quantitative easing program. This will lead the US dollar into more worthless territory as we can see from the above chart. Quantitative easing is the practice where a central bank tries to mitigate a potential or actual recession by increasing the money supply for their home economy. This can be done by creating money and injecting it into the domestic economy with open market operations. There may be a promise to destroy any newly created money once the economy improves, so as to avoid inflation. However, so far, this is not the case in the US. The newly created money is all sitting in commercial bank's excess reserves where they have no chance of improving the trade deficit due to consumer debt. In this most recent currency war, the US also chose to use the WTO to fight battles that would decrease the trade deficit such as challenging China's duties on steel products from the US.
We are left to answer one question: Why did the US choose not to inflate when it faced the greatest Financial Panic in 2008 since the Great Depression with a world renowned trade deficit? This has inevitably led the US on the course of devaluation. It is the result of failure stemming from the Emergency Economic Stabilization Act of 2008. This law was passed as a result of the combined impact of the "total social disorder" that we've covered thus far in our Meet the War Criminals series. Now let's take a look at our "Terrain" or the geographic "Big Picture"!
Up to this point we have identified that the US is actively involved in crimes against humanity along a geographic pattern that includes N. America, S. America, S. Africa, and parts of Europe. These crimes against humanity involve sexual violence and the pursuit of same-sex marriage. We've provided plenty of supporting evidence throughout this series such as identifying the most common signs of abuse and revealing the truth behind the US economy that's used to finance these crimes against humanity.
There are currently three scenarios where this will all lead us and one outcome that is becoming more and more inevitable. One scenario would be the establishment of a new gold-backed global currency (Note: this scenario is the most feasible). Based on an expected need to restore confidence on a global basis, an approximate price of $7,500 per ounce of gold would seem likely. To some, this may appear to be a huge change in the value of the dollar; remember however, the change has already occurred as US commercial banks sit with over one trillion dollars in excess reserves collecting interest from the Federal Reserves. This has yet to be recognized by markets, central banks or economists.
The second scenario involves the use of Special Drawing Rights (SDRs) from the International Monetary Fund (IMF)! In this scenario the IMF is positioned to perform the two key functions of a true central bank - money creation and lender of last resort - using the SDR as its form of money under the direction of the G20 as its de facto board of governors. This would require an SDR bond market with public and private instruments and a network of primary dealers and derivatives must provide liquidity and leverage. More IOU's is obviously the wrong answer!
The third scenario is the most likely, chaos... the US and the EU bond bubbles pop! Everything that we've discussed in our Meet The War Criminals series will lead to a chaotic, catastrophic collapse of investor confidence resulting in emergency measures by governments to maintain some resemblance of a functioning system of money, trade, and investment. Bond buying by the Fed at this point will be seen as adding fuel to fire because the Fed prints money when it buys bonds - exactly what the market was troubled by in the first place. Moreover, the Fed has printed so much money and brought so many bonds before the panic that, for the first time, markets question the Fed's staying power. For once, the selling power of the panic outweighs the buying power of the Fed. The dollar collapse continues and US interest rates spike higher. By the end of day one, the Fed will no longer be spraying water on the "US financial fire" - it will be spraying gasoline with the completion of QE3.
However, everyone pleased be advised about the one outcome that is becoming more and more inevitable... the emergence of Cold War 2. We must realize now that everything we've discussed in our Meet The War Criminals series form the same foundations of US policy that created the Cuban Missile Crisis and the first Cold War. This time around however, the systematic debt generated by the US causing a failed financial system, the Global War on Terror and plans of a European Missile Defense System adds to the likelihood of US led crimes against humanity ending in Cold War 2. We will take an in depth look at the Global War on Terror, the European Missile Defense System, and the current Syrian Conflict in Part IV of Meet the War Criminals... "Time For War"! Until then, remember that Yulia Tymoshenko is in prison because of her efforts to bring to Europe a European and independent Ukraine. It is apparent that all of her troubles stem from a Europe that was getting along well inside of US led crimes against humanity. It's evident because advanced economies such as the EU don't just allow a gas bill to go unpaid in the heart of winter... without already having someone to blame in mind. Were we witnessing the EU's will to spread these crimes against humanity in the form of sexual assault into the Ukraine? Let's await for the European Courts of Human Rights to respond to get a clear answer!
Transgender and homosexuality is the root cause of same-sex marriage through the drive that lesbian, gay, bi-sexual, and transgender (LGBT) individuals have taken to become recognized as gender-variant people in their own right. We even realized, in Part II, that studies have found an increase in psychiatric disorders, including a more than doubling of anxiety disorders, among the LGBT population living in states that instituted bans on same-sex marriages in the US. The issue of same-sex marriage within a clear geographic pattern (N. America, S. America, S. Africa, and parts of Europe) is the main reason that Globalization, Climate Change, and Bio-Age progress has been stalled since 2008. Not only has the US stalled on these major economic changes in America, they've created a world-wide stall in the financial markets with debt from government bonds. They've also interfered with the political process in various nations, including Syria, Palestinian Authority, and Iran. These nations demonstrate 'advanced readiness' for Bio-Age economic changes and have anti-gay laws. Note: These are just a few more reasons why we must take a closer look at the events surrounding Yulia Tymoshenko's political imprisonment as we continue to wait for a ruling from the European Courts of Human Rights!
It is time now we face the systematic debt the US has been building for years in the process of leading crimes against humanity. This systematic debt is the driving force of the Global Financial Crisis. We will examine the following:
- The correlation between psychiatric disorders and behavioral finance stemming from sexual violence
- The impact that substance abuse and the US War On Drugs has on the Global Financial Crisis
- The most recent Currency War... "In Detail"
- Total Terrain: A close-up look at the geographic "Big Picture"
In order to understand the foundations of the current financial crisis in the US and in parts of Europe, we must examine the psychiatric disorders and the behavioral financial situation of these nations with systemic debt (once more, these nations fall in the US led crimes against humanity geographic footprint). A mental disorder or mental illness is a psychological pattern, potentially reflected in behavior, that is generally associated with distress or disability, and which is not considered part of normal development of a person's culture. Mental disorders are generally defined by a combination of how a person feels, acts, thinks or perceives. This may be associated with particular regions or functions of the brain or rest of the nervous system, often in a social context. It is important to realize that fear of stigma and discrimination can add to the suffering and disability associated with mental disorders. This has led to various social movements and political reform attempting to increase understanding and challenge social exclusion (i.e. same-sex marriage and Obamacare). A close-up look at the many different categories of mental disorders will show why LGBT individuals (rather Americans at large) are full steam ahead with challenging social exclusion world-wide. Note: there are many different facets of human behavior and personality that can become disordered.
We must take a moment to review the graveness of these psychiatric disorders. Anxiety or fear that interferes with normal functioning may be classified as an anxiety disorder, social anxiety disorder, panic disorder, agoraphobia, obsessive-compulsive disorder (i.e. overeating and overspending) and post-traumatic stress disorder (in the US they call this "Vietnam")!
Other affective (emotional/mood) processes can also become disordered. Mood disorder involving unusually intense and sustained sadness, melancholia, or despair is known as major depression (also known as unipolar or clinical depression). Milder but still prolonged depression can be diagnosed as dysthymia. Bipolar disorder (also known as manic depression) involves abnormally "high" or pressured mood states, known as mania or hypomania, alternating with normal or depressed mood.
Patterns of belief, language use and perception of reality can become disordered (i.e. delusions, thought disorder, hallucinations). Personality - the fundamental characteristics of a person that influence thoughts and behaviors across situations and time - may be considered disordered if judged to be abnormally rigid and maladaptive. A number of different personality disorders are listed, including those sometimes classed as "eccentric", such as paranoid, schizoid and schizotypal personality disorders; types that have described as "dramatic" or "emotional", such as anti-social, borderline, histrionic or narcissistic personality disorders; and those sometimes classed as fear-related, such as anxious-avoidant, dependent, or obsessive-compulsive personality disorders. The personality disorders in general are defined as emerging in childhood, or at least by adolescence or early adulthood.
Various kinds of paraphilia are considered mental disorders (sexual arousal to objects, situations, or individuals that are considered abnormal or harmful to the person or others). People who are abnormally unable to resist certain urges or impulses that could be harmful to themselves or others, may be classed as having an impulse control disorder, including various kinds of tic disorders such as Tourette's syndrome, and disorders such as kleptomania (stealing) or pyromania (fire-setting). Various behavioral addictions, such as gambling addiction, may be classed as a disorder. Obsessive-compulsive disorder can sometimes involve an inability to resist certain acts but is classed separately as being primarily an anxiety disorder.
People who suffer severe disturbances of their self-identity, memory and general awareness of themselves and their surroundings may be classed as having a dissociative identity disorder, such as depersonalization disorder or Dissociative Identity Disorder itself (which has also been called multiple personality disorder, or "split personality"). Other memory or cognitive disorders include amnesia or various kinds of old age dementia.
The disabilities associated with these commonly occurring mental disorders are alarming. People report equal or greater disability from mental conditions than from physical conditions. These disabilities may or may not involve such things as:
- Basic activities of daily living. Including looking after the self (health care, grooming, dressing, shopping, cooking etc.) or looking after accommodation (chores, DIY tasks etc.)
- Interpersonal relationships. Including communication skills, ability to form relationships and sustain them, ability to leave the home or mix in crowds or particular settings
- Occupational functioning. Ability to acquire a job and hold it, cognitive and social skills required for the job, dealing with workplace culture, or studying as a student.
Behavioral economics and the related field, behavioral finance, study the effects of social, cognitive, and emotional factors on the economic decisions of individuals and institutions and the consequences for market prices, returns, and the resource allocation. There are three themes which are prevalent in behavioral finances:
- Heuristics: People often make decisions based on approximate rules to thumb and not strict logic.
- Framing: The collection of anecdotes and stereotypes that make up the mental emotional filters individuals rely on to understand and respond to events.
- Market inefficiencies: These include mis-pricings and non-rational decision making.
Behavioral finance highlights inefficiencies such as under- or over-reactions to information as causes of market trends (and in extreme cases of bubbles and crashes). Such reactions have been attributed to limited investor attention, overconfidence, overoptimism, mimicry (herding instinct) and noise trading. A noise trader (also known informally as idiot trader) is described in the literature of financial research as a stock trader whose decisions to buy, sell, or hold are irrational and erratic. The presence of noise traders in financial markets can then cause prices and risk levels to diverge from expected levels even if all other traders are rational.
In finance, noise obtained a formal definition in a 1986 paper by Fischer Black: "Noise in the sense of a large number of small events is often a cause factor much more powerful than a small number of large events can be." This has been proven in San Francisco already when the West Coast Pacific Exchange permanently closed its doors behind wide-spread noise trading taking place among bicyclist passing sensitive market information along the streets. Technical analysts consider behavioral finance to be the theoretical basis for technical analysis.
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| The former San Francisco Stock Exchange building became the Pacific Coast Stock Exchange in 1957. Today it is an Equinox Fitness gym.
There's a very important area of research in behavioral finance that covers the theme of market inefficiencies. It is known as "conditional expected utility". This is a form of reasoning where the individual has an illusion of control, and calculates the probabilities of external events and hence utility as a function of their own action, even when they have no casual ability to affect those external events. We can clearly see this area of behavioral finance at work in the case of recent Iranian sanctions led by the US. These sanctions have already failed as Iran has renewed many of its oil commitments with existing trading partners. We can now see that sexual violence and US led crimes against humanity has led to all sorts of mental disorders and has had a negative impact on global trade due to non-rational decision making. We must now add another dimension to the systematic debt the US is building on... and that's the impact that substance abuse and the US War on Drugs has had on the entire Global Financial Crisis.
Substance abuse, also known as drug abuse, is a patterned use of substance in which the user consumes the substance in amounts or with methods neither approved nor supervised by medical professionals. Substance abuse often includes problems with impulse control and impulsive behavior. The term "drug abuse" does not exclude dependency, but is otherwise used in a similar manner in non medical contexts. Some of the drugs most often associated with this term "abuse" include alcohol, amphetamines, barbiturates, benzodiazepines (particularly temazepam, nimetazepam, and flunitrazepam), cocaine, methaqualone, and opiods. |
Drug abuse including alcohol may lead to health problems, social problems, morbidity, injuries, unprotected sex, violence, deaths, motor vehicle accidents, homicides, suicides, physical dependence or psychological addiction, and noise trading! (Perhaps, you are just now hearing about the US "One More Beer" rumor that started in South Korea concerning US readiness towards North Korean aggression... this is why North Korea will continue its nuclear program!) I've attached a Department of the Army photograph of me in South Korea standing in front of the "gravest sign" - winner of the annual Active Army Philip A. Connelly Field Competition where we were declared "The Best"! Just ask anyone from South Korea, "What does "One More Beer" have to do with the Global Financial Crisis" (we will cover this rumor in more detail in Part IV of Meet the War Criminals)? This shows that there is currently noise in US financial psychology that involves this moment once you've heard 'the rumor'!
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| 2008 Winners - Philip A. Connelly Active Army Field Competition 94th Military Police Battalion Eighth US Army Korea |
Policymakers try to understand the relative costs of drug-related interventions. An appropriate drug policy relies on the assessment of drug-related public expenditure (or the impact that current drug usage has on GDP). In one glimpse, we can see US policymakers having power enough to fund crimes against humanity by waging a War On Drugs. Labelled drug-related expenditures are defined as the direct planned spending that reflects the voluntary engagement of the state in the field of illicit drugs. Direct public expenditures explicitly labeled as drug-related can be easily traced back by exhaustively reviewing official accountancy documents such as national budgets and year-end reports. Unlabelled expenditure refers to unplanned spending and is estimated through modeling techniques, based on top-down budgetary procedure. Starting from overall aggregated expenditures, this procedure estimates the proportion casually attributable to substance abuse. For example, to estimate the prison drug-related expenditures in a given country, two elements would be necessary: the overall prison expenditures in the country for a given period, and the attributable proportion of inmates due to drug-related issues. The product of the two will give a rough estimate that can be compared across different countries. The numbers say it all:
- $193 billion - estimated cost of drug use to the US society in lost productivity, health care and criminal justice costs in 2007 (great example of US labelled drug-related expenditure)Source: NDIC
- Every four minutes someone in America is sent to treatment instead of prison through drug courts Source: ONDCP
- 1 in 8 is the rate of Americans driving on a weekend night testing positive for an illicit drug Source: NHTSA
- 10% is the percentage of American 8th graders reporting using an illicit drug in the past month Source: Monitoring the Future
- $6,120 dollars per second is the estimated cost of drug use to the US society in lost productivity, health care costs (etc.) Source: NDIC
War on Drugs is a term commonly applied to a campaign of prohibition and foreign military aid and military intervention undertaken by the US government. Military aid is aid which is used to assist an ally in its defense efforts, or to assist a poor country in maintaining control over its own territory. Many countries receive military aid to help with counter-insurgency efforts. This is done in the name of military intervention or peacekeeping. Immediately, our attention must turn towards the Syrian conflict. The Syrian uprising is an ongoing armed conflict in Syria between forces loyal to the Syrian Ba'ath Party government and those seeking to oust it. The US is actively involved with supporting the opposition movement to improve current conditions in Afghanistan by helping Turkey supply the rebels with weapons. Turkey, once an ally of Syria, has condemned President al-Assad over the violent crackdown and has requested his departure from office. In October 2011, Turkey began sheltering the Free Syrian Army, offering the group a safe zone and a base of operation. Together with Saudi Arabia and Qatar, Turkey has also provided the rebels with arms and other military equipment. Following border clashes between Turkey and Syria in late 2012, Turkey requested American Patriot Missile batteries to help defend its borders against Syrian aggression; the missiles were delivered by NATO. In 2012, the US, UK and France provided opposition forces with non-lethal military aid, including communications equipment and medical supplies.
The military aid and intervention by the US government, with the assistance of Turkey, was set-up to define and reduce the potential illegal drug trade in Afghanistan. This initiative includes a set of drug policies of the US that are intended to discourage the production, distribution, and consumption of illegal psychoactive drugs. This is where the US has been found looking for ways to boost GDP in the illegal drug trade - specifically through labelled drug-related expenditures. This dates back to World War II and the heroin trafficking operations of the CIA, US Navy and Sicilian Mafia.
According to Rodney Campbell, an editorial assistant to Nelson Rockefeller, during World War II, the US Navy, concerned that strikes and labor disputes in US eastern shipping ports would disrupt wartime logistics, released the mobster Lucky Luciano from prison, and collaborated with him to help the mafia take control of those ports. Labor union members were terrorized and murdered as a means of preventing labor unrest and ensuring smooth shipping of supplies to Europe.
In order to prevent Communist party members from being elected in Italy following World War II, the CIA worked closely with the Sicilian Mafia, protecting them and assisting in their world-wide heroin smuggling operations in exchange for the Mafia's assistance with assassinating, torturing, and beating leftist political organizers. We will discuss the Syrian Conflict, the War in Afghanistan, and the US led Global War on Terror in Part IV of Meet the War Criminals. Finally, a detailed review of the most recent episode of the US led Currency War allows us to see the "Big Picture".
Currency War, refers to a condition in international affairs where countries compete against each other to achieve a relatively low exchange rate for their own currency. As the price to buy a particular currency falls so too does the real price of exports from the country. Imports become more expensive too, so domestic industry, and thus employment, receives a boost in demand both at home and abroad. However, the price increase in imports can harm citizens' purchasing power. Currency wars can also trigger retaliatory action by other countries which in turn can lead to a general decline in international trade, harming all countries.
The most recent US led currency war was a result of the US budget deficit reaching all new highs. The US was worried about its trade balance during the Global Financial Crisis. This leads to the conclusion that the persistent international trade deficit that the US experiences year after year is bad. For one, it created a huge economic disguise for Americans to use while traveling along its geographic crimes against humanity "footprint". Secondly, it has led the US into the devaluation of its currency.
Devaluation, with its adverse consequences, has historically rarely been a preferred strategy. According to economist Richard N. Cooper, writing in 1971, a substantial devaluation is one of the most "traumatic" policies a government can adopt - it almost always results in cries of outrage and calls for the government to be replaced. (Remember all of the OCCUPY movements? How about the street riots in Greece?) Devaluation can lead to a reduction in citizen's standard of living as their purchasing power is reduced both when they buy imports and when they travel abroad. It also can add to inflationary pressure. Devaluation can make interest payments on international debt more expensive if those debts are denominated in a foreign currency, and it can discourage foreign investors. At least until the 21st century, a strong currency was commonly seen as a mark of prestige while devaluation was associated with weak governments. A lower value for the home currency will raise the price for imports while making exports cheaper, thus broadening the US trade deficit.
Due to the state of the US economy, given its persistent trade deficit, the US has chosen to use quantitative easing (QE) to disguise an overall devaluation scheme of the US dollar. The Emergency Stabilization Act of 2008 gave the Federal Reserve the foundation necessary to generate over a trillion dollars worth of excess bank reserves, currently held in US commercial banks, from its quantitative easing program. This will lead the US dollar into more worthless territory as we can see from the above chart. Quantitative easing is the practice where a central bank tries to mitigate a potential or actual recession by increasing the money supply for their home economy. This can be done by creating money and injecting it into the domestic economy with open market operations. There may be a promise to destroy any newly created money once the economy improves, so as to avoid inflation. However, so far, this is not the case in the US. The newly created money is all sitting in commercial bank's excess reserves where they have no chance of improving the trade deficit due to consumer debt. In this most recent currency war, the US also chose to use the WTO to fight battles that would decrease the trade deficit such as challenging China's duties on steel products from the US.
We are left to answer one question: Why did the US choose not to inflate when it faced the greatest Financial Panic in 2008 since the Great Depression with a world renowned trade deficit? This has inevitably led the US on the course of devaluation. It is the result of failure stemming from the Emergency Economic Stabilization Act of 2008. This law was passed as a result of the combined impact of the "total social disorder" that we've covered thus far in our Meet the War Criminals series. Now let's take a look at our "Terrain" or the geographic "Big Picture"!
Up to this point we have identified that the US is actively involved in crimes against humanity along a geographic pattern that includes N. America, S. America, S. Africa, and parts of Europe. These crimes against humanity involve sexual violence and the pursuit of same-sex marriage. We've provided plenty of supporting evidence throughout this series such as identifying the most common signs of abuse and revealing the truth behind the US economy that's used to finance these crimes against humanity.
There are currently three scenarios where this will all lead us and one outcome that is becoming more and more inevitable. One scenario would be the establishment of a new gold-backed global currency (Note: this scenario is the most feasible). Based on an expected need to restore confidence on a global basis, an approximate price of $7,500 per ounce of gold would seem likely. To some, this may appear to be a huge change in the value of the dollar; remember however, the change has already occurred as US commercial banks sit with over one trillion dollars in excess reserves collecting interest from the Federal Reserves. This has yet to be recognized by markets, central banks or economists.
The second scenario involves the use of Special Drawing Rights (SDRs) from the International Monetary Fund (IMF)! In this scenario the IMF is positioned to perform the two key functions of a true central bank - money creation and lender of last resort - using the SDR as its form of money under the direction of the G20 as its de facto board of governors. This would require an SDR bond market with public and private instruments and a network of primary dealers and derivatives must provide liquidity and leverage. More IOU's is obviously the wrong answer!
The third scenario is the most likely, chaos... the US and the EU bond bubbles pop! Everything that we've discussed in our Meet The War Criminals series will lead to a chaotic, catastrophic collapse of investor confidence resulting in emergency measures by governments to maintain some resemblance of a functioning system of money, trade, and investment. Bond buying by the Fed at this point will be seen as adding fuel to fire because the Fed prints money when it buys bonds - exactly what the market was troubled by in the first place. Moreover, the Fed has printed so much money and brought so many bonds before the panic that, for the first time, markets question the Fed's staying power. For once, the selling power of the panic outweighs the buying power of the Fed. The dollar collapse continues and US interest rates spike higher. By the end of day one, the Fed will no longer be spraying water on the "US financial fire" - it will be spraying gasoline with the completion of QE3.
However, everyone pleased be advised about the one outcome that is becoming more and more inevitable... the emergence of Cold War 2. We must realize now that everything we've discussed in our Meet The War Criminals series form the same foundations of US policy that created the Cuban Missile Crisis and the first Cold War. This time around however, the systematic debt generated by the US causing a failed financial system, the Global War on Terror and plans of a European Missile Defense System adds to the likelihood of US led crimes against humanity ending in Cold War 2. We will take an in depth look at the Global War on Terror, the European Missile Defense System, and the current Syrian Conflict in Part IV of Meet the War Criminals... "Time For War"! Until then, remember that Yulia Tymoshenko is in prison because of her efforts to bring to Europe a European and independent Ukraine. It is apparent that all of her troubles stem from a Europe that was getting along well inside of US led crimes against humanity. It's evident because advanced economies such as the EU don't just allow a gas bill to go unpaid in the heart of winter... without already having someone to blame in mind. Were we witnessing the EU's will to spread these crimes against humanity in the form of sexual assault into the Ukraine? Let's await for the European Courts of Human Rights to respond to get a clear answer!
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