Archive for December 2015
When articles about Peter Sutherland kept appearing in my email, I just could not ignore them.
I knew little about Sutherland, but it’s not hard to join the dots. He reminds me of Maurice Strong, but he is more “mainstream”.
Let’s start with this article from yesterday:
If ever there was an internationalist tour de force on steroids salivating as he anticipates the total ethnic destruction of Europe and the West to pave the way for the globalists’ wet dream utopia, it is surely Peter Denis Sutherland, a 69 year-old Irish international businessman.
His resumé in serving in a whole host of business and political roles, much of them revolving around globalization, is virtually too vast to list. Only a fairly brief summary can be given.
To begin with, he is credited with being “the father of globalization”. How’s that for starters?
And how predictable that he should be a staunch advocate of liberal immigration policies and mass immigration into the European Union, arguing that opposition to mass immigration and globalisation is “morally indefensible”.
Earlier this year, Sutherland was trotting out the same old wearisome, cliched rhetoric we’ve all heard from other Europe-destroyers about Europe not taking in enough immigrants.
In summary, the man has “white genocide” written all over him.
End of quote.
Then this one:
The EU should “do its best to undermine” the “homogeneity” of its member states, the UN’s special representative for migration has said.
Peter Sutherland told peers the future prosperity of many EU states depended on them becoming multicultural.
He also suggested the UK government’s immigration policy had no basis in international law.
He was being quizzed by the Lords EU home affairs sub-committee which is investigating global migration.
Mr Sutherland, who is non-executive chairman of Goldman Sachs International and a former chairman of oil giant BP, heads the Global Forum on Migration and Development , which brings together representatives of 160 nations to share policy ideas.
He told the House of Lords committee migration was a “crucial dynamic for economic growth” in some EU nations “however difficult it may be to explain this to the citizens of those states”.
An ageing or declining native population in countries like Germany or southern EU states was the “key argument and, I hesitate to the use word because people have attacked it, for the development of multicultural states”, he added.
“It’s impossible to consider that the degree of homogeneity which is implied by the other argument can survive because states have to become more open states, in terms of the people who inhabit them. Just as the United Kingdom has demonstrated.”
End of quote.
Sounds like the multiculturalism excuse for flooding Europe with refugees to you? It does to me, too.
So, what are some of his other connections? This from his own website:
Peter Sutherland is an Irish international businessman and former Attorney General of Ireland, associated with the Fine Gael party. He is a barrister by profession and is a Senior Counsel of the Irish Bar. He is also known for serving in a variety of international organisations, political and business roles. Mr. Sutherland is United Nations Special Representative of the Secretary General for Migration and Development. He has held this position since 2006 and was responsible for the creation of the Global Forum on Migration and Development. He is President of the International Catholic Migration Commission and a member of the Migration Advisory Board of the International Organisation for Migration.
End of quote. You can read his laundry list of roles, honorary degrees and all the rest for yourself.
But he has a couple of roles listed on that page that I find most interesting:
And there are others, but these show you this man is a serious insider for the global elite and will be peddling their agenda. He was seriously bought and paid for (if that was needed) a long time ago.
Here are the views of a fellow Irishman from 2012 entitled Sutherland’s Faustian Pact:
I’ve often wondered about the meteoric rise of Peter Sutherland. Now don’t get me wrong. He is an impressive guy. But really, his rise doesn’t make sense to me. Well, unless of course you factor in some very powerful assistance from the kind of people we talk about here. The shadowy figures behind the curtain.
Suds, as he’s known, began as a barrister in Dublin, where he stood for, and failed to achieve, elective office. Nonetheless he was appointed Attorney General in Garret FitzGerald’s first government. From there he was rapidly appointed (a political appointment) to the EU Commission. It was when he left that post that things really started to go stratospheric. In short order he became Chairman of BP, of one of the world’s largest companies and Chairman of Goldman Sachs International. Now, for a guy who never worked a day in his life in a normal job, that’s some going, isn’t it? And he’s gone from strength to strength from even those lofty posts. He’s on the steering committee of the Bilderberg Group and Chairman of the Trilateral Commission.
All I can say is, he must have sold his soul in a way that would make Mephistotopheles whoop with glee. He made some Faustian Pact along the way.
We’re told that he’s done wonderful things for Ireland, including paying for the Sutherland School of Law building at UCD (with his name plastered all over it). He wasn’t much help at all though when he was needed most, on that terrible night in September 2008. Future historians will mark it as the day an incompetent government, flailing around for a solution to the banking crisis, dumped all the banks’ debt on the Irish taxpayer, rather than allowing the unsecured bond-holders take the hit. Suds got quickly involved. He sternly warned the credulous oafs in the Government that applying a haircut to the bondholders would forever consign Ireland to the status of financial pariah. “It simply is not an option to choose” he intoned.
And Ireland, doing very nicely up till then, agreed to underwrite all the banksters’ debts, thereby consigning us to austerity into the foreseeable future. And of course as every schoolboy knows, defaults or haircuts can and do get forgiven all the time, with the defaulters coming back to the markets after a short period in purdah. As I pointed out here, this isn’t the first time Suds has been spectacularly wrong. But hey!, when did that ever make a difference. Meanwhile, with his multiple passports and tax exile status, the multi-millionaire (billionaire?) continues to soak the Irish taxpayer in the form of his generous index-linked AG pension.
Now as many of you have noted, he’s at it again. In his latest gig as the UN’s special representative for migration he insists that the EU should “do its best to undermine” the “homogeneity” of its member states. . Er, Suds, it’s already doing that my boy. To the best of its ability. Been doing it for decades in fact. Mass immigration, we learn from Suds, represents a “crucial dynamic for economic growth, however difficult it may be to explain this to the citizens of those states.” Amazing. So engulfing Europe with untold millions of illiterate Africans and mad-eyed Muslims is essential to our prosperity. Who could have imagined?
What a whore. What a fat, guzzling, grasping unprincipled whore.
End of quote.
No love lost there.
And it’s hard to check his genealogy, which always make me suspicious. He’s listed as Irish.
But we can see he’s a serious globalist, for whom the path has been well greased. Blessed from a young age.
And getting an article in the Jewish Business News is a pointer to consider…
Just the man we should rely upon for counsel on European immigration, refugee issues and multiculturalism, wouldn’t you say?
This article discusses the now very obvious plan to dumb down the population whilst keeping them longer and longer in school at higher and higher final student debt levels:
In Crimes of the Educators: How Utopians Are Using Government Schools To Destroy America’s Children, authors Sam Blumenfeld and Alex Newman reveal that the decline in literacy is part of a plan to establish tyranny by knowingly dumbing down the population, a mission closer to success than ever before with “Common Core.”
I try to not overwhelm my posts with the financial stuff, but it’s becoming so clear and so pre-planned that we all need to take stock. In my opinion, what is coming this time will make 2008 look like a Sunday school picnic. The 2008 GFC cleaned all of the government resources out and gave it to the banks. So, there are no reserves left in the system. Nothing to soften the blow.
I post this article in full:
Just within the past few days, three major high yield funds have completely imploded, and panic is spreading rapidly on Wall Street. Funds run by Third Avenue Management and Stone Lion Capital Partners have suspended payments to investors, and a fund run by Lucidus Capital Partners has liquidated its entire portfolio. We are witnessing a race for the exits unlike anything that we have seen since the great financial crash of 2008, and many of those that choose to hesitate are going to end up getting totally wiped out. In case you are wondering, this is what a financial crisis looks like. In 2008, other global stock markets started to tumble, then junk bonds began to crash, and finally U.S. stocks followed. The exact same pattern is playing out again, and the carnage that we have seen so far is just the tip of the iceberg.
Since the end of 2009, a high yield bond ETF that I watch very closely known as JNK has been trading in a range between 36 and 42. I have been waiting all this time for it to dip below 35, because I knew that would be a sign that the next major financial crisis was imminent.
In September, it closed as low as 35.33 at one point, but that was not the signal that I was looking for. Finally, early last week JNK broke below 35 for the very first time since the last financial crisis, and since then it has just kept on falling. As I write this, JNK has plummeted all the way to 33.42, and Bloomberg is reporting that many bond managers “are predicting more carnage for high-yield investors”…
Top bond managers are predicting more carnage for high-yield investors amid a market rout that forced at least three credit funds in the past week to wind down.
Lucidus Capital Partners, a high-yield fund founded in 2009 by former employees of Bruce Kovner’s Caxton Associates, said Monday it has liquidated its entire portfolio and plans to return the $900 million it has under management to investors next month. Funds run by Third Avenue Management and Stone Lion Capital Partners have stopped returning cash to investors, after clients sought to pull too much money.
When it says that those firms “have stopped returning cash to investors”, what that means is that many of those investors will be lucky to get pennies on the dollar when it is all said and done.
Like I said, now that the crisis has started, the ones that are going to lose the most are those that hesitate.
And just check out some of the very big names that are “warning of more high-yield trouble ahead”…
Scott Minerd, global chief investment officer at Guggenheim Partners, predicts 10 percent to 15 percent of junk bond funds may face high withdrawals as more investors worry about getting their money back. He joins money managers Jeffrey Gundlach, Carl Icahn, Bill Gross and Wilbur Ross in warning of more high-yield trouble ahead.
In this type of environment, the Federal Reserve would have to be completely insane to raise interest rates.
Unfortunately, that appears to be exactly what is going to happen.
If the Fed raises rates, that is going to make corporate debt defaults even more likely and will almost certainly drive high-yield bonds down even further…
Higher rates could make corporate bond defaults more likely and investors are already bailing out of the sector, pulling $3.8 billion out of high-yield funds in the week ended December 9, the biggest move in 15 weeks. The effective yield on U.S. junk bonds is now 17 percent, the highest level in five years, according to Bank of America Merrill Lynch data.
A whole host of prominent names are warning that the Fed is about to make a tragic mistake. One of them is James Rickards…
“The Fed should have raised interest rates in 2010 and 2011 and if they did that they would actually be in a position to cut them today,” said James Rickards, a central bank critic and chief global strategist at West Shore Funds. “The Fed is on the brink of committing a historic blunder that may rank with the mistakes it made in 1927 and 1929. By raising into weakness, they will likely cause a recession.”
In 2015, we have already seen stocks crash all over the globe. Coming into December, more than half of the 93 largest stock market indexes in the world were down more than 10 percent year to date, and some of them were down by as much as 30 or 40 percent. At this point, conditions are absolutely perfect for a frightening collapse of U.S. markets, and the Federal Reserve is about to pour gasoline on to the fire.
Anyone that says that “nothing is happening” is either completely misinformed or is totally crazy.
I like how James Howard Kunstler summarized what we are currently facing…
Equities barfed nearly four percent just last week, credit is crumbling (nobody wants to lend), junk bonds are tanking (as defaults loom), currencies all around the world are crashing, hedge funds can’t give investors their money back, “liquidity” is AWOL (no buyers for janky securities), commodities are in freefall, oil is going so deep into the sub-basement of value that the industry may never recover, international trade is evaporating, the president is doing everything possible in Syria to start World War Three, and the monster called globalism is lying in its coffin with a stake pointed over its heart.
The financial markets held together far longer than many people thought that they would, but now they are finally coming apart at the seams.
Moving forward, the “winners” are going to be the people that pull their money out the fastest. This is especially true for high risk funds like the three that just imploded. If you hesitate, you could end up losing everything.
And as this rush for the exits accelerates, sellers are going to greatly outnumber buyers, and this is going to push prices down at a very rapid pace. We are going to hear a lot about a “lack of liquidity” in the days ahead, but the truth is that what we will really be looking at is a good old-fashioned panic.
End of quote.
If the Fed raises US interest rates tomorrow, you will know it’s a planned trigger. Remember who owns and directs the Fed – the Rothschilds and their cohorts. So, the Fed doesn’t sneeze without their say so. This freight train is gathering pace, and the best we can do is get out of its road as best we can. Life after it crashes is going to be different. I can only guess at how different. Many businesses – indeed, many industries – as we know them will be gone.
And it’s only one of the current games in play.