Archive for September 2015

James Corbett’s 9/11 spoof

Thank you for the reminder, Molly.

James Corbett’s wonderful spoof on the 9/11 fiasco is worth an annual revisit and five minutes of your time – especially if you still cling to the official story…

A Major Bank Just Made Global Financial “Meltdown” Its Base Case: “The Worst The World Has Ever Seen”

This Zero Hedge article suggests the global meltdown stakes and likelihood are greater than heretofore recognised:

When it comes to the epic bubble in China’s economy, it really boils down to one – or rather two – things: a vast debt build up (by now everybody should be familiar with McKinsey’s chart showing China’s consolidated debt build-up) leading to a just as vast build-up of excess capacity, also known as capital stock accumulation. And/or vice versa.

It is how China resolves this pernicious, and self-reinforcing feedback loop, that is a far greater threat to the global economy than even what happens to China’s bad debt (China NPLs are currently realistically at a 10-20% level of total financial assets) or whether China successfully devalues its currency without experiencing runaway capital flight and a currency crisis.

One bank that is now less than optimistic that China can escape a total economic meltdown is the Daiwa Institute of Research, a think tank owned by Daiwa Securities Group, the second largest brokerage in Japan after Nomura.

Actually, scratch that: Daiwa is downright apocalyptic.

In a report released on Friday titled “What Will Happen if China’s Economic Bubble Bursts“, Daiwa – among other things – looks at this pernicious relationship between debt (and thus “growth”) and China’s capital stock.  This is what it says:

The sense of surplus in China’s supply capacity has been indicated previously. This produces the risk of a large-scale capital stock adjustment occurring in the future.

 Chart 6 shows long-term change in China’s capital coefficient (= real capital stock / real GDP). This chart indicates that China’s policies for handling the aftermath of the financial crisis of 2008 led to the carrying out of large-scale capital investment, and we see that in recent years, the capital coefficient has been on the rise. Recently, the coefficient has moved further upwards on the chart, diverging markedly from the trend of the past twenty years. It appears that the sense of overcapacity is increasing.

 Using the rate of divergence from past trends in the capital coefficient, we can calculate the amount of surplus in real capital stock. This shows us that as of the year 2013, China held a surplus of 19.4 trillion yuan in capital stock (about 12% of real capital stock).

 Since China is a socialist market economy, they could delay having to deal directly with the problem of capital stock surplus for 1-2 years through fiscal and financial policy. However, there is serious risk of a large-scale capital stock adjustment occurring in the mid to long-term (around 3-5 years).

End of quote.

Click here for the rest of the article.

Chip Tatum: Black Ops Interview with Ted Gunderson

This interview from 1998 reveals details of CIA and US black ops that you are unlikely to across elsewhere – unless you go to Chip Tatum’s website. This is because a judge ruled that the information he was sharing was not deemed a matter of National Security. Unless you have been on the inside of things or you have read about it, you will not appreciate how deeming something a matter of National Security is a widely used mechanism for shutting down so much that should be public knowledge and hides many crimes of those in power in the United States.

I quote from the YouTube page:

Gene “Chip” Tatum was a Vietnam Special Forces Air Combat Controller, Defense Intelligence Asset, and US Army special operations pilot flying classified missions during the US invasion of Grenada, Tatum was also involved in the Nixon Administrations relations with China, NASA’s Apollo Program, the Iran Contra Affair, and several other classified intelligence operations dating through 1992 . Tatum was a member of the ultra-secret, international G7 run Pegasus “Hit Team” working directly for the sitting President. From sensitive and highly secret – and hitherto largely unknown – Special Forces covert operations in Cambodia, to wandering CIA asset, through to “black ops” activities in Grenada and Oliver North’s Iran-Contra “Enterprise,” and on to membership in an international “hit team,” Gene “Chip” Tatum has seen it all, done it all and is now telling it all. Tatum knows where the skeletons are buried. Above all he is aware that his testimony implicates serving and former US Presidents, plus a whole list of high government officials, and others, in a welter of nefarious activities – including assassination, blackmail, coercion, gun-running, money-laundering and Cocaine trafficking. Tatum, a lanky Floridian, turned whistle-blower following his arrest on a treason charge in 1995. The charge was both astonishing and patently ludicrous and resulted in a flurry of press interest with an article appearing in the Tampa Tribune on 4 May 1996. Incredibly, the charge was later dropped to be replaced by a fraud charge – a drastic step-down. Found guilty after his government appointed attorney refused to call any defense witnesses ,he was sentenced to serve a 15 month sentence.

End of quote.

It’s clear the reason Tatum is still alive (Gunderson is not) is because he recorded many meetings and events he was involved in, including drug running for American Presidents, Vice Presidents, CIA heads and Arkansas Governors, and he has placed key evidence to be released if he dies.

He published a lot of information in The Tatum Chronicles.

Quite an interview.

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