A.R.M. - American Resistance Movement

If you are a patriot or one who has sworn an oath to protect the constitution against all enemies, foreign and domestic....this is for you!

The American Resistance Movement (ARM) is an non-hierarchical, distributed (leaderless) movement that works tirelessly towards the goals of liberty, freedom and a government restrained by the constitution.

The ARM is based on the idea that there is strength in unity and power by association. We work to defend liberty, freedom the Constitution and to reform government so that it is restrained by our Constitution.

To achieve these goals, the ARM is devoted to networking patriots with like minded groups and organizations who champion freedom, liberty and our Constitution.

http://www.theamericanresistancemovement.com/about.php

November 3, 2009 - In a year of job losses, foreclosures and bag lunches, Americans have spent record-breaking amounts of money on guns and ammunition. The most obvious sign of their demand: empty ammunition shelves.

At points during the past year, bullets have been selling faster than factories could make them.

Gun owners have bought about 12 billion rounds of ammunition in the past year, industry officials estimate. That’s up from 7 billion to 10 billion in a normal year.

In between, in the 12 months since last October, gun shops sold enough bullets to give every American 38 of them.

“I think it’s Katrina. I think it’s terrorism. I think it’s crime. And I also think that it’s people worrying about [whether] they’ll be attacked by politicians,” said Wayne LaPierre, executive vice president of the National Rifle Association. “They’re suspicious, and justifiably so.”

http://www.federalobserver.com/2009/11/03/bullets-are-speeding-faster-out-of-gun-shops-in-u-s/

This is the battle! The enemy is the New World Order and its religious front, The New Age Movement. Get involved in a local militia....start a local militia. Read your bible! Read your Constitution! Get prepared!

No matter what happens, from now on, it's going to be happening FAST and it promises to be both intense and interesting.

http://cumbey.blogspot.com/2009/11/european-lisbon-treaty-is-ratified.html

Other resources:

http://oathkeepers.org/oath/

http://www.threepercenter.org/index.php

http://www.americanresistancemovement.com/

http://freedomfighterradio.net/

http://www.uaff.info/mainframe.htm

http://www.quikmaneuvers.com/index.html

http://www.hermes-press.com/world_resistance.htm

http://gunnyg.wordpress.com/

http://peopleforfreedom.com/









Exercise your Constitutional right....join a local militia....or create one!

War is an ugly thing but not the ugliest of things; the decayed and degraded state of moral and patriotic feelings which thinks that nothing is worth war is much worse. A man who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself.

— John Stuart Mill

http://www.constitution.org/mil/cs_milit.htm

Paperwork

http://www.constitution.org/mil/tmp.htm

OPERATION GARDEN PLOT

Operation Garden Plot is a general U.S. Army and National Guard plan to respond to major domestic civil disturbances within the United States. The plan was developed in response to the civil disorders of the 1960s and is now under the control of the U.S. Northern Command (NORTHCOM). It provides Federal military and law enforcement assistance to local governments during times of major civil disturbances.

It defines tax protesters, militia groups, religious cults, and general anti-government dissenters as terrorists. It calls for deadly force to be used against any extremist or dissident perpetrating any and all forms of civil disorder. (Annex A, section b of Operation Garden Plot)

Garden Plot was last activated (as Noble Eagle) to provide military assistance to civil authorities following the September 11, 2001 attacks on the United States. The Pentagon also activated it to restore order during the 1992 Los Angeles Riots.

Under Homeland Security restructuring, it has been suggested that similar models be followed.

"Oversight of these homeland security missions should be provided by the National Guard Bureau based on the long-standing Garden Plot model in which National Guard units are trained and equipped to support civil authorities in crowd control and civil disturbance missions." Testimony of Major General Richard C. Alexander, ANGUS (Ret.), Executive Director, National Guard Association of the United States, Senate Appropriations Committee Hearing on Homeland Defense, April 11, 2002[1]

http://en.wikipedia.org/wiki/Operation_Garden_Plot

Operation Garden Plot is a subprogram of Rex 84 Program, which "was established on the reasoning that if a 'mass exodus' of illegal aliens crossed the Mexican/US border, they would be quickly rounded up and detained in detention centers by FEMA. Rex 84 allowed many military bases to be closed down and to be turned into prisons."

http://www.sourcewatch.org/index.php?title=Operation_Garden_Plot

Under the heading of "civil disturbance planning", the U.S. military is training troops and police to suppress democratic opposition in America. The master plan, Department of Defense Civil Disturbance Plan 55-2, is code-named, "Operation Garden Plot". Originated in 1968, the "operational plan" has been updated over the last three decades, most recently in 1991. The plan was activated during the Los Angeles "riots" of 1992, and more than likely during the recent anti-WTO "Battle in Seattle."

Current U.S. military preparations for suppressing domestic civil disturbance, including the training of National Guard troops and police, are part of a long history of American "internal security" measures dating back to the first American Revolution. Generally, these measures have sought to thwart the aims of social justice movements, embodying the concept that within the civilian body politic lurks an enemy that one day the military might have to fight, or at least be ordered to fight.

Equipped with flexible "military operations in urban terrain" and "operations other than war" doctrine, lethal and "less-than-lethal" high-tech weaponry, US "armed forces" and "elite" militarized police units are being trained to eradicate "disorder", "disturbance" and "civil disobedience" in America. Further, it may very well be that police/military "civil disturbance" planning is the animating force and the overarching logic behind the incredible nationwide growth of police paramilitary units, a growth which coincidentally mirrors rising levels of police violence directed at the American people, particularly "non-white" poor and working people.

Military spokespeople, "judge advocates" (lawyers) and their congressional supporters aggressively take the position that legal obstacles to military involvement in domestic law enforcement civil disturbance operations, such as the 1878 Posse Comitatus Act, have been nullified. Legislated "exceptions" and private commercialization of various aspects of U.S. military-law enforcement efforts have supposedly removed their activities from the legal reach of the "public domain". Possibly illegal, ostensible "training" scenarios like the recent "Operation Urban Warrior" no-notice "urban terrain" war games, which took place in dozens of American cities, are thinly disguised "civil disturbance suppression" exercises. Meanwhile, President Clinton recently appointed a "domestic military czar", a sort of national chief of police. You can bet that he is well versed in Garden Plot requirements involved in "homeland defense".

Ominously, many assume that the training of military and police forces to suppress "outlawed" behavior of citizens, along with the creation of extensive and sophisticated "emergency" social response networks set to spring into action in the event of "civil unrest", is prudent and acceptable in a democracy. And yet, does not this assumption beg the question as to what civil unrest is? One could argue for example, that civil disturbance is nothing less than democracy in action, a message to the powers-that-be that the people want change. In this instance "disturbing behavior" may actually be the exercising of ones' right to resist oppression. Unfortunately, the American corporate/military directorship, which has the power to enforce its' definition of "disorder", sees democracy as a threat and permanent counter-revolution as a "national security" requirement.

The elite military/corporate sponsors of Garden Plot have their reasons for civil disturbance contingency planning. Lets' call it the paranoia of the thief. Their rationale is simple: self-preservation. Fostering severe and targeted "austerity", massive inequality and unbridled greed, while shifting more and more billions to the generals and the rich, the de-regulated "entities of force" and their interlocking corporate directors know quite well what their policies are engendering, namely, a growing resistance.

Consequently, they are systematically organizing to protect their interests, their profits, and their criminal conspiracies. To this end, they are rapidly consolidating an infrastructure of repression designed to "suppress rebellion" against their "authority". Or more conveniently put, to suppress "rebellion against the authority of the United States." And so, as the Pentagon Incorporated increases its¹ imperialist violence around the world, the chickens have indeed come home to roost here in America in the form of a national security doctrine obsessed with domestic "insurgency" and the need to pre-emptively neutralize it. Its' code-name: "Garden Plot".

Recently, Pentagon spokesman Kenneth H. Bacon "acknowledged that the Air Force wrongfully started and financed a highly classified, still-secret project, known as a black program without informing Congress last year." The costs and nature of these projects "are the most classified secrets in the Pentagon."(1) Could it be that the current United States Air Force Civil Disturbance Plan 55-2 Garden Plot is one such program financed from this secret budget? We have a right to know. And following Seattle, we have the need to know.

As this and numerous other documents reveal, U.S. military training in civil disturbance "suppression", which targets the American public, is in full operation today. The formulation of legitimizing doctrine, the training in the "tactics and techniques" of "civil disturbance suppression", and the use of "non-lethal" weaponry, are ongoing, financed by tax dollars. The overall operation is called Garden Plot. And according to the bosses at the Pentagon, "US forces deployed to assist federal and local authorities during times if civil disturbanceŠwill follow use-of-force policy found in Department of Defense Civil Disturbance Plan-Garden Plot." (Joint Chiefs of Staff, Standing Rules of Engagement, Appendix A, 1 October 1994.)

http://whatreallyhappened.com/WRHARTICLES/suppression.html

Morales wrote the above prior to September 11, 2001, before “everything changed.” Since 9/11. the government has enacted a number of draconian laws to complement Operation Garden Plot, most notably the Patriot Act, the John Warner Defense Authorization Act of 2007, and the Military Commissions Act. On May 9, 2007, George W. Bush signed PDD 51 into law. The directive allows the president to declare a national emergency and take total control over the government and the country, bypassing all other levels of government at the state, federal, local, territorial and tribal levels, and thus assume total and unprecedented dictatorial power.

http://www.infowars.com/operation-garden-plot-documents-published/

The "application of forces should be in the following order: local and state police, Army and (in support role) Air National Guard under State control, Federal civil law enforcement officials, federal military forces to include Army and (in support role) Air National Guard." According to the plan, "State Adjutants General prepare civil disturbance plans for the employment of National Guard units under state control." Specifically, "as a general rule for planning purposes, the minimum forces to be supported in any single objective area is 5,000. The maximum to be supported is 12,000 for any objective area other than Washington, DC and 18,000 for Washington, DC." The "objective areas" are "those specified by the Presidential Proclamation and Executive Order in which the Secretary of Defense has been directed to restore law and order", and as "further defined by the Letter of Instruction issued to Task Force Commanders by the Chief of Staff, US Army."

In order to avoid the unseemly implications of "martial law", "requirements for the commitment of Federal military forces will not result in the declaration of a National Emergency". In this regard, the "Public Affairs Objectives" include the development of "procedures for the public release of appropriate information regarding civil disturbance control operations." Media and other queries "concerning employment of control forces may be locally answered by an interim statement that the: Department of Defense policy is not to comment on plans concerning the possible employment of military units and resources to carry out assigned missions."

Concerning "Force Requirements", the plan states that, "US Army and Marine Corps units designated for civil disturbance operations will be trained, equipped and maintained in readiness for rapid deployment, (with) ten brigades, prepared for rapid deployment anywhere in CONUS. A Quick Reaction Force (QRF) will be considered to be on a 24 hour alert status and capable of attaining a CIDCON 4 status in 12 hours " Upon receipt of orders, "the Task Force Commander assumes operational control of the military ground forces assigned for employment in the objective area", including "specials operations assets." In case the soldiers are unfamiliar with "urban terrain", the "Defense Mapping Agency Topographic Center provides map services in support of civil disturbance planning and operations."

The "Summary of the Counterintelligence and Security Situation" states that "spontaneous civil disturbances which involve large numbers of persons and/or which continue for a considerable period of time, may exceed the capacity of local civil law enforcement agencies to suppress. Although this type of activity can arise without warning as a result of sudden, unanticipated popular unrest (past riots in such cities as Miami, Detroit and Los Angeles serve as examples) it may also result from more prolonged dissidence." USAF Garden Plot advises that "if military forces are called upon to restore order, they must expect to have only limited information available regarding the perpetrators, their motives, capabilities, and intentions. On the other hand, such events which occur as part of a prolonged series of dissident acts will usually permit the advance collection of that type of information "

The United States Army Training and Doctrine Command (TRADOC), "provides training programs and doctrine for civil disturbance operations to military services." The US Army Force Command (FORSCOM), "organizes, trains, and maintains in readiness Army forces for civil disturbance operations", while the Director of Military Support (DOMS), "conducts, on a no-notice basis, exercises which direct headquarters of uniformed services, appropriate CONUS command, and other DOD components, having GARDEN PLOT responsibilities to assume a simulated increased preparedness for specified forces." In addition, the DOMS, "maintains an around-the-clock civil disturbance command center to monitor incipient and on-going disturbances."

The document, the United States Air Force s "implementing plan" for the US Army s Civil Disturbance Plan 55-2, Garden Plot, goes on to detail every aspect of military "suppression" of "rebellion against the authority of the United States", including who pays, who bills and how to secure "loans" to cover the costs "attributable to GARDEN PLOT." Ominously, under "Resources Employed Without Presidential Directive", the document states that when the "immediate employment of military resources is required in cases of sudden and unexpected civil disturbances or other emergencies endangering life or federal property, or disrupting the normal processes of Government, expenses incurred will be financed as a mission responsibility of the DOD component employing the military resources."

http://cryptome.org/garden-plot.htm

[Acquired via a circuitous route from the Internet. Sources have been deleted to protect their identity. Thanks to the tireless work of you guys out there. If the guy(s) who gathered this great scoop wish to be identified, please email me. Forest ]

The United States Civil Disturbance Plan 55-2


The following information was obtained under the Freedom of Information Act. The original printing was of June 1, 1984. The information herein is UNCLASSIFIED and does not come within the scope of directions governing the protection of information affecting the national security.

It took a little more than three years to obtain a full copy of Operation Garden Plot from the U.S. Government, and was done so under the freedom of information act for unclassified documents. The implications within the full context of this document should make the hair on the back of your head stand on end!!!!!

In this document signed by the Secretary of the Army, is hereby assigned as DOD Executive Agent for civil disturbance control operations. Under Plan 55-2 he is to use airlift and logistical support, in assisting appropriate military commanders in the 50 states, District of Columbia, and the Commonwealth of Puerto Rico and US possessions and territories, or any political subdivision thereof.

The official name of this project is called "Operation Garden Plot."

Under this plan for the deployment of Operation Garden Plot, the use of CIDCON-1 will be mandatory. This direct support of civil disturbance control operations is to be used by the Army, USAF, Navy, and Marine Corp. with an airlift force to be comprised of MAC Organic Airlift Resources, airlift capable aircraft of all other USAF major commands, and all other aerial reconnaissance and Airborne Psychological Operations. This is to include control communications systems, aeromedical evacuation, helicopter and Weather Support Systems.

If any civil disturbance by a resistance group, religious organization, or other persons considered to be non-conformist takes place, under Appendix 3 to Annex B of Plan 55-2 hereby gives all Federal forces total power over the situation if local and state authorities cannot put down said dissenters.

Annex A, section B of Operation Garden Plot defines tax protesters, militia groups, religious cults, and general anti-government dissenters as Disruptive Elements. This calls for the deadly force to be used against any extremist or dissident perpetrating any and all forms of civil disorder.

Under section D, a Presidential Executive Order will authorize and direct the Secretary of Defense to use the Armed Forces of the United States to restore order.

2 TAB A APPENDIX 1 TO ANNEX S USAF CIVIL DISTURBANCE PLAN 55-2 EXHIBIT POR:SGH, JCS Pub 6, Vol 5, AFR 160-5 hereby provides for America's military and the National Guard State Partnership Program to join with United Nations personal in said operations. This links selected U.S. National Guard units with the Defense Ministries of "Partnership For Peace." This was done in an effort to provide military support to civil authorities in response to civil emergencies.

Under Presidential Decision Directive No. 25, this program serves to cement people to relationships between the citizens of the United States, and the global military of the UN establishments of the emerging democracies of Central and Eastern European countries. This puts all of our National Guardsmen under the direct jurisdiction of the United Nations.

Section 3:
This plan could be implemented under any of the following situation:

(1) Spontaneous civil disturbances which involve large numbers of persons and/or which continue for a considerable period of time, may exceed the capacity of local civil law enforcement agencies to suppress. Although this type of activity can arise without warning as a result of sudden, unanticipated popular unrest (past riots), it may also result from more prolonged dissidence.

This would most likely be an outgrowth of serious social, political or economic issues which divide segments of the American population. Such factionalism could manifest itself through repeated demonstrations, protest marches and other forms of legitimate opposition but which would have the potential for erupting into spontaneous violence with little or no warning.

(2) Planned acts of violence or civil disobedience which, through arising from the same causes as (1) above, are seized upon by a dedicated group of dissidents who plan and incite purposeful acts designed to disrupt social order.

This may occur either because leaders of protest organizations intentionally induce their followers to perpetrate violent acts, or because a group of militants infiltrates an otherwise peaceful protest and seeks to divert it from its peaceful course.

Subsection C: (2) Environmental satellite products will be continue to be available. (d) Responsibilities. Meteorological support to civil disturbance operations will be arranged or provided by AWS wings.

The 7th. Weather Wing (7WW) is responsible for providing / arranging support for Military Airlift Command (MAC) airlift operations. The 5th Weather Wing (5WW) is responsible for supporting the United States Army Forces Command.

(3) SITUATION. Civil disturbance may threaten or erupt at any time in the CONUS and grow to such proportions as to require the use the Federal military forces to bring the situation under control.

A flexible weather support system is required under control. A flexible weather support system is required to support the many and varied options of this Plan.

ANNEX H: XXOW, AWSR 55-2, AWSR 23-6, AFR 23-31, AR 115-10, AFR 105-3.

Subsection B:

Concept of Environmental Support. Environmental support will be provided by elements of Air Weather Service (AWS) in accordance with refs a-f. The senior staff meteorologist deployed int the Task Force Headquarters (TFH) will be the staff weather officer (SWO) to the TFH.

Centralized environmental support products are requested in accordance with AWSR 105-18. (4) Weather support is provided by weather units located at existing CONUS bases or by deployed SWOs and / or weather teams to the objective areas.

(5) Support MAC source will be provide in accordance with the procedures in MARC 103-15. MAC forces will be provided in accordance with the procedures in AFR 105-3.

(a) Air Force Global Weather Central: Provides centralized products as requested.

REFERENCES : JCS Pub 18 - Doctrine for Operations Security AFR 55-30, Operations Security

1. GENERAL Opposition forces or groups may attempt to gain knowledge of this plan and 'use that knowledge to prevent or degrade the effectiveness of the actions outlined in this plan. In order to protect operations undertaken to accomplish the mission, it is necessary to control sources of information that can be exploited by those opposition forces or groups.

OPSEC is the effort to protect operations by identifying and controlling intelligence indicators susceptible to exploitation. The objective of OPSEC, in the execution of this plan, is to assure the security of operations, mission effectiveness, and increase the probability of mission success.

2. RESPONSIBILITY FOR OPERATIONS SECURITY (OPSEC):

The denial of information to an enemy is inherently a command responsibility. However, since the operations Officer at any level of command is responsible to his commander for the Overall planning and execution of operations, he has the principal staff interest in assuring maximum protection of the operation and must assume primary responsibility instibility for ensuring that the efforts of all other staff elements are coordinated toward this
end. However, every other individual associated with, or aware of, the operation must assist in safeguarding the security of the operation.

3. OBJECTIVES:

a. The basic objective of OPSEC is to preserve the security of friendly forces and thereby to enhance the probability of successful mission accomplishment. "Security" in this context relates to the protection of friendly forces. It also includes the protection of operational information to prevent degradation of mission effectiveness through the disclosure of prior knowledge of friendly operations to the opposition.

b. OPSEC pervades the entire planning process and must be a matter of continuing concern from the conception of an operation, throughout the preparatory and execution phases, and during critiques, reports, press releases, and the like conducted during the post operation phase.

4. Specific operations orders and standard operating procedures "MUST be developed with the awareness that the opposition may be able to identify and exploit vulnerable activities.

Reference Material:

Released under Freedom of Information Act on March 30th, 1990. All material presented here has been declassified and supersedes USAD Operations Plan 355-10 of July 16, 1973. Information released by USAF under supervision of Alexander K. Davidson, BRIG. GEN, USAF, Dep. Director of Operations.

APPENDEX 5 TO ANNEX E TO USAF CIVIL DISTURBANCE PLAN 55-2 Annex Z. Other References: 10 United States Codes 331,332,333,8500,1385, MARC 105-1, MARC 105-18, AR 115-10, AFR 105-3, PDD-25.

http://www.uhuh.com/control/garden.htm

US Insolvency

11-3-2009 Update...

This was in a morning note from AAron Kohli of RBS and I thought it worthy of reproduction here. I can not reproduce the chart he referenced. I also visited the Saint Louis Fed website and could notlocate more detail.

“Turning now to an announcement that caught our eye yesterday, the St. Louis Fed stated that they were concerned about Option Arm and Alt-A loan delinquency rates. I am too. Attached is a chart of delinquencies in the Option ARM universe. The key takeaway from this chart is that low rates have allowed some borrowers in this type of loan to make the minimum payment and still cover at least a part of their principal or delay the time till they reach their negative amortization cap. Despite that fact, delinquencies have moved steadily higher with the 30 day + delinquency now reaching close to 50% of all outstanding Option Arms. If our economists are right about the size and timing of the Fed Funds rate hike (approx. 1% per quarter starting in Q2 next year), the impact on borrowers of these types of loans could be very significant. Those who are slightly delinquent or barely holding on could see their payments move substantially higher with the impact possible late next year.”

http://acrossthecurve.com/?p=9779

"In case you failed to catch it in our previous articles this year, we thought we’d state it outright for our readers this month: the United States Government is on a trajectory to default on their obligations. In its current financial condition, it will not be able to fund its forecasted budget deficits and unfunded Social Security and Medicare promises on top of its current debt obligations. This isn’t official yet, and we don’t know when the market will react to it, but there is no longer any doubt about the extent of their trajectory. There simply isn’t enough taxing power, value creation or outside capital willing to support its egregious spending...

The projected US deficit from 2009 to 2019 is now slated to be almost $9 trillion dollars. How on earth does anyone expect them to raise this capital? As we stated in a previous article, in order to satisfy US capital requirements, all existing investors would have had to increase their US bond purchases by 200% in fiscal 2009. Foreigners, however, only increased their purchases by a mere 28% from September 2008 to July 2009 - far short of what the US government required. The US taxpayer can’t cover the difference either. According to recent estimates, tax revenue from all sources would have to increase by 61% in order to balance the 2010 fiscal budget. Given that State government income tax revenues were down 27.5% in the second quarter, the US government will be lucky just to maintain its current level of tax revenue, let alone increase it.

The bottom line is that there is serious cause for concern here – and don’t be fooled into thinking this crisis will fix itself when (and if) the economy recovers. Just how bad is it?..." Sprott Asset Management

http://jessescrossroadscafe.blogspot.com/2009/11/ladies-and-gentlemen-united-states-of.html

In principle, we couldn't agree more with Dr. Doom. In practice, we think Roubini is only half way there, implying that the swift reversal will be even uglier (and swifter) than even Nouriel thinks possible. By that, we refer to our analysis of BIS estimates of dollar-denominated duration funding mismatches. Observant readers will recall that this number was estimated as large as $6.5 trillion shortly before Lehman. While the number (hopefully) has declined in the past year, the primary reason why the Fed took on over half a trillion in FX liquidity swaps with foreign banks had precisely to do with providing a near-term dollar-based funding source. And this was the point we made in our previous piece: while it is true that on one hand the global economic system is now faced with a potential massive dollar short squeeze, the fundamental maturity mismatch problems are still endemic to the international system. Simply said, dollar unwind risks are based on both a short squeeze as well as another unsecured/FX swap market implosion, most likely in some form of vicious circle.

Curiously, none other than the NY Fed came out with a research piece, subsequent to Zero Hedge publishing its thoughts, entitled "The Global Financial Crisis and Offshore Dollar Markets" in which it essentially recapped our salient points regarding the inception (but not the consequences) of a predominantly dollar-denominated asset holding philosophy.

http://www.zerohedge.com/article/roubini-dollar-carry-reversal-and-why-he-only-half-way-there

When Lehman Brothers filed for bankruptcy, traditional money repositories, previously considered safe, were all promptly abandoned by investors unsure if they will have access to capital the next day. As a result, money markets, repos, even savings and deposit accounts were plundered in what has been the closest equivalent of a 21st century run on the bank. The only safe venue became US Treasury Bills, as almost overnight nearly half a trillion in very near maturities were invested in the US as the last perceived safe repository of investor capital.

The rush for near-term safety ended up creating a historic precedent of negative yields on near-term Bills: investors were willing to pay the government to hold their money for them.

So where do we stand a year later?

One would expect that as the financial situation improved, and credit was unlocked, that investors would abandon the safety of low-yielding Bills and pursue risk. Ironically, not only has this not happened, but in the 12 months since October 2008, over half a trillion more, $560 billion to be exact, has been parked in T-Bills. Looking at the entire treasury curve, over 40% of the $7 trillion in marketable treasury securities, matures within one year, a dramatic increase from the roughly 30% a year prior.

Practically every monthly period has seen an increase in T-Bill allocation by investors. This is a troubling trend.

But before we get into the details of what potential problems this may bring to the US, as the funding mismatch accelerates, this is how the entire curve of marketable securities looked like as of the most recent available data. As noted previously, over 40% of the entire $7 trillion in marketable securities matures essentially within one year.

The bigger threat is one of asset-liability maturity mismatch. As the assets on the US balance sheet become increasingly long-dated, courtesy of QE, and locking in record low rates, US liabilities in turn have shortened their duration to a record level. Almost $3 trillion in US debt will have to be rolled by the end of 2010. If realistic inflation expectations are any indication, all hopes of getting comparable interest terms on these securities once refinancing time rolls around, will be promptly dashed (we are not saying inflation is inevitable, even with QE 2.0 around the corner). Yet for all who claim inflation is a good thing, the one security that will be hit the most and the fastest will be precisely the T-bill universe, once all the curve steepeners already in place unwind very, very quickly. The result would be a major spike in interest expense payments by the government. The chart below presents the historical annual interest expense on all USTs by year. 2009 will be the first year in which the interest expense alone will be over half a trillion dollars (Zero Hedge estimates).

http://www.zerohedge.com/article/observations-us-governments-escalating-near-term-funding-mismatch

Note that sweeps data is seldom less than two months old. I have no idea why it takes the Fed 2-3 months to post this data. I suppose we should be grateful they publish it at all. For the missing months, we simply extrapolate forward.

A quick look shows that nearly $800 billion dollars that should be in checking accounts is missing in action. Money, supposedly available on demand, is just not there.

Given there are no reserves on savings accounts, as much as $4.5 trillion people think is in their savings accounts is not there either. Moreover, the duration mismatch on savings accounts, sweeps, and likely even CDs is massive.

If even 20% of the people tried to get their money out the system would freeze up.

The banking system is clearly insolvent. Such is the folly of fractional reserve lending.

http://globaleconomicanalysis.blogspot.com/2009/11/what-is-money-and-how-does-one-measure.html

Interactive job loss charts....

http://tipstrategies.com/archive/geography-of-jobs/

http://www.slate.com/id/2216238

Great article from 1998...

Imagine for a moment that someone inherits a farm. Let's say that the farm has good topsoil, a good well, good breeding stock, good seed, and excellent farm equipment in good repair. Prior to passing into the control of the present owner the farm did a good business selling vegetables, meat, and dairy products to the local market, and it made a small profit.

But let us suppose for a moment that the present owner of the farm doesn't understand farming, or isn't even really interested in learning. The present owner has no objection to standing around looking good, so he stays at the farm, standing in front of it, looking good to passers by.

Of course, the bills still come in, so our farmer puts them on his credit card. When that bill comes due he uses another credit card, Then another. Pretty soon the interest payments alone are higher than his bills and the banks get nervous and call him. No problem. Our farmer sells the tractor, takes the money around to the various credit cards, the food store, the utilities, and pays off all his bills. Then he stands around in front of the farm looking good to passers-by, the lord of his domain.

Well, the bills still come in. Again the credit cards get loaded up. So, this time our farmer sells the harvester. Then later on, the cattle, then the chickens, then the seeds, then he leases the well to his neighbor and finally sells the top soil from his farm to another farm down the road whose soil is getting tired. The cash is taken around to the various creditors, the food store, the utilities, etc.

Now at this point, our farmer thinks everything is okay. The bills are paid, he has a little cash in his pocket, and everything is fine.

Of course, you know better. The farm simply does not exist any more; it's just an empty lot with a few buildings, and soon they will be gone as well. The path from the farmer's present condition to seizure of the property for unpaid taxes is a foregone conclusion, even if the farmer doesn't look far enough ahead to see it.

Poor, dumb, stupid farmer.

That farmer is our government, and our business leaders.

Just as our hypothetical farm has lost its soil, livestock, seed, and farm equipment, America has lost its manufacturing ability. Short sighted business leaders, with as little interest in manufacturing as our farmer had in farming, decided their own personal bonuses would be higher if they simply sold their factories rather that ran them. After WW2, the 27 American TV companies including Zenith, Emerson, RCA, GE, etc. led the world in TV technology. Then, the owners of the patents on TV technology decided they didn't need to dirty their hands by actually making the TV sets themselves any more, and they started selling licenses to manufacture, which the Japanese bought.

By 1987, the only remaining American TV company was Zenith. The patent holders get their money, but the American products which can be sold overseas are gone, along with the jobs to make them. (Today Zenith is owned by a Korean electronics company.)

The same happened in high-tech electronics. The integrated circuit was invented in the United States. But rather than focus on selling integrated circuits, the companies that owned that technology sold the machines to MAKE integrated circuits around the world, and now America sells very few chips anywhere. The patent holders have their money, but the cash flow from sales of manufactured goods, and the jobs that go with them, are gone. When Seymour Cray needed custom chips for his supercomputers, he had to order them from Japan.

The same thing has been happening in aviation. The airplane was invented in the United States, and through the 60s, we sold a lot of them around the world. But lately, all aircraft sales to foreign countries involve "offsets", a portion of the core technology that gets licensed to the purchasing nation and gets manufactured there. Bit by bit, the core technology gets bled off, taking with it jobs, and cash flow from the sale of those manufactured products. Along the way, the rights to manufacture American inventions outside America leak away on a steadily increasing basis. Even the mighty F-16 is now being manufactured overseas, under license.

To cover the loss of manufacturing jobs, our government has invented the catch phrase "service economy". This is the idiotic notion that we don't need to actually sell manufactured products; that we can grow and prosper our nation by doing each other's laundry for a fee. To conceal the loss of manufacturing jobs, the government has legislated into existence thousands upon thousands of useless paper-shuffling jobs, and declared their necessity by fiat. The most obvious is the income tax which has been so obfuscated by the government that half of you had to rely on an outside expert to figure out just what all those incomprehensible words really meant. By this device, the government has replaced those jobs that made products to sell with an equal number of jobs that produce nothing whatsoever of any worth, except to keep the unemployment figures down. This over-burdening of the American people with gratuitous regulations and paperwork has accomplished nothing except to obfuscate the loss of manufacturing jobs, and to transform the American character from innovators and inventors creating new products to that of minor clerks, peeking under each other's seat cushions for lost change.

So, with most of our manufacturing now gone, just what DOES America make? Trouble, mostly. With 4% of the world's population and 18% of the economy, we have 50% of all the lawyers, all looking to make a killing by looting those few industries that still call America home (like Microsoft). Kids don't want to be scientists and engineers; they've seen how little such people are valued in our country. Based on recent history, kids see the "big bucks" are in corporate law, specifically investment banking, leveraged buyouts, greenmail, junk bonds, in short what other countries describe as "trying to make money grow by shaking it side to side".

With America's ability to actually produce products that can compete on the open world market in decline, it's no wonder that the balance of trade is the problem it is. Nobody buys our export products because we just don't make that many any more, and like or not, we have to buy our appliances from the people who make them, which are NOT Americans. (When Ampex invented the VCR, they didn't even bother trying to find an American company to make it, they immediately sold the rights to Japan).

So, what do all these countries on the plus side of the trade imbalance do with their surplus billions? Well, they have been loaning it right back to us!

Our government engages in a practice politely called "deficit spending". Other terms which would aptly describe the practice include "counterfeiting" and "check kiting", but it all comes down to the same thing; spending money one does not actually have.

What would be a prison offense for a normal citizen was rendered legal for the government by the Federal Reserve Act. This was not a popular piece of legislation. In fact the Democrats had campaigned in 1912 on a platform of rejection of the creation of a private bank in charge of a fiat money system. Nevertheless, on December 23, 1913, taking advantage of the absence of congressmen opposed to the creation of a fiat monetary system during the Christmas break, the Federal Reserve Act was passed.

Years later, during the great depression, Congressman Louis T. McFadden (who served twelve years as Chairman of the Committee on Banking and Currency) asked for congressional investigations of criminal conspiracy to establish the privately owned 'Federal Reserve System'. He requested impeachment of Federal officers who had violated oaths of office both in establishing and directing the Federal Reserve -- imploring Congress to investigate an incredible scope of overt criminal acts by the Federal Reserve Board and Federal Reserve Banks. McFadden even suggested that the Federal Reserve deliberately triggered the great stock market crash of 1929, in order to eventually force the passage of the Emergency Banking Act of March 9, 1933, which suspended the gold standard.

In describing the FED, McFadden remarked in the Congressional Record, House pages 1295 and 1296 on June 10, 1932:

"Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal reserve banks. The Federal Reserve Board, a Government Board, has cheated the Government of the United States and the people of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through the misadministration of that law by which the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it".

Why all the fuss over the gold standard?

Well it goes back to the original Founding Fathers and the meaning of the word "dollar". "Dollar" is actually a weight measure of silver, 371.25 grains, to be exact. Our American silver dollars are actually heavier, since other metals were added for durability. But that 371.25 grains of silver WAS the dollar, matching in weight an unbroken chain of accepted monetary units that reached back through the Spanish Milled Dollar, the Dutch Daller, back to the German Thaler; the product of a silver mine which sold its product in coins of an exact weight. The Coinage Act of 1792 defined our dollar to exactly match in weight the silver dollars in use around the world, and then defined the gold dollar to be that amount of gold which would equal the worth of silver in a silver dollar, 24.75 grains, 1/15 the weight of the silver in a silver dollar.

So, what's wrong with this? Nothing really. When you, as a citizen, hold a silver dollar or a gold dollar in your hand, you hold that actual worth of metal. Nothing the government can do can change the worth of the money in your control.

Take the Roman Silver Denarius pictured above. The Roman Empire is long gone, but the money that Rome issued still has worth because the coins themselves had inherent worth. Long after the collapse of the empire, Roman silver coins were still used as money, because the silver in the coin itself did not depend on the issuing government for its worth.

Of course, carrying around too much coin can be bothersome, so many nations, including our own, issued paper notes as a convenience. But that paper currency of the nation was just a convenience. The gold and silver certificates were merely "claim checks" for the equivalent weight of gold or silver held in the treasury, and which would be produced on demand when the certificate was presented. But in the end, the lawful dollar of the United States was 371.25 grains of silver, or 24.75 grains of gold.

The problem with this system from the point of view of the government or the banks is that it limits the amount of money they can work with. When the bank runs out of silver or gold (or the equivalent certificates) it can no longer lend any more money with which to earn interest. When the government runs out of gold or silver (or the equivalent certificates) it can no longer spend money (just like the rest of us).

The immediate effect of ending the gold standard was that with the paper dollar no longer legally dependent on 371.25 grains of silver or 24.75 grains of gold, more paper dollars (now called "Federal Reserve Notes") could be printed, their actual worth no longer under the control of the citizens but under the control of the issuing central bank, based on the total number of dollars printed (or created as credit lines) divided by the estimated worth of the nation's assets. The more dollars which are created out of thin air, the less each one is worth.

The swindle of the system is simple. The Federal Reserve Bank hires the US Treasury to print up some money. The Federal Reserve only actually pays the treasury for the cost of the printing, they do NOT pay $1 for each 1$ printed. But the Federal Reserve turns around and loans out that money (or credit line) to banks at full face value, those banks which have exhausted their deposits then loan that Federal Reserve fiat money to you, and you must repay it in the full dollar value (plus interest) in work product, even though the Federal Reserve printed that money for pennies, or created it out of thin air in a computer.

As the Federal Reserve overprints more money, the money supply inflates, and too much money starts chasing too few goods and services, which means prices go up. But contrary to the charade put on by the Federal Reserve, inflation doesn't just come and go due to some arcane sorcery. The Federal Reserve can halt inflation any time it wants to by simply shutting down those printing presses. It therefore follows that both inflation and recession are fully under the control of the Federal Reserve. This means the cycle of inflation and recession is an intentional one; a gigantic heartbeat that pumps paper certificates out to the working class, while pumping real wealth in to the owners of the banks.

Over time, that excess of printing has destroyed the value of that dollar you think you have. If you want to know by just how much, go out and try to purchase 371.25 grains of silver right now. Usually, the deterioration is gradual. Sometimes, it has to be obvious, such as the 1985 devaluation (done to halt the trade imbalance) which triggered the Japanese real-estate grab in this country.

Many politicians have attempted to reverse this process.

During the term of Abraham Lincoln, the banks demanded high interest to fund the civil war, reaching as high as 24% to 36%. Lincoln, rather than sell the country into permanent debt on the interest bearing bank notes, ordered the US Treasury to issue new legal tender popularly called Greenbacks, that funded the civil war without incurring huge interest debts. The system worked so well there was popular support for continuing the system after the end of the war, but issuance of the Greenbacks was halted after Lincoln was assassinated.

John F. Kennedy issued an Executive Order 11110, requiring the Treasury Department to start printing and issuing silver certificates for the silver then remaining in the US Treasury. Kennedy understood, as did Lincoln, that by returning to the constitution, which states that only Congress shall coin and regulate money, the soaring national debt could be reduced by not paying interest to the bankers of the Federal Reserve System, who print paper money then loan it to the government at interest. This was the reason he signed Executive Order 11110 which called for the issuance of $4,292,893,815 in United States Notes through the U.S. Treasury rather than the Federal Reserve System.

That same day, Kennedy signed a bill changing the backing of one and two dollar bills from silver to gold, adding strength to the weakened U.S. currency.

Kennedy's comptroller of the currency, James J. Saxon, had been at odds with the powerful Federal Reserve Board for some time, encouraging broader investment and lending powers for banks that were not part of the Federal Reserve system. Saxon also had decided that non-Reserve banks could underwrite state and local general obligation bonds, again weakening the dominant Federal Reserve banks".

Kennedy's E.O. was never implemented following his assassination, and shortly afterwards, United States silver coins were taken out of circulation and replaced with the copper clad slugs in use today. These two events, the failure to print new silver certificates, and the substitution of worthless slugs for our silver coins, may explain why the Warren Commission included on its panel John J. McCloy, a man with no experience in crime, law enforcement, or national security, but who had been the President of the Chase Manhattan Bank.

It should be noted that the banks themselves are still using the gold standard. Accounts are still settled between major national banks by the transfer of gold bullion.

So here we are with a bank that legally counterfeits the money you borrow but expects a full value (plus interest) repayment. But what's good for the Federal Reserve is good for the government itself, and this is where we get back into that funny word "deficit spending". The government spends more money than it takes in. It has for many years now. The Federal Reserve, being the only lawful source of this fiat money, prints up the excess cash the government needs (or manufactures a credit line in a computer). This extra cash is treated as a loan, in order to keep the government overspending from further eroding the worth of the dollar in the world market. The government (meaning the taxpayers) is on the hook for the full face value, plus interest.

But there's another problem. The government is borrowing so much money that it drives the interest rates up! You pay MORE interest on your mortgage, car loan, and credit cards, because the government cannot balance its books. That extra interest you pay is therefore another hidden tax. The government, in its "generosity", gives you a tax credit on mortgage interest that is higher because of their own borrowing!

During the 80s, as exports dropped, and jobs moved from manufacturing to lower paying "service sector" jobs, the US tax base declined. In order to keep the jobless rate from rising, a massive defense program called the Strategic Defense Initiative was cranked up, but since this program produced no exportable product, it produced no taxable sales revenues, and hence the money poured into the project accelerated the government decline into debt. Because manufacturing was on the decline, fewer start-up companies were approaching the lending institutions, so the government loosened up the rules (while increasing the insurable deposit limit) to allow "investments" in more high risk ventures, most of which turned out to be frauds, or worse, money laundering operations for drug criminals. This includes Whitewater, Flowerwood, and Castle Grande. Despite shifting the S&L loss primarily onto the taxpayers (to reassure foreign investors that the taxpayers still made America a safe place to park their surplus cash) the government plunged further into debt.

In the 12 years of the Reagan/Bush(I) administrations, the United States went from being the world's largest creditor nation to the world's largest debtor. Many of those nations which had enjoyed huge trade surpluses started loaning that profit back to the United States with the stipulation that we work on our manufacturing, clean up our infrastructure, raise taxes, in short, clean up our act, so that investment in America makes sense!

However, we didn't quite do that.

There has been some shuffling around to try to conceal the real scope of the problem. Over the last several years, the Federal Government has been sending less tax money back to the states than it takes in in taxes. This means that the states have to borrow MORE money to cover their obligations. The net result is that the debt is being transferred to the states, to conceal its true size. The government will easily admit to a $3 trillion "publicly held" debt, grudgingly concede that it's "unfunded liability" brings that number to almost $7 trillion, but the real hard truth is that total government debt, state and federal, is now over $14 trillion dollars, or about 50,000 for every man, woman, and child inside the United States. Since 1960, the taxpayers have shelled out $15 trillion in interest payments alone, while the principal continues to rise.

Yet another stunt the government has pulled is to "borrow" from the various trust funds under its control. Some $2 billion has vanished from the trust accounts of Native Americans (presently suing the Departments of the Interior and Treasury), and nearly ¾ of a TRILLION dollars has been removed from your Social Security retirement trust fund and spent in the last 8 years.

If the government has to borrow your retirement money when things are supposed to be so good, under what conditions can it repay the money? Or is that government IOU in your retirement account merely a promise to either tax you a second time or stiff you on the benefits you thought you were paying for?

In the last 8 years, during what are supposed to be record setting good times, the Federal government has nearly DOUBLED its debt load. The estimated interest on the debt equals all the personal income tax paid by all Americans. Our government is so deep in debt that it cannot get out.

This brings us to the issue of collateral. We've borrowed so much money the lenders are getting nervous. Back during the Johnson administration Charles DeGaulle demanded the United States collateralize the loans owed to France in gold and started carting out the bullion from the treasury. This caused several other nations to demand the same and President Nixon had to slam the gold window closed or the treasury would have been emptied, since the United States was even then in debt for more money than the treasury could cover in gold.

But Nixon had to collateralize that debt somehow, and he hit upon the plan of quietly setting aside huge tracts of American land with their mineral rights in reserve to cover the outstanding debts. But since the American people were already angered over the war in Vietnam, Nixon couldn't very well admit that he was apportioning off chunks of the United States to the holders of foreign debt. So, Nixon invented the Environmental Protection Agency and passed draconian environmental laws which served to grab land with vast natural resources away from the owners and lock it away, and even more, prove to the holders of the foreign debt that US citizens were not drilling. mining, or otherwise developing those resources. From that day to this, as the government sinks deeper into debt, the government grabs more and more land, declares it a wilderness or "roadless area" or "heritage river" or "wetlands" or any one of over a dozen other such obfuscated labels, but in the end the result is the same. We The People may not use the land, in many cases are not even allowed to enter the land.

This is not about conservation, it is about collateral. YOUR land is being stolen by the government and used to secure loans the government really had no business taking out in the first place. Given that the government cannot get out of debt, and is collateralizing more and more land to avoid foreclosure, the day is not long off when the people of the United States will one day wake up and discover they are no longer citizens, but tenants.

The following map shows the current extent of all lands grabbed by the government under the guise of environmentalism.



Link to full view of map...

http://whatreallyhappened.com/WRHARTICLES/ARTICLE2/map.jpg

In short, the United States is in deep trouble. We have lost a huge amount of our manufacturing capacity, and those products we still make do not compete well on the world market, despite the steady devaluation of the dollar. In short we have vast debts to pay and little to pay them with. Like the foolish Farmer we have sold the machinery that allowed us to prosper, and we stand around shaking our investment portfolios back and forth in the hopes that the money inside will somehow grow all by itself. It won't. It never has. The very best that can be said is that money gets moved from one person to the other.

Those nations and banks to whom we owe money have been very patient indeed with us. They know that our economies are so tightly entwined that what hurts America will hurt them. But sooner or later, possibly after a market crash, someone, in order to pay their own debts, will demand their loans to the United States be paid. Rather than get caught with "bad paper", there will be a run on the United States government.

In addition to the government debt of $14 trillion, our businesses are home to trillions more in foreign investment, kept here by the promise that the American taxpayer will be made to cover all losses. But with our manufacturing in decline and our schools producing far more lawyers than anything else, it should be obvious to the prudent observer that the American taxpayer, even if so inclined, may not be able to cover the losses of their own government, let alone a foreign investor. That has to be making them nervous as well.

This brings us to the "equities markets", most notably the stock market. Over the last several years a constant media harangue has assured us that the soaring numbers of the stock market are the sole measure of how good our economy is. But close examination of those high-priced stocks reveals that most are heavily over-valued; their price the result of market forces rather than underlying worth (earnings ability). Amazon.com, as one example, has had a terrific run-up of its stock price, even though the company itself has yet to show a profit.

The government has admitted to using covert means to prevent a market downturn; to keep the stock prices at an artificially high and overvalued level, in order to wave those impressive numbers about as "proof" that everything is okay so that the taxpayers go back to work and pay more taxes. But in order to keep those stock prices up above their actual worth, demand must be maintained to keep the prices high. In other words, NEW investors must constantly be brought into the bottom of the pyramid to keep the prices of the stocks at the top from dropping. Hence the onslaught of commercials luring neophyte investors into the stock market via "online trading". Like any Ponzi scheme, the stock market will collapse when no more new buyers can be dragged in at the bottom. As the market starts to stutter, governments (most recently Britain) have moved to dump huge reserves of gold onto the world market to depress gold prices and deter investors from deserting the stock market for gold.

Some years back I worked on the film version of "The Day The Bubble Burst", and in between playing a stock broker, I got to spend some time with the show's consultant, Mr. William Hupt, who had been on the trading floor in 1929 as it all fell apart. He still had, framed, that last strip of ticker tape that ushered in the Great Depression, and he shared some stories which have a bearing on what is going on today.

The first story Bill shared is that there had been early indications of a dangerously over-valued market, running too deep on margin, and like the Plunge Protection Team, the largest investment houses, in particular the House of Morgan, attempted to reverse the early corrections by purchasing large blocks of stock in order to create market demand and drive the prices back up. It worked all but the last time.

The second story Bill shared was that a friend of his, riding up to his office in September of 1929, overheard the elevator operator chatting about his own stock portfolio, and his investments. Something about that image of an elevator operator playing the market set off warning signals, and Bill's friend immediately liquidated his entire portfolio, just in time to miss the great crash. Many people, including the actor Charlie Chaplin, had recognized the "recruitment" of that segment of society that did NOT have risk capital as new investors as a desperate attempt to prop up an overvalued market, and got out in time to save their own personal fortunes.

In the end, there is no such thing as a free lunch. You cannot make money grow in value by shaking it back and forth from one bank to another. You cannot prosper a nation by doing each other's laundry, or filling out their government mandated and greatly obfuscated paperwork, or flinging stock certificates around which may have as little real worth as Federal Reserve Notes. To make money, to show a profit, you must make products that somebody else wants to buy, and sadly, that is a capability the United States has allowed to slip away in great measure. The "service economy" was political propaganda to make the public believe that the decline of our manufacturing ability was a good thing.

Our nation is broke, bankrupt, and having sold much of its machinery and technology (or given it away to political donors), is unable to easily return to those endeavors which once made our nation great. Our infrastructure is in decay (the percentage of roads in the US with major damage doubled last year alone), our public schools unable to produce a workforce able to function in a high-tech manufacturing environment, and those managers end engineers with manufacturing experience have in great part been lured away to other nations. The severity of our total government debt has reached a point where the promise that the taxpayers can be made to cover any foreign investment loss rings hollow, because we can no longer pay the debts our government has now.

Our nation is in trouble. We don't make many of the products we used to make. Consequently we don't have the products to sell that we used to. We don't even make most of the products we need ourselves (like that computer you're staring at this very moment). Result: we have a massive trade imbalance. Cash is flowing out of the nation, and it's not coming back in anywhere near as fast. There's no way to spin it; that is a major problem. Our nation is becoming poorer, it is hopelessly in debt, and all the artificial escalation of stock prices cannot conceal that.

And as the artificially pumped up stock market continues to decline, the true scale of the economic horror which is the product of decades of government corruption, will become apparent to all.

A very good book on the subversion of our money system is, "Money" by Jim Ewert, and is available at http://www.principiapub.com

Joe Smith started the day early having set his alarm clock (MADE IN JAPAN) for 6 a.m. While his coffeepot (MADE IN CHINA) was perking, he shaved with his electric razor (MADE IN HONG KONG). He put on a dress shirt (MADE IN SRI LANKA), designer jeans (MADE IN SINGAPORE) and tennis shoes (MADE IN KOREA).

After cooking his breakfast in his new electric skillet (MADE IN INDIA) he sat down with his calculator (MADE IN MEXICO) to see how much he could spend today. After setting his watch (MADE IN TAIWAN) to the radio (MADE IN INDIA) he got in his car (MADE IN GERMANY) and continued his search for a good paying AMERICAN JOB.

At the end of yet another discouraging and fruitless day, Joe decided to relax for a while. He put on his sandals (MADE IN BRAZIL) poured himself a glass of wine (MADE IN FRANCE) and turned on his TV (MADE IN INDONESIA), and then wondered why he can't find a good paying job in.....AMERICA.....

http://whatreallyhappened.com/WRHARTICLES/ARTICLE2/doodoo.html

Many more graphics on the original article...

Rolling Stone Article

If you want to know how Wall Street works - this article is for you!

http://www.rollingstone.com/politics/story/30481512/wall_streets_naked_swindle

Excerpts -

Wall Street has turned the economy into a giant asset-stripping scheme, one whose purpose is to suck the last bits of meat from the carcass of the middle class.

What really happened to Bear and Lehman is that an economic drought temporarily left the hyenas without any more middle-class victims — and so they started eating each other, using the exact same schemes they had been using for years to fleece the rest of the country. And in the forensic footprint left by those kills, we can see for the first time exactly how the scam worked — and how completely even the government regulators who are supposed to protect us have given up trying to stop it.

It's important to point out that not only is normal short-selling completely legal, it can also be socially beneficial. By incentivizing Wall Street players to sniff out inefficient or corrupt companies and bet against them, short-selling acts as a sort of policing system; legal short-sellers have been instrumental in helping expose firms like Enron and WorldCom. The problem is, the new paperless system instituted by the DTC opened up a giant loophole for those eager to game the market. Under the old system, would-be short-sellers had to physically borrow actual paper shares before they could execute a short sale. In other words, you had to actually have stock before you could sell it. But under the new system, a short-seller only had to make a good-faith effort to "locate" the stock he wanted to borrow, which usually amounts to little more than a conversation with a broker:

Evil Hedge Fund: I want to short IBM. Do you have a million shares I can borrow?

Corrupt Broker [not checking, playing Tetris]: Uh, yeah, whatever. Go ahead and sell.

There was nothing to prevent that broker — let's say he has only a million shares of IBM total — from making the same promise to five different hedge funds. And not only could brokers lend stocks they never had, another loophole in the system allowed hedge funds to sell those stocks and deliver a kind of IOU instead of the actual share to the buyer. When a share of stock is sold but never delivered, it's called a "fail" or a "fail to deliver" — and there was no law or regulation in place that prevented it. It's exactly what it sounds like: a loophole legalizing the counterfeiting of stock. In place of real stock, the system could become infected with "fails" — phantom IOU shares — instead of real assets.

If you own stock that pays a dividend, you can even look at your dividend check to see if your shares are real. If you see a line that says "PIL" — meaning "Payment in Lieu" of dividends — your shares were never actually delivered to you when you bought the stock. The mere fact that you're even getting this money is evidence of the crime: This counterfeiting scheme is so profitable for the hedge funds, banks and brokers involved that they are willing to pay "dividends" for shares that do not exist. "They're making the payments without complaint," says Susanne Trimbath, an economist who worked at the Depository Trust Company. "So they're making the money somewhere else."

Trimbath was one of the first people to notice the problem. In 1993, she was approached by a group of corporate transfer agents who had a complaint. Transfer agents are the people who keep track of who owns shares in corporations, for the purposes of voting in corporate elections. "What the transfer agents saw, when corporate votes came up, was that they were getting more votes than there were shares," says Trimbath. In other words, transfer agents representing a corporation that had, say, 1 million shares outstanding would report a vote on new board members in which 1.3 million votes were cast — a seeming impossibility.

Analyzing the problem, Trimbath came to an ugly conclusion: The fact that short-sellers do not have to deliver their shares made it possible for two people at once to think they own a stock. Evil Hedge Fund X borrows 100 shares from Unwitting Schmuck A, and sells them to Unwitting Schmuck B, who never actually receives that stock: In this scenario, both Schmucks will appear to have full voting rights. "There's no accounting for share ownership around short sales," Trimbath says. "And because of that, there are multiple owners assigned to one share."

Trimbath's observation would prove prophetic. In 2005, a trade group called the Securities Transfer Association analyzed 341 shareholder votes taken that year — and found evidence of over-voting in every single one. Experts in the field complain that the system makes corporate-election fraud a comically simple thing to achieve: In a process known as "empty voting," anyone can influence any corporate election simply by borrowing great masses of shares shortly before an important merger or board election, exercising their voting rights, then returning the shares right after the vote is over. Hilariously, because you're only borrowing the shares and not buying them, you can effectively "buy" a corporate election for free.

Back in 1993, over-voting might have seemed a mere curiosity, the result not of fraud but of innocent bookkeeping errors. But Trimbath realized the broader implication: Just as the lack of hard rules forcing short-sellers to deliver shares makes it possible for unscrupulous traders to manipulate a corporate vote, it could also enable them to manipulate the price of a stock by selling large quantities of shares they didn't possess. She warned her bosses that this crack in the system made the specter of organized counterfeiting a real possibility.

"I personally went to senior management at DTC in 1993 and presented them with this issue," she recalls. "And their attitude was, 'We spill more than that.'" In other words, the problem represented such a small percentage of the assets handled annually by the DTC — as much as $1.8 quadrillion in any given year, roughly 30 times the GDP of the entire planet — that it wasn't worth worrying about.

It wasn't until 10 years later, when Trimbath had a chance meeting with a lawyer representing a company that had been battered by short-sellers, that she realized someone outside the DTC had seized control of a financial weapon of mass destruction. "It was like someone figured out how to aim and fire the Death Star in Star Wars," she says. What they "figured out," Trimbath realized, was an early version of the naked-shorting scam that would help take down Bear and Lehman.

Take the commodities markets, where most of those betting on the prices of things like oil, wheat and soybeans have no product to actually deliver. "All speculative selling of commodity futures is 'naked' short selling," says Adam White, director of research at White Knight Research and Trading. While buying things that don't actually exist isn't always harmful, it can help fuel speculative manias, like the oil bubble of last summer. "The world consumes 85 million barrels of oil per day, but it's not uncommon to trade 1 billion barrels per day on the various commodities exchanges," says White. "So you've got 12 paper barrels trading for every physical barrel."

The same is true for mortgages. When lenders couldn't find enough dope addicts to lend mansions to, some simply went ahead and started selling the same mortgages over and over to different investors. There are now a growing number of cases of such double-selling of mortgages: "It makes Bernie Madoff seem like chump change," says April Charney, a legal-aid attorney based in Florida. Just like in the stock market, where short-sellers delivered IOUs instead of real shares, traders of mortgage-backed securities sometimes conclude deals by transferring "lost-note affidavits" — basically a "my dog ate the mortgage" note — instead of the actual mortgage. A paper presented at the American Bankruptcy Institute earlier this year reports that up to a third of all notes for mortgage-backed securities may have been "misplaced or lost" — meaning they're backed by IOUs instead of actual mortgages.

How about bonds? "Naked short-selling of stocks is nothing compared to what goes on in the bond market," says Trimbath, the former DTC staffer. Indeed, the practice of selling bonds without delivering them is so rampant it has even infected the market for U.S. Treasury notes. That's right — Wall Street has actually been brazen enough to counterfeit the debt of the United States government right under the eyes of regulators, in the middle of a historic series of government bailouts! In fact, the amount of failed trades in Treasury bonds — the equivalent of "phantom" stocks — has doubled since 2007. In a single week last July, some $250 billion worth of U.S. Treasury bonds were sold and not delivered.

The counterfeit nature of our economy is troubling enough, given that financial power is concentrated in the hands of a few key players — "300 white guys in Manhattan," as a former high-placed executive puts it. But over the course of the past year, that group of insiders has also proved itself brilliantly capable of enlisting the power of the state to help along the process of concentrating economic might — making it less and less likely that the financial markets will ever be policed, since the state is increasingly the captive of these interests.

The nation's largest financial players are able to write the rules for own their businesses and brazenly steal billions under the noses of regulators, and nothing is done about it. A thing so fundamental to civilized society as the integrity of a stock, or a mortgage note, or even a U.S. Treasury bond, can no longer be protected, not even in a crisis, and a crime as vulgar and conspicuous as counterfeiting can take place on a systematic level for years without being stopped, even after it begins to affect the modern-day equivalents of the Rockefellers and the Carnegies. What 10 years ago was a cheap stock-fraud scheme for second-rate grifters in Brooklyn has become a major profit center for Wall Street. Our burglar class now rules the national economy.

Here is a link to video demonstrations on how naked short selling works -

http://taibbi.rssoundingboard.com/short-selling-vs-naked-short-selling-an-explanation

A more recent blog post from Matt -

No one mentions here that this is a carrot-and-stick story — the stick being that ordinary people have been robbed of the interest they should be getting in CDs and ordinary bank savings accounts by the various bailout programs and lending guarantees, which have brought the cost of capital down to nothing for the big banks, and punished those people who have been doing the right thing all along by saving. The Fed lends its money to Goldman Sachs and BOFA for free, why does anyone have to pay Grandma a high rate for her CD or her bank savings?

http://taibbi.rssoundingboard.com/good-news-on-wall-street-means%E2%80%A6-what-exactly

News piece from Matt's latest post -

The Securities and Exchange Commission hired a 29-year-old former employee in Goldman Sachs Group Inc.'s business intelligence unit as the first chief operating officer in the agency's enforcement division, according to people familiar with the decision.

http://www.latimes.com/business/la-fi-sec-coo16-2009oct16,0,6370675.story

Money is created by debt. Debt is inherently deflationary - you must pay back the original amount plus interest. The money for interest is never created. The only way the system can survive is to pump more and more debt (money) into the system. The additional debt (money) creates inflation as more money chases relatively same amount of goods. It is mathematically impossible for this method to continue indefinitely.

When the tipping point is reached (i.e. top of the business cycle) and the growth in debt slows or retracts....then debt becomes this big sucking vacuum that sucks all the available money out of the economy to pay back debt. Default is also a result as there is not enough money to go around.

We were at the tipping point in 1994/1995 but Greenspan's Sweeps program, initiated in 1994, kept the ball rolling. The Y2K problem helped as well as the resulting pump in the stock market.

We hit the tipping point again in 2000/2001 but Greenspan lowered interest rates to 45-50 year low (below the rate of inflation) which then caused a massive increase in debt consumption with the resulting high inflation that tripled asset prices in just a couple of years.

We hit the tipping point again in 2007/2008 and the basic premise is the government will spend our way out of it and prolong the game another 4 to 6 years. I don't think that's possible but everyone has an opinion on it.

One fact is clear - not a dollar is printed that isn't created by debt (either government or individual). That debt at some point in time must be paid back and is inherently deflationary.

The dollar vs other currencies is a whole different ballgame. As the world's leader in consumption (25%) if the dollar loses value the prices of goods from the rest of the world increase in price. Without enough money to go around US consumers consume even less. Overcapacity then occurs across the globe and prices fall as a result.

Remember that the US is not alone in the debt game. This is a world wide problem and the last boom was world wide. The resulting economic collapse will also be world wide. Historically these collapses in demand have been utilized to consolidate power and ownership of assets. Those who create the money know the game better than anyone else. Its simply a tool for a far bigger agenda!

A look at the agenda -

What is the purpose of the debt system we have in place today?

IMO it is a tool designed to transfer wealth. Look at the genius design of the system -

You want buy a .25 acre lot for $100k. You go to the bank to borrow the money. They create the money out of nothing (within the rules of course - 10:1 ratio....so with $10k of another person's savings they now create your $100k). You take the newly created money and buy the property.

The bank will either get the money back WITH INTEREST or they will foreclose and get the property. Either way they get extra money that they didn't create or a property.....what was their cost to obtain the money or the property?

Now keep in mind that the money for the interest was never created so someone, somewhere, will default and the bank will end up with their property.

With the Sweeps program - sweeping average checking account (demand deposit) balances into a savings account to loan out - we effectively have a zero reserve requirement. Not to be alarmed as other countries like Canada, Japan, UK, etc all have zero requirement...so there's absolutely zero guaranteeing the actual money....but because it is created by debt.....it will all be paid back with interest or the forfeiture of assets....or in other words, the transfer of all wealth to the bankers who created the money out of nothing!

Debt is the pit. In the end chaos will result when people realize how they've been played....gonna be some pitchforks thrown about!

Reading List

The items are not listed with respect to any priority...and by no means have I read them all. Basically a combination of recommendations and my reading wish list - from recommendations by others. Highly recommended books have a "Required Reading" post following the book listing...

Recommended Reading List:

The Naked Capitalist by W. Cleon Skousen (Required reading!)

The True Story of the Bilderberg Group by Daniel Estulin

Treason History: Order of Sons of Liberty by Felix C. Stidger

Dark Alliance by Gary Webb

Treason in America by Anton Chaitkin

Western Technology and Soviet Economic Development, 1917-1930 by Anthony C. Sutton

Western Technology and Soviet Economic Development, 1930-1945 by Anthony C. Sutton

Western Technology and Soviet Economic Development, 1945-1965 by Anthony C. Sutton

The Boston Money Tree by Russell B Adams Jr.

Neither Liberty nor Safety: Fear, Ideology, and the Growth of Government by Robert Higgs

The Book of Honor : The Secret Lives and Deaths of CIA Operatives by Ted Gup

The Politician by Robert Welch (Required reading!)

Welcome to Terrorland by Daniel Hopsicker

Masters of Deceit by J. Edgar Hoover

A Study of Communism by J. Edgar Hoover)

Hiding in Plain Sight by Ken Bowers (Required reading!)

Web of Debt by Ellen Hodgson Brown (Required reading!)

A Very Thin Line by Theodore Draper

9/11 Synthetic Terror: Made in USA by Webster Tarpley

Behold a Pale Horse by William Cooper

The Life and Times of Dillon Read by Robert Sobel

Emerging Viruses: AIDS & Ebola: Nature, Accident, or Intentional? by Leonard Horowitz

The Hidden Dangers of the Rainbow by Constance Cumbey (Required reading!)

Brotherhood of Darkness by Stanley Monteith (Required reading!)

Every Spy a Prince by Dan Raviv & Yossi Melman

Barry & 'the Boys': The CIA, the Mob and America's Secret History by Daniel Hopsicker

The Secret History of the CIA by Joseph John Trento

Friends in High Places: The Bechtel Story-The Most Secret Corporation and How It Engineered the World by Laton McCartney

Depression, War, and Cold War by Robert Higgs

DEMOCRACY IN AMERICA by Alexis DeTocqueville - pre WWII copy

The Chronology of the Illuminoids by Neil Wilgus

National Suicide: Military Aid to the Soviet Union by Anthony C. Sutton

None Dare Call It Conspiracy by Gary Allen (Required reading!)

Wall Street and the Bolshevik Revolution by Anthony C. Sutton

Wall Street and the Rise of Hitler by Anthony C. Sutton

Wall Street and FDR by Anthony C. Sutton

Crossing the Rubicon: The Decline of the American Empire at the End of the Age of Oil by Michael Ruppert (Required reading!)

The Rise of the Fourth Reich: The Secret Societies That Threaten to Take Over America by Jim Marrs

Key to the Future (Soft Cover Book) by Duane S. Crowther

Corporate Crime in the Pharmaceutical Industry by John Braithwoite (Required reading!)

The Revolution: A Manifesto by Ron Paul

Witness by Whittaker Chambers (Required reading!)

The 9/11 Commission Report: Omissions And Distortions by David Ray Griffin

Spiritual Survival In The Last Days by Blaine and Brenton Yorgason

Resurgence of the Warfare State by Robert Higgs

Conspirators' Hierarchy: The Story of the Committee of 300 by John Coleman

The Biggest Secret by Arizona Wilder

The End of America: Letter of Warning to a Young Patriot by Naomi Wulf

Rule by Secrecy: The Hidden History That Connects the Trilateral Commission, the Freemasons, and the Great Pyramids by Jim Marrs

The Creature from Jekyll Island: A Second Look at the Federal Reserve by G. Edward Griffin (Required reading!)

The Terror Timeline: Year by Year, Day by Day, Minute by Minute: A Comprehensive Chronicle of the Road to 9/11--and America's Response by Paul Thompson

The world and the prophets by Hugh Nibley

Prophetic destiny : The saints in the Rocky Mountains by Paul Thomas Smith

The Insiders: Architects of the New World Order by John F. McManus

The Committee of 300 by Dr. John Coleman

Tragedy and Hope: A History of the World in Our Time by Carroll Quigley

Trilateralism: The Trilateral Commission and Elite Planning by Holly sklar

The Illuminoids: Secret Societies and Political Paranoia by Neal Wilgus

The Secret History of the American Empire, by John Perkins

Against Leviathan by Robert Higgs

The War on Gold by Anthony C. Sutton

The Best Enemy Money Can Buy by Anthony C. Sutton

How the Order Controls Education by Anthony C. Sutton

America's Secret Establishment: The Order of Skull and Bones by Anthony C. Sutton (Required reading!)

Blowback and The Sorrows of the Empire, by Chalmers Johnson

Best Evidence by David Lifton

Descent into Slavery by Des Griffin (Required reading!)

The Dark Side of the Moon, by W.W. Norton

JFK and the Unspeakable, by James Douglass

Secret Agenda, by Linda Hunt

The CIA Covenant: Nazis in Washington, by Gregory Douglas

Who Will Tell The People, by William Greider

Murder of an American Nazi, by Tim Fleming

Powderburns by Celerino Castillo III & Dave Harmon - Head of DEA in El Salvador discovered that the Contras were smuggling cocaine into the United States. Castillo's superiors reacted to his reports by burying them. This book is too controversial for an American publisher to print. (Required reading!)

Out of Control by Cockburn, Leslie - Early account of the of the Reagan Administration's secret war in Nicaragua, the illegal arms pipeline and the Contra drug connection.

The Reagan, Clinton, and Bush Years in the White House by Gary Anton

The Immaculate Deception: Bush Crime Family Exposed by Russell S. Bowen

Sleepwalking Through History by Haynes Johnson - History of the Reagan years traces the relationships of William Casey, Manuel Noriega and the Medellin cocaine cartel.

The Iron Triangle: Inside the Secret World of the Carlyle Group by Dan Briody (Required reading!)

The Big White Lie by Michael Levine - DEA undercover investigator learns that the biggest deterrent to stopping the drug epidemic is the Central Intelligence Agency. (Required reading!)

Deep Cover by Michael Levine - DEA undercover operative penetrates the leadership of the Bolivian cocaine cartel, Panamanian money-launderers and Mexican military middle-men. But it is all for nought, as interference from the CIA and Attorney General Meese, along with DEA infighting, sabotage the investigation. (Required reading!)

The Politics of Heroin by Alfred McCoy - Excellent history about CIA complicity in the global drug trade, from the French Connection, to Southeast Asia and onward into the Afghanistan and Latin America. (Required reading!)

Fooling America by Robert Parry - Several sections discuss Contra cocaine smuggling in this book which describes how Washington insiders twist the truth and manufacture the Conventional Wisdom.

Casey by Joseph E. Persico - Biography on former CIA director William Casey briefly explores the relationships between the CIA and drug traffickers, as well as the protection of narco-CIA assets.

Compromised by Terry Reed & John Cummings - The definitive book on Mena, Reed's first person account of his CIA service on behalf of the Contras opens eyes as to the relationships between the CIA, drug trafficking and recent occupants of the White House. A second edition is in bookstores, however not from bankrupt S.P.I. Books. Get the 1995 paperback.(Required reading!)

Disposable Patriot: Revelations of a Soldier in America's Secret Wars by Jack Terrell & Ron Martz - An American soldier goes to fight the Sandinistas in Nicaragua. But he discovers that the most dangerous war is the political infighting of Washington as politicians and covert operatives fight to save their political skins ans stay out of jail.

Kings of Cocaine by Guy Gugliotta & Jeff Leen - Miami drug investigation runs into powerful smugglers.

The Conspirators by Ret. Cmdr. Al Martin

The Halliburton Agenda: The Politics of Oil and Money by Dan Briody

Organized Crime and American Power: a History by Michael Woodiwiss

Partners in Power by Roger Morris - Traces rise of Bill and Hillary Clinton. Sections on Bill's recruitment by the CIA and his involvement in Mena.

Boy Clinton by R. Emmett Tyrrell Jr. - Traces rise of Bill Clinton.

The Plot Against the Peace by Sayers and Kahn

JFK by L. Fletcher Prouty

The Strange Death of Vincent Foster by Christopher Ruddy

The War - A Concise History 1939-1945 by Louis L. Snyder

Project Paperclip by Clarence G. Lasby

Fearful Master: A Second Look at the United Nations by G. Edward Griffin (Required reading!)

The United Nations Exposed by William F. Jasper (Required reading!)

House of Bush, House of Saud: The Secret Relationship Between the World's Two Most Powerful Dynasties by Craig Unger

The Germans - Double History of a Nation by Emil Ludwig

Notes from the Underground: The Whittaker Chambers/Ralph de Toledano Letters, 1949-1960 by Whittaker Chambers

Brown Book - War and Nazi Criminals in West Germany by Albert Nordon

Secret Armies by John L. Spivak

Treason's Peace by Howard Ambruster

In God's Name by David Yallup

The De-industrialization of America by Bluestone & Harrison

The Kennedy Conspiracy by Paris Flammonde (Required reading!)

The Rape of Ma Bell by Kraus and Constantine

Critical Path by R. Buckminster Fuller

In Banks We Trust by Penny Lernoux

The New Germans and the Old Nazis by T. H. Tetens

Yakuza by Kaplan and Dubro

Minister of Death - The Adolf Eichmann Story by Reynolds, Katz, and Aldouby

The Last Circle by Carol Marshall

The Bluegrass Conspiracy by Sally Denton

The Re-emergence of Fascism by Dennis Eisenberg

The Spear of Destiny by Trevor Ravenscroft

The Murder of Christ by Wilhelm Reich

Sabotage! by Sayers and Khan

The Grand Chessboard: American Primacy And Its Geostrategic Imperatives by Zbigniew Brzezinski

Confessions of an Economic Hit Man by John Perkins

Blackwater: The Rise of the World's Most Powerful Mercenary Army by Jeremy Scahill

The David Icke Guide to the Global Conspiracy by David Icke

The Case Against the Fed by Murray N. Rothbard

Who's Who of the Elite : Members of the Bilderbergs, Council on Foreign Relations, & Trilateral Commission by Robert Gaylon, Sr. Ross

Terrorstorm - A History of Government Sponsored Terrorism by Alex Jones

Secrets of the Temple: How the Federal Reserve Runs the Country by William Greider

The Unseen Hand by A. Ralph Epperson

The 5000 Year Leap: A Miracle That Changed the World by W. Cleon Skousen (Required reading!)

The Invisible Government by Dan Smoot (Required reading!)

Foundations, Their Power and Influence by Rene Wormser

BUSHWACKED: HUD Fraud, Spooks and the Slumlords of Harvard by Uri Dowbenko

The Canaris Conspiracy by Roger Manvell & Heinrich Fraenkel

For the President's Eyes Only by Christopher Andrew

In Retrospect: The Tragedy and Lessons of Vietnam by Robert Strange McNamara - A superficial and selective mea culpa. The former Secretary of Defense claims our governing elite had little understanding of the Vietnamese and the war — and from the perspective of 25 years — explains all that they did (do) not know. McNamara decries the Vietnamese lack of resolve to fight, he still does not realize that they won, repelling the world's strongest military force. McNamara was the best and brightest of the "best and brightest," but his book does not cite a single communist source. The shallowness of his analysis exposes the intellectual prostitution demanded of America's academic elite. Sam Adams, a CIA analyst, who fought the CIA at every step, said the Agency in undercounting the VC, refused to use what should have been its primary source — captured enemy documents. In my own experience I discovered that the CIA buried any information that did not support its pro-war policies. Asian communist leaders set forth in their writings the plans and programs of their revolutions but I doubt if any Agency operative, or any member of the best and brightest, ever read or, if so, understood those writings. The CIA recruited paid agents to tell the CIA what it wanted to hear, ignoring the mass of overt information that so disproved our rationales for the war. This practice epitomizes Agency operations from the beginning to the present.

THE BEARTRAP: AFGHANISTAN'S UNTOLD STORY by Mohammad Yousaf & Adkin, M. - The book outlines CIA's support operation for the Mujaheddin in Afghanistan via Pakistan's Inter-Service Intelligence (ISI), Pakistan's CIA. ISI funneled 70 per cent of all material aid — money, uniforms, weapons, including stinger missiles and demolitions — to radical Islamic fundamentalists. Now radical Islamic fundamentalism is one of our major problems.

SAFE HOUSE: THE COMPELLING MEMOIRS OF THE ONLY CIA SPY TO SEEK ASYLUM IN RUSSIA by E.L. Howard - Howard says he had no contact with the Soviets until FBI harassment operations forced him to flee the United States and seek sanctuary in the USSR.

SELL OUT: ALDRICH AMES AND THE CORRUPTION OF THE CIA by James Adams - The story of Ames' betrayal. To protect Ames the KGB ran deception operations that kept the FBI chasing false leads for years. The book foreshadows a series of other such books on Ames.

FOR THE PRESIDENT'S EYES ONLY: SECRET INTELLIGENCE AND THE AMERICAN PRESIDENCY FROM WASHINGTON TO BUSH by C. Andrew

DIVORCING THE DICTATOR: AMERICA'S BUNGLED AFFAIR WITH NORIEGA by F. Kempe

PUPPETMASTERS: THE POLITICAL USE OF TERRORISM IN ITALY by P. William

APARTHEID'S CONTRAS: AN INQUIRY INTO THE ROOTS OF WAR IN ANGOLA AND MOZAMBIQUE by W. Minter

INSIDE THE LEAGUE: THE SHOCKING EXPOSE OF HOW TERRORISTS, NAZIS, AND LATIN AMERICAN DEATH SQUADS HAVE INFILTRATED THE WORLD ANTI-COMMUNIST LEAGUE by J.L. Anderson & S. Anderson

Sell Out: Aldrich Ames and the Corruption of the CIA by James Adams

War of Numbers: An Intelligence Memoir by Samuel Adams

Diana, The Queen of Hearts & The CIA, Prince of Darkness by B.C. Adamson

Inside the Company by Philip Agee

On the Run by Philip Agee

La Pença: On Trial in Costa Rica by Tony & Honey Avirgan

La Pença: Report of an Investigation by Toney & Honey Avirgan

The Control of Candy Jones by Donald Bain

The Counterinsurgency Era by D.S. Blaufarb

Killing Hope: U.S Military and CIA Interventions Since World War II by William Blum

The CIA: A Forgotten History by William Blum

Rogue State: A Guide to the World's Only Superpower by William Blum

The CIA File by R.L. & J. Marks Borosage

Mafia, CIA and George Bush by Pete Brewton

American Dreamers — The Wallaces and Reader's Digest: An Insider's Story by Peter Canning

The Crisis in Drug Prohibition by The CATO Institute

Deterring Democracy by Noam Chomsky

The Culture of Terrorism by Noam Chomsky

What Uncle Sam Really Wants by Noam Chomsky

The CIA: Reality vs. Myth by Ray Cline

You Can Trust the Communists to be Communists by Dr. Fred Schwarz

Communist Revolution in the Streets by Gary Allen

The Mainspring of Human Progress by Henry Grady Weaver

The Law by Frederic Bastiat

Whiteout: The CIA, Drugs and the Press by Alexander Cockburn & Jeffrey St. Clair

Out of Control by Leslie Cockburn

Honorable Men: My Life in the CIA by William E. Colby

Lost Victory by W. Colby

In The Sleep Room by Anne Collins

The IndoChina Story: A Fully Documented Account by the Committee of Concerned Asian Scholars

CIA Mind Control Operations in America by Alex Constantine

Blond Ghost: Ted Shackley and the CIA's Crusades by D. Corn

History of the Counterintelligence Staff 1954-1974 (unpublished CIA study, 1981) by Cleveland C. Cram

Our Man in Panama by John Dinges

A Foreign Policy of Freedom by Ron Paul

Revolution: A Manifesto by Ron Paul

A Nation of Sheep by Napolitano

Secret Warriors: Inside the Covert Military Operations of the Reagan Era by Steven Emerson

Deception: The Invisible War between the KGB and the CIA by Edward J. Epstein

Uncloaking the CIA by H. Frazier

Spyworld: Inside the American and Canadian Intelligence Establishments by Mike Frost & Michael Gratton

War at Home by Brian Glick

New Terrorism: How U.S Collusion with Drug Dealers and Terrorist Brought Down Pan Am 103 and Brought Terror to America by Donald Goddard & Lester Coleman

Gentleman Spy: The Life of Allen Dulles by Peter Gross

The Book of Honor: The Secret Lives and Deaths of CIA Operatives by Ted Gup

In Contempt of Congress by Joy & Siegel Hackel

Theirs was the Kingdom: Lila and Dewitt Wallace and the Story of the Reader's Digest by John Heidenry

The Real Terror Network: Terrorism in Fact and Propaganda by Edward S. Herman

Deadly Secrets: The CIA & Mafia War against Castro and the Assassination of JFK by Warren Hinckle & Willam Turner

Safe House: The Compelling Memoirs of the Only CIA Spy to Seek Asylum in Russia by E.L. Howard

Allan Welsh Dulles as Director of Central Intelligence 26 February 1953 - 29 November 1961, Volume III, Covert Activities by Wayne G. Jackson

A Season of Inquiry: The Senate Intelligence Investigation by Loch Johnson

Modern Times by Paul Johnson

America's Engineered Decline by William Norman Grigg (Required reading!)

Financial Terrorism by John F. McManus

History of the Central Intelligence Agency, Book IV of the Final Report of the Church Committee by Anne Karalekas

In Our Image: America's Empire in the Philippines by Stanley Karnow

The Great Heroin Coup by Henrik Kruger

The Crimes of Patriots: A True Tale of Dope, Dirty Money and the CIA by Jonathan Kwitny

Acid Dreams: The CIA, LSD and the Sixties Rebellion by Martin A. Lee & Bruce Shlain

The Boys on the Tracks by Mara Leveritt

With No Apologies by Barry M. Goldwater

Morals and Dogma by Albert Pike

Secret Teachings of All Ages by Manly P. Hall

The Rise and Fall of the Roman Republic by Steve Bonta

Holy War, Unholy Victory: Eyewitness to the CIA's Secret War in Afghanistan by Kurt Lohbeck

Cold Warrior: James Jesus Angleton, the CIA's Master Spy Hunter by Tom Mangold

War in the Shadows: the Vietnam Experience by R. Manning

The CIA and the Cult of Intelligence by Victor Marchetti & John D. Marks

The Search for the Manchurian Candidate by John Marks

The Iran-Contra Connection by Scott Marshall

Report From Iron Mountain; On The Possibility and Desirability of Peace by Leonard C. Lewin - here

The Federalist Papers by Hamilton

Slouching Towards Gomorrah by Bork

The Tempting of America by Bork

Wilderness of Mirrors by David Martin

Terrorism & The Illuminati by David Livingstone (Required reading!)

The Clinton Chronicles, 3rd ed. by Patrick Matrisciana

The Clinton Scandals by Sam Smith

The Crimes of Mena by Roger Morris and Sally Denton

Hostages by Mike Ruppert - includes Gray Money: the Continued Cover-Up by Mark Swaney - here

The Politics of Heroin in Southeast Asia by Alfred W. McCoy

Backfire: The CIA's Secret War in Laos and its Link to the War in Vietnam by Alfred W. McCoy

A Question of Torture by Alfred W. McCoy

The Politics of Heroin, CIA Complicity in the Global Drug Trade by Alfred W. McCoy

Deadly Deceits by Ralph McGehee

Blank Check by Tim Wiener

The Wealth of Nations by Adam Smith

Free to Choose by Milton Friedman

Capitalism & Freedom by Milton Friedman

Price Theory by Milton Friedman

Facing Reality: From World Federalism to the CIA by Cord Meyer

Spying for America by N. Miller

The Underground Empire — Where Crime and Governments Embrace by James Mills

Spies and Provacateurs: A Worldwide Encyclopedia of Persons Conducting Espionage and Covert Action by W. Minnick

Brought to Light by Alan Moore & Bill Sienkiewicz

TRANCE Formation of America Through Mind Control by Cathy O'Brien & Mark Phillips

Honorable Treachery: A History of U.S. Intelligence, Espionage and Covert Action from the American Revolution to the CIA by G.J.A. O'Toole

The Final Judgment by M.C. Piper

The Man Who Kept the Secret by T. Powers

Presidents' Secret Wars by J. Prados

The Secret Team by L. Fletcher Prouty

The Agency: The Rise and Decline of the CIA by John Ranelagh

Trafficking: The Boom and Bust of the Air America Cocaine Ring by Berkeley Rice

The U.S. Intelligence Community by Jeffrey Richelson

Air America by Christopher Robbins

Crime and Cover-up; The CIA, the Mafia, and the Dallas-Watergate Connection by Peter Dale Scott



Drugs, Oil and War by Peter Dale Scott

Cocaine Politics — Drugs, Armies and the CIA in Central America by Peter Dale Scott & Jonathan Marshall

Gold Warriors: America's Secret Recovery of Yamashita's Gold by Peggy & Sterling Seagrave

Global Tyranny Step By Step by William F Jasper (Required reading!)

Desperados — Latin Drug Lords, U.S. Lawmen and the War America Can't Win by Elaine Shannon

A Bright Shining Lie by N. Sheehan

Proof of a Conspiracy Against All Religions & Governments of Europe by John Robinson

Silent Warfare — Understanding the World of Intelligence by Abram N. Shulsky

The Twisted Cross by Joseph Carr(Required reading!)

A Murder in Wartime by J. Stein

Democracy in America by Tocqueville

Secret Societies and Subversive Movements by Nesta Webster

None Dare Call it Treason by Stormer

None Dare Call it Treason:25 years later by Stormer

Hope of the Wicked: The Master Plan to Rule the World by Ted Flynn

The Real Benjamin Franklin by Maxfield & Allison

The Real George Washington by Perry & Allison

The Real Thomas Jefferson by Maxfield, Cook & Allison

Defrauding America: Dirty Secrets of the CIA and other Government Operations by Rodney Stich

Disavow: A CIA Saga of Betrayal by Rodney Stich & T. Conan Russell

The Unauthorized Biography of George Bush by Webster Tarpley & Anton Chaiken (Required reading!)

Journey into Madness: Medical Torture and the Mind Controllers by Gordon Thomas

Oyster: The Story of the Australian Secret Intelligence Service by B. Toohey & W. Pinwill

Donovan and the CIA: A History of the Establishment of the Central Intelligence Agency by Thomas F. Troy

Secrecy and Democracy: The CIA in Transition by Stansfield Turner

The Phoenix Program by D. Valentine

Beneath the Tide by Ken Bowers (Required reading!)

Secret Intelligence by E. Volkman & B. Baggett

The CIA Under Harry Truman: CIA Cold War Records by Michael Warner

Father, Son and CIA by Harvey Weinstein

666 Illuminati by William Josiah Sutton

Tragedy & Hope: A History of the World in Our Time by Carroll Quigley (Required reading!)

The Hidden Secrets Of The Rainbow by Constance E. Cumbey

The Spy Who Got Away: The Inside Story of Edward Lee Howard by David Wise

Molehunt — The Secret Search for Traitors that Shattered the CIA by David Wise

The Beartrap: Afghanistan's Untold Story by Mohammad Yousaf & M. Adkin

Awakening to our Awful Situation by Jack Monnett (Required reading!)

International Terrorism and the CIA: Documents, Eyewitness Reports, Facts by Vitaly Syrokomsky

Journey Into Madness: The True Story of Secret CIA Mind Control and Medical Abuse by Gordon Thomas

Imperial Hubris: Why the West is Losing the War on Terror by Michael Scheuer

Radio Liberty: The Secret Government (4 One Hour Interviews) (Required listening!)

U.S. Congressional Committee Reports

* Title: Final Report [of the Church Committee]
* Committee: Select Committee to Study Governmental Operations with Respect to Intelligence Activities
* Publication date: 1976
* Publisher: U.S. Govt. Printing Office

* Title: Project MKULTRA, The CIA's Program of Research in Behavioral Modification
* Committee: Joint Hearing Before the Select Committee on Intelligence and the Subcommittee on Health and Scientific Research of the Committee on Human Resources
* Publication date: 1977
* Publisher: U.S. Govt. Printing Office

* Title: Drugs, Law Enforcement and Foreign Policy
* Committee: Committee on Foreign Relations, Subcommittee on Terrorism, Narcotics and International Operations
* Publication date: 1989
* Publisher: U.S. Govt. Printing Office

* Title: An Assessment of the the Aldrich Ames Espionage Case and its Implications for U.S. Intelligence
* Committee: Senate Select Committee on Intelligence
* Publication date: 1994-11-01
* Publisher:

* Title: Report of Investigation: The Aldrich Ames Case
* Committee: Permanent Select Committee on Intelligence, U.S. House of Representatives
* Publication date: 1994-11-30
* Publisher:


I look forward to additional suggestions...you can get free copies of some of the listed titles below....

http://www.watchmenfaithministries.com/recomendedreading/freebooks.html

Also some are available on Google books as free PDF documents...or for purchase...

http://books.google.com/bkshp?hl=en&tab=wp

A couple other resources are Half.com, EBAY and Bonanzle which I recently used to pick up a copy of The Politician for $5 including shipping.