News to watch
Sep 05, 2015
The big news in the media this week has been the tsunami of immigrants from the war-torn countries in the Middle East into Europe. Some are alarmed about this and want to stop the immigration, because most are coming in illegally. Others consider them to be refugees and want to assist them. In either case, they are being forced to cope with a horrendous problem brought about by US foreign policy.
The US plan, drawn up under former President G. W. Bush, and continued under President Obama, was to destabilize seven Mideast countries and institute “regime change.” According to General Wesley Clark, this plan was first given to the Pentagon in 2001 shortly after the World Trade Center was demolished.
Europe is now eating the fruit of this US policy. Europeans are probably too busy right now to demand that the US end its wars in Syria and Afghanistan. But the time will come when they will have more time to ponder this. When they do, there will be bad feelings between Europe and the US.
This can only have one outcome: a rift between Europe and the US. Russian president Putin has been warning of this for a long time, but few leaders in Europe have taken him seriously.
The 28 Secret Pages
The Congressional Report on the Twin Towers demolition was released some time ago with 28 pages redacted on the grounds of “national security.”
Congressmen are now allowed to read it after being sworn to secrecy. It appears that so far just eight have done so. They were all disturbed at the Mideast nations (plural) who had a hand in bringing down the Twin Towers. They are not allowed to say who these nations are—well, almost; they do name Saudi Arabia—but suddenly, they stopped supporting Israel. Is that the second nation involved in 911?
Some of these Congressmen have now introduced a bill demanding the release of those 28 pages. They claim that there is no real issue of “national security” involved. The problem is “relational,” not “national.” In other words, it would affect our relationship with certain nations in the Mideast, presumably because it would implicate “friendly” nations with whom the US government wants to maintain as allies in spite of their acts of war against us.
Years ago, Fox News commented on these 28 pages in a short segment here:
There have also been reports and rumors that Putin is going to release evidence that Russian Intelligence has gathered, along with satellite information about 911. Could it be that Putin knows the contents of those 28 pages and considers releasing it to the public?
The Iran Nuclear Deal
A few months ago US negotiators signed a nuclear deal with Iran, subject to Congressional approval. The Israeli government strongly opposes it, as they have been trying desperately to find an opportunity to bomb Iran instead. Now their tactic is to pressure of bribe congressmen to negate the deal.
But in the end, congressional approval hardly matters. The world is already restoring diplomatic relations with Iran, and momentum is building for the end of all sanctions. Congress won’t be able to stop this momentum. Even if they try, the US State Department probably won’t enforce it to any great extent.
Two weeks ago, the UK reopened its embassy in Tehran.
On Sunday, the United Kingdom reopened its embassy in Tehran, four years after it closed the diplomatic mission. The UK’s announcement comes as European countries are eager to open up business relations with the large Iranian market.
If the US stands in the way of European countries doing trade with Iran, it will just drive one more wedge between Europe and the US. The US is already in danger of isolating itself from the rest of the world and is in danger of becoming diplomatically irrelevant. It will not be long until world trade will no longer be controlled from the Fed in NYC through the SWIFT system. China and Russia have already built alternatives for making online payments between countries, using their own currencies. The longer the US government wages economic war against Russia and China, the harder it will fall.
Financial volatility tends to shake out weak and vulnerable banks. One of the biggest banks in the world is HSBC. On August 28, following two weeks of market volatility, HSBC failed to pay their employees and customers.
Thousands of people have been left without their salaries because of an IT glitch at HSBC that means employers who use its business banking accounts cannot make payments.
Some 275,000 individual payments failed to go through on Friday leaving potentially hundreds of thousands of people without their pay on the Friday before the bank holiday weekend….
“None of our 150 staff have been paid, which before a long weekend is a disaster,” the owner of one business told the Guardian. “HSBC is very non-committal as to whether any monies will clear between now and Tuesday when the banks reopen, and it’s causing a huge concern for our young workforce who were relying on their pay before the bank holiday.” …
Businesses that bank with HSBC are finding that they are unable to pay their suppliers, with the online banking facilities temporarily closed.
HSBC claimed it was an IT glitch (computer related). But the recent turmoil in China’s stock market, along with the devaluation of the yuan, could well be the real reason. It would be “normal” for them to blame a computer glitch, rather than to admit the real problem. If customers thought the big bank was insolvent, they would flee and cause a bank run. Hence, in such cases, lying is seen as a necessity. OK, we understand. But they should forgive us if we remain suspicious.
It is rumored that the Fed bailed them out with an emergency loan last week end. But if we see more financial turmoil like we saw in the past few weeks, HSBC should be on our watch list for bank failures that would have a Lehman Brothers effect on the world. (Remember September 2008?)
The Next Downturn
Market volatility is here to stay, according to financial “experts” that are being interviewed on mainstream television. That means the markets go up and down hundreds of points at a time. This past week we saw that happen.
The prophetic word which I shared last week stated that the markets would go down and back up three times, and then crash on the fourth downturn. In today’s market, we have to interpret this as meaning a downturn of, say, 1000 points. Going up and down a mere 500 points is just part of the market volatility.
Right now the Dow stands at 16,102, down more than a thousand points from its high last month. It dropped 272 points Friday. But it is still above its low point on August 25. In my view it would have to get down below 15,500 to qualify as the next downturn in the prophecy.
Of course, a big bank failure could cause this.