President Trumps Remarks to the New York Economics Club Yesterday. A look back to his pre-election Speech at the same venue. “It’s The Money Power Stupid, The Gnomes of Zurich, it was ever thus! “Ceterum censeo Carthaginem esse delendam, nihil sub sole novum”. #4Pamphleteers @GrubStreetJorno @Survation @wiki_ballot @financialeyes @DavidGolemXIV #MAGA


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I almost didn’t get it we have ended the
war on American workers we have stopped
the assault on American industry and we
have launched an economic boom the likes
of which we have never seen before I did
this despite a near record number of
rate increases and quantitative
tightening by the Federal Reserve since
I won the election eight increases in
total which were in my opinion far too
fast an increase and far too slow a
decrease because remember we are
actively competing with nations who
openly cut interest rates so that now
many are actually getting paid when they
pay off their loan known as negative
interest who ever heard of such a thing
give me some of that give me some of
that money I want some of that money our
Federal Reserve doesn’t let us do it I
don’t say thank you thank you the smart
people are clapping


SEPTEMBER 15, 2016

Donald Trump outlined aspects of his economic plan in a new speech Thursday, promising an “American economic revival.”

Trump delivered his speech at the New York Economic Club in Manhattan. Here is the text of his remarks as prepared for delivery:

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The portrait of Andrew Jackson in the Oval office might indicate some hidden depths so far undiscovered and certainly unexplored by the Whitehouse press corps, those old enough to know better UnTeenaged scriblers.

Brexit Smexit, Why we should all be feelin the bern and the UK referendum on EU is of no consequence in or out.

Brexit Smexit, Why we should all be feeling the Bern and the UK referendum on EU is of no consequence in or out. Bernie Sanders won in Michigan how many UKIP supporters that want out and how many SNP and Plaid Cymru supporters who want in,  realise the significance of that? Whilst several months of …

Why Trump?

Donald Trump has been subjected to a great deal of scrutiny and many serious charges have been laid at his door. Some will say he is condemned by his own words and of course it seems to be true that Mr Trump is less than the ideal of the Platonic Aristocrat, schooled in the pursuit …

Backing Boris, Echos of Why Trump. What does Narcissus tell us about the New Classicist PM? A PM we can all Look Up to? “His last words as he looked into the familiar pool were ‘Alas, in vain, beloved boy!’ and the place echoed every word, and when he said ‘Goodbye!’ Echo also said ‘Goodbye!’” Bojo a political Metamorphoses?, Skripal and the Road to Damascus.

  Why Trump?  Why Boris?  rogerglewis  Uncategorized  October 21, 2016 12 Minutes     Donald Trump  Boris has been subjected to a great deal of scrutiny and many serious charges have been laid at his door. Some will say he is condemned by his own words and of course it seems to be true that Mr Trump Mr Boris Johnsson …

Why Trump Bombed Syria. Gas Pipelines, Zionism and the PetroDollar

“Greater Israel”: The Zionist Plan for the Middle East The Infamous “Oded Yinon Plan”. Introduction by Michel Chossudovsky By Israel Shahak Global Research, April 01, 2017 Association of Arab-American University Graduates, Inc. 3 March 2013 Region: Middle East & North Africa Theme: Culture, Society & History, Law and Justice, Religion In-depth Report: IRAQ REPORT, PALESTINE, SYRIA: NATO’S NEXT WAR? Global Research Editor’s Note …

Boris Caligulas Priestly Consul discovers His Unger (UNGA)

Syria Cui Bono, Incitatus (Boris Johnson) Caligula (john Kerry) and the Curious case of the New Consul at the United Nations Security Council (Updated 7th April , Trump ordered attack On Syria)


Syria is all about Gas, not poison Sarin Gas but Gas Pipelines. It is also not about Hydro Carbons in themselves but the market for hydrocarbons and which currency contracts of supply are settled in otherwise known  as,  US petrodollar hegemony.

Legitimate question. Does Jared Kushner have any interests in the Leviathan Gas field or any of the Israeli-backed Pipeline projects? #MAGA#Drain The Swamp. Starting to dig around will report back.


Tangled Web,  Syria and Gas. Trump meets Egyptian President, that is a rejection of the Moslem Brotherhood, siding against Qatar in Syria and With Saudi broadly and therefore the ISIL Wahabbist and Saudi funded Al Queda. There’s Gas in them there Golan Heights

Incitatus visits the Forum with due ‘Ungar’ (SIC)

How does one start to fathom where the Rhetoric starts, the Sophistry takes over and the mendacity overwhelms. How can anyone posture from a moral high ground that so long ago already opened up in a great chasm of incredulity and swallowed the US State department whole?
Watching the Un Security council live in session yesterday was cringeworthy. In a summer of consecutive low points, each time relieved that surely they had now done their worse. John Kerry and Boris Johnson yesterday stole the biscuit in a performance that surely would have made even Lucian, the great Roman satirist of the Roman Elite, Blush. Their performances could possibly mark Peak Mendacity, at least for 2016.
Yesterday I was musing on Political Karaoke and Politics idols all stepping up into the limelight to sing the same old neo-liberal standards and make them their own. This is a new form of Geo-Politics, a public broadcasting of truth stretched beyond even lying. I was unsure whether the idea was for the liars to look convinced by their own lies, by which measure they Both Failed miserably; or if the game was even intended to convince anyone that tuned in to listen, that what was being spoken was the truth. Upon reflection this is clearly not a show meant for live broadcast in full, it is a sort of stock of footage through which compliant media types are supposed to salvage the Sound Bites to splice into the talking heads and to give the impression of a convincing narrative. Even on that level, it failed.
So bad were the performances and so unconvincing both the lies and their delivery, correspondents have been reduced to quoting the performance of Kerry and Johnson to provide a coherent context to Mr Kerry´s ‘Stubborn Facts’. The always inconvenient rather more convincing performances of those really trying to get to the bottom of the mess that is Syria were always intended for the cutting room floor, only there to make up the numbers and keep up appearances. Good sports, though the Turks and the Ukrainians especially, agreeing(sic) to make a special appearance, Why?

The Four Ways to Brexit?News Views Pro, Anti Swing. Dominic Cummings the Adversarial Object of the Subjective Inquisition.

Brexit and Indeed democracy is a process which is both emergent and chaotic. The Heuristic analysis of chaotic emergence gets to the heart of an old favourite of this blog, The age-old quarrel between Free Will or Determinism. The dichotomy is perhaps found in the differences between Inquisitorial and Adversarial Legal Systems and indeed Centralised …


If the Gaddafi government goes down, it will be interesting to watch whether the new central bank joins the BIS, whether the nationalized oil industry gets sold off to investors, and whether education and health care continue to be free.

Several writers have noted the odd fact that the Libyan rebels took time out from their rebellion in March to create their own central bank – this before they even had a government. Robert Wenzel wrote in the Economic Policy Journal:

I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising. This suggests we have a bit more than a rag tag bunch of rebels running around and that there are some pretty sophisticated influences.

Alex Newman wrote in the New American:

In a statement released last week, the rebels reported on the results of a meeting held on March 19. Among other things, the supposed rag-tag revolutionaries announced the “[d]esignation of the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and appointment of a Governor to the Central Bank of Libya, with a temporary headquarters in Benghazi.”


Exposing the Libyan Agenda: A Closer Look at Hillary’s Emails

Critics have long questioned why violent intervention was necessary in Libya. Hillary Clinton’s recently published emails confirm that it was less about protecting the people from a dictator than about money, banking, and preventing African economic sovereignty.

The brief visit of then-Secretary of State Hillary Clinton to Libya in October 2011 was referred to by the media as a “victory lap.” “We came, we saw, he died!” she crowed in a CBS video interview on hearing of the capture and brutal murder of Libyan leader Muammar el-Qaddafi.

But the victory lap, write Scott Shane and Jo Becker in the New York Times, was premature. Libya was relegated to the back burner by the State Department, “as the country dissolved into chaos, leading to a civil war that would destabilize the region, fueling the refugee crisis in Europe and allowing the Islamic State to establish a Libyan haven that the United States is now desperately trying to contain.”

US-NATO intervention was allegedly undertaken on humanitarian grounds, after reports of mass atrocities; but human rights organizations questioned the claims after finding a lack of evidence. Today, however, verifiable atrocities are occurring. As Dan Kovalik wrote in the Huffington Post, “the human rights situation in Libya is a disaster, as ‘thousands of detainees [including children] languish in prisons without proper judicial review,’ and ‘kidnappings and targeted killings are rampant’.”

Before 2011, Libya had achieved economic independence, with its own water, its own food, its own oil, its own money, and its own state-owned bank. It had arisen under Qaddafi from one of the poorest of countries to the richest in Africa. Education and medical treatment were free; having a home was considered a human right; and Libyans participated in an original system of local democracy. The country boasted the world’s largest irrigation system, the Great Man-made River project, which brought water from the desert to the cities and coastal areas; and Qaddafi was embarking on a program to spread this model throughout Africa.

But that was before US-NATO forces bombed the irrigation system and wreaked havoc on the country. Today the situation is so dire that President Obama has asked his advisors to draw up options including a new military front in Libya, and the Defense Department is reportedly standing ready with “the full spectrum of military operations required.”

The Secretary of State’s victory lap was indeed premature, if what we’re talking about is the officially stated goal of humanitarian intervention. But her newly-released emails reveal another agenda behind the Libyan war; and this one, it seems, was achieved.

Mission Accomplished?

Of the 3,000 emails released from Hillary Clinton’s private email server in late December 2015, nearly a third were from her close confidante Sidney Blumenthal, the Clinton aide who gained notoriety when he testified against Monica Lewinsky. One of these emails, dated April 2, 2011, reads in part:

Qaddafi’s government holds 143 tons of gold, and a similar amount in silver . . . . This gold was accumulated prior to the current rebellion and was intended to be used to establish a pan-African currency based on the Libyan golden Dinar. This plan was designed to provide the Francophone African Countries with an alternative to the French franc (CFA).

In a “source comment,” the original declassified email adds:

According to knowledgeable individuals this quantity of gold and silver is valued at more than $7 billion. French intelligence officers discovered this plan shortly after the current rebellion began, and this was one of the factors that influenced President Nicolas Sarkozy’s decision to commit France to the attack on Libya. According to these individuals Sarkozy’s plans are driven by the following issues:

  1. A desire to gain a greater share of Libya oil production,
  2. Increase French influence in North Africa,
  3. Improve his internal political situation in France,
  4. Provide the French military with an opportunity to reassert its position in the world,
  5. Address the concern of his advisors over Qaddafi’s long term plans to supplant France as the dominant power in Francophone Africa


Article 50, Globalisation and the real seat of power. The Top Table and The Trump Card.And the elephant in the room.

The Elephant In the Room. Article 50, Globalisation and the real seat of power. The Top Table, The Trump Card & The Elephant in the room. A brief look at the hysteria in Liberal and Progressive chattering circles and it is hard not to feel concern for the anguish obviously felt by those afflicted by …

To get up to Speed on the big one I recommend Charles Fergusons Oscar Winning Documentary Inside Job.
President Donald Trump with all of his rhetoric on reclaiming sovereignty and draining the swamp is equally heavy with the pregnancy of what is left unsaid regarding all of the same aspects of ignorance as to where the true power lies. The portrait of Andrew Jackson in the Oval office might indicate some hidden depths so far undiscovered and certainly unexplored by the Whitehouse press corps, those old enough to know better UnTeenaged scriblers.

In the money power, one sees the logic of the path to liberalisation and increasing debt. Bank debt money and its inverse relationship to the notion of national sovereignty is the unspoken tyranny, truly it is the last Taboo of the quarrel between the Financial Oligarchy sultans´ and its  two European Eunuchs, the Bank of England and The ECB. Mark Carney and Dr Scheubel should be centre stage, they of course in best wizard of oz traditions remain behind the curtain.

Meet The Fuggers, Brexit, The Euro and Clueless Elites.

Meet the Fuggers or, its the Money Power stupid.

Brexit, The Euro and clueless Elites.

An open Letter to President Trump regarding the federal reserve could with a few minor word changes apply equally well to the abject failure of the European presidents to understand Modern Money.

“In the modern economy, most money takes the form of bank deposits. But how those bank deposits are created is often misunderstood: the principal way is through commercial banks making loans. Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money. The reality of how money is created today differs from the description found in some economics textbooks: • Rather than banks receiving deposits when households save and then lending them out, bank lending creates deposits.” (Emphasis BoE), Money Creation in the Modern Economy, 2014

The Bank of England seems to have let the UK government know the ECB has perhaps not been so forthcoming with the ´´FIVE´´presidents.
At this point for you dear reader and the `Five Presidentees´,  I would like to effect the Introduction of a Brilliant Finance Scholar, If only the Technocrats would seek out real experts rather than Cronies in considering such important matters.

Introducing Professor Richard Werner.

Joseph Schumpeter was good on money and Werner’s thesis quotes extensively from him, ( see below). Werners´ empirical evidence that private banks are making loans without reserves proves that the ECB MONETARY model is the same extractive ´´Bankster´model that has brought penury and poverty to all countries in the EU as it has across the Globalised economy. All countries even the richest ones. Schumpeter is also prescient with respect to the reality of democracy in his competing elites model. The modern model has now reached a kind of stagnation where the Elites seem now to dispense with the necessity to compete. Schumpeter’s other peculiar Genius was in identifying what democracy really means in the Modern form of Elitist Technocratic Government as represented By The EU and its Institutions. I refer of course to Schumpeter’s Competing Elites model of democracy.
To remain with Money, for now, not just the Euro and Stirling but all money falling under the auspices of the IMF, World Bank and International Bank of Settlements.

Here is Steve Keen, the very sharp professor of heterodox monetary theory tackling this question and Joseph Stiglitz in this Entertaining and educational article.
Note To Joe Stiglitz: Banks Originate, Not Intermediate, And That’s Why Aggregate Demand Is Stuffed

This is my Comment posted against the same article, providing the proof for Professor Keen´s assertions from Professor Richard Werner, Who I promised to introduce you to.

” Money created by banks when they make loans so says Ben Bernake on Live TV clip at 14.58 min

Richard Werner ‏@ProfessorWerner First empirical test in 5000 years of banking on whether each individual bank can create money out of nothing is out …

If you skipped the links and took me at my word here’s a bit more of Schumpeter to tee up our shot.

“Something like a certificate of future output or the award of purchasing power on the basis of promises of the entrepreneur actually exists. That is the service that the banker performs for the entrepreneur and to obtain which the entrepreneur approaches the banker. … (The banker) would not be an intermediary, but manufacturer of credit, i.e. he would create himself the purchasing power that he lends to the entrepreneur …. One could say, without committing a major sin, that the banker creates money.” 14
Schumpeter (1912, p. 197, emphasis in original)

“[C]redit is essentially the creation of purchasing power for the purpose of transferring it to the entrepreneur, but not simply the transfer of existing purchasing power. … By credit, entrepreneurs are given access to the social stream of goods before they have acquired the normal claim to it. And this function constitutes the keystone of the modern credit structure.”
Schumpeter (1954, p. 107)

And finally Professor Werner in his own words.

´´Among the many different monetary system designs tried over the past 5000 years, very few have met the requirement for a fair, effective, accountable, stable, sustainable and democratic creation and allocation of money. The view of the author, based on more than twenty-three years of research on this topic, is that it is the safest bet to ensure that the awesome power to create money is returned directly to those to whom it belongs: ordinary people, not technocrats. This can be ensured by the introduction of a network of small, not-for-profit local banks across the nation. Most countries do not currently possess such a system. However, it is at the heart of the successful German economic performance in the past 200 years. It is the very Raiffeisen, Volksbank or Sparkasse banks – the smaller the better – that were helpful in the implementation of this empirical study that should serve as the role model for future policies concerning our monetary system. In addition, one can complement such local public bank money with money issued by local authorities that is accepted to pay local taxes, namely a local public money that has not come about by creating debt, but that is created for services rendered to local authorities or the community. Both forms of local money creation together would create a decentralised and more accountable monetary system that should perform better (based on the empirical evidence from Germany) than the unholy alliance of central banks and big banks, which have done much to create unsustainable asset bubbles and banking crises (Werner, 2013a and Werner, 2013b).

Professor Werner is the Author of the wonderful book Princes of the Yen which is also the title of a Film of the same title. It shows how the forces of neo-liberalism and dollar hegemony were used through the Federal reserve to Liberalise and ruin the Japanese economy pulling down what it had created.

Of course the WTO, IMF and International Bank of settlements all figure in our story and the Private Federal reserve is a key player in the 2008 financial Crisis, Ben Bernake being in the front seat of this speech given by Jean Claude Trichet. In 2012

Brexit and Indeed democracy is a process which is both emergent and chaotic. The Heuristic analysis of chaotic emergence gets to the heart of an old favourite of this blog, The age-old quarrel between Free Will or Determinism. The dichotomy is perhaps found in the differences between Inquisitorial and Adversarial Legal Systems and indeed Centralised Command and Control or Subsidiarity and devolved Distributed decision making known as Direct Democracy.

Here follow the components of this thought process.

“Ceterum censeo Carthaginem esse delendam”, nihil sub sole novum. The UK the EUssr’s Carthage. #MayMustFall #WTOSOBeIt.