‘Military action was not a last resort’: Chilcot finally releases Iraq War report – 07.06.16

  • Britain chose to join the invasion of Iraq in 2003 before peaceful options for disarmament had been exhausted, the Chilcot Inquiry has found. Sir John Chilcot’s seven-year inquiry concluded that military action “was not a last resort.”The massively delayed and hugely controversial Chilcot Inquiry, reporting back on Wednesday, was tasked with examining the first eight years of the war, starting with the run-up to hostilities and including the period of occupation.
    The report’s main focus is on what commitments then-Prime Minister Tony Blair gave to then-US President George W Bush ahead of the invasion, and whether the former PM misled the British public over the threat posed by weapons of mass destruction (WMD), which turned out to be non-existent.
  • Others in line for criticism include spy agency MI6 for providing inaccurate intelligence, and military commanders for failing to stand up to Blair.
  • Speaking on the findings of the report, Sir John Chilcot says the severity of the threat posed by Iraq’s WMDs was “presented with a certainty that was not justified.”
  • He says “despite explicit warnings, the consequences of the invasion were underestimated,” and the planning for Iraq after Saddam Hussein was “wholly inadequate.”
  • Chilcot says the government “failed to achieve its stated objectives.”
  • After the attacks in New York on September 11, 2001, Blair urged Bush not to take hasty action on Iraq, Chilcot says.

Read more at:Military action was not a last resort’: Chilcot finally releases Iraq War report

Source: rt.com…

The Gold Standard: Friend Of The Middle Class – 07.05.16

  • It has been theoretically demonstrated and seen in general practice that a monetary system of 100% metallic money devoid of central banking checks monetary inflation, prevents a general rise in the price level, and eliminates the dreaded business cycle while making all sorts of monetary mischief nearly impossible. A gold standard is not only economically superior to any paper money scheme, but is morally just, which is why it is hated by the politically well-connected, academics, politicians, and the rest of the Establishment.
  • Often not discussed, however, even by its proponents is the beneficial effect that “hard money” has for the middle class.
  • It is not a coincidence that since the U.S. left the last vestiges of the gold standard in 1971with President Nixon’s nefarious decision to no longer redeem international central bank payments in gold, real wages for Americans have stagnated. Nixon’s decision to put the nation on an irredeemable paper money standard set it on a course of economic ruination, which is why he should have been hounded from office not for his role in the bungled, petty cover up at the Watergate.
  • Stagnating wage rates have been confirmed by a number of studies, take, for instance one from the Pew Research Center which states that “today’s average hourly wage has just about the same purchasing power as it did in 1979. . . . [I]n real terms the average wage peaked more than 40 years ago: The $4.03-an-hour rate recorded in January 1973 has the same purchasing power as $22.41 would today.”*
  • While the absence of the gold standard has impoverished laborers, it has benefitted (not surprisingly) the very wealthy – hence, the reason why it was abandoned, as the Pew Study reports: “What gains have been made, have gone to the upper income brackets. Since 2000, usual weekly wages have fallen 3.7% (in real terms) among workers in the lowest tenth of the earnings distribution, and 3% among the lowest quarter. But among people near the top of the distribution, real wages have risen 9.7%.”
  • Of course, this was part of Nixon’s plan: redistribution of wealth from the middle class and low income groups via money printing to the political class. Such a scheme, however, could have only happened if the gold standard was eliminated.

Read more at:The Gold Standard: Friend Of The Middle Class

Source: zerohedge.com…

The Economic Collapse Dominoes Are Beginning To Fall – Episode 1014

Economic Dominos Are Beginning To Fall
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The economy is deteriorating and the rail traffic economic indicator is flashing red. Factory orders fall. Bank of England makes a move for the BREXIT. Dominoes are beginning to fall as the UK halts trading on Aviva Property Fund. Italian banks are on the verge of collapsing. FBI order Orlando records sealed. DHS wants to vet people entering the US using their social media accounts. Leaked documents show how easy it is for the FBI to spy on journalists. French want to combine their intelligent agencies into one. Japan places a fire lock on a Chinese jet. NATO says Canada’s agreement is open ended. Sweden joins NATO, Hungary wants a referendum to stop the refugees and Turkey will allegedly give citizenship to Syrian refugees. Leaked document shows the US uses drones for terror. Russia sales aircraft carrier into the Mediterranean for operation later this year in Syria. US supplying weapons to Saudi Arabia which are sold to the IS. NATO is going to get more involved in Africa and will supply AWACS for operations in Iraq and Syria. Spanish Intelligence is expecting an event from the IS.

Check Out The X22 Report Spotlight YouTube Channel –  X22Report Spotlight

Please check Newzsentinel.com for the latest news on the economic collapse. The Sentinel Alerts are updated throughout the day. If you haven’t already, go to “The People” and join the community of people who are helping each through the economic collapse.


Current News – 07.05.2016


Economy

“Off The Rails” – What Slumping Rail Traffic Tells Us About The U.S. Economy

  • For the FIRST TIME since the 2009 recession, YTD values are down versus the prior year. The last time this happened was in 2007, which presaged significant economic weakness ahead, although with quite a lag. 

The Price Of Silver Explodes Past 20 Dollars An Ounce As The European Banking Crisis Deepens – 07.05.16

  • Have you seen what the price of silver has been doing?  On Monday, it exploded past 20 dollars an ounce, and as I write this article it is sitting at $20.48.  Earlier today it actually surged above 21 dollars an ounce for a short time before moving back just a bit.  In late March, I told my readers that silver was “ridiculously undervalued” when it was sitting at $15.81 an ounce, and that call has turned out to be quite prescient.  The Friday before last, silver started the day at $17.25 an ounce, and it is up more than 18 percent since that time.  Overall, silver is up more than 30 percent for the year, and that makes it one of the best performing investments of 2016.  So what is causing this sudden surge in the price of silver?  This is something that we will discuss below…
  • This sudden spike in the price of silver has definitely caught a lot of analysts off guard.  Some are suggesting that the fact that the Fed is now less likely to raise rates after the Brexit and the fact that the dollar has been slipping a bit lately are the primary reasons for silver’s rise…

This isn’t a gradual increase either. It’s an explosive growth spurt. Just three months ago silver had reached an 11 month high. Now silver prices have reached a 23 month high. Several factors appear to be influencing these gains, including a weakening dollar, and the fact that the Fed may cut interest rates in light of the Brexit vote.

  • Personally, I don’t buy those explanations.
  • To me, the continuing implosion of major banks over in Europe is the main factor that is driving investors to safe haven assets such as silver

Read more at:The Price Of Silver Explodes Past 20 Dollars An Ounce As The European Banking Crisis Deepens

Source: theeconomiccollapseblog.com…

It’s The Fourth Of July! Why Am I Sad?

  • When I was a boy, one of my favorite holidays was Independence Day. I was an enthusiastic student of the War for Independence. My favorite book was the How and Why Wonder Book of the American Revolution by Felix Sutton. I spent a lot of my childhood reading about the colonial era, the lives of people like Sam Adams, Paul Revere, Thomas Jefferson, Patrick Henry, and George Washington. I learned all about our American forefathers’ struggle for liberty against a king who merely treated them as revenue-generating pawns. I was nine years old when the US celebrated its bicentennial and my mother wallpapered my room with a red, white, and blue colonial American themed paper and I had various prints of famous revolutionary war scenes hanging on the walls. I looked forward every year to the day celebrating the signing of the Declaration of Independence.
  • Over the years, alas, my enthusiasm became dampened so that now, if I am exposed to any mainstream media celebrations of Independence Day, I do not feel the joy I once did. Instead I feel more like Charlie Brown at the beginning of A Charlie Brown Christmas. Remember in that childhood classic how, when Christmas approaches, Charlie Brown tells Linus that he knows he should be happy, but instead he always ends up feeling depressed. I increasingly get the same feeling as people gear up for 4th of July celebrations.
  • Now, much older and perhaps wiser, when I hear the popular media gushing about our freedoms, the Declaration of Independence, the Liberty Bell, Celebrate America concerts, and all the rest on the Fourth of July, instead of being happy, I feel a tinge of sadness. I like celebrating the Fourth of July by, say, gathering with friends, teaching my children about the Founding Fathers, reading the Declaration, and watching fireworks, but when I think about where we started and what we have become, like Charlie Brown I end up melancholy. This is because the politicians and the media talking heads clearly have no idea what they are talking about. Most seem to not even know what liberty really is. The only politician at the national level who spoke about freedom and the Constitution with actual conviction was Ron Paul and they laughed him off the stage. Instead, popular journalists and pundits try to make us believe that we are free because we are allowed to have other people vote away our liberties.

Read more at:It’s The Fourth Of July! Why Am I Sad?

Source: zerohedge.com…

Current Economic Collapse News Brief – Episode 1013

Current Economic Collapse News Brief
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In this news brief we will discuss the latest news on the economic collapse. We look to see if things are really that different. The central bank will not stop at just confiscating your wealth they will want your life. They want to enslave the people.

Check Out The X22 Report Spotlight YouTube Channel –  X22Report Spotlight

Please check Newzsentinel.com for the latest news on the economic collapse. The Sentinel Alerts are updated throughout the day. If you haven’t already, go to “The People” and join the community of people who are helping each through the economic collapse.


Current News – 07.04.2016


Economy

US’ Largest Private Coal Miner To Layoff 80% Of Staff Due To “Obama’s Ongoing Destruction”

  • In the last five years, coal has gone from hero to zero. There was a time in the not so distant past that coal was the unquestioned all-star of the energy mix. Just over a decade ago, coal-fired power generated more than 50% of U.S. electricity. Coal is cheap and found almost everywhere, but it’s also extremely easy to scale with.  the decline of coal has been swift and unprecedented. That’s why it is expected that by 2020, only 22% of electricity will be generated from the fossil fuel.

Old Men Start Wars, Young Men Die In Them – 07.04.16

  • “Older men start wars, but younger men fight them.” ~ Albert Einstein
  • “Older men declare war. But it is the youth that must fight and die.” ~ Herbert Hoover
  • “I’m fed up to the ears with old men dreaming up wars for young men to die in.” ~ George S. McGovern
    One hundred years ago – on July 1, 1916 – thousands of young men died after older men decided, again, to send them to war. On the first day of the Battle of the Somme, the British army suffered 57,470 casualties, of which 19,240 were deaths, the French had 1,590 casualties, and the Germans had over 10,000. It was the single greatest day for casualties in British military history. By the time the Battle of the Somme ended in November, the British had around 420,000 casualties, the French about 200,000, and the Germans about 500,000.
  • One would think that when almost 20,000 of your young men in the prime of their life die in one battle on one day that the British would simply say “enough is enough” and just tell the army to quit fighting and go home. But no, the British army continued to execute men for desertion like the hundred or more that suffered that fate in the two years before the Battle of the Somme.
  • It is senseless slaughter like the Battle of the Somme that led Ernest Hemingway, who was an ambulance driver in Italy toward the end of World War I, to say:
  • They wrote in the old days that it is sweet and fitting to die for one’s country. But in modern war there is nothing sweet nor fitting in your dying. You will die like a dog for no good reason.
  • Never think that war, no matter how necessary, nor how justified, is not a crime.
    Over 115,000 American soldiers would go on to die like dogs for no good reason after the United States foolishly and senselessly entered World War I in April of 1917. The thousands of U.S. troops who in more recent times died in Iraq and Afghanistan likewise senselessly died in vain and for a lie.

Read more at:Old Men Start Wars, Young Men Die In Them

Source: zerohedge.com…