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A Cyber War With North Korea And An Economic War With Russia

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North KoreaIn addition to all of our wars in the Middle East and the war that has erupted on the streets of America, we are now engaged in a cyber war with North Korea and an economic war with Russia.  Without a doubt, the United States has the capability to do a tremendous amount of damage to both of them.  But what about the damage that they could potentially do to us?  We have a society that is absolutely teeming with soft targets.  Our Internet infrastructure is extremely vulnerable, our debt-based economic system is already teetering on the edge of disaster, and government officials freely admit that security at key facilities such as power plants is sorely lacking.  And these kinds of bitter conflicts have a way of escalating.  The North Koreans and the Russians are both very proud, and neither one is going to back down any time soon.  If a foreign power wanted to really make us hurt, it wouldn’t take much imagination at all.  There are thousands of ways to do it.  So Americans should not just smugly assume that we are untouchable.  In a war, it is often those that are overconfident that get hurt the worst.

Last week, Barack Obama blamed North Korea for the nightmarish hack attack on Sony Pictures Entertainment and he promised that the U.S. would respond.

Well, it looks like that response began on Monday.  According to Bloomberg, North Korea’s connection to the Internet was totally cut off…

North Korea’s limited access to the Internet has been cut off, according to a network-monitoring company, days after the U.S. government accused the country of hacking into Sony Corp. (6758)’s files.

North Korea, which has four official networks connecting the country to the Internet — all of which route through China — began experiencing intermittent problems yesterday and today went completely dark, according to Doug Madory, director of Internet analysis at Dyn Research in Hanover, New Hampshire.

Needless to say, that got the attention of the North Koreans.

On their end, the North Koreans are still denying that they had anything to do with the attack on Sony.  And we may never know the actual truth.  In reality, Russia could have carried out such an attack.  Or it could have been the Chinese.  Or it could have even been a false flag cyberattack conducted by a three letter U.S. agency.  We just don’t know.

But what we do know is that North Korea is now vowing to take action against “the White House, the Pentagon and the whole U.S. mainland“…

“The DPRK has already launched the toughest counteraction. Nothing is more serious miscalculation than guessing that just a single movie production company is the target of this counteraction. Our target is all the citadels of the U.S. imperialists who earned the bitterest grudge of all Koreans,” a report on state-run KCNA read.

“Our toughest counteraction will be boldly taken against the White House, the Pentagon and the whole U.S. mainland, the cesspool of terrorism,” the report said, adding that “fighters for justice” including the “Guardians of Peace” — a group that claimed responsibility for the Sony attack — “are sharpening bayonets not only in the U.S. mainland but in all other parts of the world.”

So can North Korea back up those bold words?

We shall see.

But without a doubt our Internet infrastructure is very vulnerable.  As I have written about previously, our big banks are under Internet attack every single minute of every single day.  And in recent months we have seen a whole host of retailers and major corporations get hacked.

This is an emerging threat that should not be underestimated.  As a society, we have become extremely dependent on the Internet, and these attacks are constantly becoming more powerful and more sophisticated.

I think that Steve Quayle put it very well during one recent interview…

“Cyberwarfare is increasing dramatically as we speak. There are serious concerns about the ability of the United States’ banking system to whether extremely sophisticated cyberattacks. The Sony breach is just one example of how a detrimental cyberattack can bring one of the world’s most prominent entertainment giants to its knees.”

And we do know that the North Koreans take hacking very seriously.

In fact, it has been reported that North Korea has a small army of hackers that are continually harassing the western world known as “Unit 121″…

Just like in a Bond movie, an army of teenage geniuses tap away at keyboards in fortified complex tucked away from prying eyes in a rogue state, bent on bringing cyber-carnage to their Western enemies on the orders of their leader who is bent on revenge.

But this isn’t the plot line from a film. This is North Korea in 2014. And the cyber-warriors inside have diverted from their usual work of disrupting governments and big business to turn their collective fury on Sony.

The building, the Kim Il-Sung Military Academy, is one of four North Korean universities known to train children, hand-picked for their intelligence from all around the country, and turn them into recruits for an elite group of hackers simply known as Unit 121 or Bureau 121.

Meanwhile, the struggle between the United States and Russia over Ukraine has escalated into a full-blown economic war.

At first, both sides started slapping each other with relatively minor economic sanctions.

But then things started escalating.  I think that things really began to get serious for the U.S. when Russia started to make moves against the petrodollar.  This is not something that has been reported on much at all by the mainstream media in the United States, but it is a very big deal.  If you want to become enemy #1 in the eyes of the U.S. government, just start attacking the petrodollar.  So when Russia began cutting the U.S. dollar out of oil and natural gas transactions, that definitely got the attention of some folks in Washington.  You can read much more about what Russia has been doing in this regard in this article, this article and this article.

Of course Washington was not just going to sit back and let this happen.  The Obama administration has retaliated by going after two of the most important pillars of the Russian economy – oil and the ruble.  And without a doubt, a tremendous amount of damage has already been done.

At this point, Russia is facing a full-blown currency crisis, major banks are starting to fail and economists are forecasting a deep recession for next year

The central bank bailed out its first victim of the collapsing currency, authorities announced a tax on grain exports to protect domestic stocks and a Reuters poll of 11 economists predicted that Russia’s gross domestic product would fall 3.6 percent next year.

Russia has been hit by what Economy Minister Alexei Ulyukayev recently called a “perfect storm” of plummeting oil prices, sanctions related to its military action in Ukraine, and a flight of investors’ capital — made worse by a lack of structural reforms that means the economy is overwhelmingly dependent on oil revenues.

But don’t count out the Russians just yet.

They are a very crafty people, and they are not afraid to fight dirty.

And it is important to keep in mind that the Russian Bear never forgives and it never forgets.  Most Americans don’t realize this, but right now anti-American sentiment in Russia is actually higher than it was at the end of the Cold War era.  Many Russians believe that this is a new Cold War, and that the United States is the greatest force for evil on the entire planet.

So while many Americans view this current conflict as a temporary foreign policy tussle about Ukraine, many Russians view this as a long-term struggle that is absolutely critical to the future of humanity.  If you doubt this, you should check out some of the things that their leading thinkers have been saying.

This conflict between the United States and Russia is not going to end any time soon.  And someday down the road, it could evolve into something more than just an economic war.  But before that happens, the Russians have a whole host of other ways that they can damage us.

Yes, the United States can hurt Russia.

But Russia can also hurt us.

In the end, this conflict is not going to be good for anyone.

  • Robert

    Had to happen sooner or later. Now is as good a time as any. Do not underestimate US capabilities in any sense and do not give more credit to others than perhaps is warranted. What u should do is prepare for as many contingencies as you can afford. Spread your money around. Put some in small local banks and not everything in the big five banks. Michael’s blogs have plenty of prepare information. If u have been putting prep off now would be a good time to forget Xmas and do something useful. We live in interesting times.

  • GSOB

    Only God knows how much time we have left before all hell breaks loose in America.

    • Kim

      True. Be we aren’t totally in the dark here. He provided signs and our intellectual ability to recognize them.

      • TK

        I agree +1

    • kate

      U.S. economy grew at annual pace of 5% in Q3, up sharply from previous estimate!
      explain this? ecomoni

      • Mike Smithy

        Zero Hedge just posted an article that explains the mysterious rise in Q3 GDP. It was deferred projections in ObamaCare expenditures. Move along folks, nothing to see here but manipulated fraudulent data, smoke and mirrors.

        • jo6pac

          LOL and Thanks

          • Mike Smithy

            Yep, the Fed prints fiat, Treasury sells bonds to the Fed, Treasury sends fiat payments to the insurance companies because they have issued subsidized policies to millions of Americans. However, most of those policies have an incredibly high deductible so the sick decline to seek medical care. Therefore, the insurance companies pay out very little and this constitutes a boost to GDP. Isn’t Fascism wonderful. Just ask most Canadians, healthcare coverage does not mean that you have access to healthcare in any meaningful way.

        • alan

          Yea but the stawk market broke 18,000, so the economy must be doing good. /s

  • FortuneSeek3rz

    We will win both of the “wars” in the context presented handily. What we don’t want is a WWIII with a nuclear component. Give our our military capability combined with our allies, we’d likely win that too but the economic cost could upset the domestic growth economy for years. At any rate, here and now, the U.S. is the best place to live, work and play given our immense natural resources and vast intellectual property.

    • Gay Veteran

      “We will win both of the “wars” in the context presented handily….”
      all empires think that.

      the U.S. is very vulnerable to black swans, and all Russia has to do is unleash some, like demanding payment for oil/gas in gold

      • FortuneSeek3rz

        I like the only option for failure being a black swan. That’s a sign you’re in a very good position.

        • Gay Veteran

          ROFLOL, right, try listening to Dr. Paul Craig Roberts (served in the Treasury Dept. under Reagan) or Gerald Celente

          • FortuneSeek3rz

            Some people can’t stand prosperity. For those who are on their last chance for vindication the black swan will always be a future event.

          • Gay Veteran

            what prosperity? oh, you mean for the top 0.1%. yeah, they are really prospering (courtesy of the Federal Reserve). main street, no

          • FortuneSeek3rz

            I’m speaking of a median household income of 31,000 dollars which ranks fourth in the world. That prosperity.

          • Gay Veteran

            the middle class is being destroyed in this country, wake the F up

          • FortuneSeek3rz

            The middle class needs to get smarter about their options. Too many people burying their head in Facebook, tv shows and tweeting what they had for breakfast instead of trying to better themselves. As Dave Ramsey said on the radio the other today, “in America today you can be stupid and still get rich. It’s just that easy”

          • Gay Veteran

            and pray what options do the middle class have?

            “…As Dave Ramsey said on the radio the other today, “in America today you can be stupid and still get rich. It’s just that easy””

            yeah, if you’re a Wall Street bankster

          • FortuneSeek3rz

            Lot’s of help wanted signs around and corporate and government job boards have ample opportunities posted. America is hiring and pay is increasing. Do Americans really still want to work? I guess we’ll find out.

          • Gay Veteran

            you have got to be a paid troll.
            have you even looked at the labor participation rate?!?!?!?

          • FortuneSeek3rz

            Have you looked at American demographics?

          • Gay Veteran

            yes
            have you looked at the labor participation rate? it is pretty bad if things are going go swell

          • FortuneSeek3rz

            It’s where it should be given America’s aging population. It’s a good sign that baby boomers who spent their lives working and raising children have sufficient income and savings to retire.

          • Gay Veteran

            pure BS you paid troll.

            “…With 24% of “baby boomers” postponing retirement, due to an inability to retire, it is not surprising that the employment level of individuals OVER the age of 65, as a percent of the working age population 16 and over, has risen sharply in recent years…

            Regardless of which side of the low labor force participation rate argument you stand on, it is hard to argue that it is simply a function of retiring “baby boomers.” While political arguments are great for debate, it is the economics that ultimately drive employment. While the Fed has inflated asset prices to the satisfaction of Wall Street, as shown in the first table above, it has done little for the middle class. It is ultimately fiscal policy that will help business create employment, the problem is that businesses need less of it while government officials keep piling on more.

            In the meantime, stop blaming “baby boomers” for not retiring – they simply can’t afford to….”

          • FortuneSeek3rz

            Thousands are retiring every week. They most certainly can afford to, most of them anyway. And I congratulate them.

          • Gay Veteran

            and many are taking Social Security at 62 because they can’t find a job.

            yep, you’re a government paid troll sent here to deceive and confuse

          • alan

            I found a lot of the so called openings are bogus. They are anticipated openings or collecting resumes for possible expansion.
            I was told this by recruiter. They get an order to search for a candidate, they post the opening, then the company never follows through for one reason or another and eventually the job goes away.

          • Gay Veteran

            from Zero Hedge:

            “…The chart [sourced from St. Louis Fed] indicates that standard of life peaked in the late 1990′s and has dropped since. I expect, even anecdotally, most of us old enough to do so, reminisce about the late 1990′s as being very good economic times indeed. Now in order to alleviate short term bumps we can look at the longer term trend and it tells us that standard of living was improving through the late 1990′s at which time it generally plateaued through 2007. However, subsequent to 2007 even the long term trend has turned negative. Meaning our standard of life, even after smoothing for bumps in the road is truly on the decline….”

          • FortuneSeek3rz

            I hear Greece, Venezuela and Syria could use a good influx of healthy American dollars. I don’t see anyone running out of the country though. The U.S. is still the land of opportunity and relative to the rest of the world is an excellent place to live.

          • Gay Veteran

            I hear Greece, Venezuela and Syria could use a good influx of ANY currency.
            The “land of opportunity” is getting worse year after year.

          • alan

            People are too broke to feed themselves let alone pay thousands of dollars to move out of the country.

        • Gay Veteran

          who says its the only option?
          look at our massive unemployment, under-employment, debt, lack of savings, etc.

    • Joel

      FortuneSeek, honestly this is “Lalaland” wishful thinking.
      Although I don’t want the US to go down the tube, let’s be honest with ourselves, other countries have hackers as big geniuses that the US has and the US is not the country it once was, far from it.

      And, if you know a little bit about Russian and Asian mindset you would know one thing for certain, the US would NEVER won those wars (Russians also have kind of nuclear weaponry, and NK is backed up by China which as a lot of nuclear weapon also).

      The US could won those wars if it was fighting an enemy with the SAME kind of mindset (Germany comes to mind here), but fighting an opponent thinking war differently than Westerners is something totally different (Vietnam comes to mind, but also Afghanistan more recently)… this is the main lesson of the “Art of War” from Sun-Tzu, and “On War” from Von Clausewitz. (example in History abound of Empires fighting and losing a war with an enemy thinking totally differently – Medo-Persians against the Greeks, Rome against the Barbarians, French Empire against the Russians, Russians against Afghans)

      Secondly, I agree with Gay Veteran, all Empires says the same kind of things… especially just before the fall. I think there is a proverb saying something like : “Before the fall comes arrogance.”

      It is condescending to think that the US is better than any other places in the world in the 21th Century. In today’s world many people don’t believe in the American Dream anymore, mainly because now they have access to enough information about the US than before and they can see that America is not close to the dream it was.

      A foreigner learning that even Americans prefer to abandon their citizenship (something unthinkable even 10 years ago) would certainly reconsider is own point-of-view on the US. America lives on the shadow of its glorious past, and its citizens on the assumption that its still is a wonderful place to be… i’m not so sure…

    • alan

      The only one we will loose is the banker war and thats the one that will be fought. Don’t fight the war your enemy is prepared for fight the war they can’t win.

    • Gay Veteran

      just like a chickenhawk to talk about winning a war

  • Prepper Website

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  • Hot Rain

    One dog and pony show after another. Race, Cyber, Ebola..it is sickening.
    Here is just part of what they want you distracted from. We are being absolutely bombarded by Muslim refugees from Turkey, Somalia, Syria, and who knows where. We are talking 10s of thousands a month. We are now letting in formerly imprisoned Jihadists from Uraguay. While people are watching this cyber crap, Obama is making deals with foreign leaders regarding amnesty for the worst people on planet earth. They are riding on train rooftops into Mexico then cross over.
    I heard about this from Ann Coulter on the George Norry last night. She was very upset that Americans are letting this happen, but also stated it is not well known. Norry was speechless and stuttering. I have never been a Coulter fan, but was stunned at what she revealed. After some digging, I found out that indeed it is true.
    The influx of immigrants will break our cities and cause civil issues and ultimately destroy what is left of our home. I would almost welcome an EMP attack..

    • alan

      Watch everyone but the bankers!

      • Hot Rain

        Ditto

    • Hot Rain

      P.S. France is only letting in Iraqi Christian Refugees..

      • Mike Smithy

        Too little too late. France is past the point of no return. They are done for.

        • Hot Rain

          Concerning the African problem? If you read this I would like to know more.

  • Drud

    Something has been bothering me for some time and it may be considered by some a mere exercise in semantics, but as Arthur Schopenhauer (on of history’s truly great thinkers) pointed out, every debate or philosophy can ultimately be distilled down to a semantics. So the question I pose is this: when Michael, or other writers, or any of us, say America, what do we mean? Are we talking about America the idea, America the people, or America the government. There was a time when all three were synonymous. The people and the government were (for the most part) working towards the idea of America, which I think of as liberty-first and foremost–hard work, self governance (so very different from anarchy or no government) and an independent, intrepid spirit. Now, it seems that the people are timid, dependent and completely acquiescent to government, not to mention radically divided (there seems to be no American Ideal anymore); the government is not only corrupt (which has always been around and always will be) but willfully ignorant and almost bored by their power (it’s like they don’t even have to try to fool people anymore, they feel they can get away with anything since the MSM acts as a massive, privately funded Ministry of Propaganda). Only the IDEA of America remains in tact, and is still noble an worthy, but far too few even discuss it, let alone ACT upon it. Even here (and other sites like it) people who all proclaim to be awake and aware and liberty-minded are constantly at each other’s throats over the most trivial of differences and most inconsequential of issues. This is what MUST change. We must achieve some kind of cultural unity. It seems so simple, I mean would you rather do as you please as long as it does no harm to others (Liberty) or do as others tell you under threat of violence (Tyranny) So simple, Liberty vs. Tyranny is a lens that works now just as it would have worked in any instance in history, yet I fear far too few of us will truly understand and embrace this simple concept until the S truly HTF. I am disappointing in all of us (myself included).

    • Joel

      Nice, I like this in-depth point-of-view :-)

      “Only the IDEA of America remains in tact, and is still noble an worthy…” this reminds me of the same mistake the Romans did in their glorious history.

      Once Rome WAS the People, the Idea, and the Government. But they did not admit that Rome could disappear, and yet it did. Only the IDEA of Rome remained for a long long time, but I don’t think an IDEA is enough by itself when it comes to an Empire (or a Superpower as we call it today) – if an Empire loses its essential part which is its People (laymen or government) the Idea can be great but no one is there anymore to support it really… sad, but History has a lot of lesson about that.

      “Those who don’t hear the lesson of History is doomed to repeat it.” – sadly I think that is where the US are today…

    • Hot Rain

      My dear Drud. I can assure you that the ‘aristocracy’ are not “bored”. They, “the lucky sperm club”, are Madhatters of sorts. Power mad elites dictating our reality. In that ‘realty’, America never existed. Your correct in saying “America is an idea” because that is all it ever was. Everyone had an “idea” implanted. New house, new car, credit cards..The Madhatters reaped what was sown.
      Now, the Hatters vaults are full with decades long looting, they have become a powerful and malignant force. What has spawned is a “new class” of power mad bureaucrats.
      America’s destiny was penned on foreign shores. It’s time has come to pass.
      Semantics? No. Life is but a dream…

    • Donald Reid

      Splendid post! It shouldn’t require an unusually bright individual such as Drud to pose this vital question. We should all be asking ourselves and each other Drud’s questions.

      • Drud

        Thank you, Donald, for the compliment and for the challenge. That is all I ask of people, is some honest critical thought and asking oneself some deeper questions.

    • Sandbagger

      Good post. United We Stand.

      • Drud

        “What kind of world are we living in when a scum sucker like that can sandbag a Doctor of Journalism.”
        -Roaul Duke

    • nekksys

      For over 20yrs, I have pronounced to any and all who would listen that humanity as a whole is on the verge of a major shift in the way we will live and think. It’s been one of those “gut-level feelings” and no one thing indicated this was going to happen. We are just now coming to the very tipping point where this change will occur. Here is what I see happening:

      1) Our global economies WILL collapse.
      2) There will be international war.
      3) The population will be thinned dramatically.
      4) We will finally awaken to our own humanity and see one another as family and companions; all on the same road, seeking only the same things: life, liberty and happiness.
      5) We will then put aside our differences, stop the senseless violence and end the petty squabbling.
      6) We will eventually become a unified WORLD based on mutually accepted values far different from what we individually have now.

      I don’t know how long this will take. I don’t know how much of this I will see happen. I do know a few things, though:

      A) I won’t be around when steps 5 and 6 occur.
      B) Once the death-toll begins to rise, I won’t be found.

      We, as a global community, are on the cusp of some horrible changes that are necessary for the continued survival of our species.

      • Drud

        I tend to agree (and to hope) for almost exactly what you outline…I think it will come to pass n at least a similar manner if the human race can somehow avoid nuclear war for the long term. Even a “small” number of nukes (400–500 out of some 20,000 in existence) set off anywhere in the world would decimate the entire planer. Only a handful of humans living in shelters or submarines and the like would survive. Also, I would certainly hope that there will be a period of peace and unity after the coming collapses, but eventually, a few people will begin to seek more and more wealth and power and start the same S^&t all over again. It is simply human nature. These things move in cycles. I, for one, would like to see steps 5 & 6. I can’t say whether it is likely that I will or not. I can say that the time needed to get to steps 5 & 6 is measured in decades and not years.

        • nekksys

          “…, a few people will begin to seek more and more wealth and power and start the same S^&t all over again. It is simply human nature. …”

          And that is exactly what I’m talking about: a major change in human nature; an evolutionary step that will fundamentally change the way we all live and how we think of ourselves and others. For step 5 alone to complete we would need at least 2 generations; approximately 60 years. The same goes for step 6. The journey to these steps will require those who are alive to live through Hell on Earth.

        • Hammerstrike

          Well then, that human nature will have to be changed, rewired.

          Post-humanism, woooot!

      • Hammerstrike

        Nope, it will be internal wars, bandenkriegs.

    • chilller

      I agree with you Drud. It isn’t by accident that we all seem to have a bone to pick with each other…it’s by design. The old cliche, “United we stand, divided we fall” couldn’t be more true today. We’ve been divided on so many levels that it’s a miracle if someone has more than a couple friends because we’ve been so conditioned to find fault with just about anybody over just about anything.
      We are now a society of ‘nit-pickers’ instead of countrymen…just the way the powerz planned it and hope for it to continue. We need to come together “UNITE” and shed ourselves of the diabolical bastards who conditioned us away from the unity, OUR unity, that made this country great.

    • Orange Jean

      On thing you forgot (on your list of what is America)… the land itself. That’s mostly what I think of… I really do love this land.

      I’ve traveled around most of the country multiple times and it’s the beauty (and variety) of the landscape itself that really gets to me. Mountains, deserts, forests, swamps, rivers, etc.

      • hhabana

        You are right and it is a beautiful country, and a beautiful world. I’ve traveled many places here and abroad and it makes you wonder how this creation exist. God, nature, aliens, whatever. That’s another discussion and highly personal. I know that there is a battle of good vs. bad both inside us and outside us and that we need to stay on the good side. The thing that scares me is there are MANY that have no conscious and don’t mind crossing the line of decency and reason, will squish you and I like an ant and carry on like nothing happened. Thankfully, we have the Internet where we can discuss issues, spread the word, and not have our thoughts and speech controlled-yet.

        • GSOB

          Jeremiah 9:25

          & Romans 2:29;

          3:22

    • tacoma

      It is often wise to distinguish between country, people and government but in the case of the US of A, it is absolutely essential. Because the US of A is not a single country, is continental in size, and created out of wars, imperial conquests and large immigration.

      By nature of its geographic size spanning climatic zones from Alaska to almost Equatorial, there is huge diversity and differences. So there is no single America the land.

      Politically and culturally there are 50 distinct sovereign states and almost as many cultures. And one must add American natives. So while 50 states is one country, one country cannot be said to 50 states.

      The people of America is not the same as the government, state or federal. After all, the federal government only runs the confederation and split by the Constitution into independent pieces. There is no one US government. This is why no country of the world has adopted this paranoid form of government.

      Geography, states, culture, people, government – all quite distinct and separate in the US of A. Ask any foreigner of the world, even Iranians, and many of them will say they like, even love Americans. But hate the US government with a passion.

  • kenfrombayside

    Re Immigration. If say or do nothing about this criminal third world invasion, you are part of the problem. Keep in contact with your elected reps; consistently go to the polls and vote against the true enemy of the white race: the Democratic Party; do your gardening, don’t eat out and do your own laundry; go to numbersusa and joinother organization that advocate a reduction in immigration. Make no mistake, this third world assault is a form of genocide against America’s white population.

    • We need to internationally stand together against the rich and powerful. End White Genocide, National Socialism, Socialism in One Country, are all codewords used by the rich to stop a true global mass movement from being created against the global rich.

  • goldminer

    Well Gee… China just announced they will stand behind Russia and help them out with out with our unwarranted all out attack on their economy. China just sold 100 billion of our worthless T bonds in the last month. Russia and china are dumping the dollar as fast as they can. Countries that represent the 4th largest economic buying power in the world BRICS. are trading in other currencys other than the US dollar.
    Russia the largest oil producer in the world. Is increasing oil production to send the price of oil down the drain . . Not good for our economy.. Russia is in this for the long haul. They have enough cash reserves and can take low oil prices for at least 2 years. We cant. Without oil prices above 80 a barrel, our economy in in the toilet.
    Countries that represent the 4th largest economic buying power in the world BRICS. are trading in other currencys other than the US dollar.
    Nations all over the world are demanding their gold back from the US an GB.
    Why??
    The low price of oil will force the fed into QE4. Devaluing the dollar and making it more worthless than it is now .Either that or see our economy go down the drain at warp speed.
    Russia will just up the anty say screw the worthless dollar. They will demand gold for payment for its oil and natural gas. Its winter. Europe can do nothing but comply.
    Russia wins US looses.
    BTW Russians do not hate Americans. They hate and fear our central bank NWO ran government that is too big to fail.
    Things are happening fast folks. hope you are ready.
    The stockings above my mantle are filled with Silver &Gold.. What’s in your stocking?

    • K2

      ”Nations all over the world are demanding their gold back from the US an GB.
      Why??”

      Do you have sources for this?

      • jo zon

        What sources can’t you find? It’s all over the news, Germany, Netherlands, Belgium, Austria, Australia to name a few.

        • K2

          Thats hardly ”Nations all over the world”.

          • T.

            They are the biggest most developed, productive and important nations of the world – especially those of the Northern tier of the European Union (the largest trading block in the world).

    • MadAsHellYankee

      That’s the other thing too… Russia is being portrayed as weak, and their currency has taken a big hit…

      They are well in the black when it comes debt to income, they grow their own food, manufacture their own products, and are militarily strongest they have EVER been.

      The US (which I certainly don’t view as my country anymore) is exhausted from 14 years of guerrilla wars that were meant to make money (when all they did was run up debt), never meant to win. Debt to income is in the red, record numbers of people out of the workforce and on the dole, military projects that are nothing but money pits. We manufacture nothing, produce nothing, and the economy is a printing press economy. Yeah people have their trinkets.. but most don’t realize how vulnerable it is. Serves em right. The libtards are busy signing “everything is awesome”, and the conservatards are too busy worshiping the police to understand that those same officers would follow orders and take their guns and money if told to do so.

      Rant over.

      • Gay Veteran

        “…The US (which I certainly don’t view as my country anymore) is exhausted from 14 years of guerrilla wars that were meant to make money (when all they did was run up debt)….”

        well, the wars ran up debt for us tax donkeys, but made $TRILLIONS for the military-industrial-surveillance complex

        • VigilanteCaregiver

          Not your country anymore. Good enough for me – when’re you leaving?

          • Gay Veteran

            it is certainly not the country it used to be.

          • Gay Veteran

            “Not your country anymore….”

            in a way you’re right, it has been taken over by power mad psychopaths and cowards like you

          • Hammerstrike

            You are awfully quick to judge…

          • Gay Veteran

            the facts are there for all those willing to see

          • VigilanteCaregiver

            Even when the elite and representatives give you what’s desired: you cry betrayal, proclaim losses, and still not happy that they burned the Constitution and the pillars of civilization itself to hand you, yourself everything demanded. The courts violated state’s rights for gay marriage; the courts are violating Constitutional commerce protections for businesses who refuse service as it violates their beliefs; the media socially harms anyone who points out homosexuality is an actual mental disorder; and by claiming to be gay, you’re pretty much given free reign to verbally abuse and libel people – and you’re still not happy!

            Pathetic.

          • Gay Veteran

            “Even when the elite and representatives give you what’s desired: you cry betrayal, proclaim losses, and still not happy that they burned the Constitution and the pillars of civilization itself to hand you, yourself everything demanded….”

            oh really?
            did they end foreign entanglements?
            did they bring the troops home?
            did they seal the borders?
            did they rebuild America?

            “…The courts violated state’s rights for gay marriage….”

            state’s rights is code for bigotry. bet you opposed those courts overturning laws against interracial marriage too

            “…the courts are violating Constitutional commerce protections for businesses who refuse service as it violates their beliefs….”

            who knew baking a cake was a religious activity, or do you support businesses who refuse service to Blacks or Jews or Muslims because it violates their beliefs?

            “…the media socially harms anyone who points out homosexuality is an actual mental disorder….”

            oh you mean the charlatans and hucksters who get rich off FOOLS like YOU, better send in another donation to the bigot of your choice. your kind is always willing to be ripped off

            “…and by claiming to be gay, you’re pretty much given free reign to verbally abuse and libel people….”

            in your disgusting world being “verbally abused” is losing an argument, you pathetic coward

            and libel? I can’t remember whether it was you or some other mouth breathing idiot displayed their total ignorance of the law when they implied that the Fifth Amendment didn’t protect non-Americans in this country

          • VigilanteCaregiver

            I know who and what I am. It’s nice to finally meet the real you.

          • Gay Veteran

            oh we’ve met the real you for quite a while.
            now that I whipped you, you can run along little boy

          • VigilanteCaregiver

            You didn’t whip me. You lost your temper and went on a coercive rant. I expect better than such overly emotional tantrums – now, try again.

          • Gay Veteran

            “You didn’t whip me. You lost your temper and went on a coercive rant. I expect better than such overly emotional tantrums – now, try again.”

            translation from troll to English:
            I got my but t whipped, BAD.

            And how do we know? because you are incapable of overcoming my points

          • VigilanteCaregiver

            Your points aren’t backed by plausible evidence; you just act out and expect me to capitulate – isn’t going to happen.

            What do you have that’s truly superior? What stretch of the imagination outside of yourself has been offered to convince me you love liberty? Justice? Civilization inducing morality? Honorable values?

            There is nothing but slavery and oppression in your views. Sure, you call for an end to the fed – anyone can do that. But you’ve also called and acted for an end to Christian religions in the public view. You don’t own the public. You’ve called me a traitor along with a lot of other derisive claims, and that I deserve punishment for my words. You have no respect for the 1st Amendment. I never called for your silence. I have questioned your sanity and motives, but I never said you deserve oppression or harm for your views as you’ve done for me and many others here.

            You never won. And never will. It’s your side that’s collapsing. The right will follow afterwards. I’m building something great; and cannot be troubled by leftist whispers.

          • Gay Veteran

            “Your points aren’t backed by plausible evidence….”

            In that case your counterargument should be easy to prepare. We’re waiting………….sounds of crickets

            “…What stretch of the imagination outside of yourself has been offered to convince me you love liberty? Justice? Civilization inducing morality? Honorable values?….”

            hmmmmm, well let’s see, you control your own body, you have the right to self-defense, the Golden Rule, etc.

            “…But you’ve also called and acted for an end to Christian religions in the public view. You don’t own the public….”

            what, is there a lack of churches or private property to express religious beliefs?
            own the public? neither do you, and I highly doubt you would favor Muslims or Satanists using public space

            “…You’ve called me a traitor along with a lot of other derisive claims, and that I deserve punishment for my words. You have no respect for the 1st Amendment. I never called for your silence….”

            and I never called for your silence, great strawman.
            and again you display your legal ignorance, the First Amendment limits the power of government, not individuals

            “…I have questioned your sanity and motives, but I never said you deserve oppression or harm for your views as you’ve done for me and many others here….”

            sanity and motives? hypocrite YOU are the one trying to oppress and harm.
            what oppression or harm have I advocated? oh, that’s right, daring to call a spade a spade is “oppression”

            “…You never won. And never will. It’s your side that’s collapsing. The right will follow afterwards. I’m building something great; and cannot be troubled by leftist whispers.”

            what “right” do you speak of? the modern conservative whose 2 main characteristics are blind rage and self pity?

          • JUSTWOW

            Let me geuss you work in the prison system.
            “Helping people” AM I RITE?

          • VigilanteCaregiver

            Nope! I’m my disabled wife’s caregiver and have no right to work by law. Our state says if I can’t afford a CNA to stay with her – then I’m it. My aim is for a stable, functioning civilization for her and our kid’s sake.

          • WOW

            I apologize for that. You are to be commended. I understand the work thing, strange how it used to be easy to just “work”. I am learning to withhold “judgement” as I am long from Sainthood myself. I hope everything goes well for you.

        • alan

          Some folks got rich, most didn’t.

          • Gay Veteran

            some who get rich do so because they own the government

        • Woodland Echo

          Your vile filthy disease spreading kind is brought upon our Nation for denying God’s Creation, You play in feces and expect normal people to accept it. Your kind is Satan spawn.

          • Gay Veteran

            look, I don’t know why you’re talking to a mirror

          • Hot Rain

            Thank-You for your service. …Semper Fidelis…

      • Nick

        Yup. This country is now owned by the power mad left who intends to usher in the leftist globalist dream. The constitution is a defunct document and the United States of America is simply gone. The sooner people realize that the sooner we can move forward.

        • Gay Veteran

          you seem to think there is some actual difference between the “left” and “right”

    • Hammerstrike

      Can we find an excuse to put sanctions on China too?
      We are working on it!
      Anywhere else?
      We are thinking of a media campaign against the German domination of the european continent, we will threaten severe consequences if the German governement does not completely give in to our 10 points demands… I can promise you the Germans will not be pleased.
      Good, good.
      We are also planning to launch a coup against the Egyptian governement with help inside the military, our Libyan and Saudi allies are saying the Egyptian Free Army is almost ready.

    • energizedmortal

      I’m surprised the elite haven’t launched their scheduled world war yet. I hope they don’t vaporize everything. No people no problem.

      • Hot Rain

        Personally, I see no WW3, the elites won’t kill their own by error. What I do see is the 3rd installment of a major False Flag: The Bayou Corne Sinkhole
        in Louisiana. But that is way off topic.

        • energizedmortal

          I disagree. If an elite caught wind of another elite interfering with their plans for total domination, killing one of their own would be a pleasure.

      • Priszilla

        You don’t kill the gooose that lays the golden eggs.

        You can make much more profit with small localized wars. You don’t hear much about South America these days. That’s worth looking out for.

        • energizedmortal

          There are psychopaths that could care less about profit, especially if they disagree with who has or is attempting to obtain the power. Do you not believe that some elites prefer that there be no world before they lose their domination?

          • Priszilla

            There will always be some psycos. You detect them and you isolate them from society in mental health institutions.

            Alas, if you cut funding for mental health, you can only blame yourself.

    • tacoma

      Here’s some facts on oil production:

      Russia – about 10m barrels/day the past 5 years, and has not increased production
      Saudi Arabia – about 8m barrels/day the past 5 years, increased production by 1mb/d this year to hit 9.

      USA – 4.5mb/d 5 years ago, steadily increased production to reach 11mb/d this year, thus becoming world biggest oil producer.

      Rest of the oil producers – about 5mb/d, increased production by 1mb/d this year.

      Today, there is a glut of 1.5-2mb/d, the reason for 50% drop of world price. USA is the main reason for this situation because it alone increased production by 5mb/d. This new American shale oil is not exported (prohibited), used domestically, and thus reduces import by same amount. But the shale oil is more expensive than import, and therefore US consumers is subsidizing shale oil and is used by the US government as weapon for the oil war against the world.

      You know what’s funny? US has to import large amount of oil for decades. Every import country is ‘friend’. The second shale oil managed to reach a large production, the US government uses it as weapon for war.

    • tacoma

      Look at it from China’s perspective:
      – US arms Taiwan to the teeth
      – US has a few divisions equipped with heavy advanced weapons in S Korea
      – US has forward carrier naval base in Japan and routinely stations 2 carriers in the seas around China, 2 carriers in Hawaii as backup
      – US is returning to Philippines with a carrier base
      – US has built a massive naval and air base in Guam with long-range strike power
      – US has laws prohibiting sales of weapons of any kind and key technologies to China.

      In short, US surrounds China militarily, with lots of bases and 5 carrier battle groups assigned. US is no friend, no ally, nothing of good for China security. [What if any country do to the US as US do to China? The nuts in DC will go trulygo nuts and declares WW3.]

      What do you do for security if you were China? You partner with Russia, the only other country with advanced systems next door. China and Russia is today strategically and militarily linked. When push comes to shove, a US or NATO attack on Russia means an attack on China. I won’t be surprise if Russia and China to cooperate to build a large carrier force for the Pacific.

  • K

    What makes anyone think, we are supposed to win the cyber or economic war? Those who work behind the scenes, want to bring this Country down. If the N.Koreans crashed our power grid during the winter. And just say, they scrambled it so badly, it took 3 weeks to restore. How many dead Americans, do you think there would be? Just that many less Americans for the elite to deal with. Oh, and as a bonus a convenient enemy to blame all those deaths on. Same with the economy. If the Russians some how manage to win this economic tussle. Then it will be our economy that ends up crashed. And thus begins the chaos. Oh, and there is that bonus again. A convenient enemy to blame the crash on. Starting to notice a pattern yet?

    • XSANDIEGOCA

      Indeed! I have personal experience with the reverse situation. About 20 years ago during the annual vacation in France, many Frenchmen left their elderly parents and grandparents behind in Paris as they headed South to the Rivera or Spain. It was a particularly hot Summer. Air conditioning was largely unknown then. Living in the tenements and apartments of Paris was like living in an oven. At least 10,000 elderly Frenchmen expired due to heat exhaustion, the families finding their bloated corpses upon returning from their month long vacances. Created quite a scandal at the time. Now, just imagine our pampered population going without AC or heat for any length of time! Anyone who has personally experienced a Summer in Florida, Palm Springs or San Antonio would raise their eyebrows!! The scrambled power grid would also mean water could not be pumped. No showers or drinking water. No elevators. The list goes on and on. Modern life would come to a halt in a hurry. Cyberwarfare is a much bigger deal than the authorities are letting on and we are ripe for the plucking.

  • Wowman

    Is this what Celente meant by currency wars first then world war?

  • David Hammond

    Back in the 1990s, when i was a teenager, my Grandfather would always tell me that he believed Babylon in Revelation represented America. That view at that time was against the grain. Almost 20 years later I can now see his point. Does anyone else here ever wonder the same?

    • alan

      Lots of Iraqi’s live there and you will get daily rocket attacks. No I don’t see any similarity.

    • Lennie Pike

      The Great Prostitute that caused the world’s business men to become wealthy and that enjoyed every luxury of every kind and that was filled with demons of every kind and that exported it’s intense immorality to all of the countries of the world and that was clothed in red white and blue – no, I don’t see any similarities at all.

      • Lennie Pike

        And that was destroyed in one minute and thereafter not a single light was ever seen shining there. Seems like that is very possible any day now – the world hates the U.S. and with good reason. America once stood for good and what is righteous. It stands for the opposite now – we have allowed criminals to overthrow our government and they are using our military to take over the world just as Hitler and many others tried to. Fascism and a society based on the Chinese template is what is in store for the world. How do we take it back? It is not through voting. “Give me control of a nation’s money, and I couldn’t care less who is elected.” But even though true, they also control the outcome of elections and the nomination of candidates – all controllable psychopaths, sociopaths or egomaniacs. Ron Paul’s victory in the 2012 Maine presidential primary was not honored. In Germany, voting machines are illegal – there is a law against their use.

    • Jane Orleans

      Also check out Habakkuk in the OT.

    • kenpachi55

      I looked up the start of slavery one time. Hammurabi code was the first thing that popped up. now the WWW allowed people like him to spread the truth they would have continued to hide from the masses who couldn’t figure it out like him

  • alan

    I am still suspicious this cyber attack was more to hype the movie than and actual attack. All cyber attacks come from Iran, North Korea and Russia. It seems they are the only countries with computers these days.
    Its beyond me why any company with anything worth while would allow their network to touch the internet, just mind blowing. I am a little suspicious a huge company like Sony has no IT people that would know this.

    I think “hacking” could be a good excuse why all your money disappears from the bank. Or why the stock market crashes.

  • Rocketman

    The North Koreans need to just keep their mouths closed. They are positively annoying. I am glad to see the Russian Federation starting to implode. Russian’s in general are pretentious people who support a failed system.

    • Gay Veteran

      I fixed your sentence: Americans in general are pretentious people who support a failed system.

      • Smokeman

        If that is your opinion, you are always welcome to move to Russia where people are less pretentious. I am sure they will welcome a “Gay Veteran.”

        • Gay Veteran

          oh, so we’re not a pretentious people who support a failed system?

  • LOL

    Ha! North Korea wasn´t behind those attack, FBI stands for Fumbling, Bumbling Idiots.

    • alan

      I seen on CNN that NK has only 1000 IP address. The US has 1.5 billion. I suspect movie hype.

  • MadAsHellYankee

    LOL but Putin invaded Ukraine!! The US and Victoria Nuland had nothing to do with Viktor Yanukovich’s government being overthrown. There are no Ukranian Neo Nazis, there were “nookular” bombs in Iraq, and Team USA world police is how to run a foreign policy. Obamacare is free, and the economy is in full recovery! Christmas will be awesome, people just don’t understand cyber Monday. Oh and all police officers are heroes.

    Sarcasm aside.. I rag on V the Guerrilla Economist a lot.. but this is one where I think he is dead on. This could be the beginning of the end of the dollar.. Russia can survive on $60 oil. So can Saudi Arabia. The US shale industry and economy won’t. Russia has signed the massive energy deals with eastern nations to be paid in their own currencies.. and many countries have already set the infastructure to trade without the dollar.

  • Bill

    Sorry to change the subject but the market opens in a few minutes. Futures look strong again and CNBC says the economy was firing on all cylinders in the third quarter. I must be living in the wrong world where I see millions not working and those that are working are forced to stand in front of a killer tsunami of debt. Then there is this in-between world where the cabal controlled media spins constant turmoil to hide the truth. Will your world be the same this time next year?

  • Bill

    The issues with N Korea and Russia are distractions designed as distractions.
    A nuclear reactor must reach critical mass before destruction.
    The dollar index has crossed 90. Is this critical mass for the dollar? Will the fallout contaminate the world economy? Is this why we are being entertained with so many distractions?

    • Hot Rain

      You get the Gold Star.

    • alan

      I wouldn’t trust any numbers now, everything seems to be just made up to suit whatever the agenda for the day is. I see lots of contradicting stories on yahoo every day.

      • Bill

        So true so sad. Thanks for your reply.

  • DJohn1

    The problem is that in America today we basically have 3 operating systems in various stages of improvement,
    The most common are written in C plus plus. That would be Microsoft Windows in its various forms. Windows XP is still prevalent even after a year of attempts to shut it down by Microsoft. The trouble being the expense of updating. When you have up to 40 or more machines in a plant that can get rather expensive.
    The system of choice of course is the latest and greatest windows system that is supposed to be Windows 8. When I run windows I normally run Windows 7 Pro 64 bit.
    Apple turned to Unix as a language about 10 years ago and it is a remarkable success. They named each progression after a cat of the jungle. Apple does not have quite the vulnerability of windows because they started over with Unix and everyone had to buy new software to go with it.
    If windows covered 5 acres at a computer show then Apple might cover 3 to 6 booths. That is how extensive the Windows system is. Furthermore most of the older software still works on various forms of Windows. Not so with Apple.
    This is all governed by economics. That is why Microsoft is on top not for any other reason.
    It has been around in its current form with improvements for at least 15 years. It is well known by every hacker out there.
    The third alternative might take up 10 booths at a show if there still were shows out there. That would be various forms of Linux. Linux is also written in Unix. About ten years ago, linux got off its tech high horse and started writing an operating system for amateurs so that anyone could use it.
    This amateur user version is called Ubuntu. It is currently in version 14.10. Most people using this have little fear of viruses only because there are approximately 10,000 programmer volunteers out there keeping it secure. It is too low on the scale of use for most of these foreigners to want to start over at square one and learn to program hacks into it.
    In 7 years, I ran into one virus. And the software immediately reacted to it and knocked it off the machine.
    Ubuntu does not offer the sophistication of windows office software. But then again, it doesn’t have to. It provides free the equivalent of a $500 office package. Most of the software available for Ubuntu comes free as part of a free operating system. It works at approximately 1/3 faster than windows on the same hardware and offers the choice of a dual boot into either system.
    It comes in either a gnome desktop(the older one) or a more modern desktop resembling Windows 8. A whole lot of small businesses are switching over to it simply because it runs on existing equipment and does not have near the expense of a switch over to Windows 8. Further the office software comes with the operating system.
    Interesting is that Android is basically a restricted Ubuntu system. After working unrestricted for years on Ubuntu I cannot personally stand Android. Same goes for 8. I do like 7.
    Ubuntu behind the scenes at the command line is difficult for people not familiar with computers to operate.
    If Sony had wanted to prevent the hack, there is only one way to do that. Don’t put the machines directly on the internet! Keep the basic operating system something not commonly known in the entire world. Any requirements of internet should be kept completely separate from machines with sensitive data.
    Locking the door after the fact is like locking a barn after the horses have all escaped.
    Reflecting the internet needs on a separate operating system network keeps the data secure. It is also a pain to handle.
    I have worked on computers as a user since 1968. I have superuser status when I was working. I have now been retired a good number of years(2007). A lot of things change. Some never change. The reason Sony is vulnerable is that they were asleep at the security switch.
    One friend of mine developed an operating system based on windows but written in hardware into the system. So the entire operating system is written in stone. No virus can get in because nothing on the system is changeable. The operating system itself is regenerated everyday on ram memory and closed down every night. When it reboots it goes to the original operating system on the computer. This man did this 20 years ago and the entire operating system was written on DVD or CDs. It was cumbersome. But it was entirely safe against hackers.
    China, Russia, North Korea, India, Pakistan, Indonesia. All of the above countries appear to have hackers working full time to disable the main Microsoft operating systems.
    That is the price we pay for having only one company controlling the majority of computers in this country.
    Even Microsoft has difficulty convincing people to change.
    The fact is no one wants to nursemaid a new operating system into reliability. It takes at least 2 years to work all the bugs out of a system and a lot of money.
    The ONLY way to secure a system is to separate it from the sensitive data on the network. Hardwire the sensitive computers not go wireless.

    • Orange Jean

      EXCELLENT post!

      I am not as sophisticated as you in terms of understanding computers, not all that interested in hardware and I am more interested in programming for data management and analysis… yet everything you wrote makes sense to me.

      I have pretty much always been suspicious of Microsoft since the day I
      noticed that each and every new “version” or upgrade of any of their
      products seemed worst than what preceded it.

      Your comments also reflect the same opinions (on various types of software for example) I hear from my son (a CTO) and those of my friends who’ve been programmers for many years (including a woman I’m friends with who’s in her 80s, and builds her own computers out of parts). She’s been bugging me for years to change over to Linux and recently mentioned Ubuntu. But the truth is I’m too lazy to fiddle with my computer at home… so what I try to do to keep my vulnerability down, I really don’t put anything on my home computer that I worry about someone stealing. Similar to what I do at home… I don’t own much worth stealing, so I don’t have to worry about it… even though I could afford to.

      • DJohn1

        You are not alone. Many people do not want to fiddle with new things.
        It drives the young nuts when we refuse to join the tech revolutions. Such as Tablets and Cell Phones that tie you down to communicating in so many minutes a month.
        Land lines have unlimited numbers of minutes.
        I too was late going to Ubuntu as an operating system. Microsoft software on the day I retired started going bonkers. So I had one of the children put Ubuntu on the computer for me. The machine suddenly was operational again and I never looked back. Eventually I learned to service it.
        Ubuntu isn’t perfect either but it beats Windows out of the running.
        I look at the internet as a cross between a telephone and a reference library. I find it convenient to use if nothing goes wrong with the machine.
        Recently the local criminal organizations have been attempting to use it for identity theft. So you are wise to not put anything on there that you wouldn’t want the entire world can see.

        My 3 boys make their living servicing computers.
        I started them in the 90s with being sysops(system operators) for a Christian Bulletin Board.
        All three are involved heavily in their local churches to this day.
        My boys get calls from people in trouble with office computers all over the state and beyond. Usually from firms not able to hire a decent tech team because they are too small. But sometimes the tech team itself will want them in as things go beyond their knowledge to fix things.
        The oldest just designed a system for a firm in NYC. Last year he was called by one in D.C.
        So we have been heavily involved in computers for a long time. Wish you well. Have a nice Christmas and New Years.

        • alan

          I switched to Linux in 2003, I just could not take windows any more.

        • Orange Jean

          I find it drive the young nuts also… when one of us older people can run circles around them in programming. I have some fun with it, since I work where about 90% of my coworkers are in their 20s or early 30s… and a lot of them kept trying to “beat” me at programming (we use SAS) but I manage to keep one step ahead of them. Still, I like to think I inspired them to improve their skills trying to prove their better than me at it.

          And you have a Merry Christmas and good New Year also. Nice to have some kids! And nice to know your kids are using their skills to help others. I wish I had more, but I’m grateful to have my son.

  • Bruce

    Don’t be fooled by the smoke and mirrors routine. Opec (Saudia Arabia) did NOT refuse to cut production on their own. The US pulled strings and Saudi complied to keep production full tilt. Yes, the US economy may bruise from this move but Russia is truly bleeding to death. This is an orchestrated (behind the scenes) move to push Russia’s economy into the toilet and it’s working just fine.

    • Hot Rain

      All dictators stand together, including Sorobama. In fact, he was in Russia very recently. And his daughters REAL name is Russian, and his ‘parents’ went to the Russian School..well, don’t be taken in by this phoney “news” crap.
      Low oil is due to a liquidity crisis, currency and commodities. I am not the one to explain it due to a lack of full understanding.

      • Yes it’s partially due to a liquidity crisis, but partly also because the Saudis and their Gulf allies want to maintain and expand their corrupt hold over our currency and institutions. We should not have invaded Iraq but should have pursued the GCC countries, which are violators of human rights and state sponsors of terrorism, assiduously.

    • Gay Veteran

      you forget the massive amount of bonds sold by the US shale industry and all of the derivatives just ready to blow up our financial system

      • Mike Smithy

        Yes.I suspect that QE4 is on the back burner and will be a mechanism to bail out junk bonds.

        • Gay Veteran

          good point, because in the modern version of American “capitalism”, profits belong to the corporations while losses belong to the taxpayer

    • goldminer

      Then why has Russia increased oil production in the last few weeks??? Please tell me. The destruction of the petrodollar is at hand.
      To quote Elvis……….We’re caught in a trap………

      • alan

        I don’t get a 50% loss in oil price, then do nothing to correct it. This must be what they call going
        full retard.

    • The Saudis definitely benefit from it. Although in the short term they will not be able to finance lavish state budgets, in the long term they will stymie investment in the US and Russia into both conventional and clean energy sources and thus retain their (and their Gulf buddies’) stranglehold on energy supply.

      Of course, the US government benefits from Saudi Arabia by being able to export its inflation to the oil markets through the petrodollar.

  • Sandbagger

    “… known to train children, hand-picked for their intelligence from all
    around the country, and turn them into recruits for an elite group of
    hackers…”

    If anyone who reads this blog doesn’t think this sort of “recruiting” goes on in EVERY country around the world, including the US, they are not truly “awake” to what’s going on.

    All our most intelligent children are the targets of the worldwide Elite for use in their agenda. As Christians, we should pray for all of them, including the N. Korean teens who are being brainwashed/forced to hurt others. Does anyone doubt they are?

  • nekksys

    Adapted from the movie “V for Vendetta”:

    Because while the truncheon may be used in lieu of conversation, words will always retain their power. Words offer the means to meaning, and for those who will listen, the enunciation of truth. And the truth is, there is something terribly wrong with this country, isn’t there? Cruelty and injustice, intolerance and oppression. And where once you had the freedom to object, to think and speak as you saw fit, you now have censors and systems of surveillance coercing your conformity and soliciting your submission. How did this happen? Who’s to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you’re looking for the guilty, you need only look into a mirror. I know why you did it. I know you were afraid. Who wouldn’t be? War, terror, disease. There were a myriad of problems which conspired to corrupt your reason and rob you of your common sense. Fear got the best of you, and in your panic you turned to [your leader here]. S/He promised you order, s/he promised you peace, and all s/he demanded in return was your silent, obedient consent.

    Isn’t that what all tyrants and dictators want?

    • Gay Veteran

      if you want to understand the aftermath of 9/11 then you need to watch “V for Vendetta”

      • Hammerstrike

        Wonder how 9/11 will be seen when 10 000 more have been killed.

        • Gay Veteran

          what are you talking about?

  • Hot Rain

    We, or any peoples of the world, and “how we will react”:
    Like you, I live in a generation that will experience a global collapse that started many years ago. At some point in time we would over-extend ourselves, release an uncontrollable technology, or deplete the environment so badly there would be no hope for survival. These mistakes or ‘oops’ moments have grown to such size and scale that they utterly dwarf our ability to change them even slightly.
    The warning signs that flashed by we’re repeatedly IGNORED or DISMISSED-we are now facing irrecoverable disaster that will affect virtually all life forms on Earth.
    We have committed ourselves to indifference, an unstoppable force of sheer stupidity and arrogance. There is simply no possibility now of reaction or recovery, whether it be Economic or Environmental.
    There does still seem to be an awful lot of people that are completely unaware, although the information is readily available, it interrupts the daily fantasy of ‘being american’. It’s a rare individual who will take the time to READ anything or take the time to learn. The rest will rely on virtually everything they are told. Americans love to be distracted taking little or no interest in the world around them or how they are affecting it. A Pavlonian response to marketing, programming and incessant brainwashing is now all that is required for daily exsistence. Independent critical thought is actually considered a crime in America.
    The cliff analogy often used no longer applies. We’ve long since driven right off the cliff, all that remains is a spectacular crash..

    • T.

      Agree. I have to say – You do not write at all like the Hot Rain I recall reading a few short weeks ago. At that time I did not agree with anything you said. Are you the same writer or a Jekyll and Hyde?

      • Hot Rain

        Hello T. My responses are usually your garden variety shoot-from-the -hip type. I am capable of more but am very tired. Tired of trying to simply wake people up. Once in awhile a post will spark what is left in me..
        Peace to you and yours.

  • Hot Rain

    “Universally disapproved bunch of meaningless bags of meat” LOL
    Your post not only portrays my deepest feelings, but is stark reality.

  • Mondobeyondo

    Wow, lots of war going on around the globe…

  • BeenThere

    This comes with the territory of becoming a world hegemony, after a while, you become arrogant and end up pissing everyone off. Britain did it in the late 19th and early 20th century. Now it is America’s turn.

  • MichaelfromTheEconomicCollapse

    50 Numbers From 2014 That Sound Fake But That Are Actually Real…

    http://endoftheamericandream.com/archives/50-numbers-from-2014-that-sound-fake-but-that-are-actually-real

    Michael

    • Mike Smithy

      That’s good trivia.

  • Buck Turgishon

    The Russkie talks big but frankly we think he’s a little short of know how. You can’t expect a bunch of ignorant peons to be able to understand a complicated piece of machinery like we can

    • goldminer

      Oh and sure they are just a bunch of stupid peons….That is why we buy all of our heavy lifting Atlas 5 rocket engines from Russia. It aint because they build the best rocket engines in the wor;ld is it??? Not to mention they have the best anti aircraft systems built. Naa.. just a bunch of peons.
      Lets go over there and kick some Azzz……………..Not!!!!

    • Hot Rain

      You are either very young or very stupid on your “assessment” of Russia.

  • Alex

    Sorry to tell you, but not only the majority of Russians believe that the U.S. Empire is evil, but also we in Switzerland are convinced that the U.S. Corp. IS the EMPIRE OF EVIL! It deserves to be f*%#ed!

  • chris

    The trouble with the USA is that it always wants to have an enemy and if it can’t find one it will actually create them. North Korea is the result of American arrogance and stupidity in trying to force the Koreans to accept a WW2 quisling as their leader. Then there is the CIA and Osama bin laden and also Saddam Hussein a CIA asset put in place in Iraq by the USA. Then we have all the government coups sponsored by the CIA in South and Central America and Africa. The list is massive. In comparison North Korea has done very little.

  • chris

    And now you’ve got a race war on your own streets.

  • Mondobeyondo

    An aside note, since I won’t be oniine for a couple of days:

    This Christmas, remember those who are less fortunate than you. They may seem okay and fine on the outside, but hurting on the inside. There are many of them out there. Christmas is not happy for everyone.

    Merry Christmas.

    • FortuneSeek3rz

      This is a good point. We should take time to talk to people this Christmas and every Christmas. The greatest gift you can give someone is your time.

      • GSOB

        Have you head the Word?

        It’s a soul salvation.

  • Hot Rain

    When the R4 reactor topples (Fukushima ) your bunkers will be worthless in N. America..

    • I worked security at a Nuclear Power plant back in the 80’s.
      I know what you mean.
      But IF we get hit with a CME or an EMP can you imagine 124 Fukushima’s in America all going critical at once?
      As NOTHING electronic will work, so no control over reactors or the coolant in the spent fuel pools.
      HOPE your life insurance is paid up? I only make light of this situation as there is nothing else to do.
      Tony Lamb

      • Hot Rain

        I didn’t mean to sound hypercritical, just stressed. On 3/11 my hopes and dreams for my children came to a screeching halt. I knew at that moment it was game over for the world.
        And yes, I can imagine what you say. And what if someone uploads a virus, like Stuxnet, that interfere with our reactors? A bunker, at that point in time, is something worth having. Just to buy a little more time.
        Do you post on enenews?

  • alan

    The U-Cranes gold was de-patriated from them too, but they did end up with some gold paint lead bars in place.

  • goldminer

    Yup merry Christmas to one and all! I wish you peace, love, and joy. If you have a little to spare help someone out.
    In the coming year…. I use an old quote…….May you live long and prosper! Seek the light .Seek love. My sincere best wishes.

  • AntonioOssa

    WITH RUSSIA, CHINA AND THE REST OF THE WORLD AGAINST US, WE DON’T HAVE A CHANCE!

  • Russia still follows a capitalist economic model and is consequently dominated by shareholding oligarchs, many of which purchased Communist-era state enterprises for pennies on the dollar due to their connections. Before then, most enterprises were owned by a state that was organized as a “dictatorship of the proletariat”, which was in truth unaccountable to anyone.

    In the long run, Russia needs to: (1) nationalize its currency system and take it out of the hands of private banks and (2) make its large corporations democratically operated by those who work for them, not by shareholders. Only then will the country be able to extricate itself from the US-centered international capitalist monster.

    If Putin decides to take the high road and pursue this goal he should expect a lot of blowback from the oligarchs and international capitalists, up to and including forced retirement.

  • alan

    The bankers want wars to cover their looting. But a huge war is not in their cards. Then you would loose everything you looted. This is why we bomb third world countries, because they can’t defend themselves.

  • GSOB

    Eat this.
    James 3:6

    Psalm 140:3

    Isaiah 26:3

    John 7:38 > 39

    1 Peter 2:1, 2, 3

    Matthew 28:20

    Amen

  • Mondobeyondo

    2014 in a nutshell:

    It seems like the entire country is living in the middle of an Aerosmith song. Yes, right down to that story about the NFL football player giving his girlfriend at the time (now his wife) a serious smackdown in a hotel elevator.

    Yep. Love in an elevator. Livin’ it up while we’re goin’ down.

  • GSOB

    When the dow goes pow
    excessive force will quake.

  • The US is a nation of immigrants. Every successive wave of immigrants has brought upon accusations of “multiculturalism” and “they’re taking our jobs”, among other things. Multiculturalism itself will be our downfall; rather, capitalist multiculturalism, in which the globalist rich elites transcend national borders while the rest of the peons are locked down within countries, will be our undoing.

  • GSOB

    The bottom line is that every member of the human race needs life.

    Life that is unending and without sickness or sin, blissfully refreshing, to all and in every aspect of our person and pursuits.

    This Life only God has and gives to us in Jesus Christ.

    He has given us Jesus Christ. The Spirit of Christ works in us

    believers, drawing us more to Himself and through all things – the master is transforming us into His image. Yep, we are made full in Him.

    *****************************************************************

    The human tongue can be tamed by no man.

    It is a restless (undisciplined, irreconcilable)

    evil, full of deadly poison.

    They sharpen their tongues like a serpent’s; adders’ poison is under their lips.

    Selah [pause, and calmly think of that]!

    He will keep in perfect peace all those who trust in him, whose thoughts turn often to the Lord!

    Here it is folks…. the high peak of the Divine revelation… that is Christ in you….

    If anyone believes in me, rivers of living water will flow out from that person’s ·heart [L belly; gut], as the Scripture says [Is. 55:1; 58:11; Ezek. 47:1–12; Zech. 14:8, compare John 4:10–11; Rev. 7:17; 22:1].”

    Jesus was talking about the Holy Spirit. The Spirit had not yet been given, because Jesus had not yet been ·raised to glory [glorified].

    But later, those who believed in Jesus would receive the Spirit.

    I would not tell you this if it were not true. I am going there to prepare a place for you.

    So then, rid yourselves of all evil, all lying [deceit], hypocrisy, ·jealousy [envy] and evil speech [slander; all traits that destroy relationships;

    Rom. 13:13; Eph. 4:25–32; Col. 3:8].

    As newborn babies want milk, you should want the pure [sincere; unadulterated] and simple

    [or spiritual] teaching.

    By it you can mature [grow; reach maturity] in your salvation, because you have already examined and seen [tasted] how good the Lord is [Ps. 34:8].

    YOU YOURSELVES, as living stones, are being built into a spiritual house to be cohanim set apart for God to offer spiritual sacrifices acceptable to him through Yeshua the Messiah.

    Teach them to obey everything that I have told you to do. You can be sure that I will be with you always. I will continue with you until the end of time.”

    The one who joins with the Lord

    [in spiritual union] is one spirit with the Lord.

    Now you [collectively] are Christ’s body and [individually] you are members of it, each part severally and distinct

    [each with his own place and function].

    His intention was the perfecting and the full equipping of the saints (His consecrated people), [that they should do] the work of ministering toward building up Christ’s body (the church),

    By means of these He has bestowed on us His precious and exceedingly great promises, so that through them you may escape [by flight] from the moral decay (rottenness and corruption) that is in the world because of covetousness (lust and greed) and become sharers (partakers) of the DIVINE nature.

    (Highest peak right there!) PARTAKERS of the Divine nature that we may escape… that’s the antidote….!

    We have seen the enemy… and he is us!

    Eat Jesus! He is the incarnate Word of God and now as the resurrected, ascended, glorified God Man, Jesus Christ is pneumatic Spirit. That’s the real meaning of praying before eating… that is to say,… we eat and are filled with the Spirit

    by or spiritual union with Christ.

    But the firm foundation of (laid by) God stands, sure and unshaken, bearing this seal (inscription): The Lord knows those who are His, and, Let everyone who names [himself by] the name of the Lord give up all iniquity and stand aloof from it.

    The Lord is good.

    He protects those who trust him

    in times of trouble.

    The Spirit and the bride say, “Come!” Let the one who hears this say, “Come!” Let whoever is thirsty come; whoever wishes may ·have [take; receive] the water of life ·as a free gift [freely].

    If anyone loves Me, he will keep My word; and My Father will love him and We will come to him and make Our abode with him. (WOW)

    I in them and You in Me, that they may be perfected in unity, so that the world may know that You sent Me, and loved them, even as You have loved Me.

    Be strong and be brave. Don’t be afraid of those people because the Lord your God is with you. He will not fail you or leave you.

    By this, love is perfected with us so that we may have confidence in the day of judgment; because as He is, so also are we in this world. There is no fear in love; but perfect love casts out fear, because fear involves punishment, and the one who fears is not perfected in love.

    We love, because He first loved us.…

  • Joel

    It seems that the death of the Dollar is near now… Mike Maloney showed it many times in his presentations. The unstoppable Peter Schiff does the same for years now, as Jim Rogers, Gerard Celente, and many, many others. Well, here below an article of Bloombergview(dot)com.

    And for those trolls and scoffers around accusing Michael of being a doomsayer, this Bloombergview article tends also to support the many articles Michael has written for us on this blog related to the Dollar and the Economy in general…

    If some still don’t want to believe in the in-depth work of Michael, and other peoples warnings like Zero-Hedge, etc. there is nothing else we can do for them…

    Keep up the good works Michael :-)

    ———————————-
    Article on BloombergView
    ———————————-

    China Steps In as World’s New Bank

    DEC 25, 2014 6:00 PM EST

    By William Pesek

    Thanks to China, Christine Lagarde of the International Monetary Fund, Jim Yong Kim of the World Bank and Takehiko Nakao of the Asian Development Bank may no longer have much meaningful work to do.

    Beijing’s move to bail out Russia, on top of its recent aid for Venezuela and Argentina, signals the death of the post-war Bretton Woods world. It’s also marks the beginning of the end for America’s linchpin role in the global economy and Japan’s influence in Asia.

    What is China’s new Asian Infrastructure Investment Bank if not an ADB killer? If Japan, ADB’s main benefactor, won’t share the presidency with Asian peers, Beijing will just use its deep pockets to overpower it. Lagarde’s and Kim’s shops also are looking at a future in which crisis-wracked governments call Beijing before Washington.

    China stepping up its role as lender of last resort upends an economic development game that’s been decades in the making. The IMF, World Bank and ADB are bloated, change-adverse institutions. When Ukraine received a $17 billion IMF-led bailout this year it was about shoring up a geopolitically important economy, not geopolitical blackmail.

    Chinese President Xi Jinping’s government doesn’t care about upgrading economies, the health of tax regimes or central bank reserves. It cares about loyalty. The quid pro quo: For our generous assistance we expect your full support on everything from Taiwan to territorial disputes to deadening the West’s pesky focus on human rights.

    This may sound hyperbolic; Russia, Argentina and Venezuela are already at odds with the U.S. and its allies. But what about Europe? In 2011 and 2012, it looked to Beijing to save euro bond markets through massive purchases. Expect more of this dynamic in 2015 should fresh turmoil hit the euro zone, at which time Beijing will expect European leaders to pull their diplomatic punches. What happens if the Federal Reserve’s tapering slams economies from India to Indonesia and governments look to China for help? Why would Cambodia, Laos or Vietnam bother with the IMF’s conditions when China writes big checks with few strings attached?

    Beijing’s $24 billion currency swap program to help Russia is a sign of things to come. Russia, it’s often said, is too nuclear to fail. As Moscow weathers the worst crisis since the 1998 default, it’s tempting to view China as a good global citizen. But Beijing is just enabling President Vladimir Putin, who’s now under zero pressure to diversify his economy away from oil. The same goes for China’s $2.3 billion currency swap with Argentina and its $4 billion loan to Venezuela. In the Chinese century, bad behavior has its rewards.

    If ever there were a time for President Barack Obama to accelerate his “pivot” to Asia it’s now. There’s plenty to worry about as China tosses money at rogue governments like Sudan and Zimbabwe. But there’s also lots at stake for Asia’s budding democracies. The so-called Washington consensus on economic policies isn’t perfect, but is Beijing’s model of autocratic state capitalism with scant press freedom really a better option? With China becoming Asia’s sugar daddy, the temptation in, say, Myanmar might be to avoid the difficult process of creating credible institutions to oversee the economy.

    There could be a silver lining to China lavishing its nearly $4 trillion of currency reserves on crisis-plagued nations: It might force the IMF, World Bank and ADB to raise their games. Competition, as Lagarde, Kim and Nakao would agree, is a good thing. But more likely, China’s largess will encourage bad policy habits and impede development in ways that leave the global economy worse off.

    To contact the author on this story:
    William Pesek at wpesek(at)bloomberg(dot)net

    To contact the editor on this story:
    Mary Duenwald at mduenwald(at)bloomberg(dot)net

  • GSOB

    …rescuing you from the Jewish people and from the Gentiles, to whom I am sending you, to open their eyes so that they may turn from darkness to light and from the dominion of Satan to God, that they may receive forgiveness of sins and an inheritance among those who have been sanctified by faith in Me.’

    • Ian Beattie

      Acts 26:17-18. Praise The Jesus!

  • Gay Veteran

    awwwwwwwwwww, bet you miss the 50s when inter-racial couples couldn’t get married in some states

    • Smokeman

      Not so much as as gays being kept in the closet.

      • Gay Veteran

        self admitted hater of inter-racial couples and gays

        • Smokeman

          I knew that one would get your attention. I am no fan of gays or miscegenation.

          • Gay Veteran

            I like an honest bigot

  • Charles Reece

    They are a very crafty people, and they are not afraid to fight dirty.

  • Charles Reece

    Michael you state the following near the end of your article:

    “[The Russians] are a very crafty people, and they are not afraid to fight dirty”.
    Unfortunately, I find this to be most true of Americans themselves. Too bad that Alexis de Tocqueville did not mention this in his seminal book, “Democracy in America”, written in 1835. Perhaps it was a character trait of Americans that he failed to see, in spite of his brilliance in analyzing American cultural thought and behavior.

  • tacoma

    Quick: which country loves war, needs war, does war, enjoy war?
    Well, you know the answer. Just check the facts.

    U.S. currently is in relative peace, but nevertheless engage at war with:
    – Itself, black and white
    – Itself, drugs
    – Itself, 1% v. 99%
    – Itself, illegal immigration
    – N Korea, on all fronts, leftover from the 1952 war
    – Russia, a strategic war to maintain US hegemony over NATO and Europe
    – Russia, war on money and oil
    – Somelia, pirates and terrorists
    – Yeman, terrorists
    – ISIS, a real war of bombs for no apparent goal
    – Afghanistan, war on the Taliban
    – Philippines, war on Islamic insurgents at the south
    – Libya, leftover from the regime change and revenge from embassy hit
    – OPEC, oil war for US dollar as hegemonic fiat currency to finance US $17 trillion debt
    – Crimea and the new Eurasian Economic Union, apply economic sanctions to destroy them before they can compete or recover.

    – The world, especially allies, target of NSA intelligence hack and occasional attacks

    Happy New Year America!! May you have more wars this year.

  • JULIAN DONKEY

    They want this Micheal. The Sony hack is propaganda. Stick to truth.
    IT layed off and just shot to curb. SO you tell me who is motive?

    You believe the FBI?
    Really?

    Sorry USA is a force of evil. Russians starved the Hitler. They cooked the people that died. When Germans surrendered they begged the USA troops to take them.
    You have no idea who you are dealing with. Russia is “over” communism. It is far from perfect. Putinis an example of things you don’t understand obviously.

    USA invaded Iraq. One million dead and counting. Yes the head choppers are funded by the USA but it is the pissed off Sunni that they replaced with Shia. You again have no idea. Sunni generals reduced to eating scraps, the orphans, the introducing drugs, the complete insanity Iraq is destroyed and you say Russia plays dirty?

    Please look in the mirror, idiot.

  • helen

    Is this Obama’s Final Solution for the ”white’ race”?

    When Obama came to power, it was like a black imperial presidency.
    Everything he wants and any information, planning, policies and strategies come from the ”white” officials (aka eunuchs in this case) surrounding him. He is thus controlled by the ”whites” and has no choice but to continue the agenda set forth by the neo-cons and the hawks in Washington.

    The eunuchs now control the emperor!

    The emperor is a puppet?

    Does the emperor not resent this or does he have his own private and personal plan?

    Obama may have his own personal agenda as he approaches the end of his presidency.

    Obama was born a Muslim and a black ethnic African (Kenyan) at that.

    Is he trying to take revenge on the ”whites” who had previously turned millions of Africans into slaves in the United States and that American ”whites” have slaughtered millions of Muslins in the Middle east and elsewhere?

    By provoking Russia and initiating a Nuclear War with Russia, Obama would have wiped out all the ”whites” in Europe and the United States!

    Is that his insane desire before the end of his presidency!?

    Is this his last laugh on the “whites”?

    Is this his personal revenge?

    Of course , unlike what the Western mainstream media and some scientists claimed, that in a nuclear confrontation, Mankind will cease to exist. This is of course not true. Many in Asia, Africa and South America will still survive. But Europe and North America will essentially be reduced to radioactive dusts. And of course in a nuclear war with Russia, the United States will also nuke China simultaneously. Essentially about one to two billion peoples will die. There is still life for the remaining billions on planet earth. And there will be also many mutants too after that!

    Thus the question remains:

    Is Obama planning and implementing his Final Solution for the “Whites” in Europe and the United States!?

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