Obama’s Legacy: Big Government, Bigger Monopolies and support for Illegal Immigration

By LUIS MIRANDA | THE REAL AGENDA | JANUARY 31, 2013

The brightest highlight of Barack Obama’s presidency is that he has been able to keep alive the thought — in the heads of his supporters —  that they are entitled to getting free government handouts. At the same time, he has kept alive the dream of large corporate conglomerates that their monopolies will not be touched, unless it is to make them bigger and stronger. But perhaps Obama’s most important achievement — still to come — is the dream of millions of illegal immigrants who, if made legal, will secure support for his agenda, with or without him on the presidency.

Let’s remember that Obama’s agenda is not his per se. He follows the path shown to him decades ago, which includes bringing radical changes to the United States, namely a massive move to redistribute the wealth. It is precisely on immigration where Obama and his minions from both parties will force the American hand.

President Obama gave his first speech of his second term to defend the need for reform of the U.S. immigration system. Talking from Las Vegas, Obama started the gamble of his second term, that is, the passing of legislation to turn 30 million illegals into green card holders. The U.S. president called on Congress to pass new legislation as soon as possible, pressuring lawmakers as he did during his first four years in the White House. A day later, Obama appeared in two Hispanic television channels, announcing his commitment: “I will invest all I have in the reform,” he said.

“I’m hoping that we can get it and I am sure it won’t take many months,” the president said to Telemundo. “I think it’s something we can achieve this year and I would like it to happen, if possible, in the first half of 2013.”

“The issue here is more political than technical. It is that Republicans and Democrats must agree and send their proposal,” Obama said. The president said during his speech Monday in Las Vegas that he asked Congress to pass reform as soon as possible or otherwise he would present his own plan if there is no progress. With this comment, Obama has once again threatened the power of Congress to make and pass laws by asserting he can come up with legislation all by himself and sign it into law when he wants. He has said the same about issues such as gun control and the debt ceiling.

“I can guarantee that I will invest everything I have, I will not stop talking about it.” Obama then said that a majority of Americans support reform: “I will do everything to ensure that I equate public opinion with the votes in Congress to get a bill that I can sign.”

During his interview with Univision, Obama spoke of the amount of time he would like to spend before legislation is passed. “I do not want to wait six months or a year. Senators are doing their job and we have begun to find where there are differences so we can pay attention,” he said. “Give time to debate, but if it takes more than three months, then it would be a problem,” he threatened once again.

On Monday, a group of eight senators, four Democrats and four Republicans announced a preliminary agreement for reform, in a sign of the interest of both parties to change the system, even if it means opening the door to citizenship for millions of undocumented. In reality, the main goal of any piece of legislation that comes out of Washington in three, six or twelve months will be to give a free path to citizenship to millions of illegals, even before those who have waited in line for years to legally enter the country or obtain their green cards through the traditional application process.

As expected, the proposal that Obama put on the table on Tuesday does not make any adjustments about border security, because his only aim is to guarantee the perpetuation of his agenda, which intends to have 30 new million voters to elect the next puppet president.

“In the next few months we will discuss these issues,” Obama said on Univision. Then he made an astonishing statement: “The basis of the reform should be if a person who has lived in the United States and has done it well with his neighbors, has the opportunity to apply for citizenship.” To Obama it is not relevant whether people entered the country legally or not, or if they stayed in the United States in violation of existing immigration laws.

Another aspect that the legislation doesn’t seem to address is the economic impact that the country will suffer once the American government takes responsibility for supporting services and programs that many of the millions of illegals will surely want to get access to for themselves and their extended families. The cost will certainly not be paid for with taxes, since Obama is focused on making everyone dependent on government bribes.

Obama said he is confident that the new legislation will be ready before the end of 2013. “Yes we can,” he said, reminding viewers of his 2008 campaign slogan.

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Do you want a recovery? Let the foreign banks fail

By LUIS MIRANDA | THE REAL AGENDA | OCTOBER 24, 2012

Although the financial crisis is said to have begun in 2008, its actual inception started many years before. As explained yesterday, the so-called recovery that almost every politician says governments are seeking is a sham. There are no plans drawn to have a recovery of the kind spoken of on the main stream media. In fact, it is totally the opposite.

It is true; the crisis that we are experiencing is the worst since the Great Depression of the 1930’s, but the conditions that created the crisis are the same that have existed for the past century. The system of creating money out of thin air enables the money makers to inject fake capital into economies, in what is called investments. After the economies get addicted to ‘free’ quick money to build their businesses, the issuers of the fake money take it away quickly or demand immediate return on those ‘investments’, which causes the decapitalization of those economies and consequently their collapse.

The causes of what seemed to have unraveled in 2008 began at the start of the 20th century with the adoption of the debt-based economic model. According to its precepts, governments yield the power to issue money to a group of international bankers who issue the it on behalf of governments around the world at a profit of as much as 30 percent or so. The interests accrued due to the issuance of the money — which is given to governments as a credit — is charged on those governments’ credit card and are immediately added to the tabs of the people who work to sustain government spending.

In a sense, the debt-based economic model originated on the irresponsibility from the part of the bureaucrats who manage the  government. Instead of spending the people’s money responsibly, the bureaucrats thought it was a better idea to borrow cash at immense interest rates, rather than decrease spending. Then, they decided to accept bribes and advice from international bankers to finance their out of control expenditures while charging the interests of the debt on the working classes.

The same system initiated in 1913, is still used today everywhere there is a central bank. Whether the bank is a private entity or an agency of the government is irrelevant. The bureaucrats elected to represent the people borrow money from the IMF and the World Bank, for example, in exchange for adopting specific policies that will guarantee the international bankers their ownership of the labor force for many generations into the future.

The money paid by working people to the central governments is not used to improve the communities where they live. They go to pay the interests on the debt acquired by the same central government in the name of the people. The type of improvements promised by politicians during their political campaigns are not paid with taxpayer money, but with the cash borrowed from the international bankers. The bankers arrive to nation-states and offer loans to governments that do not have enough liquidity to carry out the promises made during the political campaign. The government accepts all the conditions on the loan contract and effectively sign away sovereignty to the money makers.

The collapse of the kind the world is experiencing now is the last step of the plan that bankers have put together and implemented to become the sole owners of everything out there. The important difference between previous crises and the current one is that this may just be the last time bankers need to use their plan. That is because this time the bankers may simply walk away with everything, so no more manufactured crises will be needed.

The question is then, how do we stop the bankers from doing the same they’ve done in Greece, where they’ve looted it all? It is very easy, actually. All of Europe and the rest of the world needs to do the same that Iceland did. Instead of saying that international financial institutions were too big to fail, Iceland decided to kick them out. As it turns out, around 90 percent of the debt held by the Icelandic government was debt created by the banks and only 10 percent was actual debt incurred into by the people. After that fact was carefully determined, Iceland decided to take the other path towards a real recovery.

Believe it or not, Iceland decided to let the banks fail, which is exactly the opposite of what was done in Italy, France, Greece, Spain, England and the United States, to cite a few countries. Everywhere else where the crisis touched international banks, governments decided that it was a bad idea to tell the banks to get out of their countries and to take their debt with them. Instead, they printed more fake money to ‘rescue’ those banks and passed the debt to the people, who will have to pay interests on that debt for generations to come. This move not only did not solve the problem because the only thing it accomplished was to increase the debt, but also worsened economic conditions as no real solutions to the crisis were enacted.

At the beginning of 2008, the banks operating in Iceland owed the equivalent of 6 times the country’s GDP. The government there decided to nationalize the 3 most important debtor banks, which caused the devaluation of the local currency — the króna — by 85 percent. This seemed to spell trouble for Iceland, but contrary to common wisdom it actually help the nation have a real recovery while it maintained much of its independence and sovereignty. The government went bankrupt by the end of the year, but the country avoided having to make the citizens responsible for the debt generated by the international banks.

Along with the devaluation of the króna, Iceland experienced soaring inflation immediately after the declaration of bankruptcy. Meanwhile, the government decided to take all monies and deposit them in the recently nationalized banks in order to start all over again. The move by the Icelandic government meant a short period of real pain, but also gave the opportunity to the people there to start fresh, with no debt and with spending under control.

By 2010, just two years after the declaration of bankruptcy and the nationalization of the banks, Iceland experienced its first signs of economic growth, which marked the beginning of the recovery. By letting the international banks fail, Iceland not only punished irresponsible bankers for their overreach, but also prevented their people from becoming slaves to the banks. The country also admitted to having some real debt — a tiny portion of the total — and is now working on a successful path to a full recovery.

The lesson we get from all this is the following: We cannot fight fire by dumping gasoline on it. If the origin of the current crisis is the debt-based economic system, no solution will emerge when all we do is create more debt to pay the existing one. The reason why most countries decided to choose the issuance of more debt — as nations in Europe are doing now — is because their politicians are bought and paid for by the bankers to make that decision. If the opposite is done, that is, if the debt generated by the banks is rejected and they are left to fail, we will have many other successful recoveries. It is so simple that even Paul Krugman understands it.

So if you want your country to be free from fake money and fake debt, ask your government to renounce the debt-based development model, which is not even a development model. If all you want is a real recovery, let the banks fail.

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International Banking Mafia Drools over ‘Spanish Prize’

By LUIS MIRANDA | THE REAL AGENDA | SEPTEMBER 19, 2012

The global banking cartel that almost daily proposes the destruction of the nations states is working harder than ever to once and for all conquer Spain. Even before the European Central Bank issued a statement about its openness to bail out Spain, technocrats in Europe were already proposing the looting of the country. Now that the ECB agreed to print million of euros to acquire the peninsular country, they are megaphoning louder than ever that Spain must immediately accept the bailout in order to solve its debt problem.

In previous reports, The Real Agenda reported how the unelected leaders in Brussels believe that Spain will not be able to comply with the conditions imposed by the bankers should Mariano Rajoy request the money from the European Stability Mechanism, which would turn such a request into an official hand over of the nation to the European bankers and nothing else. According to sources in Brussels, Spain does not have and will not have the capacity to cut its deficit by collecting taxes or reducing government spending. What these two actions would definitely do, is to harden even more the dire situation in which millions of Spanish people are now: unemployed, having to use their savings to pay for daily expenses and while looking at an uncertain future.

Proof of the tough conditions in Spain are two reports that circulated on the Spanish press yesterday. One news article on the newspaper La Vanguardia, told about how Spanish people withdrew over 30 billion euros from their bank accounts during the month of July alone. That is how much they trust their government to solve the economic and financial crisis. Those 30 billion euros added to the amount withdrawn last year for a total of 80 billion euros. The withdrawals include individual and business accounts.

The other report published on the newspaper El País describes how the conditions imposed on Spain — after the country requests the bailout — will be the toughest so far in the region. This comment did not come from a speculator, but from the president of the Eurogroup, Jean-Claude Juncker, who said that Spain will experience deep cuts in government spending, which most likely be applied to government services, pension system and entitlement programs. Juncker’s prediction contrasts the comments made last week by the Spanish Secretary of Economy, Luis de Guindos, who assured the nation that the measures adopted along with the bailout would not mean ‘further sacrifices’ in the 2013 government budget.

In summary, Spain will not be able to meet the conditions of the bankers. Those conditions will represent more sacrifices from the Spanish people, who do not have an ounce of trust on their government to take the nation from the debt hole where it is sitting now. However, the same government led by Mariano Rajoy is still considering requesting the bailout, perhaps being influenced by the European banking sharks who are calling for the immediate request of the funds by the Spanish bureaucrats.

“The announcement of the ECB was very brave on one hand, but will not help unless Spain or Italy request the support of an economic program of the EU and the IMF,” said Charles Dallara, the Director of the International Institute of Finances (IIF), while attempting to portray the bankers as the saviors of the European region. In this regard, he said that in the absence of a government negotiating a reform program that is supported by the European Commission, the “massive potential support” by the ECB will remain only potential and will not materialize.

Spain had already requested the bailout of its “too big to fail” banks, which were instructed to hoard the money to avoid the otherwise impending hyper-inflation. The same situation occurred in other countries of the Euro zone and the United States. This explains why despite government interventions through massive fiat money printing, nations on both sides of the Atlantic haven’t generated any significant economic activity. Neither small or medium size business have been able to request loans to run their businesses. Instead, the bankers have hid the money given in bailouts, or have used it to pay fat bonuses to their board members and most influential investors.

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