Putin Asked Obama: “What Is State Sovereignty?”

…“Might makes right” is what the US Government has been doing for the last 70 years. In fact, the U.S. has or has attempted to impose their will on sovereign nations since the end of the Spanish American War of 1898. Obama is not the first nor will be the last president to talk about imposing their form of “democracy” on the planet.

This is where Putin’s speech challenges Washington’s foreign policy strategies. Putin’s speech was mainly about the situation in Syria with the U.S. Backed “moderate” rebels and the Islamic State including other terrorist groups. However, Putin mentioned a recent historical fact about the U.S./NATO intervention in Libya and the start of the Syrian civil war which created social and political chaos in the Middle East and the North African region:

What is the meaning of state sovereignty, the term which has been mentioned by our colleagues here? It basically means freedom, every person and every state being free to choose their future. By the way, this brings us to the issue of the so-called legitimacy of state authorities. You shouldn’t play with words and manipulate them. In international law, international affairs, every term has to be clearly defined, transparent and interpreted the same way by one and all. We are all different, and we should respect that. Nations shouldn’t be forced to all conform to the same development model that somebody has declared the only appropriate one. We should all remember the lessons of the past. For example, we remember examples from our Soviet past, when the Soviet Union exported social experiments, pushing for changes in other countries for ideological reasons, and this often led to tragic consequences and caused degradation instead of progress.

It seems, however, that instead of learning from other people’s mistakes, some prefer to repeat them and continue to export revolutions, only now these are “democratic” revolutions. Just look at the situation in the Middle East and Northern Africa already mentioned by the previous speaker. Of course, political and social problems have been piling up for a long time in this region, and people there wanted change. But what was the actual outcome? Instead of bringing about reforms, aggressive intervention rashly destroyed government institutions and the local way of life. Instead of democracy and progress, there is now violence, poverty, social disasters and total disregard for human rights, including even the right to life. I’m urged to ask those who created this situation: do you at least realize now what you’ve done? But I’m afraid that this question will remain unanswered, because they have never abandoned their policy, which is based on arrogance, exceptionalism and impunity

Putin was right on point with historical facts when it came to Libya and Syria while Obama sold “Propaganda” on the world stage. According to Obama and every US president before him, the U.S. is exceptional; therefore their place in the world is to impose “democracy” on every nation on earth.  Obama said:…


Viral 9/11 Video Causing Serious Waves Simply by Proclaiming Facts

This video was produced in honor of those whose lives were taken and whose loved ones have had to live with the sad devastation of losing friends and family – and to the thousand more who, to this day, have had the quality of their lives diminished because of the conditions they were subjected to that day as they attempted to rescue those in trouble.

As difficult as it may be for some of you to believe the facts stated in this video, each statement is supported in the source links are listed in the description below. Please take the time to do your own research and draw your own conclusions…


Will The Failure Of Central Banking Lead To Global Bloodshed: The French Revolution Case Study

The sequence of events leading up the French Revolution are likely unfamiliar to most. Yet money printing and a debauched French currency played no small part in those events. As a sequel to “Shorting the Federal Reserve”, 720 Global aims to provide an historical example of excessive money printing which lead to financial crisis, and ultimately the revolution of a major sovereign nation. More than a history lesson, this article effectively illustrates the road on which the U.S. and many other nations currently travel. The story relayed in this article is not a forecast for what may happen but a simple reminder of what has repeatedly happened in the past.

As you read, notice the story lines the French politicians used to persuade the opposition and justify money printing. Note the similarities to the rationales used by central bankers and neo?Keynesians today. Then, as now, it is promoted as a cure for economic ills with manageable consequences and where failure to generate a sustainable recovery are thought to be a failure of not having acted boldly enough.

Our gratitude to the late Andrew D. White, on whose work we relied heavily. The exquisite account of France circa the 1780?1790’s was well documented in his paper entitled “Fiat Money Inflation in France” published in?1896. Any unattributed quotes were taken from his paper…


38% of American Workforce Still Jobless

38% of the workforce is out of work, but the deluded point to a rigged 5.1% unemployment rate as a sign of recovery.  Related:

great-depression---jobs(Desperate Americans stand in soup kitchen lines and look for work. Circa 1929)

While the Obama administration and their mainstream surrogates maintain that the economy is growing at a booming pace, the reality of the situation is starkly different.

According to a report from the Bureau of Labor Statistics some 94.6 million Americans (age 16 and over) are either not working or have made no effort to find a job. With a population of 320 million, that means nearly one in three people in the United States are currently out of work.

The Bureau of Labor Statistics reports that a record 94,610,000 people (ages 16 and over) were not in the labor force in September. In other words they were neither employed nor had made specific efforts to find work in the prior four weeks.

The number of individuals out of the work force last month — due to discouragement, retirement or otherwise — represented a substantial 579,000 person increase over the most recent record, hit in August, of 94,031,000 people out of the workforce.

Curiously, the official unemployment rate remained unchanged at 5.1%, suggesting that some 95% of people actually have jobs.

But as we’ve repeatedly pointed out, that number has been completely skewed over the last two decades as it fails to account for people who have stopped looking for work (because there are no actual jobs available).

According to John Williams of Shadow Stats, if we were to calculate unemployment using the same metrics as we did during the 1930’s, or even the 1980’s, we’d already be in Great Depression territory. Williams, who utilizes a reporting methodology that accounts for “long-term discouraged workers who were defined out of official existence in 1994,” notes that the real unemployment rate is rapidly approaching 25%.


Now compare the above chart to similar measurements from the 1930’s and you’ll see just how bad things really are:

greatdepression-unemployment(via Casey Research)

It’s so bad, in fact, that we have seen sustained unemployment exceeding that of the Great Depression for almost the entirety of Barack Obama’s Presidency.

But how can it be possible to have a full-fledged recovery and record stock prices when nearly one-third of the adult population is not working?

If the government is to be believed, it’s because our economy continues to grow at a pace of about 2%.

But once again, if we calculate the real growth rate and adjust for inflation, we see exactly why jobs are non-existent and getting worse every month.

The following chart made available by Williams shows that despite a positive “official” GDP growth rate being disseminated to the public, the reality is exactly the opposite. The U.S. economy is by all accounts shrinking and has been doing so for the better part of a decade:


We’ve already witnessed numerous shocks to the global economy over recent weeks and the prospects of any sort of stability just went out the window.

There is no recovery. There are no jobs. There is no growth…


As an aside, I took a train ride from Washington, D.C. to my hometown of Trenton, NJ yesterday to attend the funeral of a friend.  From Baltimore north it was a depressing view out of the window.  Shuttered, abandoned and collapsing factories, wrecked train engines and cars on sidings, slums in abundance, homeless people and the smell of urine in all of the train stations were pervasive.  This situation cannot last, despite the propaganda from the Ministry of Truth and the fawning, perhaps wishful, acceptance of same by the deluded.  Even before I left Washington, the sight of the homeless outside and inside Union Station was depressing.

What “Orwellian” Really Means