Always Blame Your Enemy – Turkey is Endangering the Entire World Economy


COMMENT: Marty,

On Aug 12/18 you wrote about “Iran and & Turkey Ripe for Revolution?” and in that blog, you mentioned … They will both turn toward Russia for help and portray their political crisis as a CIA plot.
When watching the news the other night, I noticed this is exactly what Turkey is doing; turning to Russia and blaming the USA (in this case Trump). It’s ridiculous how countries turn to the USA for help but then when the USA doesn’t answer these prayers, these countries demonize the USA. This is akin to praying to God to give you millions of dollars and then when you don’t magically win the lottery, you blame God even though he provided you with opportunities and skills that you ignored.
Once again,
Marty, you called it.
Cheers from Calgary.

 

REPLY: The real crazy thing is this is so standard, it is not even taking a guess. Erdogan has threatened to walk into the arms of Russia and Erdogan is simply not someone the West should trust. I have been warning that NATO should absolutely withdraw from Turkey. Until the people overthrow this guy, he should be distanced RIGHT NOW!!!!! He has been against Greece and Israeli. He is by no means of a particular side. He has been fixed on his vision of restoring the Ottoman Empire and he has ruined the economy of Turkey. Erdogan is far more dangerous than any other world leader and the West had better wake up before it is too late.

 

This does not even take a computer to figure it out. This is politics 101 which happens EVERY SINGLE TIME since ancient times. You always blame an external enemy or else the people will blame you and that can lead to a regime change. The sanctions against Russia and even Turkey are stupid. They both allow politicians in such countries to divert blame to an external enemy. Sanctions against Russia for Crimea or Eastern Ukraine where the people are ethnically Russian is political nonsense and it has only reestablished the cold war for absolutely no reason. It was NEVER in the best interests for the USA or Europe. The entire Syrian adventure was all about a pipeline to compete with Russia for Qatar. There was no concern about killing civilians with chemical weapons. These are just excuses to manipulate the news and opinion.

 

Cheney & Rumsfeld the Machiavellian Puppet Masters Behind the Iraq War


 

There is so much behind the scenes to the creation of a false narrative to wage war in Iraq it is no joke. The story laid out by James Bamford offers another slice of the war story that was sold to the world. Those behind this sales-pitch will never be prosecuted because they are above the law when the Deep State controls the prosecution process. Rather than regurgitate what Bamford wrote and the movie Shock & Awe, I want to add yet another dimension. The journalist who really sold this to the American people was  Judith Miller of the New York Times.

On October 1st, 2004, federal Judge Thomas F. Hogan found Judith Miller in contempt of court for refusing to appear before a federal grand jury, which was investigating who had leaked to reporters the fact that Valerie Plame was a CIA operative. Curiously, among notations about Iraq and nuclear weapons in Ms. Miller’s notebook, appeared the name: “Valerie Flame.” That name became the core of a federal grand jury investigation with its tentacles deep into the White House. At issue is whether Bush administration officials leaked the identity of Ms. Plame, an undercover C.I.A. operative, to reporters as part of an effort to blunt criticism of the Cheney’s justification for the war in Iraq. Former ambassador Joseph C. Wilson and his wife, C.I.A. operative Valerie Plame, became the center of the controversy over Cheney’s bogus claim, that was read by President Bush in his State of the Union address, that Saddam had tried to buy uranium in Africa.

It turned out that one of the legal cases used to support the actions of Judge Thomas F. Hogan to throw Judith Miller in jail on contempt of court was my own. Ms. Miller spent 85 days in jail for refusing to testify and reveal her confidential source. However, she could not take it any longer and finally agreed to testify before the grand jury that she could not exactly remember if her source was I. Lewis “Scooter” Libby, the Vice President Dick Cheney’s chief of staff. But she said he did not reveal Ms. Plame’s name. When the prosecutor asked her to explain how “Valerie Flame” appeared in the same notebook she used in interviewing Mr. Libby, Ms. Miller said she “didn’t think” she heard it from him. “I said I believed the information came from another source, whom I could not recall.” When you want to avoid perjury, just say you do not recall.

The interesting aspect of this part of the Iraq affair is that the grand jury investigation centers on whether administration officials leaked the identity of Ms. Plame, whose husband, a former diplomat named Joseph C. Wilson, who had become a public critic of the Iraq war in July 2003. So Wilson came out against the invasion of Iraq. Judith Miller said Scooter Libby first raised questions about Wilson in an interview with her that June. This was PRIOR to Wilson going public suggesting that he was on Dick Cheney’s radar before he went public with his criticisms.

Perhaps you will recall that in October 2005, Scooter Libby resigned from all three government positions when he was indicted by a federal grand jury concerning the investigation of the leak of the covert identity of Central Intelligence Agency officer Valerie Plame. He was subsequently convicted of four counts. After a failed appeal, President Bush commuted Libby’s sentence of 30 months in federal prison but left his conviction intact. That is extremely interesting. Libby’s license to practice law was suspended until 2016. It was President Donald Trump fully pardoned Libby on April 13, 2018 – NOT Bush!.

It was Libby who waived his agreement with Miller of confidentiality and she accepted his permission and testified. Three courts, including the Supreme Court, all declined Miller’s plea of confidentiality of the press. That really means you cannot talk to the press “off the record” anymore. In the spring of 2003, Miller returned from covering the war in Iraq. She was there with an American military team that was searching unsuccessfully for evidence of nuclear, chemical and biological weapons. It was Miller who had written a series of articles before the war that effectively just reported Cheney’s accounts and Bush administration officials along with claimed Iraqi defectors which all painted Saddam Hussein was developing these weapons of mass destruction. There was no independent verification on her part.

When no evidence of the weapons was ever found, her reporting became viewed as a stooge for Cheney. She was accused of writing articles that helped Cheney make his case for war. Miller had been an investigative reporter who had worked at The Times for three decades. Back in 2002, she was even part of a team of Times reporters that won a Pulitzer Prize for articles on Al Qaeda.

Scooter Libby wanted to talk about a diplomat’s fact-finding trip in 2002 to the African nation of Niger to determine whether Iraq sought uranium there. The diplomat was Mr. Wilson, and his wife worked for the C.I.A. It was Wilson who accused the White House in an opinion article that appeared in The Times that they were twisting intelligence to exaggerate the Iraqi threat. Libby was already defending Vice President Dick Cheney. He told Miller that his boss knew nothing about Mr. Wilson or his findings. It was two days AFTER Wilson’s opinion article appeared when Miller and Libby met on July 8th for breakfast at the St. Regis Hotel, near the White House. That is when her notebook included the reference to “Valerie Flame.” She then claimed that the name did not appear in the same portion of her notebook as the interview notes from Mr. Libby. Then on July 12th, her notes on a phone call with Libby was written: “Victoria Wilson” claimed she had other sources about Mr. Wilson’s wife that she could not discuss.

The Cheney and Bush, according to inside sources, were never friends. The Atlantic reported that Bush Senior came out and made it clear about Cheney and Rumsfeld. He said that Cheney “became very hard-line and very different from the Dick Cheney I knew and worked with.” Bush Sr. also blasted Cheney further saying he was “[j]ust iron-ass. His seeming knuckling under to the real hard-charging guys who want to fight about everything, use force to get our way in the Middle East.” He went on to say that Cheney built “his own empire.”

Turning to Donald Rumsfeld, Bush Sr. called him an “arrogant fellow.” “I think he served the president badly,” Bush said. “I don’t like what he did, and I think it hurt the president having his iron-ass view of everything. I’ve never been that close to him anyway. There’s a lack of humility, a lack of seeing what the other guy thinks. He’s more kick ass and take names, take numbers. I think he paid a price for that.”

He also blamed his son for allowing Cheney to “bring in kind of his own State Department.” He said “it’s not Cheney’s fault. It’s the president’s fault.”

The question that arises centers on the Scooter Libby case. They went after him on the pretense that he revealed the name of a CIA agent. Was the prosecution of the Chief of Staff to the Vice President really about such the slip of a name? Not likely. That was simply the attempt to get to taking down Cheney. Libby held his ground and Bush commuted his sentence, not the conviction. That was in itself a sign that he did not support Cheney when he realized he had been manipulated into war. The Atlantic wrote a piece: The Bush-Cheney Marriage Ended with a Fight over Another Man. Catchy headline, but the man was Scooter Libby. Cheney wanted a pardon, and Bush refused.

The Washington Post reported that Dan Quayle visited Dick Cheney to brief him on the duties. He told him: “You know, Dick, you’re going to be doing a lot of traveling, going to a lot of funerals, lot of fundraisers. You’re going to be doing the things that presidents don’t want to do, and that your president doesn’t want to do.” Cheney grinned and said: “I have a different understanding with the president.” Cheney really became the defacto, President.

I have written about how I would meet with people who wanted to run for president. They were told I was there to brief them on the world economy at large and I was to assess their capability to handle the job. Then in the early summer of 1999, I was asked to go meet with Bush Jr. and was told that “this is different, he is really stupid!” I was totally shocked by those words. I was then told that they had to surround him with top people. It was then I was asked if I would accept the position of Chief Economic Advisor. I laughed and declined. I was not some Goldman Sachs CEO who could sell my shares tax-free. The company was not public and I was not about to shut it down to take some frustrating job in the White House.

Dick Cheney was the Machiavellian puppet master of George W. Bush. I was on the inside and knew the players. Anyone who knew George W. Bush also knew that he had an accommodating personality and “trusted” the people around him in decision-making. That is my two cents on the subject and the REAL two people behind the Iraq War were Cheney and Rumsfeld. They really should be prosecuted in my opinion. The attempt to get to Cheney by charging Libby in hopes of him turning against Cheney failed

Hillary For President 2028 – Again?


Ready to Lead the Nation Through 2032

July Retail Sales Growth: 6.4% “Unexpected”, “Well Beyond Expectations”, “well beyond what experts predicted”…


Remember that 2016 conversation about retail inflation, Q2 wage growth, durable goods spending and non-durable goods expenditures…  Well, in a growing economy; a bigly expanding economy; with wages actually increasing as an authentic outcome of expanded hiring and jobs, jobs, jobs… in conjunction with lowered tax rates…. you get more money in your pocket.

This natural Main Street dynamic leads to increased consumer spending, specifically in the retail sectors influenced by who?… Oh, yeah, those middle-class economic beneficiaries of all the above.

The expert financial pundits are shocked, shocked I tell you… shocked; when, all of a sudden, the convergence of MAGAnomic Main Street policies delivers results.  DUH!

The Commerce Department – Economic and Statistics Administration – released the figures from July 2018 retail sales today (full pdf available here), showing an incredibly strong .5% increase in spending in July, bringing a 6.4% increase year-over-year;  and the results have dropped the jaws of the “experts”:

“Economists polled by Reuters had forecast retail sales nudging up 0.1 percent in July.” (link)

“Retail spending in the United States increased a half-percent during the month of July — well beyond what experts predicted.” (link)

“U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong” (link)

(pdf link)

With expanded jobs available; higher wages and the highest workforce in the history of the country currently; and with more U.S. workers re-entering the workforce again; and with expanded optimism and opportunity; the retail sector is a natural benefactor.

Notice the drop in the “sporting goods, hobby, etc.” sector?  Americans love to work… when you’re working, you’re earning…. when you’re earning you ain’t playing as much etc.

Retail sales growth is directly related to the middle-class.  Retail store volume is directly related to the wealth of the middle class.  Build a strong Main Street and you simultaneously build a strong, financially secure, middle-class.  It is a self-fulfilling economic prophecy; this is common sense.

Remember, two-thirds of our GDP, and the subsequent economic growth measured by GDP growth, is directly influenced by retail sales.  The more goods Americans purchase, the higher our GDP growth in the making, manufacturing, distribution and selling of those goods.   This is the Main Street growth cycle dynamic never discussed when all of the economic emphasis is on a service-driven economy (Wall Street).

BIG PICTURE – As a direct result of President Trump’s multifaceted economic strategy, manufacturing companies are having to look at TCO which is “Total Cost of Ownership”. You see, President Trump is not only approaching manufacturing growth policy from the trade-agreement and investment side, his policies also approach the larger impacts on raw material, energy and labor.

This multi-pronged policy approach forces companies to look at transportation and location costs of manufacturing. In combination with more favorable tax rates; if domestic costs of material and energy drop, in addition to drops in regulatory and compliance costs of operating the business, the total operating cost differences drop dramatically.

This means labor and transportation costs become a larger part of the consideration in “where” to manufacture. All of these costs contribute to the TCO. Transportation costs are very expensive on durable goods imported. If the durable goods are made domestically, the transportation costs per unit shipped drop significantly. The TCO analysis then further reduces to looking at labor.

U.S. Labor is more expensive, yes. However, if material costs, energy costs, regulatory costs, taxes and transportation costs are part of the TCO equation – then higher labor costs can be offset by the previously mentioned savings.

… […] Chinese wages have been rising by about 15% a year since 2000. As a result, the Chinese labor cost in dollars per unit of output is now about four times what it was in 2000. We estimate that about 25% of what is now offshored would come back if companies quantified the total cost. These products would generally have characteristics such as high freight cost vs. labor cost, frequent design changes, volatility in demand, intellectual property risk, and regulatory and compliance requirements. (link)

For two years CTH has repeatedly stated that under Trump’s proposals “total costs” drop so dramatically, that off-shored manufacturing is no longer the best play. We are seeing that shake out right now. For the first time in 30 years companies are reviewing the TCO of products and finding less and less financial reasons for off-shore manufacturing.

Their response?….  Well, we need more workers !!

Winnamins baby… moar winnamins.

Strzok Fired, Likely Bruce Ohr is Next – False FISA Affidavits, Fraudulent 302’s, Security Clearances Under Review…


One of the outcomes of losing a security clearance is the inability to prepare for any testimony. When Sarah Sanders stated today that currently employed DOJ official Bruce Ohr was a person having a security clearance review; the logical takeaway is he will be fired after he delivers his testimony.

The media narrative surrounding FBI Agent Peter Strzok’s firing has been framed, almost exclusively, around his political text messages. Given the nature of the media participation in the events this is not surprising.  However, Strzok’s text messages have no bearing on his firing.

In March 2018 the DOJ Office of Inspector General announced an ongoing review of how the DOJ and FBI used FISA (Foreign Intelligence Surveillance Act) as a weaponized tool against their political opposition.

As part of this examination, the OIG also will review information that was known to the DOJ and the FBI at the time the applications were filed from or about an alleged FBI confidential source. Additionally, the OIG will review the DOJ’s and FBI’s relationship and communications with the alleged source as they relate to the FISC applications.  (pdf link)

Two months later on Monday May 21st, Deputy Attorney General Rod Rosenstein added a significant DOJ mandate to the Inspector General review.  Rosenstein expanded the original FISA review to include looking at whether officials within the intelligence community may have unlawfully used human intelligence assets to “spy” or “surveil” the Trump campaign:

“The Department has asked the Inspector General to expand the ongoing review of the FISA application process to include determining whether there was any impropriety or political motivation in how the FBI conducted its counterintelligence investigation of persons suspected of involvement with the Russian agents who interfered in the 2016 presidential election.” (link)

Part of that ongoing IG review surrounds FBI Affidavits presented to the FISA Court (FISC) and whether those affidavits were fraudulent; thereby misleading the court. FBI Agent Peter Strzok is the primary affiant swearing to the truthfulness and fullness of the information that underlines the FISA application (ie. Woods Procedures) . We know Peter Strzok lied and misrepresented information to the court.

In addition to violating the Woods Procedures, FBI Agent Peter Strzok likely falsified, manipulated and shaped FD-302 investigative notes in both the Hillary Clinton and Michael Flynn interviews. His own text messages with DOJ Special Counsel Lisa Page highlights that Peter Strzok was very familiar with manipulating evidence by the narrative he could/did write in his 302 submissions.

On May 11, 2018, Senate Judiciary Chairman Chuck Grassley dropped a sunlight grenade into the prosecution of Michael Flynn with a jaw-dropping request letter (full pdf below) to FBI Director Christopher Wray. [Judiciary Link Here]

Within the letter Chairman Grassley outlined a prior briefing from fired FBI Director James Comey to the Senate Judiciary Committee, and contrasts the false presentations of James Comey and by extension Peter Strzok -regarding Michael Flynn- against recently known evidence.

Additionally, Grassley requested: ♦the transcription of the phone call(s) intercepted by the FBI between Flynn and Russian Ambassador Kislyak; ♦the FD 302’s written by the FBI in their interview with Michael Flynn; ♦and testimony from Special Agent Joe Pientka, likely the second FBI agent who was partnered with Peter Strzok for the Flynn interview.

The name of the second FBI agent was previously unknown, and it’s likely Chairman Grassley outed the name for a very specific reason. This is a BIG shot across the bow.

Previously the Justice Department was refusing to provide any information to the committee pertinent to Grassley’s requests, citing the ongoing investigation. However, the Senator was outlining his request against the backdrop of the Judge in the Flynn case demanding the Special Counsel turn over all exculpatory information.

Judge Contreras was presiding judge on the initial guilty plea, then “was recused”. Judge Sullivan took over and demanded the DOJ turn over all exculpatory evidence.

Senator Grassley outlines the February 15th, 2017, briefing provided by James Comey to the committee:

[…] Like the Flynn interview itself, that briefing was not transcribed. Also like the Flynn interview, there are notes taken by a career, non-partisan law enforcement officer who was present. The agent was on detail to the Committee staff at the time.

According to that agent’s contemporaneous notes, Director Comey specifically told us during that briefing that the FBI agents who interviewed Lt. General Michael Flynn, “saw nothing that led them to believe [he was] lying.” Our own Committee staff’s notes indicate that Mr. Comey said the “agents saw no change in his demeanor or tone that would say he was being untruthful.”

Contrary to his public statements during his current book tour denying any memory of those comments, then-Director Comey led us to believe during that briefing that the agents who interviewed Flynn did not believe he intentionally lied about his conversation with the Ambassador and that the Justice Department was unlikely to prosecute him for false statements made in that interview. In the months since then, the Special Counsel obtained a guilty plea from Lt. General Flynn for that precise alleged conduct.

It is important to remember – there is a widely held belief that Deputy FBI Director Andrew McCabe told the FBI agents (Peter Strzok and Joe Pientka) to shape their FBI reports of the interview (FD-302’s) to assist a “Flynn lied” narrative.

There is a great deal of debate surrounding the guilty plea as an outcome of a carefully constructed and coordinated plan by FBI and DOJ officials to target Flynn.

The letter continues:

[…] The Department has withheld the Flynn-related documents since our initial bipartisan request last year, citing an ongoing criminal investigation. With Flynn’s plea, the investigation appears concluded.

Additionally, while we are aware that the Special Counsel’s office has moved to delay Lt. General Flynn’s sentencing on several occasions, we presume that all related records already have been provided to the defense pursuant to Judge Sullivan’s February 16, 2018 order requiring production of all potentially exculpatory material. Thus, although the case is not yet adjudicated, the Committee’s oversight interest in the underlying documents requested more than a year ago now outweighs any legitimate executive branch interest in withholding it. So too does the Committee’s interest in learning the FBI agents’ actual assessments of their interview of Lt. Gen. Flynn, particularly given the apparent contradiction between what then Directory Comey told us in March 2017 and what he now claims.

Then comes the hammer:

[…] In addition, please make Special Agent Joe Pientka available for a transcribed interview with Committee staff no later than one week following the production of the requested documents…

BOOM !!

Here’s the full letter:

https://www.scribd.com/embeds/378959078/content?start_page=1&view_mode=&access_key=key-Nqp1yP4sXSDULHvdpOty

.

Regarding the “widely held belief” that Deputy FBI Director Andrew McCabe told the FBI agents (Strzok and Pientka) to shape their FBI reports of the interview (FD-302’s) to assist a “Flynn lied” narrative…. As Nick Falco points out evidence of that is within the most recent text messages between Lisa Page and Peter Strzok:

♦January 23, 2017, the day before the Flynn interview, Lisa Page says: “I can feel my heart beating harder, I’m so stressed about all the ways THIS has the potential to go fully off the rails.” Weird!

♦Strzok replies: “I know. I just talked with John, we’re getting together as soon as I get in to finish that write up for Andy (MCCABE) this morning.” Strzok agrees with Page about being stressed that “THIS” could go off the rails…(Strzok’s meeting w Flynn the next day)

♦Why would Page & Strzok be stressed about “THIS” potentially going off the rails if everything was by the book?

BECAUSE IT WASN’T!

It was a conspiracy to entrap Gen Mike Flynn. All Strzok needed was an excuse to speak w Flynn. Everything in the 302 was likely fabricated.

♦February 14th, 2017, there is another note about the FBI reports filed from the interview.

Peter Strzok asks Lisa Page if FBI Deputy Director Andrew McCabe is OK with his report: “Also, is Andy good with F-302?”

Lisa Page replies: “Launch on F 302”.

And we know from their discussions of manipulating FBI reports a year earlier, inside the Hillary Clinton investigation – that Peter Strzok has withheld information, and manipulated information, through use of the 302 reports:

(Full Back-story HERE)

Peter Strzok wasn’t fired for political “text messages”. FBI Agent Peter Strzok was fired for unlawful and unethical actions he took as a result of his political bias – some of which were fortunately outlined within the political text messages.

Don’t forget how those text messages surfaced.

 

White House Revokes Security Clearance of Former, Highly Political, CIA Director John Brennan…


White House press secretary Sarah Sanders announced today that President Trump has revoked the security clearance of former, highly political, CIA Director John Brennan.

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Brennan is the first person from a former list to lose his clearance.  In addition to Brennan security clearances for former FBI director James Comey; former deputy FBI director Andrew McCabe; former director of national intelligence James Clapper; former national security adviser Susan Rice; and former CIA director Michael Hayden are being reviewed.

Expanding the list today Mrs. Sanders added: recently fired FBI Agent Peter Strzok; former DOJ lawyer Lisa Page; former Deputy Attorney General Sally Yates and current DOJ official Bruce Ohr.  With the addition of Bruce Ohr, a currently employed DOJ official, it appears highly likely that he too will soon be fired.

The listed intelligence and justice officials are some of the known participants in the 2015, 2016 and 2017 weaponization of the intelligence apparatus for political purposes. Despite their growing number, we call them the “small group”.

The inside group, writ large, was operating a coordinated effort to influence the 2016 election and weaponize intelligence to target their political opposition.  The inside group was assisted by an external team of political operatives including: Fusion-GPS, Glenn Simpson, Nellie Ohr, Christopher Steele, Daniel Richman, Benjamin Wittes (Lawfare Blog); as well as contractors and agents -foreign and domestic- used by the intelligence apparatus.

Supporting the efforts of both the inside “small group” and the outside group; a large number of like-minded journalists from Yahoo News, Mother Jones, Buzzfeed, The New York Times, The Washington Post, CNN and MSNBC were utilized -via leaks- in framing an intentionally and demonstrably false narrative that provided cover for their activity.

Qatar to help Turkey by $15 Billion Loan


There has been a lot of lobbying behind the curtain going on asking Qatar to change its position and help Turkey for the IMF would not be able to come to the rescue. Sources are saying that Qatar will help Turkey to the tune of $15 billion for now. Those lobbying have included the United States. This will help ease things a little with Turkey

This is No Joke – Monetary Reform Will Be Forced Upon the World


QUESTION: Mr. Armstrong; I really understand why the government wanted your model so bad. You have been the only one to correctly forecast the entire world. The emerging markets are cracking and the euro is falling apart. What is next in your timetable?

ANSWER: We have been warning that the first to crack would be emerging markets and Turkey was the focal point. We are also beginning to witness the debt crisis in China due to loans in dollars as well. Many of these companies simply lacked the sophistication to understand currency risk or hedging strategies. The second in line would be Europe and the Euro is really in danger of bringing the entire world economy down. The third in line will be Japan, and then finally the crisis will hit the USA. We are just living in an era where people have believed the nonsense for far too long. Adam Smith’s Invisible Hand cannot be defeated.

This is SERIOUS. People have to understand that this is NOT my personal belief, opinion, or anything else based upon some predetermined conclusion. People attack me personally because they cannot defend a system that NOBODY in their right mind would have created from scratch. Our system is a patchwork of band-aids that are applied to each crisis and then never removed. Collectively, that have combined to create a complete nightmare. This has become such a mess, there is NOT a single person I know in government capable to even correcting this mess. The truth ALWAYS is exposed.

I am only one person. I do not have the support to manage a global crisis or step in to help every country. This will take a lot more than just me. The countries who want help are generally the peripheral not the majors for this is too political

ECB Panics – Tells Banks to Stop Converting to Dollars


The European Central Bank is instructing banks to restrict the conversion of Euros to dollars. The Euro has fallen to 113006. Once again, the dangerous game here is when we cross that line of demarcation between CONFIDENCE in government and the REALIZATION that there is nobody in control but the free markets. Once all the talk and all the promises are no longer considered to be worth listening to, that is when the monetary crisis begins to really shake the foundations. We are moving closer to that point of no return.

The truth always comes from the mouths of babes. In the case of politicians, it is the new one who comes to power and has not yet learned the tricks of the trade. In this respect, Italy has spoken the truth. The ECB has had the Eurozone on life-support. They cannot pull the plug without the collapse of the Euro and with that, lies the jobs in Brussels. This is why they will become draconian and attempt to outlaw selling the Euro all to maintain their jobs. They will lose. The free markets ALWAYS win!.