The latest PRIVATEER !!! long, worthwhile - MUST read

Hi My friends!

I am getting this one out a bit late.

At the end of the first section, Bill Buckler talks about the relevant time in history similar to ours today when the Democratic Republic of Weimar Germany went into a tailspin financially. He said that smart Germans shifted their currency out into gold-based currencies. The same financial pressures bearing down on early part of the 1900's is happening again today, only it is bigger this time.

During Stalin's Russia, world famous economist Nikolai Kondratiev developed the "long wave" model that accurately predicted that we would have this currency crash right about now. We are in the winter "season" according to his model -

http://www.financialsense.com/transcriptions/2002/Gordon.html

So accurate was his model for Western economics that he was killed by jealous Stalin at the height of his late 1930's purges. Kondratieff's model is worth checking out once again especially now that we are seemingly moving right along on cue towards that predictable debt cleansing function that seems historically unprecedented in size and scope this time around.

Other parallels are political. As most of us have heard, the German Republic was overrun by the Nationalist Socialists or "Nationalsozialistische", (Nazi for short) after some corrupt insiders firebombed their own Reichstagg building and blamed a foreign enemy while rolling out draconian laws internally under the guise of "Homeland Security".

Now we see the exact same play book being employed by the US as it morphs increasingly into greater corporate + state controlled politics, justifying profitable pre-emptive wars on a shifting set of continuous false proofs that insult our intelligence. Is pre-emptive war in a helpless country that happens to sit on the world's second greatest undeveloped oil patch really necessary to stop "the Reds"... er... I mean "The terrorists" who are known to be "Jews" ... er... I mean "Radical Islamists"? Total sham, a cheap re-run.

As goes the economy, so goes the politics and the masses fail to see the pattern... but there is a way out. Smart Germans knew what to do with their doomed paper assets. And you do too!

Well, enough from me. Let's move our paper to precious metals and let's monitor the obvious trends excellently laid out by the numbers below...

Cheers,
Tate


============================================================

GLOBAL REPORT

THE BIG GLOBAL CRUMBLE

The global economic recession is here. Worldwide, the story is nearly the same on every continent as nation after nation reels backwards from suffering a "mere" economic slowdown to actually entering a recession.

World Stock Markets Tell The Story:

All of the 23 developed nations in the MSCI World Index except Canada have made bear market plunges of 20 percent or more since September 2007 as credit losses surged and commodity prices stoked price inflation.

Stock markets discount the future prices of the shares of productive companies into the present prices of today's shares. Lower share prices signal (and in many ways give) a picture of what real economies will concretely look like in future as declining earnings are discounted.

The US second quarter now marks the fourth straight quarter of declining earnings for S&P 500 companies. Earnings have decreased 93 percent at US financial firms, 36 percent at companies that depend on discretionary consumer spending and an average 1.2 percent at commodities producers.

The US Future Price Pipeline:

Prices paid by US manufacturers for crude materials rose 70 percent over the three months ended in June. Prices for the intermediate goods made from those materials rose much less, about 27 percent. Prices for finished products made from those goods rose 14 percent, according to the Bureau of Labor Statistics Producer Price Index. US consumer prices will be next.

US companies cannot raise prices much, so they will start layoffs instead.

In The US - Somebody Always Tells You:

In June, the US saw more mass layoffs than it has in any one month since June 2003, the US Department of Labor said. There were 1,643 instances of mass layoffs affecting 165,697 workers in June. The US financial bloodletting since last summer has torn $US 2.6 TRILLION from the value of shares in the Standard & Poor's 500 Index since Oct. 12, 2007 when it reached a record 1561.80.

Some 9.6 million US homeowners now have mortgages which exceed the market value of their homes. This is up from 4.1 million homeowners with negative equity one year ago and 2.7 million two years ago.

The typical price Fannie Mae received for foreclosed homes sold in the first quarter fell to 74 percent of the unpaid mortgage principal from 93 percent in 2005. This signals DEFLATION on a massive scale.

Too Many US Losses To Count - An Example:

Merrill Lynch lost $US 2.2 Billion in the third quarter of 2007. It lost $US 9.8 Billion in the fourth quarter, $US 1.9 Billion in the first quarter of 2008 and another $US 4.65 Billion in the second quarter.

For Fannie And Freddie - This Is The LAW:

Bailout or no bailout, this is the present law for Fannie and Freddie. The two companies must hold 2.5 percent of capital against their $US 1.5 TRILLION of investments and another 0.45 percent against their guarantees of $US 3.6 TRILLION of securities. Do you feel reassured? With prices paid for foreclosed homes already down to 74 percent of the unpaid mortgage principal at the end of the first quarter, Fannie and Freddie's books are certain to be a shambles. When President Bush signs the bailout bill, it will be the American taxpayers' hard earned money which will be poured down this deflationary sink hole.

Standard & Poor's puts the full cost of a tax-funded bail-out of the two now truly "government sponsored enterprises" - Fannie and Freddie - at between $US 420 Billon and $US 1.1 TRILLION. Woe to US taxpayers! Annual American family incomes adjusted for inflation have grown by just 0.8 percent in the just over six and a half years since the end of 2001. Fannie and Freddie's combined losses over the past three quarters - that's nine MONTHS - reached more than $US 11 Billion.

Who Holds This Stuff?:

Asian institutions and investors hold some $US 800 Billion in securities issued by Fannie and Freddie, the bulk of that in China and Japan. China had $US 376 Billion and Japan $US 228 Billion as of June 2008. Europe holds approximately $US 72 billion in Fannie and Freddie debt. Investors in Britain hold $US 28 Billion. Russian buyers hold $US 75 Billion. There is $US 3.750 TRILLION of this stuff held inside the US financial system. Clearly, it was these US holders who had to be bailed out.

A Lingering Look At The Past Seven Years:

The US savings rate, which exceeded 8 percent of disposable income in 1968, stood at 0.4 percent at the end of the first quarter of this year according to the US Bureau of Economic Analysis. US mortgage debt stood at $US 10.5 TRILLION at the end of 2007, more than double the $US 4.8 TRILLION just seven years earlier. $US 5.7 TRILLION was borrowed and poured into houses in only seven years!

On top of that, Americans carry $US 2.56 TRILLION in consumer debt, up 22 percent since 2000 according to the Federal Reserve Board. The average household's credit card debt is $US 8,565, up almost 15 percent from 2000. Average household debt has swelled to 120 percent of annual income, up from 60 percent in 1984, according to the Federal Reserve. Americans are peons.

In America - Your Deposit Is "Insured" By Law:

Fannie And Freddie hold 2.5 percent of capital against their "investments" and 0.45 percent against their investment "guarantees". The Federal Deposit Insurance Corporation (FDIC) guarantees all American bank deposits up to $US 100,000 and up to $US 250,000 in certain US retirement accounts. The FDIC has $US 52.8 Billion in "reserve" to cover TRILLIONS of US Dollar bank deposits. As of June 2008, the FDIC insured US 8471 banking institutions which had total deposits of $US 8,575 TRILLION.

NOW do you feel reassured? The FDIC's "reserve" is a whopping 0.62 percent. This gargantuan financial mess has rolled through Congress in the form of a "housing bill" now signed by President Bush. Buried somewhere in the 694-page bill is an $US 800 Billion hike in the US Treasury's debt ceiling, raising it to $US 10.615 TRILLION from $US 9.815 TRILLION. The Treasury's debt "limit" has been raised by $US 1.65 TRILLION (or almost 20 percent) in the TEN MONTHS since September 27, 2007.

The Grossly Misnamed US "Treasury":

If names had any relationship to the entity they describe, the US Treasury should be called the US Debtory. The Treasury is the place where what the US federal government owes is on the record. On July 30, President Bush signed the "housing bill" which included an $US 800 Billion increase in the Treasury's debt " ceiling" to $US 10.615 TRILLION! Let the borrowing and spending roll on.

Once the Senate passed the bill on July 27, the White House sprang into action. On the morning of July 28, the Bush Administration released a revised estimate, putting the new budget deficit at $US 482 Billion for next year. The Bush Administration then had the audacity to blame the sagging US economy and all the "stimulus checks" it sent out earlier in the year for causing the increased deficit!

Piling Debts On Top Of Debts:

The US Treasury - which has just had its credit "limit" raised by $US 1.65 TRILLION in ten months, will now "backstop" Fannie and Freddie, and their $US 5.2 TRILLION of toxic paper. The only way that the Treasury can do this is to borrow even more and then hand all the borrowed money over to the two GSEs! At some point, there is going to be a form of debt revulsion across the rest of the world. When that happens, the Treasury will suddenly find one day that there are few if any foreign buyers for its paper.

The Word From The Top - "Disastrous Consequences":

"The obligations Fannie and Freddie have outstanding, something in the order of $US 5 TRILLION, are so large that there would be a worldwide financial catastrophe should they default. The financial system would seize up." So said former St. Louis Fed President William Poole in a recent interview.

The Wall Street Journal's Own Nightmare:

The Wall Street Journal (WSJ) posted a doomsday scenario should Treasury Secretary Paulson's plan fail:

"Falling house prices and nonpaying homeowners cause the value of the TRILLIONS of US Dollars in outstanding debt held by these government-sponsored enterprises, Fannie and Freddie, to plunge. Many banks have balance sheets stuffed full of this paper. They face huge losses, which some can't survive."

"They and other investors, such as foreign central banks, then dump the GSE paper."

The US Treasury's International Pawn Shop:

As The Privateer goes to press, it is clear that the entire Fannie/Freddie saga is heading toward the doors of the US Treasury. The Congress has finished festooning the Housing Bill with "other items", some of which Mr Bush has been threatening to veto for years. Yet when the 694-page bill arrived on Mr Bush's desk, he lost no time in signing it. He had no choice.

With the bill now law, the REAL crisis begins. The US Treasury is in position as a "captive buyer" of the paper from Fannie and Freddie. If US Treasury baulked even for a moment in front of the necessity to buy this paper, the "value" of the paper would plunge and the WSJ's "nightmare" would become a reality.

There can be scant doubt that right across the world - from central banks to commercial banks to insurance companies and all the rest - there are financial institutions simply itching to sell the Fannie and Freddie paper they currently hold. There was no buyer in sight before. There is now!

That buyer is the US Treasury! And that is why the Treasury could turn into an international pawn shop for Fannie and Freddie's paper. Always remember, the US Treasury can only buy if it borrows first.

A Financial Earthquake From Down Under:

An Australian commercial bank has torpedoed the world's financial system below the waterline. It has had the audacity or the dire necessity to do a massive write-down on its holdings of US Collateralised Debt Obligation (CDO) paper. The National Australia Bank (NAB) has made a debt provision for as much as 90 percent of the value of its portfolio of CDOs, most of which were derived from US mortgages - and all rated AAA! The NAB had already flagged $A 181 million in losses. It increased this by $A 830 million to $A 1.011 Billion. This is a 90 percent write down on AAA rated US paper!

The GLOBAL Ramifications:

It is not this single action by this Australian bank which matters that much, it is the global precedent which it has set. This is the first time that a write-down - of 90 percent in this case - has been done in the open for all to see. The Bear Stearns takeover by the Fed back in March was done to PREVENT this from happening. Now, it has. The news sent a thrill of fear through the Asian markets. Any matching write-down by Asian holders of US CDO paper would destroy balance sheets right across the region.

The news quickly got worse. In the US, Merrill Lynch sold $US 30.6 Billion in CDOs at 22 cents on the US Dollar. This AAA rated US paper was thereby written down by 78 percent. In global terms, a value has here been set on US originated CDOs of between 10 and 22 cents to the US Dollar!

There is Serious Work For The US Treasury:

As reported earlier in this Global Report, the true focal point remains inside the US. There is at least $US 3.6 to $US 3.75 TRILLION of this kind of paper on the books of American banks, insurance companies, financial houses, pension plans ad (almost) infinitum. All of them are now looking at matching write-downs of US originated CDO paper and assorted other US financial paper of like kinds. All of them are staring at write-downs of between 78 percent to 90 percent courtesy of the first two financial houses to face the truth - Merrill Lynch and National Australia Bank.

The Write-Down To 22 Percent:

Merrill Lynch agreed to sell $US 30.6 Billion of CDOs, the mortgage-related securities that have caused most of the firm's losses, for $US 6.7 Billion. Merrill Lynch itself provided the financing for about 75 percent of the purchase price by LENDING the new buyer the money to make the purchase.

The World Of Finance Is In A State Of "Pre Panic":

As The Privateer goes to press with this issue, there are undoubtedly untold numbers of financial people looking at their balance sheets and tallying up the difference between 78 percent losses and 90 percent losses on their investments in US financial paper of almost any and all description.

The one thing holding off a full-scale panic is the fact that President Bush has signed the Housing Law which raises the US debt "ceiling" to $US 10.615 TRILLION. The US Treasury can now come in as a CDO buyer - funding it through Fannie and Freddie - and stave off a global valuation catastrophe.

A Short Excursion On Price Maintenance Programs:

Historically, what the US Treasury has set itself up to do is a price maintenance program. It is a program to try to keep the price of certain items in the market higher than where the market would have put them. All these programs have failed when the nation funding them ran out of money. After that, the prices in question fell down to their market clearing levels. This is the fate staring the US Treasury in the face. It will only be able to maintain this charade as long as it can borrow and spend the borrowed money.

The First Rule Of Price Maintenance Programs:

This one is simplicity itself. When one discovers such a program - SELL if one should happen to hold any of the stuff whose price is artificially being held too high. This is what the US Treasury now faces. Here, Fannie and Freddie are only speed bumps on the road to the doors of the US Treasury. The second rule when one discovers a price maintenance program is to examine the underwriter of these (too high) prices. In doing so, one discovers that the program is causing ever climbing damage to their own balance sheet. The solution is to SELL the underwriter's financial paper! When the underwriter finally gives up, not only will the price of what it was trying to keep up at higher levels fall, but the underwriter's own financial paper will follow it down.

From The US Treasury To The US Dollar:

The US Treasury faces the prospect of paying nearly 100c on the US Dollar for CDO paper which is already being valued in the market at between 0 and 10 cents on the US Dollar. That huge gap will mean that this will be a VERY costly exercise. To all current holders, Americans as well as foreigners, the fact that the US Treasury is engaged in a price maintenance program is an invitation to sell this US-originated CDO paper at prices which will not be seen again. At some point in this ploy by the US Treasury, the value of its own paper will come into the spotlight. And when that starts to get sold off, the entire mess will recoil backwards towards the US Dollar. After that - there is no other place to go.

The Fast Approaching US Dollar Crisis:

A flight OUT of money is a flight INTO real goods. That is what the Germans called it during the three years between 1920 and 1923 when the German currency was destroyed. Increasingly desperate Germans started buying real economic goods with increasing speed as their currency lost value and prices of all other economic goods soared all around them. But back then, intelligent Germans had another choice right before their eyes. There were many sounder currencies in countries all around their borders.

Germans who understood this simply exchanged their failing money for Dutch Guilders, Swiss Francs, US Dollars (then fixed at $US 20.67 to an ounce of Gold), British Pounds etc.. All these other currencies were still on a Gold Standard with their currencies anchored to Gold at a fixed rate.

What is so truly important to understand today is this: What the intelligent Germans did in the early 1920s cannot be done now. There is not a single currency which is directly anchored to Gold. Not even the Euro, though the Euro's central banks and the ECB itself counts Gold as part of their international reserves. What is missing is the possibility of exchanging the Euro for Gold at a fixed rate by the simple presentation of Euro notes on the counter of any bank. The last currency with any form of connection to Gold was in fact the US Dollar at its rate of $US 35.00 per ounce of Gold, but this only held for transactions between governments and central banks. Mere mortals were not allowed to do it at all.

That last monetary connection to Gold was broken on August 15, 1971 by President Nixon. Ever since then, the world has been swimming in fiat paper money and - increasingly - simply credit money which commercial banks issue as loans. Today, a flight into real goods has already taken place. That can be seen in the huge surge of commodities, most of them priced and traded in terms of the US Dollar.

This flight away from money and into real economic goods, into commodities, is a short step away from a flight away from fiat or credit money into REAL money - into Gold. All it will take to bring that about is a massive fall in the international value of the US Dollar. Fannie and Freddie can't crash because they already have - just look at their share prices. Next in line is the debt paper of the US Treasury. Once that starts falling, the US Dollar is next in line.

The advantage of holding Gold coin now is that, as an individual, one stands with the money of the future.

INSIDE THE UNITED STATES

THE NEW TWENTY-TWO CENT STANDARD

It didn't take long after Merrill Lynch had announced its CDO write down before others inside the US had to follow. In Merrill's case, the CDO's were originally valued at $US 30.6 Billion. By the end of the second quarter, Merrill had written them down to $US 11.1 Billion. It sold them for $US 6.7 Billion.

The BIG Write-Down:

Merrill's price of 22 cents on the dollar is now the new standard. Then came all the others. Citigroup's chief financial officer said that many of the bank's CDO's are valued at 61 cents on the dollar - for now. Other mortgage assets at Citigroup such as "mezzanine" and high-grade CDO's are marked closer to Merrill's 22-cent level. Bank of America, told The Times of London that the bank is taking Merrill's sale into consideration. Bank of America values its CDO's at 44 cents on the dollar. But since Merrill Lynch lent the buyer Lone Star $US 5 Billion so it could buy the CDOs (Lone Star supplying the other $US 1.7 Billion), Merrill Lynch is in effect selling the CDOs for slightly less than 6 cents on the dollar.

That 6 cents is in fact lower than the write-down which National Australia Bank did to 10 cents.

The US Mortgage Price Maintenance Program:

Fannie Mae, the largest US mortgage finance company, said its portfolio of mortgages expanded at a 23 percent annualised rate in June, the fastest pace since 2003. Fannie's holdings had risen by $US 12.7 Billion to $US 749.6 Billion. Freddie Mac said its mortgage investments expanded at a 33 percent annual rate to a record $US 792 Billion. Note that these buying sprees by Fannie and Freddie took place well before Congress passed the Housing Bill and President Bush signed it into law. Bush has done that now. The authority for the Treasury Department to help Fannie and Freddie is limited only by the debt ceiling which was raised $US 800 Billion to stand at a record $US 10.615 TRILLION.

From here on, these write-downs will not only act as benchmarks, but they will force many financial institutions across the US to come forward with their own write-downs should they also hold any CDOs on their books. Internationally, the same is the case. Here too, there are many banks and other financial houses which hold all kinds of US financial paper including CDOs. In the weeks ahead, they will have to come clean. Worse, such write-downs of US paper will increase the world's suspicions about all other kinds of US paper - including US Treasuries.

The US Treasury Is On The Critical List:

Internationally, there are two things to watch for: First, watch the US Treasury refunding exercises to see whether foreigners still show up to buy the US debt offerings. Second, keep a close eye on the yields on US Treasury bonds, notes, bills etc. to see if US interest rates start to climb in the secondary market. That is likely to be the first signal that foreign holders of US Treasuries are starting to actually sell!

The US Dollar Price Maintenance Program:

Merrill Lynch has warned that the United States could face a foreign "financing crisis" within months as the full consequences of the Fannie Mae and Freddie Mac mortgage debacle spread throughout the world.

The US depends on Asian, Russian and Middle Eastern nations to fund its $US 700 Billion annual current account deficit, leaving it HIGHLY vulnerable to a collapse of confidence. Obviously, were this foreign buying of US Dollars to end, not only would the US current account deficit stand unfunded but the US Dollar would stand naked. The US Dollar could crash!

INSIDE JAPAN - AND - CHINA

JAPAN'S ECONOMY CONTRACTS - AND - CHINA HAS RETURNED

Japan's industrial output fell 2 percent in the single month of June from the previous month on declining worldwide demand for passenger cars and factory equipment, the government said on July 30.

Any 2 percent fall in industrial output is drastic in real economic terms. In global terms, it shows very clearly that international trade is contracting at a high rate of speed. Inside Japan, layoffs and inventories are climbing as is unemployment. Japanese consumer spending has likewise contracted in the past few months. On a GDP basis, Japan is on the verge of economic recession and could be there soon.

A Bad Sign Of The Times:

The world trade talks held by the World Trade Organisation (WTO) collapsed on Tuesday, July 29, after seven years. The spectre of the dirty thirties is again raising its head. Back then, nations barricaded themselves behind trade walls while at the same time trying to maintain their exports by plowing massive subsidies behind them. Today, global food trade is already affected with at least 65 nations placing new export barriers in an attempt to keep their own internal food prices lower than they otherwise would have been. The old result of this is already apparent. By disallowing farm exports to the higher priced markets, these nations are lowering the living standards of their own farmers and food producers. Meanwhile, in the nations where the food no longer arrives, prices for consumers are higher than they would have been. In one place farmers and food producers are poorer, in the other, the consumers are.

A Late Warning From On High:

Mr Hiroshi Watanabe, Japan's chief market regulator, rattled the markets when he urged Japanese banks and life insurance companies to treat US agency debt with caution. The two sets of Japanese institutions hold an estimated $56 Billion of Fannie and Freddie paper as well as US subprimes and CDOs. The warning came too late. Merrill Lynch has already invoked the 22 cent rule. The Japanese write-downs and the broader write-downs across the Asian markets will arrive over coming weeks. Late this week, as The Privateer goes to press, there are already stories appearing in the Asian press that "authorities" and even central banks in Asia are stepping into the breach as the losses on Merrill's 22 cent rule have already forced some Asian financial institutions to the wall. If many nations in Asia start to paper over the losses they now face on their US financial paper with new money creation, the result would be an upward explosion in Asian consumer prices. If they don't paper over these losses, that would ensure a wave of bankruptcies across their financial sectors from banks to life insurance companies.

China - BEFORE And AFTER:

Before and after the Olympic Games in Beijing, that is. Beijing has made it abundantly clear that it will let nothing and nobody stand in the way of making these Olympic Games a thunderous success. This is China's way of saying that it has returned to claim its rightful place amongst the great nations in the world. The Olympic Games run from August 8 - 24. The world will have a form of a timeout from all its present troubles. In China, once the afterglow fades (assuming there is one), the door opens for several possible drastic changes in policy. First amongst these changes will undoubtedly be a reassessment of China's present policy of the central bank "swallowing" inflowing US Dollars as fast as they arrive.

This policy has led to the enormous increase in China's holdings of foreign exchange, now standing at $US 1.81 TRILLION. Buying US Treasuries and Agency paper from Fannie and Freddie is a certain losers' game. The Chinese know this, having complained bitterly about their US Dollar losses.

If the Chinese government decides to do a flight into real goods, it will buy resources all over the world.

INSIDE THE EUROPEAN UNION

EUROPE IS ON VACATION - COME BACK IN SEPTEMBER

It happens just about every year in Europe around this time. Anyone looking for political, economic, financial or strategic news will find none in the European papers. Europe is on vacation!

All (Nearly) Quiet On The European Front:

Such news as is to be found primarily deals with international events - and even this is scarce. What is to be found mainly deals with national internal events of a secondary order. Here, one could say that this is a version of "no news is good news".

In a way, this is true. Europe is doing quite well thank you. The European Central Bank (ECB) though, is somewhat of an exception to this. Barely a week goes by without one, or several, of its top people saying that inflation is still a danger and that the ECB is vigilantly watching price developments.

On The Shores Of Geneva:

The world trade talks held by the WTO collapsed in Geneva on July 29 after seven years of trying. That did get some in depth coverage, but the undertone was complacent. The Eurozone alone contains 320 million people. The broader European Union (EU) has about 510 million people. The EU internal market is one of the economic giants. The European press is contending that Europe can stand alone.

In The Offices In Brussels And Moscow:

In fact, Europe can't stand alone, and the Europeans know it. As reported in recent Privateers, Russia and the EU are engaged in detailed talks involving the strategic and geo- strategic balance in Europe and everything else on the economic front - from property rights and the right to make any kind of investments in each other's territories up to (perhaps) making the Ruble a reserve currency in its own right and a partner currency to the Euro itself. Here, the Europeans want a grand deal with Russia and the Russians too want it with Europe. Politically, it is simply a case for both Russia and the European Union of getting from here to there - "there" being the final treaties.

A Grander Geo-Political Design - From Moscow:

Meet - "EATO"! Russian President Medvedev's plan, announced in Berlin last month and reported upon and analysed in The Privateer, has been and is being covered in the Russian media at full volume. It would redesign Europe's security system from the bottom up. This time, Russia would participate as an equal partner and a co-founder of the new bloc. Russian foreign policy experts are dubbing the new concept "EATO" (Euro-Atlantic Treaty Organisation). Clearly, this grouping would replace NATO.

Note here that the US has not (repeat - NOT) been excluded by Russia. Instead, Russia is aiming at making the United States one of the three legs on this vast geo-political design. But the price the US will have to pay is that NATO is disassembled - just like the Warsaw Pact was more than a decade ago.

Russian President Medvedev has repeatedly said that one of the main aims of his Presidency will be to establish a strategic partnership with the European Union that could be the mainstay of: "A Big Europe without dividing lines. The existing architecture is in crisis, and it isn't working. We need a new design, with an emphasis on security for all countries in Europe." Europe and Russia are now working on this.

In Washington, there have been no expressions of even a passing interest in any of this. In fact, the US is not involved even as observers! But Washington knows that disassembling NATO ends the US Empire.

AUSTRALIAN REPORT

WAIT FOR THE OFFICIAL SIGNAL - THEN PANIC

In the face of the debacle in Australia's main banks, the Rudd Labor government has already panicked. It has sent its Treasurer, Mr Swan, out to tell everybody else not to (panic, that is)! The Rudd government is now counselling against a panic as massive billion dollar write-downs by Australia's leading banks raise fears about the safety of Aussies' savings and investments. Australia's five biggest banks have now lost a combined A $29.1 Billion of market value after National Australia Bank (NAB) and Australia & New Zealand Banking Group Ltd. (ANZ) unveiled their bad loan provisions. ANZ raised its provisions for the 2008 financial year by a further $A 1.2 Billion, taking the total write-off to more than $A 2.1 Billion. Earlier, NAB made a provision for as much as 90 percent of the value of its portfolio of CDOs which were derived from US mortgages and rated AAA. That ignited the storm.

The NAB had earlier announced $A 181 million in losses. It has now increased this by $A 830 million to $A 1.011 Billion. One can hardly wait for the rest of the "big five" Aussie banks to report their positions.

A Spreading Contagion:

Worse is coming. New data now shows that superannuation funds have turned in their biggest losses since superannuation became compulsory in 1992. Business confidence has fallen to its lowest level since the 1991 recession. The latest figures show $A 60 Billion has been lost from all balanced funds.

Balanced funds make up about 90 per cent of Australian superfund investments. Now, here come reports that Australia's property market is cratering. Australian Property Monitors have found sharp price reversals across the land. It is now predicting a 10 per cent fall in house and unit prices this year with prices in all the capital cities softening in the June quarter. First the banks - then super - now houses.

Retail Is Being Routed:

Aussie retail sales have fallen for the second quarter, marking the first consecutive decline since 1996. Quarterly nationwide retail sales volume (inflation taken out) fell to negative 0.6 percent from negative 0.1 percent in the previous quarter, the Australian Bureau of Statistics reports.

A Stress Test Of The National Paycheque:

The number of Australians who spend more than half of their income repaying their mortgages has more than doubled the past year, the Australian Financial Review reported. Twenty- five percent of people with mortgages use more than half their income on payments. That is known as "mortgage stress". The figure was 12 percent a year ago. There are now about 837,000 households experiencing some form of mortgage stress, up from 784,000 in May. With house prices starting to fall across the nation, there will be many Australians tempted to walk away from their houses, handing the banks the keys.

Where The Australian Economy Is NOW:

As far as the FACTS are concerned, the Aussie economy is imploding. But what truly matters on a larger scale is Australia's situation internationally. Australia is rolling out an annual current account deficit of 6.2 percent of GDP despite having the best terms of trade since the end of WW II. Such an external deficit has to be funded from offshore - Australia must borrow the money internationally. What happens when foreign lenders refuse to lend more money? The doors for getting more international loans are starting to close. The NAB had to cut a planned $A 850 million bond sale by two-thirds after its credit market losses. International investors "elected not to proceed". The Aussie Dollar will crash if foreign creditors take this one step further and show up asking for their money back.

THE GLOBAL MARKET REPORT

THE CREDIT CRISIS - A YEAR OLDER

"On Monday, August 6, the 'word' spread across Wall Street like a firestorm. ...The 'word' was that Fannie and Freddie would buy the toxic sludge in mortgages, subprimes, etc. and take it off the banks' books. There is only one very basic economic/financial problem here. In order to do this, both Freddie and Fannie will have to borrow before they can buy the toxic sludge off the books of the US lenders of same. The question is: 'Who will lend Fannie and Freddie the new money with which to do this?'"

(The Privateer - Number 584 - August 12, 2007)

For most of the year since that was written, it was US individuals and financial institutions along with foreign governments and "sovereign wealth funds". Now, the lender of last resort is in fact what it was always presumed to be - the US Treasury - aided and abetted by the Fed, the US central bank.

As we enter the second year of the global "credit crunch", the only immediate "relief" in sight is the coming distraction of the Beijing Olympics which start next Friday (August 8). The day after the Olympics ends, the Democratic convention convenes. Then, on Labor Day, the Republican convention convenes. After that comes the campaign. It is a very safe bet that the chasm between the real state of the US economy and financial system and that portrayed by BOTH Mr Obama and Mr McCain will be at its widest ever. It is an even safer bet that there will be no debate on any item of fundamental economic or financial importance. The disconnect between politics and reality will be all but total.

In short, it will be political business as usual. The facade which has stood between economic reality and public perception in the US has been shaken with each new intensification of the credit crisis over the past year, and with each new "liquidity injection" and/or bailout. We have come a long way in the year between the "glitch in the road" comment made by President Bush in 2007 and the "Housing and Economic Recovery Act of 2008" he signed on July 30, 2008.

The "Concern" For The American Taxpayer:

Treasury Secretary Paulson did not want to wait until the end of July for the passage of this "housing bill". As we reported in our previous issue -

"The major 'sticking point', according to the Democrats who chair the various financial and banking oversight committees, is to include safeguards to 'protect the American taxpayers'."

Please note carefully the term "American taxpayers".

The term is exact, extracted from quotes from prominent Democrat (and Republican) Congressmen and Senators in the lead up to the passage of the bill. One would have thought that "American homeowners" or "American citizens" or just plain "Americans" would have been more "politic" and more appropriate.

The sad fact of the matter is that to those who make up the government, in the US and throughout the world, the citizens of the nation they govern are regarded as little more than "milch cows". One can measure the "concern" of Washington DC with the well-being of their "taxpayers" quite easily. Take a look at the Treasury's debt (and the new "limit" placed on this debt) and remember that ALL of it is underwritten by the ability and willingness of Americans to go on producing wealth and paying taxes.

Washington DC is certainly very concerned indeed about the American "taxpayer". In the final analysis, they have no other source of REAL wealth to draw on. Every rate cut, every new "liquidity injection", every bailout - all of them following one after the other with increasing rapidity as the past year has unfolded - has taken place on the unspoken assumption that there is something of real "value" behind it. When one hears the phrase - "The Full Faith And Credit Of The US (or any other) Government", reflect for a moment. Who underwrites both the "faith" and the "credit"? Only that dwindling proportion of the population of any nation who produce more than they consume. In short, the taxpayer.

SOMEBODY Has To Spend:

Mr Obama contends that the US cannot afford not to. He is promising "major initiatives" on health and energy and education - along with "middle class" tax cuts, of course. Mr McCain agrees on the need for the government to go right on spending, if not on the areas where the spending should occur. He is promising to renew ALL of President Bush's tax cuts which are due to "expire" at the end of 2010. Along with that, of course, Mr McCain promises to maintain and even ramp up the "war on terror" presently taking place in Iraq and Afghanistan. There is no change here. According to both presidential contenders, their function is to spend. The function of the American "taxpayer" is to underwrite it.

The one certainty in all this is that the profligacy of government cannot be "underwritten". When Mr Bush inaugurated his tax cuts in 2001, his government was projecting a budget surplus(!) of $US 1.288 TRILLION over fiscal years 2001-2004. In fact, over that same period, the US Treasury's debt "subject to limit" increased by $US 1.8 TRILLION. "Mistakes" of this magnitude - over $US 3 TRILLION between "projection" and FACT - are not made accidentally.

When Mr Bush was inaugurated in January 2001, the Treasury's debt "subject to limit" stood at $US 5.64 TRILLION and the debt "limit" stood at $US 5.95 TRILLION. The latest figures, as of July 31, 2008, are a debt "subject to limit" of $US 9.52 TRILLION and a debt "limit" of $US 10.615 TRILLION. Those two figures are up 68.8 percent and 78.4 percent respectively.

The difference is that up until last August when the credit crunch hit, ALL facets of the US economy - government, business and consumer - were borrowing and spending up a storm. Today, the only one of the three engines of modern economic "growth" via credit expansion still functioning is the government. The measure of the desperation of the government to perpetuate the credit expansion is the simple fact that they have raised the US Treasury's debt "limit" by $US 1.65 TRILLION in less than a year.

The official "projections" made by the Office of Management and Budget are now pointing to a deficit of more than $US 500 Billion in the fiscal year which starts on October 1, 2008. Remember, this is the same outfit that was projecting an almost $US 2 TRILLION budget surplus during Mr Bush's first term.

A Recipe For Others:

In the days when the International Monetary Fund (IMF) was still a functional entity which carried some clout in the world, it had a standard recipe for nations which it was proposing to bail out after they had got themselves into a financial tangle through profligate borrowing and spending. It was known as the "Washington Consensus" and included a number of items.

Among these standard items were fiscal policy discipline, redirection of public spending from subsidies, tax reform, market determined and positive real interest rates, competitive exchange rates, trade liberalisation, liberalisation of inward foreign direct investment, privatisation of state enterprises and deregulation. As The Privateer pointed out many times during the years when the IMF was enforcing these items, the primary goal was never to get the nation (or nations) back on its feet as an independent entity, it was to safeguard the "investments" of the western banks which had in most cases precipitated the collapse by lending to the governments of the nation in strife.

This "Washington Consensus" has never been applied to Washington (DC) itself. A year into the global credit crunch, the time is getting closer when it will be. This will not happen because the people in Washington and on Wall Street see the error of their ways and resolve to straighten up and "fly right". It will come because there is nothing else they can do. When taxes can be raised no higher and debt paper can no longer be sold either inside or outside the country which issues it, there is nothing else to do but to spend less - MUCH less. The alternative is to face a time when you have to knock ten "ZEROS" off your currency. Zimbabwe just did that, on the same day as Mr Bush was signing the "housing bill".

The Approaching Buyers' Strike:

The latest figures on global buying of US government and "agency" debt paper is an advance warning of what is to come. While global buying of US Treasury debt paper was still increasing, global buying of "Agency" (read Fannie and Freddie) paper actually FELL. Now, as analysed in the Global Report, the US Treasury has been set up as a "captive buyer" of this paper. The current Treasury debt limit is about $US 1.1 TRILLION above the current level of Treasury debt "subject to limit". The rest of the world combined holds about $US 1 TRILLION of Fannie and Freddie's paper.

For many decades now, the unwritten rule enforced by Washington and abided by all over the world has been that nobody does anything to "rock the boat" while the US is in the throes of an election, especially a Presidential election and "extra especially" a Presidential election in which the incumbent is not participating. That may (we repeat - MAY) hold up this time around. If it does, then any concerted "buyers' strike" of US Dollar denominated paper may hold off for most of the rest of this year. If it doesn't, such an event could happen at any time from now on.

Recent Events:

On US stock markets, the Dow confirmed a bear market a month ago on July 2 when it closed more than 20 percent below the high it set back in October 2007. So far, the US stock markets have not deteriorated further. There was one close below the 11000 level on the Dow in the middle of last month but the US markets were then resuscitated by the hoopla leading up to Mr Bush signing the housing bill.

The big news on global markets over the past week is the HUGE correction in global commodities prices. The oil price, for example, fell almost 16 percent over the last two weeks of July. Over July as a whole, the Commodity Research Bureau (CRB) index had its biggest monthly fall for 28 years, since March 1980. The initial "flight into real goods" is being overwhelmed by the deflationary pressure of ever accelerating debt write-downs. The REAL flight into real goods - and into real MONEY - is yet to begin.

Gold:

For MUCH more on Gold - please see Gold This Week (GTW):
http://www.the-privateer.com/subs/goldcomm/gold.html

What's Next?:

With the breakdown of the WTO talks in Geneva on July 29, yet another attempt (this one seven years in the making) to at least give lip service to the concept of "free trade" has come to nothing. The last thing that the world needs now, on top of the credit crisis, is an outbreak of "trade wars".

The Beijing Olympics begins on August 8 and runs until August 24. This is China's great global showcase and has been anticipated for years. One can be sure that there will be nothing done by the Chinese government during this period to roil global financial waters. After August 24, that changes.

The SEC in the US has extended their recently announced rules banning "naked short" sales of Fannie and Freddie and seventeen other "too big to fail" US financial stocks until August 12. But, they have also stated that they are NOT going to extend their ruling beyond that date.

Europe, as it always is at this time of year, is on "vacation". In the US, Washington DC is bracing itself for either the next "regulatory emergency" or the start of the Presidential campaign in earnest - whichever comes first. The kickoff for the Democratic convention is August 25 - the day after the Olympics ends.

A few financial items (ptbb - PLEASE!)

Treasury secretary to urge new Fed powers

Proposal would give central bank clear authority to police Wall Street

by Neil Irwin

updated 11:09 p.m. ET, Wed., June. 18, 2008

Treasury Secretary Henry M. Paulson Jr. plans to call today for the Federal Reserve to be given new, explicit powers to intervene in the workings of Wall Street firms to protect the financial system, adapting his vision of how the financial world should be regulated to reflect the lessons of the collapse of Bear Stearns.

"Our nation has come to expect the Federal Reserve to step in to avert events that pose unacceptable systemic risk," Paulson plans to say in a speech today, according to prepared remarks obtained by The Washington Post. But the central bank "has neither the clear statutory authority nor the mandate to anticipate and deal with risks across our entire financial system."

"We should quickly consider how to appropriately give the Fed the authority to access necessary information from highly complex financial institutions and the responsibility to intervene in order to protect the system," Paulson plans to say, "so they can carry out the role our nation has come to expect."

Over the course of a few days in March, the central bank took unprecedented steps, with Paulson's support, to keep the rapid dissolution of Bear Stearns from causing an international financial catastrophe. The Fed provided financial backing for the acquisition of the investment bank by J.P. Morgan Chase and made emergency loans available to all major investment firms.

Those steps upended decades of precedent for how the financial sector was regulated. They also prompted a broad rethinking of how the government should try to prevent the actions of an individual firm from endangering everyone. Top officials are now, after several months, presenting their thoughts on what should come next; New York Fed President Timothy F. Geithner did so last week, for example, and Federal Deposit Insurance Corp. Chairman Sheila C. Bair did the same in a speech yesterday.

Any new formal regulatory powers for the Fed would have to be passed by Congress.

Builds on previous proposal
Paulson's recommendations go beyond those contained in a blueprint for financial regulation that he unveiled shortly after the Bear Stearns rescue. That document, which had been in the works for more than a year, proposed an enhanced role for the Fed in preempting financial crises but offered few details. Today's speech will elaborate, calling for the Fed to be given explicit power to step in whenever a firm poses risks to the system and the authority to demand information from financial institutions so it can better anticipate emerging threats.

Paulson's argument, which is shared by leaders of the Fed, is that even when the emergency Fed lending program for investment banks goes away -- it is scheduled to expire in September, though the central bank could choose to extend it -- financial players will assume they would be bailed out again in a crisis. That means they may be more willing to take risks that could threaten the financial system and thus require greater policing.

"We must limit the perception that some institutions are either too big to fail or too interconnected to fail," Paulson is to say. "If we are to do that credibly, we must address the reality that some are."

In many ways, Paulson's comments echo those by Geithner last week. For example, in today's speech, Paulson is to urge that the trading of financial products called over-the-counter derivatives be standardized. That has been a longtime goal of Geithner's.

Click for related content

Credit crunch could end up costing $1 trillion Almost one-third of CEOs forecast job cuts

Supervision would change hands
Though Paulson and Geithner have collaborated in addressing the financial crisis of the past 10 months, the Treasury Department and the Fed still have some disagreements. Paulson, for instance, would move the Fed's day-to-day supervision of commercial banks to a different regulator in the name of simplification.

Fed leaders counter that their day-to-day regulation of banks gives them important insight into risks to the broader system. Indeed, they argue that the British regulatory system, which does separate the two roles, was a major reason for the run on the British bank Northern Rock last year that contributed to the financial crisis.

Bair, the chairman of the FDIC, made that point in her speech yesterday to the Exchequer Club of Washington. Her agency is responsible only for deposit insurance at regular, commercial banks, but she advocated a new system to handle the dissolution of any investment banks.

"I believe we need a special receivership process for investment banks that is outside the bankruptcy process, just as it is for commercial banks and thrifts," Bair said. "The bankruptcy process focuses on protecting creditors. When the public interest is at stake, as it would be here, we need a process to protect it."

More from msnbc.com Video: Missouri family packs up to flee floods Who's afraid of the flood? Not Mark Twain's town

© 2008 The Washington Post Company

Morgan Stanley warns of 'catastrophic event' as ECB fights Federal Reserve

By Ambrose Evans-Pritchard, International Business Editor
Last Updated: 1:29am BST 17/06/2008

The clash between the European Central Bank and the US Federal Reserve over monetary strategy is causing serious strains in the global financial system and could lead to a replay of Europe's exchange rate crisis in the 1990s, a team of bankers has warned.

"We see striking similarities between the transatlantic tensions that built up in the early 1990s and those that are accumulating again today. The outcome of the 1992 deadlock was a major currency crisis and a recession in Europe," said a report by Morgan Stanley's European experts.

ECB President Jean-Claude Trichet has signalled that interest rates in Europe will rise
Jean-Claude Trichet is taking a hard line on rates

Just as then, Washington has slashed rates to bail out the banks and prevent an economic hard-landing, while Frankfurt has stuck to its hawkish line - ignoring angry protests from politicians and squeals of pain from Europe's export industry.

Indeed, the ECB has let the de facto interest rate - Euribor - rise by over 100 basis points since the credit crisis began.

Just as then, the dollar has plummeted far enough to cause worldwide alarm. In August 1992 it fell to 1.35 against the Deutsche Mark: this time it has fallen even further to the equivalent of 1.25. It is potentially worse for Europe this time because the yen and yuan have also fallen to near record lows. So has sterling.

RodriqueTrenblay on the new American empire's fiscal problems (MUST READ)

Friday, May 16, 2008

In a Casino Mentality, The Economy Goes From Bubble to Bubble

by Rodrigue Tremblay

[U.S.] "strategy should aim, above all, at the removal of Saddam Hussein’s regime from power."...[His removal is absolutely vital to] "the security of the world in the first part of the 21st century" and for "the safety of American troops in the region, of our friends and allies like Israel and the moderate Arab states, and a significant portion of the world's supply of oil."

Neocons' January 26, 1998 letter to President Bill Clinton

[About the Iraqis] “If they turn on their radars we're going to blow up their goddamn missiles. They know we own their country. We own their airspace... We dictate the way they live and talk. And that's what's great about America right now. It's a good thing, especially when there's a lot of oil out there we need.”

U.S. Air Force Brig. General William Looney, head of the US-UK flying operation south of the 32nd parallel over Iraq (no-fly zones), interview reproduced in the Washington Post, August 30 1999, [quoted in William Blum's book, Rogue State, Common Courage Press, 2005, p. 159]

"Focus your operations on the oil, especially in Iraq and in the Gulf, as this would mean [the West's] death."

Osama bin Laden, December 2004

"The high crude oil prices do not have any relation to production or consumption,"... [It is] "because of the decrease in the value of the dollar."

Mahmoud Ahmadinejad, Iran President, April 2008

The American economy seems to be going from bubble to bubble: in 2000, it was the tech bubble; in 2005, it was the housing bubble; and now, it is the oil and commodities bubble. In fact, the entire world of investment is now a giant casino where speculators are in charge and where governments look the other way. For many basic marketable staples (rice, wheat, and corn) and commodities (oil, gas, metals), prices have no relation to the underlying values of what is being traded. Such prices are mostly driven by bad policies and by the pyramidal “greatest fool” technique by which large off-shore speculators navigate through unregulated derivatives to push prices up ever further, until the bubble burst. Meanwhile, a lot of disruptions may be created and people's lives may have been endangered or lost. The current famine in many countries is the end result of such government approved manipulation of markets, by OPEC and a host of other cartels and so-called speculative hedge funds.

Is it possible for an economy to grow and prosper without always being on a roller coaster? Indeed, does the current explosion in oil and commodities prices reflect real supply and demand shifts, such as supply disruptions, or is it also or even mainly driven by geopolitical factors and financial speculation that fuel an ever larger insatiable artificial demand?

It is my feeling that the plummetting U.S. dollar is having serious unintended economic consequences worldwide. Indeed, such a panic devaluation of the most widely used key currency is fueling a major rush out of dollar holdings into hard assets, such as oil, gold and other commodities. Central banks, companies and individuals are losing faith in the dollar paper currency, which has been depreciating fast against other currencies, but whose intrinsic value is also expected to be eroded further by the coming inflation that will inevitably follow the Fed's current liquidity creation. All these problems are interconnected.

Let us remember that the oil problem in the U.S. is largely a self-inflicted predicament since the U.S. government opted to move away from a self-sufficiency and a renewable-energy based economy. In 1982, for example, the U.S. daily consumption of oil had been brought down to about 9 million barrels a day, from 14 million barrels a day before the 1973 OPEC-initiated oil shock. Since the U.S. was producing about 9 million barrels of oil a day, it can be said the American economy was then self-sufficient in that form of energy needs. The Reagan administration changed all that: No more 55 an hour driving limits; reduced obligations for car manufacturers to raise gas mileage; no more restrictions, fiscal or otherwise, on the purchase of gas guzzlers, etc. The result is that the United States, with less than five percent of the world population, now consumes 25 percent of the daily world oil output, roughly 22 million barrels a day out of about 88 million barrels produced daily worldwide. And, here's the gist, 60 percent of that oil has to be imported. What's more, for the world as a whole, also 60 percent of oil imports come from the unstable Middle East. That's what we can call playing with fire!

Therefore, since oil access under American control played an important part in the Bush-Cheney's decision to launch an unprovoked war against Iraq in the spring of 2003, in order to turn that sovereign country into an American oil protectorate under management by a few major Anglo-American oil companies, it can said that the seeds for this illegal war were sown way back, during the Republican Reagan administration. That was when the philosophy of deregulation was rampant and was then hailed as a success. But, as a consequence, twenty-five precious years have been lost in preparing the U.S. economy for the time when oil would become a scarce energy source. Now, this time has arrived, but this is still the era of Hummer type vehicles that can only run on large quantities of costly and risky imported oil.

Indeed, in the U.S., there are now three cars for four adults and those cars are larger and have more powerful engines than anywhere else in the world. If only a few countries, such as China and India, were to emulate the United State in that regard, as their income levels rise, world oil consumption would more than double. But with no known oil reserves to meet such an expanded demand, oil prices would skyrocket, crushing the purchasing power of consumers and raising inflation. The result would be a major worldwide economic crisis before economically viable alternative energy sources could be developed. This could take ten to twenty years.

Are we there now? If not, we are moving fast toward that day of reckoning, while do-nothing or complicit governments hope for a miracle or some magic solution. The main consequences will be rising inflation, 19th century wars for securing resources, and a worldwide economic slowdown in production and trade. The next twenty years should prove to be interesting for a few, but taxing for the many.

Rodrigue Tremblay is professor emeritus of economics at the University of Montreal and can be reached at rodrigue.tremblay@yahoo.com

He is the author of the book 'The New American Empire'

Visit his blog site at: www.thenewamericanempire.com/blog.

Author's Website: www.thenewamericanempire.com/

Check Dr. Tremblay's coming book "The Code for Global Ethics" at: www.TheCodeForGlobalEthics.com/

Posted, Thursday, May 16, 2008, at 5:30 am

Email to a friend:

http://www.TheNewAmericanEmpire.com/tremblay=1087

Send contact, comments or commercial reproduction requests (in English or in French) to:

bigpictureworld@yahoo.com

N.B.: Messages may be published in our weblog, unless you request otherwise.

Please register to receive free emails on new postings of articles.

Send an email with the word "subscribe" to: bigpictureworld@yahoo.com

To "unsubscribe", write the word "unsubscribe" and send it to: bigpictureworld@yahoo.com

Disclaimer: All quotes enclosed in this article are believed to be accurately attributed, but no guarantee is made, even after a thorough check, that some error cannot be found.

Very very important article below!!

The Method to Bush’s Madness in Overthrowing Venezuela

By Investigative Journalist

[editor, Virginia's, not]: Still reading this blog? Well, if you are keeping praying for me!!
Because WHEN, not IF, martial law is declared, I will be one of the first into the camps!! For absolutely definitely for SURE. And if I disappear, only ceasation of publishing the blog will tip anyone off at all. For me, life is absolutely and definitively, a minute by minute event . . .. I just try to keep my freedom on a day by day basis. As I can't even stand up to make armaments, what THEN?? I am just a very very smart "useless eater', obviously.}

11/29/07 "ICH" -- -- Have George w. Bush and the entire U.S. Government gone insane, are they just totally incompetent or worse, is there a method to the madness which is just part of the most ingenious evil plan ever devised?

Note: Our last article linked below described how the US might invade Venezuela and the scenario assumes this happens before they bomb Iran. This articles assumes the Venezuela take over happens later.

In each article I have read in the past few years concerning all the insane things happening worldwide one thing comes to my attention more than anything else, that each article is focused on one particular event and in most cases is written by journalist with a certain expertise in one particular area and in every article the reader is left with knowledge of only 4 of the 5 questions which reporters are supposed to know. Who, What, When and Where of every event is usually reported in detail by the mainstream media (MSM) as well as the Independent media. The most important question is never answered...WHY. This article will attempt to explain why all the unexplainable things are happening around the world.

I have laid awake many a night wondering why world leaders like Bush and the Washington gang are making themselves look like fools, lunatics and incompetent buffoons but in the back of my mind I always believed they had to be smarter than they appear to be so I dedicated myself to figuring this all out. I simply had to know the truth.

Prior to the world trade center attack on 9-11-2001 I had been a political reporter for over 10 years, mostly in Venezuela and the US, specializing in corruption so I already knew that politicians are corrupt but never knew them to be either insane or incompetent or just plain stupid. I also knew the government controls the people through the official reports in the mainstream media but never imagined how far this could go in the name of National Security and preserving American interest. (
http://thedoctorwithin.com/index_fr.php?page=articles/doors_of_perception.php )
WHY AMERICANS WILL BELIEVE ALMOST ANYTHING

Over 10 years experience investigating high level government corruption plus 6 years of research, careful study, investigations and analysis have led me to the conclusions which you are about to read in the following paragraphs.

The world is about to undergo some drastic changes due to a hand full of evil, greedy, corrupt people fighting for world domination. The majority of the people in the world do not have any idea what is happening but a few do know and are trying or hoping to stop them. The final outcome for better or worse will depend on how many people become aware of the developing disaster and who puts forth the most effort, the good guys or bad guys. It really is that simple.

When I first heard of the 911 attacks I virtually glued myself to the TV news to see what was going on and what would be next. At first I was shocked but as days passed and new information was coming in it became clear to me that something was terribly wrong with the entire scenario and official government reports. You could call it a reporter’s intuition, gut feeling or plain old common sense but whatever it was I was not the only person who knew something was not right.

In the weeks that followed it was apparent that the U.S. government and MSM were trying to convince me and the world that 19 illegal aliens from the deserts of the Middle East used false documents to enter the U.S., learned to fly airplanes in American flight schools in the Florida Keys using single engine piper cub aircraft then simultaneously hijacked 4 American jumbo jet passenger planes full of people from the most secure airports in the world, took control of the planes in flight using only box cutters and then flew the planes around in restricted airspace for almost 2 hours with no concern from anyone and with the precision flying and navigational skills of veteran air-force pilots flew them into their intended targets, the world trade centers and the Pentagon. Then if the insult to my intelligence was not bad enough they wanted me to believe some guy named OSAMA BIN LADEN, a Saudi billionaire who lives in a cave in Afghanistan, planned it all. http://news.bbc.co.uk/2/hi/world/middle_east/1559151.stm
Hijack 'suspects' alive and well

Just days before 911 if you did a search on any web search engine like Yahoo search and looked for ‘’Conspiracy theory’’, you would get about 36,000 results or web sites devoted to exposing some form of government conspiracy. If you do the same search now you will get around 16,000,000 results. There has to be a good reason for the increase and this US administration, the events of 911 and all events since then are the reason. The conspiracy theorist insist and have for the most part proven, thru scientific forensic analysis, eyewitness reports, whistle blowers, government documents, etc that 911 was an inside job, orchestrated by the present U.S. Administration as a pretext for starting the war in Iraq and Afghanistan which will ultimately lead to a regional Middle East war where all nations are involved. http://www.afterdowningstreet.org/?q=node/27683
"Seven countries in five years"


Why am I talking about 911 in an article covering Venezuela? Because 911 was the beginning of the end for Venezuela and you need to know the background events before you can understand what this is all about and why Venezuela is the key to the biggest conspiracy in the history of the world. You also need to understand exactly how dangerous these people are and the lengths they will go to for the sake of preserving U.S. Interest and National security. ( http://www.globalresearch.ca/index.php?context=newsHighlights&newsId=18
Bush threatens to attack Iran with nuclear weapons...All links to Bush threats )


Let us go back even further, to about 90 years ago when the U.S. Government first realized that oil was the most valuable resource on the planet. With the industrial age in full swing and everything running on or made from oil, the U.S. was searching worldwide for more sources. Plenty of oil had already been discovered in America, the Atlantic basin and close to America’s doorstep which America claimed and hoarded. It was in or around 1928 when Venezuela became the worlds leading oil supplier but the problem was that the British were in control of it. US President Woodrow Wilson managed to evict the British from Venezuela and put American oil companies in charge. This involved a US led coup and regime change which placed a vicious and corrupt dictator in charge that was fully backed by the US and agreed to throw the Brits out. US oil companies aided by corrupt government officials in Venezuela and the US have robbed the Venezuelan people of unimaginable amounts of money since those days thru the backing of every corrupt Venezuelan leader up to the election of President Hugo Chavez in 1998.

It all began with ”Wilsonian Idealism,” which was actually what we know today as the free trade agreement but in Wilson’s days it was called an ’’OPEN DOOR POLICY’’. The open door policy worked just as the free trade policy works now, which is to open the door when the US sees a possibility of acquiring assets valuable to the US economy and then closing the door once they are in US possession or control.

In every case, as has been observed in the US invasion of over 70 sovereign nations in the past 90 years, there are a few individuals who are willing to join the US in raping their own country and those individuals are the ones placed in political and military control. Then there are the majority of citizens who oppose a US takeover. Those are the ones called ``REVOLUTIONARIES`` ``INSURGENTS`` ``TERRORIST`` and unfortunately they are the ones who are captured, imprisoned for life, tortured, used for experimentation and eventually KILLED.

History has proven that when a 3rd world leader refuses to sign US free trade and other proposals, allowing the US to trade peanuts for oil and other valuable natural resources, the results are always coups, revolutions and a regime change backed by the US. US policy is to keep what it has, and take what it might need in the future, and if taking by force is necessary, so be it. This has been the policy and the pattern for over 90 years. http://www.democracynow.org/article.pl?sid=07/04/16/1338223

According to US banking officials, in the 6 months prior to Chavez winning the elections, which was expected by the opposition, more money from Venezuela’s corrupt elite was deposited in US banks than was left in the Venezuelan treasury. One study on the Venezuelan economy by a German university [reference?] concluded that if corruption were to stop in Venezuela and the opposition and US were to leave President Chavez to working on domestic issues, all of Venezuelans foreign debt could be paid off in one year and every family could be given a nice home, car and food which would last them a lifetime without working at all. This could be done with the sale of natural resources alone in only one year. Something worth fighting for, right?

NOTE: Due to US meddling in Venezuelan domestic policies it has taken President Chavez 8 years to pay off all of the Venezuelan debt, which was held by the International Monetary Fund, (WORLD BANK) which is actually the US Treasury. Venezuela is now free from the IMF and US controls and is helping many other Latin American countries pay off their debt and become free of Imperial capitalist control. This is of course being portrayed by US officials as destabilizing Latin America, radicalism, communism, un-democratic and is a serious threat to US interest and National Security. In reality, when anything is a threat to American interest it is helping the remainder of the world and the US is not going to allow that.

The US government did not stop with the regime change in Venezuela as is evident in documented cases of huge oil reserves being found in Africa also where the US caused more bloody revolutions, regime change, and genocide to secure the oil for America. Indonesia was not spared a large dose of American greed either. President Sukarno was ousted by a US/CIA led coup in 1965 which the American newspapers called “A STAGGERING MASS SLAUGHTER.”

(A CIA study of the events in Indonesia assessed that "In terms of the numbers killed the anti-PKI massacres in Indonesia rank as one of the worst mass murders of the 20Th century…")

It must also be noted that, in addition to the CIA, British and Australian intelligence were well aware of events as they transpired.

Time Magazine presented the following account on December 17, 1966 : "Communists, red sympathizers and their families are being massacred by the thousands. Backlands army units are reported to have executed thousands of communists after interrogation in remote jails. Armed with wide-bladed knives called parangs, Moslem bands crept at night into the homes of communists, killing entire families and burying their bodies in shallow graves."

"The murder campaign became so brazen in parts of rural East Java, that Moslem bands placed the heads of victims on poles and paraded them through villages. The killings have been on such a scale that the disposal of the corpses has created a serious sanitation problem in East Java and Northern Sumatra where the humid air bears the reek of decaying flesh. Travelers from those areas tell of small rivers and streams that have been literally clogged with bodies."

Keep in mind that the US now controls all the oil from those regions as well as Canada, Alaska, and Iraq, Saudi Arabia and various other Mid East countries.

Now it is time to secure oil from Iran, which holds the second largest supply in the Mid East. Iran also controls the ”Strait of Hormuz,” which is the vital shipping route for all oil from the Mid East to the world. There are strategic problems involved with attacking Iran which I have already outlined in my last article at http://www.venezuelanalysis.com/articles.php?artno=2083
Please read it for a full understanding of what is going to happen and why. Then continue with this article.

CONTINUED: Now that you know a few reasons why Venezuela is so important to the future of the U.S., lets take a closer look at why the U.S. is amassing incredible debt, (Over 54 trillion dollars, which can never be repaid http://www.cnsnews.com/ViewNation.asp?Page=/Nation/archive/200711/NAT20071108b.html
Federal Liabilities Now Equal $175,000 for Every American

), creating the North American Union (the US , Canada, and Mexico are to become one country soon http://www.globalresearch.ca/index.php?context=va&aid=7306
Dollar Crisis: None dare call it 'conspiracy'
), complete with newly printed Amero Dollars, circumventing the U.S. constitution with new laws which have given President Bush dictatorial powers (which will be invoked when needed), ignoring the Geneva Convention Rules, pushing for amnesty for illegal aliens, creating a military police state, eliminating personal freedoms and privacy, ignoring Supreme Court decisions, invoking Executive Privilege when confronted, caught, or subpoenaed, building over 700 secret prison camps and completely destroying its image and sowing seeds of hatred worldwide. And the U.S. administration, led by George W. Bush, Dick Cheney, and an extremely dangerous group of others are not one bit concerned or worried. The big question everyone should be asking about all of this, as I have been doing for years, is WHY??? ( Remember when Vice President Cheney said “The U.S. deficit and world debt is unimportant.” Keep reading to understand WHY. http://www.cnn.com/2006/POLITICS/02/14/morton.deficit/index.html?iref=newssearch
Cheney says deficits don`t matter, CNN

There are a host of things which analysts from every sector agree on. The US is in Iraq and will be there for decades. The attack on Iran complete with regime change is absolutely necessary for the U.S. to remain world Superpower. This war with Iran can not and will not be won without the use of Nuclear Weapons. Using nukes on Iran will cause a regional war in the entire Middle East which could last for decades. This will cause the current U.S. economy to collapse, causing a violent civil war and revolution (people against people and against the government) within the US. The prison camps will be filled to capacity with the poor and middle class who disagree with the government and ironically those who fight the system of military police state will be forced to work in military complexes building more bombs and weapons for their elected leaders to use for their protection from the ‘’Terrorists’’ who were created by the US government.

The economic collapse will encapsulate the entire planet with the most severe consequences being in First World industrialized countries effectively paralyzing and preventing any country from even considering a military strike or confrontation with the U.S. Attacking the U.S. is a suicide mission and any country capable of inflicting major damage is smart enough to know they have no possibility of winning and will not attempt it. World War 3 is highly unlikely, (BUT NOT IMPOSSIBLE), and the US is betting on this. So what will be the outcome?

The U.S. today controls almost all the oil on the planet, who gets it, how much they get, how much they pay for it and what currency is used to buy it, with the exception of Iran and Venezuela. Creating the Middle East regional war will put the U.S. in control of that entire area, including Iran, but they must accept an economic collapse to do so. Of course all other countries will also be in a state of collapse, with civil wars, revolutions, etc., but since the US has planned this from the beginning decades ago, it will be the only nation able to cope with the circumstances because they know in advance what will happen and when.

With the coming of the global economic collapse most First World and some Third World countries will not only be involved with their own problems of civil wars and revolutions inside their countries, but most areas will erupt into regional war for control of needed resources, even Europe. The corrupt leaders of stronger countries will see this not only as a fight for survival but an opportunity to conquer neighboring lands as they had always wanted. How does the U.S. emerge from this global war as victorious and where does Venezuela fit into the Empire’s evil plans?

This entire scenario of war and economic collapse globally is designed to coincide exactly with the planned implementation of the “North American Union,” ( http://www.infowars.com/articles/nwo/nau_globalists_to_formally_propose_us_canada_mexico_merger.htm
Globalists To Formally Propose Merger Of U.S., Canada, Mexico North American Union), which is scheduled to take place in 2008. Most important is the timing as it is critical that this all happens before the 2008 Presidential elections in the U.S. With the new laws which President Bush has just put into effect it is possible for him to take complete control of the U.S. government, on a federal, state, and local level, invoke martial law, cancel elections and become the first U.S. dictator in the event of any national emergency. ( http://onlinejournal.com/artman/publish/article_2255.shtml
Will Bush cancel the 2008 election?)
If there is a funny part to all of this it has to be that the poor idiots who are just as corrupt as the present administration, who are running for President in 2008, are wasting their time…There will not be another election in the US. If anyone thinks the Bush-Cheney group have gone to this much trouble in the past 8 years just to let some new bunch of crooks come in and reverse all their hard work, they are living in a dream. (Special note: In the event that Bush, Cheney or any other public official leaves office for any reason, nothing will change and the wars will continue...It has been planned and nothing can stop it.)

Now, the world is at war, Bush is at the helm, what next? How does the U.S. survive? Implementing the North American Union strengthens US forces militarily and economically. The U.S. dollar has collapsed and all countries holding U.S. debt have lost trillions which reinforces the global collapse in Russia, China, etc. This also relieves the U.S. of all prior debt. This plan is just as effective as someone declaring bankruptcy to eliminate their debt. (Naturally, this U.S. bankruptcy will be blamed on “terrorists,” which will justify even more wars in the future.)

China has since the end of the cold war with Russia become the only real threat to US supremacy and the US has always known this. All along China has been quietly and covertly planning to first kill the U.S. economically by enticing American corporations to move their operations to China which the Chinese believed was hurting the American economy and this is true to an extent but was all part of the US plan. China was well aware of American Greed and played this to their advantage for over 40 years but U.S. politicians and think tanks were aware of China’s plan. Everyone has always wondered why US politicians did not stand up and make laws forbidding outsourcing most American jobs. Simply because this was not in US interest in the long run. US politicians made billions on this in the process also from payments by China lobby groups and Chinese companies. (It was a trap for china and has worked perfectly.) What the politicians did do is force China to buy trillions of dollars in U.S. treasuries and other now worthless securities to assure the Chinese got the contracts from the big corporations which they thought was slowly crippling the U.S. economy. Banks and financial institutions in England and the U.S. are collapsing as I am writing this and other countries will follow soon because the U.S. allowed the sale of Billions of dollars of securities which were thought by foreign banks to be AAA rated and government guaranteed, but now are worthless. Many more European banks are set to start failing within a few months who all are holding these worthless us investments. Brazil, India, and other countries have also enjoyed the benefits of our greedy outsourcing but that will soon come to an abrupt end and when the dust has settled from the imminent collapse everything will say made in the North American Union. All industry will return from overseas and the U.S. will have plenty of Mexicans willing to do the cheap labor just as the Chinese, Indians, Brazilians, and others are doing now. Imports will be almost non-existent and U.S. exports will once again support the country. (Is the Bush administration pushing for amnesty for illegal aliens starting to make sense now?) The US will soon need those cheap laborers!

NOTE: Illegal aliens and the poor and middle class Americans who are willing to work as slave labor for corporate America will be allowed a certain amount of freedom, but those who rebel and revolt or even dare to criticize the government will find new homes in one of the FEMA ran prison camps and will be working in the military industrial complexes building more weapons or forced to join the military and fight the U.S. wars.

The Amero dollar is born. The U.S. economy is virtually the only economy anywhere, ( just as it was after WW2 when the US Dollar became the world currency), and the US has sufficient oil for itself, which it has been controlling and hoarding for decades but wait, the rest of the world is begging for oil now and the U.S. only has enough for itself so what is the solution?

Venezuela has plenty of oil but Chavez is hoarding it or giving it away to enemies of the US. Chavez is now deemed a “Terrorist” and must be eliminated for the betterment of the New World Order. The fact that the U.S. now has more military stationed in Brazil, Colombia, Paraguay, and other Latin American countries surrounding Venezuela than all the Latin American countries federal agencies combined is no surprise. Curacao is now reported to be a major US military base with missiles pointed at Venezuela. There are also around 4,000 CIA operatives reportedly working inside Venezuela organizing the opposition to President Chavez and are working on causing Zulia state, the oil producing area, to secede from Venezuela, possibly to be taken over by Colombia or operate as an independent Nation [again?] with a leader who is controlled by the U.S.

When the U.S. has successfully eliminated all competition for world dominance and the world once again depends on the U.S. it will be very easy to garner support from all countries to secure the Venezuelan oil, eliminate a Terrorist Dictator and bring freedom and democracy to all of Latin America, by military intervention, bombing, genocide and whatever means are necessary to protect U.S. interest and National Security. At this point not only U.S. interest will be at stake, but world survival will be the question and with Venezuela holding the oil needed, what will be the consequences for Venezuela?

With America safely in control of all the oil they need but the Middle East oil not flowing due to the regional war there will be a world oil shortage. This is why Venezuela is the key to this entire plan for US world dominance. Once the U.S. is in control of the vast Venezuelan oil fields it will sell to the highest bidders but strictly on American terms. (At this point oil will be at least $300 a barrel, gasoline $25 a gallon, the oil companies, politicians, and world elite will be making all the money and the middle class will be eliminated or reduced to slavery for the rich ruling class. Does this sound like fun?)

(THE KEY: The U.S. dollar has collapsed and is worth only pennies on the newly formed AMERO dollar. Other countries’ currencies are totally worthless, so the only choice any country has is to exchange the old U.S. dollars at maybe 6 cents for the new AMERO dollars, which they will need to buy their oil and U.S. export goods.) Naturally all the countries the U.S. helps to reestablish their economy will have to agree to U.S. military presence, trade agreements, and to become U.S. allies in the never ending ”War On Terror.”

Now for the big question everyone is asking or should be asking. Is it possible to avoid the scenario which I have presented? To tell you the truth, I do not know, but I do know that President Chavez is trying to tell you all, and I mean Americans, Venezuelans, and people from all countries that only two choices exist. Stand and Fight the Empire now or kneel down, accept defeat and live your lives Terrorized by evil, corrupt, rich people forever, just as you have always done.

The fact that world leaders and their people are listening to Chavez is reason enough for the regime change in Venezuela whether by another coup or assassination, but the need for oil will cause a full military invasion.

If you still are having a problem understanding why Chavez is fighting so hard to bring socialism vs. capitalism to Venezuela and risking his own life to fight the Empire, please remember this: The U.S. system of government is based on capitalism which has allowed the 3 richest men in the world to have 3 times more wealth than the 48 poorest Nations on the planet combined, including Latin America and that in those poorest Nations over 30,000 children die of starvation and disease every day. Any of these richest men could solve this problem but in a capitalist system where Greed is a lifestyle, this is not going to happen. Also less than 2% of the people on earth have over 50% of the money on earth while over 50% of the people have less than 1% of the money. 2.5 Billion People on earth live on less than $2 a day.

I am not giving away state secrets in this report. Many people have figured out what is happening, including the world leaders. China, Russia and almost all countries are trying to sell off all U.S. assets but must do it slowly and in a clandestine manner to avoid causing their own economies to collapse prematurely. It has been estimated by top financial analysts that this slow sell off could be accomplished in less than 2 years which would be a disaster for the U.S. ( http://www.freemarketnews.com/WorldNews.asp?nid=49620
Chinese $ Sell-Off Rumors Triggers Concern, Rash of Conspiracy Reports )
The U.S. is well aware of this and is pushing to escalate their own agenda ahead of China, Russia, etc. China and Russia are both putting 100% effort into cyber warfare and military arms buildup but it is too little, too late and when all else is lost they may just be crazy enough to make one final effort and push the nuke buttons. WW3 is possible and could happen any day now. I can not imagine Russia and China being good losers, can you?

A famous U.S. president once said ''Nothing in politics happens by accident''. All the insane things you see the US administration and other countries doing is no accident but is part of the over all plan.

A few Examples: The U.S. did not just recently realize that all these imports from China are dangerous or violate U.S. laws. They have always known this, but by the recent recalls on thousands of products made in China, the U.S. is just letting them know that the U.S. is still in control and can shut Chinese business down at any time by simply enforcing U.S. laws pertaining to product safety, which have always been overlooked but still exist if needed. The recent meeting of Bush with the Dalai Lama is just another way of letting China know who is the boss. Bringing up the 90 year old genocide charges against Turkey was not necessary for any reason except to inflame tensions in the Middle East and bringing ex-president Bhutto back to Pakistan was another step in creating more tensions and problems in the region. The recent bombing of Syria by Israel was another. Threatening to divide Iraq into political sections is of course impossible but inflames tensions which works perfectly into U.S. plans. Leaking out the news about the Blackwater security company killing innocent Iraqi citizens is another example. Blackwater and other mercenaries have been murdering people around the world for years with immunity and without press coverage. The missile defense shield Bush is trying to install on the Russian border to supposedly protect Europe from attack by Iran is absolutely ridiculous and Putin knows it is just another attempt by the U.S. to assert its dominance over Russia. I could give you hundreds more examples but I hope you get the point already. You will probably see many more seemingly insane things happening all around the world, mostly instigated by the U.S., but remember, it is all political, well planned, and not accidental.

Looking at this realistically, the U.S. must execute their plan within less than one year and I would bet they will not cut it that close, probably within six months or less. This is how much time you have to either try to stop it or prepare yourself and your family for a global economic collapse and/or WW3. Personally, I believe preparation is the best choice as what has been planned by world superpowers competing for world supremacy for decades cannot be stopped.

The plan I have outlined was never perfect, has had many setbacks, many detours and many mistakes made in implementing, but overall it is still working and I see no hope that it will be abandoned. It is only a matter of a short time left for the final inevitable showdown by world superpowers and for the U.S. to retain its position as world superpower or become just another 3rd world country... Which would you bet on happening?

Have a nice day, The Corruption Crusaders

For more sources which will verify the truth of this article and the urgency of the situation unfolding please check our blog and our recommended links.

Our motto is: In God we trust...Everyone else gets investigated, Therefore all sites we recommend have been investigated and found to be accurate in reporting the truth even though the truth is sometimes hard to believe.

Contact: www.corruptioncrusaders.blogspot.com

http://www.cnn.com/2006/POLITICS/02/14/morton.deficit/index.html?iref=newssearch
Cheney says deficits don`t matter, CNN

The Method to Bush’s Madness in Overthrowing Venezuela

By Investigative Journalist

11/29/07 "ICH" -- -- Have George w. Bush and the entire U.S. Government gone insane, are they just totally incompetent or worse, is there a method to the madness which is just part of the most ingenious evil plan ever devised?

Note: Our last article linked below described how the US might invade Venezuela and the scenario assumes this happens before they bomb Iran. This articles assumes the Venezuela take over happens later.

In each article I have read in the past few years concerning all the insane things happening worldwide one thing comes to my attention more than anything else, that each article is focused on one particular event and in most cases is written by journalist with a certain expertise in one particular area and in every article the reader is left with knowledge of only 4 of the 5 questions which reporters are supposed to know. Who, What, When and Where of every event is usually reported in detail by the mainstream media (MSM) as well as the Independent media. The most important question is never answered...WHY. This article will attempt to explain why all the unexplainable things are happening around the world.

I have laid awake many a night wondering why world leaders like Bush and the Washington gang are making themselves look like fools, lunatics and incompetent buffoons but in the back of my mind I always believed they had to be smarter than they appear to be so I dedicated myself to figuring this all out. I simply had to know the truth.

Prior to the world trade center attack on 9-11-2001 I had been a political reporter for over 10 years, mostly in Venezuela and the US, specializing in corruption so I already knew that politicians are corrupt but never knew them to be either insane or incompetent or just plain stupid. I also knew the government controls the people through the official reports in the mainstream media but never imagined how far this could go in the name of National Security and preserving American interest. ( http://thedoctorwithin.com/index_fr.php?page=articles/doors_of_perception.php ) WHY AMERICANS WILL BELIEVE ALMOST ANYTHING

Over 10 years experience investigating high level government corruption plus 6 years of research, careful study, investigations and analysis have led me to the conclusions which you are about to read in the following paragraphs.

The world is about to undergo some drastic changes due to a hand full of evil, greedy, corrupt people fighting for world domination. The majority of the people in the world do not have any idea what is happening but a few do know and are trying or hoping to stop them. The final outcome for better or worse will depend on how many people become aware of the developing disaster and who puts forth the most effort, the good guys or bad guys. It really is that simple.

When I first heard of the 911 attacks I virtually glued myself to the TV news to see what was going on and what would be next. At first I was shocked but as days passed and new information was coming in it became clear to me that something was terribly wrong with the entire scenario and official government reports. You could call it a reporter’s intuition, gut feeling or plain old common sense but whatever it was I was not the only person who knew something was not right.

In the weeks that followed it was apparent that the U.S. government and MSM were trying to convince me and the world that 19 illegal aliens from the deserts of the Middle East used false documents to enter the U.S., learned to fly airplanes in American flight schools in the Florida Keys using single engine piper cub aircraft then simultaneously hijacked 4 American jumbo jet passenger planes full of people from the most secure airports in the world, took control of the planes in flight using only box cutters and then flew the planes around in restricted airspace for almost 2 hours with no concern from anyone and with the precision flying and navigational skills of veteran air-force pilots flew them into their intended targets, the world trade centers and the Pentagon. Then if the insult to my intelligence was not bad enough they wanted me to believe some guy named OSAMA BIN LADEN, a Saudi billionaire who lives in a cave in Afghanistan, planned it all. http://news.bbc.co.uk/2/hi/world/middle_east/1559151.stm
Hijack 'suspects' alive and well

Just days before 911 if you did a search on any web search engine like Yahoo search and looked for ‘’Conspiracy theory’’, you would get about 36,000 results or web sites devoted to exposing some form of government conspiracy. If you do the same search now you will get around 16,000,000 results. There has to be a good reason for the increase and this US administration, the events of 911 and all events since then are the reason. The conspiracy theorist insist and have for the most part proven, thru scientific forensic analysis, eyewitness reports, whistle blowers, government documents, etc that 911 was an inside job, orchestrated by the present U.S. Administration as a pretext for starting the war in Iraq and Afghanistan which will ultimately lead to a regional Middle East war where all nations are involved. http://www.afterdowningstreet.org/?q=node/27683
"Seven countries in five years"


Why am I talking about 911 in an article covering Venezuela? Because 911 was the beginning of the end for Venezuela and you need to know the background events before you can understand what this is all about and why Venezuela is the key to the biggest conspiracy in the history of the world. You also need to understand exactly how dangerous these people are and the lengths they will go to for the sake of preserving U.S. Interest and National security. ( http://www.globalresearch.ca/index.php?context=newsHighlights&newsId=18
Bush threatens to attack Iran with nuclear weapons...All links to Bush threats )


Let us go back even further, to about 90 years ago when the U.S. Government first realized that oil was the most valuable resource on the planet. With the industrial age in full swing and everything running on or made from oil, the U.S. was searching worldwide for more sources. Plenty of oil had already been discovered in America, the Atlantic basin and close to America’s doorstep which America claimed and hoarded. It was in or around 1928 when Venezuela became the worlds leading oil supplier but the problem was that the British were in control of it. US President Woodrow Wilson managed to evict the British from Venezuela and put American oil companies in charge. This involved a US led coup and regime change which placed a vicious and corrupt dictator in charge that was fully backed by the US and agreed to throw the Brits out. US oil companies aided by corrupt government officials in Venezuela and the US have robbed the Venezuelan people of unimaginable amounts of money since those days thru the backing of every corrupt Venezuelan leader up to the election of President Hugo Chavez in 1998.

It all began with ”Wilsonian Idealism,” which was actually what we know today as the free trade agreement but in Wilson’s days it was called an ’’OPEN DOOR POLICY’’. The open door policy worked just as the free trade policy works now, which is to open the door when the US sees a possibility of acquiring assets valuable to the US economy and then closing the door once they are in US possession or control.

In every case, as has been observed in the US invasion of over 70 sovereign nations in the past 90 years, there are a few individuals who are willing to join the US in raping their own country and those individuals are the ones placed in political and military control. Then there are the majority of citizens who oppose a US takeover. Those are the ones called ``REVOLUTIONARIES`` ``INSURGENTS`` ``TERRORIST`` and unfortunately they are the ones who are captured, imprisoned for life, tortured, used for experimentation and eventually KILLED.

History has proven that when a 3rd world leader refuses to sign US free trade and other proposals, allowing the US to trade peanuts for oil and other valuable natural resources, the results are always coups, revolutions and a regime change backed by the US. US policy is to keep what it has, and take what it might need in the future, and if taking by force is necessary, so be it. This has been the policy and the pattern for over 90 years. http://www.democracynow.org/article.pl?sid=07/04/16/1338223

According to US banking officials, in the 6 months prior to Chavez winning the elections, which was expected by the opposition, more money from Venezuela’s corrupt elite was deposited in US banks than was left in the Venezuelan treasury. One study on the Venezuelan economy by a German university [reference?] concluded that if corruption were to stop in Venezuela and the opposition and US were to leave President Chavez to working on domestic issues, all of Venezuelans foreign debt could be paid off in one year and every family could be given a nice home, car and food which would last them a lifetime without working at all. This could be done with the sale of natural resources alone in only one year. Something worth fighting for, right?

NOTE: Due to US meddling in Venezuelan domestic policies it has taken President Chavez 8 years to pay off all of the Venezuelan debt, which was held by the International Monetary Fund, (WORLD BANK) which is actually the US Treasury. Venezuela is now free from the IMF and US controls and is helping many other Latin American countries pay off their debt and become free of Imperial capitalist control. This is of course being portrayed by US officials as destabilizing Latin America, radicalism, communism, un-democratic and is a serious threat to US interest and National Security. In reality, when anything is a threat to American interest it is helping the remainder of the world and the US is not going to allow that.

The US government did not stop with the regime change in Venezuela as is evident in documented cases of huge oil reserves being found in Africa also where the US caused more bloody revolutions, regime change, and genocide to secure the oil for America. Indonesia was not spared a large dose of American greed either. President Sukarno was ousted by a US/CIA led coup in 1965 which the American newspapers called “A STAGGERING MASS SLAUGHTER.”

(A CIA study of the events in Indonesia assessed that "In terms of the numbers killed the anti-PKI massacres in Indonesia rank as one of the worst mass murders of the 20Th century…")

It must also be noted that, in addition to the CIA, British and Australian intelligence were well aware of events as they transpired.

Time Magazine presented the following account on December 17, 1966 : "Communists, red sympathizers and their families are being massacred by the thousands. Backlands army units are reported to have executed thousands of communists after interrogation in remote jails. Armed with wide-bladed knives called parangs, Moslem bands crept at night into the homes of communists, killing entire families and burying their bodies in shallow graves."

"The murder campaign became so brazen in parts of rural East Java, that Moslem bands placed the heads of victims on poles and paraded them through villages. The killings have been on such a scale that the disposal of the corpses has created a serious sanitation problem in East Java and Northern Sumatra where the humid air bears the reek of decaying flesh. Travelers from those areas tell of small rivers and streams that have been literally clogged with bodies."

Keep in mind that the US now controls all the oil from those regions as well as Canada, Alaska, and Iraq, Saudi Arabia and various other Mid East countries.

Now it is time to secure oil from Iran, which holds the second largest supply in the Mid East. Iran also controls the ”Strait of Hormuz,” which is the vital shipping route for all oil from the Mid East to the world. There are strategic problems involved with attacking Iran which I have already outlined in my last article at http://www.venezuelanalysis.com/articles.php?artno=2083
Please read it for a full understanding of what is going to happen and why. Then continue with this article.

CONTINUED: Now that you know a few reasons why Venezuela is so important to the future of the U.S., lets take a closer look at why the U.S. is amassing incredible debt, (Over 54 trillion dollars, which can never be repaid http://www.cnsnews.com/ViewNation.asp?Page=/Nation/archive/200711/NAT20071108b.html
Federal Liabilities Now Equal $175,000 for Every American

), creating the North American Union (the US , Canada, and Mexico are to become one country soon http://www.globalresearch.ca/index.php?context=va&aid=7306
Dollar Crisis: None dare call it 'conspiracy'
), complete with newly printed Amero Dollars, circumventing the U.S. constitution with new laws which have given President Bush dictatorial powers (which will be invoked when needed), ignoring the Geneva Convention Rules, pushing for amnesty for illegal aliens, creating a military police state, eliminating personal freedoms and privacy, ignoring Supreme Court decisions, invoking Executive Privilege when confronted, caught, or subpoenaed, building over 700 secret prison camps and completely destroying its image and sowing seeds of hatred worldwide. And the U.S. administration, led by George W. Bush, Dick Cheney, and an extremely dangerous group of others are not one bit concerned or worried. The big question everyone should be asking about all of this, as I have been doing for years, is WHY??? ( Remember when Vice President Cheney said “The U.S. deficit and world debt is unimportant.” Keep reading to understand WHY. http://www.cnn.com/2006/POLITICS/02/14/morton.deficit/index.html?iref=newssearch
Cheney says deficits don`t matter, CNN

There are a host of things which analysts from every sector agree on. The US is in Iraq and will be there for decades. The attack on Iran complete with regime change is absolutely necessary for the U.S. to remain world Superpower. This war with Iran can not and will not be won without the use of Nuclear Weapons. Using nukes on Iran will cause a regional war in the entire Middle East which could last for decades. This will cause the current U.S. economy to collapse, causing a violent civil war and revolution (people against people and against the government) within the US. The prison camps will be filled to capacity with the poor and middle class who disagree with the government and ironically those who fight the system of military police state will be forced to work in military complexes building more bombs and weapons for their elected leaders to use for their protection from the ‘’Terrorists’’ who were created by the US government.

The economic collapse will encapsulate the entire planet with the most severe consequences being in First World industrialized countries effectively paralyzing and preventing any country from even considering a military strike or confrontation with the U.S. Attacking the U.S. is a suicide mission and any country capable of inflicting major damage is smart enough to know they have no possibility of winning and will not attempt it. World War 3 is highly unlikely, (BUT NOT IMPOSSIBLE), and the US is betting on this. So what will be the outcome?

The U.S. today controls almost all the oil on the planet, who gets it, how much they get, how much they pay for it and what currency is used to buy it, with the exception of Iran and Venezuela. Creating the Middle East regional war will put the U.S. in control of that entire area, including Iran, but they must accept an economic collapse to do so. Of course all other countries will also be in a state of collapse, with civil wars, revolutions, etc., but since the US has planned this from the beginning decades ago, it will be the only nation able to cope with the circumstances because they know in advance what will happen and when.

With the coming of the global economic collapse most First World and some Third World countries will not only be involved with their own problems of civil wars and revolutions inside their countries, but most areas will erupt into regional war for control of needed resources, even Europe. The corrupt leaders of stronger countries will see this not only as a fight for survival but an opportunity to conquer neighboring lands as they had always wanted. How does the U.S. emerge from this global war as victorious and where does Venezuela fit into the Empire’s evil plans?

This entire scenario of war and economic collapse globally is designed to coincide exactly with the planned implementation of the “North American Union,”
( http://www.infowars.com/articles/nwo/nau_globalists_to_formally_propose_us_canada_mexico_merger.htm
Globalists To Formally Propose Merger Of U.S., Canada, Mexico North American Union), which is scheduled to take place in 2008. Most important is the timing as it is critical that this all happens before the 2008 Presidential elections in the U.S. With the new laws which President Bush has just put into effect it is possible for him to take complete control of the U.S. government, on a federal, state, and local level, invoke martial law, cancel elections and become the first U.S. dictator in the event of any national emergency. ( http://onlinejournal.com/artman/publish/article_2255.shtml
Will Bush cancel the 2008 election?)
If there is a funny part to all of this it has to be that the poor idiots who are just as corrupt as the present administration, who are running for President in 2008, are wasting their time…There will not be another election in the US. If anyone thinks the Bush-Cheney group have gone to this much trouble in the past 8 years just to let some new bunch of crooks come in and reverse all their hard work, they are living in a dream. (Special note: In the event that Bush, Cheney or any other public official leaves office for any reason, nothing will change and the wars will continue...It has been planned and nothing can stop it.)

Now, the world is at war, Bush is at the helm, what next? How does the U.S. survive? Implementing the North American Union strengthens US forces militarily and economically. The U.S. dollar has collapsed and all countries holding U.S. debt have lost trillions which reinforces the global collapse in Russia, China, etc. This also relieves the U.S. of all prior debt. This plan is just as effective as someone declaring bankruptcy to eliminate their debt. (Naturally, this U.S. bankruptcy will be blamed on “terrorists,” which will justify even more wars in the future.)

China has since the end of the cold war with Russia become the only real threat to US supremacy and the US has always known this. All along China has been quietly and covertly planning to first kill the U.S. economically by enticing American corporations to move their operations to China which the Chinese believed was hurting the American economy and this is true to an extent but was all part of the US plan. China was well aware of American Greed and played this to their advantage for over 40 years but U.S. politicians and think tanks were aware of China’s plan. Everyone has always wondered why US politicians did not stand up and make laws forbidding outsourcing most American jobs. Simply because this was not in US interest in the long run. US politicians made billions on this in the process also from payments by China lobby groups and Chinese companies. (It was a trap for china and has worked perfectly.) What the politicians did do is force China to buy trillions of dollars in U.S. treasuries and other now worthless securities to assure the Chinese got the contracts from the big corporations which they thought was slowly crippling the U.S. economy. Banks and financial institutions in England and the U.S. are collapsing as I am writing this and other countries will follow soon because the U.S. allowed the sale of Billions of dollars of securities which were thought by foreign banks to be AAA rated and government guaranteed, but now are worthless. Many more European banks are set to start failing within a few months who all are holding these worthless us investments. Brazil, India, and other countries have also enjoyed the benefits of our greedy outsourcing but that will soon come to an abrupt end and when the dust has settled from the imminent collapse everything will say made in the North American Union. All industry will return from overseas and the U.S. will have plenty of Mexicans willing to do the cheap labor just as the Chinese, Indians, Brazilians, and others are doing now. Imports will be almost non-existent and U.S. exports will once again support the country. (Is the Bush administration pushing for amnesty for illegal aliens starting to make sense now?) The US will soon need those cheap laborers!

NOTE: Illegal aliens and the poor and middle class Americans who are willing to work as slave labor for corporate America will be allowed a certain amount of freedom, but those who rebel and revolt or even dare to criticize the government will find new homes in one of the FEMA ran prison camps and will be working in the military industrial complexes building more weapons or forced to join the military and fight the U.S. wars.

The Amero dollar is born. The U.S. economy is virtually the only economy anywhere, ( just as it was after WW2 when the US Dollar became the world currency), and the US has sufficient oil for itself, which it has been controlling and hoarding for decades but wait, the rest of the world is begging for oil now and the U.S. only has enough for itself so what is the solution?

Venezuela has plenty of oil but Chavez is hoarding it or giving it away to enemies of the US. Chavez is now deemed a “Terrorist” and must be eliminated for the betterment of the New World Order. The fact that the U.S. now has more military stationed in Brazil, Colombia, Paraguay, and other Latin American countries surrounding Venezuela than all the Latin American countries federal agencies combined is no surprise. Curacao is now reported to be a major US military base with missiles pointed at Venezuela. There are also around 4,000 CIA operatives reportedly working inside Venezuela organizing the opposition to President Chavez and are working on causing Zulia state, the oil producing area, to secede from Venezuela, possibly to be taken over by Colombia or operate as an independent Nation [again?] with a leader who is controlled by the U.S.

When the U.S. has successfully eliminated all competition for world dominance and the world once again depends on the U.S. it will be very easy to garner support from all countries to secure the Venezuelan oil, eliminate a Terrorist Dictator and bring freedom and democracy to all of Latin America, by military intervention, bombing, genocide and whatever means are necessary to protect U.S. interest and National Security. At this point not only U.S. interest will be at stake, but world survival will be the question and with Venezuela holding the oil needed, what will be the consequences for Venezuela?

With America safely in control of all the oil they need but the Middle East oil not flowing due to the regional war there will be a world oil shortage. This is why Venezuela is the key to this entire plan for US world dominance. Once the U.S. is in control of the vast Venezuelan oil fields it will sell to the highest bidders but strictly on American terms. (At this point oil will be at least $300 a barrel, gasoline $25 a gallon, the oil companies, politicians, and world elite will be making all the money and the middle class will be eliminated or reduced to slavery for the rich ruling class. Does this sound like fun?)

(THE KEY: The U.S. dollar has collapsed and is worth only pennies on the newly formed AMERO dollar. Other countries’ currencies are totally worthless, so the only choice any country has is to exchange the old U.S. dollars at maybe 6 cents for the new AMERO dollars, which they will need to buy their oil and U.S. export goods.) Naturally all the countries the U.S. helps to reestablish their economy will have to agree to U.S. military presence, trade agreements, and to become U.S. allies in the never ending ”War On Terror.”

Now for the big question everyone is asking or should be asking. Is it possible to avoid the scenario which I have presented? To tell you the truth, I do not know, but I do know that President Chavez is trying to tell you all, and I mean Americans, Venezuelans, and people from all countries that only two choices exist. Stand and Fight the Empire now or kneel down, accept defeat and live your lives Terrorized by evil, corrupt, rich people forever, just as you have always done.

The fact that world leaders and their people are listening to Chavez is reason enough for the regime change in Venezuela whether by another coup or assassination, but the need for oil will cause a full military invasion.

If you still are having a problem understanding why Chavez is fighting so hard to bring socialism vs. capitalism to Venezuela and risking his own life to fight the Empire, please remember this: The U.S. system of government is based on capitalism which has allowed the 3 richest men in the world to have 3 times more wealth than the 48 poorest Nations on the planet combined, including Latin America and that in those poorest Nations over 30,000 children die of starvation and disease every day. Any of these richest men could solve this problem but in a capitalist system where Greed is a lifestyle, this is not going to happen. Also less than 2% of the people on earth have over 50% of the money on earth while over 50% of the people have less than 1% of the money. 2.5 Billion People on earth live on less than $2 a day.

I am not giving away state secrets in this report. Many people have figured out what is happening, including the world leaders. China, Russia and almost all countries are trying to sell off all U.S. assets but must do it slowly and in a clandestine manner to avoid causing their own economies to collapse prematurely. It has been estimated by top financial analysts that this slow sell off could be accomplished in less than 2 years which would be a disaster for the U.S. ( http://www.freemarketnews.com/WorldNews.asp?nid=49620
Chinese $ Sell-Off Rumors Triggers Concern, Rash of Conspiracy Reports )
The U.S. is well aware of this and is pushing to escalate their own agenda ahead of China, Russia, etc. China and Russia are both putting 100% effort into cyber warfare and military arms buildup but it is too little, too late and when all else is lost they may just be crazy enough to make one final effort and push the nuke buttons. WW3 is possible and could happen any day now. I can not imagine Russia and China being good losers, can you?

A famous U.S. president once said ''Nothing in politics happens by accident''. All the insane things you see the US administration and other countries doing is no accident but is part of the over all plan.

A few Examples: The U.S. did not just recently realize that all these imports from China are dangerous or violate U.S. laws. They have always known this, but by the recent recalls on thousands of products made in China, the U.S. is just letting them know that the U.S. is still in control and can shut Chinese business down at any time by simply enforcing U.S. laws pertaining to product safety, which have always been overlooked but still exist if needed. The recent meeting of Bush with the Dalai Lama is just another way of letting China know who is the boss. Bringing up the 90 year old genocide charges against Turkey was not necessary for any reason except to inflame tensions in the Middle East and bringing ex-president Bhutto back to Pakistan was another step in creating more tensions and problems in the region. The recent bombing of Syria by Israel was another. Threatening to divide Iraq into political sections is of course impossible but inflames tensions which works perfectly into U.S. plans. Leaking out the news about the Blackwater security company killing innocent Iraqi citizens is another example. Blackwater and other mercenaries have been murdering people around the world for years with immunity and without press coverage. The missile defense shield Bush is trying to install on the Russian border to supposedly protect Europe from attack by Iran is absolutely ridiculous and Putin knows it is just another attempt by the U.S. to assert its dominance over Russia. I could give you hundreds more examples but I hope you get the point already. You will probably see many more seemingly insane things happening all around the world, mostly instigated by the U.S., but remember, it is all political, well planned, and not accidental.

Looking at this realistically, the U.S. must execute their plan within less than one year and I would bet they will not cut it that close, probably within six months or less. This is how much time you have to either try to stop it or prepare yourself and your family for a global economic collapse and/or WW3. Personally, I believe preparation is the best choice as what has been planned by world superpowers competing for world supremacy for decades cannot be stopped.

The plan I have outlined was never perfect, has had many setbacks, many detours and many mistakes made in implementing, but overall it is still working and I see no hope that it will be abandoned. It is only a matter of a short time left for the final inevitable showdown by world superpowers and for the U.S. to retain its position as world superpower or become just another 3rd world country... Which would you bet on happening?

Have a nice day, The Corruption Crusaders

For more sources which will verify the truth of this article and the urgency of the situation unfolding please check our blog and our recommended links.

Our motto is: In God we trust...Everyone else gets investigated, Therefore all sites we recommend have been investigated and found to be accurate in reporting the truth even though the truth is sometimes hard to believe.

Contact: www.corruptioncrusaders.blogspot.com

http://www.cnn.com/2006/POLITICS/02/14/morton.deficit/index.html?iref=newssearch
Cheney says deficits don`t matter, CNN

http://www.globalresearch.ca/index.php?context=newsHighlights&newsId=18
Bush threatens to attack Iran with nuclear weapons...All links to Bush threats

http://www.infowars.com/articles/nwo/nau_globalists_to_formally_propose_us_canada_mexico_merger.htm
Globalists To Formally Propose Merger Of U.S., Canada, Mexico North American Union

http://www.freemarketnews.com/WorldNews.asp?nid=49620
Chinese $ Sell-Off Rumors Triggers Concern, Rash of Conspiracy Reports

http://news.bbc.co.uk/2/hi/world/middle_east/1559151.stm
Hijack 'suspects' alive and well

http://onlinejournal.com/artman/publish/article_2255.shtml
Will Bush cancel the 2008 election?

http://www.afterdowningstreet.org/?q=node/27683
"Seven countries in five years"

http://www.cnsnews.com/ViewNation.asp?Page=/Nation/archive/200711/NAT20071108b.html
Federal Liabilities Now Equal $175,000 for Every American

http://www.globalresearch.ca/index.php?context=va&aid=7306
Dollar Crisis: None dare call it 'conspiracy'

NOTE: There are thousands of journalist, scientist, professors, academics of every discription, ex-high ranking politicians, military officers, police officials, national security agents, citizen eyewitness whictleblowers and others too numerous to mention, who write articles for the MSM, web sites and blogs which are dedicated to exposing the truth in their own areas of expertise. I have researched,studied, interpreted and analysed them all and put all their findings together in one article which you have just read. Please take it seriously.

About investigative journalist : We are a husband/wife team of investigative journalist, working undercover for major INDEPENDENT news agencies and freelancing. We have worked for the MSM but had to give it up due to censorship of our articles. We have been published in all of Latin America, Europe, Canada, the Caribbean and the U.S. We have worked undercover with top government agencies, global corporations and organized crime syndicates on a global basis. Our true identities are our biggest assets and will remain a secret for our own protection and to preserve our effectiveness in undercover work. It is our belief that exposing and stopping political and corporate corruption is the highest form of public service. http://corruptioncrusaders.blogspot.com
Bush threatens to attack Iran with nuclear weapons...All links to Bush threats

http://www.infowars.com/articles/nwo/nau_globalists_to_formally_propose_us_canada_mexico_merger.htm
Globalists To Formally Propose Merger Of U.S., Canada, Mexico North American Union

http://www.freemarketnews.com/WorldNews.asp?nid=49620
Chinese $ Sell-Off Rumors Triggers Concern, Rash of Conspiracy Reports

http://news.bbc.co.uk/2/hi/world/middle_east/1559151.stm
Hijack 'suspects' alive and well

http://onlinejournal.com/artman/publish/article_2255.shtml
Will Bush cancel the 2008 election?

http://www.afterdowningstreet.org/?q=node/27683
"Seven countries in five years"

http://www.cnsnews.com/ViewNation.asp?Page=/Nation/archive/200711/NAT20071108b.html
Federal Liabilities Now Equal $175,000 for Every American

http://www.globalresearch.ca/index.php?context=va&aid=7306
Dollar Crisis: None dare call it 'conspiracy'

NOTE: There are thousands of journalist, scientist, professors, academics of every discription, ex-high ranking politicians, military officers, police officials, national security agents, citizen eyewitness whictleblowers and others too numerous to mention, who write articles for the MSM, web sites and blogs which are dedicated to exposing the truth in their own areas of expertise. I have researched,studied, interpreted and analysed them all and put all their findings together in one article which you have just read. Please take it seriously.

About investigative journalist : We are a husband/wife team of investigative journalist, working undercover for major INDEPENDENT news agencies and freelancing. We have worked for the MSM but had to give it up due to censorship of our articles. We have been published in all of Latin America, Europe, Canada, the Caribbean and the U.S. We have worked undercover with top government agencies, global corporations and organized crime syndicates on a global basis. Our true identities are our biggest assets and will remain a secret for our own protection and to preserve our effectiveness in undercover work. It is our belief that exposing and stopping political and corporate corruption is the highest form of public service. http://corruptioncrusaders.blogspot.com