2014 is going to be a year of decision. It is going to be a year in which many lies are exposed, it is going to be a year where a certain level of truth will be revealed about a lot of popular delusions in the world.
America in 2014, resembles France in 1789 on the eve of the French Revolution. This is a very diseased system that is on the verge of collapse.
STORM CLOUDS OVER AMERICA
We could go over a lot of points, but simply highlight a couple. Debt as a percentage of the American economy, that's total debt, government and private, is at its highest level in history. America's position in the world has gone from being the world's largest creditor in 1980, a position it held since World War I, to being the world's largest debtor with a net international balance of a staggering -4 trillion. American budget deficits and much more ominously, American balance of international balance of payment deficits, stretch out to the horizon, but plutocratic leaders who benefit from the system keep telling us that everything's okay.
And on an international scale we still have imperialists on both the right and the left who claimed that this is the promised kingdom, this is the new Jerusalem, modern America's the new Jerusalem and not only do they claim that, they claim the right to invade foreign countries and murder people if they don't want to cooperate. This is morally wrong and this is part of a pattern that is not going to continue.
IMPORTANT WORLD EVENTS THAT ARE NOT COVERED BY THE MEDIA
Now a number of very important events have occurred in 2014 that we wanted outline, which we feel are not adequately covered by the media; of course, the whole concept not adequately covered by the corporate media would include a good part of what's going on the planet, but anyway, this is why we are highlighting them.
THE NEW COLD WAR WITH RUSSIA
Now the decision to start a new Cold War with the world's other nuclear armed superpower is a level of insanity and irresponsibility that is truly breathtaking. As we have discussed, Russia has absolute essential interest in places like Crimea, America doesn't, but America is provoking a confrontation with Russia.
AMERICA ACCUSES CHINA OF CYBER ESPIONAGE
Now at the same time, relations between America and China are going poorly, and America has provoked a confrontation with China over - this is a real horse laugh - accusing the Chinese of cyber espionage - well talk about the pot calling the kettle black, but anyway that's what the self-righteous idiots at the top of the American system have done. Now this means that America is stepping up tensions with its largest credit, also the trade relationship between America and China is unsustainable, it's just endless losses. The fairytales promoted by Clinton turned out to be just that - fairytales. So that's going to be a huge source of tension even without the geopolitical aspects of the whole situation.
STRUCTURE OF NEGOTIATING DEBT GLOBALLY IN CHAOS
AS ARGENTINA LOSES CASE TO CREDITORS
Now what has gotten surprisingly little attention has been the victory of speculators, hedge funds, in the Argentine debt situation. It's a bit complicated to explain but let's just try to clear the air here. When Argentina or other countries default, there's no legal international bankruptcy system the way there is say, in the United States, for almost everything except student loans. The situation is that there's usually a negotiation where the majority of the creditors agree to take a loss and that's considered acceptable to all the creditors. Now this is a virtual legal revolutions, some of the speculators and hedge funds - yeah we know that they're wonderful people right - they took this to court in the United States and received judgment in their favor demanding that Argentina pay 100%. Now this throws the whole structure of negotiating all the bad debt around the world internationally into chaos, because think about it, if country X is in trouble why would the creditors agree to take a haircut so to speak if that could be overthrown in court? This is extremely serious because this threatens any kind of orderly renegotiation of a good part of the bad debt out there and negotiating the bad that out there is going to be one of the growth industries of the 21st century. So this calls that situation into very great question.
CENTRAL BANKS ARE BUYING STOCKS
THE CURRENTLY HIGH STOCK MARKET PRICES ARE SUPERFICIAL
Now another revelation that's come out is that central banks are buying stocks - now just pause and think that one through - this is absolutely mad and the whole stock market bubble that we're having is a direct result of the quantitative easing which is channeling money to plutocrats and other people to bid up stock prices. The current high stock prices are not a natural phenomena, they're an artificial phenomenon of the quantitative easing, translate welfare for the rich. So this is all a very sick system and is a bubble that is going to burst.
HILARY CLINTON AND PETRO TYCOONS CREATE A MONSTER
BY FUNDING JIHAD IN SYRIA
If that's not all bad enough, the whole lunatic imperialist house of cards in Iraq is finally coming tumbling down for all to see. Now this goes back to the decision of Hillary Clinton and the United States government to engage in a secret plan with the petro tycoons, Saudi Arabia and Qatar to invade Syria - no-no they weren't fighting for human rights this was an invasion - and the great sin of Mr. Assad was to be a friend of Iran and to not properly take orders from Washington when he was told to take orders, this kind of independence certainly could not be tolerated by the United States and Hillary Clinton said that he was he was going to go, as if she just eloquently stated that he had to go, as if she was somehow qualified to pick leaders for the entire world.
Anyway on like her ill-fated presidential campaign in 2008, Hillary's plans turned into a complete catastrophe and it turns out that the majority the Syrian people don't want any part of her plans, and it turns out that the Islamic extremists backed by the United States are not very popular in Syria. What this has led to is a bloodbath where 150,000 people so far have been murdered. This is part of a huge pattern of lies on the part of the American government because they keep saying it's supporting "moderates" in Syria. This is an absolute fraud and the whole structure of American policy is a fraud. America is organizing arms shipments paid for by Saudi Arabia and Qatar. These are huge arms shipments which are being flown in by American planes.
AMERICA CLAIMS IT WAS ONLY FUNDING "MODERATES IN SYRIA"
IN REALITY, AID IS GOING TO THE EXTREMISTS
Now America says "oh, well we're not sending arms to 'extremists' we're backing moderates", the moderates are a joke, the head of the Syrian national army, which was a joke to begin with, recently fled across the border and the whole thing just kind of disintegrated into chaos. The real war in Syria is between Islamic extremists and the government, and the notion that America is not aiding the extremists is a lie. These weapons are going into warehouses, who knows where they are going, suppose they are given to somebody who might have a little label on himself saying "moderate" and then they can easily be transferred to monsters such as the Islamic extremists known as ISIS.
ISIS TAKES OVER NORTHERN IRAQ
WHAT WILL HAPPEN NEXT?
Now this this is a level of criminality and incompetence that is truly breathtaking on behalf of the Obama foreign policy elite, as well as indecisiveness. Now what has happened here, what is happening here, is that this situation, like other situations that they're organizing, is spinning out of control, because these people have now come across the border and have seized a good part of northern Iraq and a good part of the Iraqi Army hasn't just deserted, it's defected; so what you have now is a coalition of ISIS and part of the Sunni members of the Iraqi army with their American weapons facing the Shiites in the South of Iraq. Where is this going to go? We are skeptical that ISIS would try to storm Baghdad, because that would be a bloodbath, and the Mahdi militia and another friendly folk would probably cut ISIS to pieces in house to house fighting in Baghdad.
We think what's likely to happen, and ISIS are not a bunch of rational actors so we would may hesitate to predict what they might do, but I think a more likely scenario is that ISIS will consolidate its control over northern Iraq and use that as a base of operations to do what they want to do, which is to topple the entire political order in the Middle East. This also displays a truly breathtaking level of stupidity and incompetence on the part of the government of Saudi Arabia and the government of Qatar, who funded this out of their fear of their fear of Iran, they have created an even bigger monster that's likely to bring them down.
The government of Saudi Arabia is an extremist organization, it's a reflection of this Wahhabi cult that came to power in the 1920s with the cooperation of Western imperialists, and is not - was not - a mainstream form of Islam, but with Saudi Arabia's huge financial resources, has become a dominant form of Sunni Islam. This is where you get Osama bin Laden; this is where you get the Taliban, and so on. So this comes from Saudi Arabia, where as we talked about, there's less religious freedom there then there was in Taliban Afghanistan.
WHEN FRANKENSTEIN'S CREATURE STRIKES BACK AT ITS MASTER
EVENTUALLY ISIS WILL TURN AGAINST SAUDI ARABIA
What goes around comes around, and what's happening in Syria and Iraq today, with the connivance of the Obama administration, is setting the stage for an upheaval throughout the Middle East, because ISIS ultimately will attack its own creators, the Saudi government. The unhappiness of people with life is going to be a very fertile field for people calling for some kind of Islamic Wonderland that exists in the minds of the extremist. Think about it, you're in one of these Islamic countries that is not doing so well, your life is going nowhere, obviously plutocrats like Hillary Clinton are not doing anything for you despite of all the happy talk and so on, they're not exactly getting ready to join the Transpacific Partnership and other plutocratic nonsense and so on. So that's not going so good, but on the other hand you get the opportunity to die as a martyr in a holy cause, you get the opportunity to serve part of a Utopian campaign that, in the eyes of its beholders, is going to create a supernatural utopia throughout the Middle East.
This is heady stuff - this is heady stuff - and since your own life is going nowhere, the idea of dying to create this is very very exciting, very exciting, a lot more exciting than planning a career in Goldman Sachs are other things that people like Hillary Clinton would like to tell you you're supposed to do, or get $200,000 a pop for speaking before Goldman Sachs and then claim you’re a poor person like a fraud Hillary Clinton.
THE AMERICAN PLUTOCRACY
BLOWING APART LIKE STRAWS IN THE WIND
So this is this is heady stuff. So you put all this together, it's the straws in the wind - it's the straws in the wind, and the whole plutocracy is under greater and greater strain. America cannot go on financing endless imperialism. See time is running out. Meanwhile at home, the crazy Republican budget cuts, which Obama has largely gone along with, are tearing to pieces basic structures of the American government, infrastructure, basic government services are in many ways descending the Third World levels. Aid can't even be found for the unemployed, serious national health insurance, as opposed to the horrendously complicated mess of Obamacare, still hasn't been implemented, leaving America very vulnerable to an epidemic day by day.
FATE STRIKES BACK
TROUBLE AHEAD FOR THE PLUTOCRATIC WORLD ORDER
Now so all this adds up to big trouble big trouble and in final point there's a moral aspect of all this. America murdered 1 million people in Iraq with its lunatic schemes. Hillary Clinton murdered 150,000 people in Syria. The overall failure of America to provide leadership on global environmental matters, global poverty matters and so on and so forth. So of perhaps the world's leading failed state could be considered America, in light of certainly the track record since 2001. With all this money, what did they do? They spend trillions of dollars creating a nightmare in Iraq and murdering 1 million people, giving tax breaks to the super rich who didn't need it, this is a morally depraved and morally evil record and we believe in fate we believe in God and this is not a wise way to behave, it is not and they're going to be consequences for this sort of behavior.
So stay tuned. Put your tray table in the upright position, fasten your seatbelt, turbulence ahead for the plutocratic world order, turbulence ahead for the world ahead, but for what we do an enormous opportunity and an obligation to show leadership for what will emerge out of the ruins up ahead of the current all plutocratic world order. This is the end of this lecture.