Friday, February 22, 2013

Americans to start seeking Political Asylum in Great Numbers?

There is a video on RT America posted today, an episode of "The Truth Seeker", called, "US: Worst Place to Live" [found here]

There are black outs, bridges falling, and rail lines in 3rd World countries can be more useful, in better condition, and more modern than in US.

The UN and Central Banks want Americans disarmed for occupation. Obama's first position is as UN Security Chief, and he isn't taking his position of US President seriously. Elected officials take an oath to uphold and protect the US Constitution. They are dismantling it.

The military is practicing shooting up US highways and cities using machine guns hanging out of helicopters. [post

Returning US Veterans who do not become police, TSA, or DHS are considered the enemy, terrorists who need to be disarmed, arrested, and even imprisoned.

Police and active military are practicing on shooting pregnant women, toddlers, returning US veterans, the elderly, farmers, you, and me using realistic looking targets of us. [post]

How does the gun ban, drug trafficking, the CIA, the FBI, organized crime, town hall, the Israeli Mossad, police, the courts, state and federal officials, the UN, Central Banks all intersect? [Post]

Check out Steven G. Erickson's video uploads [click here]

Saturday, February 16, 2013

International Banks say they have a right to empty your account

Do banks have a right to empty any of your accounts, including your retirement? Check out [this link] to a post where 5 million Americans have already decided to live "Free" and "American" outside the US.

I believe that the international bankers and foreign corporations are subverting America. I believe there are rogue, clandestine operatives who are pulling off "False Flags".  The Gulf of Tonkin incident has been declassified as being completely bogus and was the excuse for the Vietnam War. It has been declassified that the CIA wanted to run airplanes into buildings, blow up buildings, shoot children in schools, blow up school buses to blame Cuba for an excuse for a ground war. John F. Kennedy denied the CIA those black ops and how did it work out for him? Abby Martin of RT America's Breaking the Set talks about False Flags at the end of [this video].

Max Keiser talks about the banker conspiracy and takeover [here]. I believe 9/11, Sandyhook, and other events after the Oklahoma City Bombing were false flags. Why was the FBI allegedly able to get away with planning the bombing of the World Trade Centers in 1993, convincing men to become bombers, supplying the bombs, and then allowing the bombing to occur? James Corbett with others breaks down how the Oklahoma City Federal Building Bombing was most likely a government black op to get the ATF more money when they faced budget cuts. [video]

Why haven't US Attorney General Eric Holder and Barack Obama been arrested for their roles in the ATF "Fast and Furious" program to get guns into the hands of Mexican Drug Gangs to attack the Second Amendment? Just knowing about felonies being committed, and then not reporting it is a crime. So, the pair at minimum are guilty of that. Why no arrests and prosecution for blatant law breaking? Are officials, bankers, and select corporate operatives above the law?

I contacted Connecticut US Senator Christopher Dodd and then Governor of Connecticut John G. Rowland about teens going bad and that police and the courts were out to eradicate the self-employed and small businesses who are not Mafia connected bank in the 1990's.  I talked about police "Crime Farming" in Stafford Springs, Connecticut, promoting prostitution, contributing to the delinquency of minors, racketeering, obstructing justice, lying, terrorizing the public, aiding heroin and cocaine trafficking, promoting crime, and revenue collecting and confiscating property while refusing to protect and serve taxpayers.

I did not know that Dodd and Rowland were taking bribes from organized crime, bankers, and/or crooked leaders in the business world. So, my name and address was then forwarded to the Commissioner of the Connecticut State Police, Arthur L. Spada, to carry out the Connecticut State Police threat that I would become permanently estranged from my daughter, my family, lose my contracting business built over 2 decades, my home, be arrested, imprisoned, and kicked out of Connecticut upon my release if I tried to redress grievances to elected officials and if I continued to write letters to the editor critical of pirate police and rigged courts.

[Connecticut State Senator Anthony "Tony" Guglielmo], Rep. Mordasky, and their staffers let me know that Steve Spellman, Connecticut State Police liaison to legislators let elected officials know they were not allowed to propose Civilian Oversight of Police legislation, court reform, and my desire to have Judge Jonathan J. Kaplan removed for bad behavior and bias in civil cases.

Why was Stafford Springs, Connecticut, allegedly allowed to be a "test city" back in the 1990's, to listen to all citizens calls, monitor all their internet use, and string surveillance cameras and microphones all over? Why were self-employed and small business owners who are not organized crime set up to fail, for property confiscation, family breakup, and prison if they got in the way of the "revenue collection" system of lawyers, police, town hall, and court operators?

Before 9/11, a seemingly grossly overweight, retarded, police officer who lived with his mother, could bounce me off my house, threaten me with arrest, tell me I was kicked out of Connecticut, and that my wife should be with him, not me. She showed no interest, when he stalked me and hung out in front of our house, sometimes daily. "Fat Frank" Prochaska would make mocking statements about private conversations I had in my house, on the phone, content of my emails, and was asking for informant and criminal help in harassing, terrorizing me, and for setting me up for a false arrest and prison.

Complaining about Prochaska, got me followed by two cruisers at a time. I once had eight cruisers parked on my property, where officers refused to answer calls. I had broken no laws, just had written another letter to the editor printed in a Connecticut newspaper. The dispatcher, finally said over the radio, "You all can't hang out with Mr. Erickson, this side of the state is now not getting any coverage. Please answer your calls."

So taxpayer may have shelled out 6 figures in their tax dollars for police to harass me, set me up for prison, to lose my family, my house, my rental properties, and for me to lose my contracting business built up for 2 decades. Does it make sense to use tax dollars to take take taxpayers offline to then be a burden to the remaining taxpayers? Does that make economic sense?

Should Peter J. Coukos have allegedly been offered dibs by Officer Prochaska and the Connecticut State Police and help in getting a gun permit to carry concealed pistols for his sexually harassing my then 14 year old daughter, stalking, and [his threatening of her life]? Coukos is a alleged crack head, alcoholic, psychotropic drug abusing, sleeps with prostitutes, propositions underage boys and girls for sex, and is admittedly a bi-polar sociopath and/or psychopath.

Do citizens get representation for their taxation?

Have international banker and foreign corporate operatives hijacked the US Government, US Military, and created a UN World Government to pirate all resources, wealth, energy, assets, and cash, worldwide?

-stevengerickson AT

Would Steven G. Erickson take down all videos and all internet posts, change his name, and then live a life of obscurity if he had his bogus criminal record expunged and was offered pennies on the dollars for his state sponsored losses? The question was posed to Connecticut Governor Dannel P. Malloy:

Here are the boilerplate responses I have just gotten back from Vermont US Senators Bernie Sanders and Patrick Leahy:

Dear Mr. Erickson:
Thank you for contacting me about the targeted extrajudicial killing of U.S. citizens abroad and Executive orders.  I appreciate knowing of your concerns and I apologize for my delay in response.
On September 30, 2011, American-born cleric Anwar al-Awlaki was killed in Yemen, reportedly by an armed American drone.  As the leader of al Qaeda in the Arabian Peninsula, al-Awlaki is believed to have had direct links to a number of terrorist plots against the United States, including the Christmas Day 2009 attempt to explode an airliner over Detroit, the deadly shooting at Fort Hood, Texas in 2009, and an attempted car bombing in Times Square in 2010.
While I commend President Obama and his national security team for renewing our focus on destroying al Qaeda, I have serious concerns and questions about the legal authority to target and kill an American citizen abroad.  According to press accounts after al-Awlaki's death, the U.S. Department of Justice (DOJ) issued a classified memorandum concluding that the United States can lawfully target a U.S. citizen overseas if that person is plotting attacks against the United States and there is no way to arrest that person.  
On February 4, 2013, I joined a bipartisan group of Senators in writing to President Obama asking for the release of all legal memos related to targeted killings, in light of John Brennan's nomination to head the Central Intelligence Agency.  On February 6, 2013, President Obama responded to this letter by releasing the legal opinions to the Senate and House Intelligence committees.  Regrettably, the administration failed to allow the Senate Judiciary Committee to have access to these opinions and legal reasoning.
As Chairman of the Senate Judiciary Committee, I take seriously my responsibility to conduct oversight of the executive branch – particularly concerning constitutional and national security issues.  That is why on February 7, 2013, I wrote a letter to President Obama with Judiciary Committee Ranking Member Charles Grassley of Iowa, demanding full access to the legal memos concerning targeted killings that have been provided to the Senate and House Intelligence committees.  
I believe strongly, as all Americans do, that we must do everything we can to prevent terrorism, and we must ensure severe punishment is imposed upon those who do us harm.  However, I also believe strongly that we must ensure our safety and security, and bring terrorists to justice, in ways that are consistent with our Constitution, our laws, and our values.  You can be sure that I will continue to closely monitor this issue and work to ensure that our national security policy respects the rights and constitutional protections of all Americans. 
You also mentioned Executive orders.  In his capacity as the chief executive, the President has discretion on the issuance of Executive orders.  These orders are instructions or declarations issued by the President and his administration which can establish a uniform set of policies and procedures that stem from an act of Congress and are compatible with the will of Congress as expressed in their legislative actions.  Some Executive orders in the past have created new commissions, councils, task forces and committees; issued and allocated bonds; authorized certain acts by federal agencies; and protected land.  It is important to know that Executive orders are limited in their scope and cannot be used to legislate or override existing lawsAuthority for these directives comes directly from the Constitution.  The power of the President to issue executive decrees is one that dates back to the beginning of the presidency
In 1996, Congress created the Congressional Review Act (CRA), an act granting Congress power to disapprove rules and regulations administered by the President and federal administrative agencies.
 The CRA provides Congress with an opportunity to respond to executive orders, within 60 days of issuance, thereby allowing the Congress to take necessary measures to prevent abuse.  While I do not believe that President Obama has abused his power or position as President of the United States, you can be sure I will never hesitate to investigate executive actions if I believe they are overreaching, regardless of who occupies the White House.
Thank you for sharing your concerns with me and I will be sure to keep your thoughts in mind.


United States Senator


Dear Mr. Erickson:
Thank you for contacting me about the federal response to gun violence in this country.  I appreciate the opportunity to respond to your concerns.
There is a proud tradition of gun ownership in Vermont, which I celebrate and strongly support.  Thousands of Vermont families enjoy hunting, target shooting and other gun-related activities.  Well over 99 percent of them are law-abiding citizens who are extremely careful with their weapons.  Their rights must be protected as we proceed with this national debate.
On the other hand, very few deny that we must do everything we can to end the horror of mass killings that we have seen at Newtown, Connecticut, Aurora, Colorado, Blacksburg, Virginia, Tucson, Arizona and in other American communities. 
It has long been my position from before I was elected to Congress in 1990 that gun regulation is largely a local issue best decided by the states, but that there are times when it does become a federal issue and Congress must act.  One of the issues that concerns me is that, because of inadequate background checks, there are now too many people who own guns who should not have them – including felons, and people with severe mental illness.  I also worry about the lack of effective investigative tools and sanctions for "straw purchases," where people legally able to buy guns act as a front purchaser for criminals.  
In my view, the debate over mass killings should not be only about guns.  In my view, Congress must consider a comprehensive approach which also includes a serious discussion about the need for greatly expanded mental health services and ending gratuitous violence in the media.   It is imperative that Americans who need mental health services be able to access them in a timely manner.  That is not the case today.  Several hearings that I recently attended made it very clear that throughout our country there are thousands of Americans who harbor suicidal/homicidal thoughts – and are unable to find treatment at a cost they can afford.  That must change. 
Again, thank you for contacting me about this important issue.  Feel free to contact me again in the future about this or any other subject of interest to you, or for up-to-date information on what my office is working on please visit  While there, I invite you to sign up for my e-newsletter, the Bernie Buzz, at  Please be aware that due to security screening procedures, postal mail to my office experiences delays that will lengthen the time it takes me to get back to you.  The fastest way to contact my office is by calling 1-800-339-9834.


United States Senator

Thursday, February 14, 2013

Joseph Zernick Re-Post

re-posted [from here]

Corrupt California Judge David Yaffe played a key role in the Christopher Dorner case
13-02-14 Corrupt California Judge David Yaffe played a key role in the
Christopher Dorner case

Judge David Yaffe was a key figure in the false imprisonment in solitary
confinement for 18 months of former US prosecutor Richard Fine. Richard
Fine exposed, advertised and rebuked the taking by California judges of
"not permitted" payments (called by media "bribes"). Judge Yaffe also
denied Christopher Dorner's petition for reinstatement in the LAPD.

Christopher Dorner, former US prosecutor Richard Fine in prison, corrupt
California judge (ret) David Yaffe, key figure in both cases.

The story in short:
Dorner filed a complaint against an LAPD officer, who kicked a one of the
people in the face. Dorner was dismissed from the LAPD as the result of
the complaint. Dorner filed a petition for reinstatement. The petition
was denied by corrupt California Judge David Yaffe. [1]

The judges:
Judge (Ret) David Yaffe and the case of the false imprisonment of former
US prosecutor Richard Fine have been the subject of complaint of
widespread public corruption and abuse of rights under the color of law.
Richard Fine exposed, publicized, and rebuked the taking by Los Angeles
judges of "not permitted" payments (called by media "bribes"). As a
result, then Governor Schwarzenegger had to sign "retroactive immunities"
(called by media "pardons") for all such judges. Two weeks later, Richard
Fine was arrested by the Sheriff of Los Angeles County Lee Baca, and later
held for 18 months in solitary confinement. No valid booking records were
ever discovered for the arrest and holding of Richard Fine. Sheriff Lee
Baca insisted, even after inquiry by Los Angeles County Supervisor Michael
Antonowitch, on producing booking records which stated that Richard Fine
was arrested on location and by authority of the "Municipal Court of San
Pedro". No such court existed. Sheriff Lee Baca refused to correct such
false and misleading booking records, even after the falsehood was
repeatedly pointed out to him. Therefore, such booking records should be
deemed fraud, and the holding of Richard Fine - false imprisonment. [2]

The complaint against David Yaffe, Lee Baca, and others involved in the
case of Richard Fine was filed with the US Attorney Office in Los Angeles.
The US Attorney refused to take any action, or even confirm receipt of
the complaints.

The US courts, starting from the US District Court, Central District of
California (Magistrate Carla Woehrle and others), US Court of Appeals, 9th
Circuit (Chief Judge Alex Kozinski and others), and the conference of the
Supreme Court (and in particular Justice Kennedy) all colluded in cover up
of the corrupt practices of California Judge David Yaffe. [3-4]

The case of Richard Fine was also part of the Human Rights Alert (NGO)
submission to the United Nations Human Rights Council. The submission was
incorporated into the first ever UN official report on Human Rights in the
United States with a note referring to "corruption of the courts and the
legal profession and discrimination by law enforcement in California".

As was repeatedly pointed out in various investigations of the Rampart
scandal, conduct of the courts - both the California and the US courts -
is the true source of the corruption in LA County. [5]

And LAPD response (passage from a posting on CNN site by Darwin Adikia):
Whatever gains the department has made in community relations since
Ramparts and Rodney King, these have now been severely undermined yet
again. How can the rank and file be expected to exercise professionalism
and restraint when the leadership does not? LAPD Chief Charlie Beck called
Dorner a “trained assassin”, just a couple of couple of days after he told
us “we trained him”. If you connect Chief Beck’s dots, evidently LAPD is
in the business of training assassins? How splendid for the citizens of
Los Angeles and the millions who visit the city! Beck didn’t stop there
however. “This is an act — and make no mistake about it — of domestic
terrorism,” he said. He stopped short of calling it a “Jihad” against the
LAPD or the American people. Domestic terrorism? Really? A man that you
had previously told us is out to get revenge against the LAPD and the LAPD
only? A man who was never known to have articulated a gripe against
America as a whole, its policies or way of life, and who has stated no
intentions of harming anyone other than a specific group of people in an
opaque organization with a blood-stained record that he believes treated
him unjustly? A man who has stated absolutely nothing about politics or
religion as a motivation for his grievances and actions? If this is the
new criteria for labeling someone a “terrorist”, then Chief Beck, you are
going to need a lot more space than Camp Gitmo to warehouse the millions
of Americans that would fall under your definition. Or perhaps skip
straight to the crematoriums.

Joseph Zernik, PhD
Human Rights Alert (NGO)

[1] Fresh questions over Christopher Dorner's dismissal as hunt
[3] 10-07-12 Complaint for Public Corruption against US Magistrate Carla
Woehrle and Others at the US District Court, Central District of
[4] 11-04-23 Habeas Corpus in the United States - the case of Richard
Isaac Fine
[5] 11-08-01 Zernik, J: Los Angeles Superior Court - widespread corruption
and refusal of US government to take action, 16th World Criminology
Congress presentation

Joseph Zernik, PhD
Sent from "1984", Iceland-based Internet Service Provider
Human Rights Alert (NGO)
* United States - the 2010 submission of Human Rights Alert to the Human
Rights Council (HRC) of the United Nations was reviewed and incorporated
in the official HRC Professional Staff Report with a note referring to
“corruption of the courts and the legal profession and discrimination by
law enforcement in California.”
[1] 10-10-01 United Nations Human Rights Council Records for 2010 Review
(UPR) of Human Rights in the United States, where Human Rights Alert (NGO)
submission was incorporated with a note referring to "corruption of the
courts and the legal profession and discrimination by law enforcement in
* State of Israel - the 2013 submission of Human Rights Alert to the HRC,
was incorporated into the HRC Staff Report with a note, referring to "the
lack of integrity of the electronic record systems of the Supreme Court,
District Court and Detainees Courts in Israel."
[1] 12-05-10 Appendix I to Human Right Alert's Submission; 15th UPR -
State of Israel: "Integrity, or lack thereof, of the electronic record
systems of the courts of the State of Israel"
11-12-10 Where should Occupy go next? Civil Disobedience in the footsteps
of Thoreau and Gandhi!
http ://
12-06-08 Courts and Judges as racketeering enterprises under RICO (the
Racketeer Influenced and Corrupt Organizations Act) - key element in the
current financial crisis
Secede! The US in its current form is simply unmanageable...
12-01-01 Secession - A Smart Business Move!
Get Up, stand up, stand up for your rights!
Take away justice, then, and what are governments but great bandit bands?
Saint Augustine, Civitas Dei (City of God,4.4)

Joseph Zernik, PhD
Sent from "1984", Iceland-based Internet Service Provider
Human Rights Alert (NGO)
* United States - the 2010 submission of Human Rights Alert to the Human
Rights Council (HRC) of the United Nations was reviewed and incorporated
in the official HRC Professional Staff Report with a note referring to
“corruption of the courts and the legal profession and discrimination by
law enforcement in California.”
[1] 10-10-01 United Nations Human Rights Council Records for 2010 Review
(UPR) of Human Rights in the United States, where Human Rights Alert (NGO)
submission was incorporated with a note referring to "corruption of the
courts and the legal profession and discrimination by law enforcement in
* State of Israel - the 2013 submission of Human Rights Alert to the HRC,
was incorporated into the HRC Staff Report with a note, referring to "the
lack of integrity of the electronic record systems of the Supreme Court,
District Court and Detainees Courts in Israel."
[1] 12-05-10 Appendix I to Human Right Alert's Submission; 15th UPR -
State of Israel: "Integrity, or lack thereof, of the electronic record
systems of the courts of the State of Israel"
11-12-10 Where should Occupy go next? Civil Disobedience in the footsteps
of Thoreau and Gandhi!
http ://
12-06-08 Courts and Judges as racketeering enterprises under RICO (the
Racketeer Influenced and Corrupt Organizations Act) - key element in the
current financial crisis
Secede! The US in its current form is simply unmanageable...
12-01-01 Secession - A Smart Business Move!
Get Up, stand up, stand up for your rights!
Take away justice, then, and what are governments but great bandit bands?
Saint Augustine, Civitas Dei (City of God,4.4)
* "I think it's difficult to find a fraud of this size on the U.S. court
system in U.S. history," said Raymond Brescia, a visiting professor at
Yale Law School who has written articles analyzing the role of courts in
the financial crisis. "I can't think of one where you have literally tens
of thousands of fraudulent documents filed in tens of thousands of cases."
Reuters (Jan 22, 2012)
* “Foreclosure fraud: The homeowner nightmares continue” CNN (April 7, 2011)
* “About 3 million homes have been repossessed since the housing boom
ended in 2006… That number could balloon to about 6 million by 2013”
Bloomberg (January 2011)
* "...a system in which only the little people have to obey the law, while
the rich, and bankers especially, can cheat and defraud without
consequences." Prof Paul Krugman, MIT (2011)
* "...judges tried and sentenced a staggering number of people for crimes
they did not commit."
Prof David Burcham, Dean, Loyola Law School, LA (2001)
* "This is conduct associated with the most repressive dictators and
police states... and judges must share responsibility when innocent people
are convicted." Prof Erwin Chemerinsky, Dean, Irvine Law School (2001)
* "Innocent people remain in prison"
* "...the LA Superior Court and the DA office, the two other parts of the
justice system that the Blue Panel Report recommends must be investigated
relative to the integrity of the system, have not produced any response
that we know of..." LAPD Blue Ribbon Review Panel Report (2006) /
* "...corruption of the courts and the legal profession and discrimination
by law enforcement in California." United Nations Human Rights Council
Staff Report (2010)
* "On July 26, 2010, Laurence Tribe, Senior Counsel for the United States
Department of Justice, Access to Justice Initiative, delivered an
important speech to the Conference of Chief Justices, challenging them to
halt the disintegration of our state justice systems before they become
indistinguishable from courts of third world nations." Prof Laurence
Tribe, Harvard Law School (2010), per National Defender Leadership
Institute (2010)
* "What goes on there is more like gulags of centuries ago." ACLU
* "More than 100 law professors have signed on to a letter released today
that proposes congressional hearings and legislation aimed at fashioning
"mandatory and enforceable" ethics rules for Supreme Court justices for
the first time. The effort, coordinated by the liberal Alliance for
Justice, was triggered by "recent media reports," the letter said,
apparently referring to stories of meetings and other potential conflicts
of interest involving Justices Antonin Scalia and Clarence Thomas among
others." More than 100 law professors, as reported by the Blog of the
Legal Times (February 2011)
* "The American legal system has been corrupted almost beyond
recognition..." Chief Judge, US Court of Appeals, 5th Circuit, Edith
Jones, speaking before the Federalist Society of Harvard Law School
(February 2003)
* In a speech in Georgetown University, Senator Leahy, Chair of the Senate
Judiciary Committee called for a "Truth and Reconciliation Commission" on
the US Department of Justice. Transcript of Senator Leahy speech (2009)

* * * *

Saturday, February 9, 2013

Rig Sports go to Jail, Rig World Banks Get Rich

Steal a candy bar and maybe you can even get jail time. Steal trillions, more than has been stolen in the history of the world, and if you an international banker, you get rich, and all the little people become your debt slaves. 

Text with below video:

Every week Max Keiser looks at all the scandal behind the financial news headlines. 
Max Keiser and Stacy Herbert discuss the wicked web that has been weaved when banksters first set out to deceive, the first law of thermo-derivatives which states that risk cannot be destroyed and the hot tub of fraud in which the taxpayer-owned Royal Bank of Scotland weaves its web of deception. In the second half of the show, Max Keiser talks to Mitch Feierstein, author of Planet Ponzi, who shows us what the Fed's $3 trillion balance sheet would look like in a briefcase and the Central Banking bag of tricks that include: divert and deflect, delay and pray and extend and pretend.

* * * *

Steven G. Erickson's video uploads are [found here]

* * * *

Debt crisis looming as Washington 'hides the real fiscal cliff numbers’


The US national debt is twenty times higher than is officially reported, approaching $222 trillion, and today’s children could soon be paying their parent’s debts, reputed American economist Laurence Kotlikoff told RT.
­According to Kotlikoff, the true extent of the growing fiscal gap has been concealed by Washington for years, a process that could ultimately result in debt disaster: China and Japan, top American money-lenders, could simply stop the cash flow.
Moreover, in the last few years the Federal Reserve has raised the base money cap from $800 billion to $3 trillion, creating the foundation for possible hyperinflation, Kotlikoff said. The whole situation remains unnoticed by the public while politicians try to avoid the problem, leaving it to future generations to reach a solution.
RT: Laurence Kotlikoff, Economics Professor at Boston University, pleasure to have you with us today.
Laurence Kotlikoff: It’s great to be with you and great to be in Russia.
RT: You’re the one who stated that America is rogue and in even worse state than Greece and Ireland. How so? What exactly do you mean by that?
Laurence Kotlikoff: Well, we economists look at all the bills the government has to pay, and in the US case we have enormous bills that have been kept off the books. They’re not the official debts, but they are very real. For example, paying me my social security benefits, my old-age pension – that’s a real obligation. It’s not part of the official government debt, but it’s very important because there are 78 million baby boomers who’re going to get their social security payments, and, in addition, medical payments from the government. If you look at all those payments, they are about $3 trillion a year. So we have these huge bills, nobody has thought about paying for them, and Congress and the presidents over the years have just focused on official debt, and basically have not told the public about these big bills.
RT: You said the amount of the fiscal gap in the United States is, in your estimation, $222 trillion. This is an astonishing number, which is like three times the world GDP. This is more than what the world makes.
LK: Twenty times higher than the official debt in the hands of the public, which is $11 trillion. So if you add all the spending obligations into the distant future, and you compare them with all the taxes, and you include in the spending all the interest payments, and principal payments on the debt, and the official debt, you have $222 trillion of present value. Now, this is 12 per cent of GDP on an ongoing basis, and we need to get 12 per cent more in GDP either in tax increases or spending cuts in order to have the fiscal gap in zero.
We’re doing far too little, too late. It’s like operating on a person with cancer, and you say, “Well, there’s a big tumor here, we’re just going to take a little bit out today, and we’ll come back in five years, and we’ll take out some more.” But maybe in five years the patient is dead because the tumor got bigger. So this is why we are in worse shape than Greece – in Greece, it’s about 10 per cent of GDP they need on an ongoing basis, in Italy it’s about 5 per cent, in Germany it’s about 5 per cent. So when you look at it from this perspective, it’s a whole different story than if you look just at the official debt because these governments are making choices what to call official obligations, and what to call unofficial.
RT: So are they intentionally hiding the enormity of it?
LK: They’re intentionally hiding this. They’ve been spending in our country six decades, running a massive Ponzi scheme, taking from young people, giving to old people, and then telling the young people, “Don’t worry, you’ll get yours when you’re old,” promising pensions, promising healthcare benefits. And you know this is happening in all countries. Russia has a pension system, but it doesn’t seem to be in better shape than ours in terms of paying for its benefits in the future.
RT: I mean, this number – $222 trillion – where exactly is this money going, who is spending it? I mean, certainly not the average American. What is it, 1 per cent of the superrich? The military?
LK: Well, you’ve got a lot of old people now, they are getting very high benefits, about $30,000 per person. It’s scheduled to go up to $40,000 when I retire, which is about 15 years. So you see we’re just very generous to the old people in our country.
RT: What do you suggest: cut spending, raise taxes? They would be suicidal to any American president.
LK: If we’re running the country, we have to act like adults because our main responsibility as adults is to make sure our kids have a good future. So we have to reduce the growth rate of the benefits to the elderly, and that requires being much more careful about how much we spend on healthcare because the healthcare benefits have been growing at twice the growth rate of per capita GDP for 40 years. So it can’t continue because it’s going to kill the country. We have a huge problem, it’s being hidden, it’s not being described and discussed and disclosed.
RT: You just mentioned that you need to take care of the future generations, ‘clash of generations’ was the term you used to describe what future awaits the American children paying up the debts of their fathers, but the United States when you look at it, really has lived on debt ever since WWII, and increasingly so in the past 30 years, and they have somehow managed not to collapse. Why do think that the new generation will manage it?
LK: Well, over time, the official debt will become a bigger and bigger share of GDP, and at some point the Chinese and other people will stop lending us money, and our interest rates will go up dramatically. We’ll have a bond market collapse and, at that point, the deficit will get even bigger. The official debt will cumulate even more rapidly. And our government is also printing a lot of money to pay for these bills. So I see big problems, and they might not be in 30 years, they might be in five years or two years. The Chinese and other people start to understand how bad the situation is. And then we will be in situation of Greece where people won’t lend us money and then we will have to make big cuts and everybody will be injured.
RT: You mentioned China and Japan – they top the list of American lenders. It’s more than $1 trillion of US debts. Should they get used to the idea they are not getting their money back? They can’t just come out and say: “Hey, I want part of American GDP.”
LK: If I were anybody – whether Chinese, Japanese or Russian – I would not be buying 30-year US government treasury bonds. They are yielding 3.5 per cent or something right now because we have printed so much money since 2007 – it’s really unbelievable. The Federal Reserve has tripled what is called ‘the base money’ – the basic money supply, the monetary base. It’s actually gone from $800 billion to about $3 trillion now. This is more than tripled. So we have the basis in place for more than tripling the price level right now. We have created the foundation for hyperinflation. And the baby-boomers have yet to retire. So right now 12 per cent of all the federal spending is based, being financed and paid for by just printing new dollars – that is what is going on.
So we are acting very much like a developing country in terms of actual finances. I have been concerned about this and writing about it and speaking about it since the late ’80s. The other economists said about it as well as some politicians, but it’s getting worse. It’s not like anybody’s actually looking carefully at these numbers. The politicians are looking at the official debt numbers and are not really discussing the magnitude of what is coming.
RT: A lot of people like you who are critical of the current American financial system have come out in the street. The Occupy Wall Street movement voiced their concerns and protests. Do you think a movement like this is actually capable or able to solve real issues or is it just a red herring?
LK: Well, Occupy Wall Street was concerned about inequality, and they were concerned about what Wall Street was actually doing. And I think we need to radically change our financial system because we have too big problems. And this is true in every country including Russia. The traditional banking system, the model, is on a very high leverage. Banks borrow a lot of money, promise to repay and then there is opacity – they take the money and they do something with it but they are not telling you what they are doing with it. So people get very concerned at some points about whether the banks actually can repay. And then you can have runs on the bank, just overnight.
So it’s a very unstable situation when you promise people things and then you don’t show what you are doing with their money. And that’s what happening with Lehman Brothers and Bear Sterns and Merrill Lynch – these companies went under one after the other. Everybody started worrying because they couldn’t see the assets. So what we need to do is get rid of this “faith-based banking”. We need to have no leverage and we have to have transparency. The government has to disclose what the assets are. The government has to do verification and disclosure.
We should have the government agency verify that somebody’s mortgage is actually a reasonable mortgage: that person has a job, that person has an income, that person’s house which is collateral to the mortgage has actually this value. So we should not have any liar loans. And we should also have all the banks become what are called ‘mutual funds’ which just sell shares to these funds. They take all the money on an equity basis. They don’t borrow money – they just sell shares of stock: the money comes in and then they buy these disclosed assets – the mortgages, for example. If you have equity-based finance and then if the mortgages don’t work out, somebody doesn’t repay, the shareholder takes a loss, but the financial intermediary, which is a mutual fund, never fails and never goes bankrupt. So you have a banking system that can never fail. If it’s made of equity finance and mutual funds who are buying transparent fully-disclosed assets – that’s what we need.
The protesters of Wall Street didn’t know what they wanted, but this is what they need. Now what we need is also protesters among the young about their fiscal treatment – that’s a different thing.
RT: That’s the thing. The fiscal cliff and the possibility of America defaulting that we hear a lot around us – is this symptomatic agony or is it maybe artificial political crisis?
LK: I think the young people don’t fully understand how they are being treated. In the debates, in the entire campaign, not one of these two candidates talked about the magnitude of the problem. President Obama said that our social security system, our basic government pension system has a small problem that needs to be tweaked, is what he said. If you actually look at the system and at the trustees report, the thing is 31 per cent underfinanced. So it’s not a small problem. According even to social security actuaries. It’s a huge problem. So he is on a different planet from the reality.
Romney felt we could just lower taxes and get more revenue. So he was equally, you know, crazy on this stuff. And unfortunately we have children whose future is at stake here. And they are also under a lot of pressure in other ways because they are competing with other people all over the world and they are also competing with these new smart machines that are taking people’s jobs away. So in our country when you go to a grocery store or a drug store the checkout person is a machine: there is nobody working there, it’s just a machine these days. There is actually maybe one person to help you use the machine. And that replaced a lot of jobs, so we have young people who are having troubles finding jobs. Even college graduates are having trouble.
RT: Laurence Kotlikoff, thank you very much for a very interesting insight you gave us on the ongoing financial crisis and it’s great to have you with us again.
LK: My pleasure. Thank you.

Monday, February 4, 2013

UN/Central Bank Pre-9/11 Planned Takeover of US

Pre-9/11 police were looking to infiltrate towns, not enforce laws.

I was asked to be a police informant in Stafford Springs, Connecticut, in the 1990's. Gunshot detector microphones and surveillance cameras were illegally being strung from telephone poles back then. The gunshot microphones were actually for recording all conversations within a 100'.

Police were taking inventory of property, guns, assets, and young attractive girls.

Informants were to inform on families so they were processed through the system. In most cases it was just to run citizens through the court system so lawyers make money. Sometime people lost their homes, their children, and even ended up in prison based on police perjury, false reports, and informants lying in statements.

Police were also illegally looking to disarm as many honest citizens as possible. Small business owners, non-Mafia rental property owners, and leaders who were not affiliated with police/lawyers/Town Hall were to be targeted for arrest, property loss, job loss, family breakup, and prison time.

I refused to lie and steal for police, so they used informants to railroad me to prison. [That Story]

My thoughts expanded on in posts and uploaded video. [click here]

Word search my name, Steven G. Erickson

Love, or hate, Alex Jones, if he gets killed or jailed, he is the canary in the coalmine.

I think the Newtown Connecticut Sandyhook Schoolyard shooting is a hoax

Connecticut State Police lie, file false reports, and commit perjury with immunity. I reported Stephen Weatherwax and Kenny Miers (spelling?) to Connecticut State Police for illegally being armed and either selling heroin or crack cocaine. Both were contributing to the delinquency of minors, a felony. Kenny raped a 14 year old at drug and alcohol party. Cops were not after the armed criminals they were after me and other home owning, taxpaying, working, parents.

I told Stafford Springs, Connecticut, State Senator, Anthony "Tony" Guglielmo about police refusing to protect and serve, and about the armed criminal drug dealers being protected by police. I then was arrested and Guglielmo knew I went to prison for telling on cops, by meeting with him. Guglielmo did nothing and covered up for the Connecticut State Police and Connecticut judicial misconduct. Reporting [this] to the FBI has resulted in no questions of me being asked, ever.

stevengerickson AT