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I’m Joe Quinn and this is the SOTT Report
Today I want to talk about two hot topics:
the TSA, pat downs and body scanners
and the banking crisis in Ireland
So first: Ireland and the bailout
I'm not going to get into the economic details
of how the banking system works
It's just too damn complicated
and deliberately so
But it's not hard to see what the final result is
It's the result that banks were set up to achieve in the first place
To use a hysterical war on terror catch phrase
you could say banks are like sleeper cells
Banks have always been about collecting public wealth
storing it and making money off it, right?
But more importantly, they issue loans
They are, essentially
the dead weight that hangs around most people's necks
for most of their lives
But over the past few years, a plan was put in operation
to use the banks to essentially impoverish
the population of any given country
That's what's happening right now in Ireland
And Ireland, being small
is a test case for the same "shock therapy"
that will be administered to other nations later
What we are talking about here is
and always has been
a silent war between the elite
and the ordinary people of this world
Over the past say, 10 years
banks all over the US and Europe
have been pushing loans on people
who really couldn't afford them
In Ireland, I know from personal experience
that within a 10 year period
banks went from financially strip searching loan applicants
to aggressively trying to force loans down their necks
The result was that millions of people
took the offer of a large loan
or a remortgage on their house
In Ireland this was easily done
because the economy was booming
and house prices were ridiculously high
Middle aged couples sitting in houses they had lived in for years
and on which they had long since paid off the mortgage
were urged to remortgage
because of the alleged high value of their property
Many did, took the cash, spent it
and now they're saddled with that debt to the banks
and their house is worth a third of what the banks said it was worth 5 years ago
But what were the banks doing with all those dodgy loans they were handing out?
Here is the way it works:
One bank packages all their loans together
and sells them to another bank
based on the expectation that they will be paid back with interest
The next bank adds on their loans
and sells on to another bank at higher price
to get their cut
And the process continues from bank to bank
and round and round it goes
As they circled the globe
massive alleged value was accrued
on these piles of overinflated loans, shares, etc.
Just to give you an idea
in 2009 the "funny money" value
of these "derivatives", as they are called
was 863 TRILLION dollars
That's many times the actual value of the
economic activity ON THE ENTIRE PLANET!
Banks and financial institutions were combining them together
and trading them with other banks around the world
and other banks around the world
were doing the same with THEIR dodgy loans
But as time went on
and these loan packages were being passed around
it became increasingly obvious that a lot of them
were really risky and not worth anything near
to what they were being sold for
So the banks frantically tried to offload them
until the whole thing inevitably came down
in the subprime crisis of a few years ago
and the banks had to go crying poverty to the government
and the government bailed them out
with public funds
In Ireland's case
the problem is particularly bad
because cheered on by the banks and the government
the Irish people have spent the last 15 years
accepting loans based on banks’ recommendations
that the Irish people were essentially “rolling in it”
In short, the banks and government lied
What a surprise!
They set the Irish people up to be saddled with debt
that they KNEW was not backed by any real wealth
EXCEPT of course, the wealth that is your house, your car
your social welfare system, etc.
So, the banks held all these bad loans
and the Irish government had to assume that debt
and bail out the banks
to the tune of 54 billion euros recently
But that wasn't enough to cover it
and there isn't enough money to finish the job
So, the EU central bank and IMF are called in for a loan
which comes with the small print
that the EU and IMF are allowed to define Irish tax policy
and essentially control the economy
and therefore jobs and government spending
on just about everything
Basically, the "bill" has been left
at the door of the Irish tax payer
But here's the problem:
THERE IS NO BILL!
That was all FUNNY MONEY to begin with! Remember?
863 TRILLION?!
So there's nothing to pay in monetary terms
What the IMF wants the Irish people to pay with
is their quality of living, their jobs
their welfare, their schools, hospitals and everything else
It's "austerity"
which basically means squeezing the population
and making them suffer in order to control them better
THAT is the entire point of this cooked up "economic crisis"
But if you want it in more simple terms
if you want a thought to take away
here is one:
The Irish government has just bailed out the banks
for all those bad loans they made
and profited WITH PUBLIC MONEY!
The Irish people therefore HAVE PAID the banks back!
If the IMF and the EU
are going to take control of the Irish economy
and squeeze it further
then the Irish people should consider
their personal debts null and void
and should collectively REFUSE
to pay back any loans they have outstanding with Irish banks!
Why? Because they've PAID already!
54 billion!
That's 13,000 euros for every man, woman and child in the country!
And there's another 90 billion loan coming from the EU and IMF
that is going to have to be paid back by the IRISH PEOPLE as well!
Failing that, we need mass public demonstrations
and the replacement of the existing government
with individuals who actually care about the people
It's being called The 'freedom grope'
and 'Gate ***' among other things
and people in the US are understandably outraged
that in that alleged land of freedom and democracy
ordinary citizens are being physically assaulted
and scanned with potentially harmful radiation
just so they can get on a plane
First of all, ya gotta love the term they use:
"pat down"
It USED to be a pat down
but that all changed
with the knicker bomber episode last year
I wrote an article on that one
that pretty much summed up what was going on
It's called "The Underwear Bomber, Crushing Freedom with Phony Arab Terrorism"
Do a google search for
"underwear bomber and crushing freedom"
So what was once a pat down
is now more like an intrusive 'feel up'
Does THIS look anything like a pat down?
So it's no surprise that there have been
an increasing number of horror stories
over the past weeks and months
from people attempting to use an airport
Mothers having their children taken away from them
for 'private searches'
Pregnant women having their *** felt
and others being arrested and prosecuted
for the merest sign of protest or dissent
at these humiliating 'pat downs'
that take place in full public view
But what's the back story on this?
How we get here and so fast?
Is it really about security?
The answer is obviously an emphatic NO
What it's REALLY about
is the US government, Homeland Security, money
and the desire to herd the population
to a much finer order of control
I'm not saying this as a result of some conspiracy theory
I'm saying this because THAT IS WHAT IS HAPPENING!
THAT IS THE RESULT!
Everyone knows that in the aftermath of 9/11
the Bush government and congress
passed a swathe of draconian legislation
Everything from the right to detain and imprison
anyone they liked as "enemy combatants" or "domestic terrorists"
to wiretapping American households
and accessing private information
on any and all aspects of a US citizen’s life
Leading the charge in the imposition
of what amounts to the infrastructure of a police state
is Michael Chertoff
former Secretary of Homeland Security
and currently chairman of the privately-owned Chertoff group
It was Chertoff, as Assistant Atttorney General
who oversaw the first white-washed 9/11 probe
It was Chertoff who OK'ed
and then defended the detention
of hundreds of what he called
"material witnesses" of Arab descent
even though it would later be determined
that not ONE of the people detained
had anything to do with terrorism
and were in fact guilty of nothing more
than minor immigration charges
It was Chertoff who oversaw
the Department of Homeland Security's criminal negligence
in the response to Hurricane Katrina
And it is the Chertoff group today
that is doing business
with the main manufacturer
of the airport body scanners
They're called Rapiscan
although I'm not sure if that's pronounced
"Rapiscan" or "***-i-scam"
Incidentally
when Chertoff slipped quietly into private business
he took with him buddies
from the NSA, CIA and Department of Homeland Security
In his own words
he is "doing the same thing he was doing in government
but from the private side"
That means, unaccountable
So, thanks largely to Chertoff
although he's obviously not doing anything
that his former employer doesn't approve of
The enhanced security and body scanners
have been slowly appearing in airports across the US
for the past few years
But, as I said
it was the knicker bomber incident
that really gave the US government and Chertoff
the opportunity to promote them widely
Chertoff gave dozens of media interviews
touting the need for the federal government
to buy more full-body scanners for airports
That's YOUR tax money being used to buy these scanners
and pay more TSA agents
to aggressively feel you up at airports
Think about that
Then more recently we had the terrorist "ink cartridge"
possible, maybe, sort of attack, maybe
There is a LOT about that incident too
that stinks to high heaven of a government-orchestrated event
But perhaps the most telling
was the fact that it happened within THREE DAYS
of senior figures in the British airline industry
including the Chairman of British Airways
saying that Britain should stop "kowtowing"
to excessive US airline security demands
that he said were "completely redundant"
In response to that non-event
the Department of Homeland Security said that Americans
and I quote:
"could expect yet more security in and around air travel
As a precaution
DHS has taken a number of steps to enhance security
Some of these security measures
will be visible while others will not"
I mean, seriously
you couldn't make this stuff up....
although, someone obviously is
Before the deadly cartridge attack
there was a raft of "terror alerts" issued by Washington
concerning a "coordinated terror attack"
against Britain, France and Germany
In response
European intelligence agencies called them "nonsensical"
and the Pakistani High Commissioner to Britain
who is close to Pakistan's president
said that the Americans were
"deliberately exaggerating the threats for political gain"
In this case the "political gain
was the justification
to ramp up the bombing of Pakistani civilians
So the question is:
If they can see it,
and publish it in the press
why can't every American see it too?
By the way
the Afghan Pakistan invasion
and colonisation and bombing thing:
one reason, and one reason only:
[Washington “discovers” $1 Trillion Afghanistan mineral wealth]
Time's almost up here, in more ways that one
But before I go
I want to ask every American watching
but also everyone from any other nation
to stop for a moment and think about
what you imagine a police state to look like
in practical terms
I want you to think
what the loss of your freedoms might look like
in practical terms
Would it be your government claiming
that it had the right to tap your phones
and track your computer activities?
Would it be your government
issuing repeated and phony 'terror alerts'
to scare you into a state of compliance?
Would it be your government
clamping down on your freedom of movement
and treating every citizen like a potential criminal?
Would it involve the suppression of the right to protest
against what are clearly excesses of government?
Look around you
Your freedoms are being taken away from you right now
The only thing that stops you from seeing it clearly
for what it is
is the plausible lie you are told
for WHY the removal of those freedoms is necessary
The plausible lie you have been given
is the 'terrorism threat'
But if you look at that threat in close detail
you'll realise that it is manufactured
that it is a means to an end
and the end is the end of true justice
and freedom
and a world that is fit for normal people to live in
It's the end of a world
that the greatest president in US history
John F. Kennedy, tried to create
It's world that he strove for
and for his efforts,
he was brutally murdered 47 years ago
What kind of a peace do I mean
and what kind of a peace do we seek?
Not a pax Americana
enforced on the world
by American weapons of war
Not the peace of the grave
or the security of the slave
I’m talking about genuine peace
the kind of peace that makes life on Earth worth living
and the kind that enables men and nations to grow
and to hope,
and build a better life for their children
Nor merely peace for Americans
but peace for all men and women
Not merely peace in our time
but peace in all time
Many of the people who murdered Kennedy
are no longer alive
But make no mistake
Their twisted ideology of a dark world
of totalitarianism and effective slavery
for every one of us, lives on
Take a stand now
There may not be another chance
This is a SOTT Report
We'll be back next week
[Sung]: We'll meet again
Don't know where Don't know when
But I know we'll meet again
Some sunny day!