Mysterious deaths at the BBC

mikesmith

If you thought for one minute that the BBC is in anyway as it appears to be, you’re very sadly mistaken.

Behind the comforting British TV façade, lies a paedophile network, so vast and sordid it literally beggars belief.

It’s ringleaders are so dangerous that speaking out about the abuse can lead to murder.

SavileBBCBBC Paedo RingPrince Charles Jimmy Savile

Don’t be fooled into thinking that Jimmy Savile was a lone pervert stalking the broadcast centre.

He wasn’t.

Savile was, in fact, working as a VIP pimp, procuring children to be abused and often murdered, by Royalty, Government and showbiz entertainers.

He managed to hoodwink the British public for over 50 years due to his close links to Prince Philip, the Secret Services and Margaret Thatcher, who were themselves up to their necks in filth of the highest order.

Savile and Philip at Stoke Mandeville

In August 2014, we published the following post:

Former BBC DJ, Mike Smith, has apparently died of heart surgery ‘complications’.

Mike Smith

None of his friends knew he was unwell.

http://www.dailymail.co.uk/news/article-2715085/Mike-Smiths-friends-no-idea-DJ-dying-Ex-colleagues-kept-dark.html

He is the third high-profile BBC name to die in mysterious circumstances this year.

BBC comic, Rik Mayall, also died of a heart-related ‘incident’, despite his wife declaring on the day of his death:

At least we know it’s not his heart as he’s just had a check-up and been given the all-clear.”

https://thecolemanexperience.wordpress.com/2014/06/09/the-mysterious-death-of-rik-mayall/

RikMayall

Rik knew all about the paedophile ring at the BBC which is linked to government and royalty.

Presenter Peaches Geldof started to tweet the names of child-abusers linked to Ian Watkins.

Fearne and PeachesIan Watkins FilthIan Watkins Fearne Cotton

Her close chum at the BBC, Fearne Cotton, used to date Watkins.

Peaches was soon found dead and a heroin-overdose story was concocted to cover-up her murder.

https://thecolemanexperience.wordpress.com/2014/05/01/did-peaches-geldof-really-die-of-a-heroin-overdose/

This was the exact tactic used to kill both Paula Yates and Michael Hutchence, who also knew about Savile and the paedo-ring.

Paula Yates and Peaches GeldofMike Smith Bob Geldof

Mike Smith claimed that he had to fend off the advances of male DJ’s when he worked at the BBC.

http://www.dailymail.co.uk/news/article-2214977/Former-Radio-1-DJ-Mike-Smith-hits-Savile-witch-hunt-dismisses-groping-studio-mucking-about.html

Many DJ’s linked to Savile were predatory homosexual paedophiles, including Joe Meek, Chris Denning and Alun Freeman.

BBC Paedo filthThe Real BBC

Mike Smith and his wife Sarah Greene were nearly killed in 1988 when the helicopter they were in lost power and fell from the sky.

http://news.bbc.co.uk/onthisday/hi/dates/stories/september/10/newsid_2504000/2504243.stm

Mike Smith Sarah GreeneMike Smith Helicopter Crash

Their careers suffered and they were rarely seen on TV again.

By a strange coincidence, Rik Mayall was also nearly killed in a quad-bike accident and again his career never recovered.

Rik Mayall fight for life

It’s a little known fact that the following high-profile names were all killed because they had knowledge of the child-raping ways of the BBC:

  • Jill Dando
  • Kristian Digby
  • Natasha Collins
  • Mark Speight
  • Kevin Greening
  • Paula Yates
  • Rik Mayall
  • Peaches Geldof

Without a shadow of a doubt, these high-profile presenters met their end because they had knowledge of the sordid child-raping activities taking place at the BBC.

In a strange twist, BBC children’s presenter Mark Speight was implicated in the death of his girlfriend Natasha Collins in 2008.

KristianDigbyNatshaCollinsMarkSpeightMark Speight suicide mystery

He subsequently disappeared and was found hanging in a disused section of Paddington Station.

We now know Rolf Harris has been arrested by officers from Operation Yewtree, investigating a paedophile ring at the BBC.

Paedo filth

It transpires that Mark Speight had done a lot of work with Rolf Harris.

Rolf Harris Mark Speight

At Mark’s memorial, Rolf made an emotional and tearful address:

It was joyful to work with Mark.

‘I realise now that I never told him how much I appreciated his programmes.

‘You realise you should always tell people what you think, you should tell them you love them because it might suddenly be too late.’

Rolf sang Sun Arise, backed by a band complete with didgeridoos.

He also did his version of Led Zeppelin’s Stairway to Heaven.”

We know Mark Speight did volunteer work for Childline and was one of their spokesmen and a high-profile campaigner.

Esther NSPCCChildline

Some say Childline is a “front” organisation used to filter out callers who may have been abused by VIP’s.

The coroner who held the inquiry into the deaths of Mark Speight and Natahsa Collins was Paul Knapman.

Paul Knapman

Knapman was responsible for many high-profile inquests during his 30-year tenure including the following:

He was heavily criticised for his bizarre and gruesome handling of the Marchioness riverboat inquest in 1989:

Marchioness Disaster

Chris Pond MP raised serious and urgent questions relating to the conduct of Westminster coroner, Paul Knapman.

He sought to highlight the shocking treatment of families of victims of the Marchioness boat tragedy by the creepy coroner.

For some unexplained reason, Knapman horrifically allowed the victims hands to be cut off and their body parts and tissues to be removed without permission and treated concerned family members with utter contempt.”

Knapman was up to his old tricks again when he claimed that BBC DJ, Kevin Greening, had killed himself in a gay bondage session that went wrong.

Kevin Greening BBC DJ mystery suicide

The murder of Jill Dando has remained conveniently ‘unsolved ‘ for the past 16 years.

Top BBC presenter Jill Dando knew all about the murderous VIP paedophile ring operating at the BBC.

She tried in vain to alert her bosses but was soon shot dead to silence her and warn other journalists to keep their mouths shut.

Jill Dando Daily Star Headline

In the months before her death, Jill was mysteriously befriended by Cliff Richard and Alan Farthing:

In April 1999, BBC presenter Jill Dando was shot in the head at point-blank range on her Fulham doorstep.

To this day the case remains unsolved.

Various theories about her assassination have emerged over the years, the most ridiculous being that she was killed by Serb dissidents.

Barry George, an innocent man, was imprisoned for 8 years and denied compensation when he was eventually released.

Barry George

There have been many (deliberate) procedural mistakes made by the Met Police.

So who really killed Jill Dando?

We now know without a shadow of a doubt that Jill was investigating the VIP paedophile-ring, linked to Government, Royalty and the BBC.

BBC Organised Paedo Ring

Jill was mysteriously befriended by Cliff Richard prior to her death.

Jill and Cliff

Cliff is not quite the celibate, Christian singer he appears to be.

Cliff is very much a tool of the British and Israeli Intelligence Services, and may have lots to tell officers investigating child-abuse in this country.

He has been named as a visitor to the sordid Elm Guest House boy-brothel, where vulnerable boys were trafficked from local care homes to be abused by VIP paedos.

Cliff is also incredibly close to Tony Blair and, according to insiders, the two have been….how can we put this delicately….intimate (what a sickening thought).

Cliff and ToneCliff and Savile

Mysteriously, Cliff was one of the last people to have ever spoken to Jill and was interviewed by police investigators about her murder.

Jill’s fiancée, Alan Farthing, is also an Establishment tool and was roped into the plot to get rid of her.

He was handsomely rewarded by being promoted to the Queen’s personal gynaecologist (an even more sickening thought).

The deaths of BBC presenters Kristian Digby, Mark Speight and Natasha Collins are also linked to the ring.

KristianDigbyNatshaCollinsMarkSpeight

https://thecolemanexperience.wordpress.com/2014/04/03/the-bbc-and-the-paedophile-ring/

Tony Blair is a filthy piece of shit who is about to get his fucking comeuppance for his hand in the deaths of many brave British soldiers and innocent civilians.

Alistair Campbell and Blair

Blair is also employed by Mossad and acts as a conduit between Israel and the UK.

Blair has been blackmailed into his position because of all the dirt Intel have collected on him over the years.

Alastair Campbell was Blair’s dark spin-meister, and is also up to his neck in filth of the highest order.

Campbell was also interviewed by investigators at the time of Jill’s death.

Jill Dando Suspect

Jill’s co-host on Crimewatch, Nick Ross, pretended to grieve over Jill, when he fact he was also party to the conspiracy.

Ross is the brother-in-law of BBC filth, Esther Rantzen, who knew all about Savile.

Nick Ross recently said he’d watch child-pornography given the chance.

Nick Ross Jill DandoEsther Rantzen

The Crimestoppers helpline is owned by Ross and conveniently stopped working following an appeal into the shooting.

Another director is Lord Waheed Alli, who is a major player in the paedophile-ring and works closely with perverted scum, Peter Mandelson and Bob Geldof.”

Charlie Parson Bob Geldof Waheed Ali

Cliff once went on a fact-finding mission with child-rapist Jimmy Savile and Lord Longford:

” One of Myra Hindley’s most famous supporters was Lord Longford, who spent years lobbying for her release. Lord Longford went on a fact-finding mission in the ’70′s to investigate pornography. He took along Jimmy Savile and Cliff Richard.

Jill Dando knew all about the BBC paedo-ring run by Savile and told her close chum Cliff. She was soon shot dead on her doorstep as a warning to others to keep their mouths shut.

Longford was the uncle of Harriet Harman MP, who has recently been embroiled in the recent PIE paedophile scandal.

Harriet Harman's Uncle Lord LongfordNaughty Harriett Harmanchristian-dave-21

Harman is in turn a cousin of Prime Minister David Cameron, who is in turn a cousin of the Queen.

Another high-profile Hindley campaigner was wealthy journo, David Astor who spent 20 years corresponding with her and was close to Longford:

Longford and Astor had known each other since Oxford. Their paths had often crossed in the beaten ways of liberal postwar Britain, and they shared an interest in prison reform. Astor was agnostic, verging on atheist, Longford  a devout Roman Catholic. Both were fascinated by the idea of redemption.”

By a strange coincidence, David Astor was the step-uncle of Samantha Cameron.”

In a bizarre twist, Cliff also owns a home in Portugal, not far from where Madeleine McCann disappeared in 2007.

Gerry and Kate McCann were immediately given high-level support from the UK government and were assigned the help of Clarence Mitchell to act as their spokesperson.

Mitchell was one of the first reporters at the scene of Jill Dando’s murder in Fulham and no doubt works for the UK Intelligence Services.

Clarence Mitchell and McCannsRIP Maddie

The McCann family are themselves from Leicester and Gerry has many friends in high places in the area.

Child-raping scum Greville Janner is from Leicester as is his sicko sidekick Keith Vaz.

Vaz

Another visitor to the Warner holiday complex in Praia de Luz at the time of Maddie’s disappearance was Philip Edmond Hodge, the nephew of Margaret Hodge (yet another Labour peer).

http://paulorebelononeglect.blogspot.co.uk/2012/02/philip-edmonds-hodge.html

Margaret Oppenheimer- Hodge has been implicated in the Islington care home scandal where again thousands of children were abused in council-run care homes.

Despite this scandal leading to the tragic death of Jason Swift, Hodge was never investigated and was instead, quite unbelievably, given the job of Children’s Minster, by Tony Blair.

She is personally responsible for the thousands of children who are stolen from parents each year via the secret court system, where they end up being abused by VIP filth in care homes.”

Hodge filthy cow

https://thecolemanexperience.wordpress.com/2014/03/22/greville-janner-tony-blair-madeline-mccann-margaret-hodge-and-the-vip-child-abuse-connection/

The following comment from Brian Barrough was left on a post:

” My memory is beginning to slip but let me tell you what I know.

Tony Blair received a phone call at approx 11.40am from Paul Condon who was in charge of the Met Police, the name Jill was mentioned as was becoming troublesome.

Catholic Blair

Within 3 days she was killed.

Am I going too far to suggest that we know for definite from other witnesses that Tony Blair as Prime Minister had to ok the deaths of his friend Robin Cooke and Dr David Kelly ( and it is suggested Princess Diana too).

Now Cliff Richard was both giving her information and pumping her for what she knew.

Cliff Richard is ‘owned’ by a Jewish showbiz group and when they said you go sing in Israel he had to go, similarly when he heard through the Kay brothers that he was being served up on a plate to the brutal sexual sadist Lord Boothby.

He was not happy and told Jill Dando he was under great pressure. and went to a health clinic for several days.

Now Jill was researching for a programme on the massive sexual abuse of young boys by older men, but she lied to the BBC saying the prog was to do with sexual health of youngsters.

In fact she was in possesion of many names of some very big people, some are known now but many still have to come out.

Tony Blair was worried this info and Jill’s programme would totally undermine Operation Ore, where he had to bring in a D -notice to protect members of hs cabinet in a damage limitation exercise.

He asked Peter Mandelson to take a back seat and sacked Chris smith. Mandelson said if they had to give names to throw Gordon Brown under the bus.

Tony asked for a dirty smear campaign on Jill’s background could be passed to Mossad-controlled Rupert Murdoch so that newspapers would suddenly discover some very unsavoury facts about Jill which would ruin her credibility and she would be sacked.

Murdoch and Beccie

But the investigation proved she was just a lovely girl and past boyfreinds would say nothing bad even when offered big money to do so.

I believe that to save New Labour, Tony Blair had no choice but to ask for the death of Jill Dando and the police commissioner, Paul Condon agreed “.

Paul Condon

https://thecolemanexperience.wordpress.com/2014/05/10/tony-blair-mossad-jill-dando-cliff-richard-paul-condon-and-the-vip-child-abuse-scandal/

Jill Dando’s death also links to the powerful Israeli-lobby who control Britain behind the scenes.

” The highest judge in the land is Lord David Neuberger.

Neuberger

He used to work at N.M Rothschild and Sons and is married to Angela Holdsworth.

He was responsible for evicting the Parliament Square peace campaign.

In May 2011, while commenting on super injunctions, he said that social media sites like Twitter were “totally out of control” and society should consider ways to bring such websites under control.

http://en.wikipedia.org/wiki/David_Neuberger,_Baron_Neuberger_of_Abbotsbury

By a very strange twist, his wife Angela, was a BBC executive for many years and must have known about Jimmy Savile’s child-raping activities.

She also worked with Nick Ross and Esther Rantzen on the controversial BBC show, Man Alive.

http://en.wikipedia.org/wiki/Man_Alive_(BBC_TV_series)

Savile and Rantzenesther savile

Angela Holdsworth then became the editor of another well-known programme.

That programme was none-other than Crimewatch.

http://www.angelaholdsworth.com/

The phone-hacking judge, Brian Levenson was involved in the trial of Barry George.

Leveson

Some claim the hacking scandal was a deliberate set-up to clamp down on the media.

Times editor, Danny Finkelstein, is the real power behind the Tories and a top Mossad representative.

jc5874 x10845NerYisroelPannelNeverAnAccident

He is also a paedophile apologist and wrote the following article:

‘The dead can’t enter a plea of guilty’.

The article appeared to cast doubt on the abuse claims made against Cyril Smith and Jimmy Savile:

Cyril Smith may have been a monster. But until we have reliable evidence we must not rush to judgment . Can I ask you a question? How do you know, really know, that Jimmy Savile is guilty of child abuse? The truth, let’s face it, is that you don’t.  You are like me. You’ve perhaps heard one or two TV interviews with victims. You’ve read the odd article including some fairly damning quotes. You’ve gathered that there is a police investigation and that, as a result, a number of famous people have been arrested, although oddly always in connection with allegations that have nothing to do with Savile.
And, most of all, you’ve heard people say that he always looked a little fishy and that come to think of it it was a dead giveaway that he always waltzed around in one of those gold lamé tracksuits that paedos love to wear. And that hair. And “now then, now then”. He definitely did it.

Let’s take the case of the Liberal MP Cyril SmithIf Cyril Smith committed these crimes then he is a monster. But I am still attached to that vital word “if”. People in this country are innocent until proven guilty. We cling to that notion: it is a life raft, we have to cling to it.
Yes, the police think he is guilty and the police are worthy of respect. But the police always think the people they charge with offences are guilty; that is why they charge them. Policing proceeds by identifying a suspect and then building the strongest possible case against them. And the more time the police spend on the case, the more convinced they become….every innocent person needs to know they live in a society of due process and the rule of law. And that they can die in peace, without being taken to court in their coffin“.

http://monsterinthewardrobe.blogspot.co.uk/2012/12/the-dead-cant-enter-plea-of-guilty-by.html

Finkelstein was fully aware of the child-rape allegations made against Labour peer, Greville Janner, but, for some unknown reason, posted the following tweet:

Watching Greville Janner in 1970 election prog. Attractive, incisive, intelligent, moderate. How did he not end up one of Lab’s leaders?”

DannytheFink and Greville Jannergreville-janner2

The two were also listed together in the JC as being highly influential in their respective fields:

http://www.thejc.com/jc-power-100/the-jc-power-100-numbers-11-20

Following the death of Jill Dando, a new research centre in her name was formed:

The UCL Jill Dando Institute of Security and Crime Science is the first Institute in the world devoted to Crime Science. Research is concentrated on new ways to cut crime and increase security ” .

By a strange twist, the Board of the Institute is run by none other than Nick Ross and Professor Anthony Finkelstein.

http://www.ucl.ac.uk/jdi/people/tabbed-box/board

Anthony Finkelstein is Daniel Finkelstein’s brother.”

https://thecolemanexperience.wordpress.com/2014/04/16/the-curious-case-of-danny-finkelstein-george-osbourne-william-hague-simon-hughes-cyril-smith-jimmy-savile-greville-janner-and-the-vip-child-abusefew mont-connection/

In October 1996, Chelsea boss Matthew Harding was killed in a helicopter crash.

Matthew Harding

This was shortly before the death of Princess Diana, who also knew about the abuse-ring.

Diana MurderedSavile and DianaJim and Di

Harding funded New Labour and was close to Blair and Mandelson.

He may have stumbled across the paedophile network and it’s links to Mossad and wanted out.

Shortly before his death he made a large donation to the NSPCC for boys abused in care.

Peter Mandelson is the president of the NSPCC.

Mandelson and Hodge

Jill Dando started her own investigation into Matthew Harding’s mysterious death.

A few months later, she was dead too.

Jill grave

In 2002, Mike Smith became embroiled in a legal and financial battle with the agent of his sister-in-law, Laura Greene.

The agent was Jon Roseman.

Roseman’s most famous client was none other than Jill Dando.

How very, very strange indeed.

The clock is ticking on Britain’s dirty secrets.

It’s only a matter of time.

Tick-tock…

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Some Savile Documents from BBC Archives

Cathy Fix the truth will out about BBC covering up for Jimmy Savile

cathy fox blog

The following links and text were left by Mark Salter as an annotation on one of my Freedom of Information Requests to the BBC [5].  The request is not really worthy of note except for Mark’s shared information and annotation.

He writes, (though I have edited it for this blog)

A cursory glance through shortly after I digitised the hardcopy to share found an early indication that Savile might have been up to no good for a long time.

  • Being paid 10 guineas 10 shillings in 1965 by the BBC for “talking to Arthur Murphy about your ideas on outside activities for teenagers who…

View original post 424 more words

By Tom Chatham via Project Chesapeake

Preppers talk about the day when paper currency becomes worthless and how they plan to barter when things fall apart. But, what will most people do when the government check they depend on stops forever more. Over 50% of the people in America now get some kind of government check every month. That is a question that I think many people have not come to grips with yet. At some point, the checks will stop.

Social security and Medicare are running dry fast and it is only a matter of time before they stop paying out in whole or in part. If someone relies on these payments then they likely do not have sufficient money stored away to survive on in the event payments stop.

Not only that, the many other entitlement payments sent out monthly that are keeping the population clothed, fed and housed will stop at some point as well. When that happens we already know what the result will be, especially in the cities. It is inevitable but many people still trust the government line and do not worry about it.

There are those that realize the threat but have not taken any action to mitigate the problems that will result when the fateful day comes. Many hope it will be forestalled for their lifetimes and some hope if they ignore it, it simply will not happen. If government checks stop it will also mean the destruction of retirement plans and savings accounts and if you do not hold it you will not have it.

One of the most vulnerable groups are the babyboomers that are now retiring at the rate of 10,000 per day. If this growing group suddenly loses their monthly check along with most or all of their savings, it is going to put a lot of pressure on society as these people suddenly try to return to the job market to survive.

With the job market shrinking on a daily basis it is now imperative to develop a backup plan to generate some type of income when you can no longer rely on past promises to be honored. If you can store away some real money or valuable items to utilize later that is great but that will not last you forever.

Anyone that survives the coming currency crisis will be someone that planned ahead and had some way to generate income after everything falls apart. If you can generate income to live on, be it money, food, medicine or some other item you need, you will be able to care for yourself for the duration.

That is going to be a critical element in any long range plan you come up with. This means you will need to have the ability to produce something of value that society will need on a daily basis. The first things people seek out are food, shelter and clothing. Having some abilities in one or more of these areas will be the closest thing to guaranteed sales potential that you can get.

Once these needs have been met by society other things will become important such as energy, security, transportation and medicine. Having some abilities in one or more of these areas will insure income for a long time to come as society rebuilds itself.

If you have abilities in a primary need and a secondary need, you will be way ahead of the majority of the people seeking to survive the chaos that follows the loss of jobs and a functional currency.

This plan could be as simple as growing a small garden to have vegetables and seeds to sell. At the same time it would be little trouble to add a few medicinal plants to your plot. You might be able to offer shelter in the form of a spare room or a cottage in your back yard. You could combine this with transportation or security services. In a breakdown of services, energy would be heavily affected. If you had the ability to produce electricity for refrigeration or ice production or the ability to power a vehicle with a wood gas system, you would have a valuable commodity. The ability to make small wood stoves for people without power would give you a large market for this type of appliance.

It is important to think about all of the systems we rely on every day that people take for granted. This will give you a large list of potential goods or services that you may be able to provide after these things become difficult to get. A few dozen chickens producing eggs in your backyard could be the difference between getting by and suffering terribly.

It is also important to think about the support systems you will need to supply the raw materials to produce your goods or services. Chickens need feed. Wood gas producers need a supply of wood. Making wood stoves requires steel. Growing a garden requires not only the knowledge but seeds, tools and fertilizer.

It is important to keep in mind that retirement is a relatively new invention that came about in the 20th century. Until then, people worked until they literally dropped dead. When the current financial system breaks permanently, people will be forced to go back to work and keep doing so until the day they die. That is the reality many people will have to face in the near future. It is a reality that many have not considered and do not want to think about. You can ignore reality, but you cannot ignore the consequences of ignoring reality. When the government checks stop and your savings are gone, what will you do?

Continue reading

The Complete Breakdown Of Every Hillary And Bill Clinton Speech, And Fee, Since 2013

So due to popular demand, we appended to the 2013 speech detail first released last week the full breakdown of Hillary’s and Bill’s 2014 and 2015 speeches which had been provided previously as part of her mandatory disclosure in May of this year.

As Politico cautions, the disclosure omits an unknown number of speeches that the Clintons delivered while directing the payment or honoraria to the Clinton Foundation, despite instructions on the and guidance from the U.S. Office of Government Ethics, saying that honoraria directed to a charity should be reported.

Still, as readers will note, even the “modest” data that Hillary chose to share is quite stunning.

We hope it will surprise nobody that the bulk of speeches were bought and paid for by Wall Street and affiliated “financial entities” because that’s what hollow populist pandering is all about – pretending to be an “everyday American” while getting paid tens of millions by Wall Street and America’s biggest corporations.

How many millions?

Since 2013 Bill Clinton has been paid $26.6 million for 94 speeches; Hillary’s grand total is slightly less: $21.7 million for 92 private appearances.

Below we present the full breakdown of every publicly disclosed speech event by Hillary Clinton, together with the associated fee.

And likewise for Bill Clinton:

And a visual way of showing the above data.

Hillary:

Bill:

Source: Hillaryclinton.con and Politco

Bonus footage: sometime in addition to hundreds of thousands of dollars for speeking for 50 minutes, Hillary would also get a shoe as an added bonus:

11 Red Flags As We Enter The Pivotal Month Of August 2015

Red Flags - Public Domain

Are you ready for what is coming in August?  All over America, economic, political and social tensions are building, and the next 30 days could turn out to be pivotal.  In July, we saw things start to turn.  As you will read about below, a major six year trendline for the S&P 500 was finally broken this month, Chinese stocks crashed, commodities crashed, and debt problems started erupting all over the planet.  I fully expect that this next month (August) will be a month of transition as we enter an extremely chaotic time in the fall and winter. 

Things are unfolding in textbook fashion for another major global financial crisis in the months ahead, and yet most people refuse to see what is happening.  In their blind optimism, they want to believe that things will somehow be different this time.  Well, the coming months will definitely reveal who was right and who was wrong.  The following are 11 red flag events that just happened as we enter the pivotal month of August 2015…

#1 Puerto Rico is going to default on a 58 million dollar debt payment that is due on Saturday.  Even though this has serious implications for the U.S. financial system, Barack Obama has said that there will be no bailout for “America’s Greece”.

#2 As James Bailey has pointed out, the most important trendline for the S&P 500 has finally been broken after holding up for six years.  This is a critical technical signal that will likely motivate a significant number of investors to sell off their holdings in the weeks ahead.

#3 The IMF is indicating that it will not take part in the new Greek debt deal.  As a result, the whole thing may completely fall apart

Leaked minutes of the fund’s latest board meeting, which took place on Wednesday, showed staff “cannot reach agreement at this stage” on whether to take part in the new €86bn (£60bn) bailout for Greece. The document said there were doubts over the capacity of the Athens Government to implement economic reforms, as well as the over the sustainability of the country’s sovereign debt pile, which is now projected to hit 200 percent of GDP.

 

The German Chancellor, Angela Merkel, only sanctioned a new Greek deal earlier this month on the condition that the IMF takes part.

#4 Italy is going down the exact same path as Greece, but Italy is going to be a much larger problem for Europe because it has a far, far larger economy.  This week, we learned that youth unemployment in Italy has reached a 38-year high of 44 percent, and Italy’s debt to GDP ratio has now hit 135 percent.

#5 The Canadian economy has officially entered a new recession.  This is something that was not supposed to happen.

#6 The price of oil plummeted close to 20 percent during the month of July.  It was the worst month for the price of oil that we have seen since October 2008, which just happened to be during the height of the last financial crisis.

#7 Commodities just had their worst month in almost four years.  As I have written about previously, we witnessed a collapse in commodity prices just before the stock market crash of 2008 too.

#8 Thanks to Barack Obama, the U.S. coal industry is imploding, and some of the largest coal producers in the entire country have just announced that they are declaring bankruptcy

On Thursday, Bloomberg reported that the biggest American producer of coking coal, Alpha Natural Resources, could file for bankruptcy as soon as Monday.

 

Competitor Walter Energy filed for bankruptcy earlier this month, and several others have done the same this year.

#9 For the month of July, the Shanghai Composite Index was down 13.4 percent.  Despite unprecedented government intervention to prop up the market, it was the worst month for Chinese stocks since October 2009.

#10 A major red flag that a recession in the United States is fast approaching is the fact that Exxon Mobile just announced their worst earnings for a single quarter since 2009.  Compared to the same time period one year ago, Exxon Mobile’s earnings were down 51 percent.

#11 Chevron is another oil giant that has seen earnings plunge.  In the second quarter of this year, Chevron’s earnings were down an eye-popping 90 percent from a year ago.

And in this list I didn’t even mention the economic chaos that is happening down in South America.  For full coverage of that, please see my previous article entitled “The South American Financial Crisis Of 2015“.

To a certain extent, I can understand why most Americans are not alarmed about the months ahead.  The relative stability of the past several years has lulled most of us into a false sense of security, and the mainstream media is assuring everyone that everything is going to be just fine and that brighter days are ahead.  At this point, many believe that it is patently absurd to suggest that we could see an economic collapse in 2015.  But of course even though the signs were glaringly apparent, very few of us anticipated the financial crisis of 2008 either.

A few weeks ago, I authored a piece entitled “The Last Days Of ‘Normal Life’ In America“, and I stand by every single word of that article.  I truly believe that the era of debt-fueled prosperity that we have been enjoying for so long is coming to an end, and our standard of living will never again get back to this level.

Just yesterday, I had the chance to go over and stock up on some emergency supplies at a dollar store.  It always astounds me what you can still buy for a dollar.  The combined cost of raw materials, manufacturing, packaging, shipping and retailing most of these items shouldn’t be less than a dollar, but thanks to having the reserve currency of the world we are still able to go to these big box stores and fill up our carts with lots and lots of extremely inexpensive merchandise.

Unfortunately, this massively inflated standard of living is going to come crashing to a halt.  This next financial crisis is going to destroy the system that is currently producing such comfortable lifestyles for the vast majority of us, and that will be an extremely painful experience.

So enjoy this summer for as long as it lasts.  Even though August threatens to be pivotal, it is going to be nothing compared to what will follow.

Fall and winter are coming.

Prepare while there is still time to do so.

Source: ZeroHedge.com

Submitted by Michael Snyder via The Economic Collapse blog,

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Zoe Konstantopoulou’s speech in the Greek Parliament on 22 July 2015: The complete subordination of a democratic country to the will and demands of other governments is not an agreement

Admittedly the politically and personally painful moments which we have experienced in parliament during this term are multiplying.

In my capacity as Speaker of the House, I sent a letter to the President of the Republic, Mr. Prokopis Pavlopoulos and to Prime Minister Alexis Tsipras (see in French :http://cadtm.org/Lettre-de-Zoe-Konstantopoulou-Le), noting that it is my institutional responsibility to emphasize and underline that the conditions this bill is being introduced under allow no guarantees of compliance with the constitution, no protection of the democratic process or the exercise of legislative power of parliament, nor a conscientious vote by members of parliament (see post-scriptum in http://cadtm.org/Greece-The-Consequences-of-the). Those conditions are blatant blackmail by foreign governments of European Union member States on this government and on the members of parliament. The legal measures are introduced without any possibility of amendment by the parliament as was acknowledged by the Justice Minister, whom I honor and respect deeply, as he knows; their implementation would result in a major intervention in the functioning of justice and the exercise of the fundamental rights of the citizens, tearing down both the functioning of Greek democracy as a social state under the rule of law in which there is a separation of powers according to the Constitution, as well as the preservation of the principle of fair trial.

Ministers are being coerced into introducing legal measures whose contents they do not agree with, but which they are directly opposed to, in this respect the statement by the Justice Minister was telling, and members of parliament are being coerced into voting them, while they too are opposed to their contents, and in this respect every statement by members of parliament in the two parliamentary groups which make up the parliamentary majority was also telling.

All this is happening under the direct threat of a disorderly default and reveal that, in truth, this bill which foreign governments and not the Greek government have chosen as a prerequisite, is an attempt at the completion of a dissolution, since this bill contains a major intervention into the third independent function, which is justice. This bill attempts to undermine the functioning of justice and is lifting basic guarantees to a fair trial and basic and fundamental rights of citizens.

I consider it my institutional duty to react as Speaker of the House as well and to ask my counterparts in all the parliaments of the member States of the European Union, as I have done in the past and as I did in my letter to the President of the European Parliament (see http://cadtm.org/Letter-Addressed-to-President-of ), to react and to take a stand against this dissolution.

Likewise in my letter to the President and the Prime Minister, which I am going to enter in the minutes, I have asked them to formally inform their counterparts of the coercive and forceful conditions under which this vote has occurred.

Minister, I am addressing you in my capacity of the previous parliamentary term. I have addressed you before in this capacity, when I congratulated you for the bills you introduced and especially for your pioneering legislation on the prison system. I am addressing you from the capacity with which I was honored by the parliamentary group of SYRIZA and the current Prime Minister, then opposition leader Mr. Alexis Tsipras, the capacity of the head of the SYRIZA parliamentary group for transparency, justice and human rights and from this capacity I tell you that it is evident that no one in the parliamentary group of SYRIZA endorses the provisions of this bill because the parliamentary group of SYRIZA during the previous period as well, had expressly objected to and strongly opposed this same law, which ironically, is being introduced in an identical form, as it had been introduced by your predecessor Mr Athanassiou, and is being accelerated in a shocking way by the creditors in order to put the nail in the coffin of one more expression of democracy.

Because just like they have attempted to turn the NO of the Greek people into a YES in both the communiqué of the Euro Summit as well as in the previous law introduced here again through emergency procedures last Wednesday, so they are attempting to convert the 93.12% NO of lawyers as recorded in a nationwide referendum for the first time in early December 2014, into a YES.

These deprecating moves against democratic expression are entirely symbolic on the level of a referendum of lawyers and on the level of a nationwide referendum of citizens so that there is no doubt that the message which is being sent by the creditors is that democratic processes are futile, that direct democracy as expressed by citizens or professionals (lawyers, in this case), is irrelevant.
This is a poisonous message for European societies, it is a message that the left and SYRIZA must not allow to be either sent or circulated.

It is clear that what is being attempted is the obliteration of both the government and the parliamentary groups that support it, through blackmail. It is clear that what is being directly questioned is democracy in our country. What is asked of us, what is asked of me, Minister, by the creditors is, in reality, to issue, if I could, a seal that would say, “Greek Parliament” and hand it over to them in order to validate their diktats.

It is not acceptable that after SYRIZA and the committee for justice, rights and transparency struggled so fiercely against the undemocratic manipulation of the 800 pages in the article that was the measures of November 2012, the government be forced by blackmail and humiliation (that is the intention) to now introduce 977 pages, in two articles, one of which contains 1008 articles of the Civil Procedure code and the other 130 articles incorporating a European directive, many of which are 2 and 3 pages long. The government of the left cannot be forced to introduce such abbreviated and condensed, urgent articles, with suffocating deadlines, articles it has consistently denounced in the past.

Minister, I know that by addressing you I am knocking on an open door, because you have consistently fought against such regulations, you have consistently expressed and thoroughly analyzed
all the reasons why this code should have been withdrawn in 2014, and indeed was withdrawn, and that was a great victory not only for the lawyers who put up a struggle in defense of citizens but it was also a huge victory for the citizens’ movements, for all those bodies which were mobilized and it certainly was a huge victory for the main opposition party of the previous period and the opposition as a whole.

This is the victory they want to turn into defeat and destruction in order to once again send the message that we must legislate through fear. Mr Juncker said it today, shamelessly: “fear,” he said, “has led to the agreement”; and is it ever possible for this to be accepted and tolerated in a European Union, which has as its statutory principle the welfare of peoples and societies, the protection of rights and the shielding of democracy?

Minister, the NO of the lawyers on the 2nd and 3d December 2014 meant and still means NO to fast-track foreclosures, NO to auctions and forced expulsions, NO to mock trials on paper to prevent the hearing from proceeding, NO to the further degradation of justice, which is a pillar of democracy, it means NO to a further undermining of the constitutional rights of citizens.

When in the summer of 2014 Mr. Hardouvelis brazenly undertook the obligation to compensate for any consequences of judicial rulings which would annul memorandum provisions, the then opposition, the justice committee and the department of justice of SYRIZA were the first to step forward and say this could not be tolerated. Yet it is that very same bill that is being forced through with blackmail. So it would be good for my colleagues and comrades, whom I honor without exception, not to forget their own commitments and speak of an agreement. Coercion is not an agreement, blackmail is not an agreement, the aim to force the complete subordination of a democratic country to the will and demands of other governments and other countries, is not an agreement.

And we must not forget our commitments because at some point we might forget everything and we might begin referring to the content of this bill as if it was our own. It is not our own, it is not the wish and the will of the government. This is also made evident, Minister, by the fact that you have set up a special committee to examine another draft code of Civil Procedure.

And it is not even the wish of members of parliament, who will vote in favor and belong to parliamentary groups supporting the government. It is not their wish to apply these inhumane measures, which leave citizens (borrowers especially) completely defenceless in front of the banks (see post-scriptum in http://cadtm.org/Greece-The-Consequences-of-the ).

Minister, you know it, but perhaps citizens do not know this well, that the head of the committee that drafted this code was Mr Chamilothoris, who was responsible for the monstrous memorandum law 4055 of 2012, which has been collectively denounced not only by bodies but also by lawyers and representatives of the judiciary and which SYRIZA has pledged to repeal but also, that members of the drafting committee of this legislation which is now being accelerated are legal advisors of the banks. That is who the members of the legislative drafting committee that was formed by the memorandum governments are and there should be no doubt that the objective served is precisely, once more, to hand over of the property of the citizens to the banks, that is the servicing of the banks and the bankers at the expense of citizens.

We must not open the door to allow this objective to be implemented, an objective promoted by the adoption today of this Code of Civil Procedure and here I would ask you specifically and my colleagues who are lawyers, to speak frankly; passing legislation is not a trivial thing, it is not a temporary thing and not a joke. This framework is becoming State law for the first time and indeed, in the form of a code. It is becoming State law that the Greek State is giving way to the banks and ranks after the banks in auction procedures. It is becoming State law that workers give way to the banks and rank after the banks at auctions. It is not enough to say that we vote now and will make sure they will not be applied. When we attempt to stop them from being applied, they will tell us, “but you voted for it”; moreover we know that we ourselves will not be in office permanently, whatever our present position.

This is a piece of legislation that goes into force on 01/01/2016. That proves both that there is no urgency and that it can be discussed under normal conditions but also it raises major concerns in relation to the future aspirations and achievements of those who seek to overthrow this government and to humiliate the political forces that support it, and to prevent them (us) from standing tall in the minds of citizens and of society.

Colleagues, as a member of parliament for SYRIZA I could never vote for this bill; as one formerly in charge of the committee for the control of parliamentary work in issues of justice, transparency and human rights of the Parliamentary Group of SYRIZA, from which position I fought for three years to stop the memoranda attack on justice and civil rights but also the memoranda orgy of corruption and vested interests, I could never vote for this bill; as a lawyer, I could never vote for this bill and as Speaker of the House, I could never legalize procedures which will make Parliament merely decorative, which waive the guarantee function of Parliament, circumventing the conscience of parliamentarians and ultimately discarding democracy. Thank you.

Translated by Zoe Mavroudi and CADTM.

Source: Cadtm.org
25 July by Zoe Konstantopoulou

Author

Zoe Konstantopoulou Greek human rights lawyer and politician of the Coalition of the Radical Left (Syriza). On 27 January 2015 she was nominated Speaker of the Hellenic Parliament. She was elected to the post on 6 February 2015 with the record number of 235 out of 300 votes

Other articles in English by Zoe Konstantopoulou (6)

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Greek debt audit – Definition of terms

Cephas Lumina

The mandate of the Truth Committee on Public Debt is to examine the nature and extent of the country’s public debt, as well as the processes relating to the contracting and/or accumulation of the debt and the impact of the cuts or changes in the provision of public services, programmes and benefits by the Government on the human rights and well-being of all people living in Greece, in order to identify what share of the debt can be considered as illegitimate, illegal, odious or unsustainable and thus unpayable. In this context, it was important that the Committee should have a shared understanding of these terms. To this end, the Committee created a small working group to propose definitions of the terms which would inform its work.

The working group reviewed the various definitions of the terms as used by various scholars, debt relief campaigners and others and proposed some definitions which were subsequently discussed and adopted by the Committee. These definitions, which provided the framework for the assessment of the debt undertaken by the Committee over the last month or so, are the following:

“Illegitimate debt”

Debt that the borrower cannot be required to repay because the loan, security or guarantee, or the terms and conditions attached to that loan, security or guarantee infringed the law (both national and international) or public policy, or because such terms or conditions were grossly unfair, unreasonable, unconscionable or otherwise objectionable, or because the conditions attached to the loan, security or guarantee included policy prescriptions that violate national laws or human rights standards, or because the loan, security or guarantee was not used for the benefit of the population or the debt was converted from private (commercial) to public debt under pressure to bailout creditors.

“Illegal debt”

Debt in respect of which proper legal procedures (including those relating to authority to sign loans or approval of loans, securities or guarantees by the representative branch or branches of Government of the borrower State) were not followed, or which involved clear misconduct by the lender (including bribery, coercion and undue influence), as well as debt contracted in violation of domestic and international law or had conditions attached thereto that contravened the law or public policy..

“Odious debt”

Debt, which the lender knew or ought to have known, was incurred in violation of democratic principles (including consent, participation, transparency and accountability), and used against the best interests of the population of the borrower State, or is unconscionable and whose effect is to deny people their fundamental civil, political, economic, social and cultural rights.

“Unsustainable debt”

Debt that cannot be serviced without seriously impairing the ability or capacity of the Government of the borrower State to fulfil its basic human rights obligations, such as those relating to healthcare, education, water and sanitation and adequate housing, or to invest in public infrastructure and programmes necessary for economic and social development, or without harmful consequences for the population of the borrower State (including a deterioration in the living standards). Such debt is payable but its payment ought to be suspended in order to allow the state to fulfil its human rights commitments.


In closing, I would like to underscore three points:

First, there are historical precedents for invocation of one or more of these principles to relieve a country of the burden of repaying debts incurred in questionable circumstances. For example, after the Spanish-American War of 1898, the United States contended that neither Cuba nor the United States should be held responsible for the debt incurred by the Spanish colonial government in Cuba if it had been contracted without the consent of the Cuban people and had been not been used for their benefit. Although Spain never accepted this argument, it assumed responsibility for the Cuban debt under the Treaty of Paris signed between the United States and Spain on 10 December 1898. In the Tinoco Arbitration of 1923, the arbitrator (United States Supreme Court Chief Justice William Taft) ruled that credits knowingly extended to a country for a dictator who used the money for his personal purposes should not be recoverable. More recently, the odious debt doctrine has been invoked to support calls for debt cancellation in Rwanda, Iraq and Nigeria.


Second, the need to uphold social and economic justice is central
to all of these definitions. In this regard, it should be recalled that the Universal Declaration of Human Rights proclaims that “[e]veryone has the right to a standard of living adequate for the health and well-being of himself and of his family, including food, clothing, housing and medical care and necessary social services, and the right to security in the event of unemployment … or other lack of livelihood in circumstances beyond his control” (Article 25) and that “[e]veryone is entitled to a social and international order in which the rights and freedoms set forth in (the) Declaration can be fully realized” (Article 28). In my view, the lack of transparency and accountability in lending and borrowing decisions makes it difficult for States to establish the conditions within which these ideals can be fully realized.


Third, the definitions employed by the Committee should be seen as an essential element of the quest for an equitable and enduring solution to the debt problem
that is consistent with the broadly accepted principle of the shared responsibility of creditors and debtors for preventing and resolving unsustainable debt situations.

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