Archive | November 21, 2014

One Public Bank’s Success Story Outperforms Goldman Sachs*

One Public Bank’s Success Story Outperforms Goldman Sachs*

By Ellen Brown

While 49 state treasuries were submerged in red ink after the 2008 financial crash, one state’s bank outperformed all others and actually launched an economy-shifting new industry. So reports the Wall Street Journal this week, discussing the Bank of North Dakota (BND) and its striking success in the midst of a national financial collapse led by the major banks. Chester Dawson begins his November 16th article:

It is more profitable than Goldman Sachs Group Inc., has a better credit rating than J.P. Morgan Chase & Co. and hasn’t seen profit growth drop since 2003.

Meet Bank of North Dakota, the U.S.’s lone state-owned bank, which has one branch, no automated teller machines and not a single investment banker.

He backs this up with comparative data on the BND’s performance:

[I]ts total assets have more than doubled, to $6.9 billion last year from $2.8 billion in 2007. By contrast, assets of the much bigger Bank of America Corp. have grown much more slowly, to $2.1 trillion from $1.7 trillion in that period.

. . . Return on equity, a measure of profitability, is 18.56%, about 70% higher than those at Goldman Sachs and J.P. Morgan. . . .

Standard & Poor’s Ratings Services last month reaffirmed its double-A-minus rating of the bank, whose deposits are guaranteed by the state of North Dakota. That is above the rating for both Goldman Sachs and J.P. Morgan and among U.S. financial institutions, second only to the Federal Home Loan Banks, rated double-A-plus.

Dawson goes on, however, to credit the BND’s remarkable performance to the Bakken oil boom. Giving his article the controversial title, “Shale Boom Helps North Dakota Bank Earn Returns Goldman Would Envy: U.S.’s Lone State-Owned Bank Is Beneficiary of Fracking,” he contends:

The reason for its success? As the sole repository of the state of North Dakota’s revenue, the bank has been one of the biggest beneficiaries of the boom in Bakken shale-oil production from hydraulic fracturing, or fracking. In fact, the bank played a crucial part in kick-starting the oil frenzy in the state in 2008 amid the financial crisis.

That is how the Wall Street-owned media routinely write off the exceptional record of this lone publicly-owned bank, crediting it to the success of the private oil industry. But the boom did not make the fortunes of the bank. It would be more accurate to say that the bank made the boom.

Excess Deposits Do Not Explain the BND’s Record Profits

Dawson confirms that the BND played a crucial role in kick-starting the boom and the economy, at a time when other states were languishing in recession. It did this by lending for critical infrastructure (roads, housing, hospitals, hotels) when other states’ banks were curtailing local lending.

But while the state itself may have reaped increased taxes and fees from the oil boom, the BND got no more out of the deal than an increase in deposits, as Dawson also confirms. The BND is the sole repository of state revenues by law.

Having excess deposits can hardly be the reason the BND has outdistanced even JPMorganChase and Bank of America, which also have massive excess deposits and have not turned them into loans. Instead, they have invested their excess deposits in securities.

Interestingly, the BND has also followed this practice. According to Standard & Poor’s October 2014 credit report, it had a loan to deposit ratio in 2009 of 91%. This ratio dropped to 57.5% in 2014. The excess deposits have gone primarily into Treasuries, US government agency debt, and mortgage-backed securities. Thus the bank’s extraordinary profitability cannot be explained by an excess of deposits or an expanded loan portfolio.

Further eroding the Dawson explanation is that the oil boom did not actually hit North Dakota until 2010. Yet it was the sole state to have escaped the credit crisis by the spring of 2009, when every other state’s budget had already dipped into negative territory. Montana, the runner-up, was in the black by the end of 2009; but it dropped into the red in March of that year and had to implement a pay freeze on state employees.

According to Standard & Poor’s, the BND’s return on equity was up to 23.4% in 2009 – substantially higher than in any of the years of the oil boom that began in 2010.

The Real Reasons for Its Stellar Success

To what, then, are the remarkable achievements of this lone public bank attributable?

The answer is something the privately-owned major media have tried to sweep under the rug: the public banking model is simply more profitable and efficient than the private model. Profits, rather than being siphoned into offshore tax havens, are recycled back into the bank, the state and the community.

The BND’s costs are extremely low: no exorbitantly-paid executives; no bonuses, fees, or commissions; only one branch office; very low borrowing costs; and no FDIC premiums (the state rather than the FDIC guarantees its deposits).

These are all features that set publicly-owned banks apart from privately-owned banks. Beyond that, they are safer for depositors, allow public infrastructure costs to be cut in half, and provide a non-criminal alternative to a Wall Street cartel caught in a laundry list of frauds.
It traditionally extends credit, or invests directly, in areas other lenders shun, such as rural housing loans.

. . . [R]etail banking accounts for just 2%-3% of its business. The bank’s focus is providing loans to students and extending credit to companies in North Dakota, often in partnership with smaller community banks.

Bank of North Dakota also acts as a clearinghouse for interbank transactions in the state by settling checks and distributing coins and currency. . . .

The bank’s mission is promoting economic development, not competing with private banks. “We’re a state agency and profit maximization isn’t what drives us,” President Eric Hardmeyer said.

. . . It recently started offering mortgages to individuals in the most underserved corners of the state. But Mr. Hardmeyer dismisses any notion the bank could run into trouble with deadbeat borrowers.

“We know our customers,” he said.

“You’ve got to understand the conservative nature of this state. Nobody here is really interested in making subprime loans.”

Dawson describes some other unique aspects of the BND’s public banking model:

The Downsides of a Boom

The bank’s mission to promote economic development could help explain why its return on equity has actually fallen since the oil boom hit in 2010. The mass invasion by private oil interests has put a severe strain on the state’s infrastructure, forcing it to muster its resources defensively to keep up; and the BND is in the thick of that battle.

In an August 2011 article titled “North Dakota’s Oil Boom is a Blessing and a Curse“, Ryan Holeywell writes that virtually all major infrastructure in the boom cities and counties is strained or exhausted. To shore up its infrastructure needs, the state has committed hundreds of millions of dollars in revenue. Meanwhile, it is trying to promote industries other than oil and gas, such as companies involved with unmanned aircraft, manufacturing associated with wind energy equipment, and data centers; but the remoteness of the western part of the state, along with the high cost of labor, makes doing business there complicated and expensive.

Hydrofracking, which has been widely attacked as an environmental hazard, is not as bad in North Dakota as in other states, since the process takes place nearly two miles underground; but it still raises significant environmental concerns. In 2011, the state levied $3 million in fines against 20 oil companies for environmental violations. It also undertook a review of industry regulations and was in the process of doubling its oil field inspectors.

The greatest stresses from the oil industry, however, involve the shortage of housing and the damage to the county road system, which in many places consists of two-lane gravel and dirt roads. Drilling a new well requires more than 2,000 truck trips, and the heavy rigs are destroying the roads. Fixing them has been estimated to require an investment of more than $900 million over the next 20 years.

These are external costs imposed by the oil industry that the government has to pick up. All of it requires financing, and the BND is there to provide the credit lines.

Lighting a Fire under Legislators

What the Bank of North Dakota has done to sustain its state’s oil boom, a publicly-owned bank could do for other promising industries in other states. But Dawson observes that no other state has yet voted to take up the challenge, despite a plethora of bills introduced for the purpose. Legislators are slow to move on innovations, unless a fire is lit under them by a crisis or a mass popular movement.

We would be better off sparking a movement than waiting for a crisis. The compelling data in Dawson’s Wall Street Journal article, properly construed, could add fuel to the flames.


Related Topics:

Vermont Towns Vote to Start a Public Bank that Works for Them*

Public Confidence in British Banks Drops Drastically*

Occupy World: 38,000 Take Class Action Against ANZ Bank!*

It’s Time to Start Watching your Bank Account – G2O is!*

British Banksters Admit to Making Savers Poorer and the Rich, Richer!*

Bankers Say Occupy Londoners are Right!*

Iceland Refused To Bailout Rothschild’s Corrupt Banking Cabal ~ Continues To Grow Using ‘Startups’ vs ‘Outmoded Banks’.

Libya Takes Goldman Sachs to Court*

Cosby Lawyer: Accuser Is Lying Criminal*

Cosby Lawyer: Accuser Is Lying Criminal*

Michael Jackson must be turning over in his grave… déjà vu was the immediate response without even going past the headlines. After all, what would one believe of a mind control entertainment industry that remained silent (because they were threatened) to the recent genocide of Palestinians (Operation Protective Edge), and raise millions (courtesy of a U.S. oligarch) for IDF so they can continue the blood feast.

Spread like wild-fire through the corporate and alternative media, the question is not even did Bill Cosby rape all those women, the question is why do so-called independently thinking alternative media believe that Cosby is guilty? Ferguson has raised deep-seated issues that which elements of the so-called independently thinking alternative media need to address… When Dylan, the daughter of Mia Farrow publicly accused her father film producer Woody Allen of sexually abusing her, the mind control entertainment industry turned a blind eye. When Beyonce admitted on Oprah that Whitney Houston was murdered by the same industry (well she said the Illuminati) nothing more happened. So what’s the real agenda?

Bill Cosby attorney Martin Singer slammed the numerous accusations of sexual assault against his client, saying the comedian has been the victim of a

“media-driven feeding frenzy.”

And he released the criminal record of one of Cosby’s alleged victims, Linda Joy Traitz, which includes charges of criminal fraud and possession of several drugs, including cocaine, Oxycodone, and marijuana.

“People are coming out the woodwork with fabricated or unsubstantiated stories about my client,” Singer said in a lengthy statement.

“This continued pattern of attacks has entered the realm of the ridiculous.”

The statement came shortly after three new accusers came forward Thursday claiming Cosby assaulted them years ago, including Lou Ferrigno’s wife Carla Ferrigno, One Flew Over the Cuckoo’s Nest actress Louisa Moritz, and Florida nurse Therese Serignese.


Related Topics:

MKUltra, Michael Jackson and Widespread Assassinations*

The Mind Control Music Industry: Beyonce*

“The Closer You Look, the Less You See”: The Mind Control Entertainment Industry*

Hollywood Pedophilia on the Line: Corey Feldman Speaks Out*

Malcolm X’s Grandson Baited and Killed

Court Order: The Re-Education of Lauryn Hill for Speaking the Truth!

Gala in California Raised $30+mn for the Israel Defense Forces*

Indigo Children!? Will Smith’s Kids Showing the Other side of being Young Today*

Indigo Children!? Will Smith’s Kids Showing the Other side of being Young Today*

Willow and Jaden Smith are amazing indigo children! I’m so happy they got to do a public interview on their ideas.

I’ve looked at several different versions of the interview, and most pop culture websites wrote about them in the most condescending way.

Of course, mainstream media isn’t going to openly accept ideas of energy, time being non linear and how poorly our school systems are set up.

These two are so brave and helping shift the earth’s consciousness! See for yourself:

What have you been reading?

WILLOW: Quantum physics. Osho.

JADEN: “The Ancient Secret of the Flower of Life” and ancient texts; things that can’t be pre-dated.

I’m curious about your experience of time. Do you feel like life is moving really quickly? Is your music one way to sort of turn it over and reflect on it?

WILLOW: I mean, time for me, I can make it go slow or fast, however I please, and that’s how I know it doesn’t exist.

JADEN: It’s proven that how time moves for you depends on where you are in the universe. It’s relative to beings and other places. But on the level of being here on earth, if you are aware in a moment, one second can last a year. And if you are unaware, your whole childhood, your whole life can pass by in six seconds. But it’s also such a thing that you can get lost in.

WILLOW: Because living.

JADEN: Right, because you have to live. There’s a theoretical physicist inside all of our minds, and you can talk and talk, but it’s living.

WILLOW: It’s the action of it.

What are some of the themes that recur in your work?

JADEN: The P.C.H. being one of them; the melancholiness of the ocean; the melancholiness of everything else.

WILLOW: And the feeling of being like, this is a fragment of a holographic reality that a higher consciousness made.

JADEN: [bursts into laughter] As soon as me and Willow started releasing music, that’s one thing that the whole world took away is, okay, they unlocked another step of honesty.

If these guys can be honest about everything, then we can be more honest.

How have you gotten better?

WILLOW: Caring less what everybody else thinks, but also caring less and less about what your own mind thinks, because what your own mind thinks, sometimes, is the thing that makes you sad.

JADEN: Exactly. Because your mind has a duality to it. So when one thought goes into your mind, it’s not just one thought, it has to bounce off both hemispheres of the brain. When you’re thinking about something happy, you’re thinking about something sad.

When you think about an apple, you also think about the opposite of an apple. It’s a tool for understanding mathematics and things with two separate realities.

But for creativity: That comes from a place of oneness. That’s not a duality consciousness. And you can’t listen to your mind in those times — it’ll tell you what you think and also what other people think.

WILLOW: And then you think about what you think, which is very dangerous.

Do you think of your new music as a continuation of your past work?

JADEN: I think Willow’s had a huge evolution.

WILLOW: I mean, “Whip My Hair” was a great thing. When I look back I think, “Wow, I did so much for young black girls and girls around the world. Telling them that they can be themselves and to not be afraid to be themselves.” And I’m doing that now but in a whole different way, coming from source energy and universal truths.

People will be, like, “Oh, I’m not going to make a song about exactly how I feel, all the bad ways that I feel, and put it out in the world so everyone can judge me.” But for me, it’s a part of me, it’s my artistic journey.

JADEN: That’s another thing: What’s your job, what’s your career? Nah, I am. I’m going to imprint myself on everything in this world

How do you write? What’s your process?

JADEN: She gets in the booth and just starts singing.

WILLOW: I mean, the beat is usually what moves me. Or I think of concepts. Then when I hear a beat that is, like, elaborating on that concept, I just go off.

JADEN: She freestyles and finds out what she likes. Same thing with me.

WILLOW: You piece it together. You piece together those little moments of inspiration.

What are you searching for in those pieced-together moments?

JADEN: Honestly, we’re just trying to make music that we think is cool. We don’t think a lot of the music out there is that cool. So we make our own music. We don’t have any song that we like to listen to on the P.C.H. by any other artist, you know?

WILLOW: That’s what I do with novels. There’re no novels that I like to read so I write my own novels, and then I read them again, and it’s the best thing.

JADEN: Willow’s been writing her own novels since she was 6.

But do your collaborative relationships inspire you in different directions?

JADEN: Totally.

AscensionWILLOW: Me and Jaden just figured out that our voices sound like chocolate together. As good as chocolate tastes, it sounds that good.

How does fashion relate to what you do?

JADEN: Willow just dropped a song (“Cares”), let me quote the lyrics: “I do not care what people say.” We both don’t really care. I like to wear things that I make, but I throw it on as though I was throwing on anything. It looks cool, sometimes.

WILLOW: I like to go to places with my high-fashion things where there are a lot of cameras. So I can just go there and be like, “Yep, yep, I’m looking so sick.” But in my regular life, I put on clothes that I can climb trees in.

What are the things worth having?

JADEN: Something that’s worth buying to me is like Final Cut Pro or Logic.

WILLOW: A canvas. Paint. A microphone.

JADEN: Anything that you can shock somebody with. The only way to change something is to shock it. If you want your muscles to grow, you have to shock them. If you want society to change, you have to shock them.

WILLOW: That’s what art is, shocking people. Sometimes shocking yourself.

You mentioned breathing earlier, and it’s also an idea that recurs in your songs.

WILLOW: Breathing is meditation; life is a meditation. You have to breathe in order to live, so breathing is how you get in touch with the sacred space of your heart.

JADEN: When babies are born, their soft spots bump: It has, like, a heartbeat in it. That’s because energy is coming through their body, up and down.

WILLOW: Prana energy.

JADEN: It’s prana energy because they still breathe through their stomach. They remember. Babies remember.

WILLOW: When they’re in the stomach, they’re so aware, putting all their bones together, putting all their ligaments together. But they’re shocked by this harsh world.

JADEN: By the chemicals and things, and then slowly…

WILLOW: As they grow up, they start losing.

JADEN: You know, they become just like us.

So is the hardest education the unlearning of things?

WILLOW: Yes, basically, but the crazy thing is it doesn’t have to be like that.

JADEN: Here’s the deal: School is not authentic because it ends. It’s not true, it’s not real. Our learning will never end. The school that we go to every single morning, we will continue to go to.

WILLOW: Forever, ‘til the day that we’re in our bed.

JADEN: Kids who go to normal school are so teenagery, so angsty.

WILLOW: They never want to do anything, they’re so tired.

JADEN: You never learn anything in school. Think about how many car accidents happen every day. Driver’s ed? What’s up? I still haven’t been to driver’s ed because if everybody I know has been in an accident, I can’t see how driver’s ed is really helping them out.

WILLOW: I went to school for one year. It was the best experience but the worst experience. The best experience because I was, like, “Oh, now I know why kids are so depressed.” But it was the worst experience because I was depressed.

So what’s next?

JADEN: I have a goal to be just the most craziest person of all time. And when I say craziest, I mean, like, I want to do like Olympic-level things. I want to be the most durable person on the planet.

WILLOW: I think by the time we’re 30 or 20, we’re going to be climbing as many mountains as we can possibly climb.”


Related Topics:

What Some Great Minds Thought of Schooling

Home- Schooling Beats Factory Schooling

The Young Today are Quite Blatantly Going – Gone Crazy*

Are You in Control of Your Mind?

Practical Spirituality for Our Times*

Aligning with the Universal Changes: Your Mind

Tribute to Founder of KKK Stands on Capitol Hill with Dedication in D.C. Statutes*

Tribute to Founder of KKK Stands on Capitol Hill with Dedication in D.C. Statutes*


The KKK has re-entered the news again this week, after the organization threatened to fight protesters in Ferguson, Missouri. Many people pointed out that the KKK enjoys a type of legal immunity and protection that activist and advocacy groups of other varieties do not have.

There is actually a lot of truth to these claims; there is even a monument in Washington DC dedicated to one of the original founders of the KKK.

Despite the fact that the KKK is one of the most rightfully vilified organizations in the world, there is a statue in Washington DC dedicated to Albert Pike. The statue stands on a pedestal near the foot of Capitol Hill, between the Department of Labor building and the Municipal Building, between 3rd and 4th Streets, on D Street, NW.

Pike was also an affluent Freemason, and many Freemasons have vehemently denied that Pike had anything to do with the KKK. However, research published by Walter L. Fleming in 1905 shows definitively that Pike was in fact the original founder of the KKK.

Pike was also president of the Tennessee Bar Association, and had a heavy influence in the legal system even outside the state of Tennessee.

In his book, Ku Klux Klan: Its Origin, Growth and Disbandment, Fleming cited a document called the “KKK prescript” where Pike is featured at the top of a list of KKK leaders, and is given the title of chief judicial officer.

Fleming was himself a racist and a supporter of both Pike and the KKK, and his views were fairly popular at the time, which shows that this research was never intended to be a smear campaign, but a simple biographical research project.

Fleming’s book is considered by historians to be one of the primary sources for research on the KKK, and was applauded by The National Cyclopedia of American Biography and The Dictionary of American Biography.

In the 1990′s, the Albert Pike statue became a controversial topic, with groups protesting at the statue on a weekly basis, and on some occasions even fitting the statue with Klan robes.


Related Topics:

KKK Set Alight a 20 Year Old Woman!*

KKK raising Funds for Officer Who Shot Brown in Ferguson*

Kill A Black Teen And Make Six Figures Soon After

A Communique From Ferguson*

U.S. Killer Cops get Further Training in Israel*

Deputy Police Chief Identified as KKK by the FBI*

U.S. Used Al-Qaeda to Blackmail Yemen*

U.S. Used Al-Qaeda to Blackmail Yemen*

Recently it became known that the United States of Skulduggery blackmailed India into a dangerous, but failing world trade agreement that has not been able to catch all the target countries into its net. With diplomacy and democratic systems out the window, mafia-like methods applied in the Americas and Africa, one begins to understand the same for Yemen.

The United States used the presence of al-Qaeda affiliated terrorist cells in Yemen to blackmail the government in Sanaa, Yemeni president’s adviser Saleh Samad told RIA Novosti Friday.

“Political vacuum in the country at the time when the government was being formed prevented authorities from taking drastic measures and declaring war on terror. The United States used al-Qaeda to blackmail the Yemeni government and impose its diktat authority,” the adviser said.

Samad, who is a key figure in Houthi movement, told RIA Novosti he believed the government must do everything to preserve Yemen’s sovereignty and integrity of its territories, when it comes to US interference and the use of drones to kill terrorist suspects on the Yemeni soil.

In 2012, anti-government protesters in Yemen forced autocratic President Ali Abdullah Saleh to step down after 33 years in power.

Following the power transition in the country, Yemen has seen an increase in terrorist activity, particularly by al-Qaeda fighters. The United States is the only country carrying out UAV operations in the region, after US President George W. Bush launched a drone campaign to eradicate terrorists in 2004.

Yemeni Houthis not Financed by Iran

Iran does not secretly back or finance Yemen’s Houthi movement Ansar Allah that has become part of the national unity government following a series of protests in August, Yemeni president’s adviser from the Houthi organization told RIA Novosti Friday.

Saleh Samad, a key figure in Ansar Allah which translates as “Partisans of Allah”, dismissed the claim that Tehran and Houthis have been working together as “provocations of Saudi Arabia and Americans that are carried out with the help of media campaigns to disseminate the information about our alleged links with Iran”.

Gulf Arab states have accused Iran of providing financial and ideological assistance to Houthi Shiite rebels from a northern Yemeni province, while news agencies have been reporting about Yemeni coast guards intercepting ships from Iran that purportedly carried weapons and military equipment for the Houthis.

“No evidence of this has been presented so far. We share a common goal with the Iranians, Palestinians and the Lebanese which is to oppose the US-Israeli project,” Samad told RIA Novosti.

The Houthis, the main opposition force in Yemen, have been carrying out protests in the country since mid-August, demanding the resignation of the Yemeni government. Houthi militias have taken over many Yemeni cities, including areas of the capital Sanaa. The fighters claim their actions are aimed at protecting civilians from terrorism.

Yemen’s Houthis to Keep Pushing for Government Reshuffle

The Houthi Shiite movement in Yemen has pledged to continue demanding that the newly-formed unity government in Sanaa be reshuffled, a bid they expect to be backed by Yemeni President Abdrabuh Mansur Hadi, the president’s Houthi adviser Saleh Samad told RIA Novosti Friday.

“We still want [a Cabinet reshuffle], and are calling on the president and the prime minister to act on the people’s demand in good faith… A dialogue is better than forcing people to resort to other means [of political struggle],” Samad said.

Earlier in November, the Houthi rebels in Yemen rejected the new government line-up and called for the Cabinet reshuffle, saying it did not meet the “criteria of the peace and national partnership agreement”.

The formation of a new, technocratic government was announced on November 7, as a result of the UN-brokered deal involving the Houthi movement. The United Nations praised the agreement that also called for immediate end to violence in the country.

Hostilities in Yemen have been raging since the 2011 Yemeni revolution that toppled President Ali Abdullah Saleh and started power transition. The Houthis, the main opposition force in Yemen, have been protesting in the country since mid-August, urging economic and political reforms.

In September, Houthi rebels overran many Yemeni cities, including areas of the capital Sanaa. The fighters claim their actions are aimed at protecting civilians from terrorism.


Related Topics:

Europe’s Population ‘Management’ Agenda in Yemen.

The New Middle East vs. the Arab Spring

Israel Satellite Launch to Spy on MidEast *

WWI and the Fruits of Victory in Middle East

Now we Know Why ISIS/L is Destroying Iraq and not Defending Palestine*

U.S. Prolonging Dutch Neo-Colonialism in the Caribbean*

U.S. Prolonging Dutch Neo-Colonialism in the Caribbean*

By Wayne Madsen

It has been the policy of the Barack Obama administration to oppose the granting of independence by European colonial powers to any more territories in the Caribbean. Dutch Prime Minister Mark Rutte told the leaders and people of six Dutch territories in the Caribbean in July 2013 that the Netherlands was prepared to grant independence to the islands but that the United States was adamantly against the idea.

Brennan CIA hearings

Rutte was on a visit to each of the islands when he said that he would personally arrange for the islands to become independent but that the United States insisted on continued Dutch control because of two main factors:

1) that the United States preferred the status quo of having its NATO ally, the Netherlands, stationing more Dutch troops in its Caribbean territories than anywhere else abroad; and

2) the United States wanted the islands to maintain their colonial status to prevent them from falling under «mafia» control. 

Under the present neo-colonial arrangements, Aruba, Curacao and Sint Maarten are considered «countries» in association with the Kingdom of the Netherlands while Saba, Saint Eustatius, and Bonaire are considered overseas «municipalities» of the Netherlands. The status for all the islands, except for Aruba, was arrived at after the dissolution of the Netherlands Antilles territory in 2010.

The Barack Obama administration has been extremely hostile to having new nations appear on the international scene during its tenure. Only one, South Sudan, a long-time pet project of Obama’s National Security Adviser Susan Rice, became independent in 2011. Montenegro and East Timor, along with the largely unrecognized Kosovo, became independent during the George W. Bush administration.

But how far have the Obama administration and the freewheeling Central Intelligence Agency gone in order to prevent any newly-independent nations in the Caribbean? Some suggest that under its thuggish director, John O. Brennan, the CIA engaged in political assassination to help drive home its point.

October 2012 elections in Curacao resulted in a parliamentary majority for political parties that favoured total independence for the island. A coalition of the pro-independence «Pueblo Soberano» and «Movementu Futuro Kùrsou» (MFK) gained the most seats in the Estates of Curacao and they continued in their coalition government with the Social Democrats. In August of that year, the MFK Prime Minister Gerrit Schotte was dismissed by the Dutch-appointed governor, Frits Goedgedrag. The governor refused to allow Schotte to carry on as caretaker prime minister after the defection of two parliamentarians from his ruling coalition.

Curacao was plunged into a constitutional crisis with many pro-independence leaders suspecting not only interference from neo-colonialist Dutch political leaders and the Dutch intelligence services but also from the CIA and Obama administration, which were known to be hostile to any independence moves by the authorities in Willemstad, the Curacao capital. At first, Schotte refused to step down as prime minister, calling Goedgedrag’s actions a coup d’etat. After a few days of holding out in the prime minister’s office in Willemstad, Schotte left to campaign for the October election. Stanley Betrian, a former vice president of the Bank of the Netherlands Antilles and royal-appointed Lieutenant Governor of Curacao under the Netherlands Antilles colonial contrivance, became interim prime minister. Continued Dutch colonial rule was in safe hands for the time being.

Students of CIA-inspired constitutional coups may recall what occurred in Australia in 1975. That year, the Australian Governor General, Sir John Kerr, who was appointed by Queen Elizabeth II, dismissed the Labor government of Prime Minister Gough Whitlam. It was later learned that Kerr had enjoyed a long association with the CIA as one of its most loyal Australian assets. A fierce critic of U.S. and Israeli policies, Whitlam made the CIA and the U.S. National Security Agency uncomfortable when he began asking too many questions about U.S. electronic intelligence-gathering bases near Alice Springs and at other locations. One of the young right-wing activists who rallied student support for Kerr’s actions in deposing Whitlam was Tony Abbott, the current Australian Prime Minister of Australia who threatened to physically assault Russian President Vladimir Putin by «shirtfronting» him at the G20 conference in Brisbane.

What occurred in Curacao in August 2013 was a microcosm of what occurred in Australia in 1975. The same CIA playbook was used in both cases but in Curacao the rules of the game had a bloodier outcome.

After the October 2012 elections in Curacao, many conservative politicians in the Netherlands urged Curacao to be set free because of what they perceived was rampant corruption on the island and alleged mafia connections of former Prime Minister Schotte. It now appears that these charges were red herrings created by the CIA’s obedient media in the Netherlands to give the impression that Curacao and the other Dutch Caribbean islands were ungovernable as independent entities because of a nebulous «mafia» waiting to take over upon independence. Considering the successful independence enjoyed for decades by the former British territories of Antigua and Barbuda, St. Kitts-Nevis, Dominica, and others, the arguments used against independence for the Dutch Caribbean isles were inane and without foundation.

The head of party with the largest vote count in the October 2012 election was Helmin Wiels of «Pueblo Soberano.» The second largest was Schotte’s MFK, which remained in the coalition government headed by Wiels’s party. At the end of October 2012, Wiels announced that a referendum on independence would be held. He also said that upon passage of the referendum, he would begin negotiations with the Netherlands that would allow for dual nationality and visa free travel between the island and the Netherlands. The Socialist and right-wing Freedom Party in the Netherlands, never seeing eye-to-eye on many matters, supported independence for Curacao. These developments set off alarm bells at CIA headquarters in Langley, Virginia and at the Pentagon.

On December 31, 2012, another banker, Daniel Hodge of the Party for a Restructured Antilles (PAR) and director of the Curacao Postal Savings Bank, became Prime Minister. Meanwhile, Wiels of the «Pueblo Soberano» continued to call for independence.

On May 5, 2013, in broad daylight, five bullets tore into Wiels while he was sipping a beer on the Marie Pompoen public beach. The attackers who assassinated Wiels sped off in a car and were never caught. The

The following month, Schotte, Wiels’s old coalition partner, said that it was Wiels’s desire for independence of Curacao that led to his assassination. Schotte vehemently denied he had foreknowledge of the plans to assassinate Wiels, stating that his MFK party wholeheartedly supported Wiels’s goal of independence. The only «investigation» conducted in earnest by Curacao prosecutors and police was of Curacao government insiders who began leaking details of the investigation of Wiels’s murder to the media. Schotte’s concerns about Wiels’s assassination by opponents of independence were silenced after he and his girlfriend were arrested by Curacao police on May 20, 2014 on charges of money laundering and forgery. The elimination of the two major proponents of independence for Curacao from the scene may be lauded by the CIA as another highly-classified «success story» but for the peoples of the Caribbean the tale has dire consequences.

Dutch Prime Minister Rutte was correct when he stated that the United States will not permit any more nations in the Caribbean to become independent and that not only includes Curacao but the other Dutch-controlled islands, as well as the British-run Cayman Islands, Anguilla, Montserrat, Turks and Caicos Islands, and Bermuda and the French islands of Martinique and Guadeloupe.

The use of law enforcement to silence proponents of independence has been used in the British-controlled Turks and Caicos Islands (TCI) to deter pro-independence politicians. Britain successfully had Brazilian authorities arrest former TCI Premier Michael Misick, a proponent of independence who fled the TCI for Brazil after being charged with corruption in the TCI. Misick was not only charged with fraud and money laundering but also raping an American resident of Puerto Rico. Misick denied all the charges and, while in exile in Brazil, wrote of Britain’s re-imposition of colonial rule on the TCI by an appointed governor. Misick’s legal problems began after he began to push for TCI independence from Britain. Not only has Britain tightened the colonial screws on TCI, with a wink and a nod from Washington, but a Canadian Tory MP named Peter Goldring has paid two visits to TCI to convince TCI’s British puppet Premier, Rufus Ewing, to begin negotiations on TCI being annexed by Stephen Harper’s Canada.

As for Wiels’s killers, CIA assassins are rarely caught and brought to justice. The actual assassins of two Presidents of Palau – Haruo Relemik gunned down in 1985 and his successor, Lazarus Salli, shot in his home in 1988 – have never been caught. Both presidents advocated their islands remaining nuclear free after independence from the United States, a policy that was at variance with the CIA and Pentagon.

From Canberra in 1975 to Palau in 1985 and 1988 and Curacao in 2012 and 2013, the CIA playbook remains in force with assassinations, constitutional coups, and frame ups common practices.


Related Topics:

Unpaid Debts: Reparation For Colonialism*

Fourteen Caribbean Nations Demand Reparation from Colonial Britain*

Britain’s Secret Plan for the Invasion of Grenada*

Yellow Journalism, and the Truth Behind the Jonestown Massacre*

The Taino of the Caribbean: The People who are not Supposed to Exist

Controlling Haiti

Gambia Says No More to the Commonwealth*

Rising Up Against Noe-Colonial Rule in Burkino Faso*

Change the Story, Change the World*

What Obama Didn’t get from Argentina Rothschild Will get*

What Obama Didn’t get from Argentina Rothschild Will get*

In London, all gold bullion passes through the hands of three Jewish firms who govern the price of gold from day to day; these are N. M. Rothschild & Sons, Mocatta & Goldsmid, and Samuel Montagu & Co. With Nathaniel Rothschild as director, Goldcorp

By Cecilia Jamasmie

Canada’s gold giant Goldcorp (TSX:G), (NYSE:GG) is fine-tuning details to begin commercial production at its Argentina-based Cerro Negro gold and silver mine in February.

The high-grade operation, which produced its first gold dore bar last July, is expected to churn out between 130,000 and 180,000 ounces of gold before the end of 2014.

Once fully operational, Goldcorp estimates that Cerro Negro will produce 4,000 tons/day of gold and silver concentrate during its 23 years of life.

According to El Economista (in Spanish), Goldcorp’s head of operations for Central and South America, Eduardo Villacorta, met Wednesday with Argentine authorities to check the status of final construction work at the mine, located in the southern province of Santa Cruz.

Cerro Negro is expected to significantly contribute to Goldcorp’s performance in the years ahead. Proven and probable gold mineral reserves for the mine were 5.74 million ounces as of Dec 31, 2013.

The Vancouver-based miner, which also has a 37.5% interest in the Alumbrera mine in Argentina’s Catamarca province, has mines and projects in Canada, Chile, the Dominican Republic, Guatemala, Mexico and the U.S.


Related Topics:

Argentina Refuses to be Dragged to its Knees by the U.S.*

Debt-ocracy: Enslaving Entire Nations and Peoples*

Rothschild’s Summit Fine-tuning Capitalism into Global Economic Tyranny*

Controlling Haiti’s Gold

French Grab for Mali’s Gold*

The Gold Behind the New $100 Bill

Rothschilds’ Glencore South Sudan Oil Grab

Rothschild Becomes Sole Owner of Semiconductor Patent as Four Co-owners Went Down with Malaysia Airlines MH370*

Rothschild’s Rio Tinto Signs $20bn African Iron Ore Deal*

Hoarding Gold: Deutsche Bank Takes up Rothschild’s Offer*

Namibia Plans to Sell its own Diamonds with De Beers aka Rothschild*

Rothschild’s Anglo American to Sell South African Mines*

Rothschild’s Rio Reap a $2mn Red Diamond While Aussie Miners Suffer Depression, Illness, and Exhaustion*

Hoarding Gold: Deutsche Bank Takes up Rothschild’s Offer*

Anglo-Americas, AngloGold Leaves the World Gold Council*