I, BARACK OBAMA, President of the United States of America, declare tyranny

The mysterious “Executive Order”. It goes back to the days of George Washington. Commonly, it is thought to be a tool used by the Executive Branch to “take Care that the Laws be faithfully executed” as stated in Article II, Section 3, Clause 5 of the United States Constitution. In other words, it gives the President a way to do his/her job which they are sworn to do. To make sure the laws of the land passed by Congress are faithfully executed.

The Executive Order issued on March 6, 2014 and entitled, “Blocking Property of Certain Persons Contributing to the Situation in Ukraine“, is yet another creative use of the Dept. of Justice to legalize a Presidential power grab. Vice-President Biden claims the retaking of Crimea by Russia is “nothing more than a land grab“(Actually, it’s much more than Russia increasing its real estate holdings Joe). It appears everyone is taking advantage of Crimea to grab something.

You may recall that this EO was supposed to be a sanction against Russia by penalizing 11 members of Putin’s gang. Yet the President has now declared a “national emergency” to order:

Section 1. (a) All property and interests in property that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of any United States person (including any foreign branch) of the following persons are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in: any person determined by the Secretary of the Treasury, in consultation with the Secretary of State:

(i) to be responsible for or complicit in, or to have engaged in, directly or indirectly, any of the following:

(A) actions or policies that undermine democratic processes or institutions in Ukraine;

(B) actions or policies that threaten the peace, security, stability, sovereignty, or territorial integrity of Ukraine; or

(C) misappropriation of state assets of Ukraine or of an economically significant entity in Ukraine;

(ii) to have asserted governmental authority over any part or region of Ukraine without the authorization of the Government of Ukraine;

(iii) to be a leader of an entity that has, or whose members have, engaged in any activity described in subsection (a)(i) or (a)(ii) of this section or of an entity whose property and interests in property are blocked pursuant to this order;

(iv) to have materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, any activity described in subsection (a)(i) or (a)(ii) of this section or any person whose property and interests in property are blocked pursuant to this order; or

(v) to be owned or controlled by, or to have acted or purported to act for or on behalf of, directly or indirectly, any person whose property and interests in property are blocked pursuant to this order.

Gee, sounds a bit more comprehensive that seizing assets for 11 Putin guys, wouldn’t you say? You didn’t “indirectly” engage in any activity that Barack Obama may interpret to undermine Ukraine, did you? One could surmise that simply posting on one’s blog something determined to be derogatory toward Ukraine would qualify here.

Of course, all of this legalese wordsmithing had to come about because our President has no legal authority to seize private property from foreigners. Fact is, you won’t find any language in U.S. law outlining the fact that these 11 random individuals targeted by the Obama Administration are a threat to the interests of the United States and therefore we are justified in seizing their assets. This is important because an EO is supposed to clarify law in order to assist its execution. You can’t clarify what never existed, so in this case you just make it up.

You may say, who cares, if this EO gives us legal cover to inflict some pain on those Commies, we’re all for it. Therein lies the problem. Extending the authority to the Executive Branch to make law by decree no matter what the target, is a dangerous and slippery slope. Defenders will now mock and criticize any detractors and assure us that the President would never use this newfound authority to target a U.S. citizen so just relax.

Utilizing vested authority due to acts of war on our interests abroad could be extrapolated to anyone, anywhere. Same goes with national defense. Our “interests” can literally mean anything. We may view a referendum vote, such as in Crimea, as invalid. Yet these types of votes occur across the globe all the time. North Korea anyone? Venezuela? Cuba? Where are the EO’s condemning those votes? Why aren’t we seizing assets there?

Of course, the answer is the EO is a tool used as a political weapon. We only issue them at our convenience. The Ukraine EO is mocked and laughed at because the rest of the world knows it has no legitimate effect on the course of events in Ukraine. Yet, like the N.D.A.A. power grab, these actions highlight the fact that our President, regardless of who they are, can instill imperialistic decrees at their whim and face no recourse. Sure, the opposition may whimper and whine a bit, but that’s where it ends.

The longer the Executive Branch goes unchecked, the greater the likelihood they will misuse that power. We’ve already extended the battlefield to include the entire globe. These types of EO’s extend our potential adversary’s to include all Americans as well. Russia may be employing Cold War tactics, but Obama is employing globalist new world order tactics. It is tyrannical.

You didn’t really think we we’re going to war over Crimea, did you?

Yet another installment of The Global War for Energy. Today’s example comes from none other than The Tehran Times as even Iran recognizes that the true reasons for our geo-political conflicts are not always as advertised.

http://tehrantimes.com/component/content/article/52-guests/114806-pipeline-predicament-the-ukraine-syria-russia-us-gas-nexus

To understand what is happening in Ukraine and Syria, and how Qatar and Azerbaijan are involved, we must briefly look at regional energy developments following the dissolution of the former Soviet Union. While the Persian Gulf is well known for its abundant energy resources, the Caspian Sea Basin also has seen oil exploration and production since the early 1900s however the U.S. and the West had scant involvement there before the end of the Cold War. Since the breakup of the former Soviet Union, the United States and Russia have engaged in fierce competition to control the energy resources of the newly created Caspian Sea littoral states.

Spellchek has also stated that economic sanctions against Russia will backfire and fail. A U of M professor agrees.

However, like the Nabucco Pipeline fiasco, the best U.S. efforts to achieve its goals may backfire, especially if Washington applies sanctions to Russia. “If Putin now faces the same techniques from Treasury as Tehran has suffered from, he may well start protecting Iran at the UNSC [UN Security Council] and allowing Russian banks to do more open business there,” wrote University of Michigan professor of history Juan Cole.

Furthermore, Spellchek has identified the key X factor in the Ukraine crisis is actually China. If they coordinate any significant pullback in financing President Obama’s spending spree debt with Russia, the U.S. dollar crashes and ends its reign as the world’s reserve currency. The good professor agrees as well.

Moreover, he speculated, “Russia and possibly China together could begin working on an alternative to the U.S. stranglehold over global finance.” We can only hope that it will be soon, insha’Allah (God willing).

BTW, you may ask, who is this guy, Professor Juan Cole? Well, he isn’t a state-sponsored hack you may expect from Iran – http://en.wikipedia.org/wiki/Juan_Cole.

Obama is now openly admitting that he won’t be sending in the troops to defend Ukraine. This despite the U.S. being “absolutely committed” to defending its allies. So let’s watch and see how this plays out. Will Obama allow Putin the “flexibility” to take all of Ukraine? Why? To encircle Russia with a defense shield? He’ll have widespread support to do it with Ukraine gone and he won’t have to but a boot on the ground in Ukraine either.

Now why would Iran be so cognizant of the global energy wars? Because they’re players as well! Kind of like when you see the talking heads on TV or on the radio talking about what the main stream media is doing. Makes you want to scream when they can’t admit they are the main stream media!

Jealousy

We here at Spellchek are always interested in the old adage that imitation is the sincerest form of flattery. Residing in Michigan means we are blessed with the honor of having the largest municipal bankruptcy in the nation in the form of Detroit. There are always those who wish to knock us off our throne however and we continue to be challenged by the entire state of California.

The Blaze has 6 reasons why Detroit might yet be replaced as the worst example of liberalism on display – http://www.theblaze.com/blog/2014/03/17/six-reasons-why-the-entire-state-of-california-is-in-danger-of-becoming-the-next-detroit/#.

1. Union dominance and “doing it for the kids”
2. As a result of union power, unsustainable pensions/mass municipal bankruptcies
3. First in the nation…in taxation
4. Arrested energy development
5. Environmentalism on steroids
6. The “Gubernator” terminated his own agenda

We miss the good old days of the Pistons-Lakers battles as being the best rivalry we had going with California. Now it seems Detroit may not even beat California in the race to the bottom.

So for the rest of you out there, hopefully you’ve learned from our mistakes and forget about that old imitation adage. Here is some advice in song.

Putin is winning the battles, but does he have a much bigger prize in mind?

You think Putin is over-playing his hand? Not a chance. He has Obama over a barrel. The lynchpin in the entire U.S./EU/Ukraine/Crimea/Russia debacle is the United States petro dollar. The world’s reserve currency. If Obama misplays (highly likely), Russia can take us down economically. It’s not the other way around. Watch this video. It isn’t pretty.

Many will say the war hawks, the military-industrial complex and the like actually want Putin to take eastern Ukraine so that NATO will have the authority to completely finish the circle and surround Russia. There are many variables at play besides the war on energy. The fact is that economic sanctions against Russia can easily be defeated and cost the EU/U.S. far more in the long run. Clearly, Putin knows this as does Obama. Yet it’s a conspiracy to say that this is the flexibility Obama promised Putin?

It’s refreshing to see how many have come around to the realization that in the U.S., we have a one-party system of government. Hopefully, the day is not far off when people will also realize the agenda to implement a world government is reality and not just extremist conspiracy theory. There are those who simply believe centralized government is the only way to go. Or you can just continue living in denial as we plod along toward it anyway.

Ukraine is only a bit part of a much bigger picture. The short-sighted amongst us will only view it as an ex-KGB guy with a dream to restore Mother Russia to its former glory. So we can continue to believe the Putin simply out-maneuvered our community-organizer-in-Chief or get with the program and start paying attention.

93% of Crimea’s voters support accession to Russia

Via Voice of Russia – http://voiceofrussia.com/news/2014_03_16/93-of-voters-suppport-Crimeas-accession-to-Russia-exit-polls-8596/

Polling stations in Crimea have closed, the referendum is over. According to the exit polls, 93 percent of people voted for Crimea’s accession to Russia at the referendum.

A total of 93 percent of residents of Crimea voted for joining Russia at a referendum on Sunday, an exit poll publicized by the Rossiya 24 TV channel shows.

Seven percent of Crimeans favored being a part of Ukraine, it shows. The voter turnout exceeded 80 percent, the Crimean News Agency reported.

The voting ended at 20:00 pm local time. Crimeans were able to cast votes at 1,205 polling station.
Read more: http://voiceofrussia.com/news/2014_03_16/93-of-voters-suppport-Crimeas-accession-to-Russia-exit-polls-8596/

Cold War red lines – will either side be willing to take down the global economy?

Remember just last month we posted this amazing graph comparing 1929 to 2014? Monday just may be the trigger that starts a chain reaction to see the missing plunge kick in and match this graph.

MW-BU310_scary__20140210132547_MG

Now that President Obama has pulled out his infamous pen and drawn a 2nd red line (first one in Syria didn’t work out so well), will Russia cower in fear and reverse course in Ukraine? Or will they follow through with their promises of retaliation if the Monday deadline arrives and the EU/US sanctions kick in?

It would appear that Russian companies believe the threats are real and accordingly are pulling billions out of international markets to head off a potential asset freeze.

Now enter the Red Dragon. China is promising to have Russia’s back in the Ukraine crisis and warns of a “dangerous spiral” if the EU/US sanctions are put in place. What happens if both Russia and China stop funding the Obama spending spree? US and Euro leaders warn Russia of severe consequences to any sanctions we put in place. Those consequences will pale in comparison to the global meltdown that will occur if Russia and China decide to take down the U.S. dollar. No Fed magic is possible to stave off that collapse.

Of course, Russia and China would not be isolated from the meltdown so any takedown of the dollar would be with the knowledge a global collapse would have to occur first. In the meantime, we’re all blissfully distracted with searching our Google maps trying to find the missing airliner. March madness may have to take on an entirely different meaning if some compromise isn’t reached this weekend.

WSJ reports nations power grid determined highly vulnerable – wow, who knew?

A report out by the Wall Street Journal concerning the vulnerability of the U.S. power grid is creating a buzz by noting that a terrorist attack on just 9 high voltage substations would knock out the entire country. The WSJ report doesn’t identify which 9 as if omitting this info will protect the country from any potential terrorists. Really? Just stop it already.

This type of info has been public knowledge for decades. The internet certainly serves to make it easy for any potential terrorist to research it, but the problem was identified long ago. In fact, President Clinton signed PDD 63 way back in 1998 with a 5 year plan to protect the nations grid from just such an attack and that PDD was simply an update to a problem identified years earlier than that.

The WSJ sensationalizes their reporting as being cutting edge as this example shows.

According to Wall Street Journal, study’s results have been known for months by the White House, Congress and officials at federal agencies, who were briefed by then-FERC Chairman Jon Wellinghoff and others at the commission.

A day late and a dollar short is the way the saying goes if I remember right.

Here’s a report submitted to Congress a decade ago that further illustrates this isn’t anything new – http://www.fas.org/sgp/crs/homesec/R42795.pdf.

The facts are simple. Electricity is comprised of 3 main components. Generation, transmission and distribution. We have multiple methods for generation with various types of power plants. The distribution system is massive with the familiar poles and wires you see in your neighborhoods delivering power to homes and businesses. However, it is the transmission system which is most vulnerable. Relatively few are in operation used to pump up the voltage to extremely high levels needed for long-distance transmission.

The WSJ report states that if just 9 of 55,000 substations were attacked, the result would be catastrophic. It’s even worse than that. The country only has a few thousand high voltage substations used for the transmission system. We also have jus 3 main networks in the grid. With just some cursory research, you can determine where the critical links are as utility companies publicly report on the makeup of their networks.

Once identified, disabling the HV transformers is a piece of cake. A transformer, whether it be a relatively small one you see hanging off your utility pole or a giant multi-story 745kv HV transformer used in power transmission share common design characteristics. Simply drain the cooling oil and it will burn up if you can access it which generally means simply snipping through a chain link fence protecting it. Won’t electrocute yourself in the process either or risk a massive fire or explosion should you decide to shoot holes in one.

Worse is the fact that the U.S. no longer manufactures 345kv or 745kv transformers. Canada still does but they are all custom built and take months to design and build. Few spares are kept as they rarely fail and since spares are kept for maintenance purposes, they are usually stored right by the one in service to make replacement quick.

The bottom line is that all of this stuff is public knowledge, easily accessible and easy to disable. Glad you figured it out at the WSJ even if you’re a little late to the party. If you’re an average Joe wondering what the heck one can do to prepare, the answer is not much. Sure, you can go off the grid and make your own castle impervious to a nationwide power grid failure, but your job or school or whatever else won’t be meaning you’re still affected. Not to mention your neighbors will soon become your enemy and loot your castle once they figure out it’s every man for himself out there.

Do you ever watch those Alaska shows with the crazy, off-the-grid preppers struggling just to survive? Me thinks they just might be further ahead than the rest of us once the SHTF.

Global debt exceeds $100,000,000,000,000.00 (that’s trillions) for the first time in history

The Bank for International Settlements (BIS) has released its March 2014 quarterly review and determined that the world has gone on a spending spree that would make President Obama proud. A 40% increase since 2007 has seen the total debt exceed $100 trillion dollars for the first time ever.

The BIS is the central bank for the central banks of the world. They currently have 60 members as follows. Algeria, Argentina, Australia, Austria, Belgium, Bosnia and Herzegovina, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong SAR, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Korea, Latvia, Lithuania, Luxembourg, Macedonia (FYR), Malaysia, Mexico, the Netherlands, New Zealand, Norway, Peru, the Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, the United Arab Emirates, the United Kingdom and the United States, plus the European Central Bank.

Here is a great place to visit to visualize just how much $100 trillion dollars is as the graphic illustrates the total U.S. unfunded liabilities of $114.5 trillion dollars – http://usdebt.kleptocracy.us/.

Visit Graph C on page 18 of the BIS report. The graph legend breaks down the make-up of the players comprised in the stats. FI = financial corporations; GG = general government; II = international institutions; NFI = non-financial corporations; NPISH = non-profit
institutions serving households. Easily the largest slice of the pie is comprised of domestic government spending.

You may note another interesting point in the report from page 99.

The Federal Reserve is experimenting with a new operational tool – the reverse repo – that could substantially reduce banks’ $2.5 trillion (and rising) claims on the Fed, even as the Fed continues to hold its bond portfolio. In a reverse repo, the Fed borrows overnight from a cash-rich counterparty like a money market mutual fund against the security of a bond from the Fed’s portfolio, which reached $4.1 trillion on 19 February 2014.

The new Fed Chairman Janet Yellen likes these reverse repos as well. But they haven’t always worked so well as Zero Hedge reminds us.

On Monday the Federal Reserve held a major reverse repo test, as was announced by the NY Fed and by Zero Hedge. We have subsequently received several unconfirmed reports that the conducted test has been a disaster (we have calls into the Federal Reserve to confirm or deny this, we are eagerly awaiting their reply). Presumably, after conducting various repos last year, a typical transaction would be in the $1 to $5 billion range. At around the time the financial system was being pulled apart, were two separate $50 billion repo transactions on September 18, 2008, a day when as Paul Kanjorski had highlighted earlier in the year the money market system nearly collapsed as a result of Lehman and AIG’s failure, and the Reserve Fund breaking the buck. Notable about Monday’s reverse repo “test” was that it was quite sizable: in the $100 billion ballpark, on parallel with the biggest liquidity extraction from 2008. The outcome was the discovery that the dealer community does not have the capacity to do reverse transactions of this magnitude. As a result the Fed was forced to go directly to the money market industry, which has been speculated as a key source of excess liquidity withdrawals, another topic we discussed previously.

Now what could possibly go wrong with the Fed raiding our retirement funds?

U.S. State increases amount of felons over 2000% with the stroke of a pen

If you’re an investor looking for a hot tip, look no further than the Constitution State, Connecticut. With the passage of their new anti-gun law and the subsequent failure of a projected 350,000 residents to comply with it, their felon count just dramatically increased from the current estimate of just 17,000 incarcerated. So invest in anything prison related quick before everyone else catches on! Anyone in your family sew? Start making some of those jumpsuits and make some money!

http://www.wnd.com/2014/03/u-s-state-350000-gun-owners-suddenly-felons/

Just one of those nasty little details that our elected officials didn’t fully vet when they passed the law against the wishes of their constituents. What to do with the massive influx of lawbreakers that, by law, must be accounted for. After all, the mere possession of a banned weapon constitutes a violation so that fact should be all the justification law enforcement requires to immediately commence a door to door search to round up the lawbreakers and get them off the streets. That is what we pay law enforcement to do, isn’t it? Enforce the laws on the books.

Of course, this fight has a long way to go in the courts and Connecticut will do no such thing as they don’t have the resources. Besides, picking and choosing which laws to enforce is something President Obama’s Department of Justice does on a daily basis, so there certainly is precedent for simply ignoring the newest felons.

Oh, you can be certain there will be some high-profile arrests just to drive home the point how serious the state is about their new law. Isn’t the power of the pen amazing?

Now those of you who live in an unaffected state should still take notice. Maybe your day is coming as well. Perhaps it won’t be gun ownership that instantly converts you into a felon. Perhaps it will be some other seemingly innocuous, everyday part of life that you dally in. Like breathing.

You laugh? What, you don’t think the climate change fanatics aren’t coming for you? How long will it be before it will be criminalized for being a climate change denier? Just like the gun owners in Connecticut with their now illegal guns locked away in their private homes not hurting anybody, you can bet the day will come when some incredibly invasive, unpopular law will come to pass that will make you a felon as well. The progressives don’t allow for passive existence. They demand activism on their behalf. You won’t be allowed to merely live and let live, you must march in their parades.