Game Plan

by Kevin D. Freeman

  16.Gene Epstein, “Next Stop, Greece,” Barron’s, Barrons.com, February 18, 2013, http://online.barrons.com/article/SB50001424052748704852604578298123148082456.html?mod=djembwr_h#articleTabs_article%3D1.

  17.Michael Pento, “Debt Ceiling Myths,” Forbes, Forbes.com, July 21, 2011, http://www.forbes.com/sites/michaelpento/2011/07/21/debt-ceiling-myths/.

  18.“A National Debt of $14 Trillion? Try $211 Trillion,” NPR.org, August 6, 2011, http://www.npr.org/2011/08/06/139027615/a-national-debt-of-14-trillion-try-211-trillion.

  19.Alex VanNess, “China and U.S. Debt,” American Thinker, March 22, 2013, http://www.americanthinker.com/2013/03/china_and_us_debt.html.

  20.Bill Gertz, “Inside the Ring: New WMD Threats,” October 10, 2012, Washington Times, http://www.washingtontimes.com/news/2012/oct/10/inside-the-ring-new-wmd-threats/?page=all.

  21.Ibid.

  22.VanNess, “China and U.S. Debt.”

  23.Dan Weil, “Ex-Fed Gov. Mishkin, Other Experts: Fed Easing Could Lead to ‘Surge in Inflation,’” Moneynews.com, March 8, 2013, http://www.moneynews.com/Economy/Mishkin-Fed-inflation-rates/2013/03/08/id/493842?s=al&promo_code=12B93-1.

  24.Jim Meyers and John Bachman, “Jeb Bush: Entitlement System Will Collapse If We Don’t Act Now,” Newsmax.com, March 31, 2013, http://www.newsmax.com/Headline/jeb-bush-economic-growth/2013/03/31/id/497076?s=al&promo_code=12FBC-1.

  25.Gene Epstein, “Sorry, Deniers, U.S. Debt Crisis Isn’t Going Away,” Barron’s, Barrons.com, May 18, 2013, http://online.barrons.com/article/SB50001424052748704551504578481052623543848.html?mod=djembwr_h#articleTabs_article%3D1.

  26.Jeff Cox, “Is the Dollar Dying? Why U.S. Currency Is in Danger,” CNBC.com, February 14, 2013, http://www.cnbc.com/id/100461159.

  27.Glenn J. Kalinoski, “Dick Bove: U.S. Dollar Will Be ‘Overthrown’ as World’s Reserve Currency,” Moneynews.com, February 15, 2013, http://www.moneynews.com/FinanceNews/Bove-dollar-currency-reserve-China/2013/02/15/id/490589?s=al&promo_code=1278E-1.

  28.Cox, “Is the Dollar Dying? Why U.S. Currency Is in Danger.”

  29.Scott Rose and Olga Tanas, “Putin Turns Black Gold to Bullion as Russia Outbuys World,” Bloomberg.com, February 10, 2013, http://www.bloomberg.com/news/2013-02-10/putin-turns-black-gold-into-bullion-as-russia-out-buys-world.html.

  30.Andrew Osborn, “As If Things Weren’t Bad Enough, Russian Professor Predicts End of U.S.,” Wall Street Journal, December 29, 2008, http://online.wsj.com/article/SB123051100709638419.html.

  31.Kevin D. Freeman, “Putin Prepares for a Currency War That He Thinks (Hopes?) Will Collapse America,” GlobalEconomicWarfare.com, February 11, 2013, http://globaleconomicwarfare.com/2013/02/putin-prepares-for-a-currency-war-that-he-thinks-hopes-will-collapse-america/.

  32.Tyler Durden, “Thanks, World Reserve Currency, But No Thanks: Australia and China to Enable Direct Currency Convertibility,” Zero Hedge, March 31, 2013, http://www.zerohedge.com/news/2013-03-31/thanks-world-reserve-currency-no-thanks-australia-and-china-enable-direct-currency-c.

  33.Ryan Villarreal, “So Long, Yankees!: China and Brazil Ditch U.S. Dollar in Deal before BRICS Summit,” International Business Times, March 26, 2013, http://www.ibtimes.com/so-long-yankees-china-brazil-ditch-us-dollar-trade-deal-brics-summit-1153415#.

  34.Mike Cohen and Ilya Arkhipov, “BRICS Nations Plan New Bank to Bypass World Bank, IMF,” Bloomberg.com, March 26, 2013, http://www.bloomberg.com/news/2013-03-25/brics-nations-plan-new-bank-to-bypass-world-bank-imf.html.

  35.Denise Roland, “Bank of England Closes In on China Currency Deal,” Telegraph (UK), February 22, 2013, http://www.telegraph.co.uk/finance/currency/9888141/Bank-of-England-closes-in-on-China-currency-deal.html.

  36.Joe Parkinson and Emre Peker, “Turkey Swaps Gold for Iranian Gas,” Wall Street Journal, November 23, 2012, http://online.wsj.com/article/SB10001424127887324352004578136973602198776.html.

  37.Chris Blasi, “India to Pay Gold Instead of Dollars for Iranian Oil,” Goldseek.com, January 24, 2012, http://news.goldseek.com/GoldSeek/1327417200.php.

  38.Gao Changxin, “Asian Economies Turn to Yuan,” China Daily, October 24, 2012, http://usa.chinadaily.com.cn/business/2012-10/24/content_15840920.htm.

  39.Mike Larson, “International Investors Dump $40.8 Billion in Treasuries, the Most Ever,” Money and Markets, August 15, 2013, http://www.moneyandmarkets.com/internationalinvestors-dump-40-8-billion-in-treasuries-the-most-ever-53693.

  40.Dhara Ranasinghe, “Are Treasurys Falling Out of Favor with China?,” CNBC.com, May 20, 2013, http://www.cnbc.com/id/100752563.

  41.“U.S. Embassy Cable—09Beijing1134,” http://cables.mrkva.eu/cable.php?id=204405.

  42.Deepanshu Bagchee, “Yuan Likely to Be Fully Convertible in 5 Years: PBOC Advisor,” CNBC.com, September 14, 2011, http://www.cnbc.com/id/44512934.

  43.Gordon Chang, “China’s Currency Will Be Fully Convertible in Months,” Forbes, Forbes.com, September 15, 2013, http://www.forbes.com/sites/gordonchang/2013/09/15/chinas-currency-will-be-fully-convertible-in-months/.

  44.Marina Maksimova, “China Reportedly Planning to Back the Yuan with Gold,” Russia Beyond the Headlines, July 17, 2013, http://rbth.asia/business/2013/07/17/china_reportedly_planning_to_back_the_yuan_with_gold_47997.html.

  45.“How China Deals with the U.S. Strategy to Contain China,” ChinaScope translation of Qiushi article, December 10, 2010, http://chinascope.org/main/content/view/3291/92 Original article in Chinese available through ChinaScope at http://chinascope.org/main/PDF/R20101213A_GoogleCache.pdf.

  46.Freeman, “Putin Prepares for a Currency War That He Thinks (Hopes?) Will Collapse America.”

  47.“Year of the Yuan: China’s Explosive Currency Goes Global,” Russia Today, May 1, 2013, http://rt.com/business/yuan-china-currency-global-561/.

  48.“Putin Wants Russia and China to Join Forces against the West,” Pravda, May 6, 2012, http://english.pravda.ru/russia/politics/05-06-2012/121315-putin_china-0/#.

  49.Murtaza Hussain, “Why China Might Be a Better Superpower,” Al Jazeera, June 25, 2013, http://www.aljazeera.com/indepth/opinion/2013/06/201362584334716870.html.

  50.Jerry Robinson, “The Rise of the Petrodollar System: ‘Dollars for Oil,’” Financial Sense, February 23, 2012, http://www.financialsense.com/contributors/jerry-robinson/the-rise-of-the-petrodollar-system-dollars-for-oil.

  51.“China Exceeds U.S. to Become Saudi Arabia’s Top Oil Customer,” Global Times, February 23, 2010, http://www.globaltimes.cn/business/china-economy/2010-02/507404.html.

  52.Kaleem Kawaja, “Are Petrodollar-Rich Muslims Responsible for Muslim-on-Muslim Pppression?,” Ummah, April 9, 2013, http://www.ummah.com/forum/showthread.php?374003-Are-petrodollar-rich-Muslims-responsible-for-Muslim-on-Muslim-oppression.

  53.Howard LaFranchi, “How Arab Spring Turned into Protests and ‘Death to America!,’” Christian Science Monitor, September 17, 2012, http://www.csmonitor.com/USA/Foreign-Policy/2012/0917/How-Arab-Spring-turned-into-protests-and-Death-to-America!

  54.John Rubino, “China, Russia, and the End of the Petrodollar,” DollarCollapse.com, October 9, 2012, http://dollarcollapse.com/dollar-5/china-russia-and-the-end-of-the-petro-dollar/.

  55.“China’s Yuan Set to Become Global Reserve Currency with Gold Backing?,” Zero Hedge, July 25, 2013, http://www.zerohedge.com/contributed/2013-07-25/china’s-yuan-set-become-global-reserve-currency-gold-backing.

  56.Alan Wheatley, “China’s Yuan Could Challenge Dollar Role in a Decade,” Reuters, August 30, 2011, http://www.reuters.com/article/2011/08/30/us-economy-global-eclipse-idUS-TRE77T2GX20110830.

  57.Ambrose Evans-Pritchard, “Beijing Hints at Bond Attack on Japan,” Telegraph (UK), September 18, 2012, http://www.telegraph.co.uk/finance/china-business/9551727/Beijing-hints-at-bond-attack-on-Japan.html.

  58.Chris Mack, “Is This Time Different for the Dollar?,” Resource Investor, January 24, 2011, http://www.resourceinvestor.com/2011/01/24/is-this-time-different-for-the-dollar.

  59.“Pimco’s Gross Calls US Econ
omy ‘Supernova’ on Path to Extinction,” Moneynews.com, February 1, 2013, http://www.moneynews.com/StreetTalk/pimco-gross-economy-extinction/2013/02/01/id/488443?s=al.

  60.Brad Plumer, “Could Two Platinum Coins Solve the Debt-Ceiling Crisis?,” Washington Post, December 7, 2012, http://www.washingtonpost.com/blogs/wonkblog/wp/2012/12/07/could-two-platinum-coins-solve-the-debt-ceiling-crisis/.

  61.James A. Kostohryz, “The Trillion Dollar Coin Idea: Beyond Stupid,” Seeking Alpha, December 10, 2012, http://seekingalpha.com/article/1054491-the-trillion-dollar-coin-idea-beyond-stupid.

  62.James Rickards, Currency Wars: The Making of the Next Global Crisis (New York: Penguin/Portfolio, 2011).

  63.Jeff Cox, “U.S. to Win Currency War, Then ‘Implode’: Schiff,” CNBC.com, February 12, 2013, http://www.cnbc.com/id/100453993.

  64.Peter Schiff, “The Biggest Currency Printers Will Be the Biggest Losers,” BusinessInsider.com, February 3, 2013, http://www.businessinsider.com/the-biggest-loser-2013-2.

  65.“China Ready to Go to War to Safeguard National Interests,” Times of India, February 12, 2011, http://articles.timesofindia.indiatimes.com/2011-02-12/china/28545343_1_china-countries-communist-party.

  66.Ernest Hancock, “The End Is Nigh! No, Really. It Is!,” FreedomsPhoenix.com, April 17, 2012, http://www.freedomsphoenix.com/Article/109991-2012-04-17-the-end-is-nigh-no-really-it-is.htm?From=News.

  67.Julie Crawshaw and Forrest Jones, “WSJ: Fed Buying 61 Percent of U.S. Debt,” Moneynews. com, March 28, 2012, http://www.moneynews.com/Headline/fed-debt-Trea-sury/2012/03/28/id/434106?s=al&promo_code=E92C-1.

  68.Ben Shapiro, “Fed Announces Possible End to Quantitative Easing, Stocks Crash,” Breitbart.com, June 19, 2013, http://www.breitbart.com/Big-Government/2013/06/19/Fed-chair-pump-stock-crash.

  69.Freeman, “Lessons From Egypt,” GlobalEconomicWarfare.com, February 11, 2011, http://globaleconomicwarfare.com/2011/02/lessons-from-egypt/.

  70.Marco Lagi, Yavni Bar-Yam, Karla Z. Bertrand, and Yaneer Bar-Yam, “The Food Crises: A Quantitative Model of Food Prices Including Speculators and Ethanol Conversion,” New England Complex Systems Institute, September 21, 2011, http://necsi.edu/research/social/foodprices.html.

  71.Lagi, Bertrand, Bar-Yam, “The Food Crises and Political Instability in North Africa and the Middle East,” New England Complex Systems Institute, August 10, 2011, http://necsi.edu/research/social/foodcrises.html.

  72.Nafeez Mosaddeq Ahmed, “Why Food Riots Are Likely to Become the New Normal,” Guardian, March 6, 2013, http://www.theguardian.com/environment/blog/2013/mar/06/food-riots-new-normal.

  73.“Where Does All That Food Come From?,” Discover Channel, December 13, 2012, http://news.discovery.com/history/us-history/american-thanksgiving-dinner-121120.htm.

  74.Luís Aguiar-Conraria and Yi Wen, “Understanding the Large Negative Impact of Oil Shocks,” Federal Reserve Bank of St. Louis, Working Paper Series, January 12, 2006, http://research.stlouisfed.org/wp/2005/2005-042.pdf.

  75.“Liberated Iraq Calls on Arab States to Use Oil as ‘Weapon’ against U.S.,” FoxNews.com, November 16, 2012, http://www.foxnews.com/world/2012/11/16/liberated-iraq-calls-on-arab-states-to-use-oil-as-weapon-against-us/.

  76.Robert Lenzner, “Speculation in Crude Oil Adds $23.39 to the Price per Barrel,” Forbes, Forbes.com, February 27, 2012, http://www.forbes.com/sites/robertlenzner/2012/02/27/speculation-in-crude-oil-adds-23-39-to-the-price-per-barrel/.

  77.“Beijing Diversifies Away from U.S. Dollar,” Wall Street Journal, March 2, 2012, http://online.wsj.com/article/SB10001424052970203753704577254794068655760.html.

  78.“No Risk to Dollar If China Expands Yuan’s Role,” Reuters, March 8, 2012.

  79.Freeman, “Don’t Worry, Tim Geithner Says the Dollar Will Be Fine,” GlobalEconomicWarfare.com, March 12, 2012, http://globaleconomicwarfare.com/2012/03/dont-worry-tim-geithner-says-the-dollar-will-be-fine/.

  80.Juan C. Zarate, Treasury’s War; The Unleashing of a New Era of Financial Warfare (New York: PublicAffairs, 2013), 401–2.

  81.Philip Aldrick, “Hu Calls on China to Develop Domestic Economy,” Telegraph, November 8, 2012, http://www.telegraph.co.uk/journalists/philip-aldrick/9663920/Hu-calls-on-China-to-develop-domestic-economy.html.

  82.“Asian Growth Needs Stronger Currencies: IMF,” TerraDaily, October 6, 2010, http://www.terradaily.com/reports/Asian_growth_needs_stronger_currencies_IMF_999.html.

  83.Freeman, “The Chinese Take a Long Term View; Evaluating Their 5YP,” GlobalEconomicWarfare.com, February 21, 2011, http://globaleconomicwarfare.com/2011/02/the-chi-nese-take-a-long-term-view-evaluating-their-5yp/.

  84.Freeman, “Unrestricted Warfare,” GlobalEconomicWarfare.com, January 14, 2011, http://globaleconomicwarfare.com/2011/01/unrestricted-warfare/.

  85.“Spiegel Interview with George Soros,” Spiegel Online, Der Spiegel, August 15, 2011, http://www.spiegel.de/international/europe/spiegel-interview-with-george-soros-you-need-this-dirty-word-euro-bonds-a-780189.html.

  CHAPTER THREE

  1.Daniel Doherty, “Oh My: More People Collecting Food Stamps in the United States Than Living in Spain,” Townhall.com, April 27, 2013, http://townhall.com/tipsheet/danieldo-herty/2013/04/27/oh-my-more-people-collecting-food-stamps-in-the-united-states-than-living-in-spain-n1580000.

  2.Wynton Hall, “Exclusive: Food Stamp Recipients Outnumber Populations of 24 States Combined,” Breitbart.com, November 23, 2012, http://www.breitbart.com/Big-Government/2012/11/23/Exclusive-Food-Stamp-Recipients-Outnumber-Populations-Of-24-States-Combined.

  3.“New Record: 15 Percent of Americans on Food Stamps,” RT.com, March 11, 2013, http://rt.com/usa/food-stamps-record-americans-119/.

  4.Siemond Chan, “Food Stamp Issue Derails Farm Bill as Recipients at Record High,” Yahoo! Finance, June 27, 2013, http://finance.yahoo.com/blogs/the-exchange/food-stamp-issue-derails-farm-bill-recipients-record-150015885.html.

  5.Neil Munro, “Native-Born Americans Gained No Jobs since 2000, Says Report,” Daily Caller, July 3, 2013, http://dailycaller.com/2013/07/03/native-born-americans-gained-no-jobs-since-2000-says-report/#ixzz2Y1PGu7Q4.

  6.“BLS Spotlight on Statistics: The Recession of 2007–2009,” Bureau of Labor Statistics, February 2012, http://www.bls.gov/spotlight/2012/recession/.

  7.Peter Ferrara, “Economically, Could Obama Be America’s Worst President?,” Forbes, Forbes.com, June 2, 2013, http://www.forbes.com/sites/peterferrara/2013/06/02/economically-could-obama-be-americas-worst-president/.

  8.Markos Kaminis, “True Unemployment Is 17.6%, Not 7.6%,” Seeking Alpha, June 7, 2013, http://seekingalpha.com/article/1488832-true-unemployment-is-17-6-not-7-6?source=google_news.

  9.Paul Wiseman and Jesse Washington, “U.S. Labor Force Participation Rate Lowest since 1979,” Huffington Post, April 6, 2013, http://www.huffingtonpost.com/2013/04/06/labor-force-participation-rate_n_3028135.html.

  10.Nick Beams, “After Strong Growth, World Economy at a ‘Turning Point,’” World Socialist Web Site, April 24, 2007, http://www.wsws.org/en/articles/2007/04/grow-a24.html.

  11.David Feith, “Timothy Thomas: Why China Is Reading Your Email,” Wall Street Journal, March 29, 2013, http://online.wsj.com/article/SB10001424127887323419104578376042379430724.html.

  12.Ibid.

  13.“China Ready to Go to War to Safeguard National Interests,” Times of India, February 12, 2011, http://articles.timesofindia.indiatimes.com/2011-02-12/china/28545343_1_china-countries-communist-party.

  14.Wayne M. Morrison and Marc Labonte, China’s Holdings of U.S. Securities: Implications for the U.S. Economy, Congressional Research Service, August 19, 2013, 17, http://www.fas.org/sgp/crs/row/RL34314.pdf.

  15.Rosa Prince, “George Soros Predicts Class War and Riots,” Telegraph (UK), January 24, 2012, http://www.telegraph.co.uk/finance/financialcrisis/9036889/George-Soros-predicts-class-war-and-riots.html.

  16.“George Soros Predicts Riots, Police State and Class War for America,” RT.com, January 24, 2012, http://rt.com/usa/george-soros-class-war
-619/.

  17.John C. Williams, “The Risk of Deflation,” Federal Reserve Bank of San Francisco, March 27, 2009, http://www.frbsf.org/economic-research/publications/economic-letter/2009/march/risk-deflation/.

  18.Ibid.

  19.A. Gary Shilling, “Why Global Economies Face an Age of Deflation,” Bloomberg.com, March, 20, 2013, http://www.bloomberg.com/news/2013-03-20/why-global-economies-face-an-age-of-deflation.htm.

  20.Rick Newman, “4 Reasons to Fear Deflation,” U.S. News & World Report, July 20, 2010, http://money.usnews.com/money/blogs/flowchart/2010/07/20/4-reasons-to-fear-deflation.

  21.Mark Gongloff, “Markets Sell Off Sharply after Bernanke Talks of Quantitative Easing Slowdown,” Huffington Post, June 20, 2013, http://www.huffingtonpost.com/2013/06/19/bernanke-markets_n_3467940.html.

  22.Charles Riley, “Bank of Japan Takes Fight to Deflation,” CNN Money, CNN.com, April 5, 2013, http://money.cnn.com/2013/04/04/news/economy/bank-of-japan-decision/index.html.

  23.Rodrigo Campos, “U.S. Stocks—Summers’ Withdrawal Signals Dovish Fed, Wall St Rises,” Reuters, September 16, 2013, http://www.reuters.com/article/2013/09/16/markets-usa-stocks-idUSL2N0HC17G20130916.

  24.Alex Crippen, “Warren Buffett: Failure to Raise Debt Limit Would Be ‘Most Asinine Act’ Ever by Congress,” CNBC.com, April 30, 2011, http://www.cnbc.com/id/42836791.

  25.Martin Fridson, “Is S&P’s U.S. Debt Warning Politically Motivated?,” Forbes, Forbes.com, May 5, 2011, http://www.forbes.com/sites/investor/2011/05/05/is-sps-u-s-debt-warning-politically-motivated/.

  26.“Obama Begins Push for New National Retirement System,” National Seniors Council, originally posted October 13, 2010, http://www.nationalseniorscouncil.org/index.php?option=com_content&view=article&id=89:obama-begins-push-for-new-national-retirement-system&catid=34:social-security&Itemid=62.

  27.Jerome Corsi, “Now Obama Wants Your 401(k),” WND, November 25, 2012, http://www.wnd.com/2012/11/now-obama-wants-your-401k/.

  28.Dagmara Leszkowicz and Chris Borowski, “Poland Reduces Public Debt through Pension Funds Overhaul,” Reuters, September 4, 2013, http://www.reuters.com/article/2013/09/04/poland-pensions-idUSL6N0H02UV20130904.