A trillion here, a trillion there . . .

Be thankful today. It's Thanksgiving.

Illinois Senator Everett Dirkson was famous for his famous quote, “A million here, a million there, sooner or later it adds up to real money.” That's when a 12-ounce bottle of Coke cost 5-cents. In recent years, he was paraphrased using "billion" instead of "million." After the $700 bailout has morphed into $8.5 trillion and counting, we can't even comprehend the numbers any more. The amounts are so staggering as to be beyond shock.

A Citigroup analyst recently joined the Chicken-Littles with his prediction that gold would rise to at least $2,000 as soon as next year (6 weeks?) in response to the unprecedented fiat money created by central banks to deal with the worldwide financial collapse. "The world is not going back to normal after the magnitude of what they have done. When the dust settles this will either work, and the money they have pushed into the system will feed though into an inflation shock. Or it will not work because too much damage has already been done, and we will see continued financial deterioration, causing further economic deterioration, with the risk of a feedback loop." China, Saudi Arabia and others are making, or talking about, massive gold purchases to preserve their wealth.

I'm sure the terrorist actions in Mumbai will be blamed on the ever-present "Data Base," better known to most of us as Al Qaeda or Al CIAda. Or Pakistan. Or maybe not. Hmm. So will we now have official reasons to attack Pakistan? Seems like most high-profile "terrorist" attacks lately turn out to be false flag operations designed for other purposes. As this story unfolds, remember the real action is the reaction. Ask "who benefits?" from the response to the Mumbai attacks.

ObamaWatch: The more things change, the more they stay the same.
Obama's retention of Robert Gates as Secretary of Defense promises the continued support and development of a military regime in the US. As reported earlier, the appointment of Rahm Emanuel means continued domination by Israel in foreign policy.