The Dog Poet has written an excellent post on why we should expect multiple crises to ramp up exponentially Any Day Now. I couldn't agree more. Highly recommended. The Global Elite is in trouble. More and more people are waking up, and they have to do something to put a stop to it.
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For all you people who think electing Obama will solve all your problems, you'll love this new video, "The Government Can." For the rest of us realists, we'll be laughing out loud. BHO's credibility continues to dissolve as shown in the 7 Big Lies in his recent Health Care Speech. More on collapsing government credibility below.
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As more news comes in, my sense on the Swine Flu scare right now is that the H1N1 is less virulent than is being publicized. BUT, the scare is being used to push the vaccines, as part financial scam and part eugenics population reduction program to produce vaccine-induced auto-immune disorders and possible create breeding grounds for a more virulent virus mutations.
Judge Napolitano weighs in on mandatory vaccinations in Massachusetts. The Judge is the only bright spot on Fox, and they've relegated him primarily to the internet.
Retired State Trooper Greg Evensen follows up with confirmation of his earlier report that the mandatory vaccination program will include stainless steel bracelets with microchips. Boston already has such a vaccination tracking system.
Dr. Russell Blaylock has a 4-part video on "What To Do If You're Forced to Take the Swine Flu Shot."
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As government becomes increasingly impotent to deliver on its promises, and as the public continues to awaken to the coup that has place the USGov under the direct control of the large banks and financial institutions at the expense of their long-range well-being, we'll see more outrage. The Tea Parties and 912 events are just part of the beginning.
Now we see graffiti appearing at Walgreen's warning of Swine Flu vaccine dangers. Protesters are appearing at drive through vaccination stations handing out literature. They report that some people are turning away as a result, saving them and their children from the vaccine side-effects.
It is also becoming apparent that the entire Homeland Security apparatus has been set up primarily to control the American people themselves. The MIAC reports, the DHS Terrrosim Lexicon, FEMA drills involving foreign military to police the US, and increasing armed military presence in civilian policing situations all point to this for anyone who has eyes to see and is not afraid to think the worst.
Feds Probe Census Working Hanging in Kentucky - Rahm Emanuel, the Israeli agent controlling Obama, hates to let a good crisis go to waste. Now he has a reason to label all who protest the unconstitutional parts of the census (most of it) as potential "domestic terrorists." The MSM drumbeat is already starting. See how obvious it is that the biggest threats to civil order are precisely those people who still believe in the US Constitution?
If you're a Constitutionalist, the nice government men are preparing a "Civilian Inmate Labor Program" to rehabilitate you in a FEMA camp. I hope to review the new video, Camp FEMA, for you next week. I hear it is a blockbuster, and should expose Glenn Beck's lies when he feebly tried to debunk their existence last spring.
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Although I've seen numerous reports over the years that Osama Bin Laden has been dead since December of 2001, his corpse is brought out like El-Cid on horseback whenever the PTB needs another terrorism booga booga.
The latest bin Laden fake several weeks ago was audio only, as most of them are, and of very poor quality. Isn't it surprising how the average dumbed down American believes that bin Laden masterminded the defeat of the US intelligence agencies and air defense from caves in Afghanistan, but can't afford a $100 video camera to deliver realistic video and audio messages of bin Laden that can easily be verified? Remember: Al Quada (al CIAda) is fake. (See the quote at the upper right hand of the blog.)
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War with Iran looks increasingly inevitable. Iran has dumped the US dollar for the Euro to protect the value of its foreign exchange reserves. Saddam signed his death warrant when he did the same thing prior to the US invasion of Iraq. If you think war with Iran will be a good thing, realize that the wars in Iraq and Afghanistan are helping bankrupt the US, and that both are far from successful. The fallout from war with Iran will likely be radioactive. I hate it when that happens.
Yet our Zionist masters say war with Iran is inevitable unless we impose severe sanctions on Iran. We're hearing all the usual stories about Iranian nukes, atrocities and anything else the MediaWhores can think of to stampede us into war with Iran. We've seen all kinds of "preventative" terrorism ops in the last week to prevent terrorism. So it seems we're likely to get another 9-11 false flag event to conveniently blame on Iran.
Meanwhile, Iranian President Ahmadinehab gave a speech to the UN, much of which could easily be given by any US patriot. But delegates from the US, Canada, Israel and parts of the EU walked out. Nevertheless, he's still a politician in a country where dissent is still suppressed. But that's no reason to go to war with yet another country.
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For a good look at how the world really works, check out the interview with whistleblower Sibel Edmonds in "The American Conservative." Though she has been under a gag order for years, much of her story has gotten out. Now that she has spoken out, the MSM is ignoring this detailed story that implicates high level neocons, congressman and the Chicago machine as well as the Israeli and Turkish lobbies.
For another look check out this interview with ex-Congressman James Traficant who just got through serving seven years in prison after being targeted by AIPAC. Israel dominates much of our media, Congress, domestic and foreign policy. How many of you have a knee-jerk reaction that we have to defend Israel at all times and for all reasons? Where did that come from? (Watch all 3 segments.)
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The Federal Reserve has admitted to gold swap arrangements that result "in the surreptitious international central bank manipulation of the gold price particularly and the currency markets generally." Seems GATA has been right all along about gold price rigging. Those who have ears to hear will realize that the gold price has been kept artificially low for a long time. You know what that means? Ever try holding a basketball under water for a long time? Maybe it will hit $1500 before year-end. Certainly, if war breaks out with Iran.
Speaking of gold, housing prices have fallen by 2/3 since their 2005 peak -- if priced in gold. Worth thinking about: "Priced in gold, the median house bought 460 ounces of gold in 2001 and 490 ounces at the peak in 2005--a gain of 6%, considerably less than the nominal price in dollars. Had a homeowner eschewed the blandishments of the housing bubble in 2001 and sold his/her home for 460 ounces of gold and rented for eight years, he/she could now buy a home for 160 ounces of gold and have 300 ounces in hand."
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You've got to see the pics of Omar Khadafy's female body guards, his "Amazon guard." If two pictures are worth 2,000 words, I can't even begin to think of what they are!
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This weekend I'm going to post some great articles on who the Global Elite is and what their plan for the New World Order is. Be sure to check for it.
Grace and Peace and Courage to You!
Showing posts with label Federal Reserve. Show all posts
Showing posts with label Federal Reserve. Show all posts
Thursday, September 24, 2009
Thursday, September 10, 2009
The Creature, Glenn Beck and the New 9-11
Today I finished reading The Creature from Jekyll Island by G. Edward Griffin. I highly recommend you read this incredible history of central banking and how it is the essential means of control for those who desire to enslave all the people of the world in a high-tech feudalism. It has taken me forty years of study to finally come to understand the reality of the nature of this evil cabal.
Creature is not a dry history, but an amazing explanation of how the modern world works and how we got into the mess we're in. If every semi-free thinking American read this, we could stop the destruction of our country. Believe me, destruction of our economy and our liberty is the plan. If you're too "busy" or apathetic to read the book or to cool to become alarmed and get involved, then you are part of the problem. Don't believe me? Read the book and then tell me.
It is clear to me that it is patriotic Americans who honor the Constitution, the Bill of Rights and Christianity, the middle class, who are the greatest obstacle to the imposition of the New World Order on us.
Americans are Serfs Ruled by Oligarchs -- if you naively think that you live with "freedom and democracy," you had better check your premises.
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We are under increasingly great danger of the acute crisis I began warning about August 11. For all the reasons listed, the PTB needs a crisis of at least the magnitude of 9-11 to seize even more control and snuff out rising opposition to its policies. Warnings of the release of dirty nukes on selected US population centers have been released countless times in the last eight years. Here's a recent one. The "dog poet" at the Smoking Mirrors blog goes into greater detail that we're on the cusp of the s**t hitting the fan (warning: strong language). See also his "9-11 Fish Head Flu Pandemic."
BTW, here's how the same author writes about how the central bankers foment wars all over the globe, usually supporting all sides: "What actually happens is that a group of bankers have determined that they can make money six different ways by initiating a conflict between two or more nations. They create the lies and tensions that lead to whipping up the publics anger at a manufactured boogeyman then they lend counterfeit money at interest to all parties; they sell them the weapons and supplies needed, they run the black market operations, they steal the resources and they provide the financing and companies that carry out the rebuilding of what they destroyed but there’s a lot more than that. You would be surprised."
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Glenn Beck is the latest establishment tool to control and deflect Americans with conservative inclinations. Does that rile you a little bit? Then read on and do your research.
This article lays out the truth about Beck as well as anything I've seen.
Beck was recently employed by Rupert Murdock to become a leader of the controlled opposition. While he will tell the truth about many things, he avoids speaking about critical issues that could lead to a better understanding of the way the world really works. Or when he does speak, he belittles, criticizes or ridicules, swaying an unthinking, uncritical, largely uninformed audience in the process.
Funding, even raising up, controlled opposition is a well-practiced tactic by the Powers That Be to maintain control and inject misinformation into the population. Lenin said: "The best way to control the opposition is to lead it."
For example, William F. Buckley, the acknowledged founder of the modern conservative movement and of National Review, was on the CIA payroll from the beginning. The conservative movement helped drown out the budding libertarian movement spawning from the Austrian economist, Ludwig von Mises. Conservative intellectuals hate libertarians because they actually believe in real economic and social freedom for all and don't believe in special rights or subsidies for any group.
Beck is not a libertarian, but a neo-conservative. Beck has ridiculed Ron Paul, 9-11 truthers, those who question Obama's US birth, 9-11 families, exposers of FEMA concentration camps, just to name those I remember from my reading. Whose purposes does he serve with such deception? That's how effective propaganda works -- expose a fair amount of truth, mixed with disinformation and omission to keep the public in the dark.
The sad truth is that if a person doesn't have the background from independent research, and if they delude themselves with the idea that the mainstream media wouldn't knowingly lie for fear of exposure (no one believes it when they are exposed), this ruse will succeed.
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Chemtrails - If you don't tell others, who will? - I'm continually amazed about how many people not only don't recognize that the massive chemtrail spraying of the last 10-12 years is qualitatively different from the contrails we grew up with, but have absolutely ZERO curiosity as to what they are. H.L. Mencken said no one ever went broke underestimating the intelligence of the American people. Sadly, I'm beginning to think he was right. A friend asked me yesterday how the German people could allow the rise of national socialism. I told him it is for the same reasons it is happening here. If you're curious about chemtrails, you might like this movie, Toxic Skies.
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Obama has created 25 new "czars," up to a total of 32 so far. These high-ranking officials are not constitutionally authorized. Why does Congress allow them? Why do we? Here's another good article on Sen. Jay Rockefeller's bill that would allow the President to appoint a cyber czar and impose more draconian controls on the internet. The PTB hates the free flow of information on the internet. Will you fight to protect your freedom to obtain information?
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The Cabal (Global Elite, PTB, Illuminati, Mammon, whichever appellation you prefer) has great control, but they can be defeated. But not by arm chair spectators. We need warriors and builders. As in the days of Nehemiah, we need to carry a trowel in one hand as we go about our daily work and rebuild the wall; we also need to carry a sword in the other, to fight our enemies. And we need to fight against the modern Sanballots and Tobiahs, Cynicism and Apathy.
Choose this day who you will serve, God or Mammon.
Grace and Peace and Courage to You!
Creature is not a dry history, but an amazing explanation of how the modern world works and how we got into the mess we're in. If every semi-free thinking American read this, we could stop the destruction of our country. Believe me, destruction of our economy and our liberty is the plan. If you're too "busy" or apathetic to read the book or to cool to become alarmed and get involved, then you are part of the problem. Don't believe me? Read the book and then tell me.
It is clear to me that it is patriotic Americans who honor the Constitution, the Bill of Rights and Christianity, the middle class, who are the greatest obstacle to the imposition of the New World Order on us.
Americans are Serfs Ruled by Oligarchs -- if you naively think that you live with "freedom and democracy," you had better check your premises.
____________________________________________
We are under increasingly great danger of the acute crisis I began warning about August 11. For all the reasons listed, the PTB needs a crisis of at least the magnitude of 9-11 to seize even more control and snuff out rising opposition to its policies. Warnings of the release of dirty nukes on selected US population centers have been released countless times in the last eight years. Here's a recent one. The "dog poet" at the Smoking Mirrors blog goes into greater detail that we're on the cusp of the s**t hitting the fan (warning: strong language). See also his "9-11 Fish Head Flu Pandemic."
BTW, here's how the same author writes about how the central bankers foment wars all over the globe, usually supporting all sides: "What actually happens is that a group of bankers have determined that they can make money six different ways by initiating a conflict between two or more nations. They create the lies and tensions that lead to whipping up the publics anger at a manufactured boogeyman then they lend counterfeit money at interest to all parties; they sell them the weapons and supplies needed, they run the black market operations, they steal the resources and they provide the financing and companies that carry out the rebuilding of what they destroyed but there’s a lot more than that. You would be surprised."
_________________________________________
Glenn Beck is the latest establishment tool to control and deflect Americans with conservative inclinations. Does that rile you a little bit? Then read on and do your research.
This article lays out the truth about Beck as well as anything I've seen.
Beck was recently employed by Rupert Murdock to become a leader of the controlled opposition. While he will tell the truth about many things, he avoids speaking about critical issues that could lead to a better understanding of the way the world really works. Or when he does speak, he belittles, criticizes or ridicules, swaying an unthinking, uncritical, largely uninformed audience in the process.
Funding, even raising up, controlled opposition is a well-practiced tactic by the Powers That Be to maintain control and inject misinformation into the population. Lenin said: "The best way to control the opposition is to lead it."
For example, William F. Buckley, the acknowledged founder of the modern conservative movement and of National Review, was on the CIA payroll from the beginning. The conservative movement helped drown out the budding libertarian movement spawning from the Austrian economist, Ludwig von Mises. Conservative intellectuals hate libertarians because they actually believe in real economic and social freedom for all and don't believe in special rights or subsidies for any group.
Beck is not a libertarian, but a neo-conservative. Beck has ridiculed Ron Paul, 9-11 truthers, those who question Obama's US birth, 9-11 families, exposers of FEMA concentration camps, just to name those I remember from my reading. Whose purposes does he serve with such deception? That's how effective propaganda works -- expose a fair amount of truth, mixed with disinformation and omission to keep the public in the dark.
The sad truth is that if a person doesn't have the background from independent research, and if they delude themselves with the idea that the mainstream media wouldn't knowingly lie for fear of exposure (no one believes it when they are exposed), this ruse will succeed.
____________________________________________
Chemtrails - If you don't tell others, who will? - I'm continually amazed about how many people not only don't recognize that the massive chemtrail spraying of the last 10-12 years is qualitatively different from the contrails we grew up with, but have absolutely ZERO curiosity as to what they are. H.L. Mencken said no one ever went broke underestimating the intelligence of the American people. Sadly, I'm beginning to think he was right. A friend asked me yesterday how the German people could allow the rise of national socialism. I told him it is for the same reasons it is happening here. If you're curious about chemtrails, you might like this movie, Toxic Skies.
____________________________________________
Obama has created 25 new "czars," up to a total of 32 so far. These high-ranking officials are not constitutionally authorized. Why does Congress allow them? Why do we? Here's another good article on Sen. Jay Rockefeller's bill that would allow the President to appoint a cyber czar and impose more draconian controls on the internet. The PTB hates the free flow of information on the internet. Will you fight to protect your freedom to obtain information?
____________________________________________
The Cabal (Global Elite, PTB, Illuminati, Mammon, whichever appellation you prefer) has great control, but they can be defeated. But not by arm chair spectators. We need warriors and builders. As in the days of Nehemiah, we need to carry a trowel in one hand as we go about our daily work and rebuild the wall; we also need to carry a sword in the other, to fight our enemies. And we need to fight against the modern Sanballots and Tobiahs, Cynicism and Apathy.
Choose this day who you will serve, God or Mammon.
Grace and Peace and Courage to You!
Sunday, September 6, 2009
The Watchman Reports
I've had friends advise me that I should put a rest to all this concern about the future and instead spend my time focusing only on the positive and "smelling the roses." Somehow noticing and talking about the evil trends in the world somehow empowers the evil, and I suppose that if I instead go about my business and think about other things, the evil will go away.
I've thought much about this, but I keep coming back to the fact that most people are, in fact, oblivious to much of the evil and going about their daily routine in a kind of blissful ignorance. Yes, they're aware we're in a difficult time, but in their experience, things always seem to muddle through and work out.
What I keep coming back to is that in spite of their smelling the roses, things just get worse. Folks, I'm just trying to do my job. I think that each of us have a God-given calling and destiny, a purpose for which we are created. Mine seems to be that of a watchman on the wall. It comes naturally to me. You may want to pin it on my childhood traumas, etc., and that's okay. I just need to my job and you need to do yours. Both are addressed in Ezekiel 33:6:
"But if the watchman sees the sword coming and does not blow the trumpet to warn the people and the sword comes and takes the life of one of them, that man will be taken away because of his sin, but I will hold the watchman accountable for his blood."
Proverbs 14 seems to apply also: "(vs. 8)The wisdom of the sensible is to understand his way, but the foolishness of fools is deceit. . . . (12) There is a way which seems right to man, but its end is the way of death." No doubt we are to trust God in all things, but I see nothing in God's Word about fatalism or that negates the idea of taking personal responsibility for decisions in our sphere of influence, including those of citizenship.
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WHO Admits to Releasing Pandemic Virus into Population Via "Mock-Up" Vaccines. The truth is sordid, and Big Pharma stands to gain. The virulence of the H1N1 "swine flu" virus has not been shown, but you are being urged to take the vaccine before it is tested. If you or your family take it, you will be human guinea pigs. The mercury-based preservative thimerosal and adjuvent squalene will likely be part of the toxic cocktail. If you value your health, think twice about taking the jab.
The Massachusetts State Senate has already passed a Pandemic Response Bill that now awaits how passage. It is a prescription for medical martial law. You might find this template from the state of Iowa for “Forced Confinement” in a “Quarantine Facility” interesting. What do you want to bet your state has something similar?
I'm reading "The Creature from Jekyll Island." If you want to clearly understand what money is and is not; if you want to understand what a total scam the Federal Reserve System if and how it allows the bankers and government to rob the people of their paychecks and savings; if you want to understand how central banking is at the root of economic cycles and war; then you must read this book. The Money Magicians are robbing us blind, and most people don't understand this. If we are to have any chance at all to preserve what freedom we have and expand it for our progeny, then we all must work in our spheres of influence to spread the truth about this evil system. If this sounds crazy to you, then realize that you have bought the lie.
In the context of the fraudulent practices of the central bank, you might like this article by Martin Armstrong, former head of Princeton Economics. He asks: “Is gold is headed to $5,000 an ounce?” More rightly put, he is really asking if the value of the US Dollar will fall by another 80% where it will take five times as many dollars to by an ounce of gold? Given the $25 Trillion in obligations assumed by the Bush-Obama administrations that can only be paid by printing more Federal Reserve Notes out of thin air, this may well be a conservative figure. Fed Chairman Bernanke seems determined to take us down the same monetary path as Zimbabwe. Did I mention the more than a Quadrillion $ of derivatives outstanding that threaten to wash away all paper-based investments as if they were sand castles on the beach? Take heed and buy gold, silver and food storage for the coming chaos while you still can.
Is it just a coincidence that China wants to remove all its gold reserves from depositories in New York and London and store them in a newly-built high security vault in Hong Kong? If the many rumors are true about Wall St. financial houses shorting gold without the required collateral, then the potential for a rapid price rise due to short covering is ripe. See this prescient article by Jim Willie, replete with interesting charts for those who want technical confirmation.
Alas, I have friends and family who all have utmost faith in the system and in their conventional investment advisors. Seems I'm the eccentric friend/uncle/brother/son that is crazy enough to believe in evil cabals conspiring to take our wealth and liberty by any and all means necessary. They rely on such trustworthy stalwarts as the Wall Street Journal and Fox News (and friends) to soothe their fears and assure them everything will be all right, especially if we'll let them do our thinking and trust them to tell us when there is really something to be concerned about.
I haven't told them yet about my chance encounter last spring with Paul Gigot, editor of the Wall St. Journal, when he with all seriousness assured me the the Federal Reserve is part of the Federal Government. I was so flabbergasted at such a blatant lie from one in a position to know better, that I asked him if he was a member of the CFR and Bilderberg Group. Yes, he had been to the latest BG meeting (where they're earnestly planning for One World Government), but he was no longer a member of the CFR. Gigot slowly transformed into Jabba the Hut in my imagination, looking for a tender infant for lunch.
A Russian Warns Americans Against a Communist Takeover. Leave it to survivors of the former USSR to warn Americans we are rapidly becoming a Soviet government. Obama even has the audacity to tell us the blatant truth that many of his appointees are czars, and we chuckle oblivious to what that means.
Here's more on exposing the 9-11 attacks as a false flag inside job. I am amazed at how people will go to great lengths to avoid the obvious conclusion that the official conspiracy theory of the Bush administration was a fairy tale. They don't understand the sinkings of the Maine and Lusitania, the truth about Pearl Harbor, and probably not even the Gulf of Tonkin incident. The public schools and mind-numbing TV networks have done their job well. (Here are 200 questions for inquiring minds.)
Interested in “The Illuminati?” Watch this short video (if it is still available – the first one lasted a day). Seems the Illuminati and their minions have one thing in common. If you notice and name on it, you might be called “anti-semitic.” (Just like critics of Obama and his policies are “racists.”)Seems that “political correctness” is a primary tool of censorship and thought control. Who wudda thunk it!
The PTB hate the internet. Now the common folk have access to real news, not the pablum served by the Mainstream Media. Elites have always maintained their power by the control of information, and don't like what an uncensored internet is doing to their control of perceived reality. Senator Jay Rockefeller (bankster alert!) has often expressed his dismay about the evils of the internet. Now Rockefeller has introduced a revised version of his bill to give the government a “kill switch” for the internet whenever they declare a national emergency. In emergencies is when we need the self-organizing features for the dissemination of information allowed by the internet. Rockefeller also thinks that cyber security specialists need to be certified by the government, despite the fact that there is a growing private industry already providing such services.
Sunday, April 12, 2009
Conpiracy Theories and You
Perhaps the greatest barrier most Americans have to correctly analyzing current events is a knee-jerk rejection of "conspiracy theories." The more educated a person is, the more they quickly dismiss conspiracies as simple-minded, false explanations for events manifesting from mysterious "forces of history." The idea of humans acting in secret to achieve illicit goals is a preposterous offence to rational thinking, as all respectable people know!
From birth we've been taught that in politics what you see is what you get. We've been told that the Mainstream media and so-called Alternative media are telling us the truth, the whole truth, about political and economic events. If there were any conspirators manipulating events behind the scenes, then some insider would spill the beans, making millions in the process and becoming a national hero for his courage. Therefore, while most people acknowledge the conspiratorial actions of small town politicians and their local power structure, there are no conspiracies of national or international consequence. Question: who benefits by this belief?
Even though I once held this view, I now know it is purposefully created delusion. Yet I hear it repeated every day.
President John F. Kennedy thought otherwise, and courageously said as much in a speech to the press three months after taking office. (View video.)"Kennedy was a big supporter of the Constitution, he was against the tyranny of big government. He wanted to withdraw US troops from Vietnam. He wanted to abolish the CIA and Federal Reserve, and he warned us of criminal elements within the establishment who wanted to seize an opportunity to restrict people's freedoms. He urged the press to be more open and to fulfill its obligation to inform the American people about pertinent facts. And on top of that he spoke openly and candidly about the dangers of secret societies and their influence over the way government works. So is it any wonder that he was dramatically silenced only two years after making this epic speech?"
One of the best introductions to the subject you can get free. You can download Dr. Gary North's Conspiracy: A Biblical View here. If you still think there are no significant conspiracies, read this or stop speaking and thinking nonsense. The crises of our times are much too dire for you to choose agnosticism or obtuseness about this issue.
For a small taste of the role of the Rockefeller Foundation in promoting globalism and the subversion of American sovereignty, read Dr. Dennis Cuddy's "The Rockefeller Plan." The rich and powerful play by different rules than we ordinary folk, and have different goals in mind when there is no practical benefit to earning more money.
Our financial crisis is an engineered crisis. Like the 9-11 attacks, what we're seeing is a controlled demolition of the economy in favor of the Global Elite. Financial insiders ("Wall Street" for short) engaged in massive fraud and theft prior to the emergence of the crisis, with blatant thievery taking place now. Watch this remarkable Bill Moyers interview with William Black discussing the blatant, high-level fraud by Wall Street CEOs that makes Bernie Madoff look like an amateur.
Some estimate that the theft (er, "bailout") so far is over $12 Trillion -- equal to the national GDP! The capital structure of the US is being stolen right before our eyes, in defiance of, and to the extreme detriment of, the people. It has been said that the last official act of any government is to loot the country before it leaves.
Goldman Sachs is the largest ultimate recipient of bailout funds, and just so happens to be the source of so many Treasury Secretaries and staff. Federal Reserve Chairman Bernanke resists Congressional calls to show who are the recipients of bailout money that transforms future American generations into indentured servants. (Or maybe we will just see our currency destroyed, along with the middle class and retirees, as has happened three times this century in Argentina.) Read The Creature from Jekyll Island for a detailed account of the big bankers conspired to create the insidious Federal Reserve Bank. The power to print money is the power to control countries.
Look at how the FBI created a "strategic alliance" with the Mortgage Bankers Association early in the unfolding crisis, and how this has led to a condition where there have been NO indictments for fraud so far -- although one industry observer believes there at least 500,000 cases of mortgage fraud that have been perpetrated by lenders! Conspiracy? Heaven forbid!!
Or take a look at the circumstances surrounding the exposure of the sex scandal that bounced Elliot Spitzer from the New York Governor's office. Just a few weeks after his detailed attack in the Washington Post on the Bush administration for its collusion with predatory lenders, the FBI went public with its report on Spitzer and prostitution. With all the real problems in the US, then why is the FBI involved in enforcing prostitution laws, unless they are being used as a political
From birth we've been taught that in politics what you see is what you get. We've been told that the Mainstream media and so-called Alternative media are telling us the truth, the whole truth, about political and economic events. If there were any conspirators manipulating events behind the scenes, then some insider would spill the beans, making millions in the process and becoming a national hero for his courage. Therefore, while most people acknowledge the conspiratorial actions of small town politicians and their local power structure, there are no conspiracies of national or international consequence. Question: who benefits by this belief?
Even though I once held this view, I now know it is purposefully created delusion. Yet I hear it repeated every day.
President John F. Kennedy thought otherwise, and courageously said as much in a speech to the press three months after taking office. (View video.)"Kennedy was a big supporter of the Constitution, he was against the tyranny of big government. He wanted to withdraw US troops from Vietnam. He wanted to abolish the CIA and Federal Reserve, and he warned us of criminal elements within the establishment who wanted to seize an opportunity to restrict people's freedoms. He urged the press to be more open and to fulfill its obligation to inform the American people about pertinent facts. And on top of that he spoke openly and candidly about the dangers of secret societies and their influence over the way government works. So is it any wonder that he was dramatically silenced only two years after making this epic speech?"
One of the best introductions to the subject you can get free. You can download Dr. Gary North's Conspiracy: A Biblical View here. If you still think there are no significant conspiracies, read this or stop speaking and thinking nonsense. The crises of our times are much too dire for you to choose agnosticism or obtuseness about this issue.
For a small taste of the role of the Rockefeller Foundation in promoting globalism and the subversion of American sovereignty, read Dr. Dennis Cuddy's "The Rockefeller Plan." The rich and powerful play by different rules than we ordinary folk, and have different goals in mind when there is no practical benefit to earning more money.
Our financial crisis is an engineered crisis. Like the 9-11 attacks, what we're seeing is a controlled demolition of the economy in favor of the Global Elite. Financial insiders ("Wall Street" for short) engaged in massive fraud and theft prior to the emergence of the crisis, with blatant thievery taking place now. Watch this remarkable Bill Moyers interview with William Black discussing the blatant, high-level fraud by Wall Street CEOs that makes Bernie Madoff look like an amateur.
Some estimate that the theft (er, "bailout") so far is over $12 Trillion -- equal to the national GDP! The capital structure of the US is being stolen right before our eyes, in defiance of, and to the extreme detriment of, the people. It has been said that the last official act of any government is to loot the country before it leaves.
Goldman Sachs is the largest ultimate recipient of bailout funds, and just so happens to be the source of so many Treasury Secretaries and staff. Federal Reserve Chairman Bernanke resists Congressional calls to show who are the recipients of bailout money that transforms future American generations into indentured servants. (Or maybe we will just see our currency destroyed, along with the middle class and retirees, as has happened three times this century in Argentina.) Read The Creature from Jekyll Island for a detailed account of the big bankers conspired to create the insidious Federal Reserve Bank. The power to print money is the power to control countries.
Look at how the FBI created a "strategic alliance" with the Mortgage Bankers Association early in the unfolding crisis, and how this has led to a condition where there have been NO indictments for fraud so far -- although one industry observer believes there at least 500,000 cases of mortgage fraud that have been perpetrated by lenders! Conspiracy? Heaven forbid!!
Or take a look at the circumstances surrounding the exposure of the sex scandal that bounced Elliot Spitzer from the New York Governor's office. Just a few weeks after his detailed attack in the Washington Post on the Bush administration for its collusion with predatory lenders, the FBI went public with its report on Spitzer and prostitution. With all the real problems in the US, then why is the FBI involved in enforcing prostitution laws, unless they are being used as a political
hit squad? Connect the dots. Get the picture?
On top of all this is the move to implement the Global Elite's long-range dream of a World Government. British PM Gordon Brown, Henry Kissinger and many others are openly calling for a New World Order, along with calls for a new global reserve currency and central bank. Plans to do this emerged in the aftermath of the recent G20 meeting.
Want to change this through the political process? Think Obama will bring real change from the direction we're going? Then think through what Insider historian Carroll Quigley said in his seminal book, Tragedy and Hope: "The two parties should be almost identical, so that the American people can 'throw the rascals out' at any election without leading to any profound or extensive shifts in policy."
Jesse Ventura, ex-Minnesota Governor and ex-professional wrestler, has said that American politics is much like professional wrestling. He should know. The false left-right paradigm gives the appearance of opposition, but in reality, the Elite owns all major candidates and Presidents. Mavericks like Dennis Kucinich, Ralph Nader and Ron Paul are ridiculed by the Mainstream media, while washed up has-beens like John (Keating Five) McCain, are resurrected over a cold January weekend to fill one side of the fight card.
Obama is just the latest manifestation of political continuity, appearing as change, in at least the last hundred years of American politics. The idea that Obama emerged from nowhere on a swell of grassroots support to capture the Presidency and decisively change America for the better is an infantile fantasy, a manifestation of magical thinking. If you believe that, I have some US Treasury Bonds I'd like to sell you! And if you think that Obama is not totally in the pocket of the Global Elite and Wall Street, then you might like some Credit Default Swaps, too!!
Remember: the real issue is not the false left-right paradigm that confuses political thinking. It is liberty vs. power, or as George Ure at UrbanSurvival.com (must reading with your morning coffee) says, the PTB vs. the people. He comments on the results of recent political polling: "When the cross-tabbing and interviewing's done, turns out the partisan gap between the republicorps and the democorps is at its widest in a long spell. Now that is useful information. When the real 'balance of power' in the world is between the 'haves and the have-nots, notice how the partisan lines/ vertical axis get ramped up in order to suck people back into the right/left paradigm, rather than the horizontal axis which defines vertical position: the PTB vs. the people... something to ponder, doncha think?" Yes, please think, dear reader.The bottom line of all this is that conspiracies are common thoughout history, and are happening today. Too many of us are like Dorothy in the Wizard of Oz. We're mesmerized by the sound and fury put on by the Wizard. Instead, we should have the courage of Toto to look behind the curtain. Only then will we be able to understand what's happening, and maybe chart a different course than the Criminal Elite has in store for us. If we choose, instead, not to look, then we're without excuse in our chosen victimhood.
Grace and Courage and Peace to You!
Saturday, March 28, 2009
Zombie Banks and Fiat Currencies
Important: Watch The Obama Deception and pass it on to your friends. Quit thinking about politics in terms of Left-Right. We have a one-party system, the Demopublicans, controlled by the same owners. Start developing the Big Picture. Time is short!
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The Federal Reserve has chosen to try to save the economy and the Big Banks at the cost of destroying the value of the dollar. On March 18 the Fed announced it would monetize $300 billion of Treasury Bonds by printing up the money to purchase them. Hyperinflation is on the way. With buyers of soon to be worth-less dollar-denominated debt dwindling, the Fed has chosen the "Weimar Solution" to deal with our sky-rocketing debt load.
Germany's decision to debauch its currency to pay its World War I reparations wiped out the middle class and led to the rise of Hitler. History repeats itself. "The best way to destroy the capitalist system is to debauch the currency," said Lord Keynes, the guiding light the politicians in the District of Corruption. We have our charismatic leader and are moving rapidly into Moussolini-style fascism.
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The Federal Reserve has chosen to try to save the economy and the Big Banks at the cost of destroying the value of the dollar. On March 18 the Fed announced it would monetize $300 billion of Treasury Bonds by printing up the money to purchase them. Hyperinflation is on the way. With buyers of soon to be worth-less dollar-denominated debt dwindling, the Fed has chosen the "Weimar Solution" to deal with our sky-rocketing debt load.
Germany's decision to debauch its currency to pay its World War I reparations wiped out the middle class and led to the rise of Hitler. History repeats itself. "The best way to destroy the capitalist system is to debauch the currency," said Lord Keynes, the guiding light the politicians in the District of Corruption. We have our charismatic leader and are moving rapidly into Moussolini-style fascism.
As Gary North put it, we are now on the road to a never-ending series of bailouts until the dollar evaporates, like the German Mark of the 1920's, or more recently, the Zimbabwe dollar. Whatever debt remains, our grandchildren get to pay.
"The response of the FED and the Treasury has been to increase the national debt, increase the issuing of fiat money, and swapping toxic assets for AAA-rated T-bills at face value. All of this has put at risk the solvency of the government, the stability of the dollar, and the economic futures of most Americans. . . . Bailouts always come at the expense of the majority of taxpaying citizens. The FED and the Treasury can and do subsidize big banks. The biggest banks will be protected from bankruptcy by the existing political structure. But these narrow subsidies must be paid for. They will be paid for by four groups: those who buy and hold Treasury debt; those who buy and hold dollar-denominated assets; those who are dependent on fixed dollar income; and taxpayers in the higher brackets.
If you are a member of one or more of these groups, your future is at risk. Your dreams are being sacrificed by the money managers who enjoy operating in a nice cartel. They have gained the support of the senior decision-makers in the U.S. Treasury, which is staffed by representatives of the cartel."
You can subscribe to Gary's free, twice-weekly newsletter here. You also get the free Daily Reckoning at the same time.
George Soros, who made billions on international currency devaluations, recently predicted a 30% drop in the value of commercial real estate along with hyper inflation. The LA Times calls the collapse of retail stores in New York City a "second, silent 9-11." We're headed for systemic failure. Gerald Celente predicts unemployment of at least 25%, food riots, and economic Armageddon by 2012. Along the same lines, another writer predicts "the end of America." He moved to Ecuador to experience "stability."
The Federal Reserve, and its money-creation scam, is at the heart of the problem. It is the source of our boom-bust cycle and monetary inflation that has a $20 gold piece selling for almost $1,000 Federal Reserve Notes (FRNs) today. It is imperative that you understand the system. We must all understand it, and work to abolish the Fed and return to sound money. Freedom to Fascism and Money as Debt help explain the system. This article article also explains how the Fed operates, and how its actions today are like trying to put out a house fire by pouring gasoline on it.
Yet, SecTreas Timothy Geithner is moving ahead to implement the Treasury reorganization plan proposed by Hank Paulson last October which would put almost all non-bank financial institutions directly under the Fed. This is absolute madness. Yet, most Americans are largely silent while our nation is being destroyed! They squawk about the about the AIG bonuses, but that's small potatoes to the biggest heist in history occurring before our very eyes. Leave it to Rolling Stone to point out how "Wall Street insiders are using the bailouts to stage a revolution." "It's over — we're officially, royally f****d," says the author.
Rep. Dennis Kucinich recommends nationalizing the Fed. Ron Paul says abolish it.
The "end game is approaching." Even as the Fed is now creating FRNs out of thin air to buy US Bonds to store them in their vaults, market action this week indicates that strong (i.e, foreign holders) are selling their T-bonds into the market. This can't keep up. I've reported predictions by reputable sources of US debt default by summer or fall.
Yet I talk to people daily with blind faith, really blind faith, that everything will somehow work out. One of them even bought stocks last week on "inside information." I know people who have their money in dollar-denominated assets, so they can get dividends or interest. Never mind that the purchasing power of the dollar will be dropping by double-digits annually very soon. They would rather have a 3% return in depreciating dollars than preserve the purchasing power of their life savings!
Yet, market old-time Richard Russell says the BIG money will be made in gold. (Actually, the amount of gold will stay the same. It will just make more and more depreciating dollars to buy the same amount.)
Our generation is moving into a crisis like we've never experienced. Our character will be tested as never before. Yet, as a nation, our character is not what it used to be. Just as fiat currency has debased the value of money with price inflation, so has the chasing of materialism and the flaunting of Judeo-Christian values debased our character. So we have to start making repairs to our ethics along with fixing our money.
I don't like writing about this stuff. But folks, we've got to wake up, not just individually, but as a whole. It is time to realize that we're being screwed, to put it mildly. The politicians will not fix it. Wall Street and the Global Elite own them, just like they own the media that should be holding them accountable and shouting warnings from the house tops.
I know everyone is busy trying just to keep a roof over our heads and food on the tables. It has been planned that way. But if you think times are hard now, just wait until we travel farther down this path. What the Global Elite have in store for us is not pretty. So even as I take the time to post this instead of working on my business, I'm asking you to take the time to bring yourself up to speed and help awaken your friends and neighbors. And make preparations for hard times.
There is much more happening than I can hardly keep up with and relate in special reports. You've got to start digging out the news for yourself. Visit the links on the right side of my site regularly to help you stay up with what's important, and not just what the controlled Mainstream Media wants you to know.
The Global Elite and their political representatives are gearing up for social breakdown all over the globe, including here in the US. Total surveillance measures, FEMA concentration camps, militarization of the police and martial law are all in preparation. This summer still promises to be the "summer from hell."
Joel Skousen, in his excellent weekly newsletter (subscribe here) , included a good analysis of the irreparable damage already inflicted on the economy. Notice that the corruption of the Obama administration runs just as deep as in the Bush administration. I offer it as further proof below.
IT'S TOO LATE NOW--THE DAMAGE IS DONE
Despite the wishful thinking of investors and manipulators pushing up stock indices, the Geithner-Bernanke duo is scrambling to avert a complete meltdown of public confidence in their saving powers. Treasury Secretary Geithner is looking more and more like a youthful amateur in his pronouncements and Fed Chairman Ben Bernanke can no longer give a straight or honest answer. New proposals, all without details, are emerging faster than the pundits can praise and absorb them--acting more like cheer leaders than honest analysts, so anxious are they to join with government in turning this pig's ear of a bailout into a recovery purse. Timothy Geithner sought wide regulatory powers to control hedge funds and derivatives, but it's a bit late now that all the cows are out of the barn and aren't coming back. You can't regulate lost trillions back into existence, and badly needed reserve requirements-huge reserves-would take the profitability out of these dangerous derivative hedges.
Treasury Secretary Timothy F. Geithner wants the feds to have power not only to seize banks but also private businesses and insurance companies like AIG. William Branigin and Binyamin Appelbaum of the Washington Post write in typical socialist fashion, "Time is running out on the Obama administration to take control of the banks - and the crisis. 'If this plan fails - as it almost surely will - it's unlikely that he'll be able to persuade Congress to come up with more funds to do what he should have done in the first place." Geithner knows the public is losing patience.
"Mr. Geithner asked Congress today for new regulatory authority for non-bank financial institutions such as insurance giant American International Group in order to 'eliminate gaps in supervision' and avoid potentially catastrophic threats to the nation's financial system. Geithner said such authority would have allowed the government to bail out AIG last year at a far lower cost to taxpayers, a position backed by Federal Reserve Chairman Ben S. Bernanke. The government currently has the authority to seize only banks." The "we need more authority to supervise" is a false excuse. No amount of supervision is going to alter the fact that the derivative markets are never going to be able to pay out what they owe. The money collected in premiums is gone and no reserves were required or kept. This was a ponzi scheme and should be prosecuted as such. The call for the power to seize private firms is the real meat of this proposal and it smacks of nationalization powers.
Geithner has good reason to worry about how all this is going down with the public. After the AIG bonuses, Congress and the public has soured on more bailouts. David Lightman of McClatchy Newspapers said, "Forget about any more bailouts anytime soon. Any Obama administration bid to seek more taxpayer money for failing banks will face stiff resistance in Congress, where Treasury Department credibility is ebbing fast and lawmakers are bowing before a constituent revolt. Its credibility has been badly damaged, with Geithner under withering scrutiny in Congress even as lawmakers' constituents are boiling mad and Republicans are increasingly united in opposing more bailouts."
Despite their ongoing efforts on several different fronts, the PTB weren't able to silence the outcry about AIG bonuses, and worse bonuses were revealed at Merrill Lynch and many other insider institutions getting bailout funds. As Bloomberg News noted, bonuses are just the tip of the iceberg. "The U.S. Treasury Departmentpreserved a payday for five banks that was worth almost 200 times the bonuses handed out at American International Group Inc. through a government rescue." That is right. The largest portion of these bailout funds are not going to increase loanable funds, but are simply preserving administrative load and salaries at institutions that will eventually have to be liquidated.
The most understated bonus horror story of the week was the secret bonuses awarded by Merrill Lynch just before year end. Why the secrecy? Because Merrill Lynch misled Congress in understating its compensation packages for 2008 so as to get Congress to not include 2008 compensation bonuses in the new executive pay restrictions for companies receiving taxpayer bailouts. The defunct investment brokerage turned around and awarded $3.6B in bonuses just days before Bank of America completed acquisition and days before the Jan 1 cutoff allowed by Congress--courtesy of pressure applied by Obama Chief of Staff Rahm Emmanuel on an all-too-willing accomplice in the Senate, Chris Dodd (D-Connecticut). Goldman Sachs has now been forced to reveal that its under-the-deadline bonus and salary payments exceeded $10B ($5B in bonuses!).
With all the talk about bonuses, the public is continually fed the excuse that "we need these bright people to stay so that the taxpayers can get their money back." The money is never coming back and these people know it. On 60 MINUTES on Sunday March 15th, during questioning on the bonus issue, AIG Chairman Edward Liddy stated, under oath, that the bonuses were needed to retain key personnel to "dismantle the company." I think it is obvious they have no intention of paying taxpayers back. Worse, when the company is dissolved, who is going to still have to pay for all the city and county pension funds invested with AIG--that is gone? If you think the government is going to be able to turn them away, you don't know political outrage. So, the taxpayers will pay once again.
INSIDER LOANS SCANDAL
Then there is the issue of the insider loans, just emerging, that makes this banking scandal take on aspects of the Savings and Loan scandals of the 1980 and early 1990s. During those times S&L executives went to jail for giving themselves big loans which contributed to the insolvency of the institutions they ran. Stella M. Hopkins of the Charlotte Observer broke the story. "Banks nationwide hold $41 billion in loans to directors, top executives and other insiders, a portfolio that experts say should be stripped of secrecy [another regulatory loophole put into place years ago].
"Insider lending to directors is particularly troublesome because it could cloud the judgment of people charged with protecting shareholders and overseeing bank management, the experts say. At Charlotte-based Bank of America, those loans more than doubled last year, to $624.2 million -- the biggest dollar jump in the country. The largest of them likely went to three directors of their companies. The surge came during the third quarter as credit markets froze, the government prepared to infuse banks with billions in tax dollars and the board approved the purchase of troubled Merrill Lynch.
"Bank of America ranked fourth on the list of biggest insider lenders. At the top was JPMorgan of New York, which held $1.48 billion in insider loans, mostly by directors or their companies. At No. 2, Charlotte-based Wachovia, which was sold to Wells Fargo of San Francisco at the end of 2008, finished the year with $747 million in insider loans. All of the loans were held by the bank's directors or their companies, with just five holding the largest.
"Insider loans, ranging from home mortgages to multimillion-dollar lines of credit for big companies, are legal but are largely shrouded from public scrutiny. Bank of America's insider loans zoomed in 2008, but no one will say why. Bank of America [one of the most corrupt of the insider banks] vaulted into the top 10 banks for insider lending last year with an increase of more than $358 million, much of it coming as credit markets froze and mounting financial calamity threatened the industry's survival. The bulk of the gain came in the third quarter, when the financial sector entered its meltdown." This means that the big shots where siphoning off available funds, knowing that the coming bailout would replenish them.
Then there is the incestuous relationship between Fannie Mae and Freddie Mac and several of the Congressional banking and finance leaders in both the House and Senate. Rep. Barney Frank claims to be outraged about the financial shenanigans of both AIG and Fannie and Freddie and yet the openly gay Congressman had a multiple year relationship with Herb Moses, an executive for the now-government controlled Fannie Mae. During the same time that Frank had regulatory oversight over Fannie and Freddie, he received over $40,000 in campaign contributions from Fannie Mae and Freddie Mac.
Sen. Chris Dodd (D-CT) of the Senate Finance committee received the most at $134,000. Sen. John Kerry (D-MA) received $111,000, and Sen. Barack Obama received about $106,000. Then Senator Hillary Clinton received $75,500 in campaign contributions from the two semi-government agencies.
Obama's Chief of Staff, Rahm Emmanuel was made a wealthy man by being placed on the Board of Directors of Fannie Mae by his boss, Bill Clinton. According to the Chicago Tribune, "He was named to the Freddie Mac board in February 2000 by Clinton, whom Emanuel had served as White House political director and vocal defender during the Whitewater and Monica Lewinsky scandals.
"The board met no more than six times a year. Unlike most fellow directors, Emanuel was not assigned to any of the board's working committees, according to company proxy statements. Immediately upon joining the board, Emanuel and other new directors qualified for $380,000 in stock and options plus a $20,000 annual fee, records indicate.
"On Emanuel's watch, the board was told by executives of a plan to use accounting tricks to mislead shareholders about outside profits the government-chartered firm was then reaping from risky investments. The goal was to push earnings onto the books in future years, ensuring that Freddie Mac would appear profitable on paper for years to come and help maximize annual bonuses for company brass.
"The accounting scandal wasn't the only one that brewed during Emanuel's tenure. During his brief time on the board, the company hatched a plan to enhance its political muscle. That scheme, also reviewed by the board, led to a record $3.8 million fine from the Federal Election Commission for illegally using corporate resources to host fundraisers for politicians. Emanuel was the beneficiary of one of those parties after he left the board and ran in 2002 for a seat in Congress from the North Side of Chicago [where he continued to receive political contributions from Fannie and Freddie]."
Tuesday, December 16, 2008
As the Worm Turns
Blogogate: More evidence appears that shows Rahm Emanuel was involved in discussions about the replacement for Obama's senate seat. Tony Rezko, who gave the Obama's sweetheart deal on land for their home, is tied up in the scandal. The Chicago Tribune prematurely (on purpose?) released the story before Blago's entire scheme could unfold on tape. Obama continues to insist that he was unaware of any discussions, despite clear implication that he was. Politics, scandal is thy name. Thomas DiLorenzo wonders why the outrage over political "pay-to-play?" That's the norm!
Breaking news: an internal investigation by the Obama team has cleared itself of any wrong doing with Blago. Well, I'm glad that's taken care of!
"Frighteningly accurate trends forecaster Gerald Celente says that America will see riots similar to those currently ongoing in Greece and that the cause will be a hyper-inflationary depression, leading to the inevitable use of troops and mercenaries to deal with the crisis as Americans are incarcerated in internment camps." Fears of riots spread across Europe or, as the head of the IMF fears, worldwide. Anarchy may be our planet's future. This sets the stage for martial law, of course. As a sign of the times, we see more domestic militarization of American law enforcement.
The dollar rally may be over. If you're planning on getting some gold or silver protection for your financial assets, your time is almost up. Using the prices at Goldmasters, the premium for 1 oz. gold eagles is today up to 16%, one-percent higher than last week. If you're still putting off buying gold and silver insurance positions because of deflation, then you'll want to understand how deflation creates hyperinflation.
A "tax holiday" on payroll taxes would be a great way to preserve jobs and stimulate spending at the grassroots, where the people are. With no graft to spread around, such a fair, sensible idea probably has no chance of passing. Instead, we'll get New Deal II, which will fail to pull us out of the Depression, just as its predecessor failed. Only FDR's entering the war with Japan and Germany after his provocation of Japan did that trick.
Breaking news: an internal investigation by the Obama team has cleared itself of any wrong doing with Blago. Well, I'm glad that's taken care of!
"Frighteningly accurate trends forecaster Gerald Celente says that America will see riots similar to those currently ongoing in Greece and that the cause will be a hyper-inflationary depression, leading to the inevitable use of troops and mercenaries to deal with the crisis as Americans are incarcerated in internment camps." Fears of riots spread across Europe or, as the head of the IMF fears, worldwide. Anarchy may be our planet's future. This sets the stage for martial law, of course. As a sign of the times, we see more domestic militarization of American law enforcement.
The dollar rally may be over. If you're planning on getting some gold or silver protection for your financial assets, your time is almost up. Using the prices at Goldmasters, the premium for 1 oz. gold eagles is today up to 16%, one-percent higher than last week. If you're still putting off buying gold and silver insurance positions because of deflation, then you'll want to understand how deflation creates hyperinflation.
As I've warned before on this blog, do not purchase gold and silver ETF's in the belief that you are protecting your assets by holding gold and silver. As substitutes or surrogates for the real thing, they are deficient. They may be convenient, but when the time comes that you want to own gold and silver, you may be left holding the bag instead.
A new study indicates that the Paulsen-Bernanke takeover of the financial services industry was based on unsubstantiated claims that we had a credit crisis. The likely result is hyperinflation as in the Weimar Republic of 1922.
Jim Willie observes that "The USFed has begun to take on some curious similarities to a crime syndicate central clearinghouse. It refuses to disclose which banks received bond swaps, and refuses to reveal what assets it accepted as collateral. Before long, RICO Laws against racketeering might be invoked."
Grassroots activists helped derail the Republican-led effort in Ohio to pass legislation calling for a Constitional Convention. These aren't Goldwater-Reagan Republicans.A "tax holiday" on payroll taxes would be a great way to preserve jobs and stimulate spending at the grassroots, where the people are. With no graft to spread around, such a fair, sensible idea probably has no chance of passing. Instead, we'll get New Deal II, which will fail to pull us out of the Depression, just as its predecessor failed. Only FDR's entering the war with Japan and Germany after his provocation of Japan did that trick.
ObamaWatch: Scotus again refuses to hear Obama citizenship case. Obama could totally defuse the issue by producing a valid Certificate of Live Birth. Tellingly, he has not. With the fix in to seat a Constitutionally unqualified man, Obama will be putty in the hands of his Establishment controllers (as if there was ever any question about it.) Blackmail can accomplish wonders.
Friday, December 12, 2008
The Crisis Continues - More
The cost of the Bailout is up to $8.5 trillion and rising weekly. An "informed" friend of mine yesterday still thinks it's a mere $700 billion. Just goes to show: 1. how effective the mainstream media propaganda is, and 2. how wicked the banksters are. Meanwhile, Jim Rogers declares most large US banks "totally bankrupt." Bob Chapman updates his warning Hyperinflation and then the Second Great Depression. Pension funds are but one of the next shoes to drop.Meanwhile, the Fed refuses to reveal the recipients of $2 trillion in bailout loans. They've also refused to allow an audit of their books, or the gold supposedly in Ft. Knox for years. Ron Paul continues to warn that the Fed's printing of money is the root of the problem. When will the American people wake up to the criminality of the Republicrats and stop playing their two-party game?
QuagmireWatch: Nato is paying protection money to the Taliban to stay in Afghanistan! The West is indirectly funding the insurgency in Afghanistan thanks to a system of payoffs to Taleban commanders who charge protection money to allow convoys of military supplies to reach Nato bases in the south of the country."
ObamaWatch: Is Rahm Emanuel the Obama advisor involved in the reported negotiations to fill the vacated Illinois Senate seat? Why won't he answer questions about whether he had a role? And the facts recorded at the time show that Obama did, in fact, meet with Blagojevich about his replacement. So now do we have Blogogate? It's always the cover-up that gets them.
Joel Skousen, in his latest newsletter, writes that the "fix is in" as the Supreme Court refuses to deal with the issue of Obama's eligibility.
". . . the matter will never be officially resolved. The extent of the collusion to mask Obama's birth place has been widespread. Obama has refused to allow any review of his college and university records. This is surely because his applications for entrance or his applications for financial aid contain statements that either he was foreign born or that he applied for aid as a foreign student. If there wasn't something incriminating there, he would have opened them for review. The State Department refuses to document how Obama got a US passport. Obama never held a US passport until his visit to Kenya, though he traveled to and from the US on several occasions. That means he was traveling under another nation's passport -most likely Indonesia where he was a citizen.
Hawaii continues to collude in this conspiracy by refusing to reveal the source of his mother's Certification of Birth in Hawaii--which is surely falsified since researchers have checked with every single hospital in Hawaii and found no record of his mother giving birth there.
Lastly, the media was in total collusion with this conspiracy. There was a virtual and total blackout . . . . Only this Monday, after the Supreme Court ruled to not hear the case, did all the major media report on it. This indicates they were, indeed, following the story, but deliberately refused to warn the American people of its facts and impact.
The best evidence all points to Obama's birth in Kenya as confirmed by his grandmother, and certified by her translator. Officials in Kenya have also been a party to this conspiracy to deceive. Several officials have stated to Jerome Corsi and others that his birth place is widely known in Kenya--which is proud to have a favorite son occupying the White House. Even the Kenyan Ambassador to the US let it slip in a radio interview that the government was planning an official monument to that fact until he was forced to retract all statements about Obama's birth in Kenya to ensure Obama wouldn't be disqualified."
I highly recommend Joel's excellent weekly World Affairs Brief, which deals with wide-ranging geopolitical stories, with a unique perspective that looks behind the scenes to the way the world really works. A subscription is a bargain for the wealth of information and analysis he provides.
The Fourth Turning is a thought-provoking book I read ten years ago. It identifies a recurring, predictable generational cycle over 500 years of Anglo-American history. This essay gives good reason we're moving into the "Fourth Turning," a generational crisis, as serious as we've ever faced. "America will enter a new era that will culminate with a crisis comparable to the American Revolution, the Civil War, the Great Depression, and World War II. The survival of the nation will almost certainly be at stake."
I highly suggest you read the essay, and the book. We will need all the wisdom and leadership we can muster to come through this crisis with our freedom intact.
And just when we don't need yet another crisis, it seems that the US needs just two more states to ratify a call for a Constitutional Convention (ConCon) to rewrite the Constitution. The issue is currently pending in Ohio.
Wednesday, November 26, 2008
Wednesday, November 26
ObamaWatch:
Ralph Nader presciently writes about The Third Clinton Administration. "The signs are amassing that Barack Obama put a political con job over on the American people. He is now daily buying into the entrenched military-industrial complex that President Eisenhower warned Americans about in his farewell address. With Robert Rubin on his side during his first photo opportunity after the election, he signaled to Wall Street that his vote for the $750 billion bailout of those speculators and crooks was no fluke (Rubin was Clinton’s financial deregulation architect in 1999 as Secretary of the Treasury before he became one of the hugely paid co-directors tanking Citigroup.)" Is Obama trying to reconstruct the economy on a base of sand?
Robert Scheer agrees that Obama sided with Wall Street instead of Main Street. Previously he had engaged Nader in vigorous debate against this idea. Hopefully reality will awaken more Obama zealots that it did with Bush zealots.
My biggest concern about Obama is not a third incarnation of the Clinton administration (though it will be much worse without any effective Republican opposition). It is the parallels with Germany of the 1930's and where that led. We're in 1932-33 now. Others agree. A big push for so-called "hate crimes" legislation is an ominous sign. Laws against "hate speech" will follow. That's just the beginning of his add-ons to the Bush police state.
Still very, very puzzling that the MainStreamMedia is ignoring the story questioning Obama's actual legal status to be President. (The Christian Science Monitor seems to be an exception.) OK, so it isn't puzzling. Not because the story is not valid, but because the term "MainStreamMedia" says it all. Our "free" media is no more free on the big questions than the obviously state-controlled media in Russia, China and elsewhere. It is the same reason why Ron Paul can't get any traction in the media, and Obama can seemingly come from nowhere to get elected. One lawyer promises to file a lawsuit against all Obama directives until the citizenship issue is resolved.
Justin Raimondo writes about the remarkable connection between "The Bailout, the Media, and the War Party." GE, which owns NBC and MSNBC among others, is now a bailout recipient. GE also produces expensive military weapons systems. Will they bite the hand that feeds them? "With the government in control of the commanding heights of the American economy – the financial sector, which, like GE, has its tentacles wrapped around the communications industry – the difference between private and state-controlled media is near abolition. . . . If the government is now buying "shares" in the corporate owners of the major news outlets, then how close are we to some place like Russia, for instance, where the line between economy and state hardly exists and the major media dutifully spout the Kremlin line?"
The US Government has now pledged at least $7.7 trillion to bail out the economy. They might toss a bone to actual consumers instead of powerful banks and corporations. Obama's financial appointments are full of foxes guarding the hen house. The massive looting of America at the highest levels will continue. Where's that money coming from? Is it any wonder that books on the Weimar Republic are popular right now in Washington? Hyperinflation is cooked into the economy now. Prepare for it.
You might want to see a comparison of the bailout to other famous big budget expenditures in US history. Jim Rogers believes that devaluation of the dollar is policy, that the fear-based dollar rally will end shortly after the new year, and that commodities are the best buys for money.
Speaking of bailouts, why is Ford asking for one when they can produce cars at plants like this one in rural Brazil?
A leading Russian financial analyst sees the decline and financial collapse in the US leading to a breakup of the country into at least six regions. Within a year or two he sees the Amero replacing the dollar. Apparently, the financial system came close to collapsing on November 21, when Citigroup was effectively nationalized. We may well see a bank "holiday" shortly after Obama is inaugurated, if not before. Be sure to keep a month's worth of cash stashed.
With all this increasing socialism abounding, let's not forget that it was socialism and communism among the early Puritans that left them starving. It was the switch to capitalism that saved them. It seems that incentives work better than good intentions.
Last Saturday the first nationwide "End the Fed" rallies were held in 39 different states. Fiat money really is the root of all evil. I was priveleged to speak at the Oklahoma City rally. See here , here, here, and here.
For something interesting and off-beat, check out "Giants of the Old World." And it has long been discussed whether mammograms actually promote breast cancer. Worth thinking about.
Ralph Nader presciently writes about The Third Clinton Administration. "The signs are amassing that Barack Obama put a political con job over on the American people. He is now daily buying into the entrenched military-industrial complex that President Eisenhower warned Americans about in his farewell address. With Robert Rubin on his side during his first photo opportunity after the election, he signaled to Wall Street that his vote for the $750 billion bailout of those speculators and crooks was no fluke (Rubin was Clinton’s financial deregulation architect in 1999 as Secretary of the Treasury before he became one of the hugely paid co-directors tanking Citigroup.)" Is Obama trying to reconstruct the economy on a base of sand?
Robert Scheer agrees that Obama sided with Wall Street instead of Main Street. Previously he had engaged Nader in vigorous debate against this idea. Hopefully reality will awaken more Obama zealots that it did with Bush zealots.
My biggest concern about Obama is not a third incarnation of the Clinton administration (though it will be much worse without any effective Republican opposition). It is the parallels with Germany of the 1930's and where that led. We're in 1932-33 now. Others agree. A big push for so-called "hate crimes" legislation is an ominous sign. Laws against "hate speech" will follow. That's just the beginning of his add-ons to the Bush police state.
Still very, very puzzling that the MainStreamMedia is ignoring the story questioning Obama's actual legal status to be President. (The Christian Science Monitor seems to be an exception.) OK, so it isn't puzzling. Not because the story is not valid, but because the term "MainStreamMedia" says it all. Our "free" media is no more free on the big questions than the obviously state-controlled media in Russia, China and elsewhere. It is the same reason why Ron Paul can't get any traction in the media, and Obama can seemingly come from nowhere to get elected. One lawyer promises to file a lawsuit against all Obama directives until the citizenship issue is resolved.
Justin Raimondo writes about the remarkable connection between "The Bailout, the Media, and the War Party." GE, which owns NBC and MSNBC among others, is now a bailout recipient. GE also produces expensive military weapons systems. Will they bite the hand that feeds them? "With the government in control of the commanding heights of the American economy – the financial sector, which, like GE, has its tentacles wrapped around the communications industry – the difference between private and state-controlled media is near abolition. . . . If the government is now buying "shares" in the corporate owners of the major news outlets, then how close are we to some place like Russia, for instance, where the line between economy and state hardly exists and the major media dutifully spout the Kremlin line?"
The US Government has now pledged at least $7.7 trillion to bail out the economy. They might toss a bone to actual consumers instead of powerful banks and corporations. Obama's financial appointments are full of foxes guarding the hen house. The massive looting of America at the highest levels will continue. Where's that money coming from? Is it any wonder that books on the Weimar Republic are popular right now in Washington? Hyperinflation is cooked into the economy now. Prepare for it.
You might want to see a comparison of the bailout to other famous big budget expenditures in US history. Jim Rogers believes that devaluation of the dollar is policy, that the fear-based dollar rally will end shortly after the new year, and that commodities are the best buys for money.
Speaking of bailouts, why is Ford asking for one when they can produce cars at plants like this one in rural Brazil?
A leading Russian financial analyst sees the decline and financial collapse in the US leading to a breakup of the country into at least six regions. Within a year or two he sees the Amero replacing the dollar. Apparently, the financial system came close to collapsing on November 21, when Citigroup was effectively nationalized. We may well see a bank "holiday" shortly after Obama is inaugurated, if not before. Be sure to keep a month's worth of cash stashed.
With all this increasing socialism abounding, let's not forget that it was socialism and communism among the early Puritans that left them starving. It was the switch to capitalism that saved them. It seems that incentives work better than good intentions.
Last Saturday the first nationwide "End the Fed" rallies were held in 39 different states. Fiat money really is the root of all evil. I was priveleged to speak at the Oklahoma City rally. See here , here, here, and here.
For something interesting and off-beat, check out "Giants of the Old World." And it has long been discussed whether mammograms actually promote breast cancer. Worth thinking about.
Sunday, August 3, 2008
Financial Tsunami Update
The economic storm clouds are getting darker. More writers are calling this a financial "tsunami," and more are comparing it with the Great Depression of the 1930's. The only voices of optimism are Paulson, Bernanke and Bush, and the lap dog mainstream press. And their credibility is plummeting.
Yet I find a number of people, in the spirit of American optimism, think I'm exaggerating. They believe the rhetoric that the Fed will fix things and we'll "muddle through" to face the next crisis. How I wish it were so this time.
The truth is, the die was cast a long time ago. When the US dollar was on a gold standard, monetary discipline was imposed on the financial system. With the founding of the Federal Reserve System in 1913 and Roosevelt's abandonment of the gold standard in 1933, we went on a debt standard. Nixon threw out the last vestige of monetary restraint in 1971 when he closed the gold window. Now the US dollar was backed by nothing but debt, and the "full faith and credit" of the US Government (i.e., the printing press in the back room).
Given the proclivities of politicians to spend money and wage war without raising taxes, the fate of the dollar was sealed. The only variable was how long would it take? A good date to pick for the death of the dollar is 2013, the hundreth anniversary of the founding of the Fed.
FDR and LBJ, as well as every administration since, ramped up social welfare spending that could not be funded in the long run, i.e, when the Baby Boomers started retiring. The Federal Government grew into a self-sustaining, expensive bureaucracy that outlasts every President and never stops increasing in size and cost. The military-industrial complex Eisenhower warned about turned the US into a welfare-warfare state, with the resulting Demopublican War Party firmly entrenched in power.
The media had its last hurrah as a watchdog after Watergate and Iran-Contra. Now the top media stars are highly paid celebrities beholden to their corporate masters, with interlocking ownership and directorates with the entire military-corporatist-banking-globalist establishment.
The Bush-Cheney-NeoCon "war on terror" has become a war on America, installing the machinery for a full-blown police state. John McCain and Barack Obama are salivating at the thought of wielding all that power to push their own agendas. Both have pledged to carry on the NeoCon program in the Middle East and subservience to Israeli Zionists. Moreover, Obama is pushing a socialist-communitarian-communist ideology that promises fundamental changes in the rights to life, liberty, property and self-defense that most Americans cherish. But more on politics in another post.
If you still believe things aren't too bad economically, you owe it to yourself to challenge your premises. Your financial future depends on it. Start with a trip to John Williams' excellent Shadow Government Statistics. He exposes in great detail the biased and often-manipulated government economic reporting.
For political reasons, important statistical indicators of economic health have been biased to minimize the bad news about inflation, the federal deficit, unemployment, GDP, etc. This started before Bush II. Williams reconstructs and continues measures the government dropped (like M-3 money supply growth), and recalculates others with their original components (like CPI). The results are staggering.
For instance, by applying Generally Accepted Accounting Practices to the US Government, we're adding an average of $4.6 Trillion a year to our indebtedness! The Federal Net Worth was a negative $57.1 Trillion at the end of 2007!! There is no way to tax or grow our way to solvency. And the politicians seem determined to keep printing money out of thin air to bail out the financial system and cover our obligations.
A must read is his comprehensive report "Hyperinflation." If you will take time to study this well-written 27-page report, you will see why he says a "hyperinflationary depression" worse than the Great Depression (Great Depression II, if you will) is unavoidable between 2010 and 2018. Probably it will be sooner than later. The graphs are clear about what has happened to the value of the dollar, and what is its fate.
Please read this report! His economic theory is sound and his statistics impeccable. You will see why you must put yourself on a plan to survive the meltdown of the dollar. Yes, the Weimar Republic can happen here. So can the rise of a messianic dictator who offers hope and "economic security" in the midst of economic catastrophe and the resulting social unrest. [Friends, the federal government is not able to provide economic security for anyone. Remember "I am from the government, and I'm here to help you"?]
At the risk of distracting you from the main report, I provide secondary evidence that the consumer is tapped out. Unemployment is rising, wages are falling, auto sales are crashing, credit cards are maxed, "discretionary" purchases are going instead to buy higher prices energy and food. The US economy, based 70% on consumer spending, is contracting.
Did I mention that banking systems around the world are failing? First Priority Bank in Florida failed Friday, the 8th US bank this year. The National Bank of Australia took a 90% loss on US mortgage debt writedowns. Royal Bank of Scotland is poised for the biggest loss in UK banking history. One observer says the Fed is panicking to hide the truth about the credit crisis so that the wealthy can be bailed out at the expense of the poor.
If Bush-Cheney-McCain-Obama-Israel start a war with Iran, the hyperinflation timetable shortens considerably. And shades of 9/11, what are we to make of Pulitzer Prize-winning journalist Seymour Hersh's shocking revelations "that Bush administration officials held a meeting recently in the Vice President’s office to discuss ways to provoke a war with Iran?"
Says Hersh, "There was a dozen ideas proffered about how to trigger a war. The one that interested me the most was why don’t we build — we in our shipyard — build four or five boats that look like Iranian PT boats. Put Navy seals on them with a lot of arms. And next time one of our boats goes to the Straits of Hormuz, start a shoot-up." Cheney's "false flag operation" sounds like Operation Northwoods reincarnated. (Keith Olbermann gave Cheney his "worst person in the world" award for this idea.)
Take advantage of the last few weeks of the traditional summer doldrums in the precious metals. The base for gold seems established at $910 and silver at $17. Expect gold at near $1200 and silver above $20 by the end of 2008, IF Iran is not attacked. (Big IF). A few graphs (and here) might give you courage. Howard Ruff says "inflation is not rising prices; it's a falling dollar."
I've been begging some of my dear friends to buy gold for the last five years. It was always "too high," at $375, $450, $600, $650. Today it still seems high at $910. Meanwhile, whereas the dollar could buy 1 Euro for $0.85 six years ago, it now takes almost $1.60. As experienced traders say, "Don't fight the trend!" And as Gary North says, "Procrastination kills!"
Grace and Courage and Peace be with you!
Yet I find a number of people, in the spirit of American optimism, think I'm exaggerating. They believe the rhetoric that the Fed will fix things and we'll "muddle through" to face the next crisis. How I wish it were so this time.
The truth is, the die was cast a long time ago. When the US dollar was on a gold standard, monetary discipline was imposed on the financial system. With the founding of the Federal Reserve System in 1913 and Roosevelt's abandonment of the gold standard in 1933, we went on a debt standard. Nixon threw out the last vestige of monetary restraint in 1971 when he closed the gold window. Now the US dollar was backed by nothing but debt, and the "full faith and credit" of the US Government (i.e., the printing press in the back room).
Given the proclivities of politicians to spend money and wage war without raising taxes, the fate of the dollar was sealed. The only variable was how long would it take? A good date to pick for the death of the dollar is 2013, the hundreth anniversary of the founding of the Fed.
FDR and LBJ, as well as every administration since, ramped up social welfare spending that could not be funded in the long run, i.e, when the Baby Boomers started retiring. The Federal Government grew into a self-sustaining, expensive bureaucracy that outlasts every President and never stops increasing in size and cost. The military-industrial complex Eisenhower warned about turned the US into a welfare-warfare state, with the resulting Demopublican War Party firmly entrenched in power.
The media had its last hurrah as a watchdog after Watergate and Iran-Contra. Now the top media stars are highly paid celebrities beholden to their corporate masters, with interlocking ownership and directorates with the entire military-corporatist-banking-globalist establishment.
The Bush-Cheney-NeoCon "war on terror" has become a war on America, installing the machinery for a full-blown police state. John McCain and Barack Obama are salivating at the thought of wielding all that power to push their own agendas. Both have pledged to carry on the NeoCon program in the Middle East and subservience to Israeli Zionists. Moreover, Obama is pushing a socialist-communitarian-communist ideology that promises fundamental changes in the rights to life, liberty, property and self-defense that most Americans cherish. But more on politics in another post.
If you still believe things aren't too bad economically, you owe it to yourself to challenge your premises. Your financial future depends on it. Start with a trip to John Williams' excellent Shadow Government Statistics. He exposes in great detail the biased and often-manipulated government economic reporting.
For political reasons, important statistical indicators of economic health have been biased to minimize the bad news about inflation, the federal deficit, unemployment, GDP, etc. This started before Bush II. Williams reconstructs and continues measures the government dropped (like M-3 money supply growth), and recalculates others with their original components (like CPI). The results are staggering.
For instance, by applying Generally Accepted Accounting Practices to the US Government, we're adding an average of $4.6 Trillion a year to our indebtedness! The Federal Net Worth was a negative $57.1 Trillion at the end of 2007!! There is no way to tax or grow our way to solvency. And the politicians seem determined to keep printing money out of thin air to bail out the financial system and cover our obligations.
A must read is his comprehensive report "Hyperinflation." If you will take time to study this well-written 27-page report, you will see why he says a "hyperinflationary depression" worse than the Great Depression (Great Depression II, if you will) is unavoidable between 2010 and 2018. Probably it will be sooner than later. The graphs are clear about what has happened to the value of the dollar, and what is its fate.
Please read this report! His economic theory is sound and his statistics impeccable. You will see why you must put yourself on a plan to survive the meltdown of the dollar. Yes, the Weimar Republic can happen here. So can the rise of a messianic dictator who offers hope and "economic security" in the midst of economic catastrophe and the resulting social unrest. [Friends, the federal government is not able to provide economic security for anyone. Remember "I am from the government, and I'm here to help you"?]
At the risk of distracting you from the main report, I provide secondary evidence that the consumer is tapped out. Unemployment is rising, wages are falling, auto sales are crashing, credit cards are maxed, "discretionary" purchases are going instead to buy higher prices energy and food. The US economy, based 70% on consumer spending, is contracting.
Did I mention that banking systems around the world are failing? First Priority Bank in Florida failed Friday, the 8th US bank this year. The National Bank of Australia took a 90% loss on US mortgage debt writedowns. Royal Bank of Scotland is poised for the biggest loss in UK banking history. One observer says the Fed is panicking to hide the truth about the credit crisis so that the wealthy can be bailed out at the expense of the poor.
If Bush-Cheney-McCain-Obama-Israel start a war with Iran, the hyperinflation timetable shortens considerably. And shades of 9/11, what are we to make of Pulitzer Prize-winning journalist Seymour Hersh's shocking revelations "that Bush administration officials held a meeting recently in the Vice President’s office to discuss ways to provoke a war with Iran?"
Says Hersh, "There was a dozen ideas proffered about how to trigger a war. The one that interested me the most was why don’t we build — we in our shipyard — build four or five boats that look like Iranian PT boats. Put Navy seals on them with a lot of arms. And next time one of our boats goes to the Straits of Hormuz, start a shoot-up." Cheney's "false flag operation" sounds like Operation Northwoods reincarnated. (Keith Olbermann gave Cheney his "worst person in the world" award for this idea.)
Take advantage of the last few weeks of the traditional summer doldrums in the precious metals. The base for gold seems established at $910 and silver at $17. Expect gold at near $1200 and silver above $20 by the end of 2008, IF Iran is not attacked. (Big IF). A few graphs (and here) might give you courage. Howard Ruff says "inflation is not rising prices; it's a falling dollar."
I've been begging some of my dear friends to buy gold for the last five years. It was always "too high," at $375, $450, $600, $650. Today it still seems high at $910. Meanwhile, whereas the dollar could buy 1 Euro for $0.85 six years ago, it now takes almost $1.60. As experienced traders say, "Don't fight the trend!" And as Gary North says, "Procrastination kills!"
Grace and Courage and Peace be with you!
Wednesday, July 16, 2008
Full-Blown Fascism Emerging in America
During the Viet Nam war, protesters freely threw around the accusation that the US government was becoming fascist. While I knew they were technically correct in terms of collusion of business and government, our government still seemed largely constrained by the chains of the Constitution. Sadly, that's no longer the case.
In his brilliant video, "From Freedom to Fascism," Aaron Russo traces the seeds of American fascism to the institution of the federal income tax and Federal Reserve Bank in 1913. Thomas Jefferson repeatedly warned that a central bank would spell the end of freedom in the US.
I've seen several lists like the one Naomi Wolf gives as her ten steps (video) (print) followed by every country that abandons freedom for fascism. They're all happening here. With the announcement yesterday that we now have one million people on the official terrorist watch, her discussion about how she and many others were put on the list is chilling.
Yes, 9-11 changed everything -- including Americans' understanding of, and desire for, political freedom. Hitler used the Reichstaag fire to pass the Enabling Act to take total power in Germany. In the same way, Bush used 9-11 as the pretext for passing the PATRIOT ACTS I & II and their bretheren. It is interesting that China is building a high-tech police state with the help of US technology.
The recent passage of the revamped FISA law is one more step towards total tyranny. Joel Skousen writes: "With the final passage of the FISA reform bill this week, the US Senate has reached a new low in its outright disregard for the constitution its members are sworn to uphold. Simply put, Congress has no power to legislate any law that violates any of the provisions of the constitution. Period.
In this case, the constitution is clear: no warrantless searches are permitted--none. That's what constitutions are supposed to do: put strict limits on lawmaking power so that individual rights are protected from evil minorities, evil majorities, or in this case, insipid yes men in Congress eager to please those above them conspiring to use the phony threat of terrorism to dismantle constitutional protections."
For all you folks who have put your hope in Obama, after saying he wouldn't, he voted for FISA. I hate to burst your bubble, but he won't do away with the total surveillance state. Nor will he withdraw from Iraq, or keep us out of Iran. He's under the thumb of the same PTB as Bush, and McCain. Think Obama is anti-war? He just promised 10,000 more US soldiers to Afghanistan! Does anyone remember how the Soviet Union was brought down in part because of their disastrous Afghan adventure? McBama OCain for President!
More and more liberals and progressives are warning that "voting for Obama and keeping one's fingers crossed, is not a sign of hope. It's a sign of self-delusion." So is voting for McCain to "perserve freedom."
Bill Moyers decries the demise of the media into their current position as lap dogs of the PTB. "Sadly . . . the Fourth Estate has become the fifth column of democracy, colluding with the powers that be in a culture of deception that subverts the thing most necessary to freedom, and that is the truth."
If the media had been doing its job, it "could have spared that country from rack and ruin, saved thousands of American lives and hundreds of thousands of Iraqi lives, and freed hundreds of billions of dollars for investment in the American economy and infrastructure." Instead, the media basically parroted the erroneous and misleading intelligence fed to them by the liars who wanted this war.
Stephen Colbert skewered the press two years ago when he revealed how they operate when he keynoted the US Press Club dinner: ". . . let's review the rules. Here's how it works. The president makes decisions, he’s the decider. The press secretary announces those decisions, and you people of the press type those decisions down. Make, announce, type. Put them through a spell check and go home. Get to know your family again. Make love to your wife. Write that novel you got kicking around in your head. You know, the one about the intrepid Washington reporter with the courage to stand up to the administration . . . You know, Fiction."
TSA announced earlier this month that they want to develop a "safety bracelet" for all airline passengers to wear. Taking the place of a boarding pass, it will not only monitor your whereabouts, but be your own personal Taser device -- on you, of course! Announcing the new iShock!
__________________________________________
A Sign of our Times - In the fifth this year of many coming bank failures, the California's IndyMac had lines of depositors trying to get their money. Those with more than $100K were left holding the bag. Without a massive infusion, the FDIC will be able to cover only a small fraction of the total number of bank deposits at risk. In an attempt to calm the public, and FDIC official assures us that the former IndyMac Bank is "as safe and as sound as any bank in the country right now." If IndyMac just failed, what does that say about the other banks?!
Some $1 billion of uninsured deposits held by 10,000 IndyMac customers are now trapped and federally seized. Since FDIC only insures deposits of up to $100,000, holders of accounts with larger amounts under one social security number (business and/or personal) may consider dispersing funds to safer havens.
The new plan to bail out Fannie Mae and Freddie Mac could cost US taxpayers hundreds of billions, if not trillions, of dollars. Ambrose Evans-Pritchard writes that as the full effects of the Fannie Mae and Freddie Mac debacle spread through the world, the US could face a "foreign funding crisis." That could be devasting since we depend upon $700 billion a year in funding from Asian, Russian and Middle Eastern sources to fund our current account deficit.
So we're borrowing money to fund to fund the wars in Iraq and Afghanistan, and so Iraqi puppet Prime Minister al-Maliki can hand out cash on the streets of Baghdad?
_____________________________________
The increase in the wholesale inflation rate is the highest in 27 years!
______________________________________________
Iran just discovered a huge new oil field and signed a signed a major oil deal with Russia. Now an attack on Iran will now be viewed as an attack on Russia's vital interests. China aleady views it as such because of a long-term $400 billion LNG contract. The Russions have reportedly stationed their latest fighters and bombers in easy reach of Iran and Iraq if their vital interests are threatened. Are we at the edge of the abyss? Maybe so, if it is true that Bush supports an Israeli attack on Iran.
Maybe it is only our own soliders who have the leverage to stop the war with Iran. Support the Troops! Bring 'em Home!
In his brilliant video, "From Freedom to Fascism," Aaron Russo traces the seeds of American fascism to the institution of the federal income tax and Federal Reserve Bank in 1913. Thomas Jefferson repeatedly warned that a central bank would spell the end of freedom in the US.
I've seen several lists like the one Naomi Wolf gives as her ten steps (video) (print) followed by every country that abandons freedom for fascism. They're all happening here. With the announcement yesterday that we now have one million people on the official terrorist watch, her discussion about how she and many others were put on the list is chilling.
Yes, 9-11 changed everything -- including Americans' understanding of, and desire for, political freedom. Hitler used the Reichstaag fire to pass the Enabling Act to take total power in Germany. In the same way, Bush used 9-11 as the pretext for passing the PATRIOT ACTS I & II and their bretheren. It is interesting that China is building a high-tech police state with the help of US technology.
The recent passage of the revamped FISA law is one more step towards total tyranny. Joel Skousen writes: "With the final passage of the FISA reform bill this week, the US Senate has reached a new low in its outright disregard for the constitution its members are sworn to uphold. Simply put, Congress has no power to legislate any law that violates any of the provisions of the constitution. Period.
In this case, the constitution is clear: no warrantless searches are permitted--none. That's what constitutions are supposed to do: put strict limits on lawmaking power so that individual rights are protected from evil minorities, evil majorities, or in this case, insipid yes men in Congress eager to please those above them conspiring to use the phony threat of terrorism to dismantle constitutional protections."
For all you folks who have put your hope in Obama, after saying he wouldn't, he voted for FISA. I hate to burst your bubble, but he won't do away with the total surveillance state. Nor will he withdraw from Iraq, or keep us out of Iran. He's under the thumb of the same PTB as Bush, and McCain. Think Obama is anti-war? He just promised 10,000 more US soldiers to Afghanistan! Does anyone remember how the Soviet Union was brought down in part because of their disastrous Afghan adventure? McBama OCain for President!
More and more liberals and progressives are warning that "voting for Obama and keeping one's fingers crossed, is not a sign of hope. It's a sign of self-delusion." So is voting for McCain to "perserve freedom."
Bill Moyers decries the demise of the media into their current position as lap dogs of the PTB. "Sadly . . . the Fourth Estate has become the fifth column of democracy, colluding with the powers that be in a culture of deception that subverts the thing most necessary to freedom, and that is the truth."
If the media had been doing its job, it "could have spared that country from rack and ruin, saved thousands of American lives and hundreds of thousands of Iraqi lives, and freed hundreds of billions of dollars for investment in the American economy and infrastructure." Instead, the media basically parroted the erroneous and misleading intelligence fed to them by the liars who wanted this war.
Stephen Colbert skewered the press two years ago when he revealed how they operate when he keynoted the US Press Club dinner: ". . . let's review the rules. Here's how it works. The president makes decisions, he’s the decider. The press secretary announces those decisions, and you people of the press type those decisions down. Make, announce, type. Put them through a spell check and go home. Get to know your family again. Make love to your wife. Write that novel you got kicking around in your head. You know, the one about the intrepid Washington reporter with the courage to stand up to the administration . . . You know, Fiction."
TSA announced earlier this month that they want to develop a "safety bracelet" for all airline passengers to wear. Taking the place of a boarding pass, it will not only monitor your whereabouts, but be your own personal Taser device -- on you, of course! Announcing the new iShock!
__________________________________________
A Sign of our Times - In the fifth this year of many coming bank failures, the California's IndyMac had lines of depositors trying to get their money. Those with more than $100K were left holding the bag. Without a massive infusion, the FDIC will be able to cover only a small fraction of the total number of bank deposits at risk. In an attempt to calm the public, and FDIC official assures us that the former IndyMac Bank is "as safe and as sound as any bank in the country right now." If IndyMac just failed, what does that say about the other banks?!
Some $1 billion of uninsured deposits held by 10,000 IndyMac customers are now trapped and federally seized. Since FDIC only insures deposits of up to $100,000, holders of accounts with larger amounts under one social security number (business and/or personal) may consider dispersing funds to safer havens.
The new plan to bail out Fannie Mae and Freddie Mac could cost US taxpayers hundreds of billions, if not trillions, of dollars. Ambrose Evans-Pritchard writes that as the full effects of the Fannie Mae and Freddie Mac debacle spread through the world, the US could face a "foreign funding crisis." That could be devasting since we depend upon $700 billion a year in funding from Asian, Russian and Middle Eastern sources to fund our current account deficit.
So we're borrowing money to fund to fund the wars in Iraq and Afghanistan, and so Iraqi puppet Prime Minister al-Maliki can hand out cash on the streets of Baghdad?
_____________________________________
The increase in the wholesale inflation rate is the highest in 27 years!
______________________________________________
Iran just discovered a huge new oil field and signed a signed a major oil deal with Russia. Now an attack on Iran will now be viewed as an attack on Russia's vital interests. China aleady views it as such because of a long-term $400 billion LNG contract. The Russions have reportedly stationed their latest fighters and bombers in easy reach of Iran and Iraq if their vital interests are threatened. Are we at the edge of the abyss? Maybe so, if it is true that Bush supports an Israeli attack on Iran.
Maybe it is only our own soliders who have the leverage to stop the war with Iran. Support the Troops! Bring 'em Home!
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