Protect Your Assets; Buy Silver; Bankrupt JP Morgan

This video deserves careful watching to the end. You will see why silver is headed from under $30 to $500. As a bonus, we can bankrupt JP Morgan and foil the banksters!

This may be your last chance to buy silver and take physical delivery. This one is baked into the cake, folks! Forget the MindControlMedia talking heads and their propaganda to keep your funds inside their casino. Cash out your chips before the casino goes bust and replace them with the only real money to survive 6,000 years of recorded history. If you're still afraid to protect yourself, now is the time to do a little hard thinking about money.

The US Dollar is a walking zombie, soon to be put into the dustbin of history like all fiat currencies. The major countries of the world are in a death-spiral of competing currency devaluations to try to gain a temporary advantage for their export markets. Meanwhile, where it took 40 ounces of gold to buy the Dow in 1999, today it takes about 8! Measured in terms of real money, the Dow has crashed 80% in a decade! Russia and China last week agreed to drop the US Dollar in ALL of the financial transactions between their countries, and both are accumulative massive reserves of gold and silver.

Linked at the right you can find several very reputable precious metals dealers with whom I have bought and sold. They have no large advertising costs to absorb in their prices like those promoted on national TV and radio. I've covered this issue numerous times before. It is still not too late to protect yourself.
For a great introduction to understand what honest money is, why it is essential for economic and political freedom, and why the dollar is doomed, check out Gary North's great free gold resource page. I highly recommend his free book downloads, "The Gold Wars" and "Honest Money." Silver, "poor man's gold," is set to appreciate more than gold because it is scarcer, has many industrial uses, and has had the price suppressed for so long. Remember: back in the 1980's it went over $50!

I know fear has many of you frozen like deer in the headlights. I've talked to many over the last few years. Gary North's famous motto: "Procrastination Kills" is appropriate here. Knowledge is the key to action, as well as the courage to act on your own thinking. The Ruling Class will NEVER tell you to protect your assets by removing them from their rigged financial casino and securing them with real money. But this is the time. NOW.

Anyone with a modicum of intelligence can understand that the ONLY way the federal governments of the Western world will be able to deal with their massive unfunded liabilities for welfare, health care, pensions and imperial wars is to inflate their currencies and default on their debts. If you're paying attention, you already know that. But still, you hesitate to leave the false security of their system.

I'm still gestating a series of articles on the recent tipping point we passed, what it means, and how the release is unfolding. Long story short: the Powers That Be are becoming the Powers that Were! Brush fires of Liberty are springing up everywhere with no apparent leader. Rather, we see "self-organizing collectives" (as www.HalfPastHuman.com predicted) springing up like exploding wild fires that will overwhelm Establishment efforts to control.
 
The current Wikileaks brouhahas appear to be false flag events to be used by the PTB in a vain attempt to shut down free thought on the internet in the classic Hegelian dialectic pattern of Action, Reaction, Solution. See "Is the Internet 9/11 Underway?" Use whatever good information is released, but resist the temptation to join the herd of Sheeple using patriotic slogans to censor the internet to "protect us from 'traitors' like the Wikileaks crew."

Now is the time to protect yourself, and help all your loved ones do the same. We have the ability to take actions to minimize the damage to ourselves and fight back in non-violent, effect ways striking the soft underbelly of the PTB. We shouldn't fear the collapse of the US Dollar any more than we should fear the tornado or hurricane we have been told is coming our way. We can't avoid it, so we must be prudent and take appropriate defensive actions now. We will have to deal with the currency collapse and the transition to a free society one way or another. Best those of you who want to be proactive and not helpless victims get started now with whatever level of preparations you have.
 
Grace and courage and peace to you!

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.

________________________________________

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.

The Financial Implosion Continues

"Incompetent Leaders Pose Threat to Recovery" says the author of The Black Swan. Reckless economic policy threatens to topple our economy by destroying the value of the dollar. Meanwhile the criminals at Goldman Sachs are telling us to prepare for $147 a barrel oil. They and their hedge fund friends helped push up the previous run up. Now, hyperinflation due to the death of the dollar, could do the trick. But expect GSax to profit all the way, especially with their insider connections at the Fed and Treasury.

If Cap and Trade becomes law and is implemented, it should cost the US another 2.4 million jobs and cost each family $1200 a year. And if ObamaCare passes, imagine delivering health services along the lines of the post office! You just think we have a bad system now.

As part of the seamless hand-off of the regime from Bush II to Obama, our rulers are still trying to solve our economic problems with the same Keynesian policies that brought them about. Do you ever wonder why our rulers seem to be making so many mistakes that subvert our country and its freedom? Are they well-meaning, but stupid? This has been the pattern throughout my lifetime.

Maybe you should consider that they are part of the PTB, New World Order crowd, that wants to destroy America's independence and prosperity, making us slaves. Intentional destruction of American independence and sovereignty is always listed as one of their goals.

If you look back at what has happened over the last 20-25 years, with the mass transfer of manufacturing jobs overseas and the incredible financial bubble, topped of with the wholesale looting of the country by the bankers, this thesis makes more sense than the Stupid Mistake thesis. Be sure to read what I wrote about Evil below.

I've just listened to an interview with Ambassador Alan Keyes who said from the beginning he has made the point that Obama and his minions are deeply committed to Marxism-Leninism. In the say way I am deeply committed to Christianity, and its political concomitant, libertarianism, and will not change; so is Obama committed to its opposite. Obama wants to ram through a de-humanizing world view. Fits right in with the NWO agenda. We should never forget that.

Nor should we forget that Antony Sutton documented thoroughly years ago that Wall Street actively funded the Bolshevik Revolution in Russia as well as the rise of Hitler. Wall Street and the US Government also actively sustained the Soviet Union economically and militarily. Obama had three times the campaign contributions as McCain. Hmm.
__________________________________________
Steve Quayle cites investment letter guru Harry Shultz predicting the high likelihood of bank closings in September, echoing previous warnings from other places earlier this summer. Shultz, who has great credibility and following, wouldn't write about it unless he thought it might happen. That will make it hyper-stagflation. "Stand by for a possible bank run & bank holiday on Aug 26th, after the news breaks on the 25th. (FDIC 2nd Qtr. Report) This is in line with the HSL prediction of a US bank holiday in Aug/Sept. If you live in the US, get 3-6 months of household expense money out of banks now." The time monks at HalfPastHuman.com in their latest report also predicted a visible disintegration starting around this same time. Forewarned is forearmed, IF you make preparations.
__________________________________________
Obama faces his LBJ moment as the situation in Afghanistan turns sour. Taliban now said to be winning in Afghanistan. Pat Buchanan is being too kind when he asks, "Unwinnable War?" All empires collapse due to overreach, and so will America's. The reasons we are still in Afghanistan are apparently very few, the major justification now seems to be "to secure the future of the Democratic Party." That, and the major black ops funding for the CIA from dealing in all that excellent Afghanistan heroin.
__________________________________________
Pentagon Asks for Authority to Post 400,000 Troops on US Soil in Emergency. See why Bush did away with the Posse Comitatus Act? Using military for police enforcement is called "martial law." The military is trained to kill and destroy, not write citations. We're all Iraqis now.

And lest you buy into the propaganda that militia membership is on the rise here, I quote from Joel Skousen's latest World Affairs Brief:

"MILITIA GROUPS GROWING? HARDLY -- The nation's foremost anti-Right wing disinformation network, the Southern Poverty Law Conference, is still beating the bushes to demonize America's constitutional patriots. It claims, without a shred of evidence that "Militia groups with gripes against the government are regrouping across the country and could grow rapidly." This is totally bogus. Constitutional conservatives are avoiding militias like the plague ever since they became widely infiltrated by government agent provocateurs in the 1990s. As Judson Berger of FOXNews.com commented, "Conservative groups are rejecting as 'anecdotal and exaggerated' a new report out of the Southern Poverty Law Center that claims election of a black president has fanned the flames of a resurgent anti-government 'militia movement.'" It's true he has fanned a lot of fear of gun confiscation, but little of this effect has accrued to the unstable militia movement."
__________________________________________
Is Obama's false flag op set up to be an attempt on his life by the groups marginalized by DHS? They keep laying the groundwork.
__________________________________________
Doctors in Mexico City Cured 2009 Swine Flu with Homeopathy. A skilled Naturopath told me 15 years ago to stop taking flu shots. Instead, use Oscillococcinum. I've taken it several times at the first sign of flu-like symptoms, and never had the flu since. I carry it whenever I travel. Also start taking 5000 units a day of Vitamin D-3 to build up your immune system.
__________________________________________

One of the biggest difficulties in coming to grips with coming events is that Evil exists in the world. Evil, as in Satanic. As in murderous, lying, stealing, malicious intent. This self-conscious Evil is ultimately behind much of what is before us. Sure, some is just logical consequences of our folly. Other is natural. But the worst, and hardest for most of us to come to grips with, is naked Evil.

We've been trained in my lifetime to minimize, even deny, the existence of Evil. How often do we see something totally deranged and malicious, and say, "How sick!" We've learned there is no Evil, just mental illness and bad choices. In the last half of the 20th century we were told there are no absolute values, no right and wrong, just different perspectives. Yes, Hitler was evil, but he was an anomaly. Right!

I recommend reading "Dead Babies Don't Grow on Trees" for a glimpse of the pervasive, organized Evil embedded deep in the bowels of power throughout the world. It's time for us to put away our denial and face some very formidable opponents to our life, liberty and pursuit of happiness.

Grace and Peace and Courage to you!

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!
___________________________________________________

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]."

The fascist response to a crumbling economy

I've been busy with my day job the last two weeks. In the meantime the main news has been the banking and business failures we've become accustomed to, as well as the continued Israeli genocide in Gaza. Other than that, we haven't seen too much as we await Obama's first 100 days of political "shock and awe" and the "test" predicted by Biden and Colin Powell last fall. George, at Urban Survival also predicts a looming "test" that "seems destined to impact energy and food supplies here in the USA." I suspect that the country will feel very different a month from now, and not for the better. Fate favors those who prepare.

Steve Quayle reported on Alex Jones a few weeks ago from a good source that we were five minutes from having martial law declared on October 5 as part of the threat to pass the Bailout Bill One (more to follow). (The bailout was a fraudulent "bait and switch" operation.) His sources say that martial law plans are "truly draconian," and "worse than we can imagine." Previously Sen. Jim Inhofe and Rep. Brad Sherman disclosed these threats. We've seen an ominous, continuing preparation for martial law and the use of military forces in the US for many years, and especially the last three.

Paul Craig Roberts continues to speak the truth about our economic situation. It's not pretty. "What we are witnessing is a once great power engaging in fantasy to disguise from itself that it is a failed state." America is moving into uncharted territory. Is this the end? Are we witnessing the largest financial train wreck in history?

If for some reason you still have significant holdings in the dollar or dollar-denominated assets, you need to think through the implications of Ten Major Threats Facing the Dollar in 2009. Note this graph of the dramatice increase in the monetary base. We've reached the point of diminished returns for each new dollar printed, which will most likely end in hyperinflation of the dollar. An ex-policy maker for the Bank of England predicts a massive dollar collapse. These graphs are startling. Since the dollar is still the world's reserve currency, we'll see something unique in history -- worldwide hyperinflation along with global insolvency and depression. Similar conditions produced World War II as a "solution."

Major financial forecasters, as well as Merrill Lynch, recommend moving from the dollar into real assets. This history of paper currencies shows why. The British Pound has lost 98.8% of its value since it was introduced, and the Dollar has lost 97.8%. Government fiscal panic could speed up the dollar's demise. If you think the dollar is immune to being blown away by hyperinflation, Hank Paulson has some zero-interest T-Bills he'd like to sell you. Opening the mint to the unlimited production of gold coins may easily lay the foundation for economic recovery.

"Paper money eventually returns to its intrinsic value - zero." (Voltaire, 1694-1778)

We have been bankrupted by twin pincers of the the Military-Industrial-Media complex that President Eisenhower warned us about on one hand, and the Ponzi-scheme welfare state on the other. Social Security, Medicare and Federal Treasury debt are nothing but Ponzi-schemes with current obligations being paid out of current payments. Those owed the remaining liabilities will get the empty bag full of promises.

Obama's stimulus plan will push the bailout over $8 Trillion, and may be marching the US economy to the gallows. "The upcoming Financial Stimulus package courtesy of the new Economic dream team has left numerous economists and analysts quaking in their boots. We are seeing predictions of hyperinflation, the destruction of the dollar, the flight of U.S. creditors, the prospect of widespread civil unrest and a descent in to a Greater Depression. . . . Judging by his actions so far, Obama has done absolutely nothing but continue the transfer of wealth from the American taxpayer to his Wall St. campaign contributors. There has been absolutely zero positive impact on the real economy as the increasingly horrific indicators continue to mount and the prospect of an unprecedented Depression continues to rise over the horizon."

The problem is not just at the federal level. Forty-four states project combined budget shortfalls of $350 billion for the next two years! You can count on this assessment being overly optimistic, because most conventional forecasters will be projecting economic recovery to begin during this time period. That is magical thinking.

As the 21st century progresses, a bankrupt America, bereft of a meaningful manufacturing base, could easily be surpassed by China as the preeminent world power. 2009 is likely to be the year the world recognizes significant decline in of the US. A new world order is emerging, and it won't be good for America. Henry Kissinger, perennial dark-side agent, even calls this a great opportunity for Obama to help create a new world order. See the video. European leaders seem to concur. Obamas has several long-time Trilateral Commission, New World Order advocates prominantly placed in his administration.

As I write, we're in the last hours of George Bush's disastrous presidency. I'm astounded that this despicable excuse for a human being still retains a 20% approval rating. My prediction five years ago that Bill Clinton's tenure would seem successful, and relatively benign in comparison, has proven true. The vicious, vindictive Clinton's would have loved to have at their disposal the police state erected by Dick Cheney and his sock-puppet Bush. Now, an even more dangerous Obama, gifted in hypnotic rhetorical skills and surrounded by an aura of hope, promises to be Bush-Clinton-Bush on steroids.

Always remember, Obama is totally beholden to the Powers That Be for his presidency. He was not given the keynote speech at the DNC four years ago when he was still a member of the Illinois state legislature for no reason. He had already been picked. Obama's chief advisor, Zbigniev Brzensinski, served the same role for Jimmy Carter. His Chief of Staff, Rahm Emanuel, is likely a Mossad agent. Obama's staff is like a Clinton administratin reunion, with dangerous Bush holdovers like SecDef Gates. The thieves on Wall Street gave three times the money to Obama as McCain. Truly, the more things "change," the more they will stay the same.

What we will be getting more of is fascism. I don't use this term lightly or carelessly. It refers to state control of the economy with nominal private ownership. Fascism was the univeral response to the Great Depression of the 1930's by western nations, including the US. Its economic ideology and justification is Keynesianism. John Maynard Keynes disdained markets and glorified state action is the means for dealing with the business cycles. So politicians love it.

Both parties have brought us fascism. With Bush ramping up the police state, and most people thinking he and the Republicans are "capitalists," capitalism and the free market get the undeserved blame for our economic crisis and our imperialistic wars. Ayn Rand warned of this 50 years ago in her seminal novel, Atlas Shrugged. What we see unfolding in Washington is fiction becoming fact. If you want to understand the difference between freedom and economic slavery, read or re-read Atlas Shrugged. You'll see why the politician's constant bailouts and restrictions will not cure, but kill the economy.

_______________________________________________________

If you've every wondered about why we have so few clear blue skies any more, and why you often see jet contrails that last all day, read this full page newspaper ad about "chemtrails." And you might be interested to know 24 Things About to Go Extinct in America.

Kiss the Dollar Goodbye

Note: Be sure to check this site daily. The pace is getting so fast, that I don't have time to send out an email on each post.
________________________________________
Franklin Sanders, of The Money Changer and trusted seller of precious metals, summed up our situation well in his daily (mostly) free email newsletter:

Tuesday, 16 December a.d. 2008
Whoa! You men paying attention? Stand up where
you are, twist your body to the right, place your right
hand in your back pocket, withdraw your wallet, pull
out a green federal reserve note, lift it to your lips,
and KISS THE DOLLAR GOOD-BYE!

You women will have to fish in your purses ten
minutes to find your wallets, then dig out a
out a buck and kiss it good-bye.

Not only have the Fed & the Treasury executed a
coup d'etat & taken over the yankee government entire, the
Fed reduced the Fed Funds rate to 0.5%, lowest level
in history. But in case that doesn't work, they also have
yet another new strategy: "quantitative easing." That
is "Fedspeak" for printing money. Let the presses begin!
Let there be money, and let it flood the hills & valleys,
yea, let it flow into the shallowest pockets in the land,
& let the desert economy bloom!

Folks, if any of y'all yet cling to the "deflationary"
outcome, you had best let it go today. Although the
economic outcome will be depression, the monetary
outcome will be massive inflation, & quite likely,
hyperinflation. The dollar will evaporate, while silver &
gold will skyrocket, unless the laws of cause & effect
have been repealed by a compliant congress.

Gold closed at US$841.70, up 6.30, until the Fed announced
its "plans", sending gold up to US$861, another US$19.30.
Silver, which had closed up 8.5 cents to 1067.40 cents,
jumped 70 more cents to 1137 cents. The prices show for
gold & silver items below derive from those higher
aftermarket prices.

All bets are off, friends, for any sort of peaceful landing.
Every man for himself! Today your government & the
private corporation that controls the economy & the
money, the Federal Reserve, threw you, and the US dollar,
out of the boat, with an anvil tied to your feet. Every
one of us had better learn to swim.

As proof, he brings forth the next exhibit, the US
Dollar Index, which today posted its biggest swing yet
in a mighty long string of big swings, down a full 186
basis points to close at 80.22. Mercy! This isn't currency
exchange, it's Las Vegas. Stocks liked the lower dollar.
The Dow rose 310 and the S&P500 37, but stocks still
haven't broken out above the critical 9,000 Dow level.

Today silver closed above the 1050 first hurdle, but
gold didn't quite make the 850 resistance. In the
aftermarket, both metals shot through resistance levels,
especially silver. Tomorrow should produce yet
more gains.

Do not wait now to buy silver & gold. This is the
breakout. Buy now or pay much, much more later."

Gold 1 oz. Eagles are now selling for over $1,000. Buy physical metals for delivery. Stay away from ETF's like the plague. Think Madoff (who "made off" with his investor's money to the tune of $50 billion plus). Don't bet your savings that the ETF's actually have all the gold they say, or that they will deliver any of it to you. Gold is money; therefore a hedge against inflation and deflation.

The Dollar rally is over. It seems that the Fed and Treasury are determined to destroy the US Dollar, therefore forcing consumers to spend in a last ditch effort to postpone the death of the economy for a little while longer. They are now out of bullets. They will destroy the American middle class. Evil is thy name. Predictably, in a final act of delusion, he stock market is soaring in a death rally.

Sir Richard Branson (Virgin Everything) says "the economy is f****d." He'd never make a good Fed chairman or politician with straight talk like that. We have sowed the wind and reaped the whirlwind.

Blogogate: Now we know why Blago was outed. Yes, he is corrupt like the rest of them. He was just defying the Banksters in favor of small business and workers. That is not the spirit of the bailouts. Think of the phrase "honor among thieves." Blago violated the criminal code of "honor." Do you think this message is not being lost on all the other governors and elected officials? Was Rahm Emanuel on 21 of these tapes? Michelle Obama is probably one of the "specifically named individuals" in the Blago indictment.

Army 'Strategic Shock' Report Says Troops May Be Needed To Quell U.S. Civil Unrest The Army is getting ready for civil unrest and martial law. Shouldn't you?

Journalist Muntader Al-Zaidi may have thrown the "shoe heard round the world" at Bush. His act "may launch a revolution in the Muslim world against the dictatorial oppressive Arab and Muslim leaders as well as the American-Israeli hegemony upon their lives, lands, and resources. His courageous deed is the single most meaningful action done to restore Arab dignity, honor, and courage in the face of the one man who took the opportunity of a tragic terrorist attack on the WTC and the Pentagon with the resultant death of 3,000 Americans to unleash the world’s most powerful military against any Muslim nation of choice, resulting in the murder of millions with tens of thousands of destroyed villages, bridges, hospitals, schools, orphanages, electric and water plants, roads, stores, mosques, and domestic animals."

No one suggests that Al-Zaidi hated America for its freedom and values. Though he missed his target, perhaps he will inspire not only Muslims, but others around the world to resist the war of the elites against the people. He certainly puts the cowardly White House press corps to shame. Bush is but a puppet for the Globalist/New World Order crowd. If you don't believe the NWO exists, and that they have an agenda to rule the world and enslave the rest of us, you had better start your research now. Will you go quietly? Or will you prepare and resist?

I urge you again, try to listen to Alex Jones' show Monday-Friday, 11am-3pm, CST. His show then re-runs 24/7 until the next one, so you can listen anytime. You can also download podcasts. You must begin to bring yourself up to speed. There is so much more happening than I can begin to cover. Time is short.

For a little comic relief, you can test your own show-throwing skills at "Sock and Awe." I like this one even better.

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.

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.

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.

So many crises, so little time!

Each of us needs to think through how the effects of a dollar devaluation will affect us personally. This is an excellent summary. Iceland and Zimbabwe provide current examples. The always entertaining Mogambo Guru thinks we'll see hyperinflation within 18 months! "Hell, everybody with any brains knows that if the government keeps creating more and more money and credit, then consumer prices will rise exponentially and the economy will be ruined, just like Zimbabwe today, and just like every other example in all of history where a stupid bunch of governmental dirtbags created too much money!"

With corporate pension funds at risk, we can expect the Fed to create more money to help keep payments going to retirees. We can expect a steady stream of corporations, corporate credit unions, cities, states, you name it, making pilgrimages to Washington to get their bailout. With unemployment slated to rise much more than the 16.5% it currently is (if calculated the old way before the Clintonistas redefined it for political advantage in 1994), pressure to spend will continue to rise. Keynesianism is slated to go out with a bang in another bubble. That bubble is the doomed US Dollar.

All these efforts are bound to make the problem worse, as they have historically. Salvation by earmarks? Sounds like the "New Deal." I can't even imagine the deals that will be made, as politicians decide who lives and who dies financially. Ain't fascism great! Why am I humming "And the Money Kept Rollin' In" from Evita?

As an additional reality check, Coach Dave speculates that we might experience real (not false flag like 9-11) terrorist attacks concurrently with the perfect financial storm that's forming. This is another good reason to make preparations. Check out his links, especially this one that makes a good case our own government is targeting patriots, Constitutionalists, anti-war activists, truthers and the like as "terrorists." I've seen reports for years about 800 FEMA concentration camps with a capacity of 16-million staffed and ready to go in the US.

Meanwhile, in anticipation of pending domestic chaos, FEMA bureau-rats are busy polishing their plans for martial law in the US. Steve Quayle's report from inside law enforcement sources indicates that the Bushama administration is gearing up for martial law, gun confiscation and civil war in America. (Listen to the report, please.) Remember Paulson's Banker Bailout Bill was rammed through under threat of martial law according the Rep. Brad Sherman and Sen. Jim Inhofe.

ObamaWatch: Even though the courts are still dismissing the numerous cases challenging Obama's eligibility to be President, the issue won't go away. And the consequences for America are staggering. In a related story, Illinois' Governor has been indicted for wide-ranging corruption charges, including trying to sell Obama's vacant Senate seat. I'm sure Obama, whose career is rooted in the Chicago political machine, is somehow unrelated to all that corrupion. Right!

The Obama Presidency still looks like Groundhog Day. Same old, same old. Business as usual.

George Ure's Urban Survival site this morning (12-8-08) has a fascinating discussion of the twin earthquake events predicted by the time monks at HalfPastHuman. If they happen within the next week or so, as predicted, these will be major events. Also, this "future leaking into the present" information technology will gain even more credibility.

Meanwhile, food shortages (i.e., famine) may be looming in the US because of shortages of diesel and propane in the far reaches of the US growing areas. The author of this article makes a good case that the Obama administration should hit the ground running on preventing this. Therefore, they probably won't, because it's not sexy enough, and it actually makes common sense.

With all these threats, it makes more sense to make at least basic survivalist preparations. I, and many others, did this for the Y2K threat that failed to manifest (thankfully). The same situation seems to be facing us today, but with far more tangible and threatening precipitating causes than a computer glitch.

The big kahuna for Y2K was the possibility of "cascading cross defaults" in the financial system which would bring the banking and commerce system to a halt. We are seeing this happening today with the collapse of commercial credit and the nuking of currencies through hyperinflation. Throw in massive unemployment in a depression, civil unrest, martial law, terrorist attacks, WMD attacks, war, outbreak of possible plagues (bird flu, etc.) and there are good reasons to make at least the most basic of preparations. It is a simple insurance issue, for the same reason you buy home, car, health, and life insurance.

Many people are already looking to survivalists for advice. The question is: do you want to prepare for these possibilities hoping that the system will continue to deliver and that the government will successfully step in if the system fails? Or do you want to have some control over your destiny by laying in basic emergency food storage, non-hybrid seeds for a victory garden, water filters, medicine, etc.? I'll be spending more time in future posts on these resources.

And please, don't send me an email saying your "preparation" is putting your faith in God and letting Him handle all these issues. Of course faith is important. Preparation is totally biblical. Witness Joseph discerning the times and storing up in times of plenty for seven years of scarcity, among others. The kind of "faith" that won't prepare is simply shifting the responsibility to others -- not a very Christian thing to do.

The Dollar is doomed; gold and silver will rise

The US dollar is doomed. There is no doubt. The massive addition to money supply and exploding deficits assure that the fiat dollar will be officially devalued through hyperinflation, replacement with the Amero or a new, "improved" dollar, or some similar device. Devaluation is baked into the economic cake. Massive increases in money supply dilute the value and purchasing power of the currency.

Yet, the price of gold in the futures markets seems to undermine this view. Since cracking $1,000 last March, gold's spot price is close to $750. Moreover, the dollar has bounced off an 8-year low to its highest levels in two years. Isn't the market projecting future values into the most accurate price today? Maybe this isn't a good time to buy?

Because of this anamoly, some people who plan to purchase precious metals to protect the value of their savings have postponed their purchase, hoping to time it with a bottom of the metals and a high in the dollar. Given my plea to purchase gold at what I thought was a low last August, this waiting strategy has paid off -- maybe.

Their strategy has been brilliant if they can just pick up the phone Monday and buy sufficient gold to satisfy their needs with no delay, at near the market price. The problem is that worldwide demand for gold has been huge, and supply is scarce. Yet the spot price of gold is still relatively low. Shouldn't a lower price reflect lower demand? Conversely, shouldn't high demand mean higher prices? And regardless of the price, shouldn't one be able to buy whatever amount of gold they want at or near the market price? In theory, the answer is "yes." But the situation today is that physical gold (as opposed to "paper" gold reflected in spot prices), is difficult to get and has at least a 15% premium over spot.

My best take on the situation is that the dollar boomlet will be very short-lived. It has much to do temporary demand for dollars to unwind derivative contracts, as well as the illusion of safety (the US treasury bond market may be failing). Moreover, the Powerz manipulate the price of gold to conceal inflation and to try to keep the public's faith in fiat currencies. Meanwhile, those in the know, those who understand the fundamentals, are buying in record amounts.

The bottom line: if you're planning on investing some of your savings in gold and silver, then you had better to it this month. The sooner, the better. An attempt to time the market is bound to fail, because no one knows in advance what the low price is. And if you're trading what should be an insurance policy to maximize fiat profits, you're playing with fire.

And while you're establishing insurance positions for the coming economic turmoil, don't forget basics like food storage, non-hybrid seeds, water filters and such. Precious metals will help to preserve the value of your savings. But you'll still need the essentials to stay alive.

Below are links to articles to substantiate what I've said above.

Inflation is baked into the cake:
The Neo-Alchemy of the Federal Reserve - Congressman Ron Paul

Bernanke's Playbook - Dr. Gary North. "We are now reaching the point of the helicopter drop. If the FED does not reverse its policy of buying bad debt with new money – high-powered money, as Friedman called it – we will get mass inflation before the next Presidential election."

The US Monetizing Debt by Printing Money

Bankrupt G7 Print Money to Reflate Economies

41 States are Facing Severe Budget Shortfalls for 2009. As will cities, counties, etc.

Half-million jobs vanishes as economy deterioriates.

Why Credit Cards Matter So Much.

Bank has little option but to ready the printing presses.

"50 Ways to Beat Deflation" -- new lyrics to the Paul Simon hit song.

The Gold Price will soon take off:
Comex Gold Shocks and Awe -- observations on the subtantial deliveries being taken on gold futures contracts at the Comex. Generally options buyers just take paper profits and/or losses. Rarely do options holders take delivery. Jim Sinclair and others have been calling on patriots to take delivery for some time now, putting an end to the scam of using futures contracts to inhibit the price of gold. We've seen the disconnect between the price of "paper" and physical gold for six months. Evidence is mounting of substantial deliveries in December and February, pulling the rug out frm under the theives. For more insights into these phenomena, see "What's Really Going on with Gold and Silver."

For more on this stunning event, you must read Antal Fekete's article on the new "backwardization" of gold pricing in the futures markets. Hal Turner summarizes the most salient points here. "December 2 is a landmark, because before that date the monetary system could have been saved by opening the U.S. Mint to gold. Now, given the fact of gold backwardation, it is too late. The last chance to avoid disaster has been missed. The proverbial last straw has broken the back of the camel. Few people realize that the shutting down of the gold trade, which is what is happening, means the shutting down of world trade. This is a financial earthquake measuring ten on the Greenspan scale, with epicenter at the Comex in New York, where the Twin Towers of the World Trade Center once stood. It is no exaggeration to say that this event will trigger a tsunami wiping out the prosperity of the world." As this realization hits the markets, the price of physical gold should skyrocket. (Check here for more observations on backwardization.)

Obama Stiffs the Anti-War Movement

Afghanistan has never been conquered by an invading force. Many credit the Afghan quagmire for the downfall of the USSR. Sun Tzu gives good reasons why the US and NATO will also fail. Indeed, it has almost failed already.

ObamaWatch:
Questions abound about Obama's official eligiblity for the Presidency. He has left so few footprints, he probably couldn't get a simple security clearance. Is a a CIA spook? The US Supreme Court has scheduled a conference for December 5th concerning Obama's citizenship. Yet, except for the Christian Science Monitor, there is still nary a word about the issue in the Main Stream Media. Media bias? Intimidation? Both?

The Supremes are in a bind. Since they gave the 2000 election to Bush, they'd be severely criticized if they demand certified evidence, especially if it does not exist (likely, since the issue would have been put to rest long ago if it were groundless.) If they ignore the lack of evidence, or say the Constitutional requirement is somehow "outdated," then the door is open for Arnold Schwarzenegger after Obama.

Is Obama confident, or more -- a person with narcissistic personality disorder? We'd better find out.

And then there's Larry Sinclair's forthcoming book. Obama's reign is bound to be surrounded by scandals and rumors.

Surprise, surprise! "Obama's Security Team Delights Hawks." How fun it will be to hear the Obots explaining how this is really consistent with his campaign promises. Just like the Bushbots rationalized trashing the Constitution after 9-11. Justin Raimondo calls it the "End of the Affair" with the anti-war left. Let's see how long they hold the torch for Obama.

PoliceState Watch: In violation of the Posse Comitatus Act, the Pentagon plans to station 20,000 uniformed troops in the US by 2011. The first 5,000 deployed from Iraq last October.

DepressionWatch: One of my favorite financial newsletters got me thinking last week that maybe my gloom-and-doom about the economy is like a self-fulfilling prophecy. As in, fear of the future causing people to stop spending, which slows down the economy unnecessarily and causes job layoffs, all in a self-feeding downward spiral. With psychology at the heart of it. While worth pondering, I prefer to be prepared. There are too many signs that we've overreached ourselves in a big way. Ben Stein gives good reasons why the "slowdown" may be a never-ending story. Still looks like a hyperinflationary depression to me.

It won't help for credit card companies to shrink credit lines by $2 trillion over the next 18 months.

One of the reasons why this depression will be worse than the first is deteriorating moral standards in America. This new ethics study shows that today's high school students lie, steal and cheat more than any time in history. Ethical relativism reaps its predicted harvest.

To clear your palette, you might like to see these 50 strange buildings from around the world.