The Olympics, War and the Financial Tsunami

The most obvious, but unstated, point of the Olympics so far is this: China is the major superpower of the 21st century. NBC's commentators tiptoed around the elephant in the living room. The closest they came was when Matt Lauer said the drum show was "a little bit intimidating." The official line is that this is China's "coming out party." No, China is announcing they are the "Big Dog" now. The last 150-200 years of economic history have been just a little down tick in a 5,000 history of world dominance.

The opening ceremonies were a breath-taking blend of sophisticated technology and precision works of human action and arts. The is will be the post-American century, probably much sooner than any of us realize.

The idiot warmongers in charge of American foreign policy seem determined to accelerate our downfall. The pieces are moving into place for a naval blockade on Iran. This is a clear act of war. Iran has every right to develop peaceful nuclear technology, and the most recent inspections showed they had no nuclear weapons program. This won't deter the Bush-Cheney-NeoCon gang. Their lies are legion. (Conveniently, Congress is on summer recess.)

More Bush lies to justify the Iraq invasion pour forth each week. Pulitzer prize-winner Ron Suskind's new book claims that the White House "buried British intelligence on Iraq WMDs." Suskind also reported that an ex-CIA agent he interviewed says Cheney likely ordered a letter on White House stationery linking Saddam Hussein to the 9/11 attacks. Despite White House denials, Suskind stands by his report.

Remember our report last week that "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?" All it would take is an apparent Iranian missile sinking our oldest aircraft carrier to the bottom of the Persian Gulf to incite revenge blood lust in the American public. Edgar Steele has an excellent run-down of many events that point to World War III and the reason to make your preparations now.

Arnaud deBorchgrave agrees that we're nearing war with Iran. Apparently Israel is ready to attack Iran "without US permission." Of course, Israel can't attack Iran without overflying Iraq (which needs US permission.) I've mentioned previously the grave economic consequences for the US if we go to war with Iran. Given the close economic economic and military ties Iran has with both China and Russia, such a conflict could easily escalate to WWIII. Which brings us to . . .

US and Israeli-backed Georgia foolishly attacked the Russian-leaning secessionist South Ossentia. Putin-led Russia has said they are through retreating and have apparently crushed the Georgian assault. Israel has been extensively involved in selling arms to Georgia and providing training for at least seven years. "Georgia's defense minister, Davit Kezerashvili, is a former Israeli who is fluent in Hebrew." Michel Chossudovsky of Global Research has an excellent analysis, with maps, that shows how this might lead to a larger US-Russian military conflict. The Georgian attack had to have had the okay and direction of the US, NATO and, probably, Israel.

Alex Jones, at http://www.infowars.com/, is staying up to the minute on what's happening. His current article recaps the latest status. The NeoCons at the Wall Street Journal and elsewhere are likening the Russian response to Hitler, forgetting the Georgia started the confrontation. The US is airlifting Georgian troops from Iraq, and reports are surfacing about American and NATO soldiers/mercenaries being found in the conflict. As usual, Karl Schwartz has an insightful take on this.

Paul Craig Roberts points out that "Georgia was part of Old Russia and the Soviet Union for two centuries. After Soviet communism collapsed, the US taxpayer funded neoconservative National Endowment for Democracy broke every agreement that President Reagan had made with Gorbachev and began using US taxpayers’ money to rig and purchase elections in former constituent parts of the Russian/Soviet empire. The Endowment for Democracy purchased Georgia as a US colony. The affront to Russia was extreme, but at the time Russia was weak. Oligarchs with outside money had grabbed control over Russian resources, and Russia was in dire straits and could not resist American imperialism. Putin corrected the situation for Russia."

William Engdahl says Washington risks a nuclear war by miscalculation. Obviously the Bush-Cheney NeoCons can't calculate the real costs of war, since Iraq was to be a six-week "cakewalk" and cost less than $50-60 billion before all those Iraqi oil revenues kicked in to pay for our occupation.

"Nuclear Primacy" is "what gives the seemingly obscure fight over two provinces the size of Luxemburg the potential to become the 1914 Sarajevo trigger to a new nuclear war by miscalculation. The trigger for such a war is not Georgia’s right to annex South Ossetia and Abkhazia. Rather, it is US insistence on pushing NATO and its missile defense right up to Russia’s door."

If Russia deploys nuclear-capable bombers in Cuba, the crisis will only escalate.

On the economic front, the financial tsunami continues to pick up force. All my reading tells me we still see only the tip of the iceberg. The gold price has been manipulated down to around $860. If you've been waiting for gold or silver to fall, wait no more. Both are already very hard to get.

Just a few economic reports:

America Out of Economic Ammunition -- we have no more financial weapons left.

Rep. Paul Ryan says US Headed Toward Bankruptcy.

The Fire This Time? "What happens if the US economy has finally hit the wall of remorseless reality, and can only produce what it can honestly produce? What happens to the American economy and American standards of living if all the gimmicks have been exhausted?"

Sidney Blumenthal writes on "The Strange Death of Republican America." George Bush has ended the Republican dominance that began in 1968. I'll be a delegate in Minneapolis at the GOP convention the first week in September. Ron Paul will have a simultaneous 3-day event, climaxing with a major rally at the Target Center on September 2. I hope I have time to record some of my observations on the ground.

Grace and Peace and Courage!

Something Big is Happening

If you have ANY doubts that we are facing a financial disaster of historical proportions, please read every article linked in this post.

In Oklahoma we know that when the storm sirens start wailing in our area, it is time to quit fooling around and get to a safe place fast. A destructive tornado is on the way. The financial warning sirens are screaming everywhere -- except in most of the controlled US press. Determine now for you and your loved ones to reach a place of more financial safety. You can't depend upon your government officials and main stream media to help you.

Former Presidential candidate and Congressman Ron Paul warns that "Something Big is Happening." He clearly explains why the world economy and political system faces a crisis like never before. Our peace and prosperity rest on a fragile philosophic infrastructure that may easily be cast aside to deal with the financial tsunami speeding toward us.

The dollar boom that began after Nixon abandoned the last vestige of the gold standard in 1971 has inflated all world currencies and caused gross mal-investment. If our politicians make the wrong choices (likely), stagflation will become in inflationary depression.

The only answer is to abandon the policies that brought us to this point and adopt policies of real political and economic freedom. Absent that, the American Dream, and the hope it brought Americans and the world, is finished. Dr. Paul says "Time is short for making a course correction before this grand experiment in liberty goes into deep hibernation."

In "The Financial Collapse Edges Closer, " Martin Hutchinson talks about the possible implosion of the US banking system as the Federal Reserve creates massive amounts of new money to bail out Fannie Mae, Freddie Mac and the new crises that present themselves in coming weeks. Showing some guarded optimism, he concludes "Thus a total collapse of the US financial system, while not inevitable, is a contingency which should now be planned for."

And if you're still in denial about our dire situation, then read Devvy Kidd's "Freddie & Fannie: Unconstitutional Bail Out Using What?" She also details how a the "financial catastrophe so many have been warning about for decades [is] coming home to roost."

David McAlvaney's latest podcast discusses the implications of the Fannie-Freddie bailouts, the IndyMac closing, and the latest in the financial tsunami. Doug Casey's latest chart shows that heating oil inventory hit record lows this year, just as prices hit record highs. Higher prices and shortages loom ahead of the next winter. Casey offers some practical advice on how to protect yourself from the coming "Greater Depression." Take it.

Folks, I can't overemphasize how serious this situation is. We are not -- I repeat -- not going to somehow muddle through this. When I first started studying the monetary system almost 40 years ago I saw the problem. The same economic laws are in effect. We've had several narrow escapes from financial catastrophe. But this time, all the elements in are in place for a "perfect storm," a financial tsunami.

For a little bit of comic relief (and a look at blatant lying from our "leaders") Jon Stewart gives a humorous take on how President Bush and Fed Head Bernanke both spoke on the economy at 10:20 am on July 15. They basically cancelled each other out!

We Need to Restore the Spirit of Liberty in America

America is at a crossroads. Do we resurrect the Spirit of Liberty that brought forth history's greatest experiment in human freedom? Or do we continue down the path toward fascism?

The disastrous legacy of the Cheney-Bush administration -- the pending financial disaster, the rise of the total surveillance security state, and the prospect of endless war -- threaten the survival of our Republic. Neither Barack Obama nor John McCain has the principles, vision and character to lead us toward more freedom and renewed prosperity. Congressional leadership is no better.

Congressman and medical doctor Ron Paul stands apart, and mostly alone, as a man dedicated to the principles of political liberty. He spoke Truth to Power in the Republican primaries and
became a phenomenon among young adults. He raised more money in the last quarter of 2007 than any other Republican. He insisted that his campaign was not about him, about the principles he holds and presents clearly and consistently.

Please read Dr. Paul's "Something Big Is Going On" to set the tone for your Independence Day holiday. And get his New York Times best-selling book, The Revolution: A Manifesto, for a clear-headed analysis and call to action. Michael Scheuer, recently retired CIA agent and expert on the mess we've made in the Middle East, reviews it here.

It is up to the people who discern the times, and know what should be done, to stand up and be counted. Only a precious few are able to see and think outside the bogus left-right analytical grid that obfuscates the real issues pertinent to political freedom. That you are reading this blog shows that you are one of them. With knowledge, comes responsibility. Take it!

Ron Paul -- The Revolution Continues

In case you haven’t heard yet, Congressman Ron Paul has shut down his Presidential campaign and started a new organization, the Campaign for Liberty. Though he received over 1.1 million votes, raised almost $20 million and has 46 delegates to the GOP National Convention, he has no hope of the GOP giving him a platform to promote his Constitutional views.

Instead, he’s planning an alternate convention with a rally in Minneapolis on September 2. He’s inviting all interested supporters to show up and rally for the cause of freedom.

In his announcement for the Campaign for Liberty, he encouraged his supporters to gear up for the long haul to return the GOP to its roots in Constitutionally limited government. He urged them to continue their grassroots “fourth generation” warfare to take back the party from the NeoCon currently in control. The new group will be supporting candidates, lobbying, and engaging in educational efforts. He’s like the “Swamp Fox against the GOP Tories and redcoats all over again.

Dr. Paul’s announcement is well worth spending 9 ½ minutes watching. He says “we will never give up, never give in” as encouragement to the thousands of people who rallied to his message of liberty. The most encouraging thing is that so many who joined the Ron Paul Revolution are under 30 years of age. Many are home schoolers who have escaped the government brainwashing mills. Maybe freedom has a future in America!

Ron is very specific in the areas we need to change our policies: foreign, monetary, domestic and taxation. We’ve got to deal with the impending bankruptcy of the US, runaway deficits and inflation, and the loss of our civil liberties. Above all, we must restore the respect for the rule of law and demand that our politicians start obeying the Constitution.

Almost 90% of Americans sense that our system is broken. While this is a dangerous situation, it also provides us with great opportunity. It is time to get to work educating families, friends and ourselves.

A great place to start is Paul’s new book, Revolution: A Manifesto, a powerful primer on the principles of liberty. It’s a refreshing, hopeful way to think about politics. It is still ranked No. 10 on the New York Times bestseller list. If you're puzzled about all the enthusiasm for Ron Paul, you need to read it. If you think you don't like what he stands for, but can't explain why concisely, you also need to read the book. You might be surprised what you find.

You might want to watch his recent interview on CNN. His straight forward, principled way of speaking is refreshing amidst all the spinning politicians out there.