Ex-CIA Presidential-briefer Wayne Madsen has done what the MainStreamMedia should have done no later than the 2008 Presidential primaries. He has done the research to vet Barry Soetoro, aka Barack H. Obama. This report lays it all out. I had heard many of these things before, but now Madsen has organized the information with the skill of an experienced geopolitical researcher. (Madsen's expose about Obama and Rahm Emmanuel being lifetime members of a ritzy Chicago gay bath house was just a warm-up for the main event.)
In short, Soetoro is a CIA creation, a Manchurian Candidate in full service to the Globalist Ruling Class. He has betrayed his liberal constituency in favor of the Ruling Class. Liberals have been every bit as duped by Soetoro as Conservatives were by George Bush II. As I predicted in November of 2008 after his election, Obama has become Bush on steroids. The change he promised was more of the awful things Bush did -- expanded imperial wars, record deficits, expanded surveillance state, dictatorial Presidency, trashing the Constitution, providing military cover for Israel, etc.
Moreover, most everything Soetoro-Obama is doing is NOT designed to try to help America recover economically and restore us to health. In accordance with his Marxist ideological background (along with his CIA roots), he is doing his dead level best to DESTROY America irreparably. This is the Cloward-Piven Strategy. He is in the employ of those who would bring us a New World Order.This cannot help his cratering Presidency. The only things that can save him is war and/or drawing Sarah Palin as his opponent in 2012.
I hope none of this sounds at all outlandish to you. If it does, you are consuming too much MSM. You're stuck in the Matrix. Do the research. Far too many Americans are in complete denial about what deep s**t we're in. There is no easy way out, nor easy way through this. We are on the way to social and economic breakdown.
The US Government is bankrupt. Adding unfunded liabilities for things like Social Security, Medicare, and pensions, total debt is over $100 Trillion! That is an unfathomable number. There is NO WAY that money will ever be repaid, nor be there with any kind of value when the obligations need to be paid. The dollar fiat currency will be inflated away as was the German Mark after WWI and Zimbabwe's currency now. It now takes almost $1300 USD to buy the same ounce of real money -- gold -- that $300 bought just ten years ago. The dollar is worth 4% of what it was with the founding of the Federal Reserve Bank in 1914. I still predict the death of the dollar by 2014. An inflationary depression followed by a purging is inevitable.
All the western welfare state economies are chained together in a fiat money orgy tied to the soon-to-be-defunct US dollar. The dollar is ripe for a drastic devaluation that will drive up the cost of all those imported goods from China, just at the time when real unemployment is nearing 25%. (Oh, did the MSM Pravda tell you otherwise?) Ambrose Evans-Pritchard says that "Time is Running Out for the West," as the debt crisis is spiraling out of control faster than anyone thought. Need more evidence? Read 40 Horrifying Statistics About the Collapse of the US Economy.
(Incidentally, if you're finally getting around to doing something to protect your remaining assets with precious metals like gold and silver, stay away from your broker's recommendation to buy ETFs. They are a derivative financial asset, not the real thing -- a "golden shell game." They are not redeemable for metals, and when you want the metals, you'll have to sell the paper and see if you can get the metals. If you plan to park your money in cash, remember that gold and silver in your possession is the only real cash that is not someone else's debt.
And the states are little better off, and only getting worse. I'm sure you've all seen the stories.
So things are coming to a head this fall. Whether the Ruling Class follows through on taking us to war with Iran is still an open question. If they do, we will surely suffer horrible unintended consequences. They'll probably use some kind of false flag operation on US soil to shock and awe the brain-dead majority into following Der Furhrer into another great war against the "evil Islamofascists." It worked so well with Afghanistan, Iraq and Pakistan, why not Iran? If it ain't broke, don't fix it. Americans even now seem ready to throw away their blood and treasure for the new Boogie Man.
A false flag terrorist event will lead to military control over the country. That's what happens in wartime, remember? Especially if we're attacked again at home. Military control means martial law, the end of the free internet, round up of "suspected or potential domestic terrorists," siezure of the economy, etc.
If we somehow dodge this bullet, we still face breakdown at home. Paul Craig Roberts has created quite a stir with his recent articles: The Ecstasy of Empire (why the American Empire will end) and The Year America Dissolved (2017 - into distopian clan warfare). Chuck Baldwin warns America Faces Social Breakdown. Everything the Communists said we needed to do to collapse, so they could "bury us," has happened. We are rapidily becoming Soviet Amerika. The only thing not fulfilled is taking away our guns. And don't think they don't have plans for that.
Meanwhile, Obama and his cohorts (who will be quick to tell you how much compassion they have for the downtrodden little people), are living high on the hog in ways that would even make George Bush blush! Instead of setting an example of frugality and sacrifice to match that of their economically suffering countrymen, they are instead living like kings. Indeed, Michelle's recent trip on Air Force Two with 40 of her closest friends to cavort on the Spanish coast got her dubbed "Material Girl" by the NY Daily News.
I can't help but think that forcing the people into some kind of wide-spread civil unrest and even armed revolt is part of what they have planned for us. I certainly hope not.
My preference is more along the lines of that old slogan during the Viet Nam War: "What if they gave a war and no one came?" My hope would be that people will wake up to the reality of what the Ruling Class is up to, and what they're doing to us, and engage in massive non-compliance. Stop playing the game. Stop paying taxes, even stop voting. Stop being willing victims.
What do you think?
Showing posts with label depression. Show all posts
Showing posts with label depression. Show all posts
Friday, August 20, 2010
Sunday, March 15, 2009
The Obama Deception and Economic Collapse
Though I've taken a bit of a sabbatical from posting my blog for two months, I've not stopped analyzing current events with an eye toward developing meaningful responses. I've enjoyed my respite from the depressing task of chronicling the collapse of most of the world's economies and the apparent end of what remains of Constitutional government in the US.
If I didn't think that my musings might be helpful to some of my readers, I would stop taking the time to do this. Time is the most limited resource. So if you find my posts helpful, please let me know. I'm certainly not doing this for the money! I write in hopes of helping to wake people up and motivate them to take actions to survive the Crisis we've entered.
While I wish I could report that the Obama administration's actions in his first 50 days fulfill his promise of "hope" and meaningful "change" for the better, nothing could be further from the truth. In fact, the Obamanation is proving to be every bit as bad as I feared, and probably worse. Most every prediction I made in my post of January 2nd is coming true.
Whatever his motives -- whether sincerely trying to do the best for America (doubtful) or cynically carrying out a plan for the global financial elite to impoverish and enslave us (likely) -- his announced policies and pending legislation by his party and allies spell doom for the American Dream and Constitutionally-limited government of our founders.
While the timing of future economic events and consequences is uncertain, their probability is high. Austrian economic theory (Mises, Hayek, Rothbard) makes it easy to see why Keynesianism has failed over the long term, and why more of the same will not save us this time. Peter Schiff's accurate predictions 2006-2007 were based on Austrian theory. Government produces nothing but chaos and inefficiency, and certainly can't create productive jobs any better than the market can. All it can do is regulate, mandate, borrow and inflate away the value of our currency, as well as wage wars and otherwise meddle in the affairs of other nations.
What we need to do is follow the Austrian prescription and restore a sound monetary system. Abolish the Federal Reserve, balance the budget, bring home the troops to provide a real homeland defense giving a real stimulus to the economy with the freed up money, and let the economy purge itself of all the malinvestments caused by the last 95 years of stimulus and fiat money creation.
That is not likely to happen because politicians feel like they "have to do something," and fiat money gives them the ability to buy votes and favor their friends (see the "stimulus" bill's fine print). Instead, we have initial bailout commitments in the range of $8.5 Trillion with a derivative bomb of $700 Trillion to 1.28 Quadrillion still waiting to detonate. Do you think your paper dollar-based investments are going to retain their value? There is a good reason why gold is the best-performing investment of the last twelve months. This year gold will probably rise to $1500-2000 measured in depreciating USD. Shortages in gold coins are again appearing, as the Mint has decided to stop producing fractional coins altogether.
If you are still listening to mainstream financial advisers, stop it (unless they told you to sell your stocks by last summer and invest in gold). They are part of the system. They don't make any money off you unless they invest your money in conventional investments. Once you buy gold and silver and put it in a safe place, they make no money off you. So why on earth would they tell you otherwise, unless they are highly ethical?
Jon Stewart did a masterful job last week chopping up Jim Cramer (see video) as the face of all the CNBC and other mainstream financial commentators who have always promoted conventional investments and the buy-and-hold mantra. What a sad state of affairs when it takes a late-night cable TV comedian to step into the gap vacated by financial journalists. No wonder newspapers are going broke! People want the truth!! I rarely miss watching The Daily Show.
Do not be deceived by the current strength of the USD relative to other currencies which are deteriorating more rapidily. This short term so-called "flight to safety" (sic) into the USD and the continuing near-zero interest rate on treasury debt is just the latest financial bubble. The Treasury has to float 2.7 $Trillion ($450 billion a month) in new debt by September, and no one has the cash. If they get it, the bubble gets even bigger. If they don't, watch it burst.
The flight from the USD could come suddenly and happen rapidly. The global consequences could be more devastating than anyone wants to contemplate. The global financial system is so interconnected, that it could suffer a massive meltdown. When the bubble bursts, expect a stampede into precious metals, commodities and other real wealth stores of value.
We're seeing The Looting of America's Coffers right before our eyes! To add injury to insult, the head of the Fed and Treasury Secretary refuse to tell us who the ultimate recipients are! Moreover, Washington is preparing the FDIC for massive bank failures with a new bill authorizing $500 billion in "loans" to insure bank deposits. (Now we know why 60 Minutes featured the FDIC smoothly handling a bank failure last week.)
It is important for you to realize deep down in your gut that the economy is not in a mere "recession," no matter how much you hear the talking heads say it. We are in a collapse or "massive deleveraging" or Greater Depression or a condition "worse than the Great Depression" exacerbated by the actions in the last days of the Bush Administration and continued by Obama. (Always remember that Obama worked hard to get the original Banker Bailout Bill passed last fall.) That being the case, we all need to make preparations NOW to survive in precarious times unlike any most of us have ever experienced.
Increasing numbers of people are already making preparations. The basics include: putting in a basic food supply (yes, "victory gardens" are back); a water source and filtration system; secure heirloom seeds and plant a food garden; securing a supply of basic medications; securing self-defense tools and abilities; converting paper investments to gold, silver and barter items; relocating to a safer location if possible; and many more. See the excellent Dare to Prepare. Also read Reinventing Collapse: The Soviet Example and American Prospects.
Governments at any level will not be able to save us. The politicians don't have the money or the expertise. What's more, with unemployment rising and oil prices and property values falling, tax receipts are falling. So most governments are experiencing significant budget shortfalls, if not outright bankruptcy. Services and transfer payments will be cut. Most pensions will not be paid, except with greatly depreciated dollars. Most baby boomers won't spend their "golden years" on the golf course, unless they had the foresight to put their investments into gold (and if golf courses are not planted in food or covered with tent cities).
Most pensions and government retirement, medical and insurance programs are all Ponzi schemes that depend on continual economic growth and new contributors to keep paying out benefits. Experts have been warning for a generation that Social Security and Medicare are unfunded liabilities (the "trust funds" are "invested" in government IOUs) and would go bankrupt sometime between 2010 and 2020 when the baby boomers move significantly into their retirement years.
The politicians at the national level mostly know all this. Reports of the super-secret closed-door session of Congress a year ago say they were warned then about the coming financial crisis last September and the prospects for martial law. Senator Inhofe and Rep. Brad Sherman both reported that impending martial law was the threat used to push through the Banker Bailout Bill after its initial rejection.
My personal view is that we are headed for outright, conscious dictatorship under Obama. If you are still misty-eyed and goose-bumpy over the "hope" you have in Obama, I'd urge you to look at the facts and connect the dots for yourself. You are just as prone to make the same kinds of denials, rationalizations and justifications for Obama as conservatives made for the incredibly reprehensible actions of the the Cheney-Bush cabal. It is human nature not to admit you've been wrong or conned. I often ask Obama fans if they think Obama supporters will stay in denial as long as Bush supporters did. The most common response is silence and a blank stare.
Obama is no more in charge than Bush was. His "lost years" make speculation about his being some kind of "Manchurian Candidate" easy. They work for the same people. Obama had three times the amount of campaign contributions from Wall Street as John McCain, and his chief of staff, Rahm Emanuel, made his fortune in a few years of investment banking plying the connections he made in the Clinton administration.
Whether you want to call them the global elite, the Illuminati, the Anglo-American establishment, the Capitalists, the Communists, or whatever, they are the same people that have been in control from more than a hundred years. No one becomes President without their blessing and support, and no one stays President unless they go along with the program.
It is no accident that Obama's administration is stuffed full of members of the Trilateral Commission, the Council on Foreign Relations, ex-Wall Street financiers and Zionist agents. When Jimmy Carter replaced Gerald Ford, it was commonly said that the Trilateral B Team was simply replacing the Trilateral A Team. For a good overview watch Alex Jones' new film, The Obama Deception. Share this video with all your friends.
If your mind wants to reject this kind of thinking as "conspiratorial," just ask yourself where did this revulsion against "conspiracies" came from? Did you come to this conclusion yourself, or did you pick it up in college or from the mainstream media? As Murray Rothbard wrote "It is also important for the State to inculcate in its subjects an aversion to any outcropping of what is now called 'a conspiracy theory of history.' For a search for 'conspiracies,' as misguided as the results often are, means a search for motives, and an attribution of individual responsibility for the historical misdeeds of ruling elites."
Some required introductory reading in this field includes: Conspiracy: A Biblical View (free pdf); Call It Conspiracy; The Creature from Jekyll Island; The Occult Technology of Power (free).
It is easy to make the case that the recently passed "stimulus bill" is a prescription for chaos designed to consolidate more power in Washington, specifically in the Executive branch. "It has all been planned. And the goal is not to help the economy. The goal is to achieve chaos, because chaos leads to more government control . . . They don't believe they should be bothered with elections or dissent or any of the nuisances of a free society. They believe they deserve perpetual power, because they are part of the enlightened elite.
Prepare for harder times than you have seen in your lifetime.
Prepare for more debt.
Prepare for more redistribution of wealth, more unfairness and inequity.
Prepare for one bailout after another.
Prepare for more "emergency" legislation like the so-called "stimulus" bill.
Prepare for unilateral executive action through presidential decision directives.
Prepare for attacks on the free press and free speech.
This is where we are inevitably going with the "change" promises by Obama.
You're going to get change all right.
The government is going to show you how bad it can get, so you will accept its most draconian solutions.
You haven't seen anything yet."
Obama's prescription for Amerika is a "toxic brew" that seems intent on a revolutionary upheaval that will move us closer to the USSR, Nazi Germany or Castro's Cuba than anything imagined by our Founders.
In my next post, I'll get into more detail about the coming dictatorship. Start preparing NOW!
I cannot stress enough that you should try to listen to Alex Jones Sunday-Friday. You can hear a continuous loop of his 4 hour show. You can also subscribe to his podcast and control your listening. I also recommend Michael Rivero's What Really Happened radio show and web site, which also runs continuous loops, so you can listen any time you want to. Peruse these sites, as well as the others listed as my "top news sites," and you'll be able to get far more than I give you on my blog.
Grace and Peace and Courage to you!
If I didn't think that my musings might be helpful to some of my readers, I would stop taking the time to do this. Time is the most limited resource. So if you find my posts helpful, please let me know. I'm certainly not doing this for the money! I write in hopes of helping to wake people up and motivate them to take actions to survive the Crisis we've entered.
While I wish I could report that the Obama administration's actions in his first 50 days fulfill his promise of "hope" and meaningful "change" for the better, nothing could be further from the truth. In fact, the Obamanation is proving to be every bit as bad as I feared, and probably worse. Most every prediction I made in my post of January 2nd is coming true.
Whatever his motives -- whether sincerely trying to do the best for America (doubtful) or cynically carrying out a plan for the global financial elite to impoverish and enslave us (likely) -- his announced policies and pending legislation by his party and allies spell doom for the American Dream and Constitutionally-limited government of our founders.
While the timing of future economic events and consequences is uncertain, their probability is high. Austrian economic theory (Mises, Hayek, Rothbard) makes it easy to see why Keynesianism has failed over the long term, and why more of the same will not save us this time. Peter Schiff's accurate predictions 2006-2007 were based on Austrian theory. Government produces nothing but chaos and inefficiency, and certainly can't create productive jobs any better than the market can. All it can do is regulate, mandate, borrow and inflate away the value of our currency, as well as wage wars and otherwise meddle in the affairs of other nations.
What we need to do is follow the Austrian prescription and restore a sound monetary system. Abolish the Federal Reserve, balance the budget, bring home the troops to provide a real homeland defense giving a real stimulus to the economy with the freed up money, and let the economy purge itself of all the malinvestments caused by the last 95 years of stimulus and fiat money creation.
That is not likely to happen because politicians feel like they "have to do something," and fiat money gives them the ability to buy votes and favor their friends (see the "stimulus" bill's fine print). Instead, we have initial bailout commitments in the range of $8.5 Trillion with a derivative bomb of $700 Trillion to 1.28 Quadrillion still waiting to detonate. Do you think your paper dollar-based investments are going to retain their value? There is a good reason why gold is the best-performing investment of the last twelve months. This year gold will probably rise to $1500-2000 measured in depreciating USD. Shortages in gold coins are again appearing, as the Mint has decided to stop producing fractional coins altogether.
If you are still listening to mainstream financial advisers, stop it (unless they told you to sell your stocks by last summer and invest in gold). They are part of the system. They don't make any money off you unless they invest your money in conventional investments. Once you buy gold and silver and put it in a safe place, they make no money off you. So why on earth would they tell you otherwise, unless they are highly ethical?
Jon Stewart did a masterful job last week chopping up Jim Cramer (see video) as the face of all the CNBC and other mainstream financial commentators who have always promoted conventional investments and the buy-and-hold mantra. What a sad state of affairs when it takes a late-night cable TV comedian to step into the gap vacated by financial journalists. No wonder newspapers are going broke! People want the truth!! I rarely miss watching The Daily Show.
Do not be deceived by the current strength of the USD relative to other currencies which are deteriorating more rapidily. This short term so-called "flight to safety" (sic) into the USD and the continuing near-zero interest rate on treasury debt is just the latest financial bubble. The Treasury has to float 2.7 $Trillion ($450 billion a month) in new debt by September, and no one has the cash. If they get it, the bubble gets even bigger. If they don't, watch it burst.
The flight from the USD could come suddenly and happen rapidly. The global consequences could be more devastating than anyone wants to contemplate. The global financial system is so interconnected, that it could suffer a massive meltdown. When the bubble bursts, expect a stampede into precious metals, commodities and other real wealth stores of value.
We're seeing The Looting of America's Coffers right before our eyes! To add injury to insult, the head of the Fed and Treasury Secretary refuse to tell us who the ultimate recipients are! Moreover, Washington is preparing the FDIC for massive bank failures with a new bill authorizing $500 billion in "loans" to insure bank deposits. (Now we know why 60 Minutes featured the FDIC smoothly handling a bank failure last week.)
It is important for you to realize deep down in your gut that the economy is not in a mere "recession," no matter how much you hear the talking heads say it. We are in a collapse or "massive deleveraging" or Greater Depression or a condition "worse than the Great Depression" exacerbated by the actions in the last days of the Bush Administration and continued by Obama. (Always remember that Obama worked hard to get the original Banker Bailout Bill passed last fall.) That being the case, we all need to make preparations NOW to survive in precarious times unlike any most of us have ever experienced.
Increasing numbers of people are already making preparations. The basics include: putting in a basic food supply (yes, "victory gardens" are back); a water source and filtration system; secure heirloom seeds and plant a food garden; securing a supply of basic medications; securing self-defense tools and abilities; converting paper investments to gold, silver and barter items; relocating to a safer location if possible; and many more. See the excellent Dare to Prepare. Also read Reinventing Collapse: The Soviet Example and American Prospects.
Governments at any level will not be able to save us. The politicians don't have the money or the expertise. What's more, with unemployment rising and oil prices and property values falling, tax receipts are falling. So most governments are experiencing significant budget shortfalls, if not outright bankruptcy. Services and transfer payments will be cut. Most pensions will not be paid, except with greatly depreciated dollars. Most baby boomers won't spend their "golden years" on the golf course, unless they had the foresight to put their investments into gold (and if golf courses are not planted in food or covered with tent cities).
Most pensions and government retirement, medical and insurance programs are all Ponzi schemes that depend on continual economic growth and new contributors to keep paying out benefits. Experts have been warning for a generation that Social Security and Medicare are unfunded liabilities (the "trust funds" are "invested" in government IOUs) and would go bankrupt sometime between 2010 and 2020 when the baby boomers move significantly into their retirement years.
The politicians at the national level mostly know all this. Reports of the super-secret closed-door session of Congress a year ago say they were warned then about the coming financial crisis last September and the prospects for martial law. Senator Inhofe and Rep. Brad Sherman both reported that impending martial law was the threat used to push through the Banker Bailout Bill after its initial rejection.
My personal view is that we are headed for outright, conscious dictatorship under Obama. If you are still misty-eyed and goose-bumpy over the "hope" you have in Obama, I'd urge you to look at the facts and connect the dots for yourself. You are just as prone to make the same kinds of denials, rationalizations and justifications for Obama as conservatives made for the incredibly reprehensible actions of the the Cheney-Bush cabal. It is human nature not to admit you've been wrong or conned. I often ask Obama fans if they think Obama supporters will stay in denial as long as Bush supporters did. The most common response is silence and a blank stare.
Obama is no more in charge than Bush was. His "lost years" make speculation about his being some kind of "Manchurian Candidate" easy. They work for the same people. Obama had three times the amount of campaign contributions from Wall Street as John McCain, and his chief of staff, Rahm Emanuel, made his fortune in a few years of investment banking plying the connections he made in the Clinton administration.
Whether you want to call them the global elite, the Illuminati, the Anglo-American establishment, the Capitalists, the Communists, or whatever, they are the same people that have been in control from more than a hundred years. No one becomes President without their blessing and support, and no one stays President unless they go along with the program.
It is no accident that Obama's administration is stuffed full of members of the Trilateral Commission, the Council on Foreign Relations, ex-Wall Street financiers and Zionist agents. When Jimmy Carter replaced Gerald Ford, it was commonly said that the Trilateral B Team was simply replacing the Trilateral A Team. For a good overview watch Alex Jones' new film, The Obama Deception. Share this video with all your friends.
If your mind wants to reject this kind of thinking as "conspiratorial," just ask yourself where did this revulsion against "conspiracies" came from? Did you come to this conclusion yourself, or did you pick it up in college or from the mainstream media? As Murray Rothbard wrote "It is also important for the State to inculcate in its subjects an aversion to any outcropping of what is now called 'a conspiracy theory of history.' For a search for 'conspiracies,' as misguided as the results often are, means a search for motives, and an attribution of individual responsibility for the historical misdeeds of ruling elites."
Some required introductory reading in this field includes: Conspiracy: A Biblical View (free pdf); Call It Conspiracy; The Creature from Jekyll Island; The Occult Technology of Power (free).
It is easy to make the case that the recently passed "stimulus bill" is a prescription for chaos designed to consolidate more power in Washington, specifically in the Executive branch. "It has all been planned. And the goal is not to help the economy. The goal is to achieve chaos, because chaos leads to more government control . . . They don't believe they should be bothered with elections or dissent or any of the nuisances of a free society. They believe they deserve perpetual power, because they are part of the enlightened elite.
Prepare for harder times than you have seen in your lifetime.
Prepare for more debt.
Prepare for more redistribution of wealth, more unfairness and inequity.
Prepare for one bailout after another.
Prepare for more "emergency" legislation like the so-called "stimulus" bill.
Prepare for unilateral executive action through presidential decision directives.
Prepare for attacks on the free press and free speech.
This is where we are inevitably going with the "change" promises by Obama.
You're going to get change all right.
The government is going to show you how bad it can get, so you will accept its most draconian solutions.
You haven't seen anything yet."
Obama's prescription for Amerika is a "toxic brew" that seems intent on a revolutionary upheaval that will move us closer to the USSR, Nazi Germany or Castro's Cuba than anything imagined by our Founders.
In my next post, I'll get into more detail about the coming dictatorship. Start preparing NOW!
I cannot stress enough that you should try to listen to Alex Jones Sunday-Friday. You can hear a continuous loop of his 4 hour show. You can also subscribe to his podcast and control your listening. I also recommend Michael Rivero's What Really Happened radio show and web site, which also runs continuous loops, so you can listen any time you want to. Peruse these sites, as well as the others listed as my "top news sites," and you'll be able to get far more than I give you on my blog.
Grace and Peace and Courage to you!
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.
Monday, December 1, 2008
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.
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.
Friday, November 21, 2008
Financial Tsunami Still Unfolding
I wish I could report that it appears the worst is over for the economy. It is not. That bad news continues to unfold, with the summer of 2009 shaping up to fulfill "summer from hell" prediction of the time monks at HalfPastHuman.
As confirmation, the Global Europe Anticipation Bulletin (GEAB) has recently predicted that this summer would see Phase IV of the global systemic crisis with Breakdown of the Global Monetary System. A few weeks earlier, they forecast that the United States would default on it debt in the same time period. (Merrill Lynch reports America will soon lose its AAA credit rating.) Lest you wonder about the validity of their forecasts, in February 2008 they predicted that September would mark the breakdown of the US economy. Read all three of these summaries to to appreciate the magnitude of the worldwide financial crisis.
Gerald Celente, CEO of Trends Research Institute, is one of America's most famous trends forecasters. He predicted the stock market crash of 1987, the fall of the Soviet Union, gourmet coffees, etc. He "says that by 2012 America will become an undeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolt and job marches, and that holidays will be more about obtaining food, not gifts." See his video here.
Paul Farrell, who predicted the Dot.com crash and the sub-prime meltdown, has listed 30 reasons why we will have a second Great Depression by 2011. (Ed Roubini lists only 20 reasons if you want a more optimistic assessment.) The US dollar is in a temporary rally that will not last. Soon it will collapse, along with the global credit markets. Three megatrends driving the collapse are: falling tax revenues, rapidly increasing US debt and liabilities, and a corresponding reluctance of foreign countries to buy US debt. Hyperstagflation will result.
Here's what it looks like in Zimbabwe. Present-day Iceland give us a preview. And we know what the German inflation of the 1930's led to. What might it become in America? The effects of depression in the US are likely to shake us to the core. The real economy will collapse.
Dmitry Orlov's Five Stages of Collapse is well worth the read. The progressive collapse is: financial, commercial, political, social and finally cultural. Sweet!
Worldwide economic contraction is occurring. I still predict the total dollar collapse or devaluation by 2013, the 100th anniversary of the founding of the Federal Reserve, which started the American phase of a 300 year-old central banking Ponzi scheme. When the general commodity de-leveraging finishes, expect gold to explode. Baby Boomers, pondering retirement options, need to take this into consideration.
Democrats have been holding hearings on various proposals to confiscate personal retirement accounts, including 401-Ks and IRAs to convert them to Guaranteed Retirement Accounts (GRAs) managed by the Social Security Administration. Based on his statements about "redistributing the wealth," Obama would not oppose this. Watch this closely and think about cashing in your retirement accounts early if this appears likely. If the Democrats get their filibuster-proof Senate, I'd bet on it happening.
Speaking of Obama, we see increasing likelihood that those who want a major change in US military intervention around the globe will be disappointed. Several (and here, here, and here) progressives observe that the early list of Obama's transition team and appointments indicate the War Party will continue unhindered. He's committed to expanding the unwinnable quagmire in Afghanistan. Gerald Celente says that "Going to Summers, Rubin, Reich, Tyson, Volker and the rest of them to fix the economy is like fighting the War on Crime by bringing in Al Capone, Meyer Lansky, Bugsy Seagal, and Machine Gun Kelly." The Clinton team played a big role in causing the crisis.
Another trend to take into consideration is the increasing mention of preparations for martial law in America. Congressmen were threatened with martial law if they did not vote for the Banker Bailout Bill (estimated at more than $3.5 Trillion now) in October. Democratic Rep. Brad Sherman reports it here. Republican Senator Jim Inhofe recently revealed that the threats were made directly by Treasury Secretary Hank Paulson. Drills for domestic martial occur yearly. NorthCom has now repositioned three combat units from Iraq into the US. Even MTV anticipates martial law. I saw several references in movie trailers before we watched the new James Bond movie last night.
Speaking of the Big Banker Bailout bill and it's associates, the total bill now is $3.5 Trillion and growing! Rep. Dennis Kucinich says it was sold as a "bait and switch" opeation, and that we're seeing "racketering on a scale this country has never seen before." Paulson's refusal to show the recipients of the loot is only fueling the movement to reconsider the Bailout.
What practically can we do?
None of this is pleasant to think about. Proverbs 27:12 says: "The prudent sees danger and hides himself, but the simple go on and suffer for it." Hiding means taking prudent preparations. In our case, prudence requires that we convert as many of our dollar-denominated assets to gold, silver, security measures, food storage (great Christmas idea), seeds, water filters, and whatever else we will need to prepare for hard times. See Robert Waldrop's excellent website on Permaculture for lots of good advice. I'm encouraging my neighborhood association to develop plans for neighborhood security and helping neighbors plant victory gardens to ease dependence on the food transportation system. I also recommend looking into joining the fastest growing movement in Christianity, the house church. You know, like the New Testament model.
FYI, even though I'm planning a later article on global cooling, I found this today cataloguing the failures of Global Warming theories with stories from just the last two weeks! Keep these in mind as Obama pushes for carbon taxes.
As confirmation, the Global Europe Anticipation Bulletin (GEAB) has recently predicted that this summer would see Phase IV of the global systemic crisis with Breakdown of the Global Monetary System. A few weeks earlier, they forecast that the United States would default on it debt in the same time period. (Merrill Lynch reports America will soon lose its AAA credit rating.) Lest you wonder about the validity of their forecasts, in February 2008 they predicted that September would mark the breakdown of the US economy. Read all three of these summaries to to appreciate the magnitude of the worldwide financial crisis.
Gerald Celente, CEO of Trends Research Institute, is one of America's most famous trends forecasters. He predicted the stock market crash of 1987, the fall of the Soviet Union, gourmet coffees, etc. He "says that by 2012 America will become an undeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolt and job marches, and that holidays will be more about obtaining food, not gifts." See his video here.
Paul Farrell, who predicted the Dot.com crash and the sub-prime meltdown, has listed 30 reasons why we will have a second Great Depression by 2011. (Ed Roubini lists only 20 reasons if you want a more optimistic assessment.) The US dollar is in a temporary rally that will not last. Soon it will collapse, along with the global credit markets. Three megatrends driving the collapse are: falling tax revenues, rapidly increasing US debt and liabilities, and a corresponding reluctance of foreign countries to buy US debt. Hyperstagflation will result.
Here's what it looks like in Zimbabwe. Present-day Iceland give us a preview. And we know what the German inflation of the 1930's led to. What might it become in America? The effects of depression in the US are likely to shake us to the core. The real economy will collapse.
Dmitry Orlov's Five Stages of Collapse is well worth the read. The progressive collapse is: financial, commercial, political, social and finally cultural. Sweet!
Worldwide economic contraction is occurring. I still predict the total dollar collapse or devaluation by 2013, the 100th anniversary of the founding of the Federal Reserve, which started the American phase of a 300 year-old central banking Ponzi scheme. When the general commodity de-leveraging finishes, expect gold to explode. Baby Boomers, pondering retirement options, need to take this into consideration.
Democrats have been holding hearings on various proposals to confiscate personal retirement accounts, including 401-Ks and IRAs to convert them to Guaranteed Retirement Accounts (GRAs) managed by the Social Security Administration. Based on his statements about "redistributing the wealth," Obama would not oppose this. Watch this closely and think about cashing in your retirement accounts early if this appears likely. If the Democrats get their filibuster-proof Senate, I'd bet on it happening.
Speaking of Obama, we see increasing likelihood that those who want a major change in US military intervention around the globe will be disappointed. Several (and here, here, and here) progressives observe that the early list of Obama's transition team and appointments indicate the War Party will continue unhindered. He's committed to expanding the unwinnable quagmire in Afghanistan. Gerald Celente says that "Going to Summers, Rubin, Reich, Tyson, Volker and the rest of them to fix the economy is like fighting the War on Crime by bringing in Al Capone, Meyer Lansky, Bugsy Seagal, and Machine Gun Kelly." The Clinton team played a big role in causing the crisis.
Another trend to take into consideration is the increasing mention of preparations for martial law in America. Congressmen were threatened with martial law if they did not vote for the Banker Bailout Bill (estimated at more than $3.5 Trillion now) in October. Democratic Rep. Brad Sherman reports it here. Republican Senator Jim Inhofe recently revealed that the threats were made directly by Treasury Secretary Hank Paulson. Drills for domestic martial occur yearly. NorthCom has now repositioned three combat units from Iraq into the US. Even MTV anticipates martial law. I saw several references in movie trailers before we watched the new James Bond movie last night.
Speaking of the Big Banker Bailout bill and it's associates, the total bill now is $3.5 Trillion and growing! Rep. Dennis Kucinich says it was sold as a "bait and switch" opeation, and that we're seeing "racketering on a scale this country has never seen before." Paulson's refusal to show the recipients of the loot is only fueling the movement to reconsider the Bailout.
What practically can we do?
None of this is pleasant to think about. Proverbs 27:12 says: "The prudent sees danger and hides himself, but the simple go on and suffer for it." Hiding means taking prudent preparations. In our case, prudence requires that we convert as many of our dollar-denominated assets to gold, silver, security measures, food storage (great Christmas idea), seeds, water filters, and whatever else we will need to prepare for hard times. See Robert Waldrop's excellent website on Permaculture for lots of good advice. I'm encouraging my neighborhood association to develop plans for neighborhood security and helping neighbors plant victory gardens to ease dependence on the food transportation system. I also recommend looking into joining the fastest growing movement in Christianity, the house church. You know, like the New Testament model.
FYI, even though I'm planning a later article on global cooling, I found this today cataloguing the failures of Global Warming theories with stories from just the last two weeks! Keep these in mind as Obama pushes for carbon taxes.
Tuesday, September 30, 2008
The Thing That Won't Die
The taxpayers won the first battle with the Fat Cat Bailout. But like most horror movies, the monster is not dead. One battle victory does not win a war. Congress will vote on a revised bailout bill Thursday. They're throwing a few superficial bones to taxpayers, but not changing the most onerous parts.
The Demopublican establishment and their Mainstream Media lackeys are applying the full court press. The McBama Ocain puppet, up to its eyeballs in Wall Street, Fannie Mae and Freddy Mac money, is pitching the Fat Cat Bailout at every campaign appearance. All the PTB has to do is twist 12 arms with enough bribery or threats.
Since Big Money controls most Senators and Representatives, and since PTB have the ability to threaten loss of funding for special projects, military bases, and even worse, it will take an all out effort by taxpayers to hold their Congresspeople in line. This is no time to sit back in distracted apathy!
Please call your Congressperson today! If they voted against the Bailout the first time, thank them and ask them to hold the line again. If they voted for it, ask them to vote against it this time. Here's all for all the information you need about this -- phone numbers, how they voted, etc. We've already seen how making your views known can kill this bailout. When politicians feel the heat, they see the light!
Alex Jones noted today that every major TV show was spouting the same talking points in favor of the "new and improved" version of the Fat Cat Bailout, now called a "rescue." They're going for the jugular, with blackmail using the fear factor to threaten our IRAs, pensions and 401-Ks. Don't fall for it.
Folks, depression or deep recession is already in the cards. There will be pain. The only question is how we can minimize the pain and get over it quickly, while retaining what's left of our freedom. If we lose our freedom, all we really care about will be lost.
The worst part of the Fat Cat Bailout is that "Treasury Secretary Paulson wants the absolute, unchecked and unlimited authority to buy or sell ANY mortgage related asset at ANY price he deems 'appropriate.' The man asked Congress to
a) Give him a $700 billion blank check, and
b) Let him be a law unto himself.
Lest we forget how much $700 billion is, the entire Department of Defense has the largest budget by far of any government agency -- the dollar figure was $479.5 billion for FY2008. Can you imagine the Secretary of Defense asking for the authority that Paulson wants? [Here's another view of what $700 billion can do.]
Whatever deal (if any) the Congress reaches, nothing in it matters more than whether Paulson got the degree of authority he asked for."
Paulson, who is reported to have walked away from Goldman Sachs with several hundred million dollars, would get a blank check and unconstitutional, unlimited power to do do whatever he wants to! Ben Stein shows the absurdity of this situation and proposes more commonsense measures. And you won't believe how they came up with the figure $700 billion!
Lest you find yourself being swayed by all the fear-mongering, see why Lew Rockwell says the defeat Monday of the Fat Cat Bailout is not only the precondition for a speedy readjustment and recovery, but also to maintain our freedom.
Harvard economist, Jeffrey Miron, was one of the 166 economists who sent a joint letter to Congress opposing the bailout. He writes that "In contrast [to bankruptcy], a bailout transfers enormous wealth from taxpayers to those who knowingly engaged in risky subprime lending. Thus, the bailout encourages companies to take large, imprudent risks and count on getting bailed out by government. This 'moral hazard' generates enormous distortions in an economy's allocation of its financial resources."
Main Street is finally telling Wall Street they're mad as hell and not going to take it any more! For more pertinent information on the real nature and dangers of the Bailout, see here, here, here, here, here, here, here, here, here and here (speculative, but plausible).
Perhaps you heard about how Nancy Pelosi imposed martial law in the House of Representatives to ram through the Monday vote in less than the required time. It's bad enough that too many elected officials don't read the bills, but when the leadership won't even give them time to read and consider them, you know we're in trouble.
Speaking of martial law, the announced stationing of US Army troops for stateside patrols is generating lots of concern. Bush's successful efforts to do away with the Posse Comitatus law prohibiting the use of the military for domestic duties was not done to combat "terrorism." It was for martial law. Let your friends know about this.
The Demopublican establishment and their Mainstream Media lackeys are applying the full court press. The McBama Ocain puppet, up to its eyeballs in Wall Street, Fannie Mae and Freddy Mac money, is pitching the Fat Cat Bailout at every campaign appearance. All the PTB has to do is twist 12 arms with enough bribery or threats.
Since Big Money controls most Senators and Representatives, and since PTB have the ability to threaten loss of funding for special projects, military bases, and even worse, it will take an all out effort by taxpayers to hold their Congresspeople in line. This is no time to sit back in distracted apathy!
Please call your Congressperson today! If they voted against the Bailout the first time, thank them and ask them to hold the line again. If they voted for it, ask them to vote against it this time. Here's all for all the information you need about this -- phone numbers, how they voted, etc. We've already seen how making your views known can kill this bailout. When politicians feel the heat, they see the light!
Alex Jones noted today that every major TV show was spouting the same talking points in favor of the "new and improved" version of the Fat Cat Bailout, now called a "rescue." They're going for the jugular, with blackmail using the fear factor to threaten our IRAs, pensions and 401-Ks. Don't fall for it.
Folks, depression or deep recession is already in the cards. There will be pain. The only question is how we can minimize the pain and get over it quickly, while retaining what's left of our freedom. If we lose our freedom, all we really care about will be lost.
The worst part of the Fat Cat Bailout is that "Treasury Secretary Paulson wants the absolute, unchecked and unlimited authority to buy or sell ANY mortgage related asset at ANY price he deems 'appropriate.' The man asked Congress to
a) Give him a $700 billion blank check, and
b) Let him be a law unto himself.
Lest we forget how much $700 billion is, the entire Department of Defense has the largest budget by far of any government agency -- the dollar figure was $479.5 billion for FY2008. Can you imagine the Secretary of Defense asking for the authority that Paulson wants? [Here's another view of what $700 billion can do.]
Whatever deal (if any) the Congress reaches, nothing in it matters more than whether Paulson got the degree of authority he asked for."
Paulson, who is reported to have walked away from Goldman Sachs with several hundred million dollars, would get a blank check and unconstitutional, unlimited power to do do whatever he wants to! Ben Stein shows the absurdity of this situation and proposes more commonsense measures. And you won't believe how they came up with the figure $700 billion!
Lest you find yourself being swayed by all the fear-mongering, see why Lew Rockwell says the defeat Monday of the Fat Cat Bailout is not only the precondition for a speedy readjustment and recovery, but also to maintain our freedom.
Harvard economist, Jeffrey Miron, was one of the 166 economists who sent a joint letter to Congress opposing the bailout. He writes that "In contrast [to bankruptcy], a bailout transfers enormous wealth from taxpayers to those who knowingly engaged in risky subprime lending. Thus, the bailout encourages companies to take large, imprudent risks and count on getting bailed out by government. This 'moral hazard' generates enormous distortions in an economy's allocation of its financial resources."
Main Street is finally telling Wall Street they're mad as hell and not going to take it any more! For more pertinent information on the real nature and dangers of the Bailout, see here, here, here, here, here, here, here, here, here and here (speculative, but plausible).
Perhaps you heard about how Nancy Pelosi imposed martial law in the House of Representatives to ram through the Monday vote in less than the required time. It's bad enough that too many elected officials don't read the bills, but when the leadership won't even give them time to read and consider them, you know we're in trouble.
Speaking of martial law, the announced stationing of US Army troops for stateside patrols is generating lots of concern. Bush's successful efforts to do away with the Posse Comitatus law prohibiting the use of the military for domestic duties was not done to combat "terrorism." It was for martial law. Let your friends know about this.
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!
Thursday, July 17, 2008
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!
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!
Wednesday, July 9, 2008
More Treacherous Economic Signposts
David McAlvaney's latest podcast is out. As usual, the analysis is not optimistic. We're already in an under-reported US and worldwide financial crisis. Everyone in the world but Americans realize the financial system is broken. Crooks abound, and trust has disappeared. The Fed and US financial media are trying to hold everything up with spin and false statistics. Believe it at your own risk.
There is a high likelihood that the US stock market will crash by mid-fall. That's on top of the slide over the last 7 years. The US is in recession, and inflation is picking up. If Obama wins the election (likely right now), his first 100 days will be like FDR's. Higher taxes and more regulation supposed to alleviate our financial crisis will deal a devastating blow.
The McAlvaneys just put out a new 2-hour DVD with their current geo-political and economic analysis, "When Greed Turns to Fear: How to Protect Your Portfolios from the Day of Panic." Ask for a free copy and the latest printed newsletter. Call Rob at 800-525-9556, Ext 101.
Meanwhile Gary North writes about his pick for the worst-case economic scenario over the next 6-12 months. He analyses the ramifications of an attack by Israel and/or the US on Iran, both in terms of $10+ a gallon gasoline and the resulting permanent war with Shia insurgents in Iraq. He suggests you plan accordingly.
Jacob Hornberger points out that "Americans Had It Coming." Higher prices for gasoline, food and most other things are the price of empire and imperial adventurism. Our ill-fated invasions of Iraq and Afghanistan have become "black holes of federal expenditures," instead of the self-funding cakewalks the NeoCons promised. Rather than raise taxes to pay for the $535 Billion cost of these wars, the government borrowed the money from the Chinese. "Well, what did Americans think — that empires come cheap?"
[Do you remember Secretary of Defense Donald Rumsfeld breaking the news on Sept. 10, 2001 that the Pentagon could not account for $2.3 TRILLION in funds? They disappeared just like countless billions in Iraq that can't be found. An event the next day swept this news out of the public's mind. Whatever hit the Pentagon just happened to wipe out the accounting section that had all the records. What a coincidence! For some reason, not another word was said about the missing TRILLIONS.]
If you didn't read last week's post "Treacherous Economic Signposts," now is a good time to do it. You might even want to review it if you did. There are so many daily distractions that it is hard to keep focused on dark storm moving in on the horizon.
I keep mentioning these financial problems because now is NOT the time for complacency. Things really are different this time. This is not going to "somehow" work itself out. Get your money out of the stock market, buy gold, silver and food, and take what other precautions necessary to protect you and your family.
There is a high likelihood that the US stock market will crash by mid-fall. That's on top of the slide over the last 7 years. The US is in recession, and inflation is picking up. If Obama wins the election (likely right now), his first 100 days will be like FDR's. Higher taxes and more regulation supposed to alleviate our financial crisis will deal a devastating blow.
The McAlvaneys just put out a new 2-hour DVD with their current geo-political and economic analysis, "When Greed Turns to Fear: How to Protect Your Portfolios from the Day of Panic." Ask for a free copy and the latest printed newsletter. Call Rob at 800-525-9556, Ext 101.
Meanwhile Gary North writes about his pick for the worst-case economic scenario over the next 6-12 months. He analyses the ramifications of an attack by Israel and/or the US on Iran, both in terms of $10+ a gallon gasoline and the resulting permanent war with Shia insurgents in Iraq. He suggests you plan accordingly.
Jacob Hornberger points out that "Americans Had It Coming." Higher prices for gasoline, food and most other things are the price of empire and imperial adventurism. Our ill-fated invasions of Iraq and Afghanistan have become "black holes of federal expenditures," instead of the self-funding cakewalks the NeoCons promised. Rather than raise taxes to pay for the $535 Billion cost of these wars, the government borrowed the money from the Chinese. "Well, what did Americans think — that empires come cheap?"
[Do you remember Secretary of Defense Donald Rumsfeld breaking the news on Sept. 10, 2001 that the Pentagon could not account for $2.3 TRILLION in funds? They disappeared just like countless billions in Iraq that can't be found. An event the next day swept this news out of the public's mind. Whatever hit the Pentagon just happened to wipe out the accounting section that had all the records. What a coincidence! For some reason, not another word was said about the missing TRILLIONS.]
If you didn't read last week's post "Treacherous Economic Signposts," now is a good time to do it. You might even want to review it if you did. There are so many daily distractions that it is hard to keep focused on dark storm moving in on the horizon.
I keep mentioning these financial problems because now is NOT the time for complacency. Things really are different this time. This is not going to "somehow" work itself out. Get your money out of the stock market, buy gold, silver and food, and take what other precautions necessary to protect you and your family.
Tuesday, July 1, 2008
Depression Watch
I’ve been watching the economy’s ups and downs since the early 70’s. Many think a financial “perfect storm” is coming soon. Ominous economic signs abound, while optimism is hard to find. There’s too much to post all at once. I’ll just share some as we go. The prudent thing to do is to get your house in order, and don’t get trapped by the falling dollar.
Government economists stepped up their lying about the real rate of inflation during the Clinton years. This was to keep from paying those on inflation-indexed payments like Social Security from getting so much money. So the government introduced the concept of “core inflation,” that excluded such minor items as food, energy and housing from their measure of general prices. And the stenographers from the Lame Stream Media dutifully report their figures with straight faces month after month.
Too few Americans still understand what Richard Russell calls The Federal Reserve Racket. One of the reasons Ron Paul was either ignored or ridiculed during his campaign was his call for abolishing the Federal Reserve and returning to the stability of Constitutional money. The simple fact is that when the Fed creates money out of thin air, the value of all currency is debased. That’s inflation. If the government’s central bank does it, it is legal. If you or I do it, it is counterfeiting. But the result is the same.
Since most people hate paying taxes, the Cheney-Bush administration has paid for its wars of choice in the Middle East the same way the Vietnam War was financed – with borrowed money, which produces inflation. Devaluing a currency is just another form of tax that hits people on fixed and low incomes the most.
What we currently see in America is “stagflation.” The economy is stagnating into recession, while inflation is rapidly increasing. Continued inflation, with government bungling like price controls, higher tariffs, rationing and what other futile measures the political class takes while ignoring the causes of the problem, will only make things worse. The result will be a Depression as bad as the 1930, with the destruction of the middle class. One analyst says inflation is unleashing a global financial tsunami. I wish I could prove him wrong.
“The Dow-Crash, The Dollar, Gold, and WAR!” says it all in the title. You don’t have to be a financial guru or technical analysis expert to understand the simple charts. The Dow crashed through its eight-year support level. Gold has broken out to the upside from its consolidation decline since its all-time high in March. Iran may have sealed its fate by going off the petrodollar standard (just like Iraq did prior to that war). The author has some interesting things to say about the Euro moving into worldwide preeminence, as the globalist insiders want the United States (and its citizens’ bothersome concerns about individual liberty) to move into second-class status.
Gold is still the currency of peace. Better get some at today’s bargain prices. Protect your financial future. The dollar has a long-way yet to fall. If you want to put gold or silver coins into your IRA check out the Self-Directed IRA services for precious metals at Sterling Trust. It’s easy to do.
As inflation shows up in higher prices for energy, food and raw materials, and demand drops for other items because of less discretionary income, the US economy sinks along with the US dollar and stock market.
Not only are the big automakers shutting down production lines and plants. So are many of America’s top retail chain stores. Can the impact on be any less on all the independent mom and pop stores? Here’s the list:
(01) 84 Lumber is closing 12 stores
(02) Ann Taylor is closing 117 stores.
(03) Big Dollar is closing 10 stores after having been around for 21 years - so even dollar stores are closing.
(04) Bombay Company is closing all 384 U.S. stores.
(05) Cache, the women's retailer, is closing 20 to 23 stores.
(06) CompUSA is closing 128 stores.
(07) Dell is closing 140 stores.
(08) Dillard's is closing under-performing stores
(09) Disney Stores is possibly closing 98 stores.
(10) Eddie Bauer has closed 27 shops and is going to close more.
(11) Ethan Allen Interiors closing 12 stores.
(12) Foot Locker is closing 140 stores
(13) Friedman's Jewelers is closing 120 stores according to one report and 473 stores according to another as it goes through bankruptcy proceedings.
(14) Gap Inc. is closing 85 stores including Old Navy and Banana Republic stores.
(15) Home Depot is closing 15 stores.
(16) Jasmine Sola is closing 23 stores
(17) J. C. Penney is scaling back
(18) KB Toys is closing 356 stores as part of its bankruptcy
(19) Kirkland's is closing 30 to 130 stores
(20) Lane Bryant, Fashion Bug, and Catherine’s, members of a consortium, are closing 150 stores.
(21) Levitz Furniture is closing all 76 stores and going out of business
(22) Lillian Vernon the Internet Marketer is closing down and filing for bankruptcy - so don't think that area is impervious.
(23) Linens 'n Things is closing 120 stores
(24) Lonestar Steakhouse is closing 27 stores
(25) Lowe's is scaling back.
(26) Macy's is closing 9 stores. They say they plan to open other stores - but a lot of those closing try to put on an optimistic face for stock and other reasons.
(27) Movie Gallery is closing 160 stores
(28) Office Depot is scaling back
(29) Pacific Sunwear is closing 154 stores
(30) Pep Boys is closing 33 stores
(31) Pier 1 Imports has closed 79 stores and is closing another 25
(32) Piercing Pagoda is closing 82 stores
(33) Rite Aid is closing 28 stores
(34) Saks is closing 1 store
(35) Sofa Express is closing 44 stores
(36) Sharper Image is filing for bankruptcy and is closing 90 stores.
(37) Sprint Nextel Corp. is closing 125 stores. This will mean 4000 more job losses on top of the 5,000 last year.
(38) Talbot's & Sigrid Olsen is closing all 78 of its kids and men's stores plus another 22 of its female stores.
(39) Urban Interiors is closing 2 stores.
(40) Wicke’s Furniture is closing all 38 stores. They have been around for 37 years. Called the canary in the cave for this recession. They are in bankruptcy.
(41) Wilson’s the Leather Experts is closing 160 stores
(42) Zale’s is closing 105 stores
Government economists stepped up their lying about the real rate of inflation during the Clinton years. This was to keep from paying those on inflation-indexed payments like Social Security from getting so much money. So the government introduced the concept of “core inflation,” that excluded such minor items as food, energy and housing from their measure of general prices. And the stenographers from the Lame Stream Media dutifully report their figures with straight faces month after month.
Too few Americans still understand what Richard Russell calls The Federal Reserve Racket. One of the reasons Ron Paul was either ignored or ridiculed during his campaign was his call for abolishing the Federal Reserve and returning to the stability of Constitutional money. The simple fact is that when the Fed creates money out of thin air, the value of all currency is debased. That’s inflation. If the government’s central bank does it, it is legal. If you or I do it, it is counterfeiting. But the result is the same.
Since most people hate paying taxes, the Cheney-Bush administration has paid for its wars of choice in the Middle East the same way the Vietnam War was financed – with borrowed money, which produces inflation. Devaluing a currency is just another form of tax that hits people on fixed and low incomes the most.
What we currently see in America is “stagflation.” The economy is stagnating into recession, while inflation is rapidly increasing. Continued inflation, with government bungling like price controls, higher tariffs, rationing and what other futile measures the political class takes while ignoring the causes of the problem, will only make things worse. The result will be a Depression as bad as the 1930, with the destruction of the middle class. One analyst says inflation is unleashing a global financial tsunami. I wish I could prove him wrong.
“The Dow-Crash, The Dollar, Gold, and WAR!” says it all in the title. You don’t have to be a financial guru or technical analysis expert to understand the simple charts. The Dow crashed through its eight-year support level. Gold has broken out to the upside from its consolidation decline since its all-time high in March. Iran may have sealed its fate by going off the petrodollar standard (just like Iraq did prior to that war). The author has some interesting things to say about the Euro moving into worldwide preeminence, as the globalist insiders want the United States (and its citizens’ bothersome concerns about individual liberty) to move into second-class status.
Gold is still the currency of peace. Better get some at today’s bargain prices. Protect your financial future. The dollar has a long-way yet to fall. If you want to put gold or silver coins into your IRA check out the Self-Directed IRA services for precious metals at Sterling Trust. It’s easy to do.
As inflation shows up in higher prices for energy, food and raw materials, and demand drops for other items because of less discretionary income, the US economy sinks along with the US dollar and stock market.
Not only are the big automakers shutting down production lines and plants. So are many of America’s top retail chain stores. Can the impact on be any less on all the independent mom and pop stores? Here’s the list:
(01) 84 Lumber is closing 12 stores
(02) Ann Taylor is closing 117 stores.
(03) Big Dollar is closing 10 stores after having been around for 21 years - so even dollar stores are closing.
(04) Bombay Company is closing all 384 U.S. stores.
(05) Cache, the women's retailer, is closing 20 to 23 stores.
(06) CompUSA is closing 128 stores.
(07) Dell is closing 140 stores.
(08) Dillard's is closing under-performing stores
(09) Disney Stores is possibly closing 98 stores.
(10) Eddie Bauer has closed 27 shops and is going to close more.
(11) Ethan Allen Interiors closing 12 stores.
(12) Foot Locker is closing 140 stores
(13) Friedman's Jewelers is closing 120 stores according to one report and 473 stores according to another as it goes through bankruptcy proceedings.
(14) Gap Inc. is closing 85 stores including Old Navy and Banana Republic stores.
(15) Home Depot is closing 15 stores.
(16) Jasmine Sola is closing 23 stores
(17) J. C. Penney is scaling back
(18) KB Toys is closing 356 stores as part of its bankruptcy
(19) Kirkland's is closing 30 to 130 stores
(20) Lane Bryant, Fashion Bug, and Catherine’s, members of a consortium, are closing 150 stores.
(21) Levitz Furniture is closing all 76 stores and going out of business
(22) Lillian Vernon the Internet Marketer is closing down and filing for bankruptcy - so don't think that area is impervious.
(23) Linens 'n Things is closing 120 stores
(24) Lonestar Steakhouse is closing 27 stores
(25) Lowe's is scaling back.
(26) Macy's is closing 9 stores. They say they plan to open other stores - but a lot of those closing try to put on an optimistic face for stock and other reasons.
(27) Movie Gallery is closing 160 stores
(28) Office Depot is scaling back
(29) Pacific Sunwear is closing 154 stores
(30) Pep Boys is closing 33 stores
(31) Pier 1 Imports has closed 79 stores and is closing another 25
(32) Piercing Pagoda is closing 82 stores
(33) Rite Aid is closing 28 stores
(34) Saks is closing 1 store
(35) Sofa Express is closing 44 stores
(36) Sharper Image is filing for bankruptcy and is closing 90 stores.
(37) Sprint Nextel Corp. is closing 125 stores. This will mean 4000 more job losses on top of the 5,000 last year.
(38) Talbot's & Sigrid Olsen is closing all 78 of its kids and men's stores plus another 22 of its female stores.
(39) Urban Interiors is closing 2 stores.
(40) Wicke’s Furniture is closing all 38 stores. They have been around for 37 years. Called the canary in the cave for this recession. They are in bankruptcy.
(41) Wilson’s the Leather Experts is closing 160 stores
(42) Zale’s is closing 105 stores
Subscribe to:
Posts (Atom)
Posts
