The Financial Tsnuami Second Wave is on the Way

When I first started my blog in 2008, I was writing about the approaching "financial tsunami." The TARP $800 Billion bailout soon followed. The first earthquakes of the derivatives crisis had gone off and forced passage of a bill that several Congressmen and Senators said included threats of imminent martial law of it wasn't. Since then the economy has been reeling and trying to recover, but can't. After a summer marked by a public relations recovery, Second Wave of the tsunami is almost upon us. It has the potential to wipe out not only the US economy, but also those of many other nations.

A tsunami gives few warning signs before the surf is sucked out to sea by the massive incoming wave. Sensitive animals and wildlife already sense something is happening and head for high ground. But the people are caught largely by surprise when the massive wall of water comes rushing ashore washing away everything in its path. That is what is likely for the already staggering USEconomy.

The spectacular, unrelenting rise of gold, silver and other commodities are signs that those who understand the unfolding financial calamity are taking defensive measures to protect the purchasing power of their wealth. Gold and silver have been the unanimous choice through history as the most basic forms of money in any kind of advanced society. The metals market is not being driven by little retail investors, but by Big Money heading for the exits from the FiatMoney Casino.

Here are some of the warning signs that motivate BigMoney. Maybe they will motivate you.

• 12 Ominous Signs for World Financial Markets - doesn't look good, does it.
• 27 Signs That the Standard of Living for Middle Class America is Falling Like a Rock - too bad for us since the Middle Class has always been called the strength of the American economy and the proof that hard work, perseverance and savings pay off.
• US Preparing New Laws to Seize Americans' Retirement Accounts - greedy politicians know where the last cache of America's wealth is.
• Government Plots to Steal IRA's and 401-K's -- to be replaced with a government-guaranteed "annuity" (Like Social Security that now will go 2 years without a Cost of Living Adjustment. That's how much the politicians care about retirees.)
• Food Stamp Nation -- 42 Million Americans on Food Stamps!
• Amerika's Dependent Class of Midnight Shoppers (using food stamps)
• Mortgage Fraud and the Collapsing Fascist Business Model - this is an absolutely stunning analysis of the mortgage fraud, the criminal syndicate running the USGovt and the gold and silver rise.
• Cash-Strapped States Resurrecting "Debtors' Prisons" -- will it help get bills paid to throw debtors in prison and send the taxpayers the bill?
• Bernanke says US on the Brink of Financial Disaster - isn't he supposed to be encouraging us?
• Financial Hurricane to Collapse the System (alternate metaphor!)
• Coldest Winter in 1,000 Years on the Way -- what'll that do to food prices and availability?
• Super Rich Investors Buying Gold by the Ton - aw, whadda they know, anyway?
• Federal Reserve Selling "Paper" Gold and Buying Physical Gold - them, too?
• Food Prices Start Rising Worldwide (because of inflation and weather)
• We Killed the Golden Goose; Americans Receiving Unemployment Benefits Rises 60% in 1 Year - hmm, what happens after that?
• The Trillion Dollar Commercial Real Estate Bailout You Didn't Hear About - a trillion here, a trillion there; pretty soon you're talking about a lot of money!
• The Crisis of Middle Class America - doesn't look good for us.
• US Dollar Ripe for Catastrophic Devaluation -- so if the USDollar drops in value by 50%, what does that do to our retirement plans, the cost of foreign goods, food, etc.?
• Foreclosure Fraud: It's Worse Than You Think -- even CNBC can't help but report on it.
• We're At Risk for Financial Collapse -- UK Justice Secretary's Warning for Western economies.
• Foreclosure Nightmare: No Legal Foundation for MERS -- the implications are staggering.
• Obama Set to Flee America As Dollar Faces 50% Devaluation - even the enigmatic Sorcha Faal is on this one!
• The executive summary of the above is that the USEconomy is collapsing, and the USDollar will be drastically devalued in any number of ways. All dollar-denominated investments and savings will suffer loss of purchasing power. Moreover, the breakdown will couple with bad weather, food shortages, and a breakdown of the distribution system. This can all happen more quickly than anyone can imagine. Civil unrest, martial law, and increasing wars can easily characterize this period.

If you're still finding this hard to grasp, or hesitating to take preventive action, I suggest you actually read the stories above. If you're waiting for confirmation from the MindControlMedia, whether from Fox or MSNBC, then don't hold your breath. The MCM is controlled by the very same Banksters that control all the world's economies and are at the root of every serious man-made injustice and problem. The world system the Banksters control is Mammon, and one two-horned entity is at their spiritual controls.

Les Visible, the "Dog Poet," has some of the most eloquent, simple presentations of the truth regarding the Banksters at the Root of Humankind's problems here and here. I urge you in the strongest of intention to open your mind, remove your mental filters, and read both of these very, very carefully. It is imperative that we all realize that at a basic level, the battle at the human level is between Banksters and their minions in the political, intelligence and corporate sphere against humanity. And the tough truth is, they don't care a whit about you, your family or your nation. You are disposable to their control agenda.

It is also true that the true Evil Bankster Cabal is very small, and there are many of us. They need to keep us ignorant of their existence, of their agenda, and in knee-jerk denial of anything that smacks of a "conspiracy theory." They depend on deceit ultimately to stay in power. But more and more people are waking up to their existence, and that has them panicked. The internet and all its spin off communications and research capabilities are exposing them and their methods. Even if they take us to war, which has always been their ultimate distraction and destruction mechanism, their days are numbered. The cat's already out of the bag, and millions of people worldwide are figuring it out.

Right now, though, you need to prepare you and your loved ones for the immanent crisis. I've written many times previously about this. At a minimum, it will involve major financial and economic disruption. Whether the Banksters throw in a good dose of plague, famine and war remains to be seen.

The truth is that you are just going to have to step outside the mainstream consensus that paralyzes so many into inaction and act on what you know to be true. You're going to have to have the courage to rely on yourself and those you trust because you know they know. They're the ones paying attention and not waiting for the cues for what's cool and what's not from the high school-like consensus leaders of the herd. The illusion of safety provided by the herd will not help you here. Sorry, but that's the truth. If you need inspiration for standing alone and deciding to do what's right, then you'll like this: High Noon in America. And this: The New American - A Rebirth of the Old Guard.

At a minimum prepare for 30 days of disruption. If we're lucky, that's all we'll have. That means food, clean water, personal supplies, medicines, self protection, your savings in gold and silver coins in your possession,  and God's help. I have much more to say, but this is already too long.

Grace and peace and courage to you.

Critical Updates as We Move into October

Traditionally October is one of the most chaotic months in US history. This month promises more of the same. Most everything covered here is an update of continuing trends that serve as the theme for this blog. Please check my resources at the right side of the blog, including our new Amazon store to make it easy for you to get needed resources.

Martial Law Update
I had a chance to preview the new video, "Camp FEMA" this week. There is no doubt that under the highly classified Continuity of Government program triggered on 9-11, concentration camps have been prepared all over the US. These are NOT for foreign terrorists or illegal immigrants. These are for the American people. We've written about these before. I hope to write a review next week, but you need to order this video immediately. In the meantime, Brother Nathaniel writes on the FEMA camps and coming gun confiscation laws.

Most everything that follows are factors that can play into chaotic conditions to trigger martial law.

Swine Flu Update
Sixty Minutes expose on the death and destruction caused by the Swine Flu scare of 1976 is relevant today. Here is some good info on using homeopathy to fight the flu. Remember the vaccine is untested. This doctor had the courage to admit on TV that his family will not be taking the vaccine. He considers it more dangerous than the flu. Just remember that the vaccine will contain some or all of the following adjuvents: squalene (a cause of Gulf War syndrome), thimerosol (mercury) and formaldehyde. Dr. Russell Blaylock has advice on what to do if you are forced to take the vaccine.

Trends forecaster, Gerald Celente, thinks resistance to the Swine Flu shot may be the reason for the next big Tea Parties. With the military, big corporations, schools, health care groups and others making shots mandatory, a showdown is looming. Nurses groups, doctors, and parents are protesting. Couple that with the coming financial crisis and start of World War III with an attack on Iran, and this fall promises to be exciting.

Speaking of frauds by Big Pharma, apparently HIV is actually a bogus disease created by collusion within the CDC, Big Pharma and other fellow travelers who gain to profit. This article reviewing a new documentary, "House of Numbers," summarizes the main points. I haven't seen it, but want to. It's conclusions are not surprising given what I've learned about Big Pharma and Big Medical over the last 15 years.

New World Order Update
What the heck is going on in Hardin, Montana? Steve Quayle has reported there are at least 400,000 foreign mercenaries based in the USA. If so, the New World Order plan continues to unfold. For supporting info, see Devvy Kidd's The Destroyers Who Control the White House, Congress and the Media.

This short video lays out some of the basics of the New World Order. These folks are real, and they're determined. It appears they're pushing their end game now. Check out our new Amazon book store for some great books to arm yourself. In this video clip, we see Robert Welch laying out the process by which the NWO folks would take over and destroy America. According to this check list, they're almost ready to hang their own "Mission Accomplished" banner. Note also where a Rockefeller minion boasted in 1969 that the US would be de-industrialized. Folks, if you don't think this has been planned, you have terminal naivete.

Obama, of course, is another in the long line of Presidents directly part of, or under the control of, the New World Order. While he neutralizes the Left as Bush did for the Right, he prepares the way for his next Republican NWO successor. Saw my first Newt 2012 bumper sticker today. Huckabee ("The Huckster") managed to publish a book before the elections last fall and get his own show on Rupert Murdock's FAUX News. I'm sure it is because he is so talented. If it bothers you to read this, you're probably still stuck in the left-right paradigm, and probably a loyal Democrat or Republican.

As long as Americans buy into the false left-right paradigm, they will be putty in the hands of the political manipulators. Glenn Greenwald points out how this confusion affects Judas-goat Glenn Beck and others. If you're still trapped in this mindset, you had better start working to get free. A good start is to listen daily to Alex Jones over at Infowars.com.

Obamanation
Pray to Obama? Maybe he is the anti-christ. One writer just asks Obama to show us which passport he used to travel to Pakistan in 1981. That should clarify his citizenship. Please watch this excellent video on how iconography was used to help elect Obama. Pretty powerful stuff. Most people are unaware of many of the mind control and influence techniques used on them daily.

Here's more on John Holdren, the eugenicist serving as Obama's Population Contol Czar.

Financial Tsunami
Jim Willie writes cogently about the looming "Systemic Failure" of the financial system. The web bot folks at HalfPastHuman think it likely could begin October 25. (I highly recommend you buy their $10 report.) If you plan on protecting any of your wealth by converting digits and dollar-denominated asset into precious metals, the time is now! Porter Stansberry has some good advice on how to protect yourself.

Here's a good video on what we might expect with runaway inflation.

False Flags, anyone?
The FBI and others have been busy flooding the airwaves with preemptive strikes on domestic terrorists before they can attack. Are they setting us up for the Big One, a domestic false flag to blame on Iran? Or to start their coming war on American patriots, designated potential terrorists by DHS?

Chuck Baldwin notes that the US is nearing the historical limit for empires at 219 years. Will the US fall apart in 2010? Another author says "Doomsday is Coming to America." Greg Evansen says The Death of Liberty: The Final Scene Unfolds. If you still have doubts about the gravity of our situation, read Deceit, Delusion and the Destruction of America.

Grace and Peace and Courage to You!

Financial Tsunami continues

At the risk of appearing to be a perma-bear, many others more astute than I (you think I make this stuff up?), think world stability hangs by a flimsy financial thread. Ambrose Evans-Pritchard. As he surveys the global economy, he remarks: "We are about to find out whether China has made the wrong bet with a development strategy of vast investment in manufacturing plant for mass export at thin margins to the US and Europe." Spreading economic recession in China, massive civil unrest, and all those military age young males without wives thanks to the one-baby policy make a wicked brew.

California is often called a "bell weather" state. Trends start there. So what does it foretell about our future when the state of California goes broke?

These 10 energy myths are interesting.

Pakistani press is doing its best to expose the attempt to blame the Mumbai attacks on the Pakistanis. Sounds like the 9-11 fable about Bin Laden to me. Will the War Party use Mumbai as an additional provocation to shift their war even beyond the projected surge in Afghanistan into Pakistan and India? Will the sheeple swallow another Big Lie and send their children and what's left of their retirement funds off to war? As the US moves toward national bankruptcy, we can scarcely afford the charade of being the "worlds' only superpower."

Mossad-linked Debka File reports "US masses naval-air-marine might in Arabian Sea opposite India, Pakistan, Iran." When will we ever learn?

ObamaWatch: "Obama’s Cabinet: Full of Bill Clinton’s Rotten Fruit." How long will the Obots stay in denial? Others predict that Obama will add to the horrendous legacies of Bush I - Clinton - Bush II specific policies rammed through by a Democrat supermajority or Executive Orders, that will ruin America. Judge for yourself which actions in this list will get this result.

From the LEAP/E2020 group is this summary of things US citizens can do to prepare for the coming US default:

"For all those who are interested, I put in attachment the last issue of the GEAB newsletter (26 pages). Below an excerpt for those who are in the US:

Special US citizens: Getting ready for the US default
The LEAP/E2020 team wishes here to give some specific advice to the US readers of the GEAB as indeed they will find themselves in a very special situation, being at the centre of a collapsing system 41. All in all, the outcome of the crisis – already extensively described by LEAP/E2020 in the past 2 years and now beginning to be clearly visible - can be summed up to 5 processes: 50 percent downgrading of middle-class living standards by 2011, collapse of a significant part of public services (local and federal), nationalization of capital-based pensions (a topic we shall address in the next issue of the GEAB), massive real unemployment (likely to culminate to 20 percent of the active population by the beginning of 2010), and a substantial devaluation of the Dollar (as the result of a determined political decision or because of a staggering plunge of the US currency value). On how to survive economically and financially in such a situation, LEAP/E2020 would like to present the following 7 key-recommendations:

I. Important: Avoid staying liquid in Dollar

II. Liquidate your USD-denominated assets (US T-Bonds included) and invest in assets out of the US and dollar-related zone, in particular assets and currencies secured by solvent states

III. Invest one third in precious metals (gold, silver, platinum,...) and other easy-to-change assets… do not under-estimate the risk of state-confiscation, as it occurred in the 1930s (see previous GEABs)

IV. If you can, open a bank account outside the US (even better, outside the dollar zone)
V. If you decide to keep a stock-portfolio, chose to invest in Asian or European (Eurozone) assets
VI. Reduce spending and investments as much as you can. Get rid (or reduce to the minimum) your debt.

VII. Prepare for the interruption of many services. Due to a near complete dependence (with no equivalent on the planet) of the US social and economic fabric on large retail chains (food, pharmacy, restaurants…) and contingent on the speeding up of large US company bankruptcies, follow closely the course of the economic recession: a bankruptcy (including of entire malls 42) can all of a sudden interrupt part of your community's/region's supply

43. Some regions are already experiencing cuts in direct air connections, delivery of express mail, basic public services (school 44, transport 45, police46,...) or beginning to have problems paying their public employees' pensions47 or unemployment insurances

48. In October 2008, individual bankruptcies rose 40 percent compared to the previous year

49. The States are calling upon Washington for an emergency plan to avoid devastating cutbacks in public services

50. The crisis storming the country is comparable to Katrina hitting full shot New Orleans. Ill-adapted and ill-maintained dikes are caving in one after the other.

41 Among the news illustrating the extent of the crisis hitting the US, there is this information from CNN Money dated 10/24/2008 suggesting that a growing number of students are fleeing their country to escape the impossible refund of their debt.
42Source: CNNMoney, 10/16/200843 In Chicago for instance, the Mayor Richard M. Daley declared that the city has to prepare for mass layoffs, public and private, with no equivalent since the Great Depression. Source: Cbs2Chicago, 11/13/2008"

This is no time to stick your head in the sand.

Many of the people I deal with on a personal level are in denial that the economy if falling off a cliff. I hear many people who say "I disagree with you," but give absolutely no backing for their belief. The truth is, they just don't want to believe that we're headed into the abyss. I don't blame them. It isn't pleasant to think about.

Contrary to what they think, I get no pleasure at all in making my forecasts or in being a "doom and gloomer." I'm just passing on what I see in hopes that they might make preparations. We will fair far better as a society the better prepared we are. Those who are prepared can help those who aren't, and can keep their heads better in time of crisis. The more people we can keep out of food lines, the better.

It still looks like a hyperinflationary depression to me. Stephen Lindeman gives a long, long list of reasons why we're headed toward "an unstoppable economic breakdown." If you read it, you'll see why unprecedented tough times are ahead.

Please take a daily look at Jim Sinclair's website. Today he showed why hyperinflation is on the way. Saturday he gave practical steps to avoid personal financial destruction. He first published "This is it" last spring. He could see what was happening. Do nothing and watch your investments dwindle.

Many people are confused about the disconnect between the price of "paper" gold based on futures contracts and the price of physical gold, which is extremely hard to get, especially in coin form. The resulting confusion has caused paralysis and procrastination and kept some people from protecting their assets with gold. This article helps explain the reason and gives links to help monitor the actual price gold is selling for on eBay. If you plan to buy, do it now. You will NOT be able to time the market. By the time you think the market has turned, the price will be exploding up.

New World Order as Global Financial Matrix Self Destructs is an extremely interesting read. Follow it with Catherine Austin Fitts' analysis of the G-20 meeting a few weeks ago. "The net result will be to continue to exercise growing control over the real economy by a handful of private families and institutions designed to protect and grow intergenerational wealth. G-20 are silent on the military and covert action that will be required to make this stick. They are also silent on how they are going to manage this much inflation."

Ron Paul warns of a "great shift to global government" under Obama. (Paul still has the best grasp of the economic policies needed to keep a free and prosperous country. George Bush laid the groundwork. Many, like British PM Gordon Brown, are now openly calling for and discussing the "New World Order."

The oil price collapse in creating great geopolitical stability. Pay attention. Enjoy the low gas prices while they last.

A big part of the enormous problem we have with grappling with our problems is, frankly, the ignorance of many people. I don't say this in any kind of condescending or holier than thou way. I just find that few people are able to carry on an intelligent discussion about political or economic principles, whether from a conservative or liberal viewpoint. The previously discussed hypnosis techniques used by Barack Obama underline this situation. Far too many people are swayed by the images and emotions engendered by sophisticated propaganda. Bush, of course, used them effectively, too. Contrary to this article, I'd say that even many "educated" people fall into this category. Make a vow not to be one of them.

Since I'm going to be away from home for the holidays, I may be posting without sending out emails. Rather than do longer articles on single topics, I may just start picking out some of the sign posts I see daily. If I do that, I'll be able to stay on top of things more currently. So check back every so often. I hope you find my efforts helpful.

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.

Another Day in the Unfolding Crisis

Tuesday, October 7 was designated as a significant day by the forecasters at HalfPastHuman. I've recently become aware of their work through George Ure's UrbanSurvival website, and his subscriber newsletter, Peoplenomics. For over a year they have designated this date as the beginning of a "release" as significant as the events of 9/11, but with about a 6-month duration instead of 10-days. So while I was making coffee I turned on the TV.

The first thing I saw was an excited talking head announcing that for the first time (ever?), the Federal Reserve would start lending money directly to corporations! Wow!! Pretty good start for a day that marks a turning point. The Fed also plans on helping small businesses.

Ure says what we may be seeing is a 6-month "crashcade" financial events that could easily be punctuated by political and military surprises. So let's see what else happened or was noticed today that might be noteworthy.

• The Pope says the world financial system is built on sand. We know what happens to houses sitting on this foundation.


• The Department of Health and Human Services entered into the Federal Register emergency powers to be enacted in an "anthrax emergency." The Secretary says these powers are necessary at this time because he has "determined there is a credible risk that the threat of exposure of B. anthracis and the resulting disease constitutes a public health emergency." Hmm. Thankfully, if you need antibiotics, the US Postal Service will deliver them to your home!


• Mainly of note in Oklahoma, Judge David Russell again supports the Demopublican monopoly by denying injunctive relief from the state's draconian ballot laws to allow Libertarian Bob Barr ballot access. Russell has consistently made decisions in favor of restrictive ballot laws. Why confuse Okie's with bothersome choices?


• The Dow Jones dropped over 5%, making the 29% drop in 2008 the worst plunge in 71 years. This is apparently a trend that can't be stopped by bailouts or other stopgap measures. One Elliot Wave theorist says that investors have reached a "recognition point" of a downtrend that hasn't reached anywhere near its bottom.


• Retirement funds have reportedly lost $2 Trillion in the last 18 months, about 20% of their value. (18 months ago gold was just under $700 an ounce. Did you think it was "too expensive" then?)


• October is the traditional month of financial crashes, and we haven't seen anything approaching panic yet. Hope you're not still holding on. Mad man Jim Cramer publicly advised investors to sell their stocks! Watch out for those MainStreamMedia alarmists.


• AIG executives spent almost $500,000 on a retreat at an exclusive resort a week after their bailout by the taxpayers. I'm sure they needed a rest after all they've suffered.


• Banks are failing/being bailed out all over Europe putting the European Monetary Union in jeopardy. Iceland and Pakistan face bankruptcy.


• The LIBOR spread tells us the worst is yet to come.


• Britain's largest banks will be partly nationalized October 8.


• Britain and many other European countries had their worst stock market drops in history.


• Even Brazil and Russia are getting caught in the tsunami.
• Jim Sinclair continues to urge everyone to protect their investments in metals and commodities by taking physical possession of their stock certificates or putting them into the name of the transmaking sure they're in a real custodial account, and not street name at the brokerage.
• The US Mint has stopped production of some gold American Eagles, while the rest are on strict allocation. There's a "shortage" in gold blanks, you see. You understand, don't you? The price of paper (derivative) "gold" has separated significantly from the price of physical (real) gold. The banksters can, and do, easily manipulate the price of paper "gold." [If you don't have any gold or silver yet, you'd better get some as a longer term store of value, along with several months' supply of cash, food, batteries, prescription drugs, seeds, etc. that you might need in a time of turbulence. There's a good reason Bush has brought an entire brigade back from Iraq for stateside domestic patrols. We might even see the introduction of the Amero and the North American Union as the doomed dollar continues to plummet and lose its reserve status.]

As we get a little more distance on last Friday's bailout vote, more evidence accumulates that not only will it not help, but that it may be the biggest heist ever pulled in broad daylight. Millionaires and billionaires are getting their fortunes saved, while the taxpayers are getting the shaft. Did you realize that the large banks, investment banks and brokerages are huge contributors to McCain and Obama? You can be sure that they have also paid well for their access to the Senators and Congressmen who sold us out last week.

One observer said America is like an elephant that's been shot between the eyes. The hunters have made off with the tusks, and the rest of the jungle is fighting over the remains. A sampling of the analysis: BAILOUT: America's Financial Ruin, All Fall Down, Pigs at the Trough and Republicide. Please vote against ANY Congress Critter or Senator who voted for the bailout in November.

What's ahead? Thursday is "D-Day," as Lehman Brothers Credit Default Swaps are auctioned off. Might be the straw that breaks the camel's back. Then, again, it might not. I keep seeing phrases being used about various aspects of our financial crisis like "looking into the abyss," "approaching the brink," "crash," "collapse," "bank failures," and the like. Using another metaphor, how many bullets can we dodge?

The Crisis Continues

It is apparent that the PTB will be using the fear and confusion resulting from continuing crises to seize more and more power. The orchestration of fear ("shock and awe") following last Monday's vote down of the first bailout plan is a prime example. The articles on Mindwars in the October 5 post explain this method clearly.

Banking expert Joan Veon maintains that the power seizure in response to the credit crisis is the last remaining piece to put in place before the United States yields its sovereignty to "a global regulatory system to merge our banking, insurance, and stock market and commodity industries to that of the other countries of the world." It is a major theft and fleecing of America. Soon the Fed may own substantial portions of states and corporations.

Both Obama and McCain are solidly in the pockets of their puppet masters. Republicans should be used to blindly sacrificing their principles to support their President or candidate. Those Democrats, who are in a religious fervor believing Obama will be different, will have their wake up call soon enough. A little research will show that he is just another empty-suited political whore, every bit as much as McCain. Sorry to dash your hopes. (Predictably, most Obama True Believers either won't do the research or discount anything they find -- just like the so-called "principled conservatives" did with Bush.)

Since Obama is probably going to win the election -- barring an "October Surprise" (likely) or more GOP vote fraud (likely) -- here are some "interesting" Obama videos: The Original Kids for Obama, An Interpretation, Another Interpretation, Another, Another, and finally, this. Sorry if you think this is unfair. And don't miss this one. Open your eyes, please.

In light of the above, remember that Obama is continually reminding his audiences that he's going to be calling on all of us to sacrifice for the greater good. Berit Kjos calls it "Training a Socialist Army of World Servers." Read it for a blueprint of what the US will look like with Obama acting as our Great Leader and Savior. Check out footnotes, too.

I've written before about Obama's call for a Stasi-like "national civilian police force that's just as powerful, just as strong, just as well-funded" as the military! He also wants to double the size of the Peace Corps and quadruple the size of AmeriCorps. A few days ago he was offering to trade a college education for public service. In Great Depression II, many people will buy into these programs just to get a job and health benefits (like the TSA?)

Might be a good time to order and read The Rise of the Fourth Reich.

Here's a long list of current warnings of the incoming police state. Check it out if you think I'm being unnecessarily alarmist. A coup has taken place. Our democratic republican form of government is doomed.

Paul Craig Roberts' excellent article points out that the good news about this financial crisis is that it will bring an end to the American empire and necocon supremacy. The bad news is that the coming collapse of the dollar will remove it as the world's reserve currency, leaving us with much lower living standards.
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How interesting it is to see Ron Paul interviewed on all the cable news networks to get his views on the economy. Now that he has been ignored to the point that he couldn't get a real shot at the Presidency, they're fascinated by his views on the financial meltdown. Among other things, Paul calls this a massive tax increase.
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The US market was down at one time today almost 800 points. Euro stocks in the biggest fall since 1987 and are "falling into the abyss." Tomorrow ought to be the big slam.

MUST READ!! We Ain't Seen Nuthin' Yet!

Just before I was to post what follows below, I got this interview done Oct. 4. Listen. It fits with everything I'm picking up. Do what you can Sunday and Monday to prepare. It's hitting the fan, folks! God help us!
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Billionaire Treasury Secretary Henry Paulsen got his Fat Cat Bailout for his Wall Street bankster friends. The cost of bailouts so far is up to $1.8 Trillion! Rep. Brad Sherman reported that Congressmen were warned that the consequences of not passing the bill would be dire, including the imposition of martial law. I saw many commonsense, less draconian measures that could have helped. They were all ignored in favor of the pork-laden mess we got.

Paulsen has been given the powers of a financial dictator, making our government more overtly fascist than before. He will have the power to choose who lives financially and who dies. (Hint: Goldman Sachs, the former employer of Paulsen and Robert Reich, Treasury Secretary under Clinton, will live.) Moreover, the entitlement guillotine blade of unfunded liabilities in the range of $70-100 Trillion will start its deadly fall as more Baby Boomers reach retirement age. That event is the ultimate limit to the US economy as we know it, and to the legitimacy of the American government.

Nevertheless, the financial tsunami "perfect storm" is gaining intensity. One interesting analysis compares this crisis to a "pre-planned . . . financial 9-11." I expect the end to come before then.

One of the hidden provisions in the final bill is one giving the IRS expanded powers to run undercover operations to force compliance. This is just another tool of social control like the Patriot Acts, Military Commissions Act, REAL ID, etc. whose unstated purpose is to control Americans and suppress opposition to the government.

The financial bubble, which began with the founding of the Federal Reserve Bank 95 years ago, is bursting in spectacular fashion. The age of American supremacy is over. Most Americans just don't realize it yet. But the rest of the world does. Since the US Dollar is the world's reserve currency, and since all the bailouts (many more coming) will destroy the value of the dollar, there's lots of talk about designating a new world reserve currency.

My prediction that the dollar will be toast by 2013 (100th anniversary of the Fed) will probably prove to be conservative. The US seems destined to follow in the steps of the Weimar Republic. Sadly, the PTB will probably get us into another world war to cover their tracks and misdirect the blame for our woes.

I'm getting lots of emails from people who advocate voting against every Congress Critter who voted for the bailout. This video points out that many Senators received huge contributions from Goldman Sachs and commercial banks, including McBama Ocain. The only way we can hold our elected representatives accountable when they vote against the will of the people they're supposed to represent, is to vote them out. Regardless of party. I agree. Here's the roll call vote record. Spread the word.

Lately I've become intrigued with the Urban Survival web site. Not only am I checking the news section of their site daily, but I've subscribed to their newsletter at http://www.peoplenomics.com/. Here's a fascinating interview with their software developer, Cliff High. You can download an mp3 file, or read the transcript.

I find the idea of advanced linguistic analysis performed on data compiled a web bot to make forecasts from "the future leaking into the present" fascinating. Evidently, he's had some incredible predictive success. For more than a year his work has been forecasting a major event around October 7. This dovetails with lots of buzz about possible bank closings, terrorist attacks, etc. I hope he's wrong, but I'm acting as if he's not.

Monday, I repeat, Monday, it would be prudent to get a month's worth of cash, extra basic foodstuffs, batteries, water, fill your gas tank, etc. When I was a Boy Scout, our motto was "Be Prepared." Still good advice.

Grace and Peace and Courage be with you!

We Must Win the Battle of Financial Armageddon

Flash! The bailout is all about shipping the US taxpayers' money to foreign debt holders! Watch this 8-minute video.

And, get this, US Congressman says they have been threatened with martial law in the US if the bailout is not passed! The "shock doctrine," fear-mongering is the constant method used to stampede the people into supporting the loss of their freedom.

The Senate caved in the the Fat Cat Bailout Wednesday night. So, please call your Congressional Rep and ask them to vote "no" tomorrow. Our calls worked Monday, and they can work again. Here's where to get the information.

And here's why:

The battle of Armageddon is the prophesied future biblical event in which the forces of evil battle the forces of good to determine the future of humankind. So it is only a slight overstatement to call the battle to defeat the Fat Cat Bailout, or No Banker Left Behind Act (thanks DFR), the people's financial Armageddon.

This act, which has grown from a 3-page set of talking points to a 450-page Congressional $850 Billion wet dream. Who knows what hidden land mines, or "wooley buggers" we used to call them, are in this bill. Just like the Patriot Act that was sitting on the shelf waiting for the right opportunity to be trotted out, so must much of the Senate version. It still sets up the Secretary of the Treasury as our unaccountable financial dictator and ensures the enslavement of the American people to foreign investors and governments. European leaders are calling on Congress to rush through this law in an act of "statesmanship" to save their countries.

Perhaps it is a fitting end to the American Empire ("superpower" rings a little hollow, don't you think?) that our consumers who have ridden so high on the hog on borrowed money and hubris will end up in chains of financial bondage as future generations labor to pay off our debts.

This is a putsch, a power grab, pure and simple. Once Paulson has the power to control every aspect of our economy, our enslavement will be complete. Think about that. He will have control over all banking, mortgages, insurance and credit. Pretty close to control over the power to "buy and sell," isn't it? Give him the international biometric ID system the REAL ID Act will impose, and everything necessary for a literal "mark of the beast" system is in place.

Paulson's former (wink, wink) employer, Goldman Sachs, is one of the last "investment" banks standing on Wall Street. Surprise, surprise! Paulson's Fat Cat Bailout, even smeared with the lipstick of so-called "sweeteners" to bribe the naive taxpayers, is still a bad deal for Main Street. It is "Bankers' Socialism", a way to socialize the costs of failure onto the public, and privatize the profits to the bankers.

Paulson was one of the main architects of the securitization revolution that is now eating its young. Now it appears he's trying to preserve the obscene profits and companies of those who benefited most by the credit fiasco. His conflict of interests in the bailout is huge.

The pressure on Congressional Reps who voted "No" on the first bill must be immense. Yesterday, a group of 20 or so Oklahoma millionaires/billionaires issued a joint statement calling on the holdouts to "do the right thing." Since money is the "mother's milk of politics," and since these are the people who control the majority of the so-called contributions to political campaigns, it will take a truly principled politician of the caliber of Ron Paul to stand up against them. I'll be surprised if any Oklahoma reps are left standing. Only those with close races will be allowed to keep their "no" votes so they don't jeopardize their elections.

Many have alleged world domination and control by "international bankers" over the years.If we knew who the private owners of the Federal Reserve Bank are, I'm sure we'd see Goldman Sachs and their cronies right in the middle of it. Conspiracy or not, events are happening as if there is.

Paul O'Neil, Bush's first Treasury Secretary, calls Paulson's Fat Cat Bailout "crazy." He has some sound ideas for a solution, but can't even get his calls returned by Congressional leaders. O'Neill and many others have lots of sound ideas to help mitigate the crisis that will not create a financial dictator and pay off Paulson's friends. But those are NOT the ideas being proposed by Congress.

Bob Chapman warns the bailout won't work, and "the system will implode." He makes a good case that the 777 point drop in the Dow after the first bill was defeated Monday was the Plunge Protection Team's way of scaring the people into lowering their opposition.

Catherine Austin Fitts gives "Ten Reasons Not to Bail Out Wall Street."

Even George Soros is against the bailout. He says it is "ill-conceived."

And John McCain "always aspires . . . to be a dictator." Oh, it was a joke? He wasn't laughing. What do you think?

And did you know that while the magicians in Congress were distracting the people with this misdirection, they slipped through a mere $488 billion spending bill to continue funding the wars in Iraq and Afghanistan? Never mind the British have pulled out of Iraq and think Afghanistan is a lost cause.

If you are so inclined to look at prophecies that result from prayer, you might want to look at this one. I don't know him, but I wouldn't find any of these things surprising, if they happen soon. I'm not saying they will, but I wouldn't be surprised. I just started subscribing to the weekly newsletter (http://www.peoplenomics.com/) based on the web bot intelligence gathering software described in this prophecy. They're projecting a shock and awe event like 9/11 to happen around October 7. We'll see. In the meantime, I'm topping off my gas tanks, getting some cash, beans and rice, basic supplies, etc. Can't hurt to be prepared to ride out a disruption. Jim Sinclair just recommended the same.

The Government Will Not Save Us

Folks, the economic and geopolitical news is so fast and furious that I can hardly keep up. One thing is for sure: the government (and its cronies/owners) got us into this mess, and it sure won't be able to get us out. The chickens let loose by the creation of the privately-owned Federal Reserve Bank in 1913 are coming home to roost. It appears that we're rapidly moving into the fascist dictatorship many of us have feared.

The feds, under the guise of "homeland security," have created the necessary mechanisms for a domestic police state. The Army Times even reported that for the first time since the War Between the States that military troops will be on active patrol in America. Expect martial law to be quickly used to quell "domestic disturbances," i.e, riots, that will break out as the economy comes unglued.

If you've been thinking everything is going to work out "somehow" and haven't taken any steps to protect yourself, wake up now! It is time to put away some beans and rice, get some freeze-dried food (if you can find it), slash your expenses, get self-defense weapons if you don't have them (and practice), and start getting to know your neighbors. You're going to need them. We're going to need each other to get through this thing. I can't stress too much how dire our situation is.

You're going to need good information, too. I can't put out blog posts often enough to help you keep up. I list some excellent resources on this site. I highly recommend:

1. Alex Jones' Infowars.com. You can listen to his 4-hour weekly radio Monday-Friday 11am-3pm Central Time on the internet or get the podcast. He will help you understand the push to dictatorship and the New World Order.
2. Jeff Rense's excellent website features an eclectic range of news items and articles.
3. For intellectual ammunition, it is hard to beat the premier libertarian websites, LewRockwell.com and the Ludwig von Mises Institute. It is essential to understand the theoretical economic issues so that you're not swayed by emotional appeals to support bad policies.
4. Jim Sinclair's web site is a wealth on clear information on the economy and why you need to put a substantial portion of any liquid assets you have into gold and silver.
5. To keep up with what Ron Paul is doing and saying, check out the Daily Paul and Paul's Campaign for Liberty.
6. Information Clearing House has a great number of new articles daily.
7. Anti-War.com provides a vast, daily collection of news stories and opinion dealing with issues of war and peace.

These are many of my main sources. Most of them have a daily email digest which I strongly suggest you subscribe to. I don't take any of them as gospel truth. I view everything through the grid of my worldview base on an extensive theoretical framework governed by Christian theology and libertarian politico-economic theory, filled in with applications from experience and history. Then test everything for truth as you know it.

Devvy Kidd has an outstanding 2-part article, "Battle Plan for the 50 States." This is a great start for grassroots political action NOW! Take advantage of the economic shock and share this article with your friends. This November is the time to vote the worst state level politicians out of office so we can at least have some clout to make local impact. Print out this article and read it. And share it. And act.

If for any reason whatsoever you doubt the severity of our economic crises and need more motivation to take action, read the following:

1. Joan Veon's excellent articles from this week -- The Final Destruction of the Middle Class and US Dropped to Third World Status. She discusses the danger of the ""The Treasury Blueprint for a Modernized Financial Regulatory System," will hand over to the Federal Reserve the last vestiges of our financial sovereignty: savings and loans; state chartered banks; thrifts and credit unions; the entire mortgage and insurance systems, as well as oversight of the Payment and Settlement System of Wall Street. In addition, the Feds would gain oversee rights to all of America's financial markets." This capture of the entire US financial system under the czarship of former (?) international banker and current Treasury Secretary Paulson is the economic equivalent of the Patriot Act passed in the aftermath of 9/11. Call your Senator to protest. Here's more specific information.
2. Mike Whitney points out the most crucial provision in this act: "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency." Sieg heil!
3. Here's a concise timeline of last week's significant events. This week shapes up to be just as tumultuous!
4. All of our Constitutional freedoms have eroded considerably. Here's a list of journalists arrested at the Republican National Convention. (Read the poem at the end.) We were surrounded by riot police in full swat gear, with loaded automatic weapons. Inside many of us Ron Paul supporters were searched by security goons looking for subversive literature like Ron Paul signs and bumper stickers.
5. Patrick Buchanan says "The Party's Over." This financial crisis marks the passing into a new age of a greatly diminished and more sober America. What we've experienced is not the failure of free markets, but of Gordon Gecko capitalism aided and abetted by bought-and-paid for politicians greasing the wheels for the greedy few to sheer us like trusting sheep.
6. Lew Rockwell interviews Ron Paul about the crisis.
7. And Lew writes about the social imperative of returning to sound money if we want a free, prosperous nation built on truth and justice.
8. Martin Weiss has a comprehensive list of sensible actions Congress can take to deal with this crisis. Pass it on.

There is so much more, but I fear I've already overwhelmed you. People are in shock. A friend told me she saw 3 different people crying as they were driving home in the five o'clock rush hour! So change is afoot. But we must not be victims. We must be proactive first for our families, and then for our communities. Wake up your friends and let's get busy!

Financial Tsunami - Category 3 and Growing

The financial tsunami is hitting more quickly than I imagined. I've been warning about it since I started this blog a few months ago. Today I'd say the tsumani is at least a category 3, with category 5 staring us in the face. Nobel prize-winning economist Joseph Stiglitz today said things won't get better for at least two years, and I think he's optimistic. (He's the one whose recent book estimates the total cost of the Iraq war at $3 trillion or more!) I'm more inclined to agree with the estimate of a decade-long depression.

A friend just sent me a brief summary of current events: "In the space of roughly seven days you have just witnessed the near-simultaneous failure:
1. Fannie Mae
2. Freddie Mac
3. The FHLBs (Federal Home load Banks)
4. Lehman Bros
5. Merrill Lynch
...which, all totaled equals companies representing:
APPROXIMATELY SEVEN AND ONE HALF TRILLION DOLLARS
And we're not done yet.
Not even close.
On deck is AIG. "

Even in the turmoil, you can still make preparations to lessen the impact on you and your loved ones. Yes, choices are much more limited than they were even three months ago, but you don't have to be swept along like so much flotsam.

It is time to focus on your own liquidity. Cut your discretionary spending, pay off your credit cards, hang on to your job -- if you can. The ripple effects through the economy will leave many finances looking like the aftermath of hurricane Ike. Dave Ramsey has some excellent tools.

If you have savings, IRA's, etc., you need to protect them. Despite the large correction in the precious metals, it is very difficult to buy physical gold and silver. Worldwide investor demand for physical is up, while prices have fallen. It makes no sense. We are most likely headed for the worst of all financial worlds, a hyperinflationary depression, or hyperstagflation. The currency will be inflated to cover all the new obligations the Treasury takes on bailing out banks, investment firms, automakers, airlines, etc. Meanwhile, spiraling unemployment will bring economic activity to a crawl.

And please, invest in at least a 3-month supply of food for your family. Walton Feed has a 12-week backlog. But eFoodsDirect offers shipping in one week. Don't delay.

Make Jim Sinclair's excellent website regular reading. He will help you understand why there is no easy recovery from our predicament. If you have accounts with brokerage houses, you need to take delivery of any shares you want to keep. Here Sinclair tells you what you need to do to protect yourself. Better yet, get out of the stock market altogether. While the Plunge Protection Team is making the most massive cash infusions into the market to prop up the stock market, take advantage of this situation and get out now from anything vulnerable to the financial collapse. That's most everything. Forget about interest and dividends. Try to preserve what you have.

Watch this great video from MSNBC which explains what happened to Lehman Brothers. Now realize that Lehman was just a small part of this worldwide, interconnecting web. When the derivatives exposure of Long Term Capital Management almost toppled the financial markets in 1998, total derivative exposure to the world financial system was a small fraction of what it is today. Think of it as the puffed up egg whites topping a lemon meringue pie. Now squish all the air out of those egg whites. What is left of the egg whites? That's where our economy is headed.

This week I've seen two references (one being the bubble enabler, Alan Greenspan) to our current economic crisis as being a "once in a century event." Remember, the Great Depression of the 1930's started with the stock market crash in 1929. That's 79 years ago. So this may be Great Depression II.

Some of the major differences that today could make our current unfolding depression worse are:

1. We still had a gold-backed currency. Today we have a fiate currency in its death-throes, with a dollar today worth about what 2 cents was when the Federal Reserve was founded in 1913.


2. Many more people were self-sufficient, living on farms, being self-employed, having gardens, etc.


3. Today we've sent offshore much of our manufacturing base and many of our better service jobs. Paul Craig Roberts says the "New Economy" (remember that?) is now based off shore, and as a result, there is not nearly enough money to finance day to day government operations. He expects the government will raid private pensions in an attempt to make ends meet.


4. America was a more unified nation, with a proud culture, undergirded by sound values. Today we have a massive welfare culture, great social fissures due to the culture wars, a flood of illegal immigrants will too little assimilation, etc.


5. We're overextended militarily with two ongoing wars, a worn out military, more than 800 military bases in more than 150 countries. The maniacs in Washington seem intent on starting a war with Iran, and have been pushing the Russian Bear into a corner by encircling them with missles and missile defenses based in their border countries. Russia has warned of a new world war if either the US or Israel attacks Iran. (Did you see today's revelation that former Rep. Dick Armey accuses Dick Cheney of puposely lying to him about Saddam Hussein and alQaeda to get his vote for the war?)


6. The US Constitution seems to be dead and buried. The President claims the powers of a "unitary executive" (doublespeak for "dictator" and seems to think he has the right to kill anybody he pleases. The Patriot Act and its companions has set up the mechanism for martial law and a police state. If the Muslims really hate us for our freedom, then maybe they will leave us alone now, since freedom is now an illusion. I read and hear reports daily about new encroachments on our privacy and Constitutional rights. The American police state lies like a trap waiting to be sprung with the right provocation. (I still plan to report on the police state preview I experienced two weeks ago as a delegate to the Republican National Convention in St. Paul.)


7. Our elected officials, especially Congress, are the worst that money can buy. With the few exceptions of statesmen like Ron Paul, most of our elected Federal officials are bought and paid for shills for the interest groups that brought them to Washington. They're masters at the spin game, and they won't take a principled stand for what is best for America.


8. There are no significant differences between the candidates for President. Both have given their allegiance to AIPAC, the Israeli lobby. Both staffs are riddled with advisors that assure the established powers that nothing substantial will change, regardless of the rhetoric. Both seem ready to maintain the total surveilance police state and to continue with our wars in the Middle East and Eurasia.


9. There are many more differences to be sure, but these come to mind most easily. The bottom line is that we are ill-prepared for what is coming.
   

All of this makes me more pessimistic about the prospects for withdrawing from our wars of aggression. The historical response to massive domestic economic problems by dictatorial regimes is war. War is a great distraction and excuse for economic hardtimes. It justifies the command economy and suppression of political opposition. A draft for national service or the military is a convenient way to sop up unemployed civilians and give them a paycheck. See Orwell's 1984.

We've just opened a new front in the current wars with attacks in Pakistan. Bush has just taken another step toward war with Iran by imposing new sanctions on Iran's shipping industry. Lord Stirling interprets recent events as Bush agreeing to war with Israel. (See here also.) Take the likely WMD escalation along with Putin's threat to see this as the start of World War III, and we're really in trouble. God help us!

A while back I predicted the death of the dollar by 2013, the hundreth anniversary of the Federal Reserve. The way the Treasury is nationalizing and funding financial firms, with more to come, and the Fed creating money to fund the process, we may not make it that long.

Ever since I read Harry Browne's classic "How You Can Profit from the Coming Devaluation" back in 1970, I've been expecting the financial collapse. I covered some of this ground previously, as well as in many of my other previous posts. The financial "Masters of the Universe" have finally reached the limits of their ability to manage the economy. At best, American imperialism of the last decade of the 20th century will end as reaches its financial limits. At worst, it will end in a world war.

Maybe it just seems that way when it finally happens. The news has been so fast and furious that there is hardly time to assimilate it. One thing is sure: America is becoming more overtly fascist. We're are moving into one of the most difficult periods in American history. Pray that we come through it with our freedom intact.

Grace and Courage and Peace Be with You!
Porter

The Olympics, War and the Financial Tsunami

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

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

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

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

Remember our report last week that "Pulitzer Prize-winning journalist Seymour Hersh's shocking revelations "that Bush administration officials held a meeting recently in the Vice President’s office to discuss ways to provoke a war with Iran?" All it would take is an apparent Iranian missile sinking our oldest aircraft carrier to the bottom of the Persian Gulf to incite revenge blood lust in the American public. Edgar Steele has an excellent run-down of many events that point to World War III and the reason to make your preparations now.

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

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

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

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

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

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

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

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

Just a few economic reports:

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

Rep. Paul Ryan says US Headed Toward Bankruptcy.

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

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

Grace and Peace and Courage!