Kiss the Dollar Goodbye

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

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

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

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

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have been repealed by a compliant congress.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The golden drama heats up

Strong evidence exists that the gold market (and derivatively, silver) has been manipulated as a matter of economic policy for many years. This new white paper is the best summary I've seen. If you're at all interested in understanding this market, as well as the urgency to make any planned purchases soon, this is convincing reading. The report concludes:

"the trap is snapping shut on who will own the gold in 2009. Free-market supplies of gold are drying up, but the price is being kept low as global institutions sop up whatever crumbs are left.

Several very serious implications can be drawn:

• The massive amounts of gold leased to bullion banks will ultimately be seized by these same banks as collateral against worthless paper loans made to the Central Banks.
• Central Banks (including the Federal Reserve) could well be left to disintegrate in order to give way to a single global central bank controlled and fueled by the bullion banks who have monopoly control over the world's gold.
• These superbanks are all closely tied to the goals and membership of the Trilateral Commission, whose members have methodically carried out a monetary policy designed to bring about this eventuality.
• For all practical intent, individuals will be frozen out of the gold market at any price.

Indeed, a global totalitarian state may be closer than we think; as the globalist's golden rule states, 'He who has the gold, makes the rules.'"

As a chaser, we have a disturbing follow up from Antal Fekete who wrote about the "backwardation" in gold that I wrote about in "the dollar is doomed." If he is correct, the Comex gold exchange may well be unable to deliver the gold being demanded by options holders when their options expire. Not only would this be de facto bankruptcy, but it could pull the last legs out from under the dollar.

The mirage of dollar strength has been kept up mainly by the manipulation of the gold price. But the gold bulls are calling their bluff and taking delivery. We will likely see this drama played out by the end of December or the end of next February. This is powerful, folks, and you won't be hearing about it on CNN or Faux News. You've got to read this so you can appreciate the history unfolding before our eyes. And buy some gold coins if you can find them.

Speaking of globalism, Justin Raimondo discusses the push to global government/governance/New World Order and how the Obama administration is likely to push for surrendering more American sovereignty (i.e., freedom) to international governing bodies. Obama's appointments indicate he will follow the Bush-Clinton-Bush practice of going "over the heads of voters and add on new commitments to existing international structures, such as the UN and NATO [and the North American Union]. This is the motivating factor behind the new multilateralism that will energize the foreign policy of the Obama administration, the sort of internationalism that is routinely described by its advocates as 'robust.'" Why bother with consulting Congress or obeying the confines of the Constitution?

The push to globalism could easily be the purpose behind the financial crisis. " The purpose of the current financial catastrophe was to infect the entire world financial system with toxic waste and other unregulated derivatives, also known as financial weapons of mass destruction, to bring it crashing down so that a single world financial system with a single medium of exchange could be set forth as the suggested solution and then crammed down our throats in yet another nauseating and tiresome iteration of the Hegelian Dialectic."

In spite of all this, it is quite likely that we'll see a big bounce back in the stock market concurrent with Obama's inauguration. It happened several times during the depression of the 30's. Bear market rallies are built on pessimism and climb a wall of worrry. With forecasts of the the world economy shrinking for the first time since 1945, the end of the Chinese manufacturing boom, plummeting oil demand, zero-or-lower interest on T-Bills, Forbes magazine calling Wall Street "banksters," the US economy in a rapidly-accelterating freefall, and these eight scary predictions by market experts, we have a sufficiently pessimistic base for a bounce. If it does, sell and recoup some of your losses.

Obama's massive fiscal stimulus is going to pour lots of money into the economy and create some big winners. Wouldn't you like to have insider knowledge like Obama-Rahmbo's friends on Wall Street and in Chicago will be getting? Buy low, sell high they say. The net result, though, will still be hyperinflation.

It seems that Central American nations will be instituting a new continental currency in response to the financial crisis.

I've written numerous times lately about the real Constitutional problem questioning Obama's eligibility to be President. Constitution Party candidate Chuck Baldwin observes the hypocrisy of many "conservatives" on this issue. It seems they only care about the Constitution when it suits their partisan purposes. "Most of them really could not care less about adherence to the Constitution. If they did, they would have been up in arms for the last eight years as President George W. Bush repeatedly ignored--and even trampled--the U.S. Constitution."

Daily hyperinflation reminder: in Oldsmoblie Nation Dr. Gary North writes "The world we grew up in has been lost since August 2007. The man who saw this coming and warned about it, Dr. Kurt Richebächer, died that month. He had predicted the worst capital crisis in our era. This is what it is becoming. . . . Inflation is coming. Then controls. Then rationing." Time to prepare, folks.

Here's a nice story about how precocious Obama controller Rahm Emanuel learned investment banking so well that he earned $16 million in 3 years so he could buy a Congressional seat in the corrupt state of Illinois. His Bankster pals on Wall Street should have continued success with their continuing begging for taxpayer bailouts in the Obama administration.

From the same nest of Chicago corruption, the story about Governor Blagojevich continues to unfold. "What did Obama know, and when did he know it" is a pertinent question. With so many Clintonistas in the Obama administration, will we see a bizarre marriage of rural Arkansas corruption with the pros from Chicago? Speaking of, I'm not the only one wondering "What Do the Clintons Have on Obama?"

Panama Legal, a Panamanian law firm, seems to agree a lot with me: Some Things to Look for in 2009. I wish they'd prove me wrong, instead.

These photos of the destructive wildfires in California last month are dramatic.

And finally, enjoy a trip to the edge of the universe. This is truly mind-boggling and seems to put everything in perspective.