Tuesday, March 31, 2009

Fascism Officially Arrives in America

Have you watched The Obama Deception yet? If not, watch today and share it with your friends.
One of the hallmarks of fascism is state control over nominally private businesses. We've had a mixed economy for my lifetime, a sort of fascism-lite. A mixed economy is a Keynesian economy, and ours is in crisis along with others around the globe. The chickens are coming home to roost. When asked about the long-range consequences of the short-term "fixes" of his policies, John Maynard Keynes replied, "In the long run, we're all dead." (Keynes, incidentally, maintained his theory was best implemented in a fascist state.)

Well, Keynes is long dead, but we're not. But Freedom is now dead in America. All that's left is the full-blown establishment of martial law, rounding up the opposition (according to the MIAC report, people who believe in the original vision of American constitutionally-limited government "We're All Terrorists Now" ), disarming the population, and the myriad of other police-state actions put in play by the Presidents going back at least to Carter.

Obama's firing of the head of General Motors forever changes the nature of American business. As James Sinclair says, "From now on rather than public corporate management looking to stockholders, their vision will be towards Washington from whom they will take their clues to act. . . . Finance, having taken over government, now has taken over public industry."

Indeed, a recent article in The Atlantic details "The Quiet Coup" that has taken place in the US. "The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time." [Many astute financial commentators and trends forecasters say the US will become a Third World Nation if we don't reverse course.]

Read about Timothy Geithner's "dirty little secret" that puts the global financial system at risk to benefit the financial hierarchy. Apparently Obama believes "no banker should be left behind." Peter Schiff says that last week we were "peering into the abyss." How many near misses can we have? When will the dollar die?

Obama's first 100 days in office end around April 30. As I predicted, they are, indeed, days of "shock and awe." Obama's promise of "change" is materializing as a major transformation of the governmental and economic structure of the US. The People did not vote to do this. Obama and his coalition are moving as fast as they can to implement their vision of a fascist America. They're building on the foundation laid by the Cheney-Bush administration and their predecessors. (Some may call it "Marxism." View the list. Whatever you call it, it is the opposite of freedom.) Even Democrat Senator and Constitutional scholar Robert Byrd accuses Obama of making an unconstitutional power grab.

Remember: Government never willingly gives up any power it is given. Ever. Realize that in seven years the Bush administration set up dictatorial powers in the US similar to those in Nazi Germany. "The purpose of the U.S. Constitution was to place constraints on the exercise of power. Yet, it’s now clear that for the past 7 years Bush wielded the power to ignore all constitutional restraints on his power as part of his 'war on terrorism.' Since the president wielded omnipotent power over the American people, albeit secretly, how is that different from the omnipotent power that Hitler wielded over the German people? . . . The point is that both the German people and the American people were living under some form of dictatorship — a type of political system in which there are no constraints on the power of the ruler. Remember: dictatorship entails the existence of omnipotent power, even if such power isn’t always being exercised to its full extent."

Obama has not dismantled one significant part of Bush's dictatorial apparatus.

Puppet Obama is doing all this under "liberal cover," just as Puppet Bush did all his dirty work under "conservative cover." Conservatives supported, rationalized and justified Bush actions and policies they would have fought tooth and nail if proposed by a Democrat President. Now, Liberals are doing the same thing for Obama. The anti-war Left is a mere shadow of itself during the Bush regime. Some say the Left has become a willing part of the Obama War Machine. Perhaps the theory of "cognitive dissonance" is the best explanation for this phenomenon. The phony, contradictory left-right paradigm inculcated from birth adds to the problem. (Take this simple survey to see where you stand along the liberty-power spectrum.)

So the question of the day is: Will enough Liberals wake up soon enough to sound the alarm and stop the Obama power grab?

Sadly, I don't think they will. Many Liberals I know are as intellectually lazy and peer group-dependent as many Conservatives I know. Moreover, central to their outlook is a view of Government as an agent of salvation to make society better. Many liberals are part of the system, dependent on government or NGOs for their jobs and pensions. And they bought into Obama with wild abandon. So they are not likely to admit their mistake this early in the game. If you consider yourself a "liberal," I hope you are an exception to the rule.

On the positive side, more and more people are waking up. The State Sovereignty movement is stirring in 30 or more state legislatures. Conservatives are finally snapping out of their stupor, at least at the grassroots level. My experience is that most state GOP leadership is still plugged deeply into the power structure and is actively working to limit the influence of the new people brought in by the Constitutional idealism of Ron Paul. When they say they're for limited government and support the Constitution, I think most of them believe it, even though their actions say otherwise.

Alex Jones reportedly has become the most popular radio show on the Internet. His latest film, The Obama Deception, has gone viral on YouTube and Google. This courageous man is at the tip of the spear of the awakening. Listen to his daily broadcast, continuous re-broadcast, or podcast at Infowars.com.

Some of the better-read, more independent-thinking liberals and progressives are waking up. They see the Obama lies.

I fear that the people controlling Obama will pull off another 9-11 false-flag event to shock the population and use it as an excuse to implement even more draconian controls. Indeed, Zbigniew Brzezinski, Obama's foreign policy handler, predicted that such a false flag event would be used to take us to war with Iran. During wartime they can impose a draft, ID checks, rationing and any other dictatorial policies.

The MIAC report mentioned above shows a governmental bias against all principled supporters of the original intent of the Constitution, calling them potential "terrorists" who are a danger to law enforcement. Even though that report was officially retracted, it is indicative of the mindset of Homeland Security. This analysis goes in-depth.

You may wonder: What does this have to do with me? What does Obama's firing of the CEO of GM mean to me? The answer is: Everything. The unconstitutional loss of freedom for one person or group is a loss for us all. If we won't draw the line to protect those we may not like, then we will likewise be unprotected.

I leave you today with this well-known piece attributed to Martin Niemoller:
"When the Nazis came for the communists,
I remained silent;
I was not a communist.
When they locked up the social democrats,
I remained silent;
I was not a social democrat.
When they came for the trade unionists,
I did not speak out;
I was not a trade unionist.
When they came for the Jews,
I remained silent;
I wasn't a Jew.
When they came for me,
There was no one left to speak out for me."

Will you speak out? Will you bravely act like The Tank Man? Will you prepare? Or will you be a collaborator and remain silent? Will you go like a sheep into your pen? And what will you tell your grandchildren?

Grace and peace and courage to you!

Saturday, March 28, 2009

Zombie Banks and Fiat Currencies

Important: Watch The Obama Deception and pass it on to your friends. Quit thinking about politics in terms of Left-Right. We have a one-party system, the Demopublicans, controlled by the same owners. Start developing the Big Picture. Time is short!

The Federal Reserve has chosen to try to save the economy and the Big Banks at the cost of destroying the value of the dollar. On March 18 the Fed announced it would monetize $300 billion of Treasury Bonds by printing up the money to purchase them. Hyperinflation is on the way. With buyers of soon to be worth-less dollar-denominated debt dwindling, the Fed has chosen the "Weimar Solution" to deal with our sky-rocketing debt load.

Germany's decision to debauch its currency to pay its World War I reparations wiped out the middle class and led to the rise of Hitler. History repeats itself. "The best way to destroy the capitalist system is to debauch the currency," said Lord Keynes, the guiding light the politicians in the District of Corruption. We have our charismatic leader and are moving rapidly into Moussolini-style fascism.

As Gary North put it, we are now on the road to a never-ending series of bailouts until the dollar evaporates, like the German Mark of the 1920's, or more recently, the Zimbabwe dollar. Whatever debt remains, our grandchildren get to pay.

"The response of the FED and the Treasury has been to increase the national debt, increase the issuing of fiat money, and swapping toxic assets for AAA-rated T-bills at face value. All of this has put at risk the solvency of the government, the stability of the dollar, and the economic futures of most Americans. . . . Bailouts always come at the expense of the majority of taxpaying citizens. The FED and the Treasury can and do subsidize big banks. The biggest banks will be protected from bankruptcy by the existing political structure. But these narrow subsidies must be paid for. They will be paid for by four groups: those who buy and hold Treasury debt; those who buy and hold dollar-denominated assets; those who are dependent on fixed dollar income; and taxpayers in the higher brackets.

If you are a member of one or more of these groups, your future is at risk. Your dreams are being sacrificed by the money managers who enjoy operating in a nice cartel. They have gained the support of the senior decision-makers in the U.S. Treasury, which is staffed by representatives of the cartel."

You can subscribe to Gary's free, twice-weekly newsletter here. You also get the free Daily Reckoning at the same time.

George Soros, who made billions on international currency devaluations, recently predicted a 30% drop in the value of commercial real estate along with hyper inflation. The LA Times calls the collapse of retail stores in New York City a "second, silent 9-11." We're headed for systemic failure. Gerald Celente predicts unemployment of at least 25%, food riots, and economic Armageddon by 2012. Along the same lines, another writer predicts "the end of America." He moved to Ecuador to experience "stability."

The Federal Reserve, and its money-creation scam, is at the heart of the problem. It is the source of our boom-bust cycle and monetary inflation that has a $20 gold piece selling for almost $1,000 Federal Reserve Notes (FRNs) today. It is imperative that you understand the system. We must all understand it, and work to abolish the Fed and return to sound money. Freedom to Fascism and Money as Debt help explain the system. This article article also explains how the Fed operates, and how its actions today are like trying to put out a house fire by pouring gasoline on it.

Yet, SecTreas Timothy Geithner is moving ahead to implement the Treasury reorganization plan proposed by Hank Paulson last October which would put almost all non-bank financial institutions directly under the Fed. This is absolute madness. Yet, most Americans are largely silent while our nation is being destroyed! They squawk about the about the AIG bonuses, but that's small potatoes to the biggest heist in history occurring before our very eyes. Leave it to Rolling Stone to point out how "Wall Street insiders are using the bailouts to stage a revolution." "It's over — we're officially, royally f****d," says the author.

Rep. Dennis Kucinich recommends nationalizing the Fed. Ron Paul says abolish it.

The "end game is approaching." Even as the Fed is now creating FRNs out of thin air to buy US Bonds to store them in their vaults, market action this week indicates that strong (i.e, foreign holders) are selling their T-bonds into the market. This can't keep up. I've reported predictions by reputable sources of US debt default by summer or fall.

Yet I talk to people daily with blind faith, really blind faith, that everything will somehow work out. One of them even bought stocks last week on "inside information." I know people who have their money in dollar-denominated assets, so they can get dividends or interest. Never mind that the purchasing power of the dollar will be dropping by double-digits annually very soon. They would rather have a 3% return in depreciating dollars than preserve the purchasing power of their life savings!

Yet, market old-time Richard Russell says the BIG money will be made in gold. (Actually, the amount of gold will stay the same. It will just make more and more depreciating dollars to buy the same amount.)

Our generation is moving into a crisis like we've never experienced. Our character will be tested as never before. Yet, as a nation, our character is not what it used to be. Just as fiat currency has debased the value of money with price inflation, so has the chasing of materialism and the flaunting of Judeo-Christian values debased our character. So we have to start making repairs to our ethics along with fixing our money.

I don't like writing about this stuff. But folks, we've got to wake up, not just individually, but as a whole. It is time to realize that we're being screwed, to put it mildly. The politicians will not fix it. Wall Street and the Global Elite own them, just like they own the media that should be holding them accountable and shouting warnings from the house tops.

I know everyone is busy trying just to keep a roof over our heads and food on the tables. It has been planned that way. But if you think times are hard now, just wait until we travel farther down this path. What the Global Elite have in store for us is not pretty. So even as I take the time to post this instead of working on my business, I'm asking you to take the time to bring yourself up to speed and help awaken your friends and neighbors. And make preparations for hard times.

There is much more happening than I can hardly keep up with and relate in special reports. You've got to start digging out the news for yourself. Visit the links on the right side of my site regularly to help you stay up with what's important, and not just what the controlled Mainstream Media wants you to know.

The Global Elite and their political representatives are gearing up for social breakdown all over the globe, including here in the US. Total surveillance measures, FEMA concentration camps, militarization of the police and martial law are all in preparation. This summer still promises to be the "summer from hell."

Joel Skousen, in his excellent weekly newsletter (subscribe here) , included a good analysis of the irreparable damage already inflicted on the economy. Notice that the corruption of the Obama administration runs just as deep as in the Bush administration. I offer it as further proof below.

Despite the wishful thinking of investors and manipulators pushing up stock indices, the Geithner-Bernanke duo is scrambling to avert a complete meltdown of public confidence in their saving powers. Treasury Secretary Geithner is looking more and more like a youthful amateur in his pronouncements and Fed Chairman Ben Bernanke can no longer give a straight or honest answer. New proposals, all without details, are emerging faster than the pundits can praise and absorb them--acting more like cheer leaders than honest analysts, so anxious are they to join with government in turning this pig's ear of a bailout into a recovery purse. Timothy Geithner sought wide regulatory powers to control hedge funds and derivatives, but it's a bit late now that all the cows are out of the barn and aren't coming back. You can't regulate lost trillions back into existence, and badly needed reserve requirements-huge reserves-would take the profitability out of these dangerous derivative hedges.

Treasury Secretary Timothy F. Geithner wants the feds to have power not only to seize banks but also private businesses and insurance companies like AIG. William Branigin and Binyamin Appelbaum of the Washington Post write in typical socialist fashion, "Time is running out on the Obama administration to take control of the banks - and the crisis. 'If this plan fails - as it almost surely will - it's unlikely that he'll be able to persuade Congress to come up with more funds to do what he should have done in the first place." Geithner knows the public is losing patience.

"Mr. Geithner asked Congress today for new regulatory authority for non-bank financial institutions such as insurance giant American International Group in order to 'eliminate gaps in supervision' and avoid potentially catastrophic threats to the nation's financial system. Geithner said such authority would have allowed the government to bail out AIG last year at a far lower cost to taxpayers, a position backed by Federal Reserve Chairman Ben S. Bernanke. The government currently has the authority to seize only banks." The "we need more authority to supervise" is a false excuse. No amount of supervision is going to alter the fact that the derivative markets are never going to be able to pay out what they owe. The money collected in premiums is gone and no reserves were required or kept. This was a ponzi scheme and should be prosecuted as such. The call for the power to seize private firms is the real meat of this proposal and it smacks of nationalization powers.

Geithner has good reason to worry about how all this is going down with the public. After the AIG bonuses, Congress and the public has soured on more bailouts. David Lightman of McClatchy Newspapers said, "Forget about any more bailouts anytime soon. Any Obama administration bid to seek more taxpayer money for failing banks will face stiff resistance in Congress, where Treasury Department credibility is ebbing fast and lawmakers are bowing before a constituent revolt. Its credibility has been badly damaged, with Geithner under withering scrutiny in Congress even as lawmakers' constituents are boiling mad and Republicans are increasingly united in opposing more bailouts."

Despite their ongoing efforts on several different fronts, the PTB weren't able to silence the outcry about AIG bonuses, and worse bonuses were revealed at Merrill Lynch and many other insider institutions getting bailout funds. As Bloomberg News noted, bonuses are just the tip of the iceberg. "The U.S. Treasury Departmentpreserved a payday for five banks that was worth almost 200 times the bonuses handed out at American International Group Inc. through a government rescue." That is right. The largest portion of these bailout funds are not going to increase loanable funds, but are simply preserving administrative load and salaries at institutions that will eventually have to be liquidated.

The most understated bonus horror story of the week was the secret bonuses awarded by Merrill Lynch just before year end. Why the secrecy? Because Merrill Lynch misled Congress in understating its compensation packages for 2008 so as to get Congress to not include 2008 compensation bonuses in the new executive pay restrictions for companies receiving taxpayer bailouts. The defunct investment brokerage turned around and awarded $3.6B in bonuses just days before Bank of America completed acquisition and days before the Jan 1 cutoff allowed by Congress--courtesy of pressure applied by Obama Chief of Staff Rahm Emmanuel on an all-too-willing accomplice in the Senate, Chris Dodd (D-Connecticut). Goldman Sachs has now been forced to reveal that its under-the-deadline bonus and salary payments exceeded $10B ($5B in bonuses!).

With all the talk about bonuses, the public is continually fed the excuse that "we need these bright people to stay so that the taxpayers can get their money back." The money is never coming back and these people know it. On 60 MINUTES on Sunday March 15th, during questioning on the bonus issue, AIG Chairman Edward Liddy stated, under oath, that the bonuses were needed to retain key personnel to "dismantle the company." I think it is obvious they have no intention of paying taxpayers back. Worse, when the company is dissolved, who is going to still have to pay for all the city and county pension funds invested with AIG--that is gone? If you think the government is going to be able to turn them away, you don't know political outrage. So, the taxpayers will pay once again.

Then there is the issue of the insider loans, just emerging, that makes this banking scandal take on aspects of the Savings and Loan scandals of the 1980 and early 1990s. During those times S&L executives went to jail for giving themselves big loans which contributed to the insolvency of the institutions they ran. Stella M. Hopkins of the Charlotte Observer broke the story. "Banks nationwide hold $41 billion in loans to directors, top executives and other insiders, a portfolio that experts say should be stripped of secrecy [another regulatory loophole put into place years ago].

"Insider lending to directors is particularly troublesome because it could cloud the judgment of people charged with protecting shareholders and overseeing bank management, the experts say. At Charlotte-based Bank of America, those loans more than doubled last year, to $624.2 million -- the biggest dollar jump in the country. The largest of them likely went to three directors of their companies. The surge came during the third quarter as credit markets froze, the government prepared to infuse banks with billions in tax dollars and the board approved the purchase of troubled Merrill Lynch.

"Bank of America ranked fourth on the list of biggest insider lenders. At the top was JPMorgan of New York, which held $1.48 billion in insider loans, mostly by directors or their companies. At No. 2, Charlotte-based Wachovia, which was sold to Wells Fargo of San Francisco at the end of 2008, finished the year with $747 million in insider loans. All of the loans were held by the bank's directors or their companies, with just five holding the largest.

"Insider loans, ranging from home mortgages to multimillion-dollar lines of credit for big companies, are legal but are largely shrouded from public scrutiny. Bank of America's insider loans zoomed in 2008, but no one will say why. Bank of America [one of the most corrupt of the insider banks] vaulted into the top 10 banks for insider lending last year with an increase of more than $358 million, much of it coming as credit markets froze and mounting financial calamity threatened the industry's survival. The bulk of the gain came in the third quarter, when the financial sector entered its meltdown." This means that the big shots where siphoning off available funds, knowing that the coming bailout would replenish them.

Then there is the incestuous relationship between Fannie Mae and Freddie Mac and several of the Congressional banking and finance leaders in both the House and Senate. Rep. Barney Frank claims to be outraged about the financial shenanigans of both AIG and Fannie and Freddie and yet the openly gay Congressman had a multiple year relationship with Herb Moses, an executive for the now-government controlled Fannie Mae. During the same time that Frank had regulatory oversight over Fannie and Freddie, he received over $40,000 in campaign contributions from Fannie Mae and Freddie Mac.

Sen. Chris Dodd (D-CT) of the Senate Finance committee received the most at $134,000. Sen. John Kerry (D-MA) received $111,000, and Sen. Barack Obama received about $106,000. Then Senator Hillary Clinton received $75,500 in campaign contributions from the two semi-government agencies.

Obama's Chief of Staff, Rahm Emmanuel was made a wealthy man by being placed on the Board of Directors of Fannie Mae by his boss, Bill Clinton. According to the Chicago Tribune, "He was named to the Freddie Mac board in February 2000 by Clinton, whom Emanuel had served as White House political director and vocal defender during the Whitewater and Monica Lewinsky scandals.

"The board met no more than six times a year. Unlike most fellow directors, Emanuel was not assigned to any of the board's working committees, according to company proxy statements. Immediately upon joining the board, Emanuel and other new directors qualified for $380,000 in stock and options plus a $20,000 annual fee, records indicate.

"On Emanuel's watch, the board was told by executives of a plan to use accounting tricks to mislead shareholders about outside profits the government-chartered firm was then reaping from risky investments. The goal was to push earnings onto the books in future years, ensuring that Freddie Mac would appear profitable on paper for years to come and help maximize annual bonuses for company brass.

"The accounting scandal wasn't the only one that brewed during Emanuel's tenure. During his brief time on the board, the company hatched a plan to enhance its political muscle. That scheme, also reviewed by the board, led to a record $3.8 million fine from the Federal Election Commission for illegally using corporate resources to host fundraisers for politicians. Emanuel was the beneficiary of one of those parties after he left the board and ran in 2002 for a seat in Congress from the North Side of Chicago [where he continued to receive political contributions from Fannie and Freddie]."

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!