September 16, 2010
The Scary Truth About our Government
full article w/ Dr. Paul Craig Roberts' bio here:
http://www.silverbearcafe.com/private/09.10/canthandle.html
August 28, 2010
Mainstream media finally admit we are in a Depression
August 24, 2010 CNBC article:
"Economy Caught in Depression, Not Recession"
http://www.cnbc.com/id/38831550
This is just one of a handful af articles put out by mainstream media in the past month announcing that we are in the midst of an economic depression. Although most news anchors are still uncomfortable with calling our current situation a depression, instead keep using the word 'recession' and even questioning if 'there's a possibility there could be a double dip recession'... As top trends forecaster Gerald Celente says, it will be obvious to everyone by Christmas of this year that the 'crash of 2010' has occured (http://rense.com/general91/excc.htm)
The corporate-controlled media is only interested in one thing, and that is selling the stock market to the american people. They will say anything and have on only guests that support their faulty logic to get the unwitting american dupes to keep pouring their money into the stock market. And the government (with the help of their corporate-media foot soldiers) is doing likewise with the bond market. Everyone knows that U.S. government debt is trash, but if the govt. can keep everyone pretending like investing in U.S. treasuries is still the sane thing to do, then the illusion can be kept up awhile longer. But that can't go on forever.
I am sooooo pissed off at the media. They are not friends of the American people. They have a responsibility to maintain integrity in their reporting. They have a responsibility to maintain truth and reality. They owe the American people that. By burying the story of the gulf oil spill (75% of the oil has NOT disappeared from the gulf, that is a lie conjured up by BP, the govt. and our trustworthy media) and telling Americans we are in a 'recovery' is treasonous and reminiscient of the state-run media tactics of second and third world countries. If they had any credibility whatsoever, they would be warning Americans to prepare for the tough times ahead instead of trying to sell their bullshit false reality. Some day they will be held accountable for their crimes. Everything you now see on tv and hear on radio is pure 100% propaganda.
July 20, 2010 The New American:
Great Depression: Here We Go Again?
http://www.thenewamerican.com/index.php/economy/commentary-mainmenu-43/4083-great-depression-%20%20here-we-go-again
"Economy Caught in Depression, Not Recession"
http://www.cnbc.com/id/38831550
This is just one of a handful af articles put out by mainstream media in the past month announcing that we are in the midst of an economic depression. Although most news anchors are still uncomfortable with calling our current situation a depression, instead keep using the word 'recession' and even questioning if 'there's a possibility there could be a double dip recession'... As top trends forecaster Gerald Celente says, it will be obvious to everyone by Christmas of this year that the 'crash of 2010' has occured (http://rense.com/general91/excc.htm)
The corporate-controlled media is only interested in one thing, and that is selling the stock market to the american people. They will say anything and have on only guests that support their faulty logic to get the unwitting american dupes to keep pouring their money into the stock market. And the government (with the help of their corporate-media foot soldiers) is doing likewise with the bond market. Everyone knows that U.S. government debt is trash, but if the govt. can keep everyone pretending like investing in U.S. treasuries is still the sane thing to do, then the illusion can be kept up awhile longer. But that can't go on forever.
I am sooooo pissed off at the media. They are not friends of the American people. They have a responsibility to maintain integrity in their reporting. They have a responsibility to maintain truth and reality. They owe the American people that. By burying the story of the gulf oil spill (75% of the oil has NOT disappeared from the gulf, that is a lie conjured up by BP, the govt. and our trustworthy media) and telling Americans we are in a 'recovery' is treasonous and reminiscient of the state-run media tactics of second and third world countries. If they had any credibility whatsoever, they would be warning Americans to prepare for the tough times ahead instead of trying to sell their bullshit false reality. Some day they will be held accountable for their crimes. Everything you now see on tv and hear on radio is pure 100% propaganda.
July 20, 2010 The New American:
Great Depression: Here We Go Again?
http://www.thenewamerican.com/index.php/economy/commentary-mainmenu-43/4083-great-depression-%20%20here-we-go-again
August 25, 2010
How Hyperinflation Will Happen
Right now, we are in the middle of deflation. The Global Depression we are experiencing has squeezed both aggregate demand levels and aggregate asset prices as never before. Since the credit crunch of September 2008, the U.S. and world economies have been slowly circling the deflationary drain.
To counter this, the U.S. government has been running massive deficits, as it seeks to prop up aggregate demand levels by way of fiscal “stimulus” spending—the classic Keynesian move, the same old prescription since donkey’s ears.
But the stimulus, apart from being slow and inefficient, has simply not been enough to offset the fall in consumer spending.
For its part, the Federal Reserve has been busy propping up all assets—including Treasuries—by way of “quantitative easing”.
The Fed is terrified of the U.S. economy falling into a deflationary death-spiral: Lack of liquidity, leading to lower prices, leading to unemployment, leading to lower consumption, leading to still lower prices, the entire economy grinding down to a halt. So the Fed has bought up assets of all kinds, in order to inject liquidity into the system, and bouy asset price levels so as to prevent this deflationary deep-freeze—and will continue to do so. After all, when your only tool is a hammer, every problem looks like a nail.
But this Fed policy—call it “money-printing”, call it “liquidity injections”, call it “asset price stabilization”—has been overwhelmed by the credit contraction. Just as the Federal government has been unable to fill in the fall in aggregate demand by way of stimulus, the Fed has expanded its balance sheet from some $900 billion in the Fall of ’08, to about $2.3 trillion today—but that additional $1.4 trillion has been no match for the loss of credit. At best, the Fed has been able to alleviate the worst effects of the deflation—it certainly has not turned the deflationary environment into anything resembling inflation.
Yields are low, unemployment up, CPI numbers are down (and under some metrics, negative)—in short, everything screams “deflation”.
Therefore, the notion of talking about hyperinflation now, in this current macro-economic environment, would seem . . . well . . . crazy. Right?
Wrong: I would argue that the next step down in this world-historical Global Depression which we are experiencing will be hyperinflation.
Most people dismiss the very notion of hyperinflation occurring in the United States as something only tin-foil hatters, gold-bugs, and Right-wing survivalists drool about. In fact, most sensible people don’t even bother arguing the issue at all—everyone knows that only fools bother arguing with a bigger fool.
A minority, though—and God bless ’em—actually do go ahead and go through the motions of talking to the crazies ranting about hyperinflation. These amiable souls diligently point out that in a deflationary environment—where commodity prices are more or less stable, there are downward pressures on wages, asset prices are falling, and credit markets are shrinking—inflation is impossible. Therefore, hyperinflation is even more impossible.
This outlook seems sensible—if we fall for the trap of thinking that hyperinflation is an extention of inflation. If we think that hyperinflation is simply inflation on steroids—inflation-plus—inflation with balls—then it would seem to be the case that, in our current deflationary economic environment, hyperinflation is not simply a long way off, but flat-out ridiculous.
But hyperinflation is not an extension or amplification of inflation. Inflation and hyperinflation are two very distinct animals. They look the same—because in both cases, the currency loses its purchasing power—but they are not the same.
Inflation is when the economy overheats: It’s when an economy’s consumables (labor and commodities) are so in-demand because of economic growth, coupled with an expansionist credit environment, that the consumables rise in price. This forces all goods and services to rise in price as well, so that producers can keep up with costs. It is essentially a demand-driven phenomena.
Hyperinflation is the loss of faith in the currency. Prices rise in a hyperinflationary environment just like in an inflationary environment, but they rise not because people want more money for their labor or for commodities, but because people are trying to get out of the currency. It’s not that they want more money—they want less of the currency: So they will pay anything for a good which is not the currency.
Right now, the U.S. government is indebted to about 100% of GDP, with a yearly fiscal deficit of about 10% of GDP, and no end in sight. For its part, the Federal Reserve is purchasing Treasuries, in order to finance the fiscal shortfall, both directly (the recently unveiled QE-lite) and indirectly (through the Too Big To Fail banks). The Fed is satisfying two objectives: One, supporting the government in its efforts to maintain aggregate demand levels, and two, supporting asset prices, and thereby prevent further deflationary erosion. The Fed is calculating that either path—increase in aggregate demand levels or increase in aggregate asset values—leads to the same thing: A recovery in the economy.
This recovery is not going to happen—that’s the news we’ve been getting as of late. Amid all this hopeful talk about “avoiding a double-dip”, it turns out that we didn’t avoid a double-dip—we never really managed to claw our way out of the first dip. No matter all the stimulus, no matter all the alphabet-soup liquidity windows over the past 2 years, the inescapable fact is that the economy has been—and is headed—down.
But both the Federal government and the Federal Reserve are hell-bent on using the same old tired tools to “fix the economy”—stimulus on the one hand, liquidity injections on the other. (See my discussion of The Deficit here.)
It’s those very fixes that are pulling us closer to the edge. Why? Because the economy is in no better shape than it was in September 2008—and both the Federal Reserve and the Federal government have shot their wad. They got nothin’ left, after trillions in stimulus and trillions more in balance sheet expansion—
—but they have accomplished one thing: They have undermined Treasuries. These policies have turned Treasuries into the spit-and-baling wire of the U.S. financial system—they are literally the only things holding the whole economy together.
In other words, Treasuries are now the New and Improved Toxic Asset. Everyone knows that they are overvalued, everyone knows their yields are absurd—yet everyone tiptoes around that truth as delicately as if it were a bomb. Which is actually what it is.
So this is how hyperinflation will happen:
One day—when nothing much is going on in the markets, but general nervousness is running like a low-grade fever (as has been the case for a while now)—there will be a commodities burp: A slight but sudden rise in the price of a necessary commodity, such as oil.
This will jiggle Treasury yields, as asset managers will reduce their Treasury allocations, and go into the pressured commodity, in order to catch a profit. (Actually it won’t even be the asset managers—it will be their programmed trades.) These asset managers will sell Treasuries because, effectively, it’s become the principal asset they have to sell.
It won’t be the volume of the sell-off that will pique Bernanke and the drones at the Fed—it will be the timing. It’ll happen right before a largish Treasury auction. So Bernanke and the Fed will buy Treasuries, in an effort to counteract the sell-off and maintain low yields—they want to maintain low yields in order to discourage deflation. But they’ll also want to keep the Treasury cheaply funded. QE-lite has already set the stage for direct Fed buys of Treasuries. The world didn’t end. So the Fed will feel confident as it moves forward and nips this Treasury yield jiggle in the bud.
The Fed’s buying of Treasuries will occur in such a way that it will encourage asset managers to dump even more Treasuries into the Fed’s waiting arms. This dumping of Treasuries won’t be out of fear, at least not initially. Most likely, in the first 15 minutes or so of this event, the sell-off in Treasuries will be orderly, and carried out with the idea (at the time) of picking up those selfsame Treasuries a bit cheaper down the line.
However, the Fed will interpret this sell-off as a run on Treasuries. The Fed is already attuned to the bond markets’ fear that there’s a “Treasury bubble”. So the Fed will open its liquidity windows, and buy up every Treasury in sight, precisely so as to maintain “asset price stability” and “calm the markets”.
The Too Big To Fail banks will play a crucial part in this game. See, the problem with the American Zombies is, they weren’t nationalized. They got the best bits of nationalization—total liquidity, suspension of accounting and regulatory rules—but they still get to act under their own volition, and in their own best interest. Hence their obscene bonuses, paid out in the teeth of their practical bankruptcy. Hence their lack of lending into the weakened economy. Hence their hoarding of bailout monies, and predatory business practices. They’ve understood that, to get that sweet bail-out money (and those yummy bonuses), they have had to play the Fed’s game and buy up Treasuries, and thereby help disguise the monetization of the fiscal debt that has been going on since the Fed began purchasing the toxic assets from their balance sheets in 2008.
But they don’t have to do what the Fed tells them, much less what the Treasury tells them. Since they weren’t really nationalized, they’re not under anyone’s thumb. They can do as they please—and they have boatloads of Treasuries on their balance sheets.
So the TBTF banks, on seeing this run on Treasuries, will add to the panic by acting in their own best interests: They will be among the first to step off Treasuries. They will be the bleeding edge of the wave.
Here the panic phase of the event begins: Asset managers—on seeing this massive Fed buy of Treasuries, and the American Zombies selling Treasuries, all of this happening within days of a largish Treasury auction—will dump their own Treasuries en masse. They will be aware how precarious the U.S. economy is, how over-indebted the government is, how U.S. Treasuries look a lot like Greek debt. They’re not stupid: Everyone is aware of the idea of a “Treasury bubble” making the rounds. A lot of people—myself included—think that the Fed, the Treasury and the American Zombies are colluding in a triangular trade in Treasury bonds, carrying out a de facto Stealth Monetization: The Treasury issues the debt to finance fiscal spending, the TBTF banks buy them, with money provided to them by the Fed.
Whether it’s true or not is actually beside the point—there is the widespread perception that that is what’s going on. In a panic, widespread perception is your trading strategy.
So when the Fed begins buying Treasuries full-blast to prop up their prices, these asset managers will all decide, “Time to get out of Dodge—now.”
Note how it will not be China or Japan who all of a sudden decide to get out of Treasuries—those two countries will actually be left holding the bag. Rather, it will be American and (depending on the time of day when the event happens) European asset managers who get out of Treasuries first. It will be a flash panic—much like the flash-crash of last May. The events I describe above will happen in a very short span of time—less than an hour, probably. But unlike the event in May, there will be no rebound.
Notice, too, that Treasuries will maintain their yields in the face of this sell-off, at least initially. Why? Because the Fed, so determined to maintain “price stability”, will at first prevent yields from widening—which is precisely why so many will decide to sell into the panic: The Bernanke Backstop won’t soothe the markets—rather, it will make it too tempting not to sell.
The first of the asset managers or TBTF banks who are out of Treasuries will look for a place to park their cash—obviously. Where will all this ready cash go?
Commodities.
By the end of that terrible day, commodites of all stripes—precious and industrial metals, oil, foodstuffs—will shoot the moon. But it will not be because ordinary citizens have lost faith in the dollar (that will happen in the days and weeks ahead)—it will happen because once Treasuries are not the sure store of value, where are all those money managers supposed to stick all these dollars? In a big old vault? Under the mattress? In euros?
Commodities: At the time of the panic, commodities will be perceived as the only sure store of value, if Treasuries are suddenly anathema to the market—just as Treasuries were perceived as the only sure store of value, once so many of the MBS’s and CMBS’s went sour in 2007 and 2008.
It won’t be commodity ETF’s, or derivatives—those will be dismissed (rightfully) as being even less safe than Treasuries. Unlike before the Fall of ’08, this go-around, people will pay attention to counterparty risk. So the run on commodities will be for actual, feel-it-’cause-it’s-there commodities. By the end of the day of this panic, commodities will have risen between 50% and 100%. By week’s end, we’re talking 150% to 250%. (My private guess is gold will be finessed, but silver will shoot up the most—to $100 an ounce within the week.)
Of course, once commodities start to balloon, that’s when ordinary citizens will get their first taste of hyperinflation. They’ll see it at the gas pumps.
If oil spikes from $74 to $150 in a day, and then to $300 in a matter of a week—perfectly possible, in the midst of a panic—the gallon of gasoline will go to, what: $10? $15? $20?
So what happens then? People—regular Main Street people—will be crazy to buy up commodities (heating oil, food, gasoline, whatever) and buy them now while they are still more-or-less affordable, rather than later, when that $15 gallon of gas shoots to $30 per gallon.
If everyone decides at roughly the same time to exchange one good—currency—for another good—commodities—what happens to the relative price of one and the relative value of the other? Easy: One soars, the other collapses.
When people freak out and begin panic-buying basic commodities, their ordinary financial assets—equities, bonds, etc.—will collapse: Everyone will be rushing to get cash, so as to turn around and buy commodities.
So immediately after the Treasury markets tank, equities will fall catastrophically, probably within the next few days following the Treasury panic. This collapse in equity prices will bring an equivalent burst in commodity prices—the second leg up, if you will.
This sell-off of assets in pursuit of commodities will be self-reinforcing: There won’t be anything to stop it. As it spills over into the everyday economy, regular people will panic and start unloading hard assets—durable goods, cars and trucks, houses—in order to get commodities, principally heating oil, gas and foodstuffs. In other words, real-world assets will not appreciate or even hold their value, when the hyperinflation comes.
This is something hyperinflationist-skeptics never quite seem to grasp: In hyperinflation, asset prices don’t skyrocket—they collapse, both nominally and in relation to consumable commodities. A $300,000 house falls to $60,000 or less, or better yet, 50 ounces of silver—because in a hyperinflationist episode, a house is worthless, whereas 50 bits of silver can actually buy you stuff you might need.
Right now, I’m guessing that sensible people who’ve read this far are dismissing me as being full of shit—or at least victim of my own imagination. These sensible people, if they deign to engage in the scenario I’ve outlined above, will argue that the government—be it the Fed or the Treasury or a combination thereof—will find a way to stem the panic in Treasuries (if there ever is one), and put a stop to hyperinflation (if such a foolish and outlandish notion ever came to pass in America).
Uh-huh: So the Government will save us, is that it? Okay, so then my question is, How?
Let’s take the Fed: How could they stop a run on Treasuries? Answer: They can’t. See, the Fed has already been shoring up Treasuries—that was their strategy in 2008—’09: Buy up toxic assets from the TBTF banks, and have them turn around and buy Treasuries instead, all the while carefully monitoring Treasuries for signs of weakness. If Treasuries now turn toxic, what’s the Fed supposed to do? Bernanke long ago ran out of ammo: He’s just waving an empty gun around. If there’s a run on Treasuries, and he starts buying them to prop them up, it’ll only give incentive to other Treasury holders to get out now while the getting’s still good. If everyone decides to get out of Treasuries, then Bernanke and the Fed can do absolutely nothing effective. They’re at the mercy of events—in fact, they have been for quite a while already. They just haven’t realized it.
Well if the Fed can’t stop this, how about the Federal government—surely they can stop this, right?
In a word, no. They certainly lack the means to prevent a run on Treasuries. And as to hyperinflation, what exactly would the Federal government do to stop it? Implement price controls? That will only give rise to a rampant black market. Put soldiers out on the street? America is too big. Squirt out more “stimulus”? Sure, pump even more currency into a rapidly hyperinflating everyday economy—right . . .
(BTW, I actually think that this last option is something the Federal government might be foolish enough to try. Some moron like Palin or Biden might well advocate this idea of helter-skelter money-printing so as to “help all hard-working Americans”. And if they carried it out, this would bring us American-made images of people using bundles of dollars to feed their chimneys. I actually don’t think that politicians are so stupid as to actually start printing money to “fight rising prices”—but hey, when it comes to stupidity, you never know how far they can go.)
In fact, the only way the Federal government might be able to ameliorate the situation is if it decided to seize control of major supermarkets and gas stations, and hand out cupon cards of some sort, for basic staples—in other words, food rationing. This might prevent riots and protect the poor, the infirm and the old—it certainly won’t change the underlying problem, which will be hyperinflation.
“This is all bloody ridiculous,” I can practically hear the hyperinflation skeptics fume. “We’re just going through what the Japanese experienced: Just like the U.S., they went into massive government stimulus—hell, they invented quantitative easing—and look what’s happened to them: Stagnation, yes—hyperinflation, no.”
That’s right: The parallels with Japan are remarkably similar—except for one key difference. Japanese sovereign debt is infinitely more stable than America’s, because in Japan, the people are savers—they own the Japanese debt. In America, the people are broke, and the Nervous Nelly banks own the debt. That’s why Japanese sovereign debt is solid, whereas American Treasuries are soap-bubble-fragile.
That’s why I think there’ll be hyperinflation in America—that bubble’s soon to pop. I’m guessing if it doesn’t happen this fall, it’ll happen next fall, without question before the end of 2011.
The question for us now—ad portas to this hyperinflationary event—is, what to do?
Neanderthal survivalists spend all their time thinking about post-Apocalypse America. The real trick, however, is to prepare for after the end of the Apocalypse.
The first thing to realize, of course, is that hyperinflation might well happen—but it will end. It won’t be a never-ending situation—America won’t end up like in some post-Apocalyptic, Mad Max: Beyond Thuderdome industrial wasteland/playground. Admittedly, that would be cool, but it’s not gonna happen—that’s just survivalist daydreams.
Instead, after a spell of hyperinflation, America will end up pretty much like it is today—only with a bad hangover. Actually, a hyperinflationist spell might be a good thing: It would finally clean out all the bad debts in the economy, the crap that the Fed and the Federal government refused to clean out when they had the chance in 2007–’09. It would break down and reset asset prices to more realistic levels—no more $12 million one-bedroom co-ops on the UES. And all in all, a hyperinflationist catastrophe might in the long run be better for the health of the U.S. economy and the morale of the American people, as opposed to a long drawn-out stagnation. Ask the Japanese if they would have preferred a couple-three really bad years, instead of Two Lost Decades, and the answer won’t be surprising. But I digress.
Like Rothschild said, “Buy when there’s blood on the streets.” The thing to do to prepare for hyperinflation would be to invest in a diversified hard-metal basket before the event—no equities, no ETF’s, no derivatives. If and when hyperinflation happens, and things get bad (and I mean really bad), take that hard-metal basket and—right in the teeth of the crisis—buy residential property, as well as equities in long-lasting industries; mining, pharma and chemicals especially, but no value-added companies, like tech, aerospace or industrials. The reason is, at the peak of hyperinflation, the most valuable assets will be dirt-cheap—especially equities—especially real estate.
I have no idea what will happen after we reach the point where $100 is no longer enough to buy a cup of coffee—but I do know that, after such a hyperinflationist period, there’ll be a “new dollar” or some such, with a few zeroes knocked off the old dollar, and things will slowly get back to a new normal. I have no idea the shape of that new normal. I wouldn’t be surprised if that new normal has a quasi or de facto dictatorship, and certainly some form of wage-and-price controls—I’d say it’s likely, but for now that’s not relevant.
What is relevant is, the current situation cannot long continue. The Global Depression we are in is being exacerbated by the very measures being used to fix it—stimulus is putting pressure on Treasuries, which are being shored up by the Fed. This obviously cannot have a happy ending. Therefore, the smart money prepares for what it believes is going to happen next.
I think we’re going to have hyperinflation. I hope I have managed to explain why. article found on : http://gonzalolira.blogspot.com/2010/08/how-hyperinflation-will-happen.html
To counter this, the U.S. government has been running massive deficits, as it seeks to prop up aggregate demand levels by way of fiscal “stimulus” spending—the classic Keynesian move, the same old prescription since donkey’s ears.
But the stimulus, apart from being slow and inefficient, has simply not been enough to offset the fall in consumer spending.
For its part, the Federal Reserve has been busy propping up all assets—including Treasuries—by way of “quantitative easing”.
The Fed is terrified of the U.S. economy falling into a deflationary death-spiral: Lack of liquidity, leading to lower prices, leading to unemployment, leading to lower consumption, leading to still lower prices, the entire economy grinding down to a halt. So the Fed has bought up assets of all kinds, in order to inject liquidity into the system, and bouy asset price levels so as to prevent this deflationary deep-freeze—and will continue to do so. After all, when your only tool is a hammer, every problem looks like a nail.
But this Fed policy—call it “money-printing”, call it “liquidity injections”, call it “asset price stabilization”—has been overwhelmed by the credit contraction. Just as the Federal government has been unable to fill in the fall in aggregate demand by way of stimulus, the Fed has expanded its balance sheet from some $900 billion in the Fall of ’08, to about $2.3 trillion today—but that additional $1.4 trillion has been no match for the loss of credit. At best, the Fed has been able to alleviate the worst effects of the deflation—it certainly has not turned the deflationary environment into anything resembling inflation.
Yields are low, unemployment up, CPI numbers are down (and under some metrics, negative)—in short, everything screams “deflation”.
Therefore, the notion of talking about hyperinflation now, in this current macro-economic environment, would seem . . . well . . . crazy. Right?
Wrong: I would argue that the next step down in this world-historical Global Depression which we are experiencing will be hyperinflation.
Most people dismiss the very notion of hyperinflation occurring in the United States as something only tin-foil hatters, gold-bugs, and Right-wing survivalists drool about. In fact, most sensible people don’t even bother arguing the issue at all—everyone knows that only fools bother arguing with a bigger fool.
A minority, though—and God bless ’em—actually do go ahead and go through the motions of talking to the crazies ranting about hyperinflation. These amiable souls diligently point out that in a deflationary environment—where commodity prices are more or less stable, there are downward pressures on wages, asset prices are falling, and credit markets are shrinking—inflation is impossible. Therefore, hyperinflation is even more impossible.
This outlook seems sensible—if we fall for the trap of thinking that hyperinflation is an extention of inflation. If we think that hyperinflation is simply inflation on steroids—inflation-plus—inflation with balls—then it would seem to be the case that, in our current deflationary economic environment, hyperinflation is not simply a long way off, but flat-out ridiculous.
But hyperinflation is not an extension or amplification of inflation. Inflation and hyperinflation are two very distinct animals. They look the same—because in both cases, the currency loses its purchasing power—but they are not the same.
Inflation is when the economy overheats: It’s when an economy’s consumables (labor and commodities) are so in-demand because of economic growth, coupled with an expansionist credit environment, that the consumables rise in price. This forces all goods and services to rise in price as well, so that producers can keep up with costs. It is essentially a demand-driven phenomena.
Hyperinflation is the loss of faith in the currency. Prices rise in a hyperinflationary environment just like in an inflationary environment, but they rise not because people want more money for their labor or for commodities, but because people are trying to get out of the currency. It’s not that they want more money—they want less of the currency: So they will pay anything for a good which is not the currency.
Right now, the U.S. government is indebted to about 100% of GDP, with a yearly fiscal deficit of about 10% of GDP, and no end in sight. For its part, the Federal Reserve is purchasing Treasuries, in order to finance the fiscal shortfall, both directly (the recently unveiled QE-lite) and indirectly (through the Too Big To Fail banks). The Fed is satisfying two objectives: One, supporting the government in its efforts to maintain aggregate demand levels, and two, supporting asset prices, and thereby prevent further deflationary erosion. The Fed is calculating that either path—increase in aggregate demand levels or increase in aggregate asset values—leads to the same thing: A recovery in the economy.
This recovery is not going to happen—that’s the news we’ve been getting as of late. Amid all this hopeful talk about “avoiding a double-dip”, it turns out that we didn’t avoid a double-dip—we never really managed to claw our way out of the first dip. No matter all the stimulus, no matter all the alphabet-soup liquidity windows over the past 2 years, the inescapable fact is that the economy has been—and is headed—down.
But both the Federal government and the Federal Reserve are hell-bent on using the same old tired tools to “fix the economy”—stimulus on the one hand, liquidity injections on the other. (See my discussion of The Deficit here.)
It’s those very fixes that are pulling us closer to the edge. Why? Because the economy is in no better shape than it was in September 2008—and both the Federal Reserve and the Federal government have shot their wad. They got nothin’ left, after trillions in stimulus and trillions more in balance sheet expansion—
—but they have accomplished one thing: They have undermined Treasuries. These policies have turned Treasuries into the spit-and-baling wire of the U.S. financial system—they are literally the only things holding the whole economy together.
In other words, Treasuries are now the New and Improved Toxic Asset. Everyone knows that they are overvalued, everyone knows their yields are absurd—yet everyone tiptoes around that truth as delicately as if it were a bomb. Which is actually what it is.
So this is how hyperinflation will happen:
One day—when nothing much is going on in the markets, but general nervousness is running like a low-grade fever (as has been the case for a while now)—there will be a commodities burp: A slight but sudden rise in the price of a necessary commodity, such as oil.
This will jiggle Treasury yields, as asset managers will reduce their Treasury allocations, and go into the pressured commodity, in order to catch a profit. (Actually it won’t even be the asset managers—it will be their programmed trades.) These asset managers will sell Treasuries because, effectively, it’s become the principal asset they have to sell.
It won’t be the volume of the sell-off that will pique Bernanke and the drones at the Fed—it will be the timing. It’ll happen right before a largish Treasury auction. So Bernanke and the Fed will buy Treasuries, in an effort to counteract the sell-off and maintain low yields—they want to maintain low yields in order to discourage deflation. But they’ll also want to keep the Treasury cheaply funded. QE-lite has already set the stage for direct Fed buys of Treasuries. The world didn’t end. So the Fed will feel confident as it moves forward and nips this Treasury yield jiggle in the bud.
The Fed’s buying of Treasuries will occur in such a way that it will encourage asset managers to dump even more Treasuries into the Fed’s waiting arms. This dumping of Treasuries won’t be out of fear, at least not initially. Most likely, in the first 15 minutes or so of this event, the sell-off in Treasuries will be orderly, and carried out with the idea (at the time) of picking up those selfsame Treasuries a bit cheaper down the line.
However, the Fed will interpret this sell-off as a run on Treasuries. The Fed is already attuned to the bond markets’ fear that there’s a “Treasury bubble”. So the Fed will open its liquidity windows, and buy up every Treasury in sight, precisely so as to maintain “asset price stability” and “calm the markets”.
The Too Big To Fail banks will play a crucial part in this game. See, the problem with the American Zombies is, they weren’t nationalized. They got the best bits of nationalization—total liquidity, suspension of accounting and regulatory rules—but they still get to act under their own volition, and in their own best interest. Hence their obscene bonuses, paid out in the teeth of their practical bankruptcy. Hence their lack of lending into the weakened economy. Hence their hoarding of bailout monies, and predatory business practices. They’ve understood that, to get that sweet bail-out money (and those yummy bonuses), they have had to play the Fed’s game and buy up Treasuries, and thereby help disguise the monetization of the fiscal debt that has been going on since the Fed began purchasing the toxic assets from their balance sheets in 2008.
But they don’t have to do what the Fed tells them, much less what the Treasury tells them. Since they weren’t really nationalized, they’re not under anyone’s thumb. They can do as they please—and they have boatloads of Treasuries on their balance sheets.
So the TBTF banks, on seeing this run on Treasuries, will add to the panic by acting in their own best interests: They will be among the first to step off Treasuries. They will be the bleeding edge of the wave.
Here the panic phase of the event begins: Asset managers—on seeing this massive Fed buy of Treasuries, and the American Zombies selling Treasuries, all of this happening within days of a largish Treasury auction—will dump their own Treasuries en masse. They will be aware how precarious the U.S. economy is, how over-indebted the government is, how U.S. Treasuries look a lot like Greek debt. They’re not stupid: Everyone is aware of the idea of a “Treasury bubble” making the rounds. A lot of people—myself included—think that the Fed, the Treasury and the American Zombies are colluding in a triangular trade in Treasury bonds, carrying out a de facto Stealth Monetization: The Treasury issues the debt to finance fiscal spending, the TBTF banks buy them, with money provided to them by the Fed.
Whether it’s true or not is actually beside the point—there is the widespread perception that that is what’s going on. In a panic, widespread perception is your trading strategy.
So when the Fed begins buying Treasuries full-blast to prop up their prices, these asset managers will all decide, “Time to get out of Dodge—now.”
Note how it will not be China or Japan who all of a sudden decide to get out of Treasuries—those two countries will actually be left holding the bag. Rather, it will be American and (depending on the time of day when the event happens) European asset managers who get out of Treasuries first. It will be a flash panic—much like the flash-crash of last May. The events I describe above will happen in a very short span of time—less than an hour, probably. But unlike the event in May, there will be no rebound.
Notice, too, that Treasuries will maintain their yields in the face of this sell-off, at least initially. Why? Because the Fed, so determined to maintain “price stability”, will at first prevent yields from widening—which is precisely why so many will decide to sell into the panic: The Bernanke Backstop won’t soothe the markets—rather, it will make it too tempting not to sell.
The first of the asset managers or TBTF banks who are out of Treasuries will look for a place to park their cash—obviously. Where will all this ready cash go?
Commodities.
By the end of that terrible day, commodites of all stripes—precious and industrial metals, oil, foodstuffs—will shoot the moon. But it will not be because ordinary citizens have lost faith in the dollar (that will happen in the days and weeks ahead)—it will happen because once Treasuries are not the sure store of value, where are all those money managers supposed to stick all these dollars? In a big old vault? Under the mattress? In euros?
Commodities: At the time of the panic, commodities will be perceived as the only sure store of value, if Treasuries are suddenly anathema to the market—just as Treasuries were perceived as the only sure store of value, once so many of the MBS’s and CMBS’s went sour in 2007 and 2008.
It won’t be commodity ETF’s, or derivatives—those will be dismissed (rightfully) as being even less safe than Treasuries. Unlike before the Fall of ’08, this go-around, people will pay attention to counterparty risk. So the run on commodities will be for actual, feel-it-’cause-it’s-there commodities. By the end of the day of this panic, commodities will have risen between 50% and 100%. By week’s end, we’re talking 150% to 250%. (My private guess is gold will be finessed, but silver will shoot up the most—to $100 an ounce within the week.)
Of course, once commodities start to balloon, that’s when ordinary citizens will get their first taste of hyperinflation. They’ll see it at the gas pumps.
If oil spikes from $74 to $150 in a day, and then to $300 in a matter of a week—perfectly possible, in the midst of a panic—the gallon of gasoline will go to, what: $10? $15? $20?
So what happens then? People—regular Main Street people—will be crazy to buy up commodities (heating oil, food, gasoline, whatever) and buy them now while they are still more-or-less affordable, rather than later, when that $15 gallon of gas shoots to $30 per gallon.
If everyone decides at roughly the same time to exchange one good—currency—for another good—commodities—what happens to the relative price of one and the relative value of the other? Easy: One soars, the other collapses.
When people freak out and begin panic-buying basic commodities, their ordinary financial assets—equities, bonds, etc.—will collapse: Everyone will be rushing to get cash, so as to turn around and buy commodities.
So immediately after the Treasury markets tank, equities will fall catastrophically, probably within the next few days following the Treasury panic. This collapse in equity prices will bring an equivalent burst in commodity prices—the second leg up, if you will.
This sell-off of assets in pursuit of commodities will be self-reinforcing: There won’t be anything to stop it. As it spills over into the everyday economy, regular people will panic and start unloading hard assets—durable goods, cars and trucks, houses—in order to get commodities, principally heating oil, gas and foodstuffs. In other words, real-world assets will not appreciate or even hold their value, when the hyperinflation comes.
This is something hyperinflationist-skeptics never quite seem to grasp: In hyperinflation, asset prices don’t skyrocket—they collapse, both nominally and in relation to consumable commodities. A $300,000 house falls to $60,000 or less, or better yet, 50 ounces of silver—because in a hyperinflationist episode, a house is worthless, whereas 50 bits of silver can actually buy you stuff you might need.
Right now, I’m guessing that sensible people who’ve read this far are dismissing me as being full of shit—or at least victim of my own imagination. These sensible people, if they deign to engage in the scenario I’ve outlined above, will argue that the government—be it the Fed or the Treasury or a combination thereof—will find a way to stem the panic in Treasuries (if there ever is one), and put a stop to hyperinflation (if such a foolish and outlandish notion ever came to pass in America).
Uh-huh: So the Government will save us, is that it? Okay, so then my question is, How?
Let’s take the Fed: How could they stop a run on Treasuries? Answer: They can’t. See, the Fed has already been shoring up Treasuries—that was their strategy in 2008—’09: Buy up toxic assets from the TBTF banks, and have them turn around and buy Treasuries instead, all the while carefully monitoring Treasuries for signs of weakness. If Treasuries now turn toxic, what’s the Fed supposed to do? Bernanke long ago ran out of ammo: He’s just waving an empty gun around. If there’s a run on Treasuries, and he starts buying them to prop them up, it’ll only give incentive to other Treasury holders to get out now while the getting’s still good. If everyone decides to get out of Treasuries, then Bernanke and the Fed can do absolutely nothing effective. They’re at the mercy of events—in fact, they have been for quite a while already. They just haven’t realized it.
Well if the Fed can’t stop this, how about the Federal government—surely they can stop this, right?
In a word, no. They certainly lack the means to prevent a run on Treasuries. And as to hyperinflation, what exactly would the Federal government do to stop it? Implement price controls? That will only give rise to a rampant black market. Put soldiers out on the street? America is too big. Squirt out more “stimulus”? Sure, pump even more currency into a rapidly hyperinflating everyday economy—right . . .
(BTW, I actually think that this last option is something the Federal government might be foolish enough to try. Some moron like Palin or Biden might well advocate this idea of helter-skelter money-printing so as to “help all hard-working Americans”. And if they carried it out, this would bring us American-made images of people using bundles of dollars to feed their chimneys. I actually don’t think that politicians are so stupid as to actually start printing money to “fight rising prices”—but hey, when it comes to stupidity, you never know how far they can go.)
In fact, the only way the Federal government might be able to ameliorate the situation is if it decided to seize control of major supermarkets and gas stations, and hand out cupon cards of some sort, for basic staples—in other words, food rationing. This might prevent riots and protect the poor, the infirm and the old—it certainly won’t change the underlying problem, which will be hyperinflation.
“This is all bloody ridiculous,” I can practically hear the hyperinflation skeptics fume. “We’re just going through what the Japanese experienced: Just like the U.S., they went into massive government stimulus—hell, they invented quantitative easing—and look what’s happened to them: Stagnation, yes—hyperinflation, no.”
That’s right: The parallels with Japan are remarkably similar—except for one key difference. Japanese sovereign debt is infinitely more stable than America’s, because in Japan, the people are savers—they own the Japanese debt. In America, the people are broke, and the Nervous Nelly banks own the debt. That’s why Japanese sovereign debt is solid, whereas American Treasuries are soap-bubble-fragile.
That’s why I think there’ll be hyperinflation in America—that bubble’s soon to pop. I’m guessing if it doesn’t happen this fall, it’ll happen next fall, without question before the end of 2011.
The question for us now—ad portas to this hyperinflationary event—is, what to do?
Neanderthal survivalists spend all their time thinking about post-Apocalypse America. The real trick, however, is to prepare for after the end of the Apocalypse.
The first thing to realize, of course, is that hyperinflation might well happen—but it will end. It won’t be a never-ending situation—America won’t end up like in some post-Apocalyptic, Mad Max: Beyond Thuderdome industrial wasteland/playground. Admittedly, that would be cool, but it’s not gonna happen—that’s just survivalist daydreams.
Instead, after a spell of hyperinflation, America will end up pretty much like it is today—only with a bad hangover. Actually, a hyperinflationist spell might be a good thing: It would finally clean out all the bad debts in the economy, the crap that the Fed and the Federal government refused to clean out when they had the chance in 2007–’09. It would break down and reset asset prices to more realistic levels—no more $12 million one-bedroom co-ops on the UES. And all in all, a hyperinflationist catastrophe might in the long run be better for the health of the U.S. economy and the morale of the American people, as opposed to a long drawn-out stagnation. Ask the Japanese if they would have preferred a couple-three really bad years, instead of Two Lost Decades, and the answer won’t be surprising. But I digress.
Like Rothschild said, “Buy when there’s blood on the streets.” The thing to do to prepare for hyperinflation would be to invest in a diversified hard-metal basket before the event—no equities, no ETF’s, no derivatives. If and when hyperinflation happens, and things get bad (and I mean really bad), take that hard-metal basket and—right in the teeth of the crisis—buy residential property, as well as equities in long-lasting industries; mining, pharma and chemicals especially, but no value-added companies, like tech, aerospace or industrials. The reason is, at the peak of hyperinflation, the most valuable assets will be dirt-cheap—especially equities—especially real estate.
I have no idea what will happen after we reach the point where $100 is no longer enough to buy a cup of coffee—but I do know that, after such a hyperinflationist period, there’ll be a “new dollar” or some such, with a few zeroes knocked off the old dollar, and things will slowly get back to a new normal. I have no idea the shape of that new normal. I wouldn’t be surprised if that new normal has a quasi or de facto dictatorship, and certainly some form of wage-and-price controls—I’d say it’s likely, but for now that’s not relevant.
What is relevant is, the current situation cannot long continue. The Global Depression we are in is being exacerbated by the very measures being used to fix it—stimulus is putting pressure on Treasuries, which are being shored up by the Fed. This obviously cannot have a happy ending. Therefore, the smart money prepares for what it believes is going to happen next.
I think we’re going to have hyperinflation. I hope I have managed to explain why. article found on : http://gonzalolira.blogspot.com/2010/08/how-hyperinflation-will-happen.html
June 14, 2010
They Are ITCHING To Declare Martial Law
Executive orders enacted since Obama became president. The scariest one, I think, is the establishment of the 'council of ten state governors' -whose sole purpose is to monitor ongoing developments in a martial law scenario. Again, "what do they know"? Read about it here: http://www.prisonplanet.com/obama-executive-order-stokes-martial-law-fears.html
Please check out this website to learn about thte draconian machine being put into place: http://www.newswithviews.com/Devvy/kidd479.htm
With the stroke of a pen, the president can declare martial law anytime he/she wants to. Before you pooh-pooh this off as conspiratorial nonsense, I suggest you read this entire posting. I noted Henry Kissinger's candid thoughts about Americans' willing acceptance of martial law in my last post.:
"Today, America would be outraged if U.N. troops entered Los Angeles to restore order [referring to the 1991 LA Riot]. Tomorrow they will be grateful! This is especially true if they were told that there were an outside threat from beyond,
whether real or *promulgated* [emphasis mine], that threatened our very existence. It is then that all peoples of the world will plead to deliver them from this evil. The one thing every man fears is the unknown. When presented with this *scenario*, individual rights will be willingly relinquished for the guarantee of their well-being granted to them by the World Government."
-Dr. Henry Kissinger, Bilderberger Conference, Evians, France, 1991
What is coming to our country has been long in the making. But now we are seeing the first-fruits of the new world order coming to bear. Economic collapse, riots, food shortages, staged terror, chaos, and war. It is all coming to pass. We've seen it in Greece, Thailand, Kyrgyzstan, Hungary, Spain, Ireland, Iceland, food shorages in the last 2 years in Egypt and India; and it is all marching on to developed western nations, and it isn't going to be neat orderly. The current economic and financial structure is being dismantled for the sake of global governance. The war against private gun ownership in this country has been long and arduous,but the enemies of the second amendment have dealt the American people a huge blow recently with the signing by our secretary of state Hillary Clinton of the U.N. small arms treaty, which, by U.S. law, is legally binding to all citizens (by law, an international treaty supercedes any current laws on the books, and is not subject to a vote by the house or the senate to become law). In order for it's success, world government needs the disarmament of all citizens around the world. Because anyone with a gun is a potential threat to the oligarchs' power.
Brad Sherman confesses members of congress were threatened with martial law if they didn't pass the TARP bill:
since the original article was written in the Army Times, the language about 'civil unrest' was taken out of the article....
In the 1980's a program known as 'REX 84' was developed by the pentagon. It is known as the 'continuity f government program'. At the time, it was (and still is) highly secretive. Here is a clip of Oliver North being questioned about it, look
how uncomfortable he gets when asked to talk about it.:
They. The powers that be, the government, the elite. For the sake of simplicity, I am just going to say 'they'. They knew a long time ago that the economy was going to collapse. There has been a slow readying going on for a long time now. This is what the Army Times had to say in the summer of 2008:
Brigade homeland tours start Oct. 1
3rd Infantry’s 1st BCT trains for a new dwell-time mission. Helping ‘people at home’ may become a permanent part of the active Army
By Gina Cavallaro - Staff writer
Posted : Tuesday Sep 30, 2008 16:16:12 EDT
The 3rd Infantry Division’s 1st Brigade Combat Team has spent 35 of the last 60 months in Iraq patrolling in full battle rattle, helping restore essential services and escorting supply convoys.
Now they’re training for the same mission — with a twist — at home.
Beginning Oct. 1 for 12 months, the 1st BCT will be under the day-to-day control of U.S. Army North, the Army service component of Northern Command, as an on-call federal response force for natural or manmade emergencies and disasters, including terrorist attacks.
It is not the first time an active-duty unit has been tapped to help at home. In August 2005, for example, when Hurricane Katrina unleashed hell in Mississippi and Louisiana, several active-duty units were pulled from various posts and mobilized to those areas.
But this new mission marks the first time an active unit has been given a dedicated assignment to NorthCom, a joint command established in 2002 to provide command and control for federal homeland defense efforts and coordinate defense support of civil authorities.
you can read the rest of this article here:
http://www.armytimes.com/news/2008/09/army_homeland_090708w/
Now look at the military preparations that are being made for 'admitted engagements on American soil'!
USNORTHCOM Gears Up For Potential Attack On U.S. Soil
Shepard Ambellas
Intel Hub
June 9, 2010
USNORTHCOM admits that they are preparing military operations within the United States. This is the first time in history this has been done. They will be working with DHS, state and local law enforcement on U.S. soil.
The focus of this operation will be in our back yard. This ORI is planning on defending against enemy attacks, supporting civilian authorities with fighting an unconventional foe in the U.S.
NORTHCOM went on to say that the drill will be in the Gulf area. They antcicipate no infulstructure and extreme weather conditions.
“Even more significant, this inspection marked the first time that any Air Force unit has been wartime validated in support of the security and defense of the United States of America. That’s huge,” Nelson said.
The survival of thousand Americans rests on this training they went on to say.
The Intel Hub believes they are preparing for a major biological attack or false flag. We will keep you posted. This could be part of Operation Garden Plot. This could be why there is a hardened troop build up in the Gulf.
Units make history with Air Force’s first homeland defense ORI
Please read the rest of this article here:
Shepard Ambellas
Intel Hub
June 9, 2010
USNORTHCOM admits that they are preparing military operations within the United States. This is the first time in history this has been done. They will be working with DHS, state and local law enforcement on U.S. soil.
The focus of this operation will be in our back yard. This ORI is planning on defending against enemy attacks, supporting civilian authorities with fighting an unconventional foe in the U.S.
NORTHCOM went on to say that the drill will be in the Gulf area. They antcicipate no infulstructure and extreme weather conditions.
“Even more significant, this inspection marked the first time that any Air Force unit has been wartime validated in support of the security and defense of the United States of America. That’s huge,” Nelson said.
The survival of thousand Americans rests on this training they went on to say.
The Intel Hub believes they are preparing for a major biological attack or false flag. We will keep you posted. This could be part of Operation Garden Plot. This could be why there is a hardened troop build up in the Gulf.
Units make history with Air Force’s first homeland defense ORI
Please read the rest of this article here:
http://www.infowars.com/usnorthcom-gears-up-for-potential-attack-on-u-s-soil/
The media is even being used to introduce possible martial law scenarios to American citizens in this MTV commercial:
If ever a scenario existed for the declaration of martial law, it is developing right now along the U.S. Gulf Coast.....
Please check out this website to learn about thte draconian machine being put into place: http://www.newswithviews.com/Devvy/kidd479.htm
With the stroke of a pen, the president can declare martial law anytime he/she wants to. Before you pooh-pooh this off as conspiratorial nonsense, I suggest you read this entire posting. I noted Henry Kissinger's candid thoughts about Americans' willing acceptance of martial law in my last post.:
"Today, America would be outraged if U.N. troops entered Los Angeles to restore order [referring to the 1991 LA Riot]. Tomorrow they will be grateful! This is especially true if they were told that there were an outside threat from beyond,
whether real or *promulgated* [emphasis mine], that threatened our very existence. It is then that all peoples of the world will plead to deliver them from this evil. The one thing every man fears is the unknown. When presented with this *scenario*, individual rights will be willingly relinquished for the guarantee of their well-being granted to them by the World Government."
-Dr. Henry Kissinger, Bilderberger Conference, Evians, France, 1991
What is coming to our country has been long in the making. But now we are seeing the first-fruits of the new world order coming to bear. Economic collapse, riots, food shortages, staged terror, chaos, and war. It is all coming to pass. We've seen it in Greece, Thailand, Kyrgyzstan, Hungary, Spain, Ireland, Iceland, food shorages in the last 2 years in Egypt and India; and it is all marching on to developed western nations, and it isn't going to be neat orderly. The current economic and financial structure is being dismantled for the sake of global governance. The war against private gun ownership in this country has been long and arduous,but the enemies of the second amendment have dealt the American people a huge blow recently with the signing by our secretary of state Hillary Clinton of the U.N. small arms treaty, which, by U.S. law, is legally binding to all citizens (by law, an international treaty supercedes any current laws on the books, and is not subject to a vote by the house or the senate to become law). In order for it's success, world government needs the disarmament of all citizens around the world. Because anyone with a gun is a potential threat to the oligarchs' power.
Brad Sherman confesses members of congress were threatened with martial law if they didn't pass the TARP bill:
since the original article was written in the Army Times, the language about 'civil unrest' was taken out of the article....
In the 1980's a program known as 'REX 84' was developed by the pentagon. It is known as the 'continuity f government program'. At the time, it was (and still is) highly secretive. Here is a clip of Oliver North being questioned about it, look
how uncomfortable he gets when asked to talk about it.:
They. The powers that be, the government, the elite. For the sake of simplicity, I am just going to say 'they'. They knew a long time ago that the economy was going to collapse. There has been a slow readying going on for a long time now. This is what the Army Times had to say in the summer of 2008:
Brigade homeland tours start Oct. 1
3rd Infantry’s 1st BCT trains for a new dwell-time mission. Helping ‘people at home’ may become a permanent part of the active Army
By Gina Cavallaro - Staff writer
Posted : Tuesday Sep 30, 2008 16:16:12 EDT
The 3rd Infantry Division’s 1st Brigade Combat Team has spent 35 of the last 60 months in Iraq patrolling in full battle rattle, helping restore essential services and escorting supply convoys.
Now they’re training for the same mission — with a twist — at home.
Beginning Oct. 1 for 12 months, the 1st BCT will be under the day-to-day control of U.S. Army North, the Army service component of Northern Command, as an on-call federal response force for natural or manmade emergencies and disasters, including terrorist attacks.
It is not the first time an active-duty unit has been tapped to help at home. In August 2005, for example, when Hurricane Katrina unleashed hell in Mississippi and Louisiana, several active-duty units were pulled from various posts and mobilized to those areas.
But this new mission marks the first time an active unit has been given a dedicated assignment to NorthCom, a joint command established in 2002 to provide command and control for federal homeland defense efforts and coordinate defense support of civil authorities.
you can read the rest of this article here:
http://www.armytimes.com/news/2008/09/army_homeland_090708w/
Now look at the military preparations that are being made for 'admitted engagements on American soil'!
USNORTHCOM Gears Up For Potential Attack On U.S. Soil
Shepard Ambellas
Intel Hub
June 9, 2010
USNORTHCOM admits that they are preparing military operations within the United States. This is the first time in history this has been done. They will be working with DHS, state and local law enforcement on U.S. soil.
The focus of this operation will be in our back yard. This ORI is planning on defending against enemy attacks, supporting civilian authorities with fighting an unconventional foe in the U.S.
NORTHCOM went on to say that the drill will be in the Gulf area. They antcicipate no infulstructure and extreme weather conditions.
“Even more significant, this inspection marked the first time that any Air Force unit has been wartime validated in support of the security and defense of the United States of America. That’s huge,” Nelson said.
The survival of thousand Americans rests on this training they went on to say.
The Intel Hub believes they are preparing for a major biological attack or false flag. We will keep you posted. This could be part of Operation Garden Plot. This could be why there is a hardened troop build up in the Gulf.
Units make history with Air Force’s first homeland defense ORI
Please read the rest of this article here:
Shepard Ambellas
Intel Hub
June 9, 2010
USNORTHCOM admits that they are preparing military operations within the United States. This is the first time in history this has been done. They will be working with DHS, state and local law enforcement on U.S. soil.
The focus of this operation will be in our back yard. This ORI is planning on defending against enemy attacks, supporting civilian authorities with fighting an unconventional foe in the U.S.
NORTHCOM went on to say that the drill will be in the Gulf area. They antcicipate no infulstructure and extreme weather conditions.
“Even more significant, this inspection marked the first time that any Air Force unit has been wartime validated in support of the security and defense of the United States of America. That’s huge,” Nelson said.
The survival of thousand Americans rests on this training they went on to say.
The Intel Hub believes they are preparing for a major biological attack or false flag. We will keep you posted. This could be part of Operation Garden Plot. This could be why there is a hardened troop build up in the Gulf.
Units make history with Air Force’s first homeland defense ORI
Please read the rest of this article here:
http://www.infowars.com/usnorthcom-gears-up-for-potential-attack-on-u-s-soil/
The media is even being used to introduce possible martial law scenarios to American citizens in this MTV commercial:
If ever a scenario existed for the declaration of martial law, it is developing right now along the U.S. Gulf Coast.....
June 5, 2010
*ARTIFICIAL* Crisis Creation
"Never let a crisis go to waste. What I mean by that is that it's in opportunity to do things that you normally wouldn't be able to do"
-Rahm Emmanuel 2009
"We are not going to achieve a new world order without paying for it in blood as well as in words and money."
-Arthur Schlesinger, Jr., in Foreign Affairs (July/August 1995)
"Today, America would be outraged if U.N. troops entered Los Angeles to restore order [referring to the 1991 LA Riot]. Tomorrow they will be grateful! This is especially true if they were told that there were an outside threat from beyond,
whether real or *promulgated* [emphasis mine], that threatened our very existence. It is then that all peoples of the world will plead to deliver them from this evil. The one thing every man fears is the unknown. When presented with this *scenario*, individual rights will be willingly relinquished for the guarantee of their well-being granted to them by the World Government."
-Dr. Henry Kissinger, Bilderberger Conference, Evians, France, 1991
The three quotes given above, I hope demonstrate the extent globalists are willing to go to in pursuit of their world government. If you think I am talking out of my ass by accusing these people of committing (and planning to commit terrible offenses), please read what I have to say here. I created this blog for a good reason, to warn and educate people. The people whom I've quoted above have damn good reason to say what they said, otherwise they wouldn't have said what they said. If you think it's nothing more than hyperbole and rhetorical flourish, you're wrong.
So, what are the 'crises' we're referring to here? There's a whole list of them. Let's start with global warming. I'm not going to debate whether or not it's happening. It probably is, and if so, this is *NOT* the first time it's happened! Many climate experts throughout the world have uncovered a plethora of evidence showing that there have been mamy 'warming' and 'cooling' cycles in the last 20,000 years. So any attempt now to prove that the current warming trend anything more than just one of earth's normal cycles becomes very difficult. So far, no scientist has been able to unquestionablly prove that that's the case. Oh the scientists on the U.N.'s payroll tried to, but their 'science' was exposed as fraudulent, full of manipulated data last November (Climategate). So with their agenda blown wide open, the U.N. was unable to get the support from the various member countries it needed to enact it's 'global carbon tax' that would be paid to a new 'world bank'. All of this is now out in the open. It's not a conspiracy theory if it's a fact.
Moving right along, the quote made by Rahm Emmanuel, I believe was made in reference to the financial crisis (but who really knows, and does it really matter in the end). I've already covered in this blog how the financial crisis was created through the use of derivatives by the big banks. What a useful tool the financial crisis has become for the globalists to intoruce us to the concept of a 'global bank' and the concept of 'world currency'! How convenient. Right now they are in the process of figuring out how to bring down the current financial system in a 'controlled fashion' with a minimal amount of social disorder. This was the agenda talking points of the 2009 Bilderberg conference, so again, it's out in the open so it's not a conspiracy theory if it's a fact.
Project For A New American Century stated in a September 2000 document (PNAC) that "te process of transformation is likely to be a long one, absent some satastrophic and catalyzing event like a new pearl harbor" What the hell? Why not just let happen whatever is going to happen and go from there? Que cera cera... I guess not. These bastards have got an awful lot of nerve. And apparently an agenda, to boot. Since at the time of the article (2000) there was no 'huge event' yet, U.S. foreign policy would have to be put on the back burner for a while longer. But not too much longer, because in September of 2001 as we all know, New York City was viciously and maliciously attacked by 19 middle eastern hijackers, some of whom, admittedly had CIA training... I'm not going to get into the whole 9/11 conspiracy theory thing right here, but I think I've made my point. Woila! Whether it was an inside job or not, U.S.' foreign policy had been 'catalyzed' as of September 11, 2001, just as the boys at the Council on Foreign Relations (whose stated goal is the introduction of world governmet - it says so in their own internal documents) were wishing for.
So, I have written about three crises in this blog post all of which were exploited to varying degrees, and you must admit, have rather helped along an agenda, wouldn't you say?
-Rahm Emmanuel 2009
"We are not going to achieve a new world order without paying for it in blood as well as in words and money."
-Arthur Schlesinger, Jr., in Foreign Affairs (July/August 1995)
"Today, America would be outraged if U.N. troops entered Los Angeles to restore order [referring to the 1991 LA Riot]. Tomorrow they will be grateful! This is especially true if they were told that there were an outside threat from beyond,
whether real or *promulgated* [emphasis mine], that threatened our very existence. It is then that all peoples of the world will plead to deliver them from this evil. The one thing every man fears is the unknown. When presented with this *scenario*, individual rights will be willingly relinquished for the guarantee of their well-being granted to them by the World Government."
-Dr. Henry Kissinger, Bilderberger Conference, Evians, France, 1991
The three quotes given above, I hope demonstrate the extent globalists are willing to go to in pursuit of their world government. If you think I am talking out of my ass by accusing these people of committing (and planning to commit terrible offenses), please read what I have to say here. I created this blog for a good reason, to warn and educate people. The people whom I've quoted above have damn good reason to say what they said, otherwise they wouldn't have said what they said. If you think it's nothing more than hyperbole and rhetorical flourish, you're wrong.
So, what are the 'crises' we're referring to here? There's a whole list of them. Let's start with global warming. I'm not going to debate whether or not it's happening. It probably is, and if so, this is *NOT* the first time it's happened! Many climate experts throughout the world have uncovered a plethora of evidence showing that there have been mamy 'warming' and 'cooling' cycles in the last 20,000 years. So any attempt now to prove that the current warming trend anything more than just one of earth's normal cycles becomes very difficult. So far, no scientist has been able to unquestionablly prove that that's the case. Oh the scientists on the U.N.'s payroll tried to, but their 'science' was exposed as fraudulent, full of manipulated data last November (Climategate). So with their agenda blown wide open, the U.N. was unable to get the support from the various member countries it needed to enact it's 'global carbon tax' that would be paid to a new 'world bank'. All of this is now out in the open. It's not a conspiracy theory if it's a fact.
Moving right along, the quote made by Rahm Emmanuel, I believe was made in reference to the financial crisis (but who really knows, and does it really matter in the end). I've already covered in this blog how the financial crisis was created through the use of derivatives by the big banks. What a useful tool the financial crisis has become for the globalists to intoruce us to the concept of a 'global bank' and the concept of 'world currency'! How convenient. Right now they are in the process of figuring out how to bring down the current financial system in a 'controlled fashion' with a minimal amount of social disorder. This was the agenda talking points of the 2009 Bilderberg conference, so again, it's out in the open so it's not a conspiracy theory if it's a fact.
Project For A New American Century stated in a September 2000 document (PNAC) that "te process of transformation is likely to be a long one, absent some satastrophic and catalyzing event like a new pearl harbor" What the hell? Why not just let happen whatever is going to happen and go from there? Que cera cera... I guess not. These bastards have got an awful lot of nerve. And apparently an agenda, to boot. Since at the time of the article (2000) there was no 'huge event' yet, U.S. foreign policy would have to be put on the back burner for a while longer. But not too much longer, because in September of 2001 as we all know, New York City was viciously and maliciously attacked by 19 middle eastern hijackers, some of whom, admittedly had CIA training... I'm not going to get into the whole 9/11 conspiracy theory thing right here, but I think I've made my point. Woila! Whether it was an inside job or not, U.S.' foreign policy had been 'catalyzed' as of September 11, 2001, just as the boys at the Council on Foreign Relations (whose stated goal is the introduction of world governmet - it says so in their own internal documents) were wishing for.
So, I have written about three crises in this blog post all of which were exploited to varying degrees, and you must admit, have rather helped along an agenda, wouldn't you say?
June 2, 2010
What Do They Know -That You Don't ?
There is something in the air. Something ominous. People in the know in government, banking, law enforcement, and many world leaders seem to know this. They are being pretty tight-lipped about it. But they are quietly preparing for whatever 'it' is....
All we know are the various newspaper headlines calmly telling us that major hedge funds are selling & buying gold, the Chinese are buying gold, India is buying mass quantities of gold -Why? What do they know that they are not telling us?
The Rothschilds are piling into gold
http://www.citywire.co.uk/personal/-/news/money-property-and-tax/content.aspx?ID=403536
IRAN Dumping 45 billion euros for gold
http://www.prisonplanet.com/iran-to-dump-45-billion-euros-for-gold-bullion-dollars.html
Many World Leaders Resigning..Why?
29 May 2010: Nepalese Prime Minister Madav Kumar Nepal
[link to www.dawn.com]
31 May 2010: German President Horst Koehler
[link to news.bbc.co.uk]
1 June 2010: Japanese Prime Minister Yukio Hatoyama
[link to www.reuters.com]
Deposed Kyrgyzstan President Bakiyev Leaves Country, Resigns
[link to www.novinite.com]
Brown resigns as UK prime minister
[link to www.nation.co.ke]
Italy's Prime Minister Resigns over Foreign Policy
[link to www.npr.org]
Chad Prime Minister Resigns -
05 Mar 2010 11:56:50 GMT
Source: Reuters
Belgian Prime Minister resigns
Thu, 22 Apr 2010 14:43:58 GMT
[link to www.presstv.ir
Police chiefs resigning around the country
Does anyone find this weird? This report was dated on Feb.7th, 2010. What are your thoughts about this?
1. Gaithersburg, MD Gaithersburg Police Chief John King resigned with little explanation last week, leaving his colleagues and community members wondering what happened.
2. Guttenberg, IA Police Chief Resigns After Seven Months on the Job, no reason
3. Harrisburg, PA - Richard Pickles retires after serving a month as Harrisburg police chief
4. Culpeper, VA When Scott Barlow announced two weeks ago he would step down from his job as chief of police with the town of Culpeper, it caught a lot of people off guard, including us.
5. Carbondale, IL - Police Chief Resigns, no reason given
6. Austin, MN - Several Austin City Council members said they were "shocked" by Austin Police Chief Paul Philipp's resignation Tuesday morning.
7. Jonesboro, GA - The City of Jonesboro’s new police chief has resigned, five weeks after being named to the top job.
8. Manassas, VA - found this quote: "I hope the Chief enjoys his retirement. Between his service in the Secret Service, Fairfax and Manassas, he’s earned it."
9. West Covina, CA - Tolich, a 21-year veteran of the force, retired nine years before he was eligible for full retirement benefits, Finance Director Thomas Bachman said.
In an email Tolich sent to members of the department, he tells fellow officers that a personal matter involving him and his family led to the sudden departure.
These were either benign stories or little info given. (Bearing in mind that a seasoned cop could probably make a pretty believable alibi for leaving.)
10. Oroville, CA
11. Burlington City, PA
12POLICE CHIEFS RESIGNING!!
. Bellmead, TX
13. Bridgeport, WV
14. Gaston, ID
15. Meigs, GA
16. Independence, LA
17. Miami, FL
18. Britt, IA
19. Nickerson, KS
20. New Holland, PA
21. Navarre, OH
22. Glocester, RI
23. Lithonia, GA
24. Harrison, NY
25. Huntsville, AL
26. Moose Lake, MN
27. Boxborough, MA
28. Sutton, WV
29. Itta Bena, MS
30. St. Cloud, FL
31. Menomonie, WI
32. Fanwood, NJ
33. Morton's Gap, KY
34. New Haven, CT
35. Guttenberg, IA
36. South Amboy, NJ
37. Santa Cruz, CA
38. Bakersfield, CA
39. South Pasadena, CA
40. Tulsa, OK
41. Hastings, MN
42. Stamford, CT
43. Dallas, TX
44. Somerville, MA
45. Greensboro, NC
46. Avon, CO
47. Benton, IL
48. Nogales, AZ
49. West Tisbury, MA
50. Gainesville, GA
51. Anniston, AL
52. West Richland, WA
53. Watford City, ND
54. Ponce Inlet, FL
55. Clearwater, FL
56. Monmouth, ME
57. Brookfield, IL
58. Ludowici, GA
59. Orland, CA
60. Springfield, NJ
61. Holt, MO
62. Brookneal, VA
63. Chesterton, IN
64. Edina, MN
65. Birmingham, MI
66. Montebello, CA
67. Vonore, TN
68. Ventnor, NJ
69. New Hartford, NY
70. Kennedy, AL
List of CEOs' and CFOs' resigning -en masse, WHY?
1. Sun Microsystems-- CEO J Schwartz 1/28/2010
2. Royal Bank of Scotland – 12/6/2009 -- 1000 bankers quit and went to rival banks for more pay/bonuses
[link to business.timesonline.co.uk]
3. Bank Leumi of Israel – 1/24/2010 Chairman quit to “do other things”
4. Lenovo – 2/5/10 CEO quit after the outfit announced a $96.7 million quarterly loss
5. Wellpoint (on March 1) Chairman to retire, CEO takes place.
6. Ingersoll-Rand – 2/10/2010 CEO retires
7. Gasco – 2.1.2010 Mark Erickson Resigns as CEO, President and Director
8. Syntel --- 02/02.2010 Syntel CEO resigns; company names director as CEO
9. Motion Picture Television Fund – 02/03/2010-- Dr. David Tillman has resigned as president and CEO
10. GrainCorp – 01/28/2010 -- IN A SHOCK move GrainCorp managing director Mark Irwin has suddenly resigned from the company.
11. Connaught Plc – 01/29/2010 -- CEO Mark Davies Plans To Leave At End Of Current Financial Year - Quick Facts
12. Netplay TV – 1/29/2010 Finance Director Halverson Resigns Due To Head Office Relocation
13. AgResearch – 2/4/2010 Chief Andrew West today announced his intention to resign as chief executive of state-owned science company AgResearch Ltd, with effect from June 30.
14. Zain Telecom – 2/3/2010 -- chief executive officer of Kuwait's Zain telecom giant, Saad al-Barrak, has resigned, the company said in a statement posted on the Kuwait Stock Exchange website on Wednesday.
The statement said Barrak has submitted his resignation to the board of directors, which will meet to consider it. No reason was given for the surprising move.
15. Ethan Allen Institute – 2/3/2010 ... Rick Bornemann, selected in August as president of the Ethan Allen Institutein Vermont, stepped down for personal reasons
16. Fahrney-Keedy Home & Village -- Jan 18, 2010 ... Jay Shell, president and CEO of Fahrney-Keedy Home & Village for the past five years, resigned effective Jan. 15
17. Nordzucker -- Jan 29, 2010 ... The chief executive of German sugar refiner Nordzucker has resigned from his post as a result of "differences of opinion"
18. France Telecom – CEO resigns 02/02/2010
19. TransWorld Entertainment -- ( February 3, 2010 ) Trans World Entertainment announced Wednesday that Jim Litwak, president and COO, has resigned, effective Feb. 16.
20. Parlux -- Jan 29, 2010 ... Neil J. Katz resigned Tuesday as chairman and chief executive officer ofParlux Fragrances Inc. because of differences with the board
21. Medical Developments International Ltd – 02/02/2010 Medical Developments International Ltd advised that Chris Rossidis has resigned as chief executive officer.
22. PBR (on March 1) CEO effective March 1 to accept a leadership position with the IRL
23. Aeropostale -- Feb 4, 2010 ... BRIEF-Aeropostale CEO to resign
24. Cook Islands Tourism -- Jan 20, 2010 ... RAROTONGA, Cook Islands ---- Cook Islands Tourism chief executive John Dean handed in his resignation last week
25. Uranium International Corp DENVER, Jan. 29 /PRNewswire-FirstCall/ -- Uranium International Corp. (“Uranium International”) (OTC Bulletin Board: URNI) has accepted the resignation of Marek J. Kreczmer as CEO and a member of the board effective January 28, 2010
MUST READ: http://theintelhub.com/2010/06/09/usnorthcom-gears-up-for-potential-attack-on-u-s-soil/
All we know are the various newspaper headlines calmly telling us that major hedge funds are selling & buying gold, the Chinese are buying gold, India is buying mass quantities of gold -Why? What do they know that they are not telling us?
The Rothschilds are piling into gold
http://www.citywire.co.uk/personal/-/news/money-property-and-tax/content.aspx?ID=403536
IRAN Dumping 45 billion euros for gold
http://www.prisonplanet.com/iran-to-dump-45-billion-euros-for-gold-bullion-dollars.html
Many World Leaders Resigning..Why?
29 May 2010: Nepalese Prime Minister Madav Kumar Nepal
[link to www.dawn.com]
31 May 2010: German President Horst Koehler
[link to news.bbc.co.uk]
1 June 2010: Japanese Prime Minister Yukio Hatoyama
[link to www.reuters.com]
Deposed Kyrgyzstan President Bakiyev Leaves Country, Resigns
[link to www.novinite.com]
Brown resigns as UK prime minister
[link to www.nation.co.ke]
Italy's Prime Minister Resigns over Foreign Policy
[link to www.npr.org]
Chad Prime Minister Resigns -
05 Mar 2010 11:56:50 GMT
Source: Reuters
Belgian Prime Minister resigns
Thu, 22 Apr 2010 14:43:58 GMT
[link to www.presstv.ir
Police chiefs resigning around the country
Does anyone find this weird? This report was dated on Feb.7th, 2010. What are your thoughts about this?
1. Gaithersburg, MD Gaithersburg Police Chief John King resigned with little explanation last week, leaving his colleagues and community members wondering what happened.
2. Guttenberg, IA Police Chief Resigns After Seven Months on the Job, no reason
3. Harrisburg, PA - Richard Pickles retires after serving a month as Harrisburg police chief
4. Culpeper, VA When Scott Barlow announced two weeks ago he would step down from his job as chief of police with the town of Culpeper, it caught a lot of people off guard, including us.
5. Carbondale, IL - Police Chief Resigns, no reason given
6. Austin, MN - Several Austin City Council members said they were "shocked" by Austin Police Chief Paul Philipp's resignation Tuesday morning.
7. Jonesboro, GA - The City of Jonesboro’s new police chief has resigned, five weeks after being named to the top job.
8. Manassas, VA - found this quote: "I hope the Chief enjoys his retirement. Between his service in the Secret Service, Fairfax and Manassas, he’s earned it."
9. West Covina, CA - Tolich, a 21-year veteran of the force, retired nine years before he was eligible for full retirement benefits, Finance Director Thomas Bachman said.
In an email Tolich sent to members of the department, he tells fellow officers that a personal matter involving him and his family led to the sudden departure.
These were either benign stories or little info given. (Bearing in mind that a seasoned cop could probably make a pretty believable alibi for leaving.)
10. Oroville, CA
11. Burlington City, PA
12POLICE CHIEFS RESIGNING!!
. Bellmead, TX
13. Bridgeport, WV
14. Gaston, ID
15. Meigs, GA
16. Independence, LA
17. Miami, FL
18. Britt, IA
19. Nickerson, KS
20. New Holland, PA
21. Navarre, OH
22. Glocester, RI
23. Lithonia, GA
24. Harrison, NY
25. Huntsville, AL
26. Moose Lake, MN
27. Boxborough, MA
28. Sutton, WV
29. Itta Bena, MS
30. St. Cloud, FL
31. Menomonie, WI
32. Fanwood, NJ
33. Morton's Gap, KY
34. New Haven, CT
35. Guttenberg, IA
36. South Amboy, NJ
37. Santa Cruz, CA
38. Bakersfield, CA
39. South Pasadena, CA
40. Tulsa, OK
41. Hastings, MN
42. Stamford, CT
43. Dallas, TX
44. Somerville, MA
45. Greensboro, NC
46. Avon, CO
47. Benton, IL
48. Nogales, AZ
49. West Tisbury, MA
50. Gainesville, GA
51. Anniston, AL
52. West Richland, WA
53. Watford City, ND
54. Ponce Inlet, FL
55. Clearwater, FL
56. Monmouth, ME
57. Brookfield, IL
58. Ludowici, GA
59. Orland, CA
60. Springfield, NJ
61. Holt, MO
62. Brookneal, VA
63. Chesterton, IN
64. Edina, MN
65. Birmingham, MI
66. Montebello, CA
67. Vonore, TN
68. Ventnor, NJ
69. New Hartford, NY
70. Kennedy, AL
List of CEOs' and CFOs' resigning -en masse, WHY?
1. Sun Microsystems-- CEO J Schwartz 1/28/2010
2. Royal Bank of Scotland – 12/6/2009 -- 1000 bankers quit and went to rival banks for more pay/bonuses
[link to business.timesonline.co.uk]
3. Bank Leumi of Israel – 1/24/2010 Chairman quit to “do other things”
4. Lenovo – 2/5/10 CEO quit after the outfit announced a $96.7 million quarterly loss
5. Wellpoint (on March 1) Chairman to retire, CEO takes place.
6. Ingersoll-Rand – 2/10/2010 CEO retires
7. Gasco – 2.1.2010 Mark Erickson Resigns as CEO, President and Director
8. Syntel --- 02/02.2010 Syntel CEO resigns; company names director as CEO
9. Motion Picture Television Fund – 02/03/2010-- Dr. David Tillman has resigned as president and CEO
10. GrainCorp – 01/28/2010 -- IN A SHOCK move GrainCorp managing director Mark Irwin has suddenly resigned from the company.
11. Connaught Plc – 01/29/2010 -- CEO Mark Davies Plans To Leave At End Of Current Financial Year - Quick Facts
12. Netplay TV – 1/29/2010 Finance Director Halverson Resigns Due To Head Office Relocation
13. AgResearch – 2/4/2010 Chief Andrew West today announced his intention to resign as chief executive of state-owned science company AgResearch Ltd, with effect from June 30.
14. Zain Telecom – 2/3/2010 -- chief executive officer of Kuwait's Zain telecom giant, Saad al-Barrak, has resigned, the company said in a statement posted on the Kuwait Stock Exchange website on Wednesday.
The statement said Barrak has submitted his resignation to the board of directors, which will meet to consider it. No reason was given for the surprising move.
15. Ethan Allen Institute – 2/3/2010 ... Rick Bornemann, selected in August as president of the Ethan Allen Institutein Vermont, stepped down for personal reasons
16. Fahrney-Keedy Home & Village -- Jan 18, 2010 ... Jay Shell, president and CEO of Fahrney-Keedy Home & Village for the past five years, resigned effective Jan. 15
17. Nordzucker -- Jan 29, 2010 ... The chief executive of German sugar refiner Nordzucker has resigned from his post as a result of "differences of opinion"
18. France Telecom – CEO resigns 02/02/2010
19. TransWorld Entertainment -- ( February 3, 2010 ) Trans World Entertainment announced Wednesday that Jim Litwak, president and COO, has resigned, effective Feb. 16.
20. Parlux -- Jan 29, 2010 ... Neil J. Katz resigned Tuesday as chairman and chief executive officer ofParlux Fragrances Inc. because of differences with the board
21. Medical Developments International Ltd – 02/02/2010 Medical Developments International Ltd advised that Chris Rossidis has resigned as chief executive officer.
22. PBR (on March 1) CEO effective March 1 to accept a leadership position with the IRL
23. Aeropostale -- Feb 4, 2010 ... BRIEF-Aeropostale CEO to resign
24. Cook Islands Tourism -- Jan 20, 2010 ... RAROTONGA, Cook Islands ---- Cook Islands Tourism chief executive John Dean handed in his resignation last week
25. Uranium International Corp DENVER, Jan. 29 /PRNewswire-FirstCall/ -- Uranium International Corp. (“Uranium International”) (OTC Bulletin Board: URNI) has accepted the resignation of Marek J. Kreczmer as CEO and a member of the board effective January 28, 2010
MUST READ: http://theintelhub.com/2010/06/09/usnorthcom-gears-up-for-potential-attack-on-u-s-soil/
June 1, 2010
The Bilderberg Group Exposed.....
According to Jim Tucker, a man who has been hot on the trail of Bilderberg since 1975, (he says he has an inside source who gives him 'tidbits' of information), the agenda at the 2009 Bilderberg meeting was whether thier should be a 'short intense depression', followed by immdeiately bringing in new world order, or whether their should be long protracted painful depression. In the bottom 2 videos he talks about the 2010 Bilderberg location and agenda...
Tuesday, June 1, 2010
Bilderberg Meeting: Length of Depression Will Be Decided This Week?
Bilderberg Group - Towards Creation Of One World Company Ltd
The Bilderberg Group is an annual, invitation-only conference usually with more than 100 of the globe's most influential leaders, such as heads of state and business tycoons. It always is closed to the public and press, a privacy frequently ensured by armed agents.
The conference this year is scheduled June 3-6 in Sitges, Spain.
WND reported attendance at last year's event included U.S. Treasury Secretary Tim Geithner; Larry Summers, the director of the U.S. National Economic Council; Richard Holbrooke, the Obama administration's special representative for Afghanistan and Pakistan; World Bank President Robert Zoellick; European Central Bank President Jean-Claude Trichet and European Commission president Jose Manuel Barroso.
New invitees in 2009 reportedly included Google Chief Executive Officer Eric Schmidt. Henry Kissinger, a lynchpin of continuity with other secretive internationalist groups including the Council on Foreign Relations and the Trilateral Commission, is a regular attendee as is Wall Street Journal Editor Paul Gigot.
Former British cabinet minister Lord Denis Healey, one of the founders of the group, explained the purpose of the group to Jon Ronson of the Guardian.
"Those of us in Bilderberg felt we couldn't go on forever fighting one another for nothing and killing people and rendering millions homeless," he said. "So we felt that a single community throughout the world would be a good thing."
Estulin reported then his sources told him the main topic of the 2009 agenda was the world economy. He said his sources inside the group told him the movers and shakers would be discussing two options – "either a prolonged, agonizing depression that dooms the world to decades of stagnation, decline, and poverty ... or an intense-but-shorter depression that paves the way for a new sustainable economic world order, with less sovereignty but more efficiency."
Above article courtesy World Net Daily....
May 30, 2010
The Bilderberg Group
"The drive of the Rockefellers and their allies is to create a one-world government combining super capitalism and Communism under the same tent, all under their control.... Do I mean conspiracy? Yes I do. I am convinced there is such a plot, international in scope, generations old in planning, and incredibly evil in intent."
- Congressman Larry P. McDonald, 1976, killed in the Korean Airlines 747 that was shot down by the Soviets
If you haven't heard of the Bilderberg Group, it's only because they haven't wanted you to know about them. Bilderberg is a HIGHLY secretive organization. For three days each year 120 of the most prominent and powerful people in global business, banking, finance, politics, education, media, military and intelligence meet to discuss their agenda of world government. They do not allow any media coverage whatsoever of their events. Since the members of Bilderberg are also in control of major media companies, a total media blackout is not hard for them to achieve. However, a few curious people over the years have been able to find out bits and pieces of Bilderberg's agenda.
since the creation of the last video, the concept of 'North American Union' appears to have been put on hold for the time being. The talk instead has shifted to 'world government'. We will have to wait and see what the elites have in mind...
- Congressman Larry P. McDonald, 1976, killed in the Korean Airlines 747 that was shot down by the Soviets
If you haven't heard of the Bilderberg Group, it's only because they haven't wanted you to know about them. Bilderberg is a HIGHLY secretive organization. For three days each year 120 of the most prominent and powerful people in global business, banking, finance, politics, education, media, military and intelligence meet to discuss their agenda of world government. They do not allow any media coverage whatsoever of their events. Since the members of Bilderberg are also in control of major media companies, a total media blackout is not hard for them to achieve. However, a few curious people over the years have been able to find out bits and pieces of Bilderberg's agenda.
since the creation of the last video, the concept of 'North American Union' appears to have been put on hold for the time being. The talk instead has shifted to 'world government'. We will have to wait and see what the elites have in mind...
May 29, 2010
Information Revolution -
There is a revolution taking shape right now as we speak. It is an 'information revolution'. More people throughout the world are becoming aware of the elites' plans for global government. The interesting thing is that the more the mainstream media tries to cover it up and cover only issues that are superficial, the more people are seeking out 'real news'. Right now the mainstream media is fighting for it's very survival. Their ratings have been in a free fall for the past 2 years. Once thriving major newspapers are going bankrupt. CNN and MSNBC ratings are at all time lows. Even FoxNews, once considered to be 'fair and balanced' by many people, is losing many viewers as people begin to wake up and become aware of media manipulations and distortions.
Listen to Peter Schiff talk about how corporations and wall street interests have usurped the media for their own purposes.
Governments around the world, and our in particular are growing increasingly wary of free speech. This should alarm everyone. Our government is preparing to vote on a piece of legislation that would completely undermine the first amendment. It's known as the 'Disclose Act'. Read about it here:
http://biggovernment.com/tprice/2010/05/27/bloggers-beware-theyre-coming-after-you/
Listen to Peter Schiff talk about how corporations and wall street interests have usurped the media for their own purposes.
Governments around the world, and our in particular are growing increasingly wary of free speech. This should alarm everyone. Our government is preparing to vote on a piece of legislation that would completely undermine the first amendment. It's known as the 'Disclose Act'. Read about it here:
http://biggovernment.com/tprice/2010/05/27/bloggers-beware-theyre-coming-after-you/
May 28, 2010
U.S. Political System is a 2 Headed Beast
"The case for government by elites is irrefutable." Senator William Fulbright, Former chairman of the US Senate Foreign Relations Committee, stated at a 1963 symposium entitled: The Elite and the Electorate - Is Government by the People Possible?
It is absolutely criminal what is being done to our country right now. People just don't see it because they are so tuned in to rooting for their favorite political party. Even the most cursory of investigations into the bills put forward by the two parties of our political system turns up the most horrific details, whether it's the patriot act, the TARP bill (toxic asset relief fund), immigration reform, or the healthcare bill (the latest poll show that 63% of Americans now favor repealing the healthcare legislation). The principal agenda of our leaders over the last 100 years has been to lead our nation into a one world government (new world order). (note: why did George H.W. Bush senior constantly mention the words 'new world order' in his speeches?) Don't believe me? Think that's just a bunch of nonsense? You shouldn't. Just a small amount of research turns up documents, quotes, and reports by the people working to bring the world under control of global governance (members of CFR -council on Foreign Relations, Trilateral commission, Bilderberg Group). Many of them are Republicans and Democrats of our own political system! You don't know about their doings because they don't want you to know! Don't believe me? Keep reading, I will go into more detail!
Just a quick note, this is footage was taken a few years before March of 2008 when the govt. was to implement the National ID act. They scaled that agenda back, I assume because they did not want to reveal their hand too fast. This act has since been rolled into the new immigration reform bill Obama recently passed. He is absolutely *NOT* kidding about the RFID chips. This is real, and it is truly frightening. A company called 'Digital Angel' has been around for 10 years now. They have since changed their name to 'Verichip'. An RFID (radio frequency Identification device) is a small computer chip about the size of a grain of rice which can be implanted under the skin and scanned. It is capable of storing all kinds of data (anything the application called for- health records, bank account #s, social security #s, etc...). RFID technology is already being implemented in many countries. Some may think my sentiments are alarmist and uncalled for. What is the big deal you ask? The big deal is that I don't want to be tagged like a cow. However they spin this in the mainstream press, the truth about RFID technology is that it is an inexpensive way for the elites to control their herd. I will go into greater detail about RFID in a later post.
Aaron Russo was a great patriot. He made a film exposing the criminal Federal Reserve system called "Freedom to Facism". He died in 2007 of cancer.
"The real rulers in Washington are invisible, and exercise power from behind the scenes." Supreme Court Justice Felix Frankfurter, 1952
"In the next century, nations as we know it will be obsolete; all states will recognize a single, global authority. National sovereignty wasnt such a great idea after all." Strobe Talbot, President Clintons Deputy Secretary of State, as quoted in Time, July 20th, l992.
"We shall have world government whether or not you like it, by conquest or consent." Statement by Council on Foreign Relations (CFR) member James Warburg to The Senate Foreign Relations Committee on February 17th, l950
Listen to Col. Paul Craig Roberts talk about incrementalism. -how our society is being incrementally conditioned to accept the ultra-draconian agenda of the new world order.
It is absolutely criminal what is being done to our country right now. People just don't see it because they are so tuned in to rooting for their favorite political party. Even the most cursory of investigations into the bills put forward by the two parties of our political system turns up the most horrific details, whether it's the patriot act, the TARP bill (toxic asset relief fund), immigration reform, or the healthcare bill (the latest poll show that 63% of Americans now favor repealing the healthcare legislation). The principal agenda of our leaders over the last 100 years has been to lead our nation into a one world government (new world order). (note: why did George H.W. Bush senior constantly mention the words 'new world order' in his speeches?) Don't believe me? Think that's just a bunch of nonsense? You shouldn't. Just a small amount of research turns up documents, quotes, and reports by the people working to bring the world under control of global governance (members of CFR -council on Foreign Relations, Trilateral commission, Bilderberg Group). Many of them are Republicans and Democrats of our own political system! You don't know about their doings because they don't want you to know! Don't believe me? Keep reading, I will go into more detail!
Just a quick note, this is footage was taken a few years before March of 2008 when the govt. was to implement the National ID act. They scaled that agenda back, I assume because they did not want to reveal their hand too fast. This act has since been rolled into the new immigration reform bill Obama recently passed. He is absolutely *NOT* kidding about the RFID chips. This is real, and it is truly frightening. A company called 'Digital Angel' has been around for 10 years now. They have since changed their name to 'Verichip'. An RFID (radio frequency Identification device) is a small computer chip about the size of a grain of rice which can be implanted under the skin and scanned. It is capable of storing all kinds of data (anything the application called for- health records, bank account #s, social security #s, etc...). RFID technology is already being implemented in many countries. Some may think my sentiments are alarmist and uncalled for. What is the big deal you ask? The big deal is that I don't want to be tagged like a cow. However they spin this in the mainstream press, the truth about RFID technology is that it is an inexpensive way for the elites to control their herd. I will go into greater detail about RFID in a later post.
Aaron Russo was a great patriot. He made a film exposing the criminal Federal Reserve system called "Freedom to Facism". He died in 2007 of cancer.
"The real rulers in Washington are invisible, and exercise power from behind the scenes." Supreme Court Justice Felix Frankfurter, 1952
"In the next century, nations as we know it will be obsolete; all states will recognize a single, global authority. National sovereignty wasnt such a great idea after all." Strobe Talbot, President Clintons Deputy Secretary of State, as quoted in Time, July 20th, l992.
"We shall have world government whether or not you like it, by conquest or consent." Statement by Council on Foreign Relations (CFR) member James Warburg to The Senate Foreign Relations Committee on February 17th, l950
Listen to Col. Paul Craig Roberts talk about incrementalism. -how our society is being incrementally conditioned to accept the ultra-draconian agenda of the new world order.
May 27, 2010
Phony Right, Phony Left = Left/Right Paradigm
I have come to the realization that all of politics is 100% bullshit. You've got the phony left, and you've got the phony right. Save for a few genuine souls (I mean very few, probably less than 10 out of the 435 representaives) who are the real deal, they are 100% putting on a big show for you and me. We can call this the left-right paradigm. Everything put out in front of us on c-span, cable news, network news, and most syndicated radio shows, is like a big movie production, pre-processed for public consumption. Republicans and Democrats pretend to be bitter rivals before going behind closed doors to make deals and pat each other on the back.
One ruling party controls the left, and the same ruling party controls the right. Where matters of national importance are present, they act as one. We can call this 'ruling party' an oligarchy, made up of major banks, corporations, and other powerful interests. These people are really the ones in charge, behind the scenes, out of the public spotlight. They basically have the entire public bamboozled into thinking we actually live in a free democracy where their vote matters.
Read carefully the words of former New York City mayor (1918-1925) John F. Hylan:
"The real menace of our republic is this invisible government, which is like a giant octopus, sprawls it's slimy length over the city, state, and nation. Like the octopus of real life, it operates under cover of a self-created screen. At the head of this octopus are teh rockefeller standard oil interest and a small group of powerful banking houses generally referred to as 'international bankers'. The little coterie of international bankers practically run the United States government for their own selfish purposes. They practically control both political parties."
And the words of Trilateral Commission founder David Rockefeller:
"We are grateful to the Washington Post, the New York Times, Time Magazine and other great publications whose directors have attended our meetings and respecxted their promises of discretion of almost 40 years. It would have been impossible for us to develop our plan for the world if we had been subjected to the bright lights of publicity during those years. But the work is now much more sophisticated, and prepared to march towards a world government. The supranatural sovereignty of an intellectual elite and world bankers is surely preferable to the national auto determination practiced in past centuries".
This guy scares me. He is one of the ones who are really running our world. It is up to us to investigate and find out what they are up to, because they will never come out and say it on live tv.
One ruling party controls the left, and the same ruling party controls the right. Where matters of national importance are present, they act as one. We can call this 'ruling party' an oligarchy, made up of major banks, corporations, and other powerful interests. These people are really the ones in charge, behind the scenes, out of the public spotlight. They basically have the entire public bamboozled into thinking we actually live in a free democracy where their vote matters.
Read carefully the words of former New York City mayor (1918-1925) John F. Hylan:
"The real menace of our republic is this invisible government, which is like a giant octopus, sprawls it's slimy length over the city, state, and nation. Like the octopus of real life, it operates under cover of a self-created screen. At the head of this octopus are teh rockefeller standard oil interest and a small group of powerful banking houses generally referred to as 'international bankers'. The little coterie of international bankers practically run the United States government for their own selfish purposes. They practically control both political parties."
And the words of Trilateral Commission founder David Rockefeller:
"We are grateful to the Washington Post, the New York Times, Time Magazine and other great publications whose directors have attended our meetings and respecxted their promises of discretion of almost 40 years. It would have been impossible for us to develop our plan for the world if we had been subjected to the bright lights of publicity during those years. But the work is now much more sophisticated, and prepared to march towards a world government. The supranatural sovereignty of an intellectual elite and world bankers is surely preferable to the national auto determination practiced in past centuries".
This guy scares me. He is one of the ones who are really running our world. It is up to us to investigate and find out what they are up to, because they will never come out and say it on live tv.
Good News! -The Fed is Panicking
The following article has been brought to you by:
Paul Joseph Watson
Prison Planet.com
Thursday, May 27, 2010
Appearing on The Alex Jones Show yesterday, Congressman Ron Paul revealed that through his inside sources he had learned that the people who control the Federal Reserve are panicking about the fact that Americans are waking up to the fact that the U.S. is controlled by the central bank.
“I had some information passed on to me, sort of inside information, somebody who knew somebody who was well tuned to the people at the Federal Reserve – and they said they are really really concerned about our movement to expose the Fed for what they’re doing,” said Paul, adding, “What they’re upset or worried about is the fact that more and more people are aware of the Federal Reserve now like never before,” explaining that exposure will lead to change and a reform of the Federal Reserve.
Paul attributed the success of the freedom movement in the last decade to the growing awareness of the power that the Federal Reserve wields over America.
“Even those who defend the Fed are very frightened about it,” added Paul, noting that a growing number of Americans were knowledgeable about the central bank despite the fact that the subject is rarely covered by the education system.
Host Jones made reference to a recent Council on Foreign Relations speech by Trilateral Commission and regular Bilderberg attendee Zbigniew Brzezinski in which he warned that a “global political awakening,” in combination with infighting amongst the elite, was threatening to derail the move towards a one world government.
“I hope he has some real reasons to be worried about that,” responded the Congressman.
Despite the Senate voting down Ron Paul’s version of the audit the fed bill earlier this month, a weaker version was passed which will mandate the central bank to reveal which financial institutions received bailout money at the peak of the economic crisis, something the Fed has desperately tried to avoid divulging.
Paul expressed his own disappointment at the watered down bill, but his colleague Congressman Alan Grayson expressed confidence that the stronger provisions of the original House amendment could be added in Committee, ensuring the Federal Reserve doesn’t get off the hook, as Congressman Paul has warned.
Paul told host Jones that people should look into which Senators did not vote for the original audit the Fed bill, characterizing the weakened version as “A bailout for the system and for the Federal Reserve.”
Paul said he was going to try and influence the bill in conference by adding stronger provisions.
“I think right now the cards are stacked against us but we’re going to keep fighting because the more attention we get and the more people know, I ink we can be proud of how far we’ve gotten already,” said Paul.
Something I just read shortly after posting this: The Worst Money Supply Plunge Since The Depression Means A Double Dip Is Now A ‘Virtual Certainty’
you can read the article here:
http://www.blacklistednews.com/news-8923-0-13-13--.html
Paul Joseph Watson
Prison Planet.com
Thursday, May 27, 2010
Appearing on The Alex Jones Show yesterday, Congressman Ron Paul revealed that through his inside sources he had learned that the people who control the Federal Reserve are panicking about the fact that Americans are waking up to the fact that the U.S. is controlled by the central bank.
“I had some information passed on to me, sort of inside information, somebody who knew somebody who was well tuned to the people at the Federal Reserve – and they said they are really really concerned about our movement to expose the Fed for what they’re doing,” said Paul, adding, “What they’re upset or worried about is the fact that more and more people are aware of the Federal Reserve now like never before,” explaining that exposure will lead to change and a reform of the Federal Reserve.
Paul attributed the success of the freedom movement in the last decade to the growing awareness of the power that the Federal Reserve wields over America.
“Even those who defend the Fed are very frightened about it,” added Paul, noting that a growing number of Americans were knowledgeable about the central bank despite the fact that the subject is rarely covered by the education system.
Host Jones made reference to a recent Council on Foreign Relations speech by Trilateral Commission and regular Bilderberg attendee Zbigniew Brzezinski in which he warned that a “global political awakening,” in combination with infighting amongst the elite, was threatening to derail the move towards a one world government.
“I hope he has some real reasons to be worried about that,” responded the Congressman.
Despite the Senate voting down Ron Paul’s version of the audit the fed bill earlier this month, a weaker version was passed which will mandate the central bank to reveal which financial institutions received bailout money at the peak of the economic crisis, something the Fed has desperately tried to avoid divulging.
Paul expressed his own disappointment at the watered down bill, but his colleague Congressman Alan Grayson expressed confidence that the stronger provisions of the original House amendment could be added in Committee, ensuring the Federal Reserve doesn’t get off the hook, as Congressman Paul has warned.
Paul told host Jones that people should look into which Senators did not vote for the original audit the Fed bill, characterizing the weakened version as “A bailout for the system and for the Federal Reserve.”
Paul said he was going to try and influence the bill in conference by adding stronger provisions.
“I think right now the cards are stacked against us but we’re going to keep fighting because the more attention we get and the more people know, I ink we can be proud of how far we’ve gotten already,” said Paul.
Something I just read shortly after posting this: The Worst Money Supply Plunge Since The Depression Means A Double Dip Is Now A ‘Virtual Certainty’
you can read the article here:
http://www.blacklistednews.com/news-8923-0-13-13--.html
May 26, 2010
Criminal International Banking Cartel
Make no mistake, this 'eocnomic unraveling' has been brought upon us deliberately in order to consolidate the world's wealth and resources to a small, privileged few insiders. It didn't just happen overnight. This has been long in the making. Rich, powerful people have always, throughout history, been the real power-brokers behind the scenes, out of the public spotlight. Historically, (and even now) the four prinicipal families were the Morgans, the Warburgs, the Rockefellers, and the Rothschilds. It is my DUTY as a patriotic American to expose these bastards. They are responsible for every boom & bust cycle we've experienced and they even have their fingerprints all over many of the wars we've had, betting on who will win and who will lose...
The speech given at the end of the last video is popularily known as 'the speech that got JFK assassinated'. When I listen closely to what he said in that speech, I don't know how anyone can discount the claims of conspiracy in his death. It has been said that deception and manipulation of public opinion (primarily through the mainstream press) is the elites' greatest cover.
If you think that powerful banking families have changed their ways and are now somehow benevolent or well-meaning have I got a few things to tell you, keep reading my blog for more info.
The speech given at the end of the last video is popularily known as 'the speech that got JFK assassinated'. When I listen closely to what he said in that speech, I don't know how anyone can discount the claims of conspiracy in his death. It has been said that deception and manipulation of public opinion (primarily through the mainstream press) is the elites' greatest cover.
If you think that powerful banking families have changed their ways and are now somehow benevolent or well-meaning have I got a few things to tell you, keep reading my blog for more info.
May 24, 2010
Federal Reserve Chairman -The Godfather
Alan Greenspan. If we could pin what has happened to our economy on any one person. It would be Alan Greenspan. He, along with Larry Summers and have laid waste to our economy. They had *ample* opportunity to make things right. By that I mean regulating the credit default swaps and other derivatives being traded on wall street. To someone paying close attention to the actions of these people, you could even call them sinister. They not only had ample opportunity to enforce stricter regulations, but they purposefully and willfully ignored warning signals given by the markets that derivatives were potentially very dangerous to our entire economy. Brookesly Bourne, head of the CFTC at the time, who pointed out to these gentlemen the dangers in a report, was immediately chastized and told to burn the report. They ganged up on her in private, and told her to shut up. They did NOT want any word whatsoever that derivatives were potentially harmful getting out. They WANTED a completely
unregulated market. The glaring question is why? and why aren't any of these people in prison?? These people are truly twisted and devoid of conscience.. Alan Greenspan did not mow anyone down with a tommy gun, but what he did do caused (and will continue to cause) untold economic grief and pain for millions of people. This, in my mind, makes him (and those who conspired with him) far more devious than Al Capone and his henchmen. Let's be clear. There actions were criminal. They knew damn well what they were doing. They were deliberate, cold, and calculating.
Alan Greenspan says in the video above that the Fed is above the law, and answers to no one. Isn't it odd they are so fearful of an audit. When confronted with the threat of an audit, Ben Bernanke basically threatened to collapse the economy. Read about it here: http://theconservativist.com/2009/06/26/bernanke-threatens-economic-collapse-if-fed-audited/
David Rockefeller, co-founder of the Council on Foreign Relations once said, "we just need the right crisis to come along and people will accept a global government." Ta-dah! We are now in the middle of an economic crisis that will surpass the depression of the 1930s'. Don't be fooled by talk that the economy is slowly recovering. What we are experiencing now is merely a slight 'lift' caused by the trillions of dollars artificially pumped into the economy to keep it afloat. This will soon end. Please, keep reading my blog for more info.
unregulated market. The glaring question is why? and why aren't any of these people in prison?? These people are truly twisted and devoid of conscience.. Alan Greenspan did not mow anyone down with a tommy gun, but what he did do caused (and will continue to cause) untold economic grief and pain for millions of people. This, in my mind, makes him (and those who conspired with him) far more devious than Al Capone and his henchmen. Let's be clear. There actions were criminal. They knew damn well what they were doing. They were deliberate, cold, and calculating.
Alan Greenspan says in the video above that the Fed is above the law, and answers to no one. Isn't it odd they are so fearful of an audit. When confronted with the threat of an audit, Ben Bernanke basically threatened to collapse the economy. Read about it here: http://theconservativist.com/2009/06/26/bernanke-threatens-economic-collapse-if-fed-audited/
David Rockefeller, co-founder of the Council on Foreign Relations once said, "we just need the right crisis to come along and people will accept a global government." Ta-dah! We are now in the middle of an economic crisis that will surpass the depression of the 1930s'. Don't be fooled by talk that the economy is slowly recovering. What we are experiencing now is merely a slight 'lift' caused by the trillions of dollars artificially pumped into the economy to keep it afloat. This will soon end. Please, keep reading my blog for more info.
May 23, 2010
The Federal Reserve, From Shady Past to Criminal Present
""*It was Alexander Hamilton who lobbied for the first private Federal Bank, and in 1789Congress chartered the bank.
*In 1811, under President James Madison, Vice President George Clinton broke the tied vote in congress to cast the bankers out refusing to renew the charter for the bankers. Unfortunatly it was President Madison who proposed a second United States privately owned Central bank and it came into existence in 1816.
*However, in 1836 President Jackson, overriding Congress, closed it commenting, "The bold effort the present bank had made to control the government are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it." (we now have another one like it).
Andrew Jackson also said, when speaking to the bankers: "You are a den of vipers and thieves. I intend to rout you out, and by the eternal God I will rout you out."
*When speaking to his closest friend, Martin Van Buren, Jackson said, "The bank, is trying to kill me, but I will kill it!" (and he did)
*The first two Federal Reserve Systems lasted about 20 years each and we are now almost a hundred years into the third one.
*The year is now 1913, the year after Woodrow Wilson was elected president of the United States. Prior to his election he needed financial support to pay for his campaign, so he reluctantly agreed, that if elected, he would sign the Federal Reserve Act, in return for that financial support.
*In December 1913 while many members of Congress were home for Christmas, the Federal Reserve Act was rammed through Congress and was later signed by President Wilson. At a later date, Wilson admitted with remorse, when referring to the Fed."I have unwittingly ruined my country".
Enter the Income Tax
We didn't have nor did we need an income tax until we got the bankers back. The income tax was only needed to pay interest to the bankers for our money that they loan to our government. Yes, you read that right, the Fed, mostly on paper and computer, creates money or pays the treasury a small printing fee for currency, and then loans this money to our government. Our taxes pay them interest on this loan that cost the FEDS virtually nothing to make, what a sweetheart of a deal they have going for them.
As of March 6, 2006, the national debt stands at 8.2 trillion dollars. The American taxpayers have paid the FED banking system $173,875,979,369.66 in interest on that debt in just five short months, from October, 2005, through February, 2006. Since this article was written a couple of years ago the national debt has now risen to 10.7 trillion dollars, and since the economic meltdown that figure has risen dramatically and will continue to rise. The United States will never even be able to pay the interest on the loan,let alone the principle. So in actuality the Federal Reserve owns the United Statses and our elected officials are beholden to the bankers, not the American people. The Feds are the unseen "shadow government" , they are the ones who are governing our once great Republic. They control both houses of Congress and also the President, and no-one dare oppose them. they are all powerful because they control the money supply. No con artist or group of con artists in history has ever perpetrated a scam that even approaches the scope of this one.
According to the two volume work by Bill Benson and Red Beckman , "The Law That Never Was" the 16th amendment, which created the IRS, was never properly ratified, not even by one state! These gentlemen traveled the then 48 states to verify that fact. So in a very real sense the income tax isn't legal, as many have proclaimed, but try not paying it and see how far you get before the Feds come after you and confiscate everything you own.
HENRY FORD
Henry Ford once said "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning".
In the nearly 100 years of the existence of the Fed, it has NEVER been audited and they don't pay income tax on the billions of dollars they take from us. \
According to Congressional record the U.S. Government can buy back the FED at any time for $450 million. That's about half the amount of money we pay them daily.
Do we have the most stupid and/or the most corrupt leaders in the world, or what? It seems their # 1 concern is getting re-elected, they seem to think nothing of shirking their responsibilities to the people who elected them to their powerful prestigous high paying jobs.
Congress likes the Fed because they can spend all they want with no restraints, they just put our children, grandchildren and great-grandchildren into debt.
A Federal Reserve note is just what it looks like, it's just a piece of paper with no backing whatsoever. This is why Congress hates gold and silver backed money, it forces them to live within their means. Of course they also get other perks from the Fed. perks far too numerous to mention here.
Article 1, section 8, of the Constitution reads:
The Congress shall have the Power.....To coin Money, regulate the Value thereof,....
Nowhere in that document does it give Congress the authority to delegate this responsibility to anyone, much less a bunch of private bankers.
It may be that you were never a big fan of John F. Kennedy, but you may see him in a different light after you learn how he took on the FEDS. He had the foresight to see what a bad deal had been struck in the creation of the Federal Reserve. He also had the courage to do something about it.which unfortunately, may have cost him his life.
On June 4, 1963, President Kennedy signed a Presidential decree, Executive Order 11110. This order virtually stripped the Federal Reserve Bank of its power to loan money to the United States Government at interest. President Kennedy declared the privately owned Federal Reserve Bank would soon be out of business. This order gave the Treasury Department the authority to issue silver certificates against any silver in the treasury. This executive order still stands today. In less than five months after signing that executive order President Kennedy was assassinated on November 22, 1963.
The United States Notes (silver certificates) he had issued were taken out of circulation immediately. Federal Reserve Notes continued to serve as the legal currency of this nation. It is estimated that 99% of all U.S. paper currency circulating in 1999 are Federal Reserve Notes.
Lincoln also took on the bankers and that brave bold step may also have cost him his life.
During the Civil War (from 1861-1865), President Lincoln needed money to finance the War for the North. The Bankers were going to charge him 24% to 36% interest. Lincoln was horrified and greatly distressed, and he would not think of plunging his beloved country into a debt that the country would find impossible to pay back.
So Lincoln advised Congress to pass a law authorizing the printing of full legal tender Treasury notes to pay for the War effort. Lincoln recognized the great benefits of this issue. At one point he wrote: "... (we) gave the people of this Republic the greatest blessing they have ever had - their own paper money to pay their own debts..."
The Treasury notes were printed with green ink on the back, so the people called them "Greenbacks". Lincoln had printed 400 million dollars worth of Greenbacks (the exact amount being $449,338,902), money that he delegated to be created, a debt-free and interest-free money to finance the War. It served as legal tender for all debts, public and private. He printed it, paid it to the soldiers, to the U.S. Civil Service empoyees, and bought supplies for the war.
Lincoln was assassinated shortly after the war and Congress revoked the Greenback Law and enacted, in its place, the National Banking Act. The national banks were to be privately owned and the national bank notes they issued were to be interest-bearing. The Act also provided that the Greenbacks should be retired from circulation as soon as they came back to the Treasury in payment of taxes.
Follow The Money!!!
When you follow the money you find there was no-one in the world who had a better reason to kill these two Presidents than the bankers. It seems inconceivable that anyone could still think there was no conspiracy in the assassination of JFK, especially when you consider the many people that were murdered or had suspicious deaths and who were associated in some way with Kennedy's assassination.
Is this proof?
NO
Is this strong circumstantial evidence?
YOU DECIDE
Concern Without Action Is A Waste Of Time!! The Federal Reserve, United Nations, Council of Foreign Relations, Trilateral Commission, the Illuminati, the Bilderbergers and other elites of the hidden government are leading us into The New World Order and they are leading us fast. You are not going to like it when we get all the way there, and we are over half way there now.
Only we can save this Republic!!!
All info here brought to you by http://www.wtv-zone.com/Mary/BIGGESTSCAMINHISTORY.HTML many thanks.
*In 1811, under President James Madison, Vice President George Clinton broke the tied vote in congress to cast the bankers out refusing to renew the charter for the bankers. Unfortunatly it was President Madison who proposed a second United States privately owned Central bank and it came into existence in 1816.
*However, in 1836 President Jackson, overriding Congress, closed it commenting, "The bold effort the present bank had made to control the government are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it." (we now have another one like it).
Andrew Jackson also said, when speaking to the bankers: "You are a den of vipers and thieves. I intend to rout you out, and by the eternal God I will rout you out."
*When speaking to his closest friend, Martin Van Buren, Jackson said, "The bank, is trying to kill me, but I will kill it!" (and he did)
*The first two Federal Reserve Systems lasted about 20 years each and we are now almost a hundred years into the third one.
*The year is now 1913, the year after Woodrow Wilson was elected president of the United States. Prior to his election he needed financial support to pay for his campaign, so he reluctantly agreed, that if elected, he would sign the Federal Reserve Act, in return for that financial support.
*In December 1913 while many members of Congress were home for Christmas, the Federal Reserve Act was rammed through Congress and was later signed by President Wilson. At a later date, Wilson admitted with remorse, when referring to the Fed."I have unwittingly ruined my country".
Enter the Income Tax
We didn't have nor did we need an income tax until we got the bankers back. The income tax was only needed to pay interest to the bankers for our money that they loan to our government. Yes, you read that right, the Fed, mostly on paper and computer, creates money or pays the treasury a small printing fee for currency, and then loans this money to our government. Our taxes pay them interest on this loan that cost the FEDS virtually nothing to make, what a sweetheart of a deal they have going for them.
As of March 6, 2006, the national debt stands at 8.2 trillion dollars. The American taxpayers have paid the FED banking system $173,875,979,369.66 in interest on that debt in just five short months, from October, 2005, through February, 2006. Since this article was written a couple of years ago the national debt has now risen to 10.7 trillion dollars, and since the economic meltdown that figure has risen dramatically and will continue to rise. The United States will never even be able to pay the interest on the loan,let alone the principle. So in actuality the Federal Reserve owns the United Statses and our elected officials are beholden to the bankers, not the American people. The Feds are the unseen "shadow government" , they are the ones who are governing our once great Republic. They control both houses of Congress and also the President, and no-one dare oppose them. they are all powerful because they control the money supply. No con artist or group of con artists in history has ever perpetrated a scam that even approaches the scope of this one.
According to the two volume work by Bill Benson and Red Beckman , "The Law That Never Was" the 16th amendment, which created the IRS, was never properly ratified, not even by one state! These gentlemen traveled the then 48 states to verify that fact. So in a very real sense the income tax isn't legal, as many have proclaimed, but try not paying it and see how far you get before the Feds come after you and confiscate everything you own.
HENRY FORD
Henry Ford once said "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning".
In the nearly 100 years of the existence of the Fed, it has NEVER been audited and they don't pay income tax on the billions of dollars they take from us. \
According to Congressional record the U.S. Government can buy back the FED at any time for $450 million. That's about half the amount of money we pay them daily.
Do we have the most stupid and/or the most corrupt leaders in the world, or what? It seems their # 1 concern is getting re-elected, they seem to think nothing of shirking their responsibilities to the people who elected them to their powerful prestigous high paying jobs.
Congress likes the Fed because they can spend all they want with no restraints, they just put our children, grandchildren and great-grandchildren into debt.
A Federal Reserve note is just what it looks like, it's just a piece of paper with no backing whatsoever. This is why Congress hates gold and silver backed money, it forces them to live within their means. Of course they also get other perks from the Fed. perks far too numerous to mention here.
Article 1, section 8, of the Constitution reads:
The Congress shall have the Power.....To coin Money, regulate the Value thereof,....
Nowhere in that document does it give Congress the authority to delegate this responsibility to anyone, much less a bunch of private bankers.
It may be that you were never a big fan of John F. Kennedy, but you may see him in a different light after you learn how he took on the FEDS. He had the foresight to see what a bad deal had been struck in the creation of the Federal Reserve. He also had the courage to do something about it.which unfortunately, may have cost him his life.
On June 4, 1963, President Kennedy signed a Presidential decree, Executive Order 11110. This order virtually stripped the Federal Reserve Bank of its power to loan money to the United States Government at interest. President Kennedy declared the privately owned Federal Reserve Bank would soon be out of business. This order gave the Treasury Department the authority to issue silver certificates against any silver in the treasury. This executive order still stands today. In less than five months after signing that executive order President Kennedy was assassinated on November 22, 1963.
The United States Notes (silver certificates) he had issued were taken out of circulation immediately. Federal Reserve Notes continued to serve as the legal currency of this nation. It is estimated that 99% of all U.S. paper currency circulating in 1999 are Federal Reserve Notes.
Lincoln also took on the bankers and that brave bold step may also have cost him his life.
During the Civil War (from 1861-1865), President Lincoln needed money to finance the War for the North. The Bankers were going to charge him 24% to 36% interest. Lincoln was horrified and greatly distressed, and he would not think of plunging his beloved country into a debt that the country would find impossible to pay back.
So Lincoln advised Congress to pass a law authorizing the printing of full legal tender Treasury notes to pay for the War effort. Lincoln recognized the great benefits of this issue. At one point he wrote: "... (we) gave the people of this Republic the greatest blessing they have ever had - their own paper money to pay their own debts..."
The Treasury notes were printed with green ink on the back, so the people called them "Greenbacks". Lincoln had printed 400 million dollars worth of Greenbacks (the exact amount being $449,338,902), money that he delegated to be created, a debt-free and interest-free money to finance the War. It served as legal tender for all debts, public and private. He printed it, paid it to the soldiers, to the U.S. Civil Service empoyees, and bought supplies for the war.
Lincoln was assassinated shortly after the war and Congress revoked the Greenback Law and enacted, in its place, the National Banking Act. The national banks were to be privately owned and the national bank notes they issued were to be interest-bearing. The Act also provided that the Greenbacks should be retired from circulation as soon as they came back to the Treasury in payment of taxes.
Follow The Money!!!
When you follow the money you find there was no-one in the world who had a better reason to kill these two Presidents than the bankers. It seems inconceivable that anyone could still think there was no conspiracy in the assassination of JFK, especially when you consider the many people that were murdered or had suspicious deaths and who were associated in some way with Kennedy's assassination.
Is this proof?
NO
Is this strong circumstantial evidence?
YOU DECIDE
Concern Without Action Is A Waste Of Time!! The Federal Reserve, United Nations, Council of Foreign Relations, Trilateral Commission, the Illuminati, the Bilderbergers and other elites of the hidden government are leading us into The New World Order and they are leading us fast. You are not going to like it when we get all the way there, and we are over half way there now.
Only we can save this Republic!!!
All info here brought to you by http://www.wtv-zone.com/Mary/BIGGESTSCAMINHISTORY.HTML many thanks.
May 22, 2010
This economic quagmire was *NO* accident...
What do you mean? You may be asking yourself, about the headline of this post. Well, I'm going to attempt to explain to you how our current economic nightmare has been planned. "Ok, I'm done reading this conspiratorial crap," you may be thinking. Please, indulge me, continue reading.
There is historical precendence for engineered financial implosions. Let's look at the 1930's for a moment. Curtis Dall, member of the N.Y. stock exchange wrote in his book, “F.D.R.: My Exploited Father-in-Law,” the 1929 stock market crash “was the calculated ’shearing’ of the public by the World-Money powers, triggered by the sudden shortage of call money in the New York money market.” According to Rep. Louis McFadden, chairman of the House Committee on Banking and Currency in 1933, the 1929 crash “was not accidental. It was a carefully contrived occurrence….The international bankers sought to bring about a condition of despair here so they might emerge as rulers of us all.”
Canadian businessman& former Secretary General of the United Nations Maurice Strong, said in front of the UN in 1992- "We may get to a point where the only way of saving the world will be for industrialized nations to collapse." He is not alone in this line of thinking. For years many a world statesmen, figures in the public spotlight, many high ranking officials at the U.N., and many in our own government have echoed Mr. Strong's sentiment. Historian and Council on Foreign Relations' member Carroll Quigley's 1975 book stated that the "powers of financial capitalism had far (a) reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole."
A brilliant mechanism was devised in order to carry out the agenda outlined in Quigley's book. The Federal Reserve banking system was created in 1913 at Jeckyll Island, Georgia. Mayer Amschel Rothschild (1743-1812), the forerunner of the famous Rothschild banking family was quoted as saying "Let me issue and control a nation's money, and I care not who writes its laws." Thomas Jefferson was adamantly opposed to the idea of a privately owned federal bank and said " I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies".
Webster Griffin Tarpley talks about how credit default swaps are destroying economies world-wide:
Congressman McFadden said that the creation of the Federal Reserve System was engineered to establish “a world banking system… a super-state controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure.” Our current economic “crisis,” wholly artificial, is designed to put the finishing touches on this globalist super-state.
Great Article: Bob Chapman: They Want A Collapse, Its Deliberate
Read Here: http://www.prisonplanet.com/bob-chapman-they-want-a-collapse-its-deliberate.html
There is historical precendence for engineered financial implosions. Let's look at the 1930's for a moment. Curtis Dall, member of the N.Y. stock exchange wrote in his book, “F.D.R.: My Exploited Father-in-Law,” the 1929 stock market crash “was the calculated ’shearing’ of the public by the World-Money powers, triggered by the sudden shortage of call money in the New York money market.” According to Rep. Louis McFadden, chairman of the House Committee on Banking and Currency in 1933, the 1929 crash “was not accidental. It was a carefully contrived occurrence….The international bankers sought to bring about a condition of despair here so they might emerge as rulers of us all.”
Canadian businessman& former Secretary General of the United Nations Maurice Strong, said in front of the UN in 1992- "We may get to a point where the only way of saving the world will be for industrialized nations to collapse." He is not alone in this line of thinking. For years many a world statesmen, figures in the public spotlight, many high ranking officials at the U.N., and many in our own government have echoed Mr. Strong's sentiment. Historian and Council on Foreign Relations' member Carroll Quigley's 1975 book stated that the "powers of financial capitalism had far (a) reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole."
A brilliant mechanism was devised in order to carry out the agenda outlined in Quigley's book. The Federal Reserve banking system was created in 1913 at Jeckyll Island, Georgia. Mayer Amschel Rothschild (1743-1812), the forerunner of the famous Rothschild banking family was quoted as saying "Let me issue and control a nation's money, and I care not who writes its laws." Thomas Jefferson was adamantly opposed to the idea of a privately owned federal bank and said " I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies".
Webster Griffin Tarpley talks about how credit default swaps are destroying economies world-wide:
Congressman McFadden said that the creation of the Federal Reserve System was engineered to establish “a world banking system… a super-state controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure.” Our current economic “crisis,” wholly artificial, is designed to put the finishing touches on this globalist super-state.
Great Article: Bob Chapman: They Want A Collapse, Its Deliberate
Read Here: http://www.prisonplanet.com/bob-chapman-they-want-a-collapse-its-deliberate.html
May 21, 2010
The Contagion Must Be PURGED From The System
As I stated in my previous post, central banks cannot stop free markets from working. And yet, that is exactly what they are trying to do! If the big banks and other troubled institutions would have been allowed to fail, as they were in the process of doing in September 2008, free markets would have worked it out. Yes, there would have been considerable pain, even a depression, as bad, if not worse than the one in the 1930's. Instead, our government and central bank intervened to stop this process from working itself out. By guaranteeing these failing institutions a financial 'safety net', our central bank has for the time being, prevented their collapse. However, the problems that led these failing businesses to the brink are still there. The toxic debts didn't just magically disappear, they were just transferred to a different set of books. Also, the complex 'financial instruments' (credit default swaps created from mortgage loans) that created the huge mess of toxic assets are still being used by the bailed out institutions and are creating more toxic assets! In order to 'fix' the system, the root cause of the problem must first be adressed, just like in medicine. So far, this has only happened on a superficial level. With mortgage foreclosures hitting an all time high in the first quarter of this year, and the official number of 'troubled' banks at 775 (according to the FDIC, unofically this number is much higher, try 2,000-3,000), you've really got to wonder.
OK, so our central bank is backstopping our financial system. To do this, they have to print money. a lot of money. How much is a lot? Try *trillions* with a 't'. Below is a chart showing how the supply of paper money in circulation has grown.
Notice how it ticks dramatically upward in 2008? In order to 'save' our financial system, our central bank has printed trillions of dollars of paper money that people give in exchange for goods and services, and thus in doing so, has created uncertainty throughout the world about the trustworthiness of the U.S. dollar. The central bank is playing a dangerous game right now (including other central banks around the world, i.e., the European central bank), one that could ultimately end in the destruction of our currency. Look at what is happening in Europe. They are in the midst of a full-blown currency crisis, and all their scrambling for solutions is only creating more doubt and uncertainty in the minds of the people who use the euro as currency. Do not make the mistake of thinking that America is somehow immune to these kinds of problems.
By not letting the system purge itself of the contagion, a much worse problem has been created. Europe might be able to protect itself for a while longer, but the contagion will pop up somewhere else in the world, like it did in Dubai and like it did in Greece. The world leaders cannot keep passing the buck, the buck has to stop, and it will....
Pick Your Poison...
One of two things will now happen. Either the Fed will STOP printing money to buy up toxic assets and let the failing institutions fail, which in turn will undoubtedly cause a depression, or the Fed will continue on it's present course which WILL cause our currency to collapse, leading to even worse problems... Which is it gonna be? Ben Bernanke is not immune to the basic laws of economics, his actions will eventually bite him (and America) in the ass...
OK, so our central bank is backstopping our financial system. To do this, they have to print money. a lot of money. How much is a lot? Try *trillions* with a 't'. Below is a chart showing how the supply of paper money in circulation has grown.
Notice how it ticks dramatically upward in 2008? In order to 'save' our financial system, our central bank has printed trillions of dollars of paper money that people give in exchange for goods and services, and thus in doing so, has created uncertainty throughout the world about the trustworthiness of the U.S. dollar. The central bank is playing a dangerous game right now (including other central banks around the world, i.e., the European central bank), one that could ultimately end in the destruction of our currency. Look at what is happening in Europe. They are in the midst of a full-blown currency crisis, and all their scrambling for solutions is only creating more doubt and uncertainty in the minds of the people who use the euro as currency. Do not make the mistake of thinking that America is somehow immune to these kinds of problems.
By not letting the system purge itself of the contagion, a much worse problem has been created. Europe might be able to protect itself for a while longer, but the contagion will pop up somewhere else in the world, like it did in Dubai and like it did in Greece. The world leaders cannot keep passing the buck, the buck has to stop, and it will....
Pick Your Poison...
One of two things will now happen. Either the Fed will STOP printing money to buy up toxic assets and let the failing institutions fail, which in turn will undoubtedly cause a depression, or the Fed will continue on it's present course which WILL cause our currency to collapse, leading to even worse problems... Which is it gonna be? Ben Bernanke is not immune to the basic laws of economics, his actions will eventually bite him (and America) in the ass...
May 20, 2010
If You Ever Had Any Doubt About Where We Are Headed....
This blog will be my simple way of trying to clear up your misconceptions about the direction of our nation, for that matter, humaity itself. If you rely solely on the mainstream media as your source of information you're missing out on a wealth of information that exists out there. There is a sense of urgency as I write this because of forces that are now at work. Forces that want to block that information from reaching the public. Indeed, these forces wish to do away altogether with the notion of free speech. President Obama said at a recent graduation speech that the current media environment is "putting pressure on our country and our democracy." It is? How so? If this is true, than that's tough. We DO have freedom of speech in this country. But that may not be the case for too much longer. In a recent speech to the Council on Foreign Relations, one of Obama's top advisors, Zbigniew Brzezinski warned that a 'global political awakening' was a threat to the elites of the world. Well that's not good. It's not good for the average person to be too politically aware, is it? So in light of these comments, and many others made by people in positions of power, including Jay Rockefeller who said that "the internet should have never existed", you can probably see why I thought it was important to get what I need to say out there for the public to see...
I'm going to start by pointing out the most pressing concern I have, and what should be obvious
to most. Our economy is *NOT* in a recovery. For some this may be difficult bit of info. to digest, i.e., if you are constantly assailed day after day with manipulated economic data put out there by the mainstream press. Quite the contrary, what we have been experiencing for the last 2 years now is nothing less than a total collapse of the world financial system. It may have slowed down a bit due to central banks around the world printing money, but it is now picking up speed and will only accelerate from here on. Why? Because the policies of the central banks ultimately cannot stop free markets from working. They have only succeeded in making things worse. They may be able to prevent the Euro from collapsing, but the underlying problems of the world economy (massive amounts of debt) will only pop up later on.
I'm going to start by pointing out the most pressing concern I have, and what should be obvious
to most. Our economy is *NOT* in a recovery. For some this may be difficult bit of info. to digest, i.e., if you are constantly assailed day after day with manipulated economic data put out there by the mainstream press. Quite the contrary, what we have been experiencing for the last 2 years now is nothing less than a total collapse of the world financial system. It may have slowed down a bit due to central banks around the world printing money, but it is now picking up speed and will only accelerate from here on. Why? Because the policies of the central banks ultimately cannot stop free markets from working. They have only succeeded in making things worse. They may be able to prevent the Euro from collapsing, but the underlying problems of the world economy (massive amounts of debt) will only pop up later on.
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