Monday, November 30, 2009

VIDEO: "Climate Change" Fraud Exposed! Lord Monckton Says "Shut Down The UN, Arrest Al Gore".

Paul Joseph Watson
Saturday, November 28, 2009

Appearing on The Alex Jones Show yesterday, Lord Christopher Monckton went further than ever before in his vehement opposition to the elitists running the climate change scam, calling for the UN to be shut down and for fraudulent peddlers of global warming propaganda like Al Gore to be arrested and criminally prosecuted.

Monckton said that those who are threatening to shut down economies, bankrupt nations, and deepen the problems of the third world by implementing draconian policies in the name of global warming should be indicted, prosecuted and imprisoned “for a very long time”.

“The fraudsters and racketeers from Al Gore to the people at the University of East Anglia who have been making their fortune at the expense of taxpayers and the little guy,” should be criminally charged, said Monckton, in response to the climategate scandal.

“We the people have got to rise up worldwide, found a party in every country which stands for freedom and make sure we fight this bureaucratic communistic world government monster to a standstill – they shall not pass,” he added.

Monckton said that the United Nations should be “closed down,” adding that he talked to a senior UN ambassador in Canada who told him that he no longer saw any purpose in the UN and it exists “only to enrich itself at the expense of the nations it claims to serve, it’s time it was brought to an end.”

“We would all save billions if we shut down the UN and just about all of its hideous bureaucracy,” said Monckton.

Lord Monckton emphasized how the emails released as a result of climategate prove that global warming alarmism was still prevalent in public but behind closed doors, warmist scientist are admitting that the “deniers” as they label people like Monckton are correct.

“Publicly they’re saying the science is settled, we’re all doomed unless you close down the economies of the west, whereas privately they’re saying to each other ‘we’ve got it wrong, none of this adds up and it’s a travesty that we can’t explain it’.”

Monckton also slammed Obama’s science czar John P. Holdren, who in his 1977 book Ecoscience called for draconian population measures to be enforced by a “planetary regime” in the name of saving the earth, as an “openly admitted communist”.

Monckton pointed out how Holdren had been once of the most prominent alarmists in the 70’s warning about the onset of rapid “global cooling”.

“Now with seamless mendacity he says that what we’re now facing is global warming,” said Monckton.

“How can anyone like Holdren stand up with a straight face and expect anyone to believe it,” he added.

Monckton said that the agenda behind the global warming movement was to set up a communistic world government which will be run by people who “do not care how many people they kill with their policies” and that their goal is to “do away with democracy forever by stealth using the excuse to save the planet.”

Monckton said that the people running the scam had a “deliberate desire to control population by killing people in large numbers deliberately if necessary.”

The former advisor to Margaret Thatcher said that the warmists were sounding more and more desperate and knew that they had been rumbled as a result of climategate, which would only make it more urgent for them to try and force through a binding treaty in Copenhagen.

Monckton said that the answer to combating the move towards neo-feudalism and global government was to form a worldwide “freedom party” that would operate nationally in every country in order to defend freedom, democracy and prosperity while routing out every aspect of the communistic takeover.

“Every time these people try to take it away, we in the freedom party will stop them, and I think now is the time,” said Monckton.

Watch the interview in full below.

Sunday, November 1, 2009

Facing A Total Breakdown Of Financial Markets

Bob Chapman
Oct 28, 2009

Most professionals, investors and the public still do not understand that we are facing a total breakdown of financial markets, which in turn will take down the economy as well, and will lead to a depression of five years or more. There are no solutions; the problem should have been attended to in 1990. After June of 2002, there was no turning back. The damage inflicted will take years to heal. Those who created the crisis, who are now supposedly trying to fix it, are playing for time. Many people are realizing what the bankers and Wall Street are up too, as bubbles deflate inflation is rising. Zero interest rates certainly do not induce people to save, although savings have risen to more than 4% of GDP, as debt is aggressively being reduced. As long as money and credit is being increased, monetization increases and no purge of the problem takes place, the economy will continue to deteriorate.

The Illuminist's plans to destroy America are coming unglued. Their puppet in the White House has monstrous problems. Plunging approval ratings, Cap & Trade legislation being held up in the Senate, medical reform that is going nowhere, massive deficits and a stimulus package that isn't working.

An issue the elitists did not think they would have to deal with is the question of whether Obama is a citizen or not. They thought they would be able to bamboozle the public. That question has become a cause celebre. Thus, if the President's controllers want to dump him it will be easy. They will just make sure it is finally discovered he was born in Kenya. Then it is game over. The failure of Obama will further force the Illuminists to cut back on their plans for a new world order. They will try their best to extend the time frame. The dollar devaluation, rising unemployment that brings social problems, or a breakdown in society will be avoided at all costs. This means more and bigger injections of money and credit, more monetization, more stimulus and more subsidies. That means we definitely will have hyperinflation and a falling dollar. That means gold and silver will go higher. That could mean an abandonment of a green policy, and the failure of Cap & Trade, healthcare reform and Copenhagen. We will have to see how things develop.

From here on out the Fed isn't going to get away with anything. Anyone who has been in the market for any length of time knows all of our current problems emanated straight from the fed. It is now obvious that the take down of the dollar is deliberate and there is little effort to save it; just an effort to bring it down slowly and incrementally. There is no question banks will continue to get cheap loans and either deposit the money with the Fed for a 3% gain to buy Treasuries or opportune the markets. An increase in interest rates is a year or more off. Higher rates mean a collapse not only in the economy, but in credit derivatives as well - some $600 billion worth. Besides who wants mortgage rates back up to 6-1/2% to 7%? That would send housing prices lower and unsold inventories higher and that would destroy bank balance sheets. That also means the phantom inventory would become much more visible. That would collapse many banks. We say no change in rates for a year or more. Next enters the dollar carry trade and once it ends the dollar will collapse and that should coincide with the official dollar devaluation, default and bank holiday. It is no wonder foreigners are issuing bonds in US dollars to capture the depreciation. Eventually this will lead to US tariffs on goods and services and trade war. It will also bring an end to the fraud and monetization. Either the US purges their financial system or no one will accept dollars. That is when monetization will finally end.

Is it any wonder some nations are buying gold, particularly China. We now have a Chinese put on gold just as the US stock market once had a Greenspan put to keep it at ridiculously high levels. The Chinese are working with an element that has been suppressed since 1968. We now know that from documents released via the FOIA. We saw it in secret gold sales in 1987 via London. Then we were subject to the President's "Working Group on Financial Markets" since 1988. The suppression of the gold price by the US and UK all those years has made gold extremely cheap. Thus the Chinese have the perfect vehicle to dump their dollars into. Every time the US Treasury knocks gold down China and others are there as buyers.

Gold has entered phase 2, which we described in 2000. Phase 2 will carry to $2,500 to $3,000. That should be followed by phase 3 to $6,700. That will then allow gold to reflect real inflation since 1980. Needless to say, in 2000 we had no idea that China would be the propellant to move gold higher. As you know 96% of letter writers, analysts and economists have stated gold will fall below $1,000 again. They are wrong and as usual they will continue to be wrong. They cannot understand that this is psycho-political warfare and there are no rules. He who has the gold makes the rules. They all believe this is transitory and we will go back to business as usual. That is not the way it is going to be. The US is finished as an international imperial power. We wish it was otherwise, but those are the facts. The elitists who control our economies and financial system have deliberately destroyed it in order to bring about world government. Once these mallet heads understand what the game is they will realize where this is headed. Just stop and think, is it normal for a bank to leave lending at 8 to 10 to one of deposits to lend at 40 to one, as the Fed cheers them on? Of course not. Bankers know that is suicidal. So why did they do so? And, why are they still leveraged at those levels? It is because the big banks controlled by the Illuminists want the system to collapse in order to force Americans and Europeans to accept world government. If you can think of another reason let us know. These people are not stupid. They know exactly what they are doing. We wrote an article for Bull & Bear in August 1988, that described the new manipulation of the gold market, but no one was listening. Finally ten years later others discovered what we had discovered long before. Finally today many understand what the elitists are really up too. Even they though don't understand the end game. If they do they are not writing about it.

We have entered a phase where the Fed and the US Treasury recognize that they can no longer hold up the dollar. They can only impede its downward progress. In that process US and British transnational conglomerates can make even more money by paying for goods in dollars and shorting the dollar simultaneously. This process began at the beginning of the year led by the Chinese and as a result Forex reserves of foreign central banks fell from 64.5% to 62.8% in dollar terms.

Those events have been accompanied by a flight into other currencies and gold and the use of the dollar in the carry trade. Zero US interest rates will stay at that level indefinitely irrespective of the inflation that will rage in the US and be transported worldwide. Once the dollar falls to long-term support at 71.18 to 72 on the USDX, there will probably be a rally and a retest. Sometime in 2010, 71.18 will be broken to the downside and we will then find out where the real bottom on the dollar will be. It could be 40 to 55, we won't know until we get there. That is when official devaluation and default will occur, not only in the US dollar but in many other currencies. That will cause financial chaos worldwide and you had better have gold and silver if you want to survive.