Wednesday, August 25, 2010

Sunday, August 22, 2010

Fed Leads America “To The Brink Of Collapse”

Paul Joseph Watson
GCN Live.com
Thursday, August 12, 2010
http://www.gcnlive.com/wp/2010/08/13/fed-leads-america-%E2%80%9Cto-the-brink-of-collapse%E2%80%9D/

When even the New York Times and CNN are admitting that the United States faces not only a double-dip recession but potentially a new great depression, any alarm bells that have not been rung should now be sounding loudly.

Following in the footsteps of the New York Times’ David Krugman, who in June wrote that the United States had entered a third depression similar to the Long Depression of the 19th century, CNN Money carried an article yesterday brazenly entitled, Is this finally the economic collapse?.

The piece, written by Keith R. McCullough, points out that the Fed’s announcement that it will start buying Treasury debt, is a “crossing the Rubicon” moment and “could lead the country to the brink of collapse”.

“Crossing the 90% debt/GDP threshold is the equivalent of crossing the proverbial Rubicon of economic growth. It’s a point from which it’s almost impossible to return,” states the article, adding that the market has not responded to quantitative easing so to engage in more of the same would be completely futile.

“With 40.8 million Americans on food stamps (record high) and 45% of the unemployed having been seeking employment for 27 weeks or more (record high), what’s left if (or when) QE2 doesn’t kick start GDP growth? Should we start begging for QE3? Should we cancel the bomb of the National Association of Realtors’ existing home sales report, scheduled for public release on August 24th? Or should we bite the bullet and accept that current economic policy dictates 0% returns-on-savings, even as Washington continues to lever-up our future to the point of economic collapse?” writes McCullough.

The Dow Jones slipped by 265 points yesterday as both the Bank of England and the Federal Reserve indicated that, as we predicted all along, the happy clappers who blithely talked of “robust recovery” were in fact completely wrong and now that the futile and transitory life-support machine of quantitative easing has been turned off, the picture looks almost as bad as when the crisis began in 2008.

Predictions on GDP growth seem to be shrinking by the day as Ben Bernanke greases the skids for QE2 – a fresh round of printing money out of thin air, destroying the long term value of the dollar which has already had 9 consecutive down weeks since June but ensuring the central bankers that run the United States continue to reap lucrative interest payments on the spiraling national debt. The U.S. government, via the taxpayer, paid out nearly $20 billion in interest on debt last month alone, as the Federal Reserve enjoys record profits, only 20 per cent of which is returned to the Treasury.

With Barack Obama’s political dynasty crashing and burning just as fast as hopes of an economic recovery combust, while rhetoric and tension with Iran reaches a crescendo, from different directions these three developments race towards an identical and ominous consequence – war.

Just as the Great Depression was only really neutralized by the involvement of American forces in World War II in 1941, conflict on a similar scale could be the only tool with which to reverse the decline.

The elitists who run the planet would seemingly prefer to opt for a slow, suffocating, anemic decline that gradually lowers living standards and stealthily deflates the American dream without the victims being able to sufficiently rouse themselves from their fluoride-induced slumber to do anything about it. But with the pace of events seemingly now getting out of hand even for the custodians of the new world order, more drastic action may be called for.

With the agenda for world government frustratingly behind schedule, the more daring move would be to launch another catastrophic global war in a desperate effort to kill innumerable birds with one huge stone. The consequences would of course be horrific for mankind, but from the ashes of world war three, the globalists would be able to re-build the globe in their image.

The stakes have not been this high for some 70 years, and as Marc Faber advised recently, the best things to do to prepare for whatever is coming are to buy gold, move away from urban areas and purchase farmland, and be prepared to defend that land with force should civil unrest and food riots occur, as many are now forecasting.

Friday, August 20, 2010

VIDEO: Ron Paul On The Alex Jones Show



VIDEO: Exposing World Government: United We Fall Documentary Now Featured on Prison Planet.tv


Kurt Nimmo
GCN Live.com
August 16, 2010
http://www.gcnlive.com/wp/2010/08/17/exposing-world-government-united-we-fall-documentary-now-featured-on-prison-planet-tv/

United We Fall, a documentary by Bryan Law and Dan Dicks, breaks down the North American Union and how “free trade” agreements between the United States, Canada, and Mexico are impoverishing people and stripping away national sovereignty.

The North American Union is often dismissed by the corporate media and academics as a baseless conspiracy theory. United We Fall documents in detail its existence and beginnings under the direction of the renowned globalist David Rockefeller in the mid-60s with the establishment of the Council of the Americas.

The documentary covers the establishment of the European Union, the creation of the euro, and the concept of a world monetary system under the control of central bankers. The Federal Reserve system is explored. “This whole New World Order ideation is a bunch of banking and intellectual elites that basically see the same sort of mentality. Control of the economy, control of the issuance of currency, you control the nation,” explains medical doctor and neuroscientist Andrew Moulde in the film.

Law and Dick counterpoint the engineers and apologists for a North American Union — who routinely discount the “conspiracy” of any such union — with informed critics who spell out in chilling detail how the elite are methodically working to foist their dream of world government on the people of the planet. United We Fall also covers the secretive Bilderbergers — consisting of presidents, prime ministers, international bankers — and their ongoing plot to establish world government.

Interviews featured in the film include Robert Pastor (Council on Foreign Relations), Allan Gotlieb (Trilateral Commission, Bilderberg) Herbert Grubel (Creator of the “Amero”) Luke Rudkowski (We Are Change) Dan Dicks (Press For Truth) Vijay Sarma (Political Activist, Independent Journalist) Dr. Andrew Moulden (Canadian Action Party) Richard Syrett (Talk Radio Host).

United We Fall can now be viewed by Prison Planet.tv subscribers in high quality streaming video. If you are not a PP.tv subscriber, join today to see this important film and dozens of others. Members also get to watch the Alex Jones Show and periodic special reports.

Thursday, August 12, 2010

VIDEO: David Icke: Elite Moves To Lobotomize, Zombify Global Population into Lifetime of Servitude, part 1, 2 & 3

GCN Live.com
Wednesday, August 11, 2010
http://www.gcnlive.com/wp/2010/08/11/david-icke-elite-moves-to-lobotomize-zombify-global-population-into-lifetime-of-servitude/





VIDEO: Tainted Food For Depopulation

Alex Jones & Aaron Dykes
Infowars.com
July 29, 2010
http://www.infowars.com/food-the-ultimate-secret-exposed/

The grocery store, along with your kitchen sink, are two of the most dangerous places in the world.

In a special video, Alex Jones addresses one of the darkest modes of power the globalists have used to control the population– food. The adulteration of the planet’s staple crops, genetically-altered species and intentionally-altered water, food and air all amount to a Eugenics operation to weaken the masses and achieve full spectrum domination.



People the world over, but especially in the United States are under chemical attack. Deadly and dangerous toxins ranging from Aspartame to Fluoride, GMO, Mercury-tainting, pesticides, cross-species chimeras, plastic compounds in chicken, high fructose corn syrup, cloned meat, rBGH and new aggressive GM species of salmon have all entered into our diets and environments– whether we want it or not.



Many of these substances knowingly cause or are linked with sterility, low birth weight, miscarriages, smaller or deformed offspring, as well as organ failure, cancer, brain tumors and Death itself, what you DON’T know about on your grocery shelves can hurt you. Further, Alex demonstrates that a pattern of buried studies, fraudulent statistics and a will reduce global population all point to the deliberate criminal poisoning of the food and water supply.

Suffer no fools if those you show refuse to believe what is going on. Instead, research these important areas for yourself, and warn those you love about need to stop their food from being used as a Depopulation-weapon against us all. Please share this important video with everyone, so the truth about these substances can be known.

Wednesday, August 11, 2010

U.S. Dollar Now Ripe For Catastrophic Devaluation



By Giordano Bruno
Neithercorp Press – 08/09/2010
http://neithercorp.us/npress/?p=663

Normally when I cover subjects in the economy, I try to take a “macro” approach, giving an overall view of various financial elements around the world and how they are clearly connected to one another in a greater synchronous social force. That is to say, in Chinese domestic consumption, or European debt obligations, or Russian gold reserves, and in many other factors, is encoded the very future of our own American economy. Showing others how to decipher that code is my primary mission.

In this instance, however, I would like to focus chiefly on the U.S. Dollar, the private Federal Reserve currency which is now the basis for our entire financial system, not to mention a substantial basis for trade around the globe. For decades, the dollar (and by extension U.S. Treasury bonds) has been the standard by which foreign nations safeguard capital reserves, denominate debt, and in some cases have even pegged their own currency to maintain advantageous trade deficits. In the past, the Greenback has been treated as good as gold. Though many see this as a windfall for Americans, it is actually a very unfortunate circumstance.

The “world reserve” status of our currency created a demand for dollars, but through this, it also created a glut of Treasury bond holdings in foreign central banks, and an unserviceable national debt here at home. The combination of removing the dollar from the gold standard in tandem with gaining world reserve advantage allowed our government along with central bankers to create the most precarious illusory fiat currency in history. Could this process continue indefinitely? Its possible, but only if the demand for dollars continues to rise annually. As long as people want dollars in greater and greater amounts, we could continue to expand our debt into infinity. But what happens if demand for the dollar falls, or disappears entirely? The massive liabilities we have already accrued will no longer have the crutch of perpetual Treasury investment. We no longer would receive the busloads of foreign capital we need to continue functioning. The system we have staked the future of our culture on would disintegrate.

Anyone who uses common sense would easily conclude that it is highly unreasonable if not outlandish to expect that other countries will continue to pump more and more money every year into our very unstable system. Even if Treasury bond investment simply plateaued, remaining steady for years, we would still be crushed under the weight of our debt obligations. As our government expands, and our wars expand, so do our costs, and our interest payments. Eventually, every undisciplined debtor hits a state of critical mass; a point at which he runs out of options in extending his ability to outrun bankruptcy. We are seeing this right now in the U.S., most prominently in municipal debt in states such as California and Illinois. These are not just “local problems”. The growing insolvency in states is a direct reflection of the growing insolvency in the Federal Government.

Many people have at one time or another been caught up in their own debt race, trying to dodge bills and pay off one credit card with another credit card. They understand well that this terrible circle ends in ruin. This is the situation we are in as a nation.

Strangely though, some mainstream economists and analysts still contend that America will never face consequences for its fiscal debauchery. Why do they believe this despite all the evidence to the contrary? Because of a magical machine called a “printing press”.

“If foreign investment in our debt ceases”, they say, “The Federal Reserve can just PRINT the money our government needs to function out of thin air.” That is to say, these economists (which include men like Ben Bernanke) either truly believe that capital can be created out of nothing with no sacrifice attached, or, they KNOW there is a serious sacrifice attached, but intend to keep this fact from the American public. Regardless, the end result is the same; massive liquidity injections which continually monetize debt as it defaults, and Federal Reserve purchases of our own T-bonds. We are buying stock in our own dollar just to prop up its value and keep our country afloat!

The inflation vs. deflation debate has been raging for nearly three years, but I suspect that when all is said and done, we will find that both sides in a sense were correct. The people who consistently miss the mark on what is truly going on in the economy are those who blindly insist that this is an either/or situation. The fact is, we are seeing symptoms of BOTH deflation and inflation simultaneously. Deflation in jobs, stocks, real estate, and wages. Inflation in energy, food, and commodities. At bottom, we are seeing the worst of both worlds colliding to make a financial mutation, an aberration of the natural processes of supply and demand. Our economy has become a frothing rampaging Frankenstein’s monster bent on the destruction of its former benefactors; the American citizenry. Anyone who alleges otherwise is either a liar, or a fool.

At the very heart of this nightmare, we find the U.S. Greenback; perhaps the number one reason the economic meltdown was engineered by global banks in the first place (yes, I said ‘engineered’). The sovereign ideology of the U.S. is the only thing left standing in the way of complete centralized economic control, and by extension, political control, by the top 2% wealthiest people in the world, who now hold around 50% of all the world’s assets. The dollar, though a fraudulent fiat currency, is still a representation of that sovereign drive, at least in terms of finance. Its position as the foremost traded currency on the planet affords us great leeway in our ability to spend without fear. It is the glue holding absolutely everything together. With most of our industry shipped overseas, and our communities completely reliant on a 70% service based system, the Dollar is the only homemade “product” America has left to lean on.

Unfortunately, the strength of our currency is waning, and nearing outright collapse. It is something we have been talking about for the past two years at least, which has drawn some into a false sense of security. The signs have been muddled in the MSM fog, but now the picture is becoming clear. Will the dollar crash tomorrow? That’s hard to say. What I do know, is that all the elements necessary for a catastrophic dollar devaluation have moved into place, especially in the past month. That is to say, there is now nothing preventing a steady and precipitous fall in the Greenback over the next six months or more. Below are many signals which indicate such an event is near:

Dollar Index Plummeting: Interestingly, there has been very little coverage in the mainstream news of the dollar’s continuous 9 week decline, the longest straight weekly decline since 2004. One would think this is something that might concern the general public, and not just investors:

http://www.marketwatch.com/story/dollar-consolidates-as-markets-await-payrolls-2010-08-06

http://www.bloomberg.com/news/2010-08-07/dollar-index-falls-a-ninth-week-longest-since-2004-as-fed-meeting-looms.html

The dollar is also nearing a 15 year low versus the Japanese Yen:

http://www.reuters.com/article/idUSTRE6713HB20100806

Only in the past few days have some MSM analysts ventured a response to this issue. So far, their primary excuse is that the dollar decline is due to the coming Federal Reserve meeting on August 10th, in which many suspect that the Fed will announce further stimulus measures and further inflation of the dollar. Of course, most Fed stimulus has remained undisclosed to the public, so there is really no way of knowing if they ever actually stopped their injections at all. Also, this excuse does not explain the 9 week duration of the dollar slide, especially since two months ago very few people even considered the possibility that the Fed would openly announce more liquidity measures.

Some economists might argue that the dollar has declined severely in the past, but has always come back. That is true, however, in those instances the dollar was not falling at the same time as stocks! Yes, the traditional inverse relationship between the DOW and the dollar seems to be ending, and this is a dour sign for the Greenback. In the past, the dollar has benefited as a safe haven investment. When stocks went south, investors would throw their money into dollar backed securities like Treasuries in order to protect their savings. This caused the dollar to go up in value. In the past few months, though, the dollar has begun to fall in tandem with stocks, meaning, people no longer trust the dollar as a safe haven investment as they used to. If this trend continues over the next few months, it may be a sign of nearing dollar collapse.

For those who want to keep tabs on the dollar index, go here:

http://www.bloomberg.com/apps/quote?ticker=DXY:IND

China In Position: We have been warning at Neithercorp Press for years that China was positioning itself to dump its vast holdings of U.S. Treasury bonds and allow its currency, the Yuan or RMB, to appreciate in value. China has aspirations of world reserve status, and they have openly stated their goal of replacing the dollar as the premier internationally traded currency. I received a lot of ridicule back in 2008 and 2009 for suggesting that China was morphing its financial system away from exports and becoming a consumer based hub for the East in preparation to dump the dollar. Needless to say, China has indeed done this, all while MSM talking heads and their parroting followers continued to deny it was occurring. Now, members of China’s financial community, including former central bank advisers, are openly calling for the Chinese government to end its investment in American debt:

http://www.bloomberg.com/news/2010-08-03/treasuries-lack-safety-liquidity-for-china-yu-yongding-says.html

This news is compounded by an announcement from the Chinese Central Bank which set the gold investment community ablaze; China’s government is now fully opening markets to support gold investment and is even helping its banks to begin diversifying into gold:

http://www.reuters.com/article/idUSTRE6743ZF20100805

In China’s strictly controlled economy, such a change of policy is tremendous news with serious implications. China is the largest gold producer in the world, yet, the demand for precious metals is so high (especially by their central bank) that they are increasing shipments from overseas sources. This is good news for gold investors, but bad news for the dollar. China suddenly opens the gold floodgates (gold is the primary hedge against dollar collapse) while at the same time openly discussing the liquidation of their U.S. Treasury reserves? This is not a coincidence.

Another factor of some weight is the issue of weak spending power within China. Some argue that China’s low interest rates are creating a savings shortfall for Chinese consumers, making their move towards a consumption based economy difficult. What they don’t realize though is that this is yet another reason for the Chinese government to dump T-bonds and create a surge in the Yuan’s value. This would be an ideal method for increasing the buying power of the Chinese consumer:

http://www.bloomberg.com/news/2010-08-06/china-rates-seen-robbing-consumers-to-help-banks-as-5-growth-risk-looms.html

Whether or not China’s goal is to help global banks deliberately destroy the dollar, they have the perfect alibi: The U.S. government demanded that China let the Yuan rise in value, China’s new consumer based economy needs a stronger Yuan if they are to survive, and the U.S. dollar is no longer a safe investment anyway. I’ll say it again; China is now ready to dump the dollar at anytime.

Housing Market Threatens Dollar: Remember Fannie Mae and Freddie Mac? You know, the mortgage agencies which hold $5 Trillion in sinking real estate securities? The companies that our Treasury has promised a never-ending bailout to? Well, they are back again. Fannie Mae has asked for yet another bailout after continued shortfalls. I have lost track of how many bailouts this makes:

http://www.marketwatch.com/story/fannie-taps-treasury-again-after-quarterly-loss-2010-08-05

These bailouts drag directly on our national debt, and are costing the American taxpayer billions. Why do Freddie and Fannie still need money? Because the housing market is still falling apart! The Treasury and Barack Obama recently admitted that they had “underestimated” the number of homeowners who were still behind on their mortgage payments by two months or more even after receiving government help through the HAMP program:

http://www.reuters.com/article/idUSTRE67553520100807?type=politicsNews


Nearly 20% of homeowners who received government aid are re-defaulting on their mortgages or are near re-default. The government originally reported that the number was only 7.7%. I remember well when the skewed numbers were released and the stock market rallied in jubilee at the success of the HAMP measures. It seemed to me that the government numbers did not jive at all with the rising rate of foreclosures. According to the Obama Administration and Treasury officials, it was an “error” on the fault of Fannie Mae. I suspect it was not error at all, but a deliberate effort to artificially pump up the so called recovery, just as the Labor Department has done in the past with unemployment statistics.

What does housing have to do with the Dollar? First, the Treasury’s commitment to Fannie and Freddie has placed the U.S. taxpayer at the edge of an endless debt vacuum. As long as real estate continues to crumble, as long as people continue to lose their jobs and default on their mortgages, we will have to continue bailing out Fannie and Freddie. This creates the potential for trillions of dollars of debt that will be monetized by the Federal Reserve, putting even more strain on the dollar. Second, the further into debt our country goes, the more tempted other countries will be to back out of U.S. Treasury investment. Currently, the vast majority of Treasury purchases by foreign buyers are short term, maturing in a matter of weeks. The U.S. cannot sustain itself on short term investment. I believe that our nation’s debt issues including the endless fallout from the mortgage crisis will cause a detrimental loss of faith in the dollar and I believe this will occur soon.

States Will Ask For Their Own Bailouts: States have accumulated over $2.4 Trillion in municipal debt (official number) over the past two years alone:

http://www.newsmax.com/Headline/debt-state-governments-local-trillion-federal-rich-states-poor-states/2010/08/01/id/366260

Local bond debts now take up at least 22% of our country’s GDP. These figures do not include the states’ $3 Trillion in pension obligations, which means we are looking more along the lines of 50% of our national GDP tied up in state debt. This has caused some Federal programs to be implemented while others are diminished. For instance, $14 billion has been taken from ‘future’ 2013 food stamp programs to help pay for teachers and school lunch programs now:

http://www.cleveland.com/open/index.ssf/2010/08/food_stamps_or_teachers_congre.html

How this works, I’m not really sure. It sounds very similar to the government method of “borrowing” from future Social Security accounts to pay for other programs today. It’s not surprising that Social Security is now (officially) in the red, and it is guaranteed that my generation will not see a penny of it when we retire (Retire?! Ha! I crack myself up!):

http://www.washingtontimes.com/news/2010/aug/5/social-security-red-first-time-ever/

The point is, not only California and Illinois, but many other states as well, are on the verge of municipal default. Some agencies still rate municipal debt very high, but they also rated subprime mortgages very high, and look what happened! No one in their right mind wants to touch municipal bonds today, and this will invariably lead to insolvency in cities and states, I believe we will see this begin before the year is out.

The response will be predictable; states will ask for Federal assistance to the tune of billions, leading eventually to trillions. States did receive some bailout funds up until December of last year, but it was nowhere near the capital they needed to survive. States are also rapidly losing revenues due to lower property taxes, lower consumer activity, etc. They have nowhere else to turn except a new Federal bailout specifically designated for municipal debt (unless the states want to actually grow some courage and assert 10th Amendment rights, taking back full control of their economies).

Again, the issue is and always has been DEBT. No government in the world has the ability to truly solve debt problems with more debt. There is always a price in making the attempt, and the price is usually steep. In our case, the price is the destruction of our currency. State debts will translate to Federal debts, which will translate to fiat creation and monetization, which will translate to loss of dollar faith, which will translate to loss of the dollar, period.

Turning Point For The Dollar, And For Us…

If you feel like you are looking out over the ocean at the towering black anvil cloud of an approaching tempest, that’s because you are. There are always indicators. The air electrifies, the waters whip and swell, the atmosphere grows heavy. Economics is the same way. After a time, you begin to feel the intensity of the financial stratum. The imbalances of the markets crackle, and thunderous roar of the typhoon grows near.

I and many other researchers hear this sound in terms of the U.S. dollar. The potential for a monetary breakdown has arrived.

I find there is persistent confusion amongst analysts as to what constitutes inflation. In my humble opinion, any event which causes the dollar to devalue and prices to rise is inflation. This does not necessarily require “overprinting” of physical money to take place, though I do believe overprinting is happening behind closed doors. The dollar can be compromised in many ways, not just through runaway fiat creation. Any loss of our world reserve status will result in a major devaluation. Any extended dumping of U.S. T-bonds by other countries will result in major devaluation. The endless accumulation of national debt without the backing of foreign capital will result in major devaluation. All of these problems are active in our economy right now. The end result; simultaneous inflation and deflation, and they don’t cancel each other out!

Some people regard this kind of information as “fear mongering”, or “doom and gloom”. Fear mongering suggests an exaggeration or even fabrication of facts in order to frighten the reader towards some particular end. It’s supposed to somehow benefit the fear monger. Nothing written above is an exaggeration, only a relay of the cold hard reality we face as a society, and frankly, I gain nothing by frightening anyone with these facts, not even notoriety, since I report under a pen-name. At bottom, if someone is terrified by the truth, that is their problem, not mine. The accusation does make me grin sometimes…

I have even come across a few people in the survivor and preparation field who seem strangely bothered by our efforts. The behavior is puzzling, but I suspect that some see the realm of collapse information as their own personal domain, one they would like to keep to themselves. And some, perhaps, feel that we are dwelling too much on the activators of collapse, when we should just make a few preparations and then go on with our day.

I and other researchers do what we do because we want others to be aware and organized. We give you the difficult data because we want you to stay informed and up to date on the latest developments, developments we feel you have a right to know about and the strength to take. Our goal is to fill the void of information that the MSM has left in its wake. There is a difference between paranoia, and vigilance. The paranoid only see threats in truth, threats they feel they can do nothing about. The vigilant see opportunities, ways of using the truth to deal with the dangers ahead. By keeping track of economic developments, the vigilant are far more mentally prepared than any survivalist who chooses to ignore them.

The gravity of the coming currency crisis is a crucial issue. According to the data, it is no longer a question of ‘if’ but ‘when’ it will reveal itself completely. We aren’t dealing with hypotheticals here, we are dealing with eventualities. The sooner the American public accepts this, the sooner we can confront the trouble head on.