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The Credit Crisis Is Not Over After 23 Months
- Text size
The next major move in the stock market will be down. We are seeing the last vestiges of a rally similar to what we saw in 1931. The rally we expected at 6600 up to 8500 will end as soon as all the financial institutions that need to sell what stock is necessary to bolster their balance sheets. Our guess is the rally has been aided in a big way by short covering and the participation of the US government. Those who believe the SEC has stopped naked short selling are sadly mistaken. Markets weaken during the summer as volume dries up during the vacation season. In addition, second quarter earnings will be very disappointing, especially in the financial segment. Unemployment continues to worsen and capacity utilization is at its lowest level in years. Banks continue to cut credit lines and not lend nearly as much as they did before. Citigroup’s earnings should turn down again. They won’t have another $2.7 billion gain or another $400 million mark-to-market fictitious gain. Absent those gains they would have lost $2.8 billion.
The credit crisis certainly isn’t over after 23 months. The credit markets are still very tight and the residential and commercial real estate markets are still in a state of collapse. In the midst of this ongoing fiasco the Fed is monetizing $2.2 trillion in treasuries, Agencies and CDOs, collateralized debt obligation, otherwise known as toxic junk. Our fiscal deficit for this year ended 9/30/09 will be between $2 and $2.5 trillion, followed by more than $2 trillion in 2010.
Times are tough, everywhere and export nations are determined to keep their products cheaply devaluing their currencies.
When all is said and done the Fed will have to remove hundreds of billions in toxic assets from lender balance sheets, get consumers to spend and allow banks to lend again. Ben Bernanke at the Fed would really like to see a lower dollar, to get consumers to spend. But if that happens interest rates will move higher hurting real estate sales. As Ben dreams, unemployment increases adding more downward pressure on home prices, causing lower prices and reducing equity. Congress is pushing to have returned TARP money back to the Treasury and the PPIP program looks like a nonevent, because it could cause insolvencies. Public funds would be used to protect bondholders of mismanaged companies. Ben and Tiny Tim want to reopen securitization markets that caused the problem in the first place. They have to be insane. They want to bring back leverage that caused this monstrous problem we have.
The TALF, Term Asset-backed Securities Loan Facility, makes non-recourse loans, willing to buy AAA bonds backed by consumer and small-business loans, in a market that is frozen. Then for private investors there is a guarantee because the loan recipients cannot pay the loans back. This would cost taxpayers hundreds of billions more dollars.
The public is de-leveraging, which means less consumption, less profits and more savings. The bear market is far from reversible. The rally is over. Dow 6600 will be retested. The basis and support for growth no longer exists. Credit markets are still semi-frozen and the financial system is no better off now than it was 23 months ago.
The big foreign lenders have brought a new global dynamic into the game. Rising yields are a signal that the unusual dollar rally that should never have been, is over. The safety of the dollar is no longer sacrosanct. In fact, it is being in some quarters perceived that the dollar is no longer safe and it has to vie with gold as the safe haven go to asset. Fiscal deficits are projected this year to be $2 to $2.5 trillion and well over $1 trillion annually for years to come.
Commodity prices have surged over the past several months as the dollar has weakened, which reflects anticipated future inflation as well as rotation. We have seen this reflected in precious metal prices as well. The leeway the Fed experienced some months ago via deleveraging has past making it much more difficult to employ quantitative easing, monetization. The job of pegging long-term as well as short-term interest rates will be difficult and very injurious to the value of the dollar, as more and more money and credit are made up out of thin air. Trillions of dollars of MBS, ABS and CDO being purchased by the Fed incurring long-term losses can’t be tolerated indefinitely.
Sadly as the Fed and the Treasury go so does most of the nations of the world. In that case most all currencies depreciate against gold. Yes, the Fed can drive rates down, but for how long? Especially as the economy fails to perform and taxes rise as do borrowing costs. Import costs are already rising as well. Foreign lenders, with each passing day, become more skeptical of monetization, the damage it will do to the dollar and the Fed’s ultimate ability to retire dollars from the financial system. Dollar selling will feed on itself under those circumstances pushing the dollar lower versus other currencies and gold. It is now only a question of when will the system break? We do not know that, but we do know it will break and the only safe haven to preserve wealth is in gold and silver.
Higher interest rates have to have caused great consternation in the banking community concerning their IRS and CDS swaps. This is an unregulated market so no one except the players know what is going on inside. For a number of years these contracts have caused interest rates to be abnormally low. If these swaps were to blow up interest rates could and probably would move substantially higher.
The big loser in all of this will be the dollar as more and more dollar owners become fearful and sell dollars. If you look at a USDX chart you will see what we mean. A total breakdown as the dollar struggles to begin momentum and break out over 81 again. It is not going to happen. The question is how long will it take to get to 71.18? We can list all the reasons for pressure on the dollar, but you already know them.
The Fed is monetizing about $2.3 trillion in Treasuries, Agencies and CDOs. We said week’s ago that these monetizations would be followed by an additional $2 trillion if not by the end of this year, by March 2010. The Fed has no other choice. This is going to go on indefinitely until the dollar reaches 40 on the USDX and at that point no one will want to buy dollar denominated securities or to even borrow dollars. That is when we’ll have our next Bretton Woods type conference where all currencies will devalue and default and gold and silver will reach great heights. We saw all this coming when we warned you earlier in the year that you had until June to refinance debt. We hope you did so. We are now entering a new stage in real estate. Price pressure is going to press a further downward bias that will last a minimum of 3-1/2 years. How long we will be on the bottom no one knows.
This is why you do not want to own US Treasuries or US corporate or municipal bonds. A better currency is the Canadian dollar if you must have money in Treasuries. All your funds should really be in gold and silver related assets.
- A d v e r t i s e m e n t
The Ron Paul strategy in HR 1207, now with 225 co-sponsors, the Federal Reserve Transparency Act of 2009, and the companion Bill in the Senate S604, The Federal Reserve Sunshine Act, sponsored by Bernard Sanders (I-VT) will uncover what the Fed and its owners – the major banks – have been up too; particularly in rigging markets.
It looks like HR 1207 will be passed in the House. Now train your guns on the Senate. Hit every Senator with: Dear Senator, Please co-sponsor S604, the Federal Reserve Sunshine Act of 2009, and make it become law. Sincerely, etc. Short and sweet and to the point. No comments or opinions.
The Fed is in a box and cannot get out. We have to make sure they do not get out by investigation, exposure and destruction. The Fed is the core, the nexus of the Illuminati. Few in the media or in business will tell the truth because they are either in on it or they are terrified to talk about it for fear of being destroyed. This is the kind of world we live in. you can still do your part by contacting the Senators. We want them buried in emails. This is our chance to finally win without bloodshed.
President Obama has begun selling his healthcare program. He presents it as a reduced cost, guaranteed choice, quality plan for all. The reality is government programs will result in higher costs, no choices and inferior care. The legislative vehicle for this health care deception is planned to be in the budget reconciliation bill, which requires only 51 Senate votes for passage instead of the 60 needed to authorize new programs.
The Kennedy Plan promises that all Americans will have health care, employers will have to contribute to the costs. A government program will subsidize premiums for people up to 500% of the poverty level, that is $110,000 for a family of 4, and private insurers will have to pay out a specified percentage of their premium revenues in benefits. There is no provision for funding the program, so it looks like perpetual deficit spending to cover the costs.
Healthy people will be forced to pay more for their insurance in order to subsidize those not as healthy, those who have ruined their bodies and minds and the old.
Fines will be imposed if you do not provide health care for employees. That means the employers will not insure employees and pay the cheaper fine, or just go out of business.
That means 100 million people happy with their programs will have to take an inferior government plan. Then, of course, is the bureaucracy, which dictate treatment and who will live and who will die.
Part of the proposal includes a proposal to tax these health benefits with current employer-based health insurance.
We are promised cost savings by putting all Americans’ health records on a uniform computer system, which will be eventually mandatory for all countries. These totalitarian controls will be forced on all doctors and terminate all medical privacy.
Healthcare will be rationed letting bureaucrats decide who gets treated and how and who will be allowed to die. Seventy percent of medical lifetime costs occur in the last year of life. We already experienced this with a doctor and I asked him which side of his head he’d like his brains blown out of.
Part of the legislation would provide healthcare for illegal aliens, which 80% of American voters are opposed too.
It would be far more constructive to begin to fix the problems in Medicare and Social Security then try to create an expensive new system.
On the other side of the spectrum are those who want a single-payer-approach like those used in Europe. Congress has said they won’t even consider it, this in spite of the fact that any other plan will leave the big insurance companies in charge and keep hurting patients. Someone should tell these poor ignorant souls that both parties are promoting corporatist fascism.
The real deep-seated problem is that the health insurance companies and related industries are major campaign contributors to members of Congress on both sides of the aisle. Senator Grassley is a good example. Since 2005, he has collected $1.3 million in donations from industries related to the health insurance debate.
In a different perspective on healthcare the US will spend 15.4% of GDP both state and private. With that it gets 2.6 doctors per 1,000 people; 3.3 hospital beds and its people live to 78.2 years.
The question is how do we cut down medical costs? There has been some pressure to do so, but costs go relentlessly higher. Senators and congressmen receive hundreds of millions of dollars from the industry to continue their gravy train. Then there are the investors, bureaucrats and preexisting conditions.
Mr. Obama doesn’t have the answers and neither does the industry.
How can anyone not expect interest rates to rise? Mandated programs such as Medicaid, Medicare, Social Security and the FDIC and the Pension Benefit Guarantee Corp., and a host of others have us over $100 trillion the short-term.
We have been in a crisis financially and economically for 23 months. We were in recession from February 2007 to February 2009, and we have been in depression since this past February. The budget deficit for the fiscal year ended 9/30/09 should be about 15% of GDP the largest deficit since WW II or five times last year’s deficit. The Treasury and the Fed have created money and credit of some $14.8 trillion and next year we project over $20 trillion – this as our government acquires large stakes in banks, brokerage houses, insurance companies, health-care, mortgage companies and auto and truck manufacturers.
As a result of this dreadful profligacy last month in May we began the beginnings of inflation resumption that will soon become hyperinflation. Interest rates will continue to rise as will gold, silver and commodities and bonds, stocks and the dollar will decline against other currencies and gold and silver. Business will be forced to pass on price increases or go out of business. Currency in circulation, which nominally is 10%, is now 50% of the monetary base and bank reserves have risen by 20-fold. Banks have this huge position as a reserve against their liabilities. This allows banks to float or extend the day they’ll have to write off their losses.
Banks are able to expend their loan making abilities, but they have not done so as yet. As this loan constriction continues the expansion of money and credit is running at about 18% annualized. This will in time result in higher interest, which are underway and higher inflation, which we’ve begun as well. By way of example, M1 is near 15% the highest level in 50 years.
We are looking at a monetary policy far more inflationary than in the late 1970s, we know we were there. That wasn’t a pretty picture and neither will this be. We saw inflation at 13.5% and the prime rate at 21.5%. We saw gold rise from $35.00 to $850.00. This time it could go much higher.
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June 18th, 2009 at 12:39 pm
WTF is credit?!?
Worker Bee Reply:
June 18th, 2009 at 7:07 pm
There is no credit crisis, There is a PAY and JOB CRISIS in the USA!
Nothing the government want to talk about, now that election is over with.
Now it is about making sure the corporations and banks keep up their profits.
dohan Reply:
June 19th, 2009 at 1:49 am
crybaby glenn beck has serious blood on his hands http://www.youtube.com/watch?v.....annel_page spawn of 9-11
BAMBAM Reply:
June 18th, 2009 at 7:33 pm
This just might be how it really it is, something to think about:
All attempts of reasoning with the ruling party
will be crushed. Letters and petitions to the
government are futile. The events you fear are
already in place and your neighbor cannot change
the fate of this country or the world. Attempts
to overthrow the ruling party will be met with swift
and decisive action against the citizens. Citizens are waiting
for their neighbors to do something while the neighbor is waiting on them.
Citizens are not a cohesive group like those rulers in power. Citizens are
followers to those that rule them, they are dependent on their rulers. Citizens are sheep and cannot organize effectively to make a difference. Those that try will be dealt with severely so as to set the example for the rest of the heard. Citizens do not have the resources or the finances to compete with the ruling party. All citizens can do is meet in large gatherings and carry cute signs and wear funny outfits while they complain about their rulers. The rulers just laugh at these citizens and play games with them. You cannot reach or touch your rulers, but they can touch you thanks to the census bureau. Complain all you want, your rulers are plowing up your green pasture. The party is over. Talk, complain and petition all you want, this is not how your rulers get things done. Your rulers accomplish what they say, citizens only repeat what they say, over and over. Citizens are so powerless but cute like sheep. Your rulers are sorry about your not so green pasture, not! We have you enclosed on all four sides. It is time to shear the sheep. You will prosper only if you are part of the ruling party or you can discover your own country and become your own ruler. Otherwise, you will be sheared whether you like it or now. Ba Ba Bye little sheep.
Hmm anybody think this might be reality? I’m beginning to think so. We look pretty pitiful and powerless. By the time we get HR 1207 passed, they are 10 steps ahead of us and not looking back. Maybe we are fooling ourselves here in order to retain some glimmer of hope. They do not operate like we do, they don’t play by the same set of rules they impose on us.
Think about it! And then find a life raft!
Tactuis Reply:
June 19th, 2009 at 7:13 am
You my friend are already dead, but just don’t know it! How does a person like you find a reason to live each and every day? How can you call yourself an American, a Patriot much less a man with a mindset such as you have? I’ve known a few like you in my life and they were always the first to lie to save their own butt, the first to turn in a friend or if unable to stay out of the service, the first to die in battle!
The real threat to this nation and it’s people is this new generation of cyber-warriors who talk the talk but don’t choose to walk the walk! May god have mercy on you and the rest like you, because the rest of us won’t!
BAMBAM Reply:
June 19th, 2009 at 1:13 pm
TACTUIS, you are like a blind man navigating the unknown forrest in that you know nothing about me or what I am capable of, nor do you understand the capabliities of your adversaries. You will be the first to die or be arrested in your lame attempt at revolting against one the strongest militarys in the world including the UN’s force. Don’t think for one minute that your fellow American in the military or law enforcement will allow himself and his family starve for the sake of yours. To do so would be a disastrous mistake by you. The majority will do what they are told or face the consequences as evidenced by the current political events.
History has already shown this as well. The only battle you need to worry about is the one between yourself and God, this is one battle that can be determined in your own time and choosing, and the only battle that matters. For the final battle for eternal life and freedom is not with your government,country or fellow man, it is within yourself. Each and every one of us holds the key to happiness in our hearts and minds. We should not concern ourselves with what the wicked do here on earth; their time will come with the Wrath of God; that is his battle. You are not judge and jury. If God recruits you in his army, you will know it is divine. You are only here for a short time and nothing here belongs to you nor will you be taking it with you. Get over your patriotic violent dillusions and Join the army of the almighty, he will answer your questions and take care of your needs. Man thinks he has the answer to everything when he really knows nothing at all. Man is clueless. Nothing is perfect on earth…get that through your head, no system of government is perfect, so protecting one system over the other is useless, they all fail with time, they are all corrupt. That is the reality of this world. Freedom on earth is an illusion, it does not exist. You will continue to see your country change, and no one will be able to stop it. Try as you may, but it will not happen, you only have to read the bible to understand this. Repent to the Almighty and you will be spared, defy his power and you will perish with your enemies. Patriotism is ony a state of mind, being one with the lord is a state of being. He will make known to you his desires, not your mind.
Be well my cyber warrior friend and goodluck.
House Reply:
June 19th, 2009 at 11:21 am
“WTF is credit?”
It’s the tool the corrupt scum banksters use to enslave those who are blinded to the truth…..
just as the 2nd Amendment is the tool which keeps all men free……………
June 18th, 2009 at 12:49 pm
The dow was at 9800 when bob made his prediction in jan., and its been down ever since. He said it would go down to 4000 by the end of july or aug., then spike then collapse at the end of the year. So far he’s on track.
COCKSTRONG Reply:
June 18th, 2009 at 1:51 pm
Man, you’re slurping Chapman hard today Roaddie!
It’s really simple. Not complex whatsoever. Here’s what you NEED to do —
REPENT AND BELIEVE THE GOSPEL! –Jesus of Nazareth, AD 30
roaddog Reply:
June 18th, 2009 at 3:28 pm
suck your name, bitch
laughing man Reply:
June 18th, 2009 at 10:02 pm
HAHAHA, good one Roaddog!
Alexis Reply:
June 19th, 2009 at 8:07 am
Average at best, Laughing man
June 18th, 2009 at 12:56 pm
Get prepared before it’s to late. Google Life Caps. “The worlds first survival pill”
Use coupon code Go Caps and save 33 %.
Armed*Serenity}-;='--- Reply:
June 18th, 2009 at 4:07 pm
It’s not the first and it is hardly a survival tab, its just an overpriced vitamin. If you want “real” survival tabs visit http://www.campingsurvival.com/surtabnewcon.html or other sites, don’t waste your money on life caps.
June 18th, 2009 at 12:57 pm
Anyone who has ever went to a VA hospital and sat in a waiting room for 9 hours before they were treated already know what to expect from government ran health care.
June 18th, 2009 at 1:03 pm
survival dvd over 3+ gigs of survival guides, military manuals & videos
http://surviveuncensoreddvd.yolasite.com
$5 off to all info warriors just send $20 with note inside with the phrase”infowarrior” written on it
martial law, ww3, anti-terrorism, self defense, first aide, survival, hunting, fishing, trapping, water purification and much much more over $3,000 worth of books, manuals,guides and videos
June 18th, 2009 at 1:19 pm
get your solar power system up and running before it’s too late!
Get off grid power for less than $1000!!!
http://www.ogrecontrol.com
June 18th, 2009 at 2:02 pm
“The Credit Crisis Is Not Over After 23 Months”
Apparently, there is no shortage of people stupid enough to believe it WOULD be.
NorthernWarrior Reply:
June 18th, 2009 at 3:00 pm
“Apparently, there is no shortage of people stupid enough to believe it WOULD be.”
Tell me about it. Everyone I talk to is pushing the “green shoots” Kool-Aid. Fools.
Gary Reply:
June 18th, 2009 at 4:22 pm
Same here. Everyone I talk to just says, “Oh, it will be over with soon.” I give them the same kind of look they’d probably give me if I said 9/11 was an inside job.
Madman Reply:
June 18th, 2009 at 9:08 pm
You dump enough manure out in the desert, and you’ll get green shoots. It doesn’t mean that the desert is now great fertile ground, just that your at least knee deep in s*it.
June 18th, 2009 at 2:38 pm
I am beginning to realize that there will never be a crash when the I.M.F. takes over the world economy.
Fiat money is imaginary so when it is controlled by one entity.
There are no free markets, they can print and control any inflation by imaginary credit.
The credit crisis is a man made fiction.
The collapse of the dollar is not by free markets but man made fiction.
Try watching a sci-fi movie and be fearful that aliens are going to attack you after leaving the movie theaters.
Same comparison.
Now they control the world economy. Only an audit could reveal the magician tricks.
People now accept Wall Street is controlled gambling, but still not smart enough to realize all economic discussion is sci-fiction.
But go ahead and keep thinking one day the dollar is going to collapse and we get to laugh and tell them so.
They are the ones laughing because they control everything.
Like trying to cash in on the reward money for catching Bin Laden. We all know he is dead and the hunt for him is fictitious.
Why not raise the reward to 1 Trillion dollars?? You still see more hunting for Bigfoot than Bin Laden.
Gary Reply:
June 18th, 2009 at 4:29 pm
In a certain sense, you’re right, even though we know that there ARE actual negative effects from the proliferation of fiat currency and easy credit. Those effects will still be just as real, but in a completely controlled economy with a completely controlled media, they can create the illusion that all is well and the negative effects can be concealed, to an extent. This will be even more the case once they’ve completely done away with cash and replaced it with digits. Then they can simply deny there are any negative repercussions and no one will ever know the difference. They’ll think the government has “solved” the problem.
Neocon Narc Reply:
June 18th, 2009 at 5:18 pm
Thanks for helping me understand it is not completely sci-fi.
You seem very informed and intelligent about the subject more than me.
I think it is like the Bernie Madoff Ponzi scheme.
He never invested one penny in stocks, because he knew it was a scam.
When they want to say the dollar crashed or went down, they will take the steps.
But the money did not disappear, the investors illusions went away.
Madoff really did collect that money from those people, but the profits and losses were imaginary.
The I.M.F. did not take any real money from us. I feel like it never existed and the ponzi scheme is that we think it does exist as debt.
They never provided real money, just debt.
When I buy a property with cash, I think it is mine. But in reality it can be taken away at any time for legal loopholes.
The cash disappears, the property disappears, and I never possessed either.
The banks are loaning us these items at interest. Whether it be cash or property, you never owned either.
Your right as a human to pick up a rock and keep it is yours. Regardless if someone is standing there charging for them.
Gary Reply:
June 18th, 2009 at 6:25 pm
Thanks. Yes, the fact is, our “money” only represents debt – the debt to the banksters, owed by the government and, by extension, the people. So, when we purchase something with cash, or even when we purchase something with a credit card, denominated in “dollars,” we are just exchanging a unit of debt for a tangible product or services. The strange thing about it is that we get something of real value in exchange for something that has no value at all, other than what the Fed says it’s worth. I really wish we could return to the days in which people made most everything the needed with their own two hands and the materials nature provided for free. The reality is that few of can and even fewer will.
Neocon Narc Reply:
June 18th, 2009 at 9:10 pm
I agree with you. Right now the Barter system looks more affordable than the Fiat route.
They sure were afraid we were going to realize that when they threatened Martial Law for TAARP money!!
In the end the magician keeps the coin he pulls out from behind your ear and tells you to hold it tightly in your hands.
Cameron Kashani Reply:
June 18th, 2009 at 5:51 pm
It has and always will be that in order for people to accept a NWO or any new social structure you need to create a ’shock event’…Naomi Klien “Shock Doctrine”..I’m not going into detail of past shock events because I hope that we are all aware of them but you definitely can expect a shock event on the horizon that we have never ever seen…Fiat $ collapse all over the world..It’s simple that every shock must be more severe than the last in order to induce the effect…kinda like a drug user requiring more of a drug to get the same high…Make no mistake it will happen the problem is people will eat up what they are feed so we shall see…When you see that the shock doctrine applies to the social consciousness not your individual consciousness…they can’t get around that so they sci-fi ly create or engineer a catastrophe and shock they herd to the place they want them..
June 18th, 2009 at 3:06 pm
NeoconNarc, Bin Laden is in a deep freeze at a secret location in Virginia. Watch, soon they’ll defrost and toss him from a helicopter at altitude. Over YOUR house, maybe;-)
http://www.youtube.com/watch?v=u03TfQN1pXo
June 18th, 2009 at 3:33 pm
More money, throw more money at it, that fixes EVERYTHING…….yeah, THAT’S the ticket……..
I think I have one sperm cell left that hasn’t been sold into debt slavery as of yet.
tazer vest Reply:
June 19th, 2009 at 4:10 am
lol
June 18th, 2009 at 3:49 pm
HERE: Stream and Download ALL the best interviews and rants from the Alex Jones Show Archives:
http://alex-jones-archives.politicsfiles.info/
TODAY:
- {Director} William Lewis (In-Studio):Bubbles, Panics and Depressions
- Weird Hexadecimal Code in Telegraphs Operation Blackjack Part 5
- “POWER GRAB” by The Federal Reserve Banksters
Backup your favorite episodes, don’t miss any!
June 18th, 2009 at 4:15 pm
http://www.stevequayle.com/New.....ero_10.jpg
THE AMERO DOLLAR IS HERE
Gary Reply:
June 19th, 2009 at 11:01 am
Does Quayle have an article that goes with these photos? After the Hal Turner “Amero” hoax of 2007, I’m highly skeptical when I see something like this, although it looks exactly like what I’d expect the Fed to crank out. If I’m ever handed a bill in change that has a picture of Paul Warburg on it, I’ll burn it.
June 18th, 2009 at 4:37 pm
Freiends of Alex Emerick D’Kookvile. Relax! Chill out! Gunderson Rail Company is sending each of you A case Of your Favorite Beer! Compliments from Glen Beck and Ronnie Paul. You know the Paul that let you down!
June 18th, 2009 at 6:33 pm
Anybody who bothers to read, research, use there own mind, able to see beneath the surface of things, pay’s full attention to the pattern of what is happening around the world regarding Corperations, Government and Banks. Anybody who detects something wrong with all the War issues, the Iran issue, the N.Korea issue, China, Pakistan, India, Russia, Iraq Afgahnistan, Africa and so on, has a pretty good idea of what is going on. The elitists (This includes the Executive CEO clubs and Government people) have been racking in millions for some time now while throwing out the ordinary citizen into the streets without any regards whatsoever. They obviously know something we don’t. The economy can not be recovering and will not recover, if ever. You are either very badly misinformed, taken by the media, gullible or just stupid, if you think the economis situation is getting better. The plan is to build an all around new system that will benefit the Elitists even further. To wipe out the middle class, to create scared obedient slaves. Whether it is by disease, World War, Nuclear bomb or all of the above, it is already underway and we will soon come to realize. Even the most hardliner, stubborn, idiotic phony patritotic racist thugs, will have realized they’ve been taken. Then my dear idiots, you will join the fight or die stupid.
June 18th, 2009 at 6:56 pm
I’d like a case of Jacobsen Vintage No. 1 please……….please insure it
June 18th, 2009 at 8:32 pm
With the general investment strategy being gold for safety, how long is it until their is some sort of engineered crash on its value?
June 18th, 2009 at 10:41 pm
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
June 18th, 2009 at 11:48 pm
this sort of story was foretold 25 years back what did you think that the global elite were not going to accomplish there plans. watch the ziegiest on you tube then you’ll get the picture,we were right in the middle of a revolution because of bush dictatorship on u.s. soil then all of a sudden bang out comes obama they had to put a blackman on office to calm and get the fear out the public we as americans bought it and now must suffer the repercussions. obama is about to bring in this new world order blindfolded and the bilderbergs over in europe are celebrating!! wake up america cause this is your first and last fate do you think they care who becomes encrypted (chipped) im gonna be frank realistically whoever doesn’t have money cannot be part of this new world order so basically your dead they are not telling you that until your number pops up!!
June 19th, 2009 at 11:04 am
This article is wrong on one thing. HR 1207 and senate counter part will never make into law. You think that Obama will sign them into law? Never. He is owned and controled by the banksters. A true audit lead by Dr. Paul would kill the banksters. When he vetos these bills and what ever they are attached to. This will be covered by the media for about five minutes then brushed under the rug.
What we all need to do is spread the word about these bills to all americans. We need to emphasize how important Obama’s promise of transpanrency is. So when Obama vetos them it very well could be the turn for a majority of people agnst this administration. I can see in an act of desperation the eillites rushing in the NWO government then UN troops in our streets the s--- will really hit the fan then.
June 19th, 2009 at 11:35 am
The crisis is a very large version of the Saving and Loan take over.yes take over.They created deregulation -led to over lending on overpriced and risky paper-then cut off monies to the S.&L.’s-after they became insolvent when it was time they came in and bought up the assets for pennies on the dollar.Consolidating competition against Fed banks.Its full bore again an this time the push is for a World Bank.To keep the system working the yarn must be reinvented and sold to the world.The Great Work is coming to completions.
June 19th, 2009 at 4:15 pm
Ahhh yes, the S&L “crisis.” I remember it well. At the time I was a real etstae appraiser. I saw this current fiasco coming 5 years ago. It is the exact same scenario. As said above, consolidation. This time in the banking industry, but this time the Fed is collecting up banks for pennies on the dollar, and now consolidating more power through Congressional legislation. Of course we have not 1 single Congressional member with any back bone or thin thread of honesty and will allow the thugs at ther Fed to take over, “nationalize” our entire banking system, and thus the economy. We are now totally at the mercy of the Fed.
The thugs have us now. World Banks and the Amero are not far off. Any wealth you thought you have will soon be gone, bought up by the Fed gansters for pennies on the dollar. You will issued a few Ameros or new currency for your entire lifes savings.
Those that have lost their jobs in the last 18 months, resign yourself to never finding another job that will pay as much as your last one. Manufacturing is all being moved to the Communists in China or other 3rd world countries in SE Asia. All part of the plan.
Goodbye USA … hello Third World!
June 20th, 2009 at 2:47 am
The real question we all should be asking is. When are they gonna come to our doors and tells us to get on the trains. They will have to kill me cause i ain’t getting on any train!!!!!!!!
June 20th, 2009 at 3:04 am
I also love how people who think they are in the know say the country is full of sheeple. I tell you how you fix all of this. Revolution plain and simple. Nsa if you think i am a wacko fine. We can say
all this crap all we want rants are great. If i die fine we all gotta go sometime. The American men
have to grow a set of balls stop hiding behind your computer buy weapons store food.Talk to one another stop being isolated a-holes. No one is putting me in a camp. We are the enemy get
it through your thick skulls. f--- rockafeller f--- soros f--- looney toon obama!!!
June 20th, 2009 at 8:02 am
1) Why can’t we monitize OUR debt?? House, credit cards, etc, level the playing field
2) How about a nationwide American Worker strike EVERYONE stays home
other suggetions??
June 20th, 2009 at 10:55 am
How about this for a viable option?
http://www.kickthemallout.com/
I too have suggested the nation going on “strike”, the problem with that is there would be 100 people in line to replace you in 10 minutes. Not everyone would have your drive….not when money was involved.
June 21st, 2009 at 8:25 am
Alex is wrong he says the pentacon is speculation clik here watch the video and disagree with alex you will get to the head of the line and tell him to watch this http://www.thepentacon.com/eyeofthestorm.htm if this man isn’t an operative of F B I why did he lie about where his car was in front of the pentagon on 9-11??
June 22nd, 2009 at 9:37 am
The Ultimate Truthers Tool-Kit http://www.brandonkastning.net.....ction.html , please support The Free Brandon Kastning Mission. I am depending on my Brother and Sister Truthers to help set me free. Please, I am begging of you.