What you are about to read is NOT a fantasy. It is what is happening right NOW. Take your time read it slow. Re-read it if you must. I have and the implication is staggering.
Renowned Funds Manager Juilan Robertson Predicts Global Economic Collapse
There was an interview on CNBC of the renowned funds manager Julian Robertson. He is one of the greatest of the old-timers. 53 years on the Street. He manages the Robertson group of funds. They used to call him, still do call him ´Never Been Wrong´ Robertson. He has predicted every economic cycle, every debacle, every bull market, and every bearmarket. Of course, he´s a very old man now. But his reputation on the Street is like nothing you could imagine. When the segment of his interview was through, his comments alone took the Dow Jones down 50 points. Just on his comments alone.That´s how powerful this man´s reputation is.Robertson was actually a teary-eyed, an old man.
When Ron Insana asked him about his predictions, he said that he´s worried about the speculative bubble in housing and the fact that more than 1/4 of all consumer spending is now sustained by thatbubble, plus the fact that 20 million citizens could lose their homes in a collapse of the speculative bubble in housing, and that the Fed and, indeed, central banks worldwide would act in concert out of desperation to reinflate the globaleconomy in the process, creating an inflationary spiral unheralded in the economic history of the planet.
Insana then asks, what will happen? " "Utter global collapse." Not simply economic collapse; complete disintegration of all infrastructure and of all public structures of governments. Utter, utter collapse. That the end is collapse of simply epic proportion.In 10 years time, he said, whoever is still alive on the planet will be effectively starting again.And the comments were so negative.
I´ve never heard anything like it. From a guy who was 53 years on the Street. This is Julian Robertson, the renowned Republican. And yet he blamed everything on ´the Bushonian Cabal,´ that the Cabal has now consolidated power and money on the planet to the maximum extent possible.
That the planet´s net liquidity--that is, net free cash flow--is now a negative number. That the planet is not simply sinking into a sea of red ink; it is already sunk. The people just don´t realize it yet.The enormity of it was such that he said that the Bush-Cheney regime--calls them ´the Bush-Cheney regime´ (I swear this guy must listen to me)--the Bush-Cheney regime is preparing the nation for transition from democracy into dictatorship because a dictatorship will be necessary to control, not civil unrest.
That isn´t what he said. He said that it will be necessary to control, in 5 years´ time, food and water riots.He said the federal government, that part of Patriot II Act, the internal exile, that the government is going to have to build now huge detention compounds on federal lands, probably in the West where the land is available, to potentially house 50 million or more citizens that will be in financial ruin.
Don’t believe it can happen here in America? Here is a link for the Concentration camps which they started building in the 1980’s . They are manned, staffed, up and running just waiting for the first people to enter.
If you enter one of theses the only way out will be in a body bag.
Food production will fall. And any further effort to control environmental destruction will be abandoned. Inflation will run into the double and eventually triple digits. People will be carrying around U.S. dollars in wheelbarrows like Germany.
AND THE LORD SAID…
“In the last days a day’s wages for a loaf of bread…”And he finally ended his comments by saying that he hopes that he is not alive to see this. And he looks at Ron Insana and he said, "The ´lucky´ ones are the ones who are my age now."
Total collapse of public infrastructure. Total collapse of medical care systems.All public pension plans, Social Security will collapse. All corporate pension plans will collapse.
I´ve never heard anything like it. But he backed that up with some fabulous statistics that I have pointed out before in various articles.
What he did is he did it all in literally one statement literally.
14% of all real estate transactions now being interest-only mortgages, and another 14% of people now, that, when they bought their homes, originated more than 100% of the purchase price in the mortgage and then borrowed further.
What he talked about is he globalized it a lot more than I have in the past by saying that the American consumer is effectively now supporting the rest of the planet, which is true; that consumption rates in all other nations are falling, have fallen to the point that the tax revenues to governments, that the business and industries those nation states are providing is now a net negative number relative to total debt service and public cost, that this existsin virtually every nation state on the planet now.
And he pointed out, more importantly, and I´m trying to think how we imply this or how we express this to the people, what extraordinary times we are living in and how the destruction of the planet has been engineered by the Bushonian Cabal from1980 to 1992, and then from 2001 to present, which has effectively destroyed the economic liquidity of the planet.
And it was absolutely extraordinary.When Insana asked him, you know, he said he had sold all of his real estate and he was moving into one of the new super-secure compounds for wealthy Republicans for when the ´barbarians will be at the gate.´
He said, "Ron, those barbarians will be potentially a third of the American population."Ron asked, "What are your friends doing?"
The implication being wealthy Republicans. And, this is interesting, he said everyone that he knew that had a home worth more than a million dollars in the United States has sold it. They have sold all of their landholdings.
They have liquidated all U.S. securities.
They have bought a townhouse or something in one of the new ultra-high secure semi-secretRepublican compounds with the barbed wire and the machine guns. And then they also own a home, like, in the Cayman Islands or somewhere in the Caribbean.
He spoke of the new Republican high-security compounds that are being built throughout theCaribbean, and even in Switzerland.And this is what he points to: He said the new wave, or where the wealthy Republicans are going in their housing--and he´s right.
It tells you much about what the wealthy Republicans think of where this planet is going: that they all want to livein these ultra-high security communities that haven´t even been built yet.And we´re talking about not simply the guards at the gate. We´re talking about communities the security of which have never been built before.
He´s referring to is these new gated communities that are being built with the 18-foot high walls and the machine-gun-toting guards and underground food lockers, cryogenic food lockers, and their own power plants, their own water. But it bespeaks volumes of where the top 10% of the nation feel the planet is going.The only thing that keeps popping into my mind is - what is it going to look like in ten years´ time?
What comes to mind is the final 30-second shot in the movie Rollover. The famed movie Rollover with Kris Kristoferson and Jane Fonda.The final 30-second shot when the decision was made, when Hume Cronyn is standing in his office in the Citi Bank building in New York with its 30-foot vaulted ceilings and mahogany paneling. He´s got the phone in his hand and he´s talking to thegroup of bankers, the 13 Gnomes, he called them, in Switzerland, that have the last remaining free cash flow in the world.He says, on the telephone...
"Pull the plug."
Then he lights up a cigar and pours himself a glass of brandy. And he looks down on the street. He´s 20 floors up. It´s all plate glass window. It was actually shot at the Citi Bank building. And he looks down the street.
Absolutely bitter cold, 3 feet of snow on the ground.
And all is dark.
The power´s gone.
No more power.
Everything has begun to collapse.
And the wind, you hear this frigid wind whistling through the canyons of the streets around Wall Street, which have become canyons. And there´s a few people there in tattered rags,with steel drums, burning stuff to keep warm.
It shows them,
they keep dumping in U.S. currency to keep the fire going.
And then at the end it shows down between Wall and Broad, there´s like 2 or 3 hundred people, there´s a food riot in progress.And Hume is sitting there looking out of his plate glass window with a cigar in his mouth.The very final scene:
You see the food riots.
Then you see the police come in in these ultra-high-tech-looking riot control, hover vehicles. They´re all black matte with dark red digitized writing that says "State Security."
And they start gassing the crowd.
And then it shows the Citi Bank executive helicopter coming down on top of the 57th floor of thebuilding to pick up Hume. He gets in the helicopter. The pilot actually asks him, "Where are we going?" And he said, "Oh, to my executive compound." The pilot points in the front seat of the helicopter and he said, "We have a case of the 1961vintage Rothschild `61. Mr. Chairman, we secured an extra case for you."Then they fly over where the food riots are. And there´s no power. And there´s trash blowing through the streets. And some of the telephone poles have come down.And they swing over the harbor and most of the boats are swamped or sunk or all grungy.
This is what Robertson´s words reminds me of. ---
* AL MARTIN is an independent economic-political analyst with 25 years of experience as a trader on NYMEX, CME, CBOT andCFTC. As a former contributor to the Presidential Council of Economic Advisors, Al Martin is considered to be a source ofindependent analysis for financially sophisticated and market savvy investors.After working as a broker on Wall Street, Al Martin was involved in the so-called "Iran Contra" Affair as a fundraiser for the Bush Cabal from the covert side of government aka the US Shadow Government.His memoir,
"The Conspirators: Secrets of an Iran Contra Insider,"
( [link to www.almartinraw.com)] provides an unprecedented look at the frauds of the Bush Cabal during the Iran Contra era.
His weekly column, "Behind the Scenes in the Beltway," is published weekly on Al Martin Raw.com, which also publishes a bimonthly newsletter called "Whistleblower Gazette."Al Martin´s new website "Insider Intelligence" ( [link to www.insiderintelligence.com)] will provide a long term macro-view ofworld markets and how they are affected by backroom realpolitik.
Restrictive Release DOA. Doc# 694195-AQ series1A
Protocols for Economic Collapse in America
Events to follow will be headed up by the U.S. Treasury. This is to occur when the economic collapse is no longer containable.
This document is the face document from the public 6900 series of protocols. The underlining force protocols are class 1A level Top Secret and above.
It would start with declaring a force majeure, which would immediately be interpreted by the marketplaces as a de facto repudiation of debt. Then the SEC and the various regulatory exchanges would anticipate the market’s decline, hour by hour -- when Japan’s markets opened the next day, what would happen when the European markets, and all the inter-linkages of the global markets. On the second day, US Special Forces would be dropped in by parachute in the cities where the twelve Federal Reserve district banks are located.The origin of these protocols comes from the Department of Defense. This is contingency planning for a variety of post-collapse scenarios. Those scenarios would include, obviously, military collapse, World War III, in other words, and its aftermath. What we’re talking about now is aftermath -- how the aftermath would be handled.One does not necessarily know how the events would transpire that would cause the collapse, whether it’s military collapse or economic collapse. In World War III, it would become obvious -- when the mushroom cloud started to appear over cities.Economic collapse scenarios were always premised on the basis of a US declaration of force majeure on debt service. It’s a very extensive scenario. The scenarios are all together, i.e., military, economic, political and social complete destabilization leading to collapse. Then they break down individual scenarios. In the economic collapse scenario, the starting point would be the United States Treasury declaring a force majeure on debt service, which is de facto repudiation, and that’s how it would be interpreted by the world’s capital marketplaces. Then the scenario goes on from there. The US Treasury would obviously declare a force majeure sometime after the European markets had settled down. In other words, they had gone out on the day, which means 11:38 a.m. EDT, our time. They’d wait until the European markets closed, and the US markets had been open for a couple of hours. That’s when they’d determine how to begin the process of unwinding or controlling the collapse to the best extent possible, mainly because they know that the greatest hedge pressure would be people seeking to use other markets to hedge their long exposure in the United States and that the US would be the biggest seller in all the rest of the world’s markets. Therefore you would want to declare the force majeure when the rest of the world’s markets closed. The declaration of force majeure would be precipitated by the declaration that the United States is no longer able to service its debt. That’s pretty simple. Who makes that decision? The Treasury Department. The President does not make that decision. The Secretary of the Treasury does. He has that authority.You might ask -- wouldn’t he have his arm twisted not to do that?The answer is that if there isn’t any money left to service the debt, it doesn’t make any difference what the current regime might want to do.The day of reckoning is now coming. What has happened in the interim, from 2001 to present, is dynamic, global economic deterioration. The economic deterioration visited upon the United States by Bushonomics is not a localized event. It is, in fact, global. We have a planet now that is sinking into a sea of red ink.The United States is consuming 80% of the planet’s savings rate to finance its debt. The central banks of Germany, Japan and Saudi Arabia are no longer the powerhouses they used to be. Their reserves have now been substantially depleted. They can, therefore, no longer hide the fact that they own a certain number, likely in the trillions of dollars, of U.S. Treasury debt that isn’t being serviced, because they can’t hide it through bookkeeping tricks anymore because their reserves are so depleted.Therefore somebody has covertly been putting demands on the Bush-Cheney regime for payment. Why do you think 2900 metric tons of gold is depleted from U.S. inventory since March of `01?Why do you think that $2 billion in currency seized from Iraq last May is now unaccounted for?Someone is putting demands on the Bush-Cheney regime. Someone is saying to the Bushonian Cabal that -- You’ve got to start servicing this debt because we, foreign central banks, are in nations - European and Asian - whose reserves are now nearly exhausted.Who could be putting that kind of pressure on them?It has to be coming from whoever is organizing this thing at the very top, which I would tend to think has got to be most likely a cabal of people that would involve Henry Kissinger, James Baker, George Schultz, possibly William Simon. It would be somebody at the very top that is familiar with how to do this. It would have to be someone familiar with finances.So would this be one faction of a cabal blackmailing or forcing another faction? No, it’s not really blackmailing. It’s being done out of desperation. The German, Japanese and Saudi central banks are saying to the Bushonian cabal, You’ve got to start servicing this debt because we don’t have the reserves to cover you anymore. We can no longer make it appear that the debt is being serviced because our own reserves are so substantively depleted. Therefore you must begin to cover this debt. If you don’t, then, at some point, we will have to publicly admit in order to save our own necks -- that we were the end buyers of a lot of stealth debt, a lot of debt that your Treasury issued illegally and has never serviced. That would then expose the whole cabal.The Kissinger-Baker faction are at the top of how this was done on the economic side of the equation. They were not the original insiders so much, but the managers of the conspiracy from the U.S. Treasury, to wit, the U.S. Treasury and Federal Reserve role-play the part.Take Henry Kissinger. It may not have occurred to anyone why in the last 3 years Henry Kissinger has been back in Washington more than he has in the last 30 years. And why are all these quiet meetings in Washington with alleged senior Bush-Cheney regime officials, as foreign news services endlessly put it. It’s because Kissinger is the point man. He’s the one that is telling them the disposition of other foreign central banks.Kissinger would probably also be involved in transfer or hypothecation of any assets from the cabal. In other words, they’re being stolen from the American people by the Bush-Cheney regime and the Bushonian Cabal, and they are being used to hypothecate, transfer, service, or otherwise carry this debt held by certain foreign central banks.The process of unraveling has already begun because of ever-spiraling Bushonian budget deficits. The Bush-Cheney regime, even in its overt policies (now they’re overt political, economic, social and military policies) is generating $600-billion-plus deficit per year, which is consuming 80% of the planet’s net savings rate.It doesn’t have the slack. In other words, it can’t refinance stealth debt by issuing more stealth debt anymore. Nor can they bleed money out of the system like they could in the 1980s by hiding it when the overt policies of the Bush-Cheney regime are already producing a budget deficit of 6% of Gross Domestic Product. There is no other mechanism that they could use anymore to hide expansion of debt that could be used to service said stealth debt, and they are, frankly, running out of assets that they can steal from the American people.So the proverbial day of reckoning is coming. The Bush-Cheney regime (and I give them credit for this) are telling the American people what’s coming, knowing the American people are too stupid to understand. They are telling the American people about the re-institution of the Gold Confiscation Act and the sudden scrapping of the Treasury’s emergency post-collapse gold note scheme to maintain domestic liquidity.David Walker, US Comptroller General and chief of the GAO has said that should the Bush-Cheney regime be re-ensconced into power and, hence, the scourge of Bushonomics persist, that the United States could no longer service its debt beyond 2009. They’re not hiding it from anybody anymore. They are telling you what’s happening. Now, what does that mean? The key is in what Walker is saying when he says the debt can no longer be serviced. I’ve been asked this on the radio shows. People have noticed what Walker said because he’s out in the news more often than he used to be. It’s unusual for the Comptroller General of the United States, which is a rather arcane position, to be out in the news so much.It simply means that when he says the United States will no longer be able to sustain Bushonian budget deficits, he means that by 2009, if Bush-Cheney have a second term in office, the United States will be consuming 100% of the planet’s savings rate to finance Bushonian budget deficits.Therefore, if the planet can no longer generate any more liquidity to lend to the United States, one of three things have to happen: A) There has to be a sudden and dramatic reduction in federal spending. There are only two places that can come from. There would have to be an immediate $100-billion cut in defense spending, which would end any hopes the Republicans had of getting into office for years to come because it would destroy any confidence the NFWCs (Naïve Flag Waving Crowd) had in them. Or you would have to scrap the multi-trillion-dollar Bushonian tax cuts for the Republican rich, something that’s equally unpalatable.The other option, B, as Paul O’Neill mentioned, is a dramatic increase in the rate of federal income taxation from the current nominal rate of 28% to 65%, which is what the Treasury Department estimated would be required post-2009 to provide the U.S. Treasury with sufficient revenues to continue to service debt.The third option, or C, becomes the declaration of a force majeure on credit service of U.S. Treasury debt by the United States Treasury, which is tantamount and would be accurately construed as de facto debt repudiation by the United States of America.There are other signs to look for. They’re not going to happen now, but if Bush-Cheney is re-elected, you’ll begin to see more signs that the end is coming. I know a lot of people may disagree, but you wait and see. If Bush-Cheney has a second term, see if they do not institute some currency expatriation control. See if that doesn’t come in the way Nixon tried it in May-June of 1971.In the second term, there will be some sort of currency expatriation control in the United States, but there will also be loopholes that will allow the large money to escape. The restrictions will apply to the 10- and 20-thousand-dollar people. It ain’t going to apply to the 10- and 20-million-dollar people. It would be self-defeating to do that.When that day comes, in other words, when the U.S. Treasury declares a force majeure on debt, it wouldn’t be broad-cast on mainstream media. There’s no sense because the American people don’t even understand what it means. But the announcement would actually be put on the Federal Reserve wire system, which would, of course, immediately be picked up by all media outlets anyway.The U.S. Treasury would declare a force majeure on debt after the Asian and European markets closed, probably at 12:30 p.m. EDT. The reason why that hour was always selected is because Asian and European markets close. It’s also the lunch hour for the markets. It’s when you’re going to have the fewest people on the floor of the exchanges. That would be the ideal time to make such an announcement.A few seconds after that announcement was made, all United States markets, both equities debt and commodities i.e., stock, bonds, commodities, that have trading collars or permissible daily limits would all be limit-offered with pools. Limit-offered means that there are more sellers at the limit i.e., limit down, than there are buyers.So-called ‘pools’ would immediately begin to form, probably a thousand contracts every few minutes. ‘Limit-offered with pools’ - this is trader language. Pools to sell 2,000 lots, 3,000 lots. That means, the number of sellers over and above the available buyers at the limit-offered price. That would begin to build.By 1:00, the news would begin to sink in because it would take awhile before panic selling would arise from the public. This news is being released at lunch hour.A lot of the American people initially would not even understand the temerity of the news. You would see professional selling first, and as that professional selling intensified over the afternoon, the SEC, the CFTC, NASDAQ, and various market regulatory authorities would begin to institute certain emergency market protocols. This would be the installation of the so-called ‘declaration of fast market conditions,’ for instance; the declaration of ‘no more stop orders,’ the declaration of ‘fill at any price,’ etc. in a desperate bid to maintain liquidity.That first day, the Dow Jones Industrial Average and related indices on a percentage basis would lose about 20% of their value by the close of business that day. The real impact would come overnight when the American people found out what this was all about and when it was explained to them.At 7:30 a.m. EDT, the Tokyo markets would open, and no price would be affixed for probably three or four hours into the session due to the avalanche of selling. Once prices were established, the government of Japan would close all of its financial markets. Europe would not even open. All European governments would close all capital exchanges the next day.The United States would, in order to accommodate global electronic trading, attempt to open the market on the second day, which they would do, regardless of price, just to maintain some liquidity. At the end of Day Two, the Dow Jones and related indices, would have lost two thirds of their value, and prices would be set accordingly.On Day Three, the New York Stock Exchange, the SEC and other related agencies would recommend to the United States Treasury and the Federal Reserve that all markets be closed. That would be on the morning of Day Three. Eleven a.m., the Federal Reserve would then order all domestic banks closed. All of the twelve Federal Reserve district banks would (30 minutes later) have special U.S. forces parachuted in and around them to secure whatever gold bullion reserves they had left.Day Three, 9:00 p.m., the President of the United States would declare a state of martial law. All financial transactions would come to an end. The Treasury would act to formally de-monetize the U.S. dollar and declare it worthless.This would be totally unprecedented. In the past, collapses have been temporary and have been brought back up. But what we’re talking about now is the end.These protocols that I’m referring to aren’t even all that secret. They were publicly available all through the Clinton era. These are Treasury protocols that were instituted mostly in the late 1970s when the Treasury and Federal Reserve began to feel that it was important to have an emergency-collapse protocol in place.What precipitated the timing of this was the inflationary spiral of the late 1970s. The U.S. Treasury and the Federal Reserve were both concerned that this inflationary spiral, which was occurring not only domestically but globally, might lead to a global, uncontrollable hyper-inflation that the Federal Reserve or major central banks could not stop by traditional means, i.e., by raising interest rates and contracting money supply.There was also the recognition, of course, that global central reserve bank bullion inventories had been so depleted over the previous 30 years that any re-institution of a species currency, even on a temporary basis, and even within a regional or individual nation-state basis, was no longer possible.This is an analogy. In a military scenario, it’s like the President of the United States pushing the final red button -- the commit button. The Treasury Secretary of the United States has a similar mechanism. It’s called the yellow button, the commit button. The Secretary of Defense has the same system. This is what happens. Computer program starts to institute these protocols. Imagine the complexity of trying the manage all this. I think it’s going to happen all simultaneously. There are hundreds of different agencies involved, both domestically and internationally. In order to maintain liquidity for as long as possible, it has to be extremely well-coordinated, and there must be existing collapse protocols that can be used.The reason I was familiar with them was because I used to see the U.S. Treasury 6900 Series Collapse Protocol, 6903, 6904 there’ll be A, B, and so on which keyed in to the Department of Defense to be incorporated within the Department of Defense’s own World War III scenario and various types of military/ political/ social instability/ war/ pestilence, chaos, etc. scenarios.All federal agencies had individual collapse protocols that ultimately got coordinated through the Department of Defense. Obviously, the Department of Defense would be the ultimate coordinator because it would need to have special forces available, on a stand-by basis, ready, that could quickly parachute into areas all over the country, into the cities particularly, to secure federal properties and assets.And that’s literally how it would begin. By the end of the third day, it would be all over -- a state of martial law. We’re not talking about war, now; this is just economic collapse.There’s no military implication here, no political, no social implication or policy directive thereunto. This is strictly economic collapse. By the end of Day Three, effectively, all banks in the world will be shut down, all paper currencies will become valueless. Martial law would be declared. There would be no continuing transactions, at least for a period of time, of commodities. All providers of fuels and foods would be shut down automatically.They have this in great detail too. U.S. Department of Defense Special 117th Assault Unit would parachute in to seize control of the cattle yards in Oklahoma City. This is how well it’s planned. In other words, economic collapse would automatically involve expansive military action and control.By the end of the third day, when you no longer have a domestic medium of exchange, you have to have secured food and fuel stocks. You’ve got to have troops that have secured distribution points where there is food and fuel stocks, warehouses, tanks, etc. Otherwise people are just going to go get them, and the people have to know that if they try to go break into that store and steal that loaf of bread, they’re going to be shot.Protocols for environmental disasters are called ‘scaling-circle scenarios.’ ‘Scaling circles’ is a Department of Defense euphemism. It’s also used in FEMA, OEM and other emergency management services. In environmental catastrophes, which are going to become national or global, it’s got to start someplace. It’s going to start in one very small, specific area. Therefore what happens is that the immediate force containment is the greatest in the first circle, to try to contain the spread of the disaster and keep it within that circle.The environmental problem, to whatever extent it’s possible, before it spreads, will be neutralized or mitigated, in order to keep that catastrophe within that circle, or, if it is likely that it is to escape that circle, to attack whatever it is in such a fashion as to mitigate its strength and its ability to contaminate or otherwise affect other areas.In the case of earthquakes, for instance, affecting the west coast, beginning at Mt. Rainier and moving southward -- that’s a different type of scenario. That does not include as much Department of Defense involvement. It includes separate protocols, wherein mostly FEMA and OEM act as the senior coordinating agencies between municipal, county and state disaster and containment, which is called Disaster and Containment Units. Federal troops would only be brought in for the purposes of maintaining control.In a military or economic collapse situation, National Guard units would provide any spare help they could in combating whatever the problem is. Federal troops would be used in order to have the specific authority simply to shoot anyone. There are plans for all sorts of scenarios. The economic-disaster scenario is the one I always found the most intriguing because it is the one that is least understood by the American people.Military control would be necessary when lines begin to form at the banks, people trying to access their money. But that wasn’t even anticipated as a big problem. Lines would form at the banks, but it was not even envisioned until sometime on Day Three because the American people wouldn’t get it. It would be announced that the stock markets are down 2000 or 3000 points, and since we’ve always been taught they’ll come back, the people would still be buying stocks.You could count on everybody remaining in ignorance all the way down because the American people have never been taught Economics 101. The American people wouldn’t realize the full extent of it until the markets were closed on the third day, or until the time when they went down to cash a check and the bank was closed with soldiers out in front. Then they would go down and see the gas station’s closed. They see the local supermarket has been shuttered, and there’s federal troops in front of it. Then they might begin to catch on. And remember -- it’s not just federal troops. In emergency-collapse protocols, even before the declaration of a formal state of emergency or a state of martial law, the local military authorities within any given county or jurisdiction have the ability to essentially militarize anyone, that is, any civilian. This would be more than just deputizing civilians. It’s federal. In other words, they would have the ability to militarize and give military authority to a civilian force. This would include not only police and the sheriffs and state police, but all local law enforcement that exists below the state level would be immediately militarized. They wouldn’t take just anybody like they did in Iraq. It would be like the military when they call for volunteers. Then they’d have everybody and their brother-in-law volunteering, waving around the American flag and so on.You’ve got a lot of pickup-driving guys in this country with the gun racks in the back and the Confederate flag flying. So you start waving the American flag in front of their face and say, Hey, you’re going to get your chance you always wanted -- to fit your potbelly inside an army uniform and carry a gun and shoot people. How appealing would that be?And besides, if you do this, then you’re going to get to eat.In other words, this is how it would unfold over three days, but, in fact, very few Americans would know what to do about it or how to take any precautions. They wouldn’t have a clue because they don’t understand enough about economics to know what is happening. So that’s what it is -- Economic Armageddon. If the Bush-Cheney regime is re-installed into power, that is effectively what Comptroller General David Walker is saying.In conclusion, since there is very little the people of the United States can do to protect themselves. We’re not going to make any suggestions of how to protect yourselves because there’s very little you can do.We could tell you to go out and buy gold coins and bury them in the coffee can in the back yard and go to your nearest survivalist store, but, frankly, that’s useless. In the last analysis, it’s a lot of hype. There is very little the average US citizen could do.The only thing that can prevent this, as the Comptroller alluded to when he was asked by Barbara Walters, How do we prevent reaching the problem by 2009? He said simply, "A change of regimes."So how do you prevent it? Don’t vote for Bush and Cheney -- and hope that Bush does not use his emergency powers to cancel or postpone the election by edict, powers which you, the flag-waving citizens, have given him.All flag-waving citizens, be warned. If you want to vote for Bush-Cheney again, make sure you got plenty of Spam on hand.Here’s an interesting and humorous aside. A couple of days ago, Hormel Foods, which makes Spam, announced that in the last six months there have been record sales of Spam in the United States the survivalists’ food of choice. After all, they pride themselves on the fact, as the spokesman for Hormel said, "It is the only food product you can buy with an expiration that’s 50 years."When everything goes to hell, when all that man has created has turned to dust again, the final legacy is going to be Spam. It will be the last surviving item -- when the anthropologists of 20 thousand years from now are digging sites and they see these enormous mountains of unopened cans of Spam They’ll have monuments to the past out of Spam.So if Bush-Cheney has a second term in office, there will be some sort of currency restriction, like Nixon did in 1971. On April 13, 2004, Deputy Assistant Treasury Secretary John Boine talked about potential currency restrictions. He used the word that’s going to fuel the flames of the survivalist and gloom-and-doom collapse people.It’s very, very telling that the U.S. Treasury may institute a restriction on the amount of U.S. dollars that can be converted into gold.Furthermore, he intimated (and I suspected that this was coming, although this wouldn’t actually become law until Bush-Cheney was in office for second term one way or another) that the Bush-Cheney regime determines that the Gold Confiscation Act gives to Treasury the power for so-called forced disclosure of gold holdings.I’m not quite sure of the language of the Gold Confiscation Act from 1933. It just says, "compelled", as in citizens are lawfully compelled to redeem gold for script. I don’t think there was any such provision, which he was inferring that there is. That was FDR’s "Raw Deal" of 1934, when people were coerced into giving up their gold. But nowhere in this act does it specifically authorize the Treasury to mandate citizens to report their gold holdings. So if this gets any press at all, particularly within the circles of gold bugs and so on, watch out.Furthermore, on Washington Journal they were talking about how FEMA has recommended to the Office of Homeland Security to have increased restrictions regarding citizen hoarding of long-term food and fuel supplies. That’s pretty sinister too.What they’re talking about is the purchase of long-term so-called stores of survival food. FEMA was talking about some sort of restriction preventing people from accumulating food stores; putting it simply, that’s what it means. The second point was to increase restrictions that already exist.FEMA was recommending even tighter restrictions on citizens building their own private property underground storage tanks for the purposes of long-term storage of fuel. The real intent of this is is threefold: a) to restrict citizens’ ability to hoard food; b) restrict citizens’ ability to hoard long-term storage of fuel; c) the forced identification of citizens to reveal food and fuel stocks they may be hoarding.And that, in my opinion, is the real essence. The Bush-Cheney regime was scared of having the FEMA angle put into the equation because they knew what it means and how people would interpret it.They have tried to use environmental legislation to restrict people’s ability to build fuel storage facilities on their own property -- to get around what the true intent of that was.But the bigger picture is that if you start to limit citizens’ ability to hoard fuel and food and shake them up by potential forced identification of gold holdings or forced redemption.In other words, what you don’t want is citizens who have the ability to store a lot of food and fuel and to own gold because they would be able to resist state control in the future.You’ve got to have every citizen on a rationing card to control the civilian population. You can’t have citizens out there hoarding food and fuel because then people can say to government,"I ain’t taking a rationing card, baby, with my national ID card. I don’t have to. You can’t control me through food and fuel and ever-worthless paper currency."I used to make fun of these people. But now, things have come full circle on this debate. The Bush-Cheney regime is making it increasingly clear through their small changes in policy. Not a lot of people monitor these decisions, but I do. And the pattern is becoming increasingly clear.In fact, I would believe that those of the survivalist mentality (the food, fuel, the gold coins in the coffee can in the back yard) people who think that way will be ultimately vindicated - if George Bush has a second term in office.
Plunge Protection Team Rescues Market on 1/23Reposted from writer unknown During the last half of ’07 the Plunge Protection team [link to en.wikipedia.org] Sooner than later, however, it became apparent that the subprime and credit markets were in deep trouble. And the PPT has stepped in several times in the past few weeks to prevent the appearance of catastrophe. But time is running out.The most recent, conspicuous rescue happened at approximately 1:32 on 1/23/’08 as the market started to make a miraculous turnaround, about 10 minutes before W appeared on the air and proclaimed that the American economy is sound. If you doubt the assertion, check the ticker for yesterday and watch the markets climb for no clearly rational reason. Especially because global markets were down significantly.On the one hand the Fed is stepping in to prevent serious damage, which protects investors, and may even make the Fed a penny or two in profits, though, on average, that’s not likely. Yet, by interfering with natural market forces, the Fed is maintaining a safety blanket - wittingly or unwittingly - for firms who would otherwise have to revitalize on their own, if possible.Worse, however, is that the Fed is printing money beyond the growth indicators that permit reasonable funding. In other words, the Fed is seriously inflating the currency and devaluing the dollar.Sadly, these efforts, although in a more controlled manner, could’ve helped home owners on the verge of foreclosure, firms on the verge of recession, and finacial institutions on the verge of collapse if they were performed no later than 4Q ’06 and continued through ’07. It’s now a day late and billions of dollars short.Aside from economic exigencies, these conditions exist because of the woeful "War on Terror" since the Neocons are being forced to prop up the illusion of U.S. supremacy while the empire is in decline. It’s tough to face down your enemy when they know there won’t be many more "smart bombs" on the way. The markets have been a key indicator - far more meaningful than the Surge - of America’s might.Had the Administration, Wall Street, and the media - particularly outlets like CNBC - explored and truthfully presented the severe problems with America’s broken economy, rather than cheerfully and deceitfully insisting everything’s dandy, these problems may have been resolved with a much greater degree of proficiency. But America is now drowning in a sea of lies and can’t fathom what’s happening on an overall basis. Too many people in too many arenas pitching bull to the masses can’t now go back and retract their tales. The damage has been done.At this point, deceit is the greatest threat to America’s democracy. Overall trust in officials and authority is rapidly declining, as is all too apparent on sites such as this one. Politicians such as Bill Clinton ruthlessly fabricate stories and foment conflict in order to further their interests. He’s not alone for sure.This is not a testamonial for Ron Paul, whose stock has also gone down after it was revelaed his newsletter exhibited racial bias for years. Nonetheless, Paul has been the only candidate who has accurately outlined the scope of the overall problems as well as prescribed the appropriate solutions to solve them, beginnning with an immediate withdrawal from Iraq.None of the other Republicans come close. Romney’s at best a distant second. On the other side of the aisle, Clinton has no clue, especially since it was Bill’s pro-NAFTA and big business stance that in part produced much of the grief now being felt from one coast to the other. To a great extent, the country needs an antidote to the globalization promoted by the Clintons, which has radically reduced incomes and job opportunities.Obama may have the agility to sit and listen to all the powers and reach a successful middle ground, but it won’t be easy. And Edwards, who is a noble soul plagued by the homeless and helpless, is, unfortunately, pitching two Americas. One that by now won’t listen to him for very long and the other, the Federal government, which is already overextended. How’s it going to help a deeply troubled economy?In the not too distant future the PPT is going to run out of tricks simply because a large infusion of capital to bolster the markets is going to trigger an exit from the dollar. That’s a turning point that will have grave repercussions for decades, if not centuries to come
Let’s look at what happened recently in the Finical World Economy
The E.U. injects 325 Billion into the European Markets to keep the E.U. from going into a liquidity crisis. 12-16-07
CNBC declares Jan the worst month for the US stock market since pre-1950 America. 12-20-08
One of the largest frech Banks Société Générale loses $7 billion in trading fraud. 1-23-08
AMEX FLOOR WIDE TRADING HALT 1-23-08
(Yeah, right. They are going to play with the hardware in the middle of the day and switch over to something else "just for the hell of it"?? Risking the loss of how much money in fees and commissions plus the potential lawsuits for big investor not able to access or sell or buy during their INTENTIONALLY imposed down time? Yeah, they're that stupid. Nope. They are NOT. This was/is intentional. It's not a mere switching over of equipment. NOT AT ALL. I promise there will be many more trading stops...The PPT has been working to stem the tide of sell orders from last week.This is expected to continue unabated...one way to stop trading is to "make up some excuse" while the books are settled ... er manipulated ....There are many sellers and only PPT as buyers. I expect trading to be limited during the near future...watch for power outages or computer glitches...Recall, that the rulers have an extra ten minutes at the end of each trading day to put their orders in...the stated close is NOT really the actual close time...)
Front page of Times/picayune 1-24-2007
President BUSH offers a 150 BILLION stimulus package for the faltering economy.
(What’s wrong with the economy? I thought everything was rosy?)
Citigroup, Merrill Lynch and UBS together stand to lose 45 percent of the total worth 1-26-08
Moody's Investors Service and Standard & Poor's to cut the AAA credit ratings of all three lending institutions, Whitney said. The banks suffered $61 billion of the industry's $133 billion in losses from the collapse of the subprime mortgage market, according to data compiled by Bloomberg.``When it becomes clear, as we expect it will, that more and larger, much larger losses are on the horizon, we believe the market will take another turn for the worse,'' said Whitney.
Front page of Times/picayune 1-29-2007
The Democrats want to now add another 32 billion with a B to the already unaffordable stimulus package. Where are they going to get the money? Easy they will just keep printing paper money, further devaluing the US dollar.
Banks May very soon declare a write down ( LOSS ) of $70 Billion 1-30-08Jan. 30 (Bloomberg) -- Citigroup Inc., Merrill Lynch & Co., UBS AG and other banks will post another $70 billion in write downs (Losses) Theses are the losses that they can not hide from the public. Just how much is being lost or is already gone that we do not know about?
US Gold Reserves have been depleted by as much as 2.6 metric tons since 2002. 12-30-08
Jan. 30 (New York Times) – The council for fiscal Government spending has reported that mysteriously 2.6 metric tons of US gold has gone missing from US Gold reserves. The US Treasury is saying nothing and remaining tight lipped about where the gold has gone.