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Nov 9, 2007
Former
Assistant Secretary of the Treasury says world economy could return to
barter system
The father of
Reagonomics and former Wall Street Journal editor Paul Craig Roberts has
warned that the collapsing dollar will eventually cripple the European
economy and may even return the world economy to a barter system as
financial chaos ensues.
Oct 29 2007
Gold Headed to $3,000? - by Alex Roslin
Oct 31 2007
Gold surges past $800
1/10/07
Digital gold and a flawed global order
1/10/07
Our Money & Banking system causes warfare
Under a major deception purposely designed to rush
America headlong into war, an administration catering to financiers,
religious maniacs and other warmongering elements rushes into warfare, and
under a barrage of fear mongering and war hysteria even its Democratic
opposition is completely unable to vote against wasting what will
eventually total over a $ trillion dollars on a losing, and clearly
immoral war!
1/10/07
'40 per cent of the Democratic Party’s
campaign contribution comes from the Israeli lobby'
1/5/06
Central Banks Tiptoeing Away From the
Dollar
12/28/06
Dollar Declines on Speculation U.S. Consumer Confidence
Dropped
Dollar Dives Further - UAE Begins Buying Euros
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March 20, 2006
US War spending to rise 44% to $9.8 Bln a
month, report says
March 20, 2006
Gold Rises in Asia on Concern Over Iraq
War, Iran's Plans
March 20, 2006
Death, Taxes and Certainty:
There's no light at tunnel's end when you finance your own termination
Dr. Vladimir Volkov questions the certainty of
death and
our tax experts can handle the tax question.
Otherwise, the reflection in the mirror witnessed the death of
the nation and did nothing to stop the madness. Time marches on, too bad
America won’t be around to walk into the future. Unless you and
most everybody else wises up, your dead and so is America. All that's
left is the worms. Your apathy and theirs will spoil a budding career or
a comfy retirement.
March 15, 2006
Economic Suicide: What country in their right mind
would buy US T-bills?
March 15, 2006
US deficit data fuel anxieties on dollar
March 15, 2006
Iran Oil Bourse and Petrodollar Wars
March 5, 2006
Buffett loses faith in US, investing in
companies that do business elsewhere
March 4, 2006
March 1, 2006
Congressman Ron Paul says
US DOLLAR HEADING FOR COLLAPSE
Feb 27, 2006
Good Morning, America: The end of the Western
World we have known since 1945
This is a signal document declaring the New World Order
following the destruction of the US economy and US power.
Feb 27, 2006
Number of Unsold Homes Hits Record High
Feb 25, 2006
Orders to U.S. factories for manufactured
goods fall by largest amount in 5.5 years
Feb 25, 2006
Setting sail away from America: The world
finds it's too hard to do business with the US
Feb 24, 2006
Cancelled home orders: Latest bubble
prick?
Feb 23, 2006
Norwegian Bourse Director wants oil
priced in euros
Feb 20, 2006
Sounding the alarm on U.S.
trade deficit
Feb 18, 2006
The End of Dollar Hegemony
Apparently the only thing standing in the way of the war
with Iran is the fact that it would be at least as destructive to the
American and world economy as about anything else we could do. Which
brings up the question, as the War Party drives this country into the
ground, are they trying to save the dollar or destroy it?
Need more reasons to support the
Liberty Dollar?
Feb 18, 2006
U.S. government has moved to within $25
million of its $8.184 trillion debt ceiling, but expects to stay below
the limit for up to another month through stop-gap cash flow measures
Feb 17, 2006
War threats follow Countries dumping US dollar -
Syria, Iran, Iraq, Venezuela
Feb 13, 2006
Offshore outsourcing and offshore production have left the US awash with
unemployment even among the highly educated
Feb 12, 2006
Iran’s Oil Exchange Threatens The
Greenback
The Bush administration will never allow the Iranian government to open
an oil exchange (bourse) that trades petroleum in euros. If that were to
happen, hundreds of billions of dollars would come flooding back to the
United States crushing the greenback and destroying the economy. This is
why Bush and Co. is planning to lead the nation to war against Iran. It
is straightforward defense of the current global system and the
continuing dominance of the reserve currency, the dollar.
Feb 12, 2006
The art of deception: Is it war for oil
or war to save the dollar?
“The strong-hold of the American Government is falling to pieces. She
has lost her prestige among the nations of the earth. One of the
greatest powers of America was her dollar. The loss of such power will
bring any nation to weakness, for this is the media of exchange between
nations. The English pound and the American dollar have been the power
and beckoning light of these two great powers... But when the world went
off the gold and silver standard, the financial doom of England and
America was sealed.”
Feb 9, 2006
'Generation Debt' is
going deep into the red
Feb 9, 2006
Jan 29, 2006
North Korean Counterfeiting Complicates
Nuclear Crisis
Mainstream media is laying the groundwork
for blaming the upcoming hyper-inflation on North Korea instead of the
natural outcome of fiat paper currency.
Beating Around the Bush By the Bourse
Only bimbos believed Bush when he said it
was WMD's that made him attack, invade, occupy and massacre Iraq. Most
of us thought it was to steal Iraq's oil, but we were only partly right.
What totally terrorized the tyrannical Texan tycoon was when Saddam
played the oil bourse card in November, 2000. When Saddam started
selling Iraqi oil in euro's, he jeopardized greenback hegemony as the
world's supreme foreign exchange transaction currency. If this brilliant
idea catches on, it will trigger the total collapse of the USA economy.
The oil grab is a sideshow. The main feature is the oil bourse.
Jan 22, 2006
I, Greenspan
Since I joined the Fed, outstanding home-mortgage debt has jumped from
$1.8 trillion to $8.2 trillion. Total consumer debt went from $2.7
trillion to $11 trillion. Household debt has quadrupled.
And government debt, too, exploded. The feds owed less than $2 trillion
in the second Reagan administration, a figure that had been almost
constant for the previous 40 years. But under my direction, the red ink
has overflowed like the Nile in flood – to over $7 trillion.
During the two terms of George W. Bush alone, the feds have borrowed
more money from foreign governments and banks than all other American
administrations put together, from 1776 to 2000. And more debt will be
added in the eight Bush years than in the previous two hundred. The
trade deficit, too, more than tripled since I’ve been at the Fed, from
150.7 to 756.8 billion, and will reach $830 billion in 2006. When I came
to power, the United States was still a creditor. Now, it is a debtor,
with more than $11 trillion worth of U.S. assets in foreign hands, a
more than 500% increase since 1987.
Who can argue with such a record? Who can compete with it? Who would
want to?
Jan 16, 2006
The spiking gold market is a sure sign that the
dollar is headed for the dumpster.
Large institutional investors are hastily moving boatloads of cash into
precious metals that promise to retain their value while the
hemorrhaging dollar goes the way of Icarus.
Jan 16, 2006
Jan 13, 2006
Top Senate Democrat Supports Outsourcing
U.S. Senator Max Baucus, the top Democrat on the powerful Senate Finance
Committee, said Friday he supports outsourcing white-collar jobs to
low-wage countries such as India
Jan 11, 2006
The Fed's Money Supply Armament is
Underway
The printing presses are running 24/7, making the economy look good for
the 2006 election year.
M-3 has been launched into outer space, up another $56.3 billion last
week, up $92.4 billion over the past two. This is some real horsepower.
Over six weeks, the meaningless figure, ahem, is up $177.8 billion.
These annualized growth rates are 28.7 percent, 23.6 percent, and 15.3
percent respectively. Those are the seasonally adjusted figures. The
raw, non-seasonally adjusted, figure is up $293.3 billion over the past
12 weeks, on a pace to add 1.2 trillion in money to the economy. Wow.
There must be a need for this. Maybe the master Planners see a coming
need to monetize our debt? To support markets? They tell us the economy
is good, so clearly they cannot be stimulating our way out of a
recession. There's a lot of money flooding the economy and it has to go
somewhere. Right now it is lifting markets.
Jan 9, 2006
China to give up on Dollar, Invest In
Yen, Euro
Jan 8, 2006
Gates, Buffett, China 'run from dollar'
Jan 8, 2006
The Missing Trillions
Jan 4, 2006
Dollar losses deepen after earthquake
reports
Dec 31, 2005
Analysts: U.S. Currency to Fall in 2006
After a surprise 2005 in
which the dollar rose, against the predictions of many analysts, the
U.S. currency is likely to fall in 2006...of course, the consensus could
be wrong, just as it was a year ago.
Dec 31, 2005
First by inflation and then by deflation
The set up is very nearly
complete. The trap has been set. Manipulation of the money system should
make everyone wary about assumptions that they have made. [W]hat’s
a man to do when he’s borrowed so much silver only to find out he needs
to repay his loan in gold. Good luck to those paying off your debts when
you discover that the man who lent you all the silver is the one who
holds all the gold. Thomas Jefferson certainly understood how the game
is played, the days of easy money have ended and the tightening has just
begun. We are all about to find out that those in this world that we
view to have almost everything, have decided they want everything. For
those that see blue skies and sunshine in the west, it’s time to realize
the wind just changed directions and the storm approaches from the east.
Dec 31, 2005
Why Hasn't "IT" Happened Yet?
When will IT happen? It already is. IT is happening all
around us. The "oily rags" are there for everybody to see. Debt
continues to pile up. The market is still over valued. The Dollar is
sagging. No, these aren't things that have "always been going on" as
some pyromaniacs on Wall Street would have you believe. No, they haven't
happened yet, but we are getting close. The potential for a stock market
crash is always there with a market so overextended. Derivatives are
only getting worse, now totaling more than $85 trillion, according to
the Comptroller of Currency. The total of derivatives is 7 times bigger
than the entire US GDP. How risky is that?
Dec 25, 2005
Grinch steals Christmas; DOLLAR takes a
nose DIVE
The U.S. currency had its steepest single-day fall [10 days before
Christmas] against the yen since March 2002, after the Federal Reserve
on Tuesday dropped the word "accommodation" from its policy statement,
interpreted by some as a signal that its 18-month credit-tightening
campaign was nearing an end.
Dec 23, 2005
Whats the Fed up to with the money
supply?
On November 10th, 2005, shortly after appointing Bernanke to replace
Greenbackspan, the Fed mysteriously announced with little comment and no
palatable justification that they will hide M-3 effective March 2006....
The date when M-3 will start being hidden also happens to be the exact
month that Iran will declare economic war against the U.S. Dollar by
trading its oil in Petro-Euros on its new bourse.
Dec 23, 2005
Pop goes the bubble --
new
home sales plummet in November
Dec 06, 2005
Gold prices at 22-year high
Dec 06, 2005
Canada's Dollar Advances to 13-Year High
Against U.S. Dollar
Dec 06, 2005
Texas jury rules against
Ocwen Federal Bank
Dec 04, 2005
Soon there will be a lot of US Dollars
more than are needed for international trade reserves and the dollar
will plunge even further.
Liberty Dollars
are fully backed by gold and silver and will not lose their value.
Dec 04, 2005
Troubled U.S. automakers and their allies
on Capitol Hill are seeking billions of dollars in aid from the federal
government ranging from health coverage for their workers to extra tax
write-offs for themselves. They're also asking for one rhetorical favor:
Please don't call the requests a bailout.
Dec 04, 2005
The Center for Responsible Lending (CRL) is reporting that a new bill in
Congress would override and weaken state anti-predatory lending laws
that protect homeowners. Congressmen Ney (R-Ohio) and Kanjorski
(D-Pennsylvania) have introduced legislation that would roll back state
protections for homeowners.
Dec 02, 2005
Dec 02, 2005
Nov 24, 2005
You can see in the chart above that
it now takes twice the Federal Reserve Notes to buy the same amount of
silver as it did just seven years ago when the first Silver Liberty
Dollars were minted. Beginning on Oct 25, the 30 DMA (30 day moving
average) for silver topped $7.50. This has continued for 30
consecutive calendar days so beginning Monday any silver Liberties,
silver certificates or e-Liberty's can be exchanged for double their
face value. The real silver can be turned in and re-minted as two
half-ounce $10 Silver Liberty's or one $20 Silver Liberty. Re-minting
charge is $1.50 each. Paper certificates can simply be exchanged.
Nov 24, 2005
We are already exporting astronomical quantities of American currency,
and millions of jobs to go with the big bucks. The printing presses are
running madly 24/7 the year around. The American government, allied with
the high finance sector of the economy, has conspired to sell us out to
the highest bidders -- which apparently are the East Asians, among
others. So these are the raw materials that the American economy is
exporting: trillions of dollars, and millions of jobs, the very
lifeblood of the nation's economy.
Nov 24, 2005
"General Motors’ plan to eliminate 30,000
hourly jobs by 2008, announced Monday in Detroit, will have devastating
consequences for cities in the United States and Canada, and its ripple
effects will hit working class communities throughout the two
countries...Since 2000, more than 100,000 hourly and salaried automotive
jobs have been eliminated in the US.
Nov 21, 2005
Nov 15, 2005
To hear Walker, the nation's top auditor, tell it, the United States can
be likened to Rome before the fall of the empire. Its financial
condition is "worse than advertised," he says. It has a "broken business
model." It faces deficits in its budget, its balance of payments, its
savings — and its leadership.
Nov 14, 2005
Nov 14, 2005
M3 is the estimate of the total money supply. Planning to stop reporting
this number signals the US is entering a stage of hyper inflation, which
will be hidden from the public as long as possible. Desperate to hang
onto a GOP Congress, you can expect Bush will flood the nation with
money next year to make the economy look good
Nov 14, 2005
Nov 11, 2005
The derivatives genie is now well out of the bottle, and these
instruments will almost certainly multiply in variety and number until
some event makes their toxicity clear....[They] are financial weapons of
mass destruction, carrying dangers that, while now latent, are
potentially lethal--Waren Buffet
Nov 11, 2005
Let's say you lose $100,000 in market
value of your house. Article 9 of the Uniform Commercial Code allows the
lender to ask you to make up the deficit by increasing your equity in
your home. If you can't or won't they can foreclose.
Mortgage Elimination
using the
consumer protection statutes passed by Congress, signed by the President
and upheld in the courts might be able to prevent the loss of your home
Nov 6, 2005
In fact, in a speech in November 2002, Bernanke related this gem to a
gathering of economists: "Japanese deflation will not happen in America
because the U.S. government has a technology, called a printing press .
. . that allows it to produce as many U.S. dollars as it wishes."
Oct 28, 2005
Oct 28, 2005
Oct 26, 2005
It's been sliding anyway, why blame the
dollar's decline on indictments?
Oct 23, 2005
Oct 20, 2005
Oct 13, 2005
From the euro to the globo
The adoption of the euro by 12
European Union states is part of the process of creating the globo. The
U.S. dollar and the euro are currently the two strongest hard currencies
in the world. They may eventually be merged to create the globo.
Oct 13, 2005
In the 1960's and 1970's the different political administrations of
Washington, D.C. walked away from sanity and started to give the surplus
grains which where in elevator storage all over the country, to other
nations, such as the Soviet Union, India, etc.. This continued over two
decades, until the elevators were empty and the reserve of grains that
were in reserve as per a national crisis....were gone. Of course this
was done as to inhance international "friendship" with other nations,
even if those other nations were self-admitted enemies of the United
States.
Remember, there was enough grain in storage, paid for by the American
tax-payer, to last the masses inside the United States for three full
years, if need be. But now it all is but gone!
According to the most authoritative person on this subject, the US
Comptroller General David Walker, who audits the federal government's
books, the tab for the long-term promises the US Government has made to
creditors, retirees, veterans and the poor amounts to US$43,000 billion,
US$145,000 per US citizen, or US$350,000 for every full-time worker. "I
think it is time that we should take a serious look at the possibility
that the US is going to take us down towards a worldwide recession in
one or two year's time."
Oct 10, 2005
Sep 15, 2005
Gold Hits 17 Year High
U.S. benchmark gold futures powered to a 17-year high
Thursday as concerns about inflation and U.S. economic growth drew
safe-haven buying and fund interest into the market, traders and
analysts said.
"People are buying gold because it is now apparent that
we are going to see massive inflation," said Leonard Kaplan, president
of Prospector Asset Management, in Evanston, Illinois. "Gold is the best
hedge for inflation."
Sep 11, 2005
Sep 9, 2005
Another lie I'd like to lay to rest is the one about all of the
"terrible damage" done to the oil platforms and rigs in the gulf during
hurricanes. This is how they justify the price spikes that occur because
of lost production. If anyone cared to see this for themselves they
could travel the entire Gulf of Mexico in search of destroyed oil rigs
and they won't find any- not one. There is a damed good reason that this
is so and that reason is that they are built so well that a hurricane
can't touch them.
Sep 8, 2005
Sep 4, 2005
But they don't pay corporations to
outsource the economy.
Aug 30, 2005
Aug 29, 2005
Aug 27, 2005
Cautioned Americans against thinking the value of their homes and other
investments will only go higher, saying "history has not dealt kindly"
with that kind of optimism.
Aug 26, 2005
This could mean
that equity positions on mortgaged property could be inadequate to
prevent bank foreclosure even if payments have been timely. Now is the
time for
Mortgage Elimination
before the market bubble pops.
Aug 21, 2005
Buyers are "taking interest-only loans and other exotic loans in a
desperate attempt to afford the house, and that's a sign the market is
nearing the top," Ethan Harris, chief U.S. economist at Lehman Brothers
Inc. in New York, said in an interview.
Aug 16, 2005
Pop goes the bubble!
Aug 16, 2005
Aug 16, 2005
Aug 25, 2005
Until now, oil has been solely priced, traded and paid for in the
greenback on markets in both London and New York. But monthly worldwide
oil revenues of over $110 billion (on a 20-trading-day basis) - a third
of which ends up with OPEC (Organization of the Petroleum Exporting
Countries) members - raise the question of what happens to these cash
mountains. According to the most recent data from the US Treasury
Department, OPEC members have parked only a skimpy $120 billion in
direct dollar holdings, which are almost equally split between equities
and American debt paper. This is a clear indication that oil producers
are investing their windfalls elsewhere. The yield spread between US and
EU debt papers in favor of the EU is another hint where the petrodollars
might be heading.
Aug 25, 2005
Plunge of blue chip stocks put investors
in a blue mood, but get used to it. That's the best of the American
economy going into the crapper. Get your
debts
eliminated
and get
Silver Liberty Dollars, the US
Dollar is worth-less
The problem with these denials from our so-called leaders is that their
positions of power effectively prohibit them from speaking bluntly about
certain issues, namely the economy. Their job is to soothe and reassure
the public that everything is just fine. If you understand this, then
you understand that by simply addressing the issue, they have tipped
their hand and revealed that we have a problem on our hands - a problem
that they aren't quite sure what to do about. The fact that they deny
the problems means that you can pretty much bet on its existence and its
seriousness.
Apr 29, 2005
Is the current property boom an unwelcome replay of the dot.com bubble
of the late Nineties and destined to burst in the same way, showering a
lot of people with a lot of pain?
When the US economy slipped into decline, people started borrowing to
sustain their previous life styles, assuming they would repay the loans
when the economy improved. But the economy didn't improve, and cannot
improve with manufacturing headed for tax-friendly shores, and Bush
borrowing and spending cash on war. So, home owners cashed out their
equity to pay off credit cards. Now the equity is gone, home owners are
flipping real estate back and forth (see comment about property being
resold in the same day) to run up the price. This creates an artificial
equity on which yet more cash out loans can be taken.
But like any other financial craze, the good times roll only so long as
new money can be brought into the bottom of the system. Low interest
loans are the lure to new buyers, but the problem isn't that people do
not want to take advantage of the new loans, it's that they are less
than sure they can make the payments as the economy continues to
decline.
There is a phrase to keep in mind. It's "negative equity". That is what
happens when a home-owner owes more on the house than the house is
worth. Even selling the property does not erase the debt (remember that
bankruptcy reform bill).
When the real estate bubble bursts, all those property owners who
flipped up the value of their homes and then cashed out that artificial
equity are going to be in a real mess. According to article 9 of the
revised Uniform Commercial Code, the lender can foreclose when the real
market value of the property plus the borrowers equity drops below the
principal of the loan.
July 19, 2005
July 18, 2005
July 17, 2005
US housing industry closely mirrors impending disaster
July 6 2005
The debate over the possibility of a US housing bubble raging in almost
every paper, and even within the exalted shrine of the Federal Reserve
Board, has prompted me to take a cursory glance at the housing market to
see if I could spot signs of a speculative mania. Frankly I am amazed
there is even a debate. All I can see are signs of speculative excess.
June 24, 2005
June 24, 2005
Given the housing bubble threat and Democratic
silence on the issue, it only makes sense to ask the obvious question:
Are progressives about to be blindsided by the next Great Depression?
June 23, 2005
US leading indicators suggest US economy
cooling
June 20, 2005
June 19, 2005
Record numbers of new homes are being built in the United States, and
house prices in many regions are at record highs, which recently
prompted Federal Reserve chairman Alan Greenspan to warn of ``froth'' in
the housing market.
The booming housing industry prompts demand for big-ticket items like
furniture, washing machines and refrigerators to fill those new homes.
Higher house prices also allow consumers to borrow more against the
value of their homes to fund consumer spending and fuel economic growth
[But the added debt leaves a homeowner more vulnerable to losing the
home when the bubble bursts. When value drops below equity article 9
revised permits foreclosure.]
June 21, 2005
June 21, 2005
"There is a supply/demand myth that if oil prices rise, they will
attract more exploration for new oil, which will bring prices back down
in time. This was true in the good old days when oil in the ground
stayed a dormant financial asset. But now, in a debt bubble, oil in the
ground can be more valuable than oil above ground because it can
serve as a monetizable asset through asset-backed securities (ABS) in
the wild, wild world of structured finance (derivatives). So while there
is incentive to find more oil to enlarge the asset base, there is little
incentive to pump it out of the ground merely to keep prices low. "
March retail sales weaker than expected
1. New bankruptcy law (last week)
2. Announcement that travel to other parts of North America will require
a passport (papers please)
3. New compliance standards for foreign banks (this past year)
4. Elimination of foreign accounts for US residents (one by one)
Currency controls have been initiated.
Cheap money and refinancing have fueled
an unparalleled boom/inflation of real estate prices across the nation.
Most gains have been cashed out via the equity loans that have provided
a supplemental "income" for households to keep this economy spending.
It’s the costly S&L tragedy all over again.
Low interest rates from the failed Fed let GM's finance arm offer cheap
loans that helped owners use homes as ATMs. With rates rising and its
own troubles, that party is over.
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