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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.
On March 15th, 2005, (the Ides of March) we may have just witnessed the
beginning of the death of our financial system as General Motors stock
took a nosedive from $34/share down to $30. GM has $300 billion in debt.
GM is headed towards bankruptcy, and will default on the bondholders,
who will then own a company worth less than $16 billion dollars!
If the government can't sell bonds while running a deficit, then the
government must simply be printing money to fund the deficit--and they
are, as can be seen in the rate of growth of the money supply, M3!
Therefore, inflation is raging because of the devaluation of the US $,
and interest rates must keep pace, which is why GM is doomed!
Foreign nations are all sounding the alarm already that they will be
selling U.S. bonds to diversify the holdings of their central banks:
Russia, India, China, South Korea, Japan... what major foreign nation is
left to buy them? A tsunami of dollar selling is about to begin, and
will make the recent dollar decline seem like a small bump in the road.
It may take a few months for this to play out. You may have time to buy
silver at under $10/oz. for a few more weeks or months. But after GM
declares bankruptcy, which may take between 3 months to a year, get
ready for the dollar to crash by more than 90% in the following 6-12
months.
Germany's hyperinflation in the 1920's took about a year and a half.
Recently, Argentina's took place nearly overnight. Who knows which way
the dollar will die, whether a quick death, or a more slow and painful
one?
Either way, the dollar is dead. Long live gold and silver!
Yale historian Paul Kennedy has long argued that great powers typically
fail when military reach outstrips a nation’s economic strength. In that
vein, there’s little doubt that America is extending its reach in this
post-9/11 world. Wars in Afghanistan and Iraq were the opening salvos.
The Bush Administration’s recent nomination of two leading neocons to
key global positions -- John Bolton as America’s ambassador to the UN
and Paul Wolfowitz to head the World Bank (also announced on March 16)
-- are more recent examples of a White House that is upping the ante on
its “transformational” projection of global power. In Paul Kennedy’s
historical framework, America is extending its reach at precisely the
moment when its economic power base is weakening -- a classic warning
sign of the fall of a Great Power.
This is our final warning: The Powers That Be can now blame the American
economic disaster on Bush and the neocons....and all the sheeple of the
right who supported them.
Asian central banks have been quietly switching their dollar holdings to
regional currencies for at least three years. This shift conforms with
global trends as central banks seek a buffer from the burgeoning US
trade and budget deficits.
Jan 26, 2005
Move to euro hits US finances
Jan 20, 2005
Warren Buffett sees no way but down
for US dollar
Jan 10, 2005
When the chief economist of one of the world's most prestigious banks
calls Greenspan a bum, that's a big deal
Jan 7, 2005
Jan 6, 2005
Jan 6, 2005
Dec 4, 2004
The U.S. has managed to keep the U.S. economy from
the recession/depression it needed and deserved following the bursting
of the tech bubble in 2000. It has done so by blowing one bubble after
another, with the latest and most absurdly overvalued bubble of all
being the housing bubble. And certainly war expenditures have helped
keep the demand side of the economy alive, even as consumers have been
spending themselves into bankruptcy at a record pace.
Eliminate your debts.
Get real silver or gold Liberty Dollars, US$ and economy is approaching
collapse.
Dec 4, 2004
The official philosophy of the government presided over by George W.
Bush views the United States as standing outside of history --
unfettered by traditional forces that dictate the rise and fall of
civilizations and immune to the limits imposed on great powers by the
broad sweep of historical trends.
Dec 3, 2004
Dec 2, 2004
As the dollar leaves behind the support in the 84 - 85 area on the
index, the rate of decline is accelerating. The big questions now, of
course, are "How far will it drop?" and "Are we in for a full-blown
dollar crisis?" The simple answer to these questions is "a very long
way" and "yes," respectively
The industry sells shares without delivering them to the buyer. Although
they show up in the buyer's brokerage statement, the buyer only receives
an IOU. The SEC doesn't know how to fix it as it will cost the industry
too much money to deliver what they owe, potentially bankrupting some
firms.
Nov
22,
2004
US Dollar has lost 40 per cent of its value in the
past two years.
Nov
22,
2004
Dollar Fall Will Come at a Price for All, Analysis
Nov
22,
2004
Invoking clauses tucked into the fine print of their
contract agreements, lenders are doubling or tripling interest rates with
little warning or explanation
Nov
19,
2004
Silver poised to skyrocket
Nov
17,
2004
Dollar hits new low versus euro
Nov
16,
2004
Three Stages of a Dollar Collapse
As the dollar collapse
continues, we will be looking for these three divergences: 1) gold
outpacing foreign currencies; 2) precious metals outpacing base metals;
and 3) silver outpacing gold.
Get real silver or gold Liberty Dollars, US$ is approaching collapse
Nov
16,
2004
Fannie Mae warns of possible $9 billion
loss
Nov
14,
2004
Bank of Japan Governor says world needs rival to US
dollar as global currency
"...the
economy of the key currency is easily tempted to focus its economic policy
on domestic considerations," an apparent thinly veiled rebuke to the
economic policies followed by the US administration of President George W
Bush."
Get real silver or gold Liberty Dollars, US$ is approaching collapse
Nov
11, 2004
U.S. Dollar Drops to New All-Time Low
Silver, which
for the last few months I have been urging smart buyers to consider, is up
49% in the last twelve months. Not too shabby! But the time is coming, and
soon, when even this stellar gain will seem paltry.
Get real silver or gold Liberty Dollars, US$ is approaching collapse
Nov 9,
2004
World 'risks global recession' in 2005
Nov 5,
2004
Euro
hits new all-time high against dollar
Get real silver or gold Liberty Dollars, US$ is approaching collapse
Nov 5,
2004
Dollar back on course: downward
Oct
21, 2004
Leading economic indicator index declines
June 17, 2005
June 17, 2005
Since 1989 we have witnessed the greatest orgy of monetary aggregate
creation and fiscal profligacy in recorded history. The major part of
the credit goes to Sir Alan Greenspan, with strong assists to several
administrations, Congress, Wall Street, our banking and insurance
committees and a host of other elitists. What they have done will
provide negative ramifications for years to come.
June 9, 2005
As Fed Funds rates plummeted, mortgage rates followed. Home prices were
already rising, but in unison with the falling rates a speculative mania
in the housing markets caught sail. The combination of such has led to a
mass Real Estate investing, refinancing and cash-out refinancing frenzy.
June 5, 2005
The complaint was filed Friday April 15, 2005 in the Supreme Court of
British Columbia at New Westminster. It alleges that all financial
institutions who are in the business of lending money have engaged in a
deliberate scheme to defraud the borrowers by lending non-existent money
which are illegally created by the financial institutions out of "thin
air."
The United States is the world’s best customer. It buys far more from
foreign countries than it sells to them, resulting in a sizable trade
deficit. It also spends more on public programs than it collects in tax
revenues. And to pay for all these outlays, the U.S. must attract
mountains of foreign capital each year, which essentially amounts to
borrowing from foreign governments and investors.
America's trade deficit is rising and the dollar is falling. So what do
George Bush's economic policies portend for America's future?
|
March 21, 2006
RETALIATION: SAUDIS, UAE MAY DUMP U.S. DOLLAR
March 18, 2006
The Beginning of the End of the
Petrodollar
March 18, 2006
Iraq War Cost May Surpass $1 Trillion
America will be decimated by the Bush Administration. The Illuminati
will have accomplished their purpose to destroy the last empire.
March 18, 2006
Federal Debt up $26 TRILLION Since Dubya
Took Office !!!
March 16, 2006
Senate ok's debt limit hike: U.S. to owe $9 trillion
Dems all vote 'no,'
just 3 GOP join them. GOP is the party of spend and spend.
March 14, 2006
Arab central banks move
assets out of dollar
March 13, 2006
Your Country at War--1917
Congressman Charles Lindbergh, Sr. had
the Federal Reserve pegged 90 years ago and tried to warn us then. He
noted how the wars led to economic disaster for the plain folks who did
the work while the financial parasites enjoyed obscene profits on the
blood of American troops and the poor.
March 12, 2006
We are on the verge of the greatest inflationary
binge in history
Trading oil in euros means the dollar monopoly is over and the market
place will be flooded with dollars. That means the Fed will have to
monetize trillions of dollars and that is immediately
inflationary.....That means a gold price in the thousands of dollars. If
the Fed thinks that by terminating M3 they’ll be able to hide what they
are doing, they are sadly mistaken. We know the elitists do not want the
Republicans decimated in the next election, but we’ll be able to get the
numbers on what they are doing. Hiding M3 is an attempt as well to hide
monetization. That is why we implore you to have almost all your
assets in gold and silver. The real crisis is just getting
underway...the high-powered game continues and any sane person knows the
results are going to be disastrous. Understanding the problem is simple
and the solution is, there is no way out. Wall Street understands what
they are facing and they’ll play their hand until the bitter end hoping
they survive. We are witnessing one of the greatest destabilizing
speculative periods of all time. We are going to reap the consequences
of unsound money and credit. Your only investment alternative is gold
and silver related assets. This is the only mechanism for protecting
your wealth.
March 11, 2006
The Fed Officially Kicks Off
the Next Recession
It is official. A recession is coming. How do I know? Because this week
new Fed Chairman Ben Bernanke gave an official warning to bankers about
commercial real estate loans. That is always the kickoff to a recession.
It is the starter's gun, the national anthem before a ballgame, the
opening hymn at a church service. Here is how it works.
March 10, 2006
Reich: U.S. headed for 'day of reckoning'
The United States is headed for a "day
of reckoning" as oil prices and the budget deficit remain high,
consumers keep spending and not saving, wages remain stagnant, housing
prices rise and the working population ages, warned Robert Reich, former
Department of Labor secretary in the Clinton administration.
March 10, 2006
March 8, 2006
The real numbers behind the
economic lies will surprise investors and citizens alike
March 8, 2006
Russia gold and currency
reserves increased to record-high.
March 6, 2006
Gold suppression cartel cannot cover their shorts
anywhere near current prices
As we go forward in time
you’ll see that gold will re-attain its safe haven status and will
reassume full currency status, especially when the dollar declines 50%.
Get gold and silver Liberty Dollars.
March 6, 2006
Treasury Dept. Moves to Avoid Debt Limit
March 6, 2006
Many companies plan more outsourcing
March 6, 2006
Sudden glut in unsold new homes is
threatening to snuff out the blazing housing market that's been carrying
US economy
March 6, 2006
How a housing downturn could roil economy
March 3, 2006
Chinese dumping US dollars for gold
Liberty Dollars are backed by gold, too,
and silver, and they can be used in the US in many places. Dump US
Dollars for Liberty Dollars and help us develop an alternative for the
Federal Reserve.
Feb 28, 2006
Global Credit Ocean Dries Up
The cash
machine that sustained a world boom is about to close, and it's going to
get ugly--just like in the Great Depression. This one could be the
greatest depression
Feb 3, 2006
You're Still Paying for the Spanish-American War
That is if you haven't
discovered WHO you really are and who really owes the taxes.
Eliminate Taxes
Feb 2, 2006
Gold Reaches 25-Year High as Oil Gains
Renew Inflation Concerns
Computer maker Dell Inc.
said Monday it planned to add 5,000 jobs in India over the next two
years, bringing its work force in the country to 15,000.
Jan 23, 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. are 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.
Jan 23, 2006
The proposed Iranian Oil Bourse will
accelerate the fall of the American Empire.
Jan 23, 2006
Collapse of U.S. Economy Imminent
In its attempt to establish a world empire dominating every nation on
the planet, the U.S. has exhausted its ability to finance the expansion
and the country now faces imminent financial collapse. From all
indications, it looks like 2006 will spell the end for America.
Get rid of your debt, get Liberty Dollars, get ready.
Jan 23, 2006
Jan 23, 2006
POP
Jan 17, 2006
Worry as Chinese reserves poised to touch
historic US$1 trillion level
Jan 6, 2006
China hints at shift away from dollar
Jan 3, 2006
Housing decline to drag economy
Mortgage applications are at the
lowest levels since 2002, while new home sales took a record dive last
month. The average price of a new house has declined for three straight
months, and the inventory of new houses for sale is at record levels.
Mortgage Elimination
NOW using the Truth in Lending Act
or
begin an
Accelerated Mortgage Payoff.
In
fact, now is not a good time to be carrying ANY debt.
Eliminate Credit Card Debt and Student Loans,
Eliminate Taxes and Tax Liens,
Eliminate Auto-Truck-RV-Motorcycle Loans.
Dec 26, 2005
Watch it crash: your health
care, your pension, your house
Dec 18, 2005
Petrodollar Warfare: Dollars, Euros and
the Upcoming Iranian Oil Bourse
The proposed Iranian oil bourse signifies that without some sort of US
intervention, the euro is going to establish a firm foothold in the
international oil trade. Given U.S. debt levels and the stated
neoconservative project of U.S. global domination, Tehran’s objective
constitutes an obvious encroachment on dollar supremacy in the crucial
international oil market.
Dec 15, 2005
Will Bernanke Create Hyperinflation?
Dec 15, 2005
Record Deficit Shows Dollar's Half Empty
Glass
That's how
the New World Order will bring America down. Oh! You didn't think
we were going to be the top-dogs did you? IIf you did that was silly!
Dec 12, 2005
Dollar Tumbles Against Major Currencies
Ahead Of Fed
A broadly lower dollar was at its weakest in more than a
month against the euro Monday, as dollar bulls were sweating a Federal
Reserve meeting Tuesday that could signal the end of the central bank's
interest rate- hiking campaign.
Dec 12, 2005
ECONOMICS AND WAR: THE REAL DEAL
Now, fast forward to December 2005. As I write this
edition of the Meridian Report, there is a growing sense of deja-vu.
This time, it is Iran that is causing problems. But, CNN will have you
believe that Iran is causing nuclear problems by refusing to scale back
its nuclear program. The real story is that by March 2006 Iran is
threatening to have in place an entity called the Iranian Oil Bourse.
Trading of Oil on this exchange will be denominated in – yes you guessed
it – Euros.
Dec 08, 2005
Foreclosures up 35 percent this year
Dec 07, 2005
Slowdown in U.S. housing market could claim
800,000 jobs
The slowdown is likely to last several years, with as many as 500,000
construction jobs and 300,000 financial sector positions lost, the
quarterly Anderson Forecast predicted.
Dec 07, 2005
Debt, Unemployment, Privatization and
War/How Greenspan Skewered America
No one has done more to ensure the ultimate demise of the American
middle class than Alan Greenspan.
No one.
In the stately pantheon of class-warriors, Greenspan's spectral-image
looms larger than any other; the foremost proponent of hardnosed
social-Darwinism and exclusionary economics. Even his carpet-bagging
consort, G.W. Bush, pales in comparison.
Dec 07, 2005
Ford to Cut Up to 30,000 Jobs Within 5
Years
These companies are pulling up stakes in the US and headed to other
places for a simple reason. They are paying heavy taxes to and getting
little in return from a government that is too deep in debt to get out.
A crash of some kind is on the way, and who wants to stick around for
that? M. Rivero (WhatReallyHappened
Dec 07, 2005
Microsoft to Invest $1.7 Billion, Add
3,000 Jobs in India
Nov 29, 2005
Nov 7, 2005
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."
Nov 4, 2005
One bit of news that hasn't received the public vetting it merits is
Iran's declared intent to open an international oil exchange market, or
"bourse." Not only would the new entity compete against the New York
Mercantile Exchange and London's International Petroleum Exchange (both
owned by American corporations), but it would also ignite international
oil trading in euros.
"A shift away from US dollars to euros in the oil market would cause the
demand for petrodollars to drop, perhaps causing the value of the dollar
to plummet"
Nov 2, 2005
Oct 29, 2005
Many big investors keep a large portion of their wealth invested in US
Treasury bonds. Over the past few weeks this previous safe haven for
investment has started to slide on the back of rising interest rates. So
is this the end of the long bond bull market?
Oct 29, 2005
FEARS of a financial fallout in the hedge
fund industry were fuelled today by a warning from Gartmore, one of
London's biggest fund groups, that 'something is broken' in European
equity markets
Oct 24, 2005
Evidence is REFCo whose books show $10.5 billion in undelivered
stocks
Oct 22, 2005
This does not include unfunded liabilties such as Social Security, nor
does it include debt transferred to the states by means of unfunded
mandates.
Oct 22, 2005
John Embry and Andrew Hepburn provide a valuable entry into the world of
finance. The two analysts illuminate the shadowy trail of the "Plunge
Protection Team" in its apparent mission to rig the American stock
markets. Their account is backed up by considerable indirect evidence,
as well as statements by credible insiders. If their account is correct,
it means that US markets look a lot like the Japanese markets that were
long derided for being subject to repeated official manipulation. A more
important conclusion may be that US markets are even shakier than many
believe.
Oct 22, 2005
In Washington, the US government is
hurriedly upgrading its estimate of the likely damage, concluding that a
full avian flu outbreak could kill 1.9m Americans and cost the US
economy $450billion. But this is an excuse for the impending of the fiat
money system that the Fed can no longer keep afloat. Time for
finger-pointing.
Oct 17, 2005
FOREX-Dollar extends losses on downbeat
U.S. data
Oct 7, 2005
As Voltaire said in 1729 “paper money eventually goes down to its
intrinsic value – zero.” Every fiat paper currency before or since has
confirmed to this prediction. A fiat paper currency that is also the
global reserve currency becomes this problem writ large. A US Treasury
official of old - Sam Cross - put it this way: “if you postulate a
system that depends on one country always following the right policies,
you will find that sooner or later no such country exists. The system is
eventually going to break down”. That's why I advocate switching over to
the
Oct 7, 2005
The US and the crony corporations have
been living on the dole. Fat cats have been accusing the poor and
disabled of feeding from the same welfare trough. This has been possible
through the elevation of the US Dollar as the world's reserve currency,
the money that lubricates commerce. Now they can no longer afford to pay
our inflated national bills and we will have to dump politicians who
have squandered the good life.
Oct 7, 2005
Oct 7, 2005
In the past few years
there have been plenty of false sightings, but now comes something truly
ominous: a 13 percent drop in Manhattan real estate prices in a mere
three-month period ending October 1.
As if that were not bad enough, more unsettling news of the same nature
is reported in Boston, Washington and San Francisco, the places that
have led the national upward zoom in real estate prices for the past
several years. Don't wait for it to affect you, do a
Mortgage Analysis
NOW to eliminate your mortgage BEFORE the economy plummets
further. Even though you have been making payments on time and can
continue to make payments on time, if your balance drops below market
value the lender can still foreclose.
Oct 6, 2005
Of course George W. Bush will blame it all on the war and two
hurricanes. In fact, it's a direct result of his own flawed economic
policies and the "borrow and spend" lifestyle he sparked, not only
within government, but consumers as well.
Oct 6, 2005
Between slowing growth, signs of flattening or falling property prices,
still-high energy costs, rising measures of upstream inflation and
Washington's continued inability to run anything approaching a sensible
fiscal policy, there is plenty for Wall Street to be worried about
without even mentioning Richard Fisher.
Oct 5, 2005
Oct 2, 2005
Sep 29, 2005
The fragile state of consumer spending was underlined yesterday as the
CBI's latest survey of the retail sector showed sales volumes falling at
their fastest rate in the report's 22-year history.
Sep 29, 2005
Sep 27, 2005
“They are seen as vehicles that enable marginally qualified, highly
leveraged borrowers to purchase homes at inflated prices. In the event
of widespread cooling in house prices, these borrowers, and the
institutions that service them, could be exposed to significant losses,”
Mr Greenspan said.
Sep 27, 2005
Sep 21, 2005
The Fed was in a box about interest rates when they met this week. so
their inflationary worries are carrying both gold and silver to new
highs. Enjoy the ride in silver and if $7.62 is breached, who knows how
high it could go. As we in July it was reported that new
medical
uses of silver are showing up in products such as silver-treated
bandages. A new line of eye treatments for "computer eyes" is preserved
with silver sulphate which is far easier on us allergic types than some
of the old thimerosal (mercury-based) preservatives. Silver's industrial
uses continue to climb even if the growth in film has dropped because of
digital cameras. More demand for silver than is being mined means that
silver values must rise and they will rise enormously above gold.
Sep 21, 2005
-
Convert some of your savings to Liberty Dollars. Store them well.
- Buy a good water filter that has a 1000+ gallons life span.
- Buy a 5-50 gallon water drum (cheap, can probably get at a hardware
store)
- Stock some long term storage food (a month's supply will do you well
anyway)
- Get out of debt.
- Network with friends, family, and neighbors.
Sep 17, 2005
Sep 17, 2005
The Coming Depression: Bush and the
Neocons tried to forestall the switch from the Dollar to the Euro by
Saddam
What most governments, but few citizens, know, is that the rush to war
was due to Saddam Hussein's committing the high crime of accepting Euro
dollars for oil under the “Oil for Food” program.
War didn't work. The US Dollar has sunk even faster because of a loss of
confidence in the US economy and the US leadership
Sep 17, 2005
Americans think their houses are actually worth more than they were five
years ago, but most of that increase is a puffed up bubble...a
delusion...a fiction, just as it was in Japan. We are waiting for the
bubble to (finally) pop. When it does, we expect a resumption of the
bear market/recession that began in 2000/2001. Asset prices should
deflate for at least another 10 years.
Sep 17, 2005
Lenders are pushing risky loans with low payments. Desperate home buyers
snap them up. Worried yet?
There's much more involved, however. In the 80's George HW Bush got the
insured level of S & L's raised from $10,000 to $100,000 and
through deregulation allowed more latitude in S & L lending practices.
Drug operations opened multiple accounts, bought land, fraudulently
inflated its value by a procedure called "flipping," and then
sought loans from an S & L using the land as collateral. The loan
proceeds were non-taxable and clean, but such risky loans on over-priced
property eventually brought the S & L's to collapse. Along comes the
government and bails them out so that the drug runners can recover their
original deposits...on the taxpayer's dime. The front corporation would
collect, fold and disappear.
Sep 8, 2005
Sep 6, 2005
The bell tolls for the US Dollar because it is doomed. Like the Dodo
bird, the US Dollar will, within the foreseeable future, disappear into
the history books in the chapter on "Extinct Species".
Aug 24, 2005
The Federal Reserve tiptoed back, hoping I wouldn't notice, into
expanding credit, as evidenced by their $2 billion infusion of
make-believe money last week. Not too bad, actually. But worse, they
actually started down the path of the ultimate fraud, and bought up $1.6
billion of government debt! Hahaha! The government creates a bond, and
the damned Federal Reserve creates the money out of thin air to buy the
bond! Hahaha! This is fiat money at its finest! Hahahaha! And we wonder
why we get so little respect from the rest of the world!
Aug 21, 2005
The Trading with the Enemy Act of 1917 was amended to
include US citizens
by Executive Order No. 2040 and
ratified by Congress on March 9, 1933. As enemies
of the state in a time of war we are not allowed to own any gold,
silver, nor any other currency. When is there NOT a time of war.
Franklin Delano Rosenfeld's Zionist treachery is still operative today.
FDR changed the meaning of The Trading with the Enemy Act of
December 6, 1917 by changing the word "without" to citizens
"within" the United States. Still have warm, fuzzy
feelings about "your" government?
Even if this were legal by Executive Order,
Executive Order is not Constitutional. Even if there were no
Constitution, this is illegal by International Law.
Aug 18, 2005
Aug 12, 2005
The US administration aims to spend $286 billion on the development of
the American transport system,
the
last glimmer of hope for the Bush Administration to keep the nation
under control
Aug 11, 2005
Saudi Arabia, immediately after the death of King Fahd, announced that
it was going to repatriate $360 billion invested overseas in the last 18
months. Of course, the majority of this was invested in the United
States, and Saudi Arabia can't possibly absorb all that money, so this
is a polite way of saying that they will invest their oil revenues in
countries other than the United States. Thus quietly ends the scheme
that Saudi oil surpluses would be invested in the United States. This
has worked exceptionally well for the Americans, and the thanks the
Saudis got for it was to be constantly blamed for financing terrorism,
financing which started at the insistence of the United States! The
replacement of Prince Bandar - a man perceived as very close to American
interests, particularly the Bush crime family itself - as Saudi
ambassador to the United States almost certainly also signals that the
Saudis are tired of propping up the American economy and receiving only
aggravation in return. The loss of the very close friendship of the
Saudis is another gift the Americans have received from the Zionists in
the Bush Administration. Sometimes it helps to know who your real
friends are
Aug 11, 2005
Housing experts say recent buyers who used low-interest or interest-only
loans to buy houses that were previously above their reach could be in
for a rude shock
Aug 11, 2005
Aug 9, 2005
Watching the Economy Crumble
The media gives a
bare bones jobs report that is misleading. The public heard that 207,000
jobs were created in July. If not a reassuring figure, at least it is
not a disturbing one. On the surface things look to be pretty much OK.
It is when you look into the composition of these jobs that the concern
arises.
Of the new jobs,
26,000 (about 13%) are tax-supported government jobs. That leaves
181,000 private sector jobs. Of these private sector jobs, 177,000, or
98%, are in the domestic service sector. ...
Not a single one of these jobs produces a tradable good or service that
can be exported or serve as an import substitute to help reduce the
massive and growing US trade deficit. The US economy is employing people
to sell things, to move people around, and to serve them fast food and
alcoholic beverages. The items may have an American brand name, but they
are mainly made off shore.
Aug 7, 2005
"A successful Iranian bourse will solidify the petroeuro as an
alternative oil transaction currency, and thereby end the petrodollar's
hegemonic status as the monopoly oil currency. Therefore, a graduated
approach is needed to avoid precipitous U.S. economic dislocations."
Aug 7, 2005
Saudis disinvesting in foreign securities
and assets acquired abroad in the last 18 months. 60% of that is
invested in the US
July 28, 2005
The big, big, big, BIG, BIGBIGBIG news is, of course, is that China has
lowered the peg of the Chinese yuan to the dollar by 2.1% . As David
Tribble commented, "From this point forward, the United States Federal
Reserve no longer matters. The balance of power has shifted from the
West to the East." He is right, as the new currency regime is a "managed
float" of currencies, and the people managing the float are the Chinese,
so they run things from now on.
July 31, 2005
July 27, 2005
July 10, 2005
June 28, 2005
The world is taking small steps at this time to rid itself of the dollar
yoke that the Federal Reserve has strapped upon them. If you weren’t
paying attention to the events of the world, you wouldn’t even notice.
Fortunately for the Federal Reserve the US media plays a vital role in
keeping up the illusion that all is going well for the US.
July 23, 2005
Other Asian states will gradually
reduce the purchase of American dollars after the start of the yuan-revaluating
process. Without buyers for US treasuries, we have fewer willing to
finance US debt. US goods become more competitive but we have shipped
much of our manufacturing off-shore.
July 21, 2005
China is no longer going to buy our debt, among other things, five
months after Korea started to "diversify
its investments" in
February.. The house of cards is coming down.
May 6, 2005
There are just four people who control all of the U.S. markets through
their use of dangerous and explosive DERIVATIVES. They are risking the
assets and retirement funds of all Americans. Because of their
manipulations, especially since 2001, U.S. financial markets are now
based on the gambling whims of a special fraternity of Federal
Government DERIVATIVE dealers.
First Foreign Islamic Bank To Open in Malaysia
In what could be a crack in the housing market's sturdy foundation, the
number of foreclosed homes put up for sale rose 50 percent between
February and March, according to a new study by Foreclosure.com.
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.
The U.S. government is manipulating all major U.S. financial
markets—stocks, treasuries, currencies. This article shows how it is
possible and how it is done, why it is done, who specifically is doing
it, when they do it, and where they get the money to do it.
.
Here we go! US dollar being cast adrift
by one central bank after another.
Nov
27,
2004
India, China and other countries start
dumping US dollar and buy Euro
U.S. dollar
has declined sharply because of doubts about the fundamentals of the U.S.
economy, which is running wide fiscal and trade deficits.
Eliminate your debts.
Get real silver or gold Liberty Dollars, US$ and economy is approaching
collapse.
Nov
27,
2004
Dollar slides to a record low - China,
other foreign banks show signs of disenchantment with U.S. currency
Are
you paying attention? You think just because you can continue making house
payments that you are invulnerable to foreclosure? Think again.
Eliminate your mortgage and other debts.
Nov
26,
2004
Dollar struggles, hits record low vs euro
Let
our professionals help you eliminate your debts.
Get real silver or gold Liberty Dollars, US$ and economy is approaching
collapse.
Nov
26,
2004
China cuts US treasury bond holdings to
avoid losses from a weakening dollar
Nov
26,
2004
Fundamental SUV economics elected Bush and maintains
real estate bubble: Property values away from commercial centers are
supported by the availability of cheap oil.
Nov
25,
2004
New U.S. Foreclosure Inventory Nears 30,000
in October, Announces Foreclosure.com
These foreclosed properties, sold for the unrecovered debt, will depress
housing prices in their areas. Together with the sharp decline in new
mortgages, this signals that the real-estate bubble is nearing the
bursting point. See
House of Cards:
Why home prices are about to plummet--and take the recovery with them.
Nov
25,
2004
Greenback Loses Favor In China
The US is being made a Pariah State along with Israel just
as Hitler and the Nazis were made Pariahs 70 years ago.
See also
Why
the invasion of Iraq?: Saddam intended to sell Iraqi oil in euro instead
of U. S. dollars
Nov
25,
2004
100 TRILLION DOLLARS IN DEBT WORLD WIDE...
The problem with a debt-instrument monetary system (such
as the Federal Reserve system we use here in the US) is that from the
moment it is created, more money is owed than is in existence.
Nov
24,
2004
America has no better than a 10 percent chance of
avoiding economic “Armageddon.''
Household debt
is at record levels, but Roach neglects to mention that artificially low
interest rates enticed millions to refinance their home mortgage. Trading
equity for consumer spending is all that has kept the economy going for
the past two years....along with money laundering from drug
trafficking.
U.S. consumers, who are in
debt up to their eyeballs, will get pounded.
Eliminate your debts.
Get real silver or gold Liberty Dollars, US$ and economy is approaching
collapse. 30% chance it will be SOON. 60% chance we'll muddle along
for a while, 10% we'll make it through unscathed.
Nov
24,
2004
Collapsing value of the dollar could pitch world
into a financial catastrophe
Nov
24,
2004
Russia will boost its share of central bank
reserves held in euros at the expense of the dollar
Nov 18,
2004
Dollar Near Record Low; Officials May Be
Unwilling to Halt Drop
Nov
17,
2004
The Coming Currency Shock
Flight from the dollar is already
underway. During the past two years, the US dollar has declined 52%
against the new European currency, the Euro. This decline is striking in
view of the sluggish European economy and the fact that many analysts
regard the Euro as merely a political currency. Indeed, the dollar is
declining against all currencies that have any international standing: the
British pound, the Canadian dollar, the Australian dollar, and even
against the Japanese yen despite Tokyo's intervention to support the
dollar. Overcome by hubris and superpower delusion, US policymakers are
unaware of America's peril. Economists and pundits are equally in the
dark.
Unaware or intentional? If the
purpose of the intrigue and propaganda is to see America go the way of
Imperial England, Imperial France, and Imperial Germany, then this is
intentional. If anyone wishes to ignore the lessons of history, they can
be unaware until it is too late. You don't need to be unaware and you can
mitigate the disaster that lies ahead. The greatest danger lies in
believing that it is NOT intentional. Eliminate your debts.
Nov 8,
2004
Dollar continues slide as foreign governments sell US assets
India and Russia have
reportedly been selling US assets, as well as petrodollar-rich Middle
Eastern investors.
China, which has $515bn of reserves, was also said to be selling dollars
and buying Asian currencies in readiness to switch the renminbi's dollar
peg to a basket arrangement, something Chinese officials have increasingly
hinted at. Any re-allocation could push the dollar sharply lower and
Treasury yields markedly higher.
Get real silver or gold Liberty Dollars, US$ is approaching collapse
“A day's wage used
to be a silver dime, a silver quarter, or maybe a silver dollar. A
silver dime today costs about 45 cents, at $6.20/oz. for silver. About
900 million oz. of silver are consumed annually, and just under 600
million ounces mined annually. There is 7X as much refined gold as
silver... Buy real silver, it is scarce, real wealth, and cannot go to
zero value. By the time paper money fails mankind once again, as it
always does, any silver dime you can lay your hands on will probably be
worth more than what $100 to $200 will buy you today.” Jason Hommel
The mind boggles here, huh? The above statement implies that a silver
dime’s future purchasing power will probably increase from $0.45 to
between $100 to $200, a 222 to 444 TIMES increase!
How can this be possible, even in our wildest dreams?
One way to look at it is from a static point, right now, not considering
the flow from mining and usage but from the fact that at the present
time, there is reputedly 7X the number of gold ounces in existence as
the number of silver ounces in existence. And with gold currently at
$418.40 per ounce and silver at $7.08 per ounce we have a ratio of 59.1
to one. To put it mathematically blunt, 59.1 times 7 equals 413.7. That
means the real value of silver 413.7 more valuable than physical gold
(7X). And if we multiply 413.7 times the current silver spot price of
$7.08, we get a revalued silver price of $2,920/oz! Is that a bargain or
what?
Get silver Liberty ASAP!
June 9, 2005
"Inflation is what happens when more and more money is created out of
thin air at a rate well ahead of economic output. Anybody capable of
skills that lie even modestly beyond drooling into a bucket must surely
recognize that this is precisely what’s happening today. "
The economy, contrary to the best-of-all-possible-worlds pronouncements
by Treasury Secretary John Snow, is a mess. Debt and deficits are piling
up everywhere -- in the federal budget, in our commercial trade balances
with the rest of world, in the massive accumulation of money borrowed
from foreign lenders (China, in particular) to finance Washington's
spending spree, and in the private accounts of American consumers. We
owe everybody. And that can't continue.
Three trillion in fake Federal Reserve Certificates could do huge damage
to the nation, yet the mainstream media that screams "terrorism" every
time a taxicab backfires in Baghdad has totally buried this story.
Watch the diversionary tactic of blaming the steep
decline in the value of the dollar on "inflation" and high energy costs.
Never mind that the insane policies of outsourcing production and
service jobs has created a huge trade deficit and Bush's insane deficit
spending to feed the coffers of Halliburton and the defense "industry"
have driven the "good faith and credit of the US Government" into the
abyss.
The bankruptcy bill was written by and for credit card companies, and
the industry's political muscle is the reason it seems unstoppable. But
the bill also fits into the broader context of what Jacob Hacker, a
political scientist at Yale, calls "risk privatization": a steady
erosion of the protection the government provides against personal
misfortune, even as ordinary families face ever-growing economic
insecurity.
Peter Costello's closest adviser fears the US is heading for a
devastating financial crash that could ravage Australia's economic
growth.
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