What you are about to read is NOT a fantasy. It is what is happening right NOW. Take your time read it slow. Re-read it if you must. I have and the implication is staggering.
Part #1
Renowned Funds Manager Juilan Robertson Predicts Global Economic Collapse
There was an interview on CNBC of the renowned funds manager Julian Robertson. He is one of the greatest of the old-timers. 53 years on the Street. He manages the Robertson group of funds. They used to call him, still do call him ´Never Been Wrong´ Robertson. He has predicted every economic cycle, every debacle, every bull market, and every bearmarket. Of course, he´s a very old man now. But his reputation on the Street is like nothing you could imagine. When the segment of his interview was through, his comments alone took the Dow Jones down 50 points. Just on his comments alone.That´s how powerful this man´s reputation is.Robertson was actually a teary-eyed, an old man.
When Ron Insana asked him about his predictions, he said that he´s worried about the speculative bubble in housing and the fact that more than 1/4 of all consumer spending is now sustained by thatbubble, plus the fact that 20 million citizens could lose their homes in a collapse of the speculative bubble in housing, and that the Fed and, indeed, central banks worldwide would act in concert out of desperation to reinflate the globaleconomy in the process, creating an inflationary spiral unheralded in the economic history of the planet.
Insana then asks, what will happen? " "Utter global collapse." Not simply economic collapse; complete disintegration of all infrastructure and of all public structures of governments. Utter, utter collapse. That the end is collapse of simply epic proportion.In 10 years time, he said, whoever is still alive on the planet will be effectively starting again.And the comments were so negative.
I´ve never heard anything like it. From a guy who was 53 years on the Street. This is Julian Robertson, the renowned Republican. And yet he blamed everything on ´the Bushonian Cabal,´ that the Cabal has now consolidated power and money on the planet to the maximum extent possible.
That the planet´s net liquidity--that is, net free cash flow--is now a negative number. That the planet is not simply sinking into a sea of red ink; it is already sunk. The people just don´t realize it yet.The enormity of it was such that he said that the Bush-Cheney regime--calls them ´the Bush-Cheney regime´ (I swear this guy must listen to me)--the Bush-Cheney regime is preparing the nation for transition from democracy into dictatorship because a dictatorship will be necessary to control, not civil unrest.
That isn´t what he said. He said that it will be necessary to control, in 5 years´ time, food and water riots.He said the federal government, that part of Patriot II Act, the internal exile, that the government is going to have to build now huge detention compounds on federal lands, probably in the West where the land is available, to potentially house 50 million or more citizens that will be in financial ruin.
Don’t believe it can happen here in America? Here is a link for the Concentration camps which they started building in the 1980’s . They are manned, staffed, up and running just waiting for the first people to enter.
http://www.flyingsnail.com/Dahbud/femaconcentrationcamps.html
If you enter one of theses the only way out will be in a body bag.
Food production will fall. And any further effort to control environmental destruction will be abandoned. Inflation will run into the double and eventually triple digits. People will be carrying around U.S. dollars in wheelbarrows like Germany.
AND THE LORD SAID…
“In the last days a day’s wages for a loaf of bread…”And he finally ended his comments by saying that he hopes that he is not alive to see this. And he looks at Ron Insana and he said, "The ´lucky´ ones are the ones who are my age now."
Total collapse of public infrastructure. Total collapse of medical care systems.All public pension plans, Social Security will collapse. All corporate pension plans will collapse.
I´ve never heard anything like it. But he backed that up with some fabulous statistics that I have pointed out before in various articles.
What he did is he did it all in literally one statement literally.
14% of all real estate transactions now being interest-only mortgages, and another 14% of people now, that, when they bought their homes, originated more than 100% of the purchase price in the mortgage and then borrowed further.
What he talked about is he globalized it a lot more than I have in the past by saying that the American consumer is effectively now supporting the rest of the planet, which is true; that consumption rates in all other nations are falling, have fallen to the point that the tax revenues to governments, that the business and industries those nation states are providing is now a net negative number relative to total debt service and public cost, that this existsin virtually every nation state on the planet now.
And he pointed out, more importantly, and I´m trying to think how we imply this or how we express this to the people, what extraordinary times we are living in and how the destruction of the planet has been engineered by the Bushonian Cabal from1980 to 1992, and then from 2001 to present, which has effectively destroyed the economic liquidity of the planet.
And it was absolutely extraordinary.When Insana asked him, you know, he said he had sold all of his real estate and he was moving into one of the new super-secure compounds for wealthy Republicans for when the ´barbarians will be at the gate.´
He said, "Ron, those barbarians will be potentially a third of the American population."Ron asked, "What are your friends doing?"
The implication being wealthy Republicans. And, this is interesting, he said everyone that he knew that had a home worth more than a million dollars in the United States has sold it. They have sold all of their landholdings.
They have liquidated all U.S. securities.
They have bought a townhouse or something in one of the new ultra-high secure semi-secretRepublican compounds with the barbed wire and the machine guns. And then they also own a home, like, in the Cayman Islands or somewhere in the Caribbean.
He spoke of the new Republican high-security compounds that are being built throughout theCaribbean, and even in Switzerland.And this is what he points to: He said the new wave, or where the wealthy Republicans are going in their housing--and he´s right.
It tells you much about what the wealthy Republicans think of where this planet is going: that they all want to livein these ultra-high security communities that haven´t even been built yet.And we´re talking about not simply the guards at the gate. We´re talking about communities the security of which have never been built before.
He´s referring to is these new gated communities that are being built with the 18-foot high walls and the machine-gun-toting guards and underground food lockers, cryogenic food lockers, and their own power plants, their own water. But it bespeaks volumes of where the top 10% of the nation feel the planet is going.The only thing that keeps popping into my mind is - what is it going to look like in ten years´ time?
What comes to mind is the final 30-second shot in the movie Rollover. The famed movie Rollover with Kris Kristoferson and Jane Fonda.The final 30-second shot when the decision was made, when Hume Cronyn is standing in his office in the Citi Bank building in New York with its 30-foot vaulted ceilings and mahogany paneling. He´s got the phone in his hand and he´s talking to thegroup of bankers, the 13 Gnomes, he called them, in Switzerland, that have the last remaining free cash flow in the world.He says, on the telephone...
"Pull the plug."
Then he lights up a cigar and pours himself a glass of brandy. And he looks down on the street. He´s 20 floors up. It´s all plate glass window. It was actually shot at the Citi Bank building. And he looks down the street.
It´s winter.
December.
Absolutely bitter cold, 3 feet of snow on the ground.
And all is dark.
The power´s gone.
No more power.
Everything has begun to collapse.
And the wind, you hear this frigid wind whistling through the canyons of the streets around Wall Street, which have become canyons. And there´s a few people there in tattered rags,with steel drums, burning stuff to keep warm.
It shows them,
they keep dumping in U.S. currency to keep the fire going.
And then at the end it shows down between Wall and Broad, there´s like 2 or 3 hundred people, there´s a food riot in progress.And Hume is sitting there looking out of his plate glass window with a cigar in his mouth.The very final scene:
You see the food riots.
Then you see the police come in in these ultra-high-tech-looking riot control, hover vehicles. They´re all black matte with dark red digitized writing that says "State Security."
And they start gassing the crowd.
And then it shows the Citi Bank executive helicopter coming down on top of the 57th floor of thebuilding to pick up Hume. He gets in the helicopter. The pilot actually asks him, "Where are we going?" And he said, "Oh, to my executive compound." The pilot points in the front seat of the helicopter and he said, "We have a case of the 1961vintage Rothschild `61. Mr. Chairman, we secured an extra case for you."Then they fly over where the food riots are. And there´s no power. And there´s trash blowing through the streets. And some of the telephone poles have come down.And they swing over the harbor and most of the boats are swamped or sunk or all grungy.
This is what Robertson´s words reminds me of. ---
* AL MARTIN is an independent economic-political analyst with 25 years of experience as a trader on NYMEX, CME, CBOT andCFTC. As a former contributor to the Presidential Council of Economic Advisors, Al Martin is considered to be a source ofindependent analysis for financially sophisticated and market savvy investors.After working as a broker on Wall Street, Al Martin was involved in the so-called "Iran Contra" Affair as a fundraiser for the Bush Cabal from the covert side of government aka the US Shadow Government.His memoir,
"The Conspirators: Secrets of an Iran Contra Insider,"
( [link to www.almartinraw.com)] provides an unprecedented look at the frauds of the Bush Cabal during the Iran Contra era.
His weekly column, "Behind the Scenes in the Beltway," is published weekly on Al Martin Raw.com, which also publishes a bimonthly newsletter called "Whistleblower Gazette."Al Martin´s new website "Insider Intelligence" ( [link to www.insiderintelligence.com)] will provide a long term macro-view ofworld markets and how they are affected by backroom realpolitik.
Part II
Restrictive Release DOA. Doc# 694195-AQ series1A
Protocols for Economic Collapse in America
Events to follow will be headed up by the U.S. Treasury. This is to occur when the economic collapse is no longer containable.
This document is the face document from the public 6900 series of protocols. The underlining force protocols are class 1A level Top Secret and above.
It would start with declaring a force majeure, which would immediately be interpreted by the marketplaces as a de facto repudiation of debt. Then the SEC and the various regulatory exchanges would anticipate the market’s decline, hour by hour -- when Japan’s markets opened the next day, what would happen when the European markets, and all the inter-linkages of the global markets. On the second day, US Special Forces would be dropped in by parachute in the cities where the twelve Federal Reserve district banks are located.The origin of these protocols comes from the Department of Defense. This is contingency planning for a variety of post-collapse scenarios. Those scenarios would include, obviously, military collapse, World War III, in other words, and its aftermath. What we’re talking about now is aftermath -- how the aftermath would be handled.One does not necessarily know how the events would transpire that would cause the collapse, whether it’s military collapse or economic collapse. In World War III, it would become obvious -- when the mushroom cloud started to appear over cities.Economic collapse scenarios were always premised on the basis of a US declaration of force majeure on debt service. It’s a very extensive scenario. The scenarios are all together, i.e., military, economic, political and social complete destabilization leading to collapse. Then they break down individual scenarios. In the economic collapse scenario, the starting point would be the United States Treasury declaring a force majeure on debt service, which is de facto repudiation, and that’s how it would be interpreted by the world’s capital marketplaces. Then the scenario goes on from there. The US Treasury would obviously declare a force majeure sometime after the European markets had settled down. In other words, they had gone out on the day, which means 11:38 a.m. EDT, our time. They’d wait until the European markets closed, and the US markets had been open for a couple of hours. That’s when they’d determine how to begin the process of unwinding or controlling the collapse to the best extent possible, mainly because they know that the greatest hedge pressure would be people seeking to use other markets to hedge their long exposure in the United States and that the US would be the biggest seller in all the rest of the world’s markets. Therefore you would want to declare the force majeure when the rest of the world’s markets closed. The declaration of force majeure would be precipitated by the declaration that the United States is no longer able to service its debt. That’s pretty simple. Who makes that decision? The Treasury Department. The President does not make that decision. The Secretary of the Treasury does. He has that authority.You might ask -- wouldn’t he have his arm twisted not to do that?The answer is that if there isn’t any money left to service the debt, it doesn’t make any difference what the current regime might want to do.The day of reckoning is now coming. What has happened in the interim, from 2001 to present, is dynamic, global economic deterioration. The economic deterioration visited upon the United States by Bushonomics is not a localized event. It is, in fact, global. We have a planet now that is sinking into a sea of red ink.The United States is consuming 80% of the planet’s savings rate to finance its debt. The central banks of Germany, Japan and Saudi Arabia are no longer the powerhouses they used to be. Their reserves have now been substantially depleted. They can, therefore, no longer hide the fact that they own a certain number, likely in the trillions of dollars, of U.S. Treasury debt that isn’t being serviced, because they can’t hide it through bookkeeping tricks anymore because their reserves are so depleted.Therefore somebody has covertly been putting demands on the Bush-Cheney regime for payment. Why do you think 2900 metric tons of gold is depleted from U.S. inventory since March of `01?Why do you think that $2 billion in currency seized from Iraq last May is now unaccounted for?Someone is putting demands on the Bush-Cheney regime. Someone is saying to the Bushonian Cabal that -- You’ve got to start servicing this debt because we, foreign central banks, are in nations - European and Asian - whose reserves are now nearly exhausted.Who could be putting that kind of pressure on them?It has to be coming from whoever is organizing this thing at the very top, which I would tend to think has got to be most likely a cabal of people that would involve Henry Kissinger, James Baker, George Schultz, possibly William Simon. It would be somebody at the very top that is familiar with how to do this. It would have to be someone familiar with finances.So would this be one faction of a cabal blackmailing or forcing another faction? No, it’s not really blackmailing. It’s being done out of desperation. The German, Japanese and Saudi central banks are saying to the Bushonian cabal, You’ve got to start servicing this debt because we don’t have the reserves to cover you anymore. We can no longer make it appear that the debt is being serviced because our own reserves are so substantively depleted. Therefore you must begin to cover this debt. If you don’t, then, at some point, we will have to publicly admit in order to save our own necks -- that we were the end buyers of a lot of stealth debt, a lot of debt that your Treasury issued illegally and has never serviced. That would then expose the whole cabal.The Kissinger-Baker faction are at the top of how this was done on the economic side of the equation. They were not the original insiders so much, but the managers of the conspiracy from the U.S. Treasury, to wit, the U.S. Treasury and Federal Reserve role-play the part.Take Henry Kissinger. It may not have occurred to anyone why in the last 3 years Henry Kissinger has been back in Washington more than he has in the last 30 years. And why are all these quiet meetings in Washington with alleged senior Bush-Cheney regime officials, as foreign news services endlessly put it. It’s because Kissinger is the point man. He’s the one that is telling them the disposition of other foreign central banks.Kissinger would probably also be involved in transfer or hypothecation of any assets from the cabal. In other words, they’re being stolen from the American people by the Bush-Cheney regime and the Bushonian Cabal, and they are being used to hypothecate, transfer, service, or otherwise carry this debt held by certain foreign central banks.The process of unraveling has already begun because of ever-spiraling Bushonian budget deficits. The Bush-Cheney regime, even in its overt policies (now they’re overt political, economic, social and military policies) is generating $600-billion-plus deficit per year, which is consuming 80% of the planet’s net savings rate.It doesn’t have the slack. In other words, it can’t refinance stealth debt by issuing more stealth debt anymore. Nor can they bleed money out of the system like they could in the 1980s by hiding it when the overt policies of the Bush-Cheney regime are already producing a budget deficit of 6% of Gross Domestic Product. There is no other mechanism that they could use anymore to hide expansion of debt that could be used to service said stealth debt, and they are, frankly, running out of assets that they can steal from the American people.So the proverbial day of reckoning is coming. The Bush-Cheney regime (and I give them credit for this) are telling the American people what’s coming, knowing the American people are too stupid to understand. They are telling the American people about the re-institution of the Gold Confiscation Act and the sudden scrapping of the Treasury’s emergency post-collapse gold note scheme to maintain domestic liquidity.David Walker, US Comptroller General and chief of the GAO has said that should the Bush-Cheney regime be re-ensconced into power and, hence, the scourge of Bushonomics persist, that the United States could no longer service its debt beyond 2009. They’re not hiding it from anybody anymore. They are telling you what’s happening. Now, what does that mean? The key is in what Walker is saying when he says the debt can no longer be serviced. I’ve been asked this on the radio shows. People have noticed what Walker said because he’s out in the news more often than he used to be. It’s unusual for the Comptroller General of the United States, which is a rather arcane position, to be out in the news so much.It simply means that when he says the United States will no longer be able to sustain Bushonian budget deficits, he means that by 2009, if Bush-Cheney have a second term in office, the United States will be consuming 100% of the planet’s savings rate to finance Bushonian budget deficits.Therefore, if the planet can no longer generate any more liquidity to lend to the United States, one of three things have to happen: A) There has to be a sudden and dramatic reduction in federal spending. There are only two places that can come from. There would have to be an immediate $100-billion cut in defense spending, which would end any hopes the Republicans had of getting into office for years to come because it would destroy any confidence the NFWCs (Naïve Flag Waving Crowd) had in them. Or you would have to scrap the multi-trillion-dollar Bushonian tax cuts for the Republican rich, something that’s equally unpalatable.The other option, B, as Paul O’Neill mentioned, is a dramatic increase in the rate of federal income taxation from the current nominal rate of 28% to 65%, which is what the Treasury Department estimated would be required post-2009 to provide the U.S. Treasury with sufficient revenues to continue to service debt.The third option, or C, becomes the declaration of a force majeure on credit service of U.S. Treasury debt by the United States Treasury, which is tantamount and would be accurately construed as de facto debt repudiation by the United States of America.There are other signs to look for. They’re not going to happen now, but if Bush-Cheney is re-elected, you’ll begin to see more signs that the end is coming. I know a lot of people may disagree, but you wait and see. If Bush-Cheney has a second term, see if they do not institute some currency expatriation control. See if that doesn’t come in the way Nixon tried it in May-June of 1971.In the second term, there will be some sort of currency expatriation control in the United States, but there will also be loopholes that will allow the large money to escape. The restrictions will apply to the 10- and 20-thousand-dollar people. It ain’t going to apply to the 10- and 20-million-dollar people. It would be self-defeating to do that.When that day comes, in other words, when the U.S. Treasury declares a force majeure on debt, it wouldn’t be broad-cast on mainstream media. There’s no sense because the American people don’t even understand what it means. But the announcement would actually be put on the Federal Reserve wire system, which would, of course, immediately be picked up by all media outlets anyway.The U.S. Treasury would declare a force majeure on debt after the Asian and European markets closed, probably at 12:30 p.m. EDT. The reason why that hour was always selected is because Asian and European markets close. It’s also the lunch hour for the markets. It’s when you’re going to have the fewest people on the floor of the exchanges. That would be the ideal time to make such an announcement.A few seconds after that announcement was made, all United States markets, both equities debt and commodities i.e., stock, bonds, commodities, that have trading collars or permissible daily limits would all be limit-offered with pools. Limit-offered means that there are more sellers at the limit i.e., limit down, than there are buyers.So-called ‘pools’ would immediately begin to form, probably a thousand contracts every few minutes. ‘Limit-offered with pools’ - this is trader language. Pools to sell 2,000 lots, 3,000 lots. That means, the number of sellers over and above the available buyers at the limit-offered price. That would begin to build.By 1:00, the news would begin to sink in because it would take awhile before panic selling would arise from the public. This news is being released at lunch hour.A lot of the American people initially would not even understand the temerity of the news. You would see professional selling first, and as that professional selling intensified over the afternoon, the SEC, the CFTC, NASDAQ, and various market regulatory authorities would begin to institute certain emergency market protocols. This would be the installation of the so-called ‘declaration of fast market conditions,’ for instance; the declaration of ‘no more stop orders,’ the declaration of ‘fill at any price,’ etc. in a desperate bid to maintain liquidity.That first day, the Dow Jones Industrial Average and related indices on a percentage basis would lose about 20% of their value by the close of business that day. The real impact would come overnight when the American people found out what this was all about and when it was explained to them.At 7:30 a.m. EDT, the Tokyo markets would open, and no price would be affixed for probably three or four hours into the session due to the avalanche of selling. Once prices were established, the government of Japan would close all of its financial markets. Europe would not even open. All European governments would close all capital exchanges the next day.The United States would, in order to accommodate global electronic trading, attempt to open the market on the second day, which they would do, regardless of price, just to maintain some liquidity. At the end of Day Two, the Dow Jones and related indices, would have lost two thirds of their value, and prices would be set accordingly.On Day Three, the New York Stock Exchange, the SEC and other related agencies would recommend to the United States Treasury and the Federal Reserve that all markets be closed. That would be on the morning of Day Three. Eleven a.m., the Federal Reserve would then order all domestic banks closed. All of the twelve Federal Reserve district banks would (30 minutes later) have special U.S. forces parachuted in and around them to secure whatever gold bullion reserves they had left.Day Three, 9:00 p.m., the President of the United States would declare a state of martial law. All financial transactions would come to an end. The Treasury would act to formally de-monetize the U.S. dollar and declare it worthless.This would be totally unprecedented. In the past, collapses have been temporary and have been brought back up. But what we’re talking about now is the end.These protocols that I’m referring to aren’t even all that secret. They were publicly available all through the Clinton era. These are Treasury protocols that were instituted mostly in the late 1970s when the Treasury and Federal Reserve began to feel that it was important to have an emergency-collapse protocol in place.What precipitated the timing of this was the inflationary spiral of the late 1970s. The U.S. Treasury and the Federal Reserve were both concerned that this inflationary spiral, which was occurring not only domestically but globally, might lead to a global, uncontrollable hyper-inflation that the Federal Reserve or major central banks could not stop by traditional means, i.e., by raising interest rates and contracting money supply.There was also the recognition, of course, that global central reserve bank bullion inventories had been so depleted over the previous 30 years that any re-institution of a species currency, even on a temporary basis, and even within a regional or individual nation-state basis, was no longer possible.This is an analogy. In a military scenario, it’s like the President of the United States pushing the final red button -- the commit button. The Treasury Secretary of the United States has a similar mechanism. It’s called the yellow button, the commit button. The Secretary of Defense has the same system. This is what happens. Computer program starts to institute these protocols. Imagine the complexity of trying the manage all this. I think it’s going to happen all simultaneously. There are hundreds of different agencies involved, both domestically and internationally. In order to maintain liquidity for as long as possible, it has to be extremely well-coordinated, and there must be existing collapse protocols that can be used.The reason I was familiar with them was because I used to see the U.S. Treasury 6900 Series Collapse Protocol, 6903, 6904 there’ll be A, B, and so on which keyed in to the Department of Defense to be incorporated within the Department of Defense’s own World War III scenario and various types of military/ political/ social instability/ war/ pestilence, chaos, etc. scenarios.All federal agencies had individual collapse protocols that ultimately got coordinated through the Department of Defense. Obviously, the Department of Defense would be the ultimate coordinator because it would need to have special forces available, on a stand-by basis, ready, that could quickly parachute into areas all over the country, into the cities particularly, to secure federal properties and assets.And that’s literally how it would begin. By the end of the third day, it would be all over -- a state of martial law. We’re not talking about war, now; this is just economic collapse.There’s no military implication here, no political, no social implication or policy directive thereunto. This is strictly economic collapse. By the end of Day Three, effectively, all banks in the world will be shut down, all paper currencies will become valueless. Martial law would be declared. There would be no continuing transactions, at least for a period of time, of commodities. All providers of fuels and foods would be shut down automatically.They have this in great detail too. U.S. Department of Defense Special 117th Assault Unit would parachute in to seize control of the cattle yards in Oklahoma City. This is how well it’s planned. In other words, economic collapse would automatically involve expansive military action and control.By the end of the third day, when you no longer have a domestic medium of exchange, you have to have secured food and fuel stocks. You’ve got to have troops that have secured distribution points where there is food and fuel stocks, warehouses, tanks, etc. Otherwise people are just going to go get them, and the people have to know that if they try to go break into that store and steal that loaf of bread, they’re going to be shot.Protocols for environmental disasters are called ‘scaling-circle scenarios.’ ‘Scaling circles’ is a Department of Defense euphemism. It’s also used in FEMA, OEM and other emergency management services. In environmental catastrophes, which are going to become national or global, it’s got to start someplace. It’s going to start in one very small, specific area. Therefore what happens is that the immediate force containment is the greatest in the first circle, to try to contain the spread of the disaster and keep it within that circle.The environmental problem, to whatever extent it’s possible, before it spreads, will be neutralized or mitigated, in order to keep that catastrophe within that circle, or, if it is likely that it is to escape that circle, to attack whatever it is in such a fashion as to mitigate its strength and its ability to contaminate or otherwise affect other areas.In the case of earthquakes, for instance, affecting the west coast, beginning at Mt. Rainier and moving southward -- that’s a different type of scenario. That does not include as much Department of Defense involvement. It includes separate protocols, wherein mostly FEMA and OEM act as the senior coordinating agencies between municipal, county and state disaster and containment, which is called Disaster and Containment Units. Federal troops would only be brought in for the purposes of maintaining control.In a military or economic collapse situation, National Guard units would provide any spare help they could in combating whatever the problem is. Federal troops would be used in order to have the specific authority simply to shoot anyone. There are plans for all sorts of scenarios. The economic-disaster scenario is the one I always found the most intriguing because it is the one that is least understood by the American people.Military control would be necessary when lines begin to form at the banks, people trying to access their money. But that wasn’t even anticipated as a big problem. Lines would form at the banks, but it was not even envisioned until sometime on Day Three because the American people wouldn’t get it. It would be announced that the stock markets are down 2000 or 3000 points, and since we’ve always been taught they’ll come back, the people would still be buying stocks.You could count on everybody remaining in ignorance all the way down because the American people have never been taught Economics 101. The American people wouldn’t realize the full extent of it until the markets were closed on the third day, or until the time when they went down to cash a check and the bank was closed with soldiers out in front. Then they would go down and see the gas station’s closed. They see the local supermarket has been shuttered, and there’s federal troops in front of it. Then they might begin to catch on. And remember -- it’s not just federal troops. In emergency-collapse protocols, even before the declaration of a formal state of emergency or a state of martial law, the local military authorities within any given county or jurisdiction have the ability to essentially militarize anyone, that is, any civilian. This would be more than just deputizing civilians. It’s federal. In other words, they would have the ability to militarize and give military authority to a civilian force. This would include not only police and the sheriffs and state police, but all local law enforcement that exists below the state level would be immediately militarized. They wouldn’t take just anybody like they did in Iraq. It would be like the military when they call for volunteers. Then they’d have everybody and their brother-in-law volunteering, waving around the American flag and so on.You’ve got a lot of pickup-driving guys in this country with the gun racks in the back and the Confederate flag flying. So you start waving the American flag in front of their face and say, Hey, you’re going to get your chance you always wanted -- to fit your potbelly inside an army uniform and carry a gun and shoot people. How appealing would that be?And besides, if you do this, then you’re going to get to eat.In other words, this is how it would unfold over three days, but, in fact, very few Americans would know what to do about it or how to take any precautions. They wouldn’t have a clue because they don’t understand enough about economics to know what is happening. So that’s what it is -- Economic Armageddon. If the Bush-Cheney regime is re-installed into power, that is effectively what Comptroller General David Walker is saying.In conclusion, since there is very little the people of the United States can do to protect themselves. We’re not going to make any suggestions of how to protect yourselves because there’s very little you can do.We could tell you to go out and buy gold coins and bury them in the coffee can in the back yard and go to your nearest survivalist store, but, frankly, that’s useless. In the last analysis, it’s a lot of hype. There is very little the average US citizen could do.The only thing that can prevent this, as the Comptroller alluded to when he was asked by Barbara Walters, How do we prevent reaching the problem by 2009? He said simply, "A change of regimes."So how do you prevent it? Don’t vote for Bush and Cheney -- and hope that Bush does not use his emergency powers to cancel or postpone the election by edict, powers which you, the flag-waving citizens, have given him.All flag-waving citizens, be warned. If you want to vote for Bush-Cheney again, make sure you got plenty of Spam on hand.Here’s an interesting and humorous aside. A couple of days ago, Hormel Foods, which makes Spam, announced that in the last six months there have been record sales of Spam in the United States the survivalists’ food of choice. After all, they pride themselves on the fact, as the spokesman for Hormel said, "It is the only food product you can buy with an expiration that’s 50 years."When everything goes to hell, when all that man has created has turned to dust again, the final legacy is going to be Spam. It will be the last surviving item -- when the anthropologists of 20 thousand years from now are digging sites and they see these enormous mountains of unopened cans of Spam They’ll have monuments to the past out of Spam.So if Bush-Cheney has a second term in office, there will be some sort of currency restriction, like Nixon did in 1971. On April 13, 2004, Deputy Assistant Treasury Secretary John Boine talked about potential currency restrictions. He used the word that’s going to fuel the flames of the survivalist and gloom-and-doom collapse people.It’s very, very telling that the U.S. Treasury may institute a restriction on the amount of U.S. dollars that can be converted into gold.Furthermore, he intimated (and I suspected that this was coming, although this wouldn’t actually become law until Bush-Cheney was in office for second term one way or another) that the Bush-Cheney regime determines that the Gold Confiscation Act gives to Treasury the power for so-called forced disclosure of gold holdings.I’m not quite sure of the language of the Gold Confiscation Act from 1933. It just says, "compelled", as in citizens are lawfully compelled to redeem gold for script. I don’t think there was any such provision, which he was inferring that there is. That was FDR’s "Raw Deal" of 1934, when people were coerced into giving up their gold. But nowhere in this act does it specifically authorize the Treasury to mandate citizens to report their gold holdings. So if this gets any press at all, particularly within the circles of gold bugs and so on, watch out.Furthermore, on Washington Journal they were talking about how FEMA has recommended to the Office of Homeland Security to have increased restrictions regarding citizen hoarding of long-term food and fuel supplies. That’s pretty sinister too.What they’re talking about is the purchase of long-term so-called stores of survival food. FEMA was talking about some sort of restriction preventing people from accumulating food stores; putting it simply, that’s what it means. The second point was to increase restrictions that already exist.FEMA was recommending even tighter restrictions on citizens building their own private property underground storage tanks for the purposes of long-term storage of fuel. The real intent of this is is threefold: a) to restrict citizens’ ability to hoard food; b) restrict citizens’ ability to hoard long-term storage of fuel; c) the forced identification of citizens to reveal food and fuel stocks they may be hoarding.And that, in my opinion, is the real essence. The Bush-Cheney regime was scared of having the FEMA angle put into the equation because they knew what it means and how people would interpret it.They have tried to use environmental legislation to restrict people’s ability to build fuel storage facilities on their own property -- to get around what the true intent of that was.But the bigger picture is that if you start to limit citizens’ ability to hoard fuel and food and shake them up by potential forced identification of gold holdings or forced redemption.In other words, what you don’t want is citizens who have the ability to store a lot of food and fuel and to own gold because they would be able to resist state control in the future.You’ve got to have every citizen on a rationing card to control the civilian population. You can’t have citizens out there hoarding food and fuel because then people can say to government,"I ain’t taking a rationing card, baby, with my national ID card. I don’t have to. You can’t control me through food and fuel and ever-worthless paper currency."I used to make fun of these people. But now, things have come full circle on this debate. The Bush-Cheney regime is making it increasingly clear through their small changes in policy. Not a lot of people monitor these decisions, but I do. And the pattern is becoming increasingly clear.In fact, I would believe that those of the survivalist mentality (the food, fuel, the gold coins in the coffee can in the back yard) people who think that way will be ultimately vindicated - if George Bush has a second term in office.
Part #3
Plunge Protection Team Rescues Market on 1/23Reposted from writer unknown During the last half of ’07 the Plunge Protection team [link to en.wikipedia.org] Sooner than later, however, it became apparent that the subprime and credit markets were in deep trouble. And the PPT has stepped in several times in the past few weeks to prevent the appearance of catastrophe. But time is running out.The most recent, conspicuous rescue happened at approximately 1:32 on 1/23/’08 as the market started to make a miraculous turnaround, about 10 minutes before W appeared on the air and proclaimed that the American economy is sound. If you doubt the assertion, check the ticker for yesterday and watch the markets climb for no clearly rational reason. Especially because global markets were down significantly.On the one hand the Fed is stepping in to prevent serious damage, which protects investors, and may even make the Fed a penny or two in profits, though, on average, that’s not likely. Yet, by interfering with natural market forces, the Fed is maintaining a safety blanket - wittingly or unwittingly - for firms who would otherwise have to revitalize on their own, if possible.Worse, however, is that the Fed is printing money beyond the growth indicators that permit reasonable funding. In other words, the Fed is seriously inflating the currency and devaluing the dollar.Sadly, these efforts, although in a more controlled manner, could’ve helped home owners on the verge of foreclosure, firms on the verge of recession, and finacial institutions on the verge of collapse if they were performed no later than 4Q ’06 and continued through ’07. It’s now a day late and billions of dollars short.Aside from economic exigencies, these conditions exist because of the woeful "War on Terror" since the Neocons are being forced to prop up the illusion of U.S. supremacy while the empire is in decline. It’s tough to face down your enemy when they know there won’t be many more "smart bombs" on the way. The markets have been a key indicator - far more meaningful than the Surge - of America’s might.Had the Administration, Wall Street, and the media - particularly outlets like CNBC - explored and truthfully presented the severe problems with America’s broken economy, rather than cheerfully and deceitfully insisting everything’s dandy, these problems may have been resolved with a much greater degree of proficiency. But America is now drowning in a sea of lies and can’t fathom what’s happening on an overall basis. Too many people in too many arenas pitching bull to the masses can’t now go back and retract their tales. The damage has been done.At this point, deceit is the greatest threat to America’s democracy. Overall trust in officials and authority is rapidly declining, as is all too apparent on sites such as this one. Politicians such as Bill Clinton ruthlessly fabricate stories and foment conflict in order to further their interests. He’s not alone for sure.This is not a testamonial for Ron Paul, whose stock has also gone down after it was revelaed his newsletter exhibited racial bias for years. Nonetheless, Paul has been the only candidate who has accurately outlined the scope of the overall problems as well as prescribed the appropriate solutions to solve them, beginnning with an immediate withdrawal from Iraq.None of the other Republicans come close. Romney’s at best a distant second. On the other side of the aisle, Clinton has no clue, especially since it was Bill’s pro-NAFTA and big business stance that in part produced much of the grief now being felt from one coast to the other. To a great extent, the country needs an antidote to the globalization promoted by the Clintons, which has radically reduced incomes and job opportunities.Obama may have the agility to sit and listen to all the powers and reach a successful middle ground, but it won’t be easy. And Edwards, who is a noble soul plagued by the homeless and helpless, is, unfortunately, pitching two Americas. One that by now won’t listen to him for very long and the other, the Federal government, which is already overextended. How’s it going to help a deeply troubled economy?In the not too distant future the PPT is going to run out of tricks simply because a large infusion of capital to bolster the markets is going to trigger an exit from the dollar. That’s a turning point that will have grave repercussions for decades, if not centuries to come
Let’s look at what happened recently in the Finical World Economy
The E.U. injects 325 Billion into the European Markets to keep the E.U. from going into a liquidity crisis. 12-16-07
CNBC declares Jan the worst month for the US stock market since pre-1950 America. 12-20-08
One of the largest frech Banks Société Générale loses $7 billion in trading fraud. 1-23-08
AMEX FLOOR WIDE TRADING HALT 1-23-08
(Yeah, right. They are going to play with the hardware in the middle of the day and switch over to something else "just for the hell of it"?? Risking the loss of how much money in fees and commissions plus the potential lawsuits for big investor not able to access or sell or buy during their INTENTIONALLY imposed down time? Yeah, they're that stupid. Nope. They are NOT. This was/is intentional. It's not a mere switching over of equipment. NOT AT ALL. I promise there will be many more trading stops...The PPT has been working to stem the tide of sell orders from last week.This is expected to continue unabated...one way to stop trading is to "make up some excuse" while the books are settled ... er manipulated ....There are many sellers and only PPT as buyers. I expect trading to be limited during the near future...watch for power outages or computer glitches...Recall, that the rulers have an extra ten minutes at the end of each trading day to put their orders in...the stated close is NOT really the actual close time...)
Front page of Times/picayune 1-24-2007
President BUSH offers a 150 BILLION stimulus package for the faltering economy.
(What’s wrong with the economy? I thought everything was rosy?)
Citigroup, Merrill Lynch and UBS together stand to lose 45 percent of the total worth 1-26-08
Moody's Investors Service and Standard & Poor's to cut the AAA credit ratings of all three lending institutions, Whitney said. The banks suffered $61 billion of the industry's $133 billion in losses from the collapse of the subprime mortgage market, according to data compiled by Bloomberg.``When it becomes clear, as we expect it will, that more and larger, much larger losses are on the horizon, we believe the market will take another turn for the worse,'' said Whitney.
Front page of Times/picayune 1-29-2007
The Democrats want to now add another 32 billion with a B to the already unaffordable stimulus package. Where are they going to get the money? Easy they will just keep printing paper money, further devaluing the US dollar.
Banks May very soon declare a write down ( LOSS ) of $70 Billion 1-30-08Jan. 30 (Bloomberg) -- Citigroup Inc., Merrill Lynch & Co., UBS AG and other banks will post another $70 billion in write downs (Losses) Theses are the losses that they can not hide from the public. Just how much is being lost or is already gone that we do not know about?
US Gold Reserves have been depleted by as much as 2.6 metric tons since 2002. 12-30-08
Jan. 30 (New York Times) – The council for fiscal Government spending has reported that mysteriously 2.6 metric tons of US gold has gone missing from US Gold reserves. The US Treasury is saying nothing and remaining tight lipped about where the gold has gone.
Thursday, February 07, 2008
The Economy is doing just fine thank you!
From the Desk of Robert D Anding III
I beg you to take notice of what is truly, factually, and daily occurring in the US and world finical markets. I warn you now, there is information which can not be distributed openly, however if anyone is willing they can find the loose strings and weave them into a recognizable canvas.
The deliberate dismantling of the current world finical system need not catch you off guard. The choice is yours!
The Economy is doing just fine thank you!
February 6, 2008Retailers Taking Their Medicine and Turning Cautious Over GrowthRetail Industry Experts Say Closing Stores and Pulling Back is the Right Move in this MarketThe past couple months in retail real estate have been laden with more store closing announcements and news of retailers slowing expansion plans than we've seen in a long time. However, two retail real estate strategy executives, a Wall Street retail analyst and a leading Texas retail real estate broker, confide that closing stores and turning cautious over expansion plans may be the best thing for retailers to be doing right now.Announcements over the last couple months include Movie Gallery closing another 400 stores; Charming Shoppes closing 150 stores and cutting expansion plans by 50%; Starbucks closing 100 stores and slowing expansion plans by 34%; Ann Taylor shuttering 117 stores and slowing store growth; Boston Market evaluating its real estate opportunities; Buffet Holdings sorting out its underperformers; Sprint Nextel closing 125 stores and 4,000 distribution points; Cost Plus World Market closing 18 stores; Liz Claiborne closing 54 Sigrid Olsen stores; New York & Company axing the Jasmine Sola brand and its 32 stores; Ethan Allen closing 12 stores; PacSun closing all of its 173 demo stores; and Talbots exiting its kids and men's lines through closure of 78 stores.Others include Rite Aid exiting Nevada by closing 28 stores; Macy's closing nine stores; Krispy Kreme expecting many franchisees to close stores; Kirkland's Home likely closing 130 stores; CompUSA's remaining 103 stores being disposed of; Rent-A-Center closing 280 stores; Sofa Express closing 44 stores in bankruptcy; 84 Lumber closing 12 stores; Home Depot closings some call centers; Levitz Furniture disposing of 76 stores in bankruptcy; Pep Boys closing 31 stores; Lifetime Brands closing 30 stores; Big A Drugs liquidating its 21 stores; and more.
Hey lets see who is doing just fine!
Wickes Furniture Files For BankruptcyPORTLAND, Ore. -- Wickes Furniture filed for Chapter 11 bankruptcy Monday.Company officials said the business was hit hard by the slump in the housing market, gas prices and a slowing economy overall.Wickes has more than 40 stores across the country. Six of them are in Oregon.
St.Louis, Chrysler had recently let go off its second shift at their plant. 850 have lost their jobs (announced today) at Macy's mid west headquarters here in down town St.Louis. Sprint is closing many of its stores very quietly nationally.
Granite City Steel closed its plant just last year.
Olin Corporation, in East Alton was bought out (parent company in Clayton) by out of town conglomerate, resulting in very serious major job loss locally.
[link to www.federalreserve.gov]
The Federal Reserve just released this week’s data. This happens every Thursday at approximately 4:30.
Last weeks release showed for the first time ever a -negative balance for 'non borrowed reserves' (2nd column). This is the first time ever this has happened.
(About the Release: The H.3 release provides data on aggregate reserves of depository institutions, including required reserves, total reserves, excess reserves, non-borrowed reserves, and borrowings by depository institutions from the Federal Reserve's discount window. The release also provides data on the monetary base, which includes currency and reserves. The release is published weekly. Current and historical data are also available from the Economic Bulletin Board of the U.S. Department of Commerce.)Look at the February 7, 2008 release!
The Federal Reserve is not publishing this week’s data in the current release.
Why?
Why?
Why?
There can only be one reason and that is the deliberate destruction of the US economy is almost complete. The FEDREAL RESERVE is now out of worthless paper. The same worthless Fed Reserve notes NO ONE wants to buy.
Hidden info:
Another MAJOR hint about this pending crisis is when you do a 'Google News' search on 'federal reserve non borrowed reserves' there is not a single result. There is literally a complete MSM 'blackout' about this. Not only is the fact that last week they were in the negative, now you have nothing about the omitted data.
From a very informed source who does not wished to be named:
The FEDERAL RESERVE BANK has more then -3 billion dollars in NEGATIVE fractional assets.
Meaning they are IN DEBT, with NO ONE, willing to continue to buy worthless US issued Monetary Bonds. IF you do not know what Fractional Reserve lending is, well you must have slept through your US economics class. Me, I never graduated high School, I had to learn the hard way, I read a book.
Oh Robert, you are just so over the top with all this vitriol!
[link to business.timesonline.co.uk]
Excerpt:Fears for bond insurance market put Federal Reserve on red alert [02/07/2009]
Ben Bernanke, chairman of the US Federal Reserve, yesterday acknowledged that the bank is worried about the impact of an impending implosion of bond insurers on the US economy.
In a letter published yesterday, Mr Bernanke said that the Fed is “closely monitoring” problems with US bond insurers: “Given the adverse effects that problems of financial guarantors can have on financial markets and the economy, we are closely monitoring developments,”
Mr Bernanke said in the letter to Paul Kanjorski, a Pennsylvania Democrat who chairs a House of Representatives sub-committee that oversees capital markets and the insurance industry.
Mr Bernanke was joined in his concerns by David Viniar, the chief financial officer of Goldman Sachs, who gave warning yesterday that some key mortgage bond insurers could collapse. He predicted that Wall Street bailouts would be able to satisfy ONLY SOME (caps are the OP's)of the need for extra cash.
Tick Tock
Tick Tock
I beg you to take notice of what is truly, factually, and daily occurring in the US and world finical markets. I warn you now, there is information which can not be distributed openly, however if anyone is willing they can find the loose strings and weave them into a recognizable canvas.
The deliberate dismantling of the current world finical system need not catch you off guard. The choice is yours!
The Economy is doing just fine thank you!
February 6, 2008Retailers Taking Their Medicine and Turning Cautious Over GrowthRetail Industry Experts Say Closing Stores and Pulling Back is the Right Move in this MarketThe past couple months in retail real estate have been laden with more store closing announcements and news of retailers slowing expansion plans than we've seen in a long time. However, two retail real estate strategy executives, a Wall Street retail analyst and a leading Texas retail real estate broker, confide that closing stores and turning cautious over expansion plans may be the best thing for retailers to be doing right now.Announcements over the last couple months include Movie Gallery closing another 400 stores; Charming Shoppes closing 150 stores and cutting expansion plans by 50%; Starbucks closing 100 stores and slowing expansion plans by 34%; Ann Taylor shuttering 117 stores and slowing store growth; Boston Market evaluating its real estate opportunities; Buffet Holdings sorting out its underperformers; Sprint Nextel closing 125 stores and 4,000 distribution points; Cost Plus World Market closing 18 stores; Liz Claiborne closing 54 Sigrid Olsen stores; New York & Company axing the Jasmine Sola brand and its 32 stores; Ethan Allen closing 12 stores; PacSun closing all of its 173 demo stores; and Talbots exiting its kids and men's lines through closure of 78 stores.Others include Rite Aid exiting Nevada by closing 28 stores; Macy's closing nine stores; Krispy Kreme expecting many franchisees to close stores; Kirkland's Home likely closing 130 stores; CompUSA's remaining 103 stores being disposed of; Rent-A-Center closing 280 stores; Sofa Express closing 44 stores in bankruptcy; 84 Lumber closing 12 stores; Home Depot closings some call centers; Levitz Furniture disposing of 76 stores in bankruptcy; Pep Boys closing 31 stores; Lifetime Brands closing 30 stores; Big A Drugs liquidating its 21 stores; and more.
Hey lets see who is doing just fine!
Wickes Furniture Files For BankruptcyPORTLAND, Ore. -- Wickes Furniture filed for Chapter 11 bankruptcy Monday.Company officials said the business was hit hard by the slump in the housing market, gas prices and a slowing economy overall.Wickes has more than 40 stores across the country. Six of them are in Oregon.
St.Louis, Chrysler had recently let go off its second shift at their plant. 850 have lost their jobs (announced today) at Macy's mid west headquarters here in down town St.Louis. Sprint is closing many of its stores very quietly nationally.
Granite City Steel closed its plant just last year.
Olin Corporation, in East Alton was bought out (parent company in Clayton) by out of town conglomerate, resulting in very serious major job loss locally.
[link to www.federalreserve.gov]
The Federal Reserve just released this week’s data. This happens every Thursday at approximately 4:30.
Last weeks release showed for the first time ever a -negative balance for 'non borrowed reserves' (2nd column). This is the first time ever this has happened.
(About the Release: The H.3 release provides data on aggregate reserves of depository institutions, including required reserves, total reserves, excess reserves, non-borrowed reserves, and borrowings by depository institutions from the Federal Reserve's discount window. The release also provides data on the monetary base, which includes currency and reserves. The release is published weekly. Current and historical data are also available from the Economic Bulletin Board of the U.S. Department of Commerce.)Look at the February 7, 2008 release!
The Federal Reserve is not publishing this week’s data in the current release.
Why?
Why?
Why?
There can only be one reason and that is the deliberate destruction of the US economy is almost complete. The FEDREAL RESERVE is now out of worthless paper. The same worthless Fed Reserve notes NO ONE wants to buy.
Hidden info:
Another MAJOR hint about this pending crisis is when you do a 'Google News' search on 'federal reserve non borrowed reserves' there is not a single result. There is literally a complete MSM 'blackout' about this. Not only is the fact that last week they were in the negative, now you have nothing about the omitted data.
From a very informed source who does not wished to be named:
The FEDERAL RESERVE BANK has more then -3 billion dollars in NEGATIVE fractional assets.
Meaning they are IN DEBT, with NO ONE, willing to continue to buy worthless US issued Monetary Bonds. IF you do not know what Fractional Reserve lending is, well you must have slept through your US economics class. Me, I never graduated high School, I had to learn the hard way, I read a book.
Oh Robert, you are just so over the top with all this vitriol!
[link to business.timesonline.co.uk]
Excerpt:Fears for bond insurance market put Federal Reserve on red alert [02/07/2009]
Ben Bernanke, chairman of the US Federal Reserve, yesterday acknowledged that the bank is worried about the impact of an impending implosion of bond insurers on the US economy.
In a letter published yesterday, Mr Bernanke said that the Fed is “closely monitoring” problems with US bond insurers: “Given the adverse effects that problems of financial guarantors can have on financial markets and the economy, we are closely monitoring developments,”
Mr Bernanke said in the letter to Paul Kanjorski, a Pennsylvania Democrat who chairs a House of Representatives sub-committee that oversees capital markets and the insurance industry.
Mr Bernanke was joined in his concerns by David Viniar, the chief financial officer of Goldman Sachs, who gave warning yesterday that some key mortgage bond insurers could collapse. He predicted that Wall Street bailouts would be able to satisfy ONLY SOME (caps are the OP's)of the need for extra cash.
Tick Tock
Tick Tock
Sunday, November 11, 2007
Just Being Silly.....
The biggest object in our solar system is now Comet 17P/Holmes...
AND...
Comet 17P/Holmes is growing and expanding by the day. and still no images, no main stream media, no news reports, no explanation fromNASA, the Dept. of Defense, FEMA, nothing, nada, zip, zero, bup-kiss! Lets look at the sheer magnitude of what has happened in a a veryshort time.
The comet, asteroid, meteor, whatever 'IT' is, the thing is now BIGGER then the SUN!
The Hubble Space based telescope, The Spitzer Telescope, Germany'smost advanced deep space orbital telescope, and the Earth's biggestand most well funded land-base telescope Palomar Observatory are ALL missing in action, why? I can tell you this, several of the NSA's Covert series of high gain photo sats have been re-tasked to investigate this 'THING.'
Lets look at the numbers, shall we:
Comet 17P / Holmes is 1 409,918km,
The SUN is 1391,000km,
Jupiter 142,984kn,
The Earth 12,756km.
Anyone feeling insignificant?
When asked why nothing was being said about this situation, a specialist in Planetary Tectonic Magnetics who currently works for ************* in a sensitive field said: "You know why? Things are not yet in place to deal with the people part of the equation." I asked "what does that mean?" He replied "if it got out People would freak-out and panic..."
You ask dear reader..."What does that mean?" Well, lets see what is NOT being said.
So, here we are....11/10/2007....
There is a massive fire Ball in the sky growing daily in size. Growing, so big infact, that 'IT' is now bigger then the SUN! 'The Power That Be' are saying NOTHING. Not a word but, here are some interesting side notes about what is NOT being said.....
Try and connect the dots.......
In 2006 out of NO where, suddenly...The Norwegian government began constructing a global vault for seeds on Svalbard, halfway between theNorwegian mainland and the North Pole. Crop seeds from the entireworld will be put into frozen storage.
Wow..a place to store seeds incase of what....? Umm...something, say a massive impact by a cometwhich wipes out all the plant life for several years while the fires burn out and the insuing dust cloud settles.
Then you have in 2005...Engineers in the UK have started a three year,Fast track study into ways of intercepting or deflecting asteroids,comets, and meteors that might smash into the planet.The idea is thatthe engineers will only consider methods that could practically be implemented using......
Also in 2005 The European Space Agency is putting together a missionto see how well current technology could handle the threat of anasteroid-comet-meteor impact. The ESA is calling for spacecraft designproposals from the space industry, and early in 2006 it will selecttwo to be developed further. The final mission design will be chosenin early 2007, but the launch date has yet to be confirmed.
Also in 2005 Japan's Aero-Space Agency launched The HAYABUSA(MUSES-C)Mission which will investigate an Earth bound incoming object, such asan asteroid-meteor-comet also known as an earth-approaching type.Through this mission, Japan's Institute of Space and AstronauticalScience (ISAS) intends to establish the technology to intercept theEarth bound incoming object and bring back samples of the surface toearth (sample return).
Also in 2005 America's own NASA launched it's own Deep impact Probe. PASADENA,Calif. - NASA fine-tuned a space probe's final dive toward its comettarget Sunday, at the climax of a suicide mission that scientistshoped would provide new insight into the origins of the solarsystem.The 820-pound (373-kilogram) copper probe was on course tointercept Tempel 1, a pickle-shaped comet half the size of Manhattan,and smash a hole in it so scientists could get their first peek at theheart of one of the icy celestial bodies.
I am sure this is all just a big coincidence.
A silly fluke.
After all, I am absolutely SURE that the Major Governments of theworld spent BILLIONS of dollars trying to figure out how to stop, knock off course, or blow up, a comet just for the FUN of IT. I mean isn't government spelled backwards...FUN...FUN...FUN!
They love fun, their all about fun! After all you can't spell government without FUN!
I mean come on it's not like ALL of the World's Major Governments got together and began spending massive amounts of money, EACH and SEPARATELY, on exactly the same thing....to stop, knock off course, or blow up, a comet, AT EXACTLY the same time.
What would the odds ofthat be? Can you say 10 to the 50th power.
I mean it's not like THEY ALL had the SAME EXACT TIME FRAME.
OR that THEY all wanted to have the ANSWER, at the LATEST, by 2007-early 2008.
Come on, that would be crazy! Sheer lunacy!
AND!!!
To top it OFF, it's not like suddenly, one of the MAJOR GOVERNMENTS began to plan for the unthinkable and began building a DOOMSDAY SEED VAULT. That way after every living thing is killed off of the face of the earth, by say a COMET, they would have the seeds on hand to start over.
There no way all those random occuerances could happen at the exact same time unless there was a real-serious-pressing-life threatening-world altering, history making, high, VERY HIGH, probabiltiy, that indeed SOMETHING was Ummm....what's the phrase I am looking for?
Oh, yes
A Massive Comet whoes main body is composed of an outer core of ice with a dense inner core of Iron and Nickel Bromide. The unexpected density was so great that 2 American Nukes were unable to damage it significantly, or alter it's present IN-BOUND trajectory. On it's present course 'IT' is to strike the Earth with a high degree of absoulte certainty. The Nothern Hemisphere is the most likely strike zone, unless course alteration is achived in the next few weeks.
Now, I am just being silly!
Tuesday, September 18, 2007
Russia far advanced in EM Scaler weapons
In late April/early May of 1985, the entire armada of Soviet strategic scalar EM superweapons was activated as a special celebration of the 40th anniversary of the end of W.W.II.
Activation of this armada (which probably contained over 100 EM Mega Scaler Weapons), together with 27 giant power sub-systems and a large number of command and control transmissions, was monitored on an advanced, proprietary detection system.
After the gigantic strategic exercise, which lasted several days, most of the weapons and power sources were once again stood down to "standby and were moved to hidden locations deep within Russia.
Over the years, various aircraft were interfered with or downed as tests of these Soviet weapons. A particular case involved the mysterious loss of many F-111s in the Vietnam conflict. At least one downed F-111 crew was recovered in the subsequent prisoner of war exchange. On that aircraft all electrical systems were in difficulty simultaneously. This was probably due to special Soviet teams converting some North Vietnamese SA-2 missile system radars to the scalar EM mode, and employing "scalar beam" interference to produce spurious EM noise throughout the electrical and electronic systems of the aircraft.----------
As early as January 1960,
Nikita Khrushchev announced the Soviet development of a new, fantastic weapon.
On April 10 1963 one of the first new superweapons operationally deployed
was used to destroy the U.S.S. Thresher atomic submarine underwater,
off the east coast of the U.S. The next day, April 11, 1963 the same deployed superweapon was utilized in a different mode to produce a giant underwater explosion in the ocean over the Puerto Rican Trench, 100 miles north of Puerto Rico. "
The NASA shuttle launches provided an convenient opportunity for Soviet testing of these superweapons in a launch phase ABM mode, where a launched missile can be detected and destroyed shortly after liftoff. At first, electromagnetic pulse (EMP) bursts on the early shuttle trajectory were deliberately delayed in time, to prevent actual destruction of the target and avoid alerting the U.S. that something unusual was happening.
The shuttle launch of November 26, 1985 saw a particularly significant test of this kind. In this case,
a very loud unexplained "sonic boom" or explosion occurred over the launch site 12 minutes after shuttle liftoff,
when the shuttle was already away and downrange. At least two previous shuttle launches had also been used as pseudo-targets, with delayed booms occurring over the launch site well behind the vehicles.
After lack of U.S. reaction to these tests showed that the
U.S. still had no knowledge of the new technology
and did not even recognize its employment, the Soviets apparently decided to proceed with tests where the target would actually be destroyed.On December 12, 1985 the same Soviet weapon tested against the NASA shuttle launches deliberately interfered with the controls of an Arrow DC-8 taking off from Gander Air Force Base, Newfoundland. At an altitude of 100 feet, the aircraft--carrying over 250 U.S. soldiers and civilian crew members lost power and sank into the ground tail-low, killing everyone on board.
Three Canadian witnesses to the crash were interviewed over the Canadian Broadcast Corporation's television news on April 8,1986 at 10 p.m. No flame or smoke issued from the plane before its descent and crash.
However the aircraft was seen to be mysteriously glowing with a yellow glow. That is a signature of the use of a scalar howitzer in the "continuous EM emergence" mode, similar to the manner in which the F-111s were downed in Vietnam. In short, the DC-8s electrical systems were interfered with ny electromagnetic noise created throughout the spacetime occupied by the aircraft. The powerful charge created in and around the aircraft also apparently caused the loss of two engines, one after the other. With its controls ineffective, and its power drastically reduced, the aircraft sank to earth, still in its "tail down" configuration from takeoff, and crashed and burned.
The "yellow glow" was a corona due to the acquisition of a high electrical charge by the skin of the aircraft. They have tested a fantastic range of anti-ballistic missile (ABM) defense weapons for over two decades, and the West is currnetly far behind in such technology.
Activation of this armada (which probably contained over 100 EM Mega Scaler Weapons), together with 27 giant power sub-systems and a large number of command and control transmissions, was monitored on an advanced, proprietary detection system.
After the gigantic strategic exercise, which lasted several days, most of the weapons and power sources were once again stood down to "standby and were moved to hidden locations deep within Russia.
Over the years, various aircraft were interfered with or downed as tests of these Soviet weapons. A particular case involved the mysterious loss of many F-111s in the Vietnam conflict. At least one downed F-111 crew was recovered in the subsequent prisoner of war exchange. On that aircraft all electrical systems were in difficulty simultaneously. This was probably due to special Soviet teams converting some North Vietnamese SA-2 missile system radars to the scalar EM mode, and employing "scalar beam" interference to produce spurious EM noise throughout the electrical and electronic systems of the aircraft.----------
As early as January 1960,
Nikita Khrushchev announced the Soviet development of a new, fantastic weapon.
On April 10 1963 one of the first new superweapons operationally deployed
was used to destroy the U.S.S. Thresher atomic submarine underwater,
off the east coast of the U.S. The next day, April 11, 1963 the same deployed superweapon was utilized in a different mode to produce a giant underwater explosion in the ocean over the Puerto Rican Trench, 100 miles north of Puerto Rico. "
The NASA shuttle launches provided an convenient opportunity for Soviet testing of these superweapons in a launch phase ABM mode, where a launched missile can be detected and destroyed shortly after liftoff. At first, electromagnetic pulse (EMP) bursts on the early shuttle trajectory were deliberately delayed in time, to prevent actual destruction of the target and avoid alerting the U.S. that something unusual was happening.
The shuttle launch of November 26, 1985 saw a particularly significant test of this kind. In this case,
a very loud unexplained "sonic boom" or explosion occurred over the launch site 12 minutes after shuttle liftoff,
when the shuttle was already away and downrange. At least two previous shuttle launches had also been used as pseudo-targets, with delayed booms occurring over the launch site well behind the vehicles.
After lack of U.S. reaction to these tests showed that the
U.S. still had no knowledge of the new technology
and did not even recognize its employment, the Soviets apparently decided to proceed with tests where the target would actually be destroyed.On December 12, 1985 the same Soviet weapon tested against the NASA shuttle launches deliberately interfered with the controls of an Arrow DC-8 taking off from Gander Air Force Base, Newfoundland. At an altitude of 100 feet, the aircraft--carrying over 250 U.S. soldiers and civilian crew members lost power and sank into the ground tail-low, killing everyone on board.
Three Canadian witnesses to the crash were interviewed over the Canadian Broadcast Corporation's television news on April 8,1986 at 10 p.m. No flame or smoke issued from the plane before its descent and crash.
However the aircraft was seen to be mysteriously glowing with a yellow glow. That is a signature of the use of a scalar howitzer in the "continuous EM emergence" mode, similar to the manner in which the F-111s were downed in Vietnam. In short, the DC-8s electrical systems were interfered with ny electromagnetic noise created throughout the spacetime occupied by the aircraft. The powerful charge created in and around the aircraft also apparently caused the loss of two engines, one after the other. With its controls ineffective, and its power drastically reduced, the aircraft sank to earth, still in its "tail down" configuration from takeoff, and crashed and burned.
The "yellow glow" was a corona due to the acquisition of a high electrical charge by the skin of the aircraft. They have tested a fantastic range of anti-ballistic missile (ABM) defense weapons for over two decades, and the West is currnetly far behind in such technology.
Is anyone in Washington Listening...?
Russia is conducting pre-emptive First - Strike nuclear sorties against the Continental U.S.
In addition to arming our enemies like Iran and Syria, they are now playing dangerous war games reminiscent to the warmer periods of "the Cold War."
Drowned out in the media by tales of O.J. and Brittney, it is probably news to the majority of Americans that as you are reading this, Russian strategic bombers are conducting a series of long-range training flights, complete with aerial refueling, simulating a full-fledged nuclear cruise missile strike on the Continental United States.
These exercises, conducted in a time when world tensions continue to mount, are scheduled to continue through September 21st.
Russian strategic bombers Tu-160, Tu-95 and Tu-22M3, and Il-78 aerial tankers are engaged in this exercise, which in all practicality, could "go live" at any time, and the
U.S. would have precious little warning should the unthinkable occur.
Accordingly, these Russian exercises can and should be viewed as "Warning Order" exercises which could be executed against the Continental United States and our allies imminently - even during the execution of the announced "exercises" themselves. In that case the exercise would no longer be an exercise, but a real-world pre-emptive nuclear strike by Russian cruise missiles.
It is important to point out that all military forces exercise such capabilities for a variety of reasons.
The primary reason is to be able to execute such a mission as effectively as possible when such an order is issued.
In August, Moscow announced that flights by strategic bombers have not only resumed, but would continue to be flown on a permanent basis. According to intelligence sources,
Russian aircraft equipped with cruise missiles could strike between 172 - 192 American cities
(depending upon their weapon configuration) inside the U.S. with little warning. They appear to be flying sorties to forward launch points prior to the exercise, then are refueled in -flight to get them within range of the Continental U.S., but remain just outside of our air defense envelope to enable a launch followed by escape and evade back to their home bases.
In September 2006 Russian strategic aviation conducted simulated nuclear strikes within the contiguous territory of the Russian Federation. That exercise reportedly involved 60 long-range bombers of the same variants seen airborne in the exercise currently in progress. The difference is that in the exercise of 3 and 4 September, as well as the current 18-21 September exercise, the targets of the nuclear cruise missiles are not within Russian territory but are in fact once again real-world locations within the continental United States. To my knowledge, exercises of this scale with massed strategic, long-range aircraft of 12 or more in a single sortie, accompanied by long-range refueling aircraft, over a period of several days and in such a configuration that the Russian aircraft aloft could strike a couple hundred U.S. cities, military targets and infrastructure with 200kt nuclear weapons evokes images of a modern day, albeit nuclear, 'Pearl Harbor.'
This is inherently dangerous and deadly business. In fact, it is my opinion that such exercises are a direct threat of nuclear warfare against America by Russia.
In addition to arming our enemies like Iran and Syria, they are now playing dangerous war games reminiscent to the warmer periods of "the Cold War."
Drowned out in the media by tales of O.J. and Brittney, it is probably news to the majority of Americans that as you are reading this, Russian strategic bombers are conducting a series of long-range training flights, complete with aerial refueling, simulating a full-fledged nuclear cruise missile strike on the Continental United States.
These exercises, conducted in a time when world tensions continue to mount, are scheduled to continue through September 21st.
Russian strategic bombers Tu-160, Tu-95 and Tu-22M3, and Il-78 aerial tankers are engaged in this exercise, which in all practicality, could "go live" at any time, and the
U.S. would have precious little warning should the unthinkable occur.
Accordingly, these Russian exercises can and should be viewed as "Warning Order" exercises which could be executed against the Continental United States and our allies imminently - even during the execution of the announced "exercises" themselves. In that case the exercise would no longer be an exercise, but a real-world pre-emptive nuclear strike by Russian cruise missiles.
It is important to point out that all military forces exercise such capabilities for a variety of reasons.
The primary reason is to be able to execute such a mission as effectively as possible when such an order is issued.
In August, Moscow announced that flights by strategic bombers have not only resumed, but would continue to be flown on a permanent basis. According to intelligence sources,
Russian aircraft equipped with cruise missiles could strike between 172 - 192 American cities
(depending upon their weapon configuration) inside the U.S. with little warning. They appear to be flying sorties to forward launch points prior to the exercise, then are refueled in -flight to get them within range of the Continental U.S., but remain just outside of our air defense envelope to enable a launch followed by escape and evade back to their home bases.
In September 2006 Russian strategic aviation conducted simulated nuclear strikes within the contiguous territory of the Russian Federation. That exercise reportedly involved 60 long-range bombers of the same variants seen airborne in the exercise currently in progress. The difference is that in the exercise of 3 and 4 September, as well as the current 18-21 September exercise, the targets of the nuclear cruise missiles are not within Russian territory but are in fact once again real-world locations within the continental United States. To my knowledge, exercises of this scale with massed strategic, long-range aircraft of 12 or more in a single sortie, accompanied by long-range refueling aircraft, over a period of several days and in such a configuration that the Russian aircraft aloft could strike a couple hundred U.S. cities, military targets and infrastructure with 200kt nuclear weapons evokes images of a modern day, albeit nuclear, 'Pearl Harbor.'
This is inherently dangerous and deadly business. In fact, it is my opinion that such exercises are a direct threat of nuclear warfare against America by Russia.
Thursday, August 09, 2007
Russian strategic bombers... Need I say More?
MOSCOW, Russia's strategic bombers have resumed the Soviet Union's Cold War practice of flying long-haul missions to areas patrolled by NATO and the United States, generals said on Thursday.
A Russian bomber flew over a U.S. military base on the Pacific island of Guam on Wednesday and "exchanged smiles" with U.S. pilots who had scrambled to track it, said Maj. Gen. Pavel Androsov, head of long-range aviation in the Russian air force.
"It has always been the tradition of our long-range aviation to fly far into the ocean, to meet [U.S.] aircraft carriers and greet [U.S. pilots] visually," Androsov told a news conference.
"Yesterday we revived this tradition, and two of our young crews paid a visit to the area of the [U.S. Pacific Naval Activities] base of Guam," he said.
President Vladimir Putin has sought to make Russia more assertive in the world.
Putin has boosted defense spending and sought to raise morale in the armed forces, which were starved of funding in the chaos that followed the fall of the Soviet Union.
Androsov said the sortie by the two turboprop Tu-95MS bombers, from a base near Blagoveshchensk in the Far East, had lasted for 13 hours. The Tu-95, codenamed "Bear" by NATO, is Russia's Cold War icon and may stay in service until 2040.
"I think the result was good. We met our colleagues -- fighter jet pilots from [U.S.] aircraft carriers. We gave them the finger and returned home," Androsov said.
U.S. officials told CNN, however, that the two bombers came no closer than 100 miles to any U.S. aircraft and no closer than 300 miles to the Navy ships, and that there was no visual contact.
Ivan Safranchuk, Moscow office director of the Washington-based World Security Institute, said he saw nothing extraordinary in Moscow sending its bombers around the globe.
"This practice as such never stopped, it was only scaled down because there was less cash available for that," he said. "It doesn't cost much to flex your muscles and soon we will catch the Americans sleeping ... You can burn fuel flying over your own land or you can do it flying somewhere like Guam, in which case political dividends will be higher."
The bombers give Russia the capability of launching a devastating nuclear strike even if the nuclear arsenals on its own territory are wiped out.
During the Cold War, they played elaborate airborne games of cat-and-mouse with Western air forces.
Lt. Gen. Igor Khvorov, air force chief of staff, said the West would have to come to terms with Russia asserting its geopolitical presence around the globe.
On Wednesday,young pilots of strategic bombers passed a series of tests, including missile launches. "We fired eight cruise missiles, and all hit bull's eye," Khvorov said.
He said one crew had taken off from Engels in southwestern Russia, hit a target in the north and then flown thousands of kilometers before finally landing in the Far East.
Engels is home to Russia's supersonic Tupolev Tu-160 strategic bombers, in service since 1987 and codenamed "Blackjack" by NATO while called "White Swan" by Russian pilots.
The generals said under Putin long-range aviation was no longer hindered by a lack of fuel, the aircraft enjoyed better maintenance and the crews much higher wages -- not the least because the Kremlin leader once made a five-hour sortie as part of a "White Swan" crew.
Soon America will be caught asleep at the switch and the Russian Airforce allied with the Chinese Airforce will end the threat of the West forever.
A Russian bomber flew over a U.S. military base on the Pacific island of Guam on Wednesday and "exchanged smiles" with U.S. pilots who had scrambled to track it, said Maj. Gen. Pavel Androsov, head of long-range aviation in the Russian air force.
"It has always been the tradition of our long-range aviation to fly far into the ocean, to meet [U.S.] aircraft carriers and greet [U.S. pilots] visually," Androsov told a news conference.
"Yesterday we revived this tradition, and two of our young crews paid a visit to the area of the [U.S. Pacific Naval Activities] base of Guam," he said.
President Vladimir Putin has sought to make Russia more assertive in the world.
Putin has boosted defense spending and sought to raise morale in the armed forces, which were starved of funding in the chaos that followed the fall of the Soviet Union.
Androsov said the sortie by the two turboprop Tu-95MS bombers, from a base near Blagoveshchensk in the Far East, had lasted for 13 hours. The Tu-95, codenamed "Bear" by NATO, is Russia's Cold War icon and may stay in service until 2040.
"I think the result was good. We met our colleagues -- fighter jet pilots from [U.S.] aircraft carriers. We gave them the finger and returned home," Androsov said.
U.S. officials told CNN, however, that the two bombers came no closer than 100 miles to any U.S. aircraft and no closer than 300 miles to the Navy ships, and that there was no visual contact.
Ivan Safranchuk, Moscow office director of the Washington-based World Security Institute, said he saw nothing extraordinary in Moscow sending its bombers around the globe.
"This practice as such never stopped, it was only scaled down because there was less cash available for that," he said. "It doesn't cost much to flex your muscles and soon we will catch the Americans sleeping ... You can burn fuel flying over your own land or you can do it flying somewhere like Guam, in which case political dividends will be higher."
The bombers give Russia the capability of launching a devastating nuclear strike even if the nuclear arsenals on its own territory are wiped out.
During the Cold War, they played elaborate airborne games of cat-and-mouse with Western air forces.
Lt. Gen. Igor Khvorov, air force chief of staff, said the West would have to come to terms with Russia asserting its geopolitical presence around the globe.
On Wednesday,young pilots of strategic bombers passed a series of tests, including missile launches. "We fired eight cruise missiles, and all hit bull's eye," Khvorov said.
He said one crew had taken off from Engels in southwestern Russia, hit a target in the north and then flown thousands of kilometers before finally landing in the Far East.
Engels is home to Russia's supersonic Tupolev Tu-160 strategic bombers, in service since 1987 and codenamed "Blackjack" by NATO while called "White Swan" by Russian pilots.
The generals said under Putin long-range aviation was no longer hindered by a lack of fuel, the aircraft enjoyed better maintenance and the crews much higher wages -- not the least because the Kremlin leader once made a five-hour sortie as part of a "White Swan" crew.
Soon America will be caught asleep at the switch and the Russian Airforce allied with the Chinese Airforce will end the threat of the West forever.
Wednesday, August 08, 2007
Thank you spinless Washington Insiders
CHINA threatens "nuclear option" of dollar sales
The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.
Two officials at leading Communist Party bodies have given interviews in recent days warning - for the first time -
Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon.
This to counter pressure from the US Congress. Shifts in Chinese policy are often announced through key think tanks and academies. Described as China's "nuclear option" in the state media, such action could trigger a dollar crash at a time when the US currency is already breaking down through historic support levels. It would also cause a spike in US bond yields, hammering the US housing market and perhaps tipping the economy into recession.
It is estimated that China holds over $900 Billion in a mix of US bonds. Xia Bin, finance chief at the Development Research Centre (which has cabinet rank), kicked off what now appears to be government policy with a comment last week that Beijing's foreign reserves should be used as a "bargaining chip" in talks with the US.
"Of course, China doesn't want any undesirable phenomenon in the global financial order," he added.He Fan, an official at the Chinese Academy of Social Sciences, went even further today, letting it be known that Beijing had the power to set off a dollar collapse if it choose to do so."China has accumulated a large sum of US dollars. Such a big sum, of which a considerable portion is in US treasury bonds, contributes a great deal to maintaining the position of the dollar as a reserve currency.
Russia, Switzerland, and several other countries have seriously reduced the their dollar holdings."China is unlikely to follow suit as long as the yuan's exchange rate is stable against the dollar. The Chinese central bank will be forced to sell dollars once the yuan appreciated dramatically, which might lead to a mass depreciation of the dollar," he told China Daily.
The threats play into the presidential electoral campaign of
Hillary Clinton(The Next US President),
has called for restrictive legislation to prevent America being "held hostage to economic decicions being made in Beijing, Shanghai, or Tokyo".
She said foreign control over 44pc of the US national debt had left America acutely vulnerable.Simon Derrick, a currency strategist at the Bank of New York Mellon, said the comments were a message to the US Senate as Capitol Hill prepares legislation for the Autumn session. "The words are alarming and unambiguous. This carries a clear political threat and could have very serious consequences at a time when the credit markets are already afraid of contagion from the subprime troubles," he said.
A bill drafted by a group of US senators, and backed by the Senate Finance Committee, calls for trade tariffs against Chinese goods as retaliation for alleged currency manipulation.The yuan has appreciated 9 percent against the dollar over the last two years under a crawling peg but it has failed to halt the rise of China's trade surplus, which reached $26.9bn in June.
Henry Paulson, the US Tresury Secretary, said any such sanctions would undermine American authority and "could trigger a global cycle of protectionist legislation".
Mr Paulson is a China expert from his days as head of Goldman Sachs. He has opted for a softer form of diplomacy, but appeared to win few concession from Beijing on a unscheduled trip to China last week aimed at calming the waters.
The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.
Two officials at leading Communist Party bodies have given interviews in recent days warning - for the first time -
Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon.
This to counter pressure from the US Congress. Shifts in Chinese policy are often announced through key think tanks and academies. Described as China's "nuclear option" in the state media, such action could trigger a dollar crash at a time when the US currency is already breaking down through historic support levels. It would also cause a spike in US bond yields, hammering the US housing market and perhaps tipping the economy into recession.
It is estimated that China holds over $900 Billion in a mix of US bonds. Xia Bin, finance chief at the Development Research Centre (which has cabinet rank), kicked off what now appears to be government policy with a comment last week that Beijing's foreign reserves should be used as a "bargaining chip" in talks with the US.
"Of course, China doesn't want any undesirable phenomenon in the global financial order," he added.He Fan, an official at the Chinese Academy of Social Sciences, went even further today, letting it be known that Beijing had the power to set off a dollar collapse if it choose to do so."China has accumulated a large sum of US dollars. Such a big sum, of which a considerable portion is in US treasury bonds, contributes a great deal to maintaining the position of the dollar as a reserve currency.
Russia, Switzerland, and several other countries have seriously reduced the their dollar holdings."China is unlikely to follow suit as long as the yuan's exchange rate is stable against the dollar. The Chinese central bank will be forced to sell dollars once the yuan appreciated dramatically, which might lead to a mass depreciation of the dollar," he told China Daily.
The threats play into the presidential electoral campaign of
Hillary Clinton(The Next US President),
has called for restrictive legislation to prevent America being "held hostage to economic decicions being made in Beijing, Shanghai, or Tokyo".
She said foreign control over 44pc of the US national debt had left America acutely vulnerable.Simon Derrick, a currency strategist at the Bank of New York Mellon, said the comments were a message to the US Senate as Capitol Hill prepares legislation for the Autumn session. "The words are alarming and unambiguous. This carries a clear political threat and could have very serious consequences at a time when the credit markets are already afraid of contagion from the subprime troubles," he said.
A bill drafted by a group of US senators, and backed by the Senate Finance Committee, calls for trade tariffs against Chinese goods as retaliation for alleged currency manipulation.The yuan has appreciated 9 percent against the dollar over the last two years under a crawling peg but it has failed to halt the rise of China's trade surplus, which reached $26.9bn in June.
Henry Paulson, the US Tresury Secretary, said any such sanctions would undermine American authority and "could trigger a global cycle of protectionist legislation".
Mr Paulson is a China expert from his days as head of Goldman Sachs. He has opted for a softer form of diplomacy, but appeared to win few concession from Beijing on a unscheduled trip to China last week aimed at calming the waters.
Monday, August 06, 2007
I thought they were our friends?
Russian and Chinese troops are joining forces this week in the first military exercises by an international organisation that is regarded in some quarters as a potential rival to Nato.
Tens of thousands of soldiers and 2500 combat vehicles will take part in “Peace Mission 2007”, organised by the Shanghai Cooperation Organisation (SCO) in the Chelyabinsk region of Russia. Russian officials have also proposed an alliance between the SCO and a body representing most of the former Soviet republics.
Untold scores of Russian and Chinese aircraft begin joint exercises tomorrow before a week of military manoeuvres from Thursday that will include Tajikistan, Kyrgyzstan and Kazakhstan. At least 6,500 troops are involved in what is described as an antiterror exercise.
Colonel-General Vladimir Moltenskoi, the deputy commander of Russian ground forces, said: “The exercise will involve practically all SCO members for the first time in its history.”
Staff officers from Uzbekistan, the sixth SCO member, will also attend in what is being regarded as a major extension of the organisation’s capabilities. The SCO was founded as a nonmilitary alliance in 2001 to combat drugs and weapons smuggling as well as terrorism and separatism in the region. It has since developed a role in regional trade and is increasingly regarded by Moscow and Beijing as a counterweight to US global influence.
The secretary-general of the Collective Security Treaty Organisation (CSTO) called last week for joint military exercises with the SCO. Nikolai Bordyuzha said that the body representing Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan should work with the SCO to guarantee security across the region. Mr Bordyuzha has already announced a CSTO plan to create a large military force capable of assisting a member state in the event of an attack. A rapid-reaction force is already based in Central Asia and there are plans for a common air defence system covering most of the former Soviet Union.
Leaders of SCO member states will meet in Bishkek, the Kyrgyz capital, next week for their annual summit. Turkmenistan will also attend for the first time, while Mongolia, Iran, India and Pakistan have observer status.
Igor Ivanov, the head of Russian security, played down concerns in May that the SCO was evolving into a military alliance to counter the expansion of Nato into Asia as part of the War on Terror. But MPs on the Foreign Affairs Select Committee expressed fears last year that the West could be on a collision course in the struggle for energy resources with “an authoritarian bloc opposed to democracy” that was based on an alliance between China and Russia.
A newly assertive Russia, flush with oil and gas revenues, is moving rapidly to increase its military capability amid tensions with the West over missile defence and Nato expansion. Almost £100 billion has been set aside for rearmament over the next eight years.
Tens of thousands of soldiers and 2500 combat vehicles will take part in “Peace Mission 2007”, organised by the Shanghai Cooperation Organisation (SCO) in the Chelyabinsk region of Russia. Russian officials have also proposed an alliance between the SCO and a body representing most of the former Soviet republics.
Untold scores of Russian and Chinese aircraft begin joint exercises tomorrow before a week of military manoeuvres from Thursday that will include Tajikistan, Kyrgyzstan and Kazakhstan. At least 6,500 troops are involved in what is described as an antiterror exercise.
Colonel-General Vladimir Moltenskoi, the deputy commander of Russian ground forces, said: “The exercise will involve practically all SCO members for the first time in its history.”
Staff officers from Uzbekistan, the sixth SCO member, will also attend in what is being regarded as a major extension of the organisation’s capabilities. The SCO was founded as a nonmilitary alliance in 2001 to combat drugs and weapons smuggling as well as terrorism and separatism in the region. It has since developed a role in regional trade and is increasingly regarded by Moscow and Beijing as a counterweight to US global influence.
The secretary-general of the Collective Security Treaty Organisation (CSTO) called last week for joint military exercises with the SCO. Nikolai Bordyuzha said that the body representing Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan should work with the SCO to guarantee security across the region. Mr Bordyuzha has already announced a CSTO plan to create a large military force capable of assisting a member state in the event of an attack. A rapid-reaction force is already based in Central Asia and there are plans for a common air defence system covering most of the former Soviet Union.
Leaders of SCO member states will meet in Bishkek, the Kyrgyz capital, next week for their annual summit. Turkmenistan will also attend for the first time, while Mongolia, Iran, India and Pakistan have observer status.
Igor Ivanov, the head of Russian security, played down concerns in May that the SCO was evolving into a military alliance to counter the expansion of Nato into Asia as part of the War on Terror. But MPs on the Foreign Affairs Select Committee expressed fears last year that the West could be on a collision course in the struggle for energy resources with “an authoritarian bloc opposed to democracy” that was based on an alliance between China and Russia.
A newly assertive Russia, flush with oil and gas revenues, is moving rapidly to increase its military capability amid tensions with the West over missile defence and Nato expansion. Almost £100 billion has been set aside for rearmament over the next eight years.
Saturday, July 28, 2007
You sank my Battleship!!!
(Vancouver, BC) -- "How close were we to seeing an armed nuclear conflict?" That is the question being asked as Syrian nationals temporarily vacated Beirut, Lebanon and the Jordan Valley during mid July according to sources close to ACG-CIS. Many security and intelligence officials believe that this behavior may have been related to the US sinking of a North Korean ship approximately 100 nautical miles from the coast of Iran.
It was not immediately clear why, around July 10, 2007, the Syrian nationals, primarily engaged in construction, trades and agricultural occupations, should have vacated Lebanon without notice. The nationals were noticed to have returned to Beirut and the Jordan Valley by July 21, 2007.
ACG-CIS is of the opinion that the approximate 10-day absence may have been in part due to a warning system alerting the nationals to the possibility of an impending military or terror strike against Israel and other western interests in the region.
According a number of news sources, officials and clerics from Syria and Iran met during this time period reportedly to draw plans and scenarios for proposed attacks and increased activity against western interests in both the Mid East region and elsewhere. Those talks ended last week with no official announcements from any of the participants.
ACG-CIS, based upon further analysis, believe that the nationals were warned of an apparent military style strike or strikes as Hezbollah was reported to be moving missiles in civilian populated areas throughout southern Lebanon. This movement along with the involvement of the Iranian president, an adamant believer in nuclear technology and development, lead to concerns about the possibility of a military style "dirty bomb" nuclear attack or a ballistic missile attack involving nuclear weapons purchased from North Korea.
It was reported earlier this month that while the North Korean 2006 test demonstrated the viability and reliability of North Korea's Scud- and Nodong-class systems, it left open the status of the three ballistic missile systems that the Korean People's Army (KPA) recently placed, or is placing, into service as testing on North Korea short-range missile systems has been quietly ongoing.
In classified reports American naval and air forces intercepted two North Korean vessels clandestinely en route for Iran with cargoes of enriched uranium and nuclear equipment in the past month. The shutdown of Pongyong's nuclear facilities has made these items surplus to North Korea's requirements and the Islamic Republic was more than willing to pay a hefty price for the goods.
On July 12, the second intercepted North Korean freighter was sunk in the Arabian Sea by torpedoes fired from a US submarine 100 miles southeast of the Iranian naval base-port of Chah Bahar. Delivery of its freight of enriched weapons-grade uranium and equipment and engines for manufacturing more fissile material including plutonium in its hold could have jump-forwarded Iran's nuclear bomb and warhead project, lopping off at least a year of work. For this Iran's rulers were ready to reportedly pay out a cool $500 million.
A few hours earlier, President Bush received an intelligence briefing on the vessel, its freight and destination. Apparently the shipment was brought forward by several weeks to evade detection by UN nuclear inspectors scheduled to visit Pyongyang this week to verify the dismantling of its nuclear facilities.
US airplanes had been tracking the freighter and picked up signs of radioactivity, indicating the presence of nuclear materials aboard.
President Bush had the option of ordering US Marines to board the vessel or to sink it. He decided on the latter - both because the North Korean freighter was approaching an area patrolled by Iranian naval units and seizure of the vessel by American marines might have provoked a clash; secondly, it was the better choice in order to avoid exposing US troops to radioactive contamination. American naval and air units in the Persian Gulf, Middle East and seas opposite North Korea were ordered to go on a high state of readiness and the torpedo the North Korean vessel was accomplished without delay.
After the attack, US warships raced to the spot where the ship went down where they picked up three lifeboats. Most of the North Korean sailors aboard were either injured or dead. Twenty in all died in the attack. They all bore symptoms of contamination. After the episode, the area was cordoned off and underwater equipment dropped to salvage the cargo from the sunken ship.
All the parties to the incident, the United States, North Korea and Iran, have kept the incident under wraps as the situation in and around the Gulf is inflammable enough to explode into a full-blown Iranian-US clash at the slightest provocation.
It was not immediately clear why, around July 10, 2007, the Syrian nationals, primarily engaged in construction, trades and agricultural occupations, should have vacated Lebanon without notice. The nationals were noticed to have returned to Beirut and the Jordan Valley by July 21, 2007.
ACG-CIS is of the opinion that the approximate 10-day absence may have been in part due to a warning system alerting the nationals to the possibility of an impending military or terror strike against Israel and other western interests in the region.
According a number of news sources, officials and clerics from Syria and Iran met during this time period reportedly to draw plans and scenarios for proposed attacks and increased activity against western interests in both the Mid East region and elsewhere. Those talks ended last week with no official announcements from any of the participants.
ACG-CIS, based upon further analysis, believe that the nationals were warned of an apparent military style strike or strikes as Hezbollah was reported to be moving missiles in civilian populated areas throughout southern Lebanon. This movement along with the involvement of the Iranian president, an adamant believer in nuclear technology and development, lead to concerns about the possibility of a military style "dirty bomb" nuclear attack or a ballistic missile attack involving nuclear weapons purchased from North Korea.
It was reported earlier this month that while the North Korean 2006 test demonstrated the viability and reliability of North Korea's Scud- and Nodong-class systems, it left open the status of the three ballistic missile systems that the Korean People's Army (KPA) recently placed, or is placing, into service as testing on North Korea short-range missile systems has been quietly ongoing.
In classified reports American naval and air forces intercepted two North Korean vessels clandestinely en route for Iran with cargoes of enriched uranium and nuclear equipment in the past month. The shutdown of Pongyong's nuclear facilities has made these items surplus to North Korea's requirements and the Islamic Republic was more than willing to pay a hefty price for the goods.
On July 12, the second intercepted North Korean freighter was sunk in the Arabian Sea by torpedoes fired from a US submarine 100 miles southeast of the Iranian naval base-port of Chah Bahar. Delivery of its freight of enriched weapons-grade uranium and equipment and engines for manufacturing more fissile material including plutonium in its hold could have jump-forwarded Iran's nuclear bomb and warhead project, lopping off at least a year of work. For this Iran's rulers were ready to reportedly pay out a cool $500 million.
A few hours earlier, President Bush received an intelligence briefing on the vessel, its freight and destination. Apparently the shipment was brought forward by several weeks to evade detection by UN nuclear inspectors scheduled to visit Pyongyang this week to verify the dismantling of its nuclear facilities.
US airplanes had been tracking the freighter and picked up signs of radioactivity, indicating the presence of nuclear materials aboard.
President Bush had the option of ordering US Marines to board the vessel or to sink it. He decided on the latter - both because the North Korean freighter was approaching an area patrolled by Iranian naval units and seizure of the vessel by American marines might have provoked a clash; secondly, it was the better choice in order to avoid exposing US troops to radioactive contamination. American naval and air units in the Persian Gulf, Middle East and seas opposite North Korea were ordered to go on a high state of readiness and the torpedo the North Korean vessel was accomplished without delay.
After the attack, US warships raced to the spot where the ship went down where they picked up three lifeboats. Most of the North Korean sailors aboard were either injured or dead. Twenty in all died in the attack. They all bore symptoms of contamination. After the episode, the area was cordoned off and underwater equipment dropped to salvage the cargo from the sunken ship.
All the parties to the incident, the United States, North Korea and Iran, have kept the incident under wraps as the situation in and around the Gulf is inflammable enough to explode into a full-blown Iranian-US clash at the slightest provocation.
Friday, July 27, 2007
Bunker Buster bombs..Iran, N. Korea, Syria, ???
U.S. Outfitting B-2 Stealth Bombers with Monster Bunker Buster Bombs
What could the Target be? Iran, N. Korea, Syria? All of these countries are pawns on a much bigger chess board.
The U.S. is retrofitting its B-2 Stealth bombers with massive bunker-buster bombs -- a move that could be a prelude to an attack on Iran and its nuclear facilities.Iran has refused to comply with international demands that it stop its nuclear weapons programs. Experts have noted that a U.S. or Israeli strike on Iran's nuclear program could be difficult due to the large number of installations -- some of which are buried deep underground in hardened bunkers.
In a recent NewsMax Magazine, Kenneth R. Timmerman's report "The Coming War with Iran: 6 Days of Hell" predicted the U.S. would outfit B-2's as a prelude to an attack on Iran. [Editor's Note: Get this special report "The Coming War with Iran: 6 Days of Hell" with our FREE offer -- Go Here Now]Apparently the U.S. has big plans for Iran.Northrop Grumman announced last week in a little noticed release that the company had begun integrating on the B-2's a new 30,000-pound-class "penetrator bomb" or bunker buster.
"The U.S. Air Force's B-2 Stealth bomber would be able to attack and destroy an expanded set of hardened, deeply buried military targets" using the monster bunker buster, the company said in its release.The company is doing the work under a seven-month, $2.5 million contract awarded June 1 by the Air Force's Aeronautical Systems Center, Wright Patterson Air Force Base, Ohio. Northrop Grumman is the Air Force's prime contractor on the B-2, the flagship of the nation's long-range strike arsenal.
The new Massive Ordnance Penetrator (MOP), which is being developed by the Boeing Co., is a GPS-guided weapon containing more than 5,300 pounds of conventional explosives inside a 20.5-foot-long enclosure of hardened steel. It is designed to penetrate dirt, rock and reinforced concrete to reach enemy bunker or tunnel installations. The B-2 is capable of carrying two MOPs, one in each weapons bay. "This integration contract is part of Northrop Grumman's on-going effort to ensure that the B-2 remains capable of delivering a decisive blow to an increasingly sophisticated enemy," said Dave Mazur, vice president of long-range strike for the company's Integrated Systems sector.
"It is the first step in helping the Air Force make this new weapon available for operational use on the B-2." According to Mazur, the Air Force is expected to make a decision later this year on whether to develop a limited operational capability for the MOP, or to proceed with a more comprehensive development program that would optimize the weapon's operational utility. The current contract will focus on adapting the B-2's weapon bay fixtures to accommodate the new weapon.
What could the Target be? Iran, N. Korea, Syria? All of these countries are pawns on a much bigger chess board.
The U.S. is retrofitting its B-2 Stealth bombers with massive bunker-buster bombs -- a move that could be a prelude to an attack on Iran and its nuclear facilities.Iran has refused to comply with international demands that it stop its nuclear weapons programs. Experts have noted that a U.S. or Israeli strike on Iran's nuclear program could be difficult due to the large number of installations -- some of which are buried deep underground in hardened bunkers.
In a recent NewsMax Magazine, Kenneth R. Timmerman's report "The Coming War with Iran: 6 Days of Hell" predicted the U.S. would outfit B-2's as a prelude to an attack on Iran. [Editor's Note: Get this special report "The Coming War with Iran: 6 Days of Hell" with our FREE offer -- Go Here Now]Apparently the U.S. has big plans for Iran.Northrop Grumman announced last week in a little noticed release that the company had begun integrating on the B-2's a new 30,000-pound-class "penetrator bomb" or bunker buster.
"The U.S. Air Force's B-2 Stealth bomber would be able to attack and destroy an expanded set of hardened, deeply buried military targets" using the monster bunker buster, the company said in its release.The company is doing the work under a seven-month, $2.5 million contract awarded June 1 by the Air Force's Aeronautical Systems Center, Wright Patterson Air Force Base, Ohio. Northrop Grumman is the Air Force's prime contractor on the B-2, the flagship of the nation's long-range strike arsenal.
The new Massive Ordnance Penetrator (MOP), which is being developed by the Boeing Co., is a GPS-guided weapon containing more than 5,300 pounds of conventional explosives inside a 20.5-foot-long enclosure of hardened steel. It is designed to penetrate dirt, rock and reinforced concrete to reach enemy bunker or tunnel installations. The B-2 is capable of carrying two MOPs, one in each weapons bay. "This integration contract is part of Northrop Grumman's on-going effort to ensure that the B-2 remains capable of delivering a decisive blow to an increasingly sophisticated enemy," said Dave Mazur, vice president of long-range strike for the company's Integrated Systems sector.
"It is the first step in helping the Air Force make this new weapon available for operational use on the B-2." According to Mazur, the Air Force is expected to make a decision later this year on whether to develop a limited operational capability for the MOP, or to proceed with a more comprehensive development program that would optimize the weapon's operational utility. The current contract will focus on adapting the B-2's weapon bay fixtures to accommodate the new weapon.
Saturday, July 21, 2007
The North American Union.....
The Powers That Be…. Have long ago decided for the citizens of Canada, Untied States, and Mexico that to compete in a global economy what is necessary is an economic, military, and social tribunal of Nations to be known as:
The North American Union. The monetary unit of The North American Union is to be the ‘Amero.’
You might ask how in the world they plan to pull this off? It’s very easy….The United States, thanks to the traitor Franklin D. Roosevelt, with the birth of the FED, became a debt-based monetary system. The shackles of Economic slavery upon the United States are in the form of a debt which there can never be enough money to repay both the principal and pay interest unless debt is continually expanded.
So, the more we borrow, the more we owe. The more we owe, the more we borrow… add nausea. This becomes an ever widening economic pit by which we dig ourselves further and further into debt.
Debt-based monetary systems do not work in reverse, nor can they stand still without a liquidity buffer in the form of savings or a current account surplus. Something which ‘Junior ’ or ‘W’ as his friends call him has made sure that due to the Iraq war the United States no longer has the ability to sustain itself as a viable economic entity.
As a matter of record, as of August 1st 2007 the Iraq war debt has reached 400 billion US dollars. The President of the United States or ‘W’ as his friends call him, has bankrupted the United States with an unmanageable, un-repayable, war debt of over 400 BILLION that BILLION with a B, US dollars. This does not even take into account the interest on a debt of 400 Billion. The finial debt with interest could exceed 5 TRILLION dollars. That’s not even taking into account the 1.5 - 3 TRILLION annually we are incurring aside from the Iraq war debt.
Let’s examine just how much debt the United States is incurring presently. According to the most recent Flow of Funds report from the Federal Reserve, total credit market debt (TCMD) expanded by $799 billion in the third quarter of 2005. At this rate, debt growth for a single year is $3 trillion, or 50% greater than total US industrial production. Since 1987, the year Alan Greenspan became chairman of the Federal Reserve Board, TCMD has more than tripled, from $13 trillion to $40 trillion, and now accounts for well over 300% of GDP. This debt growth is without precedent by any relative or absolute measure, evidence that the US has experienced a debt bubble.
Traditionally, savings finance debt. As the US savings rate has been anemic for years, many establishment economists, Ben Benanke among them, have claimed that US debt growth is supported by the inflow of surplus savings from abroad-the global savings glut thesis. Net purchases of US debt by foreign interests, though, are less than $1 trillion per year, far short of annual debt growth of $3 trillion. Some commentators are quick to point a finger at the Fed; it's printing money they say. This too misses the mark. As of 9 December, Fed credit was up just 3.8% YoY and the combined balance sheet of the 12 Federal Reserve Banks is barely $1 trillion.
The pump for the epic American debt bubble is neither foreign savings nor the Fed. For the $27 trillion of debt created during his tenure, Alan Greenspan can thank the private sector and the government-sponsored enterprises (GSEs). The Fed may be negligent for loosing control of the credit system, but it is not directly responsible for what has occurred since. The GSE's combined book of business, for instance, dwarfs the Fed balance sheet at nearly $3 trillion. Anchored by the money center banks, a vast constellation of financial entities, including mortgage lenders, consumer credit firms, and the financial arms of industrial enterprises, has blossomed to do with a vengeance what the Fed itself would not; create a seemingly unlimited quantity of debt out of thin air through loan origination.
Debt is self-liquidating when used to generate future income, from which interest is serviced and principal repaid. Used for any other purpose, it is non-self-liquidating and results in payment obligations with no countervailing source of income. Of the $3 trillion in debt created this year, households used about 50% for mortgages and consumer loans, governments 25%, and companies 25%. Only companies incur self-liquidating debt, so at least 75%, or $2.25 trillion, of the debt has produced a future burden rather than an income stream. Companies, though, are no white knights. They have mostly used their $750 billion of the debt pie for purposes other than capital investment, namely to cover unfunded liabilities and buyback shares they liberally printed to reward management in the first place. The US is, thus, at or close to a situation whereby the percentage of debt financed by domestic savings is zero and the percentage of non-self-liquating debt is one hundred.
A debt-based monetary system has a lifespan-limiting Achilles heel: as debt is created through loan origination, an obligation above and beyond this sum is also created in the form of interest. As a result, there can never be enough money to repay principal and pay interest unless debt is continually expanded. Debt-based monetary systems do not work in reverse, nor can they stand still without a liquidity buffer in the form of savings or a current account surplus.
When debt grows faster than the economy, the burden of interest is bearable only so long as the rate of interest is falling. When the rate of interest reverses course, interest charges start rising faster than debt growth. This point was reached on 16 June 2003, the day the yield on the benchmark 10-year Treasury bottomed at 3.09%. Since then, debt grew from $32 trillion to $40 trillion, an increase of 25%. During the same period, annual interest charges rose by over 50%, from $1.28 trillion ($32 trillion at the prevailing average interest rate for debtors of 4%) to $2.0 trillion ($40 trillion at 5%). When interest charges exceed debt growth, debtors at the margin are unable to service their debt. They must begin liquidating.
Dipping into savings or running a current account surplus can offset liquidation for a time. The greater the pool of savings and the current account surplus, the longer an economy can endure liquidation at the margin without experiencing cascading cross-defaults. The US in the early 1930s and Japan in the early 1990s had such a liquidity buffer. In both cases, mobilizing domestic savings to increase government debt reversed the decline in total debt outstanding in two to three years and interest rates stayed low because savings financed the new debt. As a result, interest charges no longer exceeded debt growth and the need for marginal debtors to liquidate disappeared.
The US is now in a fundamentally different position than it was in 1930 or Japan was in 1990. Aside from a dearth of domestic savings, its vulnerability is compounded by a current account deficit. There is no buffer and no margin for error. Thus, when interest charges, now $2 trillion per year and accelerating, overtake annual debt growth, now $3 trillion and decelerating, liquidation will immediately trigger cascading cross-defaults. Without domestic savings to mobilize, the Fed cannot facilitate the expansion of government debt to fill the breach and simultaneously hold down interest rates. It cannot win the battle to keep debt growth greater than interest charges, the precondition for the viability of a debt-based monetary system. Once started, cascading cross-defaults consume all debt within an economy.
This leaves the Slave Masters…the Fed with only one option…. Listen closely…Put your ear to the monitor…are you ready……here it is….
“Institute a new monetary system with a new currency.”
“Ta….da!” It’s magic! Now you see it…Now you don’t! Apple sauce… Apple Sauce…Thank you…thank you very much.
I am afraid ‘W; has left the building!
I will end where I began….
The tribunal of once sovereign nations will now be known as The North American Union.
The monetary unit of The North American Union is to be the ‘Amero.’
Legal Disclaimer: The North American Union is not affiliated in any way with the former United States of America. All monetary claims on or due the United States of America should be forwarded to the following address(Which no longer exists):
‘You Got Screwed’
1700 Pennsylvania Ave.
Washington D.C.
USA
The North American Union. The monetary unit of The North American Union is to be the ‘Amero.’
You might ask how in the world they plan to pull this off? It’s very easy….The United States, thanks to the traitor Franklin D. Roosevelt, with the birth of the FED, became a debt-based monetary system. The shackles of Economic slavery upon the United States are in the form of a debt which there can never be enough money to repay both the principal and pay interest unless debt is continually expanded.
So, the more we borrow, the more we owe. The more we owe, the more we borrow… add nausea. This becomes an ever widening economic pit by which we dig ourselves further and further into debt.
Debt-based monetary systems do not work in reverse, nor can they stand still without a liquidity buffer in the form of savings or a current account surplus. Something which ‘Junior ’ or ‘W’ as his friends call him has made sure that due to the Iraq war the United States no longer has the ability to sustain itself as a viable economic entity.
As a matter of record, as of August 1st 2007 the Iraq war debt has reached 400 billion US dollars. The President of the United States or ‘W’ as his friends call him, has bankrupted the United States with an unmanageable, un-repayable, war debt of over 400 BILLION that BILLION with a B, US dollars. This does not even take into account the interest on a debt of 400 Billion. The finial debt with interest could exceed 5 TRILLION dollars. That’s not even taking into account the 1.5 - 3 TRILLION annually we are incurring aside from the Iraq war debt.
Let’s examine just how much debt the United States is incurring presently. According to the most recent Flow of Funds report from the Federal Reserve, total credit market debt (TCMD) expanded by $799 billion in the third quarter of 2005. At this rate, debt growth for a single year is $3 trillion, or 50% greater than total US industrial production. Since 1987, the year Alan Greenspan became chairman of the Federal Reserve Board, TCMD has more than tripled, from $13 trillion to $40 trillion, and now accounts for well over 300% of GDP. This debt growth is without precedent by any relative or absolute measure, evidence that the US has experienced a debt bubble.
Traditionally, savings finance debt. As the US savings rate has been anemic for years, many establishment economists, Ben Benanke among them, have claimed that US debt growth is supported by the inflow of surplus savings from abroad-the global savings glut thesis. Net purchases of US debt by foreign interests, though, are less than $1 trillion per year, far short of annual debt growth of $3 trillion. Some commentators are quick to point a finger at the Fed; it's printing money they say. This too misses the mark. As of 9 December, Fed credit was up just 3.8% YoY and the combined balance sheet of the 12 Federal Reserve Banks is barely $1 trillion.
The pump for the epic American debt bubble is neither foreign savings nor the Fed. For the $27 trillion of debt created during his tenure, Alan Greenspan can thank the private sector and the government-sponsored enterprises (GSEs). The Fed may be negligent for loosing control of the credit system, but it is not directly responsible for what has occurred since. The GSE's combined book of business, for instance, dwarfs the Fed balance sheet at nearly $3 trillion. Anchored by the money center banks, a vast constellation of financial entities, including mortgage lenders, consumer credit firms, and the financial arms of industrial enterprises, has blossomed to do with a vengeance what the Fed itself would not; create a seemingly unlimited quantity of debt out of thin air through loan origination.
Debt is self-liquidating when used to generate future income, from which interest is serviced and principal repaid. Used for any other purpose, it is non-self-liquidating and results in payment obligations with no countervailing source of income. Of the $3 trillion in debt created this year, households used about 50% for mortgages and consumer loans, governments 25%, and companies 25%. Only companies incur self-liquidating debt, so at least 75%, or $2.25 trillion, of the debt has produced a future burden rather than an income stream. Companies, though, are no white knights. They have mostly used their $750 billion of the debt pie for purposes other than capital investment, namely to cover unfunded liabilities and buyback shares they liberally printed to reward management in the first place. The US is, thus, at or close to a situation whereby the percentage of debt financed by domestic savings is zero and the percentage of non-self-liquating debt is one hundred.
A debt-based monetary system has a lifespan-limiting Achilles heel: as debt is created through loan origination, an obligation above and beyond this sum is also created in the form of interest. As a result, there can never be enough money to repay principal and pay interest unless debt is continually expanded. Debt-based monetary systems do not work in reverse, nor can they stand still without a liquidity buffer in the form of savings or a current account surplus.
When debt grows faster than the economy, the burden of interest is bearable only so long as the rate of interest is falling. When the rate of interest reverses course, interest charges start rising faster than debt growth. This point was reached on 16 June 2003, the day the yield on the benchmark 10-year Treasury bottomed at 3.09%. Since then, debt grew from $32 trillion to $40 trillion, an increase of 25%. During the same period, annual interest charges rose by over 50%, from $1.28 trillion ($32 trillion at the prevailing average interest rate for debtors of 4%) to $2.0 trillion ($40 trillion at 5%). When interest charges exceed debt growth, debtors at the margin are unable to service their debt. They must begin liquidating.
Dipping into savings or running a current account surplus can offset liquidation for a time. The greater the pool of savings and the current account surplus, the longer an economy can endure liquidation at the margin without experiencing cascading cross-defaults. The US in the early 1930s and Japan in the early 1990s had such a liquidity buffer. In both cases, mobilizing domestic savings to increase government debt reversed the decline in total debt outstanding in two to three years and interest rates stayed low because savings financed the new debt. As a result, interest charges no longer exceeded debt growth and the need for marginal debtors to liquidate disappeared.
The US is now in a fundamentally different position than it was in 1930 or Japan was in 1990. Aside from a dearth of domestic savings, its vulnerability is compounded by a current account deficit. There is no buffer and no margin for error. Thus, when interest charges, now $2 trillion per year and accelerating, overtake annual debt growth, now $3 trillion and decelerating, liquidation will immediately trigger cascading cross-defaults. Without domestic savings to mobilize, the Fed cannot facilitate the expansion of government debt to fill the breach and simultaneously hold down interest rates. It cannot win the battle to keep debt growth greater than interest charges, the precondition for the viability of a debt-based monetary system. Once started, cascading cross-defaults consume all debt within an economy.
This leaves the Slave Masters…the Fed with only one option…. Listen closely…Put your ear to the monitor…are you ready……here it is….
“Institute a new monetary system with a new currency.”
“Ta….da!” It’s magic! Now you see it…Now you don’t! Apple sauce… Apple Sauce…Thank you…thank you very much.
I am afraid ‘W; has left the building!
I will end where I began….
The tribunal of once sovereign nations will now be known as The North American Union.
The monetary unit of The North American Union is to be the ‘Amero.’
Legal Disclaimer: The North American Union is not affiliated in any way with the former United States of America. All monetary claims on or due the United States of America should be forwarded to the following address(Which no longer exists):
‘You Got Screwed’
1700 Pennsylvania Ave.
Washington D.C.
USA
RUSSIA TESTING BRIT RESPONSE?
During the Cold War NATO had to maintain High Alert interceptor capabilities on short notice to stop Soviet Long Range Nuclear bombers from turning most of Western Europe into a radioactive waste land.
This sort of activity has not been seen in years. Increasingly, Russia is placing the UK and her Allies on pins and needles. Those Western powers which have signed a non-aggression pact with the new Russia have not had the same instances of air space violation as those who choose to forgo the signing of the 2004 Russian non aggression pact. It might be instructive to remind President Bush and the new UK Prime Minister Gordon Brown that the new Russian federation is far stronger then ever was the former Soviet Union!
Norwegian military spokesman Lt. Col. John Inge Oeglaend said his country's F-16s were sent into action multiple times over the last few weeks. Most recently when two Russian Tu-95 heavy bombers headed south towards the Norwegian coast deep into international air space. They turned around just above Aberdeen on Scotland's North Sea coast only two minutes from invading UK airspace.
In another bold face attempt to test UK air space defenses, two Tu-160 long range nuclear equipped bombers were spotted flying straight at Norwegian air space over the Barents Sea.
Oeglaend characterized the incidents as troubling. trying to down play the seriousness of these repeated military incursions the Norwegian head of Air Defense said that these incidents were highly unusual. Especially, when you consider that the first two bombers went so deep into our southern population centers." Aberdeen's latitude is about 50 miles below the southern tip of Norway where close to two million Norwegians live and work in Norway’s major cities.
Russian Air Force spokesman Col. Alexander Drobyshevsky said British and Norwegian planes approaching bombers on training flights were a "normal occurrence. That the Western powers should get used to a world where Russia is taking a more open approach to it’s position as ‘THE’ world’s leader. "
A spokesman for Britain's Royal Air Force said he had no immediate response on the air space incursions. British media has repeatedly reported that RAF planes have been scrambled to stop incoming Russian bombers, this as recently as Tuesday.
What is sobering is there only has to be one slip by the British RAF or Norwegian Air Defense. The advancement of Russian military power in the last 5 years means with only two Russian Tu-95 heavy bombers they have enough Nuclear warheads to wipe out every major cities in both countries. One must keep in mind that the Russians have over 250 Russian Tu-95 heavy bombers. This is not counting their medium range bomber, their mobile Ballistic missiles, their nuclear equipped submarine fleet, their surface Naval fleet which is reported to possesses more nuclear warheads then the Russian army has in it’s entire arsenal, and what you have is a recipe for disaster. Should Vladimir Putin at any time wish to end Western interference in Russian affairs he could do so with very little effort or losses.
Ratcheting up tensions between the West and Russia Britain on Monday ordered four diplomats to leave as punishment for Russia's refusal to extradite the man named by Britain as the chief suspect in last year's killing in London of ex-Russian security officer-turned-Kremlin critic Alexander Litvinenko.
This sort of activity has not been seen in years. Increasingly, Russia is placing the UK and her Allies on pins and needles. Those Western powers which have signed a non-aggression pact with the new Russia have not had the same instances of air space violation as those who choose to forgo the signing of the 2004 Russian non aggression pact. It might be instructive to remind President Bush and the new UK Prime Minister Gordon Brown that the new Russian federation is far stronger then ever was the former Soviet Union!
Norwegian military spokesman Lt. Col. John Inge Oeglaend said his country's F-16s were sent into action multiple times over the last few weeks. Most recently when two Russian Tu-95 heavy bombers headed south towards the Norwegian coast deep into international air space. They turned around just above Aberdeen on Scotland's North Sea coast only two minutes from invading UK airspace.
In another bold face attempt to test UK air space defenses, two Tu-160 long range nuclear equipped bombers were spotted flying straight at Norwegian air space over the Barents Sea.
Oeglaend characterized the incidents as troubling. trying to down play the seriousness of these repeated military incursions the Norwegian head of Air Defense said that these incidents were highly unusual. Especially, when you consider that the first two bombers went so deep into our southern population centers." Aberdeen's latitude is about 50 miles below the southern tip of Norway where close to two million Norwegians live and work in Norway’s major cities.
Russian Air Force spokesman Col. Alexander Drobyshevsky said British and Norwegian planes approaching bombers on training flights were a "normal occurrence. That the Western powers should get used to a world where Russia is taking a more open approach to it’s position as ‘THE’ world’s leader. "
A spokesman for Britain's Royal Air Force said he had no immediate response on the air space incursions. British media has repeatedly reported that RAF planes have been scrambled to stop incoming Russian bombers, this as recently as Tuesday.
What is sobering is there only has to be one slip by the British RAF or Norwegian Air Defense. The advancement of Russian military power in the last 5 years means with only two Russian Tu-95 heavy bombers they have enough Nuclear warheads to wipe out every major cities in both countries. One must keep in mind that the Russians have over 250 Russian Tu-95 heavy bombers. This is not counting their medium range bomber, their mobile Ballistic missiles, their nuclear equipped submarine fleet, their surface Naval fleet which is reported to possesses more nuclear warheads then the Russian army has in it’s entire arsenal, and what you have is a recipe for disaster. Should Vladimir Putin at any time wish to end Western interference in Russian affairs he could do so with very little effort or losses.
Ratcheting up tensions between the West and Russia Britain on Monday ordered four diplomats to leave as punishment for Russia's refusal to extradite the man named by Britain as the chief suspect in last year's killing in London of ex-Russian security officer-turned-Kremlin critic Alexander Litvinenko.
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