To Hell In A Hand Basket!

[sometimeman]

No but, I want to.
Post a link Please

[sometimeman]

THE COLLAPSE OF THE US DOLLAR
Imagine being sent forward in time from 1967 to 2007. Instead of gas costing 25 cents a gallon, it's $2.50. A decent home, intead of costing $15,000, costs $250,000 or more. Imagine your shock that the average American family owes $9000 on their credit cards. Imagine entering a society where less than 2% of the cars on the road are owned by those that drive them, and less than 1% of the homes are owned by the people who live in them. Welcome to the debt based slave state of America in 2007. It is all symbolic of how the globalists have America right where they want it, and are eager to finish it off. As the dollar continues losing strength, what will this mean to the world? Many will be deceived into believing that the economy is recovering; and then they will suddenly wake up to find their money worthless. As with the Argentina currency collapse a few years ago, so will the American dollar collapse likewise. However, the collapse of the US dollar is going to have much greater impact on the global economy and international political landscape than the collapse of the Argentinean peso ever did. The collapse of the dollar will reduce America to third world status, and it's people to a chaos they are woefully unprepared to face. It will be a period of tremendous hardship and economic deprivation. It will be a time of great tribulation.


With our money being worthless, there will no longer be the ability to import fossil fuels. The gas lines of the 70's will seem like a pleasant dream compared to what this would be like. Also, this will have a devastating effect upon the agriculture and transportation sectors. The transportation system will not be able to distribute food without gas or diesel. Industry will largely grind to a halt. No longer will the economy be able to function. It will be the end of the American global empire. As with the fall of the Roman Empire, America would be forced out of economic necessity to close its military bases around the world. There would be no money for government services, education, pensions, health care, security, etc. Society would quickly slip into lawless anarchy. The Homeland Security people would have their hands full, to say the least.

Yet even as the dollar slides downwards towards collapse, many refuse to believe that it is possible for something like this to happen today. After all, we live in an age when Governments and their Reserve Banks can support the value of currencies through intervention right? Various economists, speaking on behalf of the Federal Reserve, make soothing noises that there is nothing to worry about the dollar falling. They claim that this is going to assist American exporters, ignoring that the costs of imports will rise even more; and that the trade and current account deficits will continue to deteriorate. Some claim that while there have been collapses in the past surely this would not happen today. Sadly, the reality is that not only could this happen today, but it will happen much faster than at anytime in history. Modern communications enable billions of dollars can be switched from one currency to another at a click of a mouse today, when in the past it took weeks for speculators to switch from one currency to another. Never has been a time when currencies have been more vulnerable for speculation on their values.

The US Government is in a bind. If they lift interest rates to try and support the dollar, it will increase the size of the US budget deficit, plus the likelihood that the economy would go into a tailspin. The level of personal and corporate debt in the USA is now so high, that a sudden increase in interest rates would likely bring about an economic collapse. Either way, America is in deep trouble. What we could experience is a run on the US dollar, until it becomes completely worthless. There have been collapses of currencies throughout history. A recent example has been the collapse of the German Mark in 1923. At that time, the German economy was saddled in massive external debts, plus was being forced to repay war reparations. America is in a similar position today, as the world’s largest debtor nation. Let’s have a look to what happened to the German currency in the 1920’s. At the outbreak of WWI, the German Mark was going for 4.20 to the dollar, at the end of the war, the mark was 4.80 to one US dollar, at the end of 1919, it was 42 marks to the dollar. By Dec 1923 it had fallen to 4.2 trillion marks to one dollar.


The German people suffered severely during this time, and it set the stage for the rise of Hitler to power. What took 3 years to lead up to the collapse of the German economy would only take 3 weeks today, with the speed money is able to be transferred from one country to another. The collapse of the US dollar would remove America as a global power. There is now a shift of the balance of power from North America to Europe. THIS IS ALL BY DESIGN! The international bankers who control the US and global economy want America to collapse, in order to get the American people to accept a global currency. The Asian economies will also be severely affected by the collapse of the American dollar. Not only do these economies depend upon the US market for revenue from much of their exports, but they also hold substantial reserves in US dollars. The Chinese and Japanese banking systems would collapse, their dollar holding evaporating, and the high debt levels of Chinese corporations will cause a massive wave of bankruptcies.

The Euro will become the preferred currency of choice around the world, providing the Europeans with even greater political influence than the US has today. Behind all of this, the European based international bankers will further consolidate their power by creating a United States of Europe. The crises of the collapse of the US dollar will help speed up the creation of a United States of Europe defense force. Europe will emerge from the economic chaos that will erupt across the world as the dominating economic power bloc. Germany, as the engine economy in Europe, and the largest nation, will be in the drivers seat for the direction this new Europe goes in. Meanwhile, the nations of North America will be asked to repay their massive external debts. Having sold off much of their silver and gold, the creditors will look at other means of recovering the money they have advanced.

America would be held in economic bondage to these international money lenders, even more than they are now. They are going to demand total control of our economy, reducing our people to slaves, where we will be held in economic bondage.



WHAT MONEY LOOKED LIKE WHEN IT WAS STILL BACKED BY SOMETHING

Already, America is despised around the world not only because of the Iraq situation, but also because America is generally seen as a nation that has been greatly blessed, but, partly because of the filth that Hollywood exports around the world, is seen as an incredibly arrogant, and undeserving superpower. This has left America with few friends that would come to it's financial rescue when the chips are down. God is allowing America to be humiliated and defeated for rejecting His Law, for trusting in wealth instead of trusting in God. Our leaders have for the most part rejected the Constitution, and have allowed this once great nation to be ruined by enslaving us to a group of international bankers, in direct opposition to what the Constitution states.

We are apparently now in the final countdown towards the greatest economic meltdown in history. Yet few appear to be aware of what lies ahead. We are about to witness the end of the America that we were blessed with, and enter a worldwide age of tribulation and chaos that no one has experienced in living memory.

[sometimeman]

The Panic Starts
By Jim Sinclair
1-18-8


There is no doubt the Fed and the PPT [Plunge Protection Team] are meeting right now. A drop of over 300 points on the Dow after the Chairman of the Federal Reserve speaks publicly presages a 1000 point break in the Dow Jones Industrial Average coming quite quickly, if not tomorrow.

Unless the equity markets can be calmed, a panic is about to happen, making the statement "This is it" a horrible reality.

If the equity markets cannot be calmed then:

Recognize this is the Formula happening like everything else much sooner and much bigger in its implications than anticipated. Gold will rise to $1650 as an almost immediate effect of what will be done to attempt to fend off a total panic starting to take place in general equities, therein threatening to be followed by all credit markets of all kinds. The funds and hotshot short term traders in gold shares will be killed by the upward explosion of the gold price about to occur.

The PPT and the Fed will step out of gold's way because gold is one of the tools used in 1930 by Roosevelt and in 2000 by Bush. It will be used again now on the upside. Gold is the only insurance there is against what all this means because a panic in equities will blow the financial system, already coming apart, to smithereens. All country funds would shut down on any further investments in "at the wall" financial institutions. The rollover in credit and default derivatives would exceed the entire foreign debt of the USA. The rest of the $450 trillion dollar mountain of derivatives would start a disintegration like nothing you have every seen in your lifetime.

Consumer demand would slam shut. The auto industry might as well go into liquidation this coming Monday, avoiding the June 2008 rush. The US dollar would burn a hole in the floor going directly to .5200 or lower. As the dollar disintegrates gold would rocket to and through $1650 in days. The markets for general equities would all have to institute total trading halts every 100 points on the downside for 30 minutes each. All commercial call loans would be called. All debtors one day late on any payment, lacking grace period, would be liquidated. All debtors over one day of the grace period would be liquidated. It is clearly visible to anyone with eyes or a mind to think that the PPT has lost all semblance of control in the equity markets and will soon in all remaining markets. The commercial paper credit market which is almost dead will die totally. Should no emergency action take place soon, you will see an old fashioned panic of the 1929 variety. Just as emotional fools sell gold and gold shares, be assured that more emotional general equity fools will unload and bring the averages down more than ever in history in one day.

Recognize this is the Formula happening like everything else much sooner and much bigger in its implications than anticipated. Emergency action will be all splash and theatrics but truthfully the cat is out of the bag. It buys some time but corrects nothing. It makes the Formula 100% correct. There now must be EMERGENCY ACTION because the Chairman of the Fed has BOMBED OUT PUBLICLY and a PANIC is about to occur. Expect EMERGENCY ACTION in days, not weeks.

If you have not protected yourself, you may only have days to do so now.

[sometimeman]

www.opednews.com/maxwrite/print_friendly.php?p=opedne_warren_p_080115_the_internet_must_di.htm

January 15, 2008

The Internet must die

By Warren Pease





"I hear there's rumors on the Internets that we're going to have a draft." — George W. Bush, contemplating his next cold Lone Star, October 8, 2004, St. Louis, Mo

You know that you've reached desperate times when you find yourself fondly remembering Tass and Pravda as beacons of journalistic integrity.

But when considering US corporate media's seven-year love affair with the Bush administration and its willingness to deliver blatant propaganda and outright lies to manufacture Bush-approved political orthodoxy, those former USSR institutions compare favorably with the shameless house organs now masquerading as an American free press.

The Internet's corporate competition: co-opted beyond redemption

Thanks to a 30-year frenzy of mergers and acquisitions, wink-and-nod FCC "oversight" and congressional unwillingness to invoke existing anti-trust laws, the American marketplace of ideas is now ruled by six massive conglomerates that control the content of more than 80 percent of what most of us see, hear and read.

[sometimeman]

World chokes on bad spell on Wall St
The recent meltdown in global stock markets is the first truly global financial crisis since the word "globalization" became widely used.
Posted Feb 3, 2008 01:38 PM PST
Category: ECONOMY
atimes.com/atimes/Global_Economy/JB01Dj03.html

[sometimeman]

Legendary Funds Manager Julian Robertson Predicts Utter Global Collapse Stemming From Bursting of Property Bubble
Posted by the analyst under Economies, Financial Markets


In a recent interview on CNBC with Ron Insana, one of the “old-timer”funds manager, Julian Robertson, predicted “utter global collapse” as a consequence of the bursting of the world-wide property bubble.

Often called “Never Been Wrong Robertson”, the former head of Tiger Management (once the largest hedge fund in the world), is extremely worried about the speculative bubble in real estate.

Specifically, he is very worried about a world that is sustained by American consumer spending which is in turn 1/4 sustained by a property bubble. He predicts that 20 million people could lose their homes once the property bubble bursts.

Even more worrisome, he thinks central banks around the globe out of desperation will try to re-inflate the world economy with more liquidity that will create an inflationary spiral unseen in the economic history of mankind. “Where does it end?”, Insana asked Robertson. “Utter global collapse,” he answered. But not just economic collapse … collapse of epic proportions. Collapse and disintegration of all infrastructure, including government. Inflation will run into the double and triple digits. “Food production will fall. People will be carrying around U.S .

dollars in wheelbarrows like Germany,” he said.

There will be “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.”

“The American consumer is effectively now supporting the rest of the planet,” he continued. “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 exists in virtually every nation state on the planet now.”

And for much of this “doom”, interestingly, he blames the Bush-Cheney “regime”. “They have now consolidated power and money on the planet to the maximum extent possible. The planet’s net liquidity, that is its, net free cash flow. Is now a negative number. The planet is not simply sinking into a sea of red ink; it is already sunk. The people just don’t realize it yet,” he said.

According to Robertson, “the Bush-Cheney regime is preparing the nation for transition from democracy into dictatorship because a dictatorship 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.”

In 10 years time, whoever is left will be effectively starting again, he said. “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 from 1980 to 1992, and then from 2001 to present, which has effectively destroyed the economic liquidity of the planet,”

he said.

Robertson ended the interview by saying that he hopes he is not alive to see this. “The lucky ones are the ones who are my age now,” he said.

64.233.187.99/search?q=cache:poH5MG1eicgJ:cvbtheanalyst.wordpress.com/2008/01/11/legendary-funds-manager-julian-robertson-predicts-utter-global-collapse-stemming-from-bursting-of-property-bubble/+http://cvbtheanalyst.wordpress.com/2008/01/11/legendary-funds-manager-julian-robertson-predicts-utter-global-collapse-stemming-from-bursting-of-property-bubble/&hl=en&ct=clnk&cd=1

[sometimeman]

Confidential Doc Warns Of
Conflict Or Revolution For US
Wayne Madsen Report
4-3-8


WMR has learned from knowledgeable sources within the US financial community that an alarming confidential and limited distribution document is circulating among senior members of Congress and their senior staff members that is warning of a bleak future for the United States if it does not quickly get its financial house in order. House Speaker Nancy Pelosi is among those who have reportedly read the document.

The document is being called the "C & R" document because it reportedly states that if the United States defaults on loans and debt underwriting from China, Japan, and Russia, all of which are propping up the United States government financially, and the United States unilaterally cancels the debts, America can expect a war that will have disastrous results for the United States and the world. "Conflict" is the "C word" in the document.

The other scenario is that the federal government will be forced to drastically raise taxes in order to pay off debts to foreign countries to the point that the American people will react with a popular revolution against the government. "Revolution" is the document's "R word."

The origin of the document is not known, however, its alarming content matches up with previous warnings from former Comptroller General David Walker who abruptly resigned as head of the Government Accountability Office (GAO) in February of this year after repeatedly publicly warning of a "financial meltdown" disaster if America's $9 trillion debt was not addressed quickly. Financial experts have warned that the national debt, corrected for inflation, could reach $46 trillion in the next 20 years. A month earlier, Walker warned the Senate Banking Committee about the reaction of creditor nations in Asia and Europe if the U.S. did not address its debt problem.

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