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In the US, and necessarily the world … “Economic Meltdown: The Final Phase”

July 20, 2010

For a while Malaysian politics have reached a point where it would be best one takes a hiatus from all the mumbo jumbos that have been spewed in every available media to preserve some sense of sanity.

That’s the position this blogger has taken since a little over a year ago and has concentrated on highlighting issues, emerging mainly from the US, that have literally brought the world down to its knees. The Obama’s administration has a great deal to do with this sorry state of affairs and final descent to bankruptcy, enslavement, chaos and fascism.

Obama’s battlecry “Change We Can Believe In” during his presidential campaign trail that finally got him into the White House has turned out, whether one has woken up to the fact or not, to be an utter sham. For all that he had promised and quacked about, he has delivered nothing to the American people except for changes that serve his political masters and corporate cabals’ unbridled greed. Thereby changing (yes he did) the lives of a vast majority of Americans for the worse. Where jobs, homes, pension funds and social securities are lost senselessly. Where everywhere one looks there’s only gloom and doom.

Closer to home we have one man, whose ambition is to get to the highest office in Putrajaya at all cost, that eerily echoes the kind of chicanery that has become the hallmark of Obama.

For me, the promise “A New Dawn for Malaysia” is an exact carbon copy of Obama’s rhetorics and persuasions “Change We Can Believe In.” I would like to ask this man now: “A New Dawn for Malaysia” for whom, really? Is it for the hopeful Malaysian rakyat at large, who have been romanced with and are drunk with the idea of a better future, come what may as long as BN has no part in it, or, is it for the missed-opportunities that you want to make good for yourself and your lackeys? The “new dawn” is for you to have your second bite at the cherry to rape, plunder and sell-out the country, isn’t it? Fat hopes.

From where I stand now and looking towards your direction and deciphering the antics that you have been conjuring up all this while (beginning with the empty hollow of ‘September 16’ in 2008) I will say this straight to your face. Your “dawn” has now become a yawn, at least for me, induced by the descending darkness of the night like a curtain-fall that’s gradually obliterating your political hope to be the country’s No.1. Goodbye and good riddance, Anwar Ibrahim! You are just another Obama. A sham and evil deceptor.

How I have digressed … but I have this load to get off my chest.

Back to the article I would like to draw your attention to, which is well-researched and written and most relevant during this uncertain time, you can click the link here to read the story or just continue on …

Never for one moment think what happens in the US will not affect us. Everything is connected. Ignore Giordano Bruno’s revelation at your own risk. Even he has said it himself, or words to similar effect, that the situation has gone so rotten that this may well be his last piece at economic meltdown reporting.

Economic Meltdown: The Final Phase

By Giordano Bruno
Neithercorp Press – 07/18/2010

In the financial life of every culture built upon faulty monetary policy, there are points at which the thin thread of economic faith; the thread that ties the entire failing system together, the thread made tangible by the hopes (and sometimes ignorance) of the general populace, finally snaps. From Ancient Rome, to Weimar Germany, to Argentina, to modern day America, no society fueled by unsustainable debt and fiat inflation can duck the ‘Fiscal Reaper’ for very long. The U.S. alone has survived since the early 1970’s (after Nixon removed the last vestiges of the gold standard) on nothing but questionable credit practices and baseless optimism, but there is a limit to the power of fantasy. This is a fact that most mainstream financial analysts and some in the American public refuse to grasp. Mere belief in the enduring nature of the marketplace is not enough; the fundamentals must also support that belief.

Today, we face an atmosphere in which the fundamentals are fiercely opposed to the publicly promoted perception of the economy, and it is moments in history like this that present a clear primer for total collapse. Financial disaster is bad enough when it is at least partially anticipated. When the masses are caught completely unaware and unprepared in the midst of misguided conviction, this leads to the worst kind of tragedy: the ironic and Shakespearian kind. To avoid this brand of tragedy is one of the primary reasons why we in the Liberty Movement do what we do. We may not be able to stop the current crisis from developing, but we can create awareness, and through this we can lessen the cultural shock, and thereby lessen the impact.

Mainstream economists crowed about the “invincible” rise of globalism and the unstoppable U.S. financial juggernaut for years while more level headed and intelligent men tried to warn the public of danger. The initial derivatives collapse in 2007 / 2008 should have put all of these pathetic establishment cheerleaders to shame, not to mention out of work. Yet three years later, amazingly, we are asked, even expected, to continue to look to such sad and useless people for predictions on market stability that always turn out absolutely inaccurate, and advice on savings and investment that they are not equipped to give.

I suppose we should not be surprised by the continued lifespan of MSM parrots and puppets. They may not be helpful to the average American, but they are very helpful to international banks and the globalist companies that pay their salaries. They distract and confuse us. They comfort when they should caution, and contradict when they should pay heed. Our financial house is burning from the bottom floor up, and they assure us that the warm orange glow is just the dawning of a new and beautiful day. We are told to “look to the future”, a return to normalcy is “just around the corner”. Never would they dare to weigh the cold hard factors of the present, or the ruse would be up. Whether they are aware of it or not the lies media pundits perpetuate set the stage for even greater upheaval, to the detriment of most, and the benefit of only a handful.

In this article, as we have in so many others, we will examine those lies, as well as the truths they are meant to hide. The most important truth of all being, that not only are we not in the middle of a recovery, but that the final phase of the economic meltdown is about to commence…

Distractions, Half-Truths, And Outright Lies

“We will not have any more crashes in our time.”
– John Maynard Keynes in 1927

“I see nothing in the present situation that is either menacing or warrants pessimism… I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress.”
– Andrew W. Mellon, U.S. Secretary of the Treasury December 31, 1929

“[1930 will be] a splendid employment year.”
– U.S. Dept. of Labor, New Year’s Forecast, December 1929

“While the crash only took place six months ago, I am convinced we have now passed through the worst — and with continued unity of effort we shall rapidly recover. There has been no significant bank or industrial failure. That danger, too, is safely behind us.”
– Herbert Hoover, President of the United States, May 1, 1930

Most of us were not alive to witness the throws of the Great Depression, but for many, the quotes above sound strangely familiar. Pundits and government officials of our fateful era have taken to spewing the same kind of nonsense on a daily basis, and one begins to wonder if they are TRYING to top the ridiculous statements of their forebears in an attempt of ultimate mockery. Today, not only are we told that “green shoots” abound, but that if those green shoots fail, it will only be because we did not “believe” hard enough in their existence!

http://www.telegraph.co.uk/finance/comment/jeremy-warner/7864373/Will-the-world-suffer-a-double-dip-recession-Only-if-we-talk-ourselves-into-it.html

It is this kind of idiocy that led us to the state of affairs we are in now, and it is the same idiocy that will leave millions of Americans in extended financial ruin in the near future. The absurd idea that prosperity is driven merely by blind optimism must be put to rest if we are ever to rebuild. Transparency, the pure and unadulterated truth, must be present in every aspect of government and finance without question for a culture to succeed. No longer can we operate in a system built upon the premise that the American people must be kept in the dark “for their own good”.

The essence of the recovery argument lay in unsubstantiated rhetoric, skewed statistics, and the over-promotion of news items that in reality are very minor economic indicators. Wall street reform has been heralded as a fix-all, yet the language of the legislation does little to nothing in reigning in the toxic derivatives trading practices that fomented the housing bubble, nor does it take any measures against the root cause of the mortgage crisis; the private Federal Reserve Bank, which artificially lowered interest rates and lending standards during the 1990’s knowing full well that this would amass pockets of poisonous debt securities throughout the economy. International banks have not been truly punished for their practices of market rigging and faulty accounting, nor will they be. The recent and laughable lawsuit settlements of AIG and Goldman Sachs prove that no bankers will be held accountable, only penalized with fines that amount to little more than pocket change to these monstrous global corporations:

http://www.sec.gov/news/press/2010/2010-123.htm

http://www.cbsnews.com/stories/2010/07/16/ap/business/main6685538.shtml

This means that the conditions which triggered the initial collapse have not been mended in any way. Absolutely nothing has changed since 2007. Americans have only been temporarily shielded from the effects and the particulars of continuing financial corruption. For instance, it has been revealed that the SEC itself has known since at least April that Citigroup has been hiding assets and debts on its books by counting Repurchase Agreements as actual sales. For those of you not familiar with such slight-of-hand, this is the same kind of accounting trick that led to the fall of Lehman Brothers:

http://www.reuters.com/article/idUSTRE66F0NV20100716

Citigroup claims, of course, that these Repurchase Agreements are only a small part of their operation and will not affect their ability to function. The problem is that like Lehman Brothers and Citigroup, it is probable that most global banks have used false accounting procedures to hide the true measure of their leveraged capital. It certainly is not in their best interest to reveal the whole truth, so why would they? Due to the continuing dilemma of hidden and unreported bank debts, it is only a matter of time before we witness yet another credit implosion, followed by even more taxpayer funded bailouts, and even greater stress on the stability of the U.S. Dollar.

While empty promises of reform and the hidden accounting practices of banks have kept markets malleable for the moment, it is really the exaggeration of consumer spending and retail gains, along with rigged unemployment reports from the Labor Department, that have kept the false recovery wheel spinning for over a year. Any profit or production increase by almost any company has been held up as a rallying cry for a bull market, even though in most cases these companies increased profits by cutting their labor force, and increased production by forcing their remaining employees to work harder for the same amount of money. They did not expand profits because the U.S. consumer is spending once again with wild abandon as has been suggested every time new quarterly profit reports are released. After a year of this misrepresentation of the facts, finally, the truth is starting to come out.

Retail stocks are beginning to shed value as they take hits from decreasing sales and profits, meaning, the cost cutting strategy has run its course and retailers are still losing money:

http://www.bloomberg.com/news/2010-07-14/sales-at-u-s-retailers-fell-for-a-second-month-in-june.html

http://finance.yahoo.com/news/Dim-retail-sales-hurt-economy-apf-3335262562.html?x=0&sec=topStories&pos=9&asset=&ccode=

Service sector employment has remained stagnant. The excitable talk that started at the beginning of this year of a hiring resurgence has now faded:

http://www.reuters.com/article/idUSTRE65M2WK20100706

The bottom line; the TRUE unemployment rate of around 20% has become perpetual, and some economists are even suggesting that we accept it as a standard. The American public is now coming to realize that healthy job creation is a very distant goal, one that the government alone has no ability to achieve, bailout or no bailout:

http://www.bloomberg.com/news/2010-07-13/americans-in-70-majority-see-frozen-unemployment-as-budget-deficit-widens.html

On the international scene, news from Europe has gone abruptly quiet. After months of blaring reports on the Greek sovereign debt crisis, and the imploding Euro, suddenly, we are told that the situation is stabilized? But how? What measures were taken and how did they affect a balancing of the EU economy? The fact is, no measures have been taken. No effective adjustments have been made. The MSM has only muted the reports, and for many Americans, out-of-sight truly is out-of-mind.

Greece is still right where it was six months ago, and the debt to GDP ratios of EU member countries continue to rise.

The mere mention that Spain’s Aaa credit rating was coming under review for a possible downgrade jolted stocks at the beginning of July. The review is not set to conclude for three months, but the market reaction shows that some of the larger investment firms are keenly aware of the weakness in Spain, and the chance that it will become the next in a long line of Greek style implosions:

http://www.businessweek.com/news/2010-06-30/spain-s-aaa-on-downgrade-review-at-moody-s-as-note-sale-nears.html

Portugal’s credit rating was downgraded by Fitch in March, and now it has been downgraded by Moody’s as well:

http://www.huffingtonpost.com/2010/07/13/portugals-credit-rating-d_n_644093.html

And, the IMF and the EU have suspended a review of Hungary’s funding program while the country is in the midst of meltdown. This means Hungary will no longer have access to the $25.1 billion loan package made available by the IMF to see them through the crisis. Frankly, I think all countries are much better off not taking money from the demon spawn over at the IMF, but many of the citizens of Hungary may not see it that way. The suspension of the loan package almost ensures a national default:

http://www.reuters.com/article/idUSTRE66G0RT20100717

Most European countries are in the same predicament as Greece to varying degrees, Greece just happened to be the first to fall. The combined weight of sovereign debts in all EU countries is now threatening the very framework of the European Central Bank itself. The ECB is now facing higher interest rates, which means increased funding costs that they cannot afford without inflating the Euro:

http://www.bloomberg.com/news/2010-07-07/trichet-faces-threat-of-higher-market-rates-as-debt-crisis-hurts-economy.html

What is this leading to? A situation we have been warning about for years; either the default of numerous EU member nations, or the inflationary collapse of the Euro. In each case, the EU will eventually be forced to turn towards the only avenue left available to them; the IMF and full austerity measures. This, of course, was the plan all along….

We have just covered the broader problems in the world economy that have been obscured by the establishment media in order to perpetuate a false sense of security in the masses. However, these are simply ongoing problems that some may dismiss as “par for the course”, troubles that could go on for years without causing immediate damage to America itself. Other recent events, though, now show that the likelihood of a final phase meltdown of the U.S. economy may begin before the end of this year.

The Signs Of Final Phase Collapse

It is difficult to write about economic indicators of collapse for many reasons, but the primary issue is one of relativity. Most Americans alive today have never suffered through an extended depression and few if any have ever witnessed a full fledged meltdown of a country’s finance and infrastructure. Therefore, many people in this country have no point of reference with which to compare and contrast the events of the new millennium. The unfortunate reality is, when a society enjoys an extended period of affluence, they often become conditioned to take prosperity for granted. They become unable or unwilling to interpret warning signs of a collapse until the event is already near its end, and they have lost everything.

The signals listed below I believe are truly the last straw, the final alarm before the global financial system spirals completely out of control. It is impossible to say exactly when this larger secondary breakdown will occur, however, when one studies the economic disasters of the past, these same primers tend to appear preceding very fast moving financial decay.

Secondary Real Estate Bubble: If you think you’ve seen a catastrophe in the real estate market so far, just wait another six months. Now that the government home buyer tax credit has ended, we are starting to see how much the real estate market really was being propped up by taxpayer dollars. Mortgage bond yields have plummeted to their lowest level on record while bond sales have slumped, all in anticipation of another massive round of mortgage defaults:

http://www.bloomberg.com/news/2010-07-13/mortgage-bond-yield-spreads-that-guide-home-loan-rates-approach-record-low.html

http://www.bloomberg.com/news/2010-07-05/property-bonds-slump-most-since-march-09-on-default-risk-credit-markets.html

Sales of new U.S. homes have plunged to the lowest level on record:

http://www.bloomberg.com/news/2010-06-23/sales-of-u-s-new-houses-plunge-to-lowest-level-on-record.html

And, nearly 1 in 3 homes sales in the first quarter of 2010 were foreclosures at rock bottom prices:

http://news.yahoo.com/s/nm/20100630/us_nm/us_usa_housing_foreclosures

Home foreclosures are on track to reach 1 Million or more by the end of 2010, and home seizures have risen 38% as banks process a backlog of mortgage defaults. This is despite efforts by banks to reduce foreclosure numbers by modifying loans and attempting short sales of properties:

http://news.yahoo.com/s/ap/20100715/ap_on_bi_ge/us_foreclosure_rates

http://www.bloomberg.com/news/2010-07-15/u-s-home-seizures-rise-38-to-record-as-banks-process-forclosure-backlog.html

This is nothing compared to the nightmare that is brewing in the commercial real estate market. Commercial real estate transactions have collapsed by 90% as many people are aware:

http://www.mybudget360.com/commerical-real-estate-collapse-90-percent-from-peak-next-taxpayer-bailout-4-times-size-of-credit-card-market/

However, most analysts tend to overlook retail land occupancy rates. Commercial property vacancies have hit a ten year high:

http://www.reuters.com/article/idUSN0610302020100707

In the past, owners of commercial real estate have enjoyed extra credit and loan extensions from banks because financiers hope that by supporting the commercial market through the downturn they might retrieve profits once the economic uncertainty has ended and businesses start making money again. But what happens when the downturn does not end? Banks are only going to extend loans for so long before they pull the plug, even on commercial borrowers. It would seem that the time has come for the commercial real estate bubble to finally burst.

Why are these recent problems in the real estate market an indicator of a final phase collapse in the near term? The issue is one of prolonged instability. The recession / depression that we face today should have transpired sometime in the early 1990’s, but the engineered low interest rates supplied by the private Federal Reserve during that decade created the property value boom. Any American could buy a home regardless of whether or not they could actually afford it, and anyone with a home could then use it as collateral for enormous credit lines. This new artificial debt bubble prolonged the collapse for around fifteen years. As of the second quarter of 2010, though, this credit source has been exhausted completely. There is officially nothing left to support the general economy (except, of course, fiat inflation). The effects of this lack of national capital should become very visible by the end of this year.

Unemployment Visibility: It did not come as a surprise to this researcher that the jobs market began to crumble once again in June and July, but it did come as a surprise to some. We’ve talked on numerous occasions about how the Labor Department hides the true level of unemployment from the public, and I won’t beat that poor dead horse any further. Suffice to say, real unemployment counting the U6 measurement is around 20%. The length of the average American’s unemployment has reached incredible levels. Many millions have remained jobless for 6 to 12 months. In response, the Federal Government has extended unemployment benefits several times over the past year. While this has been painted as a necessary action to save the livelihood of jobless citizens, it is less about “compassion” from the government and more about obscuring the effects of unemployment until they are ready to let the cradle fall. That time has come.

Congress has not renewed extensions of benefits as of this month, and it looks as though they do not plan to do so again. Barack Obama (or his handlers) have tried to turn this issue into another false left / right paradigm argument, claiming that it is the Republicans that are to blame for the loss of unemployment benefits. This is a distraction from the real matter at hand. The truth is, the ENTIRE government is responsible for the disruption of benefits due to the unchecked and insane deficit spending BOTH parties have enacted over the years. Extending benefits again would add billions if not trillions to the already unsustainable U.S. debt and cannot be continued indefinitely.

Unemployment benefits hide the visible scars of national job loss. Now that millions of Americans have run out, expect to see those scars in all their terrible glory. Expect homeless numbers to skyrocket. Expect crime to skyrocket. Expect suicides to skyrocket. Expect all the problems that were once muted and hidden to now parade across the street where you live. Expect things to deteriorate from the comparably nice, polite, and civil situation we have currently. Expect things to get ugly.

Municipal Debt Implosion: As we have been warning about for the past couple years, municipal bonds are in dire straights. Cities and some states are ready to implode and they are ready to implode now. Look for city defaults to rise to record levels in the next year.

California and Illinois are broke, make no mistake. When Arnold calls for state employee pay to be reduced to minimum wage and Illinois lets $5 Billion in bills go unpaid, there is no turning back:

http://www.bloomberg.com/news/2010-07-14/california-may-cut-pay-illinois-holds-bills-to-bar-downgrades.html

Municipal Bond Defaults now continue at triple the typical rate:

http://www.bloomberg.com/news/2010-07-16/municipal-bond-defaults-continue-at-triple-the-typical-rate-lehmann-says.html

This not only sets the stage for statewide bankruptcies, it also threatens to bring down large holders of municipal securities, such as Citigroup and U.S. Bancorp:

http://www.bloomberg.com/news/2010-07-06/u-s-banks-risk-untold-problem-as-muni-holdings-climb-to-25-year-high.html

Usually, muni-bonds are used by investors as a tax haven and hedge to weather credit storms like that which we are seeing now, yet, investors in the past few months have begun dumping their municipals like a bad date. I believe we will begin hearing about state defaults before the end of the year.

The Dollar? Stick A Fork In It, It’s Done: As we recently predicted, the dollar has broken its traditional relationship with the stock market. Usually, when investors pull their money out of stocks, they then place it in dollar based securities as a safe haven. This causes the dollar to increase in value. In the past few weeks, though, the dollar has plummeted at the same time as stocks! This means investors no longer trust the dollar as a safe haven investment during a market crisis. As we have said for years, when this signal happens, the dollar is ripe for meltdown.

Central banks across the world are beginning to abandon the U.S. dollar:

http://wallstreet.blogs.fortune.cnn.com/2010/07/09/central-banks-start-to-abandon-the-u-s-dollar/

Despite the uncertainty in Europe, the dollar has still sunk against the Euro faster than it has in the past year:

http://www.bloomberg.com/news/2010-07-17/dollar-weakens-most-in-14-months-versus-euro-on-signs-of-economic-slowdown.html

In 2008, I predicted that China would radically re-engineer its economy, changing it from an export based hub to a self sustaining consumer hub. I predicted that they would depeg the Yuan from the Dollar after this move was done, and following that, they would dump their vast holdings of U.S. treasuries, causing the dollar to lose its world reserve status, destroying its value, and creating hyperinflation in prices here in the U.S. So far, the first two events have already occurred. China has depegged its currency from the dollar and is allowing it to begin appreciating. They have also almost finished converting their economy into a consumer system while continuing exports through the ASEAN trading bloc:

http://www.nytimes.com/2010/06/25/world/asia/25china.html?_r=1&ref=global-home

The Yuan is now being globalized by the Chinese in an effort to strengthen its base and make it viable as a reserve currency:

http://www.reuters.com/article/idUSTRE66427920100705

Some analysts have suggested that the globalization of the Yuan could take years, however, this is not necessarily so. If the U.S. dollar were to collapse, or the Euro, or both, the Yuan suddenly would look extremely viable as a reserve currency. I believe this is exactly what will happen, and, I believe China will begin depleting its U.S. Treasury holdings in the next 6 months.

Interestingly, some in China have gone out of their way to deny that such plans are in the wings, and the MSM has helped to facilitate this fallacy:

http://www.reuters.com/article/idUSTRE6660VC20100707

Set aside the fact that others in China are calling for the government to dump U.S. Treasuries:

http://www.reuters.com/article/idUSTRE66I05U20100719

Now would be the perfect time considering the dollar’s recent rise due to the problems in the EU. A bond dump at this time would mean China could reap maximum profits before a final monetary breakdown. China is reverting to a consumer hub and is no longer relying on exports to the U.S., so the idea that they have any reason whatsoever to continue holding onto U.S. Treasuries is absurd.

The final key to the coming Chinese treasury dump, I feel, is in the relationship between China and Germany. Germany is really the primary pillar of the EU, without it, the EU could not exist. A barely publicized visit by German Chancellor Angela Merkel on July 15th may be the final piece of a long escalating financial relationship between China and the stronger countries of the EU:

http://news.xinhuanet.com/english2010/china/2010-07/14/c_111953600.htm

A Chinese / German financial alliance could create a core economic “shell” which might withstand an anticipated disintegration in the U.S. and some of the more indebted European nations. I do not expect the dollar as we know it to survive past 2011.

The Line Has Been Crossed

I have never seen so many indicators of total meltdown, when compared to past economic collapses throughout history, as I see today. Not to sound melodramatic, but I’m really not certain if I will be writing these financial analysis articles for much longer. I suspect that before the year is out there will be no more need, being that every facet I have laid out over the years will become glaringly obvious to everyone.

As I have stated so many times, we may not be able to stop these events from unfolding, but we can determine their final outcome. Prepare for the worst, because I have no doubt you are liable to see it before the next few years are done. Stand by your principles. Never compromise your conscience. And above all else, survive. No ending culminates without the graces of a new life, one full of possibility. It is up to you, the staunch and independent American individual, to see that that possibility is realized regardless of any obstacle or enemy. A fiscal catastrophe will not stop us, it will not break our spirits, it will not enslave us. It will only strengthen our resolve to remain forever defiant, and forever free.

Special Note To Neithercorp.us Readers: For the past four weeks or more, our website neithercorp.us has come under heavy attack by hackers or agencies employing hackers. Due to the sophistication of these attacks, we are unable to properly secure the site at this time. In order to protect you, our readers, I will be posting my articles to this page until the problem can be resolved. I hope you will continue to follow our efforts here at blogspot while neithercorp.us is on hiatus. Thank you for your continued patronage. It will take more than web attacks to shut me up…

You can contact Giordano Bruno at: giordano@neithercorp.us

From → World Watch

4 Comments
  1. Flyer168 permalink

    Bro,

    Just want to share this…

    Fun with Fascism…1946 – 06:44 – http://www.youtube.com/watch?v=bY8GzJNuz7I&feature=related

    This is interesting…Based on an actual 1946 classroom film…

    Mind blowing speech by Robert Welch in his 1958 Predictions – 09:00…

    JFK’s Final Greatest speech in 1961 – 05:24 – That Ended His Life (Full Speech) – http://www.youtube.com/watch?v=eLtlArhUhG0

    # 1 The Prediction Trend – # 04:56 – 05 Feb 2010 Gerald Celente On The Coming War And Financial Collapse: – http://www.2012-doomsday-predictions.com/6547/gerald-celente-on-the-coming-war-and-financial-collapse-05-feb-2010/

    # 2 The Trend Alert # 11:19 – September 16, 2009 Gerald Celente -Trend Alert Video: Revolution next for U.S :– http://www.youtube.com/watch?v=JhaEc_4zuFI&feature=player_embedded#!

    # 3 The Happening & More to come – # 11:09 – January 12, 2010 Celente on 2010: Wave of Terror, Internet revolt & War on migration – http://www.youtube.com/watch?v=rEZXLwAAur0&feature=channel

    # 4 Who is Gerald Celente ? # 07:56 – November 21, 2008 – Who is Gerald Celente ? http://www.youtube.com/watch?v=XtRgx8qObtA

    February 06, 2010 Ron Paul warns Americans of coming economic collapse and possible martial law – http://www.youtube.com/watch?v=EnRCz2Dcd_A&NR=1

    Finally to get the Holistic understanding of this “Planned Global Financial Destruction” & surrender to the NWO agenda…Rothschild & Rockefella Agenda, watch Pt1 to Pt 9.

    When Central Banks Rule the World – Pt.1 – 09:59 – http://www.youtube.com/watch?v=Bk1xao6mvjc

    You be the judge.

    Cheers.

  2. Flyer168 permalink

    Bro,

    Just read all the sayings of Presidents, Bankers. etc then…

    “When the white man governs himself, that is self-government; but when he governs himself and also governs another man, that is more than self-government – that is despotism.

    If the negro is a man, why then my ancient faith tells me that ‘all men are created equal’ and that there can be no moral right in connection with one man’s making a slave of another.” (Springfield, Illinois, October, 1854)

    Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add ‘within the limits of the law’ because law is often but the tyrant’s will, and always so when it violates the rights of the individual.
    Thomas Jefferson

    Sometimes it is said that man cannot be trusted with the government of himself. Can he, then be trusted with the government of others? Or have we found angels in the form of kings to govern him? Let history answer this question.
    Thomas Jefferson

    “In March, 1915, the J.P. Morgan interests, the steel, shipbuilding, and powder interest, and their subsidiary organizations, got together 12 men high up in the newspaper world and employed them to select the most influential newspapers in the United States and sufficient number of them to control generally the policy of the daily press…

    They found it was only necessary to purchase the control of 25 of the greatest papers. “An agreement was reached; the policy of the papers was bought, to be paid for by the month; an editor was furnished for each paper to properly supervise and edit information regarding the questions of preparedness, militarism, financial policies, and other things of national and international nature considered vital to the interests of the purchasers.”
    – U.S. Congressman Oscar Callaway, 1917

    “For some time I have been disturbed by the way the CIA has been diverted from its original assignment. It has become an operational and at times a policy making arm of the government.”
    – President Harry Truman

    A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned – this is the sum of good government.
    Thomas Jefferson

    Never spend your money before you have earned it.
    Thomas Jefferson

    Banking Control

    “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
    – Henry Ford

    “If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” – Thomas Jefferson

    “The system of banking [is] a blot left in all our Constitutions, which, if not covered, will end in their destruction… I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity… is but swindling futurity on a large scale.”
    – Thomas Jefferson

    “I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a moneyed aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.”
    – Thomas Jefferson

    “The money power preys on the nation in times of peace, and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes.” – Abraham Lincoln

    “[The] abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit….

    In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holdings illegal, as was done in the case of gold….

    The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves…. [This] is the shabby secret of the welfare statist’s tirades against gold.

    Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”
    – Alan Greenspan in an article he wrote in 1966.

    “The Federal Reserve Bank is nothing but a banking fraud and an unlawful crime against civilization.

    Why? Because they “create” the money made out of nothing, and our Uncle Sam’s Government issues their “Federal Reserve Notes” and stamps our Government approval with NO obligation whatever from these Federal Reserve Banks, Individual Banks or National Banks, etc.”
    – H.L. Birum, Sr., American Mercury, August 1957, p. 43

    “Give me control of a nation’s money and I care not who makes it’s laws.”
    – Mayer Amschel Bauer Rothschild

    “We are grateful to the Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years…

    It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world government.

    The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.”
    – David Rockefeller, Bilderberg Meeting, June 1991 Baden, Germany

    Some even believe we (the Rockefeller family) are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure – one world, if you will.

    If that’s the charge, I stand guilty, and I am proud of it.”
    – David Rockefeller, Memoirs, page 405

    “We are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the New World Order.”
    – David Rockefeller

    You be the judge.

    Cheers.

  3. Thank you for the interesting article.

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