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SATURDAY, July 4, 2009
WEDNESDAY, July 8, 2009
US MARKETS
As you have already seen this is a worldwide depression and no one will
escape. Europe’s economy is already in a shambles as is the US economy. Inflation
will rage all over the world, because every nation has created massive amounts of
money and credit as demanded by US and British elitists. They have all overmedicated
the patient. As the Broadway hit play of many years ago told us, we are going to have
to go through a “Period of Adjustment.” Some nations will get off easier than others.
There will be no decoupling and many nations could have revolutions.
Government spending and increased debt has been taken on by all countries
and to in part pay for that taxes will rise everywhere. Deficits will hit records as far as
the eye can see. You can’t have massive spending, massive debt and massive tax
increases and expect to have growth. It is impossible.
Thus far government has been able to paper over the systemic meltdown in the
financial area. They still haven’t dealt with off balance sheet and derivative losses.
Even with the trillions poured into these entities it has not been enough to solve their
problems and over the next few years that will become obvious.
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The Treasury plans of having the fox, the Fed, take over the chicken coop is
pure insanity. These are the very people who caused the problem by encouraging mis-
rating, securitization and lending that defied reality. Now the Fed is to become
policeman. It is really insulting and removes any sense of security from the system.
The problem of protecting consumers lies in the hands of the Fed, raters,
lenders and Wall Street. Greed overcame any semblance of prudence.
The Treasury, as stated under the Constitution, should have the authority to
solve financial crisis, but they cannot because the Fed has the tools to do so. Those
tools have to be put in the hands of the Treasury again. It is not a cure all, but it is a
step forward. That has to be accompanied by ending the revolving door between
banking, Wall Street and the positions appointed in Washington, especially the
Treasury.
Giving the Fed more powers to regulate is not addressing the underlying
problem and shifting private debt into public debt isn’t an answer either. The main
cause of the problem is leverage, securitization, and globalization and the massive use
of derivatives. Free trade and globalization are the worst and have caused wage-price
imbalance and stripping America of its ability to compete.
The advantages all accrue to transnational conglomerates and third world
nations. This enriches the rich and takes the living standards in the US, Canada and
Europe down to the levels of the third world.
Why would our president want the Fed to have day-to-day supervision over the
largest bank holding companies, which own the Fed? This is the group that caused all
these failures. The Fed would have a financial empire that would allow them to engage
in greater corruption. It would control a financial colossus.
Then the FDIC would receive more powers to wind down whatever banks they
decided would be eliminated. If large banks can be bailed out, why can’t small banks
receive equal treatment? That is because the big banks want to absorb the small and
medium-sized banks eventually leaving us with 20 with a monopoly in banking. This is
where this is headed. We are also told many more banks have gone under than we’ve
been told about. Insiders expect 500 to 800 will go under this year, not the publicly
announced 35 or 45.
Thus, the Fed and the FDIC are to be rewarded for failure. They didn’t use their
regulatory powers over banks in mortgage lending, rating and securitization.
The plan of the administration is a copy of the Paulson plan to concentrate
more power with the Fed. They have eliminated the Office of Thrift Supervision and
merged it with the Comptroller of the Currency.
They previously proposed a merger of the CFTC and SEC, which isn’t about to
happen.
The litany goes on and American waits for the other shoe to drop as it falls
deeper into depression. As you can see this is a struggle to give the Fed total financial
control over America. It can only end in disaster.
The Fed may revamp the repo market for they fear existing arrangements
could put the clearing banks in a difficult position in a crisis. As securities’ values fall,
clearing banks have to demand more capital or collateral to avoid losses. In that
process they could destabilize the market. Positions of investment banks are so large
that a default could be fatal. The solution, of course, is that the Fed takes over the
defaulted positions to keep its monopoly in tact. The two banks at great risk are
JPMorgan Chase and Bank of NY Mellon, both shareholders in the Fed.
A quarter of US employers have eliminated matching contributions to employee
401(k) retirement plans since September. Most say it is temporary, but we don’t
believe it.
4
If exports don’t pick up soon the IMF says the dollar will need to be devalued.
JPMorgan Chase & Co. is raising some balance-transfer fees on credit cards to
5 percent, the highest among the nation’s largest banks, citing increasing regulations
and costs after the United States put new curbs on the industry.
The lender starts charging more in August, just as the law to curb interest-rate
increases, fees, and marketing practices begins to take effect.
The credit card law President Obama signed May 22 prompted warnings from
industry executives that they’d be forced to raise fees, curtail credit, and restrict
consumer rewards programs. Congress heard testimony yesterday on Obama’s
proposed Consumer Financial Protection Agency, which would have authority over
increases like the boost JPMorgan is planning, said the chairman of the House
Financial Services Committee, Barney Frank.
“What Chase is doing is strengthening the argument for the new entity,’’ Frank,
a Massachusetts Democrat, said yesterday before the hearing. Banks should be able
to impose fees to cover their costs, not to create a “new profit center,’’ he said.
JPMorgan’s previous average fee for balance transfers was 3 percent,
spokesman Paul Hartwick said. He declined to say how many customers will be
affected. The increase also applies to cash advances, and fixed interest rates will
become variable, the notice said. JPMorgan may choose to offer a lower transfer fee,
the notice said; Hartwick declined to elaborate.
“In the current economic environment, our costs of doing business have been
impacted by increased losses,’’ Hartwick said in an e-mail. “We are increasing
balance-transfer fees to reflect the increasing costs.’
A 65-year-old Massachusetts investment manager pleaded guilty yesterday to
securities fraud for running a Ponzi scheme that cost 70 investors, many from the Bay
State, about $9 million.
Michael C. Regan, 65, faces up to 20 years in jail and $5 million in penalties
after settling the criminal charges with federal officials in New York. He also settled
similar civil charges with the Securities and Exchange Commission, in which he
agreed to repay more than $8.7 million.
Officials have not yet determined whether Regan has money or other assets to
repay his victims.
And he could face additional fines, SEC spokesman David Rosenfeld said.
“We’ll try to find whatever can be recovered in order to [get it] to the investors,’’ he
said.
Formerly of Wayland, Regan now lives in Quincy. He was released on bail, with
a date for sentencing yet to be set, said a spokesman for the US attorney’s office in
Brooklyn.
Like convicted swindler Bernard L. Madoff, Regan promised investors
consistently high returns. He told them his River Stream Fund had earned about 20
percent a year since 2001, using a trading strategy based on short-term market trends,
authorities said. In fact, River Stream lost money or had minimal returns most of the
time, paid as much as $9 million in bogus profits, and returned capital to investors with
money given to him by other investors, according to court documents. Meanwhile,
Regan took more than $2.5 million in fees for himself.
Before his fund collapsed in April 2008, Regan claimed it held about $18
million, when in reality it had only $101,600, according to prosecutors.
Regan’s lawyer, Raymond Mansolillo, did not return calls seeking comment.
The Labor Department said the number of mass layoff actions -- defined as job
cuts involving at least 50 people from a single employer -- increased to 2,933 in May
from 2,712 in April, resulting in the loss of 312,880 jobs. [This is further evidence of
5
the absurdity of BLS’s 225k job creation in its B/D Model.]
Household-products maker Kimberly-Clark Corp. said Thursday it plans to cut
1,600 jobs, or 3 percent of its global work force, as it slims down in the tough
economy.
The maker of Kleenex tissues, Huggies diapers and scores of other household
items employs 53,000 people around the world. It plans to make the cuts primarily
among salaried and non-production workers and executives said the company doesn't
plan to close any plants.
The number of Americans filing claims for unemployment benefits
unexpectedly rose last week, a reminder that companies will keep cutting staff even as
the economy stabilizes.
Initial jobless claims rose by 15,000 to 627,000 in the week ended June 20,
from a revised 612,000 the week before, the Labor Department said today in
Washington. A report from the Commerce Department showed gross domestic product
shrank at a 5.5 percent annual pace in the first three months of the year.
The Japanese government has told Citigroup to cease certain operations due
to breaking money laundering laws.
China’s central bank renewed its call for a new global currency and said the
International Monetary Fund should manage more of members’ foreign-exchange
reserves, triggering a decline in the U.S. dollar.
“To avoid the inherent deficiencies of using sovereign currencies for reserves,
there’s a need to create an international reserve currency that’s de-linked from
sovereign nations,” the People’s Bank of China said in its 2008 review released today.
The IMF should expand the functions of its unit of account, Special Drawing Rights,
the report said.
The restatement of Governor Zhou Xiaochuan’s proposal in March added to
speculation that China will diversify its currency reserves, the world’s largest at more
than $1.95 trillion. Chinese investors, the biggest foreign holders of U.S. Treasuries,
reduced holdings in April after Premier Wen Jiabao expressed concern about the value
of dollar assets.
“Zhou Xiaochuan sees the current international financial system is flawed,
putting too much emphasis on the dollar as a reserve currency,” said Kevin Lai, an
economist with Daiwa Institute of Research in Hong Kong.
Consumer spending rose for the first time in three months in May as incomes
jumped by the most in a year, a sign that government efforts to revive the economy
may be starting to pay off.
The 0.3 percent gain in purchases followed no change in April, the Commerce
Department said today in Washington. Incomes surged 1.4 percent, reflecting tax cuts
and Social Security payments from the Obama administration’s stimulus and driving up
the savings rate to a 15-year high.
The U.S. Senate proposal to impose taxes for the first time on “gold-plated”
health plans may bypass generous employee benefits negotiated by unions.
Senate Finance Committee Chairman Max Baucus, the chief congressional
advocate of taxing some employer-provided benefits to help pay for a $1 trillion
overhaul of the U.S. health system, says any change should exempt perks secured in
existing collective-bargaining agreements, which can be in place for as long as five
years.
The exception, which could make the proposal more politically palatable to
Democrats from heavily unionized states such as Michigan, is adding controversy to
an already contentious debate. It would shield the 12.4 percent of American workers
6
who belong to unions from being taxed while exposing some other middle-income
workers to the levy.
“I can’t think of any other aspect of the individual income tax that treats benefits
of different people differently because of who they work for,” said Chris Edwards,
director of tax policy studies at the Cato Institute, a Washington research group that
often criticizes Democrats’ economic proposals. Edwards said the carve-out “smacks
of political favoritism.” – As you can see, some are more equal then others.
The nation's long-term budget outlook has darkened considerably over the past
six months, and President Obama's plan to extend an array of tax cuts and other
policies adopted during the Bush administration has the potential to "create an
explosive fiscal situation," congressional budget analysts reported yesterday.
In a new report, the Congressional Budget Office found that extending the
Bush administration tax cuts, reining in the alternative minimum tax and canceling a
scheduled reduction in payments to Medicare doctors would dramatically slash tax
collections at a time when federal spending would be "sharply rising." The resulting
budget gap would drive the nation's debt over 100 percent of gross domestic product
by 2023, the report says, and past 200 percent of GDP by the late 2030s.
Obama has not proposed to extend all of the Bush tax cuts, which are
scheduled to expire in December 2010. But he would keep all cuts benefiting the
middle class -- a substantial portion of the total -- and has advocated additional
borrowing to cover the costs of that and other policy changes analyzed by the CBO.
Home prices throughout California and in the Las Vegas area fell from a year
earlier in May as a glut of foreclosed property pushed down the value of single- family
houses and condominiums.
The median price for an existing, single-family detached house in California
declined 30 percent to $267,570, the California Association of Realtors said today in a
statement. In the Las Vegas area, the median price for houses and condominiums fell
44 percent to $135,000, San Diego-based MDA DataQuick said in a separate
statement today.
About 73 percent of all existing houses and condos sold in the Las Vegas-
Paradise area were foreclosures last month, up from 56 percent a year earlier, and
such sales accounted for 51 percent all existing-home transactions in California, MDA
DataQuick said. Foreclosure sales represented 40 percent of California resales a year
ago, the research company said.
“In California and the West and, really, a lot of the country, we have to be ready
for more waves of foreclosures coming through for at least the next year,” Andrew
LePage, an analyst with MDA DataQuick, said in an interview. “And no one really
knows how big those waves are going to be.”
California is on target for 556,590 home sales this year, based on May’s pace
of transactions, the state’s Realtors association said. That’s up from a 411,770 pace in
May 2008. May’s sales were up 2.9 percent from April.
May PCE Deflator rises 0.1%.
The Federal Reserve's latest weekly money supply report Thursday shows
seasonally adjusted M1 rose by $25.8 billion to $1.657 trillion, while M2 rose $15.7
billion to $8.369 trillion.
Confidence among U.S. consumers rose this month for a fourth straight time,
reflecting signs that the worst of the recession has passed.
The Reuters/University of Michigan final index of consumer sentiment gained to
70.8, the highest level since February 2008, from 68.7 in May. Today’s measure
compares with a preliminary June reading of 69. During the expansion that began in
late 2001 and ended in December 2007, the index averaged 89.2.
7
Households pushed their savings rate to the highest level in more than 15
years in May as a big boost in incomes from the government's stimulus program was
devoted more to bolstering nest eggs than increased spending.
The higher savings rate is healthy in the long term, economists said. But
without vigorous consumer spending, the government may have to do more to revive
the economy, possibly through further tax breaks and spending.
The Commerce Department said Friday that consumer spending rose 0.3
percent in May, in line with expectations. But incomes jumped 1.4 percent, the biggest
gain in a year and easily outpacing the 0.3 percent increase that economists expected.
The savings rate, which was hovering near zero in early 2008, surged to 6.9
percent, the highest level since December 1993.
The income increase reflected temporary factors relating to the $787 billion
economic stimulus program that President Barack Obama pushed through Congress
in February to fight the recession. That program included one-time payments to people
receiving Social Security and other government pension benefits.
What we suspected would happen to California in the mid-1990s is finally
taking place. Here we have a state that has lived in - in reality -for years. A state where
40% of the inhabitants live in a black economy and don’t pay taxes. In addition, the
state has been overrun with illegal aliens for many years. Of 38 million inhabitants ten
million are illegals.
California is in serious financial trouble. Mortgages 90-days past due average
7.6%. Foreclosures continue to climb, as residential and commercial real estate plunge
in price. Unemployment is the worst since 1940. In almost two years close to 860,000
jobs have officially been lost, of which officially 740,000 were lost in the last year. Real
U6 unemployment is more than 20% and 2-years from now could be 35% or more.
Layoffs could reach beyond 100,000 state employees. The state’s credit rating is
headed lower. Next is the dumping of California’s municipal bonds due to credit rating
downgrades. Over the next two months the state may not be able to meet its payroll. It
is probable that in time California will default.
All of these problems will affect the entire economy of the country. There is big
trouble on the way.
Our resident geniuses in Washington are considering allowing Fannie and
Freddie to refinance loans with current loan value ratios of 125% or more. They say
they have to raise the limit level because buyers cannot qualify. Here we are back to
the subprime syndrome. A move that proves Washington learned nothing from the real
estate bubble. This defies all banking precedent and prudence, because few can
qualify who want to be buyers. It also says that foreclosures are not being stopped or
slowed down. As unemployment grows house prices will fall further. America is
headed toward a debtors revolt, and it is not that far away.
Manhattan apartment prices have fallen 20% and will probably fall 25% more,
perhaps even 30% or more. That is because the fall didn’t begin but nine months ago.
The securities industry has cut 21,800 jobs over the last year with lots more to come.
The industry accounts for 35% of all salaries and wages. Unemployment hit 9% in
May, the highest since October 1997, and up from 8% in April.
Health care is a front-page issue and what liberal Democrats want to foist upon
Americans could prove deadly for many.
Senator Ted Kennedy believes he has a universal mandate, a right, for all
Americans, even illegal aliens, to be forced to have or buy health insurance. Any plan,
any American has, will have to meet government specifications. If you do not have
insurance, your employer will have to purchase it for you and you may have to pay part
of the cost. If your employer refuses to participate he will be fined. The fine will be
8
much less than the insurance cost, so the citizen will have to be covered by
government or pay it themselves. You will have to pay for that. If you do not the IRS
will fine you, garnish your wages, put a lien on your house and they can imprison you.
The cost of this marvelous program is unknown and how it will be funded is unknown
as well.
In addition, government will computerize all your most confidential medical
records in a federal database, which will eventually be in a worldwide database. Oh,
we forgot all bureaucrats in Washington would be exempted.
These socialists – fascists – want to ram this bill through without it even being
read by Congress.
The bill doesn’t have a number yet, but start contacting all House and Senate
members now and let them know you do not want Teddy Care.
We saw what is now happening in America in 1963. The Watts riots were a
precursor to what has happened over the years. We lived near Wilshire, just one block
away from where the rioters were looting. We were on the roof of our apartment
building with our Gerands and Carbines, ready for action. Fortunately the police
stopped the rioters before they hit Wilshire Blvd.
We new what was coming some 50 years ago. Few listened over the years, but
today it is different. Today it is in your face. Mainline talk show hosts are now stealing
our thunder and that is fine. We want the public to prepare for what is coming their
way. We are already into depression, over 20% unemployment. Next is
demonstrations, food riots, squatting in foreclosed homes has already began, there will
be tax protests, gang warfare and unless we are lucky social chaos. We do not know
when but it is coming, because the Illuminists have deliberately caused this and are in
the process of losing control.
Those who have brains and can think and function outside the box are
preparing. Most of the rest are not and they’ll suffer for it. The mainline media, which
most of America believes in, will inform them of what is really going on when the
shooting in the streets has already begun.
The Fed held monetary policy steady and said the US economic recession was
easing, as it signaled its worries over a possible troubling downward spiral in prices
were easing. That is another way of saying inflation is rising. They held interest rates
at the zero to 0.25% range.
The FOMC said in a prior statement that the pace of contraction is slowing, the
same observation they had at the last session. They realize they cannot raise interest
rates, because if they do deflation will take over and the economy will collapse.
May durable goods orders rose 1.8%. This was the same as last month. Year-
on-year orders are down 24%.
New home sales were 342,000 down from 344,000 in April. Median prices rose
to $221,600 from $212,500 in April. Year-on-year sales fell 35%.
New houses sold were 32,000 down from 49,000 or down 34.6%. New home
sales are at 1995 levels.
Default rates on mortgages in Colorado are now 19% and the state has a 4.4%
unemployment rate.
The Treasury has again changed the way they tally demand at their bond
auctions and are artificially inflating indirect bids, a category used by investors as a
loose proxy for foreign demand.
As we have noticed they have reached 68% at Tuesday’s two-year bill sale and
62% at the $37 billion in five-year note sales. Nothing is honest in Washington.
The annualized credit-card charge-off rate broke through 10% in May for the
first time in 20 years.
9
Congressman Darrell Issa said the Fed engaged in a cover-up about the
details of the Bank of America takeover of Merrill Lynch. The Fed deliberately hid
concerns and pertinent details of a merger from government agencies. The Fed is
privately owned.
He said Mr. Bernanke engaged in blackmail of Ken Lewis of Bank of America.
As you know the House is calling for an audit of the Fed, Ron Paul’s HR 1207, as
Bernanke comes under fire for his Merrill Lynch caper.
The FDIC says it may temporarily extend a program guaranteeing accounts
that do not pay interest. We can promise you if they do not there will be an exodus of
funds out of the banking system into Treasuries, gold and silver.
Warren Buffett live on CNBC said. “There had been little progress over the past
few months in the economic war being fought in the country.” “We haven’t gotten the
economy moving yet. While the economy is in a shambles and likely to stay that way
for some time, he remains optimistic that there will be an eventual recovery.” We
wonder if he has considered the year 2022. He said the nation should concentrate on
jobs. Government cannot do that when their priority is to bail out Wall Street and
banking,
As real U6 unemployment hovers at 20.4%, Citigroup plans to give salary
increases of 50% to their bankers, traders and executives to halt an exodus of senior
staff from the company.
They did such a great job of wrecking the company that they have to be given
taxpayer funds to remain on the job.
Ben Bernanke spent four hours testifying before Congress on Thursday. He
lied about his role in the Merrill Lynch scandal and as usual Congress was a disgusting
hunk of putty, pandering again to the elitists. It was another puking exercise.
Someone turned the light on inside Senate Majority Leader Harry Reid’s head.
He says he thinks market manipulation is behind the spike in gasoline prices and that
federal regulators should investigate. This has been happening to gold and silver for
more than 28 years and no one in congress dares to talk about it.
The Banking Index looks like it is about to break down. Shorts are the order of
the day.
The commercial paper market fell $47.5 billion last week. This is the biggest
vital source of short-term funding for daily operations at many companies. It fell to
$481.4 billion from $502.7 billion.
Unsecured financial issuance rose $18.2 billion to $564.5 billion.
Prime auto ABS delinquencies rose 22% in May.
The Fed tried to keep secret information about the Bank of America deal from
the Office of the Comptroller of the Currency, the North Carolina-based bank’s direct
regulator and from the SEC.
This is the same lying Fed that is supposed to work collaboratively with other
regulators.
The real question is why the Fed Chairman and his fellow criminals should not
be prosecuted for criminal offences?
John Williams notes: On July 31st, the Bureau of Economic Analysis (BEA) will
revamp GDP history going back to 1929…GDP reporting remains virtually worthless
and is little more than political propaganda.
John notes that income contracted more in Q1 than Q2. GDI is the income-
side equivalent of the GDP’s consumption estimate. As estimated in last month’s
reporting, reflecting a sharp reversal in "statistical discrepancy," first-quarter GDI was
reported showing an annualized real quarterly contraction of 3.64%, versus a fourth-
quarter estimated contraction of 7.78%. Today’s reporting and revision reflected
10
something of a reversal in other trends, showing a deeper 4.31% annualized quarterly
contraction in the first quarter. Year-to-year, first-quarter GDI declined by 3.11%
(previously down 2.94%), versus a 2.16% contraction in the fourth quarter.
http://www.shadowstats.com
The Fed’s balance sheet declined $58.5B due to a $53.758B decline in the
‘Term Auction Credit’ and a
$28.692 decline in ‘liquidity swaps’. The Fed monetized $30B of securities.
The WSJ editorial believes Obama’s climate bill, Cap & Trade, will be the
largest tax increase in history.
The hit to GDP is the real threat in this bill. The whole point of cap and trade is
to hike the price of electricity and gas so that Americans will use less. These higher
prices will show up not just in electricity bills or at the gas station but in every
manufactured good, from food to cars. Consumers will cut back on spending, which in
turn will cut back on production, which results in fewer jobs created or higher
unemployment. Some companies will instead move their operations overseas, with the
same result.
The Chicago Tribune editorial on Cap & Trade: Remember that gargantuan
climate change bill we told you about last week? It's gotten bigger. Over the weekend,
the bill grew from 946 pages to 1,201 pages, according to the Sunlight Foundation. It's
still changing, with important amendments in flux.
But Democratic leaders in the House say they'll push for a vote on the bill as
early as Friday. They think they can pass it. This is an incredibly expensive
undertaking. If anyone in Congress tells you that he has read and completely
understands this bill, and can explain exactly how the system to reduce carbon
emissions would work and what its effects would be, he's lying. [Don’t waste a good
crisis, indeed!]
The Baltic Dry Index has tanked 9% since last Friday. When it surged, the
usual suspects trumpeted the rally as a sign of economic rebound, even though it was
mostly China stockpiling commodities. Now that it has declined sharply, permabulls,
Street shills and media hucksters are ignoring it.
*****
America's "Bases of Empire"
by Stephen Lendman
http://sjlendman.blogspot.com/
*****
Bankster “Holiday” Planned for September?
http://www.infowars.com/bankster-holiday-planned-for-september/
*****
What is Dignity?
Cynthia McKinney
http://www.youtube.com/watch?v=yfb15ySoAVQ
*****
Saudi royals funded 9/11: Lawyers
http://www.presstv.ir/detail.aspx?id=98952§ionid=3510203
11
*****
FAQs Regarding Report of Foreign Bank and Financial Accounts (FBAR)
http://www.irs.gov/businesses/small/article/0,,id=148845,00.html
*****
Muslim Demographics
http://www.youtube.com/watch?v=6-3X5hIFXYU
*****
Brent Scowcroft: US Has Spies On the Ground in Iran
http://rebelreports.com/post/129610205/brent-scowcroft-us-has-spies-on-the-ground-in-iran
*****
Freedom Watch 20 is Posted - Ron Paul, Michael Shanklin, Gary Johnson, David
Boaz, Lew Rockwell, Wayne Root
http://www.breakthematrix.com/node/36809
*****
Goldman Sachs - The Great American Bubble Machine
In Goldman Sachs Ruler of the World I talked about the way Goldman Sachs seemed
to be so suspiciously lucky with their timing and the way regulations (or the lack therof)
seem to always work in their favor. Matt Taibbi has written an article for Rolling
Stone magazine that is so spot on I can’t really add much to it. All I can say is it’s a
must read if you think you understand the twists and turns of the American economy
for the past 50 years. My favorite line in the article is “If America is now circling the
drain. Goldman Sachs has found a way to be that drain”.
The article is very detailed and well researched. Not for the faint of heart. Read it,
educate yourself, and see how you feel on the other side.
http://www.scribd.com/doc/16763183/TaibbiGoldmanSachs
*****
12
What the Big Banks Have Won
Regulatory Capture
by Mike Whitney
http://www.globalresearch.ca/index.php?context=va&aid=14119
*****
From a Fellow subscriber:
Timeline on oil in Afghanistan Thought you might want to see this---you may have
already. Not all links work. http://www.ringnebula.com/Oil/Timeline.htm Keep up the
good work! I rely on your interviews so much and purchased a short wave radio from
Amazon.com -- I also purchased all books on your reading list - got them all! Shared
Secret Terrorist; thus far with co-worker. I don't trust anything now, and the Metro
wreck in DC killed Gen David F. Wherley, Jr. who gave the order for the planes to fly
over DC on 9/11 during the attacks. Terrible. Something weird about that whole
situation and I hate to think of what the poor driver (Jeanice McMillian) had on her
facial expression on impact after the e-brake didn\'t work. By all accounts, she was a
great human being. Could have been anyone of us killed. I don't ride in the last train
car any more like I used to.
*****
http://www.youtube.com/watch?v=-pFdtNJ9vIw&NR=1 <http://www.youtube.com/watch?v=-
pFdtNJ9vIw&NR=1>
13
Came across it again!
Part 2:
http://www.youtube.com/watch?v=_Nlf154HECA&fmt=18
<http://www.youtube.com/watch?v=_Nlf154HECA&fmt=18>
Part 4
This dodgey bankster approached,
http://www.youtube.com/watch?v=PsCJBDcL4UE&feature=related
<http://www.youtube.com/watch?v=PsCJBDcL4UE&feature=related>
Take care and please keep up the good work, our futures and bloodline is at stake!
More people need to wake up and avoid a total disaster much worse than 9/11! Just
have a look what they did to Rhodisia and now South Africa!
Hi Bob—rumor has it that the: 9-11 PLANE holograms that were project on the WTC
on 9-11 were designed and created by Zebra Imaging Corporation using their "in plane
photonics." — as such the 9-11 attacks were a 100% home grown Wall Street —
Zionist illuminist financier operation from A-Z—as per your constant reporting in the IF
and on the radio — “THESE ILLUMANISTS—ARE CRIMMINALY INSANE—
CRIMMINALY STUPID—AND CRIMMINALY SELF DESTRUCTIVE” — the link to the
Zebra Imaging Corporation—is below.
(http://www.zebraimaging.com/html/management.html)
*****
14
COMMODITIES
The DOE crude oil inventories fell 3.87 m/b, as gasoline rose 3.87 m/b and
distillates rose 2.08 M/B.
Natural gas inventories rose 94 BCF.
*****
Iraq opens fields; Exxon, Shell seek foothold – mission accomplished….
http://businessmirr or.com.ph/home/w orld/12333-iraq-opens-fields-
exxon-shell-seek-foothold.html
*****
GOLD, SILVER, PLATINUM AND PALLADIUM
On Wednesday gold rebounded for the second day in a row, up $10.10 to
$933.90. The August contract was $2.60 higher. Silver rose $0.08 to $13.88, as July
traded $0.06 weaker. The shares had another good day. AEM rose 4.65%, or $2.38 to
$53.52; GG rose 2.87%, or $0.98 to $35.17; SSRI rose 3.67%, or $0.66 to $18.65 and
MFN rose 3.95%, or $0.07 to $7.10. Gold open interest fell 4,623 contracts to 370,347,
as silver OI fell 1,145 to 205,669. The XAU rose 3.99 to 140.37 and the HUI gained
11.08 to $342.83. Thus far the June Comex gold contracts have delivered 222% of
total dealer inventory. Total silver deliveries stand at 5.2 M/oz. we believe that the
Comex may soon stop physical delivery of gold and silver contracts. GLD reports gold
inventory of 1,104 tons. If you believe that I have a bridge you might be interested in.
This is a massive cover up and eventually lots of people are going to jail for what they
have done. It is obvious to us that the US government is using GLD’s inventory to stem
gold prices. They may only have 10% of what they say they have, what a fraud. As
well there is no IMF gold – it has been sold. It is all about short covering. Why do you
think Germany cannot get their gold from the US and Dubai cannot get theirs from
London, it has been sold.
The yen fell .0047 to $.9567; the euro fell .0164 to $1.3921; the pound fell
.0036 to $1.6414; the Swiss franc fell .0280 to $1,0989; the Canadian dollar fell .0010
to $.8688, that is off $0.04 in nine business days and the USDX rose .71 to 80.55.
Oil fell $0.86 to $68.37; gas fell $0.05 to $1.85 and natural gas fell $0.11 to
$3.78. Copper rose $0.06 to $2.26; platinum fell $0.50 to $1,164 palladium fell $0.85 to
$236.15 and the CRB rose .04 to 249.84.
On Thursday spot gold rose again, up $5.10 to $939, as the August month
traded up $5.20 to $5.80. Silver was up $0.11 at $13.99. July was up $0.10. gold open
interest rose 8,351 contracts to 378,698, as silver OI fell 972 to 104,727. Spot silver is
still trading $0.03 higher than July futures, which means it is in tight supply. The HUI
rose 16.97 to 359.80 and the XAU rose 5.75 to 146.12. AEM rose 3.92%, or $2.10 to
$55.62; GG rose 4.55%, or $1.60 to $36.77; SSRI rose 5.36%, or $1.00 to $19.65 and
MFN rose 3.38%, or $0.24 to $7.34.
The yen fell .0016 to $.9582; the euro rose .0061 to $1,3982; the pound fell
.0051 to $1.6363; the Swiss franc rose .0039 to $1.0942; the Canadian dollar fell .0052
to $.8636 and the USDX fell .19 to 80.36.
Oil rose $1.65 to $70.32; gas rose $0.06 to $1.90 and natural gas rose $0.11 to
$3.88. Copper rose $0.05 to $2.32; platinum rose $22.10 to $1,190 and palladium rose
$7.95 to $244.90. The CRB index rose 3.54 to 253.38.
This week the ECB injected $618 billion into eurozone banks, emulating what
the Fed has been doing massively in the US. They are also making available unlimited
one-year loans at 1%. This caused the gold price in euros to increase to $916 an
ounce.
15
If for no other reason than to have it available we believe the Central Bank
Gold Agreement will be renewed in September, especially since the US has approved
the sale of IMF gold.
In retrospect the sale of gold by European banks has been a big loser. They
have sold 2,500 tons since 9/99, and lost billions of dollars and they keep right on
selling. It is obvious money wasn’t the objective. It was the suppression of the price of
gold. All those funds have been spent and these eurozone countries have had to
simulate their economies to keep them from collapsing, - what geniuses.
On Friday spot gold rose $1.70 to $940.70. August was $1.00 lower. Spot silver
rose $0.13 to $14.12 and July was $0.08 lower. The shares were off slightly. The HUI
fell 6.58 to 353.22 and the XAU lost 2.32 to 143.80. The physical market in London
was $943 at the first fixing and $942 at the second. Gold open interest rose 1,585
contracts to 380,283, as silver OI fell 1,085 to 103,642. The gold commercial shorts on
Comex on Tuesday showed a net short reduction of 12,938 contracts. Rumor has it
that China is in the market for $80 billion in gold. We were also told by two sources
that after waiting a month for Comex to deliver gold bars, which they received, the mint
marking said they were from the Canadian Mint. The missing Canadian gold could
have been delivered to Comex to cover a naked short. That sounds logical.
The yen rose .0074 to $.9514; the euro rose .0091 to $1.4073; the pound rose
.0175 to $1.6538; the Swiss franc rose .0108 to $1.0814; the Canadian dollar rose
.0042 to $.8683 and the USDX fell .50 to 79.90.
Oil fell $0.83 to $69.40; gas fell $0.02 to $1.87 and natural gas rose $0.11 to
$3.95. Copper fell $0.02 to $2.28; platinum fell $16.50 to $1,207, and palladium rose
$2.75 to $247. The CRB fell 2.70 to 251.31.
The Dow fell 34 to 8438; S&P fell 13 and Nasdaq rose 54 Dow points. The 10-
year T-note fell to 3.51%.
*****
China Should Buy gold to Hedge Dollar Fall: Researcher
http://www.cnbc.com/id/31535631
*****
16
triggered some of my (hopefully) interesting comments. Among other things, Mr. Dalio
stated that a recession differed from a depression not merely in degree, but in kind. In
other words, a recession is not a depression on steroids. There are fundamental
differences.
17
Likewise, lenders don’t want to make loans. Suppose you had $100,000 that
you could loan but you knew that (thanks to deflation) that $100,000 was sure to have
$105,000 in purchasing power by next year. Why would you want to assume the risk
of lending that $100,000 to someone who might die or go bankrupt during the next
year? Thanks to deflation, there is virtually no risk in simply holding your money and
refusing to make loans.
Result? Deflation causes consumers to stop borrowing and lenders to stop
lending. For a credit-based, consumer-oriented economy, that’s death.
Thus, a recession differs from a depression in this regard: During a recession
there is still some positive inflation. During a depression there is “negative inflation”—
price deflation.
During a period of price deflation (exactly what is happening now), the
federales will attempt to “stimulate” the economy by causing monetary inflation. The
feds will increase the supply of currency in circulation in order to (as now) offset price
deflation. When the currency is plentiful, it becomes “cheap” and consumers are
willing spend, willing to borrow and lenders are compelled to lend. The economy is
thereby stimulated and perhaps even saved.
That strategy might work just fine if we had an economy that was based on
production rather than consumption. If the USA were still a productive powerhouse,
monetary inflation would offset price deflation and probably “jump start” the economy
back into the “healthy” range of price inflation.
But it’s estimated that 70% of our economy is based on consumption rather
than production. It’s likewise well-known that much of this consumption has been
implemented by the credit cards that make impulse purchases possible. Because our
economy is almost entirely based on credit, it is extraordinarily vulnerable to deflation.
Once the lenders realize they can safely increase their wealth without
assuming the risks attendant to all loans, they stop lending. And that’s exactly why the
banks—despite receiving billions from the Obama administration—have essentially
refused to lend that money to the public.
The banker’s unwillingness to lend is now reinforced by the consumer’s
unwillingness to borrow. Consumers’ don’t want to borrow $100,000 today if they’ll
have to repay the equivalent of $105,000 in purchasing power next year.
If bankers don’t want to lend and consumers don’t want to borrow, how can a
credit-based economy be “stimulated” back into growth? The Fed is faced with an
extremely difficult problem somewhat akin to having led a horse to water only to
discover that the horse not only refuses to drink, it even refuses to pee. The “horse”
has turned into a freakin’ camel. The economy can’t run on camel-power. These
“camels” have suddenly learned to get by on what they need rather than what they
want. Camels don’t make impulse purchases. Camels don’t buy on credit. Camels
don’t make loans. Result? Economic activity falls and the economy declines deeper
and deeper into price deflation and depression.
This illustrates the fundamental problem facing the Obama administration: How to get
all those billions of dollars into circulation. Give a billion to the bank and it won’t lend it.
Give a billion to me, and what do you think I’d do? I’d spend a little, but in this
economy, I’d probably save at least $990 million.
Government is confronted by a surprising and (from gov-co’s position)
unfortunate truth: the American people aren’t as dumb as most people think. Most
Americans aren’t dumb enough to loan money in this economy. Most Americans
aren’t dumb enough to borrow money in this economy. In a matter of months,
America’s savings rate has gone from a minus 0.3% to a positive 5%. The
American people may not be economically sophisticated, but they have a fine
18
instinctive grasp of their own self-interests. They don’t give a damn about the
“economy”. They care only about themselves and their family. During periods of
inflation, they borrow and spend. During periods of deflation, they earn and save.
Period.
Today, Obama can lead the American consumer to a water hole (easy money)
but you can’t make him consume any “water”.
“But now you can ask yourself, OK, when was the last time bank stocks went
down so much? When was the last time the balance sheet of the Federal
Reserve, or any central bank, exploded like it has? When was the last time
interest rates went to zero, essentially, making monetary policy as we know it
ineffective? When was the last time we had deflation?”
And there (in “interest rates going to zero”) we glimpse one of the fundamental
difference between inflation (recession) and deflation (depression): interest rates.
Suppose the price inflation rate is 5% and the interest rate is 7%. The lender at
least makes 2% gain. Suppose the inflation rate rose to 20%. The interest rate could
be raised to 25% and the lender could still make 5%. The interest rate can always be
raised to match or exceed the price inflation rate and thereby ensure that the lender at
least makes “something”.
But interest rates can’t be lowered below zero per cent.
So what happens when a period of deflation (negative inflation) kicks in? So
far, they haven’t invented a means to openly allow the interest rate to become
negative. The interest rate can’t fall below zero percent. So, as the deflation rate falls
deeper and deeper into negative territory, taking or making loans become irrational to
the point of near impossibility. If the deflation rate is a minus 5% what is an
appropriate interest rate? A minus 3%? In other words, if you take a $100,000 loan,
the lender will pay you $3,000 a year? Interest rates can’t follow into the negative
territory of price deflation. As a result, loans during periods of depression/deflation
become extremely uncommon.
Once we slip into a period of price deflation, the incentive to make or take loans
disappears, consumers learn to “get by” with whatever they have, and the economy
grinds down to a subsistence level able to provide just enough for the consumers to
survive.
It’s all about the debt. “Debt restructuring” is a polite term for debtors telling
their creditors to “Go to hell!” The country “reaches the point when it needs a debt
restructuring” when everyone realizes the total debt can’t be paid and therefore won’t
be paid and must therefore be “restructured”—repudiated. “Debt restructuring” is what
happens when the debtors go to their creditors and say, “Sorry, Charlie, I don’t have a
19
freakin’ dime and there’s no way I will ever be able to repay my debts.” “Debt
restricting” means bankruptcy on an individual, corporate or even national level.
I don’t know that I’ve said it a hundred times, yet—but I know I’ve said it more
than once: What can’t be paid, won’t be paid. The total American debt is too big to
ever be repaid and therefore most of it won’t ever be repaid. Those of you who keep
20
your wealth in the form of paper debt instruments and intend to keep doing so for the
next three to five years may, on average, lose most of your assets.
If you want to preserve your wealth, abandon intangible, paper promises to pay
(debt instruments) and take payments (gold, silver or other tangibles).
For the best in pricing and service for gold and silver coins, call Melody at 1-800-
375-4188. Be sure to listen to DGSTC live on Short-wave 7.415Mhz M-F 4:00PM
ET, and 3.215 MHz M-F 11PM ET. Call 1-800-375-4188 or visit the Web site at
www.discountgoldandsilvertrading.net\main.htm
Discount Gold & Silver Trading Co. provides all forms of precious metals including gold,
silver platinum and palladium whether you are buying or selling. Our inventory includes
but not limited to the American Gold, Silver, Platinum Eagle and numismatic products
including rare, investment and circulated coins. Silver dollars, silver bars, rounds are on
hand for the silver investor. Foreign gold is also available. Call for information
regarding your precious metal gold and silver IRA. 1 800 375 4188
*****
EUROPE
New orders for manufacturers in the 16 nations that use the euro fell 35.5
percent in April from a year earlier, the EU statistical agency Eurostat said Thursday --
the sharpest drop so far this year.
Worst hit were orders for tools, parts and components sold on to other
manufacturers, down nearly 40 percent. Orders for cars and home appliances fell by
more than a quarter.
Orders in Germany, the European Union's largest economy fell 39.5 percent
Eurostat said euro-zone orders slipped 1 percent from March. Orders across the entire
27-nation EU in April fell 35 percent from the same month last year and 0.5 percent
compared to March.
Ireland’s banks face losses of as much as 35 billion euros ($49 billion) through
next year as the economy shrinks at an “unprecedented” pace, the International
Monetary Fund said.
Gross domestic product will shrink a cumulative 13.5 percent in the three years
through 2010 as the bursting of a decade-long property boom ripples through the
economy, the Washington-based lender said in a report late yesterday. The losses
envisaged are bigger than those forecast by the biggest Irish securities firms.
Bank of Ireland Plc and Allied Irish Banks Plc have the biggest share of bad
debts and will probably account for more than half of loans due to go into a proposed
bad bank, known as the National Asset Management Agency. Finance Minister Brian
Lenihan has said the agency will purchase as much as 90 billion euros in souring
property loans.
German consumer prices rose unexpectedly in June, defying expectations that
they would fall on an annual basis, preliminary data published by Destatis showed
Friday.
Prices rose 0.4% from May and were up 0.1% from a year earlier, according to
preliminary data based on estimates from six of Germany's largest federal states.
Spain's government approved Friday a EUR9 billion bank bailout fund as the
country's deepening economic recession threatens the solvency of many banks.
21
The plan was designed to facilitate a restructuring of the Spanish banking
sector, said Deputy Prime Minister Maria Teresa Fernandez de la Vega at a press
conference following the government's weekly cabinet meeting.
Spain's banks have so far weathered the global financial crisis relatively well,
but are now grappling with fast-rising bad-debt loads.
Spain's economic outlook has increased the need for government action. The
Organization for Economic Cooperation and Development on Wednesday made a
downward adjustment to its outlook for the country, saying it expects gross domestic
product to shrink 4.2% this year, compared with its previous forecast for a 0.9%
decline.
Swiss KOF Leading Indicator increases to -1.65 in Jun from -1.85.
Belgian consumer prices fell 1.1% on the year in June after falling 0.37% in
May, the country's economics ministry said Friday.
Inflation across the euro zone has slowed markedly in recent months or swung
to deflation, allowing the European Central Bank to cut interest rates aggressively. The
central bank's main rate now stands at 1.0%, down from 4.25% in early October.
Some ECB officials have warned, however, that inflation could rebound rapidly
when economic growth recovers, suggesting the central won't cut rates again.
The Austrian economy will contract more than previously predicted in 2009,
and grow only moderately in 2010, the Austrian Institute of Economic Research, or
Wifo, said Friday, attributing the worsened outlook mainly to poorer-than-anticipated
exports.
In 2009, GDP is now expected to contract by 3.4%, Wifo said, a downwards
revision from the 2.2% contraction forecasted in March this year.
Italian hourly wage growth registered its lowest rise in more than a year in May,
as salaries in some public sectors and military services registered zero or little growth,
statistics office Istat said Friday.
Hourly wages in May rose 3% on the year, slowing from a 3.5% rise in April,
Istat said. The 3% rise is the lowest since April 2008 when hourly wages grew 2.8%.
Hourly wages in May were flat on the month, compared with a 0.1% rise in
April.
The year-on-year rise in hourly wages is above the annual inflation rate, which
rose 0.9% on the year in May, it's lowest rise since 1968.
Foreign trade resulted in a net trade surplus of SEK9.5 billion in May 2009
according to preliminary calculations. This is a small decrease compared to May 2008
when the surplus was SEK9.6 billion.
The euro zone's economic contraction eased for the fourth straight straight
month in June, data from the Centre for Economic Policy Research and the Bank of
Italy showed Friday.
The CEPR said its EuroCoin indicator rose to -0.61 in June from -0.89 in May,
indicating that the euro-zone economy continued to shrink but at a slower pace than in
the first quarter.
"This is the fourth consecutive increase, reinforcing the view that underlying
growth in the euro area bottomed out in the first quarter of this year," the CEPR said.
According to official statistics, the euro zone's gross domestic product fell by a
record 2.5% in the first quarter of this year, having contracted by 1.6% in the final
quarter of 2008.
Compared to the first quarter of 2008, GDP was down 4.8%. According to the
CEPR, the EuroCoin reading for June is consistent with a year-on-year contraction of
2.5%.
22
French gross domestic product contracted by 1.2% in the first quarter of this
year, compared with the last quarter of 2008, according to final results released by the
national statistics office Friday, confirming earlier data.
Quarter-on-quarter, GDP fell 1.2%, the third worst decline on record after the
spring of 1968, when France was brought to a halt by the May strikes, and the winter
of 1974, when the global oil shock ravaged the economy.
*****
Swiss franc down on central bank intervention talk
http://www.forbes.com/feeds/ap/2009/06/24/ap6582115.html
*****
First picture of kidnap gang pensioner who abducted financial adviser after he
lost £2m savings
http://www.dailymail.co.uk/news/worldnews/article-1194891/Pensioners-kidnap-
financial-adviser-lost-2m-batter-Zimmer-frames.html
*****
ENGLAND
Almost half of U.K.-based foreign professionals are considering leaving as they
endure rising living expenses and the recession, more than in any other country, a
survey by HSBC Holdings Plc showed.
Forty-four percent of expatriates in Britain are contemplating moving,
suggesting the U.K. doesn’t live up to the name of the “Britain’s Got Talent” television
show, HSBC said today in a survey of more than 3,100 people who don’t live in their
home nation. The bank didn’t define an expat.
“Worldwide, 74 percent of respondents claim to have increased disposable
income since becoming expats, yet this figure falls to just 47 percent of expats in the
U.K.,” HSBC said in a statement. “The U.K. remains one of the most expensive places
for expats to live -- and the recession has taken its toll.”
Britain’s worst economic contraction since 1979 has already pushed up
unemployment, and the pound’s 17 percent drop against the dollar in the past year has
also curbed the value of expats’ U.K. earnings. Business failures will rise to a record
this year, BDO Stoy Hayward LLP said in a separate report today.
The U.K. recession will be worse than originally forecast this year, the
Organization for Economic Cooperation and Development said today. It predicts a 4.3
percent contraction in 2009, compared with a March forecast of 3.7 percent.
We can think of no major economy, save the US, that has been more
mismanaged than that of England. Government spending has spiraled out of control
and gilts, Treasuries, are headed for 10% yields. Prices are rising at an official 2.4%;
when in reality it is double that. The OECD has forecast 2009 growth at minus 4.3%.
The damage being done, like in the US, will be horrendous, especially on retirees and
those on fixed incomes who have diligently and patiently saved. Inflation is going to
destroy them.
Part of this is a result of gold price suppression. Gordon Brown sold and leased
all of England’s gold.
23
*****
Ministry of Defence blocks Wikileaks
http://www.guardian.co.uk/uk/2009/jun/25/wikileaks-blocked-ministry-defence
*****
ASIA
Satyam Computer Services Ltd.’s 8,500 employees placed on a so-called
“virtual pool” may have their positions eliminated in six months if the company fails to
find them work, Executive Vice Chairman Vineet Nayyar said.
“We are hoping that this doesn’t happen, that things will pick up, but yes, there
is a possibility,” Nayyar, former chief executive officer of Satyam’s new owner Tech
Mahindra Ltd., said in a telephone interview today.
JAPAN
Japan’s consumer prices fell at a record pace in May, adding to the risk that
deflation will become entrenched and hamper a rebound from the nation’s worst
postwar recession.
Prices excluding fresh food slid 1.1 percent from a year earlier after dropping
0.1 percent in the preceding two months, the statistics bureau said today in Tokyo. It
was the sharpest decrease since comparable figures were first compiled in 1971.
Bank of Japan Governor Masaaki Shirakawa said last week that price declines
will accelerate through the middle of the fiscal year as demand slackens and crude oil
continues to trade lower than last year’s record. Retailers including Aeon Co. are
cutting prices to attract customers as falling wages and the worsening job outlook
damp spending.
HEALTH
HOW TO AVOID HEADACHES
If this economic global meltdown doesn’t give you a headache, I don’t know what will.
I’ve written about headaches before, however this article will inform you with some
clever ideas on how to diminish or avoid having headaches. Over 45 million Americans
(that is one in six people) have chronic headaches, which have a significant economic
impact. Many believe that no matter what kind of headache you have; sinus, tension,
stress, cluster or migraine that they are triggered by foods. So, let’s explore the diet-
induced headache.
RUNNER UP – CLUSTER
The characteristics of the cluster headache are a deep, stabbing pain near the temple
or eye. Cluster headaches sometimes give the individual a stuffy or runny nose,
tearing red eyes with a droopy eyelid. These headaches last about 30 to 60 minutes,
often disrupt the person’s sleep and occur several times a day in a cluster. Sometimes
24
cluster headaches can last for days or months and go away again for weeks, months
or years. More men then women experience this type of headache.
YOUR DIET
You can control your diet because food is most significant headache provoking factor.
Dr. David W. Buchholz of the Neurological Consultation Clinic at John Hopkins
University Hospital says you can avoid certain food combinations that can overwhelm
your brain’s regulatory mechanisms. For instance, red wine alone may not trigger a
headache but pair it with blue cheese or stress and you could develop a migraine. One
piece of chocolate may not set off a headache but a whole candy bar or box of
chocolate can. Heads up! Your headache may not kick in right away and can show up
a day later. Therefore, keeping a food journal is necessary to pin down the offending
foods.
OFFENDING FOODS
Avoid foods containing tyramines (amino enzyme) and nitrite, which trigger neural and
blood vessel changes creating headaches. Chocolate, cola drinks, aged cheese,
cottage cheese and beer all contain tyramines. Other foods are; aavocados and
overripe fruit or dried overripe fruit, eggplant, figs, grapes, oranges, pineapple, plums,
prunes and raisins. Processed foods also contain high tyramine and nitrite levels.
Beware also of the Australian specialty Vegemite, sauerkraut and shrimp paste. Now
for the meats; processed, pickled and cured meats (game birds & wild animals)
contain high levels of tyramines. Stay away from fermented soy products such as soy
sauce, tofu, miso and teriyaki sauce. If you overdo eating nuts (peanuts, coconuts,
Brazil nuts) these may trigger hypertension and a headache. Yeast and sour dough
are also a known trigger food. Some vegetables can create a problem such as lima
beans, broad beans, navy beans, pea pods, onions and fava beans. Aspartame is
particularly a problem for headache sufferers. Also, Dr. Joel Saper of Michigan State
University Neurological Institute says that milk is a major food trigger for migraines.
However, Dr. Buchholz believes that the biggest trigger is caffeine. Beware, some
25
foods with no reputation as a trigger, such as cinnamon, can cause a headache. So,
keep a food journal.
ANTIDOTE FOODS
Since headaches are blood vessel related and also influenced by inflammation, certain
foods can help counteract the pain via the prostaglandin system. Foods such as fish oil
and ginger root have been helpful. Dr. James Breneman (a food and allergy expert)
says that three-fourths of all headaches are food related. People who restrict their use
of trigger foods cut the headaches by as much as 85%. Denmark discovered a
centuries-old antidote for headache, nausea and nervous disorders. Dr. Krishna
Srivastava at Odense University tested ginger root and found it worked like aspirin and
migraine drugs. Ginger they found affected the prostaglandins (hormone substance)
that control inflammation, histamine and pain. Ginger root actually blocks
prostaglandins, which reduces inflammation and pain. At the first sign of a headache
or visual disturbance a test group took ginger root (1/3 tsp) three to four times a day
and it had significant benefits. The study concluded that both adults and children can
safely use ginger root to prevent headaches.
THINGS TO AVOID
Some known causes that can set off headaches other than foods are; neck, shoulder
and back muscle strain, drugs, coughing or sneezing, eye strain, smoke or chemical
fumes, medical procedures such as a spinal tap, dental problems such as grinding
teeth or a root canal and anything that would change the neurotransmitter brain
chemicals.
AMA TREATMENTS
The medical establishment has OTC and prescribed drugs to offer. Stress
management techniques and massage therapy may also be recommended. On rare
occasions alternative therapies may be mentioned.
26
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27
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*****
Journalist Files Charges against WHO and UN for Bioterrorism and Intent to
Commit Mass Murder
http://www.naturalnews.com/026503_pandemic_swine_flu_bioterrorism.html
*****
http://www.valleyoflongevity.com/
*****
28
http://www.who.int/csr/resources/publications/influenza/FluCheck6web.pdf
There is no forensic evidence showing the H1N1 virus as the direct cause of death in
those who have died after contracting the virus (144 to date). The majority of deaths
are caused by pre-existing complications and auto-immune deficiencies. Countries
with low quality of health have the greatest number of fatal cases. Based on the Center
for Disease Control's own guidelines H1N1 related symptoms are virtually
indistinguishable from those of the common seasonal flu, and severity is comparable
to mild seasonal flu,
'The symptoms of this new H1N1 flu virus in people are similar to the symptoms of
seasonal flu and include fever, cough, sore throat, runny or stuffy nose, body aches,
headache, chills and fatigue. A significant number of people who have been infected
with this new H1N1 virus also have reported diarrhea and vomiting. The high risk
groups for novel H1N1 flu are not known at this time but it's possible that they may be
the same as for seasonal influenza. People at higher risk of serious complications from
seasonal flu include people age 65 years and older, children younger than 5 years old,
pregnant women, people of any age with chronic medical conditions (such as asthma,
diabetes, or heart disease), and people who are immunosuppressed (e.g., taking
immunosuppressive medications, infected with HIV).'
http://www.cdc.gov/h1n1flu/sick.htm
GlaxoSmithKline are the major Pharmaceutical developers behind the H5N1 Avian Flu
vaccine. Given the fact the new H1N1 strain is an Avian/Swine/Human hybrid it is likely
this component will be used as part of the 3 shot regime,
'GSK's proprietary adjuvant is called ASO4. It contains alum and MPL. MPL stands for
monophosphoryl lipid A. The U.S. Army's proprietary (unlicensed) adjuvant developed
prior to the first Gulf War for use in a second generation anthrax vaccine was called
Tri-Mix or Triple Mix. Tri-Mix contained MPL (monophosphoryl lipid A) and squalene.
After the war, Army scientists considered MPL to be too toxic, so they began working
with Chiron Corporation of Emeryville, CA to develop an adjuvant that contained
squalene and water only ... on the assumption that adjuvant toxicity with Tri-Mix was
due to MPL. This assumption also proved incorrect. There are more than two dozen
animal studies that generated data demonstrating squalene's ability to induce
autoimmunity; and there is disputed evidence that nanodoses of squalene in anthrax
vaccine sickened countless military personnel who received squalene-tainted vaccine
during AVIP. MPL was also a component of the Ribi Adjuvant System. The Ribi
Adjuvant System, or RAS, is a derivative of Tri-Mix, which is approved for use in
animals only. There is no existing data showing whether MPL elicits an immune
response specific to it. If MPL is immunogenic, it raises the possibility of a dangerous
"cross reaction." The human body is full of lipids. Antibodies and immune cells
responding to MPL might also respond to other lipids in the body, thus breaking
tolerance for endogenous lipids (those native to the human body) and initiating
autoimmunity.' Gary Matsumoto - Journalist/Author of Vaccine A
http://www.whale.to/vaccine/secret_adjuvant.html
The risk of a widespread outbreak of Gulf War Syndrome amongst the general
population is inevitable - assuming the same H5N1 squaline adjuvant is utilized on
H1N1 (Adjuvants are pharmacological or immunological agents that modify the effect
of other agents). Further the vaccine administered produces little antibody response.
29
Therefore it requires 12 times the normal dose in order to be 'effective'. Such a gamble
where our lives are concerned is non-negotiable.
'The swine flu outbreak is going to benefit one of the most prolific and successful
venture capital firms in the United States: Kleiner, Perkins, Caufield & Byers. Share
prices have already risen for two of eight public traded companies in the firm's portfolio
of Pandemic and Bio Defense investments. BioCryst, up more than 26 percent, to
$2.21 per share, and Novavax, maker of viral vaccines, escalated 75 percent to $1.42
per share on the first announcement of the swine flu outbreak in Mexico.'
http://drtenpenny.com/swine_flu.aspx
The lack of sufficient testing on this experimental vaccine raises many concerns. There
is no criteria on its efficacy or valid statistics to speak of,
H1N1 is an entirely unique strain, never seen before with all the hallmarks of a
laboratory-produced designer virus,
During the 1976 Swine scare the Swine Flu vaccine itself killed hundreds & sickened
countless others,
'Only young Lewis (19-year-old Pvt. David Lewis of Ashley Falls, Mass) died from the
swine flu itself in 1976. But as the critics are quick to point out, hundreds of Americans
were killed or seriously injured by the inoculation the government gave them to stave
off the virus.'
http://www.capitalcentury.com/1976.html
The United Nations which overseas the WHO has been implicated in the promotion of
live viruses & eugenics-type sterilization programs throughout the past, based on
30
verifiable data. We will not be their guinea-pigs any more. We unanimously uphold this
decision. The onus then is on the WHO to prove its own safety record. Any reports or
rebuttals issued by them are subject to an independent investigation by council of our
choosing,
It followed a 1972 report issued by the World Health Organization which referred to a
virus requested which would selectively destroy the Human T Cell System. It sighted
countries as targets for "initial population reduction experimentation to be implemented
around the year 2000". They identified India, Bangladesh, Pakistan, Nigeria, Mexico,
Indonesia, Brazil, Philippines, Thailand, Egypt, Turkey, Ethiopia & Columbia for study.
Which co-incidentally shortly preceded the outbreak of Aids in Africa, America &
elsewhere. The determining factor most common in Aids victims is the breakdown of
the T Cell System in the body. Another coincidence.
http://whqlibdoc.who.int/bulletin/1972/Vol47/Vol47-No2/bulletin_1972_47(2)_211-
227.pdf
In addition to the viral and bacterial RNA or DNA that is part of the vaccines, here are
the fillers:
aluminum hydroxide
aluminum phosphate
ammonium sulfate
amphotericin B
animal tissues: pig blood, horse blood, rabbit brain,
dog kidney, monkey kidney,
chick embryo, chicken egg, duck egg
calf (bovine) serum
31
betapropiolactone
fetal bovine serum
formaldehyde
formalin
gelatin
glycerol
human diploid cells (originating from human aborted fetal tissue)
hydrolized gelatin
monosodium glutamate (MSG)
neomycin
neomycin sulfate
phenol red indicator
phenoxyethanol (antifreeze)
potassium diphosphate
potassium monophosphate
polymyxin B
polysorbate 20
polysorbate 80
porcine (pig) pancreatic hydrolysate of casein
residual MRC5 proteins
sorbitol
sucrose
thimerosal (mercury)
tri(n)butylphosphate,
VERO cells, a continuous line of monkey kidney cells
washed sheep red blood cells
These additives are given without public knowledge or consent. Merck, the monster
pharmaceutical giant in the US produces the vast majority of vaccine supplies & are
protected from prosecution by Federal Statutes imposed under the former Bush
administration.
4) RE-CYCLED ANIMAL TISSUE (multiple) - the building blocks of Mad Cow Disease
32
7) PHENOL - a highly toxic disinfectant dye, attributed to liver, kidney, heart &
respiratory damage
9) THYMEROSAL (MERCURY) - This additive alone was the catalyst for another
recent Class Action Lawsuit organized by mothers of children born with Autism & the
many related behavioral disorders associated with it. Autism is now occurring at levels
never seen before in history, 1 in 67. The average used to 1 in 20,000.
Dr. William R.Deagle MD, ABFP, AAPM, SSPM, ACOEM, CIME, ACO -
www.nutrimedical.com, www.clayandiron.com
Injunction Against Forced Vaccinations
http://mail.google.com/mail/?ui=1&view=att&th=121da8941cfb26c2&attid=0.1&disp=va
h&zw
Dr. Andrew Moulden PhD, B.A, M.A. Creator of Brainguardmd.com, Leader of Class
Action Suit Against Vaccine Manufacturers
Dr. Mayer Eisenstein MD, JD, MPH, Author of 'Don't Vaccinate Before You Educate!'
We also proudly carry the signatures of current & former Armed Service Members and
countless other patriots throughout the world community who have joined together in
support of this campaign.
This petition is a rally cry to all those in favor of exercising our inherent right to self-
determination. Please join our brave campaign which will ultimately enable us to
challenge our elected Governments to defend our inherent right to choose. Thank you
all!!!
33
UPDATE: We can't expect the World Health Organization to recognize the validity of
this Petition alone. Similarly our elected Governments & Courts routinely refute online
Petitions. That is why I believe we have to adopt an alternate approach to ensure our
voices are heard - Traditional hand-to-hand signed Petitions verifiable in any Court of
Law. We need to work collectively to achieve our goal on schedule. Is this asking too
much? I hope not. Can everyone paste a clean copy (copies) of the Petition and get it
out there. You'll also require a tally sheet for multiple signatures. Just copy & paste via
the links provided below. It should be pretty straightforward. There are many locations
in which to get this Petition seen & signed: coffee rooms, cafeterias, bulletin boards,
events, all around the office, libraries, churches, synagogues, school campuses,
hospitals, gyms, bookstores, fence posts. Please be consistent by keeping track of the
numbers tallied. A good idea might be posting several sheets per location.. We'll have
to decide on a central depot to receive all these forms once we have the numbers
accumulated. Totals will be re-circulated back to you to serve to your respective
Representatives. In the end we can answer all the typical naysayers, cynics &
inevitable Government bureaucracy with an overwhelming resounding response from
every country around the world. An event to rival the climax of 'Mr.Smith Goes To
Washington' in which Petitions flooding in from ordinary citizens changed history. I do
believe we can truly change history with an historic show of proactive peaceful force.
THANK YOU, THANK YOU, THANK YOU, THANK YOU, THANK YOU, THANK YOU,
THANK YOU ALL!!! Joel/founder VRM
"We can do this the easy way or we can this the hard way but it's going to have to get
done." - Glenn Ivey/Prince George's County State's Attorney/Maryland,USA on new
mandatory Vaccination Legislation imposed on Gr.5 - Gr.10 students to have Chicken
Pox & Hep B Vaccines
"When we give government the power to make medical decisions for us, we, in
essence, accept that the state owns our bodies." U.S. Representative Ron Paul
****
34
http://tinyurl.com/nyo77c <http://tinyurl.com/nyo77c>
http://tinyurl.com/clrcoq <http://tinyurl.com/clrcoq>
http://tinyurl.com/yjyrtn <http://tinyurl.com/yjyrtn>
http://tinyurl.com/lc575g <http://tinyurl.com/lc575g>
http://tinyurl.com/ojtxry <http://www.tinyurl.com/ojtxry> ;
http://tinyurl.com/ptvwy <http://tinyurl.com/ptvwy>
http://tinyurl.com/ld2pd2 <http://www.tinyurl.com/ld2pd2>
http://tinyurl.com/me5qoh <http://www.tinyurl.com/me5qoh> ;
http://tinyurl.com/nwp2us <http://www.tinyurl.com/nwp2us> ;
http://tinyurl.com/da6yre <http://www.tinyurl.com/da6yre> ;
http://tinyurl.com/2hshq5 <http://www.tinyurl.com/2hshq5> ;
http://tinyurl.com/3mbvn8 <http://www.tinyurl.com/3mbvn8> ;
http://tinyurl.com/lszk87 <http://tinyurl.com/lszk87>
http://tinyurl.com/lcbcex <http://tinyurl.com/lcbcex>
*****
This is absolutely hilarious, but the scary part about it is that it's
probably not too far away from being reality, providing Obama has his way with
socialized medicine, and digitizing medical records.
Want to know how to order a pizza in 2012?
Click the link and see.
Turn up the volume, listen closely and watch the pointer!
http://aclu.org/pizza/images/screen.swf
35
*****
From a Fellow Subscriber: Dear Bob
Thanks for corresponding with me. I am starting to connect some of the overlooked
financial dots. I pick up a piece here and a piece there and the puzzle is starting to
come together.
Throughout all history the bankers have repeated the same acts over and over again.
These acts are deception, cheating, lying and stealing. I am approaching seventy, an
amateur historian with a focus on the causes of war, tactics, US history, finance, race
and the causes of hate. I am a militant Christian of the old school. I look at events
spiritually, physically, mentally, emotionally, socially and financially.
There is a war being waged against mankind and we are right in the middle of it. There
is no middle ground and there are no grey areas in this war for the truth.
This is a summary of one of my studies. An end noted version will come as time
permits. I saved all my references. Here in the United States we have experienced
a number of financial disasters since our formation as a nation. Many come to mind,
for this commentary a couple stand out. They both have to do with
gold. The root cause was identical.
The recall of gold was precipitated by the banker game of printing more gold
certificates than gold then on deposit. The shell game of recalling gold and then raising
the official price of gold balanced the treasury books. Cancelling the Breton Woods
Agreement was the same kind of deal. There was too much paper gold floating
around in foreign markets. When International markets demanded real gold for paper
gold it did not take long for the fraud to surface and Nixon cancelled the Breton Woods
Agreement. By that time the whole world was hooked on the dollar and as the fiat
reserve currency. There was no alternative other than the full faith and credit
of the United States to provide a global currency, the dollar, to keep the wheels of
commerce turning. The first use of all new money is nothing but financial rape. We got
fat and the world supported our greed.
36
swaps, NINJA loans; ARM interest only loans, 40 and 50 year loans, etc. I have kept
asking myself what are toxic, off the books, financial banking instruments? I started to
get a picture a little over a year ago when talking to a realtor who purchased a rehab
property in 2007 to refresh and remarket. He sold the property one month after
purchasing. During the month while he was rehabilitating the property the note was
sold five times. When they entered escrow there was no record of the property being
sold or who the holder of the note was. It took weeks of digging to find the holder of the
note for closing and title insurance purposes. That got me to thinking.
I called the title insurance company who handled our home purchase back in 2005.
According to the title company the county records state I own my property outright.
There is no public record anywhere of who holds the note. Wells Fargo told me they
sold the note within 72 hours of closing. We still make our payment to Wells Fargo
because they service the loan. There is no telling who holds the loan on this property.
Last year we listed the property for sale. We also considered re financing. At that time
we were told by Wells Fargo that Fannie and Freddie would not accept the loan until
the property had been off the market for six months. Never
heard of such a thing. BTW... We are not in any financial distress on our loan.
Then I began to read on the Internet how home owners in distress were standing up to
banks in the courts demanding that they provide the original document as proof of their
legal standing to foreclose. Most banks cannot provide original documents only
falsified certified copies of original documents. Some Judges have been notifying loan
foreclosure attorneys not to come to court without original documents or they will be
found in contempt of court and fined.
Every time a bank creates a loan and those funds are deposited into the bank, the
bank can then create 8-9 more loans based on its increased liquidity. What if the
banks toxic, off the books, financial instruments are just plain fraud? Toxic means
deadly. Toxic to whom? One morning I asked the Lord just what was going on and the
Holy Spirit told me that the same loans were being sold more than once. I knew about
bundling loans for resale but that was not the HS was talking about. He was talking
about the same loan being sold more than once by the originating bank. Proof came a
few days later when I stumbled across articles about people who had filed bankruptcy
in 2007 and had been adjudicated bankrupt by the court, being foreclosed upon and
sued by a bank or investment company not named in their bankruptcy. Their bank had
sold the loan more than once. Their bank had insured the loan more than once. Their
bank had not recorded the loan with the
county. As I began a new line of research I discovered attorneys around the country
had encountered the same thing. People were being sued by banks and investment
companies they had never heard of. This is the toxic off the record paper banks are
holding. This is stuff they are selling to the FED and Treasury for full face value of the
note. (How much toxic paper are the 40 banks that have been closed this year
holding? Would their natural failure threaten
the whole racket? I do not have this answer yet, but I am looking.)
Last week I read an article where the VA had filed for foreclosure on a property that
had been sold several times. The current owner has been making payments on for
four years, never late. It turns out the current owner does not
have a valid certificate of title insurance. Wait a minute, this VA property has sold
several times. The VA sold this loan just like Fannie and Freddie. In the mortgage
37
industry the VA functions just like an Insurance company. They guarantee the loan. It
will all come out in court or the VA will walk away to avoid exposure criminal activities.
The VA will be required to present the original loan docs. The chances are they only
have certified copies.
Back to Catherine Austin Fitts. Catherine Austin Fitts developed a software application
would have disclosed the practice of selling multiples of the
same loan. That is the reason that the government seized the application before it
could be deployed. The Federal Government was a party to the second largest fraud
on the face of the earth. The fiat dollar is the largest fraud ever.
Many years ago I told my wife the United States would be attacked to destroy our infra
structure by one or more countries who know that they cannot win. Well most of our
manufacturing infra structure has moved overseas, closed down or has filed
bankruptcy. All that remains is for the commodities market to fail, the collapse of stock
market and the banking fraud to be exposed and toasted. Farming and ranching will
survive to collapse.
This mortgage fraud is more than 70 years old. The United States, England, Spain,
France, Germany and most of the industrialized world has participated in this fraud. I
have presented you with a new line of thinking. Just think, all the mortgage paper held
by any investment house or foreign treasury is smoke. It is fraud. The dollar and dollar
instruments have destroyed the financial world. Our government and many
governments have been a party to the fraud. Nations are dumping dollar denominated
holdings as fast as possible while trying not to create panic.
Side bar 1. Two years ago I spoke with a client. This man told me a true story on an
incident that involved him. He owns a schnauzer which he walks in the park every day
after work. One day he met a lady walking her schnauzer and they became good
acquaintances over time. On one of their walks he asked he what was her profession.
She told him she was a senior analyst for homeland security specializing in worst case
financial scenarios. He asked her if she thought the economy would ever crash. She
told him, it is not a question of if, it is only a question of when. She then told him it
would take 10-15 years to recover. He asked what would happen to the mortgages
and business loans. She said not to worry about that. He needed to concern himself
with surviving. Did he own a gun? No he replied. He grew up with guns but did not own
any. She told him to purchase a pistol, a rifle and a shotgun and to learn to use them.
Better yet to get professional training. He has since purchased a cabin in Maine near
his family and made appropriate purchases.
Bob, the government is planning for this collapse as well.
Side bar 2. My son is a heavy haul truck driver. On a trip through Texas he was being
escorted by THP and a local deputy. My son asked how the ammunition shortages
was affecting state and local agencies. The THP officer opened the
conversation stating that the downturn in the economy and the increased prices of
munitions had all but stopped their training. Orders were taking up to a year to arrive.
The local deputy made similar comments. They had been told to purchase as much as
they could afford on the open market. To stock up. They both stated that when the
SHTF they would be hunkered
down with their families for the duration. They each stated that they were purchasing
as much 22 as they could get their hands
on. The both stated that they believed that once the killing started it would be far worse
than any of us can possibly imagine. This conversation was picked up by many
38
ruckers and broadcast around the nation in April 2009.
Side bar 3. My sister works as a senior legal researcher for one of the world's largest
law firms. This firm is now going into their
4th layoff. It is my opinion that this firms primary mission is to bury the skeletons, etc.
Think Enron and the banks.
Demographics Maps Google Maps for Enterprise. Full licensing & support. Learn
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Closing comment, the bankers must collapse the economy in hopes they can bury
seventy plus years of banking fraud. Those that survive must be prosecuted. No
pardons.
Bob.... The amount of global mortgage fraud is many thousands of trillions. We are
facing famine, global collapse, engineered diseases and wars in the near future. In
January there were 1.7 months food in the US supply chain. The last time I checked
there were only 21 days or .7 month of food in the supply chain. Any disruption to the
just in time delivery of good spells disaster.
Jubilee is the only biblical answer. We must return to small family farms to survive.
This is the day the Lord has made and I shall rejoice and be gland in it.
Always enjoy reading your articles. Kindest regards,
*****
39
A friend went to hear Charles Krauthammer. He listened with 25 others in a
closed room. What he says here, is NOT 2nd-hand but 1st. You would do well
to read and pass this along to EVERYBODY that loves his country. This is VERY
serious for the direction of our country. The ramifications are staggering for us
& our children.
http://en.wikipedia.org/wiki/Charles_Krauthammer
<http://en.wikipedia.org/wiki/Charles_Krauthammer>
2. Obama has political skills comparable to Reagan and Clinton. He has a way of
making you think he's on your side, agreeing=2 0with your position, while doing the
opposite. Pay no attention to what he SAYS; rather, watch what he DOES!
3. Obama has a ruthless quest for power. He did not come to Washington to make
something out of himself, but rather to change everything, including dismantling
capitalism. He can’t be straightforward on his ambitions, as the public would not go
along. He has a heavy hand, and wants to ‘level the playing field’ with income
redistribution and punishment to the achievers of society. He would like to model the
USA to Great Britain or Canada.
4. His three main goals are to control ENERGY, PUBLIC EDUCATION, & NATIONAL
HEALTHCARE by the Federal government. He doesn't care about the auto or
financial services industries, but got them as an early bonus. The cap and trade will
add costs to everything and stifle growth. Paying for FREE college education is his
goal. Most scary is his healthcare program, because if you make it FREE and add
46,000,000 people to a Medicare-type single-payer system, the costs will go through
the roof. The only way to control costs is=2 0with massive RATIONING of services,
like in Canada. God forbid.
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5. He’s surrounded himself with mostly far-left academic types. No one around him
has ever even run a candy store. But they’re going to try and run the auto, financial,
banking and other industries. This obviously can’t work in the long run. Obama’s not a
socialist; rather he's a far-left secular progressive bent on nothing short of revolution.
He ran as a moderate, but will govern from the hard left. Again, watch what he does,
not what he says.
6. Obama doesn’t really see himself as President of the United States, but more as a
ruler over the world. He sees himself above it all, trying to orchestrate & coordinate
various countries and their agendas. He sees moral equivalency in all cultures. His
apology tour in Germany and England was a prime example of how he sees America,
as an imperialist nation that has been arrogant, rather than a great noble nation that
has at times made errors. This is the first President ever who has chastised our allies
and appeased our enemies!
7. He’s now handing out goodies. He hopes that the bill (and pain) will not ‘come due’
until after he’s reelected in 2012. He’d like to blame all problems on Bush from the
past, and=2 0hopefully his successor in the future. He has a huge ego, and Mr.
Krauthammer believes he is a narcissist.
8. Republicans are in the wilderness for a while, but will emerge strong. We’re ‘pining’
for another Reagan, but there’ll never be another like him. Krauthammer believes Mitt
Romney, Tim Pawlenty & Bobby Jindahl (except for his terrible speech in February)
are the future of the party. Newt Gingrich is brilliant, but has baggage. Sarah Palin is
sincere and intelligent, but needs to really be seriously boning up on facts and info if
she’s to be a serious candidate in the future. We need to return to the party of lower
taxes, smaller government, personal responsibility, strong national defense, and
states’ rights.
10. The election was over in mid-September when Lehman brothers failed. fear and
panic swept in, we had an unpopular President, and the war was grinding on
indefinitely without a clear outcome. The people are in pain, and the mantra of
‘change’ caused people to act emotionally. Any Dem would have won this election; it
was surprising is was as close as it was.
11. In 2012, if the unemployment rate is over 10%, Republicans will be swept back
into power. If it's under 8%, the Dems continue to roll. If it's between 8-10%, it’ll be a
dogfight. It’ll all be about the economy.
I hope this gets you really thinking about what's happening in Washington and
Congress. There’s a left-wing revolution going on, according to Krauthammer, and he
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encourages us to keep the faith and join the loyal resistance. The work will be hard,
but we’re right on most issues and can reclaim our country, before it's far too late
*****
SCHEDULED ISSUES
PLEASE NOTE: NO ISSUE THIS COMING WEDNESDAY, JULY 1, 2009
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