watermock
10-13-2009, 12:02 AM
http://www.globalresearch.ca/index.php?context=va&aid=15617
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http://www.globalresearch.ca/coverStoryPictures/15617.jpg
Exerpt:
We guess General McChrystal’s remarks and request for more troops must have touched a nerve in the shadow government, because the Illuminists dragged out old Illuminist war dog retired General Brent Snowcroft. Snowcroft tells us a retreat from Afghanistan would have catastrophic consequences for Pakistan. He connected the war in that region with terrorism in the US. He said the idea of pulling out troops isn’t on the table. Failure to leave behind a stable Afghanistan would jeopardize the counter-terrorism campaign. Snowcroft expressed concern about a general advocating his point of view publicly while administration deliberations continue.
We believe that there is major conflict in Washington over an escalation of the war. The Illuminists want the war widened and more aggressive. There is nothing intense and complex about the war. The US is the aggressor and the Taliban and others want them out. The plan isn’t going well for the elitists and that is why they want 300,000 troops and 200,000 mercenaries to suppress Afghanistan and occupy Pakistan.
Assertions by our elite in Afghanistan and Pakistan, as well as in our economy, have nothing to do with reality. Mr. Bernanke, Fed Chairman, will never admit that the greatest credit bubble ever has now burst and that $12.7 trillion in money and credit has done nothing but bailout banking and Wall Street. This is the same kind of financial and economic chaos we saw in 2000 and 2004, and was neutralized by a real estate boom created by the Fed. This time they are trying to keep the stock market up and that won’t last much longer.
Even with massive suppression and manipulation the Illuminists, as we have predicted for ten years, can’t keep the price of gold down. Gold is telling us that the Fed game is over, and a real gold market has emerged. We are now going to experience the antithesis. Americans are now realizing they are trapped in debt and they want out. People are finally realizing that we are in an inflationary depression. After they clear debt they will next buy gold and silver, the only safe place for their assets.
The elitists, by way of the G-20 and G-7 have let us know that the new reserve currency will be the SDR, Special Drawing Right, another fiat currency issued by the IMF. Of course, it is also the intention that SDR’s will replace gold and silver as money as well. What this means is that the US and other nations will be stripped of their sovereignty. The Fed and the G-20 believe raising interest rates will stop the rise of gold. They are wrong. If you look at higher rates you will see that gold rallies up to a certain point and then stops climbing higher after we are about 80% into the rise. The flip side is the higher rates in this case, as in 1981 to 1983, the economy collapses. Today it means the collapse of the entire system and depression for years to come. The Illuminists won’t do that until they have too, or are forced too. Central banks have always hated gold. It makes them honest and keeps them from creating endless money and credit. The bottom line is the price of gold will go much higher and the dollar will collapse and they know that. Higher interest rates could bring in more debt buyers, but a dollar flow into the US would add to inflation. Quite frankly the elites are faced with the worst of all worlds. The Fed and the Treasury are telling us that they are not going to let gold go higher. They are mistaken. They have too if they are going to allow the dollar to fall – albeit slowly. Slowly only delays the inevitable and will make the outcome more damaging. There is no such thing as a stable steady decline. The dollar has to be inflated and depreciated to prop up the banks and Wall Street. Government commitments are $105 trillion. It is impossible to fund such debt. That means the dollar has to be officially devalued when the USDX reaches 40. The reason why is revenues never reach outlays and that means that the debt can never be fully repaid. You might even call it a fraudulent system. At the heart of the situation is the fractional banking system controlled by the Federal Reserve that creates money and credit out of thin air, so that more money can be lent, so bankers can be paid off. This depreciates the value of money outstanding via inflation, which in turn robs people of their buying power. Some call this a tax on the people, which it most certainly is.
The secret plotting by China, Russia, France, Japan and the Gulf States to substitute a basket of currencies and gold for the dollar in trade is a natural course of events, which should have happened long ago. This is a step forward, but the big question is where are they going to invest their surpluses? If they do not want the dollar in trade then they won’t want it for investment, unless it is officially devalued and backed by gold. The world has 62.8% of foreign reserves in dollars, down from 64.5% six months ago. Show dollar erosion will be allowed for the next 1-1/2 to 3 years, but other nations are going to have to come to grips with the problem. The only solution is a meeting to devalue and revalue all currencies against one another and a world debt settlement between nations.
The dollar has been doomed since 8/15/71, when it left the gold standard. Currently it has a major balance of payments problem, massive amounts of bad assets, false bookkeeping, zero interest rates, public debt of 100% of GDP and the addition of money and credit running at 21%. In addition debt is massive.
.
http://www.globalresearch.ca/coverStoryPictures/15617.jpg
Exerpt:
We guess General McChrystal’s remarks and request for more troops must have touched a nerve in the shadow government, because the Illuminists dragged out old Illuminist war dog retired General Brent Snowcroft. Snowcroft tells us a retreat from Afghanistan would have catastrophic consequences for Pakistan. He connected the war in that region with terrorism in the US. He said the idea of pulling out troops isn’t on the table. Failure to leave behind a stable Afghanistan would jeopardize the counter-terrorism campaign. Snowcroft expressed concern about a general advocating his point of view publicly while administration deliberations continue.
We believe that there is major conflict in Washington over an escalation of the war. The Illuminists want the war widened and more aggressive. There is nothing intense and complex about the war. The US is the aggressor and the Taliban and others want them out. The plan isn’t going well for the elitists and that is why they want 300,000 troops and 200,000 mercenaries to suppress Afghanistan and occupy Pakistan.
Assertions by our elite in Afghanistan and Pakistan, as well as in our economy, have nothing to do with reality. Mr. Bernanke, Fed Chairman, will never admit that the greatest credit bubble ever has now burst and that $12.7 trillion in money and credit has done nothing but bailout banking and Wall Street. This is the same kind of financial and economic chaos we saw in 2000 and 2004, and was neutralized by a real estate boom created by the Fed. This time they are trying to keep the stock market up and that won’t last much longer.
Even with massive suppression and manipulation the Illuminists, as we have predicted for ten years, can’t keep the price of gold down. Gold is telling us that the Fed game is over, and a real gold market has emerged. We are now going to experience the antithesis. Americans are now realizing they are trapped in debt and they want out. People are finally realizing that we are in an inflationary depression. After they clear debt they will next buy gold and silver, the only safe place for their assets.
The elitists, by way of the G-20 and G-7 have let us know that the new reserve currency will be the SDR, Special Drawing Right, another fiat currency issued by the IMF. Of course, it is also the intention that SDR’s will replace gold and silver as money as well. What this means is that the US and other nations will be stripped of their sovereignty. The Fed and the G-20 believe raising interest rates will stop the rise of gold. They are wrong. If you look at higher rates you will see that gold rallies up to a certain point and then stops climbing higher after we are about 80% into the rise. The flip side is the higher rates in this case, as in 1981 to 1983, the economy collapses. Today it means the collapse of the entire system and depression for years to come. The Illuminists won’t do that until they have too, or are forced too. Central banks have always hated gold. It makes them honest and keeps them from creating endless money and credit. The bottom line is the price of gold will go much higher and the dollar will collapse and they know that. Higher interest rates could bring in more debt buyers, but a dollar flow into the US would add to inflation. Quite frankly the elites are faced with the worst of all worlds. The Fed and the Treasury are telling us that they are not going to let gold go higher. They are mistaken. They have too if they are going to allow the dollar to fall – albeit slowly. Slowly only delays the inevitable and will make the outcome more damaging. There is no such thing as a stable steady decline. The dollar has to be inflated and depreciated to prop up the banks and Wall Street. Government commitments are $105 trillion. It is impossible to fund such debt. That means the dollar has to be officially devalued when the USDX reaches 40. The reason why is revenues never reach outlays and that means that the debt can never be fully repaid. You might even call it a fraudulent system. At the heart of the situation is the fractional banking system controlled by the Federal Reserve that creates money and credit out of thin air, so that more money can be lent, so bankers can be paid off. This depreciates the value of money outstanding via inflation, which in turn robs people of their buying power. Some call this a tax on the people, which it most certainly is.
The secret plotting by China, Russia, France, Japan and the Gulf States to substitute a basket of currencies and gold for the dollar in trade is a natural course of events, which should have happened long ago. This is a step forward, but the big question is where are they going to invest their surpluses? If they do not want the dollar in trade then they won’t want it for investment, unless it is officially devalued and backed by gold. The world has 62.8% of foreign reserves in dollars, down from 64.5% six months ago. Show dollar erosion will be allowed for the next 1-1/2 to 3 years, but other nations are going to have to come to grips with the problem. The only solution is a meeting to devalue and revalue all currencies against one another and a world debt settlement between nations.
The dollar has been doomed since 8/15/71, when it left the gold standard. Currently it has a major balance of payments problem, massive amounts of bad assets, false bookkeeping, zero interest rates, public debt of 100% of GDP and the addition of money and credit running at 21%. In addition debt is massive.