Michael Springman: CIA Ordered Visas For 15 of The 19, 9/11 Hijackers in Jeddah!

Wayne Madsen: The Quadrillion $ Derivatives Crisis & Will U.S. Bomb Iran ?!

Gerald Celente: The Crash Of 2010! Global Meltdown!

• Gerald Celente on Coast To Coast AM 4 Feb 2010.

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Jim Sinclair: Unprecedented Challenges In Financial History !

• When the master Jim Sinclair speaks, I keep quiet and listen. What he says is of great importance. Anyone who wants an ounce of understanding of what is happening in the global financial and fiat currency markets, need to read and ponder what he says. I don’t claim to understand what he says entirely. But I am in agreement with his conclusions: Calamity ahead, global monetary crisis leading to new monetary system and major dislocation worldwide! Maestro Jim Sinclair writes :
    
  My Dear Extended Family,
   
  I doubt there has ever been a time in financial history when there has been challenges of this magnitude. This is not business as usual in any form. When have financial meetings been so top secret?
  When has the military cordon off financial meetings?
  When have F-18s, F-22s and French Rafales provided air support (as the Swiss did for the Davos seminar) for two central bank meetings in the last few weeks as the USA and Australia did?
   
  Don’t accept terrorism as an excuse for everything that remains unexplained. There are so many lies and so much misinformation out there that the task of figuring out what is real is a daunting task. I implore you to go for safety in everything you do. How can you go wrong hunkering down? Do not speculate.
   
  You cannot out trade these people nor can you read their intentions by charts. Both are impossibilities.Do not deal on borrowed money. Secure you and yours. Take delivery of your precious metals and share certificates. We are in unchartered seas of international financial turmoil. The mega rich have no loyalty to anyone or anything. I know some of them, made one of them from scratch, and I assure you would put their mothers in a microwave for the right price. This is a financial world war taking place behind top secret meetings that are deciding our fate while not even knowing they are out of control. I can’t change this but I can do my best to protect you.
   
  Respectfully,
  Jim  (9 Feb 2010)
    
  Thought For The Day:
  Gold has spoken out both before and after US trading hours for two days now on the developments taking place in the darkened central bankers meeting room. This is the same room with the shades pulled down, military and police guards out front and air support flying above.
   
  The floating exchange system as it now exists is going be folded. We are moving toward a one Western world currency, and one Western world central bank of central banks. Because all Western world federal budget deficits are out of control and there is no PRACTICAL method to reverse this condition in the foreseeable future, there is no other alternative. That means the two major Western World currencies will be Gold and the SDR (type entity).

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Marc Faber: U.S. Would Be Rated Junk If It Were a Company!

Alex Jones: New World Order Empire Strikes Back!

A Stern Reality Check for Gold Naysayers !

• Gold is going alot higher than most people think possible! This current correction, snap back to support is normal. It is often observed in the past before a parabolic rise. The support at $1033/ounce, ie the previous high, should hold. The gold cartel may attempt an attack at the psychological support of $1000/ounce. But don’t worry, I doubt it will break. The bullion banks have cleared a large portion of their gold (and silver) shorts according to Ted Butler. So we should see downside momentum waning and upside momentum building.
   
• The long-term gold chart seems to be replicating the 1970-1980 gold price move. It is eerily similar. We are just at the cusp of the ginormous hyperbolic move upwards. The Iraq-Iran war triggered the move toward $875/ounce in 1980. With the Iran war looming, t looks like a repeat is highly probable! How much higher? $5000/ounce is within reach in my opinion! Jordan Roy Byrne comments:

  

  History repeating itself !??

  As we will show, the reality is that Gold has a super-bullish technical outlook. It is in the early stages of a parabolic rise. In the 1970s, Gold began to go parabolic in the middle of 1979, almost 10 years into the bull market. The important breakout occurred in 1978, and then corrected 20% back just below the breakout point (see the circle). This time around, the important breakout occurred at the end of 2007 and then in 2008 we had the snapback to support, though the snapback was a large 34%. Note that in the last bull market the process of breakout, snapback and parabolic move took a year to develop, while this time it is taking about two years. That means this parabolic move will last longer.   

• Yesterday once more (Ronald Rosen) ???!!! Compare top left chart (what happened in the 70s/80s) with bottom left chart (present-day chart). They look highly similar right? Now look at bottom right chart and how the price went parabolic in 1980! We are at the cusp of this parabolic rise in gold price! History, as they say, repeats itself, not exactly, but it rhymes! (Note: Bottom right chart follows after top left chart. Top right chart shows the 1979 correction in gold price. We are now at this corrective phase.)
  

  Top 2 charts show what happened in the 70s/80s. Bottom left chart shows where we are at now. Bottom right chart shows parabolic move in 1980!

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Eurozone In Biggest Economic Crisis Since Birth !

• The ‘money’ vultures are taking advantage of the situation and deliberately attacking countries in the Eurozone. I sense that large banksters are behind these attacks. They will go on and attack Japan and finally the U.S.. This is all about collapsing the current world order into chaos–>wars and rebuilding it into their global fascist police state New World Order. The only safe money is: gold!
   
  Eurozone in biggest economic crisis since birth
  The eurozone has plunged into the biggest crisis of its 11-year-old rule, mainly because of the swelling public deficit in Portugal, Spain and Greece.
   
  Analysts warn that the crisis portends years of belt-tightening with a vicious financial cycle – the more fears over deficit and debts grow, the more difficult it becomes for the troubled eurozone nations to borrow money. The problems are resonating throughout the 16-state EU block that is using euro. 
    
  Greece, Spain default fears ease, Portugal rises
  The cost of insuring Greek and Spanish government debt against default fell Monday, while the cost of insuring Portuguese debt continued to climb in relatively subdued market conditions, according to CMA DataVision. The cost of insuring $10 million worth of Greek debt over five years fell to $398,000 annually, down from around $407,500 late Friday. The cost of insuring Spanish debt fell by around $3,000 to $163,500, while the cost of insuring Portuguese debt rose to $235,000 a year from $227,000. The European single currency rose 0.1% versus the dollar to $1.3693.
   
  Spiking Greek CDS
  Funny how the market is just waking up to the Euro debt problem. Many have argued that debt levels are unsustainable, yet the IMF has adopted the neo-Keynesian line that governments can spend with impunity so long as unemployment is high. If there are unemployed workers in the economy, then conventional wage-push inflation — i.e. workers negotiating higher wages, which in turn drives up consumer prices — can’t happen. Or so the argument goes.
    
  But this ignores bond market realities. The PIIGS on Europe’s periphery — Portugal, Ireland, Italy, Greece and Spain — have huge budget deficits as a percent of GDP, but don’t have the power to print money to pay it back. So bond markets are bidding up the cost to insure their debt:
  
  should offer their own view, but seems to me there are three options here, two bad and one nuclear.
   
  1) The PIIGS cut their budgets to pay back debt. Such austerity programs are typically very difficult to get done in democracies. Deficit spending stays high long past the point that it’s possible to work off debt over any reasonable period. To successfully dig out of the hole requires cuts so deep, voters never agree to them.
   
  2) Europe bails them out, which is the easiest solution in the short-run. Richer European countries certainly have the wherewithal to bail out a small country like Greece or Portugal. But it’s a dangerous precedent to set. What about Spain? It’s 14% of the Euro economy compared to 6% for Portugal/Ireland/Greece combined. If economies keep spending with an eye towards a bailout from the ECB, eventually you get #3.
   
  3) The monetary union breaks apart. The customary way out of a debt crisis is to devalue one’s currency, see Argentina in 2001. It couldn’t maintain it’s dollar peg and still service its debt, so it devalued its currency and defaulted on debt. But this locked the country out of the international capital markets and drove them into a deep, though brief, Depression. For Greece to devalue, it would have to pull out of the Euro, pass a law that it’s debts are payable in new local currency and then devalue.
   
  Some combination of #2 and #1 is probably the only sustainable solution. And that’s what the market appears to expect, what with Greek 5-yr CDS falling back to $389,000 from $425,000 yesterday. But any help must come with tough conditions. Cuts must be deep enough that further rounds of bailouts won’t be needed.  

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New World Order Turning Americans Into Third World Citizens!

Part   5   ,   Part   6   ,   Part   7   ,   Part   8

Max Keiser: Bankster Theft of America. Catherine Austin Fitts: Between 1997 and 2002, $4 Trillion Went Missing From US Government!