Faber Says ‘High’ U.S. Deficit Will Spur Inflation

• The government bureaucracy now constitutes about 50% of GDP by some accounts. The private sector is still in the doldrums despite all the green shoots happy talk. The federal deficit is unlikely to come down for the next 3 years despite assurance from Obama administration. Dr Doom, Marc Faber, presents a more realistic picture. Bloomberg reports  (emphasis mine):
    
  Investor Marc Faber said government spending and low interest rates will keep the U.S. deficit “very high” and will spur inflation. Interest rates will be kept “artificially low” and remain “near zero for a long time” in the U.S., Faber, the publisher of the Gloom, Boom & Doom report, said today in a presentation broadcast on the Internet. “The deficit will stay very high and that will create some kind of more inflation down the road.”
   
  The Federal Reserve is likely to continue to “print money” in an effort to boost the U.S. economy, and that, combined with low interest rates, will spur weakness in the dollar, Faber said. U.S. President Barack Obama has pumped up the nation’s marketable debt to an unprecedented $6.94 trillion as he borrows to spur the world’s largest economy.
   
  “Money printing will be unprecedented because the deficit will need to be financed,” Faber said. “The weaker the economy, the more the stock market will go up because the money that is being printed will go into” speculative assets. Faber, who recommended buying U.S. stocks in October, before the biggest rally in more than 70 years, said investors should buy equities instead of bonds or holding cash.
   
  “If the dollar is weak, there is a very good chance that equity prices could rise quite substantially,” Faber said. A weaker dollar is “good for asset prices.”
   
  Buying Commodities
  Faber also recommends that investors buy precious metals and other raw materials to hedge against declines in the U.S. currency. Before today, the greenback slid 4.9 percent against a basket of six major currencies this year and the 19-commodity Reuters/Jefferies CRB Index climbed 10 percent.
   
  “The dollar will continue to implode against commodities,” Faber said. “I don’t see why someone would hold dollars and not own gold. More and more people will come to the realization that they have to own some resources, some commodities, some mining companies and some physical precious metals.” Global economic growth won’t recover to pre-recession levels, Faber said.
   
  “I don’t think consumption will come back,” he said. “I don’t think there is much of a recovery. You have to differentiate between the stock market and economy activity.”

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Could China Propel Gold to $2,000?

• The Chinese Yuan is fixed at CNY6.825 to a USD. When the USD collapses, the Chinese Yuan also follow suit. So, if for whatever reason the US government decides to devalue the USD deliberately or via QE, the Chinese Yuan gets drag along and it will stoke inflation in China.
   
• With investors fleeing USD into commodities and gold, hard assets are rising in prices both in USD and CNY terms. How can the Chinese protect their fiat currency savings? By doing the same ie: buying commodities and particularly gold and silver. Why do you think the Chinese government has been actively promoting gold and silver? They know the USD is toast. It’s last gasp is coming sooner than most realize. Erik Bethel opines :
    
  Last week Alan Greenspan noted that “Rising prices of precious metals and other commodities are an indication of a very early stage of an endeavor to move away from paper currencies.” In other words, people are buying gold as a hedge against inflation.
   
  Here in China, our firm SinoLatin Capital has been approached by numerous Chinese companies specifically looking to acquire gold mines in Latin America. We’ve studied the market for some time and we see China making several Latin American gold mining acquisitions over the next few years.
    ….
  How could China affect the price of gold? We live in China and spend a lot of time with local industry leaders and policy makers. We hear repeatedly that the time has come to think seriously about how to survive the perceived dollar devaluation. In some cases we note serious concern, and in other cases absolute dread over a perceived dollar crash. Over the past six months Beijing has made a series of moves to protect itself against a dollar devaluation. In a recent “BRIC Summit” in Russia several months ago, Chinese leaders came out strongly in favor of a new reserve currency to replace the dollar (including the IMF’s “SDR” currency). China is also quietly purchasing mining assets and gold bullion. But the government has recently gone further. According to Financial Sense: 
   
  As recently as 2002, the private ownership of gold was prohibited in China. You could be jailed if caught with any in your possession. Beginning in 2009, in a stunning about-face, the central government removed all restrictions. In fact, as Mineweb and other sources report now it is actively pushing folks to buy some personal metal, with China’s Central Television, the main state-owned television company, running news programs cum infomercials, letting the public know just how easy it is to purchase gold and silver as an investment.
   
  It truly is as simple as can be, because every bank sells gold and silver bullion bars in four different sizes to individuals. (Try to find the same the next time you make the trek down to Wells Fargo.) Mining companies are reportedly encouraging employees to convert some of their wages to gold on payday. Gold is traded in some form 24 hours a day. And paper proxies for the metal are also soaring in popularity. There are persistent rumors that the export of silver has already been banned. Gold could be next.
   
  Thus China, which only yesterday was the lowest per-capita consumer of gold in the world, is bidding to become the biggest. Some analysts believe it will pass India – the top dog since forever – as early as 2010. Clearly, the government believes the country is strengthened if everyone who can holds some hard currency.
   
  All this suggests a mania in the making, and only in the formative stage. Imagine if hundreds of millions of new consumers climb on that particular bandwagon…
   
  Gold is up 27% over the past 12 months and last week it hit the psychologically important US$1,000 mark. Could China propel this further? From our vantage point in Shanghai this is entirely possible.

Disclaimer – I am not a financial advisor. This is not an advice to buy, sell or hold any stocks or bonds or any precious metals.

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United Nations Report: Gaza Acts Amounted to War Crimes!

• It pisses me off big time when I hear of all these Satanic rabbis espousing genocide because the Palestinians are mere ‘goyim’ and are just animals. So G_d will not hold you accountable for their deaths. This is blatant falsehood and Satanic lies. It is murder and genocide when children are shot and killed deliberately to decimate the Palestinians. 
   
  Exodus 22:21
  “You shall neither mistreat a stranger nor oppress him, for you were strangers in the land of Egypt.
  Exodus 23:9
  “Also you shall not oppress a stranger, for you know the heart of a stranger, because you were strangers in the land of Egypt.
  Leviticus 19:33
  ‘And if a stranger dwells with you in your land, you shall not mistreat him. 
  Leviticus 19:34
  The stranger who dwells among you shall be to you as one born among you, and you shall love him as yourself; for you were strangers in the land of Egypt: I am the LORD your God.  
  Leviticus 23:22
  ‘When you reap the harvest of your land, you shall not wholly reap the corners of your field when you reap, nor shall you gather any gleaning from your harvest. You shall leave them for the poor and for the stranger: I am the LORD your God.’” 
  Leviticus 24:22
  You shall have the same law for the stranger and for one from your own country; for I am the LORD your God.’”
   
• Does all the above commandments of G_d allow Jews to oppress Palestinians? Absolutely not! It states very clearly also: you are not allowed to discriminate against the stranger (Palestinians) with a different set of law. One law for all. I urge all G_d fearing Jews to reject the oppression of Palestinians!
   
• CNN reports :
     
  A United Nations report issued Tuesday says both Israel and the Palestinians committed actions amounting to war crimes during Israel’s military incursion into Gaza from December 27 to January 18.
      
  Although the U.N. investigation found that Palestinian militants also committed war crimes, the overwhelming majority of the criticism in a summary of the 574-page report targets Israel. Israel “committed actions amounting to war crimes, possibly crimes against humanity,” the report says.
   
  The findings were revealed by the head of the U.N. Fact Finding Mission on the Gaza Conflict, headed by Richard Goldstone, a South African judge. Israel did not cooperate in the investigation.
     
  The Israeli Foreign Ministry issued a statement saying Israel “did not feel able to cooperate with the Fact Finding Mission because its mandate was clearly one-sided and ignored the thousands of Hamas missile attacks on civilians in southern Israel that made the Gaza Operation necessary.” Sami Abu Zuhri, a spokesman for Hamas, which controls Gaza, told CNN: “This report is evidence of the crimes committed by the occupation forces against Palestinian citizens.”
     
  He rebutted claims in the report that Hamas militants also committed war crimes by saying that “the Palestinian factions were defending themselves, which international law allows them to do.”
      
  The report claims that the Israel Defense Forces “failed to take feasible precautions required by international law to avoid or minimize loss of civilian life, injury to civilians and damage to civilian objects.” The U.N. findings also conclude that Israel fired the chemical agent white phosphorous in civilian areas, intentionally fired high-explosive artillery shells upon hospitals, and failed to provide effective warnings to civilians or U.N. workers before attacks. It also claims that Israel used Palestinian civilians as human shields and deliberately attacked Palestinian food supplies in Gaza.
     
  The report recommends that the U.N. Security Council require the government of Israel to launch appropriate independent investigations into the findings of the report within three months. The findings also recommend that the alleged Israeli war crimes be explored by the International Criminal Court’s prosecutor.
     
  The findings also call on Palestinian leadership to investigate alleged war crimes, for militants to respect humanitarian law, and for the release of Israeli soldier Gilad Shalit on humanitarian grounds. 
   
• See also :
   
  Zionist Pioneer Renounces Zionism!
  Ex-Israeli Minister Shulamit Aloni: Calling People Anti Semitic is a Trick to Stifle Criticism! We Always Use it !
  Did Ahmadinejad Really Called for Israel To Be ‘Wiped Off the Map’?
  Alex Jones on Israeli Lobby And The Zionist
  LA Times – Zionism is the Problem!
  Jewish Canadians Concerned About Suppression of Criticism of Israel
  Gaza Genocide Must Not Be Forgotten
  Khazar Empire, Illuminati and New World Order
  Richard Falk – Memories of Warsaw Ghetto
  CBS 60 minutes – Exposing Apartheid !
  Gaza 2009 – We will never Forget !
  Solidarity with Gaza – Canberra Australia
  The Truth About the Gaza Massacre!
  History of Zionism – Ethnic Cleansing of Palestine !
  We will not be silent on Gaza!
  UK Jewish MP – Israel Behaving Like Nazis
  Life In Occupied Palestine – Anna Baltzer
  Protests Against Gaza Massacre by Anti Zionist Jews
  Anti Zionist Jews’ Demonstration Against the Zionist Massacre in Gaza
  Zionism is the Cause of the Problems - Rabbi
  Anti Zionist Jews that lived in Palestine Tell Their Story
  AMERICAN JEWS OPPOSE ISRAELI POLICY IN GAZA
  Israelis who Refuse to Serve in the Military – American Jews Protest ! 

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The 9/11 Commission Rejects own Report as Based on Government Lies!

• The US government has conducted false flag operations against its own people before. Gulf of Tonkin comes to mind but is not the only one. Project Northwood is another. False flag operations have been used throughout history to deceive the populace to support unjust wars for profits. 9/11 was just another in a line of many such operations. Salem-News.com reports :
    
  In John Farmer’s book: “The Ground Truth: The Story Behind America’s Defense on 9/11″, the author builds the inescapably convincing case that the official version… is almost entirely untrue… The 9/11 Commission now tells us that the official version of 9/11 was based on false testimony and documents and is almost entirely untrue. The details of this massive cover-up are carefully outlined in a book by John Farmer, who was the Senior Counsel for the 9/11 Commission.
   
  Farmer, Dean of Rutger Universities’ School of Law and former Attorney General of New Jersey, was responsible for drafting the original flawed 9/11 report. Does Farmer have cooperation and agreement from other members of the Commission? Yes. Did they say Bush ordered 9/11? No. Do they say that the 9/11 Commission was lied to by the FBI, CIA, Whitehouse and NORAD? Yes. Is there full documentary proof of this? Yes.
   
  Farmer states…“at some level of the government, at some point in time…there was an agreement not to tell the truth about what happened… I was shocked at how different the truth was from the way it was described …. The [Norad air defense] tapes told a radically different story from what had been told to us and the public for two years. This is not spin.”
   
  The 9/11 Commission head, Thomas Kean, was the Republican governor of New Jersey. He had the following to say… “We to this day don’t know why NORAD [the North American Aerospace Command] told us what they told us, it was just so far from the truth. . . “ When Bush’s own handpicked commission failed to go along with the cover up and requested a criminal investigation, why was nothing done?
   
  9/11 Commission member and former US Senator, Bob Kerrey, says, “No one is more qualified to write the definitive book about the tragedy of 9/11 than John Farmer. Fortunately, he has done so. Even more fortunately the language is clear, alive and instructive for anyone who wants to make certain this never happens again.” With the only “official” 9/11 report now totally false, where do we go from here? Who is hurt by these lies? The families of the victims of 9/11 have fought, for years, to get to the truth. For years, our government has hidden behind lies and secrecy to deny them closure.
   
  In 2006, The Washington Post reported…”Suspicion of wrongdoing ran so deep that the 10-member commission, in a secret meeting at the end of its tenure in summer 2004, debated referring the matter to the Justice Department for criminal investigation, according to several commission sources. Staff members and some commissioners thought that e-mails and other evidence provided enough probable cause to believe that military and aviation officials violated the law by making false statements to Congress and to the commission…”
   
  What does Farmer’s book tell us? Farmer offers no solutions, only a total and full rejection of what was told and his own his own ideas concerning the total failure of honesty on the part of the government, a government with something to hide.
    ….
  We know that, immediately after 9/11, many more potential suspects and informants were flown directly to Saudi Arabia by Presidential order than were ever detained and questioned. We will never know what they could have said. Their testimony would have been vital to any real investigation were they not put beyond the reach of even Congress and the FBI.
   
  Putting aside all other questions of recent evidence of CIA involvement with bin Laden prior to 9/11 or altered physical evidence involving the Pentagon attack, any failure to call to account the systematic perjury committed by dozens of top government officials, now exposed as a certainty is an offense to every American.
   
  What do we know? We know the conjecture about 9/11 still stands but for certain, we know we were lied to, not in a minor way, but systematically as part of a plot covering up government involvement at nearly every level, perhaps gross negligence, perhaps something with darker intent. Are we willing to live with another lie to go with the Warren Report, Iran Contra and so many others? Has the sacrifice of thousands more Americans, killed, wounded or irreparably damaged by a war knowingly built on the same lies from the same liars who misled the 9/11 Commission pushed us beyond willingness to confront the truth?
   
  Have we yet found where the lies have begun and ended? There is no evidence of this, only evidence to the contrary. The lies live on and the truth will never be sought. The courage for that task has not been found. Can anyone call themselves an American if they don’t demand, even with the last drop of their blood, that the truth be found?
   
  How long have we watered the Tree of Deceit with the blood of patriots?

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Ron Paul: The Federal Reserve Has More Power Than Congress. The Fed Chairman Probably is More Powerful Than Our President!

• Congress man Ron Paul is correct, the privately owned FedRes is the cause of America’s economic and financial problems. These central banksters are Illuminati criminals. They engineer the entire 2008  collapse to further their objective of consolidating their power. Ron Paul’s solution is : End the Fed ! He is totally correct. Please support Ron Paul in this!

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