Charles Ortel: Risks of U.S. Default Are Very Real !

• The Feds will print money out of thin air increasingly to monetize their debts. Foreign buyers are turning away from US treasuries. This will be a stealth default via inflation. It means currency debasement and inflation is a silent tax on savings. So, it punishes the prudent and savers but rewards the profligate. Yahoo Finance reports:
    
  With America facing $1 trillion annual deficits and debt-to-GDP ratios on par with those of Europe’s so-called PIGS, some are asking what was once unthinkable: Is the U.S. at risk of defaulting on its debt?
   
  Earlier this week, Nobel-prize winning economist Joseph Stiglitz told Tech Ticker the U.S. “has absolutely no real problem servicing the debt at the current level”; meanwhile, Treasury Secretary Tim Geithner recently said America will “never” lose its vaunted triple-A credit rating after Moody’s suggested it was a possibility if we don’t get our fiscal house in order.
   
  Take a hard look at America’s balance sheet and “you have to be concerned,” says Charles Ortel, managing director of Newport Value Partners. Total gross U.S. debt is now $50 trillion or 12 times the nation’s total gross income, according to Ortel, whose debt calculation excludes unfunded mandates such as Social Security and Medicaid but does include corporate debt which he says are “potentially eligible for bailouts.”
   
  Furthermore, Ortel says the Federal Reserve overestimates U.S. household net worth, because most of the “asset” side of the ledger is based on real estate valuations he says are overinflated. “A strict, hard look at the national net worth statement will tell you that our assets are lower than you think and our debt is higher than you think,” he says.
   
  While the risk of an imminent U.S. default remains low, Ortel says the U.S. is facing a “crisis of confidence” among global investors and recommends credit default swaps on U.S. Treasuries. Ortel made a similar recommendation to clients back in August 2008. The price of those instruments rose in value during the second half of 2008 and early 2009, then declined as the crisis abated. But sovereign CDS have risen again in value in the wake of debt crises in Dubai and Greece, and Citigroup notes U.S. swap spreads have widened at the second-fastest rate since Jan. 1, trailing only the euro zone.

end

GEAB N°42 : Towards a Global Systemic Crisis of the World Economy!

It ain't pretty and much worse than Greece!

• To sift through the paid for propaganda from the western MSM, we need to goto objective reports. One such report is the GEAB series which I have found to be quite good. It tells the facts straight up. No exaggeration or painting an optimistic beautiful lie. Is the world really out of the woods? Not by a long shot! GEAB N°42 reports:
    
  GEAB N°42 is available! Second half of 2010: Sudden intensification of the global systemic crisis – Strengthening of five fundamental negative trends.
   
  LEAP/E2020 is of the view that the effect of States’ spending trillions to « counteract the crisis » will have fizzled out. These vast sums had the effect of slowing down the development of the systemic global crisis for several months but, as anticipated in previous GEAB reports, this strategy will only have ultimately served to clearly drag States into the crisis caused by the financial institutions.
   
  Therefore our team anticipates, in this 42nd issue of the GEAB, a sudden intensification of the crisis in the second half of 2010, caused by a double effect of a catching up of events which were temporarily « frozen » in the second half of 2009 and the impossibility of maintaining the palliative remedies of past years.
   
  As a matter of fact, in February 2010, a year after us stating that the end of 2009 would mark the beginning of the phase of global geopolitical dislocation, anyone can see that this process is well established: states on the edge of bankruptcy, remorseless rise in unemployment, millions of people coming to the end of their social security benefits, falling wages and salaries, limiting of public services and disintegration of the global governance system (failure of the Copenhagen summit, growing Chinese/US confrontation, return of the risk of an Iran/Israel/USA conflict, wars worldwide… (1)). However, we are only at the start of this phase for which LEAP/E2020 will supply a likely timeframe in the next GEAB issue.
   
  The sudden intensification of the global systemic crisis will be characterised by the acceleration and/or strengthening of five fundamental negative trends:
   
  . the explosion of the bubble in public deficits and a corresponding increase in state defaults
  . the fatal impact of the Western banking system with mounting debt defaults and the wall of debt coming to maturity
  . the inescapable rise in interest rates
  . the increase in issues causing international tension
  . a growing social insecurity.
   
  In this GEAB issue our team expands on the first three trends of these developments including an anticipation on Russia’s position in the face of the crisis, as well as, of course, our monthly suggestions.
   
  In this public announcement, we have chosen to analyse the « Greek case », on the one hand because it seems indicative of what 2010 has in store for us, and on the other because it is a perfect illustration of the way in which news and information on the world crisis is moving towards « make-believe news » between blocs and interests which are increasingly in conflict. Clearly it is a « must » to learn how to decipher worldwide news and information in the months and years to come which will be a growing means of manipulatory activity.
   
  
  The five characteristics which make up the « Greek case » into the tree with which one tries to hide the forest
   
  Let’s take a look at the « Greek case » which has concerned the media and experts for several weeks now. Before entering into the detail of what is happening, there are five key points to our anticipation on the subject:
   
  1. As we stated in our anticipations for 2010, which appeared in the last GEAB issue (GEAB N°41, the Greek problem will have disappeared from the international media’s radar several weeks from now. It is the tree used to hide both a forest of much more dangerous sovereign debt (to be precise that of Washington and London) and the beginning of a further fall in the world economy, led by the United States (2).
   
  2. The Greek problem is an internal issue for the Eurozone and the EU, and the current situation provides, at last, a unique occasion for the Eurozone leaders to require Greece (a case of « failed enlargement » since 1982) to leave its feudal political and economic system behind. The other Eurozone countries, led by Germany, will do the necessary to make Greek leaders bring their country into the XXIst century in exchange for their help, at the same time making use of the fact that Greece only represents 2.5% of Eurozone GDP (3) to test the stabilisation mechanisms that the Eurozone needs in times of crisis (4).
   
  3. Ango-Saxon leaders and media are using the current situation (just like last year with the so-called banking tsunami coming from Eastern Europe which was going to carry the Eurozone away with it (5)) to hide the catastrophic progression of their economies and public debt and attempt to weaken the attractiveness of the Eurozone at a time when the USA and the United Kingdom have increasing difficulty in attracting the capital which they so desperately need. At the same time Washington and London (which, since the coming into effect of the Lisbon Treaty is completely excluded from any management of the Euro) would be overjoyed to see the IMF, which they control completely (6), brought into Eurozone management.
   
  4. Eurozone leaders are very happy to see the Euro fall to 1.35 against the Dollar. They well know that it won’t last because the current problem is the fall in the value of the Dollar (and the Pound Sterling), but they appreciate this « whiff of oxygen » for their exporters.
   
  5. The speculators (hedge funds and others) and banks heavily involved with Greece (7), have a common interest in trying to bring about rapid Eurozone financial support for Greece, since otherwise the rating agencies will, unintentionally, pull a fast one on them if the Europeans refuse to dig into their pockets (like the scandalous actions of Paulson and Geithner over AIG and Wall Street in 2008/2009): indeed a lowering of Greece’s rating will plunge this small world into the throes of serious financial losses if, for the banks, their Greek loans are similarly devalued, or if their bets against the Euro don’t work out in due course (8).
   
  Goldman Sachs’ role in this Greek tragedy… and the next sovereign defaults 
    
  …  In this phase of the global systemic crisis, the role of the « bad guy » is usually played by one of Wall Street’s big investment banks, in particular by the leader of the gang, Goldman Sachs. The « Greek case » is no different as indeed this New York investment bank is directly implicated in the budgetary conjuring tricks which allowed Greece to qualify for Euro entry, whilst its actual budget deficits would have disqualified it. In reality it was Goldman Sachs who, in 2002, created one of its cunning financial models of which it holds the secret (9) and which, almost systematically resurfaces several years later, to blow up the client. But what does it matter, since GS (Goldman Sachs) profits were the beneficiary!
   
  In the Greek case what the investment bank proposed was very simple: raise a loan which didn’t appear in the budget (a swap agreement which enabled a ficticious reduction in the size of the Greek public deficit (10). The Greek leaders at the time were, of course, 100% liable and should, in LEAP/E2020’s opinion, be subjected to Greek and European political and legal process for having cheated the EU and their own citizens within the framework of a major historic event, the creation of the single European currency.
   
  But, let’s be clear, the liability of the New York investment bank (as an accomplice) is just as great, especially when one is aware of the fact that Goldman Sachs’ vice-president for Europe was, at the time, a certain Mario Draghi (11), currently President of the Italian Central Bank and a candidate (12) to succeed Jean-Claude Trichet at the head of the European Central Bank (13). 
    …..
  With this same logic, on the issue of transparency in financial activities and state budgets and using the ill-fated role of Goldman Sachs and of the large investment banks in general as an illustration, LEAP/E2020 takes the view that it would be beneficial for the European Union and its five hundred million citizens, to exclude former managers of these investment banks (19) from any post of financial, budgetary and economic control (ECB, European Commission, National Central Banks). The mixing of these relationships can only lead to even greater confusion between public and private interests, which can only be to the detriment of European public interests. To begin with, the Eurozone should immediately require the Greek government to stop calling on the services of Goldman Sachs which, according to the Financial Times of 01/28/2010, it still uses. 
    …..
  To conclude, our team suggests a game to convince those who seek where the next sovereign debt crisis will surface: simply look for those states which have called upon Goldman Sachs’ services in the last few years and you will have a serious lead (21)!  
   
   
  

  2008 comparison of the deficits and Eurozone GDP of Portugal, Ireland, Greece, Spain, France and Germany – Source: Der Spiegel / European Commission, 02/2010

• See also:
   
  GEAB N°41: The Decade 2010 – 2020, Towards A Knockout Victory By Gold Over The Dollar!   
  GEAB N°40: Growing Sovereign Debt Default Risk Will Drive Central Banks Toward Gold!
  Global Systemic Crisis: In pursuit of the Impossible Economic Recovery !
  GEAB: China’s Great Escape from the Dollar Trap !

end

Bob Chapman: The Illuminati Engineered This Sovereign Debt Crisis To Bankrupt Nations. The End Game is War, Depopulation, World Government And One World Currency !

• Bob Chapman on The Sovereign Economist radio talk show on 17 Feb 2010. Key points:
   
  - This is an Illuminati engineered crisis to bankrupt nations and goto war. The endgame is a world government, global fascist police state.
   
  - A global central bank and one world currency are planned.
  - Greece is but the beginning of more sovereign debt defaults.
  - America will face a devaluation of the USD in 1-1.5 years time.
   
  - The Illuminati elites are planning a meeting like the one  in the early seventies where currencies will all revalue and devalue against each other. Debts will be settled or defaulted. Some countries may have to take a 66% write down of the debts.
   
  - They will attempt to form an international trading union.
  - The world elite have some nasty plans for the planet , and they won’t hesitate to get rid of 60% to 80% of world population through manufactured viruses diseases and wars.
   
  - Greece and Dubai affairs are precursors to some big changes unfolding in the coming few years. And many more issues….

end

Britain At Risk Of Worse Deficit Crisis Than Greece!

• Greece is peanuts compared to Britain, Japan and the US. This sovereign debt default problem is not going away. The current noise over Greece in the MSM are all engineered by insiders. I am quite sure they have made billions over this past few weeks shorting the Euro and long the USD. The problem with Greece and the PIIGS have been known for quite some time. Why did the MSM make such a fuss over it recently? Who owns the western banks and the MSM? The same 2 Illuminati families.
   
• This sovereign debt crisis will keep rotating from 1 country to another. The end point is the US and a total global financial, economic and monetary collapse, Thereafter, world war will follow. The Telegraph UK highlights UK’s problems:
   
  Britain is at risk of a Govenment deficit crisis worse than that of Greece, sparking serious fears over the economic stability of the country.
    
  In surprise news which sent the pound sliding on Thursday, official figures showed that the Government borrowed £4.3 billion last month. It was the first time since 1993 that the public finances had gone into the red in January – a month in which tax revenues usually push the Exchequer into the black.
    
  Economists said that the scale of the shortfall in the budget could this year mount to above £180 billion – higher than even the Chancellor’s forecast of a record £178 billion. Such a deficit would, at 12.8 per cent of British gross domestic product, be even greater than the deficit faced in Greece, which is facing a full-scale fiscal crisis and may need to be bailed out by fellow euro nations or the International Monetary Fund.
   
  The public borrowing figures coincided with further bad news from the housing market, as the Council of Mortgage Lenders reported that mortgage lending dropped last month by 32 per cent, hitting the lowest monthly total in a decade. The Bank of England also reported a decline in lending to businesses, indicating that the economic slowdown is far from over.
    ……
  Despite growing warnings from economists and business leaders that the size of the deficit poses a grave threat to Britain’s economic future, Labour says public spending should not be cut before 2011/12. In a speech in London today (FRI), the Prime Minister will insist that the Conservatives’ plans to tackle the deficit by cutting spending this year would undermine the recovery.
   
  “Instead of helping a recovery, their hatred of government action would risk the recovery,” Mr Brown will say. “Instead of defending ordinary families, they would kick the ladder of opportunity away from ordinary families.” The Office for National Statistics said the Government had never before had to borrow cash in January, adding that the shortfall meant it had now borrowed some £122 billion this year, equivalent to around £2,000 for every man, woman and child in the country.
   
  The scale of the debt has been far greater than in previous recessions because the recession has brought with it a collapse in tax revenues, particularly from the City, and a sudden increase in social benefits payments to the unemployed and disadvantaged.
   
  Jonathan Loynes of Capital Economics said that although Britain’s national debt was far lower overall than that of Greece, the UK deficit – the rate at which it is borrowing each year – may now be even greater. He said: “With the budget deficit heading towards 13 per cent of GDP this year, and perhaps exceeding that of Greece, it is clear that a more credible plan to restore the public finances to health will be required shortly after the general election to keep the markets and rating agencies at bay.”
   
  A host of economists and businessmen have urged the Government to slash the deficit faster and deeper than it currently plans, with 20 leading academics warning last weekend that without action on the public finances, Britain could face a crippling fiscal crisis. The Conservatives have warned that Britain could sacrifice its top credit rating unless the next Government takes drastic action.
   
  Shadow Chief Secretary to the Treasury, Philip Hammond, said: “These appalling figures – showing the first January deficit on record – illustrate the scale of Labour’s debt crisis. “The Prime Minister must now heed the advice of leading economists and business leaders and set out a credible plan to get the deficit under control, starting this year to put Britain back on her feet. The longer he delays, the more the recovery and our credit rating will be put at risk.”
   
  In the wake of the statistics, Treasury officials spent much of the morning calling round the City, urging major investors not to panic. However, the Government’s cost of borrowing, as signified by the interest rate it pays on its bonds, rose to 4.1 per cent – the highest level in 15 months.
   
  A Treasury spokesman said: “These figures keep us on track to meet our pre-Budget report forecast… the pre-Budget report predicted a sharp decline in self-assessed capital gains tax and income tax receipts paid this financial year, with January being the most important month for these receipts; that fall is evident in today’s figures.”
   
  Owen James of the Centre for Economics and Business Research said: “In the wake of the continuing problems for Greece, international investors are wary of economies with large deficits. Despite the fragile nature of the recovery, Britain must avoid the predatory eyes currently focused on the likes of Portugal, Spain, Italy and Ireland.
   
  “It is imperative that appropriate action to reduce public borrowing is taken by the next government; we are sceptical on whether the pre-election Budget will contain sufficient actions to appease market concerns. Today’s data underlines the need to make clear commitments on future policy.” James Knightley, an economist at ING Financial Markets said: “Given the concerns about public deficits around Europe at the moment, this could put the UK back in the spotlight.”
   
• See also:
   
  Bill Gross: Avoid UK Debts … It is “Resting On A Bed Of Nitroglycerine”!
  Europe’s Exposure To ‘PIGS’ Problem!
  Niall Ferguson: A Greek Crisis Is Coming To America!
  Think the PIGS Are in Trouble? These 7 U.S. States Could Be Heading for Something Worse!
  Spanish Intelligence Probing Debt “Attacks”!
  Fears Rise of Euro Government Default !
  Greece ‘Dress Rehearsal’ For U.S.!
  20 Reasons Global Debt Time Bomb Explodes Soon!
  John Mauldin: Greeks Bearing Gifts!
  Niall Ferguson: Others Will Follow Greek Debt Tragedy!
  Funds Flee Greece as Germany Warns of “Fatal” Eurozone Crisis!
  S&P Threatens Japan Downgrade!
  Bill Gross: Avoid UK Debts … It is “Resting On A Bed Of Nitroglycerine”!
  The Global Debt Bomb!
  Godfrey Bloom: End of National Sovereignty & The Beginning of Global Servitude !
  Greece Debt Default Could Take Eurozone Down With It !
  More and More American States on Budget Brink!
  Is The Euro Headed For A Breakup? ECB Prepares Legal Ground For Euro Rupture As Greek Crisis Escalates!
  GEAB N°41: The Decade 2010 – 2020, Towards A Knockout Victory By Gold Over The Dollar!
  GEAB N°40: Growing Sovereign Debt Default Risk Will Drive Central Banks Toward Gold!
  Global Systemic Crisis: In pursuit of the Impossible Economic Recovery !
  GEAB: China’s Great Escape from the Dollar Trap !
  Eurozone Faces Meltdown Under Sovereign Debt Crisis 2010 !
  Marc Faber: We Are Doomed!
  Dollar Crisis Looms if US Doesn’t Curb Debt !
  Marc Faber: The Next Thing You Need To Worry About Is The PIIGS! Eurozone Sovereign Debt Default Crisis!
  A Global Fiasco Is Brewing In Japan!

end

How Iceland Was Bankrupted ! Confessions of An Economic Hitman!

• See also:
   
  Confessions of an Economic Hit Man – John Perkins
  John Perkins: The Secret History of the American Empire
  John Perkins: The CIA & Chiquita Inc Engineered Coup in Honduras?
  The Federal Reserve: Secretive And Incompetent Organization ! The Creature From Jekyll Island.
  History of Money & Fractional Reserve Banking System
  How International Bankers Gained Control of America! 

end

Tarpley: Debunk the Tibet Myth!

Russia Warns US Against Military Strike On Iran !

Professor Chossudovsky: War and Globalization – The Truth Behind September 11 !

• Google Video Documentary:
   
  In this lecture by Michel Chossudovsky, he blows away the smokescreen put up by the mainstream media, that 9/11 was an attack on America by “Islamic terrorists”. Through meticulous research, he has uncovered a military-intelligence ploy behind the September 11 attacks, and the cover-up and complicity of key members of the Bush Administration. According to Chossudovsky, the “war on terrorism” is a complete fabrication based on the illusion that one man, Osama bin Laden, outwitted the $40 billion-a-year American intelligence apparatus. The “war on terrorism” is a war of conquest. Globalisation is the final march to the “New World Order”, dominated by Wall Street and the U.S. military-industrial complex. September 11, 2001 provides a justification for waging a war without borders. Washington’s agenda consists in extending the frontiers of the American Empire to facilitate complete U.S. corporate control, while installing within America the institutions of the Homeland Security State.
   
• See also:
   
  9/11 The Road to Tyranny
  Former FBI Chief Says 9/11 Was An Inside Job!
  Outfoxing the 9/11 Coverup
  Controlled Demolitions Caused the Collapse of the World Trade Center (WTC) buildings on September 11, 2001
  The 9/11 Commission Rejects own Report as Based on Government Lies!
  Bigard’s 9/11 Series
  9/11 Truth Revolution
  9/11 and Hitler’s Reichstag Fire!
  Bee Gees: 9/11 is a Lie!
  Stop the 9/11 Cover-Up! 9/11 Commission Members Doubt Official Story !
  9/11 Loose Change Documentary
  Seven CIA Veterans Challenge 9/11 Commission Report!
  Actor Charlie Sheen: America Was Behind the 9/11 Atrocities!
  Aaron Russo: Rockefeller Knew about 9/11 Well In Advance?
  Jesse Ventura on 9/11 Inside Job
  Turning 9/11 Realities Upside Down: When the “Big Lie” becomes the “Truth”
  9/11 In 7 Minutes! 9/11 Myths – Think About It!
  Japanese Politician Yukihisa Fujita: Bush’s 9/11 Lie !
  Councilor Fujita Questions 9/11 in the Japanese Diet (Parliament)!
  The 9/11 Chronicles: Part One, Truth Rising!
  Richard Gage: Was 9/11 an Inside Job?
  Justice for 9/11
  9/11 Coincidences – 1
  9/11 Coincidences – 2
  9/11 Coincidences – 3
  9/11 Coincidences – 4
  9/11 Coincidences – 5
  9/11 Video Clips Dan Rather Would Rather Not Show You
  Osama Bin Laden Worked for US until 9/11
  Experts Want New 9/11 investigation
  Jesse Ventura: They Spent $100M Investigating Clinton But Only $4M On 9/11!
  Professor Harrit: WTC Buildings Were Brought Down By Controlled Demolition
  Official 7/7 London Bombing Account is a Complex and Contradictory Series of Lies!
  New 7/7 Bombing Photo Contradicts Official Story
  9/11 FLIR Infrared Camera proves NIST and 9/11 Commission Lies
  Major General (Ret) Albert N. Stubblebine: Official Version of 9/11 is a Fraud!
  29 Structural & Civil Engineers Cite Evidence for Controlled Explosive Demolition in Collapses of All 3 WTC High-Rises on 9/11
  Major 9/11 Truth Breakthrough KBDI Denver Airs 9/11 Press for Truth
  9/11 Blueprint for Truth
  Ex-Italian President: 9/11 Was CIA/Mossad Operation
  Danish Scientist Niels Harrit: Nano Thermite (Explosives) in the WTC Dust !
  Active Thermitic Material Discovered in Dust from the 9/11 World Trade Center Catastrophe
  Medical Professionals for 9/11 Truth
  Political Leaders for 9/11 Truth 

end

US Bank Lending Falls At Fastest Rate In History!

• All the talk about withdrawing the stimulus is just propaganda for the sheeple. If they really do what is suggested in the MSM, the economy will collapse over night. The velocity of money has collapsed. The money multiplier is now 0.81. The only way to maintain GDP is by increasing money supply. Simple economics tell us that : 
   
             GDP = Money Supply x Velocity of Money
   
• Taking money out of the system (ie withdrawing stimulus) will negatively impact the above equation. Coupled with the fact that banks are not lending (thus the 0.81 multiplier), any suggestions that the FedRes withdraw stimulus is stupidity. All these financial MSM promoting this idea are out of their mind. Ambrose Evans Pritchard opines:
   
  Bank lending in the US has contracted so far this year at the fastest rate in recorded history, raising concerns that the Federal Reserve may have jumped the gun by withdrawing emergency stimulus.
    
  David Rosenberg from Gluskin Sheff said lending has fallen by over $100bn (£63.8bn) since January, plummeting at an annual rate of 16pc. “Since the credit crisis began, $740bn of bank credit has evaporated. This is a record 10pc decline,” he said.
   
  Mr Rosenberg said it is tempting fate for the Fed to turn off the monetary spigot in such circumstances. “The shrinking in banking sector balance sheets renders any talk of an exit strategy premature,” he said.
    
  The M3 broad money supply – watched by monetarists as a leading indicator of trouble a year ahead – has been contracting at a rate of 5.6pc over the last three months. This signals future deflation. The Fed’s “Monetary Multplier” has dropped to a record low of 0.81, evidence that the banking system is still broken.
   
  Tim Congdon from International Monetary Research said demands for higher capital ratios and continued losses from the credit crisis are both causing banks to cut lending. The risk of a double-dip recession – or worse – is growing by the day.
   
  “It is absurdly premature to think of withdrawing stimulus while bank credit is still sliding. To have allowed this monetary collapse to occur a full 18 months after the financial cataclysm is extreme incompetence. They seem to have forgotten that the lesson of the 1930s was the falling quantity of money,” he said.
   
  Paul Ashworth, US economist for Capital Economics, said that certain Fed officials are clearly worried about lending since they slipped in a warning that bank credit “continues to contract” in their latest statement.
   
  However, regional Fed “hawks” appear to have gained the upper hand. This has echoes of mid-2008 when the Fed talked of tightening, arguably setting off the chain of events that led to the collapse of Lehman Brothers later that year. China has also been calling for a halt to QE, accusing Washington of “monetizing” its deficit in a stealth default on Treasury bonds.
   
  The bank has already wound up its main liquidity operations. Concerns that the Fed may soon reverse quantitative easing altogether have caused a sharp rise in credit spreads in recent weeks.
   
  Fed chair Ben Bernanke first made his name as an expert on the “credit channel” causes of slumps. It is unclear why he has been so relaxed about declining bank loans this time.
   
  “The reason the Great Depression became ‘great’ was the contraction of credit. You would have thought that a student of the Depression like Bernanke would be alarmed by this,” said Mr Ashworth.

end

Dan Norcini: IMF Gold Sales Is A Bullish Indicator!

• To all those who are concerned about the recent IMF announcement of 191 tonnes gold sales in the open market, don’t be worried. Maestro Jim Sinclair says that it is a repeat of the 1970s: ‘It will be no different this time around. Gold will rise because of IMF selling as it did in the 1970s.’  IMF gold sales are just an attempt to manipulate the gold market. Gold is hitting record highs in Euro and UK pound. Soros has doubled his bet in gold despite saying gold is the ultimate asset bubble. Gold has rallied strongly despite of the strong manipulation. The gold cartel’s attempts are beginning to be more and more futile. Trader Dan Norcini gives us his take:
    
  After the pit session trade had already closed for the day in New York, news came out that the IMF was planning on selling the remainder of 403.3 tons of gold, 191.3 to be exact, on the open market. Gold was immediately taken down hard in the thin trading conditions, dropping more than $14 on the day.
   
  There are several things about this that should be noted. First is the timing – it comes on the heels of a resumption of the uptrend in gold with many technical indicators having moved into the buy mode. It also coincides with another brand new all time high in the price of Gold priced in Euro terms at the London PM Fix.
   
  Those of us who have been around the gold market long enough know full well that the timing of this announcement is therefore no coincidence but was timed to attempt to derail the returning bullish sentiment in the yellow metal. Why announce the sale publicly which is guaranteed to receive a lower price for the metal than if the IMF had just quietly sold the metal into the market. This is reminiscent of then Prime Minister Gordon Brown’s announcement that England intended to sell its hoard of gold. That guaranteed that Britain would receive the lowest price possible.
   
  Secondly, China was one-upped by India’s purchase of some 200 tons of gold late last year and got caught flat footed. The spin on this gold sale is that the IMF announcing that they would sell the gold into the open market means that Central Bank demand for gold is not as vibrant as the market was led to believe. That is an interesting tall tale. The simple truth is that Central Banks do not generally buy gold and announce their intentions to do so beforehand. Neither do they tend to buy when prices are moving higher as the momentum based hedge funds do. Time and time again we have seen that the CBs buy gold during episodes of price weakness. Once news hit the wire last year that India had bought 200 tons of gold, the price never looked back and shot straight to $1220+. Any Asian Central Bank that missed buying the gold as a result is certainly not going to panic and rush into the market to obtain it. They are waiting for lower prices where they will acquire the metal. To state therefore that Central Bank demand for gold must not be as robust as originally thought is quite shallow analysis.
   
  My view is that this announcement means nothing in the longer term scheme but was rather a cheap trick to take the market lower. We have already seen this week how some noted elites were pooh-poohing gold and trash talking the metal all the while they were acquiring a position in it. Nothing ever changes in this gold market. It is still one of the least transparent markets on the planet and perhaps the most prone to official sector interference.
   
  Do not be disturbed by the news. It is probably going to be a one or two day wonder and then that will be it. Gold will then go back to trading the currencies taking its cues from the action in the Dollar.
   
  Incidentally, this sale is supposedly going to be phased in over an extended period of time. Rest assured, the IMF would love nothing better than to sell the whole 191 tons in one lump sum to another Asian Central Bank.

end

Ex. British Military: The Illuminati Plans World War 3 in 18 – 24 Months!

Here is the MP3 audio version! And Click here for MP4! Transcript here!

• The Satanic cabal who rule this world undoubtedly has a plan for World War 3. My original thought was that they will trigger it during this quarter ie: Q1 2010. However, it looks like their plan has been much delayed. It looks like 2012 will be the target year for WW3. This is also what Pastor Lindsey Williams is saying. Keep in mind that they are not divine. Despite their best plans, and it is Satanic, it does not mean they will succeed. 
   
  Satanist Albert Pike and Three World Wars
  “The Third World War must be fomented by taking advantage of the differences caused by the “agentur” of the “Illuminati” between the political Zionists and the leaders of Islamic World. The war must be conducted in such a way that Islam (the Moslem Arabic World) and political Zionism (the State of Israel) mutually destroy each other. Meanwhile the other nations, once more divided on this issue will be constrained to fight to the point of complete physical, moral, spiritual and economical exhaustion…We shall unleash the Nihilists and the atheists, and we shall provoke a formidable social cataclysm which in all its horror will show clearly to the nations the effect of absolute atheism, origin of savagery and of the most bloody turmoil.
   
  Then everywhere, the citizens, obliged to defend themselves against the world minority of revolutionaries, will exterminate those destroyers of civilization, and the multitude, disillusioned with Christianity, whose deistic spirits will from that moment be without compass or direction, anxious for an ideal, but without knowing where to render its adoration, will receive the true light through the universal manifestation of the pure doctrine of Lucifer, brought finally out in the public view. This manifestation will result from the general reactionary movement which will follow the destruction of Christianity and atheism, both conquered and exterminated at the same time.” 4 
   
• The real reason for this upcoming WW3 is spiritual. Satan and his fallen angels are losing the battle in heaven. They know that their final stand is earth!
    
  Revelation 12:7-12 (New King James Version)
  Satan Thrown Out of Heaven   
  ⁷ And war broke out in heaven: Michael and his angels fought with the dragon; and the dragon and his angels fought, ⁸ but they did not prevail, nor was a place found for them^[a] in heaven any longer. ⁹ So the great dragon was cast out, that serpent of old, called the Devil and Satan, who deceives the whole world; he was cast to the earth, and his angels were cast out with him.
  ¹⁰ Then I heard a loud voice saying in heaven, “Now salvation, and strength, and the kingdom of our God, and the power of His Christ have come, for the accuser of our brethren, who accused them before our God day and night, has been cast down. ¹¹ And they overcame him by the blood of the Lamb and by the word of their testimony, and they did not love their lives to the death. ¹² Therefore rejoice, O heavens, and you who dwell in them! Woe to the inhabitants of the earth and the sea! For the devil has come down to you, having great wrath, because he knows that he has a short time.”
   
• In Revelation chapter 6, we have the vision of the 4 horsemen. The first horse is a white horse. On it is seated the false messiah, one who goes out conquering the world with a bow but without arrows. This Anti-Christ will conquer the world via peace. This is also confirmed by the next horse, a fiery red horse (‘ ….to take peace from the earth..) representing war. The white horseman implies peace otherwise the following fiery red horse representing war will not make any sense.
    
  Revelation 6:1-4 (New King James Version)
  First Seal: The Conqueror
   ¹ Now I saw when the Lamb opened one of the seals;^[a] and I heard one of the four living creatures saying with a voice like thunder, “Come and see.” ² And I looked, and behold, a white horse. He who sat on it had a bow; and a crown was given to him, and he went out conquering and to conquer.
   
  Second Seal: Conflict on Earth
  ³ When He opened the second seal, I heard the second living creature saying, “Come and see.”^{[b] 4} Another horse, fiery red, went out. And it was granted to the one who sat on it to take peace from the earth, and that people should kill one another; and there was given to him a great sword.
   
• Before the white horseman appears, it is quite clear that there will be a period of intense wars globally. Otherwise, the phrase: ‘he went out conquering and to conquer’ will not make alot of sense. We are entering this period of World War 3. This is nothing but the Hegelian dialectic, Order Out of Chaos crap! The Illuminati intend to trigger this massive war to drive the sheeple to their New World Order, One World Government, Global Fascist Police State. They will offer up their man of the hour: the Anti-Christ who will engineer the peace to follow. All these are scripted and planned by this Satanic cabal many decades in advance. Here it is:
   
  “The New World Order under the UN will reduce everything to one common denominator. The system will be made up of a single currency, single centrally financed government, single tax system, single language, single political system, single world court of justice, single state religion…Each person will have a registered number, without which he will not be allowed to buy or sell; and there will be one universal world church. Anyone who refuses to take part in the universal system will have no right to exist.”
  Assessment of the New World by Dr. Kurk E. Koch
   
  “The UN is but a long-range, international banking apparatus clearly set up for financial and economic profit by a small group of powerful One-World revolutionaries, hungry for profit and power.
  Curtis Dall, FDR’s son-in-law as quoted in his book, My Exploited Father-in-Law
   
• In this video, Bill Cassidy discusses what was revealed to him by an Ex British military man. (The audio transcript is here.) The summary is as follows:
    
  • There is a planned Third World War, which will be nuclear and biological. Our source believes that this is on track to be initiated within the next 18-24 months.
   
  • It is planned to begin with a strike by Israel on Iran. Either Iran or China will be provoked into a nuclear response. After a brief nuclear exchange, there will be a ceasefire. The world will be thrown into fear and chaos – all carefully engineered.
   
  • The extreme state of tension will be used to justify heavy social and military controls in all western first world nations. Plans are already in place for that.
   
  • During the nuclear ceasefire, there is planned to be a covert release of biological weapons. These will initially be targeted against the Chinese. As our source chillingly told us, “China will catch a cold”. Biological warfare will spread further, to the west. Infrastructure will be critically weakened.
   
  • This is intended to be just the beginning. After this, a full nuclear exchange would be triggered: the “real” war, with widespread destruction and loss of life. Our source tells us that the planned population reduction through these combined means is 50%. He heard this figure stated in the meeting.
   
  This horrific scenario has been planned for generations. The first two world wars were part of the set-up for this final apocalypse – as is the centralization of financial resources that was precipitated with the equally well-planned financial collapse of October 2008.
   
  As if all this were not enough, our source speculates this is all set against the backdrop of a coming “geophysical event” – the same kind of event as was experienced by our ancestors approximately 11,500 years ago. If this event occurs – not necessarily expected in 2012, but sometime in the next decade – it would destroy civilization as we know it, dwarfing even the effects of a nuclear war.
   
  I asked the question to our source: If there’s an expected catastrophe, then why initiate a Third World War? His answer, for the first time to me, made terrible sense.
   
  The real goal, he explained, is to set up the post-catastrophic world. To ensure that this “New World” [note the term] is the one the controllers want, totalitarian control structures need to be in place when the catastrophe occurs – with an excuse that the populace will accept and demand them. Martial law in the right, carefully chosen countries before the catastrophe occurs will enable the “right” people to survive and prosper in the post-catastrophic world, and the beginning of the next 11,500 year cycle. What may have been carefully planned on a covert global scale, for the last several generations, is nothing less than who will inherit the Earth.
   
  Who are the “right” people? The white Caucasians. This may be why the name of this project is The Anglo-Saxon Mission. Hence the justification for the planned genocide of the Chinese people – so that the New World is inherited by “us”, not “them”.
   
  Our source was not informed about the planned fate of the second and third world countries such as those in South America, Africa and Asia. But he presumes that these would be allowed to fend for themselves and probably not survive well – or maybe not at all. The totalitarian military governments of the western, white, people are set to be the inheritors.
   
  This is a plan so evil, so racist, so diabolical, so huge, that it almost defies belief. But it all aligns with what many commentators, researchers and whistleblowing insiders have been identifying for some years now. For me personally, it’s the clearest picture yet of why the world is the way it is, and why the secrets are protected so fiercely: it may be all about racial supremacy. The Fourth Reich is alive and well.
   
  Astonishingly, our source was not pessimistic. He stressed, as do we and many other researchers and commentators, that consciousness is awakening rapidly all over the planet and that THESE PLANNED EVENTS ARE NOT INEVITABLE. If ever there was a reason to work closely together to raise awareness of the real threat to us all, this is it.
   
• See also:
    
  Lindsey Williams: Reality Disk 3. World War Planned After 2 Years. It Will Be Triggered In The Middle East!
   2010: U.S. To Wage War Throughout The World!
  Illuminati: The Hidden Agenda for World Government!
  The United Nations and The Occult Agenda. The Coming One World Religious System!
  Lindsey Williams: What The Illuminati Elite Plan For 2010 and 2011!
  Lindsey Williams: What Will Happen To America in 2010!
  Lindsey Williams: Hope Disk 2. Within 2 Years The Dollar Will Be Worthless. Gold And Silver Are The Currencies Of The Elite!
  Lindsey Williams: Tragedy Disk 1. The Illuminati’s Plan For The Next 2 Years!
  Lindsey Williams: 30%-50% Dollar Devaluation in 12 Months!
  Deep Underground Military Bases (D.U.M.B.)
  ‘Doomsday’ seed vault opens in Norway

end

Russian Chief of Staff: US Plans To Strike Iran !

On Gold “Bubble,” Soros Neglects to Say He’s Been Buying!

• Is George Soros really a gold bear? Didn’t he say that gold is the greatest asset bubble in January. Never just listen to what people say. More importantly watch what they do! Wall Street Journal reports:
    
  Back in late January, as the world’s important people rubbed elbows in Davos, billionaire investor George Soros had some rather definitive thoughts to offer on gold, which he called “the ultimate asset bubble,” according to reports. However, he neglected to mention that his hedge fund had been buying.
   
  The release of a fourth-quarter holdings report from Soros Fund Management, the billionaire’s hedge fund, shows that the fund “doubled his bet on gold at the end of 2009 amid rising prices,” Dow Jones reports.
   
  To be polite, the juxtaposition of the these two facts is somewhat jarring. It would seem odd that Mr. Soros would jawbone down gold holdings that he already owned. (Unless of course, he wanted to scoop up some more at reduced prices.) Or perhaps, Mr. Soros had already sold out of his position by the time he made the comments in late January. As with the statistics on the back of baseball cards, the data we get from SEC filings is always stale. And the latest only go through Dec. 31.
   
  Or of course, it could be the fact that Mr. Soros is just saying what he thinks. There’s a bubble out there. And while they tend to be rather messy when they pop, people — including himself — can make a lot of cash riding them as they inflate.

end

Webster Tarpley: Establishment Will Blackmail Obama Into Attacking Iran!

Part   5

9/11 The Road to Tyranny

• This is a great documentary on the history of government false flag operations to launch imperialistic wars and to oppress the people. Alex Jones documents all the evidence to show that 9/11 is but another false flag operation. It places the blame on the Muslim people and provides a convenient excuse to conquer Afghanistan for the oil pipeline infrastructure and Iraq for oil. Documents clearly show both wars were well planned ahead of the 9/11 event.
   
• The world is ruled by a cabal and things are rarely what it appears to be. This secret cabal is driving us towards their New World Order, one world government, global fascist police state. 9/11 was their major operation towards this vision.

end