Ron Paul: They’re Going To Destroy The Dollar!

Bob Chapman: Global Financial Conflagration, Fiat Money Buckling Under Unpayable Debts Pressure!

• The sovereign debt crisis is revealing what fiat currencies really are: A Con-Job! Smart money are dumping Euros, UK Pound and Yen for gold. You cannot debase gold ! Gold is accepted worldwide as money. We are heading towards a global financial, economic and monetary meltdown in about 12 months! Bob Chapman writes:
   
  America and the world face a financial conflagration of immense proportions. The world of fiat money and massive credit is buckling under the pressure of unpayable debt. Each day the safe haven of gold and silver related assets become more attractive. We ask where else do you go for safety? A conflagration is a fire out of control and that is exactly the conditions the world faces today. The inflationary depression has smoldered for 14 months and it will soon accelerate.
    
  For the last 15 years the world has lived far beyond its means especially the US, UK and Europe and as we all know that cannot continue indefinitely. The federal government continues to hire when it should be firing. Having lost 80% of our industrial base we struggle in a service economy that cannot service 300 million plus people, never mind supply exports to offset the cost of imports that we no longer manufacture. We now supply indefinite unemployment benefits, which in reality cannot go on forever. The fiscal debt spirals ever higher and the Fed creates money and credit with no end in sight, which devalues the dollar. Taxation on individuals and businesses continues relentlessly higher. This is the way of corporatist fascism. This is now the way of America.
    ….
  In Europe we see the manifestations of years of reckless spending in Greece., a nation that will have to be bailed out by the IMF and other European countries, especially by Germany that holds much of the worthless bonds issued by Greece. Greek bonds are now yielding 17%. Such a premium will not save the economy. The debt service is unpayable. Greece should leave the euro zone; reissue the drachma and default, now. Their position is untenable. We said this on Athens International, French International, BBC worldwide and Deutsch Welle radio a few weeks ago. The Greeks certainly are not blameless, but 80% of the blame lies with the bankers. The outcome is Inevitable, whether it’s now or 1-1/2 years from now. These problems affect all euro zone nations and all will suffer accordingly. For the time being most of the damage to the euro is over, but in time the euro will break up, probably in the next two years. As a result official EU unemployment will hit 14%.
   
  We do not believe the powers that be want Greece to bite the dust just yet, as we pointed out previously. We believe they envision a simultaneous collapse of many nations and multilateral devaluation and debt default. This is their style. This way they believe they can control things and cover up one of the biggest transfers of wealth and power in history. The elitists expect to then usher in world government, as they create another world war.
   
  Those who recognize what the elitist plays are can safeguard their assets and perhaps become very wealthy in that process. Those who ignore the signs and warnings are doomed to lose most everything. Political solutions won’t work now and they won’t work later.
   
  The life of the euro zone and the EU, which consistently have been wrong, at least for now, are trying to make us believe all is well. All is not well. We are told over and over again the crisis won’t spread and it will spread and is spreading. Borrowing costs are already rising in Portugal, Spain, and Germany and throughout Europe.
   
  The euro zone is in jeopardy as Greek contagion affects Portugal and Spain. Sovereign debt is the new subprime paper. We could perhaps see a domino effect as bond yields use in the weaker countries and eventually spread to the stronger European countries, and to the UK and US. The problem will eventually affect the entire world if it rolls out that way. Such a situation could cause a crisis of confidence, which would most certainly drive gold and silver prices higher. Bond markets would already have been affected and world stock markets would be falling. We are perhaps seeing that already with a topping in the US and European equities suffering their largest losses this year. In Europe, Greek bond losses are onerous. A bailout of Greece will probably come and their debt rescheduled. If the bailout doesn’t come watch out. The fallout of a Greek default, the exit from the euro, and the reintroduction of the drachma could force the other 18 nations in trouble to the edge if not into insolvency. These ideas are what we expressed this week in an interview with Greece’s largest newspaper. In addition we could see the dumping of PIIGS bonds and stocks. This could cause major losses and freeze markets. It could also lead to the demise of the euro zone and deeply damage the EU. Another unexpected outcome could be the withdrawal of Britain from the EU followed by the imposition of tariffs on goods and services by the UK, which would be followed by the US.
   
  Another aspect to the Greek problem is that rating cuts are going to force Greek banks to post more collateral, which would force them into a liquidity trap and that could spread the contagion through the global financial system. If more collateral is not forthcoming the banks’ bonds would be downgraded. This also could cause Greek banks to sell assets, putting more pressure on an already weak system. Is it no wonder that gold and silver prices are rising?
   
  In spite of all this the euro zone has the fiscal capacity to backstop banks within the region and to support the PIIGS. The question is will they? Germany seems to be in no hurry to do so. Greece needs loans or to float bonds in the amount of $350 billion over the next five years, which is a tall order. The present approach is to solve this year’s problems of some $80 billion, but bondholders are looking out five years. They are saying to themselves what is going to happen next year and up to five years from now. One good thing is if the Greeks stay in the euro zone they cannot monetize debt away and ruin bond values. Seventy percent of Greeks oppose dealing with the IMF, or accepting loans from the EU. We ask then what do they propose? This is why many investors are throwing their hands in the air and opting to buy gold throughout Europe. No matter which way Greece takes gold is really the only good hedge against a devaluing euro. Gold is not only a hedge against the euro, but also against commodity inflation. A recovery, if it did take place in Europe, would cause higher inflation as well. Causing conflict on the inflation issue is the ECB’s opinion that there is no inflation, when even officially there is. Germany had best not press Greece too hard, because if Greece leaves the euro it would rock global markets. We believe a deal will be done and that will temporarily solve the problem, perhaps for 1 or 1-1/2 years. That is when all the financial derelicts will be taken down together.
   
  …. to continue reading click here!

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Moving Out of Currencies And Into Gold !

• The smart money are moving into gold away from fiat currencies. You should do the same before the sheeple awaken and the stampede starts. CNBC reports:
   
  Investors with Euro denominated holdings are moving out of currencies and into gold, says Alex Barrett, head of client research at Standard Chartered.
   
• Eric King of KingWorldNews.com writes:
    
  Eric King: This statement from Alex Barrett says it all, “Gold in Euros is at record highs and I think that people not just in Europe but across the world are losing faith in a lot of the fiat currencies and are actually heading towards real assets.” This is exactly the kind of thing you would expect to see in phase II of this secular bull market in gold. Big money flows into hard assets including gold and silver and also more institutional involvement. Contrarians may worry that gold is getting on more investors radar screens but this is simply the nature of bull markets.
   
  Phase II of secular bull markets are longer than phase I so it will most likely go on for years before the manic phase III begins. Alex Barrett also remarked about the flow of funds, “…and that’s going to continue until we see this loose monetary policy start to get tightened up, so until then just keep investing.” Well there you are, we do not expect tight monetary policy just jawboning so the flow of money into both gold and silver should continue and accelerate for years which is supportive of a long phase II leading into the final crescendo of phase III.
   
  If you understand the 3 stages of a secular bull market it makes it much easier to hold on during the reactions or shakeouts. Seasoned investors always look to accumulate during major corrections inside of secular bull markets because the wind is at their backs longer-term. For those who have a hard time buying during the major drawdowns they can simply use James Turks advice which is to dollar cost average by making purchases each month. This is sound advice from James and it helps remove emotion for some investors. The most effective way to make money in bull markets is simply to buy and hold, this is a fact but it requires tremendous patience.

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Fears for Crops as Shock Figures from America Show Scale of Bee Catastrophe! The World May Be on the Brink of Biological Disaster After News That a Third of US Bee Colonies Did Not Survive the Winter!

Catastrophic collapse: More than three million colonies in America and billions of bees worldwide have died since 2006.

• With food inflation kicking in big time in India and China, global famine looks about to start. This food price inflation has alot to do with the flight from fiat currencies into commodities. Yes, it is true that food stocks are at their lowest in decades. But because of the falling USD, commodity prices are rising. Fundamentally food price will rise because of shortage but not as dramatically. Financial speculation is probably playing a big role here.
   
• With news of the massive catastrophic collapse of bee colonies worldwide, the fundamentals are clearly pointing to worldwide famine in the coming few years. Coupled with fiat currencies collapse, the world is in trouble.
   
  Bee numbers plummet as billions of colonies die across the world
  The world faces a future with little meat and no cotton because of a catastrophic collapse in bee colonies, experts have warned. Many vital crops are dependent on pollination by honeybees, but latest figures show a third failed to survive the winter in the U.S. More than three million colonies in America and billions of bees worldwide have died since 2006.
    
  Pesticides are believed to be a key cause of a crisis known as Colony Collapse  Disorder (CDD), damaging bee health and making them more susceptible to disease. But scientists do not know for certain and are at a loss how to prevent the  disaster. Other potential factors include bloodsucking parasites and infections. Some experts believe bees are heading for extinction.
   
  The number of managed honeybee colonies in the U.S. fell by 34 per cent last  winter, according to a survey by the country’s Agricultural Research Service,  and some commercial beekeepers have reported losses of more than 60 per cent  over a year.
   
  Fears for crops as shock figures from America show scale of bee catastrophe
  The world may be on the brink of biological disaster after news that a third of US bee colonies did not survive the winter
  Disturbing evidence that honeybees are in terminal decline has emerged from the United States where, for the fourth year in a row, more than a third of colonies have failed to survive the winter.
   
  The decline of the country’s estimated 2.4 million beehives began in 2006, when a phenomenon dubbed colony collapse disorder (CCD) led to the disappearance of hundreds of thousands of colonies. Since then more than three million colonies in the US and billions of honeybees worldwide have died and scientists are no nearer to knowing what is causing the catastrophic fall in numbers.
   
  The number of managed honeybee colonies in the US fell by 33.8% last winter, according to the annual survey by the Apiary Inspectors of America and the US government’s Agricultural Research Service (ARS). The collapse in the global honeybee population is a major threat to crops. It is estimated that a third of everything we eat depends upon honeybee pollination, which means that bees contribute some £26bn to the global economy.
   
  Potential causes range from parasites, such as the bloodsucking varroa mite, to viral and bacterial infections, pesticides and poor nutrition stemming from intensive farming methods. The disappearance of so many colonies has also been dubbed “Mary Celeste syndrome” due to the absence of dead bees in many of the empty hives.
   
  US scientists have found 121 different pesticides in samples of bees, wax and pollen, lending credence to the notion that pesticides are a key problem. “We believe that some subtle interactions between nutrition, pesticide exposure and other stressors are converging to kill colonies,” said Jeffery Pettis, of the ARS’s bee research laboratory.
    …..
  Dave Hackenberg of Hackenberg Apiaries, the Pennsylvania-based commercial beekeeper who first raised the alarm about CCD, said that last year had been the worst yet for bee losses, with 62% of his 2,600 hives dying between May 2009 and April 2010. “It’s getting worse,” he said. “The AIA survey doesn’t give you the full picture because it is only measuring losses through the winter. In the summer the bees are exposed to lots of pesticides. Farmers mix them together and no one has any idea what the effects might be.”
   
  Pettis agreed that losses in some commercial operations are running at 50% or greater. “Continued losses of this magnitude are not economically sustainable for commercial beekeepers,” he said, adding that a solution may be years away. “Look at Aids, they have billions in research dollars and a causative agent and still no cure. Research takes time and beehives are complex organisms.”
     …..
  Bee farmers in Scotland have reported losses on the American scale for the past three years. Andrew Scarlett, a Perthshire-based bee farmer and honey packer, lost 80% of his 1,200 hives this winter. But he attributed the massive decline to a virulent bacterial infection that quickly spread because of a lack of bee inspectors, coupled with sustained poor weather that prevented honeybees from building up sufficient pollen and nectar stores.  

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Gordon Duff: Stage Being Set For “Dirty Bomb” False Flag Nuclear Detonation in a US City! Times Square Bomb Hoax, Israeli Intel Group Shows It’s Hand !

Operation BlackJack. Nuclear Attacks on Major Cities Scenario. Source: http://www.telegraph.co.uk

• The Illuminati intend to engineer a false flag event even more massive than 9/11 to start off their Satanic World War 3 plan. Obama has been spreading the word, sowing the seed via the MSM about nuclear terrorism. This is a massive psyop to prepare the world for this coming nuclear false flag attack in America.
   
• This coming false flag nuclear attack has been planned for a long time. Pastor Lindsey Williams is correct: the Illuminist shadow government always reveal/hide their intentions in plain sight. They use the MSM and Hollywood actively to project their intentions as a preparatory psyop against the sheeple. So that when the plan is activated the sheeple will be deceived into believing who the real culprits are! Take note of these, to understand what is about to happen!
   
  The Illuminati Card Game. 9/11 Predicted in X-Files Spin Off 
  Operation BlackJack. Terrorist Nuclear Attacks on London, New York, Washington DC, Toronto, Portland, Los Angeles.. Scenario
   
• Remember: war is always by deception! Whoever they suggest are the terrorists are not the real culprits. Whenever, an event like 9/11 happens, human beings reel in horror and shock. People will revert to their basic emotions of fight or flight. They will revert to their primitive R-Complex Brain. This is when reason is thrown out of the window and emotions reign. This is when the sheeple are deceived. Psychological Operations (psyops) are used all the time by the Illuminist controlled intelligence agencies and MSM!
    
• Gordon Duff writes for www.VeteransToday.com:
   
  Gordon Duff: Stage Being Set For “Dirty Bomb” False Flag Nuclear Detonation in a US city
  Rumors of an upcoming terror attack to be blamed on Iran are moving around the world, “backchannel chatter.” The primary suspect is Israel who is said to have a number of small “suitcase” type nuclear weapons, some primarily “dirty bombs,” possibly supplied secretly by a previous US administration. These devices are in the “40 ton” range, highly radioactive, extremely small and can be engineered to leave the signature of a primitive device. They were originally designed for use against Soviet armor and troop concentrations in Europe if a massed attack on NATO were to occur. Current conventional systems have made this type of weapon obsolete.
    ….
  Israel has never been in more trouble today, not from any imaginary Arab armies or a “holocaust” from Iran, a country with only minor defensive weaponry, a 4th rate military power, for those who really pay attention to these things. Israel has gotten in trouble because of “chickens coming home to roost.” Americans and Europeans have been conditioned by the press, yes, Israel controls the press in the US, Europe, Australia, New Zealand and elsewhere, to ignore ethnic cleansing and war crimes in Palestine. Years of news and “infotainment” along with movies and TV series, always depicting Palestinians as crazed murders has done its job, covered mass murder in ways that Josef Goebbels could never do for Hitler.
   
  Things started to go wrong for Israel when top military leaders became increasingly suspicious of 9/11. None will openly admit to it, but as years have gone on, and Iraq and Afghanistan could no longer be called real security issues for the US, an unspoken movement toward lending a suspicious eye to Israeli involvement in 9/11 has festered. Israel’s hand in propagandizing our news has become too obvious for trained observers to miss, with the direction not “pro-Israel” but looking more like a country covering for crimes.
   
  GORDON DUFF: TIMES SQUARE BOMB HOAX, ISRAELI INTEL GROUP SHOWS IT’S HAND
  Who would have believed it?  Only days after a warning of an Israeli “false flag” bombing against the US “in the works” a massive car bomb is discovered in Time Square!  Better yet, though no intelligence organization in the world could discover anyone claiming responsibility for this embarrassing failure, SITE Intelligence, a group rumored as the “voice of the Mossad” has placed the blame on the Pakistani Taliban.
   
  This is the same group that has come up with numerous bin Laden “audio” tapes, seemingly, though tiny and nearly totally unstaffed, whenever it is convenient for Israel to point a finger at someone, magically Site Intelligence, run by former IDF soldier Rita Katz, whose father was executed as a spy by Saddam Hussein, makes another “unbelievable” intelligence find.
   
  Site Intelligence finds are not only timely for Israel, when the world is focused on claims they have been planning a ‘dirty bomb’ attack to send the US to war against Iran, but always tend to support mysterious organizations run from the caves of the Afghanistan/Pakistan border region.

Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

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South Korean President Calls Up Top Commanders to Discuss Security! Defense Minister Vows Retaliation for Cheonan Sinking !

• The chess pieces are being setup for a Korean war. It will in all likelihood be nuclear. This is but another piece in the World War 3 end game. North Korea has denied involvement in the sinking of the war ship Cheonan. If not North Korea than who did it? There is a distinct possibility that this is an Illuminist engineered false flag event to ignite war in the Korean peninsula. It will allow massive deployment of US (nuclear) forces in South Korea. The ultimate chess move against China. In war, it is always about deception and deflection to keep your enemy off guard.
   
• China itself ain’t dumb, their naval (submarine) forces have been spotted close to Okinawa. The site of US military bases. Quite obviously on a recce mission. China has enough economic might to break the Illuminist central banking and fiat currency hegemony. Most of Asia will align themselves to China should China seek to part ways with the western Illuminist financial and economic hegemony.
   
  Japan says Chinese submarines, ships seen near Okinawa
  (April 14, 2010) Japan’s defense minister said yesterday that Tokyo was investigating an incident in which two Chinese submarines and several warships were spotted in international waters off the southern island of Okinawa.
   
  “We are now conducting a detailed analysis, and will decide on our response after a thorough investigation, including whether there was any intent toward this country or not,” Japanese Defense Minister Toshimi Kitazawa said.
   
  President calls up top commanders to discuss security
  Emergency meeting is the first of its kind called by the head of state.
  For the first time in the 62-year history of Korea’s military, a president will chair an emergency meeting of top commanders to discuss the national security crisis prompted by the sinking of the Navy warship Cheonan near the inter-Korean border.
   
  About 150 commanders from the Army, Navy and Air Force will attend the meeting with President Lee Myung-bak tomorrow, according to Blue House spokesman Park Sun-kyoo.
   
  “President Lee will discuss the task that the Cheonan’s sinking has put before our people and military, and reveal his position as the chief commander of the armed forces,” Park said. 
   
  Defense Minister Vows Retaliation for Cheonan Sinking
  Defense Minister Kim Tae-yung on Sunday threatened North Korea with retaliation if it is found to have been behind the sinking of the Navy corvette Cheonan on March 26. “Retaliation — whatever form it takes — must be done,” Kim said on KBS TV. The possibility of a vicious cycle of retaliation “must clearly be considered,” he said.
   
  The minister was echoing Chief of Naval Operations Adm. Kim Sung-chan’s pledge during Thursday’s funeral for the 46 sailors killed in the shipwreck that whoever caused the tragedy would not be forgiven and get away.
   
  “We must investigate the exact cause of the shipwreck to the last. And I think those responsible for killing our soldiers must pay the price,” Kim said.
   
  Former U.S. Forces Korea commander Burwell Bell, meanwhile, called for strict blockade measures if North Korean involvement in the sinking of the Cheonan is proved.

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