Steve Quayle: Luciferian Take Down of World Banking System, False Flag Attack, Torture Cells, Martial Law, World War 3 …..

Marc Faber: Nations Will Print Money, Go Bust, Go To War …. We Are Doomed !

• Marc Faber understands history pretty well. What is ongoing is much like what happened during 1929-1939. After which, the world went into full-blown WW2. During that period, the 2nd leg down was triggered by an European default too. The Illuminists know their history, they have a written script to follow. America is being ‘Nazified’ to play the devil in the coming World War 3. Americans must wake up and take back their country from these Luciferians who are screwing them!
   
  Today the leading Austrian economic think tank, the Ludwig von Mises Institute held a conference at the University Club in Manhattan in which Marc Faber, famed contrarian investor and publisher of the “Gloom, Boom and Doom Report” gave his perspective on the financial crisis and his outlook for the future. Below are his main points and entertaining quotes:
   
• Central banks will never tighten monetary policy again, merely print, print, print
• Bubbles used to be concentrated in 1 sector or region in the 19th century, but off of the gold standard this concentration has ended
  ….
• US housing bubble that Greenspan could not spot (even though he has recently spotted bubbles in Asia) stands in stark contrast to that of Hong Kong in 1997, where prices fell by 70%, yet none of the major developers went bankrupt; this was a result of a system not built on excessive debt like that of the US
• “You have to ask what they were smoking at the Federal Reserve,” during the housing bubble, as prices were increasing by 18% annually when interest rates started to steadily rise in 2004
• Over the last couple of years, when the gross increase in public debt has exceeded the gross decrease in private debt, markets have risen, whereas when private debt growth has outpaced public debt growth, markets have tanked
• The next 3-5 years will be highly volatile 
• Americans must re-think what constitutes a safe asset; in a “traditional” period, one would generally rank from most to least safe assets: cash, Treasuries, corporate bonds, equities, commodities
• However, last year Economist Gregory Mankiw articulated the position which according to Faber essentially echoes that of Fed #2 Janet Yellen and pervades much of the Fed generally, that “The problem is that people are saving money instead of spending, and we have to get the bastards spending to keep the economy going,” so the key is to inflate the money supply at something like 6% per annum
• Thus, Faber says “As far as I’m concerned, the Federal Reserve will keep interest rates at 0, precisely 0…in real terms”
• As such, cash and longterm bonds will be a bad place to hold one’s money; equities are an avenue to preserve wealth (but this is a risky proposition, given the effects of rampant currency depreciation); precious metals are a sound place for wealth preservation
• As for the US being the most important economy for the world, there is a sea change going on right now; recently car sales in emerging economies (such as Brazil, China) are outpacing those of the US, Europe and Japan; oil consumption in emerging markets is increasing, while in the developed world it is contracting; the whole world does not depend on American consumption anymore – 60% of total exports are now going to the emerging world when one includes E. Europe; the US is still a large economy but it is not growing, while the growth in the emerging world is and will continue to be strong
    ….
• Contrary to what the talking heads are saying, markets are not out of control, central banks are out of control printing money
    ….
• The shift in economic power from West to East has been remarkable in speed, largely due to the rapid industrialization of the emerging world and the speed at which information travels today
• There will be a massive increase in resource-intensive industries and new export markets, met with increased volatility and tension around the world
• The supply/demand characteristics of oil are great due to the need for oil in China, India, rest of Asia
• Oil is the top priority for China, as they are now a net importer
• US has a huge strategic advantage over China given that we have access to our own oil, and that of Mexico, Canada, the Middle East and off the western Coast of Africa, in addition to the ability to travel on the Atlantic or Pacific Ocean; meanwhile, China sources 95% of their oil from the Middle East, and while they are building pipelines throughout Eastern Europe for example, their oil supply points in terms of ports for example are limited, and the US has defense bases surrounding these areas; Chinese subs could sink our boats however; the Russians are also not happy about our forces being in the region, and tensions will grow as the need for natural resources in these nations grows
• Eventually, there will be war and one will want physical commodities “not paper from UBS or JP Morgan”
• In war, cities will not offer safety because one can get bombed, water may be poisoned, electricity shut off; instead, one should buy a house in the middle of nowhere/on the countryside
• The tremendous economic Sophism of the day is that a nation can print its way into prosperity; “If debt and money printing equaled prosperity then Zimbabwe would be the richest country.”
• “Mugabe is the economic mentor of Ben Bernanke.”
• Our fiscal situation is much more horrendous than it is made out to be; total debt (public and private) as a percentage of GDP counting unfunded liabilities is an astounding 800% of GDP, more than double that during 1929
• Sovereign credits in the Western world are all bankrupt, but before bankruptcy governments will print money; US government leaders will try to postpone the hour of truth, pushing the problems off till succeeding Presidents and Congressmen
• If deficits didn’t matter as many like Economist James Galbraith argue today, why should citizens even pay taxes?  It would make everyone happier if they didn’t
    ….
• In an environment of money-printing and high volatility that exists in the US and that will be created by future policy, physical gold is the best thing to own
• Once currency depreciation does take place, stocks may become very cheap, as happened when the Mexican peso depreciated by 95% in the early 80s, as the fund managers invested in Mexican equities completely undervalued them after currency collapse
• In a nutshell Faber says he is essentially bearish on everything, though he favors commodities (especially physical precious metals and agriculture), owning a house in the countryside, equities in emerging markets tied to resources (especially necessities like water and oil) and healthcare, and most of Asia including especially Japanese stocks
• There is no means of avoiding a total collapse in the West; at the first train station in 2008, the financial system went bust but didn’t die, at the next station nations will go bust (though this could take 5-10 years or less), but first they will print money as this is the most politically tenable option, and ultimately the world will go to war
• All of us will be doomed
   
  Bear in mind that Faber said all of this quite matter-of-factly. Even if you disagree with his points on the trajectory of the West, it cannot hurt to understand and prepare for the worst case scenario while still hoping for the best.

end

Is the U.S. Government Planning War to Quell the Tide of Economic Unrest?

• All the signs show that the Illuminists are planning something big. They will trigger a false flag (nuclear?) attack against America and start World War 3. The situation in Iran and the Korean peninsula are just the positioning of the chess pieces to start this war. When they will start this war is debatable. But I will be surprised if it is not triggered by mid 2011.
   
  In my opinion and in a word: Yes! Headlines:
   
  - “READY FOR WAR,” “U.S. Military told to get ready in Korea Standoff, Obama orders commanders to prepare ‘to deter future aggression.’” By Drudge and MSNBC
  - “U.S. Begins Massive Military Build Up Around Iran, Sending Up To 4 New Carrier Groups In Region” by Tyler Durden
  - “Clinton: Korea Must Face ‘Consequences’ For Sunken Warship”
  - Homeland Security, Northeast Intelligence Network: “The Syrian Missile Crisis: Threat of War Very Real”
  - “The Expanding U.S. War in Pakistan” by Jeremy Scahill
  - “Yemen, Latest War Front?” by CBS News
   
  These are but a very few of the recent headlines about more U.S. war, but the Iranian and Korean situations are the most dangerous, and the threats against Iran I think the most real.
   
  United States wars are virtually all wars of aggression, so it is quite evident that U.S. wars are “fought” for reasons other than self-defense. That means there are ulterior motives involved that are not related to moral behavior, but instead to nefarious intent. This is a disturbing revelation, and one little understood by the American masses. It is one however, that if more understood, could literally blow the lid off the notion that the purposeful buildup of the military–industrial complex is for the defense of this nation! This thought scares the life out of those in power who need to keep the populace scared to death at all times in order to propagate their crimes.
   
  Our economy, as is the case for much of the rest of the world’s economies, is currently imploding. Since all major economies in the world are based on valueless, un-backed, and worthless money, this situation should have been evident to the mainstream long ago. Of course the failing economy is just one piece of the puzzle, but it is most definitely the most important piece. With a so-called vibrant economy over the past decade or so, even though it was based on lies and deceit, and was a complete sham, the general population was easy to control during these so-called “prosperous” times. With the real economy now being exposed for the fraud that it is, and the real risks becoming more evident, the once complacent citizen is now becoming angry. Because of this, the evil U.S. federal government must find a new method of fooling the masses into believing in “their” government and country. War is the obvious answer, as war solidifies the putrid and false nationalistic worship of the peasants more than any other ploy.
   
  In my opinion, any bad economic news, any exposure of the current economic fraud, any sovereign government risk of collapse, any higher unemployment or excessive price inflation, will anger the majority and vastly escalate the government’s need to start another war. It cannot afford to let the situation get out of hand, as there are many more of us than there are of them, so whatever becomes necessary in the mind of government in order for it to effect its manipulation and control over the people will be implemented. If that is a purposely orchestrated and unnecessary war, then so be it.
   
  The openness of these plans and the blatant steps being taken by the federal government to protect its power are disturbing to say the least. Even with this openness however, most are still in the dark. Since 2001, our civil rights have been for the most part destroyed. Laws have been enacted that allow the government to capture and hold indefinitely any citizen it deems a risk, and without the possibility of charge or trial. Legislation to open and construct holding camps [see here] has been proposed and plans to implement this process are being prepared for today. Martial Law is now not just a possibility but a probability. This government in my opinion is at the same time preparing for both Martial Law and war to quell the tide of possible civil unrest due to economic instability or collapse. This is astounding, as both ends of the spectrum are being covered by Leviathan’s planned course of action. This should frighten all of us!
   
  This time around the false flag event(s) leading to another war should immediately be scrutinized and brought to light, and those who expose the forthcoming government and neo-con lies should not be considered conspiracy nuts, but rather truth-tellers and heroes. I am warning you in advance, as so many others have done before me, that the next war will be pre-planned and calculated. The federal government’s actions are no longer hidden, and the motive for its criminal and murderous behavior is there for all to see. Obviously, those who now rule over us are confused and dazed, but they are nonetheless prepared to do what is necessary to keep their position of power intact. This government will not consider the means, but only the ends, so that justification will then become more palatable to those so easy to fool.
   
  The dangers of this situation are tremendous. A war with Iran will upset not only the entire Middle East, but the whole world. The terrorism risk due to blowback will increase dramatically; this in and of itself helping the guilty government to perpetuate the crime, all the while gaining even more power and authority over us. Not only will many more innocents abroad be murdered, but many more Americans will also have to die as fodder for the cause of the elite.
   
  These situations are not accidental but designed, and they are designed so that the few can survive in luxury, while the rest of us suffer. When will the common man come to the realization that government in a now totalitarian society like ours is not of the people, by the people, and for the people, but that people are of the government, by the government, and for the government? Only when all individuals are sovereign and free, and in total control of the State will this paradigm shift back to its original design.

end

Is Europe Heading for a Meltdown?

• Not just Europe but the world is heading towards a meltdown by Q4 2010. The Greece bailout was no bailout at all. It has made the sovereign debt problem even bigger and a Greece default will drag down the entire Eurozone. There is no doubt that the Illuminist money power wants to crash the entire world economically, financially and monetary wise. War is planned. The agenda is to destroy the current world order and bring about their New World Order.
   
  This financial crisis is worse than the sub-prime crash of 2008 because the sums are so much bigger and it is governments that are in dire straits. Edmund Conway explains the dangers. Mervyn King, the Bank of England Governor, summed it up best: “Dealing with a banking crisis was difficult enough,” he said the other week, “but at least there were public-sector balance sheets on to which the problems could be moved. Once you move into sovereign debt, there is no answer; there’s no backstop.”
    ….
  The European financial crisis may look and smell rather different to the American banking crisis of a couple of years ago, but strip away the details – the breakdown of the euro, the crumbling of the Spanish banking system to take just two – and what you are left with is the next leg of a global financial crisis. Politicians temporarily “solved” the sub-prime crisis of 2007 and 2008 by nationalising billions of pounds’ worth of bank debt. While this helped reinject a little confidence into markets, the real upshot was merely to transfer that debt on to public-sector balance sheets.
   
  This kind of card-shuffle trick has a long-established pedigree: after the dotcom bust, Alan Greenspan slashed US interest rates to (then) unprecedented lows, which helped dull the pain, but only at the cost of generating the housing bubble that fed sub-prime. It is not so different to the Ponzi scheme carried out by Bernard Madoff, except that unlike his hedge fund fraud, this one is being carried out in full public view.
     
  The problem is that this has to stop somewhere, and that gasping noise over the past couple of weeks is the sound of millions of investors realising, all at once, that the music might have stopped. Having leapt back into the market in 2009 and fuelled the biggest stock-market leap since the recovery from the Wall Street Crash in the early 1930s, investors have suddenly deserted. London’s FTSE 100 has lost 15 per cent of its value in little more than a month. The mayhem on European bourses is even worse, while on Wall Street the Dow Jones teeters on the brink of the talismanic 10,000 level.
   
  Whatever yardstick you care to choose – share-price moves, the rates at which banks lend to each other, measures of volatility – we are now in a similar position to 2008. Europe’s problem is that the unfortunate game of pass-the-parcel came at just the wrong moment. It resulted in a hefty extra amount of debt being lumped on to its member states’ balance sheets when they were least-equipped to deal with it.
     ….
  There are plenty of episodes in history when countries have been as indebted as they are now, but they are all associated with periods of war. History shows that when nations reach as high a level of indebtedness as Greece, and have as few prospects of growth, they will almost certainly default. 
     …..
  The problem is not merely that holders of Greek government debt would dump their investments, or even that they would ditch their Spanish and Portuguese bonds while they were at it. It is that government debt is the very bedrock of the financial system: should Greek government bonds collapse, the country’s banking system would become insolvent overnight. In fact, banks throughout the euro area would be at risk, given that they tend to hold so much of their neighbours’ government debt. That, at least, is the theory, but as was the case in the aftermath of Lehman’s collapse, no one really knows how great their exposure is.
     …..
  And all the while, the euro continues to fall as investors mull its fate. The single currency can survive – but only if its members agree to more political union, and the prospect of that would be about as palatable to the people of Europe this summer as an ouzo and retsina cocktail.

end

Panicky Greeks Paying Over $1,700 Per Ounce For Physical Gold !

Liberty Gold Coin

• What is happening in Greece is about to be repeated all over the world in the coming year. The world is heading towards a global currency crisis.
   
  Panicky Greeks Paying Over $1,700 Per Ounce For Physical Gold
  The fear running through the Greek populace is that the nation’s government may default on some of its debts. Since 1965, the Greek government has imposed restrictions on trading British Sovereign gold coins (gold content .2354 oz).  Despite those restrictions, the Bank of Greece reports that it is selling an average of more than 700 coins per day to worried Greeks.
   
  In the first four months of 2010, the Greek central bank sold more than 50,000 sovereigns at its main downtown Athens office.  Bank officials estimate that at least 100,000 other coins changed hands on the black market.  The Bank of Greece has received as much as $409 per coin, which works out to a price of more than $1,700 per ounce of gold!  Prices paid on the black market are reckoned to be even higher.  A popular spot for street vendors to sell their coins is near the Athens Stock Exchange.  There the traders wait for citizens to bring payments received from unloading their paper assets like stocks and bonds.

end