FreeMason Netanyahu: Israeli Army Ready For Anything!
War monger and FreeMason Netanyahu!
- “To you, Sovereign Grand Inspectors General (of the 33rd degree), we say this, that you may repeat it to the brethren of the 32nd , 31st and 30th degrees – The Masonic Religion should be, by all of us initiates of the high degrees, maintained in the purity of the Luciferian doctrine. … Yes, Lucifer is God … “ Albert Pike, Morals and Dogma of the Ancient and Accepted Scottish Rite of Freemasonry in 1871 (blasphemy)
- Who does Freemason Netanyahu serve? The God of the Bible? I don’t think so! FreeMasonry has its roots in the Jewish Cabala, Jewish mysticism. Of course, calling it Jewish is an insult to Jacob. Modern Judaism is not the religion of the Bible. It is mainly Babylonian Talmud and the Cabala. These form the basis of modern Satanism. Higher order FreeMasons ie. 30th and above are all willing/knowing Luciferians.
Freemason Israel Prime Ministers, 1948-2008
… A total of thirteen different people have served as Prime Minister of Israel. [including "acting" PM's] Four of those people have served on two non-consecutive occasions. Of these 13 people, documentation and/or references found thus far indicate at least eight (8) of these people are (were) Masons:
David Ben-Gurion – Freemason
Moshe Sharett
Levi Eshkol
Yigal Allon
Golda Meir – Co-Mason
Yitzhak Rabin – Freemason
Shimon Peres* – Freemason and Jesuit (Roman Catholic) trained
Menachem Begin
Yitzhak Shamir
Benjamin Netanyahu – Freemason
Ehud Barak – Freemason
Ariel Sharon – Freemason
Ehud Olmert** – Freemason
Illuminati (Freemasons) in control of Israel
Masons: Masters of Israel and the World
“The rise of Masons to political power in Israel dates back to 1948 and to Israel’s founding as a modern-day nation. David Ben-Gurion, its first Prime Minister, was both a Mason and an avowed Marxist-Leninist and Communist. Since that time, every single Prime Minister has been a high-level Mason, including Golda Meier, who was a member of the women’s organization, the Co-Masons.”
….
“Former Prime Minister Benjamin Netanyahu has publicly stated (see the Israeli publication Shishi, Spring 1994) that he was initiated into the Masonic Lodge while in the United States. The La Republica newspaper stated that Prime Minister Yitzak Rabin was active in Masonry and estimated there are 4,000 Israeli Freemasons, divided into 76 lodges. Most Israeli judges and religious figures are Masons. Rothschild-supported Hebrew University in Israel has erected an Egyptian obelisk, symbol of Freemasonry, in its courtyard, and inside the new Israeli Supreme Court building is a law library architecturally designed in the shape of an Egyptian pyramid.”
- Netanyahu is an Illuminati FreeMason. He is simply playing his ‘ordained’ role to foment fear and hate in Zionist Israel. To gear Zionist Israel for the coming great blood sacrifice in Palestine. Zionist Israel will be destroyed in this coming Satanic Greater Middle East War: Zionist Israel vs Muslim World. But before it is destroyed, it will be used (as useful idiots) to destroy the Muslim world.
“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. …. Albert Pike, Satanic World War 3 Plan.
- Here is my advice again to all Israelis: renounce your citizenship, burn all Satanic Hexagram(Star of David), denounce genocide and ethnic cleansing of the Palestinian people and leave Palestine!
Netanyahu: Israeli army ready for anything
February 14, 2011
JERUSALEM (AFP) — The Israeli military is “ready for all eventualities” as the Arab and Muslim world undergoes “an earthquake,” Israel’s Prime Minister Benjamin Netanyahu said on Monday just days after Egypt’s regime collapsed.
“An earthquake is shaking the whole Arab world and a large part of the Muslim world and we don’t yet know how these things will turn out,” the premier said at a swearing-in ceremony for new army chief Major General Benny Gantz. “We are ready for all eventualities because we know that the foundation of our existence, and our capacity to convince our neighbours to live in peace with us, is based on the Israeli army,” he said during a ceremony at his Jerusalem office.
Gantz takes over the post as Israel’s strategic stance in the Middle East undergoes a shakeup in the wake of a popular revolt in Egypt which ousted president Hosni Mubarak after three decades in power. Israel has reacted cautiously to the overthrow of Mubarak, an ally who was involved in years of Middle East peace negotiations.
But it welcomed a statement by Egypt’s new military ruling council that Cairo remains committed to all its treaties, including its landmark 1979 peace deal with Israel.
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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‘Saudi Arabia Sending Troops to Bahrain’!
A political analyst say Saudi Arabia is sending troops to help crack down on pro-democracy protests in Bahrain.
- This CIA engineered destabilization program is sweeping through the Middle East. Do not think that this is for the good of the region. It is not. The Anglo-American Illuminist shadow government is setting up the region for the Greater Middle East War leading to the Satanic World War 3: Zionist West vs Muslim World.
‘Saudi Arabia sending troops to Bahrain’
Saudi Arabia is sending troops to Bahrain to help King Hamad bin Isa Al Khalifa crack down on pro-democracy protesters who took to the streets in the capital Manama, a political analyst says. He made the remarks in an interview with Press TV on Tuesday.
Bahraini police have been using tear gas and batons to disperse the pro-democracy protesters in the Bahraini capital. Three protesters were shot dead by police in the Shia village of Daih, which is located in the suburbs of Manama.
The latest fatalities came as the protesters were participating in the funeral ceremony of another protester who lost his life on Monday. His death prompted the opposition to call for massive participation in the funeral and to urge Bahrainis to escalate the pro-democracy protests.
Security forces have been deployed in force along the main routes into Manama in an effort to prevent a gathering that had been inspired by similar online initiatives around the Arab world.
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Largest Planet In The Solar System Could Be Discovered ! It’s Up To Four Times The Size of Jupiter! Planet X Nibiru?
- This sounds like Planet X (ie 10th planet) that many astronomers have been looking for. Perturbations in the orbits of Neptune and Uranus indicate the presence of some large object in the outer Oort cloud. Sumerian historical writings seem to indicate the presence of a 10th Planet Nibiru on an 3600 years elliptical orbit. The theory is that this is a brown dwarf failed star and it is best seen in the infrared spectrum. The belief is that our solar system is a binary system and our sun has a binary companion: brown dwarf star Planet X-Nibiru.
- My interest in Planet X, Nibiru stems from biblical prophecy. During the endtimes there will be unprecedented astronomical phenomena: ‘the powers of heavens will be shaken’. Here are some biblical prophecy which seem to indicate the approach of a large planet and its moons. This approaching planetary system will intersect earth’s orbit some time in the future. I do not subscribe to the 2012 Planet X flyby scenario. It is too soon IMO. It should be visible by now if it is going to flyby in 2012.
Matthew 24:29 (New King James Version)
The Coming of the Son of Man
29 “Immediately after the tribulation of those days the sun will be darkened, and the moon will not give its light; the stars will fall from heaven, and the powers of the heavens will be shaken.
Luke 21:11,25-26 (New King James Version)
11 And there will be great earthquakes in various places, and famines and pestilences; and there will be fearful sights and great signs from heaven.
25 “And there will be signs in the sun, in the moon, and in the stars; and on the earth distress of nations, with perplexity, the sea and the waves roaring;
26 men’s hearts failing them from fear and the expectation of those things which are coming on the earth, for the powers of the heavens will be shaken.
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These verses suggest great astronomical distress/changes. What does ’stars will fall from heaven, and the powers of the heavens will be shaken.’ mean? As Planet X system moves into the solar system it will affect all planets, moons and the sun. There will be geo-magnetic effects, warming / electrical / gravitational effects, unstable orbit effects… etc. As it passes the asteroid belt between Mars and Jupiter, it will dislodge thousands of asteroids and drag them, some into the sun and many into the earth. Thus, on the earth, it will seem like ’stars of heaven fell to the earth’. The earth will be totally destabilized resulting in tsunamis, crustal pole shift, magnetic pole shift: ’sea and the waves roaring’.
Revelation 6:12-14 (New King James Version)
Sixth Seal: Cosmic Disturbances
12 I looked when He opened the sixth seal, and behold,[e] there was a great earthquake; and the sun became black as sackcloth of hair, and the moon[f] became like blood. 13 And the stars of heaven fell to the earth, as a fig tree drops its late figs when it is shaken by a mighty wind. 14 Then the sky receded as a scroll when it is rolled up, and every mountain and island was moved out of its place.
Revelation 8:8-12 (New King James Version)
Second Trumpet: The Seas Struck
8 Then the second angel sounded: And something like a great mountain burning with fire was thrown into the sea, and a third of the sea became blood. 9 And a third of the living creatures in the sea died, and a third of the ships were destroyed.
Third Trumpet: The Waters Struck
10 Then the third angel sounded: And a great star fell from heaven, burning like a torch, and it fell on a third of the rivers and on the springs of water. 11 The name of the star is Wormwood. A third of the waters became wormwood, and many men died from the water, because it was made bitter.
Fourth Trumpet: The Heavens Struck
12 Then the fourth angel sounded: And a third of the sun was struck, a third of the moon, and a third of the stars, so that a third of them were darkened. A third of the day did not shine, and likewise the night.
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What does ‘the sky receded as a scroll when it is rolled up’ mean? When there is a sudden geologic/crustal pole shift, the sky will appear to recede and ‘roll up’. Imagine the earth’s poles suddenly shifting 3,000 km in a day, this will cause immense weather changes. The sky and clouds will appear to scroll and roll up away from you.
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Revelation 6 & 8 suggest that many meteors (’stars of heaven fell to the earth’) will hit the earth including 2 large ones ‘great mountain’ and ‘great star’. It also suggest solar and lunar eclipses of 4 hours. This is unusually long. The context appears to suggest these eclipses are visible throughout the earth. Normal eclipse will only be visible in certain area on the earth. What can cause this? Again, if a Planet X system is really coming, it will explain this. This large Planet X system 4x-8x the size of Jupiter can block out the sun for 4 hours easily. It will also block out a third of the stars.
Largest planet in the solar system could be about to be discovered – and it’s up to four times the size of Jupiter
Scientists believe they may have found a new planet in the far reaches of the solar system, up to four times the mass of Jupiter. Its orbit would be thousands of times further from the Sun than the Earth’s – which could explain why it has so far remained undiscovered.
Data which could prove the existence of Tyche, a gas giant in the outer Oort Cloud, is set to be released later this year – although some believe proof has already been garnered by Nasa with its pace telescope, Wise, and is waiting to be pored over.
Prof Daniel Whitmire from the University of Louisiana at Lafayette believes the data may prove Tyche’s existence within two years. He told the Independent: ‘If it does, [fellow astrophysicist Prof John Matese] and I will be doing cartwheels. And that’s not easy at our age.’
He added he believes it will mainly be made of hydrogen and helium, with an atmosphere like Jupiter’s, with spots and rings and clouds, adding: ‘You’d also expect it to have moons. All the outer planets have them.’ He believes the planet is so huge, it will have a raised temperature left from its formation that will make it far higher than others, such as Pluto, at -73C, as ‘it takes an object this size a long time to cool off’.
He and Prof Matese first suggested Tyche existed because of the angle comets were arriving, with a fifth of the expected number since 1898 entering higher than expected. However, Tyche – if it exists – should also dislodge comets closer to home, from the inner Oort Cloud, but they have not been seen. If confirmed, the status and name of the new planet – which would become the ninth and potentially the largest – would then have to be agreed by the International Astronomical Union.
Currently named Tyche, from the Greek goddess that governed the destiny of a city, its name may have to change, as it originated from a theory which has now been largely abandoned.
Up telescope! Search begins for giant new planet
Tyche may be bigger than Jupiter and orbit at the outer edge of the solar system
If you grew up thinking there were nine planets and were shocked when Pluto was demoted five years ago, get ready for another surprise. There may be nine after all, and Jupiter may not be the largest. The hunt is on for a gas giant up to four times the mass of Jupiter thought to be lurking in the outer Oort Cloud, the most remote region of the solar system. The orbit of Tyche (pronounced ty-kee), would be 15,000 times farther from the Sun than the Earth’s, and 375 times farther than Pluto’s, which is why it hasn’t been seen so far.
But scientists now believe the proof of its existence has already been gathered by a Nasa space telescope, Wise, and is just waiting to be analysed. The first tranche of data is to be released in April, and astrophysicists John Matese and Daniel Whitmire from the University of Louisiana at Lafayette think it will reveal Tyche within two years. “If it does, John and I will be doing cartwheels,” Professor Whitmire said. “And that’s not easy at our age.”
Once Tyche has been located, other telescopes could be pointed at it to confirm the discovery. Whether it would become the new ninth planet would be decided by the International Astronomical Union (IAU). The main argument against is that Tyche probably formed around another star and was later captured by the Sun’s gravitational field. The IAU may choose to create a whole new category for Tyche, Professor Matese said.
The IAU would also have the final say about the gas giant’s name. To the Greeks, Tyche was the goddess responsible for the destiny of cities. Her name was provisionally chosen in reference to an earlier hypothesis, now largely abandoned, that the Sun might be part of a binary star system with a dim companion, tentatively called Nemesis, that was thought responsible for mass extinctions on Earth. In myth, Tyche was the good sister of Nemesis.
Tyche will almost certainly be made up mostly of hydrogen and helium and will probably have an atmosphere much like Jupiter’s, with colourful spots and bands and clouds, Professor Whitmire said. “You’d also expect it to have moons. All the outer planets have them,” he added.
What will make it stand out in the Wise data is its temperature, predicted to be around -73C, four or five times warmer than Pluto. “The heat is left over from its formation,” Professor Whitmire said. “It takes an object this size a long time to cool off.”
Most of the billions of objects in the Oort Cloud – a sphere one light year in radius stretching a quarter of the distance to Alpha Centauri, the brightest star in the southern constellation – are lumps of dirty ice at temperatures much closer to absolute zero (-273C).
A few of these are dislodged from their orbits by the galactic tide – the combined gravitational pull from the billions of stars towards the centre of the Milky Way – and start the long fall into the inner solar system. As these long-period comets get closer to the Sun, some of the ice boils off, forming the characteristic tails that make them visible.
Professors Matese and Whitmire first proposed the existence of Tyche to explain why many of these long-period comets were coming from the wrong direction. In their latest paper, published in the February issue of Icarus, the international journal of solar system studies, they report that more than 20 per cent too many of the long-period comets observed since 1898 arrive from a band circling the sky at a higher angle than predicted by the galactic-tide theory.
No other proposal has been put forward to explain this anomaly since it was first suggested 12 years ago. But the Tyche hypothesis does have one flaw. Conventional theory holds that the gas giant should also dislodge comets from the inner Oort Cloud, but these have not been observed.
Professor Matese suggests this may be because these comets have already been tugged out of their orbits and, after several passes through the inner solar system, have faded to the point that they are much harder to detect. So if it is real, Tyche may not only be disrupting the orbits of comets, it may also overturn an established scientific theory.
You can download a PDF showing the position of Tyche by clicking here
- See also:
Return of Planet X, Geologic Pole Shift, Global Climate Change, UnderGround Cities/Bases, Norwegian Doomsday Seed Vault …. What Are The Global Ruling Elites Preparing For?
Andy Lloyd: Dark Star, Planet X, Nemesis, Nibiru.
Planet X Special Report No. 01: Where is Planet X? Flyby Scenarios !
Jason Martell: Planet X Nibiru Lecture.
Planet X: Search On For Death Star That Throws Out Deadly Comets!
Patrick Geryl: World Cataclysm In 2012 ?
Coast to Coast AM – Catastrophic Earth Changes !
The Horizon Project: Ancient History and Cataclysmic Geographical Pole Shift. Will Galactic Alignment in 2012 Trigger Crustal Pole Shift?
North Magnetic Pole Is Shifting Rapidly Toward Russia!
Nasa Warns Of Super Solar Storm 2012
Dr. Richard Sauder: Underground And Undersea Bases And Facilities!
Lucus & Dr. Jaysen Rand: The Return of Planet X! D.U.M.B.s And The Ruling Elites’ Preparation For Global Disaster!
Richard Sauder: Deep UnderGround Bases (DUMB) and Black Budget!
Jesse Ventura: Secret Underground Military Bases! ‘Designed For 2012 And Economic Collapse! Denver Airport?’
Deep Underground Military Bases (D.U.M.B.)
The Illuminist Population Reduction Plan Via War, Famine, Disease, GM Food, Vaccines….
Underground Bases
Deep Underground Military Bases and the Black Budget – Phil Schneider
Researchers believe Nibiru will come from the South. Source: http://www.millenniumprophecy.com/science.html
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Coming Food and Financial Crisis of 2011 Set to Wreak Havoc!
- The global food crisis is here. 2011 will mark the significant turning point in global famine. The main culprit (90% of the blame) is the FedRes with their money printing! With money debasement the poor masses will convert their currencies into food as quickly as possible. This will result in abnormally high artificial demand. When you know that the money you have will buy less food everyday, you will spend it asap to stock up food. This will exacerbate the situation and cause shortages.
Dr. Mark Sircus: Food/Financial Crisis of 2011
World food inflation is smashing down on the world’s populations as prices rise precipitously in the face of increasing shortages and absurd monetary policies. Prices are rising everywhere. It is not millions but billions of people who must tighten their belts because they have no choice but to eat less. Billions of people on our planet have no discretionary funds so they just cannot afford the increased prices. They have to get by with less to eat. They have no choice.
Things can get so bad that people will not be able to buy foods at any price because they simply will not be available because they have been bought up by someone else. I am not talking about your neighbor here who just happened to beat you to the supermarket this morning. Imagine if China pulls out a $100 billion out of its almost bottomless pockets and purchases grain to feed its billions? Why wouldn’t they, after all, spend increasingly worthless paper on a mountain of food?
Below you will see that this is a real threat because of the drought that is going on there. Other governments are already stockpiling food staples in an attempt to contain panic buying, inflation and social unrest. There is nothing pretty about this quickly evolving food catastrophe and with each week the story only becomes gloomier.
The price of wheat is up 78.13 percent over
the past 12 months and still going higher.
Everywhere we turn we see dramatic climate events taking their toll on crops. The cold weather experienced across much of the U.S. in early February made its way deep into Mexico and early reports estimate 80-100 percent crop losses, which are having an immediate impact on prices in U.S. grocery stores with more volatility to come. As a result, prices on cucumbers, zucchini, peppers, tomatoes and asparagus are set to explode in the states if in fact there will be much of any of these vegetables available at all.
Storms in China’s far western Xinjiang flattened or damaged
about 100,000 homes, and more than 15,000 head of livestock
were killed by the cold front that set in on the 16th of January.
“Minimal rainfall or snow this winter has crippled China’s major agricultural regions, leaving many of them parched. Crop production has fallen sharply as the worst drought in six decades shows no sign of letting up.” A severe drought has persisted in China’s northern territories for several months. In Hebei province, the farmers haven’t seen any rain for five months. What is going on in China has global breadbasket implications. So dire is the situation becoming that, “If the weather turns warmer and there is still no rain, then we will not be talking about lower agricultural production, but rather zero production, because the seedlings will all be dead,” reported one Chinese official. Wheat prices in Chicago jumped nearly two percent on the 8th of February when the United Nations’ food agency issued a rare alert that China’s crop was in trouble.
Record-breaking snowfall pounded South Korea’s east coast last Saturday when waist-deep snow stranded hundreds of motorists on highways and destroyed dozens of houses. The roofs of dozens of houses, livestock sheds, vinyl greenhouses—even a bowling alley—collapsed under the weight of the snow. According to the Gangwon Regional Meteorological Administration, the two-day snowfall in the area reached 43 inches (110 cm) in Samcheok, 39 inches (100.1 cm) in Donghae, 22 inches (56.3 cm) in Daegwallyeong mountain pass, and 17 inches (42.8 cm) in Sokcho.
Before Korea was hit it was Vietnam. After enduring a freezing cold with temperatures in mountainous areas dropping to – 4° C, northern Vietnam is undergoing another fresh cold snap. The record low temperature this year had frozen over 7,000 buffaloes and cows to death in more than 12 northern mountainous provinces, said Deputy Head of the Livestock Breeding Department Nguyen Thanh Son.
The location has been changing week by week but its one place on the planet after another being hit with agriculturally destructive weather patterns. Global food production and supply are being beaten down just as financial and monetary inflation also takes hold.
Financial-Sourced Causes of Price Increases
“Nasty weather in key agricultural markets around the world has savaged the global grain crop, meaning worldwide supplies can’t help but be squeezed. Australia, for instance, is experiencing additional flooding in areas that were already battered by the torrential rains of November, December and January. And as if the supply-related increase in agricultural commodities wasn’t enough, there’s also the U.S. dollar—and the so-called “race to the bottom”—to contend with. Make no mistake: The endless devaluations in the greenback are having a worldwide impact on agricultural commodity prices. Since commodities are priced in dollars, these devaluations translate into higher prices for grains and other food-related commodities,” writes Jack Barnes.
The Federal Reserve is printing money almost limitlessly now to extend the life of the United States government that is addicted to increasing debt and deficits. They are injecting money (debt) at a furious pace producing stacks of fine quality paper with colored ink. This blatant act of self-preservation is striking hard at the lower and middle classes around the world who have to pay higher and higher prices for their food, which on international markets is denominated in dollars. The day of reckoning for the dollar inches closer every day, as the Fed issues more Treasuries and floods the market with more devalued paper. Inevitably, this will cause prices to rise faster and faster as the value of U.S. currency drops further, pushing food prices up and up the side of a steep slope. The world is paying for American debt in terms of high food and energy prices.
So, the present tragedy is going to be compounded by too much money chasing the availability of food. Even in America, if you are not financially independent, the odds are good that someday you could be waiting in line to feed yourself and your family. It’s a mistake, even at this early point, to take this delicious-looking bread for granted.
We are not allowing yet onto our collective radar screens exactly what we are facing in the months and years ahead. The world is still looking normal for the “haves” but those who have less feel the avalanche of climbing food prices. We are only at the very beginning of a crisis that has “going to get much worse” written all over it.
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James Turk: Silver is Approaching Stage Two of its Bull Market!
- Silver is about to blast through US$31/oz and head towards US$50/oz. It will probably make a minor pit stop around US$42-45/oz. But make no mistake, all the minor corrective pauses will not stop silver from rocketing to US$50/oz, the nominal 1980 price high.
Silver is Approaching Stage Two of its Bull Market
February 14, 2011 – Back in April 2007, I wrote about the three stages that appear in every bull market, and more to the point, that gold was approaching the end of stage one. Gold back then was still trading around $690, and therefore well below its then record high of $850 reached in January 1980. My view was that “gold looks ready to make a new all-time high. When that happens, stage two begins. There will not yet be widespread excitement about gold in the next stage, because that won’t occur until stage three. But when gold makes a new record high, and particularly after it breaks into a 4-digit price, people will begin paying attention.”
I wrote a follow-up article in November 2009 entitled Welcome to Stage Two of Gold’s Bull Market, just two months after gold broke above $1,000. Focusing on the change in prevailing sentiment, I noted how differently gold was being treated. “During the first stage of a bull market, the media and most investors alike focus on past issues, rather than future potential. Over the past decade one consequently heard all the reasons not to own the gold…But there is a notable difference in this stage compared to stage one. Look how many people are writing and talking about gold. Gold has moved from apathy and neglect – stage one characteristics – to growing attention. But importantly, instead of embracing gold and analyzing it to determine relative value, today’s attention is one of widespread disbelief and skepticism that gold can climb higher. These are exactly the responses one should expect to emanate from stage two.“ I concluded by noting that at some unpredictable point in the future, gold will enter stage three “when gold no longer is relatively good value.”
I did not make any mention of silver in the above two articles. It too has three stages, but silver is still mired in stage one, which began in February 1991 after silver had collapsed to $3.50. It was an astounding 93% decline from its January 1980 peak of $50. But as we can see on the following chart, $3.50 was silver’s low, and its price has been rising ever since.
This chart shows a massive accumulation pattern, marked by the green lines. This pattern is a story of strong hands and weak hands, specifically, of silver moving to the former from the latter.
From its $50 high in January 1980 to its $3.50 low in February 1991, the weak hands were shaken out. At that point, the accumulation by strong hands – who were buying because the recognized that silver was an exceptional bargain – became the dominant force. Their buying power was stronger than the selling pressure of the weak hands, and the price of silver responded by starting to climb. It was classic stage one action, but here’s the important point.
Silver is still in stage one. It won’t advance into stage two until $50 is exceeded, just like gold did not enter stage two until its previous high of $850 was hurdled. I expect that silver will exceed $50 this year, which is a point of view I first mentioned in my outlook for 2010.
Admittedly, I was a little early with my forecast about when gold would enter stage two. So perhaps I will again be early by forecasting that silver will enter stage two of its bull market this year. Regardless of the accuracy of my timing, one thing is clear. Because it is still in stage one, silver remains good value.
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Ron Paul: The Federal Reserve Has Failed ! Money Printing Can’t Create Actual Jobs!
- Creating money out of thin air, the FedRes’ QE, can never create wealth. The idea that it can create economic growth and jobs is economic heresy. Central banks’ charter is always price stability (ie. no inflation), sound money and economic growth. The FedRes is failing on all 3. All 3 work hand in hand, you cannot have economic growth without sound money. What you get is ‘pseudo’ economic growth, which is what is happening in America now. Ie. no growth when inflation is discounted.
Ron Paul: The Federal Reserve Has Failed: Money Printing Can’t Create Actual Jobs
For the past three decades, the Federal Reserve has been given a dual mandate: keeping prices stable and maximizing employment. This policy relies not only on the fatal conceit of believing in the wisdom of supposed experts, but also on numerical chicanery.
Rather than understanding inflation in the classical sense as a monetary phenomenon– an increase in the money supply- it has been redefined as an increase in the Consumer Price Index (CPI). The CPI is calculated based on a weighted basket of goods which is constantly fluctuating, allowing for manipulation of the index to keep inflation expectations low. Employment figures are much the same, relying on survey data, seasonal adjustments, and birth/death models, while the major focus remains on the unemployment rate. Of course, the unemployment rate can fall as discouraged workers drop out of the labor market altogether, leading to the phenomenon of a falling unemployment rate with no job growth.
In terms of keeping stable prices, the Fed has failed miserably. According to the government’s own CPI calculators, it takes $2.65 today to purchase what cost one dollar in 1980. And since its creation in 1913, the Federal Reserve has presided over a 98% decline in the dollar’s purchasing power. The average American family sees the price of milk, eggs, and meat increasing, while packaged household goods decrease in size rather than price.
Loose fiscal policy has failed to create jobs also. Consider that we had a $700 billion TARP program, nearly $1 trillion in stimulus spending, a government takeover of General Motors, and hundreds of billions of dollars of guarantees to Fannie Mae, Freddie Mac, HUD, FDIC, etc. On top of those programs the Federal Reserve has provided over $4 trillion worth of assistance over the past few years through its credit facilities, purchases of mortgage-backed securities, and now its second round of quantitative easing. Yet even after all these trillions of dollars of spending and bailouts, total nonfarm payroll employment is still seven million jobs lower than it was before this crisis began.
In this same period of time, the total U.S. population has increased by nine million people. We would expect that roughly four million of these people should have been employed, so we are really dealing with eleven million fewer employed people than would otherwise be expected.
It should not be surprising that monetary policy is ineffective at creating actual jobs. It is the effects of monetary policy itself that cause the boom and bust of the business cycle that leads to swings in the unemployment rate. By lowering interest rates through its loose monetary policy, the Fed spurs investment in long-term projects that would not be profitable at market-determined interest rates. Everything seems to go well for awhile until businesses realize that they cannot sell their newly-built houses, their inventories of iron ore, or their new cars. Until these resources are redirected, often with great economic pain for all involved, true economic recovery cannot begin.
Over $4 trillion in bailout facilities and outright debt monetization, combined with interest rates near zero for over two years, have not and will not contribute to increased employment. What is needed is liquidation of debt and malinvested resources. Pumping money into the same sectors that have just crashed merely prolongs the crisis. Until we learn the lesson that jobs are produced through real savings and investment and not through the creation of new money, we are doomed to repeat this boom and bust cycle.
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Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
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