Peter Schiff: America Heading Towards a Collapse Worse Than 2008 And Europe!

• America Heading Towards a Collapse Worse Than 2008 AND Europe! Says Peter Schiff! 
  By Jeff Macke, http://finance.yahoo.com/ 
  According to CEO and Chief Global Strategist of Euro Pacific Capital Peter Schiff, the U.S. economy is heading for an economic crash that will make 2008 look like a walk in the park. Stimulus programs can delay this day of reckoning, but only for so long and only at the expense of making the eventual meltdown much, much worse.
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  Schiff, who famously warned investors about the housing and financial crisis in his 2007 book Crash Proof, says the Fed’s palliative efforts during the housing meltdown have made the next crisis inevitable.
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  “We’ve got a much bigger collapse coming, and not just of the markets but of the economy,” Schiff says in the attached clip. “It’s like what you’re seeing in Europe right now, only worse.”
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  In this nightmare scenario detailed in The Real Crash: America’s Coming Bankruptcy, the current economic pause is actually the beginning of a material slowdown or recession into year end. At that point, the Federal Reserve will unleash a third round of Quantitative Easing — weakening the dollar without jump-starting the economy. As a result of dollar weakness, import prices rise, pressing the margins of corporate America. Lower margins lead to heavy layoffs, sending millions of workers into unemployment during a time when they can least afford it. Banks fail, housing collapses, and taxes are raised in a futile effort to give the tapped-out government the capital to try yet more futile stimulus.
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  “That’s when it really is going to get interesting, because that’s when we hit our real fiscal cliff, when we’re going to have to slash — and I mean slash — government spending,” says Schiff.
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  Those cuts will not be at all unlike the draconian austerity measures in Greece, with programs like Social Security and Medicare being dramatically cut or possibly disappearing entirely. The easiest way to put it, is that everything you don’t think could possibly happen in America will come to be.
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  “Alternatively, we can bail everybody out, pretend we can print our way out of a crisis, and, instead, we have runaway inflation, or hyper-inflation, which is going to be far worse than the collapse we would have if we did the right thing and just let everything implode,” he offers.
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  So what should investors do to protect themselves? Schiff has three suggestions:
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Troops Ordered To Kill All Americans Who Do Not Turn In Guns!

• UN Gun Grab Follows State Department Plan! 
  by Paul Joseph Watson, www.Infowars.com 
  “Complete disarmament” of the American people
  The UN Arms Trade Treaty that has been identified by observers as a flagrant threat to the second amendment and which Barack Obama is determined to sign has its roots in a 1961 State Department memorandum which explains how the United Nations will oversee “complete disarmament” of the American people under the ruse of preventing war.
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  The UN Arms Treaty has caused so much controversy because it outlines a plan to target “all types of conventional weapons, notably including small arms and light weapons,” according to Forbes’ Larry Bell.
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  Former US Ambassador to the UN John Bolton also warns that the agreement “is trying to act as though this is really just a treaty about international arms trade between nation states, but there is no doubt that the real agenda here is domestic firearms control.”
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  A letter sent last month by 130 Republican House members to President Obama argued that the treaty should be rejected because it infringes on the “fundamental, individual right to keep and bear arms”. The letter adds that “…the U.N.’s actions to date indicate that the ATT is likely to pose significant threats to our national security, foreign policy, and economic interests as well as our constitutional rights.”
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  Using the rhetoric of the threat post by terrorists, insurgents and “international crime syndicates,” the UN is busy trying to imply that all weapons are somehow involved in illegal activity on a global scale and should therefore be controlled and regulated by a global authority.
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  This is precisely the same language used in a 1961 U.S. State Department briefing which outlined a long term agenda to carry out a “Program for General and Complete Disarmament in a Peaceful World.”
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  Invoking the threat of nuclear warfare, the document spells out a plan to create a “United Nations Peace Force” that would “enforce the peace as the disarmament process proceeds.”
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  While the document initially focuses on scrapping nuclear weapons, it later makes it clear that the only groups allowed to own weapons of any kind would be governing authorities, “for the purpose of maintaining internal order,” and the UN “peacekeeping” force itself, which would require “agreed manpower.”
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  “The manufacture of armaments would be prohibited except for those of agreed types and quantities to be used by the U.N. Peace Force and those required to maintain internal order. All other armaments would be destroyed or converted to peaceful purposes,” states the document.
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Insider Reveals GlaxoSmithKline Targeted Children with Illegal Drug Marketing!

Iran, Next Target for US War in Middle East !

• This coming Greater Middle East war is about Iran abandoning the petrodollar. The reason why the USD is the world reserve currency is because of the petrodollar oil trade. The global petrodollar trade is maintained via threat of war by America and its allies. This is the reason why Iraq and Libya were invaded. Both sold oil, or threatened to sell oil, in currencies other than the USD. All the talk about Iran being a nuclear threat is propaganda BS!
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• All countries need oil and since oil is only sold in USD, countries hold USD. This creates an artificial demand for USD, thus giving it value. Because the USD is accepted by nations all over the world and is needed for the purchase of oil, it is used widely in international trade settlement. Thus, the USD is the world reserve currency. However, with Iran ditching the USD and many countries like India, Turkey, China… going along, the USD’s days as the world reserve currency are numbered. China is actively ditching the USD in international trade settlement with its numerous currency swap agreements.
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• Iran is right to be pissed with America. American sanctions are an act of war against Iran and is causing immense hardship to the Iranians. What did Iran ever do to harm America? Nothing at all ! Iran has not started nor invaded any country for a few centuries.
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• It was Iraq, with the instigation and support of western powers that started the Iran-Iraq war. It was America which supplied to Iraq the weapons of mass destruction, the biological weapons(gas) to kill Iranians and the Kurds. Who is the aggressor and who is the victim here? I do not blame the American public because they have been misled and lied to constantly. I blame the Illuminist US government and the Satanic ruling elites!
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  How Reagan Armed Saddam with Chemical Weapons!
  On August 18, 2002, the New York Times carried a front-page story headlined, “Officers say U.S. aided Iraq despite the use of gas”. Quoting anonymous US “senior military officers”, the NYT “revealed” that in the 1980s, the administration of US President Ronald Reagan covertly provided “critical battle planning assistance at a time when American intelligence knew that Iraqi commanders would employ chemical weapons in waging the decisive battles of the Iran-Iraq war”. …
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  While the August 18 NYT article added new details about the extent of US military collaboration with Iraqi dictator Saddam Hussein during Iraq’s 1980-88 war with Iran, it omitted the most outrageous aspect of the scandal: not only did Ronald Reagan’s Washington turn a blind-eye to the Hussein regime’s repeated use of chemical weapons against Iranian soldiers and Iraq’s Kurdish minority, but the US helped Iraq develop its chemical, biological and nuclear weapons programs.
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  Iran-Iraq War, Arming Iraq: A Chronology of U.S. Involvement By: John King, March 2003.
  … This chronology of the United States’ sordid involvement in the arming of Iraq can be summarized in this way: The United States used methods both legal and illegal to help build Saddam’s army into the most powerful army in the Mideast outside of Israel. The US supplied chemical and biological agents and technology to Iraq when it knew Iraq was using chemical weapons against the Iranians. The US supplied the materials and technology for these weapons of mass destruction to Iraq at a time when it was know that Saddam was using this technology to kill his Kurdish citizens. The United States supplied intelligence and battle planning information to Iraq when those battle plans included the use of cyanide, mustard gas and nerve agents. The United States blocked UN censure of Iraq’s use of chemical weapons. ….

Zionists-NeoCons have been lying about Iran for the better part of 25 years!

Be careful of all the Zionist propaganda to drive us to war with Iran!

What is all the BS about Iran being a nuclear threat? It is pure propaganda and outright lies by the Zionists!

Why is genocidal madman Netanyahu screaming for war with Iran? It is all about the global petrodollar hegemony!

Stop the war!

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Rick Rule: The Physical Silver Market Is Getting Dangerously Tight !

• Rule – The Physical Silver Market Is Getting Dangerously Tight! 
  by www.kingworldnews.com
  With continued volatility in global stock markets, and gold staging a big rally off of the lows, today King World News interviewed one of the wealthiest and most street-smart pros in the business, Rick Rule.  Rule told KWN that when it comes to silver, “there is the strong case for some very substantial upside.”
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  Rule, who is now part of Sprott Asset Management, discussed silver and gold at length.  He also talked about the problems the world currently faces.  But first, here is what Rule had to say about Sprott’s very successful offering in the Sprott Physical Silver Trust: “I think it’s evidence of two things:  One, we felt we had reasonably good chances of buying the silver if we raised the money.  Second, this points to the continuing strength of the high end retail investment market for silver in North America.”
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  “The offering was well received.  It was sold out, including the green shoe (over-allotment).  This is also evidence of the fact that while some of the more leveraged institutions have been forced sellers of silver, there is still very strong high end retail demand.  These are individuals who don’t feel financial stress, and who feel better owning physical silver.
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  I would also say that if this market begins to move to the upside, it would appear from the disparity of silver available to trade and the amount that actually does trade, that there is the strong case for some very substantial upside.”
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Scientist Says Immortality Only 20 Years Away!

• Revelation 9:4-6 New King James Version (NKJV) 
  ⁴ They were commanded not to harm the grass of the earth, or any green thing, or any tree, but only those men who do not have the seal of God on their foreheads. ⁵ And they were not given authority to kill them, but to torment them for five months. Their torment was like the torment of a scorpion when it strikes a man. ⁶ In those days men will seek death and will not find it; they will desire to die, and death will flee from them.
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  Scientist Says Immortality Only 20 Years Away! 
  by Alyson Shontell, provided by http://www.businessinsider.com/ 
  Ray Kurzweil, a world-renowned scientist and author of The Singularity is Near, thinks the world as we know it will be unrecognizable in 20 years.
  One of the changes he thinks are possible: Scientists may finally crack immortality.
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  “I and many other scientists now believe that in around 20 years we will have the means to reprogramme our bodies’ stone-age software so we can halt, then reverse, aging,” he writes in The Sun. “Then nanotechnology will let us live for ever. Ultimately, nanobots will replace blood cells and do their work thousands of times more effectively.”
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  Kurzweil, whose fans include Bill Gates adn Bill Clinton, makes a number of other substantial claims, such as humans being able to replace all failing organs with artificial ones. He says we’ll be able to scuba dive for hours without oxygen, and write entire books within minutes thanks to advanced nanotechnology.
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  Oh, virtual sex will also be commonplace in the not-so-distant future. Kurzweil’s absurd-sounding proclamations stem from the fact that technological progress is growing at an exponential rate.
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  “Computer technology and our understanding of genes — our body’s software programs — are accelerating at an incredible rate,” he writes. His theory of the Law of Accelerating Returns, suggests there will be another “billion-fold” increase in technology over the next quarter century.
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IPCC Admits Its Past Reports Were Junk! Man Made Global Warming is a Fraud !

• Man made global warming is an Illuminist hoax started by the Illuminist Club of Rome. It is for the implementation of a global tax by a World Government. The tax will set a precedent to implement a tax on all buying and selling –> ’666′! (emphasis mine)
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  “In searching for a new enemy to unite us, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like would fit the bill. In their totality and in their interactions these phenomena do constitute a common threat with demands the solidarity of all peoples. But in designating them as the enemy, we fall into the trap about which we have already warned namely mistaking systems for causes. All these dangers are caused by human intervention and it is only through changed attitudes and behaviour that they can be overcome. The real enemy, then, is humanity itself.“
  - “The First Global Revolution”, A Report by the Council of the Club of Rome by Alexander King and Bertrand Schneider 1991. (The Club of Rome is part of the Illuminati RoundTable)

Illuminati Round Table, Geo-Political Organization Chart

• IPCC Admits Its Past Reports Were Junk! 
  By Joseph L. Bast, http://www.americanthinker.com/ 
  On  June 27, the Intergovernmental Panel on Climate Change (IPCC) issued a statement  saying it had “complete[d] the process of implementation of a set of  recommendations issued in August 2010 by the InterAcademy Council (IAC), the  group created by the world’s science academies to provide advice to  international bodies.”
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  Hidden behind this seemingly routine update on bureaucratic processes is an astonishing  and entirely unreported story.  The IPCC is the world’s most prominent source of alarmist predictions and claims about man-made global warming.  Its four reports (a fifth report is  scheduled for release in various parts in 2013 and 2014) are cited by the  Environmental Protection Agency (EPA) in the U.S. and by national academies of  science around the world as “proof” that the global warming of the past five or  so decades was both man-made and evidence of a mounting crisis.
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  If  the IPCC’s reports were flawed, as a many global warming “skeptics” have long  claimed, then the scientific footing of the man-made global warming movement  — the environmental movement’s “mother of all environmental scares” — is  undermined.  The Obama administration’s war on coal may be  unnecessary.  Billions of dollars in subsidies to solar and wind may have  been wasted.  Trillions of dollars of personal income may have been  squandered worldwide in campaigns to “fix” a problem that didn’t really  exist.
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  The  “recommendations” issued by the IAC were not minor adjustments to a  fundamentally sound scientific procedure.  Here are some of the findings of the IAC’s 2010  report.
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  The  IAC reported that IPCC lead authors fail to give “due consideration … to  properly documented alternative views” (p. 20), fail to “provide detailed  written responses to the most significant review issues identified by the Review  Editors” (p. 21), and are not “consider[ing] review comments carefully and  document[ing] their responses” (p. 22).  In plain English: the IPCC reports  are not peer-reviewed.
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  The  IAC found that “the IPCC has no formal process or criteria for selecting  authors” and “the selection criteria seemed arbitrary to many respondents” (p.  18).  Government officials appoint scientists from their countries and “do  not always nominate the best scientists from among those who volunteer, either  because they do not know who these scientists are or because political  considerations are given more weight than scientific qualifications” (p.  18).  In other words: authors are selected from a “club” of scientists and  nonscientists who agree with the alarmist perspective favored by  politicians.
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The most abundant form of Carbon is Carbon12. It is a key element in the human DNA! 6 protons, 6 neutrons & 6 electrons -> ’666′ ! Get the message!

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How Close Are We To New Great Depression?

“If this credit bubble pops, the depression could be so severe that I don’t think our civilization could survive it.”

• How Close Are We to New Great Depression? 
  By: Catherine Boyle Staff Writer, CNBC.com
  The risk of a new depression — a sustained, severe recession — has struck fear into the heart of markets and driven monetary policy in developed economies since the current financial crisis began.
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  “We’re in a very unfortunate position to be here,” Richard Duncan, author of The New Depression, warned on CNBC’s “Squawk Box Europe” Monday.
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  “When we broke the link between money and gold, this removed all constraints on credit creation. This explosion of credit created the world we live in, but it now seems that credit cannot expand any further because the private sector is incapable of repaying the debt it has already, and if credit begins to contract, there’s a very real danger that we will collapse into a new Great Depression,” he argued.
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  “If this credit bubble pops, the depression could be so severe that I don’t think our civilization could survive it.” The explosion in cheap credit has been widely blamed for the global financial crisis, but the debate about how to fix the problem continues.
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  In the past few years, central banks including the U.S. Federal Reserve , the European Central Bankand the Bank of England have pumped liquidity into their financial systems through a number of ways, including quantitative easing and the ECB’s long-term refinancing operation (LTRO).
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  “We could keep deferring the depression, but that could just encourage the bad guys. If you do this, you possibly do more harm than good,” Roger Nightingale, economist and strategist at RND Associates, told CNBC Monday.
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  “You can defer, but not prevent.”
  Nightingale argued that previous credit booms, for example in Japan in the 1980s, have led to sustained recessions.
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  “When you throw money into the system at a rate much in excess of the requirements of the real economy, you’re trying to get people to borrow and spend, but the good guys out there won’t because they’re too cautious. It’s the bad guys who come in, the malefactors,” he said.
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  “When the central banks realize what is going on and raise interest rates, it flings the world economy into depression.”
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Criminal Inquiry Shifts To JPMorgan’s Mispricing Of Hundreds Of Billions In CDS: Is Dimon The Next Diamond?

• Criminal Inquiry Shifts To JPMorgan’s Mispricing Of Hundreds Of Billions In CDS: Is Dimon The Next Diamond? 
  by Tyler Durden, www.zerohedge.com
  On the last day of May, when we first learned via Bloomberg that there was even the scantest likelihood that JPM may have been massaging its CDS marks within the (London-based of course) CIO organization – the backbone of hundreds of billions in notional exposure, and thus a huge counterfeited benefit to trader bonuses and corporate earnings – we wrote, “The Second Act Of The JPM CIO Fiasco Has Arrived – Mismarking Hundreds Of Billions In Credit Default Swaps” in which we explained precisely how this activity would and did take place, precisely why other traders caught doing the same are on the verge of being thrown in jail, precisely why everyone else does it, and precisely why the biggest CDS self-reporting and client/banker owned-organization (this is where images of Libor should appear), MarkIt, may well be implicated in everything – very much in the same way that the BBA is the heart of Lie-borgate.
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  Because unlike all other allegations of impropriety, most of which rely on Level 2 and Level 3 assets whose valuations are in the eye of the oh so very sophisticated beholder (in this case JPM) who has complex DCFs and speaks confidently when explaining marks to naive, stupid outsiders (in other words baffles with bullshit), when it comes to one of the last places where Mark to Market is still applicable and used: the OTC CDS market, and where daily P&L records are kept, it will take any regulator, enforcer, or criminal investigator precisely 1 minute to find out if there was fraud, or gambling, going on here.
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  Then lo and behold, none other than JPM admitted minutes before releasing its Q2 earnings that it had been doing precisely what Zero Hedge accused it of doing nearly 2 months earlier (but of course Jamie Dimon had no idea, no idea, what the media accused his firm of doing), and in doing so exposed itself to just as much litigation risk as Barclays in the Lie-borgate scandal, while further throwing a monkey wrench into the CDS market, where all the other banks (who had been doing just the same), will no longer be able to pick off the bid/ask spread in the process crushing CDS trader bonuses, and resulting in billions in foregone imaginary profits.
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  Most importantly, it opened up the firm to a criminal investigation. Which as Reuters reports, is precisely what has now happened.
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JPMorgan Disclosed Possible Misconduct To Feds Ahead of Earnings!

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• JPMorgan disclosed possible misconduct to feds ahead of earnings! 
  By Matthew Goldstein and Jennifer Ablan 
  (Reuters) – In a matter of days, the two-month-old criminal investigation into a $5.8 billion trading loss at JPMorgan Chase & Co. — known as the “London Whale” blunder — was transformed from dormant to potentially explosive.
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  Last Thursday, the day before JPMorgan reported its highly anticipated second-quarter earnings, the bank informed U.S. authorities that an internal investigation had found evidence that three London traders may have tried to hide the losses in some of their positions, said people familiar with the matter.
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  Late on Thursday evening, JPMorgan also decided it needed to restate its first-quarter earnings as a result. The bank’s disclosure has breathed new life into the criminal investigation that up until last week lacked evidence of a smoking gun pointing to wrongdoing in the bank’s Chief Investment Office, said three people familiar with the matter.
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  Before last week’s disclosure, the criminal probe largely had focused on the personal trading of some CIO traders, two of those sources said. The authorities were looking for evidence that some in London may have sold shares of JPMorgan in advance of the firm’s May 10 disclosure that it could lose a minimum of $2 billion on the derivatives trades gone awry.
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  Now the investigation is focused on whether three JPMorgan employees in London committed fraud in reporting on their transactions. The bank is cooperating with authorities.
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  JPMorgan’s chief executive, Jamie Dimon, and some of his top lieutenants did not learn about the potential misconduct by some CIO employees until early last week, said these sources, who were not authorized to speak publicly on the matter.
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  A federal prosecutor assigned to the investigation did not return calls seeking comment. A U.S. Securities and Exchange Commission attorney overseeing the matter also did not return phone calls.
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  The bank learned of the potential wrongdoing from lawyers with WilmerHale, the outside counsel hired by JPMorgan to investigate the matter. The law firm has reviewed thousands of emails and tens of thousands of recorded conversations between the traders and also interviewed some of the traders.
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  The WilmerHale internal review found that “traders may have been seeking to avoid showing the full amount of losses,” according to a presentation the bank released on Friday. The presentation also said the internal review found “a material weakness” in the valuations the CIO office had used for some of the more esoteric derivatives it had traded in London.
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Roy Tov(Jew): Israel Admits War Causes Were Fabricated !

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

• Zionism is an Iluminist construct. Zionist ’666′ Israel is not the Israel of the Bible. It is a Satanic counterfeit! Non semitic Ashkenazi Khazars (90+% of modern Jewry) are not the biological descendents of the 12 tribes of Israel. This is a criminal, neo Nazi state which has been practising genocide and ethnic cleansing against the semitic Palestinian people for the past 64+ years! This nation is an expert in false flag terrorism and propaganda. The Zionists-Illuminists(on behalf of the Synagogue of Satan) control the western MSM and has been conducting a psyop against the western sheeple and in particular Christians.

2006 – Israeli Children | The girl wrote: “I waited for this moment for so long…”

• The Zionists NeoCons are driving America to war against Iran and Syria using falsehood. Iran does not have any nuclear bombs nor a nuclear weapons program. It is Zionist ’666′ Israel with its 400+ nuclear bombs which is a threat to world peace!
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  Israel Admits War Causes Were Fabricated! 
  by Roy Tov (Messianic Jew), http://www.roytov.com/
  “Even before the Hezbollah War, Israel knew it was hopeless to retrieve abducted IDF soldiers”—Ehud Olmert
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  Being absolved of a long list of crimes doesn’t give one the right to incriminate oneself in other crimes. Yet, that is exactly what former Prime Minister Ehud Olmert did today. On July 12, 2012, two days after being acquitted, he spoke at a conference in Tel Aviv, which was devoted to the 2006 war between Hezbollah and Israel. While the media recorded his astonishing words, he admitted that Israel’s main excuse for its brutal attack on Lebanon—the retrieval of two captured soldiers—was false. “The war had one objective which we did not achieve, and knew in advance that we couldn’t achieve, and it was spoken in cabinet meetings,” Olmert said. The prime minister, the government, and the army, knew that. Openly deceiving the entire world, they attacked for the sake of achieving a different target.
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  The Semantics of War
  In the morning hours of July 12, 2006, Hezbollah launched a diversionary rocket attack toward Israeli military strongholds near the coast, not far from Zar’it. In parallel, Hezbollah soldiers crossed the border into Israel and attacked a patrol of two Israeli Humvees, in the location marked in the map above. In the event, three IDF soldiers were killed, two were injured, and two others were captured. Master Sergeant Ehud Goldwasser and First Sergeant Eldad Regev, were taken by the Hezbollah soldiers to Lebanon.
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  This event marked the beginning of a 34-day long war between Israel and Hezbollah. “Kidnapped Soldiers” blared the Israeli headlines. I was surprised. Since when is a soldier “kidnapped?” Were they watering their mothers’ gardens at the time? No, they were participating in military events. Soldiers are never kidnapped; they are captured. Afterwards they should be treated according to the international Geneva Convention. That one simple semantic deceit by the Israeli media kidnapped the nation’s mind. The Israeli government used the event to fulfill a different agenda.
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  Shortly after their capture, Israeli Prime Minister Ehud Olmert described the event as an “act of war” by Lebanon. He didn’t mention the fact that Israel has continuously carried out similar acts in Lebanon ever since “Operation Litani” in 1978. He didn’t mention the fact that the Lebanese government wasn’t involved. Moreover, it couldn’t be involved because Israel had damaged the Lebanese government control over the southern parts of the country. Olmert said then that “Lebanon will bear the consequences of its actions” and that it will suffer a “very painful and far-reaching response.” IDF’s Chief of Staff Dan Halutz said “if the soldiers are not returned, we will turn Lebanon’s clock back 20 years” while the commander of Israel’s Northern Command Udi Adam added “this affair is between Israel and the state of Lebanon. Where to attack? Once it is inside Lebanon, everything is legitimate, not just southern Lebanon, not just the line of Hezbollah posts.” Yet, they knew the captured soldiers were already dead. The next day, Israeli destroyed Beirut’s international airport and began a brutal, systematic destruction of Lebanon. Israel’s Air Force flew more than 12,000 combat missions, its Navy fired over 2,500 shells, and its artillery fired over 100,000 shells. 400 Miles of roads and 73 bridges were destroyed. Roughly 150,000 houses, 350 schools and 2 hospitals were hit, as well as facility structures like water and sewage treatment plants, electrical facilities, fuel stations, commercial structures, and others.
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  Yet, this time Israel miscalculated. Israelis found themselves running south away from the bombings all the way down to the Jezreel Valley, the valley connecting Mount Carmel with the Jordan River. Jezreel is deep within the Israeli heartland, a place most Israelis consider equivalent to the US State of Kansas in geographical terms. The implications of this situation escaped international eyes. For the first time since the foundation of the State of Israel, a significant percentage of its population ran away from their homes because their government failed to protect them—actually was responsible for initiating the military operation that led to the disaster. Up to half million Israelis were displaced. The situation was so bad, that Israel agreed to a ceasefire provisioned by UNSC Resolution 1701, on August 14. Hezbollah and Israel both declared victory; the two captured soldiers—having unwittingly caused this massacre—remained in the hands of Hezbollah.
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  Their bodies were returned to Israel on July 16, 2008 as part of a prisoner exchange. In exchange, Hezbollah got from Israel the incarcerated Palestine Liberation Front militant Samir Kuntar, four Hezbollah militants captured during the war, and the bodies of about 200 other Lebanese and Palestinian militants.
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  The Soldiers Were Already Dead
  The brutal Israeli reaction was odd, especially since Hezbollah had announced its readiness to indirectly negotiate the release of the soldiers, as it has been done several times in the past. Yet, Prime Minister Olmert blamed Lebanon, and purposely created a situation that could not be solved. There was nothing the Lebanese government could do. In other words, Olmert forced a war, knowing “that the war had one objective which we did not achieve, and knew in advance that we couldn’t achieve, and it was spoken in cabinet meetings.” In the same conference, Olmert also admitted that “We said that we were working to bring about the two soldiers’ release, [however] we had no doubts that it was so [that they were no longer alive],” and he added “those who had participated in cabinet meetings at the time knew there wasn’t a chance to bring them back through a military operation.” Then, Mr. Olmert, why did you carry out the massacre?
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  The actions of the IDF were a complete disaster. The army commander back then was Dan Halutz, an air force officer (he also participated in today’s conference, see picture above). It is unusual for a “blue” (someone from the air force in Hebrew slang) to reach such a position. Halutz held back the “greens” (ground forces) during the operation because he “didn’t trust them” and sent the air force ahead. It was a disaster. The fact that in the morning of the attack he found time to contact his broker and sell his stock in the Tel Aviv Stock Exchange didn’t help his public image. He left humiliated, after having shown the world where the real interest of senior IDF commanders are.
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  Mr. Olmert wasn’t kind enough to inform us on why he took the odd decision to blame and attack Lebanon. Yet, his actions give a very solid testimony that he had begun the war not to save the captured soldiers, but to destroy Hezbollah. The two soldiers were used as a mere justification for a military action that he couldn’t justify otherwise, not even to the Israeli public. A collateral corroboration of this is what is known as “the last 48 hours.” It refers to the two days before the ceasefire, when Israel begun a wild offensive, knowing it was the last chance to hit additional targets. Olmert said this was done in an attempt to force the UN to change the final wording of its ceasefire decision “there wasn’t an intention to change strategy, just to create the required effect to bring the international community to finalize things in a direction which we perceived as the right one.” In other words, the “Jewish Heart” he presented towards his Jewish electorate (“We will bring back the boys!”) was nothing but a cold political calculation.
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  Israel as New Masada
  “Eye for eye, tooth for tooth, hand for hand, foot for foot” says the Bible in Exodus 21:24. It may seem a bit barbaric nowadays, but back then it established the idea of proportional punishment and—in nearby texts—a method of indemnification for crimes committed. These days, if your neighbor breaks the window of your house, you expect to get a new window and some degree of compensation if the damage was intentional. No modern society would accept the retaliatory breaking of the neighbor’s window—or demolishing his house, as the Israelis do in Lebanon and the occupied Territories—as a just response. For a long time now, Israelis are running amok in this violent manner. Having rejected their last Teacher, they are now forgetting even law morals, receding dangerously back to lawless times.
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Bill Fleckenstein: When Central Bankers Get Nervous, Watch Out !

• When bankers get nervous, watch out! 
  By Bill_Fleckenstein, http://www.msn.com/ 
  As economies worldwide weaken, the pressure is rising on the world’s central bankers for dramatic action that will ultimately do more damage. When that happens, the gold rally is on.
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  World stock markets remained under pressure over the last week due to the ongoing dysfunction in Europe and — not to be underestimated — the fact that the world economy is slowing down dramatically (which should not come as a shock to anyone who reads this column).
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  I think at this point it is worth discussing the worldwide response by central banks to this macro-deterioration. As my longtime readers know, I have absolutely no respect for any of the idiots who run central banks. They are always wrong. Repeat: they are always wrong.
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  Do you believe in global waning?
  For the last six to 12 months, they have all felt that their individual economies were stronger than they were. And no central bank has been more off the mark, or guilty of making more mistakes, than our own Federal Reserve.
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  It is so incompetent that, in addition to spawning two gargantuan financial bubbles and the ensuing consequent dislocations, it is not even capable of understanding that when you have the warmest weather in more than 100 years, it skews the seasonally adjusted data. Thus, they were all patting themselves on the back this winter while I and others were pointing out that seasonal data were drastically boosted by the weather.
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  Now the underlying economic weakness can no longer be debated, and of course it is exacerbated by the uncertainty and chaos revolving around European government debt and the implications for Europe’s financial system.
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  Recently, the Fed has sent signals that it is getting ready to do more easing of the money supply (beyond extending Operation Twist), and many other central banks have taken steps toward easier money as well. (We’ve seen this from China, Brazil, the European Central Bank and the Bank of England). 
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Stephen Leeb: The Naked Shorts Will Be Destroyed In The Gold Market !

Remember the Golden Rule: He who has the gold makes the rules!

• The Naked Shorts Will Be Destroyed In The Gold Market! 
  by www.kingworldnews.com 
  Today Stephen Leeb told King World News that the gold market now boils down to a “war between establishment and the non-establishment.”  Leeb, who is Chairman of Leeb Capital Management, also said, “When the banks finally get scared that they are short too much gold, you will see a major explosion in price.”
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  The acclaimed money manager also stated, “The banks continue to charge the customers for holding their gold as ‘allocated,’ even though the gold has gone out the door to aid in the gold price suppression scheme.  This is fraud, plain and simple, but this fraud is being encouraged by the establishment.”
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  Here is what Leeb had to say about the war in gold, who the players are, and how it will end:  “I’ve been reading through your past interviews, Eric, and it’s becoming more and more apparent to me that the gold market is really at the center of what is the major divide in this world, and that’s the establishment vs non-establishment.”
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Paul C. Roberts: War On All Fronts!

• Daniel 7:23 (New King James Version)
  23 “Thus he said:
  ‘The fourth beast shall be
  A fourth kingdom on earth,
  Which shall be different from all other kingdoms,
  And shall devour the whole earth,
  Trample it and break it in pieces.
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• The final card the western Illuminati has is the world war card. Their global economic, financial and currency hegemony is about to collapse. Exposure of their Illuminist bankster frauds are making life difficult for them. In the face of a growing economic and financial threat from China, they will find ways to neutralize China. The Russian bear has recovered from their 2 decades of collapse since the 80s. Putin does not agree to their war games in the Middle East. The endgame for the western Illuminati is global collapse leading to their Satanic World War 3. The objectives they are aiming for are a Luciferian New World Order, World Government, One World Currency, Global Supra-National Central Bank –> ’666′! Emphasis mine:
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  “It looks as if an over-confident US government is determined to have a three-front war: Syria, Lebanon, and Iran in the Middle East, China in the Far East, and Russia in Europe. ” Paul C. Roberts
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  War On All Fronts! 
  by http://www.paulcraigroberts.org/ 
  The Russian government has finally caught on that its political opposition is being financed by the US taxpayer-funded National Endowment for Democracy and other CIA/State Department fronts in an attempt to subvert the Russian government and install an American puppet state in the geographically largest country on earth, the one country with a nuclear arsenal sufficient to deter Washington’s aggression.
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  Just as earlier this year Egypt expelled hundreds of people associated with foreign-funded “non-governmental organizations” (NGOs) for “instilling dissent and meddling in domestic policies,”  the Russian Duma (parliament) has just passed a law that Putin is expected to sign that requires political organizations that receive foreign funding to register as foreign agents.  The law is based on the US law requiring the registration of foreign agents.
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  Much of the Russian political opposition consists of foreign-paid agents, and once the law passes leading elements of the Russian political opposition will have to sign in with the Russian Ministry of Justice as foreign agents of Washington.  The Itar-Tass News Agency reported on July 3 that there are about 1,000 organizations in Russia that are funded from abroad and engaged in political activity.  Try to imagine the outcry if the Russians were funding 1,000 organizations in the US engaged in an effort to turn America into a Russian puppet state. (In the US the Russians would find a lot of competition from Israel.)
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  The Washington-funded Russian political opposition masquerades behind “human rights” and says it works to “open Russia.”  What the disloyal and treasonous Washington-funded Russian “political opposition” means by “open Russia” is to open Russia for brainwashing by Western propaganda, to open Russia to economic plunder by the West, and to open Russia to having its domestic and foreign policies determined by Washington.
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  “Non-governmental organizations” are very governmental. They have played pivotal roles in both financing and running the various “color revolutions” that have established American puppet states in former constituent parts of the Soviet Empire. NGOs have been called “coup d’etat machines,” and they have served Washington well in this role. They are currently working in Venezuela against Chavez.
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  Of course, Washington is infuriated that its plans for achieving hegemony over a country too dangerous to attack militarily have been derailed by Russia’s awakening, after two decades, to the threat of being politically subverted by Washington-financed NGOs.  Washington requires foreign-funded organizations to register as foreign agents (unless they are Israeli funded).  However, this fact doesn’t stop Washington from denouncing the new Russian law as “anti-democratic,” “police state,” blah-blah.  Caught with its hand in subversion, Washington calls Putin names. The pity is that most of the brainwashed West will fall for Washington’s lies, and we will hear more about “gangster state Russia.”
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  China is also in Washington’s crosshairs.  China’s rapid rise as an economic power is perceived in Washington as a dire threat. China must be contained. Obama’s US Trade Representative has been secretly negotiating for the last 2 or 3 years a Trans Pacific Partnership, whose purpose is to derail China’s natural economic leadership in its own sphere of influence and replace it with Washington’s leadership.
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  Washington is also pushing to form new military alliances in Asia and to establish new military bases in the Philippines, S. Korea, Thailand, Vietnam, Australia, New Zealand, and elsewhere.
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  Washington quickly inserted itself into disputes between China and Vietnam and China and the Philippines. Washington aligned with its former Vietnamese enemy in Vietnam’s dispute with China over the resource rich Paracel and Spratly islands and with the Philippines in its dispute with China over the resource rich Scarborough Shoal.
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  Thus, like England’s interference in the dispute between Poland and National Socialist Germany over the return to Germany of German territories that were given to Poland as World War I booty, Washington sets the stage for war.
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  China has been cooperative with Washington, because the offshoring of the US economy to China was an important component in China’s unprecedented high rate of economic development. American capitalists got their short-run profits, and China got the capital and technology to build an economy that in another 2 or 3 years will have surpassed the sinking US economy.  Jobs offshoring, mistaken for free trade by free market economists, has built China and destroyed America.
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  Washington’s growing interference in Chinese affairs has convinced China’s government that military countermeasures are required to neutralize Washington’s announced intentions to build its military presence in China’s sphere of influence.  Washington’s view is that only Washington, no one else, has a sphere of influence, and Washington’s sphere of influence is the entire world.
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  On July 14 China’s official news agency, Xinhua, said that Washington was interfering in Chinese affairs and making China’s disputes with Vietnam and the Philippines impossible to resolve.
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  It looks as if an over-confident US government is determined to have a three-front war: Syria, Lebanon, and Iran in the Middle East, China in the Far East, and Russia in Europe. This would appear to be an ambitious agenda for a government whose military was unable to occupy Iraq after nine years or to defeat the lightly-armed Taliban after eleven years, and whose economy and those of its NATO puppets are in trouble and decline with corresponding rising internal unrest and loss of confidence in political leadership. http://www.spiegel.de/international/world/pew-study-finds-steep-declines-in-faith-in-politicians-and-capitalism-a-844127.html

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“Trade-Off”: A Study In Global Systemic Collapse!

• “Trade-Off”: A Study In Global Systemic Collapse! 
  by Tyler Durden, www.zerohedge.com
  And now a little something for everyone who consistently has a nagging feeling that at any second the world is one short flap of a butterfly’s wings away from complete systemic disintegration: according to David Korowicz of FEASTA, and his most recent paper: ‘Trade-Off: Financial System Supply-Chain Cross-Contagion: a study in global systemic collapse.” that just may be the case.
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  Without further ado, we hand over the mic to the author:
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  This study considers the relationship between a global systemic banking, monetary and solvency crisis and its implications for the real-time flow of goods and services in the globalised economy. It outlines how contagion in the financial system could set off semi-autonomous contagion in supplychains globally, even where buyers and sellers are linked by solvency, sound money and bank intermediation. The cross-contagion between the financial system and trade/production networks is mutually reinforcing.
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  It is argued that in order to understand systemic risk in the globalised economy, account must be taken of how growing complexity (interconnectedness, interdependence and the speed of processes), the de-localisation of production and concentration within key pillars of the globalised economy have magnified global vulnerability and opened up the possibility of a rapid and large-scale collapse. ‘Collapse’ in this sense means the irreversible loss of socio-economic complexity which fundamentally transforms the nature of the economy. These crucial issues have not been recognised by policy-makers nor are they reflected in economic thinking or modelling.
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  As the globalised economy has become more complex and ever faster (for example, Just-in-Time logistics), the ability of the real economy to pick up and globally transmit supply-chain failure, and then contagion, has become greater and potentially more devastating in its impacts. In a more complex and interdependent economy, fewer failures are required to transmit cascading failure through socio-economic systems. In addition, we have normalised massive increases in the complex conditionality that underpins modern societies and our welfare. Thus we have problems seeing, never mind planning for such eventualities, while the risk of them occurring has increased significantly. The most powerful primary cause of such an event would be a large-scale financial shock initially centring on some of the most complex and trade central parts of the globalised economy.
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  The argument that a large-scale and globalised financial-banking-monetary crisis is likely arises from two sources. Firstly, from the outcome and management of credit over-expansion and global imbalances and the growing stresses in the Eurozone and global banking system. Secondly, from the manifest risk that we are at a peak in global oil production, and that affordable, real-time production will begin to decline in the next few years. In the latter case, the credit backing of fractional reserve banks, monetary systems and financial assets are fundamentally incompatible with energy constraints. It is argued that in the coming years there are multiple routes to a largescale breakdown in the global financial system, comprising systemic banking collapses, monetary system failure, credit and financial asset vaporization. This breakdown, however and whenever it comes, is likely to be fast and disorderly and could overwhelm society’s ability to respond.
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  We consider one scenario to give a practical dimension to understanding supply-chain contagion: a break-up of the Euro and an intertwined systemic banking crisis. Simple argument and modelling will point to the likelihood of a food security crisis within days in the directly affected countries and an initially exponential spread of production failures across the world beginning within a week. This  will reinforce and spread financial system contagion. It is also argued that the longer the crisis goes on, the greater the likelihood of its irreversibility. This could be in as little as three weeks. This study draws upon simple ideas drawn from ecology, systems dynamics, and the study of complex networks to frame the discussion of the globalised economy. Real-life events such as United Kingdom fuel blockades (2000) and the Japanese Tsunami (2011) are used to shed light on modern trade vulnerability.
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