Socio-Economics History Blog

Socio-Economics & History Commentary

Peter Schiff: Gold Price Poised for Spectacular and Prolonged Rally!

  • Gold bugs have been pretty disappointed this past few months. Gold price does not seem to want to breach $1000/ounce level. The gold cartel has been successful in beating back all the assaults to go higher. But I agree with Peter Schiff, gold will go higher, very much higher. It may take a few more months but it will come! Talks of another US stimulus package gives me even more confidence that the USD will collapse!
     
  • Mineweb reports :
      
    “I think that gold is going to go to many thousands of dollars an ounce. I’m not exactly sure how high but I think it will be a spectacular run.”
     
    Gold prices are poised for a “spectacular” and prolonged rally as the recession deepens and investors finally become disillusioned with the U.S. dollar.
     
    So says renowned Wall Street financial forecaster and economist Peter Schiff, who loudly warned of the October 2008 stock market crash and accompanying recession as far back as 2006.
     
    Since the global economic meltdown, the president of the Connecticut-based investment firm Euro Pacific Capital has struck a chord with rattled investors who have lost faith in America’s bedrock financial institutions.  Hence, his well-received television media blitz in recent months has focused on extolling the virtues of owning gold bullion or gold equities, as well as urging Americans to get out of U.S. denominated investment assets.   
     
    In a recent on-camera interview with BNW Business News Wire, Schiff suggests that the looming prospect of a hyper-inflationary environment in the U.S. will severely debase the greenback over the next few years. And the global investment community will realize that gold represents the ultimate “store of value” as a safe haven replacement for a discredited U.S. dollar.

     
    Hence, gold bullion and gold-related investments, such as gold equities, will prove to be the best way to shield one’s money from the ravages of a protracted and severe inflationary environment, Schiff says.
     
    “If you really want to grow your wealth, you should own gold in the mining sector,” he adds, while also suggesting that gold equities (companies that are already in production) offer the greatest leverage to rising gold prices.
     
    “With gold stocks, there’s obviously a lot of leverage to higher gold prices. As millions or billions of people discover gold as a store of value and as a way to escape inflation, there’s going to be tremendous demand and somebody’s going to have to supply that demand. It’s obviously going to have to be mined,” he says. “So the companies that have gold and mine it are going to see profit margins explode.”
     
    This extraordinary scenario will be accentuated by two key developments, Schiff says. One of them concerns the fact that burgeoning demand for gold will continue to outstrip annual global output. In fact, world gold production has been steadily declining since it peaked in 2001 in spite of a nearly U.S. $600 rise in gold’s price since then.
     
    “Mines are not as productive as they used to be. Supply is very constrained. So if we get a big increase in demand, there are really no significant new gold deposits that are going to come on-stream any time soon. So the companies that are already producing are simply going to be able to get a lot more money for the ounces that they pull out of the ground,” he adds.
     
    The other key consideration is an inevitable return to the ‘Gold Standard’ as a way for the world’s central banks to attach a meaningful valuation to each of their country’s currencies, Schiff says.
     
    “The only solution to the economic problems that we have today is a return to sound money… The world is ultimately going to have to move away from the ‘Dollar Standard’ and back their currencies with something real. I think gold is the best thing to use. Gold has been money for 5,000 years,” he adds.
     
    “When we go back to a real monetary standard…you’re talking about billions of people who don’t own any gold right now who will. Where’s the gold going to come from? It’s going to get mined.”
     
    So obviously, in order for the world to go back to a Gold Standard, given how much paper money the U.S. government has printed, gold prices are going to have to be up in the stratosphere to make it work,” he declares.
     
    “I think that gold is going to go to many thousands of dollars an ounce. I’m not exactly sure how high but I think it will be a spectacular run.” Hence, gold producers will be big beneficiaries of the paradox that the noble metal is gradually reverting back to its traditional role as a last-resort hedge against economic turmoil and political crises at a time when underground supplies are beginning to dry up.
     
    This suggests that gold stocks will be counter-cyclical investment stand-outs for the next few years, Schiff says. Against a grim backdrop of painful and pronounced economic contraction in North America, gold miners will literally have a license to print money.

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July 10, 2009 Posted by | Economics | , , , , | 4 Comments

U.S. Food-Stamp Recipients Reached Record 33.8 Million in April

  • Things are not getting better. More people are impoverished and unable to feed themselves. We are entering a period of: wars and rumours of wars, famine and diseases. Bloomberg reports:
      
    A record 33.8 million people received food stamps in April, up 20 percent from a year earlier, as
    unemployment surged toward a 26-year high, government figures show. Spending also jumped, as the average benefit rose.
     
    It was the fifth straight month of record participation in the
    Supplemental Nutrition Assistance Program, according to the U.S. Department of Agriculture, and up 1.8 percent from the prior month. Total spending was $4.5 billion, up 19 percent from the previous all-time high reached in March, the USDA said.
     
    The government is boosting food aid in response to a
    jobless rate that rose to 9.5 percent in June from 9.4 percent in May. An additional $20 billion over five years was authorized for nutrition assistance in the $787 billion stimulus bill Congress passed in February.
     
    Utah had the biggest increase in the
    number of recipients from a year earlier, 46 percent, while South Dakota had the steepest jump from March, 6.4 percent.
     
    Texas was the only state where the number of participants declined from the previous month. It still had the most recipients, 2.92 million, followed by California with 2.7 million and New York with 2.34 million. The average monthly benefit for an individual rose 17 percent from March to $133.28.
     
    An average of about 35 million people are expected to be receiving food stamps each month in the year that begins Oct. 1, according to the budget President
    Barack Obama sent to Congress in May.

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July 10, 2009 Posted by | Economics | , | 1 Comment

Central Banksters Final Moves for Total Control –> ‘666’ ?

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July 10, 2009 Posted by | Economics | , , , , , | 2 Comments

9/11 Conspiracy Predicted in X-Files’ Spin Off – The Illuminati Card Game !

  • This episode of the X-Files was aired on 4 March 2001. For those who understand the modus operandi of the Illuminati: it comes as no surprise. They seem to have this need to telegraph their intentions and plans before hand publicly. This is perhaps an early warning system to inform their Illuminati henchmen. It is a very effective public warning system to their fellow Satanists to take precautions by hiding their plans in plain sight.
     
  • In 1995, someone came out with the Illuminati card game. Take a good look at these cards. See what they predicted. How did the card designer know? See also what else is predicted. Truth or lies? Who knows?  

“Terrorist Nuke” — This card is one of the most shocking of all, especially in light of the fact that this game first hit the specialty stores in 1995! How in the world did Steve Jackson know that the Twin Towers of the World Trade Center were going to be attacked? In fact, this card accurately depicted the World Trade Center attack in great detail. This card accurately depicts several facts of 9/11 — on cards created all the way back in 1995! The picture accurately depicts:
 
* That one tower was going to be struck first; this picture accurately depicts the moments between the first tower strike and the second.
 
* The card accurately depicts that the place of impact is some distance from the top of the twin towers. The plane hit in this approximate area of the first tower. How in the world could Steve Jackson know this fact?
 
* The card accurately depicts the Illuminati leadership by showing on the building to the extreme left of the card the Illuminist pyramid with an all-seeing eye in the middle.
 
* The caption at the top properly identifies the perpetrators of the attack as “terrorists”
 
However, what does the caption to this card mean? It says, “Terrorist Nuke”. Now, what could this possibly mean? The Twin Towers were not destroyed by a terrorist nuclear device, or were they? In our article on the Bali Blast, we noted the scientific data that suggested the hotel was taken down by a micro-nuclear device of about 0.10 kilotons [Read NEWS1715]. One can only ask: was a micro-nuclear device used at the base of the Twin Towers as well? That kind of small, but nuclear, explosion would account for the sudden manner the reinforced concrete and steel shell simply crumbled into dust as it fell. That kind of nuclear explosion would also explain the tremendous heat that stayed at “Ground Zero” for several months after 9/11. As we head into the planned “terrorist attacks” and attendant panics, we have to remain cognizant that a micro-nuke device might be the real culprit in some of these attacks.     “Pentagon” — When I saw this card, immediately after seeing the Twin Tower picture, my blood froze! Unless one had advanced knowledge of the Illuminati Plan, there is no way on earth that they would have been able to create pictures in 1995 that accurately depict the unfolding events of 9/11! The Pentagon is shown on fire; we know that a plane allegedly flew into a section of the Pentagon and nearly burned that section completely. However, the rest of the Pentagon was undamaged to the point where its functions continued unimpeded.
 
Isn’t this the situation depicted here? This card shows a fire burning mightily in the center courtyard of the Pentagon, but the rest of the building looks undamaged enough so that normal activities could continue unimpeded!
 
Thus, these two cards literally depict both of the strikes of 9/11: against the Twin Towers first and then against the Pentagon.
This kind of accuracy 6 years before the attacks is possible only if one knows the Illuminati Plan very thoroughly.

“Population Control” — Even though the heading on this card says, “Population Reductionl”, the scene depicted shows clearly the Twin Towers under attack. With the Twin Towers under attack, and the tops of them hidden by the black smoke, the New York Empire State Building is again the tallest building in the City! Further, notice that the smoke is shaped in the form of a demon’s face. This is highly significant for several reasons:
 
* During the filming of the actual fire pouring forth from the Twin Towers, several cameras caught what seemed to be a demon face in the smoke (see picture at bottom of post). While most people were discounting this face as purely coincidental, two former Satanists called me within a couple of hours after those pictures were released, to tell me that those faces looked exactly like demons they had seen during a ritual when demons physically manifest themselves in this dimension. Cisco Wheeler further said that some of the most powerful demons in Satan’s kingdom were known as Fire Demons; it was to these demons that the ancient peoples — including Jews — sacrificed their children to Molech. The appearance of these demon faces might be proof of what I have been saying — that the attack was a Fire Ritual Sacrifice carried out by the Illuminati.
 
This attack on the Twin Towers also was a perfect Satanic Fire Sacrifice, as we detail in NEWS1541. Many pictures abounded on 9/11 that showed a demon’s face in the fire high up on the Twin Towers. This was not a coincidental phenomenon.
 
* The fact that this card shows a demon face in the smoke of the Twin Towers in 1995 demonstrates that the Illuminati planned to make the Twin Towers a Fire Sacrifice that would call up Fire Demons. This card predicted it, and the demons manifested themselves through the fire. Just as Waco and Oklahoma City were fire sacrifices, so was the attack on the Twin Towers. 
 

“Center For Disease Control” — “As its action, the CDC can supply Relief to one Devastated location … If the CDC makes a direct attack to destroy a Place, it can use biological warfare and get a plus 15 to its attack.” Don’t you find it highly interesting that this game foresees the CDC creating and launching a biological attack on a “Place”! In the earlier part of this article, we posted the very important question as to who would launch a smallpox attack upon us, if Iraq, North Korea, al Qaeda, Syria, and other rogue states are unable to launch a weaponized smallpox attack; this card seems to answer this question: the CDC will launch the attack! Of course, our authorities will undoubtedly accuse either Iraq or terrorists for this smallpox attack!
 
Truly, if a sophisticated attack were made on our cities with a bio-terror weapons, the thinking American citizen would have to realize that only the Russians or the Americans possessed the capability of inflicting this attack. Remember when 11 of the world’s top scientists in the field of DNA and in fighting infectious diseases started dropping dead almost exactly a year ago. [Read
NEWS1592] At the moment the CDC is supposedly struggling with a bio-terror attack, these top scientists will no longer be able to do either of the following actions:
 
1. Use their expertise to fight this disease
2. Use their expertise to alert the world that only the U.S. and the Russians had the capability of inflicting this type of bio-terror attack. None of these scientists will be able to blow the whistle!
 

“Epidemic” — “Disaster! This is an attack to destroy any Place. It does not require an action. Its power is 14. This is not an instant attack. If the attack succeeds, the target is Devastated.” The wording of this card — “not an instant attack” — seems to imply that the attack will occur silently, with people getting sick at different times well after the attack. This wording seems perilously close to the New World Order Plan. Listen:
 
“Len: And this report went on to say that the experiment was considered a partial failure because they got a slow-acting virus rather than a fast one. They were allegedly looking for fact acting killers. Robert: Except that quick viruses are, of course, worthless, because they’re too easy to defend against. I mean a very fast-acting virus is not any good … Cold Springs Harbor put out a big thing on MMMV, that is, the ‘maximally monstrous malignant virus’ …” [Dr. Leonard Horowitz, “Emerging Viruses: AIDS and Ebola”, p. 106]
 
Dr. Horowitz clearly believes that the Plan calls for a slow-acting virus, one that will begin to kill people at different times after the initial infection.
 
We encourage you to read
NEWS1752 for a complete explanation of the planned use of infectious disease to dramatically reduce global population and the historical fact that vaccinations have already been used to kill tens of millions of people. 

“Combined Disasters” — Once again, how did this inventor of role-playing games know that, in addition to planned attacks on 9/11, and infectious diseases, the Illuminati has a myriad of other planned disasters that, when combined, they will so panic the peoples of the world that they will allow their liberties to be taken away and their freely elected governments to be abolished? What did Jesus predict?

“Men’s hearts failing them for fear.” Luke 21:26 (KJV) 

Demon Face

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July 10, 2009 Posted by | EndTimes, GeoPolitics, History | , , , , , | 22 Comments