Bob Chapman Red Alert Dec 2011

bobchapman.blogspot.com

Bob Chapman : explains and talks about the new the Indefinite Detention Bill , everybody should be horrified by the Senate’s passage of legislation that would allow for indefinite detention of Americans.We are losing our constitutional rights of American citizens by the day , you have to speak out and protest , anybody now could be picked up as a terrorist and incarcerated for ever.

by Freeamerican69 on Dec 5, 2011




CALL YOUR CONGRESSMAN OR IT IS OVER FOR THE RESISTING THE N.W.O!

The Senate last night codified into law the power of the U.S. military to indefinitely detain an American citizen with no charge, no trial and no oversight whatsoever with the passage of S. 1867, the National Defense Authorization Act. One amendment that would have specifically blocked the measures from being used against U.S. citizens was voted down and the final bill was passed 93-7.
In a stunning move that has civil libertarians stuttering with disbelief, the U.S. Senate has just passed a bill that effectively ends the Bill of Rights in America. This bill, passed late last night in a 93-7 vote, declares the entire USA to be a "battleground" upon which U.S. military forces can operate with impunity, overriding Posse Comitatus and granting the military the unchecked power to arrest, detain, interrogate and even assassinate U.S. citizens with impunity.

It's being called the most traitorous act ever witnessed in the Senate, and the language of the bill is cleverly designed to make you think it doesn't apply to Americans, but toward the end of the bill it essentially says it can apply to Americans "if we want it to."

Even WIRED magazine was outraged at this bill, reporting:

...the detention mandate to use indefinite military detention in terrorism cases isn't limited to foreigners. It's confusing, because two different sections of the bill seem to contradict each other, but in the judgment of the University of Texas' Robert Chesney — a nonpartisan authority on military detention — "U.S. citizens are included in the grant of detention authority."
http://www.wired.com/dangerroom/2011/12/senate-military-detention/

The passage of this law is nothing less than an outright declaration of WAR against the American People by the military-connected power elite. If this is signed into law, it will shred the remaining tenants of the Bill of Rights and unleash upon America a total military dictatorship, complete with secret arrests, secret prisons, unlawful interrogations, indefinite detainment without ever being charged with a crime, the torture of Americans and even the "legitimate assassination" of U.S. citizens on right here on American soil!

If you have not yet woken up to the reality of the police state we've been warning you about, I hope you realize we are fast running out of time. Once this becomes law, you have no rights whatsoever in America -- no due process, no First Amendment speech rights, no right to remain silent, nothing.

Bob Chapman : a new Dollar is underway

bobchapman.blogspot.com

Bob Chapman : ...we broke that story two weeks ago , banks are being told , and I get this right from the people who are at the top of the banking profession not with major banks but with top middle sized sized banks and they go to the FED meetings and they tell me what goes on and they told me that the FED told the Banks to clear safe secure storage because we are getting ready to print a new currency , it's not the Amero it's a dollar probably a different one of what you have already , it's underway , it may not be in the printing stage yet but the plans are there ....because the FED is expecting as is the treasury the the US Dollar is not going to be the reserve currency of the world in about a year and a half may be less .....

Cointelpro, 'OCCUPY' Movement Infiltrated? Ag & Au Update: BOB CHAPMAN

SGTbull07 on Oct 11, 2011




CFTC Limits? JP Morgan Covers? Gold in Fort Knox? BOB CHAPMAN pt.2

Bob Chapman to the CFR , & Trilateral Commission & Bilderberger Group , we are coming after you

bobchapman.blogspot.com

Bob Chapman : ...we know what's you are doing and we are going to put an end to it , because if you are the snakes head we are going to lop it off , that's the way that works , they are in far more danger than we are because people like me are going to go after them , and even if there a hundred or two hundred people around them to defend them , if you want somebody dead they are going to be dead so that's what these people in the Council of Foreign Relations the Trilateral Commission the Bilderberger Group and all those other groups that's what they are going to expect this time

Bob Chapman : America that you know is gone

Bob Chapman : I got news for you America that you know is gone , you'll be lucky if we can emulate the 1950s that's when I grow up and it was not an easy job , you could not find a job you had to be connected , that's where we are headed many of you people will never ever work again ...they sent your probable job to China or some other place , it is over you will eventually end up in an internment camp you will starve to death and they won't treat you

Market Havoc and Threats to Your Pension

Bob Chapman
International Forecaster

We have warned subscribers and listeners and those on the Internet over and over again that government was going to come after your private retirement funds including 401K’s and IRA’s that hold $6.6 trillion in investments.

This past week in a grand deficit cutting bargain the Senate Finance Committee explored “Tax Reform Options Promoting Retirement Security.” The excuse is to make 401K plans more efficient; to keep Social Security afloat and to switch funds from these retirement plans to be used elsewhere by government. It is called a looting procedure. The idea is to replace the 401K with a tax break that would allow government to offer bigger benefits to low earners and changes in withdrawal choices at retirement. It would include a change in the way Social Security benefits are calculated to reduce eventual payout and subsidize the poor via a government guaranteed annuity. There would also be an increase in the retirement age. This approach is similar to something you would find in the communist manifesto. Take from the bigger producers to subsidize the lesser producers. Each according to his ability and each according to his means.

We are told Social Security will be out of funds in 2036, which is untrue and the Congress does not mention that the trust fund has been looted since June of 1935. All that is left are worthless bonds. Those that read the Act will find that if government does not have the funds for Social Security they must sell bonds to fund any shortfalls. This fact is, of course, ignored by the Congress and the person who calls himself president. They are more interested in loophole-closing rate-lowering tax reform, which are code words to cut current Social Security income and transfer those funds to other pet socialist projects, that government deems more important.

The Congress could care less that you paid taxes for a lifetime for this payout, and it is not a benefit, because you paid for it, and have your benefits shifted to those on lower income brackets or to pet socialist projects. What upsets the socialist and fascists in government is that the tax break for defined contribution retirement plans is that it will cost the Treasury $212.2 billion between 2010 and 2014.

What really galls them is that 80% of the payout goes to the top 20% of earners and they want those funds to be redistributed to the less fortunate, to offset debt or to be applied in other socialized areas. One of the proposals is to roll back the current $16,500 annual 401K tax deferred contribution to a level of $10,500. If this is followed government would capture $450 billion in additional tax revenue, and low-income workers would not be affected. We suggest Congress change the law and tax the $2.2 trillion parked offshore in tax havens at 35% and bring in revenue of $800 billion or more and to keep that revenue stream going. That means only $1 trillion would have to be cut from military spending and we’d have a balanced budget. That would be just too simple and it might upset the transnational conglomerates and the military industrial complex.

Needless to say, Americans would stop saving conventionally and purchase gold and silver related assets that have appreciated more than 20% annually for the past 11-1/2 years. These changes would render 401Ks and IRAs redundant. The incentive would be gone and all those funds might not be available to the government for redistribution to low-income citizens.

The bottom line is the government wants your retirement and more taxes. Private annuities could face insurance company collapse if the Dow went to 3 or 4,000 and of course the government is insolvent. For current retirees there has been no COLA increase as inflation has ranged from 5% to 11.2% and by the looks of it the CPI will be rigged lower again, so there never will be an adjustment in payout. The latest is a chained CPI, which would further lower benefits.

This is the brave new world planned by your masters. You people should smarten up and dump your retirement plans now. Stop being seduced by the tax breaks or shelter and run your own savings away from the clutches of government. If you don’t you could end up losing it all.

There are those who make excuses for the Federal Reserve and for the European Central Bank as well. Both are controlled by the banking community and are only interested in enriching themselves. These central banks take their orders who own or control these central banks. In the case of the ECNB and other sovereign banks, they are responsible for the terrible state of finances in the euro zone. Yes, we know the banks, and sovereign bans made the loans or brought the bonds, but the ECB has a direct connection into these institutions. The ECB president Jean-Claude Trichet is supposed to be a very bright banker. If that is so, why did this happen on his watch? We will tell you why. It is because he serves the bankers and not the people. He is just another front man for the Illuminists, just as Mr. Bernanke is. Mr. Trichet has only 2-months to go and then he can rejoin his banker friends.

As a result of Europe’s version of the financial wild west Greek credit default swaps are at a record 3,470 BPS as investors, citizens and others await default. Greek two-year yields rose 852 BPS and the Italian 10-year notes rose 12 BPS to 5.39%. The euro was off 3.9% this past week and probably is headed lower. These past three weeks Mr. Trichet engaged in a bond buying program of Italian and Spanish bonds, is a foolhardy undertaking. It resulted in the resignation of Mr. Stark, because he opposed the bond-buying program. Mr. Stark was the vice chairman of the German Bundesbank for four years. German banker Alex Weber and Bundesbank President Jens Weidmann also agree with Mr. Stark.

The 2008 credit crisis wreaked havoc on European, UK and US markets and as a result the latest episode, which has been playing out over the past two years, has really taken its toll on the value and stability of the euro. The euro zone is in a state of contagion with six of its sovereign members in serious financial trouble. The pull of saving the euro has been much stronger than a common sense approach to allow the insolvent to go bankrupt, something that was inevitable, and which we predicted years ago. This same pressure, or mind set, is what propelled the ECB to violate its own rules to arbitrarily buy the bonds of Italy and Spain in the open market. These acts are what finally pushed Germany citizens over the edge. It is a fundamental difference culturally, socially and financially between sovereign nations that have very little in common. We have lived among these cultures and speak their languages. We knew from the very beginning that the European approaches to amalgamation would never work. The European common market and then the European Union, an unnatural combination of people’s anthropologically, which had little in common. The 3% public debt formula that came out of the Maastricht Treaty was unattainable for at least 1/3 of euro zone members; along with one-interest rate fits all was a loser since its inception. That is because each economy was and is at a different stage of financial and economic development. The EU was an experiment and a forerunner for world government. It is as simple as that. Yes, the euro zone is crumbling and the bankers who control all these politicians and bureaucrats are going to lose out and take their losses and in that process many will face failure and rightly so. The creators of the EU, euro zone and ECB have a failing monstrosity on their hands, an expanding debt crisis. What could the ECB and sovereign central banks have been thinking about to allow such extension of credit? It defied all the rules of prudent banking. There are many to blame here reaching all the way back into the 1960s. The dogged insistence of merging of nations under the pretext of preventing future wars, when in fact it was a blatant attempt to create a one-world government.

The debt bubble has enveloped Greece, Ireland and Portugal and most likely will suck in Belgium, Spain and Italy in the process. There is absolutely no way a financial crisis can be avoided and it’s already been in this stage of failure for two years. No country can bailout these six without destroying themselves. Can 21 nations find $4 to $6 trillion to bail out the six? We do not think so, and we have said this from the beginning. Fragile isn’t the word for it, neither is contagion. The operative phrase is object failure.

You might think these are strong words, but they are not. We have watched this fiasco for 53 years knowing from the beginning it would never work. We lived in Switzerland, worked and went to school there, and experienced what it was like living in a country based on a parasitical concept. The bankers there are now in as much trouble as those elsewhere in Europe. For the sake of business they have recently attached their currency to the euro at the worst possible time. They are now going to financially suffer with the rest of Europe. You are seeing a flight out of the euro into gold and silver and you will see that same flight from the Swiss franc in the future.

How could the ECB believe that they could solve the problem by aggressively interfering in the markets? All they did was get the bankers holding this rancid paper off the books, transferring the failure on to the backs of already overburdened taxpayers? It is the same thing the Fed has done, the same model. This all is not the result of incompetence, negligence or mismanagement. This lending was deliberate and with forethought. There was and is another agenda and that is world government.

Why would anyone buy a Eurobond even if Germany backed the bond with others, if the six nations are insolvent? That could only be to keep the one world game going. Those who are waiting for the Germany to succumb may have a long wait. If the Bundestag passes such legislation there could be a revolution in Germany. Germans do not care about the credit system, the euro, the euro zone, the EC or anything else. They never wanted the EU and much less the euro. They want to cut their losses, because they see the costs being endless. They want to take their losses and move on. The situation with Greece is again at the forefront as the current German government prepares plans to back up the financial sector, as the Greeks prepare for default. Papandreou, PM of Greece, just gave a speech in Thessaloniki, blaming all his problems on the previous administration. During that speech, and before and after, the PM and his entourage were petted with eggs and yogurt, as some threw rocks. That led to men in hoods causing chaos. Greece could go into bankruptcy at any time. That would be a lifesaver for Germany, Mrs. Merkel and the CDU, the Christian Democratic Union. The PM wants to take 200,000 taxi driver licenses, which are worth the price of a home, away from them and give those contracts to a German consortium. These facts are part of the equation that you never hear about.

As far as we can see the “Eurobond” is dead, but there are things known as zombies that rise from the dead. Smug Americans should be aware that NYC Legacy banks have written about $150 billion in credit default swaps and money market funds chased the yields on sovereign bonds on about 50% of their assets. How much are they at risk – $500 billion?

Five US banks control 95% of derivatives, the biggest of which by far is JPMorgan Chase, which says European and Asian banks are being subsidized and that the rules favor them, which is detrimental to US banks. This claim of course is baseless. More of a psychological distraction. European banks are probably facing losses in a mark-to-market of $500 billion to $1 trillion and US banks are off at least as bad off. As an aside the events in Europe could cost US transnational conglomerates dearly. As an example Dow Chemical gets one-third of its sales from Europe, Carnival Cruise Lines 50% and Coca Cola 100%. The rest of the Dow and the S&P 500 are in the same general category. We suppose next both European and US banks will be bailed out as too big to fail by their governments. That is what is currently in process in Germany. The week of September 11th will leave a very important imprint on the system of finance worldwide. We are sure that behind the scenes the Fed is working feverishly with European banks and governments to create money and credit in order to bail these basket cases out. All major banks have eagerly violated the rules and now expect the taxpayers of the US, UK and Europe to bail them out. Smart people are pulling all of their funds out of banks and putting their assets into gold and silver coins, bullion and shares. With that in mind the US treasury, the Fed and foreign central banks continue day after day attacking gold and silver to discredit them as safe alternative investments. It works for a few days, but the effect dies quickly. They are not fooling the informed public anymore; the flight to quality grows in intensity with each passing day.

As you can see the Greek default will open up a Pandora’s Box of problems for banks and for sovereign countries as contagion takes hold. We have seen as a result that the Swiss National Bank has linked its currency, the franc, to the plunging euro, so its goods can currently compete in the euro zone. This was a short-term decision and a terrible choice. It eliminates the Swiss franc as a safe haven currency, as money flows out of the franc on a long-term basis and into gold and silver. From our point of view a terrible choice. This is your face devaluation will be something the Swiss will pay for over a long period of time. First they roll on American accounts for the US IRS, and then they deliberately devalue. They must have financial suicide in mind. Swiss policymaking is simply dumb and that goes for other countries as well. Almost all currencies are opting for an increase in money and credit to gain time. Each entity has its propaganda machines operating full tilt. As an example of desperation Treasury Secretary Geithner was interviewed by Jim Cramer, the bombastic clown at CNBC. Cramer is bright, but he is nothing less than a cheap hustler. CNBC is now absent any real talent that is credible after the departure to CNN of Erin Burnett. The Illuminists could have arranged the job at CNN. She is a member of the CFR. The network has fossilized. Monetary expediency and fiscal profligacy are the name of the game practically worldwide. That leaves little stability and forces a flight to quality. These elitists cannot help themselves. They are trapped and there is no escape from worse trouble ahead.

Greek default, as we predicted almost two years ago, is on the way. The timing we’ll leave to the psychics, but it won’t be long. We hope it is total default, because anything less would defeat the underlying purposes. Finally, Germans have refused to throw good money after bad. They have come to realize that their part of the $4 to $6 trillion bailout of six insolvent countries would render them insolvent as well. That has led the German government to shore up its national bank structure, including landbanks, which are similar to savings & loans. The government also took a hard stance toward Greece unless it meets fiscal targets. Ring-fencing financial institutions is the German equivalent of circling the wagons.

As a result the euro fell the most in a year versus the dollar. We guess they were overlooking US exposure to European debt problems. The NYC legacy banks could lose $150 billion in credit default swaps losses and how about the $300 billion that pension and money market funds invested in Europe’s toxic bonds in search for a yield? As we have always written – never, ever, ever, chase a yield. Mr. Geithner is running hither and yon trying to find political will, when Europe has simply run out of gas. Europe’s problems are unfixable and only bankruptcy can ensue in a number of countries. The EU and the euro, the basis for one-world government is dead. The silver spike has been driven into their hearts. The bank rating reductions are underway in Europe as a result of blatantly imprudent lending. Even the exulted Lord Rothschild had to infuse capital into Societe Generale to keep it from failing two short weeks ago.

Germany leads the hit parade at the biggest holders of Greek government debt with some $22 billion in exposure. Germans are looking for 50% losses in Greek bonds; a deal they turned down 1-1/2 years ago. At the time we said they were foolish and as it turns out they were. They may get 50% but we do not think so. Germany is preparing for the worst. In six state elections since Hamburg in March the CDU has lost them all. The latest in Mecklenburg-Western Pomerania, Merkel’s home state. We will see what happens in Berlin on Sunday. The voters in every election have rejected putting more money on the line for bailouts. An Emnid poll showed 53% of Germans oppose further bailouts. There is no question that Europe financially is upside down and headed for more trouble down the road. Do not feel left out the UK and US are close behind.

This is an excerpt from Bob Chapman's key publication The International Forecaster. We encourage our readers to sign up to his weekly publication and receive essential market analysis from one of the best in the world.

Bob Chapman : The Austrian Banks limiting the Gold purchase to 15K Euros

bobchapman.blogspot.com

Bob Chapman - Financial Survival 16 Sept 2011

Bob Chapman : The Austrian Banks limiting the Gold purchase to 15K Euros which is about $20K ,unless they have a database reporting the sales in all the banks this is useless , this is stupid says bob Chapman , it will just create a black market for gold with higher premiums , they are trying to limit the people from purchasing gold other European countries are doing the same , this gold thing is just killing them , they should know better than this , this is dumber than dumb , but it shows you how desperate they are ....



Bob Chapman - The Sovereign Economist 15 September 2011Bob Chapman : this is the beginning of the end , how long would it take , 3 or 4 years may be , but it is going to come they are going to destroy society they are going to make the third world countries stronger and the first world countries weaker so that they can force them on their knees to accept a world government and that's what all this is all about ....

$8,000 Gold & $500 Silver, MINUMUM : Bob Chapman

Uploaded by SGTbull07 on Aug 22, 2011

The Fed Leads By Deception

August 10 2011: The Fed has not solved any crisis, no real debt solution in place, merely a palliative solution, Gold gaining power, reinstitution of Glass-Steagall Act, no end to what the government is capable of spending, economic collapse is on the way, nothing to stop it.

One thing is for sure the Fed leads by deception. We have seen the act since 2007 when it supposedly set out to solve the credit crisis. Quantitative easing and zero interest rates may have provided the Fed with additional time, but they did little to solve the long-term problems, or to help bring about recovery. In fact, these measures insure that we will have future problems, particularly with inflation. Those who understand what the Fed is up to also understand that the Fed has little credibility and its reputation may have been totally lost. The recent debt extension served to help the great spenders, but we see it as a prelude to a lowering of the US credit rating that could cost an additional $300 billion a year. That does not sound like any kind of a victory to us. The flipside is more debt, higher inflation, a falling dollar and higher gold and silver prices. That means more exports but more expensive inflationary imports. Such policies make our projection for 14% inflation this year very feasible in spite of $2 trillion lying dormant in bank vaults or at the Fed. Sooner or later those funds will be released and when they are monetized there will be a liquidity explosion that will catapult inflation.

The latest version of the “Star Chamber”, or the Soviet Politburo, or Obama’s version of Adolph Hitler’s “Enabling Act of 1933”, will soon appear in Washington to unconstitutionally bypass Congress. The latest version will be more on the corporatist fascist model. This is the first step toward a fascist dictatorship. The illegal placements of Czars over a year ago were a precursor to the elitists’ latest move. This Super Committee will deal with debt extension, but we believe it will spread into all areas of legislation. That means probably after the next presidential election much legislation will attempt passage including gun control it will be like all the animals have escaped from the zoo.

The extension of the short-term debt limit will only accomplish more debt and few cuts. This palliative will only last until after the next election and then there will be another confrontation. In the meantime the dollar will fall further and gold and silver will increase in value.

The challenge and victory of gold over the US dollar is now compete and gold’s strength will be accompanied by this new super structure We have not had this power since 1971. Yes, inflation and eventually hyperinflation will add to gold’s attraction, but now gold is again being recognized as the only real money, the only real store of value. There are very few recognized central bank sales and much central bank buying, which we believe will expand. Every time the gold suppression cartel attacks gold it comes right back up. Buyers, take full advantage of every small correction. As we predicted long ago, that there would be $40 to $50 swings in prices, they are now with us. As we close in on $3,000 an ounce the swings will widen to more than $100 daily. As we head higher the swings will again widen. In the US the train is leaving the station and it’s 90% empty – what a tragedy that so few are participating. Silver will make major moves in both directions as volatile as ever. If in this small recent correction JPM and HSBC do not cover, their losses could easily be well over $100 billion, plus an explosive upside. During the next part of the move upward we could see the demise of the ETF’S GLD and SLV as both are discovered to be frauds and escape hatches for Comex. No, there will not be any positive major media coverage, but that is ok. In time truth and reality will prevail, not the evil desires of the Illuminists. Just do not pay any attention; you already have the real story of where we are headed. Your wealth will be saved, but you will have to suffer the anguish as you watch your funds and family, who would not listen, be destroyed.

What we just witnessed in Washington was a cover and a pretext. Yes, elitist sights were set on the beginnings of the destruction of Social Security and Medicare, but even more important they wanted to destroy America’s constitutional form of government. That coup has been accomplished. Those in Congress in both Houses knew exactly what they voted for and were a party too. These are the great majority in Congress who have been purchased by the Illuminists. The Super-Congress will render the remainder of Congress absolute. The planning was done at the Royal Institute, the Council on Foreign Relations and at the Trilateral Commission. Obama carried it out with the cooperation of Congress. The idea was to blame the Republicans and the Tea Party faction and that is what is taking place presently and will continue in the future. If you recall it was the President who first recommended cuts in Social Security and Medicare via his two commissions. There is no question that the President and many in Congress have to be removed. If they are not replaced and Ron Paul is not elected president, America is doomed.

The first act by the new illegal “Super Congress” will be to cut $1.5 trillion, a good part of which will come from Social Security and Medicare. That has to happen by Thanksgiving. Then $1trillion has to be cut over ten years. If little or no action is taken on the former $1.2 trillion in cuts will be automatic. We can assure you the cuts will be made.

The Congress has become the rebirth of the German Reichstag giving the President unlimited powers to be dictator. We have just seen the force repeated. The next subtle attack will be the neutralization of Congress. You will not see the banning of political parties as you did in Germany in 1934. Nothing as yet as blatant as that. If you remember we had said for a long time that the 1930s and 40s in Germany and Italy were a trial run for what we are experiencing today. What is happening and will continue to happen in America is in your face, but the major, mainstream media is not going to tell you that.

There are those who believe that England is behind these moves and they are correct. This is yet another attempt to recapture and control the US by the “Black Nobility” of Europe and England. The efforts are to be assisted by rating agencies, totally controlled by Wall Street, banking and the City of London. Future subjugation is the goal via a fascist new world order. The prelude to that is the destruction of America financially and economically in order to render the populace dependent on government and to force them to submit to the tyranny of the New World Order. All visages of freedom will be gone and the country and the world enslaved. Over the past few years in the ongoing credit crisis the public has been forced to assume the losses of the financial sector in the US, UK and Europe. The newest events by the controlled rating agencies are to finally discredit the credit structure of the US government. The connection between the Treasury and Fed and those rating agencies is very strong as pointed out in a House committee just two weeks ago. Now that S&P has deemed US credit no longer AAA, but AA+ next week comes the changes by Moody’s and Fitch and the approach to increase taxation and impose austerity along the lines that the IMF has used since 1946. You might call it strangling the US financial and economic structure. We note this austerity is taking place during a period of 22.6% unemployment - the highest since 1933. We believe unemployment will work its way much higher over the next few years as America is brought to its knees. The legal avenue of changing the system has been cut off and denied to the American public, thus it can only be a matter of time before America has revolution.

Then there is the issue of Ron Paul (R-TX) has alluded to and that is the $20 trillion in supposed unpayable debt owed by the Federal Reserve. All the president has to do is strike the bonds worthless and so they will be. That will eliminate part of the problem.

A reinstitution of the Glass-Steagall Act is needed as well. We fought hard against it in the late 1990s, but Wall Street and the bankers arranged its demise. For those who do not know two bills to this end exist in the House, HR2451 and 1489. They presently have 35 co-sponsors. A new bill would end the incestuous relationship between banking and brokerage that had to be ended in the early 1930s.

We believe the gains made in the House regarding Glass-Steagall could well have forced the “Black Nobility,” the ruling royal houses of Europe, to expedite the destruction of the US constitution via the Obama Enabling Law forming a “Super-Congress.” Such a committee is designed to implement austerity and more quickly force Americans into poverty, which will eventually cause chaos.

The GAO audit of the Fed has revealed the Fed issue $16.1 trillion to US and foreign banks and those funds were dispersed via private contractors such as Morgan Stanley, Wells Fargo and JPMorgan Chase. They were paid $660 million in fees for such services. These are owners of the Fed, thus the cozy super-profitable arrangement. The report stated none of the loan recipients has ever repaid the loans.

In the midst of these criminal actions was William Dudley, formerly of Goldman Sachs and presently the Chairman of the N.Y. Fed, who was given waivers to retain AIG and GE stock, while he authorized billions of dollars in fraudulent emergency loans to elitist firms.

Over in Europe, Greece really doesn’t know whether they have a second bail out deal or not as fighting reigns behind the scenes. During the first 6 months of the year Deutsche Bank sold 8 billion euros of Italian State bonds. Needless to say, Italy is outraged and now believes the European Stability Mechanism cannot be trusted and is now unworkable. We wonder if the German government wants to use the funds to buy German bonds if they come under pressure? It looks like there is no trust left.

The German electorates to say the least are beside themselves. They want no more bailouts and they want to write off all bad debts; leave the euro and perhaps the EU. They are tired of seeing their government turn control of financial policy to those who caused the problems in the first place. Like in the US, England and other countries the conflicts of interest are legion and the greed for money and power is unfathomable. There is also the part played by Deutsche Bank in their securitization of mortgages sold to German and other European entities as AAA, which were in fact BBB or less. One of the most corrupt entities in Europe, or the world, is Deutsche Bank. Do you remember Herr Herrhousen who was assassinated for trying to do the best for Germany? Obviously that can’t be tolerated. He was the President of Deutsche Bank for all the good it did him. These criminals also sold interest-rate swaps to a company that had negative value, because the bank could only profit if their client lost money. It shows you how mercenary and thieving this bank is, like all the major banks.

The evidence is available, but neither European regulators nor the policing agencies want to know about it. European banks, such as British banks are stealing everything in sight. It is their nature as predators just as it is for scorpions. This forced redistribution of wealth knows no end, because the elitist own most of the politicians and the judiciary.

Two-thirds of the House and 74% of the Senate passed the debt extension. The bill cuts forward estimates or increases in new budget debt. Spending is based on growing revenues in the midst of an inflationary depression. That on its own is totally ridiculous, with growing unemployment and reduced revenues. We ask you how can the economy have GDP growth of 4%, when with QE2 and stimulus 2 it can only manage 1.8%? The majority of spending cuts do not take place until 2016, which is an insult to anyone with half a brain. The first group to get hit this year is healthcare providers. This should escalate into doctors and nurses leaving the profession for other professional pursuits. Many will as well leave the country. Spending cuts for 2012 will only be $21 billion – what slime. The bill is a fiscal nightmare. This is a result of what is wrong with a bought and paid for Senate and House. You get nothing from your elected representatives, who only respond to the moneybag elitists who are paying them off. The political theatre you have just witnessed was a cover not only for a fiscal nightmare, but the beginning of the final collapse of debt and the US government. It just shows us that the political and economic theory that says economies can exist on debt indefinitely is totally wrong. Every great country has collapsed in the same manner and every economist is well aware of that. This is the type of government that wants to cut Medicare, in preference to new and better wars for the wealthy, military and industrial complex, when 43% of the Medicare recipients say they haven’t’ used government programs. You have to ask yourself who is using government programs, illegal aliens and those who simply refuse to work? Ladies and gentlemen socialism Marxism and fascism simply do not work. The government knows that, but continues onward burying our society in debt to enrich themselves and their masters.

Due to being paid off by campaign contributions lobbyists and along with severe ignorance politicians have no concept of fiscal or monetary policy. They just vote as they are told. Legislators believe there is no end of what government is capable of spending. Ron Paul calls this living in a fool’s paradise.

The funds in Social Security and Medicare have all been spent – stolen and they are not an entitlement – the public paid for both and they demand them, and they should. A solution is cutting back military spending by 50% and shift those funds to where they belong, not where the military industrial complex wants them.
Both political parties live in another world of ignorance. The revenue doesn’t exist, yet they still authorize spending. Almost half of Americans pay no income tax, but Congress has no interest in changing that. This means at some point government is unsustainable. The political theater you have witnessed over the past several weeks was ridiculous and stupid, but there was a reason for it. The elitists wanted SS and Medicare cut and they wanted the Obama Enabling Act in place to form a dictatorial government in behalf of the Illuminists. This is what the play was all about and those of you who do not believe these elitists are running everything from behind the scenes just don’t get it. Economic and financial collapse is on the way and now nothing can be done to stop it. Your government has lied to you about almost everything for the last 100 years and denial is not going to change that. Every society worldwide has done the same thing. Everything from official statistics to wars for profit. You are expected to die in if necessary. Government is terrified that the public will find out what they have done to them and strike. That moment will soon be here and that is why we do what we do on radio and in print. We want the people to know who is doing what to them and why so they can bring an end to it. We want the people to understand the truth. The truth is on August 2nd - debt of the US government surged $232.3 billion to $14.532 billion and another $500 billion is on the way. That is to be offset by cuts of $917 billion over ten years. They and we know that will never happen, which makes this all another fraud, because future congresses are not bound by the acts of preceding Congresses. What a way to run a country.

The Collapse of Nations All By The Hand Of Corrupt Bankers

theinternationalforecaster.com

An excerpt from Bob Chapman's weekly publication.

June 18 2011: Pensions borrowed (plundered) from heavily, nobody wants QE3, debt used to wage war, Fed Chair Bernanke acts like an elitist, a short term debt limit to deal with, a Greek default could bring the Euro down, a disease of debt, IMF pessimistic.

As far as we can discern the US Treasury thus far has spent and borrowed about $100 billion from the federal pension accounts. Unless there is a vote on the cash debt extension prior to August 2nd, government will probably have borrowed some $250 billion to $300 billion. The Treasury is paying virtually no interest on this debt. Three-month Treasury bills are currently yielding zero percent. Our question is how will the funds be generated to fulfill the Treasury’s obligation to the pension fund? What happens if on August 2nd if legislation is not passed? Does this go on forever? We will keep you apprised on new developments.

The current situation regarding the state of recovery in the US has turned from precarious to dismal and as we predicted a year ago May we will have to be treated to QE3 something no one really wants, but as we said before it is inevitable. The Fed and their controllers, the member bank owners of the Fed, know the present approach doesn’t work and it is only a matter of time, as a result of their policies, when more stimulus will be needed, which in turn leads to more inflation.

Due to the current state of affairs Fed Chairman Bernanke has been making one appearance on TV after another. He gets grilled over and over again and he doesn’t like the public reception at all. He shouldn’t, as more and more observers see that two quantitative easings haven’t worked. They cost at least $3.6 trillion in funds created out of thin air, and all they have done is prolong the agony. The flip side is the policy has caused higher inflation. What else can one expect when deficits astound and the Fed has to buy $1.6 trillion in Treasury bonds. A large percentage of this debt is used to wage perpetual war for perpetual peace. During this process the President has bypassed the Constitution and is deliberately repressing the freedoms of American citizens. There no longer is a separation of powers, but virtual dictatorship bought and paid for by Wall Street and banking.

It should be firmly implanted in your mind that your masters in government and those controlling government brazenly and arrogantly believe that they know better what is good for you, than you do. That is why when they speak to you their answers are dripping with condescension - as if to say, how dare you question what we tell you. Fed Chairman, Mr. Bernanke, is a perfect example of this. He, others and his predecessors have created a false economy based upon perpetual debt and upon money and credit being created out of thin air. Today that is accompanied with zero interest rates, a combination that in time can only bring a falling dollar, inflation and a collapsing economy. Mr. Bernanke appears to believe that an increased supply of money has little or no effect on the comparison between money and the prices of goods. He has to be living in a fairy tale land. Thinking such as this can only end up making a bad economic situation worse.

For more than a month the US has been faced with the task of extending the short-term debt limit. The game that is being played is that one side wants to cut the deficit and the other side does not. In reality both sides do not want to cut anything, or should we say the elitists who control these supposed representatives of the people do not want anything cut. They want the game to continue, so they can continue to loot the economy, an interesting take on this sideshow is if Treasury debt is not increased the situation grinds to a standstill.

Congress, the President and the so-called negotiators want an increase in this short-term debt of $2.4 trillion. That would be a short-term debt limit of $16.7 trillion to carry the debt limit past the next election. The offset of reduced spending is to come over the next ten years. How ridiculous and ludicrous. Do they really expect us to buy this charade?

The most recent strategy by the elitists is to keep Japan’s problems under wraps. Just do not let it into the media, even though some Japanese officials say the island could become uninhabitable. This is also why President Obama went to see Chancellor Merkel in Berlin. He urged her to make a deal to settle the Greek problem. He doesn’t understand that such a deal would make her and her party, the CDU, unelectable for a long time. The German citizens want Greece cut loose. They’ll take the losses and the result is many banks will go under. The President is as well trying to bolster his approval ratings.

The propaganda is flowing to keep Americans from panicking in the face of not recovering, no short-term debt extension, municipal and state failures and Europe starting to collapse. The elitists are in serious trouble due to these problems. The icing on the cake for them is the disaster that the Bilderberg meeting turned into in Switzerland.

US consumer confidence is lower now than it was at the beginning of the credit crisis. That isn’t unexpected when unemployment is rising, retail is falling and the manufacturing numbers out of Chicago and New York are falling steeply.

What professionals for the most part do not seem to understand is that the events of 2006/07 have never been solved. On February 2009 the inflationary depression began. There has now been a double dip since then. What we have witnessed is slight revivals caused by the injection of money and credit. Unemployment is close to the same level it was 2-1/2 to 3 years ago. That phenomenon has been the same in the UK and Europe. In the UK the Bank of England and in Europe the ECB are doing the same thing the Fed is doing and that is buying government debt by creating money and credit out of thin air. The City of London, Wall Street and Frankfurt would have you believe these injections into the systems were working, when in fact all they have done is temporarily bail out Wall Street and the City of London and the European financial centers as well as the governments involved. Nothing has been done to structurally assist the system and put people back to work. What readers have to understand is that what has been done to these economies does not work and the participants know it doesn’t work. Professionals, who are not connected with the elitists, have panicked, because they do not understand what is going on - what is being done to them. The market was ripe to fall, but there is another important factor, Wall Street wants a short-term debt extension with little or no spending cutbacks. The new conservatives say no, we are not going to do that. The market will be taken lower until these representatives see the light. How far are they willing to take the market down, probably to between 8,500 to 10,000 on the Dow, or until Congress gives them what they want. In the meantime they will attack commodities, gold and silver, so no one can profit. Unfortunately for them, that isn’t working this time. They are lower, but come back every time they are artificially pushed down. We believe that is what this market correction is all about. Wall Street will take the market down as far as they have to in order to get what they want. In the meantime the Middle East and Europe are in turmoil and wars abound in a number of Middle Eastern countries. Those on the inside understand that the market is fueled by major deficit spending and the injection of money and credit, as government inflates debt away. The economy and the market for the last two years have not justified stock prices at the level they have maintained during that period. The same is true for the UK and Europe.

Most of the professionals do not understand what is really going on and what is being done to them and their clients. Data is weak and getting weaker as economic statistics continue to fall and point to more problems ahead. This is ample justification for a falling market to aid the deliberate reduction in prices. We must remember that the only bastion of gains for the public left is the market. If it comes down Congress will hear from constituents loud and clear. That is what is supposed to force the issue on passing the short-term debt extension.

As a reaction to this free spending foreign governments have slowed or stopped their purchase of Treasury and Agency bonds leaving the job to the Fed. This problem is going to worsen as we go forward. Now it is not only foreign governments that are slowing purchases, but also American households as well. They are selling more than $1 trillion annually and sales are increasing, as mom, pop and hedge funds dump government paper.

As QE2 nears an end investors are getting emotional. It is called panic. They can expect little from the FOMC next week, Europe can expect the same from the EU meeting the following week. Greece is in a state of revolution and there is no agreement in sight. In fact, the banks, governments, the EU and the IMF cannot agree on anything. The Greeks want a break in terms. If they do not get one it is default.

We predicted Greece would pursue these ends and we told them to do so several times on radio, TV and in the press. A Greek default will not only bring the euro down, it will take down the European banking system and that was our intention from the beginning.

Greece and the other countries in financial and economic trouble should have never been included in the euro zone. They simply were not qualified and the solvent countries not only knew that, but also stood by as these countries cooked the books with the help of JPMorgan, Goldman Sachs and Citigroup. We wrote about it 11 years ago, but no one was listening.

The Greeks after a year of austerity have had enough of it, and are in no mood to give away their country to the bankers. An interest in the telecom company was recently sold to the Germans for $0.30 on the dollar. The Greeks are not going to stand still for anymore such sweetheart deals. When Greece entered the euro zone on January 1, 2001, they were happy to have an austerity program for entry in as much as they had the highest inflation rate in Europe. Their deficits were higher than any other EU country at that time, but the bank and sovereign loans kept coming, because it was political. The EU and the euro zone were to be the template for the new world currency and the new world government. That is why Greece and others were rushed into the euro zone. Then there was the novel and stupid concept of one interest for all, which we said at the time guaranteed disaster, and that is what we have ten years later.

We have recommended the purchase of gold and silver coins, bullion and shares since June 2000, after we got subscribers and others out of the stock market in the second week of April 2000, two weeks after the top. We did the same thing at Dow 14,000 and predicted a bottom at 6,600. The fall was to 6,550. We got subscribers out of the real estate market starting in June of 2005. As you can see we have been on top of things all those years. The call on the destruction of the euro we hope will be our best call yet. The perceived risk from our point of view is that Greece will default and leave the euro to be followed by Ireland and Portugal and later Belgium, Spain and Italy. It will probably take two to three years for this to become reality. Germans do not want the euro and never have wanted it. We believe within three years every country will be back with their own currencies and the dream of one world government for now in Europe will be a dead issue.

The Greek fallout will take down a number of too big to fail European banks, and could cause serious harm to lender countries. These mistakes will not be anything they will do again, anytime soon. We do not believe the Fed will be able to bail out European banks this time. The American public won’t stand for it after having to go to federal appellate court and traverse two years to find out the Fed lied and overstepped its charter by being banker to the world. The problems in the US are similar to those of Europe and it is only a matter of time before the US financially blows up. If Greek yields can go to 17-1/2%, so can yields in all countries in trouble, and there are plenty of them. The taxpayers in the US, UK and Europe are fed up with paying the bill for all of this speculation and mad political escapades. That will soon come to an end. It has too, as bankruptcy seems to be the only option. Three-month Treasury bills yield zero percent, and 2-year bills yield 0.40%, as the 10’s yield 2.91%. There now is only one way for yields to go and that is up. There is a limit to credit creation, but we are not at the juncture as yet. It is probably two years off, perhaps three years.

One of the aspects of the debt disease we haven’t really discussed is the fallout from Greece if and when it goes under. Thirty-three European banks hold large amounts of bonds in the PIIG countries, and they could all go under if the 5 or 6 weak countries go bankrupt. In addition, there are the countries and others who are loaded with these bonds. Like the Fed the ECB has been bailing out banks and it is against the rules, so that could put the officers in legal jeopardy. The very fact that these bankers broke the rules is onerous. The big question is are they headed for jail? If they have made mistakes the taxpayer has to pay the bills. We believe they should be in jail. The bill for exposure to the debt of the 5 financially weak nations could be $625 billion. The ECB has done the same thing the Fed has done and that is bankroll insolvent banks by buying the toxic waste they own and putting it on their balance sheets, which the public get to pay for. It is the socialization of corporate debt, fascist style. Most of the garbage has no value or little value. We always wonder what prices the Fed and the ECB pay for the soiled merchandise. Both refuse to tell us.

It is said the ECB is using 24 to 1 leverage with only $116 billion in capital and reserves. If assets fall 4.25% its entire capital base would be wiped out. That could easily happen if Greece and the other four PIIGS default. We call that ominous because none of the problem countries want to repay the debt to a gaggle of bankers who are nothing but criminals. Our take is the 5 will eventually default and perhaps Belgium as well. That means the ECB is insolvent and the major banks throughout the euro zone are as well, including many central banks. Professionals do not have a clue about how serious this is to the entire world financial system. Perhaps we are wrong. The ECB only has $268 billion in Greek bonds. That is simply a trifle for such big socialist hitters. Yet, it is double their capital base.

A Greek default would put 94% of the direct losses on European creditors and 5% would be shared by US creditors. The other side of the equation is US companies making some 90% of all losses being owed by US writers of default insurance. These US banks have sold $120 billion of credit default swaps to European banks. These are the banks that are too big to fail, which American taxpayers will have to pick up the losses for. Have those US banks hedged their exposure? We do not know, but we do know what they have done is irrational and incompetent. That is unless the US or the Fed had to for some reason guarantee losses. Something similar to what we suspected in the US banks’ sale of toxic waste to these same European banks. If the Fed, the Treasury and the Exchange Stabilization Fund are audited we will find out. These numbers are staggering, but their exposure to $100 billion in Irish debt is equally as onerous.

Such speculation and secret deals have to come to an end if we are going to survive financially. We definitely need to re-pass the Glass-Steagall Act that we fought hard to protect 13 years ago.

We can promise you that if Greece defaults eventually the ECB will be insolvent. We have dreamed of that day for 12 years. The destruction of the ECB and the euro zone, which would in part destroy the Illuminist drive into world government.

We think in order to avoid such a catastrophe the ECB would simply print more money as the Fed has, prolonging the agony. The real bailout mechanism would be France and Germany to put up their gold to save the euro zone and the euro. That is if the US allows Germany to have their gold. We can promise you that if the politicians of these two countries attempted to use their countries gold as collateral or propose its sale they would be lynched.

Like the Fed, the ECB has no credibility left. It is obvious that these two central banks only mission is to save the financial system that owns them. When are people going to smarten up? The ECB and the bankers thought Greece and the Greek people would be a pushover. The bankers thought they would just move in and loot the country. Once the Greeks were educated on the issues they made the proper choices. That is why we spent so much time on radio, TV and in the press there. Now they know the truth and the bankers, the euro and the EU are screwed. The ECB, as a result, is dead meat whether they realize it or not.

World debt is unpayable, especially that of the US, UK and the euro zone. The only solution is collapse. There can be no saving the system. It is only a matter of time and what the catalyst is. It could be Greece.

Full article HERE

Warnings Of A Great Depression or Hyperinflation

A run is starting on your retirement, hardship compounding the problems of retirees, we may be going into hyperinflation or deflationary depression, currencies down significantly over gold, problems similar to the 1930s, Ponzi finance must end.

Bob Chapman
The International Forecaster

Unemployment at 22.4% is causing a run on assets of retirement funds. That is probably why legislation is being introduced to limit how much money can be removed from these investment vehicles. About 11% of participants have taken out loans over the past year, up from 9% y-o-y. In overall total 22% have loans out and the numbers are accelerating. Almost all the loans will never be paid back. Hardship is forcing people to withdraw, as well as those who believe that government will try to commander 401K’s and IRA’s to fund a bankrupt government, that wants to replace those vehicles with bogus government guaranteed annuities.

If the extension of the short-term debt is not legislated by August 2nd, we may see legislation regarding a takeover of some retirement plans.

As this possible misuse of Americans hangs in the balance, inflation plods, relentlessly onward and at the current rate of acceleration we could see hyperinflation two to three years down the road. We projected 14% inflation before the end of 2011 just over a year ago, and we have six months to go to make it to that level.

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The Financial Powers That Be Are In A Trap of Their Own Making

SGT Report

May 13, 2011

By Bob Chapman

In legislation just proposed, and I don’t know by whom, nor do I have a number yet, the Dept of Labor has proposed a re-definition of who is a fiduciary, not under the Securities laws, but under ERISA, the law that governs tax advantaged retirement accounts, such as 401K and IRAs and it probably will include all retirement assets, we don’t have a definite direction yet of what they intend to do but it is my guess they want to limit those investments only to US government debt. They may include some blue chips or funds, I don’t know. They may allow other high-graded fixed income products. These DOL-ERISA rules override all SEC rules. We don’t know the final form of the legislation, nor do we know whether it will be passed, but my guess it will be. The government desperately needs to get those retirement funds invested in government debt. I would seriously think about terminating 401ks and IRAs by transferring the assets – without commission – into a personal account it then becomes a taxable event. I also believe there is a good chance that taxes will be higher next year. There is also an outside chance that retirement assets could be frozen – such events would be negative on the general market because government would be directing brokerage houses to sell retirement assets. This is all in the planning stage, but it is very real.

Your government attacks markets when they are most vulnerable and when it is politically expedient to do so. As we look back over 50 years we never would have believed things that go on today could ever have happened. The blatant presence of crime overwhelms you everywhere you look, particularly in the financial world. We are reminded of these conditions again as we reflect on what has happened in the commodity, gold and silver markets over the past two weeks. We saw an unprecedented five margin increases over nine days in the silver market, which took margin from $4,500 to $21,600. That in and of itself was disturbing, but what we saw from scores of commodity houses was even worse. Simultaneously many of them recommended the sale of commodities and they all raised margin limits to $40,000 to $42,000. The excuse was there was too much volatility. The same volatility had been present in commodities for months yet few increases were implement. Could there have been another reason? Could the naked short position of JPMorgan Chase and HSBC in silver have something to do with the double rise in margins? We also ask how did all the commodity brokerages suddenly decide simultaneously to double CME margin requirements effectively blowing out most commodity positions of small and medium sized investors? Did the Treasury Department or the Fed have anything to do with that? Of course they did. The naked short position of JPM and HSBC had to be protected because their loses were in the billions of dollars.

These past two weeks are a perfect example of market manipulation instituted to protect those too big to fail. These are two of the largest banks in the world and they just happen to be Fed shareholders. Morgan happens to be the Fed’s largest shareholder, so what else could we expect. From our viewpoint there is nothing less than a crime syndicate connecting banking, Wall Street, the Fed and the Treasury Department and Washington. The Fed has a balance sheet of almost $3 trillion, which is used to bail out Wall Street, banking and the government.

It has been our opinion for years that a sub-rosa relationship exists between the Fed, Treasury and hedge funds. One such relationship concerns naked shorting, which is rife throughout the financial markets and the SEC refuses to do anything about it. Another is the parking of Treasuries by the Fed in tax havens, such as the Cayman Islands.

Yes a crime syndicate runs our financial system. It has been functioning for years, but today it is arrogantly in your face. When from time to time these crooks are discovered and found responsible for financial crimes none from this elitist click ever go to jail. There are the fines to be paid by the corporation, which the shareholders get to pay for. The culprits are free to do the same thing over again. The SEC is nothing more than an appendage of major Wall Street firms, and the CFTC, Commodities Futures, Trading Corporation is worse. Just look at its most recent handiwork. The CFTC knew exactly what the CME and the commodity houses were up too in their quest to save JPM and the HSBC from $80 billion in losses. Even Bart Chilton, a member of the CFTC, says the actions in regard to silver over the past two weeks should be investigated. What we saw was blatant market manipulation. We wonder who again told the CFTC and the SEC to look the other way? Who instigated the attack on silver and gold and on the shares? Is there no justice left in America? Are we to continually be robbed by these crooks without any hope of lawful recourse? It looks like that is going to be our fate. That is unless in 2 or 3 sentences you demand that every representative and senator stop this thievery. E-mail the CFTC, SEC, NYSE, ASE and Nasdaq and let them know you know what is going on and you want it stopped, now. If you are not successful you will continue to be robbed by these crooks. Even if you are unsuccessful these criminals will know you know exactly what they are doing.

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THEY WANT 80% OF US DEAD : Bob Chapman

Uploaded by SGTbull07 on Apr 16, 2011

THE PEOPLE IN POWER ARE CERTIFIABLY INSANE : Bob Chapman

DOLLAR DOOMED: Bob Chapman

SGTbull07 on Mar 26, 2011

Never Forget The Fed Caused The Economic Downturn

by Bob Chapman The International Forecaster

Chairman of the Federal Reserve, Ben Bernanke, would have us believe that if it were not for QE1 unemployment would have been considerably higher. Since QE2 began in June, U6 has only improved by ¼%. Perhaps better numbers are on the way, but that has not been an auspicious start. If we remember correctly almost all the funds in QE1 and now in QE2 have been lent to financial firms in the US and Europe, transnational conglomerates and governments and central banks. Most of those funds have been held on balance sheets to fain solvency. Very little has reached the public or to reduce unemployment. All we have to show for 2½ years is a financial sector hanging on by a thread and more massive debt in the trillions.

What should be permanently stamped in your minds is that the financial carnage we have experienced is the fault of the Fed and the financial sector and that same Fed bailed out the crooks and left the public high and dry with 22-3/8% unemployment and a shattered residential and commercial real estate sector that is still two years from the bottom and perhaps 30 years away from appreciation.

It is despicable for Mr. Bernanke to have insinuated he helped avert higher unemployed when it was the policy of the owners of the Fed and Wall Street and banking, which was the cause of the worst depression since the "Great Depression" of the 1930s. It should be noted that the end of the damage is nowhere in sight. Throwing trillions of dollars at a problem doesn't solve it, and in this case will only make it get worse. In addition, trillions of dollars in wealth were destroyed and as a reward for their greed the Fed, which allowed the public to pay for the Ponzi scheme, protected the financial sector.

As far as we know the Fed has already purchased with taxpayer funds about $1.5 trillion in MBS, known as toxic waste, which was created by the financial sector. The question is how much more has been purchased by the Fed and are they going to purchase more to bail out financial institutions and others? One of the things that is never mentioned is restitution for all the money these crooks stole. In a civil action concerning $5 billion in bogus MBS and other derivative products, Goldman Sachs, neither admitted or denied, and was found guilty of civil fraud, and paid a fine of $500 million. They got to keep the other $4.5 billion - another sweetheart deal to permanently protect them of criminal charges. Michael Milkin stole $3 billion, gave $1 billion back and kept $2 billion after doing 1½ years in a prison country club. Then there was Warren Buffet's, Berkshire Hathaway, which defrauded the government of $300 million. His firm paid a $100 million fine and kept the rest. Milkin was the exception, no one else since has been incarcerated. As you can see, it pays to be an elitist crook in America.

Now banking and Wall Street gets interest-free money, but the public does not. What is wrong with the public? Don't they realize what is going on? What has happened to our representatives and senators and our courts? We'll tell you what has happened; the NYC-Washington crime syndicate is paying almost all of them off. Americans have lost control of their government and if the slight improvements in the past elections are indicators, the situation is going to get worse.

As a result the Fed is monetizing debt in order to bail out government, banking and Wall Street, and to offset the persistent undertow of deflationary depression. All we can say is what is wrong with the American people? Can't they see what is going on? If they do not wake up soon we could have a revolution on our hands.

America is facing almost zero interest rates. If those rates are raised the bottom will fall out of the economy and the financial structure will collapse. Any talk about higher rates is just that - talk. The only way out now is for the elitists to have another war as they did in 1941. How much longer can corporations keep two sets of books? What you have seen just didn't happen, it was planned that way to force Americans and Europeans to accept world government.

Due to the current power of the Fed and other interconnected central banks, all other factors take a back seat to credit creation and their creation of money supply. Under mercantilist Keynesianism, which we prefer to call an economic plan for corporatist fascism, the greater the distortions the deeper the depression. This is the method of perpetual political and social control, which in one way or another has been successful over the centuries. These are the same people who have deliberately created economic cycles, which are extremely profitable, and when things are not going as planned they simply have another war. None of what you have seen has happened by chance, it has been planned that way.

As George Wallace said, "there isn't a dime's worth of difference in either party." He was right. What he should have said was both parties are almost totally owned by Wall Street, banking, insurance, big Pharma and transnational conglomerates. The criminal deals that have and continue to exist in Washington are far worse than anything the Mafia ever did. Our government is operated just like any criminal syndicate.

What is becoming evident to us is that all is not going well for the Titans of Wall Street. Investors have been fleeing the stock and bond markets in hordes, although their owned rubber stamp is still in place. In fact, some of the higher placed elitist players are questioning whether they can again pull off a deflationary depression and war and still survive? As you can see they still have more than 50% of the electorate buffaloed, but as any student of history knows revolutions are led by 5% to 15% of the citizens. The rest are split along the sidelines.

Oddly enough what has suited both Democrats and Republicans has been a big loser for Americans, because the elitists almost in total control both parties. As a result, major Wall Street firms, which have for years owned the SEC and the CFTC now have virtually no regulatory oversight. Essentially Wall Street has a license to steal and they take full advantage of it.

The big question is can Ron Paul disarm or perhaps even eliminate the privately owned Fed? The answer to that question we should have over the next two years. Will it take a constitutional amendment or a monetary collapse? Again we will have to wait and see. It should be noted that after China and Japan the Fed now holds third place among those holding Treasury and Agency bonds. More than 60% of Americans want to dump the Fed and Wall Street, which owns the Fed, owns Congress, thus it will have to change by other means.

The greed of transnational conglomerates just never ends. Readers you are soon going to witness another great scam pulled off by America's elitist corporations to further enrich themselves at your expense. In a secret meeting on December 15th, business executives met in the White House requesting that the President declare a tax holiday, so that they could repatriate as much as $1.9 trillion from offshore subsidiaries in tax havens such as the Cayman Islands. Instead of going through Congress as they had to do six years ago, these crooks want an executive order. We were wondering how long it would take them to be back at the trough.

To make it simpler, participants recommended a reprise of a 2004 tax holiday that allowed these multinational conglomerates to return profits to the US at a tax rate of 5-1/4%, not the regular 35%. That piece of largess allowed these crooks to move $362 billion virtually tax free back into the US by declaring they will use the funds to create jobs for Americans. Needless to say, very few jobs were created. That money laundering operation and this new proposed operation would move part of $1.9 trillion into the US stock market, as was done before, to buy the shares of these US blue chips, which in turn buoys the stock market. The shares would rise in value as they did six years ago, and the executives would cash in their stock options making themselves billions of dollars. This is what this was all about last time and it is what it is all about this time. If under normal circumstances these companies paid the 35% tax they would owe the American people $665 billion. At a 5-1/4% tax rate that figure would be just under $100 billion. Is it any wonder that our government is broke?

In addition to this new caper in banditry these multinationals are already finding legal ways to avoid taxes. We won't go into the details here but believe us their actions of the last five years have cost taxpayers billions of dollars. These US companies are very sophisticated and are routinely repatriating hundreds of billions of dollars in foreign earnings.

This is one of the main reasons tariff walls were torn down and why today we have free trade, globalization, offshoring and outsourcing. This not only enabled these crooks to pile up profits in tax havens, but it has hastened the demise of the American economy, so that Americans will be forced to accept world government, something these fascist monopolists want to take place in order to impose a new world order. This is really what this is all about. This is much more than meets the eye if you know what to look for.

Needless to say, there is a very simple solution to this financial treachery. All we have to do is re-impose tariffs of 25% to 40% and then there would be no reason to hold earnings offshore. This exercise over the past ten years has cost America 42,000 lost businesses, which were shipped overseas as well as 8.5 million high paying jobs. You ask yourself how could this happen? The answer is your House and Senate are bought and paid for and whatever these elitists want they get. If tariffs are not soon implemented there will be no way back for the US and European economies.

The answer by these transnational conglomerates is America is uncompetitive due to its tax structure. They convinced Congress of this some time ago and that is why they are allowed to keep profits offshore. The problem is when they bring those profits back to the US it is at 5-1/4% and these profits end up in the stock market for reasons we've explained. Thus, they get enormous tax benefits but in the process they destroy the underpinnings of society. In 1967, we wrote an article in a leading journal stating that this was where the elitists were headed and the article has proven prophetic. The American Mercury is no longer actively with us but its legacy is. Such tax breaks for the mega rich holds no water. These are the same corporations that in part are already sitting on another $1.9 trillion in cash in the US. This has nothing to do with investment or job creation and everything to do with corporate greed. This infusion of offshore funds onto the active US balance sheet has a tremendous levering effect as well on earnings.

We have all the dirty details but we'll spare you homework. It is the way we say it is. Let's see if they try to end run Congress on this issue and perhaps in the interim we can find out how much the President is being paid for ramming through such a grand venture. Why do you think such meetings are secret?

If you are wondering why your country is broke, one of the reasons is the antics of these elitists, when great profits are never enough.

Full story HERE

Bob Chapman On The Intel Hub Radio

Bob Chapman of The International Forecaster was our special guest. Is the economy on the brink of collapse? How far will food prices soar in the next few years? What can the American people do to stay afloat in these tough times?

Liquidate IRAs and 401Ks or Suffer Grievous Losses

As government ramps up spending and continues its attempts to stimulate the US economy, Americans are being further burdened with an irreversible debt liability. The fact of the matter is that US government tax revenues, which are roughly $4 trillion per year, are nowhere close to providing the amount of money that government needs for current and future expenditures.

This means that at some point in the future, when government comes under pressure from debt buyers to raise interest rates in order to offset the risk of a depreciating dollar and potential for default, the interest payments on our debt will rise significantly. Some estimates suggest that 60% of our outgoing payments will eventually be interest - a number so large that it will literally destroy the US economic system as we know it. At some point, our international line of credit (provided by China, Russia, Japan, et. al.) will be cut off.

In a last ditch effort to prevent complete financial, economic, political and social collapse, the government, like those in Argentina and Hungary, will move to seize private assets of Americans. Those assets are primarily held in IRA and 401k retirement accounts and they will become the targets of government intervention.

If you’re not sure what to do to prevent your wealth from being wiped out, we recommend Elitists Leading On An Odyssey Of Economic Ruin by International Forecaster Bob Chapman for some insights:

Considering what the Federal Reserve and the US Treasury have done over many years we believe we can expect a continuation of fiscal spending and more money and credit to be injected into the economy. That will lead to higher inflation, which could lead eventually to hyperinflation. In preparation in businesses or professionally, or individually, your cost of doing business or living should be reduced and those savings should be used to purchase gold and silver bullion coins and shares. This is the only way you can protect your investable assets. Business and job opportunities have already fallen off a cliff and we believe that situation will get much worse.

Many of you have IRAs and 401Ks, which we have said your government would like to get their hands on. They are not going to stop pursuing these savings, so you have to act before they do. The government desperately needs that $6 trillion. These funds are at risk, even if all you have in these vehicles are only gold and silver coins or shares. If legislation is passed confiscating these assets and you are given a government guarantee on return, you end up with 100% of nothing. Based on that IRAs and 401Ks should be systematically liquidated with an eye toward tax consequences and penalties. Those who refuse to do so will suffer grievous losses.

If the dollar loses 50% of its value versus other major currencies or even more versus gold and silver you will suffer a major loss of buying power. Those are losses versus inflation. If we have hyperinflation the losses will be even worse. That means you have to get a loan against your 401k and invest those funds in gold and silver related assets. 401Ks and pensions are invested in stocks, bonds and other possible illiquid assets. If the stock and bond markets fall you could lose a big part of your savings. Get whatever you can out now while you still can.

While we generally shy away from providing investment advice, it is important to point out that having your eggs in one basket may lead to disaster, just when you need your money the most.

Many financial advisers suggest a balanced portfolio of stocks and bonds. This strategy has worked since the 1960’s, and many advisers believe it will work going forward. Just listen to any Sunday afternoon AM talk show host promoting mutual funds. They’ll set you up with a diversified portfolio of blue chip stocks, US Treasuries and corporate bonds. In the past, when one went up, the other went down - providing security for savings.

In today’s economic and fiscal environment, however, this may not be the best strategy to take. The risks facing the dollar are real - even mainstream analysts will agree on that. Now, consider what might happen if the dollar does collapse. For one, bonds will detonate - which means that your bond portfolio holdings would crash. Subsequently, as bonds and the dollar drop, stock markets may as well - simply out of panic - and they may stay depressed for years. During the 1970’s recession, stocks saw no growth over a 10 - 12 year period. In the Great Depression, it took nearly 20 years before growth resumed. If you are depending on portfolio growth during this crisis, consider that it might not happen - potentially, your account will dwindle over the next decade or two, rather than grow. Even if stocks do rise, if the US dollar collapses, along with the economy, the price rises in stocks may not keep up with inflation in core necessities like food and energy. Potentially, you could see record highs in stock prices, but they would mean nothing if the price of essentials went up 100%, 200% or 500% over the same period.

Rethinking your investment strategy, especially if your time horizon for retirement is 5 - 20 years, would be a prudent idea at this time. While you may not want to risk taking all of your eggs from your IRA or 401k basket and putting them exclusively into a precious metals basket, consider having multiple baskets that include precious metals (and other hard commodity investments). Contrarian financial professionals and forecasters like Marc Faber, Gerald Celente, David McCalvany, and Jim Rogers have recommended that 10% to 30% of your personal assets should be held in precious metals and/or hard commodities.

Otherwise you run the risk that your private account will soon be managed by the US government under that guise that pensions need to be fairly redistributed to everyone for the betterment of the United States as a whole.

Also read:

What is money when the system collapses?

Wealth Preservation, Investing, and Prepping in 2010

Author: Mac Slavo
Date: December 8th, 2010