-- Posted Wednesday, 3 September 2008 | Digg This Article | Source: GoldSeek.com
The following are some snippets from the most recent issue of the International Forecaster. For the full 20 page issue, please see subscription information below. US MARKETS
Fannie and Freddie, the Scylla and Charibdis of the real estate world, should be allowed to fail. There are no "if's," "and's" or "but's" about this issue. The morons who recommended investment in these monstrosities, whether in bonds, in preferred stock, but especially in their common stock, ought to have their empty heads examined. And as for the institutional and professional players who invested in these GSE Ponzi schemes despite insane, psychopathic levels of risk and leverage, so far as we are concerned, they can now take a big dive over the fraud precipice onto the rocks of mal-investment below. These inane, feckless investors were mostly the big players on the Street and in world markets, and they should have known better. Do you think, perhaps, that the failure of these fraudulently run monstrosities to comply with exchange rules for financial reporting for multiple years might have been a bit of a clue? Yeah, like a REALLY BIG clue! And who are these big players who so foolishly invested in the most lethal variety of all toxic waste? Mainly, the big spendthrift nitwits were the Wall Street fraudsters that helped to create and run the Ponzi scheme to begin with, and the big holders of dollar forex who acquired their stake in our country through their fraudulent currency manipulations which enabled them to decimate our manufacturing sector and to create massive US trade deficits through free trade, globalization, off-shoring, outsourcing and both legal and illegal immigration. China and Japan can be singled out as being especially culpable for artificially weakening their currencies against the dollar in order to acquire an unfair trade advantage against our competing domestic industries. Why do you think our auto and electronics industries have been under such tremendous pressure, pressure that is likely to bankrupt many of these companies and a host of others who were decimated by these unfair trade and currency machinations. This is also how big elitist transnational conglomerates broke the power of our trade unions. China and Japan own hundreds of billions of toxic GSE debts and equities, which are about to get fried. Awww! Let's all have a pity-party for them! And then there are the OPEC nations, who, together with US and UK big oil interests, have conspired to create a "peak oil" crisis, despite the fact that we have two centuries worth of untapped domestic oil and gas resources, while not a single domestic petroleum refinery has been built in over thirty years despite mega-profits that could have easily been invested in such refineries to ensure future supply. Yeah, let's blame the environmentalists, whose organizations and lobby groups were all created and funded by big oil and other Illuminist interests, while our nuclear plants were sabotaged and our inventors of efficient and clean methods of producing energy were bought out, threatened or murdered! There are patents that could transform our nation collecting dust in the vaults of Illuminist transnational conglomerates, which do not want to set us free from energy bondage like Mr. Tesla had wanted to do, because they would rather keep us in manacles and chains so they can perpetually extort criminally exorbitant profits from us. These OPEC nations hide much of their ill-gotten gains in their holdings of GSE debts and equities, which are also valued in the hundreds of billions of dollars, and which they acquire clandestinely through big UK and European banking interests, particularly those of the Rothschilds, so the US public does not become outraged at the amount of their filthy lucre which has been fraudulently extracted from them and taken out of their hides. Rounding out the list of criminals who sought to benefit from the higher rates of return, and commissions and fees, offered and generated by the stock and bond offerings of these toxic real estate entities, are the ratings agencies who conspired with our corrupt government regulators and the Wall Street fraudsters to give these lethal concoctions an AAA rating. And let's not forget the mortgage securitizers, who, assisted by the Fed, which brought interest rates down to ludicrously low levels to suck in dupes from the ranks of the poor with no down-payment loans at adjustable, unrealistic teaser rates while cheering on the new credit qualification requirements that allowed anyone who could draw breath to get a mortgage loan, not to mention the Wall Street firms who rammed these investments down the throats of their trusting and gullible clients, knowing full well that these entities were mismanaged, overrated, over-leveraged, non-compliant with exchange filing requirements for years, and doomed some day to failure just as sure as God made little green apples! Oh, and incidentally, that government guaranty for GSE debts and equities - you know, the one that the elitist scum keep reminding us about - that guaranty was implied, not express, so don't try to hang your hats on that issue!!! You knew there was no express guaranty, and you bought this toxic garbage anyway, or you rated it AAA, or you recommended it to your clients! We say, let's have the fraudsters bail out the non-professional investors, as was done with the auction rate municipal bonds, along with some of the smaller regional banks who got sucked into this Ponzi scheme, AND THE REST CAN FREAKING BURN!!! LET ALL THE CRIMINAL SCUM BURRRRRRRRN!!! Take Mr. Hanky Panky Paulson's bailout bazooka, shove it down his throat, and pull the trigger!!! But if we let them burn, then they are going to stop buying our debt and all that inflation we exported will come screaming back to haunt us! Our system will collapse! YES, AND YOUR POINT BEING? We say good, let's let the whole freaking system be purged, as it should have been almost two decades ago, and then LET'S START FROM SCRATCH -- NO PAIN, NO GAIN!!! We would rather see a third-world US run by unselfish, intelligent, ethical, service-oriented leaders like our Founding Fathers, than have an evil, world-dominating US run by the reprobates and sociopaths who fill the ranks of the corrupt, traitorous, criminal, Illuminist scum, and who are intentionally ruining our country to pave the way for world government!!! Why would we want such a thing, besides the fact that this would be the right thing to do, both in God's eyes and from every other imaginable perspective? Because the US could go from third-world to world-class once again far more quickly than you might think through use of ethical governmental and business practices conducted by unselfish, intelligent, ethical, service-oriented leaders at the helm, and supported by a gold-backed currency consistent with the terms of our Constitution which limits legal tender to gold and silver coinage. With the corrupt, Illuminist scum at the helm, all we are going to get is a debt-based, fiat currency which is used to grease a one-world, corporatist, fascist system of government complete with an Orwellian police state, a Gestapo (Homeland Security), and an amoral, secularist society that hates Christians and everything they stand for, despite the fact that our nation was clearly founded on Christian principles, as acknowledged by THE SUPREME COURT OF THE UNITED STATES in HOLY TRINITY CHURCH v. U.S., 143 U.S. 457, 12 S.Ct. 511, 36 L.Ed. 226, on February 29, 1892, where our highest court made the following statement: "These and many other matters which might be noticed, add a volume of unofficial declarations to the mass of organic utterances that this is a Christian nation." If we do not purge the system now, get rid of the Fed and the income tax, have our Treasury start printing our own, gold-backed currency like President Kennedy had meant to do in his still valid Executive Order 11110, and essentially start from scratch, then Jefferson's declaration will come true, to wit: "If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their Property until their Children will wake up homeless on the continent their Fathers conquered." According to Mr. Jefferson, "Banking establishments are more dangerous than standing armies." And now you all see, in spades, what he was talking about! If we want to return to our glorious roots, the existing system must be discarded like an old shoe and we must establish a new system as envisioned by our Founding Fathers, who were nothing short of geniuses, and whose vision and wisdom are embodied in our Constitution and our Bill of Rights, which is their Last Will and Testament to us, their future fellow-Americans. That type of Constitutional system is what we had before the Illuminist scum took over our government in 1913 with the passage of the act establishing the public-screwing Federal Reserve System, which is no more "federal" than Federal Express, which act was also accompanied by the fraudulent, and improperly ratified, Constitutional amendment establishing the US income tax. The income tax, which started out at diminutive levels to bamboozle the public, has morphed into a middle-class-destroying monstrosity, just as the elitists had planned. They use the Federal Reserve System to stealth-tax the sheople with inflation, while simultaneously draining them of their assets directly through the income tax, creating a double-whammy that keeps the sheople too busy trying to support their families to care about what is being done to them by their corrupt government and by the even more corrupt corporate America. And of course, the income tax proceeds are used to fund the Illuminist military-industrial complex, and to power their psychological, brainwashing operations also known as public schools, while also being used to infiltrate and dominate our systems of higher education such as our public and private colleges and universities. That way, good, little, compliant, brainwashed sheople are produced for future Illuminist profit-harvesting, and for slaughter in wars for profit (oh, sorry, we meant to say for democracy and freedom - please excuse us for a moment while we puke, as our attempt to be "politically correct" has made us nauseous). If we do not purge the system now, we may be tempting fate to become the only large, mature, industrialized nation to undergo out-of-control hyperinflation since Weimar Germany in the 1920s. Let's let Fannie's and Freddie's demise purge the system, and let the countries and corporations who abused and destroyed the system reap a large portion of the resulting damages. Yes, there will be recession and even depression, but it will be more mild and survivable than allowing the system to crash after it has been bailed out and wildly manipulated to kingdom come, which looks to be where the Illuminati are going to try to take it. Creating more money and credit until it is coming out of our ears to save an already failed system is madness, and it will make the final Fall of the House of Usher worse by an order of magnitude. The US is about to join the Roman Empire in the scap-heap of history, and the sheople are still clueless, still stuck in their Illuminist-contrived Goldilocks Matrix pod where their box-of-rocks-brains have been washed to think that everything will always turn out "just right." Just listen to them screaming and carrying on like rock groupies at the Jackass and Dumbo political conventions. If that doesn't scare you, nothing will.
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THE INTERNATIONAL FORECASTER WEDNESDAY September 3, 2008 - 090308(1)_IF P. O. Box 510518, Punta Gorda, FL 33951-0518 An international financial, economic, political and social commentary. Published and Edited by: Bob Chapman E-Mail Addresses: international_forecaster@yahoo.com if_distctr@yahoo.com CHECK OUT OUR WEBSITE www.theinternationalforecaster.com 1-YEAR $159.95 U.S. Funds US AND CANADIAN SUBSCRIBERS: Make check payable to Robert Chapman (NOT International Forecaster), and mail to P.O. Box 510518, Punta Gorda, FL 33951-0518. Please include name, address, telephone number and e-mail address. Or: We accept Visa and MasterCard charges. Provide us with your card number and expiration date. We will charge your card US$159.95 for a one-year subscription. You can email us in two separate emails (1- the Credit Card Number with full name, address and your telephone number and (2- the Expiration date on the card. NON US OR CANADIANS SUBSCRIBERS: Due to the time that it takes for your mail to arrive to us from a foreign country, we would like for you to email us as above the CC information in two separate emails. Note: We publish twice a month by surface mail or twice a week by E-mail. international_forecaster@yahoo.com or if_distctr@yahoo.com RADIO APPEARANCES: To check out all of our radio appearances click on this link below: http://www.theinternationalforecaster.com/radio
-- Posted Wednesday, 3 September 2008 | Digg This Article | Source: GoldSeek.com
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