-- Posted Sunday, 7 August 2011 | | Disqus
The following are some snippets from the most recent issue of the International Forecaster. For the full 33 page issue, please see subscription information below.
US MARKETS
The entire concept of keeping the economy functioning is based upon US dollar debasement via the creation of excess money and credit, which is accompanied by departments of government and Wall Street. Once in the past 11 years in particular we have seen lies, fraud, bogus statistics and Mickey Mouse bookkeeping. For good measure the powers behind government have thrown in the gutting of America’s industrial base by outsourcing and offshoring. As an extra temporary measure the Fed has bailed out the financial sectors in the US and Europe and continues to bail out the US Treasury. Who cares about currency debasement because it’s a cost of doing business.
We just witnessed another piece of legislation to destroy Social Security, Medicare and to usurp the US Constitution’s power to govern America via a “star chamber” group of 12 bought and paid for political operatives. Their style of government is very reminiscent of Soviet Russia and Nazi Germany.
Currency debasement goes on relentlessly worldwide and now the Fed is hinting that a QE 3 may be needed. We expected those trial balloons to appear on or about August 15th to be followed during the first two weeks of September of an announcement and beginning of QE 3. We felt the $300 billion they could roll over from existing Treasuries would be exhausted around September 1st. We expect during August the Fed will make a major effort to sell CDOs and MBSs, better known as toxic waste to raise more capital. The question is how much will be lost in these latter transactions, that the American people will be responsible for? Again taxpayers pay for bank losses being laundered by the Fed, which a number of the banks involved own. These actions further demean the value of the dollar, cause worse inflation and force gold and silver related assets higher.
The desperate economic and financial positions of Americans worsen as a result of these actions. Despair reigns as fellow Americans lose jobs, vehicles and homes only to move in with relatives or descend to living under a bridge.
Inflation is now affecting corporate profits that had been robust via laying off employees that make up 70% of their cost structure and installing new labor saving machinery, so that they can lay off more workers. This is accomplished via administration tax breaks.
Retirement savings are being wiped out in this process as many reach a stage of desperation. Government is so concerned at this depletion of assets that a bill has been introduced into the Senate to limit withdrawals and the number of withdrawals. The dirty little secret is the government wants that $6 trillion for itself, for which it will issue, guaranteed annuities. Mind you the US government is broke. Another Ponzi scheme to pay this annuity with your own funds. Again, get out of your IRA’S, your 401K’S and retirement funds and if you can’t, borrow against them, and buy gold and silver coins, bullion and shares. Gold owes no one anything and for 6,000 years has been the only real money. If present actions by the Fed continue in 2013-2015, we will have hyperinflation and gold and silver will soar as the dollar and other fiat currencies lose value in a big way versus these two precious metals. For the last 11 years, versus nine major currencies, on average each year, have lost more than 20% annually versus gold and silver. What more proof do you need that a long-term trend is in tact and that trend is your friend? We are headed for a modern Weimar collapse or perhaps a Zimbabweization of the American and many other economies. All currencies and countries will be affected in varying degrees and in the end there will only be gold and silver that represents value. If you do not want to starve or you want to keep your wealth together the only safe place to be is in gold and silver related assets.
People have to understand the truth and come out of denial. They have been duped and hoodwinked for centuries. That is especially true of Americans, who believed the lies being fed to them for many years, a very sophisticated program of disinformation and propaganda. The media has had the public going in one direction, when the criminals on Wall Street and in banking had a free for all looting these unknowing souls - corruption on a gigantic scale. As a result the public has lost in stocks and bonds via manipulation and inflation, which continually has destroyed their purchasing power. This has pushed Americans into major debt, which has enslaved half of the population.
The same has happened in England and Europe. The UK is barely holding on, Europe and the euro zone are in serious trouble. We have been called in to participate on radio, TV and via magazine and editor interviews. In one week we did Athens, Tehran, Rio de Janeiro and Caracas. Obviously the world is thirsting for knowledge and the truth. After 65 years, Europe and others are finding that socialism is very expensive and doesn’t produce the promised results. America is slowly discovering that the land of the free and home of the brave has become a corporatist fascist nightmare, and those pulling the strings from behind the scenes have just begun their enslavement of the American people. The cost of government regulation alone is killing the economies in the US, UK and Europe. Worse yet, the US and their British and European allies are planning one war after another. Their citizens and those of their adversaries become cannon fodder for profit, and distraction for underlying economic and financial problems. Just to show you their duplicity they have wasted almost $100 billion in Libyan assets in the US and Europe. They are in the process of being stolen. Just ask Bill Clinton who said we should use $5 billion of those funds to fund the Libyan rebels. This is the kind of fascist government the US government has become. The suicides, cover-ups and false flag operations go on one after another.
The situation in Greece, not yet really settled, has caused contagion in Italy and Spain, as the yields on their bonds reach new highs. The Greek deal is still not settled and another month is being wasted on vacations all around.
It is now a matter of when the US government decides it is time to commandeer retirement funds, 401Ks and IRAs. It won’t be long before redemption becomes impossible for CDs and Treasury bonds. All those poor souls who don’t listen are going to lose most of what they have. They have been mesmerized by misdirection, propaganda and the lies of those controlling the government. The departments of government are a total part of the program of deception. That includes the FBI and the Justice Department, along with the SEC and CFTC, all of which are a part of the criminal conspiracy. Then there is the continual cry of too big to fail that shelters the major banks that own the Fed. These banks that are allowed to carry two sets of books are all broke. There are also the participants in the make-believe derivative casino. These are the same banks that refuse to lend to small and medium sized companies rendering any recovery impossible. There can never be a recovery without a strong industrial base, which Americas no longer has. Free trade, globalization, offshoring and outsourcing has ripped the heart out of the US economy and left a wake of permanent unemployment. The country is collapsing by inches and yards and 85% of the public has no concept of what is going on and what is being done to them. America is headed into insolvency and only those with gold and silver related assets will survive. Your country is about to become a third world nation, because your corrupted politicians will lead you there. Soon America will have no middle class upon which to depend. They are victims of bank fraud. Their foreclosed homes are being bulldozed and they are being consumed by lack of purchasing power due to systemic rising inflation. The US is being deliberately destroyed. From a political viewpoint those in office being paid off by the elitists have to be defeated in the primaries. If they are not there is no hope for revival. We desperately need Ron Paul to hopefully shape those changes. If those things do not happen the legal avenue to change is over and the alterative left to the people is revolution. America has few freedoms left and soon there will be none. The shift to servitude is in progress and in three years they’ll be enslavement, but people will call it something else in order to deny that such a condition exists. Those who have rescued their wealth via gold and silver related assets will be the leaders of tomorrow and they will aggregate only as much as 15% of the population. People have to ignore the noise, propaganda and misdirection of the controlled major media. It is calculated to send you in the wrong direction and to neutralize you. In the future the currency, what ever it may be, will be gold backed. After putting away food, having a water filter and something to defend your family with you must have gold and silver coins to protect your assets. You have to anticipate the carnage that is in process and it is your patriotic duty to protect yourself and your family from destruction at the hands of the state and those Illuminists who control the state. In 22-1/2 years we have been correct 98% of the time. We take no joy in being right about such tragic events and the destruction of a civilization and culture, but truth and reality are what they are and we try to convey that to you. We are now witnessing an acceleration of the plan to steal most everything the public possesses via fraud and then confiscation. We do not see that including gold, because less than 1% of the population owns gold and those behind government know it is not worth the trouble and resistance. There will be enough trouble when they decide to take your weapons. That move is not far away. This is not happy news, but it is the way things are and unless the Americans quickly resist they will either end up enslaved or dead. You saw what the communists and Nazis did. They were financed by the same people that are trying to take our freedom today. You had best do something about it, or you will suffer the consequences of inaction and you won’t like the results.
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THE INTERNATIONAL FORECASTER
SATURDAY, AUGUST 6, 2011
08/06/11 (2) IF
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