Did Burnanke Save The Economy - Or Just His Friends?

By all reports, the markets have recovered. The markets are up, the dollar is up, gold and oil are down. Is Burnanke a genius? Did he, with the swipe of a pen, save Capitalism for posterity? I doubt it.

Billionaire investor Jim Rogers doesn't think so either, and he has called Burnanke's actions what they are, "totally outrageous." Not only has the Fed bailed out the banks at the expense of the average American, some of who are now living in tents, but more important, the central bank has, according to Rogers and others, " destroy(ed) our dollar...our currency, to essentially destroy the American economy," by allowing Americans to loose their homes while billionaire bankers are saved with taxpayer money.

The overreaching issue, of course, is the dollar. While today's charts show a rise in the dollar, the general market upswing is the real reason. This is the same thing that happened after the first bailout. The markets seemed to recover, the dollar seemed to strengthen, and commodities seemed to settle down. Then a day went by and everything was even worse than before.

This outcome is predictable, given the sheer volume of cash on the open market. The dollar cannot survive this. Even in the face of regulatory action and bailouts by the Fed, the simple rules of supply and demand will inevitably kick in. Will it be tomorrow? Who knows.

I've got to hand it to Burnanke, however, because dropping the prime 75 basis points was shrewd. Any more and the market would have tanked on the news. Chicago futures bet that the Fed would go down between 100 and 125 points. This news alone threw the overnight and European markets further in the red. Had the rate gone down less and he might have actually strengthened the dollar. Had Burnanke done what they though he would do in Chicago we would be in real trouble.

By dropping the rate somewhere in the middle, Burnanke put his master plan back on track - The Orderly Decline of The Dollar. The use of gradual, incremental, and orderly plans to destroy America are the hallmark of the Globalists. Like a frog put in a pot of cold water, if the heat is turned up slowly, the frog hasn't enough sense to jump out. Drop him in water that is already hot and he'll leap right out.

As we watch the markets climb knowing that the Fed and President Bush are intent on tanking the dollar, keep in mind that if the market goes high and then drops again, it's not a stretch to think that a lot of money was made on short trades, and the losers once again will be the American people.

Burnanke Saves Bear Stearns While Americans Live In Tents

After bailing out America's broke banks to the tune of $200 billion, the Federal Reserve turned their philanthropic eye to Bear Stearns, and they're not even a bank! In a similar exchange to the bank bailout, Bear Stearns traded worthless mortgage backed securities for Treasury notes.

The Fed, having pledged $30 million in Treasuries to the bankrupt firm, and $200 billion to the broke banks, now owns the homes of almost a quarter of a million Americans. Meanwhile, Illuminati controlled JP Morgan Chase just announced that they had bought Bear Stearns for a paltry $236 million.

And while most devastating to the working and middle class, even the wealthy are loosing their homes. Maryland recently reported that the total number of foreclosures this year alone equals 40% of all homes sold in 2006.

"The worst is yet to come," warned Eric S. Friedman, director of Montgomery County's Office of Consumer Protection. "A lot more adjustable-rate mortgages are going to be resetting in 2008 and 2009."

In a very real sense, the Federal Reserve has just perpetrated the biggest land grab in the last 100 years by trading worthless paper for real estate. Now good people, United States citizens, having been sold out by their government and stripped of their homes and property, must live in tents and shanties, while criminal, predatory bankers get rich and fat off of the sweat and effort of our country.

This is economic destruction and financial slavery. It has to stop. The press in this country are obviously propaganda outlets controlled by the Elite. Why else wouldn't they warn us? Why else would they omit such a serious breach and cover up the fact that their own countrymen are living outside?

McCain For President = Lordship and War With Iran

Republican presidential hopeful and hand picked neocon CFR shill, Congressman John McCain, will be guest of honor at a fund raiser in London, England. "By kind permission of Lord Rothschild OM GBE and the Hon Nathaniel Rothschild," American guests can attend for between $1,000 and $2,300 a ticket.

As if it's not bad enough that McCain is publicly showing the world who his real bosses are, it is an insult to our collective intelligence to presume that because only Americans can attend, that there is no connection to foreign interests. After all, this event is taking place in London, England, and is hosted by none other than the architects of the New World Order.

Now that The Lord hath spoken, what doth he have in store? War, of course. The Rothschilds love war, and have financed both sides of every major conflict since the American Revolution including financing the Duke of Wellington's defeat of Napoleon at Waterloo and the Franco-Prussian War.

With Iran firmly in their sights they need a real hawk to push their policies of world domination, and they have chosen their king and announced it for all the world to see - his name is John McCain. If some of his comments on Iran are any indication, then "(T)here's going to be other wars. ... I'm sorry to tell you, there's going to be other wars. We will never surrender but there will be other wars."

Do we really need another foreign financed, CFR shill in the White House?

Bernanke Gives Green Light To Tank Dollar

Today's news that the Federal Reserve Chairman will pump $200 billion into the banking industry, while creating a noticable uptick in the Dow, is rife with serious implications.

Once the giddiness wears off, the banks and brokerage firms will be saddled with such an astronomical amount of debt that this move can only be seen as another step in the "orderly decline of the dollar," which is the stated policy of the Bush Administration.

The aggregate bank reserves in the United States were aproximately -$17 billion. That means everything that the banks are using to show liquidity are debt instruments. Adding another $200 billion will not, as Bernanke claims, "promote liquidity," any more than it would to a consumer whos credit card company increased the limit just so that person could pay the bill.

This move also underscores the dangers banks are in, and the Feds move merely confirms that all banks are broke. If they are not propped up, they will fail immediately. The Feds move comes on the heels of an intended rate hike, and can only serve to debase the dollar even more.

Comming on the heals of Ex-Fed Chief Alan Greenspan's calls for OPEC to "de-peg" both it's currency and oil prices from the US Dollar, it seems the language and actions of the Bush Administration and the Federal Reserve, it seems their intentions are to ruin the American economy.

Just the aggregate bank reserves alone are a signal of doom, even without the addition of $200 billion, and is going to have the result of massive inflation. The floodgates have opened, and oil, gas, wheat, and corn, the basic neccesities of every American, now cost more, alot more.

Once We The People are bled dry, what next does the United States Federal Government have in store - martial law?

Economic Forecasts Dire According To Expert

John Williams, a leading economist and advisor to fortune 500 companies and hedge funds, stated on CNN Money that the United States can expect "the worst business cycle seen since the Great Depression."

Interviewed today on the Alex Jones Show, Mr. Williams went further. In order to illustrate the seriousness of the current situation, Mr. Williams told listeners that a one hundred dollar bill would be worth more used as toilet paper. The United States dollar, falling every day to historic lows against the Euro and Yen, is on its way to being literally worthless. It is merely a matter of time.

Mr. Williams went on to explain that Americans can expect a worstening recession and higher inflation, which will lead to a depression that will rival that of the 1930's. Todays economic news merely confirms that we are heading for a serious economic storm.

For the first time since 1945, banks own more of the equity in real estate than homeowners, and home forclosures are at a record high. Americans are loosing their homes and todays jobless report showed a loss of 63,000 jobs. These two factors alone should sgnal an emergency. Add to that the falling dollar and rising commodities, and it is clear that the nation is in trouble.

These predictions, also supported by other top economists such as Yale Universities Robert Shiller and Nouriel Roubini of NYU merely add credence to the seriousness of the situation. When the economic dream team says something, people need to listen.

Banking Crisis - A Pretext For Martial Law?

The news is not good for banks as massive write downs of bad debt, as well as bank closings and mergers, threaten to undermine the financial stability of millions of Americans.
(article below)

There are a number of factors that point to a total failure of the banking industry, which in turn could signal an imminent run on the banks. The most recent FDIC report, given on March 4 before the Senate Banking Committee, while peppered with positive language, actually shows an alarming trend of writeoffs, writedowns, and a serious lack of actual cash assets backing the books of most of the nations major banks.

Whether or not these losses are against previous record gains is of little importance, as those "profits" are all on paper in the form of mortgage backed securities and Real Estate Investment Trusts (REITS).

These paper assets are devaluing not only due to mortgage defaults, but because the greater real estate market is seeing lower housing prices as well. This has created a "buyer's strike" in mortgage backed securities, making them worthless (The Washington Post). These are junk bonds; the banks are broke.

When the first big banks begin to close, we will see a run as people scramble to branches and ATM's nationwide in an effort to preserve their cash. Just the other day there was a letter in my mailbox from Wachovia Bank reassuring their customers that they would not close. Where did that come from? Why did they send it, I know I never asked?


PDD 51/ HPD 20

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Now for the really scary part. If there was a run on the banks, it would create an ideal pretext for the government to implement martial law as National Security Presidential Directive 51 and Homeland Security Presidential Directive 20, gives the President of the United States dictatorial powers in the event of a "catastrophic (economic) emergency."

According to the Directive, a ""Catastrophic Emergency," means any incident, regardless of location, that results in extraordinary levels of mass casualties, damage, or disruption severely affecting the U.S. population, infrastructure, environment, economy, or government functions."

A run on the banks certainly falls under the umbrella of this directive, authorizing the President to take control of all branches of the federal as well as state governments. While even a local emergency such as a natural disaster authorizes the President, at his sole discretion, to invoke the Directive, a bank run and economic panic would certainly qualify.

Could the engineered destruction of our banks and currency be the pretext for open tyranny? This isn't as far-fetched as it sounds as the federal government has repeatedly stated their intention to devalue the US dollar in the Directive while simultaneously promoting unsound fiscal policy.

With the authority to direct American troops against their fellow citizens, and a lame duck Congress at his beck and call, Bush has been able to effectively repeal the parts of the Insurrection Act and Posse Comitatus Act that forbids the use of the military within the United States against other Americans.

The John Warner Defense Authorization Act of 2007 , which gave the President the power to nationalize the State National Guards for domestic purposes, gives PDD 51 real teeth. For the first time since the Civil War, the nation could find itself shedding its own blood.

Taken together, these blatantly unconstitutional laws create a De Facto police state. By virtue of PDD 51 and the "John Warner National Defense Act", the executive branch has dictatorial powers that are completely repugnant to the United States Constitution.

Give a criminal a gun and they're inclined to use it. Should we expect an economic emergency?

Bernanke Admits The Obvious

The Fed chief's second day before Congress was rife with doublespeak and, quite frankly, it sounds like he's scared. Beginning with his comments that it's not inflation, but maybe stagflation, Bernanke shrugged of the notion that were seeing a repeat of the economic woes of the 1970's.

Compared to the 1970's, today's economy is downright scary. Is Bernanke hiding something, is he trying to avoid a panic? I'd say a little of both, considering the ominous warning today that we can expect bank closings See Article Below.

What's scary are the indicators. Yesterday's mere mention of a rate increase sent commodities up and the dollar down. These same indicators are through the roof, it's the perfect storm for disaster.

Obviously there's some market manipulation going on, but it seems like the sheer inertia of world financial pressures are taking their toll, and it is now unlikely that the manipulation of asset and debt prices can cover up the obvious - the worlds greatest economists would know that the loosening of credit, the influx of fiat currency, and the selling of debt as an asset and using debt to sell debt would ruin the US economy.

In fact, Bernanke admits as much when he acknowledges that "in this case the consumer is taking the brunt of the effect,” Link To Article Here and these comments echo sentiments the Fed, former Fed Chairman Alan Greenspan, and others have been saying for some time, that the goal of US economic policy, as President Bush stated in 2003 is "the orderly decline of the dollar."

Of course the wealthy know what's happening to their money, and major investors such as Warren Buffet and Jim Rogers are quietly shifting their assets out of dollar backed investments.
For the rest of us, there's always bugs and bread lines.

Zeitgeist - The Movie

This is the best movie I've seen to date on the complete and total control that those in power have, to a greater or lesser extent, exerted over the rest of us. Be prepared to have your consousness peeled like an onion. This movie WILL change you, so be prepared. The link above is a bit torrent download. Or you can go to Google Video for a high quality streaming version.

digg story

Fresh Assault On The US Dollar

Reading between the lines, I'd venture to say the economy is a lot worse than anyone is willing to admit. Even Burnanke seems to be using every turn of phrase possible to minimize the impact of his words, going so far as to claim that another rate cut will "support growth and...provide adequate insurance against downside risks." Excuse me? The last time I checked (today), the dollar was at historic lows against the Euro AP Article Here.

This isn't rocket science. More money in (digital) circulation makes the value of the dollar go down. Is this prudent? As I pointed out in the article below, the banks can't pay their bills. Birnanke is feeding the destruction of the American financial system and covering it up with sobering sound bites.

Citing "less favorable" economic forecasts, The Fed chief "suggest(ed) sluggish economic activity in the near term," required a further rate cut. What about inflation? Bernanke assures us that he realizes "the Fed must keep a close eye on inflation." Is he serious? To suggest that a rate cut has even a slight chance of non-inflationary results is preposterous. The prices for the most important commodities are all up. Grain (food), and power (driving, electricity) are up already. These are the basic meccesities of the average American. The dollar is at an historic low. These two factors represent a huge burden on the average American.

Add to that the comments by Greenspan to "de-peg" the dollar from the price of oil http://www.infowars.com/?p=464 , and it becomes clear, the Elite are ruining the dollar on purpose.

Bank Closings/Mergers/Bailouts - Signals of Doom?

While the press talks about "streamlining" the banking industry, and CEO's worry about "relationship management," the global financial markets are being further consolidated into the hands of The Elite. Within the last few weeks alone, an unprecidented number of banks are merging, others are closing outright, and bailouts and talks of bailouts are front page news.

Even Bank of America, the largest bank in the United States, quietly asked the Federal Government to protect the $700 billion plus mortgages that are at “moderate to high risk” of default within five years See Article Here. The fallout of the US sub-prime debacle is forcing banks to make tough decisions, and the results of any decision are bound to have serious implications for the economy. But what really stands out is the Ponzi nature of this situation.

Lets look at the banking industry. A bank, as a member of the Federal Reserve, place deposits with the Fed (our money) and the fed lends the bank an amount of money equal to ten times the deposits. Then the bank lends that money at a higher rate to its customers. Fractional banking ensures that member banks are obligated to go through the Federal Reserve in order to stay in business. The Fed can increase and decrease the money supply and the value of money.

The sub-prime mortgages issued by the member banks and their affiliates are merely loans the bank took from the Fed, so the Fed not only knows, but is fueling the ability of member banks to make bad loans. The Fed had to know the loans would go south because of the lack of any meaningful underwriting attached to them.

Why would the Federal Reserve violate its mandate to protect the solvency of the US money supply? The answer lies in the rash of mergers witnessed worldwide. Banks are becoming centralized. Even prior to the current mortgage situation, US bank mergers were underway. Now with the created emergency of the sub-prime mortgage issue, the Federal Reserve, and central banks worldwide, are in aposition to gobble up assets and control at fire sale prices.

Related Articles
http://www.forbes.com/fdc/welcome_mjx.shtml
http://http//www.theglobeandmail.com/servlet/story/LAC.20080221.RWAUGH21/TPStory/Business
http://www.infowars.com/articles/economy/are_banks_in_trouble.htm

Ex-Congressman Questions Loss of Freedom

The rule of law is taking a serious beating in this land of the free, according to former Congressman Dan Hamberg. Echoing the sentiments of thousands of concerned American, Congressman Hamberg outlines exactly how the descent into total tyranny is at hand in America.

Later today, you can here him discuss his views on THE ALEX JONES RADIO SHOW. Tune in here.

Congressman Calls for New 911 Investigation

Six term Congressman Dennis Kucinich (D), of Ohio's 10th Districtic in the US House of Representatives, called for an investigation into possible insider trading relating to the attacks on 9/11/2001, on the Alex Jones Radio yesterday. Although mostly dismissed in the mainstream press, the Congressman is refering to a series of put and call stock options that occured in the days leading up to 9/11. Click Here for a complete analysis of the trades in question.

These trades are strong evidence of foreknowledge of the attacks, and there has never been an investigation regarding this activity. The Congressman's comments reinforce the need to fully investigate all aspects of the attacks of 9/11, and the specific allegations of foreknowledge and insider trading are strong indicators that the attacks were in fact, staged events.

Evidence of an "inside job" regarding 9/11 is overwhelming, and getting to the bottom of these trades will no doubt bring even more information to the surface. If Congresman Kucinich is able to bring forth a full investigation with the power to subpoena witnesses and compell testimony, then any information forthcoming that shows evidence of further criminal activity can be investigated by the same panel. If this were to occur, it would signal the begining of the end of Globalism and tyranny, and no doubt would result in a massive shift in the balance of power back to the People.

Global Warming is Man Made - Courtsey Of US Energy Department

Chemtrails. If you haven't heard of them, look up. Chances are your area is covered with these (mine is). Many will argue that these are contrails, the normal exaust trail of a jet. Contrails evaporate, in fact it's easy to see both contrails and chemtrails in the sky at the same time, making the comparison easy .

While the debate on the causes of global warming rages, the US Energy Department is saturating the sky with these ominous formations.

ARM, the DOE's Atmospheric Radiation Measurements program, relies heavily in aerosol as a medium for testing, and while the DOE never admits directly to putting chemtrails in the sky, their website states -

ARM is a multi-laboratory, interagency program, and is a key contributor to national and international research efforts related to global climate change. A primary objective of the program is improved scientific understanding of the fundamental physics related to interactions between clouds and radiative feedback processes in the atmosphere. ARM focuses on obtaining continuous field measurements and providing data products that promote the advancement of climate models.

This mission statement could explain both the purpose and results of chemtrails, namely that they are used to cause global warming. The Elite have been pushing the global warming mantra for years now, insisting that human actions have caused a dramatic and sudden increase in tempuratures worldwide.

Global warming's importance to the Elite cannot be understated, for they are using the (false) threat of human impact on the environment to push agendas ranging from a direct world tax to worldwide depopulation. Given that these efforts are repeated publicly over and over by those in power, more than a casual connection can be made between the chemtrails and the ARM program.

This DOE program, according to its website, has multiple fixed sites as well as a mobile facility. Obviously this is an important, well funded program, and is most likely handled at the cabinet level. The site also reports that they are interested in, among other things -


"aerosol and chemical transport in tropical convection"

"aerosol extinction-to-backscatter ratios "

"Aerosol Robotic Network "

"Aerosol and Ocean Science Expedition"

The list of terms on this site is extensive, and while much of the information is highly specialized, even the short list above is more than suspicious, given the obvious arosol-like nature of chemtrails. In fact, a search of the term "chemtrails" on the ARM website returns zero results.

Considering that whenever the government is mute on a subject they are hiding something, I'd say a strong connection can be made that the DOE is behind the chemtrails (at least here in the United States).

Police State Brutality

Within the last few weeks, law enforcement officers throughout the country have been video taped using exsesive force. While police brutality used to be the abberant behavior of a few rogue police officers, increasingly these incidence are becoming more common.

Compare that to the actions of the police during actual emergencies such as school shootings. These incidents routinely show that the police will stand down for as long as an hour before acting.

What we are witnessing is a public display of force designed to intimidate law abiding citizens while perpetuating a climate of fear. This is classic indoctrination. Joseph Goebbels would be proud.

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http://www.baltimoresun.com/news/nation/bal-te.amtrak19feb19,0,4062154.story

The Baltimore Sun reported that random Amtrak stations, including Baltimore, will now be subject to military-style police patrols carrying automatic weapons. Often patrolling with attack dogs, these officers will randomly pull passengers from the line for a security search.

Obstensibly to avoid a terror attack on a US passenger rail, these tactics are not designed to protect travelers. A terrorist would see the police activity and know that the next station down the line will not be secure due to the fact that these patrols are random. What this will do, however, is get people used to the idea that machine guns, attack dogs, random searches, and para-military operations on American streets are normal.

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http://www.baltimoresun.com/news/local/baltimore_city/bal-skateboarder,0,2375980.storygallery

This is a link to the Baltimore Sun website. The page summarizes, with links to each article, Baltimore Police Officer Salvatore Rivieri, a 17 year veteran of the department, who was recorded on a camera phone assaulting a 14 year old boy for skateboarding at the Inner Harbor, a ticketable offence.

This incident, posted on Youtube February 9, 2008, prompted another person to post a video of their run in with Officer Rivieri, A.K.A "Officer Dude."

Second Alex Jones Interview of Willie Nelson

Alex Jones, veteran journalist and activist, interviews Willie on 911, the President, and why he turned down the offer to have a highway named after him in Texas.

George Bush - The 1st US Dictator

National Security and Homeland Security Presidential Directive
Sec. 2 (e) states that the President runs the rest of the government. That means he runs Congress and the Courts. This is unconstitutional. The US Constitution specifically says that ALL legislation emanates from Congress - Article 1, Sec. 1 states "All legislative Powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives." Is that hard to understand? He is claiming dictatorial powers.

Would the US Attack It's Own Citizens?

http://www.gwu.edu/~nsarchiv/news/20010430/northwoods.pdf

This Isn't New

"Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people."

Theodore Roosevelt, 1906

Bush Lawyer Says Child Torture Legal

This is a text transcript excerpt of this exchange between International Human Rights expert Doug Cassel and John Yoo:

Doug Cassel: If the president deems that he's got to torture somebody, including by crushing the testicles of the person's child, there is no law that can stop him?

John Yoo: No treaty.

Doug Cassel: Also no law by Congress -- that is what you wrote in the August 2002 memo... John Yoo: I think it depends on why the President thinks he needs to do that. "