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?