(We only print excerpts)
The elitists want to implement a world currency and destroy gold and silver as a monetary metal forever. We have the Euro, next is to be the North American Currency Unit and then the Asian Currency Unit. Ultimately the World Currency Unit that will finally deprive us of our freedom and sovereignty. Then that will be followed by political and economic union and then world government, which will further eliminate borders and sovereignty. Once the world is unified, there is no escape. The power of the one-world government will be absolute - and because man remains sinful and corruptible, our new-world order will be tyrannical. Any world currency system means enslavement. That is why we ask you to help us expand our readership. You could save many people from financial destruction.
SUBSCRIPTION and RENEWAL INFORMATION: 1-YEAR $99.95 U. S. Funds. Make check payable to Robert Chapman (NOT International Forecaster), and mail to P.O. Box 510518, Punta Gorda, FL 33951. Please include name, address, telephone number and e-mail address. We accept Visa and MasterCard charges. Provide us with your card number and expiration date. We will charge your card $99.95 for a one-year subscription. Note: We publish twice a month by surface mail or 3-4 times a month by E-mail. Correspondence to Bob Chapman international_forecaster@yahoo.com, or for subscription information IF_distctr@yahoo.com.
US MARKETS
It looks like we may only have five banks left in a few years, at the rate banks are being bought out. This fits right in with the elitists' desire for a one-world bank. JP Morgan Chase has merged with Bank One, a $60 billion deal.
We believe the overriding goal of the invasion of Iraq is to create a permanent military presence in that country, from which to dominate the Middle East including neighboring Iran. This is the geopolitical aspect of the goal of PAX Americana. The removal of a dictator and theft and cronyism are secondary issues. The Bush neocons want to assert the US as a full-fledged global empire, seizing sole responsibility and authority as planetary policemen and dictators. If you do not believe this, look at US presence in Germany and Japan 58 years after the end of World War II. This is not about containment, just as Rome did not stoop to containment; it conquered and so will the Bush neocons. Americans do not appreciate the true extent of their ambition. Americans understand little about anything. What is most disturbing in this process of world denomination is that these elitists are subjugating the American people. Again, war and terrorism are just covers to hide the impending financial and economic failure we face as a nation and as a world. The pre-emptive attack on perceived enemies under the cover of terrorism is a scam and much worse is the suppression of the American people who are too dumb to understand what these evil people are up too. The efforts speak in blunt terms of what it calls "American Internationalism", which is ignoring international opinion if it suits US elitist interests to do so. They are always on the offensive. This is a program of permanent US military domination of every region on the globe, unfettered by international treaty or concern and applies equally to the American people. All of this is available via the Project for the New American Century for those who can read. This has nothing to do with political conservatism and everything to do with global fascism. This, of course, includes a massive financial burden for the American people. The report calls for military spending of 3.8% of GDP and the $379 billion requested by the Bush neocons is almost that percentage. It urges development of small nuclear warheads required in targeting the very deep underground bunkers that have been built by potential adversaries or some errant small country that doesn't agree with George W. Bush. All of today's developments were laid out in the early 1990's as part of the conspiracy's plan for world denomination but very few were looking and listening. Only a handful of researchers including us saw and dispersed the message, but few were listening. This global mastery is going to cost America dearly in wealth and lives. The rest of the world will cower and withdraw except for the few that our government will attempt to annihilate. Yes, there will be no disruption in oil supplies and Iraq will be used as an object lesson to all other countries. This is the lure of empire and along the way our leader will commit some terrible crimes so be prepared for them. You ask what can we do? Our answer is we don't know exactly, but we know the changes have to come from within from the American people either politically or otherwise.
In order to garner new taxes Mr. Bush is busy closing loopholes such as cutting credit on income earned abroad, which means double taxation. It also extends the timetable on foreign property holdings to make them eligible for credits. The elimination of municipal leasing so more funds will flow to the federal government. Not being discouraged are collection agencies that the government uses to collect money from you in their behalf. You could call it corrupt privatization. New appraisal requirements for charitable gifts. Those who renounce citizenship will be taxed on worldwide income for 10 years after leaving the country. If you do not give notice that you no longer want to be an American, you are taxed forever. If you renounce you are only allowed 30 days a year in the US and you must file an annual report. At the same time, our President is going to legalize 12 million illegal aliens. There are a huge range of new penalties for failing to comply. Isn't it nice to know you get to pay for George's excesses? As we used to say, in your guts you know he's nuts.
An Arizona state legislative committee has approved a resolution calling for the dissolution of the federal government in the event that it abolishes the US Constitution; declares martial law or confiscates firearms. If they have to proceed along those lines, they'll need the approval of 34 other states. Joseph Stumph, well known author and historian said, "We're proposing that if things get as bad as they could get, that these states won't allow the federal government to put us into a one-world government." A similar proposal will be entered by Stumph in his home state of Utah. The issue now must pass the Arizona House. If passed it would then have to be approved by voters.
The Baltic Dry Index, a barometer of the dry-bulk freight market for important commodities such as iron ore, grain and coal, closed over 5,000 for the first time ever last week and ended another 68 points up at 5,459 on 1/14/04. China's voracious demand for raw materials, particularly for iron ore and coal has fuelled the enormous demand for Capesize ships, vessels in excess of 80,000 dead weight tons in size. Ninety-five percent of the world' s trade is transported by sea.
The EU has asked for a go ahead from the WTO to slap trade sanctions on the US that could run into billions of dollars of duties on US goods. We suspect that such sanctions and duties would bring a backlash in Congress and we think that's great. Brussels has been sitting on WTO authorization to implement $14 billion in duties. Congress will not repeal the Byrd amendment and that means the beginning of the end of free trade.
Vice-President Dick Cheney painted a grim picture of what he said was the growing threat of a catastrophic terrorist attack on the US and warned that the battle, like the Cold War, could last generations. He expressed these thoughts at a major address at the Los Angeles World Affairs Counsel, a subsidiary of the Council on Foreign Relations. He said one of the legacies of this administration will be some of the most sweeping changes in our military, and our national security strategy as it relates to the military and force structure, and how we're based and how we used it in the last 50 or 60 years, probably since WWII, changes are that dramatic. He also said the administration will have some of the most sweeping changes in our military into even more overseas bases so the US can wage war quickly around the world. We call this perpetual war for perpetual peace.
Our FBI has blacklisted the almanac as a terrorist tool because it contains so many facts. As you know they have already recognized our libraries as a terrorist threat and under Patriot Act I, have already seized library records. While the FBI chased shadows, 2003 was crowned the year of the lie. Just about everything out of Washington was a lie and that covers a multitude of things. The biggest lies are WMD, the CPI, PPI, unemployment numbers and the capture of Saddam Hussein, who in fact was captured by the Kurds. His Spiderman capture was a stage show. Over in England there was the WMD lie and the David Kelly lie. The lies of the media are so overwhelming that we could never cover them all. 2003 was a very good year for liars; they got away with most all of them.
George W. Bush and Congress have rolled back the payroll clock. People fought and went to jail for a 40-hour week. In fact, my father was one of the first members of the Teamsters Union in the 1930's under Jimmy Hoffa. Corporate America is back to where workers were in the 1930's. We need balance in our economy and we need renewed rights for labor or we will all be working for slave-wages again. Eight million workers will lose millions of dollars in overtime. Corporate America does not care about its workers. If they do not like it, corporations will just move the jobs overseas. Last year, both House and Senate representatives passed an amendment to the proposed rules that preserved overtime pay protection for most workers. The amendment was later dropped from a spending bill under intense pressure from George W. Bush. The Labor Department is totally unresponsive and has published information for employers on how to legally avoid paying overtime to low-income workers who would be eligible for it. There it is the official policy of Mr. Bush to screw American workers whenever possible for the benefit of elitist transnational corporations. This administration is an international disgrace. Last year, the Labor Department investigated more than 31,000 worker complaints and recovered $212 million in unpaid overtime wages, a 21% increase over 2002.
James Jesus Angleton, Chief of the counterintelligence for the CIA was a bitter man. He felt betrayed by the people he had worked for all his life. He realized at the end that they were never really interested in American ideals of freedom and democracy, they only wanted absolute power. He told author Joseph Trento that the reason he got his job was because he agreed not to submit "sixty of Allen Dulles' close friends to a polygraph test concerning their business deals with the Nazis. We in a way went through the same conversion of understanding of what was really happening in a few years. We had advantages over Angleton, we had street smarts and he believed all that Ivy League propaganda. That is when we realized there was a conspiracy 44 years ago. Upon entering counterintelligence school I was immediately told that the British and US had broken the Japanese diplomat code in 1936 and they knew everything the Japanese were doing and knew when Pearl Harbor was to be attacked long before it happened. Thus, early on, we were jaded and after that there were thousands of other incidents revealed to us. It was then that we knew who the real enemy was. Incidentally, we knew about Prescott Bush and other illuminists financing the Nazis in 1958. Now it is becoming common knowledge. It is a very small move from the Bush's treason to that of Adolph Hitler whom the Bush's and others financed. All our knowledge brings responsibility and we like Angleton get stuck with it. We did the right thing; he took the easy way out. Yes, Virginia there is a conspiracy.
GOLD, SILVER, PLATINUM, PALLADIUM AND DIAMONDS
The ratio of gold to the Dow has been five to one since 1900. It took five ounces of gold to buy 30 Dow stocks. Today it is 25 to one. From 1900 to 1980, the ratio of debt to GDP averaged 1.6 to 1. It is currently 3.3 to 1. Americans are over the top but just do not know it yet. Their salvation by devaluation promised by Sir Alan Greenspan is not going to materialize and their only salvation will be gold.
Russian President Vladimir Putin says Russia's gold reserves are among the highest in the world.
CANADA
Paul Martin is the new Prime Minister and he is a stooge for international elitist interests. He will continue to sell Canada out on instructions from Maurice Strong and David Rockefeller. Canada is now the most foreign-owned of industrial nations in the world. Martin works with a media that has Canadians befuddled, baffled and brainwashed. He is a great backer of free trade and globalization. He wants greater harmonization in the US policies. Americanization by transnational elitist corporations are involved not only in mergers and acquisitions but privatization and deregulation, which is systematic looting of the average Canadian's pocketbook. If the Martin government does not go along with the death of the loonie and the merging of the Canadian dollar with the US dollar, then the US will move for two currencies, one foreign and one domestic. Mr. Martin has long stated privately that he wants a US dollar for Canada. Of course, the excuse will be common stability, the undermining of drug money laundering, which is being run by the big money center international banks and, of course, the old Canard terrorism. Dollarization of Canada will remove Canada's sovereignty. Canadians get ready for enslavement; that is where Mr. Martin is taking you.
ASIA
China's economy is saddled by billions in bad loans, piles of worthless inventory, and an insufficient capital base. As you can see, the banking system is starting to come unglued with this week's $45 billion infusion by the government. Foreign banks, for all intents and purposes, are still kept out of the economy. The four state-owned banks in trouble got this $45 billion from the country's foreign exchange reserves, which are about $448 billion. As we reported some time ago, the infusion of funds was to dress the banks up so they could be IPO'd and dumped on the public. If the banks do not go under after the IPO then shareholders will make them operate like real banks. Previously these government-controlled banks were used to support faltering state-owned enterprises that wasted billions of dollars under a centrally planned Marxist economy. They made very few loans to private enterprise. The first two IPO's will be the two strongest banks, the Bank of China and China Construction Bank. Their non-performing loans were 18 and 11% respectively. Essentially, the rest are technically insolvent. Unfortunately, the government continues to treat the symptoms not the root causes and until there is good corporate governance the problem is not going to improve. Bank managers cannot get in trouble if a loan to a state controlled entity goes bad, but they could lose their job if a loan to a private company goes bad. China still is not out of the corruption of the communist dark ages of the past 50 years. Politics and finance are still deeply entangled and it will be some time before they are loosened.
SUBSCRIPTION and RENEWAL INFORMATION: 1-YEAR $99.95 U. S. Funds. Make check payable to Robert Chapman (NOT International Forecaster), and mail to P.O. Box 510518, Punta Gorda, FL 33951. Please include name, address, telephone number and e-mail address. We accept Visa and MasterCard charges. Provide us with your card number and expiration date. We will charge your card $99.95 for a one-year subscription. Note: We publish twice a month by surface mail or 3-4 times a month by E-mail. Correspondence to Bob Chapman international_forecaster@yahoo.com, or for subscription information IF_distctr@yahoo.com.