Our crispy critter commercial and investment banks, insurance companies and automakers, which are now all totally and completely insolvent thanks to the intentional destruction of our financial system via the privately owned Fed's inflationary monetary policy, excessively low interest rates and complete lack of regulation, as well as loan and ratings fraud along with stock, real estate and derivative bubbles, all made possible by many of the members of the new CCCP, President Obama's Clintonite Cabinet of Con-Artists and Parasites, are already in the process of being nationalized, along with the Fed, to form a super-entity that will have an iron grip over all things financial. That way, the criminals who ruined our financial system will continue to prosper with outrageous salaries and bonuses as they take over and absorb the healthier regional banks into the super-entity with taxpayer funds, when it should be the regional banks taking over the criminal gangster-banksters, which should be allowed to fail. We are absolutely certain that the larger regional banks with smart managers who did not partake of the financial fraud orgy would be more than happy to buy the customers and accounts from a bankruptcy trustee overseeing the failures and insolvencies of the so-called "legacy banks."
After the nationalization of banks in most civilized Western nations takes place in a fashion similar to what is being done in America, the old system of nation-states and their economies will be regionalized.
Well doesn't it just give you "warm fuzzies" knowing that pervert-deviant Henry Kissinger approves of Obama and looks forward to having Obama take us into world government? In Europe, the joke is that when Herr Kissinger visits your country, you should "Quick, hide the children!" Better watch out, Obama, when Uncle Henry visits the White House! Henry Kissinger, like David Rockefeller and the Zbig, are all seditious traitors hell-bent on world government. They intentionally created all the problems you see unfolding before you, but would instead have you believe that some of the most intelligent people on the planet made some astounding errors in judgment that have destroyed the world economy and financial system, with America now being to blame for the whole debacle, meaning that America is no longer qualified to lead the world politically and economically, and that we must have world governance with everyone putting their two cents in. What unmitigated gall these satanic, megalomaniacal, New Age, ancient mystery religion occultists continue to demonstrate as they attempt to move us toward their One World Disorder. Move over Hitler, here comes Uncle Henry.
Here are some paragraphs extracted from Herr Kissinger's latest article, entitled "The Chance for a New World Order:"
"That opportunity involves a seeming contradiction. On one level, the financial collapse represents a major blow to the standing of the United States. While American political judgments have often proved controversial, the American prescription for a world financial order has generally been unchallenged. Now disillusionment with the United States' management of it is widespread."
"At the same time, the magnitude of the debacle makes it impossible for the rest of the world to shelter any longer behind American predominance or American failings."
"Every country will have to reassess its own contribution to the prevailing crisis. Each will seek to make itself independent, to the greatest possible degree, of the conditions that produced the collapse; at the same time, each will be obliged to face the reality that its dilemmas can be mastered only by common action."
"Even the most affluent countries will confront shrinking resources. Each will have to redefine its national priorities. An international order will emerge if a system of compatible priorities comes into being. It will fragment disastrously if the various priorities cannot be reconciled."
"In the end, the political and economic systems can be harmonized in only one of two ways: by creating an international political regulatory system with the same reach as that of the economic world; or by shrinking the economic units to a size manageable by existing political structures, which is likely to lead to a new mercantilism, perhaps of regional units."
"The extraordinary impact of the president-elect on the imagination of humanity is an important element in shaping a new world order. But it defines an opportunity, not a policy."
So basically, Uncle Henry thinks there are only two options -- their way, or the highway. Either we all get together and sing "Kum ba yah" with Obama and the leaders of all the other countries in One World Bliss, or we suffer fragmentation and disaster. We would like to suggest that there is a third way, however. In fact, we can't wait for the fragmentation to start, as that would give us the opportunity to finally "get it on" with Herr Kissinger & Company. We can't wait! Hope you will join us in exploring the third option!
Now here are some excerpts from Obama's inaugural speech:
"Forty-four Americans have now taken the presidential oath. The words have been spoken during rising tides of prosperity and the still waters of peace. Yet, every so often the oath is taken amidst gathering clouds and raging storms. At these moments, America has carried on not simply because of the skill or vision of those in high office, but because we the people have remained faithful to the ideals of our forebears, and true to our founding documents."
"So it has been. So it must be with this generation of Americans."
Talk about double speak!!! So we have Uncle Henry telling us we must have world government, while Comrade Obama tells us we must remain faithful to the ideals of our forebears and founding documents, documents which were drawn to keep us out of an overarching empire that was "eating out our substance" through dictatorial abuse, British Mercantilism and debt-based, European-style fractional reserve banking and a fiat currency system! The British Empire at that time was the next closest thing to world government that our Founding Fathers could have envisioned, so they certainly would have been dead set against world government, since a global system was the last thing that any of them would have wanted. They wanted to keep the fruits of their labor pursuant to Christian principles, not have it siphoned off into pagan hands by one-world bureaucrats. So which is it, guys!!! Our subscribers know which one it is. It is the one being pushed by the same people who took Obama from being an obscure, ultra-liberal, junior US Senator to being President of the US. Obama has no intention of following the Constitution or the principles espoused by our Founding Fathers. You don't bite the hands that elected you, or you are sent on a trip to Dallas from which there is no return.
Those with water filters, freeze-dried food, weapons and ammunition, as well as gold and silver and their related assets, are the only ones who will be able to put up a meaningful resistance to the formation of the new Nazi police state, watched over by our new Gestapo, also known as Homeland Security. Our Gestapo is now headed by lesbian Janet Napolitano, whose unimaginable prowess at securing our borders when she was governor of Arizona apparently qualifies her for this position. That way the borders of our entire country can now be invaded by every terrorist group and criminal known to mankind, instead of just having our border between Arizona and Mexico overrun by illegal aliens. That means we now have equal opportunity border violations.
The liberals must be elated.
We are not going to belabor this point but it is deadly important. Private equity investors and professionals are pulling their money out of banks. A professional run on banks has begun. If you have CDs or funds in banks that exceed six months of operating expenses remove them immediately. Your alternative is gold and silver related assets or Swiss franc Treasuries. If you need help email me or call 1-800-375-4188.
Our Treasury is going to have to raise over $2 trillion to fund fiscal needs in the next six months, which will be no easy feat. Will foreigners continue to fund such massive reckless spending? We do not know. We do not believe they want too, but do they have much choice? They are holding 64.5% of their foreign reserves in US dollars. The US Treasury’s needs for funds are enormous and fulfilling those needs will be very difficult. Are US Treasuries still the world’s safest investment? We do not believe they are. Today this is a false perception, as it has been several times in our history. History is replete with other major nations defaulting on their bonds and arbitrarily devaluing their currencies in the last 150 years. The bottom line is there are no safe bonds or currency from any nation. Gold always has been and always will be the only safe option.
Today we have zero interest rates or for that matter negative rates if you consider the loss via real inflation. Owners of US debt are losing at least 10% annually on their investment. Our unprecedented expansionary monetary policy can only end in disaster via hyperinflation and default and devaluation. Even a 10% yield in today’s market cannot compensate for the loss in buying power.
The creation of American debt is totally out of control and there will come a time when foreigners will be forced to say no – no more. They will be under enormous pressure from their own constituents. Besides, who is capable of funding such debt? China and Japan are loaded up. Oil producers are in a bind. England is on the edge of bankruptcy, as are Ireland and Spain. Perhaps Germany and France can help. We do not know who’ll attempt to help, but more than $2 trillion in a year is a lot of money. We do not think it can be done and that means the Fed buys the Treasury’s bonds, bills and notes by creating more fiat money monetizing the debt and sending inflation straight into the stratosphere. That means much higher gold prices are in our future.
There is no flight to the dollar. There has been a flight from other currencies to the dollar for several reasons and those reasons are now history. We could see the dollar again test the upper limits on the USDX at about 88, but that should be it. We expect the dollar to firmly put in a double top. In fact, we may well never get to 88, which often happens in situations like this. The dollar has gone up as much as it is going too. Can you imagine what a dollar at this level will do to exports? It will probably cut GDP ½% to 1%, and at this stage that would be most unwelcome.
The dollar is going lower versus other major currencies, which have all just fallen versus the dollar over the past five months. Next all the currencies will take a bath versus gold. As an aside, events in Europe are horrible.
England and Europe are trapped in depression and England is bankrupt. In Greece and in the Baltics and South Balkans they are having the worst riots in almost 20 years. S&P has cut Greek debt to near junk and the bonds of Italy, Spain, Portugal and Ireland are on negative watch. As we told you before this is a worldwide catastrophe. There will be no decoupling. Ireland has nationalized the Anglo Irish Bank, the biggest bank in the country. The social fabric is being torn as it soon also will be in the US and other countries. The entire world is entrapped in a web created to bring about world government.
Latvia’s streets look like a war zone, but little of this carnage reaches us via the US media. This is important, as are the riots in Greece. They were all about economic and financial failure and no jobs. This is going to happen worldwide.
As we’ve said, the major financial institutions in the US are broke. The Fed and Treasury know and a few in Congress. The rest of our legislators do not understand or want to understand. Congress is only interested in payoffs and pedophilia. These are the same people who allowed $350 billion in TARP funds to be stolen.
There is no question now but Bank of America and Citigroup are broke. Plus banks in Canada and Europe. You can add JP Morgan Chase and Goldman Sachs. They went a bridge too far. These are banks and investment banks owned or controlled by the Illuminist Black Nobility. The connections in these stocks and others are just the prelude to oblivion. Wait until the derivative bomb explodes.
As the Baltic Dry Index falls 95%, oil and gas prices are decimated. Oil falls from $147 to $35.00 a barrel in order to destroy OPEC in another power play. In the end Russia will emerge as a winner. This is how fascism works.
Our new President tells us he is committed to pressing China on its currency practices. Don’t hold your breath. Just more political posturing.
President Obama is freezing salaries for top White House aides and will put in place new stricter ethics and lobbying rules.
He also said he will change the way the FOIA (Freedom of Intermation Act) is interpreted. Thee will be more transparency. He will err on the information release side.
The CBO says only $136 billion of the $355 billion that House leaders want to allocate to infrastructure programs will be spent by October 1, 2010. The rest will be spent after the recession/depression is projected to have ended. The report does not analyze the entire $825 billion stimulus package.
Building industry economists who have been perpetually wrong, see a deepening correction this year – see no recovery until 2010. We say more wishful thinking. Inventory of unsold homes is 11.5 months. That won’t be reduced anytime soon.
The ISM Index of factory activity was 32.9 versus 32.4 originally reported for December. The non-manufacturing index was 40.1 in December versus 40.6 previously reported. What poor reporting.
The NAHB/Wells Fargo Housing Market Index was 8 in January, down from 9 in December. Chairman Sandy Dunn says, “Clearly conditions in the nation’s housing market are not getting any better until the federal government takes substantial action to encourage qualified buyers to get back into the market.”
The gauge of current single-family homes sales fell to 6 from 8. The index of sales for the next six months increased to 17 from 16. The prospective-buyer traffic measure also climbed to 8 from 7.
They say through the end of 2009 housing prices will have fallen 45%, a broad countrywide number.
The S&P/Case-Shiller Home Price Index fell 25.3% from March 2006 to October 2008. The expectation is for a 29% fall in 2009. Houses are going to fall to 1995 levels and we could see 1981 levels.
Phillips Van Husen will fire 400 workers and shut 175 stores.
Intel will stop production at five US and Asian plants and lay off 6,000.
Top Oppenheimer bank analyst Meredith Whitney says banks are going to have to sell their crown jewels.
In commercial real estate delinquency rates are rising very quickly nationwide. Office and retail space are getting hit hardest.
The delinquency rate on retail mortgages was under 0.4% a year and a half ago and is now rising past 1.0%. Currently another service has the 60-day delinquency rate at 1.71%.
As both the above transpire banks are becoming more and more reticent to lend to anyone. Loans are being lifted from developers who have met every payment.
Mortgage applications fell 9.0% last week.
The American Council of Life Insurance has been pleading with regulators to adopt a variety of changes in capital and reserve requirements before companies must file their annual reports for 2008. They believe the reports will spook policyholders into dropping coverage and liquidating policies. These changes would mask real problems in the life insurance industry.