Divining the News (DTN)

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Posts Tagged ‘Meltdown

Enjoying the crisis? It was all engineered

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I do solemnly  believe the financial crisis has been engineered. It stops the transfer of wealth to the oil producers. It surely will not go according to plan, very little in life does, but that is particularly true for the last eight years. Fortunately I have no inside info, so i can live longer.
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If the crisis was not engineered then it is such an indictement on the incompetence of our elite and the system we live under as to suggest our elite’s fall from power and grace.

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Oil is now 35$ a barrel, mission acomplished. Would our barrons inflict hardship on everyone in order to undermine Iran, Russia and Venezuela etc? Most definitely yes. Has there been a word about the cost of the wars? Not a whisper.

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In a timely essay on:

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Is the New World Order “Jewish”?

February 12, 2005

Central banks also control the supply of credit to businesses and individuals. Robert Hemphill, Credit Manager of the Federal Reserve Bank in Atlanta describes this untenable situation.

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“This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is… It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon.”

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When the Federal Reserve was inaugurated in 1913, a London banker acknowledged that it is a scam.

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“The few who understand the system will either be so interested in its profits, or so dependent on its favours, that there will be no opposition from that class… The great body of the people, mentally incapable of comprehending, will bear its burden without complaint, and perhaps without even suspecting that the system is inimical (contrary) to their interests.”  Source

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I mean, If they had the gall to say Iraq had weapons of Mass destruction. Osama Bin laden did 9/11 even though he has never been charged and his family was in business with the Bush’s, why not have the gall to soak everyone?

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moneycount

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Bailout of 700 Billion is peanuts compared to what is going on:

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Written by morris

December 27, 2008 at 12:07 am

Dollar goes down – Gold goes up – Chart

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Dollar’s Slump Erases Months Of Solid Gains

Washington Post
Thursday, December 18, 2008; Page A01

The dollar yesterday staged one of its biggest one-day drops against the euro and fell to a 13-year low against the Japanese yen as near-zero interest rates and the Federal Reserve‘s plan to print vast sums of cash dilute the value of the greenback

Live Gold Phase chart

This chart works only on weekdays

The Fed Says Buy Gold

December 17, 2008

by David Nichols

On Tuesday we received direct confirmation from the Fed that the U.S. dollar will continue to be sacrificed to resuscitate ailing credit and asset markets. “Helicopter Ben” is finally living up to his advance billing, as dollars are set to rain down on the economy.  Source

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Written by morris

December 18, 2008 at 11:59 am

Money will cease to function as a meaningful commodity Sunday Times

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I was in Dublin last weekend, and had a very real sense I’d been invited to the last days of the Roman empire. As far as I could work out, everyone had a Rolls-Royce Phantom and a coat made from something that’s now extinct. And then there were the women. Wow. Not that long ago every girl on the Emerald Isle had a face the colour of straw and orange hair. Now it’s the other way around.

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Everyone appeared to be drunk on naked hedonism. I’ve never seen so much jus being drizzled onto so many improbable things, none of which was potted herring. It was like Barcelona but with beer. And as I careered from bar to bar all I could think was: “Jesus. Can’t they see what’s coming?”
Ireland is tiny. Its population is smaller than New Zealand’s, so how could the Irish ever have generated the cash for so many trips to the hairdressers, so many lobsters and so many Rollers? And how, now, as they become the first country in Europe to go officially into recession, can they not see the financial meteorite coming? Why are they not all at home, singing mournful songs?

 

It’s the same story on this side of the Irish Sea, of course. We’re all still plunging hither and thither, guzzling wine and wondering what preposterously expensive electronic toys the children will want to smash on Christmas morning this year. We can’t see the meteorite coming either.

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Written by morris

December 15, 2008 at 10:29 am

Video: Milton Friedman explains role of gold in Great Depression and general overview

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Milton Friedman explains what happened during the great depression and what the role of the federal reserve is during economic ups and downs. This is from a 10 hour documentary series which can be viewed online at: http://www.ideachannel.tv/

Written by morris

December 14, 2008 at 7:47 pm

We need rewards for ideas and spiritual uplifting – not our current smothering

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That a depression / recession is coming we know. In fact it seems to be here. Speculation is rife in how it will play out. We will spend more time at home, etc, more TV and internet.

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We have lived through unparalleled growth. Suddenly it stops. Globalisation is not working and maybe it will not survive, this can extend into our countries, maybe we will break down into fiefdoms and cliques.

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Our separate national and religious identities have so far nurtured a sense of belonging. Yet what we are seeing in Greece and in China might be on its way. And the sense of cohabitation with others will be more and more stressful. Both nationally and individually.

spiegel-das-capital

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Written by morris

December 11, 2008 at 3:11 pm

The proof of how great God is.

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The proof of how great God is. Is to observe how weak humans are. This also reinforces the obvious need for a God. And so the devout can show how weak any human is. And such an aim takes on a religious fervour.

Whether the task is to discredit another human or to bait an individual into a corrupt endeavor. As we hear pious sentiments by seemingly good souls. The only sustenance they get, is a background of discrediting and corrupting any distractors.

And so the powerful sit hidden and cushioned like a queen bee, yet they pass along orders efficiently.

The imagination is stunning. My internet connection is often interrupted, I assume this is because connections are being made in my name, either to pedophilia sites or to arranging criminal events.

Also many an internet connection will end up at a page of scantily clad women. Probably everyone has had that. It is interesting the ease there is in corrupting anyone. Who wouldn’t say no to some quick money. And with this ability, so everyone can be kept in check.

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Written by morris

October 13, 2008 at 12:32 pm

Is the Fed forcing a recession?

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There are winners in a recession. The huge quantities of wealth being exported to oil exporters: Russia, Iran, Venezuela, Bolivia will go down: See: A Double Whammy

NaturalNews) In 1942, German intelligence officers rounded up skilled Jewish prisoners and launched Operation Bernhardt, a clever scheme designed to counterfeit hundreds of millions of dollars worth of British Pounds and destroy the British economy by flooding it with counterfeit money. Located in the Sachsenhausen concentration camp, Operation Bernhardt was, even by modern standards, a runaway success that resulted in the creation of forged bank notes worth 132 million British Pounds.

This “economic warfare” operation resulted in a devastating economic effect on the British economy. You can read the true history of this operation here: http://en.wikipedia.org/wiki/Operation_…

It is important to note that Operation Bernhardt was an act of war, specifically pursued for the purpose of destroying Britain’s economy by creating so much new money that the value of the money already in circulation would plummet. This was considered a strategic attack, just as effective as carpet-bombing tank factories or mowing down soldiers on the field with German-made MG42 machine guns.

What does all this have to do with the Federal Reserve?

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Written by morris

October 9, 2008 at 4:07 pm

To the bankers: “your problems are our problems!”

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The more headlines there are about the finances of banks, the more they look like the Y2K sensational headlines. Which was in the end – a lot of hype.

This suggests some big bankers are making good money out of all this. Milking it in the media for all it is worth. They are after all, in the know, they have the contacts, they are making whatever deals they can.

We the public are out in left field, in the dark, listening to journalists and elected officials who are also in the dark.

If by chance the officials or journalists have classified info, they are not allowed to mention it.

Meantime the American economy is tanking, the dollar is going up, and gold’s price makes no sense at all. In other words the problem is an opportunity, it is being used as a scam. And there is widespread manipulation going on.
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Written by morris

October 5, 2008 at 7:52 pm

Video Ron Paul: “Our mess is so big, if we continue this bailout type of policy we will go to depression”

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Ron Paul Still Plans to Vote Against Bailout Bill

Our mess is so big, if we continue this bailout type of policy we will go to depression

Written by morris

October 3, 2008 at 7:25 pm

Next: The Mother Of All Bank Runs?

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We will survive without banks, without stocks and shares and without fiat money, just wait and see.

Next: The Mother Of All Bank Runs?

Nouriel Roubini 10.02.08, 12:01 AM ET

Doctor Doom

It’s plain that the current financial crisis is worsening in spite of–or perhaps because of–the Treasury rescue plan.

The strains in financial markets are becoming more, rather than less, severe in spite of the nuclear option of a $700 billion package: Interbank spreads are widening and are at a level never seen before; credit spreads are widening to new peaks; short-term Treasury yields are going back to near-zero levels as there is flight to safety; credit default swap (CDS) spreads for financial institutions are rising to extreme levels as the ban on shorting of financial stock has moved the pressures on financial firms to the CDS market; and stock markets around the world have reacted very negatively to this rescue package.

Financial institutions in the U.S. and in advanced economies are going bust. [...]

In a solvency and credit crisis that goes well beyond illiquidity, no one is lending to counter-parties as no one trusts any counter-party (even the safest ones), and everyone is hoarding the liquidity that is injected by central banks. And since this liquidity goes only to banks and major broker-dealers, the rest of the shadow banking system has no access to this liquidity as the credit transmission mechanisms are blocked. Forbes  Source

Written by morris

October 2, 2008 at 6:37 pm

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