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verfasst von igelei, 05.06.2004, 23:35

-->>THE INTERNATIONAL FORECASTER
>> MAY 2004 (#4) Vol. 8 No. 5-4
>> This is from a newsletter of Bob Chapman. Conspiracy economist. Sees
>transnational
>> forces wanting to break the economic/military power of the US. His
>> newsletter gives the details week by week for investors. Lots of
>fear of
>> course. I read it to get a view, a picture of what the world will
>be like
>> from where he sits. And to see HOW the bad guys may be doing it to
>keep a
>> step ahead. What do you think?
>>
>>
>> US MARKETS
>> As the Fed creates massive amounts of aggregates, the administration
>> creates ever-larger deficits daily. There is no sign that either
>the Fed
>> or the Bush neocons are going to ease up anytime soon. Irrespective
>of
>> government statements, inflation is running at about 9.5%. Currently
>> inflation is rising faster than interest rates and we expect that to
>> continue as long as the Fed massively feeds the system and Mr. Bush
>and
>> Congress create newer and bigger deficits. This is similar to the
>way it
>> began in the late 1960s at the beginning of gold's last great run.
>Today
>> we have record budget and current account deficits that dwarf those
>of
>> that period. Congress and the administration have no inclination to
>in any
>> way cut spending and on top of that, we have perpetual war for
>perpetual
>> peace. The stock market will top out finally this fall as the
>prolonged
>> bear market rally is completed. If the Fed continues its madness as
>it did
>> in the 1970s then interest rates could again reach a Fed fund level
>of
>> 16.39%. We are currently at 1%. Today we have a nation that
>although they
>> won't admit it, lives in fear of its government. Where else today
>can you
>> say something misinterpreted by an employer at an airport and be
>> prosecuted? Where else can you have your phone tapped for writing
>the IF?
>> Only in America. These are not universal values; these are the
>trappings
>> of a police state. If you put all the above together you come up
>with a
>> crisis and that is where we are headed.
>> Exporting dollars is becoming a major American industry; $30 billion
>> goes to Latin America every year and of that $14.5 billion goes to
>Mexico.
>> Fifty percent of those sending funds home make $20,000 or less a
>year, but
>> send home 10% of their income.
>> The use of drugs to control attention deficit and hyperactivity
>> problems in preschool children jumped 49% in the past three years.
>All
>> children on ADHD drugs increased by 23% in children under five. The
>money
>> being spent on ADHD is eclipsing spending on drugs for asthma and
>> infections. At the same time, the use of antibiotics grew only
>4.3%, while
>> the use of antidepressants rose 21% and the use of medicines for
>autism
>> and other conduct disorders jumped 71%. The most eye-popping change
>was a
>> 369% increase in spending on ADHD drugs for children under five.
>Their
>> parents are too lazy to deal with normal child behavior. New drugs,
>such
>> as Strattera, Adderall and Concerta only require one dose in the
>morning
>> and the kids are like zombies all day. It is estimated that almost
>10% of
>> American children are being poisoned with these drugs just so
>teachers
>> won't have to bother to correct them. By the time they are 10-15
>years old
>> they are ready for suicide.
>> The Secretary of Defense, Donald Rumsfeld's orders for the treatment
>> and interrogation of Iraqi prisoners brings up questions about
>treatment
>> of prisoners in American correctional institutions. The 12 million
>people
>> who pass through these institutions each year are often subject to
>violent
>> attacks by other inmates, prisoner-on-prisoner rape is endemic, drug
>> resistant strains of tuberculosis is rampant, as are drugs and the
>> swapping of needles that leads to HIV infection and liver destroying
>> hepatitis C. Psychiatric care for psychotic inmates is poor to
>> nonexistent. Twenty-five percent of inmates are usually under
>> administrative lockdown. Almost 50% in lockdown have tried to commit
>> suicide. Our prison system is a disgrace to us as a civilized
>people.
>> A federal advisory committee says Congress should pass laws to
>> protect the civil liberties of Americans when the government sifts
>through
>> computer records and data files for information about terrorists. A
>better
>> idea of course is to terminate Patriot Acts I & II. Currently
>agencies are
>> collecting and using personally identifiable information on persons
>for
>> national security and law enforcement purposes. The programs are
>mirror
>> images of the Pentagon program named, Total Information Awareness,
>now
>> euphemistically known as, Terrorism Information Awareness, which
>makes
>> each citizen a potential terrorist suspect. In data mining our
>government
>> has no intention of protecting individual privacy. The only
>solution is to
>> do away with Patriot Acts I & II. If we are going to have these
>Acts then
>> Congress must pass legislation protecting our rights and demand
>court
>> orders for data mining, search and seizure. What is happening is
>that
>> anyone who speaks or writes negatively about government is subject
>to
>> harassment and entrapment. We know because government has already
>tried
>> unsuccessfully to use it against us.
>> In our latest insanity, the US Postal Service is honoring EID Muslim
>> holiday season with a commemorative first-class holiday postage
>stamp. The
>> stamp should be boycotted.
>> Get ready for the administration to blame the cost of energy for the
>> fading of the recovery. The Fed and the Bush neocons were too early
>in
>> their timing. They have nothing for an encore except not raising
>interest
>> rates and the Fed pumping $2 to $3 trillion into the economy,
>> The Bush neocons are well on their way to dismantling the anti-trust
>> laws in our country. Mergers and acquisitions abound as the
>consolidation
>> of companies continues leading to more and more concentration. Any
>strong
>> company is fair game for internationalist corporatist interests. The
>> profitable assets are removed, the carcass sold off and its
>employees left
>> without jobs. Retirement funds and benefits are cut or lost, as is
>present
>> and future healthcare. The mergers in telecommunications and the
>media are
>> affected to kill the chance of any real news being reported.
>Halliburton,
>> Bechtel and the Carlyle Group are running our country. There is no
>> integrity left in journalism and anyone who reports the truth is
>hounded
>> into silence. Today America is a scary place and we don't see any
>> improvement anytime soon.
>> The Bush neocons, in a major policy reversal, signaled its readiness
>> to accept Islamic theocracy in Iraq. Colin Powell said,"We will
>have to
>> accept any free and fairly elected government." We believe this is
>to
>> insure that a new Iraqi administration will be set up by June 30 as
>a
>> sovereign government supported by a new UN resolution, which will
>speed up
>> the neocons exit strategy.
>> Our purchased Congress has again thwarted the will of the American
>> people. It has summarily dismissed Eliot Spitzer's exposures and
>more than
>> a dozen Congressional hearings on five bills that should have
>reformed the
>> worst mutual fund scandals in sixty years. Congress has again
>ignored all
>> the evidence and accepted the payoffs from the fund and brokerage
>> industries, leaving 95 million investors in the hands of these
>greedy
>> crooks. These are the same investment professionals who lost 43% of
>> investors' assets between 2000 and 2002, while they raised their
>> compensation 25%. Incidentally, for new readers we got all of our
>> subscribers out of the market in April 2000. Congress' lack of
>action
>> allows these crooks who control massive financial assets to continue
>> skimming off the top. Lean on your representatives in Washington
>and if
>> they do not listen make sure they are not reelected.
>> An investigation into one of the biggest corruption scandals in
>> history is being hampered by the US-led administration in Iraq
>according
>> to our Congress and officials in Baghdad. The actual review of the
>records
>> has been delayed for weeks and documents are being altered or
>destroyed.
>> At least $11 billion has gone into the pockets of 270 people and
>> organizations. The elitist, Mr. Bremer, pro-counsel of Iraq,
>intervened
>> in March, saying he would not release funds to pay KPMG, the
>auditor,
>> which had already made substantial progress in locating documents
>in Iraq,
>> unless the contract was put out to tender. This is interesting,
>inasmuch
>> as few contracts have been put out to tender in Iraq. All the
>business
>> went to neocon cronies and other financial contributors. KPMG was
>finally
>> appointed and will be paid about $6 million for the effort. Then
>the CPA
>> decided it would appoint its own auditors to investigate
>allegations and
>> Ernst and Young were set to work as well. Many in Congress are angry
>> because it is obvious Bush and the neocons are trying to destroy
>all the
>> evidence. The IGC, with the help of KPMG, had already located
>billions of
>> dollars that came out of illicit oil-for-food profits in Middle
>East bank
>> accounts. Americans, because of this theft, more of your hard-
>earned tax
>> dollars had to be spent.
>> Surprisingly Alan Greenspan is going to stay as Chairman of the
>Fed, as he
>> was re-nominated by George W. Bush.
>> Forrester Research says it expects 1.6 million office jobs to have
>> moved to India and other foreign countries by the year 2015. Office
>and
>> computer jobs will lead the march, costing 3.4 million more US jobs
>and
>> more than $151 billion in wages. 542,000 computer jobs are next on
>the
>> list, followed by 356,000 businesses and 259,000 management jobs.
>Overall,
>> about 6.4% of jobs in vulnerable categories will be outsourced in
>the next
>> 11 years. Are you listening America? Your jobs, your livelihood, the
>> future of your children are being destroyed by the elitists to make
>> America a second world country. Climb all over your members of
>Congress.
>> If you do not, your family will either starve to death or you will
>be
>> forced to fight in the streets.
>> The BIS derivative survey reveals that, as of 12/03, the global
>> derivatives market amounted to $234 trillion of notional contracts,
>of
>> which 75% or $175 trillion are interest related, and 80% or $142
>trillion
>> of these are on the OTC market. That is 2.7 times higher than when
>LTCM
>> blew up in 1998. This means the global economy produced $22 in
>> interrelated risk transactions for every $1.00 of estimated growth
>in its
>> physical counterpart in 2003, which denotes a financial system
>totally out
>> of control. After reading this, if you do not think we are in
>trouble
>> there is something certainly wrong with your thinking process.
>> The NASD reprimanded Morgan Stanley, Bear Stearns and Deutsche Bank
>> and ordered them to collectively pay a fine of more than $15
>million. They
>> gave special clients shares of hot IPO's. For this the banks
>accepted
>> outrageous commissions. That is where all these hot IPO's went that
>> couldn't get any of.
>> As the current account deficit approaches $600 billion, the US needs
>> to attract a net $2.7 billion of overseas capital every single day.
>> Overall, debt stands at 163% of GDP. This is beyond imagination.
>> They once put bookmakers in jail, as gambling was once considered a
>> vice. Today it is a savior for many states that are rolling the
>dice and
>> hoping lotteries, slot machines, and casinos will create income,
>jobs and
>> healthier budgets. Hesitant to raise taxes, particularly in an
>election
>> year, 24 states have looked at gaming proposals this year to boost
>> revenues and help pay for education, health care and other basic
>> necessities that states provide. Today there is gambling in 23
>states
>> which have casinos owned by American Indian tribes. Gambling is
>insidious
>> and there is no question it draws crime. It is a tough trade-off but
>> unfortunately people are going to gamble anyway, so the proceeds
>going to
>> good causes aren't all that bad.
>> Apprehension continues to grow as it becomes very obvious that the
>> Fed has to raise interest rates. They would have been raised by now
>but
>> this is an election year and the Fed is illegally doing all it can
>to
>> assure the reelection of George W. Bush and his neocons. Treasury
>debt is
>> spiraling upward and the Fed's creation of aggregates is exploding.
>That
>> has caused real market interest rates to rise 1-3/16% over the past
>two
>> months, which has caused large bond market losses. This has led to
>capital
>> repatriation by foreigners in anticipation of even higher rates.
>Just as
>> powerful has been the unwinding of the carry trade, which has
>caused the
>> dollar to strengthen in an unusual manner. Most professionals do
>not as
>> yet realize it but this is the beginning of the popping of the bond
>bubble
>> and the beginning of the re-decent of the dollar. As the carry trade
>> unwinds and moves to cash, other bubbles will burst in real estate
>and in
>> the stock market, both of which will not occur in a visible way
>until
>> after the election. The carry trade is when you borrow money at 1%
>and buy
>> Treasuries at 4%. If interest rates are moving higher, you are
>taking
>> capital losses in the underlying bonds, which neutralize your gains
>or
>> cause you losses. The exit from the carry trade is in anticipation
>of
>> higher interest rates. The bubbles will break so fast after the
>election
>> that peoples' heads will be spinning. They just will not believe
>what is
>> happening to them as Societe General, the Paris banks says,"We see
>a
>> confluence of ominous events. A slowdown in US economic demand may
>be
>> unavoidable - cooling Chinese demand - under weighting global
>> manufacturing demand." Just add in higher interest rates and you
>have the
>> beginning of a horror story.
>> Yes, there is a mountain of debt and yes, a credit bust is going to
>> happen in the US, but not until the election is over. The Fed has
>the
>> power to temporarily delay the events, particularly in the stock
>market by
>> increasing funds available via the repo market. The tidal wave of
>credit
>> to US households, particularly in mortgages, home equity loans and
>credit
>> cards will not go onerously up in cost until later this year. As the
>> credit flow contracts due to higher costs, borrowers will pay down
>debt,
>> or go bankrupt. That will slow the economy forcing house prices
>down,
>> creating a loss of equity and ending the wealth affect. The ultimate
>> result will be a depression worse than the 1930's. We would be
>surprised
>> if the Fed raises rates on June 29-30. We expect them to rise in
>August.
>> From 1993 to 1995 rates doubled but the debt situation was 20% of
>what it
>> is today. For starters, we expect a move up in interest rates in
>2004-2005
>> from 3.65% on the 10-year Treasury note to 7-1/2%. If the Fed
>continues
>> its aggregate creation at current levels, which they say they will
>and
>> then some, then we can expect much higher rates as inflation soars
>past
>> 12%. Remember that in 2000, a 1.75% increase in rates brought the
>market
>> down 43% and NASDAQ down 70%. Can you imagine what a four-point
>increase
>> will do? The indications of excesses in prices are everywhere even
>though
>> our government lies about it. Looking at the value of residential
>real
>> estate as a percentage of personal income shows the ratio to be
>182%,
>> which is over 20% higher than its last peak in the late 1980's.
>Mortgages
>> are about to rise back up to historical levels. The 20-year average
>has
>> been 8.6% and we predict 8-1/2% by the end of 2005 and even higher
>rates
>> after that if the Fed continues to pump over a trillion a year into
>the
>> economy. However, home equity is now 55% versus the 20-year average
>of
>> 61%. Service of this debt is at a much higher level than in years
>past.
>> Plus, today some 30% of mortgages are ARMS, which have adjustable
>rates,
>> and 45% of mortgages are sub-par. Loans that should never have been
>made
>> to begin with. It should be noted that mortgage related assets now
>account
>> for 59% of banks' earning assets, up from 30% in the mid-eighties.
>That
>> means bank earnings will plunge next year. Even with zero percent
>> financing, automakers see declining sales. A four-point rise in
>interest
>> rates will force the end of zero financing and auto and truck sales
>will
>> plunge. Avoid these manufacturers at all costs. In the fall, short
>them
>> because they will get crushed. Some will not make it. Alan
>Greenspan has
>> done the unforgivable and we will get to pay for his actions in
>behalf of
>> his elitist masters.
>> The average computer programmer in India earns roughly $10.00 an
>> hour, compared to more than $60.00 per hour for the average American
>> computer programmer. Keep up off shoring corporate America and you
>soon
>> will not have anyone in the US to sell to.
>> Almost two-thirds of 1.6 million civilian full-time employees of our
>> government received merit bonuses or special time-off awards in
>fiscal
>> 2002. They ranged from less than $100 to over $25,000. 2,900
>received
>> bonuses of more than $10,000 each. Civil service specialist said the
>> proliferation of bonuses reinforces a common belief that many
>federal
>> workers are rewarded for little more than showing up. We call this
>buying
>> votes. The National Science Foundation, DOC and CSA gave bonuses to
>more
>> than 90% of their workers.
>> American Express is under investigation for fraud by not disclosing
>> certain revenue sharing arrangements with mutual fund clients.
>> Federal and state prosecutors are investigating Charles Schwab for
>> fraud and market timing and late trading of mutual funds.
>> The California Senate approved legislation by a 36-2 vote and sent
>> it to the assembly to warn consumers when spyware was added to their
>> computers when they buy software. These programs track what web
>sites you
>> visit, may steal your passwords, access your financial information,
>log
>> your keystrokes, bombard you with pop-ups, track your purchases and
>> remotely report your activity and personal information to a third
>party,
>> which includes our government. Maybe this will get our purchased
>Congress
>> to act.
>> Saudi Arabia, a subject nation of the US and UK, has pushed for
>> higher oil production as a result of pressure from governments and
>> international elitist corporations. As Hugo Chavez, Venezuela's
>president
>> has said,"In my opinion it would be a very bad message for OPEC to
>give
>> into pressures and then increase production. No, OPEC should say to
>the
>> big consumers, let's sit down at the table and let us talk about the
>> causes in the increase in prices." Of course, the major users have
>no
>> intention of doing that.
>> The MBA says weekly mortgage activity for the week ended 5/14/04
>> fell 11.9% to 654.1 from 742.2 the previous week; 30-year fixed
>mortgage
>> rates fell 11 basis points to 6.21% and they are still up 104 BP
>from last
>> year. The MBA purchase index, a gauge of new loan requests for home
>> purchases, fell by 8.1% to 454.2 after hitting its second highest
>level at
>> 494.3 the previous week. The high was 501.6 on 1/16/04. The
>refinancing
>> index fell by 16.8% to 1,816.9 from the previous week's 2,184.6, the
>> lowest since January when it was 1,755.4.
>> The aggregate number of jobs sent overseas to-date will pass 500,000
>> this year and reach one million by 2006. Most are being farmed out
>by
>> Fortune 1,000 companies contrary to public belief. US transnational
>just
>> do not want the public to get the facts on how they are destroying
>> America. In just the next 1-1/2 years management will lose 42,000
>jobs;
>> business 120,000; computing 203,000; architecture 54,000; life
>sciences
>> 5,500; legal 23,000; sales 47,000 and office 475,000 for a total of
>> 963,500 jobs and that is only with Fortune 1,000 companies. The
>economic
>> destruction of America goes on unabated.
>> Tuition at 15 well-regarded colleges is about to rise again next
>> fall far above the so-called inflation rate. Stanford will increase
>4.5%
>> to 11.1% for out-of-state students at the University of Washington.
>The
>> average is 5.5%. This is a reflection of higher medical costs,
>salaries,
>> student aid, and prestige - the more expensive the better it is. In
>2003,
>> 50% of all undergraduates received some grant aid that never needs
>to be
>> repaid. Sixty percent receive some sort of financial aid. In 31
>elite
>> schools the total cost including room, board and other expenses
>averaged
>> $37,940; 49% of students received need-based grant money. The
>average
>> award was $18,161. More disturbing from our point of view is that
>40% of
>> those in college do not qualify or belong there.
>> Eight Cape Cod, MA companies sued the US government and a state
>> labor agency in an effort to increase the number of visas granted
>for
>> temporary foreign workers to more than 100,000 this year from
>66,000 in
>> 2003. The claim is government unfairly prevented businesses from
>obtaining
>> the visas they need to increase their staffs during the spring and
>summer
>> season. Business is crying because they cannot get slave labor to
>increase
>> their profits. These foreign workers suppress the wages of all
>American
>> workers. Business should increase wages and they will have no
>trouble
>> getting domestic workers.
>> Consumer prices rose in the first four months of the year at a 4.4%
>> annual rate, compared with a 3% gain last year. Core prices that
>exclude
>> food and energy increased 3% versus 0.9% in 2003. As a result five
>and
>> ten-year US Treasuries have produced a loss of 5.6% over the last
>seven
>> weeks. The difference in yield between the current 10-year note and
>the
>> 10-year TIPS, has widened to 2.74%, the biggest gap since the US
>started
>> selling TIPS in 1997. The low gap was 2.15% on 1/15/03. The five-
>year
>> average is 1.89%. The Fed's overnight bank lending rate is the
>lowest
>> since July 1958. Much more inflation is on the way.
>> From a top administration official:"We assume an attack will happen
>> leading up to the election and it will happen in Washington. An
>attack in
>> Washington and in other major cities." This confirms our very
>> controversial prediction and position of several months ago that if
>Bush
>> looks as if he may lose the election, we will have terrorist
>attacks.
>> The diversions have been in place to mislead the public - drawing
>> them away from the real problem, the US and world economies. That
>is what
>> 9/11; Afghanistan and Iraq are really all about. Now that finance
>and
>> economics are interconnected, country-to-country, the financial
>chaos can
>> be shared with the rest of the world. Shortly official US interest
>rates
>> will rise and the collapse gets underway. Commodities, gold, silver
>and
>> bonds have had steep corrections as of late. Interest rates on the
>10-year
>> Treasury note are up over 30%. Consequently, all debt paper
>interest rates
>> have risen as much if not more. Were it not for the manipulation of
>the
>> stock market it would most certainly be lower, but we are now
>experiencing
>> the power of corporatist fascist government. This market power will
>weaken
>> later this year. Rates will rise; bonds, the market and real estate
>will
>> fall. Of course, gold and silver will rise.
>> The Supreme Court will rule in June on whether to allow Mexican
>> trucks full access to American highways by overturning a ruling
>from the
>> 9th Circuit Court of Appeals in California. This was supposed to be
>> accomplished nine years ago. Yes, many Mexican trucks are unsafe
>and carry
>> drugs and yes, some need pollution equipment upgraded. The real
>reason is
>> trucking competition with US carriers. Many of the trucks on the
>border
>> with the US from Mexico are very dirty, but so are US freight hauler
>> vehicles. The result is major border contamination. The drugs of the
>> Mexican trucking fleet crossing the border have higher inspection
>failure
>> rates, 37%, then US trucks, 24%. Otay Mesa, near San Diego, which
>we have
>> used hundreds of times, is a major entry point for Mexican trucks
>into
>> California. With a state-of-the-art border inspection station, the
>failure
>> rate for Mexican trucks was 22%, slightly better than the 24% for US
>> trucks. Safety, jobs, money and US unions are really the issue. US
>> regulatory rules and regulations are a pretext to protect American
>> interests. We signed the treaty and now we do not want to live up
>to it
>> after we virtually destroyed Mexican agriculture. NAFTA has been a
>failure
>> and should be ended.
>> It looks like Alan Greenspan has decided to try to be the
>> longest-serving Chairman of the Fed. Bubbles, as he is known among
>his
>> elitist friends, will surely be the most famous bureaucrat since
>Pontius
>> Pilate, who also loyally served another fascist government,
>Imperial Rome.
>> If Sir Alan lives, he will go down in history as the man who
>destroyed not
>> only the US, but also the world economy. The appointment also means
>that
>> interest rates will be raised in August at the earliest and maybe
>not
>> until after the election. As we told you before, cover your shorts
>the
>> elitist with the help of Sir Alan will attempt to take the Dow to
>14,000.
>> Under the cover of that move the conspiracy could care less if gold
>goes
>> over $500. That is the way it is going to be, because all our
>markets are
>> rigged.
>> Last week Freddie Macs 30-year fixed loans were 6.30%, down from
>> 6.34% the previous week. Arms rose to 3.99% from 3.9%. Refinancing
>was off
>> 17% and applications for home purchase loans dropped 8%. The
>application
>> index is down 56% from a year ago. Refinancing has fallen to 37.4%
>of
>> total applications, up from 34.8% a week ago.
>> If ratified by the US Senate, the proposed new extradition treaty
>> between the US and Britain will strip Americans of the protection
>of the
>> US Constitution and the Bill of Rights and rob them of their
>liberties.
>> The treaty would be retroactive in application and will also
>eliminate any
>> statute of limitations. The treaty supposedly deals with combating
>> terrorism, organized crime, money laundering. Buried deep inside is
>> language that would strip Americans of all their rights. Some of the
>> language includes, such items and assets may be surrendered even if
>the
>> extradition cannot be carried out due to death. They can extradite
>if the
>> request is for political reasons and even if no federal law has been
>> violated. You can be provisionally arrested and detained for 60
>days upon
>> request by the UK. Those requested by the UK for extradition would
>get no
>> judicial review. Our President would make the final decision.
>Although no
>> crime has been committed and no charges bought, the assets of the
>> so-called offender could be seized at the direction of the British
>for
>> their benefit. How's that for a fascist police state? Two-thirds of
>the
>> Senate must ratify the treaty. It does not go to the House; it goes
>> directly to the President. It is suspected that the real target of
>the
>> treaty is the Irish-American community. Anyone, under the treaty
>who is
>> critical of Britain, or the Royal Family, as we are all the time,
>could be
>> extradited and or prosecuted. The British make the request one day
>and you
>> are on the plane to London the following day. You would be picked
>up by
>> British security forces and be designated for torture similar to
>that used
>> in Iraq. This subverts and destroys the meaning of the American
>> Revolution.
>> Never before in monetary and fiscal history has a government been
>> more irresponsible with its citizen's money and never before has the
>> Federal Reserve done more to undermine our standard of living and
>steal
>> our wealth via inflation, and lie about it. This increased
>government and
>> private action in the economy is known as corporatist fascism. It is
>> manipulation of all markets as tools of economic warfare against
>American
>> citizens. We now need some $1.8 to $2 billion dollars a day to be
>loaned
>> to us by foreigners, mostly foreign central banks. Globalization has
>> brought us cheaper prices for goods, particularly from China, but
>this is
>> a cover for the outsourcing of industries and jobs from every
>sector of
>> the American economy, that can only end up in the entire
>destruction of
>> the economy. The entire structure of America is being changed to
>turn it
>> into a second world country. Cheap prices and excessive credit
>expansion
>> has not and will not create new investment and permanent wealth. The
>> created capital is going into financial assets that contribute very
>little
>> to American growth. This monetary policy will next create wage
>inflation,
>> which in turn will accelerate inflation, which is already 9.5%, not
>the
>> 3.5% the Fed would have us believe. As prices move higher, wages
>have to
>> move higher. If for some reason they do not move higher, then
>inflation
>> would reverse and we would have deflation. Sir Greenspan cannot
>have that,
>> so look for large wage increases over the coming months. England,
>which
>> usually mirrors what will happen to us by six months to a year,
>just saw
>> wages increase 5.4%. Be patient those higher wages are on the way to
>> further feed inflation. Watch the UK economy. That is one of the
>reasons
>> we report on it. As soon as the increase in wages ends, then
>reflation
>> will end. In England, that is six months to a year away. In the US,
>it is
>> a year to two years away. Simultaneously interest rates will rise,
>putting
>> downward pressure on those artificially puffed-up financial assets.
>Thus,
>> next year you will have rising inflation and falling prices, truly
>the
>> worst of all worlds, because inflation will soar. In 2005 and 2006,
>> finally Sir Alan Greenspan will watch the trap close. There will be
>no
>> monetary escape and deflation will begin in a way not seen for
>centuries.
>> At that point, the Fed would monetize debt by buying, as the buyer
>of last
>> resort, massive amounts of US Treasury paper. Once the Fed has
>exhausted
>> itself, then default would come and the world would enter a period
>of
>> monetary darkness and the world financial system will collapse.
>> In order to find an easy way to fire employees, companies are
>> checking personal e-mail accounts to see if employees are accessing
>them
>> during work hours. If they are they are gone.
>> Due to offshoring and lower vehicle sales, major auto manufacturers
>> are forcing contract houses to take a near 50% cut in billing rates
>or
>> lose the business. New year will be a disastrous year for auto
>producers.
>> No matter what happens in Iraq, the Bush neocon cabal in Washington
>> will not let go of control of Iraq oil revenues. A condition for a
>> sovereign Iraq government is US and UK control of those revenues.
>Those
>> revenues will exceed $16 billion this year and UN Security
>Resolution 1483
>> passed last year, gives the US total control of the money from oil
>sales,
>> which is the only source of income for the country. The money goes
>into
>> the Development Fund for Iraq, which is currently run by US pro-
>council
>> Paul Bremer's CPA, Coalition Provisional Authority. All but one
>member are
>> foreigners. The elitists will loot this fund of billions of dollars
>for
>> years to come. Even the oil-for-food racket, where it has been
>exposed
>> that billions have been stolen, is still in operation and the
>looting is
>> still going on. The $1.8 billion taken from the fallen dictator
>Hussein
>> now resides in the Federal Reserve Bank in NYC, ostensibly to be
>looted by
>> the elitists. All these funds are earmarked for the Iraqi people,
>but we
>> can promise you a good part of them will be stolen. The total of
>funds on
>> deposit now is about $7.3 billion and no one knows where any of the
>funds
>> are going because it is a secret, like so many things in our fascist
>> government. We could guess a major portion of the funds are being
>> disbursed to CFR elitists companies, such as Halliburton, Bechtel
>and
>> other"contract mercenary companies", part of which will flow to
>the men
>> running the show. What is worse is Congress knows exactly what is
>going on
>> and does nothing to stop it. That may in part be because the CPA
>has been
>> exempted from any investigation by the Government Accounting Office
>or any
>> requirement to appoint an inspector general, as mandated for all
>> government agencies by law. In Iraq, American personal have been
>stealing,
>> taking bribes and using extortion on the Iraqi people as well as
>torturing
>> them. Some of our military, mercenaries, bureaucrats and elitists
>are
>> undoing in a few short years the good will and fair-handedness
>America had
>> built up over the past 225 years. We have become another scummy
>nation.
>> The Bush neocons ordered inactive reservists to report for active
>> duty again and the resistance was so great they rescinded the
>order. What
>> the Pentagon is doing is screening inactive reservists for possible
>> call-up. They could be called up involuntarily for as long as 4
>years. As
>> a result, soldiers are joining guard and reserve units to avoid
>call-ups.
>> Of course, Congress knew nothing of the plan, because the imperial
>White
>> House operates in secrecy. The screening process is almost complete
>and
>> 22,000 medics, truck drivers, and heavy equipment operators have
>been
>> identified for call-up. Commitments by the White House for on-going
>> conflict has put tremendous pressure on the Army and to some extent
>the
>> Marines and have stressed them out completely. The inactive
>military are
>> being told by recruiters that they should join the guard rather
>than be
>> sent overseas if re-inducted. Young people are being told that very
>bad
>> things would happen if they did not join the guard. We have news
>for all
>> of them. As long as George W. Bush and the neocons run Washington
>we will
>> have war, they will be deployed into the Middle East and their will
>be a
>> draft for both girls and boys.
>> Yes, we were right again and we are not going to gloat over someone
>> else's misfortune even if they are evil. The Lord takes care of
>> retribution for us. A Delaware judge ordered disgraced elitist
>newspaper
>> baron Lord Conrad Black and the holding company he controls to pay
>back
>> $30 million. We beg forgiveness for being off by $2 million. A
>recently
>> amended lawsuit is being filed by Hollinger International, which
>accuses
>> Black and other former executives of violating Rico statues, and is
>> seeking to recover $1.25 billion. How could we have missed that? It
>just
>> goes to show you, we are not perfect. I hope that in the end Lord
>Black
>> and his ilk will be put permanently out of commission in the
>business
>> world. Now we need to catch more of these white-color thugs.
>> There are few tax breaks for America's poor. Those making under
>> $40,000 a year. Yet, Congress is considering a bill to provide tax
>breaks
>> for families earning as much as $309,000 a year. It is part of the
>House
>> tax-cutting spree that could add $500 billion to the deficit over
>the next
>> ten years. The House would not only make permanent the $1,000 per-
>child
>> tax credit enacted as part of the 2001 tax cut, but would
>dramatically
>> increase the income limits for eligibility; currently, married
>couples
>> with incomes of up to $110,000 receive full credit. The bill would
>> increase that to $250,000. Families with two children would go to
>$289,000
>> and with three children $309,000. This is unnecessary, misguided and
>> irresponsible by Congress, which is emulating Mr. Bush who gets
>away with
>> everything. The Republicans propose these insane measures and the
>> Democrats act as if they were frozen in the headlights in the dead
>of
>> night. For families earning less than $10,750 the House will give
>nothing.
>> A two-child family making $150,000 to $250,000 get a $22,000 extra
>tax
>> break. Someone has to show us how that is fair.
>> It won't be long before higher gasoline prices change people's
>> driving habits. Due to environmental considerations, refining
>capacity has
>> fallen 50% over the past twenty years. The forces in Iraq are
>eating US
>> gasoline at an astounding rate while our government buys large
>quantities
>> of oil to fill the strategic reserve.
>> Word reaches us that the Oil-for-Food Program in Iraq has been
>> looted for years. Congress was hoodwinked and the Bush neocons,
>elitists
>> all, refuse to expose it for fear it would destroy the UN. The
>embezzled
>> figure is now over $10 billion. What was used was tainted food and
>> outdated medicines. The report on the larceny and kickbacks is
>phenomenal.
>> The major players were Kofi Annan and his son Kajo and Benon Sevan,
>> Executive Director of the program.
>> It has been revealed that Matrix, a database contractor, gave US and
>> Florida authorities the names of 120,000 people who showed
>statistical
>> likelihood of being terrorists, sparking some investigations and
>arrests.
>> Seisint has been appointed sale contractor on the federally funded
>$12
>> million project. Matrix is, Multistate Anti-Terrorism Information
>> Exchange, which combines state records and data culled by Seisint
>to give
>> investigators fast access to information on crime and terrorism
>suspects.
>> It casts a wide net that includes just about everyone, violating
>their
>> Civil Rights. A number of states in the program have withdrawn for
>this
>> reason. Matrix has four billion records. Law enforcement says the
>system
>> has been scrapped, but because of the perpetual lying, that comes
>out of
>> government, we wonder if in fact it has been dumped.
>> Key legal decisions made in the aftermath of 9/11, included a
>> declaration not to grant any al Qaeda and Taliban fighters prisoner
>of war
>> status under the Geneva Convention and this laid the groundwork for
>the
>> interrogation abuses that have recently been revealed in the Abu
>Ghraib
>> prison in Iraq. Internal memos from the White House show that
>> administration lawyers were privately concerned that they could be
>tried
>> for war crimes themselves based on the actions the administration
>was
>> taking, and might have to take in the future to combat the terrorist
>> threat. We believe that there is a good chance of war crimes trials
>if the
>> administration pulls another terrorist event, and declares Martial
>Law.
>> The Executive and Congress cannot get away with dictatorial
>government in
>> America. There are 450 million guns in the country and government
>would
>> force endless insurgent warfare for years, just as we now are
>witnessing
>> in Iraq. Eventually a dictatorial government would fall and all the
>people
>> you now see running the wars would be executed.
>> As former military, we know that allowing patterns of abuse and
>> torture to metastasize in any army annihilates its morale and
>> effectiveness. Most people are decent human beings and engaging in
>such
>> activities destroys the morality of what they are directed to do.
>These
>> men, like us, hold abusers and torturers in contempt. What is going
>on is
>> in direct conflict with the engrained standards and traditions of
>the US
>> Army. It starkly shows what monsters George W. Bush and his neocons
>really
>> are. They have allowed a descent into barbarism. All decent people
>recoil
>> in disgust in such a method of conducting warfare. In and of itself
>> warfare is a horrible experience, abuse and torture just magnifies
>> everyone's suffering.
>> Convicted criminal and number one Bush neocon-man in Iraq, Ahmad
>> Chalabi, has lost his elitist funding, Chalabi's Iraq National
>Congress
>> has lost its $340,000 a month funding from our tax dollars. We also
>know
>> that the CIA had been secretly funding Mr. Chalabi, even though his
>group
>> never supplied anything of value. Every intelligence report the INC
>> produced was worthless.
>> The House and Senate have agreed on a $2.4 trillion 2005 budget
>> plan, which may well not pass in the Senate, because of the one-year
>> extension of tax cuts. Even if passed in 2006, pay-as-you-go-rules
>would
>> be reimposed. If not passed, taxes would rise. Simultaneously a
>request
>> for a $25 billion war slush fund is being debated. The proposed
>budget
>> plan if passed would cost $689.9 billion and would mean, as we
>predicted,
>> that the current $7.38 trillion limit would be reached in
>September. We
>> expect before the election that Congress will have to increase the
>debt
>> limit to $8.5 to $9.0 trillion. There is absolutely no fiscal
>control left
>> in Washington. It is a government gone mad.
>> America certainly loves living beyond its means, but late this year
>> that Cinderella existence will come to an end. The free lunch will
>soon be
>> over. All illusions eventually end.
>> Stock analysts, regardless of experience, will be tested by next
>> April. How can you test a person who has been analyzing for 20 to
>45 years
>> and tell him he is out of a job because he did not pass a test.
>Series 86,
>> tests basic tools of the trade and Series 87 focus on regulations
>and
>> conflicts-of-interest disclosure. This is truly ridiculous.
>> It has now been reported the Bush neocons man in Iraq, Ahmed
>Chalabi is
>> suspected of spying for Iran on US troop positions and of
>kidnapping a
>> prominent physician from his home. Every time we see media coverage
>on
>> Chalabi, they always fail to mention he is a convicted bank
>embezzler. For
>> months there have been complaints of INC members impersonating
>police
>> officers, breaking into homes and carrying out robberies. Four INC
>> officials have been arrested on robbery charges.
>> Some time before September, you might consider going long the
>> Australian dollar versus the US dollar. The December 74-cent
>Australian
>> dollar calls (ADZ4C740) can be purchased for $750 or lower. If
>filled,
>> your risk is $750 and your potential profit at 7950 is $4,750. This
>is a
>> VERY dangerous trade, but for those who understand the risks it
>could be a
>> good one.
>> In the new world order, biochips will be the order of the day. Put
>> beneath your skin they cannot be stolen. They can access ATM's, pay
>bills,
>> sign contracts, verify your identity and locate your lost or
>kidnapped
>> children. Satellites can locate you anywhere in the world. If you
>say
>> anything critical of the government your chip won't function and
>you and
>> your family will go bankrupt and starve to death.
>> Even if the Fed raises interest rates they still are responsible for
>> a continuing expansion of aggregates, directly and indirectly, of
>over $1
>> trillion a year. Inflation is 9.5% and is guaranteed to be 12% plus
>by the
>> election. From 1973 to 1981, the Fed raised rates, but it was too
>late,
>> like it is too late now, too much money was in the system and this
>time it
>> is still pouring in. In the meantime, the fiat un-backed dollar is
>being
>> destroyed. Even though the dollar and the stock market has rallied
>in six
>> months they will be headed down again. That brings us to the
>antithesis of
>> the fiat dollar, the only real money in the world, gold. The US
>stock
>> market is valued at $13 trillion, the bond market at $22 trillion
>and the
>> world markets at about $100 trillion. The value of all the gold
>shares in
>> the world is $200 billion, which is smaller than a number of
>separate US
>> companies, such as GE. That means there is a lot of money in
>investments
>> that could easily go into gold shares. Higher interest rates won't
>help
>> unless they are exceedingly higher, and inflation at current or
>higher
>> levels will last a minimum of 1 1/2 years.
>> The Defense Department, Mr. Donald Rumsfeld, has proposed using US
>> Internal Revenue Service data to trace down reservists with which
>they
>> have lost contact. Our President, of course, is anxious to approve
>the
>> amendment to the tax code to legalize the practice. Troops are
>obligated
>> to keep the military informed with update contact information, but
>34% of
>> former soldiers cannot be tracked.
>> Arizona has 67,000 gun owners legally carrying concealed weapons.
>> Typically they are white middle-aged, 20% are female and 52 pistol-
>packing
>> women are over 80. In Maricopa County one of every 56 people are
>packing.
>> One in every 82 Arizonans can legally carry a concealed weapon, 99%
>of
>> permit holders are white, including Hispanics, 13,500 women have
>permits,
>> and 25% of holders are 50-59 years old. An armed citizenry is a free
>> citizenry.
>> Mr. Bush and his neocons have violated two federal laws through part
>> of its publicity campaign to promote changes in Medicare intended
>to help
>> older Americans afford prescription drugs. Federal money was spent
>> covertly to produce propaganda videos about Medicare charges that
>were
>> made to look like reports. The device was designed to provide less
>help to
>> Medicare patients and help pharmaceutical and managed-care
>companies. This
>> is another example of misrepresentation, deceit and more violations
>of the
>> law.
>> Junk bond funds saw an outflow of almost $1 billion last week,
>> following $2 billion the previous week. GM and Ford were among this
>> months' worst performers; GM dropped 7.4% in May, the worst return
>of
>> 3,749 bonds.
>> M3 added $3.2 billion. Year-to-date, 19 weeks, broad money is up
>> $353.1 billion or 11% annualized.
>> ABS issuance was strong, $16 billion with year-to-date issuance of
>> $216 billion, running 28% ahead of comparable 2003. Home equity ABS
>> issuance is running up 72% from a year ago to $122 billion.
>> Total credit expanded $4.0 billion to $6.52 trillion as of 5/12/04.
>> Bank credit is up $274 billion during the 19 weeks of the year, or
>12%
>> annualized. Real estate loans were up $163.0 billion, or 20.1%
>annualized.
>> Commercial paper jumped $10.8 billion to $1.346 trillion, the
>highest
>> level since early last August. YTD commercial paper is up $77.9
>billion or
>> 15.9% annualized.
>> Fed foreign custody holdings of Treasury and agency debt rose $7.0
>> billion to $1.20 trillion. YTD Custody Holdings are up $133.0
>billion, or
>> 32.4% annualized.
>> Well, the Bush girls are graduating from college, Barbara from Yale
>> and Jenna from the University of Texas at Austin. Barbara has a
>degree in
>> humanities and Jenna in English. Except for one incident, the 22-
>year-old
>> sisters have stayed out of the limelight. Barbara lived on the same
>> residential college, Davenport College, as her father. Yale divides
>each
>> class among 12 residential colleges, each with its own dorms, dining
>> halls, sports activities and coats of arms. Davenport's coat is
>three
>> crosses and a chevron in black on a white shield. Like their
>mother, the
>> twins joined the Kappa Alpha Theta Sorority. Barbara being most
>like her
>> father was one of the 13 anointed to be accepted into the Satanic
>Skull &
>> bones Order of the Illuminati. This secret society for Yale seniors
>> previously has had as members, Barbara's great-grandfather,
>grandfather
>> and father. Both children plan to get jobs via their father's
>friends with
>> Council on Foreign relations and attend graduate school. Barbara
>has a
>> summer job at a fashion house and Jenna at a public relations firm.
>They
>> are both prime for our new selective service draft scheduled to be
>> implemented next year. It will be interesting to see if they will be
>> drafted and join our boys and girls in the Middle East.
>> Forecasting the financial and economic future is not going to be
>> simple. Changes take place at the speed of light and if you cannot
>figure
>> out what the enemy is going to do before he does it, you are going
>to be
>> wrong and a loser. This is the art of psycopolitcal warfare,
>psywar, if
>> you may. We will have to get inside the elitist heads so we can
>make the
>> right moves and few people are equipped to do this. This is why we
>have
>> worked long beyond retirement to bring you the benefit of our
>knowledge
>> and hopefully we will continue to be correct. Make no mistake a
>crash
>> landing is guaranteed for America in finance, economics and
>socially and
>> politically. There is no way out. Global central banks are madly
>inflating
>> trying to stave off deflation and depression and they are
>guaranteed to
>> fail. We are sure because history tells us so. Every time a nation
>has
>> tried to inflate their way out of deflation, they have lost and so
>will
>> Sir Alan Greenspan. Sir Alan has been successful over the past
>couple of
>> years in exporting his credit bubble worldwide. Unfortunately,
>today most
>> economists worldwide have very little experience or have studied the
>> history of credit booms and that is because"it could never happen
>here
>> again." CPI, PPI, GDP unemployment etc. are the figment of some
>> bureaucrat's imagination in Washington. It has gotten so that our
>> government never tells us the truth. These economists, whose claim
>to fame
>> is that they are correct-one-third of the time, don't have a clue
>to what
>> is really going on. Nothing happens by chance, there are no
>coincidences,
>> and all markets are rigged. Free trade and globalization didn't just
>> happen. They were planned to take place. They were planned to
>destroy the
>> US economy, as we have known it, so that Americans would be forced
>to
>> accept world government. The underlying structure of our economy is
>being
>> deliberately destroyed. All the money and credit being poured into
>the
>> economy by government deficit spending and by aggregate creation by
>the
>> Fed is going into financial assets. It is not being used to build
>and grow
>> the American economy. Goods and services inflation was suppressed by
>> manufacturing offshore and outsourcing and this allowed the
>promotion of
>> asset price inflation to create a synthesis of growth, but the
>program had
>> to be taken too far and now inflation at 9.5% is out of control. It
>will
>> stay that way until the Fed closes the money spigots. Today, credit
>is
>> packaged into asset-based marketable securities, such as real estate
>> mortgage loans guaranteed by Fannie Mae and Freddie Mac, which we
>believe
>> will eventually succumb. Remember, Sir Alan Greenspan has told us
>he will
>> inflate as long and as much as he thinks is necessary to stop
>deflation.
>> One of his henchmen, Ben Bernake, even said he was prepared to drop
>money
>> out of helicopters. What a group of charlatans. In addition, dollar
>> purchases and global liquidity creation orchestrated by the Asian
>central
>> banks over the past year, at the behest of the Fed, has been
>> unprecedented. This has caused international investors to sell and
>avoid
>> dollar denominated assets. Foreign central banks are feasting on our
>> Treasury and agency paper, because few other sane investors will
>touch
>> them. Our over $500 billion current account deficit and our budget
>deficit
>> grow every minute of the day even with a cheap dollar. Over the
>past two
>> years in global financial markets, speculative leveraging has been
>> unprecedented, but higher interest rates are now causing
>deleveraging and
>> that is what has given us a dollar rally. Whether you noticed it or
>not,
>> the global financial system is at the beginning of the beginning of
>> structural failure. The dollar is on its way to an end as the
>world's
>> reserve currency. The dollar will soon lose its place as king of
>> currencies and will be replaced by gold. As interest rates rise it
>will be
>> all she wrote as interest rates rocket upward. There is no question
>the
>> Fed will continue to accommodate until hyperinflation gets out of
>hand.
>> This will be accompanied by deleveraging, higher interest rates and
>major
>> derivative adjustments. This will also be accompanied by
>deleveraging in
>> the housing market and higher energy prices. Rising prices will
>beget
>> higher prices. Higher interest rates will stem home equity loans,
>which
>> are already down to 34% of mortgage executions from 77% at their
>zenith.
>> That cuts $100 to $150 billion a year from entering our economy.
>The punch
>> bowl needs to be removed but the Fed won't do that, this is an
>election
>> year and as interest rates rise the economy will grind to a halt.
>The Fed
>> knows inflation is already 9 1/2%, but they will inflate anyway,
>they have
>> too. There will be a flight of liquidity to non-dollar assets and
>gold,
>> deleveraging will guarantee that. Thus, you have where we think
>things are
>> going. The future will be difficult and America is not prepared to
>meet
>> the challenge.
>> Evidently, George W. Bush and the neocons do not believe that they
>> have accomplished enough deficit spending, so now our President has
>> proposed a Millennium Challenge Account, which would channel $5
>billion a
>> year to poor countries, a sum that would reflect a 50% expansion in
>> existing aid programs. If we did not know George was a fascist, we
>would
>> mistake him for a Socialist. The short list of countries to get aid
>would
>> be countries with sound policies, which is a euphemism for political
>> payoffs.
>> A group of Christian activists is in the beginning stages of an
>> effort to have South Carolina secede from the US to become its own
>> sovereign state."Our Christian republic has declined into a pagan
>> democracy," says Christian Exodus.org in Tyler, Texas. The plan
>calls for
>> 12,000 Christians willing to be active in political campaigns to
>move to
>> the Palmetto State. The way things are going in America anything is
>worth
>> trying.
>> The Fed's admission that they will raise interest rates in the
>> future has no real significance. Any professional knows that was
>> inevitable. What pros are doing is deluding themselves that the
>effects of
>> higher rates will be inconsequential. They are wrong; the shock to
>the
>> economy will be huge. Already investment-grade companies have to pay
>> investors 96 basis points more than Treasury yields, the highest in
>5
>> months. The rate on the 30-year fixed mortgage is 6.30%; up from
>5.4% and
>> these premiums and rate increases are not going to disappear. The
>longer
>> the Fed delays action for political reasons, the higher the premium
>and
>> rates will climb. Five and ten-year Treasuries are already off 5%,
>the
>> biggest quarterly loss since 1986. The treasury - TIPS spread is
>2.75%, up
>> from 2.15% in January. That is why we recommended TIPS long ago for
>those
>> who had to remain in cash. The average spread over the past 5 years
>was
>> 1.89%. Annualized inflation is 4.4% so even with TIPS you do not
>keep up
>> with the official inflation rate, which is a lie. Billions of
>dollars are
>> being lost every day because our government refuses to tell the
>truth. We
>> believe that by the end of 2005, and in early 2006, the Fed rates
>now at
>> 1% will be 5%. That would put 30-year mortgage rates at 9 1/2% and
>the
>> 10-year Treasury at 8 1/2%. Those holding ARMS will be crushed.
>> Now that mortgage rates are up almost a point, homeowners are having
>> a hard time using their homes as ATM machines. As a result,
>companies are
>> offering loans that allow borrowers to skip a payment while those
>that
>> require only interest payments are in vogue.
>> Needless to say, Fannie Mae backs this type of loan in a pilot
>> program called, Payment Power. If you have paid your mortgage for
>three
>> months, you can skip 2 payments a year or 10 payments over the life
>of a
>> 30-year loan. How's that for cooking the books? Interest only loans
>are
>> pure speculative vehicles. America's lenders have a giant Ponzi
>scheme
>> going and it will crash and when it does you had best be debt free.
>> Personal bankruptcies were 2.8% in the year ended 3/31/04 in spite
>of an
>> economic recovery. All you debtors who have maxed your credit cards
>out
>> and plan on going bankrupt, remember the House has passed
>legislation that
>> will lead you to debtors' prison. They have made it almost
>impossible to
>> erase credit card and other debts in bankruptcy court. That
>legislation
>> zipped through our purchased House of Representatives. It now awaits
>> Senate approval and, of course, has a strong endorsement from
>George W.
>> Bush and the neocons. This legislation when passed after the
>election
>> could eventually cause a revolution on its own. Bankers' greed
>knows no
>> bounds. Wait until housing prices drop 30% to 50%. The Fed cannot
>keep the
>> money and credit flowing forever not with inflation at 9 1/2% or
>better.
>> Thompson Financial tells us executives sold $14.4 billion worth of
>> company stock in the first four months of the year, compared to $4
>billion
>> in the same period last year. Never have so many insiders made so
>much
>> money.
>> We think we will see a remake of 1994 in the financial markets, only
>> this time the time frame will be slightly different. Rates will
>rise and
>> Sir Alan will continue to pump credit and money into the economy.
>The
>> elitists have always avoided catastrophe by whatever it took
>> inflation-wise to bail themselves out. Otherwise, the fortitude or
>courage
>> does not exist to purge the system. That is unless this is the end
>of the
>> line and they are going to go for world government. We believe it
>is the
>> latter. Why else would they allow the horror of monstrous amounts
>of debt
>> imploding? There has been no effort by the Fed to reign in excess
>> consumption and debt formation. It is still being encouraged. Thus,
>we
>> believe this could be the grand finale. We also do not think
>interest
>> rates will be raised by the Fed in June, probably in August and
>maybe in
>> late November. That is why the stock market will stage another
>rally,
>> inflation will get much worse and gold and silver will rise. We
>believe
>> the re-nomination of Sir Alan Greenspan was part of this. We will
>> re-nominate you if you pump the economy up until November. This is
>also
>> probably why M3 has blasted off again over the past two weeks. This
>could
>> also be the result of the exhaustion of the recent massive fiscal
>stimulus
>> provided by mortgage refinancing, tax rebates and accelerated
>> depreciation. This is also why the DOW will take off late in June
>and
>> challenge 11,780 and in all probability breakout to 14,000 sucking
>the
>> public in again. Then within five months, it could fall to 7,268.
>> Every other day the Fed drags out one of their numbers to let us
>> know what little inflation we have and why interest rates do not
>need to
>> rise. Last Wednesday it was Fed Governor Broaddus, who got the
>duty. His
>> words of wisdom, which we call lies, is that"the Fed will not have
>to
>> raise rates as aggressively as it did in 1994 because in 1994 we
>had not
>> yet established the full credibility for our low inflation strategy
>that I
>> believe we have today." The governor lives in a world of unreality,
>if he
>> believes that and of course, he does not, he is lying. This is the
>> continued arrogance and contempt, in which these elitists hold us.
>They
>> believe we are stupid and that we will believe anything. The Fed
>knows
>> inflation is 9-1/2% but they feel it is their duty to lie about it.
>They
>> know after the election interest rates will rise 4%. The Fed is nine
>> months to a year behind the curve and that is deliberate.
>> The man that said,"God wants me to be President," George W. Bush,
>> was the pervert who gave the final approval to formulate our prison
>agenda
>> in Iraq. Systematic abuse, torture and rape are part of the neocons
>> formulation for power. If these pukes are reelected your daughters
>and
>> wives are next. This is Bush's latest mission accomplished. Next,
>we will
>> be told he speaks to God, as his Messianism knows no limits. We
>think of
>> this as we look at naked, abused, tortured and raped women who are
>now
>> pregnant by the beasts under orders from Mr. Bush. Every woman in
>prison
>> was raped hundreds of times. This needless war for profit has
>unleashed
>> the very foulest dregs of our society. What we have, as a result,
>is chaos
>> in tribal and religious dimensions. We are going to have to win Iraq
>> street-by-street and house-by-house and we will lose many of our
>loved
>> ones. That is why both Bush and the neocons and Democrats are
>working
>> behind the scenes to assure a majority vote for a new selective
>service
>> draft so your children and grandchildren cannot only die but be
>rape,
>> abuse and torture participants. We are not liberators; we are
>invaders and
>> occupiers. The war is costing $350 billion a year and 36% of the
>world's
>> military expenses. Yes, with much money and hundreds of thousands of
>> troops we are subjugating a people, and we get to pay for it as Mr.
>Bush's
>> cronies steal billions of dollars. Now there is panic in
>Washington. Iraq
>> could get worse and Mr. Bush could lose the election. We are told by
>> General Abizaed, that violence would increase after the 6/30/04
>handover
>> and that the Iraqis won't be ready to assume responsibility for
>security
>> until April 2005. Who will assume command of Iraq? It will not be
>

Thread gesperrt

 

gesamter Thread:

• alles für eine lange Nacht: aus einem US-Forum geholt - wo ist die Brille? - Emerald, 05.06.2004, 22:49
  • Re: Uff....worum gehts denn.. (wenigsten so ungefähr) (o.T.) - MattB, 05.06.2004, 23:05
    • Re: Ach Gott, wieder das Gelbe... - MattB, 05.06.2004, 23:25
  • Ja, Emerald, erkläre uns bitte auf Deutsch in 10 Sätzen, was uns so erwartet... - Prosciutto, 05.06.2004, 23:08
    • Re: Ja, Emerald, erkläre uns bitte auf Deutsch in 10 Sätzen, was uns so erwartet... - Emerald, 05.06.2004, 23:16
      • Hmm, ziemlich interessant, mal schauen. (o.Text) - Prosciutto, 05.06.2004, 23:32
  • deutsch auf die schnelle: - igelei, 05.06.2004, 23:35
    • shit zu schnell enter gedr. dauert noch!!! - igelei, 05.06.2004, 23:36
  • nun aber wirklich deutsch auf die schnelle:... - igelei, 06.06.2004, 00:15
    • Re: nun aber wirklich deutsch auf die schnelle:... - MattB, 06.06.2004, 00:25
      • Re: nun aber wirklich deutsch auf die schnelle:... - MC Muffin, 06.06.2004, 00:36
        • Re: Hinterm Mond? (o.Text) - MattB, 06.06.2004, 00:42
          • Re: Naja gucks dir doch an im Momennt haben sie nix. - Loki, 06.06.2004, 02:29
          • Re: Hinterm Mond? (o.Text) - MC Muffin, 06.06.2004, 12:00
            • Re: Hinterm Mond? (o.Text) - MC Muffin, 06.06.2004, 12:03
            • Re: Ã-l(industry) auch hinterm Mond? [Telepolis] - MattB, 10.06.2004, 11:30
    • Auf jeden Fall schon vielen Dank für deine (bisherige) Ãœbersetzung!:-)) - Prosciutto, 06.06.2004, 00:29
    • Re: nun aber wirklich deutsch auf die schnelle:... Teil 2 - igelei, 06.06.2004, 02:24
      • CPA = Coalition Provisional Authority = Verwaltung Iraks durch US/UK (o.Text) - gnom, 06.06.2004, 10:12
      • 1,2,3 fertig ist die igelei...Dankeschön für die zusammenfassende Ãœbersetzung! - Easy, 06.06.2004, 10:53
      • CPA: Certified Public Accountant - pendant zum dt. Wirtschaftsprüfertitel (o.Text) - off-shore-trader, 06.06.2004, 11:42
      • Re: nun aber wirklich deutsch auf die schnelle:... Teil 3 - igelei, 06.06.2004, 12:25
        • @igelei: Ein Riesendankeschön!!! (o.Text) - ---Elli---, 06.06.2004, 13:23
        • Re: nun aber wirklich deutsch auf die schnelle:... Teil 4 - igelei, 06.06.2004, 14:20
          • Vielen Dank fürs Ãœbersetzen! (o.Text) - daxput, 06.06.2004, 15:00
          • Re: nun aber wirklich deutsch auf die schnelle:... Teil 5 - igelei, 06.06.2004, 18:07
            • Re: einen ganz großen Dank auch von meinereinem an igelei mkT - Baldur der Ketzer, 06.06.2004, 18:47
              • hmm... wenn du ein wenig Spielgeld hast... mkT - igelei, 06.06.2004, 19:14
                • Re: hmm... wenn du ein wenig Spielgeld hast... mkT - MC Muffin, 07.06.2004, 10:21
            • Besten Dank fürs übersetzen (o.Text) - LenzHannover, 07.06.2004, 00:27
  • Re:.. lange Nacht -- durch Stripper gejagt, hoffentlich nun leichter lesbar - JoBar, 06.06.2004, 08:43