Learn the inside story of how the Greatest Financial Crisis in US history developed. How did the Financial Crisis Really unfold and for what Reasons? Who Benefited and who stands to lose. What can we do and will the American People finally Unite
It’s another way of saying that what we’ve known all along is coming to pass much quicker than any of us anticipated. Stewart Thompson of “Graceland”, (www.graceland.com) no, not Elvis’s Graceland–but the financial Graceland–asks the question are you prepared?
The Old Era is the era that we’ve suffered through for the last 5 years, but in actuality, our demise as a country has been in effect since 1913. That is when the Federal Reserve was founded.
The New Dawn of that Old Era has just started to become unglued and hence the New Dawn is really the beginning of the end. Therefore, it begs the question are you prepared?
The year 2012 has started out in strange ways. While celestial forces augur for rare tail events, the assurance of man-made events that stretch far into the extreme tail of probability are not only very likely but will be of a type to reflect the change in the global balance of financial power. The Paradigm Shift mentioned over the course of the last two to three years is at work, having moved into a higher gear. The gold is moving from the West to the East, along with the power. We will not see the process reverse in our lifetime. The sanctions set against Iran have been devised by a former global leader nation that is beset by insolvency, fraud, and lost integrity. The backfire has consolidated forces into a more fortified position against the US Dollar. Trade increasingly is not being settled in US$ terms. The icons of the day are mere apologist public address systems attempting to rationalize and justify the deep insolvency and wrecked systems. The new normal is of a caravan file of broken cars and trucks sputtering down the road, using the false fuel of hyper monetary inflation and the offensive paint of phony financial accounting, the tell-tale sign being the ugly rancid smoke out of their tailpipes. The last insult is of the US Presidential election process, which is badly marred by obvious inconsistencies and anomalies. The vote count for the candidate that attracts the biggest crowds, attracts the biggest donations from corporations, and defies the financially teetering system does not match the final official tallies.
PREPARE FOR RARE DAMAGE OF TAIL EVENTS
In the probability world, a tail event is described as an occurrence far out in the small numbers of probability, extended on the tail of the curve of likelihood. In the quality control domain, the battle cry used to be Six Sigma, meaning the tolerated defect rate goal would be six standard errors, a rate in no way achievable. A quick check of the probability tables unmasks the lofty goal as one defect part off the assembly line in every 1.013 billion items. That is Six Sigma on the normal bell-shaped curve. However, in the world of phony finagled finance, such rare events are indeed occurring. The modern world has never seen such grotesque charred ramparts posing as financial structures, badly beset by the insolvency caused by the natural sequence of broken asset bubbles, aggravated by absent industry. In fact, the entire fiat currency system, where money is nothing but redefined debt, is an abomination destined for the ruin we see on such a tragic widespread level. The modern world has never seen such grotesque housing disasters, the dream of home ownership turned upside down, one quarter of American households owing more than the value of their homes. In fact, the entire housing dependence devised by Greenspan, where the USEconomy would lean not on industry but on rising home equity, serves as the calling card of central bank heresy. The heresy continues with the high priest ZIRP and bishop QE. Of course it ended in tears. The modern world has never seen such grotesque quicksand in sovereign debt for so many major nations. This goes far beyond Greece, Ireland, and Portugal, the symbols of small fry nations that few nations will make deep sacrifice for. In fact, as the sovereign debt spreads, it has become clear that Italy, Spain, France, and many other nations suffer from the sinking pressures that national securitized debt brings. As the sovereign debt loses value, the banking system sheds reserves valuation and goes insolvent, the credit engines stall, the economy falls into recession, the labor force loses jobs, the spending patterns falter, and the nation goes into a failure mode. See the Cauchy distribution in the graphic, which when the degrees of freedom grow unbounded, approaches the Gaussian normal.
Willie is eccentric in some ways, but he is excellent in his perceptions. I’ve rarely read an article written by him in which I have a major disagreement. I think with this pull back in gold to $1750 and silver below $40 is healthy. This will set the stage for a move higher. Yes, we may go down to $1700 or a little below or $37.50but consider those retracements a gift.
Follow: www.kingworldnews.com for some of the best and brightest minds following the PM Markets.
But all in all, Jim’s article is spot on.
Remember that gold and mortgage manipulation by the banks go hand in hand. The country has a slim chance of an economic recovery while this egregious chicanery is being perpetuated on the American People and the entire world.
It is time to stand united for the greater good of America . You will benefit personally. We are at a period in our history that is very similar to what it was when the Country was first founded and the US Constitution and Bill of Rights were introduced to the world.
PANIC & ANXIETY SWIRL A STORM
by Jim Willie CB
August 17, 2011
home: Golden Jackass website
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Jim Willie CB, editor of the “HAT TRICK LETTER”
Something big is going on in the United States in a sentiment change, an altered state of psychology, a growing sense of panic. My opinion is that the nation has entered the early stage of comprehension among the population of systemic failure. The most immediate measures are the rash of heavy selling down days in the US Stock market, the strong purchases in Gold, as well as the reactions to constant news of sovereign debt in trouble, and the big banks teetering. Several other softer measures have been noted, made overwhelming by their sheer numbers. A perception wave has taken hold of a toxic US Economy, a toxic US financial sector, a toxic US housing sector, a toxic economic brain trust in the US towers.
A sense of doom is creeping into the nation’s living rooms and board rooms that the nation is in deterioration. Worse, they are realizing how US Federal Reserve is toothless, unable to address or treat the problems. The citizenry is not adept or gifted enough to conclude that the problem is national insolvency, whose errant prescription has been a flood of liquidity. But they sense something is horribly wrong and worse, that no current treatment will fix anything. They detect the backfire of the blunt banker solution and the misfired futility of the federal government solution. Witness the rooted perception and horrifying awareness that the United States is moving gradually and unavoidably into a systemic failure. The perception is that neither governments nor bankers have any solutions to help the people, who must impose their own gold standard. The Gold price registered a new high over $1900 per ounce, this after mental midget clowns and propaganda wags in May pronounced the bull market as finished. Their opinions are worthless. Watch them vanish behind the tall shrubbery when Gold surpasses $2000 this autumn.
ROOT OF NATIONAL ILLNESS
In my view, the national illness is a toxic US Economy dominated by pervasive profound grotesque insolvency. In the early part of the 2000 decade, a strong hint of near-term future failure was obvious. The US Economy shed its industry to Asia since the 1980 decade. In the early years of last decade, the migration of factories was to China. In its place, the US consumers relied upon home equity withdrawal, blessed as good by the American economists and high priest of heretical ideology Alan Greenspasm. The hint to sound money economists such as the Jackass from the dependence shift was a clear signal of ruin in a few years, as in now. It came on time. In my view, the national illness is a toxic US financial sector dominated by pervasive insolvency and massive fraud. The FASB accounting rule change permitted grotesque falsification of the bank balance sheets, reflected in market capitalizations above zero. The value zero has been and still is more accurate, still is the price target. The big US banks continue to fight off the powerful forces of a housing market in resumed chronic decline, sovereign bonds overseas beset by heavy losses, and a spate of bond investor lawsuits that rack up. All attempts to limit lawsuit exposure have failed. Litigants line up in court like Wal-Mart shoppers on a big sale. Americans are awakening to the unfix-able nature of the US Economy and the broken fraudulent nature of the US financial sector.
The Achilles Heel, the broken leg, the ruined road, and the toxic field is HOUSING & MORTGAGES.
The contaminated blood, the leaking gangrene into the circulation system, the sewer line in the water supply is BANKING & FINANCE.
The US Economy grew dependent upon the two-sided asset bubble. No resolution or remedy or liquidation means rotting flesh and gangrene on the body economic. Americans have noticed. The US banking system remains insolvent, worse each quarter from toxic assets. Home prices have resumed their decline, despite all incorrect announcements by banking, political, and economic leaders over public address propaganda loudspeakers. The crowd control devices are not working, as the people are deeply worried. read more
August 17th, 2011
Who Will Be Our Modern Day Jefferson?
From Americans for a Free Republic
Who Will Be Our Modern Day Jefferson?
By Nelson Hultberg
February 1, 2011
Posted on Seacoast on August 16, 2011
Anybody with a lick of sense realizes there’s no difference anymore between the Democrats and Republicans. Both preach big dictatorial government to the people, and they do so relentlessly. Thus many Americans now realize that we need to open up the process and offer a small government vision as a third choice.
The question is how do we bring about such a goal. Many hurdles to a third-party exist, and many objections among conservatives to even begin such an attempt exist. What follows will provide some answers to those objections and outline a dramatic plan that will not only defeat Obama’s socialist agenda in 2012, but also save America in the coming decades from Republican socialism.
Restoring the Republic
It is assumed that Ron Paul will run again for the Republican nomination in 2012. But could this maverick freedom advocate actually take the GOP nomination away from one of the establishment luminaries such as Romney, Gingrich, Huckabee, or Palin? Common sense tells us, no. But that doesn’t mean he shouldn’t try, for in the effort to do so the message of freedom at least gets a hearing.
But once Paul sees that he is going to be denied the nomination (along about February or March of 2012), he then needs to set his sights higher than just being a hard-money spokesman running Don Quixote-style campaigns to purge the Fed from the country. As important as this goal is, it’s going to require many decades to achieve anything substantive regarding such abolishment. Are Americans ready to adopt a totally free-market banking system, which is what would be required if we eliminated the Fed? Certainly not this decade or next. Maybe in 50 years.
There is a bigger, better crusade for Ron Paul to lead, however. It could be implemented NOW, rather than in 50 years. And it wouldn’t diminish his effort to expose the Fed and eventually phase it out.
Ron Paul needs to think “Independent Crusade” in the manner of Ross Perot in 1992, which would get him into the National TV Presidential Debates. The importance of this is that it puts Congressman Paul in front of 70 million voters on the major networks. Getting into the Republican nomination debates in primary season (as he did in 2008) only puts him in front of 10 million voters on the cable stations. Running as a Republican nominee is small potatoes. The big prize is the fall Presidential Debates. But only an Independent run can bring this about because Paul is not going to get into those debates as the GOP nominee.
There’s also another reason why the “Presidential Debates” are so important. In the Republican nomination debates, the moderators can ostracize a candidate by asking him only a few superficial questions and then ignoring him in favor of statist favorites such as Romney or Gingrich. This is what they did to Paul in 2008. But in the fall Presidential Debates there has to be equal time given to all candidates. Thus the moderator cannot ignore the freedom candidate in favor of the establishment favorites.
For Ron Paul to create a successful Independent run, he will need to find a promising conservative (let’s call him “Jefferson Thomas”) to team with as his VP candidate and do what Ross Perot and James Stockdale did in 1992 (Hypothetical, but concept has merit! ED) . It goes without saying that Jefferson Thomas must be a man with gravitas and big league political experience, which unfortunately Stockdale was not. Perot managed to get on the ballot in almost all the states in less than six months at a cost of about $25-$30 million. A ticket of Ron Paul and Jefferson Thomas could do the same thing. Paul has already demonstrated that he has that kind of money-raising capability.
Thus our goal must now be to find Jefferson Thomas, or to have him find us. He will have to possess a genuine respect for the Founders’ vision. And he will have to be a strong social conservative, but one who wishes to promote traditional values in society through the churches and schools rather than legislative mandates. read more
June 28th, 2011
D. Stewart Armstrong
Honest, accurate Information, that is shared among the people, and then acted upon for the common good is the only thing that will Save America at this point. Please read Nelson Hultberg’s piece above!
Be Aware and Prepare!
Be Self-Sufficient and “Off the Grid”!
Protect Your Families, Your Country, Each Other, and Yourself
The 1st Action: Become Educated to Reality—to Truth
The 2end Action: Purchase Gold, Silver, and Hard Assets
The 3rd Action: Unite with fellow Americans in a coherent fashion
The 4th Action: Take the First Step
Whose Country is this ‘anyways’?
Not on Our Watch!
There is a small minority of Americans, relative to the overall population, who are endeavoring against all odds to understand the real issues affecting this Country. Is there really a viable solution to the debt that now encumbers this Country? Americans who truly understand the issues are less than 10% of the overall population; especially since these issues are a moving target.It is difficult for anyone to understand them since the liabilities have been developed by design and over time by a very very small group of powerful individuals for specific purposes. I have heard of “jacking a car” but I’ve never heard of “jacking a Country”‘ until now that is.
A small group of loyal Americans will have to share information and we all must do more with less.
There are layers of obfuscation hiding the truth. The banks, the government along with big business are literally using the people of the world as their serfs.
It is imperative to realize that before you can fix a problem, you must not only acknowledge and understand it, you must also act upon it in a coherent manner.
It is Imperative that Americans support the US Constitution and the Bill of Rights for a just future for our Country, and its citizens! It is equally imperative that we recognize exactly what these documents state—what was their intent when they were first penned. read more