By Giordano Bruno

Neithercorp Press – 03/10/2010

Herbert West: Re-Animator

Winter is slowly melting away here in the U.S., and Spring will soon be upon us.  Wall Street is currently flush with delight at the year long run of the stock market (driven by fiat bailouts), which at first glance appears to be doing quite well, though international incidences such as those in Dubai and Greece have revealed how shaky the market actually is in the face of any unhealthy news.  In the meantime, the dollar, recently on the edge of detrimental value loss, has made a semi-miraculous recovery in the span of a few months, especially as the Euro suffers.  Official employment numbers, despite the continuous loss of jobs monthly, have somehow fallen and are for the moment stabilized.  Is it time for America to dust off the old credit cards and return to the wild and rollicking carefree spending days of pre-2007?  Perhaps not…

While the mainstream media puts on the recovery song and dance, the fundamental problems of the collapse remain the same, and in some cases are growing ever more precarious.  Subsections of the public, unaware of the real issues at hand, are holding a misguided jubilee in the tranquil eye of a hurricane, wrongly assuming that the storm has passed.

The world is breathing a hasty sigh of relief at the beginning of 2010, but what are the facts behind the current “peaceful” economic moment?  In this article, we will examine whether or not the good news is legitimate, or, if are we being lulled into a false sense of security…

Job Market Statistics Manipulated

At the beginning of the year, official unemployment stood at around 10%.  This number of course does not include those people who are off unemployment benefits and still have not found jobs, or those people who are underemployed.  The Labor Department then announced their intention to revise their “birth/death ratio” method of calculating job loss, which would supposedly add a whopping 800,000 lost jobs to their books that were hidden before:

http://money.cnn.com/2010/02/04/news/economy/jobs_outlook/

Directly after this news was released, markets braced for a substantial increase in the unemployment percentage.  Yet, by some act of magic, the unemployment percentage fell to 9.7%!

http://www.epi.org/publications/entry/jobs_picture_20100205/

How is this possible?  Well, those of us who were hoping for greater Labor Department transparency (including myself) should have known better.  With the Labor Department, two-plus-two NEVER equals four…

As the EPI article above indicates, while the government has reportedly changed their dubious “birth/death ratio” method, they also at the same time changed their “home survey” method.  This survey is meant to give the Labor Department an overall view of unemployment percentages, but now the government has sharply reduced the number of households they actually survey, making the results more volatile and easier to manipulate.  This why even though nearly a million jobless people were added to the unemployment rolls, the government was still able to report a drop in unemployment percentages.  Sound like a dirty trick?  Yes, it is…

According to the EPI’s estimates, which are probably still conservative, over 11 million jobs would need to be created in order to bring employment rates to pre-2007 levels.  This is called the “jobs gap.”  To fill the jobs gap by 2013 (which is about the time frame that the government has suggested it would take for a full recovery) the U.S. would need to generate over 400,000 jobs a month for the next three years!  As I think most of you can see, this is not going to happen.  Last month according to official numbers the U.S. lost another 36,000 jobs.  Jobs are not being created, and will not be created anywhere near the 400,000 a month mark required for a three year recovery.

Also not often reported is the span of weeks at which those who are unemployed have to wait until they find another job.  This “lag time” in-between jobs has grown markedly higher in recent months as the chart below shows:

In January of this year alone, 6.3 million people (over half of those unemployed) had been without a job for more than 6 months.  This is an astonishing number, and it shows just how out of touch MSM reports of recovery are.  Anyone who has been unemployed for more than just one month knows how tense and uncertain such a situation makes life.  Imagine the misery of a 6 month hiatus from steady work, not able to fully support ones self and not knowing when you’ll be able to again.  The Labor Department, nor the media, seems to take the factor of ‘duration’ into account when considering whether employment is actually in recovery.  Nor do they take into account the fact that most of the jobs lost over the past two years were high paying and specialized, while most of the scant few jobs created have been low paying service sector positions.

What is most frightening about this information is that it reveals deliberate mishandling of statistics.  Instead of being more open about unemployment numbers, the government is moving to hide them further.  But why would they escalate secrecy on the economy?

The Day The Dollar Died

Last week, Li Ruogu, chairman of Export-Import Bank of China, a lender tasked with supporting the country’s foreign investments, stated that China would continue to support the dollar and that reports of a break from U.S. treasuries were “absolute nonsense.”  Investors in treasuries this week seemed to take the comment as a good sign that the dollar’s place as world reserve currency is assured.  However, one might ask why it was suddenly so important for China to comfort treasury markets?

Interestingly, statements of China’s “affection” for the dollar have come right after their central bank decided to dump $34 billion in U.S. treasuries.  Along with other nations, the U.S. suffered the worst one month treasury dump on record so far at $53 billion:

http://finance.yahoo.com/news/Foreigners-cut-Treasury-apf-1402391707.html?x=0

This follows a treasury dump last year by China of $25 billion, after which we predicted that such dumps would occur more frequently and in larger amounts.  Apparently, we were right:

http://neithercorp.us/npress/?p=105

http://english.people.com.cn/90001/90780/91421/6734461.html

Initially, it was reported after their latest dumping of U.S. bonds that China had lost its position as the number one investor in U.S. debt, placing Japan in the top spot.  Strangely, only days later this report was rescinded after the Treasury released a statement claiming that China did indeed dump $34 billion in bonds, but, they were still the number one investor in T-bills:

http://sg.news.yahoo.com/afp/20100217/tbs-us-economy-finance-bonds-china-japan-ec2362a.html

How is this possible?  According to the Treasury, they “forgot” to include Chinese treasury holdings in third markets such as Hong Kong and Britain.  This is very strange.  Who holds these extra bonds and what are they doing sitting in foreign venues?  Is it not convenient that these bonds appeared from thin air just as news of China’s treasury dump was hitting the bond market?  And now we suddenly have a Chinese finance official attempting to reassure the world that China still wants T-bonds while at the same time they are trying to get rid of them?  If this behavior seems confusing it is because this is what occurs when governments lie big; no matter how good they are at it, they can’t make the facts add up.

If one examines Treasury Auctions month-to-month, they would find that “Primary Buyers” of treasuries (who have to buy treasuries when no one else is buying) now dominate auction sales.  Indirect buyers, who cannot be tracked, also make up a large portion of competitive bids on treasury bonds.  It is suspected that most of these indirect buys are made by the Federal Reserve itself in order to prop up the dollar.  The article below explains the process succinctly:

http://community.nasdaq.com/News/2010-02/Something-Very-Strange-Is-Happening-With-Treasuries.aspx

The bottom line is that foreign governments are NOT buying treasuries at volumes necessary to keep the U.S. afloat amidst its ever climbing national debt, and in some cases, they are now trying to quietly and gradually dump what they have so as to not arouse immediate suspicion from the markets.  In fact, the Treasury and the Federal Reserve seem to be helping them do this!

The dollar is, in effect, dead, but disinformation and market manipulation, mainly by the private Federal Reserve, is being used to reanimate it for appearances.  The result is the conjuring of a kind of “zombie currency,” a Weekend at Bernie’s currency that the Fed props up with strings and pulleys to fool everyone at the party.

The most obvious question here is, why go through so much trouble to keep the dollar around at all?

World Government And The SDR

Since the “Great Recession” began, economic forums and conferences such as the G20, and the annual World Economic Forum (WEF) in Davos, Switzerland have spoken of little else except the formation of a centralized world economy and the establishment of a legal body that has the power to run it.  At the Davos “workshops,” economists and others present ideas for world governance as if they were the originators of the concept.  It may not be surprising to most of us that there is rarely if ever anyone who participates in the WEF meetings that supports the restoration of national sovereignty.  In fact, nearly all the participants seem to assume that a world government is the solution to all our ills.  It is also important that like the G20, government officials from all over the world attend, including those from the U.S., and that very often the policies developed at these forums end up in legislation and mass media here at home.  Meaning, the laws and propaganda supporting forced globalization and world government are fine tuned at the meetings and then brought to America for mass consumption.  Below are a couple video examples of Davos workshops:

It is important to recognize what exactly is being presented in these two videos because they reveal much about our current economic circumstances.  The goal of the G20 and the WEF, as they have stated on numerous occasions, is to dissolve national sovereignty.  If they had their way, America as we know it would not exist, along with the Constitutional framework that is meant to protect our liberties.  To achieve this end, a carefully engineered breakdown of the U.S. dollar is being enacted.

As we have shown, U.S. treasuries auctions have tanked and those long term treasuries already held by foreign nations are being slowly cast off.  So far, the Federal Reserve has propped up the dollar by purchasing T-bonds in the place of foreign banks who no longer want them.  By continually monetizing this debt, the Fed will inflate an incredible bubble in the treasury market.  When will this bubble burst?  The key lay in the rules governing Special Drawing Rights.

Special Drawing Rights (SDRs) are securities much like treasury bonds.  Their value is determined by a basket of international currencies including the Dollar, the Euro, the Yen, and the Pound Sterling.  The IMF claims that SDRs are not technically considered currency, but SDRs serve nearly all the functions of a currency except that they are not available to the general public (yet).  It walks like a duck, and quacks like a duck, but the IMF would rather not call it a duck.  In the end, the SDR is a world reserve currency, and its purpose is to topple the dollar.

Not long after the economic meltdown began, the IMF announced that they would begin the unlimited printing of SDRs.  In 2009, within the span of a few months, SDR circulation went from $21 billion, to nearly $204 billion, and this is only the amount they have admitted to:

http://www.imf.org/external/np/fin/tad/extsdr1.aspx

Governments across the world have purchased SDRs, while at the same time dropping U.S. treasuries.  China in particular has shown sharp interest in the SDR as a replacement for the U.S. dollar:

http://www.chinaeconomicreview.com/dailybriefing/2009_09_03/China_buys__50_billion_in_first-ever_IMF_bonds.html

It may be prudent to mention that China’s heightened dumping of U.S. treasuries began right around the time that the IMF began mass printing SDRs.  And, even more disconcerting, the U.S. Treasury also quintupled its supply of SDRs in August of 2009:

http://www.zerohedge.com/sites/default/files/images/US%20INTL%20RESERVES.jpg

Being that the U.S. dollar is supposedly the undisputed world reserve currency, why would the U.S. Treasury have any need to buy SDRs at all?  Would this not be redundant?  Unless, the Treasury knows that the dollar will not remain the world reserve currency for much longer….

Now we get to the tricky part…

The IMF has instituted new rules governing the SDR and those countries who trade it (called “member countries”).  Drafting the “Fourth Amendment” governing SDR allocation, the IMF now requires member nations to retain a “special allocation” of the currency much higher than previous allocations.  Countries who keep their SDR supply above the required level receive interest payment on their excess.  Countries that fall below the required level have to PAY interest on the shortfall.  That is to say, if the U.S. were to allow its SDR reserves to fall below the level demanded by the IMF, we would be punished monetarily.  Also, under current rules, the interest rates of the currencies that make up the SDR help to determine the interest rates of the SDR.

The IMF claims it only acts as an “intermediary” between countries wishing to trade in SDRs, but since the IMF is the creator and printer of SDR’s, this would ultimately make them the controller of the SDR market, not some outside intermediary.

Participation in the SDR market for now is voluntary.  However, what we are witnessing here is the subtle positioning of the SDR as the only alternative in the event that the U.S. dollar fails, and once again, China is the key.

China’s Slow Dollar Dive

The argument is constantly made by mainstream economists that China could never drop its large supply of U.S. T-bills because if they tried, the dollar would collapse, virtually erasing the value of their dollar holdings.  The suggestion that “they are as dependent on us as we are on them” is rampant in the MSM, but, if we throw in the wild card factor of the SDR, this all changes.

If the Chinese central bank along with certain others amass enough SDRs over an extended period of time while gradually selling off their T-bonds, the SDR’s could act as a cushion to prevent foreign central banks from losing a large portion of their wealth while the dollar sinks.  In fact, in the event that the Federal Reserve raises interest rates on the dollar (perhaps in response to the heightened risk of a mass treasury dump) those holding SDR’s actually benefit, because the interest they receive on their SDR reserves will also go up:

http://www.imf.org/external/np/exr/faq/sdrallocfaqs.htm

This would not absorb all of China’s losses in the event of a dollar collapse, but it would be a very effective stop gap, and ample incentive for them to continue dumping treasuries.  I believe that this is the exact reason why the dollar and the Dow have been held up by the Federal Reserve for so long.  They cannot allow a major dollar depreciation until the SDR is established on the world market as a ready substitute.

A good sign that this process might accelerate would be in the event that China de-pegs the Yuan from the Dollar and allows it to appreciate in value.  This would signal that China is moving away from the traditional export arrangement with the U.S.  Talks of a Yuan appreciation are already hitting the MSM:

http://www.telegraph.co.uk/finance/7386391/China-ready-to-end-dollar-peg.html

Investors in the U.S. will foolishly cheer a rise in the value of the Yuan, thinking that this will increase American exports to China.  In reality, China will be preparing to dump the last of its U.S. bonds, and begin exports and imports with the new ASEAN trading bloc:

http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201002280656dowjonesdjonline000247&title=asean-exports-to-grow-7-to-85-in-2010–indonesia-trade-min

This new bloc has the potential to surpass profit margins in U.S. markets, especially in the face of extremely weak consumer activity in America.  As the U.S. falters under sovereign debt pressure, China will be in prime standing with a ready supply of SDRs and an organized trading bloc to take up the slack of falling exports to the West.

Shock And Awe

The illusion of U.S. recovery seems to be paramount in the plan for Globalist centralization.  Every scam imaginable has been fashioned to lure the public into a sense of false comfort.  In my original observations on the economic collapse, I believed that we would likely see a “trigger” event in 2010, which would set off a “rolling breakdown” that would not fully climax for a few years.  Now, I am not so sure.  After examining the facts behind the implementation of SDRs as well as the potentially explosive situation in the treasury market, I believe that a “shock and awe” scenario is becoming more probable.  The behavior of the Fed, along with that of the IMF seems to suggest that they are preparing for a focused collapse, peaking within weeks or months instead of years, and the most certain fall of the dollar.

As I think of it now, the advantages of a sudden financial flash flood are numerous.  In a drawn out collapse, the Liberty Movement is given a tremendous time advantage, allowing us to double and redouble our membership while the public opinion of the Federal Reserve and the government in general would deteriorate.  In a sudden breakdown, our time will be cut short, and the public will be distracted and fearful, desperate for an organized authority to offer any semblance of “order.”  A slow collapse allows for the Liberty Movement to work peacefully within the system to build a third party capable of dethroning the current two party farce.  A sudden collapse erases all political activity and opens the door to martial law and illegitimate government.  And finally, a fast moving meltdown leaves a much stronger psychological impression; a catastrophic waking nightmare, instead of a slow grinding depression.  A world government could never be brought about due to the “monotony” of a long slow economic burnout.  Too many factors could present themselves in such an extended period that might interfere with the desired end result.  Too many variables to calculate.  In an abrupt collapse, the Globalists would need only to gage and influence the amount of fear in the populace to a sufficient boiling point then leap in with their intended solution to the problem; centralized global governance.

I feel that in either method, the Central Bankers will fail to reach their ultimate goal, but the prospect of a direct monetary break with limited warning does make the atmosphere much heavier.  One can only prepare as much as possible mentally and emotionally, and keep his eyes wide open…

“I do not eat corporate food and I do not buy Made in China ” says Gerald Celente …If Israel and The US attack Iran it is the start of World War III , Iran is not Iraq… the top trends for 2010 are the crash of 2010 and terrorism 2010 , the anti Americanism is sweeping the glob is a big concern says Gerald Celente

Trends Expert Gerald Celente is also known as Dr Doom and the Nostradamus of Modern Times  , Gerald Celente is regarded as one of the foremost trend predictors in the world. This author of Trends 2000 and Trend Tracking, and publisher of The Trends Journal, is frequently a guest on television news and talk show programs. The New York Post said “if Nostradamus were alive today, he’d have a hard time keeping up with Gerald Celente.” Subscribe to the Trends Journal >>>

Following are Gerald Celente’s Forecasts for 2010: · The Crash of 2010: The Bailout Bubble is about to burst. Be prepared for the onset of the Greatest Depression.  · Depression Uplift: The pursuit of elegance and affordable sophistication will raise spirits and profits.  · Terrorism 2010: Years of war in Afghanistan and Iraq  and now Pakistan  have intensified anti-American sentiment. 2010 will be the year of the lone-wolf, self-radicalized gunman.   · Neo-Survivalism: A new breed of survivalist is devising ingenious stratagems to beat the crumbling system. And, they’re not all heading for the hills with AK-47’s and pork & beans.   · Not Welcome Here: Fueled by fear and resentment, a global anti-immigration trend will gather force and serve as a major plank in building a new political party in the US.  · TB or Not TB: With two-thirds of Americans Too Big (TB) for their own good (and everyone else’s), 2010 will mark the outbreak of a “War on Fat,” providing a ton of business opportunities.   · Mothers of Invention: Taking off with the speed of the Internet revolution, “Technology for the Poor” will be a major trend in 2010, providing products and services for newly downscaled Western consumers and impoverished consumers everywhere.   · Not Made In China: A “Buy Local,” “My Country First” protectionist backlash will deliver a big “No” to unrestrained globalism and open solid niches for local and domestic manufacturers.  · The Next Big Thing: Just as the traditional print media (newspapers/magazines) were scooped by Internet competition, so too will new communication technologies herald the end of the TV networks as we know them.

Video Interview with Gerald Celente

It’s one thing to counterfeit a twenty or hundred dollar bill. The amount of financial damage is usually limited to a specific region and only affects dozens of people and thousands of dollars. Secret Service agents quickly notify the banks on how to recognize these phony bills and retail outlets usually have procedures in place (such as special pens to test the paper) to stop their proliferation.

But what about gold? This is the most sacred of all commodities because it is thought to be the most trusted, reliable and valuable means of saving wealth.

A recent discovery — in October of 2009 — has been suppressed by the main stream media but has been circulating among the “big money” brokers and financial kingpins and is just now being revealed to the public. It involves the gold in Fort Knox — the US Treasury gold — that is the equity of our national wealth. In short, millions (with an “m”) of gold bars are fake!

Who did this? Apparently our own government.

Background

In October of 2009 the Chinese received a shipment of gold bars. Gold is regularly exchanges between countries to pay debts and to settle the so-called balance of trade. Most gold is exchanged and stored in vaults under the supervision of a special organization based in London, the London Bullion Market Association (or LBMA). When the shipment was received, the Chinese government asked that special tests be performed to guarantee the purity and weight of the gold bars. In this test, four small holed are drilled into the gold bars and the metal is then analyzed.

Officials were shocked to learn that the bars were fake. They contained cores of tungsten with only a outer coating of real gold. What’s more, these gold bars, containing serial numbers for tracking, originated in the US and had been stored in Fort Knox for years. There were reportedly between 5,600 to 5,700 bars, weighing 400 oz. each, in the shipment!

At first many gold experts assumed the fake gold originated in China, the world’s best knock-off producers. The Chinese were quick to investigate and issued a statement that implicated the US in the scheme.

What the Chinese uncovered:
Roughly 15 years ago — during the Clinton Administration [think Robert Rubin, Sir Alan Greenspan and Lawrence Summers] — between 1.3 and 1.5 million 400 oz tungsten blanks were allegedly manufactured by a very high-end, sophisticated refiner in the USA [more than 16 Thousand metric tonnes]. Subsequently, 640,000 of these tungsten blanks received their gold plating and WERE shipped to Ft. Knox and remain there to this day.

According to the Chinese investigation, the balance of this 1.3 million to 1.5 million 400 oz tungsten cache was also gold plated and then allegedly “sold” into the international market. Apparently, the global market is literally “stuffed full of 400 oz salted bars”. Perhaps as much as 600-billion dollars worth.

An obscure news item originally published in the N.Y. Post [written by Jennifer Anderson] in late Jan. 04 perhaps makes sense now.

DA investigating NYMEX executive ,Manhattan, New York, –Feb. 2, 2004.
A top executive at the New York Mercantile Exchange is being investigated by the Manhattan district attorney. Sources close to the exchange said that Stuart Smith, senior vice president of operations at the exchange, was served with a search warrant by the district attorney’s office last week. Details of the investigation have not been disclosed, but a NYMEX spokeswoman said it was unrelated to any of the exchange’s markets. She declined to comment further other than to say that charges had not been brought. A spokeswoman for the Manhattan district attorney’s office also declined comment.”

The offices of the Senior Vice President of Operations — NYMEX — is exactly where you would go to find the records [serial number and smelter of origin] for EVERY GOLD BAR ever PHYSICALLY settled on the exchange. They are required to keep these records. These precise records would show the lineage of all the physical gold settled on the exchange and hence “prove” that the amount of gold in question could not have possibly come from the U.S. mining operations — because the amounts in question coming from U.S. smelters would undoubtedly be vastly bigger than domestic mine production.

No one knows whatever happened to Stuart Smith. After his offices were raided he took “administrative leave” from the NYMEX and he has never been heard from since. Amazingly, there never was any follow up on in the media on the original story as well as ZERO developments ever stemming from D.A. Morgenthau’s office who executed the search warrant.

Are we to believe that NYMEX offices were raided, the Sr. V.P. of operations then takes leave — all for nothing?

The revelations of fake gold bars also explains another highly unusual story that also happened in 2004:
LONDON, April 14, 2004 (Reuters) — NM Rothschild & Sons Ltd., the London-based unit of investment bank Rothschild [ROT.UL], will withdraw from trading commodities, including gold, in London as it reviews its operations, it said on Wednesday.

Interestingly, GATA’s Bill Murphy speculated about this back in 2004;
“Why is Rothschild leaving the gold business at this time my colleagues and I conjectured today? Just a guess on my part, but [I] suspect something is amiss. They know a big scandal is coming and they don’t want to be a part of it… [The] Rothschild wants out before the proverbial “S” hits the fan.” — BILL MURPHY, LEMETROPOLE, 4-18-2004

What is the GATA?
The Gold Antitrust Action Committee (GATA) is an organisation which has been nipping at the heels of the US Treasury Federal Reserve for several years now. The basis of GATA’s accusations is that these institutions, in coordination with other complicit central banks and the large gold-trading investment banks in the US, have been manipulating the price of gold for decades.

What is the GLD?GLD is a short form for Good London Delivery. The London Bullion Market Association (LBMA) has defined “good delivery” as a delivery from an entity which is listed on their delivery list or meets the standards for said list and whose bars have passed testing requirements established by the associatin and updated from time to time. The bars have to be pure for AU in an area of 995.0 to 999.9 per 1000. Weight, Shape, Appearance, Marks and Weight Stamps are regulated as follows:

Weight: minimum 350 fine ounces AU; maximum 430 fine ounces AU, gross weight of a bar is expressed in troy ounces, in multiples of 0.025, rounded down to the nearest 0.025 of an troy ounce.

Dimensions: the recommended dimensions for a Good Delivery gold bar are: Top Surface: 255 x 81 mm; Bottom Surface: 236 x 57 mm; Thickness: 37 mm.

Fineness: the minimum 995.0 parts per thousand fine gold. Marks: Serial number; Assay stamp of refiner; Fineness (to four significant figures); Year of manufacture (expressed in four digits).

After reviewing their prospectus yet again, it becomes pretty clear that GLD was established to purposefully deflect investment dollars away from legitimate gold pursuits and to create a stealth, cesspool / catch-all, slush-fund and a likely destination for many of these fake tungsten bars where they would never see the light of day — hidden behind the following legalese “shield” from the law:

[Excerpt from the GLD prospectus on page 11]
“Gold bars allocated to the Trust in connection with the creation of a Basket may not meet the London Good Delivery Standards and, if a Basket is issued against such gold, the Trust may suffer a loss. Neither the Trustee nor the Custodian independently confirms the fineness of the gold bars allocated to the Trust in connection with the creation of a Basket. The gold bars allocated to the Trust by the Custodian may be different from the reported fineness or weight required by the LBMA’s standards for gold bars delivered in settlement of a gold trade, or the London Good Delivery Standards, the standards required by the Trust. If the Trustee nevertheless issues a Basket against such gold, and if the Custodian fails to satisfy its obligation to credit the Trust the amount of any deficiency, the Trust may suffer a loss.”

The Federal Reserve knows but is apparently part of the scheme. Earlier this year GATA filed a second Freedom of Information Act (FOIA) request with the Federal Reserve System for documents from 1990 to date having to do with gold swaps, gold swapped, or proposed gold swaps.

On Aug. 5, The Federal Reserve responded to this FOIA request by adding two more documents to those disclosed to GATA in April 2008 from the earlier FOIA request. These documents totaled 173 pages, many parts of which were redacted (blacked out). The Fed’s response also noted that there were 137 pages of documents not disclosed that were alleged to be exempt from disclosure.

GATA appealed this determination on Aug. 20. The appeal asked for more information to substantiate the legitimacy of the claimed exemptions from disclosure and an explanation on why some documents, such as one posted on the Federal Reserve Web site that discusses gold swaps, were not included in the Aug. 5 document release.

In a Sept. 17, 2009, letter on Federal Reserve System letterhead, Federal Reserve governor Kevin M. Warsh completely denied GATA’s appeal. The entire text of this letter can be examined at http://www.gata. org/

The first paragraph on the third page is the most revealing.”In connection with your appeal, I have confirmed that the information withheld under exemption 4 consists of confidential commercial or financial information relating to the operations of the Federal Reserve Banks that was obtained within the meaning of exemption 4. This includes information relating to swap arrangements with foreign banks on behalf of the Federal Reserve System and is not the type of information that is customarily disclosed to the public. This information was properly withheld from you.”

above statement is an admission that the Federal Reserve has been involved with the fake gold bar swaps and that it refuses to disclose any information about its activities!

The above statement is an admission that the Federal Reserve has been involved with the fake gold bar swaps and that it refuses to disclose any information about its activities!

Why use tungsten?
If you are going to print fake money you need to have the special paper, otherwise the bills don’t feel right and can be easily detected by special pens that most merchants and banks use. Likewise, if you are going to fake gold bars you had better be sure they have the same weight and properties of real gold.

In early 2008 millions of dollars in gold at the central bank of Ethiopia turned out to be fake. What were supposed to be bars of solid gold turned out to be nothing more than gold-plated steel. They tried to sell the stuff to South Africa and it was sent back when the South Africans noticed this little problem. The problem with making good-quality fake gold is that gold is remarkably dense. It’s almost twice the density of lead, and two-and-a-half times more dense than steel. You don’t usually notice this because small gold rings and the like don’t weigh enough to make it obvious, but if you’ve ever held a larger bar of gold, it’s absolutely unmistakable: The stuff is very, very heavy.

The standard gold bar for bank-to-bank trade, known as a “London good delivery bar” weighs 400 troy ounces (over thirty-three pounds), yet is no bigger than a paperback novel. A bar of steel the same size would weigh only thirteen and a half pounds.

According to gold expert, Theo Gray, the problem is that there are very few metals that are as dense as gold, and with only two exceptions they all cost as much or more than gold.

The first exception is depleted uranium, which is cheap if you’re a government, but hard for individuals to get. It’s also radioactive, which could be a bit of an issue.

The second exception is a real winner:
tungsten. Tungsten is vastly cheaper than gold (maybe $30 dollars a pound compared to $12,000 a pound for gold right now). And remarkably, it has exactly the same density as gold, to three decimal places. The main differences are that it’s the wrong color, and that it’s much, much harder than gold. (Very pure gold is quite soft, you can dent it with a fingernail.)

A top-of-the-line fake gold bar should match the color, surface hardness, density, chemical, and nuclear properties of gold perfectly. To do this, you could could start with a tungsten slug about 1/8-inch smaller in each dimension than the gold bar you want, then cast a 1/16-inch layer of real pure gold all around it. This bar would feel right in the hand, it would have a dead ring when knocked as gold should, it would test right chemically, it would weigh *exactly* the right amount, and though I don’t know this for sure, I think it would also pass an x-ray fluorescence scan, the 1/16″ layer of pure gold being enough to stop the x-rays from reaching any tungsten. You’d pretty much have to drill it to find out it’s fake.

Such a top-quality fake London good delivery bar would cost about $50,000 to produce because it’s got a lot of real gold in it, but you’d still make a nice profit considering that a real one is worth closer to $400,000.

What’s going to happen now?

Politicians like Ron Paul have been demanding that the Federal Reserve be more transparent and open up their records for public scrutiny. But the Fed has consistently refused, stating that these disclosures would undermine its operation. Yes, it certainly would!

By Giordano Bruno |  Neithercorp Press

World War III is the most iconic event in American culture that never happened. Since the early 1950’s, generations have been preparing for it, writing books about it, producing films and fictional accounts on it, and even playing video games based on it. The concept of another world war is so ingrained into our popular consciousness that it has become almost mythological. It is a legend, a fantasy story of something far away and incomprehensible, often associated with Tim Lahaye novels and action adventure narratives of religious prophecy and Armageddon. World War III has become “entertainment.”

The cartoon-ization of a “last great global conflict” is due to a natural tendency of human beings to cope with terrifying ideas, often by intellectually trivializing them, and thereby making them easily digestible, much like the proverbial public speaking tactic of imagining the audience with their clothes off.

The problem with this development in our society is that it causes us to become cynical to the point of idiocy when confronted with very real threats. By convincing ourselves that such an event is an impossibility we leave ourselves unguarded and without a conceptual point of reference, because we have not thought about the scenario in a practical levelheaded manner. This is akin to a man who has never even considered the likelihood of being mugged on the street, versus a man who has trained in self defense for just such a situation. When the event occurs, the two men will have totally different psychological reactions; the first man utterly surprised and out of his element with little to no constructive response, and the latter man far less mentally phased and thus more likely to survive.

With this fact in mind, we will endeavor to explore recent world events, along with international agreements and tensions, and how they could be used by Global Elites to trigger a war reaching around the planet.

Most Wars Happen To The Benefit Of Globalists

Elites often attempt to paint a pretty picture, a glossy flower filled love-fest, when it comes to the creation of World Government. The truth however has been and always will be that the road to globalization is paved with the death of innocents and civilizations. Every movement towards the formation of centralized global government has been preceded by unthinkable destruction. This may seem futile and horribly regressive to us, but to Globalists, war is a highly effective and useful tool.

Conflict on a massive scale creates an atmosphere of tension and terror, giving the average man, even men who are nowhere near danger, a sort of perpetual tunnel vision. World War has the ability to trigger the “fight or flight” psychological response and sustain it in an entire society over long periods of time. Maintaining such a mental state in a human being can cause severe exhaustion and emotional imbalance. Imagine the process of interrogation and torture used on a prisoner in places such as Guantanamo Bay, then, apply that to an entire nation of people. War breaks down our psychological defenses as a society, and makes us vulnerable to suggestion.

By creating war, Globalists change not only the political landscape of nations, but also the emotional and rational checks and balances of every individual who has not prepared himself to handle the pressures of fear. In this way, people can be made to forget how things were before, and accept a new world, a world designed around the corrupt appetites of elite minorities, if only to make the fear stop.

I often hear arguments that war is simply a product of temporary mass insanity. That it is often a “blunder,” an “oversight.” Make no mistake, governments and the power brokers behind them WANT war. Indeed, they commonly design wars that never would have happened without their help. Here are only a few of the many examples:

The Spanish American War:

The Spanish American war was one of the first to be a wholly media driven event, created out of thin air and forced on the American public. Elites in Washington, including Theodore Roosevelt, wanted to move the U.S. into an expansionist policy and the realm of empire building. Most American citizen wanted nothing to do with expansionism. Our country had been built in opposition to empires after all. Enter William Randolph Hearst; newspaper mogul and elitist. Hearst papers across the country went on a tabloid spree, reporting on battles between the Spanish government and Cuban guerrilla fighters that were not actually happening, along with exaggerated dramatizations of Spanish government mistreatment of civilians. Of course, the Spanish were certainly not treating the Cuban people well, but the fact that Hearst made stories up in order to paint a grave picture with which to manipulate Americans at home is what is important here.

Upon his arrival in Cuba, Hearst correspondent Fredrick Remington cabled to Hearst: “Everything is quiet. There is no trouble. There will be no war. I wish to return.” Hearst reportedly replied: “Please remain. You furnish the pictures and I’ll furnish the war.”

Hearst’s propaganda though was not quite enough to make the people want to forcefully overtake another country or adopt expansionism. So, on February 15, 1898, an explosion was set on the USS Maine off the coast of Havana, Cuba. 260 out of 355 sailors lost their lives, though strangely, only two ranked as officers were killed. Hearst papers went into overdrive claiming the Spanish had sunk her with a mine or torpedo, and the pretext for war in Cuba was established. Ever since, the U.S. has held an ever more prominent policy of expansionism and empire building.

Interestingly, recent studies, including those of National Geographic, show that the debris from the Maine explosion pointed outward, indicating an explosion from INSIDE the ship, not outside. The government still maintains that this must have been “accidental”:

http://loc.gov/law/help/usconlaw/pdf/Maine.1898.pdf

World War I:

The beginning of WW I is often blamed on a “mindlessly mechanical series of events,” but this is simply nonsense. The embroilment of America in the affairs of Europe was carefully orchestrated and far from accidental.

Norman Dodd, former director of the Committee to Investigate Tax Exempt Foundations of the U.S. House of Representatives, testified that the Committee was invited to study the minutes of the Carnegie Endowment for International Peace as part of the Committee’s investigation. The Committee stated: “The trustees of the Foundation brought up a single question. If it is desirable to alter the life of an entire people, is there any means more efficient than war…. They discussed this question… for a year and came up with an answer: There are no known means more efficient than war, assuming the objective is altering the life of an entire people. That leads them to a question: How do we involve the United States in a war. This is in 1909.”

http://www.threeworldwars.com/world-war-1/ww1.htm

Once again, Americans had no interest in expansionism or fighting wars along side Monarchies that we with good reason despised. The key to how we were fooled once again into going against our better instincts lay in the sinking of yet another ship; the Lusitania.

The Lusitania was attacked by a German U-boat and sunk on May 7, 1915, killing 1198 passengers and was later used as a pretext for drawing the U.S. into WWI; this is the commonly held view taught in every high school history class. The problem is that it is only half the story. What it does not mention is the fact that the British goaded the Germans into the attack.

In that era, there still existed “rules of war,” one of which was the expectation that German U-boats should surface before destroying any merchant vessel and allow the passengers to flee the ship. The Germans adhered to this standard until the British began arming merchant ships and ordering them to fly the colors of neutral countries. They were then to sink any U-boat that surfaced to deliver a warning. The good faith of the understanding was ruined, and the Germans decided it was safer to sink the ships without warning and be done with it.

The British also began smuggling arms and explosives using regular merchant ships as cover, making them participants in the war, and therefore targets. The Lusitania was no exception.

When the Lusitania was hit by a German torpedo, the initial explosion was certainly destructive, but not as destructive as the massive secondary explosion passengers witnessed as they were fleeing the scene, which ripped the ship apart. For decades the U.S. and British governments denied that the Lusitania was carrying arms, until divers exploring the wreckage discovered cases of nearly 4 million rounds of ammo! Meaning according to the articles of war, the Lusitania was in fact classified as a combatant, not a non-threatening ocean liner:

http://www.dailymail.co.uk/news/article-1098904/Secret-Lusitania-Arms-challenges-Allied-claims-solely-passenger-ship.html

The most shocking element to this engineered disaster however was the fact the U.S. and British governments were well aware that the ship would be attacked, and ALLOWED it to occur.

The German Embassy took out ads in 50 U.S. newspapers warning that the Lusitania could be made a target. The U.S. State Department in turn contacted each of the newspapers and in a threatening fashion suggested that they refrain from printing the ad. A small portion of the newspapers ignored the State Department and printed anyway, but most of the passengers of the Lusitania never saw it.

Finally, and most importantly, is a fascinating discussion from the book “The Intimate Papers of Colonel House,” between House; an advisor (some would say puppeteer) to Woodrow Wilson, and Sir Edward Grey, the Foreign Secretary of England before the attack on the Lusitania occurred. The coldness of the exchange is haunting:

Grey: “What will America do if the Germans sink an ocean liner with American passengers on board?”

House: “I believe that a flame of indignation would sweep the United States and that by itself would be sufficient to carry us into the war.”

World War II:

World War II was perhaps the first war in which Globalists created an enemy completely from scratch. That’s right; the Nazis were organized and funded by Elites from across the world, including those here in America.

Hitler himself was considered a joke among Germans when he first began his tirades for an “Aryan Empire,” and was shrugged off by the mainstream as a lunatic. But Germany was also in the middle of the worst economic collapse in recent memory, and when Hitler gained support from the Thule Society, a Freemason-like secret society in Europe, and also began receiving investment from Wall Street interests, including the Rockefeller family, the German people started taking notice. Hitler’s new aristocratic friends could bring to Germany what the people desperately wanted; jobs and cold hard cash.

The collusion between the Rockefellers and the Nazis is well documented, and was first exposed by the discovery of the Von Knieriem Documents during the Nuremberg Trials. The documents outline how the Rockefellers, through their company Standard Oil, supplied investment, as well as secret fuel technology, without which Nazi warplanes would have been inoperable:

http://neithercorp.us/npress/?p=22

http://www.mazal.org/archive/nmt/07/NMT07-C001.htm

The Rockefellers also started the first eugenics population control program here in the U.S. in 1909, forcefully sterilizing over 60,000 “genetically inferior” Americans long before Hitler put the idea into practice in Germany:

http://hnn.us/articles/1796.html

The Rockefeller Foundation helped found the German eugenics program and even funded the program that Josef Mengele worked in before he went to Auschwitz.

And how about the exposure of George W. Bush’s grandfather, Prescott Bush, as a Nazi collaborator and launderer of Nazi funds:

http://www.guardian.co.uk/world/2004/sep/25/usa.secondworldwar

This is only a small portion of the evidence which proves that the Nazi’s were an elitist creation, and World War II deliberately engineered.

Iraq / Afghanistan War:

I won’t go into the long and sordid background of the 9/11 attacks and how they were used to foment a never-ending war in the Middle East. To do so would take an entirely separate article. What I will say is, the “official story” of that event has been shown on numerous occasions by thousands of researchers, many of whom are architects and engineers, to be riddled with holes and completely unsatisfactory by any measure of logic. The collapses themselves have been left scientifically unexplained by NIST, the government agency tasked with constructing “answers” for the many oddities surrounding the structural failure of WTC 1, 2 and 7. NIST continues to refuse to release the source data for their computer models they claim prove that the towers fell naturally due to burning jet fuel. Without this source data, none of their conclusions hold any validity. They are simply opinions backed by nothing.

Dr. Steven Jones along with eight other scientists around the world have published a peer review paper in the Open Chemical Physics Journal proving beyond a doubt that military grade nanothermite (demolitions) is present in large quantities in the rubble of the WTC:

http://www.bentham-open.org/pages/content.php?TOCPJ/2009/00000002/00000001/7TOCPJ.SGM

http://www.journalof911studies.com/

This means that demolitions were placed in the buildings most likely by someone with easy access and were used to aid in their collapse. The suspects for such an operation I leave for you to decide, though I find it highly improbable that “Muslim Extremists” were involved.

After each of these wars was concocted, governments and Globalists around the planet pushed for even greater centralization of authority and consolidation of power. After the Spanish American War, Americans were herded towards accepting the idea of U.S. expansionism. After World War I, we were convinced to hurtle ourselves into European affairs and squander money and resources on unnecessary conflicts. We also witnessed the formation of the League of Nations, a pre-UN global body meant as a beginning foundation for world government. After World War II, Europe was nearly wiped off the map, its people downtrodden and psychologically ripe for centralization. Without WWII, the European Union would have never been possible. The U.S. also joined the United Nations, the body which is now being pushed along with the IMF for oversight of global financial regulation, as well as unified trade law and “harmonization.” After the Iraq / Afghan war began, a new threat was fabricated in the guise of “terrorism,” a faceless enemy with no real nation or border, no identifiable army, and an elusive and sloppily defined ideology. Anyone can be labeled a terrorist, even an American citizen, thus, a war on terrorism can be sustained indefinitely.

This sets the stage for the next possible global conflict which could be used as the final motivator to pressure the masses into an oppressive New World Order.

World War III: A Realistic Assessment

On Christmas Day 2009 a young Nigerian man by the name of Umar Abdulmutallab was lead into an airport in Amsterdam by what witnesses describe as a “well dressed Indian man” who lied about Umar’s status as a Sudanese refugee. Although Umar was already on a terrorist watch list, he was not flagged, and was allowed to board the plane without a passport and without difficulty:

http://www.npr.org/blogs/thetwo-way/2009/12/witness_alleged_bomber_possibl.html

Also according to witnesses, another man on the plane reportedly (and rather oddly) filmed the would-be terrorist during the entire flight. As the plane approached landing in Detroit, Umar proceeded to ignite an explosive substance hidden in his underpants. Only days after, Al-Qaeda agents allegedly based in Yemen took responsibility. Why anyone would take responsibility for a botched underwear bomb attack I leave to your imagination.

And how has the U.S. Government been proceeding in Yemen? Air strikes killing 63 civilians including 28 children:

But lets set aside the obvious false flag attack used to move into Yemen and ask the larger question: why?

Why Yemen? There are a few solid explanations, including the rather suspicious financial dealings of Umar Abdulmutallab’s father, who has been involved heavily with Yemen Government debt:

http://willyloman.wordpress.com/2009/12/30/billions-in-recent-yememi-investments-and-the-underwear-bombers-daddy-its-a-small-world-aint-it/

But this seemingly small affair in this very small country I believe is part of a much larger design.

Yemen Rebels Labeled “Al Qaeda:”

There are most likely little to no “Al Qaeda” fighters in Yemen, but the Yemeni government has been fighting Houthi rebels in its mountain regions for years, and it seems, not doing very well. In response, Saudi Arabia insinuated itself into the fight, perhaps fearing what a revolution might do to their interests in the region. Only days before the Christmas false flag, U.S. officials were leaking their “concerns” over possible Yemeni rebel “connections” to Al Qaeda in the press:

http://www.csmonitor.com/World/terrorism-security/2009/1221/Saudi-air-strike-kills-Yemen-rebels-as-US-drawn-into-fight

What we are seeing is yet another instance in which our government labels any insurgency group not as rebels with their own particular cause, but as “Al Qaeda,” a global James Bond-ian terrorist conspiracy. Its simple really; if someone stands in the way of your interests, label them as Al Qaeda and a decent sized portion of the American public will look the other way while you bomb their children.

Russia Expanding In the Middle East:

Now we get to the heart of the matter. Many of us have already forgotten the brief war between Russia and Georgia, started when U.S. backed Georgia invaded South Ossetia unprovoked, randomly shooting and bombing civilians, causing Russia to intercede. Not long after this event, Russia began announcing openly plans to expand its navy into the Middle East, including the construction of Navy Bases in Yemen, and Libya, as well as the modernization of a navy base the Russians already control on the coast of Syria:

http://www.abc.net.au/news/stories/2009/01/16/2468180.htm

http://www.haaretz.com/hasen/spages/1020643.html

Yemen’s dealings with Russia also include major arms sales:

http://www.nytimes.com/2009/02/27/world/africa/27iht-27yemen.20489549.html?_r=2

Yemen recently announced plans to work closely with Iran in defending its coast from pirates:

http://www.presstv.ir/detail.aspx?id=99165&sectionid=351020101

What does the U.S. presence in Yemen mean? It means a lot of ruffled feathers (or at least the appearance of such) and the increase of Middle Eastern tension to whole new level, conceivably putting us in a position of clashing with Russian interests.

Enter Israel.

The Israeli Government has said openly and often that it deems Iran a target if they continue to build nuclear power facilities, even going so far as to draw up plans to use low-yield nuclear weapons against them:

http://www.timesonline.co.uk/tol/news/world/article1290331.ece

http://articles.latimes.com/2009/aug/30/opinion/oe-zenko30

This leads us to what may end up being the most important news of last year besides the “Great Recession”; a defense pact signed between Iran and Syria:

http://www.jpost.com/servlet/Satellite?cid=1260447419513&pagename=JPArticle%2FShowFull

So, what elements are we dealing with here?

We have a nuclear armed Israel itching to attack Iran. We have Iran engaged in a defense pact with Syria against Israel. We have Syria with Russian navy bases and weapons on its soil, and we have the U.S. rampaging through the Middle East encroaching on the borders of Pakistan and Yemen, essentially pissing off everyone. What we have is a Globalist made recipe for disaster, using the same ingredients they have used for the last several major wars.

The Trigger:

An Israeli attack on Iran could draw in the U.S., especially if Russia were to intervene through Syria. The likelihood of a large scale false flag attack is also very high over the next couple years, designed to frighten the American people into support for police state conditions at home, as well as greater complicity in an expanded war overseas. The war would not even necessarily have to become a nuclear event as is commonly expected (the elites would rather keep the planet in good condition for themselves), or even develop far beyond the Middle East. Its effects would still be felt everywhere.

The Advantages Of World War (For Globalists):

As we have covered in previous articles, Russia and other BRIC nations are moving to shore up wealth, buying gold and diversifying their currency holdings away from Treasuries and U.S. Dollars. This indicates the probability that they will soon drop the dollar as the world reserve currency if not entirely. Russia has in several instances stated its desire for a “world currency” and even world government, just as political elements of the U.S. and Europe have in the past. I believe what we see unfolding is a scenario much like that of WWII, except this time, the U.S. sits in the position of the Weimar Republic, its currency ready to hyperinflate, it treasury on the edge of insolvency, its debt holders becoming its enemies, and its government looking for any excuse to dilute personal liberties for the “greater good”.

Russia and other eastern nations appear to be forming an opposing economic (and perhaps political) block, yet the ultimate goal of the elites there is the same as it is for elites here. If war were to occur, it would once again be puppet governments set loose upon each other in an illusory conflict in which the real targets are the masses themselves.

The goal is to force the people to take sides, to divide them against each other and make them forget the true enemy; the elites who cultivated the problem in the first place. Under the threat of world conflict or rampant terrorism, the average American could be made to feel “disruptive,” or even “traitorous” for speaking out against the war, while those who point out the dangers of the police state could simply be labeled terrorists themselves. Such an atmosphere could also distract our attentions away from the eminent economic breakdown. It is difficult to imagine this happening here, but think of how many Germans laughed at Hitler in his early days, as opposed to how many eventually followed him when they were faced with absolute desperation.

In the midst of all this of course would stand the EU and the UN. I believe whether a war is triggered or the economy is simply left to disintegrate, it will be the UN and European interests that “dash to the rescue” with a new stabilized currency and unified government when all seems lost. Just as in the past, Globalists want to erase history, rewrite it, and play the part of the hero. With an extra century or more of constant propaganda, who would know to argue otherwise?

The Solution

What we have just covered is a possible state of affairs based on the circumstances of the moment. It is by no means our fate. What this examination is meant to convey is the gravity of the task before us, and the reality that it is we who must halt the machine in its tracks. We cannot leave it to future generations; to our children or theirs. It must stop right here. This is our fight, and if we do not succeed then there may not be a second chance for humanity. By continuing to educate our neighbors on the threats confronting us, and by preparing for the worst, mentally as well as physically, no future is set in stone.

I sometimes hear words like “impossible,” “pointless,” “futile,” in regards to our situation, and the obstacles which we face. “Impossibility” is an empty term driven by doubt, not by concrete reality. There is no “impossibility,” only destiny, and destiny is something we make, not follow. As far as I have seen men fall, I have never in the whole of my life believed there was anything we could not do. As long as we hold by what is true, there is no such thing as the insurmountable.

Regardless of where we are headed, be it moderately troubling times, or the worst of all possible worlds, our job here now is to at once walk through fire and yet stand immovable. This is what we are here to do.

The vast majority of the talking heads on television are still speaking of the current economic collapse as if it is a temporary “recession” that will soon be over.  So far, the vast majority of the American people seem to believe this as well, although for many Americans there is a very deep gnawing in the pit of their stomachs that is telling them that there is something very, very wrong this time around.  The truth is that the foundations of the U.S. economy have been destroyed by an orgy of government, corporate and individual debt that has gone on for decades.  It was the greatest party in the history of the world, but now the party is over.  The following are 11 signs from just this past month that show that the U.S. economy is headed into the toilet and will not be recovering….

#1) When even Wal-Mart is closing stores you know things are bad.  Wal-Mart announced on Monday that it will close 10 money-losing Sam’s Club stores and will cut 1,500 jobs in order to reduce costs.  So if even Wal-Mart has to shut down stores, what chance do other retailers have?

#2) Americans are going broke at a staggering pace.  1.41 million Americans filed for personal bankruptcy in 2009 – a 32 percent increase over 2008.

#3) American workers are working harder than ever and yet making less.  After adjusting for inflation, pay for production and non-supervisory workers (80 percent of the private workforce)is 9% lower than it was in 1973.  But those Americans who do still have jobs are the fortunate ones.

#4) Unemployment is absolutely exploding all over the United States.  Minority groups have been hit particularly hard.  For example, unemployment on many U.S. Indian reservations is over 80 percent.

#5) Unfortunately the employment situation is showing no signs of turning around.  Decemberwas actually the worst month for U.S. unemployment since the so-called ”Great Recession” began.

#6) So just how bad are things when compared to past recessions?  During the 2001 recession, the U.S. economy lost 2% of its jobs and it took four years to get them back. This time the U.S. economy has lost more than 5% of its jobs and there is no sign that the bleeding of jobs will stop any time soon.

#7) Can you imagine trying to get your first job in this economic climate?  Our young men and women either can’t get work or have given up on work altogether.  The percentage of Americans 16 to 24 who have jobs is 13 percent lower than ten years ago.

#8) So where did all the jobs go?  Over the past few decades we have allowed the corporate giants to ship mountains of American jobs overseas, and there are signs that this trend is only going to get worse.  In fact, Princeton University economist Alan S. Blinder estimates that 22% to 29% of all current U.S. jobs will be offshorable within two decades.  So get ready for even more of our jobs to be shipped off to Mexico, China and India.

#9) All of these job losses are leading to defaults on mortgages.  Over the past couple of years we have seen the American Dream in reverse.  According to a report that was just released, delinquent home loans at government-controlled mortgage finance giants Fannie Mae and Freddie Mac surged 20 percent from July through September.

#10) But that is nothing compared to what is coming.  A massive “second wave” of mortgage defaults is getting ready to hit the U.S. economy starting in 2010.  In fact, this “second wave” is so frightening  that even 60 Minutes is reporting on it. Watch it below:

Watch all parts on Youtube

#11) Meanwhile, the Federal Reserve has announced that it made a record profit of $46.1 billion in 2009.  Apparently during this economic crisis it is a very good time to be a bankster.

Via PakAlert.

AOL’s job site reports the following:

Nearly one out of two workers in Detroit are unemployed, according to a report by The Detroit News. It’s a figure far higher than the government’s official figure, which is still close to a staggering 30 percent.

But the newspaper says that rate doesn’t take everything into account. For every person who is still looking and collecting unemployment, there are scores of others who have had benefits run out, accepted a part-time position, taken early retirement or a job outside of their regular field.

This is higher than the unemployment during the Great Depression. In 1931, the official unemployment rate was 24.9%. It took a world war to bring it down to 4.7%.

Will it take another war to bring the unemployment rate down again?

Detroit Case Study: The Deindustrialization of America and Fall of the Republic

There is no precedence for the panic and chaos will occur next year. The global food supply/demand picture has NEVER been so out of balance. The 2010 food crisis will rearrange economic, financial, and political order of the world, and those who aren’t prepared will suffer terrible losses…

by Eric deCarbonnel | marketskeptics.com

If you read any economic, financial, or political analysis for 2010 that doesn’t mention the food shortage looming next year, throw it in the trash, as it is worthless. There is overwhelming, undeniable evidence that the world will run out of food next year. When this happens, the resulting triple digit food inflation will lead panicking central banks around the world to dump their foreign reserves to appreciate their currencies and lower the cost of food imports, causing the collapse of the dollar, the treasury market, derivative markets, and the global financial system. The US will experience economic disintegration.

The 2010 Food Crisis Means Financial Armageddon

Over the last two years, the world has faced a series of unprecedented financial crises: the collapse of the housing market, the freezing of the credit markets, the failure of Wall Street brokerage firms (Bear Stearns/Lehman Brothers), the failure of Freddie Mac and Fannie Mae, the failure of AIG, Iceland’s economic collapse, the bankruptcy of the major auto manufacturers (General Motors, Ford, and Chrysler), etc… In the face of all these challenges, the demise of the dollar, derivative markets, and the modern international system of credit has been repeatedly forecasted and feared. However, all these doomsday scenarios have so far been proved false, and, despite tremendous chaos and losses, the global financial system has held together.

The 2010 Food Crisis is different. It is 

Financial crisis will kick into high gear

So far the crisis has been driven by the slow and steady increase in defaults on mortgages and other loans. This is about to change. What will drive the financial crisis in 2010 will be panic about food supplies and the dollar’s plunging value. Things will start moving 

Dynamics Behind 2010 Food Crisis

Early in 2009, the supply and demand in agricultural markets went badly out of balance. The world experienced a catastrophic fall in food production as a result of the financial crisis (low commodity prices and lack of credit) and adverse weather on a global scale. Meanwhile, China and other Asian exporters, in an effort to preserve their economic growth, were unleashing domestic consumption long constrained by inflation fears, and demand for raw materials, especially food staples, exploded as Chinese consumers worked their way towards American-style overconsumption, prodded on by a flood of cheap credit and easy loans from the government.

Normally food prices should have already shot higher months ago, leading to lower food consumption and bringing the global food supply/demand situation back into balance. This never happened because the United States Department of Agriculture (USDA), instead of adjusting production estimates down to reflect decreased production, adjusted estimates upwards to match increasing demand from china. In this way, the USDA has brought supply and demand back into balance (on paper) and temporarily delayed a rise in food prices by ensuring a catastrophe in 2010.

Overconsumption is leading to disaster

It is absolutely key to understand that the production of agricultural goods is a fixed, once a year cycle (or twice a year in the case of double crops). The wheat, corn, soybeans and other food staples are harvested in the fall/spring and then that is it for production. It doesn’t matter how high prices go or how desperate people get, no new supply can be brought online until the next harvest at the earliest. The supply must last until the next harvest, which is why it is critical that food is correctly priced to avoid overconsumption, otherwise food shortages occur.

The USDA—by manufacturing the data needed to keep supply and demand in balance—has ensured that agricultural commodities are incorrectly priced, which has lead to overconsumption and has guaranteed disaster next year when supplies run out.

An astounding lack of awareness

The world is blissful unaware that the greatest economic/financial/political crisis ever is a few months away. While it is understandable that general public has no knowledge of what is headed their way, that same ignorance on the part of professional analysts, economists, and other highly paid financial “experts” is mind boggling, as it takes only the tiniest bit of research to realize something is going critically wrong in agricultural market. 

USDA estimates for 2009/10 make no sense

Read the full article.

by Chuck Baldwin
December 11, 2009

According to an obscure report in the European Union Times (EUTimes.net), “Russian Military Analysts are reporting to Prime Minister Putin that US President Barack Obama has issued an order to his Northern Command’s (USNORTHCOM) top leader, US Air Force General Gene Renuart, to ‘begin immediately’ increasing his military forces to 1 million troops by January 30, 2010, in what these reports warn is an expected outbreak of civil war within the United States before the end of winter.

“According to these reports, Obama has had over these past weeks ‘numerous’ meetings with his war council abut how best to manage the expected implosion of his Nation’s banking system while at the same time attempting to keep the United States military hegemony over the World in what Russian Military Analysts state is a ‘last ditch gambit’ whose success is ‘far from certain.’”

The EU Times article continues by saying, “To the fears of Obama over the United States erupting into civil war once the full extent of the rape and pillaging of these peoples by their banks and government becomes known to them, grim evidence now shows the likelihood of this occurring much sooner than later.”

The Times story goes on to say that there are “over 220 million American people armed to the teeth and ready to explode.”

The Times article concludes by saying, “Though the coming civil war in the United States is being virtually ignored by their propaganda media, the same cannot be said of Russia, where leading Russian political analyst, Professor Igor Panarin has long warned that the economic turmoil in the United States has confirmed his long-held view that the US is heading for collapse.”

Many of us would be inclined to pooh-pooh such a story, but then there is this column from Bloomberg.com entitled “Arming Goldman With Pistols Against Public,” written by Alice Schroeder. According to Ms Schroeder:

“‘I just wrote my first reference for a gun permit,’ said a friend, who told me of swearing to the good character of a Goldman Sachs Group Inc. banker who applied to the local police for a permit to buy a pistol. The banker had told this friend of mine that senior Goldman people have loaded up on firearms and are now equipped to defend themselves if there is a populist uprising against the bank.”

There is no doubt that the American people have good reason to despise these international banksters epitomized by Goldman Sachs. Even one of Goldman’s poster-boys, Henry Paulson, US Treasury secretary and former Goldman CEO, admitted that the American people were fed up. Schroeder quotes Paulson as saying, during testimony to Congress last summer, “[People] were unhappy with the big discrepancies in wealth, but they at least believed in the system and in some form of market-driven capitalism. But if we had a complete meltdown, it could lead to people questioning the basis of the system.”

Schroeder correctly opines, “There you have it. The bailout was meant to keep the curtain drawn on the way the rich make money, not from the free market, but from the lack of one. Goldman Sachs blew its cover when the firm’s revenue from trading reached a record $27 billion in the first nine months of this year, and a public that was writhing in financial agony caught on that the profits earned on taxpayer capital were going to pay employee bonuses.”

Schroeder concludes her column by saying, “And if the proles [proletariat: plebs, working class, peasants] really do appear brandishing pitchforks at the doors of Park Avenue and the gates of Round Hill Road, you can be sure that the Goldman guys and their families will be holed up in their safe rooms with their firearms.”

So, do Wall Street and Russian analysts know something that we don’t know? Is this why George W. Bush initiated USNORTHCOM to begin with? Is this why Barack Obama is beefing up USNORTHCOM? This would help explain the reports of all those potential detention camps that have been constructed (including the abandoned military installations that have refurbished security fences, guard towers, etc., around them). Has the American people’s disgust with these crooks and thieves within the federal government and Wall Street reached a boiling point?

There is no question that people are angry, and for good reason.

The fraudulent financial policies of the Federal Reserve and its lackeys in the White House and Congress have literally bankrupted the country. Real unemployment is most likely over 20%. Taxes (along with costly fees, regulations, restrictions, penalties, mandates, etc.) at every level are going through the ceiling. America’s jobs have been outsourced. Barack Obama continues G.W. Bush’s irresponsibility, digging America deeper and deeper into foreign entanglements, at the cost of trillions of dollars and thousands of lives. The IRS continues to harass and harangue honest citizens, squeezing them like the proverbial turnip. And now, add the insanity of a global climate treaty being hammered out in Copenhagen, and a universal health care bill being rammed through Congress, and the outlook is even gloomier.

I feel very comfortable in saying that the usurpations of power, the encroachments upon liberty, and the arrogant tax-and-spend policies emanating from Washington, D.C., and Wall Street these days are far more egregious than what George Washington and the boys were enduring in 1775-76 at the hands of the British Crown. There is no doubt in my mind that if Thomas Jefferson, Patrick Henry, and Sam Adams were alive today, they would have given cause for the Goldman Sachs banksters to retreat to their bunkers years ago!

The fact is, we do need a revolution! But not a revolution of anarchy and pitchforks. (The history of France should be ample evidence of the futility of this strategy.) We need a revolution of the individual states: to reclaim their sovereignty and fight for the liberties of their sovereigns (We the People). That is exactly what our forefathers did in ’76.

America’s founding document (the Declaration of Independence) declares that our states are “free and independent.” And so they are. We are not “one nation” with one all-powerful central government. We are a confederation of nation-states, united in a voluntary union, with each State reserving to itself the power and authority of self-determination, and ceding to the federal government limited, specifically delineated duties and limitations–limitations that have been totally ignored to the point that, for all intents and purposes, our once-great constitutional republic has been thoroughly expunged. Therefore, it is NOW time for the states to stand up to this meddlesome, every-growing tyranny that is known as Washington, D.C., and defend the rights and liberties of their citizens!

What Dr. Ed Vieira (an attorney with 4 earned degrees from Harvard, who has successfully argued cases before the US Supreme Court) wrote a few weeks ago should serve as a template for every State governor and legislature that truly cares about liberty. See Ed’s column at:

http://www.newswithviews.com/Vieira/edwin201.htm

As Vieira says, the states should resurrect their militias. Many–if not all–states have the legal authority for such entities in their constitutions. In some states they are called the State Guard. Some plainly use the word “militia.” Whatever they are called, they need to be activated. And all that is necessary for this to be accomplished is the order of the governor. It’s that simple!

And as Vieira said, states need to adopt an alternative currency–including, and most especially, gold and silver. In other words, they need to develop their own private economies, complete with their own banks and exchange mediums. They also need to reject the multinational agribusiness and develop their own in-State agricultural and energy businesses.

I would dare say that the first State that determines to follow Vieira’s sagacious counsel (and rumblings of this have already begun in states such as Alaska, Oklahoma, Texas, Montana, New Hampshire, Indiana, Tennessee, South Carolina, etc.) would have so many liberty-loving patriots flock there that its economy would explode with prosperity–resulting in a domino effect of many other states following suit–and the revolution that this country so desperately needs would indeed take place. Furthermore, such a revolution would be constitutional, lawful, moral, and, yes, in compliance with the laws of Nature and of Nature’s God.

In the meantime, is Barack Obama really worried about civil war? He might be. It is my observation that Washington politicians and bureaucrats are the most paranoid people on the planet. The problem is–as with most power-hungry Machiavellians–their paranoia often translates into more oppression and less liberty for the citizenry. And if this is true, it simply means that the states need to hurry up and do what needs to be done!

*If you appreciate this column and want to help me distribute these editorial opinions to an ever-growing audience, donations may now be made by credit card, check, or Money Order. Use this link:

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© Chuck Baldwin

KINGSTON, NY — The first decade of the 21st century is going out the same way it came in with a bust and a bang.

The dot-com bubble burst in 2000, and the Bailout Bubble will bust in 2010.

9/11 terror ushered America into the decade, and terror will strike again before the decade ends.

The decade long wars waged by US and NATO against Afghanistan and Iraq are leading the world to the first Great War of the 21st Century.

The 20th century belonged to America, in 2010 Empire America will be breaking apart. The signs are there for all to see.

World leaders and most economists see a very different future unfolding. They insist the financial crisis is over and recovery is on the way.

On the military front, America’s new Commander in Chief, Congress and the generals promised their war strategy will bring victory abroad and keep the homeland terror free.

Fed a steady diet of junk news du jour by the Cartoon News Networks, the general public remains largely oblivious or at best, grossly misinformed. As 2009 ends, the misadventures of Tiger Woods and the White House party crashers top the media menu.

Increased terror, escalating wars, economic calamity these are just a few of the 2010 Top Trends featured and analyzed at length in our Winter Trends Journal ® that you will receive by early January.

In the meantime, to keep you alert, focused, and above all, prepared, within two weeks we will send you an overview of our 2010 Trend forecasts. It is important to have plans and strategies in place for the holidays, a time when so many are caught up in the spirit and paying little attention to the headlines.

Our high alert is not alarmism. Last year, just two days after Christmas, with most people in a holiday state of mind, Israel launched a major war against the Palestinians. There were a number of factors that could have led either to an instant economic meltdown or an escalation of the war beyond the Palestinian borders.

http://www.trendsresearch.com/TrendAlert_Israel.htm

The worst was averted. Had it happened, only those who’d taken proactive measures at the first signs of major hostilities would have gone through the crisis unscathed. The trend lesson? War, terror and calamity are not set to time clocks. Anything can happen, anywhere, at anytime. Prepare for the unexpected. It is the close-combat state of mind.

In addition to the ominous forecasts, we also foresee a variety of social, health, environmental, entertainment, cultural, business and consumer trends that will be both profitable and transformational.

Publisher’s Note: If you have friends, family or acquaintances who still cling to “hope” and hope for “change”, you may consider giving them a holiday gift of hard facts, penetrating analyses and prescient forecasts a subscription to the Trends Journal ® and PakAlertPress

Regards,

Gerald Celente

Out of an immigrant population of 5.5 million, most are of Indian origin. A sizable portion of the GDP of the state of Karela is based on remittances from Dubai. The dream is now fast becoming a nightmare. Dubai was being built on Indian labor. Abu Dhabi next door has millions of Pakistanis-unaffected by the problems of Dubai. Abu Dhabi will be helping Dubai out of the hole, but the Abu Dabization will ensure that there are not as many Indians running the show.

DUBAI: Construction worker Bilal is in a happy mood as he takes his lunch break sitting next to an artificial lake near Dubai’s showpiece Mall of the Emirates.

But he admits anxiety about the end of his contract in one year’s time, when the 24-year-old may have to return to Bangladesh.

The shock news of Dubai’s debt crisis is not expected to spark an immediate surge in redundancies in the once-booming desert metropolis, but a gradual exodus is likely as workers’ contracts expire and the lack of new projects means they are unable to find new jobs.

Before last year’s credit crunch, Dubai and the rest of the United Arab Emirates were estimated at the end of 2007 to have a population of 6.4 million people – of whom 5.5 million were foreigners.

More than three million were registered with the ministry of labour as workers, when Dubai was still racing to build enormous shopping centres and business districts.

But now the picture is very different. Even before state-owned Dubai World said last week that it wants to halt payments on its huge debts for at least six months, property prices were down by half and office rents by as much as two-thirds.

People from Asia, who form the majority of the construction workforce, may find their livelihoods at stake following the mothballing of hundreds of new building projects worth tens of billions of dollars.

Ferraris, Aston Martins and Maseratis are parked less than 100 metres away from where Bilal sits by the lake on Thursday, his blue safety helmet alongside him.

There is no indication anywhere nearby of the financial crisis swirling across the city.

‘No, I’m not worried’ about losing my job, he says. ‘I have worked here for two years, our company’s agreement is for three years.’

But he concedes that not knowing where he will work when his contract expires is a source of concern.

For Indian site engineer Thomas, unemployment is a already a reality.

He walked out of Thiruvananthapuram International airport in the southern Indian state of Kerala on Thursday, after 10 years in the Emirati city, with just two items of hand luggage and a bundle of clothes.

His contract had been terminated by his Dubai-based construction company after the project was hit by the economic crisis.

‘I was working as a site engineer in Dubai. I’ve no other choice than return to Kerala,’ 50-year-old Thomas told AFP.

‘My flight was full of people returning. Sooner or later almost 80 per cent of the workers will have to leave Dubai.’

Read entire article here