War With Iran? - Paul Craig Roberts on The Corbett Report

Citibank Just Vaporized

From Zero Hedge -

The Real Effect
Good. That's what you get when you play with fire. Obama, if this is your Summer of Recovery, I don't ever want a Depression under your watch.

The World's Most Volatile Sovereign Debt Issuers

The States are in a world of hurt - 

Greece: 67.93 percent
Venezuela: 58.05
Argentina: 48.15
Pakistan: 38.80
Ukraine: 35.69
Iraq: 29.29
Dubai/Emirate of: 29.20
Illinois/State of: 27.35
California/State of: 27.00
Portugal: 25.11

Good to see that Illinois rates up there with Portugal. But no, seriously, our economy is just fine.

Clinton Goes to Azerbaijan, Iran War Moves Forward

Hillary Clinton is visiting the strategic theater -

Clinton will be visiting Ukraine, Poland, Armenia, Azerbaijan, and Georgia from July 1 to 5, the State Department announced Friday, June 25. In Ukraine, she'll meet President Viktor Yanukovych, who unlike his predecessor, does not support Ukraine joining NATO. In Poland, she'll celebrate the 10th anniversary of the founding of the Community of Democracies, a network of democracies dedicated to strengthening democratic norms worldwide.

In the Caucasus, Clinton will first visit Armenia and Azerbaijan, which have a long-running feud over Azerbaijan's breakaway Nagorno-Karabakh region. State Department spokesman P.J. Crowley said during June 25's press briefing that the United States has "invested a great deal of energy" in improving relations among Armenia, Azerbaijan, and Turkey and that Clinton's visit is a "reflection of our commitment to work to resolve outstanding issues that have prevented normalized relations among those countries."  

Clinton will conclude her trip in Georgia, which fought a war with Russia in August 2008 over the breakaway region of South Ossetia. Crowley said of the visit to Georgia, "[T]he secretary's trip there will be a tangible manifestation of our ongoing commitment to Georgia's territorial integrity."

The Real Effect
Of course this lends huge credence to the report that I published last week that U.S. troops were massing on the border in Azerbaijan near Iran pending an invasion. Remember that I stated that the date of July 11 was highly suspicious.

I find it curious that Clinton is scheduled to be overseas from July 1 - 5, surely just visiting the local coffee shops, and it just so happens that Benjamin Netanyahu gets to Washington the day after. Oh, and don't forget the eclipses that will be happening just before and after, while a movie of the same name is playing in the theaters.

On a related note, the quote of the day goes to Vox Day with the following -

On the one hand, I am all for whatever puts more guns in the hands of individuals. Or tactical nukes, for that matter. I will never understand why people who understand the many and manifest evils of the DMV think that only government employees should have weapons of mass destruction.

Chart Sobriety - Welfare

For all of you that think "welfare" is bankrupting this country, you're correct. If you also believe that so is defense spending, debt payment, "other", social security and medicare.

Yeah, the problem is that we spend not enough money on education, that's the ticket! (No Child Left Behind anyone?)

Source: Heritage Foundation

Congress Votes For War With Iran

It's on -

Congress on Thursday approved tough new unilateral sanctions aimed at squeezing Iran's energy and banking sectors, which could also hurt companies from other countries doing business with Tehran.

The House of Representatives passed the bill 408-8 and sent it to President Barack Obama for signing into law. The Senate had approved it 99-0 earlier in the day.

The Real Effect
Does this look familiar at all? Let me see...could it be just like Korea, Vietnam, Iran, Iraq, Bosnia, Afghanistan, Iraq? In light of this vote, this development make the following statement that much more stunning -

Republican Congressman Dana Rohrabacher – reveals that almost all House Republicans now believe that the invasion of Iraq was not only a mistake, but also illegal and immoral.

“This morning when we taped our show for this weekend, Congressman Dana Rohrabacher, a right down the middle conservative Republican from southern California, former speech writer for Ronald Reagan, looked at me and said ‘almost all Republicans in the House of Representatives now believe that the war in Iraq was a mistake, that it was unlawful, that it was immoral, that it wasn’t worth the lives lost or the trillions that will be spent’,” Napolitano told The Alex Jones Show.

 For that to be true, the Republicans would have to vote against the sanctions on Iran and they just voted virtually unanimously to open a new front against another country which we have no justifiable beef with.

Only eight voted against. EIGHT! Where are these Republicans when we need them now!?! We cannot justify another war let alone pay for it!!!

Vote them ALL out in November. NO REPUBLICANS, NO DEMOCRATS! Save the eight the voted correctly. Especially Ron Paul.

Don't Taze My Granny!

And people wonder why I have little respect for modern policing methods -

Police Tasered an 86-year-old disabled grandma in her bed and stepped on her oxygen hose until she couldn't breathe, after her grandson called 911 seeking medical assistance, the woman and her grandson claim in Oklahoma City Federal Court. Though the grandson said, "Don't Taze my granny!" an El Reno police officer told another cop to "Taser her!" and wrote in his police report that he did so because the old woman "took a more aggressive posture in her bed," according to the complaint. 

The Real Effect
This is so contemptible and vile that there is very little that can be said about it other than what do young, strong police officers have to fear from an 86 year old, in a bed, on oxygen!?!

At least the Nazis respected their countrymen somewhat.

Police Brutality: NYC Cop Beats War Veteran Senseless

Israel and World War III - Part 3, Iran Attempt 2

Things are getting explosive near the country formerly known as Persia -

The Israeli Air Force recently unloaded military equipment at a Saudi Arabia base, a semi-official Iranian news agency claimed Wednesday, while a large American force has massed in Azerbaijan, which is on the northwest border of Iran.

In addition to reports of Israeli planes in Tabuk, Saudi Arabia which coincidentally has given them clear skies to conduct a raid. Of course the Saudis deny this because they really don't want a war with Iran vaporizing their oil fields.

Iran responds in turn with a war footing and points a finger at the US presence in the region -

At a press conference in Yerevan on Wednesday Ambassador Seyed Ali Saghaeyan claimed that Washington is contemplating a deployment of its troops in Fizuli, which is one of the seven Armenian-controlled districts around Nagorno-Karabakh. He further alleged that the American intention was to do so under the guise of a peacekeeping operation.

Is Iran blowing smoke here or is there more to this?



The Real Effect
 Unfortunately the evidence suggests that we are escalating against to the point of war against Iran.Let's consider the following points -

• Bilderberg stated that they are mostly in favor of a strike
• The USS Truman just arrived in the Persian Gulf after practicing bombing runs on Iran and there are reports of many more carriers coming to the area in the coming month.
• We're on the eve of a "major offensive" in Afghanistan
• Mchrystal has been relieved of command
• Four guided missile subs are deployed.
• Turkey and Brazil neutering the US attempt at defanging Iran, 
• The US is in a no-win situation in Afghanistan
• Reports of bunker busters being stored at Diego Garcia
• The egg on Israel's face with not only the Goldstone report but the recent flotilla raid as well
• Is Osama hiding in Iran?
• Massive amounts of US terror drills

With massive destabilizations happening in Turkey, Pakistan, Armenia, Korea,  Kyrzakstan as well as discussions of Al-Quaeda hitting us again, we are one attack away from some real special times here. The US just needs to get Russia and China to look the other way for a while; which it may have achieved.

July 11th is looking mighty fishy right at the moment.

The Meaning of "Austerity"

Bob Chapman Summarizes

Bob Chapman lays down reality -

• The Baltic Dry Index, a measure of commodity-shipping costs that’s tumbled 28 percent during its longest losing streak this year, may decline further, according to technical analysis by Barclays Capital.
• Fitch lowered BP’s credit rating 6 notches from AA- to BBB-, one notch above junk. Pensioners and other UK investors are about to get crushed, as if the black nobility run by the Queen and the Rothschild’s cared. It is obvious BP is destined for failure. Wait until the public finds out the oil fiasco was a false flag operation to pass Cap & trade and carbon taxes among other things.
• Government-sponsored mortgage purchasers Fannie Mae and Freddie Mac plan to delist their shares from the New York Stock Exchange.
• Total housing starts were at 593 thousand (SAAR) in May, down 10% from the revised April rate of 659,000 (revised down from 672 thousand), and up 24% from the all time record low in April 2009 of 477 thousand (the lowest level since the Census Bureau began tracking housing starts in 1959). 

Single-family starts collapsed 
• The state’s foreclosure crisis continued in May as the number of homeowners who lost their properties more than doubled compared with the same month a year ago, according to data released yesterday.
• The number of U.S. workers filing new applications for unemployment insurance unexpectedly rose last week as the manufacturing, construction and education sectors shed employees, adding to worries that the economic recovery is slowing.
• Factory activity growth plummeted in the U.S. Mid-Atlantic region in June, a survey showed on Thursday, adding to worries that the short and tepid U.S. economic recovery is now fizzling.
  The Philadelphia Federal Reserve Bank said its business activity index dropped to 8.0 in June from May’s 21.4. Economists had expected a reading of 20.9, based on the results of a Reuters poll, which ranged from 10.0 to 24.0.
• More than 90 U.S. banks and thrifts missed making a May 17 payment to the U.S. government under its main bank bailout program, signalling a rising number of lenders are struggling to meet their obligations. 

The Real Effect
Let's sum up shall we? Major corporations are going belly up, the Gulf is flooded with oil and there is no end in sight, Fannie and Freddie are still bankrupt and sucking funds like there is no tomorrow, housing continues to fall (including prices), unemployment is still rising despite U.S. Census hiring, factories are going idle, and banks are not paying back the U.S. taxpayers that were so gracious to give them a loan in the first place!

This is only a small list of things going massively wrong at the moment on top of a plethora of other items, like say the armada of ships heading to Iran at the moment. While I can somewhat agree that there are times to be prudent and analyze a given situation, we have known about the majority of these messes for over two years! And yet we still play this game of tax and spend, tax and spend.


The time for childish games is long past due. There are people lives on the line here and yet we continue to balk and obfuscate and pretend!

• Cut taxes! Immediately and across the board. End the income tax, property taxes and bring spending in line with the new level of income.
• End the bailouts! If the companies fail, then that is their fate. 

Above all, this nepotistic version of law enforcement needs to end so that the system can work itself out and America can regain its footing.

Banks In Oaxaca, Mexico No Longer Accept American Dollars

Predictions - US Economy

Please keep in mind that this was around an all time high on the Dow -


May 11, 2007 -

(Currency) in reality is a manufactured crisis -

Combine all of this with the massive inflation (I believe I saw 10.8% per annum), a collapsing housing market, aggressive energy prices and massive government spending which shows no sign of slowing and we have a recipe for disaster.

October 4, 2005 -

As I have stated already, combine this information with the upcoming housing market slowdown, the decline in personal savings, increase in household credit debt and many other economic factors and Houston, we have a major problem brewing.

I strongly believe this will lead to a panicked sell-a-thon which will flood the market with overpriced housing, driving the prices down to at least pre-bubble levels. This will leave many holding large outstanding debts as much of their investment's value plummets.

September 22, 2005 - 

I believe that we will see the economy start to stutter like a dying giant, staggering into a recession, if not a depression.

August 31, 2005 - 

I believe this is the first wave of the depression of 2005.

August 29, 2005 -

What I see is the makings of a possible economic 'perfect storm'. 

Look for an increasing economic slide of the economy in the 2nd half of 2005

A moderate to severe US economic collapse that would lead to further calls for 'free trade' and globalization.

Add-in a campaign of war in the middle east and a fiscal policy that is somewhat reminiscent of the "New Deal" and one is left feeling slightly chilled.

August 10, 2005 -

I believe that this will be accomplished by plunging the American economy dramatically, suddenly and then selling off her assets gradually over the next year ending roughly in June of next year.

Update -
Paul Krugman agrees

"We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost — to the world economy and, above all, to the millions of lives blighted by the absence of jobs — will nonetheless be immense."
- Paul Krugman, The Third Depression, June 28, 2010

Predictions - War

Russia 
April 5, 2006 - 
I do believe that Russia and China are very real and deadly military threats and that the last 17 years of diplomacy are nothing more than an attempt to lure the American people an military into a compromised position in order that they may easily secure dominance.

Iran
April 5, 2006 -  
Look for Russia and China to block the U.S. led Iran sanctions leading the U.S. to impose it's own economic sanctions.

China
April 5, 2006 -  
Russia and China, two enormous militaries, are tied at the hip to Iran. They will perceive this as a direct threat and will most likely launch an invasion against the United States and Israel.

Tea Party Reality Check

In this post, we look back at President George W. Bush's State of the Union address in 2007 in light of recent Tea Party absorption by the Republican party.

From the Real Effect (Bush's words indented)-

"First, we must balance the federal budget." "What we need to do is impose spending discipline in Washington, D.C."

Is this why Bush pushed for what is going to be the biggest program in the history of the Federal Government, prescription drugs for seniors? For the sake of "spending discipline"?

"Social Security and Medicare and Medicaid are commitments of conscience, so it is our duty to keep them permanently sound. "

This is a ridiculous statement. Just whose conscience are we talking about hear? The middle class that will be stripped to the poor house paying for these legal pay-for-votes in lost pay raises, increased property taxes, and income taxes? This also reveals that most politicians have no inclination what-so-ever to stop taking your money."

"you and I can fix Medicare and Medicaid – and save Social Security."

Isn't "fixing" Medicare a Democratic talking point? And would it really be so bad if Social Security died?

"We must increase funds for students who struggle"

I thought these student need help, not "funds". And what happened to "What we need to do is impose spending discipline in Washington, D.C."

"A future of hope and opportunity requires that all our citizens have affordable and available health care. When it comes to health care, government has an obligation to care for the elderly, the disabled, and poor children."

So you and I do not have an obligation to care for the underclass, it's the government that bares the load. Now if only they funded themselves...

"I propose a standard tax deduction for health insurance that will be like the standard tax deduction for dependents. "

Ah, the start of Universal Health Care coverage.

"this reform will level the playing field for those who do not get health insurance through their job."

Sounds like socialistic talk to me.

"I have asked the Secretary of Health and Human Services to work with Congress to take existing federal funds and use them to create “Affordable Choices” grants."

This would be the next step in Universal Health Care.

The Real Effect
Now, I propose a question to all tea party folk out there - What is the difference between Bush's stated positions and Obama's? Iran, healthcare and "responsible" spending? Sounds the same to me don't you think?

Where were the Gadsden flags? Where was the outrage? Come to think of it, what is the solution? Oh, that's right, the Republican party. I'm sure they've learned their lesson while they've been in the doghouse. I'm sure they won't turn out to be a bunch of back stabbers.

What? The great Massachusetts hope, Scott Brown?

Oh...

Predictions - World Religion

The Real Effect - Religion
March 22, 2006 - 

Look for continued debate on this particular subject (global religion) with the emphasis being on 'ending all the killing in the name of religion'.

Predictions - Gas and Oil

The Real Effect Review - Oil


June 15, 2005 -

This combined with the information released from this years Bilderberger meeting stating from multiple sources (Henry Kissinger being one) that crude would at least double perhaps triple over the next year. (August 2007)

June 21, 2005 -

I believe it would be reasonable to anticipate $2.50 gas within 3 months. ($2.10 at publication, prediction occurred August 8, 2005)

June 27, 2005 - 

I believe this will lead to the increase of gasoline prices by about 5% in the near future resulting in roughly $2.45 gas in the southeastern WI area. ($2.10 at publication, prediction occurred August 8, 2005)

August 08, 2005 -

Look for gas prices to continue to etch up in increments as the cost of crude explodes. ($2.50 at publication, prediction occurred September 7, 2005 - $3.05)

August 31, 2005 - 

Look for...yet increasing gas costs looking to take on the $4 benchmark. ($3.05 at publication, prediction occurred August 2008)

September 22, 2005 -  

Look for oil to explode well over $3 a gallon ($2.80 at publication, prediction occurred April, 2008)

January 23, 2006 - 

Look for gas prices to rise to roughly $2.70-$2.85 over the next few months to set the pace for $4 gasoline this summer. ($2.25 at publication, prediction occurred April, 2006; Gas did not hit $4 until June of 2008)

April 11, 2006 - 

I believe oil and gasoline costs will continue to spike by 5-10% or 30-50% if the Straits are blocked over the next 2-3 months. (+ 12%  as of July 14, 2006, the Straits were not blocked) 

April 27, 2006 -

Watch for gas prices to spike another 5-10% probably tomorrow but as late as a week from now in response to Iran's 'repeated demonstration of defiance of the international community'. That would raise local gas prices from $2.99 to the range of $3.09-3.29. (Flat, no increase occurred)

June 9, 2008 - 

I believe gas starts to creep up incrementally. It’s $3.99 now, perhaps $4.09 tomorrow, $4.19. (Prediction occurred July 2008)

September 17, 2008 -

The price will continue to fall or hold near this level as the "leaders" have sold off their oil at the peak a short time ago. For now, oil is not a factor, but will later play an enormous role when it aggressively retakes the amount that it has lost and then some. (Timeframe: 6 - 12 months) ($3.65 at publication, prediction occurred October 2008 - December 2008, June 2009 & Ongoing)

The Real Effect - On Target Five Years and Counting

Happy five year anniversary!!

Thank you to all my readers both casual and regular for making this what has been an interesting experience in analysis and prediction.

Dispensing with my old policy of 'not altering' historic text, I have tagged all old posts and corrected for spelling, format and in a few places grammatical structure and context to aid in reading comprehension, thereby allowing for a far easier read than what had been a rushed, non-proof read analysis. This has in no way altered my past predictions, even those that are less than stellar. 

With that in mind, here's to five more years with even more stunning predictions!

States Going Belly Up Part 9 - State Pensions Are Getting Slaughtered

Illinois is in a world of hurt, from Zero Hedge -

...at the 61% underfunded, $33.7 billion Illinois Teachers Retirement System (TRS), which just happened to lose $4.4 billion in 2009 (a year when, courtesy of America's conversion from capitalism to socialism, the market rose 60%), and 5% in2008. Yet underperformance can be explained. What can not, is that the TRS has now become a shadow AIG. As Harris notes "TRS is largely on the risky side of the contracts, selling and writing OTC derivatives, including credit default swaps, insurance-like contracts that guarantee payment in the event of a default, that were blamed in part for the 2008 collapse of Lehman Bros. and bailout of insurance giant American International Group Inc., or AIG.

The Real Effect
As I posted back on November 16, 2009 -

States will declare bankruptcy, Republicans will point at Democrats and Democrats will blame Republicans.

While it hasn't happened yet, we are at most a one to two years away from this realization. Now the Feds may come in and guarantee that debt and we might see some bookkeeping shenanigans, but the states will be bankrupt none-the-less.

Now just who is going to invest in these funds? The citizens? They're broke. States? Hardly. Perhaps the Feds?

President Obama urged reluctant lawmakers Saturday to quickly approve nearly $50 billion in emergency aid to state and local governments, saying the money is needed to avoid "massive layoffs of teachers, police and firefighters" and to support the still-fragile economic recovery. 

And again on November 24, 2009 -

Basic boil down - the consumers are broke, this is breaking the states and the Fed will back some amount of state debt. This is and will lead to a Federal debt bubble. This is the last line of defense and when this bubble breaks, all hell will break loose.

And as if prescient, precisely one year ago today I posted this among other things- 

States will declare bankruptcy, Republicans will point at Democrats and Democrats will blame Republicans.

 But wait! There's more! Stay tuned for the Real Celebration...

Greece Gets Hit By the Ugly Stick

ZH posts on Greece getting downgraded four notches by Moody's -

Moody's Investors Service has today downgraded Greece's government bond ratings by four notches to Ba1 from A3, reflecting its view of the country's medium-term credit fundamentals. Today's rating action concludes the review for possible downgrade, which Moody's initiated on 22 April 2010. Moody's has also downgraded Greece's short-term issuer rating to Not-Prime from Prime-1. Greece's country ceilings for bonds and bank deposits are unaffected by the review and remain at Aaa (in line with the Eurozone's rating). The outlook on all ratings is stable.

The Real Effect
If anybody thinks the markets are going to like this, they're out of their minds.

The spiral continues as debt becomes more and more expensive to service, it becomes more and more likely there will be a default. Look for news to start spreading that the "contagion" is spreading again, taking other countries with it as the wagons circle for the inevitable global crash.

Congressman Assaults Student on Washington Sidewalk

Update: Rep. Bob Etheridge responds to the situation with nonsense -

“I have seen the video posted on several blogs. I deeply and profoundly regret my reaction and I apologize to all involved. Throughout my many years of service to the people of North Carolina, I have always tried to treat people from all viewpoints with respect. No matter how intrusive and partisan our politics can become, this does not justify a poor response. I have and I will always work to promote a civil public discourse.”

Gerald Celente Breaks Down The Troubled Financial World Markets

Israel and World War III - Part 2 (The Christian/Judaic/Muslim Religious War)

Unfortunately this plays into a theme that I've been contemplating and posted on for a good five years: the endgame religious war.

At this time I wish to assert that we are in a global game of chess, for those in doubt view Zbigniew Brzezinski's The Grand Chessboard and at this moment the chess pieces are being arranged for a catastrophic war. The nature of the war might not be as obvious to those who don't view the problem from a bird's eye view, instead gaining expertise on veritable minutia from up close, but upon a grander inspection, the objective comes clearly into focus.

For years, there has been clarion calls to "unify" under religion and while the somewhat vague calls of ending violence, war, and persecution are in themselves noble goals, mankind has demonstrated a penchant for doing the exact opposite of what he intends to do. History is replete with well meaning dictators that despite their best efforts, end up causing the very thing that were attempting to avoid in the first place through actions designed to prevent that very thing from happening.

All of this does not excuse us from living in peace with our brothers, rather it demonstrates the futility of attempting to "force" peace. On it's face, the concept is oxymoronic but an understandable conclusion of those who have witnessed far too much tragedy in their myopic lives. To illustrate let us examine the words of former President Bush -

If this were a dictatorship, it'd be a heck of a lot easier, just so long as I'm the dictator.

Unfortunately this is a god complex held by many, self included, at one point or another in our lives. "If only I could fix the world" is the rallying cry for many collegiate bound students and beauty pageant contestants. However, this assumes many erroneous things:

1. That the "world" is "broken"
   
2. That you possess sufficient knowledge to "fix" it
3. That others will be willing participants in said "fix"
   

Many astutely acknowledge point 1 only to leapfrog point 2 directly to point 3. The problem becomes that point 2 is a major issue, not a minor one worthy of ignoring. As such, they quickly deduce that the real problem is point 3. That others are not willing participants in the Great Fix is their issue with "authority". Any attempt to dissuade the individual from implementing the Great Fix results in a host of responses from denial to derision to outright assault.

Unfortunately for us, many of our "authorities" are little more than over-reaching librarians (No offense meant for librarians) and ardent subscribers to the Great Fix theory. Their self-importance knows few bounds and their quest is true, therefore everyone who disagrees with their point 3 is the enemy.

This is true irregardless of the nature of the division, be it race, politics, gender or faith. When these individuals reach the level of "authority", their audacity often becomes limitless. Countless meetings are held and scores of individuals have died at the hands of those who would fix the world in the last century alone. Most if not all of it a waste of epic proportions.

It is in this spirit then, that we examine these individuals and their next great war. For simplicities sake, we shall call it World War III.

I will assume for the moment that the goal of this war is to effectively end all religion save the Alpha religion. This does not mean that the beliefs will cease to exist, merely that the public and "authoritative" adherence to such beliefs will eventually become the grounds for censure and eventual execution. Put another way it will most likely result in a lack of tolerance for any religion that isn't officially (governmentally) sanctioned.

The religious nature of the new war is not obvious upon first glance, primarily because neither side is trumpeting their religion as their primary reason for entering the war, but that does not deny the reality that it is there. The goal is to create a group think mentality, it's us vs. them . This will be used to not only destroy both sides, but to demonize them as well create legitimacy for their successor.

We shall examine more specifics of the parties involved in part 3.

Mirror, Mirror on the Wall, When is the Next AIG to Fall? - Marc Faber

2010 Bilderberg Recap

Jim Tucker delivers the goods again -

Turning to Iran, Tucker said that many Bilderberg members, including Brzezinski, were in favor of U.S. air strikes on Iran and were “leaning towards war,” although 100 per cent of members were not supportive of an attack.

“Some of them in Europe are saying no we shouldn’t do it but most of them are in favor of American air strikes on Iran,” said Tucker, adding, “They’re tilting heavily towards green lighting a U.S. attack on Iran.”

 On the Euro -

On the subject of the euro, Tucker said that the Bilderberg elitists were determined to save the single currency even as it collapsed to a new 4-year-low at $1.19 against the dollar yesterday afternoon. As we have highlighted, the globalists are panicking at the euro’s fall and the ECB keeps intervening to try and hasten its decline. If the euro were to cease to exist, it would all but derail the ultimate agenda for a global currency because the perceived stability of using one currency for a plethora of nations would be discredited.

Perhaps this sheds light on my comment from 2008 -

European Union -They will be hit by this economic downswing, but where the US will be ravaged by this downturn, the EU will "weather the storm" precisely because they are the EU. This will lead for calls to imitate them with the North American Union in order to survive.

Back to Bilderberg and gas -

“Gas prices are going to be nice and cheap this summer,” said Tucker, adding that they would start to rise again to the $4 a gallon level around November when artificial scarcity is created.

American Union -

On the march towards anti-democratic global government, Bilderberg members stated that America must be “Europeanized” and turned into a giant socialist welfare state with health rationing and higher income taxes.

And the official participant list can be found here. Notice all the bankers including the Greek financial minister George Papaconstantinou. We do know that Ben Bernake, head of the Federal Reserve attended in 2008 before all the economic crashings, the question is, was he here this year?

The Real Effect
This blog was started almost five years ago on the heels of the 2005 Bilderberg conference with some of the source material being attained from leaks during that conference.While this information proved invaluable and helped me mold some of my specific predictions, it did not form my views, only to substantiate and enumerate them.

Given that, here is my fear. While the Bilderbergs are frightened, they are not stupid. They knew years in advance that we would figure this out and have planned accordingly. I suspect that this is designed to be like one giant Judo move, using the weight of our movement against us.We must be careful and vigilant, there is no shortage of patsies and shills that the globalists are parading in front of the camera to set up the dangerous "Patriot" narrative in the minds of the sheep. We must remain vigilant against federal goading into violence by adhering to a peaceful resistance of education. This will break the conditioning.

Time is running short and the group is wasting no time in implementing their agenda as the Iranian war moves to the front burner, again. (They were denied their war in 2006.) Look for increasing conditions of hostility moving towards war with either Iran, North Korea or China outright. In order for this to work, they need to hook in Russia and China for revenge at a later date. (Say 3 and 10-ish years from now respectively.)

In addition, there is no room for a U.S. in the New Global Order, so look for our power to either be redistributed or decimated. This will be part of the new religious war that I have discussed, but the payoff is not quite here, yet.

Delegate Flashes Victory Sign

Bears Take Over - Full Routing In the Economy

Can you see the United States economy? It's the salmon on the right -

Stocks fell to their lowest level in seven months Monday after traders couldn't shake fears that Europe's economic problems will derail a global recovery.
The Dow Jones industrial average fell 115 points, or 1.2 percent, to its lowest close since November. The Dow lost 323 Friday after the government's May jobs report fell short of expectations.
Broader indexes logged steeper percentage drops Monday. The technology-focused Nasdaq composite index fell 2 percent.
Monday's drop was a smaller-scale repeat of Friday as traders again dumped stocks in the final hour. That signals traders would rather sell than be hit by surprises, especially because Europe's business day begins before trading opens in the U.S. Some traders say the slide has been overdone but that the market isn't likely to find much stability until there is a better sense about how Europe's economies will hold up under heavy cost-cutting.

The Real Effect
Here's a hint, it's not going to hold up under heavy cost-cutting seeing as how you are slitting the neck of the goose! It amazes me that they are unable either to see or acknowledge that it's primarily government spending that is killing the patient. Let us return to our sugar analogy of 2008.

Imagine for a moment that your patient is alive, but only because of the sugar doses which are at near fatal levels. Continually introducing more sugar keeps the patient alive, sort of. While stopping the symptoms of death, it is actually the causation of the destruction in the body. The correct response is NOT to remove the sugar at this moment as it will flatline the patient, but to stabilize the patients own nutrients. Give the man a tax-cut sandwich for heaven's sake!

This will not remove the immediate problems but will set the stage for removal of stimulus later. In plain English, if you remove the government stimulus now, the results will be immediate and painful death. If you remove barriers to production, the positive results will be fast and furious. Cut taxes on capitol gains, gasoline, eliminate income and property taxes and above all repudiate all interest on the national debt as fraudulent and odious.

Of course this will bankrupt some banks, but they are walking dead anyhow only propped up by the corpses of the American taxpayer.

Euro "Contagion" Spreads - Connecticut Takes a Ratings Hit

Oh how the mighty have fallen -

Connecticut is preparing to borrow $956 million to close a budget gap in the fiscal year beginning July 1, after borrowing money last year to cover a deficit of $947.6 million. Not good. Fitch has reduced the states credit rating from AA+ to AA.

“The downgrade reflects the state’s reduced financial flexibility, illustrated by its reliance on sizable debt issuances during the current biennium to close operating gaps in the context of already high liabilities,” Fitch said.

Connecticut is the wealthiest state on a per capita basis with personal income of $54,397 in 2009, according to Department of Commerce. 

 The Real Effect
Remember this?

Look for default to begin causing defaults across the globe as this crescendos into a global sell off.

Or this?

Look for States to get desperate as the lines get drawn in the sand. With increased pressure on the States to balance their budgets (Oh the horror!) and the plebs being instructed to make double the bricks with less straw, the US starts to resemble the situations over in Europe more and more.

 Remember, this is how things started with Greece and the officials told them it was "all fine".

World Govt Non-Elect: Engdahl on Bilderberg

Israel and World War III - Part 1

 January 1, 2006 -

Yet on the horizon still looms North Korea and most likely China. Perhaps 2009?

Wednesday, February 22, 2006 -

I believe that this has moved past the propaganda phase and has moved into the implementation phase where they will drive the world into a religious war in an attempt to harmonize the religions into peace. Problem, reaction, solution.

Wednesday, June 28, 2006 -

This situation in the Gaza strip has got me a tad bit worried. It seems like an absolute powder keg waiting to go off. This could evolve into an extremely dangerous situation.

Sunday, July 16, 2006 -

I see the situation as going a little something like this:

• Israel continues to assert their right to "defend themselves". Something that they have been virtually unwilling to do for the last twenty years.
• This leads to more and more involvement with neighboring nations such as Syria, Iran and to a lesser extent China, Russia, Venezuela and North Korea.
• Hezbollah continues to schalack Israeli cities. (Tel Aviv told to be on rocket alert)
• Other countries begin to remove their people and send in peacekeepers/forces to assist which inevitably become targets. (U.S. Evacuation Teams Arrive in Lebanon)
• Fixed intelligence links the aforementioned nations of Iran, Syria and then Russia and company justifying war. (Bush Suspicious of Iranians) 

Tuesday, September 12, 2006 -

Of course I have stated repeatedly that Iran and Syria are in the crosshairs and that is only a matter of time.

Thursday, September 13, 2007 -

I have said and will say again that this is escalation warfare designed to destroy the American will and ultimately the United States itself. With the logical progression being: Afghanistan -> Iraq -> Iran/Syria -> North Korea -> China/Russia(Japan?)  

December 18, 2009 -

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?

Tuesday, March 02, 2010 -

All the chess pieces are being set in place: the angry robbed world public, the warring nations (Israel,Gaza, Iran, Syria, US, Russia, China, Pakistan, India), the spiritual void, all of this will give way to a great war which will dwarf all wars up until this point. At which point a great Phoenix event will occur which will burn the world into adoring submission. 

Friday, March 05, 2010 -

Look for this area (Jerusalem) to become the stumbling block for the whole world as the Phoenix event is set into motion. Perhaps I will illustrate the concept more thoroughly in a later post. Until then, look for rhetoric and action to ratchet upwards like runners positioning in a race. Once the gun fires, watch out for the fireworks.

Thursday, March 18, 2010 -

Third Intifada begins?

Thursday, April 15, 2010 -

1. The depression will give way to war, probably a world-wide war.
2. The elite want the war because that allows them to consolidate their power and remove potential challenges to their power.

Monday, April 26, 2010 -

Perhaps now would be a good time to investigate what liberty really is. Or perhaps you'd rather wait until the World War breaks out?

Wednesday, May 12, 2010 -

in addition rumors of war in the Mideast.

Keep your eyes open folks and get to the bottom of every story. These are the times in which the world's "rules" are rewritten by the victors of the upcoming war.

Thursday, May 20, 2010 -

Anybody notice the plethora of wars starting - Mexico, Afghanistan, Iraq, Pakistan, Korea, Israel, Lebanon, Syria, Gaza, Iran. It's like they planned this. Let me see...World War I, World War II, eureka!

Walter E Williams - Discrimination and Liberty

Global Economic Armageddon?

Bloodbath sums it actually quite nicely -

The correction, soon to be crash, is here: the market had a bigger relative open to close move today than it did on May 6. We closed at the day's lows on massive volume, despite definitive central bank intervention, regardless whether it was the SNB, the ECB, or the Fed. The central planners have lost control of the market, and all thanks to the inevitable collapse of hyper capitalist Keynesianism coming out of the formerly most communist country in the world. A day of ironies. And it's not over. Futures are already down another 4 handles. The correction is coming, and it will be a bloodbath. The Fed can not push rates lower. It will print. It is inevitable. It is our destiny.

The Real Effect
Time is running out and the animal spirits are beginning to succumb to the rock solid laws of supply and demand. Keynesians, you can't outrun, outprint, or outspend the market laws and sooner or later they're going to catch up with you and scalp you.

I can see the history books now - "Experts disagree over whether Obama spent too much or not enough to stimulate the economy." It's the DEBT dingbats! If you ignore the debt, like the dread pirate Roberts it will come for your soul.

Anybody notice the plethora of wars starting - Mexico, Afghanistan, Iraq, Pakistan, Korea, Israel, Lebanon, Syria Gaza, Iran. It's like they planned this. Let me see...World War I, World War II, eureka!

Tomorrow should be a very revealing day, my guess is that it will be the reckoning day.

European Wave Gathers Intensity

The economic tidal wave is building strength -

How bad is it? Up Issues on the NYSE is at 3%. Only 2 other days since 1950 were worse, 9/26/55 and 10/19/87.$

It’s not just American markets feeling the pressure today

• France’s CAC 40, down around 2.7%
• Germany’s DAX, down around 2.9%
• UK’s FTSE, down around 2.5%
• Spain’s IBEX, down around 2.5%
• Italy’s MIB, down around 2.5%
• Portugal’s PSI, down around 2.8%

The Real Effect
What we are witnessing is going to be talked about in the history books for millenia. There is a fundamental change in the way the middle-class and below of the world view the world. An "enlightenment" if you will. Here is the crux of the problem though. The globalists understood that the sheep would wake up, in fact they anticipated and planned for it by naming it the IMF riot. The relevant question is, who can outflank who here? Will the people get to the globalists before they are able to pull the trigger on the full police state?

Look for capital to fly from asset to asset, looking for a safe harbor, yet there is very few left to be found. As I write, Japan is getting savaged. So they look to gold to save the day, yet the ETF's are fraudulent as well, which ends up skyrocketing the cost of gold. Ladies and gentlemen, the fireworks haven't even started yet.

How to Prevent Citizens from Seeing Their Congress Critter? Claim His Office is Private Property

Moment of Truth - Rand Paul for US Senate

Kurt Nimmo chimes in on Rand Paul's apparent shoo-in for the Kentucky Senatorial seat -

The Public Policy Polling survey conducted May 15-16 shows Mr. Paul leading Mr. Grayson by 52 percent to 34 percent with three other candidates splitting 7 percent and 7 percent undecided.

Grayson, who is the neocon favorite and Kentucky’s chief elections official, said Paul is overconfident and could be disappointed when votes are counted Tuesday evening, according to the Associated Press on May 17. Grayson is confident he will win even with Paul’s substantial lead.

In March, Infowars.com reported on the possibility of vote rigging in Kentucky. The Paul campaign complained about Grayson’s conflict of interest as the state’s top election official but the Kentucky Executive Branch Ethics Commission did not consider it important.

 The Real Effect

Several points that need to be considered -

1. Rand is 18 points ahead. The day before. This is a no-contest.
2. It is too late for a "game changing" revelation.
3. Grayson is in charge of the election.
4. For all those who say that Ron Paul was not viable. Shame on you! No, double shame on you!

If Paul ends up losing, something is seriously rotten in Denmark. A lot of the future will depend on contests like this. If he wins, Paul will have a serious bully pulpit to do some hardcore thrashing of Keynesian ideology and galvanize the Tea Party movement towards bigger and better things.

Tim Hawkins - The Government Can

States Going Belly Up Part 8 - The Panic Seeps In

Fallout intensifies for The Dutch, Greece, Thailand, and most importantly the U.K.,

Perhaps what is even more compelling is what is happening closer to home. From New Hampshire -

The state’s budget deficit gap has widened to a projected $290 million and thus far state House of Representatives budget writers failed to come up with enough proposed revisions to erase the entire deficit.

Numbers released Tuesday by the Departments of Revenue and Administrative Services predict a $200 million shortfall in revenue this biennium. The governor had estimated revenue would come in about $130 million short. But when adding other factors, such as the loss of money from the Joint Underwriting Association’s medical malpractice fund, the total budget shortfall that the state is facing could be close to $290 million.

 Nebraska -

At least one state senator believes a special budget-cutting session looks more likely, with Nebraska tax revenues falling $56 million behind projections for the year to date.But other state officials saw a few glimmers of hope in a report released Monday on April tax revenues.

 Kentucky -

The Office of State Budget Director reported Monday that revenue to the state General Fund was 5.4 percent below the level for April 2009.The General Fund took in $782million last month, compared with $826.7million the previous year.

And the grand daddy, California -

The state's expected revenue from personal income taxes fell about $3 billion short of expectations in April, prompting concern about further state cuts as the governor prepares to submit a revised budget to the Legislature.

 The Real Effect
Not only are the States broke, so are the ones that actually pay the bills, the taxpayers. Hence lower revenue. Who wants to bet that this is only going to get worse?

Look for States to get desperate as the lines get drawn in the sand. With increased pressure on the States to balance their budgets (Oh the horror!) and the plebs being instructed to make double the bricks with less straw, the US starts to resemble the situations over in Europe more and more.

The first move which is already more-or-less occurring is for States to cut "essential" services in an attempt to cajole the populace into being generous. But the serfs have had enough and won't tolerate much more cutting. So the game of chess continues with States enforcing ever increasing "voluntary" fees. Of course, should the serf not pay said voluntary fee, there is always a nice cell waiting for him.

Knowing their back is up against a wall, look for States to start to moan to the Feds about a State emergency fund similar to Europe's. Except, this ploy won't work either. After all someone has to pay the piper and the globalists seem to feel it's you.

But this is exactly what the IMF and globalists want to stoke the riotous fires at home.

Carnage...Rumors Fly

According to Zero Hedge -

Kitco.com has sparked rumors that Germany will leave the Eurozone and reintroduce German Marks, sending gold to a new record of $1,244 and silver to a multi-year high of $19.64.

In a literal translation Gysi did not say that Germany will reintroduce the Mark but made a curiosity-inspiring statement, saying that there may be some very important news that will be announced on Friday.

He wrote he will publish a picture of the new Marks on Thursday morning. He also said the currency change would happen this weekend with German chancellor Angela Merkel scheduled to give a speech to the nation on Friday evening.  

As we see the rapid destruction of the next fiat currency - all of them have failed in the past 3 centuries - rocketing precious metals prices prove once more there is no other safe haven when the going gets really tough.

The Greeks want nothing to do with so-called "austerity" (rightfully so), protesters are going crazy in Ireland and Romania,  Spain is cutting salaries, Iceland is arresting bankers, ECB monetizing Europe's debt, and in addition rumors of war in the Mideast.

 

At home we have an Air Force Base being locked down an errant satellite, gold exploding to all time highs, California melting down, 40 million on food stamps,and rumors of North Koreans targeting the Deepwater Horizon with torpedoes.

 

With all of this hot on the heels of the stock vaporization on Thursday, it is definitely an interesting time to be alive.

The Real Effect

Keep your eyes open folks and get to the bottom of every story. These are the times in which the world's "rules" are rewritten by the victors of the upcoming war. And if you think the insanity stops there, well, you better rethink your position.

A Nightmare on Wall Street

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Peter Schiff – Bailout American Style

Spend a Trillion, Nothing Changes

Karl Denninger quickly and accurately describes the problem -

The "currency speculators" - cough - BANKS that were shorting the hell out of the Euro.


Let's see if I can figure out what's happened here.

1. Banks shorted the Euro, (correctly) surmising that Greece, Portugal, Spain and others can't possibly cover their debts.
   
   
2. The ECB freaks out as the Euro heads toward PAR and calls "emergency meetings" (forgetting, I might add, that the Euro traded under PAR not that long ago.)
   
   
3. The ECB and Eurozone decides to "defend" the Euro with €1t in "defensive measures", including buying bonds of bankrupt sovereigns (gee, that's nice - monetization by another name.) Since the ECB and EuroZone cognescenti is of course connected to the large banks in Europe (including France, where Sarkozy is located) these banks know to back off on Friday (notice the nice little uptick?) to lock in their bonuses from these insanely-profitable trades against their own currency.
   
   
4. The very same banks, including the ones in Sarkozy's back yard, see the very nice spike and short the Euro even harder, (correctly) surmising that they have successfully stuck the gun up the nose of the ECB!

Rinse and repeat until you have all the money.

The Real Effect
Whaaat? Throwing a trillion at the bankers didn't fix it? Who would have guessed?

Gold and silver are breaking out above their highs, the Euro is still falling and the elite have 1 trillion more. Isn't this THE definition of insanity?

Look for massive volatility as the "market" convinces the "government" that they need MORE money. Meanwhile, all the money that is being thrown at "the problem" isn't actually doing or going towards what our "elected" representatives tell us it is. The correct term for all of this is FRAUD.

What the banks are selling their customers is fraud, what the representatives are doing with the criminal cases is fraud, the reasons for taking your money are fraudulent, and when everything is predicated upon fraud is it any wonder their is no confidence in the system?

Look for the situation to continue.... What? It's going on already!?!

Gerald Celente on The Dow Collapse

Market Seizure, Europe Enters the Storm

The financial storm hits with full force -

Greece’s fiscal crisis took a new turn to violence Wednesday when three people died in a firebomb attack amid a paralyzing national strike, while governments from Spain to the U.S. took steps to prevent the widening financial damage from hitting their own economies.

US markets are getting killed and overseas they're getting slaughtered. Wait, the market just took a headshot with the Dow down 8%! Gold is over 1200.

To make matters worse, the 'contagion' has already spread beyond Greece. Primarily the UK is the recipient at this moment as reports indicate it's budget deficit will hit 12% of it's GDP.

The Real Effect
Looks like 2008 all over again. Told you so.

I believe that we will witness a somewhat separated/isolated stage in Europe for a little while. (A month?) This will place the EU debt crisis ahead of the US debt crisis. I believe the meltdown will be fast, vicious and 'unforseen'.

Vox has a great article up on Capital Controls in the EU which may help to illuminate some of this position a bit more.

Like a cat this market has nine lives, the question is, which one are we on?

Times Square Bomber Thoughts

McCain proves he's a hack when discussing the bomber -

"Don't give this guy his Miranda rights until we find out what it's all about," McCain added during an appearance on the Imus show, which is broadcast by the Fox Business Network.

McCain's remarks echo Republican complaints in the aftermath of the attempted bombing of a flight en route from Amsterdam to Detroit on Christmas Day, when Umar Farouk Abdulmutallab, the suspect in that case, was immediately Mirandized and given full criminal rights.

Republicans say that suspects like Abdulmutallab and potentially Shahzad should be classified as an "enemy combatant," which gives authorities more leeway in seeking intelligence through interrogation and other methods.

 So which is torture? Interrogation or "other methods".

McCain said Shahzad's apprehension "gives you a little encouragement about the improvements we've made since 9/11."

Improvements? What would those be McCain? As if that's not enough, there's this story out of New York -

New York officials say they could stop attacks like the attempted Times Square car bomb by expanding a controversial surveillance system so sensitive that it will pick up even suspicious behavior.

But Saturday's failed terrorist bomb in the Times Square tourist hot spot has provided the authorities with a new argument for expanding a sometimes controversial security blanket of cameras, sensors and analytical software.

The system "will greatly enhance our ability and the ability of the police to detect suspicious activity in real time, and disrupt possible attacks," Mayor Michael Bloomberg said Monday.

 The Real Effect

Has anyone else here noticed that there is a direct correlation between the nature of the police's response to an attack and the relation of the timing of the attack?

For instance, if the police are talking about future attacks, their "tools" are insufficient and they cannot be held responsible for anything because they are ill prepared.

Yet if they receive these tools and an attack does occur, they are not responsible because there is a bigger, "better" system out there somewhere that  could have stopped the attack, but woe is them, if they only had it. Sadly it reminds me of our educational system and the whole stinking problem.




Throwing money alone at problems never fixes a thing and many times it makes the situation worse. This cycle is by no means even started yet as all sorts of idiots from all across the world will "declare war" on policy (just as dumb as the war on terror) and use idiotic tactics to make a non-salient point.

Did I mention that this covers government as well as "civilians"?

Keiser Report meets Schiff Report

Depression Reminders

The Market Ticker takes us for a stroll down memory lane, circa 1931 -

"Financial storm definitely passed." - Bernard Baruch, cablegram to Winston Churchill, November 15, 1929
"I see nothing in the present situation that is either menacing or warrants pessimism... I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress." - Andrew W. Mellon, U.S. Secretary of the Treasury December 31, 1929
"I am convinced that through these measures we have reestablished confidence." - Herbert Hoover, December 1929
"[1930 will be] a splendid employment year." - U.S. Dept. of Labor, New Year's Forecast, December 1929
"For the immediate future, at least, the outlook (stocks) is bright." - Irving Fisher, Ph.D. in Economics, in early 1930
"...there are indications that the severest phase of the recession is over..." - Harvard Economic Society (HES) Jan 18, 1930
"There is nothing in the situation to be disturbed about." - Secretary of the Treasury Andrew Mellon, Feb 1930
"The spring of 1930 marks the end of a period of grave concern...American business is steadily coming back to a normal level of prosperity." - Julius Barnes, head of Hoover's National Business Survey Conference, Mar 16, 1930
"... the outlook continues favorable..." - HES Mar 29, 1930
"... the outlook is favorable..." - HES Apr 19, 1930
"While the crash only took place six months ago, I am convinced we have now passed through the worst -- and with continued unity of effort we shall rapidly recover. There has been no significant bank or industrial failure. That danger, too, is safely behind us." - Herbert Hoover, President of the United States, May 1, 1930
"...by May or June the spring recovery forecast in our letters of last December and November should clearly be apparent..." - HES May 17, 1930
"Gentleman, you have come sixty days too late. The depression is over." - Herbert Hoover, responding to a delegation requesting a public works program to help speed the recovery, June 1930
"... irregular and conflicting movements of business should soon give way to a sustained recovery..." - HES June 28, 1930
"... the present depression has about spent its force..." - HES, Aug 30, 1930
"We are now near the end of the declining phase of the depression." - HES Nov 15, 1930

Then there was this little "event" in 1931.
Creditanstalt.

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