


Owners of capital will stimulate the working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalized, and the State will have to take the road which will eventually lead to communism.– Karl Marx, Das Kapital, 1867
Oh, only a 48-55% increase in government debt, well at least we're not crazy like Japan. At least we're not selling our children into slavery with interest payments via the IRS.
Let's get a few things straight here:
• "They" are not "us". If the banks fail, then let them fail! It is the consequence of their consummate greed in over-leveraging these loans. This money used for the bailout is coming out of your pocketbook and going into theirs. When was the last time a bank or corporation was this nice and allowed you to set your debt aside at their expense?
• "You" will be left holding the bill. Your children and grandchildren will be held responsible for paying off this debt when it comes due.
• This will not fix the real problem. Do you really think giving someone a free ride when they are being greedy is going to change the behavior? There is no negative incentive for them not to participate in the behavior.
• The downside to this is way above one trillion - This figure is optimistic. If things get ugly, the taxpayers are holding tens, if not hundreds, of trillions of dollars in these "toxic" loans.Oops... The Real Effect, dead on! Note the following – You are being charged for this bailout via direct taxation through the IRS and the confiscation of your money in Kansas and California. This information was posted in September before the bailout package passed and it did nothing to fix the problem.
“On the supply side, an assortment of factors seems poised to trigger new waves of foreclosures that will continue to bloat inventory. They include the expiration of foreclosure moratoriums, more underwater "walk-away" homeowners, pending recasts of option ARM loans, rising delinquencies in prime and Alt-A loans, and soft sales of high-end homes.”
Any way you slice it, this is one freaky number. The long and short of it is that the Illuminati believe that man(6) can wield dark magic(66) to achieve evil things. (6+66).
Other points to note:
The Real Effect
Watch yourselves out there. I desperately pray that I am wrong. Either way, we’ll see in a few hours.
The Telegraph speaks about the junkie's need for a bigger dose of the good stuff.Yesterday's move by the US Federal Reserve, the European banks and the Bank of Japan to douse the global banking system with $184bn (£101bn) may get us through the week without another catastrophic failure, but it does nothing to halt the downward spiral into debt deflation.The Real Effect
The yield on three-month Treasury notes remains near zero - a level last seen after Pearl Harbour - reflecting a near total loss of confidence in all financial instruments. The five-year CDS credit default swaps on a great clutch of America's biggest companies are flashing imminent bankruptcy signals: Washington Mutual (2638), General Motors (2284), MBIA Insurance (2187), Advanced Micro (1773), Ford Motor (1718).
Former Fed chief Paul Volcker is now calling for a vast sink - underwritten by the US taxpayer, and modelled on the Resolution Trust Corporation (RTC) - to soak up trillions of dollars of toxic debt and asset-backed securities once and for all.
"Until there is a new mechanism in place to remove this decaying tissue from the system, the infection will spread, confidence will deteriorate further, and we will have to live through the mother of all credit contractions. This contraction will undercut the financial system, and with it, the broader economy," he wrote in a joint article with other elder statesmen.
"It will in the short run require serious money. But a failure to act boldly would cost the taxpayer and the country far more. The pathology of this crisis is that unless you get ahead of it and deal with it from strength, it devours the weakest link in the chain and then moves on to the next link. Crisis times require stern measures."
How much would it cost? Prof Kenneth Rogoff, former chief economist at the IMF, says the bill would run to at least $1 trillion. This would increase the US government debt from 48pc to 55pc of GDP (under IMF measures) - still lower than that of Germany, France, Italy or Japan. (Reminds me of the argument used for gas prices)Oh, only a 48-55% increase in government debt, well at least we're not crazy like Japan. At least we're not selling our children into slavery with interest payments via the IRS.
"President George W. Bush, flanked by Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke, acknowledged that the program will put a "significant amount of taxpayers' money on the line."Think for a moment. If they are admitting that this will "put a "significant amount of taxpayers' money on the line."", what do you think is really going to happen? This -
"The administration is asking Congress to give it sweeping new powers to execute the plan."Now where have I heard that before? Hmmmm... 'Give me power and I'll fix it'. Stalin? Nah. Hitler? Couldn't be...
It's pure carnage for any investment/holding company right now. Let's review shall we? 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.Why would they do such a thing? I posted the following a few months before this. While the timing is off, the results are the same.
In order to achieve a Global Union, the current global problem solver, the United States, must be effectively removed from the picture. 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.The Real Effect
Washington D.C. has traded what few marbles that they have left for a shot in the foot.D.C. leaders are considering traffic changes that would make driving in the city more challenging for commuters. One change would end the reversible middle lane on 16th Street in through Mount Pleasant and Columbia Heights in Northwest. Mayor Adrian Fenty also is considering a plan to close the section of Interstate 395 that connects to New York Avenue. Both routes are popular with suburban commuters.Now why would they do such a thing? Is it because they feel that's the best way to manage traffic, or perhaps grow some sort of industry. Nah, the reason being is far more self-serving -
City officials said they are considering the changes because they want to promote pedestrian safety, use of public transit, biking and walking.The Real Effect
I knew I disliked Sarkozy for a good reason as he attempts to do through treaty what Hitler couldn't do 60 years ago via force.In the splendour of the Grand Palais, which was built in 1900 for an exhibition of French imperial power, most of the presidents and prime ministers of Europe, North Africa and the Middle East are to endorse the plan by Nicolas Sarkozy for a north-south community.The Real Effect
Indymac capsizes and the banking crisis deepens into less of a cut and more of an infection with the 2nd largest closing in the United States history.1) I believe that the globalists are attempting to strip the American Economy by devaluing the dollar, weakening the American military through multiple prolonged conflicts and the removal of what was outstanding American influence over many countries in order to prepare us for a Global Union.I will maintain that while my timing is sometimes suspect (off a few months to a year) my analysis is generally spot on. Let's look at my prediction again -
2) In order to achieve a Global Union, the current global problem solver, the United States, must be effectively removed from the picture. 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.
Bohemian Grove 2008 is on. With news of John McCain, Barack Obama and George Bush attending, can one really doubt that we're being shafted here? Can we just drop all the pretenses and get on/off with the tyranny?
“The Conference will deal mainly with a nuclear free world, cyber terrorism, Africa, Russia, finance, protectionism, US-EU relations, Afghanistan and Pakistan, Islam and Iran.”
Let’s pick this apart:
Wow, what to say? Oil is up for the 2nd consecutive day rising $5.49 on Thursday as it closed at $127.79 and $10.75 to close at 138.54 on Friday.
From the Telegraph - (Excuse the length, emphasis mine)Train passengers face routine airline-style bag checks and body searches as part of a new counter-terror crackdown announced by Gordon Brown. He conjured up visions of ''Fortress Britain" as he unveiled a succession of security measures at airports, railway stations, sports venues and other public places.
New security guidance is being sent out to sports venues, pubs, clubs and bars, shopping centres and tourist attractions together with thousands of cinemas and theatres, restaurants and hotels. Advice will also be given to hospitals, schools and places of worship on how to keep visitors safe.
Some 160 counter-terrorism advisers will train civilian staff to identify suspect activity and ensure premises have adequate emergency facilities and make best use of their CCTV footage.
David Cameron, the Tory leader, said Mr Brown's statement contained "a number of good ideas". He accepted tougher measures were needed because the terrorist threat was now of "a completely different order" to that faced in the past. But he added: "As a nation we also need the hard-nosed defence of our liberties." Vincent Cable, the acting Liberal democrat leader, said: "Our main concern remains the issue of pre-charge detention."
The following is from CNN -KING: E-mail from Mrs. Gonzalez in Elizabeth, New Jersey. "Mr. Fox, I would like to know how you feel about the possibility of having a Latin America united with one currency?"From World Net Daily -
FOX: Long term, very long term. What we propose together, President Bush and myself, it's ALCA, which is a trade union for all of the Americas. And everything was running fluently until Hugo Chavez came. He decided to isolate himself. He decided to combat the idea and destroy the idea...
KING: It's going to be like the euro dollar, you mean?
FOX: Well, that would be long, long term. I think the processes to go, first step into is trading agreement. And then further on, a new vision, like we are trying to do with NAFTA.
Former Mexican President Vicente Fox confirmed the existence of a plan conceived with President Bush to create a new regional currency in the Americas, in an interview last night on CNN's "Larry King Live."
According to a transcript published by CNN, King, near the end of the broadcast, asked Fox a question e-mailed from a listener, a Ms. Gonzalez from Elizabeth, N.J.: "Mr. Fox, I would like to know how you feel about the possibility of having a Latin America united with one currency?"
Fox answered in the affirmative, indicating it was a long-term plan. He admitted he and President Bush had agreed to pursue the Free Trade Agreement of the Americas – a free-trade zone extending throughout the Western Hemisphere, suggesting part of the plan was to institute eventually a regional currency.
Fox called for U.S. immigration reform stating "It's my impression that fear is guiding public opinion here and xenophobia.The Real Effect
When asked if he supported globalization through NAFTA, Fox responded: "Yes, absolutely, NAFTA has been good, as a matter of fact we should have a new vision, go further, integrating and working together to build a better future for both. "That happened with Spain and with the European Union with them joining the union and having access to those huge cohesive bonds, they were able to overcome poverty and today Spain, or Ireland or Greece or Portugal are all very successful nations, what you need is a little bit of solidarity." Stewart then went on to ask "Would you like to see a North American Union with the U.S. Mexico, and Canada, you want Canada in there?" To which Fox responded "Yes long term, yes."
In yet another separate interview Fox also stated that he believes "racists" are preventing increased immigration into the U.S.: "The xenophobics, the racists, those who feel they are a superior race ... they are deciding the future of this nation," he said in an interview with The Associated Press.
The Real EffectThe United Nations should avail itself as an instrument for a "new world order of the 21st century," French President Nicolas Sarkozy said Tuesday in his first address to the General Assembly.
"In the name of France, I call upon all states to join ranks in order to found the new world order of the 21st century on the notion that the common goods that belong to all of humankind must be the common responsibility for us all,"
French President Nicolas Sarkozy told the U.N. General Assembly that allowing Iran to arm itself with nuclear weapons would be an ``unacceptable risk to stability in the region and in the world.''That's it for the moment, but I believe this guy is dangerous. Very dangerous.
Let us consider the developments over the last few weeks in the forthcoming Iranian/Syrian war:Dick Cheney has ordered top Neo-Con media outlets, including Fox News and the Wall Street Journal, to unleash a PR blitz to sell a war with Iran from today, according to Barnett Rubin, the highly respected Afghanistan expert at New York University.* Septemer 6, 2007 -According to the UK Independent, Israel has found nuke sites in Syria
Israel believes that North Korea has been supplying Syria and Iran with nuclear materials, a Washington defense official told the New York Times. “The Israelis think North Korea is selling to Iran and Syria what little they have left,” he said.In addition -
Israeli jets "bombed a Syrian-Iranian missile base in northern Syria that was financed by Iran... It appears that the base was completely destroyed."* September 7, 2007 - Fox News - Iran fined
Iran must pay $2.65 billion to the families of the 241 U.S. service members killed in the 1983 bombing of the U.S. Marine barracks in Beirut, a federal judge declared Friday.* September 9, 2007 -
The Pentagon is preparing to build a military base near the Iraq-Iran border to try to curtail the flow of advanced Iranian weaponry to Shiite militants across Iraq*September 12, 2007 - Again, the UK Independent, we are sending British troops to the Iraqi/Irani border -
Quoting Maj. Gen. Rick Lynch, the commander of the Army's 3rd Infantry Division, the Journal said the Pentagon also plans to build fortified checkpoints on major highways leading from the Iranian border to Baghdad, and install X-ray machines and explosives-detecting sensors at the only formal border crossing between the two countries.
"We've got a major problem with Iranian munitions streaming into Iraq. This Iranian interference is troubling and we have to stop it."
The UK operation, in which up to 350 troops are involved, has come at the request of the Americans, who say that elements close to the Iranian regime have stepped up supplies of weapons to Shia militias in recent weeks in preparation for attacks inside Iraq.Fox News -
The mission will include the King's Royal Hussars battle group, 250 of whom were told at the weekend that they would be returning to the UK as part of a drawdown of forces in Iraq.
The Iranians have threatened military action in response to attacks launched from Iraqi territory while the Pentagon has announced the building of a US base and fortified checkpoints at the frontier.
Political and military officers, as well as weapons of mass destruction specialists at the State Department, are now advising Secretary of State Condoleezza Rice that the diplomatic approach favored by (Under Secretary of State for Political Affairs Nicholas) Burns has failed and the administration must actively prepare for military intervention of some kind.The Real Effect
Consequently, according to a well-placed Bush administration source, "everyone in town" is now participating in a broad discussion about the costs and benefits of military action against Iran, with the likely timeframe for any such course of action being over the next eight to 10 months, after the presidential primaries have probably been decided, but well before the November 2008 elections.


The first "North American Union" driver's license, complete with a hologram of the continent on the reverse, has been created in North Carolina. "The North Carolina driver's license is 'North American Union' ready," charges William Gheen, president of Americans for Legal Immigration. Gheen provided WND with a photo of an actual North Carolina license which clearly shows the hologram of the North American continent embedded on the reverse. "The hologram looks exactly [like] the map of North America that is used as the background for the Security and Prosperity Partnership of North America logo on the SPP website," Gheen told WND. "I object to the loss of sovereignty that is proceeding under the agreements being made by these unelected government bureaucrats who think we should be North American instead of the United States of America.
Marge Howell, spokeswoman for the North Carolina DMV, affirmed to WND the state was embedding a hologram of North America on the back of its new driver's licenses. "It's a security element that eventually will be on the back of every driver's license in North America," Howell told WND.
"It's a security element that eventually will be on the back of every driver's license in North America,"This begs several questions:
Howell explained the hologram of the continent was the creation of the American Association of Motor Vehicle Administrators, a tax-exempt, nonprofit organization that, according to the group's website, "develops model programs in motor vehicle administration, law enforcement and highway safety." Founded in 1933, AAMVA represents state and provincial officials in the United States and Canada who administer and enforce motor vehicle laws. The government of Mexico is also a member, though the individual Mexican states have yet to join. According to the group's website, AAMVA's programs are designed "to encourage uniformity and reciprocity among the states and provinces." "The goal of the North American hologram," Howell explained, "is to get one common element that law enforcement throughout the continent can look at on all driver's licenses and tell that the driver's license is an official document."
AAMVA supplies member motor vehicle agencies with a quantity of North American continent hologram OVD foils to use on their driver's licenses and ID cards as needed. As the AAMVA guidelines document explains, each North American hologram OVD foil is embedded with a unique set of control numbers that permit law enforcement electronic scanners to identify the exact jurisdiction and precise individual authorized to hold a driver's license or ID card. "AAMVA understands its unique positioning and the continuing role identification security will play in helping the general public realize a safer North America," King explained to WND in an e-mail.
This is one to watch. This will more than likely morph into the National ID system when the Real ID act comes into effect in 2008. Imagine a database in which you must report in order to get a job, pay taxes, travel, and in general live life.More in depth info can be found on 9/22/2005 and 9/20/2005.
Peter Sutherland, chairman of British Petroleum and Goldman Sachs International, among others, said it was a mistake for the Netherlands and France to kill the EU constitution by putting it to a popular vote so the public could reject it. “You knew there was a rise in nationalism; you should have let your parliaments ratify the treaty, and it should be done with,” Sutherland fumed. His views were applauded with no apparent dissent.
“Tell your people you fixed the treaty to meet their complaints, and let your parliaments ratify without a popular vote,” he said.
“We must help the enlightened media, as opposed to small journals obsessed with national sovereignty, understand that it is the patriotic duty of the people to support the North American zone [U.S. Mexico and Canada] because it will bring prosperity to the poor and put food in the mouths of hungry babies,” Henry Kissinger said. “Then it can expand, as NAFTA was intended, to all the Western Hemisphere and evolve into the ‘American Union.’ ”Bush moves to support the Law of the Sea Treaty (LOST) -
Bilderberg participants said “pressure has been applied,” and Bush is expected to announce support of the LOST “soon.” Bush’s national security adviser, Stephen Hadley, has asked the chairman of the Senate Foreign Relations Committee, Joe Biden (D-Del.), to secure ratification “soon.”Gasoline prices moving towards $6 a gallon -
...demands by Bilderberg is for the United State to increase gasoline taxes so the price will rise “significantly” to more than $6 a gallon. The argument is that this will reduce driving and thus emissions. They argued, with little or no dissent from Americans, that Europeans already pay that much or more.The Atlanta Journal-Constitution reports on the Heritage Foundation report -
“A review of S. 1419, including the just-completed section on tax changes, reveals that the bill could increase the price of regular unleaded gasoline from $3.14 per gallon (the early May national average) to $6.40 in 2016 — a 104 percent increase,”Iran - Key air strikes
Any U.S. military action must be limited to strategic airstrikes and no attacks by land, or “boots on the ground,” several Europeans said. But Americans must remain in Iraq, Kissinger said.