Glenn Beck, Restoring America and Fascism - Part 2 - The Man

In part one, we covered the overwhelming desire for liberty inherit in the American Tea Party movement. In part two we cover the man himself, Glenn Beck.

First, I must confess that I was an individual who used to regularly listen to the Glenn Beck program if, for no other purpose, the sheer entertainment value. This was a ways back in the era of “Bobo the Puppy” (2003) and Terri Schiavo and I used to listen to his program daily. Beck, to me, seemed a fairly sincere, but perhaps a little over the top in his delivery, his seemingly incredible ability to catch individuals and entities in massive illogical positions.

After some time, I began to grow suspicious of Beck’s seemingly uneven “awakenings” that would he would embrace at various times throughout his program. Beck would ardently defend a given position and when it seemed as though he was losing popular ground, he would 'come to his senses' and repent of his former position, generally in his melodramatic, sobbing, 'God save me, a lonely sinner' sort of way.

At the time, I couldn't necessarily nail down any specific position that seemed inconsistent, at least not one I can remember now, however it suffices to say I was growing more suspicious of his sincerity on any given issue. At that point, perhaps around 2004, I stopped listening altogether.
Fast forward to today and it seems as though he is still following the same script. Let's look at a few of these issues shall we?

• The Banker Bailout - On September 22, 2008 Beck came out in ardent support of the bill stating - “The $700 billion dollars that you’re hearing about now is not only I believe necessary, it is also not nearly enough.” True, Beck claims he came to his senses after the bill passed, but then again, with such vehement outrage against the bill, did he have much of a choice?
• Torture - Beck supports it as a counter-terrorist tactic.
• Ron Paul - In 2007, the underdog political story of the year was the rapid ascendence of Ron Paul and the Campaign for Liberty. In a stunning display Beck went so far as to imply Ron Paul and his supporters were dangerous potential terrorists. Ron Paul's campaign effectively stalled while faithful Beck supporters investigated Ron Paul. This is especially egregious when one considers the positions that Paul was taking on the economy before the 2008 crisis.
• Debra Medina - Ron Paul was not a lone example, as in 2010 Glenn again torpedoed Debra Medina's gubernatorial aspirations as he latched onto the 9/11 conspiracy angle with Debra, a position that wasn't even in the debate at the time. Once again, the Beck faithful turned on a candidate who was discussing ending property taxes and many other critical liberty issues.
• In 2009, without any basis whatsoever, Glenn Beck falsely stated that the Holocaust museum shooter, James W. von Brunn, was a “hero” to people who question the official story of 9/11– a transparently deliberate attempt to associate the Truth movement with violence.
• Glenn's support of a VAT tax - Yes, this would "simplify" the code, but in practice this equates to more money being taxed out of the system and a slowdown on production as every step of production becomes taxed. This says nothing of a repeal on the Income Tax, repudiation of egregious debt or heaven forbid, cuts in spending on the Federal level.
• The Patriot Act
• Fake crying - This is his thing, his schtick.

At a bare minimum, who can take this man as anything other than an entertainer? Which incidentally, is exactly what he purports to be.

In part 3, we will examine the rally itself; what was it, why the Lincoln Memorial?

Gerald Celente on Mitch Henck 26 Aug 2010

Glenn Beck, Restoring America and Fascism - Part 1 - Liberty

For those of you living under a rock the past few months, Glenn Beck, a fairly prominent Conservative talk-show host, held a substantial rally called Restoring America. The rally was reported by various media outlets as having an attendance ranging from 90,000 to 500,000 people. Regardless of the actual numbers, this is no small feat. Whatever your stance may be, the accomplishment needs to be realised as an incredible act.

However, I think it is far too easy to view Beck as the reason of this massive outing and overlook the probability that it is not Beck himself but rather his message that is commanding this sort of crowd in this age of online streaming. One only needs to observe the absolutely massive growth of the grassroots movements, particularly the Campaign for Liberty movement and the Tea Parties to see the message that is claiming the adherence of these throngs. Liberty.

After all, Liberty is the force that drove the Pilgrims to brave the brutal Northern Atlantic, often at the cost of their lives, to settle in a hostile environment. Liberty pushed the reaches of this country westward as it gave numerous citizens a chance in it's vast lands. Is it really all that surprising that Liberty, that most precious of all rights, has done what was previously unfathomable and moved the American public from it's couches out into the streets?

There are those that would say that it is galvanization that has pushed these people into the open, that they despise the direction that America is headed. It is tempting to think that, however it is not so much tyranny that the people have been responding against. True, this dread word has commanded our attention while poised at our doorsteps as if waiting to devour our every move. No, the dread word has merely revived that which lie dormant in us for this long time and stoked that righteous fire within each and every one of us. The desire for liberty.

It is this clarion call which Beck has been able to draw from to form not only this rally, but many of his avid listeners. But just who is this man and what is he doing? In part two we shall examine many of the oddities surrounding this watershed event.

Is Israel Going After Iran Through the Back Door?

Haaretz reports -

Israel is planning to attack Hezbollah arms depots and weapons manufacturing plants in Syria, the Kuwaiti newspaper Al Rai reported on Saturday.

The report is based on Western sources who asserted that Israel has increased its military force level along the northern border in the Golan Heights and Mount Dov areas.

The report cited European sources who claimed that recent Israeli unmanned aerial drone flights over Lebanon and Syria signal Israel’s intentions to carry out operations in the area.

The Real Effect
The problem becomes that Iran and Syria have a defense treaty so that if it attacks Syria, it will probably receive a counter-attack from Iran. This will in turn "justify" Israel in going after Iran and perhaps the U.S. getting involved as well. Definitely something to watch closely.

U.S Cameraman Has Proof 911 Was a Lie - You Decide

The Greatest Depression - More Confirmations

Time always settles the dispute over the truth - 

David Rosenberg, market guru, has officially declared that the US economy is in a state of depression, and he sees the economic superpowers woes worsening.

On the heels of that bleak forecast, the statistics for existing home sales for July were released and the numbers were ugly. The weak housing market collapsed. Reflecting the worst slump in American history, existing housing sales had plummeted a stunning 27 percent and there's no sign on the horizon that sales will stabilize any time soon.
The bottom line, argues Rosenberg and others: the US economy has collapsed into another Great Depression.

Citing the period from 1929 to 1932 and the eerie similarities, Rosenberg said, "We may well be reliving history here. If you're keeping score, we have recorded four quarterly advances in real GDP, and the average is only 3 percent." The same happened during the early 1930s stock market rebound of 50 percent after the 1929 crash.

REALITY REPORT #58 - Mosque-ing the Tension at Ground Zero

Authority and Science Issues

Police - 230 cases of flawed CSI work, drug unit corruption, taser deaths

AGW/CC - Hockey stick, CRU issues

Healthcare - Falsified studies

Economic - Housing prices (Supported by financial planners)

Education

War - Iraq troops come home,

Government - Doesn't read the bills they pass (Baucus), FDA (Doesn't identify E Coli outbreak)

Conflicts of interests

Note: This is a resource and will be updated periodically.

Another Hindenberg Omen and the Dow Continues Cracking

Yesterday we looked at what might be the start of the Great Crash -

"So what we should have in short order here is another 140 point haircut or we could skip the haircut all together and get to the violent crash second part."

The Real Effect
Now that we have our 140 point haircut (134 points today to close at 10,040), There is a real strong chance that the Dow will give up enough to get to our projected low of 9686. However, we run smack dab into two problems -

• The psychological barrier of 10,000
• The previous low of 9686.

In order to get to 9686 we need to realize a 350 point drop from Tuesday's level. That is quite a dip. But I think it's important to realize that there’s not a whole lot propping up the current price level.

So we have several scenarios that are possible:

1. The market gives it all up in one massive shot. Say down to 9620 by losing 350 points in one or perhaps two sessions. Given the way the market kept bumping into the 10,098 as though it were a ceiling (red line on the chart above) lends credence to this thought.
2. The market takes it's time and gives it up slowly over the course of the next few weeks.

The latter scenario has been the action plan of choice over the last year, but the trend is towards the former scenario. I'm going to play it safe and go with scenario 2.

More importantly, once that barrier is breached, (say by early-September) I fully expect there to be a massive ramp job from 9620 bringing us way back up to around 10,200. (A 600 point gain and in line with the predictions I made earlier. I would think this could sow some massive confusion as the Dow darts back and forth between 10,000 several times.

There is also the possibility that July through mid august was the ramp job. If this was the case, then expect the market to give up and start plunging immediately.

Even more interesting is the dollar, which is flirting above its 50 DMA at the moment. Could it come back below that level and sell off? Perhaps around mid-September?

UPDATE: I'm guessing that a link to the Hindenburg Omen would be a good thing.

401K Legislation Introduced

Back in September of 2008, before the economic crisis I wrote the following -

The long and short is they are bleeding the real assets out of the United States and passing them into foreign control. Make no mistake, they will bleed this country dry. Savings, checkings, 401K, gold, assets, they want it all and will not stop until they get it.

Then in January we saw them float their trial balloon -

The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort.

Well, here's the legislation -

Bills have just been introduced in both the House and Senate to create the new Auto IRA accounts which will at first be voluntary but later will become mandatory like Social Security and I expect the early 3% employee after tax contribution levels to eventually rise to 10 to 15% of compensation rising even more than Social Security has increased over the years. Read this August 17th article in Investment News at for more information.

The Real Effect
It isn't very difficult to figure out what this is for, another source of revenue for an already bankrupt government to try to kick the can down the road a little longer. Here is a question for all the doubters out there - If the Federal government is willing and able to take your retirement, your value (dollar), your house (eminent domain/asset forfeiture/Fannie & Freddie); what WON'T they take? And perhaps more succinctly, who won't they claim belongs to them?

After all, you're an American citizen right? And you owe this debt right? So who here thinks the Congress will hesitate to sell their citizens into outright slavery when the time comes?

Man Mistaken for Muslim Harassed at NY Anti-Mosque Rally

Israel and World War III - Part 5, The Script - Religious Flaming

The Real Effect February 2006  -

The global planners are literally banking on this bait-and-switch tactic in order to drive most decent people into believing that 'the other side out to get us' to goad us into 'getting them before they get us'. One only needs to look at the flimsy excuses being offered in the official 9/11 story to see this idea in action. (Like many of the alleged hijackers are still alive.)

Just observe the heated argument surrounding the "Ground Zero Mosque" to observe this concept being toyed with already. 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. It's the Hegelian Dialectic in action - Problem, reaction, solution.

Look for increasing talks of "universal threats" "all mankind""human crimes" "crimes against the planet" as more and more nationalistic/religious fervor is whipped up into an irrational protectionist frenzy. Specifically an "us or them" mentality that seeks to drive one country against country and religion against religion setting up the "We can't be trusted to run our countries OR religions because it only results in bloodshed."

This will be fueled by the economic crisis/Depression but it is merely bait to get the players to the table. But just who are the players?

Are We Looking at the Start of the Great Crash?

On Wednesday, August 11th  - 

Watch for the Dow to crash through support levels at 10,636 then 10,366 before it meets some resistance at 10,098 with a slight bounce around mid-September. Then all hell breaks loose as it violently crashes through any support that is offered realizing 300-1000 point drops as it rejoins the downward trend in October before finally meeting firm resistance at 9686. When that resistance finally gives way, say around November, look for increased panic as assets are sold off left and right to meet the dread margin calls as foolish investors get scalped.

This post was written late on the 9th (market top), then published early on the 11th. Shall we look at the results?

• Dow to crash through support levels at 10,636 (Achieved on the 11th, closed at 10,378)
• then 10,366 (Dropped to 10,319, hovered around this number until Aug 19th, then crashed through the support. -200 points)

The Real Effect
So what we should have in short order here is another 140 point haircut or we could skip the haircut all together and get to the violent crash second part. With the AUD having some issues today, we just might see the latter scenario today.

Are We Heading For a Depression - Keiser Report №69: Markets! Finance! Scandal!

Why "Experts" Are All Wet - The Real Effect Vs. Krugman

Paul Krugman - January 2009

“We’re not in a depression. But we are in a situation where the normal tools don’t work and we’re back to [a] 1930s-type environment”… “My great fear is not that we’re going to fall into a Great Depression in the next year,” he said. “My fear is that we’re going to have a lingering, major slump for two, three years.”

Paul Krugman - June 2010

“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.”

The Real Effect - 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.

The Real Effect - June 15, 2009

This is not a recession, it is a depression. And a massive one at that. We are not at the bottom, we are on gaining momentum for the next plunge down. If you thought the last drop was bad, this one is going to strike fear into the hearts of men everywhere.

The Real Effect
I know, I know...I like to rub your face in it. Isn't that how we learn? Now if you had to stake your life on it, who's track record would you trust? Because your life is on the line and you will need to make not only intelligent decisions, you will need to be ahead of the curve in order to keep afloat.

Still don't believe me? Perhaps I'll check back in six months when you're selling your car to pay your electric bill and we can talk then? These next two years are not only going to be bad, their going to destroy vast amounts of capital, land, buildings and people as we draw nearer to the dreaded phoenix event.

Former Pakistani ISI Chief Hamid Gul: "God Help America!!"

Well, well, well. Seems to me that the former head of Pakistani intelligence and I see eye-to-eye as I first started covering in 2006 and more extensively at the beginning of this year.

Depleted Uranium vs Time Magazine Propaganda

Gold Issues - The Inverse Pyramid Continues It's Collapse

Gold develops some major issues -

Several tons of gold imported into the UAE by traders and investors turned out to be fake on closer inspection, resulting in millions of dirhams in losses and high levels of stress to the victims.

Speaking to Emirates 24|7, Mohamad Shakarchi,, Managing Director of Emirates Gold, said: "A lot of people in the UAE who tried to import gold at lower prices or through dubious overseas companies have been cheated.

We have inspected many consignments from African countries, especially Ghana, and found that there is not an ounce of gold in them.

The Real Effect
Regarding the pyramid above, I'm not as concerned about the accuracy of the order of the collapse as much as I am demonstrating the way it collapsing; specifically the tangible value that it is chasing. (On this chart, gold)  This illustrates the subjective nature of value as supposed objective notes (Federal Reserve) are increasingly being backed in physical gold and other commodities.

All of the Keynesian belly-aching in the world won't change the fact that the piper is going to want to get paid sooner or later in something that has value. And fancy bookkeeping will only aggravate the total number of asset-less individuals chasing a given commodity. As a wise individual once expressed - "Who's the big dumb monkey now?"

I've Got Your Recovery - 15 Economic Statistics

Rather than duplicate this work, I figured I'd just post and be done with it -

The following are 15 key economic statistics that just keep getting worse and which reveal the horrific economic plight in which we now find ourselves….

1 – The number of Americans who are receiving food stamps rose to a new all-time record of 40.8 million in May. The number of Americans receiving food stamps has set a new all-time record for 18 months in a row. But there is every indication that things are going to get even worse. The U.S. Department of Agriculture projects that the number of Americans on food stamps will increase to 43 million in 2011.

2 – The U.S. economy lost 131,000 more jobs during the month of July. But the truth is that the U.S. economy has been bleeding jobs for a long time. According to one analysis, the United States has lost 10.5 million jobs since 2007. Meanwhile, immigrants (both legal and illegal) continue to pour into this nation in unprecedented numbers.

3 – Americans who are out of work are finding it incredibly difficult to get back into the workforce. In the United States today, the average time needed to find a job has risen to an all-time record of 35.2 weeks.

4 – The U.S. government keeps trying to pump up the economy with debt, and in the process things are getting wildly out of control. According to a U.S. Treasury Department report to Congress, the U.S. national debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015.

5 – The interest on all of this debt is becoming increasingly oppressive. As of July 1st, the U.S. government had spent $355 billion so far in 2010 on interest payments to the holders of the national debt. The total for 2010 should be somewhere in the neighborhood of $700 billion. According to Erskine Bowles, one of the heads of Barack Obama’s national debt commission, the U.S. government will be spending $2 trillion just on interest on the national debt by 2020. Keep in mind that the entire U.S. government budget is less than $4 trillion for the entire year of 2010.

6 – If the U.S. government was forced to use GAAP accounting principles (like all publicly-traded corporations must), the annual U.S. government budget deficit would be somewhere in the neighborhood of $4 trillion to $5 trillion.

7 – Social Security will pay out more in benefits in 2010 than it receives in payroll taxes. This was not supposed to happen until at least 2015. In the years ahead, these new “Social Security deficits” are projected to be absolutely catastrophic.

8 – There are simply far too many retirees and not nearly enough workers to support them. Back in 1950 each retiree’s Social Security benefit was paid for by 16 workers. Today, each retiree’s Social Security benefit is paid for by approximately 3.3 workers. By 2025 it is projected that there will be approximately two workers for each retiree.

9 – Wealth continues to become highly concentrated at the top. Since 1973, the average CEO’s salary has increased from 26 times the median income to over 300 times the median income.

10 – According to a poll taken in 2009, 61 percent of Americans ”always or usually” live paycheck to paycheck. That was up significantly from 49 percent in 2008 and 43 percent in 2007.

11 – The Mortgage Bankers Association recently announced that more than 10% of all U.S. homeowners with a mortgage had missed at least one mortgage payment during the January to March time period. That was a new all-time record and represented an increase from 9.1 percent a year ago.

12 – A recent survey of last year’s college graduates found that 80 percent moved right back home with their parents after graduation. That was up substantially from 63 percent in 2006.

13 – During the first quarter of 2010, the total number of loans that are at least three months past due in the United States increased for the 16th consecutive quarter.

14 – The total number of U.S. bank failures passed the 100 mark in July of this year. In 2009, the total number of U.S. bank failures did not pass the century barrier until October.

15 – The U.S. dollar continues to rapidly decline in value. An item that cost $20.00 in 1970 would cost you $112.35 today. An item that cost $20.00 in 1913 would cost you $440.33 today.

Rachel Maddow: Localities Drown In Red Ink