The US government prepares for economic collapse
By Mike Krieger
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations.
Each central bank... sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.- Carroll Quigley (Bill Clinton’s mentor at Georgetown) from his 1964" book Tragedy and Hope
Crime Once Exposed Has no Refuge but in Audacity.- Tacitus
For several years now I have been sounding
the alarm that if you want to be engaged in the financial markets you need to
assume that markets are being managed (rigged) more aggressively than at any
moment in any of our lives. The Bernank and others on Wall Street and the
District of Criminals understand that the situation is pretty much
hopeless. Ever since 2008 they have had one strategy. From a
monetary and fiscal standpoint, that strategy has been to pump massive amounts
of liquidity into the system while at the same time borrow enormous amounts of
money. The thinking was that this would stabilize the situation, create
confidence and thus ultimately a dynamic sustainable recovery. They
certainly bought a few years with this plan but confidence has not returned,
nor has there been any sustainable recovery.
What we need to understand at the moment is that The Bernank and all of his fellow Keynesian Central Planning magicians know that they have failed. This is why he is running around on college campuses presenting his sad and intellectually dishonest presentation of propaganda that even a six year old could refute. In fact several people have done just that. Here is one good article on it. http://www.zerohedge.com/news/guest-post-open-letter-ben-bernanke. Moreover, Jim Grant recently gave an incredible speech at the belly of the beast itself -The New York Federal Reserve –where he completely undresses the Fed right to their face. You must read this one. http://www.zerohedge.com/news/must-read-jim-grant-crucifies-fed-explains-why-gold-standard-best-option
So what we need to understand is that we are in one of the most dangerous phases of this crisis at the moment. The priests of fiat are being attacked from all sides. People have awoken to the Fed and how criminal and deceitful this organization is and the existential threat it poses to economic freedom and hence human liberty. The arguments against the Fed are blistering and the only rebuttal the Fed has is to spout the same old nonsense like “we saved the world” or some trite derivative of this fallacy. The only thing they saved are untalented speculators from their bad bets. What the Fed has systematically done is literally transfer all of the bad debts and bets from the banks to the taxpayer. We are living this reality to this day. This fact is becoming increasingly understood throughout society, hence the emergence of the tea party and then last year’s Occupy Wall Street movement. So the thing I want my readers to really internalize is that the Fed and indeed TPTB generally are getting slaughtered in the intellectual arena and they know it. As a result, they feel cornered and will thus act increasingly aggressive to prove they are right and everyone else is wrong.
What we need to understand at the moment is that The Bernank and all of his fellow Keynesian Central Planning magicians know that they have failed. This is why he is running around on college campuses presenting his sad and intellectually dishonest presentation of propaganda that even a six year old could refute. In fact several people have done just that. Here is one good article on it. http://www.zerohedge.com/news/guest-post-open-letter-ben-bernanke. Moreover, Jim Grant recently gave an incredible speech at the belly of the beast itself -The New York Federal Reserve –where he completely undresses the Fed right to their face. You must read this one. http://www.zerohedge.com/news/must-read-jim-grant-crucifies-fed-explains-why-gold-standard-best-option
So what we need to understand is that we are in one of the most dangerous phases of this crisis at the moment. The priests of fiat are being attacked from all sides. People have awoken to the Fed and how criminal and deceitful this organization is and the existential threat it poses to economic freedom and hence human liberty. The arguments against the Fed are blistering and the only rebuttal the Fed has is to spout the same old nonsense like “we saved the world” or some trite derivative of this fallacy. The only thing they saved are untalented speculators from their bad bets. What the Fed has systematically done is literally transfer all of the bad debts and bets from the banks to the taxpayer. We are living this reality to this day. This fact is becoming increasingly understood throughout society, hence the emergence of the tea party and then last year’s Occupy Wall Street movement. So the thing I want my readers to really internalize is that the Fed and indeed TPTB generally are getting slaughtered in the intellectual arena and they know it. As a result, they feel cornered and will thus act increasingly aggressive to prove they are right and everyone else is wrong.
As I have said many, many times before, The
Bernank needs to create more money and he knows it. He is irate beyond
belief that his academic theories have not worked. He is furious that he
can’t make the housing market come back to life. He is having a temper
tantrum that people actually have the nerve to link printing trillions of
dollars to the rise in commodity prices. He wants to launch QE3 this
quarter but he feels like public opinion is against him (he’s right) and Obama
is having his own little panic attack about gasoline prices and the
election. So what’s a Central Planner to do? Well, exactly what
they have been doing as of late. Lie.
The release of Tuesday’s Fed minutes was unlike any I have witnessed before. The Fed minutes are usually interesting to read through and every now and again have some very useful nuggets in them. That said, I have never seen them used as a way to make a statement and impact markets as was the case with the latest release. As soon as it came out there was the red Bloomberg headline “FOMC Saw No Need to Ease Anew Unless Growth Slows, Minutes Show.” After this came out the markets sold off but in particular gold was raided aggressively. I had noticed the weakness in mining shares in the morning (which is almost always a signal a raid is coming) and I mentioned this to a few friends. There is no way in a free market I could have foreseen this raid so easily. The reason I could see it ahead of time is because this was a very well orchestrated attack on an asset TPTB are desperately afraid of. Gold to Central Bankers is like Sunlight to Vampires.
The release of Tuesday’s Fed minutes was unlike any I have witnessed before. The Fed minutes are usually interesting to read through and every now and again have some very useful nuggets in them. That said, I have never seen them used as a way to make a statement and impact markets as was the case with the latest release. As soon as it came out there was the red Bloomberg headline “FOMC Saw No Need to Ease Anew Unless Growth Slows, Minutes Show.” After this came out the markets sold off but in particular gold was raided aggressively. I had noticed the weakness in mining shares in the morning (which is almost always a signal a raid is coming) and I mentioned this to a few friends. There is no way in a free market I could have foreseen this raid so easily. The reason I could see it ahead of time is because this was a very well orchestrated attack on an asset TPTB are desperately afraid of. Gold to Central Bankers is like Sunlight to Vampires.
What I found most interesting is that
several people seemed confused. I read statements like “ I don’t know why
the markets reacted this way, they said nothing new!” The markets reacted
the way they did because that was what the Central Planners wanted. I
mean who “reacted” that way to the minutes? A few PPT machines? There is
no volume in the markets, retail is dumping stocks week after week and prices
are being set at the margin by manipulators in a futile attempt to bolster
confidence (hasn’t worked in four years so they are doubling down on the
strategy of course!) Despite the nonsense they say about not needing to
do QE3 because the economy is better, the exact opposite is true and they know
it. They also know the minute they announce anything gold, silver, oil
and other commodities will surge to the stratosphere. That said, the goal
is to try anything they can to get oil and precious metals as depressed as
possible ahead of the announcement. That is what the Fed minutes
announcement operation was all about. While they have knocked precious
metals down, oil is proving to be a much harder nut to crack. This is
very interesting because it appears that these clowns have gotten as much mileage
as they can out of the “we don’t need more stimulus” lie. What will they
come up with next? I don’t know but I do know that the Federal Reserve
and TPTB understand they are fighting for their lives and their survival.
They will pull out any and every trick in the book before they die. The
more cornered they have become they more aggressively they have acted.
Watching the most powerful people on the planet fight their inevitable demise
has been and will continue to be fascinating and frustrating. They will
fight and fight. They will rig and rig. They will lie and
lie. Until one day the whole thing will end seemingly overnight.
They will vanish into history, disgraced and remembered for time immemorial as
some of the biggest fools in world history.
Dave Janda
Interview
Recently I recorded another radio
interview with Dr. Dave Janda out of Michigan. Dave is one of the most
tireless freedom fighters I have ever encountered. He has been doing it
all of his adult life and I am very proud to be in the trenches with him during
the most important battle of any of our lives. You can hear my interview
here. http://www.davejanda.com/audio/MichaelKreiger032512.mp3 Please take a listen.
Belligerent Act.Org
A friend of mine recently created this
website to help protest the NDAA and get the word out http://belligerentact.org/. Not only is it a good
summary of how TPTB are attempting to put a police state in place ahead of the
increased rebellion they know is coming once a critical mass of the citizenry
get a handle on just how badly they have been systematically looted by the
crony capitalist mafia, but it also allows you to put a “Belligerent Act”
banner at the top of your website as a sign of support and means of getting the
word out.
Owe The IRS? Bill Would Suspend
Passport Rights For Delinquent Taxpayers
I want to end with a very short but very
telling article regarding the potential loss of travel privledges at the hands
of the IRS. Here are some key quotes:
"A bill authored by a Southland lawmaker that could potentially allow the federal government to prevent any Americans who owe back taxes from traveling outside the U.S. is one step closer to becoming law. Senate Bill 1813 was introduced back in November by Senator Barbara Boxer (D-Los Angeles) to “reauthorize Federal-aid highway and highway safety construction programs, and for other purposes”.
However, there does not appear to be any specific language requiring a taxpayer to be charged with tax evasion or any other crime in order to have their passport revoked or limited — only that a notice of lien or levy has been filed by the IRS."
Hmmmm, interesting isn’t it. You
don’t need to be charged! All that needs to happen is a notice
filed. Just like the NDAA allows the government to imprison you without a
trial. Just like the recent executive order Obama signed that allows him
to take over the entire economy in any “emergency” whether in peacetime or
war. The bottom line is this. This sort of legislation doesn’t
happen ahead of an economic recovery. It happens ahead of a
collapse. Welcome to the recovery!
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