Filed under: Airport Security, civil liberties, civil rights, CNBC, Conditioning, Flight 253, Fox News, Karl Rove, Larry Kudlow, Mainstream Media, Media, Media Manipulation, muslims, mutallab, neocons, plane bomber, Propaganda, race war, racial profiling, Racism, racism in america, segregation, TSA, War On Terror | Tags: Alhaji Umaru Mutallab, christmas bomber, Umar Farouk Abdul Mutallab
Segregated Lines for Muslims at Airports?
CNBC: After Flight 253 “Racial Profiling is Warranted”
Filed under: Africa, CNBC, DEBT, Dennis Gartman, Dollar, dollar collapse, dollar dump, Economic Collapse, economic depression, Economy, gas prices, global economy, gold, gold bubble, gold shortage, Great Depression, Greenback, hyperinflation, Inflation, Oil, peak gold, Petrol, Stock Market, US Economy, Wall Street | Tags: Blyvooruitzicht, Blyvooruitzicht gold, Witwatersrand, Witwatersrand gold
Peak Gold
South African gold on final deathwatch as top grade scientist finds residual gold is more than 90% less than claimed
Barry Sergeant
Mineweb
November 16, 2009
The apparent bottom line in a paper published in the South African Journal of Science is that South Africa’s gold industry is on final deathwatch, despite claims of massive existing below-ground reserves. Chris Hartnady, research and technical director of Cape Town earth sciences consultancy Umvoto Africa, has found that South Africa’s Witwatersrand goldfields are around 95% exhausted, and anticipates that production rates should fall permanently below 100 tonnes a year within the coming decade.
Gold production from the Witwatersrand, the biggest known gold field in the world, peaked at around 1,000 tonnes in 1970 and has declined ever since. Hartnady says that while initially (1970-1975) the decline was “quite precipitous”, it has been interrupted by only short periods of slight trend reversal (1982-1984 and 1992-1993).
Leon Esterhuizen, a London-based specialist analyst at RBC Capital Markets, has reacted to the research by saying that “South African gold is dying — this is not new news”, but adds “that it may be dying faster than we currently believe is novel”. On the levels of reserves, Hartnady finds that the South African “residual gold reserve” after production through 2007 is only 2 948 tonnes, a little less than three times the 1970 production figure, and much less than 10% of the officially cited reserve
The country’s gold reserves are less than half of the current United States Geological Survey (USGS) estimate of 6 000 tonnes, and the country is not first, but fourth in world rankings, after Australia (5,000 tonnes), Peru (3,500 tonnes) and Russia (3,000 tonnes), Hartnady’s research shows. The USGS currently cites South Africa’s gold reserves at around 6,000 tonnes, while SA claims a 36,000 tonnes reserve base figure (or about 40% of the global total). Hartnady’s findings are based on Chamber of Mines figures and mathematical modeling pioneered by the distinguished American geologist M. King Hubbert.
Esterhuizen comments that “most recent indications from Harmony (even with gold bullion at new dollar records over USD 1,133/oz) is that its old shafts – effectively the Free State gold field – are dying. DRDGold has got Blyvooruitzicht on life support and is trying to get permission to keep the plug in for a little bit longer (with everything around Blyvooruitzicht now having been shut down), while Pamodzi Gold’s demise and Simmer & Jack’s failure at Buffelsfontein just proves the point — all of this, at record gold prices in rand terms”.
Gold Is in a ‘Bubble’ And Will Keep Going Higher: Gartman
Filed under: big bankers, Central Banks, CNBC, common currency, Credit Crisis, DEBT, deflation, Dissent, Dollar, dollar collapse, Economic Collapse, economic depression, Economy, Empire, Fascism, Federal Reserve, fiat currency, g20, G7, global bankers, global central bank, global currency, global economy, global elite, global government, global treasury, Globalism, globalist elite, gold, gold standard, Great Depression, Greenback, hyperinflation, imf, IMF bonds, Inflation, interest rate cuts, internationalist, internationalists, jim rickards, main street, market manipulation, New World Order, NWO, One World Government, Pennsylvania, Pittsburgh, Pittsburgh g20 summit, Pittsburgh summit, Pittsburgh summit 2009, private bank, Protest, rate cut, Robert Zoellick, SDR, SDRs, silver, single currency, socialism, sovereignty, stimulus, Stock Market, super currency, tax, Taxpayers, UN, united nations, US Economy, US Treasury, Wall Street, World Bank, world currency, world government | Tags: Dictatorship, Empire
World Bank and IMF Join Global Attack on U.S. Dollar
Larry Edelson
Money and Markets
October 4, 2009
In my emails to you over the past couple of weeks, I’ve shown you why Washington has no choice but to devalue the dollar — and how global leaders and even the United Nations have joined the attack on the greenback by demanding it be replaced as the world’s reserve currency.
Now, just this week, the International Monetary Fund and the World Bank have begun adding their voices to the international choir calling for a new global reserve currency:
* Last week, World Bank President Robert Zoellick warned that the dollar’s status will be challenged and shouldn’t be taken for granted.
* According to Turkish Deputy Prime Minister Ali Babacan, it’s likely that the role of special drawing rights (SDRs) based on a basket of currencies will be discussed as an alternative to the dollar during meetings of the World Bank and IMF in Istanbul next week.
* Meanwhile, global governments, central banks, companies and investors continue to slash their dollar holdings. According to the IMF, in April through June of this year, the greenback’s share of global currency reserves fell to the lowest level in a decade. Holdings of euros, in contrast, rose to a new all-time record high.
All this adds weight and momentum to the devaluation of the dollar. It is DEFINITELY ON THE TABLE. Indeed, for the first time I can remember, the G-7 finance officials, meeting this weekend, are rumored to be breaking with tradition and choosing not to release a statement on the global economy and currencies.
I feel this is an extremely significant development: At last week’s G-20 meeting, the group officially anointed itself as being in charge of global economic affairs.
Plus, we now have the G-7 refusing to discuss the dollar, which is highly unusual. Many will say that, if the G-7 does indeed refuse to comment on the dollar at this weekend’s meeting, it’s merely a sign they’re beginning to turn the reigns over to the G-20 for currency matters.
Baloney! The G-7 WILL discuss the huge “global economic imbalances” in the world. And to me, that’s code talk for a currency devaluation on the agenda. Members of the G-7 ARE discussing it. They’re just NOT doing it in public.
It reminds me of the 1985 Plaza Accord, where James Baker committed the U.S. to a depreciating dollar, bulldozing over our creditors, and ultimately precipitating the ‘87 crash.
The difference: Back then the U.S. was in a position to lead the devaluation. Today, it’s not. Today, our creditors are going to bulldoze over us.
IMF Catapults From Shunned Agency to Global Central Bank Issuing Debt to the World While U.S. Dollar Plummets
Huffington Post
October 2, 2009
“A year ago,” said law professor Ross Buckley on Australia’s ABC News last week, “nobody wanted to know the International Monetary Fund. Now it’s the organiser for the international stimulus package which has been sold as a stimulus package for poor countries.”
The IMF may have catapulted to a more exalted status than that. According to Jim Rickards, director of market intelligence for scientific consulting firm Omnis, the unannounced purpose of last week’s G20 Summit in Pittsburgh was that “the IMF is being anointed as the global central bank.” Rickards said in a CNBC interview on September 25 that the plan is for the IMF to issue a global reserve currency that can replace the dollar.
“They’ve issued debt for the first time in history,” said Rickards. “They’re issuing SDRs. The last SDRs came out around 1980 or ’81, $30 billion. Now they’re issuing $300 billion. When I say issuing, it’s printing money; there’s nothing behind these SDRs.
SDRs, or Special Drawing Rights, are a synthetic currency originally created by the IMF to replace gold and silver in large international transactions. But they have been little used until now. Why does the world suddenly need a new global fiat currency and global central bank? Rickards says it because of “Triffin’s Dilemma,” a problem first noted by economist Robert Triffin in the 1960s. When the world went off the gold standard, a reserve currency had to be provided by some large-currency country to service global trade. But leaving its currency out there for international purposes meant that the country would have to continually buy more than it sold, running large deficits; and that meant it would eventually go broke. The U.S. has fueled the world economy for the last 50 years, but now it is going broke. The U.S. can settle its debts and get its own house in order, but that would cause world trade to contract. A substitute global reserve currency is needed to fuel the global economy while the U.S. solves its debt problems, and that new currency is to be the IMF’s SDRs.
That’s the solution to Triffin’s dilemma, says Rickards, but it leaves the U.S. in a vulnerable position. If we face a war or other global catastrophe, we no longer have the privilege of printing money. We will have to borrow the global reserve currency like everyone else, putting us at the mercy of the global lenders.
To avoid that, the Federal Reserve has hinted that it is prepared to raise interest rates, even though that would mean further squeezing the real estate market and the real economy. Rickards pointed to an oped piece by Fed governor Kevin Warsh, published in The Wall Street Journal on the same day the G20 met. Warsh said that the Fed would need to raise interest rates if asset prices rose – which Rickards interpreted to mean gold, the traditional go-to investment of investors fleeing the dollar. “Central banks hate gold because it limits their ability to print money,” said Rickards. If gold were to suddenly go to $1,500 an ounce, it would mean the dollar was collapsing. Warsh was giving the market a heads up that the Fed wasn’t going to let that happen. The Fed would raise interest rates to attract dollars back into the country. As Rickards put it, “Warsh is saying, ‘We sort of have to trash the dollar, but we’re going to do it gradually.’ . . . Warsh is trying to preempt an unstable decline in the dollar. What they want, of course, is a stable, steady decline.”
What about the Fed’s traditional role of maintaining price stability? It’s nonsense, said Rickards. “What they do is inflate the dollar to prop up the banks.” The dollar has to be inflated because there is more debt outstanding than money to pay it with. The government currently has contingent liabilities of $60 trillion. “There’s no feasible combination of growth and taxes that can fund that liability,” Rickards said. The government could fund about half that in the next 14 years, which means the dollar needs to be devalued by half in that time.
The Dollar Needs to be Devalued by Half?
Reducing the value of the dollar by half means that our hard-earned dollars are going to go only half as far, something that does not sound like a good thing for Main Street. Indeed, when we look more closely, we see that the move is not designed to serve us but to serve the banks. Why does the dollar need to be devalued? It is to compensate for a dilemma in the current monetary scheme that is even more intractable than Triffin’s, one that might be called a fraud. There is never enough money to cover the outstanding debt, because all money today except coins is created by banks in the form of loans, and more money is always owed back to the banks than they advance when they create their loans. Banks create the principal but not the interest necessary to pay their loans back.
The Fed, which is owned by a consortium of banks and was set up to serve their interests, is tasked with seeing that the banks are paid back; and the only way to do that is to inflate the money supply to create the dollars to cover the missing interest. But that means diluting the value of the dollar, which imposes a stealth tax on the citizenry; and the money supply is inflated by making more loans, which adds to the debt and interest burden that the inflated money supply was supposed to relieve. The banking system is basically a pyramid scheme, which can be kept going only by continually creating more debt.
The IMF’s $500 Billion Stimulus Package:
Designed to Help Developing Countries or the Banks?
And that brings us back to the IMF’s stimulus package discussed last week by Professor Buckley. The package was billed as helping emerging nations hard hit by the global credit crisis, but Buckley doubts that that is what is really going on. Rather, he says, the $500 billion pledged by the G20 nations is “a stimulus package for the rich countries’ banks.”
Why does he think that? Because stimulus packages are usually grants. The money coming from the IMF will be extended in the form of loans.
These are loans that are made by the G20 countries through the IMF to poor countries. They have to be repaid and what they’re going to be used for is to repay the international banks now. . . . [T]he money won’t really touch down in the poor countries. It will go straight through them to repay their creditors. . . . But the poor countries will spend the next 30 years repaying the IMF.
Basically, said Professor Buckley, the loans extended by the IMF represent an increase in seniority of the debt. That means developing nations will be even more firmly locked in debt than they are now.
At the moment the debt is owed by poor countries to banks, and if the poor countries had to, they could default on that. The bank debt is going to be replaced by debt that’s owed to the IMF, which for very good strategic reasons the poor countries will always service. . . . The rich countries have made this $500 billion available to stimulate their own banks, and the IMF is a wonderful party to put in between the countries and the debtors and the banks.
Not long ago, the IMF was being called obsolete. Now it is back in business with a vengeance; but it’s the old unseemly business of serving as the collection agency for the international banking industry. As long as third world debtors can service their loans by paying the interest on them, the banks can count the loans as “assets” on their books, allowing them to keep their pyramid scheme going by inflating the global money supply with yet more loans. It is all for the greater good of the banks and their affiliated multinational corporations; but the $500 billion in funding is coming from the taxpayers of the G20 nations, and the foreseeable outcome will be that the United States will join the ranks of debtor nations subservient to a global empire of central bankers.
Man Throws Shoe at IMF Chief
Filed under: 2-party system, Barack Obama, bilderberg, catastrophic event, CFR, China, CNBC, Dictatorship, Economic Collapse, economic crisis, Economy, Empire, Eugenics, False Flag, Fascism, food crisis, gaza, Genocide, George Bush, global elite, global government, Globalism, Great Depression, Holocaust, inside job, internationalist, internationalists, Israel, left right paradigm, malthusian catastrophe, mao, middle east, nation building, Nazi, neocons, Neolibs, New World Order, NWO, obama, occupation, Ordo Ab Chao, palestine, Population Control, State Sponsored Terrorism, US Economy, War On Terror, WW3, ww4, Zionism
Kissinger: Obama will create a New World Order
Aangrifan
January 20, 2009
Henry Kissinger has revealed what Obama is going to try to do to bring about bring about a New World Order.
Kissinger writes (Henry Kissinger: The world must forge a new order or retreat to chaos – 20 January 2009, opinion article):
1. “The alternative to a new international order is chaos.”
In other words, join the New World Order or you will suffer from false flag operations and the undermining of your economies.
2. “The extraordinary impact of the President-elect (Obama) on the imagination of humanity is an important element in shaping a new world order.”
In other words: we Zionists and fascists have chosen Obama as our puppet.
3. “The ultimate challenge is to shape the common concern of most countries and all major ones regarding the economic crisis, together with a common fear of jihadist terrorism, into a strategy reinforced by the realisation that the new issues like proliferation, energy and climate change permit no national or regional solution.”
The New World Order means world government. You will be ruled from Washington or Jerusalem.
4. “The role of China in a new world order is crucial.”
“Each side of the Pacific needs the cooperation of the other in addressing the consequences of the financial crisis…”
“The Sino-American relationship needs to be taken to a new level.”
http://www.prisonplanet.com/..notch-cfr-bilderberg-members.html
Kissinger’s Plan For Food Control Genocide
http://www.tehrantimes.com/index_View.asp?code=165442
Filed under: CNBC, Credit Crisis, DEBT, Dollar, Economic Collapse, economic depression, Economy, Federal Reserve, global economy, Great Depression, Greenback, henry paulson, hyperinflation, Illuminati, Inflation, New World Order, NWO, Paulson, Stock Market, Uncategorized, US Economy, Wall Street
“Illuminati” Behind Stock Market Crash Says CNBC Guest
Filed under: 2008 Election, Amero, angela merkel, asia, bailout, Bank of America, Big Banks, brad sherman, Britain, C-Span, Canada, Carroll Quigley, central bank, CFR, China, civil liberties, civil rights, CNBC, Congress, corporations, corporatism, Credit Crisis, DEBT, Dictatorship, Dollar, ECB, Economic Collapse, economic depression, Economy, Empire, Europe, european central bank, european union, Fascism, Federal Reserve, France, g8, George Bush, Germany, glenn beck, global economy, global elite, global government, Globalism, gordon brown, Great Depression, Greenback, Habeas Corpus, henry paulson, Hitler, House, hyperinflation, imf, Inflation, interest rate cuts, internationalist, internationalists, job market, John McCain, liquidation, london, Martial Law, Media, middle class, morgan stanley, mortgage, national socialism, Nazi, New World Order, paris, Paulson, peter schiff, Police State, Posse Comitatus, rate cut, Sarkozy, Senate, single currency, socialism, sovereignty, Stock Market, tax, Taxpayers, unemployment, United Kingdom, US Economy, us sovereignty, US Treasury, Wall Street, World Bank, WW2, Zimbabwe | Tags: Ewald Nowotny, fiat currency, global currency, global currency system, global financial order, globalists, globalization, international order, Jean-Claude Trichet, Jeffrey Garten, John Mack, José Manuel Barroso, new global monetary authority, one world currency, Timothy Geithner, weimar republic, world economic crisis, world financial system, world monetary system, world money system, world order
Globalists Exploit Financial Meltdown In Move Towards One World Currency
Paul Joseph Watson & Kurt Nimmo
Prison Planet
October 20, 2008
The swift and ruthless exploitation of the economic meltdown on behalf of globalists and central banks revolves around their drive to move towards a one world currency system and an unprecedented centralization of global financial power.
Statements on behalf of world leaders and central banks over the past two weeks have made it clear that the agenda to further collate economic power and control of currencies into the hands of the few is rapidly accelerating – all in the name of solving a financial crisis that was caused as a result of the same fiat money system that the elite themselves created and maintained.
The original Bretton Woods agreement in 1944, spurred by the depression of the 1930s and the second world war, created the International Monetary Fund, the World Bank and laid down common standards for markets around the world. Now with the current financial crisis EU leaders see another opportunity to impose global regulations on sovereign economies.
As the crisis reached its peak at the end of September, British Prime Minister Gordon Brown led the call for “a new global financial order” in which the world financial system would be built around a centrally coordinated policy of international regulation.
Morgan Stanley Chief Executive John Mack has also called for a new global body to oversee the financial crisis, warning that it is like nothing he’s ever seen before.
The sentiment echoes those of elite figures such as CFR member Jeffrey Garten and Timothy Geithner, president of the Federal Reserve Bank of New York, who have both recently called for a “new global monetary authority”, a de-facto global financial dictatorship, operating across borders and forcing nations and corporations to register and adhere to strict monitoring and regulations.
European Central Bank council member Ewald Nowotny told Bloomberg yesterday that the centrality of the U.S. dollar was in question and that a “tri-polar” global currency system is in development between the U.S., Asia and Europe to replace it.
This followed a call by French President to question whether a “worldwide currency system” should be introduced in response to the financial crisis.
“Another subject in tomorrow’s world is that of the great currencies. How many should there be? What should the agreement between these great currencies be? Should we organize a discussion? Should a country like India one day have a global currency?” Sarkozy told a news conference, reports Reuters.
Any discussion would be purely academic, as the ruling elite long ago decided to force a global currency down our throats. In fact, a global currency is at the very core of their plan to dominate the world. Control money and you control the destiny of states, you eliminate national sovereignty. “The control of money and credit strikes at the very heart of national sovereignty,” A.W. Clausen, president of Bank of America once observed.
As Georgetown professor and CFR historian Carroll Quigley noted, the goal of the banking families and their minions consists of “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… 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.”
It remains to be seen if the EU will realize its “solution” to the world economic crisis. In 2007, Robert Mundell, “the father of the euro,” noted that “international monetary reform usually becomes possible only in response to a felt need and the threat of a global crisis.”
Certainly, the elite cooked up an appropriate global crisis, now they will engage in a full court press to establish a global currency and eventually a global government.
EU Leaders Call for Global Currency
Kurt Nimmo
Infowars
October 18, 2008
If we are to believe the Washington Post, French president and current EU leader Nicolas Sarkozy has pledged to save us from nameless “freewheeling bankers and traders” who get the blame for the current economic crisis.
Sarkozy, Gordon Brown, and EU honcho José Manuel Barroso are talking up an international summit to discuss an “urgent overhaul of the world’s financial architecture,” that is to say a new Bretton Woods to establish a brand spanking new international economic order. Sarkozy has managed to grab George Bush’s ear and he will travel to Washington on Saturday to lay the groundwork for a conference.
In 1944, 44 allied nations met at a resort in Bretton Woods, New Hampshire, to fiddle with monetary standards, fix exchange rates, and create the IMF and World Bank. “Launching a remake of this old model — particularly in such a short time, with so many new participants — would represent a daunting challenge at any time, but particularly during the twilight of the Bush presidency and the crisis that is still jolting banks and stock markets around the world,” reports the Post.
Sarkozy and the EU leaders would have us believe this new Bretton Woods will call for “globally coordinated regulation of the financial industry, elimination of tax havens and a compensation system in which traders are not rewarded for dangerous risk-taking,” among other things.
It was the demise of Bretton Woods in 1971, insists European Central Bank president Jean- Claude Trichet, that led to the abandonment of regulation and subsequent market turmoil. “The explosion of the first Bretton Woods in a way could be interpreted as a rejection of discipline,” said Trichet, reports Bloomberg.
Gordon Brown, the former Chancellor of the Exchequer, wants to fix that turmoil with a new spate of regulations aimed at international finance. On October 13 in London, Brown said “we must devise new rules for a world of global capital flows” just as the founders of Bretton Woods “devised rules for a world of limited capital flows.”
“We now have global financial markets but what we do not have is anything other than national and regional regulation and supervision,” Brown lamented from Brussels.
All of this is nonsense. It should be obvious by now the bankers engineered the current crisis in order to consolidate their hold on the global economy and all the talk about rogue traders, tax havens, and over-compensated executives is merely that — talk, or more specifically a sales pitch, a slick parlor trick devised to fool the commoners.
Glossed over in all the corporate media coverage is the global elite demand that a global currency be established. “Europe wants to present a blueprint for a new worldwide currency system,” reports the AFP in the video here.
“Another subject in tomorrow’s world is that of the great currencies,” Reuters reported Sarkozy musing on October 16. “How many should there be? What should the agreement between these great currencies be? Should we organize a discussion?”
Glenn Beck On One World Currency
“There is a global meltdown coming, it is a global depression, a One World Currency and One World Financial System is the ENDGAME! China said last week said they want One Global Currency, France said yesterday or the day before that they want One World Order a New World Order at the end of this event!” – Glenn Beck
CNBC: The New World Order is in effect on wall street
http://www.prisonplanet.com/calls-for-new-global-financial-order-increase.html
Tri-Polor Global Currency A Possibility
http://www.bloomberg.com/apps..&sid=apjqJKKQvfDc&refer=home
http://www.nationalpost.com/news/story.html?id=885494
G-8 Announces Global Summit On Financial Crisis
http://news.yahoo.com/s/a..t=Ah6wNwIX5KlE5B1m5eFoDXlbbBAF
Bush & Allies Pledge Joint Action On Economy
http://www.youtube.com/watch?v=InFBnX87lzU
Brown: Use This Crisis To Create New Financial World Order
http://www.prisonplanet.com/..new-financial-world-order.html
Filed under: 2-party system, 2008 Election, bailout, Barack Obama, bernanke, Big Banks, brad sherman, Britain, C-Span, California, Chicago, China, chris dodd, citigroup, CNBC, Congress, Credit Crisis, DEBT, Dictatorship, Dollar, Dow, Economic Collapse, economic depression, Economy, Empire, Europe, european union, Fascism, FDIC, Federal Reserve, food crisis, food market, food prices, food shortage, foreclosure, foreign banks, foreign investors, France, general motors, George Bush, Germany, global economy, Globalism, GM, Goldman Sachs, google, Great Depression, Greenback, Harry Reid, henry paulson, House, housing market, hyperinflation, Inflation, interest rate cuts, Japan, jim rogers, joe biden, John McCain, Larry Kudlow, left right paradigm, liquidation, london, marc faber, middle class, mortgage, national socialism, nationalization, neocons, Neolibs, obama, Paulson, Propaganda, Psyops, putin, rate cut, real estate, Russia, Senate, socialism, Stock Market, subprime, subprime lending, Taxpayers, US Economy, US Treasury, Wachovia, Wall Street, wells fargo | Tags: earmarks, financial markets bill, financial terrorism, great britain, hr 3997, mental health bill, pork, pork barrel, pork barrel earmarks, Pork Barrel Spending, shanghai
Bailout Bill Will Help Chinese Banks, Foreign Banks
Congress Approves Bailout Bill
AP
October 3, 2008
With the economy on the brink and elections looming, Congress approved an unprecedented $700 billion government bailout of the battered financial industry on Friday and sent it to President Bush for his certain signature.
The final vote, 263-171 in the House, a comfortable margin that was 58 more votes than it garnered on Monday. The vote capped two weeks of tumult in Congress and on Wall Street, punctuated by daily warnings that the country confronted the gravest economic crisis since the Great Depression if lawmakers failed to act.
Dow plummets when bailout passes
List of Representatives who Switched from “Nay” to “Yea”
http://www.campaignforliberty.com/blog.php?view=1087#.
Food Riots Have Already Begun as Global Grain Prices Skyrocket, Supplies Dwindle
http://www.naturalnews.com/024372.html
California may need emergency $7 billion bailout
http://www.reuters.com/article/newsOne/idUSTRE49229820081003
Hoax Bank Closure Story Peddles Bailout Propaganda
http://www.prisonplanet.co..e-story-peddles-bailout-propaganda.html
Fed Officials Considering Further Rate Cuts: Report
http://www.cnbc.com/id/26986621
Former Head of Fed’s Open Market Operations Says Bailout Might Make Things Worse
http://georgewashington2.blogspot.com/2..ad-of-feds-open-market.html
Bailout Would Only Prolong Crisis: Jim Rogers
http://www.youtube.com/watch?v=49SYpcaWHTE
Wells Fargo Buys Wachovia Nixing Citi Deal
http://biz.yahoo.com/..ls_fargo_wachovia.html?.v=8
Report blames U.S. trade gap for 5.6 million lost jobs
http://www.reuters.com/article/ousiv/idUSTRE4913E220081002
Putin blames US for world economy crisis
http://www.presstv.ir/detail.aspx?id=71042§ionid=351020602
Bailout bill is 451 pages long
http://news.yahoo.com/s/a..cnWOA64ch9GkocOsJ0lJv24cA
Who’s profiting from the crisis? Goldman Sachs, of course
http://www.marketwatch.c..CDCB7}&print=true&dist=printMidSection
Paulson Bank Rescue Proposal Is ’Crazy,’ O’Neill Says
http://www.bloomberg.com/apps/ne..mClVjevU&refer=home
France Wants $500B Rescue For Europe
http://business.timesonline.co.uk/tol/business/markets/article4864032.ece
Faber: U.S. Bailout Won’t Stop Slowdown
http://www.bi-me.com/main.php?id=25070&t=1&c=35&cg=4&mset=1011
IMF Adds Pressure On Congress To Pass Bailout
http://www.guardian.co.uk/business/2008/oct/01/banking.useconomy
Google stock plunges more than 93% in “erroneous trading”
http://www.tgdaily.com/html_tmp/content-view-39543-118.html
Ford & GM Auto Sales Drop
http://news.yahoo.com/s/ap/20081001/ap_o..OmxGcLJO8EjS5v24cA
Chicago woman buys a house for $1.75
http://www.presstv.ir/detail.aspx?id=71130§ionid=3510213
Ex-bankers on pushing customers to rack up debt
http://www.cnn.com/2008/LIVING/pers..dex.html?iref=mpstoryview
US economic dominance over – Russia
IMF Warned Of Full-Blown Crisis
September’s ISM Manufacturing Index “Screams Recession,” Economists Say
SEC Extends Ban On Short Selling
Brazilian president: Brazilian economy solid, U.S. should do their homework
Western World Will Become Less Wealthy
’Car sleepers’ the new US homeless
Filed under: Alan Greenspan, bailout, Bank of England, bernanke, Big Banks, BOE, Britain, central bank, CFR, China, CNBC, Communism, Credit Crisis, DEBT, Dow, Economic Collapse, economic depression, Economy, energy, Europe, european union, fannie mae, Fascism, Federal Reserve, freddie mac, George Bush, george soros, global economy, gold, Goldman Sachs, Great Depression, Greenback, henry paulson, housing market, hyperinflation, Inflation, interest rate cut, interest rate cuts, jim rogers, martgage companies, Media, Merrill Lynch, mortgage, mortgage companies, mortgage lenders, Oil, Paulson, rate cut, real estate, Russia, Stock Market, subprime, subprime lending, Taxpayers, United Kingdom, US Economy, US Treasury, Wamu, washington mutual, WW2 | Tags: run on banks
Fannie and Freddie Seized…Cost to Taxpayer: Over $1 Trillion
Contrarain Profits
September 8, 2008
Uncle Sam has finally taken over Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE). Yesterday, the Bush administration placed the mortgage giants under a conservatorship, putting billions of dollars of taxpeyers’ money at risk in the process.
The Treasury says it will stump up $200 billion to back the companies in exchange for a 79.9% stake in each. The government is now the biggest player in the US mortgage market.
Don Rich warns that the government’s bailout spells trouble for anyone holding US dollars. A major issue is that the Congressional Budget Office’s estimation of the costs of the bailout is far too conservative…
This from last Thursday’s Daily Reckoning:
A recent study from the Congressional Budget Office (CBO) has zero credibility. It pegged likely taxpayer losses in the Fannie Mae and Freddie Mac bailouts at $25 billion. For those with a sense of history, it is worth remembering that the S&L bailout had a $160 billion price tag. The numbers diverge so far from reality as to be laugh-out-loud funny. Funny, that is, except that the CBO estimate demonstrates a willful disconnect with the actual consequences of federal government actions.
As demonstrated below, the real cost of the bailouts will easily exceed $1.3 trillion. In fact, the real cost is likely to range between $1.3 trillion to $1.6 trillion, and is not unlikely to reach $2.5 trillion.
Between 2001 and 2007, Fannie and Freddie purchased or guaranteed $700 billion of Alt-A and subprime loans. Given the default rates on these loans – and the fact that the price of the housing that is the ultimate security of the loans will, for reasons demonstrated below, fall by at least thirty percent – this alone implies a loss for Fannie and Freddie on the order of $210 billion.
Fannie and Freddie acknowledge already-impaired loans on the balance sheet of $19 billion, which they have used creative accounting to avoid deleting from the shareholder equity account. This means that Fannie and Freddie have a maximum of $64 billion in capital remaining.
Given the inevitable losses on the Alt-A/subprime portion of their portfolio, it must be the case that if the federal government, as it is doing, guarantees Fannie and Freddie’s solvency, the difference between the loss and the capital to be made up by the government (i.e., the taxpayers) must equal, not $25 billion but $147 billion.
That alone would mean that the CBO is blowing smoke with their estimated cost figures, and if you think back to the S&L cost of $160 billion, this is not a surprising result. The real picture is so much worse that it is pretty obvious the CBO is flat out inventing figures just to get the politicians through November.
It doesn’t take a genius to work out how the government is going to get its hands on such money: the Federal printing press…
I don’t know what those people in Washington are taking to sleep at night after all their electorally driven accounting and finance exercises, but I can tell you what they will be doing to keep the government open for business: printing a whole lot of money.
Chairman Bernanke has the discount window open to any collateralization not worth the paper it is written on, so in effect he has the helicopters ready to drop hundred-dollar bills over Wall Street – as he once famously described the ultimate policy instrument of a fiat-money system.
Of course, if he does that, we will have to change his nickname from Helicopter Ben to Hyperinflation Ben, which answers the question of who picks up the tab of bailing out Fannie and Freddie: anyone owning dollars.
Produce a lot of something, and it becomes worth less. And given the losses at Fannie and Freddie, the taxpayer guarantee, and the ongoing initiation of Boomer retirement, only the inflation tax will work to pay for keeping Fannie and Freddie afloat.
Like it or not, we are about to enter interesting times, and it is too bad our supposed professional civil servants at the Congressional Budget Office have failed to tell the emperor the truth: that he is buck-naked bankrupt and getting ready to take a lot of people with him.
P.S Don Rich is an instructor of economics, finance, and political science at Montgomery County Community College in Blue Bell, PA. He also teaches economics, government, and history at Delaware County Community College in Exton, PA. You can leave comments for Don on the mises.org blog.
Greenspan: U.S Economy in ’once-in-a-century’ financial crisis
September 15, 2008
The nationalization of Fannie Mae and Freddie Mac shows that the U.S. is “more communist than China right now” but its brand of socialism is meant only for the rich, investor Jim Rogers, CEO of Rogers Holdings, told CNBC Europe on Monday.
“America is more communist than China is right now. You can see that this is welfare of the rich, it is socialism for the rich… it’s just bailing out financial institutions,” Rogers said.
Stock markets jumped after the U.S. government’s decision to launch what could be its biggest federal bailout ever, in a bid to support the housing market and ward off more global financial market turbulence.
But Rogers said in the long term the move spelled trouble.
“This is madness, this is insanity, they have more than doubled the American national debt in one weekend for a bunch of crooks and incompetents. I’m not quite sure why I or anybody else should be paying for this,” Rogers told “Squawk Box Europe.”
Soros Compares Mishandling Of Current Crisis To Great Depression
Paul Joseph Watson
Prison Planet
September 17, 2008
Billionaire investor George Soros has slammed US Treasury Secretary Hank Paulson for behaving in the same manner as bankers in the 1930’s and mishandling a financial crisis that threatens a repeat of the Great Depression.
Soros told BBC Newsnight that the world was merely at the beginning of a financial storm and warned, “We mustn’t allow the financial system to collapse as it did in the 1930s.”
Referring to Hank Paulson, the US Treasury Secretary, Soros stated, “The way Paulson is handling the situation is reminiscent of the way the bankers handled it in the 1930s.”
He added: “The financial system has gone overboard and the financial engineering has grown to big, it takes up too big a share in the world’s resources.”
“Now it is shrinking. When it becomes regulated it will be less profitable than the last 25 years.”
Soros, a former member of the Board of Directors of the Council on Foreign Relations, is ranked by Forbes as the 99th richest person in the world with a net worth of around $9 billion.
Ironically, Soros made his name by reaping the dividends of another financial meltdown when he “broke the Bank of England” by short-selling the pound sterling before the currency dropped out of the European Exchange Rate Mechanism in 1992, landing Soros a profit of around $1.1 billion.
In 2006, the highest court in France upheld a conviction that Soros had practiced insider trading when he bought shares in French bank Société Générale after discovering that the bank was on the verge of a takeover.
Soros has repeatedly predicted fiscal armageddon, writing three books about a “superbubble” that is on the verge of collapse.
In response to those accusing him of crying wolf in an effort to panic financial markets and benefit from the fallout, Soros stated, “I have a record of crying wolf…. I did it first in The Alchemy of Finance (in 1987), then in The Crisis of Global Capitalism (in 1998) and now in this book (2008’s The New Paradigm for Financial Markets). So it’s three books predicting disaster. (After) the boy cried wolf three times . . . the wolf really came.”
Respondents to a Daily Mail article about Soros’ comments accused the financier of engaging in wanton hypocrisy.
“I don’t know why on Earth they interview Soros since he has been proven again and again to deliberately spread financial rumour for his own exploitation and gain,” wrote one, “Soros became a multi multi billionaire precisely through manipulating markets like this – if this man says that we are heading for a 1930’s style crash you can guarantee he already has plans to profit from it.”
http://www.reuters.com/article/ousiv/idUSPEK4365020080917?sp=true
US authorities have now spent $900 billion to prop up the financial system
http://www.swissinfo.ch/eng/..d=9736054&cKey=1221686585000&ty=ti
Central banks pump £100bn into money markets
http://www.telegraph.co.uk/money/m..2008/09/17/cncentral117.xml
Treasury announces debt auctions for Fed
http://ap.google.com/article/ALeqM5jnS9Vm..m4iAD938I1A80
Fed Pumps $70B Into Financial System
http://news.yahoo.com/s/ap/20080916/ap_on_bi_ge/fed_credit_..E44U6Xfx.Fe7GUOQ.D1v24cA
Run On The Bank? Americans Could Lose Their Deposits
http://www.prisonplanet.com/run-on-the-bank-americans-could-lose-their-deposits.html
Merrill Lynch seals future with Bank of America deal
http://business.timesonline.co.uk/tol/bu.._finance/article4755438.ece
Rogers: Dollar To Lose World Reserve Status
http://www.prisonplanet.com/rogers-dollar-to-lose-world-reserve-status.html
Paulson: Congress Has No Authority Here
http://bigpicture.typepad.com/comments/2008/09/paulson-congres.html
Goldman profit plunges 70 pct amid market slump
http://news.yahoo.com/s/nm/20080916/bs_nm/goldmansachs_dc
August home starts seen at lowest level in 17 years
http://www.reuters.com/article/newsOne/idUSN1638353220080917
Russia halts trading after 17.5% share price fall
http://money.cnn.com/news/newsfeeds/articles..ORTUNE5.htm
Dow closed down 450
http://news.yahoo.com/s/ap/20..er=1;_ylt=Al5VvbZImvYKFj5hEtFaLktv24cA
Is Britain Heading For Worst Recession Since 1929?
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/09/15/bcnrecession115.xml
Washington Mutual Tumbles 30%
http://news.yaho..CZ6k2k2Rd38VKPgv6b.HQA
Now fear stalks British banks
Inflation rises to 4.7% and FTSE plunges ANOTHER 90 points as global markets tumble in wake of Meltdown Monday
Bush Claims Economy Can Weather Storm
Bailouts Will Push U.S. Into Depression
Filed under: Alan Greenspan, bailout, central bank, CNBC, Congress, Credit Crisis, DEBT, Dollar, Economic Collapse, economic depression, Economy, fannie mae, Federal Reserve, food crisis, food market, food prices, freddie mac, gas prices, global economy, gold, Great Depression, Greenback, henry paulson, house senate, housing market, hyperinflation, Inflation, Jim Cramer, liquidation, Mad Money, Media, medicare, morgan stanley, mortgage, mortgage companies, mortgage lenders, nationalization, NYSE, Oil, Paulson, Petrol, real estate, SEC, Stock Market, subprime, subprime lending, US Economy, US Treasury, USDA, Wall Street, Warren Buffett | Tags: securities and exchange commission
Buffett Says Fannie Mae, Freddie Mac ’Game Is Over’
Bloomberg
August 22, 2008
Fannie Mae and Freddie Mac, the two largest mortgage finance companies, “don’t have any net worth,’’ billionaire investor Warren Buffett said.
“The game is over’’ as independent companies said Buffett, the 77-year-old chairman of Berkshire Hathaway Inc., in an interview on CNBC today. “They were able to borrow without any of the normal restraints. They had a blank check from the federal government.’’
Freddie Mac and Fannie Mae touched 20-year lows yesterday on the New York Stock Exchange on speculation a government bailout will leave the stocks worthless. U.S. Treasury Secretary Henry Paulson won approval from Congress last month to pump emergency capital into the companies, which account for more than half of the $12 trillion U.S. mortgage market.
Fannie and Freddie mispriced their products and “kept existing because they had the federal government behind them,’’ Buffett said. Omaha, Nebraska-based Berkshire had been among the largest holders of Freddie until about 2001, when it became apparent the company wasn’t being run well, he said.
Jim Cramer Talks About Market Manipulation
http://www.reuters.com/article..220080820?sp=true
79 Million Americans Struggle To Pay Med Bills
http://news.yahoo.com/s/hsn/2..AjuAtPXqgtjMugI32IL4GWO9j7AB
Gold surges to a 1-week high of $839
http://africa.reuters.com/business/news/usnBAN222833.html
US Crony Capitalism
http://mparent7777-1.livejournal.com/1375774.html
Recession within year, say experts
http://uk.news.yahoo.com/pres..ay-experts-6323e80.html
Oil shoots to $122 on missile shield row
http://www.thestandard.com.hk/..70614&sid=20295831&con_type=3
Morgan Stanley Says Financial Crisis Will Last: Report
http://www.cnbc.com/id/26252398
Wholesale prices: Highest annual rate in 27 years
http://money.cnn.com/2008/08/19/ne..postversion=2008081910
Wall Street Pulls Back As Financials Fall
Stocks Fall On Inflation Data
Financial Fears, Soaring Inflation Hit Wall Street
Filed under: 1984, 4th amendment, Big Brother, CIA, CNBC, corporations, corporatism, Dictatorship, Empire, Fascism, FBI, google, internet, Internet 2, internet police, IP, Nazi, orwell, pedophilia, Police State, Surveillance, US Constitution | Tags: court, data mining, Echelon, google searches, keywords
Google searches could be used against you in court
Filed under: 2008 Election, Alan Greenspan, bernanke, central bank, CNBC, Credit Crisis, DEBT, Economic Collapse, economic depression, Economy, Federal Reserve, food prices, glenn beck, gold, GOP, Great Depression, Greenback, housing market, idaho, Inflation, interest rate cut, interest rate cuts, missouri, montana, peter schiff, rate cut, real estate, republican caucus, republican primaries, Ron Paul, ron paul delegates, silver, Stock Market, subprime, subprime lending, US Economy
Abolish the Fed – Ron Paul on CNBC
http://www.youtube.com/watch?v=mBympCQcyzY
Financial Advisor to Glenn Beck: Ron Paul Gets It
http://www.youtube.com/watch?v=Es2SZ1Z2lW8
http://www.house.gov/paul/tst/tst2008/tst031608.htm
Ron Paul Satisfies Ballot Requirements Nationwide
http://news.google.com/news/url..f2pmR2-qMAHsD2kDwRRN_9fJAdGQ
Ron Paul: Shock and Awe in Missouri
http://stcharlesjournal.stltoday.c..s/doc47e01f744db32094092795.txt
Ron Paul Turns in Signatures to Appear on Montana
http://www.ronpaul2008.com/press..ppear-on-montana-republican-primary-ballotRon Paul is On The Idaho Ballot
Ron Paul Backers Take Over GOP Caucuses
Ron Paul wins here where it counts
Ron Paul backers tangle with state GOP over caucus reports
Ron Paul: Beware the Threat from Within
Filed under: bernanke, central bank, CNBC, Credit Crisis, DEBT, Economic Collapse, economic depression, Economy, Federal Reserve, global economy, gold, Great Depression, Greenback, Inflation, jim rogers, Stock Market, swiss franc, Taxpayers, US Economy, Wall Street
Jim Rogers: Bernanke Should Be Fired
Paul Joseph Watson
Prison Planet
March 20, 2008
http://www.youtube.com/watch?v=ye1u2TgYmXo
Top investor Jim Rogers has publicly called for Federal Reserve chaiman Ben Barnanke to resign, blaming him for destroying the dollar and bailing out his friends on Wall Street at the cost of the American taxpayer, in the latest savage attack on the Fed amidst the latest round of economic turmoil.
“I think the Fed should be abolished, we’d all be better off without the Fed….in my view their day is done,” said Rogers during an appearance on CNBC yesterday.
Rogers pointed out that concerns over a vacuum of power were trite considering America had successfully lived without a central bank before and the first two central banks had failed.
Asked if Bernanke should resign, Rogers responded, “He should be fired, we can’t fire him unfortunately under the terms of his contract he’s there for another 12 years….I think eventually things are gonna get so bad we’re gonna get rid of him one way or the other he’ll resign.”
Rogers said that the Federal Reserve’s mandate was to protect the dollar but that the Fed was “letting the dollar collapse” and “filling the Federal Reserve’s balance sheet with a bunch of garbage.”
Despite the fact that Rogers admitted he was still making money due to his heavy investment in commodities, he said that he didn’t approve of what the Fed was doing.
Rogers has been on a crusade over the past few weeks, slamming the Federal Reserve with every opportunity he gets.
On Tuesday he appeared on Bloomberg News and told viewers that the Fed had “given up” on the dollar, advising people to dump the greenback and buy gold as well as currencies like the Chinese Renminbi and the Swiss Franc.
http://www.youtube.com/watch?v=wXUU_lyb0Lc
He also slammed Bernanke for bailing out his banking friends on Wall Street so they could keep their bonuses at the expense of American taxpayers and the value of the dollar.
During a CNBC appearance last week, Rogers called for the Fed to abolished outright after Bernanke dumped $280 billion in liquidity into the market, a move that put 400 points on the Dow but contributed to the dollar hitting new lows and inflation continuing to skyrocket. Rogers said the action would only cause “a worse recession in the end”.
http://video.google.com/videoplay?docid=-6046520409389956642&hl=en
http://prisonplanet.com/articles/march2008/031908_given_up.htm
Filed under: CNBC, global elite, global government, Globalism, Henry Kissinger, John McCain, New World Order
Kissinger: Protectionism Slowing Globalism
Mike Chambers
TNR Live
January 24, 2008
In an interview with CNBC’s Becky Quirk, former Secretary of State and ardent globalist Dr. Henry Kissinger speaks of his worry regarding the global financial crisis. Notice his lack of concern regarding the United States rather his outspoken concern about how current events may stymie globalization.
http://www.youtube.com/watch?v=HOFlLeUK0LA
Filed under: CNBC, Credit Crisis, DEBT, Economic Collapse, economic depression, Economy, Great Depression, Greenback, Inflation, Merrill Lynch, Stock Market, US Economy
Overstock.com CEO warns of depression
http://www.youtube.com/watch?v=m-TLfmLTiqA
Filed under: bernanke, Censorship, CNBC, Credit Crisis, digg, Economic Collapse, economic depression, Economy, Great Depression, Greenback, Inflation, poll, republican straw poll, Ron Paul, Ron Paul Banned, Ron Paul Exclusions, Sean Hannity, Stock Market, US Economy, Wolf Blitzer
Ron Paul to Bernanke: How can we solve inflation with more inflation?
http://www.youtube.com/watch?v=yAwvlDJgJbM
http://www.youtube.com/watch?v=hZsZ0_OLer4
http://www.youtube.com/watch?v=aNH5Xy8_0NM
CNBC’s Rick Santelli reporting a roar of “Ron Paul!” in the Pits!!
http://www.youtube.com/watch?v=WvirM1goFq4
Ron Paul on The Situation Room – (11/08/2007)
http://www.youtube.com/watch?v=QjOwoIydTDI
Stocks fall further on Bernanke’s economic warning
http://news.yahoo.com/s/ap/20071108/ap_on_bi_st_ma_re/wall_street
Ron Paul Says Federal Reserve ‘Robbed’ Americans of their Wealth
http://www.businessandmedia.org/articles/2007/20071108180311.aspx
‘Ron Paul just grabbed the media by the throat and got their attention with the only language they understand: money’
http://www.washingtonpost.com/w..pid=news-col-blog
DIGG Banned Ron Paul Nation!
http://www.ronpaulnation.com/?p=350
Ron Paul Wins Straw Vote in New York
http://thecaucus.blogs.nytimes.com/2…emc=eta1
Ron Paul thread was suspended in Sean Hannity’s web site
http://mwcnews.net/content/view/17921//
Ron Paul Interview CNN American Morning – (11/07/2007)
http://www.youtube.com/watch?v=CiHIZ7EOsKM
Ron Paul now a frontrunner, in the race to win it
http://www.usadaily.com/article.cfm?articleID=154392
Filed under: Bank of America, catastrophic event, central bank, citibank, CNBC, credit card, Credit Crisis, DEBT, Dow, Economic Collapse, economic depression, Economy, Euro, Federal Reserve, gas prices, global economy, gold, Great Depression, Greenback, housing market, Inflation, Iran, jim rogers, liquidation, marc faber, Merrill Lynch, Nasdaq, Oil, Petrol, S&P, Stock Market, subprime, subprime lending, US Economy, Wall Street, Yen
Gloom & Doom Economist Says Worst Is Yet to Come
CNBC
October 22, 2007
Marc Faber, editor and publisher of The Gloom, Boom & Doom Report, thinks the worst is yet to come for the global economy.
Appearing on CNBC’s “Squawk Box,” the economist and managing director of Marc Faber Ltd., explained his bearish outlook — and offered advice for how to play a glum market.
Faber perceives a “battlefield” between the Federal Reserve and other central banks, which had infused billions of dollars into the worldwide system to boost liquidity, and the counter-pressure of illiquidity brought about by market forces such as declining home prices.
Watch It:
http://www.youtube.com/watch?v=isD2aj3wh20
http://www.youtube.com/watch?v=YmORG10k71c
http://www.youtube.com/watch?v=VXsZu9oXCcg
But the economist fears that the Fed’s “throwing money at the system” will not help improve the fundamentals of the real economy. Instead, he believes, excessive monetary growth has merely driven excessive consumption in the U.S., with consumers living beyond their means and speculators “piling one bubble, housing, on top of the Nasdaq [tech] bubble” that popped in 2001-2001.
“The easy money, the easy credit — you can’t solve your problems with what caused them in the first place,” Faber declares.
He posits that a fully-realized recession at the turn of the millenium might have been for the best, restabilizing the world credit markets. “The longer you postpone the hour of truth, the worse it will be,” he augurs. “We will reach ‘zero hour,’ when more debt doesn’t help.”
How should one prepare for the full-fledged global bust Faber predicts?
Precious metals. He points to the traditional safe harbor, gold — but cautions that the precious metal is “a bit over-bought.” Construction-oriented commodities in general will continue to be driven by Chinese demand, he says, making mining companies a good bet. And he the one absolute essential: Food. “We all have to eat.”
Markets. As to national markets, Faber says that Japan and Thailand are “very reasonable.”
Currencies. He foresees the U.S. dollar remaining low against other currencies — but notes that “Euroland” is very expensive compared to the greenback.
Real estate. Faber’s outlook for real estate goes against the grain: Manhattan is the great exception to U.S. trends, continuing to rise in price even when strong U.S. regions show signs of decline. But Faber says that in the bigger perspective, New York property is as vulnerable to a credit bust as any major metropolitan areas, such as “Hong Kong, Zurich and Frankfurt.”
His real-estate advice: “Buy a farm and learn to drive a tractor.”
Related News:
Jim Rogers Shifts Assets Out of Dollar to Buy Yuan
http://www.bloomberg.com/apps/news?pid=….&refer=home
U.S. “undoubtedly in recession”: Jim Rogers
http://www.reuters.com/article/businessNe….=23&sp=true
Iran Breaks With USD
http://www.presstv.ir/detail.aspx?id=28261§i..351020102
Merrill Lynch Reports Loss on $7.9 Billion Writedown
http://www.bloomberg.com/ap…7aCkqY&refer=finance
Thousands of more jobs gone
http://www.costar.com/News/…474A4A4784CF
Bank of America To Cut 3K Jobs
http://biz.yahoo.com/ap/071024/bank_of_america_job_cuts.html
What the Citibank, et al $80B Bail-Out Fund is Trying to Avoid
http://commonsenseforecast…80b-bail-out-fund.html
Steep decline in oil production brings risk of war and unrest
http://www.guardian.co.uk/oil/story/0,,2196435,00.html
Dollar Slides To Record Low Against Euro
http://www.ft.com/cms/s/0/56….0779fd2ac.html?nclick_check=1
America vetoes G7’s dollar alert
IMF chief warns dollar may suffer ‘abrupt fall’
The Dollar: How Low Can It Go?
IMF Warns Of Inflation Risks
Weapons of mass financial destruction: The credit shock
Gold: Relentless march towards $800/oz-mark seen
US loan default problems widen
Global stocks see sharp declines
China Bank To Buy $1B Stake In Bear Stearns
The Basis for Markets Optimism
Bad Loans
Living paycheck to paycheck gets harder
Who Expects 4-Digit Gold and Why!
Oil jumps over $90 a barrel, dollar sinks to new low against the euro
Dollar dives as US slump spreads
Stocks Sink on Black Monday Anniversary
‘Black Monday’ redux? Global rally makes some sweat
Gold to go higher, says Newmont boss
UK house market is ‘heading for crash’
Dow Loses 367 Points
Markets see U.S. policy of “ignore the dollar”
IMF Badmouths The Dollar In Open Attack On American Middle Class
Dollar stays near record euro low
Video: The inevitable collapse of the dollar
Dollar Falls To New Low Against Euro
A Weak Dollar Is Bad For America
Dangers Of The Diving Dollar
Global inflation: Policymakers fear return of a banished beast
Inflation 7982% In Zimbabwe
Oil Surge To $89 May Provoke OPEC Meeting
Oil Reverses Course, Hits New Record
Gold price hits highest level since 1980
Friction over weak dollar expected at G-7 meeting
Japan and China lead flight from the dollar
2011 – The U.S. Dollar: R.I.P.
Paulson warns of damage to come
Greenspan would not be surprised to see a double-digit fall in US house prices nationally from their peak
Wall’s Street’s Rescue Plan: Be Very Afraid
GMAC Expected to Cut 25 Percent of Mortgage Workforce
Southern CA Home Sales Plunge 30%
German bank hit by subprime crisis slashes results, directors leave
The IMF States The US Dollar Still Has Some Downside
Sub-Prime Blow Up In Canada?
It’s Time For The Banks To Face The Hangman
US home foreclosures double
U.S. home starts fall to 14-year low
Experts Fear Repeat Of 1929 Economic Crash
Oil surges near $88 a barrel
Oil Futures Hit New Record Above $86
After a 200-Year Resource Bear Market, Gold Price Could Pass US$2,271
Wall Street Falls Amid Unease Over Bad Debt; Oil Settles Above $86
Gold & Oil Surges Dollar Falls
Treasury Sales May Rise 50% as Deficit Suddenly Grows
Plan to Save Banks Depends On Cooperation of Investors
Big Banks Trying to Avoid Global Economic Crash
Treasury claims power to seize gold and silver — and everything else
Income inequality worst since 1920s, according to IRS data
Man who correctly predicted Black Tuesday makes another prediction in NY Times: ‘Country is facing… a depression’
Oil Futures Hit New Record Above $85
Oil hits record $84
Bill Moyers: Are we heading for another 1929?
London, Not U.S., Controls U.S. Mortgage Crisis
Gold price rockets to 27-year high, platinum nears record
U.S. Foreclosure Filings Nearly Double in September Over Same Month a Year Ago
Strong silence from U.S. on dollar’s weakness
Central Banks Sell 475 Tons Of Gold
Credit card debt is ready to blow
Americans charge it as Bank of Subprime closes
‘The Roof Is Caving In On the Housing Market’; ‘Think Housing’s Bad? You Ain’t Seen Nothing Yet’
U.S. Economic Collapse News Archive
Filed under: 2008 Election, Censorship, CNBC, Founding Fathers, Fox News, GOP, Israel, MSNBC, poll, Republican Debate, Ron Paul, Ron Paul Exclusions, voter fraud
CNBC Learns Not To Mess With Ron Paul
http://www.youtube.com/watch?v=mEFmAqfiXnk
Top Three Candidates
http://www.youtube.com/watch?v=9t5OYUCWf7o
Ron Paul On Fox Business
http://www.youtube.com/watch?v=JXfDHXpP87o
Paul’s Campaign Has Home Spun Backing
http://www.washingtontime…017/NATION/110170041/1002
The Founding Fathers prove Republican candidates are idiots
http://politicalinquirer.com/2007…r-and-the-constitutional-grounds-for-it/
“Ron Paul was rejected because of his consistent voting record against U.S. assistance to Israel and his criticism of the pro-Israel lobby.”
http://freedom4um.com/cgi-bin/readart.cgi?ArtNum=63973&Disp=All
Victory! Ron Paul NOW invited to MSNBC presidential candidate forum
http://mparent7777-2.blogsp…paul-now-invited-to-msnbc.html
Taking Back the Election – You may not care about Ron Paul, but you should care about the way the media directs our attention to mainstream candidates
http://www.huffingtonpost.com/bryan-farrell/taking-back-the-election_b_68565.html
Ron Paul’s Big Score
http://reason.com/blog/show/123037.html
Filed under: 2008 Election, ADL, Alabama, Bill Maher, CNBC, Coup, Disinformation, Draft, GOP, Hillary Clinton, Iran, Iraq, MSNBC, Neolibs, Ron Paul, Texas, tucker carlson, ww4
Maher: ‘Ron Paul the only sane man at the CNBC debate’
http://www.youtube.com/watch?v=s_7NELg0wR8
The Austin Ron Paul Meetup Group marches for Ron Paul
http://www.youtube.com/watch?v=g_vwd4XSNdc
Video: Ron Paul Straw poll Birmingham
http://mparent7777-2.blogspot.com/…peful-paul-wins-local.html
Ron Paul Stings Hillary Clinton on Iraq War, Warns of Draft
http://usadaily.com/Article.cfm?articleID=122936
More Disinformation about Ron Paul
http://www.lewrockwell.com/blog/lewrw/archives/016102.htmlmore
ADL: Ron Paul an “extremist”
http://freedom4um.com/cgi-bin/readart.cgi?ArtNum=63853&Disp=All
Filed under: 2008 Election, Alabama, CNBC, Diebold, florida, Fox News, Fred Thompson, GOP, John McCain, Mitt Romney, poll, Propaganda, Republican Debate, republican straw poll, Ron Paul, Rudy Giuliani, Sean Hannity, voter fraud
Ron Paul Supporters Prove CNBC’s Ratings Stink
Mark Anderson
Op Ed News
October 13, 2007
After the most recent Republican Party debate on CNBC, the network ran a post-debate poll, which was promptly removed after too many Ron Paul supporters voted. In all seriousness, the explanation for removal is that Ron Paul supporters voted. In other words: CNBC didn’t like the results, so then removed their own poll.
This prompts the question: if poll results are to be discarded because you don’t like the results, then why even run a poll? This almost causes me to wonder if the “scientific” and “legitimate” polls are also designed to achieve a pre-ordained outcome. If a polling company gets something other than a desired result, do they change the results, or throw the poll out altogether?
In the CNBC editor’s explanation, he writes: “Now Paul is a fine gentleman with some substantial backing and, by the way, was a dynamic presence throughout the debate , but I haven’t seen him pull those kind of numbers in any ‘legit’ poll.”
You see? Pursuant to this calculus, all polls must show the same results – which makes them something other than real polls. If there is a disparity between two polls, then the one showing Ron Paul in the lead must be wrong, and then discarded. If, on the other hand, say, Rudy Giuliani had won the poll by a hefty margin, would they have discarded those results as well?
Which prompts the question: if Rudy Giuliani, Mitt Romney, Fred Thompson, and John McCain are the true front-runners, with legions of fans everywhere, why can’t they replicate the same thing Ron Paul supporters are doing? Where are the supporters for the other candidates?
What exactly makes the offline polls so much more scientific? In those polls, the polling companies get to choose the respondents. In online polls, people can choose to respond. Let’s not forget that elections are not conducted the same way polls are. The media and the polling companies do not get to choose who they want to vote.
Ron Paul has dominated virtually every single post-debate poll, causing the media to ignore and conceal the results of their own polls. The media has ignored so many Ron Paul debate poll victories that I have lost count. After Ron Paul does well in a poll, there is always some status quo conspiracy theorist to come along and accuse Ron Paul supporters of “spamming” or “hacking” polls, albeit without offering any evidence.
Many people who have researched this issue more than I have concluded that “spamming” polls isn’t as easy as pretended. For example: polling software will prevent a single Internet Protocol address (i.e., I.P. address, which is unique for every computer) from voting more than once.
Okay. So it is possible to vote a plurality of times in a single poll. Although I have never attempted to vote more than once in any poll, theoretically, I could have pulled off such a feat by voting once on my computer, and then, I suppose, drive to a friend’s house to vote from their computer as well. But so could any other candidate’s supporter do the same thing.
If we are to assume that if Ron Paul does well in a poll, it must have been due to a certain percentage of spam votes, then it would only be fair to assume the same trend for all of the candidates. Do Ron Paul supporters have super-secret poll spamming technology that nobody else knows of? Are only Ron Paul supporters motivated enough to attempt this?
Or, what about Sean Hannity explaining away the results of FOX News’ own poll by saying that Ron Paul supporters were “re-dialing” in text messages? That one was done via cellular phone text messaging, and it was impossible to vote more than once from one cell phone. Well, I suppose I could own more than one cell phone. But then so could any of the other candidate’s supporters. Only Ron Paul supporters “cheat” now? Is that it?
BTW, I only have one cellular phone, as I can barely afford to pay my only cellular phone bill.
If Ron Paul supporters are so technologically savvy, are so willing to cheat, and possess such secretive technology that seems to escape everybody else, then I must say I feel much more re-assured about the future of U.S. elections. We should have no problem stopping Diebold from tampering with the real election results, right?
It shouldn’t be so hard to believe Ron Paul could do well in polls for those who pay careful attention to the news. Albeit, one has to look hard for the news coverage. Ron Paul has been doing very well at straw polls. “Spamming” a straw poll in which the person must show up and vote in the flesh would be a fairly difficult feat to pull off.
When I looked at the results of the CNBC poll which was removed, the first thought that came to my mind was that CNBC may be trying to conceal more than just another Ron Paul victory.
There were just over 7,000 votes cast in their poll. Ron Paul garnered 75% of the vote. This means approximately 5,250 votes were cast for Ron Paul, leaving the other 8 candidates with a combined total of approximately 1,750 votes.
If we are compelled to abide by the mainstream media’s “scientific” curve, then we are allowed to give Ron Paul no more than, say, 2% of the total. This means we can add approximately 36 votes for Ron Paul onto the 1,750, throwing out 5,214 Ron Paul votes. This leaves us with a grand total of 1,786 votes cast on CNBC’s post-debate poll.
What do I see in this? Either a)There was no spamming, in which case Ron Paul supporters outnumber CNBC viewers by far, or b)As CNBC claims, Ron Paul’s total has to match the “scientific” polls, making everything else “spam,” meaning CNBC had only 1,786 viewers who voted in the poll.
From what I can tell, CNBC should be very concerned about its own ratings. The old media is dead. If polls showed that more than .05% of the population watches CNBC, I couldn’t believe it. I would have to discard those poll results. Maybe CNBC is trying to conceal its piss poor ratings.
How else do you explain the supporters of a man garnering “2%” in the “scientific” polls organizing so effectively that they are able to skew poll results of a network television station 3-to-1 in their favor, against 8 other candidates?
Ron Paul on PBS NewsHour with Jim Lehrer – (10/12/2007)
http://www.youtube.com/watch?v=1Ylk69fDO4U
http://www.youtube.com/watch?v=Q1l0e5Q2nGA
Ron Paul in NYC last night
http://www.youtube.com/watch?v=KC0EMgYRW14
Ron Paul Grass-roots Amazes CNN
http://www.youtube.com/watch?v=9vCujXOsFh0
An Open Letter to MSNBC/CNBC
http://www.opednews.com/arti…open_letter_to_ms.htm
A Ron Paul Supporter’s Open Reply to Mr. Wastler’s Open Letter to the Ron Paul Faithful
http://www.americanchronicle.com/articles/viewArticle.asp?articleID=40170
Ron Paul wins Conservative Leadership Conference Straw Poll
http://politicalderby.com/2007/10/13/ron-pa….ip-conference-straw-poll/
Ron Paul Wins Alabama Straw Poll
http://www.al.com/news/birminghamn…8830.xml&coll=2
Ron Paul Signs not allowed in Florida
http://youtube.com/watch?v=cJG3GB4EXag
Letter To “Don De Bats” Concerning Ron Paul
http://prisonplanet.com/articles/october2007/131007Letter.htm
What kind of “journalist” pronounces his own poll void because he doesn’t like the results?
http://members.boardhost.com/libtoday/msg/1192236391.html
Smear Campaign Against Ron Paul Goes Into Overdrive
The International Murdoch Media Smearing Of Ron Paul Begins
CNBC On Why They Pulled Debate Poll
Ron Paul Wins Debate In Another Landslide
Filed under: 2008 Election, Barack Obama, Censorship, CNBC, fake news, Fox News, GOP, Hillary Clinton, Media, Murdoch, poll, Propaganda, Psyops, Republican Debate, republican straw poll, Ron Paul, Rudy Giuliani, voter fraud
Smear Campaign Against Ron Paul Goes Into Overdrive
Corporate media peddles ridiculous conspiracy theories that Ron Paul’s meteoric popularity is entirely fake
Steve Watson
Infowars.net
October 12, 2007
The smear campaign against Presidential candidate Ron Paul has hit an all time high with the corporate media today ludicrously declaring that the Congressman’s immense worldwide popularity is all a huge con emanating from Dr Paul’s own office.
Rupert Murdoch owned Australian outlet News.com.au has today disseminated the most insidious and farcical report concerning Ron Paul to date.
Headlined Republican Ron Paul in possible ‘fake online campaign’, the article attempts to convince the reader that every aspect of Ron Paul’s popularity, from his you tube website, to his dominance of online polls and debate polls has been totally faked by his own staff!
The astounding accusation reads:
A CANDIDATE for the US presidency is being buoyed by a massive online campaign that may be a fake grassroots movement organised by party staff.
Head of Flinders University’s Department of American Studies Don De Bats told NEWS.com.au that it “sounded like” an astroturfing campaign.
Astroturfing is the term used to describe a fake grassroots campaign, where members of an organisation create the illusion that “ordinary people” are behind the movement.
Note how the author of the article uses words such as “possible” and “may” and sounded like” to cover the fact that its content is total baloney from start to finish and could even be considered libelous.
From what I can make out (please correct me if I’m wrong because this trash is almost incoherent) the author, Mark Schliebs, then makes a pathetic rambling attempt to sell the notion that because popular youtube videos of Ron Paul were uploaded by the same person with the username RonPaul2008dotcom this means it is some sort of massive fake conspiracy???!
As blogger Darryl Mason points out in this excellent rebuttal, “The RonPaul2008 channel is an election channel, which every presidential wannabe who is seriously pursuing an online audience also has, including Billary, Giuliani and Barack Obama. It’s an online campaign, so of course Ron Paul supporters or Ron Paul’s own office is going to post clips, just as the teams behind Giuliani, Billary and Obama are now also doing.”
Ron Paul’s most popular clips on youtube have received tens of thousands of views, where as figures for Rudy Giuliani’s most popular clips are in the low hundreds or even in the 90’s. Ron Paul’s youtube channel has been viewed 4.5 million times by supporters, is youtube in on this mass conspiracy too? Is youtube fixing its viewing figures for Ron Paul?
To add insult to injury Schliebs then throws in the “expert analysis” of an American studies professor. Not a technological expert or an experienced internet campaigner or someone within another successful grassroots organisation, but a guy who lectures about Abe Lincoln to 17 year olds:
Professor De Bats said that for a relatively unknown candidate like Dr Paul to have so much prominence online was suspicious.
“I would not put any credibility on those results,” Prof De Bats said.
“I find it terrifically surprising and unlikely (that Dr Paul would attract that level of response).”
I find it terrifically surprising that such awful journalism can make it into umpteen nationally syndicated newspapers, but it still has.
The piece reads like Schliebs has been ordered to attack Ron Paul and has just taken a wild stab in the dark with no foundation of evidence or substance and then had the gall to find some unwitting person with the letters “PhD” after their name to agree with him.
Similar claims denying reality have been made about Ron Paul’s dominance in polls after Republican debates. Despite the fact that most major media organisations only allow one vote from each IP address or mobile phone, for text messaging polls, corporate media outlets keep suggesting that their own polls are being rigged and hijacked by Ron Paul spammers.
In a familiar move CNBC even removed its own poll on Tuesday night just hours after the debate had ended when they realized Ron Paul was winning by such a wide margin.
Today CNBC Managing Editor, Allen Wastler, responded to demands for an explanation by clearly stating that CNBC pulled the poll because Ron Paul was winning. Wastler then also spouted the conspiracy theory that every poll is being rigged for Ron Paul to win:
Now Paul is a fine gentleman with some substantial backing and, by the way, was a dynamic presence throughout the debate , but I haven’t seen him pull those kind of numbers in any “legit” poll. Our poll was either hacked or the target of a campaign. So we took the poll down.
The next day, our email basked was flooded with Ron Paul support messages. And the computer logs showed the poll had been hit with traffic from Ron Paul chat sites. I learned other Internet polls that night had been hit in similar fashion. Congratulations. You folks are obviously well-organized and feel strongly about your candidate and I can’t help but admire that.
Some of you Ron Paul fans take issue with my decision to take the poll down. Fine. When a well-organized and committed “few” can throw the results of a system meant to reflect the sentiments of “the many,” I get a little worried. I’d take it down again.
What kind of twisted logic is this? Ron Paul has more fans and is attracting more committed and organised supporters than any other candidate, so it’s not fair? We are talking about the lead up to a democratic election for crying out loud, THAT’S THE POINT OF AN ELECTION, TO DETERMINE WHO IS THE MOST POPULAR!!
Dear Mr Wastler, some Ron Paul detractors take issue with the fact Ron Paul is trouncing the opposition. Fine. But when a well-organized and committed “few” can throw the results of a system meant to reflect the sentiments of “the many,” I get a little worried.
If a huge mass of people vote for Ron Paul and don’t vote for Giuliani, too bad for Rudy, that does not mean the poll has been “hacked”! If you don’t show up to vote, your vote doesn’t get counted my friend.
If a football teams scores more points than their rivals because their players come out more committed and stronger, does it mean the game was rigged?
Many Neo-Con blog sites now do not even include Ron Paul in their polls anymore, pretending that he doesn’t exist because too many people are voting for him!
How ridiculous is this going to get? If Ron Paul won the primaries and won the election would he then be stripped of the presidency because too many people want him to be president?
And I guess every other facet of Ron Paul’s campaign has been rigged too. I guess the 5.1 million dollars he has raised is totally fake. I guess the fact that Ron Paul is the only Republican who is gaining in campaign funds is also fake. Ron Paul has won more straw polls than any other Republican candidate, that’s fake naturally. The sun that came up this morning, that’s fake too.
Corporate media outlets and interests are clearly frightened to death that the Congressman and his campaign of freedom and limited government has quickly become a huge phenomenon and that there is now a very serious chance for a Ron Paul candidacy.
Ron Paul Wins Debate In Another Landslide
http://infowars.net/articles/october2007/111007Paul.htm
CNBC On Why They Pulled Debate Poll
http://www.cnbc.com/id/21257762
The International Murdoch Media Smearing Of Ron Paul Begins
http://yournewreality.blogsp….ational-murdoch-media-smearing-of.html
Ron Paul: Give Peace a Chance
http://www.washingtonpost.com/w….0/11/AR2007101101555.html?a=1
Filed under: 2008 Election, CNBC, Fox News, Fred Thompson, GOP, Iran, michigan, Mitt Romney, MSNBC, Murdoch, neocons, poll, Propaganda, Psyops, Republican Debate, Ron Paul, Rudy Giuliani, Saber Rattling, voter fraud
Ron Paul Wins Debate In Another Landslide
Congressman comes out on top despite being given least time, least questions and despite CNBC pulling its poll half way through
Steve Watson
Infowars.net
October 11, 2007
Ron Paul won another debate by a landslide this week despite efforts on the part of the mainstream media to limit the Congressman’s exposure and to force Rudy Giuliani down the necks of viewers.
According to an MSNBC online poll participated by over 22,000 people, Texas Congressman Ron Paul won the Tuesday night GOP Michigan debate in a landslide.
As shown in the screenshot, when asked who they thought was standing out from the pack, Paul received 86% of the online vote.
Critics have again charged that the polls were deluged by Ron Paul internet spammers. Recently hacks such as Sean Hannity and others have suggested their own polls have been fixed simply because Ron Paul won them.
In a familiar move CNBC even removed its own poll on Tuesday night just hours after the debate had ended when they realized Ron Paul was winning by such a wide margin.
Many Neo-Con blog sites do not even include Ron Paul in their polls anymore because too many people are voting for him! This is not as a result of one person voting multiple times, as in all the online polls only one vote per IP address is allowed, but the operators of the site simply don’t like Ron Paul and have chosen to ignore reality and pretend that he doesn’t exist.
In another poll this week, so called “conservative” bloggers listed Paul as their most hated “person on the right”, even though he is the most conservative Congressman in office!
In addition to CNBC pulling their poll, and continued attacks on the Congressman, the anchors of the debate on Tuesday night only allowed Paul a total of 5:44 minutes to speak, just over 6.5% of the time allotted in total to all candidates. In addition Dr Paul was only asked 7 questions, where as Giuliani and Fred Thompson were both asked over double that amount.
In addition to CNBC pulling their poll, and continued attacks on the Congressman, the anchors of the debate on Tuesday night only allowed Paul a total of 5:44 minutes to speak, just over 6.5% of the time allotted in total to all candidates. In addition Dr Paul was only asked 7 questions, where as Giuliani and Fred Thompson were both asked over double that amount.
See opposite for the figures (courtesy Marc Parent)
Ron Paul wowed viewers once again both during the debate and afterwards as he slammed the candidates who willingly accepted the idea of striking Iran from the air without the authorization of Congress:
“Why don’t we just open up the Constitution and read it? You’re not allowed to go to war without a declaration of war. Now, as far as fleeting enemies goes, yes– if there’s an imminent attack on us. We’ve never had that happen to us in 220 years. The idea that Iran could pose an imminent attack on the United States is preposterous. There’s no way.”
“This is just war propaganda preparing this nation to go to war and spread this war not only into Iraq but into Iran unconstitutionally. It is a road to disaster for us as a nation. It is the road to our financial disaster if we don’t read the Constitution once in a while.”
Afterwards the Congressman hit out at the current Administration, describing them as “all big government people” and calling for massive cuts in spending.
CNBC On Why They Pulled Debate Poll
CNBC
October 12, 2007
Dear folks,
You guys are good. Real good. You are truly a force on World Wide Web and I tip my hat to you.
That’s based on my first hand experience of your work regarding our CNBC Republican candidate debate. After the debate, we put up a poll on our Web site asking who readers thought won the debate. You guys flooded it.
Now these Internet polls are admittedly unscientific and subject to hacking. In the end, they are really just a way to engage the reader and take a quick temperature reading of your audience. Nothing more and nothing less. The cyber equivalent of asking the room for a show of hands on a certain question.
So there was our after-debate poll. The numbers grew … 7,000-plus votes after a couple of hours … and Ron Paul was at 75%.
Now Paul is a fine gentleman with some substantial backing and, by the way, was a dynamic presence throughout the debate , but I haven’t seen him pull those kind of numbers in any “legit” poll. Our poll was either hacked or the target of a campaign. So we took the poll down.
The next day, our email basked was flooded with Ron Paul support messages. And the computer logs showed the poll had been hit with traffic from Ron Paul chat sites. I learned other Internet polls that night had been hit in similar fashion. Congratulations. You folks are obviously well-organized and feel strongly about your candidate and I can’t help but admire that.
But you also ruined the purpose of the poll. It was no longer an honest “show of hands” — it suddenly was a platform for beating the Ron Paul drum. That certainly wasn’t our intention and certainly doesn’t serve our readers … at least those who aren’t already in the Ron Paul camp.
Some of you Ron Paul fans take issue with my decision to take the poll down. Fine. When a well-organized and committed “few” can throw the results of a system meant to reflect the sentiments of “the many,” I get a little worried. I’d take it down again.
Sincerely,
Allen Wastler
Managing Editor, CNBC.com
Ron Paul On Abrams Report
http://www.youtube.com/watch?v=0P_vHlufc0Y
The International Murdoch Media Smearing Of Ron Paul Begins
http://yournewreality.blogspot.com….edia-smearing-of.html
Paul campaign fueled by Web cash and savvy
http://www.usatoday.com/tech/web…htm?POE=click-refer
MSNBC: ‘Look Who’s Crashing the Party!’; Ron Paul Ranks 5th
http://www.msnbc.msn.com/id/16711064/
Ron Paul Energizes University of Michigan
http://mparent7777-2.blogspot.co…ergizes-university-of.html
Anti-War Group Releases Ad Hailing Ron Paul
http://www.youtube.com/watch?v=gh-PxT12rpE
Michigan Debate Online Polls
http://www.msnbc.msn.com/id/21209617
http://news.aol.com/elections/stor….1009164009990001
Filed under: 2008 Election, C-Span, Censorship, CNBC, Economy, George Bush, glenn beck, GOP, Iran, Iraq, Republican Debate, Ron Paul, tucker carlson, US Economy
Ron Paul On Tucker Carlson – (10/10/2007)
http://www.youtube.com/watch?v=ev4AEyac10o
Callers For Ron Paul On C-SPAN
http://www.youtube.com/watch?v=CHVJgsyvXX4
The Biggest Home Made Political Signs Ever?
http://www.prisonplanet.com/articles/october2007/111007_biggest_signs.htm
CNN’s Glenn Beck: Ron Paul “Mayor of Crazytown”
http://www.youtube.com/watch?v=O4X8ujwnjRc
Column: The Ron Paul factor
http://media.www.siude.com/me…aul.Factor-3021821.shtml
Top Presidential Candidate 2008 Websites. Guess Who’s #1
http://www.hitwise.com/political-data-center/key-candidates.php
Fiery Paul speaks on Diag
http://media.www.michigandaily.com/media…aks.On.Diag-3023631.shtml
Ron Paul a ‘Stranger’ in the GOP
http://www.jonesreport.com/articles/101007_ron_paul_stranger.html
Filed under: 2008 Election, Carl Cameron, Chris Matthews, CNBC, Economy, Fox News, GOP, Hardball, michigan, New Hampshire, Republican Debate, Ron Paul, US Economy
Ron Paul at the CNBC Economy Debate
http://www.youtube.com/watch?v=Emktu9FS2Uk
Ron Paul After CNBC Republican Debate – (10/09/2007)
http://www.youtube.com/watch?v=UbvyM5NYrpM
Ron Paul on Hardball Post Debate – (10/09/2007)
http://www.youtube.com/watch?v=E9iTVsdjBqI
Carl Cameron of Fox News Interviews Ron Paul
http://www.youtube.com/watch?v=mI7TYPJnfMY
After the Michigan Debate, Ron Paul speaks to a rally of over 2000 people!
http://rp4.us/
Major Paper Plan Article on Ron Paul NH Progress?
http://www.freemarketnews.com/WorldNews.asp?nid=50011
Kinky Friedman: Paul telling the truth ‘but nobody’s listening’
http://rawstory.com/n….man_Paul_telling_truth_but_1009.html
Michigan Debate Online Polls
http://www.msnbc.msn.com/id/21209617
http://news.aol.com/elections/stor….1009164009990001
Filed under: African Union, Amero, biometrics, Canada, canadian dollar, central bank, CFR, CNBC, DMV, Drivers License, Economy, global elite, global government, Globalism, Greenback, Illegal Immigration, Immigration, Inflation, Mexico, NAFTA, New World Order, North American Union, North Carolina, Real ID
’Amero coming within decade’
Strategist expects currency changes as Canadian dollar matches greenback
Jerome R. Corsi
World Net Daily
October 5, 2007
A commemorative amero coin |
BankIntroductions.com, a Canadian company that specializes in global banking strategies and currency consulting, is advising clients that the amero may be the currency of North America within the next 10 years.
“The amero would compete against other regional currency blocks,” BankIntroductions.com says. “At present, with the Canadian dollar approaching par, more talk for an amero currency unit will become popular in Canada.”
The company says that with the successful implementation of NAFTA, “the one dragging component for the amero will be Mexico, but in time this will change.”
“Implementation of the amero currency may actually give Mexico an economic boost, thus helping to alleviate Mexican immigration pressures into the United States for those Mexicans seeking financial gain,” BankIntroductions.com advises.
“The amero one day may well be circulating throughout North America.”
Matt Bell, president of BankIntroductions.com, told WND in an e-mail to “feel free to quote our currency research on Canada. Our general opinion on the amero stands as stated.”
As WND reported, coin designer Daniel Carr has issued for sale a series of private-issue fantasy pattern amero coins that have drawn attention on the Internet.
WND also reported the African Union is moving down the path of regional economic integration, with the African Central Bank planning to create the “Gold Mandela” as a single African continental currency by 2010.
The Council on Foreign Relations also has supported regional and global currencies designed to replace nationally issued currencies.
In an article in the May/June issue of Foreign Affairs, entitled “The End of National Currency,” CFR economist Benn Steil asserted the dollar is a temporary currency.
Steil concluded “countries should abandon monetary nationalism,” moving to adopt regional currencies, on the road to a global “one world currency.”
WND previously reported Steve Previs, a vice president at Jeffries International Ltd. in London, said the amero “is the proposed new currency for the North American Community which is being developed right now between Canada, the U.S., and Mexico.”
A video clip of the CNBC interview in November with Jeffries is now available at YouTube.com.
WND also has reported a continued slide in the value of the dollar on world currency markets could set up conditions in which the adoption of the amero as a North American currency gains momentum.
In DMV hologram, some see sign of plot
http://www.newsobserver.com/news/growth/traffic/story/723090.html
What is the ’North American Union’?
noworldsystem.com 