Filed under: 9/11, 9/11 Truth, Alex Jones, CNN, Credit Crisis, DEBT, Economic Collapse, economic depression, Economy, George Bush, George Tenet, global government, Globalism, Great Depression, Greenback, i-69, Inflation, lou dobbs, NAFTA Superhighway, New World Order, North American Union, SPP, stagflation, Stock Market, trans texas corridor, TTC, US Constitution, US Economy, us sovereignty
Lou Dobbs: New World Order Can Be Defeated
Popular CNN host attacks Bush administration for “shameless” destruction of sovereignty
Paul Joseph Watson
Prison Planet
March 7, 2008
CNN host Lou Dobbs says that the New World Order can be defeated but only if “Americans awaken and soon,” as he attacked the Bush administration’s “shameless” destruction of U.S. sovereignty on a nationally syndicated radio show.
“What we have permitted in allowing the Bush administration to have effectively further reduced our sovereignty and respect for our laws and certainly regard for our borders and our ports – it’s been a shameless, shameless period in American history that we’re going to have to reverse,” Dobbs told the Alex Jones Show.
Dobbs said that if people did not wake up to the unfolding North American Union agenda as well as the Trans Texas Corridor under the banner of the Security and Prosperity partnership, then America could “kiss its future goodbye.”
The CNN host said that the New World Order could be defeated, but only if the American people awakened and did it soon.
http://www.youtube.com/watch?v=irkyi-YWocw
http://www.youtube.com/watch?v=rSDoyzMsdg8
Speaking on the subject of 9/11, Dobbs said the federal government had acted with deceit in failing to prevent the attack .
“We gave George Tenet a gold medal while the CIA failed to act intelligently or responsibly to stop that attack – I’m talking about a government that almost seven years after September 11th continues to leave our borders wide open and our ports insecure with 95% of what enters this country uninspected, it’s unconscionable,” said Dobbs.
During the interview, Dobbs also said that the U.S. economy is heading for a stagflation crisis as a result of the U.S. government’s policy of dollar depreciation and that the only solution is for the American people to restore a proper Constitutional system of government.
“We have the specter of stagflation staring at us coldly and inevitably right now,” said Dobbs, adding, “There’s no doubt that those who would degrade the sovereignty of this country would want to certainly the power, the strength, and the respect of the U.S. dollar and it is the last thing we should permit,” he concluded.
Click here to listen to the MP3 interview with Lou Dobbs.
http://www.youtube.com/watch?v=mzMY3bHmnIw
http://www.oldthinkernews.com/Artic..orld_order_always_knew.htm
Lou Dobbs: U.S. Heading For Stagflation Crisis
http://prisonplanet.com/articles/march2008/030608_stagflation_crisis.htm
Filed under: bernanke, Credit Crisis, DEBT, ECB, Economic Collapse, economic depression, Economy, Euro, european central bank, Federal Reserve, food prices, foreclosures, gas prices, George Bush, gold, Great Depression, Greenback, housing market, Inflation, interest rate cut, interest rate cuts, Iraq, Oil, palladium, Petrol, platinum, rate cut, silver, south africa, stagflation, sterling, Stock Market, US Economy, wheat
Gold powers to record on oil, eyes $1,000
Reuters
February 29, 2008
Gold powered to a new high near $980 an ounce on Friday after crude oil set an all-time high of above $103 a barrel, igniting inflation worries and another round of buying from investors and speculators.
Palladium jumped to its highest level in more than six years and silver hit a 27-year peak. Platinum rebounded from its lows but given the absence of new developments in South Africa’s supply problems, gains are likely to be capped.
Gold jumped as high as $975.90 an ounce, up from $968.90/969.70 late in New York on Thursday. Gold has gained more than 16 percent this year, and the next upside target pegged by dealers is $1,000.
Record high oil and expectations of more interest rate cuts in the United States add to inflation pressures, elevating gold’s appeal as a hedge against rising prices, while volatile stock markets have encouraged investors to shift some of their money into gold and other precious metals.
“The target is $1,000. I personally hope it will be $1,000 within a month,” said Yukuji Sonoda, precious metals analyst at Daiichi Commodities in Tokyo, adding that gold was likely be driven by movements in oil in coming weeks. Crude oil rallied to another record above $103 a barrel as Ecuador shut a key export pipeline and a fire hit a major European natural gas plant.
While oil is at a record price in inflation-adjusted as well as nominal terms, gold has lagged. According to analysts at GFMS gold’s inflation-adjusted record is $2,079 an ounce.
“Most of the funds are buying inflation hedges such as gold, silver and oil. It’s still a bull market, where hedge funds and banks buy precious metals,” said William Kwan, a dealer at Phillip Futures in Singapore.
“I think inflation is really getting out of hand. I am looking at $955 for support and resistance at $985,” said Kwan, who pegged upside target for silver at $20.
Silver rose as high as $19.92 an ounce, its highest in 27 years, up from $19.74/19.79 an ounce in New York.
Oil Tops $103 For The First Time In History
AP
February 29, 2008
Oil prices briefly surpassed $103 a barrel for the first time Friday as persistent weakness in the U.S. dollar and the prospect of lower interest rates attracted fresh money to the oil market.
Light, sweet crude for April delivery on the New York Mercantile Exchange jumped to a new trading record of $103.05 a barrel in electronic trading before slipping back to $102.02 a barrel, down 57 cents, by midday in Europe.
On Thursday, the contract jumped $2.95 to a record settlement price of $102.59 a barrel.
Prices were supported by comments Thursday from Federal Reserve Chairman Ben Bernanke, who said the American economy is not immediately threatened with stagflation, a combination of economic weakness and rising inflation.
Investors chose to see the comments as confirmation of their beliefs that the Fed will continue cutting interest rates to try to shore up the economy.
“It seems that further interest rate cuts, additional dollar weakness and more investment buying will anchor oil to higher prices,” energy risk management firm Cameron Hanover said in its daily report. “It can’t go on forever, but it looks like it can go on for a while.”
Euro hits fresh high against dollar
Financial Times
February 29, 2008
The dollar hit another record low against the euro on Friday, as data continued to support the view that the European Central Bank will keep interest rates on hold for the foreseeable future.
Headline inflation in the eurozone stood at 3.2 per cent in January, tallying with earlier estimates and market expectations as food and energy prices leapt. Meanwhile, unemployment in the eurozone held at a record low of 7.1 per cent in January.
“With headline inflation running at a 14-year high and the lingering threat of second round effects, it is premature for the ECB to switch to an easing bias in their policy stance just yet,” said Martin van Vliet at ING.
While the ECB remained unlikely to cut eurozone interest rates at its next policy meeting on Thursday, markets were fully pricing in a cut of 50 basis points at the US Federal Reserve’s meeting on March 18.
“Markets are probably wisely bracing themselves for further monetary policy divergence between the US and eurozone over the next few months,” added Mr van Vliet.
The euro rose to a record high of $1.5238, before retreating to $1.5206, little changed on the session.
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