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Bank of America Caught Funding Mexican Drug Smugglers AND GET AWAY WITH IT!
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Lindsey Williams: Oil Will Hit $200 After Dollar Collapse in 2012
February 23, 2011
Pastor Lindsey Williams shares more top insider information of what the ruling-class elite have in store for America and the rest of the world. In October 2009, Lindsey Williams predicted that by the end of 2012 the U.S. dollar would collapse, he’s now saying that when it does collapse the chaos in the Middle East will skyrocket and will cause even more hatred for the United States. We would no longer be able to buy cheap oil from the Middle East, which will in turn spur a great oil-drilling rush here in the U.S. By the time that happens Americans will be paying $7-$8 for a gallon of gasoline and oil will be around $200 a barrel of oil. When we start paying that much we will begin to see a New World Currency.
Here are some excerpts from the 2/2/2011 interview on the Alex Jones Show:
“Once they get that crude oil to the price of somewhere around $200 a barrel they would have created so much chaos in the middle east.”
“They are going to double-cross the Arabs, the Arabs will lose what they’ve put in on our T-bills, when the dollar plummets all these T-bills, securities, Federal Reserve notes that the oil producing countries agreed to buy from us will become worthless.
Mr. Kissinger went abroad in 1977-81 during the Carter administration and cut a deal with every producing major oil country in the Middle East, and the deal was ‘we will buy your oil, we will no longer produce from America’s largest oil fields, we will buy from you IF you do the following: you must take a certain portion of what we buy oil from you with and buy our Federal Reserve issues of T-bills and securities. This in turn will pay for the interest on the national debt.’ Well when the dollar dies in 2012 the billions and billions of dollars worth of T-bills and federal reserve issues that had been sold to them will be worthless.”
This means that we will not be getting Arab oil anymore because they will be enraged with us, on top of that, the Muslim Brotherhood is destabilizing nation after nation in the Middle East as they did in Egypt, as it’s doing in Libya, from one nation to the other, Jordan, Tunisia, Turkey, Kuwait, Yemen, Saudi Arabia and when it hits Saudi Arabia you will have gasoline at the gas pumps $67 per gallon.”
“the elite know all of this in advance […] just about 3 to 4 months ago I said on the Alex Jones Show that there was going to be a crisis in the Middle East, they did not tell me it would be Egypt.”
“The standard currency of the world is crude oil, it’s the most important object out there. The Muslim Brotherhood are being supported by the elite of the world who have crude oil in the palm of their hands. What you saw happen Egypt, Libya, United Arab Emirates is going to spread throughout the entire Arab world. The elite of the world plan to double-cross the Middle East and OPEC nations.”
“The Muslim Brotherhood who is supported today by the elite of the world continue to cause conflict in the Middle East as they have in Egypt and in Libya and it will spread from one country to the other, none of them will be exempt.”
“I was told at the point the U.S. is not able to get our crude oil from the Middle East or for that matter any OPEC countries, the elite plan to open up America’s own oil fields that they have been sitting on for 50 years.”
“There is going to be a mad rush for oil production in America because we would not able to get it abroad, when the Arabs are double-crossed you will see America begin to produce from its own oil fields but what’s going to happen at that time you will be paying $7-$8 a gallon for gasoline and it will be $200 a barrel, our dollar would have already collapsed and they will bring in a world currency. In the end it’s all about bringing in a New World Order in order to accomplish what they want.”
“China has agreed with Russia to buy all of the crude oil and all the natural gas that they want. China will not be affected by the Middle East crisis because they are now getting their oil from Russia, U.S. will not be able to get it because they are supplying so much to China and as a result we will have to turn to our own oil fields here in America.”
“There will no no shortages on grocery store shelves, the grocery shelves will be full but you’re going to go hungry. Why are you going to go hungry? Not because there is a lack of groceries out there but because the prices are going to be too expensive.” “If you want groceries you better go to the grocery store and buy a 6 months to a year supply right now because the collapse of the dollar is going to accelerate.”
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Stock Market Crash to Hit by Christmas 2011
Paul B. Farrell
February 22, 2011
SAN LUIS OBISPO, Calif. (MarketWatch) — Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich.
We want to believe they’re telling us the truth. Silly, huh? Both trapped in this eternal “dance of death” controlled by programs hidden deep in our brains, telling us what to do, telling us to ignore facts to the contrary — till it’s too late, till a new crisis crushes all of us.
A trader watches his screen on the floor of the New York Stock Exchange, February 23, 2011. U.S. stocks dropped for a second straight session on Wednesday as Libya’s violence sent oil prices up briefly to $100 a barrel and tech shares sank, adding credence to calls for a market correction
Psychology offers us a powerful lesson: Our collective brain is destined to trigger a crash before Christmas 2011. Why? We’re gullible, keep searching for a truth-teller in a world of liars. And they’re so clever, we let them manipulate us into acting against our best interests.
In fact, behavioral science tells us that bankers and politicians are lying to us 93% of the time. It’s 13 times more likely Wall Street is telling you a lie than the truth. That’s why they win. Why we lose. Because our brains are preprogrammed to cooperate in their con game. Yes, we believe most of their lies.
One of America’s leading behavioral finance gurus, University of Chicago Prof. Richard Thaler, explains: “Think of the human brain as a personal computer with a very slow processor and a memory system that is small and unreliable.” Thaler even admits: “The PC I carry between my ears has more disk failures than I care to think about.” Easy to manipulate.
Eternal love story: Your brain’s in love with Wall Street’s brain
Thaler’s a quant, speaks mostly in cryptic algorithmics. So if you really want to know how Wall Street’s con game works on you, Barry Ritholtz, the financial genius behind “Bailout Nation,” recently summarized it in the Washington Post: “Humans make all the same mistakes, over and over again. It’s how we are wired, the net result of evolution. That flight-or-fight response might have helped your ancestors deal with hungry saber-toothed tigers and territorial Cro Magnons, but it drives investors to make costly emotional decisions.”
Humans have something “akin to brain damage,” says Ritholtz. “To neurophysiologists, who research cognitive functions, the emotionally driven appear to suffer from cognitive deficits that mimic certain types of brain injuries. … Anyone with an intense emotional interest in a subject loses the ability to observe it objectively: You selectively perceive events. You ignore data and facts that disagree with your main philosophy. Even your memory works to fool you, as you selectively retain what you believe in, and subtly mask any memories that might conflict.”
Worse, there’s no cure.
Your brain needs to believe lies; Wall Street loves telling lies
Examples: USA Today headline: “Average Bull is 3.8 years: We’re not at 2 yet.” More upside. Wall Street loves it. The Wall Street Journal: “Stock recovery in high gear … S&P500 now speeding toward its next landmark,” double its March 2009 bottom.
Other lies: Inflation and rate rises won’t push China and America over the edge into a new bear recession. That one’s real popular in Wall Street’s echo chamber. Wall Street also cheers every time cable pundits and journalists repeat their favorite statistic: That stocks rally in the third year of a presidency, often more than 20%. Yes, Wall Street loves those 93% lies.
Biggest lie? Wharton’s perennial bull, Jeremy Siegel, of “Stocks for the Long Run” fame, recently told a TD Ameritrade Institutional Conference, “There’s nothing but upside to come …the next several years are going to be good for stocks.”
Yes, one of Wall Street’s favorite co-conspirators is hypnotizing thousands of our best money managers and advisers into believing the lie that this bull market will roar indefinitely. Worse, they’ll use that message to sell naive investors on buying whatever junk Wall Street is selling.
Get the picture? A little conspiracy begins in your head, a conspiracy between your gullible brain and Wall Street’s con men selling hype, hoopla and happy-talk. Listen and you’ll lose.
Warning: This little conspiracy is a retirement killer. Remember: It’s odds-on you’re being lied to. So for a few moments, listen to some highly respected contrarians. They’re short-selling this conspiracy, betting that 2011 will hit headwinds before Christmas, turn a cyclical bull rally into a cyclical bear market.
Our brains never learned 2008’s lessons, will fail again in 2011
Remember, we can’t help it. Our brains are defective, biased, manipulated by unseen forces 93% of the time. So blame all the lies, lying and liars on our brain wiring. A perfect excuse. Sure, political dogma and insatiable greed factor into our bizarre mental equations. But your brain is as susceptible to the “great con” as Ben Bernanke, Henry Paulson, Bernie Madoff.
Go back a few years: The subprime credit meltdown was widely predicted years in advance. For example, back in 2007, the IMF’s Chief Economist, Raghuram Rajan, “delivered a stark warning to the world’s top bankers: Financial markets were headed for doom. They laughed it off,” said the Toronto Star. Both Alan Greenspan and Larry Summers were there.
In April 2007, Jeremy Grantham, whose firm manages $107 billion, also warned investors: “The First Truly Global Bubble: From Indian antiquities to modern Chinese art; from land in Panama to Mayfair; from forestry, infrastructure, and the junkiest bonds to mundane blue chips; it’s bubble time. … Everyone, everywhere is reinforcing one another. … Bursting of the bubble will be across all countries and all assets … no similar global event has occurred before.”
We knew a crash was coming, Wall Street laughed.
Call it denial, or lying, or just a brain defect, late that summer as the meltdown spread like wildfire, shutting down the economy, our manipulative Treasury Secretary Hank Paulson, a former Goldman Sachs CEO, told Fortune “this is far and away the strongest global economy I’ve seen in my business lifetime.” And Fed boss Bernanke was telling us the subprime crisis was “contained.” Alan Greenspan agreed. He was on tour, making millions hustling his new book of excuses, delusions and lies, “The Age of Turbulence.”
Today, just three years later, the market’s just a shade above its 2000 peak. Adjusted for inflation, Wall Street stocks have lost roughly 20% of your retirement money the past decade. Get it? Wall Street’s a big loser the past decade. And they’ll lose another 20% by 2020. Why? Because 93% of what comes from Wall Street is suspect, can’t be trusted.
Warning: Cyclical bull ends in 2011, new cyclical bear roars back
At the beginning of 2011 USA Today reported a contrarian forecast. Ned Davis Research says the S&P 500 will make a run at the 2007 high of 1,565, but hit a “midyear peak.” Then it will crash as interest rates rise. Davis concludes: “The midyear peak could mark the end of the cyclical bull market that began in March 2009 and the start of a new cyclical bear market.”
Warning, even though your brain doesn’t want to hear it, there is a high probability a new cyclical bear market will begin this summer … and overshadow the 2012 elections.
The Journal’s also warning: “Inflation jitters spread through emerging markets, prompting China’s central bank to raise interest rate for the third time in four months amid worries that a drought threatening the country’s wheat crop will put further pressure on global food prices.”
Wake up America: With commodity prices rising rapidly, all the bizarre rationalizations Wall Street uses to keep Bernanke’s interest rates low are rapidly vaporizing. Yes, Ned Davis’ prediction of a bear will soon be a painful reality.
S&P 500 inflated, worth just 910, get out before it tops 1,500
Grantham also sees inflation and rising interest rates killing the lies, popping the bubble and ending the rally: “As a simple rule, the market will tend to rise as long as short rates are kept low. This seems likely to be the case for eight more months and, therefore, we have to be prepared for the market to rise and to have a risky bias.”
With $107 billion at stake Grantham better be concerned. He predicted the 2008 meltdown, now sees a repeat dead ahead: “Be prepared for a strong market and continued outperformance of everything risky, but be aware that you are living on borrowed time as a bull.”
Yes, the bubble will pop this year says Grantham: “If the S&P rises to 1,500, it would officially be the latest in the series of true bubbles. All of the famous bubbles broke, but only after short rates had started to rise.”
So keep a close watch on those two tipping points in your planning, interest rates breaking to the upside and the S&P closing near 1,500. When inflation pushes interest rates up they’ll choke off this bull market. If you’re active, better stop chasing higher returns, especially emerging markets.
Bottom line: In what sounds like a direct shot at super-bull Jeremy Siegel, Grantham says that GMO’s research warns that “the market is worth about 910 on the S&P 500, substantially less than current levels” just above 1,300.
Then Grantham throws his fast ball right down the middle: “The speed with which you should pull back from the market as it advances into dangerously overpriced territory this year is more of an art than a science, but by October 1 you should probably be thinking much more conservatively.”
Translation: Get the heck out of Wall Street’s stock market casino soon, maybe as early as July 4th, and definitely get out by Christmas, because soon all the lies, lying and liars will stop working.
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New York Stock Exchange Sold To Germany
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Why Isn’t Wall Street in Jail?