Sold Down the River
“Sold me down the river
Take a look and see
Sold me down the river
There`s nothing left for me!”
The Japanese Minister of Finance once again restated the new view out of Japan that the level of the Yen is no longer an obsession with the monetary authorities of that nation. His comments were interpreted by the Forex markets that intervention to stem the advance of the Yen is most unlikely. With that, market participants wasted little time bidding the Yen into a strong advance.
Those statements of his, combined with that of Federal Reserve Vice Chairman, Donald Kohn, that the US economy would not experience a quick or sharp recovery out of its recession, were both read by traders that US interest rates were not going anywhere anytime soon. Carry traders then beat the Dollar down below critical support as they rushed into higher yielding currencies such as the Aussie and Loonie. The Euro also shot up to another new yearly high.
It is looking more and more like the current Administration has set on a course of deliberate destruction of the US Dollar and with it, the economic might that the US has 
enjoyed since post World War II. As said many times on these pages, the profligacy of the US has inescapable consequences and we are now seeing a rapid acceleration of the same. The fall in the Dollar is picking up momentum and that is why we are witnessing gold moving into new highs.
Protect yourself from the theft of your wealth by these conscienceless politicians and monetary officials for they have sold their citizenry down the river and plundered them in the process far more thoroughly than Atilla and his army of Huns ever did to Rome of old. At least the Roman inhabitants were aware of the pillaging of their substance – when the general public finally awakens to the despicable looting of their savings by these reeking buzzards, they will rush into gold with a fury that will shock even many of the readers of this site.
What’s Happening Now? Everything!
Everything we have discussed here is NOW taking place.
Everything we have suggested is coming is NOW on your doorstep.
Any ideas of trading have been smashed not only by common sense, but also by the flash systems against which you do not stand a chance.
All precious metals companies with materials in, on top or mining will succeed in market terms.
All shorts in both precious metals shares and gold itself will end up covering in a less than comfortable manner.
Gold will trade at $1250 and $1650 before going parabolic in the charts.
The US dollar is nearing a severe crisis period that will occur this winter.
Middle American business is facing severe difficulty with a collapse of CIT or even a failure to refinance CIT to a comfortable level a potential crisis-producing event. CIT is to Middle America what Lehman was to the financial industry.
There is very little to add today with one exception: Have you protected yourself?
Respectfully yours,
Another Familiar Face
NY Times, LA Times, and Washington Post only reported on Van Jones’ post-resignation status. They failed to inform the public of Obama’s initial appointment of this publicly self-avowed Communist as the new Green Collar Economy Czar, expected to produce “green jobs” from a limited Curricula Vitae of community organizing of public protests. Sound familiar?
Just another familiar face in Obama’s long line of sketchy associations. More steeped in Lenin and Marx than Bill Ayers, and as racially charged as Jeremiah Wright, this figure is the best of both worlds. Add in his outspoken conspiracy theory that the Bush Administration planned 9/11, and you have a full-fledged whack-job leaving everyone wondering is there anyone checking I.D.s at the door!?
This guy has all the traits that make a great Liberal: self-loathed nationalism, civil rights gone haywire, and a communist agenda at the core. Obama is building a dream team and this guy was first on the draft list. However, Van Jones was dropped from the 3 dozen or so “Czars.” You can chalk it up to the convenient dumping of relationships with people no longer considered politically-convenient for Obama.
What is troubling is the sound of “Czar,” which shares an etymology with “Kaiser,” and can be traced back to “Caesar” and other supreme authorities and kings who held absolute, unchecked power. Even more troubling is that these Czars are functioning with the authority and power of presidential cabinet members as a part of the executive branch, except without the process of Congressional confirmation. The most troubling thing: Representative government does not seem to matter to this former Constitutional Law Prof.
FDIC Aint Wit Bein’ Broke
The FDIC is BROKE in terms of present capital and even just the 416 troubled banks.
The FDIC will approach the US Treasury within ten weeks for additional funding.
The FDIC must, as their funds are falling towards zero.
The FDIC will be restocked with funds by the US Treasury.
The FDIC then becomes another form of QE.
The Chinese are publicly opposed to a continued QE dollar program.
This adds more fuel to the fire that this coming winter will be extremely difficult for the US dollar.
The Coming Deposit Insurance Bailout
Another lesson that federal guarantees aren’t free.
Americans are about to re-learn that bank deposit insurance isn’t free, even as Washington is doing its best to delay the coming bailout. The banking system and the federal fisc would both be better off in the long run if the political class owned up to the reality.
We’re referring to the federal deposit insurance fund, which has been shrinking faster than reservoirs in the California drought. The Federal Deposit Insurance Corp. reported late last week that the fund that insures some $4.5 trillion in U.S. bank deposits fell to $10.4 billion at the end of June, as the list of failing banks continues to grow. The fund was $45.2 billion a year ago, when regulators told us all was well and there was no need to take precautions to shore up the fund. More…
Economic (K)nights in White Satin?
Beauty I’d always missed, with these eyes before,
Just what the truth is, I can’t say anymore.
There is an inexplicable, but somehow widely held, belief that stock market movements are predictive of economic conditions. As such, the current rally in U.S. stock prices has caused many people to conclude that the recession is nearing an end. The widespread optimism is not confined to Wall Street, as even Barack Obama has pointed to the bubbly markets to vindicate his economic policies. However, reality is clearly at odds with these optimistic assumptions of our economic Knights in White Satin.
In the first place, stock markets have been taken by surprise throughout history. In the current cycle, neither the market nor its Knights in White Satin saw this recession coming, so why should anyone believe that these fonts of wisdom have suddenly become so clairvoyant?
According to “official” government statistics, the current recession began in December of 2007. Two months earlier, in October of that year, the Dow Jones Industrial Average and S&P 500 both hit all-time record highs. Exactly what foresight did this run-up provide? Obviously markets were completely blind-sided by the biggest recession since the Great Depression. In fact, the main reason why the markets sold off so violently in 2008, after the severity of the recession became impossible to ignore, was that the economic Knights in White Satin had so completely misread the economy in the preceding years.
Furthermore, throughout most of 2008, even as the economy was contracting, the economic Knights in White Satin and stock market strategists were still confident that a recession would be avoided. If they could not even forecast a recession that had already started, how can they possibly predict when it will end?
The Censorship of Wasted Talent
American historical heroes, Astronauts Neil Armstrong, Dr. Joseph Kerwin, and Gene Krantz launch a new pro-life TV commercial emphasizing the shocking potential of human life, as viewed above, after CNN and NBC reject ads. Read Full Article…
With 50 million aborted, it makes one wonder how much real, tangible talent and progress has been wasted in the last 30 or so years, when it takes just one person can to utterly change the course of history.
Meanwhile, back at the ranch… Sotomayor claims that technological advances should have more bearing on the law during proceedings for the Supreme Court vacancy. However, technological advances reveal stunning findings: a fetus’s heart can be detected at 14 days! Questions on Sotomayors stance on Roe v. Wade was met with evasion.
The justice system is meant to protect the rights of the most vulnerable and innocent, instead we have thrown the lives with the most potential and the most life left to live out with the day’s garbage.
3 Numbers: America’s New Culture of Death
Flag raising at Iwo Jima, during WWII in the Pacific. Note the wreckage and carnage underfoot.
50 Million
50 Million is the number of people killed during WWII, the majority of which were civilians. Between 1973-2009, that is the same amount of people who died in the U.S. as a result of abortion.
1/3
1 out of 3 of the babies now in existence have been aborted in that span of time (’73-present). Those who have digested this number, you can see why they are so enveloped in anger toward the government which continues to fund abortion (via 330 Million+ of Federal tax dollars to Planned Parenthood, which holds tax exempt status) and allow it. In the name of helping the weak and protecting the most innocent and vulnerable, Planned Parenthood has been killing the unborn and recently born, allowed to perform major procedures on minors without guardian consent, and sheltering sex offenders in the process.
27
Obama has lifted 27 prior restrictions on abortion which has advanced not only abortion, but partial birth abortion (infanticide). Though he lied to Notre Dame in his speech regarding creating responsibility and lowering the amount of unwed mothers that would have to get an abortion (policies enacted by W. Bush), he did not lie when he stated that pro-life legislation would be a priority if he were elected. There are now 27 more reasons and counting why abortion can be used as a contraceptive.
Ironically, government was meant to protect the innocent and most vulnerable (Romans 13).
Only This Moment
This moment events are transpiring that will alter our way of life here in the United States forever.
It is indeed a rare time when one is able to spot moments in history while they are actually happening. It is generally only after the moment that the majority are able to point to a particular moment and state; “history was made at that moment”. As citizens, we have reaped the benefits of the Dollar as the reserve currency, benefits which include a life-style for the average American that is leaps and bounds beyond that of the overwhelming majority of the world’s population. It encompasses everything from the size of our cars and of our homes all the way to the size of our military and our ability to project influence around the globe. The moment the Dollar’s reserve currency status is lost will put an end to all of this. We should this moment be deeply concerned about what is occurring in Washington with regard to its spending spree and to the ruinous policies that it’s short-sighted members are currently wedded to. There are still a few moments to save the Dollar but one wonders just who is left in our nation’s capital to lead the charge.
Important Website
The following is an important website you should check often.
The Dollar Died in Rio
A major event has taken place that is a US Dollar milestone.
The financing and extremely important event is the arrangement between China and Brazil that displaces the dollar as China becomes the major trading partner with Brazil. Since then the Rial has been celebrating and the dollar has been depressed.
This is a once in approximately a century replacement of a trading currency that has always meant a dethronement of the deposed and coronation of a new currency king. The last time this happened was when the US dollar supplanted the British Pound as the major trading currency and entity with Brazil 79 years ago. It took the Brits 300 years to supplant the Portuguese Escudo with the British Pound.
Only twice has this occurred in 379 years. This is obscure to most but not to Mr. Paulson the hedge fund wizard (story here). Obscure to most, but not to our gang at FedFilter.
The dollar died in Rio and that means everywhere. It is in for a long summer and a very cold winter.
One thing is absolutely certain and that is Gold is now headed much much higher and the dollar much much lower. This is happening NOW!
Brazil and China eye plan to axe dollar
Brazil and China will work towards using their own currencies in trade transactions rather than the US dollar, according to Brazil’s central bank and aides to Luiz Inácio Lula da Silva, Brazil’s president.
The move follows recent Chinese challenges to the status of the dollar as the world’s leading international currency. More…
Pin me “a domestic terrorist”
Dedicated to all the Nepolitanos and false messiahs who would have us misplace our messianic hopes in another or revoke our secure, objective hope in the immanency of His return.
Of Languages & Holy Writ
Psalms scroll from The Dead Sea Scrolls, a 150 B.C., most likely older, partial manuscript of the Old Testament. When found, the accuracy of the manuscripts to the Old Testament that was already in circulation was stunning, despite accusations to the contrary.
Medved: Bibles, the Army and Double Standards
Michael Medved (May 13, 2009)
If the U.S. military in Afghanistan burned copies of the Koran there would be an international outcry, but when the army destroys dozens of Bibles it provokes little protest or question. Al Jazeera TV recently reported on a soldier at Bagram air base whose home church sent him copies of the New Testament translated into local languages. I am guessing the Army destroyed these Bibles sent to the soldier.
Part of the reason Muslims would get so bent out of shape is because they think of the Qur’an as a magical item or fetish which has sacred value in its physical presence. Gitmo guards even honor the fetish by handling detainees’ Qur’ans with latex gloves, and most Muslims would tell you not to touch one with unclean hands or let its elevation fall below one’s waist. Part of the reason for this is because they think that Allah dictated words directly to Muhammad alone in a cave somewhere in the middle of an isolated desert.
Little do many people know, the descendants of Muhammad in blood and religious zeal gathered thousands of differing and errant Manuscripts and burned them shortly after Muhammad died, deciding for themselves what was Muhammad’s word or not. This later became the Qur’an which they would forbid burning today and refuse to acknowledge has been refined by fire.
Christians, on the other hand, see the Bible as 100% God’s words and 100% men’s, but there is nothing sacred about its physical form, because its spiritual content is what counts. Jesus is the epitome of God’s Word in physical form, but anytime God wanted to speak, He didn’t have to dictate it to just one man. He spoke with many and various proofs to multiple people so as not to distort his message: from prophets, to Sinai, through angels and miracles, visions and dreams, even directly to men, and finally through His Son in human flesh. This is a major belief distinction between Judeo-Christians and Muslims.
Most Muslims around the world revere a book and memorize its sounds and symbols, but don’t know a lick of what it means. My formerly Muslim friends and those having grown up in Muslim countries tell me that if you read it, it is incomprehensible – it doesn’t make any sense – even if you try to understand it.
For Christians and Jews, the advantage is that we can see where changes have been made over the centuries of manuscripts and manuscript families, so we know exactly where our translations are from. Furthermore, Jews would count each letter in the Old Testament and burn manuscripts if they found just one little error in their copying of them. Burning was to preserve their purity and make sure that God’s word was faithfully passed on without addition or subtraction.
Masters of Puppets
Come Crawling faster
Obey your Master
Your life burns faster
Obey your Master
Master
The Truth is becoming a real thorn in the side of the Puppet Masters (aka the elitist Robber Barron Banksters). So many people are now finally catching on to their sinister plans that their usual strategies are not working. The facts and predictions divulged to the public via the Truth Movement have proved to be too accurate for the Puppet Master Elites to counter with their usual bogus rhetoric because no one believes them anymore. The public, via the elitist-controlled media, has listened to elitist marionettes, Bernanke, Geithner, and now the president, make ridiculous predictions that never come true and regale us with inane platitudes and silly pep talks about things like “hope,” “change,” “we see signs of improvement” and “recovery is just around the corner,” when they know all to well that not only are things getting worse, these miscreants are doing everything they can to intentionally make matters worse by order of the Masters of Puppets.
If you want to get rid of the elitist Puppet Master Robber Baron’s blight forever, leave your government officials alone, they are nothing more than weak little puppets on strings. Putting anything other than political pressure on those who are in office would play right into the hands of the elitists and give them the excuse they need to implement martial law. The ones to go after are the Puppet Masters in the top echelons, who do not currently hold public office, and whose names appear on lists of organizations such as the Trilateral Commission and the Council on Foreign Relations. Let them know in no uncertain terms that they, their filthy wealth, their dark influence and their seditious machinations to subvert our Constitution and implement a one world government are no longer welcome in the United States of America. Once the Masters of Puppets are run out of town, their marionettes will fall to the stage floor in a heap of strings and wooden sticks as their benefactors are no longer there to support them with limitless amounts of cash, equipment, media coverage, brain trusts and human resources. We can then start over and try to get it right this time like our Founding Fathers did. Simply applying the Constitution the way it was intended.
marsupiol
rcondron
tymothyson
dudebailmeout
nmilnik
Remember the Alamo… I mean Adage!!
Here is an amazing cartoon from the Chicago Tribune in 1934. Look carefully at the plan of action. Remember the adage, “Those who do not remember the past are doomed to repeat it”