Catastrophe – How Obama Is Surrendering The War On Terror

Fitna the Movie by Geert Wilders part 1 – English

Thoughts from the Frontline Weekly Newsletter

I have often written that the four most dangerous words in the investment world are “This Time It’s Different.” If memory serves me, I have written several e-letters disparaging various personages who have uttered those very words, and gone one to confirm later that it wasn’t different. It almost never is. And yet – and yet! – I am going to make the case over the next few weeks that it really is different this time, with only a lonely asterisk as a caveat. What prompts my probable foolishness to tempt the investing gods is the rather large amount of bad analysis based on unreasonable (dare I say lazy or surface?) readings of statistics that is coming from the mainstream investment media and investment types with their built-in bias for bullish analysis. Normally, gentle reader, your humble analyst is a paragon of moderate sensibilities, but I have been pushed over a mental edge and need to restore balance. I anticipate that this topic will take several weeks, as trying to cover it all in one sitting would exhaust us both. It should be fun. But first…

Peter Bernstein, R.I.P.

Twitter Revolution in Iran…

Obama’s Financial Reform Proposal: A Stealth Scheme for Global Monetary Control

by StephenLendem

When politicians plan reform, it’s wise to be skeptical and hold on to your wallets. So fixing the economy by bailing out Wall Street is wrecking it, and Obama’s proposed health care reform taxes more, provides less, places profits above human need, avoids the most vital solutions, and leaves a broken system in place.

Now there’s “Financial Regulatory Reform, A New Foundation: Rebuilding Financial Supervision and Regulation” – announced June 17 with Obama saying he’ll send Congress a plan to create new government agencies, give the private banking cartel Federal Reserve more power, and address five major problems needing regulatory and legislative measures to fix.

Big Brother in Basel: Are We Trading Financial Stability for National Sovereignty?

Global Research, June 23, 2009

www.webofdebt.com/articles

Buried on page 83 of the 89-page Report on Financial Regulatory Reform issued by the U.S. Administration on June 17 is a recommendation that the new Financial Stability Board strengthen and institutionalize its mandate to promote global financial stability. Financial stability is a worthy goal, but the devil is in the details. The new global Big Brother is based in the Bank for International Settlements, a controversial institution that raises red flags among the wary . . . .

“Big Brother” is the term used by George Orwell in his classic novel 1984 for the totalitarian state that would lock into place in the year of his title. Why he chose that particular year is unclear, but one theory is that he was echoing Jack London’s The Iron Heel, which chronicled the rise of an oligarchic tyranny in the United States. In London’s book, the oligarchy’s fictional wonder-city, fueled by oppressed workers, was to be completed by 1984. Orwell also echoed London’s imagery when he described the future under Big Brother as “a boot stamping on a human face – forever.” In Secret Records Revealed: The Men, the Money, and the Methods Behind the New World Order (1999), Dr. Dennis Cuddy asked:

“Could the ‘boot’ be the new eighteen-story Bank for International Settlements (BIS) which was completed in Basel, Switzerland, in 1977 in the shape of a boot, and became known as the‘Tower of Basel’?”

Dear Congressman….

Dear Congressman Adler,

I want to Thank You sir for co-sponsoring Congressman Paul’s bill, HR 1207, and my hope is that you and the other members of Congress, including our Senators, do not back down on this issue or change the wording so that the intent is watered down as to be ineffectual. In my opinion, which many share, the Federal Reserve has been acting irresponsibly in matters relating to all aspects of our economy. My belief is that if any bank were to be “Nationalized” that the Federal Reserve system banks should have been the first, their assets seized and returned to the Treasury, and that the creation of money should be returned to Congress, as stated in Article I, Section 8 of the Constitution of The United States.

Additionally, knowing that Congress will not move to eliminate the Central Bank, I hope that you and the other members of Congress resist President Obama‘s suggestion that we place the Federal Reserve in the position of being regulator to the banking and security industry. This would be no better than the old adage of putting the fox in charge of the hen house. We might be better served by allowing the FDIC greater oversight in banking operations as ultimately they make the decisions regarding bank solvency and compliance now.

The false intimation given that the laws that were put in place during the last depression are no longer working is an obfuscation designed to hide the fact that the most important of those laws, the Glass-Steagall Act which was intended to prevent exactly what happened, was repealed in 1999. Restoring this law and enforcing the other laws already in place would have helped to minimize, but not eliminate, the scandalous actions of the “Too Big To Fail” banksters (which quite frankly, in my opinion, are also “Too Big To Exist”). I say not eliminate because this current economic down turn is part of a larger economic cycle that culminates in serious recessions and depressions about every 60 to 70 years. You should note that all of these serious down turns were preceded by similar causes; the encouragement of the Central Banks and other lending institutions to freely issue credit beyond the ability of the debtor to repay, and was used to finance speculative “bubble economies” that ultimately ended very badly. In the absence of Central Banks, (which our nation did not always have) these economic downturns still happened, but did not last as long.

Thank you for taking the time to read my concerns, and I wish you the best of luck representing the best interests of the People of New Jersey in Washington.

Sincerely, the team..thanks T!!!

Humor from the ranks…

“Your e-mail refers to the Albanian currency as being made from dried pounded out goat p***. You, of course, are referring to the Zloty. This currency was, in fact, goat p*** and was most favored by the former regime. The Zloty was used only in foreign exchanges and then was only translatable into sugar turnips. This was great fun for the Chinese (who think that goat p*** has properties akin to Viagra or an aphrodisiac if worn about the neck), the Russians (who think that goat p*** is a great food additive, see borscht) and the Cubans (who realized that sugar turnips and goat p*** made for great low cost explosives). Since the former regime had ties (paisley print and pokie dot, mostly) with only these three countries, things went swimmingly. The law of comparative advantage worked wonderfully as nobody could produce more goat c*** than the Albanian Nubile (it is a multi-purpose goat breed). The Albanian crack team futurist planners saw the collapse of these benevolent relationships coming and decreed that the Zloty to be considered dried goat droppings suitable for heating fuel and spicing up the local delicacy, Splzity (don’t ask) and hence forth an anathema to the Albanian caught with sugar turnip on his breath. Needless to say, the commodity markets took a hickey that quarter. Turnip futures had none. There were rumors that radishes would be the next to fall (a Bulgarian item). Turmoil, tumult, tachycardia and other words that start with t. T’was a grime day and one not soon forgotten.The pyramid boys in Tiara have announced since then that the local currency, the Zumlaut, had surpassed the Zloty in popularity and can be exchanged for old KC and the Sunshine Band 8-tracks or Serbian dud artillery rounds, your pick. So as you can infer from the above, the exchange rate between the Albanian currency and the US currency is highly problematic. Since differential equations to the fourth degree are not a strong point for yours truly, I don’t have a clue as how the dollar, the yen and the Zumlaut (or Zloty, for those who got stuck in the ruble meltdown) measure up but given the exchange commodities, I would bet a lot of booty shakin’ would be goin’ on.

Remember this: There is nothing so loathsome as a man in the depths of a ether binge.

Help for the Jobless…pay it forward and pass it on…

Gerald Celente on Russia Today 17 June 2009