Cause:
"We are grateful to the Washington Post, the New York Times, Time magazine and other great
publications whose directors have attended our meetings and respected the promises of discretion
for almost forty years. It would have been impossible for us to develop our plan for the world if
we had been subject to the bright lights of publicity during those years. But, the world is now more
sophisticated and prepared to march towards a world-government. The supranational sovereignty
of an intellectual elite and world bankers is surely preferable to the National auto determination
practiced in past centuries"--David Rockefeller in an address to a Trilateral Commission meeting
in June of 1991
Effect:
Showing posts with label ben bernanke. Show all posts
Showing posts with label ben bernanke. Show all posts
Tuesday, June 28, 2011
Sunday, April 17, 2011
Inflation Versus Hyperinflation -- The Crucial Difference
From Taipan Publishing Group
and Max Keiser.
...That is one of the great ironies at this juncture of financial history. The deflation monster still has not been vanquished! It is simply hiding under the bed, biding its time until the Fed-and-China-created stimulus bubble pops.
And when that bubble DOES pop, that's when things get really frightening. When the global economy endures some domino chain combination of Japan/Middle East/China/America implosion, the threat of Great Depression 2.0 comes roaring back, bigger and uglier than before (as all the extend and pretend actions taken until now have only made the problems worse).
That is the point where true panic comes in... when the attempt to stop "normal" inflation triggers an economic collapse that rivals Great Depression conditions. At that juncture, it will be apparent to all that the Federal Reserve has run out of bullets... that "more stimulus" simply cannot work... that trillions have already been thrown down the drain.
It is then, when the monetary authorities wet their pants in the face of a new deflationary panic, that the real threat of hyperinflation returns to the fore. If all hope becomes lost in a hopeless situation, we could see the Fed desperately propose something like QE2 times 10, on the order of not $600 billion but $6 trillion. That is when the real horror would begin...
Read more.
and Max Keiser.
...That is one of the great ironies at this juncture of financial history. The deflation monster still has not been vanquished! It is simply hiding under the bed, biding its time until the Fed-and-China-created stimulus bubble pops.
And when that bubble DOES pop, that's when things get really frightening. When the global economy endures some domino chain combination of Japan/Middle East/China/America implosion, the threat of Great Depression 2.0 comes roaring back, bigger and uglier than before (as all the extend and pretend actions taken until now have only made the problems worse).
That is the point where true panic comes in... when the attempt to stop "normal" inflation triggers an economic collapse that rivals Great Depression conditions. At that juncture, it will be apparent to all that the Federal Reserve has run out of bullets... that "more stimulus" simply cannot work... that trillions have already been thrown down the drain.
It is then, when the monetary authorities wet their pants in the face of a new deflationary panic, that the real threat of hyperinflation returns to the fore. If all hope becomes lost in a hopeless situation, we could see the Fed desperately propose something like QE2 times 10, on the order of not $600 billion but $6 trillion. That is when the real horror would begin...
Read more.
Thursday, April 7, 2011
Marc Faber - Mr. Bernanke is a Murderer of the Middle Class
From King World News
...“Well my friend Eric Sprott he maintains that there is a genuine shortage of silver and that may be the case so silver may still move up...Now with the loss of purchasing power of the dollar and other currencies people are concerned if they have say a million or a billion dollars that the value of these dollars will one day be next to nothing.
So they have to invest in something and so they look for real estate, they look for equities and of course they come to realize slowly, I have to say very slowly that gold and silver are not commodities in the sense of industrial commodities, but that they are currencies. Precious metals are basically currencies that are honest because you can’t increase the supply indefinitely. You can’t have QE2, QE3, QE4 in the gold market.
...If you print money everything will go up...and now the money printing doesn’t go into housing because we have an oversupply of housing, but it goes into equities and for Mr. Bernanke unfortunately into commodities. And this is lifting the cost of living of the median household, of the typical household in the US...Mr. Bernanke is a murderer, he’s a murderer of the middle class and the working class.”
The destruction of the middle class will be a huge issue going forward for the United States. As the chasm between the rich and the poor widens, in all likelihood we will see civil unrest in the US. I suspect in the end Faber will be right, Bernanke will continue to be a murderer of the middle class. He will be the “great destroyer” of the standard of living for most Americans.
...“Well my friend Eric Sprott he maintains that there is a genuine shortage of silver and that may be the case so silver may still move up...Now with the loss of purchasing power of the dollar and other currencies people are concerned if they have say a million or a billion dollars that the value of these dollars will one day be next to nothing.
So they have to invest in something and so they look for real estate, they look for equities and of course they come to realize slowly, I have to say very slowly that gold and silver are not commodities in the sense of industrial commodities, but that they are currencies. Precious metals are basically currencies that are honest because you can’t increase the supply indefinitely. You can’t have QE2, QE3, QE4 in the gold market.
...If you print money everything will go up...and now the money printing doesn’t go into housing because we have an oversupply of housing, but it goes into equities and for Mr. Bernanke unfortunately into commodities. And this is lifting the cost of living of the median household, of the typical household in the US...Mr. Bernanke is a murderer, he’s a murderer of the middle class and the working class.”
The destruction of the middle class will be a huge issue going forward for the United States. As the chasm between the rich and the poor widens, in all likelihood we will see civil unrest in the US. I suspect in the end Faber will be right, Bernanke will continue to be a murderer of the middle class. He will be the “great destroyer” of the standard of living for most Americans.
Sunday, April 3, 2011
Inside Job, Oscar-Winning Documentary, Now Online (Free)
Besides the annoying music at the beginning of this film, it's basically a very good introduction to the corruption of the American financial system, and its dangers.
The film is free to watch online at Open Culture.
Here below is a Charlie Rose interview with the director about the film:
The film is free to watch online at Open Culture.
Here below is a Charlie Rose interview with the director about the film:
Sunday, March 13, 2011
Hacker Group Anonymous Brings Peaceful Revolution To America: Will Engage In Civil Disobedience Until Bernanke Steps Down
From Zerohedge
The world's most (in)famous hacker group - Anonymous - known for effectively shutting down their hacking nemesis security firm (with clients such as Morgan Stanley and, unfortunately for them, Bank of America)- HBGary, advocating the cause of Wikileaks, and the threat made by one of its members that evidence of fraud by Bank of America will be released on Monday, has just launched communication #1 in its Operation "Empire State Rebellion." The goal - engage in "a relentless campaign of non-violent, peaceful, civil disobedience" until Ben Bernanke steps down and the "Primary Dealers within the Federal Reserve banking system be broken up and held accountable for rigging markets and destroying the global economy effective immediately."
The Anonymous manifesto:
We are a decentralized non-violent resistance movement, which seeks to restore the rule of law and fight back against the organized criminal class.
One-tenth of one percent of the population has consolidated wealth in unprecedented fashion and launched an all-out economic war against 99.9% of the population.
We are not affiliated with either wing of the two-party oligarchy. We seek an end to the corrupted two-party system by ending the campaign finance and lobbying racket.
Above all, we aim to break up the global banking cartel centered at the Federal Reserve, International Monetary Fund, Bank of International Settlement and World Bank.
We demand that the primary dealers within the Federal Reserve banking system be broken up and held accountable for rigging markets and destroying the global economy, effective immediately.
As a first sign of good faith we demand Ben Bernanke step down as Federal Reserve chairman.
Until our demands are met and a rule of law is restored, we will engage in a relentless campaign of non-violent, peaceful, civil disobedience.
In our next communication we will announce Operation Empire State Rebellion.
The world's most (in)famous hacker group - Anonymous - known for effectively shutting down their hacking nemesis security firm (with clients such as Morgan Stanley and, unfortunately for them, Bank of America)- HBGary, advocating the cause of Wikileaks, and the threat made by one of its members that evidence of fraud by Bank of America will be released on Monday, has just launched communication #1 in its Operation "Empire State Rebellion." The goal - engage in "a relentless campaign of non-violent, peaceful, civil disobedience" until Ben Bernanke steps down and the "Primary Dealers within the Federal Reserve banking system be broken up and held accountable for rigging markets and destroying the global economy effective immediately."
The Anonymous manifesto:
We are a decentralized non-violent resistance movement, which seeks to restore the rule of law and fight back against the organized criminal class.
One-tenth of one percent of the population has consolidated wealth in unprecedented fashion and launched an all-out economic war against 99.9% of the population.
We are not affiliated with either wing of the two-party oligarchy. We seek an end to the corrupted two-party system by ending the campaign finance and lobbying racket.
Above all, we aim to break up the global banking cartel centered at the Federal Reserve, International Monetary Fund, Bank of International Settlement and World Bank.
We demand that the primary dealers within the Federal Reserve banking system be broken up and held accountable for rigging markets and destroying the global economy, effective immediately.
As a first sign of good faith we demand Ben Bernanke step down as Federal Reserve chairman.
Until our demands are met and a rule of law is restored, we will engage in a relentless campaign of non-violent, peaceful, civil disobedience.
In our next communication we will announce Operation Empire State Rebellion.
Tuesday, January 4, 2011
Wednesday, December 29, 2010
Wednesday, December 8, 2010
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