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Posts Tagged ‘Economy’

Boosting The Dying Dollar With A False Rally

Posted by truthpills on 2009/05/13

Posted: May 9 2009
By Bob Chapman

Suckers rally sets up the unwinding of the market, Rally just like in 1933, wealth producers becoming impoverished, Fed officer busted for fraud, troubles in the Economy are far beyond fixing, interdependence of banks around the world expected to worsen economic problems

On Friday the dollar completely broke down, with the USDX collapsing to about 82.5, as monetizations by the Fed became a stark reality. A world stock market collapse could be imminent as a source of dollar support. We wonder how low they will let the dollar go before they collapse the stock markets to chase people back into US treasuries, which have also broken down, with treasury interest rates on the rise despite various Fed purchases of treasuries in the hundreds of billions. So much for the bogus stress tests as things turn much uglier than anticipated by the boneheads in Goldman Sachs South who are attempting to resurrect the Goldilocks Matrix. The suckers rally is simply the loading and winding of a catapult meant to throw the dollar upward as the stock market spring unwinds at the moment chosen by the PPT, which moment has already been telegraphed to Illuminist insiders for their continued looting of the sheople and for the filthy aggrandizement of their growing mountain of ill-gotten gains. The stock market shorts are being set up in the dark pools of liquidity beyond the purview of regulators as this article is being written, so if you plug yourself back into the pod electrodes of the Goldilocks Matrix again, you are in for a major shock.
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The Direction Of The Economy Is Not Going To Change

Posted by truthpills on 2009/05/03

Posted: May 2 2009
By Bob Chapman

Suckers rally in the markets, Dow will be driven down again, market gyrations motivated by insider greed, bank acquisitions point to a greater agenda, despite what economists and institutions are attempting, the economy will remain in a spiral

In the first three weeks of April this year, insiders for NYSE listed companies sold 8.32 times more stock, by dollar value, than they purchased. What does that tell you? We won’t insult your intelligence by answering. If ever there was an indicator to identify a sucker’s rally, this would be it. This is the ongoing Big Sting Two as strength is created by the PPT for insiders to sell into as our economy collapses under a dollar-busting juggernaut of fiat paper, aka Federal Reserve notes, being monetized at light speed as our President and Congress go on a spending spree that makes the spending habits of a Saudi sheik’s entourage look like those of a group of Welsh penny-pinchers. So much for “beloved” Emperor Obama’s promise to put an end to legislative pork and fiscal profligacy.

The insider sales being made in public view pursuant to insider trading rules are just the tip of the iceberg when it comes to Big Sting Two trades, most of which are done behind our backs in dark pools of liquidity such as Project Turquoise, Baikal and the OTC derivative markets, which are totally opaque and unregulated. As a result, the SEC has no public record of insider trades to scrutinize, not that it matters, because they only prosecute the scapegoats set up by elitist flimflam artists while the real criminals profit handsomely from their crimes. Then, of course, once the rally has reached its manipulated end as disclosed in advance by the PPT to insiders, all the elitist insiders go short while strength on the sell side is created for them to short into as investors are terrorized by Cramer and/or Buffet. If you are not an insider, you need to get out of the stock markets and bond markets – NOW!!! – with the exception of gold and silver shares or short postions. It is suicide to try to beat them at their own game. Do not empower them by giving them your money so they can steal it from you.

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The Clock Ticks Towards Financial Judgement Day

Posted by truthpills on 2009/04/30

Posted: April 29 2009
By: Bob Chapman

cronies Run America, incompetents get bonuses, at least our readers wont be totally blindsided by events, a fantastic increase in money and credit is coming to the third world, massive monetization to come before the final collapse,  debt and corruption remain as major problems in first world, massive pension shortfalls, no way to raise money for large entities,

America is no longer a republic. It has degenerated into a system where the rich run the country by having purchased all of our political institutions. As a result Americans have become sheeple who are being terrorized by the ruling illuminist class. We recently saw signs of unhappiness at the “Tea Parties held around the nation. Those kinds of activities are healthy in a Democracy, but they have to be turned into further action – not just an email here and there to Congress. Remember your government considers you the enemy. You are a terrorist because you disagree with what government is doing. You disagree with a mob of white-collar criminals, who are stealing everything not nailed down and most of whom are willing to go along with a one-world government. Is it any wonder so many Americans are leaving the US?

The long arm of government is reaching into every cranny of our lives. We do not think Merrill Lynch and AIG’s incompetents should have received bonuses, but the very fact that government was ready to institute a retroactive 90% income tax rate should send shivers through every American. It should also be very disturbing when the CEO of Bank of America testifies under oath that Paulson and Bernanke forced him to shut up over the Merrill Lynch bonuses. Paulson said Bernanke directed him to do so and the Fed said no such orders were given. They are all liars.
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The Much Much Greater Depression

Posted by truthpills on 2009/04/16

By Bob Chapman
Posted: April 15 2009

unfavorable forecasts in the years to come, deficits set to increase, the devastating impact the inane bailouts, failing production and tanking consumer spending will have on our economy, a toxic asset sale wont fix the world economy

Barack Romulus Augustulus Obama claims that his Administration will end the budget deficits by the end of his first, and hopefully last, term in office. Our peerless leader’s projections are based on an average GDP of 2.6%, while Congress disagrees, using an average GDP of 2.2%, in their budget forecasts for what will be the next wildly excruciating four years. Would these be the projections for the US Economy, or are they for Never, Never Land, or for the rabbit hole in Alice in Wonderland? Perhaps Tinker Bell can sprinkle some fairy dust on our economy to make these phantasms come true. What kind of utterly preposterous poppycock will the Illuminati come up with next? It appears that the Puppet Masters, their Wall Street henchmen and their US government flunkies have now added crack-smoking to their usual Satanic rituals and occult New Age meditations as they fire up the Goldilocks Matrix for another round.
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An Asset Bubble for the History Books

Posted by truthpills on 2009/04/09

By Bob Chapman
Posted: April 8 2009

Big bank money bombs will blow up money supply, economic data distorted beyond recognition, Fed magically conjures money, dollar set to lose its status in world currencies, zombie banks suck in healthy banks, just like in the movie, mark to market rules still hiding trillions in losses

Many of you may recall that there was a tulip mania in Holland in the 1630’s that has become synonymous with asset bubbles. Just to give you an idea of how over-the-top this mania became, the price for a single tulip bulb at one point during this mania was in the tens of thousands of dollars in terms of today’s prices. And believe it or not they were writing futures contracts on tulip bulbs! Now, courtesy of our new Treasury Secretary, Kissinger protégé Little Timmy Geithner, who is on loan from the Federal Reserve Bank of New York, and Little Timmy’s sidekick, Buck-Busting-Ben, chairman of the privately owned Fed, we are about to experience a hyperinflationary money bubble as Little Timmy and Buck-Busting-Ben create and unleash a money supply mania. That money supply mania will cause many other manias, including gold and silver manias, as tangible asset prices skyrocket.
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Flint, MI, Considers Shutting Down Quadrants of City

Posted by truthpills on 2009/04/03

Kristin Longley
The Flint Journal
March 31, 2009

Look in any direction from Bianca Bates’ north Flint home, and you’ll see graffiti-covered siding, boarded-up windows and overgrown lots.

About half of the homes on her block are burned out or vacant magnets for drug dealers and squatters. It isn’t where she thought she’d end up, but it’s all she can afford to rent.

“It’s a dangerous place to live,” said Bates, 21, who lives on East Russell Avenue. “Everywhere you look, these houses are empty around here.”
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Potential For Open Revolt At Upcoming G 20 Meeting

Posted by truthpills on 2009/04/02

By Bob Chapman
Posted: April 1 2009

Showdown at G-20, half a million demonstrators, billions and trillions in monetizations still to come, big foreign ownership of US debt, no real political will to tackle banking crisis in US, all these debts now far too large to be repaid.

This week the G-20 meets. There will be several serious items on the agenda but the most important is the fate of the dollar as a world reserve currency. The US elitists needless to say want the dollar to retain its standing and the Europeans, Chinese, Iranians and Russians want a new international trading unit. Foreigners have lost respect, trust and confidence in the dollar and in American financial management. They are tired of taking losses and subsidizing the incredible American lifestyle. There is no consistency and the insiders are propping up the financial community, and not the economy. They disagree with zero interest rates and the wanton increase in money and credit displayed by the US and England.

The Fed’s Ben Bernanke’s plan of throwing money at everything doesn’t work and the European Illuminists know that. Treasury Secretary little Timmy Geithner is viewed as an incompetent with a poor record. Thus, America is stuck with the monetizing twins Ben and Timmy. As we said in previous issues the first $300 billion for buying Treasuries will be followed by another $1 trillion and eventually $5 trillion or more. Inflation is going to go through the roof. It is no wonder foreigners are upset. They now know the longer they wait and hold dollars the more expensive it will be for them.
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Geithner’s ‘Dirty Little Secret’: The Entire Global Financial System is at Risk

Posted by truthpills on 2009/03/31

F. William Engdahl
Global Research
March 30, 2009

US Treasury Secretary Tim Geithner has unveiled his long-awaited plan to put the US banking system back in order. In doing so, he has refused to tell the ‘dirty little secret’ of the present financial crisis. By refusing to do so, he is trying to save de facto bankrupt US banks that threaten to bring the entire global system down in a new more devastating phase of wealth destruction.

The Geithner Plan, his so-called Public-Private Partnership Investment Program or PPPIP, as we have noted previously is designed not to restore a healthy lending system which would funnel credit to business and consumers. Rather it is yet another intricate scheme to pour even more hundreds of billions directly to the leading banks and Wall Street firms responsible for the current mess in world credit markets without demanding they change their business model. Yet, one might say, won’t this eventually help the problem by getting the banks back to health?

Not the way the Obama Administration is proceeding. In defending his plan on US TV recently, Geithner, a protégé of Henry Kissinger who previously was CEO of the New York Federal Reserve Bank, argued that his intent was ‘not to sustain weak banks at the expense of strong.’ Yet this is precisely what the PPPIP does. The weak banks are the five largest banks in the system.

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America Potentially The Next Weimar or Argentina

Posted by truthpills on 2009/03/27

By: Bob Chapman
Posted: March 25 2009

Treasury Secretary Timothy Geithner tells us we are in a recession that will last for some time. Ben Bernanke, Federal Reserve Chairman says the economy would bottom this year. We do not think Ben is right but even if he was right he didn’t tell us how long we would bump along the bottom. If the bottom is in sight and Citigroup, GE, Hartford Insurance Lincoln Insurance, AIG, GM and Chrysler, etc. won’t need any more government funding. In fact banks are telling us they are going to make money in the first quarter. If all this is so, why is Mr. Bernanke monetizing $300 billion of Treasuries. We notice he has made no statement regarding the secret monetization that has been going on for four months. Needless to say, that is another state secret. He might also explain why there was enormous call buying in bond futures options over the three days prior to the announcement on Wednesday. Obviously there was a major leak to the anointed on Wall Street.

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Is the Bailout Plan Breeding a Greater Crisis?

Posted by truthpills on 2009/03/27

Paul Craig Roberts
March 26, 2009

At his March 24 press conference President Obama demonstrated that he is capable of understanding issues as presented to him by his advisers and able to pass on the explanations to the press. The question is whether Obama’s advisers understand the issues.

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