(Dirty) Supermarket Secrets

Supermarket Secrets – Dispatches part 1

Supermarket Secrets – Dispatches part 2

Rise of sea levels is ‘the greatest lie ever told’

 

Christopher Booker
Last Updated: 6:31PM GMT 28 Mar 2009

The uncompromising verdict of Dr Mörner is that all this talk about the sea rising is nothing but a colossal scare story, writes Christopher Booker.

If one thing more than any other is used to justify proposals that the world must spend tens of trillions of dollars on combating global warming, it is the belief that we face a disastrous rise in sea levels. The Antarctic and Greenland ice caps will melt, we are told, warming oceans will expand, and the result will be catastrophe.

Although the UN’s Intergovernmental Panel on Climate Change (IPCC) only predicts a sea level rise of 59cm (17 inches) by 2100, Al Gore in his Oscar-winning film An Inconvenient Truth went much further, talking of 20 feet, and showing computer graphics of cities such as Shanghai and San Francisco half under water. We all know the graphic showing central London in similar plight. As for tiny island nations such as the Maldives and Tuvalu, as Prince Charles likes to tell us and the Archbishop of Canterbury was again parroting last week, they are due to vanish

But if there is one scientist who knows more about sea levels than anyone else in the world it is the Swedish geologist and physicist Nils-Axel Mörner, formerly chairman of the INQUA International Commission on Sea Level Change. And the uncompromising verdict of Dr Mörner, who for 35 years has been using every known scientific method to study sea levels all over the globe, is that all this talk about the sea rising is nothing but a colossal scare story.

Despite fluctuations down as well as up, “the sea is not rising,” he says. “It hasn’t risen in 50 years.” If there is any rise this century it will “not be more than 10cm (four inches), with an uncertainty of plus or minus 10cm”. And quite apart from examining the hard evidence, he says, the elementary laws of physics (latent heat needed to melt ice) tell us that the apocalypse conjured up by
Al Gore and Co could not possibly come about.

The reason why Dr Mörner, formerly a Stockholm professor, is so certain that these claims about sea level rise are 100 per cent wrong is that they are all based on computer model predictions, whereas his findings are based on “going into the field to observe what is actually happening in the real world”.

When running the International Commission on Sea Level Change, he launched a special project on the Maldives, whose leaders have for 20 years been calling for vast sums of international aid to stave off disaster. Six times he and his expert team visited the islands, to confirm that the sea has not risen for half a century. Before announcing his findings, he offered to show the inhabitants a film explaining why they had nothing to worry about. The government refused to let it be shown.

Similarly in Tuvalu, where local leaders have been calling for the inhabitants to be evacuated for 20 years, the sea has if anything dropped in recent decades. The only evidence the scaremongers can cite is based on the fact that extracting groundwater for pineapple growing has allowed seawater to seep in to replace it. Meanwhile, Venice has been sinking rather than the Adriatic rising, says Dr Mörner.

One of his most shocking discoveries was why the IPCC has been able to show sea levels rising by 2.3mm a year. Until 2003, even its own satellite-based evidence showed no upward trend. But suddenly the graph tilted upwards because the IPCC’s favoured experts had drawn on the finding of a single tide-gauge in Hong Kong harbour showing a 2.3mm rise. The entire global sea-level projection was then adjusted upwards by a “corrective factor” of 2.3mm, because, as the IPCC scientists admitted, they “needed to show a trend”.

When I spoke to Dr Mörner last week, he expressed his continuing dismay at how the IPCC has fed the scare on this crucial issue. When asked to act as an “expert reviewer” on the IPCC’s last two reports, he was “astonished to find that not one of their 22 contributing authors on sea levels was a sea level specialist: not one”. Yet the results of all this “deliberate ignorance” and reliance on rigged computer models have become the most powerful single driver of the entire warmist hysteria.

•For more information, see Dr Mörner on YouTube (Google Mörner, Maldives and YouTube); or read on the net his 2007 EIR interview “Claim that sea level is rising is a total fraud”; or email him – morner@pog.nu – to buy a copy of his booklet ‘The Greatest Lie Ever Told’

Fined, frozen and now jailed

The Marine Fisheries Agency was certainly onto a winner when it enlisted the aid of the Assets Recovery Agency in its ruthless war against our fishermen. In December 2007 Charles McBride and his son Charles, from Kilkeel in Northern Ireland, were fined £385,000 for under-declaring catches of whitefish and prawns in the Irish Sea, threatening the loss of their homes and boat. But the Assets Recovery Agency, using powers designed to recover money from drug dealers, also froze all their assets. To pay the fines, the McBrides tried to borrow against their assets. Now, for this effort to pay the fines, Liverpool Crown Court has sentenced the two men to two and three months in gaol for “contempt of court”.

Blown away

The Climate Change Secretary, Ed Miliband, timed his jibe impeccably last week when he said that opposing wind farms is as “socially unacceptable” as “not wearing a seatbelt”. Britain’s largest windfarm companies are pulling out of wind as fast as they can. Despite 100 per cent subsidies, the credit crunch and technical problems spell an end to Gordon Brown’s £100 billion dream of meeting our EU target to derive 35 per cent of our electricity from “renewables” by 2020.

Meanwhile the Government gives the go-ahead for three new 1,000 megawatt gas-fired power stations in Wales. Each of them will generate more than the combined average output (700 megawatts) of all the 2,400 wind turbines so far built. The days of the “great wind fantasy” will soon be over.

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How big a deal is the loss of the dollar’s reserve status?

by Eric deCarbonnel

In the last week we have learned that:

1) Fed is planning 15-fold increase in us monetary base
2) U.N. panel says world should ditch dollar
3) Zimbabwe has ditched the US dollar in favor of the rand
4) China and Russia rethinking the dollar’s status as world’s reserve currency

With the US monetary base expanding at a breathtaking pace and nations around the world worrying about the value of their US holdings, the dollar looks virtually guaranteed to lose its status as the international reserve currency. This begs the question: how big a deal is the loss of the dollar’s reserve status?

To answer this question, lets first calculate just how large are the dollar holdings of foreign governments. From the CIA’s world Factbook, below is a ranking of countries by reserves of foreign exchange.

(amounts in billions)

Rank	Country	Foreign Exchange Reserves
1	China	$1,534
2	Japan	$954
3	Russia	$476
4	India	$275
5	Taiwan	$275
6	Korea, South	$262
7	Brazil	$180
8	Singapore	$163
9	Hong Kong	$153
10	Germany	$136
11	France	$116
12	Algeria	$111
13	Malaysia	$101
14	Italy	$94
15	Thailand	$87
16	Mexico	$87
17	Libya	$80
18	United Arab Emirates	$77
19	Turkey	$77
20	Switzerland	$75
21	United States	$71
22	Iran	$69
23	Poland	$66
24	Norway	$61
25	United Kingdom	$57
26	Indonesia	$57
27	Nigeria	$51
28	Argentina	$46
29	Canada	$41
30	Romania	$40
	Etc…
	Total =	$6,898

According to Wikipedia, at the end of 2007, 63.90% of the identified official foreign exchange reserves in the world were held in United States dollars. Therefore, total dollar reserves at the beginning of 2008 were about $4,408 billion (63.90% of $6,898 billion). However that is not the end of the story, as we still need to account for stabilization funds or Sovereign Wealth Funds. Wikipedia explains:

Excess reserves

Foreign exchange reserves are important indicators of ability to repay foreign debt and for currency defense, and are used to determine credit ratings of nations, however, other government funds that are counted as liquid assets that can be applied to liabilities in times of crisis include stabilization funds, otherwise known as sovereign wealth funds. If those were included, Norway and Persian Gulf States would rank higher on these lists, and UAE’s $1.3 trillion Abu Dhabi Investment Authority would be second after China. Singapore also has significant government funds including Temasek Holdings and GIC. India is also planning to create its own investment firm from its foreign exchange reserves.

For more, the Market Oracle explains sovereign wealth funds.

Sovereign Wealth Funds
June 30th, 2007

Central banks have traditionally kept their reserves in relatively low-yielding, highly liquid government securities, agency debt, money-market instruments and bank deposits. The most current official IMF figure for official worldwide foreign currency reserves is US$5.89 trillion [Worldwide foreign currency reserves increased by about 1 trillion over 2007]. At US$1.35 trillion, China holds the world’s largest pool of official reserves, followed by Japan with US$911 billion and Russia with US$403 billion.

In addition to these reserves, market estimates for the total value of Sovereign Wealth Funds (SWF) run as high as US$2.5 trillion. This compares to US1.6 trillion for hedge funds. These are state-owned and operated funds, comprising of financial assets such as stocks, bonds, or property not included in the IMF figures. The use of these funds enables large reserve holders to invest in higher yielding instruments.

With around 40 percent of stabilization funds invested in the US, the dollar holdings of sovereign wealth funds are around $1,000 billion (40% of $2,500 billion). After combining the numbers from foreign exchange reserves and stabilization funds, the dollar holdings of foreign governments are about $5,385 billion. Meanwhile, as you might have noticed from the CIA’s ranking above, the United States holdings of foreign currencies is around $71 billion.

Implications of the loss of the dollar’s reserve status

As the dollar loses its reserves status, at least half of the world’s $5,385 billion dollar reserves will be sold off and replaced with other currencies (yuan, euro, khaleeji, gold, rand, etc…). The US, with its $71 foreign reserves, will not be able to do anything to counteract this mass exodus from the dollar. With outflows of this magnitude, the dollar’s value will collapse to a fraction of where it is now.

The process of foreign nations extracting themselves from the dollar is not going to be pretty. The likely impacts are:

1) The dollar’s value will plunge as investors see the writing on the wall and jump ship.

2) US credit markets will collapse. As the dollar fall, a mass exodus from credit market will begin. Investors sitting on toxic securities will sell at firesale prices to escape the currency depreciation.

3) The fed’s balance sheet will explode beyond all reason. In response to the mass exodus from credit markets, the fed will buy trillions worth debt in a desperate attempt to hold interest rates down. Unfortunately, the more debt the fed buys, the more quickly the dollar will fall, and the more panicked the credit selloff will become.

4) US interest rates will soar, despite (or because of) the fed’s efforts.

5) Countries around the world will be hurt badly by the dollar’s decline. These countries include:

A) Nations which are heavily dependent on US exports: Japan, Mexico, etc…
B) Nations with large dollar reserves: Japan, China, Gulf oil states, etc…
C) Nations which receive large amount of US foreign aid: Israel, Egypt, etc…
D) Nations which rely on remittances from citizens working in the US: Mexico, India, etc…
E) Nations which use dollars as their official currency: Liberia, Panama, etc…
F) Nations which have large amounts of dollars in circulation: Central and South America (especially Argentina), Eastern Europe, etc…

6) Some nations will see benefits from the dollar’s decline. These countries include:

A) Nations with large gold reserves: EU zone, Switzerland, etc…
B) Nations which owe dollar denominated debt will see that debt wiped out: Iceland, African nations, etc…
C) Nations who stable currencies: EU zone, Switzerland, China, etc…

7) World politics will be greatly altered. There will be considerable anger at the US from nations hurt by dollar’s fall. The US will lose influence to Asia (mainly China).

8) US retailers will get crushed. As the dollar falls, the cost of imports for retailers will increase, but the American consumer will be unable to afford to these higher prices. Competition between desperate retailers will force them the sell inventory at below cost, creating massive losses. Retailers most heavily dependent on imports (ie: Wal-Mart) will be the first to go under. Eventually as more and more retailers go bankrupt, the few survivors will be able to raise prices enough to cover costs, and the sector will stabilize at a fraction of its current size.

9) American lifestyles will change radically. The end of cheap oil, low interest rates, and deficit spending will mean a lower quality of life and higher taxes.

10) The price of gold and other precious metals will explode.

11) US will experience hyperinflation.

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The Pope’s Bloody Secrets Revealed

The Pope’s Bloody Secrets Revealed

Alamo Ministry feels the claws of the Vatican Beast

By Greg Szymanski, JD
Mar. 21, 2009

The Pope’s bloody secrets are no secret to Tony Alamo.

He wrote an article years ago entitled “The Pope’s Secrets”, which is one of the reasons he sits behinds bars, awaiting a May trial on charges he transported minors across state lines for illicit purposes.

People close to Alamo, some who have been with his ministry for more than 40 years, claim the charges are trumped up in order to disband his Christian Ministry.

They also claim Alamo sits behind bars because he was never afraid to publicly criticize the Vatican, calling the Luciferian organization and its Popes the Anti-Christ as identified by the Book of Revelations.

Even former FBI John Peeler knows Alamo is being framed.

Peeler was the agent in the 1990s assigned to “bring down” Alamo on false charges of any kind, but later resigned, saying Alamo was “clean as a whistle.”

Peeler then went on radio talk shows trying to get the word out about how the government was behind the Oklahoma City bombing, Waco, 9/11 and. of course, trying to frame Alamo.

Regarding the recent stormtrooper-like raid on the Arkasas Alamo Ministry in September, Peeler said it was another “dog and pony media show” as well as an orchestrated effort to stop Alamo in his tracks from criticizing the Vatican.

Besides jailing Alamo, more then 30 children from the ministry have been ripped away from their parents by the State.

Several parents also sit in jail after protesting the kangaroo style court proceedings which left the children in foster care homes despite no hard evidence of child abuse.

At present, the remaining parents are unable to speak publically about child custody matters due to a gag order leading to jail time if they go public with their stories.

If it were 100 years ago or during the time of the Protestant Reformation, Alamo’s views would have been echoed by millions around the world since it was well understood back then how dangerous it was to unify with the Papacy

But today it is a totally different story as the Beast identified in Revelations has taken hold of the world and its political leaders under a deceptive guise of ecumenism, which will one day lead to a one world government and one world religion.

However, over the years Alamo remained steadfast with his criticism of the Vatican much like the old Protestant reformers.

Over the years, Alamo’s article “The Pope’s secrets” has been hand distributed in pamphelt form around the world to more than 200 million people.

This, of course, makes the Vatican Beast and Your Hellishness Pope Ratzinger very unhappy as criticism like this cannot be allowed to continue in these days of the Vatican-led New World Order.

A copy of Alamo’s rather lengthly article is listed on the post below with a link to the entire pamphlet, which explains one reason why he sits in jail. Here is an excerpt from the article:

The Vatican is posing as Snow White, but the Bible says that she is a prostitute, “the great whore,” a cult (Rev. 19:2).1 She uses government agency branches in every country, including the United States, as her vicious little dwarfs. The more power and control she gets in government, the more she will fade away into the background in her “Snow White” disguise so that government will be used and blamed for all her evil deeds.

REASON: To enforce laws that harass, malign, destroy, and censor everyone and every idea that is not Roman Catholic so she can sit as the satanic queen (the big whore).

Because of her age-old desire to control the world government and church, the serpent-like Vatican (Vatican Pictures) has infested the world and the U.S. government with so many of her zealous, highly-trained and dedicated Jesuit devotees, that she now controls the United Nations (which she created),2 the White House, Congress, every state, federal, civic, and social government agency, including the U.S. Department of Labor, the IRS, the FBI, the Supreme Court, judicial systems, the armed forces, state, federal, and other police, also the international banking and federal reserve systems (called the Illuminati and Agentur), labor unions,3 the Mafia, and most of the heavyweight news media.

This cult (the Vatican) is very close to replacing our U.S. Constitution with her one-world, satanic canon laws of death to the “heretic” (anyone that is not Roman Catholic). General Lafayette, President George Washington’s most respected aide and general, prophetically stated, “If the liberties of the American people are ever destroyed, they will fall by the hand of the Roman Catholic cult’s clergy.”4

Today we see the climax of detailed plans given in excerpts from a speech given nearly fifty years ago in Australia by Roman Catholic Archbishop Gilroy:

“The Roman Catholic motto is ourselves alone for fellow Roman Catholics. We must defeat all heretics [non-Roman Catholics] at the ballot box. The holy father states that negative tactics are fatal. The demands of the holy father [the pope] are that the public services should be 100% Roman Catholic soon. Care must be taken that no suspicion may be raised when Roman Catholics are secretly given more government jobs than Protestants, Jews, and other heretics.”

Multi-millions of people have been slaughtered by the Vatican, thus saith the Lord (Rev. 18:24). History bears record to this fact. During the Roman Catholic inquisition in Europe, 68 million people were tortured, maimed, and murdered by this huge sect.5 The St. Bartholomew’s Day Massacre accounted for the butchering of as many as 100,000 Protestants.6 President Abraham Lincoln blamed the papacy for the Civil War in these words:

“This war would never have been possible without the sinister and secretive influence of the Jesuits. We owe it to popery that we now see our land reddened with the blood of her noblest sons.” Lincoln added, “I am for liberty of conscience in its noblest, broadest, and highest sense. But I cannot give liberty of conscience to the pope and to his followers, the papists, so long as they tell me, through all their councils, theologians, and canon laws that their conscience orders them to burn my wife, strangle my children, and cut my throat when they find their opportunity.”7

Because of Abraham Lincoln’s many exposés of the Vatican, he was put to death just as he foretold. Yes, assassinated by the Jesuits under Rome’s instructions.8 The Vatican hasn’t changed since Mr. Lincoln’s time.

THE MARK OF THE BEAST

Satan wants you to spend eternity in Hell with him.29 And to cause you to do this, look what he, through his state and federal government agencies, has cooked up for you now: government enforcement of a law making it necessary for you to take a mark on your hand or your forehead in order to be allowed to buy or sell (this could be done invisibly by using laser beams). God calls this mark “the mark of the beast” (Rev. 19:20). The Vatican will use some pretty name for it “the mark of peace, love, unity, fellowship, etc.” And God says if we take this mark we will go to Hell (Rev. 14: 9-11).

The pope, the super-boss, and his federal and state government agencies will say that if we don’t take this mark we will be boycotted (can’t buy or sell). I’ll trust God to feed me, just as He fed the Hebrew children for forty years in the Sinai Desert. And God will do wonders again for His faithful followers who resist the pope, his government agencies, and the mark.

President Reagan has been bewitched too by the Vatican’s craft just as other world leaders have. This is obvious by his sudden move of sending our U.S. ambassador into the big Roman whorehouse (this cult’s home office and general headquarters).

Mr. President, you’re hanging around far too much with those Jesuit-trained, one-world church ministers, and they’re giving you some really bad advice. Is it the Vatican money and the big Vatican back-up that’s causing you to become part of this cult? Would you sell your eternal soul by joining yourself and our nation to the Antichrist for money and temporal power?

The Lord asks, “What shall it profit a man, if he shall gain the whole world, and lose his own [eternal] soul?” (Mark 8:36). By having done this, you’re now in big trouble with the living God, lest you straighten up and fly right and publicly recant your decision so that the Lord and the public know where you stand exactly.

Respectfully, Mr. President, in the name of Jesus, I say these things to you. We’re at the end of time, and the day of the politician is over. We all have to let people know what’s in us. The Bible says that he who receiveth not reproof from God’s Word is brutish (Prov. 12:1). Mr. President and all of you presidents and kings of the world, there is a judgment for all of us, and I believe it’s coming real soon.

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Jesuit Motivated Internet Propaganda Deceives and Keeps Truth from Millions

Jesuit Motivated Internet Propaganda Deceives and Keeps Truth from Millions. Radio host Tom Freiss Questions Radio Host Alex Jones’ reasons for covering up Vatican and Jesuit Intrigue

By Greg Szymanski, JD
Mar.18, 2009

Who Is Alex Jones?

(Will the Real Alex Jones please stand up)

Please Listen to William Cooper on Alex Jones
Certain writers have a way of cutting through the nonsense and telling it like it is.

Too many people have been deceived by the Vatican propaganda specialists of the alternative media to let this opinion piece go without reprinting it here.

Tom Freiss, Bible believer and radio host, is one of those who cuts through the nonsense and tells us why he thinks GCN radio host, Alex Jones, is one of those propaganda specialists, hiding the truth about the Jesuits and the Vatican-led New world Order hidden agenda..

The purpose of reprinting this article is not to disparage or wish ill-will to Jones, but only point out a special kind of blindness he possesses when confronted with the bloody history of the Vatican and Jesuit Order.

Further, hope still remains that Jones will find the true path to our Lord and Savior, Jesus Christ, and will begin telling the whole truth not just a white washed version sanctioned by the Jesuits.

Here is Freiss’ opinion piece on Jones:

Alex Jones is an ecumenical Vatican shill. Never does he call the Nazi salute what it really is, a ROMAN salute, a salute to the Pope of Rome.

Never does he tell you that Hitler was a devout Roman Catholic [video 1 - video 2] and his god/king boss was Pope Pius XII; or that Hitler’s atrocities were conceived in the Vatican!

Never will he tell you that Stalin was Jesuit trained and his god/king too was the Pope of Rome.

Never will he tell you that the Vatican controlled the Fascist/Communist dialectic that was the locomotive that drove the second world war. Nor will he tell you that the purpose of that Vatican inspired dialectic and resulting war was to purge Europe of Protestants, Baptists, Adventists, Jews, Orthodox Christians, and other non-Catholic sects that absolutely rejected the Pope’s self proclaimed power to rule the world by Divine right. Alex Jones will never tell you that the Vatican has fomented all the world’s wars, including the one we are in now. Never will Alex Jones tell you that Ronald Reagan re-established formal diplomatic relations with the Vatican in 1984, relations that were severed with extreme prejudice when in 1867 it was discovered that the Vatican was directly responsible for the assassination of President Abraham Lincoln. Never will Alex Jones tell you that Reagan, Bush 1, Clinton, Bush 2, and Barack Obama were/are closet papists with Jesuit trained cabinets doing the bidding of their little god/king in Rome by systematically destroying our Protestant Constitution and Bill of Rights and replacing them with Roman Catholic Canon Law (the canonical Patriot Act and canonical presidential directives).

Never will Alex Jones tell you that Arnold Schwarzenegger is Roman Catholic and so is his wife and the entire Kennedy family who are bent on getting Arnold elected President so he can repeat Hitler’s Inquisition and finish off this Protestant Constitutional Republic for the Pope, and also to take all the onus away from his puny little Papal King in Rome for whom he works night and day. Never will Alex Jones tell you that the Pope is the Biblical Antichrist and that Canon Law damns virtually every single uniquely Protestant liberty embodied in our Protestant Constitution and Bill of Rights, rights that Pope Pius IX specifically and collectively damned as heretical in his Encyclical and Syllabus of Error of 1864. NEVER will Alex Jones tell you that it was the Popes of Rome who first called for a New World Order, a Fourth Roman Reich, a GLOBAL Roman Catholic Empire, a GLOBAL union of church (Ecumenism) and state, where the Pope makes the laws and the governments of the world impose them with brutal cruelty commensurate with the tenets of the Bloody Council of Trent and the unHoly Roman Inquisition.

NEVER will Alex Jones tell you that America, through Roman Catholic control of both political parties and all 3 branches of OUR Government, has become the battleaxe of the Vatican to impose this Global unHoly Roman Empire of the Pope of Rome, the Biblical Antichrist, upon the whole world. He’ll continue to talk endlessly and mindlessly about all the outer layers of the onion without ever touching the core, the Vatican. And NEVER will Alex Jones tell you that the only hope for God’s people is the salvation of Yahushua Ha Messiah who is coming to destroy Rome and all who are found in communion with her.

Why? Because Alex Jones is a shill for his blaspheming little god/king in Rome and he does his bidding night and day.

Alex Jones has us all listening to him, Captain Kangaroo, and smoking cigarettes and playing solitair with a deck of 51.

And the card that Alex Jones has purposely removed from the deck is the Ace of Spades; and the Ace of Spades is the POPE! NEVER NEVER NEVER will Alex Jones tell his audience that the only way to defeat this New World Order of Antichrist without a fight is for all the World’s Catholics and all the world’s Apostate Ecumenical Protestants and all the other apostate ecumenical religions of the world to simply abandon the Pope, the Roman Catholic Cult, the Whore of Revelation 17 and all her ecumenical Harlot Daughters and starve them all to death before they do it to us. But he won’t, because he is a shill for his puny little god/king in Rome. And we won’t take it upon ourselves to starve the Witch at Endor because we don’t read and understand God’s Holy Book. Worst of all, we think the Biblical Antichrist, the Pope of Rome, is a man of God. Blasphemy of Blasphemies! And because of our ignorance and apathy and faithlessness and idolatry and disobedience to God’s Holy Law, which we say is dead, crucified with Christ, and we’re all under God’s Grace to sin like the common heathen and thereby make Christ the minister of unrighteousness, now we will suffer our own Inquisition; our OWN Babylonian captivity: the Pope’s New World Order, not under God’s Law, but under Roman Catholic Canon Law, where there is no Grace at all. The only ones who will be saved are those who comply with Revelation 18:4: “Come out of her, My people, that ye partake not of her (Rome’s) sins, and that ye receive not of her (Rome’s) plagues, for her (Rome’s) sins have reached unto heaven and God hath remembered her (Rome’s) iniquities”. I just told you explicitly what Alex Jones will NEVER tell you, because he is a shill for his little god/king in Rome, the little blasphemer in the little red shoes and the funky fish head hat; the diabolical little man in Rome who hails himself, “the Replacement of the Son of God on earth” (Vicar of Christ) and, blasphemy of blasphemies, “Holy Father”!!! God said, “Thou shalt not suffer a Witch to live”. That means we are to STARVE the Witch!

Come OUT of this global Roman Catholic system before its too late. And leave Alex Jones alone to shill for his lonely little god/king in solitude. Do it NOW!

Revelation 18:4 (King James Version)

⁴And I heard another voice from heaven, saying, Come out of her, my people, that ye be not partakers of her sins, and that ye receive not of her plagues.

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More on Alex Jones

And More

Radium Weed Kills Skin Cancers

From Brian McDermott
Australia

On the goggle box last night, the “doctors” and “experts” have suddenly “discovered” that the juice from Radium Weed (common name) causes sun spots, Basal Cell Carcinoma (BCC) and Squamous Cell Carcinoma (SCC) to disappear, and drop off!

Our grandmothers taught us this over half-a-century ago, and it was well-known in the bush, where we grew up!

Suddenly, the “experts” are feverishly working with it “discovering” it! No doubt trying to find a way to patent it!

Reminds me of Dr. Bill Cham’s Curaderm, which is an extract from Devil’s apple, also known for over half-a-century by people in the bush, also effective for skin cancers.

Then, they will ­ some years from now, perhaps never ­ “discover” that Cansema causes melanoma to drop off!

(The “authorities” have prohibited the advertising of Cansema for cancer, threatening 5 years jail, and fines of tens of thousands of dollars!)

Next, they will be discovering the “amazing” benefits of eucalyptus oil, putting a few drops in hot water and breathing the fumes in, putting a few drops on half a teaspoon of sugar and taking a small bit of it at a time, and breathing in the fumes, and having an almost immediate affect on colds and ‘flu, all the while trying to find a way to “lock it up” and patent that also. They can’t, so they keep it quiet, selling their expensive, useless, patented concoctions.

Then of course, they will never find a way to patent the best and most efficient, – and cheapest – disinfectant, hydrogen peroxide, SO THEY KEEP IT QUIET!

They do not use it as a disinfectant at all in hospitals, to sterilise anything, preferring to use expensive, patented “disinfectants” put out of course by the international pharmaceutical corporations ­ and next to useless! This is why there is so much disease in hospitals. Nothing is sterile!

So in recent years particularly, if you want to contract a disease, go to hospital! Infection is almost guaranteed!

There is not a microbe on the planet – bacterium, virus, or pathogen – which will survive a strong (10-20%, higher if necessary ) mixture of hydrogen peroxide. NONE! This includes AIDS, etc.

It is the cheapest, and most effective disinfectant on the planet, bar none.

Moreover, it is also the safest. After quite a short period of time in the atmosphere, it literally breaks down and disappears, with absolutely no residue.

After all, hydrogen peroxide is simply water, with an extra molecule of oxygen attached to it! So simple! So effective!

We use it in Central Queensland Free State all the time!

The establishment won’t use it, because it is so cheap, so effective, and cannot be patented!

Article Source

http://www.ann.com.au/herbs/Monographs/euphp.htm

See also http://www.nogw.com/health.html

Radium Weed – Euphorbia peplus

How to Brainwash the Masses

There is an idea these days which is widespread and pervades most peoples minds like a virus, it spreads throughout their psyche and sucks out their reason, all the while they are completely oblivious. This idea is that of a perfect guru, a truth seeker who is free of all faults and must be nothing more than the second coming of Jesus in order to be heard.

This idea is given to us through popular culture, it suits the powers that be that people hold this idea, people take this idea as one which is self evident and whenever they hear of a truth seekers faults they jump on them as though their having faults in any way discredits the truth they speak.

This idea has its roots mainly in religion. Jesus is said to be “perfect,” free of all faults, he always made the right decisions and never made mistakes. While the historical accuracy of that statement might be argued, what cannot be argued is the incredible pressure that puts on anyone trying to live a moral and decent lifestyle. The incredible pressure it puts on truth seekers and truth speakers trying to help people just as the character Jesus did, through spreading the truth which will set them free.

To know truth you do not have to be perfect, the reality is no one is perfect. I don’t know everyone in the world, but forgive me if I don’t believe you can find a single person who is perfect, a person who never made a mistake in his life, a person who always made the right decisions. Why then should this ideal be used as a battering ram to assault any truth seeker who dares to have faults?

Many people say our faults are what make us special, our imperfections. When two people are in love all the imperfections of their partner seem to disappear, the person becomes perfect as they are. Is it not normal and human to treat the truth seekers and the martyrs who sacrifice themselves for us in the same manner?

This perception is not the same everywhere in the world, I have heard of places in India where the idea of a perfect guru is viewed as absurd, places where people do respect a person for who they are and accept all their faults as what makes them human. There is no reason anyone who claims to care about truth should hold to this idea of “the perfect guru.” It is a destructive idea which serves only to disempower those who genuinely want to help others and serves to empower those who want to control others through the exploitation of this very belief.

Every dictator in history is always portrayed as perfect, a holy being without faults, a man who knows exactly what he wants, where he is going, and what we all must do to get there. No one who is honest truly knows these things. Anyone who is honest will tell you they don’t know everything, but what they do know is right from wrong, truth from lie, when you have that gift of discernment those other things do not matter: you know the truth, and the truth will make you free.

This is the reality which people endlessly cease to avoid, the reality that truth and truth alone will free you, for truth begets an entire way of being which is entirely misaligned with the tyranny of lies, self-deceit, and denial. The truth literally sets you free, and believing lies and deceit enslaves you.

They say in psychoanalysis that awareness of a neurosis can cure you of it. I have found this to be true in my own life as when I finally achieve a full understanding of a problem the problem ceases to exist, it can’t exist any more because you understand it in such depth that it no longer has control of your mind. Whereas before I fully understood the problem, before I understood the full truth, I was stuck in an endless maze of programmed and heavily conditioned self-sabotage, conditioning which is impossible to break when you are not honest with yourself.

This is why if people wish to be free they must break out of this world of “condition-response”. We are all brainwashed to believe that human beings are mere robots, nothing more than “the product of our environment,” who are “born as blank slates.”

This idea is a complete and total lie. Human beings are born with an ingrained nature, just as deer or cats or dogs have their own unique ingrained nature, human beings do as well. By denying the “imperfections” of human beings and falling prey to believing in “perfect” leaders, we allow ourselves to be enslaved by those who care about us least, and we starve and destroy those who wish to help us most.

Only the truth will set us free. - IL

Article Source

Actual Brainwashing Techniques

Articles on Hollywood Artist Brainwash (Anna Nicole, Britney, and Mind Control)

Documentary on Brainwashing and Mind Control “Monarch: The New Phoenix Program”

The Whole Truth About Milk

Ron Paul: Cloak of the Illuminati

Ron Paul, Bob Barr, Chuck Baldwin Considering Legal Action Over MIAC Document

Kurt Nimmo
Prison Planet.com
Thursday, March 19, 2009

Appearing on the Alex Jones Show today, founder-pastor of Crossroad Baptist Church and presidential nominee of the Constitution Party for the 2008 U.S. Presidential election, Chuck Baldwin, talked about the Missouri Information Analysis Center (MIAC) report designating Baldwin, Ron Paul, Bob Barr supporters and Libertarians as terrorists.

Infowars broke the story on March 11 after Alex Jones received the MIAC document from an anonymous source in the Missouri police.

“The MIAC report specifically describes supporters of presidential candidates Ron Paul, Chuck Baldwin, and Bob Barr as ‘militia’ influenced terrorists and instructs the Missouri police to be on the lookout for supporters displaying bumper stickers and other paraphernalia associated with the Constitutional, Campaign for Liberty, and Libertarian parties,” Kurt Nimmo wrote for Infowars.

On March 13, Paul Joseph Watson, Kurt Nimmo and Alex Jones expanded coverage of the MIAC report.

Mr. Baldwin asserted his strong opposition to the document and Missouri police efforts to characterize mainstream political parties and their supporters as domestic terrorists. The MIAC report specifically links these supporters to “militia” influenced terrorists. “Police are educated in the document that people are are anti-abortion, own gold, display an assortment of U.S. flags, or even those that talk about the film Zeitgeist, view the police as their ‘enemy’ and conflates them with domestic terrorists like Oklahoma City bomber Timothy McVeigh, Olympic bomber Eric Rudolph and other domestic militia groups who have been charged with plotting terrorist attacks,” Infowars and Prison Planet reported.

In addition, Baldwin said he collaborated with Ron Paul and Bob Barr on a letter that will be sent to Missouri officials protesting the MIAC report. Mr. Baldwin indicated that if the letter does not result in a repudiation of the MIAC report and its absurd allegations, he and fellow letter signatories will consider legal action.

Chuck Baldwin will send a copy of the letter to Alex Jones. Infowars will post the letter.

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BUNCH OF TURKEYS! – Bailout 101

by Puru Saxena
Editor, Money Matters

Vicious selling continues on Wall Street and the pathetic action of the financials is dragging down the entire market. So far, the banking index has declined by roughly 83% from its highs! As I have said for years, banking is the only industry which is always in a state of permanent bankruptcy and people have finally realised that the emperor has no clothes! We can thank the fractional reserve banking system for this mess; a totally fraudulent system which allows banks to create multiples of credit compared to bank deposits. This is the reason why I urged you repeatedly to stay well clear of financial shares and I hope that you followed my advice.

Today, investors in financials have lost nearly everything and before this is over, I suspect the majority of banks in the West will be nationalised. This would mean a total catastrophe for those who invested in bank stocks or corporate bonds. So, no matter how strongly your private banker pushes you to load up on “cheap” financial stocks, please DO NOT go “bottom fishing” in this bankrupt industry. Banking is no longer a growth industry and financials will disappoint investors for many years. Furthermore, if you have any exposure to hedge funds, structured products, accumulators or derivatives of any kind, I sincerely urge you to get rid of all this highly toxic garbage. Such ponzi schemes were very good for the private bankers (due to the huge amounts of commissions involved) but they are a disaster waiting to happen. Today, our planet has roughly US$600 trillion worth of derivatives and this is roughly 10 times the size of the global economy! So, please get rid of your derivatives based “investments” immediately.

Even though the financials are getting killed, our fundamentally sound stocks in solid sectors continue to report good operating results and their stock prices are much higher than the lows recorded last fall. So, this is a positive divergence and shows that the market’s internal breadth is improving with fewer stocks breaking down to new lows. Another positive sign is that the Asian markets are faring much better and are nowhere near the lows recorded last fall.

During such turbulent times, it is worth remembering that your stocks represent partial ownership in underlying businesses with real assets (plants, reserves, land, machinery, technology, cash and human resources). And even though the stock market’s current appraisal is not favourable, it has no connection with the intrinsic value of your holdings.

Various central banks continue to steer this economy like drunken sailors and they are injecting TRILLIONS of dollars into the system. I would argue that many nations in the West are already bankrupt (US, Britain, Germany, Spain, Iceland and Ireland come to mind) and the ONLY thing they can do now is to print even more money. For example, America’s total debt is worth US$54 trillion and there is no way the US can ever hope of repaying its debt in today’s money. In other words, either the US will default (highly unlikely in my view) or it will print and inflate so that this huge mountain of debt feels much smaller in the future due to the loss of its purchasing power. Remember, the best way to make debt more manageable is by inflating the supply of money in the system. And this is precisely what the various central banks are doing.

It is worth noting that nations like Germany and the US have already started using the printing press and more nations will soon follow. When the entire planet is covered with oceans of paper “money”, its purchasing power will sink and hard assets will sky-rocket. At least this is what has happened throughout history. So, please don’t be fooled by this temporary contraction in hard assets and hold on to your positions. If anything, take advantage of the ongoing fire-sale and if your financial situation permits, convert more cash to quality assets in the resources sector.

A bunch of turkeys have hijacked our monetary system and all they know is how to print money. Rather than let the market clear itself out, central banks continue to use tax payers’ money to bail out insolvent institutions. This brilliant strategy has NEVER worked in the past and it will not work this time around. Instead of robbing innocent people of their savings, the establishment must allow the weak banks to go bust. For example, if Citibank is on the verge of collapse, then the US Treasury must let it go bust! All Mr. Geithner needs to do is to protect the customers of Citibank, allow Citibank’s investors (shareholders and bondholders) to suffer and sell the bank’s book to another institution. This is all that needs to happen. This way, depositors will not lose anything and only investors in Citibank will suffer – and they should! Why should the public share the losses with these investors? When Citibank did well in the past, did its shareholders and bondholders distribute the profits to the public? Of course not! So, why should the reverse occur now?!

Personally, I find these bail-outs absurd, unethical and a total waste of valuable resources! Who gave these politicians the authority to act like investment bankers? Mr. Geithner is not a qualified ‘merger & acquisition’ expert, so how does he have the audacity to use other people’s money to take over insolvent banks? Likewise, Mr. Bernanke is now using American taxpayers’ money and buying distressed debt! I find this outrageous! Is he going to act like a debt collector when people default on their loans?

Mark my words – the establishment is only making matters worse and prolonging the pain. Moreover, by printing insane amounts of paper, the politicians are setting everyone up for an inflationary nightmare! One thing is for sure – before this drama ends, the viability of the US Dollar as the world’s reserve currency will come under question. When the US Dollar starts to implode, hard assets will go through the roof. Remember, commodity prices went ballistic in the late 1930’s as well as during the 1970’s. We should expect similar action in the years ahead.

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Robert Welch Founder of The John Birch Society 1974

This speech sounds so familiar. All this has been partly accomplished. The idea of the founding father of the JBS was good, saddly this organization has turned the back on America and is an opposition based group used measure and control opposition. By this they can limit and control the amount and quality of opposition information. Another PSYOP

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The United States Of Ponzi – Behold the “Mad-off” in the mirror.

A reporter contacted me recently with the following question:

“I am a reporter, and I am doing a story on Bernard Madoff’s life after pleading guilty. As part of this, I was wondering if you could comment on what significance he will have in the history of this period. Will he represent more than a scamster who stole a lot of money from a lot of people? As Bernie Ebbers and Ken Lay came to embody corporate greed and deceit, what will Madoff symbolize?”

Here is my answer fleshed out in full:

Americans lived in a “Made-off” and Ponzi bubble economy for a decade or even longer. Madoff is the mirror of the American economy and of its over-leveraged agents: a house of cards of leverage over leverage by households, financial firms and corporations that has now collapsed in a heap.

When you put zero down on your home, and you thus have no equity in your home, your leverage is literally infinite and you are playing a Ponzi game.

And the bank that lent you, with zero down, a NINJA (no income, no jobs and assets) liar loan that was interest-only for a while, with negative amortization and an initial teaser rate, was also playing a Ponzi game.

And private equity firms that did over a $1 trillion of leveraged buyouts (LBOs) in the last few years with a debt-to-earnings ratio of 10 or above were also Ponzi firms playing a Ponzi game.

A government that will issue trillions of dollars of new debt to pay for this severe recession and socialize private losses may risk becoming a Ponzi government if–in the medium term–it does not return to fiscal discipline and debt sustainability

A country that has–for over 25 years–spent more than income and thus run an endless string of current account deficit–and has thus become the largest net foreign debtor in the world (with net foreign liabilities that are likely to be over $3 trillion by the end of this year)–is also a Ponzi country that may eventually default on its foreign debt if it does not, over time, tighten its belt and start running smaller current account deficits and actual trade surpluses.

Whenever you persistently consume more than your income year after year (a household with negative savings, a government with budget deficit, a firm or financial institution with persistent losses, a country with a current account deficit) you are playing a Ponzi game. In the jargon of formal economics, you are not satisfying your long-run inter-temporal budget constraint as you borrow to finance the interest rate on your previous debt, and are thus following an unsustainable debt dynamics that eventually leads to outright insolvency.

According to Hyman Minsky and economic theory, Ponzi agents (households, firms, banks) are those who need to borrow more to repay both principal and interest on their previous debt; i.e., Minsky’s “Ponzi borrowers” cannot service either interest or principal payments on their debts. They are called “Ponzi borrowers” as they need persistently increasing prices of the assets they invested in to keep on refinancing their debt obligations.

By this standard, U.S. households whose debt relative to income went from 65% 15 years ago, to 100% in 2000, to 135% today were playing a Ponzi game.

And an economy where the total debt to GDP ratio (of households, financial firms and corporations) is now 350% is a Made-Off Ponzi economy. And now that home values have fallen 20% (and they will fall another 20% before they bottom out) and equity prices have fallen over 50% (and may fall further), using homes as an ATM to finance Ponzi consumption is not feasible any more. The party is over for households, banks and non-bank highly leveraged corporations.

The bursting of the housing bubble, the equity bubble, the hedge funds bubble and the private equity bubble showed that most of the “wealth” that supported the massive leverage and overspending of agents in the economy was a fake bubble-driven wealth. Now that these bubble have burst, it is clear that the emperor had no clothes, and that we are the naked emperor. A rising bubble tide was hiding the fact that most Americans and their banks were swimming naked; and the bursting of the bubble is the low tide that shows who was naked.

Madoff may now spend the rest of his life in prison. U.S. households, financial and non-financial firms, and government may spend the next generation in debtor’s prison having to tighten their belts to pay for the losses inflicted by a decade or more of reckless leverage, over-consumption and risk-taking.

Americans, let us look at ourselves in the mirror: Madoff is us and Mr. Ponzi is us!

Nouriel Roubini, a professor at the Stern Business School at New York University and chairman of Roubini Global Economics, is a weekly columnist for Forbes.com.

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Larry McDonald on the NWO – 1983

May 1983PT1

May 1983PT2

Information about the video:

Carroll Quigley

Tragedy and Hope: A History of the World in Our Time.

More info on Colonel Edward Mandell House (PDF) : COLONEL EDWARD MANDELL HOUSE – “Profile Of Undercover Jesuit”

Larry Mcdonald

9/11: Total Proof That Bombs Were Planted In The Buildings!

Missouri State Police Think You And I Are Terrorists

Chuck Baldwin
Wednesday, March 18, 2009

Thanks to a concerned Missouri state policeman, a nationally syndicated radio talk show host stated that he was alerted last week to a secret Missouri state police report that categorized supporters of Congressman Ron Paul, Bob Barr, and myself as “‘militia’ influenced terrorists.” The report, he said, “instructs the Missouri police to be on the lookout for supporters displaying bumper stickers and other paraphernalia associated with the Constitutional, Campaign for Liberty, and Libertarian parties.”

Ignoring the threat of Muslim terrorists, the Missouri Information Analysis Center (MIAC) report focuses on the so-called “militia movement” and “conflates it with supporters of Ron Paul, Chuck Baldwin, Bob Barr, the so-called patriot movement and other political activist organizations opposed to the North American Union and the New World Order.”

This report is not original, of course. During the Clinton administration, a Phoenix Federal Bureau of Investigation and Joint Terrorism Task Force explicitly designated “defenders” of the Constitution as “right-wing extremists.” However, the MIAC report significantly expands on earlier documents and is the first known document to actually name names.

According to the MIAC, opposition to world government, NAFTA, federalization of the states, and restrictive gun laws are a potential threat to the police. The MIAC report also refers to Aaron Russo’s film, “America: Freedom to Fascism.”

The Covenant of Evil

The text below is of unknown origin (and lacks a title), but interesting nonetheless.

“A covenant, in its most general sense, is a solemn promise to engage in (or refrain from) a specified action. More specifically, a covenant, in contrast to a contract, is a one-way agreement whereby the covenanter is the only party bound by the promise.”

An illusion it will be, so large, so vast it will escape their perception. Those who will see it will be thought of as insane.

We will create separate fronts to prevent them from seeing the connection between us. We will behave as if we are not connected to keep the illusion alive. Our goal will be accomplished one drop at a time so as to never bring suspicion upon ourselves. This will also prevent them from seeing the changes as they occur.

We will always stand above the relative field of their experience for we know the secrets of the absolute.

We will work together always and will remain bound by blood and secrecy. Death will come to he who speaks.

We will keep their lifespan short and their minds weak while pretending to do the opposite. We will use our knowledge of science and technology in subtle ways so they will never see what is happening.

We will use soft metals, aging accelerators and sedatives in food and water, also in the air. They will be blanketed by poisons everywhere they turn. The soft metals will cause them to lose their minds. We will promise to find a cure from our many fronts, yet we will feed them more poison. The poisons will be absorbed trough their skin and mouths, they will destroy their minds and reproductive systems.

From all this, their children will be born dead, and we will conceal this information. The poisons will be hidden in everything that surrounds them, in what they drink, eat, breathe and wear.

We must be ingenious in dispensing the poisons for they can see far. We will teach them that the poisons are good, with fun images and musical tones. Those they look up to will help. We will enlist them to push our poisons. They will see our products being used in film and will grow accustomed to them and will never know their true effect.

When they give birth we will inject poisons into the blood of their children and convince them its for their help. We will start early on, when their minds are young, we will target their children with what children love most, sweet things.

When their teeth decay we will fill them with metals that will kill their mind and steal their future. When their ability to learn has been affected, we will create medicine that will make them sicker and cause other diseases for which we will create yet more medicine. We will render them docile and weak before us by our power. They will grow depressed, slow and obese, and when they come to us for help, we will give them more poison.

We will focus their attention toward money and material goods so they many never connect with their inner self. We will distract them with fornication, external pleasures and games so they may never be one with the oneness of it all. Their minds will belong to us and they will do as we say. If they refuse we shall find ways to implement mind-altering technology into their lives. We will use fear as our weapon.

We will establish their governments and establish opposites within. We will own both sides. We will always hide our objective but carry out our plan. They will perform the labor for us and we shall prosper from their toil. Our families will never mix with theirs. Our blood must be pure always, for it is the way. We will make them kill each other when it suits us.

We will keep them separated from the oneness by dogma and religion. We will control all aspects of their lives and tell them what to think and how. We will guide them kindly and gently letting them think they are guiding themselves. We will foment animosity between them through our factions. When a light shall shine among them, we shall extinguish it by ridicule, or death, whichever suits us best.

We will make them rip each other’s hearts apart and kill their own children. We will accomplish this by using hate as our ally, anger as our friend. The hate will blind them totally, and never shall they see that from their conflicts we emerge as their rulers. They will be busy killing each other. They will bathe in their own blood and kill their neighbors for as long as we see fit.

We will benefit greatly from this, for they will not see us, for they cannot see us. We will continue to prosper from their wars and their deaths. We shall repeat this over and over until our ultimate goal is accomplished. We will continue to make them live in fear and anger though images and sounds. We will use all the tools we have to accomplish this. The tools will be provided by their labor.

We will make them hate themselves and their neighbors. We will always hide the divine truth from them, that we are all one. This they must never know! They must never know that color is an illusion, they must always think they are not equal. Drop by drop, drop by drop we will advance our goal.

We will take over their land, resources and wealth to exercise total control over them. We will deceive them into accepting laws that will steal the little freedom they will have.

We will establish a money system that will imprison them forever, keeping them and their children in debt. When they shall ban together, we shall accuse them of crimes and present a different story to the world for we shall own all the media.

We will use our media to control the flow of information and their sentiment in our favor. When they shall rise up against us we will crush them like insects, for they are less than that. They will be helpless to do anything for they will have no weapons.

We will recruit some of their own to carry out our plans, we will promise them eternal life, but eternal life they will never have for they are not of us. The recruits will be called “initiates” and will be indoctrinated to believe false rites of passage to higher realms.

Members of these groups will think they are one with us never knowing the truth. They must never learn this truth for they will turn against us. For their work they will be rewarded with earthly things and great titles, but never will they become immortal and join us, never will they receive the light and travel the stars.

They will never reach the higher realms, for the killing of their own kind will prevent passage to the realm of enlightenment. This they will never know. The truth will be hidden in their face, so close they will not be able to focus on it until its too late.

Oh yes, so grand the illusion of freedom will be, that they will never know they are our slaves. When all is in place, the reality we will have created for them will own them. This reality will be their prison. They will live in self-delusion. When our goal is accomplished a new era of domination will begin.

Their minds will be bound by their beliefs, the beliefs we have established from time immemorial. But if they ever find out they are our equal, we shall perish then. THIS THEY MUST NEVER KNOW.

If they ever find out that together they can vanquish us, they will take action. They must never, ever find out what we have done, for if they do, we shall have no place to run, for it will be easy to see who we are once the veil has fallen. Our actions will have revealed who we are and they will hunt us down and no person shall give us shelter.

This is the secret covenant by which we shall live the rest of our present and future lives, for this reality will transcend many generations and life spans.

This covenant is sealed by blood, our blood. We, the ones who from heaven to earth came. This covenant must NEVER, EVER be known to exist. It must NEVER, EVER be written or spoken of for if it is, the consciousness it will spawn will release the fury of the PRIME CREATOR upon us and we shall be cast to the depths from whence we came and remain there until the end time of infinity itself.

Source

Jon Stewart Expose Jim Cramer and Market Control

Excellent!!!!

View Episode

Secret State Police Report: Ron Paul, Bob Barr, Chuck Baldwin, Libertarians are Terrorists

Alex Jones has received a secret report distributed by the Missouri Information Analysis Center (MIAC) entitled “The Modern Militia Movement” and dated February 20, 2009. A footer on the document indicates it is “unclassified” but “law enforcement sensitive,” in other words not for public consumption. A copy of the report was sent to Jones by an anonymous Missouri police officer.

The MIAC report specifically describes supporters of presidential candidates Ron Paul, Chuck Baldwin, and Bob Barr as “militia” influenced terrorists and instructs the Missouri police to be on the lookout for supporters displaying bumper stickers and other paraphernalia associated with the Constitutional, Campaign for Liberty, and Libertarian parties.

“Missouri Information Analysis Center (MIAC) provides a public safety partnership consisting of local, state and federal agencies, as well as the public sector and private entities that will collect, evaluate, analyze, and disseminate information and intelligence to the agencies tasked with Homeland Security responsibilities in a timely, effective, and secure manner,” explains the MIAC website. “MIAC is the mechanism to collect incident reports of suspicious activities to be evaluated and analyzed in an effort to identify potential trends or patterns of terrorist or criminal operations within the state of Missouri. MIAC will also function as a vehicle for two-way communication between federal, state and local law enforcement community within our region.”

Emergency Broadcast! New World Order Ahead!

Another example of how cartoons are manufactured to brainwash kids and arouse sexual emotions at young age

“…our impulses are being redirected. We are living in an artificially induced state of consciousness that resembles sleep…..the movement was begun eight months ago by a small group of scientists who discovered, quite by accident, these signals being sent through tele……the poor and the underclass are growing. Racial justice and human rights are nonexistent. They have created a repressive society and we are their unwitting accomplices……their intention to rule rests with the anihilation of consciousness. We have been lulled into a trance. They have made us indifferent, to ourselves, to others, we are focused only on our own gain. We ha……please understand, they are safe as long as they are not discovered. That is their primary method of survival. Keep us asleep, keep us selfish, keep us sedated……they are dismantling the sleeping middle class. More and more people are becoming poor. We are their cattle. We are being bred for slavery. The revolu……we cannot break their signal, our transmitter is not powerful enough. The signal must be shut off at the source. We have…”

- Broken transmission of the rebel group in the John Carpenter movie, ‘They Live‘

Max Keiser about the Dollar and Roach Motels: Americans should take their country back

Fractional Banking and the Federal Reserve for dummies

Subliminal sex messages and porn in advertising and cartoons

Back up Link on dailymotion in case Youtube takes it down again…

http://www.dailymotion.com/relevance/search/being/video/x6ds7u_subliminal-sex-messages-and-porn-in_lifestyle

Cartoons are Evil

5 Part video on how cartoons influence the mind of children and program them to the occult.

Part I

Part II

CNBC Anchorman Rick Santelli Bailed Out on Daily Show, Jon Stewart Destroys CNBC

Rick Santelli Bailed Out on Daily Show, Stewart Destroys CNBC (Hilarious)

CNBC Gives Financial Advice

Daily Show Full Episodes

Article found on DIGG.com

The U.S. Financial System Is Effectively Insolvent

There is a grave risk of a global L-shaped depression.

For those who argue that the rate of growth of economic activity is turning positive–that economies are contracting but at a slower rate than in the fourth quarter of 2008–the latest data don’t confirm this relative optimism. In 2008’s fourth quarter, gross domestic product fell by about 6% in the U.S., 6% in the euro zone, 8% in Germany, 12% in Japan, 16% in Singapore and 20% in South Korea. So things are even more awful in Europe and Asia than in the U.S.

There is, in fact, a rising risk of a global L-shaped depression that would be even worse than the current, painful U-shaped global recession. Here’s why:

First, note that most indicators suggest that the second derivative of economic activity is still sharply negative in Europe and Japan and close to negative in the U.S. and China. Some signals that the second derivative was turning positive for the U.S. and China turned out to be fake starts. For the U.S., the Empire State and Philly Fed indexes of manufacturing are still in free fall; initial claims for unemployment benefits are up to scary levels, suggesting accelerating job losses; and January’s sales increase is a fluke–more of a rebound from a very depressed December, after aggressive post-holiday sales, than a sustainable recovery.

For China, the growth of credit is only driven by firms borrowing cheap to invest in higher-returning deposits, not to invest, and steel prices in China have resumed their sharp fall. The more scary data are those for trade flows in Asia, with exports falling by about 40% to 50% in Japan, Taiwan and Korea.

Even correcting for the effect of the Chinese New Year, exports and imports are sharply down in China, with imports falling (-40%) more than exports. This is a scary signal, as Chinese imports are mostly raw materials and intermediate inputs. So while Chinese exports have fallen so far less than in the rest of Asia, they may fall much more sharply in the months ahead, as signaled by the free fall in imports.

With economic activity contracting in 2009’s first quarter at the same rate as in 2008’s fourth quarter, a nasty U-shaped recession could turn into a more severe L-shaped near-depression (or stag-deflation). The scale and speed of synchronized global economic contraction is really unprecedented (at least since the Great Depression), with a free fall of GDP, income, consumption, industrial production, employment, exports, imports, residential investment and, more ominously, capital expenditures around the world. And now many emerging-market economies are on the verge of a fully fledged financial crisis, starting with emerging Europe.

Fiscal and monetary stimulus is becoming more aggressive in the U.S. and China, and less so in the euro zone and Japan, where policymakers are frozen and behind the curve. But such stimulus is unlikely to lead to a sustained economic recovery. Monetary easing–even unorthodox–is like pushing on a string when (1) the problems of the economy are of insolvency/credit rather than just illiquidity; (2) there is a global glut of capacity (housing, autos and consumer durables and massive excess capacity, because of years of overinvestment by China, Asia and other emerging markets), while strapped firms and households don’t react to lower interest rates, as it takes years to work out this glut; (3) deflation keeps real policy rates high and rising while nominal policy rates are close to zero; and (4) high yield spreads are still 2,000 basis points relative to safe Treasuries in spite of zero policy rates.

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Surprise Supreme Court Decision Ends Big Pharma’s Pre-Emption Bid for Legal Immunity

(NaturalNews) In a 6-3 decision, the U.S. Supreme Court has ruled against Wyeth in the Diana Levine case, setting a crucial precedent in the battle against Big Pharma. The ruling ends an important part of the Big Pharma / FDA conspiracy racket that sought to market extremely dangerous (and even deadly) drugs while providing full legal immunity to drug companies, even when those companies actively lied about the safety of their drugs by hiding negative drug studies from the public and the FDA.

The decision has hit Big Pharma hard. The industry, already reeling from layoffs and a loss of innovation, is now facing a wave of lawsuits from potentially hundreds of thousands of people who have been harmed by dangerous prescription medications. The legal path for such lawsuits has now been cleared, and drug companies can no longer claim legal immunity just because they managed to deceive the FDA into declaring their dangerous chemicals were “approved.”

The FDA regime

Three Supreme Court Judges disagreed with the decision, siding with the granting of legal immunity to drug companies: Chief Justice John Roberts and Justices Antonin Scalia and Samuel Alito, who called the decision a “frontal assault on the FDA’s regulatory regime for drug labeling.”

“Regime,” of course, is exactly the right word to describe the FDA’s campaign of medical tyranny against the American People. That even three Supreme Court Justices would vote to enforce this dangerous, corrupt regulatory regime is more than a bit disturbing. Fortunately for the American People, the opinions of these three did not prevail.

Big Pharma has long conspired with the FDA to approve knowingly dangerous (and deadly) drugs that are then marketed to the public through a process known as “disease mongering,” in which drug companies scare up new health conditions in order to convince people they need to be medicated. Practically the entire pharmaceutical industry is based on this unholy alliance between the corrupt FDA (http://www.naturalnews.com/the_fda.html) and a profit-seeking drug industry (http://www.naturalnews.com/big_phar…), and if the Supreme Court had granted Big Pharma immunity on any drug approved by the FDA, it could have unleashed a treacherous era of Big Pharma arrogance and the virtual abandonment of any remaining safety measures by the industry

With full legal immunity, Big Pharma would have been able to market practically any poison as a “drug,” regardless of how many people were killed. Even many of its current drugs are, admittedly, little more than poison. For example, the most popular blood thinning drug sold today — coumadin — is literally made out of the same chemical used in rat poison (http://www.naturalnews.com/021434.html). Many psychiatric drugs given to children today are just re-branded amphetamine street drugs like “speed.”

To the great benefit of the American People (and the lawyers who represent them against drug companies), the Supreme Court has now nailed the coffin shut on Big Pharma pre-emption. Sadly, this decision still cannot raise from the grave all the hundreds of thousands of Americans who have already been killed by dangerous, FDA-approved prescription medications, but perhaps from this point forward, enough lawsuits can proceed that drug companies will either be put out of business or be forced to calculate the economic cost of killing patients while facing a wave of resulting litigation.

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‘Accidental’ Contamination Of Vaccine With Live Avian Flu Virus Virtually Impossible

Czech Papers Question Whether Contaminated Baxter Vaccine Was ‘Attempt to Provoke Pandemic’

Paul Joseph Watson
Prison Planet.com
Thursday, March 5, 2009

 

According to a compiled translation from Czech newspaper stories, the media over there is asking tough questions about whether the contamination was part of a deliberate attempt to start a pandemic.

“Was this just a criminal negligence or it was an attempt to provoke pandemia using vaccination against flu to spread the disease – as happened with the anti-B hepatitis vaccination with vaccines containing the HIV virus in US? – and then cash for the vaccines against H5N1 which Baxter develops? How could on Earth a virus as H5N1 come to the ordinary flu vaccines? Don’t they follow even basic precautions in the american pharma companies?” states the translation.

To reiterate, the key aspect of this story is that it is virtually impossible for live avian flu virus to find its way into a vaccine by accident.

As health expert Mike Adams points out, “The shocking answer is that this couldn’t have been an accident. Why? Because Baxter International adheres to something called BSL3 (Biosafety Level 3) – a set of laboratory safety protocols that prevent the cross-contamination of materials.”

As explained on Wikipedia (http://en.wikipedia.org/wiki/Biosaf…):

“Laboratory personnel have specific training in handling pathogenic and potentially lethal agents, and are supervised by competent scientists who are experienced in working with these agents. This is considered a neutral or warm zone. All procedures involving the manipulation of infectious materials are conducted within biological safety cabinets or other physical containment devices, or by personnel wearing appropriate personal protective clothing and equipment. The laboratory has special engineering and design features.”

Under the BSL3 code of conduct, it is impossible for live avian flu viruses to contaminate production vaccine materials that are shipped out to vendors around the world.

This leaves only two possibilities that explain these events:

Possibility #1: Baxter isn’t following BSL3 safety guidelines or is so sloppy in following them that it can make monumental mistakes that threaten the safety of the entire human race. And if that’s the case, then why are we injecting our children with vaccines made from Baxter’s materials?

Possibility #2: A rogue employee (or an evil plot from the top management) is present at Baxter, whereby live avian flu viruses were intentionally placed into the vaccine materials in the hope that such materials might be injected into humans and set off a global bird flu pandemic.

Spreading bird flu would create an instantaneous surge of demand for bird flu vaccines. The profits that vaccine companies such as Baxter International could reap out of such a panic are astronomical.

In addition, as we have previously reported, those that have a stake in the Tamiflu vaccine include top globalists and BIlderberg members like George Shultz, Lodewijk J.R. de Vink and former Secretary of Defense Donald Rumsfeld.

Authorities in both Europe and the U.S. have openly detailed plans for martial law, quarantine and internment should a bird flu pandemic occur.

The other motivation, as we have exhaustively documented on this website for years, is the fact that elites throughout history have openly stated that they want to see a world population reduction of around 80 per cent. Shocking stories like this take the plausibility of that narrative out of the realms of conspiracy theory and into the dangerous reality of conspiracy fact.

“Baxter is acting a whole lot like a biological terrorism organization these days, sending deadly viral samples around the world. If you mail an envelope full of anthrax to your Senator, you get arrested as a terrorist. So why is Baxter — which mailed samples of a far more deadly viral strain to labs around the world — getting away with saying, essentially, “Oops?”, Adams concludes.

This is not the first time that vaccine companies have been caught distributing vaccines contaminated with deadly viruses.

In 2006 it was revealed that Bayer Corporation had discovered that their vaccine, which was used by hemophiliacs, was contaminated with the HIV virus. Internal documents prove that after they positively knew that the virus was contaminated, they took it off the U.S. market only to dump it on the European, Asian and Latin American markets, knowingly exposing thousands, most of them children, to the live HIV virus. Government officials in France went to prison for allowing the vaccine to be distributed. The documents show that the FDA colluded with Bayer to cover-up the scandal and allowed the deadly vaccine to be distributed globally. No Bayer executives ever faced arrest or prosecution in the United States.

Czech newspapers are questioning if the shocking discovery of vaccines contaminated with the deadly avian flu virus which were distributed to 18 countries by the American company Baxter were part of a conspiracy to provoke a pandemic.

The claim holds weight because, according to the very laboratory protocols that are routine for vaccine makers, mixing a live virus biological weapon with vaccine material by accident is virtually impossible.

“The company that released contaminated flu virus material from a plant in Austria confirmed Friday that the experimental product contained live H5N1 avian flu viruses,” reports the Canadian Press.

Baxter flu vaccines contaminated with H5N1 – otherwise known as the human form of avian flu, one of the most deadly biological weapons on earth with a 60% kill rate – were received by labs in the Czech Republic, Germany, and Slovenia.

Initially, Baxter attempted to stonewall questions by invoking “trade secrets” and refused to reveal how the vaccines were contaminated with H5N1. After increased pressure they then claimed that pure H5N1 batches were sent by accident. This was seemingly an attempt to quickly change the story and hide the fact that the accidental contamination of a vaccine with a deadly biological agent like avian flu is virtually impossible and the only way it could have happened was by wilful gross criminal negligence.

How Venice Rigged the First and Worst Global Financial Collapse

How Venice Rigged the First and Worst Global Financial Collapse

This article is reprinted from the Winter 1995 issue of FIDELIO Magazine.

by Paul Gallagher

Six hundred and fifty years ago came the climax of the worst financial collapse in history to date. The 1930’s Great Depression was a mild and brief episode, compared to the bank crash of the 1340’s, which decimated the human population.

The crash, which peaked in A.C.E. 1345 when the world’s biggest banks went under, “led” by the Bardi and Peruzzi companies of Florence, Italy, was more than a bank crash—it was a financial disintegration. Like the disaster which looms now, projected in Lyndon LaRouche’s “Ninth Economic Forecast” of July 1994, that one was a blowup of all major banks and markets in Europe, in which, chroniclers reported, “all credit vanished together,” most trade and exchange stopped, and a catastrophic drop of the world’s population by famine and disease loomed.

Like the financial disintegration hanging over us in 1995 with the collapse of Mexico, Orange County, British merchant banks, etc., that one of the 1340’s was the result of thirty to forty years of disastrous financial practices, by which the banks built up huge fictitious “financial bubbles,” parasitizing production and real trade in goods. These speculative cancers destroyed the real wealth they were monopolizing, and caused these banks to be effectively bankrupt long before they finally went under.

The critical difference between 1345 and 1995, was that in the Fourteenth century there were as yet no nations. No governments had the national sovereignty to control the banks and the creation of credit; or, to force these banks into bankruptcy in an orderly way, and replace fictitious bank credit and money with national credit. Nor was the Papacy, the world leadership of the Church, fighting against the debt-looting of the international banks then as it is today; in fact, at that time it was allied with, aiding, and abetting them.

The result was a disaster for the human population, which fell worldwide by something like 25 percent between 1300 and 1450 (in Europe, by somewhere between 35 percent and 50 percent from the 1340’s collapse to the 1440’s).

This global crash, caused by the policies and actions of banks which finally completely bankrupted themselves, has been blamed by historians ever since on a king—poor Edward III of England. Edward revolted against the seizure and looting of his kingdom by the Bardi and Peruzzi banks, by defaulting on their loans, starting in 1342. But King Edward’s national budget was dwarfed by that of either the Bardi or Peruzzi; in fact, by 1342, his national budget had become a sub-department of theirs. Their internal memos in Florence spoke of him contemptuously as “Messer Edward”; “we shall be fortunate to recover even a part” of his debts, they sniffed in 1339.

A “free trade” mythology has been developed by historians about these “sober, industrious, Christian bankers” of Italy in the Fourteenth century—“doing good” by their own private greed; developing trade and the beginnings of capitalist industry by seeking monopolies for their family banks; somehow existing in peace with other merchants; and expiating their greedy sins by donations to the Church. But, goes the myth, these sober bankers were led astray by kings (accursed governments!) who were spendthrift, warlike, and unreliable in paying debts which they had forced the helpless or momentarily foolish bankers to lend them. Thus, emerging “private enterprise capitalism” was set back by the disaster of the Fourteenth century, concludes the classroom myth, noting in passing that 30 million people died in Europe in the ensuing Black Death, famine, and war. If only the “sober, Christian” bankers had stuck to industrious “free trade” and prosperous city-states, and never gotten entangled with warlike, spendthrift kings!

The Real Story

Two recent books help to overturn this cover story, although perhaps that is beyond the intention of their authors. Edwin Hunt’s 1994 book The Medieval Supercompanies: A Study of the Peruzzi Company of Florence,* establishes that this great bank was losing money and effectively going bankrupt throughout the late 1330’s, as a result of its own destructive policies—in Europe’s agricultural credit and trade in particular—before it ever dealt with Edward III. “Indeed, the great banking companies were able to survive past 1340 only because news of their deteriorated position had not yet circulated.” Just as in 1995.

US, UK, Eurozone Banks Face Meltdown

With all the hype from various US dollar bears about the crisis with US banks, few on this side of the Atlantic are paying any attention to happenings in Europe.

For those who look, a strong case can be made that European banks are as bad off if not much worse off than their US counterparts.

“The unfolding debt drama in Russia, Ukraine, and the EU states of Eastern Europe has reached acute danger point” says Ambrose Evans-Pritchard in Failure to save East Europe will lead to worldwide meltdown.

Stephen Jen, currency chief at Morgan Stanley, said Eastern Europe has borrowed $1.7 trillion abroad, much on short-term maturities. It must repay – or roll over – $400bn this year, equal to a third of the region’s GDP. Good luck. The credit window has slammed shut.

Not even Russia can easily cover the $500bn dollar debts of its oligarchs while oil remains near $33 a barrel. The budget is based on Urals crude at $95. Russia has bled 36pc of its foreign reserves since August defending the rouble.

“This is the largest run on a currency in history,” said Mr Jen.

In Poland, 60pc of mortgages are in Swiss francs. The zloty has just halved against the franc. Hungary, the Balkans, the Baltics, and Ukraine are all suffering variants of this story. As an act of collective folly – by lenders and borrowers – it matches America’s sub-prime debacle. There is a crucial difference, however. European banks are on the hook for both. US banks are not.

Almost all East bloc debts are owed to West Europe, especially Austrian, Swedish, Greek, Italian, and Belgian banks. En plus, Europeans account for an astonishing 74pc of the entire $4.9 trillion portfolio of loans to emerging markets.

They are five times more exposed to this latest bust than American or Japanese banks, and they are 50pc more leveraged (IMF data).

Spain is up to its neck in Latin America, which has belatedly joined the slump (Mexico’s car output fell 51pc in January, and Brazil lost 650,000 jobs in one month). Britain and Switzerland are up to their necks in Asia.

Whether it takes months, or just weeks, the world is going to discover that Europe’s financial system is sunk, and that there is no EU Federal Reserve yet ready to act as a lender of last resort or to flood the markets with emergency stimulus.

East Europe that is blowing up right now. Erik Berglof, EBRD’s chief economist, told me the region may need €400bn in help to cover loans and prop up the credit system.

Europe’s governments are making matters worse. Some are pressuring their banks to pull back, undercutting subsidiaries in East Europe. Athens has ordered Greek banks to pull out of the Balkans.

The sums needed are beyond the limits of the IMF, which has already bailed out Hungary, Ukraine, Latvia, Belarus, Iceland, and Pakistan – and Turkey next – and is fast exhausting its own $200bn (€155bn) reserve. We are nearing the point where the IMF may have to print money for the world, using arcane powers to issue Special Drawing Rights.

Its $16bn rescue of Ukraine has unravelled. The country – facing a 12pc contraction in GDP after the collapse of steel prices – is hurtling towards default, leaving Unicredit, Raffeisen and ING in the lurch. Pakistan wants another $7.6bn. Latvia’s central bank governor has declared his economy “clinically dead” after it shrank 10.5pc in the fourth quarter. Protesters have smashed the treasury and stormed parliament.

Somehow the myth persists that the Euro will be the world’s reserve currency. The “somehow” usually stems from those who believe in the tooth fairy and global decoupling while staring straight into a magic mirror that only highlights the problems in the US. Here is a better question….

 

John Mauldin explores that question in his latest Outside The Box: Can The Euro Survive?

Milton Friedman famously predicted that the euro would not last past their first economic crisis. This week we look at commentary by Niels Jensen that explores the news from Euroland. Can the euro survive? He explores a number of options which are most definitely not on the radar screen for most investors. It is good to get a perspective from those outside of our own back yard. Note that when he says “our country” he is referring to Great Britain.

Do BRICs (and Germans) Eat PIGS?

When the euro was introduced about ten years ago, the pessimists didn’t give it much chance of reaching its tenth anniversary. The euro, or so the argument went, was doomed from the outset because of the wide spread in economic performance and discipline amongst the member countries. At one end you had, and still have, the highly disciplined, but also slow growing, economies of Germany and the Netherlands. At the other end you find the faster growing but poorly disciplined countries such as Spain and Greece. As icing on the cake, you also had, and still have, countries that lack in both departments, such as Italy, making it difficult for the union to ‘gel’ – well, according to sceptics.

What they [the sceptics] failed to realise was that Europe, together with the rest of the world, was about to enter a period of unprecedented prosperity. The good times would not only gloss over the deeper problems, but the euro would actually go from strength to strength to a point where it now threatens to unseat the US dollar as the premier reserve currency of the world. It is therefore perhaps a mystery to some of you, why one should question the longer term viability of the euro. That is nevertheless what I intend to do.

The problem, as I have already alluded to, is poor discipline amongst several of the member states. Ever heard of the four PIGS? This less than flattering acronym stands for Portugal, Italy, Greece and Spain, four members of the euro zone which are all in much deeper trouble than they are prepared to admit.

Let’s take a closer look at the unit labour cost index for various countries

2007 Unit Labour Cost Index (2000=100)

Since the introduction of the euro, the PIGS have failed miserably to keep up with Germany on this measure of competitiveness. So has Ireland by the way, hence its current predicament.

Another issue, which is potentially even more destabilising for the euro longer term, is the massive liabilities facing Europe as its population ages.

Greece is clearly facing the biggest challenge. Public debt, which currently stands at about 95% of GDP, will grow to a whopping 555% of GDP by 2050 if the current pension and social security programme is left unchanged. The Greek government is painfully aware of this and have been working on several new initiatives. It was the passing of one of those new laws which caused the riots in Athens before Christmas.

A third problem facing Europe is the sheer scale of the banking crisis. Although this is not just a European problem, European countries are probably worse off than the US because a larger part of European debt has to be financed externally. As you can see from chart 1, more than $2 trillion of European and U.S. bank debt needs to be re-financed before the end of next year. Unless there is a material improvement in market conditions, re-financing at such a massive scale is simply not doable.

Maturing Bank Securities in 2009/10 (USD)

Kenneth Rogoff and Carmen Reinhart published a research paper about a month ago which should be mandatory reading for all investors2. They have studied every single banking crisis of the past 100 years and reach some rather unsettling conclusions. As they point out: “Broadly speaking, financial crises are protracted affairs”.

Following a banking crisis, asset prices fall more and for longer than most investors realise. So do output and unemployment. Most importantly, though, the real value of government debt explodes but not for the reasons you might think. Yes, the bailout costs are significant, but the main driver of rising government debt is actually the subsequent collapse of tax income. [Mish note: See article for charts]

So when we are told that the bailout cost, although large, is still manageable, it is only half the story. The loss of tax revenue is another nail in the coffin and could lead to a dramatic – and unpredicted – rise in public debt. Have you heard any mention of that from your government?

In Frankfurt, the ‘eurocrats’ are currently congratulating themselves that they, through strict monetary discipline, killed inflation in the aftermath of last year’s explosion in commodity prices. The reality, however, is that the credit crunch killed inflation – they didn’t – and Europe is now at a junction where even the smallest policy mistake could be very expensive indeed.

So, could all this lead to the destruction of the euro? Could the currency union actually break up? It is not that the risk to the PIGS has not been recognised by bond investors. As you can see from chart 3 below, investors in long dated Greek government bonds now earn about 2.5% more than they do by investing in correspondent German bunds.

PIGS Sovereign Debt Spreads over Germany

On the other hand, I may disappoint one or two readers (I will certainly disappoint Ambrose Evans-Pritchard of the Daily Telegraph who appears to have declared war on the euro), but I firmly believe that the euro will almost certainly survive the current crisis. I am much more worried about some of the member countries.

There is nothing in the Maastricht treaty which prevents a member country from leaving the euro, yet the decision to join is effectively irreversible. There are a number of reasons for this, the most important being economic costs. Take Italy which has a history of compensating for lost competitiveness through regular devaluations. If Berlusconi did the unthinkable tomorrow (sorry – nothing is unthinkable in Berlusconi’s world), Italy’s borrowing costs would explode. My guess is that bond investors would demand double digit returns on a Lira denominated bond to compensate for the dramatically increased devaluation risk. Already in a precarious fiscal position, Italy could quite simply not afford that.

So, if any country were to leave the euro, it would more likely be from a position of strength, and only one country possesses enough strength to pull that off in the current environment. That country is Germany. And, although the euro is not particularly popular in Germany, I believe it is extremely unlikely for Germany to make such a move unilaterally.

At the same time, the fact that the euro has saved the bacon of more than one country in recent months – Ireland being the most obvious example – should not be ignored. For this very reason, the euro membership is actually far more likely to grow than to shrink as a result of the financial and economic crisis engulfing the world. The issue the EU has to deal with is whether the new applicants should actually be welcomed. Most of those who would want to join will bring plenty of baggage.

Another possible outcome, which you hear almost no mention of, is the possibility of a new Transatlantic currency. When I mention this possibility, everyone laughs, but think about it for a second. The economic crisis on both sides of the Atlantic is enormous. Both are resorting to the same formulas – large fiscal stimulus and quantitative easing (a word invented by central bankers because ‘printing money’ smacks too much of Zimbabwe). There is a real risk that the entire financial and monetary system on either side of the pond needs to be re-designed. If that were to happen, I am pretty confident that the Fed and the ECB would at least sit down and discuss the possibility of a joint currency. That would also allow the UK to join a currency union without too much egg on its battered face.

In the short to medium term, though, there is no such bailout on the horizon. D-day is now firmly on the horizon. As I see things, it is not inconceivable that a member country could be forced to default on its sovereign debt.

Another, and more likely, outcome is the possibility of one or more member countries coming under EU administration. The recent crowd trouble in Greece could very well turn out to be the dry run for much bigger and more organised labour market unrest across Europe as reality begins to bite.

For the time being, though, European governments continue to be in denial. When the IMF recently recommended that Spain implement various structural reforms, the idea was flatly rejected by Prime Minister Zapatero. In the meantime, you can sit back and prepare for the drama to unfold. Very simplistically, it is a choice between Zimbabwe and Japan. Our central bankers can choose to monetize their way out of the current slump and run the risk of much higher interest rates and a rapidly deteriorating currency like Zimbabwe or they can show fiscal discipline and accept perhaps ten years of below par growth a la Japan. Or they can find the delicate balance in between the two and everyone will live happily thereafter. But that requires both skill and luck.

Those are long snips from a very long article that is worth a read in entirety. In aggregate, my take is that the Eurozone, the UK, and the US all face similar problems, and many countries are in far worse shape than the US. And while Italy is likely to do a lot of sabre rattling, none of the PIGS are apt to be so foolish as to leave the European Union.

However, there is going to be increasing pressure on Germany to bailout the other Eurozone countries yet there is no reason to think they will (or should) oblige.

One of the consequences of the Mad Race to ZIRP (Zero Interest Rate Policy) is that Japan, the UK, US, and EU all have interest rates at or approaching zero. Thus a big reason to enter various carry trades has gone up in smoke.

On the plate now is a meltdown possibility in US banks, UK banks, and Eurozone banks as the entire global banking system is insolvent. Conceivably a framework for a new transatlantic or even global currency could come out of such a meltdown.

However, it is impossible to agree to a solution when Central Bankers do not even understand the problem. The problem is micromanagement of interests rates and currencies by central bankers in conjunction with fractional reserve lending and deficit spending everywhere. Right now, president Obama, Bernanke, and nearly every politician and central bank in the world is focused on curing symptoms instead of curing the disease.

Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com
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