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Terence Corcoran: Is this the end of America?
Posted: March 19, 2009, 7:38 PM by NP Editor
Terence Corcoran, Ben Bernanke, inflation
U.S. law-making is riddled with slapdash, incompetence and gamesmanship
By Terence Corcoran
Helicopter Ben Bernanke’s Federal Reserve is dropping trillions of fresh paper dollars on the world economy, the President of the United States is cracking jokes on late night comedy shows, his energy minister is threatening a trade war over carbon emissions, his treasury secretary is dithering over a banking reform program amid rising concerns over his competence and a monumentally dysfunctional U.S. Congress is launching another public jihad against corporations and bankers.
As an aghast world — from China to Chicago and Chihuahua — watches, the circus-like U.S. political system seems to be declining into near chaos. Through it all, stock and financial markets are paralyzed. The more the policy regime does, the worse the outlook gets. The multi-ringed spectacle raises a disturbing question in many minds: Is this the end of America?
Today, March 20th, Regulators siezed control of the two largest wholesale credit unions in the U.S.
In Zimbabwe, businesses and sellers of goods will no longer take the phony worthless paper money and instead want to be paid in GOLD! Yes, GOLD! And you don't believe that our phone fiat system is going to break down and do the same? I keep warning about the need to accumulate Silver, Gold and even Platinum coins, bars, etc to protect yourself in the future. Join some or all of the following. Check out Silver Tornado first as it lists several different programs. I recommend to start with Silver Eagles 4 U and SilverSnowball to start:
1) SILVEREAGLES 4 U - You can join this at NO COST!
http://www.silvereagles4u.com/dewein.mv
2) SILVERSNOWBALL - You can accumulate coins through this by referrals -
http://silversnowball.coim/1263
3) SILVERTORNADO-
http://www.silvertornado.com/?dewein
Time is running out. Inflation is on its way. Silver will go to $50, $75,$100 and more and ounce and Gold to $1000, $1500, $2500 an ounce and more.
Friday, March 20, 2009
Thursday, March 5, 2009
The Hijacking of America
The Hijacking of America Part II
By Greg McCoach | Tuesday, March 3rd, 2009
...continued from Part I
The latest so called "economic stimulus package" is nothing more and nothing less than creating money out of thin air.It absolutely guarantees hyperinflation within eighteen months time frame, possibly much less and gives us colossal opportunities to profit in non-dollar assets such as the precious metals.And what we were originally told about the stimulus package, is suddenly no longer the case.As always, what we the people were led to believe in the beginning as with the bailouts and now the economic stimulus is totally changed.The economic stimulus is mostly pork barrel spending and socialism on a grand scale with little in the way of infrastructure job creation which was how this was originally billed.It is very conceivable that the first year budget deficit of Obama's administration will exceed $3 trillion dollars. This is absolutely unsustainable by any definition you want to use.As Jim Sinclair recently said, "There is no longer any means of reversal of the final terminal phase of the downward spiral now solidly set in motion."It is coming whether you or I want it to or not. All you can do is take the positive approach and prepare for it, and profit from the debacle. The time to do so, however, is rapidly running out.The million dollar question remains, how much time do we really have before the system implodes? I wouldn't be surprised to see the next shoe drop at any moment as the "Obama Hope Rally" quickly fades into the next wave of financial panic. This next wave down is going to be a whopper because it will involve the popping of the commercial real estate bubble and its associated derivatives.Again, the powers that be don't want you to understand what these derivatives are and how they are affecting the financial system.The government/media complex keeps providing disinformation to prevent you from understanding the true nature of this derivative liability that exists worldwide.What the exact amount of this liability represents is not exactly known. But what we do know is that what we have seen thus far is only the tip of the iceberg.In these kinds of volatile environments, things can go from looking good to sheer panic at the drop of a hat.The Federal Reserve is working feverishly at the moment to avoid deflationary panic. But their only solution is to throw money—lots of money—at the problem.This in the end will only prove disastrous as hyperinflationary forces take over. The reason for this is because of the sheer number of new dollars that are being created and thrown into the system.The exact timing of when this hyperinflation will show up taking "Cash is King" to "Cash is Trash" will depend mostly on what is called the velocity of money as I have explained before.If the newly created money starts to change hands quickly as people begin to buy whatever they can of value before there money buys even less, then you can expect the hyperinflation to show up sooner than eighteen months, possibly much sooner.If, however, the velocity is slower and the newly created money does not change hands very quickly then we may get the full eighteen months before things really begin to unwind.
By Greg McCoach | Tuesday, March 3rd, 2009
...continued from Part I
The latest so called "economic stimulus package" is nothing more and nothing less than creating money out of thin air.It absolutely guarantees hyperinflation within eighteen months time frame, possibly much less and gives us colossal opportunities to profit in non-dollar assets such as the precious metals.And what we were originally told about the stimulus package, is suddenly no longer the case.As always, what we the people were led to believe in the beginning as with the bailouts and now the economic stimulus is totally changed.The economic stimulus is mostly pork barrel spending and socialism on a grand scale with little in the way of infrastructure job creation which was how this was originally billed.It is very conceivable that the first year budget deficit of Obama's administration will exceed $3 trillion dollars. This is absolutely unsustainable by any definition you want to use.As Jim Sinclair recently said, "There is no longer any means of reversal of the final terminal phase of the downward spiral now solidly set in motion."It is coming whether you or I want it to or not. All you can do is take the positive approach and prepare for it, and profit from the debacle. The time to do so, however, is rapidly running out.The million dollar question remains, how much time do we really have before the system implodes? I wouldn't be surprised to see the next shoe drop at any moment as the "Obama Hope Rally" quickly fades into the next wave of financial panic. This next wave down is going to be a whopper because it will involve the popping of the commercial real estate bubble and its associated derivatives.Again, the powers that be don't want you to understand what these derivatives are and how they are affecting the financial system.The government/media complex keeps providing disinformation to prevent you from understanding the true nature of this derivative liability that exists worldwide.What the exact amount of this liability represents is not exactly known. But what we do know is that what we have seen thus far is only the tip of the iceberg.In these kinds of volatile environments, things can go from looking good to sheer panic at the drop of a hat.The Federal Reserve is working feverishly at the moment to avoid deflationary panic. But their only solution is to throw money—lots of money—at the problem.This in the end will only prove disastrous as hyperinflationary forces take over. The reason for this is because of the sheer number of new dollars that are being created and thrown into the system.The exact timing of when this hyperinflation will show up taking "Cash is King" to "Cash is Trash" will depend mostly on what is called the velocity of money as I have explained before.If the newly created money starts to change hands quickly as people begin to buy whatever they can of value before there money buys even less, then you can expect the hyperinflation to show up sooner than eighteen months, possibly much sooner.If, however, the velocity is slower and the newly created money does not change hands very quickly then we may get the full eighteen months before things really begin to unwind.
Check out the following for more info on how to protect yourself:
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