In a November 2009 article, I forecasted that at the earliest, by the first quarter and the latest by the second quarter of 2010, the global economy would unravel.
Since the second quarter of 2009 and more so in the first quarter of 2010, the Obama administration, the G8, the international mass media, the IMFand the World Bank, all sang the chorus that the global economy is on “the road to recovery” and “the worst is behind us”.
While, the Dow (DJIA) “recovered” from the March lows of 2009 and shot above the 10,000 mark, all major markets were manipulated to give the illusion of recovery. The gullible took it all – hook, line and sinker.
But let me share some common sense logic.
When the so-called economists and financial analysts were trumpeting that there was a global recovery, did you consider what that means in real terms?
If there is an economic recovery, common sense tells us that productive entities, namely companies and national economies must be making money –i.e. firms are making profits and countries are improving their export performance.
And more importantly, if the so-called recovery is a sustainable recovery with economic growth, subsequent policies would no doubt reflect that optimism.
In essence, theory must jive with practice and/or reality.
But, what did we observe? What were the global central banksdoing?
Executive Summary – This is our writing. At times we get given information by People that are in Restore America Plan at various levels. This is based on our analysis solely.
First an Unverified History of RAP Roots? – This was taken from a post on a forum.
“Hey, the military approached Tom Schultz to reign in Obama with a plan in hand. The plan was based on a War College scenario a Lt Colonel created.
Some members of the Supreme Court validated the Plan and supported it as the one way to reoccupy the vacated seats of the Republic.
The elders went out and rallied the initial grand juries and got the documents filed with the Governors in record time.
Once the initial word came out it went viral around the world. This slowed all concerned so they could endure as they took the USA corporate system of funding down, it would not in-turn collapse the other economies.”
(My insertion) – At some point Sam Kennedy broker from Tim Turner taking numerous Grand Jury members with him and this caused delay while the grand jury members were replaced and trained. This has been done and they are seated now as I am told.
“Ongoing investigations were completed a few weeks back and the World Court and International settlements foundation issued their orders.
Finally a few weeks ago the right actors were assembled to meet and develop lawful orders for the military. The military was OBE with the Gulf situation and now have formulated plans to move forward with their portion of the plan. Execution of orders issued by the recognized constitutional government.
Pretty amazing stuff really, when you consider it will be accomplished peacefully and lawfully. You got to love them founders for including a reset button in the Declaration of Independence. Tom Jefferson you’re the man.”
This is a quick thumbnail of money supply for those of you having trouble finding understanding in the tsunami of Keynesian Kool-Aid coming from our ‘betters’.
On October 3rd of 2008, Republicrats and Democans responded to the failure of Lehman Brothers, bankruptcy of Bear Stearns, incipient collapse of AIG Insurance, threatened insolvency of other major financial institutions, and general panic in the financial community, by passing Public Law 110-343. This law contained two basic sections. The most infamous brought us the first of the ‘TARP-ulus‘ genre. But a very important offsetting function was contained in another place in that same law that is known as the Emergency Economic Stabilization Act of 2008. Way down inthe fine print, it authorized the Federal ReserveBank to begin immediately paying banks to not loan out money. That was not their exact choice of words. In fact, read Section 128 where they did it and it is almost impossible to tell what exactly they were doing.
Three days later on October 6th of 2008, the Federal Reserve Bank announced it would begin paying banks to not lend money. Again, not their exact choice of words.
Within less than a month the Federal Reserve Bank began discreetly ‘monetizing’ by purchasing Fannie and Freddie debt.
By March of 2009, attempts at discretion fell by the wayside and the Federal Reserve began buying US Treasurys outright. Put simply this means that the Federal Reserve began ‘printing’ money and giving it to the United States Treasuryto spend.
During this period of time (from September 2008 through current) the St Louis Adjusted Monetary Base went up by approximately 1 trillion dollars.
The Bilderberg group will convene in Sitges, Spain, a resort community 30 km from Barcelona, on June 4-7. As usual, the information is supplied by James Tucker and Daniel Estulin who revealed that this year the issues topping the agenda of the club’s meeting will be the global recession and the approaches to provoking such economic breakdowns that can help justify the establishment of a full-scale world economic governance.
Intending to prolong the global economic downturn for at least another year, the Bilderberg group hopes to take advantage of the situation to set up a “global ministry of finance” as a part of the UN. Though the decision was actually made at the group’s meeting in Greece last year, according to Tucker the plan was torpedoed by US and European “nationalists” (for the Bilderberg group, “nationalists” is a generic term for all nationally-oriented forces espousing national sovereignty and statehood).
All year since the last meeting, representatives of the global executive management have been convincing the public across the world to embrace a “new financial order”. The idea recurred in the statements made by N. Sarkozy, G. Brown, and the freshly elected European Council President H. Van Rompuy, but – against the backdrop of a relatively harmless phase of the crisis – the activity remained limited to psychological conditioning and no practical steps have been taken. As Jacques Attali wrote quite reasonably in his After the Crisis, Europe has no right to demand a reform of theglobal financial architecture as long as it can’t organize the institutions that would meet its own needs.
Submitted by cpowell on 05:59PM ET Tuesday, June 1, 2010. Section: Daily Dispatches
8:50p ET Tuesday, June 1, 2010
Dear Friend of GATA and Gold:
Michael Zielinski, editor of Coin Update News, last week noticed that the U.S. Mint seemed not to have followed its policy for adjusting the prices of its numismatic coins. Calling the mint about it, Zielinski uncovered a secret codicil in the policy that prevented what ordinarily would have been a reduction in prices.
Writing about it today, Zielinski concludes with polite understatement: “When the new pricing policy was introduced, the U.S. Mint Deputy Directorstated, ‘Transparency, agility, and customer service are the catalysts for our new pricing method.’ Having an unrevealed internal policy which can override the published policy doesn’t seem consistent with the claim of transparency.”
If you think the Mint has some shortcomings with transparency on gold, GATA could tell you, over a beer or two, about the secrecy tightly woven around gold by the Federal Reserve andTreasury Department, but we might not finish by closing time. At least Coin Update News didn’t have tosuethe mint to get an answer.
United States Congressional Record, March 17, 1933 Vol. 33, page H-1303 THIS IS IMPORTANT!!!!
Speaker-Rep. James Traficant, Jr. (Ohio) addressing the House:
“Mr. Speaker, we are here now in chapter 11.. Members of Congress are
official trustees presiding over the greatest reorganization of any Bankrupt
entity in world history, the U.S. Government. We are setting forth
hopefully, a blueprint for our future. There are some who say it is a
coroner’s report that will lead to our demise.
It is an established fact that the United States Federal Government has
been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1,
Public Law 89-719; declared by President Roosevelt, being bankrupt and
insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 – Joint
Resolution To Suspend The Gold Standard and Abrogate The Gold Clause
dissolved the Sovereign Authority of the United States and the official
capacities of all United States Governmental Offices, Officers, and
Departments and is further evidence that the United States Federal
Government exists today in name only.
The receivers of the United States Bankruptcy are the International
Bankers, via the United Nations, the World Bank and the International
Monetary Fund. All United States Offices, Officials, and Departments are now
operating within a de facto status in name only under Emergency War Powers.
With the Constitutional Republican form of Government now dissolved, the
receivers of the Bankruptcy have adopted a new form of government for the
United States. This new form of government is known as a Democracy, being an
established Socialist/Communist order under a new governor for America. This
act was instituted and established by transferring and/or placing the Office
of the Secretary of Treasury to that of the Governor of the International
Monetary Fund. Public Law 94-564, page 8, Section H.R. 13955 reads in part:
“The U.S. Secretary of Treasury receives no compensation for representing
the United States.”
All we can hope for is for this to get to trial. And any case which in its brief says: “As American citizens, the Plaintiffs allege the financial and banking system imposed on them by the Federal Reserve Banking sytem is a violation of their Constitutional and Human Rights. That the banking system practiced by the New York Federal Reserve Bank, owned and controlled by the Defendant Wall Street Banks, is the most sinful and evil PONZI scheme man is capable of devising” deserves a hearing.The ratings for C-Span will blow the Superbowl away. A 30 second ad slot will cost exponentially more as the case progresses adversely for the Federal Reserve, and the dollar gets increasingly devalued.
American taxpayers have been freshly liberated of hundreds of billions more dollars as part of the IMF’s new bailout package which is principally going straight to European banks, in addition to the Federal Reserve program to ship U.S. dollars to Europe, in a move that represents little more than a desperate effort to save the Euro and rescue the credibility of economic global governance.
“The Federal Reserve late Sunday opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on the continent,” reports the Associated Press.
“The Fed’s action reopens a program put in place during the 2008 global financial crisis under which dollars are shipped overseas through the foreign central banks. In turn, these central banks can lend the dollars out to banks in their home countries that are in need of dollar funding to prevent the European crisis from spreading further.”
By Olga Chetverikova
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