Videos: Federal Criminal News Alert

I have called this new feature the Federal Criminal News Alert because the title aptly describes what the Congress, the President and their owners on Wall Street are doing to you and to me.

The first video describes the hurdles the crime network know as the United States government must face to finance the debt they created and which they intend you to pay. They need at least 500 billion dollars in fresh money to rollover at lot of short term debt and to pay back the 275 billion dollars they are taking from government worker retirement accounts from May 16th to August 2nd.

Things to look for. The Congress will try a European solution to the budget by sneaking in a provision to seize private pension funds, IRAs and 401Ks and replace them with absolutely worthless US Treasury IOUs.

There has been no Social Security cost of living increase for 2 years. Some unions use this same CPI number to set pay scales. Next month there is supposed to be a cost of living adjustment which the Congress will have to abolish. The UN has reported that food prices have went up 39% over the last year. If the elderly and disabled have no pay increase for a third straight year, they will be cutting back on food and medicine purchases which will shorten their lives. As they say in Silicon Valley, that is a feature and not a bug. They want the old folks to die.

Also of concern to those under 67 is a possible increase in the retirement age to 69, 69 1/2 or even 70 years of age. You might think that most people will not be able to find work if they are 70 years-old. You would be right. The plan is to force them to take early retirement and hence sharply reduced benefits. All across America grocery stores will have to stock cat food for little old ladies. Presumably, little old men will prefer dog food.

A compromise on tax increases and the length of the budget deal will have to be reached between House Republicans, Senate Democrats and President Obama. There have been threats of a filibuster in the Senate by a few Democrats and even from one Republican. Filibusters shut down the Senate until they cab muster a 60% vote. The Democrats will want a debt ceiling increase sufficient to take them past the November 2012 elections. That is a non-starter for Republicans. They will want at least one or even if possible two more votes on the debt ceiling so they beat up Democrats in the press.

House Republicans will demand no increases in tax rates but will be forced to accept closing of tax loopholes. Older people will remember that the Congress closed all the loopholes in 1986. Since then the politicians have sold the tax code to billionaires writing tax exemptions in exchange for campaign contributions which is why the loopholes need to be closed again.

All of this is doomed to failure. The Congress cannot touch the biggest budget items which are the Federal Reserve, the Bailouts and the six wars we are currently fighting solely for the benefit of Israel. An invasion of Libya and/ or wars with Syria, Iran and Pakistan would destroy the budget and crash the economy.

If there are no additional wars and we achieve a budget cut compromise, then the Federal Reserve will still have to continue with 2.3 trillion dollars a year in Quantitative Easing (increasing the money supply to fund the budget deficit.)

In the following video, Bob Chapman says the current inflation rate is 10%. Next year the inflation rate will be over 20% and could be as high as 25% by the end of 2012. In three years the inflation rate could be 50% which he calls hyperinflation. At that point everyone on payday will run to the nearest store and buy something or anything before the price rises. In Zimbabwe on July 4th, 2008 the price of a bottle of beer rose from 100 billion dollars at 5 pm to 150 billion dollars at 6:30 pm.

President Obama might have been right when he said unemployment will not be a major issue in 2012. By then only 27% of the people might be unemployed but everyone will have lost their paychecks and pensions through a 25% inflation.

This next video covers changes in the Chinese economy. People keep talking about the really bad and unpayable debts of the Chinese government. They have built cities that cannot be inhabited because the Chinese people are too poor to pay rent. They also have given control of many businesses to the princelings or sons of the survivors of the Long March of the Chinese Red Army from 1934 to 1935. These men are spoiled, corrupt and reckless men who have racked up another trillion dollars in bad loans and investments. The Chinese local governments are also on the hook for a trillion dollars though some of this might be already covered under the bad real estate loans. If inflation continues at the present rate of 10% in China, then all those questionable commodity loans will be made good by Blythe Masters who has used the removal of Position Limits to increase food and oil prices. I have also heard unconfirmed rumors that the Chinese have thousands of warehouses full of unsold merchandise due to the worldwide economic slow down. They cannot lay off their workers as Americans would because there were 86,000 strikes, riots and other police incidents past year. The Chinese government dares not to get their people more angry that they already are.

In the last video today we take an inside look at the Pan Asian Gold Exchange which is described as a Game Changer.

I have lived with Chinese people. Young Chinese men are willing to work long hours to save money. They will spend zero dollars on fancy clothes, apartments and cars. They will spend money on food. Chinese people do not willingly eat what they call dog food.

The Chinese Agricultural bank has 320 million individual customers who can now for the first time buy gold and silver bullion at the Pan Asian Exchange. There are also 2 million corporate customers who can buy bullion. Chinese farmers are among the wealthiest people in Asia. They are not millionaires but they have a history of burying silver bullion on their farms.

Contrast this new market with what is happening at the COMEX and the LBMA (London Bullion Market Association.) There are no Chinese investors in these markets except for a few Hong Kong based Hedge funds who have been buying gold and silver in an attempt to bankrupt the white devils in London and New York. The Chinese together with a few Arab billionaires have been buying gold and silver bullion and taking it home.They did not like it when European bankers played games with their bullion deposits. One married couple from the Mideast were temporarily denied their gold until they threatened to sue. They loaded one metric ton of gold onto their private plane and flew home.

What the Federal Reserve bank and the US Treasury have been doing is to manage commodity prices so as to make the dollar look good. Every morning they have a conference call with 27 major international corporations. Two of these companies are JP Morgan and HSBC. Morgan is tasked with keeping the price of silver down which they do by selling paper silver.

JP Morgan also has exposed themselves to 80 trillion dollars in potential losses on interest rate changes. That is why the risk ratio of liabilities to assets is 2,000 to 1 at Morgan. But they are not worried. If interest rates rise, all they have to do is to have the US government, which they own, raise tax rates on the people at home or to invade a country like Libya that has lots of gold and oil.

So Morgan has been shorting or selling silver they do not have to drive prices down. HSBC has been driving gold prices down by shorting gold. So you say these guys aren’t doing a very good job. A one ounce gold coin on EBAY will cost at least $1,560 and American pre 1965 silver coins are 28 times face value so all I have to pay is 28 dollars for 4 silver quarters that are only 90% silver and weigh less than a fifth of an ounce. But, if the Treasury and the Federal Reserve did not spend billions of dollars covering the losses of Morgan and HSBC, silver would double over night and gold would go right past $2,000 an ounce. That is what this next video is about.

There is a lot of paper silver that white people have been willing to hold instead of bullion. I have news for you. Chinese people are not white. The Chinese farmer will not bury paper silver certificate promises of redemption in either New York or London. He will only bury bullion. Likewise Chinese merchants will only buy bullion. They see their paper currency purchasing power declining 10% a year. In the past a Chinese worker would walk into a shop in well worn clothes with a satchel containing 3,000 dollars in cash. Now he can go to the Agricultural bank and buy silver so he does not have to lose 300 dollars a year due to the inflation of the yuan in his satchel. If only 28,000,000 Chinese people and none the the 2 million affiliated corporations bought just one ounce of silver each there will be no silver bullion left in the New York COMEX or the London LBMA.

That means that the Federal Reserve and the US Treasury will no longer be able to drive down bullion prices by shorting paper silver because they will have none in their vaults. Ben Bernanke wrote a paper almost 30 years ago proving that the Federal Reserve could not continue to keep the value of the dollar up if the price of gold were not manipulated.

If either the COMEX or the LBMA crash, then the dollar, the pound the euro and all currencies and markets will crash. We are talking about a crash far worse than 1929.

If you are a silver investor and decide to watch the last of today’s videos, please pay attention to what they say about SLV. I disagree with their interpretation of the paper to silver ratio because I use weekly COMEX paper sales (4 billion ounces) versus daily bullion inventories of 28 million ounces. There is no way they can replace that much bullion in a day or a week or even in a month for that matter. Also pay attention to the article they discuss entitled Silver It’s All About Inventories.

About horse237

I have decided to share two of the visions I had as a child. When I was eight, I had a vision of a future war that killed 99.5% of the world's population. When I was 16 and living in the projects, I had a vision of my future. I was to live in complete obscurity until it came time to stop WW III. When I was about ten, I had read a bio of Nikita Khrushchev which said he survived Stalin by playing the bumbling fool an old Russian peasant trick. I decided to do the same as I had already learned that we did not live in a democracy. The other vision I had when I was in third grade was of the Mind of God and how it interacted in the creation of the world we see. I believe you and I were born at this time precisely so we would have an opportunity to stop this war. As for my personal info, I grew up on military bases and in housing projects. My legs atrophied from starvation as a child. My second step-father died in prison. I used to have to rub my skin to simulate human contact. They did not feed me when I was a child. I do not fight in their wars as an adult.
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3 Responses to Videos: Federal Criminal News Alert

  1. Pingback: Latest News 11 Jul 2011 | The Aussie Digger Home of all Australian Veterans and ex Service members

  2. Howard T. Lewis III says:

    I was walking down the parkway in D.C. when a Johnny Walker blue label empty with a message written inside flew by and smashed on the pavement at my feet. The source of the missle was a limo that sped away. After cursing the limo, I read the note. It said,”Stop me before I spend more.”

  3. Pingback: Videos: Federal Criminal News Alert « THE INTERNET POST

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