To Form Reginal Currency Blocks

In this first part of the Q&A, a certain Paul Jay discusses how the worldwide economic mess will impact old Europe with author & political economist William Engdahl.
Engdahl points out that Italy is experiencing the worst "Wirtschaftskrise" it has seen in 30 years, and Great Britain is “falling off a cliff” but the European situation is supposedly “differentiated,” that “it’s a little bit different from what’s going on in North America, especially in the US of A.”
In Europe, he explains, “it is more an indirect knock-on effect of the United States financial meltdown.” And the question now is whether the EU is going to try and decouple its dependency on the US dollar and begin to form regional currency blocks like many nations around the world are starting to do.

Two years recession, or ten years of hell?

Certainly looks like Obama chose the latter outcome: At least 10 years of Japanese-style fake hell.

What they want

"We're seeing a society that not only has a lot more people of low IQ, but a lot fewer people of higher IQ. In other words, a dumbing down -- a chemical dumbing down of society. So everyone is just sort of mediocre. That leaves them dependent on government ... because they can't excel. We have these people of lower IQ who are totally dependent. Then we have this mass of [sheople] who are going to believe anything they're told because they can't really think clearly, and very few people of very high IQ, who have good cognitive function, who can figure this all out -- and that's what they want." ~[Whose quote?]

Dollar's GATA go!

GATA GOES TO WASHINGTON: HAS ANBODY SEEN OUR GOLD?
PUTTING IT ALL TOGETHER AND THE WAY FORWARD
By Adrian Douglas

I attended the GATA third International conference held in Washington, April 17-19, 2008. There was a very impressive, star-studded cast of presenters who made presentations on the conference theme from very varied perspectives. In reflecting on everything I had heard during the two days it suddenly occurred to me how all these different viewpoints and perspectives could be integrated in a single, all encompassing way forward for GATA, which I would like to share with you.

There were several presentations which categorically demonstrated the gold market, and many other markets, are manipulated by the Central banks, their governments and their agents. [...] Edwin Viera presented the perspective of gold as money versus paper currency from a Constitutional law point of view. He warned of the Establishment doing everything possible to continue to steal from its citizens through fiat currency creation by, among other things, introducing a substitute paper currency such as
the Amero, and forging political and monetary union with Mexico and Canada
when the death of the present US dollar appears certain. This grim prospect would mean that not only would the Constitution continue to be violated but the Declaration of Independence too! He warned that in a country where 90 million citizens are armed destitution through inflation will not be taken sitting down!

Read the whole article at MarketForceAnalysis.com (pdf file)

Fed up with the Fed

Centrally planning the ENDGAME

The war on honest money

Most of you, as American citizens, are being robbed blind. [...] What is the root of the problem? Our money and the people who print and “manage” it do so for their own interests only. This system of money was designed to take from the unsuspecting. [...] The epicenter of current worldwide financial stress is the United States, but citizens around the globe are subject to similar abuses. There is no honest money to be found anywhere you look. The Liberty Dollar, an honest money endeavor, was just shut down by the U.S. government. [...] Honest and sound money protects the middle class, savers, and those on fixed incomes. These are the folks most in jeopardy during our present banking and monetary crisis. (by Dr. Russell McDougal)



Bilderberger Daily (aka The Washington Post) reports:

The lack of confidence that many Paul supporters have in U.S. currency may well be one reason why they are sending so many of their greenbacks to Paul's campaign, and thereby making his outsider libertarian bid for the Republican presidential nomination a force to be reckoned with. For sound-money supporters who fear a coming collapse in the value of the dollar, it makes eminent sense to send a few hundred dollars to the one candidate who is arguing for a monetary revolution, instead of simply watching that money rapidly crumble in value. [...] Norfed, which is based in Evansville, Ind., says that in the last decade it has put into circulation more than $20 million in "Liberty Dollars," metal medallions and paper certificates that it says are backed by silver and gold stored in Idaho. The group's founder and director, Bernard von NotHaus, says that federal agents seized more than 50,000 copper "Ron Paul Dollars" that the group was selling for $1, in addition to smaller amounts of silver Ron Paul Dollars that sold for $20, gold ones that went for $1,000 and platinum ones that went for $2,000.

The hyperinflated United Goldilocks Matrix

Inflation is over 11% and government expects us to believe we have the lowest inflation in 50 years. They are not even believable liars. If you remember our government and those on Wall Street and CNBC told us over and over that we had reached the bottom of the real estate market. Now they tell us we may have a little farther to go in what will be the worst correction since the 1930s. Our economy has an inflation problem and the only resilience we see is the result of massive amounts of money and credit being injected into the economy. That is the result of a 15% increase in money and credit and a wide open discount window. This is how economic growth is being manufactured and the result is hyperinflation. [...] The Fed doesn’t care about inflation - they just lie about it. They have abandoned the dollar, so we see a good chance of another ¼% rate cut on December 11th. [...] The financial blood will flow for sometime to come. Again, this is lots of ammunition for the Fed to lower rates. At 4-1/2% presently they could drop another point to 3-1/2%. Considering all the other problems we could see the dollar at 50 on the USDX. The credit crisis will last years, not months. [...] Nobody believes our government or Wall Street any more, and gold will now forge higher no matter what machinations the cartel throws at it. The pros can now see where this is all headed as the terrifying and inexorable march to financial oblivion continues unabated in the United Goldilocks Matrix, where some people are starting to wake up from their slumber in their cartel-created pods to a nightmare beyond their wildest imagination! Precious metals and their related assets are now the only place to be, so take your positions immediately or face utter financial annihilation.

~Bob Chapman, International Forecaster

Austrian School of Common Sense

The Crack Up Boom

Ludwig von Mises (1881-1973 ) was a notable and highly respected economist and a major influence on the modern libertarian movement. He has been called the "uncontested dean of the Austrian School of economics". The Ludwig von Mises Institute is named after him. The Ludwig von Mises Institute is a libertarian academic organization engaged in research and scholarship in the fields of economics, philosophy and political economy. It generally advances a view of government and economics expressed by Ludwig von Mises. The Institute is funded entirely through private donations and does not consider itself a traditional think tank. While it has working relationships with individuals such as U.S. Representative Ron Paul and organizations, it does not seek to implement public policy and has no formal affiliation with any political party (including the Libertarian Party), nor does it receive funding from any. The Institute also has a formal policy of not accepting contract work from corporations or other organizations.

Von Mises believed that significant credit expansion created business cycles. He continually warned of the dangers in inflation which can lead to hyperinflation and of the importance of governments and central banks not resorting to massive credit creation and the printing presses in order to prolong an artificially induced economic boom.

"The course of a progressing inflation is this: At the beginning the inflow of additional money makes the prices of some commodities and services rise; other prices rise later. The price rise affects the various commodities and services, as has been shown, at different dates and to a different extent. This first stage of the inflationary process may last for many years. While it lasts, the prices of many goods and services are not yet adjusted to the altered money relation. There are still people in the country who have not yet become aware of the fact that they are confronted with a price revolution which will finally result in a considerable rise of all prices, although the extent of this rise will not be the same in the various commodities and services. These people still believe that prices one day will drop. Waiting for this day, they restrict their purchases and concomitantly increase their cash holdings. As long as such ideas are still held by public opinion, it is not yet too late for the government to abandon its inflationary policy.

But then finally the masses wake up. They become suddenly aware of the fact that inflation is a deliberate policy and will go on endlessly. A breakdown occurs. The crack-up boom appears. Everybody is anxious to swap his money against "real" goods, no matter whether he needs them or not, no matter how much money he has to pay for them. Within a very short time, within a few weeks or even days, the things that are used as money are no longer used as media of exchange. They become scrap paper. Nobody wants to give away anything against them. It was this that happened with the Continental currency in America in 1781, with the French mandats territoriaux in 1796, and with the German Mark in 1923. It happened with the dollar in 1973. It will happen again whenever the same conditions appear. If a thing has to be used as a medium of exchange, public opinion must not believe that the quantity of this thing will increase beyond all bounds. Inflation is a policy that cannot last."

Ludwig von Mises, The Theory of Money and Credit

Source: Gold Investments Market Update