- You have to hand it to Mr. Magoo. I'll give him an 'A'
for chutzpah, that's for sure. The man is nothing but a common criminal
of the white collar type. I openly and publicly call the FED chief a traitor,
a coward and a common white collar criminal. The system is beyond accountability
and I have a bad feeling this will end in blood. "Strike for Liberty
and Honor" was the battle cry of our Revolutionary War, the Irish
and also Bonnie Prince Charlie's cry at Culloden. Our criminal leaders
have to go to jail on treason charges and there is no beating around the
bush, pun intended.
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- Alan Greenspan did conspire, manipulate and commit "high
crimes and felonies" by forcing state pension funds to bail out the
stock market on July 24th, 2002. Quite honestly, for this alone Mr. Greenspan
should be tried and executed for treason. In fact, what's left of America
is headed towards a racial, economic and cultural civil war. The system
is collapsing a little more every day. As for Mr. Magoo, he used his position
to jawbone the pension funds to reverse the nearly 20% freefall in both
Citibank and JP Morgan stock. Each one point of the DOW represents around
one billion United States fiat dollars. The 1000 point swing since late
July represents a staggering ONE TRILLION dollars of investment, or mal
investment. Even the mainstream press admitted that the "little guy"
sat this one out and the money came from pension funds, insurance companies
and the like. In other words, the FED had the system bail out the system.
Talk about economic incest. What the FED did is to loot the retirement
plans of public employees. The government has already looted the private
retirement plan called Social Security. The looting is done. The money
is gone. What cynical, arrogant whores these people are. Common criminals
posing as upholders of the law.
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- The FED is a private banking corporation that sets the
economic policy for the people of the United States. I call that treason
and worthy of death or exile for the oligarchic elite that has been destroying
America since 1860. I think the United States was a Republic until 1860;
then began a transition period until 1912 and 1913 with the FED and the
Income Tax. We are now in the final phase. I guess you could call me a
revolutionary seeking to restore the Republic. The bankers and the elite
has already overthrown the true government. Here at gold-eagle.com we are
all not so much revolutionaries as restorers. How can you overthrow the
government when the current government has already overthrown it? And frankly,
I think we are all getting pissed off about these usurpers posing as patriots.
Our leaders are arrogant oligarchs bleeding the common people dry for their
own purposes. And it will soon stop, one way or another.
-
- As for the current economic situation, it is almost beyond
comprehension. The disconnect between economic reality and the true economic
reality is getting narrower every passing day. We were told there was no
recession and then there was but it ended quickly. Now we are told we are
in recovery, except the recession never ended. There is no double dip;
there is only the death spiral. A wave of corporate bankruptcies has been
happening since 2000. A wave of personal bankruptcies has been happening
since 2000. June durable goods orders were down nearly 4% from May. I find
it fascinating that the same court economists who ignored nearly two years
of manufacturing declines, were so pleased with a few months of "reported
increases." If two years of declines were ignored; then, why would
any increase matter at all? These court jester economists are pathetic.
We now see in July and August that retail sales are stagnating. The back
to school season was a bust. Car sales are only being fueled by zero percent
financing. I guess the novel idea you have to make money on cars is beyond
the Big Three. In another essay I commented about the heavy debt loads,
the pension fund liabilities and the need to generate cash flow to deal
with this. How can the stock market avoid collapse when companies aren't
profitable, can't service their debt and have cooked the books? It can't.
Add to that the fact the foreigners have figured all this out and are starting
to bail out of both the stock market and the dollar. You don't have to
be a rocket scientist to figure out the logical result. It helps to be
a doomer of course.
-
- President Pretzel gave his speech on corporate accountability
and the markets tanked. Mr. Greenspan gave his little speech and the markets
tanked. Vice President Cheesy gave his little sound bite on corporate responsibility
and nobody even noticed. The President should go to jail for his actions
at Harken energy. The Vice President should go to jail for his corruption
at Haliburton. And Mr. Magoo should go to jail for his destruction of the
retirement hopes of millions of Americans. I believe Vice President Cheesy
will be impeached after the corrupt democrats retake the Senate and House
in November. Mr. Magoo will eventually be allowed to crawl off and rot
somewhere. Sir Greenspan the criminal has been recognized for his economic
contributions to our age. Do they mean a culture of business and political
corruption? Or how about the stock and housing bubbles? Perhaps they mean
Mr. Magoo's manipulation of the stock and gold markets. Yeah, Mr. Magoo
sure has made major contributions to our age. As for President Pretzel,
he's in a class all by himself. Our very own wannabe führer, along
with his police state. The economy is going to hell rapidly. The retail
sales show the sheeple have figured it out. It's wag the dog time. If Bush
is stupid enough to actually invade Iraq, a chain reaction of events will
bring the end of our age. All in the next five years or so. Enjoy yourself
and live each day to the fullest.
-
- I spent the last weekend at the local Italian festival
eating good food and enjoying myself. Except for the riot when Bush came
to Portland you could almost think things were normal. That's the key:
maintain the illusion of normalcy as long as you can. Won't work though.
It's too late for the illusion to maintain its power. That's my basic message:
the illusion is over and now reality is rearing its ugly head. The sheeple
sense it. The sheeple are spooked. The wolves are circling the flock. It's
only a matter of time before the screams start. Are you mentally prepared
to deal with it? I hope so. I really do because destiny waits for no man
or woman. And destiny, dear reader is now upon us. What we do with it is
up to us. We are the captains of our fate and the masters of our own souls.
The buck stops with us, individually and collectively. I hope the American
people and the people of planet earth are up to the challenges facing us.
If not, we will have a dark age. I believe we still have a choice. We will
have to give up our illusions and take hold of the new unpleasant reality
with both hands. If we do that, we have a chance to create a better system
than the current farce. One's thing for sure, our leaders will have to
go.
-
- "Therefore, by objective standards, the leading
managers of the U.S. economy...are collectively, clinically insane."
--Lyndon LaRouche
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- http://www.gold-eagle.com/gold_digest_02/mcintosh082902pv.html
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