The Bell Tolls For Thee, Dollar
Wednesday, July 13, 2011 at 7:58PM What an incredible day. I spent most of my day overlooking the beach in southern Mexico and so I was unaware of the buzz of activity that was going on worldwide. Around sundown, as I do most evenings, I then made my way to my office, Starbucks, and took my place in my usual seat, the red comfortable chair with armrests and began to scroll through the news of the day via the last free place on earth, the internet. And what a day it was!
I started by watching this interview with US Treasury Secretary, Timothy Geitner, on Meet the Press.
Timothy is hard to watch. He is a deviant, lying sociopath and he begins with a cartoonish explanation of his economic analysis of the last 3 years. Making a motion of a plane nosediving - all but missing him actually making the bbbbrrrrrrrrr noise with his mouth - he stated, "The... the.. the American economy," he stammered, "was faaalllllling off a cliff in the fall of '08."
Any ideas why that happened Timmy? I thought that is why we have the Federal Reserve and the phone book size list of financial rules and regulations, to avoid market panics, no?
He then goes on to state, "(Obama) put in place THE most creative, THE most forceful set of economic measures we have ever done as a country."
Is that what creates good economies Tim? Creative central planning? Maybe we should get someone even more creative to design these plans if that's what it takes. Lady Gaga, maybe? She's pretty creative with all those funny hats.
He then goes on to say a string of words that can only be described as hallucinogenic, stating how well the economy has done and how good the job market has been since then!
He then states that the problem with the economy is just an unwillingness to legislate things that can help. Yes, we need MORE government involvement and legislation, that's what we need! He even gave an example of something that could be legislated to help, stating, "If we can find ways to help rebuild America, we can put more people back to work."
Yes, if only we could find ways to rebuild America! Sadly, America died somewhere between the time the Federal Reserve was founded and an income tax enacted and FDR's "New Deal" and LBJ's "Great Society". What we have now is an animated corpse with a President that no one has any recollection of ever seeing prior to his ascendancy who reads platitudes off of pre-scripted teleprompters like Max Headroom to the adderall and prozac lobotomized masses.
He did conclude with one truthful statement, however, saying, "I think for a lot of people (this is going to be) very hard, harder than anything they've experienced in their lifetime for a long time to come."
Meanwhile, Ben Bernanke was meeting in front of Congress and stated that "the economy is growing more slowly and the central bank stands ready with more accomodative measures". The free markets, what's left of them, went to work immediately, setting fire to the dollar like the busted out old jalopy that it is. The dollar was in freefall against most currencies and gold flew to a new all-time high of $1,593.30, up nearly $30 on the day.
As much as we despise Ben for being the figurehead under which the financial elite rape, pillage and impoverish the planet, our gold-endowed portfolio couldn't have picked a better Keynes-head to be in charge of US monetary policy.
Ben then got lambasted by Ron Paul who asked him if he watches gold. Ben said he did - his voice quivering like a schoolgirl - before he was cut-off by Ron Paul repeatedly, a very nice thing to see. There is no need to be overly polite to thieves and criminals.
Paul then asked a few questions that left Bernanke quite stumped, including the final one, "Why doesn't the Federal Reserve hold diamonds (instead of gold) if gold isn't money?".
Ben stood silent for a few awkward seconds before shrugging his shoulders, "Well, it's a tradition."
It's a tradition? Yeesh. Holding anything else as reserves for tradition Ben? Perhaps some of those Russian matryoshka dolls? They're fun.
While Ben B. was being roasted, Vladimir Putin, a sick individual in his own right, also laid on the attacks on the Federal Reserve, calling them "a bunch of hooligans" because of their extreme money printing. You must be doing something when a KGB hitman and Stalin loving psychopath thinks you are a hooligan!
Meanwhile, in another part of Washington, the fight over the debt ceiling reached extreme levels with Barack Obama getting visibly angry with Republican Majority leader, Eric Cantor. Cantor, by the way, owns one of our holdings - the Proshares UltraShort Treasuries (NYSE:TBT). Some may see Cantor being short Treasury Bonds as a slight conflict of interest, given his position in negotiating the raising of the debt ceiling - but no one seems to care much about integrity in D.C. (District of Criminals).
The funniest part of today's debate about whether to admit bankruptcy today or to forestall admitting bankruptcy a few months into the future, was when Barack Obama stormed out of the meeting after angrily stating, "Don't call my bluff!"
Obama appears to know about as much about poker as he knows about the financial affairs of the US Government. The statement itself makes no sense. Does he mean he was bluffing? If so, in poker, if someone is bluffing, the thing you want to do is call it. You might say, "Call my bluff", to state that you are going to prove you aren't bluffing... but to say "don't call my bluff" makes no sense from any perspective.
Obama just doesn't make any sense when he's not connected to his teleprompters! Someone get him plugged back in, please.
Still not to be finished for the day, Moody's then warned that US Government debt was close to being downgraded. This was yet another nail in the dollar coffin. The funny part is that they said they may downgrade it from AAA to AA. Earth to Moody's: If the US Government doesn't raise the debt ceiling they will have to default on their debt obligations... in other words, if they are going to downgrade it they shouldn't downgrade from AAA to AA, it should be from AAA to the lowest rating they have, C - denoting bonds that are in default and a new term for the US Treasury Bond should be created in their honor - Super Junk Bonds works.
Ah well, who listens to Moody's anymore anyway?
All in all it was a crazy day... and I didn't even mention Europe, which is on the brink of the abyss as well.
We stand on the precipice of The End Of The Monetary System As We Know It (TEOTMSAWKI) and today is proof of that. Dozens of countries are evolving - not devolving - into revolutions, mostly caused by this non-free-market fiat money financial system. The European Union stands on the brink of collapse. And today the Federal Reserve was under attack more than at any other time in history while the US Government is straining under the weight of debts too large to ever be payable.
Indeed the bell tolls for thee, the US dollar based financial system, the central banks and the modern day version of tax farms - the State. And, good riddance.
Reader Comments (15)
I agree with you the extent to which Hussein Barak's finacial point man is a moron and liar.
All in this regime are thus defined. Yet you cannot simply point to good evidence that they
took down the Twin Towers yourself; You have to resort to point to some 2-hour movie for
people to watch to "explain" your supposition. That - when these morons can't help but
trip up over their own words time and time again! Does that not say something about the
moronic conspiracy you harbor in your wild imaginatory mind? Don't you think you're
pushing that nonsense just to justify anything that will make you, the outsider, so much more
bright than the poor souls who still live on the inside?
Hi Frank, I assume you are talking about my contention that 9/11 was not conducted by a man that no one has seen in more than one decade who the US Government says attacked the US a year ago from caves in Pakistan and who have never stated, through the FBI or any Govt agency, that bin Laden was culpable for? That the only 'evidence' was one grainy video of a man they say they found on a VHS tape in Islamabad in an abandoned house who was obviously not bin Laden after the real Osama, numerous times, said he did not have anything to do with 9/11? I have stated my views on this many times.. I will state them again if need be.. I only point people to the excellent documentary, Loose Change, to show the hundreds of impossibilities of that day that NO ONE asks any questions about. If you are angry that the world you think you live in might not exist you should spend some time by yourself and figure out your own problems... ALL of the evidence of that day, if you do the smallest amount of research, points to, at minimum, some govt involvement in 9/11... OBVIOUSLY it is not the puppets like Bush Jr, Obama, Geithner and Bernanke that had ANYTHING to do with it... these are all puppets... it was the Rothschilds, Rockefellers and their stooges, the Rumsfelds, Wolfowitzes, Cheneys and their like who did it in the shadow Govt who actually controls the US Govt. To have done 10 years of research, like I have, and not to believe the things shouted at you from your nightly news channel, and you would know what is more likely to be the truth. I don't know exactly what happened... what I do know is what they said happened is impossible. No building has ever collapsed from fire or a plane crash. Building 7 wasn't hit by anything, it had a small fire and it collapsed into its own footprint after its owner said to "pull it", the pentagon had a small cruise missile size whole and has witnesses who saw a plane fly over and then heard a bomb go off at the pentagon - the most secure building in the world - yet not one security camera saw a plane hit it... What is the real conspiracy? And who is moronic? I am asking legitimate questions. Get back to me when you have the answers.
Frank,
If the Official Conspiracy as given by the US government about 9/11 sits well with you, you're either a willful fucking idiot or just incredibly intellectually lazy. There's more holes to their story than there are assholes in this country.
There are just way too many coincidences that day. The whole thing just reeks inside job. Everything from the massive insider put options on the WTC firms and airlines to the presence of military grade thermite in the buildings to the War Games on 9/11 to the suspension of the laws of physics with the building implosions.
9/11 was an inside job. Deal with it. Or don't. I don't care.
Agreed, Jeremy! The onus is not on us... the onus is on those who believe the official story to tell us how any of it is possible! That is the biggest make-believe story in the history of mankind.
i just have to wonder whether the overlords in Beijing are either $hitting their pants or smiling like Buddha over this "western" financial fiasco-in-the-works.
Hey, I thought this was about the willful collapse of the dollar. Fits nicely into the globalist puppet Obama plan to scorch the land and free America from freedom. The world is marveling at our zombie mentality.
I worked on the NYSE floor for 13 years starting in 1995. On the morning of 9/11 I was slightly early for work so I went over to my favorite deli "CHAMPS" on Rector st. to get an egg sandwich and eat outside because it was so damn gorgeous that morning. As I was munching away I heard the first plane hit. Everyone around me thought it was a military jet or helicopter that hit the building. I thought that was kind of stupid because the conditions outside were 100% perfect. As I sat there in shock talking to others who were standing around in awe, the other plane came in and smacked into the building! Now we knew it wasnt some random helicopter crash or military jet. It was an attack of some kind. So, I panicked and ran into the closest store, which happened to be a small deli/pizzeria right next to the Trade Center. As we watched the news in horror for awhile we started to hear massive explosions, within 2 minutes the buildings started to collapse. At that point I thought I would die and be disintegrated. The air outside turned white and you couldnt see outside the store. Everyone was fucking freaking out including me. For over FIVE HOURS I sat behind a galaga video game machine thinking my life was over soon. Eventually I got the balls and so did the guy who was freaking with me and we covered our mouths and nose and ventured into the abyss. I walked from Wall St. to Flatbush Ave Brooklyn got on a train and eventually made it home.
So, whats the point? The point is I heard the FUCKING MASSIVE BLASTS that took down the towers. It wasn't natural. Those buildings were imploded by bombs planted inside. I heard the fucking blasts FRANK. 9/11 WAS AN INSIDE JOB 100%. Explain building #7 Frank, imploding into its own footprint even though it was never hit by anything? ANYONE who is foolish enough to believe the Govts story about 9/11 is a complete moron/sheep/asshole/prick/asswipe. WAKE THE FUCK UP. TDV is the best, most educated newsletter money can buy. Thank you for everything Mr.Berwick.
Wow, Ralph, what an experience. It's good to hear more witness accounts of the blasts prior to the implosion. Thank you for sharing!
Jeff,
Your logic is flawless as usual, but you've got to diagnose more carefully.
Mr. Geithner and Mr. Bernanke have delusional disorder. They are not psychopaths.
However, you have diagnosed Mr. Putin correctly (I am not joking!).
In fact, to be serious, the personality disorders of our Western leaders are more in the narcissistic camp (DSK excepted, he may well be a psychopath, innocent or not). There is no shortage of psychopaths in leadership around the world, and you are correct that Russia has had few leaders who aren't, and I'd go the same with the communist world generally (Mao, Chavez, Castro, et al.). The psychopaths are attracted to the lies of communism like a moth to a flame.....
Hi Laurence, great comments... Now that I think about it, yes, delusional probably better describes them... Bernanke for sure. Need a psychology degree to figure out all these politicians and bureaucrats :P
Ralph, the two blasts you heard are what prove the "inside job" for you?
In these huge complexes, weren't there enough incendiary hazards that the burning jet fuel could have ignited?
Jeff, you suffer a phobia. According to you, nobody in the government can ever do anything right - even by accident! You are just what the Arabs/Moslems would order!
to Ralph, who creates an urge to 'ralph' on my keyboard, your foul language tells me you have no vocabulary self control. This reduces your credibility to that of a 2 yr old child, ranting because they want to go to McDonalds, another noise to be ignored.
When fire finds an ignitable source, as Frank pointed out it will explode, and sound just like any other combustible explosion.
Same goes to the brainless pukes who think the plane that hit the Pentagon was a guided missile.
I was a contractor for the Pentagon during those years before during and several thereafter and spoke with many co-workers who were on site THAT day. Some walking across the parking lot to their work area as the JUMBO JET flew in front of them.
GET OVER IT. THIS was terrorism, not treason
So what if there were extra blasts? That no more proves it was an inside job than it does that the terrorists were well-coordinated in having explosives in the towers as an extra back-up plan to assure the towers of going down. IF those extra blasts were caused by something other than the planes hitting, it still does not prove it was an inside job. I'm one who is open to some conspiracy theories, but this one is still full of conjecture and and speculation with no real facts.
Just my opinion on bernanks comments about gold not being money. [his name dosent deserve a capital]If bernank does not consider gold money, it's completely understandible. Any person that seriously considers federal reserve notes or any fiat currency as true money couldn't possibly consider gold, or any other other tangible thing with intrinsic value as money. It looks like he finally did tell the truth for once.
Hey Yogi, FUCK YOURSELF!