Tuesday, September 30, 2008

WHAT REALLY HAPPENED TODAY 9-29-08 By Michael Ruppert

Sept. 29, 2008

Act II From The Wilderness' Peak Oil Blog

by Michael C. Ruppert

For years I have told you exactly what was going to happen and it has. Today's economic meltdown, with the Dow dropping 777 points and $1.2 trillion in equity lost is no exception. In our second FTW Economic Alert back in 2002 I predicted a market crash that saw $1 trillion in shareholder equity lost in the following three months. -- $1.2 trillion was destroyed just today. That and much more.

In FTW's fourth and last Economic Alert(http://www.fromthewilderness.com/free/ww3/061406_abyss_awaits.shtml)-- just 11 days before our offices were burglarized on June 25, 2006-- I specifically warned that this day (metaphorically speaking) would come. What prompted that alert was an unprecedented move by President George W. Bush to give the National Director of Intelligence, John Negroponte, the authority to exempt "certain" Wall Street firms and banking giants from reporting their financial records to the Securities and Exchange Commission. It was this move which permitted everything that has happened over the last month. That move allowed smaller banks and investors to continue buying pigs (without lipstick) in a poke while average Americans were led to believe that everything was OK. If you don't believe me, go read the Economic Alert for yourself. It's all right there -- everything.

And if you had followed every piece of advice I gave in that warning-- two years ago -- today's events would have made you money. They would have strengthened your family. They would have made you immune to the panic that today touched American public consciousness.

Gold is likely to explode in price in short order. $2,000 an ounce is possible within six months.

Since 2003 I have told my readers that the destruction of the U.S.economy was planned, essential and a foregone conclusion. It has to do with Peak Oil. There is no economy without energy. The world is running out of oil faster than almost anyone had predicted. Even previously optimistic opponents of Peak Oil have acknowledged that global decline is now between 5.8% and 9% per year. That means that if the world produces 85 million barrels per day this year, it will possibly produce less than 80 Mbpd next year. Demand destruction is conserving a resource for which there is no replacement and this is what has always been intended. An $8 drop in price today has done nothing to reignite demand. The United States, with 5% of the world's population using a quarter of the world's oil, was/is the ONLY point of demand destruction available that will save human industrialized civilization. I have said that consistently for many years. I told you that the real Powers That Be had gotten or would get their money out and safe before they crashed everything. They did... It was your money. It was our money.

Those who read FTW for years know that time after time, and year after year my predictions have been proven correct. The United States economy is being deliberately destroyed. The fact that it was Republican House members who blocked the bailout today confirms that they are helping the Bush Administration complete its last mission before leaving office: the complete destruction of the American economy and the financial crippling of the American people. I believe the intent is, and has been, to leave a newcomer African-American president with an economy on life support which will expire early in his watch. Every Obama campaign ad that now promises to "turn the economy around" only tightens the noose around his neck. The subconscious "Jerome Corsi" message is, "Blame the blacks" next year when you get it that the Great Depression was a picnic compared to what is coming.

This is now the fast crash scenario. It is further complicated by two things.

First; today's failure coincidentally occurred at the beginning of Rash Hashana. I am not suggesting that Jewish members of congress had any part of this. It would not be, however, the first time that great crimes have been committed and subsequently blamed on Jews. The subconscious "Jerome Corsi" message is "Blame the Jews". Congress will now not reconvene until Thursday, October 7. Seeing the meltdown and collapse of the U.S. financial system, and the failure of the U.S. government, a two-day congressional stand down will give other nations time to realign and adjust their finances before it is possible to see another House vote. In my opinion foreign economies will been energetically disengaging from the U.S. economy and the dollar in tranches as big as possible without totally destroying the value of their holdings. During that time, with the markets open, giants like Citigroup (not the only one) will be exposed. They have been counting on the bailout. Citigroup may survive but others will not. The ones who do survive will ultimately be corporations that have been in on this plan. Goldman Sachs will most certainly survive. Berkshire Hathaway will undoubtedly survive.

Just a few days ago China ordered its banks to stop lending to U.S. banks.

Second; Venezuela, North Korea, Russia, rebels in Nigeria, and pirates off Somalia are becoming increasingly more aggressive. They do this not with the intent of physically attacking the United States itself, but with breaking its credibility and economic back. The U.S. has been humiliated in Georgia and North Korea is firing up its nuclear plants again. I have predicted this for years also and it is totally understandable given the belligerent, hostile and bullying foreign policy of the United States over the last eight years. I predict tha ton the geopolitical scene we are going to see (or not) some very serious realignments beginning over the next two weeks. They will be irreversible. The world is fragmenting along purely geographical lines. Yes, I predicted that too.


But it doesn't matter. I have broken an unspoken deal with the government to remain retired and not speak out. The legal harassments against me continue and I have just now crossed my own Rubicon. I am now preparing for physical attacks in the hopes that they do no toccur. You who know how right I have been can help protect me by speaking my name in public, by writing to media outlets, to Congress and telling them about "Crossing the Rubicon" and our incredible record at FTW.

Given that we predicted all of this, is it not reasonable to expect that someone might look to us and our work forsolutions? Isn't it reasonable to point others to the map we made? Isn't that the right thing to do? Given that everything I have predicted is coming true; given that we are witnessing the planned destruction of the U.S. economy; given that it was Republican members of congress who delayed the bailout bill...is it still so impossible to believe that Dick Cheney orchestrated and executed 9-11? They have almost handed off the carcass and evidence to a doomed Obama presidency. Oh yes, he'll win in a landslide... while the Bushes and their "base" will be laughing all the way to the bank. Please help protect me. Speak my name. Please help others. Point them to "Rubicon" and the FTW archives and teach them the map so they canfind their own paths through this.

It is a good day to die.

Michael C. Ruppert

"Fascism ought more properly be called corporatism because it is theperfect merger of power between the corporation and the state." --Benito Mussolini

Here is another piece of anecdotal evidence that the US government has no money, and the crash is here.

Medical professionals across the country have always had difficulty getting paid by Medicare for their services. Medicare is famous for creatively denying medical claims.

This year, Medicare has pulled a new one. Claiming that they are updating their computer systems (which they are---they are trying to electronically centralize medical information from across the country), they have forced medical practices to "re-register". Pending the processing of these new registrations, Medicare has frozen all payments. Medicare has offered no promises on how long "processing" takes.

Some practices have received NO PAYMENTS for almost one year, and 1. have not heard back from Medicare 2. have had their applications denied for no reason, or returned to them for new rounds of "processing", or 3. Medicare has "lost" the paperwork altogether.

Larry Chin (from Online Journal)

Midnight In The Garden Of Good And Evil Part 2:

City Wolves, short-selling and the Church of England

Some readers may be excited by the fact that Tory donors have sold some equities short during the recent financial crisis. That may seem like a gift to Labour during these perilous times.

But this is a time for cool heads. Bear in mind that the last high-minded group to attack short-sellers - the Church of England - was revealed as hypocritical last week when it emerged that its own investment arm uses similar practices.

Not only does the church lend stocks to short-sellers but…I quote…

As well as aiding shorting by lending stock, the church commissioners had £13m invested in Man Group, the biggest listed hedge fund manager, at the end of last year. The commissioners also sold a £135m mortgage portfolio last year, says their annual report, despite Dr Williams’ criticism of trading debts for profit.

“Through the Church of England pensions board, which manages another £847m, the church invested this year in a fund from Auriel Capital, a London hedge fund, which aims to make money from currency trading - including short selling currencies.”


Church Of England Admits Profiting From Short Selling

The Church of England has admitted it may have profited from the controversial practice of short selling on the stock market just a day after it was condemned by The Archbishop of York.

Managers of the Church's £5 billion investment portfolio have lent shares for a fee. It is possible they were used by traders to make profits by betting that the value of the stocks will fall.

Such trading in the shares of financial companies has been temporarily banned by the Financial Services Authority after it was blamed for driving down the share price of Halifax Bank of Scotland, which came close to collapse before it was taken over by Lloyds TSB last week.

The Archbishop of York, Dr John Sentamu, described short sellers as "bank robbers and asset strippers" earlier this week, while the Archbishop of Canterbury, Dr Rowan Williams, condemned the "basic unreality" of the global trade in debts.


Thursday, September 25, 2008

WAMU Seized By The Feds!

We Are In The Midnight Hour In The Garden Of Good And Evil

There's only a few things that interest me...work...and those
trappings of aristocracy
that I find worthwhile.
The very things they're forced to sell when the money runs out.
And it always runs out.
And then all they're left with...is their lovely manners. -
Kevin Spacey as Jim Williams from the movie
"Midnight In The Garden Of Good and Evil"

U.S. Government Seizes Washington Mutual

Friday, September 26, 2008

The U.S. government on Thursday made the largest bank seizure in American history, taking over Washington Mutual, the severely troubled savings and loan, and selling pieces of it to JPMorgan Chase in an emergency deal intended to avoid sticking the taxpayer with a bill for another bank, according to people briefed on the plan.

For weeks, the Federal Reserve and the Treasury Department had been nervous about the fate of WaMu, among the worst-hit by the housing crisis, and had pressed hard for the bank to sell itself. As panic gripped financial markets last week after the collapse of the investment bank Lehman Brothers, U.S. regulators stepped up their efforts, working behind the scenes, and at times going behind WaMu's back to work privately with potential bidders.

Too Catholic! For Me Says Chief Rabbi Of Rome

Senior Rabbi Pulls Out Of 140-Hour Bible Reading Session

The Chief Rabbi of Rome claims the televised event, which begins with the Pope reading Genesis, will be "too Catholic"

The chief Rabbi of Rome, Riccardo Di Segni, has pulled out of a planned marathon reading of the entire Bible on Italian television with Pope Benedict XVI next month on the grounds that the event is "too Catholic".

The reading, which will last 140 hours, will be broadcast on RAI, Italian state television, over six days and nights starting on October 5. It will open with the Pope reading from Genesis. The pontiff will be followed by 1,300 readers drawn not only from Christian ranks - including Protestant and Orthodox churches - but also from Rome's Muslim community.

However, Rabbi di Segni said "The Bible is not the same thing for Jews and for Christians. For us, it is the Old Testament, but not the New Testament". He said he also objected to the choice of venue, the Basilica of Santa Croce in Gerusalemme - one of the seven pilgrim churches of Rome - because it was where St Helena, mother of the Roman emperor Constantine, brought Christian relics such as fragments of the True Cross back from the Holy Land to underline the fact that the centre of the new religion - Christianity - was not Jerusalem but Rome.

There goes our Judeo-Christian roots. It's really not the same. I'm glad the Rabbi is being truthful, kind of - Johnny

Actually, this guy from Savannah USA comments with a little more honesty from
the Times article Pope Benedict XVI Selects Rabbi To speak To Roman Catholic Synod

"Actually the most sacred book to us Jews is the Talmud which provides guidance in reading the Torah" (emphasis on the Oral Traditions, not Moses' Written Law)

Joe Applebaum, Savannah, USA

Thanks Michael Hoffman for this lead, enjoying your book! - Johnny

Wednesday, September 24, 2008

Cynthia McKinney Ready To Step In For McCain At Friday’s Debate

Let's Get It On, I'm Ready To Debate Obama This Friday.

Go Cynthia!

September 24th, 2008 · 3 Comments

WASHINGTON, DC — Green Party presidential nominee Cynthia McKinney has offered to debate Barack Obama if John McCain’s opts out at this Friday’s presidential debate in Oxford, Mississippi, following the Republican nominee’s announcement that he is seeking a delay of the event.

“If John McCain wants to bow out, I’m willing to step in and take his podium on Friday,” said Cynthia McKinney.

“The financial meltdown won’t come any closer to a resolution because a presidential debate is postponed. Now is the best time for Americans to see how prepared their leaders are to handle emergencies, how they introduce fresh ideas and solutions for national problems, and whether they’re willing to stand up for the American people instead of Wall Street moguls and corporate interests,” Ms. McKinney added.

Click here for Independent Political Report article

Tuesday, September 23, 2008

Benedict Defends Wartime Pope

Pope Benedict XVI defended Pope Pius XII last week against critics who say the Vatican turned a blind eye to the Holocaust.
(Reuters/Tony Gentile)

September 22, 2008 | From theTrumpet.com

Pope Benedict xvi defended his World War ii-era predecessor last Thursday against critics who say the Vatican turned a blind eye to the Holocaust. Moreover, Benedict praised Pope Pius xii for being “courageous” in trying to save Jews.

“Wherever possible he spared no effort in intervening in their favor either directly or through instructions given to other individuals or to institutions of the Catholic Church,” Benedict said.

During the mid-1990s, author John Cornwell also set out to defend Pius’s reputation, believing if the full story were told, his “pontificate would be vindicated.” Accordingly, Cornwell applied for and was granted exclusive access to the Vatican’s archives. He concluded his research in 1997 in a state of what he called “moral shock.” The material he gathered about Pius, from the Vatican’s own library, “amounted not to an exoneration but to a wider indictment,” he wrote in his 1999 book, Hitler’s Pope.

Monday, September 22, 2008

Hitler Gets A Margin Call

Ultra-Orthodox Party Is Kingmaker In Israeli Election

The Holocaust Was God's Retribution Against The Reincarnated Souls Of Jewish Sinners, says Ultra Orthodox Former Chief Rabbi

In one speech, Yosef said the Old City of Jerusalem, home to shrines sacred to Judaism, Islam and Christianity, was "swarming" with Arabs "like ants."

"They should go to hell — and the Messiah shall speed them on their way," he said.

On another occasion, Yosef castigated then-Prime Minister Ariel Sharon's Gaza pullout, then implored: "May God strike him down."

Ultra-Orthodox Party Is Kingmaker in Israeli Election

Thursday, September 18, 2008

JERUSALEM — An ultra-Orthodox Jewish party run by an octogenarian rabbi who has said Hurricane Katrina was divine punishment emerged Thursday as the kingmaker in forming the next Israeli government.

Having won a fight to be leader of the ruling Kadima Party, Tzipi Livni now will likely need Shas as a partner to become prime minister. But Shas opposes any compromise on Jerusalem, and including it in a coalition could tie her hands in peace talks with the Palestinians.

Fox News article here

Sunday, September 21, 2008

The Global Economic Landscape Will Never Look The Same Again

From the Telegraph.co.uk
Hard times: central banks have acted to avoid a repeat of 1929

Financial Crisis: Default By The US Government Is No Longer Unthinkable

By Liam Halligan
Last Updated: 11:48am BST 21/09/2008
Page 1 of 2

Have your say Read comments

So, here we are - the start of a new world order. After the tumultuous events of the last fortnight, the global economic landscape will never look the same again.

Saturday, September 20, 2008

Amateur Catholic Doctorate Apologist Believes "Anti-Christian, Jewish Influence Has Infiltrated The Catholic Church At The Very Highest Levels."

Abraham Foxman, national director of the Anti-Defamation League, puzzled by Romans 9:4-5 insert into Cathecism

Catechism Edit 'Troubling,' Jewish Leaders Say

Deletion of Passage on Moses in Catholic Handbook Questioned

By Daniel Burke
Religion News Service
Saturday, September 13, 2008; Page B09

In catechisms, as in prisons, there are no insignificant sentences.

Every word of these handbooks is meant to clearly express the fundamentals of the faith. The Catholic Church, especially, places great emphasis on its catechism to help pass doctrine from one generation to the next.

So when 200 U.S. bishops voted this summer to delete a reference to the covenant between God and Moses in the "United States Catholic Catechism for Adults," some Jewish leaders were perplexed.

Washington Post article here

Jews Burn New Testaments In Israel: Book Burning Not Just For Nazi's

Orthodox Jewish Youths Burn New Testaments In Israel

The Associated Press
Published: May 20, 2008

JERUSALEM: Orthodox Jews set fire to hundreds of copies of the New Testament in the latest act of violence against Christian missionaries in the Holy Land.

Or Yehuda Deputy Mayor Uzi Aharon said missionaries recently entered a neighborhood in the predominantly religious town of 34,000 in central Israel, distributing hundreds of New Testaments and missionary material.

For entire article click here

Cynthia McKinney: Seize The Time

Seize the Time, An Essay by Cynthia McKinney

Learn -
McKinney Messages

Friday, 19 September 2008 19:09

Seize the Time!

An essay by Cynthia McKinney
September 19, 2008

We the people must now seize the time! We have always had the capability of determining our own destiny, but for various reasons, the people failed to elect the leaders who provided the correct political will. There was always some corporate or private special interest that stood in the way of the public good. And they always seemed to have the power of the purse to throw around and influence public opinion or our elected officials. The very foundation of the U.S. economy is crumbling underneath our feet. This represents a unique moment in U.S. history and we must now seize the time for self-determination--for health care, education, ecological wisdom, justice, and all the policies that will make a difference in the lives of the people including an end to all wars, including the drug war!

The crisis was staved off for a time for some of our major finance engines when they were able to obtain bridge funding from certain sovereign wealth funds. That option grows increasingly dim as The Federal Reserve is becoming the lender of last resort. This means that the people are becoming the owners of the primary instruments of U.S. capital and finance. This now means that the people have a say in how these instruments are to be used and what their priorities ought to be. The people should now have more say in how their tax dollars are spent and what the priorities of government and the public sector must be. We the people must now set our demands to ensure and promote the public good.

Now, as we ponder the importance of this moment to do good and serve the needs of the people, some politicians have already figured out their answer for us: win or steal the next election, prepare for more war, and leave it to others to try and figure out what to do next. While banks are failing all around us and the U.S. taxpayer is drenched with news of billion-dollar bailouts for *selected* companies, the Congress, which has utterly failed in its twin responsibilities of setting policy and Executive Branch oversight, plans to adjourn instead of setting new policies; lessening the impact of the economic freefall on innocent victims; or stopping war, expansion of war, new war, and occupation.

In a dizzying turn of recent events, we have all witnessed the collapse of Fannie Mae and Freddie Mac mortgage providers, investment banks Lehman Brothers and Bear Stearns, and insurer American International Group (AIG), and other companies. So far, at least eleven banks have filed for bankruptcy this year. The case of the AIG bailout is particularly curious as Merrill Lynch was denied taxpayer largesse. I wonder if AIG was the selected company for bailout because of its relationship to the U.S. intelligence community and what others would discover if AIG's books were opened in an audit. The last person to get close to AIG and its shady operations was Eliott Spitzer.

But some more fundamental issues must be explored here, relating to the underlying assumptions that have guided U.S. political and economic activity, particularly over the last eight years.

The Bush Administration's "anything goes, just don't get caught" attitude has set the tone for what we are witnessing today. To be sure these problems didn't start in January of 2001, but they sure were allowed to accelerate during the George W. Bush Administration. For example, what tone was set when the Administration shipped $12 billion to Paul Bremer's provisional government in Iraq in cash on wooden pallets for Iraq reconstruction? No wonder $9 billion of it was "lost." What I'm constantly reminded of is that the money didn't just vanish, somebody got it. Now it's up to us to find out who!

However, the Administration's blatant disregard for good governance, the rule of law, standards of moral and ethical conduct, and even etiquette, when coupled with a laissez-faire, "go-along-to-get-along" attitude from Congress meant that no holes were barred and no hands were on the deck--a sure prescription for disaster.

In my reading over the course of the last few years, I had to become somewhat conversant with the language of the new economy: bundled mortgages, securitization, SPEs, SIVs, derivatives. But in addition to the old concepts that always seemed to be with us--predatory lending, redlining, no affordable housing amid "the housing bubble,"-- it soon became clear that basically folks had figured out a way to make money off of a ticking time bomb. Kind of like prisons for profit. And even though the Enron scandal was supposed to have cleaned up a lot of this, unfortunately, even Fannie Mae and Freddie Mac regularly engaged in some of these practices and that's why you and I own them today. I believe it is true that the very foundations of the U.S. economy and conventional political behavior have been shaken. Now is not the time for business as usual. And although this is by no ways exhaustive, here are a few things that I think the Democratic-led Congress could work on now instead of adjourning:

1. enactment of a foreclosure moratorium now before the next phase of ARM interest rate increases take effect;

2. elimination of all ARM mortgages and their renegotiation into 30- or 40-year loans;

3. establishment of new mortgage lending practices to end predatory and discriminatory practices;

4. establishment of criteria and construction goals for affordable housing;

5. redefinition of credit and regulation of the credit industry so that discriminatory practices are completely eliminated;

6. full funding for initiatives that eliminate racial and ethnic disparities in home ownership;

7. recognition of shelter as a right according to the United Nations Declaration of Human Rights to which the U.S. is a signatory so that no one sleeps on U.S. streets;

8. full funding of a fund designed to cushion the job loss and provide for retraining of those at the bottom of the income scale as the economy transitions;

9. close all tax loopholes and repeal of the Bush tax cuts for the top 1% of income earners;

10. fairly tax corporations, denying federal subsidies to those who relocate jobs overseas repeal NAFTA.

And since the Congress plans to adjourn early and leave these problems to The Federal Reserve, The Federal Reserve should operate in the interests of the U.S. taxpayer and not the interests of the private, international bankers that it currently represents. This, of course means that The Federal Reserve, too, must undergo a fundamental ownership and mission change.

This crisis does not have to be treated as merely a "market correction," or the result of a few rotten apples in an otherwise pristine barrel. This crisis truly represents the opportunity to introduce fundamental changes in the way the U.S. economy and its political stewards operate. Responsible political leadership demands that the pain and suffering being experienced by the innocent today not be revisited upon them or the next generation tomorrow. But sadly, instead of affirmative action being taken in this direction, the Bush Administration ratchets up the drumbeat for war, Republican Party operatives busily remove duly-registered voters from the voter rolls, and our elected leaders in the Congress go home to campaign while leaving all of us to fend for ourselves. For the Administration and the Democrat-led Congress, I declare: MISSION UNACCOMPLISHED. For the public whose moment this is, I say: Power to the People!

Please visit www.runcynthiarun.org and read our platform. If you like it, please make a donation so we can spread the news and . . . seize the time!

From votetruth08.com

Thursday, September 18, 2008

A Fast Crash Now Is The Best Possible Outcome: Michael Ruppert Act II From The Wilderness


by Michael C. Ruppert

Wednesday, September 17, 2008, 7 P.M. PDT –

Let me paraphrase something I once saw George H.W. Bush say: "Everything I am; everything I have accomplished; and everything I hope to accomplish I owe to David Rockefeller." Today I saw some thing I never thought possible. I saw a Rothschild endorse a fundamentally Rockefeller candidate – John McCain. DNC Platform Committee Member Lynn Forester de Rothschild quit her post to endorse McCain as she also ended her longstanding role as a fundraiser for Hillary Clinton. The Clintons also have strong Rockefeller "lineage" so I'm guessing that Hillary understands the move perfectly with a wink and a nod.

I'll give you the punch line now, without making you read further.

If Rothschilds and Rockefellers are taking the same side it is because the entire economic paradigm is threatened. There is good reason to believe it. The Dow has lost almost 10% in just two days. The bailouts are lining up at the door before the Fed goes bankrupt; before our government goes bankrupt. Lehman was ten times bigger than Enron. AIG was much bigger than Lehman. Still to come are Washington Mutual, Goldman, J.P. Morgan, the automakers and the airlines, to name a few. Not all are going to be saved.

There is only one run on the bank taking place. This time it's the Federal Reserve and we know who will get screwed. The Fed and our Treasury are being looted at the one moment in time when we most need them to be full.

All of this has everything to do with Peak Oil. For those of you who have followed my work – and the work of everyone who was FTW – this is exactly what we said would happen, and were trying to prevent. The fact that we are going to have a fast crash now is the best possible outcome because it has given us a unique and perhaps fleeting moment –a window – to change things. There is plenty left to salvage.

There are other signs of a fast crash. For months now the prices of oil and gold have been ruthlessly suppressed. Oil reached $147 a barrel and broke demand so badly there was not even a dead cat bounce in demand at $100 a barrel. Energy is the economy. Money is useless without energy. There is no credit available to finance renewed demand and get some cash circulating. It is interesting to note that narcotics seizures are at all time highs. Cocaine shipments in the thousands of tons are being seized on almost a daily basis. That is taking enormous amounts of cash out of the system. There's just one problem with that cash. It must circulate through many hands to multiply before Wall Street gets it. That takes time and they don'thave time.

One would think that illegal drugs would be cheap now to lubricate the wheels of a nation in panic. But this is beyond that. Enron was in drugs. It operated several hundred subsidiaries in the Cayman Islands. Its bankruptcy was $63 billion. Lehman all by itself was $632 billion. The last time I estimated the total amount of cash generated by the drug trade it was only $600 billion a year. Lehman was just one bankruptcy. Add in Fannie and Freddie and Bear Stearns; soon Washington Mutual (which I suspect may be allowed to fail) plus all the rest – and anything the drug trade could do is vastly overwhelmed.

This is the derivatives bubble popping. That bubble is now in excess of $450 trillion dollars. I warned about it when I returned from Moscow in 2001 and again in our first-ever economic alert on September 9, 2001. There isn't enough cash in the world to cover the "monthly minimum payments" on $450 trillion. If I had to speculate, my guess would be that Wall Street wants people to pay their bills right now. All of Wall Street needs quick cash flow. That's what put AIG in a bind because AIG was so deeply connected to money laundering. That's how desperate they are; just as desperate as the United States is for energy. When people don't spend money on drugs they pay their bills instead, is the government's hope. The U.S. is now seizing a lot of drug cash and other properties through asset forfeiture. So my guess is that the U.S. government is acting like a drowning man.

If I had serious debts to major banks and credit companies now I would be seriously thinking about not paying them at all. I might decide to put my money into gold or things that might help me endure the crises that are coming. A lot of those walking carcasses won't be around soon and why should I give them money that may save my life? I am already in the right position. Although it was a monumental effort I did what I was begging people to do back in 2005. I got out of debt.

This is exactly what I spent all these years trying to warn people about.

What we are watching being taken away, right in front of our eyes, is the money – the wherewithal – to prepare for the now-certain energy shortages that are coming very quickly. Today gold saw its biggest one-day price jump ($70) in history. And it's still the best bargain in town… although CNBC won't tell you that.

Hurricanes Gustav and Ike were remembrances from the planet that there are some things the markets cannot control. This is what I warned about in New York in May of 2006 and I am not at all surprised by how sparse the reporting has been on oil and gas infrastructure damage since they struck. I am only seeing unsupported cliff notes. What is very clear is that the populations of Houston and Galveston are devastated and in dire need of help.

But there's a run on the Fed and their money's going out the door too.There is no victory until the paradigm is broken. Until we change the way money works, we change nothing. Right now, the entire economic paradigm of infinite growth is vulnerable, weak, and exposed. The dribble being offered by Obama and McCain only exposes the fact that everything is broken; that the system itself is the enemy.

Now, we who have labored so long and paid such prices to warn have a real shot at breaking public consciousness.

Now, we who understood all this and who have been marginalized, have authority to stand up and command the floor.

Now, we who cried as voices in the wilderness, have a chance to actually reach the minds of those we love but who have refused to listen.

We can do all this because the elephant in the living room has started to trample people.

Now, it is clear that under the current economic paradigm, people themselves will and must become the disposable resources to keep corporations alive.

Now, is the time that we can force the mainstream media to choose between its audience and its sponsors; between corporate masters and neighbors and families.

So many in the Peak Oil movement have burned out, given up.

Now is the time to get off your asses and get back in the fight. People are listening. Quit goofing off!

I am just finishing my second book. It's title: "A Presidential EnergyPolicy". It will be a short book, maybe 130 pages or so. That's all that is needed to make the case now. In writing this book and in sticking my head up on the blog I have broken an unspoken, but very real agreement that I would not be harassed anymore by the government if I stayed retired. I paid a serious price to get Pat Tillman's story researched, written, edited and published but we did it. And we took down nine general officers and a Secretary of Defense in the process.

It is no coincidence then that a two-and-a-half year old sexual harassment claim against me in Oregon was just reactivated and scheduled for a hearing in November. It was just lying fallow. I have wanted this hearing from the start. I did nothing wrong. I was set up. I can prove that in a fair hearing, but the State of Oregon's political machine has not played fair since Day One. The Ashland Police Departments has apologized to me and my attorney for grossly mishandling the investigation of the burglary of our office in June 2006. I have accepted that apology.

But the Oregon State Labor Department has made many procedural errors and treated me from the start as if I were a criminal, a lunatic and a nutcase. It has demonstrated bias on the part of the complainant and treated me in a personally demeaning manner when all I have ever done is to respond quickly to anything they ask for. I'm tired of apologizing for what I believe in.

I am not afraid of the outcome if I get a fair hearing. But given everything I have documented over many years that may not be likely.

It doesn't make any difference. Now is the moment to go for it. Tostand up and stop being defensive. For all of you who remained so loyal for all these years; for all of you who continue to send the letters and emails of support -- if I can get a fair hearing in Oregon we will all be vindicated.

Just this week a two--and-a-half year old sales tax bill turned up; a sales tax bill that was inflated by about 60% with interest and penalties and had supposedly been handled by the same employee who we know smashed our computers. I'm taking that one on too. California now admits they didn't count one of two full quarters that was paid two years ago.

So I am standing up again and that's what I ask you to do as well.

Now is the time to start talking again about Peak Oil.

Now is the time for everyone who knows the map to dust off their copy of Rubicon or back issues of FTW. Take the risk and start talking again.

Now is the time to buy a copy of "Rubicon" and send it to someone you love or want to teach. Tell them, "It's not about 9-11. It's about what's happening today, right now. It's the story of how we got here."

Now is the time to start pointing again at all of our great leaders: the Colin Campbells, the Richard Heinbergs the Matt Simmonses, the Julian Darleys, the Ken Deffeyeses, the Jim Kunstlers, the Matt Savinars, the Jenna Orkins, the Megan Quinn-Bachmans, the Mike Kanes, the Mark Robinowitzes, the Dmitri Orlovs, the Barry Silverthorns, and so many more. Mention their names. Shout their names.

Start now to organize meetings and seminars. As you "market" them tell people that this is the explanation for everything that is happening around them. Show the record. Show our predictions. It is certain to make sense and resonate – if for no other reason than because nothing else anybody is saying is.

Now is the time when we can break the back of infinite growth and stumble our way to a steady-state economy that we can use to help prepare for Peak Oil. We can do this before the moment in time comes when (as I wrote in "Global Corp") the last CFO of the last corporation, after the last merger, says to himself, 'Hooray we did it!" – as he turns out the last light on all of us.

Today a Rothschild sided with a Rockefeller… They are scared. And John McCain will loot the Fed faster than Barack Obama will. The old paradigm is trying to cash out with our money. Neither candidate will do a damn thing for us. We must do it for ourselves.

"It is a good day to die."

Hillary's Rotchschild Is NOW On McCain's Side: Votes No Confidence In Obama

Posted: 10:07 PM ET

From ,
A prominent backer of Hillary Clinton is endorsing McCain.
A prominent backer of Hillary Clinton is endorsing McCain.

WASHINGTON (CNN) Lynn Forester de Rothschild, a prominent Hillary Clinton supporter and member of the Democratic National Committee’s Platform Committee, will endorse John McCain for president on Wednesday, her spokesman tells CNN.

The announcement will take place at a news conference on Capitol Hill, just blocks away from the DNC headquarters. Forester will “campaign and help him through the election,” the spokesman said of her plans to help the Republican presidential nominee.

Forester was a major donor for Clinton earning her the title as a Hillraiser for helping to raise at least $100,000 for the New York Democratic senator’s failed presidential bid.

For entire article click here

Wednesday, September 17, 2008

Brace For Impact And Position Your Holdings: The Governement Is Not Gonna Save Your Bacon

From Now On Every Trade By AIG Is A Trade By The Government


Government Bails Out AIG with $85 Billion Loan

By Jeannine Aversa, Ieva M. Augstums,
and Stephen Bernard

Associated Press

via Yahoo News

Tuesday, September 16, 2008


WASHINGTON -- For the second time this month, the U.S. government put taxpayer money on the hook to rescue a private financial company, saying the failure of the huge insurer American International Group Inc. would further disrupt markets and threaten the already fragile economy.

The Federal Reserve said Tuesday it would provide up to $85 billion in an emergency, two-year loan to rescue AIG, which teetered on the edge of failure because of stresses caused by the collapse of the subprime mortgage market and the credit crunch that ensued. In return, the government will get a 79.9 percent stake in AIG and the right to remove senior management.

The move was similar to government's seizure on Sept. 7 of mortgage giants Fannie Mae and Freddie Mac, where the Treasury Department said it was prepared to put up as much as $100 billion over time in each of the companies if needed to keep them from going broke.

Both moves were bound to raise questions about the use of taxpayer money to bail out private firms.


Barrick Leads Surge in Gold Stocks as Bullion Gains in Crisis

By Stewart Bailey

Sept. 17 (Bloomberg) -- Barrick Gold Corp., the world's largest gold miner, led a surge in gold producers' stocks after a deepening financial crisis drove bullion prices to their biggest intraday percentage gain in more than eight years.

Toronto-based Barrick jumped C$3.23, or 10 percent, to C$34.10 at 11:49 a.m. in Toronto Stock Exchange trading, the biggest gainer on the 16-member Philadelphia Stock Exchange Gold & Silver Index, which rose 4 percent. Newmont Mining Corp., the largest U.S. gold producer, rose $2.79, or 7 percent, to $42.34.

The U.S. government took control of American International Group Inc. in an $85 billion bailout to prevent the biggest financial collapse. That, along with the bankruptcy of Lehman Brothers Holdings Inc. and the federal takeover of mortgage companies Fannie Mae and Freddie Mac, has driven investors to buy bullion, often used as a hedge against financial collapse.

GATA Be In To Win

Papal Evangelizing and Political Blitzkrieg

Ron FraserColumnist

Europe—Papal Evangelizing and Political Blitzkrieg

September 15, 2008 | From theTrumpet.com

Events of recent weeks have accelerated the resurrection of an ancient entity in Europe!

After the Anglo-Saxon nations gave thanks to their God for delivering them from the tyrannies of fascism, Nazism and imperial Japan, religion rapidly fell out of fashion. A new breed of academics—steeped in the false utopian doctrines of socialism courtesy of Mao’s little red book, flavored by the “God is dead” disciples of Nietzsche—became the “useful idiots” of powers intent on destroying the moral heart of Anglo-America.

For entire article click here

Tuesday, September 16, 2008

Don't You Dare Target A Jew For Conversion Into Christianity Says ADL

ADL called the move "a serious affront to the Jewish people and disrespectful to Judaism’s own teachings."

A unique choice of words with visual and mental imagery is being planted here. Be very aware what Orthodox Judaism is implying. Its very important whats being said and who is saying it. And, be very aware the solution to this is just around the corner. Do we dare muster the courage to stop asking the wrong questions? - Johnny

Source taken from Anti Defamtion League article: ADL Denounces World Evangelical Alliance’s Targeting European Jews for Conversion

Sunday, September 14, 2008

Alliance of Civilizations: Turkey at the Crossroads of Cultures

In collaboration with the Istanbul Center of Atlanta, KSU is sponsoring a conference on an Alliance of Civilizations theme on Jan. 29-31
, 2009

Thursday, September 11, 2008

America's Oil Sex Scandal: A Raking Of The American Taxpayer "A Culture Of Ethical Failure"

Office of the Minerals Management Service, which is one of the government's largest sources of revenue other than taxes.
(Kevin Moloney for the New York Times)

Sex, Drug Use And Graft Cited In U.S. Agency Scandal

WASHINGTON: As Congress prepares to debate expansion of drilling in taxpayer-owned coastal waters, the Interior Department agency that collects oil and gas royalties has been caught up in a wide-ranging ethics scandal — including allegations of financial self-dealing, accepting gifts from energy companies, cocaine use and sexual misconduct.

In three reports delivered to Congress on Wednesday, the department's inspector general, Earl E. Devaney, found wrongdoing by a dozen current and former employees of the Minerals Management Service, which collects about $10 billion in royalties annually and is one of the government's largest sources of revenue other than taxes.

"A culture of ethical failure" pervades the agency, Devaney wrote in a cover memo.

For entire International Herald Tribune article click here.

Wednesday, September 10, 2008

It's Not The General, But His Staff - Vice President Dick Cheney Facing Lawsuit Over His VP Records

"Mr. Cheney has played a huge role in the Bush administration and has been at the center of crafting policy (defining the battle - Johnny)" historian cites.

Act II From The Wilderness comments on recent Cheney lawsuit.

Group Sues Cheney To Preserve Records Of Duties In Office

05:56 PM CDT on Monday, September 8, 2008
By JOHN RILEY / The Dallas Morning News

WASHINGTON — A watchdog group is suing Vice President Dick Cheney and the National Archives and Records to preserve his records of duties in office.

Administration Citizens for Responsibility and Ethics in Washington, a Washington-based nonprofit watchdog group, and three organizations of historians and archivists are suing Mr. Cheney, the Office of the Vice President, the national archivist and the National Archives and Records Administration for exempting his papers from the Presidential Records Act of 1978.

The act requires presidential and vice presidential records of official duties to be preserved for future public access.

The group has already filed a complaint and is seeking a court order that would freeze the vice president’s records to prevent them from being destroyed while the lawsuit is being heard.

US Group Sues To Preserve Documents From VP Cheney's Office

As Michael Ruppert has stated in "Crossing The Rubicon" and at Act II, Cheney's NEPDG (National Energy Policy Development Group) records are the Holy Grail.

Ron Paul Makes A Run At Third-Party Unity

Wednesday, Sep. 10, 2008

Ron Paul Makes A Run At Third-Party Unity

Texas Rep. Ron Paul, whose antiwar campaign galvanized an army of young people during his Republican presidential run, is now something of a third-party power broker, with both the McCain team and the Libertarian Party vying for his support.

Paul held a news conference Wednesday to present a united front of minor-party presidential candidates - independent Ralph Nader, the Green Party's Cynthia McKinney and the Constitution Party's Chuck Baldwin - on issues important to him and to declare his preferred candidate, which turned out to be anyone but the Democratic or Republican nominees.

"Presidential elections turn out to be more of a charade than anything else," said Paul, adding there was no difference between the major-party candidates, Republican Sen. John McCain and Democratic Sen. Barack Obama.

Third Party Vote A Threat - As Ron Paul Declares Dual Party System A Charade, CNN and FoxNews Distracts Americans On Sex, War And Pig Lipstick

Rep. Ron Paul attacks the two-party system Wednesday at the National Press Club in Washington.

But fake picture of Sarah Palin keeps Americas Political Election News focused on sex, war and pig lipstick.

Third Party Vote A Definite Threat But To Whom?

Both CNN, who reported with a live feed from Ron Paul's Historic Dual Party Charade announcement, and FoxNews.com focuses attention away from Ron Paul announcement today.

The political headlines of the day focused on Pig Lipstick and a fake Sex and Guns photo with Sarah Palin.


Two-Party 'Charade' Must End, Ron Paul Says

WASHINGTON (CNN) -- Republican Rep. Ron Paul of Texas called on voters to back a third-party candidate for president Wednesday, rejecting his party's nominee and offering equally harsh words for the Democratic candidate.

Paul, who unsuccessfully sought the Republican presidential nomination this year, told supporters at the National Press Club in Washington that he is not endorsing GOP nominee Sen. John McCain or Democratic nominee Sen. Barack Obama.

Instead, Paul will give his seal of approval to four candidates: Green Party nominee Cynthia McKinney, Libertarian Party nominee Bob Barr, independent candidate Ralph Nader and Constitution Party candidate Chuck Baldwin.

Paul said he's supporting the third-party candidates because the two major parties and media had "colluded" to avoid discussing issues and falsely presenting the difference between McCain and Obama as real.

"I've come to the conclusion, after having spent many years in politics, is that our presidential elections turn out to be more of a charade than anything else, and I think that is true today. It is a charade," he said.

Ron Paul Rejects Phil Gramm Request To Endorse McCain - Urges Americans To Vote For Third Party Candidates

Paul rejects plea to endorse McCain

WASHINGTON (AP) — Republican Rep. Ron Paul, the Libertarian-leaning lawmaker who attracted a devoted following in the GOP primaries, said Wednesday he rejected an appeal to endorse John McCain's presidential bid.

And Paul said the request came from Phil Gramm, the former McCain adviser whom the campaign jettisoned after he said the country was a "nation of whiners" about the economy.


Paul urges voters to back third-party candidates

Posted: 09/10/08 12:36 PM [ET]

Rep. Ron Paul (R-Texas) urged voters to reject John McCain and Barack Obama and choose a third-party candidate in the upcoming presidential election.

In remarks at the National Press Club, the Texas Republican did not mention himself as a possible candidate but said that he will not be supporting his party’s nominee, Sen. McCain (Ariz.)

Jewish Press Quickly Responds Before Ron Paul Press Club Statement - Pointing Out Pauls', McKinneys' and Naders' Criticism Of Israel U.S. Relationship

Paul: vote third party

Ron Paul is set to urge Americans to vote third party candidates for president, including Cynthia McKinney and Ralph Nader.

The Republican primary bid of U.S. Rep. Paul (R-Texas) drew favorable attention from libertarians and anti-war groups although he failed to make a dent in the process.

According to an Associated Press report, Paul is inviting third party candidates to a press conference Wednesday so he can endorse them.

"The strongest message can be sent by rejecting the two party system," Paul said in prepared remarks obtained by the AP. "This can be accomplished by voting for one of the non-establishment, principled candidates."

Paul is a prominent opponent of aid for Israel, a position stemming from his isolationism. McKinney, the former Georgia congresswoman fronting the Green Party this year, and Nader, a consumer advocate who has led multiple third party runs, are also critics of the current U.S.-Israel relationship.

Hhhmmmm! now why doesn't Israel like Third Party candidates? - Johnny


Ron Paul Statement to the National Press Club

The American Majority

The argument that the two parties should represent opposed ideals and policies, one, perhaps of the Right and the other of the Left, is a foolish idea acceptable only to the doctrinaire and academic thinkers. Instead the two parties should be almost identical, so that the American people can ‘throw the rascals out’ at any election without leading to any profound or extensive shifts in policy.

Carroll Quigley – Author of Tragedy & Hope


The Kabbalah of Duality

Boo! Pre-Halloween Jitters Has Lehman Brothers "Committed To Examining All Strategic Alternatives" But In Reality Is Selling Its Business

Markets Take Fright As Wall Street Bank Rushes Out Results

Lehman Brothers CEO Richard Fuld

CEO Richard Fuld is under pressure. Photograph: AP

Lehman Brothers today moved to avert a mounting crisis at the bank by rushing out its third-quarter results and detailing plans to spin off most of its commercial real estate assets and raise cash by selling off a stake in its investment management business.

But markets on both sides of the Atlantic took fright after the bank said it expected to lose $3.9bn (£2.2bn) in the third quarter after writedowns of $5.6bn on bad investments in mortgages. It also cut its full-year dividend to conserve cash from 68 cents to just 5 cents.

In its statement, the bank said it remained "committed to examining all strategic alternatives", which was immediately interpreted as offering the business for sale.

Tuesday, September 9, 2008

JTA Anti Obama Advertisements From RJC - A Repbublican Jewish Perspective: Sarah Palin A Friend To The Jewish Community And Other Articles

The RJC is a national, grassroots organization

of Jewish Republicans.
Join us!
Be a part of our growing and powerful movement.

JTA home page

"Unprecedented Historic Announcement" To Be Made At Ron Paul Press Conference Wednesday 9-10-08 In DC

The Republicrat Duopoly To Become In Jeopardy Says Inside Sources

Lew Rockwell Reports, Cynthia McKinney, Ralph Nader, Bob Barr, And Chuck Baldwin To Attend Historic Announcement

It's Not The General That Defines The Battle Plan, But His Staff - Johnny

Please Stay Tuned!

Catherine Austin Fitts: JP Morgan Hand Caught In Swaps And Derivatives Cookie Jar With Local Governments

Erie, Pennsylvania Sues JP Morgan Chase

Facing Federal Probe, JPMorgan Exits Municipal Swaps

Business Standard (5 Sep 2008)

“JPMorgan Chase & Co will stop selling interest-rate swaps to government borrowers in the $2.6 trillion US municipal bond market roiled by an antitrust probe and the near-bankruptcy of Alabama’s most-populous county.

At least seven former JPMorgan bankers are under scrutiny in a Justice Department criminal investigation of whether banks conspired to overcharge local governments on swaps and other derivatives. JPMorgan also led a group of banks that charged $120 million in fees for such deals in Jefferson County, Alabama. That was as much as $100 million too high, the county’s former adviser said.”

Read more >>>

From Catherine Austin Fitts' Blog

Friday, September 5, 2008

Zombie Institutions: Fannie & Freddie To Be Placed Under U.S. Conservatorship - Shareholders To Be Completely Wiped Out

"The last thing you want to do is give a distressed borrower more time, because when people are in distress they tend to take a lot of risks," he said. "You don't want zombie institutions floating around with time on their hands."

NY Times: Freddie, Fannie Shareholders To Be Wiped Out


U.S. Rescue Seen at Hand for 2 Mortgage Giants

By Stephen Labaton and Andrew Ross Sorkin
The New York Times
Saturday, September 6, 2008


WASHINGTON -- Senior officials from the Bush administration and the Federal Reserve on Friday informed top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, that the government was preparing to seize the two companies and place them in a conservatorship, officials and company executives briefed on the discussions said.

The plan, effectively a government bailout, was outlined in separate meetings that the chief executives were summoned to attend on Friday at the office of the companies' new regulator. The executives were told that, under the plan, they and their boards would be replaced, shareholders would be virtually wiped out, but the companies would be able to continue functioning with the government generally standing behind their debt, people briefed on the discussions said.

For entire New York Times article

U.S. Near Deal on Fannie, Freddie

Wall Street Journal article

The printing presses will be breaking the speed of sound very soon - Johnny

Cheney Flags 'Deep' Interest In Ex-Soviet Zones - Gee, I Wonder Why?

US Confronts Russia As Cheney Flags 'Deep' Interest In Ex-Soviet Zones

BAKU (AFP) — The United States and Russia squared off Wednesday as Vice President Dick Cheney said Washington had a "deep" interest in the ex-Soviet Caucasus, a key energy corridor he said must be developed.

(By whatever, AND I MEAN WHATEVER, means necessary - Johnny)

Click For Entire Article

Palin Rejects Jews For Jesus View

September 3, 2008

McCain team: Palin rejects views of church’s Jews for Jesus speaker

NEW YORK (JTA)—Vice presidential pick Sarah Palin says she doesn’t share the views of a Jews for Jesus leader who in a speech at her church suggested that violence against Israelis resulted from God’s judgment against Jews who have failed to embrace Jesus.

David Brickner, the executive director of Jews for Jesus, suggested in his Aug. 17 sermon at Wasilla Bible Church that the refusal to accept Jesus was responsible for the long history of devastation visited upon Jerusalem. He also described his group’s successful targeting of Israeli Jews, both in Israel and elsewhere.

“Judgment is very real, and we see it played out on the pages of the newspapers and on the television,” said Brickner, according to a transcript posted on the church’s Web site. “It’s very real. When [my son] Isaac was in Jerusalem he was there to witness some of that judgment—some of that conflict—when a Palestinian from East Jerusalem took a bulldozer and went plowing through a score of cars, killing numbers of people. Judgment—you can’t miss it.”

Audio and transcript here

Click for entire article

Thursday, September 4, 2008

Rice: U.S. to Give $1 Billion to 'Help Georgia Sustain Itself'

Washington Post Staff Writer
Thursday, September 4, 2008; Page A12

The Bush administration announced a $1 billion aid package to Georgia yesterday, making the former Soviet republic one of the highest per capita recipients of U.S. economic assistance.

Secretary of State Condoleezza Rice, who unveiled the plan, drew a direct line between what she called Russia's irresponsible behavior in sending troops into Georgian territory last month and the need for "the free world" to "help Georgia sustain itself during these difficult times."

Congress has supported the administration's strong backing for Georgia and criticism of Russia. Two weeks ago, on his return from a visit to Tblisi, Sen. Joseph R. Biden Jr. (Del.), chairman of the Senate Foreign Relations Committee and the Democratic vice presidential nominee, called the Russian invasion "one of the most significant events to occur in Europe since the end of communism" and first proposed boosting U.S. aid to Georgia by $1 billion.

The International Monetary Fund said this week it will lend Georgia $750 million to replenish its foreign currency reserves.

Click here for entire article

Wednesday, September 3, 2008

The Skinny On McKinney

The Skinny on McKinney PDF Print E-mail
Wednesday, 03 September 2008
by Gabriel San Roman, Uprising Radio

What makes Cynthia McKinney run? Uprising Radio’s Gabriel San Roman inquires why she left the Democratic Party and what kind of home she’s found among the Greens, whose presidential banner she carries, this year. “I declared my independence from the [Democratic] national leadership that had made our country so complicit in crimes against humanity, crimes against the peace, crimes against the global community, and crimes the American people,” says the former Georgia congresswoman. “The Green Party can express the views and the values of people who want peace for a change.”

Click for entire article