Apr 28, 2009
-- We will see inflation levels "not seen in our lifetime" ...
-- We will see debt explode to $65 trillion (4x U.S. GDP; more than global GDP).
-- We will see hyperinflation such that the dollar becomes worthless and "the paper is worth more as wall paper than as currency"
( Snippet of Interview)
HJR: They couldn’t even use the money as toilet paper because it is a bad absorber of water. So we will have hyper-inflation. How can we protect the value of our assets, assuming that people have some discretionary money? Should they buy growth stocks because they are cheap, assuming “buy low, sell high?” Or are there better alternatives?
JW: We are headed into a hyper-inflationary depression that will become a Great Depression. When hyper inflation hits, it will disrupt the normal flow of commerce and turn it into a Great Depression.
What about paper assets based on the dollar? You want to get into something like gold or silver –physical gold or silver, not paper. Perhaps get some assets outside the dollar. It’s a time to preserve your wealth and assets, not to start speculating on the stock market. There is a lot of volatility ahead. Over the long term, gold and silver are your best hedges.
HJR: That sounds like the familiar tune I’ve been singing for several years. I’ve been publishing for 33 years. About 11 of those years I have been bullish on gold and silver as investments. When I abandoned gold in the early ‘80s, I was excommunicated from the gold-bug church because I was supposed to stay faithful to gold, but then the metals weren’t the right place to put your money. As a financial adviser, if I don’t have subscribers in the right investments, they will lose money and not renew their subscription to The Ruff Times. So I have a financial interest in being right. Yogi Berra said, “It’s déjà vu all over again.” the same thing is happening that I saw in the ‘70s that drove the prices of gold and silver to unprecedented highs – only more so now. They are creating more money than they ever thought of creating back then. We are using words like “trillions,” which we never used before. I’m not just looking at it as an investment and a place to make money. I am looking at it as a possible way to preserve the real value of your assets so you are not left destitute with a pile of worthless paper.
You showed me a display of Zimbabwe currency, where multi-billion dollar notes started out as $2-bill notes. We could face the same thing. The world is littered with worthless dead-paper currencies with an average life span of about 75 years. It’s always the same: we make too much of it ever since we created paper currency with the printing press, and creating too much of it to buy votes, diminishing its value.
A subscriber who wrote to me recently asking me that if the government and the bankers can manipulate the price of gold and silver, so couldn’t they do that for many years and gold and silver would go nowhere?
History doesn’t record a single example when a society inflated the dominant currency even near the quantities we are creating dollars now without destroying its value. Gold and silver, not being anyone’s debt or obligation, is where people ought to put their money. Link
More about this: Gold Thoughts "...Ultimately, this massive debt monetization will have an impact on the value of the U.S. dollar. To argue otherwise is to repudiate all of monetary history..."
And more, about the other US$ big story : Dollar De-Colonization Excerpt:
"...FOR SEVERAL YEARS we have now been warning of the demise of the US Dollar as the globe's No.1 reserve currency, writes Julian Phillips of the Gold Forecaster.
The threat is not so much that the monetary policies of the US are cheapening the Dollar, much as they are; but more that these policies are pressing other nations to seek ways to avoid using the Dollar in their international dealings.
China has now taken a momentous, structurally adjusting step to change matters in their favor. It's crucial that investors – whatever their main denominated currency – understand the implications...." Read all here
Here we are at the intellectual property final stage (I had foreseen this years ago):
Post written by Leo Babauta.
Today I received an email from the lawyers of author Susan Jeffers, PhD., notifying me that I’d infringed on her trademark by inadvertently using the phrase “feel the fear and do it anyway” in my post last week, A Guide to Beating the Fears That Hold You Back.
The phrase, apparently, is the title of one of her books … a book I’d never heard of. I wasn’t referring to her book. I’m not using the phrase as a title of a book or product or to sell anything. I was just referring to something a friend said on Twitter.
Her lawyers asked me to insert the (R) symbol after the phrase, in my post, and add this sentence: "This is the registered trademark of Susan Jeffers, Ph.D. and is used with her permission."
Yeah. I’m not gonna do that.
I find it unbelievable that a common phrase (that was used way before it was the title of any book) can be trademarked. We’re not talking about the names of products … we’re talking about the English language. You know, the words many of us use for such things as … talking, and writing, and general communication? Perhaps I’m a little behind the times, but is it really possible to claim whole chunks of the language, and force people to get permission to use the language, just in everyday speech?
What if this were taken to an extreme? What if some billionaire (say, Bill Gates) decided to start trademarking thousands and thousands of phrases, so that he could charge us for each use, or so that we’d have to link back to the Microsoft homepage with each reference? The language, in this scenario, could be entirely privatized if we allow this sort of thing.
So, while this post is probably ill-advised (and yes, I realize that I’m actually giving publicity to Ms. Jeffers), I have to object. I think we have a duty, as writers and bloggers and speakers of the English language, to defend our rights to … words. Free speech is a bit of an important concept, I think.
As an aside, I think the idea of jealously protecting copyright and trademarks, in this digital age, is outdated and ignorant. You want your ideas to spread, and you should encourage people to spread your ideas, not put up all kinds of boundaries and restrictions and obstacles to that being done. This blog, for example, is Uncopyrighted, and will always be free, because I want people to spread my posts and ideas. I think it’s actually good for me as a writer, and it’s (not insignificantly) better for the writing community in general if we can share each others’ work freely. I’m hoping that with posts like this, and the good work of thousands of other like-minded people, the old mindset of fencing off ideas and language will slowly change.
So, no, I will not be adding a Registered Trademark symbol to the previous post. And no, I won’t be adding a phrase of legalese to the post. And no, I won’t even attribute the phrase or link to her book, as I wasn’t referring to the book. And no, I won’t remove the phrase.
I’d rather be sued.
Oh, and I’m not going to change the title of this post either. You’ll have to remove it from my cold, dead iMac.
"...we are still only in 1930. The stock market crashed in ‘29. Then, there was a rebound, in which people came to believe they saw “encouraging signs”…and began to look for ways to profit. They bought stocks, hoping to recover what they had lost - only to get hit again - harder. The bottom didn’t come until July 8th, 1932, when the Dow hit 41. And the misery didn’t reach the news photos until the mid-’30s…after Hoover and Roosevelt had successfully prevented a quick recovery.
If the pattern of the ’30s holds, we won’t see the stock market bottom until 2011. Then, it will begin to feel like a real depression. And interestingly, The Richebacher Letter’s Rob Parenteau notes that 2011 is when the second wave of toxic property loans (Alt-A and Option ARMs, to be exact) is set to reset.
And you will recall what happened when the first peak in subprime loan “resets” arrived smack dab in the middle of 2008: billions in bank write-downs… along with trillions of dollars in market losses immediately followed.
That gives us a good idea of what will happen in 2011… Millions more consumers will freeze up as their finances go over the cliff… more bank losses will drag down even more so-called ‘blue chip’ retirement portfolios… and the impact of the consumer bust we’ve been following in these pages will get “multiplied” yet again. Millions more Americans could lose everything..." Read all here
(From Dec.1, 2006)
In 1948 Heinrich Mueller, the former head of the Gestapo, told his CIA Interrogator that the most devastating plague in human history was man-made.
He was referring to the influenza pandemic of 1918-1919 that infected 20% of the world's population and killed between 60 and 100 million people. This is roughly three times as many as were killed and wounded in World War One, and is comparable to WWII losses, yet this modern plague has slipped down the memory hole.
Mueller said the flu started as a US army bacteriological warfare weapon that somehow infected US army ranks at Camp Riley KS in March 1918, and spread around the world. He says that it "got out of control" but we cannot discount the horrible possibility that the "Spanish Flu" was a deliberate elite depopulation measure, and that it could be used again. Researchers have found connections between it and the "Bird Flu."
There was nothing "Spanish" about this flu. According to Wikipedia: "In the U.S., about 28% of the population suffered, and 500,000 to 675,000 died. In Britain 200,000 died; in France more than 400,000. Entire villages perished in Alaska and southern Africa. In Australia an estimated 10,000 people died and in the Fiji Islands, 14% of the population died during only two weeks, and in Western Samoa 22%. An estimated 17 million died in India, about 5% of India's population at the time. In the Indian Army, almost 22% of troops who caught the disease died of it."
"Indeed, symptoms in 1918 were so unusual that initially influenza was misdiagnosed as dengue, cholera, or typhoid. One observer wrote, "One of the most striking of the complications was hemorrhage from mucous membranes, especially from the nose, stomach, and intestine. Bleeding from the ears and petechial hemorrhages in the skin also occurred. ...Another unusual feature of this pandemic was that it mostly killed young adults, with 99% of pandemic influenza deaths occurring in people under 65 and more than half in young adults 20 to 40 years old. This is unusual since influenza is normally most deadly to the very young (under age 2) and the very old (over age 70). "
At a 1944 Nazi bacteriological warfare conference in Berlin, General Walter Schreiber, Chief of the Medical Corps of the German Army told Mueller that he had spent two months in the US in 1927 conferring with his counterparts. They told him that the "so-called double blow virus" (i.e. Spanish Flu) was developed and used during the 1914 war.
"But," according to Mueller, "it got out of control and instead of killing the Germans who had surrendered by then, it turned back on you, and nearly everybody else." ("Gestapo Chief: The 1948 CIA Interrogation of Heinrich Mueller" Vol. 2 by Gregory Douglas, p. 106) Actually the Armistice took place Aug 11, 1918.
The interrogator, James Kronthal, the CIA Bern Station Chief asked Mueller to explain "double blow virus." It reminds me of AIDS.
Mueller: "I am not a doctor, you understand, but the 'double-blow' referred to a virus, or actually a pair of them that worked like a prize fighter. The first blow attacked the immune system and made the victim susceptible, fatally so, to the second blow which was a form of pneumonia...
The subject of the Spanish Flu arose in the context of a discussion of typhus.
The Nazis deliberately introduced typhus into Russian POW camps and, along with starvation, killed about three million men. The typhus spread to Auschwitz and other concentration camps with Russian and Polish POWS.
In the context of the Cold War, Mueller says: "If Stalin invades Europe...a little disease here and there would wipe out Stalin's hoards and leave everything intact. Besides, a small bottle of germs is so much cheaper than an atom bomb, isn't it? Why you could hold more soldiers in your hand than Stalin could possibly command and you don't have to feed them clothes them or supply them with munitions. On the other hand, the threat of war...does wonders... for the economy." (108)
Is Mueller credible? In my opinion he is. Gregory Douglas apparently is a pseudonym for his nephew with whom he left his papers. Normally a hoax would not run to thousands of pages. The Interrogation is 800 pages. The Memoirs are 250 pages. The microfilmed Archive apparently covers 850,000 pages. Finally, the material I have read is incredibly well informed, consistent and full of plausible revelations .
The "Elite" cult has made no secret of its desire to decrease the world population. (See Alan Stang, Population Extermination: How Will it be Done? )
It's possible that World War One was a disappointment to the Elite in terms of the numbers killed. Whether the "Spanish Flu" was deliberate or not, we cannot say. But apparently the US Army has a record of experimenting with drugs/chemicals/
So far the Bird Flu has only killed 160 people since 2003. Is it a harbinger of something more deadly? Hopefully it isn't but we should be mindful of the shocking precedent set by the 1918 Influenza Pandemic.
See also "Hitler's Gestapo Chief Became Top Truman Advisor"
See also "The Influenza Pandemic of 1918"
Another view-- Vaccines Responsible for Swine Flu
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