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May 17, 2009

Another 1,225,980+ Guns Bought by Americans in April 2009

The upward trend in firearms sales continued in April, marking the sixth consecutive month of significant increases.

Data released by the FBI’s National Instant Criminal Background Check System (NICS) reported 1,225,980 checks in April 2009. This figure is a 30.3 percent increase from the 940,961 reported in April 2008...

...The April increase follows a 29.2 percent gain in March and rises of 23 percent in February, 28 percent in January, 24 percent in December and 42 percent in November when a record 1,529,635 background checks were performed.... Read all here

The Corporate ‘Person’

Interesting and important juridical puzzle:

"No ‘person’ can own another ‘person’ in the United States. Therefore, if a corporation IS a legal ‘person’ under the protection and jurisdiction of The Constitution, doesn’t that mean that they can’t be owned, and that they cannot own other ‘persons’ (i.e. – other corporations). If The Constitution applies to the Corporate ‘person’, doesn’t that mean that the WHOLE Constitution applies to them?" WRH permalink

26% of 9/11 Commission Report footnotes came from tortured detainees

So it's official: some of the major conspiracies and scandals of the century are interrelated:

"One of the Main Sources for the 9/11 Commission Report was Tortured Until He Agreed to Sign a Confession that He Was NOT EVEN ALLOWED TO READ! By Robert Windrem and Victor Limjoco NBC News, May 15, 2009 The 9/11 Commission suspected that critical information it used in its landmark report was the product of harsh interrogations of [...]" Read all here

More: Story of the Decade: We Tortured to Justify War

And more, from CLG (Al-Libi??? Here we say "a name, a program"): 'He was tortured into making false statements that were relied upon to start the Iraq war, and when that became too embarrassing he was disappeared' to a rights-abusing country. 'Mystery surrounds prison death of terrorist whose testimony was key to Iraq invasion --Human rights organisations and Islamic groups have questioned whether al-Libi's death was suicide. 19 May 2009 The Islamist terrorist who was the key source of the false intelligence used to trigger the US and UK 2003 military invasion of Iraq has been found dead in a Libyan prison cell. Ibn al-Sheikh al-Libi allegedly committed suicide by hanging in the prison where he was being held in the Libyan capital, Tripoli. Yasser al-Sirri, an Egyptian who runs the Islamic Observation Centre in London, said al-Libi was a "true Muslim, and Islam prohibits committing suicide". Clive Stafford Smith of Justice, a group of British human rights lawyers, said: "We are told that al-Libi committed suicide in his Libyan prison. If this is true it would be because of his torture and abuse. If false, it may reflect a desire to silence one of the greatest embarrassments to the Bush administration."

Obama's Animal Farm - Bigger, Bloodier Wars Equal Peace and Justice

"The Deltas are psychos...You have to be a certified psychopath to join the Delta Force...", a US Army colonel from Fort Bragg once told me back in the 1980's. Now President Obama has elevated the most notorious of the psychopaths, General Stanley McChrystal, to head the US and NATO military command in Afghanistan. McChrystal's rise to leadership is marked by his central role in directing special operations teams engaged in extrajudicial assassinations, systematic torture, bombing of civilian communities and search and destroy missions. He is the very embodiment of the brutality and gore that accompanies military-driven empire building. Between September 2003 and August 2008, McChrystal directed the Pentagon's Joint Special Operations (JSO) Command which operates special teams in overseas assassinations...." Read all here

MPs' expenses: shoot them or jail them – public is after revenge

The public opinion in UK seems moving toward Revolutionary mode:

From the Guardian (hat tip to dotconnector):

"It was fortunate that Andrew MacKay did not encounter one of his elderly constituents when the Conservative MP defied growing public fury to show his face in Bracknell town centre yesterday.

"I can see ordinary people going round with shotguns and shooting them all," said a pensioner in this industrious Berkshire town. She was so enraged by MPs' expenses, she said, that she was tempted to shoot the Speaker herself.

The days when Dick Turpin reputedly rested up in a pub where this new town now sprawls have long gone. But voters outside Westminster are increasingly convinced that their representatives have got away with daylight robbery.

As Keith Rogers put it in Sleaford, where Conservative MP Douglas Hogg belatedly agreed to pay back £2,200 spent cleaning his moat: "This is not politics. It's theft. MPs' allowances are more than most people's wages in Lincolnshire."

When MPs returned to their weekly surgeries and other duties in their constituencies yesterday, they encountered a landscape transformed by revelations about their expenses. The cynicism of many voters towards Westminster had been replaced by something much more engaged, but also far more enraged...." Read more...

Update: The 10 Weirdest Expense Claims By British Lawmakers

State of the Union Finances 2009






Late May 2009 Rant


"The economic situation worldwide continues to deteriorate.
Parade Magazine has a readership of 73 million. It is the mostly widely read magazine in America. Their lead article for May 3 is "Is the Housing Market Ready to Turn?" More government disinformation to mislead the lemmings. "Now is a good time to buy a house! Buy now!" Folks, the housing market has at least two more years of serious collapse to go.  The Case-Shiller median U.S. home price is still about $160,000, and falling to $120,000, or worse. If your mortgage is under water, then give the keys to the bank and walk away. The average mortgaged home has a mere 20% equity. If you bought a home in 2005 for $300,000, can't get $200,000, the price is going to $150,000, and you only have $60,000 (20%) equity, then walk away. Anyone who will pay $300,000 for a house that will be worth $150,000 in two years deserves to do exactly that. That is $150,000 in inflated 2011 dollars, by the way, not 2005 dollars. Big difference. The housing crash has a long, long way to go and will keep taking down this entire economy. The vast majority of any families net worth is their home. 1 in 9 housing units in empty. That may seem impossible, but it's true. USA Today revealed that last month.

Ron Paul's Audit the Fed House Bill 1207 now has 124 cosponsors. It is going to pass, and then go to the Senate. Let's be honest though. The Federal Reserve Scam will never be dismantled as the American public is too stupid. It has gone on for almost 100 years.

Jim Sinclair has been a very tepid newsletter writer. He finally woke up and sent out a newsletter with ten predictions. 1) the stock markets will collapse this year never to recover. 2) the pensions are all broke, and people have no retirement. 3) the retirees will basically starve. 4) hyperinflation will take over and consumption will collapse. 5) no one is going to buy any U.S. Treasury paper from now on (T-Bills and T-Bonds). 6) unemployment will skyrocket to 30%. 7) the police and politicians will be on the level of Mexico. 8) Malls, strip malls, stores of all kinds will largely cease to exist. 9) tens of millions of people will be unable to pay their mortgage and the banks will be powerless to take their homes away. 10) violence, crime, and social unheaval will reign. More and more newsletter writers like Sinclair are waking up to the real world.

Senile in Omaha Buffett admits the country is in an "economic hurricane". 35,000 stupid people came to his shareholder meeting to hear a brain dead old man prattle about how the stock in his worthless company will keep falling. He warned the dollar will fall due to extreme inflation. Did he recommend gold or silver? Of course not. He said to "invest in" yourself and invest in the stock market". Senile old fool. Berkshire Hathaway (BRK-A) has fallen by half and may well go completely bankrupt next year due to being totally overloaded with toxic time bomb derivatives. Berkshire Hathaway has already lost 1.5 billion in just the first quarter of this year! Just look at the BRKA chart to see for yourself. This stock is hopeless. It has fall in half in just five months.  This is the wisest, smartest, richest investor in the world? He's just a government shill folks. He tells people to "invest in yourself, and buy some good stocks". Just how are you going to pay the rent and buy groceries by something as nebulous as investing in yourself?  He knows the stock market will collapse and the lemmings will lose all their money.

He knows this, yet he constantly touts stocks as the best investment in the world. He is so stupid he said he would like to buy Wells Fargo Bank because it is such a good investment. Wells Fargo is hopelessly bankrupt, totally underwater, and only propped up temporarily With YOUR tax money because they weren't competent to run their business. He is so stupid he just bought Procter & Gamble, Sanofi Aventis, Sun Trust Bank, Torchmark Corp, US Bancorp, USG Corp, United Health Group, Union Pacific, United Parcel Service, WABCO Holdings, Walmart, Washington Post, Wells Fargo, Wellpoint, and Wesco Financial. Totally senile.     

Do you want absolute, incontrovertible proof the housing market is still collapsing and has two to three years to go? Here it is. A 120 year chart of housing prices and inflation adjusted prices. The current median home price is $160,000, and falling to $120,000. As you can see from the chart above, this could easily fall to $100,000 or even lower. If your mortgage is underwater give the house back to the bank. Go rent. Dump it. Did you know that representative Peter King a Republican from NY sponsored House Bill 2159 to allow anyone in America to be denied their Second Amendment rights to own a gun for any reason, or no reason at all? Did the media tell you about this bill?

It already has six cosponsors. The Attorney General, or any of his countless minions, can declare you simply have no more right to own a gun. You would go to jail for owning any gun. All your guns would be confiscated for no reason at their whim. Does this sound like a free country, or a police state? Buy all the ammunition you can. Obama and the Democrats are first going to stop the sales of ammunition, raise the price, and tax it to death. Join Gun Owners of America (GOA) at www.gunowners.org. They have a third of a million members. Do NOT join the National Rifle Association (NRA), as they sold out decades ago. The NRA is a bad joke, so do not support them. If you don't own a gun for self protection, then wake up and buy one and take a shooting and self defense course. America is the last country in the world to allow reasonable ownership of firearms. This is disappearing by the day. Our founders made it clear that everyone has the right to bear arms. Only free people own firearms. Socialists can't own guns.

If you don't think FEMA detention camps exist, just type in "FEMA camps" on Google and you'll get a literal mountain of evidence. The sad part is people will willingly go to the camps to get "three hots and a cot".  Benjamin Franklin said that people who choose a false sense of safety and security from the government deserve and will get neither. The only safety and security you have is yourself and your own family and friends. The government can give you nothing, but it sure can take everything from you. Chains you can believe in.   

Silver continues to be the best investment in the world by far. We are now in the sixth month of the recovery.  Silver bottomed in November at $9. Be sure you own silver bullion. The premium has fallen, so you can actually get good deals now. Buy what you can afford. Buy 1 oz rounds, 10 oz bars, 100 oz bars, or 1,000 oz bars as much as you can afford. Go to a large coin dealer in a city near you, and get the best bargain. You can always use Jason Hommel at www.silverseek.com, or Gaithersburg Coin in MD. Com-pare prices before you buy. 80% of silver is byproduct mining, and the base metal mines are cutting back or shutting down. There are only about 50 real silver stocks in the world, but only about ten of them are worthwhile. Good silver stocks include ECU, First Majestic, Impact, Genco, U.S. Silver, Endeavor, and Great Panther. Stock prices are still very low and all these are great bargains. Mining stocks outperform bullion, but there is more risk. Silver is still at an extreme 67 to 1 ratio and this will return to the traditional, historical 15 to 1 ratio. That could mean, for example, $5,000 gold and $335 silver. Remember in 1982 silver was $50, which would be about $180 today adjusted for inflation. There was plenty of silver back then, and the government had a stockpile of BILLIONS of ounces. Now the largest cache of silver is a mere 62 million ounces on the COMEX. Many are saying that there really isn't anywhere near 62 million ounces and the accounting is crooked. There is no honest auditing and there is good reason to believe this is true."   economicrant.com

GEAB N°35 is available! Global systemic crisis: June 2009 - When the world steps out of a sixty-year old referential framework

- Public announcement GEAB N°35 (May 16, 2009) -
GEAB N°35 is available! Global systemic crisis: June 2009 - When the world steps out of a sixty-year old referential framework
The financial surrealism which has been at the heart of stock market trends, financial indicators and political commentaries in the past two months, is in fact the swan song of the referential framework within which the world has lived since 1945.

Just as in January 2007, the 11th edition of the GEAB described that the turn of the year 2006/07 was wrapped in a « statistical fog » typical of an entry into recession and designed to raise doubts among passengers that the Titanic was really sinking (1), our team today believes that the end of Spring 2009is characterized by the world’s final stepping out of the referential framework used for sixty years by global economic, financial and political players in making their decisions, in particular of its “simplified” version massively used since the fall of the communist bloc in 1989 (when the referential framework became exclusively US-centric). In practical terms, this means that the indicators that everyone is accustomed to use for investment decisions, profitability, location, partnership, etc ... have become obsolete and that it is now necessary to find new relevant indicators to avoid making disastrous decisions.

This process of obsolescence has increased dramatically over the past few months under pressure from two trends:

. first, the desperate attempts to rescue the global financial system, particularly the American and British systems, have de facto "broken navigational instruments" as a result of all the manipulation exerted by financial institutions themselves and by concerned governments and central banks. Among those panic-stricken and panic-striking indicators, stock markets are a perfect case as we shall see in further detail in this issue of the GEAB. Meanwhile, the two charts below brilliantly illustrate how these desperate efforts failed to prevent the world’s bank ranking from experiencing a major seism (it is mostly in 2007 that the end of the American-British domination in this ranking was triggered).

. secondly, astronomical amounts of liquidity injected in one year into the global financial system, particularly in the U.S. financial system, led all financial and political players to a total loss of touch with reality. Indeed, at this stage, they all seem to suffer from a syndrome of diver’s nitrogen narcosis – impairing those affected and leading them to dive deeper instead of surfacing. Financial nitrogen narcosis has the same effects than its aquatic counterpart.

Destroyed or perverted sensors, loss of orientation among political and financial leaders, these are the two key factors that accelerate the international system’s stepping out of the referential framework of the past few decades.

GEAB N°35 is available! Global systemic crisis: June 2009 - When the world steps out of a sixty-year old referential framework

GEAB N°35 is available! Global systemic crisis: June 2009 - When the world steps out of a sixty-year old referential framework
Of course, it is a feature of any systemic crisis and easy to establish that, in the international system we are used to, a growing number of events or trends have started popping out of this century-old framework, demonstrating how this crisis is of a kind unique in modern history. The only way to measure the magnitude of the changes under way is to step back several centuries. Examining statistical data gathered over the last few decades only enables one to see the details of this global systemic crisis; not the overall view.

Here are three examples showing that we live in a time of change that occurs only once every two or three centuries:

1. In 2009, the Bank of England official interest rate has reached its lowest level (0.5 percent) since the creation of this venerable institution, i.e. since 1694 (in 315 years).

GEAB N°35 is available! Global systemic crisis: June 2009 - When the world steps out of a sixty-year old referential framework
2. In 2008, the Caisse des Dépôts et Consignations, the French government’s financial arm since 1816 under all France’s successive regimes (kingdom, empire, republic…), experienced its first yearly loss ever (in 193 years) (2).

3. In April 2009, China became Brazil’s leading trade partner, an event which has always announced major changes in global leadership. This is only the second time that this has happened since the UK put an end to three centuries of Portuguese hegemony two hundred years ago. The US then supplanted UK as Brazil’s leading trade partner at the beginning of the 1930s (3).

It is not worth reviewing the many specifically US trends popping out of the national referential framework compared to the past century (there is no relevant referential framework older than that in the US): loss in value of the Dollar, public deficits, cumulated public debt, cumulated trade deficits, real estate market collapse, losses of financial institutions… (4)

But of course, in the country at the heart of the global systemic crisis, examples of this kind are numerous and they have already been widely discussed in the various issues of the GEAB since 2006. In fact, it is the number of countries and areas concerned, which is symptomatic of the world’s stepping out of the current referential framework. If there was only one country or one sector affected, it would simply indicate that this country/sector is going through an unusual time; but today, many countries, at the heart of the international system, and a multitude of economic and financial sectors are being simultaneously affected by this move away from a “century-old road”.

GEAB N°35 is available! Global systemic crisis: June 2009 - When the world steps out of a sixty-year old referential framework
Thus, to conclude this historical perspective, we want to emphasize that the stepping out of the century-old reference system is graphically visible in the form of a curve simply popping out of the frame which allowed ongoing trends and values to be represented for centuries. This popping out of traditional referential frameworks is speeding up, affecting increasing numbers of sectors and countries, enhancing the loss of meaning of indicators used daily or monthly by stock markets, governments, or official sources of statistics, and accelerating the widespread awareness that "the usual indicators" can no longer give any insight, or even represent the current world developments. The world will thus reach summer 2009 without any reliable references available.

Of course, everyone is free to think that a few points’ monthly variation of a particular economic or financial indicator, itself largely affected by the multiple interventions of public authorities and banks, carries much more value on the evolution of the current crisis than those stepping out of century-old referential frameworks. Everyone is also free to believe that those who anticipated neither the crisis nor its intensity are now in a position to know the precise date when it will end.

Our team advises them to go see (or see again) the movie Matrix (5) and to think about the consequences of manipulating the sensors and indicators of one’s perception of given environment. Indeed, as we will examine in detail in our special summer 2009 GEAB (N°36), the coming months could be entitled « Crisis Reloaded » (6).

In this 35th issue of the GEAB, we also express our advice on which indicators, in this period of transition between two referential frameworks, are able to provide dependable information on the evolution of the crisis and the economic and financial environment.

The two other major themes addressed in this May 2009 issue of the GEAB are, first, the programmed failure of the two major economic stimulus plans: namely the Chinese and American plans, and, secondly, the United Kingdom’s appeal to the IMF for financial assistance by the end of summer 2009.

In terms of recommendations, in this issue, our team anticipates the evolution of the worlds’ largest real estate and treasuries markets.

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Notes:

(1) At that time, our team added « Just like always when change occurs, the passage by zero is characterized by a «fog of statistics» where indicators point in opposite directions and measurements provide contradictory results, with margins of error sometimes wider than the measurement itself. Regarding our planet in 2007, the on-going wreck is that of the US, that LEAP/E2020 has decided to call the « Very Great Depression », firstly because the « Great Depression » already refers to the 1929 crisis and the years after; and secondly because, according to our researchers, the nature and scope of the upcoming events are very different ». Source: GEAB N°11, 01/15/2007

(2) Source: France24, 04/16/2009

(3) Source: TheLatinAmericanist, 05/06/2009

(4) Political leaders and experts insist on comparing the current crisis to the 1929 crisis, as if the latter were a binding reference. However, in the US in particular, current trends in many fields have moved beyond the events which characterized the « Great Depression ». LEAP/E2020 already reminded in GEAB N°31 that relevant references were to be found in the 1873-1896 global crisis, i.e. more than a century back.

(5) In the Matrix series of movies, reality perceived by humans is created by computers. They think they live a comfortable life when in fact they live in squalor, but all their senses (sight, hearing, taste, touch, smell) are manipulated.

(6)The title of the second in this series of movies: « Matrix reloaded ».