Showing posts with label Economic breakdown. Show all posts
Showing posts with label Economic breakdown. Show all posts

Monday, 20 October 2008

Reports on American Collapse


Dear Readers!

A stunning report circulating in the Kremlin today states the Director of the United States Central Intelligence Agency, General Michael Hayden, has told both the Syrian President and Lebanon’s Hezbollah Leadership that the next American president would the ‘last one’ during secret meetings he held in Beirut this past week.


Equally as stunning, these reports continue, President Bush had secretly delivered to Syrian President Assad a ‘guarantee’ that Israel would be made to withdrawal from the Golan Heights in exchange for its breaking of its alliance with Iran, news which shocked the Israeli government who stated they were unaware of this latest American move against them.


Russian Military Analysts state that these latest US moves are designed around the planned ascendancy to the US Presidency of Barak Obama who they report is slated to lead the United States into the worst period of their history since their 1860-65 Civil War, and which like that conflict is due to fracture the American Nation from its present position as a First World Nation State to one of at least 3 separate countries based upon ethnic and religious lines.


Russian experts are already planning on the breakup of the United States due to the ascendancy of the most radical US Governor in decades, Sarah Palin, who has risen to prominence based upon her long-standing affiliation with the Alaskan Independence Party that has long championed a break with Washington D.C.


Not being understood by the American people about their coming demise is that the template their destruction is being based upon is an exact mirror image of the one that brought down the last World Superpower, the Soviet Union, and which the ‘main warning sign’ is the total collapse of Global oil prices, and which were warned about this past March by Kuwaiti oil industry analyst Kamel A Al-Harami, and who stated:


Al-Harami speaking exclusively to Kuwait Times yesterday, explained the inevitability of an oil market price correction by the end of 2008 saying, "Definitely there will have to be a correction... Nobody can sustain such high prices, whether it is the $10 a gallon in Europe or $5 and $6 in the USA -- it is not sustainable." He added, "...most likely anything that goes up quickly comes down also, so I see oil prices coming down in the near future. I cannot tell you a specific day, but eventually it will come down and it will crash. It will crash by all means because it did not take anything for oil prices to reach $107, $108, $109...or even the $100 level..." He stated that when the correction comes, "It is going to hit hard the economies of everyone, whether it is the oil producers or the oil consumers.”


This is of critical importance for the American people to understand as just like the United States today, the Soviet Union in the late 1980’s was embroiled in an unending war against the Muslim peoples of the World when the price of oil collapsed cutting off its access for much needed foreign currency leading to its complete economic implosion and its end as a Superpower.


Today the United States, as the 17th largest exporter of oil in the World, has seen its daily oil export revenues decrease by an astounding $700 billion per day as the price of this commodity has fallen from its 3-month-ago high near $150 a barrel to its current price near $70, and all occurring during a time that the American people are facing their worst economic crisis since the Great Depression leaving them unable to borrow on the World Markets the funds needed to finance their wars, or lifestyles.


Even worse, the United States has been forced to surrender its power to appoint the World Bank president, a power it has held since the ending of World War II which was delegated to it by the United Nations Monetary and Financial Conference (known also as the Bretton Woods conference) to ‘regulate the international monetary and financial order’ after the conclusion of the war.

To coincide with the coming destruction of the United States, the monetary and financial order of the World is also being changed to reflect this fact as French President Sarkozy and European Commission President Barroso have just forced President Bush to accede to Global demands to hold an emergency summit in November where the US Dollar will lose its long standing as the reserve currency for Global transactions, most particularly in oil.


The American people, however, continue to remain in near total ignorance of their impending fate still failing to realize that a United States economy supported by 70 percent of its citizens continually buying things they don’t need while they owe over $25 Trillion in debt on their credit cards they are now using for their most basis of needs, is an economic system that can do nothing else but collapse in a way that will shock these poor people unlike anything ever occurring in their lifetime.


Not to be overlooked is that with the coming breakup of the United States their once stalwart ally Israel will be doomed as the Americans continue to be the only Nation still supporting the Jewish State against a rising tide of World condemnation for their imprisonment of the Palestinian people.


Most surprising of all of these events is that unlike the warnings being shouted to the American people, like us from outside their shores, that they have continually mocked and ignored, now these warnings are being issued in their own country, and two examples of this are:


On their most watched cable news network CNN it is being reported that members of the US Congress were threatened with martial law and further stated that nearly all of America’s elite political class have been buying up books on post World War I Germany’s Weimar Republic which they state the United States is soon to resemble with interest rates hitting astronomical highs as the US dollar totally collapses.


Top American writer Naomi Wolf has warned her fellow citizens: “Because Americans like me were born in freedom, we have a hard time even considering that it is possible for us to become as unfree - domestically - as many other nations. Because we no longer learn much about our rights or our system of government - the task of being aware of the constitution has been outsourced from citizens' ownership to being the domain of professionals such as lawyers and professors - we scarcely recognise the checks and balances that the founders put in place, even as they are being systematically dismantled. Because we don't learn much about European history, the setting up of a department of "homeland" security - remember who else was keen on the word "homeland" - didn't raise the alarm bells it might have.”


But, to the full consequences of their coming breakup the American people are facing Ms Wolf has issued her most dire warning yet in stating that for the first time since their Civil War US Combat Troops are ready to take to the streets throughout the United States to eliminate any, and all, dissention against them.


One can only wonder when, or if, these American people will finally awaken to the dangers they face so that they might prepare themselves for survival in the strange World suddenly enveloping them in its evil embrace. For them to do nothing borders on the insane, but if this past decade has shown us anything it is that most of them are.


Michael

michael@2008-2012.org



Thursday, 16 October 2008

New regulations and a clamp down on Hedge Funds



Dear Readers!

I post two news articles, that show and proof that we are going toward a totally controlled monetary system. These events are a preparation for introducin what the Revelation calls "the mark of the beast". Nobody will be able to buy or sell without signing an agreement to take this "mark".

World events are moving quickly. Now that basically all goverments have given guarantees and have huge liabilities on their accounts, we will see an even worse breakdown of the markets. But this time it will not be banks that need to be "bailed out" because of bankruptcy, it will be states and goverments. Only the UN will be able to do that on this advanced level. Total control will be the result...

BRUSSELS, Oct 15 (Reuters) - President Nicolas Sarkozy called at a European Union summit on Wednesday for a clamp-down on hedge funds and offshore centres as part of efforts to better regulate the world financial system.

"I would propose a simple principle, that no financial institution should escape regulation and supervision," he said according to a copy of a speech to the EU summit in Brussels.


"I am thinking, for example, of the regulation that we must apply to the rating agencies, and of the necessary supervision of hedge funds...We must also work to eliminate the grey areas that undermine our efforts at coordination, in this case the offshore centres," he said. (Reporting by Francois Murphy; writing by Mark John)



European Union leaders are set to call Thursday for the creation of international boards to oversee at least the world's 30 biggest banks and financial institutions.


The latest effort to step up regulation to address the global financial crisis is based on a proposal by U.K. Prime Minister Gordon Brown, and comes as Mr. Brown and the EU have taken the lead in responding to the crisis.
The proposed supervisory body would consist of regulatory officials from big countries and financial centers, EU officials said.

The goal would be to enhance communication and response plans for bank operations world-wide, they said.
That would face the significant challenge of getting the U.S. and others to cooperate.

"These are the kinds of issues that have been discussed at the Financial Stability Forum and the IMF. We will have an opportunity to discuss these -- and the ideas of others -- at the appropriate time," said White House spokesman Tony Fratto.
EU leaders backed the idea of a supervisory body at the start of a two-day summit Wednesday, according to diplomats from three countries.

The summit comes days after the EU's biggest economies agreed on a coordinated €2 trillion ($2.7 trillion) plan to prop up their biggest banks by buying equity stakes and guaranteeing debt. That move, which echoed a call by the Group of Seven leading nations, was rapidly followed by the U.S. All 27 EU members voted Wednesday to approve the bailout plan.


Mr. Brown said the world needs a "new Bretton Woods," a reference to the 1944 conference in New Hampshire that set up the basic rules for international banking, finance and monetary policy, and established the International Monetary Fund, which bails out countries in crisis. Mr. Brown began pushing for such a body in 1998 after the Asian financial crisis, when he was U.K. Treasury chief. The proposals are expected to be included in the summit's conclusions Thursday. Mr. Brown wants new and stricter international standards for the amount of capital reserves banks should hold and rules forcing financial markets to open their books, U.K. diplomats said.

The White House released a joint statement from the Group of Eight leading nations -- four EU countries and Japan, Canada, Russia and the U.S. -- promising to meet "at an appropriate time in the near future" to discuss ways of reforming regulation of the world's financial sectors.


French President Nicolas Sarkozy and other European leaders claimed credit for imposing calm on financial markets. "For the first time Europeans showed their ability to act in an emergency in a coordinated way," said Mr. Sarkozy. "The reform can't stop at Europe. The economy is global."
EU leaders have no option but to take their campaign for tighter supervision of international banks beyond Europe's borders, Mr. Sarkozy said, "because it doesn't work if you regulate one half of the world lightly, and ignore the other half."

The French president said he was confident he could win over China and the U.S. He said he will visit both countries in the next two weeks.
EU diplomats dismissed concerns that even with U.S. backing, they might have a hard time selling their plan to the rest of the world, considering that the Doha Round of world trade talks collapsed this summer because the world's biggest economic powers -- the EU, U.S., China, Japan, India and Brazil -- couldn't find common ground.

Any move to create supervisory agencies would build on an existing EU proposal for regulators from the countries in which a bank operates to share information on the bank and coordinate a response if it gets into trouble. EU countries could also end up bickering among themselves about the fine print. The U.K. is unlikely to agree with Mr. Sarkozy's call for financial supervision to be extended to hedge funds, or to eliminate offshore financial centers. London is a big center for hedge funds, and on the European stage the U.K. represents the Channel Islands and the Isle of Man, which are large offshore financial centers.

The talks on finance overshadowed other items on the EU summit's agenda: Georgia's conflict with Russia, EU carbon-emissions targets and Ireland's referendum vote to block a treaty that would give the EU its first permanent president.
—John D. McKinnon in Washington contributed to this article.

Michael
michael@2008-2012.org