It’s not a great depression or recession. A ‘greatest’ depression’ is coming!

By | 2018-06-29T17:04:34+00:00 2010.07.09.|

The Rats are Cornered

This email will be pretty brief as I am still getting used to
getting back to the fake world.  Although I did work a little every day
and kept up with the major news both financial and otherwise I am
certainly behind on the details.  This is how I would summarize what
has gone on and where we are headed.  The stimulus and gimmicks
initiated by a desperate political class prodded on by our Keynesian
witch-doctors Summers and Geithner ran their course and at the end of
that road was a massive pile of debt, chronic unemployment, a populace
that doesn’t believe or trust anything the government says or does and
a housing market set to resume its downward spiral.  So basically the
forces of deflation have taken over once again. Banana Ben Bernanke
knows it and he knows what he wants to do about it.  He wants to print
so much money it would make your head spin.  He wants to drop nuclear
bombs of QE2 all over this great land.  That is his answer to
everything.  The man is 100% insane according to Einstein’s
definition.  I quote: “The definition of insanity is doing the same
thing over and over again and expecting different results.”

There is a major problem however.  Bernanke knows how unpopular he
and his fascist institution are right now after all of the crimes they
have committed in plain view since 2008.  As such, he knows he needs
cover for QE2 and that means some sort of deflationary shock that
scares the masses and makes many clamor for help like sad, scared
little children (we are being conditioned like animals).  This is why I
think the Fed and others have been fine with the recent market plunge. 
The only issue for them is they absolutely need gold, silver and other
commodities to collapse as well.  Bernanke cannot have the S&P500
at 850 and gold at 1,200 and announce QE2.  Gold would surge to new
highs and it would look horrible.  This is why so much emphasis is
being placed on getting gold and silver to retreat in a major way via
propaganda pieces and also likely surreptitious selling behind the
scenes.  While there has been a decent pullback, it is nothing close to
what they need and I am particularly impressed with how well silver is
hanging in.  I think this is due to a run on physical silver by
investors and the dearth of government or central bank stockpiles to
sell in the shadows. 

This is what I mean by the rats being cornered.  So far they have
failed in decimating the precious metals markets and if they can’t do
that in a deflationary scare then they are in huge trouble.  Of course
they will never stop trying because they are addicted to power and
control and will do almost anything to protect their positions.  I
think a key thing to think about now that we must accept that they are
in a corner is what is the next move on the chess board.  I read this
from Jesse’s Caf? yesterday, Currency Wars: Selling the Rope

What is disconcerting to me, and you can see it to some extent
in Rickards own work, is that the Wall Street financiers clearly have
their eyes on the Pentagon budget: opaque, patriotically defensible,
and huge. A currency war, with the Wall Street crowd providing tactics
and weaponry and mercenaries to both the US and to its adversaries,
might make the bonuses taken from the mortgage bubble look like pocket
change by comparison. It’s an old idea really, the basis of some
legendary fortunes, adapted to the modern world. It produces nothing
but misery, while transferring wealth from the many to the few.

Ok, so this fits into a lot of what I have been warning about for
some time now.  Namely that once they lose control they will go to the
next plan which is pure desperation.  They will single out the two
greatest threats to their power and I think those two things are: 1)
Gold and Silver (independent money) 2) The Internet (free speech).  If
they can’t control the population with inane television and propaganda
they will demonize these major threats.  This will probably be sold to
public in the name of national security since who could argue with that
(if you do argue you will be labeled unpatriotic or a terrorist).  So
expect more and more announcements of Russian and Chinese cyber attacks
or the like, which will be used as an attempt to censor the web and
there will also be more and more news stories related to gold and
silver being used by terrorists or those that wish to harm “America”
(which is not the Republic but a small group of corporate, financial
and political elites from both owned parties that have control via the
monetary system).  This group will then use “national security
concerns” as a further justification to grab even more power and wield
it in the name of protecting us from whatever threat they wish to use,
real or fabricated.

What can we Do?
For those that care about real freedom, genuine progressive
reforms and this Republic in general there are all sorts of things you
can do and they are being done all over the place.  I actually think
this group will fail miserably and ultimately be brought to justice.  I
simply think too many smart people have woken up to the scam and the
entire system will implode on itself.  So as I have written before the
key is NOT to be consumed by fear but rather to take action.  Get your
finances in order with gold and silver and other real assets but also
get mentally and emotionally prepared.  This is because if you are not
in a position to help your neighbors then you are no good to anyone. 
This will not be about hunkering down in a bunker and emerging rich
once the dust settles.  It is about staying intact financially and
emotionally so that you can help rebuild a better nation when the
current world paradigm comes to an end which should happen swiftly
within the next 1-2 years.  Most importantly do not look for leaders to
save anything or anyone.  It not about looking outside it’s about
looking inside as Gandhi said.  If we become the change we want to see
in the world the world will change.  Messianic leaders are a myth and
meant to control you and stop you from personal action and independent
thought.  Thinking a new leader will change the world just gives you an
excuse to be lazy.   

Let’s do this,

Mike

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