IF Issue: Saturday April 30, 2011

Excerpts from the latest issue:

http://youtu.be/RS3m3MetuJA
Freedom Files w/James Burns

Weekdays! 3-5 pm (Central)http://freedomfiles.us/

http://tinyurl.com/Bob-Chapman-4-28-2011
Kerry H. Lutz

US MARKETS

We keep searching Congress for leadership and all we see and hear is compromises and moneyed footsteps leading back to their controllers on Wall Street and in banking. We find few willing to stand up to the military industrial complex or the moneyed powers that control our country. Spending restraint is very difficult to find.

We are supposed to be two years into an economic recovery. Tell that to those with stagnant wages who have to fight against 10% inflation, which our government ingeniously tells us, is 1.9%. Some $900 billion or more will have been created out of thin air by the Fed and spent buying Treasury and Agency bonds, notes and bills and the $862 billion consigned to the economy in December will all have been spent. We are about to enter the next round in June. Will there be austerity or rampant inflation, the result of $1.8 trillion in spending, or will we get trillions more funding from the Fed? We think we will get the funding, because little help can come from Congress. If such events unfold you can expect an upward move in real interest rates to offset a negative rating and more injections of money and credit. As we meander through the statistics that are available and the lack of domestic and foreign support, we can only conclude that the

Treasury market is a bubble fostered by the Fed. When that bubble eventually bursts there will be no one there to pick up the pieces. The bankers and Wall Street have again gone too far. This bubble is far more dangerous than the real estate and mortgage bubbles, because it affects all financial markets and incomes. There is no entity capable of bailing out the system and that is why there is such a demand for gold and silver – the only real money. All the mortgage bubble did was soften up the Fed for this next coming blow. Adding to this misery is municipal, state, corporate and personal debt. The downgrade from AAA for US government debt is 100% surety over the next couple of years. It looks like it has been decided that European debt is to collapse first.

The ECB, eurozone IMF meeting in Athens in this coming week will decide that. We expect default but what the numbers will be no one knows. A default of 40 to 70 percent is in the cards. If the bankers insist on collateral such as almost all Greek government assets there will be no partial default; it will mean full default. The PM and his party does not have anywhere near the votes to get such legislation passed. The bankers and other sovereign lenders are stuck this time. It is ironic that six months ago Germany was offered 50% default by the Greeks and rejected it. The Germans did not understand the full scope of the PIIGS problems and they could not envision Belgium in the wings ready to join the failures. They could not see, as we predicted, a $4 trillion unpayable bill to bail out these victims of one interest rate fits all, a colossal blunder from the very beginning. In anticipation of this the bankers and others have mistakenly driven the euro to $1.48 and it may move higher because when the world sees Europe’s terrible situation the euro will fall and that will keep a USDX dollar at 72.90 from plunging to 71.18 at least temporarily.

We do not believe Americans and most of Europe understand the impact of the European banking crisis. The meeting in Athens next week to restructure Greek debt probably will trigger a EU-wide banking crisis, which we have been warning about for the past two years. We do not see Greeks, Irish or Portuguese living in poverty for the next 50 years just to make sure the bankers get their money back, which the bankers created out of thin air. Greek debt to GDP is 150% and no country has ever survived such debt. There has to be default. In the wings Ireland, Portugal and Spain are watching intently to see which way they should fall. On the other side of the debate Germans and Finns do not want to spend one more euro on this problem. Let them default and leave the euro. They should have never been in the euro in the first place. The EU is fighting with Ireland as well over corporate taxation. If Ireland losses that advantage they’ll go back to growing potatoes. Greek Parliament will not accept more austerity, Ireland may walk away from bailing out the banks and Portugal may just give up and default. Next week will be an exciting one that may change Europe forever.

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IF Issue: Wednesday April 27, 2011

Excerpts from the latest issue:

April 25, 2011 (hour 2) –with JoyceRiley – The Power Hour http://archives2011.gcnlive.com/Archives2011/apr11/PowerHour/0425112.mp3

Kerry Lutz interview with Bob
http://tinyurl.com/Bob-Chapman-4-21-2011

US MARKETS

We believe there will be something similar to a QE3 by another name and the Fed will probably have to create some $2.5 trillion to buy Treasuries, Agencies, and toxic waste and perhaps inject funds into the economy. Japan certainly won’t be a buyer and probably will be a seller. China has indicated that they won’t be purchasers in the future either. The question also arises concerning the continued purchase of these securities by countries in the oil producing Gulf States, which are in turmoil. The three countries make up 45% of Treasury purchases. As we pointed out in previous issues the second half of 2011 should be monstrous. Even if the fed buys all the Treasury and Agency bonds they’ll still have to deal with a lower dollar and high inflation. Then there is high unemployment and raging gold and silver prices. There is also the question of US debt, federal, state and municipal debt, along with wars in the Middle East and North Africa.            How many US Treasuries will Japan have to sell and how deeply will its slowdown effect American industry? As you can see America has much to contemplate.

The creation of monetary inflation will last at least two more years. Its end will only come when the Fed takes its foot off of the pedal. Like almost zero interest rates this policy cannot be allowed to stop. The system cannot function without it. The whole concept of throwing money at a problem simply doesn’t work and the elitists know this only too well.

Monetary and fiscal creations are not the only mistakes being made by the Fed and our Congress. US and world markets are being subjected to non-stop manipulation. This corruption has destroyed all free markets. Stock and bond markets are supported and gold, silver and commodities attacked. Fortunately markets now recognize what the elitists are up too and each time they interfere they lose a little more power. It points up that a criminal syndicate is running our country. These tactics are used to extend the looting period allowing further harvesting of elicit profits. The US and many other nations have been allowed to live beyond their means for many years and that condition is being brought to a conclusion. This, of course, is very true of the US due to the dollar being the world’s reserve currency. That is changing, as nations want this unfair advantage ended, especially in view of the fact that the American government and financial community have so abused their privilege.

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IF Issue: Saturday April 23, 2011

Excerpts from the latest issue:

A radio program with Kerry Lutz in NYC

http://tinyurl.com/3obba2l

http://youtu.be/FDxBVRKVU-k
Freedom Files w/James Burns
Weekdays! 3-5 pm (Central)
http://freedomfiles.us/

Bob interview with Brent Johnson:

https://www.yousendit.com/protrialsignup?s=19041&cid=tr-cv-web-hiw-learn-gst-recipb-null-19041

Kerry Lutz w/Bob Chapman

http://tinyurl.com/3lgpavx

US MARKETS

            Economic recovery does not seem to be taking effect in spite of more massive expenditures by Congress and the Fed. The IMF says financial stability has improved, but then again their vision is almost always clouded. US tax revenues are not increasing in a meaningful way, manufacturing struggles to expand and Wall Street flourishes in a cascade of mega salaries and bonuses. In another six months the US will be three years what the government, the media and Wall Street call a deep recession. We call it an inflationary depression, which has existed for 26 months. After eight years of increasing money and credit, and the creation of a real estate bubble, the Fed has been fighting off asset destruction with ever more money and credit accompanied by debt deflation. Part of the Fed’s policy has been zero interest rates, which has helped Wall Street and banking and to a limited extent real estate, but has destroyed the purchasing power of retirees and has driven funds into speculation, which in many cases has ended in ever more losses and less buying power.

            The policy left conservative investors no place to turn to other than to join Wall Street and bankers in speculation, something they were not prepared for nor could they compete with. Borrowers have had a field day with virtually free money for which the result has been higher inflation and really major unemployment. You might call this the true Keynesian corporatist fascist model. This has left us with ongoing malinvestment, ridiculous illusions, which have led to the de-capitalizing of the US economy. In that process these interest free loans have given the big hitters the opportunity to enhance their fortunes at the expense of everyone else.

            These rates and QE2 at least for the moment have been so powerful that deflation is nowhere in sight, except perhaps in job creation. In fact net inflation has moved up to 9-1/2% and we believe this year it will attain 14%, as government eventually admits to 5-1/2%, as we saw three years ago. If you think we are wrong look at producer prices that are up almost 11% over the past six months. Government and mainline economists are not paying attention. Either the higher costs are passed on or the profits will disappear. Just like in years past, over and over again, the excessive expansionism of monetary and fiscal policy will produce excessive inflation, more inflation than the so-called experts are anticipating.

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IF Issue: Wednesday April 20, 2011

Excerpts from the latest issue:

http://www.youtube.com/watch?v=m27kBMgd4dU

http://www.presstv.ir/usdetail/175112.html   

Ali Noorani

Coordinator and Production Assistant

US Desk

Press TV

noorani@presstv.ir

BOB CHAPMAN : HOW IT WILL ALL END - Debt Jubilee or WWIII

http://www.youtube.com/watch?v=5_jc_bxSeFc&feature=autoplay&list=ULTiLKUlaNc3Y&index=7&playnext=5

US MARKETS

            Many banks are insolvent, yet are allowed to stay in business. Being allowed to keep two sets of books is obscuring their real estate loan problems. This is the shadow inventory you sometimes hear about. Those millions of homes “that exist, but they don’t.” They presently admit to owning some 1 million homes they cannot sell, which is almost 25% higher than last year. If you put everything together you could be looking at an 8-year supply. Making matters worse lenders are holding homes on the books at values 40% higher than what they are worth. This is very similar to what is going on in Spain presently. We’ll say this one more time. Most major banks and some middle tier and small institutions are broke and you are being lied to regarding their condition.

As we predicted in June of 2005 that the housing market would crash we also predicted a 10 to 40 year fall and consolidation in housing. Most people can reflect on these past six years, but cannot perceive the future for housing. Market activity has fallen by almost 1/3rd, as housing prices fell ever lower. Although we do not see an increase in official interest rates we can easily see mortgages at 5-5/8% by the end of the year and 6-1/2% at the end of 2012. Lenders are going to have to demand 10% to 20% down. That will not only further decrease sales volume, but it will further depress prices. These rates may seem high, but inflation will be between 14% and 30% over that 1-1/2 to 2 year span.

            Since 2006 house prices are down 32% and over the next year they will probably fall close to 40% from their highs. The Fed may have temporarily saved banking and Wall Street, but little has been done to solve the unemployment problem. If you have no job you cannot buy a house, not with real unemployment at 22%. As a result new home sales fell 28% in February, as their inventories rose to 8.9-month’s sales. Our question is with such a tremendous home inventory overhang, why are builders building more homes, some 550,000 a year. They have to be dumber than rocks. Existing houses for sale rise every day plus there are more than a million in the foreclosure crisis. House prices still have to hit bottom and that is probably 30% lower and probably 3 years away. It is hard to get real estate going with unemployment at 20% and forced part-time employment at 10 million workers. Deceptive government statistics can only hold back reality for so long. People are finally seeing the truth of what unemployment and under-employment really are. Labor deterioration is accompanied by gas and food inflation. People at work paying steeply higher prices are in no position to buy a home. Feeding the family comes first. As a result of forced Fed policies we also have a falling dollar that increases prices for imported goods.

Everyone seems to think things are just great in China. That is not the case at all. China has done what most other countries have done and that is excessively expand its employment of money and credit. We have spoken of this before, but as usual few were listening. Most experts seem to be blind to the market distortions caused by the excessive creation of money and credit. Sometimes China’s actions make us think that perhaps they are taking orders from Washington. Be as it may, if they are not, they have sure chosen the wrong model.

We believe the issuance of money and credit will increase to keep the world economy from collapsing and inflation will continue to grow, eventually ending in hyperinflation a few years hence. It is the only game governments know and you can be assured they play it again, as they have in the past. There is nothing transitory about what is going on inflation-wise, and policy makers all know this. All they are doing is kicking the can down the road to buy time, hoping hope against hope, somehow there will be a miracle. The only solution they have, like their predecessors, is to have another war. A 50% reduction in world population would suit them just fine. What we are seeing has been in the works for years by our master planners, who create these situations to maintain control. A combination of falling currencies versus gold and silver for the last 11 years by more than 20% should be a lesson for those who want to safely invest their wealth. As we have said for many years investing in gold and silver shares, coins and bullion is a lock. An un-losable bet that has been a reality for 11 years. Soon China and other dollar holders will almost totally back away from the US debt market, and that is already in process. The Fed is currently buying 83% of Treasury and Agency debt.

Since August 15, 1971 the dollar has lost 98% of its purchasing power and now in each family there has to be two breadwinners, because one no longer suffices. Over those almost 40 years bondholders have been losers, which proves the point that without gold backing a world reserve currency cannot work. As a result sovereign nations are buying gold. China and Russia buy domestically produced gold as well as being buyers in the marketplace. A number of other nations have been buyers. Argentina, Mexico, Brazil, Iran, India and a host of smaller countries. China has been aggressively trying to get their citizens to buy gold and silver and it has worked in a big way. The population is not only dumping dollars, but due to high local inflation they are dumping their own domestic currency as well, something the government did not anticipate. China wants the yuan to be the next world’s reserve currency and they know the only way that can happen is to have gold backing. Whatever is chosen to be the world reserve currency it is obvious that it will have to be gold backed. China in anticipation wants to settle foreign transactions with the yuan not the US dollar by the end of the year. As China accumulates gold the US Treasury and the Fed will do everything possible to manipulate gold, silver and share prices lower. In that process the dollar slides lower versus other major currencies and gold and silver.

CANADA

            Canada’s inflation rate accelerated in March to the fastest in 2 1/2 years, exceeding all economist forecasts, with widespread increases led by energy costs.

Consumer prices rose 3.3 percent from a year earlier after a 2.2 percent gain in February, Statistics Canada said today in Ottawa. Prices were up 1.1 percent on a monthly basis, the fastest since January 1991. Both gains exceeded the highest forecasts in Bloomberg surveys of 25 responses, which had median estimates of 2.8 percent for annual inflation and 0.6 percent for the monthly figure.

            The report exceeds the Bank of Canada’s April 13 forecast that inflation would reach 3 percent by June, driven by temporary factors such as energy costs and higher provincial sales taxes. The economy has “material excess supply” that will lead overall and core inflation to converge at the 2 percent target in mid-2012, the bank projected.

“It definitely puts the pressure back on the Bank of Canada to raise interest rates,” said Sheryl King, head of Canada economics at Bank of America Merrill Lynch in Toronto. “It’s not going to be the end” for inflation pressures, she said, adding the economy may already be operating at full output, compared with the central bank’s prediction this will happen in the middle of next year.

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IF Issue: Saturday April 16, 2011

Excerpts from the latest issue:

Serious call to war by a serious warrior.

"You control our world.  You’ve poisoned the air we breathe, contaminated the water we drink, and copyrighted the food we eat.  We fight in your wars, die for your causes, and sacrifice our freedoms to protect you.  You’ve liquidated our savings, destroyed our middle class, and used our tax dollars to bailout your unending greed. We are slaves to your corporations, zombies to your airwaves, servants to your decadence. You’ve stolen our elections, assassinated our leaders, and abolished our basic rights as human beings. You own our property, shipped away our jobs, and shredded our unions. You’ve profited off of disaster, destabilized our currencies, and raised our cost of living. You’ve monopolized our freedom, stripped away our education, and have almost extinguished our flame.

We are hit… we are bleeding… but we ain’t got time to bleed.
We will bring the giants to their knees and you will witness our revolution!"
Sincerely,
The Serfs. Head Serf: Jesse Ventura

Link from a Fellow subscriber:

THE MOST IMPORTANT 30 MINUTES YOU WILL EVER SPEND IN YOUR LIFE IS ON THIS VIDEO...WATCH IT, SHARE IT...DO SOMETHING ABOUT IT! JEFFREY B. KLEIN M.D., CONSTITUTIONAL LIBERTARIAN

www.infowars.com/the-american-dream-founders-warned-against-current-financial-system

Exclusive Interview with Bob Chapman–The International Forecaster w/Kerry Lutz

http://creditmatters.podbean.com/2011/04/14/exclusive-interview-with-bob-chapman-the-international-forecaster/

http://youtu.be/kQ8GZWvVpF8
Freedom Files w/James Burns
Weekdays! 3-5 pm (Central)
http://freedomfiles.us/

Interview 315 – Bob Chapman

The Corbett Report

http://www.corbettreport.com/interview-315-bob-chapman/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+CorbettReportRSS+%28The+Corbett+Report%29

Bob Chapman - Gold Silver and SLV - 04-12-2011

http://www.youtube.com/watch?v=BI9E5dZT17o&feature=youtu.be

US MARKETS

Europe continues to struggle from one problem to another. The euro has been strong only because the dollar has been weak. The governments of Greece, Ireland, Portugal and Spain continue their balancing acts on the edge of a financial precipice. All have Socialist governments, which have done terrible jobs, but the opposition is not much better. Each economy is in serious trouble and if Italy and Belgium follow it will take $4 trillion to bail them out. If the solvent EU members bail them out they’ll fail as well. Americans and Brits can look down their noses, but their problems are just as bad if not worse. They all have practiced different versions of Keynesian economics that has been disastrous. Their fiscal and monetary policies have been and continue to be out of control, as corruption abounds. The solutions are unpalatable, especially for politicians, because they all spell austerity. We have just seen the European Central Bank raise interest rates as euro zone economies slow, as they hope to arrest 2.8% official inflation. Real inflation is double that number.

We predicted $4 trillion would be needed to bail out Europe some time ago and Germany and the other solvent nations have come to the same conclusion. Even if it were possible, those six nations would live in poverty for the next 50 years. That is hardly a solution. The underlying problem lies with the central banks and the lending banks. Loans to these nations for whatever reason should have never been made in the first place. The bankers who lend money that they create out of thin air knew what they were doing and they knew full well the risks they were taking; 80% of the blame lies at their feet, thus, 80% of the bill is their responsibility, not that of the taxpayers of these countries. Months ago Germany was offered 50 cents on the dollar to settle its debt owed by Greece. The offer was rejected. In time that rejection will be viewed as a major mistake. As a result Greece’s Illuminist president is in the process of laying plans to collateralize new debt repayment commitments with Greek assets such as islands, ports, the rail system, the electric and gas companies and any asset not nailed down. That is why George Soros had top people from JPMorgan Chase and Goldman Sachs with him two weeks ago when be attended secret meetings in Athens. The underlying theme is let’s steal everything. Greek GDP will probably fall 4% this year, as wages and salaries have been slashed. Banks like JPM and GS that create money out of thin air do not care about the money, they want the assets.

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IF Issue: Wednesday April 13, 2011

Excerpts from the latest issue:

Bob Chapman w/Alan & Steve – starts at 10:44 OYMIreland (scroll down to show 40)

http://www.oymireland.com/show-archives.html

The Power Hour with Joyce Riley this morning. 

http://archives2010.gcnlive.com/Archives2010/aug10/PowerHour/0802102.mp3

April 11, 2011 (hour 2) http://archives2011.gcnlive.com/Archives2011/apr11/PowerHour/0411112.mp3

US MARKETS

Neither government nor anyone is smarter than the markets. As they say the trend is your friend. All you have to do is get on for the ride. It’s really as simple as that. The trick is picking the trend. We were fortunate enough to pick gold and silver in June of 2000. We went long and stayed long all those years only occasionally making a trade. Every time there was a correction we recommended further purchases.

It has been unfortunate that the US government, other central banks, including the Federal Reserve, chose to attempt to manipulate those markets. They did retard the progress of these two metals and they are still doing so, but in the end they will fail, because the markets are far bigger than they are and the collective wisdom of investors will always triumph over the narrow desires of petty elitists.

There certainly are two sides to every market. On one side you have the vested interests, who generally do not really understand the functions of gold and silver historically, they’ll never understand and don’t really care to understand. This might be called the establishment viewpoint. In fact the entrenchment is so deep that people who believe in gold and silver are scorned and some brokerage houses won’t even allow trades in gold and silver shares, coins and bullion. We ran into this problem as long ago as the early 1960s. In fact it forced us to become a principal of a firm as long ago as 1968. The rise of gold and silver threatens the status quo. If you see the values of gold and silver you threaten the fiat system and how it fleeces the investors.

Then we have those who should know better who attempt to out guess the precious metals market and in that process prove to be consistently wrong costing their subscribers and others losses and as important lost opportunities. All to often it is the pursuit of fame and challenging a market that cannot be challenged. Usually unfortunate decisions are due to a lack of knowledge or a penchant to sensationalize in order to capitalize. This often leads to some pretty dumb decisions. Over the last $500 move in gold, and $30.00 move in silver we have seen 96% of letter writers, economists and analysts render wrong decisions. We do not find that surprising, because most of them have never been in the belly of the beast nor do they know history, particularly economic and financial history.

For many years we have faced the deliberate and gradual destruction of our economic and financial system by those who want to be mega-rich and to implement world government. The global monetary system is being deliberately imploded, particularly in the US, UK and Europe, the regions of great success over the past 1,000 years. Creating and forcing an edge does not work. Such opportunities come naturally if you are doing the right thing and understand the history and reasons why things are happening the way they are. There is a big picture, but you have to understand all the facets that make the picture complete. Those who wallow in mediocrity can and do cost investors lots of money and lost opportunities.

Gold and silver are intimately intertwined in our lives as a standard and store of value, but there are those who have told us over the centuries that fiat money is better. History has proven over and over that is not true. Such thinking has destroyed many civilizations.

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IF Issue: Saturday April 9, 2011

Bob Chapman: Big Bank & Gov.’t Silver & Gold Defaults to Drive Gold, Silver, Juniors to the Moon - Tekoa

http://www.contraryinvestorscafe.com/bobchapman/

http://youtu.be/vhF7gd2-XNE 
Bob Chapman - Freedom Files w/James Burns
Weekdays! 3-5 pm (Central)http://freedomfiles.us/

US MARKETS

          We see signs that American workers are getting worn out. Management may have squeezed the last drops of extra work that they can out of them.  That has been reflected in the latest worker productivity. Since WWII the average increase has been 2-1/2% year after year, but last week’s numbers were terrible, up only 0.2% per year. Europe and the US have been able in part to offset advantages of foreign producers by consistently getting better productivity results. For those of you that are new to these statistics, they are a reflection of labor productivity, or advances in the way work is done. Such previous success have allowed companies to get the job done with fewer employees and in instances to offshore some work to take advantage of cheap foreign labor. If you use a combination of labor and investment funds, recent results are only up 0.1% for 2009. Those numbers are usually about half of regular productivity numbers. What low overall numbers mean is that throwing money at manufacturing problems is not working as well as it has in the past.

            Recessions tend to supply lower figures and that is understandable. We are currently in an inflationary depression and have been since February of 2009, just over two years ago. Few economists agree with us, but that is normal. A few catch up in 8 to 12 months, the rest take two or more years.

Higher interest rates tend to be a factor, a negative factor. The higher the rates the larger the impact on the use of investible funds and productivity. The negative side coming from the cost of funds. During our recent depression the cost of funds has not been a factor, because interest rates are very low. As rates eventually move higher they will negatively impact employment at the worst possible time. Those higher rates will as well inhibit the level of capital investment and will contribute to corporate insolvencies. During the beginnings of this depression employment has paid a very heavy price, as corporate profits have boomed. Unemployment rates are about half of what they were during the “Great Depression.” Current long-term unemployment is terrible and many over 40 years old caught in that web will never work again.

It is very discouraging and disconcerting when workers train foreigners to do their jobs and are then fired. The jobs go to some foreign land and the new worker is paid 20% or 30% of what the terminated worker was paid. In addition companies, especially large corporations, are taking advantage of the breaks government is offering and buying labor saving equipment so that they do not have to hire or re-hire personnel. The result as we have seen is long-term unemployment, which in many cases means permanent unemployment, particularly for those over 40 years old.

Using invested capital, interest rates and manufacturing productivity, along with monetary policy gives one a possible overview of where the economy is eventually heading. They also give you a solid view of where gold and silver and commodities are headed. In 2000 after 20 years of being in the doldrums these factors, especially monetary policy, told us that we were embarking on a long-term bull market in gold and silver. The dreadful monetary policy of the 1990s had set the stage for what we have seen since June of 2000, almost 11 years. At this juncture we are as yet anywhere near where the top is, but it certainly is not here. We are in the process of stage 2, which should take us to $2,400 to $3,000 and then stage 3 to $6,000 to $8,000, based on real inflation since 1980. Obviously that figure will be higher three to five years from now. One of the good aspects of all this is that once devaluation, revaluation and multilateral default come. There will be no further reason for the Treasury, the Fed and other central banks to manipulate gold and silver prices, if the new world reserve currency is 25% gold backed and we believe that will become reality. The elitists want another fiat currency, but nations will not stand for a repeat of what they have seen during the tenure of the US dollar. You had all better hope we are right, because a fiat alternative would create another world monetary disaster.

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IF Issue: Wednesday April 6, 2011

4/5/11- Bob’s interview with "Curtis Wright on the beat"
"Right On Campus TV"

http://www.curtiswrightonline.com/media.html

(Audio clip is at the bottom right corner, "The Economic Times")

U.S. Markets

As each day passes the US dollar loses prestige and its status as a world reserve currency. Washington and Wall Street pay little attention to its slide and the changes a lower dollar and loss of reserve status will bring. Once the dollar is dethroned Americans will have to learn to live on the edges of the economic and financial world. Those of you who have not read G. Edward Griffins’ “Creature from Jekyll Island” should. It tells you why the Federal Reserve was created and why the Federal Reserve was created and what its function is. It also shows you why except for Wall Street, banking and selected elitist corporations why the system was designed to self-destruct. If you read economic and financial history you will discover why such economic and financial destruction takes place repeatedly and that more often than not does not happen due to incompetence, war or error, but it is planned that way. What has happened to the dollar since Bretton Woods and the planned removal of gold backing from the dollar is an example of deliberate destruction and in that process the destruction of the greatest nation in history. In that process of 97 years the wealthy and connected have become wealthier and powerful and have become even more so. They truly expect to exit this maelstrom and war as the leaders of the future. We have news for them. The power of talk radio and the Internet stretches worldwide and the world now understands what they are up too, and they are not going to be successful in their efforts to bring about world government. The collapse of the dollar is but one aspect in the change planned in the shift in world power.

The US budget deficit is a manifestation of the decline of America, its Executive, House and Senate 95% controlled by interests from behind the scenes. The agenda is not for the American people, the constituents, who put these people in power, but for the moneyed few who totally control them via campaign contributions, lobbying and other various nefarious means. We presently are being offered up a budget cut in a $1.7 billion budget deficit. What can the people behind the scenes be thinking of unless they want the government debt structure to implode?

CANADA

           

Rising energy and food costs will push consumer inflation in Canada toward the upper end of the central bank's comfort zone, business leaders said in a survey released on Monday.

            The results of the Bank of Canada's first-quarter business outlook survey could pressure the central bank to raise its key interest rate by mid-year as it seeks to keep inflation at the midpoint of its 1-3 percent target range.

            Fifty-eight percent of the senior business managers who participated in the poll predicted annual inflation between 2 percent and 3 percent over the next two years, up from 44 percent who thought that in the fourth quarter of last year.

            The percentage who saw inflation at 1-2 percent, the lower end of the range, fell to 21 percent from 47 percent. The majority still see CPI staying within the accepted range.

            Analysts said growing price pressures could force the bank to raise interest rates as early as July.

            "Stronger growth along with indications of rising inflationary expectations implies the growing need for the Bank of Canada to return to tightening mode," said Paul Ferley, assistant chief economist at the Royal Bank of Canada.

EUROPE

           

"The military buildup of NATO to Russian borders clearly indicates that the preparation for aggression is in full swing.

"The fact that the British, with the approval of our Ukrainian brothers, are honing the skills of warfare in the Crimea near Sevastopol, too, speaks volumes. These are the links of one chain, because since the establishment of the Rockefeller, International oligarchic capital has adopted a common policy of aggression against other countries.

"In fact, if we draw historical parallels, the world is in a state of 1939, i.e., before the start of a global war, whose precursor is the aggression of the U.S. and its satellites against Iraq and Afghanistan, and this time against Libya. The only question is when this "Black Sea Libya" happens.

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IF Issue: Saturday, April 2, 2011

Excerpts from the latest issue:

http://www.youtube.com/watch?v=sbPgcve9_bA
Bob Chapman- Freedom Files w/James Burns
Weekdays! 3-5 pm (Central)http://freedomfiles.us//

How Empires Decline (including ours)

Chalmers Johnson (1931-2010)

http://www.brasschecktv.com/page/1064.html

194. US Military Dictatorship as the Economy Goes Off a Cliff

http://www.lewrockwell.com/lewrockwell-show/2011/03/29/194-us-military-dictatorship-as-the-economy-goes-off-a-cliff/

US Markets

The seeds of today’s monetary problems were laid at Bretton Woods, NH in 1944, as a combination of socialists, communists and fascists laid the groundwork for the IMF, the World Bank and the eventual elimination of gold from the monetary world. The Federal Reserve’s role was to bring that about from behind the scenes.

In the intervening years in order to move toward those goals the banking system run by the privately run Federal Reserve, allowed banks, some of which were run by the owners of the Fed, such as JPMorgan Chase, Goldman Sachs and Citigroup, were allowed to run rough shod over the system, always knowing they would be bailed out by the public. These banks have had and continue to have a license to steal under the illegal Federal Reserve Act. Over and over again these banks, Wall Street, insurance companies and transnational corporations have been bailed out of their speculations under the aegis of too big to fail. The excuse has always been that it must be done to protect the public. These entities got to keep the gains and the public got to share in the losses. The public and 95% of those working on Wall Street and banking didn’t have a clue to what was really going on. The Fed and other major central banks were not only playing this Fed game domestically, but internationally as well. Over those years the Fed had been designated the lender of last resort. We saw them in action over the last 3-1/2 years during what was termed the credit crisis. The Fed’s job was to bail out not only the US banking system rent asunder by bank speculation in the mortgage market, but to also bail out the buyers of such mortgages, known as MBS and CDOs, sold to British and European banks and other financial entities, which had purchased 60% of the toxic waste. If you notice not one of these lenders or buyers ever filed a civil or criminal suit against these purveyors of what has become to be known as toxic waste.