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Wednesday, April 22, 2009

International Forecaster April 2009 (#7) - Gold, Silver, Economy + More

By: Bob Chapman, The International Forecaster

-- Posted Wednesday, 22 April 2009 ce: GoldSeek.com 

The following are some snippets from the most recent issue of the International Forecaster.  For the full 31 page issue, please see subscription information below.



The Truth Movement has become a real thorn in the side of the Illuminati.  So many people are now finally catching on to their sinister plans that their usual strategies are not working.  The facts and predictions divulged to the public via the Truth Movement have proved to be too accurate for the Illuminati to counter with their usual bogus rhetoric because no one believes them anymore.  The public, via the elitist-controlled fane-stream media, has listened to Illuminist marionettes, Buck-Busting Ben Bernanke, Hanky Panky Paulson, Caligula (Bush, Jr.), Dead-Eye Dick Cheney, and now our "beloved" Emperor Romulus Augustulus (Obama) and Tiny Tim Geithner, continue to lie to them pathologically, make ridiculous predictions that never come true and regale us with inane platitudes and silly pep talks about things like "hope," "change," "we see signs of improvement" and "recovery is just around the corner," when they know darn well that not only are things getting worse, these miscreants are doing everything they can to intentionally make matters worse by order of the Puppet Masters.


          People have caught on to the fact that the economic statistics produced by our government and its various agencies have no basis in reality, and that most of the so-called economists, shills, pundits and moronic talking heads on the fane-stream media are almost always wrong because being right means a trip to the unemployment lines, which are growing ever larger by the minute.  So the sheople are now finally starting to look to the people who have demonstrated more accuracy and integrity, and who are still miraculously given coverage by the fane-stream media, such as Jimmy Rogers, Peter Schiff, Michael Hudson, Joseph Stiglitz, Rick Santelli, Meredith Whitney and Elizabeth Warren, to name but a few.  These people are becoming virtual folk heroes because they are among the few people given wider coverage by the media who can still be looked to for some reasonable answers and explanations.


          The Illuminati now basically have three ways by which they attempt to discredit the Truth Movement, the third having been added recently because the first two have more or less fizzled out as the public wises up.  


          The first strategy to discredit the Truth Movement is to simply make direct attacks on the people getting the truth out and on the message they are disseminating.         This is done by putting their professional Illuminist mouthpieces on media presentations to refute what the Truth Movement is asserting while they dig up dirt on the speakers for purposes of orchestrating character assassinations.  This is not working by the simple fact that most assertions by the Truth Movement have proved to be true while those of the Illuminist mouthpieces have proved to be false.  The character assassinations don't work when the assertions of the speaker being attacked turn out to be true and the character assassins turn out to be the ones who are lacking in integrity.  It is like the pot trying to call the kettle black when the kettle is made of stainless steel.


          The second strategy is one where the Illuminati attempt to associate the facts and assertions of the Truth Movement with government operatives and disinformation specialists who are either media hosts or guests and who intentionally espouse crazy theories about things like space aliens, pseudo-science and New Age drivel.  These operatives mix crackpot theories with real "conspiracy theories" which we all know to be true.  As an example, they will talk about space aliens, and then move on to the Illuminati, the Federal Reserve and the New World Order.  The idea is to make it look like only crackpots wearing tinfoil hats and who also believe in Martians could ascribe to these ridiculous "conspiracy theories."  These media hosts and guests are well paid via handsome salaries, off-shore bank accounts, generous advertising contracts and all the airtime and coverage they could hope for, while they also cash in on web site advertisements, books, tapes, CD's and other items related to their shows.  Many of the so-called "callers" on these shows are also government "plants" who are used to "innocently" raise certain issues, which their host-operatives want to elicit.  The Internet is now so loaded with these masters of misdirection that you can hardly believe any of the content anymore.  That is why you need the IF, to help you separate the truth from the fiction. But once again, because the so-called "conspiracy theorists," like us, are having their assertions confirmed so often now, people are able to separate the truth from the quackery.  The fiendish Illuminati went overboard with this strategy, and it has now back-fired on them because it is so blatant and obvious and the goofball theories being mixed with legitimate theories are simply over-the-top.


          The third strategy is relatively new and shows how desperate the Illuminati are now.  Their pathological lies have largely been exposed, so they have no alternative now but to try to hijack the Truth Movement and make it their own.  They are now using certain elements of the fane-stream media, such as its so-called "conservative" talk-show hosts, who are really liberal socialists and fascists playacting as conservatives, to embrace certain elements of the Truth Movement, while watering it down, leaving out salient facts and then injecting it with enough kernels of disinformation to throw people off track so they can't get to the bottom of who is really behind all of this.  They will be coming up with all sorts of scapegoats now, just watch and see, who they will blame for all the problems predicted by the Truth Movement.      People like Buffett and Cramer have already been doing this to some degree, trying to give you insights similar to what the Truth Movement is asserting, but that are usually somewhat off the mark to throw you off track, which they use to manipulate non-insiders so that the PPT and Illuminist insiders are able to enlist their sheople-sucker-dupe-investors to move the markets around in whatever direction suits them at the time.


          The gyrations of the stock market on Monday and Tuesday of this week is a perfect example of this type of misdirection.


          On Monday, the markets tanked supposedly based on doubts about the legitimacy of bank earnings as espoused by the Truth Movement, as if this was some sort of new revelation, when quite a few professionals, and most insiders, have known that the financial statements of the various Illuminist financial institutions have been fairytales for the past two years, and really for the past two decades during which the Fed created a false prosperity with an ocean of money, credit, asset bubbles, low interest rates and zero regulation while fostering a Quadrillion Dollar Derivative Death-Star. They could have used any one of a myriad of reasons to take the markets down because of all the terrible economic news, but instead they chose to use the Truth Movement's revelations about bogus Illuminist bank earnings as part of their new machinations to shanghai the Truth Movement.


          Then on Tuesday, Tiny Tim says the bank rescue plan will work and strikes the right balance, so now all of sudden the doubts about the bank earnings are not quite so bad and the stock markets recover somewhat, even though absolutely nothing has changed.  Tiny Tim's Plan strikes the right balance all right, 100% for the Illuminist banks and financial institutions, and 0% for the sheople and the non-Illuminist banks and financial institutions. They get the gold mine; you get the shaft, ad nauseam.    These reasons for market movement that are pumped through the fane-stream media are just excuses the elitists use to move the markets up and down so they can make mega-profits from insider trading.  And to top it all off, this insider trading by the Illuminati and their henchmen on Wall Street is not subject to any regulatory review because the trades are made in the totally opaque and unregulated dark pools of liquidity such as Project Turquoise, Baikal and the OTC derivative market.  If you are not one of the anointed, you will become a crispy critter as the stock markets are gyrated to shake out, and to clean out, non-insiders.  Get out now while you still have some capital left and put it in gold, silver and their related shares.  


          This third strategy for discrediting the Truth Movement is also very similar to what the US Illuminist oligarchy did to Ron Paul.  When he was on the roll and starting to win debates, drum up huge money-bombs and get some serious votes, they enlisted the pro-amnesty, so-called Christian Mike Huckabee, aka Huckleberry Hell Hound, to capture voters from the Christian Right, who could not discern the difference between the Devil and Mother Theresa, much less between Ron Paul and Mike Huckabee. Incidentally, you might note that the Evangelical Movement is now dead in the US, and will go the way of Europe, absent a miracle from God, because the Christian Right aligned themselves with Satan, aka Caligula, and will never live it down in the minds of most Americans.  Christians do not want to be associated with such a murderous, thieving, war-mongering, seditious monster, so they are becoming liberal instead, with New Age ecumenicist Rick Warren as their new Pied Piper and abortionist Obama as their new agent for "hope" and "change."  Such a tragedy, and all the more so because it was totally avoidable if Christian leaders had exercised even the slightest bit of good judgment!  They probably still believe there is a difference between the Dumbo and Jackass parties!


          Now anyone who believes in or acts on the theories espoused by the Truth Movement, or who is a military veteran, is a potential radical and violent dissident, as disclosed by homosexual Janet Napolitano, or should we say Janet Napoleon, who is now head of the new Gestapo known as Homeland Security.  Ms. Goebbels should be immediately impeached for such an unjustified and blatant attack on the First Amendment and on patriotic Americans.  As this transpires, Emperor Romulus and miscreants Conyers and Frank plan to slam-dunk new hate speech legislation via HR 1913 to administer the coup de grace to the Christian Right and to Christians in general, as the ultimate disseminator of hate speech, God and His Holy Bible, are banned from public libraries while preachers bold enough to speak publicly against sin and perversion are hauled off to the "klink."  This is what former Bush-kissing, Conservative-Christian morons can expect from the new Romulus Administration and your elitist bootlickers in Congress.  Get on the horn with your "representatives" about these atrocities and give them hell!


          If you want to get rid of the Illuminist blight forever, leave your government officials, who are nothing more than pathetic little puppets, alone.  Putting anything other than political pressure on those who are in office would play right into the hands of the Illuminati and give them the excuse they need to implement martial law.  The ones to go after are the Puppet Masters in the top echelons, who do not currently hold public office, and whose names appear on lists of organizations such as the Trilateral Commission and the Council on Foreign Relations.  Let them know in no uncertain terms that they, their filthy wealth, their dark influence and their seditious machinations to subvert our Constitution and implement world government are no longer welcome in the United States of America.  We leave the methodology up to the American public, and their limitless ingenuity.  Once the Puppet Masters are run out of town, their marionettes will fall to the stage floor in a heap of strings and wooden sticks as their benefactors are no longer there to support them with limitless amounts of cash, equipment, media coverage, brain trusts and human resources.  We can then start over and try to get it right this time like our Founding Fathers.  Simply applying the Constitution the way it was intended to be applied should prove sufficient for this purpose.


Each day inflation continues to grow as we move deeper into inflationary depression. The actions, which cause this by the Fed, we forecasted long ago. It’s the only avenue they have left to follow. A year ago inflation was 13.6%, approximately the same level we experienced in 1980. This time it will be considerably worse.


Fiscal funding is expected to be $3.5 trillion this fiscal year. The funding for this is going to be a difficult task that can only be accomplished by monetization by the Fed. These efforts could reach over $1 trillion. Then there are the market mechanisms used by the Fed that could push monetization even higher. Bank borrowings may be sterilized for the moment, but outright purchases are not. This policy will not only be inflationary, it will extend the depression. We have already spent two years in recession. Government and the Fed have already spent $12.8 trillion and they haven’t even scratched the surface of the problem. The damage we will experience will be far worse than the 1970s or the 1930s, perhaps more like the depressions of the late 1800s and early 1900s. For those of you who want a reference point study the depression of the early 1870s.


Not only do we have this tremendous pent up overburden, but we have a current administration that is going to deficit spend more than any previous government. Congress, safely purchased, puts its stamp on anything the elitists’ desire. Comments by people in positions of power in what once was the Soviet Union say what the President is doing is reminiscent of what they experienced under the Soviets for almost 50 years. Admittedly, a good part of the problem has been inherited from 30 years of misgovernment. The growing burden of debt made us less competitive and free trade, globalization, offshoring and outsourcing by elitists’ transnational conglomerates has destroyed our productive infrastructure. This all dovetails together in a mosaic of destruction. The re-inflate of the bubble will buy time, but it is not going to solve the problem. The disintegration goes on each and every day. Wall Street, banking and government want consumers to spend and add even more debt. Unfortunately America is broke. In the last issue the Met Life survey told us most families are already two to four weeks from bankruptcy; they are so strung out with debt. Savings are now 4.7% of GDP and borrowing has been curtailed, which puts a wrench in government’s policy. The spending by government is colossal. They certainly have never heard of sound money. They are doing the exact opposite of what they should be doing. We see no increased production, in fact, just the opposite.


Creating money and credit does not increase purchasing power. That is only increased via production.


You do not bailout companies and businesses that are failing. You do not pay incompetent managers bonuses; you fire them. It is good for companies to fail because it Allows the more competitive to survive and prosper. The socialists and fascists in our government won’t let free enterprise work.


Inflation has abated over the past 16 months as asset depreciation has taken place along with de-leveraging. That will soon change as monetary inflation and central bank monetizing takes place along with another new surge in money and credit. In the USEngland and Switzerland governments and central banks are buying Treasury and corporate bonds. The Fed has committed itself to spending $1 trillion on Treasuries and MBS. This is being done to keep interest rates low for the mortgage market, but it is also very inflationary as well. The problem is this creates more dollars and more inflation. Another result is higher real dollar interest rates. This is what happened in the early 1970s. We watched it, we lived it and we capitalized on it. Our clients made fortunes. History (his story; the story of man) tells us that massive increases in money and credit and monetization always leads to higher prices in most sectors of the economy. Deflation is an underlying factor, but inflation for some time can overpower deflation. In the end, it ends in deflation and tears, but inflation can hold sway for a long time. From 1935 onward commodities boomed in a rally that has lasted almost 75 years. In the thirties gold and gold shares went on a tear. Mind you, this happened in a depression and it is going to happen again. We expect this to happen again over the next 3 to 4 years.


The stock market rally is in the process of coming to an end. All stocks should be sold except gold and silver shares. The rally was engineered by Wall Street, forced short covering, government market manipulation and smoke and mirrors. All we hear from the media, especially CNBC, is the credit crisis is over – stop worrying. The real estate crisis is over. The worst is behind us and the economy is about to take on a new life. A 14,100 Dow is only a stroke away.


While this propaganda spews forth the IMF of all people tells us things are really much worse than we have been told and that we have already experienced $4 trillion in global credit losses. That doesn’t cover the trillions of dollars in losses in residential real estate, commercial real estate and the collapse in the market yet to come. Consumers and business are pulling back and increasing unemployment. U6 unemployment is almost 20% and capacity utilization has fallen to 69.3% from 85%. How can there be a robust recovery? At best with all the injections of capital the economy can move sideways temporarily. Yes, deflation is here, but it for now is being held in abeyance by those massive injections of capital that in the end will prove fruitless and even more damaging." go here.

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