From:
Sent: Thursday, March 12, 2009 1:19 AM
Subject: Occult Politics (JDPN 3/12/09)
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Judgment Day Perspectives Newsletter
Thursday, March 12, 2009
Compiled by Pastor Eli James
www.anglo-saxonisrael.com <http://www.anglo-saxonisrael.com/>
Item #1: The Illuminati and the Occult
http://www.freemantv.com/
Item #2: Illuminati Cult of the Owl
Owl of Wisdom: Illuminati, Bohemian Club, Schlaraffia, James Gordon Bennett
Jr.
- by Terry Melanson, March 8th, 2009
Pallas Athene (or Minerva to the Romans), the goddess of wisdom, honored the
owl as her sacred bird. The owl was recognized as an emblem of penetrating
sight and intelligence. It was considered to be a favorable omen if an owl
was spotted on the battle field or at times of crisis. The Athenian silver
tetradrachm bore the owl (Athene noctua); and owls were protected and
thrived in great numbers at the Acropolis of Athens (a temple dedicated to
Athena).
The Bavarian Order of the Illuminati
Image removed by sender. Illuminati Seals
Minerval Seals of the Illuminati: two of three known to still exist.
P.M.C.V. stands for Per Me Caeci Vident (Through me the blind become
sighted). An owl holding an opened book (signifying learning), surrounded by
a Laurel wreath (a symbol of learning or graduation); Per Me Caeci Vident
was a reminder to the Superiors of the class, whose responsibility it was to
properly instruct the Minervals. These medallions were worn around the necks
of Minerval initiates.
For a secret society called the Order of the Illuminati - emulating the
ancient schools of wisdom, and having a "Minerval Academy" as a foundation -
would there have been a more fitting symbol than the Owl of Minerva?
The class of Minerval was a relatively low rank in the scheme of things.
However, it was the soul of the Order, and functioned as a sort of assembly
line for recruits.
Candidates advanced from Novice to the Minerval degree, where they were
properly vetted, scrutinized, and indoctrinated. The Quibus Licet notebooks
were introduced, maintained and thoroughly kept (which eventually turned
into a detailed history of yourself and those around you). You were
admonished to gain wisdom from figures in ancient Greece and Rome; essays
were required to pass the test; and the art of Scrutator (or Physiognomy)
was elevated to a sacred science. The Minerval Superior - a Minor or Major
Illuminatus - was given the code: Nosce te ipsum; Nosce alios [Know thyself;
Know others].
Image removed by sender. Minerval Church SealA Minerval Academy was also
known as a Church; its meetings marked on the Illuminati's calendar as
sacred. To the right is the seal of the Freising Minerval Church. Instead of
the letters P.M.C.V., they are replaced with S.E.M.T.: Sigil Ecclesiastic
Minerva Thebes; or, "Seal of the Freising Minerval Church" (i.e. Freising's
alias within the Order was Thebes).
Another layer of the owl symbolism, was to assure its initiates that the
Illuminati does its bidding at night: nocturnal toil (see
<http://www.trineday.com/paypal_store/product_pages/perfectibilists.html>
Perfectibilists: The 18th Century Bavarian Order of the Illuminati (Trine
Day: 2009), pp. 220-2). It harkens back to the tradition of night being the
"mother of counsels." Desiderius Erasmus, for instance, recorded the Latin
adage: In nocte consilium [
<http://books.google.com/books?id=6ZmvYg1tVR4C&pg=RA1-PA42&lpg=RA1-PA4...
22in+nocte+consilium%22+erasmus&source=bl&ots=8SJMXIuOgw&sig=UjtjqzPhjwF0nh h
RhUmN6uaHUbA&hl=en&ei=5p6rSd2DHJDdnQfK9pTeDw&sa=X&oi=book_result&resnum=1&c t
=result> Night is the mother of counsel]. Apparently, the lesson is to be
cautious or prudent, not to undertake a thing impulsively ("sleep on it").
Indeed, for one of the maxims the Illuminati had given to the Minervals,
was: Quidquid agis, age prudente et respice finem [Whatever you do, do
cautiously, and be mindful of the end] (Perfectibilists, op. cit., p. 227 n.
33).
During each Minerval ceremony, the initiates recited, and received a lecture
upon, a translated and slightly altered version of the Ode to Wisdom
<http://www.munseys.com/diskone/clarissa.htm#1_2_16> by Elizabeth Carter
(1717-1806):
ODE to WISDOM,
By a Lady.
I.
The solitary Bird of Night
Thro' the thick Shades now wings his Flight,
And quits his Time-shook Tow'r;
Where, shelter'd from the Blaze of Day,
In Philosophic Gloom he lay,
Beneath his Ivy Bow'r.
II.
With Joy I hear the solemn Sound,
Which midnight Echoes waft around,
And sighing Gales repeat.
Fav'rite of Pallas! I attend,
And, faithful to thy Summons, bend
At Wisdom's awful Seat.
III.
She loves the cool, the silent Eve,
Where no false Shews of Life deceive,
Beneath the Lunar Ray.
Here Folly drops each vain Disguise,
Nor sport her gaily-colour' d Dyes,
As in the Beam of Day.
IV.
O Pallas! Queen of ev'ry Art,
That glads the Sense, and mends the Heart,
Blest Source of purer Joys!
In ev'ry Form of Beauty bright,
That captivates the mental Sight
With Pleasure and Surprize;
V.
To thy unspotted Shrine I bow:
Attend thy modest Suppliant's Vow,
That breathes no wild Desires;
But taught by thy unerring Rules,
To shun the fruitless Wish of Fools,
To nobler Views aspires.
VI.
Not Fortune's Gem, Ambition's Plume,
Nor Cytherea's fading Bloom,
Be Objects of my Pray'r:
Let Av'rice, Vanity, and Pride,
Those envy'd glitt'ring Toys divide,
The dull Rewards of Care.
VII.
To me thy better Gifts impart,
Each moral Beauty of the Heart,
By studious Thought refin'd;
For Wealth, the Smiles of glad Content,
For Pow'r, its amplest, best Extent,
An Empire o'er my Mind.
VIII.
When Fortune drops her gay Parade,
When Pleasure's transient Roses fade,
And wither in the Tomb,
Unchang'd is thy immortal Prize;
Thy ever-verdant Laurels rise
In undecaying Bloom.
IX.
By Thee protected, I defy
The Coxcomb's Sneer, the stupid Lye
Of Ignorance and Spite:
Alike contemn the leaden Fool,
And all the pointed Ridicule
Of undiscerning Wit.
X.
From Envy, Hurry, Noise, and Strife,
The dull Impertinence of Life,
In thy Retreat I rest:
Pursue thee to the peaceful Groves,
Where Plato's sacred Spirit roves,
In all thy Beauties drest.
XI.
He bad Ilyssus' tuneful Stream
Convey thy Philosophic Theme
Of Perfect, Fair, and Good:
Attentive Athens caught the Sound,
And all her list'ning Sons around
In awful Silence stood:
XII.
Reclaim'd her wild, licentious Youth,
Confess'd the potent Voice of Truth,
And felt its just Controul.
The Passions ceas'd their loud Alarms,
And Virtue's soft persuasive Charms
O'er all their Senses stole.
XIII.
Thy Breath inspires the Poet's Song,
The Patriot's free, unbiass'd Tongue,
The Hero's gen'rous Strife;
Thine are Retirement's silent Joys,
And all the sweet engaging Ties
Of still, domestic Life.
XIV
No more to fabled Names confin'd,
To the Supreme all-perfect Mind,
My Thoughts direct their Flight.
Wisdom's thy Gift & all her force
From thee deriv'd Eternal Source
Of Intellectual Light.
XV
O send her sure, her steady Ray,
To regulate my doubtful Way,
Thro' Life's perplexing Road:
The Mists of Error to controul,
And thro' its Gloom direct my Soul
To Happiness and Good.
XVI
Beneath Her clear discerning Eye
The visionary Shadows fly
Of Folly's painted Show.
She sees thro' ev'ry fair Disguise,
That All but Virtue's solid Joys,
Are Vanity and Woe.
Bohemian Club
[The Bohemian Club's] symbol is an owl, which has been in use since the
first year the Club started. The owl has come to symbolize the wisdom of
life and companionship, that allows humans to struggle with and survive the
cares and frustration of the world. The owl is found on all Bohemian
materials from matchbook covers and doormats to the most elaborate Club
publications. For $34.00 you can even own an owl-emblemed sports shirt. A
forty foot concrete owl stands at the head of the lake in the Grove. This
owl shrine was built in 1929 to serve as a ceremonial site for traditional
Bohemian rituals and is used yearly for the Cremation of Care Ceremony.
- Peter Martin Phillips,
<http://libweb.sonoma.edu/regional/faculty/phillips/bohemianindex.html> A
Relative Advantage: Sociology of the San Francisco Bohemian Club (1994), p.
44
The Bohemian Club - akin to a new Illuminati of the elite - also pays homage
to the Owl of Minerva/Athena.
Image removed by sender. Bohemian Club owl in the library
Left, Athenian Owl at the Acropolis - the chief temple dedicated to
Athena/Minerva - in Athens (c. 500 BC); right, an exact replica at the
Bohemian Club in San Francisco, which even includes the missing beak
(see Perfectibilists, op. cit., pp. 211-2, 228-9 n. 7)
Image removed by sender. Athenian Owl replica
Screen shot from the video "Inside The Bohemian Club."
As one can plainly see by the above comparison, the owl statue, situated
within the library at the Bohemian Club headquarters in San Francisco, is an
exact replica of <http://www.worldisround.com/articles/325437/photo20.html>
the one at the Acropolis - thus, there is no doubt that the "Bohos" (by
duplicating a famous statue located at the chief temple dedicated to Athena)
are alluding to the Athena/Minerva, or the goddess of wisdom. Furthermore,
the statue in the Bohemian Club has a plaque on its front base, stating:
"Replica of Ancient Athenian Owl" (see the
<http://www.ebaumsworld.com/video/watch/80493611/> "Inside The Bohemian
Club" video at approximately 07:24).
Image removed by sender. Weavings Spiders - Owl of MinervaThere's also the
<http://www.bartleby.com/181/141.html> tale of Minerva and Arachne (Greek
for spider). It concerns a weaving contest between Minerva - also known as
the goddess of the arts, needle work and weaving - and Arachne. The latter
was turned into a spider after losing the contest. "Weaving Spiders Come Not
Here," the motto on the seal of the Bohemian Club, may well be alluding to
the myth; the mere fact that it is accompanied by the owl, which represents
Minerva, is significant and noteworthy (and too semiotically sound as to
have been a mere coincidence) .
Image removed by sender. Lilith - owls
Terracotta
<http://analogicalplanet.com/Pages/ContentPages/Sidebars/BurneyRelief....>
(Burney) relief, c.2000-1700 BC, thought to be Inana/Lilith.
But just because the owl is venerated by the Bohemian Club does not mean
that it is only meant to symbolize Athena/Minerva. Lilith is also an apt
identification: Lilith (Queen of the Demons), the great screeching owl
mentioned in Isaiah 34:13-16; the night owl goddess that inhabits the ruins
of Edom which subsequently became a permanent fixture of Kabbalistic
demonology. Lilith
<http://books.google.com/books?id=_pbKl-UIO_gC&pg=PA188&dq=human+sacri...
ilith&lr=&ei=iTGySZ6JLpyqMu_htNcL> is also closely related "to the Greek
figure of Hecate, with her demands for human sacrifice," and the Grove
participants perform a mock human sacrifice at the base of a 40-foot owl as
part of the
<http://boodleboys.blogspot.com/2006_03_01_archive.html#11426608640197...>
Cremation of Care ritual. In addition, the poet
<http://en.wikipedia.org/wiki/George_Sterling> George Sterling, one of the
most prominent "Bohos" of his time, wrote a play titled
<http://www.archive.org/details/lilithpoem00sterrich> Lilith; a dramatic
poem (1920), in which Lilith herself
<http://www.george-sterling.org/plays/Lilith:+A+Dramatic+Poem> mentions the
owl - demonstrating that they at least knew of such symbolism. Sterling
stayed at the Bohemian Club in his own private room toward the end of his
life, where he committed suicide by ingesting cyanide.
Schlaraffia
Founded in Prague, Bohemia, 1859, thirteen years before the Bohemian Club,
the
<http://query.nytimes.com/gst/fullpage.html?res=990CEFD9133CF931A25751...
958260&sec=&spon=&pagewanted=all> Schlaraffia
<http://query.nytimes.com/mem/archive-free/pdf?_r=1&res=9E0DEEDE1131E2...
50C2A9619C946096D6CF> were initially composed of actors, artists, literati
and musicians (much like the Bohemian Club); and they too (like the Bohemian
Club) have an owl as their totem.
Image removed by sender. Schlaraffia
Schlaraffia
<http://www.bedo.hu/index.php?azon=keres&kkod=111&akod=0&asor=0&mit=Sc...
fia+> paraphernalia
The society of men, which is called Schlaraffia, is in the strict sense, a
fraternity. Its clubs are spread all over the world and can be found on each
continent. Artists and academicians in Prag (Prague), which was considered
at the time the Mekka (Mecca) of German culture, founded the Schlaraffia
society in 1859. Its aim was to offset the chauvinistic and egotistic
behavior of the nobility, and to create a hideout for men from the exertions
and worries of the profane life. The Society's maxims consist of fostering
art, humor and friendship.
An actor by the name of Victor Mueller-Fabricius founded the club in
Cincinnati in 1893. Almost the whole Symphony Orchestra of Cincinnati joined
the Society at that time. The name of the Cincinnati settlement is
Schlaraffia Cincinnatia. The official language used during meetings and
correspondence is German.
Many customs and some semantics of medieval times are used at the sessions,
since Schlaraffia maintains its relationship to civic societies of the
Medieval Age.
During the meetings that occur weekly during the winter months and less
often during summer months, attendees listen to lectures prepared by
speakers on such topics as problems of technique, art and literature. The
lectures are followed by discussions where much wit and humor are usually
exchanged.
The place of the Schlaraffia assemblies is called Burg. In Cincinnati, the
Burg is the former Steuben House on Rohs Street in Clifton.
The Society venerates the owl, called UHU in German, as the emblem of
wisdom. The owl was honored at the times of the Antike (Greek and Roman
antiquity) as the representative of prudence and wisdom. Of the three goals
of Schlaraffia, the most important one is the sincere friendship that glues
the membership together and obligates each Schlaraffe to provide mutual aid
and assistance according to his potential.
( <http://www.gacl.org/schlar.html> Source; bold emphasis mine)
There was a branch of Schlaraffia
<http://www.schlaraffia-franciscana.com/About%20Us.htm> instituted in San
Francisco as early as 1884, so there is the possibility of real connections
and influence among the two groups.
Similar to the Bohemian Club's concept of destroying "Care" ("the release of
everyday mundane concerns for the brotherhood of Bohemian friendship"
[Phillips, op. cit., p. 46]), the
<http://query.nytimes.com/mem/archive-free/pdf?_r=2&res=9E0DEEDE1131E2...
50C2A9619C946096D6CF> Schlaraffia say: "As soon as he [the Schlaraffian]
enters a 'castle' [or 'Temple'] and comes under the rule of Uhu, the great
horned owl of Minerva, he is expected to forget all foolish things of
everyday life."
While researching the espionage of Aleister Crowley, author and historian
Richard B. Spence came across some intriguing connections to Schlaraffia.
Spence found that both
<http://www.google.com/search?hl=en&q=Viereck+crowley> George Sylvester
Viereck and <http://www.google.com/search?hl=en&q=Munsterberg+crowley> Hugo
Muensterberg were members of Schlaraffia. In
<http://www.amazon.com/exec/obidos/ASIN/1932595333/conspiracyarc-20/> Secret
Agent 666: Aleister Crowley, British Intelligence and the Occult, p. 71,
Spence writes:
While replete with Masonesque ritual and symbolism, it lacked heavy occult
overtones. On the other hand, Schlaraffia shared membership with more
esoteric groups such as Sat B'hai and the Royal Order of Sikha, the former
one of the constituent orders of the OTO. So, there may have been more going
on than met the uninitiated eye. British and American intelligence
identified Schlaraffia as a "Secret German Propaganda Society" that
encouraged artists and writer to "spread German propaganda in a silent,
secret way." At the least, Schlaraffia provided a ready-made, secret,
Germanophile organization with branches throughout the country - an ideal
vehicle for espionage and other activities.
James Gordon Bennett Jr.
Image removed by sender. Minerva, Owl, Bell Ringers
While these secret societies venerate the owl as the ultimate symbol of
wisdom, there are other cases of outright obsession.
Minerva and the
<http://publicdomainclip-art.blogspot.com/2009/02/minerva-and-bell-rin...
erald-square.html> Bell Ringers at Herald Square is dedicated to James
Gordon Bennett (1795-1872), founder of the New York Herald, and to his son
James Gordon Bennett, Jr. (1814-1918). After his father's death, Bennett Jr.
took the reigns of the Herald, whose original masthead sported an owl.
Minerva and the Bell Ringers were initially situated on the roof of the New
York Herald building on 35th Street and 6th Avenue.
Empire State Building & Vicinity - New York City, New York Bell Ringers
Monument (James Gordon Bennett Memorial)
This group of figures was commissioned for the roof of the New York Herald's
two-story headquarters on 35th Street and Sixth Avenue.
Athena (or Minerva), goddess of wisdom, holds her shield and spear with her
left hand as she gestures commandingly at the two men named Stuff and Guff,
below. On the hour, the men swing back their hammers and pretend to strike
the bell, but stop three inches short. The hour is actually struck by a
mechanism tucked behind Stuff and Guff. Originally, it was hand-wound, and
each winding took 240 turns and took two to three hours to set Minerva for a
week. Now it is electric. On top of the bell sits Athena's bird, the owl,
whose eyes blinked green when the owl and Athena were on top of the Herald's
headquarters.
The inscription below the figures notes that this is a memorial to James
Gordon Bennett, founder of the New York Herald in 1835, and his son James
Gordon Bennett, 'through whose vision and enterprise the New York Herald
became one of the world's great newspapers.'
James Gordon Bennett, Jr., moved the headquarters of the Herald from its
original location on Park Row (near 'Printer's Square,' where the Benjamin
Franklin statue now stands) uptown to a Renaissance- palazzo-style building
designed by Stanford White. (The Building was demolished in 1921.) Before
working people owned watches, the Herald Tribune's tolling clock was relied
upon to tell time in the Herald Square area.
The artist was the Beaux-Arts trained-sculptor Jean Antoine (Antonin) Carles
(1851-1919). The figures and bell were cast in France by 'SIOI - Decauille,
Foundeur Paris' and shipped to New York.
( <http://www.museumplanet.com/tour.php/nyc/es/33> Source)
Apparently, the Herald headquarters had its roof surrounded with twenty-six
"
<http://books.google.com/books?id=aY8OIa6NIPAC&pg=PA168&dq=%22owls,+ea...
r+feet+high%22+bennett&ei=DnWzScW4HI3MM8nW7fML&client=firefox-a> owls, each
four feet high...The eye sockets of the owls contained electric globes,
which at night flashed on and off, winking to the passers-by below, perhaps
giving the message that owlish wisdom was being disseminated in the
newspaper plant."
Image removed by sender. La Nuit Porte Conseil
Comp culled from <http://www.flickr.com/photos/wwward0/2694078385/> these
<http://www.flickr.com/photos/selva/1191233733/> pics (Flickr users "selva"
and "wwward0")
The New York Times
<http://www.nytimes.com/2007/09/17/nyregion/17herald.html?pagewanted=2>
writes that there's "a bronze door accessing the interior of the monument
near 35th Street. It is inscribed with five stars, an owl and the legend 'La
Nuit Porte Conseil,' which has been translated idiomatically from the French
as 'Let's sleep on it.'" Indeed, for it was Bennett's personal
<http://books.google.com/books?id=v1h-aXunwv0C&pg=PA90&dq=%22La+Nuit+P...
onseil%22+motto+bennett&ei=YHuzSbrVLIvCMtTauPYL&client=firefox-a> motto, and
it's identical to the one mentioned above (in the Illuminati section) - In
nocte consilium.
His compulsive identification with owls was pathological. Bennett Jr. "
<http://books.google.com/books?id=qIikAUYyRcUC&pg=PA193&dq=%22kept+liv...
+in+his+office%22&ei=rGmzScq3AZHIM7b2qeIJ> kept live owls in his office as a
symbol of wisdom"; was "
<http://books.google.com/books?oe=utf-8&client=firefox-a&um=1&q=%22a+d...
e+of+owls%2C+and+had+them+painted%22&btnG=Search+Books> a disciple of owls,
and had them painted on the panels of his house, yacht, and bathrooms"; "...
<http://books.google.com/books?ei=2WmzScaGOo6mM9KOwe8L&id=cGRmAAAAMAAJ...
2James+Gordon+Bennett%22+owl+%7C%7C+owls&q=%22owls+everywhere%22&pgis=1#sea r
ch_anchor> owls everywhere: owls engraved on all his cuff-links, live owls
in the garden of the Villa Namouna at Beaulieu"; and "
<http://www.francetoday.com/articles/2009/02/05/inventing-the-riviera....>
luminescent owl's eyes on either side of the prow" of his 314-foot yacht,
<http://en.wikipedia.org/wiki/Lysistrata> Lysistrata. He even had
extravagant plans for a gigantic owl tomb, 125-feet tall and perched on a
75-foot pedestal; his coffin would have been lowered into the owl's head,
suspended midway by chains. The edifice was to be constructed in Washington
Heights, and the architect - he'd hoped - would have been Stanford White .
(see "
<http://query.nytimes.com/mem/archive-free/pdf?res=9F02E6DE1238EE32A25...
9639C946996D6CF> Unfinished Tomb of James Gordon Bennett; Owl 200 Feet High
Was to Have Been His Mausoleum--Stanford White's Death Ended Work on It").
<http://www.conspiracyarchive.com/Articles/Owl_of_Minerva.htm>
http://www.conspira cyarchive. com/Articles/ Owl_of_Minerva. htm
__._,_.___
Item 33:
Item #3: The Bloodsuckers of the Illuminati
No winners only losers of asset values, bailouts given to the intentionally
self-destructive, shareholder value vaporized, the tip of the iceberg thus
far, why do we pay AIG's bills?, indexes continue to report big shrinkages,
hyperinflation wont repair anything, questions of credit and capital, what
they are and what they are not. A bleaker future painted for younger people.
Recently, a public radio host sponsored an economics professor from MIT.
Since he was the former chief economist for the World Bank, you know that he
was an Illuminist mouthpiece, a disinformation specialist for the powers of
darkness. He was asked where all the money went that has been lost by the
tens of trillions in various asset classes such as real estate and the stock
market. He was asked if it just disappeared into the ether, and he said
basically that this is in fact what happened, like there were no winners,
but only losers as the values of assets plummeted. He does not want you to
know about where all the money really went.
But we'll be more than glad to tell you where it all went, and that is
into the private bank accounts of the executives and employees of Illuminist
banks, investment banks and brokerage houses around the world from profits
generated by flimflam investment sales, commissions, fees, spreads and
government bailout money, all of which was paid out in the form of salaries,
bonuses and dividends. The money represented by these trillions in losses
that supposedly disappeared into the ether were also paid to insider
shareholders like Angelo Mozillo, who bailed out of their stocks leaving the
remaining sucker-dupe shareholders holding the bag, to the shareholders of
large financial companies and business corporations that took the form of
corporate outlays for dividends and stock buy-backs that should never have
been paid because their toxic waste holdings rendered their companies
bankrupt, as well as to the sovereign wealth funds of foreign dollar surplus
reserve nations who are in alignment with the Illuminati and whose potential
"losses" on fraudulent derivatives, which they overpaid for by the trillions
(when they are finally marked-to-market), have been backed by the US
taxpayers, who are now having all these losses shoved up their collective
derrieres.
All that money that has been lost is now being created out of thin air
to fund inane bailouts of financial companies that intentionally
self-destructed, or to back or bail out Illuminist aligned financial
institutions and sovereign wealth funds who purchased the snake oil
derivatives with bogus AAA ratings. All that money that has been magically
created out of thin air via our inherently evil, European-style, debt-based
fractional reserve banking system, which was set up in America in 1913 via
the privately owned Fed, will now debase our currency further to the point
where we will eventually experience Weimar-like hyperinflation, and the
final weight of the lost buying power that will be experienced via the
stealth tax of inflation will be borne by US taxpayers.
Of course, when the Illuminist mouthpiece-economist was asked where all
the money would come from to fund the bailouts, he just said that the US,
via its currency's reserve status, had the privilege of borrowing the money
by selling its debt to other nations with dollar forex reserves via treasury
bonds. During the entire dialogue, there was absolutely no discussion about
what the ramifications are for taxpayers when their government continues to
borrow money that can never be repaid. Not only will all this bailout
money, that is being created out of thin air, fail to get our economy going
again, it will also exacerbate a myriad of already insurmountable problems
created by the intentional destruction of the world economy by the
Illuminati to clear the slate for purposes of setting up a world government.
If this so-called economist would also disappear into the ether like he
claims the money from the losses did, he would be doing us all a favor. Of
course, he could then just materialize out of thin air like the money for
all the bailouts, and we would then be stuck with him again anyway.
Barack "Nero" Obama will now play his Marxist FDR fiddle to the
accompaniment of the sound of rolling printing presses while Rome (the US)
burns to the ground. He will now not only save our economy with "hope' and
"change," he will save our medical care system as well, while tens of
millions of illegal aliens, who work under the table and do not pay taxes,
and whose money is largely sent overseas and not spent in the US, continue
to bankrupt our public welfare systems and hospitals, including Medicaid.
Those who do not take out their Nero-insurance via gold, silver, and their
related assets will become crispy critters in the ensuing conflagration that
will leave nothing but glowing cinders in its wake.
In the financial markets, whenever you have losers, you also have
winners. Someone sold the losing asset to someone else, receiving full
value for it before the loss was incurred, with full value often being a
fraudulent and fictitious figure calculated with mark-to-model values based
on bogus assumptions and even more bogus financial ratings and appraisals.
The winners are always the Illuminist banks, investment banks and brokerage
houses who sold bogus paper at full value, and whose executives and
employees take all the profits off the table via salaries and bonuses before
the losses come back to haunt them when things like SIV's and municipal
auction rate securities. The bailouts are intended to prevent such losses
from hitting Illuminist creditors by transferring the losses to the
taxpayers, whose government creates money out of thin air to fund the
bailout of such losses. The resulting monopoly money will eventually result
in hyperinflation, the collapse of the dollar, the loss of the reserve
status of the dollar which the economist chimed about, the downgrading of US
treasury bonds, and, via higher interest rates and risk re-evaluation that
will become necessary to bring this profligate flow of monopoly money under
control, the collapse of the bond market, the real estate market, and the
hundreds of trillions in interest rate swaps. The thermonuclear financial
meltdown cometh, so be ready with gold, silver and their related assets.
What has transpired thus far is just the tip of the iceberg that will send
the US Titanic down to Davy Jones Locker.
The never ending story of desperate times, as our government in behalf
of American taxpayers, this past week threw another $30 billion lifeline to
AIG, the beleaguered insurance giant and CIA front and money laundering
operation, that lost $62 Billions in just the fourth quarter.
We estimated it will cost $500 billion before the bailout is completed.
They were insuring mortgage backed securities and other debt against
default. Taxpayers have already supplied $17 Billion.
There is no question AIG has become a bottomless pit and it is illegal
and unfair for the American taxpayers to foot their bills. Essentially AIG
is holding the government at gunpoint. You either bail us out or the system
collapses. What makes matters worse is government really does not know
how the money is being spent.
The "Second Great depression" began on 2/01/09.
We expect the Dow over the next few years to go to 3,800 to 4,200, if we
are lucky. If we replicate what happened in the "Great Depression" the Dow
will go to 1,260 to 1,450, an 89% retracement.
Here and on radio we have been warning you that many insurance companies
will go bankrupt unless the government steps in to save them. The stock of
almost every company has been falling and some severely. If you have cash
values in life policies or annuities you might cash them out and put the
proceeds in gold and silver coins and shares. For those who have to have
insurance, use pure insurance, term insurance also known as mortgage
insurance.
S&P/Case-Shiller index says, prices in twenty US cities fell 18.5% on
December Y o Y, the fastest drop on record. Sales of existing homes, which
account for 90% of the market, fell in January to the lowest level since
1977, and new home sales were the lowest since 1963 when records began.
Each day it becomes more evident that the call for tariffs and subsides
are getting louder and louder. Politicians are coming under increasing
pressure from constituents to in-act protectionist laws, and rightly so.
Free trade, globalization, off-shoring and out-sourcing have destroyed our
industrial base. A revolt is coming and coming fast. Next year we will see
legislation, perhaps sooner. Never before, even under British mercantilism
has transnational conglomerates, from the US, Europe and Japan developed
their manufacturing base on the soil of another countries in such a massive
scale to make extraordinary profits, keep their profits free from taxation
in offshore banking centers and at the same time destroy the core
manufacturing of western countries. The end of globalization would bring the
US and others back to life, and once under way will exert major pressure for
higher gold prices.
How can investors have any faith in corporate America? At Pacific Brands
Solomon Trujillo received $20 million as he left the company and the board
gave themselves raises as workers were being thrown out on the street. This
is a scene reminiscent of "Annie" and the infamous "Daddy Warbucks."
As this transpires it looks like the US 2009 fiscal deficit will be
close to $2 trillion. That as CDS default swaps on US Treasuries rise 100
bps or $100,000 for insurance on a $10 million five year Treasury note. It
cost only $5,000 to do this a year ago. We do not see a default yet, as
government will print money and float more debt. The loss will be in the
form of inflation. Most all of the Treasury's financing is short-term, which
is a very vulnerable position. In fact recently the 30-year bond was
reintroduced and we'll have 7-year Treasury notes, which we haven't seen
since 1993. As we have reported previously it won't be long before
government borrowing crowds out lending to the private sector. The only way
to avoid that is to have the Fed buy and monetize the debt and create
hyperinflation and that is a work in process. As Ron Paul told Ben Bernanke
recently, "credit is not capital." You cannot recapitalize the banking
system by printing more money or extending credit. Credit and capital should
come from savings, not from raising a magic wand. We need 15% savings, not
the current 2.5%. Once you see savings over 10% you will know we'll be ready
to exit depression. Banks will be ready to expand by retaining earnings,
increasing deposits, by writing off losses and then by making sound loans.
We will remain in depression until this can be accomplished. Waste,
errors and maleinvestment have to be cleared off the decks. As long as
government and the Fed and other central banks bail out banks, financial
firms and others we will have hyperinflation and repairing the system will
not be accomplished. A depression is a health-restoring event. It purges the
system of excesses.
The ADP job loss report estimate of 697,000 was much worse than the
expected fall of 525,000 and the largest loss since 2001. Worse yet, the
January report was revised from 522,000 from 614,000.
We saw the president of GE on CNBC Thursday morning telling the world what a
wonderful company he runs. For his efforts the stock traded off $0.03 to
$6.66. We recommended a short at $33.49. GE is another Enron, AIG, etc., one
of the biggest users of credit default swaps, a large package of toxic
garbage.
Moody's may cut ratings on Wells Fargo and JP Morgan of which we are both
short. Their derivatives are blowing up. Their troubles are in the
trillions.
The 466 companies in the S&P 500 have reported a 58% fall in earnings on
average.
On Thursday JP Morgan Chase fell $2.70, a new low, to $16.60. AIG lost $0.08
to $0.35 per share. Citigroup fell $0.11 to $1.02. Wells Fargo fell $1.59 to
$10.55 and Bank of America fell $0.42 to $3.17. We are short JPM $39.36; C
at $44.10 and WF at $59.65. The blue chips are getting crushed and you
haven't seen anything yet. A 4,000 Dow is a lock. The question is will it
hold there"? Honestly, we do not think so. The damage is so extensive it
could take ten years for the market to recover. Thank goodness I'm not still
a broker. Gold was $255 in June 2000 when we started this odyssey and we are
still a long way from being finished. The elitists will be lucky to just end
up in jail and lose their ill-begotten wealth. Why do you think the
intelligent people in the world are buying all the gold they can get their
hands on? Gold is the only safety net, the only way out.
Our government calls U6 unemployment at 13.9%. We are now calling it at
16-1/2% and it is accelerating.
Commercial paper issuance outstanding fell $44.2 billion, to stand at $1.480
trillion. That is down from $2.2 trillion 21 months ago.
Unsecured financial issuance fell $35.9 billion, the biggest drop since a
record $93.5 billion five weeks ago.
The FDIC is considering lowering special assessment on banks to 10 bps from
20 bps.
Blackstone (BX), which we shorted at $38.00 has written down to zero the
value of billions of dollars of LBO debt that it bought from Deutsche Bank
last year.
Private equity/LBO debt is the unspoken catastrophe waiting to happen to
bank balance sheets and pension funds. The highest bid for any of it is
$0.70. Banks are sitting on hundreds of billions of it as well.
You heard it here first. The entire private equity industry is going to get
wiped out and with them the banks and pension funds will be injured as well.
Many corporations will get hit as well, such as GE Capital.
The President's Stimulus Plan has brought little confidence or trust to the
market. CEO Magazine's Confidence Index, broke its own record for the third
time in the past four months, 95% rated the current business and employment
conditions as bad; 69% don't expect improvement anytime soon and 77% expect
unemployment to worsen over the next quarter.
S&P says that credit quality continued to deteriorate with downgrades
leading upgrades 49 to 6 in just the first three weeks of the month. Thus
far first quarter downgrades outpace upgrades 14.3 to 1. This will be the
worst quarter on record. It was 8.9 to 1 in the first quarter of 2008 and
14.1 to 1 in the first quarter of 2001.
There will be lots of analysts, economists and stockbrokers out of work
soon. We estimate 70% will lose their jobs. They will lose 75% of their
clients' assets, as a result of staying the course and telling their dumb
clients you don't have losses until you take them, which is idiotic. They
are looking for the rebound that will never come. The feast presented to the
financial industry by the de-regulation of the banking industry and the lack
of regulation of the derivatives industry is drawing to a close. It is only
a matter of time before we get Glass-Steagell back. The greedy crooks in
banking and Wall Street are about to be faced with payback. Once we hit
bottom and no one knows where that will be, we could drag along the bottom
for ten or more years. Recovery depends on whether the Illuminists ' arrange
a war for us, as they did in 1941 with WWII. Once the Dow reaches 4,000 we
will give you a better idea of where we are headed. It is wake up time. Our
standard of living will fall 50% or more. We will revert to a lifestyle that
we grew up in the 1940s and 50s. Many will have to walk a mile or two to
school in rain and snow. No more bus rides. All those McMansions may become
boarding houses. There will be 1 TV in the home and one used car in the
garage. Credit will be difficult to get and home purchases will have to be
accompanied by 20% or more down.
The business of living from paycheck to paycheck will end. 600,000 or more
people are losing their jobs every week. Many have lost high paying jobs,
jobs that may never be replaced again. These big hitters are taking any kind
of job they can get to put food on the table to delay the inevitable
exhaustion of savings. There will be many unhappy people. As a boy in the
1940s and 50s I heard thousands of stories of the depression and hardship.
It was still in everyone's minds. Everyone had a very sad story. Today after
making $30 or $100 an hour, $12.00 an hour doesn't cut it. More than 100
million Americans will be flat broke. This is going to be a tragedy of epic
proportions. This is why we do 20 hours of radio programming a week to warn
and prepare people for what is happening to them.
A major assist has to come from trade tariffs on goods and services. That at
least will keep slave labor goods from flowing into the country. We will no
longer have to compete with countries that subsidize industry or perpetually
lower the value of their currencies.
Young Americans face a bleak future. The bright, strong and hard working
will survive and eventually prosper. We did, so you can.
What is going to make the difference between the have's and have nots are
dehydrated and freeze dried foods, a water filter and assault weapons. After
those items are looked after next is the accumulation of gold and silver
related assets. You must have gold and silver coins if you have excess
funds. Your very survival will depend on them. You will have to help other
members of your family and friends who wouldn't listen, graciously. Not
everyone is as smart as you are. You have a gift and you must share it. That
will allow those around you to survive and will lead to future success for
your children and grandchildren. All the value in assets you lose will be
offset by your ownership of gold and silver. Some of you may become very
wealthy, but that is not what this is all about. It is about preservation of
life and capital.
In just three months the phenomenon of states rights, the 10th Amendment,
has become a major issue across America. Scores of states are in the process
of introducing bills and resolutions declaring their sovereignty over the
president's actions. This is in reaction to massive public outcry of the
faux-stimulus legislation and all the federal strings attached, which
directly strips states of their rights under the constitution. States have
begun refusing all or part of the stimulus money because of the
constitutional infringements and additional unfunded liabilities they impose
on the states.
This is now known as the 10th Amendment movement, something we've talked
about since the 1960s but few were listening. It is a grassroots,
conservative movement to defend the separation of powers as originally set
forth by our Founders in the Constitution. This movement is going to
eventually stop federal usurpation of power and deal the Illuminists a
mortal blow. The actions of our president and Congress betray a
transformational liberalism known as Marxism that should put every thinking
American on notice.
It looks like the big hitters are hiding in Goldman Sachs, IBM,w and Google
shares. Their charts are almost identical. Wait until GS breaks, then all
three will break.
T
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