The T-Room

17 Comments

1. helen
   Posted January 26, 2011 at 7:07 pm | Permalink

   This post was just sent to me –

   Whether Americans and Westerners in general like it or not, the Chinese have become and will remain the key drivers to many economic and financial market developments, progress, and averted wreckage. The intrepid lapdog US press, loyal to the syndicate, is a critical element to maintain distractions. Of course, China must adapt and react to their own stumbles and accidents, assured since for years they have maintained a tight link in monetary policy. Doing so has linked their asset bubble expansion and bust cycle to the deadly one in the United States, and filled their coffers with US$-denominated toxic debt securities. However, China has three advantages over the US that stand out. They have $2.65 trillion in savings, rainy day money in a war chest. They have a vast industrial base, courtesy of the US, the West, and Japan, which donated the technology for the fabled disastrous low-cost solution. They have an expanding middle class. Neither the US, the UK, nor Western Europe has anything remotely similar to these three benefit allowances. It is slowly becoming clear that the US granted the Most Favored Nation status to China in return for massive gold & silver swaps to the USGovt. The Wall Street fraud kings illicitly sold the leased bullion into the market, to sustain the American fiat paper congame, and thus a betrayal to the Chinese.

   The Beijing leaders are highly motivated to unseat the Anglo bankers from their perched throne, emboldened by vengeance. The betrayal was to the American people also, since waves of jobs went to China from US shores, since the US sold not only its own Fort Knox gold inventory, but Western Europe’s also, then China’s to boot. Those who believe the USGovt has any gold reserves at all should donate their cerebrums to science while still alive, a euthanized suicide. The USGovt in all likelihood is in possession of less than zero gold, owing both Europe and China massive amounts. It is the American ticket to the Third World, paved by lost industry, locked by vast debt, assured by broken economic principles blessed by high priest heresy. The US banking leaders still believe the US can revive itself by the flood of more debt and stronger consumer spending, without a clue of what legitimate income means or where it comes from.

   Before delving deeper into this important thesis topic, a comment is in order regarding President Obama’s State of the Union address and his plan. As forecasted by the Jackass on repeated past occasions, the entirety of the sacrifice to reduce the USGovt budget will come from the domestic, non-defense, non-security side. Aid to businesses and households and dedication to infrastructure will be removed. The higher priority war machine will be preserved. He called it non-security measures, implying the sacred nature of the security of the nation. Ironically, the security of the nation has been put in peril from unspeakable banker fraud, abandonment of industry, and neglect of infrastructure, not to mention the continued ignorance toward capital formation and dutiful embrace of a consumption mindset. The Obama Admin will remain committed to gutting America, undercutting the middle class, and feeding the deterioration of the USEconomy. He will assure a reduced domestic blood supply and food intake. Expect more empty talk of clean energy and jobs. The greatest potential for spending cuts are from the defense budget, for which the USGovt spends more than the rest of the world combined. A vast array of military bases, embassies place on foreign soil, and weapons projects will be preserved. The maintenance of the foreign threat will be steadfastly maintained. The ethics of drone weapons, regeneration of enemies, destabilization of governments, and the absent economic multiplier effect from defense/offense spending will all conspire to weaken the United States in ways that our leaders seem incapable of understanding. They promote the Fascist Business Model, the very same that has contributed to the wreckage of the nation. The victims are economic growth, rule of contract law, sanctity of private property, and truth. The legitimate threat to the nation comes from its internal situation and the impunity of large scale financial crimes. When reference is made to a Sputnik moment for the United States, try not to laugh. A deeply indebted nation with spiraling deficits latched at the hip to a currency besieged by monetary inflation cannot afford any grand initiative, especially when its highest national priority is war. Survival will soon escalate to a higher priority.

   OVERVIEW OF THE CHINA-EUROPE CARD

   The Chinese are well along a full court press to secure Gold bullion and dominate in the next phase of the global chess game that will span the next decade or more. With the expansion in the European Dollar Swap Window by the Chinese, the Euro currency has risen impressively. No benefit to Gold has been realized despite the USDollar slide in the last month. One must suspect the Chinese are busy as yellow jacket bees dumping USTreasury Bonds. But also, the Chinese might have suspended some of their Gold & Silver purchases. They might have actually drained for a time the COMEX gold inventory, and await its replenishment. Enter the BIS after midnight from the loading dock. Beijing leaders might be anticipating a high volume Gold bullion purchase flow from the back door in Europe. Refer to EuroBonds bought at discount using the Dollar Swap Window, converted eventually to Gold. My guess is the harlot Intl Monetary Fund will facilitate the Gold conversion, from the EU member nation central banks associated with PIGS nations. If inadequate supply of Gold is a problem with PIGS nations, perhaps some gold swap contracts can be enabled with the help of the Bank For Intl Settlements in Switzerland. But those swaps would seal the PIGS nation fates, since they would hand over industrial, commercial, and other collateral, assuring banker elite ownership of whatever keys to the kingdom are left. Therefore, Gold is vulnerable to hits during the time China takes its foot off the accelerator pedal. China has found a way to purchase high volumes of Gold bullion at a discount. The discount is essentially the EuroBond sovereign debt discount under distress, which might be in the 10% to 20% range. So the PIGS debt will be rescued for a while, but with forfeit of their central bank gold, or borrowed gold.

   TRADE AS GEOPOLITICAL LEVER

   The last several decades have revealed some sordid bilateral contracts, critical deals like what was made with the Saudis. The USGovt pledged to protect the House of Saud and their kingdom, helped along by massive USMilitary weapon sales. The Saudis in turn would demand payment for crude oil in USDollar terms exclusively. The entire Persian Gulf has toed the line on US$ oil sales ever since, even other OPEC players like Nigeria and Indonesia. A difficult balancing act has been required, and still is required, to keep the peace and minimize the friction between Arab nations and the headquarters of the multi-faceted syndicate helm that has controlled the USGovt with tight reins for nine years and four months. The USGovt prefers to enforce and sustain its global domination with heavy handed banker tactics, financial market rigging games, export of crippling acidic debt, usage of the World Bank and IMF tools, and numerous clever devious nasty methods in the shadows best not described. Lately, a chief US export has been price inflation, most evident in food prices, courtesy of the QE2 program by the USFed. In the last decade, the chief export was toxic debt securities. The Chinese have a different approach, one that might have been more prevalent in the United States half a century ago. They have made 180 trade deals across the world, the exact number exaggerated. They do not place military personnel on foreign soil. They do not lace foreign banking systems with toxic debt. They establish multi-faceted contracts that involve the build-out of port facilities, railroad lines, schools, hospitals, and community living centers. They ignore ugly government facts of life like what exist in West Africa. They operate a sophisticated guerrilla economic warfare in sharp contrast to what the US does. The Chinese build partnerships, not without some friction, while the Americans ignite violent conflicts and demand that allies take sides, while extorting bank ruin, living above their means. The source of the ignition events is kept well under wraps. The ultimate motives of the Chinese is likewise kept rather quiet.

   DOLLAR SWAP WINDOW

   The most important factor to bear upon the financial markets globally in the last several months, the greatest change agent, in my view, is the creation of the Dollar Swap Windows by China. They are being erected in Europe. Their focus is on the PIGS nation sovereign debt. The debt of Greece, then Portugal, finally Spain very recently, and later inexorably Italy have found and will find a major buyer in China. They will buy PIGS debt at discount. They will win favor across the continent. They will gain advantages not well publicly mentioned. They will cut off geopolitical opposition in extremely subtle manner. They will open up the pathways for greater technology transfer. They will offer a semblance of stability to the currency markets in turmoil. They will spread their global presence, if not dominance. They will work some backdoor deals with motives to secure large volumes of gold bullion at discount. They will solicit more cooperation from previously devoted Anglo tools like the Intl Monetary Fund, and perhaps turn the IMF itself into a Chinese agent. They will possibly pave the way to a mild colonization movement, perhaps having already chosen Southern Spain over Southern California. The Mexican Civil War might have frightened them off any plan to send a million Chinese to North America, equal in intensity to the realization of rising hostility and trade war with the USGovt. Somehow friction with Basque Separatists and detente with Andora versus Spain seems tame compared to roving gangs of Mexican drug lord lieutenants ready to dole out violence on US soil, whose battle lines are drawn by tribal history far more than the US press reports. The systemic failure of Mexico was forecasted in the Hat Trick Letter in the summer 2007, with timing expected for some climax events and recognition in mid-2010, a correct forecast. The USGovt has gone from assisting China in economic and industrial development to blaming them for the depleted US condition. The bigger problem is obviously the deeply entrenched domestic devotion to asset bubbles and colossal bank fraud, run in parallel with the absurd destructive consumption mindset.

   HIDDEN EURO IMPACT

   So the Dollar Swap Window has been constructed, with expansion a certainty. The Chinese will have an opportunity to dump a big batch of USTreasury Bonds on a regular basis. My full expectation is that the Chinese will sell far more USTBonds than they purchase PIGS nation sovereign debt. In other words, they are building a dumping ground. Key parts of the equation are that the Europeans have been promised a willing buyer (although with ulterior motive) in the Chinese for PIGS sovereign debt. The Germans are sick & tired, fed up to the gills, in supporting the Southern Europe welfare system which identifies the broken element of the faulty European Union. Its foundation had cracks from the start, more than the Jackass recognized admittedly in past years. The Europeans have been promised some important support for the embattled Euro currency. Every time the Greek crisis made the news in past months, the Euro currency sold off with gusto. No more! A strong broad plank of support for the Euro has been provided by China. They are selling their USTBonds and buying EuroBonds with PIGS brand markers. The Euro currency has risen from a January 10th low of 129 all the way to almost 137 in this month alone. The rise has occurred despite the ongoing saga of PIGS debt distress. The Portuguese sovereign debt has been shored up by Chinese promises of purchase. The Irish Govt debt is a totally different animal. They accepted and swallowed the lethal IMF poison pill, cut their budget, and seen enormous deficits spiral out of control as their economy craters. They have resorted to monetary inflation approaching Weimar style as proof of the disastrous error in decisions. Translated to US size difference terms, Ireland has expanded their Euro money supply the equivalent of the US doing so by $12 trillion, all in the space of three months on the Emerald Isle centered in Dublin. They are not keeping Dublin tidy!

   The financial news reports fail to mention the China card. They fail to mention that China is exchanging USTBonds for Euros in order to purchase EuroBonds with PIGS skin labels. They fail to mention that large Chinese hands are supporting the Euro currency. My belief is that the news media does not wish to stress the expansion of Chinese influence. For a century, or perhaps three centuries, the cultural and heritage linkage between Europe and the United States has been firm and solid. A grand Chinese wedge has been inserted, not so much between Central Europe and Southern Europe as between Europe and the United States. China will be crucial in casting the Southern nations aside from the European core. They will become wards of China, even for exploit. The Dollar Swap Window constructed by China has actually isolated the USGovt in serious ways. Relief to PIGS EuroBonds is obvious. The numerous other effects are not, and those effects are not in the news. They are main elements of the Hat Trick Gold & Currency Report, and have been for several months. The expansion to Spain was a forecast made in November and December, with confirmation coming by denials in Madrid.

   Something unique and unusual has happened in the last three weeks. The Euro currency has risen noticeably from 129 to 137, but the Gold price has fallen from $1385 to $1335 per ounce. For almost a full decade, the correlation between the US$ DX index and the Gold price has been in the minus 70% neighborhood. What has happened in the last month has been a gigantic outlier. It is not just significant with umpteen standard deviations above the norm. It is in the wrong direction. My best guess is that the Chinese have temporarily halted their usage of the COMEX avenue for gold acquisition. They have permitted the corrupted COMEX to push down the gold price, using its fraudulent paper mechanisms. They have given free rein for the Wall Street maestros to lower the gold price for any IMF deal to secure European gold bullion in exchange for EuroBonds. Most gold & silver contracts are settled in cash anyway these days, since the COMEX does not have much precious metal in its possession. Imagine the day coming before too many months when gold & silver can be traded in contracts at the COMEX with no gold or silver metal exchanging hands. That day is coming, along with ruin of the GLD and SLV defaults, ruin, deep discounts in share price versus the metal price, and investor lawsuits. As for the Gold & Silver price, they will rise when the Chinese decide to resume buying. Right now, their attention is diverted to EU gold bought at deep discount, and in volume. As usual, they are thinking at least 20 years ahead. The Gold & Silver price will rise soon enough for the patient minded. The physical market wrests control always, as the mid-term forces take over.

   OBTAINING GERMAN TECHNOLOGY

   Germany is grateful that a new benefactor has come to Southern Europe. No longer does the German Govt feel burdened by the welfare enforced by the European Union dictum. The Germans are exhausted from $300 billion in annual welfare support of a deadbeat set of children in Portugal, Italy, Greece, and Spain. Over the last ten years, the drain of German wealth has been $3 trillion in total. A German banker has kept me up to date on the details. He frequently mentions that it is not a matter of willingness for the Germans to continue to support the broken nations of Southern Europe, complete with their grand deficits and inefficient economies, and greatly different work ethic, and their preference for song and dance and wine. The Germans are NOT CAPABLE of the continued drain of $300 billion per year, since the cost has turned into a nightmare burden.

   In return for the outsized Chinese relief of PIGS debt, the Germans have offered key exports in technology. The main items are machine tools, telecommunications, construction equipment, and cars. Germany is the technology leader in Europe, with no close second competitor. France is a distant second. The German Economy is not a war economy, as they possess world class technology for domestic purposes. In the early part of the last 2000 decade, the technology transfer was significant from Japan to China. It enabled a great leap for Chinese industry. In many instances, the installed Japanese technology, like with machine tools and sophisticated manufacturing floor control systems, the Chinese leapfrogged the US easily. Enter the current phase, where the Germans are working with the Chinese in major deals. My view is that the Eastern Alliance, whose participants are Germany, Russia, China, and the Persian Gulf states, has many components not easily seen. They are working on the New Nordic Euro currency, complete with a gold component, in order to establish a replacement for global banking and commerce. It could become a new global reserve currency, all in time. Expect the alliance to include commitments for vast Russian resources, vast German technology, vast Chinese bank reserves, and guarantees of vast Arab oil supply. The Dollar Swap Window is an important component to the advancement of the Eastern Alliance, in which the US and UK are not players. They are shut out.

   ISOLATE USGOVT IN TRADE WAR

   A significant hidden effect for the Dollar Swap Window has been the interruption of the trade war alliance encouraged and solicited by the USGovt. Evidence was clear at the most recent G-20 Meeting of finance ministers. The USGovt attempted to find wider support for hostility against China. They all fell of deaf ears. The American delegation was embarrassed, isolated, and stunned. With the Chinese acting as chief debt benefactor in Europe, with the Chinese forging Asian, Arab, South American alliances, nobody joined the adolescent US chatter to confront and combat China. The USGovt is increasingly isolated in its trade war against Beijing. The great trade war will be bilateral, with perhaps no other allies at the side of either nation. Witness the battle for global control and leadership. A great transition is in progress, as the global leader mantle passes from West to East, from the US hands to Chinese hands. The US is expert at creating enemies. As the Islamics fade in perceived threat, enter the Chinese who “stole” the US jobs and “sit on” vast hoard of money from “ill-gotten trade surpluses” in great ongoing accumulation. The ugly truth is that 60% to 65% of Chinese trade surplus from 2004 to 2008 was derived from US and Western corporations having expanded on Chinese soil with factories, fully endorsed by USGovt and Western Govts, often with direct support of ministries. The Europeans are courting the Chinese, and that is big news. China is playing the Europe card at the geopolitical table. Maybe the numerous NATO military bases will eventually fly Chinese flags and be converted to commercial supply transport usage.

   The hypocrisy is thick. However, the incessant annoying shallow charges of currency manipulation ring hollow when the US Federal Reserve announced the Quantitative Easing #2. They hypocrisy was extra thick, since the USFed had heralded an end to the 0% monetary policy. The Exit Strategy was followed by monetary inflation, US style, mimicking as best they could the Weimar program 70 years ago. The hypocrisy was doubly thick since the first QE round was promised to be the only round. It was followed by QE2, as forecasted by the Jackass all last year. Expect a QE3 later this year, to rescue states and muni bonds, but only after government pension obligations are abandoned and smashed. In the process, the United States has become isolated. Numerous trade deals exclude the USGovt and USEconomy. The new perverse grand trade partners for the United States are war continuation, war expansion, and a deep embrace of the Printing Pre$$, the monetary inflation machinery. As USTreasury Bond creditors have stepped away, the USFed has entered with powerful demand from printed USDollars, all done electronically, boasted at zero cost. In my view, the cost is infinite, with broad capital destruction and economic disintegration.

   BACKDOOR GOLD PURCHASE

   Word is gradually leaking out that the Chinese have a powerful ulterior motive to purchase EuroBonds, not so much out of altruism, not even so much out of global expansion of influence. THE CHINESE WISH TO CONVERT DISCOUNTED EUROBONDS TO SECURE HUGE VOLUMES OF EUROPEAN GOLD. The Beijing leaders must for instance have a plan to convert a fixed percentage of EuroBonds to gold bullion, even a cut deal with European leaders and bankers, arranged carefully in advance. They wish to replace the gold bullion possibly swindled by the USGovt. Any USGovt gold leases to European nations from past years might be repaid directly to the Chinese, to close out the lease contracts. The acquisition will NOT be front page news, will NOT be discussed by European leaders, and will NOT be publicly debated. The choice for PIGS nations has been and will continue to be default on sovereign debt or to cut deals with China that buy time. Since Germany has let it be known that their credit line is cut off, China has filled the void. But Beijing leaders are crafty. They have very likely secured deals whereby the IMF harlot will facilitate huge gold bullion sales to China with the EuroBond securities. The IMF has run past cover in lease close-outs from the USGovt, complete with grand deceptions. The key to unmask the lease close-out deals is that the IMF never identified buyers. There were none often. A sale without a buyer is an end to a short trade after the passage of years in time. Without some promised conversion to gold, China would not have cut the deals. It is the quiet underpin. The common denominator in the great majority of Chinese deals forged worldwide in the last decade is the secured supply line of hard assets, like commodities. They also have a preference for port facilities. Energy supplies, mineral wealth, and foodstuffs are the main objective of the numerous Chinese trade deals, which increasingly involve establishment of currency swap facilities and conversion systems. See Brazil and Russia, which do not bother to use the USDollar in trade settlement. In the future, look for commodity deals that supply China with fresh water.

   Expect this trend to increase to the point that eventually the Chinese Yuan (renminbi) is a global currency with full convertibility. Later, it might serve as global reserve currency. What gives it the edge in such a role is its rise, compared to the USDollar’s decline. The next decade will see the Redback (Yuan) more and the Greenback (US$) less in banks worldwide, and in trade settlement. The extreme wild card in the entire equation is eventually colonization by the Chinese elite. If they aid in government debt purchase, then hold title to property, while providing supply lines to a wide range of consumer products (someday cars too), what would prevent them from sending 100 thousand people per year to occupy abandoned homes and empty apartment buildings held under proper title? Nothing!

   http://news.goldseek.com/GoldenJackass/1296075600.php

   home: Golden Jackass website

   subscribe: Hat Trick Letter

   Jim Willie CB, editor of the “HAT TRICK LETTER”

   Use the above link to subscribe to the paid research reports, which include coverage of critically important factors at work during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global village forces. An historically unprecedented mess has been created by compromised central bankers and inept economic advisors, whose interference has irreversibly altered and damaged the world financial system, urgently pushed after the removed anchor of money to gold. Analysis features Gold, Crude Oil, USDollar, Treasury bonds, and inter-market dynamics with the US Economy and US Federal Reserve monetary policy.

2. JJ
   Posted January 27, 2011 at 10:14 am | Permalink

   I read this letter content sent to my by Mom’s Dream or Ira Fritts(husband) and it just bowled me over that she knew someone who knew all this and could prove it.

   She too stated that this is Satan’s work–Helen, we are in for a rough ride–if this is the 3 1/2 years tribulation?? I have no words.

   I’ll email you what I found…if you would, for me, check the list and see where you think we are.

   happy Christian day…(while I can still say it)

3. helen
   Posted January 27, 2011 at 10:57 am | Permalink

   JJ – I know this is going to sound blasphemous but here goes – I don’t see any of this in terms of any religious doctrine. I see this more as an unquenchable thirst for power and rule over people which is pathological. It’s mentally sick and spiritually bankrupt. Sadly, because we American’s have been “kept” to busy from paying attention to these men/women’s atrocities going on since at least 1963, whose roots lie in Operation Mockingbird, we will pay the largest price of all. We will lose much and there are vultures roosting on the fences now just waiting to swoop in and take over. Our nation is vulnerable today and she is only going to grow more vulnerable as this and so many other events begin to unfold. There is no stopping any of this. The train is barreling down the track full-steam ahead. American’s must awake to this fact for no other reason than to protect themselves and their families. If they don’t I fear for them b/c no one is going to be there to save them.

   Lastly, yes the US is a christian nation. Remember though, millions of Americans who practice different faiths know of no such thing as tribulation or armegeddon in their teachings. What we will be experiencing is how infallable humanity is not one religion, secret society or whatever expression over another. And IMHO by making this about one faith over another helps no one, instead it distracts all of us from holding these socio pathic tyrants accountable for their dastardly deeds endured by all of humanity, all religions, all faiths.

4. helen
   Posted January 27, 2011 at 4:26 pm | Permalink

   This article from Business Leader shows the foreclosure impact on cities and towns across America using Google Satelite Imagery – it is unbelievable!

   http://www.businessinsider.com/satellite-tour-foreclosure-cities-2011-1?slop=1#slideshow-start#ixzz1CGqa6WEw

5. helen
   Posted January 27, 2011 at 8:12 pm | Permalink

   I love this Christopher’s passion – He speaks for me, I know that for sure.

6. JJ
   Posted January 27, 2011 at 9:18 pm | Permalink

   helen@January 27, 2011 at 10:57 am |

   Oh, yes, and the idiots I must face every day–like the one who came for the country ham I gave away today…

   She was returning with a new cut and color job…but was broke…yep—broke…and I had no words…lots of preps I hadn’t put away were on the cabinets…and I let her know quite fast that my husband had made another trip to Aldi’s for those.

   That is a great example of why we must prep for our families…when that neighbor’s husband’s Commiefornia pension doesn’t come, I pray she can find food somewhere.

   I am losing all faith in this country—this is no longer my country.

   Beans, bandaids, bullets, and Bible…and not necessarily in that order.

7. JJ
   Posted January 27, 2011 at 9:23 pm | Permalink

   And yes, I totally understand that for these manufactured disasters to have happened, there is no belief in God.

   I won’t take the blame for not paying attention, or being asleep; let the blame remain where it needs to–corrupt, greedy politicians, special interest groups, and businessmen with lust for power.

8. helen
   Posted January 27, 2011 at 9:43 pm | Permalink

   Amen, JJ. Amen.

9. LogisticsMonster
   Posted January 28, 2011 at 7:13 am | Permalink

   Helen,

   I do not know if you had the opportunity to catch this post with Catherine Austin Fitts, or if you know who this dynamic woman is. I urge you to check out the 5 part video interview as it details “The Looting of America”.

   Catherine Austin Fitts; ‘The Looting Of America’

   This is it kids; this is the video from Catherine Austin Fitts that I have been waiting almost three weeks to bring you about the intentional draining of American wealth, shipment of jobs overseas, and the planned destruction of the middle class. I urge every single reader to watch the interview in it’s entirety because Ms. Fitts offers pieces of the puzzle that help explain why our world seems to be so upside-down in a manner that anyone can understand. Hopefully, it will help you realize the true danger of the Federal Reserve System, the big Wall Street Banks, and the people behind them. The Fed and the IRS absolutely have to be abolished.

10. helen
    Posted January 28, 2011 at 10:28 am | Permalink

    LM – thank you for sharing Ms Fitts work with the T-Room. I look forward to watching it and encourage others to do so as well.

11. helen
    Posted January 28, 2011 at 11:48 am | Permalink

    Update from Davos Forum – US and Britian split on cuts: Davos

    Davos, SWITZERLAND (AFP)
    Britain and the United States laid out starkly different recovery strategies at Davos on Friday, with one calling for deep spending cuts and the other warning against drastic action.

    Leaders of the business and political elite gathered at the World Economic Forum were treated to back-to-back appearances by Britain’s Prime Minister David Cameron and U.S. Treasury Secretary Timothy Geithner.

    But, as delegates debated how best to protect and nurture the world’s tentative economic recovery, the top envoys from these two very similar debt-ridden Western economies brought very different messages.

    Britain Cameron vowed that under his leadership Britain would stick by his policy of huge spending cuts to slash its yawning deficit, despite the week’s alarming growth figures, which have triggered fears of renewed recession.

    “Our first priority is to kill off the spectre of massive sovereign debts,” he declared. “Those who argue that dealing with our deficit and promoting growth are somehow alternatives are wrong.”

    Cameron urged Europe to kickstart growth by slashing regulation and boosting enterprise, rather than through stimulus spending, and said he would reduce the deficit through cutting public spending and raising retail sales tax.

    “It’s going to be tough, but we must see it through. The scale of the task is immense, so we need to be bold in order to build this economy of the future,” he argued, stressing that many European leaders agree with him.

    USGeithner came with a quite different message, stressing that the United States was not ready to contemplate drastic spending cuts until the health of the recovery was assured.

    “You’ve got to make sure that you don’t hurt the recovery and take too much risk that you damage the early expansion by shifting too prematurely to substantial restraints,” he told the same Davos audience.

    “We’re not going to let that happen. There are some people who like to move … very quickly to do very deep cuts in spending but it is not the responsible way to do it,” he said, in a question and answer session.

    “It would undermine the long-term objective of making sure that we achieve a sustainable fiscal position,” Geithner argued.

    UK down, US up On Tuesday, Britain revealed that its economy slumped unexpectedly in the fourth quarter of 2010, shrinking 0.5 percent in the three months to December, after expansion of 0.7 percent in the third quarter.

    Experts put some of the blame on unexpectedly extreme winter weather, which disrupted Christmas shopping and air travel, but the dip has given ammunition to critics who argue that Cameron is cutting too much, too fast.

    In Washington, the U.S. Commerce Department said Friday that the U.S. economy grew at its fastest clip in five years in 2010, with growth reaching 2.9 percent for the year, reversing the 2.6 percent contraction in 2009.

    Consumer spending grew 4.4 percent in the last quarter, while growing exports and declining imports also served to boost growth.

    “There is much more confidence now that we’ve got a sustainable expansion,” Geithner said ahead of the data release, while admitting: “It’s not a boom, it’s not an expansion that’s going to offer the possibility of a rapid employment rate.”

    Obama’s Republican critics — who have just formed a majority in the House of Representatives — are demanding deep spending cuts to rein in a budget deficit expected to hit a record 1.5 trillion dollars this year.

    The annual Davos conference has attracted 2,500 key decision makers from business and politics to this snow-bound high altitude resort for four days of the world’s most influential elite networking event.

    http://www.alarabiya.net/articles/2011/01/28/135425.html

12. Marty Didier
    Posted January 28, 2011 at 5:54 pm | Permalink

    I was in a family for more than 26 years who during the later 70′s joined a huge criminal system dealing with International drug smuggling. This isn’t any ordinary criminal system as they include elments within the top levels of our Federal Government down through our local Governments.

    In 1990 the family approached me to start up a new business in the Chicago area copying Gus Boulis’s Sandwich business. The criminal system and family have been microsnooping on Gus for years and felt he had a golden touch. I was invited to fly down to Florida and meet with Gus to learn about his business and take notes. I would be met at the airport by members of the criminal group and ushered around to take care of business. I declined.

    In the early 90′s my brother-in-law Bruce Adreani and his wifes brother Clyde O’Connor became business partners in a new venture. Bruce went to a well known Shoadow Government supportive law firm and was assisted by Barack Obama who at the time was working as a lawyer. Obama drew up the business papers for Bruce’s Florida business with distributing huge amounts of drugs among other illegal items. It’s likely Obama was their legal contact as Dr Orly Taits found more than 130 properties in different social security numbers for Obama. Property is used as cash while having ownership transfered using mortgage fraud with the help of big Banks. Bruce’s contacts since he is in real estate development are the big banks and trust department administrators. Bruce has commented over the years that they use the banks as being recommended by the criminal system because they are the least problematic compared to using “recorder of Deeds” departments. If there was a bust Bruce and the criminal system felt the Deeds department would go down first and then bring down the entire family.

    The big Banks are protected by a network of CIA operatives scattered around in many companies, MSM, papers, radio stations and through our Government areas. This is why you never hear of any problems happening at the big banks.

    Bruce told me that Obama isn’t a US citizen and the criminal system was grooming him with high expectations for rising in high places within politics. They felt Obama’s lack of being a US citizen could easily be covered up. Sort of looks that way doesn’t it?

    In early 1996 the family announced to family members they were considering buying into Gus Boulis’s Casino boat business in New York. Work came back from MOB families through the CIA criminal groups working with the family that Gus had approached the 5 familes for protection when setting up a Casino Boat business in New York. Who wanted to be partners with Bruce and the Adreani family were Abramoff and Kidan. The father Ray Adreani didn’t understand how these two peolpe were able to generate money and became sceptical of going forward. Added were a couple of banks who ended up joining when Abramoff and Kidan bought Gus’s business later.

    After some time of negotiating, the family became disenchanted with wanting the New York business and really focused on wanting the Florida business but Gus wasn’t interested in selling. Finally later in 1996 pursuing this interest with Gus was ended.

    It needs to be known that the Adreani family are drug lords along with another family names Louis Chinon from Mc Henry, IL. Louis runs two security companies employing off duty police from surrounding towns and County police. This is part of a huge drug net established with distributing drugs around Illinois. A Brother-in-law of Bruce is a Cook County Police officer and has worked for louis Chinon in his security business.

    Because of a divorce I left the family in 1997 just after Bruce’s younder brother Ken had died. The situation surrounding Ken’s death was mysterious and family members feel he may have been murdered. Who may have been involved in Kens murder is Bruce and the CIA links criminal system.

    In 1996 at Ken’s house the family openly talked about what criminal plans were being made. These family meetings were continuous through out the earlier years with explaining more detail about what the family was involved in. This meeting explained that something huge was planned that would start everything — this was 911. Only at this time they were reviewing three sites and one was New York. Detention Centers were at that time called Prisons that will evolve into supporting depopulation similar to what happened in Europe during WWII. The end goal is to force an economic collapse and Martial Law. This would flip our Democracy to a Dictatorship. If you look around much of this already is in play.

    How the White House Coup is supported is through the proceeds from high vollem drug sales. Illinois receives a weekly $100 million dollar shipment of cocaine that is split with the East Coast (five MOB families). Since Illinois is a huge Drug hub it’s considered important to protect by armies of CIA oprtatives and others. While married I went with the family while attending a huge party in Rosemont that had in attendance more than 350 MOB/CIA operatives in 1996. The indictments involving 127 MOB figures on the East Coast is small potatoes to how many will be indicted in the Chicago area!

    As often mentioned, this story is huge and maybe it’s better for another time…..

    Marty Didier
    Northbrook, IL

13. JJ
    Posted January 28, 2011 at 7:53 pm | Permalink

    Hey, Marty, is Patrick Fitzgerald part of this mob/drug cartel/group??

14. helen
    Posted January 28, 2011 at 8:10 pm | Permalink

    Nothing like dropping a bomb, Marty. I have a couple of questions for you. How does this drug shipment enterprise work in Illinois and do you have any guesses as to how large it is and other national distribution points? I know Hopsicker has done a ton of work on all of this with the hub where Atta and team were training, whatever, to fly planes. What might you add to this portion of the conversation?

    Welcome!

15. helen
    Posted January 28, 2011 at 8:28 pm | Permalink

    JJ, based on what I’ve researched it appears Fitz is their protector, thereby giving cover to the bad guys while being paid by the good guys. Go figure. The world is turned upside down, eh?

16. Pat R
    Posted January 29, 2011 at 10:52 pm | Permalink

    Helen:
    Are you familiar with the “Republic for the united States”? the Republic has re-inhabited the original de Jure government set up by the Founding Fathers and left vacant in 1860 when the United States Corporation was formed.
    Check out the website, read the History, listen to the calls. Form your own opinion.
    http://www.republicfortheunited.org

17. Pat R
    Posted January 30, 2011 at 8:12 pm | Permalink

    wrong link above!

    http://www.republicfortheunitedstates.org

    sorry!