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Paul Joseph Watson
Prison Planet
Thursday, May 15, 2008
Globalists hell-bent on reducing the living standards of westerners
by jacking up oil prices to a whopping $200 dollars a barrel took a
step closer to their target yesterday after JPMorgan Chase & Co
announced that they will begin trading oil by the end of the year.
"JPMorgan Chase & Co will begin trading physical
oil by year-end, increasing its exposure in a market that could rise to
$200 a barrel, the bank’s global head of commodities said on
Wednesday," reports Reuters. | | |
| http://www.theinternationalforecaster.com/item.php?topicId=2&articleid=248
Our economy over the past two decades has been systematically
destroyed by free trade, globalization off-shoring, outsourcing and
illegal immigration. The three pillars of the cover-up that has been
implemented by the Illuminati to keep the American public from finding
out that their economy has been destroyed right under their noses are a
strong dollar backed by cheap oil, an endless supply of money and
credit and profligate consumer spending propelled by successive asset
bubbles and bogus economic statistics.
The party is now over and their
nefarious deeds are being unveiled as we speak. We have an incredibly
weak dollar backed by incredibly expensive oil with OPEC dollar pegs
about to blow. The credit-crunch has stopped the supply of money and
credit from making its way outside of the banking system as reserves
are hoarded due to a complete lack of confidence in the system and in
its largely insolvent participants.
Consumer spending is dropping into
the tank as the last in a succession of asset bubbles start to burst,
those being the real estate bubble and the "financial engineering"
product bubble (i.e. the derivatives alphabet soup containing toxic
waste such as CDO's, MBS's, ABS's, SIV's, CDS's and IRS's), and as
fewer and fewer believe the whopping statistical lies produced by the
reprobates and sociopaths in our government.
Thus, all the pillars for
the cover up have imploded and have revealed to one and all that the
totally buck naked king really is not wearing any clothes despite
endless Illuminist assertions to the contrary. The Illuminati are in
real trouble that has gone way beyond what they had intended due to the
bungling of their neocon henchmen. This has spiraled way beyond their
control and they know it.
Rome is burning and the
barbarians have broken through the Praetorian Guard at the palace gates
as Caligula remains in denial. They have unknowingly placed themselves
in mortal danger and they will be lucky to survive the anger and
devastation, which we see on the horizon when everyone figures out what
they have done to us. We will provide names, addresses and phone
numbers for all of the most reprehensible of these criminals so that
when the time comes you can be sure to thank them appropriately for all
the death, destruction, famine and misery they will have caused you. | | |
| Gold price suppression
scheme
By The Mogambo Guru
I notice that the price ratios between the
time spans of differing gold lease rates have been
remarkably well behaved lately, almost as if they
were locked together in precise bands. I think
that this is interesting as hell, although I have
no idea what it means, if indeed it means
anything, which it probably doesn't, although I
will say that those guys setting up spreads (to
take advantage of volatility) in gold have gotten
financially killed, which I figure in turn
benefited the guys who are short all that gold, as
that is who I figure is on the other side of the
trade when you and I are trying to make a quick
buck with some fancy day-trading of options and
futures and, of course, the spreads, and they
manage to clean us out pretty regularly, the
lying, cheating, thieving bastards. | | |
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Economics is not rocket science. Neither is power.
Depressions
are monetary phenomena caused by central bank issuance of excessive
credit. In 1913, the newly created US central bank, the Federal
Reserve, began issuing credit-based money in the US. Within ten years,
the central bank flow of credit ignited the 1920s US stock market
bubble; and shortly thereafter, following the collapse of the bubble in
1929, the world entered its first Great Depression in 1933.
Investment
banks are the undoing of central banking. While all banks, central,
commercial and investment, view credit as the opportunity to exploit
society’s growth and productivity, investment bank exploitation of
growth and productivity exposes society to extreme risks - for
investment banks use society’s savings to make their volatile and
speculative bets.
The
speculative risks undertaken by investment banks is done by leveraging
the savings of society; and, when investment bank bets are sufficiently
large enough and the bets go bad - as they inevitably do as the luck of
investment bankers is due more to their proximity to credit than to
their ability to foresee the future - it is society that will bear the
brunt of the pain in the loss of its savings.
Inevitably,
investment bankers cannot resist the temptations of excessive credit
and, like the buyers of teaser-rate home mortgages, they will always
overreach themselves - an overreaching that will have disastrous
consequences for the society whose savings they bet. | | |
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