What Will The New Year Bring From Under The Rock?

LAST POST OF THE YEAR!

Final Thoughts before we make the Daring Leap into the ensuing era of supervening history. Tho allow it to be said that, “Some Of Us Will Not Be Caught Off Guard!”

“Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty or give me death!”
Patrick Henry

As The Constabulary is being readied for ‘Marshall Law’, There are still Patriots in the Armed Forces and Law Enforcement Agencies who have not forsaken their oath to uphold the constitution! i.e. not violating their fellow American’s ‘Bill Of Rights’! Thank God for The Oath Keepers and their exponentially expanding Movement! <CLICK HERE

It has only been nine short years since the Right Believed that George W. Bush was riding up on his White Stallion to Save America. Almost a year now that the Left moved by emotion to bring in The Savior Of Change.

In two short years The Puppet Masters will be Vying and Maneuvering to put their favorite Pawn into the Brokerage. In the last fifty years, Nothing Has Changed, except The Puppets.  Of the 192 Countries in The World, we have American Military Personnel in 135 of them.  The Underwear Bomber will have taken us into Yemen and Sudan. (137+/-)  The Change has been, ‘A Whole Lot MORE’ of The Same!

The Asymmetrical Ineptitude of Congress will have passed most, if not all the Tax & Slave Bills, which will take a revolution to rectify!  2010 looks like The Year Of Terror! Will we again see the Yellow, Orange And Red Alerts behind The Talking Heads, as they announce the rest of our Civil Rights being confiscated?

A Bank Holiday will more than likely be declared and when Banks open back up our Dollar will have been Devalued even more. Will we wake up like the Middle Class Argentineans did in 2002 HOMELESS? This was because of ONLY A FEW BILLIONS in Foreign Debt!

REMEMBER: The Saving and Loan Scandal? <CLICK HERE

There are several ways in which the Bush family plays into the Savings and Loan scandal, which involves not only many members of the Bush family but also many other politicians that are still in office and still part of the Bush Jr. administration today.  Jeb Bush, George Bush Sr., and his son Neil Bush have all been implicated in the Savings and Loan Scandal, which cost American tax payers over $1.4 TRILLION dollars (note that this is about one quarter of our national debt).
Between 1981 and 1989, when George Bush finally announced that there was a Savings and Loan Crisis to the world, the Reagan/Bush administration worked to cover up Savings and Loan problems by reducing the number and depth of examinations required of S&Ls as well as attacking political opponents who were sounding early alarms about the S&L industry.  Industry insiders were aware of significant S&L problems, as early 1986 that they felt would require a bailout.  This information was kept from the media until after Bush had won the 1988 elections.

REMEMBER: John Hinckley, Jr? <CLICK HERE

In 1980, Hinckley Sr. was a Texas oilman who, the records show, strove mightily to get fellow Texas oilman George H.W. Bush the Republican nomination for president.
The Bushes and the Hinckleys were frequent dinner companions.

But far beyond their social connection, neither Bush nor Hinckley wanted Ronald Reagan to become president, because Reagan was opposed to tax breaks for the oil industry to which Bush, Hinckley and other Texans were highly dependent.

The effort to make Bush Sr. president in 1980 failed; but he and his friend and backer Hinckley Sr. got the next best thing – the “heartbeat away from the presidency” office of Vice-President of the United States.

REMEMBER: Dot Com Bubble Bust of March, 2000? <CLICK HERE

It was the turn of the Millennium. The champagne was flowing, the money was pouring in, the girls were easy and the good times were most definitely had by all. It was the peak of Internet spending where billions of dollars were lavished around on a young acne ridden industry that was witnessing unparalleled growth and showed no sign of slowing. Everyone with a website was set to become instant Billionaires; the American Dream epitomized.
Then it all went microchips up. The bubble burst and billions of dollars suddenly disappeared into a tag cloud of smoke. Companies went bankrupt, houses were lost, equipment was repossessed and the license to print money so many had predicted was revoked.
The dotcom bubble had burst… but why? How could so many have gotten it so wrong?

REMEMBER: Argentina Bank Holiday April 26, 2002? <CLICK HERE

Argentina’s government opened banks for five hours on Friday following a four-day bank holiday aimed at temporarily halting the outflow of deposits from the country’s crippled banking system, Argentine daily Clarin reported.

Banks opened their doors 12:00 - 17:00 on Friday and were only able to offer limited services such as pension payments and account transfers. The government decided that the foreign exchange market would remain closed.

As for ATMs, the central bank has left it to banks to decide if they will continue with the 200 pesos/week limit that was imposed with the banking holiday, or remove the limit.

Argentina’s congress approved on Wednesday a law that will make it much more difficult for the public to get their money back from banks through lawsuits. The new law states that federal not provincial courts can hear the suits, and that banks have the right to challenge the rulings in a federal appeals court.

REMEMBER: Housing Bubble Bust May 17th, 2004? <CLICK HERE

Wise men, we are informed by the most authoritative Source of wisdom, build their homes on a rock; the foolish build theirs on sand. For decades, millions of Americans have been building their homes on a financial bubble created by the Federal Reserve’s loose money policies. The housing bubble, in turn, has inflated a huge consumer credit bubble as homeowners, exploiting decreases in Fed-controlled interest rates, have repeatedly refinanced their mortgages to consolidate debt. The inevitable bursting of those bubbles may result in an unprecedented financial catastrophe.

The twin engines pumping credit into the housing market are the Federal National Mortgage Association (Fannie Mae: see Federal National Mortgage Association. ) and Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, privately owned, government-sponsored organization that uses private capital to buy home mortgages as a means to help lower housing costs.  (Freddie Mac: see Federal Home Loan Mortgage Corporation. ), which collectively own or guarantee 70 percent of all American mortgage debt–roughly four trillion dollars. Fannie and Freddie are “Government-Sponsored Enterprises” (GSEs), nominally private institutions backed by the “full faith and credit” of the U.S. government. This means, in essence, that the taxpayer is on the hook“,  to bail them out in the event they succumb to widespread mortgage defaults or some other financial cataclysm.

(Adj. 1. on the hook - caught in a difficult or dangerous situation; “there I was back on the hook” dangerous, unsafe - involving or causing danger or risk; liable to hurt or harm; “a dangerous criminal”; “a dangerous bridge”; unemployment reached dangerous levels)

REMEMBER: Bail-out Bubble? <CLICK HERE

The Bailout Bubble – the Bubble to End All Bubbles! by Gerald Celente.
The biggest financial bubble in history is being inflated in plain sight. This is the Mother of All Bubbles, and when it explodes, it will signal the end to the boom/bust cycle that has characterized economic activity throughout the developed world. Either unwilling or unable to call the bubble by its proper name, the media, Washington, and Wall Street describe the stupendous government expenditures on rescue packages, stimulus plans, buyouts, and takeovers as emergency measures needed to salvage the severely damaged economy.

All of this terminology is econo-jargon. It’s like calling torture “enhanced interrogation techniques.” Washington is inflating the biggest bubble ever: the Bailout Bubble. This is much bigger than the Dot-com and Real Estate bubbles which hit speculators, investors, and financiers the hardest. However destructive the effects of these busts on employment, savings and productivity, the Free Market Capitalist framework was left intact. But when the Bailout Bubble explodes, the system goes with it.

The economic framework of the United States has been restructured. Federal interventionist policies have given the government equity stakes, executive powers and management control of what was once private enterprise. To finance these buyouts, rescue and stimulus packages – instead of letting failed businesses fail and bankrupt banks and bandit brokerages go bankrupt – trillions of dollars are being injected into the stricken economy.

Phantom dollars, printed out of thin air, backed by nothing … and producing next to nothing … defines the Bailout Bubble. Just as with the other bubbles, so too will this one burst. But unlike Dot-com and Real Estate, when the Bailout Bubble pops, neither the President nor the Federal Reserve will have the fiscal fixes or monetary policies available to inflate another. With no more massive economic bubbles left to blow up, they’ll set their sights on bigger targets. Given the pattern of governments to parlay egregious failures into mega-failures, the classic trend they follow, when all else fails, is to take their nation to war. Since the Bailout Bubble is neither called nor recognized as a bubble, its sudden and spectacular explosion will create chaos. A panicked public will readily accept any Washington/Wall Street/Main Stream Media alibi that shifts the blame for the catastrophe away from the policy makers and onto some scapegoat.

At this time we are not forecasting a war. However, the trends in play are ominous. While we cannot pinpoint precisely when the Bailout Bubble will burst, we are certain it will. When it does, it should be understood that a major war could follow.

May 15, 2009
Gerald Celente is founder and director of The Trends Research Institute, author of Trends 2000 and Trend Tracking (Warner Books), and publisher of The Trends Journal. He has been forecasting trends since 1980, and recently called “The Collapse of ’09.”
Copyright © 2009 Gerald Celente

And SO … Just in case The Neo-Cons think that I was leaning to far to the left; The Only Promise That I Know Our President Has Kept: (Jan. 08)

“My Plan Makes Electricity Rates Skyrocket!”

HR 2454  <CLICK HERE

One final observation!  Should Iran be brought into armed conflict by anyone, It Could Be WWIII!

“Was it George Santayana who said:

Those who do not learn from history are doomed to repeat it!”?

Just Because I DO NOT Have A ‘Bully Pulpit’ let it NEVER be said, “Nobody Spoke Out!”  I have a passion to inform that wells up with in me.
What is on your heart to do?

Enough For This Year! Let Us Ring in the New Year with Hope and Expectation of making it thru another 365 days, satisfied that ‘We Gave It Our All’!

See You Next Year, DrDP

When You Have Time.