Wag the Dog Part II

Today, we will continue with Ellen Brown's article titled "Wag the Dog: How to Conceal Massive Economic Collapse". As usual, the manipulation going on is far beyond just the financial markets. Money is one thing, total control is another.

"There’s a crisis in the White House, and to save the election, they’d have to fake a war."

Perhaps that explains the sudden breakout of war in the Eurasian country of Georgia on August 8, just 3 months before the November elections. August 8 was the day the Olympic Games began in Beijing, a distraction that may have been timed to keep China from intervening on Russia’s behalf. The mainstream media version of events is that Russia, the bully on the block, invaded its tiny neighbor Georgia; but not all commentators agree. Mikhail Gorbachev, writing in The Washington Post on August 12, observed:

"What happened on the night of Aug. 7 is beyond comprehension. The Georgian military attacked the South Ossetian capital of Tskhinvali with multiple rocket launchers designed to devastate large areas. Russia had to respond. To accuse it of aggression against "small, defenseless Georgia" is not just hypocritical but shows a lack of humanity. . . . The Georgian leadership could do this only with the perceived support and encouragement of a much more powerful force."

Bruce Gagnon, coordinator of the Global Network against Weapons and Nuclear Power, commented in OpEdNews on August 11:

"The U.S. has long been involved in supporting ‘freedom movements’ throughout this region that have been attempting to replace Russian influence with U.S. corporate control. The CIA, National Endowment for Democracy . . . , and Freedom House (includes Zbigniew Brzezinski, former CIA director James Woolsey, and Obama foreign policy adviser Anthony Lake) have been key funders and supporters of placing politicians in power throughout Central Asia that would play ball with ‘our side’. . . . None of this is about the good guys versus the bad guys. It is power bloc politics . . . . Big money is at stake . . . . [B]oth parties (Republican and Democrat) share a bi-partisan history and agenda of advancing corporate interests in this part of the world. Obama’s advisers, just like McCain’s (one of his top advisers was recently a lobbyist for the current government in Georgia) are thick in this stew."

Brzezinski, who is now Obama’s adviser, was Jimmy Carter’s foreign policy adviser in the 1970s. He also served in the 1970s as director of the Trilateral Commission, which he co-founded with David Rockefeller Sr., considered by some to be the "master spider" of the Wall Street banking network. Brzezinski later boasted of drawing Russia into war with Afghanistan in 1979, "giving to the Soviet Union its Vietnam War." Is the Georgia affair an attempted repeat of that coup? Mike Whitney, a popular Internet commentator, observed on August 11:

"Washington’s bloody fingerprints are all over the invasion of South Ossetia. Georgia President Mikhail Saakashvili would never dream of launching a massive military attack unless he got explicit orders from his bosses at 1600 Pennsylvania Ave. After all, Saakashvili owes his entire political career to American power-brokers and US intelligence agencies. If he disobeyed them, he’d be gone in a fortnight. Besides an operation like this takes months of planning and logistical support; especially if it’s perfectly timed to coincide with the beginning of the Olympic games. (another petty neocon touch) That means Pentagon planners must have been working hand in hand with Georgian generals for months in advance. Nothing was left to chance."

Part of that careful planning may have been the unprecedented propping up of the dollar and bombing of gold and oil the week before the curtain opened on the scene. Gold and oil had to be pushed down hard to give them room to rise before anyone shouted "hyperinflation!" As we watch the curtain rise on war in Eurasia, it is well to remember that things are not always as they seem. Markets are manipulated and wars are staged by Grand Chessmen behind the scenes.

Ellen Brown, August 14, 2008

Ellen Brown, J.D., developed her research skills as an attorney practicing civil litigation in Los Angeles. In Web of Debt, her latest book, she turns those skills to an analysis of the Federal Reserve and "the money trust." She shows how this private cartel has usurped the power to create money from the people themselves, and how we the people can get it back. Her eleven books include the bestselling Nature’s Pharmacy, co-authored with Dr. Lynne Walker, and Forbidden Medicine.

Ellen Brown is a frequent contributor to Global Research.

This is all pretty heavy stuff. But, unfortunately business as usual for the Grand Chessmen. Starting wars and profiting from them is as old as war itself.

Are you still psyched about getting a new President this fall? Think again. Whomever replaces Bush will have the same agenda and the same orders from the same small group of Grand Chessmen.

Are you ready for a change? Take a look at Ron Paul. Ron Paul wants to eliminate the Federal Reserve and unlock the hold these money trust people have on America.

Rescue me, O LORD, from evil men;
protect me from men of violence,

who devise evil plans in their hearts
and stir up war every day.

They make their tongues as sharp as a serpent's;
the poison of vipers is on their lips. Psalm 140:1-3 (NIV)


If you have questions or comments, please feel free to contact me at the address below.
Email: DeltaInspire@panama-vo.com

Wag the Dog

I'm glad to be back from my trip. I hope that my time away was not missed too much.

Unfortunately, nothing much has changed in the financial markets since last week. The price of oil has been mainly hovering, edging slightly lower several days. This continues to keep the US dollar artificially stronger for the moment.

News for Freddie Mac and Fannie Mae continue to be bleak. Bloomberg reported today that the two government-chartered companies will fail to raise the equity they need to offset credit losses, prompting the U.S. Treasury to bail out the mortgage behemoths at taxpayer expense. The two tumbled in New York trading to their lowest levels in more than 17 years on concern of the likely government bail out which will wipe out common stockholders. A rescue of the companies, which own or guarantee 42 percent of the $12 trillion in U.S. home loans, would include preferred stock with a seniority, dividend preference and convertibility that would wipe out common stockholders, Barron's reported.

Today, we will begin an article published on August 14, 2008 by Ellen Brown, author of the book "Web of Debt". In this article titled "Wag the Dog: How to Conceal Massive Economic Collapse", she explore how the "Grand Chessmen of the Money Trust" control these market moves from behind the scenes.

Last week, Fannie Mae and Freddie Mac had just announced record losses, and so had most reporting corporations. Unemployment was mounting, the foreclosure crisis was deepening, state budgets were in shambles, and massive bailouts were everywhere. Investors had every reason to expect the dollar and the stock market to plummet, and gold and oil to shoot up. Strangely, the Dow Jones Industrial Average gained 300 points, the dollar strengthened, and gold and oil were crushed. What happened?

It hardly took psychic powers to see that the Plunge Protection Team had come to the rescue. Formally known as the President’s Working Group on Financial Markets, the PPT was once concealed and its very existence denied as if it were a matter of strict national security. But the PPT has now come out of the closet. What was once a legally questionable "manipulator" of markets has become a sanctioned stabilizer and protector of markets. The new tone was set in January 2008, when global markets took their worst tumble since September 11, 2001. Senator Hillary Clinton said in a statement reported by the State News Service:

"I think it’s imperative that the following step be taken. The President should have already and should do so very quickly, convene the President’s Working Group on Financial Markets. That’s something that he can ask the Secretary of the Treasury to do. . . . This has to be coordinated across markets with the regulators here and obviously with regulators and central banks around the world."

The mystery over what was going on with the dollar the first week in August was solved by James Turk, founder of GoldMoney, who wrote on August 7:

"The banking problems in the United States continue to mount, while the federal government’s deficit continues to soar out of control. . . . So what happened to cause the dollar to rally over the past three weeks? In a word, intervention. Central banks have propped up the dollar, and here’s the proof."

"When central banks intervene in the currency markets, they exchange their currency for dollars. Central banks then use the dollars they acquire to buy US government debt instruments so that they can earn interest on their money. The debt instruments central banks acquire are held in custody for them at the Federal Reserve, which reports this amount weekly."

"On July 16, 2008 . . . , the Federal Reserve reported holding $2,349 billion of US government paper in custody for central banks. In its report released today, this amount had grown over the past three weeks to $2,401 billion, a 38.4% annual rate of growth. . . So central banks were accumulating dollars over the past three weeks at a rate far above what one would expect as a result of the US trade deficit. The logical conclusion is that they were intervening in currency markets. They were buying dollars for the purpose of propping it up, to keep the dollar from falling off the edge of the cliff and doing so ignited a short covering rally, which is not too difficult to do given the leverage employed in the markets these days by hedge funds and others."

Just as central banks manipulate currencies in concert, so gold can be manipulated by massive selling of central bank reserves. Oil and any other market can be manipulated as well. But markets can be manipulated by only so much and for only so long without fixing the underlying problem. There is more bad news coming down the pike, news of such magnitude that no amount of ordinary manipulation is liable to conceal it.

For one thing, roughly $400 billion in ARMs (adjustable rate mortgages) have or will reset between March and October of this year. Assuming 3 to 6 months for strapped debtors to actually hit the wall with their payments, a huge wave of defaults is about to strike, continuing through March 2009 – just in time for the next huge wave of resets, in option ARMs.³ Option ARMs are loans with the option to pay even less than just the interest on the loan monthly, increasing the loan balance until the loan reaches a certain amount (typically 110% to 125% of the original loan balance), when it resets. The $800 billion credit line recently opened to Fannie Mae and Freddie Mac may be not only tapped but tapped out, at taxpayer expense. The underlying problem is little discussed but impossible to repair – a one quadrillion dollar derivatives scheme that is now imploding. Banks everywhere are facing massive writeoffs, putting the whole banking system on the brink of collapse. Only public bailouts will save it, but they could bankrupt the nation.

What to do? War and threats of war have been used historically to distract the population and deflect public scrutiny from economic calamity. As the scheme was summed up in the trailer to the 1997 movie "Wag the Dog".

"There’s a crisis in the White House, and to save the election, they’d have to fake a war."


Tomorrow, there will be more from Ellen Brown's article and how the government continues to use misdirection to accomplish their means. Stay tuned ...

My companion attacks his friends;
he violates his covenant.

His speech is smooth as butter,
yet war is in his heart;
his words are more soothing than oil,
yet they are drawn swords.

Cast your cares on the LORD
and he will sustain you;
he will never let the righteous fall.

But you, O God, will bring down the wicked
into the pit of corruption;
bloodthirsty and deceitful men
will not live out half their days.
But as for me, I trust in you. Psalm 55:20-23 (NIV)

If you have questions or comments, please feel free to contact me at the address below.
Email: DeltaInspire@panama-vo.com

The Dollar Rebound

The last couple weeks have seen some extraordinary moves in the financial markets. Analysts are all over the board in trying to explain the movements. Depending on what camp they are in, there are a myriad of data to support whatever angle they are trying to prove.

I simply have no angle to promote or any ax to grind. I simply want to educate and help prepare those who see that there is very dark economic times ahead, times that will forever change history. Some may think that is melodramatic or alarmist, but the facts don't lie.

No one can deny the existence of the subprime mortgage collapse and the huge ripple effects it created and still is creating.

[Banks' losses from the U.S. subprime crisis and the ensuing credit crunch crossed the $500 billion mark as writedowns spread to more asset types.

The International Monetary Fund in an April report estimated banks' losses at $510 billion, about half its forecast of $1 trillion for all companies. Predictions have crept up since then, with New York University economist Nouriel Roubini predicting losses to reach $2 trillion.]

No one can deny the price of oil rose to a record $147.27 on July 11, 2008, causing inflationary pressures on goods and services combined both now and well into the future. Estimates on real inflation prior to the record price were already in excess of 14% for 2008 and growing.

No one can deny the real estate market is in serious trouble and looking to get worse before it gets better. This includes the much tougher lending requirements across the board and the financial insolvency trouble facing Freddie Mac and Fannie Mae.

[Fannie Mae, the largest U.S. mortgage- finance company, cut its dividend 86 percent after posting a loss that was more than three times analysts' estimates and said the worst housing slump since the Great Depression is deepening.

Fannie, which owns or insures about 25 percent of all U.S. mortgages, said credit losses rose 66 percent to $5.3 billion as delinquencies rose. Chief Executive Officer Daniel Mudd forecast a "significant'' increase in reserves for the rest of the year as the housing market deteriorates. Fannie's results, combined with a loss by Freddie Mac that was also wider than analysts anticipated, may boost the need for Treasury Secretary Henry Paulson's bailout plan announced last month.

Fannie Mae, will stop buying or guaranteeing Alt-A home loans, such as those that require little or no documentation of borrower incomes or assets, by yearend.

Freddie Mac, which reported an $821 million quarterly loss Aug. 6th, said that Alt-A mortgages were the biggest reason for a surge in its foreclosure losses. The delinquency rate for the $190 billion of the loans owned by Freddie Mac or underlying the bonds the company guarantees jumped to 3.7 percent on June 30, from 1.8 percent on Dec. 31.]

No one can deny that the US dollar index slumped to a near record low of 71.87 on July 15, 2008, the lowest since the all time low previously set in April. Since then, the dollar has staged a remarkable turnaround and have gained for the last 9 consecutive days closing today at 76.39.

Many factors have contributed to that. Oil has dropped more than $30 a barrel in the last 3 weeks. There are a number of reports indicating weak economic data from Europe and the European Central Bank saying that economic results will be weak well through the third quarter of 2008 and hinting that they will likely lower interest rates sooner rather than later.

Also, the United Kingdom reported today that claims for jobless benefits climbed 20,100 in July to 864,700, the biggest increase since December 1992. Unemployment grew for the sixth straight month. The Bank of England signaled it could cut interest rates sooner rather than later. The pound sterling's trade-weighted index hit its lowest since January 1997. The pound dropped more than 3 cents against the dollar today to a 21 month low.

All of these factors provide some relief for the dollar, but none of them have changed the economic conditions in the US except for the decrease in the price of oil. Thus, the recent rebound of the dollar will very likely be short lived.

No one can deny that there are many banks and financial institutions in trouble. From Bear Stearns, IndyMac, Freddie Mac and Fannie Mae as previously mentioned, Wachovia, and more than 90 other banks have very precarious balance sheets due to bad credit risks. The FDIC is there to bail out troubled institutions, but how long can $49 billion in insurance funds insure more than $3 trillion in deposits if many institutions start failing?

I could certainly go on and on, but I think you get the point. All of these occurrences are leading to a 'perfect economic storm' that we will have to reckon with sooner or later. For those who ignore these warnings will simply be one of the nameless masses that are swept away.

So, will you heed the warnings and take steps to be prepared?

As always, the choice is yours.

As mentioned yesterday, I will not post any more entries the rest of the week due to travel plans.

then if anyone hears the trumpet but does not take warning and the sword comes and takes his life, his blood will be on his own head. Since he heard the sound of the trumpet but did not take warning, his blood will be on his own head. If he had taken warning, he would have saved himself. Ezekiel 33:4-5 (NIV)

If you have questions or comments, please feel free to contact me at the address below.
Email: DeltaInspire@panama-vo.com

Market Movers

The last couple days I've focused on the reasons for the extraordinary gains the US dollar has made the last week and a half. Today, we will get another perspective on what has transpired to fuel the moves.

The following alert is from John Williams (www.shadowstats.com) who comprises analysis and data behind and beyond government economic reporting. John has a annual subscription service available.

U.S. Dollar Strength Has No Fundamental Basis Other Than Temporary War Effects
U.S. Dollar Has Not Bottomed
Gold and Oil Prices Have Not Topped

The ongoing powerful rally in the U.S. Dollar and related heavy sell-offs in the oil and precious metals markets have no basis in the underlying fundamentals that usually drive activity in those arenas. Accordingly, irrespective of extreme near-term volatility in the various markets, the broad long-term outlook remains unchanged: along with further intensification of the inflationary recession and a deepening systemic and banking solvency crisis, the U.S. dollar, equities and bonds should suffer terribly, while gold and silver prices should boom. As with the longer range outlook for the markets, however, key to the current circumstance is the performance of the U.S. dollar.

Despite orchestrated media and market hype to the contrary, there has been absolutely no positive shift in underlying fundamentals driving the still-unfolding economic, financial-market and systemic-stability crises. The U.S. dollar's sharp gains reflect instead uncertainties tied to the outbreak of and rapid intensification in war in the Caucasus, with the greenback taking on its traditional flight-to-safety role. Those effects should be relatively short-lived, shy of the circumstance evolving into World War III. If anything, the slightly longer-term impact of that conflict should be bullish for both oil and gold.

Per the financial media, though, the dollar's strength reflects improving economic conditions in the United States versus the rest of the world. That is nonsense. Shy of gimmicked GDP reporting that few believe, the U.S. continues to see a deepening recession as evidenced in most other economic reporting. Usually, when the U.S. economy contracts the rest of the world follows. There is little news there.

The other factor at play is related, seen in the nature of finance ministers and central bankers to lie. There has been some heavy, but effective, spinmeistering and jawboning and possibly supportive covert intervention in support of the dollar. Central banks often do their best to trigger or enhance a desired move in currencies. Such factors exaggerate near-term volatility but do not have lasting impact.

Not reflecting any lasting change in real-world conditions, the dollar's happy gains should prove to be fleeting. Related to dollar buying has been the heavy selling of oil and gold, which also has not been driven by fundamental changes. Oil markets are volatile by nature, and, despite recent sharp swings, prices remain highly inflationary at current levels. The markets and financial system remain vulnerable to the least surprise and are highly unstable, at present. The inflationary recession continues to intensify, and gold remains the best long-term hedge against all the real risks facing investors and the system.

These matters are discussed more completely in the full newsletter, which is near going to press. The markets are moving faster than my writing, which is being finished here at the Outer Banks of North Carolina, hence this quick update in an Alert. Posting of the newsletter will be within the next day or so and will be advised by e-mail.

Best wishes to all,

John Williams

Based on the last couple posts in this blog, none of this information should surprise anyone. However, it is always helpful to get others' view of situations. There will be more tomorrow. Stay tuned ...

Special thanks go to John Williams and his insight on these extraordinary moves in the last couple weeks.

Please note that I will be out of town later this week and will not post after tomorrow for the remainder of the week.

"You live in the midst of deception;
in their deceit they refuse to acknowledge me,"
declares the LORD. Jeremiah 9:6 (NIV)

If you have questions or comments, please feel free to contact me at the address below.
Email: DeltaInspire@panama-vo.com

Spreading Global Economic Weakness

To continue on with the market analysis presented here on Saturday, today we will look at the situation from a slightly different perspective. Is it possible that are sub-prime mortgage fiasco and US bank failures are impacting the global economy? If it is, could those problems experienced elsewhere in the global community actually improve the situation in the US?

Jack Crooks explores that possibility in an article published on August 10, 2008 titled "Spreading Global Economic Weakness Is Positive for US Dollar".

Here are excerpts from the article.

Yesterday, the dollar rallied hard against the euro. And today I want to tell you what I think is happening. Let's start with a question ...

What happened to decoupling, the idea that other economies were immune to weakness in the U.S.?

Well, it seems as though the subprime fiasco has created bigger problems for the U.S. financial system than most people anticipated. And now we're seeing this economic virus spread across other areas of the globe.

If you want some evidence of contagion in other developed economies, look no further than these recent news items ...

• German industrial orders dropped sharply — by 2.9% in June. What's most disconcerting is that Germany's economy makes up one-third of total Eurozone output. And speaking of the rest of the Eurozone, many of those economies are bogged down by housing busts.
• The International Monetary Fund (IMF) called out the U.K. economy. Predictions for economic growth in the UK for 2008 and 2009 stood at 1.8% and 1.7%, respectively. Kiss those numbers goodbye. The IMF's latest forecast calls for a seriously lower 1.4% in 2008 and 1.1% in 2009.
• Australia is battling sluggish household spending and their financial sector is being challenged. The National Bank of Australia recently reported a huge second quarter write down which it attributed to massive holdings of CDOs.
• And the New Zealand Treasury anticipates a second consecutive quarter of negative GDP growth. By definition, New Zealand will have entered recession once official numbers are released. They'd be the second OECD-member country since Denmark to sink to official recessionary status.

The reality is that the big three in the developed world — the U.S. the U.K., and the Eurozone — are staring into the face of recession.

For All These Reasons, We Should Revisit The Commodities-Currencies Connection

If the global economy is slowing, and China is forced to work through excess inventory, demand for commodities will be impacted. My bet is that crude oil prices, in particular, will suffer from the realities I just described.

And remember, commodity prices and currencies influence each other in a self-feeding circle.

For example, falling crude prices may be the one force that allows central banks in the U.K. and Europe to begin lowering their interest rates.

If and when that occurs, the dollar will become more attractive relative to those currencies.

It wouldn't take a bold move on the part of the U.S. Federal Reserve, either. (Nor do I expect one.)

A narrowing interest rate disadvantage between the dollar and euro — or the dollar and the pound — would be hugely supportive for the greenback.

In fact, this may very well be why the dollar HAS ALREADY been holding up given such incredibly dismal news day after day from the U.S. economy.

Over the last year or so almost everyone's been pointing to the inverse relationship between the U.S. dollar and crude oil.

[During March through mid July], that's when the dollar bounced higher from its all-time low. Crude soared well beyond its record high at the same time.

Crude rallying and the dollar drifting slowly higher simultaneously? That was certainly no inverse correlation.

[However in the last month], this is where the tight inverse correlation has resumed. Only this time, the direction is in favor of the dollar . And it comes exactly after a new all-time high for crude prices.

Translation: The buck could be back.

The dollar has been able to continue its rally this week, even amidst a blitzkrieg of central bank announcements. While it has a long way to go — and recovery may not be swift — I think it's time to keep the dollar rally scenarios in clear sight. Especially now that other economies are catching the bug.

Jack Crooks


Although I don't agree with everything Jack states, it is true that our financial problems will affect other financial markets. If those markets are affected seriously, that may give our feeble dollar a little strength, however long that may last. It doesn't change our situation at all, but the focus is temporarily adverted to other problems. Notice that all the statistics sited were from the IMF or from the central banks of countries. These are the people that control the markets. This is a case for classic misdirection to obscure other moves. Be aware and prepared.

There will be more on the current financial market moves this week. Stay tuned ...

For the foolishness of God is wiser than man's wisdom, and the weakness of God is stronger than man's strength. I Corinthians 1:25 (NIV)

If you have questions or comments, please feel free to contact me at the address below.
Email: DeltaInspire@panama-vo.com

A New Trick

This week the focus has been about the road to Socialism, a disastrous ride from a free market system to one that only a very small group of people have control over everything. Everyone else is there to work the system. As part of this, there is no more ownership of private property. Americans, whether they are aware or not, are well on their way down this road. The internet has certainly changed the way society works, because information passes much more freely than corporate controlled media. This may be the only vehicle left to stop the US from going down that road to Socialism.

That being said, the manipulators do not want a total breakdown of the system. If that happens, too many things are unpredictable such as a revolution. They slowly and methodically control the movements of the economies in their favor, so that they can reap the benefits and have more power and control.

This week has seen some truly remarkable occurrences in the financial markets. To me, this is clear evidence that the manipulators are still calling the shots. Going back to the post on Friday, August 1, 2008 (The Government's Answer), the US banking industry is on the brink of financial collapse. With the bank failure of IndyMac, the insolvency pressures on Fannie Mae and Freddie Mac, and the SEC's decision to prohibit the naked short selling of 17 high profile financial institutions, all of these factors signify that they are losing control on the system. The financial 'wind shear' of inflation (rising prices) and deflation (shortage of liquidity due to the credit crunch) was threatening to tear the economy to pieces.

So, they come up with a new trick. No longer can they play games with the federal funds interest rate by the Federal Reserve (currently at 2%, the lowest since 2004), they began to play more with the price of oil to affect the economy and the global currencies. I ask you, what has transpired in the last three weeks that would cause oil to drop from $147 all the way to $115?

[If the Fed lowers the interest rate, that would bring more inflationary pressures on the economy. If the Fed raises the interest rate, the decreased liquidity could stall the economy completely, compounded with the credit crunch and the depressed real estate market.]

Crude oil fell to a three-month low, dropping to $115.15 per barrel. This eases the inflationary pressures on the economy and in effect, offers all mobile Americans an incentive stimulus package to continue spending. Crude oil, precious metals and crop prices all fell yesterday as the dollar climbed, reducing the appeal of commodities as a currency hedge. Oil dropped to a low of $115.06 a barrel since touching the record of $147.27 on July 11. Gold fell to $857.50 per ounce, Silver dropped all the way to $15.37 per ounce from $17.53 last week.

Meanwhile, the European Central Bank (ECB) also does not change their interest rates but ECB's President Jean-Claude Trichet said Aug. 7 economic growth will be "particularly weak'' through the third quarter. This had a disastrous effect on the value of the euro, which dropped the most in more than three years this week, pushing the currency to a six-month low against the U.S. dollar, as traders pared bets the European Central bank will raise interest rates as the economy slows. The currency fell the most in almost eight years on Friday, dropping below $1.50 for the first time since February. The currency tumbled 2.08 percent yesterday, from $1.5336 touching $1.499, in what the second biggest one-day decline since the introduction for the euro in 1999.

Since reaching a record high of $1.6038 on July 15, the euro has dropped 6.4 percent. The so-called trading envelopes, which measure how far from the mean a price has strayed, show the euro's decline has doubled the typical changes versus the dollar in the past 20 days. This is truly a remarkable occurrence.

"The most important aspect of the dramatic collapse in the euro dollar is the absence of confirmation from other markets,'' said David Woo, global head of currency strategy at Barclays Capital Inc. in London yesterday. "None of the typical drivers of the euro-dollar in the past couple of years could have accounted for the magnitude of this move, which leads one to conclude that this is a technical-driven (controlled) move. From that point of view, we do not think that this move is sustainable.''

So between the drop in the price of oil and the weakening of the European currencies, the US dollar rose remarkably in strength reaching 75.90 yesterday, a gain of 2.5 index points, the highest since Feb. 21. This is steepest weekly rally by the US Dollar Index since January 2005. This action spurred the S&P 500 to its biggest weekly gain since April. The S&P added 2.9 percent to 1,296.32, the highest since June 25. The Dow Jones Industrial Average increased 3.6 percent to 11,734.32.

Every American is starting to breathe a little easier at the news and will likely resume their spending habits, exactly as the manipulators expected.

Do you feel more relieved because of the lower prices? Or, do you feel more manipulated than ever and want things to change? Are you just a cog in the system, or do you want economic and political freedom that this country was founded on?

As always, the choice is yours.

They dress the wound of my people
as though it were not serious.
"Peace, peace," they say,
when there is no peace.

Are they ashamed of their loathsome conduct?
No, they have no shame at all;
they do not even know how to blush.
So they will fall among the fallen;
they will be brought down when they are punished,
says the LORD.

" 'I will take away their harvest,
declares the LORD.
There will be no grapes on the vine.
There will be no figs on the tree,
and their leaves will wither.
What I have given them
will be taken from them. Jeremiah 8:11-13 (NIV)


If you have questions or comments, please feel free to contact me at the address below.
Email: DeltaInspire@panama-vo.com

What Will Stop It?

This week, I've shared a very insightful article from John Loeffler about the very dangerous road to socialism. Americans are well on their way going down this road. Today, I will share some additional insights from John Loeffler in excerpts from another article titled "What Will Stop It?".

What Will Stop It?
Lesson #1 en Route to the Gulag

Americans have enjoyed so much freedom for so long, they have forgotten that freedom is a fluke in the history of the world; not the norm. Our freedoms were hard-won over hundreds of years of human tears. The current view that freedoms are somehow self-sustaining and "obvious" ignores a primary rule of the political universe, well established in human history: governments and those in them always gravitate toward power, money and control; power for themselves, confiscating money and property from their people, who then have to be controlled lest they protest too much.

The founding fathers thoroughly understood this, having experienced a lack of protections first hand. They understood that government is a necessary evil, not a paternalistic good. In assembling the Constitution, they knew that only a clear statement of citizens' rights would prevent power money and control from having their way.

Every one of our rights was established to protect individual citizens, the minority against the majority and to block abuse of power. "Shall not be infringed" was designed to prevent government encroachment; not as a guide for a "delicate balance" between "liberty" and "security." Delicate balances always collapse uni-directionally toward power, money and control and away from individual freedom!

Witness the worldview changes that have occurred since the radical left flower child revolution of 1960s. Americans have experienced such historical revisionism in schools that few can tell you what the Bill of Rights contains and why those rights are so important. America has been in a constant state of self-demonization to the extent that Constitutional rights are viewed as the obsolete product of dead white slave owners.

Americans have come to accept the core belief of Postmodernism; that there is no such thing as absolute truth or morals. Since there is no such thing as absolute truth, there is no such thing as absolute law. It all depends on what your definition of "is" is and the law can be tortured to say what we want it to say. As such, it can be used to convict anyone who needs to be convicted, since their rights can be defined away because it's all a matter of definition. Besides, many Americans believe that rights are something that are "deserved" rather than inalienable. And, after all, politically incorrect people don't deserve rights.

The Bill of Rights itself is under severe attack by means of thousands of laws which curtail the exercise of the rights or end run its prohibitions. The Bush administration seems determined to abolish habeas corpus and to suspend individual rights at will, merely by definition of an enemy combatant. The list of abuses is virtually endless. Every day, American citizens are routinely having their rights violated thanks to some legal precedent, which was established early on - usually leaving them little recourse because the law has been distorted so badly and the system has been rigged against them. The slide towards money, power and control is proceeding virtually unabated.

In a free society, rights protect the individual from the government. In a dictatorship, rights protect the government from the people. If enough legal precedents for end-runs of all the protections contained in the Bill of Rights are allowed to continue unchecked, where will those precedents be taken by future leaders when all protections have been dismantled? What will stop the tyranny that will invariably follow? Nothing.

John Loeffler

This gives us all something to think about. Do we take for granted the freedoms that our forefathers of our country fought and won a war for? Do we ever consider the possibilities of living in a socialistic state?

The point is that unless we change things, and soon, we will lose all our rights, including the ones guaranteed in the Bill of Rights. Are we not concerned enough to take action?

As always, the choice is yours.

"Therefore, this is what the LORD says: You have not obeyed me; you have not proclaimed freedom for your fellow countrymen. So I now proclaim 'freedom' for you, declares the LORD -'freedom' to fall by the sword, plague and famine. I will make you abhorrent to all the kingdoms of the earth. Jeremiah 34:17 (NIV)

If you have comments or questions, please feel free to contact me at the address below.
Email: DeltaInspire@panama-vo.com