Two Things

1.  We are on the cliff, now.  Europe has made a last ditch attempt to shore up the hillside while, at the same time, organizing an "organized" default of Greece.  How did they shore things up - they got the U.S., you, to protect Europe through the Federal Reserve.  Did you vote for this? (Meanwhile, Soros is calling for a world currency).

This could all sound complex, but in a nutshell, Greece is toast, Italy is turning brown, Spain is in trouble.  Germany is fed up.  European money is now coming to the U.S. shoring up our dollar, but this will be short term event.  So, don't think we are in that mythical rebound of the economy.  We are talking a week or so for dominoes to fall in Europe.  As to the impact here, I always guess too short in time periods and, after all, banks and governments are doing their best stick fingers in the dikes.

So, think endgame.  At best, a mini panic with stocks spiking, business winding down, and more layoffs.  Probably, to my view, a second recession. At least, the slow motion collapse will end idiot monetary interference based upon a long dead English bureaucrat.  Did you notice the President called for MORE printing of money as a plan to stop the result of printing money?  (It seems to me, the real forces that run things are moving to have Mr. Obama announce he is not running by years' end. Watch the news, the pressure is mounting everyday by merely reporting the crap that is going on and, now, being outraged.)

If you are keeping dollars, you may as well get some and stuff them in your pillow to cover the worst case scenario of bank holidays.  This is only a remote threat, but it is real and the idiots who deal with world finance make things worse every day.  You won't lose any interest by having cash (come on get some "junk silver,") as there isn't any and the dollar devalues daily, anyway.  (Buy coffee and cords of wood.) The goal, now, is to survive the next few years without permitting the growth of a fascist state, which is, after all, the point of the way we are handing the crisis.

The only financial plan I could suggest is get a small mortgage at a low fixed rate and buy silver.

Keynes is laughing in the afterlife.

2.

Saturday 9/17, 1pm to 5pm EDT - 
Watch this important event live online at: 
http://aapsonline.us1.list-manage.com/track/click?u=30a32513ae04f5445c95f3239&id=51b6211ddd&e=90fa94b30e

Scroll down for full agenda and list of speakers!

The Lehigh Valley COALITION for Health Care Reform Proudly Presents a Constitution Day Educational Workshop.

Everything You Wanted To Know About ObamaCare
(but Didn't Know Who to Ask)

1 to 5 p.m. EDT
Saturday,
September 17, 2011

Watch this Constitution Day workshop ONLINE
or join us IN PERSON at:

Gerald White Pavilion of the University Center,
DeSales University
2755 Station Avenue, Center Valley, PA 18034

 

CLICK HERE to download an event flier you can print to hand out to your colleagues and patients, or post in your doctors' lounge.

Click here for a map to the event location.

Watch the event live online at: 
http://aapsonline.us1.list-manage2.com/track/click?u=30a32513ae04f5445c95f3239&id=3ed714efd5&e=90fa94b30e

Agenda & Speakers:

Doors Open at Noon

1 p.m. - Welcome and Introduction The Nuts and Bolts of ObamaCare - What Happens When? Donna Baver Rovito, Chair, Lehigh Valley Coalition for Health Care Reform

A Constitution Day Question - Is ObamaCare Constitutional? How ObamaCare Affects Pennsylvania. Pennsylvania House RepresentativeDoug Reichley (PA-134th)

How ObamaCare affects Families, Children, and Seniors and Why Doctors Oppose It. Elena R. Farrell, D.O., Docs 4 Patient Care – PA Chapter Co-Founder

How ObamaCare affects Personal Liberty, Taxpayers, Medicare, Medicaid, and the Deficit. K. Nicholas Pandelidis, M.D., Docs 4 Patient Care – PA Chapter Co-Founder

How ObamaCare affects Businesses, Workers, Job Creation, and the Economy. Samuel Denisco, Director of Government Affairs, PA Chamber of Business and Industry

Break - Light Refreshments

How ObamaCare affects Doctors, Patients, Access to Care, Quality of Care, and American Medical Innovation. Richard A. Armstrong, M.D., F.A.C.S, Chief Operating Officer, Docs 4 Patient Care

What YOU Can Do to Help Defeat ObamaCare - Three Grassroots Efforts Right Here in PA. Pennsylvania Health Care Freedom Act (HB42) -Terrence O’Connor, Esq.

Nullification - William Taylor Reil

Health Care Compacts - John Morningstar

One More Time -IS ObamaCare Constitutional? Federal Efforts to Defund, Repeal, Replace ObamaCare. Speaker: Rep John Shadegg (AZ-3), Retired

Replacing ObamaCare: Why Separate Reforms Can Win the Day. John F. Brinson, Chair, Lehigh Valley Tax Limitation Committee

Effective Solutions - What Would Be Better than ObamaCare? Alieta Eck, M.D., President Elect, Association of American Physicians and Surgeons (AAPS), Co-Founder, Zarephath Health Center

3:50 p.m. - Break, Breakout Sessions with all speakers, Visit Exhibits

4:10 p.m. - Panel discussion, Questions from the Floor and Online Viewers. Moderator: Donna Baver Rovito

4:55 p.m. – Closing

Doors will remain open until 6 p.m.

Tick, tick, tick

Greg sends this warning along.  Note the tag line:  Preparing Americans for Hperinflation.  


The financial players who control countries and banks, not through being wise, think they can keep playing cards that have been described as Keynesian tools, when they are, in fact, attempts to avoid losses to the large banks by taking it from you.


They play these cards mechanically and avoid anything approaching a philosophy or even an understanding of human nature. On top of that, they are grievously mistaken about Keynes.  As much as we can hoot him down for the mess we are in, we must admit he allowed for these cards to be played when the budget was near balance, not trillions in the red.


The normacy bias assures us that we can work things out, that our people work hard, that our businesses are vibrant and flexible. This is a good thought, but it is not an axiom, not when unrestrained bureaucrats and bankers keep doubling down. The world is a Madoff scheme


World powers are literally banking on America's ability to create wealth, all the while its administration is trying to reduce the process, apparently intentionally. 


Our goverment is a confluence of children and Goldman Sachs.  Indeed, we are presented with a Supreme Court nominee who was an advisor to Goldman Sachs from 2005 - 2008, having just had a show trial to show how serious the administration is about reigning them in. She owes her career to Larry Summers.  


Over and over:  Harvard and Goldman Sachs.  Can you see how Hitler played his cards to become a fascist leader?  He turned on the power structure, the self-indulgent oligarchs, and led the people against them.


If anything, Goldman Sachs is letting Mr. Obama play president as it runs the world's economy. As noted in the video I sent out today, kings usually don't exist; they front for oligarchs.  


In Albany today, state union members were protesting, having been asked to work a day without pay, each week because their greed has caused the state to become insolvent. Imagine how these hostile socialists will be when their entitlement nation ends. End it must, one way or the other.


Think Greece has nothing to do with us?


Lest we forget:  buy junk silver

May 10, 2010

The World's Fiat Currency System Risks Collapse

On February 12th, NIA released an article entitled, "Greece Distracting from Real Debt Crisis in U.S." in which we said, "We hope that Greece doesn't get bailed out, because a bailout would cause foreign investors to become more irresponsible than ever and create even greater moral hazards. Unfortunately, not only is it likely that Greece will get bailed out, it's possible our own Federal Reserve will get involved. The U.S. Federal Reserve has the ability to make loans to foreign central banks without disclosure to the U.S. public. European banks have already benefited $50 billion from the U.S.'s bailouts of AIG, so it's not out of the realm of possibility that the Federal Reserve will intervene due to euro-zone countries being key U.S. trading partners."

NIA was right, late Sunday evening the Federal Reserve announced the re-establishment of U.S. dollar liquidity swap facilities with foreign central banks, as a part of the European Union (EU)'s nearly $1 trillion bailout plan. The Federal Open Market Committee has authorized swap lines through January 2011 with the Bank of Canada, the Bank of England, the European Central Bank (ECB), the Swiss National Bank, and the Bank of Japan.

While the Federal Reserve may say these swap lines are necessary "to help improve liquidity conditions in U.S. dollar funding markets and to prevent the spread of strains to other markets and financial centers", NIA recognizes that this is nothing more than another transfer of wealth from the American middle class to bankers around the world through inflation. This program was originally enacted in 2008 when the Federal Reserve loaned $582.8 billion to foreign central banks without any disclosure of which central banks got the money.

NIA believes it is unconstitutional for the Federal Reserve to make loans to foreign central banks. Most likely, the Federal Reserve was pressured by Wall Street to re-establish the swap facilities because Bank of America, Citigroup, JP Morgan, Goldman Sachs and Morgan Stanley have about $2.5 trillion in exposure to Europe, and Wall Street doesn't want to see their bets go bad.

Not only will Americans now be exposed to the European debt crisis through the Federal Reserve's swap lines, but the U.S. will be giving money away to Europe through the IMF. The IMF is contributing up to 220 billion Euros as a part of the bailout, which equals $283.1 billion at the latest exchange rate. The U.S. represents approximately 20% of IMF funding, which means the bailout is costing U.S. taxpayers $56.7 billion, not including the potential losses from loans made by the Federal Reserve and the inflation it will create.

The moral hazards of the EU bailout are immeasurable. It sets a dangerous precedent that the ECB won't allow any eurozone nations to fail, just like the Federal Reserve won't allow any major financial institutions on Wall Street to fail. Eventually, if you don't allow the free market to punish countries and financial institutions that recklessly speculated and made poor financial decisions, the financial crisis we are preventing will turn into a currency crisis that the western world will never be able to recover from. Although NIA still believes the U.S. dollar will win its race to the bottom with the Euro, we are now at risk of a total collapse of the world's fiat currency system.

Imagine if baseball teams weren't allowed to fail. You probably remember playing t-ball as a kid and at the end of every game, both teams were declared the winner. Think about what would happen if Major League Baseball declared there will no longer be losers at professional baseball games, both teams will be declared the winners of every game. Would you still pay $300 for a ticket to see a Major League Baseball game? Of course not, the value of the tickets would collapse to nothing, similar to how fiat currencies will soon lose their purchasing power if we don't allow countries and financial institutions to fail.

NIA is almost done producing its nearly hour-long documentary 'Meltup'. We spent quadruple the time and money producing Meltup than we did producing our previous critically acclaimed documentary 'The Dollar Bubble', which has already surpassed 710,000 views since November 23rd. We believe Meltup will be the best economic documentary ever produced in world history and a must see for yourself, your friends, and your family.

Last week, NIA conducted an hour-long interview with Gerald Celente, founder of the Trends Research Institute. We can honestly say that our interview with Mr. Celente was the single most shocking, insightful and informative interview we have ever witnessed or heard. NIA will be using footage from our interview with Mr. Celente in Meltup. We highly recommend that you visit Mr. Celente's Trends Research Institute and subscribe to his Trends Journal. We just got done reading his latest Trends Journal and it is one of the most compelling pieces of journalism we have ever come across.

If you would like your friends and family to be the first to see Meltup, please tell them to become a member of NIA for free.