John Galt 10-20-07

10.20.07What is the meaning of today’s markets and geopolitical events?Posted in Old Posts at 1:04 am by Administrator

I’m going to leave this rant short and sweet as it’s been a long three week period for moi and wow, what a nightmare. The economy in Florida is basically in total collapse. Not only do I sell now, but I get to make collection calls and they are increasing in number and dollar amount. When you start seeing the subcontractors bugging out, that’s a sign we are heading into Phase 2 of our typical Florida housing crash. That means we have 24-36 months to go. So what did the events of the markets today, and this week for that matter, plus the geopolitical storm mean?

First, the stock markets are lagging indicators right now. The refusal to put the garbage on their books out for everyone to see and let the markets decide means that the game of hide and seek must continue. The execs have to keep the illusion up through Thanksgiving to get their Christmas bonuses, but I don’t see it happening. There is a very good chance that next week, we could witness a major negative market event. I fear that the total collapse of the ABX and other commercial paper markets will cause another freeze up in the exchanges and will destroy the international credit system with us shipping the garbage out and the rest of the world repatriating dollars back in exchange. Now they are not participating and this weeks TIC report indicates to me that without the hedgies (Pirates of the Caribbean) and the U.K. (who has to participate because their banking system is married to ours) we would have witnessed a massive monetization of our debt. Instead, we are witnessing a back door acquisition by the Fed, using their laundry facilities in the Caymans. A lot will depend on the idiocy to be uttered at the end of the G7 meetings and if they call for a new currency structure (my guess) is uttered, then Sunday night could be an Asian tsunami of dollar liquidation. Keep in mind that when I say dollar liquidation, I’m not just talking the currency folks; I mean ALL dollar denominated assets including our equities and treasury garbage. The number to watch is 76.85 on the USD Index and 1485 on the S&P 500 cash index. If we violate those with volume on Monday, then we could see a rather dark day, that day. There is no chance the ChiComs or Fed can bail this puppy out and there may not be a desire to and instead scare everyone by painting the swan.

Next, the wild cards of Israel, Turkey, Russia, China and Pakistan will play prominently. We are well within our window of concern about moves being made against us or our allies. Any violence or change in dramatic strategic positions by the big boys, then not only could we see our financial markets touched off, we could see a play by our enemies inside the U.S. and overseas.

Pay attention, alert and prepared. Please.

Generally Speaking 8-26-07

The doomsayers are out in greater numbers than ever...and from every area in the news.
The troop surge is working in Iraq BUT the political side is failing so it doesn't matter, they say. They said just the opposite when the military side wasn't doing so well but the political side was running smoothly.
The sky is falling on the stock market they say. The market shot up over a thousand points in what, a little over a month? Has it ever rocketed up and not "corrected" soon afterward in a big way?
The housing market is crashing due to abhorrent misuse of the sub prime mortgage lenders. This one they are correct about except that the boom was created by the same factor.
Have you noticed how all broadcast news love a disaster...be it financial, a hurricane, flooding , fire, murder (big or small) and lately mine cave ins. Did you know if we reported on mine deaths (cave in or accident) in China it would be daily news and in greater numbers than we have seen in the past few years. It is far safer to be a policeman or a stunt man in China than a coal miner. Oh, and our biggest trading partner still uses slave labor in many industries...the government rents them out...just like the Nazis. Of course, with Americas materialism if the Nazis were still around, and had the lowest prices, we'd buy from them. If you doubt any of this wander around just about any store and find something made in the U.S.A. It's getting pretty scary. My political science teacher in high school said we would know when the U.S. was failing if we were importing most of our food. Are we there yet?

The Battle Rages as the Chickens Come Home to Roost By: Tim W. Wood

Market wrap up for Friday August 24
http://www.financialsense.com/index.html

Syria Has Weapons of Mass Destruction Stockpiles

August 17, 2007
The Trumpet

Syria now has chemical and biological weapons than can strike Tel Aviv and other major Israeli cities, a recent Israeli intelligence report said. However, Defense Minister Ehud Barak has banned the distribution of gas masks in Israel for fear of upsetting the fragile peace with Syria, Israel Insider reports.

Photo: Israeli Defense Minister Ehud Barak won't distribute gas masks in fear of antagonizing Syria to use its weapons. (Jack Guez /AFP/ Getty Images)

Barak said that the distribution of gas masks might give the impression that Israel was preparing for war with Syria and escalate the tense situation between the two countries. Syria attacked Israel in the 1948, 1967 and 1973 wars, and is a sponsor of terrorism.

The move was heavily criticized by many Israeli government officials, and for good reason. Yuval Steinitz, head of Homefront Preparedness in Israel’s Knesset, argued that it is the Defense Minister’s duty to protect civilians from a possible chemical or biological attack and said failure to do so was an egregious error.

Syria has been stockpiling missiles and launchers in and around the Golan Heights area for months, and is reportedly using Iranian money to purchase sophisticated military equipment from Russia and North Korea. “Military sources said intelligence shows Syria was nearing the end of an accelerated deployment of a large rocket arsenal of Katyusha and Scud missiles, including Scud D and other improved missiles supplied by Iran, that can deliver 500-kilogram payloads to Tel Aviv …” the Jerusalem Post said. Many of these missiles can be outfitted with chemical or biological warheads.

The tension between the two sides is so high that some believe even the distribution of gas masks to civilians could push the region over the edge and into war. Still, Israel’s gamble with its citizens’ lives for the sake of showing Damascus it has no intention of attacking could be reasonably interpreted by its enemies as a sign of weakness—and an opportunity. Israel is in an extraordinarily difficult position.

http://www.thetrumpet.com/index.php?page=article&id=3583

Generally Speaking

In my opinion the citizens of our country have lost their minds, their memory and their moral direction, not necessarily in that order. Actually, I guess any order will do. You cannot lose any of these three 'M's without adversely effecting the others. And it's not enough just to lose them, we as a Nation have chosen to deny them, to deny that Judeo-Christian moral law had anything to do with our strength and success over these last few centuries. Certainly to deny that it is the foundation upon which we built our country.
With the loss of a moral foundation (abortion on demand, legalized sexual deviants, removing God from our schools) we are now floundering in a sea of uncertainty simply because we are told there is NO ABSOLUTE truths. All truth is subject to the variables of time, place and individual interpretation and therefore there can be no absolute truth. Ever. The scary thing is, if you apply their interruptive truth theory to history then maybe the Nazi's weren’t so wrong and maybe the murder and mayhem that was the dark ages wasn't so hideous. The diversity chant that rocks across our country has destroyed a number of Empires through history. Maybe it's just our turn.
Have you seen the new dollar coin? Try to find "In God we trust" on it.

J.B. Thompson

The Destruction of the United States

We know Dick Lamm as the former Governor of Colorado. In that context his thoughts are particularly poignant. Last week there was an immigration overpopulation conference in Washington , DC, filled to capacity by many of America's finest minds and leaders. A brilliant college professor by the name of Victor Hansen Davis talked about his latest book, 'Mexifornia,' explaining how immigration - both legal and illegal was destroying the entire state of California. He said it would march across the country until it destroyed all vestiges of The American Dream.

Moments later, former Colorado Governor Richard D. Lamm stood up and gave a stunning speech on how to destroy America. The audience sat spellbound as he described eight methods for the destruction of the United States. He said, 'If you believe that America is too smug, too self-satisfied, too rich, then let's destroy America. It is not that hard to do. No nation in history has survived the ravages of time. Arnold Toynbee observed that all great civilizations rise and fall and that 'An autopsy of history would show that all great nations commit suicide.''

'Here is how they do it,' Lamm said:

'First , to destroy America, turn America into a bilingual or multi-lingual and bicultural country. History shows that no nation can survive the tension, conflict, and antagonism of two or more competing languages and cultures. It is a blessing for an individual to be bilingual; however, it is a curse for a society to be bilingual. The historical scholar, Seymour Lipset, put it this way: 'The histories of bilingual and bicultural societies that do not assimilate are histories of turmoil, tension, and tragedy.' Canada, Belgium, Malaysia, and Lebanon all face crises of national existence in which minorities press for autonomy, if not independence. Pakistan and Cyprus have divided. Nigeria suppressed an ethnic rebellion. France faces difficulties with Basques, Bretons, and Corsicans.'

Lamm went on: 'Second, to destroy America, invent 'multiculturalism' and encourage immigrants to maintain their culture. Make it an article of belief that all cultures are equal; that there are no cultural differences. Make it an article of faith that the Black and Hispanic dropout rates are due solely to prejudice and discrimination by the majority. Every other explanation is out of bounds.'

'Third, we could make the United States an 'Hispanic Quebec' without much effort. The key is to celebrate diversity rather than unity. As Benjamin Schwarz said in the Atlantic Monthly recently: 'The apparent success of our own multi-ethnic and multicultural experiment might have been achieved not by tolerance but by hegemony. Without the dominance that once dictated ethnocentricity and what it meant to be an American, we are left with only tolerance and pluralism to hold us together.' Lamm said, 'I would encourage all immigrants to keep their own language and culture. I would replace the melting pot metaphor with the salad bowl metaphor. It is important to ensure that we have various cultural subgroups living in America enforcing their differences rather than as Americans, emphasizing their similarities.'
'Fourth, I would make our fastest growing demographic group the least educated. I would add a second underclass, unassimilated, undereducated, and antagonistic to our population. I would have this second underclass have a 50% dropout rate from high school.'

'My fifth point for destroying America would be to get big foundations and business to give these efforts lots of money. I would invest in ethnic identity, and I would establish the cult of 'Victimology.' I would get all minorities to think that their lack of success was the fault of the majority. I would start a grievance industry blaming all minority failure on the majority population.'

'My sixth plan for America's downfall would include dual citizenship, and promote divided loyalties. I would celebrate diversity over unity. I would stress differences rather than similarities. Diverse people worldwide are mostly engaged in hating each other - that is, when they are not killing each other. A diverse, peaceful, or stable society is against most historical precedent. People undervalue the unity it takes to keep a nation together. Look at the ancient Greeks The Greeks believed that they belonged to the same race; they possessed a common language and literature; and they worshipped the same gods. All Greece took part in the Olympic games. A common enemy, Persia, threatened their liberty. Yet all these bonds were not strong enough to overcome two factors: local patriotism and geographical conditions that nurtured political divisions. Greece fell. 'E. Pluribus Unum' -- >From many, one. In that historical reality, if we put the emphasis on the 'pluribus' instead of the 'Unum,' we will balkanize America as surely as Kosovo.'

'Next to last , I would place all subjects off limits. Make it taboo to talk about anything against the cult of 'diversity.' I would find a word similar to 'heretic' in the 16th century - that stopped discussion and paralyzed thinking. Words like 'racist' or 'xenophobe' halt discussion and debate. Having made America a bilingual/bicultural country, having established multi-culturism, having the large foundations fund the doctrine of 'Victimology,' I would next make it impossible to enforce our immigration laws. I would develop a mantra: That because immigration has been good for America, it must always be good. I would make every individual immigrant symmetric and ignore the cumulative impact of millions of them.' In the last minute of his speech, Governor Lamm wiped his brow. Profound silence followed.



Finally he said, 'Lastly , I would censor Victor Hanson Davis's book 'Mexifornia.' His book is dangerous. It exposes the plan to destroy America. If you feel America deserves to be destroyed, don't read that book.'

There was no applause. A chilling fear quietly rose like an ominous cloud above every attendee at the conference Every American in that room knew that everything Lamm enumerated was proceeding methodically, quietly, darkly, yet pervasively across the United States today. Discussion is being suppressed. Over 100 languages are ripping the foundation of our educational system and national cohesiveness. Even barbaric cultures that practice female genital mutilation are growing as we celebrate 'diversity.' American jobs are vanishing into the Third World as corporations create a Third World in America. Take note of California and other states. To date, ten million illegal aliens and growing fast It is reminiscent of George Orwell's book '1984.' In that story, three slogans are engraved in the Ministry of Truth building: 'War is peace,' 'Freedom is slavery,' and 'Ignorance is strength.'

Governor Lamm walked back to his seat. It dawned on everyone at the conference that our nation and the future of this great democracy is deeply in trouble and worsening fast. If we don't get this immigration monster stopped within three years, it will rage like a California wildfire and destroy everything in its path, especially The American Dream.

If you care for and love our country as I do, take the time to pass this
on just as I did for you. NOTHING is going to happen if you don't.

Declaration of Independence

In CONGRESS, July 4th, 1776.

The Unanimous Declaration of Independence of the thirteen united States of America.



When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the Powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty, and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed. That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, having its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shown that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security. Such has been the patient suffrance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world.

He has refused his Assent to Laws, the most wholesome and necessary for the public good.

He has forbidden his Governors to pass laws of immediate and pressing importance, unless suspended in their operation till his Assent should be obtained; and when so suspended, has utterly neglected to attend to them.

He has refused to pass other Laws for the accommodation of large districts of people, unless those people would relinquish the right of Representation in the Legislature, a right inestimable to them and formidable to tyrants only.

He has called together legislative bodies at places unusual, uncomfortable, and distant from the depository of their Public Records, for the sole purpose of fatiguing them into compliance with his measures.

He has dissolved Representative Houses repeatedly, for opposing with manly firmness his invasions on the rights of the people.

He has refused for a long time, after such dissolutions, to cause others to be elected; whereby the Legislative Powers, incapable of Annihilation, have returned to the People at large for their exercise; the State remaining in the meantime exposed to all the dangers of invasion from without, and convulsions within.

He has endeavored to prevent the population of these States; for that purpose obstructing the Laws for Naturalization of Foreigners; refusing to pass others to encourage their migration hither, and raising the conditions of new Appropriations of Lands.

He has obstructed the Administration of Justice, by refusing his Assent to Laws for establishing Judiciary Powers.

He has made Judges dependent on his Will alone, for the tenure of their offices, and the amount and payment of their salaries.

He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people, and eat out their substance.

He has kept among us, in times of peace, Standing Armies without the Consent of our legislatures.

He has affected to render the military independent of and superior to the Civil Power.

He has combined with others to subject us to a jurisdiction foreign to our constitution, and unacknowledged by our laws; giving his Assent to their acts of pretended legislation.

For quartering large bodies of armed troops among us:

For protecting them, by a mock Trial, from Punishment for any Murders which they should commit on the Inhabitants of these States:

For cutting off our Trade with all parts of the world:

For imposing taxes on us without our Consent:

For depriving us in many cases, of the benefits of Trial by Jury:

For transporting us beyond Seas to be tried for pretended offenses:

For abolishing the free System of English Laws in a neighboring Province, establishing therein an Arbitrary government, and enlarging its Boundaries so as to render it at once an example and fit instrument for introducing the same absolute rule into these Colonies:

For taking away our Charters, abolishing our most valuable Laws, and altering fundamentally, the Forms of our Governments:

For suspending our own Legislatures, and declaring themselves invested with Power to legislate for us in all cases whatsoever:

He has abdicated Government here, by declaring us out of his Protection and waging War against us.

He has plundered our seas, ravaged our Coasts, burnt our towns, and destroyed the lives of our people.

He is at this time transporting large armies of foreign mercenaries to compleat the works of death, desolation and tyranny, already begun with circumstances of Cruelty & perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the Head of a civilized nation.

He has constrained our fellow Citizen taken Captive on the high Seas to bear Arms against their Country, to become the executioners of their friends and Brethren, or to fall themselves by their Hands.

He has excited domestic insurrections amongst us, and has endeavored to bring on the inhabitants of our frontiers, the merciless Indian Savages, whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions.

In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince, whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.

Nor have We been wanting in attention to our British brethren. We have warned them from time to time of attempts by their legislature to extend an unwarrantable jurisdiction over us. We have reminded them of the circumstances of our emigration and settlement here. We have appealed to their native justice and magnanimity, and we have conjured them by the ties of our common kindred to disavow these usurpations, which would inevitably interrupt our connection and correspondence. They too have been deaf to the voice of justice and of consanguinity. We must, therefore, acquiesce in the necessity, which denounces our Separation, and hold them, as we hold the rest of mankind, Enemies in War, in Peace Friends.

We, therefore, the Representatives of the United States of America, in General Congress, assembled, appealing to the Supreme Judge of the world for the rectitude of our intentions, do, in the name, and by authority of the good People of these Colonies, solemnly publish and declare, That these United Colonies are, and of Right ought to be Free and Independent States; that they are Absolved from all Allegiance to the British Crown, and that all political connection between them and the State of Great Britain, is and ought to be totally dissolved; and that as Free and Independent States, they have full power to levy War, conclude Peace, contract Alliances, establish Commerce, and to do all other Acts and Things which Independent States may of right do. And for the support of this Declaration, with a firm reliance on the Protection of Divine Providence, we mutually pledge to each other our Lives, our Fortunes and our sacred Honor.

The Original Thirteen Colonies:
- Carolina (Later divided into North and South Carolina)
- Connecticut
- Delaware
- Georgia
- Maryland
- Massachusetts
- New Hampshire
- New Jersey
- New York
- Pennsylvania
- Rhode Island
- Virginia