If

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THE INTERNATIONAL FORECASTER
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An international financial, economic, political and social commentary.
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1
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2
Farren Shoaf –June 9th, 2009–The Real News Radio
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*****
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<http://www.youtube.com/watch?v=trbfxyVJ1iY&feature=channel_page>
Radio Liberty part 1 <http://www.youtube.com/watch?v=lZRH2CtEu2k>

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For a Few Bailout's More

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Billions more needed for financial rescue

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*****
The link to the Political Pistachio Radio Revolution episode you appeared on is:
http://www.blogtalkradio.com/politicalpistachio/2009/06/28/Political-Pistachio-Radio-
Revolution
Thank you,
Douglas V. Gibbs
www.blogtalkradio.com/politicalpistachio, Host, Producer
www.politicalpistachio.com, Founder
www.americandailyreview.com, Co-Founder, Senior Writer
*****
SCHEDULED ISSUES
Saturday, July 11, 2009
Wednesday, July15, 20009
Saturday, July 18, 2009
Wednesday July 22, 2009
US MARKETS
The Obama administration may start its program to spur purchases of
mortgage-backed securities from banks with about $20 billion in public and private
money, down from as much as $100 billion when the effort was announced in March,
sources said. The Treasury Department will pro vide about $1.1 billion in capital to
eight to 10 money managers it will select for its Public-Private Investment Program.
3
[It is interesting that no mention is made of the fact that the Fed is creating
(monetization) $3 trillion to purchase US Treasuries, Fannie Mae and Freddie Mac
bonds and CDO toxic waste from banks. The Fed will not tell us what they are paying
for the CDOs and part of the game is that the banks rotate the money into Treasuries,
a sweet little daisy chain. As you can see, the Treasury might get an additional $20
billion into CDOs. We don’t see it happening. The private interests don’t want to get
involved. Bob]
US consumers made 675,351 bankruptcy filings in the first half of 2009, a 36.5
percent increase from a year ago, according to the American Bankruptcy Institute.
June filings by consumers totaled 116,365, up 40.6 percent from the same period in
2008, the ABI said.
Oracle plans to cut as many as 1,000 jobs in Europe, the CFDT labor union
said on its Internet site. Of the total, about 250 jobs will be lost in France, equivalent to
16 percent of the company's workforce there.
British authorities have started an investigation into millions of dollars of
payments from the operations of the convicted money manager Bernard L. Madoff to
companies linked to the Austrian banker Sonja Kohn, an Austrian official confirmed
yesterday.
The Serious Fraud Office had asked Austrian prosecutors in May for help in
investigating payments made by Madoff’s London office for research reports by Bank
Medici, which was majority-owned by Kohn, who also served as its chairman.
“We’re closely cooperating with the SFO and the US Justice Department in that
case,’’ the official, Gerhard Jarosch, a senior public prosecutor in Austria, said
yesterday. A separate investigation by the Austrian prosecutor into whether Kohn and
Bank Medici were involved with Madoff is continuing, he said.
Prosecutors are looking into whether Madoff paid more than $40 million to
Kohn in exchange for turning three Bank Medici funds into feeder funds for his
business, The Wall Street Journal reported, citing affidavits filed by prosecutors in the
United States and Britain. The Austrian daily Der Standard reported last week that
Kohn received about $11.5 million, for research reports for which prosecutors were
unable to find receipts.
U.S. service industries from retailers to homebuilders contracted last month at
the slowest pace in nine months, as measures of new orders and employment
improved.
The Institute for Supply Management’s index of non- manufacturing
businesses, which make up almost 90 percent of the economy, rose to 47 -- higher
than forecast -- from 44 in May, according to data from the Tempe, Arizona-based
group. Readings less than 50 signal contraction.
Our President favors torture just like his predecessor did. He threatens other
governments if they expose what his administration is up too. He blocks any and all
exposure of government activities, a culture of non-disclosure. In addition, there is a
large list of dissidents, such as myself and other publishers and radio personalities of
every political persuasion. Anyone who exposes what the Illuminists are up too is an
enemy of the state. We wish George Orwell were here to see this.
Last week we filled you in on the scandal that could envelope and crush the
administration. That is the illegal arbitrary dismissal of Investigator General Gerald
Walpin who tried to get criminal charges brought against Barry’s close friend and
Mayor of Sacramento, Kevin Johnson who misappropriated some $500,000. The AG
later layed a $73,000 payback on Johnson. As you can see, crime pays. More blatant
corruption. We have done scores of programs on the mainline media regarding the
scandal, something the kept media themselves refuses to do.
4
Sir Alan Greenspan was a disaster for America. His latest lying, idiotic
comment was, “I don’t think it is an economic problem – it is a political problem.”
What we have is a monetary and fiscal problem that translates into an
economic problem. The American engine of growth has grounded to a halt over the
past two years as a result and has taken the entire world economy with it. Today’s
problems are very much an out growth of Greenspan’s terribly flawed monetary
management, followed by an equally incompetent Ben Bernanke.
What else would you call non-financial growth in the early nineties, which
averaged $565 billion annually that peaked at $3.545 trillion in 2007? Does that sound
like monetary sanity? This was the massive system of credit that inflated asset prices,
incomes, corporate profits and government revenues. This caused the wild orgy of
consumption, services, including de-industrialization and massive imports spawned by
free trade, globalization, offshorting and outsourcing. Those horrendous events will
take decades to reverse. Who can call prudent or reasonable the creation of those
combined Treasury, GSE and MBS obligations surging $1.949 trillion, or 15.3% in
2008 to $14.709 trillion? This is called Ponzi finance dynamics. The word is bubble
and that bubble is still being sustained. How does Sir Alan justify Total Mortgage Debt
growth from the 90s averaging $269 billion to $1 trillion by 2003 and $1.390 trillion in
2006? ABC, asset backed securities, went from $200 billion in 2003 and beyond $800
billion in 2006. MBS doubled in four years to $4.5 trillion by the end of 2007.
That was the bad news; unfortunately there is worse news on the way. Today’s
credit crisis finance bubble will make the residential and commercial bubble look like a
joke. Multiply by 5 or 10. Who knows where this can end up? The bomb is in the air
and hasn’t even hit yet. The quality of Treasury, GSE (Fannie Mae and Freddie Mac),
CDO and ABS falls every day. The debt is massive and it is not producing real
economic wealth creation. This is a tremendous drag on the system. Wage increases
are miniscule, inflation grows as purchasing power falls as does general confidence.
There is major misallocation of assets and a maladjusted economic structure that can
only end in dire inflationary consequences.
The private creation of real jobs has generated about 100,000 jobs a year and
the public sector more than double that, or 240,000 a year. Most jobs created over the
past ten years have been low paying. 290,000 have been created in healthcare,
157,000 in food and drinking establishments and 139,000 in government education.
Declining jobs, free trade, globalization, offshoring and outsourcing, have decimated
living standards and have caused a massive transfer of wealth to BRICs; OPEC and
slave labor countries that cheapen their currencies by manipulating them and by
subsidizing their industries. In just the first quarter GDP fell 5.5% due to a decline in
inventories and trade. The 37.3% decline in business investment and inventories was
a record. The greatest decline since 1947 when records began. The 38.8% decline in
homebuilding is the largest contraction since 1980.
Next comes the planned reduction of Fed market support programs, including
swap lines with 14 international central banks, due to expire in October to February.
The Fed says it will reduce the maximum size of its term securities lending facilities,
TSLF, from $200 billion plus options, and the maximum size of its term auction facility,
TAF, to $500 billion from $600 billion. This is part of the Fed’s glide path to
normalization. This rhetoric can’t happen unless the Fed has finally decided to allow
deflation to take over and we do not see that happening.
On of the more instigators of our current credit crisis, Goldman Sachs, are now
recording record bonuses in the greatest financial crisis in almost 80 years.
This success by Goldman is not shared throughout the industry. The walls of
capitalism are falling and Goldman is making a fortune. We ask how? The answer is
5
inside information and that they are even more corrupt than Washington is. Goldman is
part of a triumphinit that rules America although few Americans are aware of their
power – a power that sucks the very lifeblood out of our country and has for at least
the last 100 years. These people and others have controlled our country for a long
time. It is a marriage made in hell. Many country’s politicians and Wall Street and
bankers control money and in turn control almost every nation today.
This past April we saw tax reductions and increased benefits of $121 billion on
an annualized basis. As a result consumer spending increased by a paltry $1 billion. In
May, stimulus was $163 billion and consumer spending only increased by $25 billion.
As a result personal savings jumped from 4.3% in March, 5.6% in April and 6.9% in
May.
This result needless to say is not what the Frankenstein elitists in Washington
had in mind. The next step, of course, is to force consumers to spend, otherwise the
consumer cycle won’t work. The public is spending $0.08 of every stimulus dollar and
the rest is being used to pay down debt or is going into savings. We predicted 90%
would not be spent and again we were right, that means as a percentage of GDP only
70% is coming from the consumer, down from 72% at the peak.
The stimulus package did another thing and that is distort income in the second
quarter resulting in income gains of 1.4% in May. The year-on-year trend is still -1.1%.
This year 5% of workers took unpaid leave and 15% had to accept a pay cut.
Ten percent had to take an extra job last year and 20% of 45 to 54-year olds took
second jobs.
Between now and 2013, $5 trillion in wealth will have to be liquidated. A good
part of that will occur over the next 3-1/2 years. That means continued monetization
and depression and an ever-depreciating dollar. This depression will last 8 to 20 years.
The workweek has fallen to 33.1 hours. We see that number below 30 next
year.
Probably more than 50% of workers will stop funding 401(k)’s, IRA’s and
Roth’s. Twenty-five percent of companies are suspending 401(k)’s and that number
will grow. That will have a devastating affect on the stock and bond markets. Again,
get out of all stocks except gold and silver shares and Canadian Treasuries. Get out of
corporate bonds. Interest rates will rise over the next two years. Get rid of cash value
life insurance policies and annuities. No CDs of any kind. Unemployment has doubled
in seven months from 7 to 14 million. In the previous eight years, due to free trade,
globalization, offshoring and outsourcing, we lost 5 million jobs. We are calling U6
unemployment at 20.5%. Officially it is 16.5%. Even the Center for Labor Market
Studies at Northeastern University says real unemployment is 18.2%.
Our President is just realizing that he is presiding over the bankruptcy of the
US. In order to bring this to a halt he would have to cut mandatory programs that
underline the welfare state, which makes up 60% of the budget. We see no chance of
that happening. That means in the next three years the Treasury will go broke. Once
the insolvency occurs welfare, Social Security and Medicare will end along with many
other programs. Imperial America will cease to exist. Those occupations in Japan,
South Korea, Europe, Iraq, Afghanistan and hundreds of other bases, will end, unable
to be financed. The burden will be too much to any longer bare.
How can any national government expect to survive fiscally as tax revenue falls
18% and spending increases 18%? All the players know this, so the only conclusion
we can come to is that they want our government to collapse. Worse yet, spending
won’t be the official $1.84 trillion, but $2 to $2.5 trillion. Corporate tax revenues have
fallen 61% and individual returns are off 22% as of May. The US government and the
Fed are committed to spend $12.8 trillion, but if we add in further Fed monetization
6
declared to be created by 9/30/09, that figure will be closer to $15.8 trillion. This is
much greater than our entire GDP for last year. As a result the 30-year bond is off
almost 30% this year, and the 10-year note has lost 11%. Overall all Treasuries are off
more than 6% and that is while the Fed has been manipulating the bond market. While
all this has transpired the dollar has fallen from 89.5 on the USDX to 79.9 - that is
close to 10%. Thus, if you owned 10-year T-notes you have lost 20% of your capital,
plus the inflation loss of 9%. You are a net loser of some 30%. Two types of investors
buy T-bills, or bank CD’s, they are either dumb or they have a vested interest in not
seeing the system collapse.
Buyers of treasuries and Agencies cannot absorb these losses indefinitely. This
has been going on for 9 years. From this level we believe losses could be the intrinsic
value of all the funds invested. One is certainly looking at in excess of a 60% loss in
purchasing power. The average foreign nation holds 64.5% of their reserves in US
dollars. That should break just about everyone.
As a result of this profligate mayhem other nations have begun barter
exchanges. That is Russia with Europe, China and Brazil. If Cap and Trade is passed
by the Senate the cost of imports will rise 20% and foreigners will refuse to accept US
dollars in payment. If the US does not comply with foreign currencies or barter they will
not be able to purchase oil. The US imports 65% of its oil needs, perhaps more. We
won’t have much to barter with, because we do not have the export numbers we once
had.
Unemployment will rise into 2013. What will we do with 150,000 people
entering the labor force annually? Fifty-three percent of workers let go were fired
permanently. Four million jobs in construction, financial services, durable goods
manufacturing and leisure and hospitality won’t come back for a long time. Official
overall male unemployment supposedly is 10.5%, for those 20 to 24, 15% and for
those 16 to 19 it is 23%.
The Dow is going to 2,800 to 3,200, if we are lucky. We are not in a new bull
phase, as CNBC and others would have us believe. All indicators point to a market
breakdown. You can take that to the bank.
Deflation has been an underlying factor in the world economy for six years. It
has been temporarily overcome by zero interest rates and the creation of massive
amounts of money and credit worldwide.
The CRB fell 53% and is now off 39% and international shipments are yet to
recover.
As a dollar solution China, Russia and Brazil are pursuing SDR’s, IMF Special
Drawing Rights, which are not worth the paper they are written on. Now the IMF wants
to issue fiat bonds based on fiat currencies. If issued the bonds will not trade in the
open market, only between central banks. Who we ask will absorb all the toxic waste?
The answer is the make believe bank known as the IMF. The switch would be another
prolongation of the crisis. Our guess is the US Treasuries will be delivered to the
Treasury, the IMF will be credited, and the Treasuries won’t reenter the trading system
and just be deposited by passing monetization. That is pretty slick, but it won’t solve
any problems in the long run. This does not mean Treasury auctions will cease. We
expect the exchange of US Treasuries will be from present holders who want to be out
of dollar denominated securities, such as China. It is no more than a game of musical
chairs.
As you know the Treasury currently is in the process of buying and monetizing
$300 billion in treasury debt. We wrote two months ago that figure would increase to
$1 trillion by 9/30/09. The administration and congress have no intention of cutting
spending. When the system collapses it will be far worse than it should have been.
7
This is the way Barry Saetoro does business along with his Bilderberger-CFR
pals. You wanted change, you got it. It is debt that will bankrupt our nation and turn our
country into chaos. As his predecessor did, our president has followed in his footsteps
by using secrecy to cloak fiscal chicanery and outright illegal actions. Corruption and
cronyism are already flourishing on his watch. Just look at the scandal in the firing and
resignations of Investigators General. You hear little or nothing in the mainline media
regarding the corruption. You hear nothing about the 244 co-sponsors of Ron Paul’s
HR 1207, ”the Federal Reserve Transparency Act of 2009.” All we hear are lies,
disinformation, propaganda and omission of anything important. Washington and Wall
Street do the same. Americans are being spied upon by their own government on an
ever-increasing basis. To think we once worked in conjunction with the National
Security Agency some 51 years ago when it was in its infancy. It has turned into a
monster.
Cash strapped states are delaying sending out millions of dollars in tax refunds
due to plummeting tax revenue. In addition states in order to save money have cut
personnel and some have been cut in the tax department.
California which has a deficit of more than $24.3 billion is issuing $3 billion in
promissory notes that are not worth the paper they are written on.
Government, Wall Street and corporate America tell us an economic recovery
is on the way. If that is so, why are corporate insiders dumping the shares of the
companies they run? It is because they believe corporate earnings are going to be
dreadful. Those earnings reports start being released in two weeks.
The economy should be slightly strong this year and slightly stronger than that
in 2010. The big problem will be a falling dollar and the threat of debt default. If you
listen to Wall Street, government, corporate America and our media, you will be left in
the dust.
Even another $2 trillion stimulus package won’t work. All it will do is keep
growth neutral for a year buying more time, as monetary inflation rages.
September and October is when the crisis should hit. This will not be a major
crisis, but a crisis never the less. This will be but a trial run. After two years nothing has
been fixed. All that was accomplished was a taxpayer bailout of banks, Wall Street,
insurance companies and GM and Chrysler.
The average recession since 1900 lasted just over 14 months. We were in
recession for two years as of February and in depression for four months.
Along with a fall in the dollar we could very well see debt defaults. In addition,
we have unemployment at 20.5% and we will see lots more bankruptcies.
Referring back to the Bilderberg meeting in Greece several weeks ago their
most important concern was loss of control and that they should attempt to close out
the depression as soon as possible, and abandon any reforms or attempts to institute
a world government and currency. There is no question their monetary system is
disintegrating, business domestically and internationally continues to look dreadful,
and companies continue to layoff employees worldwide. All over the world banks and
companies will be failing with the US and UK leading the pack. This, again, is why you
do not own CDs, and only keep operating expenses for 3 to 6 months at a bank. Have
$5,000 in small bills at home and all other assets in gold and silver coins and shares.
The stock and bond markets will eventually collapse, so be out of bond, stocks, except
for gold and silver shares, and out of cash value insurance policies and annuities.
Politicians, professional investors, public investors and the public are going to
be shocked at what is going to happen and they are ill-prepared to defend themselves
and their wealth. The entire world will be on stimulus packages. As banks and Wall
8
Street become more insolvent political leaders will see stage 2 of the depression
appear as the Fed and Treasury flood the world with money.
We mentioned several weeks ago that Supreme Court nominee Sonya
Sotomayor belonged to the Belizean Grove, the female equivalent of the male
Bohemian Grove. They hold their meetings in Belize. The Judge has since resigned.
We wonder if the ladies version practices what the men practice. Occult worship,
orgies and Satin worship?
There are just two factors holding up world stock markets, manipulation and
massive amounts of money being poured into the system by governments and central
banks. Everyone is standing by waiting to see what success the many stimulus
packages will bring, as stock markets worldwide go into a stall after having risen 40 to
50 percent.
A few weeks ago EU central banks injected $5.2 trillion into their banking
system, while the US committed for $14.8 trillion. The US Treasury will have to raise
over $3 trillion in debt this year of which $1 trillion will be monetized.
Fed credit has expanded $1.178 trillion yoy, or 134%. It now totals $2.055
trillion. Treasury debt obligations are $2.177 trillion, up 16.6% yoy, and you haven’t
seen anything yet. Your great, great, great grandchildren will pay back this debt, so we
can bail out insolvent banks, Wall Street, insurance companies and manufacturing
companies. People who do these sort of things are unhinged.
The Fed has been saving financial institutions for two years now. They have
been totally unsuccessful. In just the first quarter household wealth fell $1.3 trillion that
is versus a $4.9 trillion loss in the last quarter of 2008, or a $6.2 trillion loss in six
months.
Bank lending to borrowers is $9.722 trillion, up $317 billion yoy. For the first six
months of 2008, bank credit has fallen almost $200 billion. The economy cannot gain
momentum unless banks increase lending, because 92% of the direct stimulus has
been used to pay down debt.
American industrial capacity shows 35% of equipment idle and world trade has
fallen 50% over the last two years. Foreigners, such as China and India, already have
decimated our economy with slave-produced goods. Tariffs have to be put in place or
we will have no jobs left.
Trade war is already underway and we cannot compete unless we drop wages
from $16.00 an hour to $3.00 an hour. Now you can see how transnational
conglomerates, such as Wal Mart, IBM and others are ripping us off. Look at the
profits, which are shipped to the Cayman Islands where they pay 2% in taxes. The last
time, four years ago, that they brought $350 billion back, they didn’t pay 35% taxes,
they paid 5-1/4%. Thanks to our purchased Congress and a promise to create jobs.
They never created any – another handout to the elitists. Mark our words global trade
will come to a halt over the next three years and it is about time.
It is only a matter of time until calamity hits world markets. The first target is a
fall in the value of the dollar, then the failure of a major bank somewhere around the
world. Probably in the US, UK or Europe just like Creditanstalt in the late 1920s. Like
in the US and Europe in the 1930s loans are going to be recalled, and that is already
underway. The FDIC cannot help – they have $13 billion although they have asked
Congress for $500 billion more. We have told you over and over again, no bank CDs
and only keep 3 to 6 month’s funds for operation in a bank or credit union. Have at
least $5,000 in small bills in your safe at home along with your gold and silver coins
and weapons. Do not forget a water filter and freeze dried and dehydrated food for six
months. The stock market is going to tank further and zero interest rates won’t last
forever. As rates rise, bonds fall.
9
The freefall on the market should begin again before the end of October and a
revisit to 6,600 is what we see. When it visited there on March 9th, it had fallen 53.5%
from its all time high. A break to that level or lower levels would put every bank,
brokerage house, insurance company and pension plan in acute jeopardy. The current
bear market rally is somewhat like the market rally in 1931. This rally has been topping
out for two months and it is only a matter of when it will fall. We are seeing massive
insider selling just as we did when the Dow hit 14,164. These corporate CEO’s tell us
everything will be just fine as they flee the market. The bank and brokerage indexes
are starting to head down again, off some 20%. They were among the leaders on the
way up.
Essentially what the Fed has done with zero interest rates is create another
bubble and that will end badly, not only in the US but in many other countries as well.
This means hyperinflation is on the way and as we have said before there will be no
attempt to reverse course and impose tightened liquidity conditions. This bubble will be
much bigger and even more devastating then the mortgage finance bubble. The
mortgage bubble lasted five years, but because of government dependency on the
Fed and foreign lenders this could happen more quickly – say in two to three years.
The Fed is controlling the financial system and they caused this disaster. The
only solution is passage of HR 1207 and S 604 - The Federal Reserve Transparency
Act of 2009. Then pass legislation to end the Fed. Then we can get this mess sorted
out once and for all.
The morons in Sweden have cut interest rates to a minus .25%. Pretty soon
they will throw money out of helicopters.
This is another step toward trade wars.
Mortgage lenders don’t try to rework most home loans held by borrowers facing
foreclosure because it would probably mean losing money, a study released yesterday
by the Federal Reserve Bank of Boston concludes.
The Boston Fed’s findings suggest the Obama administration’s major effort to
solve the foreclosure crisis by giving the lending industry $75 billion to rewrite
delinquent loans to more affordable levels is not likely to work.
One of the study’s coauthors, Boston Fed senior economist Paul S. Willen, said
the government would be better off giving the money directly to struggling borrowers to
help them with their payments, rather than to lenders that are averse to working out
the troubled loans.
The U.S. Federal Reserve, facing growing pressure as it tries to heal the ailing
economy, dodged a bullet on Monday when the U.S. Senate cast aside a new effort to
increase scrutiny of the central bank.
On procedural grounds, the Senate blocked a bid to permit the U.S. comptroller
general, who heads the investigative arm of Congress known as the Government
Accountability Office, to audit the Federal Reserve system and issue a report.
Republican Senator Jim DeMint, who has been pushing for greater
transparency at the Fed, failed to get the provision attached to the must-pass annual
spending bill that includes funding for the GAO for the upcoming 2010 fiscal year.
The audit would have included details about the Fed's discount window
operations, funding facilities, open market operations and agreements with foreign
central banks and governments, DeMint said on the Senate floor.
"The Federal Reserve will create and disburse trillions of dollars in response to
our current financial crisis," DeMint said. "Americans across the nation, regardless of
their opinion on the bailout, want to know where the money has gone.
"Allowing the Fed to operate our nation's monetary system in almost complete
secrecy leads to abuse, inflation and a lower quality of life," he said.
10
Democrats who control the Senate blocked the South Carolina Republican's
amendment on the grounds that it violated rules prohibiting legislation attached to
spending bills.
Fed officials were not immediately available to comment.
The move comes as some lawmakers have increasingly become wary of the
Fed's actions, particularly for its handling of the real estate market and the meltdown of
major financial institutions like investment bank Bear Stearns and insurance giant
American International Group.
A non-binding provision in the fiscal 2010 budget blueprint Congress approved
in April called on the Fed to provide more information about collateral posted against
Bear Stearns and AIG loans.
That measure also sought a study evaluating the appropriate number and costs
of the regional Fed banks.
The U.S. central bank has a seven-member board in Washington whose
members are nominated by the president and confirmed by the Senate. It also has 12
regional banks whose presidents are appointed by banks and other businesses in their
local districts, with the consent of the Washington board.
The vacancy rate rose to 10.2 percent in the second quarter from 8.5 percent in
the first quarter in the District, to 13.9 percent from 12.9 percent in Northern Virginia;
and to 13.9 percent from 13.1 percent in suburban Maryland.
In June, AT&T was singled out for avoiding state income taxes on millions of
dollars of earnings by sending the money out of Connecticut to a subsidiary in another
state.
But it's not the only business doing that.
As state legislators grapple with a two-year budget deficit estimated at just
under $9 billion, multi-state corporations are using loopholes in Connecticut's tax law
to legally divert tens of millions of untaxed dollars out of Connecticut as "intercompany
royalties," tax experts say.
It's a practice in which a company essentially pays itself untaxed money for use
of its own logo on buildings, stationery and so forth. Because corporate tax information
is confidential, it's unclear how many other companies are avoiding taxes that way.
"These companies pay less in taxes than the people who sweep their floors at
night and type their letters," said Richard Pomp, a University of Connecticut law
professor and expert on business taxes. "It's a scandal. My guess is every one of the
big corporations is doing it in Connecticut."
AT&T's use of the practice came to light because the state Department of
Public Utility Control audits the financial statements of a company subsidiary, AT&T
Connecticut. According to DPUC documents, between June 2002 and December
2004, AT&T Connecticut sent $145 million in royalties to a company AT&T owns in
Nevada, where the money was not subject to corporate taxes.
Connecticut Attorney General Richard Blumenthal announced in June that he
has begun investigating AT&T's use of the practice.
Tax-reform advocates say the tactic shortchanges Connecticut out of millions
of dollars in tax revenue every year. Corporations call it smart business.
"There's nothing wrong with good tax planning," said corporate tax attorney
Morris W. Banks, of Pullman & Comley in Hartford, of the practice.
The issue has drawn extra attention recently as revenue-starved states and
corporations joust during the recession.
Who wins the battle between Connecticut and AT&T is still to be determined.
But the U.S. Supreme Court's recent refusal to hear a similar case from
Massachusetts could indicate Connecticut may have the upper hand.
11
Money goes elsewhere
Blumenthal charged in June that while AT&T was "pleading poverty" and
cutting jobs in Connecticut, it was busily avoiding state taxes by sending money to
Nevada.
All corporations that "carry on business" in Connecticut are subject to the
state's 7.5 percent corporate tax, although what constitutes "doing business" is
routinely debated in court. Some corporations have claimed that they should not have
to pay state taxes unless they have a "physical presence in the state."
According to AT&T financial statements, a corporate subsidiary, AT&T
Connecticut, has for years been paying Reno, Nev.-based Knowledge Ventures, also
owned by AT&T, for the use of AT&T trademarks, such as the company's blue-and-
white globe logo that's printed on customer bills. In 2008, the company paid
Knowledge Ventures $46.7 million in "intercompany royalties."
AT&T has said the payments are a common and acceptable practice, and they
do not come from rates paid by customers.
"Substantially all of AT&T's domestic subsidiaries that earn revenue from
external customers pay royalties to our intellectual property subsidiary," wrote
company spokesman Chuck Coursey in an e-mail. "The royalty payments cover the
use of all of AT&T's intellectual property (for example, trademarks, trade names,
patents)."
Coursey said the Nevada holding company manages all of the company's
royalties, including those paid by third-party companies unrelated to AT&T.
Blumenthal, however, has criticized AT&T for the practice, saying it
"questionably siphoned" the money away from Connecticut's taxpayers and
consumers. His office learned about the royalties from a routine audit of the company's
financial statements conducted for the state DPUC. The chairman of the DPUC wrote
a letter to the state tax commissioner in May, alerting her to the untaxed payments.
"These matters are obviously outside of the department's jurisdiction or
expertise," wrote DPUC Chairman Donald W. Downes in the letter.
"However, the department believes that your agency should be apprised of the
royalty payment arrangement so that you might investigate to ensure that equity
prevails among Connecticut taxpayers."
Mr. Williams on the goofy B/D Model: The system was not designed to
accommodate recessions, but the benchmark revisions tended to show a pattern of
fairly consistent overstatement with the annual revisions, regardless of the business
cycle. During the reporting cycle covering the 1990 to 1991 recession, a particularly
large downward benchmark revision in previously reported payrolls levels was blamed
partially on the BLS assuming that companies that had stopped reporting during the
recession still were in business, with proportionate payroll employment attributed to
them by the BLS. The problem was that much of the non-reporting reflected
companies going out of business. The bulk of that modeling was based on periods of
economic growth. [John believes that the Birth/Death Model has overstated
employment by 2.5 million jobs per year.]
The unadjusted annual decline in June payrolls was the deepest since a similar
decline at the trough of the 1958 recession, but still shy of the 4.9% trough seen in the
1949 downturn. When the 1949 annual low growth is broken, possibly next month, the
annual percentage contraction in payrolls will be the most severe since the production
shutdown following World War II.
The unemployment timebomb is quietly ticking Beyond riots in Athens
and a Baltic bust-up, we have not seen evidence of bitter political protest as the slump
eats away at the
12
legitimacy of governing elites in North America, Europe, and Japan. It may just be a
matter of time…
The Centre for Labour Market Studies (CLMS) in Boston says US
unemployment is now 18.2pc, counting the old-fashioned way. The reason why this
does not "feel" like the 1930s is that we tend to compress the chronology of the
Depression. It takes time for people to deplete their savings and sink into destitution.
Did someone try to steal Goldman Sachs’ secret sauce?
While most in the US were celebrating the 4th of July, a Russian immigrant living in
New Jersey was being held on federal charges of stealing top-secret computer trading
codes from a major New York-based financial institution—that sources say is none
other than Goldman Sachs…
The platform is one of the things that apparently gives Goldman a leg-up over
the competition when it comes to rapid-fire trading of stocks and commodities. Federal
authorities say the platform quickly processes rapid developments in the markets and
uses top secret mathematical formulas to allow the firm to make highly-profitable
automated trades.
The criminal case has the potential to shed a light on the inner workings of an
important profit center for Goldman and other Wall Street firms…
The case against Aleynikov may explain why the New York Stock Exchange
moved quickly last week to stop reporting program stock trading for its most active
firms.
A Themis Trading LLC White Paper
We believe, however, that there are more fundamental reasons behind the
explosion in trading volume and the speed at which stock prices and indexes are
changing. It has to do with the way electronic trading, the new for-profit exchanges
and ECNs, the NYSE Hybrid and the SEC’s Regulation NMS have all come together in
unexpected ways, starting, coincidently, in late summer of 2007.
This has resulted in the proliferation of a new generation of very profitable, high-
speed, computerized trading firms and methods that are causing retail and institutional
investors to chase artificial prices.
These high frequency traders make tiny amounts of money per share, on a
huge volume of small trades, taking advantage of the fact that all listed stocks are now
available for electronic trading, thanks to Reg NMS and the NYSE Hybrid. Now that it
has become so profitable, according to Traders Magazine, more such firms are
starting up, funded by hedge funds and private equity (only $10 million to $100 million
is needed), and the exchanges and ECNs are courting their business.
This paper will explain how these traders – namely liquidity rebate traders,
predatory algorithmic traders, automated market makers, and program traders – are
exploiting the newmarket dynamics and negatively affecting real investors.
In this case, our institutional investor is willing to buy shares in a price range of
$20.00 to $20.05. The algo gets hit, and buys 100 shares at $20.00. Next, it shows it
wants to buy 500 shares. It gets hit on that, and buys 500 more shares. Based on that
information, a rebate trading computer program can spot the institution as having an
algo order. Then, the rebate trading computer goes ahead of the algo by a penny,
placing a bid to buy 100 shares at $20.01. Whoever had been selling to the
institutional investor at $20.00 is likely to sell to the rebate trading computer at $20.01.
That happens, and the rebate trading computer is now long 100 shares at $20.01 and
has collected a rebate of ¼ penny a share. Then, the computer immediately turns
around and offers to sell its 100 shares at $20.01. Chances are that the institutional
algo will take them.
The rebate trading computer makes no money on the shares, but collects
13
another ¼ penny for making the second offer. Net, net, the rebate trading computer
makes a ½ penny per share, and has caused the institutional investor to pay a penny
higher per share.
Last week, the stock market tumbled on news that housing foreclosures and
delinquencies rose again in the first quarter. The Office of the Comptroller of the
Currency said that among the 34 million loans it tracks, foreclosures in progress rose
22 percent, to 844,389. That figure was 73 percent higher than in the same period last
year.
Foreclosures, meanwhile, keep rising. In June, 281,560 were in process, slightly
above the 277,847 in May. Last January, there were about 242,000 foreclosures in the
pipeline among the Wells Fargo trusts. “I was hoping we would see some impact in
June of the government’s program,” Mr. White said. “Is ‘Home Affordable’ working? My
short answer is no.”
Though few people have heard of it, hot money — or brokered deposits, as it is
also known in the industry — is one of the primary factors in the accelerating wave of
failures among small and regional banks nationwide. The estimated cost to the Federal
Deposit Insurance Corporation over the last 18 months is $7.7 billion, and growing.
The 79 banks that have failed in the United States over the last two years had an
average load of brokered deposits four times the national norm .
An investigator at the Securities and Exchange Commission warned superiors
as far back as 2004 about irregularities at Bernard L. Madoff's financial management
firm, but she was told to focus on an unrelated matter, according to agency documents
and sources familiar with the investigation.
Walker-Lightfoot's supervisors on the case were Mark Donohue, then a branch
chief in her department, and his boss, Eric Swanson, an assistant director of the
department, said two people familiar with the investigation. Swanson later married
Madoff's niece, and their relationship is now under review by the agency's inspector
general, who is examining the SEC's handling of the Madoff case.
New Evidence on the Foreclosure Crisis; Zero money down, not subprime
loans, led to the mortgage meltdown
51% of all foreclosed homes had prime loans, not subprime, and that the
foreclosure rate for prime loans grew by 488% compared to a growth of 200% for
subprime foreclosures.
The analysis indicates that, by far, the most important factor related to
foreclosures is the extent to which the homeowner now has or ever had positive equity
in a home.
Homeowners across the country are challenging their property tax bills in droves
as the value of their homes drop, threatening local governments with another big drain
on their budgets.
The tax appeals and reassessments present a new budget nightmare for
governments. In a survey conducted by the National Association of Counties, 76
percent of large counties said that falling property tax revenue was significantly
affecting their budgets, said Jacqueline Byers, the association’s research director.
Officials in some states say their property tax revenue is falling for the first time
since World War II.
At a court appearance July 4 in Manhattan, Assistant U.S. Attorney Joseph
Facciponti told a federal judge that Aleynikov’s alleged theft poses a risk to U.S.
markets. Aleynikov transferred the code, which is worth millions of dollars, to a
computer server in Germany, and others may have had access to it, Facciponti said,
adding that New York-based Goldman Sachs may be harmed if the software is
disseminated.
14
“The bank has raised the possibility that there is a danger that somebody who
knew how to use this program could use it to manipulate markets in unfair ways,”
Facciponti said, according to a recording of the hearing made public today. [The
prosecutor apparently does not understand the implications of his statement but most
of The Street and much of the public do.]
Mortgage applications in the U.S. rose last week as refinancing jumped by the
most since March and purchases climbed to the highest level in three months.
The Mortgage Bankers Association’s index of applications to purchase a home
or refinance a loan increased 11 percent to 493.1 in the week ended July 3, from 444.8
in the prior week. The group’s refinancing gauge surged 15 percent, while the index of
purchases gained 6.7 percent.
Foreclosure-driven declines in prices have brought more homes within reach of
buyers who qualify for credit, helping to stabilize demand. At the same time,
unemployment is rising and borrowing costs are edging back up, indicating any
rebound for the housing industry will be slow to take hold.
“Prices are coming off toward more affordable levels,” said David Semmens, an
economist at Standard Chartered Bank in New York. While sales are “showing some
stability,” he said, “we don’t expect the housing market to suddenly turn around.”
Today’s report showed the mortgage bankers’ refinancing gauge increased to
1,707.7 from the previous week’s 1,482.2, which was the lowest reading since
November 2008. The purchase index rose to 285.6 from 267.7.
In a sign the housing slump may be bottoming out, a July 1 report from the
National Association of Realtors showed the number of Americans signing contracts to
buy previously owned homes rose in May for a fourth consecutive month.
The share of applicants seeking to refinance loans climbed to 48.4 percent of
total applications last week, today’s report showed, from 46.4 percent.
National chain store sales fell 4.3% in the first five weeks of June versus the
previous month, according to Redbook Research's latest indicator of national retail
sales released Tuesday.
The latest numbers are starkly different from recent weeks because they don't
include Wal-Mart Stores Inc. (WMT), which said last month it would no longer provide
monthly sales figures.
The fall in the index was compared to a targeted 4.1% drop.
The Johnson Redbook Index also showed seasonally adjusted sales in the period
were down 4.4% compared with June 2008, compared to a targeted 4.2% fall.
Redbook said that on an unadjusted basis, sales in the week ended Saturday
were down 4.2% from the same week in 2008 after a 4.3% decline the prior week.
Soaring U.S. unemployment and a shrinking economy drove delinquencies on
credit card debt and home equity loans to all-time highs in the first quarter as a record
number of cash-strapped consumers fell behind on their bills.
Delinquencies on the value of all card debt soared to a record 6.60 percent
from 5.52 percent in the fourth quarter as more cardholders relied on plastic to meet
day-to-day expenses, the American Bankers Association said.
Late payments on home equity loans rose to 3.52 percent from 3.03 percent,
and on home equity lines of credit climbed to 1.89 percent from 1.46 percent.
A broader gauge showing late payments on eight categories of loans rose for a
fourth straight quarter to a new record, edging up to 3.23 percent from 3.22 percent.
That rate actually understates consumer pain because it excludes credit cards. The
ABA tracks loan payments that are at least 30 days late.
15
The International Council of Shopping Centers and Goldman Sachs Retail
Chain Store Sales Index edged up 0.1% in the week ended Saturday from its level a
week before on a seasonally adjusted, comparable-store basis.
On a year-on-year basis, retailers saw sales rise 0.5% in the latest week.
Despite massive government efforts to bolster the credit market, banks are
pulling back severely on card lending.
In the first four months of the year — the latest data — banks issued 9.8 million
new credit cards, a 38% drop from the same time last year, according to Equifax credit
bureau data. Low-risk borrowers can still get credit, but they're getting less than
before. The average limit on a new card, after rising during the recession, slipped 3%
so far this year to $4,594.
Home prices may fall in more than half of the largest U.S. cities through the first
quarter of 2011 as unemployment and foreclosures rise, mortgage insurer PMI Group
Inc. said.
Thirty of the 50 biggest metropolitan areas have at least a 75 percent chance of
lower prices through March 31, 2011, Walnut Creek, California-based PMI said in a
report today. The decline is likely to spread to “all regions of the nation” from
California, Florida, Nevada and Arizona, the states most affected by the housing
slump, PMI said. “The housing market has been hit by a demand shock of high
unemployment and a supply shock of distressed foreclosure sales,” LaVaughn Henry,
senior economist at PMI, the fourth- largest U.S. mortgage insurer, said in an
interview.
The United States should be planning for a possible second round of fiscal
stimulus to further prop up the economy after the $787 billion rescue package
launched in February, an adviser to President Barack Obama said.
"We should be planning on a contingency basis for a second round of
stimulus," Laura D'Andrea Tyson, a member of the panel advising President Barack
Obama on tackling the economic crisis. said on Tuesday.
Yesterday the Fed bought, which is a euphemism for monetized, $7B of
Treasuries maturing between January 2014 and March 2016 even though the US
Treasury will hold a one-week record of four auctions this week to issue $73B of US
debt. $8B of 10-year inflation-linked notes was sold yesterday. The remaining
tranches: $35B of 3s today, $19B of 10s on Wednesday and $11B of 3s on Thursday.
Investment banks, including Goldman Sachs and Barclays Capital, are inventing
schemes to reduce the capital cost of risky assets on banks’ balance sheets, in the
latest sign that financial market innovation is far from dead.
The schemes, which Goldman insiders refer to as “insurance” and BarCap calls
“smart securitisation”, use different mechanisms to achieve the same goal: cutting
capital costs by up to half in some cases, at the same time as regulators are
threatening to force banks to increase their capital requirements.
Robert Hormats, Vice Chairman of Goldman Sachs, is to be installed as Under
Secretary of Economics, Business, and Agricultural Affairs. This comes as one more,
probably unnecessary reminder of the total control exercised by Wall Street over the
Obama administration’s economic and financial policy…he will find plenty of old friends
used to making decisions, almost all of them uniformly disastrous for the U.S. and
global economy…
Hormats’ agricultural responsibilities will of necessity bring him into frequent
contact with the Chairman of the Commodity Futures Trading Commission, Gary
Gensler – a former Goldman partner.
As Assistant Secretary of Treasury in the Clinton Adminsitration Gensler played
a key role in greasing the skids for the notorious Commodity Futures Modernization
16
Act of 2000, which set the stage for the great credit default swaps scam that
underpinned the recent bubble and subsequent collapse. News of the appointment did
generate threats of obstruction in the Senate – any one of the senators could have
blocked the appointment had they really wished to do so – but such threats proved
predictably hollow. Had they been otherwise, Treasury Chief of Staff Mark Patterson
could of course have lent the expertise he gained as Goldman’s lobbyist to overcome
the obstacle.
Such connection to the key enablers of our bankrupt casino helps explain many
of the other hires listed above.
Some plans want to hide the truth from taxpayers
Public employee pension plans are plagued by overgenerous benefits,
chronicunderfunding, and now trillion dollar stock-market losses. Based on their
preferred accounting methods -- which discount future liabilities based on high but
uncertain returns projected for investments -- these plans are underfunded nationally
by around $310 billion.
The numbers are worse using market valuation methods (the methods private-
sector plans must use), which discount benefit liabilities at lower interest rates to
reflect the chance that the expected returns won't be realized. Using that method,
University of Chicago economists Robert Novy-Marx and Joshua Rauh calculate that,
even prior to the market collapse, public pensions were actually short by nearly $2
trillion. That's nearly $87,000 per plan participant. With employee benefits guaranteed
by law and sometimes even by state constitutions, it's likely these gargantuan
shortfalls will have to be borne by unsuspecting taxpayers…
For these reasons, the Public Interest Committee of the American Academy of
Actuaries recently stated, "it is in the public interest for retirement plans to disclose
consistent measures of the economic value of plan assets and liabilities in order to
provide the benefits promised by plan sponsors."
Nevertheless, the National Association of State Retirement Administrators, an
umbrella group representing government employee pension funds, effectively wants
other public plans to take the same low road that the two Montana plans want to take.
It argues against reporting the market valuation of pension shortfalls. But the
association's objections seem less against market valuation itself than against the fact
that higher reported underfunding "could encourage public sector plan sponsors to
abandon their traditional pension plans in lieu of defined contribution plans."
Big Banks Don't Want California's IOUs A group of the biggest U.S. banks said
they would stop accepting California's IOUs on Friday, adding pressure on the state to
close its $26.3 billion annual budget gap…The group of banks included Bank of
America Corp., Citigroup Inc., Wells Fargo & Co. and J.P. Morgan Chase & Co.,
among others.
June saw officially 473,000 jobs lost in the non-farm sector. If you add in the
bogus “birth/death” ratio of 185,000 jobs, 20,000 more than last June, you have a real
number of 658,000 jobs lost. Now you can understand why U6 is not 16.5% and in
reality is 20.5% unemployment.
The workweek was at a record low of 33 hours. Can you imagine how many
people are working part-time? John Williams who is better at this than I am has it at
20.6%.
*****
http://mgray12.wordpress.com/2009/07/01/how-many-jfk-shooters/
Goldman Sachs spokesman "confirms" second JFK shooter?
17
Michael Gray
Deputy Sunday Business Editor
New York Post
212.930.8592
mgray@nypost.com
*****
http://mgray12.wordpress.com/2009/07/08/goldmans-gothcha/
Goldman's stolen code allowed trading in dark pools, manipulate markets.
Michael Gray
Deputy Sunday Business Editor
New York Post
212.930.8592
mgray@nypost.com
*****
Zero Hedge Is a Case of Quant Trading Sabotage about to Destroy Goldman

Sachs?
http://zerohedge.blogspot.com/2009/07/is-case-of-quant-trading-industrial.html
*****
Is Uncle Sam Manipulating the Equity Markets?

Part III
Posted by Larry Doyle
http://www.senseoncents.com/2009/07/is-uncle-sam-manipulating-the-equity-
marketspart-iii/
*****
Kurt Nimmo on Alex Jones Tv: California Checkpoints & Domestic Terrorism
http://revolutionarypolitics.com/?p=1508
*****
Was Goldman’s trading software stolen?

http://blogs.reuters.com/great-debate/2009/07/05/a-goldman-trading-scandal/
*****
BOMBSHELL-Supreme Court now has Obama citizenship

http://www.campaignforliberty.com/blog.php?view=21201
*****
Bioweapons, Dangerous Vaccines, and Threats of a Global Pandemic
by Stephen Lendman
http://sjlendman.blogspot.com/
18
*****
Trading of California IOUs catches regulators' eyes
By W.J. Hennigan
http://www.latimes.com/business/la-fi-california-ious7-2009jul07,0,3106808.story
*****
U.S.: Letting Israel act freely on Iran isn't policy change
http://haaretz.com/hasen/spages/1097911.html
Joe Biden tells ShalomTV ‘I am a Zionist

http://www.jewishjournal.com/elections/article/video_joe_biden_tells_shalomtv_i
_am_a_zionist_20080823/
*****
Recession's Toll: Most Recent College Grads Working Low-Skill Jobs
http://www.truthout.org/070309LA?n
Taming The Beast: *****
http://www.cibmagazine.com.cn/Columnists/Andy_Xie.asp?id=992&taming_the_beast.
html
*****
BN: U.S. Office Vacancies Near 4-Year High on Job Losses, Reis Says
http://www.bloomberg.com/apps/news?pid=20601087&sid=aP7Rhur2u4Z0
LA Times: L.A. County's May default rate double last year

http://latimesblogs.latimes.com/laland/2009/07/la-county-may-default-rate-double-last-
year.html
BN: Japan Machine Orders Unexpectedly Fall a Third Month Bookings, an

indicator of capital investment in the next three to six months, declined 3 percent from
April, when they plunged 5.4 percent, the Cabinet Office said today in Tokyo. The
median estimate of 25 economists surveyed by Bloomberg was for a 2 percent
increase.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aw0dqAmNRukc
*****
ATTORNEY GENERAL TO CLASSIFY PRO-LIFE, PRO-GUN AMERICANS AS
TERRORISTS
By NWV News writer Jim Kouri
http://www.newswithviews.com/NWV-News/news152.htm
*****
General of all American Intelligence: 911 was a fraud!
19
http://www.youtube.com/watch?v=daNr_TrBw6E
*****
Goldman May Lose Millions From Ex-Worker’s Code Theft
http://www.bloomberg.com/apps/news?pid=20601087&sid=axYw_ykTBokE
*****
Senate Blocks Bill To Audit The Fed As Government Prepares For Second
Round Of Looting
http://www.infowars.com/senate-blocks-bill-to-audit-the-fed-as-government-prepares-
for-second-round-of-looting/
*****
DeMint amendment to audit the Federal Reserve blocked by Senate Leadership -

Dprogram.net
http://www.youtube.com/watch?v=uutzOxY-wpg
*****
Financial Agency IGs Say Bill Threatens Independence [this is a further
consolidation of executive power bringing us closer to dictatorial government.
Bob]
http://www.washingtonpost.com/wp-
dyn/content/article/2009/07/05/AR2009070502519.html?wpisrc=newsletter
*****
Wall Street's Toxic Message

Wednesday 01 July 2009
http://www.truthout.org/070609O?n
*****
Obama's Cap and Trade Carbon Emissions Bill - A Stealth Scheme to License
Pollution and Fraud
by Stephen Lendman
http://sjlendman.blogspot.com/
*****
Bill Gives Attorney General Power To Designate Gun Owners, Tax Protesters As
Terrorists
http://www.infowars.com/bill-gives-attorney-general-power-to-designate-gun-owners-
tax-protesters-as-terrorists/
20
*****
401(k) as Dangerous as the Dollar
http://whiskeyandgunpowder.com/401k-as-dangerous-as-the-dollar/
*****
Adding Up the True Costs of Two Wars
http://www.truthout.org/070709T?n
*****
Local company develops medical breakthrough
http://www.9news.com/life/programming/shows/evenings/article.aspx?storyid=1
08571&catid=510
*****
Federal Web sites knocked out by cyber attack
http://www.google.com/hostednews/ap/article/ALeqM5icTKBW9_fm-
oKDzns75BI-ykokSwD999UN580
*****
From a Fellow Subscriber:
Hi Bob, I hope you\'re feeling better, just to let you know I invested in 4 of the miners
you recommended in the forecaster on Saturday, let\'s hope they will make us a
fortune! Just an fyi, in the forecaster you had a clip about Larry Levin on CNBC, as it
turns out, CNBC pulled out the video so the link you provided will not work (who
would've thought CNBC staff get the forecaster!); however here it is on youtube:
http://www.youtube.com/watch?v=tFWIe7qqaZU looking forward to the next issue,
God bless [as you can see, anything that borders on the truth is purged by the
controlled media. They cannot hide what they are doing forever. Bob]
*****
US Reported In “Panic” After Chemtrail Planes Forced Down In India, Nigeria
http://www.fourwinds10.com/siterun_data/environment/humans/chemtrails/news
.php?q=1246309936
*****

Hey Bob,
Matt Taibbi was interviewed on the Canadian business channel - BNN.
21
http://watch.bnn.ca/the-close/july-2009/the-close-july-2-2009/#clip189690
I would never expect to him being interviewed in the US like this....
Cheers,
*****
Missouri National Guard Train to Kill “Militia Insurgents” in Exercise
http://www.infowars.com/missouri-national-guard-train-to-kill-militia-insurgents-in-
exercise/
*****
Wall Street gears up to trade California IOUs
http://www.ft.com/cms/s/0/01d98e08-69a9-11de-bc9f-
00144feabdc0.html?ftcamp=rss&nclick_check=1
*****
Inflationary Crack-up boom has Commenced in the G7 Econonomies!
http://www.24hgold.com/english/news-gold-silver-inflationary-crack-up-boom-
has-commenced-in-the-g7-economies-
.aspx?article=2168942496G10020&redirect=false&contributor=Ty+Andros
*****
Goldman Trading-Code Investment Put at Risk by Theft
http://www.bloomberg.com/apps/news?pid=20601087&sid=a_6d.tyNe1KQ
*****
"The Age Of Despotism"

by Chuck Baldwin
July 7, 2009
http://www.chuckbaldwinlive.com/c2009/cbarchive_20090707.html
Big Banks Don't Want California's IOUs

Published on 07-07-2009
http://blacklistednews.com/?news_id=4763
*****
22
HI Bob:
Couple of weeks ago I got a postal money order for 92 dollars. I stopped by the
post office to cash it, as it is right next to the Mall in my neighborhood. This was about
9 am, the postal clerk who helped looked at my money order and said, I'll be right
back. A few minutes later she came back and asked if I would come back in a few
hours possibly after lunch to try and cash the money order. I asked why and she said
they did not have the cash to cash it, $92 Dollars!!! So I left, I came back at 2pm and I
was told the very same thing again only this time they asked me to come back the
next day!!! This is crazy, I live in a very affluent part of Honolulu called Kahala and this
post office did not have 92 dollars for more than a day????? If this is not scary I
don't know what is.
*****
Hi Bob, last evening I was channel surfing and came upon CNBC Jim Cramer. I
listened to what he was telling his audience what he thought was a great thing for the
future. He recommended the gov’t create a program that would allow all IRA's, college
funds, etc. to be invested in a 30-year treasury at a fixed 5%. Another talking head for
CNBC/Fed. Why would anyone lend the US gov’t money for 30 years?
*****
Friends,
I am collecting some data and would appreciate your help getting respondents to a poll
I am listing at the top of my blog for the rest of the month. If you would, please
circulate the paragraphs below as you see fit, perhaps by forwarding this note, adding
to your blog, or including with your comments at other news sites or blog posts.
FYI—the Poll:
Certain elites in government, media, and finance are working together:

- Not at all
- By default not by design (i.e., ONLY via shared values)
- By a plan to achieve shared goals ONLY within the U.S.
- By a plan to move the U.S. into a system of world government
- Other:
Thanks!
Mark
----
The blog A Deo Lumen is collecting data on the idea of elites in government, business,
and media working together, purposely avoiding visibility before the American people.
This is a complex and difficult subject. The goal is to objectively survey a wide range
of people on what they think about news stories like the recent revelations about the
Washington Post lobbyist-funded off-record dinners between business, media, and
government leaders.
23
There are millions of hits on various websites, YouTube videos, and blogs that place
issues like these in a conspiracy narrative. Yet, this is not a narrative accepted in the
mainstream. The fact that so many people visit these sites makes this narrative and
its influence worthy of objective analysis. So, I invite you to respond to the poll at the
link below, so we can learn what as many people as possible believe about elites
working together. Feel free forward this to others. Results will be published in early
August.
http://adeolumen.com/ <http://adeolumen.com/2009/07/06/july-4th-poll-collecting-data-
for-the-month-of-july/>
*****

I thought this article was interesting coming from Rolling Stones Magazine. It seems to
essentially confirm about everything you have been saying about Goldman Sachs. It
also goes on to talk about the next bubble that Goldman hopes to get in on, the carbon
credits aka climate change. It's a long article with videos, but here is a small excerpt:
Regards,
The Great American Bubble Machine - Matt Taibbi on how Goldman Sachs has
engineered every major market manipulation since the Great Depression
MATT TAIBBI
Posted Jul 02, 2009 8:38 AM
They achieve this using the same playbook over and over again. The formula is
relatively simple: Goldman positions itself in the middle of a speculative bubble, selling
investments they know are crap. Then they hoover up vast sums from the middle and
lower floors of society with the aid of a crippled and corrupt state that allows it to
rewrite the rules in exchange for the relative pennies the bank throws at political
patronage. Finally, when it all goes bust, leaving millions of ordinary citizens broke and
starving, they begin the entire process over again, riding in to rescue us all by lending
us back our own money at interest, selling themselves as men above greed, just a
bunch of really smart guys keeping the wheels greased. They've been pulling this
same stunt over and over since the 1920s — and now they're preparing to do it again,
creating what may be the biggest and most audacious bubble yet.
...the new game in town, the next bubble, is in carbon credits — a booming
trillion- dollar market that barely even exists yet, but will if the Democratic Party that it
gave $4,452,585 to in the last election manages to push into existence a
groundbreaking new commodities bubble, disguised as an "environmental plan," called
cap-and-trade. The new carbon-credit market is a virtual repeat of the commodities-
market casino that's been kind to Goldman, except it has one delicious new wrinkle: If
the plan goes forward as expected, the rise in prices will be government-mandated.
Goldman won't even have to rig the game. It will be rigged in advance.
http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_mac
hine/print
*****
24
Hi Bob—rumor has it that Kurt Sonnenfeld who was the top FEMA video grapher
covering-archiving —the 9-11 atrocity has gone rogue and has started whistle blowing
about 9-11—HAS 26 TAPES—and the Feds want him SOOOOOOOOO
BADDDDDDD—when his first wife Nancy Sonnenfeld committed suicide—the Feds
charged their FEMA man with her murder—and kept him incarcerated for months
knowing he would walk—Kurt Sonnenfeld then re-married and fled the USA to
Argentina—where the Feds are doing a full court press to have Sonnenfeld extradited
back to the USA—so far the Judges in Argentina have all seen it to be a scam and
have refused all US extradition applications—what is driving the 9-11 perps insane is
that Sonnenfeld has released his— 9-11— book El Perseguido (The Persecuted) on
May 8, 2009, at the 35th Annual Buenos Aires Book Fair in Argentina—that details his
re-conoitering and detailed videographing of the 9-11 implosion site—HAS 26
TAPES—Sonnenfeldt is whistle blowing that in the case of WTC 6—the government
super secure storage vaults in the basement were all looted prior to 9-11 and they
were busted open like cracked walnuts when he got there—”the vault was large
enough, 15 meters by 15 meters by my estimate”—and when he inspected the interior
for “CONTENTS”—there was Zilch-Bubkas—inside—nothing inside was damaged
because nothing was there—some “TOMB-RAIDERS” pun intended—must have
gotten there before the 9-11 job got done—but some or all of the above is not the only
thing that is putting DC and Wall Street into total meltdown----”Kurt Sonnenfeld: I am
convinced that my 26 tapes reveal many more anomalies than I am capable of
recognizing given my limited qualifications. I will therefore cooperate in any way that I
can with serious and reliable experts in a common endeavor to expose the truth.”—”As
official videographer for the U.S. government,
Kurt Sonnenfeld was detailed to Ground Zero on September 11, 2001, where he spent
one month filming 29 tapes”—Kurt Sonnenfeld still has these 26 tapes—which are
“NOT AVAILABLE” to the US government—HE IS A SUPER PATRIOT AND
REFUSES TO GIVE THEM THE TAPES—---Kurt Sonnenfeld also said some or all of
the following---” it was very odd to me when I learned that FEMA and several other
federal agencies had already moved into position at their command center at Pier 92
on September 10th, one day before the attacks!”—Kurt Sonnenfeld might also he a co-
religionist of the Wall Street Necromancers that did the 9-11 job—extensive—
“WHISTLE BLOWING” —interview link is below
http://www.voltairenet.org/article160636.html
Hi bob—here is Kurt Sonnenfeldt TV video interview in Spanish—maybe you can
translate it for the rest of the subscriber base—the link is below.
http://www.youtube.com/watch?v=E6KpjAgCYiE
*****

Bob,
I am sending the below inquiry to the chief of media relations at the NY Fed. Is there
anything I am missing?
Mr. Girardin:
I am looking for all information, which your private banking operations receives, in
regards to electronic fund transfers between Bernard Madoff and his securities firm to
off-shore banking operations.
25
In the course of daily operations the New York Federal Reserve Bank receives
information on all international electronic fund transfers under 12 CFR Part 205,
[Regulation E; Docket No. Rˆ0831] Electronic Fund Transfers.
I would appreciate a timely reply to this request.
Thank you for your time.

[“This is the key to who is involved in one of the biggest scams in history. We reported
$ 100 billion, the press reported $50 billion and now we find it is $141 billion and
climbing. The Fed had to be in on this, along with the SEC begin directed by the CIA.
This scam is similar to the BCCI scam and the Nguyen Hand scam. If all you
subscribers would send a similar kind of letter to the Fed you would be letting them
know that lots of people know what they have done.” Bob]
*****

Dear Bob:
When I first started reading your newsletter years ago, I frankly thought you were a
fringe kook, albeit very intelligent and insightful. After reading your letter of July 4th
2009, I think you are too conservative. The USD is clearly heading towards exchange
controls and bank holidays, and we will be LUCKY if the US Dollar Index does not
descend below 71.2. With the passage of Cap and Trade, and the so-called Hate Bill
(It really should be called the Creation of Thought Crimes Bill to Protect Zionists while
they rob you of all of your wealth Bill), and including the various Patriot Acts, the US is
now unquestionably a fascist dictatorship.
I have been buying Gold and selected mining shares, as recommended by you and
others enlightened financial commentators. I am wondering, what other foreign
currencies are you recommending besides Swiss Francs, and what banks, if any,
would be safe for holding funds. Do you like UBS or Credit Swisse? Would you use
them to store Gold Bullion? What about Hong Kong, Singapore or Chinese Banks? Are
there any safe Banks in the US or Canada? I believe a short summary of your views
would be extremely useful to your readers. Please advise :-)
PS Keep up the great work. I hope your voice will not be silenced by the Hated of
Freedom of Speech.
We are what we repeatedly do. Excellence, then, is not an act but a habit.
Aristotle.
All that we are is the result of what we have thought. If a man speaks or acts with an
evil thought, pain follows him. If a man speaks or acts with a pure thought, happiness
follows him, like a shadow that never leaves him.
The Buddha.
*****
26
It's been about two weeks since the streaks in the skies ended over Vegas and
Pahrump Valleys. The sky has returned to a beautiful blue color after over a year's
absence. The mountain crevices are once again clearly visible and beautiful, having
replaced the ever-present haze that obstructed their viewing during the prolonged
chemtrail activity. As yet, I have no idea if the chemtrails have ceased in other areas of
the U.S. and world. I'm sure most people still have no idea that aircraft were spraying
or dropping anything at all. I still wonder what exactly was dropped, why and what effect
is had and will have on us. I know how mice must feel after being given shots during
laboratory experiments for the "good of mankind". Could we now be the mice in the
experiments being conducted for their good?
Nostradamus, the Mayans and many others have said Dec 21, 2012 is when we will
know. I feel certain we will know much sooner than that why the chemtrails, why the
constant and growing "fear" being forced down our throats and why almost everyone
now feels that we are in the movie The Matrix. Knowledge is the answer most seek-
knowledge replaces fear and knowledge protects. The trick is to identify truth from spin,
propaganda and lies. As we expand our knowledge, it becomes much easier to identify
the "fog" that is meant to confuse and threaten us. The mainstream news becomes
more of a comedy to the knowledgeable, too ridiculous to possibly be taken serious.
Their purpose is fear, which leads to control, and ultimately victory. Let's all control our
emotions by engaging our brains, and then watch their comedy become their tragedy.
*****

[This is from a subscriber who owns a large company. His regular bank pulling his line
of credit in a very solvent enterprise prompted his letter. Bob]
I spoke to the president of 2 banks (working on moving our loans on our business to
another bank). Anyway, with the pres of the big bank, I was playing dumb asking him
what he thinks the fall/winter/spring will look like, told me that this fall will be much
worse and that it will get even worse in 2010. He said that he was getting calls weekly
for his bank to take over other banks in the greater Chicago area that were failing. He
said that they are compensating them well for doing this but that the takeovers are
slow. he said that there is a $17 billion dollar bank in Chicago that is insolvent and
they need someone to take it quickly, and they are not finding any takers, including
him. I said "why doesn’t the FDIC take it and break it up and cover the accounts?" His
answer "the FDIC is bankrupt, everyone in banking knows it!" He said that his board
at his bank has been in the bank business over 25 years each and they are all scared.
Only TARP recipient banks are being used by the feds to take over other banks. While
his bank didn’t need TARP, they were forced to take it! Now they are knee deep in the
whole thing and cant get out. Taking over the other failed banks was easy he said, but
they now answer to the feds. he believes that you will see a minimum of 500-800
banks go under in the next year easily. the other bank pres, who didn’t take tarp, says
that he is being hounded by the feds to take some tarp so they can participate in the
bank takeovers. he told them they didn’t need tarp, the reply came back "you might
not now, but you will wish you did this fall!" Bob, something big is getting ready to go
down. not sure what it is, but its being planned as we speak. the pres of the big bank
said that he believes 70-80 percent of the banks in the USA and world are insolvent. i
asked him if he heard about a possible bank holiday coming sometime this year, he
said he has heard rumors but that he believes they are floating and leaking ideas
27
intentionally to see what the public response will be. he said he would not at all be
surprised if there was Marshall law declared in 2010 due to complete financial
collapse. he said he doesn’t think that the fed even knows how bad things are, they
will just keep pumping in money. I asked him where he was putting his money or what
he was investing in. his response, "I’m buying silver and gold, I bought a shotgun for
the first time in my life, and I’m stocking my food pantry at home." I asked him what
could possibly go so wrong to cause the need for those items. His response, "anyone
with half a brain can see that it’s all government controlled, and only a matter of time
before we some sort of public rebellion." I said like a revolution of sorts, he said, " it’s
already going on, most people just don’t know it yet!"
*****

Hi,
Amnesty legislation could be sprung on us at any time. Obama has promised the
Hispanic Caucus that it would come….
Potential allies in opposing Amnesty for illegal aliens include the self-organized group
of Congressmen and women known as blue dog Democrats. Here are the issues,
followed by names.
Lobby Republicans, too. Some are very flaky on the Amnesty issue, e.g. Sen. Jeff
Flake of Arizona.
If you live in one of the states shown below, or can pass this on to people who
do, these self-proclaimed conservative Democrats -- many of whom evidently
campaigned on an anti-illegal-immigration stand -- need to be contacted by their
constituents immediately and frequently to:
1. Oppose amnesty, increased guestworker programs, sanctuary cities, NAFTA
and so-called free-trade agreements.
2. Support the 287(g) local enforcement and E-Verify programs.
3. Support proof of citizenship to register to vote (on a national/federal basis).
4. Stop anchor babies.
5. Support ICE workplace enforcement actions.
Blue Dog Leadership Team
Rep. Stephanie Herseth Sandlin (SD), Blue Dog Co-Chair for Administration
Rep. Baron Hill (IN-09), Blue Dog Co-Chair for Policy
Rep. Charlie Melancon (LA-03), Blue Dog Co-Chair for Communications
Rep. Heath Shuler (NC-11), Blue Dog Whip
Blue Dog Members
Altmire, Jason (PA-04) Arcuri, Mike (NY-24)
Baca, Joe (CA-43) Barrow, John (GA-12)
Berry, Marion (AR-01) Bishop, Sanford (GA-02)
Boren, Dan (OK-02) Boswell, Leonard (IA-03)
Boyd, Allen (FL-02) Bright, Bobby (AL-02)
Cardoza, Dennis (CA-18) Carney, Christopher (PA-10)
Chandler, Ben (KY-06) Childers, Travis (MS-01)
Cooper, Jim (TN-05) Costa, Jim (CA-20)
Cuellar, Henry (TX-28) Dahlkemper, Kathy (PA-03)
Davis, Lincoln (TN-04) Donnelly, Joe (IN-02)
Ellsworth, Brad (IN-08) Giffords, Gabrielle (AZ-08)
Gordon, Bart (TN-06) Griffith, Parker (AL-05)
28
Harman, Jane (CA-36)
Herseth Sandlin, Stephanie (SD)
Hill, Baron (IN-09)
Holden, Tim (PA-17)
Kratovil, Jr., Frank (MD-01)
McIntyre, Mike (NC-07)
Marshall, Jim (GA-03)
Matheson, Jim (UT-02)
Melancon, Charlie (LA-03)
Michaud, Mike (ME-02)
Minnick, Walt (ID-01)
Mitchell, Harry (AZ-05)
Moore, Dennis (KS-03)
Murphy, Patrick (PA-08)
Nye, Glenn (VA-02)
Peterson, Collin (MN-07)
Pomeroy, Earl (ND)
Ross, Mike (AR-04)
Salazar, John (CO-03)
Sanchez, Loretta (CA-47)
Schiff, Adam (CA-29)
Scott, David (GA-13)
Shuler, Heath (NC-11)
Space, Zack (OH-18)
Tanner, John (TN-08)
Taylor, Gene (MS-04)
Thompson, Mike (CA-01)
Wilson, Charles (OH-06)
After seeing Harry Mitchell's and Gabriella Giffords' names on this list, I'm not sure
how conservative these Democrats really are. Goodness knows Mitchell and Giffords
are pro-amnesty, but we have more of a chance of opposition to amnesty with the Blue
Dog Democrats than regular Democrats:
And of course call/Email your own U.S. Senators and Congressmen at least once a
week on this issue, since Republicans' votes are not assured by any means. With
Obama, Nancy Pelosi, Harry Reid, John McCain, Ted Kennedy, and many others
committed to pushing through amnesty this year (unlike closing the tax loopholes for
companies who outsource jobs, like Obama has promised to do but is not pushing), we
absolutely need to focus on relentlessly contacting the Senators and Congressmen
whose votes we have some chance of obtaining to stop this catastrophe. Shadow
Government Statistics has reported that real unemployment is over 20%, so it's
absolutely insane for Congress and the White House to even consider adding millions
upon millions of illegal aliens to the labor pool, not to mention adding the billions upon
billions of dollars in social costs associated with this amnesty.
If you have gotten discouraged and don't believe these calls help, let me assure you
that doing nothing undeniably accomplishes nothing. Let's not make it easy for our
assassins to do us in.
29
There will NOT be an issue of the FORECASTER
on
*****
COMMODITIES
Some are mystified by the recovery in commodities. Technically after falling
50% to 65% a rally was in order. The technicals were there but so was another factor.
That was monetization by the Fed and our Treasury. As a result many professionals
are commodity buyers. They want to be in assets they feel will hold their own during
the coming higher inflation and perhaps appreciate.
In the case of oil in particular, it serves as the best commodity dollar hedge in
spite of government manipulation via the SPR. Copper probably is second as a hedge.
Next month we expect a consolidation in commodities, as they find new higher support
levels. Even though the world economy is in depression there are those who want
liquid, unencumbered hedges.
Falling asset prices do not translate into lower commodity prices, nor lower
gold and silver prices. For verification just look at the long-term charts for gold, silver
and the HUI. They are all in reverse head-and-shoulders patterns. Powerful straight
line upward moves are the result of upward breakouts. The next move on gold could
be to $1,650. The physical market is holding gold up and it will be the catalyst that
takes gold and silver higher. The government probably has little gold left to suppress
the market, so they will naked short and use derivatives. They will be swept away by
physical demand, in spite of our government not obeying our laws.
In part commodities are a place to hide to preserve wealth to a point.
When you have vast ongoing monetization commodities, gold and silver can
only go higher. It is called elitist profligate debauchery.
*****
Oil, Gas Market Speculation May Face Restrictions
http://www.bloomberg.com/apps/news?pid=20601087&sid=aIEgmYChpWg8
*****
GOLD, SILVER, PLATINUM AND PALLADIUM

This past week the gold ETF saw a weekly reduction of 6.41 tons to net
1,125.74 tons.
On Monday early gold was pushed down to $919 and silver to $12.95. The
same thing that happens every Monday with assistance from our government.
Spot gold fell $6.70 to $924, as the August contract traded $0.70 higher. Spot
silver lost $0.16 to $13.23, with the outside month $0.01 better. Both the Dow and the
dollar were down all day, but made another miraculous recovery in the last 20 minutes
of trading. Gold open interest rose 2,982 contracts to 318,287 and silver OI rose 426 to
101,397. You would have thought that gold would have rallied on news that South
Korea would be buying gold soon. Not in the real world. It is no wonder you can no
longer get a safe deposit box in Switzerland. They are all filled with gold and silver.
The XAU fell 5.78 to 134.22 and the HUI lost 13.66 to 329.06.
30
The yen rose .0068 to $.9514; the euro fell .0053 to $1.3966; the pound fell
.0169 to $1.6242; the Swiss franc fell .0027 to $1.0857; the Canadian dollar fell .0009,
and the dollar index fell .3 to 80.34 after having been down .80 earlier.
Oil fell $2.45 to $64.27; gas fell $0.04 to $1.75 and natural gas fell $0.11 to
$3.51. Copper fell $0.04 to $2.27; platinum fell $43.61 to $1,043 on news of over
production and stock piling, and palladium fell $9.15 to $242.85. The CRB fell 5.73 to
240.13.
On Tuesday spot gold rose $5.20 to $929.20, as August closed $4.90 lower to
a plus $0.30. Spot silver fell $0.04 to $13.23, as the outside month fell later in the day
in both metals. Stocks did well, as the XAU fell .71 to 133.51 and the HUI lost 1.74 to
327.33. Gold open interest fell 6,670 contracts to 374,617, as silver OI fell 402 to
100,995.
The yen rose .0025 to $9492; the euro fell .0030 to $1.3936; the pound fell
.0084 to $1.6168; the Swiss franc fell .0013 to $1.0873; the Canadian dollar fell .0016
to $.8589 and the USDX, dollar index, rose .25 to 80.71.
Oil fell again, the 5th day in a row, to $62.45, off $1.60; gas fell $0.02 to $1.73
and natural gas fell $0.10 to $3.38. Copper fell $0.06 to $2.20; platinum fell $5.00 to
$1,142 and palladium fell $2.55 to $240.10.
The Dow fell again under continued pressure, off 166 to 8158; the S&P fell 162
and Nasdaq 248 Dow points. The 10-year note yield was 3.46%, the lowest in at least
a month.
Minefinders Corporation Ltd. (TSX:MFL - News)(AMEX:MFN - News) today
announced second quarter production and sales results. The Company also
established timing to release its full second quarter financial and operating results and
production outlook for the remainder of the year.
"Metal production has continued to escalate as the Dolores Mine progresses to
steady-state production with over 9,000 ounces of gold and over 150,000 ounces of
silver produced in June, 2009. This has enabled us to pay down an additional $2.5
million of debt and continue to strengthen our overall financial position," said Mark
Bailey, President and Chief Executive Officer. "Our momentum has not been
hampered by the rainy season, which began in June, and we see continued growth in
the third and fourth quarters of 2009."
Despite a four day federally mandated shut down due to the swine flu outbreak
in Mexico, gold production increased to approximately 23,336 ounces in the second
quarter of 2009, up 65% from 14,169 ounces in the first quarter of 2009. Silver
production was approximately 419,946 ounces in the second quarter of 2009, up 49%
from 282,429 ounces in the first quarter. Metal production is expected to continue to
increase through the third and fourth quarters of 2009 as the volume of ore and time
under leach increases.
Second quarter sales proceeds were $26.0 million compared with $16.1 million
in the first quarter of 2009. Second quarter sales volume totaled 22,108 ounces of gold
at an average realized price of $937 per ounce and 369,532 ounces of silver at an
average realized price of $14.19 per ounce. Minefinders sold 13,313 ounces of gold in
the first quarter of 2009 at a realized price of $939 per ounce and 273,381 ounces of
silver at a realized price of $13.18 per ounce.
As previously disclosed, the first gold pour took place in November 2008 and
commercial production commenced on May 1, 2009.
After market close on Monday, August 10, 2009 Minefinders will release its full
second quarter financial and operating results and production outlook for the
remainder of 2009. A conference call will follow on August 11, 2009 at 1 p.m. Pacific
31
Time (4 p.m. Eastern Time) to discuss the second quarter results. Access details for
the conference call will be provided at a later date.
Recent photos of operations at Dolores can be viewed at
www.minefinders.com in the Dolores Gallery.
About Minefinders - Minefinders is a precious metals mining and exploration
company and operates the multi-million ounce Dolores gold and silver mine in Mexico.
The Company continues its exploration efforts on other prospective projects in Mexico
to build a quality pipeline of precious metals projects for future growth.
*****
This May Be The Last Time
By: Theodore Butler

http://news.silverseek.com/TedButler/1246988868.php
*****
Links regarding Silver:
The Silver Warcry. This video explains the effect of Silver manipulation on the market.
http://www.youtube.com/watch?v=FywT-txGuss
Paper Silver doesn’t build Circuit Boards – An introduction to the Silver Users
Association
http://www.youtube.com/watch?v=7951irEljR8
Federal Reserve Chairman – USD Is like Gold!

http://www.youtube.com/watch?v=nmgfVDmn-7I
I also run a website (www.metalsleasing.com <http://www.metalsleasing.com> ) that

tracks the silver story.
http://www.metalsleasing.com/proof_of_silver_price_manipulation.php
This chart speaks volumes and the data used to create it is right from the CFTC.
*****
Bank of Korea Likely to Buy Gold for 1st Time in 11 Years
http://english.donga.com/srv/service.php3?biid=2009070411578
*****
CANADA
More than half a million Canadians have fallen behind on their various credit
payments, fuelling a 19 per cent rise in the average national delinquency rate in the
one-year period ending May 31, 2009, says a new report from Equifax Canada.
The credit bureau called the double-digit jump "alarming," noting the average
delinquency rate for Canada hit 1.52 per cent at the end of May.
Much of the trouble stemmed from missed payments on credit card bills and for
sales finance purchases of items such as furniture and electronics.
Equifax defines delinquent bills as those that are at least 90 days overdue.
Ivey Purchasing Managers Index increases to 58.2 in June from 48.4.
Building Permits rise 14.8% in May.
32
*****
From a Fellow Canadian Subscriber:
Hi Bob, to help add fuel to the fire about the carbon tax issue people should have a
look at just a few of the free energy technologies that have been suppressed for many
decades. These are not quacks. These are technologies of some of the smartest men
in history. These men have been bought off, killed off, threatened and beaten all to
keep the secret of free energy. The illuminist suppress the 100% green and
free technology and then have the nerve to point the finger at us and say” look at the
problems you people are causing-pay us more taxes". Yes this technology would
temporarily crash the economy but out of the ashes would rise REAL TECHNOLOGY
that includes thousands of other technologies that have all been bought up or seized in
the name of national security. We would have a Real Technology boom that
would dwarf the fake NASDAQ boom. But the REAL Technologies would threaten
the illuminist’s power.
How about 100% free electricity for you home
http://www.youtube.com/watch?v=efCelx7qe_M
How about a car that runs 100% on water. Any car can be converted for $1200. They
killed Stan Meyers for refusing to sell out. I seen him on the discovery channel in the
1980"s and he made it on the news once until they silenced the media.
http://www.youtube.com/watch?v=a74uarqap2E
How about a peppy electric car that never needs to be charged because of it’s special
magnet motor. Now that’s not going to fill the elites pocket.
http://www.youtube.com/watch?v=T8WZD11alb0
Here’s a clip from the Detroit news. 101 years later and are cars fuel mileage today
has gotten worse with fuel injection and computers. That’s odd, haven’t we put men on
the moon and created machines that work off brain waves. Hmmmm.
"Ford's 1908 Model T, which went 25 miles on a gallon of gasoline, was more fuel
efficient than the current Ford Explorer sport-utility vehicle -- which manages just 16
miles per gallon." -- Detroit News, 6/4/03
Here is an excellent book the exposes suppressed inventions and technologies,

cancer and disease cures and much more.
http://www.amazon.com/Suppressed-Inventions-Jonathan-
Eisen/dp/0399527354/ref=sr_1_5?ie=UTF8&s=books&qid=1246756003&sr=8-5#
Alex Jones talks with Richard Hoagland about suppressed technologies:

http://www.youtube.com/watch?v=vvX8o2T-FLw
I have came across many more inventions like these. There are also many well-paid
government bashers on message boards ect. that will try to tell you that these
33
technologies are impossible. They are not and they are not even new
technologies. Yes there are some scammers out there trying to sell snake oil but the
truth is always mixed in with the lies. Energy is being used as another
unnecessary major tax on the people. A carbon tax will tax this tax.
If you decide to include this in your newsletter Bob I would like to encourage your
readers to copy and paste this info. into an email an send it to there contact list so
many others can see how bad we are about to be scammed. Thanks for continuing to
look out for the little guy Bob.
*****
From a Fellow subscriber:

Manitoba has dethroned both Saskatchewan and Alberta as the most attractive
Canadian province or territory for oil and gas investment, according to an international
survey of petroleum executives and managers released today by independent
research organization the Fraser Institute.
Saskatchewan, which was the top province in 2008, drops to the number two spot in
Canada. But investors are most critical of Alberta, ranking the province as the least
attractive among Canada provinces ranked for oil and gas investment. Aside from
Manitoba and Saskatchewan, Alberta now also trails Nova Scotia, Ontario, Quebec,
British Columbia, and Newfoundland and Labrador.
The results are contained in the Institute's Global Petroleum Survey 2009
<http://www.fraserinstitute.org/researchandpublications/publications/6765.aspx> .
“The survey results clearly show the industry’s dissatisfaction with the Alberta
government’s misguided policies. Punitive royalty rates, a lack of consultation, and a
growing anti-energy bias are common complaints about the Stelmach government,”
said Gerry Angevine, Fraser Institute senior economist and coordinator of the annual
petroleum survey.
“Meanwhile, Manitoba has quietly encouraged oil and gas investment with low
royalties and an easy to understand regulatory framework.”
While the survey shows a reordering among Canada’s provinces, it also shows
Canada losing ground on a global scale.
Manitoba, the highest ranked province in 2009, is 21st internationally. Saskatchewan
fell from 10th (of 81) in 2008 to 38th (of 143) worldwide. Nova Scotia ranked 54th,
Ontario ranked 60th, Quebec 68th, British Columbia 71st, Newfoundland and Labrador
82nd, and Alberta 92nd.
Alberta’s poor showing puts the province behind China, the Philippines, and Brazil as
an attractive place to invest in upstream oil and gas development.
Canada’s three territories also dropped sharply in this year’s survey. The Yukon fell to
105th (of 143) from 31st (of 81); the Northwest Territories dropped to 120th from 65th,
and Nunavut is ranked 121st. Nunavut was not ranked in 2008.
“The main issue for the territories seems to be uncertainty around land claims issues
and too many overlapping regulatory agencies,” Angevine said.
“You can see these issues reflected in the stalled MacKenzie Valley pipeline
34
development in the Northwest Territories.”
The top 10 most attractive jurisdictions for investment in this year’s survey are:
Arkansas, Alabama, Kansas, Austria, Mississippi, Nebraska, South Dakota, Texas,
Oklahoma, and Indiana.
Jurisdictions receiving the highest number of negative comments are: Bolivia, Niger,
Venezuela, Ecuador, Sudan, Russia, Bangladesh, Nigeria, Kazakhstan, and Ethiopia.
“Petroleum executives responding to the survey say they turn to different jurisdictions
when confronted with high royalty fees and tax rates, inadequate infrastructure, price
controls, and labor shortages,” Angevine said.
“They prefer to avoid jurisdictions with costly and time-consuming regulations. Other
factors being equal, competitive tax and regulatory regimes can attract investment and
generate substantial economic benefits. Policy makers should recognize that overly
strident regulations and anti-energy sentiment can be costly in terms of lost revenue
and jobs.”
The Global Petroleum Survey 2009 is designed to help measure and rank the
investment climate of 143 oil and gas producing regions.
A total of 577 respondents completed the survey questionnaire this year, providing
sufficient data to evaluate 143 jurisdictions. This is a substantial increase from the
2008 survey, in which 81 jurisdictions were rated, and the inaugural 2007 survey, in
which 54 jurisdictions were rated.
The survey questionnaire sought the opinions of senior executives and managers on a
range of issues including royalties and licensing agreements, taxation, the cost of
regulatory compliance, trade and labour regulations, and political stability among
others.
*****
EUROPE
‘Six policemen were hurt in clashes late Saturday with demonstrators at a rally
of more than 3,000 people against the 500-million-dollar enlargement of a US military
base in Italy, police said.
`Some 300 youths, wearing helmets and carrying plexiglass shields, pelted riot
cops with rocks and bottles during the American Independence Day demo. The police
replied with tear gas and baton charges, AFP photographers said.
The work at the base, a former airport in northern Vicenza -- which has a
current troop capacity of 2,750 -- will enable 1,800 soldiers currently based in
Germany to be stationed there.
Demonstrators who have regularly cut their way through barbed wire guarding
the site cried "No arms here" and "We won't be a rear base for the killing of Afghan
kids."
Local authorities have backed the extension, with around 1,200 jobs created, while
successive governments led by centre-left Romano Prodi and current Prime Minister
Silvio Berlusconi have each greenlighted the work.
35
A delegation from the organisers -- a coalition of Communists, Greens and far-
left groups -- will travel to central L'Aquila on Sunday to protest at the scene of next
week's G8 summit of world leaders including US President Barack Obama.
BASF SE said it finalized its plans for the integration of Ciba Holding AG, which
it acquired in April 2009, including a planned reduction of about 3,700 jobs by 2013.
Polish June Unemployment Rate 10.7% vs. May 10.8%.
Euro Zone July Sentix Investor Confidence falls to -31.3 from -27.
The number of tourist arrivals in Greece fell almost 10% in the first half of the
year, a leading industry group said Tuesday, adding that tourism revenues had fallen
even more.
Directly or indirectly, the tourist industry accounts for about 18% of gross
domestic product and one in five jobs.
Greek consumer prices rose 0.5% on the year in June, unchanged from the
rate seen in May, the National Statistics Service said Tuesday.
On the month, consumer prices rose 0.1% in June, compared with a 0.2% on-
the-month rise in May.
Germany May Factory Orders up 4.4%, -29.4% YoY.
German industrial output surged the most in almost 16 years in May, adding to
signs a recession in Europe’s largest economy is bottoming out.
Production rose 3.7 percent from April, when it dropped 2.6 percent, the
Economy Ministry in Berlin said today. That’s the biggest gain since August 1993.
Economists predicted an increase of 0.5 percent, the median of 38 forecasts in a
Bloomberg survey showed. From a year earlier, output declined 17.9 percent when
adjusted for the number of work days.
*****
Silver as Legal Way to Repatriate 6-Digit funds from Austria Back Home
http://www.24hgold.com/english/news-gold-silver-silver-as-legal-way-to-
repatriate-6-digit-funds-from-austria-back-
home.aspx?article=2171732076G10020&redirect=false&contributor=The+Pruden
t+Investor
*****
ENGLAND
The former chief financial officer of Dutch banking group ABN AMRO was
found dead Sunday after being missing for nearly a week, Britain's Daily Mail
newspaper reported, citing unnamed sources.
Huibert Boumeester, a Dutch national, apparently killed himself, the paper said.
Boumeester, who was also the one-time CEO of ABN AMRO Asset Management,
went missing on June 22. London's Metropolitan Police said at the time that two of his
guns were missing as well. [ID:nLO557743]
In a statement on Monday, Britain's Thames Valley Police would say only that
the unidentified body of a man was found Sunday morning in Winkfield, about 48
kilometres (30 miles) west of London. He apparently died of gunshot wounds.
[How do you commit suicide by shooting yourself a multiple of times? And, we
thought it was illegal to be carrying pistols in England. Now the only question is who
made the hit.]
36
The Bank of England should ask the government for permission to start a
further phase in its money- printing program because a recovery from the recession “is
not guaranteed,” the British Chambers of Commerce said.
While Britain will return to growth in the final quarter, a recovery “is not yet
secure,” the lobby group said in a report in London today. The central bank should
extend its asset- purchase program to the full 150 billion pounds authorized by
Chancellor of the Exchequer Alistair Darling and it should seek permission to spend
even more, the BCC said.
Economists say the Bank of England may this week stick with its current plan
to print 125 billion pounds ($202 billion) in new money as policy makers assess its
effect in pulling Britain out of recession. The BCC’s survey of 5,600 companies
showed today that manufacturing and services companies’ confidence improved in the
three months through June.
*****
Conspiracy fever: As rumours swell that the government staged 7/7, victims'
relatives call for a proper inquiry
http://www.dailymail.co.uk/news/article-1197419/Conspiracy-fever-As-rumours-
swell-government-staged-7-7-victims-relatives-proper-inquiry.html
*****
MI5 accused of bribe offer in Rangzieb Ahmed torture case
http://www.guardian.co.uk/world/2009/jul/06/mi5-accused-bribe-offer-torture
*****
MEXICO
Mexico’s peso fell as President Felipe Calderon’s party lost congressional
seats in midterm elections, adding to concern the government will struggle to
implement tax increases that economists say are needed to narrow a budget gap.
The peso weakened 0.5 percent to 13.2910 per U.S. dollar at 9:40 a.m. New
York time, from 13.2307 on July 3. It touched 13.3755, the weakest since June 23.
Calderon’s National Action Party, or PAN, took 27.9 percent of the votes in the
July 5 election for all 500 lower house seats while the opposition Institutional
Revolutionary Party, or PRI, won 36.6 percent of the vote, according to 96.9 percent of
all votes counted by the Federal Electoral Institute. The PAN currently has 41 percent
of lower house seats.
“This is not a market-friendly result,” said Jaime Ascencio, a fixed-income
strategist at Actinver SA, Mexico’s biggest independent money manager, in Mexico
City. “This result makes it very likely that Mexico’s credit rating will be cut.”
Standard & Poor’s cut the outlook on Mexico’s BBB+ rated foreign debt, the
third-lowest investment grade rating, to negative in May, and cited concerns the
government may “not adequately address lack of flexibility in its fiscal policy” after the
elections for all 500 seats in the lower house.
The PAN’s 206 lower house seats in the current Congress make it the biggest
party in that chamber. The opposition Party of the Democratic Revolution, or PRD, is
the second largest with 123 seats and the PRI has 104 seats.
Yields on Mexico’s 10 percent bond due December 2024 rose one basis point,
or 0.01 percentage point, to 8.44 percent. The bond’s price fell 0.08 centavo to 113.40
centavos per peso, according to Banco Santander SA.
CHINA
37
Banks in China and Hong Kong began wiring Chinese renminbi directly to each
other on Monday to settle payments for imports and exports, as China took another
step toward establishing the renminbi as a global currency — and, eventually, an
international alternative to the dollar.
China has tempered its recent calls for a global reserve currency other than the
dollar going into a meeting of the world’s major industrialized countries and biggest
emerging economies in Italy on Thursday. He Yafei, China’s vice foreign minister, said
on Sunday that the dollar would remain the world’s dominant currency for “many years
to come.”
But the Chinese government is accelerating the process of making its own
currency, the renminbi, more readily convertible into other currencies, which gives it
the potential over the long-term to be used widely for trade and as a reserve currency.
China is in the process of getting rid of its US dollar balances. It intends to
invest in the domestic economy and bring balance to the economy. They would supply
domestic credit; import more, thus balancing their trade.
China has visions of creating a new international finance architecture that will
serve international trade better. They also want the yuan to be an alternative reserve
currency by denominating all Chinese exports in their manipulated yuan. OPEC
members, a large importer of Chinese goods, would accept the yuan.
What China is doing is unilaterally starting a trade war. We can understand why
China wants to do this, but the truth of the matter is they have manipulated their
currency and used slave labor to accomplish their commercial success. What has
been disturbing over the last 15 years is that the US tolerated this just so American
inflation would be subdued, and China would use their surplus to purchase US
Treasury debt.
If China does use only the yuan in trade and the US does nothing to stop them,
you can then expect US tariffs on goods and services.
China feels they cannot be stopped. As a result they have already started
erecting tariffs on certain goods, as has Russia.
The elitist’s transnational conglomerates probably would move in and acquire
distressed Asian companies to be within the yuan-trading block.
China is well aware that American and European elitists want only one-world
currency, one that they control. Obviously
China does not want to participate in a world currency. China wants to break its
dependency with the dollar or any other currency.
It is now obvious that China is going to move unilaterally. They believe that the
US engages in selective global trade to enhance its super power status. They also use
sanctions, which is economic warfare, as a tool for foreign policy.
Foreigners doing business are forced to use dollars because it is the
international reserve currency. Unless they have matching imports they are forced to
buy US Treasuries. If they convert to their own currency its value will increase making
their exports less competitive. What they should do is convert dollars to gold and use
the gold as collateral for loans, if they need capital. This solution is obvious, but few
creditor nations have taken advantage.
Even the Chinese have made a large part of gold accumulation via buying
domestic gold production and paying for it in yuan. If they had done that and had
aggressively bought gold in the international market, they could have dumped more
dollars.
A trade war is developing and it is something China cannot afford. It will cost
them dearly in lost exports and that will translate into major unemployment and
perhaps revolution against the communist government. The Chinese should remember
38
that in 1948, the Illuminists put their government into power and that power can also
be taken away.
JAPAN
As we know Japan has been a vassal state of the US since 1945. Two months
ago they made a very important announcement and that was that Japan should not
buy any more US bonds unless they were issued in yen as Samurai bonds.
China, Japan, Russia and others believe the US is engineering a stealth default
on America’s debt by using quantitative easing. Japan and China hold 23% of the US
$6.4 trillion debt. The two are really caught between the rock and the hard place.
Japan is saddled with debt of 200% of GDP and both major parties are in fact
controlled by the US government. China has 30 million unemployed with exports falling
rapidly, along with Japan’s. Remember, China is still a communist government and few
care for it with the exception of party members. No matter what is spent on stimulus or
arranged via easy loans, they both are going to have serious social problems as the
world sinks deeper into depression.
Both Japan and China are in for a rough ride and they are trapped by their
dependence on trade. China has already erected trade barriers and it is only a matter
of time until the rest of the world is forced to follow, including the US.
We do not see either China or Japan dumping Treasuries or Agency bonds, but
we do not see them continuing as buyers. Neither society can stand-alone without
being able to be major exporters. Don’t forget both countries accumulated this
Treasury debt by manipulating their currencies in order to remain super competitive.
The world debt appetite has been sated as has consumption worldwide and
especially in the US where it once was 72% of GDP and now stands at 70.4%, and
continues its decent. In addition both countries are beset by major excess capacity.
The US isn’t without fault; they encouraged China and Japan to do what they
did in order to have low US inflation. There is plenty of blame to go around.
AUSTRALIA AND NEW ZEALAND

ANZ Australia Total Job Ads Fell 6.7% In June Vs May.
The private gauge of Australian inflation shows a pick-up in June led by
increases in petrol prices, but the annual pace is still dipped to the lowest in seven
years. The TD-MI monthly inflation gauge rose 0.4% in June, reversing a 0.3% fall in
May. Year-on-year its +1.4%.
Its NZ's first rise in six quarters, rising 0.4% in the three months ended 30
June. They fell 2.1% the previous quarter.
Australia's construction sector contracted for the sixteenth consecutive month
in June as builders signaled a continuing weak outlook for the remainder of the year, a
performance gauge produced by an industry group published Tuesday shows.
The continued slump in construction comes as the aftershock of multibillion
dollar fiscal stimulus packages designed to boost home building begins to wear off,
leaving the sector to pin its hopes on the impact of generational low interest rates.
The Australian Industry Group-Housing Industry Association Performance of
Construction Index fell 4.3 points in June from May to 42.6, below the 50 point mark
which separates contraction from expansion.
Although all sectors of the index recorded a decline, the weakest was
apartment building, along with engineering and commercial construction projects.
House building fell for a seventeenth consecutive month, falling 1.3 points in
June to 44.0, although still 14.3 points above its April 2009 levels.
39
Apartment building fell 13.1 points to 35.3, while engineering construction
dropped 9.6 points to 41.1, rolling back a modest growth spurt in May.
Commercial construction fell by 7.2 points to 38.4.
HEALTH
IMPROVING YOUR DIGESTION
When we consider digestion disease it includes not only the tummy ache and
heartburn but also constipation, IBS, hernia, gallbladder malfunction, diverticulitis
(infected bowel) and liver disease. When we consider all these problems we have
nearly 70 million people suffering from digestion disorder. We have 14 million with
ulcers and 36 million who are constantly in and out of the doctor’s office with digestive
woes. At any given time 3.2 million are admitted to hospitals with a primary diagnosis
of digestive disease. We have over 7 million emergency room visits annually due to
digestive disease.
YOUR PLUMBING
We have so many specialized medical areas that we tend to forget that everything in
the body is connected. For instance the enzymes produced by your organs are
important to the digestive system and how it operates. If disease affects the pancreas
or the liver or gallbladder this can hinder the function of the digestive tract and cause
further health problems.
IRRITATING FACTORS
Other diseases can cause digestive disorders as well as lifestyle and some
medications. For instance stress, fibromyalgia, autoimmune disease, malnutrition and
warafin will contribute to digestive problems and malfunction.
STILL NUMBER ONE

If we go all the way back to ancient Babylonia and China we see that the number one
folk remedy for digestive discomfort was ginger. And guess what? It still is. If you have
stomach distresses after eating try some ginger. The modern research on ginger is
that it has better action than pharmaceutical products and with no side effects when it
addresses nausea, seasickness, motion sickness, morning sickness and post-surgery
nausea. One reason science says that ginger works better than the drugs is that it
does not affect the central nervous system. The other reason is because God created
it. Ginger even out performed Dramamine. Eighty Danish naval cadets on rough seas
who took ginger to suppress nausea and vomiting had a 72% success rate for up to
four hours. If you use ginger, use real ginger and read labels to avoid ginger flavored
products such as ginger ale. If you have a super sensitive stomach, bananas have the
ability to relieve pain and nausea (dyspepsia) when there is no ulcer involved. A study
in India tested banana on those suffering from stomach pain and nausea and 50%
obtained relief. So, forget the apple-a-day for stomach discomfort and eat a banana.
SOME FOODS TO AVOID

When it comes to stomach problems it is recommended to avoid all types of coffee
because it can bring on stomach pain. A study out of the University of Michigan found
that those with stomach pain drank two cups of coffee a day. The study suggested it
was not the caffeine but the acid that set a chain reaction in the digestive system
producing pain and nausea. A German study in Munich found several food culprits
causing stomach pain (those with and without ulcers); mayonnaise, cabbage, fried
40
foods and salty foods. Additional foods they discovered were; all meats, coffee (again),
carbonated drinks and fruit juice. Avoid foods that over stimulate the stomach acids
such as; beer, wine, milk, coffee, tea and soda. According to one German study beer
is one of the worst beverages because it doubles the stomach acid output by the body.
Those who thought milk was a good thing to drink should know that although it may
initially ease the stomach pain it also creates a rebound effect and afterward
stimulates the stomach to produce more acids.
SOME NATURAL ANTACIDS

According to Dr. Ara DerMarderosian of Philadelphia College of Pharmacy & Science
says that rice (a complex carbohydrate) ties up extra stomach acids and can calm
stomach distress by eating just ½ cup of cooked brown rice. Other foods that can
neutralize the stomach acid in small amounts are dried red and white beans as well as
a little corn.
WHAT ABOUT GAS?

Gas is a natural occurrence and happens on average 14 times a day. Gas complaints
are as old as dirt. An herb used for thousands of years to expel gas is peppermint.
Having gas (flatus) can be painful and can over extend the digestive tract. The best
way to keep gas in check is diet. Foods causing more gas than you want are your
carbohydrates and sugary foods. These foods if not fully absorbed during digestion
become fermented and undigested creating gas in the large intestine. Beans contain a
lot of sugar and can increase gas more than ten fold. Milk also has the sugar lactose
and also promotes gas especially if you don’t have enough enzyme lactase to digest
milk. Lactose intolerant individuals are eight times more likely to experience gas with
just two cups of milk. According to Dr. Michael Levitt of the University of Minnesota,
milk is the number one food that causes most people to have gas problems. Soluble
fiber such as oat bran, apples and apply juice can create gas output by four times.
Starchy foods can create gas in the large intestine. Dr. John Bond of the University of
Minnesota studied gas producing foods and states that wheat, oats, potatoes, corn,
pasta and breads with white flour are big culprits. Of all the carbohydrates he says that
rice is the lease likely to create gas.
OTHER OFFENSIVE FOODS

Some other foods which create offensive gas are; broccoli, Brussels sprouts, cabbage,
cauliflower, peas, onions, rutabagas, soybeans and turnips. Some foods that produce
moderate gas are; carrots, celery, eggplant, apples, bread and bananas. On the lesser
end of the gas scale are; oils, poultry, rice, fish, meat and eggs.
HOW GAS WILL TRAVEL

It is interesting that the offensive foods produce gas on average five hours after you’ve
eaten them. Within seven hours the gas is gone.
BLOCKING GAS ATTACKS

There are several things you can do to decrease your gas emissions. Keep a food
journal and see which foods give you more gas and then modify your diet. If you like
eating beans, soaking dried beans will reduce gas by 75%. Also, some digestive herbs
can help such as ginger and garlic. If you add these herbs to a pot of beans or other
offensive foods you will decrease or eliminate the production of gas in the digestive
tract.
41
HERB COMBOS
By combining several herbs together you can avoid gas, bloating, belching, nausea,
and vomiting. I use 1 teaspoon each of peppermint, ginger and fennel seed tinctures in
just 1-2 oz. of water after a meal. For diarrhea add the soothing power of slippery elm
bark to the above mixture. For acid issues, I substitute the peppermint for the slippery
elm in the combo. Look for Digestion Kit and Slippery Elm tincture at Apothecary
Herbs 866-229-3663, International 704-875-8010 online
http://www.thepowerherbs.com.
UNIVERSAL HEALTH CARE

Since the organs of the body influence one another I like to do a system cleanse to
address the health and function not only the digestive tract (bowel) but also the
urinary, liver, gall bladder and blood. When you cleanse and nourish the system it is
designed to regenerate and heal itself. Look for the Male or Female Organ Cleanse
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Order your convenient and compact, dehydrated food in the stand-up pouch for food
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42
cleanup. Order single serving or double serving meals by the case and for a hot meal,
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Apothecary Herbs. Call now toll free 866-229-3663, International 704-875-8010 or
Portuguese Sea Salt® - imported from the traditional salterns (a 2000-year tradition)
along the coast of Algarve, Portugal. Salt crystals are harvested by hand and sun-
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Apothecary Herbs 866-229-3663, International 704-875-8010
HERB TALK LIVE – with Herbalist Wendy Wilson every Tuesday & Thursday at 7:00
pm EST on AVR www.theamericanvoice.com and Thursday at 4:00 pm on WBCQ
7.415 and Saturday 7:00 am on GCN www.gcnlive.com. Free radio show archives at
http://www.thepowerherbs.com
#10 CANS SURVIVAL FOOD – call Freeze Dry Guy 866-404-3663 or

www.freezedryguy.com.
*****
Baxter admitted distributing to 18 countries for public use vaccine tainted with live bird
flu virus. Mixing two virus strains is called reassortment and is one of two ways in
which a viral pandemic is started (Baxter's vaccine contained two strains)!
http://www.torontosun.com/news/canada/2009/02/27/8560781.html
<http://www.torontosun.com/news/canada/2009/02/27/8560781.html>
http://socioecohistory.wordpress.com/2009/03/07/live-avian-flu-virus-placed-in-baxter-
vaccine-materials-sent-to-18-countries/
<http://socioecohistory.wordpress.com/2009/03/07/live-avian-flu-virus-placed-in-
baxter-vaccine-materials-sent-to-18-countries/>
Baxter said it is in "full scale" production of a vaccine for the H1N1 virus, known as
swine flu, and anticipates the first commercially available dosages to be ready in early
July. The announcement Friday by the Deerfield-based medical-product giant comes a
day after the World Health Organization declared a global pandemic. AND BAXTER
IS ONE OF THE SUPPLIER'S TO WHO!
http://www.chicagotribune.com/business/chi-sat-brf-baxter-0613-
jun13,0,7655168.story <http://www.chicagotribune.com/business/chi-sat-brf-baxter-
0613-jun13,0,7655168.story>
Warning: Swine Flu Vaccine Coming Soon

http://www.foodconsumer.org/newsite/Opinion/Comments/040720090807_warning_sw
43
ine_flu_vaccine_coming_soon.html
<http://www.foodconsumer.org/newsite/Opinion/Comments/040720090807_warning_s
wine_flu_vaccine_coming_soon.html>
http://www.robertmihaly.com/useful.htm <http://www.robertmihaly.com/useful.htm>
Link above is population reduction quotes from billionaires, royalty and dedicated
eugenics proponents.
*****
"Military experiments on civilians?"
http://www.brasschecktv.com/page/662.html
*****
HR 2749: “Food Safety” Bill Has Martial Law Provisions

Food Freedom
July 5, 2009
HR 2749 is a strange bill in many ways. While the other “food safety” bills have been
around since winter, allowing for much public discussion on the internet, HR 2749 has
only suddenly appeared. It is a mutant conglomeration of the worst of the other bills,
with the addition of one very original part – martial law.
When it was a draft, it was Waxman’s bill. But once given a number, it became
Dingel’s who already had a “food safety” bill, HR 759. So Waxman got none and
Dingel got two. (Was this because Waxman, being Jewish, was a hideous choice to
introduce a bill with Codex in it – designed by the Nazi pharmaceutical companies that
funded Hitler, provided the gas for the gas chambers, experimented on prisoners with
vaccines – and is expected to kill millions?)
* HR 2749 would give FDA the power to order a quarantine of a geographic area,
including “prohibiting or restricting the movement of food or of any vehicle being used
or that has been used to transport or hold such food within the geographic area.”
[This - "that has been used to transport or hold such food" - would mean all cars that
have ever brought groceries home or any pickup someone has eaten take-out in, so
this means ALL TRANSPORTATION can be shut down under this. This is using food
as a cover for martial law.]
Under this provision, farmers markets and local food sources could be shut down,
even if they are not the source of the contamination. The agency can halt all
movement of all food in a geographic area.
[This is also a means of total control over the population under the cover of food, and
at any time.] See this DailyKos entry.
The bill is unusual, too, because slow as it was to appear. The little bugger of bill has
made up for it since. It got a number on June 10, went to committee on June 17,
passed instantly, and is headed for a vote on the floor of the House.
44
The first Patriot Act was passed using fear of terrorism. This Patriot Act is more coy,
hiding under a cloak of “food safety” and but also using fear – fear of food
contamination. Evidently, Americans are supposed to be so frightened by the slightest
possibility of a terrorist or of E-coli, they would trade away all their precious, hard
fought freedoms for the promise of safety. Or at least, that is what the trade-off has
become. “Terrorism” and “contamination” are great bugaboos used to open doors to
an end to the US Constitution. That is exactly what we are left with after those who
wrote HR 2749 are done.
Who did write these bills? It seems Monsanto had not only a hand, but a “defining”
influence. http://farmwars.info/?p=594
This redefining of reality is what seems to be underlying all the loss of freedom.
Normal and free are disappearing into the maw of corporate definitions of reality. See
this Yup Farming piece.
So, we begin with contaminated food from filthy corporate processors and
concentrated animal feeding operations (CAFOs). And what do we end up with after
that reality is ground up by corporate legal hands? Changes in the definition of risk so
that natural things are treated as dangerous and toxic things are untouched, such that:
• Healthy, normal farms are taken over by government as though they were run by
criminals and contaminated corporate slaughterhouses are untouched;
• The necessary freedom of individuals to live and grow food and be left alone are
somehow suddenly destroyed, though they were never the source of any food
contamination issue; and such that
• The profit and control and power of corporations which were absolutely the source of
the increasingly terrible food, is somehow suddenly vastly increased.
Thanks to corporate control over reality, our wanting to clean up corporate processors
and feedlots and CAFOS and end up with farmers’ markets and local farms and
organic food has become the industrialization and potential destruction of every
healthy part of the food system and the triumph of the most contaminated and toxic
part. And in the non-bargain, we lost all freedoms and they took all control. And “all”
is not a hyperbole here, for one need only look at another provision of HR 2749 to feel
how insane, how distant from all we ever wanted.
* HR 2749 would empower FDA to regulate how crops are raised and harvested. It
puts the federal government right on the farm, dictating to our farmers.
[What is missing in pointing out this astounding control, is that it opens the door to
CODEX and WTO "good farming practices" will include the elimination of organic
farming by eliminating manure, mandating GMO animal feed, imposing animal drugs,
and ordering applications of petrochemical fertilizers and pesticides. Farmers, thus,
will be locked not only into the industrialization of once normal and organic farms but
into the forced purchase of industry's products. They will be slaves on the land, doing
the work they are ordered to do - against their own best wisdom - and paying out to
industry against their will. There will be no way to be frugal, to grow one's own grain to
feed the animals, to raise healthy animals without GMO grains or drugs, to work with
nature at all. Grassfed cattle and poultry and hogs will be finished. So, it needs to be
45
made clear where control will take us. And weren't these the "rumors on the internet"
that were dismissed but are clearly the case?] See this DailyKos entry.
When we wanted not to get E-coli in processed meat, did we intend to put our farmers
into corporate servitude? Did we plan to have our own lives straight-jacketed by a
million new controls over our own gardens, our own desire to grow food, our own plans
to start small businesses, our own dreams to have a small piece of land and farm
ourselves? Who has the audacity to take our needs and grotesquely bastardize them
in these ways, while giving the destruction and totalitarian control the sham name of
“food safety”?
We wanted good food. We never wanted to trap our farmers into an industrial prison
on their own land, afraid moment to moment of not fulfilling some monstrous set of
instructions that never end – rules the farmers loathe, rules that have not only nothing
to do with real farming but which are antithetical to it. Why have we ended up with HR
2749, an intense corporate nightmare around the most central and necessary aspects
of a free country and of free human beings – farming and food?
American farming needs to be relieved of the burdens it has been under, not finished
off by its corporate competition. It needs freedom to flourish again. Obviously – and
Congress people who would think to vote for such absurdities, take note – the
imposition of surveillance, monitoring, warrantless entry, taking of all records,
licensing, fees, Codex and NAIS, in addition to massive penalties and prison terms (all
without judicial review over even appropriateness and validity), are not how one thanks
American farmers for holding together the only working part of our food system. See
Literal Enslavement by Linn Cohen-Cole.
HR 2749 is the most vicious and insane bill one could imagine. Who treats our
farmers in this way? Who believes that such police measures can provide for the
rebirth of farming and the return of healthy food? Who wrote this bill that trashes the
freedom of all our lives? HR 2749 was not what we ordered and it should be sent back
the bowels of hell it came from.
HR 2749 is both insane and cruel. And the deceptiveness of hiding a Patriot Act in it
and the brutal rush to slip it through Congress are ANTI-democratic.
Go here to tell Congress, “No.” http://www.ftcldf.org/petitions/pnum993.php
*****
The Pentagon’s alarming project: Avian Flu Biowar Vaccine
by F. William Engdahl
"There is reason to believe that sections of the international pharmaceutical industry

cartel are acting in concert with the US Government to develop a genetically modified
H5N1 virus substance that could unleash a man-made pandemic, perhaps more
deadly than the 1918 ‘Spanish Influenza’ pandemic claiming up to 30 million lives."
http://www.globalresearch.ca/index.php?context=va&aid=9833
*****
46
Well I did take colloidal silver for a toe nail infection it was working but I ran out and
now a few months later its worse than ever (I see they have a new sliver type solution
advertised on infowars so I might try it. my mate had a friend with cancer and her
doctor and family kept telling her to take chemo but she didn’t want to, her doctor said
she had a 3% chance of success to me that’s a death warrant, she bought some hemp
seed oil and after 3 days she met my friend and told him she had stopped taking the
morphine because all her pains had gone, unfortunately her son or the doctor talked
her into taking chemo she hasn’t been seen much and I think she has taken to her bed
now, with a 3%success rate I don’t think there’s much hope, so I have been taking
hemp seed oil along with, the chlorella as mentioned before(it cleans out the system of
toxins)bit like spirulina, Wendy sells and also a another thing called mega-greens
powder its got msm which kills cancer cells, Back home in Belfast before I sold my
house and came to London I had an infa red sauna, its quite big about the size of the
old type confession boxes and it plugs into the wall and is cheap on the electric, I
heard about it when I visited a girl in Estonia in 2006. we used one at the local leisure
centre and I couldn’t believe how much I sweated. its not as hot as a normal sauna
and because of the infa red rays it boosts the immune system. it works a bit like the
sun without burning the skin it sped up the metabolism so its real weight that’s
sweated out. I was so impressed I bought one, I was going to open a business back in
Belfast but I decided to come work in London. The infa red rays pierce the skin and
help women with osteoporosis and a host of medical conditions including boosting the
immune system. You loose 600 calories in 30 minutes (I used to have my feet in a
bucket so not to soak the floor of the unit after I squeezed out my towel, shorts etc into
the bucket which had tons of sweat from my body anyway there was sometimes over a
pint of water (although I sweat a lot anyway in heat lol). but I cant say I have had
anything serious until this January when I had a cough which came and went for a
month (it was the time London’s hospitals were filling up with flue victims) I know it was
the chemtrails there was no other explanation, funny a few months later Alex Jones
had the same thing it lasted about 3 weeks and he couldn’t get rid of it, and everyone
he knew had it. I read somewhere you are in green land, if its anything like Estonia
(Scandinavian culture) they may have infrared saunas you can use them at health
clubs I loved mine I was in it every night at one stage. I get lots of boils from allergies
to processed food I no longer eat but any spots I got went very quickly. So if you know
a good health farm I would recommend trying one when you can get out of bed, I hear
you are pretty fit so you should be ok lol. Bed rest is a good idea to, I hear California is
issuing worthless IOUs maybe you could get a sauna on tick lol, the anti biotics should
be ok as you don’t take them often or at all I hate taking them to, try red wine (just a
glass a day) I hear its the reason the French live so long lol. I had a look at some of
Wendy's stuff its quite good when you are taking natural substances you cant get
enough. All the best Mr. Chapman keep smiling it helps to lol and remember.
"your not paranoid if they really are out to get you."
*****
There will NOT be an issue of the FORECASTER on
47

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For a Few Bailout's More

Billions more needed for financial rescue

Our show with; Stephen Lendman - Easy to download the program.

Goldman Sachs spokesman "confirms" second JFK shooter?

Goldman's stolen code allowed trading in dark pools, manipulate markets.

Zero Hedge Is a Case of Quant Trading Sabotage about to Destroy Goldman

Is Uncle Sam Manipulating the Equity Markets?

Was Goldman’s trading software stolen?

BOMBSHELL-Supreme Court now has Obama citizenship

Joe Biden tells ShalomTV ‘I am a Zionist

Taming The Beast: *****

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BN: Japan Machine Orders Unexpectedly Fall a Third Month Bookings, an

By NWV News writer Jim Kouri

General of all American Intelligence: 911 was a fraud!

Goldman May Lose Millions From Ex-Worker’s Code Theft

DeMint amendment to audit the Federal Reserve blocked by Senate Leadership -

Wall Street's Toxic Message

401(k) as Dangerous as the Dollar

Adding Up the True Costs of Two Wars

Local company develops medical breakthrough

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I would never expect to him being interviewed in the US like this....

Missouri National Guard Train to Kill “Militia Insurgents” in Exercise

Wall Street gears up to trade California IOUs

Inflationary Crack-up boom has Commenced in the G7 Econonomies!

Goldman Trading-Code Investment Put at Risk by Theft

"The Age Of Despotism"

Big Banks Don't Want California's IOUs

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GOLD, SILVER, PLATINUM AND PALLADIUM

By: Theodore Butler

Federal Reserve Chairman – USD Is like Gold!

I also run a website (www.metalsleasing.com <http://www.metalsleasing.com> ) that

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Alex Jones talks with Richard Hoagland about suppressed technologies:

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