PRINT THOSE DOLLARS

With Europe coming apart at the seams, money is leaving the continent and flowing into U.S. Treasury bonds. This will turn out to be a grave mistake. U.S. dollar assets are anything but safe havens. When the spotlight shines again on the USA, it will reveal the American financial system to be no different than that of Europe.

With the over-the-counter derivatives now exceeding 1 quadrillion dollars and JP Morgan's derivative positions already starting to blow up, the Federal Reserve and the European Central Bank have no choice but to create literally trillions of dollars out of thin air to keep the global system from imploding. The resulting inflation will do great damage to the U.S. dollar and the Euro. The "safe haven" bond market will eventually plunge along with everyone's purchasing power.

A few people will protect themselves, but the majority will keep their heads planted firmly in the sand.

May 15, 2012

DEMOCRACY MISSING IN ACTION

Having voted for Barack Obama in 2008 with a new found hope that I had not felt since before the assassinations of the 1960's, I can no longer ignore the alarming contrast between his words and his actions.

While Obama the candidate is charming the Progressive wing of the Democratic party, of which I am a proud member, with his articulate, inspirational and seductive campaigning, he is signing bills and executive orders that place Americans in great peril.

On December 31, 2012, while we were all out of touch celebrating the New Year, Obama, the President, was surreptitiously signing the National Defense Authorization Act. The 2012 NDAA considers the United States a "battlefield," and gives the president and his agents the right to seize and arrest any U.S. citizen, detain them indefinitely without charge or trial, and do so only on suspicion, without any judicial oversight or due process.

Not content with overturning the Constitution in ways that even the infamous George W. Bush could not imagine, Obama, not the candidate, but the president, signed an Executive Order on March 16th that authorizes peacetime martial law in the United States of America. As such, the President will have complete control over the natural resources of the country in war, natural disasters and in peacetime. Those dictatorial powers can be extended to his various department secretaries as well, all in the name of the all-too-familiar "national security."

When you combine these outrageous developments with the ever-tightening noose that the banking cartel, health insurance industry, oil companies and the pharmaceutical gangsters are exerting over Americans with the technology that is just about ready to track everyone in this country: their emails, telephone conversations, physical movements etc., democracy in America is missing in action. And the people (the sheeple) sleep on.

March 31, 2012

A RETURN TO COMPLACENCY ON THE ECONOMY

Complacency has once again trumped fear in the good old USA as bogus economic reports are believed by the ever-gullible public. Without going into how the Government spins every statistic, the fact of the matter is that there is no recovery.

In fact, we are entering the endgame where ever-increasing and crushing global debt is being desperately fought by the world's central banks' printing of incomprehensible quantities of paper money. The result is a dangerous currency crisis where each country debases its currency in an effort to obtain a short-term advantage over the others in selling its exports. What they are producing, instead, is an intensifying inflation where only the rich can hedge their financial (paper) assets with real tangible assets i.e. gold, silver, diamonds, fine art, farmland etc. while the vast majority of savers, pensioners and retirees are devastated by an accelerating loss of purchasing power.

Here in America the people are being controlled by the criminal bankers, the corrupt politicians and their mainstream media puppets. Obama, the articulate and inspiring candidate, bears no resemblance to Obama the President who continues to surround himself with the very Wall Street individuals who trashed the financial system in the first place. And the Republicans continue to find new and creative ways to commit suicide with each passing day. There will be no help from Washington in an election year.

So, while Americans think the economy is getting better, it is important to understand that there are others who see the possibility of economic martial law, social unrest, a plunging dollar that ceases to be the world's reserve currency and a crashing bond market in our future. What do you think? My best guess (and I study these issues every day) is that we have until perhaps June to protect our financial assets. In any case, the old cliché of hoping for the best but preparing for the worst has never seemed so true as it does right now. Be a contrarian or be a victim. A long hot summer may be on the way.

February 19, 2012

A LETTER TO ELIZABETH WARREN

Dear Ms. Warren,

I will do as you request re. Scott Brown. But I must express my disappointment with President Obama. To me, there are two Obamas: the campaigner and the President. The former is articulate, inspirational, charismatic and identifies with the Middle Class. In 2008, the theme was "change." The latter, that is, the President, then surrounded himself with Wall Street cronies to such a degree that the transition from Bush to Obama was practically seamless. When it came to the health care debate, instead of starting the negotiations with Universal Health Care for all (single payer), even though he would never get that, you start the debate with the ideal that is a reality in every other developed western nation. He didn't even put any energy into the public option which, of course, was the only way to get the private insurance cartel to have to deal with the word, "competition." I could go through his first three years issue by issue. But my point is Candidate Obama RHETORIC vs. President Obama ACTION.

This year the candidate's theme is "fairness." While he waxes eloquently on the subject and champions the 99%, he makes a deal with the banksters that makes your skin crawl. In fact, if it weren't for Attorney General Schneiderman from New York and a few other attorneys general from around the country, Obama would have settled for even less than a slap on the wrist to the banking criminals. His attorney general, working, of course, with the President, has not brought a single criminal case against the Wall Street crooks who caused such horrendous destruction to the financial system and the economy. I can't decide.....Was the man and/or his family threatened? Or is the real Obama not what he says he is when he's out on the stump. I understand that the disloyal opposition was out to get him from day one. But how could a man of his intelligence spend more than three years trying to present a bipartisan result to the American people when it was obvious to mentally-challenged people that the Republicans had no interest in working with him on anything?

Thank God for you, Elizabeth Warren, who appears almost purely unique in saying what's on your mind and speaking the truth.

Cordially,

Charles Steinhacker
Great Barrington, MA
February 15, 2012

TWO OBAMAS

Have you noticed? There are really two Obamas. One is Obama the Candidate, and the other is Obama the President. The candidate flashes the infectious smile, articulates the charismatic, inspirational rhetoric, identifies with those who are struggling in our society, and, most of all, promises change.

Notice the contrast between the candidate and the president. The latter surrounds himself with Wall Street tycoons so that instead of change, he is bringing us a seamless financial transition from Bush to Obama where his Justice Department has not brought a single case against the Wall Street criminals. (Attorney General Eric Holder and Lanny Breuer, head of the Justice Department's criminal division, were partners for years at a Washington law firm that represented a Who's Who of big banks and other companies at the center of alleged foreclosure fraud).

Instead of closing down Guantanamo, as promised in his first campaign, Obama has, if anything, enlarged this disgraceful facility. And after campaigning on restoring our personal liberties, as president he has enlarged the powers of the Executive branch of government in ways that even George W. Bush never contemplated.. For instance, while you were celebrating New Years Eve, the President was surreptitiously signing the National Defense Authorization Act (when no one was looking). That Act, among other things, unequivocally authorizes the US military to seize individuals anywhere in the world (at home or abroad) and hold them for life in a military detention facility, without a trial or any other legal recourse. My guess is that 9 out of 10 Americans never even heard of this abomination to our civil liberties, as it was intentionally M.I.A. (missing in action) from the Mainstream Press.

The truth of the matter is that Candidate Obama's eloquent words, which champion the so-called 99%, vs. President Obama's diametrically opposite actions, which view the American people as potential adversaries to be controlled should they demonstrate their constitutional right of civil disobedience, is profoundly troubling.

The definition of Fascism is the partnership of Corporate and Government power. With the Republicans offering nothing and the two Obamas not to be trusted, the only hope for the restoration of the America some of us are old enough to remember lies with the awakening of the people. Anybody conscious out there?

January 29, 2012

Comment from Gerald Celente of The Trends Journal

Amen! I'm with you...except to add Direct Democracy...let the people, not paid off politicians vote on critical issues that affect their lives.


----- Original Message -----
From: "General Request Handler"
To: "Gerald Celente" ; "TRI Admin"
; "Cassandra Currie" ;
"Zeke West" ; "Emily Arter"

Sent: Monday, January 02, 2012 8:09 AM
Subject: General_Request: "Charles Steinhacker" ferote@bcn.net

MY WISH LIST FOR 2012

MY WISH LIST FOR 2012

1. Eliminate all private money from politics. Everyone running for office shall receive the same amount of public money, and not a penny more.

2. A law must be passed that overturns the Supreme Court's incomprehensible decision that permits corporations and unions to contribute unlimited amounts of money to political campaigns.

3. Abolish all lobbying. The president, the senate and the congress shall represent the people who elected them, and no one else.

4. Establish once and for all that white collar crime is an enforceable felony. In China, they take them out in back and shoot them.

5. Regulators must protect us by regulating the industries that we pay them to regulate instead of protecting those industries while placing the rest of us at risk.

6. When corporations behave badly, We the People must boycott the products of those companies. It is the only strategy that they will understand. Otherwise, they will continue to run over us like steamrollers.

7. It is essential that we take our money out of the too-big-to-"jail" banks. If it is possible that we still have faith in the U.S. dollar after it has lost 96% of its value since the Federal Reserve was created in 1913, then we should place what's left of our assets in our local community banks and credit unions.

8. Abolish the Federal Reserve and replace their counterfeiting with sound money that has intrinsic value.

9. Stay out of the markets. They are all rigged. Don't wake up one morning only to discover your account is worthless like MF Global customers.

10. Study Senate Bill 1867, the National Defense Authorization Act, which would put an end to democracy in the United States. Demand that Obama veto this war on America should it land on his desk for signing.

11. Stop talking about yourselves long enough to listen to someone else for a change. Who knows, you might learn something. There really is no such thing as teaching. There is only learning. In fact, for all we know, we were all placed on this planet to learn lessons. You don't learn anything when you're the center of the universe.

12. Get off the couch. Stop obsessing with reality shows and video games and become involved. HAPPY HOLIDAYS.

December 18, 2011