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Friday Road Trip 1/22/2010
We have arrived at a point in our nation's history that will
define how our future will unfold. There are now only two Roads left to take:
The First Road continues our
relentless pursuits of power, control and manipulation that can only spell
destruction in our future: destruction of our liberties, destruction of our
prosperity and destruction of our moral compass. For too long our CONTROLERS
have lied, cheated and stolen their way to the top only to discover that WE
THE PEOPLE have been left behind in the process.
The Second Road completely destroys
the global fiat monetary system erasing all forms of false wealth, false
power and false governance. It is truly a Creative Destruction Event that has
never been witnessed in the history of the world. All paper and electronic
forms for wealth will evaporate in the blink of an eye completely leveling
the playing field in order to rebuild our monetary structures from the ground
up. It is a lesson to be learned the hard way but it is a necessary lesson in
order to create a new future for our country. A future built on hard work,
complete honesty and good will.
Our species and planet are crying out to be saved…the only
question left is which Road we will choose.
Bank of England -- Families Face Years of Pain
Amazingly, right on queue, the good guys are coming out of the
shadows to speak the truth to the people of the world. Here's the latest from
the most unlikely of people…the Governor of the Bank of England, Mervyn
King:
"The patience of UK households is likely to be sorely
tried over the next couple of years," Mr King said, dashing hopes that
Britain could recover quickly from the deepest slump in post-war history…
"It is clear that inflation is likely to pick up markedly in the first
half of this year, a message reinforced by this morning's news that CPI
inflation reached 2.9 per cent in December. The rise in VAT back to 17.5 per
cent means that CPI inflation is likely to rise to over 3 per cent for a
while, or even higher for even longer were energy prices or indirect taxes to
increase further."
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7030904/Families-face-years-of-pain-says-Bank.html
For the ESTABLISHMENT to finally admit the problems are
massive is a clear sign the end game is upon us. The plan all along was to
run the printing presses until they no longer served our interests… and
we have arrived at that point. The tell tale signs are springing up
everywhere.
As such, we will soon see the END of the long term
manipulation of gold and silver...but be prepared for massive volitility in
the process.
FDIC Has MANY Problems
The FDIC is in trouble. Unfortunately, they have modeled themselves
after AIG in that they have insured Trillions of dollars of assets and have
nothing to back it up with. The US Treasury has granted them a $500B line of
credit but the Treasury is smacking up against the US debt ceiling. Sheila
Bair has said publically that that "a few large banks will need to
fail" but there is no money to bail them out.
Let's take Citigroup for example who just released their
latest earnings disaster with a 4th quarter loss of $7.6B.
http://www.citibank.com/citi/press/2010/100119a.htm
Why in the world ANYONE would keep their money with this bank
in beyond me, but they claim to have over $300B in FDIC insured deposits! And
that's not all…. the FDIC has also Guaranteed over $300B in Toxic Asset
Garbage owned by Citigroup! AND THAT'S JUST ONE BANK!!!
It's Friday again and I highly recommend watching the Friday
Night Bank Failures for some high drama tonight. Here's the link:
http://www.fdic.gov/bank/individual/failed/banklist.html
JPM trying to Corner Physical Commodity Trading
There can be no doubt about it…JP Morgan is trying to
take control of the entire global commodity complex which includes gold and
silver. Their latest attempt at gaining complete control is their bid to take
over RBS Sempra Commodities.
http://www.ft.com/cms/s/0/573d42aa-05c0-11df-88ee-00144feabdc0.html
For those who aren't familiar with Sempra Commodities, they
are a major ring leader in the Banking Cabal's control of the LBMA
gold/silver manipulation fraud. Here's their website and business model:
http://www.rbssempra.com/
"In precious metals, we have the depth of knowledge to
provide a highly competitive service to major consumers, producers and other
market participants. RBS Sempra Metals is a founder member of the London
Bullion Market Association (LBMA) and a member of the London Platinum and
Palladium Market (LPPM)."
Our services include:
Cash
Forwards
Averaging/over-the-counter (OTC) swaps
Options
Structured products
Leasing
Basically, Sempra rigs the LBMA much like JP Morgan rigs the
COMEX/NYMEX. Notice the full array of gold and silver derivatives such as
Forwards, OTC Swaps, Options, Structured Products and Leasing. Remember that
according to the CFTC the LBMA is considered a "Physical Market"
and the CFTC makes judgments on COMEX positions and price movements based
partially on their understanding that the LBMA is THE gauge for the gold and
silver physical markets.
Proof of this can be found in the May 2008 CFTC Report on
Silver Manipulation:
http://www.cftc.gov/ucm/groups/public/@newsroom/documents/file/silverfuturesmarketreport0508.pdf
"Staff in 2004 also examined the relationship between
NYMEX silver futures prices and cash market silver prices to determine
whether NYMEX prices appeared to be unusually or significantly out of line
with cash prices. The analysis showed that, during the period 2000 through
mid-2004, the average price of silver on NYMEX was essentially equal to
prices on the London Bullion Market (LBMA) and the U.S. cash market
(Bloomberg composite). This analysis demonstrated that, whatever factors were
impacting NYMEX futures prices, these same factors were also affecting the
underlying silver cash market. Thus, the positions of short futures traders
on the NYMEX did not appear to cause futures prices to decouple or move
independently from the cash market."
I called the CFTC out on this bogus report in my Road to Roota
Article:
CFTC: 6 Strikes and Yer Out!
http://www.roadtoroota.com/public/138.cfm
Let's not forget that JPM has the monster COMEX silver short
position according to Ted Butler and at the same time is the
"Custodian" of the iShares Silver ETF (SLV) which CLAIMS to hold
over 300M oz of physical silver. Whether of not that silver is REAL .999
silver or some other form (can you say Tungsten Gold?) is a matter of debate.
JP Morgan is now taking over full control of the commodity
trading complex.
WAIT: Obama has just proposed "new rules" and GUESS
WHO he just consulted with…PAUL VOLCKER!
"The proposals, to be added to an overhaul of regulations
being considered by Congress, would prohibit banks from running proprietary
trading operations solely for their own profit and sponsoring hedge funds and
private equity funds."
"While the financial system is far stronger today than it
was one year ago, it's still operating under the same rules that led to its
near collapse," Obama said at the White House after meeting with former
Federal Reserve Chairman Paul Volcker, who has been an advocate of taking
such steps. "Never again will the American taxpayer be held hostage by a
bank that is too big to fail."
"The proposals could affect trading at some of the
nation's largest banks, including New York-based Goldman Sachs Group Inc.,
Morgan Stanley and JPMorgan Chase & Co., said Frederic Dickson, chief
market strategist at D.A. Davidson & Co. in Lake Oswego, Oregon. Banks
conduct proprietary trading for their own benefit, not for that of their
clients."
http://www.bloomberg.com/apps/news?pid=20601087&sid=an1RUYC9UqAY
So the Battle for Control of the World has taken another turn
on the Road to Roota!
The Tale of Two Economic Teams
That discussion leads me right into a discussion of Obama's 2
Economic Teams and how they might be situated to deal with different
scenarios as they unfold.
Team #1 = The Market Manipulation
Team
I have written extensively about Obama's current Economic team
which includes Tim Geithner, Larry Summers and Austan Goolsbee.
US Operation Confidence Con
http://www.roadtoroota.com/public/149.cfm
Geithner Plan = Sustained Market Manipulation
http://www.roadtoroota.com/public/150.cfm
The Catastrophic End to Market Manipulation
http://www.roadtoroota.com/public/109.cfm
Basically, this team was put in place to continue the market
manipulation practices of the past 40 years. With Geithner continuing the
computer market rigging operations he headed at the NY Federal Reserve and
the Summers/Geithner team spear heading the false market perception angle
that both are experts in. Their theory is that Market Perception guides
Market Reality and not the other way around. Of course the problem comes when
the market stops believing the false hype, the false numbers and the false
projections.
Unfortunately, we have arrived at that moment in
time….ashes to ashes….
Team #2 = The Post Crash Recovery
Team
I have talked a lot lately about Paul Volcker being on the
side of the "good guys" who are taking down the banking cabal.
http://www.roadtoroota.com/members/126.cfm
http://www.roadtoroota.com/members/158.cfm
http://www.roadtoroota.com/members/165.cfm
I really stumbled upon hints of his involvement a few years
back while analyzing another theory related to an article I will present in
the next few months (it's not fully baked yet). Once I had him in my sights
as a potential good guy EVERYTHING he has done in the past year has
reinforced this theory.
Knowing that he is a good guy, it makes sense that he is in a
position to pick up the pieces of our monetary system when the final monetary
crash takes place…which is any day now. Just listen to Obama in
yesterday's press conference…
"I'm proposing a simple and common-sense reform, which
we're calling the 'Volcker Rule' after this tall guy behind me. Banks
will no longer be allowed to own, invest, or sponsor hedge funds, private
equity funds, or proprietary trading operations for their own profit,
unrelated to serving their customers. If financial firms want to trade for
profit, that's something they're free to do. Indeed, doing
so--responsibly--is a good thing for the markets and the economy. But these
firms should not be allowed to run these hedge funds and private equities
funds while running a bank backed by the American people."
http://blogs.wsj.com/marketbeat/2010/01/21/obama-goes-long-volcker/
WOW! Does that mean that JP Morgan and friends are being told
to STOP the rigging of the commodity markets? Only time will tell.
But all this reinforces my theories on Paul Volcker and the
likelihood that the crash is about to hit. As a matter of fact, the title of
Volcker's Economic Team is the "President's Economic Recovery Advisory
Board" which should tell you something about what's about to happen!
I believe that Volcker and his team have been preparing for
the implementation of the NESARA Act or some version thereof:
http://nesara.org/bill/index.htm
My Prophecy of a major January monetary collapse is looking a
lot like a REALITY the closer we get to the end of the month.
Will Obama Whack Geithner and Anoint Volcker?
http://wallstreetpit.com/14709-will-obama-whack-geithner-and-anoint-volcker
Be prepared for the chaos to hit at any moment.
May the Road you choose be the Right Road.
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