Response to Various Assertions by James Jaeger
ASSERTION:
The stock market is at a new all-time high and America's 401K's are back.RESPONSE:
The stock market, as millions of Americans found out in 2000, is purely an insider's game. This is substantiated by author of Empire of Debt, Bill Bonner. No one knows what direction it will EVER take -- except for the select group that exploits all others. Accordingly, Americans' self-directed 401K plans will never replace the pension plans that were promised to them by their corporate employers, promises that have been reneged on in order to service shareholder and top executive greed. This situation throws millions of Americans into desperate circumstances (to come).Also, what most Americans may have forgotten is the fact that the Federal Reserve, as of March 2006, does not report on M3, Eurodollars or, most importantly, repurchase agreements.(1) A repurchase agreement is "a short-term sale and subsequent repurchase of securities by a bank or other financial institution."(2) Huh, what does this mean? It means, in effect, the Fed is in a position to literally enter the bond market AND the equity market (i.e., the stock market) and purchase securities. That's fine, but where does the Fed get this money? They monitize debt, i.e. they create money out of thin air. (See FIAT EMPIRE at http://www.mecfilms.com/fiat) This thus gives the Fed the ability to enter the stockmarket and buy ANY AMOUNT of securities, no matter how much the market is falling. Purchasing securities creates demand for them. This demand causes their price to RISE. This is, in effect, a way to ARTIFICIALLY raise prices, to artificially bolster a bear market thus hide underlying flaws in the economy which are SUPPOSED to show up in a FREE capitalistic market. Is it any wonder the stock market is suddenly "doing so well." Is the stock market REALLY at an "all-time high"?
ASSERTION:
Unemployment is at 25-year lows.RESPONSE:
Still, all the high paying jobs are gone, many to places like China. Many people can't find a job paying even more than $10 per hour. Both parties as well as GAAP and NAFTA are to blame.
ASSERTION:
Oil prices are plummeting.RESPONSE:
Now that the election is over, as predicted, gasoline prices are back on the rise. For instance, just prior to the last mid-term election in November, the corner Gulf in this area posted a price of $2.22 per gallon. This morning, December 1st, it was $2.36 per gallon. The world has hit peak oil. We are half out of oil. There will never be more oil in the world than there is today. Every year demand will increase by 2% and supply will decrease by 2%. (See Twilight in the Desert by Matt Simmons)The only way out of the oil crisis for the long-term is FUSION and SOLAR power. (See Earth's Energy Problem by James Jaeger at http://www.jaegerresearchinstitute.org/articles/energy.htm
ASSERTION:
Taxes are at 20-year lows.RESPONSE:
That's because the gov doesn't get most of its money from taxes. It gets it from borrowing, more specifically from monetizing debt. Debt is now $8.6 trillion. (See FIAT EMPIRE to get a better picture of how this happens. http://www.mecfilms.com/fiat)
ASSERTION:
Federal tax revenues are at all-time highs.RESPONSE:
Most of the nation is spending money from credit cards and equity lines against their homes. They are now tapped out. This "income" generated by companies and people is thus only an illusion.
ASSERTION:
The Federal deficit is down almost 50% (just as predicted) over last year.RESPONSE:
The national DEBT is higher than it has ever been in history. At this writing it is $8,636,001,000,000. It's so bad, no one even MENTIONS the word "debt" -- they only mention the word "deficit". This is a smokescreen. (See the Debt Clock at http://zfacts.com/p/461.html)
ASSERTION:
Home valuations are up 200% over the past 3.5 years.RESPONSE:
That's because of the real estate bubble caused by the lending of excessive amounts of fiat money (paper money and credit created by monetizing debt). There is now a bank or gasoline station on almost EVERY single major corner in America. Look around. Wonder why? Because the banks and the oil companies are milking society dry. Real estate is now down. More bank loans are in default that ever before. It's a function of interest rates. Remember, the Fed MUST keep the cost of money artificially low. They must also encourage continuous lending through fractional reserve as well as the monetizing of new debt. This incessant lending is why there MUST be a bank on almost every major corner and a credit card MUST be in almost every wallet -- otherwise the bank-gov-military complex will NEVER be able to continue their ponzzi scheme of rolling over the $8.6 trillion national debt. WE ARE THUS IN FOR SOME SERIOUS TROUBLE in the words of Rep Ron Paul (R-Texas). This is the responsibility of both the Dems and GOP because both parties have been infiltrated by people who have been in essence taking "payola" in the form of excessive campaign contributions from corporations -- and, in many cases, corporations that aren't even AMERICAN, but MULTI-national corporations. In other words, these multi-national corporations don't share all of the concerns of Americans. (See Empire of Debt by Bill Bonner)
ASSERTION:
Inflation is in check, hovering at 20-year lows.RESPONSE:
Inflation is NOT in check at all. The figures the gov quotes are bogus. Many items have been dropped out of the CPI (such as energy and food) to give an artificial view of inflation. Actual inflation is closer to 5 to 7 percent a year. The gov falsely claims it's 2 to 3 percent. This misrepresentation is fraud.
ASSERTION:
Not a single terrorist attack on U.S. soil since September 11, 2001.RESPONSE:
The terrorists will most likely cease attacking us if we do the following:1) Stop using excessive amounts of Arab/Muslim oil;
2) Get our military out of their lands and away from their Holy shrines;
3) Stop broadcasting licentious TV programs and movies into their lands;(3)
4) Stop depicting Arabs as the bad guys in movies as has been done for 50 years by Hollywood;
5) Stop giving money to Israel so they can develop endless amounts of nuclear weapons.Since the public has been moving in the direction of addressing 1 - 5, the attacks have attenuated. ASSERTION:
Osama bin Laden is living under a rock in a dark cave, having not surfaced in years, if he's alive at all, while 95% of Al Queda's top dogs are either dead or in custody, cooperating with U.S. Intel.RESPONSE:
1.3 billion Arab/Muslims willing to use asymmetric tactics and suicide bombing can defeat 300 million Americans any day, any time, no matter what we spend on our military. It's simple math. Osama bin Laden has made his critisms available in open letters to the American People and it is probable he's not under any rock, but living quite nicely through the support of some or all of his 50+ brothers, sisters and/or other family members. Blood is thicker than water, so no matter what the Saudi's or the bin Laden family says in public, you can bet a significant portion of them are taking care of brother Osama quite nicely. And of course, this will continue because Osama is from Saudi Arabia, the country which sells the U.S. military and fat Americans in SUVs a significant amount of oil. Thus the U.S. will never step on Saudi Arabia's toes (too hard) or on the toes of one of its brothers unless it wants to be cut off from the oil -- or unless it wants to cause an outright revolt in Saudi Arabia by the citizens that hate the Kingdom, i.e., a majority of the population. This is, of course, the real reason the gov downplayed the fact that 15 out of the 19 hijackers were FROM Saudi Arabia. The people of Saudi Arabia in general disdain Americans because we are preempting oil they need for their burgeoning population. The only ones that love us are in the royal family, with whom the U.S. gov has a sweetheart deal for oil. Even if disgruntled citizens of the Kingdom fly a few jets into our buildings, this is an insignificant glitch in an otherwise multi-trillion dollar business arrangement between the Saudi and U.S. governments. And of course the American people are partly responsible for this because they have allowed their government to operate out side the confines of the Constitution. See Sleeping With The Devil by Robert Baer.
ASSERTION:
Several major terrorist attacks already thwarted by U.S. and British Intel, including the recent planned attack involving 10 Jumbo Jets being exploded in mid-air over major U.S. cities in order to celebrate the anniversary of the 9-11 attacks.RESPONSE:
Hey, there were no major attacks during the Clinton or the former Bush administrations either. We will never know what bad things didn't happen. Every year Americans celebrate the bombing and defeat of Britain, so are we bad for that? War, and the mentalities that wage it to gain imagined solutions, are often quaint.
ASSERTION:
Just as President Bush foretold on a number of occasions, Iraq was to be made "ground zero" for the war on terrorism -- and just as President Bush said they would, terrorist cells from all over the region are arriving from the shadows of their hiding places and flooding into Iraq in order to get their faces blown off by U.S. Marines rather than boarding planes and heading to the United States to wage war on us here.RESPONSE:
Because the U.S. went into Iraq we have seriously antagonized the Arab/Muslim world. It is now clear, at least according to Bill O'Reilly last night on THE FACTOR, that we have failed in our attempt to make Iraq a democracy. Further, according to O'Reilly's conversation with Newt Gringrich last night, what it looks like will happen is some strong-arm dictator will have to emerge. Iraq will thus effectively be right back to where it was with Saddam. Another Saddam will thus probably be the only one to keep all the factions under control. It looks like Western minds simply have failed to comprehend their ways and politics so it was incredibly naive, stupid and wasteful for us to have removed Saddam. We will soon see why Saddam did all the brutal things he did in order to maintain control over Iraq. The West is young and dumb. We have flexed our teenage muscles while the 1000-year plus cradle of civilization yawns in amusement. The only people that DESERVE a democracy is a country of people that demands and fights for it. Like we did. Democracy, as desirable as it is, can't always be exported, as we are hopefully learning.
ASSERTION:
Moreover, bear in mind that all of the above occurred in the face of the 1999 tech crash,RESPONSE:
There never WAS any tech crash. The crash was ONLY in the stock market. Technological advancement has proceeded at an exponential, uninterrupted rate since 1999. See The Singularity is Near by Ray Kurzweil.
ASSERTION:
the epidemic of corporate scandals throughout the 90's, and the 9/11/01 terrorist attacks on NYC years in the planning , which collectively sucked 24 trillions dollars and 7.8 million jobs out of the U.S. economy even before G. W. Bush had time to unpack his suitcases in the White House.RESPONSE:
All this is a function of NAFTA and GAAP as Ross Perot warned us about. Also, the U.S. Congress is now dominated by multi-national corporate interests that have no need for the concerns of American citizens to a great extent. After all, these entities sell to the WORLD -- thus America is just one of many customers.
ASSERTION:
It's easy to attempt to discredit, disgrace and defame our commander in chief, George W. Bush; what's not so easy to do is to refute irrefutable facts, no matter how they might try.RESPONSE:
George Bush should not be discredited or blamed for all of the problems. The problems we have today were created well before Bush arrived. It's a wonder he has been able to hold it all together as much as he has. Bush's basic mistake in office is he took us into Iraq. He should never have done that, but he was probably just doing what his father and oil establishment advisors, like Dick Cheny, told him to do. The money that has been spent on the war in Iraq should have been allocated into alternate energy development. Had this been done, many of the "reasons" we "must" fight could have been removed by now.See Overthrowing the Corporate Government by James Jaeger at http://www.jaegerresearchinstitute.org/articles/overthrow.htm
01 December 2006
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(1)"Discontinuance of M3 -- On March 23, 2006, the Board of Governors of the Federal Reserve System will cease publication of the M3 monetary aggregate. The Board will also cease publishing the following components: large-denomination time deposits, repurchase agreements (RPs), and Eurodollars. The Board will continue to publish institutional money market mutual funds as a memorandum item in this release. Measures of large-denomination time deposits will continue to be published by the Board in the Flow of Funds Accounts (Z.1 release) on a quarterly basis and in the H.8 release on a weekly basis (for commercial banks). M3 does not appear to convey any additional information about economic activity that is not already embodied in M2 and has not played a role in the monetary policy process for many years. Consequently, the Board judged that the costs of collecting the underlying data and publishing M3 outweigh the benefits." Source: http://www.federalreserve.gov/releases/h6/discm3.htm Also see http://www.jeffvail.net/2005/12/peak-behind-curtain.html(2) See http://www.jaegerresearchinstitute.org/articles/fedreports.htm
(3) Since Hollywood is dominated by liberal, Jewish males, it's particularly antagonistic to Arab/Muslims to be bombarded by material produced by people many of them consider enemies. (See HOLLYWOOD WARS by John Cones at http://www.marquettebooks.com/massmediabooks/hollywoodwars.html)
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