Sept. 29, 2008
Act II From The Wilderness' Peak Oil Blogby Michael C. Ruppert
For years I have told you exactly what was going to happen and it has. Today's economic meltdown, with the Dow dropping 777 points and $1.2 trillion in equity lost is no exception. In our second FTW Economic Alert back in 2002 I predicted a market crash that saw $1 trillion in shareholder equity lost in the following three months. -- $1.2 trillion was destroyed just today. That and much more.
In FTW's fourth and last Economic Alert(http://www.fromthewilderness.com/free/ww3/061406_abyss_awaits.shtml)-- just 11 days before our offices were burglarized on June 25, 2006-- I specifically warned that this day (metaphorically speaking) would come. What prompted that alert was an unprecedented move by President George W. Bush to give the National Director of Intelligence, John Negroponte, the authority to exempt "certain" Wall Street firms and banking giants from reporting their financial records to the Securities and Exchange Commission. It was this move which permitted everything that has happened over the last month. That move allowed smaller banks and investors to continue buying pigs (without lipstick) in a poke while average Americans were led to believe that everything was OK. If you don't believe me, go read the Economic Alert for yourself. It's all right there -- everything.
And if you had followed every piece of advice I gave in that warning-- two years ago -- today's events would have made you money. They would have strengthened your family. They would have made you immune to the panic that today touched American public consciousness.
Gold is likely to explode in price in short order. $2,000 an ounce is possible within six months.
Since 2003 I have told my readers that the destruction of the U.S.economy was planned, essential and a foregone conclusion. It has to do with Peak Oil. There is no economy without energy. The world is running out of oil faster than almost anyone had predicted. Even previously optimistic opponents of Peak Oil have acknowledged that global decline is now between 5.8% and 9% per year. That means that if the world produces 85 million barrels per day this year, it will possibly produce less than 80 Mbpd next year. Demand destruction is conserving a resource for which there is no replacement and this is what has always been intended. An $8 drop in price today has done nothing to reignite demand. The United States, with 5% of the world's population using a quarter of the world's oil, was/is the ONLY point of demand destruction available that will save human industrialized civilization. I have said that consistently for many years. I told you that the real Powers That Be had gotten or would get their money out and safe before they crashed everything. They did... It was your money. It was our money.
Those who read FTW for years know that time after time, and year after year my predictions have been proven correct. The United States economy is being deliberately destroyed. The fact that it was Republican House members who blocked the bailout today confirms that they are helping the Bush Administration complete its last mission before leaving office: the complete destruction of the American economy and the financial crippling of the American people. I believe the intent is, and has been, to leave a newcomer African-American president with an economy on life support which will expire early in his watch. Every Obama campaign ad that now promises to "turn the economy around" only tightens the noose around his neck. The subconscious "Jerome Corsi" message is, "Blame the blacks" next year when you get it that the Great Depression was a picnic compared to what is coming.
This is now the fast crash scenario. It is further complicated by two things.
First; today's failure coincidentally occurred at the beginning of Rash Hashana. I am not suggesting that Jewish members of congress had any part of this. It would not be, however, the first time that great crimes have been committed and subsequently blamed on Jews. The subconscious "Jerome Corsi" message is "Blame the Jews". Congress will now not reconvene until Thursday, October 7. Seeing the meltdown and collapse of the U.S. financial system, and the failure of the U.S. government, a two-day congressional stand down will give other nations time to realign and adjust their finances before it is possible to see another House vote. In my opinion foreign economies will been energetically disengaging from the U.S. economy and the dollar in tranches as big as possible without totally destroying the value of their holdings. During that time, with the markets open, giants like Citigroup (not the only one) will be exposed. They have been counting on the bailout. Citigroup may survive but others will not. The ones who do survive will ultimately be corporations that have been in on this plan. Goldman Sachs will most certainly survive. Berkshire Hathaway will undoubtedly survive.
Just a few days ago China ordered its banks to stop lending to U.S. banks.
Second; Venezuela, North Korea, Russia, rebels in Nigeria, and pirates off Somalia are becoming increasingly more aggressive. They do this not with the intent of physically attacking the United States itself, but with breaking its credibility and economic back. The U.S. has been humiliated in Georgia and North Korea is firing up its nuclear plants again. I have predicted this for years also and it is totally understandable given the belligerent, hostile and bullying foreign policy of the United States over the last eight years. I predict tha ton the geopolitical scene we are going to see (or not) some very serious realignments beginning over the next two weeks. They will be irreversible. The world is fragmenting along purely geographical lines. Yes, I predicted that too.
I AM IN PERSONAL DANGER NOW
But it doesn't matter. I have broken an unspoken deal with the government to remain retired and not speak out. The legal harassments against me continue and I have just now crossed my own Rubicon. I am now preparing for physical attacks in the hopes that they do no toccur. You who know how right I have been can help protect me by speaking my name in public, by writing to media outlets, to Congress and telling them about "Crossing the Rubicon" and our incredible record at FTW.
Given that we predicted all of this, is it not reasonable to expect that someone might look to us and our work forsolutions? Isn't it reasonable to point others to the map we made? Isn't that the right thing to do? Given that everything I have predicted is coming true; given that we are witnessing the planned destruction of the U.S. economy; given that it was Republican members of congress who delayed the bailout bill...is it still so impossible to believe that Dick Cheney orchestrated and executed 9-11? They have almost handed off the carcass and evidence to a doomed Obama presidency. Oh yes, he'll win in a landslide... while the Bushes and their "base" will be laughing all the way to the bank. Please help protect me. Speak my name. Please help others. Point them to "Rubicon" and the FTW archives and teach them the map so they canfind their own paths through this.
It is a good day to die.
Michael C. Ruppert
"Fascism ought more properly be called corporatism because it is theperfect merger of power between the corporation and the state." --Benito Mussolini
Here is another piece of anecdotal evidence that the US government has no money, and the crash is here.
Medical professionals across the country have always had difficulty getting paid by Medicare for their services. Medicare is famous for creatively denying medical claims.
This year, Medicare has pulled a new one. Claiming that they are updating their computer systems (which they are---they are trying to electronically centralize medical information from across the country), they have forced medical practices to "re-register". Pending the processing of these new registrations, Medicare has frozen all payments. Medicare has offered no promises on how long "processing" takes.
Some practices have received NO PAYMENTS for almost one year, and 1. have not heard back from Medicare 2. have had their applications denied for no reason, or returned to them for new rounds of "processing", or 3. Medicare has "lost" the paperwork altogether.
Larry Chin (from Online Journal)
