I was horrified recently when I learned that the state of Virginia plans to put toll booths on Interstate 95.

Talk about a stupid idea!

I used to spend many hours traveling up and down Interstate 95.  It is a traffic nightmare and the last thing anyone needs is for it to become even more congested.

But that is what is going to happen.

So why are they doing this?

Well, it is another way for them to make money.

This is happening all over the nation.  State governments are taking roads that have already been paid for and they are turning them into toll roads.

I am very highly offended by this.  But amazingly, most of the politicians that are doing this keep getting voted back into office.

Another example is the 520 bridge in the Seattle area.  The 520 bridge is the primary connection between Bellevue and Seattle and it has already been paid for.  A lot of hard working people use that bridge to get to work.  But now they are slapping toll booths on it.

Will we eventually live in an America where almost all of the major roads are toll roads?

Don’t laugh – we get a little bit closer to that every month.

It is just another way that government has found to suck us dry.

What is worse is when state governments sell roads that have already been paid for to foreign companies.  These foreign companies are allowed to put up toll booths and charge an outrageous amount of money.

These deals give state governments an immediate injection of cash, but they also subject their citizens to abusive tolling for decades to come.

Of course when it comes to taking our money, the biggest offender is the federal government.

Did you know that when the federal government implemented a personal income tax back in 1913, the vast majority of the population paid a rate of just 1 percent?  The highest marginal rate was just 7 percent.

I sure wouldn’t mind paying 1 percent today.

But we all know what has happened since that time.

Now Barack Obama wants to raise taxes once again.  Obama is portraying his plan as a tax on millionaires, but the reality is that there is a whole lot more to it than that.

The truth is that what he has proposed is so ridiculous that even Bill Clinton is against the Obama tax plan.

You see, the government has learned not to use the word “tax” so much.  Instead, words like “fees”, “fines”, “contributions” and “deductions” are used a lot more often these days.  A recent article posted on Yahoo News documented some of the “fees” that are peppered throughout the Obama tax plan….

Airline passengers would see their federal security fees double from $5 to $10 for a nonstop round-trip flight and triple to $15 by 2017, raising $25 billion over the coming decade. Federal workers would face an additional 1.2 percentage point deduction from their paychecks to contribute $21 billion more for their pensions over the same period. Military retirees would pay a $200 fee upon turning 65 to have the government pay their out-of-pocket Medicare expenses. They’d also pay more for non-generic prescription drugs.

But it is not just the federal government that is doing this kind of thing.

For example, CNN recently profiled Ray Garcia, the owner of Prestige Limousines in Boca Raton, Florida.  Garcia says that complying with government regulations takes up most of his time and he says that the fees are absolutely outrageous….

We will start with Miami, which is Dade County. You have to buy a permit, which costs anywhere from $10,000 to $15,000. Once you acquire that permit, you have to find a vehicle to put that permit on. And it has to be no older than five years old. Once that car is five years old, you have to go out and buy a new one, no matter what kind of condition you keep it in.

You have to get the car inspected every year. And you have to renew the luxury sedan permit every year. It would be better if you could buy just one permit for your entire fleet. But you have to buy one for each car and each car permit costs $675.

It is getting really, really hard to run a small business in the United States today.  Politicians love to give speeches about how much they love small businesses, but when they get into office they just soak them dry.

The number of small businesses in this country continues to shrink.  According to the Bureau of Labor Statistics, 16.6 million Americans were self-employed back in December 2006.  Today, that number has shrunk to 14.5 million.

Life is especially tough for small businesses that try to carry employees.  Things have gotten so bad at this point that it is really hard to justify the expense of hiring new workers.  There are so many rules, regulations and taxes that it is almost always more trouble than it is worth for small businesses.

In a recent column, Charles Hugh Smith shared what one small business owner told him about why he is so hesitant to hire new workers these days….

Once I hire someone, I am party to a relationship that is full of risk. What usually happens is the “check harvesting” situation where just enough work is done to extract a paycheck. I am on the hook for matching Social Security tax, medicare tax, city occupational tax, unemployment tax, federal unemployment tax, workers comp insurance and all the abuse that goes along with that system. I have to withhold State and Federal income taxes with ridiculous penalties for late payments. Often I will get served with a garnishment or child support levy for an employee, and I am on the hook for all this. If I fail to withhold on a garnishment I become liable to pay the debt.

After reading that, can you understand why so many small businesses are not eager to hire more people?

The government is sucking all of the life out of the economy.  Even the smallest businesses get cracked down on hard.

As I have written about previously, all over America lemonade stands that are run by little children are being shut down by police because they are not complying with government regulations.

We have become a nation that is run by bureaucrats.

You know, things ran pretty darn well back before we had an army of bureaucrats running everything.  We had the greatest economy on the face of the planet and things were rolling along pretty good.

But now federal bureaucrats even tell us what kind of light bulbs we are allowed to buy.  (Thank you George W. Bush for sticking it to us with that one.)

If you really stop and think about it, there are very few things that we are still free to do in America today without getting government permission first.

Yes, I know that sounds ridiculous, but if you will stop and really think about it you will see that is correct.

The government has taken all of the joy out of a lot of things that used to be so much fun.

When I was young, I loved to go to the airport.  Flying on a plane was very exciting and most people seemed to really enjoy the process.

But today, our airports have been turned into prison grids.

Did you know that now the TSA says that it has the right to check our hair for explosives?

Yes, you read that correctly.  The following is a brief excerpt from a local NBC News report about one lady that was deeply offended recently when the TSA searched her hair….

Two TSA agents told her she could not go any further until they checked her hair for explosives, Brantley said.

She said she reluctantly allowed them to do it. The agents patted her hair down right there instead of asking to return to a private area for screening.

“And so she started patting my hair, and I was in tears at that point,” Brantley said. “And she was digging in my scalp.”

How would you feel if some TSA goon was running his fingers through your hair?

But we are not seeing this type of security just at airports.  The federal government is even pressuring private businesses to crack down on “suspicious activity”.  For example, NPR recently did a story on the nightmarish security that has now been implemented at Mall of America….

Mall security reported one man because he was sitting on a bench in the corridor, “observing others while writing things down on a note pad.” They worried he might be a terrorist “conducting surveillance.” Turned out he was a musician waiting for a friend. Three security guards surrounded another man because they thought he was looking at them “oddly” and walking “nervously” through the amusement park; he turned out to be an insurance company manager, shopping for a watch for his son.

Do you want to be regarded as a “potential terrorist” every time you go to the mall?

That is what this nation is turning into.

In America today, we are all “potential enemies” and the government always knows better than we do.

Sadly, government keeps trying to even take away the freedom to raise our own children the way that we want to.

According to Natural News, a new law in the state of California will allow health officials to vaccinate children as young as 12 for sexually-transmitted diseases without having to get the approval of parents….

California’s Assembly Bill 499 has already quietly passed both the California House and Senate, and today sits on the desk of Gov. Jerry Brown where it awaits his signature. The bill, which is only a single page in length, contains specific language that will allow children as young as 12 to opt for sexually-transmitted disease (STD) vaccines like HPV (Gardasil, Cervarix), Hepatitis B, and any future vaccines developed to treat STDs, without having to attain parental consent.

The ways that the government is intruding in our lives are endless.  They are putting “smart meters” into our homes, they are putting surveillance cameras in school cafeterias, and in some areas they are actually digging around in our trash to make sure that we are recycling properly.

If you want to live in a totalitarian police state, there are dozens of choices to pick from all over the globe.

This is supposed to be America.

This is supposed to be the land of the free and the home of the brave.

But right now, government is becoming a little bit more oppressive every single day.

We need millions of Americans to stand up and start talking about these issues, because you will notice that neither major political party is even talking about the horrible abuses of our freedoms that is going on.

Most of us just want to live our lives, and if the government would stop interfering with us so much that would make things a whole lot easier.

So do you think that the government should get off our backs?  Please feel free to leave a comment with your opinion below….

Allison appeared as a guest on Infowars Nightly News yesterday.

Allison was the victim of a vendetta that was being pursued by the state despite the fact that every other case brought against citizens for filming cops had collapsed. A judge slapped Allison with five separate 15-year sentences for “eavesdropping,” four of which involved Allison filming police officers during a dispute over cars he was working on at his home in Bridgeport, and another related to Allison bringing a tape recorder to trial after he was told there would be no official transcript of proceedings.

“A statute intended to prevent unwarranted intrusions into a citizen’s privacy cannot be used as a shield for public officials who cannot assert a comparable right of privacy in their public duties,” wrote Circuit Court Judge David Frankland. “Such action impedes the free flow of information concerning public officials and violates the First Amendment right to gather such information.”

The “eavesdropping” charge was also dismissed by Frankland as completely inappropriate.

“Judge Frankland ruled that Allison had a First Amendment right to record the police officers and court employees. And while a ban on recording devices in the courtroom might be justified, he said, the eavesdropping charge was inappropriate,” reports Reason. “As applied in this case, Frankland said, the eavesdropping law “includes conduct that is unrelated to the statute’s purpose and is not rationally related to the evil the legislation sought to prohibit. For example, a defendant recording his case in a courtroom has nothing to do with an intrusion into a citizen’s privacy but with distraction.”

Frankland’s decision followed a First Circuit Court of Appeals ruling which found that, “The filming of government officials engaged in their duties in a public place, including police officers performing their responsibilities, fits comfortably within these principles [of protected First Amendment activity].”

Indeed, every similar case nationwide has concluded in all charges being dropped against the defendent. It is not illegal to film police officers in public. And yet cops up and down the country are still using intimidation tactics against citizens by threatening them with arrest for using a video camera.

Despite the clear legal precedent of such cases being thrown out, the state was determined to incarcerate Allison and throw away the key, even sending an assistant from the Attorney General’s Office to speak against him during a hearing.

Perhaps there needs to be a national activist day solely devoted to filming police officers in public to get the message across that documenting the performance of public servants is a completely natural and lawful expression of the First Amendment.

Let’s call it “Film a Cop Day” – a reminder that the First Amendment is more powerful than the threats and intimidation that victims of a law being enforced that isn’t even on the books have had to endure repeatedly for years on end.

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Paul Joseph Watson is the editor and writer for Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a regular fill-in host for The Alex Jones Show.

Americans have been promised over and over that this economic downturn is just “temporary” and that things will return to normal soon.  During this upcoming election cycle, the Democrats will swear that they have all the answers and that if we just elect them everything will be okay.  The Republicans will also swear that they have all the answers and that if we just elect them everything will be okay.

Well, both sides are lying.  The economic plans of both major political parties are a joke.  Neither of them can restore economic prosperity to this nation.

Our politicians could delay the coming economic collapse by borrowing gigantic piles of money and pumping all of that cash into the economy.  But stealing from our children and our grandchildren is not exactly sound economic policy.

Yes, the U.S. economy is in bad shape right now, but things are about to get even worse.  The long-term problems that are destroying our economy have not been fixed, and the leaks in our ship are going to continue to grow.

The following are 30 signs that the U.S. economy is about to go into the toilet….

#1 An increasing number of unemployed Americans have become so desperate that they have started to look for work overseas.  For example, the number of Americans that are submitting applications for temporary work visas in Canadahas approximately doubled since 2008.  Other Americans are willing to learn foreign languages and travel to the other side of the world if that is what it takes to land a decent job.  Just consider the following quote from a recent USA Today report….

Job placement firms are reporting a surge in American worker interest in booming economies such as Hong Kong, Singapore, China and, increasingly, India. Hunt Partners, an executive search firm, estimates that it’s getting 50% to 100% more unsolicited résumés from Americans looking for Asia-based positions today than before the recession.

#2 When Barack Obama first took office, the official U.S. unemployment ratewas 7.6 percent.  Today it is 9.1 percent.

#3 The number of Americans that are concerned that they will lose their jobs continues to hover near record highs.  According to Gallup, 30 percent of all employed Americans are worried that they will soon be laid off.

#4 After three straight years of very high unemployment, you can feel frustration and desperation in the air almost everywhere that you go.  Many unemployed Americans are now at the end of their ropes.  The following is from a testimonial that was recently posted on The Atlantic….

The most difficult part of the job search is:

1. that I don’t live near a factory or outsource outlet in China, India, or Malaysia.

2. trying not to appear desperate for a job when I am, in fact, quite desperate for a job.

3. that I am subject to everyone’s advice on how to get a job, but no real job leads.

4. that I am reminded that having a good job is not an entitlement.

5. that when I become depressed from my job search, I’m told told to cheer up or else give a bad vibe to prospective employers … yet when I become happy through non-search related activities, I am reminded that I should be looking for work

7. that when I confide to friends and family that I have “given up” to pursue more fruitful interests,  it elicits a crushing look of disbelief, disappointment, and disgust

8. waiting for permission to give up.

#5 The percentage of American men that are employed continues to plummet.  In July, only 63.5 percent of all men in the United States had a job.  Since 1948, that number has only been lower one time (63.3 percent in December 2009).

#6 Back in the 1950s, manufacturing accounted for about 28 percent of U.S. GDP.  Last year, it accounted for just 11.7 percent.  Meanwhile, manufacturing now accounts for about 25 percent of GDP in China and they now actually have more factory production each year than we do.  Sadly, Barack Obama is pushing for even more trade agreements that will send millions more of our jobs overseas.

#7 The percentage of Americans that are working low paying jobs continues to relentlessly march upwards.  Back in 1980, less than 30% of all jobs in the United States were low income jobs.  Today, more than 40% of all jobs in the United States are low income jobs.

#8 According to John Williams of shadowstats.com, after you add in all short-term discouraged workers, all long-term discouraged workers and all Americans that are working part-time because they cannot find full-time employment, the real unemployment rate should be approximately 23 percent.

#9 We are starting to see another huge wave of store closings and layoffs.  For example, the parent company of Payless stores has announced that it will be permanently closing 475 stores.  Borders is in the process of closing every single one of its 399 stores.  Also, Bank of America has just announced that it will be closing about 600 branches, and that could result in the loss of about 30,000 good jobs.

#10 Median household income has fallen for three years in a row.

#11 Americans are really starting to rack up consumer debt once again.  According to Time Magazine, U.S. consumers are on pace to collectively add 54 billion dollars in credit card debt in 2011.

#12 Student loan defaults are rising very sharply. Just consider the following excerpt from a recent New York Times article….

The share of federal student loan defaults rose sharply last year, especially at for-profit colleges and universities, where 15 percent of borrowers defaulted in the first two years of repayment, up from 11.6 percent the previous year.

#13 According to a chart in The Economist, whenever the number of newspaper articles in the Financial Times and the Wall Street Journal that mention the word “recession” goes over 1,500 in a particular quarter, the U.S. economy almost always goes into a recession.

#14 The U.S. housing crash just continues to get worse.  The index of home builder sentiment put out by the National Association of Home Builders fell once again during the month of September.  With such a glut of unsold foreclosed homes on the market, it is making things really hard of home builders.  Things have gotten so bad that even the U.S. government now owns nearly a quarter of a million foreclosed homes.  The impact of this housing nightmare on families has been absolutely devastating.  Just check out what a recent Time Magazine article had to say about what has been going on in California….

The impact on children has been brutal: since 2007, 7% of the state’s children have had a foreclosure process started on their homes, the fourth-highest level in the nation, according to a study released this month by the Annie E. Casey Foundation.

#15 Many believe that due to much tighter lending standards, it is now harder to be approved for a mortgage than at any other time since World War II.  This is absolutely crushing the housing market.

#16 Most Americans don’t seem to expect housing prices to recover for an extended period of time.  One recent survey found that 54 percent of Americans believe that there will not be a housing recovery until “2014 or later“.

#17 The combined debt of the largest GSEs (Fannie Mae, Freddie Mac and Sallie Mae) has increased from 3.2 trillion in 2008 to a whopping 6.4 trillion in 2011.  If that debt goes bad, U.S. taxpayers will be left holding the bill.

#18 There are now nearly 50 million Americans that do not have health insurance, and the percentage of Americans covered by employer-based health plans has fallen for 11 years in a row.  Meanwhile, Americans now spendabout 3 times as much on health care as they did back in 1990.

#19 The Postal Service has publicly announced that it is “on the verge” of financial collapse.

#20 The number of small businesses continues to fall.  I recently noted this fact on The American Dream Blog….

The number of “self-employed” Americans continues to rapidly shrink.  According the Bureau of Labor Statistics, 16.6 million Americans were self-employed back in December 2006.  Today, that number has shrunk to 14.5 million.  Even though we have 14 million unemployed people in this country and jobs are incredibly difficult to come by, the number of people trying to work for themselves continues to decrease because the environment for small businesses in this country has become so incredibly toxic.

#21 American consumers have become tremendously pessimistic.  According to one recent survey, 61 percent of all Americans believe that they will not return to their “pre-recession” lifestyles until at least 2014.  According to a different recent survey, 39 percent of Americans actually believe that the U.S. economy has now entered a “permanent decline”.

#22 Many U.S. investors certainly seem to believe that trouble is coming. According to CNN, last month the number of bets against the S&P 500 was the highest that we have seen in about a year.

#23 The number of U.S. households that are “doubling up” continues to grow.  According to the U.S. Census Bureau, the number of combined households has increased by 10.7 percent since 2007.

#24 When Barack Obama moved into the White House, the average price of a gallon of gasoline in the United States was $1.83.  Today it is $3.58.

#25 The number of Americans living in poverty grew by 2.6 million last year.  That was the largest increase since the U.S. government began calculating poverty figures back in 1959.

#26 Back in the year 2000, 11.3% of all Americans were living in poverty.  Today, 15.1% of all Americans are living in poverty.

#27 On Barack Obama’s first day on the job, there were about 32 million Americans on food stamps.  Today, there are more than 45 million Americans on food stamps.

#28 If there is a financial collapse in Europe, that will definitely plunge us into another recession.  Right now, things do not look promising.  At this point, headlines all over the world are proclaiming that Greece is dangerously close to defaulting.

#29 At some point soon, investors all over the globe may decide that it is time to start dumping U.S. government debt.  For example, Chinese officials are now openly talking about the need to “liquidate” their holdings of U.S. Treasuries.

#30 The U.S. national debt continues to explode in size and spiral out of control.  According to Professor Laurence J. Kotlikoff, the U.S. “fiscal gap” increased by about 6 trillion dollars last year.  In fact, Kotlikoff makes a compelling argument that Greece is actually in better shape financially than the United States is.

Do you now understand how much trouble we are in?

The long-term trends that are destroying us continue to get worse.

The United States is steamrolling directly toward an economic collapse.

When this economy hits bottom and splatters all over the place, it is not going to be easy to fix.

The America that we know today is going to be wiped out by a gigantic mountain of debt and by the consequences of decades of really bad decisions.

We were handed the keys to the greatest economic machine in the history of the world and we have wrecked it.

So prepare for really, really hard times ahead.

The era of endless prosperity is ending.

Next comes the pain.

The claim that the poll was cancelled due to “lack of interest” doesn’t correlate with the firestorm of media attention generated by Rick Perry’s announcement of his candidacy, as well as the building momentum of the Paul campaign, which went supernova after the media hoax of attempting to pretend the Congressman doesn’t exist spectacularly imploded last month.

There seems little doubt that Ron Paul would have defeated Rick Perry in the Texas Straw Poll, sending out the embarrassing message that those who know Perry’s record best, lone star state voters, have no trust in his leadership. This would have been a massive blow to the perception of Perry’s electability nationwide.

A presidential survey of voters in both candidate’s home state conducted by the Azimuth Research Group last month found that Texans would be more likely to vote for Congressman Ron Paul over Gov. Perry by a margin of 22% to 17%.

Indeed, Paul has made it a focus of his campaign, including an expensive TV commercial, to bring attention to what the Perry campaign fears the most, his outing as a globalist RINO (Republican In Name Only).

A Texas Straw Poll win for Paul would have thrown fresh spotlight on Perry’s history as a campaign manager for Al Gore, and his legacy of big government policies such as his support for the Trans Texas Corridor, toll roads owned by foreign companies, and his 1993 advocacy of Hillarycare.

It would not be the first time a straw poll was cancelled by establishment Republicans in order to neutralize a winning platform for Ron Paul’s campaign. The 2007 San Francisco straw poll was cancelled due to there being “too many Ron Paul supporters”. The Colorado straw poll was also cancelled that year, with the Adams County GOP citing the exact same reason.

The establishment media has openly attempted to unfairly marginalize Ron Paul’s campaign this year. Following a September 12 Republican debate in Cincinnati, a straw poll found Ron Paul to be the winner. However, CNN refused to release the results of the poll and instead published an online poll, omitting Ron Paul from the list of candidates.

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Paul Joseph Watson is the editor and writer for Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a regular fill-in host for The Alex Jones Show.

“Following the continued deterioration in economic data, we expect the Fed to take action in the form of a twist in the central bank’s portfolio towards longer maturity government bonds,” the Danish bank writes.

Unless we see significant improvements in economic data over the next couple of months we deem it likely that the Fed will initiate QE3 (buying either more government bonds or mortgages). This could happen either by end 2011 or early next year. We will particularly be looking to employment data, where we need sustainable and significant improvement in the coming months, in order for QE3 to be taken off the table.

The Federal Open Market Committee (FOMC) meets on Wednesday and more information on QE3 is expected at that time.

The main scenario for the Wednesday meeting will be for the Fed to start shifting its portfolio of government bonds towards holding more long-term securities and fewer short-term securities. This extension of the portfolio’s maturity is designed to push down long-term interest rates. We see this as a highly likely outcome of the meeting.

The interest rate currently stands at 0.25% and the Fed may move it down to 0.10%, “in order to increase the banks’ incentive to lend.”

Big banks, however, are not in the business of lending money to Main Street. Since the fall of Glass-Steagall, banks have been in the business of buying and selling complex derivatives and writing credit default swaps. “Fees are good, bonuses come in, and the fed or government will always be there to bail them out if things get hairy,” notes UrbanDigs.com.

Interest rates at or near 0% guarantee capital destruction. “Capital destruction is the main byproduct of monetary inflation, a concept totally foreign to the inflation engineers at the USFed and its satellite central banks,” writes Jim Willie for Financial Sense.

They are agents of magnificent systemic devastation. In the wake of each QE round are discouraged creditors who turn away in disgust. The damage and inflation feeds upon itself in stages of intense wreckage. The motive, need, and desperation for QE3 is being formed here and now, to be announced by late summer probably. Prepare for QE to infinity, endless hyper-inflation, a process that cannot be stopped, as the urgent needs grows. Any attempt to halt the process results in almost immediate total annihilation. So continuation of QE rounds serves to manage the deterioration process and guide the financial structures gradually and orderly into oblivion.

Add to capital destruction mounting inflation. The Fed considers this a good thing. “So now we are beginning to hear murmurings about the possible invigorating effects of ‘just a little inflation.’ Perhaps 4 or 5 percent a year would be just the thing to deal with the overhang of debt and encourage the ‘animal spirits’ of business, or so the argument goes,” writes Paul Volcker, former Fed boss, for the New York Times.

Bernanke and the Fed are moving us toward an inflationary depression. The Federal Reserve was established in 1913 specifically for that reason, as Rep. Charles Lindbergh noted. “The new law will create inflation whenever the trusts want inflation. From now on, depressions will be scientifically created,” he warned.

Bernanke admitted the Fed created the Great Depression with its monetary whipsaw weapon. It is now working on the Greatest Depression.

The Federal Reserve is not about saving business and creating jobs. It’s about a slow-motion destruction of the economy that will pave the way toward the bankster nirvana of a global economy that will present humanity with the most effective and insidious mechanism for slavery ever devised.

The sad thing is that we are spending hundreds of billions of dollars hunting down “terrorists” in caves on the other side of the globe and we have been told that because of “national security” it is necessary for our private areas to be touched before we are allowed to get on an airplane, but our government is doing essentially nothing to address what is perhaps our biggest security vulnerability.

What would you and your neighbors do if the power went out and it did not ever come back on?

What would you do if an EMP attack happened in the middle of the winter and you suddenly were not able to heat your home any longer?

What would you do if all the electronics in your car got fried and you simply could not drive anywhere?

What would you do if all the supermarkets in your area shut down because food could not be transported across the country anymore?

What would you do if you were suddenly unable to call your family and friends for help?

What would you do if you were suddenly unable to get the medicine that you needed?

What would you do if your debit cards and credit cards simply did not work any longer and you could not get any of your money out of the bank?

What would you do if all of these things happened all at once?

A single EMP attack would be the worst disaster that the United States has ever seen by far.

An electromagnetic pulse could potentially fry the vast majority of all the microchips in the United States.  In an instant, nearly all of our electronic devices would be rendered useless.

Yes, the federal government knows all about this.  The following excerpt is froman April 2008 report by the Commission to Assess the Threat to the United States from Electromagnetic Pulse (EMP) Attack….

“The consequences of lack of food, heat (or air conditioning), water, waste disposal, medical, police, fire fighting support, and effective civil authority would threaten society itself.”

Most of us have become completely and totally dependent on electricity and technology.  Without it, most of us would be in huge trouble.

The following is how an article in the Wall Street Journal described the potential consequences of an EMP attack….

No American would necessarily die in the initial attack, but what comes next is potentially catastrophic. The pulse would wipe out most electronics and telecommunications, including the power grid. Millions could die for want of modern medical care or even of starvation since farmers wouldn’t be able to harvest crops and distributors wouldn’t be able to get food to supermarkets. Commissioner Lowell Wood calls EMP attack a “giant continental time machine” that would move us back more than a century in technology to the late 1800s.

It wouldn’t be so bad if we had the knowledge and the infrastructure to live the way that they did back in the 1800s, but today that is simply not the case.

Dr. William Graham was Ronald Reagan’s science adviser and the chairman of the Commission to Assess the Threat to the United States from Electromagnetic Pulse (EMP) Attack.  Dr. Graham believes that in the event of a large scale EMP attack, the vast majority of Americans would either freeze, starve or die from disease.

According to Graham, in the aftermath of an EMP attack life in America “would probably be something that you might imagine life to be like around the late 1800s but with several times the population we had in those days, and without the ability of the country to support and sustain all those people.”

Would you be able to survive?

All of those big bank accounts may never be able to be recovered after an EMP attack.  Your money might be instantly fried out of existence.

The following is what Graham believes would happen to the financial system in the event of an EMP attack….

“Most financial records are stored electronically. ATMs, which depend upon both power and telecommunications, would not be available; banks, which try to back up records but in general aren’t strongly aware of the EMP problem, would face the problem of unprotected storage and computer systems”

This is the danger of having a financial system that is so dependent on technology.  We may wake up one day and find that all the money is gone.

But if an EMP attack actually happened, the biggest concern for most of us would be trying to figure out how to survive.

The president of the Center for Security Policy, Frank Gaffney, is convinced that a single EMP attack could result in the deaths of the vast majority of the population of the United States….

“Within a year of that attack, nine out of 10 Americans would be dead, because we can’t support a population of the present size in urban centers and the like without electricity”

Are you starting to get a feel for the scope of the problem?

The sad thing is that so much could be done to protect this country from an EMP attack.

Right now, most vital U.S. military infrastructure has at least some protection from an EMP attack.

But the general population has been left completely and totally vulnerable.

It has been estimated that the entire power grid could potentially be protected for about 20 billion dollars.  Considering the fact that we have spent over 400 billion dollars in Afghanistan, I think that we could afford it.

We have spent our national security dollars very, very badly and someday it is going to come back to bite us in the rear end.

Right now, other nations around the world are working feverishly to develop EMP weapons.  The following is from a statement by Dr. Peter Vincent Pry to the United States Senate Subcommittee on Terrorism, Technology and Homeland Security on March 8th, 2005….

Russian and Chinese military scientists in open source writings describe the basic principles of nuclear weapons designed specifically to generate an enhanced-EMP effect, that they term “Super-EMP” weapons. “Super-EMP” weapons, according to these foreign open source writings, can destroy even the best protected U.S. military and civilian electronic systems.

But it is not just Russia and China that have been developing “Super-EMP” weapons.  According to Newsmax, it is believed that North Korea may have tested a “Super-EMP” weapon back in 2009….

North Korea’s last round of tests, conducted in May 2009, appear to have included a “super-EMP” weapon, capable of emitting enough gamma rays to disable the electric power grid across most of the lower 48 states

Remember, all it would take is one strategically placed EMP attack to wipe out this nation.

But an EMP weapon is not the only danger that can produce this type of effect.  The truth is that a really bad geomagnetic storm could also potentially producealmost as much damage.

This is something that everyone knows is one of our biggest vulnerabilities and it is something that we can make preparations for.

Yet the Bush administration and the Obama administration have just stood there and have done nothing.

Our idiocy is astounding.

General Eugene Habiger, the former head of U. S. Strategic Command, has said the following about the possibility of an EMP attack in the future….

“It is not a matter of if, it is a matter of when.”

Remember, this is something that could cause millions times more damage than 9/11 did.

Instead of molesting old ladies at airports and chasing goat herders around the mountains of Afghanistan, perhaps we should be addressing our largest security vulnerabilities.

But that would require using some common sense.  Sadly, common sense seems to be in very short supply in Washington D.C. these days.

So if the government is not going to do anything about it, that means that it is up to you to prepare yourself and your family.  This world is becoming very unstable and disasters can strike at any time.

We all saw what happened after Hurricane Katrina.  The government response was a nightmare.  An EMP attack would be millions of times worse and the federal government probably would not even be able to get you and your family any assistance.

You would truly be on your own.

So are you ready?

This is yet another reason why the number of preppers in the United States is exploding.  A lot of people can see how the world is changing and they understand that the federal government is not going to come through for them when the chips are down.

An EMP attack could end life as we know it at any time.

It is a glaring security vulnerability and the entire world knows that it is there.

I hope that you are getting ready, because the government certainly is not.

“This is about forcing us to be medicated through our drinking water without our consent or full disclosure of the risks,” said Henry Rodriguez, civil rights chairman of the Texas-based LULAC. His group is vehemently working to end the practice of water fluoridation across the US, where more than 64 percent of public water supplies are fluoridated (http://www.cdc.gov/fluoridation/sta…).

“Opposition to fluoridation is going to continue building and there is no stopping it. There are millions of Hispanics and other minorities in the US who don’t have the funds to avoid fluoridated water for making their babies’ milk formula. And millions of families don’t know they’re being medicated in their drinking water, or about possible risks for kidney patients and diabetics.”

Based on decades-worth of statistics released by the US Centers for Disease Control and Prevention (CDC), water fluoridation has provided no substantial oral benefits for those consuming it. Particularly in the Hispanic community, many of those drinking fluoridated water still have plenty of cavities — but they also now have high rates of dental fluorosis, a condition where teeth become brittle, mottled, and brown as a result of fluoride ingestion.

“Watch what develops now as members of the Hispanic legal community are awakening to this issue,” said Daniel G. Stockin from The Lillie Center Inc., another group working to end water fluoridation. “The train has left the station. Fluoridation is ending. You can look for a quickening cascade of cities, water utilities, health officials and others distancing themselves from fluoridation.”

To learn more about the dangers of fluoride exposure, visit:
http://www.naturalnews.com/fluoride…

Sources for this story include:

http://www.fluoridealert.org/Alert/…

http://lulac.org/advocacy/resolutio…

Former Vice President Al Gore 24 hour climate “reality” show is surprisingly facing strongly negative reviews from Gore’s fellow global warming activists and environmental allies. In addition, two German scientists ridiculed Gorefor his “apocalyptic” tone and his “promise of salvation.”

Climate activist Bob Ward was tepid about Gore’s show. “One could complain that some of the presentations overstated the certainty and wrongly implied that individual weather events could be attributed to climate change,”lamented Ward. Ward is the Policy Director, for the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science.

M. Shanahan

Mike Shanahan, of the International Institute for Environment and Development, bragged that he purposefully avoided watching Gore’s climate telethon.

“I actually avoided the Goreathon, and I guess that says something in itself,” Shanahan wrote. He added that a journalist sent him a text declaring: “Gore gets gold for most boring and least galvanizing talk on climate, ever…That, and possibly damaging.”

Shanahan was blunt in his opinion of Gore: “Climate Change needs a Gandhi or a Martin Luther King or a Mandela, and Al Gore is none of those.”

Other global warming activists were just as wary of having anything to do with Gore’s attempt to link al bad weather to man-made global warming.

“Overall, I don’t think this (Gore’s) initiative will do much good. For one thing, Al Gore is now as much a hindrance as a help on climate change advocacy, as he’s been characterized (probably unfairly) as a highly partisan figure, and so immediately gets about half of all folks offside,” Barry W. Brook, the director of climate science at the Environment Institute at University of Adelaide in Australia, said.

“Gore is in the situation that certain X-wing fighter pilot was during the assault on the Death Star (in the film Star Wars), when Luke Skywalker called out over the intercom: ‘Pull out Wedge, you can’t do any more good back there!’”

Brook went even further, declaring the entire man-made global warming debate to be futile.

“I think the climate change debate is over. It’s like a snow mobile slipping on slush — it isn’t moving forward any time soon.”

The UK Guardian’s Leo Hickman, a prominent media activist for man-made global warming, was embarrassed by Gore’s extreme weather link to man-made global warming linkage.

“I was a little nervous this morning logging into Climate Reality…And, I have to say, my heart immediately sank,” when viewing it, Hickman wrote. Hickman asked: “Is Gore now a help or hindrance to global warming cause?” See: Hickman on Gore’s ‘Death by PowerPoint’– “I have suffered this torture too many times over the years…[Gore's show had] slide after slide of extreme weather events…& linking everyone, it seemed, to rise in [man-made] emissions…that is a very contentious peg on which to hang your hat…That kind of talk traditionally requires lots of caveats and careful explaining. Done with abandon and raw emotion – as this presenter seemed to be doing – and you are quickly labeled in some quarters as a climate ‘alarmist.’”

Professor Judith Curry, the chair, School of Earth and Atmospheric Sciences at Georgia Institute of Technology in Atlanta echoed these sentiments.

“If the intent of Al Gore’s telethon is to garner broad support for climate and energy policies such as proposed by the UNFCCC (e.g. the Kyoto protocol), I anticipate that this effort will backfire and energize the opposition to such policies,” Curry, who has shifted her views more towards the skeptical view of global warming in recent years, wrote on her blog.

“As a scientist I find the mantra ‘remove the doubt, reveal the deniers’ to be objectionable and antithetical to the scientific process. Gore’s effort will further polarize an already inflamed and politicized debate surrounding the science and policy response to climate change,” Curry explained. She also noted that Gore’s tactics will lead to more scientists declaring their dissent from man-made global warming. “Just today, Physics Nobel Laureate Ivar Giaever explains his resignation from APS,” Curry noted.

Gore’s ‘promise of salvation’

A pair of German scientists noted the religious overtones of Gore’s 24 hour climate telethon. “There was only one message, an apocalyptic one, with the respective promise of salvation; sometimes the discourse almost switched into a religious sermon: once we behave climate friendly, there won’t be any storms or other natural disasters anymore,” wrote German scientists Hans von Storch & Werner Krauss of the Helmholtz Centre for Materials and Coastal Research in Geesthacht, Germany.

Storch and Krauss chided Gore for seemingly linking every bad thing to man-made global warming. “Highly speculative (and deterministic) assertions such as the interpretation of the Arab upheavals as a result of global warming were made repeatedly, sold as scientific knowledge and without being challenged,” the scientists noted. Also see: DudGate! Gore’s Last Gasp – German Media Completely Ignores His Bitter Slur-athon

Skeptics of man-made climate change fears were also brutal on Gore’s latest climate science effort.

Canada’s Sun TV commentator with Charles Adler compared Gore to scandal ridden U.S. televangelist Jimmy Swaggart and warned of a “dangerous cult of personality” surrounding Gore. Adler mocked Gore as a prophet who was “going to hold back droughts.”

Physicist Dr. Lubos Motl also ridiculed Gore for being a “prophet.” “Gore had to personally train about 3,000 random people from the whole globe. The idea is that he is the prophet so anyone who ever touches him immediately gets the status of a priest in his community, a kind of medium religious rank,” Motl wrote.

“The media almost totally ignored the non-event in this case. Well, in fact, even a huge majority of the alarmist blogosphere (not just Real Climate) remained silent about this bummer,” Motl noted.

A. Watts

Meteorologist Anthony Watts noted how boring Gore’s climate telethon was becoming four hours into it. See: Gore’s 24 hour show a flop!? ‘After hour 4 it is starting to look like a massive dud’

Watts also unloaded on Gore for comparing global warming skeptics to tobacco company propaganda. See: Meteorologist Watts Tells Gore to shove his tobacco analogy up his A@* — ‘For the record, Mr. Gore, both of my parents died of smoking related illnesses. As a result, I abhor everything about tobacco. Therefore Mr. Gore, you can take that comparison and forcefully insert it into the bodily orifice of your choice’

Watts also noted that Gore brought on a former Miss Rhode Island contestant ‘to talk about sea level rise — while warmist Paul Higgins of AMS sputters to non-answers‘

Steve Milloy of Junk Science, called Gore a “tobacco hypocrite.” “Gore & his family were quite content to profit from tobacco users for more than 20 years after 1964 publication of first Surgeon General report on smoking.” Milloy wrote.

The skeptical website Real Sciencemocked the timing of Gore’s 24 hour climate telethon. Scientist Steve Goddard, the publisher of the website noted the massive cold spell in the U.S. and the inconvenient climate data that coincided with Gore’s event. See: Breaking: Sea Level Continues Its Historic Decline — ‘Envisat shows that the 2 year long decline is continuing, at a rate of 5mm per year’ — The ‘Gore Effect’ extends to sea level! ‘No doubt Gore will pass this good news on to all his viewers’

Goddard also noted that during Gore’s 24 hour show, Arctic ice made impressive gains in size. See:‘Arctic Gained A New Manhattan Of Ice Every Two Minutes Yesterday — ’16 city blocks of new ice forming every second!’ & The ‘Gore Effect’ Hits Arctic Ice! 2,200 Manhattans Of New Arctic Ice Growing In The Last 5 Days — ‘A new Manhattan of ice is being born every 3 minutes!’

The skeptical website Tom Nelson, also noted the so-called “Gore Effect.” See: ‘Gore Effect’ strikes again: During Gore’s 24-hour climate show, and while it’s still summer in the N. Hemisphere, 16 new city blocks of Arctic ice formed every second!’

CFACT (the parent company of Climate Depot) mocked Gore for “jumping the shark.” See: ‘Note to Al Gore: You’ve jumped the shark’ Skeptics at CFACT react to Gore’s 24 show: ‘We tuned in. What we found exceeded our worst expectations’ — ‘Speaker after speaker showed slide after slide of tragedy. Flooded houses, parched crops, starving kids. Shameless…Not only is human progress not responsible for severe weather, it is the best chance we have to meet these children’s nutritional needs in the future’

Climatologist Dr. Roy Spencer pulled no punches in evaluating Gore’s scientific claims. See: Gore’s 24 Hour Climate Astrology Show Slammed: Gore’s beliefs are ‘matters of faith, not observable scientific reality’ — Current weather is NOT ‘outside realm of natural climate variability’

News Round Up of Gore’s 24 Hours of Climate ‘Reality’: (for continuous updates, please go here)

Watch Now: Climate Depot’s Morano on Canadian TV: ‘Gore is a desperate man. Gore has utterly and completely failed…Gore is promoting ‘climate astrology’ (Int. begins at 06:40) – Morano: ‘No matter the weather, it’s just what global warmists would have expected. It is now akin to predictions of Mayan calendar or Nostradamus…But, the science is clear: Big tornadoes are on decline since 1970s, hurricane activity is near 40 year lows, sea level is dropping…polar bears (doing fine), Mt. Kilimanjaro gaining ice. From A-Z, Gore has egg on his face when it comes to man-made global warming’

MUST READ: In Anticipation Of The Gore ‘Lie-A-Thon’ – Severe Weather Reality From The 1950s, 1960s & 1970s

Paging Al Gore: Read this ‘list of severe weather incidents that took place during the 50s, 60s and 70s. These terrible and destructive events occurred well before the current decade’s hysteria about CO2 emissions. These events represent empirical evidence (reality) that refutes Al Gore’s type of climate science’

‘A study published in 2011 in Geophysical Research Letters on causes of the 2010 Russian heat wave deduced that it ‘was due to internal atmospheric dynamical processes’ — Paging Al Gore: Peer-reviewed Study: ‘It is unlikely that the warming attributable to increasing greenhouse gas concentrations contributed significantly to the magnitude of the [Russian] heat wave’

Climate Depot Response to Gore: “Gore has severely overreached in his 24 hour ‘reality’ show by claiming virtually every weather event to be a result of man-made global warming. Even global warming activists are cringing at Gore’s unscientific climate astrology claims. Gore wants us to believe that our SUV’s are weather machines — will he blame witches for crop failures next? Memo to Al Gore from Climate Depot: The UN and Congress cannot legislate, tax or regulate the weather.”

Gore’s spokesperson Maggie Fox ducks radio debate at last minute with skeptic! ‘They know that their claims will not withstand critical scrutiny’
DudGate: Gore’s Climate Reality Project: a massive dud – even warmists are panning it now

Gore brings on Miss Rhode Island to talk about sea level rise — while warmist Paul Higgins of AMS sputters to non-answers

‘Note to Al Gore: You’ve jumped the shark’ Skeptics at CFACT react to Gore’s 24 show: ‘We tuned in. What we found exceeded our worst expectations’ — ‘Speaker after speaker showed slide after slide of tragedy. Flooded houses, parched crops, starving kids. Shameless…Not only is human progress not responsible for severe weather, it is the best chance we have to meet these children’s nutritional needs in the future’

Flashback: Watch Now: Climate Depot’s Morano on Fox News Mocking Gore’s ‘Climate Astrology’: ‘This is now akin to the predictions of Nostradamus or the Mayan calendar’ – Morano: ‘There is no way anyone can falsify the global warming theory now because any weather event that happens ‘proves’ their case…Man-made global warming has ceased to be a science, it is now the level of your daily horoscope’ — Gore [in 2006 film] did not warn us of extreme blizzards and record cold winters coming’

The ‘Gore Effect’ Hits Arctic Ice! 2,200 Manhattans Of New Arctic Ice Growing In The Last 5 Days — ‘A new Manhattan of ice is being born every 3 minutes!’

Arctic Ice fails to reach record low — But Gore still claims record low!?

The ‘Gore Effect’ is Back! Early Freeze Could Severely Damage Minnesota Crop Production

It’s official, NOAA shows the ‘Gore Effect’ hitting America tonight – Cold Wave Has Perfect Timing!

Surprise summer snow in Colorado

Climate Depot Factsheet on the ‘Gore Effect’ Phenomenon: ‘Happens when global warming-related event, or appearance by Gore is marked by exceedingly cold weather’

Hour by Hour analysis: 24 Hours of Climate Reality: Gore-a-thon – Hour 6

Analysis: Gore’s effort to ‘expose’ climate change skeptics will instead show that Gore is a charlatan’

‘It is a mistake to blame human activities for current weather extremes. The NIPCC concluded that ‘the data reveal there have not been any significant warming-induced increases in extreme weather events.’ The report’s authors showed that this was the case whether the phenomenon being studied was precipitation, floods, drought, storms, hurricanes, fire, or other weather-related events’

Wash. University’s College Democrat student says paying well over $100k for Gore to speak on campus was a ‘steal’ — ‘Thank you Treasury for funding Al Gore’

‘The University’s treasury absolutely did the right thing by approving money for the purpose of bringing Al Gore to campus. Gore is a generational figure…Bringing Al Gore will up our ‘going green’ street cred in a big way…this is a steal…the cost to the students, because of the alternate funding, is substantially lower than it would normally be to bring Al Gore to campus’

We are told Social Security will be out of funds in 2036, which is untrue and the Congress does not mention that the trust fund has been looted since June of 1935. All that is left are worthless bonds. Those that read the Act will find that if government does not have the funds for Social Security they must sell bonds to fund any shortfalls. This fact is, of course, ignored by the Congress and the person who calls himself president. They are more interested in loophole-closing rate-lowering tax reform, which are code words to cut current Social Security income and transfer those funds to other pet socialist projects, that government deems more important. The Congress could care less that you paid taxes for a lifetime for this payout, and it is not a benefit, because you paid for it, and have your benefits shifted to those on lower income brackets or to pet socialist projects. What upsets the socialist and fascists in government is that the tax break for defined contribution retirement plans is that it will cost the Treasury $212.2 billion between 2010 and 2014. What really galls them is that 80% of the payout goes to the top 20% of earners and they want those funds to be redistributed to the less fortunate, to offset debt or to be applied in other socialized areas. One of the proposals is to roll back the current $16,500 annual 401K tax deferred contribution to a level of $10,500. If this is followed government would capture $450 billion in additional tax revenue, and low-income workers would not be affected. We suggest congress change the law and tax the $2.2 trillion parked offshore in tax havens at 35% and bring in revenue of $800 billion or more and to keep that revenue stream going. That means only $1 trillion would have to be cut from military spending and we’d have a balanced budget. That would be just too simple and it might upset the transnational conglomerates and the military industrial complex.

Needless to say, Americans would stop saving conventionally and purchase gold and silver related assets that have appreciated more than 20% annually for the past 11-1/2 years. These changes would render 401Ks and IRAs redundant. The incentive would be gone and all those funds might not be available to the government for redistribution to low-income citizens.

The bottom line is the government wants your retirement and more taxes. Private annuities could face insurance company collapse if the Dow went to 3 or 4,000 and of course the government is insolvent. For current retirees there has been no COLA increase as inflation has ranged from 5% to 11.2% and by the looks of it the CPI will be rigged lower again, so there never will be an adjustment in payout. The latest is a chained CPI, which would further lower benefits.

This is the brave new world planned by your masters. You people should smarten up and dump your retirement plans now. Stop being seduced by the tax breaks or shelter and run your own savings away from the clutches of government. If you don’t you could end up losing it all.

There are those who make excuses for the Federal Reserve and for the European Central Bank as well. Both are controlled by the banking community and are only interested in enriching themselves. These central banks take their orders who own or control these central banks. In the case of the ECNB and other sovereign banks, they are responsible for the terrible state of finances in the euro zone. Yes, we know the banks, and sovereign bans made the loans or brought the bonds, but the ECB has a direct connection into these institutions. The ECB president Jean-Claude Trichet is supposed to be a very bright banker. If that is so, why did this happen on his watch? We will tell you why. It is because he serves the bankers and not the people. He is just another front man for the Illuminists, just as Mr. Bernanke is. Mr. Trichet has only 2-months to go and then he can rejoin his banker friends.

As a result of Europe’s version of the financial wild west Greek credit default swaps are at a record 3,470 BPS as investors, citizens and others await default. Greek two-year yields rose 852 BPS and the Italian 10-year notes rose 12 BPS to 5.39%. The euro was off 3.9% this past week and probably is headed lower. These past three weeks Mr. Trichet engaged in a bond buying program of Italian and Spanish bonds, is a foolhardy undertaking. It resulted in the resignation of Mr. Stark, because he opposed the bond-buying program. Mr. Stark was the vice chairman of the German Bundesbank for four years. German banker Alex Weber and Bundesbank President Jens Weidmann also agree with Mr. Stark.

The 2008 credit crisis wreaked havoc on European, UK and US markets and as a result the latest episode, which has been playing out over the past two years, has really taken its toll on the value and stability of the euro. The euro zone is in a state of contagion with six of its sovereign members in serious financial trouble. The pull of saving the euro has been much stronger than a common sense approach to allow the insolvent to go bankrupt, something that was inevitable, and which we predicted years ago. This same pressure, or mind set, is what propelled the ECB to violate its own rules to arbitrarily buy the bonds of Italy and Spain in the open market. These acts are what finally pushed Germany citizens over the edge. It is a fundamental difference culturally, socially and financially between sovereign nations that have very little in common. We have lived among these cultures and speak their languages. We knew from the very beginning that the European approaches to amalgamation would never work. The European common market and then the European Union, an unnatural combination of people’s anthropologically, which had little in common. The 3% public debt formula that came out of the Maastricht Treaty was unattainable for at least 1/3 of euro zone members; along with one-interest rate fits all was a loser since its inception. That is because each economy was and is at a different stage of financial and economic development. The EU was an experiment and a forerunner for world government. It is as simple as that. Yes, the euro zone is crumbling and the bankers who control all these politicians and bureaucrats are going to lose out and take their losses and in that process many will face failure and rightly so. The creators of the EU, euro zone and ECB have a failing monstrosity on their hands, an expanding debt crisis. What could the ECB and sovereign central banks have been thinking about to allow such extension of credit? It defied all the rules of prudent banking. There are many to blame here reaching all the way back into the 1960s. The dogged insistence of merging of nations under the pretext of preventing future wars, when in fact it was a blatant attempt to create a one-world government.

The debt bubble has enveloped Greece, Ireland and Portugal and most likely will suck in Belgium, Spain and Italy in the process. There is absolutely no way a financial crisis can be avoided and it’s already been in this stage of failure for two years. No country can bailout these six without destroying themselves. Can 21 nations find $4 to $6 trillion to bail out the six? We do not think so, and we have said this from the beginning. Fragile isn’t the word for it, neither is contagion. The operative phrase is object failure.

You might think these are strong words, but they are not. We have watched this fiasco for 53 years knowing from the beginning it would never work. We lived in Switzerland, worked and went to school there, and experienced what it was like living in a country based on a parasitical concept. The bankers there are now in as much trouble as those elsewhere in Europe. For the sake of business they have recently attached their currency to the euro at the worst possible time. They are now going to financially suffer with the rest of Europe. You are seeing a flight out of the euro into gold and silver and you will see that same flight from the Swiss franc in the future.

How could the ECB believe that they could solve the problem by aggressively interfering in the markets? All they did was get the bankers holding this rancid paper off the books, transferring the failure on to the backs of already overburdened taxpayers? It is the same thing the Fed has done, the same model. This all is not the result of incompetence, negligence or mismanagement. This lending was deliberate and with forethought. There was and is another agenda and that is world government.

Why would anyone buy a Eurobond even if Germany backed the bond with others, if the six nations are insolvent? That could only be to keep the one world game going. Those who are waiting for the Germany to succumb may have a long wait. If the Bundestag passes such legislation there could be a revolution in Germany. Germans do not care about the credit system, the euro, the euro zone, the EC or anything else. They never wanted the EU and much less the euro. They want to cut their losses, because they see the costs being endless. They want to take their losses and move on. The situation with Greece is again at the forefront as the current German government prepares plans to back up the financial sector, as the Greeks prepare for default. Papandreou, PM of Greece, just gave a speech in Thessaloniki, blaming all his problems on the previous administration. During that speech, and before and after, the PM and his entourage were petted with eggs and yogurt, as some threw rocks. That led to men in hoods causing chaos. Greece could go into bankruptcy at any time. That would be a lifesaver for Germany, Mrs. Merkel and the CDU, the Christian Democratic Union. The PM wants to take 200,000 taxi driver licenses, which are worth the price of a home, away from them and give those contracts to a German consortium. These facts are part of the equation that you never hear about.

As far as we can see the “Eurobond” is dead, but there are things known as zombies that rise from the dead. Smug Americans should be aware that NYC Legacy banks have written about $150 billion in credit default swaps and money market funds chased the yields on sovereign bonds on about 50% of their assets. How much are they at risk – $500 billion?

Five US banks control 95% of derivatives, the biggest of which by far is JPMorgan Chase, which says European and Asian banks are being subsidized and that the rules favor them, which is detrimental to US banks. This claim of course is baseless. More of a psychological distraction. European banks are probably facing losses in a mark-to-market of $500 billion to $1 trillion and US banks are off at least as bad off. As an aside the events in Europe could cost US transnational conglomerates dearly. As an example Dow Chemical gets one-third of its sales from Europe, Carnival Cruise Lines 50% and Coca Cola 100%. The rest of the Dow and the S&P 500 are in the same general category. We suppose next both European and US banks will be bailed out as too big to fail by their governments. That is what is currently in process in Germany. The week of September 11th will leave a very important imprint on the system of finance worldwide. We are sure that behind the scenes the Fed is working feverishly with European banks and governments to create money and credit in order to bail these basket cases out. All major banks have eagerly violated the rules and now expect the taxpayers of the US, UK and Europe to bail them out. Smart people are pulling all of their funds out of banks and putting their assets into gold and silver coins, bullion and shares. With that in mind the US treasury, the Fed and foreign central banks continue day after day attacking gold and silver to discredit them as safe alternative investments. It works for a few days, but the effect dies quickly. They are not fooling the informed public anymore; the flight to quality grows in intensity with each passing day.

As you can see the Greek default will open up a Pandora’s Box of problems for banks and for sovereign countries as contagion takes hold. We have seen as a result that the Swiss National Bank has linked its currency, the franc, to the plunging euro, so its goods can currently compete in the euro zone. This was a short-term decision and a terrible choice. It eliminates the Swiss franc as a safe haven currency, as money flows out of the franc on a long-term basis and into gold and silver. From our point of view a terrible choice. This is your face devaluation will be something the Swiss will pay for over a long period of time. First they roll on American accounts for the US IRS, and then they deliberately devalue. They must have financial suicide in mind. Swiss policymaking is simply dumb and that goes for other countries as well. Almost all currencies are opting for an increase in money and credit to gain time. Each entity has its propaganda machines operating full tilt. As an example of desperation Treasury Secretary Geithner was interviewed by Jim Cramer, the bombastic clown at CNBC. Cramer is bright, but he is nothing less than a cheap hustler. CNBC is now absent any real talent that is credible after the departure to CNN of Erin Burnett. The Illuminists could have arranged the job at CNN. She is a member of the CFR. The network has fossilized. Monetary expediency and fiscal profligacy are the name of the game practically worldwide. That leaves little stability and forces a flight to quality. These elitists cannot help themselves. They are trapped and there is no escape from worse trouble ahead.

Greek default, as we predicted almost two years ago, is on the way. The timing we’ll leave to the psychics, but it won’t be long. We hope it is total default, because anything less would defeat the underlying purposes. Finally, Germans have refused to throw good money after bad. They have come to realize that their part of the $4 to $6 trillion bailout of six insolvent countries would render them insolvent as well. That has led the German government to shore up its national bank structure, including landbanks, which are similar to savings & loans. The government also took a hard stance toward Greece unless it meets fiscal targets. Ring-fencing financial institutions is the German equivalent of circling the wagons.

As a result the euro fell the most in a year versus the dollar. We guess they were overlooking US exposure to European debt problems. The NYC legacy banks could lose $150 billion in credit default swaps losses and how about the $300 billion that pension and money market funds invested in Europe’s toxic bonds in search for a yield? As we have always written – never, ever, ever, chase a yield. Mr. Geithner is running hither and yon trying to find political will, when Europe has simply run out of gas. Europe’s problems are unfixable and only bankruptcy can ensue in a number of countries. The EU and the euro, the basis for one-world government is dead. The silver spike has been driven into their hearts. The bank rating reductions are underway in Europe as a result of blatantly imprudent lending. Even the exulted Lord Rothschild had to infuse capital into Societe Generale to keep it from failing two short weeks ago.

Germany leads the hit parade at the biggest holders of Greek government debt with some $22 billion in exposure. Germans are looking for 50% losses in Greek bonds; a deal they turned down 1-1/2 years ago. At the time we said they were foolish and as it turns out they were. They may get 50% but we do not think so. Germany is preparing for the worst. In six state elections since Hamburg in March the CDU has lost them all. The latest in Mecklenburg-Western Pomerania, Merkel’s home state. We will see what happens in Berlin on Sunday. The voters in every election have rejected putting more money on the line for bailouts. An Emnid poll showed 53% of Germans oppose further bailouts. There is no question that Europe financially is upside down and headed for more trouble down the road. Do not feel left out the UK and US are close behind.