The Endrun Project: 2010-2012 The Perfect Storm Economic Crisis by Design

2010-2012 The Perfect Storm
Economic Crisis by Design latest update 09 November 2012

09 November 2012

'Nothing in all the world is more dangerous than sincere ignorance and conscientious stupidity.' Martin Luther King Jr

As you read this, markets are unfavorably reacting to Obama post election announcement addressing America's 'fiscal cliff'. Readers should recall since 2009, the Endrun Project has been warning people everything even down to the outcome of the election is 'by design'.

Now that we are here ...well!

The fiscal cliff

Even as some states still sift through ballots from the Presidential election a powerful 'noreaster' zeros in on an already devastated New England and the 'fiscal cliff' shifts into focus.

The US 'Fiscal Cliff' Explained VOAnews.com

Notwithstanding, rhetoric concerning Iran, the United States, Syria, and Israel as the global economic house of cards is sagging and America beelines it toward the fiscal cliff.

News and focus on Israel, Iran and Syria have already increased since the election and will be ratcheting upward as the days ...even hours pass. Understanding what is working behind the scenes and why could be critical in knowing why now and the near future is more dangerous than ever.

Read carefully, and follow this article for updates

See also 2012 Calm before the storm - More than meets the eye - Intent with options Part3

Israel 2012 Prepping for WWIII Syria's demons, Russia, Iran and The Red Lines: where things go wrong and why!

Couldn't have said it better
(Cut Crap and Balance)

July 20, 2011 from International Forecaster Weekly newsletter by Bob Chapman who many know as The International Forecaster is posted unedited, by permission By Bob Chapman:

This past week the person, who calls himself President again engaged in extortion by threatening to shut down the government, default on bonds and deprive Americans of their Social Security and Medicare. We all know that is not going to happen unless the illegal alien wants to start a revolution. He can cut costs anytime he wants, but he is more interested in terrorizing the old and the infirm, so he can continue his wild spending. That is what his handlers have told him to do and that is what he will do. Social Security is not an entitlement, because we paid for it and it belongs to us. If politicians have stolen the funds, or these politicians cannot replace the borrowed funds, then the government should issue bonds and have the Fed purchase them, just as they have to bail out the financial sector not only on Wall Street, but also all over Europe. In addition, he might contemplate cutting spending.

His behavior in a congressional meeting this past week, or shall we call it a childish terror tantrum, was truly reminiscent of a deeply disturbed dictator. This was a psyop operation to force opposition politicians to capitulate to his demands, not to cut the budge and spend endlessly until the bottom falls out of the economy.America is insolvent and has been so for a long time, and these games of massive deficits, stimulus and quantitative easing only delay the inevitable deflationary depression and economic and financial collapse, which has been deliberately created by Wall Street and banking to force us to accept World Government.

The actions of Senator Mitch McConnell were absolutely reprehensible and a disgrace. An effort to continue spending to keep his benefactors behind the scenes happy. His proposal was to allow the President to increase the debt three times before the end of 2012, which would be accompanied by Mr. McConnell’s spending cuts. This would avoid a vote and allow the President to act as dictator. Another scam and no mandated cuts. What this boils down to is political theater and the elections not that far away. They’ll be no cuts if any agenda passes, only cuts of future increases.

The national debt will not be touched and the wild spending will continue including $4 trillion to continue more wars. That means $1.5 trillion annual deficits forever. The climbing debt is 80% consumed by the Federal Reserve, which creates money out of thin air. Are we to believe that the Fed will create $2.5 trillion a year for the next three years and perhaps longer? The answer is yes, and the result will be hyperinflation, which will ruin the value of the US dollar.

It is obvious the elites are not really looking for a solution; they simply want to destroy the value of the dollar to extinguish economic and financial stability, thereby forcing Americans, Brits and Europeans to accept World Government.

June 23

Risk assets stumble on downbeat Fed view
Last updated: June 23, 2011 4:04 pm © The Financial Times Ltd 2011

Thursday 16.00 BST. Worries about slowing global growth have rejoined simmering Greek debt concerns to deliver a downbeat session on global markets.

Yesterday's statement by Fed chairman Ben Bernanke in a press conference on the US economy does more to support concerns that our worries extend far beyond politics and an inept administration.

The Endrun Project presents perspectives on a number of strategic issues threatening America's future and national security from politics, education and corruption to Middle East affairs often with cooperation from various international resources.

Global and US economies are fragile to the extent that any number of global events could singly trigger an economic collapse and global chaos which could lead to instability and human tragedy world wide in as little as minutes.

There's more than meets the eye ...however, as bleak as it may seem ...through understanding the issues from common sense perspective apart from the demonstrative failure of conventional wisdom and politics ...the good people of America and the world can beat the challenges.

Going with the flow and following popular opinion, political icons and pundits du jour simply isn't working.

Economy

Today's excerpt from International Forecaster Weekly newsletter by Bob Chapman who many know as The International Forecaster is posted unedited, by permission By Bob Chapman, June 22, 2011.

June 22 2011: International Bankers the creators of despair, the instruments of corporatist fascism and monopoly, markets not free under the eye of international banks, Greece the catalyist fo the Euro downfall, Fed inflation soaks up majority of treasuries, elitist banks helped with the profits in world markets last year.

'What the world is experiencing today did not happen by chance, it was planned that way. Bob Chapman

What Congressman Louis McFadden said of the “Great Depression” is as true today as it was in the 1930s. As Chairman of the House Banking Committee he said, “It was no accident; it was a carefully contrived occurrence. The international bankers sought to bring about a condition of despair here so they might emerge as rulers of us all.”

What you are experiencing economically and financially today is nothing new. Just study history all the precedence is there. The bankers and their willing helpers do the same thing over and over again. As we have said often what these banks represent is corporatist fascism and monopoly. Through their great wealth they control most governments and their court systems. That is why your elected representatives do not listen to you. They have already been purchased by Wall Street and banking. These are the same people who have financed most wars on both sides for centuries. Through their banks, and the Bank for International Settlements, and the BIS, they control money laundering and the worldwide drug trade, which is the most lucrative of all enterprises. The centerpiece of all the financial powers of the Illuminists come from the control of the drug trade for centuries.

These bankers and denizens of Wall Street and the City of London control our societies and in particular, business, finance and economics - almost every event within society is controlled by these elitists; as we saw in the stock market dotcom bubble of the late 1990s and the real estate bubble that began in 2003 and ended in 2006. We exited the stock market in the second week of April of 2000 and then again at 14,000, calling for a Dow 6,600 bottom. We believe we have been in a secular bear market in stocks since 2000 and we haven’t as yet seen the bottom by any means. Markets are not longer free and are under constant manipulation by elitists behind government.

The media is filled with one fraud after another. The residential real estate market continues to fall trying to find a bottom. Banks throughout the US, UK and Europe are temporarily saved from insolvency by central banks printing money. In country after country we see runaway deficits. Economic progress is frozen. Inflation grows with each passing day as gold and silver move relentlessly higher. At the same time the poor get poorer and the middle-class is being destroyed. We are witnessing the deliberate destruction of an empire.

Never do we hear a comment pertaining to free trade, globalization, offshoring and outsourcing. It is like it didn’t exist. America has lost 11.7 million jobs and 440,000 businesses over the past 11 years, but Congress evidently is ignorant of the fact that keeping jobs at home is easier than creating new ones. The jobs lost are high paying and the replacement jobs are at the bottom rung. All that has to be done is for Congress to pass legislation implementing tariffs on goods and services and to rescind corporate tax breaks for transnational corporations. It is just that simple. Unfortunately, 95% of Congress is bought and paid for by the very interests that perpetuate this stripping of America. We as well hear nothing from economists or market commentators regarding what passes for free trade. We learned as a nation in the late 1700s that British mercantilism does not work. We then found, on our way to greatness as a nation, fair and equitable tariffs work very well. Not what we have seen for the past 30 years; the deliberate destruction of our nation and our jobs.

Every answer to the job’s problem or meeting competition is a subsidy of one form or another. We know such socialist solutions do not work, but government uses them and business welcomes them. Very simply, nothing has been fixed and the palliatives haven’t worked and that is why we are about to enter credit crisis II, with assistance from Greece and the rest of Europe. The US, UK and Europe are headed for default and nothing can be done to stop the inevitable crack up, all America now specializes in is financial fraud and corruption. We have a country run by a crime syndicate and even when caught the companies are merely fined and among the connected, no one ever goes to jail.

Our system has deliberately been programmed to fail. It has taken $4.3 trillion just to keep the system afloat until the characters behind the curtain decide to pull the plug. Greece could be the catalyst along with warfare spreading throughout the Middle East. Is this the diversion? The war that we predicted? It could be and we’ll shortly find out. The Bilderberg planners in Europe have been stunned by Greece’s refusal to commit national financial and economic suicide.

See; New Eugenics and the Rise of the Global Scientific Dictatorship
The Technological Revolution and the Future of Freedom, Part 3

While the drama in Europe plays itself out the Fed creates money and credit to gobble up 80% of US Treasuries. This causes inflation to continue its relentless climb just as it has in other countries. The money and credit creation by central banks exposes the US, UK and Europe eventually to hyperinflation. We are now also entering the war phase as insolvency becomes more visible. This is as we have predicted over the last 11 years. Most major banks in the US, UK and Europe are insolvent, and are made to look solvent by keeping two sets of books and via accounting ledgermain. Their situations are going to become worse as time goes on as real estate heads for the bottom and stays on the bottom for some time to come. Unbeknownst to most the bank nightmare of commercial real estate is being financed by the Fed. When and if that stops the banks will have a new set of insurmountable problems. The banks are trapped in a dilemma of their own making and there is no way out. That is in spite of government, the BIS and the FASB allowing them to keep two sets of books. If you do that you will go to jail. Almost 30% of Americans have negative home equity and in Las Vegas it is 84%. By the end of 2011 those figures will be lots worse. Those who have home equity loans are close to 40% upside down. In another two years we envision dreadful conditions for both homeowners and banks. Making matters worse these banks have to hold more funds in reserve because the BIS believes speculation has to be reduced, because these funds may be needed to absorb more bad debts.

As we mentioned in previous issues the federal government is using federal pension funds to fund government operations until August 2nd, when presumably Congress will pass a new short-term debt limit. If we remember correctly government will need $250 to $300 billion by that date. We mentioned last week that government might use this opportunity to commandeer 401Ks and IRAs, and replace them with government guaranteed annuities. This threat is very real and if you do not cash in now you may not get the chance to later. Pay the tax and possible penalty and get out. Most workers are trapped in IRA’s and the only way they can get funds out is to borrow against them. Some 30% have already done so to live on having been laid off or to invest in gold and silver related assets. There is no political will in America to cut spending and any cuts will be in budget increases over the next ten years. In addition, the President has been given marching orders for war by those who control him to cover up what they have done to the country and to make ever more profits for the connected Illuminists. There has been no way back for America since June of 2003. The debt is beyond payable. The problems are all still there and they are not going to go away. Even if by some miracle a solution to the financial crisis was found, the system is still yet to be purged, so that the banking system could be allowed to go bankrupt, along with many others that have engaged in malinvestment. Then there would be the end of market manipulation, the prosecution of the common criminals on Wall Street and in banking. The end of the Fed, lobbying, campaign contributions, Patriot Acts I and II, Homeland Security, the TSA and many other government agencies. We also have to find out if we really have any gold. The list is copious if not endless. With all of this comes devaluation and default and probably a BBB debt rating. This is why all investments should be in gold and silver related assets. In addition, probably at the top of the list is the criminal prosecution of those on Wall Street, in banking and government who have committed fraud and treason. They should be tried, sentenced and their families relieved of all of their wealth. That should also be applied to those who committed treason and they should forfeit their lives.

There is no question that the recent antics of Fed Chairman Bernanke is leading to the conditioning of the public to higher inflation. He knows inflation is more than 10% not the 3.6% the US government admits too. He and his controllers know full well inflation is headed ever higher because deficit spending cannot be stopped and neither can the Fed’s creation of money and credit.

The Fed has been forced to purchase about 80% of US Treasury debt issues because not only are foreigners not interested in such overrated debt, but also no longer are American households and hedge funds. These unusual discussions, which are precedent setting by the Fed is a form of psy-op conditioning for both the professional sector as well as the public that chooses to listen and can understand. The players all know the economy is weak. Mr. Bernanke verifies that. This is all leading to a major international conference where all currencies will be devalued and revalued and all debt will be multilaterally defaulted upon. A new international trading unit, or currency, perhaps the dollar again, will be put into service as the world reserve currency and it will be backed by 25% in gold. That is what these sessions by the Fed is all about, devaluation and the default of the US dollar. It is not surprising as a result of this, that these speeches and press conferences bring a lower dollar and higher gold and silver prices. The writing is on the wall, as we have pointed out for the past two years. As long as QE3, or something similar, is instituted to prolong the fall into collapse, we can project inflation out for the next few years. The level will depend on what is needed to keep the economy afloat. For QE1 and 2 and stimulus 1 and 2, we see 25% to 30% inflation by the end of 2012. If the Fed injects $1.7 to $2.4 trillion into the economy under QE3 then we will get close to 50% inflation, which to us is hyperinflation in 2013 and 2014. The minute stimulus stops deflationary depression begins. That said, we see that conference we spoke of happening in 2012, 2013 and 2014. At this point the timing is very difficult to call. We know one thing for sure there will be a QE3 or something similar to it.

Many nations are pumping money and credit into their financial systems and economies notably the US, UK and Europe. The financial problems in the euro zone are as problematic as they are in the UK and US, as Greece prepares to default. It will do so unless Europe’s bankers give Greece what we would call at this stage, a sweetheart deal and there will be little or no sales of Greek national assets. The European financial sector has to make a deal, because if they don’t Ireland and Portugal will follow Greece and Europe’s banks will go out of business. Like in the US and UK, subscribers get your money out of European banks and into gold and silver. If you do not, you may lose it all. Once the European-Greece situation is clarified the dollar will again tend lower and the prices of gold and silver higher.

The present state of financial affairs is a sad commentary on the international system of credit and currencies. In Greece the fate of the European financial system hangs by a thread and all those too big to fail European banks, that were subsidized secretly 2-1/2 years ago by the Fed, could go under soon. If central banks were capable of being so dumb as to let Lehman Brothers go under, we are sure they are capable of letting Greece go under. Remember, they really believe they are the masters of the universe. No one in the interconnected international financial system wants to see a Greek failure, but so far the way the banks have handled the situation, so brazen and arrogantly, you would think their game of poker with the Greeks included massive European bank failures. Like it or not Greece is catalyst number 2, Lehman being catalyst one. Bankers do not seem to understand that their Ponzi scheme has become common knowledge via talk radio and the Internet. Their controlled media can no longer bamboozle the world public. Those two sets of books bankers now use to hide nearly worthless debt are becoming known to the public and professionals. People are beginning to understand that Greece, Ireland and Portugal are Lehman all over again. Policymakers main job now is to assist Greece, not to rob and loot it, to save their own corrupt system. Greece, Ireland and Portugal didn’t cause the trillions of unsound debt, the bankers did. They are the experts. They made the loans that should have never been made in the first place. Needless to say the bankers are at least 80% at fault. Banks have to be held responsible. Both France and Germany fail to see it that way and are more than willing to let the bankers off the hook, because the bankers own them.

Worldwide liquidity is drying up because players are afraid to play and the Greek crisis has yet to be contained. These international bankers wanted world banking to be interconnected. They got their wish and it is going to bring them terrible trouble that could destroy them. There are global market forces and they have underestimated how much the world public has been educated by talk radio and the Internet.

We never give into a lie no matter who is perpetrating it. There is no recovery and there never has been a recovery. Thus, we won’t waste our breath discussing such a non-event. About $1.8 trillion, or perhaps more, has been squandered and the only thing QE2 and stimulus 2 have accomplished is slight growth and they have guaranteed 25% inflation next year. The market does not want to purchase marginal debt such as that of the PIIGS, but there will soon come a time when the market will no longer bid for anything but the best paper with real truthful ratings. That time will come soon enough. The painful process of facing reality for Greece and the other PIIGS is still in the formation stages. Mrs. Merkel, German Chancellor and Nicolas Sarkozy, PM of France had their mentors recently show them the light. Their decisions will cost them their next elections and there is no reason to believe working with the Illuminists will save them. These elitists were from the same cabal that terrified and made an early exit from the Bilderberg hive in St. Moritz. A group of gutless wonders who slinked away in the night.

These people are vulnerable and they can be beaten.'

About Bob Chapman

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'At some point, ... it will be too late for effective political action. ... there reaches a point where it won’t matter who’s president and it won’t matter how devoted Congress is, the damage will be out of control.
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Suggested reading:

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See also; New Eugenics and the Rise of the Global Scientific Dictatorship
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Something to think about...

Whether Jewish, Christian Islamic or indifferent for anyone who reads this there is an opportunity maybe for the first time ...to recognize the Reality of God as ancient Prophesy is being fulfilled before your eyes ...what you do with it is for YOU ...where you end up at the end of it all.