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The New World Financial Order (Oliver North)
Townhall.com ^ | November 14,2008 | Oliver North

Posted on 11/14/2008 8:17:48 AM PST by jazusamo

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To: LRS

When did he stop beating his wife?


21 posted on 11/14/2008 9:20:29 AM PST by AmericanVictory (Should we be more like them, or they like us?)
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To: elk

Knowing Moran, he’ll probably show up soused and punch you in the nose.


22 posted on 11/14/2008 9:22:20 AM PST by tgusa (Gun control: deep breath, sight alignment, squeeze the trigger ....)
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To: jazusamo

The problem is NOT with assuming that those who have wealth should keep it. The problem is the systemic corruption in our banking, financial, and political system, and the willingness of the past 14 years of Republicans (we took the house and senate in 94, and have had either the congress/senate or presidency until this year) to completely ignore it.

The republican party is corrupt, and has been an ole boy’s network. The populace is NOT just composed of greedy lazy leftists who want something for nothing (although there are plenty of those). They saw the looting and corruption in high place and wanted “change.” Unfortunately, they were too stupid to stop and consider what kind of “change” was needed, but they really did not have a good choice.

Consider the following

(the problem is).... the sytemic corruption in our markets and our political structures and our entire society. Dishonest markets will eventually collapse. The first example is the widespread practice of banks and IBs and hedgies of NAKED SHORT SELLING. Although it is illegal to counterfeit currency, counterfeiting EVERY OTHER TYPE OF FINANCIAL INSTRUMENT IS PERFECTLY ACCEPTABLE (or at least able to be counterfeited without legal consequences). We have brokers (Etrade) confessing to the SEC that they are “hopelessly short” (re: GVRP, a company with only 11 shareholders and 33 million shares..... with 1.3 billion short shares). Note that the SEC did not “discover” this at all. GVRP execs asked the SEC to investigate when they saw the avalanche of short sales. Well, the SEC “investigated.” They did not do beans. No one was even fined. We have come a long way folks from the days when Daniel Drew could tell a pleading Vanderbilt “he who sells what isn’t his’n, must buy it back or go to prison.” There is not ONE case of the SEC enforcing the three day rule on short sales with institutions. Not one. This is simply counterfeiting stock and selling it. There is no other term for it. It is rampant, wholesale, and done with every kind of financial instrument by big financial houses. If I had my way, I would execute these men for treason, because they are destroying the country. Even during the collapse of Fannie Mae, when the SEC tottered out like an anemic grandma and said “no short selling of these stocks” there was rampant naked short selling of Fannie stock going on. (note that I am NOT against legit shorts. Shorting legitimately is a great way to add true liquidity to the markets.)

There are FOUR brokerage houses/IBs who are short an entire YEAR’s silver production for the entire world. These guys have NO ability to ever cover the trades, and when silver rises (or gold) they simply engage in naked short selling and hammer the market back down. They can do this because the PM markets are so tiny compared to the other financials, and because the Hunt bros scared the hell out of the COMEX in 80. They are so worried about someone cornering the market that they have made the wholesale manipulation of the “paper” market for gold and silver completely corrupt. The CFTC is, if possible, a bigger joke than the SEC (it is now an arm of the SEC, which is appropriate). There are estimates are that over 70% of the warehouse receipts for “deliverable” gold and silver in the Comex warehouses are simply fraudulent. There is not the gold and silver there for “delivery” although you have some really cool looking receipts. We shall see what happens with the rumors swirling re: Dec silver delivery.

The above two examples, bad as they are, only hit the surface. This is the “regulated” side of the market. When you get into Credit Default Swaps the picture gets worse. In Theory, CDS are essentially insurance contracts on debt instruments, but actually they have morphed into side bets by financial institutions WITH NO REGULATORY GUIDELINES. They are completely private, with information divulged being totally voluntary. Only 10% of the participating institutions have reported and that 10% has reported about 58 TRILLION dollars of financial instruments out there that NO ONE has an idea if they are obligations or how serious the obligations are. AIG is starting to get a clue about theirs, I have been told. All they really know is how much money they got for issuing them. Think “State Farm facing Hurrican Katrina” but State Farm only has $38.17 in the bank to pay the claims. Or think of an 17 year old in his mom’s basement writing naked S&P puts with no margin requirements. This uncertainty is the reason for the credit seize up. The fed printing presses have plenty of hot money, but the banks are hoovering it up and sitting on it. When Goldman asks Citi for a loan Citi thinks “how much toxic CDS are you sitting on?” Banks don’t trust each other, which is, of course, the result of nontransparency and dishonesty.

Now, the HONEST solution here would be to force the market to settle, to demand transparency in financial dealings, and have demands that people be able to produce PROOF that they can sell what they say they have, whether it is a stock, a bar of gold, or the ability to pay out on an insurance contract on a debt instrument (this requires mandated reserves OR transparent dealings so that the the market will “discount”the contract like a bond from a company that may not be able to pay. Either would be honest). Of course, the market is so unbelievably corrupted that this would lead to a massive market meltdown. So we throw money at it, hoping that “something” will change things. The politicians and the regulators are all corrupted by the flow of money here. In fact, when Paulson was head of Goldman Sachs, his very company was guilty of what they charged Ken Lay (Enron) with. One side of the company was busy pushing stock that the company itself was busy shorting. And lets not even begin talking about Waxman, Barney Frank, Dodd and that bunch. Criminals are running the whole show, people.

To quote an old book “God is not mocked.” Run a crooked game, and the market walks away, once they catch on to what is going on. The financial institutions in this country are killing the goose laying the golden eggs. When a merchant gets a reputation for “dishonest scales” (the ancient version of lying to someone about how much they were buying from you), the market goes elsewhere. The USA no longer has honest markets, and the world knows it. The only real question remaining here is how fast the crowds will exit and whether we will ever demand honesty and justice.

We are seeing the wholesale looting of an entire nation, with unbelievable amounts of wealth being transferred to the pockets of a very few criminals (over ten TRILLION dollars went to private overseas accounts so far). If the American people ever really wake up to what is happening, I truly believe we may see a second violent American revolution. (My God, I can’t believe myself. I am becoming a nutjob! )

My predictions:
1) The dollar will cease to be the world currency. I look for that within the next 5-10 years
2) The world financial centers will move to Tokyo and Shanghai and Singapore and Bombay. No one trusts us anymore, with good reason.
3) When the money is all sucked up into the banks and the CEO’s have all fled to Aruba, the banks and financial institutions will fail anyway *Poof* money gone.
4) We will continue to print money like a fanatic and when the inflation gets into the system (may take a year or two), we will see systemic inflation like Argentina, Brazil, or even Zimbabwe, with the total collapse of the dollar. Ain’t no Paul Volckers left.
5) This last one is a hope, not a prediction. I hope we have a full blown social and political crisis, leading to a second revolution (the non-violent kind are always best!). The deposition of Marcos in the Philippines and the Orange revolution, Polish revolt, and Czech revolution come to mind as happy illustrations. We need to sweep out the phenomenally corrupt ruling class and return to the principles of the Constitution. We are no longer the USA that many of you think we are.

Pray for the best, prepare for the worst.


23 posted on 11/14/2008 9:29:42 AM PST by slnk_rules (http://mises.org)
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To: TCH

MEGA BUMP!!


24 posted on 11/14/2008 9:41:24 AM PST by Blogger
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To: jazusamo

bump


25 posted on 11/14/2008 9:51:00 AM PST by showme_the_Glory (ILLEGAL: prohibited by law. ALIEN: Owing political allegiance to another country or government)
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To: slnk_rules
[ If the American people ever really wake up to what is happening, I truly believe we may see a second violent American revolution. (My God, I can’t believe myself. I am becoming a nutjob! )]
 
 
 
“If the people knew what we had done, they would chase us down the street and lynch us.”
–George H.W. Bush
 
 
 

26 posted on 11/14/2008 10:00:57 AM PST by LomanBill (A bird flies because the right wing opposes the left.)
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To: jazusamo

Ultimately this is all a consequence of the infantilization of the American public. Unless you happen to listen to Neil Cavuto or Greta van Susteren on Fox, you'll hardly ever hear anyone question the assumption that there exist grown ups who can fix anything.

It is a child's perception of how the world works: no matter what bad thing happens, Mommy or Daddy or some other grown-up will make it go away.

By the time humans reach adulthood, they should have learned that "sometimes the bear eats you," and there's not a damned thing you can do about it... except plow ahead straight through it.

But now, through the miracle of Idiots on Television™, almost an entire nation of adult humans believes that a bunch of domeheads wearing suits, meeting in Washington or someplace, can repeal the business cycle, manage the climate of a Class-M planet, decide how much risk is "too much" for everyone everywhere, and so on.

It is akin to what model railroaders call "giant hand action." Any time a train goes off the tracks and wrecks things, the little model humans see a giant hand come out of the sky to clean up the mess and put everything right. In the real world, giant hands don't exist. But you'd never know that listening to "the news." On the news, "leaders" meet to craft "solutions" to the problems of humanity. That is their job: to solve problems for other people. To wipe the ketchup off the faces of the infantilized adults who now populate our country and who expect The President of the United States to fill their gas tanks and pay their mortgages.

Think it's the Democrats? Listen to this nonsense from House Minority Leader John Boehner:

"Spending billions of additional federal tax dollars with no promises to reform the root causes crippling auto makers’ competitiveness around the world is neither fair to taxpayers nor sound fiscal policy."

Boehner asked why Democrats are willing to provide money without insisting the car makers produce a "credible plan to strengthen their financial health."

For grins, and to give Boehner a fair chance, let us stipulate that The Big Three U.S. automakers have no plan to reform the root causes of their uncompetitiveness. They are going into the tank on autopilot, because their managements do not know what the "root causes" are, and in any case haven't a clue what to do about them.

OK, now ask yourself this: do you believe that politicians like Boehner know what the root causes are, or would know a viable plan to "reform" them if one was pushed under their nose? For extra credit, do you believe that GM and Ford have been successfully financing their operations for almost a hundred years — essentially selling stock, bonds, and commercial paper to some pretty smart cookies — without "credible plans" concerning their financial health? What, does Boehner think that he'll know The Credible Plan when he sees it, but that all the other people out there — some of whom have been working the financial markets for all their adult lives and have seen every trick in the book — are too dumb to know what he knows about the operation of huge, worldwide manufacturing concerns?

Wait... it gets worse. These words from Boehner appear on the Wall Street Journal’s Washington Wire. If you can't trust the Wall Street Journal to point out that this is a politician spewing hot air that he can't possibly understand, and that anyone who takes him seriously is being very foolish, who will say it? Me, apparently, and Neil Cavuto, and a handful of others. But everyone else absorbs this crap and ends up believing that the politicians know all, see all, and can fix all. And now people even vote that way, which means, sadly, that we're hosed. Because even those who do remember history are doomed to be surrounded by those who don't.


27 posted on 11/14/2008 10:04:43 AM PST by Nick Danger (www.swiftvets.com)
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To: slnk_rules
[5) This last one is a hope, not a prediction. I hope we have a full blown social and political crisis, leading to a second revolution (the non-violent kind are always best!).]
 
Question:
 
 
Tacitus, a Roman senator and historian, (A.D. c. 56 - c.115) very eloquently said, "The more corrupt the state, the more numerous the laws".  Are we there?
 
Weishaupt, Sabbatai, Marx, Hegel... all thought they were god... AND they convinced the people so.  Are we there?
 
 
Response:
 
>>Are we there?
 
Well, certainly the government is operating far beyond the intended scope of purpose that was articulated by the founders.
 
As you know, the sheeple are easily manipulated, largely because the public edumacational system was hijacked and transformed into a mechanism, not for learning - but for indoctrination.
 
As Martin Luther showed us, without the tools of Logic and Reason, the sheeple have no way of pulling back the curtain, learning the Truth for themselves,  and exposing the facade of lies our would-be god-Emperors hide behind. 
 
God is dead, thus, we are as gods - and do what thou wilt shall be the whole of the law -
- that's what they're selling.
 
Nothing new.  
"Hey, Moses has been up on that mountain for an awful long time, looks like he and his God are dead; so lets throw some Gold into the fire and worship what comes out".  Sound familiar?
At least 46% of the voting population rejected the facade of lies.  That's reason for hope.
 
 
Obama has tried to establish an image of himself as a moral Christian.  He may even actually believe it. 
 
 
Gandhi used the moral self-image of the British against them in order win the Independence of India; So, how do we make Salt - before Obama manages to create his "Civilian Defense Force"?
 
The Constitution, let alone the legal spider web, is too complicated for the sheeple to understand - so, KISS - Keep It Simple, Stupid.
 
The Declaration of Independence defines the scope and purpose of government in a single sentence that can be summed up by four words:  TO SECURE THESE RIGHTS.
 
 
Got Salt?  "To Secure These Rights" -  That should be the salt on the tongue of Every American Citizen.
 
...
 
=Bill

28 posted on 11/14/2008 10:09:22 AM PST by LomanBill (A bird flies because the right wing opposes the left.)
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To: PjhCPA

ping


29 posted on 11/14/2008 10:13:32 AM PST by PjhCPA (stop flapping your gums and DO SOMETHING)
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To: slnk_rules

I predict the “peaceful revolution” you hope for will be anything but bloodless. Such an event will likely evolve quickly into a national, and then international blood bath, similar in its ferocity to the Reign of Terror. That awful and Godless period in France, between the years 1793-95, was when Hell itself was unleashed on Earth.

Political leaders will attempt to flee, but they will be hunted like animals and summarily executed. Vigilante justice will rule the day. None will be thought innocent; none will be safe. Then the killing spree will spread like a virus across the land.

The educational, legal and corporate elites will be struck down where they stand. There will be no escape for them, because they depend on the “little people,” whom they have for so long abused, to support their means of doing so. A very “special” treatment will await judges… I would not want to be one of them.

I predict the Hollywood reprobates and the traitorous members of the MSM, those seen as the primary instigators of cultural debauchery, will be killed, stuffed, and their carcasses put on public display.

It will be a complete purging of the elites, the reprobates, and all the others whom are perceived to have destroyed this Republic.

The American military will perhaps take the side of the American people in an attempt to restore constitutional governance, but that is not certain.

Once America falls the chaos will spread to every nation on Earth. No political entity will escape. Desperate leaders will unleash nuclear weapons on their own populations in a vain attempt to maintain political power. Civilization will be over the cliff at that point.

We are witnessing the beginning of the end… the final act that brings about the reign of the Antichrist.


30 posted on 11/14/2008 10:30:01 AM PST by TCH (Another redneck clinging to guns and religion)
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To: Nick Danger

“Because even those who do remember history are doomed to be surrounded by those who don’t.”

That is a profound observation. That needs to be repeated over and over. It puts the whole thing into stark context.


31 posted on 11/14/2008 10:35:28 AM PST by TCH (Another redneck clinging to guns and religion)
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To: LomanBill

Got Guns?


32 posted on 11/14/2008 10:38:01 AM PST by TCH (Another redneck clinging to guns and religion)
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To: rvoitier

“Al-qaida’s gonna have more banking privacy than we will.”

Don’t laugh...before its all said and done I fully expect the NWO and Al-queda to merge....they mutual interest is the unbridled quest for power.


33 posted on 11/14/2008 12:03:03 PM PST by mo
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To: TCH

bttt


34 posted on 11/14/2008 2:01:19 PM PST by JDoutrider (Heading to Galt's Gulch... It is time.)
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To: jazusamo

He who controls the money, controls.

.....unless the people have guns.....oh well...


35 posted on 11/14/2008 8:29:11 PM PST by TomasUSMC ( FIGHT LIKE WW2, FINISH LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM)
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To: slnk_rules

Paul Volckers is advising Obama and may be his pick for Sec. of Treasury.


36 posted on 11/14/2008 11:54:52 PM PST by SMCC1
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To: jazusamo

bookmark


37 posted on 11/14/2008 11:56:19 PM PST by Pajamajan (Pray for president Bush. Pray for our troops. Pray for McCain /Palin, Pray for our nation.)
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To: jazusamo

We have a few things that will probably quit working soon like a 20 year plus tv, 13 year old microwave. I have some fly reels over 10 years of age and some fly lines that are a few years old.

So I will probably be negotiating to purchase these items before the year ends.

Pre and Post Christmas sales should be great for our side.

So I think that we will buy some off those items before after Christmas.

In fact any real good buys will be probably bought this month so the taxes don’t come in January 2009.

That way Zero, Pelosi, Reid and Barney Frank will not benefit from those purchases.

Check my tagline.

PS: Tired of Christophobic Gay Deviants ganging up on us. Knee cap their corporate donors funding the repeal of Prop 8 by not dealing with them:

We can boycott the corporations funding the repeal of Prop 8.

There are many corporations funding the repeal of Prop 8.

This link takes us right to the corporate sponsor page to repel Prop 8:
http://laglc.convio.net/site/PageServer?pagename=SU_CORPORATIONS

Boycotts can work for our side too!


38 posted on 11/15/2008 10:53:13 AM PST by Grampa Dave (Buy what we need before Zero is sworn in. See how he and Pelosi thrive w/o our buying $'s)
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