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OK, yes, I was already thinking that the people in power would pull a trick, just like they did when Bush came into office the second time (manipulation of laws and election machines, does anyone remember?).
My prediction if yours is true is that in europe we will have even more economical trouble than we already have too.
Don't get me started on gas prices, they are already double the high than in america here in germany.
More will definitely drive people into poverty (even more than we already have here, the poverty rate is rising dramatically in the last few years).
Hope you accomplish all you plamn to do with your book.
Whew. What a scenario. I think there were already many reasons to impeach Bush so since it didn't happen, by now it won't just because the former White House spokesperson wrote a kiss and tell.
I think Bush and Cheney would attack Iran before they step down, but really I think they are just getting ready to cash in their chips and leave the mess to the next President. Why cause any major trouble now? Their holdings in companies like KBR and other military contractors will continue to pay them well no matter what, and they can retire from their corporate take over of America.
But, just for the record, this is the succession lineup for the President:
1. Vice President Dick Cheney (which is why Cong Dennis Kucinich filed articles to impeach him first years ago)
2. Speaker of the House Nancy Pelosi (you'd think she would have supported Dennis Kucinich but after all she is a Democratic Party leader and they don't understand politics)
3. President Pro-tem of the Senate ; robert Byrd of West Virgnia. God bless him for his courageous stand before the war on Iraq began - the lone voice of conscience in the Senate who said WMD was a false reason to go to Iraq. Sen Byrd has been in the hospital a lot lately and I am praying for him)
4. Secretary of State Condi Rice (can we impeach her too somehow?)
5. Secretary of the Treasury (who is it again???)
6. Secretariat of Defense (Robert Gates)
7. Attorney General (Mukasey what ever his first name is)
And it goes on from there, but that's all I can remember.
I learned this back in 1981 when President Reagan was shot. Vice President George Bush the First was travelling somewhere (I can't remember where, maybe he and Donald Rumsfeld were in Iraq selling chemicals to Sadaam Hussein) but the Secretary of State Alexander Haig tells the press, don't worry he is ready to take command. He thus skipped over Speaker of the House Tip O'Neille (on eof the last Democracts who did understand politics), and the Senate Protem, Strom Thermond who was still a young man at the time considering he retired from the Senate in 2002 at the age of 100. In fact, is he still alive?
So if Bush and Cheney were out of the picture, Nancvy Pelosi wopuld be next in line for VP. She might chose someone like Gore to be VP and have that confirmed by Congress, but she'd go ahead with the elections as scheduled because as I said she is a Democrat and they have already invested so much ignorance in the elections already.
But you first scenario, we bomb Iran and elections are suspended, is really the stuff of nightmares. Facism undisguised in USA. I don't know, I think I like it better when they wear masks.
I don't think policiticans react dramatically to the economy. They are either in with those who this Trilateral Commission thread is about, or they are dazed by it.
A false flag attack (another one?) would cause dramatic action in government however, we have certainly see how that gets orchestrated.
If it comes to all that, you know, I'm sure the malls will still be open so I pop down and have a pizza fedexed to you.
Quote:
Originally Posted by vietnamita
Alright everyone,
I'm almost done with this data and brain storming, and my summer is coming up where I'll be focused completely on my other endeavours, namely publishing my book and post production of the Documentary. So, before that comes, I'm gonna make a PREDICTION! I want to go on record, and if I'm completely wrong come this December, then I'm completely wrong, which is cool with me. Heck, I might go to an AZNlover get together and buy Pizza for everyone if I'm wrong. So, here's what I think is coming up for us in the US of A. We've got two possibilities, that I think have an 85% chance of happening.
1.) We will NOT have an election this year! Now that Admiral Fallon was forced out, Petraeus, the brown noser, is going to definitely help the Bush administration and Israel bomb the F--K out of Iran. Which leads to the next step.
2.) Oil is going to shoot WAY past $160 a barrel, once the threats and bombings get underway, which leads to the next step.
3.) Even more economic chaos, and China and Russia retaliate big time, which leads to...
4.) Bush's cronies stage a massive false flag attack on American soil, killing americans in the process, which brings the onset of martial law, thus canceling elections.
However, I also see the following. This, I think, has a 65% chance of happening.
The hooplah from McClellan's book on Bush's propaganda to goad the americans to war in Iraq, and now a General's tell all book, could quite possibly force Bush to step down this summer, thus ending hostilities against Iran. Because of Cheney's complete complicity, I'm gonna go out into far left field to state the following.
1.) Al Gore will be permitted to run as interim president after the stepping down of Bush and Cheney.
2.) We still will not have elections, due to the economic chaos that's deepening into the anglosphere system.
In either case, the US economy and the UK's economy are completely bankrupt, and we'll see the fall of the 200 year old anglosphere empire in a short few months. It's going to fall faster than the USSR in 1989. This I say has a 100% chance of happening. The debts, all of em, are being monetized as we speak, which is why gas and utilities, food and commodities are streaking upwards in terms of price. It's hyperinflation under another name.
That's it! I'm on record! If I'm wrong, I buy Pizza at the end of the year for an AZNLover get together! And if I'm right, well, someone buy me Pizza. Cheese and veggies only, no meat, thank you very much.
Hey vietnamita thanks for putting in the the time and effort to share your findings. For that alone you already deserve free veggie pizzas, with extra olives and tomato
I can see how another false-flag attack can happen in US soil, that's the only way they can gather enough support to do further warmongering. If Bush Jr is still around during this time, his rallying cry will be devoid of entertaining words like "freedom-loving" "good guys" "bad guys" "my pet goat" "freedom fries" etc, though "nu-kular" will get a mention or two.
Should the US engage with Iran, they will receive unconditional aid by Israel.
I also have a feeling that the upcoming US elections will be full of dramas, possibly one of the candidates will be turned into a token martyr.
I want to thank everyone for the kind words. I got an email the other day from a friend who, due to awareness of the thread, made preparations, and is prepared to get through the economic/political storm. I'm glad some of the stuff I post is of benefit to someone.
So, I've got one last post to put in, the last one, the big one, the one that is the confirmation of everything we've been discussing here. It's the world wide economic weapon of mass destruction, the economic apocalyptic bomb. I know Risky and I have been talking about it imploding for the last several years, and there were whispers here and there in the media that it was still ticking, which, of course, is denial. BUT, it's now been confirmed.
I don't know whether to feel vindicated or depressed. Bah, neither. I knew this was gonna happen, and I've got work to do anyway. As they say, before it gets a lot better, it has to get a lot worse. This is my last post on the Trilateral Commission Thread, barring any unforeseen, unbelievable turn of events,
So, in the immortal words of the great journalist, Edward R. Murrow, I want to bid everyone a Good Night, and Good Luck.
"A couple of months ago, a financial analyst who sells derivatives told me that fears about a meltdown in the derivatives market were unfounded.
Yesterday, he told me - with a very worried look - "THE DERIVATIVES MARKET IS UNWINDING!"
Well, it turns out that the reason that Bear Stearns was about to go belly-up before JP Morgan bought it is that it had held trillions of dollars in derivatives, which were about to go south. (The reason that JP Morgan was so eager to buy Bear Stearns is that it was on the other side of these derivative contracts -- if Bear Stearns had gone under, JP Morgan would have taken a huge hit. But the way the derivative agreements were drafted, a purchase by JP Morgan canceled the derivative contracts, so that JP Morgan didn't experience huge losses. That is probably why the Fed was so eager to broker - and fund - the shotgun marriage. JP Morgan is a much larger player, and if Bear's failure had caused the derivatives hit to JP Morgan, it probably would have rippled out to the whole financial system and potentially caused an instant depression).
In addition, the subprime prime loan crisis is intimately connected to the unwinding of the derivatives market. Specifically, loans were repackaged into derivatives called collateralized debt obligations (or "CDO's") and sold to both big and regional banks and investment companies worldwide. The CDO's were highly-leveraged -- many times the amount of the actual loans. When the subprime loan crisis hit, the high leverage magnified the fallout, and huge sums of CDO derivatives became essentially worthless.
Do you remember when wealthy Orange County, California, went bankrupt in 1994? Yup, that was because it had invested in bad derivatives.
And, according to a recent article by one of the world's top derivative insiders, the market for credit default swap ("CDS") derivatives is also unraveling.
And reported just today, Lehman Brothers is now on the edge, due to exposure to derivatives.
Derivatives are the Elephant in the Living Room
The subprime mortgage crisis is bad, and is hurting many people, and slowing the economy. High oil and food prices are bad, and are hurting many people, and bringing down the economy. But -- according to top insiders -- derivatives are the elephant in the room . . . the single largest threat to the U.S. and world economy.
One reason is that, according to Paul Volcker, the former chairman of the Federal Reserve, the entire modern financial system is based upon derivatives, and the financial system today is entirely different from the traditional American or global financial system because derivatives - a relatively new concept - now underly the entire fabric of the financial system. In short, many of the people who know the most about derivatives say that the current system is a house of cards built upon derivatives.
Moreover, as mentioned above, the subprime and derivatives crises are closely linked. Similarly, Britian's New Statesman newspaper links derivatives and rising food and commodity prices:
"This latest food emergency has developed in an incredibly short space of time - essentially over the past 18 months. The reason for food "shortages" is speculation in commodity futures following the collapse of the financial derivatives markets. Desperate for quick returns, dealers are taking trillions of dollars out of equities and mortgage bonds and ploughing them into food and raw materials. It's called the "commodities super-cycle" on Wall Street, and it is likely to cause starvation on an epic scale.
The rocketing price of wheat, soybeans, sugar, coffee - you name it - is a direct result of debt defaults that have caused financial panic in the west and encouraged investors to seek "stores of value". These range from gold and oil at one end to corn, cocoa and cattle at the other; speculators are even placing bets on water prices."
Hiding the Ball
And yet banks and financial houses have hidden their derivatives exposure off the balance sheets. No wonder almost no one understands derivatives:
"Not only [world's richest man] Warren Buffett, but Bond King Bill Gross, our Fed Chairman Ben Bernanke, the Treasury Secretary Henry Paulson and the rest of America's leaders can't 'figure out'" the derivatives market.
Indeed, the government may have actively helped to hide the the derivatives mess since at least 2006. For example, according to Business Week:
"President George W. Bush has bestowed on his intelligence czar, John Negroponte, broad authority, in the name of national security, to excuse publicly traded companies from their usual accounting and securities-disclosure obligations."
Former fed chairman Alan Greenspan has been a huge booster for and defender of derivatives since 1999 or before (and see this). Did you know that the same guy that pushed subprime loans has also aggressively pushed derivatives for many years?
And the other regulatory agencies and Congress have taken a totally hands-off approach towards derivatives.
How Big a Problem?
How big is the derivatives market? Worldwide, it is $596 TRILLION dollars *. The derivatives market dwarfs the real market for goods and services, and acts likes an unregulated black market.
As one writer put it:
"It’s all smoke and mirrors. The financial system has decoupled from the productive elements of the economy and is now beginning to show disturbing signs of instability."
And its not just the U.S. Derivatives salesmen have sold these babies all over the world. Because banks, financial institutions and governments world-wide have bought significant derivatives, the fall out will not be limited solely to the U.S. See this and this.
If the derivatives market is truly unwinding, as my investment advisor friend and some of the top industry insiders say, we could be in for a very bumpy ride.
For further information on derivatives, see these articles:
I will need some time to read up on it all, thanks for the input.
Btw. I was amazed that you named the derivates in one of your later posts, for me this kind of "digital money" (I call it digital because it's not backed up in any ways oftenly) is one of the main causes for the trouble we will see.
A society built solely on imagined worth cannot survive!
