Since 2003 I have told my readers that the destruction of the U.S.economy was planned, essential and a foregone conclusion. It has to do with Peak Oil. There is no economy without energy. The world is running out of oil faster than almost anyone had predicted. Even previously optimistic opponents of Peak Oil have acknowledged that global decline is now between 5.8% and 9% per year. That means that if the world produces 85 million barrels per day this year, it will possibly produce less than 80 Mbpd next year. Demand destruction is conserving a resource for which there is no replacement and this is what has always been intended. An $8 drop in price today has done nothing to reignite demand. The United States, with 5% of the world's population using a quarter of the world's oil, was/is the ONLY point of demand destruction available that will save human industrialized civilization. I have said that consistently for many years. I told you that the real Powers That Be had gotten or would get their money out and safe before they crashed everything. They did... It was your money. It was our money.

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Second; Venezuela, North Korea, Russia, rebels in Nigeria, and pirates off Somalia are becoming increasingly more aggressive. They do this not with the intent of physically attacking the United States itself, but with breaking its credibility and economic back. The U.S. has been humiliated in Georgia and North Korea is firing up its nuclear plants again. I have predicted this for years also and it is totally understandable given the belligerent, hostile and bullying foreign policy of the United States over the last eight years. I predict tha ton the geopolitical scene we are going to see (or not) some very serious realignments beginning over the next two weeks. They will be irreversible. The world is fragmenting along purely geographical lines. Yes, I predicted that too.

Today's rally is just about what I expected. Yesterday $1.2 trillion disappeared and today about half of that came back into the market as brand new money; money that was liquid on the sidelines. In a liquidity crisis, liquidity gets sucked up like water flows down. A lot of this money is probably from brand new investors who have been suckered in, believing they were bargain basement buying. There were probably also a lot of first-time buyers. If this pump and dump crashes again within a month or two it will be wringing the American small investor like a wet towel and it could happen several more times, each one sucking up the last bits of cash Americans have and will need to make it. Look at the market between 1929 and 1932 when the REAL Depression arrived. It's happened before and we are repeating history. Today is only 1929 and I pray we get to 1932 as quickly as possible. Then things can begin to improve, especially if we can get the world more focused on Peak.

A flat market today probably scared a lot of yesterday's new buyers.It should have. But not to fear; with the Senate's passage of the bailout bill, tomorrow will bring more of the sideline money in. That will be the money that was waiting for the bailout bill. You know, the one that still has to go through the House. Many of the rest will enthusiastically interpret that as a "rally" and more of the last remaining cash will come in. It will pump again and it will later dump harder, like a heart exerting all its force to beat the last few times.

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I want to repeat something I have said for six years on the subject of gold. Never buy paper gold. Never buy gold stocks or gold futures. Always buy only physical gold. There is five times more paper gold out there than there is gold out of the ground. Buy gold bullion in either coins or ingots. Keep it close to you and keep it safe. Do NOT close out your safe deposit boxes. They are OK for the foreseeable future. There is no need to deny ourselves things that are still working or to get hysterical. There is enough fear to go around right now.

Well, I think the verdict on the bailout is in. Everyone seems to know it's going to fail already. The Dow fell like a brick after it passed. That gives credence to what I was saying that the Repubs intend to step on this economy like a cockroach. This bill was a steamroller on rocket fuel. Many Dems went along. P olitics didn't allow many members not to vote yes. The rock and the hard places.

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Now California is ready to collapse.

And who was Ahnold's big financial guru? Warren Buffett.

Who is a major stockholder in Wells Fargo? Warren Buffet.

Who bought heavily into a bailed-out AIG? Warren Buffet.

Who bought out Constellation Energy? Warren Buffet.

The big guys are starting to show their cards. That means this is it.

Now I am interested in what Jackson Stephens and Alltel are doing but that would be much harder to see. Even harder to see into Carlyle or Blackstone.

A few days ago I asked if the rest of the world would go quietly down while the US partied on.

Today I ask if 49 states would go down while America's largest and most consumptive economy; the "Hollywood" image of consumption, thrived. California may fail within a month, bringing unforseeable consequences. I just watched my old Congressman Brad Sherman raise the obviuous question. "We just spent all our money on this bailout. So what's California going to do?" Then he essentially said that California is out of luck. Sherman is an accountant and financial expert who was one of FTW's many congressional subscribers.

Now the government will have to borrow $700 billion from banks, with interest, to give banks a $700 billion bailout, and in return the taxpayers get $700 billion in toxic debt. The Senate "improved" the bailout by giving tax breaks to people in foreclosure. People in foreclosure need help paying their mortgage, they do not seek tax breaks.

Across our Nation, foreclosures continue to devastate our communities, people are losing their jobs, and the prices of necessities are skyrocketing. This legislation, just like the one we defeated last week, will do nothing to solve the problems plaguing American families or help them to get out from underneath the oppressive debt they have been forced to take on.

Unfortunately, there has been no discussion of the underlying debt-based economy and the role of our monetary system in facilitating the redistribution of wealth upwards.

It is not as though we had no choice but to pass the bill before us. We could have done this differently. We could have demanded language in the legislation that would have empowered the Treasury to compel mortgage servicers to rework the terms of mortgage loans so homeowners could avoid foreclosure. We could have put regulatory structures in place to protect investors. We could have stopped the speculators.

This bill represents an utter failure of the Democratic process. It represents the triumph of special interest over the triumph of the public interest. It represents the inability of government to defend the public interest in the face of great pressure from financial interests. We could have recognized the power of government to prime the pump of the economy to get money flowing through out society by creating jobs, health care, and major investments in green energy. What a lost opportunity! What a moment of transition away from democracy and towards domination of America by global economic interests.

Last week, I posted ten points (that were by no means exhaustive) for Congressional action immediately in the wake of the financial crisis now gripping our country. At that time, the Democratic leadership of Congress was prepared to adjourn the current legislative Session to campaign, without taking any action at all to put policies in place that protect U.S. taxpayers and the global community that has accepted U.S. financial leadership. Those ten points, to be taken in conjunction with the Power to the People Committee's platform available on the campaign website at (http://votetruth08.com/index.php/resources/campaignplatform), are as follows:

1. Enactment of a foreclosure moratorium now before the next phase of ARM interest rate increases take effect;
2. elimination of all ARM mortgages and their renegotiation into 30- or 40-year loans;
3. establishment of new mortgage lending practices to end predatory and discriminatory practices;
4. establishment of criteria and construction goals for affordable housing;
5. redefinition of credit and regulation of the credit industry so that discriminatory practices are completely eliminated;
6. full funding for initiatives that eliminate racial and ethnic disparities in home ownership;
7. recognition of shelter as a right according to the United Nations Declaration of Human Rights to which the U.S. is a signatory so that no one sleeps on U.S. streets;
8. full funding of a fund designed to cushion the job loss and provide for retraining of those at the bottom of the income scale as the economy transitions;
9. close all tax loopholes and repeal of the Bush tax cuts for the top 1% of income earners; and
10. fairly tax corporations, denying federal subsidies to those who relocate jobs overseas repeal NAFTA.

In addition to these ten points, I now add four more:

11. Appointment of former Comptroller General David Walker to fully audit all recipients of taxpayer cash infusions, including JP Morgan, Bear Stearns, Fannie Mae, Freddie Mac, and AIG, and to monitor their trading activities into the future;
12. elimination of all derivatives trading;
13. nationalization of the Federal Reserve and the establishment of a federally-owned, public banking system that makes credit available for small businesses, homeowners, manufacturing operations, renewable energy and infrastructure investments; and
14. criminal prosecution of any activities that violated the law, including conflicts of interest that led to the current crisis.

The mortgage and credit crisis wasn't merely predictable; it was predicted. And not by a market bear or conspiracy theorist, but by the people and institutions responsible. The record number of foreclosures, credit defaults, and, now, institutional collapses is not the result of the churn of random market forces, but rather a series of highly lobbied changes to law, highly promoted ideologies of wealth and home ownership, and monetary policies highly biased toward corporate greed.

(1) Crime that pays is crime that stays.

There is reason to believe that Wall Street and those they represent are holding loans without collateral, multiple loans secured by the same properties, and other fraudulent instruments among the "troubled assets." Based on the secret "Treasury Conference Call" with 800 Wall Street insiders, we know the deal proposed to be passed by Congress isn't the real deal promised to Wall Street.

(2) This smells like obstruction of justice.

Bail-out without due diligence of so called "troubled assets" is a perfect way to hide documentation of financial crimes. It is also a perfect means to launder both the past ill-gotten gains and new federal money spent recklessly and without necessary safeguards and oversight mechanisms. Be very suspicious when they tell you "we just can't tell what's in these troubled assets." We can assure you that the federal government has field offices all across the country that deal with significant amounts of real estate and mortgage assets on a dailyl basis. If Treasury refuses for more than a decade to comply with the laws, with approximately $4 trillion missing (and counting), it is not competent to manage $700 billion of taxpayer money while its arm is twisted by Wall Street.

(3) Wall Street owes the federal government money.

We need to get stolen money back from the banks that served as depositories for the US government (including trillions for which the Pentagon and HUD could not account) and punish them, not create another opportunity for them to game the system and engage in criminal enterprises to rob consumers. To the extent there has been regulatory wrong-doing, let's not let the miscreants leave town with the evidence.

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(8) The bail-out drains the real economy, rather than invests in the real economy.

The US economy can't be productive or grow if consumers don't have jobs and can't afford to purchase goods and services. Real stimulation of Main Street is accomplished through productive investment, not bail-outs that shift money to unproductive sectors. We should use all of our precious resources to reinvest in our people in the real economy.

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(10) It is a temporary "fix" to keep Wall Street afloat until after the election.

Our resources are better invested in permanent, long-term solutions. This bail-out will not fix anything. Rather, it will help the perpetrators get away and ensure that the ultimate day of reckoning is worse.

The Administration wants to drain the real economy to bail out Wall Street. It seems to us that the more appropriate plan would be to require Wall Street to return the $4 trillion plus that is missing and use that to rebuild the real economy.

We think the time has come to reverse the flow. Go to any business school in the country. That is what they teach. Money should move out of unproductive sectors into productive sectors. The bail-out does just the opposite.

"Just say NO!"

Here are ten ideas that we wrote up to get us started. Sound off with actions you think we can take!

(1) Vote with your feet and our money in your personal banking affairs. Take all the money you control out of big money-center, tapeworm banks and financial institutions and put it in local credit unions, thrift institutions, savings banks and state chartered banks.

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(4) Use your influence to urge institutions and governments you deal with to vote with their feet and the money they control. Urge others to do the same. Make a list of these institutions and governmental and quasi-governmental units and write letters, go to meetings and otherwise get involved in the processes by which they make decisions about where they deposit and invest their cash. Here's a list to get your creativity flowing:

a. Everyone who asks you to contribute money: charities, college and private school endowments and churches
b. State, local and union pension funds
c. City and county governments and government-related entities (e.g., water company, school board, county general fund, bond reserves)

For more ideas on pools of capital in your community, see http://solari.com/blog/?p=1214.

Another thing to keep in mind is that big pools of money like huge charities or charitable pools (e.g., United Way, Red Cross, etc.) and college endowments (e.g., Harvard, with its $30 billion endowment) are usually controlled by members of the tapeworm. This money generally is deposited and invested in the tapeworm. Boards of directors of these institutions are loaded with the good ole boys who may be put in their places to bolster the prestige of their employers and garner social acceptance for institutions whose activities you and I might not approve of (e.g., consider the motives of Archer Daniels Midland in sponsoring public television shows). Reconsider your options so that you invest in causes where you know your contributions are not used this way.

(4) Spend money locally and reduce dependence on big box stores. Make a list of family expenditures over the last year and categorize them in terms of whether they are local or "tapeworm" oriented and whether they are discretionary or non-discretionary. Look at the discretionary category and the money you spent at "tapeworm" restaurants, big box stores, chain stores and similar outfits. Then identify a local alternative for each one, keeping in mind that some big names are franchises owned by local small businesspeople who need our support. If you don't know, go to your local stores and ask who owns them. Also remember that while local grocery stores may be preferable to chains, even at chains you may have the option to choose locally-grown and organic foodstuffs, which both support local and regional farmers and contribute to your family's health and well-being.

When you make out your Christmas list or school shopping list, see how many items you can identify that can be purchased through non-tapeworm sources. Of course, while you're at it, remember that you'll get a "two-fer" in heaven, or more bang for your buck, if your spending decisions favor goods that are produced (a) in this country or at least a country that supports fair labor standards, (b) using green technologies or packaged in recyclable materials, (c) by companies whose employment policies, community contributions, garbage, trash and toxic waste disposition policies, business dealings, production methods and other policies are "net energy plus" and have a positive return on investment to the community.

. . .

(9) Educate yourself and your children about what you really need to know in the future. Urge local public and private schools, community colleges, technical schools and sources of adult education (e.g., community centers, churches and retirement homes and centers) to adopt curricula to teach both children and adults about:

(a) Community self sufficiency and community organizing.
(b) Economics and how the money REALLY works,
(c) What the US Constitution stands for and civic values,
(d) How to fix things: cars, washing machines, plumbing systems, etc. and
(e) The history of our currency (the Federal Reserve, fiat currency, abandoning the gold standard, etc.), NAFTA, the Great Depression and American stock market crashes, financial scandals and crises and what were the causes and solutions.

(10) Start a local solar energy panel franchise, geothermal drilling company or other green business. Retire from your tapeworm job or take the opportunity after a job loss or cut-back to get off the tapeworm job grid. Do business with people you know you can trust. Contribute to a positive return on investment in your community.

The Links Between the Spitzer/Prostitution Scandal and the Mortgage Crisis

But this is beside the point. Wide-ranging conspiracies do take place, whether we are inclined to believe that they do or not. It might well be consoling to believe that the CIA plots the overthrow of unhelpful foreign regimes. But it is also true. To insist that, say, the CIA had nothing to do with the fall of Guatemalan leader Jacobo Árbenz in 1954, or the overthrow of Chile's Salvador Allende in 1973 might feel terrifically sensible and sane – we can't always be seeing the hidden hand of the CIA, there's no call for reductionism. It is also, you know, wrong.

What happened on 9/11 is, in the end, a matter of fact – whatever our worldview might incline us to consider plausible or possible. The true authorship of the attacks is as difficult to establish as anything else about the world of international terrorism and espionage.

For myself, I have no idea what happened, because I have no more idea of how the business-intelligence-political nexus works than I have about what chess grandmasters are up to when they are staring at the board, looking all thoughtful.

The attacks on the US on September 11 2001 were part of a web of events that interconnect with oil, drugs, money, organised crime, imperialism, existing institutions and us. And religion, and a lot more money.

It might feel wise and sensible to declare that any explanation that differs from the official account requires hundreds of impossibly tight-lipped bureaucratic killers. But that presupposes that we know how the world works, and we don't.

The Complete 9/11 Timeline

The Iran-Contra and Arms-for-Hostages Scandals

Neoconservative Think Tank Influence on US Policies

Domestic Propaganda, Military Analysts, and the US Media

Hurricane Katrina

Inquiry into the Decision to Invade Iraq

History of Prisoner Abuse in Iraq, Afghanistan, and Elsewhere

History of US Interventions

Water Privatization

US International Relations

Genetic Engineering and the Privatization of Seeds

The Alleged Use of False Flag Attacks by Intelligence Agencies

The 2008 Credit Crisis

Investigation into the 2004 US Elections

The Top 40 Reasons to Doubt the Official Story

9/11 Truth 101

The Eleventh Day of Every Month

The Shortest Paths to 9-11 Truth

Lies a Sixth Grader Would Not Accept - by Michael C. Ruppert

Michael Ruppert's 9-11 Timeline - "Oh Lucy, You Got Some 'Splainin to Do!"

"Point 1: You Are a Liar" - An Open Letter to Condoleezza Rice by Catherine Austin Fitts

Truthaction.org

Michael C. Ruppert's "From the Wilderness"

The Truthaction.org Forums

In this country, we have a problem. One of many. Our election process is tainted. We are forced to choose between heads or tails of the same exact coin. Because of electronic voting, it is not guaranteed that who you vote for will actually get your vote. Because the media is controlled, we never hear from candidates that do not represent the 1% of this country. Because campaign reform doesn't exist, the candidates of the 1% get as much money as they need, making it impossible for anyone to compete. Third Party candidates are not allowed to enter Presidential debates. Very simply, the process that allegedly gives the people the responsibility of choosing who is best to lead this country, does not work.

We belong to the 9/11 Truth Movement. To us, there is no issue more important than 9/11 Truth. In the coming election, there is only one candidate that represents our interests. That person is former Representative Cynthia McKinney.

Over the years, Cynthia has championed this cause moreso than any other elected official. She has held public and Congressional hearings on this very topic in the hopes of educating Americans about what is really going on. She has confronted people like Donald Rumsfeld, and General Richard Myers about this issue. Since trying to get the Green Party nomination for President, she has made sure to mention 9/11 Truth in every interview I have seen her in.

As I said, our election process is tainted. There is no hope that Cynthia McKinney will win the 2008 Presidential Election. None at all. If you vote for Cynthia, it will be a wasted vote. However, if you question the official account of 9/11 AT ALL, then Cynthia McKinney is your candidate. To me, I would rather vote with my mind, and with my heart, than ever consider giving my vote to someone that does not deserve it. Because of this, my vote is going to Cynthia McKinney.

My suggestion to everyone that belongs to this movement or questions the official account of 9/11 AT ALL is as follows:

Vote for Cynthia McKinney, or don't vote at all. It may be a wasted vote, but the message is clear. We want truth and accountability for the 9/11 attacks, we are not going away, and we are NOT giving our vote to anyone that refuses to do the right thing.