ABC News: Market plunges on US recession fears

"The Australian sharemarket plunged this morning amid heightened concerns about a recession in the US." http://www.abc.net.au/news/stories/2008/01/07/2133096.htm

Iran stops selling oil in U.S. dollars-Reuters-UK

I get a lot of unsolicited email forwards from people who find our work and think they have permission to fill my inbox with whatever they decide I need to see. I've gotten into the habit of sending most all of it to my spambox. But sometimes I open ones from Anon, who sent this:

Iran stops selling oil in U.S. dollars -report

Reuters-Sat Dec 8, 2007 10:10am GMT
http://uk.reuters.com/article/oilRpt/idUKDAH83366720071208

"For nearly two years, OPEC's second biggest producer has been reducing its exposure to the dollar, saying the weak U.S. currency is eroding its purchasing power.

"Iranian President Mahmoud Ahmadinejad, who often rails against the West, has called the U.S. currency a "worthless piece of paper.""

So many things we all need to consider now, and decisions that have to be made quickly.

According to MSNBC, it's not a done deal..

"A day earlier, Saudi Arabia opposed a move by Iran on Friday to have OPEC include concerns over the falling dollar included in the summit’s closing statement after the weekend meeting. Saudi Arabia’s foreign minister even warned that even talking publicly about the currency’s decline could further hurt its value.

"But by Sunday, it appeared that Saudi Arabia had compromised. Though the final declaration delivered Sunday did not specifically mention concern over the weak dollar, the organization directed its finance ministers to study the issue.

"OPEC will “study ways and means of enhancing financial cooperation among OPEC ... including proposals by some of the heads of state and governments in their statements to the summit,” OPEC Secretary General Abdalla Salem el-Badri said, reading the statement."

http://www.msnbc.msn.com/id/21870271/

We are in the final stage of the coup against the American system, and the international bankers who run the private banking cartel called the "federal" reserve have planned our economic collapse for over a century. What will we do when the curtain drops and we see the grand finale in all its horrible manifestations? Will we put our faith in the same people who brought us to our knees?

There IS a reason why the federal government and many states have passed laws granting them the power to confiscate all people, property, and supplies during a "national emergency."

I can't help thinking about Congressman McFadden's "tirade" against the fed where he accused them of "causing the Great Depression." The official response was that yes, the fed DID cause the Great Depression in 1929, but they didn't mean to do it, so McFadden was wrong in accusing them. He wasn't wrong in accusing them of DOING it, but in doing it WILLFULLY. When the Rothschild's Bank of England took Germany off the gold standard, the mark became "worthless" as a currency and unemployment skyrocketed to 5 million within six months. Then along came Herr Hitler (funded by the Rothschilds?), who rose to power by rebuilding a national bank and the German economy. This is why many people still see Hitler as a good guy. History shows us that any well-financed murderer who comes along and "restores" the system can be viewed as a "hero." Will Americans keep falling for the same line of b.s. as the German people did?

Hmm. Isn't Hillary Clinton funded by the Rothschild's Bank of England? How well does she know Lynn Forrester de Rothschild (the American who helped turn the Democratic Party into a Third Way communitarian party in 1990, and then married the president of the Bank)?

How long before our people are told the seriousness of our situation? Are we like children who are never included in the grown-up's plans and discussions? Yeah, when the time comes for us to move out of the way of global social progress, all we will be told is what to do and where to go.

And don't go thinking you can run to the forest or the mountains when they start rounding people up in the urban centers... our enemies began locking up our forests a hundred years ago. Nearly all the American wilderness is under the "protection" of the internationalists. The good news is, the greenies in the forests don't carry firearms ('cause the bears are their friends). The bad news is, all our U.S. forest rangers are sniper trained by the Israelis.

U.S. Economy-- Impending Destruction

GerTee's glassfront door in 30 below zero, F.

As the communitarian's economic backdrop falls into play, we move closer to the crisis that will heighten the "need" for a new currency and help to foster a new trading partnership between the U.S., Mexico and Canada. The news is so bad lately we're wondering how many months (as opposed to years) before we're burning worthless federal reserve notes as fuel for the woodstove. I sure hope everyone has a financial plan B.

Did my interview on Jeff Rense. We talked about GerTee's possibilities as a solution to homelessness. He asked the right question: What if you took ten acres and built 100 of these with the sanitary infrastructure included? Now we don't have any of that here...we haul firewood and clean liquids in, and we haul all ashes and brown water to the outhouse. People don't "need" indoor plumbing to have a home.. it's just one of those wonderful American expectations that I would SO, SO love to have right now that it's 30 below. Rense is an unusual NWO researcher because he's interested in exposing communitarianism, especially after he saw how powerful and imaginative they can be when they're stealing local resources. My apologies to the ladies... I may have accidentally swore at the end of the show. Nordica was here bugging me and I lost track of the interview. You can take the bartender out of the bar.. but you can't take the bar out of the ex-bartender.

From Peter Myer's elist:

December 3, 2007

"Innovating Our Way to Financial Crisis"

By PAUL KRUGMAN

www.nytimes.com/2007/12/03/opinion/03krugman.html

"The financial crisis that began late last summer, then took a brief
vacation in September and October, is back with a vengeance.

"How bad is it? Well, I’ve never seen financial insiders this spooked —
not even during the Asian crisis of 1997-98, when economic dominoes
seemed to be falling all around the world.

"This time, market players seem truly horrified — because they’ve
suddenly realized that they don’t understand the complex financial
system they created."

"Impending Destruction of the US Economy"

By Paul Craig Roberts

http://www.informationclearinghouse.info/article18787.htm

"11/28/07 "ICH" -- --- Hubris and arrogance are too ensconced in Washington for policymakers to be aware of the economic policy trap in which they have placed the US economy. If the subprime mortgage meltdown is half as bad as predicted, low US interest rates will be required in order to contain the crisis. But if the dollar’s plight is half as bad as predicted, high US interest rates will be required if foreigners are to continue to hold dollars and to finance US budget and trade deficits.

"Which will Washington sacrifice, the domestic financial system and over-extended homeowners or its ability to finance deficits? "

"Investing in China: but how long before the bubble bursts?"

By Mark Harris, 01/12/2007, U.K. Telegraph

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/12/01/cmchina01.xml

"Is the Chinese stockmarket a bubble waiting to burst or is a new economic leader emerging that can steal the crown from the US?"