Monday, October 20, 2008

How did I/they know?

How did I know so many years in advance, that there would be a economic collapse like the one we are witnessing today?
Where did I buy my crystal ball?
What are the skills involved?

There are no crystal balls or skills involved when telling what's on TV if you read the TV-Guide.
You just have to make sure you have the correct TV-Guide, then it becomes pretty simple, and in this case the source deserves the credit of predicting, I was just reading the TV-Guide.

My (first little) economic warning on Sept. 9th was based on a mail alert that was sent out to subscribers by Michael C. Ruppert at From The Wilderness on September 9th 2001.
Because of the accuracy in Ruppert's reporting I trusted this source and I decided to warn my friends of the upcoming events.
Little did I know that the events 2 days later was a big part of the same story, and still is... research the Deutchebank's role in 9/11 if you are curious....

I would like to show you this warning that triggered my urge to warn people of upcoming events. So that you can judge for yourself and see what was visible in the mainstream media, hidden in plain view before 9/11.

Please keep in mind that this article was posted 2 days before 9/11, 7 years ago!

Global Economic Collapse Likely

Derivatives Bubble About to Burst -- Manipulated Gold Prices About to Explode

Can Wall Street Survive?

by Michael C. Ruppert

FTW, Sept. 9, 2001 - I cannot overstate the importance of this post in helping to understand the economic precipice on which we are all perched. More importantly, there is also a huge socio-political precipice that is just as dangerous because of the fact that trust in government institutions is at an all time low. Every time there is a police shooting these days, whether as corrupt as those revealed in Miami recently; as indicative of bad judgement and poor training as the one in Santa Clarita; or as justified as those in Indiana; the "automatic" reaction of many now is that the cops are always wrong. This "barometer" of public trust indicates that average people are beginning to have a first reaction that government and major institutions are "the enemy" rather than that they should be trusted. Right or wrong, the implications for society as a whole are ominous when emotion overrides reason.

(read full article)


This article is also of great importance, published July, 8th 2002:

The Gathering Storm

· Global Financial and Economic Crash Imminent

· Stock Market, Pension Funds, U.S. Dollar on Brink of Collapse and Implosion

· Theft and Fraud Losses to U.S. Taxpayers Exceed $4.2 Trillion

by Michael C. Ruppert

Excerpt:

Soros was extremely upset about what was happening to the U.S. dollar, which has been falling against various currencies for about a month. The key to understanding this lies in the lesson I learned at an economic conference in Moscow in spring 2001. Almost all countries in the world use the U.S. dollar as their reserve currency. They have bought trillions and are holding them. If another currency becomes more valuable or is viewed as more stable, then the world will switch currencies, and trillions of dollars will come back into the country -- inflation would be inevitable and the dollar would lose its value.

In the week ending July 5, the dollar closed consistently at or near parity with the Euro. As of this posting it sits at (U.S.) 99 cents and has been hovering there for more than a week. Since various economic "reforms" from the 1950s to the 1970s removed the dollar from the gold standard it has been a fiat currency, unconnected to any measure of intrinsic value. The full faith and credit of the United States -- along with its military -- have given the dollar its value. The Euro is partially backed by gold and there have been lingering but credible rumors for years that the U.S.'s gold reserves have been moved to Europe.

Soros told Reuters, "But the declines in the markets have gone somewhat further than what would be the natural consequences of the previous exuberance...

"The decline in the dollar came as a surprise to me...I attribute it to lack of confidence in the management of affairs by the United States, its unilateralism, the pursuit of national self-interests and not living up to the responsibility of being the dominant financial power in the world, not taking care of the system."

What is Soros setting us up for? The pumping of the stock market occurred while Bill Clinton was president. Yet he's blaming Bush. Is another Herbert Hoover being created before the big crash? The signs are there. Britain's paper the Independent ran a June 28 story headlined, "WorldCom scandal: Currencies: Latest Wall Street disaster sends investors all over the world running for cover." The lead read, "The U.S., dollar yesterday moved to the brink of free fall, a nightmare scenario for the world economy, after reverberations from the WorldCom scandal triggered panic among investors."

That was before the announcements about Reliant and Merck.

The story painted a glum picture. "'This is threatening to become a disorderly market,' David Bloom, global economist at HSBC said. 'There's no better way to show loss of confidence in a country than through its currency.'"

Quoting another financial expert, the Independent reported, "'If the dollar's decline turns explosive, this could compound the problems of the U.S. asset markets as currency losses raise fears of massive capital flight out of the U.S.'"

(read full article)