Tipping Point
(Gold: $300 Trillion per ounce?)
by Edgar J. Steele
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I believe that America, finally, has achieved critical mass and
simultaneously has reached or is approaching her "tipping point"
regarding a great many issues.
Tipping points inherently are deceptive. Overtly, one perceives a
sudden, dramatic shift, often without notice. Unlike schoolyard
teeter-totters, however, the required force usually is not applied
all at once. Let me give you a personal example.
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When I was younger and even more foolish than today, I smoked
cigarettes. "Everybody did it," as they say, in those days.
Gradually, my disgust with the habit outgrew the coolness that I
imagined cigarettes imparted, Bogart-like, to my image, but smoking
had become an ingrained, habituated ritual and physical addiction.
Incidentally, most people tend to overlook the ritualistic
significance of handling cigarettes, which is why, I believe, most
find it so difficult to quit smoking. The physical nicotine
addiction, which is surmounted in about three days, is the least of
it.
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For years, I would quit, then start again ... and again ... and
again. Sound familiar? Toward the end of my addiction, I even
changed brands to one that I didn't like at all ("Advantage," which
was like smoking old, rolled-up newspaper compared to my
beloved/hated charcoal-filter Tareytons). Yet, I continued to put
them away, two packs or more, each and every day.
I remember clearly the moment I reached my cigarette tipping point:
I was navigating a troublesome 5-way intersection in Oakland,
California during rush hour, signaling, looking around, dodging
other cars, shifting gears, turning the wheel and juggling a
cigarette that slipped from my fingers. Smokers are all-too-familiar
with this situation, source of countless burnt spots in clothing,
upholstery, carpentry and assorted body parts. Once through that
intersection without killing anybody, I snagged up the smoldering
butt. Looking at what had become my very last cigarette with the
sort of disgust so many of us feel concerning George Bush these
days, I stubbed it out in the overflowing ashtray. I haven't had a
cigarette in nearly 40 years. Not once, in all that time, have I
wanted one.
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For years, I would quit, then start again ... and again ... and
again. Sound familiar? Toward the end of my addiction, I even changed
brands to one that I didn't like at all ("Advantage," which was like
smoking old, rolled-up newspaper compared to my beloved/hated
charcoal-filter Tareytons). Yet, I continued to put them away, two packs
or more, each and every day.
I remember clearly the moment I reached my cigarette tipping point: I
was navigating a troublesome 5-way intersection in Oakland, California
during rush hour, signaling, looking around, dodging other cars,
shifting gears, turning the wheel and juggling a cigarette that slipped
from my fingers. Smokers are all-too-familiar with this situation,
source of countless burnt spots in clothing, upholstery, carpentry and
assorted body parts. Once through that intersection without killing
anybody, I snagged up the smoldering butt. Looking at what had become my
very last cigarette with the sort of disgust so many of us feel
concerning George Bush these days, I stubbed it out in the overflowing
ashtray. I haven't had a cigarette in nearly 40 years. Not once, in all
that time, have I wanted one.
Other smokers began to challenge me enviously, then, as it became clear
that I was well clear, asking how I had managed to quit so easily - so
effortlessly. I tried to tell them about my years of growing disgust,
but could not point to any single thing, not even that brief moment in
traffic when I reached my tipping point, that helped them out of their
habit.
Others thought that I was hiding some powerful secret. To them, I quit
overnight. I knew better. I simply had reached the point where my desire
not to smoke had overtaken my desire to smoke and, just like that,
overtly manifested what had been building for years. To me, it was a
long, drawn-out process, fraught with countless false starts and too
much effort to describe. To them, I had captured lightning in a bottle.
Almost always, tipping points are like my conversion from smoker to
non-smoker. Things seem so normal, so unchanging, for so long, despite
nagging warnings and recurrent little signs to the contrary. Suddenly, a
tipping point is reached and lasting change occurs. A stock market
crashes. A currency hyper inflates. Economic depression befalls entire
nations. World War suddenly erupts from some small regional conflict.
Infection becomes epidemic. History is replete with examples.
Only the Reality of Change Never Changes
In fact, if there is one thing that history should teach us, it is that
the status quo - always - is only temporary. Why should today be any
different? Why should America escape the fate of every empire that has
fallen before her time?
The signs of imminent change are everywhere today and seem, just
recently, to have accelerated, both in frequency and in number.
Individually, the tipping points heaving into view are manageable.
Problem is, the accretion of imminent tipping points worldwide and,
particularly, in America is mind boggling:
America's war effort in Iraq is on the verge of total collapse, despite
media reports to the contrary. Yet we are about to invade Iran?
The Russian Bear once again has emerged, is heavily patrolling outside
its own borders with nuclear-armed bombers and ships and has strongly
warned both Israel and America not to interfere in Iran.
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The mortgage market is on the verge of total collapse, as
indicated by the sudden failure of not-so-subprime lenders in
addition to a raft of lower-rung mortgage companies. Yet, that sea
of Adjustable Rate Mortgages has only just begun to ratchet up from
their teaser rates.
Home foreclosures have doubled in the past year alone (and
foreclosures have been posting new annual records for a while now).
Because most money market accounts and a great many financial
derivatives are backed solely by home mortgages, packaged in
different ways and with impressive-sounding names, people and
institutions are dropping commercial paper like hot potatoes.
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Now that all laws against banking usury have been suspended, just wait
until enough Americans see their credit card balances being charged
interest at the rate of 36% for being a day late with a single payment
or, perhaps, merely going over their limit a few dollars.
Bankruptcy no longer is an option for most Americans, due to changes in
the law secretly emplaced by Congress doing the bidding of the banking
industry. This will be interesting as we find out if they intend to
reinstitute debtors' prisons. At least, it will be a way to get a meal
("Please, sir, may I have some more porridge?")
Derivatives in general and hedge funds, in particular, are on the verge
of total collapse, just as so many hedge funds already quietly have been
subsumed by their own industry and government (but, I repeat myself).
The stock market should have crashed long ago and shows signs now of
growing beyond the control, even, of the plunge protection team composed
of banking industry and government people (but, again I repeat myself).
The Choice: Stock Market Crash or Stock Market Crash
Many say that interest rates must increase, else the dollar will
disappear into hyperinflation, with the market crashing into nonsensical
dollar values. If interest rates are increased, however, the resultant
increased cost of doing business alone will crash the market.
Given how far the market has been stretched by the outrageously
expansionary monetary policies of ex-Federal Reserve Chairman "Easy Al"
Greenspan and, now, "WhirlyBen" Bernanke, a crash, whether controlled or
in a rush, is unavoidable. Nothing - nothing - can save the stock market
now.
Remember that financial markets can crash upwards, too. It just requires
a measuring currency that devalues faster than the market appreciates.
In fact, America's stock market has been crashing upwards for years,
already.
The Lesson of History is Lost on Everyone
As always, history would be instructive if we would but pay attention.
Not just those who fail to study history are doomed to repeat it, as
America's current plight has been experienced, time and again, by each
and every single empire since the dawn of civilization. Similarly, if
one would but see, the path ahead clearly is set out by the recorded
experience of those past empires. It isn't pretty.
Let's focus on just one such experience, that of post-WWI Germany. Not
the same, you say? Germany was a defeated nation, saddled with crushing
war reparation payments and overseen by hostile, foreign interests,
after all. Fair enough objection. Let's dispel it.
The Usual Suspects ... Again
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Time does not allow full development of the concept in this
space, but suffice to say that America, too, is a defeated nation
(subject of the slow, rolling coup that broke into the open with the
assassination of JFK) and now is overseen by hostile, foreign
interests in the form of the usual suspects: the globalists ...
central bankers ... some might even say Jews. And that is just the
beginning of the similarities.
Now, you stop right there! I saw that grimace cross your face. I
heard you mutter in disgust, "Just another anti-Semitic screed."
Perhaps. Perhaps not. Try to keep an open mind, because it is
impossible to pin the tail on this donkey with euphemisms like
"central bankers" or, even, "Zionists."
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Discussing America's impending disaster without using the J-word
is like trying to describe the phenomenon of Elvis impersonators
without using the E-word. In an absurd mixture of metaphor and
mostly just for fun, visit www.jewishelvis.com and listen to Jelvis
sing "Blue Suede Yarmulke."
Ahem ... now, seriously, one absolutely must understand the tribal
and clannish Jewish mentality that places race ahead of country,
always in fear of being displaced, always needing total control,
always creating its own opposition and persecution and always ...
always overreaching, thereby leading to ejection or destruction.
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Just as Germany nearly a century ago was saddled with Jewish
bankers and governmental overseers following the Versailles Treaty,
so is America governed today. The import of this fact goes well
beyond coincidence.
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America's Federal Reserve Bank is foreign owned (primarily Jewish), just
as was post-WWI Germany's Reichsbank.
America's government thoroughly is in the hands of Jewish interests,
just as was post-WWI Germany's.
America's media today is entirely owned and run by Jewish interests and
is used primarily as a tool of social engineering via propaganda, just
like post-WWI Germany.
America today is saddled with crushing financial obligations she cannot
meet, both at home and abroad. Before much longer, every single dollar
taken in via tax collections will be spent merely on government interest
payments. America quite literally never can repay her debts. Just like
Germany nearly a century ago.
Just like Germany of the 1920s, America has begun to create money
infinitely and very recently has made clear her intent to continue to do
so.
If you seriously doubt any one of the foregoing propositions, then you
simply haven't been paying attention and you need to do some fundamental
spadework, which the Internet makes so easy. Incidentally, if you
disbelieve anything I just have told you and don't do this basic
research, if only in an attempt to discredit me, then you are a fool and
I wash my hands of you.
Economic Tipping Points
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That's the background. Now, here's the setup:
Germany's Reichsbank literally poured money into the German economy,
starting in 1914 and then accelerating in earnest in 1919, both
directly and by letting all true German street banks create money
through lending and fractional-reserve banking. Just like America
today.
The German government was run for the internationalist purposes of
its Jewish masters, leading to an inflationary economy, decreasing
morality and so many other indicia of America today. So much money
was created that the amount in foreign hands lent itself to
international speculative short selling of the Mark. Just like
America today.
Germany's tipping point came when a critical mass of the Mark
enabled the foreign speculation. The speculative short selling, soon
to begin with American dollars, marked the beginning of Germany's
inexorable march into hyperinflation.
Between 1914 and 1919, the value of the German mark versus the
American dollar fell from 4:1 to 8:1 (25 cents to about 12 cents), a
decline of 50% in just five years.
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Now, consider the fact that, between 2002 and 2006, also a span
of just five years, the American dollar fell 50%, as well, during
which time average American wages actually fell slightly in
unadjusted dollars (thus, a halving of the American standard of
living, but for the real estate bubble that enabled Americans to use
home equity as a source of funds).
It was at just the point America finds herself today that Germany
reached her economic tipping point: the Reichsbank opened the
monetary floodgates (just as the Fed did within the past week) and
the Mark began to spiral out of control into hyperinflation.
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One year later, during 1920, the Mark was worth but 2 cents
(50:1). In 1921, the Mark brought slightly more than one penny
(100:1). In 1922, true hyperinflation set in and it took 1000 Marks
to buy a single American dollar. In 1923, with the end in sight, the
ratio quickly soared from 18,000:1 to 4 trillion Marks to 1 dollar!
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Gold: $300 Trillion per Ounce?
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From tipping point to oblivion in just four years. If the
parallel holds true, then gold should be worth $3,000 per ounce
later in 2008, $75,000 in 2009, $750,000 in 2010 and $300 trillion
per ounce sometime in 2012.
Could this really happen in America? Yes, though probably not so
dramatically. Once a tipping point is reached, don't forget, things
can appear to change almost overnight. But, consider merely the
effect of the dollar falling by half yet again during the next few
years - and I absolutely guarantee you that the decline will be far
greater than half.
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Coming Collapse
As I first foresaw long ago (and, in truth, wrote Defensive
Racism to sound the warning), the coming economic debacle will make
the Great Depression look like a church picnic and cause us to start
numbering our economic depressions, just as we now do for widespread
warfare. At the time, many called me a loon for predicting that
Depression II was coming. Today, the possibility is openly discussed
on CNBC, of all places.
In the process, the American middle class will be eliminated, just
as last century in Germany: "Annuities, pensions, proceeds of
insurance policies, savings accounts in the banks, income from bonds
and mortgages - every form of revenue which had been arranged for at
some time in the past, and which often represented the economy,
foresight, and personal planning of many years - now turned to
nothing. The middle class was pauperized and demoralized." ("A
History of the Modern World," Palmer, et al., 9th Ed., 2002)
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At about the time of Germany's tipping point, one obscure German
observer noted that, "The government calmly goes on printing these
scraps of paper because, if it stopped, that would be the end of the
government. Because once the printing presses stopped - and that is
the prerequisite for the stabilization of the mark - the swindle
would at once be brought to light. Believe me, our misery will
increase. The scoundrel will get by. The reason: because the State
itself has become the biggest swindler and crook. A robbers' state!?
If the horrified people notice that they can starve on billions,
they must arrive at this conclusion: we will no longer submit to a
State which is built on the swindling idea of the majority.
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We want a dictatorship." Years later, that obscure observer rose
to international acclaim, even being named Time Magazine's 1938 Man
of the Year, when his foresight was proven true. His name? Adolf
Hitler.
Happen to know of anybody who, in recent years, has remarked
repeatedly about America needing a dictator?
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What's the Point of Having a Police State if You Don't Use
It?
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Do you think our masters don't pay attention to history? Do you
think they aren't readying the framework to restrain the great
American masses who can be expected to rise up, just as did the
Germans, nearly a century ago? If not, then you tell me just what
all this Patriot Act and American police state hooha is for, then.
It is not to protect you and me. It is to protect them from you and
me.
How best to prevent having a truly effective dictator like Hitler
rise up on behalf of the common man? Why - have your own stooge
dictator already in place, of course. How on earth do you think that
somebody as patently stupid as George Bush possibly could have
attained the Presidency? Bush may think he is the man and I see a
great many Internet commentators openly fearing his canceling the
upcoming election, but I see no danger of that happening.
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Only stooges vetted by AIPAC and the ADL are allowed to vie for
the American Presidency. Therefore, they can give us regular
elections, thereby providing the illusion of democracy, while all
the time maintaining a firm grip on the levers of power. Bush is
just a place marker stooge, readily interchangeable with Clinton,
Obama, Giuliani, Romney and so many others who already have sold
their souls to Israel for their place at the trough.
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How else do you think we so thoroughly could have tossed out the
Republican congressional miscreants during the last mid-term election,
thinking we would get change, only to get a Democrat-controlled House
and Senate that both go against predominant American stated desires even
more than their Republican predecessors? Obviously, they are responding
to someone other than the electorate!
Will there be world war? Of course. They must have something to distract
us and to blame for our coming economic misfortune. When? Soon. Very
soon. Of course, that is just another historical profit opportunity for
the international banking interests who truly own and run America as
they get yet another opportunity to sell and lend to both sides at once,
then pick up the pieces afterward at pennies on the dollar.
The American Tipping Point
Economic reports of just the past couple of weeks demonstrate that a
critical mass has been attained. I believe that America now has reached
her economic tipping point and, from the perspective of history written
a hundred years from now, seemingly overnight the American landscape
will be seen to have changed forever. "But things look so normal," you
may protest. Yes, but I predict that America in a year or two will look
very different.
There is No Hope
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Do not look to the system for any sort of meaningful change.
Voting is rigged. Everything is rigged. Of the current announced
Presidential candidates, only one would effect meaningful change:
Ron Paul. I hesitate to endorse the man because I so like him.
I firmly believe that, if the current media disinformation campaign
fails and Ron Paul actually becomes a leading contender, they simply
will kill him as they have so many before (Huey Long and Robert
Kennedy come to mind). If elected and he lives through to his
inauguration and refuses to knuckle under, they simply will kill him
then, just as they did JFK.
Make no mistake - Ron Paul would make a great President, but it
simply ain't gonna happen, folks. But, he says he wants the job, so
he's got my vote, regardless.
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Possibilities
There are possibilities, but none of them are pretty.
Perhaps America will get nuked into submission by a world tired of being
bullied at every turn. Once backed by gold, then by oil, the dollar
today is backed by America's nuclear arsenal. Do what we say and use the
dollar to transact international business or we will bomb you into
rubble. Just ask Iraq. A nuclear exchange, finally, will pull America's
trump card.
Perhaps a popular revolt will take hold and make meaningful inroads,
despite the militarization of local police forces. This latter
possibility will require our reaching a political tipping point, marked
by government troops machine gunning citizens wholesale in the streets.
From our perspective how much longer do we have before we can expect
significant overt change? If this were being televised, I would look at
my watch to drive home the point. Maybe weeks. Maybe months. Maybe even
a year or two more, but that is pushing it. Certainly, by 2012 you will
not recognize America, if she exists at all by then.
So there you have it. We're doomed. The only question is whether our
current masters will be able to hold on through the coming economic
tsunami about to sweep over America and the rest of the world. I'm
betting they won't. After all, we know where they live.
Mark my words well: one day we will come for them, drag them out and
line them up against a wall - after a fair trial, of course.
New America. An idea whose time has come.
My name is Edgar J. Steele. Thanks for listening. Please visit my web
site, www.ConspiracyPenPal.com, for other messages just like this one.
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