Introduction
Lightbearers should know that the Austrian school of economics
is the one that comes closest to an honest assessment of
economic issues and can deliver many of the insights and
principles on which a Golden Age economy should be based.
Some of the leading thinkers in this school were Ludwig
von Mises, Friedrich Hayek and Murray Rothbard. Their works
are worth studying for they will give you the tools a) to
see through many of the outrageous financial manipulations
by the power elite, b) understand the possible remedies
and c) take measures to protect your own assets.
The latest thinker in this school I became aware of is
Kurt Richebacher. I have been studying his reports and letters
for a little while now and find myself compelled to share
the following:
The fundamentals of the USA economy are in such bad shape
that it will only be a matter of time for the necessary
market corrections to take place. This probably will happen
in a series of shocks to the system. The timing of these
shocks and their consequences are hard to predict, but one
of them is now well on its way and that's the bursting of
the real estate bubble. Prices are flat, inventory is up
and the home equity loan business drying up with the possible
effect that American consumers will tap into their mutual
funds to obtain liquidity, which will exert a downward pressure
on the stock market, which in its volatitlity is again in
the danger zone close to collapse next week due to the expiration
of all kinds of options and futures. A repeat of the 1987
Black Monday scenario will not be a surprise, which I--to
give some backing to my dilitant dabbling in economic science--predicted
to happen based on research done as preparation for a lecture
on economic issues for the Summit Lighthouse of Holland
Foundation. During that research I became familiar with
the works of Dutch economist Pieter Lakeman and Dutch journalist
Pauline van de Ven. They wrote together in 1984 "Failliet
op Krediet: De Rol van de Banken in Nederland" (Broke
by Credit: The Role of the Dutch Banks). Their analysis
pretty much goes parallel with what Richebacher sees happening
in the US economy: too much easy money leading to fundamental
imbalances to be straigthened out by disastrous corrections.
All enabled by its central bankers with the Greenspan Fed
now the most culpable and irresponsible of them all.
Please read for yourself some samples of Richebacher's
analyses on the web site of the Richebacher
Letter and start your own research.
For more research read the following articles and the resources
cited.
Articles & e-mails
The
State of the US Economy, September 2007: Quotes, Analyses
& Expectations (September 2007)
This little report intends to give 1) a sense of the precarious
state of the international economy , 2) some advise for
personal preparedness, 3) warnings about the way the power
elite will use the crisis to further its own dangerous agenda,
and 4) inspiration for some possible solutions
E-mail
following above Report (September, 2007)
The morning after sending the above report the top news
item was the bank run on a UK bank, Northern Rock, the first
in a 100 years in the UK. An ominous sign.
Manipulation,
Manipulation, Manipulation (October 2007)
Follow-up article of "The State of the US Economy"
zooming in on three deceptive strategies to manipulate the
economy: 1) the setting of interest rates by the Feds, 2)
stock-market manipulations by the Plunge Protection Team
and 3) manipulation of the gold price by central banks.
Six Degrees to
Meltdown (March 2008)
Looking into the high possibility of a systemic financial
meltdown caused by the far-reaching fallout of the US sub-prime
mortgage problem and the possibility that the crisis was
designed as part of a long-term One World agenda.
Sliding into VGGD
(Very Great Global Depression) (April 2009)
Nothing has been effectively done to stop the slide. Not
by Bush-Paulson, nor by Obama-Geithner. Only more interventionist
policies, massive bail-outs and the IMF's Special Drawing
Rights as an emerging global currency for the New World
Order.
When the Dollar
Rallies, the Market will Crash (November 2009) Article
by Mike Withney on the next dangerous bubble. Extensive
quotes from Prof. Nouriel Roubini. Introduction by editor
Source Materials
Doomsday for the Dollar:
Why the Dollar Will Crash and How You Can Profit. By Kurt
Richabacher. In-depth analysis by renowned economist of
the Austrian school of economics.
The
Endangered US Dollar. Article by Richard Heinberg on
the history and geopolitics of gold, money, banking and
oil and the causes and effects of a likely "run on
the US dollar." Originally published in the MuseLetter
149 (August 2004). Republished in Nexus
12/1 (Jan-Feb 2005).
Videos
The
Capitalist Conspiracy: An Inside View of International Banking
by G. Edward Griffin.
The
Federal Reserve: A Discourse by G. Edward Griffin
The
Money Masters: How International Bankers Gained Control
of America. Directed and narrated by Bill Still.
Money,
Banking and the Federal Reserve from the
Ludwig von Mises Institute.
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