FROM THE MW THREADS TODAY 3/30/09

FROM "PROPHECY" (HIS USERNAME) In Germany, when Hitler came to power, it was a time of terrible financial depression. Money was worth nothing. In Germany people lost homes and jobs, just like in the American Depression in the 1930s, which we have read about in Thoene’s Shiloh books. In those days, in my homeland, Adolph Hitler was elected to power by promising ‘Change.’ He blamed the ‘Zionists’ around the world for all our problems. He told everyone it was greedy Zionist Bankers who had caused every problem we had. He promised when he was leader, the greedy Zionist bankers would be punished. The Zionists, he promised, would be wiped off the face of the earth. So Hitler was elected to power by only 1/3 the popular vote. A coalition of other political parties in parliament made him supreme leader. Then, when he was leader, he disgraced and expelled everyone in parliament who did not go along with him. Yes. Change came to my homeland as the new leader promised it would. The teachers in German schools began to teach the children to sing songs in praise of Hitler. This was the beginning of the Hitler Youth movement. It began with praise of the Fuhrer’s programs on the lips of innocent children. Hymns in praise of Hitler and his programs were being sung in the schoolrooms and in the play yard. Little girls and boys joined hands and sang these songs as they walked home from school. My brother came home and told Papa what was happening at school. The political hymns of children proclaimed Change was coming to our homeland and the Fuhrer was a leader we could trust. I will never forget my father’s face. Grief and fear. He knew that the best propaganda of the Nazis was song on the lips of little children. That evening before he said grace at the dinner table, he placed his hands upon the heads of my brothers and me and prayed the Living Word upon us from Jeremiah 1:4-5. ‘Now the Word of the Lord came to me, saying, ‘Before I formed you in the womb I knew you, and before you were born I consecrated you; I appointed you a prophet to The nations.’ Soon the children's songs praising the Fuhrer were heard everywhere on the streets and over the radio. ‘With our Fuhrer to lead us, we can do it! We can change the world!’ Soon after that Papa, a pastor, was turned away from visiting elderly parishioners in hospitals. The people he had come to bring comfort of God’s Word, were ‘no longer there.’ Where had they vanished to while under nationalized health care? It became an open secret. The elderly and sick began to disappear from hospitals feet first as ‘mercy killing’ became the policy. Children with disabilities and those who had Down syndrome were euthanized. People whispered, ‘Maybe it is better for them now. Put them out of misery. They are no longer suffering. And, of course, their death is better for the treasury of our nation. Our taxes no longer must be spent to care for such a burden.’ And so murder was called mercy. The government took over private business. Industry and health care were ‘nationalized.’ (NA-ZI means National Socialist Party) The businesses of all Jews were seized. (Perhaps you remember our story in Berlin on Krystalnacht in the book Munich Signature) The world and God’s word were turned upside down. Hitler promised the people economic Change?

Obama Lies-Senate Uses Sneak Attack On Guns (EMAIL 3/27/9)

Obama Lies-Senate Uses Sneak Attack On Guns As a presidential candidate, Barack Obama deliberately and repeatedly lied to America's 90 million gun owners across the country when he insisted that he would not try to take away anyone's firearms, the Citizens Committee for the Right to Keep and Bear Arms said. Now House Republicans are trying to add an amendment to the public lands "Ominous Spending" lands bill that would codify the right to carry concealed weapons in national parks, less than a week after a federal judge blocked a similar proposal. But, Senate leaders have devised a strategy to use a bill that had already passed the House -- H.R. 146, a proposal to protect Revolutionary War battlefields -- and strip its contents, replacing it with the "Ominous Spending" lands bill. Because the House already passed H.R. 146, the Rules Committee can approve a closed rule that would block a motion to recommit, eliminating the GOP's best procedural chance to stymie the bill. The chamber would only need a simple majority vote to concur with the Senate amendment. CCRKBA Chairman Alan Gottlieb, reacting to the "Ominous Spending" lands bill tactic to force more gun control on U.S. citizen's said "the sneak attack on guns reveals the Democrats clear intention to outlaw guns everywhere" "Obama "has been lying to the nation when he says he will not take guns away." U.S. District Judge Colleen Kollar-Kotelly placed an injunction on the Interior rule last week. The judge's ruling infringed on the rights of gun owners as drivers in areas such as Washington, D.C., often drive through federal park lands every day. Rob Bishop (R-Utah) said "It's ridiculous for people to be subject to two different sets of regulations simply because their car moved a few feet," Bishop said in a statement. "The judge's decision last week was wrong." Select Here to Reject Gun Bans and Fax to all 100 Senators and all 435 House Representatives: URL: https://secure.conservativedonations.com/ccrkba_fax/?a=2202 "We warned America that Obama's 'support' for the Second Amendment was empty rhetoric," he stated, "and now his support for the "Ominous Spending" lands bill shows Obama was lying, and now gun rights may be dying." "Right now," said Gottlieb, "I wouldn't take Obama's word if he said it rains a lot in Seattle. Apparently, law-abiding gun owners have nothing to fear unless they drive to work in Washington DC and park or drive in the wrong place." Select Here to Reject Gun Bans and Fax to all 100 Senators and all 435 House Representatives In order to stop Obama and his fellow Democrat gun-grabbers-we need to let the Congress know with thousands of faxes telling them to leave guns alone. Americans like you who understand what our Founding Fathers envisioned for our nation…and who are willing to fight to defend our Constitution and for what it stands. So please, help the Citizens Committee and me defeat those who wish to gut and trash the United States Constitution. Help me flood the U.S. Senate and the House with the sea of FAXES big enough to drown each and every Senator and Representative willing to vote away the Second Amendment. Please, send your Donation and FAX TODAY! Select Here to Reject Gun Bans and Fax to all 100 Senators and all 435 House Representatives Keep calling your Senators and Congressmen today, toll free numbers include 1-877-851-6437 and 1-866-220-0044, or call toll 1-202-225-3121 AND REGISTER YOU'RE OUTRAGE at ongoing efforts to take guns away! CALL PRESIDENT OBAMA, 202-456-1111 and 202-456-1414 expressing your disdain and ABSOLUTE REJECTION of all GUN BANS. DO NOT BE SILENCED – MAKE YOUR VOICE HEARD! NOTE: We need TENS OF THOUSANDS of faxes and PHONE CALLS and EMAILS delivered to ALL Senators and Representatives right away! For our projects to be successful, we must count on the voluntary financial support from individuals like you who care. Your contribution of $20 or $25 is urgently needed today. Your donation for just $10 will help so much. If you can afford to send $50 or $100 or more it would truly be a godsend. Remember, protecting our freedom is not inexpensive. But then, it's impossible to put a price tag on freedom. Select Here NOW Send Your Most Generous CCRKBA Donation Together, we can preserve the Constitutional rights our Founding Fathers intended our people to have forever. For more information about CCRKBA go to www.ccrkba.org Thank you. I know I can count on you. Sincerely, Alan Gottlieb Chairman Citizens Committee for the Right to Keep and Bear Arms If you prefer to donate by check, please mail to: The Citizens Committee for the Right to Keep and Bear Arms 12500 NE Tenth Place Dept Code 2202 Bellevue, Washington 98004

GUN BAN LIST

CREDIT TO GOLDMELTER FOR THIS INFO. The Gun Ban list is out: Here it is folks, and it is bad news. The framework for legislation is always laid, and the Democrats have the votes to pass anything they want to impose upon us. They really do not believe you need anything more than a brick to defend your home and family. Look at the list and see how many you own. Remember, it is registration, then confiscation. It has happened in the UK, in Australia, in Europe, in China, and what they have found is that for some reason the criminals do not turn in their weapons, but will know that you did. Please send this to everyone you can. It will come up for a vote, and it might even be a secret vote if Madame Pelosi has her way, and then it will be a done deal. ...thanks to Colonel Rus. Hal Right to own a gun: Remember... The first step in establishing a dictatorship is to disarm the citizens. Get ready America!!! Gun-ban list proposed. Slipping below the radar (or under the short-term memory cap), the Democrats have already leaked a gun-ban list, even under the Bush administration when they knew full well it had no chance of passage (HR 1022, 110th Congress) It serves as a framework for the new list the Brady's plan to introduce shortly. I have an outline of the Brady's current plans and targets of opportunity, It's horrific. They're going after the courts, regulatory agencies, firearms dealers and statutes in an all out effort to restrict we the people. They've made little mention of criminals. Now more than ever, attention to the entire Bill of Rights is critical. Gun bans will impact our freedoms under search and seizure, due process, confiscated property, states' rights, free speech, right to assemble and more, in addition to the Second Amendment. The Democrats current gun-ban-list proposal (final list will be worse): Rifles (or copies or duplicates): M1 Carbine, Sturm Ruger Mini-14, AR-15, Bushmaster XM15, Armalite M15, AR-10, Thompson 1927, Thompson M1; AK, AKM, AKS, AK-47, AK-74, ARM, MAK90, NHM 90, NHM 91, SA 85, SA 93, VEPR; Olympic Arms PCR; AR70, Calico Liberty , Dragunov SVD Sniper Rifle or Dragunov SVU, Fabrique National FN/FAL, FN/LAR, or FNC, Hi-Point20Carbine, HK-91, HK-93, HK-94, HK-PSG-1, Thompson 1927 Commando, Kel-Tec Sub Rifle; Saiga, SAR-8, SAR-4800, SKS with detachable magazine, SLG 95, SLR 95 or 96, Steyr AU, Tavor, Uzi, Galil and Uzi Sporter, Galil Sporter, or Galil Sniper Rifle ( Galatz ). Pistols (or copies or duplicates): Calico M-110, MAC-10, MAC-11, or MPA3, Olympic Arms OA, TEC-9, TEC-DC9, TEC-22 Scorpion, or AB-10, Uzi. Shotguns (or copies or duplicates): Armscor 30 BG, SPAS 12 or LAW 12, Striker 12, Streetsweeper. Catch-all category (for anything missed or new designs): A semiautomatic rifle that accepts a detachable magazine and has: (i) a folding or telescoping stock, (ii) a threaded barrel, (iii) a pistol grip (which includes ANYTHING that can serve as a grip, see below), (iv) a forward grip; or a barrel shroud. Any semiautomatic rifle with a fixed magazine that can accept more than 10 rounds (except tubular magazine .22 rim fire rifles). A semiautomatic pistol that has the ability to accept a detachable magazine, and has: (i) a second pistol grip, (ii) a threaded barrel, (iii) a barrel shroud or (iv) can accept a detachable magazine outside of the pistol grip, and (v) a semiautomatic pistol with a fixed magazine that can accept more than 10 rounds. A semiautomatic shotgun with: (i) a folding or telescoping stock, (ii) a pistol grip (see definition below), (iii) the ability to accept a detachable magazine or a fixed magazine capacity of more than 5 rounds, and (iv) a shotgun with a revolving cylinder. Frames or receivers for the above are included, along with conversion kits. Attorney General gets carte blanche to ban guns at will: Under the proposal, the US Attorney General can add any "semiautomatic rifle or shotgun originally designed for military or law enforcement use, or a firearm based on the design of such a firearm, that is not particularly suitable for sporting purposes, as determined by the Attorney General." Note that Obama's pick for this office, Eric Holder, wrote a brief in the Heller case supporting the position that you have no right to have a working firearm in your own home. In making this determination, the bill says, "there shall be a rebuttable presumption that a firearm procured for use by the United States military or any law enforcement agency is not particularly suitable for sporting purposes, and a shall not be determined to be particularly suitable for sporting purposes solely because the firearm is suitable for use in a sporting event." In plain English this means that ANY firearm ever obtained by federal officers or the military is not suitable for the public. The last part is particularly clever, stating that a firearm doesn't have a sporting purpose just because it can be used for sporting purpose -- is that devious or what? And of course, "sporting purpose" is a rights infringement with no constitutional or historical support whatsoever, invented by domestic enemies of the right to keep and bear arms to further their cause of disarming the innocent. Respectfully submitted, Alan Korwin, Author Gun Laws of America http://www.gunlaws.com/gloa.htm Forward or send to every gun owner you know... VIDEO TO WATCH: CNN- Obama To BAN Guns http://www.youtube.com/watch?v=Nv3p2lLmjGk

TREASON DEFINED IN WIKIPEDIA

GT sez: Be sure to understand all the terminology you have heard and used during your lifetime...It's going to become important very soon to use it properly as we soon begin to discover just who is a traitor to our country in the creation of this economic disaster.... "In law, treason is the crime that covers some of the more serious acts of disloyalty to one's sovereign or nation. Historically, treason also covered the murder of specific social superiors, such as the murder of a husband by his wife (treason against the king was known as high treason and treason against a lesser superior was petit treason). A person who commits treason is known in law as a traitor. Oran's Dictionary of the Law (1983) defines treason as: "...[a]...citizen's actions to help a foreign government overthrow, make war against, or seriously injure the [parent nation]." In many nations, it is also often considered treason to attempt or conspire to overthrow the government, even if no foreign country is aided or involved by such an endeavour." READ MORE AT: http://en.wikipedia.org/wiki/Treason

I DON'T DOUBT THAT THIS IS TRUE AT ALL AND MAY STILL BE IN PROGRESS

Top Constitutional Scholar: Secret Bush Memos Reveal Plan For “Massive Military Takeover Of US” http://www.prisonplanet.com/top-constitutional-scholar-secret-bush-memos-reveal-plan-for-massive-military-takeover-of-us.html AND THIS... Terror Memos Reveal Total Destruction Of U.S. Constitutional Freedoms No official reversal, illegal practices can continue Steve Watson Infowars.net Tuesday, March 3, 2009 http://infowars.net/articles/march2009/030309memos.htm HERE ARE THE NINE MEMOS: http://www.usdoj.gov/opa/documents/olc-memos.htm

READ THIS ONE CAREFULLY AND ALL THE LINKS WITHIN IT

March 29, 2009 Obama Gets Massive New Law To Force All Americans Into Cities By: Sorcha Faal http://www.whatdoesitmean.com:80/index1218.htm

GLOBAL EUROPE ANTICIPATION BULLETIN

THESE PEOPLE HAVE NEVER BEEN WRONG YET IN PREDICTING WHEN THINGS WILL HAPPEN. VERY OMINOUS PREDICTION FOR THE NEAR FUTURE. THIS IS A MUST READ! http://www.leap2020.eu/GEAB-N-33-is-available!-Growing-Transatlantic-tensions-on-the-eve-of-the-G20-summit-An-illustration-of-Wall-Street-s-and_a2940.html?PHPSESSID=7f96eb38796490220a969131e624599e

YOU ALL NEED TO READ THROUGH THIS VERY CAREFULLY

CREDIT TO CSPANJUNKIE FOR THIS LINK. http://www.worldreports.org/news/203_wheels_coming_off_white_house_corruption_engine I read this website occasionally and have grown to appreciate the issues it brings to my attention LONG BEFORE other sites, or the major media, ever get around to it by the time it is already an unfixable disaster. You don't have to believe everything that is on the internet, BUT.... Some of these sites will bring your ATTENTION to issues you may have never thought of as being important. THIS WORLD IS NOW ON THE PRECIPICE OF THE DISASTER OF ALL TIMES FOR HUMANS, MUCH AS THE DINOSAURS DIDN'T SEE THE ASTEROID COMING THAT WIPED THEM OUT. Prepare for the VERY WORST...if you want to survive...and you will be able cope with most of which is coming. Put on your WARRIOR PERSONALITY and DON'T EVER GIVE IN TO AUTHORITIES who want to push you around in a crisis. Their only priority is to have you crawl off into a dark place and die quietly so they and their masters will have more of what's left for themselves... It has come down to a WAR between the HAVES and the HAVE MUCH LESSes. Don't be a VOLUNTARY CORPSE!

KARL DENNINGER TELLS IT LIKE IT IS

CREDIT TO GEIST FOR THE LINK: http://market-ticker.denninger.net/archives/910-Whats-Disturbing-About-The-Truth.html Don't just watch the video, read what's underneath it. If you are a young person and don't have much to lose, GET OUT IN THE STREETS AND PROTEST. For older persons who don't have the physical ability to go out and protest, the internet is your tool. So USE IT and send emails to your 'supposed' representatives in CONGRESS, and to newspapers and network and cable companies protesting their NON COVERAGE of what's REALLY HAPPENING. The TRUTH IS... us older folks are going to die soon, so it really doesn't matter if we die sooner in the pursuit of a noble goal... That of DESTROYING this despicable bunch of criminals and hoodlums who are rapidly constructing a MASSIVE DEATH SENTENCE through starvation to the peoples of THE ENTIRE WORLD through economic collapse which WILL NOT BE FIXED IN OUR REMAINING LIFETIME. THE TRUTH IS WHAT IS..... A lie is what ISN'T.

JACOB HORNBERGER ON 'THE DRUG WAR'...FFF.ORG

Thursday, March 26, 2009 Hillary Clinton’s Drug-War Inanities by Jacob G. Hornberger Hillary Clinton’s comments on the violence along the U.S.-Mexico border are so inane that I feel compelled to write about two government programs: the war on drugs and public (i.e., government) schooling. On her way to Mexico to discuss the ever-increasing drug-war violence along the U.S. Mexico-border, guess whom Clinton blamed the violence on: America’s drug users and gun sellers! How inane is that? Pardon me, Ms. Clinton, but isn’t there also an insatiable demand for booze here in the United States? Yet, I don’t see much booze-related violence along the border. But here’s my prediction: If you people made booze illegal again, I predict that there would be all kinds of booze-war related violence, not only along the border but also all across the United States. In fact, you’ll recall that that is precisely what Prohibition did — it produced lots of Al Capone-like violence, until booze was re-legalized, at which point the violence disappeared. Why can’t Clinton simply acknowledge that the drug war is at the root of the violence along the border? Why can’t she simply be honest and say, “Look, we understand that the drug war is causing the violence, but that’s a cost we’re willing to pay to keep our 35-year-old war on drugs going”? The reason is very simple: If people were to see the truth, Clinton and her statist cohorts would stand to lose what matters most to them in life — power and money. The reason that statists, both liberal and conservative, love the drug war is because it helps to satisfy their insatiable demand for more power over the lives of more human beings. After all, with the possible exception of U.S. foreign policy, it would be difficult to find a government program better at producing ever-increasing government power and budgets than the war on drugs. Here’s how this power surge works. They first make it illegal to possess or distribute certain drugs, knowing that people are inevitably going to break the law. Then they engage in ever-increasing measures to deal with the ever-increasing crises associated with people’s refusal to comply with the law: warrantless searches and seizures, Soviet-style checkpoints on highways, confiscation (i.e., stealing) of people’s money and other assets, and harsh punishments. Then they get Mexico go crack down on the drug cartels that the drug war itself has brought into existence, knowing that the result is going to be precisely the same as when the U.S. government cracked down on the booze organizations during Prohibition. Then, they cite all the resulting drug-war chaos and crises as the excuse for more intervention, including the militarization of the border and gun control. So, what does public schooling have to do with all this? What else can possibly explain why the American people fall for all this inanity? Public schooling teaches children to memorize, conform, and accept. Critical thinking and challenging the system at a fundamental level bring Ritalan injections. So, you end up with a nation of sheep-like adults with mindsets that cause them to nod approvingly when people like Clinton inanely claim that the drug-war violence along the borders is all because of drug users and gun sellers in America. No, Ms. Clinton, the solution to the drug-war violence along the border does not lie in trying to satisfy your insatiable demand for more power, money, gun control, and bigger government. It lies instead in the immediate end to your beloved war on drugs, a war that has brought nothing but death, destruction, suffering, and misery. Jacob Hornberger is founder and president of The Future of Freedom Foundation.

JAMES GALBRAITH ARTICLE

Geithner, Obama Kowtowing to "Massively Corrupted" Banks, Galbraith Says: Like it or not, many people seem to be resigned to the idea there's no alternative to the public-private investment fund scheme Treasury Secretary Geithner detailed this morning. That's hogwash, says University of Texas professor James Galbraith, author of The Predator State. Of course there's an alternative: FDIC receivership of insolvent banks. http://snipurl.com/efy3g

PRISONER LIST AT GUANTANAMO...VERY INTERESTING

Guantánamo: The Definitive Prisoner List : The following list is the culmination of a three-year project to record the stories of all the prisoners held at the US prison in Guantánamo Bay, Cuba. http://www.andyworthington.co.uk/guantanamo-the-definitive-prisoner-list-part-1/

CINDY SHEEHAN STRIKES THE MAIN NERVE AGAIN

"We're All In This Together" No we are not, that's the point. By Cindy Sheehan http://informationclearinghouse.info/article22296.htm March 25, 2009 "ICH" -- President Obama basically said that we can't demonize every investor who earns a profit, because "we are all in this together." Sorry, but I am going to have to call a big fat "bull-shit" on this one. When Obama said "we" did he have a mouse in his pocket? Obama, and his family have a very opulent, slave-built roof over their heads. He travels on the public nickel, his children attend an exclusive Washington, DC private school that has organic food on its menu, and has health care that covers everyone in his family from head to toe and side to side and inside out. Even though he and every member of the administration, Congress and the Supreme Court are not hurting for anything, the bastard (sorry if your parents weren't married when you were conceived) Wall Street banksters are receiving billions of dollars of government welfare and are not so good about being in "this together" with us. The only concrete steps the Treasury and Fed have taken are to buy "toxic" assets (if something is toxic can it still be an asset?) so companies like Goldman Sachs (via AIG) can have the public tit rescue them from their stupider than crap mistakes. WE the ROBBED Class are in this together. THEY the ROBBER Class are in it for themselves. How many times does Obama have to demonstrate that his economic recovery is nothing but Reaganomics wrapped in a little bit of populist rhetoric to make it easier for the mis-informed Robbed Class to swallow. If anything transpires to alleviate the suffering in our Class at all, it will be because some of the prosperity got through the cracks in the deeply cancerous system and trickled ON us. Rest assured, this is just a mistake and the only time the Robber Class cares about us, is when the interests of the two classes collide. I will feel like I am "in this" with the Obamas when I have a free house, free health care and if my children would not have to go into lifelong debt to pay for university. I wonder if the wall to wall homeless population (it's growing at an alarming rate) here in San Francisco feels "in this together" with the Wall Street Robbers? I wonder if the people standing waiting for hours in municipal Emergency Rooms waiting to get some, any medical attention feel "in this together" with Congress which has 110% medical coverage? I wonder if the foot soldiers for the Empire feel "in this together" with the War Profiteer Robbers? I wonder if the victims of the drug wars and street wars feel "in this together" with the children of the Robbers who ride to their schools in limos with bodyguards? I wonder if our brothers and sisters living in tent cities with their children feel "in this together" with the Pelosis and Feinsteins of the world who live in their obscenely huge mansions in exclusive neighborhoods and fly back and forth from DC in private jets that suck down gas at an immoral rate? I wonder if our brothers and sisters who just cashed a final unemployment check feels "in this together" with the Robbers who just cashed millions in bonuses? I, myself, feel "in this together" with the homeless, hungry, sick, jobless, struggling, stressed, frightened, confused, yet resilient, brave and strong. WE are in this together. WE need to step outside of the Robber Class system and start to build our own systems to help each other through this Robber Class/Goldman Sachs/Federal Reserve depression.

I STRONGLY SUGGEST YOU READ THIS ARTICLE AND ALL THE LINKS WITHIN IT.

GT sez: There is lots more info on this website, some of which you may think is absolutely 'off the wall...crazy'. Just keep reading and dismiss that which you don't believe or accept. March 20, 2009 All Private Guns Will Be Confiscated By September 2009, US Tells Russia By: Sorcha Faal http://www.whatdoesitmean.com/index1216.htm Scroll down to the article. GT sez: The purpose in reading Sorcha Faal articles is to make you aware of many of the things that are NOT in the traditional media. You don't have to agree with him/her on everything, but the bulk of what he/she brings up WILL HAPPEN!

READ THIS ARTICLE FROM ROLLING STONE

http://www.rollingstone.com/politics/story/26793903/the_big_takeover/ The Big Takeover The global economic crisis isn't about money - it's about power. How Wall Street insiders are using the bailout to stage a revolution MATT TAIBBIPosted Mar 19, 2009 12:49 PM

LATEST MIKE WHITNEY ARTICLE

Bend Over and Say, "Uncle Sam" By Mike Whitney Here's what everyone needs to know: The US government (you) will provide up to 94 percent of the financing (low interest, of course) for dodgy mortgage-backed assets that no one in their right mind would ever buy so that wealthy and politically-connected banksters can scrub up to $1 trillion of red ink from their balance sheets. Ugh! http://informationclearinghouse.info/article22289.htm

NOTICE- DAN NORCINI'S COMMENTS CAN BE FOUND EACH DAY ON JSMINESET.COM ON THE LEFT OF THE WEBSITE'S HOME PAGE WHERE THE LINK TO HIS COMMENTS IS FOUND

I appears that Dan Norcini's Daily Comments have not ALWAYS been posted on the Main Page of Jim Sinclair's Website. You can't afford to miss Dan's comments each day. So, be sure to look for the link to his comments in the dark blue section, on the left side, of the Main Page of Sinclair's Home Page. Hourly Action In Gold From Trader Dan Posted: Mar 24 2009 By: Jim Sinclair Post Edited: March 24, 2009 at 2:54 pm Filed under: Trader Dan Norcini Dear CIGAs, There wasn’t much in the way of supportive factors for gold in today’s trading session as the Dollar was higher, crude oil was lower and bonds were lower. Equities were a tad weaker but after yesterday’s monster rally, the thinking in many quarters is that global stock markets have bottomed out. That removed the safe haven flow into both bonds and gold and allowed gold shorts to push the market down into stops as weak-handed longs were driven out. Those sell stops were the property of the trading funds who once again were handed their heads by the bullion banks. Failure by the bulls to push up and through the $960 area was the signal by shorter-term oriented traders to book profits if they were long and to add to shorts if they were short. The onus is now on the bulls to hold price above the $900 level. If they can do that, gold has a very good chance at consolidating its recent gains. If not, back down to near the $880 level we go once again. We had an $80 run higher in gold when the news hit that the Fed was embarking on a course of printing money to buy US Treasury and Agency debt. You might recall that news resulted in the single largest daily price drop in the Dollar in many a year. Gold shorts saw their lives pass in front of their eyes with a multitude of them who had gone short below the $900 level squeezed out. The problem for the bulls is that long liquidation tied to the stock market rally, overcame buying coming from those who are looking longer term at the implications of the Fed’s quantitative easing policy and its devastating effect on the Dollar. Make no mistake about it – the Fed believes that it is wise enough and nimble enough to nip the inevitable inflationary aspects of its policies when those begin to occur –and occur they will. Their immediate concern however is deflation and they are apparently determined to avert that at all costs, even if it means giving further impetus to the growing movement among many in the international community to abandon the Dollar as the global reserve currency. As a matter of fact, both China and Russia are becoming quite vociferous about this issue. This shift in sentiment away from the Dollar is momentous. It is the rare breed that is able to spot turning points in history while they are indeed occurring. It is generally only after the fact that the majority are able to point a finger at a particular occurrence and state; “history was made here”. Nonetheless, we are getting a ringside seat and observing the events transpire that will alter our way of life here in the United States forever. As citizens, we have reaped the benefits of the Dollar as the reserve currency, benefits which include a life-style for the average American that is leaps and bounds beyond that of the overwhelming majority of the world’s population. It encompasses everything from the size of our cars and of our homes all the way to the size of our military and our ability to project power around the globe. The loss of the Dollar’s reserve currency status would threaten all of this. That is why many of us are so deeply concerned about what is occurring in Washington with regard to its spending orgy and to the ruinous policies that the Fed’s short-sighted members are currently wedded to. There is still time to save the Dollar but one wonders just who is left in our nation’s capital to lead the charge. Back to gold – I am concerned by gold’s inability to hold near the 700 level when priced in Euros and the 650 level when priced in terms of the British Pound. We also have gold backing down from its highs in terms of most of the other major currencies as well. That has taken some of the luster off of the metal in spite of the fact that reported holdings in the gold ETF, GLD, are still holding near recent record levels. From my current vantage point it seems that while gold lacks sufficient impetus to push it through $960 and on up then to $1,000, it also should be well supported on any price dips given the medium to longer term implications of the Fed’s quantitative easing program. That portends that a range trade is the more likely outcome to look for over the near term with the metal waiting for some sort of signal to break it out either way. The current boundaries of this range are $960 on the top side and $885 - $880 on the down side. Official sector price capping has once again appeared, this time at the $960 level, (they can read the price charts as well), while value buying is coming in near the $900 level and on down. I am not sure what it will take to dislodge the bullion banks from the upper level but once again I would emphasize that hedge funds have it in their power to seriously threaten their death grip on the gold market if they will simply stand for delivery and force the issue. Next week begins that delivery process for the April contract so let’s see if any of them wise up between now and then. The mining shares are weaker today with the paper gold price weakness undercutting efforts of the bulls to push further through the swing highs made back in February of this year. Bonds have been rocked pretty hard today with traders’ focus back on the big supply coming this week. I should note here that bonds have surrendered half of the gains made following last week’s announcement of the Fed’s intent to purchase up to $300 billion in Treasuries. Given the huge surge in treasury buying on the heels of that news, the low of that day near the 123^23 level, takes on extreme technical significance. If that level is tested and fails to hold, bonds are in danger of facing a rapid collapse, especially if the thinking that the worst of the financial news is now behind us gains additional credibility. A lot of money that sought a safe haven in the bond market will flow out of bonds and into equities if investors become convinced that the stock market has bottomed and the economy is poised for a rebound later this year. Please keep in mind that I am not advocating such a view – I am merely stating what will happen if a sufficient number of investors adopt this view and move their funds accordingly. Equities are now sneaking back into positive territory as I put the finishing touches on these comments here just before the pit session close in gold. That is pulling the euro off its lows and serving to push the Dollar back off of its session highs. The yen is especially weak today as “risk” is coming back into vogue a bit and this is serving to bring sellers back into the Japanese currency. It is down against not only the US Dollar, but against all the other majors as well. The Euro-yen cross, while it has lost some of its predictive aspect for risk, still remains a decent indicator so we will be monitoring that for possible clues to both the bonds and to gold. Crude oil is lower today but remains above the $50 level with the quantitative easing play by the Fed proving to have been the catalyst to allow the bulls to shove it out of the range trade and put in a more definitive bottom. The peak gasoline demand season lies just ahead. Even natural gas looks like it too has bottomed out.

MOGAMBO GURU ON ALAN GREENSPAN'S 'GENIUS' 3/23/09

Greenspan Not Reserved About His Innocence By The Mogambo Guru Tampa Bay, Florida Bloomberg.com had Alan Greenspan, disastrous former chairman of the Federal Reserve - who is the one person directly responsible for all of our economic woes with his bizarre monetary insanity Every Freaking Day (EFD) during his demented chairmanship of the Federal Reserve from 1987 to 2006, being indignant that he should be blamed for anything, and insists that nothing is his fault, except for maybe having too much faith and trust in his fellow man, which would explain the complete lack of regulatory scrutiny, or even a minimal due diligence attention, to any of the glaring excesses in the banking system, for which he was responsible. He is reported to have said, "Given the decoupling of monetary policy from long-term mortgage rates, accelerating the path of monetary tightening that the Fed pursued in 2004-2005 could not have prevented the housing bubble." Hahahaha! I was at first going to make sport of Mr. Greenspan and cast aspersions on both his intellect and degree of mental illness that would turn a former gold-bug into the monetary inflation monster that he became, but soon I realized the gem of a philosophy that we have here! Hastily, I scheduled a meeting with my boss, who thinks that my poor job performance, the hostility of customers (morons) and mutiny among my employees (more morons) has something to do with my terrible cost- center numbers that were provided. To the contrary, I plan to stress that these are mere statistical artifacts by a bunch of hateful accountants (pencil-neck geek morons) who are probably lying just to get me in trouble. I know that my boss will laugh dismissively at my conspiracy theory, like she always does - but this time I have proof! It was provided by Alan Greenspan himself, lying former chairman of the Federal Reserve - which is itself a Big Fat Lie (BFL) because the Federal Reserve is not a part of government, but is, instead, just a name picked by the true owners of the Fed; shadowy figures creeping around in the shadows, which is why I called them "shadowy" in the first place... "...Mr. Greenspan has now famously said, that not only is nothing my fault, but that the true culprits may be forces...at work, which are already sinisterly creating excess money and credit 'beyond the control of monetary policy'..." I am not, as you would expect, going into a loud, Screaming Fit Of Outrage (SFOO) at the sheer, outlandish corruption of the banking system, Congress, government in general and everything it touches, or the unbelievable corruption and stupidity in everything else, both here in America and around the world. Instead, I have been galvanized to action to, hopefully, to prevent being fired from my stupid job. Now, that task has been made easier after reading that Mr. Greenspan said, "If we are dealing with global forces beyond the control of domestic monetary policy makers, as I strongly suspect is the case, then we are facing a broader issue." Hahahaha! I can't believe my eyes at this unexpected bonanza! Excitedly, I am planning to say to my boss, like Mr. Greenspan has now famously said, that not only is nothing my fault, but that the true culprits may be forces - perhaps strange, malevolent-yet-evil forces - at work, which are already sinisterly creating excess money and credit "beyond the control of monetary policy"; so it could also be controlling people's thoughts, probably with some kind of secret, super ray-gun, or some new chemicals that they put into the water so that the strange molecules get into our blood streams and go to our brains to make us think, "Don't pay attention to Austrian/classical economics, common sense, the entire history of economics for the last 4,500 years or the Lunatic Mogambo Loudmouth (LML)! And for crying out loud don't buy any gold, silver or oil, which is the only smart thing to do, with special emphasis on 'smart', especially since 'everything else is stupid and you will lose your butt, big time.'" And speaking of losing one's butt, Agora Financial's 5-Minute Forecast reports, "The seldom-reported net long-term and total Treasury International Capital (TIC) flow came in way worse than expected." Like most reports, this is complete gibberish to me, and I am soon fascinated with the idea of finding out if I can get a whole burrito in my mouth at one time, and I am halfway out of the office to grab an early lunch to test my new theory when I am stopped by their news that, "in English" for dummies like me, "foreigners - and not just the Chinese - are losing their taste for U.S. debt. Global investors sold $148 billion more U.S. debt than they bought", which I assume was for the year. In response, I have written a blues song about it, and the four lines of lyrics go: "Oh, I'm so blue because foreign devils are selling my debt. "Oh, I don't know what to do. "This comes at a particularly bad time since the Obama lunatics and the brain-damaged halfwits in Congress are committed to deficit-spending almost $2 trillion this year, a sum so staggering that it is not only eye-popping, head-spinning and/or heart-stopping, it is also more than 14% of GDP, and we desperately need these damned foreign devils to buy that new towering mountain of American Treasury debt to fund that suicidal, low-IQ orgy of deficit-spending, and not for them to sell the Treasury crap they already have. "Baby, oh baby, I'm so blue, blue, blue." Okay, I realize this is not my best work and it needs some polishing, so don't bother writing to me about the usual bad reviews ("He is stupid and so is his stupid song!" - Chicago Sun), but the sentiment is perfectly correct: Foreigners refusing to use the dollars they receive, as a result of America's $820 billion per year trade-deficit, to buy more Treasury debt is terrible news to a bunch of socialist/communist dirtbags like Obama and Congress; and the rest of us worthless morons around the world are apparently desperate and willing to sacrifice everything on a long-shot that for once, in all the times it has been tried in all of history, expanding a fiat money supply so that the government can buy its way out of bankruptcy will not, hopefully, end in inflationary tragedy like it always - with stress on the "always" - has before! Hahahaha! We're freaking doomed! Until next time, The Mogambo Guru for The Daily Reckoning P.S. So, as I explain to the kids, all of this is why I am always buying gold and am always on your nasty little butts to buy gold, too, when a government is acting as insanely as this. Whee! This investing stuff is easy!

FROM THE DAILY RECKONING 3/23/09

Get Set for a 15-Year Depression By Bill Bonner London, England Our old friend Congressman Ron Paul says we're headed into a 15-year depression. He's probably right. In the old days, "panics" and "depressions" ended fairly quickly...at least unemployment tended to be short-term. There were no elaborate social welfare systems then. No unemployment compensation. No food stamps or "independence" cards. People had to make do. So, when a depression hit, wages fell quickly and people got back to work. They earned less, but the whole economy would adjust, with lower prices for everything. There were no bailouts and no stimulus plans, either. Mistakes were corrected relatively quickly. Businesses went broke. Men were "ruined" and had to drink themselves to death. Now, things are better. If their businesses go broke, they can go on almost as if nothing had happened... as long as they owe money to the right people. Heck, they might even get a bonus. On Friday, the Dow dropped 122 points. What happened to the rally? Is it over already? We wait to find out. Oil held steady at the end of the week, having risen over $50 to a high for the year. Oil's rise was entirely explained by the sinking dollar - down to $1.35 per euro on Friday. "Dollar sell-off gathers momentum," explained one headline. "Gold soars," Bloomberg added. Gold shot up nearly $70 an ounce on Thursday. It took a rest on Friday...but we don't think it will take a break from its epic run for long. Take advantage of this pause in the gold price and buy some now. You can still purchase the yellow metal for just a penny per ounce. Learn more here. But back to the story of the 15-year depression... Goldman says it wouldn't have lost much money if AIG had been allowed to go broke. So, don't think for a minute that it wanted the government to save AIG just so Goldman could get its $20 billion back. The public and its paid representatives in Washington are up in arms. Reporters have been following the trail of the hundreds of billions of taxpayers' money handed over to Wall Street firms. They discovered that it went into various silk-lined pockets - notably, those of the aforementioned Goldman Sachs, foreign banks and the bankrupt firms' own executives. The politicians were shocked. Shocked! The public was outraged. Whence cometh this outrage? Not from any matter of principle that we've been able to determine. The taxpayers don't mind robbing Peter. But they don't like it when the ill-gotten gains go into someone else. "Hey, my name is Paul and I've been out of a job for six months," they say. "Where's MY bonus?" Congress sprang into action last week to set things right. But rather than give every Tom, Dick and Harry a big bonus, the House proposed a 90% tax on the AIG bonuses...and urged the states to take the other 10%. The whole thing is a dangerous distraction, in our opinion. The bonus amounts are trivial in comparison to the huge amounts of the bailouts. And when the pols start taking money away from people our sympathy is with the takee, not the taker. Besides, it encourages a very bad idea: that politics, rather than a free market, should decide who gets what. The next thing you know, they're going to be telling us which businesses succeed and which fail. Wait a minute...they're already doing that! Which is why Ron Paul thinks we're going to have a depression that lasts longer than most marriages. When markets are allowed to work, they often make mistakes - especially when government is fixing interest rates. Periods of growth are punctuated by crises - including sharp breaks in business activity and bouts of 'creative destruction.' Like forest fires, these episodic conflagrations burn off the dead wood, permitting new growth. But when government allocates capital and resources, it is almost always a soggy disaster from beginning to end. The dead wood never gets cleared away. Instead, it is protected...propped up...leaving the new shoots to struggle in the shade. Not much growth, in other words. We repeat: there were only two examples of major depressions in the last century. Both came after a huge run-up in debt. And both were met with programs that economists should be ashamed of - bailouts, stimulus, loans, props, safety nets and hooks. In both cases - the '30s in the United States and the '90s in Japan - the depressions continued, on and off, for many years. WWII brought an end to the first one - 12 years after it began. The second one continues - nearly 20 years after the crash of the Tokyo stock market. And now we have a third one...and this time the feds are determined to beat it. What's their strategy? More firepower! What's their secret weapon? QE, or quantitative easing, which is actual monetary inflation caused by buying debt directly from the government. Will it work? Will Geithner/Bernanke succeed where others failed? Will economists finally master depressions...and find a way to get "creative" without the destruction? Ah...we think we know the answer. But in the meantime, we're enjoying the show...