BRITAN AND USA IN CHARGE?

If you are interested in getting your financial house in order as our economy gets more and more fragile,1 I thought it wise to share with you some of the reasons why you might wish to act before it’s too late. Our program to take lenders to task for their predatory lending practices is the most grounded, realistic plan available. Now might be a better time to proceed rather than later. Recent developments in the world money market have shown the fragility of the US economy with several related issues converging to portend some very, VERY serious problems in the very near future. Perhaps you noticed some of these news items develop over the last month, but most people didn’t and many of those who did might not have connected the dots.

Because of trade deficits, the UN Conference on Trade and Development (UNCTAD) published a report indicating the dollar's 20% devaluation against major currencies had so far failed to provide "much of a stimulus" to the US economy. 2

Other nations have large investments in the United States economy because of its apparent stability and reliability. Record deficits and weak performance of the US economy has set alarms. Islamic nations have over $1 Trillion invested in the US economy and following 9-11 they began to unload their American holdings and invested in the Islamic economy. Still, 85% of that investment remains in the US economy. Either economic or political criteria could lead Muslims to maintain or withdraw their support of the US dollar. 3

Our support for the massacres in Gaza or in Iraq is driving Islamic nations to seek punitive actions against Israel and perhaps against the United States. The consequences of the recent US foreign policy are about to be felt. In early September, hundreds of Russian children were held hostage in their school in Beslan, a city in a Russian province of North Ossetia. The murder of 170 school children, a total of 300 Russians, deeply angered Russian president, Vladimir Putin. After a series of terrorist attacks, including the twin aircraft crash, the blast near Rizhskaya metro station and others over the past two years seemingly synchronized with his struggle to retain control Russian of Russian natural resources through a Zionist conglomerate, Yukos, this seemed to be the last straw. Several bits of evidence have made it clear that he knew that the actual control of the terrorists was another foreign nation. He knew that the murder of 170 schoolchildren in North Ossetia was a link in the same chain and that “the same power that wants to destabilize the situation in the North Caucasus region” is behind them. 4

The unique basketball hoop bombs inside the secured gymnasium confirmed that Beslan was a black psyop atrocity perpetrated by the west. Despite all western reporters being contained 100 yards behind the Russian Special Forces perimeter outside the isolated compound, and despite the terrorists inside immediately confiscating all cellphones from the teachers and children, the BBC magically described these specific unique booby traps live-to-air before Special Forces had even penetrated the inner cordon at Beslan. Western media reporters could not possibly have known about these extremely unusual booby traps, unless they themselves were an integral part of the black psychological operation. 5

So Russian nationalist, President Putin, is aware that he is in a life or death struggle with powerful enemies centered in the financial district of New York City and that his only alternative other than war is an economic war in which he would opt to accept only the Euro as the currency for selling petroleum from the largest oil reserves in the world. Even since the middle of the twentieth century, the US Dollar has been the reserve currency of world trade. Many trillions of dollars have been issued for this purpose. Should the dollar no longer be the standard in world trade, there would be a lot of dollars around but nobody would be interested in using them. THE INTERNATIONAL FORECASTER editor Bob Chapman writes:

The group that massacred 170 children and 130 adults in Beslan led by CIA operative Shamil Basayev, took their orders from abroad ... there is no question this is an extension of Anglo-American foreign policy to dismember Russia as we predicted 12 years ago. 6

This would lead to a sharp devaluation of the US Dollar and US and world depression, which is on the way regardless.

If the economy quivers just a little bit, the even more fragile housing bubble could quickly become unstable and appreciated property values could plummet catastrophically. Even though you might feel quite secure and see no problem in meeting your obligations, a monetary and economic cataclysm such as we face in the coming weeks or months, could be a personal disaster for you and your family. In the past three years many homeowners were offered lower interest rates than have been seen in decades and they opted to reduce their equity position in exchange for cash for consumer spending.. That was the primary source of liquidity that kept the stock market from deteriorating further. That loss of equity can come back to haunt them if the value of their home drops below the outstanding balance on the mortgage or deed of trust.