In These New Times

A new paradigm for a post-imperial world

The Devaluation of the US Dollar

Posted by seumasach on April 27, 2010


Now we have the Goldman Sachs fraud civil suit case. A closer check would raise suspicion from numerous corners. Five key red flags are raised, each worthy of future investigations.1) The Securities & Exchange Commission announced the fraud charges during a time when the Inspector General report was due for release. 2) The SEC fraud charges were announced during the time when a vote is soon coming for the Financial Reform Bill before the USCongress. 3) The SEC fraud charges were announced during the middle of the day, during stock market trading activity, a sharp break from proper information release. 4) Worse, the SEC gave Goldman Sachs a tipoff in the two weeks beforehand of the fraud charges to be made public. 5) Goldman Sachs has been privately accused of profiting from the adjustment in stock price due to its own problems. Stories are numerous of large S&P stock index puts purchased. Stories are numerous of a suspiciously high volume of ‘Out of Money’ stock option puts on GS, the Goldman Sachs stock share. They turned out to rise 140-fold, yet not much official talk about them.

So Goldman are making money out of speculating on the consequences of being prosecuted!!

Jim Willie

Financial Sense

22nd April, 2010

Click on link above for full article

The stream of events in the last four years casts extremely bad light on the US financial system, soon to reflect lower value. The subprime mortgage bonds were not isolated in damage done or loans gone bad. The prime mortgages, the Option ARMs, the second mortgages, the commercials, they almost all sport delinquencies and defaults that rival the subprimes. Details are shown in the last few Hat Trick Letter reports. The TARP Fund episode was an open extortion exercise, perpetrated on a hapless yet compromised USCongress, which now makes its own futile efforts to at least achieve disclosure of what the $700 billion or $500 remaining billion went. The US Supreme Court appears to be running interference for the US Federal Reserve, in blocking legal attempts to force disclosure of the USFed balance sheet, and disclosure of the TARP Fund disbursements. The overseas wars involve their own black eyes, what with $50 billion missing from the Iraq Reconstruction Fund. The United Nations drug task forces have pointed a finger at the US Security Establishment as funneling money into the US banking system, without which they claim the US banks would have collapsed in the autumn 2008. The nationalizations of Fannie Mae and American Intl Group took place amidst widespread charges of fraud, both in mortgage bonds and credit derivatives. Lawsuits were thwarted. The Credit Default Swap, an invention of Wall Street, has come under fire. It is being blamed for some distress in the European Govt debt markets. The CDSwap contract is under fire inside the United States even more so. Imagine a financial instrument that benefits from the implosion of financial firms, caused by policies and actions taken by the designers of the instruments. Only in America!

Now we have the Goldman Sachs fraud civil suit case. A closer check would raise suspicion from numerous corners. Five key red flags are raised, each worthy of future investigations.1) The Securities & Exchange Commission announced the fraud charges during a time when the Inspector General report was due for release. 2) The SEC fraud charges were announced during the time when a vote is soon coming for the Financial Reform Bill before the USCongress. 3) The SEC fraud charges were announced during the middle of the day, during stock market trading activity, a sharp break from proper information release. 4) Worse, the SEC gave Goldman Sachs a tipoff in the two weeks beforehand of the fraud charges to be made public. 5) Goldman Sachs has been privately accused of profiting from the adjustment in stock price due to its own problems. Stories are numerous of large S&P stock index puts purchased. Stories are numerous of a suspiciously high volume of ‘Out of Money’ stock option puts on GS, the Goldman Sachs stock share. They turned out to rise 140-fold, yet not much official talk about them.

In the following weeks we will see how much Goldman Sachs earned from their own legal challenges. In fact, a source informs me that his legal beagles regard the Paulson Abacus case as perhaps the weakest of all potential fraud cases against GSax. It might be designed to fail and be rejected by the courts. In fact, they mention that GSax might revert to a private investment bank, now that the TARP Funds were taken and returned, its commercial bank sham status no longer needed. The need instead is for privacy and no more prying eyes. GSax will not escape the lawsuits, but might face criminal charges. Watch the Germans, who are angry at being defrauded. Germany seems in many ways to act as the spearhead to disrupt, dislodge, and dismantle the US-UK streak of corporate fraud perpetrated by those wearing USGovt & UKGovt suits. The Goldman Sachs fraud case, and cases to follow, will render severe damage to the image of the USDollar, the USTreasury, and the USGovt leadership that is dominated by the GSax alumni. My belief is that the fraud charges have opened Pandora’s Box, for other complaints, other lawsuits, even class action lawsuits to be handled in federal court. The whiff of Pandora will be next seen in Germany from a broad swift response.

The White House connection to Goldman Sachs is not as clear as the USDept Treasury control by GSax. While GSax lawyers negotiated with the SEC over the high profile risk filled civil fraud charges, the GSax CEO Lloyd Blankfein visited the White House at least four times. White House logs show that Blankfein traveled to the national capital for at least two events with President Obama. Furthermore, the Obama 2008 presidential campaign received $995 thousand in donations from the GSax political action committee, its employees, and their relatives. The response included appointment of yet another GSax alumnus as Treasury Secretary, Tim Geithner. Worse, GSax has retained former Obama White House counsel Gregory Craig as a member of its legal team. The GSax connections to the White House and the Obama Admin are raising a lot of eyebrows. Influence is clear, as it might be bought. Watch the financial regulation overhaul grant even more power to Wall Street firms and more impunity for their actions. See the McClatchy Washington Bureau article entitled “Goldman White House Connections Raise Eyebrows” (CLICK HERE).

The crushing weight of lost integrity is vast. My suspicion is that the greatest impact from the Goldman Sachs stream of lawsuits and felony charges, complete with potential restitution attempts, will be on the USDollar and not the GS stock price or its balance sheet. What comes next is the survival reactions by nations under deep distress, weakend by sluggish if not moribund economies, weakened by exported toxic bonds from Wall Street, weakened by Credit Default Swap attacks lodged by Wall Street and London firms, weakened by years of accepted USTreasurys as legitimate payment for exported finished products, weakened by broad usage of the USDollar within their banking system. The Jackass maintains a firm conviction that the first few nations that break ranks from the USDollar embrace will become the leading nations in the next chapter. A shock this way comes, from a Paradigm Shift in progress, recognized across the world, but not in the United States or England. A sudden USGovt-led devaluation could come soon, ordered by the United States banking and government leaders. It might turn out to be a vain arrogant maneuver to achieve instant stability, to maintain chokehold control, and to attempt to prevent creditor abandonment.

A grand backfire comes, since numerous platforms and paper support beams can no longer bear the weight of US insolvency, US dishonesty, and US arrogance. A grand backlash comes. My best sources warn to expect flash events. Either the US will attempt to control the sudden rash of events, or foreign sources (dominated by US creditors) will pull the rug from under the US-UK controllers. The maestros in New York and London are fast losing control and credibility. The next victim front & center is information flow. The CFTC hearings to reveal the gold & silver market rigs is one item. The empty gold vaults at the London Bullion Market Assn is another item. The insider trading schemes in flash trading mechanisms by Goldman Sachs is another item. The involvement of Wall Street firms in European debt machinations is another item. The revealed USTreasury monetization and accounting is another item. The usage of the IMF and World Bank as financial weapons is another item. The narcotics trafficking under USGovt and USMilitary aegis is another item, complete with Wall Street money laundering. These highly important factors are all recent exposures of the US information machine losing its grip. These factors combine to invite a global response. It will be felt and realized eventually in the USDollar. The Euro is nowhere near as weak and fraught with insolvency as the USDollar, not to mention deep pervasive fraud. Time will prove this out.

One Response to “The Devaluation of the US Dollar”

  1. Abc said

    Albert Einstein was a fraud. In his Special Theory of Relativity he expects us to believe that of two identical clocks each one can run faster (or slower) than the other. This is impossible and the theory is easily refuted. In his General Theory of Relativity we are expected to believe that matter can warp a completely fictional entity known as “space-time”. This again is complete nonsense – how can you warp NOTHING? And why do academics toe the line?

    It most definitely is a conspiracy. Overlooking blatant mistakes and ignoring obvious illogicalities (euphemism: “paradoxes”), that a child laughs at, is not human nature – unless the human intellect has been coralled, dumbed down and irretrievably stunted. How does one explain academical adherence to nonsense? Maybe it’s pensions, grants, salaries, peer group pressure and herd-mentality, or worse: shut up…or else.

    All those “proves Einstein right” experiments have been questioned by heavyweights in the field and no satisfactory answers have been given. Remember the Venus fiasco. All these experimental results need not invoke Einstein for explanation. If time dilation is possible in the real world, then it is in no way explained or even described correctly by Einstein’s special and general hogwashes where he juxtaposes, willy-nilly, clock time and elapsed time. Read Professor Herbert Dingle’s “Science at the Crossroads”, and how he was defeated by the Matrix.

    It’s not only in cosmology and astronomy. It’s the same in archaeology, geology, history, religion, economics etc, etc – where the truth is systematically being denied us and covered up to be replaced by laughable absurdities. You may wish to learn who is imposing the Matrix, and how and why.

    When a brain-dead newsreader tells you your country has x zillions of debt, have you never asked “Gee, who do we owe all that money to?” The International Bankers (IBs) with their global network of central banks is the correct answer. So how do they create this credit to loan to governments at interest for which we have to pay taxes? The correct answer is: it’s a scam.

    “The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and was born in sin … The Bankers own the earth … if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create money and control credit.”
    – Sir Josiah Stamp, Director, Bank of England (the UK’s Central Bank), in the 1920s

    By using fractional reserve banking, if the central banks loan a government y millions (by swapping government bonds for credit), they can then loan commercial banks and other financial institutions 10y millions at a discount rate. These 10y millions are not covered by their assets and deposits, they’re covered by the taxpayers – as we and our descendants will find to our cost. This is money/credit created out of thin air. The commercial banks, et al, can then do likewise and charge us any interest.

    The present – completely unnecessary – global recession and “credit crunch” (hahaha) are all about the IBs calling in their loan debts (on money they have created out of nothing) and owning the entire Earth. The elite IBs are, almost to a man, of the same tribe as Einstein: Khazar-Jews. The latter also own or control nearly – if not – all of the major western media. These are our Matrix imposers, with millions of their minions (including elite Gentiles) being the Matrix enforcers.

    The Universe is not driven by the weakest force in Nature known as “gravity” – some ten to the power of 39 times weaker than proton-proton or electron-electron repulsion, or electron-proton attraction – but by electromagnetism and plasma physics. It’s an Electric Universe, maybe infinite and eternal. Gravity is probably electrical – you don’t think the most massive dinosaurs could have been able to stand up, let alone walk and run or fly, in the Earth’s present-day gravity and atmosphere, do you?

    If the universe were driven by attraction-only gravity, it would have collapsed long ago. It most surely stands to reason that for the very big jobs, Nature would use the strongest attractive and repulsive forces at its disposal. The Big Bang, Black Holes, neutron stars, dark matter, dark energy, warped spacetime and other fancy gobbledygook are impossible, laughable absurdities. Without Einstein, but with a Maxwell-Lorentz ether, a gravity-driven universe would never have got off the ground.

    Admitting an electric universe opens the door and could lead (as Nikola Tesla well knew) to free energy. To the Matrix imposers who want to own us by monitoring, tracking, metering and charging us for everything: That is Forbidden!

    In order to understand what our ancestors were trying to tell us, we have to understand how the Solar System really formed. The Earth has experienced major, literally earth-shattering and terra-forming, catastrophies in the past – it was one hell of a ride for our ancestors some 5,000-10,000 years ago. Why do you think the planet Venus was obsessively monitored worldwide and made, among many motifs, a ravaging witch-on-a-broomstick and a beautiful virgin goddess by nearly all cultures? Why was the planet Mars made the god of war? Why was the planet Saturn described as an ancient sun?

    There is only one answer: the Solar System we see today is radically different from the one our ancestors saw; and almost all major myths, worldwide, are describing the life and violent death (Armageddon; Ragnarok; etc.) of the longlived Saturnian Golden Age (The Otherworld) and the creation of the present Solar System (Apocalypse: New Earth, New Heaven, New World). But they are not myths: they are a true record of what our ancestors actually experienced, up close and personal.

    For our ancestors, this – the creation of the Solar System as we know it – is when time began; and it could be measured, for they could now see the present metronomic Sun, Moon and the stars; and it was also the time of a massive leap in human consciousness – literally shocked into a higher level – with the consequent birth of civilizations: the Earth and all its inhabitants became fully plugged into the Electric Universe. Let there be Light.

    The archetypical Red Dragon symbolizes the planet Mars. The planet Mars – to countless cultures worldwide – was the saviour of mankind, god of war, redeemer, healer, pest and disease bringer, destroyer of worlds, miracle worker, fertility god, etc…etc, who sacrificed it/himself to save the Earth by being crucified on the Axis Mundi, Tree of Life, Navel or Mountain of the Earth, World Tree, Pillars of Hercules (Atlantis, anyone?), etc…etc. These were probably all descriptions of the Birkeland Currents connecting Earth and Saturn, where Mars and Venus (and other satellites of Saturn) interacted physically and electrically with this gigantic “serpent” or “whale” or “dragon” or “behemoth” or “leviathan”, etc..etc. This coiled, hurricane-like, milky (later blood-red) column probably churned out the Arctic Ocean and at sometime caused the arctic fauna to be electrocuted and flash-frozen. The Earth was flooded when these Birkeland Currents (and all the water, plasma, gas, dust, boulders, rocks and debris they contained) collapsed – “slain” by Mars – and so severing Heaven from Earth. The Earth, Mars and the comet Venus (and maybe the Moon and Mercury) were now free to migrate to the inner Solar System – a perilous journey with the Earth being continually terra-formed by electric discharge machining carried out principally by Mars and Venus on their frequent close encounters with the Earth.

    Mars took a battering – wounded in the side, thigh or heel, scarred on the face, incinerated, melted, and in some cultures had had his “skull shattered to pieces” – which may well explain the creation of the Asteroid Belt. For our ancestors, the planet Mars was also their leader who brought them out of the Saturnian half-darkness (The Twilight of the Gods) into the present Solar System, out of Egypt into the land of milk and honey, as it were.

    All ancient societies, tribes, nations boast of the planets Saturn, Venus or Mars, under countless names, as being their creator, first ancestor, founder, protector, father, mother, saviour. And they believed that one day the Red Dragon will return to free his people and restore goodness to the world. Many buried their dead with red ochre and facing North where the Saturnian system, and that of course includes Mars, was once located. The Egyptians went much further in that their Pharoahs were expected to actually recreate or at least rejoin the Saturnian system – The Golden Age – in their afterlife.

    To the ancient priests of Judah, YHWH was the planet Saturn. Israel never existed on Earth – only in the Saturnian sky. Abraham, Moses, Joshua, David, Solomon, Samson, etc..etc, were different aspects of the planets Saturn or Mars; Miriam, Esther, Ishtar, Astarte, Asherah, et al, were the planet Venus. God, Father, Elohim, El Shaddai, Jehovah, Lord of the Mountain are also the head-honcho planet Saturn. Hell, even today, their holy day – Shabbat – is the planet Saturn’s day.

    Whoever wrote the New Testament gospels (probably the Romanized Maccabees) were indeed smartasses – the main character, Jesus Christ, is the planet Mars; the Virgin Mary, Mary Magdalene, Salome, and probably other Meri/Marys, are all different aspects of the planet Venus; The whole purpose of the NT is to remind Christians to pay taxes lovingly on time (and turn the other cheek, sucker) and to unwittingly (or wittingly for some, come to think of it) worship the god of war.

    The major gods (also with many other names) of the Egyptians were: Osiris/Amun/Amen/Ra/Re – Saturn; Isis/Meri/Sekhmet – Venus; and Horus – Mars. The same trinity/triad is found in countless cultures, worldwide, eg. to the Sumerians they were Shamash, Inanna and Nergal. This triad is also depicted on the national flag of Wales. (The classic Celtic Cross symbolises the Saturnian system, depicting the Axis Mundi with Saturn, Venus and Mars atop it).

    To the ancient Welsh (Britons) and Irish, the planet Saturn (in the Otherworld, located way above the North Pole) was The Holy Grail, the magic cauldron, the head on a platter, Caer Gwydyon; Arthur (“not a king, a warlord”) of legend is the planet Mars; Branwen (White Crow), Arianrhod (Silverwheel), Olwen (White Track) and many other Welsh characters are different stages in the life of the newly-born planet Venus: Athena (Venus) did indeed come “out of the head of Zeus” (Saturn). And our ancestors saw it all.

    —————————————

    The Deceiving of Huan – [The Darkening of Saturn]

    Peniarth MS 112 880-881

    [See: http://www.maryjones.us/ctexts/huan.html ; The Saturn Theory: http://www.maverickscience.com/saturn.htm ; and Thunderbolts of the Gods: http://www.thunderbolts.info ]

    The wife [Venus] of Huan(1) [Sun] ap Dôn(2) [Sky goddess, cf. Hathor] was a party to the killing of her husband [Mars. Venus interacted electrically with both Saturn and Mars and was, just like Isis (Venus) with Osiris (Saturn) and Horus (Mars), considered the “wife” of both of them and also the “mother” of Mars], and she [Venus] said that he [Mars] had gone to hunt away from home [left the Saturnian System]. And his father, Gwydion [Saturn], the King of Gwynedd [White or Blessed Land], traversed all countries in search of him [Mars], and at last made Caer Gwydion(3) [Saturn Citadel. cf. Homer’s Troy – not to be confused with the two-bit Hisarlik], that is the via lactea [Milky Way – but not as we know it – cf. Hathor], which is in the sky, to seek him. And he found him in heaven, where was his soul [Mars had taken a battering – wounded in the side, thigh or heel, scarred on the face, incinerated, melted, and in some cultures had had his “skull shattered to pieces” – which may well explain the creation of the Asteroid Belt]. And for that he turned the young wife [Venus] into a bird [maybe owl – many cultures have this motif for Venus; but could also be Branwen – White (female) Crow/Raven – also a common Venus archetype; Raven for Saturn and Raven-Boy for Mars were common epithets among the Native Americans] and she [Venus] fled [became a comet] from her father-in-law [and “husband”, Saturn], and [he, Saturn] is called to this day Twyll Huan(4) [Tywyll Huan – Dark Sun. Twyll (deceit) and tywyll (dark) sound almost identical]. Thus, after the manner of the Greeks, the Britons formerly treated their stories and tales [true history] in order to keep them in memory [if they were merely stories and tales they would not have kept them so assiduously, meticulously, in memory; and certainly not the etymology of the word for an owl !].

    NOTES

    1. Huan ap Dôn [Sun of the Sky]: the figure here is obviously [I beg to differ] Lleu Llaw Gyffes [Mars. Gyffes is cyffes – “confession” or “acknowledgement”. I suggest Left Hand Light: facing east to the present Sunrise, the right (Welsh “de”) hand (“llaw”) would be to the south (also “de”), the raised left hand would be to the north, acknowledging where the Saturnian system was once located, way above the North Pole], and this short text is a retelling of the final section of the Mabinogi [Mabinogion: Mabyn o g(wyd)yon – Children from/of Saturn); why his name is Huan, “Sun,” is a difficult question (see note 3). [In many cultures worldwide, Saturn is described as an ancient or dark sun]. “Lleu” is certainly derived from Lugh, in which the “gh” is essentially silent; Lugh is in turn derived from “Lugus”, which ultimately derives from the hypothetical proto-Indo-European *Leug- “oath/swear.” In other words, he is originally the god of the oath, Dumezil’s Mitra to Nuada’s Varuna. Thus, Lleu was not originally a god of light; however, the similarity between *leug- (oath) and *leuk- (light) may have influenced the idea that Lugus (and thus Lugh and Lleu) was somehow associated with light, at least in late Iron Age/early medieval thought. [Lleu is light, as in modern Welsh lleuad – moon; or goleuad – light or luminary].

    2. Huan/Lleu’s [Saturn/Mars] pedigree here is confusing, as traditionally his [Lleu’s] mother is Arianrhod [Silver Wheel. Saturn-Venus electric-discharge intercourse, where Venus looked like a silver wheel from Earth], making Dôn [Sky] his grandmother [same sky]. Moreover, Gwydion [Saturn] is also the son of Dôn [Sky], and so Lleu/Huan [they are not the same entity] would be the product of Gwydion’s incest, either with his sister or his mother; the sister is more likely. [Blimey. Since they are the sky and planets, no incest is involved].

    3. Caer Gwydion: there is some tradition that the Milky Way is called Caer Wydyon in Welsh; whether this is actual medieval tradition, or influenced by the antiquarians, I am not sure. [cf. Hathor/Nut – Supreme Sky and Milk goddess – depicted as a sky-arch with teats, with all the god-planets “beneath her feet”. However, Saturn Citadel is a much better interpretation of Caer Gwydion].

    4. Twyll Huan [literally “Deception Sun” – does not make sense]: The story is an attempt to explain the word tylluan, the owl. [No, this is nonsense by Mr Jones, hiding the true meaning: the dimming or darkening of Saturn]. In this bit of folk etymology, tylluan is divided into twyll [there is no justification in adding a “w”; tyll does not sound like twyll] and (h)uan [there is no justification in adding the “h”], the sun. Thus, the composer changed Lleu’s name to Huan, [this assumption should never have been made], which he may have thought fitting. [Ha!, it’s what Mr Jones thought “fitting”].

    [In modern Welsh, the Sun is Haul (m); Huan (f) is not commonly used].

    SOURCE
    Jones, T. Gwynn. Welsh Folklore and Folk-Custom. London: Methuen & Co. LTD, 1930. p.16.

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