-- Obama's Speech on the Economy and Signals of What's Coming
-- Economic Collapse Accelerating
-- Leon Panetta as DCI Scares Me to Death
-- Is the Economic Collapse a Controlled Global Demolition?
-- Mike Ruppert Videos on Sale Again At FTW Site
Michael C. Ruppert
(c) Copyright 2009 Michael C. Ruppert. All Rights Reserved
Jan 9, 2009 – It's not possible yet for any world leader to tell people that the collapse of industrialized civilization is coming but it appears as though the Obama administration is preparing to say it… at least from what we can see. (It's going to become obvious soon enough.) What is not known are what secret plans are being made and what contingencies are being prepared for. There are some clues.
As our first Chief Performance Officer, Nancy Killefer is extraordinarily qualified for the job of going through the federal budget line by line and seeing which programs work and which don't,
determining which can be cut to save money. But I believe Barack Obama put her brief to her in a public-consumption version and also in a confidential one that was a bit more direct. It might have sounded something like this: "Nancy I want you to determine in what order we shut down the United States government. Tell us which switches to turn off, in what order, so that we don't shut the wrong things down too soon."
In Thursday's speech the President-elect, in my opinion, began weaning the American people, from their so-deeply ingrained sense of entitlement to wasteful excess. He called this the end of an era of "profound irresponsibility". He set the right tone initially about the gravity of the crisis but stopped short of Peak Oil and the fact that there can and will be no recovery. He chided us for living beyond our means and flatly said that there will be cutbacks in government services. He predicted double digit unemployment. (I see 20% or greater unemployment by January 2010.) He continues to talk about recovery but I'm sure he knows there won't be one. In fact he said that this could be a recovery that it might not be possible to recover from. We are being prepared.
I wouldn't be at all surprised to see a couple of days with 700+ point losses in the Dow over the next ten days to two weeks. The data is just horrendous and it is also becoming torrential around the globe as the Gaza crisis diverts attention.
So we're still waiting to see how the Obama Administration is going to conduct itself. I can pretty much bet that as many as 50-75 new Executive Orders will be announced within 72 hours of the
inauguration. That's going to require some heavy reading on my part. The actions of the administration will tell us much more than the public statements and appointments which have given me grounds for optimism.
In the meantime WHILE EVERYONE WAS WATCHNG GAZA the stories of a global implosion are mounting. -- Europe's economy is contracting at a faster rate than in the 30s. In the meantime the Russian shut-off of European gas supplies is wreaking havoc, especially in the Balkans, the Czech Republic and elsewhere, causing factories to be shut because there isn't enough energy to run them and keep people from freezing. Corporate pension funds in the U.S. are facing serious shortfalls. Unemployment Claims have crashed three state web sites. Every major industrialized nation (including the U.S.) is preparing for civil unrest. And we haven't seen Q4 earnings reports yet.
China has just announced that it is holding onto its cash and not lending as much to the U.S. It has its own bailout package to fund. It needs that cash for its own bailout and thus can no longer lend anywhere near as much to the U.S. at a time when we are borrowing or printing money at rates about a hundred times higher than in World War II. Reports have suggested that China may dump half of its $1.4 trillion dollar holdings within the next two months. A global dollar dump will follow shortly thereafter bringing all those greenbacks back home. That could be the trigger for Weimar-style inflation.
Starting back as far as late 2003 FTW was predicting these developments. One of my best essays from the period was "As the World Burns" (FTW's third economic alert) from Dec. 2004 is available at the FTW site: http://www.fromthewilderness.com/free/ww3/120104_world_burns.shtml
Manufacturing has hit a 28-year low and today's jobs report is the worst since 1945 with the biggest job losses yet to come. Officially, unemployment now exceeds 7%. Fourth-quarter earnings reports are due soon and that will be one of the biggest buckets of cold water in the face we've seen in a couple of months.
As I correspond with a number of key friends and researchers around the world we have all concluded that it may be just a matter of weeks before we start seeing major disruptions in everyday life. It's hard to keep up with the torrent of ominous news.
But Mr. Obama has made one appointment which absolutely scares me to death. He has nominated Leon Panetta to become the next DCI (Director of Central Intelligence).
PANETTA AT CIA? – RUN FOR THE HILLS!
IRAN-CONTRA II… ON STEROIDS
Omigod! Has Barack lost his mind?
I have individual research files, accumulated over a decade, on maybe 300 of the government's top movers and shakers for the past 30 years. The first thing I did after hearing Panetta's name for Director of Central Intelligence was sit down and catch my breath. Then I went through my 6 Gigs of research files and searched out everything I could on him.
What I found was that (IMO) Leon Panetta is a pretty decent guy. He has taken the right stands on many important issues from the drug war, to torture, to Iraq. The biggest "offense" I could find was his direct role in the pardon of Marc Rich. (Rich is/was a heavy and very dirty intelligence/black op player.) Look, everybody at that level has skeletons and that history isn't even worth discussing now. It's what I didn't find that so worries me.
I was looking for anything that suggested Leon Panetta might have had clandestine experience or even some remote exposure to Agency operations. That's what scares me to death. George H.W. Bush was billed as an outsider when appointed as DCI in Jan., 1976. However, there's a mountain of excellent research that establishes that "Poppy" Bush had been a covert player and CIA hand his whole life. One tiny example is that he owned a company called Zapata Oil in the 50s and 60s. The code name for the Bay of Pigs Invasion in 1961 was "Operation Zapata". Paper records throughout Bush I's life link him to the CIA. CIA's headquarters is named after him fer crying out loud.
Let's think of a couple of other "outsiders" who went into CIA. James Schlesinger was an abysmal failure, short-tenured, and a major nerd. Then there was John Deutch… need I say more?
The one prior CIA director which reminds me of Panetta, however, is Admiral Stansfield Turner who was appointed by Jimmy Carter and confirmed in March 1977. And if it turns out the same way there is going to be some serious bloodshed, an evaporation of civil liberties and a ten-fold expansion of covert operations… "off the books". (It eliminates all those messy oversight problems. Saves money on hearings and things like that.)
Turner arrived at CIA as a retired Navy Admiral who had been outside the intel community. His mandate was to clean house and get rid of all those dirty-rotten scoundrels who had committed assassinations, overthrown governments and operated outside the law. The Church and Pike committees had released mountains of incriminating data from the 50s, 60s and 70s. What did Turner do? He fired all those clandestine service people right away.
What did they do?
Well they took all of their knowhow, the black budgets that were off-the-books, their ability to smuggle stupefying amounts of drugs and guns and they started a parallel or "shadow" government that Congress didn't touch until Iran-Contra was a full blown scandal and tens of thousands of Central Americans had been murdered by death squads and American surrogates. (I miss Warren Zevon.)
Names like Shackley, Clines, Wilson, Singlaub, Poindexter, Clarridge, Abrams, Armitage, Negroponte and many more came to public light. Who can forget the most visible off-the-books crook Oliver North? I interviewed Shackley. I helped get Edwin Wilson out of prison when the CIA cut him loose and denied he was working in the Agency's behalf. These are the people who ruined my career at LAPD by smuggling drugs. Poindexter, Armitage, Negroponte and Abrams all came back into official power under Bush/Cheney.
The bottom line is that you cannot put someone in as DCI who doesn't know how black ops work, tell him/her to clean house and expect to generate anything except a massive off-the-books, bloody and very dangerous parallel covert capacity that the DCI will be helpless to prevent.
In the years since 9-11 U.S. intelligence capabilities have mushroomed. The use of proprietary software with "back doors" (PROMIS) has exploded and the degree of outsourcing of intelligence functions to corporations has exploded. So what can anyone expect of the legions of Bush-Cheney-era spooks who will now be unemployed to do? The term "rogue" may be about to acquire a whole new definition.
It is unfathomable to me that Barack Obama's staff, Senator Feinstein (who I am not a great fan off) and all of congress have forgotten or are unaware of the bloody and criminal legacy of Iran-Contra. Why are they apparently setting things up for it all to happen again? We will all wait with baited breath to see if these questions come up in the confirmation hearings for Mr. Panetta and his designated boss as DNI, retired Navy Admiral Dennis Blair (also a relative outsider). If the Iran-Contra question is not answered then we might have the best signal yet that the Obama administration has ulterior or malevolent agendas. The current economic collapse, however, is happening so fast that this lingering and very important question may be moot. It took from January 1977 through roughly 1980 for the off-the-books covert capacity to establish itself in way that resulted in coups, deaths squads and the usurping of the U.S. government. In 1979 domestic U.S. cocaine consumption was around 50 metric tons per annum. By 1988 it reached 600 metric tons.
I see only three possible explanations:
1. Obama and company have no clue of Iran-Contra history.
2. They do know the history and are intending to recreate it on a fast
track. In other words, the U.S. is preparing for a no-holds-barred
fight to keep things together.
3. They do know the history and have a plan to prevent it from happening again.
THINGS COMING DOWN UNIFORMLY – A CONTROLLED DEMOLITION?
What follows is only a partially-formed impression rather than a conclusion. It is looking to me as if the downward pressure on all economies is hitting fairly uniformly around the world. For a long
time those of us who looked forward assumed that economic collapse would hit first one major power and then another in varying degrees. I left open the possibility that it might be a controlled fast crash and spread evenly to avoid international conflict and tension. That's the way it is starting to look.
That leaves open the question as to whether or not there might be an agreement to collapse the global economy uniformly so as to let each nation manage its own die off. There's logic to that but I can draw no conclusions as yet.
COMING TOPICS – Soon it will be necessary for me to look at topics which we've mentioned in passing. These include civil unrest, camps, emergency communications and preparedness as the threat of societal breakdown becomes imminent. It's time to start doing that.
LARRY FLYNT – A big High Five to HUSTLER Publisher Larry Flynt – the guy who saved the first amendment for us by beating Charles Keating (of the Keating Five) in the Supreme Court. I was HUSTLER's interview of the month twice and actually met Flynt in his office. He was the best-looking corpse I have ever met and God bless him… his sense of humor is still alive. Asking for a bailout for the porn industry made me laugh harder than I have in weeks. I'm not worried about the industry. Sexual activity always increases in hard times.
HIGH FIVE to poster AGAPE. You've been putting up some great stuff.
MIKE RUPPERT VIDEOS BACK ON SALE AT AMAZON. – I have recently signed a contract with a major fulfillment and international promotion house to resurrect my most important videos: "The Truth and Lies of 9-11" and "Denial Stops Here" are available now from the FTW web site. Within a week or two, my best speech ever (The Paradigm is the Enemy) at the Cooper Union in 2006 will be re-released under a new title: "Mike Ruppert at the Cooper Union 2006 – The Coming Economic Collapse". Its original title (which I never liked) was "Fear and Present Danger". Also, coming back is my 2000 USC lecture "Wall Street's War for Drug Money" which lays out the genesis of this economic collapse and the workings of Wall Street in spades.
You can also get them from the FTW web site.
HOLD ON TO YOUR GOLD. I have seen nothing to suggest anything other than a major breakout within three months. After looking into a recent theory proposed here I found it unsubstantiated and based upon some very large assumptions about future actions by the IMF and World Bank for which no supporting evidence was presented. That same poster also sent something which didn't go up about drawing pentagrams to determine where some new unspecified terror attack would occur. Sorry, but we work with harder and better data here. I'm holding my gold tighter than ever.
THE EGG COMES FIRST
Do these articles leave you breathless? Pumped up and wondering what to do with the adrenaline? Tempered by a look out the window where to all appearances, life goes on as it always has, this is just the sort of channelled energy we need to get things done.
Ah, there's the rub: "...as it always has."
When you're a kid, you wake up, have breakfast, go to school, come home, do homework, have dinner, go to bed, wake up....
When I was ten, my family moved to England. The infinite cycle broke, as far as I was concerned. (For other people, it can come when they change schools.) Uprooted and transplanted, I'd acquired the third dimension of a past.
One day about a year later I was for some reason contemplating the chicken and egg conundrum, that staple of infinite cycle thinking.
I realized that it lacked a key element. If you factored in evolution, the egg came first. What had laid the egg was not a chicken but something that preceded chickens in the evolutionary scheme of things.
That's on the individual, micro level.
The macro level: (The Big Picture for those of philosophical bent)
The market goes up; the market goes down. What goes down must come up again. Not because of any law of physics, God knows, but because that is what it has always done. Therefore it will continue to do it, for whatever reason, known only to itself and those nebulous Experts in these things who live in ivory towers and sound as though they know what they're talking about on CNN. Who cares why?
What looks like a cycle of history is also not an actual cycle. It, too, has a direction, an agenda.
And here we are, on the brink of finding out what that's going to look like.
One thing we can see: Whoever is pulling the strings (even if they're doing so in a hurricane) they use us humans with diabolical ingenuity. And we let them.
First they unleash the furies of the Islamist world, ready and willing accomplices in the destruction of the Wicked Witch of the West which is us.
Then they do the opposite, unleashing a backlash in Gaza and on Wall Street.
Hard to know whom to point the finger at more. There's no shortage of candidates.
Like Nature, we humans abhor a vacuum. We rush in to fill it with mischief. The point is not, as some commentators on the recent Madoff debacle have eagerly pointed out, that Madoff's victims were sold out "by one of their own." (So far, no one outside of the most bottom-feeding websites has spelled out what that phrase means.) The point is, deregulation allowed it to happen. Some Madoff somewhere was inevitable. What might have prevented him was a rigorous legal framework. That's why society as a whole constructs laws; to control the appetites, the runaway mayhem of individual sociopaths.
The best way to destroy your enemies, goes the old saw, is to let them destroy each other. It's a great energy saver, at least of your own energy. And they don't seem to mind. As E.M. Forster said, "There is nothing so satisfying as moral indignation."
Things are happening fast. Each change will precipitate other changes in an exponential expansion. The spiral will become a vortex.
Thank God for human curiosity, even if in this case it will be of the morbid variety.
Porn Industry Seeks Bailout
Article Mike referred to above.
Crops [including organic] Absorb Livestock Antibiotics
Quote of the day: