Gaddafi targeted for gold currency push

 News  4 Responses »
May 072011
 

The Russian news service RT reports that besieged Libyan leader Muammar Gaddafi was targeted by Western powers not for humanitarian reasons or even for oil. Instead, Gaddafi is in NATO’s crosshairs because of his push to abandon the U.S. dollar to unite Africa and Muslim countries with a gold-backed currency.

“It’s one of these things that you have to plan almost in secret, because as soon as you say you’re going to change over from the dollar to something else, you’re going to be targeted,” says Ministry of Peace founder Dr James Thring. “There were two conferences on this, in 1986 and 2000, organized by Gaddafi. Everybody was interested, most countries in Africa were keen.”

Gaddafi did not give up. In the months leading up to the military intervention, he called on African and Muslim nations to join together to create this new currency that would rival the dollar and euro. They would sell oil and other resources around the world only for gold dinars.

It is an idea that would shift the economic balance of the world.

While the struggling U.S. Dollar has rebounded strongly with the announcement of Osama bin Laden’s assassination, precedence for this theory comes from Iraq which was invaded soon after Saddam Hussein announced that Iraqi oil would be traded in euros, not dollars.

Despite recent demonization in Western media, Gaddfi is widely respected throughout the African continent. For example, in 2008 over 200 traditional African rulers and kings conferred upon Muammar Gaddafi the title “King of Kings of Africa.”

 Posted by Van Smith at 11:43 am  Tagged with: , , ,

157 U.S. Bank Failures in 2010 sets FDIC record

 Analysis, News  No Responses »
Dec 312010
 

As of December 31, 2010, the FDIC lists 157 U.S. bank failures for the year 2010.  That number eclipses the previous record of 140 shuttered banks set only one year earlier in 2009.  When the ongoing economic storm began in 2008, only 25 banks failed that year.

The chart below illustrates bank closures going back to the year 2000.

FDIC listed U.S. bank failures for 2010

FDIC listed U.S. bank failures for the 21st Century

Regardless of rosy economic projections made by some for 2011, clearly the U.S. economy is far from well.  Indeed, we might just now be entering the initial stages of economic collapse.

 Posted by Van Smith at 3:54 am  Tagged with: , ,

More banks shut down

 News  No Responses »
May 312010
 

The number of bank failures rises to 78 so far this year as 3 banks in Florida, 1 in Nevada, and 1 in California shut down on Friday, May 28. The number of banks expected to fail this year is more than 140, the number of failed banks in 2009.

 Posted by Kathy Smith at 12:11 am  Tagged with: , , , ,

FDIC shuts more banks

 News  No Responses »
May 082010
 

This year’s total number of closed banks is now 68, twice as many as this time last year. The banks failures occurred in Arizona, California, Florida and Minnesota. FDIC Chairman, Sheila Bair, said recently that the number of closures will likely peak this year at a slightly higher rate than last year.

 Posted by Kathy Smith at 10:37 pm  Tagged with: , ,

Predictions for 2009

 Uncategorized  2 Responses »
Jan 082009
 
  1. The economy will continue to worsen throughout 2009. The U.S. will officially be in a depression by years end.
  2. After a few more months of deflation, the value of the dollar will become unstable and retract.
  3. Talk of dumping the dollar as the global reserve currency will accelerate while a North American currency dubbed the “Amero” will be proposed.
  4. A “major event” will occur soon after Obama is inaugurated.
  5. The Dow Jones Industrial Average will slide below 7,000.
  6. Housing prices will continue their decline.
  7. An event will occur in America that will be used to place a great deal of pressure on the Second Amendment.
  8. A false flag event officially and falsely attributed to foreign terrorists will be carried out inside the United States.
  9. A false flag event will be exposed, but mainstream media will try to ignore it.
  10. There will be major riots in the United States.
  11. Iran will be attacked.
  12. India and Pakistan will be provoked to the brink of war by various intelligence operations.
  13. A major war will begin that may eventually lead to a much broader conflict.
  14. The price of gasoline will remain low until the value of the U.S. dollar begins to slide.
  15. Federal troops will be deployed within the U.S. for the purpose of law enforcement, violating the Posse Comitatus Act of 1878.
  16. Talk of censoring the Internet inside the United States against broadly defined hate speech will erupt and build throughout the remainder of 2009.
  17. A major political activist will be jailed inside the United States.
  18. A major political activist will be slain inside the United States.
  19. A major U.S. politician will be assassinated.
  20. A well known entertainer will be jailed for political reasons provoking outrage.
  21. A major disease outbreak will occur.
  22. Globalist bankers and industrialists will be attacked in the U.S. as their role in the collapse of the the economy will become more widely recognized.
  23. The National ID Card will move to the forefront of discussion within the United States.
  24. As earth’s climate continues to cool as predictied by heliocentric climate models and with more and more experts publicly expressing skepticism over manmade, CO2 driven Global Warming, popular support for carbon reduction initiatives wanes dramatically, particularly in the U.S.. Despite flagging support, the Obama Administration, with the support of a friendly Congress, successfully rushes through legislation to heavily tax the carbon emissions of coal fired power plants, resulting in higher electricity costs for most Americans.
  25. The college football BCS system will be abandoned in favor of a playoff system due to antitrust court case developments.
  26. All major CPU and/or GPU vendors will survive 2009, but layoffs will continue. At least one vendor will be in imminent danger of failure by the start of 2010.
  27. Linux will gain market share away from Microsoft despite the critical success of Windows 7.
  28. So-called “touch” interfaces will become popular in desktop and mobile applications.
  29. The line between “Netbooks” and lowcost thin-and-light notebooks will be blurred. This combined segment will experience explosive growth.
  30. ARM vendors’ attempts to capture a slice of the netbook market will fail due to performance shortcomings and the depressed economy.
  31. Digg and reddit, two sites that once held great promise for furthering the cause of freedom and serving as springboards for revolution, decline into banal outposts of kitten photos, porn, pop culture and lunatic rants on wedge issues.
 Posted by Van Smith at 11:15 am  Tagged with: , , , , , , , , , ,
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