Findings & Forecasts 04/10/2013

Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedInShare on TumblrDigg thisBuffer this pagePin on PinterestShare on StumbleUponEmail this to someone

Economy

In his classic book Nine­teen Eighty-Four, George Orwell invented and per­fected the psy­cho­log­ical notion of “dou­ble­think.” That is, simul­ta­ne­ously believing two con­tra­dic­tory ideas or opin­ions. Orwell’s Min­istry of Truth building dis­played slo­gans like “War is Peace,” “Freedom is Slavery,” and “Igno­rance is Strength.”

“The power of holding two con­tra­dic­tory beliefs in one’s mind simul­ta­ne­ously, and accepting both of them… To tell delib­erate lies while gen­uinely believing in them, to forget any fact that has become incon­ve­nient, and then, when it becomes nec­es­sary again, to draw it back from oblivion for just as long as it is needed, to deny the exis­tence of objec­tive reality and all the while to take account of the reality which one denies – all this is indis­pens­ably nec­es­sary. Even in using the word dou­ble­think it is nec­es­sary to exer­cise dou­ble­think. For by using the word one admits that one is tam­pering with reality; by a fresh act of dou­ble­think one erases this knowl­edge; and so on indef­i­nitely, with the lie always one leap ahead of the truth.” (Orwell, George 1949. Nine­teen Eighty-Four;  p 32)

In America today, dou­ble­think is prac­ticed with fine pre­ci­sion at the national level. People who give up and drop out of the work force  become “unper­sons” and are not heard of or from again; but according to the gov­ern­ment, “the economy is fine and unem­ploy­ment is falling.” Con­tinued global mil­i­tary action is con­ducted in the name of “peace.” The onslaught of never-ending cit­izen sur­veil­lance is for our “safety and secu­rity.” Thought police mon­itor inten­tions, resulting in the destruc­tion of rep­u­ta­tions and liveli­hoods. The “Min­istry of Pro­pa­ganda” is never wrong and cit­i­zens are never right.

Orwell, H.G. Wells (Things to Come) and Aldous Huxley (Brave New World) all penned their respec­tive future­casts while looking straight into the face of the Amer­ican Tech­noc­racy move­ment. The move­ment as a move­ment failed soon after it started, but only because the tech­nology did not exist yet that could enforce and sus­tain their utopian dreams. Those dreamers — and their dreams — con­tinue to live on from gen­er­a­tion to gen­er­a­tion, encour­aged by gar­gan­tuan advances in technology.

When the curve of tech­no­cratic desire inter­sects with critical-mass tech­nology, Tech­noc­racy will sprint to rule the world with a brutal total­i­tar­i­anism not yet seen in the his­tory of man.

As I wrote in Tri­lat­eral Com­mis­sion Influ­ence in the Euro­pean Union in 2011, Com­mis­sion co-founder David Rock­e­feller readily boasted of their influ­ence in estab­lishing the EU:

“Back in the early Sev­en­ties, the hope for a more united EUROPE was already full-blown – thanks in many ways to the indi­vidual ener­gies pre­vi­ously spent by so many of the Tri­lat­eral Commission’s ear­liest mem­bers.” [Cap­i­tals in orig­inal] (Rock­e­feller, David; In the Begin­ning; The Tri­lat­eral Com­mis­sion at 25, 1998, p.11)

 This was in accor­dance with the ideas of Com­mis­sion co-founder Zbig­niew Brzezinski who wrote Between Two Ages: America’s Role in the Tech­netronic Era:

“The nation-­state as a fun­da­mental unit of man’s orga­nized life has ceased to be the prin­cipal cre­ative force: Inter­na­tional banks and multi­na­tional cor­po­ra­tions are acting and plan­ning in terms that are far in advance of the polit­ical con­cepts of the nation-state.” [emphasis added]

Banks and multi­na­tional cor­po­ra­tions are oper­ated according to prin­ci­ples of Tech­noc­racy: Science-driven effi­ciency is always the utmost goal. When applied to “man’s orga­nized life” you have the reality of science-driven social con­trol, which is exactly what we are expe­ri­encing today.

Should the world be run like busi­ness is run at IBM, Gen­eral Elec­tric, Mon­santo, Goldman Sachs, etc.? Most would say “No” but this is exactly what is hap­pening all over the world.

In 2001 Time Mag­a­zine cor­rectly called China a Tech­noc­racy, noting a new form of “Neo-Authoritarianism” that was easily mis­taken for Com­mu­nism, but was not Com­mu­nism. How did China get “con­verted” and by whom? Again, Tri­lat­eral Com­mis­sion mem­bers played the lead role as they opened up China for trade in the early 1970’s. The impact of China’s new author­i­tarian Renais­sance is seen in the fol­lowing chart:

tradewithchina

Between 1974 – 1984, Chi­nese infra­struc­ture was built up to create a new man­u­fac­turing empire con­trolled by a Western-led con­sor­tium of com­pa­nies like Bechtel Engi­neering, Gen­eral Elec­tric, IBM, etc., all of which had direct ties to the Tri­lat­eral Com­mis­sion. Starting in 1984, their strategy began to bear fruit. Between 1984 and 2012, the U.S. trade deficit with China grew from a minis­cule amount to over $450 bil­lion per year. America per­ma­nently lost mil­lions of jobs as com­pa­nies and indus­tries aban­doned Amer­ican shores for the Chi­nese nir­vana of cheap labor. In the process, America was lit­er­ally plun­dered by these global corporations.

America is rapidly becoming a Tech­noc­racy as gov­ern­ment func­tions are turned over to unelected and unac­count­able experts, engi­neers, sci­en­tists and tech­ni­cians. When Obama recently called for a $100 mil­lion ini­tia­tive to map the human brain, he even gave him­self the new title of “Scientist-in-chief.” So, we have an evolving nation­wide smart grid elec­trical system, mas­sive data­bases on cit­i­zens that are being updated in real-time, com­put­er­ized eaves­drop­ping on all phone calls and emails, a never-ending “war on terror” that has mys­te­ri­ously refo­cused itself on Constitution-loving Amer­ican cit­i­zens instead of Islamic enemy combatants.

In the midst of this global and stealthy tech­no­cratic takeover, let’s recon­sider the for­merly sov­er­eign nation of Cyprus. After its com­mu­nist and socialist gov­ern­ment leaders ran their fiscal system into the ground, they finally ran out of cash and had to beg the EU for a bailout. The EU lead­er­ship instead forced them to do a “bail-in” before they would get any “bail-out” funds. Thus far, the bail-in resulted in the con­fis­cating up to 60 per­cent of all bank deposits in excess of 100,000 euros.

The con­fis­cated deposits are being plowed back into equity shares of the nation’s banks prior to being absorbed by global banks for pen­nies on the dollar.

Cit­i­zens 0 — Tech­nocrats 1.

To add insult to injury, Cypriot leaders announced today that they are being forced (by the EU tech­no­cratic lead­er­ship) to dump $530 mil­lion of their national gold reserves as an addi­tional part of the “bail-in.” This rep­re­sents approx­i­mately 70 per­cent of the entire Cypriot gold hoard. If this isn’t a pic­ture of national plun­dering, then I don’t know what is.

Who will buy this gold from Cyprus? Not cen­tral banks! Rather it will be the global bul­lion banks, con­sisting pri­marily of Bar­clays, Deutsche Bank AG, HSBC, Goldman Sachs, Citi Group, JP Morgan Chase and UBS. Freeing up a 10 ton block of gold is a huge win for the global elite who have been accu­mu­lating gold over the years.

Cit­i­zens 0 — Tech­nocrats 2: Game over

I sug­gested in a 2008 report Tri­lat­eral Plan to Corner World Gold Market that the “hidden” gold reserves of many coun­tries would be even­tu­ally attacked and absorbed by these bul­lion banks, all of which have some mem­ber­ship con­nec­tion to the Tri­lat­eral Com­mis­sion. My con­clu­sions at the time were:

  • “The mas­sive amounts of gold leased to bul­lion banks will ulti­mately be seized by these same banks as col­lat­eral against worth­less paper loans made to the Cen­tral Banks.
  • “Cen­tral Banks (including the Fed­eral Reserve) could well be left to dis­in­te­grate in order to give way to a single global cen­tral bank con­trolled and fueled by the bul­lion banks who have monopoly con­trol over the world’s gold.
  • “These super­banks are all closely tied to the goals and mem­ber­ship of the Tri­lat­eral Com­mis­sion, whose mem­bers have method­i­cally car­ried out a mon­e­tary policy designed to bring about this eventuality.
  • “For all prac­tical intent, indi­vid­uals will be frozen out of the gold market at any price.”

Five years later, my analysis looks better now than it did then.

If the Tri­lat­eral elite intend to create a global tech­noc­racy, then they are cer­tainly doing a good job of it. The plun­dering of Cyprus sends a strong mes­sage to the global com­mu­nity: “Don’t mess with us or we will crush you.” Are Italy, Spain, France and Greece lis­tening? It won’t take long to find out. One way or another, expect addi­tional sales of national stores of gold to take place in the future.

My last obser­va­tion is that global Tech­noc­racy will ulti­mately con­trol people by the issuance of energy credits instead of money. The tech­no­crat elites, how­ever, will mea­sure their wealth in terms of the gold they own — and that’s why they want it today!

[DAP isPaidUser=“Y” hasAccessTo=“3,4,5,6,8,10″ errMsgTemplate=“LONG”]

Market

Take note! The Bit­coin bubble has busted. After hit­ting an astro­nomic high today of $266, it fell within hours to $105, for a whop­ping one day loss of 61 per­cent. From an Elliott Wave per­spec­tive, the Bit­coin market was in the “fifth of a fifth” wave up when it simply ran out of steam and crashed. If there is a par­allel with U.S. stocks, it is that stocks also are in the “fifth of a fifth” wave up, seem­ingly in a bubble and while investors have seem­ingly aban­doned all fear.

The advance in stocks was not expected, but it has merely extended the fifth wave upward. It is inter­esting that since early Jan­uary, the number of stocks making new 52-week highs has per­sis­tently declined, indi­cating that each advance has been more narrow than the last (fewer stocks participating).

As frus­trating as these mar­kets are, we must break with what we know to be true: New bull mar­kets do not start at the end of extended fifth-wave ral­lies. More likely, the extra push up is being fueled by for­eign money looking for a tem­po­rary place to park their mobile funds.

On Jan­uary 2 gold closed at $1,693.75, which has been the high of the year. Today, it is 8 per­cent lower at $1,558.30. Since gold has faith­fully fol­lowed stocks in years past, it is in no way con­firming the cur­rent rise in stocks. In fact, it is just as sur­prising to me that gold is as weak as it is given the rise in stocks. When stocks finally give in to decline, it could mean an even quicker unrav­eling of pre­cious metals.

How­ever, both gold and silver have addi­tional options at this junc­ture. If their recent lows hold, a sharp counter-trend rally could occur, taking gold back above $1,600. Silver could fea­sibly target the $29.00 area.

The near-term fate of the dollar is clouded as it chops back and forth in a fairly narrow range. The euro has ral­lied recently and could be close to reversing down­ward again, which would nor­mally be bullish for the dollar.

All of this calls for patience. My bearish fore­cast on gold plus bullish fore­cast for the dollar are working out in orthodox fashion. Stocks will just take a little longer. In the mean­time, “Cash is still king.”

[/DAP]

, , , , , , , , , , , , , ,

4 Responses to Findings & Forecasts 04/10/2013

  1. Ruth Harris April 10, 2013 at 7:40 pm #

    Patrick,

    The main reason there is such a huge trade deficit with China is that they make almost all our stuff and we have to buy it from them to get it. We don’t sell nearly as much stuff to them. In the name of min­i­mizing cost our man­u­fac­turers out­sourced to Asia. It’s cap­i­talism at its finest. ; )

    In your list of those taking over the run­ning of things you left out the com­puters them­selves. I know the sci­en­tist and engi­neers, etc. create and pro­gram the things but once set up they do the work with often little input from humans. I just com­pleted renewing a trade­mark for a client, and the entire process is now done online. What they don’t do is alert you when your TM is coming up for renewal, only send you a notice when you are overdue (and owing extra money). It’s all very quick and con­ve­nient, but I can’t imagine how many humans were relieved of a job at the USPTO by the com­puter. They haven’t com­put­er­ized the lawyers yet as it can take up to a year for them to get through the TM approval process.

    On another topic, my daughter uploaded a very old pic­ture on her face book page that included a pic­ture of me. The angle was rather oblique and my hair style has changed dras­ti­cally along with the wrin­kles and sag­ging skin, but as soon as it uploaded Face­book named me.

    Ruth

  2. Ricjt April 12, 2013 at 9:03 pm #

    My only ques­tion to you, Ruth, is why anyone is on Face­book. Per­haps you have noticed that sev­eral arrests have been made based on what appears on FB? Seemed obvious to me there are “others” keeping an eye on it. First time I read about such an inci­dence, I pulled off every­thing and left…which was very, very dif­fi­cult to do through their web­site, much to my sur­prise. I do not believe they truly deleted my infor­ma­tion (even though it was scant) either as I keep get­ting notes from them for dif­ferent “connections.”

    I have read sto­ries where FB is the sup­posed brain­child of the CIA and, having a long his­tory of illicit activ­i­ties, I don’t want any­thing to do with those folks, et al.

    What amazes me is that FB is now linked to almost everything…

  3. Ken April 13, 2013 at 8:05 am #

    Patrick, makes per­fect sense to me as I’ve been telling people about the T.L.C. for over 30 years. No one I ever speak with has ever heard of it. I’ve written to many leg­is­la­tors and they either never write back or have someone write back claiming they would have to do more research into the T.L.C. thesis. Never hear back…Keep up the good expo­sure work of these self serving hegemonic/eletists..

  4. dennisA April 17, 2013 at 12:54 pm #

    You’re right, on many sites, you can only com­ment if you log on through face­book. I remain non FB and non twitter

Powered by Patriot's Web