|Source: Ferguson Report
The Ferguson Report.....
A New American Century? Not! By F. William Engdahl. Posted 1/19/2004
.....is published by former Maryland Senator Tim Ferguson, who served from 1995 thru 2003 as a fairly conservative Republican representing Frederick & Carroll counties. Views expressed reflect Constitutional precepts - not partisan rhetoric.----
Tim Ferguson, registered as a Republican since 1976, believes the Constitution and America come first. "Cookie-cutter" Republicans who place political conformity ahead of social justice damage the party and the nation.
[ Tim Furguson appears to be a Bible-thumping whacko doomsayer (by this I don't mean to denigrate Christian friends, I'm saying some of this guy's stuff was "out there"), (quote: Political party loyalty should never trump America`s strength - which is derived from covenantal morality) Usery, Inc. also appears to be a whacko religious website stating that these problems are due to the US forsaking God and turning into Sodom by sanctioning homosexuals. I think, more to the point of the articles they've uncovered, it's just old fashioned robbery and deception, God's Wrath not relevant. I generally discount those who blame economic and political disasters on "collective Sin", including Falwell and Pat Robertson, however the financial observations made seem well supported by mainstream investors. - gary g.]
supporting financial predictions: http://www.safehaven.com/article-1597.htm
THIS article below appears to be a commentary from "Marcela", with personal impressions. However, the link above works to the more dry facts.
Elite Bankers Now Pulling Plug On US Economy & Currency!
By Senator Tim Ferguson - Ferguson Report
Reprinted from Usury,
I have warned for a long time that the Federal Reserve is planning to destroy the U.S. economy by: printing the U.S. dollar in exponentially riskier quantities until it blows off the charts and crashes, and by easing credit and rates until the average individual and corporate debt loads are so enormous that the resulting massive distortions in the economy suddenly bring on an economic heart attack, leaving no possibility of a short or even medium-term recovery. That day is here!
There is nothing more important in your life right now than the exceedingly dire economic crisis unfolding as I write, and the state of your soul!
In other words, if your spiritual house is not in order, the building financial collapse will be so horrible that you will not be able to emotionally or mentally endure it, and I am addressing the healthy and strong here.
This collapse will knock you out cold, flat on your back, with violence, and most of mankind will never get back up. While the elite are sending signals to their friends that the switch has been thrown, that final preparations for safety are now in order, they are not saying how bad it will be. That is why I began this site, because I could not find anyone, even doomsayers, who spelled out clearly what is at stake here. I believe that even the elite, such as Sir Templeton (more below) do not fully understand the implications of this crash - that this is the end of America as we know it.
That great criminal enterprise - the Federal Reserve - has accomplished step #1, trashing and ending the dollar system, culminating a multi-year, massive, insane inflation of money supply and credit. The Illuminati corporations such as Freddie Mac, Fannie Mae, Farmer Mac, FHA, GM, Ford, and GE (which are actually banks), worked hand-in-hand with the Bank Cartel on this sickening, twisted game, switching from pumping credit cards and cars (which have gone to zero percent financing 12 months ago) to a last-ditch horrendous push into mortgage lending. This insane lending will destroy the lending institutions themselves, as Ford and GM are well aware, but the elite do not care, as after this collapse, there will only be one corporation in the world, and they are all pulling together to put everyone as deep into debt as possible, to assure than no American state or corporation or region will survive when the debt mountain suffocates all life. This is why so many CEOs are bailing out with insane profits from questionable practices which would normally ruin their career for life, as they have raped their corporation (the latest is Grasso of the New York Stock Exchange); but they know the game is over, and it is now or never - this is their last chance to make millions and move to an island, for insiders are able to see that the economy is literally going to hell, and it will not climb out of hell in their lifetimes. (Some of these characters believe they have a room reserved underground to protect them from what is coming. Some are correct in thinking this, some are not. But many of those underground cities will be death traps, so you had better think twice before paying millions for your reservation. There are earth changes coming that will fundamentally rearrange the crust of the earth, most likely including your future bedroom.)
The U.S. growth rate (GDP) in quarter 3 will probably be artificially doubled, as is the U.S. government custom of late, but it will be such a ridiculously high number, that it should be obvious to all that the massive inflation from the Federal Reserve (and mortgage friends) has led to a final blowoff from the massive liquidity and credit push over the past 9 months. But the housing market is so overpriced and overbought that mortgages are plunging despite the cartel's best effort to postpone the long-planned crash with dangerously wild lending (why they are postponing is not yet clear to me, everything appears ready).
The two great props of the deathly-sick US economy - housing and cars - are gone forever, and can no longer be used to cover up the rapidly worsening fundamentals. Indeed, many are recognizing that these two alone - especially artificially low mortgage rates - have postponed a deep crash which should have occurred 2 or 3 years ago. Sadly, this extension has not been helpful, but has served a very useful purpose for the money elite, namely, greatly deepening private and corporate debt loads, exploding red ink in state and local budgets to dangerous levels, emptying pensions, creating a fatally large and exploding US budget and trade deficit, moving millions of jobs thousands of miles away, and expanding the dollar and derivatives mountain to ensure a global panic. This has been carefully coordinated worldwide from the headquarters of all world central banks, in Basel, Switzerland.
You just don't have a clue how dead serious this news is!! My guess (and experience) is that less than 1 person in 100,000 understands how horrible and total the economic devastation will be in America. Personally, I have met only one person (a broker in Los Angeles) who understood what was coming. I met him in 1999, shortly before Sir Templeton said to get out of stocks. I considered this broker in LA to be a maverick, but expected more and more people to see the danger as the months went by. I was wrong. Literally, no one gets it. People all around me and around the world are saying the bottom has been reached, that the light at the end of the tunnel is growing. They live like everything is normal, going to the opera and movies, vacationing like life is normal, as if there was a future of freedom and opportunity awaiting us in the years ahead, as in the past.
But someone who understands that life on this earth as we know it will end, lives a radically different lifestyle. When you see what is coming, and more importantly, why, and from whom, then movies, weddings, opera and building for the future suddenly lose all value. I recently wondered aloud to my wife at the dinner table, "how can the world laugh so heartily, when their lives are so empty and lonely, and when such tragedy and horror approaches the earth?" Her reply was classic. "I have always wondered the same thing." I have married well.
If the Bankers are coordinating the financial destruction of the US, it follows that a time will one day arrive when they are suddenly given a secret signal to coordinate a "take down" of the U.S., after debt loads and dollar weakness is established. That time has arrived.
Evidence Indicates The USA's Plug Has Been
Recently Been Pulled Suddenly, in only the last two weeks, the
warnings are flooding out of high finance like a burst dam. The message
is clear for those who have ears to hear, for these warnings are all
from the same inner circle: it can only mean someone has given the
order to release the hordes of hell and go in for the kill. Some of
these items listed below are reactions from the elite to save
themselves and warn their friends. Other items are legal and political
actions to remove any hindrance or safeguard which heretofore inhibited
a sudden and massive implosion. Keeping in mind that this overwhelming
avalanche of dire events occurred over mere days, here is the list:
Russia announces anti-dollar war. Last week Russia announced it is now anti-dollar, Russia & socialist partner Germany discussed switching out of dollars and into Euros for financing and, more importantly, conduct their huge oil transactions in Euros, not dollars. No less than Duisenberg, head of the socialist European Central Bank (partner of the anti-American Federal Reserve) agreed, as did Communist Russia's partner, German Chancellor Gerhard Schroeder, in a recent meeting. 
Elitist Belkin: prepare for sickening plunge. As the elite analyst Belkin (newsletter costs $35,000 per year) stated over the last 2 weeks, (quotes are in Just The Facts), even private American banks are bailing out of US government debt, while Skull-n-Bones Trillionaire Bush explodes US debt into the outer reaches of never-never land, which means the US must find 300% more buyers to finance its failing socialist economy than just 2 years ago, (not including burgeoning state and local debt). This simply isn't possible. Belkin says "it's time to prepare for a sickening plunge into December and beyond." Bush is deliberately bankrupting the US for The Bank, while Americans wave their masonic little flags. We have a new champion in the long history of astonishingly dumb nations: the Americans under Bush and Clinton are clearly number one, replacing the Germans under Hitler (the Germans were never shown how a free-market economy works, and their history is one of dictatorial kings, and ice-cold and corrupt bishops. What are Americans' excuses?)
Bush/Asia coordinated a sharp dollar fall two weeks ago at an Asian bloc summit. It is at all-time lows against the Euro as I write, and falling. Last night the Japanese Nikkei stock market crashed over 5% in one session, on banking collapse fears, and the simultaneous dollar plunge.
ECB, bank ruling Europe: "bail out of USA." Two weeks ago the top NWO bank of Europe, the ECB, openly warned Europeans to get out of the U.S. dollar-based economy, including supposedly "safe haven" US gov treasury bonds. This was printed openly in European financial papers and television. It is important to realize that the ECB and the non-American Federal Reserve are two branches of the same cartel. They are not enemies, although the Fed and the ECB as a team are definitely enemies of the United States.
SEC to remove crash protection. After months of giving lip-service to addressing derivatives, short-selling, and hedge-fund risks, reversed itself and plans to ease the rule banning short-selling when stocks are falling. In other words, the SEC wants to suddenly remove all the stops which have prevented many sell-offs from became a multi-day panic.
This is a huge warning. Without these stops, and without derivatives regulation, the US markets could in theory plunge 95% in one day. They will be closed before it goes that far (which is worse than a crash), but I expect this scenario to now come to pass. No one is talking about what the unfathomable derivatives bubble will do on a volatile day. I tell you, it will mean the end of the modern United States. It will become a banana republic, the mockery of the world, just on this point. Yet everyone is silent! Am I the only human being amidst a world of robots? What is going on here?!! The SEC is pushing a panic, but the authorities are silent! Is every last member of Congress in on this plot against America?
GSE's wobbling, staff bailing out. After 5 years of steady, steller growth, the shady mortgage bubble machines - Freddie Mac, Fannie Mae, Federal Home Loan, i.e. the so-called Government Sponsored Enterprise (GSE) - started violently wobbling and now desperately need attention... yet suddenly a headline comes out this week saying, "Bush Admin Open To Ending GSE Govt Credit Line." Anyone who knows what a GSE is, how large these behemoths are, and how bloated and sick they are, knows this headline means Bush & The Bank are pushing the crash button! The GSEs are the world's biggest debtors, and Bush announces publicly he will now let them die. Wow. I wonder how many realize that Freddie & Fannie alone will collapse the US economy?
Insiders quit Wall Street. Suddenly, the value of a prestigious seat on the NYSE has plunged 27% in just the last 3-4 weeks.  Yet during this same time period, the markets were reaching new highs, investment banking was promising great earnings gains, investment on margin and day-trading were again exploding, and the media was expounding on the amazing rebound. A 27 percent plunge in mere days, in the face of a Wall Street boom... what does elite Wall Street know that you don't know?
Sir John Templeton (knighted for service to the globalists). In a rare interview last week, Sarasota investor Gary Moore met the legendary (and elderly) Sir John Templeton, in the Bahamas. Read this slowly: Sir Templeton "has never been more bearish" on the U.S. markets and economy. He is 92 years old. That means he is older than the Federal Reserve, i.e. he wasn't even this bearish during the Great Depression. He is an insider to The Plan, and has been knighted into the Illuminati for service to the dark forces of the throne of England. You need to listen to this man; he founded the legendary Templeton Fund, and is a spokesman for The Bank. He is warning investors to get out of U.S. stocks and real estate, and says to buy bonds, but not U.S. bonds. He "believes the dollar will lose 40 percent of its value against foreign currencies in the coming months" and "will cause the Chinese and Japanese, who own 36 percent of all U.S. foreign debt, to sell their bonds and mortgage obligations and take their money out of the country." Usury, Inc. warned 9 months ago that real estate was peaking (price rises slowing; repossessions soaring, and mortgage apps plunging), and that the stage was being set for a catastrophic real estate collapse... so bad that homes and commercial property couldn't be sold at ANY price. Several months later in July, Sir Templeton made a seemingly outrageous statement (which is posted in "Just The Facts" archives on this website) that real estate would plunge 90%.
Gold extremely volatile This week, gold suddenly surged $5 per day. On Monday, it started at $371 / oz. This afternoon it broke $392. This has not happened in recent history. Are insiders loading up because the "signal" has been given regarding the U.S.? If the U.S. economy is surging and 2 million jobs will be created within 12 months (as Illuminatus Treasurer Snow said yesterday), then why is gold suddenly surging faster than any time in recent memory, in concert with the above disturbing information? Could it be a catastrophic event is underway and you are intentionally left in the dark?
Adam Hamilton, CPA, publisher of the acclaimed Zeal Intelligence newsletter, says: "Extreme greed which spawns extremely low volatility was never sustainable in the past... The bottom line is that the [extremely low] S&P 500 volatility that we are witnessing these days [is] heralding a big move coming in the US stock markets. Contrary to all the widespread euphoria and predictions of a new secular bull market, the volatility is desperately trying to signal that this next major move will be down, quite probably hard."
Robert Prechter, the famous financial guru and author warns, "Understand that I am not nervously bearish or on the fence. I am all-out, no-holds-barred, shout-from-the-rooftops, yet-another-opportunity-of-a-lifetime bearish.
BEARS lay there waiting for SPRING. Bears stuff in times of plenty and fast in times of barren cold. DO NOT buy property now. DO not buy stock now. Wait for the crash. It started early MAY when interest rates were hiked 1 1/4 % a big leap, as I warned they would be, at this time, using the Mars/ Saturn conjunction in MOONCHILD, on BUSH and on USA chart. bursting the inflationary housing bubble! SELL HOUSE NOW. Buy in 9 mos.
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Holding you in your highest; honoring you where you are;
and inspiring you to go beyond!
In the Oneness of Awakening
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Other notes from linked sites:
Financial Markets Forecast and Analysis
The Dow Jones Industrial Average rose 221.71 points this week, in line with the direction of our expectations - but a larger, earlier move - as our Short-term TII came in last week at positive 22.00.
Let me just say from the outset that the Federal Reserve has confirmed our Stock Market Crash forecast by raising the Money Supply (M-3) by crisis proportions, up another 46.8 billion this past week. What awful calamity do they see? Something is up. This is unprecedented, unheard-of pre-catastrophe M-3 expansion. M-3 is up an amount that we've never seen before without a crisis - $155 billion over the past 4 weeks, a $2.0 trillion annualized pace, a 22.2 percent annualized rate of growth!!! There must be a crisis of historic proportions coming, and the Federal Reserve Bank of the United States is making sure that there is enough liquidity in place to protect our nation's fragile financial system. The amazing thing is, the Fed's actions mean they know what is about to happen. They are aware of a terrible, horrific imminent event. What could it be?
One can draw no other conclusion except that the Fed is acting irresponsibly in its managing the money supply, in fulfilling its duty to "maintain a stable currency." I reject the notion that the Fed is acting irresponsibly. No, something is up, bigger than we have ever seen in the history of the United States. Let me ramble. Perhaps they simply see the ominous technical landscape we have been warning about in recent issues, and are attempting to pull out all the stops to avert the predicted crash. The recent rally in just about everything is similar to 2003's market behavior when the Fed pumped massive amounts of liquidity into the system during the first half of the year. This time seems different. The amount of liquidity is too large. The Fed is deflating the value of the monetary base by a fifth! Why are they willing to do this? Wisdom says something bad is up - big time.
more from Sen Furguson:
A New American Century - Not!
It is becoming increasingly clear to many that the war in Iraq is about preserving a bankrupt American Century model of global dominance. It is also clear that Iraq is not the end. What is not yet clear and must be openly debated around the world, is how to replace the failed Petro-dollar order with a just new system for global economic prosperity and security.
Now, as Iraq threatens to explode in internal chaos, it is important to rethink the entire postwar monetary order anew. The present French-German-Russian alliance to create a counterweight to the United States requires not merely a French-led version of the Petro-dollar system, some Petro-euro system, that continues the bankrupt American Century, only with a French accent, and euros replacing dollars. That would only continue to destroy living standards across the world, adding to human waste and soaring unemployment in industrial as well as developing nations. We must entirely rethink what began briefly with some economists during the 1998 Asia crisis, the basis of a new monetary system which supports human development, and does not destroy it.
Former Four-Star General Speaks Out
(CBS) Retired General Anthony Zinni is one of the most respected and outspoken military leaders of the past two decades.
“Debt and Interest Rates - These are difficult financial times we live in! The short version is simply that interest rates need to go higher to arrest the dollar’s decline and slow inflation, but they can’t raise rates significantly because there are too many debts at all levels. It would be a crushing blow to an already fragile system that is purely based on debt creation.
By keeping the average American preoccupied with SUVs, DVDs,
homes, and rising stock portfolios, there almost assuredly will be no
protest from Americans when they gradually discover that the "old world
economy" is giving way to a global economy with a new set of rules.
This, I believe, accounts for the Fed's incessant efforts at keeping
the U.S. economy afloat for as long as possible. And so for now, the
Globalization has eliminated pricing power,
while aided and abetted by the Fed has spawned a huge Debtberg and
coupled with falling demand due to market saturation, threatens to make
"tax slaves" of all generations, including us 50-somethings, as
the post WWII baby boomers reach retirement. American employment is
being shipped to "least cost" third world countries and what we call
Jobjacking from developed nations is well underway. The End of
Oil, trumped up wars, and phony tax cuts - we're now in our second
Presidency where Truth doesn't matter. Whether Bill Clinton's
"blue dress" or George & Tony's WMD scandal, Ike's predicted
military-industrial complex is inches from success or alternatively,
destroying the Union and our cherished Freedoms. Time will tell
whether the economy will unravel slowly like Japan's, or experience
hyperinflation like Germany's 1920's Weimar Republic. Against
this background, Citizen, your not-so-simple challenge is to find a
job, live your life, and hold fast to your core values. This is
the Greater Depression. Or, put more directly, welcome to Urban Survival.