Britannia Radio

The Daily Reckoning Weekend Edition Saturday, May 7, 2011 Manhattan, New York -------------------------------------------------------- One week after Osama bin Laden was killed...feel safer yet? The monster of the east is gone, but the enemy within is alive and well, Plus, all this past week's reckonings, archived for your philosophical safekeeping... -------------------------------------------------------- Over 70 MILLION ounces of gold... ..Has been mined from this secret region. That makes it by far the largest gold rush on the planet in terms of actual gold produced. Now one penny mining stock is sitting on what could be the gold motherlode. Check out this FREE presentation here for the details... -------------------------------------------------------- Joel Bowman, briefly, from Manhattan, New York... Almost a week has passed since Osama bin Laden, America's biggest, baddest boogeyman, got his long-coming bullet. The Internet this week was awash with conjecture and conspiracy theory. Was he actually killed and, if so, when? What were the circumstances surrounding his death and burial? Is he alive? The list goes on. We've seen plenty of flag waving and fist pumping from the "Mission Accomplished" crowd. But what, really, has been achieved here? Do you feel safer this week than last, after being told that bin Laden is gone and the US government has the situation is under (increasing) control(s)? We offer this weekend a slightly different perspective from guest editor, Gary D. Barnett. You may not agree with many (or even any) of his views but, at this point in time, when so much hangs in the balance, it pays to keep an open and informed mind. Please enjoy... In Death Osama bin Laden Causes Another War Gary D. Barnett There has never been such an opportunity for the US government to stage a false flag event in order to start yet another war as there is today. The set up is obvious to libertarians and some sane others, but it eludes most all Americans who are busy dancing in the street after the so-called killing of Osama bin Laden. Consider the timing of this attack by US Navy SEALs, and then consider recent events. First, the economy is in shambles, unemployment is sky high, price inflation is excessive, and the US military has been bombing civilians in an attempt to assassinate Gaddafi, including murdering innocent little children. Our money is being destroyed before our eyes. The wars are not going well for the ruling elite, and Obama's ratings are horribly low at the beginning of his presidential crusade. One very important factor is that criticism of these wars has been growing at an accelerated pace. Hatred of the insidious TSA is also becoming much more evident. While civil liberty destruction is still rampant, it is being questioned more often, and with increased intensity. What better reason then for an event to solidify the masses, and put them on guard for the now coming "terrorist" attacks due to the death of bin Laden. This stone kills a lot of birds it seems, and in my opinion this is no coincidence. In a matter of a few hours, the serfs were in the streets carrying flags, and screaming "God bless the USA." All the media was abuzz with fervent displays of renewed patriotism. But what came next should have been expected. We were told that the scourge of the east was dead. One would think that the head of the monster had been forever severed, and that the war would end, but that would not be the case. The politicians and talking heads in the media immediately went on the offensive, and stated that we should be even more vigilant in the war on terror because there will be more attacks due to bin Laden's death. Hillary Clinton began her talk by praising the troops for their "courage and commitment." Yes, the troops had once again become our saviors, literally pulling us from the mouth of the beast. In her next statement she strongly exclaimed "we will continue taking the fight to al Qaeda and their Taliban allies." She next talked about even more massive interference and imperialistic goals. "All over the world we will press forward, bolstering our partnerships, strengthening our networks, investing in a positive vision of peace and progress, and relentlessly pursuing the murderers who target innocent people." (Emphasis added) Really! The US killing machine is going after all those who target innocent people, and all over the planet? That is hypocrisy beyond understanding. These events are shaping future foreign policy, and the window of opportunity in my opinion is short. All that is necessary is to rally the sheep around the flag, and that was accomplished by the charade in Pakistan. Police in some areas have already increased security measures, and intelligence gathering has intensified. In New York, more police have been sent to patrol subways, airports, and bridges. This is just the beginning. More fear has been instilled in the minds of Americans once again, and conditions are ripe for a false flag event staged by those who would gain power and money with more war. Certainly, Obama has an obvious incentive to be the protector of the country given his current presidential run. But many others stand to gain from such an event as well. All that is now necessary to prosecute the next war by the US Empire is an attack or threat of an attack. Whether manufactured by our own government or not, that event would serve as the lynchpin of yet more US aggression. Aggression not just against those in far away lands, but aggression here at home aimed at our liberty and our freedom. Nothing is what it seems, and the risk to us all is great. Much scrutiny should be evident concerning anything coming out of Washington D.C. or the mainstream media. Lies abound, but this set up is obvious, and is staring us square in the face. Believing otherwise is foolish as far as I'm concerned, and this is no time for gullibility or flag waving. What the triggering event will be is not easy to discern, but whatever it is will be obvious once it occurs. Any event that heightens the terror alert or brings calls for retaliation should be examined carefully. It could be a downed airliner, an attack on a US embassy, a bomb inside our borders, or any number of other things. Regardless of the type of aggression, take heed, and don't assume anything. The government lies continuously, and any attack is in this government's, its military, and its corporate partner's best interests. I understand that many are afraid, but we should not fear any foreign invader. We should only fear our own government because the threat will come from within. We are in a very precarious situation, but because this new threat is so conspicuous, we should be able to see it coming. We are moving inexorably toward the next false flag, but this time even more could be at stake. Nothing should be taken for granted, and none should be surprised by anything that happens. The monster of the east is gone, but the beast that is the US government is alive and well, and planning chaos. Our eyes should be open and our minds clear, for what is coming is vile. War is criminal and it is unholy, and our government is planning even more aggression. This bin Laden farce is evidence enough. Those who purposely cause and wage war, and do so to gain money and power, are savage, depraved, and evil. But those who applaud the murdering of others in the name of false defense are the enablers. Without the consent of the people, the government would be forced to stand down. It is time to stand up and stop this insanity! Naturally the common people don't want war... Voice or no voice, the people can always be brought to the bidding of the leaders... All you have to do is to tell them they are being attacked and denounce the pacifists for lack of patriotism. ~ Herman Goering Regards, Gary D. Barnett for The Daily Reckoning Joel's Note: Gary D. Barnett is president of Barnett Financial Services, Inc., in Lewistown, Montana. -------------------------------------------------------- KO's Cancer in 36 Hours! A little-known biotech company is making medical history...but with FDA fast trackreview status for their cancer treatment, this small company might not stay "little-known" for long... So you must move fast if you want to get in on the ground floor of what could be the biggest medical breakthrough in decades... Click here to learn more now. -------------------------------------------------------- ALSO THIS WEEK in The Daily Reckoning... The Sinking of QE2 By Chris Mayer Gaithersburg, Maryland There are many ways to show how the Fed is turning the market into its own personal yo-yo. The easiest way to see how the market spins up and down with a jerk of the Fed's massive balance sheet is to plot the two against each other. When the Fed expands its balance sheet (by buying stuff, thereby putting money out there), the market rises. When it contracts its balance sheet (by selling stuff, thereby taking in cash), the market sags. Here is a chart that shows the tight correlation since the March 2009 bottom: Compound Effort Over Time Bill Bonner Baltimore, Maryland Problem solving in the academic world typically involves a part of the brain – but only a part of the brain. It is the 'rational' part...the part that remembers facts, reads, writes, and connects the dots. That is the skill measured by the SAT tests, for example. They are tests of 'scholastic aptitude.' And they are pretty good at measuring what they are supposed to measure. If you able to do the kind of tricks the tests require, you'll be able to handle the kind of work they give you in school. Gold, Gresham's Law & the Dong By Ben Traynor London, England Governments are often tempted to live beyond their means. Today, that means national debts and quantitative easing. But a few hundred years ago, it meant debasing coinage. Silver and gold coins would be 'clipped' – with a tiny quantity of their metal shaved off the edge every time they passed through government hands – or they would be minted with a lower precious metal content than their face value stated. This would enable the monetary authorities to produce more coins for the same amount of bullion, increasing the government's spending power in the marketplace. The Rising Tide of Resource Nationalism By Chris Mayer Gaithersburg, Maryland You know the old film The Treasure of the Sierra Madre? Three men set off into the hinterlands of Mexico to strike gold. They find it, but then greed sets in and they start to mistrust each other. Things go badly from there. I am really simplifying a great movie, but I couldn't help but think of the film after reading the papers. The confluence of headlines and stories pointed to the dangers of setting off to find great deposits in relatively unexplored parts of the world. It is already inherently fraught with risk. And then there are many more stories of promising ventures that went nowhere than there are of successes. Hyperinflation and Double-Dip Recession Ahead An interview with John Williams, Founder of ShadowStats "S&P is noting the US government's long-range fiscal problems. Generally, you'll find that the accounting for unfunded liabilities for Social Security, Medicare and other programs on a net-present-value (NPV) basis indicates total federal debt and obligations of about $75 trillion. That's 5 times the gross domestic product (GDP). The debt and obligations are increasing at a pace of about $5 trillion a year, which is neither sustainable nor containable. If the US was a corporation on a parallel basis, it would be headed into bankruptcy rather quickly." -------------------------------------------------------- The Real Reason Behind the Middle East Chaos Oil. Wheat. Corn. Prices are through the roof. Fear. Panic. Riots. People are taking to the streets. Gains. Protection. Security. All could be yours if you watch this right now... -------------------------------------------------------- The Weekly Endnote: We received a ton of Osama-related emails from readers this week. Here are a few, in no particular order... Writes Reckoner Will P. ... "I agree with Casey that if Obama survived to talk, he would uncover a lot of crimes by American officials for whom he worked in the past, perhaps including Bush Sr. "As for the quick burial, having made fools of the birthers, he has now set the scene for the 'Osama lives' idiocy that is sure to grow on the far right. Once they have made big enough fools of themselves, and distracted us from the important issues, he will give in to the clamor for the pictures just in time for next year's press club dinner (and the 2012 election.)." From Reckoner Alice... "Thank you for your post on Osama's death. You have put into words what I vaguely thought about it. I also felt unease about the report, then when I heard they dumped his body into the sea, I was highly suspicious. It seemed like what the mob does when it makes a hit. Although knowing this administration comes from Chicago it does make sense. Keep up the good work of putting these goings on into words." And finally, from Reckoner Frances... "I believe this was handled brilliantly. Having him in custody would have created all 'Holy' hell for us. "The man was incidental to the movement at this time but he should have known that we would react against 9/11. He just miscalculated like so many before him." Well, that's it for this week. We're late for a New York wedding, so we'll leave it there. Let us know what you think about today's (or any of the past week's) musings at the address below and, as always... ..enjoy your weekend. Cheers, Joel Bowman Managing Editor The Daily Reckoning