Until a month ago, the official word from Dubai was that the emirate’s finances were in good order, but in late November world markets fell on news that the Dubai World conglomerate was unable to service $26bn in debts.

Now Abu Dhabi has given Dubai $10bn, some of which will enable Nakheel, the property arm of troubled Dubai World, to pay a $4.1bn Islamic bond that has matured.

Abu Dhabi’s rescue package has highlighted the differences between its cautious approach to investment and Dubai’s more brash approach. Tarek Bazley reports.

The quality of some of the videos is not that good. Two of the better ones are from international writers. By the way, if you have not yet seen any of these, you may be in for a shock. Let’s take a look.

Huge Tent City Forming Outside Sacramento
Economic Recovery, Economy-US, In the Loop, Mortgage & Credit Crisis, Politics-US, US news

9 March 2009 :: J.E. Robertson

An array of reports show some 1,200 people living in a growing tent city outside the California capital Sacramento, as more and more people are left homeless by the housing crisis. The UKs Daily Mail on Friday detailed the community, noting echoes of the Depression era. There are an estimated 2,000 people living in such communities around Sacramento, with foreclosure and jobless rates skyrocketing.

Smaller tent cities had been reported in Los Angeles and New Orleans over the last year, but a new photo essay, published by MSBNC, highlights both the magnitude of the Sacramento tent city and its comparison to Depression-era tent cities that emerged as homelessness became a pervasive national crisis.

The news is jolting to many who are worried that the spreading foreclosure crisis and collapse in real estate values, in combination with a faltering job market, could push families with underwater mortgages into homelessness. California is one of the wealthiest states and one of the worlds largest economies, and pressure for serious efforts to combat the economic crisis is mounting.

I was doing some economic research recently and came across a political cartoon, one that merged the swine flu scare with Obama’s spending. I wish I would have saved it because I couldn’t help but cackle loudly after reading it. The image was Obama in a hospital bed after contracting the flu, and there were two men standing at his bed. One man said to the other, “Keep him under, because every time he wakes up he spends a trillion dollars.”

I won’t deny that I was an avid supporter of Obama before the elections, but I was fooled along with the rest of the world. Few presidents actually fulfill their promises during election period, and many of them, once in office, work contrary to what they said they were going to do.

Sometimes this is intentional and other times it is basic stupidity. In Obama’s case, dealing with the current economic environment, I am going to put faith in the latter:

The Obama Administration is just being downright stupid in its efforts to resolve the economic slump we’re in. Obama’s deficit is constantly changing and constantly being rejected.

Why? His numbers aren’t in line and the deficit under his administration will reach an all time high of $17 trillion—that’s almost $11 trillion more than the Bush Administration’s! Perhaps I’m being premature in criticizing the current administration’s economic plan, but history and logic tell me their plans are no good, thus the promise to tackle the economic crisis is fueled by decisions that will either keep us on the same path or sink us further.

Quote:
Originally Posted by CNS News
By 2019…a whopping 82 percent of the nation’s gross domestic product (GDP) will go to pay down the national debt. This means that in future years, the government could owe its creditors more than the goods and services that the entire economy can produce.

Although the stock market has recently received good news and is starting to recover, GDP is still in the negatives. Although the GDP report isn’t actually verified for a year until seven years later, the numbers released tend to be fairly close to the mark.

The fourth quarter of 2008 saw -6 percent in growth. That means production was extremely low and what production existed earned no real money. In the first quarter of 2009 GDP shows -6 percent.

If we look at all of 2008, GDP was down -3 percent, which means 2009’s GDP will need to reach 6 percent in order for the nation’s economy to begin growing again.

The economy during the Bush Administration wasn’t contracting but there was very little growth—so little to be almost irrelevant. The average economic growth in the Bush Administration was 2 percent, a sluggish rate of growth. (This is what Britain saw after the Era of Public Reform starting around 1848, which allowed the U.S. to become the dominant economic power in the world.)

The Reagan Administration saw a 4 percent rate of growth, which is basically the status quo the U.S. maintained for so long before WWI.

Gross Domestic Product alone doesn’t account for the entire scope of the economy, however the figures are important as they display production and trade. During WWII production was up and unemployment down, however there was no actual growth in the economy.

Even though the GDP from 1940-1946 shows immense growth, we know that, although production was high, there was no growth because wages were low; rationing was in effect, limiting supplies; and a large majority of the labor population was forced to receive pay in war bonds, which devalued by 50 percent in 1949—basically meaning those workers didn’t get paid. We have to take GDP with the stock market and with the value of the U.S. Dollar (not to mention the ratio in wages VS. progressive taxation).

Inflation is a reality that will never vanish; but as long as wages are high and taxation is low, particularly when income per annum surpasses the rate of inflation, there will be economic prosperity and growth because money is being invested in the economy.

However, inflation climbs when the Federal Reserve prints too much currency—that is, when the Fed prints more money than the economy requires. Inflation devalues currency and people stop investing and move into commodities (part of the reason oil prices climbed recently).

Obama’s spending requires more dollars than is in current circulation, thus in turn requiring the Fed to print more dollars to meet the demand the government is creating. But this is not a demand that will stimulate the economy; it is a demand for increased spending that will keep the economy in a slump.

Stimulus packages are a joke, a fiction, because by nature they create more money to circulate through the economy, further devaluing the currency in question. A stimulus package that requires the printing of more dollars will in turn devalue the dollars, therefore not actually stimulating the economy but keep it stagnant.

If more money is printed then we will receive a return to the 1970s paradigm of stagflation—that is, inflation will continue to rise whilst the economy remains stagnant. To make matters worse, Obama aims to let Bush’s tax cuts expire, which will cause an increase in taxation by 2011.

This is a stupid move to say the least, and many an administration in the recent past made the same mistake followed by economic troughing. There is a key equation that equals economic prosperity, one that has been used successfully a number of times after WWI, and when administrations ignore it there is economic stagnation and even crises.

That equation is simple: tighten money (stop printing money), cut taxes, and raise interest rates. Tightening money will halt inflation; cutting taxes will increase revenues which will then be invested into markets; and raising interest rates will encourage people to keep their money in the bank and not withdraw to invest in commodities.

Obama’s deficits have been so extreme that the United States’ primary deficit investor, China, has refused to purchase our debt. China would invest in our debt and we repay them through trade. But, as mentioned above, Obama’s deficit plans are so outrageous that the U.S. would have to export to China for free for decades to repay the debt! And since China knows that isn’t going to happen, they refused to purchase our debt. What’s the solution according to the current administration? Let the Federal Reserve purchase the debt.

Are you kidding me!? That’s the first step in causing hyperinflation! And how are we to repay our own debt? Taxes will have to increase substantially and new tariffs raised, which will actually slow down trade.

U.S. debt should be purchased by a country with a stable currency—which is why it has been China for a while—because their industrial and economic growth over the last few decades is outstanding, thus stabilizing their currency, making it one of the most stable in the world. Pick up a newspaper and watch other currencies climb compared to the USD; this is an unofficial (and inaccurate) indicator of domestic inflation, but it gets in the ballpark.

Quote:
Originally Posted by Lawrence H. White, The Concise Encyclopedia of Economics

In the United States, the inflation rate is most commonly measured by the percentage rise in the Consumer Price Index, which is reported monthly by the Bureau of Labor Statistics (BLS).

A CPI of 120 in the current period means that it now takes $120 to purchase a representative basket of goods that $100 once purchased. Because the CPI basket is not identical with the specific basket of goods and services that you consume, the percentage rise in the CPI is, at best, only a rough approximation of the percentage rise in your cost of living. The same is true for any alternative measure of inflation, such as the gross domestic product deflator.

The GDP deflator is arguably more representative of the economy as a whole, but is less relevant to ordinary consumers because its basket includes the prices of nonconsumer goods (such as new business equipment) that consumers do not buy, and excludes the prices of the many foreign-produced goods that consumers do buy.

Quote:
Originally Posted by Lawrence H. White, The Concise Encyclopedia of Economics

In a nutshell, inflation occurs—that is, the purchasing power of the dollar shrinks—to the extent that the nominal supply of dollars grows faster than the real demand to hold dollars

In summation, Obama’s current and planned spending will do nothing positive to the current economic environment, and will possibly contribute to even more economic rough patches that could last years.

The current plan of attack, like many past ones, is a return to the failed Keynesian economic parody. John Maynard Keynes, an early 20th-century British economist, and father of Keynesian economic theory, denounced his theory almost immediately after proposing the elements of the theory in publishing his 1936 article The General Theory of Employment, Interest and Money.

Unfortunately, he died before publicly denouncing Keynesianism, which is why the U.S. government has seen a number of economic slumps since by employing the theory. Obama’s administration is returning to the failed Keynesian model, and that decision will keep the American economy in a slump.

Until the administration does a little historical legwork, and realizes Keynesianism is a crock, there is no hope for the future of the United States’ return to economic prosperity under the current regime.

A bad doctor, however, either cannot make a proper diagnosis (because he lacks expertise) or, worst still, he hides the truth afrom his patient…

When a dread disease patient is told what he is suffering from, before actually accepting the envitable he first goes through the stages of disbelief and denial.

There’s disbelief when we hear the patient say “this is not right: the doctor’s made a mistake!”. But when the dignosis of his illness is confirmed, then in dispair he goes info full denial saying “Impossible! This can’t be happening to me!!”.

A good doctor helps his patient weather this painful process, guiding him towards acceptance of his predicament. Only then can the healing begin. Something similar happens – albeit more abstractly -, when the People are hit by social turmoil as a consequence of severe crises arising from what Carl G. Jung called “epidemics of the mind and soul”.

Below, we address some key issues that we feel reflect the fact that a cycle is coming to an increasingly abrupt end in the whole world, even though the global media may be looking the other way (i.e., hiding the truth and generating smoke screens), most politicians hardly understand what is going on (on account of their ignorance), the bulk of the population in all countries see and feel this but cannot rationalize what’s happening (disbelief), and some intelectuals may actually understand what’s going on and where we’re being dragged, but find it too hard to accept (i.e., denial).

In our communiqué No. 52 of October 3, 2008 dealing with the Global Financial “crisis” that had then just broken out, we said that there was no such “crisis”. Rather, what began Monday, September 15, 2008 was the beginning of a terminal and irreversible collapse of the global financial system, which is part of a controlled Model through which other objetives will be achieved.

Those objective go far beyond merely financial goals: rather, they seek to advance towards the next geopolitical stage in the “New World Order” (NWO). And this is nothing more and nothing less than the enthronement of a WORLD GOVERNMENT. At that time, we also described the NWO Elite’s three basic “Plans”, i.e.,:

- Plan “A” seeks to resolve the on-going financial “crisis” through merely financial measures. It’s not working – Plan “B” will seek to resolve the “crisis” by a comprehensive overhaul of the global financial system, which among other factors will include introducing a New Dollar, backed by “foolproof” gold bullion.

This will allow the global elites to transfer the bulk of Wall Street and European bankers’ losses to other geographies (amongst them, China, which is one of the focus of present crisis, as well as Latin America), and

- Plan “C” that will seek to “kick the chessboard”, so to speak, triggering a planetary war.

We believe that these three “Plans” are presently in different stages of implementation: Plan “A” is almost dead. Plans “B” and “C” are about to be activated. Let’s see where we stand at present….

1) WORLD GOVERNMENT -
First, we must understand that ”New World Order (NWO)” is not an actual “stage” in the global political structure but, rather, it’s a generic term.

Thus, we had several “New World Orders” over the past century:

- in 1919, when World War I ended and the Council on Foreign Relations (New York) and Royal Institute of International Affairs (London) were created, as geopolitical controlling and planning organizations bent on promoting Anglo-American-Zionist interests throughout the world.

- in 1945, when the Post-World War II Bipolar World was designed: i.e., Bretton Woods, Yalta, the UN, the “cold war”.

- in 1991, after the USSR was thrown into the dust bin of History to make way for NWO “globalization”, as announced by George HW Bush, Sr. (on 11-Sept.-1991!), and

- in 2008, when now ambiguous and dying “globalization” begins phasing out, to be replaced by something far more ambitous: an authoritarian and mandatory World Government, as announced in the London “Financial Times” on December8, 2008 by Gideon Rachman.

Today we are undergoing the violent stage just prior to imposition of World Government.

Amongst its goals:

- Disolution and destruction of all National Sovereignties (the demise of the Nation-State promoted by the CFR, Trilateral and Bilderbergers)

- The Twilight of the United States of America as the “indispensable” superpower (ergo, Obama was allowed into the Oval Office)

- Drastic depopulation of the world (pendemic hysteria)

- Total electronic surveillance and control of surviving citizenry (Psywar drills that increasingly lower people’s resistance to inocculation), and

- Monolithic centralization and strict comprehensive control over politics, the economy, finance, the military, culture, the media, technology and even religious activities.

All of this CANNOT be achieved without war. Thus, Plan “C” has just been activated.

2) CONFRONTATION WITH RUSSIA AND CHINA -

Over the past months, China has been looking at the US and the Wall Street parasites with an increasingly fixed and unblinking gaze…
They want to know what is going to happen with the 1.7 Trillion Dollar-denominated Reserves that they are holding on to (some Washington observers call this “The Chinese Nuclear Bomb”).

The US is not answering because they simply don’t have any answer to give…

Were China to make a “strong move” (such as changing their US Dollar-denominated Reserves into Euros on very short notice), the effect would lead to the collapse the US Dollar (for this Contingency they have Plan “B” as described).

Actually, one of the main sources of financing of American public deficits is, in fact, China which until recently had been soaking up huge tranches of American Public Debt (today these needs are running as high as u$s 170 billion a week!!).

The recent mysterious fly-over of Air Force One, low over Manhattan in New York City, triggering panic and the evacuation of the World Financial Center and other Manhattan skyscrapers, seems to be linked to this: it appears that Obama and some from his team had decided to meet with Trustees and representatives from China and other foreign powers to try to reach some agreement/solution.

But Obama did not properly consult with “those upstairs who have the final say”, who then decided otherwise and ordered Air Force One to land in Washington DC, doing that with a more than threaterning demeanor.

Fearing the worst, the Air Force One pilot decided to protect his plane by having it “seen by millions” over the skies of New York City, in such a way that the two F16 fighter jets “escorting” him could do nothing ”strange” (see the incredible low fly-by videos on YouTube).

Later on, the missions of these foreign creditors of the US – Chinese included – were involved in a confussing shoot-out with FBI operatives that left several agents dead…

3) THE ISRAELI DETONATOR -

The State of Israel continues moving forward with its announced plans of unilateral attack on Iran. We have been informing about this for more than two years now.

This will be a premeditated, unjustified, unilateral attack perpetrated by the State of Israel, the only country in the Middle East that wields Weapons of Mass Destruction – 400 nuclear artefacts ceded by the US -, and shows an unequivocable willingness to use them. Naturally, their excuse is Iran’s nuclear program.

The London “Times” newspaper, in its April 18,2009 edition informs that the Israeli Air Force is fully ready to attack and are only waiting to receive the green light from the new ultra-right wing Israeli primer minister Benjamin Netanyahu, his even more ultra-right wing foreign minister Avigdor Lieberman, and the IDF high command (see article “Israel stands ready to bomb Iran’s nuclear sites”).

THAT will be the trigger for generalized war involving WMD’s – biological, chemical and nuclear. Israeli sources say that they will attack Iran with or without the Obama Administration’s green light, knowing full well that Zionist power in America is above any Administration, whether Democrat or Republican.

Netanyahu will meet with Obama on May 18th. Either way, once Israel attacks and Iran retailiates, the Obama Administration will be FORCED by Zionist power structures in control of the US, to fight for them (see “The Israel Lobby and US Foreign Policy”, Stephen Walt & John Mearsheimer). This was just been ratified by “The Daily Telegraph” of 7th May.

4) GEOPOLITICS FOR A WORLD GOVERNMENT -

This “Israeli Detonator” goes hand in hand with the repositioning of the US military along the lines suggested by Zbigniew Brzezinski’s geopolitical strategic thought, which calls for the US detaching from the Iraqui mess and focusing on Afghanistan, Pakistan, the Taliban and the Caspian Sea oil fields.

Afghanistan is in a horrific mess, with the Taliban having recovered the better part of that country. Today, they stand a mere 160 kms from Islamabad, in Pakistan, which too is in a horrific crisis. US bombs fall on Afghanistan and Pakistan daily without their puppet governments doing anything about it.

From their respective viewpoints and interests and with varying criteria and levels of alarm, Iran, Russia and China closely observe these threatening maneouvers (supplemented by NATO’s dangerous encircling strategy against Russia in Poland and other parts of Europe).

The three, however, recognize that they have the same adversaries: The US (for Russia and China), Israel and the US (for Iran). A truly explosive formula, but a necessrary risk for the NWO elite bent on enthroning World Government.

This ought to be a wake-up call for all countries around the world. Red lights should be blinking and alarm bells ringing in every nation, because World Government will not leave any country out; and any country not wanting to “voluntarily join” this World Government geared on US, UK and Israeli global interests, will be automatically branded a “Rogue State”, “antidemocratic”, “contrary to humanity”, “anti-Semitic”, and when that happens, we all know what comes next…

5) MORE AND MORE BANKRUPTCIES: UNEMPLOYMENT AND POVERTY FOR MILLIONS OF WORKERS -

US and European banks are bankrupt, many major industries are bankrupt (Chrysler being the latest to fall), global insurers and reinsurers are technically broke, whilst most all financial institutions are technically unsound, at best, and unviable at worst.

First World Governments must bail out company after company. Yet more proof that, when left to its own dynamics, Extreme Capitalism leads to a Soviet-like system in which the State takes over corporations (”too large to fail”, naturally) and runs the economy to protect the bankster Nomenklatura…

Time and again, we see the same cycle: first come decades of privatizing huge profits which flow straight into the pockets of bankers, “investors”, speculators and parasites of all sorts, types and shapes, and then when the whole System comes crashing down as happens now, the ensuing and predictable gigantic losses are socialized by way of government funded bail-outs with taypayer money, and irresponslble money printing to save those who should sit in jail. Everybody else is left high and dry, and on their own.

The US-Dollar has been technically hyperinflated, even though no one is saying “the king is nude!!”… Not yet, anyway…

We now learn that recession in the US, Europe and Asia is “much worse than thought and expected”, so say the experts…

Millions loose their jobs and livelihood, millions loose their homes and assets, millions loose their pensions and life’s savings, millions start taking to the streets: manifestations, “tea parties”… Social War… Reprisal and repression.

6) FRAUD AND MORE FRAUD -

“Wall Street Inversor” Bernard Madoff (ex-president of NASDAQ y director of Yeshiva Univerrsity in Tel Aviv) has become a symbol of the white collar Banker Mega-fraud which is an integral part of the Extreme Capitalist system (using the Ponzi Scheme Pyramid as its basic model), with his 70 billion dollars stolen from other ”investors” (ha!…they now seem to have fallen into a modern version of cannibalism, taking bites amongst themselves..!).

We should, however, be “kinder” to Bernie Madoff because he’s taking all the blame and getting all the bad “Ponzi Schemer” headlines, whilst the the truth is that the ENTIRE global financial system is one vast Ponzi pyramid.

This is how CitiCorp (William Rhodes, Robert Rubin), Bank of America, Goldman Sachs (Henry Paulson, Timothy Geithner), Morgan Stanley, AIG (Maurice Greenberg) and most all other global banks and insurers operate all the time.

To get a better idea of what’s really happening behind the scenes, take a look at Freddie Mac whose recently appointed 41 year old Chief Financial Officer David Kellermann ”commited suicide”.

Russian intelligence sources, however, point to a more credible cause of death linked to the fact that Kellermann appeared to have discovered that Freddie Mac had syphoned over 50 billion dollars to Zionist and Israeli interests and organizations, and he was about to become a whistleblower going public with that explosive information…

Bear in mind that when Freddie Mac collapsed late last year, one if its directors was Rahm Emanuel, today president Obama’s dual-citizenship (Israeli and US) chief-of-staff, also suspected of being an Israeli Military Intelligence operative.

7) H1N1 SWINE FLU “EPIDEMIC” -
This would seem to be yet another smoke screen imposed on the world media’s headlines, in order to keep the above dramatic events as much out of the front pages and newscasts, as possible.

So far, there are only around 2000 H1N1 cases globally; of the 160 Mexican deaths originally reported by FoxNews a couple of weeks ago, we are now down to around 30…

The same goes for the rest of the world. The media have gone into Hysteria Over-drive, generating what one major risk consultancy has labelled “pandemic hysteria”, to the great joy of major Pharmaceutical Labs who are having near record sales of “Tamiflu” and other Influenza medications.

The NWO people were also able to test and assess results of their PsyWar Operations, geared on controlling large masses of people by instilling fear, so they can be willingly inocculated.

Face masks, quarantines, mass vaccinations, cancelled flights, the whole circus of a global drill… as occured with the Bird Flu scare, back in 2004 and 2005 (whatever became of that??).

At some point, they will no doubt let loose some synthetic “selective” virus which will target increasingly focused social groups and types (was HIV a precursor?), because one of the key objetives of World Government is to trigger intensive depopulation of the world, as recommended by Henry Kissinger’s National Security Strategic Memoranum 200, back in 1974.

Finally, the seven issues we address above should not be seen as isolated and unconnected. Rather, they are inter-related and should be viewed holistically, as part of a much vaster strategy geared on imposing World Government, one way or another…

Addressing these and other factors jointly, and projecting their medium- and long-term effects will allow us to begin to understand what is really happening in the world; which is a very different story than what we hear on CNN, FoxNews, the BBC, The New York Times, Washington Post, Daily Telegraph, ABC, CBS or NBC…

In short, the key question we must ask should become increasingly obvious to us all, everywhere: How much time do we have left? How much time do we really have in the US, in Europe, in Argentina, in the whole world?

You be the judge… you make your own choice. You can either be a Homer Simpson-like couch potato, zapping on your TV remote control, or… we can all start getting a grip on this whole disaster – no matter where each of us is – and start doing something about it….

Whatever we do, we had better start doing it fast!

White House economic adviser Lawrence Summers forecast that the unemployment rate would rise above its 25-year high.

The Labor Department’s report on Friday signaled that the relentless pace of job losses was starting to level off slightly.

Estimates had projected the April job losses to rise to 590,000 against March which witnessed hemorrhages of 699,000 jobs.

Some economists say that the better-than-expected data hints that the recession is bottoming out and economic activities are expected to gradually recover toward the end of the year, Reuters reported.

“It’s a confirmation that we’re in the early stages of a turn,” the New York Times quoted Ethan Harris, co-head of United States economic research at Barclays Capital, as saying.

“We’ve just had a big dose of monetary and fiscal stimulus, and we’re getting further and further removed form the confidence shock of last fall. All these forces are sort of gathering right now,” Harris said.

Near six million jobs have been consigned to the scrapheap since the start of the recession in December 2007.

Press TV Reports

Results from a recent opinion poll show at least one third of Americans more or less blame the Jewish community for the current economic recession.

A survey by the Boston Review in its May/June issue indicates some 38 percent of the non-Jews in the United States blame the Jews in some way for the financial crisis, while an estimated 25 percent blame the Jews a moderate amount or more for.

The study was conducted by Neil Malhotra, Assistant Professor of Political Economy in the Graduate School of Business at Stanford University, and Dr. Yotam Margalit from the same university.

2,768 American adults participated in the survey.

The survey further suggested a considerable number of participants explicitly opposed to tax cuts for Wall Street giants as soon as they were introduced to be affiliated with Jewish financiers such as infamous fraud convict Bernard Madoff.

The Jewish respondents surprisingly displayed almost the same results when questioned on the same issue, staging more federal support for state governments and tax breaks for the middle class rather than big business.

The research also notes that 32 percent of the US Democrats attributed at least moderate blame to the Jews despite the fact that Jews are a central part of the Democratic Party’s electoral coalition.

The financial crisis in the US has swept off nearly six million jobs since the start of the recession in December 2007 with American taxpayers, the working class in particular, growing a grudge against bailed-out businesses.

Press TV Reports

Comments by the General Motors CEO suggest that the US auto giant may relocate its Detroit headquarters as bankruptcy draws near. “It’s more probable that we would need to accomplish our goals in a bankruptcy,” said the new GM chief executive Fritz Henderson on Monday.

“We don’t have any such plans, but if we did it would be motivated by business rationale, which would be cost-efficiency and speed.”

While not ruling out reports of GM intentions to move its headquarters from Detroit, Henderson confirmed that the company saw bankruptcy on the horizon. “There’s still a chance for it to be done outside a court proceeding.”

The company has been given until the end of the month by the Treasury Department to reach agreements with lenders, the United Auto Workers union and its dealership base to cut costs or file for bankruptcy.

On the eve of the 2009 Bilderberg Group conference, which is due to be held May 14-17 at the 5 star Nafsika Astir Palace Hotel in Vouliagmeni, Greece, investigative reporter Daniel Estulin has uncovered shocking details of what the elitists plan to do with the economy over the course of the next year.

The Bilderberg Group meeting is an annual confab of around 150 of the world’s most influential powerbrokers in government, industry, banking, media, academia and the military-industrial complex. The secretive group operates under “Chatham House rules,” meaning that no details of what is discussed can ever be leaked to the media, despite editors of the world’s biggest newspapers, the Washington Post, the New York Times and the Financial Times, being present at the meeting.

According to Estulin’s sources, which have been proven highly accurate in the past, Bilderberg is divided on whether to put into motion, “Either a prolonged, agonizing depression that dooms the world to decades of stagnation, decline and poverty … or an intense-but-shorter depression that paves the way for a new sustainable economic world order, with less sovereignty but more efficiency.”

The information takes on added weight when one considers the fact that Estulin’s previous economic forecasts, which were based on leaks from the same sources, have proven deadly accurate. Estulin correctly predicted the housing crash and the 2008 financial meltdown as a result of what his sources inside Bilderberg told him the elite were planning based on what was said at their 2006 meeting in Canada and the 2007 conference in Turkey.

Details of the economic agenda were contained in a pre-meeting booklet being handed out to Bilderberg members. On a more specific note, Estulin warns that Bilderberg are fostering a false picture of economic recovery, suckering investors into ploughing their money back into the stock market again only to later unleash another massive downturn which will create “massive losses and searing financial pain in the months ahead,” according to a Canada Free Press report.

According to Estulin, Bilderberg is assuming that U.S. unemployment figures will reach around 14% by the end of the year, almost doubling the current official figure of 8.1 per cent.

Estulin’s sources also tell him that Bilderberg will again attempt to push for the enactment of the Lisbon Treaty, a key centerpiece of the agenda to fully entrench a federal EU superstate, by forcing the Irish to vote again on the document in September/October despite having rejected it already, along with other European nations, in national referendums.

“One of their concerns is addressing and neutralizing the anti-Lisbon treaty movement called “Libertas” led by Declan Ganley. One of the Bilderberger planned moves is to use a whispering campaign in the US media suggested that Ganley is being funded by arms dealers in the US linked to the US military,” reports CFP.

Daniel Estulin, Jim Tucker, and other sources who have infiltrated Bilderberg meetings in the past have routinely provided information about the Bilderberg agenda that later plays out on the world stage, proving that the organization is not merely a “talking shop” as debunkers claim, but an integral planning forum for the new world order agenda.

Indeed, just last month Belgian viscount and current Bilderberg-chairman Étienne Davignon bragged that Bilderberg helped create the Euro by first introducing the policy agenda for a single currency in the early 1990’s. Bilderberg’s agenda for a European federal superstate and a single currency likely goes back even further. A BBC investigation uncovered documents from the early Bilderberg meetings which confirmed that the European Union was a brainchild of Bilderberg.

In spring 2002, when war hawks in the Bush administration were pushing for a summer invasion of Iraq, Bilderbergers expressed their desire for a delay and the attack was not launched until March the following year.

In 2006, Estulin predicted that the U.S. housing market would be allowed to soar before the bubble was cruelly popped, which is exactly what transpired.

In 2008, Estulin predicted that Bilderberg were creating the conditions for a financial calamity, which is exactly what began a few months later with the collapse of Lehman Brothers.

Bilderberg has routinely flexed its muscles in establishing its role as kingmaker. The organization routinely selects presidential candidates as well as running mates and prime ministers.

Bill Clinton and Tony Blair were both groomed by the secretive organization in the early 1990’s before rising to prominence.

Barack Obama’s running mate Joe Biden was selected by Bilderberg luminary James A. Johnson, and John Kerry’s 2004 running mate John Edwards was also anointed by the group after he gave a glowing speech at the conference in 2004. Bilderberg attendees even broke house rules to applaud Edwards at the end of a speech he gave to the elitists about American politics. The choice of Edwards was shocking to media pundits who had fully expected Dick Gephardt to secure the position. The New York Post even reported that Gephardt had been chosen and “Kerry-Gephardt” stickers were being placed on campaign vehicles before being removed when Edwards was announced as Kerry’s number two.

A 2008 Portuguese newspaper report highlighted the fact that Pedro Santana Lopes and Jose Socrates attended the 2004 meeting in Stresa, Italy before both going on to become Prime Minster of Portugal.

Several key geopolitical decisions were made at last year’s Bilderberg meeting in Washington DC, again emphasizing the fact that the confab is far more than an informal get-together.

As we reported at the time, Bilderberg were concerned that the price of oil was accelerating too fast after it hit $150 a barrel and wanted to ensure that “oil prices would probably begin to decline”. This is exactly what happened in the latter half of 2008 as oil again sunk below $50 a barrel. We were initially able to predict the rapid rise in oil prices in 2005 when oil was at $40, because Bilderberg had called for prices to rise during that year’s meeting in Munich. During the conference in Germany, Henry Kissinger told his fellow attendees that the elite had resolved to ensure that oil prices would double over the course of the next 12-24 months, which is exactly what happened.

Also at last year’s meeting, former U.S. Secretary of State Condoleezza Rice formalized plans to sign a treaty on installing a U.S. radar base in the Czech Republic with Czech Foreign Minister Karel Schwarzenberg.

Rice was joined at the meeting by Defense Secretary Robert Gates, who reportedly encouraged EU globalists to get behind an attack on Iran. Low and behold, days later the EU threatened Iran with sanctions if it did not suspend its nuclear enrichment program.

There was also widespread speculation that Hillary Clinton and Barack Obama’s “secret meeting,” which was accomplished with the aid of cloak and dagger tactics like locking journalists on an airplane to keep them from tracking the two down, took place at the Bilderberg meeting in DC.

It remains to be seen what kind of mainstream media press coverage Bilderberg 2009 will be afforded because, despite the proven track record of Bilderberg having a central role in influencing subsequent geopolitical and financial world events, and despite last year’s meeting being held in Washington DC, the U.S. corporate media oversaw an almost universal blackout of reporting on the conference, its attendees, and what was discussed.

Once again, it will be left to the alternative media to fill the vacuum and educate the people on exactly what the globalists have planned for us over the coming year.