TRAIN WRECK OF THE WEEK

[Guest guest]

Train Wreck of the Week - December 18, 2005

http://www.theinternationalforecaster.com/trainwreck.php?Id=104

Neocon perspecives on the constitution... Whirlpool goes down the drain...

Hillary going to the right... shocking savings stats... why gold?... and more!

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George and the neocons believe our Constitution is little more than a piece of

toilet paper, as they plunge toward total fascist government in America. Our

Attorney General, Alberto Gonzales, has said the Constitution is an outdated

document. Once this cabal gets their extensions on the Patriot Acts, we’ll be

presented with Patriot Act III to further suppress our freedoms. Our

Constitution is a living document that our president swears to uphold and defend

– you wouldn’t think so. The Constitution and the Bill of Rights protect us from

our President and Congress. We do not need Patriot Acts to protect us from

anything, much less phony terrorism. George and the neocons are undermining our

freedom and they must be stopped.

Most Americans carry cell phones, but most are unaware that government

agencies can track their movements through signals emanating from the handset.

In the last four months, three federal judges have denied prosecutors the right

to get cellphone tracking information from wireless companies without first

showing probable cause to believe that a crime has been committed. This is the

same standard applied to requests for search warrants. Companies that

manufacture these devices are marketing services that turn phones into even more

precise global positioning devices for driving or allowing parents to track the

where abouts of their children through the handsets. Permitting surreptitious

conversion of a cellphone into a tracking device without probable cause is in

violation of the Fourth Amendment, especially when a phone is monitored in the

home or other place where privacy is expected. Prosecutors have unsuccessfully

argued that expanded police powers under the USA Patriot Act allow

them a standard lower than probable cause. The pursuance of the ability of

government to track people by cellphone and to intercept conversations on the

cellphone is in violation of our rights, but government will continue to seek

the power to execute these actions whether we like it or not. They do not

represent us – they represent their own interests.

Hillary Clinton is moving to the right – for political purposes of course. She

signed on as a co-sponsor of the Flag Protection Act, which makes it illegal to

desecrate the American Flag. This way she can have it both ways. She gets to be

pro-flag and anti-constitutional ban at the same time. Moderate Democrats can

embrace this as a lesser of two evils.

Our citizens have a savings rate of minus 1.5%. Less than 20% of US workers

have a pension plan and Social Security replaces less than 40% of pre-retirement

income. Savings are more important than ever for Americans, yet their savings

are at record lows. Thirty-seven percent of households do not own a retirement

savings account of any kind. For those who had accounts the median value was

$27,000. For workers between 55-64, it was $55,000 in 2001. Only 11% have

savings in excess of $250,000. Perhaps now that property prices are falling,

Americans will start saving or at least get out of their credit card debt.

Last quarter household, government and non-financial corporate debt expanded

9.1%, up from 8.1% in the second quarter, and at a y-t-d rate of 8.3%. The last

time debt accumulation was this high was in 1986, at 11.9%. 2005 debt growth is

running ahead of 2004’s 8.7%, which was the strongest percentage debt expansion

since 1988. Household mortgage debt grew 14% in the quarter, the highest

expansion since 1988. Government debt overall increased 12.6%, the highest since

1985. Federal government borrowings expanded 5.1%. This is a credit bubble. Net

annual credit growth from 2002’s third quarter to 2005’s was almost double, up

86%.

Gold is the antithesis of Wall Street, banking and government, and that is why

they so desperately worked to suppress gold’s price. The protracted program to

sell gold and to have producers such as Barrick hedge to sell future production

earlier began in earnest in 1993. They were somewhat successful for 12 years.

Its effect was enhanced in recent years by leasing gold. This gold, although

sold into the market to suppress prices, still was held on the banks’ books as

still being in the vaults, when in fact, it wasn’t. Now some of these central

bank lenders want their gold back and that is part of the reason gold is on its

present tare. Bankers and Wall Street know gold is an early warning system of

trouble ahead, so they attempted to suppress the price to lull the unwary into a

false sense of comfort and security. In reality it was a lie, by a bunch of

crooks that lie about most everything. Millions of citizens have been cheated

because of their duplicity. Now most all of their

gold has been leased or sold and their disabling of our early warning system is

close to an end.

We have been denigrated for 46 years for having advocated the truth and sound

money. Yes, there is a conspiracy and there are elitists who attempt to run our

world and these are the same people who have deliberately put us into the fix we

are in today. It didn’t happen by coincidence, because coincidence doesn’t

exist. We are going to now reap the financial whirlwind, so you had better have

gold and silver assets or your financial future will not exist.

Whirlpool is laying off 730 workers and shipping their jobs to Mexico, where

workers make $2.00 an hour.

The rising cost of home building materials is putting pressure on builders to

choose between earnings, lower profits and charging less for new homes. Unless

forced to we don’t see builders cutting prices, which means less home will be

sold. You can soon expect a drop in interest only and adjustable rate mortgages.

Nationwide they have been running at about 33% of the mortgage market. That is

about to change very soon. As interest rates rise 30-year fixed rate mortgages

will get more and more of the originations. Homeowners who took out ARMS in the

last few years are just now seeing their payments start to rise, as interest

rates go up and their loans fixed-rate period end. Many refinanced at 3.9%, now

the offering is 6.9% just two years later. As refinancing comes due many will

slide eventually into bankruptcy.

 

 

WOULD SOMEONE PLEASE BLOW HIM ALREADY SO WE CAN START IMPEACHMENT!

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RandiRhodesArchives.com HowardStern.com " I'm not affraid of crime on the

streets. I know how to pull a trigger " - Anton LaVey. " Everyone is entitled to

his own opinion, but not his own facts. " -- Daniel Patrick Moynihan. For those

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