Dear Jim,
Although this article has been written a few weeks ago, I think it is important to share it with you and the other CIGAs.
Robert Kiyosaki, author of "Rich Dad Poor Dad", believes that the most important asset is our brain and urges everyone to get a financial education to help them do their homework instead of blindly following so called financial experts. He gives some interesting insight on how we got into this mess and how people must act to protect themselves.
Like you, he thinks the world power is pyramidal and this crisis is the result of a "wider struggle for power and domination".
He obviously favors Gold as protection.
While he was in South Africa, he interviewed 3 couples from Zimbabwe about:
1. How fast did the economy turn?
2. When did you know that you were in financial trouble?
3. When did you finally decide to leave Zimbabwe?
4. If you could do things differently, what would you have done?
It´s very interesting to see how different the reaction of each couple were and how they were almost all taken by surprise, except for one.
Regards,
CIGA Christopher
How the Financial Crisis Was Built Into the System
by Robert Kiyosaki
Posted on Monday, November 24, 2008, 12:00AM
How did we get into the current financial mess? Great question.
Turmoil in the Making
In 1910, seven men held a secret meeting on Jekyll Island off the coast of Georgia. It’s estimated that those seven men represented one-sixth of the world’s wealth. Six were Americans representing J.P. Morgan, John D. Rockefeller, and the U.S. government. One was a European representing the Rothschilds and Warburgs.
In 1913, the U.S. Federal Reserve Bank was created as a direct result of that secret meeting. Interestingly, the U.S. Federal Reserve Bank isn’t federal, there are no reserves, and it’s not a bank. Those seven men, some American and some European, created this new entity, commonly referred to as the Fed, to take control of the banking system and the money supply of the United States.
In 1944, a meeting in Bretton Woods, N.H., led to the creation of the International Monetary Fund and the World Bank. While the stated purposes for the two new organizations initially sounded admirable, the IMF and the World Bank were created to do to the world what the Federal Reserve Bank does to the United States.
In 1971, President Richard Nixon signed an executive order declaring that the United States no longer had to redeem its paper dollars for gold. With that, the first phase of the takeover of the world banking system and money supply was complete.
In 2008, the world is in economic turmoil. The rich are getting richer, but most people are becoming poorer. Much of this turmoil is directly related to those meetings that took place decades ago. In other words, much of this turmoil is by design.
Power and Domination
Some people say these events are part of a grand conspiracy, and that might well be. Some people say they represent the struggle between capitalists, communists and socialists, and that might be, too.
I personally don’t participate in the debate over a possible global conspiracy; it’s a waste of time. To me, the wider struggle is for power and domination. And while this struggle has done a lot of good — and a lot of bad — I just want to know how to avoid becoming its victim. I see no reason to be a mouse trying to stop a herd of elephants from fighting.
Currently, many people are suffering due to high oil price, the slowdown in the economy, loss of jobs, declines in home values, increased bankruptcies and businesses closings, savings being wiped out, the plummeting stock market, and rising inflation. These realities are all direct results of this financial power struggle, and millions of people are its victims today.
Dear Little Tatanka,
Glad you are back and hope you are feeling better. That is a long flight(s)!
This makes no sense. Germany last year was still a net exporter of goods. The Bundesbank is the heart of the Euro and with Germany being the European powerhouse, one wonders, if they can’t finance operations it is only a matter of time before ALL bonds are rejected en masse.
The ECB even has a higher interest rate than the Fed, so it seems to me very soon the USA will hit a brick wall at 1000 mph! (as you have said, in the second half of 2009). As you have said, to trade your insurance is insanity!)
Best,
CIGA BT
German bond sale’s fate signals trouble ahead
By David Oakley in London
Published: January 7 2009 13:30 | Last updated: January 7 2009 20:45
A German sovereign bond auction failed on Wednesday as investors shunned one of the most liquid and safe assets in the world in a warning for governments seeking to raise record amounts of debt to stimulate slowing economies.
The fate of the first eurozone bond auction of 2009 signals trouble ahead as governments around the world hope to issue an estimated $3,000bn in debt this year, three times more than in 2008.
The 10-year bonds failed to attract enough bids to reach the €6bn the German government wanted. Bids of €5.24bn, a cover of only 87 per cent, amounted to the second worst auction on record in terms of demand.
Such developments were rare before the credit crisis. Before the seven German bond auctions that failed last year, the last German bond auction to fail was in July 2000 after the dotcom crash.
Dear Big Tatanka,
The Weimar Experience is a failure of a singular currency. A planetary Weimar experience is a failure of all currencies in terms of gold. Gold is the certain winner. All else will be relative to each other. I will write more on what this means to currencies as soon as I complete an intensive review of every major nation’s new addiction to bailouts in terms of GDP on a percentage momentum basis.
Respectfully yours,
Jim
