THE INTERNATIONAL FORECASTER

SATURDAY, FEBRUARY 26, 2011

02/26/11 (8) IF
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US MARKETS

The world is awash in dollars and that is being reflected in the USDX, which are
six major currencies versus the dollar. The loss of value is being loudly trumpeted as the
IMF says a replacement must be found. This is the same IMF that has been foisting non-
gold backed SDRs on us since 1969. Every time they have tried this it has been a
failure. We can give the Illuminists an ‘A’ for effort, but what they do not get is that the

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professionals and investors see right through it. Another batch of fiat currency is not
going to solve the world’s currency crisis, which can only be saved by gold backing.
Needless to say, the mainstream media will never talk about this in realistic terms,
because the elitists control them. The denigration of currencies versus gold and silver
are advancing apace, as the elitists day after day try to suppress gold and silver prices.
The major media is as complacent as ever because they are totally controlled. It
is not ignorance or incompetence. It is control. The media tells us the stock market is
headed higher, but fails to tell us why. The reason is manipulation by the US
government, and those who control it, and funds swamping the market via QE2. This is
an economy where few jobs are being created, unemployment remains steady and we
are told that a rising stock market means recovery, which is far from the truth.
Propaganda flourishes as well as physiological warfare. There is no truth for the
American people and the people of the world, it is all controlled and capsulated for
consumption and control. There is no real recovery; it is all smoke and mirrors to mislead
the public. Government and the media declare there is no inflation, but yet it abounds.
This is the same media that has ignored the climb in gold and silver prices for 11 years.
They have few explanations as to why gold and silver prices are rising. It is because the
value of fiat currencies are falling versus gold and silver, but that is not the explanation
we hear. We are told a number of absurd falsities.
Gold and silver are just now beginning to break out of government instigated
doldrums, which has been government induced by those who own the Fed. None of the
old tricks and nostrums is working anymore, so new tactics are being taken. You have
seen ongoing attacks on gold and silver that has been going on since 1988, and in the
last 15 years they have been relentless. As of late the theme is destroy the gold and
silver shares to make people believe that there is little value there, to shake novices out
of their positions. The psywarfare plan is to force down gold and silver share prices and
gold in order to destroy silver prices so that JPM and HSBC can cover their shorts. It
hasn’t worked and won’t work. Needless to say, we get the usual from CNBC, CNN,
MSNBC and Fox. Is it a bubble or a craze? Again, what else would you expect from a
media which is usually wrong.
The debt and inflation will become more terse as we struggle forward.
Government knows it has to cut Social Security, Medicaid and Medicare, screwing the
participants and better enabling government to control and reduce these benefits.
Allowing government to renege over and over again does not instill confidence in its
citizens. There are mammoth cuts coming, but the military industrial complex will
experience few. This is how the elitists keep their empire by threat of force. Just look
around you and look at the Patriot Act and Homeland Security or the new Gestapo the
FBI. Yes readers, you already live in a police state.
As Americans overlook these developments and the fact that anyone who
criticizes government is a terrorist, price inflation is destroying their purchasing power
and it’s being done deliberately, as a result of saving a broken banking system that only
catered to the wealthy and connected. Loans are available, but generally only to AAA
corporations and fellow elitists, as interest rates begin their devastating rise into the
future. That needless to say will be accompanied by a falling dollar and higher gold and
silver prices. Many other countries have duplicated these events, so not only will the US
dollar fall in value, but also so will the currencies of most every other country versus one
another and particularly versus gold and silver. In case you missed it, or forgot, versus
nine major currencies over the past 10 years on average gold has appreciated 15-1/4%
annually and silver 20-3/8% annually, thus, these facts are nothing new. They have just
been hidden from you. As a result of the loss in purchasing power and ever building debt
we have seen demonstrations and riots throughout Europe for the past two years. That

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has been followed for the same reasons, plus price inflation, in the Middle East with the
overthrow of the governments of Tunisia and Egypt. Several more monarchies and
dictatorships are on the verge of falling as well. In the US the attempt to radically change
retirement benefits and unions has led to demonstrations in Wisconsin, Indiana and
Ohio. We believe in time as unemployment rises with prices and there is no economic
recovery that demonstrations will increase and they could, as they have elsewhere, turn
violent. If police in the US fire on civilians or beat them into submission there will be
retaliation and law enforcement will get decimated.
There is absolutely no way the dollar and other currencies can be saved. That is
why the prices of gold and silver move relentlessly upward. There already is waning
confidence in the dollar and many other currencies, and that is why the USDX, the dollar
index, as a yardstick, is inferior to measuring all currencies versus gold and silver. You
may not realize it now, but you are living through the collapse of fiat money systems.
The future of monetary and fiscal matters will take many twists and turns, some good,
some bad. It is far too early to make solid predictions on what routes will be taken. At
this juncture it is easy to see where we are headed, but the future is more difficult. It
could be inflation, hyperinflation, deflationary depression and another contrived war to
distract people from the more important issues of the economy, finance and economic
survival. In the meantime in reaction to such events gold could go to $5,000 or $10,000
and silver $100 to $500, as the flight to quality becomes a stampede.
Our studies and intelligence tells us that the elitists running the show deliberately
planned a collapse so they can form a world government. For them everything is on the
line. If they lose they’ll lose everything. If we lose the same could be true. We are not
going to lose, because to many people worldwide already know what they are up too
and that what we are experiencing was planned that way. Why do you think QE1
financial sectors were saved in the US and Europe and in QE2 the US government was
bailed out. It is very obvious to thinking people as to what is taking place. The edifice
that underlies elitist power has been bolstered as the US and European economics are
being allowed to fail. Tough decisions will have to be made to save the dollar and the
economy and that is not going to happen because those running the show behind the
scenes do not want that to happen. The route being presently taken is that of the Fed
funding all Treasury and Agency needs including deficit spending. In such a scenario
gold and silver prices have no limits to the upside. It could also be that the majority of
your gold and silver holdings may never be sold due to the ongoing turmoil the world
may be buried in.
The stock market in Dow terms is about 12,400 due to trillions of dollars being
poured into the economy via the Fed and QE1 and QE2 and via the manipulation of “The
President’s Working Group on Financial Markets.” The insiders know what is going on
but investors and the public do not have a clue. How is it that denizens of Wall Street get
richer and the poor get poorer? It is because Wall Street and banking control the
government. The question arises is the market overpriced? Of course it is, but hundreds
of billions of dollars are available to Wall Street and banks to speculate in their rigged
game. Can you imagine that it is possible for several banks and brokerage houses every
day for months to have no losing trading days? Of course that is not normally possible.
That can only happen when they create the inside information. They are slaughtering the
average investor. Will the market collapse again? Of course it will, but the timing is very
difficult. Perhaps if there is an announcement that QE2 is over and there will be no QE3,
maybe major unrest in the Middle East will cause a correction, or perhaps a realization
that there will be no further recovery, or perhaps we’ll see demonstrations in the US
similar to those in the Middle East? After adding tax-pork legislation of $862 billion last
year the administration is asking for $200 billion more. What the Fed has done with zero

3
interest rates and quantitative easing at least temporarily is put a floor under the market.
Eventually that floor will crumble as real interest rates climb further and perhaps QE
comes to an end. Needless to say, were that to happen there would be total collapse.
The US and for that matter, European economies cannot survive without major stimulus.
In Europe the financially healthy nations are supplying $1 trillion to six poorer nations
knowing full well $3 to $5 trillion is needed. German Chancellor Ms. Merkel says
Germany will hold the euro together. Last week in elections in the Hamburg region the
voters sent her a warning by crushing CDU candidates. If the CDU wants to be thrown
out of office they will continue to advocate more support for sick members of the euro
zone. We think the support by Germany is at an end and that means it is only a matter of
time before the euro is history. In this regard the G-20 meeting went nowhere, as sick
nations demanded that the solvent nations stop exporting so much. One asks where
does it end.
Eventually the Dow will fall. When that will begin we do not know, but if it follows
history it should fall to 6,650 and then to? Dow 3,200. It could fall lower, but 3,200 is the
goal. The damage wreaked on the economy by deficit spending and QE will take years
to correct. The longer the upside continues on the Dow the higher gold is going to go
because in terms of gold the US dollar and other currencies will continue to fall. That is
why the US Treasury and the Fed and other central bans want so desperately to stop
gold and silver from going higher, which gets more difficult with each and every day.
That brings us to the performance of gold and silver shares, which have been
under attack by government consistently for the past 15 years. You have major shares
prices reflecting in many instances reserves at $300 an ounce or at 25% of gold market
prices. Many of these operating companies are reporting profit increases of 20% to 40%.
We have been involved in mining shares for 51 years and those who try to put a P/E
ratio on producing mines are pursuing a futile quest. The reason is the enormous
leverage in these shares that you are now seeing. In 1980 producers saw P/E’s of 350
times earnings. Gold is the perfect hedge against the collapse in value of other assets,
currencies and inflation. For 6,000 years it has had no peers. Silver runs a close second
as a store of value. Gold and silver are a reflection of the real value of currencies and
are the most stable assets in the world. The proof of the dominance of gold and silver
over the past ten years has been performance. Versus nine major currencies the
average currency has lost 15-1/4% annually versus gold and 20-3/8% versus silver.
There have been no assets that can come close to matching that consistent return and
the trend is still upward. We wonder why CNBC, CNN and Bloomberg don’t site these
statistics on their programs? You all know why, it is because the elitists behind the
scenes own the media. So as a result you get totally managed and slanted news. There
is never dissension and truth.
We have talked about an eventual market correction. We have just seen over the
past six months the breaking of the bond market bubble and real estate continues its
downward slide. That leaves gold, silver and commodities as the select investments.
In recent years real estate has proven to be a poor hedge versus inflation, as it
still resumes its downward journey. It has become illiquid at market prices and can only
be liquidated at severely reduced prices. Over the next few years massive inventory
overhang will take prices lower and then there will be years of stagnation. That doesn’t
sound like a very good investment to us.
We just saw the 10-year note fall from a yield of 2.20% to its current yield of
2.60%. We believe rates over the next two years could reach 5% to 5-1/2%. If we are
correct that means 30-year fixed rate mortgagees could move to 6-1/2% to 7%. It also
translates into large bond losses.

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 The biggest question is will there be a QE3 and hyperinflation? We do not know
for sure, but all the signs point in that direction. That means as inflation rises so do gold
and silver related assets. Will we then see a flight to quality to gold and silver? Yes, we
will. They will be the only game in town. We have been in an inflationary depression for
two years. Next is higher inflation, probably hyperinflation and then deflationary
depression. In all these environments gold and silver related assets will be the only
place to be. These are the truthful facts of life today and a clear snapshot of where we
are headed.
Get your house in order, because if you do not you won’t like the consequences.

Wal-Mart sales tanked, again. Sales at stores open at least one year declined
2.8% y/y; total sales declined 0.5% to $71.0B. The company is experiencing its worst
ever stretch of sales seven consecutive quarters of decline. If not for inflation in the
necessities of life, sales would be worse.
Wal-Mart saw weakness across much of its U.S. business, including electronics,
consumables and clothing. The company did manage to post gain in its food business
and health and wellness products.
The use of government assistance programs to pay for goods continues to rise,
said Bill Simon, president and CEO of the Walmart U.S. business.
Simon said Wal-Mart would only pass along price increases when they cannot be
avoided. It is working with suppliers to reduce inflationary pressure, where possible, on
everything from food to clothing.
Housing prices tanked to new lows. The FHA’s December report shows its inventory of
REO increased to over 60k, +9.5% m/m and + 47.5% y/y. Soon, Fannie and Freddie will
report its REO inventory, which added to FHA’s haul should be well in excess of
300,000. And people think housing stocks are buys?!?!

In 1936 the Fed was able to monetize debt, as they are currently doing, until
the bond market had a mini- collapse in September. Inflation soared into 1937.
At first stocks loved the inflation but eventually inflation squeezes margins and
consumers, so solons must react. Stocks tanked 49% from March 1937 to April 1938.
The DJIA declined 40% in only ten weeks into November 1937. Commodities tanked
with stocks.
Bloody Ben and US solons are replaying New Deal strategies; and businesses
are doing exactly what they did back in the middle thirties hoard cash, modernize with
new equipment, which reduces employment, because they don’t see the need to greatly
expand their businesses.
Liberals and Keynesians blame the push to tame out-of-control government spending
and higher bank reserve requirements for the 1937-1938 collapse. But they never
mention the underlying forces - soaring CPI coupled with stagnant job growth and
Hitler’s annexation of Austria (international turmoil).

Yesterday, KC Fed President Thomas Hoenig asserted that an “extended

period” of low interest rates “invites speculation” and the US has “deeply” undermined
free-market capitalism.
This is a direct condemnation of Bloody Ben, B-Dud and other QE advocates.
Hoenig also stated that the biggest banks should be broken up and the ‘too-big-to-fail’
problem must be fixed “now” because “I am convinced that the existence of too-big-to-
fail financial institutions poses the greatest risk to the U.S. economy. In my view, it is
even worse than before the crisis”. Hoenig favors privatizing FNM and FRE.

5
 Hoenig asserted that big financial firms must not hold the economy “hostage”.
We stated a long time ago that large banks and funds have been financial terrorists,
declaring that they would blow up the financial system and economy if not granted
unprecedented government support on the backs of taxpayers…We opined months ago
that Hoenig is maneuvering to replace Bloody Ben.

In accounts of the political unrest sweeping through the Middle East, one
factor, inflation, deserves more attention. Nothing can be more demoralizing to people at
the low end of the income scale where great masses in that region reside than increases
in the cost of basic necessities like food and fuel. It brings them out into the streets to
protest government policies, especially in places where mass protests are the only
means available to shake the existing power structure. China and India blame the U.S.
Federal Reserve for their difficulties in maintaining stable prices.
About the only one failing to acknowledge a problem seems to be the man most
responsible, Federal
Reserve Chairman Ben Bernanke.
Mr. Bernanke has made it clear that his policy is to inflate the money supply. The Fed is
financing a vast and rising federal deficit, following a practice that has been a surefire
prescription for domestic inflation from time immemorial. Meanwhile, its policies are
stoking a rise in prices that is contributing to political unrest that in some cases might be
beneficial but in others might turn out as badly as the overthrow of the shah in 1979.
Does any of this suggest that there might be some urgency to bringing the Fed under
closer scrutiny?

Lloyd Blankfein, Goldman Sachs Group Inc.’s chairman and chief executive
officer, warned against raising base salaries on Wall Street less than eight months
before his own more than tripled to $2 million.
Goldman Sachs prefers paying compensation in bonuses that are contingent on the
firm’s performance, rather than offering guarantees or high salaries, Blankfein said in a
June 16 interview with staff of the Financial Crisis Inquiry Commission, a recording of
which was made public this month. On Jan. 28, the New York-based firm disclosed it
had raised salaries for Blankfein and four other top executives that had been $600,000.
“Salary is another form of guarantee, so we would like low salaries and high
contingent comp,” Blankfein said in the interview. “We think the world is going in a poor
direction. We think having high fixed salaries for people, or guarantees for people and
lower contingent comp actually is worse behavior.”
Goldman Sachs raised salaries after competitors including Morgan Stanley, UBS AG
and Citigroup Inc. lifted base pay for employees and executives. New U.S. rules on bank
pay, approved for public comment by the Federal Deposit Insurance Corp. on Feb. 7,
aim only at bonuses and leave salaries untouched.
The number of applications for U.S. mortgages rose last week, led by more refinancing
as mortgage rates fell to the lowest level since the end of January.
The Mortgage Bankers Association’s index of loan applications increased 13
percent in the week ended Feb. 18 after dropping the prior week to the lowest point
since November 2008. The group’s refinancing measure jumped 18 percent and the
purchase gauge rose 5.1 percent.
“Refinancing is more sensitive to fluctuations in rates” than are purchases, Paul
Dales, a senior economist at Capital Economics Ltd. in Toronto, said before the report.
Still, he said he expected refinancing to “remain soft” with sales at “historically
depressed levels for perhaps two or three years.”

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The average rate on 30-year fixed mortgages dropped to 5 percent as turmoil in the
Middle East and North Africa led investors to seek the safety of U.S. Treasury securities,
which are benchmarks for some consumer loans, pulling down their yield. Still, mounting
foreclosures, falling prices and 9 percent unemployment mean it will take time for
demand to pick up. The 30-year rate fell from 5.12 percent the prior week. It reached
4.21 percent in October, the lowest since the group’s records began in 1990.
At the current 30-year rate, monthly payments for each $100,000 of a loan would be
$536.82, in line with the same week the prior year, when the rate was 5.04 percent.
Rates Fall. The average rate on a 15-year fixed mortgage fell to 4.28 percent from 4.34
percent. The share of applicants seeking to refinance a loan rose to 65.7 percent from
64 percent the prior week.
The housing market is struggling to gain traction after a homebuyers’ tax credit
expired last year and as more properties fall into the foreclosure pipeline. Combined
sales of existing and new homes in December were at a 5.61 million annual unit pace,
down from a July 2005 record of 8.53 million.
A report from the National Association of Realtors today may show existing home
sales fell 1.1 percent to a 5.22 million annualized rate in January, according to
economists’ estimates. Sales of previously owned homes last year totaled 4.91 million,
the lowest level since 1997.

The top lawyer at the Securities and Exchange Commission and his two
brothers inherited more than $1.5 million in phony profits from their mother's
investment in Bernard Madoff's epic Ponzi scheme, according to a startling suit filed by
bankruptcy trustee Irving Picard.
David Becker who was named SEC general counsel and senior policy director
less than two months after Madoff's arrest in December 2008 was served with legal
papers demanding return of the dirty money earlier this month, court records show.
Picard's "clawback" suit claims that Becker's mother's estate of which he and his
brothers are co-executors received more than $2 million from Madoff's crooked
investment firm.
"The investigation has revealed that $1,544,494 of this amount was fictitious
profit from the Ponzi scheme," the Manhattan Bankruptcy Court filing says.
The Beckers' mother, Dorothy, died in June 2004. Picard's papers say $2.04 million was
withdrawn from the estate's account in February 2005, and another $1,648 was taken
out three months later.
The three brothers were sued as both executors and individuals.
Reached at his Bethesda, Md., home last night, David Becker said, "There's no
allegations of wrongdoing on anyone's part other than by Madoff."
Becker, who's slated to leave the SEC next week for a private-sector job, insisted he had
no "absolutely" no idea Madoff had been running a fraud.
"This is about my parents' investments. I had nothing to do with my parents'
investments," Becker said.
Asked if he had told his bosses at the SEC which has been harshly criticized for
failing to uncover Madoff's $65 billion scam he replied, "I don't discuss internal
conversations with the SEC."
Becker served as SEC general counsel from 2000 to 2002 before returning in February
2009, with Chairwoman Mary Schapiro then praising his "wisdom and careful judgment."
In announcing the end of Becker's "two-year commitment" earlier this month, Schapiro
said his "wise counsel" had "served the agency and the American people brilliantly."
Meanwhile, lawyers for the Mets' owners yesterday threw a brushback pitch at Picard,
who has sued them to get back more than $300 million in Madoff profits. The papers,

7
filed on behalf of Fred Wilpon and Saul Katz in US Bankruptcy Court, demand that
Picard turn over all discovery material so both sides will be on an even playing field. The
sides have agreed to mediation, which has already begun, overseen by former Gov.
Mario Cuomo.
But "meaningful mediation will be impossible if the defendants do not have
access to all of the Trustee's pre-complaint discovery," the filing states.
Picard's suit, claiming the Mets' owners "knew or should have known" Madoff was
running a scam, was unsealed earlier this month and unleashed speculation the team
would have to be sold to pay off its debts.

The school district plans to send out dismissal notices to every one
of its 1,926 teachers, an unprecedented move that has union leaders up in arms.
In a letter sent to all teachers Tuesday, Supt. Tom Brady wrote that the
Providence School Board on Thursday will vote on a resolution to dismiss every teacher,
effective the last day of school.
In an e-mail sent to all teachers and School Department staff, Brady said, “We
are forced to take this precautionary action by the March 1 deadline given the dire
budget outline for the 2011-2012 school year in which we are projecting a near $40
million deficit for the district,” Brady wrote. “Since the full extent of the potential cuts to
the school budget have yet to be determined, issuing a dismissal letter to all teachers
was necessary to give the mayor, the School Board and the district maximum flexibility
to consider every cost savings option, including reductions in staff.” State law requires
that teachers be notified about potential changes to their employment status by March 1.
“To be clear about what this means,” Brady wrote, “this action gives the School
Board the right to dismiss teachers as necessary, but not all teachers will actually be
dismissed at the end of the school year.”
“This is beyond insane,” Providence Teachers Union President Steve Smith said
Tuesday night. “Let’s create the most chaos and the highest level of anxiety in a district
where teachers are already under unbelievable stress. Now I know how the United
States State Department felt on Dec. 7, 1941.” That was the day the Japanese
government bombed Pearl Harbor.
Smith, who has forged a groundbreaking collaboration with Brady that has
received national recognition, said he believes this move comes directly from Mayor
Angel Taveras, not the School Department. In a conversation with Taveras earlier
Tuesday, Smith said the mayor also hinted at school closings but didn’t elaborate.
Taveras, in a statement issued Tuesday night, said the uncertainty around the city’s
finances, combined with the March 1 deadline, led to this decision. Because it is too
early to be certain of all possible changes to the school budget, Taveras said, issuing
dismissal notices to all teachers “provides maximum flexibility” going forward.
“As a Providence public school graduate, I understand how great teachers can
change lives,” he wrote. “I am sensitive to the uncertainty and anxiety that many
teachers felt when they received this notice. My administration will do all it can to support
our committed, hardworking teachers during this difficult time.”
Providence is facing a daunting budget crisis. The city had a $57-million deficit last year
and expects a higher figure for the year ending June 30. In addition, the city, under then-
Mayor David N. Cicilline, nearly depleted its reserves to cover day-to-day expenses.
Taveras is currently awaiting completion of a report by an independent panel, which he
commissioned to get a better handle on the city’s financial situation.
Meanwhile, Smith said he was caught completely off-guard by the planned
dismissals, adding that Brady didn’t inform him of the decision until 5:30 p.m. Tuesday
although he had heard rumors over the weekend.

8
He said it makes no sense to send out dismissal notices to every teacher because the
district has a legal obligation to educate all of its students, regardless of budget
considerations. “You have so many students,” he said. “You need so many teachers.
You have a student-teacher ratio of 26 to 1. Do the math.”
Last year, only about 100 teachers received layoff notices, but in years past, as
many as 500 have.
Smith said the dismissals couldn’t come at a worse time. The union is getting
close to resolving a lawsuit over seniority-based hiring. The teachers’ contract expires
June 30. And both Smith and Brady have staked their careers on a first-ever partnership
in which both sides have agreed to make deep reforms in four of the district’s lowest-
performing schools.
“We’re at the table with our best ideas,” Smith said. “To take this approach is
unconscionable.”

For many people who purchased a home for the first time in 2008, it's
payback time. It sounded like a great deal: become a first-time homebuyer and pocket
up to $7,500 in a tax credit. But if you bought that house in 2008 and received the credit,
you're required to start paying it back now.
That's because the credit was actually an interest-free loan provided by the
government to stimulate a near-dead housing market.
Unlike the homebuyer credits of 2009 and 2010, this one must be paid back over 15
years beginning with this year's tax return.
For someone who got $7,500, that's $500 a year.
"This is not a freebie," said Jackie Perlman, a tax analyst at H&R Block's Tax Institute.
The 2008 credit was available to qualified homebuyers who purchased after April 8,
2008, through the end of that year. The IRS has sent letters reminding folks who fall into
this category, including 45,865 taxpayers in New York State.
Many have been caught off-guard. They either forgot that the credit was a loan,
or believed the loan had been forgiven as Congress subsequently passed different
versions of the homebuyer credit that did not require a payback.
"I had one client who called me in a slight panic," said Jonathan Horn, a certified public
accountant. "People are confused."
If you got the credit and have sold your house or it is no longer your primary
residence, the total amount you owe is due on the return for the year those events took
place, with some exceptions.
You can choose to accelerate your payments. While the loan is interest-free,
some might want to pay it back sooner rather than later.
"A loan is still something hanging over your head," Perlman said.
"Some people will say, 'Let me get this over with.'"

Purchases of new houses in the U.S. fell more than forecast in January,
reflecting declines in the West and South that indicate a California tax credit and bad
weather may have played a role.
Sales declined 13 percent to a 284,000 annual pace, figures from the Commerce
Department showed today in Washington. The median estimate of economists surveyed
by Bloomberg News projected a decrease to a 305,000 rate. Demand dropped 37
percent in the West and 13 percent in the South.

Homes in the foreclosure process sold at an average 28 percent discount

last year and may continue to drive down U.S. housing prices as the supply of distressed
properties grows, according to RealtyTrac Inc.

9
 A total of 831,574 homes that sold in 2010 had received notices of default,
auction or repossession, the Irvine, California-based data seller said today in a
statement. Properties in distress accounted for almost 26 percent of all home sales last
year, down from 29 percent in 2009.

Sales of previously owned U.S. homes rose unexpectedly in January, but

prices fell to their lowest level in nearly nine years, an industry group said on
Wednesday. The National Association of Realtors said sales climbed 2.7 percent month
over month to an annual rate of 5.36 million units from a downwardly revised 5.22 million
pace.
Economists polled by Reuters had expected January sales to fall 2.1 percent to a
5.24 million-unit pace from the previously reported 5.28 million units in December.
Compared with January last year, sales were up 5.3 percent. The median home price fell
3.7 percent from a year-ago to $158,800, the lowest since April 2002.

President Barack Obama’s numbers have plunged in all 50 states, according

to a Gallup poll released Wednesday overall, the president’s average approval rating fell
from 58 percent in 2009 to 47 percent in 2010.
The news came as the revolt against public unions started by Gov. Scott Walker
in Wisconsin showed signs of moving to more states, according to Time magazine. Time
pointed out that while anti-union legislation differs in states across the country, the
conflicts in places like Ohio, Indiana and Florida all pit GOP governors or their
statehouse allies against entrenched labor movements.

• In Indiana, Democratic legislators, mirroring their Wisconsin counterparts' desperation,

fled the state to deny Republican lawmakers the quorum necessary to proceed on a
"right to work" bill, legislation that would prevent employers and unions from signing
contracts that require non-members to pay fees for representation. That has come with a
cost: The political weight of a single bill grounded Gov. Mitch Daniels' ambitious agenda,
Time pointed out.
• In Michigan, newly elected Republican Gov. Rick Snyder's budget calls for pensions to
be taxed, and he backs empowering emergency financial managers, brought in when a
school or city is foundering, to cut union contracts. But Snyder says he remains
committed to bargaining with labor rather than forcing his position. "It's not
confrontational with the unions," he said. "It's about how we do collective bargaining to
achieve a mutual outcome where we all benefit."
• Florida is already a "right to work state,” but GOP state Sen. John Thrasher has
introduced legislation to declaw unions there politically. The bill would bar labor groups
from using salary deductions for candidate donations or electioneering. Gov. Rick Scott
proposed laying off 6,700 state workers in his first budget proposal but he has backed off
a larger standoff with unions. "My belief is as long as people know what they're doing,
collective bargaining is fine," he told Tallahassee's WFLA Radio on Tuesday.
• In Ohio, Gov. John Kasich says he’s willing to weather confrontation with unions over
what’s known as Senate Bill 5. It would abolish collective-bargaining rights for 42,000
state workers and scale back those of roughly 300,000 local government employees in
Ohio, including teachers, firefighters and police. Democrats lack the numbers in the
statehouse to delay action with a walkout. Republicans have an 8-4 majority on that
Insurance, Commerce and Labor Committee, not to mention a 23-10 majority in the
senate overall. SB5 is likely to face a full vote next week.

10
 These revolts, which are likely to spread to other states next week, don’t bode
well for a president facing sinking polls. His approval rating fell in every state, according
to a compilation of Gallup’s daily tracking polls.
Obama’s national approval rating dropped to 47 percent in 2010 from 58 percent
in 2009. The biggest decline came in Vermont, where his approval rating dived 15.2
percentage points to 52.6 percent in 2010. The second-largest plunge came in Arizona –
14.5 percentage points to 40.2 percent. The third-biggest decline came in Kentucky –
14.2 percentage points to 38.6 percent. The fourth-largest decrease came in Missouri –
14.1 percentage points to 41.4 percent.
Obama’s approval rating sank by more than 10 points in more than 30 states.
The 10 states with the highest ratings all traditionally lean blue. After D.C. and Hawaii,
they are Maryland, New York, Delaware, Massachusetts, Rhode Island, California,
Connecticut and Illinois, the Daily Caller pointed out.
The 10 states with the lowest approval ratings are Wyoming, Idaho, West Virginia, Utah,
Oklahoma, Alaska, Kentucky, Montana, Arkansas, and Kansas.

The Indiana senate passed a sweeping immigration bill that echoes

Arizona's tougher measures on illegal immigrants and despite opposition from some of
the largest employers and business groups in the state.
The measure, passed on Tuesday night by a vote of 31-18, would allow state
and local police to ask a person stopped for infractions like traffic violations for proof of
legal residency if the officer has a "reasonable suspicion" they may be in the country
illegally. Another provision would call for, with some exceptions, the use of English only
in public meetings, on Web sites and in documents.
The bill still needs to be adopted by state's House of Representatives, where
opponents say they will now turn.
The vote "was a key step in the legislative process," the bill's author Sen. Mike
Delph said in a statement, adding that the bill will "send a clear message that Indiana will
no longer be a sanctuary for people who are in our state and country illegally because of
our federal government's failure to act on illegal immigration."
Greater Indianapolis Chamber of Commerce officials say the measure would have a
chilling effect on business, particularly convention business.
"It will have a negative economic impact on the state of Indiana," Chamber Public Policy
Director Angela Smith-Jones said, adding that immigration issues should be handled on
the federal level. The Chamber feels it has a good chance of lobbying enough House
members to block the bill, Smith-Jones said.

Democratic lawmakers are fleeing Indiana in an attempt to block anti-union

legislation, the Indianapolis Star reports. A source tells the paper that the Democrats
will most likely enter Illinois, where fleeing Wisconsin senators are also ensconced as
part of a similar maneuver.
The Wall Street Journal reports that protesters encouraged the departing Democrats:
Republicans arrived at the statehouse Tuesday morning to find no Democrats
present, as protesters applauding the walkout could be heard inside the chamber.
The strategy is possible because Republicans make up 60 of 100 House seats. Without
any Democrats present, Republicans lack a two-thirds majority needed for a quorum to
act on the bill.
The Fort Wayne Journal Gazette reports that the proposed Indiana legislation
"prohibits employees from being required to pay union dues or representation fees as a
condition of employment."

11
 Large financial institutions continue to pose major risks to the U.S.
economy, and must be broken up in order to avoid another meltdown, Kansas City
Federal Reserve President Thomas Hoenig said on Wednesday.
Citing a number of shortcomings in the recently enacted U.S. financial reform legislation,
Hoenig argued that many of the firms whose size helped drive the financial system into
crisis are now larger than ever.
He also argued that regulators still lack sufficient powers to rein in financial
giants, adding that the unfair advantages they glean from the implicit protection of
government are self-reinforcing.
"We must break up the largest banks, and could do so by expanding the Volcker Rule
and significantly narrowing the scope of institutions that are now more powerful and
more of a threat to our capitalistic system than prior to the crisis," Hoenig told a meeting
of the Women in Housing and Finance.
Hoenig called for "Glass Steagall-type" provisions that would no longer allow
commercial banks to engage in the riskier activities normally confined to the investment
sector. "We must make sure that large financial organizations are not in position to hold
the U.S. economy hostage.

SHORT NOTES

Texas state workers may be forced to start paying part of their health-
insurance premiums to close a projected $591 million funding gap in the next two years,
the director of the government’s pension system said.
The Republic of Texas weighs in: Bill Calls for Illegals to Be Dumped at Offices of
Congressmen says all illegal immigrants should be ‘taken to the office of a US Senator
or Congressman and left there.

Fewer Americans than forecast filed first-time claims to collect jobless

benefits last week, indicating companies are reducing the pace of firings as they grow
more confident in the economic outlook.
Applications for unemployment insurance decreased 22,000 to 391,000 in the
week ended Feb. 19, the Labor Department said today. Claims have fallen in three of
the past four weeks, pushing down the monthly average to the lowest level since July
2008. The Bloomberg Consumer Comfort Index rose to the highest since April 2008,
reflecting an improving jobs picture.

As the carriers have tried to keep up with rapidly rising oil prices, they have
already increased their fares four times since the start of the year, compared with only
three increases for all of 2010. The airlines have also raised some of their fees, imposed
summer peak- time surcharges and added hefty fuel surcharges on international flights.
At today’s prices, fuel accounts for about 40 percent of the industry’s costs, up
from about 30 percent just last year. [But we were told commodities are only a fraction of
corporate costs!] The price of jet fuel, which is now $2.99 a gallon, has soared 58
percent since last summer’s lows of $1.89 a gallon.

[This is beyond socialism; it’s despotic!]

Obama Proposal Seeks Multibillion-Dollar Settlement of Loan-Servicing Cases
The Obama administration is trying to push through a settlement over mortgage-
servicing breakdowns that could force America's largest banks to pay for reductions in
loan principal worth billions of dollars.

12
 Across Wisconsin, residents like Mr. Hahan have fumed in recent years as
tens of thousands of manufacturing jobs have vanished, and as some of the state’s
best-known corporations have pressured workers to accept benefit cuts.
Wisconsin’s financial problems are not as dire as those of many other states. But a
simmering resentment over those lost jobs and lost benefits in private industry combined
with the state’s history of highly polarized politics may explain why Wisconsin, once a
pioneer in supporting organized labor, has set off a debate that is spreading to other
states over public workers, unions and budget woes

As pressure mounts on the White House to intervene to stop Moammar

Gadhafi's bloody crackdown in Libya, many commentators have been wondering why
Barack Obama has been cautious in his criticism of the dictator after the U.S. president
so fervently supported the removal from office of U.S. ally Hosni Mubarak of Egypt. But
Gadhafi has been tied to Rev. Jeremiah Wright, Obama's spiritual adviser for more than
23 years. The Libyan dictator also has financed and strongly supported the Nation of
Islam and its leader, Louis Farrakhan. Obama has ties to Farrakhan and his
controversial group.

Confidence among U.S. consumers increased more than forecast in

February to the highest level in three years a drop in unemployment helped overcome
concern over increasing food and fuel costs.
The Thomson Reuters/University of Michigan final sentiment index for the month
climbed to 77.5 from 74.2 the prior month, a report today showed. Economists projected
the gauge would rise to 75.5, according to the median forecast in a Bloomberg News
survey.

The Chicago Fed National Activity Index decreased to –0.16 in January

from +0.18 in December. Production-related indicators made a contribution of +0.05 to
the index in January, down from +0.45 in December. Total industrial production ticked
down 0.1 percent in January after rising 1.2 percent in December. However, the Institute
for Supply Management’s Manufacturing Purchasing Managers’ Index increased to 60.8
in January from 58.5 in December. [ISM is perverted by survivor bias.]

GOLD, SILVER, PLATINUM AND PALADIUM

Pretium Resources Inc.: Snowfield Resources Increase

http://finance.yahoo.com/news/Pretium-Resources-Inc-iw-1284700966.html?x=0&.v=1

On Wednesday spot gold rose $12.90 to $1,413.40, as April rose $9.40. Spot
silver rose $0.44 to $33.30, as March rose $0.64. Gold open interest went wild, up
14,285 contracts to 501,119. Silver OI fell 5,090 to 145,070. Once over $34.00 silver
should fly. The XAU rose 4.05 to 213.30 and the HUI gained 9.83 to 558.95.
The Dow fell 106 to 12,106, S&P fell 72 and Nasdaq fell 201 Dow points. The
yen rose .0030 to $.8248; the euro rose .0086 to $1.3744; the pound rose .0060 to
$1.6202; the Swiss franc rose .0053 to $.9332 and the Canadian dollar rose .0016 to
$1.0108. The USDX fell .38 to 77.38.
Oil rose $3.05 to $98.47, gas rose $0.12 to $2.72 and natural gas rose $0.03 to
$4.06. Copper fell $0.03 to $4.33, platinum rose $0.70 to $1,787.00 and palladium fell
$25.55 to $777.15. The CRB rose 3.45 to 347.81.

13
 Turmoil in North Africa and the Middle East and higher oil prices has brought an
overbought stock market to a correctional phase. There is also the possibility that there
could be problems in Saudi Arabia. For the US and Europe all this comes at a
dangerous juncture with major unemployment and historic fiscal and monetary problems.
We are now seeing unrest and demonstrations in China, the US and Europe as well.
The bond market has rallied intrepiding the problems as deflationary. We disagree and
you will see because it could be lower yields are the result of government manipulation.
If this is a recovery it is a tepid one. There have been only two months of strong
non-farm payrolls and one quarter of real consumer spending growth about 2.5% in 18
months. There also has been a 50% fall in savings the result of holiday spending.
Recovery is another government and Fed mirage. The market rally has been easy to
anticipate. It is a reflection of Fed market intervention in the Treasury-Agent markets.
This activity allows institutions to zero in on the stock market and not have to
accommodate the Fed in the bond market. The market may have been going up but the
books of new orders are off al most 25%, which means the economy should soften as
the year progresses.
Gas prices are up $0.50 a gallon over the past six months at a cost to the
economy of $65 billion annualized. If unrest continues we could see $5.00 gas, which
would cut consumer spending $300 billion and thereby widening the depression.
The situation in Europe is at the crossroads relating to a larger bailout package.
As we reported the CDU lost the first of 7 state elections in Chancellor Merkle's own
constituency. It was a giant loss and the factor was Germans in the wealthy Hamburg
region do not want to bail out the six bankrupt members of the euro zone. They have
had it and want the Deutsch mark back. It is coming, we assure you. Merkle will have to
back off on further financing. If she doesn’t the CDU will be a dead duck for another
dozen years and the Socialists will regain power. The events in the Middle East allowed
these events to shuffle into the background and that was why we have seen the Middle
East and North Africa blow up. It was a diversion.
Retail sales are falling again after the holiday binge. Job creation is faltering and
financial contraction is on the way. The states and municipalities have their fiscal knives
out to avoid bankruptcy. Some will go under, but most workers will accept lower pay and
benefits. Destroying the unions is counterproductive. There will be jobs lost and that
certainly is anti-recovery.
Gains and profits by transnational conglomerates are sitting in the Cayman
Islands and other such tax havens to the tune of almost $2 trillion. They want the same
deal as they got six years ago. Return the capital but not at a 35% tax rate, but at a 5-
1/4% tax rate depriving the American taxpayer of $650 billion in needed revenue. The
Treasury and the Fed want the funds back to buy Treasuries and Agency bonds, and to
prop up the stock market. The corporate officers want to send their shares higher so
they can cash in their options. More thievery for the criminal syndicate.
Forty percent of public sector debt has been incurred over the past two years and
over the past five years 60% of the monetary base has been created and we are still
only going sideways. Any thinking person knows the game is over and there is no
escape from what has been deliberately done to the US economy.
All the signs were there in the 4th quarter that GDP growth was beginning to slow
down. That slowdown will accelerate through the end of the year, and end up with 2% to
2-1/4% growth. Present oil prices will cut 0.5% of GDP growth and $5.00 gas will cut
1.5% off GDP leaving ½% to 3/4% growth at a price of $2.5 trillion.
Irish elections are looming and the deals made by the previous administration will
be scrapped. The Irish will not bail out the bankers. They may default and leave the euro

14
zone, go back to the punt and even perhaps leave the EU. These possible events could
push Greece, Portugal, Belgium and Spain over the edge.
Just to show you how tenuous the economy is 20% personal income is now
derived via federal transfers. This in part is responsible for the fiscal debt this year of
$1.6 trillion.
On Thursday spot gold rose $1.90 to $1,415.50, as April fell $11.50. Spot silver
fell $0.12 to $33.18, as March fell $1.16. Gold open interest rose 2,357 contracts to
504,476, as silver OI fell 3,558 to 141,512. Late in the session the gold and silver shares
were hit as were bullion. The XAU fell 4.87 to 208.43 and the HUI fell 16.35 to 542.58.
January durable goods orders rose 2.7% due to aircraft bookings, some 4,900%
in increases. Without that capital goods orders actually fell 3.6%, without defense and
aircraft orders, orders plunged 6.9%.
The number of banks at risk of failing made up 12% of all federally insured banks
in the last quarter of 2010, the highest level in 18 years. Problem banks rose to 884, up
from 860 in the third quarter.
Sales of foreclosed homes in 2010 fell. Banks had 31.1%. 26% of sales were in
foreclosed homes. The average price was 28.1% below the average regular properties
in 2010, versus 27% yoy. Fourth quarter sales fell 22% from the third quarter’s 45.4%.
The Bloomberg Consumer Comfort Index was -39.2 versus -43.4%.
The Dow fell 37 to 12,068, S&P fell 12 and Nasdaq rose 90 Dow points.
The 10-year T-note yielded 3.43%, down 3.1 bps in one week. The yen rose
.0084 to $.8192; the euro rose .0059 to $1.3800; the pound fell .0061 to $1.6138; the
Swiss franc rose .0085 to $.9257 and the Canadian dollar rose .0072 to $1.0168. The
USDX fell .32 to 77.08.
Oil fell $0.45 to $96.65, gas fell $0.01 to $2.70 and natural gas fell $0.06 to
$4.01. Copper rose $0.06 to $4.35, platinum rose $5.80 to $1,782.50 and palladium fell
$2.30 to $772.25. The CRB fell 1.96 to 345.85.
On Friday gold fell $6.50 to $1,408.30, as April fell $5.00. Spot silver fell $0.28 to
$32.90, as March rose $0.19 to $33.37. The Thursday OI fell 4,972 contracts for March
contracts in silver. This is very bullish. Gold open interest rose 5,799 contracts to
510,275. This shows that JPM is covering at progressively higher prices taking horrible
losses. In silver on the Comex this past week commercials, banks, increased net shorts
by 2,746 contracts. In gold they increased shorts by 13,180 contracts. The XAU rose
3.78 to 212.21 and the HUI rose 12.52 to 555.12. AEM rose 0.65%, or $0.45 to $69.22;
GG rose 3.96%, or $1.79 to $46.98; SSRI rose 3.18%, or $0.82 to $26.60; MFN rose
12.09%, or $1.25 to $11.59 and PVG rose 1.16%, or $0.12 to $10.50.
The commercial paper market grew for the 5th straight week by $5.2 billion to
$1.046 trillion.
The government says the world faces a protracted bout of extremely high food
prices and that food inflation would surge in the second half of the year.
The heavily subsidized ethanol industry demand for corn will continue to grow
consuming 36% of the corn crop, as people starve worldwide.
The Dow rose 62 to 12,140, S&P rose 124 and Nasdaq 260 Dow points. The 10-
year T-note yielded 3.42%. The yen rose .0010 to $.8167; the euro fell .0057 to $1.3748;
the pound fell .0025 to $1.6113; the Swiss franc fell .0047 to $.9285 and the Canadian
dollar rose .0058 to $1.0222. The USDX rose .18 to 77.24.
Oil rose $0.95 to $98.22, gas rose $0.02 to $2.74 and natural gas rose $0.14 to
$4.15. Copper rose $0.13 to $4.47, platinum rose $16.60 to $1,803.40 and palladium
rose $7.70 to $785.45. The CRB rose 5.44 to 351.29.

15
 BY JEAN EAGLESHAM AND VICTORIA MCGRANEThe Commodity Futures
Trading Commission has halted development of a technology program used to flag
suspicious trading because of an $11 million cut in its technology budget, increasing
rancor within the small agency about how it should spend its money.The funding shortfall
is forcing Republicans and Democrats in the CFTC to advocate competing visions of the
future of the agency, established in 1974 to police trading of oil, natural gas, silver and
other commodities in the $40 trillion futures market.Scott O'Malia, a Republican
commissioner, favors big investments in technology. Democrats, led by CFTC chairman
Gary Gensler, would rather ...
http://online.wsj.com/article/SB10001424052748 703905404576164774042487098.html

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Return of the Robber Barons

After the Civil War, the U.S. saw the rise of the “robber barons” wealthy industrialists like
John D. Rockefeller (Standard Oil), J.P. Morgan (finance), Andrew Carnegie (steel), and
Cornelius Vanderbilt (railroads). These “robber barons” devised schemes whereby their
seemingly disparate corporations could combine to gain control of markets, freeze out
competition, create monopolies, and then raise prices, profits and power to exorbitant
levels. These objectives were achieved in a number of industries in part because the
robber barons were able to bribe congressman, senators and even presidents enact
laws that favored monopolies.

The word “fascism” (as later popularized by Mussolini and the Nazis) did not exist in the
late 1800s. If it had, that combination of rich, corporate “robber barons” and Washington
politicians could have been justly called American “fascism”.

The “combinations” of wealthy, powerful corporations came to be called “trusts”. These

trust schemes created great wealth and power for the “robber barons,” but also created
great poverty, jealousy and antagonism among the majority of the America’s working
people. The people’s adverse reaction to “trusts” eventually inspired “anti-trust” laws
that restricted the robber barons’ ability to employ trusts to create monopolies. The
Sherman Anti-Trust Act was passed in A.D. 1890 but was not significantly enforced until
the early 20th century.
In A.D. 1904, John Moody wrote The Truth About Trusts. That book was intended to
appear “objective” but, in fact, extolled and even celebrated the necessity of such
“trusts”. Mr. Moody’s book began with a pair of quotes under the heading:

A “Standard Oil” View of the Trust Movement

16
“To stop cooperation of individuals and aggregation of capital would be to arrest the
wheels of progress to stay the march of civilization to decree immobility of intellect and
degradation of humanity. You might as well endeavor to stay the formation of the
clouds, the falling of the rains, or the flowing of the streams, as to attempt by any means
or in any manner to prevent organization of industry, association of persons, and the
aggregation of capital to any extent that the ever-growing trade of the world may
demand."
At the time, that description of trusts seemed positive. The “cooperation of individuals,”
“wheels of progress,” and “march of civilization” who could be against that?
Moreover, the principles behind monopolies were presented as “irresistible forces” that
could not be denied or resisted. Sure, there might be some problems, but like death and
taxes, nothing seemed so sure as more trust-monopolies.
But note the two references to the “aggregation of capital” and one reference to “trade of
the world”. The monopolists were apparently motivated by the “love of money”
(aggregation of capital) and dreamed of one day achieving and controlling something
like global free trade.
The book’s second quote was,

“If there is one thing that history teaches plainly it is that abuses are soonest reduced to
a minimum by permitting, not by restricting, individual liberty. Give all equal
opportunities in business will regulate itself honorable lines. I do not prophecy an era of
perfection. The golden age of the future is a mirage as the golden age of the path is a
myth. * * * But men whose integrity is such as to permit them to be entrusted with the
management of large capital, whose intellectual grasp of principles and details is such
as to command with their products the markets of the world, are those who will soonest
realize that the policy which succeeds is that which accords fair treatment of all, be they
competitors, consumers, or employees; that there is nothing so sharp or so shrewd as
honor; that nothing wins like justice; that the well-being of one depends on the well-being
of all."—S. C. T. Dodd, Solicitor for the Standard Oil Company.

Lawyer Dodd made a nice speech. Most of it was true. It might’ve work well in a closing
argument to a jury. He implicitly admitted that the robber barons were sometimes
“abusive”—but claimed that the solution to these abuses was not more government
regulation or anti-trust legislation, but rather an open and free market which permitted
rather than restricted “individual liberty.”

The problem with Mr. Dodd’s speech is that while his employer (Standard Oil) and the
rest of the robber barons were indeed dedicated to their own “individual liberty”—they
were also determined to use their liberty to create and exploit monopolies which would
effectively restrict the liberty of everyone else.
While the robber barons might say “nothing wins like justice,” they truly believed that
“nothing wins (for us) like monopolies.”

• The robber barons used “trusts” to create the monopolies they needed to maximize
their profits and power.
According to John Moody, circa A.D. 1900, there were competing definitions for “trusts”
but the best definition was provided by Standard Oil solicitor Dodd:

“The term ‘Trust’ in its more confined sense embraces only a peculiar form of business
association effected by stockholders of different corporations transferring their stocks to

17
trustees. The Standard Oil Trust was formed in this way, and originated the same ‘Trust’
as applied to associations. * * *
“The term ‘Trust,’ although derived as stated, has (now) obtained a wider signification,
and embraces every act, agreement, or combination of persons or capital believed to be
done, made, or formed with the intent, power or tendency to monopolize business, to
restrain or interfere with competitive trade, or to fix, influence, or increase the prices of
commodities.” [Underlined highlights added.]

As described in the first paragraph, the “trust” mechanism was fairly simple: major
stockholders of several separate corporations would transfer their stock and control of
their various corporations to a group of trustees. The trustees would then exercise
influence or control over the several corporations (that would normally be independent
from each other) so as to cause those separate corporations to act in concert to defeat
competitors outside the trust.

For example, suppose the trust held stock from Carnegie Steel and a major railroad.
The trustees might then establish a very low charge for hauling products produced by
Carnegie Steel, and a high rate to transport steel produced by other steel manufacturers.
The net result would be conditions where the other steel manufacturers—even if they
produced a less expensive steel than Carnegie—could nevertheless not match the
delivered price of Carnegie Steel. Business would flow to Carnegie; his competitors
would tend towards bankruptcy.

The definition of “trust” in Mr. Dodd’s second paragraph is more subtle and complex
since it described the “trust’s” intangible purpose: to monopolize business so as to
control prices so as to generate exorbitant profits. Despite public relations statements to
the contrary, these “trusts” were criminal enterprises—racketeering carried out at the
highest economic levels of society.

• For the balance of this article, I’ll argue that, today, Americans are once again subject
to the kind of robber barons and “trusts” that exploited the people over a century ago.
Today’s “trusts” operate at not only the highest economic levels of our society, but also
the highest political levels. Under today’s “trusts,” the object is not simply to control
prices, maximize profits and exploit laborers, but to control the entire US and even global
economies so as to ultimately bypass the Constitution to arbitrarily rule over, and exploit,
the people.

• In the 1990s, a friend of mine had access to the Texas Department of Parks and
Wildlife. He was surprised to discover rows of filing cabinets filled with contracts that
linked that Department to other governmental agencies. For example the relationship
between the Department of Parks and Wildlife and the Department of Public Safety
(state police) seemed to be controlled by private contracts rather than by public law. At
the time, the reason for these contractual relationships was a mystery.

Today, thanks to Manta.com, these contractual relations seem more understandable,

though still fantastic. Manta.com lists over 63 million private corporations based on data
is supplied by Dun & Bradstreet. That data suggests that most or perhaps even all of
modern governmental “departments” and “agencies” may be private corporations rather
than true “branches” of constitutional government.

18
For example, if you enter “Texas Department of Parks and Wildlife” into the Manta.com
search engine, you’ll find that there are “397 U.S. companies matching ‘Texas
Department of Parks and Wildlife’.” The second company on that list is:
“Texas Department of Parks and Wildlife (Choke Canyon State Park) Branch
“State Park, Three Rivers TX
“Land, Mineral, Wildlife, and Forest Conservation
“Texas Department Of Parks And Wildlife in Three Rivers, TX is a private company
categorized under Land, Mineral, and Wildlife Conservation. . . . Companies like Texas
Department Of Parks And Wildlife usually offer: Wildlife Conservation Services, Urban
Land Management, Petroleum Land Management, Professional Land Management and
Land Management.” [Emphasis added.]

If you’d like more comprehensive information, Manta.com also sells seven separate
“Dun & Bradstreet Reports” on this particular “private company” ranging in price from
$13.00 to $210.00.
The reason there’re so many (397) “private companies” identified under “Texas
Department of Parks and Wildlife” may be that each separate facility or park is a
separate corporation. If so, the “Texas Department of Parks and Wildlife” is not a single,
monolithic agency of constitutional government under public law—so much as a
conglomerate of several hundred private corporations united by contracts.
Similarly, if you enter “Texas Department of Public Safety” into the Manta.com search
engine, you’ll find “1,113 U.S. companies matching” that search criteria. Number 1 on
the list is:

“Texas Department of Public Safety (Texas Rangers) Branch

“6502 S New Braunfels Avenue, San Antonio, TX
“Police Protection”
“Texas Department Of Public Safety in San Antonio, TX is a private company
categorized under Marshals' Office, Police. . . . Companies like Texas Department
Of Public Safety usually offer: Law Enforcement Labor Services, Law Enforcement
Psychological Services, Law Enforcement Support Services, Law Enforcement
Training Services and Law Enforcement Services.” [Emphasis added.]

Again, seven Dun & Bradstreet Reports are available (prices $13 to $210 each).
These fairly expensive reports are pretty good evidence that these listings are not
data entry errors. If Dun & Bradstreet sells a $120 “D&B Business Information
Report” on each particular “branch” of the Texas Department of Public Safety,
that’s pretty good evidence that that each particular “branch” is truly a “private
company”.
Again, it appears that the Texas government may be a conglomerate of thousands
of “private corporations” that are linked together by contracts rather than law.
The problem of “private companies” masquerading as if they were true
departments of constitutional government is not confined to Texas. If you enter
“The White House” into the Manta.com search engine, you’ll find over 13,000
“private companies” that use that name—and most are legitimate “private
companies”. But number 8 on the list is located at 1600 Pennsylvania Ave. NW,
Washington DC—the same place where President Obama works. The White
House appears to be a “private company”.
Try “US House of Representatives”. You’ll get a list of “1,383 US companies”.
Here’s the first on the list:

19
“US House of Representative (Representative Velazquez) Branch
“5007 108th Street, Flushing NY
“Legislative Bodies
“US House of Representative in Flushing, NY is a private company categorized
under Government Offices-Us. . . .”

Apparently, Congressman Velazquez’s NY office is a private company. Whether

the Congressman represents the people in his district or that private company is
unclear.
But it’s increasingly clear that, like Dorothy when her house fell on the witch,
we’re not in Kansas anymore.
For even more fun, enter “US Supreme Court,” “US Marine Corps,” “Internal Revenue
Service,” of even “United Nations” into the Manta.com search engine and see what
happens.
The search possibilities are almost endless. The results, seemingly, are always the
same: According to Dun & Bradstreet, most or all of the agencies that currently pass for
“government” are actually “private companies”.
In combination, these private companies act in concert to appear to be “the government”
but may, instead, actually be nothing more than a conglomerate of corporations
designed to defraud the American people out of taxes, fees, fines and property without
constitutional authority.

These “combinations” are apparently linked by contracts (rather than public law). In this
regard, the mechanism under which these governmental corporations “cooperate”
seems eerily similar to the trust-monopolies run by “robber barons” of the 1890s.

Today’s governmental “trusts” would seem to have much the same purpose as the
1890s trusts: to monopolize business (“commerce”) so as to control prices so as to
generate exorbitant profits and arbitrarily rule the American people. Just as the 1890
trusts were criminal enterprises—racketeering carried out at the highest economic levels
of society—today’s “trusts” may also be criminal enterprises carried out at the highest
political levels of society.

• Today’s trusts aren’t limited to government—they also include the natural and/or
corporate descendants of some of the very same trusts that dominated American in the
1890s; the Rockefellers and JP Morgan come to mind.

One of the identifying features of the private entities that are part of the modern “trusts”
may be that they’re deemed to be “too big to fail”. During the 2008-2009 financial crisis,
JP Morgan-Chase (and other Wall Street financiers) were described by “The White
House Inc” as “too big to fail” and given billions of taxpayer dollars. But were the
recipients of this money really “too big” or were they mere “too connected” to the “trust”
that’s running this country as an “economy” (for-profit business) rather than a “nation”
under the Constitution?
If our modern “government” is a conglomerate of private companies, should we be
surprised that the Associated Press recently reported that a “Federal Judge” (operating
under the US Supreme Court—a private company according to D&B) “Tosses ‘Religious
Freedom’ Suit Against Democrats’ Health Care Law”? Doesn’t if follow that the “private
companies” (like courts) that are part of today’s governmental “trust” would rule against
the private people who are not parties to that “trust”?

20
How about the recent report by CBS News that “Supreme Court rejects vaccine
lawsuit”? Should we be surprised if today’s governmental “trust” protected trust insiders
against lawsuits by trust “outsiders” (the People)?

The problems with today’s governmental “trust-conglomerate” have grown so great that
even some apparent insiders have advocated that the trust take a lower profile.
According to Bloomberg News, Federal Reserve Bank of Kansas City President Thomas
Hoenig recently said,

“I am convinced that the existence of too-big-to-fail financial institutions poses the

greatest risk to the U.S. economy. They must be broken up. We must not allow
organizations operating under the safety net to pursue high-risk activities and we cannot
let large organizations put our financial system at risk.”

I agree with Honeig that the “too big to fail financial institutions” pose a threat—but I see
the threat to the nation and our individually-held rights rather than to the economy. I
strongly suspect that America’s biggest threat may be a modern system of governmental
trusts and monopolies virtually identical to the robber barons’ trusts, monopolies and
fascism first seen in this country over a century ago.
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COMMODITIES

DOE reports crude oil inventories rose 800,000 barrels, distillates fell 1.3 m/b and
gasoline fell 2.8 m/b.

EUROPE

Greece's labor unions and professional groups have called for a general
strike on Wednesday that will likely disrupt flights, close stores, and cripple services in
the crisis-hit country. This year's first major labor protest comes as Prime Minister
George Papandreou's Socialist government faces international pressure to make deeper
and more lasting cuts after Greece's debt-crippled economy was rescued from
bankruptcy by the European Union and the International Monetary Fund. State hospital
doctors, ambulance drivers, pharmacists, lawyers and tax collectors will join school
teachers, journalists and thousands of small businesses in what is a shift in protests to
include more middle-class groups. Unions are angry at ongoing austerity measures put
in place by the Socialist government in exchange for a $110 billion bailout loan package
from European countries and the IMF. Stathis Anestis, deputy leader of Greece's largest
union, the GSEE, said workers should not be asked to make more sacrifices during a
third straight year of recession.
"The measures forced on us by the agreement with our lenders are harsh and
unfair we are facing long-term austerity with high unemployment and destabilizing our
social structure," Anestis said. "What is increasing is the level of anger and desperation

21
if these harsh policies continue, so will we." Anestis said around 60 demonstrations were
being planned in cities and towns across Greece, while the GSEE was in talks with
European labor unions to try and co-ordinate future strikes with other EU countries.
Earlier this month, international debt monitors said Greece needed a "significant
acceleration” of long-term reforms to avoid missing its economic targets. It also urged
the Socialist government to embark on a $50 billion privatization programmed to pay for
some of its mounting national debt that is set to exceed 150 per cent of the GDP this
year. The IMF has said some of the frequent demonstrations against the Greek
government's reforms were being carried out by groups angry at losing their "unfair
advantages and privileges."

European confidence in the economic outlook improved more than

economists forecast to the highest in 3 1/2 years in February, led by surging optimism
in Germany. An index of executive and consumer sentiment in the euro region advanced
to 107.8 from 106.8 in January, the European Commission in Brussels said today. That’s
the highest since August 2007. Economists had forecast a February reading of 106.8,
the median of 28 estimates in a Bloomberg survey showed. A gauge of German
economic confidence rose to 116.8 from 115.5.

ENGLAND

Well there we have it. 2010 was another awful year for building new private
homes in England with fewer than 81,000 completed, compared with almost 154,000 in
the peak year of 2007.
And look closer into the latest official house building figures and we see than in
many of the English regions, particularly in the North, the level of private house building
is now running well below half of what it was in 2007.
When you add in the homes built for the social sector there were 102,830 completed
new homes in the year.
If you are prepared to search for historic stats, there are numbers showing that
this is roughly the rate at which homes were being built in the final decade of Queen
Victoria’s reign and in fact we were building more homes in the mid 1870s when the
population was half the size. So this is not an impressive result.
What makes the figures more disturbing is that when we look at the starts figures we see
a worrying fall away in the final quarter. You’d be hard pushed to put all that down to the
snow. Indeed I was always a bit suspicious about the surge in starts in the second
quarter of last year believing that the rise might well be partly down to restocking and
partly down to house builders protecting existing planning consents before they lapsed.

U.K. consumer confidence stayed close to the lowest since March 2009 this
month as Britons’ became more pessimistic about the sustainability of the economic
recovery, a report by GfK NOP Ltd. showed.
The index of sentiment rose to minus 28 from minus 29 January, when it plunged
the most since 1994, the research group said in a statement in London today. Gauges of
consumers’ perception of the economy in the past 12 months and over the next year
both declined.
The economy shrank more than previously estimated in the fourth quarter, data
showed today. Jobless claims rose in January, underlining the fragility of the recovery as
the government prepares to cut 330,000 jobs as part of its fiscal squeeze. At the same

22
time, inflation has quickened to the fastest pace in more than two years, squeezing
households.
“Overall confidence remains low,” GfK Social Research Managing Director Nick
Moon said in the statement. “While the government will be relieved that consumer
confidence has leveled out, such a small increase indicates that last month’s astonishing
figures were not an aberration.”
Recent surveys suggest the economy may have returned to growth in the first quarter.
Gauges of services and manufacturing rose in January, while retail sales rose almost
four times as much as economists forecast in January.
GfK’s gauge on the climate for making major purchases rose 4 points to minus
25 this month, while a measure of Britons’ views of their personal finances over the next
12 months rose 2 points to minus 10.
The GDP data showed that the economy contracted 0.6 percent in the three months
through December, more than the 0.5 percent drop estimated on Jan. 25, the Office for
National Statistics said in London today.

MEXICO

President Felipe Calderón met with company executives Walmart, who informed
him that in 2011 invested in Mexico more than 14 billion pesos, which will generate more
than 20 thousand direct jobs and about 50 thousand indirect jobs.
The Federal Executive noted that this represents a sign 'strong, constant and caring'
confidence in the country and is a bet on the strength of the domestic market reflects
signs of recovery.
But he acknowledged that there need to grow the domestic market to its full
potential, because if I did the economic growth rate stood at 5.5 percent in 2010, 'would
be far greater. "
He explained that the signs of recovery in the domestic market are perceived, for
example, the Consumer Confidence Index in January stood almost 93 points, which is its
highest since May 2008, before the global economic crisis .
Likewise, the subindex that measures the ability to buy durable consumer goods, from
refrigerators to automobiles, grew 36 percent, which is also the highest since September
2008.
Accompanied by Minister of Economy, Bruno Ferrari, and the CEO of Walmart
de Mexico, Scot Rank, President Calderon insisted that the recovery of consumer
confidence and sales at department stores and self are signs of who is recovering
domestic market.
It is also clear that the external sector of the economy is still very strong, for the past
year saw the highest volume of exports from Mexico on record and accounting for nearly
300 billion dollars.
Calderón said the decision of the company 'put him' 14 billion dollars to a country in a
year respond to the potential that is seeing it, 'and how good it looks like this. It is
important that the Mexicans see it like that. "
The President stated that this investment means that Walmart has invested in
Mexico, an amount close to 58 billion pesos and 70 000 direct jobs created between
2007 and 2011.
He recalled that Mexico is called to be the fifth or sixth largest economy in the world by
the middle of this century, so ay not only in terms of manufacturing competitiveness and
exports, but also in value and growth of the domestic market.

23
INDIA

Thousands of people have gathered in the Indian capital Delhi, to take part
in a rally to protest against rising food prices and unemployment.
A steady stream of protesters, carrying red flags, has been marching through the streets
of central Delhi since early morning.
The rally has led to massive traffic jams in the city.
Trade unions who have called the rally say nearly 40,000 people will attend a meeting at
the Ramlila grounds. Thousands will then march to parliament, they say.
Security is tight across the city with thousands of policemen deployed at the rally ground
and along the route of the march.
The protest has been organised by major trade unions, including the All India
Trade Union Congress (AITUC) and the Centre for Industrial Trade Union (CITU).
The Indian National Trade Union Congress (INTUC) - which is backed by the governing
Congress party - is also supporting the strike saying it wants to remind the government
about its commitments to the poor.
A CITU statement said workers from 19 states, thousands of women among them, were
participating in the march. Food inflation has been consistently rising in India, pushing up
household budgets.
The cost of pulses, milk, wheat, rice and vegetables has gone up sharply.
Finance Minister Pranab Mukherjee has said food prices are an "area of concern".

Bank of India has become the first Indian bank to offer trade settlement
facility between the rupee and the Chinese RMB from Hong Kong. This follows
intense persuasion by the China Banking Regulatory Commission, which is trying to gain
acceptance of the RMB as an international currency.
"We are the first Indian bank to offer real-time settlement facility in RMB to Indian
exporters and importers. It will be save a lot of time because settlement in US dollars
usually takes three working days," Arun Kumar Arora, BoI's chief executive in Hong
Kong, said during a recent visit to meeting regulators in Beijing.
Indian buyers are at present making payments in US dollars, and they often have
to convert rupee into the US currency for the purpose. The US dollars will no more be
the intermediary currency as the BOI is offering direct settlement between the rupee and
the Chinese money.
Chinese exporters want their money in the local currency, which is regarded as
more stable compared to the US dollar. They are also in a position to have their way
because Indian buyers do not have an alternative source of low-cost goods, sources
said. The process has been facilitated by a recent memorandum of understanding
signed between the Reserve Bank of India and the CBRC to enhance banking
relationship between the two giant neighbors.
BoI has opened a RMB with the Bank of China, which will provide real time
settlement with buyers and sellers across all provinces of China. The move is part of a
campaign by the Hong Kong Monetary Authority, which has persuaded 100 foreign
banks to enter into arrangements with Chinese banks for trade settlement in RMB.
"We will sell RMB against the US dollar, and companies can buy as much as they want
provided they have the right papers. For individuals, the limit of 20,000 RMB a day,"
Arora said. He expects settlements for an amount ranging between 200 million and 300
million in the first year.

24
 Hong Kong is the only offshore market for the Chinese currency. The past year
saw $400 billion of Chinese yuan being traded in Hong Kong against other currencies.
BoI is also awaiting permission from Chinese regulators to establish a branch in Beijing,
where it has been running a representative office for the past four years. It has recently
signed a MoU with the CBRC on converting the representative office into a branch. The
bank has been running a branch in the boom city of Shenzhen for the past four years.
The Shenzhen branch will also be involved in providing additional support for the trade
settlement business.

JAPAN

Japan’s deflation eased to the slowest pace in 21 months in January as

increases in global energy and food prices prompted companies to pass on costs to
shoppers.
Consumer prices excluding fresh food declined 0.2 percent from a year earlier,
the statistics bureau said today in Tokyo. That compared with a median 0.3 percent drop
predicted by 28 economists surveyed by Bloomberg News. Price drops eased for a
fourth consecutive month.
Japanese companies including coffee roaster Key Coffee Inc. have started to
raise prices in response to higher raw material costs, helping moderate deflation. Still,
the Bank of Japan will probably judge that higher costs due to commodities may damage
the economy and don’t justify ending its easy monetary policy, Daiwa Institute of
Research said.
“Price increases caused by costlier commodities will only have a negative effect
on the economy, eroding corporate profits and discouraging consumption,” said Hiroshi
Watanabe, a senior economist at DIR in Tokyo. “The Bank of Japan won’t consider
tightening unless prices resume rising for an appropriate reason, which is the economy’s
recovery.”

AFRICA

There has been about one farm attack per day in SA since President Jacob
Zuma’s state of the nation address on February 10, the Christian Democratic Party
said. “The latest farm murder that of Alberto Cota near Stellenbosch brings the tally to at
least five farm murders since President Jacob Zuma claimed a reduction in certain
categories of crime during his state of the nation address,” said CDP leader Reverend
Theunis Botha.
“Some farm attacks have taken place in the Free State and Mpumalanga, in one
case the victim is in a critical condition,” he said referring to the attack on a Free State
farmer by three men this morning in which the farmer was shot in the head and his
bakkie stolen.
“Periodic condemnations by the ANC simply do not cut it especially when the
ANC insists on its ‘right’ to sing songs like ‘kill the farmer’.
“Potential attackers must be made to understand quite clearly that farmers are not free
game and that the government is serious in rooting out the problem,” he said.
A farmer was attacked on Mara Farm, between Frankfort and Tweeling, at about 11am.
Police were unsure of the exact details of the incident but the farmer was shot in the
head and the three attackers fled with his bakkie.

25
There have been no arrests and police are investigating a case of attempted murder and
robbery.

MIDDLE EAST

The Swiss government on Wednesday ordered the freezing of any funds that the
dictator Muammar Gaddafi and his family could have on the Swiss banking system.
The decision takes effect immediately and will run for three years, said in a
statement the Ministry of Foreign Affairs.
He explained that this measure will prevent any risk of diversion of public funds that can
be found in Libyan Swiss territory.
This is the third freezing of funds in Switzerland in recent weeks in connection
with dictators in the Arab world, following similar measures taken after the fall of Hosni
Mubarak in Egypt and Zine El-Abidine Ben Ali in Tunis.
In both cases the freezing of bank accounts directly affected them and their families and
their government officials who held key positions.
Both former presidents have funds in Switzerland and in the case of Ben Ali of
the Swiss authorities have confirmed already found tens of millions of dollars in Swiss
accounts, which must be added real estate.
Mubarak regarding the suspected existence of thousands of dollars in bank accounts.
In addition, the Swiss Foreign Ministry paid tribute to "people who risk their lives to claim
their democratic rights," while expressing his condolences to the families of the many
victims of violence against protesters demanding the departure Gaddafi's power.

HEALTH

In a decision handed down yesterday, the United States Supreme Court

has sold out the American people, violated the Constitution and made a mockery
of the rule of law in America by denying parents of a vaccine-damaged child their right to
seek redress through the court system.
"In a 6-2 decision, the U.S. Supreme Court said that parents of vaccine damaged
children have no right to sue vaccine manufacturers even if vaccines kill their children!
"This now confirms that vaccine companies have blanket immunity from all lawsuits in
the USA, and parents can no longer use the law to seek compensation for their children
who are damaged by vaccines.
"The U.S. government, in essence, has legalized medical violence against children
CON: 'For the greater good, one death is justified.'
"Justice Antonin Scalia said the high court majority agreed with Congress that
these side effects were "unavoidable" when a vaccine is given to millions of children.
"By a 6-2 vote, the court upheld a federal law that offers compensation to these victims
but closes the courthouse door to lawsuits."

HEALTH- Herbalist – Wendy Wilson

DIETS – R.I.P.
Spring is just about here and many think about new bathing suits and light or frilly new
clothes. Shopping for clothes will remind us of the extra few pounds we want to get rid
of. What happens when you have at least 10% of Americans eating the wrong foods?

26
Bad habits can influence others and you end up with 66% of the entire US population as
overweight or clinically obese. Before the fad diet buries you, you need to burry the diet.
The problem with being overweight is how you eat and what you eat. Be like Spock and
mind-meld that thought. When you change your thinking you will change your behavior,
otherwise frustration and denial are part of your future because diets have a 5% success
rate over a five-year period and 3% gain all the weight back.

THE CHALLENGE

Some of us feel that it is easier to tell a mountain to move then it is to lose weight and
keep it off. Statistically only 5 people out of 100 that diet succeed at keeping the weight
off. TV is full of weight loss shows in which the participants nearly always gain the weight
back within the first twelve months. If you have acid reflux or heartburn it seems more
difficult to drop the weight and it is the extra weight around the middle that contributes to
the reflux and heartburn. If you suffer from these symptoms, studies show that the
slightest weight loss improves symptoms of reflux and heartburn by 10%. On the flip
side, moderate weight gain on normal-weight individuals can cause reflux symptoms.
Adding 10-20 pounds around the abdomen puts pressure on the stomach and pushes
food up to the top of the stomach.

QUICK WEIGHT LOSS

Everyone likes instant gratification – that’s why girdles were popular. Today people have
too many pounds for the girdle and they are not comfy to wear. Now it is the full-body
undergarment made of bamboo fibers. I hear bamboo is as sturdy as a human bone. It
would have to be to reduce someone’s appearance by 10-20 pounds. The quick weight
loss diets are popular but not healthy. They don’t promote healthy eating and
metabolically they make it more difficult for the body to shed weight in the future. Once
you gain the weight back the body’s famine feature takes over and resists the body from
shedding the weight again. Why? Because you reduced your nutritional stores in the
body on the quick-fix weight loss and the body feels threatened. Now it is going to store
fat and you can’t figure out why the diet isn’t working. Also, dropping weight too fast isn’t
smart. It will reduce the muscle mass and protein in the body and reduce the calories
you can burn. Your body will also have difficulty maintaining some basic body functions.
Also when you begin to pick up weight again it will come back on the body as fat.
Therefore, diets and diet products can do more harm than good.

HIGH ON PROTEIN, LOW ON CARBS

The high protein, low carbohydrate diets are the main fad diet of our century. Are these
diets healthy and do they work to help you keep the weight off? Our bodies like protein
for fuel and this seems like a good idea as a diet. When our body converts the protein it
produces nitrogen. The body must remove the nitrogen from the body through the urine.
Too much nitrogen in the blood is toxic. Therefore, these high protein diets sound
healthy but they overwork the kidneys and folks with renal problems cannot tolerate this
kind of diet. Also, long-term studies of this kind of diet have not been done. Typically this
diet will lower calories through forced portion size and is the reason that nearly 100% of
those on this diet will gain the weight back. Just remember that if you burn off what you
take in, you can manage your weight. If you drive a desk at work it is doubtful you will
burn 1200 calories between lunch and dinner. The average takeout food is about 1000
calories (minus a beverage). If you are a professional dancer, you will burn 1000 calories

27
in 60 minutes. The point is, regardless of where your calories come from if you take in
more than your burn you will store fat.

DIET-FREE TARGET FOODS

Weight loss will come naturally and proportionately for your metabolism when you target
the right foods. Focus on foods with live-enzyme nutrition. Uncooked foods will have
these enzymes, fiber and will provide nutrition to give the body fuel and you can burn off
the fat. You will feel full but without the empty calories. Use more complex carbohydrates
that don’t convert to sugar as readily (i.e.: brown rice instead of white rice). Also, more
fruits and vegetables in the diet will help with the heartburn and reflux. If you can resist
the slick advertising on diet products you can resist falling back into bad eating habits.
Make your lifestyle your diet and not a diet your lifestyle.

WEIGHT LOSS HYPE

Be selective and research your supplement options for weight management. Just about
everyone has heard the ad in national media for the product Ever Cleanse. It is
advertised as a colon cleanse to help you lose weight in an un-Godly short time. Do your
homework on any supplement. The Internet makes it easy to do research and get the 9
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culture) and bioengineered cultures such as bulgaricus. Also included are cellulose,
magnesium stearate and silica (oxide of silicon chemical). Not a whole lot of what I
consider healthy ingredients to properly cleanse the colon and it costs $99.00 before
shipping costs.

YOUR OPTIONS

Your lifestyle will be your biggest and most successful tool in managing a healthy weight.
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http://www.thepowerherbs.com and type in “Prostate” in the search box or for more
information or call 866-229-3663, International 704-875-8010.

WENDY WILSON’S HERB TALK LIVE RADIO SHOW & ARCHIVES - Herb Talk Live is
Internet streamed on www.gcnlive.com every Saturday 7-8:00 a.m. EST. Weekly short-
wave; Thursday 4:00 p.m. rebroadcasts at 11:00 p.m. on WBCQ 7.415, American Voice

29
Radio (pod cast, DSL, satellite) Tuesday & Thursday 7:00-8:00 p.m. EST. Radio show
archives at http://www.thepowerherbs.com. Be well – Herbalist, Wendy Wilson

OUR VERSION OF THE ECONOMIC STIMULUS – Apothecary Herbs is offering 15%

off your total order before shipping when you print off your shopping cart order online or
fill out the catalog order form and mail in your order with your check or money order. Get
prepared, healthy and save – what could be better than that? International orders can
send an International Money Order and save 15% before shipping. Apothecary Herbs,
P.O. Box 918, Huntersville, NC 28070 USA.

US – LETTERS
From a Fellow Subscriber to his daughter

Erica – At the age of 67 I have probably lived 90-95% of my life. What Obama does or
does not do will only affect a minor portion of my life. You at 36 are in a very different
situation. You will live through and experience the consequences of his term. People
will eventually figure out that Obama is not just George Bush’s third term but is
attempting to destroy white Christian civilization with its standard of living and values. All
of his smooth talk is just that. Things will become so bad however, that even with
Oprah’s excuses, no one will be able to deny it.

The spending is uncontrolled and for non-unproductive items. The stimulus bill will only
stimulate unemployment and inflation. We are a nation of unproductive people ---
government workers, health care, welfare recipients, media and advertising, military and
police, so called service workers. Who is creating wealth that will pay for the society?
The engineering, scientific and construction businesses are obsolete and have become
unnecessary. China is creating the wealth of the world and will become dominant,
financially as well as militarily as a consequence.

The administration is favoring a national debt over 1.4 trillion with no intent to ever
stabilize it or reverse its course. Soon the interest alone will equal the GNP of the
country. Watch the price of gasoline and petroleum products, milk and bread. Obama’s
ideas on energy for example are disastrous. We are taking corn, in the form of ethanol,
and burning it in gasoline engines. Soybeans are used to make bio-diesel and we do
the same thing in diesel engines. Ethanol and Bio-diesel producers receive subsidies of
$0.45 and $1.00 per gallon for this insanity. The prices of food are going to go crazy this
year. Corn, presently at $7 per bushel, is the primary feed of cows, hogs, chickens and
horses. Obama and all of his energy ideas as well as funding are simply insane. The
same goes for nuclear, wind and solar. I am not an expert on Health issues but energy
is my specialty.

Bill Clinton signed NAFTA. Obama not only will not try to undo this monstrosity, he
praises Clinton and has his whore wife as Secretary of State. There is not going to be
any recovery. None is planned. The productive industrial capacity of the United Sates
is finished. We are a so-called service, information society. All of the service,
information societies that have ever existed are poor, uneducated and the trash of the
world. Pensions as we have known them are a thing of the past. Social Security will
follow their lead.

30
Obama has continued the 911 lies as a partial justification for the continuation of the war
in Afghanistan. The US has been there for at least 10 years with no “victory” in sight.
The victory will be for the New York bankers who collect billions in interest from the
massive US debt however. As the bankers become richer and richer with their million
dollar bonuses etc. let the IRS steal more from the American public. They deserve it for
voting for the communist lawyer alien Obama. When the American public led by white
women, voted for Obama, no one told them that they were voting for no future for their
children and grand children. If it takes an economic collapse to wake up the American
people from their ignorance and slumber, bring it on.
Dad

US – LETTERS

From a Fellow subscriber:

Just, an update, Bob. The public schools have been told to start writing the layoff
notices. Democrats filibustered through the night at the Capitol. The governor says
layoffs for state workers will start next week and the unions are getting ready for a
statewide strike then. The National Guard is being prepared to be prison guards for
when the corrections officers go on strike.

A pal in the trades who was protesting yesterday with the fire fighters was told the police
do their shift at the Capitol, then go home and change into civilian clothing and come
back to protest themselves. There is a reference to the police protesting in this article
from today:
http://host.madison.com/wsj/news/local/govt-and-politics/article_b4afc926-3eef-11e0-
b14f-001cc4c002e0.html

Best,

From a Fellow Subscriber:

Bob; I have a savings account at Arizona State Savings. When I was at the Savings
bank, this customer brought in a box full of coins in the wrappers. The teller said we no
longer except coins like that any more because we have no one to pick them up. You will
have to put the coins in this machine around the comer. Those machines charge people
Bob. I went to the granddaughter and suggested to go to her bank that she has a
checking account with. The granddaughter said the coins belonged to her grandmother.
The granddaughter told me that she herself has an account with Chase bank and that
Chase does the same thing. Bob not only are the banks forcing we the people to pay for
there own bad loans, know they are charging us for coins (not gold or silver) but regular
quarters, dimes, nickels, and penny's that we have saved.

From a Fellow Subscriber:

Hi Bob,

I wanted to let you know that I was able to “rescue” some money out of my 401K
via a Hardship Withdrawal. My 401K plan allows for Hardship Withdrawals for the

31
“renovation of my primary residence”. The plan participant must already have an existing
401K loan and must have a loan refusal in writing from a bank. I had those two items in
place. Then, I simply got estimates for a few things (new Central Air Conditioner/Heater,
new flooring, new windows, and a new main circuit breaker), filled out the simple
Hardship Withdrawal application form, and mailed everything to the 401K Plan
Administrator. Within 2 weeks I had a check in hand. Of course, the withdrawal is
subject to taxes and a 10% penalty. I was allowed to have them take out the taxes and
10% penalty money over and above the money that I was asking for so that I actually
received a check for the money that I asked for. I call that a bargai n! Also, I can send in
as many Hardship Withdrawal requests as I desire as long as the bank loan refusal letter
is no more than 6 months old. Finally, note that only estimates were required – not
receipts of work already completed. Of course, I assume that the Mafia – oops – I mean
the IRS can audit me for this at any time. So, I will obviously have the house renovation
performed. I hope this helps people who may be trying to rescue their money from their
401K and are not aware of this possible option.

Thank you for your financial advice that you provide to your subscribers, and for the
advice that you provide freely over the radio on your many hours per week of interviews.

From a Fellow Subscriber:

99% PLUS OF HUMANITY HAS THE INTELLECTUAL CURIOSITY OF A

ROCK. BELIEVERS IN REINCARNATION, ASTROLOGY, MYSTERY RELIGIONS,
AND OTHER SATANIC NOTIONS WERE A SMALL GROUP 50 YEARS AGO.
MASONS, ROSICRUCIANS, BUDDHISTS, SHINTO, CONFUSCIANISTS,
ASTROLOGISTS, AND MYSTERY RELIGIONS OF THE ORIENT WERE A SMALL
PART OF AMERICA.
EACH PASSING YEAR FOUND THEIR RANKS GROWING. IN 1967 THE
MUSICAL "THE AGE OF AQUARIUS" WAS A HIT ON BROADWAY AND YOU
SUDDENLY SAW CRYSTALS BECOMING POPULAR. PEOPLE TALKED ABOUT
THE NEW AGE ON THE RADIO, TV AND IN COFFEE SHOPS. POPULAR BOOKS OF
THE 1980'S WERE "THE CAPTAINS AND THE KINGS" AND "THE AQUARIAN
CONSPIRACY". THE BOOKS BROUGHT MORE AND MORE CONVERTS INTO THE
NEW AGE MOVEMENT.
CONSTANCE CUMBEY AND OTHER CHRISTIAN WRITERS WROTE BOOKS
EXPOSING THE DANGERS OF THE NEW AGE MOVEMENT. THESE WRITERS
WERE DESCRIBED BY MAINSTREAM RELIGION AND MEDIA AS KOOKS.
MOST CHRISTIAN AND HEBREW RELIGIOUS GROUPS INVITED THE NEW
AGE INTO THEIR BELIEF SYSTEM. SEMINARIES NO LONGER TAUGHT THE
STUDY OF SCRIPTURE. PSYCHOLOGY AND NEW AGE BABBLE ARE THE MAJOR
COURSES OF STUDY.
UNIVERSITIES ARE NO LONGER EDUCATORS. THEY ARE DIPLOMA
MILLS. THE TEACHING OF ETHICS, STANDARDS, RULE OF LAW, HONESTY AND
DECENCY IS FORBIDDEN. THE UNIVERSITIES FIND THE INDOCTRINATION
PROCESS TO BE INCREDIBLY EASY BECAUSE THE SAME GARBAGE HAS BEEN
INSTILLED IN STUDENTS SINCE BIRTH.
MY CURIOSITY LED ME TO GO TO CONFERENCES HELD IN BIG CITIES BY
SOME OF THE ABOVE ORGANIZATIONS. IT WAS EYE OPENING AND
FASCINATING. ON OCCASION, THE HAIR ON THE BACK OF MY NECK WOULD
STAND UP. THE NEW AGE MOVEMENT IS ORCHESTRATED BY THE ILLUMINATI.
IT IS OBVIOUS TO ANY PERSON CAPABLE OF THINKING WHO INVESTIGATES,

32
VISITS AND STUDIES THE ORGANIZATIONS PROMOTING THE NEW WORLD
ORDER. HUGE SUMS OF MONEY ARE PROVIDED TO ORGANIZATIONS AND
GOVERNMENTS TO COMPLY WITH THE DICTATES OF THE ILLUMINATE.
THREATS FOLLOWED BY ACTION COMES TO THOSE WHO REFUSE TO
COOPERATE.
FEW AMERICANS NOTICE THAT ALMOST EVERY HIGH LEVEL POLITICAL
HACK IS A DESCENDANT OF A KING -- AND FEWER CARE. THE ILLUMINATE
WANTS TO RETURN THE WORLD TO THE CONTROL OF KINGS WHO SHALL
HAVE ABSOLUTE POWER. THE KINGS SHALL BE DESCENDANTS OF KINGS OF
THE PAST. YOUR LIVING SHALL BE AT THE WHIM OF THE KING AND HIS
HENCHMEN.

ONE POINT THAT FEW OBSERVERS TAKE NOTE OF IS THAT A CONSIDERABLE

PERCENTAGE OF THE ILLUMINATE BELIEVE THE WORLD IS GOING TO END IN
DECEMBER 2012. THEY ARE CONSTRUCTING HUGE UNDERGROUND LIVING
COMPLEXES THAT ARE CAPABLE OF SUSTAINING THEM WITH FOOD, WATER
AND EVERY CREATURE COMFORT. UNFORTUNATELY FOR YOU AND ME, WE
ARE NOT INVITED TO SHANGRI-LA.
LET US NOT EVEN CONSIDER FOR A MOMENT THE CHARACTER,
INTELLECT OR FERVENT BELIEF OF OUR LEADERS, JUDGES, MILITARY, AND
LAW ENFORCEMENT IN THE CONSTITUTION AND THE INALIENABLE RIGHTS
BESTOWED UPON MAN BY GOD. THE THOUGHT BRINGS TREMBLING TO MY
SOUL, MIND AND BODY. DO NOT EXPECT ANY HELP FROM THOSE PUPPETS
OF THE ILLUMINATE.

(Sorry for the Caps)

GOLD - LETTERS

From a Fellow Subscriber:

Hi Bob,

Just between us, I've been reading the prospectus on the Sprott Physical Gold Trust and
discovered the following:

- People can only take delivery of 350 -430oz of London Good Delivery bars or more and
there are many fees attached.

- All redemption payments are in USD only and they even tell you that non-US
unitholders will be exposed to currency risk.

- The gold at the Royal Canadian Mint is NOT insured against loss, damage, theft or
fraud?

- "Under Canadian Law, the trust and unitholders may have limited recourse against the
Mint." Basically, the Mint is a
Crown Corporation and thus may be immune to being sued?

33
Interesting that last year Marc Faber joined the Board of Directors at Sprott, and shortly
after they introduce this
Gold and Silver Trust funds and now the TSX is owned by London?

Just for starters this doesn't sound too good? I'm sure Eric Sprott actually bought all the
gold he said he did but it doesn't really seem like a sound investment?

From a Fellow Subscriber:

Hi Bob:
There is no 1kg bars at the Perth Mint until April, 2011. A friend went in to buy a few kg's
and there is none to be had.

Let your subscribers know.

AUSTRALIA – LETTERS

From a Fellow Subscriber:

Hey Bob,

Your Australian subscribers might be interested in knowing how I was able to get
my "Superannuation" (retirement plan) into physical metal and into my physical
possession. What we need to do is set up a Self managed Super Fund (SMSF), this is
nothing new but the costs associated with setting that up and complying with the yearly
auditing has been prohibitive for many people. Well for $700 a year (first year free)
http://esuperfund.com.au (there may be others, do your own research) was able to do
everything required and gives you a bank account for transferring your super into and a
Comsec account for those who want to own mining stock (ASX). But they also allow you
to own physical metal. You can have up to 4 people in the trust so if you divide the
yearly auditing fee between a few people many will find that you may paying around the
same or less than your paying now in fees for a regular fund. But you have control
of your money, and this is the most important thing. Side note, when I cashed out my
old fund $4k was missing in fees, that's criminal!!! In the time I had the fund I suspect I
made next to ZERO in terms of growing my money with that fee removed!! But in the
end I will have the last laugh, and now I'm stacking my super, I suspect I'll make up that
$4K in one or two good days in the very near future.

ASIA – LETTER

From a Fellow subscriber:

Bob,
Have been catching up on your If’s since we got back from month-long cruise to
Indonesia, Malaysian Borneo, Brunei, Singapore & north Australia. Indonesia will fall
apart because forced migration from Java to relieve population pressure is creating
conflicts on other islands, & other soils aren’t suited to intensive Javanese farming.
Often people have stripes painted on their houses to match their class in society. In
West Timor the day we were there, children had to line the road from 6 AM for the
visiting president. Singapore has increased size by reclamation over 25%, & Raffles

34
Hotel ($980/night for suite) is no longer seaside, but 3/4ths mile from shore. Envious of
Singapore’s entrepreneurial brains, Indonesia & Malaysia no longer sell sand to
Singapore; they buy from Burma. Aussies are happy, open, loud people who have
growing police state, though not as bad as in US. The Japanese bombed Darwin Feb.
19, 1942, just after refugees arrived from Singapore. Later a Japanese company was
paid to clean up wreckage & to keep all metal, including lead people wanted for fishing
sinkers. I doubt Americans would have stood for this. China claims huge tongue of
South China Sea past Borneo & is in dispute with other China Sea claims, which conflict
with each other also. I think the Spratley Islands are the biggest potential flashpoint.
Java itself is an unstable center to Indonesian universe because it has 3 ethnic/language
groups with a Sundanese (west Javan) superiority complex with a strong narcissus-
complex shadow to justify whatever the military does.
Take good care.

AFRICA – LETTERS
From a Fellow Subscriber:

Bob

I just had lunch with a travel industry friend and she mentioned one of her clients often
travels from Colorado to So. Africa for his business. He just returned and was astounded
at how many Chinese he saw there; his business contacts there told him the Chinese
are buying any and every piece land they can get their hands on.
Chinese everywhere buying property. Much buzz about it over there, he said.

US – LINKS

SEN. FEINSTEIN CITED IN HOMELESS VET HOUSING SCAM

http://www.veteranstoday.com/2011/02/22/sen-feinstein-cited-in-homeless-vet-housing-
scam/

Goldman Identifies 3 Big Things That Hedge Funds Are Doing With Their $1.2 Trillion in
Equity Assets
http://www.businessinsider.com/goldman-identifies-3-big-things-that-hedge-funds-are-
doing-with-their-12-trillion-in-equity-assets-2011-2

When Tax-Feeders Revolt

By William Norman Grigg
http://www.lewrockwell.com/grigg/grigg-w196.html

Democrat urges unions to 'get a little bloody when necessary' Rep. Michael Capuano
(D-Mass.)
http://thehill.com/blogs/blog-briefing-room/news/145627-dem-lawmaker-on-labor-
protests-get-a-little-bloody-when-necessary

U.S. Economy Expands 2.8% in Fourth Quarter, Revised From 3.2%

http://noir.bloomberg.com/apps/news?pid=20601103&sid=a2CxmpCCZ83o

Walker Confirms Sham Phone Call

35
http://www.channel3000.com/politics/26966427/detail.html

Wisconsin-Style Bill Hits Florida

http://www.economicpolicyjournal.com/2011/02/wisconsin-style-bill-hits-florida.html

Wisconsin: Ground Zero to Save Public Worker Rights - by Stephen Lendman

http://sjlendman.blogspot.com/2011/02/wisconsin-ground-zero-to-save-public.html

Union Busting in America - by Stephen Lendman

http://sjlendman.blogspot.com/2011/02/union-busting-in-america.html

Max Keiser: "Competition in The Markets is Dead" - Alex Jones Tv 1/2

http://www.youtube.com/watch?v=L6wCu9MQ3aQ&feature=related

Soros Plans New Bretton Woods Conference

http://maxkeiser.com/2011/02/22/this-is-the-happy-period-that-soros-would-like-to-turn-
back-to/

Citigroup Saw Warning Signs, Knew Of Madoff Fraud; Picard Suit Wants $430M
in Damages
http://dailybail.com/home/citigroup-saw-warning-signs-knew-of-madoff-fraud-picard-
suit.html

Justice drops defense of Donald Rumsfeld, Paul Wolfowitz

http://www.politico.com/news/stories/0211/49998.html

The Obama Administration's War on Civil Liberties and Free Speech

http://www.activistpost.com/2011/02/obama-administrations-war-on-civil.html

Pennsylvania Judge Convicted in Alleged 'Kids for Cash' Scheme

http://abcnews.go.com/US/mark-ciavarella-pa-juvenile-court-judge-convicted-
alleged/story?id=12965182

Vital Signs: Media hones in on Koch brothers and Walker's proposal to sell state energy
plants
http://host.madison.com/ct/news/local/govt-and-politics/article_f3c998a8-3ebd-11e0-
9ce0-001cc4c002e0.html

Pyramids of Europe: Interview with "Dr. Sam" Osmanagich Part 2

http://www.forbiddenknowledgetv.com/videos/pyramids/pyramids-of-europe-interview-
with-dr-sam-osmanagich-part-2.html

Another Blow to the US Dollar

http://traderdannorcini.blogspot.com/2011/02/another-blow-to-us-dollar.html
Seattle Business Refuses To Serve TSA Agents

Seattle Business Refuses To Serve TSA Agents

http://www.infowars.com/seattle-business-refuses-to-serve-tsa-agents/

17 Baltimore Police Officers Charged In Extortion Scheme

36
http://baltimore.cbslocal.com/2011/02/23/baltimore-police-officers-arrested-as-part-of-
federal-investigation/

Former CIA analyst beaten up in public meeting presided over by Secretary of State
Hilary Clinton Uh, remember the First Amendment?
http://www.brasschecktv.com/page/1041.html

The Case against Raymond Davis, the CIA's Killing Spree in Lahore
By MIKE WHITNEY
http://www.counterpunch.org/whitney02242011.html

Budget bill passes Wisconsin Assembly; moves to Senate

http://www.cnn.com/2011/POLITICS/02/25/wisconsin.budget.bill/index.html

'Psy-ops' team accused of targeting US senators

http://www.independent.co.uk/news/world/americas/psyops-team-accused-of-targeting-
us-senators-2225126.html

Mosque Makeovers With Your Tax Dollars

http://www.wsbtv.com/video/25764282/index..html

Behind the Arab Revolt Is a Word We Dare Not Speak

http://www.lewrockwell.com/pilger/pilger92.1.html

Bernie Sanders: "It's Clear Bernanke's Magic Money Printing Is Working, It's Just For
Wall St.
http://www.msnbc.msn.com/id/21134540/vp/41496573%2341496573#41496573

Walker To Make No-Bid Sale Of Wisconsin Power Plants To Koch Brothers

http://drudgeretort.wordpress.com/2011/02/23/walker-to-make-no-bid-sale-of-wisconsin-
power-plants-to-koch-brothers/

Former treasurer of mortgage firm pleads guilty to fraud

http://www.washingtonpost.com/wp-
dyn/content/article/2011/02/24/AR2011022407520.html?wpisrc=nl_cuzhead

High Silver prices = greater freedom and democracy for the global rebels fighting the
global banking terrorists
http://maxkeiser.com/2011/02/25/high-silver-prices-greater-freedom-and-democracy-for-
the-global-rebels-fighting-the-giabo/

Keiser Report: Fox News Boo Fail (E124)

http://www.youtube.com/watch?v=2hPvRjpRjLg

The Great Depression 1929-1940

http://www.youtube.com/watch?v=9_FFwbcAaI4&feature=related

Former treasurer of mortgage firm pleads guilty to fraud

http://www.washingtonpost.com/wp-
dyn/content/article/2011/02/24/AR2011022407520.html?wpisrc=nl_cuzhead

37
Wisconsin's Spirit: Courage for Other States to Emulate - by Stephen Lendman
http://sjlendman.blogspot.com/2011/02/wisconsins-spirit-courage-for-other.html

Glenn Beck’s Secret

http://www.infowars.com/the-glenn-beck-secret/

John Stockwell: The Third World War

http://www.youtube.com/watch?v=Z9VxnCBD9W4&playnext=1&list=PL89F90268F8DE0
2A8

GOLD – LINKS

REVERSE RAID ON THE CRIMEX - Silver Targets $37 OZ

http://goldharvest.blogspot.com/2011/02/reverse-raid-on-crimex-silver-targets.html

Rich farmers now buy silver bars, not jewellery

http://economictimes.indiatimes.com/articleshow/7552751.cms?frm=mailtofriend

Minefinders Announces 2010 Financial and Operating Results and Provides 2011
Production Guidance and Development Plans
http://www.minefinders.com/Media-Centre/News-Releases/News-Releases-
Details/2011/Minefinders-Announces-2010-Financial-and-Operating-Results-and-
Provides-2011-Production-Guidance-and-Development-Plans1124310/default.aspx

Pretium Resources Inc.: Snowfield Resources Increase

http://finance.yahoo.com/news/Pretium-Resources-Inc-iw-1284700966.html?x=0&.v=1

Silver Bankers May Be Sitting on Big Derivatives Losses and the Fed May Be Funding
Them
http://jessescrossroadscafe.blogspot.com/2011/02/silver-bankers-sitting-on-big.html

Silver Market Hit Hard With Bear Raid - The Infamous Dr. Evil Strategy
http://jessescrossroadscafe.blogspot.com/2011/02/silver-market-hit-hard-with-bear-
raid.html

Huge COMEX Silver Supply Squeeze Developing

http://news.coinupdate.com/huge-comex-silver-supply-squeeze-developing-0695/

From the creator of the talking bears…

Paging Blythe, we hear there are 19,500 silver contracts standing still, paging Blythe
http://silvergoldsilver.blogspot.com/2011/02/paging-blythe-we-hear-there-are-19500.html

The Goldsmiths, Part CLXXXII

http://news.goldseek.com/GoldSeek/1298617440.php

EUROPE – LINKS

Defiance over Greek fee hikes spreading

38
http://www.boston.com/news/world/europe/articles/2011/02/23/defiance_over_greek_fee
_hikes_spreading/

Greek riot police, protesters clash during strike

http://hosted2.ap.org/APDefault/*/Article_2011-02-23-Greece%20Financial%20Crisis/id-
1d835ef5ecad472f87a4ad0ee478960a

Petrol bombs & tear gas: Greek police clash with anti-austerity protesters
http://www.youtube.com/watch?v=fI-YxjVGpVQ

ENGLAND – LINKS

True extent of NHS job cuts revealed

http://www.telegraph.co.uk/health/healthnews/8341737/True-extent-of-NHS-job-cuts-
revealed.html

NHS cuts: the top 25 worst affected areas

http://www.telegraph.co.uk/health/healthnews/8341208/NHS-cuts-the-top-25-worst-
affected-areas.html

Pensions and health care pledges put UK at 'extreme risk' of another economic crisis
http://www.telegraph.co.uk/finance/economics/8340975/Pensions-and-health-care-
pledges-put-UK-at-extreme-risk-of-another-economic-crisis.html

Bundesbank chief opposed to new bailout for Ireland

Outgoing chief Weber says worst is still to come for indebted nations
http://www.independent.ie/business/european/bundesbank-chief-opposed-to-new-
bailout-for-ireland-2551819.html

AUSTRALIA – LINKS

Gillard flip-flops on carbon tax

http://www.3aw.com.au/blogs/3aw-generic-blog/gillard-flipflops-on-carbon-tax/20110224-
1b6nw.html

MIDDLE EAST – LINKS

More than 100,000 demonstrate in Bahrain

http://www.boston.com/news/world/middleeast/articles/2011/02/23/more_than_100000_
demonstrate_in_bahrain/

Horrifying video from Libya mercenaries in Benghazi entering homes & shooting people
http://www.youtube.com/watch?v=2ryVGGhI4Gg&feature=feedu

Please help us, my good friend Tony Blair: Gaddafi's son asks for former PM's help to
'crush enemies'
http://www.dailymail.co.uk/news/article-1360472/Libya-Gaddafis-son-asks-Tony-Blairs-
help-crush-enemies.html

39
'Gadhafi may use chemical, biological weapons against Libya unrest'
Speaking to Qatar-based broadcaster Al Jazeera, Libya's former minister says
beleaguered dictator may turn to the country's estimated 9.5 tons mustard gas stockpile.
http://www.haaretz.com/news/international/gadhafi-may-use-chemical-biological-
weapons-against-libya-unrest-1.345603

KISS EGYPT’S REVOLUTION GOOD-BYE

After the ecstasy of revolution, the Bankers quietly begin carving up Egypt and North
Africa http://21stcenturywire.com/2011/02/25/kiss-egypts-revolution-good-bye/

HEALTH – LINKS

Genetic Engineering: Scientists warn of link between dangerous new pathogen and
Monsanto’s Roundup
http://www.globalresearch.ca/index.php?context=va&aid=23303

Monsanto Shifts ALL Liability to Farmers

http://www.morphcity.com/home/94-monsanto-shifts-all-liability-to-farmers

What's in YOUR water?

http://www.brasschecktv.com/page/1038.html

Emergency! Pathogen New to Science Found in Roundup Ready GM Crops?

http://www.i-sis.org.uk/newPathogenInRoundupReadyGMCrops.php

NEXT ISSUES
Every Wednesday and Saturday during March 2011

40