Guest Post: From Bad To Worse: The Economy Today, And Tomorrow

Tyler Durden's picture

Submitted by Giordano Bruno of Neithercorp Press

From Bad To Worse: The Economy Today, And Tomorrow

At first, we were told the American economy was a freight train;
invincible. After the derivatives and mortgage crisis began in
2007-2008, we were told the problem was a mere blip in our financial
timeline; nothing to be concerned about. In 2009, we were told that the
recession was over, and that “green shoots” were on the way. Later,
they said we were “turning the corner”, whatever that means. In 2010,
we were told it was time to get used to the “new normal”, which of
course has yet to be clearly defined. Now, at the cusp of 2011, the
year which many establishment economists originally claimed would bring a
bright new era in U.S. employment and finance, it has become clear to
much of the public that we are being deliberately herded with empty
words and false promises towards a very dangerous and uncertain future.

We have discovered that there is no “new normal”. The word “normal”
denotes a certain consistency, a set of rules to the system which are
generally understood, yet we have seen nothing consistent except the
continued downward freefall of our fiscal infrastructure and the end of
anything remotely resembling stability.

I feel quite a bit of empathy and maybe even a little remorse for
those who blindly believed the mainstream nonsense of the past few
years. I can’t imagine being so lost and so utterly disappointed on
such a regular basis. The only good to come out of this dashing of
false hopes is that it has caused many to begin questioning what the
hell is really happening. Why have things only become worse? What
about all the government legislation and stimulus? When is it finally
going to produce the effects that were once guaranteed? In fact, what
are the benefits of ANY action the government or the private Federal
Reserve has taken so far?

Let’s look at financial conditions across the globe and here at home,
and perhaps we can gain a true understanding of the situation before
us, and find answers for some of these questions…

Europe: American Instability With An Accent?

How many times over this summer did we hear about the bailout that
“saved” the EU? About as much as we heard about the bailouts that
supposedly saved America.

In spring, the MSM was warning of complete disintegration of the
European Union. After the Greek bailout, all was suddenly well. The
turnaround in rhetoric was enough to give me whiplash. I’m curious now
as to where all that candy-coated bubbly adoration for European bonds
and the Euro went. When I warned during the “summer of bailout love”
that nothing had changed in the EU accept the media’s coverage of the
problem, this is what I was talking about…

As we have been pointing out for the past two years, the debt default
problems in the EU are not going away, nor are they likely to go away
for quite some time. Greece, for instance, is now under review for yet
another ratings downgrade by the S&P:

All the exuberance over the IMF/EU bailout of Greece this spring was for
naught, as the country continues to falter with no end to their debt
woes in sight. The bailout changed nothing (because bailouts never do).
This lesson in Greece has apparently made no impression on mainstream
media analysts and international investors, who now applaud a similar
bailout of Ireland, and who will probably applaud the bailouts of
Portugal, Spain, and Italy, once it finally becomes evident to the
public that those countries are in equally terrible financial

Credit-default swaps for Portugal and Spain have risen to record
levels as their debt exposure, which has been ignored by the MSM until
this past month, is slowly revealed:

This means that the cost of insuring Portuguese or Spanish debt
securities is becoming untenable. Like a couple of convicted drunk
drivers, the risk of insuring them is tremendous. The likelihood of a
crash is simply too high.

Italian bank refinancing costs are also exploding due to the
unsustainable debt of the government, meaning an expanded credit crisis
is looming for Italians (could this signal a coming bank holiday?):

Ireland and every other EU nation’s response to this disaster will,
obviously, be the implementation of austerity measures in order to pay
off their IMF creditors. Ireland has already announced a possible 20%
cut in overall spending and the simultaneous raising of taxes; a double
whammy for Irish citizens who will now lose many government aid programs
while at the same time losing valuable income out of their pocket:

Countries that find themselves this indebted to the IMF rarely if
ever actually improve conditions enough to pay off their liabilities,
and that is not an accident. Global bankers have no intention of ever
releasing EU nations from their clutches. The debt cycle must go on

The debt crisis across the Atlantic is culminating in a massive
destabilization of jobs markets, which is something we rarely hear about
in terms of Europe. Eurozone nations have hit an overall record high
“official” unemployment rate of 10.1% (double that for the REAL
unemployment rate):

The point? Just under the surface Europe is in a shambles, the Euro
is in almost as much danger as the Dollar, and this development will
come to a head very soon. Already, the EU is moving to enact a
“European Stability Mechanism”, which will effectively divide core EU
nations like Germany and France from ‘peripheral’ countries like Greece
or Portugal:

More fiscally stable nations such as Germany will no longer be
required to foot the bill for those members of the EU that show signs of
default. Even now, Germany is refusing to boost aid to EU bailout

This is something we talked about with great concern at the beginning
of this year, as richer European countries tie their economies to China
and let the rest of the West rot. On one hand, it seems practical for
sovereign countries to protect themselves and refuse to pay for the
mistakes of others. However, the primary point of all of this has been
ignored by the MSM, which is the fact that the EU should never have been
formed in the first place. So far it has resulted in nothing but
calamity for most participating countries. Surely, the IMF will drop
by to pick up the pieces and “save” the union that was never wanted or
needed, after the people are sufficiently desperate.

What this shows is that nearly all of the crises we are confronted
with daily here in the U.S. are also striking Europe; there’s just much
less talk about the EU disaster from local economic analysts.
Regardless of what the MSM claims, Europe as we know it is about to
change dramatically. In the U.S., the metamorphosis could be even more

The Recession That Ate America!

The jobs report from the Labor Department last week underlined the
breadth of the collapse in America. Establishment economists were
heralding the Christmas season as a turning point (yet again) in the
U.S. economy, for jobs, and for sales. Predictions for job creation
ranged from around 150,000 to 400,000 openings. Traditionally, they
would be correct in expecting such a spike in employment, but we are not
living in typical times. The jobs report revealed only 39,000 newly
employed, and being that Labor Department numbers are generally
manipulated, we could safely suggest that almost no jobs were added.
All in the midst of the Holidays, when temporary hiring is supposed to

Now, some analysts are beginning to suggest that the U.S. is heading
“back” into a recession. The problem is that in order to go into a
second recession, we would have to actually exit the first recession
before hand:

Whether or not you believe that we are facing a double dip, or that
we are caught in one long economic death spiral, one must ask the
question: where did all that bailout money go that was supposed to stop
this? Recently, we received a pittance of a glimpse at the Federal
Reserve balance sheet for part of the stimulus program. What little
data was made public was not comforting…

If you thought that stimulus packages from the Fed would actually go
into the U.S. economy, you were greatly mistaken. The largest
recipients of bailout dollars from the Federal Reserve (paid for with
your tax dollars) were FOREIGN BANKS. That’s right, the liquidity
injections that have put the very health of the dollar at risk and
stoked a growing trade and currency war across the planet did not even
go towards the economy in which you live! Overseas banks such as UBS
and Barclays received the largest portion of the $3.3 trillion in
emergency stimulus that was outlined in documentation the Fed was forced
to release due to lawsuit:

Remember, this $3.3 trillion is just what the central bankers openly
admit to. We haven’t even scratched the surface of Fed accounts or Fed
secrecy yet. One factor in stimulus injections that often goes under
the radar is overnight lending. It has been revealed that the Fed has
created at least $9 trillion which was then pumped into major banks over
the course of the past two years. Merrill Lynch alone snapped up $2.1

This brings up another important question: if the major banks have been
privy to so much capital, why aren’t they lending to the public? Maybe
because they are still broke, even after all that Fed liquidity!
Currently, top U.S. banks still face a $100 billion to $150 billion
shortfall according to Basel III rules (again, this is just the amount
that has been admitted):

This amount of capital retention would suggest a ‘deflationary’
crisis, but instead, we have so far witnessed a falling dollar and
rising prices on most goods and commodities. Gold is hovering near
$1420 an ounce as I write this. Silver has broken the $30 an ounce
mark. Oil is flirting with $90 a barrel, and is firmly entrenched above
$3 a gallon, very close to where we predicted during the summer (we
still have three weeks to hit $100 a barrel). Other base goods are
spiking much faster…

The most recent and disingenuous talking point used by the MSM to
explain away rising prices is that it is a result of “demand” by growing
developing nations like China. Below are a couple examples, including
an article which blames rising cotton prices on demand from China, and
rising oil prices on “economic recovery”, which is an unbearable load of
media manure:

Anything to avoid the word “inflation”, and most especially the word
“hyperinflation”. The problem with the demand argument is that while
there is growing need for materials in places like China, this is
certainly not at all the driving force behind the explosion in prices. A
good way to gage this is by examining the BDI (Baltic Dry Index).

The BDI measures the cost of shipping raw materials across the ocean
as well as the amount of goods being shipped. It is one of the few
economic indicators that cannot be manipulated by international banks or
governments. A dramatic drop in the BDI shows a sharp decrease in
demand for global shipping and thus reveals a slowdown in the overall
economy. This is exactly what occurred at the beginning of the credit
crisis in 2007-2008. However, the BDI can also be measured in
comparison with the values of stocks and commodities. Under normal
conditions of supply and demand, if the BDI were to drop (or deflate),
then the value of most stocks and goods should also drop. This has not
been the case, as the below graphs illustrate:

BDI vs. S&P 500

BDI vs. CRB Index

BDI vs. Crude Oil

BDI vs. Gold

BDI vs. Copper

BDI vs. Soy

Now, there have been small deviations in the past between stocks and
commodities versus the BDI, but usually it is the BDI which leads the
deviation, and not the commodities. As the final year of every graph
shows, there has been a significant decoupling of the price of stocks
and goods when compared with the amount of shipping of those goods. To
put it simply; demand is low, all over the world, yet prices continue to
climb skyward at an incredible pace. This suggests to me that we are
seeing the beginning of hyperinflation, mostly in the U.S., and in no
way a recovery.

The main culprit in creating the inflation millstone is, as you
probably guessed, the Federal Reserve. Being that much of the fiat the
Fed throws out is going into foreign entities, we have not seen effects
as pronounced as they would be if all that cash was flowing into our
local markets. This has not, though, stopped devaluation of the dollar
itself, which is the true cause of inflation beyond money supply.

Foreign central banks are all too aware that the Greenback will soon
be history. Treasury auctions are producing dismal results for anything
other than very short term T-bonds, and the Fed is quickly becoming the
ONLY buyer of U.S. government debt:

And, the biggest news of the year, the news that almost no mainstream
outlet in America covered: China and Russia have announced that they
will stop using the dollar for trade between the two countries:

“Wen said Beijing is willing to boost cooperation with Moscow in
Northeast Asia, Central Asia and the Asia-Pacific region, as well as in
major international organizations and on mechanisms in pursuit of a
“fair and reasonable new order” in international politics and the

“Sun Zhuangzhi, a senior researcher in Central Asian studies at
the Chinese Academy of Social Sciences, said the new mode of trade
settlement between China and Russia follows a global trend after the
financial crisis exposed the faults of a dollar-dominated world
financial system.”

Skeptics and disinformation campaigns will likely argue that Russia
is barely in the top ten trading partners of China, and the announcement
is not a threat to the dollar’s world reserve status. What they will
neglect to mention is that China and Russia’s political influence
internationally goes far beyond trade decisions. How long before the
other BRIC nations, India and Brazil, follow suit and drop the dollar
when trading with China? How long before European countries, or even
OPEC nations, join this trend? What you are witnessing today is the
median step before the final collapse of our currency, and when the
history books are written, it will probably be this period that is
singled out as the trigger point for the event.

Get Ready For Weapons Of Mass Distraction

As we have written about many times and qualified in great detail
with page after page of supported evidence, the shell shocked state of
the economy is no accident. The financial implosion is itself a
distraction from the centralization policies of corporate cartels
through organizations like the IMF or the Federal Reserve. But as the
breakdown progresses (and I think we have shown succinctly that it
will), the masses will eventually look for the antagonist of this story.
The elites will have no other choice but to conjure villains from the
ether to divert attention away from themselves and their detrimental
policies. Not to mention, the number of us who understand the criminal
nature of central banks is becoming precariously threatening to the
continuance of those policies.

The Liberty Movement has hit a point of critical mass. The
alternative media is dominating over mainstream corporate news sources.
Our fight for transparency in information is reaching every corner of
the world. Our membership is growing beyond what many of us had ever
imagined possible. Projects such as the ‘Buy Silver: Crash JP Morgan’
campaign have gone effectively viral. Ideas like the popular
purchasing of physical precious metals to counter the COMEX
manipulations and short positions of big banks have been around for a
long time, but in the past couple of years, we finally have the support
base and cultural clout to make them a reality with the fantastic media
reach of men like Max Keiser, Alex Jones, websites like Zero Hedge, and
many others.

The more prominent our movement becomes, the more dangerous we are to
global banks, and the more likely we are to see the enactment of
engineered events designed to fog the battlefield and confuse the
public. The goal of globalists will be to fabricate threats which
appear to be more immediate or more frightening than the power grabbing
schemes of the elites themselves. Imagine you have cancer, but are then
suddenly confronted with a live grenade in your lap. Which problem is
going to receive your full attention at that moment; the grenade, or the
cancer? The dilemma is that both eventually end the same way. This is
how elitists operate; deny people the chance to deal with the long term
threat by diverting them with short term catastrophes.

A new ‘Gulf of Tonkin’ off the shores of North Korea, the release of a
weaponized computer virus into Wall Street trading networks, yet
another attempted or successful terrorist attack with highly
questionable players and suspicious results, or maybe a Treasury dump by
China resulting in a trade or even shooting war. I can’t say where the
punches will come from, but I do know that the hits are on their way.
The state of our economy and of public opinion is reaching a crescendo
and something has to give. The global banks will do anything to ensure
that they are not set in the crosshairs of those people who are forced
to suffer, even if it means throwing numerous innocents into the path of
the oncoming bullets (figurative or otherwise).

At bottom, to fully comprehend the events that are taking place, and
that are about to take place in our economic and cultural environment,
we have to focus on the ignition source. If your house is set on fire,
do you blame the house for burning? Do you blame the fire? Or do you
blame the people that started the fire? I have a feeling the coming
months will be crucial in this regard, and how tomorrow unfolds will
depend greatly on our ability to lock hold of the influential financial
arsonists of today, and never let them go.

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westboundnup's picture

$90+ gas = economic capitulation.

Mr Lennon Hendrix's picture

I have $105.  Potato, potatoe.

Max Hunter's picture

What a downer.. Save me Harry Wanger..

Cognitive Dissonance's picture

Speaking of Harry, where has that critter been the past few days? He should be back from Chicago after selling his wares all last week. Maybe he hit the retail jackpot with his porn remake of "Harry Does Dallas" and decided to spare us for a month or so.

One can dream, can't one?

Dick Darlington's picture

"Harry does Dallas"

Hahahaa, priceless!

Max Hunter's picture

He's here.. I saw him on another thread talking about how manufacturing is up.. LMAO  no really.. he said that..

Iam_Silverman's picture

"I saw him on another thread talking about how manufacturing is up"

Remember, his company specializes in "Hopium".

Demand has never been higher - in fact, they have been importing it in huge quantities (bulk shipments) which may also explain any jump in the BDI.  I think it is then repackaged at the warehouse where he is based out of - so yes, manufacturing may indeed be up in his realm.  For the rest of us?  Not so much.

Crisismode's picture

He's on another nearby thread here, catching his usual quota of junks for mouthing inane and daft prattle.


RunningMan's picture

I don't want to be Harry's champion, but he's just a sales guy. To do that job, one must be a perennial optimist, and honestly we need those people in the world too. That said, I don't think the majority here see the optimistic side of things given how dire the situation is right now.  I am in sales in a way too, but a scientist by training and a pretty big pessimist at the current time. (And, sales are way way down anyway - maybe Harry had better luck).

ringo3khan's picture

Well put.......or it equals a "tipping point".

Ripped Chunk's picture

Good article. Thanks.

billhilly's picture

OT, slightly, but what a statement made by Jim Rickards in his latest King World News interview " BB is more dangerous to the USA than is Osama Bin Laden ".  Well said IMHO.


DavidPierre's picture

Osama Bin Laden is Kaput... Deceased... Dead...  Gone to the great beyond many years ago.  The myth of OBL lives on and on only in the sick minds of the CIA/MSM.

{*damn... I just posted a Thoughtcrime }

'The BS Bernanke' lives on in glory and fame.

{*there...I made up for it.}



wreynol4's picture


sooner or later God's gonna cut benny down...



the not so mighty maximiza's picture

I agree with the articles points. We are all waiting for the trigger.

Bam_Man's picture

The author refers to Federal Reserve discount window credit as "capital" and short-term US Treasuries as "bonds".

Zero credibility.


Victorio's picture

"Which problem is going to receive your full attention at that moment; the grenade, or the cancer? The dilemma is that both eventually end the same way."

It all ends the same way for all of us, that is why there is no reason to fear... Embolden Yourself. Live Riotously. 

MountainMan's picture

Band Dae Ho bitchez.

RobotTrader's picture

Basically, all the bad news is being shucked off.

Consumer retail stocks like Vitamin Shoppe are launching to new, 52-week highs, despite all the massive unemployment, imploding housing, and an outright collapse in the Baltic Dry Index.

RobotTrader's picture

It is becoming increasingly obvious that all the poker chips piled into the bond casinos are leaving in a panic, and 100% of all proceeds are piling into common stocks.


cosmictrainwreck's picture

yeah - that's what Harry The Wanger said, too. How'd the day END, Robo? See ya Wednesday.......

Bicycle Repairman's picture

You look at the day to day picture.  You can't see the forest for the trees.  Is anyone besides the lucky making money trading in this casino?

sharonsj's picture

We're stuffing our faces with vitamins because we can't afford health care!

sabra1's picture

it's cheaper to buy vitamins than to buy food! pass the flintstones please!

Crisismode's picture

Yep. People are eating cheaper (less nutritious) food, and are having to make up the lack of nutrients by purchasing vitamins.


francismarion's picture

Bruno says he knows the blows are coming but he doesn't know what they are. So no matter what happens he can point at the elite as the source.

And he says to look for something in the next few months. How can he miss?

His approach takes in all events and times. Once again, proof that 'I told you so' is the best way forward for a journalist.

Things are in flux. But comparing the price of gold to the BDI?

Other than that a recapitulation of world headlines and a running dialog that seems to confirm, 'everything is everything'.

Hyperventilation or hyperinflation? You decide.

max2205's picture

Huh? Why feel bad. They are up 70% on spx alone

youngman's picture

Live that a word......anyway....I am going to do it....

Victorio's picture

hmmm.  its back to the books for you youngman...

TruthInSunshine's picture

I have said all along that EVERY THING that The Bernank does and has done is/was and for a long time to come will be with the specific goal of flooding banks with as much cash (choose your duration, amount and 'form' with great liberality) as possible, in order to save them from the metastatic cancer they suffer from - asset portfolio thermonuclear destruction.

As these banks incur further losses, with loans souring quickly and underlying valuations of pledge assets rotting, The Bernank knows that only central bank policy - picking winners and losers in terms of who/what gets dope from the Fed - can hope to save the TBTF global banks.

The problem with The Bernank's plans is that velocity & time are not on his side, nor can The Bernank create jobs - and that's the bottom line folks; in a world chock full of cheap, cheap labor, and with widely improved infrastructures and efficient mass shipping of cargo, Americans either have to compete head on, with consequences they won't possibly like (very low wages, benefits and all the rest they're accustomed to), or the U.S. will literally have to 'take out the competition,' which certainly isn't something the elite wish for, as the current situation not only suits their financial and political interests, but has been planned by them (see 'Ross Perot: NAFTA will create a giant sucking sound,' circa 1988; and that was just the start, as we moved on to China's MFN trade status, and so forth).

As the velocity and magnitude of losses increases, creating a vicious and unstoppable negative feedback loop, the consequences of what he is doing will be felt in the 'real economy' with greater pain, making his policies viewed with even more skepticism and vitriol by everyone and anyone deemed not TBTF, and not having the access code to the Fed's discount window or other facilities.

Bernanke is determined to lose, and in the worst possible way. He'll lose the economic AND the political battle, as politicans will feel way too much heat to shelter him or the Fed when the levee breaks.

All of this is a verbose way of saying Bernanke should have allowed for a much larger controlled burn of what should have been NOT too big to fail financial institutions, rather than have a forest fire take then down ultimately anyways, along with trillions in looted taxpayer money.

After all, unlike 1929-1933, The Bernank is supported by other tools not available back then, such as FDIC insurance on bank & MM deposits, which in practice would mitigate heavily against panic bank runs.

I think it's a fair question to ask just whose interests The Bernank truly does have in mind.

There are times, however fleeting, that I want to have empathy on The Bernank, and give him some benefit of doubt, but then, I see his rat-like face, quivering lips telling whopper-sized lies and I know....deep down in my heart and bones...

...that The Bernank is a real piece of shit.

Ben Shalom Bernanke, these lyrics were tailor cut just for you, champ:


If it keeps on raining levee's going to break
If it keeps on raining levee's going to break
When the levee breaks have no place to stay

Mean old levee taught me to weep and moan
Mean old levee taught me to weep and moan
Got what it takes to make a Mountain Man leave his home

Oh, well; oh, well; oh, well.

Don't it make you feel bad?
When you're trying to find your way home you don't know which way to go?
When you're going down south and there's no work to do
And you're going on to Chicago

Crying won't help you, praying won't do you no good
Crying won't help you, praying won't do you no good
When the levee breaks, mama, you got to go

All last night sat on the levee and moaned
All last night sat on the levee and moaned
Thinking about my baby and my happy home

Going - going to Chicago
Going to Chicago
Sorry, but I can't take you

Going down - going down, now
Going down - going down, now
Going down
Going down
Going down

Absinthe Minded's picture

Who the hell would junk a Zep song? They are losers! One of the greatest blues songs ever done and so apropos. We are truly fucked. The crying has not begun yet, but it's coming. There has been signs, This story is just beginning, the end is near. I'm not some apocalyptical, 2012 nitwit. When you add 5 billion to your debt every day there is no fucking way out. Period.

Gringo Viejo's picture

Unlike the author, I have no empathy for the investment sheeple. Last week a radio talk show host in the Bay Area did an hour segment on a possible market sell off due to year end tax loss exiters. The ludicrous plaints I remember best were "stocks for the long haul; after all, they always go up" and the caller that accused the talk show host of "trying to crash the market." Investment Darwinism insists that chumps like these be culled from the herd.

DosZap's picture

Ok, we see the NEWS OF THE FUTURE, where /what do you diversify into (other than Sliver/Gold), to maintain parity?,with Hyperinflation?.

Shameful's picture

Seems like food usually does pretty well. It's something everybody wants, and will do most anything to get. Best part, you can eat it! :)

Return2Sanity's picture

Printing money: Easy
Printing wealth: Impossible
Knowing the difference: Priceless
What's in your wallet?

Absinthe Minded's picture

So simple yet perfect. To think a take on a frickin' Mastercard commercial could sum up the current affaairs of the world.

jmc8888's picture

LaRouche has used a similar terminology in one aspect of this article.

"What the British have to fear from the Duke's remarks, lies not in the content of the words themselves, but in the peculiar ripeness of the hyper-inflationary potential of an oncoming general, global economic breakdown-crisis centered on the British system's presently crumbling imperial monetarist Inter-Alpha Group launched as a replacement for the fixed-exchange-rate system in 1971. Worry about matches captures the mind's attention best when the neighborhood has been set afire."

Yes, the Brits/Banksters will definitely try to distract us.  That's what they've always done.  It's THEIR system that we are ALL a part of, that is coming down.  So let's jettison THEIR system, let THEM go down, and the rest of us, as part of a redux Hamiltonian (American) Credit System survive.

Not hard.  Glass-Steagall is the tool.  Bye-Bye fraudulent paper of all sorts; derivatives, bogus mortgages, etc.


Rhodin's picture

"If your house is set on fire, do you blame the house for burning? Do you blame the fire? Or do you blame the people that started the fire?"

Well for a second you might blame yourself for not building a concrete and steel house with brick siding and a metal roof.  But then, you might reflect that recently the laws of physics were changed so that fireproof buildings spontaneously demolish in the presense of fire!

Of course, as you point out, when you get close to the arsonists, things get more dangerous.  They turn the majik up a notch.  Like the hijacked plane that majically transformed itself into a missle to reach those investigators at the Pentagon.  Any investigator paying attention now knows what assignments to refuse.

Given this, and your excellent post, how do you propose to 'lock on to the arsonists'??






tired1's picture

" Like the hijacked plane that majically transformed itself into a missle to reach those investigators at the Pentagon. "


What do you mean? Sources, please?

KTV Escort's picture

you can start with, then watch Pentagon 911 Eyewitnesses ( ), then watch 9-11 mysteries ( ), then tell your friends to watch them... oh, and your Christian friends, have them watch this one too (part II deals with 9-11) ~

Rhodin's picture

Was working from memory and not trying to prove anything here.  This is not new and, i thought, common knowledge.  Followed 9/11 for awhile, but have no restricted info, ie. everything was online at the time, and i did not save the links.  I am not an investigator, and would not take this on if i were.  I've become convinced that many people refused to believe their eyes that day because the truth was too painfull.

That being said, again from memory,

There were several videos of the damage to the Pentagon available on line, that superimposed a scaled image of the jetliner such that it was obvious (ie damage imprint much smaller) that jetliner did not strike Pentagon.  It is easy to check the scaling. Some of these might still be up.

Initial footage does not show impact where engines or gear would strike and those pieces are not lying about outside in the footage.

Footage from surveillance cameras that should have shown the plane was confiscated by authorities and not released, with one exception. That video, shows explosion only, no plane, and color of explosion is not consistent with fuel/air explosion.  One can see this by comparing it with the impact explosions of the planes on the towers, these are fuel/air explosions.

I am sure the author of the post knows what i am talking about, as do many here.



boiow's picture

yep,  common knowledge obviously a missile.

 when people disagree with me i just say  " what part of your extensive research on the subject do you disagree with? ".   shuts them up.

wiskeyrunner's picture

Guess it's about time for the end of day pump into the close, followed by the overnight float higher, followed by the gap up on the open in SPY tomorrow morning. It's so easy to make money in this market.

Crisismode's picture

That end of day pump isn't looking so good right now.

wiskeyrunner's picture

Remember index futures contract roll over this week. December contract expires next Friday, so expect more overnight ramp ups and slow sell downs as funds unwind there longs.

shushup's picture

If the market rallied because of the tax extension news then the market must not have heard the news that the 99ers are not getting the 13 month extension.