THE INTERNATIONAL FORECASTER
George W. Bush: ruthless, corrupt, untrustworthy, close-mind
Thu Feb 5 18:37:32 2004
64.140.158.62

In the words of Harvey Wasserman on "How Bush Can Be Beaten,"

"George W. Bush is still George W. Bush: ruthless, corrupt, untrustworthy, close-minded, authoritarian, inarticulate, intellectually challenged, programmed, cynical, dishonest, violent and a draft dodger." We both agree that the corporate capitalist plutocrats who are backing George are going to be heavy losers. Heavy enough perhaps to bring down the prevailing fraudulent usurious money system of Wall Street, the FED, the City of London, the Bank of England, all the way through to your local bank branch with them.

Several issues back we made reference that Mr. Bush and his neocon cabal was beginning to make the case for imprisoning or possibly executing members of Congress who oppose the war in Iraq. The trial balloon went up in a late December issue of Insight Magazine an appendage of the Washington Times. Without getting into all the details, the precedent being used is Lincoln’s policy of arresting treasonous federal lawmakers. In Lincoln’s lexicon any Congressman or Senator who disagreed with the war was arrested and tried before military tribunals and could if found guilty be exiled or hanged. A "saboteur" was anyone who disagreed with Lincoln. Mr. Bush terms anyone unpatriotic should be subject to the same harsh justice or what he views as justice. Lincoln had all his political adversaries and opposition editors arrested. Taking Lincoln’s madness as a foundation George simply wants to build upon it. Mr. Bush has gone much further then Mr. Lincoln. Mr. Bush’s predecessors set up US military bases on almost every continent and country. Plus, he has at his disposal many secret bases. Today’s telecommunications allows him to monitor enemies, potential enemies, friends and now American citizens, every time they telephone, fax or e-mail. Then there are the willing suppliers to the military of everything you can think of. Our foreign bases alone are worth over $113 billion. We mention this because these are Mr. Bush’s cronies. Their wealth or growing wealth is part of Mr. Bush’s power syndrome. If you oppose George W. Bush you had best be prepared to go into hiding because he takes no prisoners. Well, George, neither do we.

Congress had plenty of time to investigate Monica Lewinsky’s infamous blue dress, but no time to investigate a Bush Administration that was complicit in the greatest scandal in history, 9/11. Chief UN weapons inspector David Kay has admitted that Saddam Hussein did not possess WMD or means to create them. The ruse that Saddam Hussein aided Osama bin Laden is a fiction. Moreover, it was Osama bin Laden who aided the Bush neocons. The gravity of presidential malfeasance is unparallel in our government. At stake is the future of our entire nation. If we do not impeach George W. Bush we will pay dearly, because if you do not proceed against him our constitutional safeguards will be gone and our national security will have become our enemy. All other scandals motivated by greed and the lust for power are minor to this deception. This man has brought us to war by deception against an enfeebled country that had no significant, chemical, biological or nuclear weapons programs or stockpiles. The evidence is all in and George W. Bush is guilty yet our elected representatives are unwilling to act. We suggest that they be replaced with people who are not bought off and will move to impeach President George W. Bush.

George Soros and Robert Rubin are going after George W. Bush with both barrels. They are advocating a rollback in the Bush tax cuts. They say government budget deficits could lead to a crisis of confidence in the dollar, bonds, the market and real estate. Unfortunately, they are right and they are attempting to precipitate those crises. Soros and Rubin are every bit as evil as Mr. Bush, but if anyone can take him down they can. This is the kind of battle we predicted years ago, when our intelligence told us that there was a major falling out coming if Bush invaded Iraq. You are now seeing that fight move to the serious stage. If the European Black Nobility cannot stop Mr. Bush and he gets elected, he’ll be assassinated by them. Then they will have someone to blame the economic collapse on. It will be classic to see these two take on the Working Group of Financial Markets the Plunge Protection Team. Can you imagine we may be saved as a nation by the European Illuminati? Their first move will be to make sure European interest rates are not allowed to fall. If that doesn’t happen gold will get much stronger in euros, which will propel the gold price higher.

FED policy makers unexpectedly dropped their commitment to hold interest rates low for a considerable period. The result was interest rates rose and gold, silver and shares remained mixed as the gold cartel suppressed prices. The following day the gold cartel elitists attacked gold and silver.

Those waiting for a dollar rally and a correction in gold to the $370 to $390 level will be very disappointed. What these erstwhile traders forget is that the dollar is not the only reason gold goes down or up. One of those reasons is the tremendous physical off-take of gold is causing gold to be no longer traded or treated like a commodity but as an alternative form of money or wealth. The machinations of the FED and other central banks can now only affect the dollar and the rise in gold in a temporary way. Of course, you have the Japanese massively buying dollars every day, which guarantees the collapse of their depressionary economy. As more investors realize the terrible situation world finance is in the more people will be gold buyers, because it’s always been the only real money and the ultimate store of wealth.

Not a day passes as we research through over 300 pieces of data a day that we do not see another article on outsourcing or a transnational corporation moving manufacturing or production offshore. Probably the most galling is the technology worker who has to train his replacement before he leaves for his new job as bagger at the supermarket or helper at McDonalds or nothing a void. Forrester Research predicts that 3.3 million US jobs that now pay combined wages of $136 billion or $42,000 a year each will transfer offshore over the next 10 years to China, India, the Philippines, Brazil and South Africa. Opponents of such off shoring were happy to see that in the Omnibus Appropriations Bill just signed into law included the Thomas-Voinovich Amendment, which forbids certain segments of government to use foreign companies when outsourcing some government work. Unfortunately, it only lasts for one year, but already factions on both sides are preparing for battle. As we predicted earlier the transfer of businesses and jobs offshore will be the major campaign issue in the coming election. That and immigration amnesty could get George W. Bush and many Republicans and Democrats defeated. Most major international corporations want off shoring as well as Wall Street and international bankers. Ninety-eight percent of Congressmen and Senators have yet to address the most important election year issue; they don’t even have a position. The issue is so serious that the only way it can be addressed is by using protectionist legislation. Those in congress who disagree should then be shipped to work in Bangalore, India or some such place. The real answer is to get everyone to E-mail, call and fax those public servants and tell them how important this issue is to you and your country. Do we all want to live in the same lifestyle of India or China? We don’t think so. If government does not protect US technology then microelectronics will follow manufacturing from the US into oblivion and with it goes our edge in technology and our entire way of life. Nobody seems to get it. In ten years, America will be a second world country living in depression and poverty. No matter how cheap the goods, if America has 30% unemployment as a result, there will be few buyers.

The Senate passed a bill to reduce by $96 billion the payments companies will have to make into their pension plans this year, which makes the problems of 2005 even worse. It is incredible the legislation passed 86-9. How can they be so dumb? If the market goes down and interest rates rise almost all pensions will go under. They tell us companies are suffering. They should have been putting money away for pensions in bonds instead of gambling in the stock market and massively under-funding their programs to fatten their bottom lines. All these plans, they supposedly are saving, will go under anyway. Last year the PBGC, Pension Benefit Guarantee Corp, which insures 44 million people in more than 31,000 defined benefit plans with your tax dollars, bailed out 152 bankrupt single-employer pension plans covering 206,000 people, and it is running a deficit of $11.2 billion. Last week it took over the plan of a bankrupt North Carolina Construction Company with 6,300 workers and assets of $95 million and liabilities of $215 million. This is happening once every two weeks. The legislation is just another corporate handout, which labor is all for.

Sears and Roebuck will phase out its pension plan, eliminating most stock options and reduce bonuses to help it become more competitive. Sears also intends to end health care coverage for future retires. That is another 225,000 workers getting screwed again. CEO Alan Lacy took his though. He received $2.8 million in salary and bonuses in 2002 up 78% from 2001. This is what is known as corporate greed.

Pittsburgh is a cash strapped city with a declining population, which is on the break of bankruptcy. Pittsburgh agencies owe $1.5 billion to bond investors or $4,500 per resident. The residents will now, as a distressed city, get hit with a $140 million tax increase. By 2007, the city will lose $100 million a year unless it cuts expenses. Mayor since 1994, Tom Murphy, tried to spend the city’s way out of trouble and it failed miserably. Debt payments consume 25% of the budget. Why does Pittsburgh have these problems? The answer is foreign steel subsidies and free trade and globalization. Pittsburgh is a life picture of what is going on all over America and if it is not stopped our country will be ruined.

TV executives and anchormen had a meeting with Fatherland Security Secretary Tom Ridge, to discuss how they will manage the news when they cover the next terrorist attack. For those of you who have not been watching and listening, William Safire, NY Times columnist has predicted an October surprise attack. The meeting was to agree to keep the public informed of only what they had a need to know and to expect the imposition of martial law, just as General Tommy Franks predicted. We believe immediately after the attack the draft bill will be enacted. From then on its dictatorial government.

Queen Hillary’s No Child Left Behind Act will cost Ohio $1.4 billion more than it received from the federal government for public education. Virginia, by a vote of 98 to 1 adopted a resolution calling Mr. Bush’s signature domestic program "the most sweeping federal intrusion into state and local control of education in the history of the US." The Virginia Senate is considering a similar resolution. Other states, which are about to follow are Ohio, Utah, Minnesota, Vermont, Indiana and North Dakota. Federal education spending is up from $28 to $36 billion over the past two years, but that only makes up 8% of the nation’s overall education spending. The federal government wants to control education but they do not have the money to pay for it. Before long all the states will have opted out.

Paul O’Neil, ex-treasury secretary said, at a meeting of economic policymakers at the Treasury, Alan Greenspan during the height of the 2002 Global crossing, Enron et all accounting scandal said, "there’s too much gaming of the system until it is broke." Obviously, Sir Alan and O’Neil believe that corporate executives were not playing fair. They weren’t reporting what was actually happening at their companies and Sir Alan thought the whole system upon which this nation’s economy is built was crumbling. Executives are crafting their numbers – i.e. lying. After all the scandals corporate heads are still cooking the books.

The cost of employing a US worker increased a modest 0.7% in the fourth quarter and the bulk of those costs were for fringe benefits. It was the slowest increase in the employment cost index in seven quarters, which bears out our contention that wages are falling as inflation runs at 7-1/2%. For all of 2003 total employment costs increased 3.8%, with benefit costs up 6.3% and wages 2.9%. Those total costs were up 3.4% in 2002. The administration keeps telling us employment is going to increase, but it doesn’t, unemployment has stayed almost the same for a month and this is supposed to be a recovery. Private industry employment costs rose 4%, with benefits up 6.4% and wages up 3%. State and local government workers costs rose 3.3% and 6.1%. Wages in banking, finance, insurance and real estate was up 14.3%.

The SEC says CEO John Ballen of Massachusetts Financial Services and another officer could be temporarily barred from the industry due to trading scandals.

Briggs and Stratton tells us it has evidence that 22,000 jobs across 14 states could be lost if California adopts tougher emissions standards for small engines. B&S senior VP says California is attempting to impose unreasonable standards that force us to consider moving operations overseas. The Diane Fienstein’stein’s of this world and other elitists are driving companies out of our country.

Freddie Mac says the average 30-year mortgage rate was 5.68% up from 5.64% last week. The 15-year was 4.97% up from 4.95%. The MBA’s index of mortgage loan applications decreased by 5.2% to 868.9 from 916.1. The purchase index decreased 10% to 457.6 from 501.6. The refinance index was lower 0.9% to 3296.7. The refinance share increased to 58.5% of total applications from 57.7%.

If Bonesman John Kerry is elected you can expect the White House to be run like the court of Louis XIV. John is not only a gigolo but considers himself a European aristocrat and fervent illuminist. Of course, he wants to see the national sovereignty of all nations ended and their governments controlled by a UN one-world government. The elitists give us such wonderful choices.

Looking back we see that Defense Secretary Donald Rumsfeld announced only weeks after 9/11 that the war on terror would last decades and five months later Secretary of State Powell said that the war on terrorism may not be finished in our lifetime. Then Fatherland Security Director Tom Ridge said the threat of terrorism is a permanent condition, to which this country must permanently adopt. The elitists will have us in a condition of perpetual war for perpetual peace for years to come and the wealth will be continually drained from our citizens into the pockets of Bush and his elitist cronies. This will be accomplished by borrowing and inflating. Every time a bond comes due, another is created at higher interest rates. Pax Americana is being built on debt much in the same way the British Empire was built, to say nothing of the sacrifices and death of its citizens and subjects. It is perpetual debt for perpetual empire. If George W. Bush is reelected we can expect current government debt to go from $7 trillion today to $10 trillion and overall debt liabilities to rise to $55 trillion just over the next four years. The majority of debt is short-term, so as interest rates move higher, the service grows more onerous. There is now little hope of avoiding renewed recession next year no matter who is elected president.

We have never seen such disinformation coming from the FED. Kansas City’s FOMC voter, Tom Hoenig urges when job growth accelerates, interest rates should rise to forestall inflation. If he has half a brain he knows employment is not going to increase and that inflation is 7-1/2% not 1-1/2%. Then Governors Bernanke and Gramlich agree rates should stay low until prices actually start to rise. Those men don’t live in Mars, they live in America and they are

• (Cont'd) We have never seen such disinformation — THE INTERNATIONAL FORECASTER, Thu Feb 5 18:42
• (CONT'D) The lack of corporate an insider buying — THE INTERNATIONAL FORECASTER, Thu Feb 5 18:47
• Bank Secrecy Act - AML/PATRIOT Act Q&A Archive — APFN, Thu Feb 5 20:35
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