is back.

Friday, January 09, 2009

"THIS DAY OF RECKONING"

-- Obama's Speech on the Economy and Signals of What's Coming
-- Economic Collapse Accelerating
-- Leon Panetta as DCI Scares Me to Death
-- Is the Economic Collapse a Controlled Global Demolition?
-- Mike Ruppert Videos on Sale Again At FTW Site

By

Michael C. Ruppert
(c) Copyright 2009 Michael C. Ruppert. All Rights Reserved

Jan 9, 2009 – It's not possible yet for any world leader to tell people that the collapse of industrialized civilization is coming but it appears as though the Obama administration is preparing to say it… at least from what we can see. (It's going to become obvious soon enough.) What is not known are what secret plans are being made and what contingencies are being prepared for. There are some clues.

As our first Chief Performance Officer, Nancy Killefer is extraordinarily qualified for the job of going through the federal budget line by line and seeing which programs work and which don't,
determining which can be cut to save money. But I believe Barack Obama put her brief to her in a public-consumption version and also in a confidential one that was a bit more direct. It might have sounded something like this: "Nancy I want you to determine in what order we shut down the United States government. Tell us which switches to turn off, in what order, so that we don't shut the wrong things down too soon."

In Thursday's speech the President-elect, in my opinion, began weaning the American people, from their so-deeply ingrained sense of entitlement to wasteful excess. He called this the end of an era of "profound irresponsibility". He set the right tone initially about the gravity of the crisis but stopped short of Peak Oil and the fact that there can and will be no recovery. He chided us for living beyond our means and flatly said that there will be cutbacks in government services. He predicted double digit unemployment. (I see 20% or greater unemployment by January 2010.) He continues to talk about recovery but I'm sure he knows there won't be one. In fact he said that this could be a recovery that it might not be possible to recover from. We are being prepared.

I wouldn't be at all surprised to see a couple of days with 700+ point losses in the Dow over the next ten days to two weeks. The data is just horrendous and it is also becoming torrential around the globe as the Gaza crisis diverts attention.

So we're still waiting to see how the Obama Administration is going to conduct itself. I can pretty much bet that as many as 50-75 new Executive Orders will be announced within 72 hours of the
inauguration. That's going to require some heavy reading on my part. The actions of the administration will tell us much more than the public statements and appointments which have given me grounds for optimism.

In the meantime WHILE EVERYONE WAS WATCHNG GAZA the stories of a global implosion are mounting. -- Europe's economy is contracting at a faster rate than in the 30s. In the meantime the Russian shut-off of European gas supplies is wreaking havoc, especially in the Balkans, the Czech Republic and elsewhere, causing factories to be shut because there isn't enough energy to run them and keep people from freezing. Corporate pension funds in the U.S. are facing serious shortfalls. Unemployment Claims have crashed three state web sites. Every major industrialized nation (including the U.S.) is preparing for civil unrest. And we haven't seen Q4 earnings reports yet.

 

Don't worry, Obama will fix it all. He is of course, "the messiah."

I'm pretty sure that Mainstream Media gets much more Tabloid-ish every day. Sure, the reality is that the US is going through the rough end of a cycle, but it's a cycle nonetheless.

My biggest concern is that the country goes bankrupt, trying to spend itself out of a recession. When's the last time you got a Payraise, simply because you maxed out your credit cards?



(yes, it's oversimplifying, but I thought it was cute.)