[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Nicotine and Fish

Genocide Summer Camp, And Other Notes From The Edge Of The Narrative Matrix

This Can Create Endless Green Energy WITHOUT Electricity

Geoengineering: Who’s Behind It and How We Stop It

Pam Bondi Ordered Prosecution of Dr. Kirk Moore After Refusing to Dismiss Case

California woman bombarded with Amazon packages for over a year

CVS ordered to pay $949 MILLION in Medicaid fraud case.

Starmer has signed up to the UNs agreement to raise taxes in the UK

Magic mushrooms may hold the secret to longevity: Psilocybin extends lifespan by 57% in groundbreaking study

Cops favorite AI tool automatically deletes evidence of when AI was used

Leftist Anti ICE Extremist OPENS FIRE On Cops, $50,000 REWARD For Shooter

With great power comes no accountability.

Auto loan debt hits $1.63T. 20% of buyers now pay $1,000+ monthly. Texas delinquency hits 7.92%.

Quotable Quotes from the Chosenites

Tokara Islands NOW crashing into the Ocean ! Mysterious Swarm continues with OVER 1700 Quakes !

Why Austria Is Suddenly Declaring War on Immigration

Rep. Greene Wants To Remove $500 Million in Military Aid for Nuclear-Armed Israel From NDAA

Netanyahu Lays Groundwork for Additional Strikes on Iran: 'We Didn't Deal With The Enriched Uranium'

Sweden Cracks Down On OnlyFans - Will U.S. Follow Suit?

Joe Rogan CALLS OUT Israel's Media CONTROL

Communist Billionaire Accused Of Funding Anti-ICE Riots Mysteriously Vanishes

6 Factors That Describe China's Current State

Trump Thteatens to Bomb Moscow and Beijing

Little Bitty

Vertiv Drops After Amazon Unveils In-House Liquid Cooling System, Marking Pivot To Liquid

17 Out-Of-Place Artifacts That Suggest High-Tech Civilizations Existed Thousands (Or Millions) Of Years Ago

Hamas Still Killing IDF Soldiers After 642 Days

Copper underpins every part of the economy. If you want to destroy the U.S. economy this is how you would do it.

Egyptian Pres. Gamal Abdel Nassers Chilling Decades-Old Prediction About Israel-Palstine Conflict.

Debt jumps $366B in one day.


Editorial
See other Editorial Articles

Title: 'We Will Recover' - Obama... No We Won't Says Celente
Source: Rense
URL Source: http://rense.com/general85/no.htm
Published: Mar 1, 2009
Author: George Celente
Post Date: 2009-03-01 07:12:30 by duckhunter
Keywords: None
Views: 637
Comments: 22

KINGSTON, NY, 27 February 2009 -- The wealth of plain, hard facts upon which The Trends Research Institute's forecasts are based belie the lofty promises made by President Obama's first address to Congress.

"We will rebuild, we will recover, and the United States of America will emerge stronger than before," said President Obama.

Said Celente, "The government has yet to fix the levees in New Orleans. There is still a hole in the ground where the World Trade Center once stood. Washington has started two wars it can't win and doesn't know how to finish. The massive bank, brokerage, auto and insurance company bailouts have done nothing to resuscitate the sinking economy. The Troubled Assets Relief Program (TARP) that candidate Obama championed has not "relieved." President Obama's $787 billion American Recovery and Reinvestment Act will not lead to recovery and the nation will not 'emerge stronger than before,'" Celente continued.

Distinguished Men and Women

With only a succession of past Executive and Congressional failures to point to, and with the same people responsible for those failures still holding high office, the belief that this time around it will be miraculously different is nothing less than willful delusion.

"Tuesday's episode of The Presidential Reality Show was a prime time exercise in human debasement and self-humiliation," said Celente. Some low lights: Congressman Eliot Engel (D-NY) arrived at 8:30 a.m. to secure a prized spot on the House floor for a chance to shake the President's hand on his way to the stage. "It's a special treat for me to do it this year," Engel said, adding, "It's the office, it's the aura ... but it's also the man."

Hillary Clinton, America's new superstar Secretary of State, regally acknowledged the dutiful cheers of lesser political lights as she strolled down the House's aisle.

Shiny Cabinet members and august Supreme Court justices were announced in stentorian tones by a pair of Sergeants-at-Arms with all the exaggerated pomp of a Groucho Marx send-up of British royalty.

And, to punctuate the performance, there was the geriatric pom-pom girl, Nancy Pelosi, Speaker of the House, repeatedly jumping from her seat, leading her pack of Democratic trained seals in whoops of applause at every repetition of the magic juju words: "Jobs!" "Prosperity!" "Confidence!"

Across the aisle, Republicans smirked, mugged and scowled darkly, in their new roles as minority villains. Few GOP hands clapped.

That the public as well as the press should take this three-ring spectacle seriously is as depressing an indication of the state of the nation as the empty rhetoric of the speech itself.

Meanwhile, back on the planet, in the midst of a global economic crisis, the public continues to pin its hopes on a President, Senators and Congressmen willingly participating in such obviously orchestrated buffoonery. How is this even possible? How is such behavior tolerated? Why would anyone look up to these people?

In one sense it is understandable: President Obama's big show was just another typical political performance. From the excesses of Democratic and Republican nominating conventions, to photo ops of candidates sitting on bales of hay pretending they're just plain folks, to staging whistle stops from vintage trains dragged out of storage especially for the occasion, to contrived Town Hall meetings, to the slick and vicious marketing campaigns ... the public has come to accept such antics as "normal."

These political rituals, carefully staged, time-tested and proven, create an illusion of superiority. President Obama made the distinction clear in Tuesday's speech: "I have come here tonight not only to address the distinguished men and women of this great chamber, but to speak frankly and directly to the men and women who sent us here."

"Distinguished?" Distinguished for what? Having the skills to do whatever they have to do -- no matter how ruthless or degrading -- to win elections? Yet, the honorific is accepted without question while the implicit patronization of the citizenry slips by unperceived. They are "distinguished" and the rest are merely the "men and women who sent them there."

Con Game This is a confidence game. The elaborate staging is designed to inspire the nation's people with "confidence" that their distinguished leaders have the skills to save them from an economic disaster that both political parties were instrumental in creating.

Just days earlier, former President Bill Clinton urged the new President to play the confidence game. "I just want the American people to know that he's confident that we are gonna get out of this and he feels good about the long run," and that President Obama "... is hopeful and completely convinced we're gonna come through this," Clinton said on national TV.

"Completely convinced" or not, in his speech, the newly elected President pitched "confidence," repeating the word seven times. It worked. Post speech polls, the pundits and the press gave the President high marks for his performance. And President Obama, the most distinguished among all those "distinguished men and women of this great chamber," established his credentials as America's Confidence-Man-in-Chief.

Trendpost: What is a Confidence Man and what makes us say President Obama is conning the public? A con man succeeds by gaining the confidence of the victim. In this case the victim is the taxpayer who is being shaken down for trillions to bail out "too big to fail" businesses. The con lies in Obama's assurance "... while the cost of action will be great, I can assure you that the cost of inaction will be far greater."

The trillions already spent on bailouts and buyouts make it clear "the cost of action will be great." It is already great, and it has failed miserably. Why should anyone believe that pouring still more trillions into the same bottomless pit will now, somehow, prove effective?

And why should anyone believe Obama's assurance that the "cost of inaction will be far greater"? He doesn't know that. Why believe the assurance of the man who failed to recognize the country was in recession until eight months after the recession began?

We forecast the recession well before it happened. We are forecasting the "Greatest Depression." And having analyzed Mr. Obama's speech, promises and plans, we can forecast, with assurance of our own, that the cost of action will prove far greater than the cost of inaction.

While the public, both at home and abroad, express high hopes and great optimism, the global financial markets remain unassured by the assurances and continue to reach new lows.

Trendpost: President Obama's $3.6 trillion budget and the additional trillions earmarked for stimulus packages and further bailouts may provide temporary relief, but will ultimately destroy the value of the US dollar. The global financial system is in collapse. And neither stimulus nor spending packages will reverse it. We remain bullish on gold and stand by our prediction of gold at $2000 per ounce. (See Trends in the News® "Gold $2000," 7 November 2007.)

© MMIX The Trends Research Institute® Trends Research | P.O. Box 660 | Rhinebeck, NY 12572

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

Begin Trace Mode for Comment # 17.

#17. To: duckhunter, All (#0)

Zimbabwe to print first $100 trillion note

HARARE, Zimbabwe (CNN) -- Zimbabwe's central bank says it will soon introduce a 100 trillion dollar note as the once prosperous country battles to keep pace with hyperinflation that has caused many to abandon the country's currency.

A boy examines the new $50 billion dollar note issued by Zimbabwe's central bank on January 13, 2009.

A boy examines the new $50 billion dollar note issued by Zimbabwe's central bank on January 13, 2009.

The Reserve Bank of Zimbabwe said the new notes that includes 50 trillion, 20 trillion and 10 trillion would be released for the "convenience of the public," according to statement released Thursday.

"In a move meant to ensure that the public has access to their money from banks, the Reserve Bank of Zimbabwe has introduced a new family of bank notes which will gradually come into circulation, starting with the 10 trillion Zimbabwe dollar," the bank said in its announcement.

The new 100 trillion dollar bill would be worth about $300 in U.S. currency. A loaf of bread in Zimbabwe now costs about 300 billion Zimbabwean dollars -- and like most commodities, the price increases every day.

Earlier this month, Zimbabwe introduced a 50 billion dollar bill as the country battles to fight cash shortages stemming from the world's highest inflation rate. The official rate was 231 million percent as of July.

The currency is in free fall, forcing traders to peg their prices to international currency to hedge against losses. The Zimbabwean dollar is facing extinction, with most traders now accepting other countries' notes, claiming that they import their products.

advertisement

Even vegetable vendors prefer the U.S. dollar, South African rand or Botswanan pula, and most workers now demand their salaries in foreign currency. Doctors and nurses have been on strike since last September, demanding salaries in U.S. dollars. The strike coincided with a cholera epidemic that now has claimed more than 2,000 lives.

Last week, the state media reported that most teachers had left their jobs. As a result, the end-of-year examinations taken in November are yet to be graded after the markers demanded their wages in foreign currency. Schools are yet to re-open this year awaiting the examination results.

We're all going to be trillionaire quadzillionaires !!!

Rotara  posted on  2009-03-01   16:47:33 ET  (4 images) Reply   Untrace   Trace   Private Reply  


Replies to Comment # 17.

#21. To: Rotara (#17)

A trillion dollar note? I wonder when it will get to a gazillion?

Turtle  posted on  2009-03-01 17:10:14 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 17.

TopPage UpFull ThreadPage DownBottom/Latest


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]