I’ve read the DeepCaster posts for a few years now, they have a great handle on what’s really driving the markets. Their latest post exposes The Cartel’s (I call them the “Shadow Powers“) End Game and a newly-revealed “nasty twist.” Excerpt follows:
The Quiet Official Initiative to implement the End Game was launched at the so-called Summit Meeting among Presidents Bush, Fox of Mexico, and Martin of Canada, in Waco, Texas in March, 2006.
In the Summer, 2006, Deepcaster was among the first to warn of a Massive Financial and Geopolitical Scheme (“Massive Financial Geopolitical Scheme Not Reported by Big Media,” August, 2006) with ominously negative consequences both for investors and citizens in general. Subsequently, on June 6, 2007, Deepcaster gave further warning in an article entitled “Profiting From the Push to Denationalize Currencies and Deconstruct Nations” (both available in the Articles Cache at www.deepcaster.com).
In these Articles we described this Scheme as The Cartel’s “End Game.” Now there is increasing evidence that this “End Game” involves a heretofore hidden “Nasty Twist” which could seriously injure investors and non-favored (by The Cartel) financial institutions around the world. To understand this Nasty Twist we must provide a bit of background.
A key component of this multi-faceted Scheme is the replacement of the U.S. Dollar with the “Amero” as the Council on Foreign Relations (CFR) consultant Robert Pastor named it. This, of course, would entail the final destruction of the U.S. Dollar, a demise of which has already begun – or should we say, is being managed by The Cartel. This Scheme appears to be an integral part of The Cartel’s Interventional Overt and Covert Regime, which involves manipulation of many Markets and Statistics.
Notwithstanding the recent and continuing (for a while) bounce in the U.S, Dollar which Deepcaster earlier Forecast, the long-term trend is “down” for the U.S. Dollar and will continue so because destruction of the value of the U.S. Dollar has been “baked into the cake” by The private-for-profit U.S. Federal Reserve.
It is ‘baked into the cake’ because The Fed has for years implemented “easy money” and easy credit policies by, inter alia, dramatically increasing the money supply. Thus the latest annualized rate for M3 is nearly 12%, and that rate has reached as high as 17% within the last year, per shadowstats.com. That rate virtually guarantees continued Consumer Price Inflation (now still at about 8% a year in the U.S. according to shadowstats.com). And it guarantees the Real U.S. Unemployment Rate will exceed the Real current level of 18% (per shadowstats.com). But it also guarantees the eventual demise of the U.S. Dollar.
Three of the many pernicious effects of the Destruction of the U.S. Dollar (a key component of The Cartel’s End Game Scheme) are:
1) The veiled destruction of the U.S. Middle Class (and middle classes throughout the industrialized world) through the destruction of its purchasing power and
2) The diminishment and/or outright confiscation of wealth of all economic classes and Investors world-wide whose wealth is held in U.S. Dollar-denominated assets and
3) The likely further enrichment of the owners of the private-for-profit U.S. Federal Reserve and those financial institutions, which it favors – clearly Bear Stearns and Lehman Brothers were not favored financial institutions.
Yes, the U.S. Dollar’s demise is already underway. Though very recently it has given the appearance of some buoyancy as a result of bottoming just above 71 on the USDX and then recently bouncing to around 85, it has nonetheless been in a sustained downtrend for several years now. Of course, this downtrend can NOT make the foreign government and other holders of over $2 trillion of U.S. Treasury Securities feel much comfort since the actual value (e.g. purchasing power) of their portfolios of U.S. Treasury paper has continued to diminish.
Another powerful factor determining the U.S. Dollar’s fate is that of the $683 Trillion in dark OTC Derivatives outstanding as of June, 2008, (www.bis.org, Path: Statistics>Derivatives>Table 19) many Trillions are Toxic or potentially Toxic.
Deepcaster has addressed the issue of the demise of the U.S. Dollar on other occasions. But the consequences of the demise are so significant that one should consider the possible alternatives to the U.S. Dollar and the implications of each.
There are two major Alternatives to the U.S. Dollar (and other similarly weakening fiat currencies). One is re-linking the (presently fiat) currencies to Gold and Silver, an approach that Deepcaster has long favored as fundamentally sound.
The other Alternative (doubtless favored by The Cartel of Key Central Bankers and certain other favored entities involved in international finance) is to catalyze or force the collapse of major national “fiat” currencies such as the U.S. Dollar in order to create a regional currency, such as the Amero, as part of their overall “End Game.”
Thus the battle lines are drawn for the Great Currency War of the next few years: Gold and Silver-based currencies versus the Amero and other Fiat Currencies. [more]