Gerald Celente: “Things Are Going to Get Much Worse…Society Is Breaking Down”

Source: Yahoo Daily Ticker
Date: 9/15/2011
by: Aaron Task


The government this week reported the U.S. poverty rate has risen to 15.1%, the highest since 1993, while 22% of children are living below the poverty line. Meanwhile, average median U.S. income fell 2.3% to $49,445, roughly 7% below the 1999 peak and a level not seen since 1996 on an inflation-adjusted basis. (See: As America's Middle Class Shrinks, P&G Adopts "Hourglass" Strategy)
If you think that's bad, just listen to what trend watcher Gerald Celente has to say in the accompanying video.
"Things are going to get much worse," Celente says. "Society is breaking down on every level: socially, economically, politically and it's not just the U.S. It's worldwide."
Celente believes the globe is following a similar path to what occurred after the 1929 crash: Severe economic contraction, followed by currency wars, trade wars and, ultimately, armed conflict.
Currency wars have already started he said, citing the recent decision by the Swiss National Bank to peg the Swiss franc to the euro.
Read More »

Amelia Bourdeau wants to short EUR/NZD at 1.7400 target 1.7000 stop 1.7650

Date: 7/5/2011

CNBC Money in Motion trader Amelia Bourdeau wants to short EUR/NZD on a breakdown through 1.7400.

Trade summary: Short $EURNZD at 1.7400 target 1.7000 stop 1.7650 which is a R:RW of 400:250 or 1.6:1.
Here is Ms. Bourdeau's rationale for her EUR/NZD short trade idea from July 5, 2011:


Last week Amelia's AUD/JPY short trade idea from 6/27/2011 (two days before the 6/29/2011 Greek austerity vote) as presented on Fast Money was either not triggered to get short, or the trade would probably be stopped out by now if entered. I feel that Amelia was probably looking for a break of the previous day's (6/26/2011) low of 84.051 as a trigger to get short since the entry price of the trade is shown as 84.0500:

No trade parameters other than entry price were given on Fast Money for this particular trade.
Following is the rationale behind Ms. Bourdeau's AUD/JPY short trade idea from 6/27/2011:

http://video.cnbc.com/gallery/?video=3000030114

Amelia presented an earlier trade idea to short the EUR/JPY on CNBC Fast Money before Melissa Lee went on vacation. This earlier trade was stopped out for -170 pips.  The EUR/JPY short was presented on CNBC Fast Money the day before the Greek confidence vote (6/20/2011 is the trade presentation date, 6/21/2011 is the Greek confidence vote).  Here are the trade parameters of that trade:

Here is the rationale behind Amelia's 6/20/2011 EUR/JPY short trade idea:

It seems as if much of Wall Street was caught on the wrong side of the Euro last week. Andy Busch was also stopped out on his EUR/USD short idea as presented on Money in Motion on Friday June 24, 2011 for -250 pips.

All of the stop outs do not mean that the currency traders' overall thesis is wrong. Obviously the price action indicates that the timing and/or estimation of the level of volatility/optimism was not correct with regards to the Euro.

Conspiracy Oil Trade Update: Rest in Peace Ken Fromm

Disclaimer:  Since the information contained within is so controversial, I encourage you to read my blog disclaimer in the lower left panel which applies to all content within this blog.  With regards to this article, I am merely reporting to the best of my ability the information sources I have referenced and make no claims as to the accuracy or efficacy of the information disclosed.

The brave Atlantic Richfield Chief Operating Officer Ken Fromm, who warned us of the plot to manipulate oil up to $150-$200 per barrel by the ruling elite (globalist/internationalist oligarchs) has passed away a few days ago per Pastor Lindsey Williams, chaplain to the trans-Alaska oil pipeline project.  An elitist himself, Mr. Fromm's conscience persuaded him to confide in Pastor Williams information he wanted shared with the public to prepare us for the impending economic collapse planned by the globalist elite.  Spending three years as the chaplain to the Alaska oil pipeline project gave Pastor Lindsey Williams privileged access to elite oil executives and World Bank/IMF members.  The chaplain's work boosted the morale of the workers and was well regarded amongst the executives, who gave Pastor Williams executive status in lieu of a salary, which his calling as a chaplain did not allow him to accept.  Pastor Williams lived amongst the elites, ate with them, formed friendships, sat in on their board meetings and was privy to inside information and documentation.  Two of the executives formed very close friendships with the pastor (the two Mr. X's, including Ken Fromm) and were the only individuals willing to confide in him and disclose the secretive plans of the globalist elite.

Apparently there is a second elite insider (referred to as the second Mr. X in past interviews) who is still living.  The identity of the individual is known to both Alex Jones and Lindsey Williams but has been withheld per request.  We do know from the interview I have embedded here (part 1) that the individual in question is 69 years of age, is a former retired executive (CEO) of a "major big 3" oil company and has offered to pick up the torch carried by Ken Fromm by continuing to reveal insider information disclosed to himself by other globalist elite.

Following is the information disclosed in the latest Lindsey Williams interview detailing some of the elites' plans:

1. Old disclosure by Ken Fromm:  $150-$200 per barrel oil is planned within 6-8 months of the October, 2010 interview (e.g. by June 2011).  The elites will try to push oil and the American people as far as they can.

2. European Union will have major problems, and the Euro currency will collapse before the dollar.  Once the Euro collapses you will have only 2-3 weeks to get out of anything that is paper (bank account, investments, IRA, 401k, etc.).  Per Lindsey Williams, you must cash these in at any costs.  You can not depend on social security for very long.  Your insurance policies will become worthless.

3. Learn to recognize the elites' buzzwords and read between the lines.  The globalist elite have a code of ethics which is different than our own, which is not based on religion.  Their elitist code of honor states that they must tell us what they do, before they do it.  The way the plans are communicated is not transparent, but rather through coded language, or certain "buzzwords".  The average person will listen to the public disclosures but not recognize their significance.  Two examples are given by Pastor Williams of how Mr. X number 2 (the elitist who is still living, who will henceforth simply be referred to as just Mr. X since the first Mr. X is already known to be Ken Fromm) has trained him to listen for the "buzzwords" and read between the lines:

Example 1:  The IMF recently announced [within a few days of this interview] that 15 of the major developed country governments including the UK, Spain, the United States and Greece must raise $10.2 trillion to do nothing but to repay the interest on the indebtedness of these countries.  Mr. X asked Pastor Williams, if it is possible to repay this debt?  Pastor Williams answers, "no".  This 10.2 trillion is 27% of these 15 countries' combined economic output and can not be repaid.  "So what will happen to the currencies of the US, Japan, UK if this debt can not be repaid", asks Mr. X?  "It's got to collapse", says Pastor Williams.  Mr. X says, "We told you all the time what was going to happen but the average American doesn't have sense enough to understand what we are trying to say."   [2, 3:20 in to clip]

Example 2:  Take the COMEX silver exchange.  Mr. X tells Williams, "Listen to what they told you last week."  The COMEX silver exchange are the ones who hold silver and gold for the richest people in the world, including China, Japan and Russia.  They give you a piece of paper (a contract) as a voucher for the actual silver held by them in their vaults.  The COMEX has only 107 million ounces of silver on hand but 720 million ounces worth of contractual obligations.  Mr. X asks, "When people start to ask for the delivery of that physical silver what is going to happen to the price of silver?  Mr. Fromm told you about a year or two ago that the only thing that you could spare your assets in is silver and gold."   [2, 5:20 in to clip]

So obviously the buzzwords in this case were IMF (International Monetary Fund) and COMEX, and it is up to us to read between the lines, such noticing the math does not add up.

4. Lindsey Williams believes Stephen A. Schwarzman chairman and co-founder of the Blackstone Group is one of the globalist elite, because he said last week that he (Schwarzman) was leaving the country.  [2, 8:26 in to clip]  Many of the super wealthy per Alex Jones and Lindsey Williams have moved to remote locations or are preparing/have already left the country [obviously to avoid public riots if there is a breakdown in society].

5. When the Federal Reserve starts to buy the United States' own debt, "it is practically all over" because China and Japan and other countries are not buying our debt as they used to.  The Federal Reserve is borrowing 100 billion dollars every 30 days currently.

6. Collapsing the United States is for the purpose of scooping up assets for pennies on the dollar after everything has been bankrupted.  Giving an example, Lindsey Williams states Chrysler and GM were collapsed in this fashion and bought up by the elites after a bailout at the taxpayer's expense. [3, 30 seconds in to clip]

7. Direct quote, "The Federal Reserve are basically the elite, along with some others with them."

8. 1.5 years ago, Mr. Fromm told Lindsey Williams that in 2 years you will not recognize America.  By 2012 the dollar will be dead.  In nearly two years everyone will be working for the government.

9. The plan [to collapse the United States] has been in place for 35 years.  Alex Jones (the radio presenter) interjects that once the engineered collapse is instigated, the population will be suppressed via the police state control grid which has been constructed around the American people before-hands [under the guise of keeping us safe from terrorism].

10. Devil's Messiah Plan:  In order to bring in the New World Order, God had to be removed via the introduction of evolutionary theory and the control of churches via 501(c)(3) organizational status, in order that the foundation of our society could be subverted.  Alex Jones interrupts at this point and states, "even if you are not a Christian you have to understand that social engineers have to get rid of the old order to bring in the new order so that they have dumbed us down [via toxins in our food and water, propaganda in the media and a sub-par education system], taught us not to have morals so we couldn't recognize tyranny and resist it." [ 4, 4:30 in to clip]  The European Union is part of the "Devil's Messiah" plan.  More than 10 states have been added to the EU which was intended to discredit prominent Bible scholars, who said that the EU was the fulfillment of the Book of Daniel and Revelations, which predict 10 "toes," or states.

11. America:  This is the elites' most difficult challenge.  In other words, there is still a chance we can resist and turn things around.

12. The elites' plan is to own every single thing in America.  Pastor Williams uses as an example, if/when there is a MBS (Mortgage Backed Securities) bailout, the elites will take over every bit of mortgage real estate in America whether it be commercial or residential.  If/when this happens, you will henceforth be making your payment to the Federal Reserve.

13. Pastor Williams is very adamant about the following point:  Get every bit of gold and silver you can lay your hands on!

14. Gasoline should rise to over $4.00 a gallon at least.

15. Watch insider trading.  The elites, CEOs and other prominent corporate and financial leaders, know what is coming and when.  They are/will be cashing out big time.

16. With regards to the Arab world, most of them are trapped in to using the US dollar for trade (such as Saudi Arabia and the UAE) because of an agreement made years ago with Henry Kissinger.  The Arabs did bring the price of crude oil down for the purpose of putting certain countries in to a certain position where the elites wanted them. [4, 5 minutes in to click]  At this point interview time is running short, so details are missing.

17. Regarding Iran, Iraq, Afghanistan:  Henry Kissinger made an agreement years ago with Iran, which Iraq refused to go along with.  Iraq was therefore invaded, plans of which were premeditated well in advance.  It is implied that the invasion of Afghanistan is premeditated as well (e.g. not as a reaction to terrorism), but again details are missing because the interview time is short.

18. Old disclosure:  The Gull Island oil find, which was classified by the US government and permanently capped, revealed that there is enough domestic oil under the Alaska National Wilderness to last two hundred years at a cheap cost, without ever having to buy a drop of foreign oil.  The American people have been prevented from having this by the elite. Details are again missing in the Alex Jones interview, but I included the video lecture and article link that goes over the old information concerning the oil find at Gull Island. [5,6]  There is also a book written by Lindsey Williams called The Energy Non-Crisis which details the Gull Island oil find. [7]

19. The elites' last act will be to muzzle conservative talk show hosts such as Alex Jones, and then liberals ones.  Before/if Alex is silenced he will make a great outcry which will alert other media outlets to the danger to themselves.

Recently released by Lindsey Williams are the audio recordings of the words of the elite and their spokespeople which has been compiled in to a two and one half hour presentation called Confessions of an Elitist, available from prophecyclub.com. [8]

As always traders, do your own due diligence.  Although I personally trust the research diligence/accuracy of Alex Jones and the honesty of Pastor Lindsey Williams, it is always possible that disinformation has been fed to them for whatever reason.

I have embedded the play list of all four parts of the interview here for your convenience:

__________________________________________
Sources:
[1] Lindsey Williams Returns: Confessions of an Elitist - Alex Jones Tv 1/4  TheAlexJonesChannel, YouTube
[2] Lindsey Williams Returns: Confessions of an Elitist - Alex Jones Tv 2/4  TheAlexJonesChannel, YouTube
[3] Lindsey Williams Returns: Confessions of an Elitist - Alex Jones Tv 3/4  TheAlexJonesChannel, YouTube
[4] Lindsey Williams Returns: Confessions of an Elitist - Alex Jones Tv 4/4  TheAlexJonesChannel, YouTube
[5] Lecture:  The Energy Non-Crisis Lindsey Williams, YouTube

[6] Gas Price Manipulation and Gull Island Oil Joel Skousen, World Affairs Brief 5/18/2008
[7] The Energy Non-Crisis Lindsey Williams
[8] Confessions of an Elitist Lindsey Williams

EUR/USD is 7% Backed by Gold What Backs the US Dollar?

Per Bob Chapman of The International Forecaster in a recent interview with The Gold Report, the EUR/USD was originally backed by 15% gold but that has since dropped down to 7%.  For whatever reason the realization that the Euro actually had some gold backing astonished me.  In fact it is the only fiat currency which is gold backed.  Does this make the Euro more sound structurally than the US dollar?  This made me wonder, what the heck is the US dollar backed by?  Oil, in essence, since oil is forced to be transacted in US dollars.  A deal was concocted in 1973 by which Saudi Arabia, the world's largest oil producer, agreed to trade their oil exclusively in US dollars in exchange for protection from its enemies and the right to purchase US arms.  As a result, OPEC as a whole did the same thing and started trading their oil exclusively in dollar denominated terms.  The phenomenon by which oil dollars are repatriated to the US in the form of investment (often US Treasury Bills) or purchase of goods and services is called petrodollar recycling, which does lend intrinsic value to the dollar.  Many theorize that the attack on Iraq was not only a ploy to gain control over the oil resources in that region but also to protect the reserve currency status of the US dollar, as Saddam Hussein had started trading his oil for Euros in protest of sanctions.  Iran has as of February 2008 opened its own oil exchange (Iranian Oil Bourse) where petrochemical products and crude oil are traded in many different currencies except the US dollar. [2]  Recently there was speculation that Israel (bitter enemies with Iran) might attack Iran before it got its first nuclear power plant online but luckily this did not happen.  In fact a  group of seasoned senior intelligence officers (Veteran Intelligence Professionals for Sanity) anticipated there might be a strike and signed a petition to persuade President Obama to discourage any such action by Israel beforehands. [1]  However, it makes sense from the neoconservative bent of maintaining US hegemony for Iran to be on the hit list for an invasion (both to control its third largest oil reserves in the world and discourage non-dollar based oil trading).  In fact at least one Iranian commander who believes that they are in still in danger of being attacked by the US in the near future. [3]



It occurs to me that as currency traders we can not afford to ignore the implications of unseemly oil related politics.

1. If Iran is attacked for whatever underlying reason, the US dollar will see a massive flight to safety, the stock market will crash and oil will spike up big, as well as gold.
2. If OPEC as a whole, or more and more countries start to trade oil or other commodities in other currencies other than the US dollar, the dollar will sell off.
3. A recent report by a German military think tank leaked to the Internet predicts peak oil in 2010 with the effects to be felt 15 to 30 years later. [4]  Granted, the peak oil predictors in the past have had terrible timing and have not been right yet. The implication is higher oil prices and an economic downturn.

Sources:
_______________________________________________
1. VIPS Sends Memo to Obama Warning that Israel May Bomb Iran "As Early as Next Month" Tyler Durden, ZeroHedge
2. Iranian Oil Bourse Starts Trading, Sans Dollar Contracts The Prudent Investor, SeekingAlpha
3. Iran on Verge of US-Led War PressTV (First Iranian international news network)
4. German Military Braces for Scarcity after 'Peak Oil' John Collins Rudolf, New York Times Green Blog 

Changed my Mind on EUR/USD Long Term Bullish but Can Short Here for Scalp

Longer term, Euro looks much higher, these fractal waves (in white) within the bigger 5-3 Elliot Wave pattern (yellow i,ii,iii,iv,v,a,b,c) give confirmation that the yellow a and b are accurate.  That implies the yellow c wave should at least rally past a.  Even if we only test yellow a that is about 296 pips from current price of 1.3007

Right now however is a bad place to go long since there is a big resistance zone being near a triple 0 (1.3000) and the 61.8 retracement of yellow ac (1.3048).  Also there is a Bearish Gartley developing here on the 4 hour chart so in fact is a short term short signal:

I would be more inclined to buy pullbacks and not trust the short side too much.

Robot Trader Short EUR/USD Looking for 1.2440

My EA (expert advisor/trading bot) went short 1.26910, not the best price but I think it can work (this time).  My manual technical analysis based on the 4 hour chart shows projected moves of possibly 1.2440 by 9/14/2010 and 1.2200 by 9/18/2010 if this potential Gartley pattern will complete.