[ Continued from Part 01/02 ] The Warning Flags Are Up Today's analysts also see the warning signs. However, instead of viewing them as such, they appear to be confused. Most see the bull continuing at a somewhat slower pace. Jeffrey Applegate, chief investment strategist for Lehman Brothers see growth in the 7% to 8% range with rising interest rates from the Fed to slow the economy. "We're in the same bull market that got under way in October of 1990," Applegate said. No warning flags here. John Bogle, the founder of Vanguard Group (mutual funds) offers a less rosy picture, but still sees "bull market" growth continuing at a much slower pace--around 2%. Abby Cohen, chief U.S. investment strategist for Goldman Sachs sees steady growth over the next 3 to 5 years--but in the 7% to 8% range rather than the 20% to 30% range. No warnings to get out of the market here. Byron Wien, chief U.S. strategist for Morgan Stanley Dean Witter believes the 20% returns are over for a while, admitting "...there is not [enough] money around to drive stocks a lot higher." He predicts returns in the 4% range. Wien is correct when he says the money is not there. The money is now in gold. It is important to note that each of these market forecasters represent the interests of the transnational investment banking groups who pays their salaries, and not the middle class investors who stands to lose their retirement nest eggs if, and when, the market heads south. The Stock Market Bellwethers Most stock analysts judge the merit of the offering on its "valuation" which is, itself, theoretically based on the corporation's earnings performance. Earnings, or earning potential, the amateur has been advised, should be the sole determining factor applied when buying, since earnings determine valuation. That is why, we have been told, the market corrected itself earlier this year. But, we have a problem. It is the problem noted by Greg Ip of the Wall Street Journal. Cisco System and JDS Uniphase show all the healthy signs that say "buy," yet their stock plummeted in value. Wal-Mart posted a 28% sales gain, and their stock floundered like a fish out of water. The bellwether isn't working...or, someone is manipulating the market in an attempt to slow it down. The question is, why? Corporate earnings across the board remain robust, signifying that even with an alarming loss of thousands of middle to high income jobs since the passage of NAFTA and, in many cases, the loss of entire industries from the industrial corridor of the Northeast and the texile corridor of the South, the American people still have confidence in the economy and in the business sector. And that is part of the problem. The American economy is killing the Euro Americans today are complaining about the $1.60 to $2.00 per gallon they were forced to suffer throughout much of the late summer. Yet, in England, motorists are paying $4.60 per gallon; in the Netherlands, $4.15 per gallon; in France, $4.10 per gallon; and in Italy and Sweden, $3.85 per gallon. British farmers, German truckers and Italian fishermen are protesting the surging prices (much like American truckers did earlier this year) because the deliberately staged oil shortages by the oil producing cartels are playing havoc with the European economy much more so than the American economy. (It is important to note that in the European Union, gasoline taxation is the universal revenue generator for the EU government. The income taxes paid by the citizens of the Euro States are currently retained by those nations.) The European Union tax problems are compounded by the sagging Euro, a victim of the soaring American economy. What is most problematic is that on July 1, 2002, the Euro will become not only the official currency of all the European Union states, it will also become the model for the regionalization, and ultimately, the globalization of money. If the Euro cannot hold its own against the dollar or, for that matter, the pound sterling, it will have trouble replacing the lira, the mark, the franc, and the pound as the official currency of the European Union. In England, Margaret Thatcher has launched a miraculous comeback campaigning against the Euro. It is likely that Thatcher's revived Tories will challenge the Labor Party's control of the House of Commons with a "no confidence" vote on the issue of the Euro by the first of the year and willl successfully force Prime Minister Tony Blair to stand for re-election. To avoid that "no confidence vote," the Euro--the root of all of Blair's political problems--needs to be able to challenge the American dollar as the world's preferred currency. Even with massive trade imbalances, rising unemployment, and the threatened exodus of over 60% of America's industrial base to the emerging nations because of greatly enhanced environmental regulations if Al Gore is elected the 43rd President of the United States, the iindustrial strength of the European Union is no match for America. For the Euro to survive as a viable model of the global monetary system of the future, the American economy has to stop...just like the bull on Wall Street. The invisible hand of the transnationalists who control the movement to create world government is now manipulating the market. To crash it now would be premature. But, if the Euro does not gain some upward mobility quickly, a major correction in the American stock market is in the offering since the globalists cannot afford the Euro to slip any further. The Four Regional Currency Zones Just as the stock market boom of 1923-29 was no accident, the skyrocketing market boom of the past decade that was triggered by what market analysts call the "Schwarzkopft Rally" was no accident, either. The Rally, credited to the American victory in the Gulf War (but actually triggered by George H.W. Bush's pronouncment that we had become part of a New World Order), wsa needed to properly set the stage of global prosperity because the decade of the 90s was to be the decade of transitition, from the old world order to the New as the 21st century broke on the horizon. World government would come piecemeal. To control the various governments of the world (and through those governments, their primary assets: human capital), you must first control their monetary systems. Attempts were made to do that at Bretton Woods at the end of World War II. Those attempts, through the IMF and the World Bank failed. Success is now being achieved economically through the World Trade Organization, which possesses the ability to either prosper or starve all but the largest and most solvent industrialization nations (who have already signed on to the program). The world has been broken into four currency zones. The European Currency Zone (with the Euro as the official curency unit); the Western Hemisphere Currency Zone (with the American dollar as the official currency unit of North, Central and South America); the African Currency Zone; and the Asian Currency Zone (explaining why it is so important to the transnationalists to get China into the World Trade Organization). The Euro, the model for the regionalization of money, goes into effect on July 1, 2002. At that time, all of the nations in the European Union will no longer possess a national currency. Economic sovereignty will have been surrendered to the overlords in the EU at that time. And, without touching a national border, political sovereignty in Europe will no longer exist because as Mayer Rothschild so aptly said it over a century ago, "Give me the power to coin money, and I care not who runs the government." If the Euro can prove itself against the dollar, it will replace some 15 currencies. The Western Hemisphere dollar will replace almost 30 monetary systems. When the four zones become functional, over 200 various currencies will be merged into four. Then, depending on the success (or failure) of the regionalized currencies, they will be merged into one global monetary unit sometime between 2004 and 2007. At the outside, world government will be firmly established sometime between 2007 and 2010 (with only one UN report seen by this author dated later [and it bore the date of 2012].) Selling Global Prosperity The bull market continues because prosperity is easiest to sell to those who are enjoying it. Likewise, few Americans (except those who have already lost their jobs), believe the doomsayers who are constantly bombarding them with statistics about how many jobs are leaving America each month because of NAFTA because they are still enjoying prosperity, the stock market is still booming, and the Fed has backed off from levying any extreme hikes in the prime. But that is about to change. If the Euro fails, globalization fails. The transnationalists who forged the merger of socialism and capitalism into what Americans call the New World Order and the Europeans call The Third Way cannot afford to see their plans dashed when they are on the threshold of victory. They will slow down the American economy to protect the Euro. And they will do so, without hesitation, at the expense of the American investor. After all, their money is already safely out of the market, invested in gold. http://members.aol.com/baffauthor/notescrash2.html Archibald Bard Pro Libertate - For Freedom ICQ 83834746 A VOTE FOR DEMO/REPUBS IS TO ENDORSE THEIR POLICIES OF DEPRIVATION OF YOUR FREEDOMS! BUCHANAN-Reform http://www.buchananreform.com/default.asp
