My OperaThe House Of Rothschild Will Soon Be In Full Control Of North American Finance, Commerce And Trade
Sunday, March 23, 2008 9:05:18 PM
I. JP Morgan Is A House Of Rothschild Organization
The Federal Reserve and JP Morgan are both House of Rothschild/Bank Of England owned organizations; and through interlocking board of directorates the Rothschild family controls the news media as well as commercial organizations world wide.
II. The Federal Reserve Bailout Of Bear Stearns Via JP Morgan Prevented An Immediate Financial System Meltdown Yet In Effect Nationalized Investment Banking Together With Their Debts And Derivatives.
Sean Hackbarth of the American Mind writes: "We all know the Federal Reserve is providing $30 billion in financing for JP Morgan’s buyout of Bear Stearns, BSC. One reason JP Morgan got this was “Why not get the Fed to spot some cash, making the deal that much more digestible?” Another reason might have been to protect the bank’s balance sheet.
According to Fortune’s sources JP Morgan wanted the Fed to take $30 billion of Bear Stearns’ mortgage-backed securities as collateral to prevent JP from having to revalue its own mortgage-backed securities.
U.S. taxpayers are on the hook for billions in Bear Stearns’ debt. But the Fed and Treasury Secretary Paulsen felt Bear falling would have shocked markets in a deleterious way."
The announcement of the Federal Reserve's framework agreement to provide financial backing of JP Morgan, JPM, for the acquisition of Bear Stears, BSC, is both a new initiative and landmark, in Public Private Partnerships, which has the effect of nationalization of investment banking, similar to the nationalization of investment banking by the Bank of England acquisition of Northern Rock.
III. Also This Week, The Two Home Loan Mortgage GSEs Freddie Mac, FRE, And Fannie Mae, FNM, Were Effectively Nationalized, And In So Doing Accelerated A Process Of Privatizing Profits And Socializing Losses And Risks.
Doug Noland writing in his 02-22-2008 Prudent Bear article Nationalization writes: "I have fully expected the GSEs, at some point, to be taken over by the federal government. It may have been orchestrated subtly, but I can only presume that such a historic endeavor was accepted this week as the only means of averting financial dislocation. And for their regulator to suggest that the GSEs today have any handle whatsoever over their unfolding “risk management” challenge is wishful thinking - at best.
As far as I’m concerned, much of the U.S. mortgage market was this week essentially Nationalized. I’ll take the dramatic narrowing in agency debt and MBS spreads as support for this view. Additional support arrived from comments from Mr. Lockhart, Mr. Paulson, and actions by the Federal Reserve. Having lived contently for years with the markets’ interpretation of the (grey-area) “implied” government backing of the GSEs, our policymakers are surely today satisfied with the inferred market acceptance of mortgage industry Nationalization. To be sure, the Fed’s Splashy “Sunday Night Special” bailout of Bear Stearns is rather trivial in both its implications and consequences when compared to Thursday’s Quiet Coup.
The “average American” is getting slammed by rapid inflation in the prices for fuel, food, healthcare, education and other basis necessities. He was duped into various dangerous mortgage products to purchase homes with, in many cases, grossly inflated market values. Millions are in the process of losing virtually everything. He was also duped into various risky investment products, while the bursting of Bubble markets will leave him dreadfully unprepared for retirement. Now, he is seeing the returns from his savings crushed by the melee to bailout Wall Street “money changers” and speculators. Over the coming months, millions will lose their jobs with the inevitable adjustment and realignment to cope with post-Bubble realities. And now, apparently, the American taxpayer is to sit back and watch his contingent liabilities balloon (even further) with the Nationalization of the U.S. mortgage market.
I understand perfectly the motivation Wall Street, the Administration and the Fed have in blindly throwing the “kitchen sink” at this unfolding Crisis. These are indeed scary times bereft of solutions. I am certainly familiar with the view that bailing out Wall Street and the speculators is medicine necessary to stabilize the system. But not only is this approach both inequitable and unethical on moral grounds, it is my view that such endeavors will prove only further destabilizing for the system overall."
Mike Mish Sheldon in Quiet Coup Towards Nationalization writes: "Fannie and Freddie are likely to get into further trouble but it will likely take some time as the housing market continues to deteriorate. Indeed, the actions by the Office of Federal Housing Enterprise Oversight (OFHEO) to give Fannie and Freddie more rope in which to hang themselves are "quiet" step that will play out over time. It's not a waterfall event. Down the road, should Fannie and Freddie blow up, expect to see shareholders brutally punished, just as happened with Bear Stearns."
And Jeff relates that: "The GSEs are on the hook for the “timely payment of principle and interest” on more than $5 TN of American mortgages – and counting… Such obligations will, in the Post-Bubble Era, prove untenable." Yes its privitization of profits and socialization of losses, as he continues: "Basically if the downturn continues and prices continue to drop this will end up being a disaster. The result of expanding their ability to lend when they already have 5 trillion on the books will result in making the economy more destabilized (th GSE's FYI are Fanny and Freddie). It will also result in us paying for this mess as these become government entities."
IV. A Financial Emergency Is Coming And Via The SPP Will Place The House Of Rothschild As Sovereign Over The Peoples and Resources Of North America
The current actions of the Federal Reserve and OFHEO have prevented an immediate market meltdown; but a "financial emergency" -- "financial 911" is coming, from any number of factors, and most likely from factors acting in concert together: the result will be that the House Of Rothschild will be firmly in control of US finance, commerce and trade.
Factors include:
First, the S&P Cut To Negative Of Goldman's And Lehman's Debt.
Secondly, Treasuries' Repo Market Failures. Eline Meinel Supkis writes of this bond market instability relating that: "the bond markets are still malfunctioning. The banking crisis, far from being over, is entering a new stage. It is indeed, like watching a ship flounder and sink. The corrections are all making things worse. It is just amazing to me to see how attempts at bailing out the same men and women who put us into hazard is being cheered onwards even as it is painfully obvious that this is totally wrong. Resetting the status quo is doomed to failure since it doesn't address the core problems: the US budget and trade deficits".
It is interesting that the Bloomberg article mentions "short" in relation to US Treasury Bonds. I take this to mean two things: first, some are simply short, that is not returning, the borrowed asset; and second, have short interest, yes there is a lot of short interest in the Treasuries across the board and especially in the 2,5 and 10 year area.
And thirdly, another factor that could easily create a "financial emergency" are the credit default swaps, CDS, derivatives mentioned in the article: Credit Default Swaps, Is Your Fund At Risk.
Yes, a "systemic margin call" is coming, it will reveal the insolvent nature of the banks and investment bankers; and it will result in a "financial emergency".
A. The announcement of the SPP on March 23, 2005 made for a economic, political and investment sea change
Frameworks -- Leader's Agreements, neither treaties nor constitutions, now define and specify working relationships between nations and peoples; The SPP, is one such Framework.
Presented below is a photo from the Baylor University web site showing Condoleezza Rice And George Bush as they were greeted by Baylor University's Robert B. Sloan Jr. and members of his staff immediately prior to the announcement of the Security and Prosperity Partnership, the SPP, on March 23, 2005.
Mr. Sloan said: "It is an honor for Baylor University to host the leaders of the United States, Canada and Mexico," and he continued: "Here at Baylor, we want to teach our students to serve. Baylor today had the opportunity to serve on behalf of our country and the world, and it is a tremendous privilege for Baylor to host this trilateral meeting."
The Security And Prosperity Partnership provides state corporate rule to deal with systemic risks -- systemic failures such as debt guarantor insolvencies, and outbreak of pandemic disease, such as avian influenza as mentioned in the Leader's Joint Statement of March, 31, 2006 in Cancun, Mexico.
The photo below is of President George Bush with Robert J Stevens of Lockheed Martin and other business leaders in a March 2006 Security and Prosperity Partnership "Progress Meeting" held at the Cancun Summit.
Canada's Stephen Harper, spoke before the Economic Club of New York, where he related the need for a continental response to overseas threats to the continent' security and prosperity.
The think tank, Council on Foreign Relations, CFR, a David Rockefeller sponsored and directed organization, has called for Regional monetary integration; Andrew G. Marshall writing in a GlobalResearch.ca article sees this resulting the use of a continental currency: the Amero to replace the US Dollar, the Mexico Peso and the Canadia Loonie.
I believe that a continental response to either an oversees 'economic threat' or a continental response to a 'internal health or economic threat' by the combined Canadian and US Military under Northcom will see an expropriation of the continents' precious metal, natural gas, energy, energy service, steel, potash, coal and oil sand resources to be managed by combined state-corporate rule for the greater needs of the continent as a whole.
Up until this week, the natural resource stocks and ETfs have weathered the stock market storm that has come to the banking, finance and real estate sectors; but with the expropriation that I envision, the all natural resource atock are going to suffer dramatic falls, when action is taken to secure the Continent's security and prosperity interests.
Not only will the natural resource stocks fall, when the provisions of the SPP are enforced, but all stocks as well.
B. Currently, the stock market is in sideways consolidation.
Numerous charts and reports evidence the stock markets are in sideways consolidation, in a bear market; i.e. the SPX Daily Chart provided by SPX Trading shows S&P sideways direction moving towards resistance.
An Elliott Wave 3 of 3 Down commenced December 11, 2007 not only the Russell 2000 but all stocks as well.
The 3 of 3 waves are the most dramatic and sweeping of all waves; they create wealth on the way up and destroy it on the way down.
Elliott 3 Waves Up or Down, only occur in the presence of dramatic social moods, as well as dramatic political activity.
Socially for example: The last five years of investment exuberance have been accompanied from everything the Happy Meal, to the zenith of personal computing, to granting people home loans who never ever should have qualified for such.
Politically for example: The last five years has seen the rise of president who came to power charasmatically wooing the Evangelical Christians; and has risen to the level of the Unitary Executive.
Now, politically: with the announcement of the SPP, we have an entirely new political landscape: the word, the will, and the way of the leaders is now the law of the land, and the whole continent for that matter. We have the creation of a 'state-corporate combine' with 'security measures' in place, to rule over the resources and people of the North American continent; this will come when the provisions of the SPP are enforced to deal with the soon coming financial emergency and will result in a financial armageddon.
C. The Next Leaders' Meeting Is Scheduled For April 2008 In New Orleans
As stated above stakeholders -- ministers in government, and leaders in commerce, finance and industry have been coordinating in Summits and in working groups for three years now to provide the Trilateral Regulatory Cooperation Framework, -- the "Foundation Agreement" for unified state-corporate rule of the North American Continent, as well as to work out detailed and harmonized security trading, transportation and other corporate laws to address threats to the continent's security and prosperity; and now the Exchange Magazine: Security and Prosperity Section dated February 29, 2008 provides the following Agenda for then next Leaders' Joint Meeting in New Orleans of which I glean the following key components.
The announcement mentions the word, "our people". The three leaders, Bush, Fox and Martin, on March 23, 2005 announced a "homeland", governed by global principles of security and prosperity -- the Leaders and stakeholders are now sovereign: sovereign nations with their constitutions are a thing of the past.
A purpose of the Leaders' Joint Meeting is to announce, that is to communicate the legal status of, the Regulatory Cooperation Framework -- the strategic agreement that super cedes commerce and security laws of the individual nations of North America.
Thus, the Uniform Commercial Code, the UCC, which harmonized commercial transactions in the 50 state, is an economic and legal dinosaur made extinct by the SPP.
Initiatives taken under the SPP are to be seen as an extension of NAFTA with competitiveness being a key criteria and driving factor.
A focus of the Leader's Joint Meeting will be to enhance "emergency management and preparedness".
And a focus will be to meet with the "Continental Economic Congress" -- the North American Competitiveness Council -- the NACC described in the article from NAFTA to the SPP.
"Joint Statement by Ministers Responsible for the Security and Prosperity Partnership of North America":
OTTAWA - In preparation for our leaders' meeting in New Orleans on April 21-22, we, the ministers responsible for the Security and Prosperity Partnership of North America (SPP) met in Los Cabos, Baja California Sur, to review progress on the five priorities identified by leaders in Montebello and to discuss cooperative approaches to common challenges and opportunities.
This year marks the fifteenth anniversary of the implementation of the North American Free Trade Agreement (NAFTA). NAFTA has been a tremendous success: trade and commerce among our countries have grown exponentially. Trilateral merchandise trade is approximately $900 billion in 2007, significantly contributing to economic growth and increased standards of living in all three countries.
The SPP builds on this dynamic relationship by providing Canada, Mexico and the United States a partnership to build a safer, more secure and economically dynamic North America, while respecting the sovereignty, laws, unique heritage, and culture of each country.
In order to give guidance and achieve results in advance of the April 2008 North American leaders' Summit, we have reviewed progress achieved since Montebello and have directed officials to:
- Competitiveness: Continue to implement the strategy to combat piracy and counterfeiting, and build on the Regulatory Cooperation Framework by pursuing collaboration through sectoral initiatives, with an emphasis on the automotive sector;
- Safe Food & Products: Strengthen cooperation to better identify, assess and manage unsafe food and products before they enter North America, and collaborate to promote the compatibility of our related regulatory and inspection regimes;
- Energy and Environment: Develop projects under the newly signed Agreement on Science and Technology; and cooperate on moving new technologies to the marketplace, auto fuel efficiency and energy efficiency standards;
- Smart & Secure Borders: Strengthen cooperation protocols and create new mechanisms to secure our common borders while facilitating legitimate travel and trade in the North American region;
- Emergency Management and Preparedness: Strengthen emergency management cooperation capacity in the North American region before, during and after disasters.
We also instructed officials to consider innovative ways to advance these five priorities, to enhance our dialogue and further our cooperation.
We recognize the work of our colleagues from the various agencies and departments that have contributed and will continue to contribute to advancing bilateral and trilateral cooperation.
We acknowledge the challenges that transnational crime poses to our region and our assessment indicates that some accomplishments have been made. Nevertheless, we need to improve and strengthen our cooperative bilateral and trilateral mechanisms in order to identify innovative and committed solutions to eliminate those threats and assure the well being and prosperity of our people.
We will also explore new avenues of cooperation and convergence to address issues such as arms trafficking, terrorism, money laundering, counterfeiting, trafficking of people and smuggling, and border violence.
We also met with representatives of the North American Competitiveness Council (NACC), whose contributions and advice in building a more prosperous and dynamic North America have been invaluable. We discussed the long-term challenges facing our three countries and how best to increase security and prosperity in North America, in order to make our region the best place to live, work and do business. Accordingly, we reiterate our interest in maintaining an open dialogue with business leaders and other stakeholders.
We reaffirm our commitment to the objectives of the SPP. We are convinced that greater cooperation and coordination will bring benefits to our countries. As we prepare for the next leaders' Summit in New Orleans, we will continue to work together to ensure progress in the priority areas identified at Montebello and other areas where there is ongoing work.
V. Investment Application
For summary and clarity of understanding: "The Security and Prosperity Partnership Of North America, the SPP which was announced on March 23, 2005, by Bush Fox and Martin, at Baylor University, set forth a framework of principles governing the security and prosperity of the continental homeland. The Leaders lead, stakeholders manage the continent's resources and factors of production, the people follow, and the investor places his investment resources in BullionVault.com, and his retirement resources in the gold ETF GLD, with protective puts -- sells purchased via credit margin".
Recommended sells are as follows:
1) UYG: The Whole Financial Sector Is Worthy Of Short Selling At This Time Because Of The S&P Downgrade Of Goldman Sachs and Lehman; This Can Be Done Via A Sell Of The ETF UYG.
Here is UYG as presented in its ongoing Google Finance Chart and in its ongoing Yahoo Finance Chart and in its ongoing Stockcharts.com Chart, this latter chart is most helpful as it shows a rise to 32.95 which is near its 50 day moving average of 34.03.
Here is the current Yahoo Finance chart of The 200% of financial sector ETF, UYG.
Here is the current Stockcharts.com chart of the ETF UYG which shows rising price on falling volume: a wonderful bearish short selling opportunity has arisen just this week.
2) BTA, VGM and CXE: Closed End Municipal Bond Funds Are Worthy Of Short Selling As The Municipal Bond Market Is In Distress
One should establish a small short position in these: BTA, VGM and CXE
3) Soon US Treasuries Will Be Worthy Of Short Selling
The US Treasury Bonds are only as good as the Federal Reserve's Balance Sheet
Currently the 30 Year US Treasury is doing very well as is seen in
the Google Finance chart of BTTRX and the Yahoo Finance chart of BTTRX.
There is coming a day soon when the US Treasuries are going to be worthy of short selling via the Rydex Mutual Fund RYJUX as presented by Google Finance and RYJUX as presented by Yahoo Finance
VI. Related Reading
J.P. Morgan Chase Buyout Of Bear Stearns – A Trillionaires Delight
The Bank of England's Balance Sheet - we should look at it a little more closely
Unconscious Socialism
Bear Stearns Financial Armageddon And You
The Federal Reserve and JP Morgan are both House of Rothschild/Bank Of England owned organizations; and through interlocking board of directorates the Rothschild family controls the news media as well as commercial organizations world wide.
II. The Federal Reserve Bailout Of Bear Stearns Via JP Morgan Prevented An Immediate Financial System Meltdown Yet In Effect Nationalized Investment Banking Together With Their Debts And Derivatives.
Sean Hackbarth of the American Mind writes: "We all know the Federal Reserve is providing $30 billion in financing for JP Morgan’s buyout of Bear Stearns, BSC. One reason JP Morgan got this was “Why not get the Fed to spot some cash, making the deal that much more digestible?” Another reason might have been to protect the bank’s balance sheet.
According to Fortune’s sources JP Morgan wanted the Fed to take $30 billion of Bear Stearns’ mortgage-backed securities as collateral to prevent JP from having to revalue its own mortgage-backed securities.
U.S. taxpayers are on the hook for billions in Bear Stearns’ debt. But the Fed and Treasury Secretary Paulsen felt Bear falling would have shocked markets in a deleterious way."
The announcement of the Federal Reserve's framework agreement to provide financial backing of JP Morgan, JPM, for the acquisition of Bear Stears, BSC, is both a new initiative and landmark, in Public Private Partnerships, which has the effect of nationalization of investment banking, similar to the nationalization of investment banking by the Bank of England acquisition of Northern Rock.
III. Also This Week, The Two Home Loan Mortgage GSEs Freddie Mac, FRE, And Fannie Mae, FNM, Were Effectively Nationalized, And In So Doing Accelerated A Process Of Privatizing Profits And Socializing Losses And Risks.
Doug Noland writing in his 02-22-2008 Prudent Bear article Nationalization writes: "I have fully expected the GSEs, at some point, to be taken over by the federal government. It may have been orchestrated subtly, but I can only presume that such a historic endeavor was accepted this week as the only means of averting financial dislocation. And for their regulator to suggest that the GSEs today have any handle whatsoever over their unfolding “risk management” challenge is wishful thinking - at best.
As far as I’m concerned, much of the U.S. mortgage market was this week essentially Nationalized. I’ll take the dramatic narrowing in agency debt and MBS spreads as support for this view. Additional support arrived from comments from Mr. Lockhart, Mr. Paulson, and actions by the Federal Reserve. Having lived contently for years with the markets’ interpretation of the (grey-area) “implied” government backing of the GSEs, our policymakers are surely today satisfied with the inferred market acceptance of mortgage industry Nationalization. To be sure, the Fed’s Splashy “Sunday Night Special” bailout of Bear Stearns is rather trivial in both its implications and consequences when compared to Thursday’s Quiet Coup.
The “average American” is getting slammed by rapid inflation in the prices for fuel, food, healthcare, education and other basis necessities. He was duped into various dangerous mortgage products to purchase homes with, in many cases, grossly inflated market values. Millions are in the process of losing virtually everything. He was also duped into various risky investment products, while the bursting of Bubble markets will leave him dreadfully unprepared for retirement. Now, he is seeing the returns from his savings crushed by the melee to bailout Wall Street “money changers” and speculators. Over the coming months, millions will lose their jobs with the inevitable adjustment and realignment to cope with post-Bubble realities. And now, apparently, the American taxpayer is to sit back and watch his contingent liabilities balloon (even further) with the Nationalization of the U.S. mortgage market.
I understand perfectly the motivation Wall Street, the Administration and the Fed have in blindly throwing the “kitchen sink” at this unfolding Crisis. These are indeed scary times bereft of solutions. I am certainly familiar with the view that bailing out Wall Street and the speculators is medicine necessary to stabilize the system. But not only is this approach both inequitable and unethical on moral grounds, it is my view that such endeavors will prove only further destabilizing for the system overall."
Mike Mish Sheldon in Quiet Coup Towards Nationalization writes: "Fannie and Freddie are likely to get into further trouble but it will likely take some time as the housing market continues to deteriorate. Indeed, the actions by the Office of Federal Housing Enterprise Oversight (OFHEO) to give Fannie and Freddie more rope in which to hang themselves are "quiet" step that will play out over time. It's not a waterfall event. Down the road, should Fannie and Freddie blow up, expect to see shareholders brutally punished, just as happened with Bear Stearns."
And Jeff relates that: "The GSEs are on the hook for the “timely payment of principle and interest” on more than $5 TN of American mortgages – and counting… Such obligations will, in the Post-Bubble Era, prove untenable." Yes its privitization of profits and socialization of losses, as he continues: "Basically if the downturn continues and prices continue to drop this will end up being a disaster. The result of expanding their ability to lend when they already have 5 trillion on the books will result in making the economy more destabilized (th GSE's FYI are Fanny and Freddie). It will also result in us paying for this mess as these become government entities."
IV. A Financial Emergency Is Coming And Via The SPP Will Place The House Of Rothschild As Sovereign Over The Peoples and Resources Of North America
The current actions of the Federal Reserve and OFHEO have prevented an immediate market meltdown; but a "financial emergency" -- "financial 911" is coming, from any number of factors, and most likely from factors acting in concert together: the result will be that the House Of Rothschild will be firmly in control of US finance, commerce and trade.
Factors include:
First, the S&P Cut To Negative Of Goldman's And Lehman's Debt.
Secondly, Treasuries' Repo Market Failures. Eline Meinel Supkis writes of this bond market instability relating that: "the bond markets are still malfunctioning. The banking crisis, far from being over, is entering a new stage. It is indeed, like watching a ship flounder and sink. The corrections are all making things worse. It is just amazing to me to see how attempts at bailing out the same men and women who put us into hazard is being cheered onwards even as it is painfully obvious that this is totally wrong. Resetting the status quo is doomed to failure since it doesn't address the core problems: the US budget and trade deficits".
It is interesting that the Bloomberg article mentions "short" in relation to US Treasury Bonds. I take this to mean two things: first, some are simply short, that is not returning, the borrowed asset; and second, have short interest, yes there is a lot of short interest in the Treasuries across the board and especially in the 2,5 and 10 year area.
And thirdly, another factor that could easily create a "financial emergency" are the credit default swaps, CDS, derivatives mentioned in the article: Credit Default Swaps, Is Your Fund At Risk.
Yes, a "systemic margin call" is coming, it will reveal the insolvent nature of the banks and investment bankers; and it will result in a "financial emergency".
A. The announcement of the SPP on March 23, 2005 made for a economic, political and investment sea change
Frameworks -- Leader's Agreements, neither treaties nor constitutions, now define and specify working relationships between nations and peoples; The SPP, is one such Framework.
Presented below is a photo from the Baylor University web site showing Condoleezza Rice And George Bush as they were greeted by Baylor University's Robert B. Sloan Jr. and members of his staff immediately prior to the announcement of the Security and Prosperity Partnership, the SPP, on March 23, 2005.
Mr. Sloan said: "It is an honor for Baylor University to host the leaders of the United States, Canada and Mexico," and he continued: "Here at Baylor, we want to teach our students to serve. Baylor today had the opportunity to serve on behalf of our country and the world, and it is a tremendous privilege for Baylor to host this trilateral meeting."
The Security And Prosperity Partnership provides state corporate rule to deal with systemic risks -- systemic failures such as debt guarantor insolvencies, and outbreak of pandemic disease, such as avian influenza as mentioned in the Leader's Joint Statement of March, 31, 2006 in Cancun, Mexico.
The photo below is of President George Bush with Robert J Stevens of Lockheed Martin and other business leaders in a March 2006 Security and Prosperity Partnership "Progress Meeting" held at the Cancun Summit.
Canada's Stephen Harper, spoke before the Economic Club of New York, where he related the need for a continental response to overseas threats to the continent' security and prosperity.
The think tank, Council on Foreign Relations, CFR, a David Rockefeller sponsored and directed organization, has called for Regional monetary integration; Andrew G. Marshall writing in a GlobalResearch.ca article sees this resulting the use of a continental currency: the Amero to replace the US Dollar, the Mexico Peso and the Canadia Loonie.
I believe that a continental response to either an oversees 'economic threat' or a continental response to a 'internal health or economic threat' by the combined Canadian and US Military under Northcom will see an expropriation of the continents' precious metal, natural gas, energy, energy service, steel, potash, coal and oil sand resources to be managed by combined state-corporate rule for the greater needs of the continent as a whole.
Up until this week, the natural resource stocks and ETfs have weathered the stock market storm that has come to the banking, finance and real estate sectors; but with the expropriation that I envision, the all natural resource atock are going to suffer dramatic falls, when action is taken to secure the Continent's security and prosperity interests.
Not only will the natural resource stocks fall, when the provisions of the SPP are enforced, but all stocks as well.
B. Currently, the stock market is in sideways consolidation.
Numerous charts and reports evidence the stock markets are in sideways consolidation, in a bear market; i.e. the SPX Daily Chart provided by SPX Trading shows S&P sideways direction moving towards resistance.
An Elliott Wave 3 of 3 Down commenced December 11, 2007 not only the Russell 2000 but all stocks as well.
The 3 of 3 waves are the most dramatic and sweeping of all waves; they create wealth on the way up and destroy it on the way down.
Elliott 3 Waves Up or Down, only occur in the presence of dramatic social moods, as well as dramatic political activity.
Socially for example: The last five years of investment exuberance have been accompanied from everything the Happy Meal, to the zenith of personal computing, to granting people home loans who never ever should have qualified for such.
Politically for example: The last five years has seen the rise of president who came to power charasmatically wooing the Evangelical Christians; and has risen to the level of the Unitary Executive.
Now, politically: with the announcement of the SPP, we have an entirely new political landscape: the word, the will, and the way of the leaders is now the law of the land, and the whole continent for that matter. We have the creation of a 'state-corporate combine' with 'security measures' in place, to rule over the resources and people of the North American continent; this will come when the provisions of the SPP are enforced to deal with the soon coming financial emergency and will result in a financial armageddon.
C. The Next Leaders' Meeting Is Scheduled For April 2008 In New Orleans
As stated above stakeholders -- ministers in government, and leaders in commerce, finance and industry have been coordinating in Summits and in working groups for three years now to provide the Trilateral Regulatory Cooperation Framework, -- the "Foundation Agreement" for unified state-corporate rule of the North American Continent, as well as to work out detailed and harmonized security trading, transportation and other corporate laws to address threats to the continent's security and prosperity; and now the Exchange Magazine: Security and Prosperity Section dated February 29, 2008 provides the following Agenda for then next Leaders' Joint Meeting in New Orleans of which I glean the following key components.
The announcement mentions the word, "our people". The three leaders, Bush, Fox and Martin, on March 23, 2005 announced a "homeland", governed by global principles of security and prosperity -- the Leaders and stakeholders are now sovereign: sovereign nations with their constitutions are a thing of the past.
A purpose of the Leaders' Joint Meeting is to announce, that is to communicate the legal status of, the Regulatory Cooperation Framework -- the strategic agreement that super cedes commerce and security laws of the individual nations of North America.
Thus, the Uniform Commercial Code, the UCC, which harmonized commercial transactions in the 50 state, is an economic and legal dinosaur made extinct by the SPP.
Initiatives taken under the SPP are to be seen as an extension of NAFTA with competitiveness being a key criteria and driving factor.
A focus of the Leader's Joint Meeting will be to enhance "emergency management and preparedness".
And a focus will be to meet with the "Continental Economic Congress" -- the North American Competitiveness Council -- the NACC described in the article from NAFTA to the SPP.
"Joint Statement by Ministers Responsible for the Security and Prosperity Partnership of North America":
OTTAWA - In preparation for our leaders' meeting in New Orleans on April 21-22, we, the ministers responsible for the Security and Prosperity Partnership of North America (SPP) met in Los Cabos, Baja California Sur, to review progress on the five priorities identified by leaders in Montebello and to discuss cooperative approaches to common challenges and opportunities.
This year marks the fifteenth anniversary of the implementation of the North American Free Trade Agreement (NAFTA). NAFTA has been a tremendous success: trade and commerce among our countries have grown exponentially. Trilateral merchandise trade is approximately $900 billion in 2007, significantly contributing to economic growth and increased standards of living in all three countries.
The SPP builds on this dynamic relationship by providing Canada, Mexico and the United States a partnership to build a safer, more secure and economically dynamic North America, while respecting the sovereignty, laws, unique heritage, and culture of each country.
In order to give guidance and achieve results in advance of the April 2008 North American leaders' Summit, we have reviewed progress achieved since Montebello and have directed officials to:
- Competitiveness: Continue to implement the strategy to combat piracy and counterfeiting, and build on the Regulatory Cooperation Framework by pursuing collaboration through sectoral initiatives, with an emphasis on the automotive sector;
- Safe Food & Products: Strengthen cooperation to better identify, assess and manage unsafe food and products before they enter North America, and collaborate to promote the compatibility of our related regulatory and inspection regimes;
- Energy and Environment: Develop projects under the newly signed Agreement on Science and Technology; and cooperate on moving new technologies to the marketplace, auto fuel efficiency and energy efficiency standards;
- Smart & Secure Borders: Strengthen cooperation protocols and create new mechanisms to secure our common borders while facilitating legitimate travel and trade in the North American region;
- Emergency Management and Preparedness: Strengthen emergency management cooperation capacity in the North American region before, during and after disasters.
We also instructed officials to consider innovative ways to advance these five priorities, to enhance our dialogue and further our cooperation.
We recognize the work of our colleagues from the various agencies and departments that have contributed and will continue to contribute to advancing bilateral and trilateral cooperation.
We acknowledge the challenges that transnational crime poses to our region and our assessment indicates that some accomplishments have been made. Nevertheless, we need to improve and strengthen our cooperative bilateral and trilateral mechanisms in order to identify innovative and committed solutions to eliminate those threats and assure the well being and prosperity of our people.
We will also explore new avenues of cooperation and convergence to address issues such as arms trafficking, terrorism, money laundering, counterfeiting, trafficking of people and smuggling, and border violence.
We also met with representatives of the North American Competitiveness Council (NACC), whose contributions and advice in building a more prosperous and dynamic North America have been invaluable. We discussed the long-term challenges facing our three countries and how best to increase security and prosperity in North America, in order to make our region the best place to live, work and do business. Accordingly, we reiterate our interest in maintaining an open dialogue with business leaders and other stakeholders.
We reaffirm our commitment to the objectives of the SPP. We are convinced that greater cooperation and coordination will bring benefits to our countries. As we prepare for the next leaders' Summit in New Orleans, we will continue to work together to ensure progress in the priority areas identified at Montebello and other areas where there is ongoing work.
V. Investment Application
For summary and clarity of understanding: "The Security and Prosperity Partnership Of North America, the SPP which was announced on March 23, 2005, by Bush Fox and Martin, at Baylor University, set forth a framework of principles governing the security and prosperity of the continental homeland. The Leaders lead, stakeholders manage the continent's resources and factors of production, the people follow, and the investor places his investment resources in BullionVault.com, and his retirement resources in the gold ETF GLD, with protective puts -- sells purchased via credit margin".
Recommended sells are as follows:
1) UYG: The Whole Financial Sector Is Worthy Of Short Selling At This Time Because Of The S&P Downgrade Of Goldman Sachs and Lehman; This Can Be Done Via A Sell Of The ETF UYG.
Here is UYG as presented in its ongoing Google Finance Chart and in its ongoing Yahoo Finance Chart and in its ongoing Stockcharts.com Chart, this latter chart is most helpful as it shows a rise to 32.95 which is near its 50 day moving average of 34.03.
Here is the current Yahoo Finance chart of The 200% of financial sector ETF, UYG.
Here is the current Stockcharts.com chart of the ETF UYG which shows rising price on falling volume: a wonderful bearish short selling opportunity has arisen just this week.
2) BTA, VGM and CXE: Closed End Municipal Bond Funds Are Worthy Of Short Selling As The Municipal Bond Market Is In Distress
One should establish a small short position in these: BTA, VGM and CXE
3) Soon US Treasuries Will Be Worthy Of Short Selling
The US Treasury Bonds are only as good as the Federal Reserve's Balance Sheet
Currently the 30 Year US Treasury is doing very well as is seen in
the Google Finance chart of BTTRX and the Yahoo Finance chart of BTTRX.
There is coming a day soon when the US Treasuries are going to be worthy of short selling via the Rydex Mutual Fund RYJUX as presented by Google Finance and RYJUX as presented by Yahoo Finance
VI. Related Reading
J.P. Morgan Chase Buyout Of Bear Stearns – A Trillionaires Delight
The Bank of England's Balance Sheet - we should look at it a little more closely
Unconscious Socialism
Bear Stearns Financial Armageddon And You
