Friday, 30 March 2012

JAPAN WILL TAKE THE WORLD’S BREATH AWAY: PARTS 1 AND 2

The Intel Hub
By M.N. Gordon
March 27, 2012

Last Sunday, in Long Beach, California, the impossible happened…it rained for the second consecutive weekend.  Just ask anyone who lives here.  That never happens.

We’re not complaining.  Without the wet weather we would have never discovered the hole in the bottom of our shoe.  Nevertheless, we bring this up to make the point that the seemingly impossible happens all the time.

Last August, for instance, something absolutely ridiculous occurred…during the summer twilight the world was preparing for mass inflation and mass deflation in tandem.  This manifested for everyone to see when, in broad daylight, $1,820 per ounce gold and 1.98 percent 10 Year Treasury yields came into existence simultaneously.  If we hadn’t witnessed this extreme and illogical price disparity with our own two eyes we’d say it was impossible.  Yet it happened all the same.

By all accounts, what the world learned last summer was what happens when the Fed borrows vast quantities of money into existence and uses it to buy government debt.  For a time, gold prices go up and bond yields go down.  But what happens after such devious money games are played is what has yet to be discovered.

Perhaps, we will soon find out.
So far this year stocks have been going up nearly as fast as gas prices.  Year to date the S&P 500’s up over 12 percent.  Gold, on the other hand, has sagged to the mid $1,600s.

More ominously, on March 19th, yields on 10 Year Treasuries jumped above 2.37 percent.  Could this be a signal the great government debt bubble, which has been continuously puffing up over the last 30-years, is coming to an end?

INSIGHTFUL INSTRUCTION FROM JAPAN

Obviously, the Fed is determined to prevent this from happening.  They’ve promised to keep the federal funds rate near zero until late 2014.  Still, despite their ardent resolve, they may not be successful…particularly if the economy improves.

After years of heavy handed market intervention by the Fed, a perverse paradox has taken place. 

The Fed wants low interest rates to boost the economy.  Yet an improving economy entices money to exit treasuries and chase higher returns in higher risk assets like stocks.  If money flows out of government debt too rapidly, treasury investors may panic and dump their holdings causing yields to spike upward while depressing the economy.

In this respect, the sweet spot for the economy is growth ranging from 1-to-2 percent and a flat stock market.  Anything less and the Fed will have to print money to keep debt deflation from taking over.  Anything more and treasury markets could destabilize.

But before things really get out of hand in the United States we suspect there will be some insightful instruction offered up by Japan.

If you didn’t know it, Japan’s public debt is 200 percent of GDP.  By comparison, that’s double that of the United States.  Different than the United States, however, Japan has financed its debt domestically.

The way Japan has been able to get by without borrowing from foreigners is through its positive trade balance.  By exporting more than they import Japan’s population could use their proceeds to support their government’s budget gaps.  But those days may have come to an end.

JAPAN WILL TAKE THE WORLD’S BREATH AWAY

Years ago, when New Deal policies rocketed U.S. government debt into the stratosphere, the FDR brain trust came together to dismiss the concern.  At the center of the brain trust was John Maynard Keynes, the grandfather of public spending.  Together they came up with a new theory of public debt so indifferent, and cavalier, it excused the politicians in power and dumbfounded the opposition.

In a 1958 speech, the late William F. Buckley Jr. recounts the saga:
“Depicting the intoxicating political consequences of Lord Keynes’s discovery, the wry cartoonist of the Washington Times Herald drew a memorable picture.  In the center, sitting on a throne in front of a maypole, was a jubilant FDR, cigarette tilted up almost vertically, a grin on his face that stretched from ear to ear.  Dancing about him in a circle, hands clasped together, their faces glowing with ecstasy, the braintrusters, vested in academic robes, sang the magical incantation, the great discovery of Lord Keynes: ‘WE OWE IT TO OURSELVES.’
“With five talismanic words, the planners had disposed of the problem of deficit spending.  Anyone thenceforward who worried about an increase in the national debt was just plain ignorant of the central insight of modern economics: What do we care how much we ~ the government ~ owe so long as we owe it to ourselves?  On with the spending.”
Here at the Economic Prism, like Buckley, we take issue with Keynes’ insight.  But, at the moment, that’s beside the point.  For the point is, unlike the United States, Japan has owed their massive debt to themselves. 

But, alas, that may now be changing…

In 2011, Japan ran a trade deficit for the first time since 1980.  What’s more, in January, Japan ran a trade deficit of $5.4 billion, its largest monthly trade deficit ever.  If this keeps up Japan will have to turn to foreign investors to finance their government debt.  That means Japan will no longer owe it to themselves.

Moreover, at a debt to GDP level of 200 percent, who in their right mind will buy Japan’s government debt…especially when their 10 year bond’s yielding just 1 percent?

No doubt, when push comes to shove, we fully expect the Bank of Japan will monetize the debt. 

What come after will take the world’s breath away.

JAPAN WILL TAKE THE WORLD’S BREATH AWAY PART 2

The National Bureau of Economic Research marks June 2009 as the end of the Great Recession. 

That means the United States economy has been in recovery for nearly three years.

Semantically this is accurate…all the stimulus and monetary easing has successfully pushed GDP into positive over this time.  But just what type of recovery is this?

According to the latest CNBC All-American Survey, 36 percent of the American public believes the economy will improve over the next year.  Apparently, this is a 9 percent increase over the survey results from November 2011.

Yet, despite the marked improvement, what this means is, 64 percent of Americans still believe the economy will not improve over the next year.

Clearly, the populace has become aware that something has gone seriously wrong with the economy. 

Across the republic, people are coming to grips with the fact that it’s not possible for an economy to borrow and spend its way to prosperity indefinitely.  Eventually the debts must be reckoned ~ either by default or inflation.

Earlier this week we scribbled some thoughts on the current pickle Japan finds itself in; namely, a debt to GDP level of 200 percent, its first annual trade deficit in over 30-years, and the likely propensity to cover the budget gap through debt monetization.

Several reader comments requested a part 2, specifically detailing what they should do to prepare for the looming crisis.  While we don’t have the answers, we do have some anecdotes and we are glad to offer them.

To begin, the approaching Japanese debt crackup will be a warm up for the subsequent U.S. debt crackup.  In fact, for a time, as Japan blows up, the U.S. may appear to be in good shape.

When investors exit Japanese government debt it’s likely that some will enter U.S. government debt.  This will push treasury yields down…giving the U.S. government a little more rope to hang itself with.

Nonetheless, the U.S. will eventually have its turn in the barrel.  At some point, foreign creditors will exit their treasury holdings and the Federal Reserve will be forced to print money to paper over the government’s budget shortfall.  This will be the ultimate conclusion to the dollar standard era.

During periods of rapid currency debasement, tangible assets, like gold, silver, oil, and farmland, are proven vehicles for wealth preservation.  No doubt, those with the means to do so should consider diversifying some of their savings into established inflation hedges.

But for the rest of us working stiffs struggling to make ends meet ~ aside from purchasing food storage, stocking up on gravity flow water filtration systems, and planting a vegetable garden ~ the best thing to do is to try to stay out of the way.

In a moment, we’ll provide some practical ideas, including a 12-point plan that anyone can follow to do so.  But first some thoughts on what to expect, garnered from experiences visiting in-laws in Mexico City:

HOW GOVERNMENTS IMPOVERISH THEIR CITIZENRY

Mexico City, if you’ve never been, is quite a sight.  It’s more than double the population of Los Angeles.  What’s more, the pace of activity makes Los Angeles feel sleepy and southern California’s Highway system seem, calm, organized, and sound.

The juxtaposition of pre-colonial ruins, Medieval Spanish architecture, and modern skyscrapers is extraordinarily fascinating.  But for us, with each visit, what we find fascinating is the ever present instruction of what happens when overzealous governments overspend then inflate their currency to pay their debts.

So, too, we find ominous warnings of what may come for the United States because of the government’s financial imprudence.

Like the United States, Mexico’s economy experienced robust growth during the mid-part of the 20th century.  The period from 1930 to 1970 was later called the “Mexican Miracle” by economic historians for this reason.

Mexico’s GDP increased 4.2 percent between 1929 and 1945 and then it accelerated to 6.5 percent between 1945 and 1972.  Even during the inflationary 1970s, Mexico’s abundance of oil and other resources helped sustain a 5.5 percent GDP between 1972 and 1981.

But the high water mark for Mexico, culminating with the 1968 Olympics in Mexico City, had already surged, and the flow of wealth had begun to recede, so that by the late 1970s living conditions were second rate for the broad population.

What went wrong?

During the 1970s, the successive administrations of Luis Echeverría Álvarez and José López Portillo, dramatically expanded the Country’s social development policies.  In other words, they increased public spending and financed the spending with debt.

During this period, Mexico’s external debt soared over 300 percent from $6 billion in 1970 to $20 billion in 1976.

The effect was many violent devaluations of the peso, from 12.50 pesos per dollar in 1954 to 20 pesos per dollar in late 1976, which devastated the middle class. In 1981-1982 oil prices crashed on the international market just as interest rates spiked.  After that, the government really made a mess of things.

In 1982, President López Portillo, just before ending his administration, suspended payments of foreign debt, devalued the peso and nationalized the banking system, along with many other industries that were severely affected by the crisis.  Any hope for a quick return to economic progress vanished.

But ten years later it looked like Mexico had finally turned a corner.  After 12-years of economic malaise, it appeared Mexico was primed for an economic boom.

NAFTA had been approved and everyone just knew that Mexico was going to be the next big thing.  The world took note and foreign investment flooded into the country inflating the value of the peso.

The administration of then President Carlos Salinas de Goratri couldn’t believe their good fortune.  Like any good government…they spent their bonanza ~ and then they spent some more.  By the end of 1994 Mexico was running a deficit that was 7 percent of GDP and foreign investors had seen enough.

They dumped their holdings and the peso crashed in spectacular fashion.  In the space of one week the peso fell 44 percent against the dollar.  Mexico’s economy crashed too.

Currencies, both north and south of the Rio Grande, ain’t what they use to be.  Not long ago they were as reliable as a rooster at dawn; now they’re as crooked as a politician’s spine.  We know this not by reading the history books, nor by hearsay, but by the honest, verifiable, silver dollar and silver peso we’re holding in our hands.

The Peace Dollar is a United States dollar silver coin minted in the 1920s.  At the time of its mint, one coin equaled one dollar and each dollar contained 0.77344 troy ounces of silver.  The 1932 Un Peso is a Mexican silver peso.  At the time of its mint, one coin equaled one peso and each peso contained 0.3856 troy ounces of silver.

The exchange rate was really simple.  Based on their silver content, two pesos equaled one dollar.  Nowadays, both pesos and dollars are merely paper promissory notes from the government.

Their value is derived by their government’s track record of stewardship and the international currency market’s acceptance of the government’s ability to make payments on their debt.

Today it takes about 13 pesos to buy one dollar.  As you can see, until recently, the Mexican government has been less upright in managing its currency than the United States has over the last 80 years.  But when you use silver as the measuring stick, the picture changes…

Where it took about $1.29 dollars to buy an ounce of silver in the 1920s, today it takes $31.98 dollars to buy an ounce of silver.  This means silver costs 2,479-percent more in dollar terms.

In pesos, however, it’s a downright disgrace.  Where it took $2.58 pesos to buy an ounce of silver in 1932, today it takes $407.75 pesos to buy an ounce of silver.  Astonishingly, silver now costs 15,804-percent more in peso terms.

Here’s the point:

It doesn’t take much time touring around Mexico City to discover that behind the hustle and bustle, not only has the government successfully vaporized their currency, they have successfully vaporized their middle class.

You can actually see its nonexistence everywhere you look and, if you squint your eyes just right, you can see the ashes of its prior existence within the cracks of decay.

Mexico is a textbook lesson on how governments impoverish their citizenry.  One day, perhaps soon, similar consequences of government money mischief will be splattered across El Norte too.

What to do about it?

HOW TO SURVIVE THE ECONOMIC CRISIS

Several years ago, following many reader inquiries, we attempted to offer ~ from the heart ~ practical, discretionary advice on what to do to survive the economic crisis.  At the time, it served our readers well.  For your benefit today, and by reader request, we’ll revisit it…with some minor updates…
1.  Always take what’s yours…plus a little bit more.  You’ll undoubtedly need it with Barack Obama in office for another term.

2.  Never shake hands with your right hand, without first crossing the fingers of your left hand securely behind your back.

3.  Always look out for No. 1, save stepping in No. 2.

4.  Never give a beggar your pocket change, except when to do so is to buy them a drink.

5.  Know the difference between honesty with yourself and honesty with others.  The former must be rigorous; the later must be flexible…especially when applying for insurance.

6.  Never kick a man when he is down; so too, never hasten to help him up.

7.  Always stiff your waitress…barring the rare occasion they actually earn the tip.

8.  Never con widows and orphans; all others are fair game.

9.  Do not worry about money; what you don’t have should be of little concern.

10.  Never forget that there’s a fool on every corner and a sucker born every minute.  Avoid being one of them when at all possible; for it is both demoralizing and expensive.

11.  Do not take it personal when you lose your job…this economy stinks; a lot of other good people will have lost theirs too.

12.  Remember always that this too shall pass; though never fast enough.  So keep your head up.  For even during a depression the birds still sing, the flowers still bloom, and those of sound mind and body get through it a little wiser…if not a lot slimmer.
Thanks for reading.

MN Gordon (send him email) is the editor of the Economic Prism.  Visit Economic Prism.  The Economic Prism is published by Direct Expressions LLC.  Subscribe Today to the Economic Prism E-Newsletter at http://www.economicprismletter.com

No comments:

Post a Comment

Please. No spam. No hate spewing. Religious quotations not so much. If your comment is not posted, it was deemed offensive.

QUOTES BY JEWS

“The Talmud is to this day the circulating heart’s blood of the Jewish religion. Whatever laws, customs or ceremonies we observe – whether we are Orthodox, Conservative, Reform or merely spasmodic sentimentalists – we follow the Talmud. It is our common law.” ~ Herman Wouk

WISE WORDS AND WARNINGS OF WICKEDNESS


"If [Jews] are as wise as they claim to be, they will labour to make Jews American, instead of labouring to make America Jewish. The genius of the United States of America is Christian in the broadest sense, and its destiny is to remain Christian. This carries no sectarian meaning with it, but relates to a basic principle which differs from other principles in that it provides for liberty with morality, and pledges society to a code of relations based on fundamental Christian conceptions of human rights and duties." ~ Henry Ford

“It doesn’t even enter their heads to build up a Jewish state in Palestine for the purpose of living there; all they want is a central organization for their international world swindle, endowed with its own sovereign rights and removed from the intervention of other states: a haven for convicted scoundrels and a university for budding crooks.” ~ Adolf Hitler, Mein Kampf, Chapter 11

**********

The real God of the Universe does not have “Chosen” in the first place because he is perfect as we understand and predilection is a human weakness. The Jews invented the OT to fool humanity as always. The real God of the Universe does not send any body to kill, destroy his own creation, to rape, to maim, to create misery and havoc on other people. Don’t you get it? the God in the OT is a monster, is another one of the many Gods in the dessert, those sacrifices offered to God are Satanic as their name and the Jews keep offering sacrifices to their God. Last year they immolated thousands of human beings in Gaza to their God Baal, Moloch, Azazel, Satan, Lucifer. ~Isaas, TUT

**********

"I had been asked to sign a pledge for Israel when I first became a candidate for Congress and after refusing to do so my congressional career became trench warfare, hand to hand combat just to remain in the congress.


Ever since my refusal to sign that pledge for Israel the pro-Israel lobby let me know that my political net was in the hangman's noose it was the pro-Israel lobby they decided to tighten that noose." ~ Cynthia McKinney

**********

"Himself a Jew, Marx has around him, in London and France, but especially in Germany, a multitude of more or less clever, scheming, agile, speculating Jews ~ such as Jews are everywhere: commercial or banking agents, writers, politicians, reporters for newspapers of all shades, with one foot in the bank and the other in the socialist movement, and with their arses sitted upon the German daily press ~ they have taken possession of all the newspapers ~ and you can imagine what kind of sickening literature they produce. Now, this entire Jewish world, which glut a single profiteering sect, a nation of blooksuckers, a single gluttonous parasite closely and intimately interlinked not only across national borders, but across all differences of political opinion ~ this Jewish world today stands for the most part at the disposal of Marx and, at the same time, at the disposal of Rothschild.

**********

This may seem strange. What can there be in common between Communism and the largest banks? Ho-ho! The Communism of Marx seeks an enormous centralization of the state, and where such exists, there must inevitably be a central state bank, and where such a bank exists, the parasitic Jewish nation, which profiteers from the labour of others, will always find a way to prevail. In reality, for the proletariat, this would be a barrack regime, under which the working men and the working women, converted into a uniform mass, would rise, fall asleep, work, and live at the beat of the drum." ~ Bakunin (1814-1876)

**********

“We entered the synagogue, which was packed with the greatest stinking bunch of humanity I have ever seen. When we got about halfway up, the head rabbi, who was dressed in a fur hat similar to that worn by Henry VIII of England and in a surplice heavily embroidered and very filthy, came down and met the General (Eisenhower)...The smell was so terrible that I almost fainted and actually about three hours later lost my lunch as the result remembering it." ~ General Patton in Germany, diary entry Sept 17, 1945
**********

The U.S. Congress officially recognized the Noahide Laws in legislation that was passed by both houses. Congress and the President of the U. S., George Bush, indicated in Public Law 102-14, 102nd Congress, that the United States of America was founded upon the Seven Universal Laws of Noah, and that these Laws have been the bedrock of society from the dawn of civilization. They also acknowledged that the Seven Laws of Noah are the foundation upon which civilization stands and that recent weakening of these principles threaten the fabric of civilized society, and that justified preoccupation in educating the Citizens of the U.S. of America and future generations is needed. For this purpose, this Public Law designated March 26, 1991 as Education Day.”
**********

Marxism, to which all branches of Socialism necessarily adhere, was originated by Jew Karl Marx, himself of rabbinical descent and has been dominated by them from the beginning. Marx did not actually originate anything; he merely “streamlined” Talmudism for Gentile consumption.” ~ Elizabeth Dilling

**********
Every time anyone says that Israel is our only friend in the Middle East, I can’t help but think that before Israel, we had no enemies in the Middle East.” ~ Fr. John Sheehan, S.J.

**********

The cruel canard ‘anti-Semitic’ does not apply for many reasons, not the least of which is the simple fact that the slanderous word itself is derived from language games for purposes of propaganda and in real world context has no validity. ~ Tom Valentine

**********

Follow the path of the unsafe, independent thinker.

Expose your ideas to the dangers of controversy.

Speak your mind and fear less the label of 'crackpot'

than the stigma of conformity.

And on issues that seem important to you,

Stand up and be counted at any cost.

~ Thomas J Watson (1874-1956)

**********

'There is no such thing, at this date of the world's history, in America, as an independent press. You know it and I know it. The business of the Journalist is to destroy truth; to lie outright; to pervert; to vilify; to fawn at the feet of mammon, and to sell his country and his race for his daily bread. You know it and I know it and what folly is this toasting an independent press? We are the tools and vassals for rich men behind the scenes. We are the jumping jacks, they pull the strings and we dance. Our talents, our possibilities and our lives are all the property of other men. We are intellectual prostitutes.' ~ John Swinton, former Chief of Staff, The New York Times, 1953

**********

WHAT TALMUDICS THINK

Historically, Jews had always thrived in nations and empires with multicultural, pluralistic and tolerant environments, while they fared badly in strong ethnic or nationalistic societies. European Jews have always been the emblematic stranger or ‘other’. Therefore, by definition, a society where the stranger is welcome is good for the Jews, although they have not always appreciated this link. The future of European Jewry is dependent on our ability to shape a multicultural, pluralistic and diverse society. ~ Göran Rosenberg, Jewish author and journalist

**********

American Jews are committed to cultural tolerance because of their belief ~ one firmly rooted in history ~ that Jews are safe only in a society acceptant of a wide range of attitudes and behaviors, as well as a diversity of religious and ethnic groups. It is this belief, for example, not approval of homosexuality, that leads an overwhelming majority of U.S. Jews to endorse ‘gay rights’ and to take a liberal stance on most other so-called ‘social’ issues. ~ Charles Silberman, Jewish writer and journalist

**********

The Jew … Judaizes … he provokes religious indifference, but he also imposes on those whose faith he destroys, his own concept of the world, of morality, and of human life. The Jews detests the spirit of the nation in the midst of which they live. ~ Bernard Lazare

**********

We will legally define the Talmud as the basis of the Israeli legal system. ~ Benjamin Netanyahu

**********

"Anti-Communism is Antisemitism." ~ Jewish Voice, July ~ August 1941.

**********

We Jews, we, the destroyers, will remain the destroyers forever. Nothing that you will do will meet our needs and demands. We will forever destroy because we need a world of our own. ~ Maurice Samuels, You Gentiles. 1942.

**********

According to the Talmud...."...When the serpent came unto Eve, he infused filthy lust in her (but) when Israel stood on Sinai, that lust was eliminated" ~ Talmud, Abodah Zarah 22b

**********

As monstrous as it may seem, we are engaged in close combat between Israel and the Nations ~ and it can only be genocidal and total because it is about our and their identities. ~ Yitzhak Attia, Israel Magazine, April 2003

**********

"Some may call it Communism, but I call it what it is: Judaism." ~ Rabbi Stephen Weiss.

**********

It was hard for Satan alone to mislead the whole world, so he appointed prominent rabbis in different localities. ~ A Chasidic saying attributed to Nahman of Bratzlav, early 19th century

**********

It is our duty to force all mankind to accept the seven Noahide laws, and if not ~ they will be killed." ~ Rabbi Yitzhak Ginsburg

**********

"The Jews are called human beings, but the non-Jews are not humans. They are beasts." ~ Talmud: Baba mezia, 114b
**********

"The Akum (non-Jew) is like a dog. Yes, the scripture teaches to honor the the dog more than the non-Jew." ~ Ereget Raschi Erod. 22 30
**********

"Even though God created the non-Jew they are still animals in human form. It is not becoming for a Jew to be served by an animal. Therefore he will be served by animals in human form." ~ Midrasch Talpioth, p. 255, Warsaw 1855
**********

Dear World, "I understand that you are upset by us here in Israel. Indeed, it appears you are very upset, even angry. So…it is because we became so upset over upsetting you, dear world, that we decided to leave you ~ and establish a Jewish State.” ~ Rabbi Meir Kahane, 1988

**********

"A pregnant non-Jew is no better than a pregnant animal." ~ Coschen hamischpat 405
**********

"The souls of non-Jews come from impure sprits and are called pigs." ~ Jalkut Rubeni gadol 12b
**********

"Although the non-Jew has the same body structure as the Jew, they compare with the Jew like a monkey to a human." ~ Schene luchoth haberith, p. 250 b
**********

"If you eat with a Gentile, it is the same as eating with a dog." ~ Tosapoth, Jebamoth 94b
**********

"If a Jew has a non-Jewish servant or maid who dies, one should not express sympathy to the Jew. You should tell the Jew: "God will replace 'your loss', just as if one of his oxen or asses had died." ~ Jore dea 377, 1

**********

"Sexual intercourse between Gentiles is like intercourse between animals." ~ Talmud Sanhedrin 74b

**********

"It is permitted to take the body and the life of a Gentile." ~ Sepher ikkarim III c 25
**********

"It is the law to kill anyone who denies the Torah. The Christians belong to the denying ones of the Torah." ~ Coschen hamischpat 425 Hagah 425. 5
**********

"A heretic Gentile you may kill outright with your own hands." ~ Talmud, Abodah Zara, 4b
**********

"Every Jew, who spills the blood of the godless (non-Jews), is doing the same as making a sacrifice to God." ~ Talmud: Bammidber raba c 21 & Jalkut 772

**********

Treason to whiteness is loyalty to humanity. The goal of abolishing the white race is on its face so desirable that some may find it hard to believe that it could incur any opposition other than from committed white supremacists. ~ Noel Ignatiev, Harvard Magazine, Sep-Oct 2002

**********

We intend to keep bashing the dead white males, and the live ones, and the females too, until the social construct known as ‘the white race’ is destroyed, not ‘deconstructed’ but destroyed.

Even if reason tells us, even shouts with all its force the very absurdity of this confrontation between the small and insignificant people of Israel [i.e., all Jewry worldwide, not just “the State of Israel”] and the rest of humanity… as absurd, as incoherent and as monstrous as it may seem, we are engaged in close combat between Israel and the Nations ~ and it can only be genocidal and total because it is about our and their identities. ~ Yitzhak Attia, Israel Magazine, April 2003

**********

Any trial based on the assumption that Jews and goyim are equal is a total travesty of justice. ~ Rabbi Yitzhak Ginsburg, June 6, 1989:

**********

REVENGE OF THE JEWISH RABBIS OF SPAIN
In 1492 CE, Chemor, chief Rabbi of Spain, wrote to the Grand Sanhedrin, which had its seat in Constantinople, for advice, when a Spanish law threatened expulsion (after the fall of Muslim rule in spain).

This was the reply:

” Beloved brethren in Moses, we have received your letter in which you tell us of the anxieties and misfortunes which you are enduring. We are pierced by as great pain to hear it as yourselves. The advice of the Grand Satraps and Rabbis is the following:

1. As for what you say that the King of Spain obliges you to become Christians: do it, since you cannot do otherwise.
2. As for what you say about the command to despoil you of your property: make your sons merchants that they may despoil, little by little, the Christians of theirs.
3. As for what you say about making attempts on your lives: make your sons doctors and apothecaries, that they may take away Christians’ lives.
4. As for what you say of their destroying your synagogues: make your sons canons and clerics in order that they may destroy their churches. [Emphasis mine]
5. As for the many other vexations you complain of: arrange that your sons become advocates and lawyers, and see that they always mix in affairs of State, that by putting Christians under your yoke you may dominate the world and be avenged on them.
6. Do not swerve from this order that we give you, because you will find by experience that, humiliated as you are, you will reach the actuality of power.

(Signed) PRINCE OF THE JEWS OF CONSTANTINOPLE.”
------------ --------- --------- --------- --------- --------- --------- --------- ----
The reply is found in the sixteenth century Spanish book, La Silva Curiosa, by Julio-Iniguez de Medrano (Paris, Orry, 1608), on pages 156 and 157, with the following explanation: “This letter following was found in the archives of Toledo by the Hermit of Salamanca, (while) searching the ancient records of the kingdoms of Spain; and, as it is expressive and remarkable, I wish to write it here.” ~ vide, photostat facing page 80. ~ The above was quoted from Waters Flowing Eastward by Paquita de Shishmareff, pp. 73-74

**********

“[1] When the Lord your God brings you into the land that you are about to enter and occupy, and he clears away many nations before you ~ the Hittites, the Girgashites, the Amorites, the Canaanites, the Perizzites, the Hivites, and the Jebusites, seven nations mightier and more numerous than you – [2] and when the Lord your God gives them over to you and you defeat them, then you must utterly destroy them. Make no covenant with them and show them no mercy” (Deut 7:1-2).

**********

"Compassion towards the wicked is really wickedness. It is along these lines that Rabbi Levi opened his speech in honor of Purim: (Talmud, Megillah, 11a): "If you do not uproot the inhabitants of the Land, and allow them to remain - they will become thorns in your sides, and will cause trouble for you in the Land in which you dwell." (Bamidbar 33:55) The mitzvah, then of wiping out Amalek [Palestinians], actually stems from the value of compassion and kindness - compassion on all those whom Amalek threatens to exterminate. This mitzvah is an ongoing one, and valid even today. Today, too, there are those - driven by a deep-seeded anti-Semitism - who desperately wish to kill us. These are the people whom the Torah commanded us to obliterate, to leave no memory of them." ~ Rabbi Zalman Baruch Melamed

**********

Nachman Abramovic demonized Palestinian children stating: “They may look young to you, but these people are terrorists at heart. Don’t look at their deceptively innocent faces, try to think of the demons inside each of them. I am absolutely certain these people would grow to be evil terrorists if we allowed them to grow. Would you allow them to grow to kill your children or finish them off right now? Honest and moral people ought to differentiate between true humans and human animals. We do kill human animals and we do so unapologetically. Besides, who in the West is in a position to lecture us on killing human animals. After all, whose hands are clean?”

**********

"Wars are the Jews’ harvest, for with them we wipe out the Christians and get control of their gold. We have already killed 100 million of them, and the end is not yet." ~ Chief Rabbi in France, in 1859, Rabbi Reichorn

**********

"The Communist soul is the soul of Judaism. Hence it follows that, just as in the Russian revolution the triumph of Communism was the triumph of Judaism, so also in the triumph of fascism will triumph Judaism." ~ Rabbi Harry Waton, A Program for the Jews and Humanity, p. 143-144

**********

If a Jew is tempted to do evil he should go to a city where he is not known and do the evil there. ~ Moed Kattan 17a

**********

The Jewish people as a whole will become its own Messiah. It will attain world domination by the dissolution of other races, by the abolition of frontiers, the annihilation of monarchy and by the establishment of a world republic in which the Jews will everywhere exercise the privilege of citizenship. In this New World Order, the “children of Israel” will furnish all the leaders without encountering opposition. The governments of the different peoples forming the world republic will fall without difficulty into the hands of the Jews. It will then be possible for the Jewish rulers to abolish private property and everywhere to make use of the resources of the state. Thus will the promise of the Talmud be fulfilled in which it is said that when the Messianic time is come, the Jews will have all the property of the whole world in their hands. ~ Baruch Levy in a letter to Karl Marx.

**********

"My opinion of Christian Zionists? They're scum, but don't tell them that. We need all the useful idiots we can get right now." ~ Bibi Netanyahu

**********

It was hard for Satan alone to mislead the whole world, so he appointed prominent rabbis in different localities. ~ A Chasidic saying attributed to Nahman of Bratzlav, early 19th century

**********

Gentiles exist only to serve Jews as slaves. Goyim were only born to serve us. Without that they have no place in the world. Only to serve the people of Israel. Why are gentiles needed? They are only here to work. They will work, they will plow. They will reap. We will sit like effendi and eat. That is why gentiles were created,” Rabbi Yosef, Sha Party, Jerusalem Post, 2011

**********

"An example of the use of the Jewish code words Esau and Jacob is found in a sermon preached by Rabbi Leon Spitz during the Purim observances in 1946 (quoted here from the American Hebrew of March 1, 1946) : "Let Esau whine and wail and protest to the civilized world, and let Jacob raise his hand to fight the good fight. The anti-Semite . . . understands but one language, and he must be dealt with on his own level. The Purim Jews stood up for their lives. American Jews, too. must come to grips with our contemporary anti-Semites. We must fill our jails with anti-Semitic gangsters. We must fill our insane asylums with anti-Semitic lunatics. We must combat every alien. Jew-hater. We must Harass and prosecute our Jew-baiters to the extreme limits of the laws. We must humble and shame our anti-Semitic hoodlums to such an extent that none will wish or dare to become (their) 'fellow-travelers'.

**********

This is what Trotsky, a Jew, was preparing for the Russians for the implementation of Communism, which Marx based on the Babylonian Talmud for Gentiles:

"We should turn Her (Russia) into a desert populated with white Niggers. We will impose upon them such a tyranny that was never dreamt by the most hideous despots of the East. The peculiar trait of that tyranny is that it will be enacted from the left rather than the right and it will be red rather than white in color.

Its color will be red literally because we would spill such torrents of blood that they will pale all human losses of the capitalist wars and make the survivors shudder.

**********

Remember my children, that all the earth must belong to us Jews, and that the gentiles, being mere excrements of animals, must possess nothing. ~ Mayer Amschel Rothschild on his deathbed, 1812

**********

The largest overseas banks will cooperate with us most closely. If we win the Revolution and squash Russia, on the funeral pyres of its remains we will strengthen the power of Zionism and become a power the whole world would drop in the face of on its knees. We will show the world what real power means.

By way of terror and blood baths we will bring the Russian intelligentsia into a state of total stupor, to idiocy, to the animal state of being. So far our young men dressed in leather ~ the sons of watch repair men from Odessa and Orsha, Gomel and Vinnitza ~ oh, how beautifully, how brilliantly do they master hatred of everything Russian! With what a great delight do they physically destroy the Russian intelligentsia ~ officers, engineers, teachers, priests, generals, agronomists, academicians, writers!" ~ Secret Forces in History of Russia. U.K. Begunov 1995, p 148

**********

One of the finest things ever done by the mob was the Crucifixion of Christ. Intellectually it was a splendid gesture. But trust the mob to bungle the job. If I’d had charge of executing Christ, I’d have handled it differently. You see, what I’d have done was had him shipped to Rome and fed him to the lions. They could never have made a saviour out of mincemeat!”~ Rabbi Ben Hecht

**********

The only reason that Jews are in pornography is that we think that Christ sucks. Catholicism sucks.”~ Al Goldstein (publisher of Screw Magazine).

**********

"The difference between a Jewish soul and souls of non-Jews ~ all of them in all different levels ~ is greater and deeper than the difference between a human soul and the souls of cattle." ~ Rabbi Kook, the Elder, father of the messianic tendency of Jewish fundamentalism, said

**********

"You have not begun to appreciate the depth of our guilt. We are intruders. We are subverters. We have taken your natural world, your ideals, your destiny, and played havoc with them. We have been at the bottom of not merely the latest Great War, but of every other major revolution in your history.

We have brought discord and confusion and frustration into your personal and public life. We are still doing it. No one can tell how long we shall go on doing it. Who knows what great and glorious destiny might have been yours if we had left you alone." ~ Marclis Eli Ravage, Century Magazine February, 1926.

**********

"The United Nations is nothing but a trap-door to the Red World's immense concentration camp. We pretty much control the U.N." ~ Harold Wallace Rosenthal, Zionist, The Hidden Tyranny

**********

Very soon, every American will be required to register their biological property (that’s you and your children) in a national system designed to keep track of the people and that will operate under the ancient system of pledging. By such methodology, we can compel people to submit to our agenda, which will affect our security as a charge back for our fiat paper currency.

Every American will be forced to register or suffer being able to work and earn a living. They will be our chattels (property) and we will hold the security interest over them forever, by operation of the law merchant under the scheme of secured transactions. Americans, by unknowingly or unwittingly delivering the bills of lading (Birth Certificate) to us will be rendered bankrupt and insolvent, secured by their pledges.

They will be stripped of their rights and given a commercial value designed to make us a profit and they will be none the wiser, for not one man in a million could ever figure our plans and, if by accident one or two should figure it out, we have in our arsenal plausible deniability.

After all, this is the only logical way to fund government, by floating liens and debts to the registrants in the form of benefits and privileges. This will inevitably reap us huge profits beyond our wildest expectations and leave every American a contributor to this fraud, which we will call “Social Insurance.”

Without realizing it, every American will unknowingly be our servant, however begrudgingly. The people will become helpless and without any hope for their redemption and we will employ the high office (presidency) of our dummy corporation (USA) to foment this plot against America.” ~ American traitor, the Jew Edward Mandell House giving a very detailed outline of the New World Order plans that were to be implemented gradually over time to enslave the American people ... A PLAN THAT HAS BEEN REPEATED IN CANADA, AUSTRALIA, BRITAIN AND ELSEWHERE.

*******

"You throw a little Jewish on top of that, you got trouble. You got a bunch of wild, crazy energy.

"Sorry that doesn't sound hippie. Sorry that doesn't sound like communal jubilant fun. Sorry I'm not a Pepper. Sorry I didn't pop out of a soda-pop ad, and life is just one big fucking cabaret, because a lot of what propelled Van Halen, what compels me and propels me is precisely this element. It's fury. If you approach me with anti-Semetic preconceptions, I'm not here to re-educate. I come from a whole different school of thought. If you don't get it on the first try, fuck you.

"I once heard somebody say to the Van Halens, "You guys play the music; the Jew sells it." Well, you're fucking right. And now that I'm gone, Van Halen stinks. Okay?

"Want to know why some of my contributions to Van Halen sound like they do? Didn't come from a smiling place in my soul. Not at all.

"Nobody ever said to Mick Jagger, "So, Mick, you're Episcopalian, aren't you?" Nobody ever took Jimi Hendrix aside and said, "So, Jimi, you're a Baptist, aren't you?" Much less start off the interview that way.

"Every step I took on that stage was smashing some Jew-hating, lousy punk ever deeper into the deck. Every step. I jumped higher 'cause I knew there was going to be more impact when I hit those boards. And if you were even vaguely anti-Semetic, you were under my wheels, motherfucker. That's where the lyrics came from, that's where the body language came from, that's where the humor came from, and where the fuck you came from. All equally as important. You want to know the ingredients? Don't ask if you don't want to know.

"What you get from repression and what you get from hatred is fury, and fury was one of the main trigger points for the great Van Halen. What you see now is a bunch of buffoons waddling around at the family barbecue, and their wives admonishing the children saying, "Don't worry, Daddy's just had a few too many Coors Lights and he's imitating what he used to do for a living when he played music, honey."

"What's missing is the testosterone. What's missing is the fury. What's missing is the passionate convicted commitment. And I got a lot of mine from my religious background. So y'all best stop imagining the way Dr. Zorba looked, or some defenseless Hasidic Jew with a little yarmulke on his head, 'cause that ain't here for you." ~ David Lee Roth

**********

Rabbi Isaac Wise, in The Israelite of America writes, “Masonry is a Jewish institution whose history, degrees, charges, passwords, and explanations are Jewish from beginning to end

**********

“We infiltrated the Roman Catholic Church right from the very beginning. Why do you think the Pope, the Cardinals and all the Bishops wear yarlmulkahs? (skullcaps) The white race never figures this out. A thousand years later the white race began to wake up ... we had to come up with a plan B ... so we formed the Jesuits. There was a nice boy, Ignatius Loyola. He started the Jesuits.” (Loyola was Jewish. Research/read the Jesuit Extreme Oath) Regarding the Jesuits, quoting Rabbi Finkelstein

**********

Does worship of the Talmud pervade Judaism globally? Herman Wouk, Orthodox Jew and famed author of The Cain Mutiny, affirms, “The Talmud is to this day the circulating heart’s blood of the Jewish religion. Whatever laws, customs, ceremonies we observe ~ whether we are Orthodox, Reform,Conservative, or merely spasmodic sentimentalists ~ we follow the Talmud. It is our common law.”

**********
From Jews Must Liveby Samuel Roth, pg. 22. “The organ is diseased. This disease is a sort of moral gonorrhea known as Judaism, which, alas, seems to be incurable. If you have any doubts, look at any Jew ridden country in Europe. If you need to be further convinced, take a look at what is happening in the United States.”

*******

“Every synagogue we Jews build in a Christian country is a finger of scorn we point at our hosts; a sore finger we stick into their eyes, like the leering of a senile old woman who does all sorts of foul mischief before you, and feels safe in the knowledge that you will not lay hands on her for fear of contamination.” ibid., pg.

*******

Sen. Al Franken: One of the widely disseminated stories was that no Jews died in the collapse of the Trade Towers because they had received calls telling them not to go to work that day.

To tell you the truth, I got the Jew call. I had an office in the Trade Center where I used to do most of my writing. The call came from former New York mayor Ed Koch. “Al,” he told me, “don’t go to work on the twenty-third day of Elul [September 11, 2001.].”


*******

Tell me, do the evil men of this world have a bad time? They hunt and catch whatever they feel like eating. They don’t suffer from indigestion and are not punished by Heaven. I want Israel to join that club. Maybe the world will then at last begin to fear us…Maybe they will start to tremble, to fear our madness instead of admiring our nobility. Let them tremble, let them call us a mad state. Let them understand that we are a wild country, dangerous to our surroundings, not normal, that we might go crazy, that we might go wild and burn all the oil fields in the Middle East, or that we might start World War Three just like that. ~ Ariel Sharon