"We are facing an unprecedented emergency," [Toyota] President Katsuaki Watanabe told a year-end news conference. "This is a crisis unlike the crises of the past." ~ Toyota sees "unprecedented" crisis by Chang-Ran Kim, Reuters, 12/22/08
"When the bond market crashes [expected timing: 'any day now'], it’s going to be 15 on the Richter scale. It’s going to be enormous. It’s far more dangerous than the stock market crashing. When the bond market crashes, the hyperinflation starts." ~ Bob Moriarty of 321gold.com, interviewed by The Gold Report
The tone and direction for the coming year seem clear enough: ominous, and downward. Down for living standards; down for levels of employment; down for world trade; down for investment portfolios and retirement funds; down for the prosperity and even the physical safety of the lower and middle classes in the United States and around the world.
Levels of freedom are headed downward also, as the power elite worldwide use the time-honored method of responding to a crisis – any crisis – as a tool to increase their own power. From ancient Rome to Hitler's Germany, from the U.S. Civil War to modern Zimbabwe, from the Great Depression to the terrorist events of 9/11/2001, crisis has worked so reliably as an excuse for power-grabs that one wonders why tyrants haven't thought of creating crises in order to increase and consolidate their power.
Thank goodness for small favors! What a nightmare it would be if tyrants (and their central bankers) ever did catch on to such an obvious tool.
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