
KEN WELCH: Newsletter #27: Chloroquine -- Gambit -- Inflation/Deflation Riddle Solved --- Fed Profits Break Record
Ken Welch
Sorry it has been so long since my last newsletter, but three health challenges in a row had me out of action for almost five weeks. This had its benefits, though. I had been wanting to test a number of the newer remedies that people have proposed for our Pandemic Handbook, which is still under construction. Suddenly I had a great opportunity! Just in case I can save you some money, I’ll mention that two popular choices, MMS and Lypospheric Vitamin C failed miserably. In nice synchronicity, the Health Care Reform fiasco has delayed the false-flag Gambit plan and the Invasion of Iran, the same way the Wall Street bail-out scramble did a year ago. This pushes the Pandemic back at least to April, and perhaps even to May. I’m sure we all appreciate the extra time!
CHLOROQUINE
I recently took a look at the number of people that I would like to protect when the real Pandemic arrives, and decided to order some more Chloroquine from Easy.MD, the offshore pharmacy I’ve used before. Weeks went by and nothing happened. There was no charge on my credit card and no pills in my mailbox. When I finally inquired, I was told that the item was on backorder with no promise of a delivery date. This is a very common drug, and I believe the problem relates to dosage. I have always looked for the 250 mg pills, because that was all that was needed in the study that declared them a SARS preventive.
But in the meantime Chloroquine resistant malaria has grown much more common and most people want the 500 mg dose now. So I think the 250s are simply disappearing. Of course, I canceled the unfilled order, and created a new one for 500s. This time I went with a new supplier just to see how th ey would perform. They are MedStore [http://www.medstore.biz/], one of a number of sites run by the same business. I’ll let you know how well they perform.
The point of mentioning this is to suggest that if you are going to order chloroquine, you might as well order the 500s and simply split them in half when the time comes. And if you have an order that hasn’t arrived, don’t be shy about contacting the supplier.
GAMBIT
The nuclear physicist Niels Bohr once said, “It is very difficult to make an accurate prediction—especially about the future.” That certainly describes our luck with the false-flag nuke plan known as Gambit. Yet slowly and quietly Exxon, Shell, BP and the other members of the International Oil Cartel, aided by their employees in the Pentagon and so many national governments, are sneaking up on Armageddon. It's now a month behind schedule, but they are still deadly serious about pulling it off.
You may have noticed that no one could ever tell you why health care reform was such an incredible emergency. Actually it's the same thing that made the big bail-out last year an emergency. Gambit and the Iran Invasion were waiting, but could not proceed until another cartel's business was concluded. It was the need to satisfy Wall Street that held it up last year, and potential windfall profits for our parasitical medical , drug and health insurance industries under the guise of reform are doing it this year. However, everyone in Washington knows that this is the last chance for Gambit, so no thought is being given to canceling it.
In western media there has been a virtual blackout of news about Israel and her neighbors for almost 90 days. Few people are aware that official Israeli sources and veteran observers are saying another big attack on Gaza could happen any day.
The key to recognizing the initial steps of the Armageddon plot is that Israel has always insisted they be given a chance to mobilize before the false-flag nukes kick off the war. What we are anticipating is a near perfect repeat of last year's plan. Once the "health care reform" legislation (remember, the contents are still unknown) reaches it's mysterious climax, and military preparations are complete, Israel will invade Gaza for no convincing reason, other than to get their tanks on the highways. Once that occurs, and Israel is on a full war footing, then the trigger can be pulled on Gambit.
Judging from the past, there are many factors that can lead to failure for Gambit. For instance, weather can play a role, especially in regard to wind direction. The ship launched missile intended to create a nuclear air burst over some part of the Israeli coastline will not fly if radioactive fallout would be directed at Tel Aviv or any other densely populated area in Israel.
Over the next few days I will be posting some of the reversed speech related to the current Gambit operation. This includes the material you have already seen regarding the Indian prime minister and more. Then, you can simply relax and watch the news to get the actual timing. I'll send out notes as reports are posted.
SOLVED: INFLATION VS. DEFLATION
I was recently asked if I could identify which of these two charts represent the stock market today, and which shows the 1930 market at the moment it began the long slide down to oblivion:
Without peeking at any other chart I found I couldn’t be sure. The fact is that the market has been following the 1929 pattern almost exactly, including a never-ending stream of propaganda suggesting that “the recession” is over in the face of a broad array of economic numbers clearly showing the opposite.
For most of us, having some idea of where our economic situation is going could be crucial to how we survive over the next year or so. Most important in this equation is the likely value of money. I don’t know about you, but I find that I can not turn on the TV without someone trying to sell me gold. They are all saying that i nflation is going to destroy the US dollar. Of course, there is no sign yet of this actually happening.
In the past I have suggested that silver coins made a lot more sense in an economic crisis. And looking back at 1929 we find that the price of gold fell along with everything else. Essentially, no one had enough money to buy it.
Today, I think we have the answer regarding the direction things will take. Looking at information coming from advisory services that I respect, three main themes stand out. The first is that all serious economic indicators suggest a very sick economy, nothing at all like the picture painted on the news. Second, virtually all the banks are in fact stone cold broke. This is not visible right off, because banks have been given permission to lie about the value of their assets.
Third on the list is the Christmas Eve announcement that Treasury borrowing restrictions on Fannie Mae and Freddi e Mac had been removed. They can now have all the money they want from the U.S. Treasury. What do they need the money for? Foreclosures. Banks everywhere are loaded down with nonperforming mortgage loans, and these two entities carry about 60% of US home mortgages. Many of the non-performing loans have not actually gone into foreclosure because a bank must come up with cash to replace the value of each lost asset. With unlimited cash Fannie Mae and Freddie Mac can begin foreclosures on a massive scale. 4 million is the number I’ve seen on Bloomberg, but I’ll bet it will be much higher. This means that real estate prices will be starting another very big move down. That will likely trigger even more foreclosures. Not a very pretty picture.
Finally, I think the basic question about the future value of US currency and other assets was answered this last Friday by Robert Prechter, the man who wrote the book on El liott Wave theory. He runs a highly respected advisory service, and as far as I know on major market changes he has never been wrong. On Friday, he released his latest forecast in the report with this startling title: "Starting in 2010: The Biggest Down Wave Ever for Financial Assets in an Environment of Runaway Deflation."
Runaway deflation means the Great Depression, in spades. It means $500 cars that few people can afford, 20-cent loaves of bread, and many products disappearing from the shelves because producers simply cannot stay in business. Of course, this is the environment in which most of the population can be persuaded to accept a major change in government. Persuaded? They will be screaming for it!
I still think you should be on the lookout for any tool or product that might help you produce some item that other people would be willing to pay you for. Needless to say, you want to get it as cheaply as you can – preferably used. Remember that in runaway deflation cash will be king – especially toward the end. So for now on, conserving cash is your top priority. Worse yet, you will NOT be paying off those credit cards or any other loan with cheaper money.
FED PROFITS BREAK RECORD
Not too many months ago Exxon Corporation stunned the world by announcing that, during the period in which gasoline prices were manipulated to unprecedented heights, the company earned a profit of 45 billion dollars. This was thought to be the largest profit ever posted by any corporation in history. Many Americans were outraged. But of course, nothing came of it.
Now we have a new star performer. The Federal Reserve Company has just posted an annual profit in excess of $51 billion. As a private corporation, the company’s profits will go to the 12 “illuminati” families that own all the stock. This is particularly disturbing in a time in which so much wealth has simply disappeared. Now you can see at least where 51 billion of it went!
In 1913, a time just as mired in government corruption as today, the Fed (and it’s sister company the IRS) were supposedly created to protect Americans from bank failures, and to smooth out what was then called the boom and bust cycle. What followed was the biggest boom and bust of all, leaving the Fed with a virtual monopoly over the American banking system. The man who is considered the expert on this historic disaster, Ben Bernanke, is the current Fed Chairman, calmly presiding over what appears to be a carefully engineered repeat of those terrible times. What an amazing coincidence.