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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Secret_Agent_Man who wrote (156916)	3/24/2002 2:55:22 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 436258

Fatherland Security is well on the way to eliminating our freedom. They want a Civilian Defense Force working thru Neighborhood Watch Programs to profile citizens in their areas. They’ll collect information such as name, address, DOB, medical history, firearms ownership, religious affiliation, political party and organization memberships. The AmeriCorp program will become half political and half domestic Peace Corp. All participants of course will be issued brown shirts. The funding for all this and the Civilian Defense Force is $20 billion. The Freedom Corp will be incorporated into the Neighborhood Watch Association. Freedom Corp will be the surviving entity. Freedom Corp reports to the Civilian Defense Corp, which reports to the dreaded FEMA on a state level and other state emergency agencies and law enforcement. The CDC will have paramilitary powers for disaster cleanup, terrorist attack and to collect dissidents. CDC will report to the Office of Fatherland Security. Of course everyone will wear brown shirts. 80% of Americans think this is just great. We advise all who disagree to go under cover. Don’t make waves or argue. Just don’t let the Gestapo know you have weapons or gold and silver. People like us will keep you informed until we are sent to a concentration camp or murdered. After that you are on your own. Set up single cell units for protection. This type of cadre is tough to break into. Leadership will string the cells together. Anyone who seems to be an independent thinker will be shipped to an interment camp for chemical rehabilitation. These potential enemies of the state will be handled by a secret Internal Security unit structured along the lines of the Gestapo and the KGB. The NSA & FBI will be used for data collection and research. The FBI will be used to make anyone’s life miserable who disagrees. The IRS will strike terror into anyone who challenges the new world order. Banks will cut off credit to contain dissidents. The NSA, our old stomping ground is in for a five-fold increase in its domestic surveillance satellite system, boasting phone interception from two to 12 million calls simultaneously. There will only be $3 billion allocated for sky marshals. As you can see almost all the funds will be used for intelligence and counterintelligence against American citizens. It is believed Posse Commitatus will be voided and the government will implement full militarization of domestic law enforcement. At this point the government will attempt to confiscate all weapons. It is expected that 150,000 National Guard troops will be committed permanently to militarization of domestic law enforcement. Foreign troops will be brought in to augment US troops to quell domestic dissent and large uprisings. NATO AWACS’ planes will be part of any containment program. These conditions will be brought about by a deliberately planned financial collapse, which has already begun. Terrorism is a cover to implement all these policies. We have been hammering on this for years, but no one wanted to listen. This is a game being played by the elitists to control the world. We are the only armed free nation left and we have to be destroyed. Get prepared to live on your knees or become a dissident. Criticism of the accounting practices of American companies has caused selling of US corporate bonds to buy emerging-market sovereign bonds, which we believe is a mistake. This debt is about $500 billion of which, 75% is from Latin America. The switch has reduced spreads 16% since the beginning of the year versus 3% in high-grade US corporate debt versus US Treasuries. Sovereign debt spreads have narrowed to 4.8% above US Treasuries from 5.73% in early January and US corporate debt spreads have increased to 1.67% from 1.62%. Supposedly the risk of emerging-market debt has dropped. We don’t think so. Buyers are following the herd and being politically correct and they will pay for their errors. The switch has produced an annualized gain of 29% in foreign paper versus a negative 0.36% in US corporates. Those among the buying favorites are Brazil, Ecuador and Panama all junk and Poland, Czech Republic and Mexico. Columbia’s bonds spread is up to 4.52% from 4.11% versus US Treasuries due to warfare. You never chase a yield. The coalition of corruption is at it again. Labor and democrats and business and republicans have voted in the house to allow 11 million illegal aliens to obtain visas here and stay here permanently. 92 of 123 Republicans opposed and 182 of 195 Democrats were for giving the bill a two-thirds majority. Everyone gets green cards. This is a blatant attempt to buy Mexican votes of course. Section 245(i), which we wrote about last week, has been passed by the House. In America it pays to be a criminal and it is a slap in the face for all those who have been waiting for years to enter America legally. Our government is a disgrace. In spite of the Enron debacle an early warning system does not exist and the regulatory and risk management systems in place today are creating additional risk. Common standards and market-based risk management encourage the herd mentality that characterizes investment flows and increases the correlation between events that spread instability through financial markets. In the last two years hunt for yield has seen oceans of money flow out of government bonds and into corporate bonds leaving the Treasury and the financial system at the mercy of fickle foreign investors. There are $3 trillion US Treasuries and $3.8 trillion in corporate bonds outstanding. Presently corporate debt is being issued at twice the rate of US government debt and a good part of it is in the junk category. This will lead to liquidity black holes, where the market appears liquid when you buy and becomes illiquid when you want to sell. Liquidity and turnover are not always synonymous. Liquidity is not about size, but about diversity. This is part of what we call the liquidity trap. Our regulatory systems are woefully inadequate at addressing the distortions in financial markets. The system is pointed toward the individual rather than the whole market. A two-pronged approach is needed, without centralized control, or the system will break down from time to time. There is also the interdependence of markets and their participants. Conflict can create excessive risk. Regulation must address contra-cyclical measures and address the inherent contradictions between short-term risk management and long-term investment objectives and allow a greater role for counter-intuitive investors such as hedge funds. Shorts, or investors that go against the flow, help to increase the liquidity process and should not be regulated out of existence. We need better regulation. The corporate world and the banking and brokerage industries cannot be trusted to police themselves. Just after George W. Bush flexed his nuclear muscles he deployed his financial muscle by telling the EU and Japan to reflate their economies (print fiat paper) or there would be further strains in international trade relations. Items next on the agenda are agriculture and semi-conductors. This is coercion and extortion for the wrong reason, reinflation, but we love it because it cripples free trade and puts in trade levies. Those taxes relieve us of having to pay more taxes. Duties on imported foreign goods are taxes. It is essentially financial-trade warfare. The administration is saying shut up or we’ll really lower the boom on you. The EU has asked for $2 billion in immediate compensation for steel curbs in the form of lower barriers to other imports. Washington says, take it to WTC, which they know won’t have a resolution for three years; they are so tied up in bureaucracy and cronyism. A socialist monstrosity. Rejected, the EU must decide if they’ll escalate the dispute by retaliating against US exports. Let’s hope they do. It will expedite the end of free trade and bring our industry home again. We expect failure and a road back to tariffs, but it won’t happen overnight. JP Morgan will scale back some of its credit commitments to highly rated clients. They say it is perception, we say they have some serious problems, particularly in gold derivatives. They want to start by capping credit lines. They know and fear illiquidity and economic problems are on the way and they want to limit exposure even to the best in corporate America. Does it get any plainer than that? We are in a liquidity trap. This eventually will have a bad effect on corporate operations and expansion, which means no GDP growth. Big trouble is on the way. First it’s the "axis of evil." Then its when in doubt nuke em. That is how George W. Strangelove Bush sees it from Napoleonic headquarters. We recently discovered we have a secret shadow government, and now we find we have secret plans to nuke those we consider a threat. The idea in no-win police actions is to lose no troops. In order to do that you bomb the designated enemy into submission. When that doesn’t work, and the American voter won’t accept casualties, you just nuke them. Deterrent is one thing but using nuclear weapons is another. They should only be used as a last resort, not in some police action. An action that’s a cover under the name of terrorism to suppress the American populace. Our president is way off base and we know why. The question is when are the American people going to catch on, or will they? Insurance companies, fast on the trigger to protect their legal bookmaking operation, are raising rates for professional liability coverage. Rates are being raised as much as 70% and some are being sent non-renewal notices.