By William Moore
28 November 2009

http://www.wsws.org/articles/2009/nov2009/nyst-n28.shtml

The government of New York State has been deadlocked for two months over how to deal with a growing financial crisis. Just over halfway through the fiscal year, the state has a budget deficit of at least $3.2 billion, with shortfalls of billions more projected in the coming years. Governor David Paterson has called the state legislature into special session and demanded that major cuts in education and health care be made to close the current year’s gap.

The budget crisis is primarily the result of a precipitous fall in tax revenues, especially the large decline in tax revenues derived from Wall Street financial activities, which has constituted a large and growing percentage of the state’s income in recent years. Overall, year-to-date 2009-10 personal income tax collections have declined by $4.4 billion, or 22 percent, from 2008-09, according to the NYS Division of the Budget.

The drastic cuts in expenditures demanded by the governor, business interests and the news media would severely affect local school districts and the delivery of medical care to poor and middle-income people. These demands come
at the same time as it is being reported that the profits of major Wall Street firms and compensation to the upper echelons of their staffs will meet or exceed the heights reached before the economic collapse of the last year. The rebound in the fortunes of the Wall Street elite is entirely due to the trillions of dollars in various forms of subsidies transferred from the national treasury into these institutions and the renewal of rampant, uncontrolled speculation that this has permitted. The contrast could not be more stark.

While the banks’ profits soar, the official New York State unemployment rate grew to 9 percent in October, up 0.1 percent from the previous month. The rate was 5.9 percent a year earlier.

The arrogant demands for cuts was brought into even sharper relief by the announcement on Friday that Moody’s Investors Service threatened to downgrade the state’s credit rating if it did not take steps to bring down its deficit. A lowering of the credit rating would mean that the state would be forced to pay higher interest rates when it borrows money. The demand by Moody’s goes beyond merely requiring the deficit to be closed. It dictates the method by which this should be accomplished.

Moody’s warned, “The next three months will be critical to the state’s credit rating. If there is no action taken by the state to close the gap, or if action is taken but is largely onetime in nature (therefore increasing the structural imbalance in the out years), and revenue collections in January are close to or below state projections, the state’s situation at that time would likely not be consistent with [the current] Aa3 rating and [a] stable outlook.” The financial elite is, in effect, blackmailing the state government with the threat of financial retribution if it does not deepen the attacks on the working class.

In December, according to State Comptroller Thomas DiNapoli, the state faces an immediate cash flow deficit of $1.4 billion. “The fact is that revenue that was hoped for has not materialized and unless spending cuts are made, the State will have a significant cash deficit next month,” DiNapoli said in a press release. The governor has threatened measures similar to those taken earlier this year in California. “Furloughs, layoffs, borrowing, downgraded credit ratings, delayment [sic] of payments to schools, delayment [sic] of payments to local governments, delayed payments to service providers, delayed payments to the work force,” will result, according to Paterson, if his proposed cuts are not adopted by the legislature. Laying out clear priorities, Budget Director Robert L. Megna said: “The State of New York has and will continue to meet all of its obligations to bondholders. Other expenditures, however, may ultimately have to be delayed past their currently scheduled payment dates in order to prudently manage cash-flow.”

In response to Moody’s dictate, Paterson stated, “The way in which we reduce the deficit has to meet a threshold so that we don’t get a credit-rating downgrade as well.” All of the key players have agreed that there will be no significant ‘revenue enhancements’ (i.e., tax increases), especially with respect to the wealthy. A modest increase for those with higher incomes, going into effect when the current budget was enacted in April, will expire in two years. Paterson and the rest of the political establishment have made it clear that nothing further of this sort will be considered, citing media claims that the wealthy are moving to other states where taxation is lower.

The current deadlock in the legislature is between the Assembly, which has largely accepted Paterson’s proposed cuts, and the Democrats in the Senate, who hold a slim majority. The Senate Democrats have agreed to approximately $1 billion in cuts, but are resisting the proposed cuts in education, instead offering a number of short-term fixes, including that federal stimulus money for next year be brought forward. In view of the fact that the stimulus ends next year, this proposal would result in an even greater shortfall in the future.

The reluctance of the Senate Democrats reflects only a minor tactical difference, but Governor Paterson scolded them for being insufficiently tough. The theme of ‘taking responsibility’ was continued by Comptroller DiNapoli, who warned, “We can’t afford to fall back on the old ways of addressing a long-standing problem with short-term fixes.

It hasn’t worked, and it won’t work. A patch today is a problem tomorrow.” It is taken as a given by all that the loss of tax revenue due to the collapse of the great Wall Street Ponzi scheme necessarily means that the living standards of the mass of the population must be decimated.

Wall Street was very empty this morning.  Obviously everyone is sleeping or hungover except for a few crazy people like me.  For lunch, I went with a broker trainee to Georgio’s for pizza.  You walk down past the NYSE, The Setai, Bobby Vans Steakhouse, and Hermes, make a right at the first light and you’ll find a decent pizzeria.  Another person got shitcanned today, and a lot of trainees were shocked because it was this junior broker that they thought was doing well.  Some of the trainees smoked with him outside the building in the morning.  It’s like a revolving door at this firm, it just doesn’t seem like people last here very long.  Who’s it gonna be next week?

My friend’s cousin came up to the office today and we all went to Madison Ave/Midtown to check out places like Gucci, Bergdorf Goodman, Salvatore Ferragamo, and Dolce & Gabbana.  We were mostly looking at $300-$600 dress shirts from Turnbull & Asser and Charvet.  I didn’t buy anything.  There were tons of people out.  It’s Black Friday but these stores certainly don’t have discounts.

We made a quick pitstop at the Hilton in midtown, went all the way to the 44th floor, slipped into the executive lounge and basically ate the hors d’oeuvres for free even though we weren’t hotel guests.

Around 6pm, we went to DJ Reynolds for dinner to eat their $30 prime rib.  I have to say, it’s almost the same as Smith & Wollensky… yet at Smith & Wollensky, I paid like $60 for the steak and more than 2x more overall.  Now I’m with some family for a post-Thanksgiving function.  Not a bad day.

(GiaVang.com.vn – Giá vàng Việt Nam và Thế Giới) – Lần thứ 3 trong vòng 18 tháng vàng thủng qua ngưỡng $1,000/oz. Một số người dự đoán vàng tăng cho rằng giá vàng sẽ sớm vượt qua ngưỡng $1,500/oz trên đường đến $2,000/oz và cao hơn nữa

Vàng đạt mức US$1,000/oz- thời đểm tuyệt vời cho các nhà đầu tư mua Vàng? (14:24 – 22/09/2009) 
Lần thứ 3 trong vòng 18 tháng Vàng thủng qua ngưỡng $1,000/oz. Một số người dự đoán vàng tăng cho rằng giá vàng sẽ sớm vượt qua ngưỡng $1,500/oz trên đường đến $2,000/oz và cao hơn nữa

giá vàng có thể tăng lên cao hơn là do những lo ngại lạm phát. Chính những lo ngại về lạm phát này đã đẩy vàng leo lên mức cao $1,028/oz trong tháng 3 năm 2008. Tuy nhiên, lạm phát đang ở đâu? Không có dấu hiệu cho thấy lạm phát có thể xảy ra trong thời điểm hiện tại và thậm chí nếu có vàng cũng sẽ được ghi nhận là là hàng rào an toàn chống lại lạm phát
Dưới đây là một số cân nhắc dành cho các nhà đầu tư trước khi họ có ý định mua vàng: sau khi chạm ngưỡng $850/oz trong tháng 1 năm 1980 giá vàng giảm trên 40% trong 2 tháng sau đó. Vàng không quay trở lại ngưỡng $850 cho tới tháng 1 năm 2008. Điều đó có nghĩa là vàng vẫn ổn định trong khi lạm phát lại tăng lên 175% trong gần 3 thập kỉ. Nếu vàng thực hiện nhiệm vụ của mình là bảo vệ các nhà đầu tư khỏi lạm phát thì vào thời điểm hiện tại đáng lẽ vàng phải giao dịch tại ngưỡng $2,206/oz(dựa trên lạm phát điều chỉnh giá vàng vào năm 1980), chứ không phải ngưỡng $1,000

Tuy vậy sau các mức tăng giá gần đây, giới đầu tư vẫn đang phân vân liệu vàng có thể trở thành một bong bóng kế tiếp. Chúng ta đã được chứng kiến bong bóng bất động sản, bong bóng tài chính trong vòng 10 năm qua. Và liệu vàng có là bong bóng tiếp theo?

ETF Profit Strategy Newsletter đã tiến hành nghiên cứu chi tiết về vàng. Họ phân tích vàng từ góc độ hầu như bị lãng quên bởi Wall Street và các phương tiện thông tin đại chúng. Triển vọng khá ngạc nhiên, điều này làm vàng có giá trị hơn
 
 

Source: Vàng đạt mức US$1,000/oz- thời đểm tuyệt vời cho các nhà đầu tư mua vàng?

(GiaVang.com.vn – Giá vàng Việt Nam và Thế Giới) – Lần thứ 3 trong vòng 18 tháng vàng thủng qua ngưỡng $1,000/oz. Một số người dự đoán vàng tăng cho rằng giá vàng sẽ sớm vượt qua ngưỡng $1,500/oz trên đường đến $2,000/oz và cao hơn nữa

Vàng đạt mức US$1,000/oz- thời đểm tuyệt vời cho các nhà đầu tư mua Vàng? (14:24 – 22/09/2009) 
Lần thứ 3 trong vòng 18 tháng Vàng thủng qua ngưỡng $1,000/oz. Một số người dự đoán vàng tăng cho rằng giá vàng sẽ sớm vượt qua ngưỡng $1,500/oz trên đường đến $2,000/oz và cao hơn nữa

giá vàng có thể tăng lên cao hơn là do những lo ngại lạm phát. Chính những lo ngại về lạm phát này đã đẩy vàng leo lên mức cao $1,028/oz trong tháng 3 năm 2008. Tuy nhiên, lạm phát đang ở đâu? Không có dấu hiệu cho thấy lạm phát có thể xảy ra trong thời điểm hiện tại và thậm chí nếu có vàng cũng sẽ được ghi nhận là là hàng rào an toàn chống lại lạm phát
Dưới đây là một số cân nhắc dành cho các nhà đầu tư trước khi họ có ý định mua vàng: sau khi chạm ngưỡng $850/oz trong tháng 1 năm 1980 giá vàng giảm trên 40% trong 2 tháng sau đó. Vàng không quay trở lại ngưỡng $850 cho tới tháng 1 năm 2008. Điều đó có nghĩa là vàng vẫn ổn định trong khi lạm phát lại tăng lên 175% trong gần 3 thập kỉ. Nếu vàng thực hiện nhiệm vụ của mình là bảo vệ các nhà đầu tư khỏi lạm phát thì vào thời điểm hiện tại đáng lẽ vàng phải giao dịch tại ngưỡng $2,206/oz(dựa trên lạm phát điều chỉnh giá vàng vào năm 1980), chứ không phải ngưỡng $1,000

Tuy vậy sau các mức tăng giá gần đây, giới đầu tư vẫn đang phân vân liệu vàng có thể trở thành một bong bóng kế tiếp. Chúng ta đã được chứng kiến bong bóng bất động sản, bong bóng tài chính trong vòng 10 năm qua. Và liệu vàng có là bong bóng tiếp theo?

ETF Profit Strategy Newsletter đã tiến hành nghiên cứu chi tiết về vàng. Họ phân tích vàng từ góc độ hầu như bị lãng quên bởi Wall Street và các phương tiện thông tin đại chúng. Triển vọng khá ngạc nhiên, điều này làm vàng có giá trị hơn
 
 

Source: Vàng đạt mức US$1,000/oz- thời đểm tuyệt vời cho các nhà đầu tư mua vàng?

The problem with the American retirement system is that there truly is no American retirement system.

Think about it…

We have Pension plans (defined benefit plans) once thought to be the corner stone of a retirement plan (until they became too expensive to administer) and are now being phased out gradually.

Social Security (SSI) was invented to be a supplement to a pension but it has become the primary income source for most seniors and is severely underfunded.  Average SSI check is currently alittle over $1,100.  The current condition of SSI is so bad they put a warning on the front page of your annual SSI statement basically saying “hope you are not counting on us.”

Then we have a 401k plan (defined contribution plan) and IRAs which are supposed to supplement social security which was supposed to supplement a pension which was supposed to provide retirement income you couldn’t outlive.

Are you noticing that everything is supplementing everything else and nothing is primary?  In fact the one thing we do know about ourselves is that Americans spend too much, acquire excessive debt,  do not save and hope to retire in comfort.  Obviously something has to give and it has been our retirement. All of the plans  mentioned have failed the vast majority of Americans.   This is the dilemma facing the retirees of today and tomorrow.

Conventional wisdom (television, magazines, newspapers, etc…) tells you the answer to your retirement lies in the next bull market.  Unconventional wisdom tells you to see the “bull” in that type of thinking and that conventional wisdom has not worked and you need to find alternative methods of building wealth in today’s society.  After all if what you thought to be true was not true when would you want to know about it?

www.fischerfinancialgroup.com

© 2009 Fischer Financial Group

“Kill Them All, Let God Sort Them Out!”

The New Testament says, John 5:22 “For the Father judges no one, but has committed all judgment to the Son,”"Neca eos omnes. Deus suos agnoset” or “Kill them all. God will know His own.”

To understand the violence against anyone and any of those who raise the insights and historical connections needed to intuit the Risen Christ and His role as Lord of Karma, we will need to examine aspects of real history, with real bad guys and real occult events that mirror events that we twistedly teach to students of political science as accepted history.

Our first such example where the Lord Of Karma, with the Christ Being that is active all over the Earth, was observed and documented, and consequently the career and reputation of this individual was severely attacked because he nailed the Christ Event and Lord of Karma artistically, accurately and almost by accident will be Dalton Trumbo.

We find this brilliant excursion into the realm of the Etheric Christ that is active at the Threshold of Human Consciousness in the 16th Chapter of “Johnny Got His Gun” by Dalton Trumbo. It is dangerous to the Powers that be to study and meditate on this chapter of the book. Therefore Dalton Trumbo had to be marginalized and his personality crushed and his voice drowned out because that is how the ‘beast’ works when the Etheric Christ comes too close to the iron or nuclear grip of his bid to overthrow the Etheric Christ Being. Humanity for long years will worship and fear the nuclear god we have created against the Real King of the I Am, and the King of Light and the Logos itself, the Etheric Christ.

This essay and excursion is all about the Etheric Christ Event, and also about the instinctual and official government forces of human instinct who truly hate when a real issue arises that is a ‘game changer’. “Johnny Got His Gun” was a game changer that went against the entire superstructure of the powers that stand against our humanity ever acknowledging and absorbing the human ramifications of the mighty Etheric Christ Experience arising in the 20th and 21st centuries.

“Johnny Got His Gun” not only placed the reader in a position to understand the ‘I AM’ as an isolated force of pure eternal spirit, caught on the wrong side of the sense world, alone as no other human ‘I’ has ever been alone, but as a book it also focused a spotlight on the horrific lies and betrayals of the mighty War Machine and War Propaganda, and false heroism that is reduced to ash against the holy alone-ness of the isolated “I AM”. But most importantly, it stirred up a hornets nest run by a madman that everyone in the media lifted to national prominence.  Joseph McCarthy.

“Way Back in the 1950’s, Wisconsin Senator Joseph McCarthy had his own little version of the Spanish Inquisition, an hysterical attempt to root out the communism that he thought he saw climbing the walls all around him.” We could say that part of the extravagant and loose sixties were the extreme counter point and reaction to the artistic freeze and media whores and a typical moronic Congress flexing of power with it’s new toy, the T.V. A propaganda freeze of raw fear, that had crept into the soul of the nation in the 1950’s along with a new global nuclear beast that America had set loose upon the world unleashed a brave new world.

That horrific searing, incinerating light had unlocked the Beast and America had used it on humanity. Not only had Christ been crucified at age 33 but in terms of following the reality of how the Etheric Christ functions in time, Harry Truman the 33rd President of the United States had unleashed this anti-living Light, anti-Etheric Light force as the most potent and darkest guilt to spread through the world and give rise to the plague of fear and national guilt called McCarthyism. 33 was indelibly printed into the etheric structure of the world by the very Crucifixion and Resurrection of the eternal Logos or Cosmic Word of creation.

McCarthyism and Nazism as well as arrogant American Imperialism, dark torture and removal of creative human freedom of expression is what happens when unconscious guilt turns and devours it’s own national soul. This is what is happening today as well. This is how the freest country, America turns into the very monster it ingested. America ingested what Heisenberg and Einstein prevented Nazi Germany from attaining. The issue is our failure to understand, treat with higher consciousness, moral and immoral forces of light. Our failure was not recognizing the potent immoral signature of a vast anti-light beast with the capacity to infect the unguarded American psyche and use the entire American Soul as its new playing field. The beast outgrew Germany and was nestled away in the more subtle and naive new American Rome.

Both Heinrich Himmler who demanded a vast karmic understanding for the swath of death and destruction that Germany embarked upon based on the  Bhagavad Gita, from his own SS inner circle; and Oppenheimer and the coterie of Scientists centered at TRINITY, named after the Christ event and a poem by John Dunn hoping forgiveness from The Trinity, (Father-Son-Holy Ghost) were sucked into contemplating the vast Karmic message of Krishna, the Lord of Karma in the Bhagavad Gita.

America, guilty as sin, digested the most horrific anti-human weapon ever devised and the demise of America in the 21st century as it falls into fascism will be the result of a failure to comprehend the Etheric Christ Light vs the Anti-human, anti-etheric light of depleted uranium and horrific destructive, anti-Christ-imbued fallen devachan nuclear light.

“When chemical action is driven down beneath the physical plane – into the evil devachanic world – magnetism arises. When light is thrust down into the sub-material electricity arises. If what lives in the Harmony of the Spheres is thrust down further still, into the province of the Asuras, an even more terrible force – which it will not be possible to keep hidden very much longer – is generated. It can only be hoped that when this force comes to be known – a force…far, far stronger than the most violent electrical discharge – …that before some discoverer gives this into the hands of humankind, men will no longer have anything un-moral left in them.” Rudolf Steiner [The Etherisation of the Blood, pp.40-41]

In the aftermath of having developed the powerful, “Dr. Strangelove” global poisoning bomb, with fallen light from the fallen devachan itself,  America and the ingested immoral forces it devoured went after the moral light in people like Dalton Trumbo, Ruth Gordon, Zero Mostel, Dashiell Hammett, Lillian Hellman, Jose Ferrer and Orson Welles who were just a few of those who were blacklisted via human demonic witch hunts attempting to shield the beast from brotherhood and the Rise of the Etheric Christ.

But most importantly, in terms of actually looking at the subject matter of the most potent and powerful event that surrounds the core of the ” I AM” of humanity, Dalton Trumbo confronted the literal roots of Body-Soul and Spirit, in an artistic package that tore away the trappings of the sense world and the lies of the War Machine and revealed a hint of the mighty Etheric Christ behind the scenes of external world happenings. And the beast rose up and attacked innocent personalities exactly like the tale of “The Crucible”. “The Crucible” was a 1953 play by Arthur Miller. It is a dramatization of the Salem witchcraft trials that took place in Province of Massachusetts Bay during 1692 and 1693. Miller wrote the play as a response to McCarthyism.

Trumbo presented for all the world to see in Chapter 16 of his book, “Johnny Got His Gun” a window into the Etheric Christ Event of the 20th and 21st centuries.  Trumbo lifted the veil on a Mystery which the very instincts of humanity are terrified to hear. The petty pretty perch of the powers that be were in a position to destroy the fragile human personality and reputation of anyone who might open the door to the coherent and factual activities of the Christ as the Lord of Karma. And this lesson of looking at the subject matter instead of the distractions of the media and political animals in the cages at the zoo of public opinion gets us to the core of the issue of how Christ is active amidst the Angels of each human being, as the Lord of Karma.

Trumbo tripped upon it and opened himself up to a vast pronged attack. “Johnny Got His Gun” revealed a human being exiled to the narrow region of the ‘I AM’. Trumbo’s career was deliberately publicly destroyed and he was in exile, yet nothing as severe as the character of exile he outlined in his book. In “Johnny Got His Gun” Trumbo places a human soul in the most difficult philosophical and spiritual isolation ever offered as reality to non-philosophical American minds.

America hasn’t the strength or depth to enter a Fichte or “The Philosophy of Spiritual Activity” by Rudolf Steiner. But Trumbo presented the full experience of the isolation of the “I AM’ of humanity, so that pragmatic Americans could comprehend it. It is the most frightening and the most profound of considerations when isolating the “I AM” alone with it’s mortality and immortality. In the core of the I AM is the resonating central mystery of the actual Christ Being Himself. And Americans have shown no interest in wanting to get to the core of the I AM. “Johnny Got His Gun” is, objectively, terrifying and absolutely true in terms of Initiation Science.

Basically still today, your reputation is ruined or you are murdered if you attempt to speak truth to power. Today there is a science of defaming and destroying a target personality through the willing henchmen of the press and media. Which means that power literally hates the reality of the Etheric Christ in our environment or when a personality comes close to understanding the deceptions we delude ourselves with they become a target.

Fascism in all forms and American styled fascism, lies and deceptions are the M.O.(Modus operandi) of the beasts globally growing Main Stream Media’s face. The United States Congress, Great Britain, Washington D.C., Wall Street and Israel who refuses to acknowledge violations of the nuclear non-proliferation treaty, to name just a few, all torture and have broken the slender line of human decency set in the Geneva Conventions. In other words the M.O. of the beast creates literal war criminals and trusts no one who isn’t a deceitful, murdering monster like itself.

Our sense world is supposed to be ruled by distractions and disorientations and all education and the entire military budget and the control of human sheeple would come to screeching halt if the Etheric Christ and His activity behind the Threshold of the Sense World were known. Therefore people are murdered and their reputations destroyed through public humiliation and Media Whores who work for the same horrific beast that stands to gain by the denial of the Etheric Christ Event.

Chapter 16

“…..And then all sound seemed centered in one voice that filled the whole world. He listened to the voice because it had stopped his fall. It had become everything—the world and the universe and the nothingness around them. It was a woman’s voice crying and he had heard it before. Where’s my boy where’s my boy? He’s under age can’t you see? He just came up from Tucson about a week ago. They had him in jail for a tramp and I came all the way here to get him back. They let him out of jail if he’d join the army. He’s only sixteen except he’s big and strong for his age he always was. He’s too young I tell you he’s just a baby. Where is he my little boy? He just came up from Tucson you see and I came to take him home.

The voice faded away but he knew the whole thing now. That boy was Christ. There wasn’t any doubt about it. The boy was Christ and he had come up from Tucson and now his mother was hunting and crying for him. He could see Christ coming up from Tucson trembling out of the desert heat waves with purple robes flowing from him like in a mirage. Christ came right into the railway station and sat down with them.

It seemed like there must be a little room somewhere off from the station and they were playing blackjack there waiting for the train to go. He didn’t know the other guys and they didn’t know him but it didn’t seem to make any difference. Outside the crowds were yelling and the bands were playing and here he was with four or five guys in a quiet little room and they were playing blackjack when Christ came up from Tucson and walked in on them. The guy with red hair looked up and said you play blackjack? and Christ said sure and the guy who looked like a Swede said then pull up a chair. Table stakes said the guy with red hair and be sure your bet’s out before the first card. Christ said okay and fished around in his pocket and pulled out a quarter and laid it down.

The guy with red hair began to deal and everybody began to watch the cards except the Swede who grunted and said Christ I wish we had a drink here. Christ kind of grinned and said why don’t you drink it if you want it so bad? The guy who looked like a Swede turned and looked at Christ and then he looked down at the table and sure enough there was a glass of whiskey sitting by his right hand and everybody had a drink of whiskey sitting there. They all looked up at Christ and the guy with red hair said how in hell did you do that? Christ just smiled and said I can do anything hit me only not too hard. The dealer hit him and Christ looked at the card like it was bad news. Then he pushed his money toward the dealer. I never could hit a twelve he said in a complaining voice. I don’t understand it because a twelve shouldn’t be any harder to hit than a thirteen should it? It shouldn’t be only it is said the guy with red hair. There is nothing to that it’s all the bunk said the guy who looked like a Swede a twelve is just like any other number above it only better and anybody tells you any different is filled with superstition. Gosh said a quiet little guy who had been winning and now was sampling the whiskey this stuff is mighty good liquor try it. It ought to be good said Christ still looking at his dough out there on the table it’s sixteen years old.

All of a sudden the guy with red hair threw down his cards and stood up stretching and yawning. Well he said it’s all aboard outside I got to go. We all got to go. I’m going to be killed on the twenty-seventh of June and I got to say goodbye to my wife and kid. The kid he’s only a year eight months but smart as hell already I’d like to see him when he’s five. I can see myself getting killed plain. It’s just after daybreak all cool and nice with a brand new sun and the air smelling good. We’re going over and I’m a sergeant by then so I go over first. Just as I get my head over the edge a bullet hits me like a hammer. I fall back clear across the trench and try to tell the other guys to go on without me only I can’t talk and they go over anyhow. I lie there seeing only their legs as they run by and climb up and disappear. I kick and squirm for a minute like a chicken and then I snuggle down against the dirt. That bullet got me in the throat so I just snuggle down there peaceful like and watch the blood run out and then I’m dead. But my wife don’t know it so I got to tell her goodbye just like I thought I was coming back.

Hell said the little guy who had been winning you talk like you was the only one. We’re all going to be killed that’s why we’re here. Christ he’s already dead and the big Swede over there is going to catch flu and die in camp and you in the corner you’re going to get blown so damned high nobody’ll ever have a souvenir and me I’m going to get buried in a trench cave-in and smother now isn’t that a hell of a way to die?

All of a sudden they were all quiet listening and the guy with red hair said what’s that? Somewhere in the air way far above them there was music. It was high thin music like a ghost passing through the sunlight. It was pale white music so beautiful so very faint and yet loud enough for all of them to hear. It was music like a soft breeze that finds it way out beyond the place where there is air where there is only space. It was music so faint so shivery so sweet that it made them all tremble as they stood and listened. It is the music of death said Christ the high thin music of death.

Everybody was still for a minute and then the little guy who had been winning said what the hell’s this other guy doing here he ain’t going to die. And then everybody looked at him. For a minute he didn’t know what to say he felt like somebody who’s come to a party he hasn’t any invitation to and then he cleared his throat and said maybe you’re right but I’m going to be the same as dead. You see I’m going to have my arms and legs blown off and my face shot out so I can’t see or hear or talk or breathe and I’m going to live even if I am dead.

They all looked at him and finally the guy who looked like a Swede said Jesus he’s worse off than we are. There was a little more silence and all of them seemed to be looking at the guy with red hair as if he was the boss. Hell said the guy with red hair after staring hard at him he’s all right leave him alone. So they all went out to the train.

On the way out to the train the little guy who had been winning said to Christ Christ are you going with us? And Christ said for a little ways but not far I got lots of trains to meet lots of dead men lots of them you wouldn’t believe it. So they climbed on the train and Christ made just an easy little jump and swung right smack up on top of the engine.

When the train started up everybody thought it was the train’s whistle made the noise but it wasn’t it was Christ perched up there and screaming that made the noise. So the train went rushing and screaming away with Christ perched on top of the engine his clothes trailing after him and hollering at the top of his voice. The train went so fast all you could see looking out of the window was a line between the sky and the earth and nothing else.

Pretty soon the train was in the middle of a big desert a hot yellow desert that shivered under the sun. Away off in the distance there was a cloud—a haze that was floating between the sky and the earth but nearer to the earth. And out of the haze was Christ coming up from Tucson. Christ floated there above the desert with purple robes drifting down and the heat waves swimming up around him.

Looking at Christ there above the desert he couldn’t stand it any longer on the train. Dead men were on that train dead men or live men and he wasn’t either so he had no business being there. He had no business being anywhere there was no place for him he was forgotten and abandoned and left forever alone. So he jumped out of the train right through the window and started running toward Christ.

The nightmare train went on through the sunlight its whistle screeching and the dead men inside laughing. But he was alone in the desert running running till his lungs squeaked running toward Christ who floated there in the heat with purple robes. He ran and he ran and he ran and finally he came up to Christ. He threw himself into the hot sand at the feet of Christ and began to cry.”

 

To ask for our thoughtful attention to detail, when the Christ creates a round of drinks for the card players and to comprehend how each year in the life of a sixteen year old is part of the flavor and Spirit of the round of drinks is a wholly new concept of the transubstantiation, the Holy Communion. “Gosh said a quiet little guy who had been winning and now was sampling the whiskey this stuff is mighty good liquor try it. It ought to be good said Christ still looking at his dough out there on the table it’s sixteen years old.” The aged and aging process of Christ in the sixteen year old distills and creates a transubstantiation moment of drinking the actual illusion of the taste of someones life.

That which the card players drink around the table are the shot glasses of rich spirit. The distilled spirit of the sixteen year old boy is what they share as a communion together as they prepare to leave the realm of Earth life and Earth destiny, shepherded by the Christ. Guided by Christ the Lord of human Karma, as the hundreds of thousands of dead human beings, the casualties of war, the collateral damages to War Mongers are harvested and prepared to cross over to the Spiritual World. Yes and they toast with the young sixteen year old’s aged shots.

It was the FerryMan who used to ferry the souls across the river that divides the earthly world from the spiritual world. Christ the Lord of Karma and each human beings individual Angel now serve as Ferrymen in the service of the Christ Being.

“Christ looked at the card like it was bad news. Then he pushed his money toward the dealer. I never could hit a twelve he said in a complaining voice. I don’t understand it because a twelve shouldn’t be any harder to hit than a thirteen should it? It shouldn’t be only it is said the guy with red hair. There is nothing to that it’s all the bunk said the guy who looked like a Swede a twelve is just like any other number above it only better and anybody tells you any different is filled with superstition.”

Christ did not fail by having the TWELVE DISCIPLES. Listen very carefully, matter and light, and carbon based life forms, human beings as well as nature combine and are integrated with a Carbon-12 model. “Carbon-12 is the more abundant of the two stable isotopes of the element carbon, accounting for 98.89% of carbon; it contains 6 protons, 6 neutrons, and 6 electrons. Carbon-12 is of particular importance as it is used as the standard from which atomic masses of all nuclides are measured: its mass number is by definition 12.” Not only should light the devachan and the atomic table of elements not escape human intelligence in their lack of moral insight, but more importantly is the reality of the THIRTEENTH.

Trumbo lets slip an interesting and fathomless idea, but none of us as casual readers are supposed to catch the drift and catch the meaning are we? When we look at the Last Supper it is always Thirteen we are looking at. When we look at King Arthur and his mythical 12 knights of the Round Table, we always are looking at Thirteen because both Arthur and the Christ are the Thirteenth. But reality does not end at that comparison, The Sun Being, the Christ who transformed the entire physical and genetic form of humanity by using Jesus as the vehicle, was the actual moral kernel of the Sun Itself in human form. The Sun, whether idiotic science stands by the seasons or the procession of the Equinoxes places the Sun in a giant cosmic clock of TWELVE CONSTELLATIONS, from whence the Christ as the central Sun Being, the Logos arrived at the Baptism.

Humanity as slip-shod, goony thinkers have to have 12 hours on every clock face and must account both for the position of the Earth in the cosmos, the 12 months of the year, and finally that the ratio of body weight to blood in the human being is 13/1, must also hold in their consciousness the reality of the Free Functioning Formative Etheric Christ Being as the 13th amidst the twelve constellations. The failure to grasp the rooted depths of a divine being of that magnitude having visited Earth Humanity and plunging itself into the destructive humility of human death is a failure to understand the very roots how Spirit and matter are wed. This is not a little baby Jesus injunction but a Pauline and a Krishna revelation in both Science and vision. Dalton Trumbo, Charlie Chaplin, Oppenheimer, Himmler and Rudolf Steiner penetrated into the region of The Lord of Karma, the Etheric Christ.

“So that in what happened at the Mystery of Golgotha, we really have a co-operation of the most important leaders of mankind, a synthesis of spirit-life. When St. Paul had his vision before Damascus, He Who appeared to him then was the Christ. The halo of light in which Christ was enveloped was Krishna. And because Christ has taken Krishna for His own soul-covering through which He then works on further, therefore in the light which shone there, in Christ Himself, there is all that was once upon a time contained in the sublime Gita. We find much of that old Krishna-teaching, although scattered about, in the New Testament revelations. This old Krishna-teaching has on that account become a personal matter to the whole of mankind, because Christ is not as such a human ego belonging to mankind, but to the Higher Hierarchies, Thus Christ belongs also to those times when man was not yet separated from that which now surrounds him as material existence, and which is veiled to him in maya through his own Luciferic temptation. If we glance back over the whole of evolution, we shall find that in those olden times there was not yet that strict division between the spiritual and the material; material was then still spiritual, and the spiritual — if we may say so — still manifested itself externally. Thus because, in the Christ-Impulse, something entered into mankind which completely prevented such a strict separation…”

From 1933 onwards the Risen Christ, The Lord of the physics of Human Karma has stood at the Threshold of Human Consciousness as humanity plunged itself into deeper and deeper forces of chaos and darkness. The issue of the physics of Human Karma is centered on the vast core and hub of the Christ Being that sorts out all the billions of human time streams and currents, primitively viewed as a train station by Dalton Trumbo, but far into the future, our current karmic issues have a cause and effect field within the vast Alpha – Omega structural system of the Light coordinator, the Christ Being. Trumbo allows that his passengers will know the time of their deaths, and will visit their loved ones and realize the results of the immense realities of Time – Cause and Effect that transcends our current sloppy physics studies of reality.

This vast cosmic I AM is intimate to every single i am that functions. Therefore Physics theory and time theory and studying karmic events of the past and their specific effects out into the future, have created what Steiner understood and Physics is trying to understand as a kind of Post Traumatic Stress Disorder, disturbance that reveals a karmic effect sent winging back into the soul of the human being in the present from the future.

In this present and in that future The Etheric Christ Being embraces the full gamut of the divine unfolding of all human beings everywhere including compensation from the past, present and future events within an integrated, creative and cohesive whole. Not one human spirit or event is out of the system ever. This new disturbing capacity is part of the central reality of raising our vision past Krishna to the current Lord of Karma, The Etheric Christ Being currently operating within the etheric region of humanity. We need to know a great deal about the intimacy of our own human biographies within the Angelic and Divine system of compassion, matter, light and love. For our decisions in freedom, in the moment, create intimate alterations to our own and humanities karma in the future.

“…Russian researcher Anatoly Okhatrin are of definite interest. They confirm the idea of an ether or universal lepton gas, which contains full information about the material world. Clusters of the lightest particles–microleptons–carry people’s thoughts and feelings; these microleptons are capable of traveling in space and time at tremendous speeds.

The speed of light is a limiting factor only for a continuous stream of speeds, the so-called continuum. However, greater speed levels, in excess of the speed of light, are possible for extremely weak
signals.

Okhatrin’s experiments and calculations show that people’s thoughts are carried by the lightest microleptons. And the equations of karma prove that they can travel much faster than light. This justifies
the conclusion that humanity’s potential in getting to understand the Universe is practically boundless.

Up to now it was considered that our potential in the conquest of outer space is limited by what is known as the pessimistic radius of Poincare-Einstein. If we multiply the speed of light by the human life span, we arrive at the limit that even the most sophisticated spaceships cannot surpass. No generation of spacemen can explore the Universe beyond that radius.

But from the equations of karma it follows that at the level of extremely weak signals we can reach out far beyond the Poincare-Einstein sphere. Material thought can travel to distant regions of the Universe at a speed greater than that of light. Man can obtain information about what is happening at any distance from him. This is a fundamental philosophical conclusion that allows humanity to look to the future with optimism.

I arrived at this conclusion by considering the equations of karma. But then, many scientists before me have reflected on the synthesis of science and religion, among them the founders of quantum physics. What are termed the conjugated equations of Schrodinger and Dirac point to the possibility of the existence of anti-particles. Similarly, the conjugated equation of karma suggests that there can be anti-signals as well as anti-particles. Moreover, this equation makes it possible to describe the spectrum of
properties that these anti-signals possess. While ordinary signals travel along the river of time from the past via the present into the future, anti-signals travel in the opposite direction. They originate in the future and pass through the present into the past.

We touched upon the issue of how America was preserved and chosen, as the most advanced technical nation, to become the bearer of a truly demonic weapon of mass incineration and destruction. America’s karma was to ingest and be chosen by the beast, to bring forth FEAR with more intensity than even Nazi Germany did. Both Heisenberg and Einstein prevented Germany from going further down a certain path, but America, as arrogant and malicious and huge as She is would be a far more interesting and enormous win for the seductive forces of the beast and our failure is a failure to think of macro or vast motives and intentions that are part of “The Grand Chessboard” that include think-tanks and societies and clubs that have fallen under the brilliant and glittering glare of the beasts most intimate schooling.

This is where the Manhattan Project and Oppenheimer crossed paths with Heinrich Himmler. Both Oppenheimer and Himmler were immersed in how Krishna answers Arjuna. Human Karma and the Logos or law of the world allowed Himmler to train his ruthless SS officers in moral detachment while fulfilling the job of murdering innocent people. Since murdering masses of innocent people would disturb the individual human moral conscience both Himmler and Oppenheimer resorted to hiding behind the Yogi Karma of detachment by using the  Bhagavad Gita and what the Lord of Karma, Krishna, as a Spiritual Being, brought as justification to the horrific death and destruction that would happen on the battlefield or in the final solution of Concentration Camps.

“Krishna is not teaching Arjuna to become ruthless. A choice less person can never be ruthless. Ruthlessness can only happen to a person of attachment, attachment to killing. A ruthless person simply enjoys being ruthless. Krishna will have no attachment to killing; killing has to take place because the value system Dharma is in danger. The law and order has to be maintained.”

In other words, it doesn’t matter if you think you would like things explained very easily to you, what matters is that you raise yourself up to the plateau where you grasp that the Christ, that super divine being that entered Jesus at the Baptism at 29/30 and completed the Resurrection at 33 years of age, was indeed the very Being of Krishna and that all arguments for murder or karmic justice or detachment from torture or rendition, or sterile annihilation as with un-manned drones or bio-weapons or mere launch codes, are all brought back to the individual I AM and cannot as both Himmler and Oppenheimer imagined, that somehow by lending their destiny to mass murder they would somehow be granted immunity from karma.

You and your affiliations with what you think are the righteous military good boys and girls think that somehow you will be given a pass because you remained nothing but ignorant unconscious pawns, taking orders and all the while imagining our perfect America doing the good. No, what matters is that you treated other I AM’s as you would have wished to be treated. Not one jot or tittle that caused the horrific murder or removing someones karma from the scope of reality will be left undetected by the Christ the Lord of Karma.

It is a physics impossibility and it is a Logos law and a Logos Being that stands as steady as the order of the Sun in the constellations. Therefore puny human denial is just weary water under the bridge. Christ is the master of the physics of how the entire karma of each and every individual will be woven back into reality and held to account. And this will absolutely cause Post Traumatic Stress Disorder and psychic distortions and Karmic earthquakes through out the entire system. The Beast plans to vaccine and medicate such disturbances as a cover up against the actual influences of the Etheric Christ Being.

Humanity and the Christ Being who is the I AM of the Light of the World has placed the weight of the moral depths of the world on each and every individual human being. If you pretend to be unconscious or pretend to not understand that an actual Divine Being, the Christ, is actually active now within humanity and that this is not some Eastern Esoteric tangent, but the moral and ethical battle for the very core of each and every brother and sister in protecting the tiniest I AM because in that fragile i am is also the germ of the mighty Christ I AM, you are pretending and hiding from actual reality. We are charged with becoming morally mature or descending deeper into the abyss.

“…the saving and redeeming work of Christ as a Sun Being or a spirit connected with the mystery of the Sun, the eternal spiritual and creative light. Christ leads man back to the spiritual domain through the Mystery of Golgotha in which mankind is resurrected from the physical condition and has begun the upwards journey from matter towards light, transubstantiated by the Soul-I connection or the Christ-being of his inner make-up.”

Oppenheimer later stated that while watching the display the horrific power of the nuclear test he was reminded of a line from the Hindu scripture the Bhagavad Gita: “Now I become Death, the destroyer of worlds” The Manhattan Project was the perfect circle of research scientists who broke into the lower Devachan world without initiation. The Grail Castle and Grail legends have a collection of souls who have experienced the initiation of the moral light of the Christ Being around the destiny of the blood of a God/human. In the Grail Community Angelic and higher Devachan Light of the Risen Christ was received as inspiration and communion into the will and courage of the human being.

In the Manhattan Project terrified, fearful and scientific patriotic souls of many different nationalities gathered together, during the horrors of WW II with the opportunity supplied by the advances in technology of the west, armed only with superficial intellectual, paper thin, veneer of moral substance and sterile thinking, ready to serve the beast and open the gates of the lower devachan. Decayed or fallen Light appears in magnetism, electricity and in the fatal depleted uranium of nuclear poisoned light that literally eats into the etheric lymphatic system and destroys the light re-generator of the the bone marrow.

The Resurrection and the rise of the Etheric Christ in magnificent stages has been set into the foundations of the world within the tangible number 33. On 17 December 1833 Kaspar Hauser is stabbed to death; in 1933 was the burning of the Reichstag and the launch of Nazism and the rise of Hitler. At the approach of 1933 the dawning of the experience of the etheric Christ, at the threshold of our higher consciousness had arrived.

It means to this day and ever since the dawn of the 20th century that anyone who imagines that we shall see parading before the cameras a PHYSICAL CHRIST in a PHYSICAL BODY, has failed to understand the magnitude and intimacy of the Etheric Christ experience. As the 30’s approached the entire world, Dust Bowel, Nazism, King Kong, The Great Depression, The Gold Standard and the brilliant ‘false flag’ deception of the burning of the Reichstag hit exactly on the mark of Feb 27, 1933.

The film “The Great Dictator” by Charlie Chaplin locked into the entire world wide distraction and deception that fully upstaged the intimacy of the Etheric Christ event as it approached and dawned. Chaplin managed to reverse the entire message of Nazism to the true message of global brotherhood.

The entire distorted message that broke the surface on the significant date of Feb 27, 1933, when all the lower forces of Germany erupted and all the backroom political deals were made in the U.S. of funding Nazi Germany via Prescott Bush, and the entire Bush dynasty, set the stage for money, power and the advancement of the war mentality to a science, all of which became part of the beast’s repertoire.

In 1940 Charlie Chaplin brought out [WATCH CLIP] “The Great Dictator” and against all odds presented the true message of brotherhood and humanity and the Etheric Christ event that was rising in the background of the basest human instincts. Real freedom is the ability to cope with intangible and mature elements of reality. Real freedom means digging into the depths of the foundations of the Spiritual and the Material worlds.

Like Dalton Trumbo, Charlie Chaplin and countless others have been pursued by and some murdered and assassinated by the machinations of the Beast. The stratagems of how The Soul of America was to be attacked and prevented from attaining a true insight into brotherhood and The Etheric Christ, was hatched in the crooked and demonic forces of the FBI and J. Edgar Hoover who was a pathological psychopath that held power over Presidents and politicians alike.

All the lower instincts and the lower devachan substance of human behavior were tools for manipulation and redirecting agencies and activities against the true revelation of the Etheric Christ. Tapes, pictures and recordings of Congress, Presidents and leaders are used today with venom to blackmail all those who enter, unprepared in their darkened human instincts to attempt to serve humanity.

Just as Hoover was a gay cross dresser who tried to keep his darker side hidden, so also were the sexual and political crimes, held on file by the FBI, held over the heads of anyone who presumed that they could walk up to the face of Power and pretend they were purely seeking the good of mankind. The best politicians and those who love the lust of power above all else, all have skeletons and hideous deeds in their histories that promote the lies and deception of humanity.

Colin Powell’s U.N. pile of lies to press for invading Iraq are a very good examples of the manipulation of the beast. Dick Cheney has been one of the finest recent examples of the unmitigated corruption of a human soul by the beast. But America ingested the Anti-etheric light and the naive American soul had no training in higher Devachan moral insights.

“Chaplin became increasingly concerned with politics. A strong supporter of Franklin D. Roosevelt and the New Deal, Chaplin’s film, Modern Times (1936), was seen by some critics as an attack on capitalism. J. Edgar Hoover, head of the Federal Bureau of Investigations (FBI), began compiling a file on Chaplin’s activities, including his friendship with radicals such as Upton Sinclair, H. G. Wells, Hanns Eisner, Albert Einstein and Harold Laski.

A strong opponent of racism, in 1937 Chaplin decided to make a film on the dangers of fascism. As Chaplin pointed out in his autobiography, attempts were made to stop the film being made: “Half-way through making The Great Dictator I began receiving alarming messages from United Artists. They had been advised by the Hays Office that I would run into censorship trouble. Also the English office was very concerned about an anti-Hitler picture and doubted whether it could be shown in Britain. But I was determined to go ahead, for Hitler must be laughed at.” However, by the time The Great Dictator was finished, Britain was at war with Germany and it was used as propaganda against Hitler.

During the Second World War Chaplin played an active role in the American Committee for Russian War Relief. Others involved in this organization included Fiorello La Guardia, Vito Marcantonio, Wendell Willkie, Orson Welles, Rockwell Kent and Pearl Buck. Chaplin was also one of the major figures in the campaign during the summer of 1942 for the opening of a second-front in Europe.

After the Second World War the House of Un-American Activities Committee (HUAC) began to investigate people with left-wing views in the entertainment industry. In September 1947 Chaplin was subpoenaed to appear before the HUAC but three times his meeting was postponed. Unknown to Chaplin, J. Edgar Hoover, and the FBI, now had a 1,900 page file on his political activities. Hoover advised the Attorney General that when Chaplin left the country he should be allowed to return.

In 1952 Chaplin visited London for the premiere of Limelight. When he arrived back he discovered his entry permit revoked and had been denied the right to live in the United States. As Chaplin pointed out in his autobiography: “My prodigious sin was, and still is, being a non-conformist. Although I am not a Communist I refused to fall in line by hating them.”

Chaplin, blacklisted from making films in Hollywood, responded by making A King in New York (1957). The film stars Chaplin as the deposed king of Estrovia who flees to America where he is tormented by McCarthy style investigations. Chaplin was once again accused of being pro-communist and the film was not released in the United States.”

Dismissing the depth and Science, education and reality of the Spiritual World without a fight is immaturity first and cowardly second. Ignoring the deeper issues of humanity and how we are connected to the depths of an extended Devachan moral world is a literal failure to understand the message of The Matrix. Humanity can find itself submerged in the sub-devachan world of electricity and find that they themselves have sentenced themselves to slavery and extinction.

Oh the education and schooling of the schools of the beast started crudely with Nazi Germany. But these schools of the beast quickly grew and when America ingested the terrible potent secret of fallen light and began developing and nursing this beast, the entire social fabric of America slowly, upon slowly, became infected. For the strategy of the beast, was to outgrow the cumbersomeness of Nazi Germany and nestle its motives and agendas slowly and deeply into the lower psyche of the immoral core of America’s unconscious motives. These immoral American drives of greed and Avarice and Vegas and Wall Street motives have created entire new schools of deception. In these unconscious instincts are the causes and reasons for corruption, death, torture and economic disaster at every turn.

Chief to these schools of deception were CIA, Mossad and British nationals who found all that the beast, against brotherhood, whispered as power and aggression in their souls to be worthy of winning riches, fame and fortune in a superficial and debauched media environment and worthy of the envy of men’s eyes. And all that mattered was not the moral fabric of humanity, the higher Devachan or the reality of a Sun Being like the Etheric Christ who had walked the Earth as Jesus, all that mattered was the pretense of external success.

The pretensions of what materialism deemed  ‘the good life’. Never mind that there was very little self observation or depth of insight or courage to ask or seek the roots of disturbing questions, Americans became comfortable with convenient lies. JFK, Weapons of Mass Destruction, The Economic Crisis, 9/11, Global Warming, Heroin and Oil, The Stock Markets, Ponzi Schemes, American Health Care, all countless, countless lies, The Big Bang, Creationism, all convenient lies. The beast found the American Soul easy to seduce and America had much more stepping stone potential to paving the way to the Incarnation of the Anti-Christ because most of the leaders were easy marks and always greedy for short term success.

It does not matter to the self satisfied selfish to trace how the physics of mastering the path and way of each human “I AM’ in the vast populations of the living and the dead, passed through the world of the stars after death and how the stars themselves and the vast Angelic Community one stage above humanity, helped the Christ organize the incarnation and the lessons of all the billions over the planet. This was such high Devachan physics that to steal and rob and intrude into the Fallen Devachan Light forces of Magnetism, Electricity and Laser and atomic technology, was a robbery that was recognized by the base instincts of humanity as REAL POWER, not the cognitive power to awaken hidden spiritual capacities and creating a school of wisdom and a wide world of educational principles and insights that could reawaken all that slumbered as the good and healing potential in humanity. To the media and culture, such insights appeared uninteresting, boring. The effort to locate the activity of the I AM in the blood; The astral body in the nervous system; The etheric body in the lymphatic system; and map the brilliant Physical Form and Physical body of Human Beings as a potent IMAGINATION of the gods themselves, was left to Rudolf Steiner and The School of Spiritual Science and the Devachan Grail students to defend.

The rich Science of how the supercharged higher devachan light of the Christ entered Jesus, not as a simple man, but as a complex deed of Initiation Schooling and human karma, entered into the human humility and humiliation of a God’s sacrifice on Golgotha is all part of the Science of Humanity. The Lord of Karma and the Etheric Christ was charged with lifting the entire genetic Fall of Humanity upwards, so that a Human model of Spirit Man, an advance prototype of what humanity shall become in the distant future, shattered the entire mid-point of human evolution on Earth. Humanity is charged with balancing the depths of its human darkness with the heights of it’s divine potential by choosing in freedom to walk a line between hellish slavery and the higher education of human Initiation Science.

Christ in The Spirit Man Phantom Body arising from the Tomb

Creditanstalt was an Austrian bank whose failure in May of 1931 triggered the penultimate crisis of the worst depths of the Great Depression. I wonder if Dubai World is the Global Financial Crisis’s Creditanstalt?

A country which is a thinly veiled totalitarian State,to which world has turned a blind eye because of oil,a country where Human Rights violations can not even be voiced because of monetary clout,a place where people flocked to to work for a people who do not know what to do, a Head of the country who is not accountable to any one, where economic transactions are limited to family coterie, with generous doles to foreign corporations, where ordinary citizens have been led to believe building skyscrapers could lead to their happiness, has burst.
Worst is yet to come.
Story:
Wall Street turned lower on Friday, as traders scrambled to play catch-up after downturns in Asian and European markets over the Thanksgiving holiday.

Investors were spooked by reports that Dubai World, the emirate’s investment vehicle, was seeking to suspend repayments on all or part of its $59 billion in debt. That pushed shares down more than 3 percent on European markets on Thursday; Asia markets posted similar declines on Friday.

Immediately after the markets opened, the Dow Jones industrial average fell about 230 points, but shares then started to regain ground. In the last 40 minutes of trading, the Dow was down 1.3 percent or 133 points. The broader Standard & Poor’s 500-stock index fell 1.5 percent or 16 points, and the technology-dominated Nasdaq slipped 1.3 percent or 28 points. The stock markets will close at 1 p.m. Friday after being closed Thursday for Thanksgiving. The bond markets close at 2 p.m.

The dollar was just below $1.50 to the euro, and crude oil prices fell $3.08 to $74.88 in New York trading. Treasury prices rose.

Analysts said they thought Thursday’s declines might be overdone, and that a true picture of the market’s reaction would emerge next week as buyers return from the holiday and as more details on the Dubai situation come out.

“I don’t think it’s devastating at all,” said Jeffrey Saut, chief investment strategist at Raymond James. “Nobody knows the collateral damage, but it is clear that our banks have exposure to European banks.”

A research note Friday from Credit Suisse estimated that European banks may be the hardest hit if Dubai World cannot meet its obligations, with total exposure estimated at 13 billion euros ($19.6 billion). European banks on Friday played down their exposure.

“Dubai is really a symptom, a legacy, from the previous boom, rather than symptomatic of a start of a whole new set of issues that are going to create a systemic crisis in emerging markets,” Kevin Grice, senior international economist at Capital Economics in London, said. “Markets assume the worst-case scenario.”

The uncertainty in Dubai did not suggest a coming collapse of the global real estate market, Mr. Grice said.

European markets closed slightly higher. The FTSE 100 in London was up 52 points, or 1 percent, while the DAX in Frankfurt rose 71 points or 1.3 percent. In Paris, the CAC-40 increased 42 points or 1.2 percent.

In Europe, investors were concerned about the state of public finances and possible credit rating downgrades in Greece and Ireland.

Asian markets fell. The Hang Seng index in Hong Kong declined 4.8 percent and South Korea’s key market gauge, the Kospi, dropped 4.7 percent. The Nikkei 225 index in Japan and the Taiex in Taiwan both sagged 3.2 percent. The market turmoil was touched off by Wednesday’s announcement from Dubai, one of the seven members of the United Arab Emirates, that it was asking banks to allow Dubai World to suspend its debt repayments for six months.

Dubai’s move — the global high-finance equivalent of a homeowner asking the bank to allow six months of skipped mortgage payments because of a shortage of cash — sowed fear of a contagion of instability that could roil markets that are only now recovering from the near cataclysm of the last year.

“This has sent shockwaves through the markets, even though the problems in Dubai have been known about for two years,” Emil Wolter, a Hong Kong-based strategist the Royal Bank of Scotland, said by phone from Paris.

“But it is not the trigger for a brand-new crisis. Yes, the magnitude of the situation is dramatic for Dubai. But Dubai is not America — and a property crisis in Dubai will not cause the same global crisis as a property crisis in the States.”

Some market experts noted, for instance, that while banks that have lent money to Dubai World could suffer significant losses if the company were to default on all or part of its debt, worries about the sovereign debt of oil-rich Middle Eastern countries were unfounded.

Paul Schulte, head of multi-strategy research at Nomura in Hong Kong, commented in a note on Friday: “Dubai was a carbon copy of Thailand’s disastrous foray as an ‘international financial center’ in the 1990s. Happily, the U.A.E. has oil. Thailand did not.”

Like many Western consumers during the good times, Dubai gorged on debt and borrowed too much to finance a building boom that has gone bust in the downturn.

“Dubai was fairly much the worst example of overextension. It had the worst debt per capita in the world by far,” Christopher Davidson, an expert in Gulf politics at Durham University in Britain, said Thursday. “I would like to put it down as a really enormous white elephant that doesn’t have much in common with the regular economy of a regular state.”

When credit markets froze last year, Dubai, like Iceland, found itself overextended. But Dubai, which has little oil, was backed by its Arab emirate neighbors, especially oil-rich Abu Dhabi — or so investors had assumed.

Saud Masud, head of research at UBS in Dubai, said Thursday that negotiators would feel pressure to reach some kind of deal to present to the markets before trading in the region resumes next week after the Eid holiday. The Dubai government’s total debt is estimated at about $80 billion, of which, Mr. Masud estimated, about two-thirds is held by local investors.

Mr. Schulte of Nomura commented in his note that, in his view, “it is not a matter of when but at what price Abu Dhabi will bail out Dubai.”

Mr. Wolter of RBS said he too believed Abu Dhabi would have no choice but to ultimately come to Dubai’s rescue. Until that becomes clear, though, he said, markets would remain extremely nervous.
http://www.nytimes.com/2009/11/28/business/28markets.html?_r=1&hp&emc=na

Animated US Map Shows Startling Growth of Unemployment

(CFD.net.au – Contract for Difference, Share, Forex, ETFs, Commodities Traders) –

At 12:00 (AEDT), the dollar was trading at $US0.9221/25, down 0.64 per cent from yesterday’s close of $US0.9280/83.

During the morning session, the local currency moved between $US0.9215 and $US0.9257.

Royal Bank of Scotland foreign exchange strategist Greg Gibbs said weaker equity markets lowered demand for currencies such as the dollar.

Wall Street closed lower overnight on disappointing housing data, which was weaker than forecast.

Housing starts in the US rose by 0.5 per cent to 590,000 in September, below market expectations of a 610,000 increase.

The Dow Jones Industrial Average closed down 0.50 per cent.

The share market followed the weak theme, with the benchmark S&P/ASX200 index down 0.27 per cent by 12:00.

“It has come off a bit offshore inline with most commodity currencies that weakened offshore,” Mr Gibbs said.

“You could put it down to a softer Equity market in the US may have provided some support for the US dollar.”

Equity markets had rallied consistently over recent weeks on stronger-than expected earnings reports, but had subsided this week.

“It’s run out of juice on the upside, and hence it has corrected a little bit.”

Mr Gibbs said comments from a noted watcher of the Reserve Bank of Australia (RBA) that the central bank may reverse its recent rate rise if the economy weakens in time had some impact on the local currency.

The RBA lifted the overnight cash rate by 25 basis points to 3.25 per cent on October 6, its first tightening of monetary policy since March 2008.

“It may have come off a bit after journalist reports on possible policy moves by the RBA,” he said.

“That could be weighing on the currency.”

Source: Australian dollar lower at noon | Business Breaking News | News.com.au

Με πτώση άνοιξαν και σήμερα οι χρηματιστηριακές αγορές της Ευρώπης εν μέσω ανησυχιών για την αδυναμία δύο εκ των μεγαλύτερων κρατικών επιχειρήσεων του Ντουμπάι να αποπληρώσουν χρέη ύψους 59 δισ. δολαρίων.

Το κλίμα πανικού που επικράτησε χθες οδήγησε τα ευρωπαϊκά χρηματιστήρια στις μεγαλύτερες ημερήσιες απώλειες των τελευταίων επτά μηνών.

«Βρισκόμαστε στην επαύριο του “σοκ του Ντουμπάι”, αλλά δυστυχώς οι παρενέργειες φαίνεται πως δεν έχουν περάσει ακόμα», σχολίασε αναλυτής της Close Brothers Seydler.

Στις 10:23 (ώρα Ελλάδος), ο πανευρωπαϊκός δείκτης FTSEurofirst 300 υποχωρεί κατά 1,2% στις 976,64 μονάδες. Χθες, σημείωσε πτώση 3,3%.

Στο επίκεντρο των ρευστοποιήσεων βρίσκονται οι τράπεζες, με τις μετοχές των Natixis, HSBC, Deutsche Bank και UniCredit να καταγράφουν απώλειες 2,1-3,8%.

Ανά την Ευρώπη, ο FTSE 100 [.FTSE]  στο Λονδίνο, ο Xetra DAX στη Φρανκφούρτη και ο CAC 40 [.FCHI]  στο Παρίσι υποχωρούν μεταξύ 1,1% και 1,4%.

Νωρίτερα, ο δείκτης Nikkei [.N225]  στο Τόκιο έκλεισε στα χαμηλότερα επίπεδα των τελευταίων τεσσάρων μηνών. Η Wall Street, η οποία παρέμεινε κλειστή χθες λόγω αργίας, θα ολοκληρώσει σήμερα τις συναλλαγές της νωρίτερα (18:00 ώρα Ελλάδος).

Like many others, I traveled quite a distance to have Thanksgiving with my parents and siblings and assorted other relatives, significant others, and guests.  It was a good day, even though the four-airport trek keeps it from being an annual event.

I hope you all had similarly affirming days.

Part of the catching up was the discussion of “what’s next”.  Fortunately our discussions stay away from politics and economics until after the pies and coffee.  Our family has “one of each” in many ways, and politics is no exception.

Several conversations turned toward the bailouts, US Dollar, the market, etc.  Since they all knew I wrote a book during the meltdown, they were interested where that stood, as some of them saw the first draft in April 2008.  As one brother said “It needs a few more chapters now.”

I’ll be adding those chapters, and starting on my idea for the big picture second book over the coming weeks and months.

Readers of this blog will be witness to the development of some of those “big picture” ideas in a series I’ve decided to call “connecting the dots.”  It will look at the development of structured finance and capital markets in the context of the US and global economy since World War II, a period I and many others see as having been a full or nearly full Kondratiev cycle.

Like the “Tribes” series and my first manuscript, I hope to mix in the serious thinking about macro trends with the real-world experience of a career on the Street and in the business to proffer an insider’s view of what happened and why.

The plan is to develop these ideas – the dots – over time, and let the readers come along with me on this path.  The rest of the time, I’ll let the days’ events in the market drive the commentary, giving you a mix of the two approaches.

Take care and enjoy the rest of your holiday.  When you call your broker tomorrow, don’t sell unless you had already decided to sell before Dubai hit its national leverage wall.  Exciting times, these.

hh

C’è quel posto nel deserto dove ce vanno tutti i ricconi. E’ Dubai. Ci fanno le isole finte, i super grattacieli alti 3 km, i palazzi che ruotano, le fontanone i casinò le trattorie… insomma ci vanno i ricconi per spendere i soldi ed essere appena un pò meno ricconi. Ma per andarci si deve essere ricconi ricconi, non basta avecce il macchinone e la casa al mare, ma le fabbriche, il petrolio, l’elicotteri i quadri de Picasso. Purtroppo però da un annetto a questa parte c’è la crisi, questo per i ricconi vuol dire che possono fare il pieno all’elicottero solo una volta a settimana, vuol dire che possono spendere solo 100mila € per un pasto. E allora cosa succede? Succede che a Dubai non ci va più nessuno. E a Dubai i palazzoni li costruivano a credito, con le banche c’hanno adesso 80 miliardi(!) di €uri. E quindi giù le borse asiatiche, giù Uoll Strit e giù Milano.

Ma perchè qui qualcuno che c’ha 10 azioni della Roma deve perdere un pò de €uri per colpa de i ricconi e di Dubai???

Arnoldo Vigni

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Happy Thanksgiving!  I hope today, tomorrow (Black Friday), Saturday, and Sunday will be excellent for everyone.

I’ll be waking up in about 5-6 hours, and I’ll probably be seeing a lot of people out and about lined up for the insane shopping tomorrow.

Holidays used to be so much more festive when I was a kid in the 90s.  Now it’s just eh.

Over these past few years I know what it has been like to be on the top of your faith and I know what it is like to almost lose it. I know the arguments for both accepting and rejecting faith in Christ. I know how true Christianity and false Christianity look like and have experienced both sides of the proverbial coin.

And one major problem has allowed me to examine why I truly believe in Christ: hypocrisy.  This one major problem that has spread throughout the body of Christ is why I have wondered why I believe in Christ in the first place. This one major problem has made me wonder is it worth fellowshipping with those who call themselves Christians. And this one major problem has almost destroyed my faith, my ministry, and my life.

Jerks—I can’t stand them. If anyone is honest with himself or herself they would probably say the same thing. I mean, who says that they love jerks? I mean anyone with half a brain would probably say, “I can’t stand jerks.” I mean that’s just me, but who knows these days. But it seems like the epidemic of “jerk-itis” is on the flippin’ rise. I see girls that are in love with macho jerks; I see people in government that are elitist jerks; I see corporate executives that are greedy and are ravenous jerks; I see jerks, jerks, and more jerks.

But the one place I have seen more jerks in my life than any other place unfortunately is not in the clubs, Washington, D.C. , or on Wall Street—nope, the place I have seen my fair share of jerks is in the church. Now it is one thing for some atheist to write this statement; but this is coming from someone who is a passionate believer in Christ, who loves Christ and His church, and was a former “jerk.”

You see, when I first became a Christian I was brought up more with the mentality of being a legalist jerk than being a compassionate servant. For me it was all about being right and wrong and it was about who could be the most holy and dress in the best suit. It was about politics and about CCM (hating it, then liking it, then having to hear it is the “devil’s music,” then finally liking it). It was about going to that “Christian college,” and abstinence and about dating is bad and courtship is good. In the end it was about me, myself, and I. I didn’t even grasp the picture of what authentic Christianity looked like until recently in life. All I was seeing previously was hypocrisy, fundamentalism, legalism, and everything that the Lord hates but the things that permeate the Church.

Jerks are everywhere man and they come in all shapes and sizes. They are nonbelievers but they are believers as well. I am not saying that the things above like CCM, abstinence, and courtship are bad things. But having the attitude that because I like or practice those things makes me better than you is “jerkish.” What we need to do to eradicate the “jerk-itis” syndrome that is going around the church today is replace everything “we hate” with the royal law as James puts it: to love God and to love others. If we would become a band of believers that were known more for who we love than for what we hate—the world wouldn’t have to see us as bold-face bigots or hatemongers; we could be seen as revolutionaries, as compassionate servants of the kingdom desiring life change in every individual life.

I have been there and done that when it comes to being a “jerk,” and now I abandon it for something authentic—a true servant of Christ. Laying aside any fundamentalism, or legalism, or judgmentalism, or homophobia, or hypocrisy, or anything that would hinder me from opening up the truth of the gospel with others—I serve God with all my heart and love God and love others.

Here’s a “short test” to see if you pass or fail the “jerk test”:

“With the tongue we praise our Lord and Father, and with it we curse men, who have been made in God’s likeness. Out of the same mouth come praise and cursing. My brothers, this should not be.” (James 3:9-10)

So if you praise God yet curse men, you pass the “jerk test” with flying colors, and if you don’t, well then you fail. If we were honest with ourselves, I would say we all have passed and have been there, done that. Let’s resolve never to commit the act that James has spoken of, but let us always do the following:

“If you really keep the royal law found in Scripture, ‘Love your neighbor as yourself,’ you are doing right.” (James 2:8)

[this is from a series of articles entitled: “Why I Hate…”]

Par George Malbrunot

« Pas du tout », répond Rodolphe Cazavant. Ce jeune cadre de 32 ans a quitté en début d’année sa banque londonienne pour rejoindre un établissement du Qatar, spécialisé dans la finance islamique. Et il ne s’en plaint pas. « J’ai beaucoup plus de responsabilités et une qualité de vie bien meilleure qu’à la City », ajoute ce père de deux jeunes enfants, qui a découvert les charmes du désert.

A Doha, Abou Dhabi ou Bahreïn, de nombreux cadres français travaillent désormais dans les départements « Finance islamique » des banques locales. Fondée sur la « charia », la finance islamique interdit le recours aux intérêts, la spéculation, et les investissements considérés comme impurs (jeu, alcool, armement…).

La plupart des banquiers français, rencontrés lors d’un récent séjour à Doha, dédramatisent l’arrivée prochaine dans l’Hexagone des « sukuks », ces obligations conformes à la loi islamique.

« Même au Moyen-Orient, la finance islamique reste un phénomène marginal, puisqu’elle ne concerne que 17% de l’activité financière de la région », explique Rodolphe Cazavant. « Mais, c’est vrai qu’elle est en net développement ».

Au Qatar, même si la finance islamique ne représente que 20% de l’activité bancaire, le financement des grands projets gaziers fait désormais appel aux « sukuks ». Et la majorité des licences accordées aux nouvelles banques bénéficient aux établissements pratiquant la finance islamique. « Et puis, la finance islamique elle aussi se modernise, selon R. Cazavant, elle essaie de copier la finance traditionnelle ».

Au Qatar, une cinquantaine d’experts en science islamique se partage les postes dans les « charia board » des banques qui pratiquent la finance islamique. Ce sont eux qui doivent dire si tel projet à financer est « charia compatible ». Mais de la théorie à la pratique, il y a parfois un fossé. « Regardez la finance islamique en Extrême-Orient, elle est très différente de celle que nous pratiquons dans le Golfe », assure André Gilles, un autre banquier.

La plupart regrette que les mentalités françaises ne soient pas encore prêtes pour les “sukuks“. « Ca fait peur, nous sommes un pays foncièrement laïc », constate A. Gilles. Pourtant, à entendre tous ces banquiers, la finance islamique n’a rien d’inquiétant.

Depuis quelques années, la ministre de l’Economie, Christine Lagarde, plaide fermement pour son arrivée dans l’Hexagone. Pourquoi un tel engouement, se demandent nombre de banquiers français à Doha. Pour attirer les fonds souverains du Golfe ? « Mais ceux-ci concernent majoritairement des activités conventionnelles », rétorquent-ils.

La plupart, en revanche, s’accorde à reconnaître que « l’activité vente au détail d’une banque islamique peut intéresser une petite frange de la population française de confession musulmane », selon Arnaud Depierrefeu, avocat d’affaires installé à Doha.

Finalement beaucoup en conviennent : la finance islamique est surtout un moyen pour les responsables politiques occidentaux de renvoyer l’ascenseur vers ceux qui les ont aidés à affronter la crise financière. « Nous sommes plus dans le politique que dans l’économie pure », soutient A. Depierrefeu.

Le Qatar, par exemple, a pris une partie du capital de Crédit Suisse, de Barclays Bank ainsi que 9% de Lagardère. « Les grosses entreprises françaises avaient du mal à se refinancer durant la crise, elles se sont dits pourquoi pas recourir à la finance islamique », note un expert économique. Et dernièrement, des assureurs français sont venus au Qatar, afin d’y examiner les possibilités de développer à leur tour une activité finance islamique.

Source : http://blog.lefigaro.fr/malbrunot/2009/11/faut-il-avoir-peur-de-la-finan.html

Article here at Townhall.com. (H/T ECM)

Excerpt:

After the cascade of economic disasters that began in the housing markets in 2006 and spread into the financial markets in Wall Street and even overseas, people in the private sector pulled back. Banks stopped making so many risky loans. Home buyers began buying homes they could afford, instead of going out on a limb with “creative”– and risky– financing schemes to buy homes that were beyond their means.

But politicians went directly in the opposite direction. In the name of “rescuing” the housing market, Congress passed laws enabling the Federal Housing Administration to insure more and bigger risky loans– loans where there is less than a 4 percent down payment.

A recent news story told of three young men who chipped in a total of $33,000 to buy a home in San Francisco that cost nearly a million dollars. Why would a bank lend that kind of money to them on such a small down payment? Because the loan was insured by the Federal Housing Administration.

The bank wasn’t taking any risk. If the three guys defaulted, the bank could always collect the money from the Federal Housing Administration. The only risk was to the taxpayers.

Does the Federal Housing Administration have unlimited money to bail out bad loans? Actually there have been so many defaults that the FHA’s own reserves have dropped below where they are supposed to be. But not to worry. There will always be taxpayers, not to mention future generations to pay off the national debt.

Very few people are likely to connect the dots back to those members of Congress who voted for bigger mortgage guarantees and bailouts by the FHA. So the Congressmen’s and the bureaucrats’ jobs are safe, even if millions of other people’s jobs are not.

Congressman Barney Frank is not about to cut back on risky mortgage loan guarantees by the FHA. He recently announced that he plans to introduce legislation to raise the limit on FHA loan guarantees even more.

Congressman Frank will make himself popular with people who get those loans and with banks that make these high-risk loans where they can pocket the profits and pass the risk on to the FHA.

So long as the taxpayers don’t understand that all this political generosity and compassion are at their expense, Barney Frank is an odds-on favorite to get re-elected. The man is not stupid.

Can you guess which political party Barney Frank represents?

WASHINGTON — Suddenly the Federal Reserve is everybody’s punching bag.

Strip the Fed of its bank regulation powers, some in Congress are demanding. Get probing audits of its behind-the-scenes operations, others say.

The chairman of the Federal Reserve Board is always fair game for criticism and second-guessing, usually over interest rate actions. But this year the criticism is much broader as Congress responds to widespread public anger that the Fed bailed out Wall Street but not ordinary Americans, and with unemployment in double digits.

Former Fed chairman William McChesney Martin Jr. famously said that the central bank’s job was to yank away the punchbowl just when everybody is starting to party. And while Fed Chairman Ben Bernanke has signalled the Fed will keep interest rates low for now, a round of higher rates inevitably will come.

The Fed finds itself both the punchbowl keeper and the punching bag. Imagine the outcry when it does begin to crank up rates â?? perhaps just ahead of next year’s midterm elections.

Fireworks seem likely at Senate confirmation hearings early next month on President Barack Obama’s nomination of Bernanke to a second four-year term as chairman.

Many economists and Fed watchers say congressional efforts to rein in the Fed’s powers could interfere with the central bank’s ability to help guide the fragile economy to recovery.

The Fed’s very independence and its unique ability among U.S. institutions to create money out of thin air enabled it to act quickly to stabilize the nation’s financial system after it froze up last September after the bankruptcy of the Lehman Brothers investment house, Fed backers say.

“It might have been the Fed’s finest moment when it had to jump into the market,” said David M. Jones, a former Fed economist and president of DMJ Advisors, a Denver-based consulting firm. “We still have to wait to see how effective the Fed is in its exit strategy and whether it can keep inflation in check. But this badgering by Congress, even if there is populist sentiment, is inappropriate.”

The Fed’s aggressive intervention also set the stage for the current criticism. Many lawmakers question whether the Fed’s money machine has mainly benefited financial markets and not the broader economy. Lamakers are also peeved that the central bank acted without congressional involvement when it brokered the 2008 sale of failed investment bank Bear Stearns and engineered the rescue of insurer American International Group.

Bernanke, first appointed by President George W. Bush, has worked closely with both Treasury Secretary Timothy Geithner and Bush Treasury Secretary Henry Paulson in confronting the worst financial crisis in decades. Geithner also has gotten his share of congressional wrath, mainly for his administering of the $700 billion bank bailout fund.

“In the past, the Federal Reserve was held in very high esteem,” said Rep. Ron Paul, R-Texas, a libertarian who ran a quixotic third-party presidential campaign in 2008. Now, it’s “the source of our problem,” suggests Paul, author of the bestseller “End the Fed.”

Usually an outlier, Paul suddenly has found an army of at least 307 House colleagues and 30 senators marching behind his legislation to subject the Fed to intense scrutiny by Congress’ Government Accountability Office. The House Financial Services Committee endorsed Paul’s approach 43-26 last week over objections from its chairman, Rep. Barney Frank, D-Mass.

The bill would authorize Congress to audit not only the Fed’s lending programs but its basic decisions to set monetary policy by raising or lowering interest rates. Paul has been introducing a version every year since the early 1980s, but this is the first time it has garnered any serious attention.

Senate Banking Committee Chairman Chris Dodd, D-Conn., who will preside over Bernanke’s confirmation hearings, has proposed legislation that would strip the Fed of its bank-regulation authority and give the Senate a role in selecting the 12 regional Federal Reserve bank presidents.

Dodd says his measure would return the Fed to its core mission of setting monetary policy, claiming it proved itself “an abysmal failure” by not cracking down on risky lending practices that led to the financial meltdown.

Dodd is in an extremely tight battle for re-election, even though he has served in Congress for 35 years.

“I don’t think it ever hurts to have a member of Congress stand up and denounce the Fed. There is a lot of anger out there, and this is basically a therapeutic gesture,” said Ross Baker, a political scientist at Rutgers University.

Still, Baker said, it probably isn’t wise to tamper with the formula that makes the Fed “very much an anomaly in American government. It’s independent, it has to be. You don’t want the Fed to be under the control of the president. And it kind of sits out there — not in the executive branch, not in the legislative branch, not in the judicial branch. Sort of its own little element in the separation-of-powers constellation.”

While the Fed is subject to some congressional oversight, its decisions don’t have to be ratified by the president or Congress. Fed officials are not paid with money appropriated by Congress.

Should Bernanke be worried?

“Not only should he be worried, he’s clearly ratcheted up his game in terms of his communications with Congress,” said Norman Ornstein, a senior fellow at the American Enterprise Institute.

Ornstein said the Fed bashing this time is different from before, with “a broader base of support. And it’s coming from people who in the past would not have hit the Fed. There’s a lot of populist anger out there — on the left, in the center, and on the right. And politicians are responsive to that.”

Gold Anti-Trust Action Committee