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Tipping Point
(Gold:  $300 Trillion per ounce?)

by Edgar J.
Steele

August 22, 2007

"Smoke smoke
smoke that cigarette.
Puff puff puff and if you smoke yourself to
death,
Tell St Peter at the Golden Gate
That you hate to make him
wait,
But you just gotta have another cigarette."
---
Smoke, Smoke, Smoke That Cigarette (Merle Travis and Tex
Ritter)

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My name is Edgar J.
Steele.

I believe that America, finally,
has achieved critical mass and simultaneously has reached or is approaching her
"tipping point" regarding a great many issues.

Tipping points inherently are
deceptive.  Overtly, one perceives a sudden, dramatic shift, often without
notice.  Unlike schoolyard teeter-totters, however, the required force
usually is not applied all at once.  Let me give you a personal
example.

When I was younger and even more
foolish than today, I smoked cigarettes.  "Everybody did it," as they say,
in those days.  Gradually, my disgust with the habit outgrew the coolness
that I imagined cigarettes imparted, Bogart-like, to my image, but smoking had
become an ingrained, habituated ritual and physical addiction.

Incidentally, most people tend
to overlook the ritualistic significance of handling cigarettes, which is why, I
believe, most find it so difficult to quit smoking.  The physical
nicotine addiction, which is surmounted in about three days, is the least of
it.

For years, I would quit, then
start again ... and again ... and again.  Sound familiar?  Toward the
end of my addiction, I even changed brands to one that I didn't like at all
("Advantage," which was like smoking old, rolled-up newspaper compared to my
beloved/hated charcoal-filter Tareytons).  Yet, I continued to put them
away, two packs or more, each and  every day.

I remember clearly the moment I
reached my cigarette tipping point:  I was navigating a troublesome 5-way
intersection in Oakland, California during rush hour, signaling, looking around,
dodging other cars, shifting gears, turning the wheel and juggling a cigarette
that slipped from my fingers.  Smokers are all-too-familiar with this
situation, source of countless burnt spots in clothing, upholstery, carpentry
and assorted body parts.  Once through that intersection without killing
anybody, I snagged up the smoldering butt.  Looking at what had become my
very last cigarette with the sort of disgust so many of us feel concerning
George Bush these days, I stubbed it out in the overflowing ashtray.  I
haven't had a cigarette in nearly 40 years.  Not once, in all that time,
have I wanted one.

Other smokers began to challenge
me enviously, then, as it became clear that I was well clear, asking how I had
managed to quit so easily - so effortlessly.  I tried to tell them about my
years of growing disgust, but could not point to any single thing, not even that
brief moment in traffic when I reached my tipping point, that helped them
out of their habit.

Others thought that I was hiding
some powerful secret.  To them, I quit overnight.  I knew
better.  I simply had reached the point where my desire not to
smoke had overtaken my desire to smoke and, just like that, overtly
manifested what had been building for years.  To me, it was a long,
drawn-out process, fraught with countless false starts and too much effort to
describe.  To them, I had captured lightning in a bottle.

Almost always, tipping points
are like my conversion from smoker to non-smoker.  Things seem so normal,
so unchanging, for so long, despite nagging warnings and recurrent little signs
to the contrary.  Suddenly, a tipping point is reached and lasting change
occurs.  A stock market crashes.  A currency hyper inflates.
Economic depression befalls entire nations.  World War suddenly erupts from
some small regional conflict.  Infection becomes epidemic.  History is
replete with examples.

Only the Reality
of Change Never Changes

In fact, if there is one thing
that history should teach us, it is that the status quo - always - is
only temporary.  Why should today be any different?  Why should
America escape the fate of every empire that has fallen before her
time?

The signs of imminent change are
everywhere today and seem, just recently, to have accelerated, both in frequency
and in number.  Individually, the tipping points heaving into view are
manageable.  Problem is, the accretion of imminent tipping points worldwide
and, particularly, in America is mind boggling:

America's war effort in Iraq is
on the verge of total collapse, despite media reports to the contrary.
Yet we are about to invade Iran?

The Russian Bear once again has
emerged, is heavily patrolling outside its own borders with nuclear-armed
bombers and ships and has strongly warned both Israel and America not to
interfere in Iran.

The mortgage market is on the
verge of total collapse, as indicated by the sudden failure of not-so-subprime
lenders in addition to a raft of lower-rung mortgage companies.  Yet, that
sea of Adjustable Rate Mortgages has only just begun to ratchet up from their
teaser rates.

Home foreclosures have
doubled in the past year alone (and foreclosures have been posting new
annual records for a while now).

Because most money market
accounts and a great many financial derivatives are backed solely by home
mortgages, packaged in different ways and with impressive-sounding names, people
and institutions are dropping commercial paper like hot potatoes.

Now that all laws against
banking usury have been suspended, just wait until enough Americans see their
credit card balances being charged interest at the rate of 36% for being a day
late with a single payment or, perhaps, merely going over their limit a few
dollars.

Bankruptcy no longer is an
option for most Americans, due to changes in the law secretly emplaced by
Congress doing the bidding of the banking industry.  This will be
interesting as we find out if they intend to reinstitute debtors' prisons.
At least, it will be a way to get a meal ("Please, sir, may I have some more
porridge?")

Derivatives in general and hedge
funds, in particular, are on the verge of total collapse, just as so many hedge
funds already quietly have been subsumed by their own industry and government
(but, I repeat myself).

The stock market should have
crashed long ago and shows signs now of growing beyond the control, even, of the
plunge protection team composed of banking industry and government people (but,
again I repeat myself).

The Choice:  Stock
Market Crash or Stock Market Crash

Many say that interest rates must increase, else the dollar will
disappear into hyperinflation, with the market crashing into nonsensical dollar
values.  If interest rates are increased, however, the resultant increased
cost of doing business alone will crash the market.

Given how far the market has
been stretched by the outrageously expansionary monetary policies of ex-Federal
Reserve Chairman "Easy Al" Greenspan and, now, "WhirlyBen" Bernanke, a crash,
whether controlled or in a rush, is unavoidable.  Nothing - nothing
- can save the stock market now.

Remember that financial
markets can crash upwards, too.  It just requires a measuring currency
that devalues faster than the market appreciates.  In fact, America's stock
market has been crashing upwards for years, already.

The Lesson of History is
Lost on Everyone

As always, history would be
instructive if we would but pay attention.  Not just those who fail to
study history are doomed to repeat it, as America's current plight has been
experienced, time and again, by each and every single empire since the dawn of
civilization.  Similarly, if one would but see, the path ahead clearly is
set out by the recorded experience of those past empires.  It isn't
pretty.

Let's focus on just one such
experience, that of post-WWI Germany.  Not the same, you say?  Germany
was a defeated nation, saddled with crushing war reparation payments and
overseen by hostile, foreign interests, after all.  Fair enough
objection.  Let's dispel it.

The Usual Suspects ...
Again

Time does not allow full
development of the concept in this space, but suffice to say that America, too,
is a defeated nation (subject of the slow, rolling coup that broke into the open
with the assassination of JFK) and now is overseen by hostile, foreign interests
in the form of the usual suspects:  the globalists ... central bankers ...
some might even say Jews.  And that is just the beginning of the
similarities.

Now, you stop right
there!  I saw that grimace cross your face.  I heard you mutter in
disgust, "Just another anti-Semitic screed."  Perhaps.  Perhaps
not.  Try to keep an open mind, because it is impossible to pin the tail on
this donkey with euphemisms like "central bankers" or, even, "Zionists."

Discussing America's impending disaster without using the J-word is
like trying to describe the phenomenon of Elvis impersonators without using the
E-word.  In an absurd mixture of metaphor and mostly just for fun, visit http://www.jewishelvis.com/ and listen to
Jelvis sing "Blue Suede Yarmulke."

Ahem ... now, seriously, one
absolutely must understand the tribal and clannish Jewish mentality that places
race ahead of country, always in fear of being displaced, always needing total
control, always creating its own opposition and persecution and always ...
always overreaching, thereby leading to ejection or
destruction.

Just as Germany nearly a century
ago was saddled with Jewish bankers and governmental overseers following the
Versailles Treaty, so is America governed today.  The import of this
fact goes well beyond coincidence.

America's Federal Reserve Bank
is foreign owned (primarily Jewish), just as was post-WWI Germany's
Reichsbank.

America's government thoroughly
is in the hands of Jewish interests, just as was post-WWI
Germany's.

America's media today is
entirely owned and run by Jewish interests and is used primarily as a
tool of social engineering via propaganda, just like post-WWI Germany.

America today is saddled with
crushing financial obligations she cannot meet, both at home and abroad.
Before much longer, every single dollar taken in via tax collections will be
spent merely on government interest payments.  America quite literally
never can repay her debts.  Just like Germany nearly a century
ago.

Just like Germany of the 1920s,
America has begun to create money infinitely and very recently has made clear
her intent to continue to do so.

If you seriously doubt any one
of the foregoing propositions, then you simply haven't been paying attention and
you need to do some fundamental spadework, which the Internet makes so
easy.  Incidentally, if you disbelieve anything I just have told you
and don't do this basic research, if only in an attempt to discredit me,
then you are a fool and I wash my hands of you.

Economic Tipping
Points

That's the background.
Now, here's the setup:

Germany's Reichsbank literally
poured money into the German economy, starting in 1914 and then accelerating in
earnest in 1919, both directly and by letting all true German street banks
create money through lending and fractional-reserve banking.  Just like
America today.

The German government was run
for the internationalist purposes of its Jewish masters, leading to an
inflationary economy, decreasing morality and so many other indicia of America
today.  So much money was created that the amount in foreign hands lent
itself to international speculative short selling of the Mark.  Just
like America today.

Germany's tipping point came
when a critical mass of the Mark enabled the foreign speculation.  The
speculative short selling, soon to begin with American dollars, marked
the beginning of Germany's inexorable march into hyperinflation.

Between 1914 and 1919, the value
of the German mark versus the American dollar fell from 4:1 to 8:1 (25 cents to
about 12 cents), a decline of 50% in just five years.

Now, consider the fact that,
between 2002 and 2006, also a span of just five years, the American dollar fell
50%, as well, during which time average American wages actually fell slightly in
unadjusted dollars (thus, a halving of the American standard of living, but for
the real estate bubble that enabled Americans to use home equity as a source of
funds).

It was at just the point America
finds herself today that Germany reached her economic tipping point:  the
Reichsbank opened the monetary floodgates (just as the Fed did within the past
week) and the Mark began to spiral out of control into hyperinflation.

One year later, during 1920, the
Mark was worth but 2 cents (50:1).  In 1921, the Mark brought slightly more
than one penny (100:1).  In 1922, true hyperinflation set in and it took
1000 Marks to buy a single American dollar.  In 1923, with the end in
sight, the ratio quickly soared from 18,000:1 to 4 trillion Marks to 1
dollar!

Gold:  $300
Trillion per Ounce?

From tipping point to oblivion
in just four years.  If the parallel holds true, then gold should be worth
$3,000 per ounce later in 2008, $75,000 in 2009, $750,000 in 2010 and $300
trillion per ounce sometime in 2012.

Could this really happen in
America?  Yes, though probably not so dramatically.  Once a tipping
point is reached, don't forget, things can appear to change almost
overnight.  But, consider merely the effect of the dollar falling by half
yet again during the next few years - and I absolutely guarantee you that the
decline will be far greater than half.

As I first foresaw long ago
(and, in truth, wrote Defensive
Racism to sound the warning), the coming economic debacle will make the
Great Depression look like a church picnic and cause us to start numbering our
economic depressions, just as we now do for widespread warfare.  At the
time, many called me a loon for predicting that Depression II was coming.
Today, the possibility is openly discussed on CNBC, of all places.

In the process, the American
middle class will be eliminated, just as last century in Germany:
"Annuities, pensions, proceeds of insurance policies, savings accounts in the
banks, income from bonds and mortgages - every form of revenue which had been
arranged for at some time in the past, and which often represented the economy,
foresight, and personal planning of many years - now turned to nothing. The
middle class was pauperized and demoralized." ("A History of the Modern
World," Palmer, et al., 9th Ed., 2002)

At about the time of Germany's tipping point, one obscure
German observer noted that, "The government calmly goes on printing these
scraps of paper because, if it stopped, that would be the end of the
government.  Because once the printing presses stopped - and that is the
prerequisite for the stabilization of the mark - the swindle would at once be
brought to light.  Believe me, our misery will increase. The scoundrel will
get by. The reason: because the State itself has become the biggest swindler and
crook.  A robbers' state!?  If the horrified people notice that they
can starve on billions, they must arrive at this conclusion: we will no longer
submit to a State which is built on the swindling idea of the majority.  We
want a dictatorship."  Years later, that obscure observer rose to
international acclaim, even being named Time Magazine's 1938 Man of the Year,
when his foresight was proven true.  His name?  Adolf
Hitler.

Happen to know of anybody who,
in recent years, has remarked repeatedly about America needing a
dictator?

What's the Point of
Having a Police State if You Don't Use It?

Do you think our masters don't
pay attention to history?  Do you think they aren't readying the framework
to restrain the great American masses who can be expected to rise up, just as
did the Germans, nearly a century ago?  If not, then you tell me just what
all this Patriot Act and American police state hooha is for, then.  It is
not to protect you and me.  It is to protect them from you and
me.

How best to prevent having a
truly effective dictator like Hitler rise up on behalf of the common man?
Why - have your own stooge dictator already in place, of course.  How on
earth do you think that somebody as patently stupid as George Bush possibly
could have attained the Presidency?  Bush may think he is the man
and I see a great many Internet commentators openly fearing his canceling the
upcoming election, but I see no danger of that happening.

Only stooges vetted by AIPAC and
the ADL are allowed to vie for the American Presidency.  Therefore, they
can give us regular elections, thereby providing the illusion of democracy,
while all the time maintaining a firm grip on the levers of power.  Bush is
just a place marker stooge, readily interchangeable with Clinton, Obama,
Giuliani, Romney and so many others who already have sold their souls to Israel
for their place at the trough.

How else do you think we so
thoroughly could have tossed out the Republican congressional miscreants during
the last mid-term election, thinking we would get change, only to get a
Democrat-controlled House and Senate that both go against predominant American
stated desires even more than their Republican predecessors?
Obviously, they are responding to someone other than the electorate!

Will there be world war?
Of course.  They must have something to distract us and to blame for our
coming economic misfortune.  When?  Soon.  Very
soon.  Of course, that is just another historical profit opportunity
for the international banking interests who truly own and run America as they
get yet another opportunity to sell and lend to both sides at once, then pick up
the pieces afterward at pennies on the dollar.

The American Tipping
Point

Economic reports of just the
past couple of weeks demonstrate that a critical mass has been attained.  I
believe that America now has reached her economic tipping point and, from the
perspective of history written a hundred years from now, seemingly overnight the
American landscape will be seen to have changed forever.  "But things
look so normal," you may protest.  Yes, but I predict that America in a
year or two will look very different.

There is No
Hope

Do not look to the system for any sort of meaningful change.
Voting is rigged.  Everything is rigged.  Of the current
announced Presidential candidates, only one would effect meaningful
change:  Ron Paul.  I hesitate to endorse the man
because I so like him.

I firmly believe that, if the
current media disinformation campaign fails and Ron Paul actually becomes a
leading contender, they simply will kill him as they have so many before (Huey
Long and Robert Kennedy come to mind).  If elected and he lives through to
his inauguration and refuses to knuckle under, they simply will kill him then,
just as they did JFK.

Make no mistake - Ron Paul would
make a great President, but it simply ain't gonna happen, folks.
But, he says he wants the job, so he's got my vote,
regardless.

Possibilities

There are possibilities,
but none of them are pretty.

Perhaps America will get nuked
into submission by a world tired of being bullied at every turn.  Once
backed by gold, then by oil, the dollar today is backed by America's nuclear
arsenal.  Do what we say and use the dollar to transact international
business or we will bomb you into rubble.  Just ask Iraq.  A
nuclear exchange, finally, will pull America's trump card.

Perhaps a popular revolt will
take hold and make meaningful inroads, despite the militarization of local
police forces.  This latter possibility will require our reaching a
political tipping point, marked by government troops machine gunning citizens
wholesale in the streets.

From our perspective how much longer do we have before we can
expect significant overt change?  If this were being televised, I would
look at my watch to drive home the point.  Maybe weeks.  Maybe
months.  Maybe even a year or two more, but that is pushing it.
Certainly, by 2012 you will not recognize America, if she exists at all by
then.

So there you have it.
We're doomed.  The only question is whether our current masters will
be able to hold on through the coming economic tsunami about to sweep over
America and the rest of the world.  I'm betting they won't.  After
all, we know where they live.

Mark my words well:  one
day we will come for them, drag them out and line them up against a wall - after
a fair trial, of course.

New America.  An idea whose time has come.

My name is Edgar J. Steele.  Thanks for listening.  Please visit my
web site, http://www.conspiracypenpal.com/,
for other messages just like this one.
-ed

Copyright ©2004, 2007, Edgar J. Steele

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