Best of the Week
Most Popular
1.U.S. Housing Bull Market Over? House Prices Trend Forecast Current State - Nadeem_Walayat
2.The Coming U.S. Economic Collapse Will Trigger a Revolution - Harry_Dent
3. Stock Market Crash a Historical Pattern? - Wim_Grommen
4.Global Panic - U.S. Federal Government Stockpiling Ammo – Here’s What We’re Going to Do - Shah Gilani
5.AI, Robotics, and the Future of Jobs - Aaron Smith
6.This is Your Economic Recovery With and Without Drugs - James_Quinn
7.Gold and Silver Price Getting Set To Explode Higher - Austin_Galt
8.The Something for Nothing Society - Lifecycle of Bureaucracy - Ty_Andros
9.Another Interesting Stock Market Juncture - Tony_Caldaro
10.Inflation vs the Deflationary Straw Man - Gary_Tanashian
Last 5 days
How You Can Play to Win When Market Makers Are Calling the Shots - 28th Aug 14
EU Gas Supply Is In Real And Imminent Danger - 28th Aug 14
Central Banks at the Root of Evil - 28th Aug 14
European Bond Market: Bubble of all Bubbles! - 28th Aug 14
Employers Aren’t Just Whining: The “Skills Gap” Is Real - 28th Aug 14
The ISIS Menace - Just What We Need, Another War - 27th Aug 14
The Risky Business of Methane-Rich “Fire Ice” - 27th Aug 14
CFR Recommends Policy Shift that is Very Bullish for Gold - 27th Aug 14
Ukraine Standoff Signals Global Power Shift - 27th Aug 14
Stock Market Panic Decline Begins - 27th Aug 14
The Monopoly of the Government Education Cartel - 27th Aug 14
How to Invest in Silver Today for Double-Digit Gains - 27th Aug 14
The Big Solar Energy Breakthrough We've Been Waiting For - 27th Aug 14
U.S. Empire’s Bumpy Ride - 27th Aug 14
Gold Market and the Interest Rate Trap - 27th Aug 14
Stock Market Staring Into the Great Abyss - 27th Aug 14
A Look at the Coming 30-year Inflation Cycle - 27th Aug 14
Forex Trading - Will USD/CHF Rally Above 0.9200? - 27th Aug 14
Europe’s Depressing Economy Dog Days of Summer - 27th Aug 14
How The Coming Silver Price Bubble Will Develop - 26th Aug 14
A Nation of Shopkeepers - Supply-Side (Voodoo) Economics? - 26th Aug 14
Stock Market Bear Tracks Abound In Wall Street - 26th Aug 14
65,000 U.S. Marines Hold up a Mirror to the Economy - 26th Aug 14
Bitcoin Market Provides Clues for Investors - 26th Aug 14
The Key to Trading Success - 26th Aug 14
Will The US Succeed in Breaking Russia to Maintain Dollar Hegemony?... - 26th Aug 14
Even Mainstream Academia Worried about Massive Bubbles in Markets - 26th Aug 14
Iraq and Syria Follow Lebanon's Precedent - 26th Aug 14
Colonization by Bankruptcy: The High-stakes Chess Match for Argentina - 26th Aug 14
Dow Stock Index On The Cusp - 26th Aug 14
Prohibition Laws and Agency Regulations - 26th Aug 14
Will Canadian Regulators be Able to Avoid Final Fatal TSX Venture Exchange (TSX-V) Crash? - 25th Aug 14
HUI Gold Mining Stocks Elliott Wave Projection - 25th Aug 14
Stock Market Uncertainty Resolved With New High - 25th Aug 14
Go Forth Multiply And Replenish The Earth - 25th Aug 14
Dollar Dumping: When Actions Speak Loudest - 25th Aug 14
A Plethora of Currency, Stocks and Precious Metals Chartology - 25th Aug 14
Why Isn’t Fed Monetary Pumping Helping the U.S. Economy? - 25th Aug 14
Myths About Money and Inflation - 25th Aug 14
The Fed Will Raise U.S. Interest Rates in March 2015 - 25th Aug 14
Gold Price Manipulation Still Alive - 25th Aug 14
The Ebola Outbreak: U.S. Sponsored Bioterror? - 24th Aug 14
Instigating War in Europe - Understanding Ukraine in 15 Minutes - 24th Aug 14
LNG Catalysts About to Hand You the investment Opportunity of the Decade - 24th Aug 14
Another Interesting Stock Market Juncture - 24th Aug 14
The West Set Up the ISIS Endgame - 24th Aug 14
Gold And Silver Low Prices Are NOT The Reason To Own Precious Metals - 24th Aug 14
U.S. Housing Bull Market Over? House Prices Trend Forecast Current State - 23rd Aug 14
Inflation vs the Deflationary Straw Man - 23rd Aug 14
U.S. Interest Rate Rise to Occur Mid-2015 According to Fed's Williams - 23rd Aug 14
Bitcoin Price Continuation of a Move up - 23rd Aug 14
Gold and Crude Oil Price on the Verge of Something Big - Hero's Rarely Win - 23rd Aug 14
Oxaloacetate Feeds and GROWS Brain Cells - Alzheimers Cure? - 23rd Aug 14
Gold Rising Interest Rate Fallacy - 22nd Aug 14
Jackson Hole: Myth of the All Powerful Central Banker Continues - 22nd Aug 14
Partying On In The Terror State - Thank God for Nuclear Weapons - 22nd Aug 14
The Something for Nothing Society - Lifecycle of Bureaucracy - 22nd Aug 14
Hitting The ISIS Panic Button In The Middle East - 22nd Aug 14
US Stock Indices 10-Year Consolidation Patterns ... Upside Breakouts? - 22nd Aug 14
Gold and Silver Price Getting Set To Explode Higher - 22nd Aug 14
Deflation's Final Curtain Call - Part II - 22nd Aug 14 - Clif_Droke
Gold Big Picture: Most Important - 22nd Aug 14
How the “Uncertainty Factor” Drives Crude Oil Prices - 22nd Aug 14
Inflation, Interest Rates, and Why You Should Own Gold - 22nd Aug 14
U.S. Interest Rates Can Rise States Fed President - 22nd Aug 14

Free Instant Analysis

Free Instant Technical Analysis


Market Oracle FREE Newsletter

The Biggest lie in Stock Market History Revealed

The Economic Terror of 9/11 and What Really Happened

Politics / US Politics Sep 11, 2011 - 02:54 PM GMT

By: Jeff_Berwick

Politics

Best Financial Markets Analysis ArticleLast month we marked the 40th anniversary of the Federal Reserve Note being a completely unbacked fiat currency. This month marks another major event in the demise of the US dollar, September the 11th.

While we've been on a one way road to monetary ruin since at least 1913 the response to the events of September 11, 2001 have greatly accelerated the process.


On September 11, 2001, the total US Federal Government debt was $5,773,172,068,291.89 ($5.77 trillion). Today, on September 11, 2011, the total debt is $14,685,550,385,913.19 ($14.68 trillion). A 154% increase in total treasury debt in only the span of a decade.

If you believe in the Keynesian economics fallacy that government debt, disasters and destruction are good for the economy, September 11th came at a good time. The Dow Jones Industrial had been falling dramatically from its peak on January 14, 2000 of 11,722.98 to 9,605.51 on September 10th - down 2,117 from the 2000 high.

The NYSE re-opened on September 17th, 2001, and closed down 684.41 to 8920.70.

The events of September 11th included the destruction or loss of four aircraft ($385 million) and three buildings (WTC 1, 2 and 7) ($4.5 billion) - and damage to a government building - the Pentagon ($1 billion). Clearly there were other costs but these are the main damage costs. A total of about $6 billion (at today's current deficit levels, this $6 billion is borrowed by the US Government every two days).

In response, the US Government attacked Afghanistan (a country that asked that the US show proof of Osama bin Ladens involvement before handing him over) and then attacked Iraq (a country with no involvement in 9/11). According to costsofwar.org, the total spending on those occupations have now reached $2.3 to $2.7 trillion.

On March 16, 2003, a week before the US attack on Iraq, Dick Cheney appeared on Meet the Press and stated, "every analysis said this war itself would cost about $80 billion."

Donald Rumsfeld also stated, before the attack, that "it could last six days, six weeks. I doubt six months."

The Iraq occupation has now gone on for 3,085 days. 514 times longer than Rumsfeld's short-term forcast, 73 times longer than his mid-term and 17 times longer than his longest prediction.

Pretty close for government work, as they say.

"...over 25 million Iraqis now live in freedom." - George W. Bush

The human costs are similar. 2,996 people died from the attacks on 9/11. Subsequently, in the Iraq and Afghanistan wars, 919,967 people - none of whom had any connection to the events of 9/11 - have been killed, according to the calculations at Unknown News. That is 307 times more than were killed on 9/11. The deaths continue to this day.

By 2008, much as prefaced the 1971 default due to the massive costs for the Vietnam War - the cumulative government expenditures in the Iraq and Afghanistan occupations and post 9/11 government expenditures finally threatened the entire financial system.

Unlike in 1933 and again in 1971, the US government default is not so clearly evident. Indeed, this time there was no shame. The world applauded the government's choice to heavily inflate and bailout hundreds of banks around the globe to avert The End Of The Monetary System As We Know It (TEOTMSAWKI).

Since then the Federal Reserve has had to monetize US Government Treasuries on two separate occassions and continues to do so to this day to forestall TEOTMSAWKI.

Yet, bending the boundaries of belief, the US has since attacked another country, Libya. Again, for no explicable reason. Here is Barack Obama giving his estimate of the length of time they will be engaged in Libya on May 18, 2011.

If you can't bear to watch, he stated, "We anticipate this transition to take place in a matter of days, and not a matter of weeks."

That was 167 days or 23 weeks ago.

WHAT REALLY HAPPENED ON 9/11

The economic and political (freedom) costs of 9/11 are stark for everyone to see. Yet still, to this day, what really happened on that day remains mostly a mystery.

The official explanation from the US Government and parroted by mainstream media is so unlikely that it is the biggest conspiracy theory of them all. If you have always accepted the official story and never done your own research into what happened that day then I implore you to take some time to do so. Some say, "I don't want to know what really happened," fearing what they might discover.

To that I quote Ayn Rand who stated, "One can ignore reality, but one cannot ignore the consequences of ignoring reality".

If you are more scientifically minded and need to hear thousands of scientists and engineers who say that the official story is impossible, then check out this video from Architects and Engineers for 9/11 Truth called "Solving the Mystery of World Trade Center 7".


Architects & Engineers - Solving the Mystery of WTC 7 - AE911Truth.org

That will start you down the rabbit hole.

Or, for those who prefer to watch a documentary style production, still one of the best documentaries on what really happened that day is the documentary, Loose Change.


Loose Change Final Cut

Failure to understand what really happened that day will cause you to remain blinded to the ongoing lockdown of the US and, by extension, most of the western world. 9/11 was the start of a war but it was not the "war on terror", it was the war against the American people and their liberties by its own government.

The truth can be scary. But it will set you free.

Subscribe to TDV today (90 day moneyback guarantee) to access our Special Report on How to Own Gold as well as get complete access to our newsletter and portfolio selections.

The Dollar Vigilante is a free-market financial newsletter focused on covering all aspects of the ongoing financial collapse. The newsletter has news, information and analysis on investments for safety and for profit during the collapse including investments in gold, silver, energy and agriculture commodities and publicly traded stocks. As well, the newsletter covers other aspects including expatriation, both financially and physically and news and info on health, safety and other ways to survive the coming collapse of the US Dollar safely and comfortably. The Dollar Vigilante offers a free newsletter at DollarVigilante.com.

© 2011 Copyright Jeff Berwick - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2014 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Free Report - Financial Markets 2014