19 June 2012


'THIS' IS HAPPENING NOW
On our Gitagrad blog we just finished a piece where we look into the future to see what might be coming. Of course this is typically done around the beginning of the year, but now that the year is almost half finished maybe we need a course correction. Some, but not much. The prediction is great—for the spiritually inclined—but woeful for those whose entire connection with this reality is the sense gratification that can be garnered. It looks like the party is coming to an end. And just as winter follows summer, dukha (misery) follows sukha (happiness). The duality of modern life cannot be separated. Everyone thinks they can get the happiness and avoid the distress, but that is impossible. That’s like having a coin with one side. Happiness and distress are the two sides of the materialistic coin and one cannot be had without the other. This is why the sages admonish those who chase after material happiness. Actual happiness is spiritual happiness. It comes from within. And one can have that without any distress at all. One simply needs to know how to contact it, which is the function of spiritual sadhana (practice) and cultivation of spiritual knowledge.
Forwarded to me from a friend, the email below (Meltdown Can't Be Stopped!) gives some insight into the conversation going on at some levels of society and what they expect, and it gives some of the whys and wherefores that I generally don’t get into. It seems that everyone is going berserk trying to find a safe haven where the value of their money will be preserved. This is all rather strange since money is only paper and has no intrinsic value. It’s rather curious to watch those who have played that game so long and benefited from it as they try to keep the game going. Look at how they are taking shelter of paper money! Panicking to keep the money that has become the source of sustenance for them from being realized for what it isworthless paper! IT’S ALL A GAME FOLKS! IT’S NO DIFFERENT THAN MONOPOLY. And at the end of the day all the houses, hotels and tokens slide of the board and back into the box and the game is over. And that is exactly what is going on in this game of life just now. The bank wins and the people lose because they have played the bankers game. Maya always wins and the foolish always lose. If you want a different result you must play a different game with different rules. It's that simple!
Their predictions are not too different from that of a derivatives trader I spoke with while in Vijayawada, India last winter who was encouraging me to short the euro. He stated that the fundamentals are all there for the euro to take a big hit, but his timing was off—he expected it to come in April/May. The people below see it in the fall, which is more likely since all of the economic debacles seem to happen in the fall for some strange reason (if it were actually the markets and not manipulation shouldn’t we expect to see something in other parts of the year?). Other sources say that the coming European debacle will spill to the States and crash the dollar as well.
What do I think? Well, such a debacle must come sooner or later, because the entire economic system (the entire culture actually) has descended into the tamo-guna—the mode of ignorance—and since destruction is characteristic of tamo-guna we should not be surprised. We cannot engage in tamo-guna in all areas of life and not expect the result of tamo-guna! If we really want a different reality we need to engage in different behavior. That’s not rocket science, but you might think it is the way people behave. Such a result was also predicted more than 50 years ago by my spiritual master, His Divine Grace A. C. Bhaktivedanta Swami Prabhupada, who wrote that “this civilization will not last much more than fifty years!” Hey! Time’s up!
What do “they” who deliberately led us into this expect to get out of all the mayhem? It’s right there in their motto right on the Great Seal of the United Statesordo ab chao—“order out of chaos.” Since “they” (the people who run this world) are demonic they only know how to do things with destruction. Destruction and killing is a way of life for them. They destroy the established order that they don’t like and want to change, to usher in their new world order. They do this because they cannot sell the entire package politically. I give the details of the process in the fourth and fifth chapters of my book “Spiritual Economics.” Get it from my website.
Actually the whole show is political theater (with lots of audience participation!) that is leading us inexorably towards a New World Order, which translated means a one world government run by an oligarchy for the purpose of total control. This is the attempt of some foolish people to try to become God, just like Hiranyakasipu, and the result is always the same: it is all taken away with inevitable death.

Best bet is to take your money out of all markets, and even use your paper money to purchase something of real value, such as land and cows. You can get an acre of land and a little cottage in Ukraine for as little as $5,000 if you hurry, or a nicer house in other places in E. Europe for $25-30,000. Or build yourself a small cottage wherever you are, stock some grains, milk your cow and ride out the “RESET BUTTON” in relative peace while you chant the Hare Krishna mahamantra. Or join the harinam sankirtan revolution and help save the world by creating a new spiritual world order J

Panic! Acceleration of Financial 
Meltdown Can't Be Stopped / 
From International Banker Friend



May 31, 2012

Steve,

The Iron boot has been firmly planted to the pedal of this runaway tractor trailer that is heading off the cliff. All of the Euro banks including my former associates at the Royal Bank of Scotland (RBS) are all prepped and ready for the Euro collapse. What we in the inside are calling "Spanish Flue" is now running hot with temperatures that are setting ten year yields sky high. What many do not realize is that Bankia's demise has started a breach in all the firewalls and safety measures that are in place in the Eurozone. This had an immediate effect on the Italian markets as you can now see the pandemonium that is there.

We keep hearing reports of massive bank runs that are occurring across many of the PIIGS but is not just limited to them. As I stated many times the UK and France are the most vulnerable to the Eurozone collapse, many of their populace are cashing out of their equities though there is a massive media blackout about this. European contacts report that there is a flight to German bonds, UK and a mass migration to the US dollar. But these currency life preserver jumps will not help as the contagion in all FIAT markets are affected. It is a game of hot potato that the investors are playing, jumping from one asset to the next and again before the one that they just jumped to burns. A juggling act with fire that cannot be quenched. Gold jumped over $40, it is telling us something.

Many banks in the Eurozone are stuffed with US Bonds/TBills as a hedge, this will not work for them for the following reasons:

1- The American TBTFs (Too Big to Fails) are filled to the brim with T-Bills, so are many banks in the Eurozone, the backroom deal was take the bills, bolster your balance sheets, dont sell them and We (Federal Reserve) will help you out. Why do you think the details of a Fed bailout of Eurobanks were never fully divulged? It is because they are being propped up by any means possible including American Treasuries that can not be dumped.

2- They cannot dump them, the main reason is that the Fed is THE # 1 buyer of American Debt. Yes that is correct #1 not #2 we have surpassed the Chinese, since the ChiComs did not show for many of the last bond auctions and are stealth dumping US Debt Obligations. This has caused the balancing act to begin...Fed is Printing, at the same time buying what it prints, thus the banks can't lend causing a solvency crisis the likes of which we have not seen and killing all credit markets like a ELE (Extinction Level Event) This will create a hyper Velocity Parabolic crash.

There is no stopping this...We are still on track as I have been predicting for a while now for a fall/winter collapse of the Eurozone and naked exposure of all derivative markets the world over. Europeans will go through a major reset, after time they will recover as Europeans do not carry the type of personal debt that Americans do. It is for America that I worry. Look for these signs next:

1- JPM will be bailed out again but it will not stop the coming market crash. More details will emerge about their derivative swap failure $150 billion and counting.
2-BOA (BAC Bank of America) will fold and be absorbed into JPM as a way to prop up the bleeding Giant. JPM will get the best picking of this deal just like they got with Bear Stearns.
3- Massive layoffs at Citigroup and Wells Fargo
4- Goldman Sachs finally pays the piper, look for massive cuts there as well as BIG Losses
5- Bond market bust which leads to freeze of all bond sales
6- Derivative bust the next one will be BOA followed by Citigroup
7- All CDS shorts and swaps will freeze.
8- Total Meltdown

Those who are ready begin to implement GOOD (Get Out Of Dodge) Plan. Keep what you need in paper and what you can afford to lose in banks in order to pay day to day expenses/bills. The rest of your investments/retirements should NOW be pulled from the market and moved to safe haven assets like Precious metals, farmland, fire arms and food. Prepare to ride out what we are calling the coming RESET BUTTON.
Godspeed,

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