TFC Sunday 22 August 2010: DBS / Mohammed Rafiq

[Helphand]

TFC Sunday 22 August 2010: DBS / Mohammed Rafiq

http://iamthewitness.com/audio/Muhammad.Rafeeq/TFC.SMITH.RAFEEQ%2022-08-2010.mp3

0:00--10.00
DBS: The implosion is weeks away, 7 banks failed over the weekend.  Expect serious events reporting in September.
MR: repossession/bailiff  fire sales have camouflaged the real rate of inflation. Now 3% inflation rate is admitted in the UK.
Thinks Ellen Brown in her recent TFC interview didn't grasp the inflation issue's magnitude.

10:00--20.00
DBS: 60% of USD globally are owned outside the USA. Printing plus repatriating of USD to USA spells Weimar style inflation.
MR: money printed / quantitative easing money is not included in the calculation of the UK inflation rate being quoted. The importance of the effect of compounding on money value.
DBS: serious price inflation of foodstuffs affecting notably those on fixed incomes, pensions.
MR: rate of inflation now higher than rate of interest on retail deposits.
DBS: the arbitrage play / carry trade enjoyed by the banksters is at the (mainly middle class) savers' expense.
MR: the public now realise that they will lose money if leave it in the bank and have actually been losing over the last 2 years given the calculation errors by Govt. Depositors fleeing sterling.

20:00--30.00
MR: BoE and Fed will need to attract money back by pushing up interest rates.
DBS: huge net decline in Chinese US Treasuries holdings.
MR: Chinese reduced Treasuries holding from 900bn down to 860bn USD. Didn't roll them over in new Treasuries. 12% of US Treasury holding let go in last year.
DBS: Euro gives no scope for regional economies to correct by printing more currency.
MR: interest rates will have to go up to compensate for the hidden loss by inflation but will itself be inflationary.

30:00--40.00
Russian grain harvest poor and no exporting {situation normal}  but may need also to import - wheat futures up by 60%. Canadian wheat harvest suffered from rain. This will domino effect on other grains eg rice.
MR: UK utility bills up 8-10% pa but not included in inflation rate figures.
DBS: people have come off the land from subsistence lifestyle to seek low paid work in cities and will be hit by shortages from the sources of mechanised food production. Hoarding will exacerbate food shortages.
MR: financial hoarding for the carry trade is also extending the prospect of shortages.
DBS: missile and nuclear bomb/missile production sites in the path of fires and reports indicate some engulfed with resultant flames being laced with radiation, US, France, UK, Canada, NZ etc foreign diplomats and foreign missions leaving Moscow en masse in 24hrs. Rumour is nuclear weapons store burnt to the ground.

40:00--50.00
DBS: Chernobyl  (1986) and next year afterwards: a whole generation of French children born without thyroid gland or with serious defects; thyroid disease in France epidemic, maybe 1 in three affect, 1 in 8 or 10 from that generation have none. Sea kelp with high iodine content should be taken - will be absorbed by thyroid so radiation-affected iodine will not be absorbed then dispersed through body. Alternatively get potassium iodate / LUGOLS(?) Iodine. Kept in French fire stations but not available to buy in France (perverse given the 1986 Chernobyl effect??)
MR: eventually the truth will be out but best be prepared and take these thyroid protective measures now! 20mio persons lost homes in Pakistan, Chinese floods etc.

50:00--60.00
DBS: people leaving the USA, Canada no better option, Zio-lockdown, unwelcome in Mexico, gringo go home. Tony Robbins motivational speaker is saying the ride's going to get bumpy - less N.V. Peale "Power of Positive Thinking" positive than usual.... 1/2mio people being added to unemployment figures per week, is this final meltdown?
MR: US Citizens abroad may find themselves not very welcome in foreign parts unlike 30 years ago.
DBS: Clegg in UK papers quoted as saying Iraqi War is illegal so why no one hunting down Tony Blair?? MR wants the job of water boarding him if it comes up...
DBS: House of Commons lent money up to gbp 100ks to MPs to keep them solvent...
MR: people are the awareness stage of "They Live" with the sunglasses on and are beginning to see the subliminals...

60:00--70.00
DBS will be exploring other defence plans; methods to tie up the courts with mass civil disobedience etc.
MR: profit reserve accounts have been utilised by corporations to disguise current time unprofitability but this cannot extend beyond 5 years, maybe less in the US. Murder of Dr David Kelly: calls for enquiry into circumstances of death, allege it wasn't suicide. MR thinks it's party politics about burying Labour Party and maybe Blair/Brown/Mandelson with it. To turn traditional voters away from their political party allegiances so they will vote the coalition in again about a year from now when a vote has to be taken.
Alex Jones said 2 weeks ago and said Israeli land belongs to Israel - so let's go round to his place and reclaim it for aboriginal Americans {that would be Kennewick Man?} American journalism bought off for two decades by Israel - doesn't make headlines...
British TARP more than 1 billion GBP; USA TARP more than 11trillion USD. All the money notwithstanding, everything has got worse.