Fed interest rate cut today - Greenspan and his cohorts are hanging in there but at some point it's all going to go slip sliding away. Not many people know what happened with B of A and LTCM recently but it's all true as described in the talk show below.

Now I know that some people have no time for Don McAlvany but he was recently on the Jeff Rense Sightings show - you owe it to yourself to listen to this guy - he *knows* the manipulations being played out and is fully aware that this is all tied in to Y2K, elections, and the world financial derivatives and fractional reserve mess.

Sometimes on a calm sea a yacht can be knocked over by a "sleeper wave", one that has built up over the length of an ocean and is a combination of several smaller waves peaking at just the wrong time.

The problem is we are not sailing in a calm sea at the moment, and there are a whole bunch of waves appearing on the horizon. Greenspan and Co. know this, and they also know that it is game over when the wave hits.

And it will be a Tsunami.

You need realaudio for this, he comes on after an hour or so.

http://www.broadcast.com/shows/endoftheline/archive.stm

Cheers, Andy

-- Andy (andy_rowland@msn.com), November 17, 1998

Answers

McAlvany November98 Interview - Notes

Great reference. Sightings, Jeff Rense, November 4, 1998

Michael Lindemann: Weekly UFO/ET Update (1 hr.)
Don McAlvany: The Great Stock Market Balloon (1:50 hr.)
http://www.broadcast.com/shows/endoftheline/9811/end1104.ram

Sightings, Jeff Rense
http://www.broadcast.com/shows/endoftheline/archive.stm

This audio track is a good reason to get the realaudio if you don't have it. It would be nice to have a transcript and an offline copy of this track, along with a way to edit out the ads automatically.

The UFO part has good content also.

Good review and perspective by Don McAlvany of how y2k includes a confluence of likely failures in the economic, political, and y2k aspects, the 'rogue wave' as the magnified effect of adding waves that coincide in space and time. This type of super-wave is sometimes found in the ocean as 3 or more waves converge, and he sees the same process in the developing y2k problem. He points out that the y2k bug strikes right during a weak point due to ongoing political and economic problems which are approaching a crisis point.

He mentions the financial meltdown with the $125-150 trillion US dollars of leverage (debt). 15 trillion has already been liquidated. Asian economy (1/3 of the world's economy) already had its meltdown. 75 million Americans put their resources (47% of households) are playing in the stock market. But it will pop like in Japan with its 75% drop over the last 9 years. A rolling meltdown is described going thru the stock market. 2.3 trillion dollars in stock evaporated (out of a total of 11 trillion) over a 60 to 90 day period.

average Nasdaq stock down 52% in 90 days
NYSE is down 39% overall
Mutual funds contracted 45% in 90 days
Merrill Lynch down 67%, laying off 3500 employees
average stock is down 40-70% in the last 90-day period.

With 31 years of experience with Wall Street, he says the big guys have been dumping stock for 6 or 12 months. They are keeping their awareness of the future to themselves. When LTCM hedge fund went down, it had 4.5-5 billion in capital, but had 125 billion leveraged with 1.25 trillion dollars exposure. Huge $150B bailout, with actual cost closer to 200 billion, is the beginning of the end. The impending global meltdown is dictating maximum liquidation exit from investments. Real estate to go down so cut to 25% or less of portfolio, have 20-30% of it in precious metals.

On the political side, McAlvaney thinks the n w o is part of a socialist plan for world government, and the executive twig of u s government, being manipulated by the globalist socialist forces, has sold technology including 70 supercomputers ostensibly for business promotion but actually for weapons development. He says the same faction was behind the o k c hit, which was designed to generate public opinion against the conservative end by having an example to use in blaming the extreme right for such things as hate crimes and intolerance. He mentions the terrorist threat due to the existence of suitcase nukes inside the u s. Also how Russia and China are getting close to an adequate perimeter defense for ballistic and cruise missiles, and the u s is not, paving the way to nuclear blackmail. He says Russia may align with China and force a stand down, then move in.

Caller recommends Caspar Weinberger's book "The Next War" that includes a nuclear blackmail scenario where u s is forced to stand down the military on threat of missile launch.

Also mentioned is the airline pilot saying he didn't know any pilot who would fly on the big day. KLM was cited as being unique in stating that they would be affected by y2k and would limit their operations. The Dutch have been known for their honesty.

-- Jon (jonmiles@pacbell.net), November 18, 1998.

Have you read a book called "The Warning" by T. Davis Bunn. It's about a prophet chosen by God to warn all followers about the current impending stock market crash. While it does'nt mention Y2k, the scenario for the melt-down is all too real.

-- tina (tlfrazier@ipass.net), November 19, 1998.

Is anybody able to provide more info on the bailout of Bank of America besides the URL's posted above ?? Is it documented somewhere that will back up what the above URL's allegations.

Thanks, in advance, for any responses Andrew

-- Andrew (quietly listening@interested.net), November 21, 1998.

Here's another URL on the Bank of America rumor.

http://www.wallstreetcity.com/commentary/commentary_full_story.asp?Com mentaryID=872

-- Kevin (mixesmusic@worldnet.att.net), November 21, 1998.