Appenix 112: Maurice Strong, the Father of America’s Destruction (Salbato, 2009)
New World Order
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July 9, 2024Part VI: Mind Control: History and Applications
March 12, 2024Gray State (film)
February 19, 2024Appendix 1: Crestone/Baca “Group Dynamics” (2006-2008)
February 9, 2024Appendix 243: DARPA’s Brain Initiative videos
December 7, 2023Appendix 25: Noahide Law: Merry Christmas, and OFF WITH YOUR HEAD!
November 12, 2023The Intra-Body Nano-Network Compilation (Sept. 5, 2023 video)
October 27, 2023Appendix 36: Is Colorado the Future Capital of the New World Order?
September 24, 2023Appendix 42. Psychological Operations Blueprint (by Omnisense)
August 23, 2023Appendix 63: NASA’s Project Blue Beam by Serge Monast- 1994
April 21, 2023Appendix 66: The Zionist Jew World Order
April 20, 2023Cognitive Warfare June-November, 2020 Francois du Cluzel
March 16, 2023Appendix 103: Gangstalking/Cyber Torture in Flow Chart Diagrams
November 30, 2022Timeline of United States Military Operations
December 25, 2020New World Order: UN Agenda 21/2030 Mission Goals
December 19, 2020The Jewish Conspiracy is British Imperialism (Henry Makow, Ph.D.)
November 27, 2020(Choose) Freedom In Christ
October 18, 2020Digital Twins, Digital Immortality, and Targeted Individuals
September 19, 2020Are Lawyers Patenting TI’s DNA?
March 30, 2020Some Appropriate Graphics For Covid 19(84) & 5G N(J)ew World Order
February 28, 2020Who Are “They?”… Their Statements Say…. Starts with J….
November 18, 2018USA Freedom Act (2015 Update of USA PATRIOT ACT)
November 9, 2018You Are The Enemy (by Preston James of Veterans Today, 2014)
September 25, 2018Appendix 214: Gray State (Movie)
June 4, 2018The Unified Conspiracy Theory
May 19, 2018Terrorism and War (Dr. E. Karlstrom Lecture Notes, ca. 2000)
March 17, 2018Post-WWII U.S. undeclared and/or secret wars and “war triggers”
January 20, 2018Truth In Quotes and Images: Freedom Fighters Help Yourselves
January 5, 2018Trump’s ‘Jew-nited States of Israel’ (Icke Commentary)
January 5, 2018Chabadniks and Zionists are 9/11 “perpetraitors”
November 26, 2017Dr. Eric Karlstrom: Global Warming (Hoax) is Politics Not Science
November 7, 2017(Jewish) Protocols Explain Almost Everything: Author Hugh Akins Explains
September 27, 2017USAF Squadrons & Satellite Weapons
June 19, 2017Trump is Puppet of Zionist Jews (youtube)
December 6, 2016Synonyms and Fronts for the NWO
February 19, 2016Total Individual Control Technology (by Omnisense)
February 17, 2016The United Nations and Planned World Government (from De Ruiter, 2015)
February 15, 2016Techniques and Strategies of the New World Order
January 23, 2016The Illuminati, Skull and Bones & “The Plan”
January 11, 2016YOU are THE ENEMY by Preston James, Ph.D. (Veterans Today, 2014)
November 27, 2015Secret Records Revealed Highlights
November 25, 2015Appendix 5: Maurice Strong: Godfather of Crestone/Baca
January 24, 2015Introduction to Terrorism: Theirs and Ours
January 21, 2015Post-WWII American War Crimes
January 21, 2015“The Zionist/Jewish-Controlled Media is Public Enemy Number One”
January 21, 2015Oil politics 101
February 28, 2014Merry Christmas, and OFF WITH YOUR HEAD!
February 28, 2014Eco-Politics and Economics
February 28, 2014Alan Watt, Researcher
February 28, 2014Charlotte Iserbyt, Author
February 27, 2014John Taylor Gatto, Author
February 26, 2014Scientific evidence exposes chemtrail spraying as crime against humanity
February 25, 2014Social Engineering 101: Silent Weapons for Quiet Wars (Against Humanity)
February 25, 2014Dr. Steve Filling
February 25, 2014Jewish “global lies” are collapsing (National Journal, 2011)
February 24, 2014Organized Gang Stalking Quotes
February 23, 2014Maurice Strong, the Father of America’s Destruction
Richard Salbato 12-29-09
Maurice Strong, the Father of America’s Destruction
Rothschild, Rockefeller, Maurice Strong, Al Gore, Goldman Sachs, Mayor Daley, William Ayers, Saul Alinsky, Saudi Arabia, China and the United Nations equals Barak Obama.
When we look at what has happened to the American dream, the American Constitution, the American economy in the past 12 months, it seems that there is a deliberate plan to completely destroy the entire American way of life and even the country as we know it.
When you look at the national debt, the bail outs of the banks, the fake stimulus bill, the health care bill, the coming cap and trade, the loss of jobs at the same time government workers have increased wages by 100% and more, and the exposed lies about Global Warming and Obama’s birth and mother, we can only conclude it is a master plan to destroy America.
But I have had a problem finding out who is behind all these obvious changes, which are against the will of the people. In order to trace “why” and “father” of these problems, I have had to go back 50 years and found the organization and man behind all this and the front man behind Barak Obama.
His name is Maurice Strong, born in Canada, lived in New York, and now exiled in China, but still the power behind Obama and the liberal House and Senate of America. To start to understand this man and his influence read his statement below to a group of reporters.
“In order to save the planet, the group [GIM] decides: Isn’t the only hope for the planet that the industrialized civilizations collapse? Isn’t it our responsibility to bring this about? This group of world leaders [GIM] forms a secret society to bring about an economic collapse.”
Maurice Strong – regarding Generation Investment Management LLP
George Soros and his Canadian sidekick, Kyoto architect Maurice Strong, are the brains behind the likes of Al Gore, Mikhail Gorbachev and Barak Obama, all who belong to the above and the “Chicago Climate Exchange” which will make billions on climate change.
Barrack Hussein Obama is the one out in front talking about “Change we can believe in”, but the senator from Illinois is only the latest puppet.
We already know from the Internet that Soros has gone a long way to bankroll Obama’s campaign, but not so well known is that Soros worked in conjunction with Maurice Strong to saturate the American automobile market with the China-produced Chery.
“Like the bad guys in a spy movie, Soros and Strong teamed up on the Chery, a sort of poor man’s made-in-China vehicle, with which they hope to flood the U.S. market next year.”
Strong has been saying all along that China would someday soon replace the U.S. as world economic leader.
Described in countless media write-ups as a cross between the Wizard of Oz and Dr. No, the Canadian oil billionaire was the Secretary General of the 1992 UN Conference on the environment and Development in Rio de Janeiro where the unveiling of Agenda 21 took place and subtly began to change the world as the rest of us know it.
“With little media monitoring, Strong and Gore are cashing in on the lucrative cottage industry known as man-made global warming.” “Strong is on the board of directors of the Chicago Climate Exchange, described as “the world’s first and North America’s only legally binding greenhouse gas emission registry reduction system for emission sources and offset projects in North America and Brazil.
“Gore buys his carbon off-sets from himself—the Generation Investment Management LLP, “an independent, private, owner-managed partnership established in 2004 with offices in London and Washington, D.C.”, of which he is both chairman and founding partner.”
“In order to save the planet, the group [GIM] decides: Isn’t the only hope for the planet that the industrialized civilizations collapse? Isn’t it our responsibility to bring this about?”
“This group of world leaders [GIM] forms a secret society to bring about an economic collapse,” Strong told the reporter in painting his so-called fantasy scenario.
“It’s February. They’re all at Davos. These aren’t terrorists. They’re world leaders. They have positioned themselves in the world’s commodities and stock markets. They’ve engineered, using their access to stock markets and computers and gold supplies, a panic. Then, they prevent the world’s stock markets from closing. They jam the gears. They hire mercenaries who hold the rest of the world leaders at Davos as hostage. The markets can’t close…
Two weeks ago, financial analyst Jim Rogers said the bailout of Fannie Mae and Freddie Mac made America more communist than China! “This is welfare for the rich,” he said. “This is socialism for the rich. It’s bailing out the financiers, the banks, the Wall Streeters… Even ex-president Putin, just today, said as Russia rid itself of Marxism, America is embracing it.
The world’s second richest man, worth some $44 billion, gave 85% of his wealth in July of 2006 to the Bill and Melinda Gates Foundation.
The lion’s share of the Gates foundation goes into United Nations sanctioned projects. Make that the fomenting for One World Government anti-American United Nations.
As Henry Ford once said:
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. The one aim of these financiers is world control by the creation of inextinguishable debt.”
Welcome to One World Government. Not only has it slipped in through the back door, it is right here about to keep you awake at night.
Obama, Maurice Strong, Al Gore, Chicago Climate Exchange
Judi McLeod Canadian Free Press
“While on the board of a Chicago-based charity, Barack Obama helped fund a carbon trading exchange that will likely play a critical role in the cap-and-trade carbon reduction program he is now trying to push through Congress as president.”
The charity was the Joyce Foundation on whose board of directors Obama served and which gave nearly $1.1 million in two separate grants that were “instrumental in developing and launching the privately-owned Chicago Climate Exchange, which now calls itself “North America’s only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide.”
The “privately-owned” Chicago Climate Exchange is heavily influenced by Obama cohorts Al Gore and Maurice Strong.
For years now Strong and Gore have been cashing in on that lucrative cottage industry known as man-made global warming.
Strong is on the board of directors of the Chicago Climate Exchange. Gore, self-proclaimed Patron Saint of the Environment, buys his carbon off-sets from himself–the Generation Investment Management LLP, “an independent, private, owner-managed partnership established in 2004 with offices in London and Washington, D.C., of which he is both chairman and founding partner. The Generation Investment Management business has considerable influence over the major carbon credit trading firms that currently exist, including the Chicago Climate Exchange.
Strong, the silent partner, is a man whose name often draws a blank on the Washington cocktail circuit. Even though a former Secretary General of the 1992 United Nations Conference on Environment and Development (the much hyped Rio Earth Summit) and Under-Secretary General of the United Nations in the days of an Oil-for-Food beleaguered Kofi Annan, the Canadian born Strong is little known in the United States. That’s because he spends most of his time in China where he has been working to make the communist country the world’s next superpower. The nondescript Strong, nonetheless is the big cheese in the underworld of climate change and is one of the main architects of the failing Kyoto Protocol.
Full credit for the expose on the business partnership of Strong and Gore in the cap-and-trade reduction scheme should go to the investigative acumen of the Executive Intelligence Review (EIR).
Molten Metal Technology Inc.
The tawdry tale of the top two global warming gurus in the business world goes all the way back to Earth Day, April 17, 1995 when the future author of “An Inconvenient Truth” travelled to Fall River, Massachusetts, to deliver a green sermon at the headquarters of Molten Metal Technology Inc. (MMTI). MMTI was a firm that proclaimed to have invented a process for recycling metals from waste. Gore praised the Molten Metal firm as a pioneer in the kind of innovative technology that can save the environment, and make money for investors at the same time.
“Gore left a few facts out of his speech that day,” wrote EIR. “First, the firm was run by Strong and a group of Gore intimates, including Peter Knight, the firm’s registered lobbyist, and Gore’s former top Senate aide.”
“Second, the company had received more than $25 million in U.S. Department of Energy (DOE) research and development grants, but had failed to prove that the technology worked on a commercial scale. The company would go on to receive another $8 million in federal taxpayers’ cash, at that point, its only source of revenue.
“With Al Gore’s Earth Day as a Wall Street calling card, Molten Metal’s stock value soared to $35 a share, a range it maintained through October 1996. But along the way, DOE scientists had balked at further funding. When in March 1996, corporate officers concluded that the federal cash cow was about to run dry, they took action: Between that date and October 1996, seven corporate officers–including Maurice Strong–sold off $15.3 million in personal shares in the company, at top market value, $35. On Oct. 20, 1996–a Sunday–the company issued a press release, announcing for the first time, that DOE funding would be vastly scaled back, and reported the bad news on a conference call with stockbrokers.
“On Monday, the stock plunged by 49%, soon landing at $5 a share. By early 1997, furious stockholders had filed a class action suit against the company and its directors. Ironically, one of the class action lawyers had tangled with Maurice Strong in another insider trading case, involving a Swiss company called AZL Resources, chaired by Strong, who was also a lead shareholder. The AZL case closely mirrored Molten Metal, and in the end, Strong and the other AZL partners agreed to pay $5 million to dodge a jury verdict, when eyewitness evidence surfaced of Strong’s role in scamming the value of the company stock up into the stratosphere, before selling it off.
In 1997, Strong went on to accept from Tongsun Park, who was found guilty of illegally acting as an Iraqi agent, $1 million from Saddam Hussein, which was invested in Cordex Petroleum Inc., a company he owned with his son, Fred.
These are the leaders in the Man-made Global Warming Movement, who three years later were to be funding the man who was to become President of the United States of America.
If we follow the time line on where Obama was during the funding of the Chicago Climate Exchange, he was still a professor at the University of Chicago Law School teaching constitutional law, with his law license becoming inactive a year later in 2002.
It may be interesting to note that the Chicago Climate Exchange in spite of its hype, is a veritable rat’s nest of cronyism. The largest shareholder in the Exchange is Goldman Sachs. Chicago Mayor Richard M. Daley is its honorary chairman, The Joyce Foundation, which funded the Exchange also funded money for John Ayers’ Chicago School Initiatives. John is the brother of William Ayers.
What a flap when it was discovered that the senator from Chicago had nursed on Saul Alinsky’s milk, had his political career launched at a coffee party held by domestic terrorist Bill Ayers, and sat for 20 years, uncomplaining in front of the “God-dam-America pulpit of resentment-challenged Jeremiah Wright.
Folk were naturally outraged that the empty suit who would go on to become TOTUS was spawned from such anti-American activism.
But the media should have been hollering, “Stop Thief!” instead.
The same Chicago Climate Exchange promoting public rip-off was funded by Obama before he was POTUS.
Even as man-made global warming is being exposed as a money-generating hoax, Obama is working feverishly to push the controversial cap-and-trade carbon reduction scheme through Congress.
Obama was never the character he created for himself in the fairy-tale version in “Dreams of My Father”. He’s the agent of Change and Hope for cohorts making money down at the Chicago Climate Exchange.
The Barbarians are pushing at the gate of the Global Warming fraud, and to borrow a line from children playing Hide and Seek, Here they come, ready or not!
Posted in Global Warming Scam. Tags: al gore, barack obama, cap and trade, climate change, global warming, maurice strong, news, obama. 44 Comments »
History of Maurice Strong
Maurice F. Strong, born April 29, 1929, was a Canadian businessman. He is a Canadian expatriate, entrepreneur, environmentalist, and one of the world’s leading proponents of the United Nations’s involvement in world affairs.
Strong had his start as a petroleum entrepreneur and became president of Power Corporation until 1966. In the early 1970s he was Secretary-General of the United Nations Conference on the Human Environment and then became the first Executive Director of the United Nations Environment Programme. He returned to Canada to become Chief Executive Officer of Petro-Canada from 1976 to 1978. He headed Ontario Hydro, one of North Americas largest power utilities, was national President and Chairman of the Extension Committee of the World Alliance of YMCAs, and headed American Water Development Incorporated. Molten Metals Technology[1] and Cordex Petroleum[2] were two failed business ventures that went bankrupt and dissolved.
Today Strong lives in the People’s Republic of China, and is President of the Council of the United Nations’s University for Peace. UPEACE is the only university in the UN system able to grant degrees at the masters and doctoral. He is an active honorary professor at Peking University and Honorary Chairman of its Environmental Foundation. He is Chairman of the Advisory Board for the Institute for Research on Security and Sustainability for Northeast Asia.
Maurice Strong had his start in business as a specialist in oil and mineral resources for a leading brokerage firm, James Richardson & Sons. Moving to Calgary, Alberta, he became assistant to one of the most colorful and dramatically successful leaders of the oil industry, J.P. Gallagher. At Gallagher’s Dome Petroleum, Strong occupied several key roles including Vice President of Finance.
In the 1950s he took over a small natural gas company, Ajax Petroleums, and built it into what became one of the leading companies in the industry, Norcen Resources. This attracted the attention of one of Canada’s principal investment corporations with extensive interests in the energy and utility businesses, Power Corporation of Canada. It appointed him initially as its Executive Vice President and then President from 1961 until 1966.
In 1976, at the request of Prime Minister Pierre Trudeau, Strong returned to Canada to head the newly created national oil company, Petro-Canada[3]. He then became Chairman of the Canada Development Investment Corporation, the holding company for some of Canada’s principal government-owned corporations.
American Water Development
As Chairman of AZL Resources Incorporated and American Water Development Incorporated, Strong instituted a program to pump underground water and send it to the suburban Denver, Colorado Springs, and Pueblo. Townspeople of nearby Crestone, Colorado created a grass-roots movement against the business project. The project was opposed by the Colorado Division of Wildlife and National Park Service, both claiming it would cause significant environmental damages to nearby wetland and sand dune ecosystems. After a lengthy trial, Colorado courts ruled against AWDI and required payment of the objectors’ legal fees, $3.1 million.[4] Afterwards, Strong was quoted as saying, “My interest in the water went beyond it being a good business. I saw development of the water as an exceptional opportunity to apply my sustainable-development principles on a real-life scale.”[5]
Strong first met with a leading UN official in 1947 who arranged for him to have a temporary low-level appointment, to serve as a junior security officer at the UN headquarters in
In 1971, Strong commissioned a report on the state of the planet, entitled “Only One Earth: The Care and Maintenance of a Small Planet” [6] and co-authord by Barbara Ward and Rene Dubos. The report summarized the findings of 152 leading experts from 58 countries in preparation for the first UN meeting on the environment, held in Stockholm in 1972. This was the world’s first “state of the environment” report.
The Stockholm Conference established the environment as part of an international development agenda. It led to the UN General Assembly in December 1972 of the United Nations Environment Programme (UNEP), with headquarters in Nairobi, Kenya, and the election of Strong to head it. UNEP was the first UN agency to be headquartered in the third world.[7] As head of UNEP, Strong convened the first international expert group meeting on climate change.[8]
Maurice Strong was one of the commissioners of the World Commission on Environment and Development, set up as an independent body by the United Nations in 1983.
His role in leading the UN’s famine relief program in Africa was the first in a series of UN advisory assignments, including reform and his appointment as Secretary-General of the UN Conference on Environment and Development—best known as the Earth Summit.[9][10]
After the Earth Summit, Strong continued to take a leading role in implementing the results of agreements at the Earth Summit through establishment of the Earth Council, the Earth Charter movement, his Chairmanship of the World Resources Institute, Membership on the Board of the International Institute for Sustainable Development, the Stockholm Environment Institute, The Africa-America Institute, the Institute of Ecology in Indonesia, the Beijer Institute of the Royal Swedish Academy of Sciences, and others. Strong was a longtime Foundation Director of the World Economic Forum, a Senior Advisor to the President of the World Bank, a Member of the International Advisory of Toyota Motor Corporation, the Advisory Council for the Center for International Development of Harvard University, the World Business Council for Sustainable Development, the World Conservation Union (IUCN), the World Wildlife Fund, Resources for the Future, and the Eisenhower Fellowships. His public service activities were carried out on a pro bono basis made possible by his business activities, which included Chairman of the International Advisory Group of CH2M Hill, Strovest Holdings Inc., Technology Development Inc., Zenon Environmental Inc., and most recently, Cosmos International, and the China Carbon Corporation.
Strong lobbied to change NGO perspectives on World Bank.[11]
In 1999, at the request of then UN Secretary-General, Javier Pérez de Cuéllar, he took on the task of trying to restore the viability of the University for Peace, headquartered in Costa Rica, established under authorization of the UN General Assembly.[12] The UN’s reputation was at risk as the organization had been subjected to severe mismanagement, misappropriation of funds and inoperative governance. As Chairman of its governing body, the Council, and initially as Rector, Strong led the process of revitalizing the University for Peace and helped to rebuild its programs and leadership. He retired from the Council in the spring of 2007.
From 2003 and 2005, Strong served as the personal envoy UN Secretary-General Kofi Annan to lead support for the international response to the humanitarian and development needs of the Democratic People’s Republic of Korea.[13]
[edit] 2005 Oil-for-Food scandal and hiring practice criticisms
In 2005, during investigations into the U.N.’s Oil-for-Food Programme, evidence procured by federal investigators and the U.N.-authorized inquiry of Paul Volcker showed that in 1997, while working for Annan, Strong had endorsed a check for $988,885, made out to “Mr. M. Strong,” issued by a Jordanian bank. It was reported that the check was hand-delivered to Mr. Strong by a South Korean businessman, Tongsun Park, who in 2006 was convicted in New York federal court of conspiring to bribe U.N. officials to rig Oil-for-Food in favor of Saddam Hussein. During the inquiry, Strong stepped down from his U.N. post, stating that he would “sideline himself until the cloud was removed”. Since then Strong has not returned to his native Canada, and now lives in Beijing.[14]
Strong was the UN’s envoy to North Korea until July 2005. According to Associated Press his contract was not renewed “amid questions about his connection to a suspect in the UN oil-for-food scandal”, Tongsun Park, as well as due to criticism that he gave his step-daughter a job at the UN contrary to UN staff regulations against hiring immediate family.[15]
Maurice Strong has received a number of honors, awards and medals. He has received 53 honorary doctorate degrees and honorary visiting professorships at 7 universities.
We are not going bankrupt, we are already bankrupt
Do you believe everything the government tells you? Economist and statistician John Williams sure doesn’t. Williams, who has consulted for individuals and Fortune 500 companies, now uncovers the truth behind the U.S. government’s economic numbers on his Web site at ShadowStats.com. Williams says, over the last several decades, the feds have been infusing their data with optimistic biases to make the economy seem far rosier than it really is. His site reruns the numbers using the original methodology. What he found was not good.
Maymin: So we are technically bankrupt?
Williams: Yes, and when countries are in that state, what they usually do is rev up the printing presses and print the money they need to meet their obligations. And that creates inflation, hyperinflation, and makes the currency worthless.
Obama says America will go bankrupt if Congress doesn’t pass the health care bill.
Well, it’s going to go bankrupt if they do pass the health care bill, too, but at least he’s thinking about it. He talks about it publicly, which is one thing prior administrations refused to do. Give him credit for that. But what he’s setting up with this health care system will just accelerate the process.
Where are we right now?
In terms of the GDP, we are about halfway to depression level. If you look at retail sales, industrial production, we are already well into depressionary. If you look at things such as the housing industry, the new orders for durable goods we are in Great Depression territory. If we have hyperinflation, which I see coming not too far down the road, that would be so disruptive to our system that it would result in the cessation of many levels of normal economic commerce, and that would throw us into a great depression, and one worse than was seen in the 1930s.
What kind of hyperinflation are we talking about?
I am talking something like you saw with the Weimar Republic of the 1930s. There the currency became worthless enough that people used it actually as toilet paper or wallpaper. You could go to a fine restaurant and have an expensive dinner and order an expensive bottle of wine. The next morning that empty bottle of wine is worth more as scrap glass than it had been the night before filled with expensive wine.
We just saw an extreme example in Zimbabwe. … Probably the most extreme hyperinflation that anyone has ever seen. At the same time, you still had a functioning, albeit troubled, Zimbabwe economy. How could that be? They had a workable backup system of a black market in U.S. dollars. We don’t have a backup system of anything. Our system, with its heavy dependence on electronic currency, in a hyperinflation would not do well. It would probably cease to function very quickly. You could have disruptions in supply chains to food stores. The economy would devolve into something like a barter system until they came up with a replacement global currency.
What can we do to avoid hyperinflation? What if we just shut down the Fed or something like that?
We can’t. The actions have already been taken to put us in it. It’s beyond control. The government does put out financial statements usually in December using generally accepted accounting principles, where unfunded liabilities like Medicare and Social Security are included in the same way as corporations account for their employee pension liabilities.
And in 2008, for example, the one-year deficit was $5.1 trillion dollars. And that’s instead of the $450 billion, plus or minus, that was officially reported.
Wow.
These numbers are beyond containment. Even the 2008 numbers, you can take 100 percent of people’s income and corporate profit and you’d still be in deficit. There’s no way you can raise enough money in taxes.
What about spending?
If you eliminated all federal expenditures except for Medicare and Social Security, you’d still be in deficit. You have to slash Social Security and Medicare. But I don’t see any political will to rein in the costs the way they have to be reined in. There’s just no way it can be contained.
The total federal debt and net present value of the unfunded liabilities right now totals about $75 trillion. That’s five times the level of GDP.
What can we, the people, do to stop the government from, you know, taking all our money?
We should have acted 20 years ago. There’s not much you can do at this point to prevent the eventual debasement of the dollar. This involves both sides of the political spectrum. It’s not limited to the Republicans or the Democrats. They’ve both been very active in setting this up.
What can individuals do?
The only thing individuals can do now is look to protect themselves. I wish I could see a way, but shy of severe slashing of the social programs that is so politically reprehensible and would create such problems and social unrest, I don’t see that as a practical solution.
If you’re a young 20- or 25-year-old guy or gal, would you move to another country? What would you do?
We still have a great country. We’re going through a period of economic pain. It’s happened before. This is the kind of thing that’s taken us decades to get into and it will take us decades to get out. Although the hyperinflation is going to be limited largely to the U.S., the economic downturn will affect things globally. I can’t tell you how things will go with a hyperinflationary Great Depression, which is where I see things going.
It’s the type of thing that will tend to lead to significant political change. People tend to vote their pocketbooks. You could have the rise of a third party. You could even have rioting in the streets. I’m not formally predicting that — anyone can run these different scenarios. For the individual, what you need to do, from an investment standpoint, look to preserve your wealth and assets. Don’t worry about the day-to-day fluctuations in the markets. What I’m talking about here is over the long haul…
[Gold is] going to be highly volatile, as will the dollar, over the near term, but longer term, physical gold I would look at as a primary hedge for preserving the purchasing power of your wealth and assets. Maybe some physical silver. Get some assets outside the U.S. dollar. I might even look to move some assets physically outside the United States. The key here is to look at a longer range survival package, battening down the hatches, and preserving your wealth and assets during a very difficult time. Once you’re through that, you’ll have some extraordinary investment opportunities, and I can’t tell you what it’s going to be like on the other side of this crisis.
Dr. Phil Maymin is an Assistant Professor of Finance and Risk Engineering at NYU-Polytechnic Institute. The views represented are his own.
[edit] References and notes
1. ^ “Molten Metals Technologies Inc”. Lynn M. LoPucki’s Bankruptcy Research Database. http://lopucki.law.ucla.edu/companyinfo.asp?name=Molten+Metal+Technology%2C+Inc.. Retrieved 2008-01-05.
2. ^ “Cordex Petroleum”. Internet Bankruptcy Library. http://bankrupt.com/TCR_Public/990406.MBX. Retrieved 2008-01-05.
3. ^ “Maurice F. Strong Is First Non-U.S. Citizen To Receive Public Welfare Medal, Academy’s Highest Honor”. National Academy of Sciences. http://www8.nationalacademies.org/onpinews/newsitem.aspx?RecordID=12032003. Retrieved 2008-01-20.
4. ^ “Rural area beats back water diversion plan” article by Barry Noreen, High Country News May 30, 1994
5. ^ Where on Earth Are We Going?. April 23, 2001. Texere.ISBN 158799092X
: On AWDI, page 169: “My interest in the water went beyond it being a good business. I saw development of the water as an exceptional opportunity to apply my sustainable-development principles on a real-life scale.” page 170: “Initially my partners had all given at least passive support to my plans for the project, which I had insisted from inception to be an example of environmental and socially responsible development.” page 171: “I donated my interest to the Fetzer Foundation.”
6. ^ Ward Barbara Dubos Rene. Only One Earth. May 25, 1972. Andre Deutsch Ltd.ISBN 0233963081
7. ^ http://www.unep.org Website of the United Nations Environment Programme
8. ^ “A super agency?”. Globe and Mail. http://www.theglobeandmail.com/servlet/Page/document/v5/content/subscribe?user_URL=http://www.theglobeandmail.com%2Fservlet%2Fstory%2FRTGAM.20070307.wcoclimate07%2FBNStory%2FClimateChange%2F&ord=4762007&brand=theglobeandmail&force_login=true. Retrieved 2008-01-14. Member account login required to access full article.
9. ^ Report of the United Nations Conference on Environment and Development, Rio, 1992
10. ^ Tribute Special Supplement: On the Road to Rio. (1991). World Media Institute, Ottawa, Canada
11. ^ http://www.mauricestrong.net/2008072115/strong-biography.html
12. ^ “University of Peace Makes New Appointments and Agrees on Major Expansion”. Science Blog. http://www.scienceblog.com/community/older/archives/L/2000/B/un001921.html. Retrieved 2008-01-05.
13. ^ “UN urges North Korea-US talks”. British Broadcasting Corporation. http://news.bbc.co.uk/1/hi/world/asia-pacific/2916473.stm. Retrieved 2008-01-05.
14. ^ http://online.wsj.com/article/SB122368007369524679.html
15. ^ The Globe and Mail
[edit] External links
· Official website of Maurice Strong
· United Nations University for Peace
Retrieved from “http://en.wikipedia.org/wiki/Maurice_Strong”
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