Image: First Thanksgiving. Apologies if link has expired.(Melchizedek Communique, MC112609) Excess is the theme this Thanksgiving Day, November 26, 2009.

Courtesy of the World Socialist Web Site (WSWS), a translation from parts of the German media has appeared before the Englanders of the world. "Within Germany’s top political circles fear is growing of a second international financial crash exceeding in intensity and impact that of autumn 2008," summarizes WSWS. ("German politicians, media warn about the next global financial crisis", by Peter Schwarz. WSWS, Nov. 26, 2009)

Since March of this year, just 8 months ago, the Dow Jones, the Japanese Nikkei and the German DAX have risen by around 50 to 60 percent. This balooning, also in gold and copper prices, is not based on any reality beyond the reality of enormous "Federal" Reserve inflating of the money supply.

A new book by Congressman Ron Paul, End The Fed, explains the situation well. "The Fed’s activities since the market meltdown of 2008 have been dangerous in the extreme. The Fed is using all its power to drive the monetary base to unprecedented heights, creating trillions in new money out of thin air. From April 2008 to April 2009, the adjusted monetary base shot up from $856 billion to an unbelievable $1.749 trillion. Was there any new wealth created? New production? No, this was the Ben Bernanke printing press at work."

"The rally in stock prices is due to the enormous liquidity that governments and central banks have pumped into the economy," explains WSWS.

"The stock markets are rising because so much money has to go somewhere -- because shares per se are valued attractively,” writes Wirtschaftswoche, the German business weekly. (qtd. in WSWS, op. cit.)

Wirtschaftswoche reportedly claims the price-earnings ratio is now generally at 133. (A price-earnings ratio of 14 or more is considered to be excessive.)

It is "The Trillion Dollar Bomb," reportedly claims Germany's Der Spiegel. Never before has "the finance industry had such unfettered access to the finances of the state."

Do not so much blame the Politburo now in power as the constant creature always there. Various Politburos come and go, but the privately-owned "Federal" Reserve, like Mary Shelly's Frankenstein, lives on.

Besides the theme this year of huge excess by the "Federal" Reserve and its banker chums, too much eating is also highlighted. This will be followed by an excess of football. The next day, "Black Friday," an excess of shopping predominates.

But where in all this is the being thankful? The noise parade has drowned out the quiet presence of Melchizedek, who briefly appears, offering bread and wine.

web button

Go Back To Archives

web button

Melchizedek Communique Home Page