Soul Sacrifice

Nations sacrifice their soul to elite central bankers.

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It might be a generational thing but none of the sixty's generation will ever forget Carlos Santana at Woodstock in 1969. His band performed a song titled, 'Soul Sacrifice' in front of a half million people or so. Being the sixties, and being an outdoor festival, Carlos ingested some hallucinogens several hours before he was supposed to take the stage (at least this is the version I have read). At least, he thought he had some time for a trip. However, there was a schedule mixup and he was immediately ushered onstage. With his perception chemically altered, the neck of his guitar appeared to transform into a series of waves. Fearful of losing contact completely, he grabbed the guitar neck with his left hand and never let go. The result was one of the greatest performances in recorded musical history. If I have any of this wrong, my apologies to one of the greatest guitar players to ever play the instrument.

No, this isn't a music review. The song, Soul Sacrifice, could very well be the theme song of central bank subterfuge. Santana's 'altered state' could well be similar to the hallucinogenic state of mind of today's society. The governing elite promise entitlements and services that they cannot possibly deliver. The citizens genuinely expect living standards they cannot possibly afford. Yet, both sides continue to wander aimlessly down a path that only exists in their hallucination.

Society's drug is debt and the central banks are the dealer. This gives the banks the power to rule. The two cannot coexist in mutual prosperity. Central bank power is acquired and reinforced through the sacrifice of a nation's soul. A prosperous sovereign nation must control its currency. A central bank must control a sovereign nation's currency. A prosperous sovereign nation must collect taxes to be spent on society's collective needs. A central bank must control deposited tax receipts to control its subjects. Andrew Jackson won control of the US currency and its tax receipts. He left office in 1836 with no national debt and a balanced budget. He set his nation on a path of great prosperity. Barack Obama, as all of his predecessors since 1913, will leave office with his country without control of its currency, without any of its tax receipt deposits (they are deposited in Federal Reserve banks), and without any hope of ever climbing out of trillions of dollars in debt that he helped grow. He will leave his nation in a state of chronic despair and under control of the Federal Reserve. How did we get here? Who are those men carrying us? Why are we headed to the alter?

Soul Sacrifice opened with rhythmic clapping. The congo players joined and upped the tempo. Imagery of a primitive culture pervades the listener's mind as it seems we are all high on hallucinogens that make us believe we can borrow and spend our way to prosperity. Someone will have to be sacrificed to make this so. The crowd is gathered and writhes closely together in beat with the music in a trancelike ceremonial dance. On their shoulders they carried us. We have been complaining lately about the distribution of the tribe's assets. We do all the work. We should get more of the rewards. We feel the soft hands underneath our backs and legs and butts as the crowd extend their arms pushing us to the sky. Some of the hands are rifling through our wallet but we are concentrating on the groove. It's like we are now body surfing toward the alter. This is so cool!

The brilliant 19-year old drummer, Michael Shrieve joins with a burst of high energy rolls perfectly in time with the congo players. Carlos has a tight grip on his guitar and starts to play. At first he plays a staccato burst of notes. His solo becomes more rapid and it seems the pace of the crowd intensifies. We take a glance down and the crowd are all wearing wing-tip shoes. Their hair is neatly trimmed. They stink of vaults and loan paperwork. Maybe they are bankers? We can see the alter now. I wonder who is going to get it? Carlos is hitting the main riff now. He is in a 'call and answer' mode with his drummer. Each line is more furious than the last. Maybe once we get this over with we can address our needs as people. We need to improve our living standards. We need jobs. We need to rid ourselves of war. We need more liberty. We need more influence over those that govern us...

Finally, we are there. Carlos's guitar attack has slowed. The song is more mellow. This must be the point where some poor soul gets sacrificed to the God of Money. Thankfully the crowd has gently laid us down. They are so nice. The drumming is bit quieter and a bit slower. But wait. Here it goes again. Shrieve is picking it up now. His attack is becoming furious and almost maniacal. His solo is nothing short of masterful. A minute passes. The drum solo is like a benediction to the finality of the ceremony. The rest of the band now joins the drummer and the song is racing furiously to the end. It's a power wave sweeping everything in its path. The trance is controlled by a pulsating, driving organ line. The song is building a crescendo ending. We look around but we don't see the sacrifice. Suddenly a hooded figure appears next to us. It can't be the Executioner. He usually doesn't come to the alter until the sacrifice is prepared. He is pulling his hood back. Look, it's Ben Bernanke! What is he going to do with that axe? Suddenly the song stops. The sacrifice isn't even here yet!

But we are. The soul of any country is its currency. The currency carries powerful images of respected leaders and landmarks specific to each country. The citizens' identity is in their currency. It is what makes them unique. It is their pride. it represents all their possessions. Yet, we stand at the alter of soul sacrifice and passively watch as our brothers and sisters are dismembered from their currency by central banks. Countries have been brought to the alter one at a time. Iceland, Greece, and Ireland have taken their turn. Next will be Italy or Portugal or Spain. The US has already been sacrificed. The banker elite now rejoice in their riches while the populous scrambles for existence. The government elite that guard the banker elite now ask their ruler for assurances of riches albeit on a lesser scale. The banker elite now make the rules to aid their protectors. They imposed the 'Patriot Act' that was born from a false flag event to subvert the law of the land so they could more easily intimidate and control the populous. They initiated numerous bailouts and stimulus bills that aided only the banker elite. And now the Federal Reserve is dictating economic policy from a position of currency control. And that currency, along with the nation's soul, has been sacrificed for the good of the elite banker. The banker elite is doing fine. The rest of us - not so much.

Predictions

What do we do now? Our brothers and sisters are protesting and rioting across the world in protest of the new world order. Americans are for the most part too dumb to even spell 'protest' much less realize that the nation of their professed patriotism has sacrificed them in a ceremonial surrender of power. At least the Europeans realize they have been placed on the alter. In the end, they will fall. God only blesses humanity with an Andrew Jackson once. But, investors can't be encumbered with allegiance to anything other than their own portfolio. Let's let a few charts guide us in this period of soul sacrifice.

Chart 1 is a 20-year look at the US dollar value as represented by the USD in green. The blue line is a line that I drew at what appears to be the neckline in a big bearish head and shoulders pattern. Measuring from the peak of $120 to the neckline of $82 gives us a range of $38. A break in the neckline below $82 would give us a downside target of $44. That's about a 46% drop in the value of the dollar. Not surprisingly, the USD is fighting the current neckline level very hard. Now, we have to ask ourselves a question about the dollar's trend from here. Since the Federal Reserve's inception in 1913, the dollar has lost some 95% of its value (purchasing power). Why would we expect this 97-year long trend to change now? Don't let this chart slip out of focus. That's the big picture. What do we do right now?

20 years - US Dollar in green

Chart 1: 20 years - US Dollar in green

Chart courtesy StockCharts.com

Let's move to Chart 2. This is the same 20-year time span but I have added the S&P 500 in gold and the Relative Strength Index (RSI) in black. Now we can see how the nation's soul could be sacrificed so easily. All the executioner needed was the distraction of the stock indexes. Look at the period from 1995 to 2000. Both the dollar and the S&P 500 moved higher in tandem. That makes sense. A strong economy produces a strong stock market and leads to a strong currency. Look at the next three years from 2000 to 2003. A weak economy produces a weak stock market and leads to a weak currency. Again, currency and markets were in tandem and RSI was for the most part, fairly calm. 2003 became the 'disconnect year' as stocks and currency became inversely correlated. The stock market was headed to zero and even the dumbest American would soon know that something had gone badly wrong. Well, they might not have a clue until their cable TV was disconnected. Then Fed Chairman, 'Maestro' Alan Greenspan, took it upon himself to exert final Fed dominance by intervening in markets with currency and credit. The nation willfully complied as it was anxious to recoup stock losses at any cost. The resolution was a change in dynamics with the Federal Reserve suppling copious credit, debt exchange, and currency. The nation's soul had to be sacrificed. And so it was from the sharp edge of the printing press. The currency continued lower but in an effort to avert a populous uprising, the bankers manipulated the stock indices higher. This is the ultimate pacifier. Now we have an ominous, horribly bearish, double-top in stock indices. But since 2003, when the dollar rises, stocks fall. When the dollar falls, stocks rise. The sacrifice continues.

usd december

Chart 2: 20 years - USD = green, S&P 500 = gold, RSI = black

Chart courtesy StockCharts.com

So what do we know? Weakening currencies benefit the central banker that controls such currency. Weakening currencies boost stock markets. Does anybody think that the Federal Reserve or Congress will work going forward to strengthen the currency? Hey, it's Christmas - I thought we needed a good laugh! When you stop laughing, please continue.

Let's see if we can make a prediction on currency and therefore stock trend for the coming weeks. Look at Chart 3. This is the past three months of the USD. As we zoom in, we can see what I believe to be a couple of mast with pennant formations. I have drawn the first one with a blue line and the second with a green line. Generally, these formations come in threes. Therefore, I think we are breaking out of the second pennant and forming the third mast (dashed black line). This may take us up close to the bearish neckline in Chart 1, form a final pennant, and then fail to the downside. If so, we may have a few more weeks to rally the dollar during which time the stock indices might stall. If at that point the dollar breaks lower, we could expect to see the dollar fall much lower thus instigating another strong inflation-fueled stock rally. We should know by the first or second week in January. A wise investor may want to go light on stocks for the next few weeks in anticipation of a rally opportunity in early January.

usd

Chart 3: 3 months ending 12/16/2010 - USD

Chart courtesy StockCharts.com

What in heaven's name will make the putrid US dollar appreciate? The dollar's value is heavily inversely correlated against the Euro. The central bank of Europe, the ECB, is fighting frantically to save the banks of Europe from the debt implosion of its member nations. The worry over the expansion of the bailout package offered in May of this year is weighing on the value of the Euro. The US dollar is strengthening as a result. As the debt contagion continues, the Euro falls and the dollar rises. This is no hallucination. The soul of Europe is getting sacrificed to keep the bankers flush with cash. Ditto for the US. The central banks need the government to carry out the trivial task of governing the trifling citizens. The governments need the central banks for monetary survival. Standing between the two is the alter of soul sacrifice. Nations may willingly visit the alter. Investors will have to fight to survive!

Disclaimer: The views discussed in this article are solely the opinion of the writer and have been presented for educational purposes. They are not meant to serve as individual investment advice and should not be taken as such. This is not a solicitation to buy or sell anything. Readers should consult their registered financial representative to determine the suitability of any investment strategies undertaken or implemented. BMF Investments, Inc. assumes no liability nor credit for any actions taken based on this article. Advisory services offered through BMF Investments, Inc.

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