Alex Jones Show - 20090204_Wed_Alex

00:00:00.000 Big Brother.

00:00:08.000 Mainstream media.

00:00:09.000 Government cover-ups.

00:00:11.000 You want answers?

00:00:13.000 Well, so does he.

00:00:14.000 He's Alex Jones on the GCN Radio Network.

00:00:19.000 And now, live from Austin, Texas, Alex Jones.

00:00:27.000 Welcome ladies and gentlemen, welcome and thank you for joining us.

00:00:30.000 We're now simulcasting live at PrisonPlanet.tv in the third and fourth hour of this syndicated radio transmission.

00:00:38.000 Thank you so much for joining us.

00:00:40.000 I'm Alex Jones.

00:00:41.000 Our websites are PrisonPlanet.com and InfoWars.com.

00:00:46.000 Peter Schiff of Europacific Capital will be joining us coming up here in a few minutes.

00:00:51.000 Well, this from Slashdot today, and it's also in several other news articles, Amtrak photo contestant arrested by Amtrak police all over the nation.

00:01:05.000 You'll have a chemistry professor arrested because he has a chemistry set at his house and a neighbor or a carpet cleaner saw it and thought he was a terrorist.

00:01:14.000 You'll have many famous cases of students who are out doing a photo journalism class of bridges or of buildings or of architecture period and they get arrested and This is how they're using the war on terror to curl his paranoia.

00:01:33.000 We've had New York police walk up and say, turn your video cameras off during a protest.

00:01:37.000 You know, you could be terrorists.

00:01:38.000 That camera is a gun.

00:01:40.000 So, uh, just tyranny.

00:01:43.000 And it goes on to say photographer, uh, Dwayne Kurzick was standing on the public platform in New York's Penn Station taking pictures of trains in hopes of winning an annual photo contest that Amtrak have been running since 2003.

00:01:59.000 Amtrak police arrested him for refusing to delete the photos when asked Though they later charged him with trespassing.

00:02:04.000 Obviously, there is a lack of communication with Amtrak's marketing department, which promotes the annual contest called Pitcher Our Trains and its police department, which has a history of harassing photographers for photographing the same trains.

00:02:17.000 Not much different than the JetBlue incident from earlier this year, when JetBlue flight attendants had a woman arrested for refusing to delete a video she filmed in flight while the JetBlue marketing department hosted a contest encouraging passengers to take photos in flight.

00:02:33.000 Terzik's blog has an account of the arrest on December 21st and the aftermath.

00:02:38.000 And we're going to get him on the show.

00:02:41.000 And this happens all over the place.

00:02:43.000 I mean, you'll be taking pictures out of the plane window with your little snapshot camera.

00:02:48.000 And I've had the flight attendant walk over and say, don't take pictures in here. 0.99

00:02:53.000 And this is all just part of the First Amendment being attacked.

00:02:56.000 There's nothing to do with terrorism.

00:02:57.000 And now they're using this to put a chilling effect on free speech and alternative media gathering.

00:03:02.000 And now they're trying to pass a law in England where you're a terrorist if you take pictures of police, period, so you can't videotape them or photograph them beating people up.

00:03:09.000 Okay, until the bottom of the hour, we have Peter Schiff on with us, and I want to go through some of the economic numbers that are coming out.

00:03:18.000 He and many others have been predicting we could go into a depression in the next few years, but now, Mainline Economist Magazine and Gordon Brown, Prime Minister of England yesterday, said that we're already in a depression.

00:03:29.000 So, Peter Schiff of Europe Pacific Capital, do you think we're already going into a depression?

00:03:35.000 Well, unfortunately, I think we are.

00:03:37.000 I think the government is leading us into a depression.

00:03:39.000 I don't think it had to be a depression.

00:03:41.000 I think it had to be a very severe recession, because we have a lot of problems in our economy that have been building for more than a generation.

00:03:49.000 But in particular, during the Greenspan era, and since the bursting of the dot-com bubble, we have some serious imbalances that need to be addressed.

00:03:57.000 And a lot of these problems are the result of monetary and fiscal mismanagement and excessive regulation.

00:04:05.000 But, you know, we need to allow the market to work and to function, and unfortunately the government is not doing that.

00:04:13.000 The government is simply, you know, exacerbating the problem.

00:04:16.000 They're leading us deeper into debt.

00:04:19.000 They're making our economy less efficient and less productive.

00:04:22.000 And they are in the process of creating a depression, which I think will be an inflationary depression, which is going to be particularly painful for ordinary Americans.

00:04:31.000 Peter Schiff of Euro Pacific Capital.

00:04:33.000 We're going to break when we come back though.

00:04:34.000 You predicted this years ago and seem to be getting a lot of media attention because of your accurate predictions.

00:04:40.000 I want to get your projections, your forecast into the future of how you see this unfolding with the current government operations we see now versus what could happen if we tried to put the brakes on their spending.

00:04:55.000 So stay with us.

00:04:55.000 We'll be right back with Peter Schiff.

00:04:57.000 We'll also cover some of the latest economic news.

00:04:59.000 Stay with us.

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00:08:00.000 Big Brother.

00:08:07.000 Mainstream media.

00:08:09.000 Government cover-ups.

00:08:12.000 You want answers?

00:08:13.000 Well, so does he.

00:08:15.000 He's Alex Jones on the GCN Radio Network.

00:08:19.000 And now, live from Austin, Texas, Alex Jones.

00:08:26.000 All right, ladies and gentlemen, we are live.

00:08:31.000 Actually, we have Peter Schiff with us for the rest of the hour.

00:08:34.000 We'll open the phones up for your financial questions at the bottom of the hour, 1-800-259-9231.

00:08:39.000 We'll be giving out to Mr. Schiff's Euro-Pacific website as well, and we'll post it on screen for everybody out there that is watching.

00:08:51.000 Okay, Mr. Schiff, I think it's important, since we've got plenty of time with you today, and we're thankful for that, tell us a little bit about yourself, some of the predictions and projections, forecasts you've made accurately.

00:09:00.000 I think it's important to recap those.

00:09:02.000 I could go over some of them, but you could do it better than I, because you made them.

00:09:05.000 And then, so people take seriously what you're saying, let's move forward, then, into your forecast on the Depression, and exactly why that's being exacerbated and accelerated by the policies.

00:09:20.000 Basically, I've been pointing out for a number of years the underlying problems with our economy.

00:09:24.000 so Ford and Chevy and others can move to Brazil.

00:09:28.000 Peter Schiff.

00:09:29.000 Well, I mean, basically I've been pointing out for a number of years the problems, the underlying problems with our economy.

00:09:38.000 What we're experiencing now is not the problem.

00:09:42.000 What we're finally experiencing are the consequences of the problem.

00:09:46.000 And the problem has been building, as I said, for years and years.

00:09:49.000 And basically, you know, the roots of the problem, you can probably trace them back to abandoning the gold standard in 1971.

00:09:56.000 Because when we took the dollar off the gold standard, and the world continued to accept the US dollar as a reserve currency, as if it were still backed by gold, that put us in a unique position as a nation Well, we could pay for our imports by printing money.

00:10:12.000 We didn't have to pay for our imports with exports, and we didn't have to pay for them with gold.

00:10:17.000 We could just print money.

00:10:18.000 And that really started this process that culminated after the dot-coms, I think, from 2001, 2002, until 2008.

00:10:23.000 After the dot-coms, I think, from 2001, 2002, until 2008, we basically went through the blow-off stage of this phony economy.

00:10:33.000 But what happened is we began to de-industrialize, and we began to move into a service sector economy because we were able to import all the things that we didn't produce by printing money and sending it abroad, and our creditors were willing to hang on to the money we printed.

00:10:49.000 And they didn't look to actually spend it on real stuff, and so the economy began to evolve as this consumer-based economy.

00:10:56.000 But in order to keep it growing, we had to keep on taking on ever-increasing quantities of debt, which the world was willing to supply us.

00:11:05.000 And, of course, with the housing bubble, when I was very critical there, that's what enabled Americans to borrow money on an unprecedented scale.

00:11:12.000 I mean, we raised it to an art form, where we were borrowing literally trillions of dollars from the world, and we were just blowing it all on massive consumption.

00:11:21.000 And our trade deficit during this decade went from what used to be a pretty bad $10-12 billion a month up to $60 billion, $70 billion a month.

00:11:31.000 And this was completely unsustainable.

00:11:34.000 And then, you know, you had half of the income from the S&P 500 was being generated from finance, from financial services, and it was all an illusion.

00:11:43.000 And I saw all the risks that were being taken on Wall Street and all the speculation on Main Street.

00:11:50.000 I knew that our whole banking system was a house of cards because I knew that the assets were phony.

00:11:56.000 Because the assets were mortgages.

00:11:58.000 And I knew that the people who were borrowing money, there's no way they could pay it back.

00:12:02.000 Sorry to interrupt you.

00:12:03.000 Your voice is so strong.

00:12:04.000 Will you back off your phone?

00:12:06.000 Okay, sure.

00:12:07.000 Thank you.

00:12:08.000 Sorry to interrupt you.

00:12:10.000 Absolutely.

00:12:11.000 And then on top of that, the big banks and brokerage firms then took the security-backed assets, the mortgage loans, and sold those as basically good as gold.

00:12:22.000 Well, yeah, they had to sell them because we don't have any savings.

00:12:25.000 I mean, this whole securitization process was a way to put together American borrowers with all the world's savers.

00:12:32.000 I mean, you can only borrow money from somebody who saved it.

00:12:36.000 And so, this process enabled Wall Street to put the Japanese and the Chinese together with the Americans. 0.82

00:12:42.000 But all we were doing was borrowing money. 0.98

00:12:44.000 And, you know, the Chinese, they were dumb enough to lend it to us. 1.00

00:12:47.000 They thought they were going to get it back. 0.98

00:12:49.000 But, you know, they're not going to get it back because we spent the money.

00:12:52.000 We have no way of paying it back.

00:12:53.000 It wasn't put to a productive use.

00:12:56.000 It was spent.

00:12:57.000 But anyway, so I knew that this was going to end badly, this phony credit-bubbled economy based on consumer spending and debt was going to collapse, and that's what's begun.

00:13:08.000 Now, when I was warning about it, I was more fearful, not of the collapse, but of the things that the government would do to try to interfere with the collapse, to try to reflate the bubble, to try to return us to the consumer-spending economy that is the source of our problems.

00:13:27.000 And that is exactly what the government is trying to do.

00:13:31.000 And in so doing, what they're really doing is pouring gasoline on a raging fire, and it is going to basically engulf the entire country and burn it to the ground.

00:13:44.000 And every time the fire gets bigger, they're going to pour more gasoline on it.

00:13:48.000 What we need, the only way that America is going to get back on the right track, is to have consumers stop spending.

00:13:56.000 We need to rebuild savings.

00:13:58.000 We need capital to be made available to business, not government, so that business can use it to produce the factories of the future, to employ the workers that are losing their jobs and services and finance.

00:14:09.000 We need to allow the free market to work, and it's going to involve a lot of pain, because all this artificial living, all this living beyond our means and indulging our every whim and buying things we can't afford, that's got to come to an end.

00:14:22.000 And it's not going to be an easy process.

00:14:24.000 And during the process, asset prices are going to be marked down.

00:14:28.000 Stock prices need to go lower.

00:14:29.000 Real estate prices need to go lower.

00:14:32.000 That's not going to sit well with a lot of people who thought they were going to get rich on asset appreciation.

00:14:38.000 But we need to go back to reality.

00:14:40.000 But what the government is going to do is they're going to prevent all this from happening.

00:14:43.000 They're going to prevent us from getting out of this hole.

00:14:45.000 They're going to dig it deeper.

00:14:47.000 They're trying to encourage more reckless consumption.

00:14:49.000 The entire purpose of the stimulus package and all the bailouts is to keep Americans going to the mall, to keep us reaching for our charge cards, buying more stuff.

00:15:00.000 They want us borrowing more money to buy more houses.

00:15:02.000 They want us borrowing more money to buy more cars.

00:15:05.000 That is the exact opposite of what we need to do, and what they are setting up is the real crisis that I've been warning about.

00:15:12.000 It's going to be a collapse in the value of the dollar.

00:15:14.000 It's coming.

00:15:15.000 It's coming soon, and when the dollar collapses, you're going to see interest rates spiral out of control.

00:15:21.000 You're going to see consumer prices spiraling out of control, and then we're going to be in a real crisis.

00:15:26.000 Because see, right now, the government is bailing everybody out and easing the pain.

00:15:30.000 But when the bond market collapses, it's the U.S.

00:15:32.000 government that's going to need to bail out, and there's nobody big enough to do it.

00:15:36.000 Peter Schiff, what is the timeframe?

00:15:38.000 And I know these are liquid and move back and forth, but most of the experts we talk to Dr. Paul Craig Roberts and Bob Chapman and the head of the Newark Business School and countless others say that what government is doing is accelerating the time frame and bringing the total collapse, what I call hyper-stag inflation, closer to reality.

00:16:04.000 Yeah, it's hard to say exactly timing.

00:16:08.000 Timing is a very difficult thing to do, especially when there's so much irrationality in the world and there's so much manipulation.

00:16:16.000 There's so many people with vested interests.

00:16:18.000 So you can never know the timing.

00:16:20.000 Look, we had this huge dollar rally in 2008.

00:16:24.000 That bought us a lot of time.

00:16:26.000 I didn't anticipate that we'd have that big dollar rally.

00:16:29.000 Maybe in hindsight it's something I should have anticipated because in the short run, it seems like the opposite of what should happen always happens because the majority of people seem to always get it wrong and they do the wrong thing when they initially are confronted with information.

00:16:43.000 But once this dollar rally really loses steam and begins to fall apart, it's going to take on a lot of momentum.

00:16:49.000 And that's starting to happen.

00:16:52.000 Yeah, look at the bond market.

00:16:54.000 The bond market has been dropping every day this year.

00:16:57.000 In fact, so far, 2009 is the worst year in history for the U.S.

00:17:03.000 bond market.

00:17:03.000 It's the worst year, even though we've only finished one month of the year.

00:17:07.000 And if this continues, this could be the beginning of the unraveling.

00:17:10.000 And the worst year in stocks ever.

00:17:13.000 Well, it's the worst January in stocks ever, yes.

00:17:16.000 But it's not the worst year.

00:17:17.000 But it's already the worst year in bonds.

00:17:20.000 I mean, January was worse than any entire year that preceded it.

00:17:24.000 That's how bad it was.

00:17:29.000 What's the furthest it could be pushed out until, I mean, the layoffs, hundreds of thousands a month, the store shutdowns, and now the bubble in the real estate market is starting to implode, the credit card debt is starting to implode.

00:17:43.000 I mean, is all these things combined with the already circling black hole, what, a year till riots in the streets?

00:17:54.000 Two years?

00:17:56.000 I don't know.

00:17:56.000 I mean, I've talked about the potential for riots, and I think that exists, and looting, and I think what would cause that would be shortages of food and blackouts, and I think that it is possible that we will see that, because the government is unleashing massive inflation.

00:18:11.000 And ultimately, the inflation that they're creating is going to cause surging prices, particularly for things like food and energy.

00:18:19.000 And if the government is going to stick to form, They are going to attack the symptoms and not the disease, which is the rising prices.

00:18:27.000 And the only way governments ever attack rising prices is through price controls, which is what we did in the 1970s.

00:18:34.000 And since we're repeating all the mistakes of the 1930s, I'm sure we'll repeat the mistakes of the 1970s. 0.62

00:18:41.000 And if we have price controls, we're going to have shortages.

00:18:44.000 And if we have shortages, we're going to have problems.

00:18:46.000 We're going to have crime.

00:18:47.000 And of course, I think it's going to come at a time You know, where the cities are not going to have the money and the resources to pay for additional police protection.

00:18:57.000 If not, they might have to cut back on the police protection they have now.

00:19:01.000 And obviously, you know, the criminals will figure that out.

00:19:04.000 Well, Peter, that was my next question.

00:19:05.000 When we come back, I want to get into that.

00:19:08.000 The states are on the verge of bankruptcy.

00:19:10.000 CalPERS, for those that don't know, the big pension fund system in California, formerly one of the biggest economies in the world, with number eight in the world itself, just that fund, not California itself, but just the fund.

00:19:22.000 They're talking about that going bankrupt.

00:19:24.000 They're doing emergency rainy day funds just to continue the checks going out.

00:19:28.000 The welfare checks are in danger of not going out.

00:19:30.000 That'll be a riot within a week.

00:19:32.000 The Pentagon has We'll also get into a lot of other issues as well.

00:19:35.000 I want to talk to Peter Schiff about that when we get back.

00:19:37.000 I'm Alex Jones.

00:19:38.000 Our websites are Infowars.com and PrisonPlanet.com.

00:19:41.000 We come back, we'll tell you Peter's website as well and put that on screen.

00:19:45.000 He's with Europe Pacific Capital and has done a great job in the last decade predicting exactly what we're entering into and what the government would do as a response.

00:19:53.000 We'll also get into a lot of other issues as well.

00:19:57.000 Stay with us.

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00:21:02.000 Today, unlike any other in the long course of American history, a terrorist act of war against this country.

00:21:09.000 The enemy struck America on September 11th.

00:21:12.000 Who is the enemy?

00:21:13.000 Bin Laden.

00:21:14.000 This is his M.O.

00:21:15.000 We have to look to the Middle East.

00:21:16.000 We have to look to Osama Bin Laden. 0.93

00:21:18.000 Fabled Enemies is the first 9-11 film to take a close look at the terrorist ties to intelligence networks inside the United States.

00:21:25.000 Some U.S.

00:21:26.000 investigators believe that there are Israelis again very much engaged in spying in and on the U.S.

00:21:32.000 I'm aware that some Israeli citizens have been detained.

00:21:36.000 ...Laden's connections to the CIA, the hijacker's ties to the FBI, the Saudi Arabian connection, the Israeli intelligence network, warnings and war games, the shadow government, and much, much more.

00:21:46.000 Fabled enemies.

00:21:47.000 Get the DVD at InfoWars.com or see it in super high quality along with hundreds of other titles at PrisonPlanet.tv.

00:21:55.000 Either you are with us or you are with the terrorists.

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00:22:58.000 With rising unemployment and an economy that continues to fail comes an increase in crime.

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00:23:59.000 As we've been trying to dump the wine press, much too long.

00:24:08.000 Free bell, free bell.

00:24:12.000 Europac.net is our guest website.

00:24:18.000 Europac.net is also a gorgeous website, pushing him for president that fans have put up.

00:24:25.000 This is one of the guys that Ron Paul has said is one of the people he learns a lot from.

00:24:29.000 Peter Schiff, again, is our guest.

00:24:32.000 Peter, let's get into it right now.

00:24:34.000 You talked about police agencies not having enough money.

00:24:37.000 They swole the size of police agencies from 500,000 to several million in the last decade.

00:24:44.000 Now the police admit they're outriding more tickets and fines and fees to try to raise money.

00:24:48.000 But of the people, you can't squeeze blood out of a turnip or a stone, as the old sayings go.

00:24:53.000 The states are talking about going bankrupt, the pension funds, the state pension funds, the police pension funds.

00:24:59.000 I mean, if all of that goes bankrupt, what are we, or even part of it, what are we looking at here?

00:25:04.000 Yeah, look, it's tough.

00:25:05.000 Look, this is the natural consequence of all this debt, all this borrowing to consume, and that's how come, you know, our economy was phony.

00:25:13.000 We were paying for it by going into debt, and everybody You know, when I would bring this up and talk about all the debt, people would criticize me by saying, look, I'm only looking at half the balance sheet.

00:25:25.000 I'm not looking at all the assets.

00:25:27.000 And so we have all these assets, so the debt is okay.

00:25:30.000 Well, what were the assets?

00:25:31.000 The assets were stocks and real estate.

00:25:34.000 But what good are those assets?

00:25:36.000 I mean, we can hock them all to the Chinese. 1.00

00:25:39.000 You know, we have to pay interest on the debt.

00:25:41.000 And if we can't service the debt, it doesn't matter about the assets.

00:25:45.000 And of course, when you have to sell your assets, the prices collapse.

00:25:49.000 I mean, our houses are only worth a lot of money, assuming that nobody wants to sell them.

00:25:53.000 But the minute everybody needs to sell their house, there's nobody to buy it.

00:25:57.000 What's your house worth?

00:25:58.000 It's worth a fraction of what we were pretending it was worth when we tried to pretend that all this debt didn't matter.

00:26:03.000 But it does matter.

00:26:04.000 And now the bills are coming due and we can't pay.

00:26:07.000 In the meantime, You know, what made us wealthy in the first place, our industrial might, our ability to produce, you know, that's gone!

00:26:15.000 Because we've been living off the productivity of everybody else, as we've been accumulating all his debt!

00:26:22.000 Looking specifically at CalPERS out in California and other states, where do you see the biggest problems?

00:26:27.000 What do you see to be the next domino to fall?

00:26:29.000 States going bankrupt?

00:26:31.000 I saw a headline in mainstream news yesterday of 48 states going into bankruptcy.

00:26:35.000 Yeah, I think California is on the verge, if they haven't already done so, of paying some of their bills with IOUs.

00:26:43.000 Ultimately, I think Barack Obama and the government have mentioned a desire to Give money to the states, and I think some of this new bailout bill, stimulus bill, whatever they call it, if they're passing, I think it has some money for the states, so that the states don't have to make cuts.

00:27:02.000 Well, that's the wrong thing to do.

00:27:04.000 The states need to make cuts.

00:27:06.000 The states are bloated.

00:27:08.000 You know, we need reductions there.

00:27:10.000 If we're just going to print money and give it to the states so they don't make necessary cuts, We're just making the underlying problems worse.

00:27:18.000 And that's just going to inflate the currency more, isn't it?

00:27:21.000 Well, that's all they're doing.

00:27:22.000 They have to print money.

00:27:23.000 Now, they're hoping that they can keep borrowing the money from the Chinese and the Japanese and the Saudis, but the world is suffering right now from all the money they loaned us in the past that we can't pay back.

00:27:35.000 Why should they sign up to loan us even more?

00:27:37.000 Could it get to Zimbabwean level?

00:27:41.000 It could.

00:27:41.000 I mean, there's no difference between our money and theirs.

00:27:44.000 It's just paper.

00:27:46.000 I'm hoping it doesn't get that bad, but it will get that bad if we do not change course.

00:27:51.000 We need to make a conscious decision to reverse our course and to accept whatever pain the recession is going to dole out, because there's no way around it.

00:28:04.000 It's trying to avoid the pain, trying to accept from dealing with reality.

00:28:08.000 That's why you end up with a hyperinflation scenario, because you refuse to bite the bullet.

00:28:15.000 And so instead, you know, you die from the wound.

00:28:17.000 Yeah, I've got a list of the $900 million now stimulus package, and it's for cities to build new golf courses, like right here in Austin, a river walk.

00:28:29.000 Yeah, I mean, think about it.

00:28:31.000 Think about how ridiculous that sounds. 0.77

00:28:33.000 We are in an economic, we're in trouble, right? 0.61

00:28:36.000 We've borrowed and spent too much money.

00:28:38.000 We need to, you know, to dig in our horns, we need to sacrifice, we need to save more and stop spending.

00:28:43.000 And what's their solution?

00:28:44.000 build more golf courses I mean, they've got to be crazy!

00:28:49.000 How is another golf course going to make us more productive?

00:28:52.000 We need a factory.

00:28:53.000 We need to make things.

00:28:54.000 We don't need more golf courses.

00:28:55.000 You know, we've got plenty of golf courses.

00:28:58.000 Well, people aren't going to have money to spend at the golf course.

00:29:02.000 Well, we don't have the money to build the golf courses.

00:29:05.000 How are we going to use the golf courses to pay for our exports?

00:29:08.000 Are the Japanese really going to fly over here to play golf in our courses?

00:29:12.000 This is nonsense!

00:29:14.000 Also, this is a global implosion.

00:29:17.000 Japan is on the edge of the abyss.

00:29:19.000 Russia's plunging into it. 0.75

00:29:21.000 China's growth rate is projected to go from 10% to 4%.

00:29:24.000 There's going to be more golf courses.

00:29:25.000 Why don't we build more polo fields?

00:29:29.000 And how about marinas so we have more places to put our yachts?

00:29:36.000 Sir, that's actually in there.

00:29:37.000 It's actually in there for yacht marinas, so they are going to do that.

00:29:42.000 Because, you know, they've stolen all this money from us, they're going to need to park their yacht somewhere.

00:29:47.000 Peter Schiff, stay with us.

00:29:49.000 We'll be right back with more key information and your calls.

00:29:53.000 We're on the march.

00:29:54.000 The Empire's on the run.

00:29:57.000 Alex Jones and the GCN Radio Network.

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00:31:06.000 9-11 was an inside job.

00:31:08.000 Do you like being a puppet, sir?

00:31:10.000 Do you like being a puppet for the New World Order?

00:31:11.000 How do the American people know that 9-11 was a stage?

00:31:14.000 It was engineered by you, David Rockefeller, the Trilateral Commission, the CFR.

00:31:18.000 The day that we stop asking questions is the day that we have allowed the seeds of despicism to grow at our own door.

00:31:27.000 Seven years after the attacks of September 11th, a global awakening has taken place.

00:31:32.000 An inside job.

00:31:35.000 I love you.

00:31:36.000 How dare you?

00:31:37.000 If you know that there's treason going on, you can be held accountable for treason yourself.

00:31:44.000 All hell is breaking loose on 6th Avenue.

00:31:47.000 And if the government has not told the truth in 5 years, we will be here on the 10th anniversary of... Truth Rising.

00:31:53.000 Download the film at PrisonPlanet.tv right now.

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00:33:05.000 From his Central Texas Command Center, deep behind enemy lines, the information war continues.

00:33:11.000 It's Alex Jones and the GCN Radio Network.

00:33:18.000 TheObamadeception.net, that's our new website for the Obama film that I'm making.

00:33:25.000 Your phone call is coming up here in a few minutes with Peter Schiff, acclaimed economic researcher, writer, and of course he also manages a multi-billion dollar fund.

00:33:34.000 Mr. Schiff, Specifically Barack Obama, whether he's a nice guy or a bad guy, we know he's appointing more globalists, more of the same people.

00:33:44.000 Timothy Geithner, who engineered much of the economic crises we now see, who lobbied to get rid of the different acts in the 1990s that allowed all of this derivative manipulation to expand, as you know, but for the audience,

00:34:03.000 He is now coming out and saying Obama warns of catastrophe without stimulus, without these, literally here in Austin, Frisbee golf courses.

00:34:16.000 You couldn't make this up.

00:34:18.000 Yacht clubs.

00:34:21.000 Political payoffs.

00:34:22.000 Buying off churches.

00:34:23.000 I mean, this is just a big political payoff.

00:34:25.000 The biggest pork ever seen.

00:34:26.000 Of course, it's this $900 billion is a distraction compared to the trillions the Federal Reserve has taken.

00:34:31.000 They won't say where it's gone, but I want you to talk about that separately.

00:34:34.000 Barack Obama.

00:34:36.000 A, what do you think of what he's doing?

00:34:38.000 He lobbied for the original banker bailout.

00:34:40.000 Now he's criticizing the banker bailout. 0.90

00:34:42.000 I mean, how hypocritical is that?

00:34:44.000 Him claiming he's not involved in the October 3rd banker bailout, but he was actually instrumental in honchoing it through Congress.

00:34:52.000 We have the video clips to prove it of him on the floor of the Senate.

00:34:55.000 And where do you see all this going?

00:34:57.000 These guys have the guts.

00:34:59.000 I mean, McCain, I was on Kudlow's show yesterday.

00:35:01.000 McCain was on and, you know, he's talking against the bailout.

00:35:04.000 But, I mean, he made a point that he stopped his campaign to go back to Washington to vote for it.

00:35:09.000 And, you know, and now he's against it.

00:35:11.000 But, you know, first I just want to correct something that you said.

00:35:13.000 I don't manage a fund.

00:35:14.000 I don't.

00:35:15.000 I own a brokerage firm, Europe Pacific Capital.

00:35:17.000 We're a brokerage firm.

00:35:18.000 Individual investors, you know, put up accounts with me.

00:35:21.000 They can invest in foreign stocks, domestic stocks if they want, with self-precious metals.

00:35:25.000 But we're just a full-service retail investment firm.

00:35:28.000 I don't manage any money at all.

00:35:30.000 Got it.

00:35:32.000 Anyway, although I am starting, I just actually set up a registered investment advisor.

00:35:36.000 So it is my intention to start managing money, but I haven't managed any to date, except my own.

00:35:43.000 But in any event, what's happening right now with Obama and government in general is they are using this economic crisis as a means to get a big government agenda passed.

00:35:59.000 And this is playing right into their hands.

00:36:03.000 It's music to their ears.

00:36:05.000 Politicians love a crisis, especially when they can say the only solution is more government.

00:36:09.000 And unfortunately, the crisis is going to get worse.

00:36:14.000 The more government we get, the bigger the problem.

00:36:16.000 And of course, that is exactly what the government wants.

00:36:19.000 The worse they make the economy, the more justification they have to get even more powerful and even more government.

00:36:26.000 So they can't lose.

00:36:27.000 The politicians can't lose.

00:36:28.000 The worse they make it, the better they off they are.

00:36:31.000 Peter, say that again in your own words.

00:36:33.000 You're really overdriving the phone.

00:36:34.000 I need you to back off again.

00:36:35.000 I'm sorry to stop you.

00:36:36.000 I mean, flesh that out.

00:36:37.000 Take your time explaining that, because that's key.

00:36:40.000 And explain why this is actually good for them, but not for the rest of us.

00:36:44.000 Go ahead.

00:36:45.000 Right. 1.00

00:36:46.000 Well, if you look at the government, government is like a parasite or a cancer. 0.96

00:36:50.000 And the rest of us are the host. 0.94

00:36:52.000 And what's good for the parasite is not necessarily good for the host.

00:36:56.000 They want to get bigger, and they're going to feed off of us.

00:37:00.000 And the more government they create to solve the problem, the bigger the problem is going to become.

00:37:08.000 And so the worse they make the economy, the more they create the need for government solutions to solve it.

00:37:15.000 And so the government can't lose in this situation, unless, of course, we vote them out.

00:37:20.000 But in general, we won't do that.

00:37:22.000 I mean, Roosevelt proved that.

00:37:23.000 He got elected, what, four times, despite the fact that he kept making the situation worse.

00:37:28.000 Because he got the voters so fearful that the only thing standing between them and starvation was Roosevelt and the big government.

00:37:36.000 And so, the worse they can make the economy and the more dependent we think we are on government, the less likely we are to throw them out.

00:37:43.000 It's like, you know, they're the slaves and they're the masters and they make the slaves think that we're dependent on them.

00:37:50.000 This is a very dangerous time to be an American, because they are going to seize a lot of control and a lot of power, and we're going to lose a lot of individual liberties that we may never get back.

00:37:59.000 Our economy is going to continue to move away from a market-based economy to a centrally planned economy, and economic decisions and resources are going to be allocated and invested not based on individual entrepreneurs seeking profits, but politicians seeking votes.

00:38:16.000 And this is not how to have a vibrant, efficient economy where living standards grow.

00:38:20.000 This is the recipe for disaster.

00:38:23.000 This has not been the free market or American way and that brings me specifically to the fact they blame this on the free market.

00:38:30.000 They say the free market did this and then Gordon Brown and Barack Obama come out and say we have to merge the free market with government socialism with more regulation when they didn't even follow their own regulations and when the government paid corporations tax incentives to move offshore So, I mean, all of this being set up, and now they come in to the rescue for a problem they engineered to begin with.

00:38:55.000 Yeah, it's always, you know, the free market always takes the blame when you introduce government into the market.

00:39:03.000 And then there's a problem.

00:39:04.000 It's always the capitalism that gets the blame, but it's not capitalism.

00:39:09.000 It's the government mixed in.

00:39:10.000 It's the mixture of socialism and capitalism.

00:39:12.000 Capitalism doesn't work.

00:39:14.000 When government interferes, I mean, there are a lot of natural forces that make capitalism work, but the government comes in and gets in the way of those forces.

00:39:24.000 It circumvents them, and it leads to the excess of risk-taking and the excess of leverage that never would have come into existence if it were not for government intervention.

00:39:34.000 And of course, they come into the market and they subsidize something and they tax something else, so they interfere with rational decision-making.

00:39:44.000 They micromanage, and they cause businesses and individuals to do things that, absent government regulation, they wouldn't have done.

00:39:53.000 And so they blow up all these bubbles, and then the bubbles burst.

00:39:56.000 And then when we have a problem, they say, ah, you see, it's because of capitalism.

00:40:00.000 If it was really a capitalist economy, we never would have had the bubbles, and so they would never have to burst.

00:40:06.000 Peter, I specifically want you to speak to Obama, though.

00:40:09.000 I mean, what was it like for you to watch him on television helping ram through the banker takeover bill that gave him all these trillions in anonymity and secrecy, and then months later they're saying, we've got to have another bailout now, and he's on TV criticizing the bankers and brokerage firms for giving themselves record bonuses. 0.99

00:40:28.000 I mean, how stupid does he think the public is? 0.95

00:40:31.000 It's like, what did they think they were going to do with that money? 1.00

00:40:36.000 Right?

00:40:37.000 I mean, what did they think they were going to do with it?

00:40:38.000 I mean, you know, they gave them a bunch of money.

00:40:40.000 They didn't think they were going to pay themselves.

00:40:42.000 You know?

00:40:43.000 I mean, that's how these guys work.

00:40:47.000 You know, so it's amazing.

00:40:49.000 It's like, you know, you're playing with a snake and the snake bites you and you're surprised.

00:40:57.000 But more than that, Obama got, depending on which index you look at, Obama got four times the Wall Street money that John McCain got Yeah, well look, this is how politicians are.

00:41:07.000 his cabinet is filled with the very group that engineered under Clinton the changes that we now see coming to fruition.

00:41:13.000 I mean, can you speak to that, to have him claiming he's against the banking establishment and the brokerage firms and the derivatives people, when he really is their man?

00:41:22.000 Yeah, well, look, this is how politicians are.

00:41:25.000 That's politics.

00:41:26.000 And unfortunately, the economic problems that were a consequence of bad government policy, mainly the Federal Reserve, I mean, look at all the new powers that the Federal Reserve has now, specifically because of the problems that they helped create.

00:41:42.000 You know, it's like, you know, all we do is we turn over the keys of the asylum to the inmates, and that's what's going on.

00:41:49.000 You made a point earlier, but I'd like you to expand on that, and then we're going to take some phone calls.

00:41:54.000 That they love what's happening.

00:41:58.000 That the fact that the crisis is deepening allows them to expand their powers.

00:42:02.000 Flesh that out a bit.

00:42:04.000 Well, I mean, this is what happens with government.

00:42:07.000 I mean, government, you know, they can grow when there is a crisis or an emergency.

00:42:12.000 I mean, if you look at all throughout history, all the additional powers that the government usurped over the years, all the new taxes that they were able to pass, It was always during some type of crisis, some type of emergency.

00:42:25.000 In general, it's a war.

00:42:26.000 You know, and the governments are generally able to do things in wartime that they can never do in peacetime, because people don't oppose them, because they always make it about the war.

00:42:35.000 And therefore, anybody who opposes what they're doing is, you know, they're trying to make it about, well, they don't care.

00:42:40.000 I mean, or, you know, how can you oppose new taxes when there are people dying, you know, in a war?

00:42:45.000 I mean, at least you're not, you know, you're not on the front.

00:42:48.000 you can at least support the troops by paying more taxes, and they appeal to your patriotism.

00:42:52.000 And so the government's allowed to usurp a lot of power.

00:42:55.000 And then, of course, when the wars end, they never give up the extra power, the wartime powers or the wartime taxes.

00:43:01.000 They just find new ways to spend the money.

00:43:04.000 So once the war is over, they don't have to spend the money on the military, but they spend it on something else.

00:43:08.000 They don't give it back, you know.

00:43:09.000 Mr. Schiff, was it economic terrorism?

00:43:13.000 Mr. Schiff, I see it as economic terrorism to have Barack Obama, John McCain, and others cheerleading around on television back in October of 2008, saying, you've got to pass the banker takeover bailout bill or we're going to have a depression next week.

00:43:30.000 And then they pass the bill on Friday, Bush signs it on Saturday, and the Treasury Secretary says now we're not using it to unclog the subprime mortgages and the derivatives.

00:43:41.000 We're not going to tell you what we're going to spend it for.

00:43:43.000 I mean, now they're back terrorizing us again.

00:43:45.000 Yeah, I mean, it was really, it was really basically a bait and switch, is what it was, you know, the whole time.

00:43:53.000 And, you know, I criticized the plan when they first proposed it.

00:43:56.000 I said it wouldn't work because it was impossible to buy these troubled assets because you'd have to overpay for them, otherwise you would bankrupt all the entities you were trying to Bail out, so there's no way the government can make a profit on it.

00:44:07.000 But if you remember the way they sold it to us, you know, when it didn't pass and the Dow Jones dropped about 1,000 points, I think it went from 13,000 to 12,000 or something, they said, aha, you see, the Dow collapsed because we didn't pass it, so now we need to pass it to help the stock market.

00:44:22.000 Well, they passed it, and the Dow is less than 8,000 right now.

00:44:26.000 So, obviously, they tried to convince us that we needed to pass that bill because we had to get the stock market to go back up.

00:44:32.000 But, you know, look where the stock market is now, even though we have the bill.

00:44:36.000 And now they're claiming that the American people are on the hook for these trillions and trillions of dollars in interest to the very banks that we loan the money to, and then the banks, the big international banks, won't tell Congress where the money is.

00:44:53.000 Yeah, I mean, look, I mean, there's no transparency here in this process, and the whole thing is it's co-opted.

00:45:00.000 I mean, right now there's a big debate Over executive pay and bonuses and, you know, can companies take government money and then pay big bonuses?

00:45:08.000 And, you know, this is a debate that we shouldn't even have because it shouldn't even be an issue because none of these companies should have got any government money in the first place.

00:45:16.000 They should have been allowed to go bankrupt.

00:45:17.000 But now we bail them out and now we have the government getting involved in the decision making, you know, versus pay.

00:45:25.000 Now they're telling some of these companies they have to cancel some of these sales conferences they had in Vegas or in Miami.

00:45:33.000 But this is just the beginning.

00:45:34.000 The government is going to get involved in every aspect of running these companies.

00:45:38.000 It would have been better to let the companies go bankrupt and let these resources be reallocated in the private sector.

00:45:45.000 Now we're entrenching them in the government sector where they're never going to be efficient.

00:45:49.000 Let's expand on that a little bit.

00:45:51.000 Look what happened with Fannie Mae and Freddie Mac with quasi-government control, and they say that's one of the big sources of all of this.

00:45:58.000 They're saying they're going to give bailouts to auto companies, but then control even who they can sell a car to.

00:46:03.000 So we see the entire economy basically being taken over by government, and then through extension... And the crazy thing about it is they're saying, look, we want to put strings on the money that we give to Ford and General Motors.

00:46:15.000 We want to tell them how to make cars.

00:46:17.000 We want them to make fuel-efficient cars or something like that.

00:46:20.000 So, somehow, Washington, D.C., these guys can't even make a profit running the post office.

00:46:27.000 Somehow we're going to put the people who are in charge of the post office in charge of the auto industry, and somehow they're going to do a better job than the people who have been running it in the past.

00:46:36.000 I mean, come on, give me a break!

00:46:39.000 The government doesn't have a clue what kind of cars people should make.

00:46:42.000 They don't even know how to make a car at a profit.

00:46:44.000 These are decisions that need to be made in the free market by entrepreneurs that have a risk of losing money.

00:46:53.000 Peter, I want to go to calls here in the last 10-15 minutes with you, but before we do that, briefly, they know things are imploding, they know they're collapsing, and then as you said, they're going to be able to consolidate the power and actually use this crisis for themselves at the expense of our civilization, it appears.

00:47:09.000 The 20,000 troops that NORTHCOM says they want to use against the American people, the Army War College saying they're getting ready.

00:47:15.000 to engage the American people.

00:47:17.000 These are amazing developments.

00:47:19.000 A bill's introduced to merge local police into FEMA centers and FEMA camps for mass relocation.

00:47:25.000 I mean, this is the stuff of conspiracy theory, but it's now front-page news.

00:47:29.000 The Wall Street Journal came out last week and said the answer to the imploding economy is a new bubble into a North American union in a marrow.

00:47:37.000 So, your take on that?

00:47:39.000 I mean, I don't think that's going to happen.

00:47:41.000 I mean, who knows? 0.99

00:47:42.000 I mean, I think there's a lot of rumors there and, you know, conspiracy theories, but I don't think the Canadians would be stupid enough to go for it. 0.98

00:47:49.000 And I don't think the Canadian citizens would go for it. 0.97

00:47:52.000 I mean, there's a lot of resentment of the U.S.

00:47:53.000 So, number one, I don't think Canada's going to do it.

00:47:56.000 So, you know, I don't know that we're going to have a union with Mexico.

00:47:59.000 I mean, I just don't, you know, a union, the U.S., you know, coming together with Mexico.

00:48:04.000 I don't know.

00:48:05.000 It just doesn't, I don't even think that that's in the cards.

00:48:09.000 Well, they're now proposing.

00:48:10.000 I think there's more of a chance of our union breaking up.

00:48:14.000 I mean, I think over the next five to ten years, you might see some states, Alaska, Texas, various states, trying to break away from the United States and leave.

00:48:27.000 I think it's more likely that the union we have now gets smaller and that we include other countries.

00:48:33.000 Oh, absolutely.

00:48:34.000 There's a lot of government reports saying that the United States may break up into pieces.

00:48:38.000 Of course, the globalists will love that.

00:48:39.000 They'll just snap up the pieces that are left.

00:48:42.000 Kerry in Georgia, you're on the air with Peter Schiff of Europe Pacific Capital.

00:48:48.000 Go ahead, Kerry, if you want to talk.

00:48:50.000 I've worked for PrisonPlanet.tv for three years, and I just love your work.

00:48:56.000 My question for Mr. Schiff, I've noticed that there's been a lot of foreclosed homes in my area and that they're now selling for a third of half of the value.

00:49:10.000 I've been making an extra two and a half payments a year on my mortgage and I've gotten a lot of equity built up and I'm wondering what's happening to the equity that is built up in my home.

00:49:22.000 Well, I don't know.

00:49:23.000 I mean, whether the equity is there or not, I mean, just because you're paying down your mortgage doesn't necessarily mean you're building equity.

00:49:28.000 I don't know what you pay for your house, and I don't know what you can sell it for.

00:49:32.000 I mean, your house, you know, you could have negative equity in your home, despite the fact that you've been making all these extra payments.

00:49:37.000 It all depends on what you pay for your home and how much you bought for it.

00:49:41.000 You might have overpaid for it.

00:49:42.000 I don't know.

00:49:44.000 Let me give listeners a tip and then Peter continue.

00:49:47.000 People are going to the bank and making them renegotiate the value of the home or they're threatening to walk away and banks are buckling.

00:49:54.000 Peter?

00:49:56.000 Yeah, look, you know, the borrower has all the cards, particularly the borrower with little or no equity in their homes.

00:50:03.000 You know, you can simply go to your bank and say, look, If you want me to keep making the mortgage payment, you better renegotiate the mortgage.

00:50:11.000 The key is, in the past, you really couldn't do that.

00:50:15.000 If they renegotiated the mortgage, the difference between what you used to owe and what you owe now would have been taxable income, and you would have had a big tax bill.

00:50:24.000 But the government put a stop to that for five years or so.

00:50:29.000 Americans have a window of opportunity where there's no downside to threatening your lender.

00:50:35.000 Because, you know, you can get a lower mortgage.

00:50:38.000 Worst case scenario, you just walk away.

00:50:40.000 You know, just give the house to the lender, which is what they don't want.

00:50:43.000 But you can give them an asset that has negative value.

00:50:46.000 And there's plenty of houses on the market to rent.

00:50:48.000 I mean, most people would be better off renting anyway.

00:50:51.000 Chances are, you can find a home that's as nice or nicer than the one you live in now, where the rent is lower than your mortgage.

00:50:58.000 All right, stay there, Peter.

00:50:59.000 Final segment.

00:51:00.000 We're called straight ahead.

00:51:03.000 This is an extremely urgent self-reliant news bulletin.

00:51:03.000 Attention.

00:51:06.000 If you have ever wanted to produce your own cheaper-than-dirt survival food, this is going to be the most important message you will ever hear.

00:51:14.000 Here is why.

00:51:15.000 This network has just learned of a new video course that reveals the secrets of how to safely prepare and store all types of survival foods in an event of social unrest and food shortages here in the U.S.

00:51:25.000 Grain shortages and hunger are spreading across the globe.

00:51:28.000 Will troops guard the food supplies in the U.S.

00:51:30.000 this fall?

00:51:31.000 Don't wait.

00:51:32.000 Learn the food shortage skills that can keep you and your family alive in a crisis.

00:51:36.000 Get the details at foodshortageusa.com.

00:51:40.000 That's foodshortageusa.com.

00:51:42.000 Or you can call toll-free 877-327-0365.

00:51:47.000 Don't wait for empty shelves.

00:51:49.000 Go to FoodShortageUSA.com while you still have time.

00:51:53.000 www.FoodShortageUSA.com or toll free at 877-327-0365.

00:51:59.000 Act now.

00:52:01.000 A day unlike any other in the long course of American history, a terrorist act of war against this country.

00:52:09.000 The enemy struck America on September 11th.

00:52:11.000 But who is the enemy?

00:52:13.000 Bin Laden.

00:52:14.000 This is his M.O.

00:52:15.000 We have to look to the Middle East.

00:52:16.000 We have to look to Osama Bin Laden. 0.93

00:52:18.000 Fabled Enemies is the first 9-11 film to take a close look at the terrorist ties to intelligence networks inside the United States.

00:52:25.000 Some U.S.

00:52:26.000 investigators believe that there are Israelis again very much engaged in spying in and on the U.S.

00:52:32.000 I'm aware that some Israeli citizens have been detained.

00:52:35.000 Bin Laden's connections to the CIA, the hijackers' ties to the FBI, the Saudi Arabian connection, the Israeli intelligence network, warnings and war games, the shadow government, and much, much more.

00:52:46.000 Fabled Enemies.

00:52:47.000 Get the DVD at Infowars.com or see it in super high quality along with hundreds of other titles at PrisonPlanet.tv.

00:52:54.000 Either you are with us or you are with the terrorists.

00:53:03.000 Millions of Americans are beginning to realize the enormity of the economic and political problems facing the U.S.

00:53:08.000 and the world.

00:53:09.000 And for the first time in their lives, they are feeling the need for preparedness.

00:53:13.000 Ready Reserve Foods has been in continuous operation, manufacturing the finest and dehydrated foods for almost 40 years.

00:53:19.000 Ready Reserve is the manufacturer.

00:53:21.000 Unlike other companies that just broker canned foods, Ready Reserve controls the quality from start to finish.

00:53:27.000 with double enameled cans and nitrogen packaging.

00:53:29.000 When purchasing from Ready Reserve Foods, you are buying factory direct at wholesale prices.

00:53:34.000 Other companies are quoting delivery times of one to two months, while Ready Reserve ships within five business days.

00:53:40.000 Many companies do not even offer a catalog.

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00:53:46.000 Dial 1-800-453-2202.

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00:53:57.000 Call us at 1-800-453-2202.

00:54:01.000 Up on screen at PrisonPlanet.tv, we have the new website, theobamadeception.net.

00:54:13.000 TheObamaDeception.net.

00:54:15.000 You can read about the film, watch the trailer in high quality, read articles on Obama, our proof, a straight scoop.

00:54:26.000 Our guest is Peter Schiff.

00:54:28.000 Before he leaves us in about five minutes, we'll put his website up on the screen for you, europec.net.

00:54:35.000 Peter, I want to take one or two final calls for you, but just very briefly.

00:54:42.000 Good case scenario, how bad is it going to get?

00:54:44.000 Worst case scenario, how bad will it get?

00:54:46.000 Just summed up.

00:54:48.000 Well, worst case scenario, it was really bad.

00:54:50.000 I mean, you know, hyperinflation, our money being worthless, Uh, you know, that's bad.

00:54:56.000 I mean, you know, I mean, look what happened in, in, in Germany.

00:54:59.000 Well, why about Republic Germany when they had hyperinflation?

00:55:02.000 They ended up with Adolf Hitler.

00:55:03.000 You know, I mean, I don't think it's gonna, I mean, I don't think it could be that bad, but it just shows you that, you know, bad things can happen when you, when you get a country that's in that bad a shape.

00:55:13.000 I mean, the, the, the environment, the economic environment that allowed someone like a Hitler to come to power. 0.91

00:55:19.000 He never could have come to power if they didn't have that economic situation.

00:55:27.000 There's a lot of danger to our liberties, to our way of life, based on how bad these things could get.

00:55:33.000 Best case scenario?

00:55:34.000 Best case scenario would be the government comes to its senses at some point.

00:55:39.000 They realize that the stimulus and bailouts are making the situation worse.

00:55:43.000 We reverse course.

00:55:44.000 We cut government spending.

00:55:45.000 We increase interest rates.

00:55:47.000 We let the chips fall where they may.

00:55:49.000 We suck it up and we suffer a very severe economic downturn.

00:55:53.000 We stop buying stuff and we roll up our sleeves and go back to work and rebuild a viable economy, recapture our role in the world and make a country that our children can be proud of and be prosperous in.

00:56:09.000 It's not a complete lost cause yet.

00:56:10.000 We can still hope, but there's no way to get from where we are now to where we want to be without going through a lot of pain.

00:56:17.000 We can go through more pain if we do it the government's way, or we can go through less pain if we do it the free market way.

00:56:23.000 And Obama says he's going the government way.

00:56:27.000 Oh yeah, because that's the only way they think.

00:56:30.000 See, Obama's out making speeches.

00:56:32.000 He's saying that unless we act, it's going to get a lot worse.

00:56:35.000 You know, it's going to get a lot worse whether we act or not.

00:56:38.000 It's just that if we do act, it's going to get even worse than if we don't act.

00:56:43.000 Well, we saw that back in October.

00:56:44.000 They passed the Banker Takeover.

00:56:45.000 Look what happened.

00:56:46.000 Let's talk to Michael and Mass.

00:56:49.000 You're on the air with our guest.

00:56:51.000 Go ahead.

00:56:53.000 Peter, Alex, how's it going today, guys?

00:56:55.000 We've got about a minute and a half.

00:56:55.000 Good.

00:56:57.000 I want to say something real quick.

00:57:00.000 In order for people to stop listening to the Davos folks, the Bilderberg Group folks, the people who set us up to fail and then try to act like our saviors, it seems to me that In order for people to turn away from them, those people have to come under a certain degree of ridicule and need to be kind of dethroned in the eyes of the public.

00:57:22.000 I had an idea for Peter, and I know he's a big friend of Ron Paul.

00:57:27.000 When Ron Paul's in front of the House Banking Committee with Bernanke, why doesn't he just say, hey Ben, what are you guys doing at the Bilderberg Group?

00:57:37.000 Before anything else happens and you give away any more money.

00:57:41.000 I videotaped him going in there setting policy last year.

00:57:46.000 What about calling for criminal charges for the rules that have been broken, the laws that have been broken, all the insider trading, all the corruption, Peter?

00:57:53.000 We should be talking about these people being in trouble instead of them posing as the saviors.

00:57:58.000 Peter?

00:57:59.000 Yeah, look, I mean, we need to confront the Fed about a lot of things that they've done wrong, but unfortunately they've been given even greater power, and now the Federal Reserve works in conjunction with the Treasury, so instead of having an independent central bank, the central bank is totally captured by the politicians.

00:58:15.000 They work, you know, hand-in-hand with the Treasury Department.

00:58:18.000 And, you know, the whole idea behind the Fed was that it was going to be independent to keep the politicians in check.

00:58:26.000 And now they're able to run amok because the Federal Reserve is basically, you know, going along with the ride.

00:58:32.000 All right, Peter Schiff, we really appreciate you spending time with us.

00:58:35.000 Take care.

00:58:36.000 Sure thing.

00:58:37.000 We'll be right back.

00:58:38.000 Stay with us.

00:58:43.000 Thank you for listening to GCN.

00:58:47.000 Visit GCNlive.com today.

00:58:52.000 Hello, friends.

00:58:52.000 This is Alex Jones.

00:58:54.000 I've told you for a long time it's important to be self-sufficient, and today that's more important than ever.

00:58:58.000 We need to be independent, and food and water is the key.

00:59:01.000 You'll never have to stand in a bread line if you have your own bread.

00:59:04.000 You'll never have to go to the Superdome and beg for FEMA to take care of your family in any emergency.

00:59:09.000 If you simply prepare.

00:59:10.000 No one is going to take care of your family in the final equation but you.

00:59:14.000 You know eFoodsDirect.com is still able to ship storable food that's safe from E. coli, salmonella, genetic alteration, or Chinese imports. 1.00

00:59:21.000 And they do it at almost half the cost of last year's grocery prices.

00:59:24.000 Call 1-800-409-5633.

00:59:27.000 Or, on the web, go to efoodsdirect.com.

00:59:29.000 Visit efoodsdirect.com and look over the fine list of high-quality, freeze-dried, and dehydrated foods they have to offer.

00:59:35.000 Watch the free videos, look at their online catalog, or give them a call at 1-800-409-5633.

00:59:39.000 Again, 800-409-5633, or on the web at efoodsdirect.com.

00:59:40.000 Take action today.

00:59:41.000 Again, 800-409-5633 or on the web at eFoodsDirect.com.

00:59:47.000 Take action today.

00:59:48.000 The first step is getting storable food.

00:59:50.000 The first step is getting storable food.

00:59:57.000 Alex Jones on the GCN Radio Network.

01:00:00.000 We are now into the fourth and final hour simulcasting at PrisonPlanet.tv.

01:00:12.000 We have Peter J. Wallison from American Enterprise Institute joining us to talk about his perspective on the Banker Takeover.

01:00:23.000 Pardon me, my producer's telling me something.

01:00:25.000 Come on in here and tell me.

01:00:28.000 Yeah, he's coming up next segment.

01:00:29.000 Great.

01:00:31.000 Fantastic.

01:00:33.000 But right now, for the next four minutes, let's go ahead and go to Ted Anderson with an update on what's happening in the gold and silver market, Midas Resources.

01:00:46.000 Ted, 30 years in the gold and silver business.

01:00:49.000 Again, he still has gold.

01:00:50.000 He bought back when gold was $838.35, but it is almost all gone.

01:00:55.000 Well up, right up there at $910 an ounce.

01:00:58.000 Today, and folks, don't wait until the economy implodes.

01:01:02.000 Don't wait until everything completely falls apart and the paper money can't buy silver and gold.

01:01:07.000 Move some of your assets today into gold and silver, and I can't find a better place or a better deal on physical holding of gold and silver.

01:01:15.000 Ted, tell folks about today's offer.

01:01:17.000 Yeah, I sure will.

01:01:19.000 Well, what we have going on right now is I do have, like you said, I have some of those Franks and some of those Sovereigns left at that 830 level.

01:01:27.000 Interestingly enough, we did have a little dip down there below 900, and I was able to pick up some Maple Leafs and Eagles and that kind of thing.

01:01:36.000 There's a new coin that's coming out of the U.S.

01:01:38.000 Mint that's a replica of the $20 St.

01:01:41.000 Gaudens.

01:01:41.000 It's a high-relief coin, beautiful.

01:01:42.000 I'm hoping to get a bunch of those.

01:01:44.000 But right now, at this particular time, I mean, you just watch it, it dips back, and boom, it just forwards back up again.

01:01:51.000 And the phones are ringing, people want the gold right now, and I would suggest that everybody get in on it.

01:01:57.000 There just isn't enough good news out there in the economy that would force gold to drop, you know, significantly down anymore.

01:02:04.000 Everything is up.

01:02:05.000 And so, yeah, right now, if you want to get on something, get in on something that is underpriced and at a good value at this time.

01:02:13.000 Those francs, smaller gold pieces, they're a fifth of an ounce of gold.

01:02:16.000 They're sitting at $217.

01:02:18.000 And the British Sovereign is at $265.

01:02:23.000 Going into the marketplace now, that gold is at $910.

01:02:25.000 The same coins.

01:02:27.000 The franc right now would be at $228.

01:02:28.000 British Sovereign would be at $279.

01:02:34.000 Silver is just a fantastic buy at this time.

01:02:38.000 And by the way, Ted, it is in the news that most places are sold out or they have anything.

01:02:44.000 There's huge premiums.

01:02:46.000 People are getting this under the regular price instead of just with a premium or no premium.

01:02:51.000 I mean, you're doing this because you've got so many connections around the world that other people don't have.

01:02:56.000 Folks, you're not going to find deals like this anywhere else.

01:02:59.000 800-686-2237.

01:03:01.000 Yeah, all I can say about it, Alex, right now, is that there's times when I buy this stuff and the gold and silver bumps up.

01:03:11.000 I mean, you can't even find this stuff at garage sale prices on eBay for what I'm selling it for.

01:03:16.000 And the reason why that is is because every time I see a dip, I'm a buyer.

01:03:21.000 And I just trust in the fact that the United States government is going to screw things up even worse and push the prices even higher.

01:03:29.000 I'm not afraid to take on inventory.

01:03:31.000 With that type of circumstance going on, I don't think the people that are listening to this show should be afraid of that either.

01:03:37.000 Now is the time to be getting into gold and silver, when the horns and the sirens and the, you know, the air raid sirens are going off, and everything is just pointing at the fact that the United States dollar is in trouble, that the United States economy is even in worse trouble, and the politicians think that spending money and building golf courses and marinas and God knows what else.

01:04:00.000 I mean, look.

01:04:01.000 Let's just start paying for every woman that needs to have an abortion, or wants to have an abortion right now, I should say. 1.00

01:04:06.000 You know, I mean, that's the kind of crap that they're trying to feed down our throat. 0.99

01:04:10.000 They want to buy new cars for each senator. 0.99

01:04:12.000 Green cars.

01:04:13.000 Oh, they're going to make the whole capital green now.

01:04:16.000 Oh my God.

01:04:17.000 This is not going to solve our economic problems.

01:04:20.000 You don't solve your economic problems by spending more money.

01:04:23.000 That's not how you do it.

01:04:25.000 You tighten your belt, and you do things where you're sacrificing, and you get through it.

01:04:32.000 This is crazy.

01:04:33.000 Absolutely.

01:04:34.000 Let me fire out the number to folks.

01:04:36.000 Absolutely.

01:04:36.000 We were going to play your little gold song, Ted, but we ran out of time to do it for you.

01:04:39.000 But 800-686-2237. 800-686-2237.

01:04:46.000 The brokers are there.

01:04:48.000 And, again, you can hold those prices until midnight tonight, Ted.

01:04:50.000 Absolutely.

01:04:51.000 They'll be here waiting for your call.

01:04:52.000 Don't count on the system, folks.

01:04:54.000 Get out of the paper now.

01:04:55.000 800-686-2237.

01:04:58.000 Thanks, Ted.

01:04:58.000 Have you ever thought about what's in your shampoo, soap, or detergent?

01:05:05.000 How about chlorides, dyes, ethanol, sulfates, sodium, formaldehydes, and more?

01:05:11.000 Even fragrance can indicate the presence of some 4,000 separate ingredients, most of which are synthetic.

01:05:16.000 Hi, this is Alex Jones.

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01:05:43.000 Call Calbin Pure Soap for a free catalog at 1-800-340-7091 or log on to 5starsoap.com.

01:05:52.000 Try Calbin Pure Soaps and I'll bet you'll never use any other cleaning products again. 0.94

01:05:57.000 Call 1-800-340-7091 for all your cleaning needs.

01:06:02.000 Today, unlike any other in the long course of American history, a terrorist act of war against this country.

01:06:09.000 The enemy struck America on September 11th.

01:06:11.000 Who is the enemy?

01:06:13.000 Bin Laden.

01:06:14.000 This is his ammo.

01:06:15.000 We have to look to the Middle East.

01:06:16.000 We have to look to Osama Bin Laden. 0.93

01:06:18.000 Fabled Enemies is the first 9-11 film to take a close look at the terrorist ties to intelligence networks inside the United States.

01:06:25.000 Some U.S.

01:06:26.000 investigators believe that there are Israelis again very much engaged in spying in and on the U.S.

01:06:32.000 I'm aware that some Israeli citizens have been detained.

01:06:36.000 ...Laden's connections to the CIA, the hijacker's ties to the FBI, the Saudi Arabian connection, the Israeli intelligence network, warnings and war games, the shadow government, and much, much more.

01:06:46.000 Fabled enemies.

01:06:47.000 Get the DVD at InfoWars.com or see it in super high quality along with hundreds of other titles at PrisonPlanet.tv.

01:06:55.000 Either you are with us or you are with the terrorists.

01:07:02.000 There is growing evidence that Americans would have better health and a lower incidence of cancer and fibrocystic disease of the breast if they consumed more iodine.

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01:07:21.000 and helps provide protection from radioactive iodine from nuclear fallout.

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01:07:30.000 Neutriodine should be used by all ages every day.

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01:07:49.000 That's 888-212-8871.

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01:07:55.000 NutriMedical.com.

01:07:57.000 Your source for the most powerful nutraceuticals and wellness protocols.

01:08:00.000 From a doctor you can trust. .

01:08:04.000 From his Central Texas Command Center deep behind enemy lines, the information war continues.

01:08:10.000 It's Alex Jones and the GCN Radio Network.

01:08:16.000 He was White House Counsel to Ronald Reagan.

01:08:20.000 He's Peter J. Wollison, Coordinator at the American Enterprise Institute's Program on Financial Markets, deregulation, Wollison studies banking, insurance, and the Wall Street Regulation, as General Counsel to the U.S.

01:08:31.000 Treasury Department.

01:08:32.000 He had a significant role in the development of the Reagan Administration's proposals for the deregulation of the financial services industry.

01:08:39.000 He was also General Counsel of the Depository Insurance Deregulation Committee and later served again as White House Counsel to President Ronald Reagan.

01:08:46.000 His latest book is The Competitive Equality, A Better Way to Organize Mutual Funds, or Competitive Equity, excuse me.

01:08:58.000 And so he joins us from the American Enterprise Institute for Public Policy Research.

01:09:04.000 What in the world, from your perspective, is going on right now, and which direction, in your opinion, is Washington going, and is that in the right direction?

01:09:15.000 Well, it depends on the area we are talking about.

01:09:18.000 I think the stimulus package looks like it is going in the right direction, because the Republicans are finally beginning to influence things in the Senate.

01:09:28.000 They obviously lost out completely in the House, but it was nice to see that All the Republicans stuck together and voted against what came out of the House, which was simply a pork-barrel bill.

01:09:40.000 The usual Democratic pork-barrel.

01:09:42.000 And I think the latest polls indicate the American people have recognized it as such.

01:09:49.000 So things are looking a little bit better on the stimulus side.

01:09:53.000 I'd say from Obama's point of view, Things are really falling apart because what happened to him shouldn't happen to a person who had any kind of sophistication in Washington.

01:10:06.000 And I don't know where his advisors were on this, but he allowed the House of Representatives to shape his stimulus bill.

01:10:13.000 And he then had to go out and tell the American people things that weren't true.

01:10:18.000 This is not good for the way to start your administration.

01:10:23.000 You shouldn't go out and lie to the American people about what one of your policies is going to do.

01:10:30.000 They figure it out very quickly.

01:10:32.000 So, now the Senate has gotten a hold of it.

01:10:35.000 There is a lot of debate going on there.

01:10:37.000 It looks like there will be some changes to make it much more tax-friendly.

01:10:43.000 More Republican taxes going into it.

01:10:46.000 Fewer pork barrel projects that came out of the House.

01:10:51.000 Obama will take a big whipping on this one, and maybe he will have learned a lesson, but this is almost irretrievable.

01:10:59.000 You know the old expression, and that is that you never have a second chance to make a first impression.

01:11:05.000 And what the American people are seeing now in Obama is a completely different view than what they had seen during the campaign.

01:11:14.000 Or you never get a fourth chance to make a third impression.

01:11:18.000 I mean, I don't see this as his first big blowout.

01:11:22.000 Almost all of his cabinet or sub-cabinet positions haven't paid their taxes entirely or partially and are having to resign in droves before they're ever even confirmed.

01:11:32.000 I would call that the first big disaster.

01:11:35.000 And then now, people are finding out millions of dollars in Austin, Texas, where I live, for frisbee golf, hundreds of millions for a river boardwalk, tens of millions for a golf course expansion, yacht clubs, Hollywood producer money.

01:11:51.000 I mean, this is the worst pork barrel I've ever seen.

01:11:54.000 Yeah, it's pretty bad.

01:11:55.000 It's pretty bad.

01:11:59.000 Look, for me, for other Republicans, it is kind of humorous to see this happen, but on the other hand, I mean, we only have one president, and I do get a little bit worried that he is losing control of the situation.

01:12:19.000 If we were not in such bad economic straits right now, if things were not and really desperate in terms of the economy, then I wouldn't care one way or the other.

01:12:32.000 But unfortunately, we have to have someone who speaks with one voice for the American government, and he's quickly losing his political capital to get the American people to believe him.

01:12:45.000 Well, he got where he is because he's a great actor and a great performer, and he did what he was told in the Senate.

01:12:51.000 But now those instincts to say yes, yes, yes to everybody, those are the same instincts that made George Bush triple the size of government with the Democrats and destroyed his presidency, and it looks like Obama is looking to top that.

01:13:04.000 Can you speak to that specifically, and then give us your political take on most of the people he's trying to get in the Cabinet and having to step down?

01:13:13.000 Well, yeah, let me just talk about the spending.

01:13:16.000 The spending is going to be terrible if Obama allows himself to be taken for a ride again by the Democrats in Congress.

01:13:26.000 He's got to make a choice now.

01:13:28.000 I mean, he has got to show the American people, who are quite concerned about spending, that he's got a handle on this thing and he's nobody's tool.

01:13:39.000 What happened to him on the stimulus package is that Nancy Pelosi and the Democrats simply harnessed him to go out and tell the American people that what they had written up in this bill was a stimulus package, and that soon got old.

01:13:56.000 I mean, people recognized that that was not true.

01:13:59.000 So, he's going to be in very bad shape.

01:14:05.000 What, however, is happening elsewhere in his administration is also troubling to him, as you suggest.

01:14:13.000 I mean, it isn't actually all his appointees, or even a majority of appointees, but some very important ones didn't pay their taxes.

01:14:24.000 Geithner, who was... Tim Geithner, who was the nominee for Secretary of the Treasury, got through, despite the fact that he had quite clearly ignored his tax obligations.

01:14:36.000 That is a remarkable thing that could happen, because when I was at the Treasury Department, if there was the slightest hint that a person had not met his tax obligations before he applied to have a job of any kind, I don't care whether you're talking about clipping hedges or you're talking about an assistant secretary's job, If you hadn't observed your tax obligations, you were out.

01:15:07.000 You never even got for an interview.

01:15:10.000 And here we have the Secretary of the Treasury, who has set a very, very bad example.

01:15:15.000 He's lost whatever moral authority he might have had.

01:15:18.000 Well, going back to be specific, it's quite a few of the cabinet and sub-cabinet people that haven't made taxes.

01:15:23.000 You're right, it's not all of them or the majority, but it's a large portion of the prominent ones.

01:15:27.000 I was kind of mixing in there other people having to step down, like Yeah, no, it's not good.

01:15:32.000 It's not good.

01:15:32.000 for all these bizarre payments from lobbyists and him getting them big.

01:15:36.000 So, I mean, it's just, and then you've got Blagojevich tied to him, you've got Ram Emanuel tied into all this.

01:15:42.000 I mean, this looks like Chicago, big city machine on steroids now inhabiting D.C.

01:15:47.000 Yeah, no, it's not good.

01:15:49.000 It's not good.

01:15:50.000 And he's got to get control of this thing and show the American people that he's actually trying to have an administration of the kind he talked about and that he hasn't fooled them.

01:16:05.000 This is what happened to Bill Clinton.

01:16:08.000 And you remember that Clinton became exceedingly popular, unpopular, right after he became president.

01:16:14.000 And why was that?

01:16:16.000 And that is because, although he campaigned as a moderate, he campaigned as a Democrat who was more conservative than most, and a free trader and so forth, And the first thing he did when he came in was gaze in the military.

01:16:31.000 And the American people turned to one another and they said, uh-oh, the Republicans were right, this guy's a liberal.

01:16:39.000 And he no longer had any credibility with the American people.

01:16:43.000 That's why so many of his other initiatives failed.

01:16:48.000 And the real danger here for Obama is that he will be perceived the same way, in which case, We will have four years of lack of leadership, and this is not a time when we should be having a lack of leadership.

01:17:04.000 All right, in the time we've got left with you, we're talking to the former White House chief counsel to President Reagan, also head counsel to the Treasury Department separately with the American Enterprise Institute, Peter J. Wollison.

01:17:16.000 He's written quite a few books, the latest one, Competitive Equity, A Better Way to Organize Mutual Funds, put out by AEI Press.

01:17:25.000 I also wrote a book about Reagan.

01:17:26.000 It's on that list, but if your listeners are interested in that, they should be able to find that on Amazon.

01:17:36.000 Absolutely.

01:17:37.000 Now, specifically with the bailout, you've been criticizing the way some of it's being carried out.

01:17:44.000 Yeah.

01:17:45.000 Well, I am of the view that the only way we're going to be able to get the banks to start lending again Is if the banks have more confidence in their own capital, in their own assets.

01:18:01.000 And right now they don't and they can't because their assets are largely mortgages.

01:18:08.000 Mortgage-backed securities that were, that are bad quality and whole mortgages of various kinds.

01:18:19.000 Now when that is true, And the housing market is continuing to fall, then these mortgages begin to default.

01:18:27.000 And when they default, the banks have much less value there.

01:18:32.000 As a result, they all are hoarding as much in the way of dollars as they can, so that if their depositors or their counterparties come in and ask for their money, the banks can pay them off.

01:18:44.000 Otherwise, they're afraid they will be closed and default.

01:18:49.000 So, the only way, I think, to get the banks to start lending is to buy those bad assets off their balance sheets and hold them in a bad bank or hold them in some other kind of account and substitute cash for those assets.

01:19:08.000 In that case, the banks will be much healthier.

01:19:11.000 They will look healthier to depositors and counterparties.

01:19:15.000 They will feel comfortable beginning to lend money.

01:19:18.000 But that's the solution to our problems on the one side.

01:19:20.000 Okay, well, we've got a break.

01:19:22.000 We've got five more minutes with you after the break.

01:19:23.000 When we come back, I want you to get into, on the other side, what's really happening instead of what you're saying should happen.

01:19:29.000 And I want to ask you when we come back, what's going on here?

01:19:35.000 They talk about trillions of dollars, not $850 billion.

01:19:38.000 And the Federal Reserve gets up before Congress and says, we're not going to say where it is.

01:19:42.000 Because the banks are being completely secretive, because they're in such serious financial disarray.

01:19:50.000 So we'll get your expert opinion, former Chief Counsel to the Treasury and to Ronald Reagan, when we come back on the other side.

01:19:56.000 Stay with us.

01:19:57.000 Hi, this is Steve Shank.

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01:24:09.000 Alex Jones on the GCN Radio Network.

01:24:14.000 Peter J. Wallace is our guest.

01:24:15.000 We've got about five minutes left with him and I'm going to get into a bunch of news.

01:24:18.000 Your phone calls and a lot more in the last 30 minutes of the show today.

01:24:24.000 Mr. Wollison, you're saying buy the assets to get the banks going again.

01:24:30.000 Instead they just give them money and then we're told no one can know where it's going or what they're doing with it.

01:24:35.000 Then Obama makes a thing about executive compensation and criticizes the bailout as if he wasn't the guy that helped ram it through.

01:24:43.000 So what's really happening right now?

01:24:44.000 Well, I think the Obama administration is following exactly the wrong policy in trying to limit compensation.

01:24:51.000 I understand why they're doing it.

01:24:53.000 Yes, people are angry because these people are paid so much, but if you want the banks to be able to function, you cannot punish the people who are now in charge of them.

01:25:04.000 The people who are now in charge of them are not the people who caused them all this trouble.

01:25:10.000 They're not the people who lost all this money.

01:25:12.000 They're new people who have come along to try to help out, and if you're going to cut their salaries when they're working 20 hours a day and having to leave their families for long periods of time, it's not going to attract many good people to those institutions, and we need good people there now.

01:25:30.000 Well, sir, I'm not trying to be partisan, because I'm not.

01:25:32.000 I'm a libertarian Ron Paul guy.

01:25:34.000 My issue here is that And you can blame Bush a lot for this.

01:25:39.000 It goes all the way back.

01:25:40.000 But more than that, it really was the Clintons who changed a lot of these rules and who allowed a lot of this stuff to happen.

01:25:46.000 And then they run around, you know, then pointing their finger.

01:25:51.000 But that's a side issue.

01:25:53.000 While we have you here, you were White House Counselor Ronald Reagan.

01:25:56.000 So I know you saw a lot of what went across his desk and what happened.

01:25:59.000 And I have congressional testimony about Rex 84 and things like that.

01:26:03.000 That's all been mainly secret.

01:26:06.000 Now they're openly announcing things like this with bills for FEMA camps, to relocate Americans during collapse of society, continuity of government.

01:26:14.000 It appears the federal government thinks we're going to go into a depression and is gearing up for collapse.

01:26:21.000 Well, I don't know anything about any of those things.

01:26:23.000 Maybe they are happening, but I haven't seen anything like that.

01:26:27.000 And it is actually, though, possible that we could have a depression.

01:26:32.000 That's why the government is acting in such extraordinary ways, why the Federal Reserve is doing so much, why the Treasury Department is spending so much, trying to avoid the possibility of a recession.

01:26:45.000 Because in the 30s, the diagnosis has been that the reason we had this depression in the 30s was that the Federal Reserve did not act.

01:26:55.000 And the government did not act satisfactorily to keep the economy from declining and keep deflation from occurring.

01:27:03.000 So I think what they're doing is necessary, and I'm a conservative, but I don't understand why the Obama administration, when it has a chance to get things started again on a clean slate, Uh, would start now by punishing people on Wall Street who were not responsible for the losses.

01:27:26.000 Well, Mr. Wallace, in closing, you've certainly heard about how they're putting combat brigades inside the U.S.

01:27:31.000 I mean, that's all over the news.

01:27:33.000 You haven't heard about that?

01:27:34.000 No.

01:27:36.000 Uh, have you heard about, uh, That doesn't mean it's not happening.

01:27:41.000 It's just that I'm not reading it in the newspapers that I read and I'm not reading about it in the newspapers or I'm not hearing about it on the radio or seeing it on television.

01:27:50.000 Did you see Market Watch last week when they called for a North American Union to get us out of this crisis?

01:27:55.000 No.

01:27:56.000 That Wall Street Journal online?

01:27:58.000 No, I didn't see that.

01:27:59.000 Well, I mean, there's millions of things I want to say.

01:28:01.000 Oh, how dare you not know about it?

01:28:02.000 I mean, some of this stuff's obscure.

01:28:04.000 My whole point is that the big government folks seem to like crises because then they get to play savior and expand their power.

01:28:11.000 I mean, is there some of that going on with Obama?

01:28:13.000 Yeah, absolutely.

01:28:14.000 I think it is true that for people who are in the government, this is a great opportunity.

01:28:20.000 You heard Rahm Emanuel say It'd be a terrible thing to waste a good crisis.

01:28:25.000 And what they mean by that is they can, especially the Democrats, can take over a much broader part of the economy through regulation and otherwise when there's a crisis.

01:28:35.000 I and many others in Washington are trying very hard to make sure that that doesn't happen.

01:28:41.000 But it's going to be a very tough, very tough fight because there are people who for a long time have wanted to impose much more regulation and many more controls.

01:28:51.000 And this crisis gives them an opportunity to do it because the American people sometimes believe that that's what has to be done in a case like this.

01:29:02.000 But we will get out of this situation in a few years.

01:29:08.000 But if we impose new regulation, that will be with us for 50 years.

01:29:13.000 And that will slow down the growth of our economy and make us a much different society.

01:29:17.000 So I'm quite worried about that.

01:29:20.000 Alright, Peter Wallison, thank you so much for joining us.

01:29:23.000 Folks can find out more about you at www.aei.org.

01:29:28.000 Do you have a personal website or can folks go check out your page on it?

01:29:31.000 That's it.

01:29:31.000 I don't have a personal website.

01:29:33.000 Alright, thank you for the time.

01:29:34.000 Appreciate it.

01:29:35.000 Sure, thank you.

01:29:36.000 Bye-bye.

01:29:36.000 Take care.

01:29:38.000 Another big wig on the show for you to try to pick their brain? 1.00

01:29:42.000 There he tells you they're using the crises to bring in more government.

01:29:45.000 Alright, jam-packed information straight ahead on the one, the only, GCN.

01:29:52.000 We're on the march, the empire's on the run.

01:29:56.000 Alex Jones and the GCN Radio Network.

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01:31:05.000 A terrorist act of war against this country.

01:31:09.000 The enemy struck America on September 11th.

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01:35:23.000 Now, let's go ahead and rampage through your calls.

01:35:26.000 Sean in Florida.

01:35:27.000 You're on the air.

01:35:28.000 Welcome.

01:35:28.000 How are you doing, Alex?

01:35:31.000 Doing pretty good.

01:35:31.000 What's on your mind?

01:35:33.000 I just had a couple of unqualified, thought-provoking ideas.

01:35:38.000 The first one is, you know, we're talking about the worst case scenario.

01:35:45.000 Coins, by their very nature, have a fundamental metal value, although it's not, you know, the face value of the coin, but if we were to... It's because of scarcity.

01:35:55.000 It can be above or below the face value of the coin, or depending on, you know, when you get into the market.

01:36:00.000 But as our currency devaluates, it might not be unwise to add more coinage into the currency, even though it is inconvenient and more cumbersome than paper.

01:36:10.000 Because that metal will have an inherent value.

01:36:12.000 No, that's the whole point about what type of monetary system we should have, sure.

01:36:17.000 But, you know, another thing that I've thought recently is, as Ron Paul has always advocated, introducing a competing currency with a Federal Reserve note.

01:36:29.000 Yes.

01:36:30.000 You know, there's certainly some interesting court cases where, you know, the Supreme Court upheld the 16th Amendment didn't create a new tax.

01:36:41.000 And the Congress, you know, like Title 12, Chapter 3, Subchapter 12, Section 411, essentially says Federal Reserve notes can be redeemed in lawful money on demand at the Treasury Department.

01:36:54.000 But they don't do that.

01:36:56.000 Exactly.

01:36:56.000 So, you know, a question I had is, You know, we said that the Federal Reserve is a private credit.

01:37:05.000 And, you know, we have this whole system of taxation and everything based on the fact that we use this private credit currency voluntarily.

01:37:15.000 But it really is involuntarily, because they forced it to be not just the U.S.

01:37:20.000 currency, but the world currency.

01:37:22.000 And the establishment has been debasing the value of that as a form of theft.

01:37:26.000 But back when it still had its value, they bought up real assets with it.

01:37:29.000 And then we end up paying taxes to back up the value of that currency.

01:37:33.000 So it really isn't a private, voluntary currency.

01:37:36.000 It's a private currency.

01:37:37.000 The profit is private.

01:37:38.000 The cost is put onto the public.

01:37:40.000 I appreciate your call, Sean.

01:37:41.000 Steve in Vegas, you're on the air.

01:37:46.000 Stephen, Las Vegas, Nevada, you're on the air.

01:37:49.000 Yes, good afternoon, Alex.

01:37:51.000 Welcome, Stephen.

01:37:53.000 I originally got on, I was hoping to speak to Peter.

01:37:56.000 I worked for his dad for five years.

01:37:59.000 His father is in prison, Peter Schiff, for educating people on how to expose the private IRS or the collection agency for the private Federal Reserve.

01:38:09.000 But he's in prison for that, but then all these politicians, they don't have to pay taxes.

01:38:14.000 Right.

01:38:14.000 He wrote a book.

01:38:16.000 And I guess writing a book can be construed as illegal.

01:38:19.000 I remember that a few years ago.

01:38:20.000 Just for those that don't know, let me just tell them that you can talk.

01:38:25.000 Okay.

01:38:26.000 The judge ruled that he's not allowed to sell that book.

01:38:29.000 So yeah, burning books basically.

01:38:30.000 Go ahead.

01:38:32.000 Right.

01:38:33.000 He wrote the book and now he's got to do jail time.

01:38:37.000 You'd ask, you know, how come we aren't getting any prosecutions?

01:38:40.000 I would submit to you that that's one of the reasons that Federal employees, our public servants, are so busy prosecuting people for writing illegal books that they don't have time to prosecute any politicians or any Wall Street criminals or anybody like that.

01:38:58.000 Well yeah, I mean the government exists now as a rogue institution to protect the criminals that run the government.

01:39:06.000 The last guest that you had on, I hope maybe you can get the silver and gold guy to send him a copy of Jekyll Island, because I had a, you know, I wondered when I heard him say that buy the bad loans, I wrote it down, from the banks so that they'll be comfortable loaning.

01:39:27.000 Well, they crave money out of bookkeeping entries.

01:39:31.000 I mean, why would they be uncomfortable?

01:39:33.000 Look, look, look.

01:39:34.000 That last guy is pure establishment.

01:39:36.000 We had him on to see if he'd, you know, slip up and say something about it.

01:39:39.000 Alex, we need him.

01:39:40.000 We need him.

01:39:41.000 He's got the ear of many people in Washington, D.C.

01:39:44.000 If we could get him listed in the InfoWars for a week, he'd be brought up to speed immediately.

01:39:50.000 That guy was the Chief Counsel to the President, believe me.

01:39:54.000 That little comment about how he didn't know about Rex 84, give me a break.

01:39:58.000 I didn't see that.

01:39:59.000 Oh, yeah, give me your head. 0.68

01:40:00.000 I didn't see that.

01:40:01.000 I'd hope to, I've met Peter before, and I'd hope maybe I emailed Aaron.

01:40:08.000 Maybe the next time you get him on, I'd like to, there's a lot of people that are wondering how Irwin's doing in incarceration and what we have to do to get him out of jail.

01:40:17.000 I hear you and I appreciate his call.

01:40:18.000 I'm going to let you go sometime and go to others.

01:40:20.000 I almost brought it up to him, but I got busy during the breaks taking care of stuff.

01:40:23.000 I wanted to ask if it was alright with him to talk about his dad being in prison, because I never hear him talking about that.

01:40:28.000 We interviewed Irwin Schiffer many times.

01:40:30.000 He's got a show on the Genesis Network.

01:40:33.000 Ten years ago, for about a year and a half, I mean, everyone had a nightly show here.

01:40:37.000 Everyone's chef.

01:40:38.000 So, they did send him to prison for writing a book.

01:40:41.000 They said, don't print any more of those books about the Federal Reserve being a scam.

01:40:46.000 And that's, you heard his son, and next time he's on, I'll bring this up, but I don't want to, you know, run folks off, because I like Peter.

01:40:55.000 And, you know, he's a golden boy of the mainstream media, so, because of Ron Paul promoting him, so, you know, we'll have him on.

01:41:02.000 But that little comment at the end about, well, yeah, now the government's taken over the Federal Reserve, and that's the problem.

01:41:07.000 It was supposed to be independent.

01:41:08.000 It is the government.

01:41:09.000 Private corporations act as governmental powers throughout history.

01:41:13.000 You know, they're as big as governments.

01:41:15.000 And it's controlling our government, not the other way around.

01:41:18.000 Now the government is just massing more powers and handing it over to the Federal Reserve through the Banker Bailout Bill.

01:41:23.000 But Erwin was, Erwin's son, Peter Schiff, was talking about, that's one thing I've heard him say that I don't agree with, it was at the end of the interview so I couldn't follow it to its conclusion or flesh it out with him, because the Federal Reserve is the source of all the problems.

01:41:41.000 Here's a smart guy, though.

01:41:42.000 He knows all about this stuff.

01:41:44.000 He knows that by not going into those areas, he can still get on the media and talk about the basic facts against the bailout and the rest of it, so we appreciate him coming on.

01:41:52.000 Let's go ahead and talk to Ryan in Illinois.

01:41:55.000 Ryan, you're on the air.

01:41:55.000 Hi.

01:41:56.000 I was just calling to talk about how everybody's trying to get the whole Obama situation all messed up.

01:42:03.000 They think that he's the next pretty much I wouldn't like to say Jesus, but that's what a lot of people think.

01:42:11.000 Oh, no, no, no.

01:42:12.000 There are a lot of churches saying he is the Messiah.

01:42:14.000 President of the world, Savior of the world.

01:42:17.000 Yeah, but most of the culture that I'm in, I'm an artist myself, a lot of the culture basically accepted him for whatever it seems and nobody's really paying attention to any of the policies or anything that's going on.

01:42:29.000 It's craziness because the first thing that he should have done when he came into office would have been You know, go after the Federal Reserve like you just said a minute ago, not even.

01:42:39.000 You know, that would have been key because that obviously is, you know, everything that's the base of your currency right now.

01:42:46.000 Why wouldn't you have the ability to just say, you know, he's trying to like play off things like how, I don't know if you read this, he was trying to take away all like the gifting to all like the politicians and the head people.

01:42:58.000 It makes no sense.

01:42:59.000 It's just a way to just No, he'll do one thing and then do all this other window dressing.

01:43:07.000 I'm closing Guantanamo, but he really isn't.

01:43:09.000 He's just setting up more camps and continuing the secret arrest.

01:43:12.000 I'm real mad about these banks getting all this compensation.

01:43:16.000 But meanwhile, people running him are the architects of all this.

01:43:20.000 This is by design.

01:43:21.000 They did everything they could, all these administrations, to de-industrialize the country, get us totally in debt, and pull the rug out from under us.

01:43:27.000 It's all staged.

01:43:28.000 And the ruling elite need the media, the military, this whole system, to make sure they're able to carry out this final phase of bondage, of enslavement of the population.

01:43:39.000 That's it and that's that.

01:43:41.000 But I appreciate your call.

01:43:42.000 Good to hear from you.

01:43:43.000 We're moving along here.

01:43:44.000 Michael in Illinois, you're on the air.

01:43:46.000 Alex, I just wanted to comment on your last caller.

01:43:53.000 I'm an economics writer myself.

01:43:56.000 The problem he had with buying the bad assets from the banks and the Setting up the bad bank, and this is like the Republicans' new answer to everything Obama's doing.

01:44:07.000 The problem with that is it leaves us in the same mess we're in now.

01:44:10.000 It doesn't get us out of the mess.

01:44:12.000 All it does is it creates the new bubble.

01:44:15.000 We'll never get out of this mess.

01:44:17.000 Yeah, there's more than one way to skin a cat.

01:44:20.000 And all the things they're doing expand the power of the criminal bankers that engineered all of this.

01:44:25.000 Absolutely.

01:44:26.000 And they're reading Control Freak.

01:44:28.000 Go ahead.

01:44:29.000 Well, until Fractional Reserve Banking, which is nothing but theft, until Fractional Reserve Banking is stopped, we're going to continue having these booms and busts, and until the Federal Reserve goes down, we will continue having the business cycle and having these problems, and it's never going to end.

01:44:48.000 I hear you, and I agree with you, and I appreciate your call.

01:44:51.000 Maggie in Texas, you're on the air.

01:44:54.000 Yes, Alex, you've been talking about Advertising propaganda and I just wanted to call to your attention what I consider the most diabolically evil advertising campaign I've ever seen and that is the recent vaccines are like hugs.

01:45:14.000 Gardasil.

01:45:15.000 It's like a hug to take the experimental live cancer virus shot that on the insert they admit causes all sorts of autoimmune diseases and death in some cases, and which doesn't even protect you from genital warts.

01:45:27.000 But aww, it's a huggy-wug.

01:45:30.000 Let's pull that up.

01:45:30.000 Gardasil hug ad.

01:45:32.000 Gardasil... I'm not even talking.

01:45:34.000 Yeah, okay, go ahead.

01:45:35.000 I've seen another Gardasil where it's loving and then she's hugging her daughter.

01:45:39.000 You're saying there's one where they actually say it's like a hug?

01:45:41.000 No, yes, but this is this is a different one.

01:45:44.000 This is a billboard.

01:45:45.000 It shows an adorable baby.

01:45:48.000 And it says vaccines are like hugs.

01:45:52.000 You've seen it.

01:45:54.000 Okay, I've got a picture of it that I took with contrails in the background.

01:45:59.000 And you used to have a place for graphics like this do you still because I'd like to send that if you could use it.

01:46:06.000 Do I still have it?

01:46:08.000 There used to be, before your Infowars webpage changed a lot, there used to be a spot for people to contribute graphics.

01:46:17.000 The best place for you is to go post that stuff in the PrisonPlanet.com forum and then tens of thousands every day are in there and will look at it.

01:46:27.000 Do I have to be a member of that forum?

01:46:30.000 I don't exactly know.

01:46:31.000 Nope, it's free.

01:46:32.000 How do you do it?

01:46:33.000 Or could I contact Watson about it?

01:46:35.000 Or just figure this out myself?

01:46:38.000 Yeah, I mean, I've seen the billboard, now that you talk about it.

01:46:42.000 There's a little baby laying there and it says, vaccines are like hugs.

01:46:47.000 But I mean, you say you know how to email something, so it's the same deal.

01:46:50.000 You just go to PrisonPlanetForum, or is it ForumPrisonPlanet.com, and then you just create a username.

01:46:57.000 It could be anything you want.

01:46:59.000 It could be George Washington 97, and then you... I think I did that a long time ago and never used it again, so I've forgotten it.

01:47:06.000 Will that give me a problem?

01:47:08.000 No, you can just create whatever you want.

01:47:09.000 You can put in fake email addresses, whatever you want to make things up.

01:47:13.000 I will try it.

01:47:14.000 Okay, this has chemtrails in the background.

01:47:18.000 Nutrition trails.

01:47:21.000 Yeah, that's it.

01:47:22.000 Nutrition trails in the background.

01:47:24.000 And if you don't like the chemtrails, you're with Al-Qaeda. 0.70

01:47:27.000 Thank you, Maggie.

01:47:27.000 Scott in Arizona, you're on the air worldwide.

01:47:31.000 Nutrition trails, I like that.

01:47:32.000 That's good.

01:47:32.000 How are you doing today?

01:47:35.000 Good, sir.

01:47:36.000 Good, good.

01:47:37.000 Hey, I just want to pass along a possible word to you as a way to maybe kind of expand, network out what you're doing to get the word out, and God bless you for it.

01:47:48.000 I've been aware of you for I don't know, 10-12 years now.

01:47:52.000 And there's a gentleman who has these billboards he posts all the time, you may have heard of him, Bill Balsamico, Casa de Ice, although I don't think from the billboards that he puts up in front of his restaurant that he's quite as in-depth and understanding maybe as you and I might be as to what's going on in our country today.

01:48:11.000 But he's very disenchanted with both sides of the political parties and he's always posting stuff having to do with immigration, things that, you know, The antics at the President's poll, my guess is because these emails of these billboards hit so many people out there that maybe are not listening to InfoWars, but also are disenchanted with what's going on, that if you try to get ahold, if you just look up CasaDeIce.com, that's Casa, the letter D, Ice.com.

01:48:39.000 A lot of us don't know what you're talking about.

01:48:41.000 What's going on?

01:48:44.000 A gentleman just has a website.

01:48:46.000 If you go to CasaDeIce.com, he has a restaurant.

01:48:49.000 I don't remember what state he's in, but he posts political messages about how disgusted he is with what's going on in our government today.

01:48:58.000 What I'm saying is, because he's already in that line of thinking of not being happy with what's going on, I think if Somebody out of your office were to contact him, chitchat a little bit, maybe even have him on, he would probably be more than willing to start posting possibly InfoWars.com on his billboard or otherwise.

01:49:19.000 Listen, I hear you, sir.

01:49:20.000 Look, I hear you and I appreciate it.

01:49:22.000 I'm just getting my new people online.

01:49:24.000 I'm just getting computers going and editing software and packages and we're reaching millions every day and it's all about you spreading the word about the show.

01:49:31.000 If somebody wants to contact somebody who's putting billboards up and ask them to put up InfoWars.com or whatever, that's great.

01:49:37.000 We don't have the money for that and I'm not generally out there, you know.

01:49:41.000 People tuning in here, you know, want to hear what I have to say so I can tell people what I want to have to say, but I don't really cold call folks up.

01:49:48.000 But that sounds like an interesting idea.

01:49:49.000 And if people have the funds out there, don't wait for orders from headquarters, go to the sound of the guns. 0.87

01:49:54.000 You know, some catchy phrase like, don't be a sucker, InfoWars.com. 0.60

01:49:59.000 Or walking billboards.

01:50:00.000 Get our t-shirts at Infowars.com and get them out.

01:50:02.000 It's all about getting the word out.

01:50:04.000 But yes, that's a great idea.

01:50:06.000 And so, folks, contact whoever this nice fellow is and tell him to wake up to what's going on there.

01:50:12.000 Yeah, I mean, on the immigration issue, the globalists are for it. 0.86

01:50:14.000 I'm against it.

01:50:15.000 Then you analyze why they're for it.

01:50:17.000 Then you're even more against it.

01:50:19.000 But it's real simple.

01:50:20.000 Just whatever they're for, you're against.

01:50:22.000 They want to overrun every nation with third-world populations. 1.00

01:50:24.000 I'm not against these poor third-world populations. 1.00

01:50:27.000 But we can't let it happen.

01:50:28.000 The globalists wanted to drive down wages, bankrupt the states and their health care and welfare systems for total federalization and then internationalization.

01:50:37.000 So, you know, I want to get Glenn Spencer back on.

01:50:40.000 It's probably been a year since I've had Glenn Spencer, AmericanPatrol.com on.

01:50:44.000 We're going to get Glenn You worry.

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01:55:39.000 All right.

01:55:40.000 Let us now go ahead and go back to your calls.

01:55:46.000 Who's up next here?

01:55:49.000 Is it Paul or Dan or Betsy or Elliot?

01:55:51.000 Yeah, Paul in North Carolina.

01:55:53.000 You're on the air.

01:55:53.000 Welcome.

01:55:54.000 Hey, good afternoon Alex.

01:55:55.000 How are you doing today?

01:55:56.000 Pretty good, sir.

01:55:58.000 I just wanted to keep you informed about what's happening on the East Coast.

01:56:01.000 Fort Bragg, they're increasing the amount of troops within the next year or two.

01:56:05.000 From 50,000 to 70,000?

01:56:05.000 50,000 to 70,000?

01:56:07.000 No, they admit that's for the United States.

01:56:08.000 That's public.

01:56:09.000 And I was just wondering, you know, maybe you and your bunch of merry men could come out here and maybe talk with the soldiers and tell them sort of what's going on.

01:56:16.000 I've been trying to do that myself.

01:56:18.000 I would love to be able to do that, but I'm working 18 hours a day lately.

01:56:22.000 And, you know, I go home and see my family come back at night.

01:56:25.000 And I've gone to bases and off bases and talked to troops that are doing drills to take over the U.S.

01:56:32.000 And people denied it, and now they admit they're doing it.

01:56:35.000 So, you know, it's up to the American people to reach out to the troops. - Shh.

01:56:40.000 Other than spreading the word, what could I possibly do?

01:56:45.000 What types of CDs would you like me to pass out to some of the troops?

01:56:49.000 Because I've gotten to know them within the last couple months.

01:56:52.000 Okay, okay.

01:56:53.000 What will impress them is seeing a ten-year-old or eight-year-old film I made, like Police State 2000, Police State 2 The Takeover, Police State 3 Total Enslavement.

01:57:03.000 And I show everything they're training to do, and I document how Their plan's going to work, and here you are ten years later and it all happened just like I said.

01:57:14.000 Hey, you know, I've got a 3 CD combo pack.

01:57:16.000 You can get them, make all the copies you want.

01:57:18.000 I want you to get them out to people.

01:57:21.000 I would give them End Game, I would give them Terror Storm, so they know the terror was staged.

01:57:26.000 Things like that.

01:57:27.000 And the troops aren't bad people. 1.00

01:57:28.000 They're just brainwashed and ignorant, most of them. 0.99

01:57:31.000 Or those that do know what's happening are freaked out. 0.99

01:57:33.000 Well, I mean, you know, the majority of troops gave their money to Ron Paul in the campaign and supported him.

01:57:36.000 So, you know, it shows they know what's going on.

01:57:38.000 But the commanders are pure evil.

01:57:39.000 You can forget trying to wake up the high-level commanders. 0.69

01:57:42.000 They've been picked because they're globalists and hate this country. 0.99

01:57:45.000 They're traitors. 0.97

01:57:46.000 Yeah, the troops have just been conditioned and we just have to un-brainwash them. 0.97

01:57:51.000 That's it.

01:57:51.000 Appreciate the call.

01:57:52.000 Jamming in one more.

01:57:53.000 Dan in Texas.

01:57:54.000 Sorry to Betsy and everybody.

01:57:55.000 Oh, Betsy disagrees. 1.00

01:57:57.000 I'm sorry.

01:57:57.000 We're going to Betsy first.

01:57:58.000 Betsy in Michigan.

01:57:59.000 Go ahead.

01:57:59.000 Hey, it's actually Beastie, not Betsy.

01:58:03.000 Okay.

01:58:03.000 Well, your name's Betsy now for disagreeing.

01:58:05.000 Okay, Beastie.

01:58:07.000 I have a simple, simple disagreement, which is, you know, you actually said it earlier.

01:58:11.000 I don't think we need to, you always say, don't wait for orders from headquarters.

01:58:14.000 I think it helps.

01:58:15.000 I'll give you two examples.

01:58:16.000 One was when Um, Mark, when Mark Dice did the, uh, Inform-A-Soldier campaign, where he came up with an idea and we spread it out there.

01:58:23.000 Like, he gave orders from headquarters.

01:58:25.000 You did the same thing, when, before 9-11, on your, uh, Access Show.

01:58:29.000 No, no, I agree to a certain extent.

01:58:31.000 I'm just saying, don't wait for me to tell you what to do to take action.

01:58:34.000 Okay?

01:58:35.000 God bless you all, ladies and gentlemen.

01:58:37.000 Retransmission starts now with all those big guests, Peter Schiff, you name it, at InfoWars.com.

01:58:41.000 Rebroadcast.

01:58:43.000 You are listening to GCN.

01:58:47.000 Visit GCNlive.com today.

01:58:52.000 Hello friends, this is Alex Jones.

01:58:53.000 I've told you for a long time it's important to be self-sufficient, and today that's more important than ever.

01:58:58.000 We need to be independent, and food and water is the key.

01:59:01.000 You'll never have to stand in a bread line if you have your own bread.

01:59:04.000 You'll never have to go to the Superdome and beg for FEMA to take care of your family in any emergency.

01:59:09.000 If you simply prepare.

01:59:10.000 No one is going to take care of your family in the final equation but you.

01:59:14.000 You know efoodsdirect.com is still able to ship storable food that's safe from E. coli, salmonella, genetic alteration, or Chinese imports. 0.99

01:59:21.000 And they do it at almost half the cost of last year's grocery prices.

01:59:24.000 Call 1-800-409-5633 or on the web go to efoodsdirect.com.

01:59:29.000 Visit eFoodsDirect.com and look over the fine list of high-quality, pre-stride, and dehydrated foods they have to offer.

01:59:35.000 Watch the free videos, look at their online catalog, or give them a call at 1-800-409-5633.

01:59:39.000 Again, 800-409-5633 or on the web at eFoodsDirect.com.

01:59:40.000 Take action today.

Alex Jones Show - February 04, 2009

20090204_Wed_Alex

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