Jim Tucker / Prisonplanet -- Predictions

Here's a self-congratulatory story from Prisonplanet, pretending that Alex Jones and Big Jim Tucker "predicted" the economic collapse......

Worth remembering that a broken clock is right twice a day, and if one keeps saying there's going to be an economic crisis, one will be proven right, as, under capitalism, one is never far away.

Alex Jones Was Right About Economic Collapse

Kurt Nimmo
Infowars
January 9, 2009

In September of 2008, nationally syndicated radio talk show host and filmmaker Alex Jones told George Noory’s Coast to Coast radio audience that he had disclosed information in 2006 indicating the international banking elite would engineer a crash of the economy, a process now well underway.

Alex Jones discussed the pending economic collapse and its relation to the New World Order on the Coast to Coast radio show.

Moles inside the 2006 Bilderberg meeting in Ottawa, Canada, revealed to Jones a secret plan contrived by the global elite to “artificially implode the subprime mortgages as a pretext to cause a larger economic collapse so they could basically pose as the saviors and then rewrite the financial international order” and establish a New World Order, as admitted by the Wall Street Journal (see David Gaffen, One Week Later, a New World Order).

Veteran Bilderberg reporter Jim Tucker reported on June 19, 2006, that “Bilderberg expects interest rates to rise and many Americans to lose their homes in the months ahead.”

Timothy Geithner, president of the Federal Reserve Bank of New York, predicted rising interest rates and difficulties for families that have obtained adjustable rate mortgages, or “variable” interest rates. Many are likely to lose their homes as rising home mortgage rates add hundreds of dollars to their monthly payments, he said. While most listened solemnly and some expressed concern, one was heard to say, “stupid Americans deserve their fate.”

LINK

So......apparently Jim Tucker (reporting with super-secret 'insider info' from the Bilderberger conference) reported the Bilders were going to purposefully collapse the economy......by....raising interest rates.

These claims, immediately following those of Alex Jones in the preceding paragraphs, are obviously intended to be related. Tucker, who is Alex's go-to man for "the inside scoop" on the Bilderbergs is clearly suggesting the economy will be purposefully wrecked by rising interest rates - thereby jeopardising homeowners on the cusp through increasing mortgage payments.

That would have been an easily made claim in 2006 - rising interest rates seemed all too likely as all the indicators were for rising inflation, which is countermanded by raising interest rates. Every man and his dog were predicting rising interest rates. It's is very obvious that if interest rates had risen, Tucker and Jones would have been crowing how their predictions, based on their insider sources at Bilderberg, were correct.

But - look at what actually happened:


Tucker and Jones' claims could not have been more wrong. Interest rates fell - and fell to record lows. Why? Because of fears of deflation. More evidence for this is quantitative easing (increasing money supply) to reinflate the economy. Predictions of runaway inflation, and the attendant rising interest rates were completely wrong.

Contrary to the claims in the Prisonplanet article, mortgage rates went down, as is clearly visible in the graph, from the Federal Reserve.LINK

Jones and Tucker were completely wrong - yet they still boast they were right. If interest rates had moved the opposite to what they actually did ie if they'd risen, Jones and Tucker would again be claiming they were right, and boasting how they had predicted the collapse. They are charlatans.

I've checked the claims of Tucker and Jones with regard to "the Bilderbergs" before, and they read like Tucker simply makes them up - which I am certain is the case. Of ocurse, they're usually so general and vague that there's no way they could be proven right or wrong, which obviously leaves the space open for Jones and Tucker to claim "they were right" - but in this instance, Tucker made a clear and definite claim that interest rates would rise. But interest rates did not rise - they fell. And they fell drastically - to record lows. That isn't being "right" - it's being as wrong as you could get.

And why were Tucker and Jones so wrong? Because the crisis hit them wholly unexpectedly - interest rates fell in response to a developing crisis - a crisis Jones and Tucker obviously did not expect.

Furthermore, this episode also proves 'the powers that be' were in fact trying to rescue the economy - not wreck it. If they'd intended to wreck the economy they would have simply raised interest rates, or left them alone.....not dropped them. Likewise, if they intended to destroy the economy, they wouldn't have instituted quantitative easing and made massive efforts to reinflate the economy - they'd have just let it go over the edge - mirroring the mistakes made in the Great Depression. Instead, the lessons of the great depression were learnt, and the bankers etc did what the great depression lessons taught them to do to escape collapse ie implement reinflation - easy money.