more of the same ...FASB 157
http://www.smirkingchimp.comSunday, November 11, 2007
globeandmail.com: Thought the subprime mess was bad? Wait till the accountants get involved
Officially referred to as level 3 exposure. But you will also see it referred to as... Bucket 3.
And the buckets will get filled next week and having commercial paper in bucket 3 is not good. It's a little like finding out those folks who have investment banks have been printing their own funny money. And when it is held under a black light it comes up gray rather than green.
It's not that the stuff in three has no value. It's just the little problem of no one has a clue what it's value may be. And no one is offering to buy it.
Why, that sounds like a description of no value said backwards.
And since the investment banks will have way more in bucket 3 than 1 or 2 when the fiscal accounting comes due on nov 15. The are declared functionally insolvent and this is the clincher and what hurts. They have to step up and say: We are broke!
What's to be done? We'll when the cat digs the hole it has a purpose.
Seriously, I can think of only one feasible solution since they will not be able to hide it or deign it.
And that's spread the lose and as far as possible and that's us the people who they generally hold in contempt.
Which means their is a big federal bail out a coming our way. Because the major Investment Banks can't fail as they are the vehicles of the very wealthy in this country.
That is not being cynical as their is no need to be. That is just the way it is.
Saturday, November 10, 2007
Ron Paul Schools Ben Bernanke Again
Decide for yourself on the issues of fiscal responsibility and credibility.
Congressman Ron Paul is from another era and expresses the economic politics of that era. He would have been a Midwestern populist in a time long past.
He is actually a Texas Republican with a strong constituency but no party with fiscal credibility to build from. And Paul.... fortunately.... is not Ross Perot with some charts and no serious intention to change or save anyone including the nation.
The party Paul belongs too are now completely indifferent to the issues of monetary responsibility and the actual welfare and best interest of the people they are elected to represent.
They actually advocate deficit federal budgets as Cheney has stated.
All political parties are amalgams of different interests looking for common ground. The Republicans have never been able to homogenize those differences as the contradiction are too evident and too large.
And which are the extreme wealth of the eastern power elite and with a primary interest in power and money.
Verses the other major wing from the south and mid west clearly stating they are white 'Christians" with issues around what is now termed: Christian values.
Though again these are key words which we all know have multiple meanings.
As history has shown the nobility and the servants can never find a common ground other than they may say they pray to the same god. Though I have strong doubts about even that.
Seriously, do Episcopalians religious images relate to anything other than the Puritans and the high church of England? The north eastern white ruling class does not distinguish between the black or white.... in the south, It is just not an issue for them. Because they are not WASP such as themselves so they have to be managed... though maybe in different ways.
So it actually is a weak alliance as the northern power structure which has proven issues and since these are power and money they are not planning on sharing with their new 'friends' from the south.
Has much changed from the Republican convention of 1948? We'll it has become more evident as the north gets richer and south poorer (and it is) they can expect erosion within the ranks.
The first split off was the Libertarians and the Christian Right has never been truly above suspicion with the money class. You may recall insiders in even this administration refer to them as the "'crazies" The ruling class considers religion a tool not a perspective.
That is one of the reasons the attacks on the Democratic candidates have already become personal and vicious. The Republicans have no issues they can offer the poor cousins but reaction issues. Race, sex, religion and fear of immigrants taking their jobs are prominent and proven to instill even more fear.
And as to money to turn the wheels. Corporations and foreign interests control congress and the Administration. Follow the money is not a saying, it's a truism.
Broad brush? Yes, of course as this is a time for concepts reflected against history.
We maybe going into terrible times as a nation and we are unified on few issues so we should define the differences. And especially since they become paramount during economic contractions. The concealed issue of class structure is a factor that has to be acknowledged. Otherwise we are just pecking at each other because their is not enough to go around since the ruling elite always eats first and last.
Of course, people don't believe their is a ruling class. Anyone can be president! And especially if he is willing to take orders from the rulers.
As to Ron Paul the current conservative fire brand but dressed in a suit.
Is he heard? I would say: yes, he has allot of appeal as he makes sense and shows courage; but heard only within a limited audience.
Will he make headway as this country comes apart? Probably not, because the power in this nation is not interest in a rational solution to economic problems. Also, he has restricted his message to economic and fiscal responsibility. We are now far beyond that state of concern and for example we have abandoned the seniors and which is now the baby boomers and even health care for children.
And the favorite imported toy for children this Christmas maybe the water board. And why not? The newly chosen Attorney General cannot find fault with it.
It's Christmas morn and the dear tots are at play under the sparkly tree.
Which is the Christian image of life renewing. And a little voice is raised in gleeful joy. "Mommy, can i use my new water board on my lil sis Marylou?
Can I, Can I? Please mommy and besides she is a little terror. And of course good Mommy responds: "We'll just be careful as we don't have any health insurance."
Torture is the ultimate weapon of an oppressive regime. And that seems to be what we now are approaching.
Maybe they should do a make over for Jesus and stick him on a board with a bucket under his head.
Of course, they would have to change the sign to: He was drowned for your sins. And it could be a play on baptism....You know something catchy like..Get on board before the board gets you!
So you see they have a different agenda and that is control and economics are just one area they consider significant to remain in total control.
But back to the congressional dialogue.
Is Bernanke answering Paul's questions? My conclusion is: No. He is enduring the lecture and he has no intention to seriously respond because that would take the discussion to a level of honesty that he cannot afford to illustrate.
So the prearranged tactic for Bernanke is to smile and be cryptic in response. The implication being Paul has to be endured since he is a yokel but not to be responded to in any way that will indicate his remarks or questions are factual or credible. For a one liner i would say: Bernanke tactic is if you can't beat-um...don't join um!
So we all wonder what is going to happen. Will this financial crisis pass?
I don't see how it could because nothing has been resolved and we have no new bubble to scramble after.
The dollar will continue to fall as more countries are selling than surely are buying. Doesn't add up? We'll no buyers! Then WE have to take the dollars back. And what's that mean for US? More... Inflation.
North, South, East and West.
And if their was a strong paper money in the western world with both backing and credibility that's where the money would be going. So those with money in dollars are looking for alternatives through diversification.
Oil futures, precious metals and commodity futures just to name a few.
Will the Fed lower interest rates further? They have already indicated they will though for appearances they would like to wait until January.
Is the mortgage markets free fall in all it's ramifications stabilizing? From what i read it's just getting started.
Will residential real estate find traction? Not with mortgages resetting and for at least another year and loans more difficult to obtain. As well as potential buyers just sitting it out.
Where is the bottom or where is up. We'll from what i read it is not on this side of the valley and we have a long and ugly trek before we get to the other side.
And who will feel pain and maybe fall out along the way?
I don't think it will be those on top north or south.
That's our roll to play in this American tragedy which is now unfolding.
Friday, November 9, 2007
FSU Editorial: "The Robert Rubin & Ben Bernanke Death Embrace" by Charles Zentay 11/08/2007
http://www.financialsense.com
Informed, candid and rational. Not something we are likely to get from those
who should be responding to maybe the largest finacial crisis in the nations
history.
Awhile back we speculated what would be the event that would empower the
perfect storm which we seem know to be entering.
And i believe Zentay fantasy dialogue may actually be the 'fly on the wall'
who hears it all.
It's really indicative of the contempt they the 'actual bankers' hold for
Bernanke and how willing he is to confirm that it is justified.
At the end of the article their is an option to visit Zentay's web page and
it's some of the same but still worth reading as the flavor of knowledgeable
conviction is again evident.
We have all speculated as to when and how 'it' would start, was it the
NASDAQ melt or the housing R-E bonanza? Or is it the Hedges and the
derivates?
It seems now and from the start we should be looking at the investment banks
who so far have road out all dips and turns with free money from the Fed..
And also by creating even more bazaar instruments of mass destruction with
the hope their would be no evident blow back.
And i guess i should speculate on will they use the Fed to bail themselves
completely out and give the bill to the people?
Friends and Countrymen....This is not a simplistic over statement.
They always have and they always will try to do it again. Because it worked
the last time and besides they pull the levers as well as run the presses.
People for some reason think the people who wrote the Constitution just
didn't understand the complexities of a nations wealth.
They did and they understood greed as well as human frailty. And they also
opposed central banks like the Fed from the get-go as they saw it as a way
to control the country and rob the people. And when the bankers initiated
the "Federal Reserve System" ....for themselves..... they did it in secret
and had Congress pass it when it was not in normal session.
Rising Demand for Oil Provokes New Energy Crisis - New York Times
Since it's all about oil.... their is no comparable world issue....if we are
not considering climate change. These world supply, demand equal price
stories are very significant.
And the conclusion which is offered that it can't go up for ever would seem
descriptive. Especially considering economic cycles of the past as well as
politically induced oil crisis.
Unfortunately, all those issues are still significant and we also have to
know consider the exploding world population and who also want their own
vehicle.
And then the issue only the insiders discuss. Peak Oil, which means world
oil production has peaked and is now acknowledged on the down side slop of
the bell curve. Their is no more ...of significance and reachable.... to be
found.
Oil sands, shale oil, give it up.
Alternatives? Sorry, they just don't generate the punch that oil does.
Though of course we will use as much natural gas, coal and nuclear as we can
get our dirty mitts on. Hydrogen :) is a non laugh joke:(...
And if you haven't noticed even plug-ins get their energy from NG, Nuclear
or coal. They are quite and it's fun pretending... is my conclusion.
Actually if we look at energy for production of the new vehicle, the
batteries and the disposal as well as the labor involved to earn the money
to buy the hybrid it is probably far less carbon foot print to keep driving
the semi efficient clunker you are now filling with petroleum in some form.
Motor bikes, motor scooters and pedal bikes are where we should be going. At
least until they come out with one equipped with a sail.
Oil production matched oil demand from 1930 to the present. But know they
are parting company. Demand and population continue to rise. While world
production is falling. In big and for us painful steps.
As and example one of major crude oil producing suppliers is Mexico and has
now gone into a significant decline. The estimate is now 12 to 15 percent
decline in the last year. We use 40% of their exported oil and they intend
to cut foreign sales first as the oil for their people will keep the revolt
in check. Or so they hope. So 60% of Mexico's production is used internal...
with in the nation. And oil revenue is also somewhere around 60% of the
government budget. That's where the money comes from to subsides the corn
products for the populace.
And hungry people are not happy people. Or even worse passive.
http://www.nytimes.com/2007/11/09/business/worldbusiness/09oil.html?pagewanted=2&_r=1&th&emc=th
not considering climate change. These world supply, demand equal price
stories are very significant.
And the conclusion which is offered that it can't go up for ever would seem
descriptive. Especially considering economic cycles of the past as well as
politically induced oil crisis.
Unfortunately, all those issues are still significant and we also have to
know consider the exploding world population and who also want their own
vehicle.
And then the issue only the insiders discuss. Peak Oil, which means world
oil production has peaked and is now acknowledged on the down side slop of
the bell curve. Their is no more ...of significance and reachable.... to be
found.
Oil sands, shale oil, give it up.
Alternatives? Sorry, they just don't generate the punch that oil does.
Though of course we will use as much natural gas, coal and nuclear as we can
get our dirty mitts on. Hydrogen :) is a non laugh joke:(...
And if you haven't noticed even plug-ins get their energy from NG, Nuclear
or coal. They are quite and it's fun pretending... is my conclusion.
Actually if we look at energy for production of the new vehicle, the
batteries and the disposal as well as the labor involved to earn the money
to buy the hybrid it is probably far less carbon foot print to keep driving
the semi efficient clunker you are now filling with petroleum in some form.
Motor bikes, motor scooters and pedal bikes are where we should be going. At
least until they come out with one equipped with a sail.
Oil production matched oil demand from 1930 to the present. But know they
are parting company. Demand and population continue to rise. While world
production is falling. In big and for us painful steps.
As and example one of major crude oil producing suppliers is Mexico and has
now gone into a significant decline. The estimate is now 12 to 15 percent
decline in the last year. We use 40% of their exported oil and they intend
to cut foreign sales first as the oil for their people will keep the revolt
in check. Or so they hope. So 60% of Mexico's production is used internal...
with in the nation. And oil revenue is also somewhere around 60% of the
government budget. That's where the money comes from to subsides the corn
products for the populace.
And hungry people are not happy people. Or even worse passive.
http://www.nytimes.com/2007/11
Thursday, November 8, 2007
Fed Chief Warns of Worse Times in the Economy - New York Times
"We have not calculated the probability of a recession." Also..........
Our assessment is for slower growth... but positive. Or so Fed Chief
Bernanke told the Senators today with regard to the nations economy.
Now for economist their is no term with less content than probability. With
a positive or negative in the same sentence it's still just jive talk.
And he is talking with regards to the nations economy to the law makers of
the land.
And did anyone call him on it? No way! They know it's smoke and they don't
want to be the fan that blows it away.
And the second remark regarding slower growth and with out a number of any
type to indicate what he maybe alluding too is just gibberish.
So just for 'fun' taking it a step further if they haven't calculated the
probability of a national recession...why the hell haven't they? That's what
they called him to testify regarding.
Dude, is the Dam silly, bloated, leaky tub the U.S. economy going to the
bottom? Get with it.
As we sure are not going to take the fall for you crooks in blue suits.
No, that would be impolite.
But if we are facing a dieing economy that might be more than impolite for
about 300 million of us.
Conclusion: It's going down and going to hit hard and probably faster than
slower.
No mention of oil at $98 or $100. We are an oil economy! We do everything
with oil but breath it.
No mention of the stock market ruptured and spilling it's guts. Yeah, that
was our nest egg since the housing mkt went south. Or better yet: What
housing market? And you remember the dollar?
That's right it is FAST becoming a memory as it is the fastest thing falling
next to Newton's apple.
And then on the subject of forbidden... the Chinese have announced they are
sending them back as fast as they can load those shipping containers with
bundled dead presidents. And they have actually started a race to see who
can send the most... first. Who's in the race? Why just about all of Asia.
Will they cut rates again? That is something you can be sure of though as
someone mentioned here they will try and hold out for January.
And that little hint that the consumer maybe on life support doesn't bode
well for Jesus best day.
http://www.nytimes.com/2007/11/09/business/09fed.html?ref=business
Also, this is the guy who said he would throw dollars out the window of a
helicopter if needed to keep the economy going. Which could be translated
as: Piss on our heads! We'll that's what they have been doing for the last
few months. And it's like a rain in Death Valley in the summer. It's gone
before it hits the ground.
Our assessment is for slower growth... but positive. Or so Fed Chief
Bernanke told the Senators today with regard to the nations economy.
Now for economist their is no term with less content than probability. With
a positive or negative in the same sentence it's still just jive talk.
And he is talking with regards to the nations economy to the law makers of
the land.
And did anyone call him on it? No way! They know it's smoke and they don't
want to be the fan that blows it away.
And the second remark regarding slower growth and with out a number of any
type to indicate what he maybe alluding too is just gibberish.
So just for 'fun' taking it a step further if they haven't calculated the
probability of a national recession...why the hell haven't they? That's what
they called him to testify regarding.
Dude, is the Dam silly, bloated, leaky tub the U.S. economy going to the
bottom? Get with it.
As we sure are not going to take the fall for you crooks in blue suits.
No, that would be impolite.
But if we are facing a dieing economy that might be more than impolite for
about 300 million of us.
Conclusion: It's going down and going to hit hard and probably faster than
slower.
No mention of oil at $98 or $100. We are an oil economy! We do everything
with oil but breath it.
No mention of the stock market ruptured and spilling it's guts. Yeah, that
was our nest egg since the housing mkt went south. Or better yet: What
housing market? And you remember the dollar?
That's right it is FAST becoming a memory as it is the fastest thing falling
next to Newton's apple.
And then on the subject of forbidden... the Chinese have announced they are
sending them back as fast as they can load those shipping containers with
bundled dead presidents. And they have actually started a race to see who
can send the most... first. Who's in the race? Why just about all of Asia.
Will they cut rates again? That is something you can be sure of though as
someone mentioned here they will try and hold out for January.
And that little hint that the consumer maybe on life support doesn't bode
well for Jesus best day.
http://www.nytimes.com/2007/11
Also, this is the guy who said he would throw dollars out the window of a
helicopter if needed to keep the economy going. Which could be translated
as: Piss on our heads! We'll that's what they have been doing for the last
few months. And it's like a rain in Death Valley in the summer. It's gone
before it hits the ground.
Fw: 9/11, new statment!
I think the 9/11 tragedy question maybe getting to the critical mass state.
And for Fox media to continually devote so much energy to it is even more
suspicious.
Their preference is to show skimpy clad women over and over and say "Real
Christian beer drinking right wingers hate things like this" when of course
that is all they have as an audience..
At the time of 9/11 for me and i watched the second plane or supposedly
second plane hit the other tower i was stunned by the news and the sight.
Yes, i did later see the tape of the news announcer reporting live the plane
hitting the tower and their in the background out the window the plane is
shown heading toward the tower.. The implication being the relayed
announcement was sent out before the event.
But even so and from the start i felt their was something very wrong.
None of the tough question have ever been answered. In fact it was never
investigated by the usual government FAA crash follow up investigators.
Also as I had worked (mechanical) in high rise buildings in the sixties an
was assured in meetings by the PE's (Engineers) nothing including an
earthquake or fire would take the new building down.555 Market street which
was a Standard oil headquarters building and actually had 3 floors of
engineers. It not only was on steel pilings but had additional shock
absorber cushions.
The New York Twin Towers where five times as large as this 340 thousand sq
ft self contain building and the design engineers in NY at first when they
where still allowed to talk also said the plane crashes nor a fire would
have been able to demolish the buildings.
the current conscientious seems to conclude the attack was either planned by
the government or was allowed to happen by the government. And a little bit
of both seems to be a reasonable conclusion.
And the Neo Con position paper (1999) sent around amongst them selves stated
they would need a Pearl Harbor type incident to incite the American public
to allow an attack on Iraq. Hence 9/11.
Four or five of the signers of that paper ended up being in the first
administration and in senor positions.
Does this administration lie? Is it ruthless with regards to achieving it's
objectives? Does it obstruct justice and have a private agenda? I think it
does. Does it represent traditional Republican party values? Not at all and
it no longer bothers to even mouth the words.
Old line Republicans have been pushed aside and we are all now told we are
being protected from terrorist. I personally believe they the neo cons are
the terrorist.
What do we need to see or be told to be convinced we have been had and big
time?
----- Original Message -----
From: olcharlie
To: larrylewis
Sent: Thursday, November 08, 2007 8:04 AM
Subject: 911
Monday, November 5, 2007
Debunkers can scoff and chuckle all day long when a celebrity uses their
public prominence to talk about 9/11 truth, but when a 20-year decorated CIA
veteran says that the evidence points to 9/11 being an inside job,
dismissive hand waving and off-the-cuff ad hominem attacks on credibility
aren't so easy to justify.
Bill Maher recently suggested that people who dare to question this
habitually lying government's official version of what happened on September
11 are crazy and should ask their doctor if Paxil is right for them.
Perhaps Maher would be less reticent to question the sanity of a man labeled
"perhaps the best on-the-ground field officer in the Middle East" by Seymour
Hersh and whose astounding career formed the script for the Academy Award
winning motion picture Syriana.
Robert Baer is no "radical left loony" as Bill O'Reilly would allege and
neither does he lean to the right. He is a widely respected expert on
intelligence matters and middle eastern foreign policy, an Emmy award
nominated documentarian and a strong advocate of the CIA's need to increase
Human Intelligence (HUMINT) on the ground.
Baer served as a clandestine officer in Madras and New Delhi, India; in
Beirut, Lebanon; in Dushanbe, Tajikistan; and in Salah al-Din in Kurdish
northern Iraq. While in Iraq, Baer tried to persuade the Clinton
administration to back a coup to overthrow Saddam Hussein.
So when Baer told a radio host that "the evidence points at" 9/11 having had
aspects of being an inside job, the noisy negativists and the trolls were
notable by their absence.
Watch a video compilation, including Baer's quote at the start:
http://www.youtube.com/watch?v
So where are the debunkers on this one? What does Bill Maher have to say
about it? One of the foremost intelligence and foreign policy experts in
America and a 20-year CIA veteran to boot says that 9/11 looks like an
inside job.
Let's hear Bill O'Reilly try and trash this hugely regarded individual as
another tin-foil hat wearing conspiracy theorist.
Let's hear Glenn Beck attempt to slander Baer as the next Timothy McVeigh
terrorist bomber.
Let's hear Sean Hannity ridicule this honorable professional and CIA Career
Intelligence Medal decorated stalwart as a caricature of liberal political
hate speech.
They couldn't, and that's precisely why the debunkers, the COINTELPRO
counter-operatives, the Neo-Con talking heads and the trolls are loathe to
address Baer's expert judgment on 9/11 being a likely inside job.
olcharlie
will nap for food
Wednesday, November 7, 2007
A Map of the Oil World -- The New York Times
producers, consumers and world suppliers. this a very clear indicator of
where crude comes from and where it goes.
Unfortunately, their is no indication of the consumer nations population.
But i think we can assume the rules of the play ground that the biggest gets
the most and first do prevail.
And i was not implying that 'to each according to his needs' should apply.
But the U.S. which in percentage of energy consumed does use 25% of the
worlds energy might just be a tad over the top.
http://www.nytimes.com/interactive/2007/11/06/business /20071107_WINNERSLOSERS _GRAPHIC.html
where crude comes from and where it goes.
Unfortunately, their is no indication of the consumer nations population.
But i think we can assume the rules of the play ground that the biggest gets
the most and first do prevail.
And i was not implying that 'to each according to his needs' should apply.
But the U.S. which in percentage of energy consumed does use 25% of the
worlds energy might just be a tad over the top.
http://www.nytimes.com/interact
Bloomberg.com: Worldwide
I read these Bloomberg financial summaries frequently but this one i believe
stands alone as one of the most dismal for all categories that they are
reporting. And they do not seem to be selective as it seems everything is
going in the red. And for another long display of red see today's equity
market losers. Google business news or market watch has it all.
And you recall that report a few days ago that the recent U.S. Fed rate cut
would be the last for awhile? We'll Fed governor Poole has just been sent to
the balcony to tell us they where just fun-in with us. It seems he announced
more (maybe) on the way. The announcement is suppose to presto-instant buck
up the mkt and the buck. It's called: talking it up. But they will lower
rates so they hope to get two bangs for the buck.
Now that's like shooting formaldehyde in the veins of the dieing Buck. But i
guess self preservation is not favored by the suicidal. It was also suppose
to reassure the mortgage market that they are not alone as big stupid is
with them... all the way... to the poor house.
It was once known as the 'work house' but they can't call it that any longer
because we also quit making things.
But maybe the most troubling in this report is the 'two' indications the
Chinese are finding it too costly to continue with the dollar. As they are
reporting they intend to find currencies with more stability than the
dollar. Now if you want to know what talkun dirty means. That was it!
The dollar is actually designated as the 'world reserve currency' by the
bankers of the world. It happened when they dumped the Breton-Woods
agreement and then when they closed the gold window (Nixon) no one since
then has mentioned that it nolonger actually has any value. Leave it to
Chinese to turn the table over.
So until recently if the Emperor can walk around naked and not complain why
should we? was the conclusion.
Of course those same world central bankers maybe selling dollars at this
time. As Oscar Wilde said: A true friend stabs you...in the front!
So now when the Chinese give the word they are selling the
$$$ or is it flushing? And the dollar has dropped to 75 plus we can expect
that it will not find a new plateau at this lower level. Because this
announcement will be triggering large sales by a number of other trading
countries who are also holding enormous sums of junk money..the dollar.
Junk money and play money are not the same. play money is used on board
game. Junk money is also from a game... called: con game.
I know this is a dry subject that's popped right out of the toaster (made in
china) and even the thought of selling our dollar can be upsetting for some
real Americans. So maybe you might have to tell yourself you are just
parking those dollars... with lets say... the Canadians, until it gets too
feeling better.
http://www.bloomberg.com/apps/news?pid=20601087&sid=asXXKiQD5_gE&refer=home
You as an individual can also sell the dollar through a couple of banks in
the U.S. though i can only recall one that deals in small individual
transactions. Or you can use the local bank to arrange it for you at a fee.
Not the advised way to deal with money going south because of the double fee
on a falling currency..
Their maybe someone who gets this msg who will tell us what's the current
method to trade no money for some money.
Though as i recall www.everbank.com is the most frequently used.
And i believe this can be set up so you can access your foreign account
electronically.
But any-way do read the short Bloomberg report.
stands alone as one of the most dismal for all categories that they are
reporting. And they do not seem to be selective as it seems everything is
going in the red. And for another long display of red see today's equity
market losers. Google business news or market watch has it all.
And you recall that report a few days ago that the recent U.S. Fed rate cut
would be the last for awhile? We'll Fed governor Poole has just been sent to
the balcony to tell us they where just fun-in with us. It seems he announced
more (maybe) on the way. The announcement is suppose to presto-instant buck
up the mkt and the buck. It's called: talking it up. But they will lower
rates so they hope to get two bangs for the buck.
Now that's like shooting formaldehyde in the veins of the dieing Buck. But i
guess self preservation is not favored by the suicidal. It was also suppose
to reassure the mortgage market that they are not alone as big stupid is
with them... all the way... to the poor house.
It was once known as the 'work house' but they can't call it that any longer
because we also quit making things.
But maybe the most troubling in this report is the 'two' indications the
Chinese are finding it too costly to continue with the dollar. As they are
reporting they intend to find currencies with more stability than the
dollar. Now if you want to know what talkun dirty means. That was it!
The dollar is actually designated as the 'world reserve currency' by the
bankers of the world. It happened when they dumped the Breton-Woods
agreement and then when they closed the gold window (Nixon) no one since
then has mentioned that it nolonger actually has any value. Leave it to
Chinese to turn the table over.
So until recently if the Emperor can walk around naked and not complain why
should we? was the conclusion.
Of course those same world central bankers maybe selling dollars at this
time. As Oscar Wilde said: A true friend stabs you...in the front!
So now when the Chinese give the word they are selling the
$$$ or is it flushing? And the dollar has dropped to 75 plus we can expect
that it will not find a new plateau at this lower level. Because this
announcement will be triggering large sales by a number of other trading
countries who are also holding enormous sums of junk money..the dollar.
Junk money and play money are not the same. play money is used on board
game. Junk money is also from a game... called: con game.
I know this is a dry subject that's popped right out of the toaster (made in
china) and even the thought of selling our dollar can be upsetting for some
real Americans. So maybe you might have to tell yourself you are just
parking those dollars... with lets say... the Canadians, until it gets too
feeling better.
http://www.bloomberg.com/apps
You as an individual can also sell the dollar through a couple of banks in
the U.S. though i can only recall one that deals in small individual
transactions. Or you can use the local bank to arrange it for you at a fee.
Not the advised way to deal with money going south because of the double fee
on a falling currency..
Their maybe someone who gets this msg who will tell us what's the current
method to trade no money for some money.
Though as i recall www.everbank.com is the most frequently used.
And i believe this can be set up so you can access your foreign account
electronically.
But any-way do read the short Bloomberg report.
Nov 7, 2007 Here's the question... Richard Russell 321gold . . . Inc s
http://www.321gold.com/editorials/russell/russell110707.html
For a few people who will read this essay by Russell it will be seen as
conformation of their own long standing conclusions.
That an Empire such as this one which we live in cannot sustain on the
wealth of other nations. And that includes and Empires most evident tactic
of using force to extract other countries wealth.
All Empires have remained strong as long as they where expanding and a good
reference on this is: Imperial San Francisco, published in the early
nineties.
And when expansion ends empires go through the throws of contraction and
which are never with out pain.
In our case we had more to utilize as well as more energy needs since this
is the first actually large industrialized 'nation' to also become an
Empire.
England never reached the industrial base that the U.S. did. And i use the
past tense because of the preseant U.S. industrial rust belt and our
shrinking international sales.
As the scale rating of Empires goes we went up very fast and we our now
coming down much faster. And i assume this is because of the enormous energy
input has heated the forge to a fury white which will soon recede to a
cooling reddish lump.
Though our energy input would indicate we are still a strong industrial
nation when it is really misleading as so much energy is used in our
personal transportation and residential demands.
As you may recall Buffet was not taken in by the NASDAQ streak to the sky.
Nor for that matter has the grand sport of selling each other houses been
proven to be a substitute for industrial production.
Russell also asks the question of how it will unwind within the empire and
when. And his conclusion that the gun shot that will wake the bear is
impossible to clearly define. Though it is out their and though the bear
hasn't knocked he is definitely circling and smelling for a meal.
As to gold the only significant similarity to the last run up in the early
eighties is the big money is already in and that was some years ago and now
the public soon will follow. And though they are not sure of the reason they
will understand that it's now the happening.
And on just a practical level it will be silver that will show the most
action for the most people. it follows gold ...going up.
Also the availability of gold is limited along with the significance of the
investment.
The gold/silver ratio is now in the mid fifties and the normal price
relationship historically is in the teens. So silver has got to rise until
that relationship norm is achieved.
Russell is the senior investment writer in the business as he has been doing
this since 58 and with and excellent market prediction record.
For a few people who will read this essay by Russell it will be seen as
conformation of their own long standing conclusions.
That an Empire such as this one which we live in cannot sustain on the
wealth of other nations. And that includes and Empires most evident tactic
of using force to extract other countries wealth.
All Empires have remained strong as long as they where expanding and a good
reference on this is: Imperial San Francisco, published in the early
nineties.
And when expansion ends empires go through the throws of contraction and
which are never with out pain.
In our case we had more to utilize as well as more energy needs since this
is the first actually large industrialized 'nation' to also become an
Empire.
England never reached the industrial base that the U.S. did. And i use the
past tense because of the preseant U.S. industrial rust belt and our
shrinking international sales.
As the scale rating of Empires goes we went up very fast and we our now
coming down much faster. And i assume this is because of the enormous energy
input has heated the forge to a fury white which will soon recede to a
cooling reddish lump.
Though our energy input would indicate we are still a strong industrial
nation when it is really misleading as so much energy is used in our
personal transportation and residential demands.
As you may recall Buffet was not taken in by the NASDAQ streak to the sky.
Nor for that matter has the grand sport of selling each other houses been
proven to be a substitute for industrial production.
Russell also asks the question of how it will unwind within the empire and
when. And his conclusion that the gun shot that will wake the bear is
impossible to clearly define. Though it is out their and though the bear
hasn't knocked he is definitely circling and smelling for a meal.
As to gold the only significant similarity to the last run up in the early
eighties is the big money is already in and that was some years ago and now
the public soon will follow. And though they are not sure of the reason they
will understand that it's now the happening.
And on just a practical level it will be silver that will show the most
action for the most people. it follows gold ...going up.
Also the availability of gold is limited along with the significance of the
investment.
The gold/silver ratio is now in the mid fifties and the normal price
relationship historically is in the teens. So silver has got to rise until
that relationship norm is achieved.
Russell is the senior investment writer in the business as he has been doing
this since 58 and with and excellent market prediction record.
Tuesday, November 6, 2007
National Priorities Project - Cost of War
Getting the most for our money.
http://www.nationalpriorities.org/Cost-of-War/Cost-of-War-3.html
This may not be of interest to you if you don't pay federal taxes or benefit
from any government programs. And which at one time was seen as the
appropriate use of tax revenue.
And if none of that is in your realm of interest or experience.
Try this one. What was the price of gas before our dear leader told them to
bring um on? Was it $1.59?
My local major posted price for... regular... is $3.40. Is $4 bucks to be
expected by Jesus Birthday? Is it worth paying this for gas so george could
get Saddams neck in a noose? And of course destroy Iraq for the six o'clock
news.
Honey, could you pop me another cold one?
You may say: cynical..i say reality.
http://www.nationalpriorities
This may not be of interest to you if you don't pay federal taxes or benefit
from any government programs. And which at one time was seen as the
appropriate use of tax revenue.
And if none of that is in your realm of interest or experience.
Try this one. What was the price of gas before our dear leader told them to
bring um on? Was it $1.59?
My local major posted price for... regular... is $3.40. Is $4 bucks to be
expected by Jesus Birthday? Is it worth paying this for gas so george could
get Saddams neck in a noose? And of course destroy Iraq for the six o'clock
news.
Honey, could you pop me another cold one?
You may say: cynical..i say reality.
Climate Change Refugees (extended version): Scientific American
This could be viewed as a description of southern California.
Maybe not the flooding from the ocean level rising but the drought effects could be drastic because of the concentration of population and peoples perceived water needs.
And yes, i do return to this issue frequently as it is not going to be experienced as the glass half empty. It will be the glass is empty and the spicket is nolonger functional.
Or, No snow on the Sierra's and the aquatic canal will be pumping air.
A Detour From a Battle Against Terror - New York Times
http://www.nytimes.com/2007/11/06/world/asia/06musharraf.html?_r=1&th&emc=th&oref=slogin
Sorry i reversed the order of the last msg. This is the original source
article in today's Times.
But either way we are again backing and with billions another dictatorship.
Even indulging in thought distortion which the nation seems to be doing at
the moment. When we can define the terms and it comes up that we are a party
to a large nations repression it leaves us little wiggle room to say we are
not supporting what we say we oppose.
It seems we will have to get it straight in our own heads before we can go
from being personally and nationally passive and to a position of active
intolerance to repression.
Sorry i reversed the order of the last msg. This is the original source
article in today's Times.
But either way we are again backing and with billions another dictatorship.
Even indulging in thought distortion which the nation seems to be doing at
the moment. When we can define the terms and it comes up that we are a party
to a large nations repression it leaves us little wiggle room to say we are
not supporting what we say we oppose.
It seems we will have to get it straight in our own heads before we can go
from being personally and nationally passive and to a position of active
intolerance to repression.
The New York Times: Reference Search for 'dictatorship'
http://query.nytimes.com/search/query?srchst=ref&query=Ultimately,%20democracy,%20not%20dictatorship,%20is%20the%20best&fw=3
Double click on any word in this article and you will be furnished a
dictionary meaning.
No not the '10 billion dollars' of your payroll deductions the neo cons have
given Musharrif. Not Freedom or Democracy, since we all know those are just
play words for the corporate media.
Here is a winner...try: dictatorship, now that's a word we all should learn
the meaning of and soon.
Double click on any word in this article and you will be furnished a
dictionary meaning.
No not the '10 billion dollars' of your payroll deductions the neo cons have
given Musharrif. Not Freedom or Democracy, since we all know those are just
play words for the corporate media.
Here is a winner...try: dictatorship, now that's a word we all should learn
the meaning of and soon.
Curcumin and Turmeric : by Ray Sahelian, M.D. benefit, side effect of Curcumin and Turmeric
I was trying to bring up the 'Curcumin' article in the Science New, Sept.
15, 2007 issue.
Unfortunately, it is not available on line but this Sahellan article is
saying the same thing and with a broader scope though i don't know the
publishing date.
If you are interest get it fresh as turmeric at the grocery store and
capping it is the least expensive. Though you will need a capper and about
twenty minutes once a month.
To be specfic the Mexican spice section seems to be the least expensive and
is always fresh if you are shopping where Latinos shop.
Dosage is either in cooking as a curry or two large caps three or four times
a week.
I also add it to the dogs food in small amounts as she is now becoming
inclined to small fatty tumors.
Also i can not recall if this article states it but Curcumin lowers and
balances cholesterol.
http://www.raysahelian.com/curcumin.html
15, 2007 issue.
Unfortunately, it is not available on line but this Sahellan article is
saying the same thing and with a broader scope though i don't know the
publishing date.
If you are interest get it fresh as turmeric at the grocery store and
capping it is the least expensive. Though you will need a capper and about
twenty minutes once a month.
To be specfic the Mexican spice section seems to be the least expensive and
is always fresh if you are shopping where Latinos shop.
Dosage is either in cooking as a curry or two large caps three or four times
a week.
I also add it to the dogs food in small amounts as she is now becoming
inclined to small fatty tumors.
Also i can not recall if this article states it but Curcumin lowers and
balances cholesterol.
http://www.raysahelian.com
Monday, November 5, 2007
Financial Sense Online Market WrapUp with Rob Kirby
We are told the Treasury supports the dollar and as Kirby and the enclosed
chart indicate.
It's a lie!
Then we are told the actual week dollar means more sales of U.S. products to
other countries.
And which may not be another lie.
But what they don't add is the difference is made up for the corporations by
us and it goes to them.
Our standard of living is continually dropping and for the individual that
is not a figure on paper. That is the real dollar. It's what it costs us to
live.
And where do the taxes go and who pays the taxes in this country?
The people pay the taxes as payroll deductions.
And where does the money go? They would like us to believe it's welfare
cheats or the equivalent.
Sorry, the money goes to weapons manufactures and support for the wars. And
the rich get richer and the poor fight amongst themselves for the crumbs.
http://www.financialsense.com/Market/wrapup.htm
chart indicate.
It's a lie!
Then we are told the actual week dollar means more sales of U.S. products to
other countries.
And which may not be another lie.
But what they don't add is the difference is made up for the corporations by
us and it goes to them.
Our standard of living is continually dropping and for the individual that
is not a figure on paper. That is the real dollar. It's what it costs us to
live.
And where do the taxes go and who pays the taxes in this country?
The people pay the taxes as payroll deductions.
And where does the money go? They would like us to believe it's welfare
cheats or the equivalent.
Sorry, the money goes to weapons manufactures and support for the wars. And
the rich get richer and the poor fight amongst themselves for the crumbs.
http://www.financialsense.com
Financial Sense Online-- Market WrapUp with Rob Kirby 11/05/2007
We are told the Treasury supports the dollar and as Kirby and the enclosed
chart indicate.
It's a lie!
Then we are told the actual week dollar means more sales of U.S. products to
other countries.
And which may not be another lie.
But what they don't add is the difference is made up for the corporations by
us and it goes to them.
Our standard of living is continually dropping and for the individual that
is not a figure on paper. That is the real dollar. It's what it costs us to
live.
And where do the taxes go and who pays the taxes in this country?
The people pay the taxes as payroll deductions.
And where does the money go? They would like us to believe it's welfare
cheats or the equivalent.
Sorry, the money goes to weapons manufactures and support for the wars. And
the rich get richer and the poor fight amongst themselves for the crumbs.
http://www.financialsense.com/Market/wrapup.htm
chart indicate.
It's a lie!
Then we are told the actual week dollar means more sales of U.S. products to
other countries.
And which may not be another lie.
But what they don't add is the difference is made up for the corporations by
us and it goes to them.
Our standard of living is continually dropping and for the individual that
is not a figure on paper. That is the real dollar. It's what it costs us to
live.
And where do the taxes go and who pays the taxes in this country?
The people pay the taxes as payroll deductions.
And where does the money go? They would like us to believe it's welfare
cheats or the equivalent.
Sorry, the money goes to weapons manufactures and support for the wars. And
the rich get richer and the poor fight amongst themselves for the crumbs.
http://www.financialsense.com
10 year old blues
We live for our myths. And it seems they are not all spiritual.
---------Original Message--------
From: A Friend of Larry's
A father asked his 10-year old son if he knew about the birds and the
bees.
"I don't want to know," the child said, bursting into tears. "Promise me
you won't tell me."
Confused, the father asked what was wrong.
The boy sobbed, "When I was six, I got the 'There's no Easter Bunny'
speech.
At seven, I got the 'There's no Tooth Fairy' speech.
When I was eight, you hit me with the 'There's no Santa' speech.
If you're going to tell me that grown-ups don't really get laid, I'll
have nothing left to live for."
---------Original Message--------
From: A Friend of Larry's
A father asked his 10-year old son if he knew about the birds and the
bees.
"I don't want to know," the child said, bursting into tears. "Promise me
you won't tell me."
Confused, the father asked what was wrong.
The boy sobbed, "When I was six, I got the 'There's no Easter Bunny'
speech.
At seven, I got the 'There's no Tooth Fairy' speech.
When I was eight, you hit me with the 'There's no Santa' speech.
If you're going to tell me that grown-ups don't really get laid, I'll
have nothing left to live for."
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