Wednesday, November 21, 2007
Tuesday, November 20, 2007
Financial Sense - Uncommon News and Views for the Wise Investor
I guess I'm in good company with my gloom and doom.
I just sent another storm warning message and then up pops this.
Please see attached.
This is the guy with the hard numbers and i have never seen him preseant his
conclusions with such a premonition of disaster.
And people don't need to take these predictions seriously as we all have the
option of waiting it out and watching the water rise.
But after our feet get wet from rising water that is followed by more of the
same.
So really this is the time to look for high ground as i doubt our great and
dear leader will be seen on the Tell-more-lies screen advising us we all
will soon be in New Orleans in a row boat.
http://www.financialsense.com/
What do the savvy people do when mkts are collapsing?
Buy government bonds and go to cash then wait it out while hoping the mob in
the street prefers the pleasure of broken glass and the free beer.
But what do savvy people do when the cash is also the world 'reserve
currency' that is being dump for euros, oil, pm's and even the preverbal
chamber pots.
We'll strange as it may sound inflation will be the first monster to come
down the street sniffing for the blood of an Englishman though I'm sure s/he
will settle for a Yankee's aswell.
Transferring some funds to other currencies is what people have always done
when possible or precious metals is another tried and true.
Currency exchange is usually handled through Ever Bank though the local will
also do it for a larger fee.
I don't know what so special about real estate in Paraguay but the story on
the net (a blog) has it the Bush family has recently bought a hundred
thousand acres equipped with a new jet runway.
I sincerely hope this story is BS for all our sake. But the story went on
that the Reverend Moon has and even larger holding near by. If the
evangelicals are also involved they got the maken's of a new Christian snake
sandwich.
Citigroup Inc. News - The New York Times
A response that i got to a recent msg describing the collapse of the dollar,
equities mkt and R-E industry along with the mortgage firms was i hope you
are exaggerating.
Don't i wish it! Here is one we all know since every town has a Citi group.
At our end it is the 'local vacuum' for people and small business money and
at the other end it is acting as a dumpster.
And it was considered number three from the bottom for investment banks. It
is a race to the bottom....And that's from top to bottom.
http://topics.nytimes.com/top
Freddie Mac
As well as the Wall st investment banks that the wage earner will be bailing out their is also this sinking tub along with his sister Fanny.
The share holders have quit pumping the bilge and are now just jumping. See chart attached.
Today's papers are finally reporting their is no end in sight for R-E fall. Though maybe 2009 may look better as one analysis remarked.
The rating companies are also feeling for the ribs of Citigroup from recent reports.
The ARMS are still coming to the trough to feed and will defiantly be hungry for some time.
What we are experiencing is a micro drama of what is happening with the world reserve currency, the dollar. They are trying to control the dollar until they can unload it on others. That means super inflation for us if we have only dollars.
And just giving us a spoonful at a time of the bad news results in the conclusion of the total transfer of wealth to the few from the many.
The housing bankruptcy is not limited to just supposed buyers; this is also affecting renters of property which is being foreclosed. Unfortunately, they are not being forewarned by either the mortgagee or the mortgage company.
It is very possible the first notice for the renting occupants of a foreclosed property would be that 72 hour evection notice that the sheriff tacks to the door.
Think not? I once saw an evection in progress where the old single women was led out of the house in complete bewilderment by a very nice sheriff and the locksmith was changing the lock.
We learned their was a out of town owner who never came by and the women never used the front door because of the steps. So she never saw the eviction notices. This was in the area where the 'nice' people live. Two Blocks below College ave on Ashby in the Berkeley/Oakland area.
I was working next door and we called the woman's daughter who rarely had come by to check on her.
What's the point?
It was all done and no one was maliches. So don't expect the system to be consionus or have a heart when they start the shredder up.
http://finance.google.comMonday, November 19, 2007
San Jose Mercury News - Editorial: California revenue shortfall should be no surprise
This should not be a surprise that state revenue is falling since the Real Estate industry including the mortgage aspects as we all know are in severe straights.
But again we should realize that news such as this state revenue short fall probably means those proposed bond issues to deliver more water to southern California will never materialize.
And in my opinion the state and especially southern California has no issue as critical as the water problem which is developing.
This is far more than brown turf on golf courses. This is 23 million people looking down the barrel of severe drought if their is not significant snow on the Sierra's this winter.
Hussman Funds - Weekly Market Comment: Critical Point
http://www.hussmanfunds.com
Hussman could not get more explicate than this that he is expecting
significant financial mkt problems to drive the trading world into crisis.
I have read that story before that the Fed had not actually put that much
more liquidity into the system.
Also his prediction that the mortgage resets are expected to only get worse
has been suggested by others as well and for the same reason.
For the fixers, all that glitters is certainly gold - Business
Some trading details that i have never read before. Those names mentioned as sellers and buyers are really acting as agents for other parties.
And as to the Rothschild's leaving the game this is doubted by some observers as they are a major financier's in gold exploration and mining on some of the continents.
It has been speculated that the Rothschild's just did not want to be that evident any longer.
Lets put it another way, since they own banks which are shareholders in the major western central banks it might be fair to say they control western fiat paper sources. So it would not seem they would want to not set price standards for gold.
Saudi minister warns of dollar collapse | Business News
For those that haven't heard this development has also been openly addressed individually by S. Korea, Kuwait, Russia and China. And they have all done their talking somewhat openly. The smaller oil producers in the middle east are also seeing the falling dollar inducing significant inflation which means their purchasing power is quickly falling even as they are desperately extracting crude to pay the bills and keep the Arab public pacified.
The dollar is continually sinking with small flurries of minimal recovery. Or in mkt language it has lower highs and lower lows.
So what will be the result? Oil will become more price stable as support for the dollar becomes more erratic. The dollar will experience a significant drop at some point and the rush for the door will then begin.
But through out this dance crude oil will retain it's supply and demand credibility.
The traditional playoff between the dollar and gold will continue to be erratic until the world flips to another 'reserve' currency. And what might that be? The choices are few but it would have to be one that has known gold reserves and a existing large world wide acceptance.
The Euro is being accepted by Russia, Venezuela, and Iran so the short list is.... one... the Euro.
Also, you can see from this article our dear friends in the KSA are themselves seriously considering it. Reading between the lines of this over heard discussion my conclusion is they are saying: It's a matter of timing.
Their is also a middle east oil producer finance ministers meeting scheduled. And the agenda unannounced though will be how to get the most bounce from the dead cat.
As to the KSA they are the dearest of dear friends though their is speculation that they have been in discussion with the Chinese regarding their taking over the guard duty which has been the bases of their loyalty to the U.S.
The U.S. is the defender of the their Kingdom from their neighbors aswell as from their own people in exchange for unlimited oil. And since KSA is also experiencing "Peak Oil" with regards to their production it is a situation of : The we will take what ever KSA gives us and at any price.
The U.S. runs oil for blood and with out oil we die. That's of course unless we change drastically. And actually at this point the crash will come first and change will soon follow.
And further spelling it out if the buck is nolonger the world 'reserve currency'
it's good by dolly and hello Peking.
Do I know what I'm talking about?
Actually, what i believe i am doing is to summarize the conclusions of the gold and oil analysis who feel their is no coming back for the dollar at this point.
Will we notice the effects of this falling dollar ourselves here in Never Never land?
I would say: yes...if we also continue to eat and use energy.
Today gold is down but so is the dollar. The difference is gold will continue to ascend while the dollar will continue to decline.
Sunday, November 18, 2007
The Oil Drum: Canada | The Finance Round-Up:
Hold your hat....the roller coaster ride has just begun.. or so this report concludes.
Maybe to put this reported coming collapse in perspective it was just a few months ago that we begain to get... full... conformation that the R-E industry was in regional collapse.
And it was also just recently that they begain to acknowledge the mortgage industry was in terrible shape and it wasn't just the bottom tier nor where they seeing and end in site.
And finally after a few months of digging holes and cover ups we are now being told it is not just one or two of the big investment banks that are in distress it is probably all of them. Including those corporation that where supposedly going to insure those loans and bonds.
So this is some of the details we are not usually privy too.
I left the comments section off on this one as it is long as well as informative. If you are interested just go to the original site and bring up the article.
Wednesday, November 14, 2007
Why FAS 157 strikes dread into bankers | William Rees-Mogg - Times Online
It seems the banks have not been able to stop the coming about of what has
been reported as the "end of the world".
And why might that be? We'll lets consider it from "The art of war"
perspective.
The bankers say to themselves what is knew here? We all ready know bucket 3
is going to be full of junk from our investments. So after the assessment
audit a lot more people are also going to know, so what?
Which means this financial garbage barge off the island of Manhattan becomes
freighting and embarrassing to the government and the public aswell.
And rather than us fat cats (investment banks) trying to talk the problem
away or continue to slip some of the trash in with the pot roast what might
happen is the government panics.
And then sets up a dispersal agency which sells bucket 3 contents
for a quarter on the dollar and we get paid both ways.
Just a thought as the upper echelon of investments banks are not interested
in the figures. For them it is deal making and concepts and saving their
skins. Which is some times referred to as the bottom line.
I see you are still doubtful that it all could be financial and contrived.
Please consider Siedman and the S&L disaster in the early nineties. And the
government agency he set up just gave it away and in some cases to the same
class who had just lost it.
Then their is LTCM (Long Term Capital Management) in 98 who lost it trying
to sell ice cubes to the Russian's and who actually like their Vodka neat
and room temperature.
And for that circus the Fed dressed the show up by have Warren Buffet come
in and make it legit. But he told them never again. Oh, the LTCM losers
(traders) where back trading again within the year.
This time they will have to find someone devious to the extreme with a
personality of 'something' between a hangman and a Black Mamba ..
And I offer an inflation penny for your answer!
Who out their said Condi Rice? We'll who ever you are you have one minute to
jump in bucket 3 and stuff your pockets.
http://www.timesonline.co.uk
Brown Goes Green - a photoset on Flickr
Three wheel electric plug in Zap PU.
And it looks like they intend to use them when they go to lunch.
But what ever it's another start to driving in the right direction.
The 'Bajaj Van' may actually be more functional since it has better range, less initial cost and no batteries to lug around and eventually replace.
Also it comes as a closed container for the cargo. The cruising speed is about 35 so it's definitely an urban choice and not for the freeway.
And in my opinion a small clean gas engine is less carbon foot print than either the large natural gas or coal fired power plants that powers the ZAP.
But even considering all these reservations i am glad to see the ZAP coming down the road.
Try www.BajajUSA.com or www.ArgoUSA.com
to see pictures of the van and pick up and a list of regional dealers for the Bajaj.
Tuesday, November 13, 2007
Curry Spice May Counter Alzheimer's
The Turmeric powder has been found very effective for a range of complaints. And especially those which involve site inflammation: heart, arteries and possibly precancerous.
The research has been centered on inflammation for 10 or more years.
Other studies i have read indicate the with age adjusted groups from India and the U.S. Alzheimer's is much lower in the Indian group.
And just addressing Alzheimer's other supplements that are considered preventative are a couple of the B vitamins.. Foliate and B-12 come to mind. And the omega 3's are essential.
If you can find a kelp related source that maybe the way to go. It really all starts with Kelp and then works up the food chain until it gets to us.
As too turmeric dosage it is definitely a sliding scale. But a couple of capsules 3-4 times a week is sometimes mentioned.
Financial Sense Online Market WrapUp with Frank Barbera
It sure is tempting to 'leave the economics to our betters' as the saying was once used.
But know it seems our betters have installed a vacuum directly to any and all acquired wealth we may have accumulated.
And if they are not getting it all that way they initiate inflation to assure that they will.... get it all.
Barbara's analysis are always accurate in source as well as conclusion is what i have found over the years.
And he is also quoting Ron Paul in his lecture of Bernanke at the recent
Congressional hearing. Paul it seems is getting praise from all sides from those who advocate fiscal sanity.
And if you have doubts as to why some analysis are very concerned and especially regarding the direction of inflation. Just check the enclosed charts that are provided. With significant inflation people starve as the buying power of the fixed income disappeared.
And for those with wealth, any wealth over the funds for necessities. Their surplus wealth also disappears by the diminished value of their dividends and returns.
Stage is set for a stock crash - MSN Money
It seems the msg is now being dispensed to even us fish swimming in the
pond.
The msg until recently that we where receiving was. "We'll their had been a
problem but don't worry the road crew just patched all the pot holes in the
road to perpetual plenty. So just get on board little children this rides
for you!"
And the question to the expert was not how can this econ disaster be fixed.
They are now asking for how long will this last as well as how large could
it get. They don't like their answers and neither will you.
The main reason it is such a disaster is they can't define it's scope as
every time they seem to try they are finding more problems.
http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/StageIsSetForAStockCrash.aspx
pond.
The msg until recently that we where receiving was. "We'll their had been a
problem but don't worry the road crew just patched all the pot holes in the
road to perpetual plenty. So just get on board little children this rides
for you!"
And the question to the expert was not how can this econ disaster be fixed.
They are now asking for how long will this last as well as how large could
it get. They don't like their answers and neither will you.
The main reason it is such a disaster is they can't define it's scope as
every time they seem to try they are finding more problems.
http://articles.moneycentral
How To Recognize a Financial Mania When You're Smack Dab in the Middle of One Susan C. Walker 321gold
I feel the basic premises that we are now in a mania cycle of the markets is completely valid. And they offer some points as to how to recognize this cycle.
And don't be confused that he is referring to the present R-E mortgage mania cycle. He is describing the larger over all failure which we are also experiencing.
I say 'describing' though in reality i don't think either the manic or the depressed economic states are describable other than in the past tense. And i won't drag this out but even comparisons of past cycles as he is describing are not an adequate gauge to what we may experience.
I can justify that conclusion but maybe just saying the magnitude of the forces now confronting us are not comparable to anything described as experienced in past cycles.
Monday, November 12, 2007
Financial Sense Online Market WrapUp with Rob Kirby
http://www.financialsense.com
The Fed here is acknowledging that the means of exchange..The dollar, the
reserve currency..is faith based. Their term as quoted and also included in
this spiritual revelation is the statement that all of the other paper money
of the world is also funny money.
And in the second quote from the same source it is clarified how they will
try to keep this scam alive.
And which is to drive down the price of gold by selling gold futures in to
the world market.
Will they succeed? Hardly, as the dollar is not going up unless we can call
today's bounce anything other than a dead cat bounce. It is a holiday of
sorts so that gives them some slack to play on the slaughter house floor.
End result in my opinion. More selling of the dollar. More buying of gold
and silver. And more inflation for the likes of us.
Are the 'candidates' discussing issue which are lodged in our wallets?
No way! They have their own fantasy issues which are mostly of less interest
to the public than why is the price of everything going up.
Sunday, November 11, 2007
UrbanSurvival: Free daily business & financial news, longwave economics
I find this site to be timely and the reference sites are also some of my favorites.
And i just got around to checking it tonight and some folks may be getting tired of hearing me ring the fire bell. But again it sure does not look like a drill this time around.
And this site is stepping out front of the crowd with the flashing red light.
So I am sending it along as you may want to check it now and again.
You may also find the two charts of interest.
Also, his conclusion that they have only one door to open and fall through. Which is inflation big time. Especially on the two items that are not included in the CPI....energy and food.
And when reading this site it maybe appropriate to consider the author
is deep into market econ but also into personal alternatives. And which of course influences his conclusions.
And having made this disclaimer since i am indorsing this site. I still think his heightened concerns regarding the mkt, the dollar, shortages and inflation are timely and reasonable.
FASB 157 regulation - Google Search
I apologies if i upset anyone in those last two msg about Bucket 3 which it
seemed was preparing to take down the finacial systems. Apparently, our
noble leaders are proposing a solution. The brilliant plan is to just
ignore the problem that bucket 3 has a hole in it and hence the contents,
now air have no value.
Now that's pretty slick.
Oh, you are having a little problem wrapping around that?
We'll think of it this way. Something really big died in the living room
like a horse and it is giving off a nauseous odor. You with me? We'll take a
sniff and you will be.
So using the 'brilliant plan' as proposed what we all have to do is pretend
it didn't die or at least on the sofa in the living room.
And of course and unfortunately for us that involves not breathing.
You are saying that may cause further complications. Hey Dude, You are not
suppose to do two things at once like not breath and think too.
Just get with the plan.
http://www.google.com/search?client=firefox-a&rls=org.mozilla%3Aen-US%3Aofficial&channel=s&hl=en&q=FASB+157+regulation&btnG=Google+Search
seemed was preparing to take down the finacial systems. Apparently, our
noble leaders are proposing a solution. The brilliant plan is to just
ignore the problem that bucket 3 has a hole in it and hence the contents,
now air have no value.
Now that's pretty slick.
Oh, you are having a little problem wrapping around that?
We'll think of it this way. Something really big died in the living room
like a horse and it is giving off a nauseous odor. You with me? We'll take a
sniff and you will be.
So using the 'brilliant plan' as proposed what we all have to do is pretend
it didn't die or at least on the sofa in the living room.
And of course and unfortunately for us that involves not breathing.
You are saying that may cause further complications. Hey Dude, You are not
suppose to do two things at once like not breath and think too.
Just get with the plan.
http://www.google.com/search
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