Philosophical Significance of Grinding,
From Shri Sai Satcharita,
Apart from the meaning which the people of Shirdi put on this incident of grinding wheat there is we think, a philosophical singnificance too. Baba lived in Shirdi for about 60 years and during this long period , he did the business of grinding almost every day- not however the wheat alone, but the sins, the mental and physical afflictions and the miseries of his his innumerable devotees. The two stons of his mill consisted of karma and bakhti; the former being the lower ane and the latter the upper one. The handle, with which Baba worked the mill consisted of dhyan. It was the firm conviction of Baba that knowledge of self realization is not possible unless there is a prior act of grinding of all our impulses, desires, sins and of three gunas, viz Sattva, Rajas and Tamas and the Ahankar which is so subtle and therefor so difficult to get rid of.
Quote from his book,
From The Times
May 17, 2008
Japan's silos key to relieving rice shortage
American farmers supply Japan with large quantities of high-grade rice, much of which languishes in silos or becomes animal feed
Leo Lewis, Asia Business Correspondent
The United States and Japan are poised to strike a deal that will remove one of the most widely reviled distortions in global rice markets and could send prices plummeting in the coming weeks.
The move, which will flood the market with an estimated 1.5 million tonnes of high-grade American rice that is sitting in Japanese silos, comes amid continuing rice export restrictions by some of the world's biggest suppliers and rioting in countries where the population cannot afford the price increases.
Senior government sources in Tokyo told The Times that Japan had received permission from Washington to begin exports from its giant, but largely hidden, mountain of unwanted American rice to countries that need it most. The exposure of the vast Japanese rice surplus has emerged as one of the chief imbalances of world rice markets and an effect of the complex and wasteful lattice of rules, subsidies and pacts that have knocked global agriculture markets so badly out of kilter.
Rice experts say that the move could defuse temporarily one of the principal catalysts of the food-price crisis - the perception that the world is running out of rice - and the panic and hoarding that has accompanied it. With commodities traders sniffing that a US-Japan deal was imminent, rice futures ended the Asian trading week in a dramatic nosedive as the prospect of a sudden supply surge and bullish harvest forecasts routed speculative money from the market.
The collapse came as think-tanks and food experts called on Japan and the US to urgently unwind one of the biggest “invisible” distortions in global rice markets: a quirk of World Trade Organisation (WTO) rules that obliges Tokyo to buy rice it does not need and that eventually rots in storage. The WTO rule, its many critics say, effectively turns millions of tonnes of high-grade American produce into feed for Japanese hogs and chickens. :dumm
full story: http://business.timesonline.co.uk/t...icle3948493.ece
...diese Welt hat wirklich einen Knall :kopf
Did you guys listen to Tim Wood on Puplava this week end ??
He's usually kool calm and collected and this weeks basicly sees the horrible truth of the economy. listen from the 15 min mark to 20 min.
May 17, 2008
1st Hour with FS NewsTeam
Select an Audio Format
RealPlayer | WinAmp | Windows Media | Mp3
Tim W. Wood
Amazonasurwald zum Abschuss freigegeben
Brasiliens Umweltministerin Marina Silva tritt zurück / Bis zu 40 Prozent des Regenwalds vor Abholzung
Von Karl Weiss, Belo Horizonte
Am vergangenen Dienstag hat die brasilianische Umweltministerin Marina Silva endgültig das Handtuch geworfen und ist zurückgetreten. Jetzt ist der Weg frei, auch noch die letzten Hemmungen abzulegen im Abbrennen und Abholzen des weltgrößen Regenwaldes im Amazonasbecken(„die Lunge der Menschheit“). Der parlamentarische Führer der brasilianischen Grossagrarier hat dies - wenn auch in verschleierter Form – bereits angekündigt.
Die "Lunge der Welt" - bald könnte sie so aussehen
Die Umwelt-Ministerin Marina Silva war eine der Ikonen der Regierung Lula in Brasilien. Sie kam aus Amazonien, sie war Begleiterin von Chico Mendez in seinem Kampf gegen die Grossagrarier und Holzkonzerne und für die Rechte der Kleinbauern und den Schutz des regenwaldes, bevor er im Auftrag von einem von ihnen ermordet wurde. Sie hat es von einer Analphabetin zu einer gebildeten Ministerin geschafft. Sie schien für die international Umwelt-Bewegten die Garantie zu sein, die Vernichtung des Regenwaldes würde gebremst werden.
Wenn man also später einmal im Rückblick ein Datum festlegen will, wann es endgültig klar wurde, das Ende der Menschheit, wie wir sie kennen, wird nicht mehr aufzuhalten sein, dann könnten einige der wenigen Überlebenden auf die Idee kommen, es könnte der 13. Mai 2008 gewesen sein......
.....Er sagte in bemerkenswerter Offenheit zum Rücktritt, „die Ministerin erlitt die Konsequenzen der Reaktion des ‚produktiven Sektors‘“. Er bezeichnet als ‚produktiver Sektor‘ die Grossgrundbesitzer, die intensive Raubbau-Landwirtschaft betreiben......
......Kurz zusammengefasst: Der Amazonas-Urwald ist zum Abschuss freigegeben.....
ganzer Artikel: http://www.berlinerumschau.com/inde...kelUmweltWeiss1
danke :verbeug an André, 18.05.2008, 19:28 (das Gelbe Forum)
NANO SILVER, second thoughts?
-> Posted by GoldenMaples @ 13:25 pm on May 18, 2008
TheStar.com - News & Features - The tiny, useful particle that could also be a health problem
May 18, 2008
For as long as there have been socks, there have been smelly socks, and attempts to try to solve that eternal, noxious problem.
For the last few years, a type of sock has become very popular because it has the solution built right in: infinitesimal particles of silver, naturally anti-bacterial and, thus, anti-odiferous.
The silver, known since ancient times to have disinfectant properties, works so well because particles so small can be vastly more powerful than the same substance at normal size.
It’s hard to overstate just how small. “Nano” means one-billionth of a metre. In many cases, this refers to the scale of atoms, which are the smallest units of all matter.
A human hair, by comparison, is 80,000 nanometres wide.
But what happens to the particles in the socks? In an experiment reported at the American Chemical Society meeting last month, two Arizona State University scientists, Troy Benn and Paul Westerhoff, washed seven brands of nanosilver socks and then tested the wastewater. All but one pair leaked silver.
That silver, of course, ends up in our sewers, rivers and lakes.
Results like this have strengthened the calls among scientists and environmentalists for a closer examination of nanoparticles and their effects on humans and the environment.
A number of consumer-protection groups have filed a legal petition with the U.S. Environmental Protection Agency to force the agency to halt the sale of consumer products containing nanosilver.
The groups include the Washington-based International Center for Technology Assessment, as well as Greenpeace and Friends Of The Earth.
The interest in nanomaterials is coming at a time of growing awareness of how chemicals – many of which we don’t know are manufactured into the products we use on a daily basis – may be causing us harm.
Last month, the Canadian government said that it would declare bisphenol-A – a chemical commonly found in hard, clear, plastic water and baby bottles, and the linings of tin cans – a toxic substance. Retailers around the world pulled products containing the chemical from their shelves.
The Project on Emerging Nanotechnologies (PEN), also Washington-based, says it has inventoried more than 600 consumer products in 20 countries with nano-scale materials, and “new nanotech products are hitting the market at the rate of three to four per week.”
The most prevalent nanoparticle product contains nanosilver. Over 60 per cent are “health and fitness” products, according to the project, an initiative of Woodrow Wilson International Center for Scholars.
You can find nanosilver in products from clothing and shoes to mattresses and pillows to appliances like Samsung’s SilverCare washers, and Conair’s Infiniti Nano Silver hair straighteners. The TTC also intends to paint the stanchions in its new subway cars with antimicrobial silver.
Friends of the Earth found more than 100 nanomaterials in food and food packaging, including Miller beer bottles that have nano clay, making them less likely to shatter.
Titanium dioxide is found in sunscreens. Fullerenes and alumina nanopowders in cosmetics. Zinc oxide in food additives.
These new uses for nanomaterials have some scientists worried.
“The new controversy is, should it be incorporated into sweatshirts and shoes?” wonders Kevin Robbie, a physics professor at Queen’s University in Kingston and the Canada Research Chair in Nanostructured Materials. “Generally it’s not a very good idea.”
Last December, in the journal Biointerphases , Robbie and two researchers published a comprehensive review of nanoparticle toxicity, mostly to ensure they understood the risks of the materials they work with every day. As a result, they have tightened their cleaning procedures and now store their nanoparticles in fluid, to prevent them from becoming airborne.
The problem is that little is known about how nano-sized elements will act in living organisms and the environment.
When something gets that small, it begins to take on unexpected properties. It can dissolve where the bulk size could not. Or it can begin to conduct electricity. “Even though we know that gold has certain characteristics as a chunk of gold,” Robbie explains, “when you make it into nano gold, it’s hard to predict what it’s going to do.”
Research on nanoparticles has raised some concern among scientists.
Nano-scale titanium dioxide, used in some sunscreens, has been found to cause inflammation in rat lungs. “If rats breathe them in, you find that the smaller you make them, the more harmful they are,” says Andrew Maynard, PEN’s chief science advisor and a nanotechnology expert.
Studies have so far been inconclusive, however, as to whether nanoparticles can penetrate healthy skin.
Nano-sized carbon and manganese-oxide have been found, when inhaled, to make its way up to the brain.
As for nanosilver, its ability to kill cells is well known, hence its use as a germicide.
However, the concern is that it doesn’t discriminate between good cells and bad cells.
A recent study found that nanosilver inhibits the growth of beneficial bacteria in wastewater-treatment plants, which remove harmful ammonia from the effluent. Meanwhile, silver is highly toxic to fish, sparking worry about the element at the nano scale.
Also, new research is looking at how nanosilver and other nanoparticles might disrupt cellular metabolism. After all, DNA and the essential proteins they encode are nano-sized.
“If you put a nanoparticle into a nucleus of cell, is it like throwing a wrench into it?” Maynard asks. “Early indications are that nanoparticles can interfere with biological processes at that level.”
Why are manufacturers embracing nanomaterials with such vigour? Couldn’t they just use larger sized versions of the same chemicals and avoid all this worry?
The fact is that nano-scale materials can be much more effective and, because less material is used, cost-effective too.
For instance, the sun blocker titanium dioxide can paint the skin white. That’s okay if you’re a beach lifeguard. For the rest of us, manufacturers know that the tinier the particle, the more transparent the sunscreen will be. Similarly, it’d be hard to impregnate the fabric with silver and keep it soft. But with nanosilver, you can give the wool or cotton antimicrobial properties and have it feel like wool or cotton.
Of course, we need to remember that humans have been exposed to nano-scale elements in nature throughout evolution. Think of fine carbon particles from fires, or superfine dust, or even salt particles in sea spray.
“There’s a distinction between those and the ones we’re fabricating,” says Dr. Ivan Pacheco, co-author of the Queen’s review, and an expert in gastrointestinal physiology. “Now we’re engineering them, so the nanoparticles we’re making are quite different in morphology, and we still don’t know what properties they have and what they’re doing to our health.
“Most,” he says, “are not being screened properly.”
Our bodies have adapted over millions of years to many natural elements. The worry is how they’ll react to these new ones.
“That’s the obvious question: If we’re putting these things into consumer products that we’ve not been exposed to before, are there any serious problems there?” says Maynard.
Is banning them from products the answer? Robbie says probably not. Take the use of nanosilver in bandages used on burn victims. They’ve become essential to medicine, he argues.
“So banning something like nanosilver would be a bad idea.”
The scientists say that regulation and research are what’s needed.
Canada deals with nanomaterials under current legislation. The Canadian Environmental Protection Act requires any new chemical to undergo a human health and environmental risk assessment.
Since last year, new nanomaterials – including the nano-scale form of a substance already in use “if it has unique structures or molecular arrangements” – must be registered.
In the U.S. the picture is similar. Any substance or device that claims to kill germs is to be registered as a pesticide. Nanosilver is theoretically captured here, and the government last year forced Samsung’s washers to register in this way.
But considering how quickly the market is expanding worldwide, the scientists doubt that current regulations are sufficient. They also point out the lack of regulations that specifically address nanoparticles and say that not enough is being spent on their health effects.
Companies are reacting to the growing concern. Last January Dupont was the first firm to provide its nanomaterial product information to the EPA. In a position statement, it says it believes in the “development of responsible safety standards and test methods; the coordination of research to generate reliable, peer reviewed data based on good science; and the adoption of appropriate regulations as needed.”
Not all companies are as forthcoming on their intentions. “The worry about new nanomaterials is completely justified,” Robbie says, “because manufacturers have been producing more and more, and a broader range, of constituents than ever known before, and launching them into the marketplace with minimal tests.”
1.000 neue Hochhäuser
von Michael Vaupel
*** Zunächst ein Hinweis:
Diejenigen von Ihnen, die gerne einmal Marc Faber „live“ erleben möchten, können dies tun:
Am 7. Juni in München, auf der „Emerging Markets Konferenz 2008“.
Details zu dieser Veranstaltung finden Sie hier
*** Dann zum Thema Rohwaren.
Zur Begründung für den aktuellen Bullenmarkt muss ich gar keine komplizierten Begründungen anführen. Denn im Prinzip ist es eine Binsenweisheit:
Die Weltbevölkerung wächst und wächst, gleichzeitig gehen die Ackerflächen zurück. Da ist es doch ganz klar, dass die Preise für Rohwaren tendenziell steigen.
Konkrete Zahlen für China (Quelle: National Geographic):
Die Ackerfläche Chinas hat sich seit 1949 um rund 20% verringert. Gründe dafür sind neben den wachsenden Städten auch die Umweltverschmutzung sowie Versteppung von Ackerflächen. Und jedes Jahr verliert China weitere Ackerflächen, dafür sorgen z.B. Sandstürme.
Millionen Chinesen ziehen zudem vom Land in die Städte. Die Städte weiten sich aus, der Wohlstand wächst (wenn auch von niedrigem Niveau aus, aber er wächst).
Die Nachfrage nach Waschmaschinen, Computern, Autos etc. steigt. Die knappen Ressourcen der Welt verteilen sich auf immer mehr Menschen…und es gibt immer weniger Ackerland. Und die „Lösung“, den Regenwald Brasiliens abzuholzen, um mehr Ackerland zu gewinnen, ist keine Lösung.
Ein US-Kollege (Christopher Hancock) hat dazu Folgendes recherchiert:
In China sollen alleine in Shanghai bis 2011 rund 1.000 neue Wolkenkratzer gebaut werden.
1.000 neue Wolkenkratzer! Das sind Dimensionen, da wird zumindest mir (bildlich gesprochen) ganz schwindelig. Lächerlich klein kommt dagegen unser „Mainhattan“ vor.
Nunja, jedenfalls soll sich laut dieser Prognose der Stahlbedarf Chinas bis 2031 verdoppeln. Das würde bedeuten: Im Jahr 2031 würde China mehr Stahl verbrauchen, als die gesamte westliche Welt heute.
Na, ob das mal so stimmt? Doch auch wenn nur ein Viertel davon so eintreffen wird, hätte das spürbare Konsequenzen für die Preise der „beteiligten“ Güter wie Zink, Eisenerz...
Eine entsprechende Positionierung sollte sich langfristig auszahlen.
Ich wünsche Ihnen eine angenehme Woche,
...wie hoch noch :confused:rolleyes
22.00 - 23.25 (85 min.)
Die Betonwelt der Menschen rückt bedrohlich immer näher an den Lebensraum der Tierwelt. (Zebra im Nairobi National Park, Kenia)
Die zitierten Wissenschaftler lassen keinen Zweifel daran, dass wir nicht noch einmal zwanzig Jahre Zeit haben nachzudenken. Der Film ist ein Weckruf mit einer klaren Botschaft: "Wir haben nur einen Planeten und seine Ressourcen sind begrenzt".
Der aktuelle Bericht der Umweltbehörde der Vereinten Nationen (UNEP) zieht eine dramatische Bilanz zum Zustand des Planeten: "Die Menschheit lebt über ihre Verhältnisse" - so der Bericht. Die "großen Mengen an Ressourcen, die zum Überleben benötigt werden, übersteigen das Angebot der Erde". Es ist dies nicht nur eine Diskussion um einen abstrakten Klimawandel und die Emission von Treibhausgasen. "Ohne die Art, wie wir Wirtschaft betreiben, zu reformieren, werden wir in Kürze Schwierigkeiten bekommen", so der Generaldirektor der UNEP Achim Steiner bei der Vorstellung des Berichts.
Australien will von 2010 an nur noch Energiesparlampen einsetzen. Ein richtiger Schritt, aber solche und andere Einzelmaßnahmen werden wohl nicht reichen. Denn das Nachdenken über den globalen Klimawandel und den Raubbau globaler Ressourcen führt zu Erkenntnissen, die eine fatale Kette von Folgen aufzeigen: schrumpfende (Regen-) Wälder, sich ausbreitende Wüsten, Anstieg der Erderwärmung, schmelzende Gletscher und Eisberge, immer stärkere und immer zerstörerische Stürme, ansteigender Meeresspiegel, verschwindende Spezies, erodierende Böden...
Ähnlich wie der Bericht des IPCC (Weltklimarat der Vereinten Nationen) wird auch der UNEP- Bericht von etwa 1000 Fachleuten geprüft und mit den Regierungen der UN-Mitgliedsstaaten abgestimmt. Er macht deutlich, dass der Zustand der Umwelt das Überleben vieler Menschen bedroht: Allein 1,8 Milliarden Menschen werden in den nächsten 20 Jahren unter Wasserknappheit leiden. 60 Prozent aller Ökosysteme der Welt sind bereits jetzt zerstört oder überstrapaziert. Jeder Erdbewohner verbraucht heute im Schnitt so viele Ressourcen, wie 22 Hektar Erdboden liefern können.Der Planet kann aber nur 15 bis 16 Hektar "liefern".
Die Dokumentation "Unser Planet" versucht eine Bestandsaufnahme und versucht Antworten zu finden auf die Herausforderungen, die uns der globale Klimawandel und der Raubbau der globalen Ressourcen stellt. "Unser Planet" ist das aufwändigste Dokumentarprojekt, das je in Skandinavien produziert wurde (Kosten: rund 3 Millionen Euro). Mehr als zwei Jahre hat sich die Filmcrew in über 25 Ländern ein Bild vom Zustand unseres Planeten gemacht.
Herausgekommen ist eine in doppeltem Sinne "atemberaubende" Dokumentation. Zum einen, weil sie mit immer wieder überraschenden und cineastischen Bildern den Blick schärft für die Schönheit dieser Welt - zum anderen, weil der Film die trockenen Zahlen eines UNEP- oder IPCC-Berichts in beängstigender Form Wirklichkeit werden lässt.
....sollte man unbedingt sehen
Am 16. Mai forderten die Coordination und der Berufsimkerbund ein Verbot der Pestizide Gaucho (Imidacloprid) und Poncho (Clothianin), um weitere Bienensterben zu verhindern. Nur wenige Stunden später zog das Bundesamt für Verbraucherschutz die Notbremse und verbot die beiden Wirkstoffe zur Saatgutbehandlung. Die Coordination fordert ein Verbot von Gaucho seit 1999. :rolleyes
Frankfurter Rundschau, 17. Mai 2008
Pflanzengift tötet Bienen
Chlothianidin...mit diesem Insektengift wird das Maissaatgut behandelt (TagesAnzeiger 20.Mai 2008)
19. Mai 2008
Großbritannien erlaubt Herstellung von Mensch-Tier-Embryonen
Die Debatte war kontrovers, aber am Ende stand eine deutliche Mehrheit: Das britische Unterhaus hat der Herstellung von Embryonen aus menschlichem Erbgut und Eizellen von Tieren für die Stammzellenforschung zugestimmt. Kritiker befürchten jetzt eine "Frankenstein-Wissenschaft"....
......Britischen Forschern war es Anfang April erstmals gelungen, Chimären-Embryonen aus menschlichem Erbgut und Eizellen von Kühen zu erzeugen (mehr...)......:bad
ganzer Artikel: http://www.spiegel.de/wissenschaft/...,554214,00.html
Zitat des Tages - aus Trader's Daily
„Die zehn Gebote Gottes enthalten 279 Wörter, die amerikanische Unabhängigkeitserklärung 300 Wörter, die Verordnung der europäischen Gemeinschaft über den Import von Karamellbonbons aber exakt 25911 Wörter.“ :rolleyes
- Verfasser unbekannt
Posted On: Thursday, May 22, 2008, 12:18:00 PM EST
Dumb and Dumber Awards 2008
Author: Jim Sinclair
The Dumb Award for the year goes to our revered legislators who have passed a bill allowing civil litigation against the Saudis over oil prices :dumm If you want to see crude at $200 tomorrow, all you have to do is anger the source of energy.
Now comes the Dumber Award, which is coveted due to the difficulty in getting it.
The markets for crude, currency and gold are GLOBAL.
Gold was sold due to fear this might apply to the yellow metal as well.
It would be bullish to shut down the US market for gold because then you would have a thin market with a positive Euro bent on gold and a more positive global market would be created.
No access for major traders will be denied, that you can be sure of. I would love to see US trading stopped in paper gold. That would be good for $150 on the upside after less than 24 hours.
The poor COT would not be able to create the influence on the global market they do with the aid of the US paper market cabal.
Europe and Asia are more respectful of the price of cash trading in gold. They prefer less regulation with greater privacy
Selling gold on the comment below regarding Oil is a criterion that will short list you for the Dumber Award of 2008.
Gold is headed for at least $1650 by January 14th, 2011. This price objective will likely be reached sooner. I expect the price of Gold to reach $1200 in 2008.
Things are infinitely worse than the media and statistics present.
Consequences cannot be avoided.
The US dollar on the USDX will trade at .62 and then .52.
U.S. Congress could ban speculators from commodities *Bloomberg News
Published: May 21, 2008
WASHINGTON: The chairman of a Senate oversight committee has said he is considering legislation to place limits on large institutional investors in commodities markets, which have posted record prices this year in agricultural products and oil.
The legislation would be aimed at speculators and other investors who use commodities as a way to hedge against swings in other investment instruments like stocks and the dollar, said Joseph Lieberman, chairman of the Senate Homeland Security and Government Affairs Committee, at a hearing Tuesday.
Crude oil reached $132.25 a barrel Wednesday, the highest price ever, and it has almost doubled in the past 12 months. Wheat, corn, soybeans and rice have all set record highs this year on the Chicago Board of Trade, spurring food inflation. The Reuters/Jefferies CRB index of 19 commodities surged 31 percent in the year that ended April 30.
"We may need to limit the opportunity people have to maximize their profits because a lot of the rest of us are paying through the nose, including some who can't afford it," said Lieberman, Independent of Connecticut.
The plunging value of the dollar, the U.S. housing crisis and widespread problems in the banking sector have led investors away from traditional instruments and toward commodities, witnesses said.
* das wäre ein Fest beim Gold :cool
Gestrandete Wale gerettet
Fischer brachten dutzende an der Küste des Senegal gestrandete Grindwale wieder zurück ins Meer und retteten so die meisten der Meeressäuger.
.....leider verendeten trotzdem noch viele am Strand - dank der von Menschen geschaffenen Umwelt :(
Jim Sinclair’s Commentary
First we got a computer glitch that did it at Moody's. Now we get a story about how the butler from Merrill did it, and we did not even know they had a butler.
I imagine the cleaning lady did it at night when no one was there to supervise her mopping up the OTC derivative mess.
Merrill Suspends Trader, Finds Overvalued Derivatives (Update1)
By Jacqueline Simmons and David Scheer
May 23 (Bloomberg) -- Merrill Lynch & Co., the third-largest U.S. securities firm, is probing one of its trading desks in London and has suspended a trader after discovering he may have overstated the value of some of the bank's equity derivatives.
``The firm routinely reviews the marks our traders set,'' Merrill spokesman Jezz Farr said today in an e-mailed statement. ``Our preliminary review determined that one desk used marks that appear to be outside of our accepted policy. We have suspended a trader and we continue to review this matter.''
The trader, whom Merrill declined to identify, was a member of a team that traded derivatives based on individual stocks for the firm's own account, according to a person with direct knowledge of the matter. Merrill, based in New York, has determined that he may have overstated the value of some holdings by less than 10 million pounds ($19.8 million) during April, when his marks were detected, the person said.
Declines on European and U.S. markets this year have exposed a growing list of errant traders, tarnishing firms including Credit Suisse Group and Societe Generale SA. The discovery of potential trading lapses at Merrill may spur regulatory scrutiny as Chief Executive Officer John Thain works to reassure shareholders that the firm has improved risk management after his predecessor's bad bets on mortgages contributed to a record loss of $7.8 billion in 2007.
:dumm:dumm:dumm ...die Menschheit will anscheinend für doof verkauft werden :rolleyes
It's not an Oil Crisis it's a Dollar Crisis
May 23, 2008
It is unfortunate that the Supreme Court, in its ruling this week that U.S. currency is unfair to the blind, did not make the next logical step and declare it unfair to everyone who buys gasoline.
In their search for explanations as to why oil has surged past $130 per barrel, Washington, Wall Street, and the financial media are as clueless as cavemen after a freak summer snow storm. Despite the head scratching, the blame game is nevertheless in full force. Speculators and big oil companies are being trotted out as scapegoats, and increased margin requirements and taxes on windfall profits and futures trading have been mentioned as appropriate sanctions. It should be clear that this is pure farce, and that no one understands what is actually happening.
The reality is that after years of reckless consumption and dollar debasement, Americans are now being priced out of markets over which they formerly held unchallenged title. As more affluent foreigners consume more of the resources and products they previously supplied to us, Americans are being forced to cut back. The rising dollar-based price of gasoline is simply an illustration of this global trend.
Poorly concealed behind contrived government statistics, the signs of America's falling standard of living are everywhere; all one has to do is look. We are unloading SUVs for less desirable compacts, and are paying more to fly on crowded planes (where we pay to check luggage and dine only on what we bring onboard). We drink our lattes at McDonalds or not at all, and we increasingly forego dining out, trips to the mall, and vacations, just so we can scrape together enough to fill our gas tanks and kitchen pantries, pay taxes and insurance, or make credit card, mortgage or car payments.
The collective belt tightening is simply the down payment on the Government's massive bailout of Wall Street investment banks and mortgage lenders. As the Fed creates money to buy bad mortgages and other shaky securities held by banks and brokerage firms, the value of the savings and wages of everyone on Main Street will continue to fall. As a result, the costs of products previously taken for granted have begun to bite.
The various housing bills and stimulus packages now passing through Congress will add significantly to the staggering final price tag. In the end, the "free lunch" currently being dished out by Washington will be the most expensive meal ever served. The cost will be borne by ordinary Americans citizens every time they open their wallets. Four dollar gasoline is just the beginning.
For all the talk of increased global demand, few seem to understand from where it actually comes. The surge in global demand is both a function of the increased purchasing power of foreign currencies and the fact that foreigners are choosing to spend more of their incomes themselves. In other words Greenspan's famous "global savings glut" is turning into a global consumption binge, with Americans unable to crash the party. This trend will only get worse as the dollar-denominated price of just about everything that is either imported, or capable of being exported, goes through the roof.
We can look for scapegoats all we want but the simply fact is Americans are going to have to get used to a much lower standard of living. Those who have been putting all the food on our tables are finally pulling up chairs themselves.
Why do Bush, the vichycrat and McBush hate America?
Joe Biden responds to the insufferable quisling's neocon-whoring op-ed in the Whore St Fishwrap:
On Wednesday, Joe Lieberman wrote on this page that the Democratic Party he and I grew up in has drifted far from the foreign policy espoused by Franklin Roosevelt, Harry Truman and John Kennedy. In fact, it is the policies that President George W. Bush has pursued, and that John McCain would continue, that are divorced from that great tradition – and from the legacy of Republican presidents like Ronald Reagan and George H.W. Bush...
Last week, John McCain was very clear. He ruled out talking to Iran. He said that Barack Obama was "naïve and inexperienced" for advocating engagement; "What is it he wants to talk about?" he asked.
Well, for a start, Iran's nuclear program, its support for Shiite militias in Iraq, and its patronage of Hezbollah in Lebanon and Hamas in Gaza.
Beyond bluster, how would Mr. McCain actually deal with these dangers? You either talk, you maintain the status quo, or you go to war. If Mr. McCain has ruled out talking, we're stuck with an ineffectual policy or military strikes that could quickly spiral out of control.
It's beautiful -- read the whole thing here ---> It's amazing how little faith George Bush, Joe Lieberman and John McCain have in themselves – and in America.
Investment Outlook Bill Gross | June 2008
You can fool some of the people all of the time,What this country needs is either a good 5¢ cigar or the reincarnation of an Illinois “rail-splitter” willing to tell the American people “what up” – “what really up.” We have for so long now been willing to be entertained rather than informed, that we more or less accept majority opinion, perpetually shaped by ratings obsessed media, at face value. After 12 months of an endless primary campaign barrage, for instance, most of us believe that a candidate’s preacher – Democrat or Republican – should be a significant factor in how we vote. We care more about who’s going to be eliminated from this week’s American Idol than the deteriorating quality of our healthcare system. Alternative energy discussion takes a bleacher’s seat to the latest foibles of Lindsay Lohan or Britney Spears and then we wonder why gas is four bucks a gallon. We care as much as we always have – we just care about the wrong things: entertainment, as opposed to informed choices; trivia vs. hardcore ideological debate.
and all of the people some of the time,
but you cannot fool all of the people all of the time.
– Abraham Lincoln
It’s Sunday afternoon at the Coliseum folks, and all good fun, but the hordes are crossing the Alps and headed for modern day Rome – better educated, harder working, and willing to sacrifice today for a better tomorrow. Can it be any wonder that an estimated 1% of America’s wealth migrates into foreign hands every year? We, as a people, are overweight, poorly educated, overindulged, and imbued with such a sense of self importance on a geopolitical scale, that our allies are dropping like flies. “Yes we can?” Well, if so, then the “we” is the critical element, not the leader that will be chosen in November. Let’s get off the couch and shape up – physically, intellectually, and institutionally – and begin to make some informed choices about our future. Lincoln didn’t say it, but might have agreed, that the worst part about being fooled is fooling yourself, and as a nation, we’ve been doing a pretty good job of that for a long time now.
I’ll tell you another area where we’ve been foolin’ ourselves and that’s the belief that inflation is under control. I laid out the case three years ago in an Investment Outlook titled, “Haute Con Job.” I wasn’t an inflationary Paul Revere or anything, but I joined others in arguing that our CPI numbers were not reflecting reality at the checkout counter. In the ensuing four years, the debate has been joined by the press and astute authors such as Kevin Phillips whose recent Bad Money is as good a summer read detailing the state of the economy and how we got here as an “informed” American could make.
Let me reacquaint you with the debate about the authenticity of U.S. inflation calculations by presenting two ten-year graphs – one showing the ups and downs of year-over-year price changes for 24 representative foreign countries, and the other, the same time period for the U.S. An observer’s immediate take is that there are glaring differences, first in terms of trend and second in the actual mean or average of the 2 calculations. These representative countries, chosen and graphed by Ed Hyman and ISI, have averaged nearly 7% inflation for the past decade, while the U.S. has measured 2.6%. The most recent 12 months produces that same 7% number for the world but a closer 4% in the U.S.
This, dear reader, looks a mite suspicious. Sure, inflation was legitimately much higher in selected hot spots such as Brazil and Vietnam in the late 90s and the U.S. productivity “miracle” may have helped reduce ours a touch compared to some of the rest, but the U.S. dollar over the same period has declined by 30% against a currency basket of its major competitors which should have had an opposite effect, everything else being equal. I ask you: does it make sense that we have a 3% – 4% lower rate of inflation than the rest of the world? Can economists really explain this with their contorted Phillips curve, output gap, multifactor productivity theorizing in an increasingly globalized “one price fits all” commodity driven global economy? I suspect not. Somebody’s been foolin’, perhaps foolin’ themselves – I don’t know. This isn’t a conspiracy blog and there are too many statisticians and analysts at the Bureau of Labor Statistics (BLS) and Treasury with rapid turnover to even think of it. I’m just concerned that some of the people are being fooled all of the time and that as an investor, an accurate measure of inflation makes a huge difference.
The U.S. seems to differ from the rest of the world in how it computes its inflation rate in three primary ways: 1) hedonic quality adjustments, 2) calculations of housing costs via owners’ equivalent rent, and 3) geometric weighting/product substitution. The changes in all three areas have favored lower U.S. inflation and have taken place over the past 25 years, the first occurring in 1983 with the BLS decision to modify the cost of housing. It was claimed that a measure based on what an owner might get for renting his house would more accurately reflect the real world – a dubious assumption belied by the experience of the past 10 years during which the average cost of homes has appreciated at 3x the annual pace of the substituted owners’ equivalent rent (OER), and which would have raised the total CPI by approximately 1% annually if the switch had not been made.
full story: http://www.pimco.com/LeftNav/Featur...O+June+2008.htm
...Bill Gross ist ja nicht irgend ein Möchtegern - ob die FED auch mal hinhört :rolleyes:mad Gross is one of the world's largest mutual fund managers, focusing mostly on bonds. Called "the nation's most prominent bond investor" by the New York Times, he manages Pacific Investment Management's Total Return fund (the world's largest bond fund and fifth largest mutual fund) and several smaller ones.
I read this article first on 'Winning the Lotto ticket' S@N&B has been a thread writer way before I ever got onto GIM. His was the first thread I ever read and to date he posts some amazing articles. Just 11 hours ago he posted this one. I am not ashamed to repost it here because he is so good at finding the most amazing articles. A regular reader, I normally do not plagerize his work and research, but when I do I give credit. So here is that article reposted here.
The Asian Dragon Cometh...
-- Posted Monday, 26 May 2008 | Digg This Article | Source: GoldSeek.com
By: Malcolm Bucholtz
This past week-end I had a most unique experience when I had the chance to meet a visiting delegation of Chinese investors who had come to the Province of Saskatchewan in Canada to seek out resource based acquisitions.
One question I levelled at this group had to do with the China-US trade deficit. I pointed out that up until recently, China had been a big buyer of US Treasuries which had the effect of keeping interest rates down in the US. But, this only exacerbated the trade deficit situation. I inquired whether China would consider "dumping" its US Dollars in favor of Gold, Euros or other currencies. The answer shocked me. Without batting an eyelash, the spokesman for the group told me that China intends to use its stash of US Dollars to buy up hard, physical resources in North America so as to ensure that China has a good supply of commodity resources to last well into the future. I think we are about to witness the biggest transfer of wealth in the past 100 years. We are all going to wake up one day in the not so distant future and find that we do not own any of our own resources. We will come to this reality as we drink our morning coffee brewed from beans grown in a Chinese owned coffee plantation in Brazil, get dressed in our suit made in China and get into our Chinese made car to drive to our place of work now owned by a Chinese firm.
Another question I posed had to do with food. They were quick to point out something that we often overlook. In the south of China, the climate is hot and humid and the land capable of producing 2 or 3 crops a year, providing enough potash fertilizer is added to the soil. Here in North America we typically take off only 1 crop per year. In the north part of China, the terrain more closely resembles what we have in North America. But, China is looking at ways to run water pipelines to this part of the country so as to enhance agricultural output. So, there will not be a famine in China, nor will China force food prices to unbearable heights.
On the topic of Gold, I was told proudly that right now China is the world's #1 gold producer with South Africa sitting at #2. But, the reserves of Gold remaining in the ground in China is not significant. Hence China will be going on an acquisition hunt for gold mines and near-to-production gold stories around the world. Keep your eye on this theme....I expect it will make for some interesting trading opportunities.
Lastly, I asked what would happen if North America slipped into recession. I was told in no uncertain terms that this is not viewed as a concern. Firstly, Asia as a whole is demanding more consumer goods all the time and this will help offset any drop in demand from North America. But, more importantly, if the economy slows people will forgo higher end more expensive goods in favor of lower end goods sold at...you guessed it - WalMart and manufactured in.....yes you guessed it again - China. So while we fret and worry here in North America about recession, the Chinese remain calm, cool and collected.
For me, this chance to spend a day with this delegation was an eye opener. If I can offer readers of this blog one piece of sage advice - enrol your kids in Chinese language lessons...now!! And while you're at it, see if you can find some Chinese lessons for adults too....
Malcolm Bucholtz ( a.k.a. "Meridian" ) is a former stockbroker and commodity trader from Canada with a talent for both technical and fundamental analysis. Each week through his writings, Malcolm makes it a point to give the best possible information to his readers; information that has proven very profitable to those that have acted on it. When not writing, Malcolm consults to the small cap mineral exploration sector. He is also a principal in Atlanta based Brookhaven Advisors.
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....wir werden uns auch noch wundern :rolleyes
Great Piece .. thank you Mr. Schoon..
THE SHELL GAME
Darryl Robert SchoonModern economics is not rocket science. In fact, it�s not science at all. It�s a game, a confidence game. Once paper passed for money, economics became an elaborate shell game designed to hide the fact paper had been substituted for silver and gold. Debt ratings are an attempt to quantify confidence in paper assets and are an essential part of the game. The shell game is called �Where�s The Money?� The answer is simple, it�s not there.
May 26, 2008
The question “where did the money go during the Great Depression?” has now been answered to my satisfaction. During the Great Depression, money essentially disappeared and, as a consequence, consumer and business demand collapsed as did prices, beginning a downward coreolis-like spiral that was to suck the global economy into an economic black hole.
My study of the Great Depression began in the 1990s and the subsequent collapse of the dot.com bubble provided a real-time corroboration of assumptions about the connection between loose credit, excessive speculation, and financial bubbles; and, now, in 2008, one of my most troubling questions about the depression has been answered—where did the money go during the Great Depression?
Plunge In US Commercial Property, an article by Daniel Pimlott posted on FT.com (Financial Times) May 21, 2008 provided a critical clue:
Commercial property prices in the US in February saw their sharpest decline since records began nearly 15 years ago as sources of finance for deals has dried up, according to data from Standard & Poor’s out yesterday.
The value of commercial buildings fell 1.03 percent between January and February, the largest monthly decline since at least 1993, when the industry was just emerging from a deep slump.
The fall in national property prices comes as banks have retrenched on lending due to credit crisis and the slowing economy, causing the volume of deals to slow sharply. The market for commercial mortgage-backed securities, which until last August was a major route to cheaper borrowing, has largely ground to a halt.
Sales of commercial properties were down 71 per cent in the first quarter compared with a year earlier, according to data from Real Capital Analytics.The fact that sales of US commercial real estate fell an astounding 71 % from 1st quarter 2007 to 1st quarter 2008 is shocking and the implications are quite serious. The cause of the slowdown, however, provided the very clue I was seeking.
Commercial property prices in the US...saw their sharpest decline…as sources of finance for deals has dried up… as banks have retrenched on lending due to credit crisis…
DURING THE GREAT DEPRESSIONThe answer to: Where did the money go in the Great Depression? is found in the metaphor of the shell game. It is now clear that money didn’t disappear during the Great Depression, credit disappeared.
MONEY DID NOT DISAPPEAR
The money was never there in the first place. Money had been replaced by credit in the shell game introduced by the Federal Reserve in 1913 when the Federal Reserve began issuing credit-based Federal Reserve notes in place of the savings-based money from the US Treasury.
For details on how the shell game is run, Professor Antal E. Fekete’s description of the check kiting scheme between the US Treasury and Federal Reserve provides crucial information for those perhaps wishing themselves to live off the earnings of others.
It is epitomized by an elaborate check-kiting conspiracy between the U.S: Treasury and the Federal Reserve. Treasury bonds, contrary to appearances, are no more redeemable than Federal Reserve notes. It’s all very neat: the notes are backed by the bonds, and the bonds are redeemable by the notes. Therefore each is valued in terms of itself, rather than by an independent outside asset. Each is an irredeemable liability of the U.S: government. The whole scheme boils down to a farce. It is check-kiting at the highest level. At maturity the bonds are replaced by another with a more distant maturity date, or they are ostensibly paid in the form of irredeemable currency. The issuer of either type of debt is usurping a privilege without accepting the countervailing duty. They issue obligations without taking any further responsibility for their fate or for the effect they have on the economy. Moreover, a double standard of justice is involved. Check-kiting is a crime under the Criminal Code. That is, provided that it is perpetrated by private individuals. Practiced at the highest level, check-kiting is the corner-stone of the monetary system.
GOTTERDÄMMERUNG The Twilight of Irredeemable Debt, Antal E. Fekete, April 28, 2008
THE STUDY OF MODERN ECONOMICS IS SIMILARIn the shell game of modern economics, credit replaces money and when credit gives rise to speculative bubbles, the collapse of those bubbles leads to the defaulting of debt which causes credit to disappear and the economy to collapse.
TO THE STUDY OF RELIGION IN A TIME OF IDOLATRY
The credit based shell game, however, is nearing its end. The historic credit contraction that began in August 2007 is still in progress. Despite the efforts of central bankers, credit is still disappearing and, just as in the Great Depression, the credit contraction is continuing to spread causing more and more debt to default.
Credit, the fertilizer of human debt, when no longer available effectively spells the end of the legalized shell game masquerading as modern economics; but the kreditmeisters, their global confidence game now damaged by an unexpected lack of confidence on the part of the marks, sic investors, however, will not give up their scam easily.
THE CONUNDRUM OF THE KREDITMEISTERSThose running the shell game, the central bankers and their codependent brethren, investment bankers, are terrified of losing their day jobs, They have lived well for three hundred years (since the establishment of the Bank of England in 1694) leveraging the productivity of others and we can be assured they will do everything in their considerable power to keep their lifestyle intact..
At this time the central bankers are collectively engaged in financial triage as they attempt to replace the credit that is rapidly being withdrawn in the face of ever increasing amounts of defaulting debt.
Following the same play book they used in the aftermath of the dot.com collapse, the Fed has quickly cut rates from 5.25 % to 2 % but this time they will not ignite a housing bubble as they did the last time. This time, they will do worse. This time, they will burn down the house.
BURNING DOWN THE HOUSEIn retrospect it will all be clear, the mistakes, the reasons, the excuses, the results. Now, however, in the beginning of the collapse, events appear more problematic, the outcome still unknown. Nonetheless, even in the fog of unexpected events, certain things can be known and safely predicted; and, one of them is that we are now on the road to hyperinflation.
In the long run, there is no short run
Appointing “Helicopter Ben” Bernanke to head the Federal Reserve now is akin to sending Sammy the Bull, the mafia hit-man, to negotiate with the Palestinians and Israelis; and when the news comes back that Sammy the Bull shot and killed the Palestinians and Israelis at the negotiating table, we should not be surprised—just as we should not be surprised that Ben “the printing press” Bernanke is erring on the side of excess in the current economic crisis by providing even more credit, by shoving even more debt based paper into now a burning house.
WHEN A HOUSE OF PAPER MONEY BURNSHyperinflation is to inflation like pneumonia is to a cold. Though similar, the former is much more consequential; and whereas pneumonia can sometimes kill, hyperinflation is a veritable death sentence. Hyperinflation always ends in the total destruction of paper money. In hyperinflation, the value of paper money reverts to its mean—ZERO.
The past is indeed prologue when it comes to humanity, printing presses, and the recurrent desire of governments to turn paper into gold; which through the alchemy of central banking is possible—though only for a limited time.
While central bankers and governments do not intend to cause hyperinflation anymore than drunk drivers intend to crash, they are nonetheless responsible for the decisions that lead to hyperinflation and deflationary depressions.
The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century.
Professor Laurance Kotlikoff, Federal Reserve Bank Review St Louis July/Aug 2006
The US is the largest economy in the world and the US dollar is the world’s reserve currency. Its central bank, the Federal Reserve, is the most influential, and Ben “the printing press” Bernanke is its chairman. We should not be surprised at what is now going to happen to the US, the US dollar and the world economy.
As the Fed is busy bailing out international investment banks with America’s money, we should be more concerned with what is going to happen to us; because when the US dollar goes up in smoke, the US economy will go down in flames and the world economy will stumble badly, if not collapse completely.
Hyperinflation will destroy both the US dollar and the US economy and the world will not be unaffected. Professor Kotlikoff’s warning about a US hyperinflation was published in 2006; and, now in 2008, US printing presses under Fed chairman Ben Bernanke are running faster than they’ve ever been run before.
HYPERINFLATION IS LIKE STEPPING OFF A CLIFF.Friedrich Kessler, a law professor at Harvard and at Boalt Hall UC Berkeley described the onset of hyperinflation during the Weimar Republic in Germany.
YOU ONLY EXPERIENCE IT AFTER YOU’VE GONE TOO FAR
It was horrible. Horrible! Like lightening it struck. No one was prepared. You cannot imagine the rapidity with which the whole thing happened. The shelves in the grocery stores were empty. You could buy nothing with your paper money.
From Fiat Paper Money, The History And Evolution of Our Currency $28.50 by Ralph T. Foster, email@example.com (510) 845-3015 This book, a primer on the end game, is everything you wanted to know about fiat paper money and were too afraid to ask.
At Session III of Professor Fekete’s Gold Standard University Live in February, I discussed the possibility of a sequential or simultaneous hyperinflationary deflationary depression, the economic equivalent of having both a severe heart condition and a possibly fatal cancer at the same time. Such is not impossible; in fact, it is increasingly likely.
I highly recommend the thorough and studied analysis of hyperinflation and concurrent possibilities in John Williams’ Hyperinflation Special Report, Shadow Government Statistics, Series Issue No. 41, April 8, 2008, http://www.shadowstats.com/article/292. John Williams also references and recommends Ralph T. Foster’s Fiat Paper Money, The History And Evolution of Our Currency noted above.
The critical question should now be asked: What can we do?
THE PARACHUTE OF GOLD AND SILVERThe following is from The Nightmare German Inflation, Scientific Market Analysis, 1970, which describes the extreme hyperinflationary conditions during the Weimar Republic in the 1920s:
JUMPING OUT OF UNCLE BEN’S SPUTTERING HELIPCOPTER
The ones who fared best were the small minority who had the foresight to exchange marks into foreign money or gold very early, before new laws made this difficult and before the mark lost too much value.
The difference between 1920s Germany and today is that there are no longer any currencies convertible to precious metals. In the 1920s, when hyperinflation destroyed the German mark, other currencies were still tied to gold. Today, this is no longer the case. Today, only gold and silver will offer guaranteed monetary refuge during the coming crisis.
A hyperinflation is a monetary phenomena caused by the rapid printing of money not convertible to gold or silver. The inflation of the paper money supply happens gradually, but hyperinflation is itself a sudden-onset phenomena. Suddenly and unexpectedly, inflation becomes hyperinflation and unless you are already prepared, it is already too late.
Today, we are moving closer to the end game, the resolution of past monetary sins when the banker’s shell game is exposed for what it is—a monetary abomination, a parasite on the economic body that over time kills the host on which it feeds.
Be aware. Be careful. Be safe.
Note I: I now have a blog, Moving Through The Maelstom with Darryl Robert Schoon. My first blog discusses the underlying reasons for our increasing series of crises.
Note II: I will be speaking at Professor Antal E. Fekete’s Session IV of Gold Standard University Live (GSUL) July 3-6, 2008 in Szombathely, Hungary. If you are interested in monetary matters and gold, the opportunity to hear Professor Fekete should not be missed. A perusal of Professor Fekete’s topics may convince you to attend (see http://www.professorfekete.com/gsul.asp ). Professor Fekete, in my opinion, is a giant in a time of small men.
Darryl Robert Schoon
:gruebel :schwitz :rolleyes ...wird wohl spannend wie sich das "dicke" Geld aus allem rauswinden wird/kann/muss :confused:rolleyes:confused:rolleyes
Exclusive: McClellan whacks Bush, White House
By MIKE ALLEN | 5/27/08 6:18 PM EST
McClellan says the administration relied on "propaganda" to sell the war.
Former White House Press Secretary Scott McClellan writes in a surprisingly scathing memoir to be published next week that President Bush “veered terribly off course,” was not “open and forthright on Iraq,” and took a “permanent campaign approach” to governing at the expense of candor and competence.
Among the most explosive revelations in the 341-page book, titled “What Happened: Inside the Bush White House and Washington’s Culture of Deception” (Public Affairs, $27.95):
• McClellan charges that Bush relied on “propaganda” to sell the war.
• He says the White House press corps was too easy on the administration during the run-up to the war.
• He admits that some of his own assertions from the briefing room podium turned out to be “badly misguided.”
• The longtime Bush loyalist also suggests that two top aides held a secret West Wing meeting to get their story straight about the CIA leak case at a time when federal prosecutors were after them — and McClellan was continuing to defend them despite mounting evidence they had not given him all the facts.
• McClellan asserts that the aides — :kotz Karl Rove, the president’s senior adviser, and I. Lewis “Scooter” Libby, the vice president’s chief of staff — “had at best misled” him about their role in the disclosure of former CIA operative Valerie Plame’s identity......
......I frequently stumbled along the way,” McClellan acknowledges in the book’s preface. “My own story, however, is of small importance in the broad historical picture. More significant is the larger story in which I played a minor role: the story of how the presidency of George W. Bush veered terribly off course.”
Even some of the chapter titles are brutal: “The Permanent Campaign,” “Deniability,” “Triumph and Illusion,” “Revelation and Humiliation” and “Out of Touch.”
“I think the concern about liberal bias helps to explain the tendency of the Bush team to build walls against the media,” McClellan writes in a chapter in which he says he dealt “happily enough” with liberal reporters. “Unfortunately, the press secretary at times found himself outside those walls as well.”.......
full story: http://www.politico.com/news/stories/0508/10649.html
....das Buch wird wohl einigen Wirbel machen ;):D leider etwas spät :rolleyes
:verbeug -> Posted by soee @ 8:11 am on May 28, 2008
Military families face higher foreclosure rate
Military families are losing their homes at a rate almost four times faster than the national average. Foreclosure filings in communities within 10 miles of military facilities rose by an average of 217% from January through April, compared to an overall 59% rate, according to RealtyTrac. The biggest surge was in Columbia, S.C., home to the Fort Jackson training base. The second-biggest increase was in Woodbridge, Va., next to Marine Corps Base Quantico. ClipSyndicate/Bloomberg (27 May.) , Bloomberg (27 May.)
Foreclosures in Military Towns Surge at Four Times U.S. Rate
By Kathleen M. Howley
May 27 (Bloomberg) -- U.S. Air Force Technical Sergeant Jeffrey VerSteegh, who repairs F-16 jets for the 132nd Fighter Wing, departed Des Moines, Iowa, in April for his third tour in Iraq. The father of four may lose his home when he returns.
The four-bedroom farmhouse he and his wife, Kathleen, own near the Iowa State Fairgrounds went into default in December after their monthly mortgage costs doubled to $1,100. Kathleen missed work because of breast cancer and they struggled to keep up the house payment, falling behind on other bills. Their bankruptcy was approved by the court a week after VerSteegh left for Iraq......
.....Monique Kelly, a disabled Iraq War veteran, said she is on the verge of adding to those VA delinquency numbers. The former Army staff sergeant in the First Armored Division paid her May mortgage bill halfway through the month and said she won't be able to make June's payment for her house in Owings Mills, Maryland. Kelly, designated disabled by the VA because of post- traumatic stress disorder, said she bought the property in January for $305,000 and had to spend $10,000 fixing structural problems that were not disclosed to her.
``We fought for our country, and now we have to fight to save our homes,'' said Kelly. ``After living with the stench of death in Iraq, it seems like we shouldn't have to face problems like this when we come back.''....
:gomad toll wie die Amis Ihren Soldaten ihre Dienste lohnen :gomad
Wednesday, May 28, 2008
US Economic Outlook 2008-11+
My draft Economic Outlook briefing (posted up 7 days ago) received over 1,375 reads and was downloaded many, many times. I hope you like this updated version better.
I've modified to 1) provide a smoother flow and 2) better convey the overall important message -- all is not what it seems, and US economic troubles are far from over!
Note: If it's hard to see/read the briefing below, please click on this link and view the updated briefing full-screen
Note 2: I just noticed that Slide-share, my briefing's host-server, is having some difficulties tonight. If the link doesn't work right away, pls try again later -- my apologies for your troubles
....full-screen hat bei mir nicht funktioniert - aber ist auch in klein sehr gut :supi
White House reacts negatively to ex-aide's book... :D
Obama: McClellan 'confirmed what a lot of us have thought for some time'...
PELOSI: 'I TOTALLY AGREE'...
**VIDEO** Rove: McClellan Sounds Like Left Wing Blogger...
BARTLETT: 'TOTAL CRAP'...
Congressman: McClellan Must Testify Under Oath...
Bashed Tell All Memoirs, Before He Wrote His Own...
TV TOUR KICKS OFF ON NBC...
Book Roars to #1 at AMAZON.COM...
US and European debt markets flash new warning signals
By Ambrose Evans-Pritchard, International Business Editor
Last Updated: 6:40am BST 29/05/2008
The debt markets in the US and Europe have begun to flash warning signals yet again, raising fears that the global credit crisis could be entering another turbulent phase.
The cost of insuring against default on the bonds of Lehman Brothers, Merrill Lynch and other big banks and brokerages has surged over the last two weeks, threatening to reach the stress levels seen before the Bear Stearns debacle. Spreads on inter-bank Libor and Euribor rates in Europe are back near record levels......
.......Willem Sels, a credit analyst at Dresdner Kleinwort, said the banks are beginning to face waves of defaults on credit cards, car loans, and now corporate loans. "We believe we're entering Phase II. The liquidity crisis has eased a little, but the real credit losses are accelerating. The worst is yet to come," :rolleyes he said.
The jump in corporate bankruptcies has not yet been picked up by the usual indicators, which tend to lag the market, lulling investors into a false sense of security. The true losses are already known to specialists in the business, said Mr Sels.
full story: http://www.telegraph.co.uk/money/ma...9/cndebt129.xml
Die haben keine Glaubwürdigkeit mehr :)
30. Mai 2008 - 08:41
Zahl der Selbstmorde beim US-Heer so hoch wie nie
Washington - Im vergangenen Jahr haben sich 115 Soldaten beim US-Heer das Leben genommen, das ist die höchste Zahl seit Beginn der Erhebungen 1980.
Wie die Army in Washington mitteilte, unternahmen fast tausend Soldaten Selbstmordversuche. Der Trend setze sich im laufenden Jahr fort, fügte die US-Army hinzu.
Hochrangige Vertreter der Streitkräfte räumten ein, dass lange und häufige Kampfeinsätze eine Hauptursache für Stress im Leben der Soldaten seien. Dennoch habe kein direkter Zusammenhang zwischen mehr Kampfeinsätzen und der Zahl der Selbstmorde festgestellt werden können.
Der demokratische Präsidentschaftsbewerber Barack Obama nannte die Zahlen eine "tragische Erinnerung an den erschreckenden und andauernden Preis des Irakkrieges, vor allem für unsere Soldaten und ihre Familien".
Army-Oberst Elspeth Ritchie räumte ein, dass die gegenwärtigen Konflikte die Soldaten besonders unter Druck setzten. "Es sind die langen und häufigen Einsätze fern der Heimat, die Begegnung mit fürchterlichen und schrecklichen Dingen, die leichte Verfügbarkeit geladener Waffen und, dass es im Moment sehr sehr viel zu tun gibt", sagte die Offizierin.
...aus Trader's Daily (Michael Vaupel)
Zitat des Tages
"Die Jugend musste sich gegenseitig umbringen. Ist das gerecht?"
- Franz Künstler (1900-2008)
30.05.2008, 14:48 #2859 ecki
Registriert seit: 10.01.2005
Deutsche Kanzlerin Merkel ein Stasi-Spitzel ?
Don, 29 Mai 2008 5 Sterne
War sie ein Stasi-Spitzel ?
Sankt Gallen/Berlin (29.05.2008) - Die Deutsche Kanzlerin soll als Stasi - Mitarbeiterin an Bespitzelungen des ehemaligen DDR Regimekritikers Robert Havemanns, im Jahr 1980 teilgenommen haben.
Robert Havemann erhielt 1965 ein Berufsverbot und wurde am 1. April 1966 aus der Akademie der Wissenschaften der DDR ausgeschlossen der auch Angela Merkel angehörte.. In den Folgejahren wurden von ihm zahlreiche SED-kritische Publikationen in Form von Zeitungsbeiträgen und Büchern (unter anderem Fragen Antworten Fragen; Robert Havemann: Ein deutscher Kommunist; Morgen) veröffentlicht.
1976 protestierte er gegen die Ausbürgerung des DDR-kritischen Liedermachers Wolf Biermann. Er tat dies in Form eines Briefes, den er an den Staatsratsvorsitzenden Erich Honecker gerichtet hatte und ließ den Brief im westdeutschen Nachrichtenmagazin Der Spiegel veröffentlichen. Im Jahr 1976 verhängte das Kreisgericht Fürstenwalde einen unbefristeten Hausarrest gegen Havemann (auf seinem Grundstück in Grünheide). Sein Haus und seine Familie (und auch die Familie seines Freundes Jürgen Fuchs, die er 1975 in sein Gartenhaus aufnahm) wurden rund um die Uhr von der Stasi überwacht.
Jugendliche im Alter von Angela Merkel haben die Stasiobservation am Grundstück rund um die Uhr übernommen. Zeitweise wurden bis zu 200 Stasiagenten auf das Grundstück angesetzt und ausser Hausarrest hatte Havemann seit 1976 mit einem gekappten Telefonanschluss zu leben. Die Überwachung kostete 740 000 DDR Mark.
Vor einigen Jahren plante man, in der Redaktion des Westdeutschen Rundfunks, den Bericht ” Im Auge der Macht- die Bilder der Stasi” und wollte über die Stasiarbeit recherchieren.
Die Redakteure stiessen dabei auf ein Foto, dass eine junge Frau, die sich um 1980 in dieser Zeit dem Grundstück der Familie Havemann in Grünheide bei Berlin näherte: Auf dem Foto soll ANGELA MERKEL zu sehen sein, die sich dem Grundstück Havemann in der Zeit der Observation und der Isolation von Havemann näherte.
Das vom WDR gefundene Merkel.Bild durfte nicht gesendet werden, weil Angela Merkel die Ausstrahlung des Fotos im WDR Film untersagt hatte.
Die Doku des WDR gibt es hier:
der entsprechende Vorabbericht des Spiegels und als Quellennachweis
Besonders spannend dürfte jetzt die Debatte um den PDS Abgeordneten Gregor Gysi werden.Viele Deutsche Medien sowie der CDU Generalsekretär Ronald Pofalla, fordern den Bundestags-Fraktionschefs Gregor Gysi auf, seine DDR-Vergangenheit nicht unter den Teppich zu kehren.Wir können gespannt sein, ob der Generalsekretär dies auch von seiner Chefin der Kanzlerin Angela Merkel verlangt.
Fatal in diesem Zusammenhang dürfte die Rolle des Boulevardblattes "Bild"sein.Hat man sich gerade richtig gut darauf eingeschossen Gregor Gysi seine Stasi Vergangenheit vorzuwerfen, muss "Bild"sich nun auf seine so geliebte Kanzlerin fokussieren, wenn man nicht mit zweierlei Maass messen will. Eine mit Stasi Vorwürfen belastete Kanzlerin dürfte allemal schwerer wiegen als ein Bundestags-Fraktionschef.
YOU CAN`T DO THAT ON STAGE ANYMORE
:confused :gruebel ...es "riecht" einfach überall :rolleyes
Deutsche Spitzelcom :rolleyes:mad
Ex- Sicherheitschef der Telekom gibt Spitzelaktionen in Ära Sommer zu
Der Fall Telekom erschüttert die Republik - jetzt spricht Hans-Jürgen Knoke, Ex-Sicherheitschef des Konzerns, mit SPIEGEL TV erstmals über den Fall. "Wir haben observiert", gibt er zu, äußert sich zu Spähaktionen unter Ron Sommer und beschuldigt andere Dax-Firmen, ebenfalls solche Methoden anzuwenden. mehr... [ Video | Forum ]
....schon mal was von Doppelmoral gehört :Prost
.. seltsam, dass die Bonner mit ihren
"Funkdiensten" damals den Rennstall
um Pedaleure wie Switz und Uli nicht
besser unter "Kontrolle" hatten – oder
auch bei der Aufklärung hätten sinnvoll
eintreten können, was nicht geschah.
Wie schon Herr U sagte, ist in einem System,
in dem jeder die Unwahrheit veröffentlicht,
niemand innerhalb des Systems geschädigt.
d.h. wir können alle Beteiligte unter Anklage
stellen, sie ( ohne Berufung ) verurteilen und
im Anschluss als Anti-Dopingexperten oder
Berater, vielleicht des BND, re-sozialisieren.
Ein quasi umgekehrter Weg der Stasi-Akteure
die nun im Bundestag, und dies nicht schlecht
honoriert, für moralische Tugenden plädieren.
Abgesehen von den Pfeifen, die gerade mit
erhobenem Zeigefinger von einem Skandal
sprechen, wohlwissentlich, dass der Daten-
schutz etwas für die quote des Rechtstaates
beiträgt, ohne diesen jedoch als solchen
(Schutz) implementiert – ganz im Gegenteil.
kein weiterer Kommentar
...kleiner Auszug aus dem Merriman: Comments for the Week beginning June 2, 2008
Pluto will soon retrograde back in to Sagittarius after spending the past five months tipping its toe into Capricorn. We got a preview of what the next 15 years will be like, for Pluto will fully enter Capricorn in late November 2008, and remain there through 2023. During this period we can anticipate major fundamental changes in government, central banks, and financial markets, as discussed in great detail in an article I have posted on my web site at www.mmacycles.com. But we get break, a return to the issues of the prior 13 years, when Pluto retrogrades back to Sagittarius June 14-November 26. As Astrologer Michael Lutin portrayed in his play “Plutopia” and the UAC conference of May 15-20, Pluto in Capricorn has seemed like so much “bad, bad news.” But Pluto going back to Sagittarius may find a change of tune, to “good, good news.” It may be just in time for the economic data to reflect the positive effects of the recent stimulus package. American tax payers were sent $168B in tax refunds, and they are spending it. It is very likely to show a rebound in spending, and hence economic activity. But, as I stated before, this bump up in economic activity is smoke screen. Americans are likely to spend more than the tax rebates they just received – they always spend more than they have. And that too will show up, probably just about the time that Pluto returns to Capricorn in late November 2008. Just in time for the holidays. More Pluto, more debt… until we learn to save and stop being wasteful. It is a message not just for American citizens, but also for American government leaders –Congress and the White House. More “bad, bad news” usually means more debt. But Pluto is in Capricorn. There will be a point during this transit when the lesson is learned, but probably the hard way. Nothing comes easy in Capricorn. But when lessons are learned, there is redemption.
...vielleicht schaut man ja Ende des Jahres nochmals :rolleyes;)
International Forecaster May 2008 (#9) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
-- Posted Sunday, 1 June 2008 | Digg This Article | Source: GoldSeek.com
The following are some snippets from the most recent issue of the International Forecaster. For the full 24 page issue, please see subscription information below.
Everything the cartel does is geared into keeping both professional and private investors out of precious metals. The so-called "wall of worry" which any given market is said to climb, is nothing more than a false, fraudulent front of disinformation which is created by elitist insiders on Wall Street, in our government and in corporate America, in order to scare people out of any market from which the elitists wish to profit. They want you to keep out until they have bought in cheaply. After they have glutted themselves, the wall of worry is removed and the public dupes are let in on "the coming huge rally" in whatever, all as promoted by our "beloved" fane-stream media. The market is then run up by the sheople-dupes to a blow-off top, and then the inside players bail out with as much stealth as they can muster, booking monumental profits while the public sucker-dupes crash and burn and are essentially left holding the bag as they are advised by the fane-stream media to follow Charles Schwab's mantra that "we're in it for the long term." (Barf) We have news for you -you're in it for the long greased pole that the elitists will be shoving up your collective derrieres after they have glommed their pirate booty. Yes indeed, you're "in it for the long pole."
The "wall of worry" for precious metals is no different and is a product of the cartel's overall creative efforts at suppression of the monetary metals. Gold suppression is JOB ONE at the Fed, and the Fed uses its vast powers, in conjunction with the powers given to the PPT by Reagan's Executive Order (and we might add in conjunction with powers that go way beyond the mandate called for in that Executive Order), to create the wall of worry for precious metals. They do this not only because precious metals continually embarrass the value and integrity of their "worthless paper" which some prefer to call Federal Reserve notes (printed by a Ponzi-scheming, privately owned Fed and backed by the full faith and credit of a bankrupt US Treasury), but also because they are attempting to alleviate what is one of their greatest causes for angst. The fear we have just alluded to is the cartel's fear that due to their complete bungling and ineptitude, gold and silver will explode before they can bail out of the general stock and bond markets through dark pools of liquidity that would hide their bailout from the public patsies. They want to plow those proceeds into commodities and real, tangible assets, with gold and silver high on their list. And when they buy, they want to get in cheap.
The problem is, that in their unmitigated greed and lust for power, as well as their paranoia about political fallout which they feel must be avoided at all costs (costs which include the destruction of our economy), they have destroyed our nation's real estate market, thereby destroying themselves in the process as all real estate-backed securities are in the process of being taken to the cleaners. And that is just the tip of the iceberg as other debts such as credit cards and car loans start to implode along with our economy which in turn has been destroyed by free trade, globalization, off-shoring, outsourcing and illegal immigration. Credit default swaps are now skyrocketing for many of the brokers and other financial institutions, indicating some very bad things to come, not the least of which are bank failures caused by the real estate debacle and the credit-crunch. In order to save themselves, the Illuminists had to lower rates, thus destroying the dollar and sending gold to new all-time highs. And in order to maintain oil backing for the dollar, they had to create more wars for profit to keep leaders from other countries from trading oil in currencies other than the dollar; wars that have greatly supported gold as a safe-haven. Meanwhile a $596 trillion time bomb of derivatives awaits the pressing of its detonator button through a combination of all the above. Gold is going to go inter-dimensional when that ticking time bomb finally detonates. Ah, the tangled webs we weave when we practice to deceive!
If you think it is safe to get back into the financial waters for stocks and bonds, we suggest you watch the original movie, "Jaws," using the waters patrolled by the great white shark as your metaphor. Already the stock markets have plummeted, and the bond markets are now under pressure as massive losses create higher rates of interest through accelerating risk reassessment. The great white shark of hyperinflation waits under the deep, dark waters of financial profligacy, fiscal mismanagement, monetary imbecility, unfair trade with its attendant currency manipulations and rampant, rampaging fraud from top to bottom, with the bursting of the real estate bubble being a perfect example of this witches brew of economy-killing debacles. Da-da, da-da...da-da, da-da...da-da, da-da...
Gold and silver have now completed their rollover as of Friday and immediately the monetary metals began their recovery, bursting from 870 to 889 with a close at 888, a number which Asians find propitious in their obsession with 8's. We have to cut large specs some slack due to this rollover as they cannot all liquidate at the same time, so some downward pressure can be expected when you throw in massive cartel efforts to suppress and destroy the monetary metals. They have a big rally planned, so you better stay tuned and take your position. It does not matter what level you make your rollover at if you plan on pushing past 1000 again. You make back all your losses and then some in that event, and we can assure you that the specs have no intention of passing up on a chance to make gargantuan profits and take back ground lost in the rollover. Precious metals have the wind at their backs, while stocks, bonds and treasuries face a hurricane west wind.
If you want to really see gold and silver go on a rampage, liquidate all your precious metal paper counterfeits such as ETF's, mint certificates and futures and use them to purchase and take possession of physical gold and silver bullion. When the COMEX cupboards of gold and silver are empty, you have then purchased the casino and can gamble with impunity. The bullion and collectable coins will skyrocket when volume takes them out of circulation. That is what paper sources of gold and silver are all about, namely, to forestall the taking of precious metals off the table and out of circulation so these pools of paper gold and silver can be used against the very people who invested in them in the first place. Be sure to take a goodly portion of your ETF liquidations and plow them into resource stocks. ETF's are despicable, multipurpose elitist vehicles of metals suppression. They create pools of gold and silver which can be sold and leased, and divert money away from more traditional vehicles like resource stocks. Continuation of ETF investments is like spinning a revolver with five of six chambers loaded and then putting it to your head and pressing the trigger. Why give the elitists a pool of gold, which is greater than many central banks possess so they can use it against you by leasing it out or selling it off. Get in it for the long haul and stop taking profits and trading in and out. Every time there is massive profit-taking, the cartel gets an undeserved breather, and of course they make any resulting downturn all the worse with their usual suppressive tactics.
Who would want futures, ETF's or mint certificates when the best leverage plays are in resource stocks. A great junior will provide leverage that will outperform the futures market hands down without the risk of loss due to the passage of time. You do not have to worry about running out of time when you own high quality resource stocks, but the time element is your main nemesis when you deal in futures. We are puzzled and perplexed at the lack of interest in resource stocks, but can understand some of the reluctance because of the continual naked-shorting used by the cartel. However, naked shorting is a two-edged sword, and if you catch the cartel off guard with a huge rally their shorts will get slaughtered and you will have a massive short-covering rally on your hands.
The yen was weakened this week to support general stock markets while gold and silver were under rollover pressure in the futures markets. That is the only way stocks can go up, and now that the futures rollover is complete, any weakness in the yen will send carry traders into precious metals, as they are the only game in town right now. Treasuries and bonds are under pressure due to inflation, the declining dollar and rising interest rates while stocks suffer the impact of an upcoming hyperinflationary recession and bad economic news across the board. How anyone can have a positive attitude toward stocks with crude above 100 is beyond us. The second quarter has been an absolute disaster and the earnings reports due out starting in July are going to be horrendous. The stimulus has been completely negated by rising crude and food prices, not to mention the destruction of the real estate market, which has shut off the equity-extracting spigot.
The dollar rally has already petered out at 73, and the dollar will now get systematically destroyed as everyone begins to flee stocks, bonds and treasuries in favor of real assets, which has already ongoing for many months now since the credit-crunch took control over market sentiment. Specs should consider buying some dollar longs on the next big dollar dip, and acquire a healthy portion of oil shorts to guard against a takedown of oil to hit the precious metals. These should be in addition to your usual arsenal of protective derivatives. As you can see, the turndown in oil prices coincided precisely with the rollover period for the metals so the commercial shorts could bail out at lower price levels. Open interest has greatly declined because the commercials were cashing out and not rolling all the proceeds over, choosing instead to pocket some cash because they know a rally is on its way. Note that the short positions of Goldman Sachs are at unusually low levels as well. Those expecting summer doldrums to step in are going to get their heads handed to them. The market has completely changed, with investment demand far outstripping jewelry demand in importance. The destruction of financial markets is under way and is starting to accelerate as inflation and recession take their toll. Patterns are going to be broken this year and gold and silver are going to start marching to their own drummer. We expect massive rallies before the end of the year. So take your positions in physical metals and resource stocks and wait for the fun to begin. Such investments are the surest bet you will find during the current economic headwinds.
THE INTERNATIONAL FORECASTER
SATURDAY 5/31/08 (053108(9)_IF
P. O. Box 510518, Punta Gorda, FL 33951-0518An international financial, economic, political and social commentary.
China Warns US To Stop Global Inflation
June 1, 2008
Elaine Meinel Supkis
The head of the Bank of China, Zhou, is warning the US central bankers that they are causing global inflation. Not speculators :o Of course, this news is from Xinhua News and is not being broadcast across the planet :rolleyes Dead silence in the West :mad This is because the G7 central bankers are trying to pop all the blame for this banking collapse on home owners in California or Las Vegas, not themselves :bad To produce more liquidity so they can flood the planet with more Funny Money™, the biggest banking houses are lending money to hedge funds so they can buy up loans from these same banks! This is crazy, of course. And will make the banking collapse worse. But they don't care :mad They are desperate to move these Alliance-Boots out of the shoe store and into the streets so they can make more and more and more loans. Which we don't need. These loans are only so people can line their pockets. And the Labour Party in England is going bankrupt, too. And UBS is telling its executives to avoid arrest in the US.
Fed's rate cuts "add to inflationary pressure"
The U.S. Federal Reserve's interest rate cuts have helped increase liquidity, but have also led to rising prices in commodities, Zhou Xiaochuan, governor of the People's Bank of China, said on Friday. The central bank governor said this has affected the anti-inflation policies of emerging markets.
...hier noch einige "interessante" Grafiken :rolleyes
I photoshopped a series of graphs from the Federal Reserve that tracks the 'Borrow' window they opened so wide this year. Click to enlarge:
This graph shows how the 9/11 bail out was pretty big. Bigger by far than any time in history. It was very unusual for the Fed to give even a billion back then. Seemingly, everything was fine after that spike. But was it?
We know that Bush told us to go shopping and Greenspan said, 'Here, have some free Funny Money™. The bankers went wild. The spread between mortgage amounts and what the Fed was giving them was humongous. One of the biggest spreads in banking history. So the bankers clamored to make more loans and to do this, they had to pass off the old ones because US savings had collapsed and the reserve ratios were really, really stinky.
In July, 2007, all was still seemingly well. Then, by the end of September, now that the Japanese carry trade was in a panic due to the dropping dollar and the rising yen, the Fed began to hand out loans to save the banking system. They, in turn, had to declare losses on the previous housing bubble they created. The BIS regulators had ordered the banks to price their loans realistically. And this was killing them. They had to cry to Bernanke and beg him for goodies. He opened the window to the Outer Darkness and began to churn out amazing amounts of Funny ™ in ernest.
Here is the BORROW chart from 12/12/2007, the seventh anniversary of the Supreme Court refusing to count votes in the 2000 election. We can see that things are going very, very badly suddenly! The money feeding into the bankrupt banking system. The amount is now over 4X greater than on 9/11/1.
Now we go to January 1, 2008. The Fed and the G7 have begun to crow that the whole thing was fixed and there was no emergency. Obviously, they were wrong. For by that date, a mere 19 days after 12/12, look at the charts!
It has doubled yet again! Not even during a month, in half a month. This was done to fix Xmas so the US public could go on a wild spending spree. Lurking in the shadows was very real inflation that was preparing to take off with a vengeance. After all, the Fed was feeding Funny Money™ to speculators at an increasing rate! Note also that this chart stops at $50 billion while the previous ones were at less than $10 billion.
Now look at today! WOW. I added some lines to this graph in red to show us where we are going: TO THE MOON, MARS AND OUTER SPACE! Boom! This is ridiculous.
To accommodate future rescue operations, I enlarged the graph a tad, like more than doubled it in height. The red square is where we are today in this massive, UNPRECEDENTED rescue operation. And I am betting this will double in JUST ONE MONTH. This is a very, very bad sign. Any system that doubles at this speed ends up in infinity. The fact that it overwhelmed all previous amounts in history long ago, was a bad sign. To see it heading into Derivative Beast territory whereby it doubles and doubles and doubles...this is a sign of HYPERINFLATION TO COME. In other words, the central bankers are trying to fix a broken system by feeding it Funny Money™. This money is not real and based on nothing except the Fed promising to tax the American public...in the future, of course, for all eternity.
This is how all empires collapse: they promise money changers and bankers outside of the empire future taxes. 100 years, 500 years of future taxes! This is always a sign an empire is about to bust apart and die.
Click here if you want to play with these graphs:
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