Feel a bit better, I think. The last ten minutes of this BBC production gave me some hope.
There are two sides to Obama, the man before he was elected President, and the man after.
Listening to his words, he sounds like the old Obama, a populist with a strong main street message.
So what has happened in the year since Obama has been elected?
The only way you can tell what is going to happen is by looking at his and congress actions.
On the one hand he has made the elite richer, more powerful, and given them access to unlimited funds to become bigger, take more risks and enrich themselves beyond imagination.
On the other hand he has done nothing for main street and made the people poorer, homeless, jobless, taken their hope away. The much talked about consumer protection agency has been scrapped. Talk of a meager handout to social security recipients has been scrapped. Bringing down prescription drug costs has been scrapped, lending to small business has been curtailed, HAMP is being scrapped, the list goes on and on.
In other words, Obama has done everything to enrich and secure wall street at the cost of main street.
Why?
As I wrote earlier, everything he and congress has done is to make wall street more powerful, and own everything. He is not trying to fix the system, he is making worse.
Why?
To what ends?
I think Obama and congress intend to implode the financial system from within. Crash the entire financial system of the world permently. End of the world as we know it. This will make main street and wall street hate him beyond belief.
Why?
To rebuild it based on a new model, a sustainable model that will benefit everyone, something like Transfinancial Economics. You have to crash the existing system in order to implement a new one.
I hope I'm right.
Saturday, January 16, 2010
Thoughts about Obama...again
Been thinking about Obama again and this argument that he is either 1) Corporate-Banker Elite puppet 2) Out to save the world 3) A fool.
Very difficult to put all the pieces together and come up with a complete picture as the level of disinformation and misdirection is intense.
I think one can make the argument both ways, he is clearly not a fool so can discount that completely. The argument he is corporate-elite puppet is very strong and well grounded in history by Micheal Ruppert in "Crossing the Rubicon."
The argument he is out to save the world has merit, but lacks evidence and rationality other than Obama's history and background.
Everything Obama has done since taking office has been to bail out, backstop banks, the financial system and further enrich the elite. He has done nothing that benefits the people, a proposal to send out a meager additional $250 in 2010 to social security recipients was dropped in December. One can irrationally make the argument that this is deliberate.
There are several things that are clear, Obama has accelerated the bankruptcy of America and the rest of the G20 have followed suit. This course of action has enriched the elite and bankers at the cost of the people. There is a possibility this is being done deliberately to destroy the entire financial system of the world and suck as much wealth out of the people into the hands of the few. Obama has done nothing to restore the consumer or manufacturing economy. The US has a 70% consumer economy, no jobs=no economy.
In other words, if the aim is to suck all the wealth out of the world into the hands of the few at an exponential rate it is working. The question is why.
The super elite already have unimaginable wealth and power. Do they need more to turn the entire world into a feudal society with billions of unhappy people? People are already debt slaves. What is the upside in creating more miserable people? Happy people = content people. Unhappy ones rebel. That is why social security was created. Without a welfare state people rebel and riot. Jim Cramer about a year ago called it the greatest wealth destruction the world had ever seen. What is the upside? A completely enslaved feudal society? Why? More power, more concentrated wealth, ownership of everything? What is the point? To create a world mirrored on George Orwell's "1984" ? A world as the one depicted in "Equilibrium"?
What is the point? Perhaps this could be accomplished in China, but I doubt it. It certainly couldn't be accomplished in the US, the people would rebel, riot and string all politicians up by the nearest telephone pole. It that is the goal, it wouldn't last long. There would quite literally be a civil war in the US. Is that the intention? Recreate conditions in the US to allow for the formation of another Magna Carte? Is that the end goal? I don't know. It's a very real possibility however.
The great unknown here is what is the plan? What does the blueprint look like? Where is this all going. I keep going back and forth between global enslavement and the implementation of a new economic system like Transfinancial Economics. It's been an emotional roller coaster for me over the last year or so. Put as many people into misery in order to implement TF or put as many people into misery and keep them there. Which is it and when is it coming? I still don't know.
The argument that Obama et al want to impose a new sustainable equitable economy has merit. I cannot believe that he has the support of so many people, including practically everyone in the MSM, for the implementation of world wide serfdom and misery ruled by a one world government. That just seems inconceivable. Keith Olberman, Rachel Maddow, Chris Mathews, Rush Limbaugh, Glenn Beck, CNBC, CBC, Fox, Bloomberg etc. all know what is going on and where this is going. It is inconceivable the intent is to further enslave people, make their lives miserable and rule them with the iron fist of a police state. Thats insanity.
I have the discussion with my wife frequently and her response is simple. There is nothing you can about it, deal with whatever comes when it happens, you can't figure out what the plan is or when it is coming because they don't want you to know. This is the same response I got from someone on the Ron Paul forums. Doesn't stop me from trying to figure out and use clues to conjecture the blueprint and timeline. It's irresistible.
The US, the UK, Canada etc are all broke. The system of debt-money fiat currency is broken, collapsing and on its last legs. It is unmistakably in a death spiral. US employment stands at 58% retracing 25 years of gains. Credit is contracting at an increasing rate. Obama met with bankers and had a news conference to announce he had encouraged them to increase lending to small business but they are not. Everything points to a shrinking economy, increasing joblessness, misery for the many at the hands of the few.
As one blogger writes:
"In my mind, it is just a question of timing now. When will the dominoes start to topple? It is still possible, in principle, that crisis might be averted. It is possible that the policymakers will pull back from fiscal irresponsibility. It is possible, but looks increasingly unlikely. They have promised to 'save' their economies. The big questions now are the questions of when it will start, and what will provide the push."
What is the endgame? A totalitarian feudal state or Transfinancial Economics?
Unfortunately at this stage I can't tell. It is one or the other.
Very difficult to put all the pieces together and come up with a complete picture as the level of disinformation and misdirection is intense.
I think one can make the argument both ways, he is clearly not a fool so can discount that completely. The argument he is corporate-elite puppet is very strong and well grounded in history by Micheal Ruppert in "Crossing the Rubicon."
The argument he is out to save the world has merit, but lacks evidence and rationality other than Obama's history and background.
Everything Obama has done since taking office has been to bail out, backstop banks, the financial system and further enrich the elite. He has done nothing that benefits the people, a proposal to send out a meager additional $250 in 2010 to social security recipients was dropped in December. One can irrationally make the argument that this is deliberate.
There are several things that are clear, Obama has accelerated the bankruptcy of America and the rest of the G20 have followed suit. This course of action has enriched the elite and bankers at the cost of the people. There is a possibility this is being done deliberately to destroy the entire financial system of the world and suck as much wealth out of the people into the hands of the few. Obama has done nothing to restore the consumer or manufacturing economy. The US has a 70% consumer economy, no jobs=no economy.
In other words, if the aim is to suck all the wealth out of the world into the hands of the few at an exponential rate it is working. The question is why.
The super elite already have unimaginable wealth and power. Do they need more to turn the entire world into a feudal society with billions of unhappy people? People are already debt slaves. What is the upside in creating more miserable people? Happy people = content people. Unhappy ones rebel. That is why social security was created. Without a welfare state people rebel and riot. Jim Cramer about a year ago called it the greatest wealth destruction the world had ever seen. What is the upside? A completely enslaved feudal society? Why? More power, more concentrated wealth, ownership of everything? What is the point? To create a world mirrored on George Orwell's "1984" ? A world as the one depicted in "Equilibrium"?
What is the point? Perhaps this could be accomplished in China, but I doubt it. It certainly couldn't be accomplished in the US, the people would rebel, riot and string all politicians up by the nearest telephone pole. It that is the goal, it wouldn't last long. There would quite literally be a civil war in the US. Is that the intention? Recreate conditions in the US to allow for the formation of another Magna Carte? Is that the end goal? I don't know. It's a very real possibility however.
The great unknown here is what is the plan? What does the blueprint look like? Where is this all going. I keep going back and forth between global enslavement and the implementation of a new economic system like Transfinancial Economics. It's been an emotional roller coaster for me over the last year or so. Put as many people into misery in order to implement TF or put as many people into misery and keep them there. Which is it and when is it coming? I still don't know.
The argument that Obama et al want to impose a new sustainable equitable economy has merit. I cannot believe that he has the support of so many people, including practically everyone in the MSM, for the implementation of world wide serfdom and misery ruled by a one world government. That just seems inconceivable. Keith Olberman, Rachel Maddow, Chris Mathews, Rush Limbaugh, Glenn Beck, CNBC, CBC, Fox, Bloomberg etc. all know what is going on and where this is going. It is inconceivable the intent is to further enslave people, make their lives miserable and rule them with the iron fist of a police state. Thats insanity.
I have the discussion with my wife frequently and her response is simple. There is nothing you can about it, deal with whatever comes when it happens, you can't figure out what the plan is or when it is coming because they don't want you to know. This is the same response I got from someone on the Ron Paul forums. Doesn't stop me from trying to figure out and use clues to conjecture the blueprint and timeline. It's irresistible.
The US, the UK, Canada etc are all broke. The system of debt-money fiat currency is broken, collapsing and on its last legs. It is unmistakably in a death spiral. US employment stands at 58% retracing 25 years of gains. Credit is contracting at an increasing rate. Obama met with bankers and had a news conference to announce he had encouraged them to increase lending to small business but they are not. Everything points to a shrinking economy, increasing joblessness, misery for the many at the hands of the few.
As one blogger writes:
"In my mind, it is just a question of timing now. When will the dominoes start to topple? It is still possible, in principle, that crisis might be averted. It is possible that the policymakers will pull back from fiscal irresponsibility. It is possible, but looks increasingly unlikely. They have promised to 'save' their economies. The big questions now are the questions of when it will start, and what will provide the push."
What is the endgame? A totalitarian feudal state or Transfinancial Economics?
Unfortunately at this stage I can't tell. It is one or the other.
More Headlines - Friday Jan15 2010
Marc Faber: The Next Thing You Need To Worry About Is The PIIGS
Marc Faber: "We Are Doomed" Charts
Manhattan Apartment Rents Decline 9.4%
RealtyTrac: 2009 was Record Year for Foreclosure Filings
S&P Downgrades California
Number Of U.S. Business Start-Ups Drop 24%, Leading Global Decline
Small Business Trends Suggest No Recovery On Horizon
Those who believe we can 'make it all ok' are delusional beyond words
Consumer Credit in U.S. Drops Record $17.5 Billion in November
2009 GDP: Britain: Worst decline in 88 Years, Germany: Worst Since WWII
Rail Traffic in 2009: Lowest since at least 1988
Elizabeth Warren: Behind the TARP Bailout
Dollar Crisis Looms if US Doesn't Curb Debt: Experts
More Homeowners Struggling As Option ARMs Reset Higher
Walkaways, Pay Option ARMS Hit Banks Bad
Homeowners paying mortgage with plastic
Food Shortages Coming, Buy Commodities: Jim Rogers
Greece's Deficit Cuts Unrealistic: Analyst
Joe Saluzzi Refuses To Drink The Economic Kool-Aid
The Coming Sovereign Debt Crisis
Five of B.C.’s leading financial thinkers reflect on the Year from Hell – and what we can expect in 2010 (hopefully, something better…)
Bankers Get $4 Trillion Gift From Barney FrankBig Banks Accused of Short Sale Fraud
banks "do not have an obligation to promote the public good."
How to deal with the coming economic crisis
The Economy Has Six Months to Live (too short imo)
Net Worth, 2008
Europe slapping rich with massive traffic fines
World Economic Forum warns of further economic crises ahead
Sovereign Debt Crisis Coming As Recovery Stalls
'Significant chance' of second financial crisis, warns World Economic Forum
A global fiasco is brewing in Japan
Friday, January 15, 2010
There is no immient collapse. Still years away.
"The world of finance doesn’t actually make any sense to anybody anymore. In the US, monetary sophistication has so outpaced that of every other country/culture that the US Central Bankers pretty much manipulate however they please, on a global scale, and the rest of the world has pretty much been trained to stop being pro-active and only react to what is happening to them, and try to keep from losing their shirts.So anything can happen, it seems.
My own 2 cents is that right now the doomsayers are all behind the curve — no matter how logical their view may be. On the highest levels I suspect most Western countries are falling into lock-step with the “recovery” theme. Eastern powers, not so much…. I’d suspect 2010 will be more of a “recovery” year than a “sky is falling” year that so many predict. I don’t say it’s going to last…I just no longer believe our impending collapse is going to happen quickly enough to actually turn the tables on the Powers that Be, as so many of us hoped…"
I agree with this analysis. The game will continue until it breaks on its own weight which could quite literally be years and years away. Sad but true I think. As much as I want to believe Obama is who he and the republicans said he was, the problem is actions speak louder than words, and so far all actions are in favor of corporations, the financial elite and quite literally baubles and platitudes to the people. It is quite horrifying actually. The most depressing MSM news show is Dylan Ratigan on MSNBC. The latest bauble to the masses is the bank recovery tax, what a joke. It is so laughable and pathetic I don't know how Obama could have even announced it with a straight face. I don't know how he can say things like I don't work for the banks. It is quite literally staggering and beggars belief.
What is most confusing to me about Obama is his background and how he came to be President. He associated with Bill Ayers, Palestinians, Reverend Wright and many other radical thinkers. Radical as opposed to redneck american thinking. The facts of his background are indisputable, he cannot have gone through those twenty some years without it having some effect on his thinking about the world. During the 2008 campaign Obama articulated all the problems that exist in America and the world as if he understood that something had to be done. From his actions while President, from all appearances he has been completely co-opted by the corporate financial elite. Clinging to the feeble hope this is some kind of ruse is delusional.
The other very confusing thing about Obama is that I know without a doubt he was selected to be President and the McCain campaign went out of their way to help get Obama elected. There is so much evidence of this it is overwhelming. Almost a year ago I put together an entire litany of evidence in sequence to prove this. I even sent it to some media outlets who ignored it. Some day I will dig it out. The point is its indisputable. Alex Jones argues that Obama was chosen to be President by the financial elite in order to co-opt the left and give them some hope Obama was going to free them from financial slavery. From all Obama's actions since taking office so far Alex Jones is exactly right. The other day Alex said the tyranny was going to continue for at least another 10 years. This is very depressing. One analyst on Bloomberg the other day said it would continue for another twelve years. I really hope they are both wrong. What a miserable thought. What it does mean is you can never trust another politician ever again. If you can't trust and believe Obama, you can't trust anyone ever again.
The argument for Obama being putting in place to lead the world to a new financial system based on something like Transfinancial economics is sound. The US has trillions in unfunded liabilities and an aging population just like Canada, Japan and other countries. It cannot afford social security, medicare or medicaid and has to do something. Garth Turner recently wrote that he did not think a crisis will occur until 2015 at the earliest. In other words it looks like nothing will be done until it breaks. Almost as if the earthquake, relief effort and reconstruction in Haiti is a "dry run"
The Ukraine is currently having a presidential election and watched this news report about it on Russia today. The people had such hope during the Orange revolution of 2004 only to have it shattered as their politicans became corrupt, made themselves rich and did nothing.
It also makes me question the Zeitgeist movement since if we are looking at another 10-12 years of this then they are little premature. I don't know what to think
This chart gives some idea of where we are in the financial cycle, and basically says years away from a crisis. I read somewhere that one analyst thinks Japan may default in 3-4 years but can't find that link at the moment.
My own 2 cents is that right now the doomsayers are all behind the curve — no matter how logical their view may be. On the highest levels I suspect most Western countries are falling into lock-step with the “recovery” theme. Eastern powers, not so much…. I’d suspect 2010 will be more of a “recovery” year than a “sky is falling” year that so many predict. I don’t say it’s going to last…I just no longer believe our impending collapse is going to happen quickly enough to actually turn the tables on the Powers that Be, as so many of us hoped…"
I agree with this analysis. The game will continue until it breaks on its own weight which could quite literally be years and years away. Sad but true I think. As much as I want to believe Obama is who he and the republicans said he was, the problem is actions speak louder than words, and so far all actions are in favor of corporations, the financial elite and quite literally baubles and platitudes to the people. It is quite horrifying actually. The most depressing MSM news show is Dylan Ratigan on MSNBC. The latest bauble to the masses is the bank recovery tax, what a joke. It is so laughable and pathetic I don't know how Obama could have even announced it with a straight face. I don't know how he can say things like I don't work for the banks. It is quite literally staggering and beggars belief.
What is most confusing to me about Obama is his background and how he came to be President. He associated with Bill Ayers, Palestinians, Reverend Wright and many other radical thinkers. Radical as opposed to redneck american thinking. The facts of his background are indisputable, he cannot have gone through those twenty some years without it having some effect on his thinking about the world. During the 2008 campaign Obama articulated all the problems that exist in America and the world as if he understood that something had to be done. From his actions while President, from all appearances he has been completely co-opted by the corporate financial elite. Clinging to the feeble hope this is some kind of ruse is delusional.
The other very confusing thing about Obama is that I know without a doubt he was selected to be President and the McCain campaign went out of their way to help get Obama elected. There is so much evidence of this it is overwhelming. Almost a year ago I put together an entire litany of evidence in sequence to prove this. I even sent it to some media outlets who ignored it. Some day I will dig it out. The point is its indisputable. Alex Jones argues that Obama was chosen to be President by the financial elite in order to co-opt the left and give them some hope Obama was going to free them from financial slavery. From all Obama's actions since taking office so far Alex Jones is exactly right. The other day Alex said the tyranny was going to continue for at least another 10 years. This is very depressing. One analyst on Bloomberg the other day said it would continue for another twelve years. I really hope they are both wrong. What a miserable thought. What it does mean is you can never trust another politician ever again. If you can't trust and believe Obama, you can't trust anyone ever again.
The argument for Obama being putting in place to lead the world to a new financial system based on something like Transfinancial economics is sound. The US has trillions in unfunded liabilities and an aging population just like Canada, Japan and other countries. It cannot afford social security, medicare or medicaid and has to do something. Garth Turner recently wrote that he did not think a crisis will occur until 2015 at the earliest. In other words it looks like nothing will be done until it breaks. Almost as if the earthquake, relief effort and reconstruction in Haiti is a "dry run"
The Ukraine is currently having a presidential election and watched this news report about it on Russia today. The people had such hope during the Orange revolution of 2004 only to have it shattered as their politicans became corrupt, made themselves rich and did nothing.
It also makes me question the Zeitgeist movement since if we are looking at another 10-12 years of this then they are little premature. I don't know what to think
Thursday, January 14, 2010
Some great posts today
Great post and summary of the problem by Denninger, yet again
"Simply put the problem is too much spending. The Keynesian prescription only works when there is additional debt service capacity in the private sector - when that is exhausted then the engine that is necessary to turn pump-priming into expansion (that is, private credit expansion) is absent and you are simply throwing the stimulus money down a black hole.
This recession began with the exhaustion of private debt-service capacity. It is for this reason that all the claimed Keynesian "solutions" have not and cannot work - there is simply no more margin between debt service capacity and outstanding debt levels in the private economy. This is proved month after month as bank credit continues to contract and consumer debt loads come down month after month."
Red-Ink Tsunami: Why Old Ideas Can't Fix the New Government Perma-Crisis "The decline in government revenue is unprecedented for any period on record going back to 1952”
Is America's financial collapse inevitable? "Somehow, we just missed ... that home prices don't go up forever."
Unofficial Problem Bank List increases to 576
Small Business Trends Suggest No Recovery On Horizon
Swiss Cheese Recovery, More Holes Than Cheese
Retail sales drop 0.3 percent in December as sales for all of 2009 plunge by record amount
Barney Frank - "Fannie and Freddie have collapsed...they are now in effect a public utility"
"Simply put the problem is too much spending. The Keynesian prescription only works when there is additional debt service capacity in the private sector - when that is exhausted then the engine that is necessary to turn pump-priming into expansion (that is, private credit expansion) is absent and you are simply throwing the stimulus money down a black hole.
This recession began with the exhaustion of private debt-service capacity. It is for this reason that all the claimed Keynesian "solutions" have not and cannot work - there is simply no more margin between debt service capacity and outstanding debt levels in the private economy. This is proved month after month as bank credit continues to contract and consumer debt loads come down month after month."
Red-Ink Tsunami: Why Old Ideas Can't Fix the New Government Perma-Crisis "The decline in government revenue is unprecedented for any period on record going back to 1952”
Is America's financial collapse inevitable? "Somehow, we just missed ... that home prices don't go up forever."
Unofficial Problem Bank List increases to 576
Small Business Trends Suggest No Recovery On Horizon
Swiss Cheese Recovery, More Holes Than Cheese
Retail sales drop 0.3 percent in December as sales for all of 2009 plunge by record amount
Barney Frank - "Fannie and Freddie have collapsed...they are now in effect a public utility"
mother, mother
Why on earth can't you see reality. Denial and brainwashing I know, It's not your fault. I should take some courses on how to deprogram brainwashing. Facts and evidence are useless against brainwashed zombies. Like arguing with climate change deniers. Is the climate changing? Is it man-made? Does it matter? Can we do something? Can we stop cutting down the rain forest, stop breeding cows, stop polluting the environment?
When the next phase comes, when the world moves en mass from denial to confusion, I don't want to say to my parents "I told you so." I still want them to see it before it comes so they can recognize it as it unfolds.
Every month the facts on the economy gets worse and worse. Records keep getting broken time and time again. December 09 saw a record credit contraction, yet again. Almost a million people were dropped off the rolls making December the worst job loss rate since records were started, more people work for government than in manufacturing for the first time in history. Personal and business bankruptcies are up almost 40% over 2008, record 2.8 million foreclosures with another 3-3.5 million expected in 2010 along with 500 bank closures. Almost 40 million on food stamps, only 58% of labor force employed retracing gains from the last 25 years, real US unemployment at almost 22%, The list goes on and on.
Listened to a great interview with Catherine Austin Fitts today on Alex Jones and she made some very interesting points. She thinks the solution is local and state governments need to take control back from the federal government. In particular their economies and currencies. Alex kept interjecting with looting bankers etc which is all true, but I have to be believe that Obama and crew know what they are doing.
I think there are only three possibilities with Obama. 1) He is a corporate banker tool 2) He is a fool 3) He is who the republicans and democrats say he is. Obama is clearly not a fool and the odds that he is a corporate banker tool are very slim just because of who he has associated with i.e. Bill Ayers.
Watched Glenn Beck interview with Sarah Palin which was also fascinating. I want to lay a bet 2012 will see Palin-Beck ticket. The interview was interesting because Beck touched on all the themes and implied that you can trust Palin to save America. While at the same time both Beck and Palin said after 200 years America is due for a paradigm shift and that new paradigm is coming. The implication was that Palin can be trusted to lead America to that new paradigm without saying what it was. Palin can be trusted to listen and act on behalf of the people, not corporations and banks. What a load of rubbish. If you can't trust Obama, you certainly can't trust Palin.
Glenn Beck has been fascinating since Jan 4th 2010. I stopped watching him last fall as couldn't take the hyperbole anymore, but since this year started he has been amazing. Amazing for his honesty and accuracy. He still leaves stuff out and panders to his audience, but he is doing a fantastic job of laying it all out in very simple terms.
"Feels like 1935"
"I'm going to start eating my own feet"
When the next phase comes, when the world moves en mass from denial to confusion, I don't want to say to my parents "I told you so." I still want them to see it before it comes so they can recognize it as it unfolds.
Every month the facts on the economy gets worse and worse. Records keep getting broken time and time again. December 09 saw a record credit contraction, yet again. Almost a million people were dropped off the rolls making December the worst job loss rate since records were started, more people work for government than in manufacturing for the first time in history. Personal and business bankruptcies are up almost 40% over 2008, record 2.8 million foreclosures with another 3-3.5 million expected in 2010 along with 500 bank closures. Almost 40 million on food stamps, only 58% of labor force employed retracing gains from the last 25 years, real US unemployment at almost 22%, The list goes on and on.
Listened to a great interview with Catherine Austin Fitts today on Alex Jones and she made some very interesting points. She thinks the solution is local and state governments need to take control back from the federal government. In particular their economies and currencies. Alex kept interjecting with looting bankers etc which is all true, but I have to be believe that Obama and crew know what they are doing.
I think there are only three possibilities with Obama. 1) He is a corporate banker tool 2) He is a fool 3) He is who the republicans and democrats say he is. Obama is clearly not a fool and the odds that he is a corporate banker tool are very slim just because of who he has associated with i.e. Bill Ayers.
Watched Glenn Beck interview with Sarah Palin which was also fascinating. I want to lay a bet 2012 will see Palin-Beck ticket. The interview was interesting because Beck touched on all the themes and implied that you can trust Palin to save America. While at the same time both Beck and Palin said after 200 years America is due for a paradigm shift and that new paradigm is coming. The implication was that Palin can be trusted to lead America to that new paradigm without saying what it was. Palin can be trusted to listen and act on behalf of the people, not corporations and banks. What a load of rubbish. If you can't trust Obama, you certainly can't trust Palin.
Glenn Beck has been fascinating since Jan 4th 2010. I stopped watching him last fall as couldn't take the hyperbole anymore, but since this year started he has been amazing. Amazing for his honesty and accuracy. He still leaves stuff out and panders to his audience, but he is doing a fantastic job of laying it all out in very simple terms.
"Feels like 1935"
"I'm going to start eating my own feet"
Wednesday, January 13, 2010
My mother...what can I say
I sent my mother an email linking to two articles from the same source, the Vancouver Sun, published one day apart. One headline reads Vancouver home prices expected to jump 7.2 per cent in 2010 and sites as its source realty firm Royal LePage. The other article, published a day later, has as its headline Canada's real estate market too hot, say analysts and cites various analysts/commentators.
You have to understand I did this deliberately. My parents are extremely suspicious of anything I say so I have to be extremely careful to not appear biased. To me this seemed straight forward. Same source, different perspectives.
I asked my mother, which story was credible? To me seemed obvious and foolishly I thought obvious to her as well. Her reply? "I read the two pieces from the Sun and didn’t really see a big conflict."
At the end of the second piece, the article ends by quoting Will Strange, professor of real estate and urban economics at the Rotman School of Management who states "don't buy it because you think the price is going to go up." Foolishly I thought this contradicted Royal LePage prediction "Metro Vancouver's home prices will inflate another 7.2 per cent this year."
The really sad part in my mother's reply is this "but if you can afford it, property is still a good bet. Don’t buy to sell in the short term because prices are likely to drop but buy to live in because property will continue to be a strong investment."
I suppose I am just naive and continue to be when it comes to my parents. To paraphrase Jared Diamond Societies fail because they're unprepared, and will be in denial till it's too late.
I just don't understand how my parents can't see the writing on the wall. The evidence is everywhere and growing. Every week and every month it gets worse, not better. I realize a big part of the problem is government and main street media deliberate campaign of disinformation. My parents believe anything the media tells them.
Nonsense like this in the Vancouver Sun "Canada's not headed for anything similar to the U.S. subprime mess because lending standards here are higher."
Standards are higher? Rubbish. Whispers has a great post up yesterday that rips this to shreds as Canada is in a worse sub-prime bubble than the US ever was. This is been carefully documented by Jonathan Tonge who has done extensive analysis of CMHC reports over the last year and by albertabubbleblog.blogspot.com and Garth Turner. Canadians debt to income ratio surpases the US at 142% to 135%. Savings are lower, pensions are lower, the list goes on and on.
The bigger picture comes from what is happening in the US, Europe and the rest of the world. As I've said before, Canada is being kept insulated and protected by an artificial bubble created by Mark Carney who has confirmed that the Harper government will keep it in place for as long as they can. This is great for Canada and Canadians. I am all in favor of keeping us sheltered for as long as possible and applaud Carney for doing it. Why make Canadians suffer if they don't have to and can do something about it? We are being protected just like China is sheltering its citizens.
What is objectionable is the media manipulation of the masses. However this is the norm around the world so should not expect any different in Canada. It only proves that people are gullible and easily manipulated because they are unable and unwilling to investigate and think for themselves. Eventually people will realize they have been lied to and deceived on a scale unprecedented in history. Greater than the Nazi Germany propaganda machine. (History will prove this)
Societies fail because they're unprepared, and will be in denial till it's too late.
I wrote a lot about "Swine Flu" being a metaphor for depression/collapse etc, it might also be a metaphor for WAKE UP Government and the mass media cannot be trusted. FoxNews, MetroUK, SunUK, AlJazeera and others have all come out saying Swine Flu was a "false pandemic" and investigations are under way in Europe by the Parliamentary Health Committee while HHS Secretary Kathleen Sebelius warned as recently as Dec 18th of a "third wave".
Only time will tell what "Swine Flu" is really a metaphor for.
But I digress...my point is I cannot understand why my parents have this blind faith and optimism that things will go on as before.
I could understand if Canada was on another planet, wholly self sufficient and the internet did not exist, but we do not. We all live on the same planet, exist in a global financial economy with the United States as its linchpin and have access to the internet, which allows us to source accurate information and not have to accept corporate government media as truth.
I will never forget the November elections of 2008 and what was broadcast on the MSM starting on Oct 31st 6:00PM EST. I will never forget that CNN on Nov 4th, election day, broadcast live around the world that they were interviewing reporters who were appearing as holograms in the CNN studio. They have never repeated such claims since.
Let me get back to my point...
Every week and month that goes by the situation get worse and worse. There is no recovery.
The issue for me is that my parents can't see it, don't know it or believe Canada will come out ok. This is fiction. Fantasy that belies facts, evidence and reasoning. The only reason they cling to this belief is brainwashing, which I written about previously.
Due to the nature of my work, I have more time on my hands than my parents or even most people do. Most people get snippets of news from the main street media and over time believe what they are being told and treat it as gospel. On this blog I have subscribed and linked to a number of sources that I review on a daily basis that are outside the MSM. I don't take any of them at face value and only accept it if verified by another source. I made the mistake of accepting one at face value only to later find it was inaccurate so will not repeat that again.
What is clear though is the world economy is getting worse, not better. The MSM spins everything to the positive and leaves out the negative or even leaves out additional facts altogether. For example, China's exports rose in December, this is spun as good news by the MSM. What they leave out is the Germany and other countries exports dropped. The MSM deliberately leaves out that any increase in China's exports is coming at cost of other countries manufacturing.
The world economy is not growing, it is shrinking and eating itself to survive.
Facts speak for themselves. The most telling is the United States. The facts and trend implications are staggering.
Facts don't lie. Trends don't lie. From facts and trends you can make forecasts and the forecast is there is no recovery, it is only getting worse with no end in sight. Forget The Unemployment Rate, The Real Nightmare Is The EMPLOYMENT Rate
There are so many facts I could list it is hard to even begin choosing.
December's US job loss worst on record, personal bankruptcies up 32%, rail traffic worst since started collecting data, US sales taxes down, real US unemployment at 22%, record US credit drop, world shipping down, UK economy down -4.8% (sharpest decline since 1921) Germany down -5% (worst since WWII), Spain unemployment 20%, youth unemployment 40%, the list goes on and on. And the consequences...latest budget plan from California Governor Arnold Schwarzenegger would force 200,000 children off low-cost medical insurance, end in-home care for 350,000 infirm and elderly citizens and slash income assistance to hundreds of thousands more
It is a "race to the bottom"
So what is the risk to Canada and Canadians?
Why should Canadians and my parents be concerned or even thinking Societies fail because they're unprepared, and will be in denial till it's too late.
To state the obvious, whatever happens in the US will affect Canada and Canada will follow.
The Harper government is following lock step with US policy.
The St.Louis federal reserve a few days ago admitted it would not be raising interest rates, this means Canada will not be raising interest rates and so the Canadian real estate bubble will continue to inflate and property values will continue to rise in Canada.
TrimTabs chairman went on CNBC a couple of days ago to say that based on their research, the rise in the stock market can only logically attributed to the federal government. The federal reserve has admitted it has been buying Mortgage backed securities and the federal government has taken over mortgage insurers fannie mae and freddie mac. This means that the federal government has effectively taken over the mortgage market and has been buying stock in public companies.
What does this mean? The government is taking over economies and its debt slaves, people.
The US federal government has to roll over some 2 trillion in debt as well as issue some 1.6 trillion in new debt in 2010. It has already been determined that the federal reserve bought 80% of US treasuries in 2009 and funded 91% of the US deficit for fiscal year 2009, so what are they going to do for 2010? Go after pensions. Well laid out on dailykos the next source of funds will be pension plans.
What else is worrisome? Devaluation. North Korea and Venezuela have both devalued their currencies and Argentina is in the midst of a constitutional crisis. Who cares? Maybe there is no need to be alarmed. But what this does say is how easily it can be done, at the stroke of a pen.
So what is my point? The US and world economy is in a downward death spiral with no end in sight other than a horrific crash. The crash could come in many different forms, a currency crisis, a default, a false flag event, a real event, there are many options but a crash is inevitable and based on the facts indisputable. There is no way out.
When will the crash occur? Who knows, but I think it may be over by 2014 when the Health Care bill is to take effect. For now the game is "extend and pretend."
Glenn Beck of FoxNews, the master of controlled opposition, spent almost the entire week of Jan4-7 detailing this out to his audience, granted with a lot of hyperbole, but the facts were accurate.
Unfortunately my parents don't watch or listen to either me or Glenn Beck. They will only believe it when it happens.
Societies fail because they're unprepared, and will be in denial till it's too late.
"There is only one way forward. Your own path" - Garth Turner
You have to understand I did this deliberately. My parents are extremely suspicious of anything I say so I have to be extremely careful to not appear biased. To me this seemed straight forward. Same source, different perspectives.
I asked my mother, which story was credible? To me seemed obvious and foolishly I thought obvious to her as well. Her reply? "I read the two pieces from the Sun and didn’t really see a big conflict."
At the end of the second piece, the article ends by quoting Will Strange, professor of real estate and urban economics at the Rotman School of Management who states "don't buy it because you think the price is going to go up." Foolishly I thought this contradicted Royal LePage prediction "Metro Vancouver's home prices will inflate another 7.2 per cent this year."
The really sad part in my mother's reply is this "but if you can afford it, property is still a good bet. Don’t buy to sell in the short term because prices are likely to drop but buy to live in because property will continue to be a strong investment."
I suppose I am just naive and continue to be when it comes to my parents. To paraphrase Jared Diamond Societies fail because they're unprepared, and will be in denial till it's too late.
I just don't understand how my parents can't see the writing on the wall. The evidence is everywhere and growing. Every week and every month it gets worse, not better. I realize a big part of the problem is government and main street media deliberate campaign of disinformation. My parents believe anything the media tells them.
Nonsense like this in the Vancouver Sun "Canada's not headed for anything similar to the U.S. subprime mess because lending standards here are higher."
Standards are higher? Rubbish. Whispers has a great post up yesterday that rips this to shreds as Canada is in a worse sub-prime bubble than the US ever was. This is been carefully documented by Jonathan Tonge who has done extensive analysis of CMHC reports over the last year and by albertabubbleblog.blogspot.com and Garth Turner. Canadians debt to income ratio surpases the US at 142% to 135%. Savings are lower, pensions are lower, the list goes on and on.
The bigger picture comes from what is happening in the US, Europe and the rest of the world. As I've said before, Canada is being kept insulated and protected by an artificial bubble created by Mark Carney who has confirmed that the Harper government will keep it in place for as long as they can. This is great for Canada and Canadians. I am all in favor of keeping us sheltered for as long as possible and applaud Carney for doing it. Why make Canadians suffer if they don't have to and can do something about it? We are being protected just like China is sheltering its citizens.
What is objectionable is the media manipulation of the masses. However this is the norm around the world so should not expect any different in Canada. It only proves that people are gullible and easily manipulated because they are unable and unwilling to investigate and think for themselves. Eventually people will realize they have been lied to and deceived on a scale unprecedented in history. Greater than the Nazi Germany propaganda machine. (History will prove this)
Societies fail because they're unprepared, and will be in denial till it's too late.
I wrote a lot about "Swine Flu" being a metaphor for depression/collapse etc, it might also be a metaphor for WAKE UP Government and the mass media cannot be trusted. FoxNews, MetroUK, SunUK, AlJazeera and others have all come out saying Swine Flu was a "false pandemic" and investigations are under way in Europe by the Parliamentary Health Committee while HHS Secretary Kathleen Sebelius warned as recently as Dec 18th of a "third wave".
Only time will tell what "Swine Flu" is really a metaphor for.
But I digress...my point is I cannot understand why my parents have this blind faith and optimism that things will go on as before.
I could understand if Canada was on another planet, wholly self sufficient and the internet did not exist, but we do not. We all live on the same planet, exist in a global financial economy with the United States as its linchpin and have access to the internet, which allows us to source accurate information and not have to accept corporate government media as truth.
I will never forget the November elections of 2008 and what was broadcast on the MSM starting on Oct 31st 6:00PM EST. I will never forget that CNN on Nov 4th, election day, broadcast live around the world that they were interviewing reporters who were appearing as holograms in the CNN studio. They have never repeated such claims since.
Let me get back to my point...
Every week and month that goes by the situation get worse and worse. There is no recovery.
The issue for me is that my parents can't see it, don't know it or believe Canada will come out ok. This is fiction. Fantasy that belies facts, evidence and reasoning. The only reason they cling to this belief is brainwashing, which I written about previously.
Due to the nature of my work, I have more time on my hands than my parents or even most people do. Most people get snippets of news from the main street media and over time believe what they are being told and treat it as gospel. On this blog I have subscribed and linked to a number of sources that I review on a daily basis that are outside the MSM. I don't take any of them at face value and only accept it if verified by another source. I made the mistake of accepting one at face value only to later find it was inaccurate so will not repeat that again.
What is clear though is the world economy is getting worse, not better. The MSM spins everything to the positive and leaves out the negative or even leaves out additional facts altogether. For example, China's exports rose in December, this is spun as good news by the MSM. What they leave out is the Germany and other countries exports dropped. The MSM deliberately leaves out that any increase in China's exports is coming at cost of other countries manufacturing.
The world economy is not growing, it is shrinking and eating itself to survive.
Facts speak for themselves. The most telling is the United States. The facts and trend implications are staggering.
Facts don't lie. Trends don't lie. From facts and trends you can make forecasts and the forecast is there is no recovery, it is only getting worse with no end in sight. Forget The Unemployment Rate, The Real Nightmare Is The EMPLOYMENT Rate
There are so many facts I could list it is hard to even begin choosing.
December's US job loss worst on record, personal bankruptcies up 32%, rail traffic worst since started collecting data, US sales taxes down, real US unemployment at 22%, record US credit drop, world shipping down, UK economy down -4.8% (sharpest decline since 1921) Germany down -5% (worst since WWII), Spain unemployment 20%, youth unemployment 40%, the list goes on and on. And the consequences...latest budget plan from California Governor Arnold Schwarzenegger would force 200,000 children off low-cost medical insurance, end in-home care for 350,000 infirm and elderly citizens and slash income assistance to hundreds of thousands more
It is a "race to the bottom"
So what is the risk to Canada and Canadians?
Why should Canadians and my parents be concerned or even thinking Societies fail because they're unprepared, and will be in denial till it's too late.
To state the obvious, whatever happens in the US will affect Canada and Canada will follow.
The Harper government is following lock step with US policy.
The St.Louis federal reserve a few days ago admitted it would not be raising interest rates, this means Canada will not be raising interest rates and so the Canadian real estate bubble will continue to inflate and property values will continue to rise in Canada.
TrimTabs chairman went on CNBC a couple of days ago to say that based on their research, the rise in the stock market can only logically attributed to the federal government. The federal reserve has admitted it has been buying Mortgage backed securities and the federal government has taken over mortgage insurers fannie mae and freddie mac. This means that the federal government has effectively taken over the mortgage market and has been buying stock in public companies.
What does this mean? The government is taking over economies and its debt slaves, people.
The US federal government has to roll over some 2 trillion in debt as well as issue some 1.6 trillion in new debt in 2010. It has already been determined that the federal reserve bought 80% of US treasuries in 2009 and funded 91% of the US deficit for fiscal year 2009, so what are they going to do for 2010? Go after pensions. Well laid out on dailykos the next source of funds will be pension plans.
What else is worrisome? Devaluation. North Korea and Venezuela have both devalued their currencies and Argentina is in the midst of a constitutional crisis. Who cares? Maybe there is no need to be alarmed. But what this does say is how easily it can be done, at the stroke of a pen.
So what is my point? The US and world economy is in a downward death spiral with no end in sight other than a horrific crash. The crash could come in many different forms, a currency crisis, a default, a false flag event, a real event, there are many options but a crash is inevitable and based on the facts indisputable. There is no way out.
When will the crash occur? Who knows, but I think it may be over by 2014 when the Health Care bill is to take effect. For now the game is "extend and pretend."
Glenn Beck of FoxNews, the master of controlled opposition, spent almost the entire week of Jan4-7 detailing this out to his audience, granted with a lot of hyperbole, but the facts were accurate.
Unfortunately my parents don't watch or listen to either me or Glenn Beck. They will only believe it when it happens.
Societies fail because they're unprepared, and will be in denial till it's too late.
"There is only one way forward. Your own path" - Garth Turner
Walmart closing stores and laying off 1,500
Walmart closing stores and laying off staff? What does that tell you?
Wal-Mart said Monday it will close 10 money-losing Sam's Club stores and cut 1,500 jobs to reduce costs.
Here is a great summary:
11 Clear Signs That The U.S. Economy Is Headed Into The Toilet
In San Fransciso and Oakland area, court bankruptcy filings are up 40% from 2008.
“There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved.”
- Ludwig von Mises
Wal-Mart said Monday it will close 10 money-losing Sam's Club stores and cut 1,500 jobs to reduce costs.
Here is a great summary:
11 Clear Signs That The U.S. Economy Is Headed Into The Toilet
In San Fransciso and Oakland area, court bankruptcy filings are up 40% from 2008.
“There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved.”
- Ludwig von Mises
"The probability of a crisis will build during 2010" - Barclays
"The probability of a crisis will build during 2010. Although it might seem natural to think that the probability of a dire scenario falls over time, as more quarters of growth are recorded, in fact the opposite is true. The main reason why is that, faced with resistance to a more fundamentals shift, currently, policymakers are trying to recreate the “old” world, which was clearly unsustainable in a number of respects, such as in its reliance on “rich” consumers to spend and “poor” ones to save. The longer that that continues the higher the probability of a train crash."
US must cut spending to save AAA rating, warns Fitch
Monday, January 11, 2010
Brutal Summary
"Whispersfromtheedge" has posted a brutal reality check
A slow motion train wreck...
I don't know about gold prediction...but rest is coherent
A slow motion train wreck...
I don't know about gold prediction...but rest is coherent
Jindal could be GOP VP Nominee - NewsWeek
This is just too funny not to post.
Jindal Could Be the GOP's Next Veep Nominee
As stated previously, my prediction, Palin will be nominee for president 2012.
Icing on the cake would be Jindal as VP.
Anyone who thinks game is not rigged and outcome predetermined, should have their doubts laid to rest when this occurs.
Jindal Could Be the GOP's Next Veep Nominee
As stated previously, my prediction, Palin will be nominee for president 2012.
Icing on the cake would be Jindal as VP.
Anyone who thinks game is not rigged and outcome predetermined, should have their doubts laid to rest when this occurs.
Stock picks
Analysts' Best Stock Picks For 2010
THE ULTIMATE GUIDE TO 2010 INVESTMENT PREDICTIONS AND OUTLOOKS
FreeStockCharts
Radar.on.Twitter
http://www.slopeofhope.com/ http://blog.rebeltraders.net/ http://www.prophet.net/
http://shockedinvestor.blogspot.com/ http://topforeignstocks.com/2009/12/02/five-canadian-royalty-trusts-offer-high-yields
Ind. Companies
Cerberus Capital
THE ULTIMATE GUIDE TO 2010 INVESTMENT PREDICTIONS AND OUTLOOKS
FreeStockCharts
Radar.on.Twitter
http://www.slopeofhope.com/ http://blog.rebeltraders.net/ http://www.prophet.net/
http://shockedinvestor.blogspot.com/ http://topforeignstocks.com/2009/12/02/five-canadian-royalty-trusts-offer-high-yields
Ind. Companies
Cerberus Capital
Sunday, January 10, 2010
"Fed Policy Will Remain Unchanged As Change Would Destroy Banks"
"financial institutions would need to be capable of withstanding large shocks to asset prices, as well as other shocks." James Bullard - St.Louis Fed President
Denninger:
"Bullard has inadvertently pulled back the curtain and exposed the reason that we will suffer another crash in the markets, this one worse than the last."
From ZeroHedge:
"Our prediction: Q.E., ZIRP, and all other disastrous and bubble-friendly policies by the Fed will remain in place until such time as Wall Street has transferred enough wealth from the middle class at current conditions, at which point debtloads will be inflated through a period of hyperinflationary annihilation of the middle class, or, because we have no certainty the Fed can even print enough FRNs quickly enough without screwing something up, will collapse under their own weight in a deflationary implosion. Either way, the end is now in sight."
Denninger:
"Bullard has inadvertently pulled back the curtain and exposed the reason that we will suffer another crash in the markets, this one worse than the last."
From ZeroHedge:
"Our prediction: Q.E., ZIRP, and all other disastrous and bubble-friendly policies by the Fed will remain in place until such time as Wall Street has transferred enough wealth from the middle class at current conditions, at which point debtloads will be inflated through a period of hyperinflationary annihilation of the middle class, or, because we have no certainty the Fed can even print enough FRNs quickly enough without screwing something up, will collapse under their own weight in a deflationary implosion. Either way, the end is now in sight."
"Societies fail because they're unprepared, and will be in denial till it's too late"
Economists warn: Another great depression is likely
12 Dr. Dooms Shred 2010 Investing Optimism
CBI pours cold water on green shoots for economy
America slides deeper into depression as Wall Street revels "December was the worst month for US unemployment since the Great Recession began"
The economic collapse of America - what the future may hold
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