"Everything thrown into the sea"
Israel hasbara fails again: Photos show Mavi Marmara passengers protecting, aiding Israeli soldiers
Monday, June 7, 2010
What is really going on between Hamas and the Isreali government
Mark Regev telling the truth, for once.
INTERPRETATION - "Israel is doing what is good for Hamas. Hamas is doing what Israel wants it to do. Both together want to harm the palestinian people. Both want war. The result is an endless series of Israeli military victories, Hamas political victories and total destruction."
Interview with Hamas
Zionists invented Modern Terrorism
What's the difference between Zionism and Racism?
IDF releases list of what it allows in and out of Gaza
IDF currently allows perhaps 100 trucks allowed into Gaza a day, fifteen years ago 1500-1800 trucks went into Gaza. They only carry limited items. List of allowed products has increased from 39 to 72...used to be 3800 items imported into Gaza. No papers, no pencils, no pasta. Collective punishment, ghettoization, occupation, humiliation at its worst.
No tinned meat is allowed, no tomato paste,
But no apricots, no plums, no grapes, no avocados, no jam.
These are luxuries and are not allowed.
Paper for textbooks is not allowed.
The terrorists could use it to print seditious material.
And why do you need textbooks
now that your schools are rubble?
No steel is allowed, no building supplies, no plastic pipe.
These the terrorists could use to launch rockets
against us.
Pumpkins and carrots you may have, but no delicacies,
no cherries, no pomegranates, no watermelon, no onions,
no chocolate.
We have a list of three dozen items that are allowed,
but we are not obliged to disclose its contents.
This is the decision arrived at
by Colonel Levi, Colonel Rosenzweig, and Colonel Segal.
Our motto:
‘No prosperity, no development, no humanitarian crisis.’
You may fish in the Mediterranean,
but only as far as three km from shore.
Beyond that and we open fire.
It is a great pity the waters are polluted
twenty million gallons of raw sewage dumped into the sea every day
is the figure given.
Our rockets struck the sewage treatments plants,
and at this point spare parts to repair them are not allowed.
As long as Hamas threatens us,
no cement is allowed, no glass, no medical equipment.
We are watching you from our pilotless drones
as you cook your sparse meals over open fires
and bed down
in the ruins of houses destroyed by tank shells.
And if your children can’t sleep,
missing the ones who were killed in our incursion,
or cry out in the night, or wet their beds
in your makeshift refugee tents,
or scream, feeling pain in their amputated limbs –
that’s the price you pay for harbouring terrorists.
God gave us this land.
A land without a people for a people without a land.
Breakdown of Humanitarian Aid to the Gaza Strip in 2009-2010, 6 June 2010
RICHARD TILLINGHAST
Richard Tillinghast is an American poet who lives in Co Tipperary. He is the author of eight books of poetry, the latest of which is Selected Poems (Dedalus Press, 2010 ), as well as several works of non-fiction
No tinned meat is allowed, no tomato paste,
no clothing, no shoes, no notebooks.
These will be stored in our warehouses at Kerem Shalom
until further notice.
Bananas, apples, and persimmons are allowed into Gaza,
peaches and dates, and now macaroni
(after the American Senator’s visit).
These are vital for daily sustenance.
But no apricots, no plums, no grapes, no avocados, no jam.These are luxuries and are not allowed.
Paper for textbooks is not allowed.
The terrorists could use it to print seditious material.
And why do you need textbooks
now that your schools are rubble?
No steel is allowed, no building supplies, no plastic pipe.
These the terrorists could use to launch rockets
against us.
Pumpkins and carrots you may have, but no delicacies,
no cherries, no pomegranates, no watermelon, no onions,
no chocolate.
We have a list of three dozen items that are allowed,
but we are not obliged to disclose its contents.
This is the decision arrived at
by Colonel Levi, Colonel Rosenzweig, and Colonel Segal.
Our motto:
‘No prosperity, no development, no humanitarian crisis.’
You may fish in the Mediterranean,
but only as far as three km from shore.
Beyond that and we open fire.
It is a great pity the waters are polluted
twenty million gallons of raw sewage dumped into the sea every day
is the figure given.
Our rockets struck the sewage treatments plants,
and at this point spare parts to repair them are not allowed.
As long as Hamas threatens us,
no cement is allowed, no glass, no medical equipment.
We are watching you from our pilotless drones
as you cook your sparse meals over open fires
and bed down
in the ruins of houses destroyed by tank shells.
And if your children can’t sleep,
missing the ones who were killed in our incursion,
or cry out in the night, or wet their beds
in your makeshift refugee tents,
or scream, feeling pain in their amputated limbs –
that’s the price you pay for harbouring terrorists.
God gave us this land.
A land without a people for a people without a land.
Disgusting and repulsive
Israeli MP Haneen Zuabi who was on board Mavi Marmara says "Israeli ships fired before boarding"
The most disgusting repulsive video yet
Close-Up Footage of Flotilla Activists being Shot
Israeli State Piracy?
Gaza Aid Flotilla debate: Activists or Extremists?
Jon Snow and Mark Regev
An act of State Terrorism - "A Mad Dog too dangerous to bother...but too dangerous to ignore"
The most disgusting repulsive video yet
Close-Up Footage of Flotilla Activists being Shot
Israeli State Piracy?
Gaza Aid Flotilla debate: Activists or Extremists?
Jon Snow and Mark Regev
An act of State Terrorism - "A Mad Dog too dangerous to bother...but too dangerous to ignore"
Sunday, June 6, 2010
Obama the fraud
Lots of nice speeches, nothing has changed, the truth has only become more sickening
U.S. Helps Egypt Construct Huge Gaza Wall - Dec 9th 2009
US army engineers have designed the wall, US firms have manufactured its sections, and the US will monitor it.
Egypt installing metal wall to block Gaza Strip
Egypt's plan to build an underground wall along its border with Gaza, first exposed by the Israeli daily Haaretz, is the second of two initiatives backed by the US military, informed sources said.
In recent months, US army engineers have moved forward on a two-phase, multimillion-dollar project to stop the flow of goods and money into the besieged coastal strip.
The first stage of the initiative includes the installation of below-ground, state-of-the-art sensors capable of detecting sound or movement nearby, Ma'an has learned. US experts began the process about one year ago, and it is nearing completion.
The sensors are about the size of a human fist, planted below Rafah with cables running inside pipes 15 meters deep along the borderline. Each sensor is linked to an electronic panel and a computer screen, which documents below-ground activity. Whenever movement or sound is detected nearby, the sensors send details about the location and dimensions of its source to a special security system.
Four US military engineers are responsible for monitoring these sensors and analyzing activity to differentiate between new digging or everyday goods smuggling. In all cases, US forces have kept the Israeli side informed about any detected movement, despite that the entire operation is conducted on Egyptian soil.
Israel and Egypt have maintained a debilitating blockade on Gaza since Hamas took over in 2007, preventing all but a trickle of imports and exports, and banning the coastal enclave's 1.5 million residents from traveling. Palestinians have resorted to building a vast network of underground smuggling tunnels, providing Gazans with a variety of banned commercial goods.
American assistance has been instrumental in Egypt's management of the siege. Egyptian security sources say authorities are aware of nearly 1,300 underground tunnels, of which 450 were taken over this year.
Phase two:
But Cairo is hesitant about the second stage of the project, the installation of a steel wall underneath the borderline that Haaretz revealed earlier this week. This phase, which gained traction six months ago, is unpopular among Egyptian officials who feel pressured to go along with what they consider a purely American-Israeli initiative.
US officials have confirmed some involvement in the first stage, but deny that a second phase even exists.
The steel wall and sensors were being installed along 10-11 kilometers of the 13-km border; three km were excluded because the soil is so soft along this stretch that it naturally prevents the maintenance of stable tunnels. The exclusion zones are referred to by officials in Rafah as International Marker No. 1 and No. 3, both of which are near the beach.
All these plates and sensors were manufactured in the United States. Six months ago, freighters delivered the plates to a port on Egypt's Mediterranean coast, where they were loaded onto military trucks and transported to Rafah under a shroud of secrecy.
The panels, which sources say were transferred through Sheikh Zweid city, measure 18 meters by 50 centimeters and are about five centimeters thick. They were designed to snap into place parallel to one another, arranged side by side to increase the underground border wall's horizontal length and effectiveness against the smugglers, who occasionally use explosives when digging.
Egyptian authorities have installed a network of these plates on two sites along the border; one is located about four km north of the port, and another about 500 meters south of the Rafah terminal. Security forces have lowered them into the ground under the guise of performing routine maintenance work. They have also employed ordinary equipment, such as machinery for digging water wells, as not to arouse suspicions. As of press time, however, portions of the steel panels remained exposed above ground.
Egypt has officially denied any involvement, but Ma'an learned that the state confiscated or purchased private land along the border to implement the plan. Most of this land was owned by farmers, who separately accepted above-market compensation from buyers actually representing Cairo. Hundreds of trees have been uprooted over the past few months as authorities construct the underground system.
Egypt fails to block Gaza tunnels
UK Jewish MP: Israel acting like Nazis in Gaza
U.S. Helps Egypt Construct Huge Gaza Wall - Dec 9th 2009
US army engineers have designed the wall, US firms have manufactured its sections, and the US will monitor it.
Egypt installing metal wall to block Gaza Strip
Egypt's plan to build an underground wall along its border with Gaza, first exposed by the Israeli daily Haaretz, is the second of two initiatives backed by the US military, informed sources said.
In recent months, US army engineers have moved forward on a two-phase, multimillion-dollar project to stop the flow of goods and money into the besieged coastal strip.
The first stage of the initiative includes the installation of below-ground, state-of-the-art sensors capable of detecting sound or movement nearby, Ma'an has learned. US experts began the process about one year ago, and it is nearing completion.
The sensors are about the size of a human fist, planted below Rafah with cables running inside pipes 15 meters deep along the borderline. Each sensor is linked to an electronic panel and a computer screen, which documents below-ground activity. Whenever movement or sound is detected nearby, the sensors send details about the location and dimensions of its source to a special security system.
Four US military engineers are responsible for monitoring these sensors and analyzing activity to differentiate between new digging or everyday goods smuggling. In all cases, US forces have kept the Israeli side informed about any detected movement, despite that the entire operation is conducted on Egyptian soil.
Israel and Egypt have maintained a debilitating blockade on Gaza since Hamas took over in 2007, preventing all but a trickle of imports and exports, and banning the coastal enclave's 1.5 million residents from traveling. Palestinians have resorted to building a vast network of underground smuggling tunnels, providing Gazans with a variety of banned commercial goods.
American assistance has been instrumental in Egypt's management of the siege. Egyptian security sources say authorities are aware of nearly 1,300 underground tunnels, of which 450 were taken over this year.
Phase two:
But Cairo is hesitant about the second stage of the project, the installation of a steel wall underneath the borderline that Haaretz revealed earlier this week. This phase, which gained traction six months ago, is unpopular among Egyptian officials who feel pressured to go along with what they consider a purely American-Israeli initiative.
US officials have confirmed some involvement in the first stage, but deny that a second phase even exists.
The steel wall and sensors were being installed along 10-11 kilometers of the 13-km border; three km were excluded because the soil is so soft along this stretch that it naturally prevents the maintenance of stable tunnels. The exclusion zones are referred to by officials in Rafah as International Marker No. 1 and No. 3, both of which are near the beach.
All these plates and sensors were manufactured in the United States. Six months ago, freighters delivered the plates to a port on Egypt's Mediterranean coast, where they were loaded onto military trucks and transported to Rafah under a shroud of secrecy.
The panels, which sources say were transferred through Sheikh Zweid city, measure 18 meters by 50 centimeters and are about five centimeters thick. They were designed to snap into place parallel to one another, arranged side by side to increase the underground border wall's horizontal length and effectiveness against the smugglers, who occasionally use explosives when digging.
Egyptian authorities have installed a network of these plates on two sites along the border; one is located about four km north of the port, and another about 500 meters south of the Rafah terminal. Security forces have lowered them into the ground under the guise of performing routine maintenance work. They have also employed ordinary equipment, such as machinery for digging water wells, as not to arouse suspicions. As of press time, however, portions of the steel panels remained exposed above ground.
Egypt has officially denied any involvement, but Ma'an learned that the state confiscated or purchased private land along the border to implement the plan. Most of this land was owned by farmers, who separately accepted above-market compensation from buyers actually representing Cairo. Hundreds of trees have been uprooted over the past few months as authorities construct the underground system.
Egypt fails to block Gaza tunnels
UK Jewish MP: Israel acting like Nazis in Gaza
'Obama Deceives the Public'
Israel "A lunatic state"
The most repulsive event of 2010 so far
The events over the past week have been nothing less than disgusting. Pales in comparison to Israeli massacres in Gaza last year, but no less morally repugnant. It shows the IDF, the Israeli and US governments have no respect for human life.
There is no question the IDF and Israeli government got the green light from the US before they boarded the ships and no question the US government got advance notice of exactly how it would be carried out (re-confirmed by Micheal Oren, FoxNews Sunday June 6 2010). They knew what they were doing, they knew what the risks of a commando raid in the dead of night were, and likely knew IDF commandos would execute people on board. Its disgusting.
The IDF even printed stage by stage details of what they were going to do in an Israeli newspaper three days in advance on May29th. "If the ships will not answer the officers' call to turn around, the operation will continue by force...We have very good reason to suspect an act of terrorism from the boats...It is impossible to know at this stage whether terrorists boarded the ship or whether there is intent to use live ammunition against our forces. Therefore we will act with full seriousness and caution."
Norman Finkelstein comments and analysis on the weeks events are dead on, accurate and damming.
On Crosstalk this week he destroys Israeli spokesman arguments
This is one of the best interviews with Finkelstein a couple of years ago where again he speaks the truth and eloquently explains joint US-Israeli policy in the middle east.
Irish Citizen beaten by IDF
The events over the past week have been nothing less than disgusting. Pales in comparison to Israeli massacres in Gaza last year, but no less morally repugnant. It shows the IDF, the Israeli and US governments have no respect for human life.
There is no question the IDF and Israeli government got the green light from the US before they boarded the ships and no question the US government got advance notice of exactly how it would be carried out (re-confirmed by Micheal Oren, FoxNews Sunday June 6 2010). They knew what they were doing, they knew what the risks of a commando raid in the dead of night were, and likely knew IDF commandos would execute people on board. Its disgusting.
The IDF even printed stage by stage details of what they were going to do in an Israeli newspaper three days in advance on May29th. "If the ships will not answer the officers' call to turn around, the operation will continue by force...We have very good reason to suspect an act of terrorism from the boats...It is impossible to know at this stage whether terrorists boarded the ship or whether there is intent to use live ammunition against our forces. Therefore we will act with full seriousness and caution."
Norman Finkelstein comments and analysis on the weeks events are dead on, accurate and damming.
On Crosstalk this week he destroys Israeli spokesman arguments
This is one of the best interviews with Finkelstein a couple of years ago where again he speaks the truth and eloquently explains joint US-Israeli policy in the middle east.
Irish Citizen beaten by IDF
Turkish survivors recount terror on Gaza aid ship
Betty Larudee: 'Israelis beat my husband'
Flotilla survivors describe 'bloodbath'
Autopsy shows Gaza activists were hit 30 times
Nine Turkish activists killed in an Israeli raid on a Gaza-bound aid ship were shot a total of 30 times and five died of gunshot wounds to the head...A 19-year-old, named as Fulkan Dogan, who also has U.S. citizenship, was shot five times from less than 45 cm (18 inches) away, in the face, the back of the head, twice in the leg and once in the back
Israel killed more than 9, threw wounded into sea, witnesses say
Sarah Colborne gives eyewitness account
9 dead...many more missing
Robert Fisk: Western leaders are too cowardly to help save lives
‘Mad dog’ diplomacy - A cornered Israel is baring its teeth
"Moshe Dayan, Israel’s most celebrated general, famously outlined the strategy he believed would keep Israel’s enemies at bay: 'Israel must be a like a mad dog, too dangerous to bother'...the Israeli commando attack on Monday on the Gaza-bound flotilla, in which nine activists have so far been confirmed killed and dozens were wounded as they tried to break Israel’s blockade of the enclave, proves beyond doubt that this is now a diplomatic strategy too."
Israel's ambassador to the United States, Michael Oren - In an interview with Fox News, he described the operation, in which nine people died, as "perfectly legal, perfectly humane – and very responsible".
Gaza occupation and siege are illegal
The Gaza Blockade Is Illegal and the Flotilla Attack Was an Illegal Act of War
VA - Job Board Links
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US - Credit report
Job Bank
Answers to the 7 Toughest Interview Questions
Entry Level Trades Training Course
BestBuy
Monster
FoodSafe
Service Canada Centre Surrey - Local Employment Services
JobBank
Vancouver Help Wanted
BCJobs
Workopolis
BCJobscom
Workfutures
BC Guide to Economy and Employment
BC Stats Regional Employment Projection Model
The DaVinci Cover Letter
New Resume Rules: What's In and What's Out
Paladin Security
BestBuy
FutureShop
BC Housing
FraserHealth
Douglas College
How to Become a Plumber in British Columbia
ITA Trainer List
Kwantlen
Entry Level Trades Training Course
BCHydro
SprottShaw
WorkingJobs
Universities, Colleges & Trade Schools Directory
Vancouver Real Estate Update
Some interesting main street news updates about Van Real Estate.
Shine comes off housing boom
B.C. real estate prices set to dip, report says
Shine comes off housing boom
B.C. real estate prices set to dip, report says
Fraser Valley real estate flattens out
In Vancouver, ‘affordable’ housing means $1,600 a month
Saturday, March 27, 2010
depressing
I always get depressed this time of year...tax time...
I hate taxes, I hate filing with a passion. I think its immoral unethical, criminal fraud.
Is there anything I can do about it, no.
Contributions to CPP (SS) perpetuate ponzi...."lockbox SS" what a fraud with bank inflation.
It is, quite literally, too overwhelming to comprehend.
What is the solution? There isn't one. Start over. This is a corrupt intransigent mess. There is no solution.
Look out for yourself and get as much as you can. I wish I had realized what was going on two years ago. I have lost a lot the last couple of years. Over a million at least. Do I care, yes. What am I going to do to about it? I don't know,.
The whole system is a fraud,. fraudulent ponzi and I hate it. Paying taxes to corrupt governments is immoral. Any government that allocates $375 to persons with disabilities for living allowance is corrupt.
No foreign bank accounts? What in the world is going on?
I hate taxes, I hate filing with a passion. I think its immoral unethical, criminal fraud.
Is there anything I can do about it, no.
Contributions to CPP (SS) perpetuate ponzi...."lockbox SS" what a fraud with bank inflation.
It is, quite literally, too overwhelming to comprehend.
What is the solution? There isn't one. Start over. This is a corrupt intransigent mess. There is no solution.
Look out for yourself and get as much as you can. I wish I had realized what was going on two years ago. I have lost a lot the last couple of years. Over a million at least. Do I care, yes. What am I going to do to about it? I don't know,.
The whole system is a fraud,. fraudulent ponzi and I hate it. Paying taxes to corrupt governments is immoral. Any government that allocates $375 to persons with disabilities for living allowance is corrupt.
No foreign bank accounts? What in the world is going on?
Friday, March 26, 2010
Health Care Bill in US
Very disturbing article by Jane Hamsher of FireDogLake.com whom I respect and speaks her mind forcefully and truthfully.
Fact Sheet: The Truth About the Health Care Bill
Also this vid from Stefan about health care is equally disturbing
Fact Sheet: The Truth About the Health Care Bill
Also this vid from Stefan about health care is equally disturbing
Tuesday, March 23, 2010
deleveraging etc
SocGen: There Is No Way Out Of This Mess But Continued Massive Deleveraging
New Consumer Data Suggests a Double Dip is On the Way
THE UNSTOPPABLE MARKET
New Invention Using Spent Nuclear Fuel Rods Could Unlock U.S. Oil Reserves Three Times Larger Than Saudi Arabia's
Cramer’s 5 Obama-Proof Dividend Plays
Florida Set To Change The Rules Of Its Retirement System As Prelude To Eventual Social Security Endgame
U.S. states may be the next dominoes to topple
The Elusive Canadian Housing Bubble
Scotiabank Forum Discusses the Year Ahead for the Canadian Real Estate Market
"It is time for Canadians to reset their housing market expectations. We expect 2010 will mark a transition year as the boom of the 'aughts' gives way to a sustained period of more subdued housing activity over the coming decade"
Full Report
It's time to pay our debt, not go further into it.
...although we've enjoyed a pretty good run in the housing market over the past 30 years or so, there's no guarantee home-ownership will pay off as handsomely for the next generation entering the market today. Recent experience in the U.S. and Europe, especially Ireland, tells us the forces of gravity are as potent in the residential real-estate market as they are in the physical world: House prices do go down...In these uncertain times, leverage is out and deleveraging is in.
New Consumer Data Suggests a Double Dip is On the Way
THE UNSTOPPABLE MARKET
New Invention Using Spent Nuclear Fuel Rods Could Unlock U.S. Oil Reserves Three Times Larger Than Saudi Arabia's
Cramer’s 5 Obama-Proof Dividend Plays
Florida Set To Change The Rules Of Its Retirement System As Prelude To Eventual Social Security Endgame
U.S. states may be the next dominoes to topple
The Elusive Canadian Housing Bubble
Scotiabank Forum Discusses the Year Ahead for the Canadian Real Estate Market
"It is time for Canadians to reset their housing market expectations. We expect 2010 will mark a transition year as the boom of the 'aughts' gives way to a sustained period of more subdued housing activity over the coming decade"
Full Report
It's time to pay our debt, not go further into it.
...although we've enjoyed a pretty good run in the housing market over the past 30 years or so, there's no guarantee home-ownership will pay off as handsomely for the next generation entering the market today. Recent experience in the U.S. and Europe, especially Ireland, tells us the forces of gravity are as potent in the residential real-estate market as they are in the physical world: House prices do go down...In these uncertain times, leverage is out and deleveraging is in.
Sunday, March 21, 2010
wow
GREECE is cracking down on major cash transactions
A new draft bill to be tabled in parliament...outlaws all business transactions of more than 1500 euros ($2220) conducted in cash
IRS to Track Online Sellers' Payment Transactions Beginning Next Year
Post-Apocalyptic zombie finance
...the most aggressive buyers of US government debt during the past several months have been global banks domiciled in London and the Cayman Islands. They borrow at 20 basis points (a fifth of a percentage point) and buy Treasury securities paying 1% to 3%, depending on maturity. This is the famous "carry trade", by which banks or hedge funds borrow short-term at a very low rate and lend medium- or long-term at a higher rate. This works as long as short-tem rates remain extremely low. The moment that borrowing costs begin to rise, the trillion-dollar carry trade in US government securities will collapse...Where are the banks getting the money to lend to the US government? From the US government itself...The monetary base is growing at a 40% annual rate. Under normal circumstances, this would lead to double-digit inflation. As long as banks reduce lending to the private sector, and buy government securities that replace lost tax revenues, the result is a so-called liquidity trap...This sort of zombie equilibrium persisted for two decades in Japan's moribund economy; in theory, the US Treasury and the financial system could keep it going indefinitely.
A new draft bill to be tabled in parliament...outlaws all business transactions of more than 1500 euros ($2220) conducted in cash
IRS to Track Online Sellers' Payment Transactions Beginning Next Year
Post-Apocalyptic zombie finance
...the most aggressive buyers of US government debt during the past several months have been global banks domiciled in London and the Cayman Islands. They borrow at 20 basis points (a fifth of a percentage point) and buy Treasury securities paying 1% to 3%, depending on maturity. This is the famous "carry trade", by which banks or hedge funds borrow short-term at a very low rate and lend medium- or long-term at a higher rate. This works as long as short-tem rates remain extremely low. The moment that borrowing costs begin to rise, the trillion-dollar carry trade in US government securities will collapse...Where are the banks getting the money to lend to the US government? From the US government itself...The monetary base is growing at a 40% annual rate. Under normal circumstances, this would lead to double-digit inflation. As long as banks reduce lending to the private sector, and buy government securities that replace lost tax revenues, the result is a so-called liquidity trap...This sort of zombie equilibrium persisted for two decades in Japan's moribund economy; in theory, the US Treasury and the financial system could keep it going indefinitely.
Nathan and Karl
Nathan Martin has posted an article well worth reading and Karl Denninger has followed up on it as has Business Insider.
In the article titled "THE Most Important Chart of the CENTURY" Nathan has this chart:
And here is what it looked like in 2008
I wasn't sure how he produced this chart and only seeing it from one source was skeptical. However Karl Denninger has put up a post today with the same chart so it must be accurate.
We still have time to choose between bad and horrifically awful. We can choose between recognizing the Depression we are already in (private GDP has contracted by more than 10% from the peak, which is the definition of economic Depression) or we can risk Zombieland or Mad Max becoming reality. - KD
In the article titled "THE Most Important Chart of the CENTURY" Nathan has this chart:
And here is what it looked like in 2008
I wasn't sure how he produced this chart and only seeing it from one source was skeptical. However Karl Denninger has put up a post today with the same chart so it must be accurate.
We still have time to choose between bad and horrifically awful. We can choose between recognizing the Depression we are already in (private GDP has contracted by more than 10% from the peak, which is the definition of economic Depression) or we can risk Zombieland or Mad Max becoming reality. - KD
Health Issue Links
How does lung cancer form from smoking cigarettes?
Smoking Statistics - Tobacco Use and How it Affects Us
What is COPD?
Why You Don't Want Emphysema
Smoking and Cancer - Statistics for the U.S.
Esophageal cancer
After You Quit Smoking
The Dangers of Cigar Smoking
Cough
Lung cancer
Cancer fatigue: Why it occurs and how to cope
Urgent Care Centre at False Creek Healthcare Centre
MRI Scans and Rates
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Taking care of your teeth
What Is Gum Disease?
Green Tea and Periodontal Disease
What Is Gum Disease?
Gum Disease - Topic Overview
Jobs city of Surrey
CRA Jobs
Gov Jobs
Smoking Statistics - Tobacco Use and How it Affects Us
What is COPD?
Why You Don't Want Emphysema
Smoking and Cancer - Statistics for the U.S.
Esophageal cancer
After You Quit Smoking
The Dangers of Cigar Smoking
Cough
Lung cancer
Cancer fatigue: Why it occurs and how to cope
Urgent Care Centre at False Creek Healthcare Centre
MRI Scans and Rates
AIM Medical Imaging
Vancouver Multi-Dental Care Clinic
Periodontists
Taking care of your teeth
What Is Gum Disease?
Green Tea and Periodontal Disease
What Is Gum Disease?
Gum Disease - Topic Overview
Jobs city of Surrey
CRA Jobs
Gov Jobs
Links I want to save
Zimbabwe for hyperventilators 101
What the PBoC cannot do with its reserves
REFLECTIONS ON GOLD AS AN ASSET CLASS
THE TAYLOR RULE SAYS THE FED IS BEHIND THE CURVE AGAIN…
Darius Guppy: our world balances on a sea of debt
Economists: Another Financial Crisis on the Way
Secret of Oz
THE Most Important Chart of the CENTURY
The Impossible Math of Debt Backed Money… and why we WILL take an Evolutionary Step Forward!
The Elusive Canadian Housing Bubble
Jarislowsky ‘Convinced’ Canada Has Housing Bubble
Some See a Real Estate Bubble Forming in Canada
Armstrong Economics: Entering Phase II of The Debt Crisis
Economic Reality Check
Mortgage Principal Writedown Won't Save Housing
Dick Bove: Home Prices Will Double-Dip
Housing Prices: More Room to Fall?
Curtain of Tragedy Will Be Raised Soon Enough, But Perhaps Not Next in Japan
David Rosenberg: Get Ready For The FHA To Go Completely Bust And The Housing Market To Take The Hit
Sorry Folks, The FHA Is Still Going To Melt Down
The FHA Is Being Run Like A Ponzi Scheme That Will Surely Implode
The Entire World Is Zombie Japan Now, And If Any Central Bank Tightens We're Doomed
Moody's fears social unrest as AAA states implement austerity plans
Christopher Thornberg: Double Dip Is Coming in 2011
Empires on the Edge of Chaos
FABER: CHINESE ECONOMY WILL SLOW, BUT WON’T CRASH
Why April Will Be A Huge Test For The PIIGS
Christopher Thornburg's Awesome Presentation: Why This Bounce Is Fake, And Why We're Double-Dipping In 2011
What the PBoC cannot do with its reserves
REFLECTIONS ON GOLD AS AN ASSET CLASS
THE TAYLOR RULE SAYS THE FED IS BEHIND THE CURVE AGAIN…
Darius Guppy: our world balances on a sea of debt
Economists: Another Financial Crisis on the Way
Secret of Oz
THE Most Important Chart of the CENTURY
The Impossible Math of Debt Backed Money… and why we WILL take an Evolutionary Step Forward!
The Elusive Canadian Housing Bubble
Jarislowsky ‘Convinced’ Canada Has Housing Bubble
Some See a Real Estate Bubble Forming in Canada
Armstrong Economics: Entering Phase II of The Debt Crisis
Economic Reality Check
Mortgage Principal Writedown Won't Save Housing
Dick Bove: Home Prices Will Double-Dip
Housing Prices: More Room to Fall?
Curtain of Tragedy Will Be Raised Soon Enough, But Perhaps Not Next in Japan
David Rosenberg: Get Ready For The FHA To Go Completely Bust And The Housing Market To Take The Hit
Sorry Folks, The FHA Is Still Going To Melt Down
The FHA Is Being Run Like A Ponzi Scheme That Will Surely Implode
The Entire World Is Zombie Japan Now, And If Any Central Bank Tightens We're Doomed
Moody's fears social unrest as AAA states implement austerity plans
Christopher Thornberg: Double Dip Is Coming in 2011
Empires on the Edge of Chaos
FABER: CHINESE ECONOMY WILL SLOW, BUT WON’T CRASH
Why April Will Be A Huge Test For The PIIGS
Christopher Thornburg's Awesome Presentation: Why This Bounce Is Fake, And Why We're Double-Dipping In 2011
Saturday, March 20, 2010
Stefbot
Another great video from Stefbot. Yet again he speaks with clarity and common sense. I feel like such a fool. Feels like the last year and a half of my life was very expensive waste. I made some very poor, actually terrible, personal and financial decisions based purely on emotion and now have to live with those rash choices.
Oh well, going to have to get over it and move on. I take comfort in the fact that at least now I feel like I have much better idea of what is going on and why. I am much more informed than I was eighteen months ago and I hope will not repeat my mistakes of the past. My idealism is gone, the number of sources of getting accurate information has been drastically reduced. Stefbot is one of them.
He makes a compelling case in his latest video, here are some excerpts:
Government does not solve problems
Government prevents the solution of problems.
The reason the welfare state was created was because the
problem of poverty was being solved and if the problem
of poverty is solved government power diminishes.
If there are virtually no poor people you must have a
smaller government because there will be much less crime...[etc]
Government moves in to prevent the solutions to problems
because if there are no problems we don't need a government.
Government is funded by problems. Every time a problem is
about to solved, government moves in and kills the solution.
Oh well, going to have to get over it and move on. I take comfort in the fact that at least now I feel like I have much better idea of what is going on and why. I am much more informed than I was eighteen months ago and I hope will not repeat my mistakes of the past. My idealism is gone, the number of sources of getting accurate information has been drastically reduced. Stefbot is one of them.
He makes a compelling case in his latest video, here are some excerpts:
Government does not solve problems
Government prevents the solution of problems.
The reason the welfare state was created was because the
problem of poverty was being solved and if the problem
of poverty is solved government power diminishes.
If there are virtually no poor people you must have a
smaller government because there will be much less crime...[etc]
Government moves in to prevent the solutions to problems
because if there are no problems we don't need a government.
Government is funded by problems. Every time a problem is
about to solved, government moves in and kills the solution.
Friday, March 19, 2010
50 - 100 - 500 years
Well, been thinking about this for a few weeks now and have resolved what is going on in my mind unfortunately. I wrote a piece a while ago responding to Modern Mystic question a) fast b) slow. At the time I thought, fantasized, would be a) fast. Its going to be b) slow. Very slow.
Part of my fantasy was that the elite were intending to implement a new better system, one that works for everybody, or would in the long run. A different path, a sustainable future, zeitgeist, Transfinancial Economics etc.
Well I no longer believe that.
It is all corrupt, corrupt, corrupt. Corrupt and evil. Those in power are the worst of the worst. Even Obama. I still can't believe they went to all this effort to perpetuate the fraud and corruption, but they have. I mean why bother. Global warming/Climate change is a fraud. What was the "Swine Flu Pandemic" for? More money to drug companies? That beggars belief. The "Swine Flu Pandemic" was an orchestrated event. Google discovered it? Give me a break. What was it all for? I don't know.
I liked to dream intent was to prepare the public for a radical shift imposed from the top down. I don't think so anymore. Now I think the bailouts, corruption etc is all to great and they will continue it as long as they can. This piece about Hannity and tax returns from the "Freedom Alliance" are nothing less than revolting. Or this, New York intends to close all its homeless shelters according to Russia Today.
In other words there will be no top down revolution. If a revolution occurs it will be from the bottom up and that is 50-100-500 years away.
So much for getting my hopes up. Bummer
Part of my fantasy was that the elite were intending to implement a new better system, one that works for everybody, or would in the long run. A different path, a sustainable future, zeitgeist, Transfinancial Economics etc.
Well I no longer believe that.
It is all corrupt, corrupt, corrupt. Corrupt and evil. Those in power are the worst of the worst. Even Obama. I still can't believe they went to all this effort to perpetuate the fraud and corruption, but they have. I mean why bother. Global warming/Climate change is a fraud. What was the "Swine Flu Pandemic" for? More money to drug companies? That beggars belief. The "Swine Flu Pandemic" was an orchestrated event. Google discovered it? Give me a break. What was it all for? I don't know.
I liked to dream intent was to prepare the public for a radical shift imposed from the top down. I don't think so anymore. Now I think the bailouts, corruption etc is all to great and they will continue it as long as they can. This piece about Hannity and tax returns from the "Freedom Alliance" are nothing less than revolting. Or this, New York intends to close all its homeless shelters according to Russia Today.
In other words there will be no top down revolution. If a revolution occurs it will be from the bottom up and that is 50-100-500 years away.
So much for getting my hopes up. Bummer
Thursday, March 18, 2010
"greatest organized fraud on the working masses in the history of world."
To Beggar The Working Masses...
Quite simply, devaluation of currencies is the root cause of all the financial problems in the world today. All countries are forced to devalue their currency because of the G8. It's done by printing up more and more paper currency and issuing more and more fiat bogus bank credit each year. The sheer volume of paper currency and fiat bank credit has steadily increased year after year for decades. It's like a big tank of milk that's been watered down again and again, so that today it has almost no "nutritional" value (purchasing power). Each time you have to have more and more of this "milk" to get the same "nutrition" (purchasing power) as you did before. The real purpose of the big G8 and G20 summits is so the conniving leaders of the various world gov'ts can devalue their respective currencies in lockstep so the general public will not catch on to how vast the devaluation and ruin of their purchasing power really is. This is why the meetings are secret. It's all done to keep the bums running the gov'ts of the world rolling in dough. It is the greatest organized fraud on the working masses in the history of world.
U.S. economy is a shambles, with no improvement in sight
President Obama's claim that a second depression isn't possible doesn't square with the relevant numbers
Germany’s central bank – the Deutsche Bundesbank (German for German Federal Bank) – has admitted in writing that banks create credit out of thin air.
Reserve Requirements and Money Creation
Banks Create Credit Out of Thin Air
Quite simply, devaluation of currencies is the root cause of all the financial problems in the world today. All countries are forced to devalue their currency because of the G8. It's done by printing up more and more paper currency and issuing more and more fiat bogus bank credit each year. The sheer volume of paper currency and fiat bank credit has steadily increased year after year for decades. It's like a big tank of milk that's been watered down again and again, so that today it has almost no "nutritional" value (purchasing power). Each time you have to have more and more of this "milk" to get the same "nutrition" (purchasing power) as you did before. The real purpose of the big G8 and G20 summits is so the conniving leaders of the various world gov'ts can devalue their respective currencies in lockstep so the general public will not catch on to how vast the devaluation and ruin of their purchasing power really is. This is why the meetings are secret. It's all done to keep the bums running the gov'ts of the world rolling in dough. It is the greatest organized fraud on the working masses in the history of world.
U.S. economy is a shambles, with no improvement in sight
President Obama's claim that a second depression isn't possible doesn't square with the relevant numbers
Germany’s central bank – the Deutsche Bundesbank (German for German Federal Bank) – has admitted in writing that banks create credit out of thin air.
Reserve Requirements and Money Creation
Banks Create Credit Out of Thin Air
Saturday, March 13, 2010
Some interesting and some sad articles
Economy Kept On Life Support While Global Governance Is Organized
20 Signs That The United States Is Rapidly Becoming A Totalitarian Big Brother Police State
SS Trust Fund 1st Q 2010 Results - Still Slipping
Social Security to start cashing Uncle Sam's IOUs
Why the U.S. can't inflate its way out of debt
Why the property bubble is about to burst
Housing Prices: More Room to Fall?
Whitney: The housing market surely will double dip
How a New Jobless Era Will Transform America
Moody's fears social unrest as AAA states implement austerity plans
Canadian Credit Bubble In Pictures
"Think there is no credit bubble in Canada? Think again."
Budget delivers cuts not jobs
Debt deflation danger
Disabled again on BC Liberals' Hit List
PROVINCE PROTECTS SERVICES FOR LOW-INCOME CLIENTS (Farcical)
In Tight Times, Campbell Gov't Chooses to Help Big Banks
Campbell's HST Illusion
Senior Bush Administration Officials Warned the 9/11 Commission that Asking to Speak with Guantanamo Detainees was a 'Line' it 'Should Not Cross'
20 Signs That The United States Is Rapidly Becoming A Totalitarian Big Brother Police State
SS Trust Fund 1st Q 2010 Results - Still Slipping
Social Security to start cashing Uncle Sam's IOUs
Why the U.S. can't inflate its way out of debt
Why the property bubble is about to burst
Housing Prices: More Room to Fall?
Whitney: The housing market surely will double dip
How a New Jobless Era Will Transform America
Moody's fears social unrest as AAA states implement austerity plans
Canadian Credit Bubble In Pictures
"Think there is no credit bubble in Canada? Think again."
Budget delivers cuts not jobs
Debt deflation danger
Disabled again on BC Liberals' Hit List
PROVINCE PROTECTS SERVICES FOR LOW-INCOME CLIENTS (Farcical)
In Tight Times, Campbell Gov't Chooses to Help Big Banks
Campbell's HST Illusion
Senior Bush Administration Officials Warned the 9/11 Commission that Asking to Speak with Guantanamo Detainees was a 'Line' it 'Should Not Cross'
Tuesday, March 9, 2010
Monday, March 8, 2010
Basicland
Basically, It's Over
A parable about how one nation came to financial ruin.
Sunday, Feb. 21, 2010
Why buying a house is a bad investment
Canadian Business magazine, March 15, 2010
Thursday, February 4, 2010
Disturbing headlines
Rash of retirements pushes Social Security to brink
Next in line for a bailout: Social Security
...first time in 25 years, Social Security is taking in less in taxes than it is spending on benefits
Biderman: I Think The Government Is Buying Up The Stock Market, Though I Have No Evidence
Sorry Folks, The FHA Is Still Going To Melt Down
Get Ready To Bail Out The FHA
U.S. May Lose 824,000 Jobs as Employment Data Revised
California Deadbeats Ditch Their Mortgage, And Save Their Cash For Their Credit Card Bills
Cash Strapped Cities Begin To Crumble
Obama's Deficit Will Cause An International Currency Crisis In The Next Two years
China or the U.S.: Which Will Be the Last Nation Standing?
Next in line for a bailout: Social Security
...first time in 25 years, Social Security is taking in less in taxes than it is spending on benefits
Biderman: I Think The Government Is Buying Up The Stock Market, Though I Have No Evidence
Sorry Folks, The FHA Is Still Going To Melt Down
Get Ready To Bail Out The FHA
U.S. May Lose 824,000 Jobs as Employment Data Revised
California Deadbeats Ditch Their Mortgage, And Save Their Cash For Their Credit Card Bills
Cash Strapped Cities Begin To Crumble
Obama's Deficit Will Cause An International Currency Crisis In The Next Two years
China or the U.S.: Which Will Be the Last Nation Standing?
Monday, February 1, 2010
Friday, January 29, 2010
Who is Obama?
Cornel West is absolutely right. From a policy standpoint, Obama is simply the newest CEO of the United Corporate States of America.
Everything Cornel says about Obama is true, $23.7 Trillion in bailouts for public-private corporations are perfectly acceptable, but doing anything for poor and working people is communism. Something seriously out of whack here.
"Obama made it clear, that when he moved into the white house...he was going to reassure the establishment, and thats exactly what he's been doing"
"Obama formed certain habits when he campaigned, and one of those habits was to neutralize white fears and anxiety, as he capitalized on black solidarity ."
"..get yourself together, pull yourself up by your own bootstraps, personal responsibility, oh you didn't say that when the investment bankers were in trouble did ya, they never pulled themselves up by their own bootstrap. They got $787 billion dollars. Can you imagine giving $787 billion dollars to poor people."
The problem, I personally have, is this speech Obama gave on November 29th 2007at the Apollo Theatre. If it is all meaningless mumbo jumbo, its pretty effective. Thinking Obama didn't know what actual governing would be like is nonsense. Thinking he was playing up to the crowd is emotionally and rationally logical. The problem is, why pretend to be someone you are not? Why go this far? Say anything to get votes and get elected? Logically yes, emotionally no.
It doesn't make a lot of sense. Other than Obama is a complete fraud and charlatan.
My slim hope is that Adam Kokesh is right. Obama is creating a "teachable moment" and the american people are waking up.
Everything Cornel says about Obama is true, $23.7 Trillion in bailouts for public-private corporations are perfectly acceptable, but doing anything for poor and working people is communism. Something seriously out of whack here.
"Obama made it clear, that when he moved into the white house...he was going to reassure the establishment, and thats exactly what he's been doing"
"Obama formed certain habits when he campaigned, and one of those habits was to neutralize white fears and anxiety, as he capitalized on black solidarity ."
"..get yourself together, pull yourself up by your own bootstraps, personal responsibility, oh you didn't say that when the investment bankers were in trouble did ya, they never pulled themselves up by their own bootstrap. They got $787 billion dollars. Can you imagine giving $787 billion dollars to poor people."
The problem, I personally have, is this speech Obama gave on November 29th 2007at the Apollo Theatre. If it is all meaningless mumbo jumbo, its pretty effective. Thinking Obama didn't know what actual governing would be like is nonsense. Thinking he was playing up to the crowd is emotionally and rationally logical. The problem is, why pretend to be someone you are not? Why go this far? Say anything to get votes and get elected? Logically yes, emotionally no.
It doesn't make a lot of sense. Other than Obama is a complete fraud and charlatan.
My slim hope is that Adam Kokesh is right. Obama is creating a "teachable moment" and the american people are waking up.
Thursday, January 28, 2010
Monday, January 25, 2010
One of The most informative and enlighting post I have ever read
I have been trying to figure out what is going on since Oct 31 2008 6:00PM EST. That was the time and day I discovered that B.H.Obama was pre-ordained to be the next president of the United States from watching CNN and rest of MSM.
Since then, Oct 31st 2008, I have been trying to figure out what the hell is going on.
I still don't know.
I know a lot more, but I still don't know what is going on or why.
What I do know is B.H.Obama has made the economy a lot worse.
Obama along with Brown in UK, Harper in Canada and all the other G20 leaders have made it worse. Why I don't know. What the objective is I don't know. Where this is all going I don't know.
I do know my conception of government and corporations has been turned upside down. Since discovering Walter Burien yesterday, Jan 24th 2010, I no longer think corporations are evil entities aided by complicit governments. Rather corporations are evil government entities intent on looting, pillaging, raping, destroying people and the environment. Corporate-government entities are hell bent on extracting everything from everyone and the earth for maximum return.
I used to think that corporations and banks were evil corrupt empires aided by governments. The reality is corporations are used by governments to carry out evil.
The article below is one of the worst and most horrifying things I have read in the year or so I have been looking into this
http://realitybloger.wordpress.com/2010/01/09/the-biggest-game-in-town-walter-burien-and-comprehensive-annual-financial-reports/
Since then, Oct 31st 2008, I have been trying to figure out what the hell is going on.
I still don't know.
I know a lot more, but I still don't know what is going on or why.
What I do know is B.H.Obama has made the economy a lot worse.
Obama along with Brown in UK, Harper in Canada and all the other G20 leaders have made it worse. Why I don't know. What the objective is I don't know. Where this is all going I don't know.
I do know my conception of government and corporations has been turned upside down. Since discovering Walter Burien yesterday, Jan 24th 2010, I no longer think corporations are evil entities aided by complicit governments. Rather corporations are evil government entities intent on looting, pillaging, raping, destroying people and the environment. Corporate-government entities are hell bent on extracting everything from everyone and the earth for maximum return.
I used to think that corporations and banks were evil corrupt empires aided by governments. The reality is corporations are used by governments to carry out evil.
The article below is one of the worst and most horrifying things I have read in the year or so I have been looking into this
http://realitybloger.wordpress.com/2010/01/09/the-biggest-game-in-town-walter-burien-and-comprehensive-annual-financial-reports/
Sunday, January 24, 2010
Walter Burien
Just when you think it can't get any worse you discover someone like Walter Burien.
Just when I think I have a handle on what is going on, as slowly, over the last year or so, try to put the pieces of the puzzle together, discover it is more horrifying previously imagined. I knew government was corrupt, banks and taxes were evil, but I had no idea it was this corrupt and evil.
From Walter I discovered that municipal, local, state, all levels of government are perpetuating fraud. There is a lot here but essentially government has the assets and income to pay all expenses. It does not need taxation revenue and is fraudulent when it claims to be broke. What he has to say can be supported by examining any Comprehensive Annual Financial Report (CAFR) such as these from California or the 2008 North Carolina CAFR where you can see:
In 2008, NC Total Govt Funds assets were $15.1 billion, liabilities were $9.4 billion ending in a $5.6 billion surplus. page 60
2008 NC Component Units assets were $27.9 billion, liabilities were $11.3 billion ending in a $16.5 billion surplus. page 157
What does this mean? It means California's "deficit" is a FRAUD
It means ALL these stories are FRAUDULENT
Two Dozen States’ Unemployment Funds in the Red, Nine More Within Six Months
State Pension Funds in a $3T Hole
Walter responds to Ed Jacobs discussion with Beth Jacobs NC State Auditor above
What they are doing is using the publics funds to bailout their own investments, government investments, that the public never even knew existed in the first place - Walter Burien
Just when I think I have a handle on what is going on, as slowly, over the last year or so, try to put the pieces of the puzzle together, discover it is more horrifying previously imagined. I knew government was corrupt, banks and taxes were evil, but I had no idea it was this corrupt and evil.
From Walter I discovered that municipal, local, state, all levels of government are perpetuating fraud. There is a lot here but essentially government has the assets and income to pay all expenses. It does not need taxation revenue and is fraudulent when it claims to be broke. What he has to say can be supported by examining any Comprehensive Annual Financial Report (CAFR) such as these from California or the 2008 North Carolina CAFR where you can see:
In 2008, NC Total Govt Funds assets were $15.1 billion, liabilities were $9.4 billion ending in a $5.6 billion surplus. page 60
2008 NC Component Units assets were $27.9 billion, liabilities were $11.3 billion ending in a $16.5 billion surplus. page 157
What does this mean? It means California's "deficit" is a FRAUD
It means ALL these stories are FRAUDULENT
Two Dozen States’ Unemployment Funds in the Red, Nine More Within Six Months
State Pension Funds in a $3T Hole
Walter responds to Ed Jacobs discussion with Beth Jacobs NC State Auditor above
What they are doing is using the publics funds to bailout their own investments, government investments, that the public never even knew existed in the first place - Walter Burien
Saturday, January 23, 2010
They Still Don’t Get It
They Still Don’t Get It
By BOB HERBERT
Published: January 22, 2010
How loud do the alarms have to get? There is an economic emergency in the country with millions upon millions of Americans riddled with fear and anxiety as they struggle with long-term joblessness, home foreclosures, personal bankruptcies and dwindling opportunities for themselves and their children.
Canada is world’s largest sub-prime lender
Wal-Mart cutting 11,200 jobs at Sam’s Club
Unemployment rose in 43 states last month
Unfunded Benefits Dig States’ $3 Trillion Hole Bloomberg
Everyone seems to know the current path of federal fiscal policy is a deathtrap over the long term
Very interesting Discussion - If true, makes you wonder what in the world is going on...where is this heading
what happened to Walter Burien on Wednesday, January 6, 2010 as he spoke with George Noory live on Coast-To-Coast radio
By BOB HERBERT
Published: January 22, 2010
How loud do the alarms have to get? There is an economic emergency in the country with millions upon millions of Americans riddled with fear and anxiety as they struggle with long-term joblessness, home foreclosures, personal bankruptcies and dwindling opportunities for themselves and their children.
Canada is world’s largest sub-prime lender
Wal-Mart cutting 11,200 jobs at Sam’s Club
Unemployment rose in 43 states last month
Unfunded Benefits Dig States’ $3 Trillion Hole Bloomberg
Everyone seems to know the current path of federal fiscal policy is a deathtrap over the long term
Very interesting Discussion - If true, makes you wonder what in the world is going on...where is this heading
what happened to Walter Burien on Wednesday, January 6, 2010 as he spoke with George Noory live on Coast-To-Coast radio
Thursday, January 21, 2010
Start of 2nd leg down ???
Scott Brown's election signals second leg down ?!?!
As I write this, looking like a very real possibility. (Might be overly optimistic)
Scott Garrett, NJ Republican has gone on Bloomberg and PBSNewshour to press message that markets need certainty (he also said that Fannie and Freddie will require more money than TARP). Garrett said markets need to know what the rules are going to be so they can plan accordingly. This theme was also repeated by Timothy Geithner in his interview on PBS. At the moment markets don't know what to make of the recent Obama statement on banking regulation.
Then you have this gem on FoxBusiness and the WSJ where they announce that Bernanke's confirmation by Jan31 may be in trouble because of the "populist" election of Scott Brown.
If Bernanke is not confirmed, this would throw the markets into more turmoil and I think might confirm the 2nd wave down has started. If he is confirmed then we will see what happens next.
"I think if you wanted to send the worst signal to the markets right now in the country and send us in a tailspin, it would be to reject this nomination" Senate Banking Chairman Christopher Dodd
Senate Dems Not Sure They Can Get Enough Votes to Reconfirm Bernanke
Will Fed chief Ben Bernanke be the latest victim of the Scott Brown revolution?
To top it off AlJazeera reports
Less than six months after taking power, Japan's government is grappling with a budget blowout, financial scandals, and falling voter support. Yukio Hatoyama, the prime minister, says he will quit if it is proved that he lied about political donations from his mother. Meanwhile, prosecutors are about to question the second-ranking official in his Democratic Party of Japan over property purchases. Keeping in mind Japan is on its third finance minister in less than a year.
Some interesting articles:
Great analysis of todays trading after Obama announcement
U.S. Retail Credit Card Defaults Hit Near-Record Levels with No Relief in Sight
The President's proposal to rein in the large banks is only a catalyst for a decline that was bound to happen. There are lots of other reasons, both fundamental and technical, why the market has and will continue to sell off.
we expect current U.S. government debt of $15 trillion to double to about $30 trillion and private debt to drop in half to about $20 trillion over the next 4-5 years.
As I write this, looking like a very real possibility. (Might be overly optimistic)
Scott Garrett, NJ Republican has gone on Bloomberg and PBSNewshour to press message that markets need certainty (he also said that Fannie and Freddie will require more money than TARP). Garrett said markets need to know what the rules are going to be so they can plan accordingly. This theme was also repeated by Timothy Geithner in his interview on PBS. At the moment markets don't know what to make of the recent Obama statement on banking regulation.
Then you have this gem on FoxBusiness and the WSJ where they announce that Bernanke's confirmation by Jan31 may be in trouble because of the "populist" election of Scott Brown.
If Bernanke is not confirmed, this would throw the markets into more turmoil and I think might confirm the 2nd wave down has started. If he is confirmed then we will see what happens next.
"I think if you wanted to send the worst signal to the markets right now in the country and send us in a tailspin, it would be to reject this nomination" Senate Banking Chairman Christopher Dodd
Senate Dems Not Sure They Can Get Enough Votes to Reconfirm Bernanke
Will Fed chief Ben Bernanke be the latest victim of the Scott Brown revolution?
To top it off AlJazeera reports
Less than six months after taking power, Japan's government is grappling with a budget blowout, financial scandals, and falling voter support. Yukio Hatoyama, the prime minister, says he will quit if it is proved that he lied about political donations from his mother. Meanwhile, prosecutors are about to question the second-ranking official in his Democratic Party of Japan over property purchases. Keeping in mind Japan is on its third finance minister in less than a year.
Some interesting articles:
Great analysis of todays trading after Obama announcement
U.S. Retail Credit Card Defaults Hit Near-Record Levels with No Relief in Sight
The President's proposal to rein in the large banks is only a catalyst for a decline that was bound to happen. There are lots of other reasons, both fundamental and technical, why the market has and will continue to sell off.
we expect current U.S. government debt of $15 trillion to double to about $30 trillion and private debt to drop in half to about $20 trillion over the next 4-5 years.
Tarp Was Nothing, TLGP Is The Real Deal
Been a fascinating 48 hours
It seems as if ever since Scott Brown won election in MA a whirlwind has started. First of all it is almost inconceivable to me that Brown won on his own merit. That defies logic and is held up by the votes. He got about the same number of votes in MA as John McCain did. I also think that if the DNC had wanted Coakley to win they would have pulled out all the stops to make sure she did win. They could have a top notch team in to run her campaign and they didn't. Its almost as if the DNC did not want to win or didn't care if they won in MA.
Then you have all this stuff about the PIIGS and Japan, the phony deficit commission, the supreme court ruling recognizing the reality of American politics, Obama coming out claiming he wants to reign banks in and world-wide the markets are all down today.
On top of that you have the continuously accelerating destruction of the American economy, eating itself in its never ending hunger for credit.
This chart says it all. A prime example here in BC is Fortress LLC being unable to restructure or get a new loan for Intrawest despite having a year to do so.
The dog is chasing its tail and eating itself in the process. Just like a hungry man eating his own foot and working his way up. There is no end in sight nor anyway to stop it. It is laughable when you hear someone say government just needs to stop spending. Farcical when someone says that China will rescue the world by consuming more. Thats impossible and a total joke.
American financial capitalism is destroying itself and is taking the whole world down with it.
Then you have all this stuff about the PIIGS and Japan, the phony deficit commission, the supreme court ruling recognizing the reality of American politics, Obama coming out claiming he wants to reign banks in and world-wide the markets are all down today.
On top of that you have the continuously accelerating destruction of the American economy, eating itself in its never ending hunger for credit.
This chart says it all. A prime example here in BC is Fortress LLC being unable to restructure or get a new loan for Intrawest despite having a year to do so.
The dog is chasing its tail and eating itself in the process. Just like a hungry man eating his own foot and working his way up. There is no end in sight nor anyway to stop it. It is laughable when you hear someone say government just needs to stop spending. Farcical when someone says that China will rescue the world by consuming more. Thats impossible and a total joke.
American financial capitalism is destroying itself and is taking the whole world down with it.
Great summary by Albertabubble
2008 was the year of the defaults of failing banks -- Bear Stearns, Lehman -- and failures. 2009 was the year of the bailouts of failing banks and car companies. 2010 is shaping up to be the year of failing countries. Each year, the financial damage is worse than the preceding year.
As I've been saying for years, the world is in a deflationary spiral, as the massive real estate and credit bubbles continue to deflate. (Anyone who says we're facing superinflation is an idiot. See Ambrose Evans Pritchard's analysis.)
That means that everyone is "deleveraging," and each month there's less money in the world than there was the month before. As that process continues, there's less and less money to support failing banks, failing car companies, and failing countries. It's only a matter of time before some event triggers a massive worldwide panic. The timing can't be predicted, but the result is 100% certain. Deleveraging = Deflation
...
Things you need will inflate, those you don't will deflate, in a huge way.
http://albertabubbleblog.blogspot.com/2010/01/inflation-scaremongers.html
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