President Obama spoke in Estonia saying that its freedom is as important as Paris or London, referring to WWII. He would bring the US to war to maintain it. This is playing with the fire of war and world destruction.
Putin says that back in time during the Cuban Missile Crisis, the US put forth a doctrine based on its geographic location:sphere of influence. Putin says the Ukraine falls under Russia's sphere of influence.
Sanctions are layered on each other and only the people suffer. You keep pounding rocks together, guess what? You get a spark.
This is the result of the reaction to the actions of the military. They do not have peaceful solutions so all nation's involved can maintain face as the Japanese say.
One does not need to rehash the problems in the Middle East: civil war in Syria, turmoil in Egypt, conflict between Palestine and Israel and unrest in Turkey, et al. There are many other ingredients that could burn, and not all lead to war, but all cause destruction one way or another.
James Richards
enters a new worry in his new book, The Death of Money. In it he brings up many aspects of money and debt. He connects dots that is behind the scene news. In my unpublished work, The Evolution of Democracy, I do the same, but my theme establishes that all things are related. A book allows you greater depth and flow of ideas that a blog cannot offer due to space and continuity. Nevertheless, I agree with many of his points and I will mention a few in brief.
Begins With QE
He says the Fed attacked the problem of debt with more debt. After the financial crisis of 2007-8, the Federal Reserve debt sheet has grown three times the rate of our economy. Back in 2008 the Fed's debt-to-assets was 22 to 1. Today, they have recklessly blotted that ratio to 77 to 1. Could anyone, corporation or government pay its bills if its debt was $.77cents out of every dollar it receives? No! Of course not!
He says the Fed is bankrupt, but since the US is the world's reserve currency, it gets away with it.
Yeah, but not everyone is fooled or pleased with the Fed's actions. In Europe the euro has lost over $.10cents and it is below $1.30 in value. This will cause inflation for any imports, but the hope is to export more and gain on the difference. There never is any consideration how this affects the people of Europe because like US citizens, their leaders do not represent their views. By the way a one cent movement in currency values is considered large and this one is already at a dime.
Anyway, back to Jim's story... The Fed spent its money buying US treasuries which kept interest rates low. It had many by-products that were positive with this plan. Individuals and corporations could refinance at lower rates. Foreign entities were able to do the same, but inflation began to creep into their economies and now, they are unhappy. The biggest beneficiary was the US government. At the old rates our country would already be bankrupt, but with low rates our government just rolls over the debt. Our leaders like Bush and Obama claim that our debt is manageable at under 5% of GDP.
Taxpayer
will be left holding the bag if the Fed gets called to the carpet. They have put us all in serious danger.
Our nation may even lose the status of the dollar being the world's reserve currency. I cannot get into that at the moment. If we lose that priviledge, everything will double in price and that is only part of the danger. Oyr leaders know and fear this, but they have a plan.
The Day After
is a plan that basically calls for Marshall Law because civil unrest will follow the explosion of prices and none of us needs that in the morning. There is another plan out there. This one is from the
IMF
They will introduce a new world currency called the SDR(Special Drawing Rights). The One World people are behind this terrible idea. Under it all nations will lose their sovereignty. We will be told what to do by a unknown committee that is not elected by the people. Get this! They will declare it democratic in principle.
These are some of the serious worries that will surface next month when the Fed ends QE. Rates will slowly rise, but at some inflection point, debt will not be able to be repaid because the interest on the already spent debt will be unmanageable. By the way the CBO has changed their tune. They now say that our national deficit will be higher, our economy will grow at a lower rate and tax estimates will be less than previously predicted. This is always the case. There is a blueprint that tells me so...
Japanese Debt
is estimated to be $1,200t-yen($11.6T-US)this year. This is more than the combined GDP of Germany, France, Italy, and UK. Japan needs $23t-yen to finance its debt or the equivalent of 47% of tax revenue to which they pay at .5% interest rate. This sad truth says the Japanese government to its people that inflation will only be .5% or less in ten years. Get real! The BoJ wants the yen to fall in value to 120 to the US dollar from 103 today. This will inflict pain to Japanese citizens, but the government feels that greater exports will produce a gain when added and subtracted. Back to Jim...
He says the movement of money, its velocity is collapsing. For example, you go out to eat. You keep a restaurant in business. You help its employees to pay their bills. However, if you stay home, they will go out of business and delinquent on paying bills. He says the velocity of money is at the same level as the Great Depression in 1929. He further says that people suffer a misery index which today is at 32 and in 1929, it was just 27.
One last scary thought and this concerns the Fed too. Under our exports is a category that says we sold gold. We have been selling gold for many, many years. The Fed will not allow anyone to audit their books because maybe they will find out that the Fed has sold 40% of our gold that is suppose to be in Fort Knox. Also, during this same time period, China has been buying gold and if there is a currency problem, their yuan will be backed with some value unlike our dollar.
I leave you, dear reader with this thought. What is the make-up plan for value under the IMF and its plan that has a new currency? Who is the top dog? Who is low on the totem pole? These outcomes are what happens when you let the fiat Fed change our constitution. The one great strength that the Founding Fathers knew was the importance of a strong currency because it will promote the general welfare and they based ours on gold not paper. End the Fed!
Thursday, September 4, 2014
Thursday, August 28, 2014
Return To Fair Value...Tidbits
The talking heads in the media love to gush about the recovery and since we are in a consumer society, the state of the housing industry. No one can argue about the rise in home prices from the lows of the 2008 recession except people like myself who see no structural changes within our economy and the financial industry which sent us into the recession. With that stated many times in this blog, to which I feel that the Fed's dilution of the value of the dollar has caused our stock market to be excessive to the tune of 40% overvalued. I'd like to introduce to you, dear reader, to a highly paid consultant, Wellershoff & Partners.
New Study
In this report by the Swiss firm, Wellershoff predicted that the US market will have a 30% or more correction within the next five years. They based their findings on a concept of correlation between the price of equities to their earnings(P/E). They looked at the history of the US stock market and they found an inverse movement associated with rising prices. In science they say for every action there is a reaction and this is basically what they are saying. When the market gets to pricey, the weight sinks it. Wellershoff says market valuation is the point of concern.
Case & Shiller
you heard of them because their housing index is used by everyone to reflect sales and prices in the housing market. Keep in mind that the purchase of a home is the biggest expense by a consumer. Shiller also consults about the economy and one of his main components is the CAPE which is centered around the P/E which Wellershoff used as a focal point in his study. Shiller says the CAPE reading of 25.69 is 61% higher than its historical normal of 15.95 and 55% higher than its historical mean of 16.55. These guys are way above me, but our indicators are on the same wave length.
One More Aspect
Wellershoff also adds there is another correlation that between developed and emerging markets. The higher the confidence level, the harder the fall.
Doubting Thomas Tidbits
We all read that the Fed will stop buying treasuries in October, but the question is this, who will make up the vacuum of the Fed to buy treasuries that help to keep interest rates low?
The Philadelphia Manufacturing Survey for August was released with this shocker. Under questions concerning the Affordable Care Act there were these two items that were asked.
How, if at all, are you changing or have changed the following:
Hiring of full time workers? Answer: negative 15.2% which means that percentage of full time workers was reduced by that amount.
Hiring of part time workers? Answer: increased by 16.7% which means more part time people to get around providing medical coverage.
This is why people cannot afford homes let alone live. We exist. We do not live.
End the Fed!
New Study
In this report by the Swiss firm, Wellershoff predicted that the US market will have a 30% or more correction within the next five years. They based their findings on a concept of correlation between the price of equities to their earnings(P/E). They looked at the history of the US stock market and they found an inverse movement associated with rising prices. In science they say for every action there is a reaction and this is basically what they are saying. When the market gets to pricey, the weight sinks it. Wellershoff says market valuation is the point of concern.
Case & Shiller
you heard of them because their housing index is used by everyone to reflect sales and prices in the housing market. Keep in mind that the purchase of a home is the biggest expense by a consumer. Shiller also consults about the economy and one of his main components is the CAPE which is centered around the P/E which Wellershoff used as a focal point in his study. Shiller says the CAPE reading of 25.69 is 61% higher than its historical normal of 15.95 and 55% higher than its historical mean of 16.55. These guys are way above me, but our indicators are on the same wave length.
One More Aspect
Wellershoff also adds there is another correlation that between developed and emerging markets. The higher the confidence level, the harder the fall.
Doubting Thomas Tidbits
We all read that the Fed will stop buying treasuries in October, but the question is this, who will make up the vacuum of the Fed to buy treasuries that help to keep interest rates low?
The Philadelphia Manufacturing Survey for August was released with this shocker. Under questions concerning the Affordable Care Act there were these two items that were asked.
How, if at all, are you changing or have changed the following:
Hiring of full time workers? Answer: negative 15.2% which means that percentage of full time workers was reduced by that amount.
Hiring of part time workers? Answer: increased by 16.7% which means more part time people to get around providing medical coverage.
This is why people cannot afford homes let alone live. We exist. We do not live.
End the Fed!
Friday, August 22, 2014
Chinese Cooking> Yuan on Fire
Like the title? Did you forget that an expression can have different meanings in other cultures, especially in translating words from one language to another? Did the moniker infer that things are going so well for China that the value of the yuan is surging? Well, put that to bed because I can tell you that is not the intended purpose.
Part 111, Fiat Manipulation
Ordinarily, after the US and Japan, Germany is front and center, but globalization has benefited China to the point that I feel that China is the world's largest economy and most important under the dominance of fiat economies. China may not have the largest total value by GDP, but if you consider it has the largest workforce, largest volume of exports, largest agriculture and it is the largest manufacturer. They lead in all the categories that count and they did it by fiat manipulation. When you look closer you will see that the yuan is as worthless as the dollar.
Nixon Opened The Door
Being one of the last nations to modernize, China studied the competition. They realized that the Fed is the number one influence in currencies. As a result, they tied the yuan to the dollar. Then, they played upon the power of low wages to take market share just like Japan, Korea and the Northern Nations of the EU, led by Germany. The only nation to suffer was the US and our nation has suffered three haircuts to our standard of living due to fiat manipulation.
Meanwhile, as wages grew in China two things happened. One, many manufacturers left for cheaper Asian economies and secondly, China passed authority to local governments so that the national government could hide behind free trade when local governments passed rules and legislation for protectionism. This technique is nothing new. Japan favored its Keiretsu. South Korea favored its Chaebols. In Europe the descendants of aristocrats or wealthy merchants received government rules and legislation to protect their interest and yet, every nation talks up the idea of free trade which is the lie of fiat governments and globalization. Have doubts? Can you explain why you cannot buy a Bud in many parts of Germany? How come a pink US grapefruit cost $8 bucks in Tokyo? How come you cannot buy a Harley in China? One more and this is a two-for-one deal. You have bans on US meat in Japan and S.Korea, but if a company in either nation buys a US farm, livestock and all and then, it is okay to import under their name over the US brand?
Anyway, getting back to China which offers the biggest problem for fiat nations and global trade. Everyone prints paper to lower the value of their currency to gain market niche, but China adds its cultural legacy to the equation.
Buyer Beware
is an expression that reminds the consumer that one may not get what one thinks one is purchasing. China takes this into its core of cultural transactions. In the Art of War, a Chinese masterpiece, the author reminds you in order to win one must observe the opponent. It is easier to catch an animal if it is sleeping or the enemy leaves an opening to exploit.
When US companies outsource their products to China, they run the risk of having a Chinese manager substitute cheaper quality to cut costs to which they pocket with no regard to licensing agreements. We have many examples from molding sheet rock to soiled animal food. Not to mention the losses Hollywood endures due to piracy as well as recording artists. The list is as long as the name Chen in a Chinese phonebook. The aspect of fake or copycat products is a way of life in China.
It effects every aspect within their society. In the financial crisis of 2007-08 this was reflected in the Chinese stock market. Many Chinese investors had big losses and many of those losses can be traced to the buyer purchasing the stock itself. According to Jie Cao, the average Chinese portfolio declined $40K yuan. He says these people bought because of a rumor in the market. They felt that they were trading like predators, but all too often, they were victims.
It is the same way in domestic business.
Fabrication
is a cultural point of concern. If someone were to search a Chinese merchant on the web, the credit rating of that company determines its ranking. False records of sales moves you up the standings. If you don't hype your numbers, you will not survive, especially if you want brand names like Alibaba to recognize you, says Hua Lizi who sells cosmetics and jewelry.
When you combine the local with the national character, it is easy to see why the largest mall is in China, but only has 2% open for business. China has ten cities larger than New York, but eight of them are "ghost cities" with no population. When you are responsible for over 800 million workers, you do things under the code name of stimulus which covers all aspects of fabrication, manipulation and civic responsibility like this tidbit in the recent news.
The Chinese government is trying to spur domestic growth and like our economy, housing does it best. Recent sales show housing has declined by 10% in the first seven months. This has made lenders leery and prices are declining along with sales. In fact, it is down over 17% yoy. Getting a closer look, ICBC offered investors a chance to buy into the housing growth, but with the recent news investors want out. They were told that they had to wait another fifteen months to be repaid. How is that for an example of liquidity crisis?
I hope by now that you realize that China's GDP figures and targets are mostly fluff both locally and nationally. Remember funny math can carry debt for a long time, especially if you have two set of books, but when people want to be paid and you can't, you will get social unrest.
It is happening today in China, but it is mostly contained until it isn't. The dominoes of declining home prices will show that the fiat yuan is like the Weimar mark, good for warmth by a fire and has as much value as all fiat money has, the price of paper. The only cooking taking place in China is in the books.
I could end here, but I can't with a clear conscious. Did I hear someone yea? Wise guy. The biggest threat to what is left of our economy is being played out through trade partnerships or deals like NAFTA in North America. Ross Perot was right, that sucking sound is jobs going to Mexico. While we waste our money on foolish wars, Mexico made deals with 44 nations. Today, they produce 3.2 million cars a year with 80% for export. Our lying government says we got jobs, but I say we got SHAFT and not the movie hero. These duty free deals allows Mexico to export to North America, South America, Europe, China even Japan. Thomas King, V-P of Corporate Affairs of Volkswagen says, "there is not another country in the world where you can export duty free." For example, cars built in non-union Tennessee exported to close by Brazil, still cost 55% more than one exported from Mexico. I wonder how much more a union car cost but it doesn't matter because our government won't protect our domestic companies, workers or way of life. This week I ask one request from you, dear reader, does anyone know where I can buy a "What Recovery" T-shirt?
End Trade Agreements! End the Fed!
Part 111, Fiat Manipulation
Ordinarily, after the US and Japan, Germany is front and center, but globalization has benefited China to the point that I feel that China is the world's largest economy and most important under the dominance of fiat economies. China may not have the largest total value by GDP, but if you consider it has the largest workforce, largest volume of exports, largest agriculture and it is the largest manufacturer. They lead in all the categories that count and they did it by fiat manipulation. When you look closer you will see that the yuan is as worthless as the dollar.
Nixon Opened The Door
Being one of the last nations to modernize, China studied the competition. They realized that the Fed is the number one influence in currencies. As a result, they tied the yuan to the dollar. Then, they played upon the power of low wages to take market share just like Japan, Korea and the Northern Nations of the EU, led by Germany. The only nation to suffer was the US and our nation has suffered three haircuts to our standard of living due to fiat manipulation.
Meanwhile, as wages grew in China two things happened. One, many manufacturers left for cheaper Asian economies and secondly, China passed authority to local governments so that the national government could hide behind free trade when local governments passed rules and legislation for protectionism. This technique is nothing new. Japan favored its Keiretsu. South Korea favored its Chaebols. In Europe the descendants of aristocrats or wealthy merchants received government rules and legislation to protect their interest and yet, every nation talks up the idea of free trade which is the lie of fiat governments and globalization. Have doubts? Can you explain why you cannot buy a Bud in many parts of Germany? How come a pink US grapefruit cost $8 bucks in Tokyo? How come you cannot buy a Harley in China? One more and this is a two-for-one deal. You have bans on US meat in Japan and S.Korea, but if a company in either nation buys a US farm, livestock and all and then, it is okay to import under their name over the US brand?
Anyway, getting back to China which offers the biggest problem for fiat nations and global trade. Everyone prints paper to lower the value of their currency to gain market niche, but China adds its cultural legacy to the equation.
Buyer Beware
is an expression that reminds the consumer that one may not get what one thinks one is purchasing. China takes this into its core of cultural transactions. In the Art of War, a Chinese masterpiece, the author reminds you in order to win one must observe the opponent. It is easier to catch an animal if it is sleeping or the enemy leaves an opening to exploit.
When US companies outsource their products to China, they run the risk of having a Chinese manager substitute cheaper quality to cut costs to which they pocket with no regard to licensing agreements. We have many examples from molding sheet rock to soiled animal food. Not to mention the losses Hollywood endures due to piracy as well as recording artists. The list is as long as the name Chen in a Chinese phonebook. The aspect of fake or copycat products is a way of life in China.
It effects every aspect within their society. In the financial crisis of 2007-08 this was reflected in the Chinese stock market. Many Chinese investors had big losses and many of those losses can be traced to the buyer purchasing the stock itself. According to Jie Cao, the average Chinese portfolio declined $40K yuan. He says these people bought because of a rumor in the market. They felt that they were trading like predators, but all too often, they were victims.
It is the same way in domestic business.
Fabrication
is a cultural point of concern. If someone were to search a Chinese merchant on the web, the credit rating of that company determines its ranking. False records of sales moves you up the standings. If you don't hype your numbers, you will not survive, especially if you want brand names like Alibaba to recognize you, says Hua Lizi who sells cosmetics and jewelry.
When you combine the local with the national character, it is easy to see why the largest mall is in China, but only has 2% open for business. China has ten cities larger than New York, but eight of them are "ghost cities" with no population. When you are responsible for over 800 million workers, you do things under the code name of stimulus which covers all aspects of fabrication, manipulation and civic responsibility like this tidbit in the recent news.
The Chinese government is trying to spur domestic growth and like our economy, housing does it best. Recent sales show housing has declined by 10% in the first seven months. This has made lenders leery and prices are declining along with sales. In fact, it is down over 17% yoy. Getting a closer look, ICBC offered investors a chance to buy into the housing growth, but with the recent news investors want out. They were told that they had to wait another fifteen months to be repaid. How is that for an example of liquidity crisis?
I hope by now that you realize that China's GDP figures and targets are mostly fluff both locally and nationally. Remember funny math can carry debt for a long time, especially if you have two set of books, but when people want to be paid and you can't, you will get social unrest.
It is happening today in China, but it is mostly contained until it isn't. The dominoes of declining home prices will show that the fiat yuan is like the Weimar mark, good for warmth by a fire and has as much value as all fiat money has, the price of paper. The only cooking taking place in China is in the books.
I could end here, but I can't with a clear conscious. Did I hear someone yea? Wise guy. The biggest threat to what is left of our economy is being played out through trade partnerships or deals like NAFTA in North America. Ross Perot was right, that sucking sound is jobs going to Mexico. While we waste our money on foolish wars, Mexico made deals with 44 nations. Today, they produce 3.2 million cars a year with 80% for export. Our lying government says we got jobs, but I say we got SHAFT and not the movie hero. These duty free deals allows Mexico to export to North America, South America, Europe, China even Japan. Thomas King, V-P of Corporate Affairs of Volkswagen says, "there is not another country in the world where you can export duty free." For example, cars built in non-union Tennessee exported to close by Brazil, still cost 55% more than one exported from Mexico. I wonder how much more a union car cost but it doesn't matter because our government won't protect our domestic companies, workers or way of life. This week I ask one request from you, dear reader, does anyone know where I can buy a "What Recovery" T-shirt?
End Trade Agreements! End the Fed!
Wednesday, August 13, 2014
Master Baiter>BoJ
Yellen may run the most important central bank in the world, but if fiat money is the discussion, you cannot leave out the men in Japan who jerk the lines of the yen pole in the waters of global currency. I could paraphrase a quote that the emperor might speak, but I don't want to intrude on cultural boundaries or hurt sensitive feelings. However, it might sound like this, "if the enlightened one smiles his favor upon you, the world is your oyster."
The Bank of Japan wrote the book on devaluing currency. For more than a decade money managers made millions by working the
Carry Trade
It is so easy for the rich to get richer that I want to scream. This is how you become a millionaire. You borrow yen with a Japanese loan of 2%. You take the money and then, you buy US Treasuries at 5%. Out of the 3% profit, you pay off the Japanese loan. You can't pull this B.S. with gold!
The Japanese didn't have to purchase yen in the market, money managers did it for them. This kept their local economy stable after their stock market bubble burst in 1989. Deflation was then and still is today, their biggest concern.
We can learn many things by studying the Japanese. If I wasn't Italian, I would consider them the most gifted culture. There is something within their nature that allows them to engineer things into smaller sizes. For example, they copied many auto improvements by American companies. Some might say that they stole ideas without regard to patents. Then again, one might argue that their design is original because the end result is vastly different from the original idea. I don't want to go off the theme because their fiat bankers are just as crooked as any in the field of currency. My point was that as a culture the Japanese study the competition and then, develop their own model.
GPIF
stands for Government Pension Investment Fund. This is where the Japanese citizen saves for retirement and this culture is probably one of the best when it comes to saving for a rainy day. Within the framework of funds within Japan, there are three leading money centers. The leader places its bet. The other two soon follow, although no one declares that the other influenced their decision.
Dear reader, we are talking big, big bucks or yen or euros, moolah, whatever. The three funds just sold Japanese bonds and now are buying Japanese equities to the tune of one-half trillion dollars(multiply 102 by half-a-trillion for the actual number). This figure is larger than the whole economy of Mexico!
BoJ
predicted for the prime minister that a weak yen would boost exports just like it did in the 70s. This action would grow the economy. The central bank printed enough yen to match the confetti at Times Square on New Year's Eve. The yen has declined by 16% since Abe took office. The data gives pause. The unexpected happened at Fukushima. Japan dropped nuclear for oil. The bill comes every month just like you and me from our utility company. The Japanese fuel bill rose by $1.56t($15b)just in the first quarter! Even though exports grew the overall effect is in the negative column. In fact, industrial production is lower than it was two years ago. Here is something that the fiat central Japanese bank did that mimics ours. They have lost jobs! The Japanese have lost over one million jobs in the past decade. You see all this devaluation causes producers to seek the copy cats in other governments who find still another way to manipulate their currency. Have you heard the latest!
Ecuador
is going digital! That's right! They are taking fake money to a new level, the Matrix of Money! Glad I don't work there. Meanwhile, back in Japan before Abe came into office the yen rose and manufacturers outsourced jobs to cheaper Asian countries due the the yen's rise by 34%. The only plus in the BoJs plan was in inflation. That's right just like our Fed. The people suffer with higher prices while all the leaders say there is no inflation. Abe's plan for inflation has worked, but a country that lives for exports, not so much.
Bottom line when the fishing pole of the yen clears the muddy waters of international currency,
Japan's deficit is now over 200% of GDP. It is hard to grow an economy when the purchasing power of your currency is declining. You cannot burn your candle from both ends. Japanese households just like American families suffer in their standard of living with high food and energy prices. By the way Abe increased the national sales tax by 37% to help with government revenues. I hope Obama does not read that last line.
End the Fed!
The Bank of Japan wrote the book on devaluing currency. For more than a decade money managers made millions by working the
Carry Trade
It is so easy for the rich to get richer that I want to scream. This is how you become a millionaire. You borrow yen with a Japanese loan of 2%. You take the money and then, you buy US Treasuries at 5%. Out of the 3% profit, you pay off the Japanese loan. You can't pull this B.S. with gold!
The Japanese didn't have to purchase yen in the market, money managers did it for them. This kept their local economy stable after their stock market bubble burst in 1989. Deflation was then and still is today, their biggest concern.
We can learn many things by studying the Japanese. If I wasn't Italian, I would consider them the most gifted culture. There is something within their nature that allows them to engineer things into smaller sizes. For example, they copied many auto improvements by American companies. Some might say that they stole ideas without regard to patents. Then again, one might argue that their design is original because the end result is vastly different from the original idea. I don't want to go off the theme because their fiat bankers are just as crooked as any in the field of currency. My point was that as a culture the Japanese study the competition and then, develop their own model.
GPIF
stands for Government Pension Investment Fund. This is where the Japanese citizen saves for retirement and this culture is probably one of the best when it comes to saving for a rainy day. Within the framework of funds within Japan, there are three leading money centers. The leader places its bet. The other two soon follow, although no one declares that the other influenced their decision.
Dear reader, we are talking big, big bucks or yen or euros, moolah, whatever. The three funds just sold Japanese bonds and now are buying Japanese equities to the tune of one-half trillion dollars(multiply 102 by half-a-trillion for the actual number). This figure is larger than the whole economy of Mexico!
BoJ
predicted for the prime minister that a weak yen would boost exports just like it did in the 70s. This action would grow the economy. The central bank printed enough yen to match the confetti at Times Square on New Year's Eve. The yen has declined by 16% since Abe took office. The data gives pause. The unexpected happened at Fukushima. Japan dropped nuclear for oil. The bill comes every month just like you and me from our utility company. The Japanese fuel bill rose by $1.56t($15b)just in the first quarter! Even though exports grew the overall effect is in the negative column. In fact, industrial production is lower than it was two years ago. Here is something that the fiat central Japanese bank did that mimics ours. They have lost jobs! The Japanese have lost over one million jobs in the past decade. You see all this devaluation causes producers to seek the copy cats in other governments who find still another way to manipulate their currency. Have you heard the latest!
Ecuador
is going digital! That's right! They are taking fake money to a new level, the Matrix of Money! Glad I don't work there. Meanwhile, back in Japan before Abe came into office the yen rose and manufacturers outsourced jobs to cheaper Asian countries due the the yen's rise by 34%. The only plus in the BoJs plan was in inflation. That's right just like our Fed. The people suffer with higher prices while all the leaders say there is no inflation. Abe's plan for inflation has worked, but a country that lives for exports, not so much.
Bottom line when the fishing pole of the yen clears the muddy waters of international currency,
Japan's deficit is now over 200% of GDP. It is hard to grow an economy when the purchasing power of your currency is declining. You cannot burn your candle from both ends. Japanese households just like American families suffer in their standard of living with high food and energy prices. By the way Abe increased the national sales tax by 37% to help with government revenues. I hope Obama does not read that last line.
End the Fed!
Wednesday, August 6, 2014
Master Manipulators> Fiat Demographics
They've got a set of Republican waiters on one side and a set of Democrat waiters on the other side, but no matter which set of waiters bring you the dish, the legislative "grub" is all prepared
in the same Wall St. kitchen.
-- Huey Pierce Long
He called it like it was back in the 30s. Today, the chefs do stints at the Treasury and the reviews of their work(market trend) dictate the menu at the Fed, who still claim independence. Ha! Study their action not their words. Greenspan, Bernanke and now, Yellen all kept interest rates low to spur the economy and employment while at the same time, check inflation. B.S.!
Real Reason
help our federal government with its massive deficits, caused by waging foolish wars, while at the same time cheap money lifts the stock market. This gives a confidence "feel" through the media that although you may have low wages or lost your job, things will get better.
Now, you might argue that this policy helps the nation, keeps the dollar stable, keeps trade flowing and everyone can benefit from higher values in equities. To answer this in detail one would need a chapter, and although blogs are so much better than the sound bytes of the news, one cannot do justice because as I stated in my unpublished book all things are related both in our time and through time. The sad reality of global trade is that everything in every country is manipulated. In the next few weeks I'll reveal some of their tricks. Let's start at the top.
Fed and Treasury
by deceiving the public about gold, the bankers pushed the idea of the Fed as the best way to keep money flowing(credit and currency)nothing about a dual mandate of inflation and employment. This gave the greedy bankers security because the Fed was their socialism. The taxpayer would foot the bill if anything went wrong. In less than twenty years after their start, they gave us the Great Depression, and so many boom and busts that a book would be needed. Yet, these shills still claim their actions saved our economy time-after-time. They never take responsibility for their errors and they have the gall to claim that their actions are independent of political influence.The recent pull-back in the market called volatility which is a code word meaning declining values is also a code word for the Fed to keep rates low and to keep the punch bowl full or we will push the market even lower.
Anyway, the Fed cheapens money by buying treasuries, which allows our government leaders to be irresponsible with our money. Banks get their money from the Fed's discount window and through lobbying(read manipulation)are allowed to leverage this money 10x. The worthless fiat money has expanded to $4t of debt at the Fed and over $40t of debt in the private sector.Together, this is 4, cuatro, four, IV times the value of our economy, give or take a trillion. Doesn't matter, they will print to cover the correlation. Basically, fiat above refers to money and it has no convertible value while demographics reflects the balance of a population(US)either it is rising or declining, however segments within it can dictate economic effects. Our largest segment is ageing. Baby boomers are not buying soda, pampers, and if anything are down sizing their homes. In our consumer society a home is the largest purchase one can buy. If homes don't sell, the economy flops. No manipulation can change the facts of life and this in a nutshell is the real dilemma of our economy. The Fed knows this and it also knows that all central bankers have been printing fiat money to gain market share through exports. The cheapest price wins at the cash register.
We don't have to study books to see the effects on our standard of living, jobs, wages and the American Dream. We invented TV, but we don't make them. We invented the computer, but we don't make them. Almost anything that you can name can finds its roots here, but we get no benefit like jobs and wages that raise our standard of living. Global nations not only use currency manipulation, but protectionism, rules and regulations which is why twenty-one nations have a better living standard than Americans. What little manufacturing that we still produce is only because the military complex needs the products that they make. The military is a partner to cheap money and no member of Congress will oppose them because the military has spread out its influence in every state which translates to jobs, campaign money and votes. This is the status quo in the US today.
Tool Box
The Fed has many techniques to maintain the system. In the old days they just printed new dollars to finance the old dollars, however this produces inflation. They realized this in the 20s. The idea of QE was developed in the 30s and the crisis of 2008 revisited this technique. Now, they claim it is coming to an end. Of course, they said this twice before. Last week, they did enact the follow up to keep interest rates low. It may work. It may not. Here is the plan. They changed the money market fund which is based on keeping a dollar invested, always worth a dollar. During the financial crisis of 2008 there was a run on the buck and it fell below a dollar. To put this in perspective the Fed lends money at .015%. Banks then can multiply that 10x and charge from four and a half percent to twenty-one percent with credit cards. I won't get into their fees. This is how the Fed recapitalized our banks. Our Treasury will use the money market interest rate which will be similar to the present rate to finance the government. If it doesn't, 40 year bonds will be on the horizon.
Problem
Although our population continues to expand, our largest segment is past its peak spending days. It takes time to counter the Fed and government manipulation of our economic data. The first quarter GDP was negative 2.9%, which was revised to negative 2.1%. They then tell us our present GDP is 4%, but I'll tell you this is a lie. They will quietly revise it lower in a future date, but the truth is our economy is slowing with deflation on the horizon. Here are some facts that cannot be manipulated. International trade under the Baltic Shipping Index is falling so low, it is almost off the chart. Home Builders Index is so low that the curb looks up. Home sales was quietly revised so low that it set a record. The number of first time home buyers is 18% and falling big each year. Historically this number should be around 40%. When you add the age of this new buyer to over 34 when it was just 31, you see a negative outlook. By the way Europe has the same root problem in the EU. Italy just went back into the recession. Spain, Greece and Portugal banks are day-to-day. Throw in the fiat crazy Argentina and no sous-soup chef can save that meal. Germany's demographics is terrible which explains why its exports are declining.
Meanwhile, if you thought that homes are rebounding and foreclosures are fading, think again Kimosabe. Foreclosures are up 30% in Utah, up 11% in Wisconsin, up 40% in Iowa, up 8% in Ohio, up 22% in Illinois, up 7% in Maryland and over 6% in Florida. That is trouble with a capital "T."
When government does not listen to the voice of its people, geopolitical events happen. Do you know what happened in 1776 or 1789? Do you follow the Middle East, Central America, parts of Asia, and parts of South America today? In our own country the Occupy Wall St. movement knew something was amiss, but lacked vision to answer the question. I don't have the following of likes that is the social media, but I know that people understand the truth when they read it like "..we hold these truths to be self-evident..."
As history has demonstrated the Fed will fail again because an economy is not a math equation or a ledger with pluses and minuses. It is a reflection of its people who are now getting older who will spend less which correlates to deflation which a natural progression in life.
As for the Fed with its founding idea of currency and credit, let us check the video. We saw the bubble in credit in 2008 and a recent reflection in the value of the dollar saw it drop from $1.20 in the 90s to eighty cents today. If the Fed was truly independent and acted for the best interest for all our citizens, it would've defended the dollar. It didn't. That is the reason why the middle class is disappearing and so many Americans are in poverty, homeless and suffer going hungry. If they did not buy treasuries, the government might not have been controlled by the military complex and there would've been no money for Vietnam, Irag or Afghanistan. Better yet, no money for future made up conflicts. Instead our dollar has declined decade-after-decade, the military has the biggest part of our budget and the rising stock market reflects the fact that it takes money to make money which all leads to the wealth gap until someone says no more! End the Fed!
in the same Wall St. kitchen.
-- Huey Pierce Long
He called it like it was back in the 30s. Today, the chefs do stints at the Treasury and the reviews of their work(market trend) dictate the menu at the Fed, who still claim independence. Ha! Study their action not their words. Greenspan, Bernanke and now, Yellen all kept interest rates low to spur the economy and employment while at the same time, check inflation. B.S.!
Real Reason
help our federal government with its massive deficits, caused by waging foolish wars, while at the same time cheap money lifts the stock market. This gives a confidence "feel" through the media that although you may have low wages or lost your job, things will get better.
Now, you might argue that this policy helps the nation, keeps the dollar stable, keeps trade flowing and everyone can benefit from higher values in equities. To answer this in detail one would need a chapter, and although blogs are so much better than the sound bytes of the news, one cannot do justice because as I stated in my unpublished book all things are related both in our time and through time. The sad reality of global trade is that everything in every country is manipulated. In the next few weeks I'll reveal some of their tricks. Let's start at the top.
Fed and Treasury
by deceiving the public about gold, the bankers pushed the idea of the Fed as the best way to keep money flowing(credit and currency)nothing about a dual mandate of inflation and employment. This gave the greedy bankers security because the Fed was their socialism. The taxpayer would foot the bill if anything went wrong. In less than twenty years after their start, they gave us the Great Depression, and so many boom and busts that a book would be needed. Yet, these shills still claim their actions saved our economy time-after-time. They never take responsibility for their errors and they have the gall to claim that their actions are independent of political influence.The recent pull-back in the market called volatility which is a code word meaning declining values is also a code word for the Fed to keep rates low and to keep the punch bowl full or we will push the market even lower.
Anyway, the Fed cheapens money by buying treasuries, which allows our government leaders to be irresponsible with our money. Banks get their money from the Fed's discount window and through lobbying(read manipulation)are allowed to leverage this money 10x. The worthless fiat money has expanded to $4t of debt at the Fed and over $40t of debt in the private sector.Together, this is 4, cuatro, four, IV times the value of our economy, give or take a trillion. Doesn't matter, they will print to cover the correlation. Basically, fiat above refers to money and it has no convertible value while demographics reflects the balance of a population(US)either it is rising or declining, however segments within it can dictate economic effects. Our largest segment is ageing. Baby boomers are not buying soda, pampers, and if anything are down sizing their homes. In our consumer society a home is the largest purchase one can buy. If homes don't sell, the economy flops. No manipulation can change the facts of life and this in a nutshell is the real dilemma of our economy. The Fed knows this and it also knows that all central bankers have been printing fiat money to gain market share through exports. The cheapest price wins at the cash register.
We don't have to study books to see the effects on our standard of living, jobs, wages and the American Dream. We invented TV, but we don't make them. We invented the computer, but we don't make them. Almost anything that you can name can finds its roots here, but we get no benefit like jobs and wages that raise our standard of living. Global nations not only use currency manipulation, but protectionism, rules and regulations which is why twenty-one nations have a better living standard than Americans. What little manufacturing that we still produce is only because the military complex needs the products that they make. The military is a partner to cheap money and no member of Congress will oppose them because the military has spread out its influence in every state which translates to jobs, campaign money and votes. This is the status quo in the US today.
Tool Box
The Fed has many techniques to maintain the system. In the old days they just printed new dollars to finance the old dollars, however this produces inflation. They realized this in the 20s. The idea of QE was developed in the 30s and the crisis of 2008 revisited this technique. Now, they claim it is coming to an end. Of course, they said this twice before. Last week, they did enact the follow up to keep interest rates low. It may work. It may not. Here is the plan. They changed the money market fund which is based on keeping a dollar invested, always worth a dollar. During the financial crisis of 2008 there was a run on the buck and it fell below a dollar. To put this in perspective the Fed lends money at .015%. Banks then can multiply that 10x and charge from four and a half percent to twenty-one percent with credit cards. I won't get into their fees. This is how the Fed recapitalized our banks. Our Treasury will use the money market interest rate which will be similar to the present rate to finance the government. If it doesn't, 40 year bonds will be on the horizon.
Problem
Although our population continues to expand, our largest segment is past its peak spending days. It takes time to counter the Fed and government manipulation of our economic data. The first quarter GDP was negative 2.9%, which was revised to negative 2.1%. They then tell us our present GDP is 4%, but I'll tell you this is a lie. They will quietly revise it lower in a future date, but the truth is our economy is slowing with deflation on the horizon. Here are some facts that cannot be manipulated. International trade under the Baltic Shipping Index is falling so low, it is almost off the chart. Home Builders Index is so low that the curb looks up. Home sales was quietly revised so low that it set a record. The number of first time home buyers is 18% and falling big each year. Historically this number should be around 40%. When you add the age of this new buyer to over 34 when it was just 31, you see a negative outlook. By the way Europe has the same root problem in the EU. Italy just went back into the recession. Spain, Greece and Portugal banks are day-to-day. Throw in the fiat crazy Argentina and no sous-soup chef can save that meal. Germany's demographics is terrible which explains why its exports are declining.
Meanwhile, if you thought that homes are rebounding and foreclosures are fading, think again Kimosabe. Foreclosures are up 30% in Utah, up 11% in Wisconsin, up 40% in Iowa, up 8% in Ohio, up 22% in Illinois, up 7% in Maryland and over 6% in Florida. That is trouble with a capital "T."
When government does not listen to the voice of its people, geopolitical events happen. Do you know what happened in 1776 or 1789? Do you follow the Middle East, Central America, parts of Asia, and parts of South America today? In our own country the Occupy Wall St. movement knew something was amiss, but lacked vision to answer the question. I don't have the following of likes that is the social media, but I know that people understand the truth when they read it like "..we hold these truths to be self-evident..."
As history has demonstrated the Fed will fail again because an economy is not a math equation or a ledger with pluses and minuses. It is a reflection of its people who are now getting older who will spend less which correlates to deflation which a natural progression in life.
As for the Fed with its founding idea of currency and credit, let us check the video. We saw the bubble in credit in 2008 and a recent reflection in the value of the dollar saw it drop from $1.20 in the 90s to eighty cents today. If the Fed was truly independent and acted for the best interest for all our citizens, it would've defended the dollar. It didn't. That is the reason why the middle class is disappearing and so many Americans are in poverty, homeless and suffer going hungry. If they did not buy treasuries, the government might not have been controlled by the military complex and there would've been no money for Vietnam, Irag or Afghanistan. Better yet, no money for future made up conflicts. Instead our dollar has declined decade-after-decade, the military has the biggest part of our budget and the rising stock market reflects the fact that it takes money to make money which all leads to the wealth gap until someone says no more! End the Fed!
Wednesday, July 30, 2014
Gold and Unexpected Debt
The recent action in gold reflects a range bound price from a low at $1268 to a high around $1324. This does not generate a whole lot of interest when the S&P 500 hits a new record every other week. However, a glance at a boiling pot does not tell you the moment of overflow.
Gold could be setting up for a big upwards move. This is derived from the geopolitical trends to recent reports.
SNL Metals and Mining, a leading authority on metals stated this important observation in their work: Strategies for Gold and Reserve Replacement. Gold production is rapidly declining. In the past 24 years, the total mining production of gold was 1.66b ounces with 217 major discoveries, and 1.84b ounces were put into production. Production has been exceeding discovery. This difference of in the ground and on the market has to be replaced. It appears that is not the case. This leads to the basic law of supply and demand. Less supply, higher prices.
In addition, the Aden sisters just released a report that follows the price action of gold. It reinforces the positive price trend in gold. Gold has climbed over its 65 day moving average. Also, if you look at a long-term chart of gold, gold finds a bottom every five plus years. According to the Aden's, gold just formed this bottom. Gold also shows a reversal head and shoulders formation. Finally, gold on the HUI Index broke above the 234 level. Pay attention to that number. If it stays above it, we can safely say this is not a false signal. It will be the beginning of an upward move. Keep in mind that the money center banks like MorganChase, et al. all hate gold. They are for the Fed and fiat money. These people see the same price trends. They will fight against gold like they always do.
Unexpected Debt
Our government leaders never put money away for a rainy day. As 10,000 baby boomers get in line every day for the next 17 YEARS, Social Security and Medicare will feel pain, which will be reflected in budget deficits. The Congressional Budget Office(CBO)sees our debt shrinking for the next two years and then...nothing but deficits far into the future. These people do a better job than almost all the other government agencies, however they are never correct either. There were two recent developments in the news that will worsen the debt picture in the future. Neither of the two were taken into account when the pluses and minuses were completed by the CBO.
Drug Nation
The average American spends $4K a year on prescription drugs. Most of this will be put into the Affordable Care Act or Medicare. However, a new development has occurred. The early release of prisoners and their medical needs is being pushed into the Affordable Care Act. Remember, this is borrowed money to begin with and we have to pay interest on it. Both of the columns, debt and financing of debt will grow. In addition, the immigrant kids crashing over our southern border is adding billions of unfunded debt that is also being borrowed with interest to house them, cloth them, feed them, litigate them, transport them, medically treat them and more. I predict the interest on our national debt will explode to ONE TRILLION A YEAR. Now, how does gold look?
End the Fed!
Gold could be setting up for a big upwards move. This is derived from the geopolitical trends to recent reports.
SNL Metals and Mining, a leading authority on metals stated this important observation in their work: Strategies for Gold and Reserve Replacement. Gold production is rapidly declining. In the past 24 years, the total mining production of gold was 1.66b ounces with 217 major discoveries, and 1.84b ounces were put into production. Production has been exceeding discovery. This difference of in the ground and on the market has to be replaced. It appears that is not the case. This leads to the basic law of supply and demand. Less supply, higher prices.
In addition, the Aden sisters just released a report that follows the price action of gold. It reinforces the positive price trend in gold. Gold has climbed over its 65 day moving average. Also, if you look at a long-term chart of gold, gold finds a bottom every five plus years. According to the Aden's, gold just formed this bottom. Gold also shows a reversal head and shoulders formation. Finally, gold on the HUI Index broke above the 234 level. Pay attention to that number. If it stays above it, we can safely say this is not a false signal. It will be the beginning of an upward move. Keep in mind that the money center banks like MorganChase, et al. all hate gold. They are for the Fed and fiat money. These people see the same price trends. They will fight against gold like they always do.
Unexpected Debt
Our government leaders never put money away for a rainy day. As 10,000 baby boomers get in line every day for the next 17 YEARS, Social Security and Medicare will feel pain, which will be reflected in budget deficits. The Congressional Budget Office(CBO)sees our debt shrinking for the next two years and then...nothing but deficits far into the future. These people do a better job than almost all the other government agencies, however they are never correct either. There were two recent developments in the news that will worsen the debt picture in the future. Neither of the two were taken into account when the pluses and minuses were completed by the CBO.
Drug Nation
The average American spends $4K a year on prescription drugs. Most of this will be put into the Affordable Care Act or Medicare. However, a new development has occurred. The early release of prisoners and their medical needs is being pushed into the Affordable Care Act. Remember, this is borrowed money to begin with and we have to pay interest on it. Both of the columns, debt and financing of debt will grow. In addition, the immigrant kids crashing over our southern border is adding billions of unfunded debt that is also being borrowed with interest to house them, cloth them, feed them, litigate them, transport them, medically treat them and more. I predict the interest on our national debt will explode to ONE TRILLION A YEAR. Now, how does gold look?
End the Fed!
Wednesday, July 23, 2014
Ode to the Beat Goes On
Oh, the joy of walking again makes me feel like singing...Oh, what a lovely world...
500K protested in Hong Kong about the influence of power by China on their lives
the demonstration on the news that same evening by the Chinese media only
mentioned that 100K voiced their displeasure because they cannot understand all the benefits
from the mainland.
And The Beat Goes On...
The US stock market breaks new records every week
experts praise the recovery, talking heads agree
I ask why GDP was negative 2.9% in the 1st quarter?
and the second has already been down-graded too.
And The Beat Goes On...
The EU will not allow its member nations to suffer
a negative cycle. They will unlock new job growth with
the oldest profession and drug usage will grow GDP
under health care to a "high" of 3%.
And The Beat Goes On...
Be near your friends, but keep your enemy closer
says an ancient China master which explains why a
German official sold secrets to US intelligence. I only
wonder who is the friend and who is the enemy?
And The Beat Goes On...
Last blog before I was hit by a GMC, SUV stated
GM recalled 3m cars and today, it is up to 28 million.
Hey, the SUV only had skid marks and it felt strong
my ankle not so good under wear & tear.
And The Beat Goes On...
BMW, Honda, Toyota and Chrysler too, all joined the recall
even Facebook crashed the party to generate revenue
Twitter, Google will not be left behind
media revenues is up, causes are down.
And The Beat Goes On...
Been three years since Fukushima, but radiated water
still spills into the Pacific. A "genius" has the answer,
build an ice wall ring to contain the leaks. Nothing like
frozen water to dam the flow of running water.
And The Beat Goes On...
Economic pundits confirm the Fed, inflation is dead.
I see different signs: eggs up 15%, coffee up 10%,
diary up 37% even with subsidized manipulation.
gas up 12%, grains up 10%, pork up 40% and beef
is off the charts, so says the writing on the subway walls.
And The Beat Goes On...
Planes down in Ukraine, tanks roll in Gaza
girls gone in Nigeria and candidates
disappear in Egypt. Boats play roller derby
in the China Sea and drive-by shootings in the USA
And The Beat Goes On...
Obama used amnesty for the Hispanic vote,
didn't see the consequences on the border today,
tomorrow or the next. No one acts like send them
on a bus to Mexico, at least they speak the same
And The Beat Goes On...
We know who won the All-Star game, World Cup
as Johnny Football waits in the wings, but no one
understands the Fed as Yellen yells, low rates are good
for the economy and manana will yell, high rates are
good for the economy.
And The Beat Goes On...
Harry Dent and I criticize the Fed, as Yellen quotes Greenspan,
"...no way to identify a bubble until it bursts. It's better to clean
up the damage, then try to deflate the bubble in advance."
That B.S. almost causes a skip, but fear not she's got the needle.
And The Beat Goes On...
Who ya gonna call when ya hungry and no food to eat?
Climate, prices up, dollar value down.
Does anyone ask explains the Fed?
And The Beat Goes On...
For people who live where the wind comes sweeping down the
plains, say they never heard of local earthquakes until
fracking came to town. The rigs are ahead of the quakes
which hit 200 with the last count.
And The Beat Goes On...
Great news for democracy as elections proceeded
in Afghanistan except one-quarter of the nation
was deemed unsafe for voting. We think we have a
winner, but first let's check the absentees as someone
saw Miami, Florida in the lower right hand corner.
And The Beat Goes On...
Need a job? Don't fret. Politicians are at work.
Only two states had gambling in 1988 and today,
we got 39 with a lot of upside. Check your local
chamber after the mid-term graft.
And The Beat Goes On...
"Mara, Marijuana" sang the chorus in 1969 at
Woodstock. Finally made it to number one in
Colorado and Washington too. Politicians are
at work. 90% upside. Check your chamber
after the mid-term graft.
And The Beat Goes On...
Quiet secret of outsourcing by Boeing who
never said this before the union vote, the
fuselage is made in Japan. At least they have a
conscious. Worry if Brazil or China wins the
contract. This is so good it gets another stanza.
We have fallen buildings and crumbling roads
due to cheap cement. We have split bridges, due to
lack of repairs. Will parachutes be the
new airline fee if Japan loses its fuselage fee?
And The Beat Goes On...
Sadly, Malaysia Air suffers another blow,
but the Netherlands face a deadly role.
Will 134 of its own invoke sanctions worth
$134b? Hope for the best, prepare for the worst.
And The Beat Goes On...
Turn the record over to the flip-side. I can't
take it anymore as Snowden ponders a tune with
his stay expiring in thirty days. Will this be the deal
behind all the tragedy?
And The Beat Goes On...
Can Dream Catcher answer NASA's call?
Or will a trampoline bounce us to the
space station? Never enough dough, says the
military which could end the peaceful venture.
Why don't they play Lennon's mantra?
GIVE PEACE A CHANCE
Because they want to hear
And The Beat Goes On...
500K protested in Hong Kong about the influence of power by China on their lives
the demonstration on the news that same evening by the Chinese media only
mentioned that 100K voiced their displeasure because they cannot understand all the benefits
from the mainland.
And The Beat Goes On...
The US stock market breaks new records every week
experts praise the recovery, talking heads agree
I ask why GDP was negative 2.9% in the 1st quarter?
and the second has already been down-graded too.
And The Beat Goes On...
The EU will not allow its member nations to suffer
a negative cycle. They will unlock new job growth with
the oldest profession and drug usage will grow GDP
under health care to a "high" of 3%.
And The Beat Goes On...
Be near your friends, but keep your enemy closer
says an ancient China master which explains why a
German official sold secrets to US intelligence. I only
wonder who is the friend and who is the enemy?
And The Beat Goes On...
Last blog before I was hit by a GMC, SUV stated
GM recalled 3m cars and today, it is up to 28 million.
Hey, the SUV only had skid marks and it felt strong
my ankle not so good under wear & tear.
And The Beat Goes On...
BMW, Honda, Toyota and Chrysler too, all joined the recall
even Facebook crashed the party to generate revenue
Twitter, Google will not be left behind
media revenues is up, causes are down.
And The Beat Goes On...
Been three years since Fukushima, but radiated water
still spills into the Pacific. A "genius" has the answer,
build an ice wall ring to contain the leaks. Nothing like
frozen water to dam the flow of running water.
And The Beat Goes On...
Economic pundits confirm the Fed, inflation is dead.
I see different signs: eggs up 15%, coffee up 10%,
diary up 37% even with subsidized manipulation.
gas up 12%, grains up 10%, pork up 40% and beef
is off the charts, so says the writing on the subway walls.
And The Beat Goes On...
Planes down in Ukraine, tanks roll in Gaza
girls gone in Nigeria and candidates
disappear in Egypt. Boats play roller derby
in the China Sea and drive-by shootings in the USA
And The Beat Goes On...
Obama used amnesty for the Hispanic vote,
didn't see the consequences on the border today,
tomorrow or the next. No one acts like send them
on a bus to Mexico, at least they speak the same
And The Beat Goes On...
We know who won the All-Star game, World Cup
as Johnny Football waits in the wings, but no one
understands the Fed as Yellen yells, low rates are good
for the economy and manana will yell, high rates are
good for the economy.
And The Beat Goes On...
Harry Dent and I criticize the Fed, as Yellen quotes Greenspan,
"...no way to identify a bubble until it bursts. It's better to clean
up the damage, then try to deflate the bubble in advance."
That B.S. almost causes a skip, but fear not she's got the needle.
And The Beat Goes On...
Who ya gonna call when ya hungry and no food to eat?
Climate, prices up, dollar value down.
Does anyone ask explains the Fed?
And The Beat Goes On...
For people who live where the wind comes sweeping down the
plains, say they never heard of local earthquakes until
fracking came to town. The rigs are ahead of the quakes
which hit 200 with the last count.
And The Beat Goes On...
Great news for democracy as elections proceeded
in Afghanistan except one-quarter of the nation
was deemed unsafe for voting. We think we have a
winner, but first let's check the absentees as someone
saw Miami, Florida in the lower right hand corner.
And The Beat Goes On...
Need a job? Don't fret. Politicians are at work.
Only two states had gambling in 1988 and today,
we got 39 with a lot of upside. Check your local
chamber after the mid-term graft.
And The Beat Goes On...
"Mara, Marijuana" sang the chorus in 1969 at
Woodstock. Finally made it to number one in
Colorado and Washington too. Politicians are
at work. 90% upside. Check your chamber
after the mid-term graft.
And The Beat Goes On...
Quiet secret of outsourcing by Boeing who
never said this before the union vote, the
fuselage is made in Japan. At least they have a
conscious. Worry if Brazil or China wins the
contract. This is so good it gets another stanza.
We have fallen buildings and crumbling roads
due to cheap cement. We have split bridges, due to
lack of repairs. Will parachutes be the
new airline fee if Japan loses its fuselage fee?
And The Beat Goes On...
Sadly, Malaysia Air suffers another blow,
but the Netherlands face a deadly role.
Will 134 of its own invoke sanctions worth
$134b? Hope for the best, prepare for the worst.
And The Beat Goes On...
Turn the record over to the flip-side. I can't
take it anymore as Snowden ponders a tune with
his stay expiring in thirty days. Will this be the deal
behind all the tragedy?
And The Beat Goes On...
Can Dream Catcher answer NASA's call?
Or will a trampoline bounce us to the
space station? Never enough dough, says the
military which could end the peaceful venture.
Why don't they play Lennon's mantra?
GIVE PEACE A CHANCE
Because they want to hear
And The Beat Goes On...
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