The news from Europe that it indeed had reached a "Grand Plan" sparked a worldwide rally in stocks, especially in the financial industries. The idea is the lending institutions holding Greek paper would receive 50% less on the current loans and with everyone providing more money to control any other outbreaks of financial contagion all would be fine and these very same lending institutions would recover the losses through new loans and having the safety net of the rescue fund. What the plan lacks of course is a finalized agreement on paper and on Tuesday the Greek government decided to put it up as a national vote. Needless to say, panic hit the world markets and for desert MF Golbal declares bankruptcy. This is only surface problems, as none of these world expert economist or central bankers have the foresight to see what is happening at the moment. The current trend in world prices will destroy their projections on income and growth and as for future expenses, all the unfunded obligations will multiply because of present price increases. And of course, I can't get my book published.
Future is Here
All the Western Nation's are deep in debt, nothing new here, but the debt that I refer to is unfunded obligations which are debts that will be coming forth in the near future which will crush all the so-called facts and figures that they just released in Europe and soon to be released by the Super-Committee in the U.S. on November 23rd, next month. This turkey can be basted, have all the herbs & spices, but it is spoiled poultry and no chef in the world can save it.
5Xs GDP
At the moment the strongest nation in Europe is Germany, but few realize that Germany is racking up many unfunded obligations and all these resue packages is adding to their dilemna as well as all the other members of the Euro. Germany has a future of 418% more debt than its GDP and it will be coming due. Things like funding companies, pensions, insurance to projects, past bonds that are maturing. France is worse. They will have 549% of debt to GDP that is coming due. And these are the leaders of Europe?
Who is going to bailout the bailouters?
The U.S. is in the same boat. Our future debt is 5-times our present GDP and we face a series of conundrums. One, our revenues are falling, but our spending is increasing. We spend $3 dollars while we only collect $2 dollars out of every $5 dollars. At the moment it adds up to $46,000 per person. Do you have yours? I don't. This is worse than the Titanic. This boat sinks off the entry into the water. The second issue is the very tricks and schemes that our government uses to steal our money makes them blind to their actions. They did not see the housing bubble. Why? There schemes showed housing as a rising sector for employment and not a runaway price bubble. What I'm referring to is the government agencies that report the different aspects of our economy. For instance, the consumer price index. This has been massaged so much that it is nothing but bureaucratic B.S. They do not include food and energy because they say they are too volatile. Yeah, they keep rising! They say for instance, a new house rose in price, but it is actually cheaper because it has new efficient appliances. Yes, we should build more. We will get better employment numbers. More revenues. Idiots!
And the other reason that they don't see problems is because the appointees are selected by "soft" money who do the status quo bidding. This is why MF Global failed even though the rating agencies just supported one of their bond offerings.
Corruption!
Bottom line: government uses this logic from these people to lower the projections of inflation. Inflation, according to the government and the Fed is within their guidelines of 2% to 3%. Meanwhile, we all know that gas is up $1.19 this year, coffee, sugar, food all up 200% and this brings me to the conclusion that we are in a stagflated economy which is the worse economy. Stagflation means things that are needed like food and energy along with everything else rise in price, while our wages remain stagnant or decline. I already provided food and energy and a trip to the supermarket will confirm the prices, so let us look at the other side of the equation. We have 14 plus million people unemployed. We have another 6 million underemployed which means stagnant to lower wages with everyone else other than the rich in the same boat. The only reason no one has reached this conclusion is because it looks different than the 1970s version of stagflation.
STAGFLATION MILENNIUM
One of the disguises is from the food industry. They feel the price increases, but they choose to hold them as a "cost bubble." They have limited their price increases, but they have resorted to one of their favorite tricks, size.
In Food It Matters.
They present the same size can, package or box, however if you look closer you will see that it contains less product. The 16 ounce can now only has 12 ounces of product which in my math is 25% less and there is your cost bubble. They also have utilized the discount stores with oversize packaging. You buy in bulk. It is great for them because they sell more product whether you need that much or not and they only have to ship it in one size which lowers their cost.
The government uses the Fed in the same way. They need money and no one will buy their bonds except the Fed who prints more money which dilutes the purchasing power of our dollar and this is stealing. In fact, even if you use their cheating, lying figures that the government releases for your future retirement, this is the bottom line: For every $100,000 that you save, in ten years, it will only purchase $77,000. The reality is inflation is over 9% which lowers your $100k down to $37K. How do you like that math? The dollar has fallen 66% in relation to the Euro since 2002. That is why we need to End the Fed!
Final Comundrum
When you add the unfunded liabilities like social security with its 77 million baby boomers, Medicare, Freddie&Fannie Mae and all the rest to the present deficit, it is clear that we are the worst nation on earth and no one will help us. Keep in mind that the Euro idea is to combat the U.S. in world trade. It is in our best interest that it fails along with all the other emerging nations who at the moment are making plans to replace the dollar as the worlds reserve currency. No one is our friend in reality. Globalization is a lie that promotes the outsoucing of jobs, ruins our standard of living and destroys our dollar.We may need world trade is some things and instances like resourced starved nations, food shortages, however no one needs to make something that you can make yourself. If we allow the two corrupt political parties to maintain their power structure, we are doomed to suffer a decade of stagflation and things will only get worse. We need to end the Fed! We need to form a new political party that represents the thinking of Jefferson and Madison. We need to Evolve Our Democracy.
LIARS and CROOKS: The Fed who will give us more suffering as on Halloween Night this year our debt will surpass our GDP. Our government gives treats to the rich and tricks to the rest of us.
Saturday, October 29, 2011
Saturday, October 22, 2011
Financial's Rally on Voodoo=LIARS and CROOKS
The bulls engineered a winning streak of four weeks in a row on the stock market. This weeks earnings in the financial sector highlighted the rally, although one of their biggest guns, Goldman Sachs reported a loss. It didn't matter. The sector led the charge and awaits the news across the pond on the euro bailout. If the Europeans do like our Fed, this rally will continue.
He who pays the Singer, calls the Song
And what does the Fed do, pray tell? It is one of the complaints that I mention in my unpublished book, THE EVOLUTION OF DEMOCRACY: the Book of Multiple Ideas and Predictions(cheap plug). In it I mention that one of the problems with gold even when we were on the gold standard was that gold does not pay any interest. I offered the idea that we should have written a law stating that banks had to accept our gold and pay interest on it in the same relationship as if it was paper money. The concept continues to say that the very same banks could get credit with this gold as a temporary solution if a question were to arise on the banks credit worthiness. They could add the gold deposits to their leverage and buy time to actually purchase their own gold. I also offered the idea that foreign governments should not be allowed to exchange their credits for our gold even though the exchange ability would always exist for our citizens. My thinking is that their economies are fiat and therefore not fair to exchange on a dollar-per-dollar basis. I think that the Chinese have read enough of my articles to gleam this idea and they might use it some day. In any case back to the rally last week. Bank of America reported a big profit and the stock popped, however this is how fiat central bankers play tricks on evaluations. They allowed Bank of America and all the other banks to use an accounting voodoo to balance their books. Let me give you an example that you all can understand.
Selling Your Home
You paid x amount of dollars, however the financial crisis has lowered the prices for homes in your area. You could be under water or economically just fine, it doesn't matter. What matters is what the market is paying for homes in your area at the moment. You can ask whatever you want, but reality is what someone will pay and that is the bottom line. Now, Bank of America as well as as all the other banks hold mortgages in their books for these very same homes in your area and mine. Many of these homes are delinquent and many more are under water along with the rest of us who are up to date on our mortgage. The government and the Fed allows these banks to self value the asset value of these mortgages. Bank of America said they were worth way more than the market evaluations of the same properties. Where is accountability? This is a lie which corresponds to the same lie of fiat money. It is based on trust and confidence of the American system. It is not backed by some tangible asset like gold to go along with the American system. The government is trying to win the confidence of the stock market which it hopes will sway the public. Yeah, but will it stop the falling values of homes? Will it find you a livable paying job? They write the rules that allow them to control the system, however the same system in Europe tells you that socialist capitalism does not work unless your currency is strong and their currency is a lie.
Speaking of Lies. This weeks Liars and Crooks goes to Citigroup who paid $285 million dollar fine this week in relationship to their dealings with financial assets during the financial crisis. They packaged mortgage securities that they knew were worthless and in fact they made bets against these same securities on the side. I ask this question. If they were found guilty of deceit or failure of fiduciary obligations to which a citizen would lose their license besides the fine, why are they allowed to be still in business? It is not just them. There are countless cases in the books where people died from bad drugs, poisoned water, et al, and yet, these same companies are allowed to continue operations without a civil obligation to the public. These companies don't argue the accusation, they just pay the fine whereas a citizen would be put in jail under a felony and his business closed. They write the rules for themselves and not what is fair and just. Occupy Wall Street here is a focal point for your anger. End the Fed!
He who pays the Singer, calls the Song
And what does the Fed do, pray tell? It is one of the complaints that I mention in my unpublished book, THE EVOLUTION OF DEMOCRACY: the Book of Multiple Ideas and Predictions(cheap plug). In it I mention that one of the problems with gold even when we were on the gold standard was that gold does not pay any interest. I offered the idea that we should have written a law stating that banks had to accept our gold and pay interest on it in the same relationship as if it was paper money. The concept continues to say that the very same banks could get credit with this gold as a temporary solution if a question were to arise on the banks credit worthiness. They could add the gold deposits to their leverage and buy time to actually purchase their own gold. I also offered the idea that foreign governments should not be allowed to exchange their credits for our gold even though the exchange ability would always exist for our citizens. My thinking is that their economies are fiat and therefore not fair to exchange on a dollar-per-dollar basis. I think that the Chinese have read enough of my articles to gleam this idea and they might use it some day. In any case back to the rally last week. Bank of America reported a big profit and the stock popped, however this is how fiat central bankers play tricks on evaluations. They allowed Bank of America and all the other banks to use an accounting voodoo to balance their books. Let me give you an example that you all can understand.
Selling Your Home
You paid x amount of dollars, however the financial crisis has lowered the prices for homes in your area. You could be under water or economically just fine, it doesn't matter. What matters is what the market is paying for homes in your area at the moment. You can ask whatever you want, but reality is what someone will pay and that is the bottom line. Now, Bank of America as well as as all the other banks hold mortgages in their books for these very same homes in your area and mine. Many of these homes are delinquent and many more are under water along with the rest of us who are up to date on our mortgage. The government and the Fed allows these banks to self value the asset value of these mortgages. Bank of America said they were worth way more than the market evaluations of the same properties. Where is accountability? This is a lie which corresponds to the same lie of fiat money. It is based on trust and confidence of the American system. It is not backed by some tangible asset like gold to go along with the American system. The government is trying to win the confidence of the stock market which it hopes will sway the public. Yeah, but will it stop the falling values of homes? Will it find you a livable paying job? They write the rules that allow them to control the system, however the same system in Europe tells you that socialist capitalism does not work unless your currency is strong and their currency is a lie.
Speaking of Lies. This weeks Liars and Crooks goes to Citigroup who paid $285 million dollar fine this week in relationship to their dealings with financial assets during the financial crisis. They packaged mortgage securities that they knew were worthless and in fact they made bets against these same securities on the side. I ask this question. If they were found guilty of deceit or failure of fiduciary obligations to which a citizen would lose their license besides the fine, why are they allowed to be still in business? It is not just them. There are countless cases in the books where people died from bad drugs, poisoned water, et al, and yet, these same companies are allowed to continue operations without a civil obligation to the public. These companies don't argue the accusation, they just pay the fine whereas a citizen would be put in jail under a felony and his business closed. They write the rules for themselves and not what is fair and just. Occupy Wall Street here is a focal point for your anger. End the Fed!
Saturday, October 15, 2011
Bernanke Law, Holder's Law,Interesting Facts=LIARS and CROOKS
Didn't make it down to Wall St. to support and work with the protesters because I don't have a printer, however I will work on it. Nevertheless our Federal Reserve and its lead singer, Helicopter Ben supplied fresh ammunition on why the Fed should be terminated. Arnold is back making movies and this would be the biggest blockbuster in the sequence of the deadly robot flicks. I can picture it, "Arnold Terminates The Fed." Until then, this is the present. According to the Financial Service Regulatory Relief Act of 2006, the Federal Reserve cannot pay more than the general going rate in the market based on the Treasury Bill. The Fed under Bernanke have been paying banks to sit its short-term reserves with the Fed at .25% which is 25 times the amount of the three month treasury bill which pays interest at .01%. This is another example of SOCIALISM for the banking industry.
GUN SALES TO MEXICO
were approved by the Justice Department and the BATF. These are automatic weapons and they were sold to bidders who included street gangs and drug cartel members. Immediately, the Attorney General denied the knowledge of the "Fast and Furious" sale program, however CBS News reported that they have a memo from a local agent questioning the sales program and it is addressed to the attorney general. Yeah, I'm innocent until proven guilty, but I bet that they didn't arrest Holder.
For the WALL ST. PROTESTERS
Here is something to give you some direction. It is a great quote by Joseph Sobran,"Politics is the conspiracy of the unproductive but organized against the productive but unorganized."
All of the above fall into our category of LIARS and CROOKS including these facts: the percentage of millionaires in Congress is 50 times greater than the general population. That spells class warfare as the rich only do for the rich which explains everything. Since 1913 when the Fed was founded our national debt has exploded 4700 times higher than it was before the Fed. I heard Mitt Romney was going to get tough with China on trade if he is elected president. As of now, our biggest export to China is scrap and trash. What is he going to do, add do-do in a brown bag along with the other junk? At least the issue is on the table and we all should be thankful for that improvement.
GUN SALES TO MEXICO
were approved by the Justice Department and the BATF. These are automatic weapons and they were sold to bidders who included street gangs and drug cartel members. Immediately, the Attorney General denied the knowledge of the "Fast and Furious" sale program, however CBS News reported that they have a memo from a local agent questioning the sales program and it is addressed to the attorney general. Yeah, I'm innocent until proven guilty, but I bet that they didn't arrest Holder.
For the WALL ST. PROTESTERS
Here is something to give you some direction. It is a great quote by Joseph Sobran,"Politics is the conspiracy of the unproductive but organized against the productive but unorganized."
All of the above fall into our category of LIARS and CROOKS including these facts: the percentage of millionaires in Congress is 50 times greater than the general population. That spells class warfare as the rich only do for the rich which explains everything. Since 1913 when the Fed was founded our national debt has exploded 4700 times higher than it was before the Fed. I heard Mitt Romney was going to get tough with China on trade if he is elected president. As of now, our biggest export to China is scrap and trash. What is he going to do, add do-do in a brown bag along with the other junk? At least the issue is on the table and we all should be thankful for that improvement.
Saturday, October 8, 2011
Recent Predictions, Mkt. Selloff Pt-2...LIARS and CROOKS
Did I call the bounce? You betcha! Now, I see a quick reversal down to 1100 S&P and as always, check the volume at that swing point. This is probably going to be a quick and short trip down because among many factors it is earning season. You must "always" remember that the market is biased to the up-side. The effects of earning season along with company guidance will probably cause many knee jerk reactions, but again, to the up-side. At this time I would also quantify my call on the bounce. The S&P did not reach my minimum estimate of 1180 and the Dow transports did not reach 4600. This is a warning signal that the range which is what you should be playing is changing. This adds to a forecast of a mixed and dangerous market. The overall trend is still down, but a strong earning season will cause another sharp bounce up. I think that the best strategy is to hold off and see how the market looks after some positive and negative earning reports. Patience is a virtue which very few possess. I know I was looking at the computer too much and it played havoc on my emotions. St.Theresa where are you?
OCCUPY WALL ST.
Instead of looking at my computer I should have set my stop and went down to Wall St. to support the protestors. I'm thinking of going down there next week if they are still keeping the struggle front and center. Who better to give direction, but yours truly. I'm thinking of taking a chance and offering them one chapter of my work for guidance. Maybe they will get in my corner. I find a publisher and then, I could afford to fight for America and our citizens. Nevertheless, I did see on the news another one of my predictions is beginning. The first stone was thrown by the police lowering their batons on the heads of some protestors. Once a rock is thrown, it cannot stop the next one. My prediction of cannibalization is on the horizon. There was also another incident with pepper spray, however cooler heads have prevailed for the moment...
LIARS and CROOKS:Under Title Code 31 of the U.S. Code requires an annual physical inventory of our gold, however the U.S.Mint and Treasury Dept. have refused to allow it. This has been going on a very long time. In fact, the Congressman of Kentucky where Fort Knox and our gold is supposedly kept was notified by a resident of his state that truckloads was seen leaving the fort at odd hours of the night. He requested an investigation and he was stonewalled. In another incident in October of 2001 an Asian gold refinery received a gold shipment of 60 metric tons, however after being checked, many bars did not contain gold, but had gold plate over tungston. Tungston has the same weight per size as gold and this has fooled many people many times. In this case the Chinese noted that the gold had a stamp on the bar that showed it had originated from Fort Knox. How about asking Geithner the next time he appears before Congress? End the Fed! Sebastian
OCCUPY WALL ST.
Instead of looking at my computer I should have set my stop and went down to Wall St. to support the protestors. I'm thinking of going down there next week if they are still keeping the struggle front and center. Who better to give direction, but yours truly. I'm thinking of taking a chance and offering them one chapter of my work for guidance. Maybe they will get in my corner. I find a publisher and then, I could afford to fight for America and our citizens. Nevertheless, I did see on the news another one of my predictions is beginning. The first stone was thrown by the police lowering their batons on the heads of some protestors. Once a rock is thrown, it cannot stop the next one. My prediction of cannibalization is on the horizon. There was also another incident with pepper spray, however cooler heads have prevailed for the moment...
LIARS and CROOKS:Under Title Code 31 of the U.S. Code requires an annual physical inventory of our gold, however the U.S.Mint and Treasury Dept. have refused to allow it. This has been going on a very long time. In fact, the Congressman of Kentucky where Fort Knox and our gold is supposedly kept was notified by a resident of his state that truckloads was seen leaving the fort at odd hours of the night. He requested an investigation and he was stonewalled. In another incident in October of 2001 an Asian gold refinery received a gold shipment of 60 metric tons, however after being checked, many bars did not contain gold, but had gold plate over tungston. Tungston has the same weight per size as gold and this has fooled many people many times. In this case the Chinese noted that the gold had a stamp on the bar that showed it had originated from Fort Knox. How about asking Geithner the next time he appears before Congress? End the Fed! Sebastian
Sunday, September 25, 2011
A Quick Primer on Market Selloff...LIARS and CROOKS
There are a lot of dichotomies within the stock market that affect its direction from either bears or bulls. The two groups have two groupings within each. There are those who follow the fundamentals of a company. Are sales up? Profit margins? Future demands? Who did the S&P downgrade? At the moment the European financial crisis affects their decisions along with the emerging markets led by China. The other side are technicians who make their decisions by looking at charts, irregardless of the company. There is one common denominator for both: market trend which could be up, down or sideways. I can tell you. It is down.
Gospel
The market direction is the first thing you need to know before you make a market decision. If you already have a position in a company, it breaks down to your situation like taxes, are you under water, is the dividend too important to lose if you sell. These things are personal and I won't delve on them.
The recent sell off actually began last March when the market corrected. It did this on high volume.
Gospel according to JFL
Volume in my estimation is one of the most important aspects of the market. People can say whatever they want about the market. It is rigged. It's a racket. It's only for the rich and insiders. Whatever! Volume will show you everything because it includes everybody. You can beat the big guys by learning candlestick charting with volume indicators. Institutions are like hugh ships. They cannot turn on a dime. Think Titanic. Whether selling or buying, they have to move millions of shares which can change the direction of any stock. You and I only have a few shares to sell or buy. Individuals do not cause a change in market trends. Institutions do. This takes us to the point.
MONEYBALL
It is the same concept from the movie. It is something that I have mentioned many times. Everything has a range. Personally, I follow gold on principle. I follow oil because it is a necessity. Food is just as important except I don't know enough to make money in the market from it. In any case, I track oil companies with charting. I record the volume at high and low closing, looking to find the "sweet spot" for my entry. When a company hits the bottom of its range, I buy. I sell before it comes close to its top in down markets like today. I do the opposite in up markets. You can make more money in markets today because you can play the volatility quicker than the big boys. You just have to be patient and go a little at a time. Do not go "all in."
What To Expect
The market will bounce next week. Why? The market hit its low in 2009 on the S&P with almost 4 billion shares trading. Last week the market could not even reach 2 billion shares trading. This volume amount translates into telling you that less than half of the market believes in this downturn. Bottom line: if the upward bounce can get momentum it would be like Mariano Rivera putting out the fire with a save. However, if the volume is not strong, then the market will retest last weeks low of 1100 on the S&P. I think it will break through to test the next support range at 1020 S&P. At that point we get to play the whole scenario again with volume being the real answer. Go! Make some money.
LIARS and CROOKS: How about government spending? Obama says he has a plan. The Republicans say they have a plan. This is reality. They both lie!
The Inspector General did a research on some of the spending habits of the Justice Department, concentrating on food costs. This report includes the Bush administration as well as the Obama's. The inspector found excess everywhere. In 2008 under President Bush, they spent $47.8 million on food. In 2009 under President Obama, they spent $73.3 million on food. Who are they feeding? Nothing like spending other peoples money with no accountability. For example, they would have a snack during a conference and have some popcorn at $32 a pop, soda at $12 a glass or a candy bar at $16 apiece. Cut costs! Leadership! BS is more like it.
Gospel
The market direction is the first thing you need to know before you make a market decision. If you already have a position in a company, it breaks down to your situation like taxes, are you under water, is the dividend too important to lose if you sell. These things are personal and I won't delve on them.
The recent sell off actually began last March when the market corrected. It did this on high volume.
Gospel according to JFL
Volume in my estimation is one of the most important aspects of the market. People can say whatever they want about the market. It is rigged. It's a racket. It's only for the rich and insiders. Whatever! Volume will show you everything because it includes everybody. You can beat the big guys by learning candlestick charting with volume indicators. Institutions are like hugh ships. They cannot turn on a dime. Think Titanic. Whether selling or buying, they have to move millions of shares which can change the direction of any stock. You and I only have a few shares to sell or buy. Individuals do not cause a change in market trends. Institutions do. This takes us to the point.
MONEYBALL
It is the same concept from the movie. It is something that I have mentioned many times. Everything has a range. Personally, I follow gold on principle. I follow oil because it is a necessity. Food is just as important except I don't know enough to make money in the market from it. In any case, I track oil companies with charting. I record the volume at high and low closing, looking to find the "sweet spot" for my entry. When a company hits the bottom of its range, I buy. I sell before it comes close to its top in down markets like today. I do the opposite in up markets. You can make more money in markets today because you can play the volatility quicker than the big boys. You just have to be patient and go a little at a time. Do not go "all in."
What To Expect
The market will bounce next week. Why? The market hit its low in 2009 on the S&P with almost 4 billion shares trading. Last week the market could not even reach 2 billion shares trading. This volume amount translates into telling you that less than half of the market believes in this downturn. Bottom line: if the upward bounce can get momentum it would be like Mariano Rivera putting out the fire with a save. However, if the volume is not strong, then the market will retest last weeks low of 1100 on the S&P. I think it will break through to test the next support range at 1020 S&P. At that point we get to play the whole scenario again with volume being the real answer. Go! Make some money.
LIARS and CROOKS: How about government spending? Obama says he has a plan. The Republicans say they have a plan. This is reality. They both lie!
The Inspector General did a research on some of the spending habits of the Justice Department, concentrating on food costs. This report includes the Bush administration as well as the Obama's. The inspector found excess everywhere. In 2008 under President Bush, they spent $47.8 million on food. In 2009 under President Obama, they spent $73.3 million on food. Who are they feeding? Nothing like spending other peoples money with no accountability. For example, they would have a snack during a conference and have some popcorn at $32 a pop, soda at $12 a glass or a candy bar at $16 apiece. Cut costs! Leadership! BS is more like it.
Saturday, September 17, 2011
Census Report proves the LIE of Free Trade...Liars and CROOKS
The US Census Department released some cold facts about life in our country. We all knew unemployment caused suffering and I stated the consequences in many past articles. Numbers can be twisted to meet any criteria and statist play games with them to hide the truth like in the CPI. These numbers cannot be massaged.
POVERTY in AMERICA
According to the report there are 46.2 million people living in poverty in America, and yet, Republicans complain about social programs for the poor as the reason for our national debt. It is not those programs to which I realize there is fraud and needs better accountability. It is the military waste that causes us severe debt, however with this knowledge in hand, I agree with those Republicans and Tea Party people that we cannot afford foreign aid any longer. We need it HERE!
PERSPECTIVE
The following list of countries come from every continent and we beat them all in NOT caring for our citizens.
A for Australia. It has 21.5 million souls and we have more in poverty than their in tire population.
How about the two wars, Iraq and Afghanistan? Iraq has 29.6 million and Afghanistan has 29.1 people and we spend more on them than on ourselves.
Greece is in the news for debt problems. Their whole country has 10.7 million and we have four times as many people with problems. One in six people go to bed hungry here and that is four times as many as the whole of Hungry with 9.8 million.
We hear there is poverty in South America. We send aid, but Brazil is rising as well as Chile with 16.7 million going to bed warm while ours can't afford heat.(22 percent of our children are in poverty levels.)
We buy a lot of junk from Asia. The lie of free trade steals all our jobs which is the root of poverty. S.Korea gets their share for there 48.6 million, but we have 49.2 million without health insurance and another 46 million on food stamps.
Libya, as well as many other Arab nations are revolting in the Arab Spring. The stock market cannot wait to get its hands on Libya's oil and I'm sure that the 6.4 million will be better off without their dictator and a new way of life. Hope you don't get the democracy that we have: run by the rich who only do things for the rich.
Finally, closer to home, after all we are their biggest trading partner. Yes, Oh Canada! There 33.7 million all have health insurance and yes, we have more in poverty than their in tire country. Those are some sobering facts and they are getting worse, The 2010 census report showed the poverty rate in America at 15.1 percent, up from 2009 at 14.3 percent. This was the third consecutive year of increases and the total of 46.2 million is the largest record since the reports were published.
LIARS and CROOKS: George Bush in 2001 in his first State of the Union address pledged that our nation would be debt free in ten years under his administration. In fact, the Congressional Budget Office(CBO)in that same year stated that we would have a surplus in relationship to the Bush leadership of $5.6 trillion at that time. So much for the nonpartisan group and the Republicans. This was a $12 trillion dollar fumble. Experts!..and I can't get my book published. Bottom line: cost our nation $6.5 trillion in the RED
That was the week that was. The stock market rallied up 700 points despite the fact that unemployment claims increased, the census report on poverty, the European crisis was front and center, a roque trader scandal, foreclosures increased in August and awful retail sales report. Shows you who butters their bread. The Fed meets next week. End the Fed! JFL.
POVERTY in AMERICA
According to the report there are 46.2 million people living in poverty in America, and yet, Republicans complain about social programs for the poor as the reason for our national debt. It is not those programs to which I realize there is fraud and needs better accountability. It is the military waste that causes us severe debt, however with this knowledge in hand, I agree with those Republicans and Tea Party people that we cannot afford foreign aid any longer. We need it HERE!
PERSPECTIVE
The following list of countries come from every continent and we beat them all in NOT caring for our citizens.
A for Australia. It has 21.5 million souls and we have more in poverty than their in tire population.
How about the two wars, Iraq and Afghanistan? Iraq has 29.6 million and Afghanistan has 29.1 people and we spend more on them than on ourselves.
Greece is in the news for debt problems. Their whole country has 10.7 million and we have four times as many people with problems. One in six people go to bed hungry here and that is four times as many as the whole of Hungry with 9.8 million.
We hear there is poverty in South America. We send aid, but Brazil is rising as well as Chile with 16.7 million going to bed warm while ours can't afford heat.(22 percent of our children are in poverty levels.)
We buy a lot of junk from Asia. The lie of free trade steals all our jobs which is the root of poverty. S.Korea gets their share for there 48.6 million, but we have 49.2 million without health insurance and another 46 million on food stamps.
Libya, as well as many other Arab nations are revolting in the Arab Spring. The stock market cannot wait to get its hands on Libya's oil and I'm sure that the 6.4 million will be better off without their dictator and a new way of life. Hope you don't get the democracy that we have: run by the rich who only do things for the rich.
Finally, closer to home, after all we are their biggest trading partner. Yes, Oh Canada! There 33.7 million all have health insurance and yes, we have more in poverty than their in tire country. Those are some sobering facts and they are getting worse, The 2010 census report showed the poverty rate in America at 15.1 percent, up from 2009 at 14.3 percent. This was the third consecutive year of increases and the total of 46.2 million is the largest record since the reports were published.
LIARS and CROOKS: George Bush in 2001 in his first State of the Union address pledged that our nation would be debt free in ten years under his administration. In fact, the Congressional Budget Office(CBO)in that same year stated that we would have a surplus in relationship to the Bush leadership of $5.6 trillion at that time. So much for the nonpartisan group and the Republicans. This was a $12 trillion dollar fumble. Experts!..and I can't get my book published. Bottom line: cost our nation $6.5 trillion in the RED
That was the week that was. The stock market rallied up 700 points despite the fact that unemployment claims increased, the census report on poverty, the European crisis was front and center, a roque trader scandal, foreclosures increased in August and awful retail sales report. Shows you who butters their bread. The Fed meets next week. End the Fed! JFL.
Monday, September 5, 2011
$5,000 GOLD!...LIARS and CROOKS
Labor Day 2011 and you can put down this prediction by Sebastian. I believe he is correct and the reason for this is all the talk about gold being in a bubble. When discussing aspects of life one must remember that everything has a range to it. If your favorite ballplayer is hitting below .250 and he is a lifetime 300 hitter, well, he is due to get hot and go from this low range to his normal level which while doing, he will perform at a even higher level. In the stock market charting affords you a quick viewing of a stocks performance and candlestick's give you a even better perception of near term expectations. Both help you decide what range a particular issue is in and moving(its trend). Personally, I like to include fundamentals to the technical to direct my investment dicisions.
Why Gold?
Now, let us talk about gold. The fundamentals should be well known by this time. It is written into our constitution as our money which is violated by the Fed who has repeatedly flooded the market with paper devalueing the purchasing power of our dollar. The other aspects of gold as an investment, jewelery and commercial are more individual choices and I do not include them in my fundamental reasoning.
40th Anniversary
The technical aspects of gold is how I reached the conclusion of $5,000 gold. It is the percentage range of this commodity. If you look at the historical range when the US was on the gold standard and you could convert your dollars for gold(this is the 40th anniversary of the Nixon Shock)in August 1971, gold was artificially fixed at $35 per ounce. When it was freed, it zoomed to over one hundred dollars and continued to rise during the 1970s, beginning a bubble stage in 1979 that saw gold reach $850 an ounce in 1980 before crashing down. Now, if you divide 850 by 35 you get 24.2 times growth exceleration.
Gold began this climb from a price point of $203 per ounce. If you multiply the above figures you reach the predicted price. It will happen.
What (k) price today
For the correct value at this time one needs to look at the most important commodity to gather a price. What, you ask? OIL!
I worked at a Hess station when the first oil embargo struck. Gas went from .31 cents-per-gallon to .61 cents overnight. Today, I'll use a figure of $3.61 per gallon. The range correllation says that the price of gold should be $2,436 per ounce. We got a long way to go before we hit the bubble stage. If you don't like Sebastian's oil model use a candy bar, up 15 times. How about the greatest car ever built for the money, the 1965 Ford Mustang. It sold for $1999 then, and now $24K give or take. How about electricity? Do anything that you are comfortable using, the results speak for themselves.
The Times, Altucker and CNBC
The New York Times missed the dot.com crash. It missed the housing bubble, but it has all its guns shooting at gold saying that it is in a bubble. Folks, gold could correct to $900 per ounce and still be in its uptrend. Do not let the media which backs the Fed rob you of the profits that gold will give you. And then there are the shills like James Altucker who stated,"gold is just another fiat currency." This ding-dong does not even know the difference between paper(fiat) and gold(commodity) which limits debt. It reminds me that Ron Paul recently asked Chairman Bernanke if gold was money? He said, "NO!" Finally, another clown on CNBC, I forgot his name and it does not deserve to be remembered, stated that gold is in a bubble. I hope that they mention this article and pick on me because I could use the publicity.
LIARS and CROOKKS: This week goes to Professor Haresh Sapea of the University of Chicago Booth School of Business. He wrote an article that stated that more transparency in accounting which means more truth is harmful to the stock market because it will distort it. Yeah, it will bring evaluations to their proper level and for that moment add volativity to the market until the correct level is attained. According to this professor a little lie won't hurt. ...and I can't get my book published. Right!
Why Gold?
Now, let us talk about gold. The fundamentals should be well known by this time. It is written into our constitution as our money which is violated by the Fed who has repeatedly flooded the market with paper devalueing the purchasing power of our dollar. The other aspects of gold as an investment, jewelery and commercial are more individual choices and I do not include them in my fundamental reasoning.
40th Anniversary
The technical aspects of gold is how I reached the conclusion of $5,000 gold. It is the percentage range of this commodity. If you look at the historical range when the US was on the gold standard and you could convert your dollars for gold(this is the 40th anniversary of the Nixon Shock)in August 1971, gold was artificially fixed at $35 per ounce. When it was freed, it zoomed to over one hundred dollars and continued to rise during the 1970s, beginning a bubble stage in 1979 that saw gold reach $850 an ounce in 1980 before crashing down. Now, if you divide 850 by 35 you get 24.2 times growth exceleration.
Gold began this climb from a price point of $203 per ounce. If you multiply the above figures you reach the predicted price. It will happen.
What (k) price today
For the correct value at this time one needs to look at the most important commodity to gather a price. What, you ask? OIL!
I worked at a Hess station when the first oil embargo struck. Gas went from .31 cents-per-gallon to .61 cents overnight. Today, I'll use a figure of $3.61 per gallon. The range correllation says that the price of gold should be $2,436 per ounce. We got a long way to go before we hit the bubble stage. If you don't like Sebastian's oil model use a candy bar, up 15 times. How about the greatest car ever built for the money, the 1965 Ford Mustang. It sold for $1999 then, and now $24K give or take. How about electricity? Do anything that you are comfortable using, the results speak for themselves.
The Times, Altucker and CNBC
The New York Times missed the dot.com crash. It missed the housing bubble, but it has all its guns shooting at gold saying that it is in a bubble. Folks, gold could correct to $900 per ounce and still be in its uptrend. Do not let the media which backs the Fed rob you of the profits that gold will give you. And then there are the shills like James Altucker who stated,"gold is just another fiat currency." This ding-dong does not even know the difference between paper(fiat) and gold(commodity) which limits debt. It reminds me that Ron Paul recently asked Chairman Bernanke if gold was money? He said, "NO!" Finally, another clown on CNBC, I forgot his name and it does not deserve to be remembered, stated that gold is in a bubble. I hope that they mention this article and pick on me because I could use the publicity.
LIARS and CROOKKS: This week goes to Professor Haresh Sapea of the University of Chicago Booth School of Business. He wrote an article that stated that more transparency in accounting which means more truth is harmful to the stock market because it will distort it. Yeah, it will bring evaluations to their proper level and for that moment add volativity to the market until the correct level is attained. According to this professor a little lie won't hurt. ...and I can't get my book published. Right!
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