Friday, October 26, 2007
10/26 The Downward Trend Is Unstoppable by J. R. Nyquist
A must read, check it out at ; Financial Sense Uncommon News and Views for the Wise Invester. financialsense.com
Saturday, October 20, 2007
John Galt 10-20-07
10.20.07What is the meaning of today’s markets and geopolitical events?Posted in Old Posts at 1:04 am by Administrator
I’m going to leave this rant short and sweet as it’s been a long three week period for moi and wow, what a nightmare. The economy in Florida is basically in total collapse. Not only do I sell now, but I get to make collection calls and they are increasing in number and dollar amount. When you start seeing the subcontractors bugging out, that’s a sign we are heading into Phase 2 of our typical Florida housing crash. That means we have 24-36 months to go. So what did the events of the markets today, and this week for that matter, plus the geopolitical storm mean?
First, the stock markets are lagging indicators right now. The refusal to put the garbage on their books out for everyone to see and let the markets decide means that the game of hide and seek must continue. The execs have to keep the illusion up through Thanksgiving to get their Christmas bonuses, but I don’t see it happening. There is a very good chance that next week, we could witness a major negative market event. I fear that the total collapse of the ABX and other commercial paper markets will cause another freeze up in the exchanges and will destroy the international credit system with us shipping the garbage out and the rest of the world repatriating dollars back in exchange. Now they are not participating and this weeks TIC report indicates to me that without the hedgies (Pirates of the Caribbean) and the U.K. (who has to participate because their banking system is married to ours) we would have witnessed a massive monetization of our debt. Instead, we are witnessing a back door acquisition by the Fed, using their laundry facilities in the Caymans. A lot will depend on the idiocy to be uttered at the end of the G7 meetings and if they call for a new currency structure (my guess) is uttered, then Sunday night could be an Asian tsunami of dollar liquidation. Keep in mind that when I say dollar liquidation, I’m not just talking the currency folks; I mean ALL dollar denominated assets including our equities and treasury garbage. The number to watch is 76.85 on the USD Index and 1485 on the S&P 500 cash index. If we violate those with volume on Monday, then we could see a rather dark day, that day. There is no chance the ChiComs or Fed can bail this puppy out and there may not be a desire to and instead scare everyone by painting the swan.
Next, the wild cards of Israel, Turkey, Russia, China and Pakistan will play prominently. We are well within our window of concern about moves being made against us or our allies. Any violence or change in dramatic strategic positions by the big boys, then not only could we see our financial markets touched off, we could see a play by our enemies inside the U.S. and overseas.
Pay attention, alert and prepared. Please.
I’m going to leave this rant short and sweet as it’s been a long three week period for moi and wow, what a nightmare. The economy in Florida is basically in total collapse. Not only do I sell now, but I get to make collection calls and they are increasing in number and dollar amount. When you start seeing the subcontractors bugging out, that’s a sign we are heading into Phase 2 of our typical Florida housing crash. That means we have 24-36 months to go. So what did the events of the markets today, and this week for that matter, plus the geopolitical storm mean?
First, the stock markets are lagging indicators right now. The refusal to put the garbage on their books out for everyone to see and let the markets decide means that the game of hide and seek must continue. The execs have to keep the illusion up through Thanksgiving to get their Christmas bonuses, but I don’t see it happening. There is a very good chance that next week, we could witness a major negative market event. I fear that the total collapse of the ABX and other commercial paper markets will cause another freeze up in the exchanges and will destroy the international credit system with us shipping the garbage out and the rest of the world repatriating dollars back in exchange. Now they are not participating and this weeks TIC report indicates to me that without the hedgies (Pirates of the Caribbean) and the U.K. (who has to participate because their banking system is married to ours) we would have witnessed a massive monetization of our debt. Instead, we are witnessing a back door acquisition by the Fed, using their laundry facilities in the Caymans. A lot will depend on the idiocy to be uttered at the end of the G7 meetings and if they call for a new currency structure (my guess) is uttered, then Sunday night could be an Asian tsunami of dollar liquidation. Keep in mind that when I say dollar liquidation, I’m not just talking the currency folks; I mean ALL dollar denominated assets including our equities and treasury garbage. The number to watch is 76.85 on the USD Index and 1485 on the S&P 500 cash index. If we violate those with volume on Monday, then we could see a rather dark day, that day. There is no chance the ChiComs or Fed can bail this puppy out and there may not be a desire to and instead scare everyone by painting the swan.
Next, the wild cards of Israel, Turkey, Russia, China and Pakistan will play prominently. We are well within our window of concern about moves being made against us or our allies. Any violence or change in dramatic strategic positions by the big boys, then not only could we see our financial markets touched off, we could see a play by our enemies inside the U.S. and overseas.
Pay attention, alert and prepared. Please.
Sunday, August 26, 2007
Generally Speaking 8-26-07
The doomsayers are out in greater numbers than ever...and from every area in the news.
The troop surge is working in Iraq BUT the political side is failing so it doesn't matter, they say. They said just the opposite when the military side wasn't doing so well but the political side was running smoothly.
The sky is falling on the stock market they say. The market shot up over a thousand points in what, a little over a month? Has it ever rocketed up and not "corrected" soon afterward in a big way?
The housing market is crashing due to abhorrent misuse of the sub prime mortgage lenders. This one they are correct about except that the boom was created by the same factor.
Have you noticed how all broadcast news love a disaster...be it financial, a hurricane, flooding , fire, murder (big or small) and lately mine cave ins. Did you know if we reported on mine deaths (cave in or accident) in China it would be daily news and in greater numbers than we have seen in the past few years. It is far safer to be a policeman or a stunt man in China than a coal miner. Oh, and our biggest trading partner still uses slave labor in many industries...the government rents them out...just like the Nazis. Of course, with Americas materialism if the Nazis were still around, and had the lowest prices, we'd buy from them. If you doubt any of this wander around just about any store and find something made in the U.S.A. It's getting pretty scary. My political science teacher in high school said we would know when the U.S. was failing if we were importing most of our food. Are we there yet?
The troop surge is working in Iraq BUT the political side is failing so it doesn't matter, they say. They said just the opposite when the military side wasn't doing so well but the political side was running smoothly.
The sky is falling on the stock market they say. The market shot up over a thousand points in what, a little over a month? Has it ever rocketed up and not "corrected" soon afterward in a big way?
The housing market is crashing due to abhorrent misuse of the sub prime mortgage lenders. This one they are correct about except that the boom was created by the same factor.
Have you noticed how all broadcast news love a disaster...be it financial, a hurricane, flooding , fire, murder (big or small) and lately mine cave ins. Did you know if we reported on mine deaths (cave in or accident) in China it would be daily news and in greater numbers than we have seen in the past few years. It is far safer to be a policeman or a stunt man in China than a coal miner. Oh, and our biggest trading partner still uses slave labor in many industries...the government rents them out...just like the Nazis. Of course, with Americas materialism if the Nazis were still around, and had the lowest prices, we'd buy from them. If you doubt any of this wander around just about any store and find something made in the U.S.A. It's getting pretty scary. My political science teacher in high school said we would know when the U.S. was failing if we were importing most of our food. Are we there yet?
Saturday, August 25, 2007
The Battle Rages as the Chickens Come Home to Roost By: Tim W. Wood
Market wrap up for Friday August 24
http://www.financialsense.com/index.html
http://www.financialsense.com/index.html
Saturday, August 18, 2007
Syria Has Weapons of Mass Destruction Stockpiles
August 17, 2007
The Trumpet
Syria now has chemical and biological weapons than can strike Tel Aviv and other major Israeli cities, a recent Israeli intelligence report said. However, Defense Minister Ehud Barak has banned the distribution of gas masks in Israel for fear of upsetting the fragile peace with Syria, Israel Insider reports.
Photo: Israeli Defense Minister Ehud Barak won't distribute gas masks in fear of antagonizing Syria to use its weapons. (Jack Guez /AFP/ Getty Images)
Barak said that the distribution of gas masks might give the impression that Israel was preparing for war with Syria and escalate the tense situation between the two countries. Syria attacked Israel in the 1948, 1967 and 1973 wars, and is a sponsor of terrorism.
The move was heavily criticized by many Israeli government officials, and for good reason. Yuval Steinitz, head of Homefront Preparedness in Israel’s Knesset, argued that it is the Defense Minister’s duty to protect civilians from a possible chemical or biological attack and said failure to do so was an egregious error.
Syria has been stockpiling missiles and launchers in and around the Golan Heights area for months, and is reportedly using Iranian money to purchase sophisticated military equipment from Russia and North Korea. “Military sources said intelligence shows Syria was nearing the end of an accelerated deployment of a large rocket arsenal of Katyusha and Scud missiles, including Scud D and other improved missiles supplied by Iran, that can deliver 500-kilogram payloads to Tel Aviv …” the Jerusalem Post said. Many of these missiles can be outfitted with chemical or biological warheads.
The tension between the two sides is so high that some believe even the distribution of gas masks to civilians could push the region over the edge and into war. Still, Israel’s gamble with its citizens’ lives for the sake of showing Damascus it has no intention of attacking could be reasonably interpreted by its enemies as a sign of weakness—and an opportunity. Israel is in an extraordinarily difficult position.
http://www.thetrumpet.com/index.php?page=article&id=3583
The Trumpet
Syria now has chemical and biological weapons than can strike Tel Aviv and other major Israeli cities, a recent Israeli intelligence report said. However, Defense Minister Ehud Barak has banned the distribution of gas masks in Israel for fear of upsetting the fragile peace with Syria, Israel Insider reports.
Photo: Israeli Defense Minister Ehud Barak won't distribute gas masks in fear of antagonizing Syria to use its weapons. (Jack Guez /AFP/ Getty Images)
Barak said that the distribution of gas masks might give the impression that Israel was preparing for war with Syria and escalate the tense situation between the two countries. Syria attacked Israel in the 1948, 1967 and 1973 wars, and is a sponsor of terrorism.
The move was heavily criticized by many Israeli government officials, and for good reason. Yuval Steinitz, head of Homefront Preparedness in Israel’s Knesset, argued that it is the Defense Minister’s duty to protect civilians from a possible chemical or biological attack and said failure to do so was an egregious error.
Syria has been stockpiling missiles and launchers in and around the Golan Heights area for months, and is reportedly using Iranian money to purchase sophisticated military equipment from Russia and North Korea. “Military sources said intelligence shows Syria was nearing the end of an accelerated deployment of a large rocket arsenal of Katyusha and Scud missiles, including Scud D and other improved missiles supplied by Iran, that can deliver 500-kilogram payloads to Tel Aviv …” the Jerusalem Post said. Many of these missiles can be outfitted with chemical or biological warheads.
The tension between the two sides is so high that some believe even the distribution of gas masks to civilians could push the region over the edge and into war. Still, Israel’s gamble with its citizens’ lives for the sake of showing Damascus it has no intention of attacking could be reasonably interpreted by its enemies as a sign of weakness—and an opportunity. Israel is in an extraordinarily difficult position.
http://www.thetrumpet.com/index.php?page=article&id=3583
Friday, August 17, 2007
Generally Speaking
In my opinion the citizens of our country have lost their minds, their memory and their moral direction, not necessarily in that order. Actually, I guess any order will do. You cannot lose any of these three 'M's without adversely effecting the others. And it's not enough just to lose them, we as a Nation have chosen to deny them, to deny that Judeo-Christian moral law had anything to do with our strength and success over these last few centuries. Certainly to deny that it is the foundation upon which we built our country.
With the loss of a moral foundation (abortion on demand, legalized sexual deviants, removing God from our schools) we are now floundering in a sea of uncertainty simply because we are told there is NO ABSOLUTE truths. All truth is subject to the variables of time, place and individual interpretation and therefore there can be no absolute truth. Ever. The scary thing is, if you apply their interruptive truth theory to history then maybe the Nazi's weren’t so wrong and maybe the murder and mayhem that was the dark ages wasn't so hideous. The diversity chant that rocks across our country has destroyed a number of Empires through history. Maybe it's just our turn.
Have you seen the new dollar coin? Try to find "In God we trust" on it.
J.B. Thompson
With the loss of a moral foundation (abortion on demand, legalized sexual deviants, removing God from our schools) we are now floundering in a sea of uncertainty simply because we are told there is NO ABSOLUTE truths. All truth is subject to the variables of time, place and individual interpretation and therefore there can be no absolute truth. Ever. The scary thing is, if you apply their interruptive truth theory to history then maybe the Nazi's weren’t so wrong and maybe the murder and mayhem that was the dark ages wasn't so hideous. The diversity chant that rocks across our country has destroyed a number of Empires through history. Maybe it's just our turn.
Have you seen the new dollar coin? Try to find "In God we trust" on it.
J.B. Thompson
Friday, July 13, 2007
The Destruction of the United States
We know Dick Lamm as the former Governor of Colorado. In that context his thoughts are particularly poignant. Last week there was an immigration overpopulation conference in Washington , DC, filled to capacity by many of America's finest minds and leaders. A brilliant college professor by the name of Victor Hansen Davis talked about his latest book, 'Mexifornia,' explaining how immigration - both legal and illegal was destroying the entire state of California. He said it would march across the country until it destroyed all vestiges of The American Dream.
Moments later, former Colorado Governor Richard D. Lamm stood up and gave a stunning speech on how to destroy America. The audience sat spellbound as he described eight methods for the destruction of the United States. He said, 'If you believe that America is too smug, too self-satisfied, too rich, then let's destroy America. It is not that hard to do. No nation in history has survived the ravages of time. Arnold Toynbee observed that all great civilizations rise and fall and that 'An autopsy of history would show that all great nations commit suicide.''
'Here is how they do it,' Lamm said:
'First , to destroy America, turn America into a bilingual or multi-lingual and bicultural country. History shows that no nation can survive the tension, conflict, and antagonism of two or more competing languages and cultures. It is a blessing for an individual to be bilingual; however, it is a curse for a society to be bilingual. The historical scholar, Seymour Lipset, put it this way: 'The histories of bilingual and bicultural societies that do not assimilate are histories of turmoil, tension, and tragedy.' Canada, Belgium, Malaysia, and Lebanon all face crises of national existence in which minorities press for autonomy, if not independence. Pakistan and Cyprus have divided. Nigeria suppressed an ethnic rebellion. France faces difficulties with Basques, Bretons, and Corsicans.'
Lamm went on: 'Second, to destroy America, invent 'multiculturalism' and encourage immigrants to maintain their culture. Make it an article of belief that all cultures are equal; that there are no cultural differences. Make it an article of faith that the Black and Hispanic dropout rates are due solely to prejudice and discrimination by the majority. Every other explanation is out of bounds.'
'Third, we could make the United States an 'Hispanic Quebec' without much effort. The key is to celebrate diversity rather than unity. As Benjamin Schwarz said in the Atlantic Monthly recently: 'The apparent success of our own multi-ethnic and multicultural experiment might have been achieved not by tolerance but by hegemony. Without the dominance that once dictated ethnocentricity and what it meant to be an American, we are left with only tolerance and pluralism to hold us together.' Lamm said, 'I would encourage all immigrants to keep their own language and culture. I would replace the melting pot metaphor with the salad bowl metaphor. It is important to ensure that we have various cultural subgroups living in America enforcing their differences rather than as Americans, emphasizing their similarities.'
'Fourth, I would make our fastest growing demographic group the least educated. I would add a second underclass, unassimilated, undereducated, and antagonistic to our population. I would have this second underclass have a 50% dropout rate from high school.'
'My fifth point for destroying America would be to get big foundations and business to give these efforts lots of money. I would invest in ethnic identity, and I would establish the cult of 'Victimology.' I would get all minorities to think that their lack of success was the fault of the majority. I would start a grievance industry blaming all minority failure on the majority population.'
'My sixth plan for America's downfall would include dual citizenship, and promote divided loyalties. I would celebrate diversity over unity. I would stress differences rather than similarities. Diverse people worldwide are mostly engaged in hating each other - that is, when they are not killing each other. A diverse, peaceful, or stable society is against most historical precedent. People undervalue the unity it takes to keep a nation together. Look at the ancient Greeks The Greeks believed that they belonged to the same race; they possessed a common language and literature; and they worshipped the same gods. All Greece took part in the Olympic games. A common enemy, Persia, threatened their liberty. Yet all these bonds were not strong enough to overcome two factors: local patriotism and geographical conditions that nurtured political divisions. Greece fell. 'E. Pluribus Unum' -- >From many, one. In that historical reality, if we put the emphasis on the 'pluribus' instead of the 'Unum,' we will balkanize America as surely as Kosovo.'
'Next to last , I would place all subjects off limits. Make it taboo to talk about anything against the cult of 'diversity.' I would find a word similar to 'heretic' in the 16th century - that stopped discussion and paralyzed thinking. Words like 'racist' or 'xenophobe' halt discussion and debate. Having made America a bilingual/bicultural country, having established multi-culturism, having the large foundations fund the doctrine of 'Victimology,' I would next make it impossible to enforce our immigration laws. I would develop a mantra: That because immigration has been good for America, it must always be good. I would make every individual immigrant symmetric and ignore the cumulative impact of millions of them.' In the last minute of his speech, Governor Lamm wiped his brow. Profound silence followed.
Finally he said, 'Lastly , I would censor Victor Hanson Davis's book 'Mexifornia.' His book is dangerous. It exposes the plan to destroy America. If you feel America deserves to be destroyed, don't read that book.'
There was no applause. A chilling fear quietly rose like an ominous cloud above every attendee at the conference Every American in that room knew that everything Lamm enumerated was proceeding methodically, quietly, darkly, yet pervasively across the United States today. Discussion is being suppressed. Over 100 languages are ripping the foundation of our educational system and national cohesiveness. Even barbaric cultures that practice female genital mutilation are growing as we celebrate 'diversity.' American jobs are vanishing into the Third World as corporations create a Third World in America. Take note of California and other states. To date, ten million illegal aliens and growing fast It is reminiscent of George Orwell's book '1984.' In that story, three slogans are engraved in the Ministry of Truth building: 'War is peace,' 'Freedom is slavery,' and 'Ignorance is strength.'
Governor Lamm walked back to his seat. It dawned on everyone at the conference that our nation and the future of this great democracy is deeply in trouble and worsening fast. If we don't get this immigration monster stopped within three years, it will rage like a California wildfire and destroy everything in its path, especially The American Dream.
If you care for and love our country as I do, take the time to pass this
on just as I did for you. NOTHING is going to happen if you don't.
Moments later, former Colorado Governor Richard D. Lamm stood up and gave a stunning speech on how to destroy America. The audience sat spellbound as he described eight methods for the destruction of the United States. He said, 'If you believe that America is too smug, too self-satisfied, too rich, then let's destroy America. It is not that hard to do. No nation in history has survived the ravages of time. Arnold Toynbee observed that all great civilizations rise and fall and that 'An autopsy of history would show that all great nations commit suicide.''
'Here is how they do it,' Lamm said:
'First , to destroy America, turn America into a bilingual or multi-lingual and bicultural country. History shows that no nation can survive the tension, conflict, and antagonism of two or more competing languages and cultures. It is a blessing for an individual to be bilingual; however, it is a curse for a society to be bilingual. The historical scholar, Seymour Lipset, put it this way: 'The histories of bilingual and bicultural societies that do not assimilate are histories of turmoil, tension, and tragedy.' Canada, Belgium, Malaysia, and Lebanon all face crises of national existence in which minorities press for autonomy, if not independence. Pakistan and Cyprus have divided. Nigeria suppressed an ethnic rebellion. France faces difficulties with Basques, Bretons, and Corsicans.'
Lamm went on: 'Second, to destroy America, invent 'multiculturalism' and encourage immigrants to maintain their culture. Make it an article of belief that all cultures are equal; that there are no cultural differences. Make it an article of faith that the Black and Hispanic dropout rates are due solely to prejudice and discrimination by the majority. Every other explanation is out of bounds.'
'Third, we could make the United States an 'Hispanic Quebec' without much effort. The key is to celebrate diversity rather than unity. As Benjamin Schwarz said in the Atlantic Monthly recently: 'The apparent success of our own multi-ethnic and multicultural experiment might have been achieved not by tolerance but by hegemony. Without the dominance that once dictated ethnocentricity and what it meant to be an American, we are left with only tolerance and pluralism to hold us together.' Lamm said, 'I would encourage all immigrants to keep their own language and culture. I would replace the melting pot metaphor with the salad bowl metaphor. It is important to ensure that we have various cultural subgroups living in America enforcing their differences rather than as Americans, emphasizing their similarities.'
'Fourth, I would make our fastest growing demographic group the least educated. I would add a second underclass, unassimilated, undereducated, and antagonistic to our population. I would have this second underclass have a 50% dropout rate from high school.'
'My fifth point for destroying America would be to get big foundations and business to give these efforts lots of money. I would invest in ethnic identity, and I would establish the cult of 'Victimology.' I would get all minorities to think that their lack of success was the fault of the majority. I would start a grievance industry blaming all minority failure on the majority population.'
'My sixth plan for America's downfall would include dual citizenship, and promote divided loyalties. I would celebrate diversity over unity. I would stress differences rather than similarities. Diverse people worldwide are mostly engaged in hating each other - that is, when they are not killing each other. A diverse, peaceful, or stable society is against most historical precedent. People undervalue the unity it takes to keep a nation together. Look at the ancient Greeks The Greeks believed that they belonged to the same race; they possessed a common language and literature; and they worshipped the same gods. All Greece took part in the Olympic games. A common enemy, Persia, threatened their liberty. Yet all these bonds were not strong enough to overcome two factors: local patriotism and geographical conditions that nurtured political divisions. Greece fell. 'E. Pluribus Unum' -- >From many, one. In that historical reality, if we put the emphasis on the 'pluribus' instead of the 'Unum,' we will balkanize America as surely as Kosovo.'
'Next to last , I would place all subjects off limits. Make it taboo to talk about anything against the cult of 'diversity.' I would find a word similar to 'heretic' in the 16th century - that stopped discussion and paralyzed thinking. Words like 'racist' or 'xenophobe' halt discussion and debate. Having made America a bilingual/bicultural country, having established multi-culturism, having the large foundations fund the doctrine of 'Victimology,' I would next make it impossible to enforce our immigration laws. I would develop a mantra: That because immigration has been good for America, it must always be good. I would make every individual immigrant symmetric and ignore the cumulative impact of millions of them.' In the last minute of his speech, Governor Lamm wiped his brow. Profound silence followed.
Finally he said, 'Lastly , I would censor Victor Hanson Davis's book 'Mexifornia.' His book is dangerous. It exposes the plan to destroy America. If you feel America deserves to be destroyed, don't read that book.'
There was no applause. A chilling fear quietly rose like an ominous cloud above every attendee at the conference Every American in that room knew that everything Lamm enumerated was proceeding methodically, quietly, darkly, yet pervasively across the United States today. Discussion is being suppressed. Over 100 languages are ripping the foundation of our educational system and national cohesiveness. Even barbaric cultures that practice female genital mutilation are growing as we celebrate 'diversity.' American jobs are vanishing into the Third World as corporations create a Third World in America. Take note of California and other states. To date, ten million illegal aliens and growing fast It is reminiscent of George Orwell's book '1984.' In that story, three slogans are engraved in the Ministry of Truth building: 'War is peace,' 'Freedom is slavery,' and 'Ignorance is strength.'
Governor Lamm walked back to his seat. It dawned on everyone at the conference that our nation and the future of this great democracy is deeply in trouble and worsening fast. If we don't get this immigration monster stopped within three years, it will rage like a California wildfire and destroy everything in its path, especially The American Dream.
If you care for and love our country as I do, take the time to pass this
on just as I did for you. NOTHING is going to happen if you don't.
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