Stacy Summary: Afternoon headlines. Will add more as I find them. (By the way, due to lost emails, we will not be interviewing Mike Morgan until the end of summer; so, instead, we will be interviewing Dmitry Orlov and Dr Housing Bubble. We have loads of good ones lined up for after summer break, including Barry Ritholtz, Mike Morgan, Eric Janszen and more!)
  |
 |
![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/platinum/t24_pt_en_usoz_2.gif)
Haiku:
Hank whore’s john owes big
Pauper peasant set on fire
Skin burnt and skin sold
But Federal Reserve Chairman Ben Bernanke delivers his annual Humphrey-Hawkins testimony about the economy to the House Financial Services Cmte and he said the economy is getting better and these programs that were forced on the American People saved us all. HOOORAAAAAYYYY.
He is testifying on monetary policy, inflation/deflation, the deficit and future stimulus measures. Wonder why we need another stimulus, because everyone can eat beer and hot dogs so the world is good because of Ben.
By the way, he continues to state that he is not monetizing the debt. Ben can thank the ignorance of America for being able to say this with a straight face.
When is the “lifting of the veil” supposed to come about?
Damned thieves.
Monster X seems to have the right idea about the use of flames to roast the G8 and all of their inane schemes:
http://www.youtube.com/watch?v=m95qjUNdsCE
And, of course:
MONSTER X ATTACKS THE G8 SUMMIT
by Momo Kashahaki
Monster X, Monster X,
You are doing great -
Monster X, Monster X,
Kick butt at G8!
When bad guys meet,
They’ll face defeat
From Monster X,
Monster X, Monster X!
Call the army,
Call the air force,
Send in the marines!
One blast of his fiery breath
Will end their ill-thought schemes.
Empire is no fun
When you’re on the run
From Monster X,
Monster X, Monster X!
Monster X, Monster X,
Smashing through the border -
Monster X, Monster X,
Causing grave disorder:
The Old flames from view,
Making way for New
From Monster X,
Monster X, Monster X!
one does not simply bailout mordor.. (time to update image I think..), perhaps change them to orcs instead
http://mfc.elmberg.net/files/images/bailout_mordor.jpg
Its about time someone spoke about JP Morgan….
Anyone know where I can find any info’ on strawman economics,……: )
GS and JPM own the game. I want out!
In a recent air to air battle above Iran US pilots discovered their heat seeking missiles where absent. They where later found on the beach of Tel Aviv where temperatures reached 35 degrees, although some where cruising for hot birds (getting them in altercations with cruise missiles)..
(it’s hot in The Hague)
This is the nearest I’ve got so far,…tum de dum,.
http://video.google.com/videoplay?docid=-6526777574574871930
LOL!
I used to work in Arakun building housing back in the mid 80′s…
This kind of craziness was rampant then, too. Arakun got so bad that BIG BROTHER moved in…
http://www.youtube.com/watch?v=wNkT_ocmR2Q
So Bernanke said he can print a lot of money now and when inflation occurs he can ‘extinguish it’ by paying the money centre banks high interest rates?!?
Dear M&S
Questions for Mike Morgan:
Who is behind goldman sachs, jp morgan
Why did they destroy the economy?
What will they do next?
How can the dollar not go down if Bernake says he’ll keep printing money for the forseable future? http://news.bbc.co.uk/2/hi/business/8161553.stm
@Mother Earth, because they are artificially keeping the prices of that which affects the dollar low so the dollar still acts as a “safe haven” for investments, but those days have passed if not already then soon.
@mongo Yes, I thought really soon..
@M & S
The power of technology – such as blogs – meant that the world could no longer be run by “elites”, Mr Brown said.
http://news.bbc.co.uk/2/hi/technology/8161650.stm
Surprising no? Will they protect internet in the fight against asian dominance? Fragmented leadership, shared society..
LOL, Bloomberg has an entire menu dedicated to Madoff among the other economic categories… there should be one called “Ponzy Schemes” instead..
Support Peter Schiff for senate in connecticut. We need more people like Ron Paul in Congress. Wall Street has hijacked Washington in broad daylight. Screw the FED and Goldman Sachs.
My tribute to 40 year Apollo 11:
The COMPLETE Apollo 11 Post-Flight Press Conference, 12 August 1969 Houston, Texas http://tinyurl.com/mwcuk5
Americans are the most ignorant people on the planet and I’m an American. The TARP is now up to a total of 23 trillion that is nearly 200% of GDP for what the Goldman mob and the JP Morgan gang? Jamie Dimon of JP Morgan is on the New York FED what a slimeball!
@Brandon: Listen again to Barofsky—the $27.3 trillion accounts for 50 programs…not just TARP….all established since 2008.
@Kent Paul
Yes I got very confused at that point and started to shiver like a wet puppy.
Around 02:41 on C-span.Org
No way would Bernanke try to tell us a circle is square.
The Fed is only creating bank reserves as ‘Idle’ money. If it tries to escape they will ‘Suck it back in’.
Something about saying would raise interest rates on it started to sound ponzi to me and I knew I was way way out of my depth.
Still shaking…
As for focusing on Health Care costs, Pirate MyMedicine!
correction: $23.7 trillion…
Carbon capture and storage gets a good rap from Harvard: A new paper from Harvard’s Belfer Center estimate.. http://cli.gs/qQdsu
Instant precise non invasive local brain surgery, the dream tool of big brother, is here..scary
http://tinyurl.com/n6wt9m
RenegadeEconomist and Celtic Tiger:
http://www.youtube.com/watch?v=ZPBWTJsc5Og
More Goldman:
http://www.atimes.com/atimes/Global_Economy/KG23Dj02.html
@stacy and max – after the summer, one person I would like to see interviewed is David McAlvany (I guess gold talk is natural there). McAlvany weekly commentary along with yours Truth about Markets podcasts is something I always listens to. http://www.mcalvany.com/podcast/
Research In Motion Ltd said on Monday Nortel Networks had effectively blocked the BlackBerry maker from bidding potentially $1.1 billion for the bankrupt Canadian company’s wireless business.
Analysts said the smartphone maker, which vies with Apple’s iPhone and Palm’s Pre in the booming market, was zeroing in on Nortel’s library of wireless patents at a bargain price.
RIM said it wanted to be qualified as a bidder in Nortel’s auction of its CDMA and LTE wireless technology businesses, set for “July 24, but was told it would qualify only if it pledged not to submit offers for other Nortel assets for a year.
RIM said it had been prepared to pay roughly $1.1 billion for the wireless business, based on a preliminary review. That would easily trump the $650 million stalking horse deal with Nokia Siemens Networks announced last month.”
FROM: Research in Motion blocked from Nortel wireless bid http://tinyurl.com/ljktn9
Time to sign gag-orders which prohibits you from making remarks about your doctor/physician on the Internet?.. YES SIR! If the doctors get as they want.
http://www.washingtonpost.com/wp-dyn/content/article/2009/07/20/AR2009072002335.html?sub=AR
May require login and I have problems pasting the article, here is an excerpt from the article..
—-
Until recently, patients whose doctors kept them waiting for hours without explanation, brushed off their questions or seemed downright incompetent had little recourse, other than complaining to family, friends or, in egregious cases, the state medical board. That was before the Internet gave everyone with an e-mail address the ability to reach a vastly wider audience by posting — often anonymously — critiques of doctors, in much the same way travelers rate hotels on such Web sites as TripAdvisor.
In the past five years more than 40 Web sites, among them RateMDs.com, Angie’s List, Yelp, DrScore and Vitals.com (motto: “where doctors are examined”), have begun reviewing physicians, providing information about one of the more difficult and important decisions consumers make routinely.
As these sites proliferate — a reflection of the hunger for information about doctors in an era where patients are expected to make sophisticated decisions about their care — questions about their usefulness, accuracy and fairness are intensifying. In some cases the freewheeling anonymity of the Internet has collided with the rights of physicians who are constrained by laws that protect patient privacy.
As a defensive measure, some physicians are requiring patients to sign broad agreements that prohibit online postings or commentary in any media outlet “without prior written consent.”
@Stacy: this suggestion may be out of step for a guest: Scott Ritter…former UNSCOM member….he may have some insight into the takeover of the Bank of Iraq under Saddam….maybe not….and the Cheney/WH energy meetings in the early 2001 Bush WH….or even Daniel Estalin who follows the Bilderberg meetings…somehow a deliberate step by step early formulation of this financial coup must be exposed….that Mr. Kaiser seems to be your mission….congrats
INDIVIDUAL PRIVATE INSURANCE DECLARED ILLEGAL!
It didn’t take long to run into an “uh-oh” moment when reading the House’s “health care for all Americans” bill. Right there on Page 16 is a provision making individual private medical insurance illegal. When we first saw the paragraph Tuesday, just after the 1,018-page document was released, we thought we surely must be misreading it. So we sought help from the House Ways and Means Committee. It turns out we were right: The provision would indeed outlaw individual private coverage. Under the Orwellian header of “Protecting The Choice To Keep Current Coverage,” the “Limitation On New Enrollment” section of the bill clearly states:
http://www.ibdeditorials.com/IBDArticles.aspx?id=332548165656854
Ahh, Mr. Orlov. Time to stock up on Vodka before prices spike
I liked Orlov’s writings about the collapse of the Soviet Union. Lots of interesting info.
Here is a video of Orlov’s talk at the Long Now Foundation:
Dmitry Orlov: Social Collapse Best Practices
http://tiny.cc/rpLOh. He is an insightful and witty speaker. Looking forward to seeing him on the edge.
I love how the media keep pumping out how much profit Goldman, and morgan etc are making,….out of what exactly? 0+0 = 0
Does anyone get it yet ?,…..Hellooooo!!
Uk debt in the shitter.
Record £799B not including PFI obligations i would guess
http://news.bbc.co.uk/1/hi/business/8160614.stm
http://www.dailytech.com/Update+Chinese+Worker+Commits+Suicide+After+iPhone+Prototype+Disappears/article15743.htm
@stacy
looks like somebodys pirating your PirateMyFilm idea
http://www.kotaku.com.au/2009/07/valve-predicts-fan-funded-game-development-future/
China to deploy forex reserves
China openly says will get rid of its worthless dollars to shop raw materials and energy.
http://www.ft.com/cms/s/0/b576ec86-761e-11de-9e59-00144feabdc0.html
I am too tired to interpret this right now but does this mean that China will buy US assets (companies and such) for 2 trillion dollars?..
http://www.ft.com/cms/s/0/b576ec86-761e-11de-9e59-00144feabdc0.html
Ah here we have it, copy pasted from link I posted above..
“Mr Wen did not elaborate on how much of the $2,132bn of reserves would be channelled to Chinese enterprises but Mr Qu said this was part of a strategy to reduce its reliance on the US dollar as a reserve currency.”
I’ve got an idea for a cameo appearance by Charlie Sheen in “Wall Street 2″.
In the film, Bud Fox (Sheen) is now living in Paris, where he hosts an internet radio show about corruption in the global financial system.
Backyard astronomer discovers black spot on Jupiter http://bit.ly/i2rb3
Don’t tase me, mate!
More scape goats,.!!
http://www.reuters.com/article/domesticNews/idUSTRE56K61V20090721?rpc=401&
Bernanke’s address.
You listen to the guy and then realise…..
No one can really question what he is saying because the fed is sooooo opaque (ie not transparent) that we just have to trust the guy.
THAT IS THE PROBLEMO.
what do you get if you add:
wealth usurpation
food scarcity
water scarcity
uber surveilance
pandemics
wars
with a touch of propaganda?
Is that article by Horowitz about Goldman-Sachs aquiring Fed a fake article (humour) or serious?
err… GS aquiring the Treasury Department is what i meant
Sorry for spamming but It was Borowitz and nothing else.
Here is the article:
http://www.huffingtonpost.com/andy-borowitz/goldman-sachs-in-talks-to_b_235153.html
Is this serious? I mean, one is governent, the other is private sector. How can something private consume the government (no wait… nevermind)…
Mass flu vaccination would be madness http://tinyurl.com/kkqoo7
@Stacy/Max, What is your take on IMF taking over countries? As I read they are ready to practically invalidate the governments in the baltics and take over their finances, I am guessing Iceland has some claws in their system from IMF also. Is this plausible for the entire europe, or will the IMF go bust before any grand plans of taking over states can be completed?
“Before the current economic crisis exploded, most Asian policymakers and intellectuals believed that when it came to the theory and practice of economic development, the west knew best.”
“However, when the crisis led to a global recession, with severe downturns in several major western economies, many Asians began to question their belief in western competence. An important distinction needs to be stressed here: while Asians have retained their faith in western theories on economics, they have progressively lost faith in western practices of economic management.”
“All Asian governments would agree with Amartya Sen, the Nobel prize-winning economist, that the invisible hand of the marketplace has to be balanced by an emphasis on the visible hand of good governance, a statement he made at the Lee Kuan Yew School of Public Policy.”
“Recent analyses of the impact of the current crisis on Asian economies have correctly stated that the collapse of Asian exports to the US will also mean a decline in intra-Asian trade, since much of this is lower down the global value chain and involves products ultimately destined for the US. If this accounted for all the growth in intra-Asian trade, then one should be pessimistic about the future. The ADB notes, however, that the value of total merchandise trade between east Asia and south Asia increased eightfold between 1990 and 2007, with each region exporting according to its comparative advantage. Not all of it was due to American demand.
This decoupling of the Asian-western consensus could lead to major changes. It is entirely conceivable, for example, that the Asian economies will perform better than their western counterparts for a good while, by adhering to western ideas on economic development as western societies effectively backtrack from them, openly or surreptitiously.
Similarly, while many western populations are becoming increasingly wary of globalisation, there is virtually no evidence of this in Asian societies. Indeed, most Asians want more, not less, globalisation. The current phase of globalisation was generated by the west, to be sure, but now we may witness the Asianisation of globalisation. This seeming paradox, too, will be a result of the decoupling of the Asian-western consensus.”
FROM: Asia keeps the west’s betrayed faith http://bit.ly/unOcm
have people seen the recent grilling of Bernake by Alan Grayson….u can hear the tremor in Bens voice during his responses
)
@Youri
It could be a power transfer helps keep the collective mind sane
That is China becomes more sane whilst the west more insane.
The madness of crowds all over again.
GIVEN:
Sanity considered as a legal term denotes that an individual is of sound mind and therefore can bear legal responsibility for his or her actions. Can not that be applied to the collective?
Some groups are moving very far away from this. Whilst other groups /crowds have been insane and becoming more sane at the same time.
If you get my drift
@doomandbloom
Yes. Alan Grayson is great. He asks question and knows where they are going. I think Ben is more scared of him than Ron Paul. It is the delivery and everything, including the contempt when Ben has to say he doesn’t know. Ben ain’t slimey enough to wriggle out of Big Al’s grasp.
Ben Bernanke is a lizard! And I got proof!
Listen to his voice, it sounds just like the “double voice” from the V series, thus he is a lizard!
http://www.youtube.com/watch?v=kUJIG3JNPk0
I knew it!
I haven’t listened to this until now but at around 3:34 minutes Ben Bernanke declares the entire US in the grip of the Federal Reserve by claiming that Congress does not have to approve a 500 billion dollar loan to foreigners .. he refers to the Federal Reserve act from 1914.. the new US currency should be bananas!
http://www.youtube.com/watch?v=2_VCy0lMU1g
@frances snoot
TnX for the poem, very touchy. Always have to find the right Zen moment to get into these things. Should do more often cause it’s an enlightment for the brain.
@stacyerbert “Obviously sombody is profiting of the swineflu pandemic”
It seemsthat they can use the virtual computer virus model for the real world. Computer virsusses often are spread by the ones who profit has been said in the dark dungeons of the underground Twaekerz forums. So, why could this not happen with real virusses. We know for a fact now that Baxter and Monsanto don’t care for human life.
@Fibon11235
I think this financial collapse is a deleberate attempt for a last powergrep in a further declining empire. It is said in the bible that decadence would be a sign of that decline. So, if somebody is gonna merry his horse. Madd Mason gets outtof prison, helter skelter and loads of satanic ritualz are there, you know the time has come.
Not Zyklon B cause that doesn’t work but viruses and fraud injections doing their work instead.
India’s thirst drives water to crisis level http://bit.ly/4sNlg4
man bursts into flames story – omg!
@doomandbloom
Alan Grayson is one of the view congressmen that redeems congress from being a total sellout to the oligarchs and corporations. Max and Stacy should try to get him on the Edge.
Police have been handed ‘Chinese-style’ powers to enter private homes and seize political posters during the London 2012 Olympics.
Little-noticed measures passed by the Government will allow officers and Olympics officials to enter homes and shops near official venues to confiscate any protest material.
Breaking the rules could land offenders with a fine of up to £20,000.
Civil liberties groups compared the powers to those used by the Communist Chinese government to stop political protest during the 2008 Beijing Games. . . .
Read more: http://www.dailymail.co.uk/news/article-1201171/Police-given-powers-enter-homes-tear-anti-Olympics-posters-Games.html#ixzz0Lwf9IKUE
http://www.dailymail.co.uk/news/article-1201171/Police-given-powers-enter-homes-tear-anti-Olympics-posters-Games.html
A race story from where other than Texas:
http://www.huffingtonpost.com/2009/07/21/riot-police-storm-texas-t_n_242372.html
To me, this story is more about a black man being murdered and dragged. It’ s also about white supremacists gaining strength for the simple reason that the US has a black President.
Some headlines:
Bernanke Gets Top Marks as Investors Say Economy Is Past Worst
http://www.bloomberg.com/apps/news?pid=20601087&sid=ayUz0vNR2XGc
Is the bear market over?
http://business.smh.com.au/business/is-the-bear-market-over-20090721-dr38.html
“Gentleman, you have come sixty days too late. The depression is over.” – Herbert Hoover, responding to a delegation requesting a public works program to help speed the recovery, June 1930
@Hawk of Terror
The problem is that they’ve said a lot but we haven’t seen anything yet!
What does it mean to you i’ve Bernake says this or that cause they’ve seen notin comin and the won’t see it commin!
@Mongo Cool links especially the one where you were tired.
Paste this code someplace it will work (like Blogger) and sing along with Max, as Goldman Sachs comes to get him…
“Send Lawyers, Guns, And Money!”
Uhhh, nevermind…
Try http://www.archive.org/details/WZ1999-02-06.shnf
and stream your own…
@ Stacy – Since you don’t like to eat meat, in about a half an hour (after I sober up some), I’m going to share a delicious meatless recipe with you–in part, to thank you and Max for sharing your insight with all of us.
@doomandbloom
Alan Grayson is one of the few congressmen that redeems congress from being a total sellout to the oligarchs and corporations. Max and Stacy should try to get him on the Edge.
@ Stacy
Global Investor Survey by Bloomberg shows Ben Bernanke as the best Central Banker to handle the Global Financial Crisis.
Personally I doubt the credibility of such surveys. Is this an exercise to prepare people for Bernanke’s second term ? I dont know may be. What’s your take on it
Sixty-one percent of investors surveyed in the first Quarterly Bloomberg Global Poll say the world economy is stable or improving and almost 75 percent take a favorable view of the 55-year-old chairman. By almost a three-to-one margin, they say Bernanke has earned another four-year term when his current one expires in January.
The poll showed Trichet received a favorable rating of 54 percent, while Bank of England Governor Mervyn King garnered 50 percent approval and China’s central-bank governor, Zhou Xiaochuan, received 42 percent. Bernanke outpolled the other central bank chiefs even in their own regions.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ayUz0vNR2XGc#
Love the idea of Max pursuing with Geoffrey Robertson a human rights case against Goldman Sachs . Very legitimate and inciteful path of inquiry. Cuts straight to the core of the matter.
O.K., Stacy . . . here it is:
-Tortilla-black bean casserole-
*Ingredients*
- 2 cups chopped onions
- 1 1/2 cups chopped green sweet pepper
- 1 14 1/2-ounce can tomatoes, cut up
- 3/4 cup picante sauce
- 2 cloves garlic, minced
- 2 teaspoons ground cumin
- 2 15-ounce cans black beans or red kidney beans, drained and rinsed (I prefer black beans)
- nonstick spray coating
- 10 7-inch corn tortillas
- 2 cups shredded reduced-fat Monterey Jack cheese (8 ounces)
- shredded lettuce (optional)
- sliced small fresh chili peppers (optional)
STEP 1:
In a large skillet combine the onion, green pepper, undrained tomatoes, picante sauce, garlic, and cumin. Bring to boiling; reduce heat. Simmer, uncovered, for 10 minutes. Stir in the beans.
STEP 2:
Spray a 2-quart-rectangular baking dish with nonstick coating. Spread one-third of the bean mixture over bottom of the dish. Top with half of the tortillas, overlapping as necessary, and half of the cheese. Add another one-third of the bean mixture, then remaining tortillas and bean mixture. Cover and bake in a 350 degree oven for 35 to 40 minutes or until heated through. Sprinkle with remaining cheese. Let stand for 10 minutes.
STEP 3:
If desired, place some shredded lettuce on each serving plate. To serve, cut casserole into squares; place atop lettuce. Garnish with chili peppers, if desired. Makes 6 to 8 servings.
(If desired, top with low-fat sour cream, salsa, and green onions.)
*Nutrition facts*
- Daily fat: 4%
- Daily value fat: 6%
- Daily value saturated fat: 5%
*Nutrition facts per serving*
- Calories: 248
- Total fat: 4 g
- Saturated fat: 1 g
- Cholesterol: 0 mg
- Sodium: 631 mg
- Carbohydrate: 40 g
- Fiber: 5 g
- Protein: 15 g
*Exchanges*
2 vegetable, 3 starch, 2 meat. 1/2 fat
I hope that you’ll try it! Even my meat-loving husband digs this dish!
Actor Stephen Baldwin files for bankruptcy in NY http://link.reuters.com/jyh29c
@ youri carma
That press conference is worth bottling.
Guess the fly boys had jet lag:
http://www.thelivingmoon.com/47john_lear/02files/Neil_Armstrong_Disclosure.html
Those three Mormons/Masons had sold their souls to the devil, and already an example had been made of what happens to potential whistleblowers. Sure makes ya cringe, huh? The constriction in the throat made it mighty difficult to choke out the nonsensical crap. Talk about Eternal Humiliation!
Fighting the patenting of natural observations and monopolization of measurements.. http://tinyurl.com/ktfvga There should be a patent jubilee..
@ Youri Carma
Re:
“The problem is that they’ve said a lot but we haven’t seen anything yet!
What does it mean to you i’ve Bernake says this or that cause they’ve seen notin comin and the won’t see it commin!”
Agreed! It is all smoke and mirrors. I was meaning it more as a contrary indicator. It seems remarkable that just a few months ago everyone was thinking the financial system was on the verge of extinction, and now, after one of the strongest rallies in decades (i.e. statistical anomaly!) we have authorities and experts patting themselves on the back, congratulating Bernanke, confident that everything is under control, business as usual. What seems even more remarkable is that this kind of reaction was seen once before during June 1930.
And just for fun, something a bit different:
http://www.stariq.com/Main/Articles/P0009591.HTM
“FED Chairman Ben Bernanke was born December 13, 1953, Augusta, GA, time unknown. As stated in the Forecast 2008 (written November 2007, one year before the crisis began)—and repeated in the 2009—book, “In 2008-2009, the Saturn-Uranus opposition will make a Grand Square to Mr. Bernanke’s natal Sun-Jupiter opposition (possibly involving his natal Moon too). In any event, such a planetary configuration implies a period in his life where everything may seem to come apart. With Uranus, things do not go as planned. With Jupiter too, things can spin wildly out of control…. With Uranus and Saturn T-squaring it, his status suddenly comes under questioning. This can become a very troubling time, leading to impulsive decisions and actions that end up affecting his position…. Whatever the case, it seems that the Federal Reserve Board, and in fact the entire banking system of the United States (and possibly the world) are in store for a crisis in late 2008 through early 2011.” The Saturn-Uranus opposition forming a grand square to Bernanke’s own Sun-Jupiter opposition (21 degrees of mutable signs) is probably peaking within a few months in September 2009.
Will Bernanke and FED survive this? No one knows for sure, but the planetary configurations strongly suggest a major shake-up in the powers of the FED. We already know that one side wants to expand his powers and that of the FED, whereas another side want to kill the FED altogether. The USA has been through this once before, in 1834, when President Andrew Jackson abolished the nation’s central bank. It happened at a time when the Federal Government finally attained a budget surplus for the first time in the country’s history. Saturn was in opposition to Pluto at the time, a point in the cycle that tends to coincide with peaks in economic activity from whence things then fall apart. Within eight years, as Saturn formed its waning square to Pluto, the USA was mired in its worst Depression ever up until that point. From the surplus of 1834, it proceeded to acquire its highest debt ever by 1842, to the point that it could not pay its treasury bond obligations (yes, the USA defaulted at the time).”
The steering wheel has come off and were heading for a bump.
I bags the Equinox for the date of the FALL lol. Im not hoping it will happen, I’m just mesmerised by a horrific crash in slow motion.
PLEASE do not get upset when I say, I do not think that this collapse is orchestrated, maybe steered at best.
My fear is that its the end of a system life cycle, which may be a lot worse. You see all systems and companies which are systems have life cycles and I think this one is geriatric and about to croak.
Yes and its for all the propaganda corrupt, unfair parasitic reasons that warp enterprise. I really am begining to think its the end as we know and recognise. In biology the effect when the parasite kills the host the host dies along with the parasite. Not good for either party.
What is scary is no one is in control over anything. Even what the city values is not worth anything, its a mess. But I bet when a panic starts the crowd heard in the same direction together.
WHY? We all know this in out bones that is why we come here to waffle on. Collectively we are from all over the world and we know what’s what with our society, families, jobs, shops and industry and government. The whole lots in flux.
Even if the CBs had been in charge, I don’t think they are now! The wheel has come off in there hand and out of control!
http://en.wikipedia.org/wiki/Equinox
@ Mr. Fibonacci 1.168
I guess we will have to see. I tend to be a bit wary of extrapolating trends and analogies like that though. Something strange about “Malthusian” type arguments etc. On the one hand, they seem very compelling, but on the other hand, they generally don’t pan out and often rely on a “but, this time its different” mentality. No one knows the future, and although things are bound to get ugly from here, and are likely to be “unprecedented,” history is filled with catastrophes, yet the “system” always keeps on keeping on etc. ?
“Goldman owes Paulson $1 billion… [in payoffs]. Who’s gonna be the bagman for this one?
@fib and @hawk
I kinda agree with both of ya…..scott.O posted this link a while back….great clip will forever be stuck in my mind now, if only rumsfeld had some soul….
http://www.youtube.com/watch?v=cv1UH_uBorE