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in addition to the theme of deflation and the new frugality
I just launced a beta of a new site beta.piratemyfilm.com
one of the last monopolies in America – one that appears somewhat resistant to the deflationary pressures of the general economy is Hollywood.
I think that PMF has the ability to disinermediate much of what adds costs to the films that make their way to theaters.
There’s been a huge deflationary wave as a prices for processing, storage and transmiting digital information have transformed the computer and network industries and everything that touches them including retailers and banks that greenspan use to call the ‘productivity miracle’ but what really just amounts to deflation – that is still putting enormous pressure on prices and in particular wages.
My belief is that if Wall St. won’t give people a fair shot at owning a stake in the companies that are being bailed out by the Feds than at least give them a chance to own a stake in the intellectual property they consume.
Hey, anyone want to chat live, I have enabled that on the PMF forum board:
http://piratemyfilm.ning.com/
Let me know what you think of the feature
Must be said Max that the VERY best music comes along during recession/depression times.
I can’t wait for a “New wave”….Punk-rock-rap…Who knows.
Mike
Pursuant to MotherEarth’s Question:
Perhaps interesting..Kissinger calls for a new political alliance with China and a convertible chinese currency ‘compagnion’ to the dollar http://tinyurl.com/mjg7jw
He also talks about creating interdependecy in decision making (through some nato type organization). China can see that one coming from miles away. My question would be, would China be stupid enough to participate in that and if so, why?
The dilemna for China seems to be that the yuan is not convertible(for trade purposes as Kissinger indicated)
http://www.chinahighlights.com/travelguide/moneyconverter.htm
Kissinger seems to be worried about China decoupling from the hegemonic powers and the dollar through a convertible currency. Bloomberg wrote about this in April:
http://www.bloomberg.com/apps/news?pid=20601083&sid=at8EbuqvWiVM
China cannot adequately compete against the dollar with an inconvertible currency. Kissinger indicates that the yuan-dollar peg was created for a system of trade which now no longer exists.
China looking to make the yuan convertible is a threat to the BIS/IMF system of trade hegemony that the US has been fighting to protect all these years. Kissinger’s idea of a Pacific institute for trade and politics to influence the region is one way to counteract the convertiblity threat.
Why would China cooperate?
First: MotherEarth indicates that Kissinger calls for an convertible currency. Kissinger is out to keep Asia from decoupling, so he would oppose any move to make the yuan convertible. Kissinger is echoed by the Heritage Society:
http://www.heritage.org/research/tradeandeconomicfreedom/wm2364.cfm
It is inconvenient for Kissinger Inc. that China is looking to decouple at the same time that Papa Bear (BIS) and Mama Bear (IMF) are looking to put Baby Bear (US Fed) out in the woods alone with Baby’s porridge (dollars). The move to ‘audit the Fed’ is the first sign of the coming scenerio.
How do we know China would cooperate with the Pacific Institute idea? http://www.nytimes.com/2009/07/07/business/global/07yuan.html
http://blogs.telegraph.co.uk/news/timcollard/100005531/will-china-make-its-currency-convertible-or-would-it-rather-own-the-united-states/
Is the US being ‘sold’ to China to protect IMF interests?
They tried to set up China
china turned the tables on them
They lost, China won
THE END!
Mike
Mike/Liverpool:
See who comes out standing once the dollar collapses.
This is one for Youri, Mother or Phil as it requires translation. However, the gist of it is that a Belgian former mayor has protested against chemtrails.
The ex-mayor has spoken on chemtrails in the municipality council of his town, he has written to government, has been on local television and in written media. And last but not least: he has filed an official charge in court to force the ministry of justice to investigate.
This is good news. More and more people a jumping to action.
http://argusoog.punt.nl/?id=504810&r=1&tbl_archief=&
@frances & Mike/liverpool………….re: China being in competition/opposition to the US. This is mentioned quite a bit, but I have a funny feeling that the ptb have done a deal with China (hence why the likes of Paulson is advsing them). All they need is for people at the top in China to agree to the deal and obviously they will get rich as a result of it. They won’t care that they’re selling out the Chinese people or destroying the American way of life. China – the country is just a means for the ptb to further their plans. They use countries like the US and Britain, why would China be any different. IMO it’s the same people behind China that are currently trying to destroy America, and therefore they are not in opposition to the US gov, but are part of it.
@sharon
TnX! I stumbled upon this one yesterday and heard of it before.
Since I live under the flightpaths of an Airport I see them daily and they indeed not fanish like the used to do it seems, very disturbing.
Germans have brought the substantial effects of contrails on the local weather to our attention years ago. Have the magazine. If indeed adjectives are put in the Kerosine it would be most alarming. Stil under investigation on my part.
If this is anything to go by I hate to think what will happen when the North American Union comes to fruition, ie. when Mexico and Canada are merged with the US – it’ll be a bloodbath!
http://goldismoney.info/forums/showthread.php?t=401249
Excellent article from the man who always stood up to ‘the man’!
Larry Flint tells it like it is:-
“The American government — which we once called our government — has been taken over by Wall Street, the mega-corporations and the super-rich. They are the ones who decide our fate. It is this group of powerful elites, the people President Franklin D. Roosevelt called “economic royalists,” who choose our elected officials — indeed, our very form of government. Both Democrats and Republicans dance to the tune of their corporate masters. In America, corporations do not control the government. In America, corporations are the government…….
……..Obama’s failure to act sends one message loud and clear: He cannot stand up to the powerful Wall Street interests that supplied the bulk of his campaign money for the 2008 election. Nor, for that matter, can Congress, for much the same reason.
Consider what multibillionaire banker David Rockefeller wrote in his 2002 memoirs:
“Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure — one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.”
Read Rockefeller’s words again. He actually admits to working against the “best interests of the United States.”
Need more? Here’s what Rockefeller said in 1994 at a U.N. dinner: “We are on the verge of a global transformation. All we need is the right major crisis, and the nations will accept the New World Order.” They’re gaming us. Our country has been stolen from us………..
……..I’m calling for a national strike, one designed to close the country down for a day. The intent? Real campaign-finance reform and strong restrictions on lobbying. Because nothing will change until we take corporate money out of politics. Nothing will improve until our politicians are once again answerable to their constituents, not the rich and powerful.
Let’s set a date. No one goes to work. No one buys anything. And if that isn’t effective — if the politicians ignore us — we do it again. And again. And again.
The real war is not between the left and the right. It is between the average American and the ruling class. If we come together on this single issue, everything else will resolve itself. It’s time we took back our government from those who would make us their slaves.
Goldman Sachs
The American government — which we once called our government — has been taken over by Wall Street, the mega-corporations and the super-rich. They are the ones who decide our fate. It is this group …..
The American government — which we once called our government — has been taken over by Wall Street, the mega-corporations and the super-rich. They are the ones who decide our fate. It is this group ….”
Why do I always forget the bloody link:-
http://www.huffingtonpost.com/larry-flynt/common-sense-2009_b_264706.html
@Sharon
The chemtrails are everywhere, you would have to be a blind person not to notice.
Where I live we are fighting to have fluoride removed from our municipal drinking water. You have no idea the lies behind the junk science of fluoride. Stunning really, that includes health professionals not knowing the truth and promoting it.
The strike is very much needed, no working, no shopping, no spending, no driving the car, do nothing.
Conflicts arise when people are competing for the same resources (such as territory, jobs and income, housing) when they aren’t fairly distributed or when there aren’t enough to go round. The same applies to natural resources (cultivable land, fresh water).This is well known, and been studied for centuries.
Apparently, decades of riots, and mob rule have been predicted for the next thirty yrs, so get out your cam’ packs and face paint and prepare for battle,….muaaaaah
ATTEeeeeNTION !!!
Alex Jones boys have been busy:-
http://www.prisonplanet.com/the-poster-revolution-infowars-launches-new-contest.html
Mike
Hope that you have a widespread succes sooner than later (artistic and financial wise) with a controversial movie that shocks and rocks the establishment. What if there is money in revolution for the people!? I can’t wait for a PMF new ‘Repoman’ or something similar. If not, than better tried and failed instead of regretting something you have not done.
@AIG … remember I posted twice about AIG’s sudden volume ( 100 fold ) since the 20:1 split.
ZeroHedge says that now 5 financial stocks account for 30% of the total volume.
… ” As a reminder, roughly 6 billion shares trade on average on the NYSE daily, and 10 billion in the domestic markets combined. This means that on Friday, 5 stocks accounted for nearly roughly 30% of the entire NYSE volume, while a stock like AIG traded its entire float in a narrow price range. “…
… ” Furthermore, if the SEC considers 5 stocks accounting 30% of all NYSE volume as a normal phenomenon, one wonders just what would cause their computerized alerts to actually go off. ” …
http://www.zerohedge.com/article/five-financial-stocks-dominating-market-volume
@Sharon:
http://www.silobreaker.com/india-to-get-478-bn-in-sdrs-5_2262527024935469070
new form of liquidity is being issued by IMF
http://business.globaltimes.cn/world/2009-07/449572.html
The SDRs are disbursed in proportion to each member’s IMF quota and can be exchanged for hard currency such as US dollars, yen, euros or pounds sterling.
China still has a relatively low allotment of sdrs compared to the US:
China 8,090.1
United Kingdom 10,738.5
United States 37,149.3
Japan 13,312.8
France 10,738.5
Germany 13,008.2
Italy 7,055.5
Why has China not significantly increased their allotment of sdrs if the country is run by the ‘same guys’ as the Western alliance, including US? Why is China buying billions in gold bullion instead?
http://www.gold.org/assets/file/pr_archive/pdf/China_reserve_buying_pr.pdf
copper:
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5160120/A-Copper-Standard-for-the-worlds-currency-system.html
metals:
http://www.atimes.com/atimes/China_Business/KF30Cb01.html
LBMA operations are effectively cornering the world’s gold supply and they would undoubtedly be in a prime position to benefit from a currency crisis – which they and Soros undoubtedly expect, given Soro’s claims that the Asian, and thus by implication all fiat currencies, are inherently unsustainable. This crisis of sustainability is already engaged in Asia and will undoubtedly wash over Europe, England and the U.S. And who recently announced another bailout package? The IMF, of course.
FT Germany headlines :
http://www.ftd.de/
America on verge of Financial Disaster
BASF arms itself against possible takeover bid
Anger over GM
… and then finishes off with
Risky Escape Routes out of the office
( in case of fire )
@frances,
Is it possible that a deal could have been done under a different guise so as to not alert the world to what I suggested? As you probably know I’m not an expert on financial matters and so I wouldn’t know how this could work, is it possible though?
What I don’t understand is the essay by Zhou about razzle-dazzle time with sdrs and then the policy of the country in plowing money into commodities. China seems to be decoupling.
Zhou’s essay:
http://www.pbc.gov.cn/english/detail.asp?col=6500&id=178
A super-sovereign reserve currency not only eliminates the inherent risks of credit-based sovereign currency, but also makes it possible to manage global liquidity. A super-sovereign reserve currency managed by a global institution could be used to both create and control the global liquidity.
Isn’t that what the imf is doing with India now? Managing global liquidity through sdr allotments? Remember the g20 in April and 250B for global quantitative easing?
Zhou had a guildstone:
“Specifically, the Fourth Amendment to the Articles of Agreement and relevant resolution on SDR allocation proposed in 1997 should be approved as soon as possible so that members joined the Fund after 1981 could also share the benefits of the SDR. On the basis of this, considerations could be given to further increase SDR allocation.”
When did China join the fund?
1980 (took Taiwan’s place)
@Sharon:
I am quite exhausted, not an economist! Pimco is right. The demand for the dollar will decrease substantially. Who are the bad boys in China? Do they have blue eyes? Go figure!
My guess is no. Zhou is on the board at the IMF with Geinther and Darling. Does Geinther have our best interests at heart? no. Does he lie? yes Does Darling have the UK interests above all? You answer that one, I think no. And Zhou?
He is, I think, weaving a web of words to deceive. Sdrs are okay, but China is getting burned by US (aka IMF) and they must be slightly peeved. China wants power.
Geinther seems stressed lately, even swore, and had a humiliating trip to China trying to peddle his soured bonds. Let’s ask him!
@frances………….I am quite exhausted, not an economist!
Come again?!
One of my favourites from Deek Jackson, FKNNewz
http://www.youtube.com/user/StandUp555#play/favorites/7/rG9Q_wH4TBk
Max .. maybe you should invite Deek onto your show ( for an interview ) when you get back.
I actually find the Rockefeller quote quite lofty and sublime. Now don’t get me wrong, – I despise his actions, but those words are pretty damn solid english rhetorics.
Well,
Alex Jones caused a right wee stooshie.
Alex does hype things up a lot and that can put people off. However it puts a lot of people on. He’s been right on a lot of things which makes you think that he senses a lot of truth even if he has to bludgeon his way to it. Naturally, he’ll miss sometimes too. Now that a lot of wise heads are pointing out present injustices in cogent terms, I think Alex is starting to temper himself.
Health care? Oh, angry demonstration infiltrated by bad boys shocker. I’ve listened to these ‘toen maul’ demos and people are angry about all sorts of things but the common theme is money or robbery to be more precise. They are using this definable subject to vent. Like Celente, who really is a man of the people, argues – they know that this is just another way they’re going to get shafted. And like he also says, these are no young radicals on a student demo, these are the middle-class. That’s why we know it’s a revolution.
I thnk our energy would be better spent educating these people to understand what is going on – and in plain Celente-like language. The banks have robbed America. That’s not a complicated message..
@Stacy
Chianti used to be the cheapest wine available in Holland. Ever tried Brunello?
@Snoot
Anyone suggesting a supranational reserve currency should be neutered. Central control of liquidity is central control. That is the vision of people that hate your independence.
Imho, If china wanted to make its Yuan convertible it could do so tomorrow. Convertible afaik means you can sell to owners of other currencies and the other way around. There is a good reason not to do that, because money moving around easily is what empowers the internationalists, the supranationalists. International liquidity creates a dissociating force between fiat money and its ‘collateral’, they don’t move in synchrony and eventually the collateral stops moving. When that happens you are forced to trust a (usually) US bank, blindly, like Holland, Germany and some other countries. Another good reason not to make the yuan convertible is because China wants to kill the role of a central bank in economics. It wants money to be a means of exchange with intrinsic value.
Then another reason is that with the record of GS and JPM you can bet your bottomed out dollar there will be Yuan manipulations up or down. Can a China banker truly audit GS activities?
Regarding the US being sold to China, the US has already been sold. Now China would like to see delivery, but it gets the ‘plucked chicken’ respons (I imagine).
The IMF can stay afloat for a thousand years being impartial and polite in all of this, making its employees a hefty sum, moving from NY to Shanghai to whererver the money is next, it is perfectly useless but hey! Who would give it up?
Hurricna eBill moving unusually northwards ( NE if it stays on course ).
http://www.nhc.noaa.gov/graphics_at3.shtml?5-daynl?large#contents
NY had better hope it keeps heading to the NE.
Average Ocean temperatures are abnormally high right now, hence IMO we’ll see more Hurricanes traveling Northwards.
AccuWeather : http://hurricane.accuweather.com/hurricane/index.asp
It might be advantagious to watch these clips to get a better over all perspective,.1-7
http://www.youtube.com/watch?v=cj0Id3BLFco&feature=related
@MotherEarth:
“Anyone suggesting a supranational reserve currency should be neutered. Central control of liquidity is central control. That is the vision of people that hate your independence.”
Of course. That goes without saying. But Stiglitz seems to be the point-source for the proposition, and Stiglitz represents the uber-elites.
“Imho, If china wanted to make its Yuan convertible it could do so tomorrow.”
Doesn’t China have the yuan pegged to support their export trade. If the yuan became convertible then their exports would be not-so-very-cheap. Obama is looking to an export market to save US economy, which of necessity means a devalued dollar.
“Another good reason not to make the yuan convertible is because China wants to kill the role of a central bank in economics. It wants money to be a means of exchange with intrinsic value.”
INTERESTING summation. It would seems so, yet the Chinese are still playing to the IMF fiddle. Weakened central bank thesis could by why they are so low in sdrs, despite what Zhou wrote. Intrinsic value: not fiat but backed by a metal? Is this what had Kissinger puckering about the mouth?
” being impartial and polite in all of this” US Treasury and IMF are really the same beast: so it’s nice to know you think well of our Treasury dept!
No Poetry?
pineapple sphincterits: spasms caused by Americans yelling “yeehaw” and belching carbon whilst waving flags and singing patriotic numbers
@Phil:
Good call on Bill! The el nino is in “the wrong place this year” according to Steve Quayle’s friend Stan Deyo: the hurricanes are supposed to pop up in the wrong places.
What time of year are nor’easters usually?
Bill was a very odd boy. Quite powerful storm, did it take out any ships?
AhNix:
“The strike is very much needed, no working, no shopping, no spending, no driving the car, do nothing.”
Sounds like the life of a blogger!
Afghanistan effort is Nato-led:
The Marines, unlike units in some other regions, answer to a NATO-led command and are under orders to defer to Afghan military and civilian officials, even if there are none nearby.
http://www.nytimes.com/2009/08/23/world/asia/23marines.html?hp
Seems the war is to install a puppet regime friendly to western trade interests and blind to the opium trade. This a war?
The British people have had enough:-
http://www.dailymail.co.uk/news/article-1208404/As-MoS-poll-reveals-67-want-Britain-Afghanistan-does-Labour-care-all.html
Mike
The British are being lied to just like we Americans about Afghanistan:
http://www.telegraph.co.uk/comment/telegraph-view/6069373/Afghanistan-Our-troops-are-fighting-in-the-national-interest.html
“The attacks on the World Trade Centre and the Pentagon in September 2001 are the reason why Nato troops are in Afghanistan today. They are why the Taliban are no longer in power in that benighted land; why elections took place there this week to underpin a government that we hope is capable of bringing stability to a country that has in the past harboured those who wish to do us the greatest harm.”
What a pathetic paragraph: what criminals in the governments of both countries. Where is mention of the renewed UN mandate? The mandate does not mention “The Taliban” once.
http://unama.unmissions.org/Default.aspx?tabid=1742
It does mention the elections, though, which is why the English young man was blown apart in Helmund province last week:
Support the electoral process through the Independent Election Commission of Afghanistan;
The 2009 resolution recognizes the key role played by the UN in coordinating international efforts in Afghanistan and in supporting the upcoming elections.
The Telegraph lies:
The reason why the September 11 attacks happened in the first place was to further the cause of militant Islamists whose allies had conquered Afghanistan and who want to do the same in Pakistan.
So we now have preventive war. If enough “extremists” exist in a sovereign country, then UN may mandate invasion and restructure. Is this going to be furthered through the R2P passage?
MAX!!!!
tell the people what you think about the China issue!
I was reading the comments on the Telegraph article and came across this:
http://bbs.chinadaily.com.cn/viewthread.php?gid=2&tid=635686
Is this legitimate?
Sorry: Not legitimate
Looks like it is the work of some anti-semite named Greg Felton. Hal Turner had it posted (now that’s a flag for illegitimacy!)
@frances snoot
The main reason they are in Afghanistan is geo-poliical. To prevent a pipeline going from Iran to China at the same time encirceling Iran cause they are in Irak too.
Brezinski said it in his chatham speech:” The growing risk that America will become military and politically bucked down in a vast area of the world ranging from East of Suez, does that phrase sound familiar to some of you? From East of Suez to West of India, from east of Suez to west of India. http://tinyurl.com/nya7df
It is alo a step closer to China for geo-political influence using the ol divide and conquer tactics to destabilize the region and it’s exactly for that reason China got upset lately. America has become a threat to China’s stability which they cynically are funding themselves.
But China doesn’ t like to be accused of killing the world economy so plays the game along only for that purpose. Otherwise they would have pulled the plug on America long ago.
It’s cynical how they call it “United Nations Assistance Mission in Afghanistan”
Thanks, Youri.
So the Australian Government are happy that this oil spill won’t reach the coast of Australia, as if that’s all that matters!?
What about the Timor coast????
Arsehole!
http://www.smh.com.au/national/oil-and-gas-spill-no-threat-to-coastline-ferguson-20090823-euqi.html
Maybe it should reach Australia so he could be jailed for Environmental Terrorism.
United Nations Assistance Mission in Afghanistan
@Youri:
The height of hypocrisy is the NYtimes article wondering why the Afghan people are not welcoming to the US marines. (HA HA HA) This isn’t a Sunday school picnic, is it?
Notice that to remove the oil slick, they “SPARY IT WITH DISPERSING CHEMICALS”
OH, THE FISH WILL BE RELIEVED….
Marines to Afghan people:
We’re from the government; we’re here to help.
Right???
@MiniUS:
The article says a OIL WELL is responsible and will be capped, not a corporation. Since when did an oil well have volition?
Press always protects corporate interest.
Anyone want to shit on the Australian Government.
Here’s your chance…..
RHS – Have your say.
Or as I do look up individual minister for a private ‘Rant’.
You may be busy with your own governments but I thought I would give everyone the opportunity as a democracy should
Link would help I suppose….
http://www.alp.org.au/
@Dedo
Brilliant insights this Yuri Bezmenov. Love the Ol fash chalk board and wiping action. Hate those precooked suposely fashionable powerpoint presentations or head displays.
@frances snoot
Getting fed up with this American 5 year old cowboy war imperial politics which only benefits a view oligarchs and the war industrial complex while destroying half the planet with very poor results. Coca Cola and McDonalds where the most succesfull in conquering the world. Real subversion in the terms of Yuri.
I think Europe has to consider to work more closely with Russia and China. Russia has briliant scientist and give much more oppurtunities for the future. They don’t have this strange urge to dominate other countries in such stupid destructive way anymore.
Empires where build on trade ad exchanging of art and culture not on brute force which in the long end always proved to be counter productive, unsustainable and leading nowhere.
Always very prolific stuff on Global Research. INDEX:
http://www.globalresearch.ca/index.php?context=theme&themeId=6
US jobless claims in surprise jump for second week http://tinyurl.com/llyylz
The bureaucratic idiocracy taking it up a notch http://tinyurl.com/lmw77q
The problem is that the banksters thought that if they would hide their toxics on their off balance sheets and wait for the economy to recover they could get rid of them the old fashioned way.
Now that the economy takes much longer to recover than they expected (a word we hear a lot in MSM lately) they’ve got themselves in a huge mess by grossly misjudging the whole situation.
This is no surpride at all cause they not saw this crises coming at all and dowplayed the whole situation as if it was some 2000 bubble but this is a World wide crises for heavens sake!
The big poker card house build on very poor judgement comes tumbling down now cause somebody has to make a call in the end.
That are the rules of the Poker game and you can’t get trough the night on one glass of whiskey and a ice cube. Some arque that even one ice cube spoils the whisky.
Kids Get $40 Gift Cards in H1N1 Vaccine Test http://tinyurl.com/motnls
IMF sees slow growth, tax hikes soon http://www.thestar.com/business/article/682712
Fed’s rate path, inflation aims may clash: economist http://link.reuters.com/jec82d
Spooky List of Dead Scientists (Murders & very Suspicious deads) http://tinyurl.com/d32ku
Re: Climate, El Nino, etc.
In Sydney today it was 27 degrees C top.
Sounds nice heh?
There were people swimming at the beaches.
It is the middle of winter here and has been aver 19 degrees C for over one month.
China cuts US Treasury $776.4 billion holding to fund foreign deals http://tinyurl.com/n372qm
@Mini US
El Nino with wooden shoes cause it’s been warm here in Holland also for a couple of weeks. This is unusual. Normal one week good the other week bad and so on. Think we might have a nice “Indian Summer” too.
Are “The Machines” at work?
The Latest Signs Of Complete Economic Meltdown http://neithercorp.us/npress/?p=74
Goodmorning y’all! Thank you stacy and max for updating us, it is becoming increasingly clear what is going on .. here is something worth spreading, if you haven’t already done this:
09.11.09 GLOBAL EVENT: ROCK THE PLANET, please make this info go viral:
“Rock The Planet is not about political affiliation, race, creed or national origin. It is about freedom. Freedom to live life fully without the hindrance of oppressive rule and unnecessary government intervention. This is about less government and MORE opportunity without the corruption that is pushed by world banks and corporations. This matter goes beyond national borders as corporations interrupt the lively-hood of millions of people in this country and across the world.”….
check out: http://freedominfonet.webs.com
have a nice day y’all!
China has been doing more good in Africa lately building roads and so on than the Americans have in the last hunred years only coming in Black helicopters.
America has lost his moral compass with only money being the magnetic field. They doomed the dollar themselves by playing a high risk poker game and crazy spending in the year to September 30 a amazing total of $3.653 trillion! U.S. Rescue may reach $23.7 trillion, Barofsky Says.
Obama increased defense budget and the 2010 fiscal year budget calls for $527 billion in defense spending without even counting in the costs of the Iraq and Afghanistan war which will be another couple of trillions.
The craziness has to end somewhere especially now China is funding it’s own encirclement cynically enough.
My comment on Wei Gu’s; China cuts Treasury holding to fund foreign deals http://tinyurl.com/kv3kho
Current Update of BDI
http://www.investmenttools.com/futures/bdi_baltic_dry_index.htm
Don’t panic folks, BDI popped up again to over 2,000
Hey Folks.
Just a contrarian view to balance the crisis talk.
Whatever Happened to “Don’t heed the fear” of the MSM.
What the hell are we all doing here?
Everyone has a different date for a different catastrophe.
Give me a break.
We are doing exactly what we are fighting against.
Feeding on fear.
Lets all just have valium sandwich and try to confirm some of these WWW sources.
Sure, plan for your own version of the ‘upcoming disaster’ but please, lets get our sources in order. I feel like I’m being bombarded with just about every conspiracy theory ever known to man.
I think it is because we want this so badly that every road leads to this. Not saying everything is rosy and that nothing is gonna happen, it just feels like we are competing for the worst news story out there, whatever the source.
Understand the hypocracy?
Love you guys enormously and I have learned heaps in the last few months, its great. I love the truth.
I try to take everything with a touch of cynicism too, but we are becoming the fear junkies ourselves.
Check the source.
So is the BDI a leading or lagging indicator? Unfortunately, the answer seems to be: It depends.
Rethinking The Baltic Dry http://is.gd/2rKOQ
@Snoot
Ref the Yuan becoming convertible..If is does it is because people want to buy stuff using Yuan. That means that the price will always reflect an export appetite. IF nobody has anything to offer like during the opium wars, that’s to bad, we’ll have to knit our own sweaters. Pricing will move to compensate any necessary loss in sales if there aren’t enough Yuan to go around.
If I was the elite I would have a nice program to run, you wouldn’t notice, but looking around me it seems someone else stole my plan and is excuting it. The truth is, the Elite only rule by our consent, because as ZB also said, you really have no means to coerce the masses once they stop being entertained.
@Mini US
Not dealing in fear but facts.
I disgard these daily BDI, dollar, gold and what have you movements cause they don’t mean anything to me. I look at long term devolpements which are facts. I only read them if some news value added and sometimes for my own amusement.
@Youri,……Yeah, Yuri has great rubber action (blackboard)
Monsanto, DuPont square off in crop seed turf war http://tinyurl.com/mlcxsw
@Youri …. Baltic Dry
@Dedo
I posted a while ago that the Baltic Dry dropped sharply ( 95% ) in Sep/Oct 2008.
IIRC, the “official” reason ( #1 ) was that demand had dropped off a cliff.
The real ( IMO ) reason ( #2 ) , from what I read elsewhere , was that the International Shippers were refusing LoCs from major US banks – i,e, didn’t trust them to guarantee payments on arrival of goods. The Shipping was stopped in it’s tracks … which is why you see the sudden 95% drop.
Which one to believe … me? , #2 !
One way or another, the Crux of this whole crash is – as everyone knows – a MALfunctioning banking system. There is NOTHING WRONG with the WW economy as such, just that the oil that lubricates it’s running has gone DRY ( pun intended ).
As Sharon and Max ( and everyone else probably ) say, there is only one way to take power away from the Oligarthy, and that is to STOP using THEIR system .. which should be OUR system in reality.
The only way to do this is to withdraw all savings ( inclusing all little people with 100$s ) from banks, and use it to buy Gold or Silver ! Buying anything else ( like Real Estate ) just puts the “money” back in the banks.
The next step is local Barter and then global Barter ala IRTA & C.A-Fitts.
In this way , we disarm the banks, arms dealers, politicians and basically hold them to ransom or get rid of them .. so that a fresh new start can be made, e.g. a Gold ( real assets ) backed currency.
Russia, China , S.America are “resource rich” and have been “giving away” their real assets ( or products in China’s case ) for paper fiat notes … which they know to be eventually worthless. I predicted over a year ago to my friends in Germany that a new “front” will form between the Anglo/Saxon Finance world and the “real world” outside this corrupt power-game.
I don’t expect a black-and-white “stop” to the fiat system, but a phasing in of a new settlement system, maybe based on Gold , Oil and other precious commodities/minerals rather than trusting the SDRs, which if continued , will just become an extension ( complete globalization ) of the current fiat currency system IMO.
i.e. Gold and similar cannot not be forged, manipulated etc. etc. … SDRs can !
JMHO FWIW
Prepare Yourself for the Inflation Invasion http://seekingalpha.com/a/3dot
YO Mini US….this isn’t one bit about fear. It’s about dispelling fear with information.
THERE IS NO HYPOCRISY IN STRIVING FOR THE TRUTH,
There is not one fact or reference in your entire post. Americans have taken TOO MANY Valium sandwiches!
The msm, like our gobmint, ‘papers’ over everything–they downplay fear you moron.
I try to refrain from ad hominum attacks. But in this case I don’t need to learn any more about you to know you are a pussy. And btw your post could of been 1/3 less space because you keep repeating yourself. Anybody ever call you bitch? Yeah I thought they did……bitch!
@All .. some Sunday morning reading :
Unemployment Edges Up to Great Depression Level / Kurt Nimmo
http://www.infowars.com/unemployment-edges-up-to-great-depression-level/
U.K.’s 100 Biggest Companies Have $163 Billion Pension Deficit
http://www.bloomberg.com/apps/news?pid=20601102&sid=a177E_JKdkL0
Madoff victims to sue accountants PwC over feeder fund audits
http://www.telegraph.co.uk/finance/6074118/Madoff-victims-to-sue-accountants-PwC-over-feeder-fund-audits.html
Over-50s rush to take pensions early before rule-change deadline
http://www.guardian.co.uk/money/2009/aug/23/pensions-savings
Northern Rock Defers Payments
http://online.wsj.com/article/SB125058067452939477.html
( I thought they now were state guaranteed ?
@Phil
That’s why I don’t understand all this talk about Amero and SDRs cause you can call you cat a dog but it still is a cat?
You can only backup with real tangible goods not with paper tigers. The countries who have natural recourses can add value to an optional SDR or countries who add substantial value to these resources.
The American dollar has a problem there especially with a gigantic overhang in a financial system which now is only parasitic and not doing anything for the real econmy other than bring it down. They even hiring new people now that’s crazy!
If half of your economy is gone where do you need this gigantic financial system for?
@Phil
LoC crisis was the real reason, and there has been an official announcement that that problem was fixed. Otherwise I see the oil angle differently, namely that the oil companies and the banks conspired to create global trade. The oil would be in high demand and the banks would be empowered because they would be necessary as an intermediate.
Without oil, banks and container shipping there would never have been global trade like we know it today.
@Youri … you have the knack of saying things much more concisely than I do ! … good statements :
.. ” You can only backup with real tangible goods not with paper tigers. ” ..
.. “If half of your economy is gone where do you need this gigantic financial system for?” …
.
.
@Mother Earth … “LoCs” .. I agree , the real reason.
… “Without oil, banks and container shipping there would never have been global trade like we know it today.”…
Yes of course .. but my point was that of the currency abuse rather than the mere existence of a (global banking) system to allow global trade.
I posted earlier that the DDR ( East Germany ) used to “Barter” with the West, as their currency was deemed worthless ( non convertible ) out side the iron curtain.
Of course … our ex-Chancellor Kohl gave them 1:1 on the currency when the wall came down, to buy the CDU party the votes in the old DDR. And guess what, the CDU “did” get the votes ! Angela is the living example.
… “then” at least !
So what is the big corporations leave the US? Man, f*cked is not the right word, it should be history.
http://www.newsweek.com/id/212120
And the process of bailing out of the US as a corporation has been patented by Accenture!
http://www.google.com/patents/about?id=2T-nAAAAEBAJ
I am filing the patent for having an idea: ‘a thought having unexpected positive implications and practical utility to the originator either directly or indirectly’
With a special adendum for original idea: ‘where no previous mention of it can be traced in the public domain’
And bad idea: ‘a thought having unexpected negative implications and no practical utility to the originator either directly or indirectly’
I mean first the financial system fucks up by creating gigantic bubbles and risky betting which came before snake eyes.
Than the make the people believe that they have to hand over all their money inclusing pensions otherwise the sun wouldn’t go up again.
Now this financial system is getting free money and the average donut has to work tree jobs for almost no money and pay for high oil, food prices with banksters rates for consumers going up and higher taxes to come. The healtcare bill for useless vaccins allready has been put on the table.
I mean can it get any crazier? You don’t even have to mention people are stupid cause otherwise banksters would be swinging on a certain tree.
Instead they are making huge profits and putting donut with his face in the mud.
Time to whack Hollywood’s Pinata of Copyright Riches?
To add to the theme of deflation and the new frugality that is changing the way America shops and thinks I want to mention my new site beta.piratemyfilm.com; a creative way to finance media properties that lives outside the studios and their cosy banking relationships
One of the last monopolies in America – one that appears somewhat resistant to the deflationary pressures of the general economy is Hollywood.
Pirate Myfilm has the ability to disintermediate much of what adds costs to the films that make their way to theaters as such bloated behemoths. The talent agencies; WMA, CAA and ICM control the pricing of the talent and this in turn exerts control over production and distribution. But as the Internet creates ‘stars’ outside of the Hollywood system we see the emergence of a new entertainment industry. The only thing missing is a correspondingly creative way to finance media properties that also lives outside the studios and their extremely cosy banking relationships.
Is it time for Hollywood to join the rest of the economy? There’s been a huge deflationary wave in tech as the prices for processing, storage and transmitting digital information have chased the asymptotic curve to zero and transformed the computer and network industries and everything that touches them including retailers and banks. Greenspan used to call this the ‘productivity miracle’ but what we now know is that it really just amounts to deflation and no amount of money printing by the Fed appears to be stopping the deflationary spiral from sucking in everything in its path — except Hollywood.
Downward pressures in the economy are extremely strong particularly with wages. This is due primarily to the black hole in finance that is still, by some estimates, up to twenty trillion in size. Add to this the naturally crashing technology prices; the main engine of commerce in the digital age, and you get a cocktail of economic paradigm shifting like we have never seen.
Getting back to my new site, Pirate Myfilm, It’s still in early beta, but enough of it works to get the basic idea. As it continues along its growth path from a few users to a million or so users, the numbers I attracted when I built and ran the Hollywood Stock Exchange.
My belief, aside from the cool technology part, is that if Wall St. won’t fess up and start telling the truth about its balance sheet and if the government won’t come clean about the dire straights of the economy and Hollywood keeps operating a price fixing cartel than maybe it’s time to take matters into our own hands and whack the Pinata that is Hollywood in a way that will spread the copyright riches to millions instead of just the oligarchs in Beverly Hills by giving people a fair shot at owning a stake in the properties and intellectual property that they themselves consume. This in turn would put pressure on other areas of the economy that need to be reorganized in ways that favor the people, not the oligarchs. The American people, not the Federal government or its corporate handlers, will have to pull ourselves out of this ditch Wall St. and Washington put us
@Accenture Global Services GmbH
A German Limited Company no less ….. filing patents in the US !
I guess you are worried ( like most of us software professionals ) that the day will come when you have to worry about every line of code becoming a patent issue !
They should simply “erase” most of the US patents IMO … IMO 99% of them are just ridiculous.
Remember VisiCalc .. the pre-Excel company that got destroyed by the stupidest patent ever … “displaying one ‘line’ below another ‘line’ on a computer screen” !
.. or words to that effect !
quite simply essential viewing
http://www.themonthly.com.au/new-times-new-approaches-steve-keen-australias-economic-prospects-p3-1894
Hot Stocks: Monsanto Focused on Long-Term Growth, but DuPont Dustup Draws Attention From Regulators http://www.moneymorning.com/2009/08/21/monsanto-dupont/
@Max & Stacy
Max made it in the Dutch MSM Media! Joepie!
http://www.depers.nl/economie/331015/Geithner-Goldman-Sachs-is-onschuldig.html
De Pers is read by many people when going to work since it is a free newspaper but with a actual real editorial staff flanking the old Dutch MSM. De Pers is quiet new but reaching a huge public with their free morning paper.
@Phil,…To even give slight indication of a run on the banks would close the doors, and as far as buying up the gold, I think the house of rothschild have already thought of that one.
Remember, all information is collated at source, and used to protect its hegemony.
If any significant percentage of a society made any moves, I guanrantee it would be squashed,.but I like your thinking.
And to add, (not being the defeatist,but realist) if Max made any headway, the same would happen!
There is a reason Cecil and his cronies met in secret, not just because they were gay!!
@Johhny D
Oooh man you are Dangereaux.
Ouch!
@maxkeiser
I realy like the concept and have many ideas myself for which finance would be nescasary.
I think you should include a large gaming section since Hollywood and the gaming industry are getting closer every day. You also would reach a hip public who is very involved all sorts of games.
I would like to see a very simple explanation about a concept like futures cause even for me sometimes is hard to get your mind around, let alone for the average public. Certainly in Europe maybe the Americans are better informed on these business subjects?
Great link Alister!
Another conspiracy: Magic Mormon Underwear
http://www.youtube.com/watch?v=bnVOK42o4E0
@Youri
From the Pers article ‘GS is getting a lot of flak in recent weeks’. Recent weeks, that is Dutch media for you..
@Max
Would your schedule allow you to give a seminar in Holland in sept or oct?
Obama to raise 10-year deficit to $9 trillion http://tinyurl.com/mth2b2
@Mother Earth
Yep, cause the rest didn’t bring anything usefull . They lack any valuable view on the whole situation. Only De Pers somtimes comes with some sensible pieces. I am an optimist.
@ Youri Carma
Thats great
I know that guy, John Safran.
You have massive input into this forum and it is all appreciated BTW.
CNBC’s Parent Station General Electric Is Q2′s Top Lobby Spender With $7.2 Million, A 60% Increase From Q1http://tinyurl.com/mluq6a
@Youri:
Great link, Neithercorp!
China is to buy bonds from the IMF. They are purchasing 50B according to Bloomberg:
http://www.bloomberg.com/apps/news?pid=20601087&sid=ankFTAhAUk68
This will greatly increase China’s allotment of sdrs and enhance their voting rights:
This is a victory for the BRICs, particularly China,” said Claudio Loser, the former director of the IMF’s Western Hemisphere department. “Because they will be investing in the fund they will have, directly or indirectly, some say in the governance of the fund that goes beyond their quota.”
The IMF’s “quota” system allocates voting rights to member states based on their financial contributions.
Talk about sovereign assisted suicide:
“The U.S. last month agreed to boost its contribution for the IMF by more than $100 billion.”
“The notes will be denominated in Special Drawing Rights, or SDRs, which represent a basket of currencies consisting of the U.S. dollar, the euro, the yen and the British pound. Note sales denominated in SDRs would be paid interest on a quarterly basis, the IMF said.
Chinese officials have sought a greater role over time for SDRs in an effort to reduce the U.S. dollar’s dominance in the global economy.”
@Youri:
When do they make the call?
“The big poker card house build on very poor judgement comes tumbling down now cause somebody has to make a call in the end.”
Will ‘the call’ have a domino effect because of the derivative contracts?
Overcoming popular consensus, however, is not easy. Ideological hegemony meant that the majority of the population accepted what was happening in society as ‘common sense’ or as ‘the only way of running society’. There may have been complaints about the way things were run and people looked for improvements or reforms but the basic beliefs and value system underpinning society were seen as either neutral or of general applicability in relation to the class structure of society
“Ref the Yuan becoming convertible..If is does it is because people want to buy stuff using Yuan. That means that the price will always reflect an export appetite.”
@MotherEarth:
How would a convertible yuan affect the value of China’s dollar reserves in correlation to yuan value?
The IMF selling bonds will torpedo the US treasury market, won’t it? Will China dump their reserves?
@Phil:
In reference to your ideas about withdrawing from the system, we also must stop the momentum in Congress to exert totalitarian controls over farming rights, seeds, water rights, and marketing of food…oh and the crap and trade farting legislation for livestock…
Seems Daschle has been resurrected from tax timeout.:
http://www.nytimes.com/2009/08/23/health/policy/23daschle.html?_r=1&hp
This is actually a sentence in the article:
“Friends and associates of Mr. Daschle say the interests of Alston & Bird’s clients have no influence on his views”
Daschle helped write the legisltation:
Speaking at a hospital industry conference last week, for example, he accepted billing as “the architect of President Obama’s health care plan.”
Here are Daschle’s views on healthcare reform:
http://blogs.wsj.com/health/2008/11/20/tom-daschles-blueprint-for-health-reform/
Bloomberg on Daschle from February:
http://www.bloomberg.com/apps/news?pid=20601039&sid=aLzfDxfbwhzs
@Snoot
How would a convertible yuan affect the value of China’s dollar reserves in correlation to yuan value?
> Strange question. Did you have enough coffee?
The IMF selling bonds will torpedo the US treasury market, won’t it? Will China dump their reserves?
> The US treasury market is dead. IMF is a US proxy. Basically you are suggesting the loss of the US is due to a fight with the IMF, which is a good way to distract the attention form what is really happening. According to some (Jim Willy) China is selling bonds. They are replacing US bonds and creating a backbone to hedge funds and other big funds with collateral.
I stand by the idea that the expression of climate scepticism / denial is the easiest way to identify a blind parrot/shill.
@MotherEarth:
Er, no coffee…sorry, I wouldn’t ask if I wasn’t ignorant. (I drink yerba mate tea, it’s quite stimulating, but not Dutch coffee) Isn’t the value of the yuan tied to the value of the dollar for trade purposes? Please deign to accept my humble prostration of poorly chosen words. Like, wuz up with the convertiblity issue and the dollar reserves?
No, I wasn’t suggesting the IMF and the US are duking it out: the president and the Congress are fully behind IMF funding. I was suggesting that the president and Congress don’t care much about US sovereignty. (the ones in power positions are global citizens) I read that China was trading US bonds for African assets…
I lost faith in Jim Willy last winter when he proclaimed that a gold-backed reserve currency was coming out of Germany. He is often out there…faroutthere…and claims ‘insider’ information that doesn’t pan out.
..basically we American commoners will be left in the lurch to wave flags and sing songs and enhance your pineappalus sphincteritus whilst our fearsome leaders sell us for a cushy life of service to their global constituents.
“I stand by the idea that the expression of climate scepticism / denial is the easiest way to identify a blind parrot/shill.”
I would second the motion for the climate change deniers, but not for skeptics. All skeptics should be moved to the front of the class.
@Snoot
Still, if you float the Yuan, it still doesn’t say much about the value of the dollar reserves. Either you buy in dollars and you get less and less for your dollar, or you try to convert to Yuan and you pay more and more for it. Chinese dollar reserves are bargaining force on US territory. Who could exchange those for Yuan?
French farmers protest “the massive importation of foreign products” [small protest...]
http://www.youtube.com/watch?v=U6_P7dOYTWM&feature=sub
@frances snoot
After that crap you posted about Alex Jones, your followup is about climate change? Expletive you! It’s all a scam designed to tax the air we breathe ultimately.
@Adrian:
The tree of liberty was watered more by the words of skeptics than the blood of tyrants.
Expletive me! http://www.urbandictionary.com/define.php?term=expletive
I assume you are referring to the censorship nuance to the word.
Testing………
Just tried 3 times to post – not working.
OK that worked so why isn’t my post coming up?
Does anyone know about levels of homelessness in the UK? We’ve seen the tent-cities in the US but what’s happening in the UK?
It’s horrible to think of all these people facing crises in their lives. I don’t know what’s worse – actually being homeless and dealing with that reality or trying to stay afloat but money is inevitably running out.
What’s more than a little annoying is when highly intelligent folk, who know what’s going on, complain that they’re not doing anything. Ok, I’ve heard some ideas like demonstrate at the Capitol but other than that not very much.
There have been ‘tea-parties’ but they seem to be about tax and auditing the fed. How do people equate that with not being able to pay mortgages? Now we have demonstrations supposedly about ‘health-care’ though I’m not so sure they are – that seems to be a way of creating a left-right ding-dong and the banks avoiding the wrap for the bail-outs.
We need to focus all the attention on the banks. They’ll wriggle and squirm but we have to go straight at them. If there’s another bail-out that’ll surely happen.
That’s why I suggested an amnesty or a truth and reconciliation process. Why not give the bankers 2 weeks to come forward and confess to fraud. They will avoid imprisonment if they give up information. That information will help clean the system and will get us closer to the fraudsters at the top. This will put Goldman and JP Morgan and the rest into panic mode and there’ll be infighting and mistrust as they seek to put each other in the frame. Indeed, this TARP investigation makes Barofsky look like Eliot Ness.
If we attack the banks head on then we stand a chance, no? I mean deliberate credit card default and mortgage default. If people do this at the same time the banks will crash which is what we need them to do. Their political front-men will desert the sinking ship, the debt can be repudiated and the printing machine can be brought under control. international creditors can be reassured that the US’s word is its bond…
I’m not sure a general strike is going to work until people really know who the target is. Keeping in mind that the banks are in control of the government we need to sew division within their ranks so that they turn on each other in fear and fear involking martial law.
We need to wage a financial war against them first and get them to rat on each other. When they see their buddies getting taken into custody they’ll pee themselves with fear.
Who is going to stand up and tell the people to stop giving the banks money? I think this is the big taboo subject.
@Sharon
Chemtrails?
@Max
Is it normal for films to be produced on budget and with the money in an account up front?
Also do you put limitations on the genre, the rating of the films pmf finances?
@Mother
No, it was to do with an ancient map that has been found and (I know you won’t like this) apparantly it questions the whole climate change thing. As you know I’m undecided, although Phil’s explanation made sense, ie. it is more to do with the fact that there won’t be enough oxygen due to CO2 absorbing entities having been destroyed. Anyway, I just though it was interesting.
Now I’ve just posted the above successfully but when I tried to add in what I had been unable to post previously it didn’t let me so I removed that part and lo and behold it worked.
@Stacy……..any idea why I can’t post certain info?
Ancient Map Disproves Warming up of the globe.
http://climaterealists.com/index.php…1&linkbox=true
A recently discovered and publicized ancient map of the globe disproves the theory of man-made warming. The enormous significance of the map has only now become apparent as Congress considers sweeping legislation intended to combat global warming supposedly caused by human activity.
The map was discovered in the Library of Congress, Washington DC, in 1960 by Charles Hapgood. It was drawn by well-known French cartographer, Oronteus Finaeus, in 1531. There is no serious question about the authenticity of the map. Finaeus was a well-known scholar and was an expert in cartography, astronomy, mathematics and military weaponry. The map is based on numerous source maps, some of them going back to the time of Alexander the Great (335 BC).
One section of the map pictures the globe from the perspective of the South Pole. Antarctica is clearly shown on this map and is pictured as being largely ice-free with flowing rivers and a clean coastline. Some of the mountain ranges pictured on the map have only been recently discovered. Photographs of the map can be found on numerous websites; one such photograph appears above.
@Sharon,..I think Stacy said she was bored with that whole debate,…
@Dedo………….fair enough!
@Dedo………so what’s the weather like where you are?
Lots of streaky clouds,…hmm
Days Away From Economic Chaos?
America is just a few days away from a possible day of reckoning. I again call attention to this day, August 25, when the Federal Deposit Insurance Corporation issues its 2nd Quarter report for 2009 on the state of health of American banks.
more . . .
http://www.lewrockwell.com/sardi/sardi116.html
@Dedo…………are they the long thin ones that kind of fluff out, ie. they start out looking like a contrail but then unlike a contrail they do not disappear in 30 seconds but rather remain and spread out?
apparently I’m in the minority that has eyes to see (either that or I’m a freakin’ nut job) : )
Got to go,….!!
Oh, you’re definitely a nutjob! (Ha Ha)
Salbuchi – We Will NOT Bow to the One-World Elite.
793 of the worlds richest have more than 3 billion of the worlds poorest.
Part 1
http://www.youtube.com/watch?v=kfj6ilYAFQ0
Part 2
http://www.youtube.com/watch?v=kJz0xW_ZzFQ
@sharon
Hm.. Stacy is right you know, the has a mind like a lean battleship with lots of radar and a Paris chef..She could unwind your mind simply with words..By the way your cookie can get to large, then you can’t post..
Read the American Monetary Act.
How are things going at the Democratic Party National Convention in Denver this week?
Are they talking about the fact that the Western world is run by an international financial elite headquartered in London, the financial capitals of mainland Europe (such as Frankfurt, Hamburg, Amsterdam, Paris, and Milan), and, of course, New York City?
Are they mentioning at their cocktail parties that the financial elite exert control over the world’s population through the cartels that make up the world’s producing economies and through the civilian and military bureaucracies who work for the governments that kow-tow to them?
Of course they know that the most important cartels are those which control energy resources. And that of these, the commodity of central importance is oil. But is any of this helping them draw conclusions regarding the doubling of oil prices during the last year or about the largest oil company profits in history?
more…
http://whtt.org/index.php?news=2&id=2503
Re: The healthcare issue. Joe Bageant’s take:-
“……..There ain’t any healthcare debate going on, Bubba. What is going on are mob negotiations about insurance, and which mob gets the biggest chunk of the dough, be it our taxpayer dough or the geet that isn’t in ole Jim’s impoverished purse. The hoo-ha is about the insurance racket, not the delivery of healthcare to human beings. It’s simply another form of extorting the people regarding a fundamental need — health.
Unfortunately, the people have been mesmerized by our theater state’s purposefully distracting and dramatic media productions for so long they’ve been mutated toward helplessness. Consequently, they are incapable of asking themselves a simple question: If insurance corporation profits are one third of the cost of healthcare, and all insurance corporations do is deliver our money to healthcare providers for us (or actually, do everything in their power to keep the money for themselves), why do we need insurance companies at all? Answer: Because Wall Street gets a big piece of the action. And nobody messes with the Wall Street Mob (as the bailout extortion money proved). Better (and worse) presidents have tried………”
http://www.joebageant.com/joe/2009/08/the-entertainment-value-of-snuffing-grandma.html
Catching up.
@ Sharon
>Remember, Castro started out with 82 men.
Remember, Castro is a Sovereign Knight of Malta. His allegiance is to the global elite.
Castro is a well known surname of former slave traders from that region.
Notice how Fidel went to jail where he got to read lots and lots of books on revolution, avoid torture/death that befell many of his comrades, and emerge with his baby fat still in place, able to heave out the wicked exploiters. What a military genius! Note how the seeing-eye-A couldn’t quite manage to assassinate him, despite all the attempts. All the US has been able to do is chill its heels from inside Cuba, at Guantanamo Bay, helpless to do anything other than intern would-be escapees paddling to Florida. Darn!. Do you think there was a hidden hand helping Castro? Do you think Castro’s “communist” Cuba has been slightly convenient for the bigger picture, like North Korea is vis a vis Japan? You know, that external threat on the doorstep, that governments like to use to justify their existence?
if power is control and love itself is uncontrollable does that mean love can never manifest true power in any form other than one which is so nebulous & random that it’s consequences must ultimately be negligible in terms of any potential, consciously directed effect(s)?
@sharon … “Salbuchi”
Speaks a lot of truth.
@sharon …. Salbuchi
What he is saying about repudiating the illegal debt thrust upon them applies very nicely to Iceland as well.
obama gets hammered in todays rasmussen poll (-14) approval
http://www.rasmussenreports.com/public_content/politics/obama_administration/obama_approval_index_history
@Phil,
Yes, and as soon as people begin listening to him and Max we might get some where. What he proposes makes sense but it requires the actions of many people – I think we’ll get there.
@Anything but green…………..I’m not buying it. The problem is that if you look hard enough you can see a conspiracy in just about everything. Would you also say that Che Guivara was an agent of the ptb? Or Armadinjhad? Or Chavez? Coz I’ve heard people put forward arguments that all are agents of the ptb. In which case it would seem that the ptb have no enemies – should be a world gov in place already if that is the case.
@disorient……….Love is very powerful actually. The reason being that when we have emotions derived from love our DNA is on full alert, we experience life at a higher frequency which basically means that our antennae is in full working order and able to pick up on what’s going on around us – it means that we become conscious and awake. Why do you think we live in a world where the media is always pushing fear? Remember the ptb own 90% of the media (and all of the msm) and they know that if we are in a state of fear we can’t think clearly. There’s alot of evidence regarding this.
@Phil………..What he is saying about repudiating the illegal debt thrust upon them applies very nicely to Iceland as well.
That’s right and pretty much everywhere else I would think, assuming that for any debt to be valid full disclosure is required.
I remember my obamanoid girlfriend telling me that there wasn’t realistically going to be enough money for universal healthcare. I was really annoyed with her. i told her that the US could afford one if all the other rich countries could – it’s just that the well-off don’t want one. The election was soon to be over and the Obama camp were trying to control expectations I told her – there never was going to be health-care reform. It didn’t matter to her cause Obama was in and even more importantly Bush was out.
Now the bail-outs, according to Berofsky, have rocketed to $23.7 trillion under Obama. That’s enough for between 20 and 30 health-care systems. After damping down expectations about legislating for a health-care system a proposal suddenly appears as if it was there all along and implementation is urgent.
What changed?
The bail-outs couldn’t plug the holes, that’s what. Now they need the insurance money. And It has to be centralised so they can swipe the lot.
So, we’ve gone full circle – the Obamanoid girlfriend is getting the health-care system, that she’s now forgotten wasn’t going to happen, and I don’t think the US can afford one anymore.
Ooooh, theat bwasted wabbit hole.
If the true value of any “nation” is determined by the production of the people (capital), and fiat
currency is determined by the usurpation from the value of production (from the people).
When the currency collapses, isn’t that just an overinflated abstract ideology.
Isn’t it because most folk buy into the system and debate it,…is why it will always work, or not work. ?