Friday, September 29, 2006
WATCH THE DOW FLATLINE TODAY...?
This chart pattern could be interesting... The market masters have an agenda...and perhaps the chart will show us what it is...?
BONDS DAZED AND CONFUSED ABOUT STAGFLATION
The bond market really doesn't know how to react to the inevitable Stagflation Scenario that is developing as the Bubble Era ends... More later.
INFLATION UP...? TIME TO BASH GOLD GOOD!
Alas, the FEDs quiver is nearly empty now... Time to bash gold good!
DOLLAR UP ON BAD INFLATION NEWS...?
Why?
Well because it "means" the FED ain't done yet...
But shhhh...the Street doesn't want to know that yet.
Well because it "means" the FED ain't done yet...
But shhhh...the Street doesn't want to know that yet.
SAVING THE "NEW HIGH" FOR OCTOBER...?
The Street may want the NEW HIGH on the Dow to be a story for October and the "new quarter;" rather than happening on the last trading day of September...the end of the 2d quarter.
The "hype value" of "starting the quarter" with a new high...is much greater, than ending this quarter AT A NEW HIGH.
LEST PEOPLE THINK OF THE NEW HIGH AS "YESTERDAY'S NEWS." AN OLD "DATA POINT" TO BE FORGOTTEN IN FAVOR OF THE NEWS DU JOUR...
Remember Wall Street now is all fake...so appearances mean a lot!
The "hype value" of "starting the quarter" with a new high...is much greater, than ending this quarter AT A NEW HIGH.
LEST PEOPLE THINK OF THE NEW HIGH AS "YESTERDAY'S NEWS." AN OLD "DATA POINT" TO BE FORGOTTEN IN FAVOR OF THE NEWS DU JOUR...
Remember Wall Street now is all fake...so appearances mean a lot!
CORE INFLATION SOARS...
Is Bernanke asleep at the switch...?
Of course, but Bernanke has the same problem that Greenspan had...the US economy is so TOTALLY DEFINED by Wall Street and Wall Street's "performance" that all other monetary considerations are secondary.
Remember: Back in the olden days we did not have our ENTIRE NATIONAL RETIREMENT SCHEME riding on the performance of stocks and bonds!
And that is key...the American public are completely dependant on THE STOCK BUBBLE for their retirements...even as American Capital (ie International Capital) goes off shore to China and to the tax shelters to avoid "supporting" the American market that they have a DEVINE RIGHT TO LOOT TO THE BONE!
In short, how can anything so evil and greedy ever have a good result for the nation...?
But perhaps even the concept of "the nation" is obsolete now that of FREEDOM TO LOOT, STEAL AND BE A GREEDY AS YOU WANT TO BE... is the norm?
WELCOME TO MR FRIEDMAN'S FLAT WORLD ECONOMY...
PROBABLY THE MOST EVIL AND UNSUSTAINABLE ECONOMIC SYSTEM EVER DEVISED BY INTERNATIONAL CAPITAL AND THE GOVERNMENT ELITES WHO SERVE THEM...AND OF COURSE THEIR LACKEYS, STOOGES AND RUNNING DOGS IN THE PRESS.
Of course, but Bernanke has the same problem that Greenspan had...the US economy is so TOTALLY DEFINED by Wall Street and Wall Street's "performance" that all other monetary considerations are secondary.
Remember: Back in the olden days we did not have our ENTIRE NATIONAL RETIREMENT SCHEME riding on the performance of stocks and bonds!
And that is key...the American public are completely dependant on THE STOCK BUBBLE for their retirements...even as American Capital (ie International Capital) goes off shore to China and to the tax shelters to avoid "supporting" the American market that they have a DEVINE RIGHT TO LOOT TO THE BONE!
In short, how can anything so evil and greedy ever have a good result for the nation...?
But perhaps even the concept of "the nation" is obsolete now that of FREEDOM TO LOOT, STEAL AND BE A GREEDY AS YOU WANT TO BE... is the norm?
WELCOME TO MR FRIEDMAN'S FLAT WORLD ECONOMY...
PROBABLY THE MOST EVIL AND UNSUSTAINABLE ECONOMIC SYSTEM EVER DEVISED BY INTERNATIONAL CAPITAL AND THE GOVERNMENT ELITES WHO SERVE THEM...AND OF COURSE THEIR LACKEYS, STOOGES AND RUNNING DOGS IN THE PRESS.
LOOK WHOSE SHOPPING...
Apparently no one...
But the thrift stores always seem to have crowed parking lots! Even a few Navigators and Hummers in there! Of course buying gas for a Hummer would send anyone to the thrift shop!
Or maybe it's just bored millionaires looking for unique items...something you can't find in this season's fall catalogs...?
Or perhaps "early retirees" looking for stuff to sell on Ebay to "buy their pills?"
Bottom Line: It's all over for the American Consumer in fly-over-country...but I suppose they were never the ones Wall Street relied on for the hype.
But now perhaps it's the demise of the better off consumer that we have to worry about...those who'se McMansion has just gone into "negative equity?"
The real story on the real estate collapse has yet to be told... In many areas demand has all but dryed up. Even if "optimistic" listings are still coming in...probably from sellers who need the money for credit card debt.
Oddly even today's inevitable NEW HIGH ON THE DOW seems to be "proof" that the country is moving in the wrong direction and has been for many years under the Republican/Wall Street looters.
But the thrift stores always seem to have crowed parking lots! Even a few Navigators and Hummers in there! Of course buying gas for a Hummer would send anyone to the thrift shop!
Or maybe it's just bored millionaires looking for unique items...something you can't find in this season's fall catalogs...?
Or perhaps "early retirees" looking for stuff to sell on Ebay to "buy their pills?"
Bottom Line: It's all over for the American Consumer in fly-over-country...but I suppose they were never the ones Wall Street relied on for the hype.
But now perhaps it's the demise of the better off consumer that we have to worry about...those who'se McMansion has just gone into "negative equity?"
The real story on the real estate collapse has yet to be told... In many areas demand has all but dryed up. Even if "optimistic" listings are still coming in...probably from sellers who need the money for credit card debt.
Oddly even today's inevitable NEW HIGH ON THE DOW seems to be "proof" that the country is moving in the wrong direction and has been for many years under the Republican/Wall Street looters.
Thursday, September 28, 2006
NEW HIGH A BEAR MARKET RALLY...?
Absolutely! The notion that any "new high" will mark the end of the long term secular bear market is just wishful thinking...
The dollar has plunged since the crash of 2000...the Euro has soared, and gold and oil... The real question is why did it take so long for the nominal value of the Dow to "catch up" with so many things going right/wrong with the US macroeconomic environment...
The Deficits are huge, the wars and the incompetence in Washington...the looting by CEOs continues... The deindustrialization is near fatal...
This so called "new high" is really a macroeconomic new low for the US economy...and if it lulls the FED and others into a false sense of complacency the results will be predictable and Bad!
THE LONG TERM MACROECONOMIC BEAR MARKET FOR THE US ECONOMY IS STILL IN PLACE...YOU SIMPLY CAN NOT INFLATE YOUR WAY INTO PROSPERITY...
YOU CAN NOT DEVALUE YOURSELF OUT OF MACROECONOMIC MISTAKES.
The real anomaly is in the bond market...but that little conundrum is really caused by global central banks not quite being ready for the post-dollar world that must surely come...
Interestingly the depression of the 1930's was really all about the decline of the UK Pound as the "coin of the realm" in world commerce...and the asendency of the dollar...
MAKE NO MISTAKE THIS IS 1932 ALL OVER AGAIN...THE NAMES ARE DIFFERENT BUT WE'VE SEEN THIS MOVIE BEFORE...!
The dollar has plunged since the crash of 2000...the Euro has soared, and gold and oil... The real question is why did it take so long for the nominal value of the Dow to "catch up" with so many things going right/wrong with the US macroeconomic environment...
The Deficits are huge, the wars and the incompetence in Washington...the looting by CEOs continues... The deindustrialization is near fatal...
This so called "new high" is really a macroeconomic new low for the US economy...and if it lulls the FED and others into a false sense of complacency the results will be predictable and Bad!
THE LONG TERM MACROECONOMIC BEAR MARKET FOR THE US ECONOMY IS STILL IN PLACE...YOU SIMPLY CAN NOT INFLATE YOUR WAY INTO PROSPERITY...
YOU CAN NOT DEVALUE YOURSELF OUT OF MACROECONOMIC MISTAKES.
The real anomaly is in the bond market...but that little conundrum is really caused by global central banks not quite being ready for the post-dollar world that must surely come...
Interestingly the depression of the 1930's was really all about the decline of the UK Pound as the "coin of the realm" in world commerce...and the asendency of the dollar...
MAKE NO MISTAKE THIS IS 1932 ALL OVER AGAIN...THE NAMES ARE DIFFERENT BUT WE'VE SEEN THIS MOVIE BEFORE...!
US CORPORATE SECTOR BOOMING...IN CHINA!
The economy is both good and bad... For the US corporate sector things are good especially in China! Hence the myth of a "good economy."
For illegal Mexicans looking for work inside the US...things are great.
But for the average American worker...things have hardly ever been worse.
Thats the real state of play a few weeks before the US elections.
For illegal Mexicans looking for work inside the US...things are great.
But for the average American worker...things have hardly ever been worse.
Thats the real state of play a few weeks before the US elections.
GOLD BEATS DOW AS INVESTMENT...SINCE 2000
There has been a massive devaluation of the dollar since 2000...the Euro, once 87...is now nearly 130... Gold and oil are up big...and they are "priced in dollars"...
Just imagine how this would appear from the vantage point of a Euroland investor!
Just imagine how this would appear from the vantage point of a Euroland investor!
OIL SPIKES ON DOW HIGH...
Bernanke has started a new round of asset inflation...!
The notion of a booming economy and depressed commodities seems to be the latest Wall Street fantasy game...
But since 2000 gold and oil have doubled and the Dow is merely up to it's prior high number NOT adjusted for inflation or the huge rise in gold and oil as alternative investments.
The notion of a booming economy and depressed commodities seems to be the latest Wall Street fantasy game...
But since 2000 gold and oil have doubled and the Dow is merely up to it's prior high number NOT adjusted for inflation or the huge rise in gold and oil as alternative investments.
BONDS COULD TANK AMID THE DOW HYPE
Bonds have got to start confronting reality... This "conundrum" can't go on...
IRAN WILL REJECT TECH GHETTO FOR MUSLIMS
What part of Iran will totally reject being placed in a technological ghetto doesn't the west understand...?
This is so sad and sick... The very notion that certain races and religions can not have assess to certain "dangerous" technology. Iran has said it doesn't want the bomb...and that is all the west and do about it...
The A-bomb is a 1940's technology...it predates commerical FM Radio, Jet Travel, Television, and the personal computer! Can the west also deny access to the Internet to certain peoples who "may" use it for "wrong purposes"... IE perhaps to force Israel to get real about the West Bank settlements and the two state solution?
The Iran deal is a big loser for Bush and the west...and that is why they will push it to the back pages of the newspapers soon...right next to the "effort" to make Social Security "private."
MY ADVICE TO THE NEOCONS IS GET REAL...IT HELPS! AND ASAP...
This is so sad and sick... The very notion that certain races and religions can not have assess to certain "dangerous" technology. Iran has said it doesn't want the bomb...and that is all the west and do about it...
The A-bomb is a 1940's technology...it predates commerical FM Radio, Jet Travel, Television, and the personal computer! Can the west also deny access to the Internet to certain peoples who "may" use it for "wrong purposes"... IE perhaps to force Israel to get real about the West Bank settlements and the two state solution?
The Iran deal is a big loser for Bush and the west...and that is why they will push it to the back pages of the newspapers soon...right next to the "effort" to make Social Security "private."
MY ADVICE TO THE NEOCONS IS GET REAL...IT HELPS! AND ASAP...
ECB STILL RAISING RATES...WILL WHIPSAW DOLLAR?
The dollar is not out of the woods yet...
The fact that Bernanke is fueling this pre-election bubble in stocks will not go unpunished. The dollar will likely fall hard after the elections in the US...
This will cause oil and gold to resume their upward trend...and the FED will eventually get the STAGFLATION SCENARIO that they have been asking for for years!
The fact that Bernanke is fueling this pre-election bubble in stocks will not go unpunished. The dollar will likely fall hard after the elections in the US...
This will cause oil and gold to resume their upward trend...and the FED will eventually get the STAGFLATION SCENARIO that they have been asking for for years!
DOW RECORD IN DEVALUED DOLLARS!
A record high in the Dow today will not really be a record in terms of value...
The dollar has substantially declined in value since the last record high on the Dow. Gold has nearly doubled and so has oil... So, you could buy a lot more gold and oil per dollar the last time the Dow was at these levels than you could today.
Indeed, even the Euro has come from 87 to nearly 130 on the dollar...
So the talk of a record is really only for those inside the US...
As Einstein has noted: Everything is relative.
The dollar has substantially declined in value since the last record high on the Dow. Gold has nearly doubled and so has oil... So, you could buy a lot more gold and oil per dollar the last time the Dow was at these levels than you could today.
Indeed, even the Euro has come from 87 to nearly 130 on the dollar...
So the talk of a record is really only for those inside the US...
As Einstein has noted: Everything is relative.
Wednesday, September 27, 2006
HOW PITIFUL DO WE WANT TO GET...?
I blame the Defeatocrats...! They don't want to talk about the real issues...so they deserve to lose.
Can Americans ever vote for their real interests or are they so stupid that they'll never figure it out...? Do sound bites and twisted slogans always win...?
Can Americans ever vote for their real interests or are they so stupid that they'll never figure it out...? Do sound bites and twisted slogans always win...?
GOLD & OIL BECOME RALLY BELIEVERS...
The Bulls have to be careful who they invite to their parties these days...! Some undesireables may show up as happen today with the gold and oil rallies.
WHY NOT RSS GLOOM AND DOOM...?
And just take the guess work out of it...?
Simply RSS Gloom and Doom to your web page or news reader!
See side bar for RSS links.... It's really quite easy to do.
Simply RSS Gloom and Doom to your web page or news reader!
See side bar for RSS links.... It's really quite easy to do.
MOONSHOT! MOONSHOT! MOONSHOT!
Yeah Baby....DOW AT A RECORD HIGH!
THANK YOU MR BERNANKE! AND MR ROVE!
WE COULD NEVER HAVE DONE IT WITHOUT YOU!
THANK YOU MR BERNANKE! AND MR ROVE!
WE COULD NEVER HAVE DONE IT WITHOUT YOU!
VALUES VOTERS UNITE!
Forget about your jobs, health care, and pensions...they're long gone!
But always remember your kid will have a good job in the military killing Muslims in our "American Crusade" To wit: Bush's inter-generational War on Islam.
Your biggest threat is the flag burners (which I'm sure Rove will recruit before the election) and the Homos hiding in your bushes!
All values voters should also consider...Do you really want to vote for the party of Jessie and Al...?
Better to have no job, no health care, no pension and a dead kid--and let Jesus provide--than to sell your vote to the Defeatocrat sinners!
But always remember your kid will have a good job in the military killing Muslims in our "American Crusade" To wit: Bush's inter-generational War on Islam.
Your biggest threat is the flag burners (which I'm sure Rove will recruit before the election) and the Homos hiding in your bushes!
All values voters should also consider...Do you really want to vote for the party of Jessie and Al...?
Better to have no job, no health care, no pension and a dead kid--and let Jesus provide--than to sell your vote to the Defeatocrat sinners!
DOW COULD PEAK TOO SOON...FOR DEFEATOCRATS TO LOSE
Today's action is all window dressing for the end of the quarter...
But the Happy Daze Rally on Wall Street could peak before the election. Perhaps the feeling is that people are making up their minds now about the election and a last minute run to a new record would look a bit too suspicious...
Indeed, the media have been filled with man-on-the-street interviews wherein the Bubbas have expressed suspicion about the suddenly lower gas prices...
NEVERTHELESS, THE DEFEATOCRATS WILL FIND A WAY TO LOSE IN NOVEMBER...
THERE IS NO PROGRESSIVE AGENDA BEING OFFERED BY THE DEFEATOCRATS.
AND I SERIOUSLY DOUBT THE DEFEATOCRATS WANT "POWER" IN THE KONGRESS AT THIS LATE DATE IN THE TOTAL COLLAPSE OF THE NEOCONS...AND WITH TWO MORE YEARS OF THE BUSH PRESIDENCY TO STRUGGLE THROUGH...!
THE DEFEATOCRATS SIMPLY MUST FIND A WAY TO SELF-DESTRUCT BEFORE ELECTION DAY...
AND I AM CONFIDENT THAT WITH A LITTLE HELP FROM ROVE AND MEHLMAN...THEY WILL BE ABLE TO PULL IT OFF!
PERSONALLY, I WON'T VOTE IN THIS ELECTION... I QUIT VOTING MANY, MANY CYCLES AGO...
I HOPE THE REPUBLICANS WIN OR AT LEAST HOLD THE HOUSE... BECAUSE ONLY MORE RADICAL REPUBLICANISM CAN USHER IN THE COMING "TRUE" PROGRESSIVE ERA IN AMERICAN POLITICS...
WE AIN'T THERE YET...AND THE DEAFEATOCRATS ARE A LONG, LONG WAY FROM BEING TRUE PROGRESSIVES...
IN TRUTH, WE MAY NEED ANOTHER THIRD PARTY TO GET THE REQUIRED CHANGES GOING... THERE IS A TRADITION OF THAT IN AMERICAN POLITICS GOING BACK TO THE ABOLITIONISTS!
WHERE ARE NADER AND PEROT WHEN YOU REALLY NEED THEM!! SILENT...
HAS ANYONE HEARD FROM EITHER OF THEM LATELY...?
But the Happy Daze Rally on Wall Street could peak before the election. Perhaps the feeling is that people are making up their minds now about the election and a last minute run to a new record would look a bit too suspicious...
Indeed, the media have been filled with man-on-the-street interviews wherein the Bubbas have expressed suspicion about the suddenly lower gas prices...
NEVERTHELESS, THE DEFEATOCRATS WILL FIND A WAY TO LOSE IN NOVEMBER...
THERE IS NO PROGRESSIVE AGENDA BEING OFFERED BY THE DEFEATOCRATS.
AND I SERIOUSLY DOUBT THE DEFEATOCRATS WANT "POWER" IN THE KONGRESS AT THIS LATE DATE IN THE TOTAL COLLAPSE OF THE NEOCONS...AND WITH TWO MORE YEARS OF THE BUSH PRESIDENCY TO STRUGGLE THROUGH...!
THE DEFEATOCRATS SIMPLY MUST FIND A WAY TO SELF-DESTRUCT BEFORE ELECTION DAY...
AND I AM CONFIDENT THAT WITH A LITTLE HELP FROM ROVE AND MEHLMAN...THEY WILL BE ABLE TO PULL IT OFF!
PERSONALLY, I WON'T VOTE IN THIS ELECTION... I QUIT VOTING MANY, MANY CYCLES AGO...
I HOPE THE REPUBLICANS WIN OR AT LEAST HOLD THE HOUSE... BECAUSE ONLY MORE RADICAL REPUBLICANISM CAN USHER IN THE COMING "TRUE" PROGRESSIVE ERA IN AMERICAN POLITICS...
WE AIN'T THERE YET...AND THE DEAFEATOCRATS ARE A LONG, LONG WAY FROM BEING TRUE PROGRESSIVES...
IN TRUTH, WE MAY NEED ANOTHER THIRD PARTY TO GET THE REQUIRED CHANGES GOING... THERE IS A TRADITION OF THAT IN AMERICAN POLITICS GOING BACK TO THE ABOLITIONISTS!
WHERE ARE NADER AND PEROT WHEN YOU REALLY NEED THEM!! SILENT...
HAS ANYONE HEARD FROM EITHER OF THEM LATELY...?
FLAG BURNERS WANTED...
Clearly, the Rovian Republican strategy of winning this election for the Neocons based on Flag Burning and Gay Marriage is in trouble...
There is quite simply a shortage of people wanting to burn flags domestically...
Indeed, most of the flag burning video we've been seeing has had to come from over-seas these days...of course, that's where everything else in America comes from these days!
WHAT ROVE NEEDS IS SOME DOMESTIC FLAG BURNERS...ASAP!
I WOULD ENCOURAGE UNDER-EMPOLYED PERSONS TO APPLY AT THE REPUBLICAN NATIONAL ELECTION OFFICE ASAP... THEY MAY BE HIRING!
WHAT ROVE NEEDS IS ANOTHER "SWIFT BOAT" STYLE SMEAR CAMPAIGN AND SOON!
... HE JUST WON'T DO IT ON THE CURRENT NEWS CYCLE ALONE...
There is quite simply a shortage of people wanting to burn flags domestically...
Indeed, most of the flag burning video we've been seeing has had to come from over-seas these days...of course, that's where everything else in America comes from these days!
WHAT ROVE NEEDS IS SOME DOMESTIC FLAG BURNERS...ASAP!
I WOULD ENCOURAGE UNDER-EMPOLYED PERSONS TO APPLY AT THE REPUBLICAN NATIONAL ELECTION OFFICE ASAP... THEY MAY BE HIRING!
WHAT ROVE NEEDS IS ANOTHER "SWIFT BOAT" STYLE SMEAR CAMPAIGN AND SOON!
... HE JUST WON'T DO IT ON THE CURRENT NEWS CYCLE ALONE...
DOW 13,000 FOR THE ELECTION?
Clearly the public is so dissatisfied that a major event is necessary to maintain the political status quo which both the Wall Street Republicans and the Defeatocrats have a vested interest in preserving...
Republican have been relying on flag burning and gay marriage...but now it appears that some temporary economy "news" will be necessary too.
LOOK FOR $1.90 GAS AND A 13,000 DOW BY ELECTION DAY...
WILL THE BUBBA'S AND OTHER AMERICAN SUCKERS BITE...? OF COURSE!
NEVER, NEVER UNDERESTIMATE THE STUPIDITY OF THE AMERICAN PUBLIC!
HUGE MARKET RALLIES...NEARLY EVERYDAY...WITH SHORT, STEEP SELLOFFS TO MAINTAIN THE ILLUSION OF UPWARD MOMENTUM...
BUY ANY BIG DIP...AND SELL THE SUBSEQUENT SPIKES...
THIS IS GOING TO BE A DAYTRADERS PARADISE...ALSO "PAIR-A-DICE"....
THE HAPPY DAZE WILL BE TEMPORARY...BUT SO IS ANY OTHER GAIN ON WALL STREET...
Republican have been relying on flag burning and gay marriage...but now it appears that some temporary economy "news" will be necessary too.
LOOK FOR $1.90 GAS AND A 13,000 DOW BY ELECTION DAY...
WILL THE BUBBA'S AND OTHER AMERICAN SUCKERS BITE...? OF COURSE!
NEVER, NEVER UNDERESTIMATE THE STUPIDITY OF THE AMERICAN PUBLIC!
HUGE MARKET RALLIES...NEARLY EVERYDAY...WITH SHORT, STEEP SELLOFFS TO MAINTAIN THE ILLUSION OF UPWARD MOMENTUM...
BUY ANY BIG DIP...AND SELL THE SUBSEQUENT SPIKES...
THIS IS GOING TO BE A DAYTRADERS PARADISE...ALSO "PAIR-A-DICE"....
THE HAPPY DAZE WILL BE TEMPORARY...BUT SO IS ANY OTHER GAIN ON WALL STREET...
Tuesday, September 26, 2006
A LOT OF WINDOW DRESSING..
But will the house be repossessed in October...?
The market has it's own agenda at times, and no amount of economics can change that.
As to the record highs...there is simply no reason to believe in it. This economy is over-bought, over-invested over-indebted and on the verge of a major stagflation event.
So, no wonder a nowhere fast market looks good...
The market has it's own agenda at times, and no amount of economics can change that.
As to the record highs...there is simply no reason to believe in it. This economy is over-bought, over-invested over-indebted and on the verge of a major stagflation event.
So, no wonder a nowhere fast market looks good...
BUSH IS A BIG MORON
Bush's preformance today on the Intelligence Report was a unmitigated and TOTAL disaster...
Bush should be impeached in January... ASAP.
And, after he's out of office, he should be investigated for his War Crimes....
And that is the sad truth...
Bush should be impeached in January... ASAP.
And, after he's out of office, he should be investigated for his War Crimes....
And that is the sad truth...
COMMODITIES WILL TREAD WATER...
Commodities will tread water until after the elections
Proof positive that the stock rally is a fake! Why? Well if anyone really believed that the economy and stocks were "booming" next year...Commodites would also be rallying.
Proof positive that the stock rally is a fake! Why? Well if anyone really believed that the economy and stocks were "booming" next year...Commodites would also be rallying.
WATCH FOR THE BUSH PUPPET SHOW BEFORE THE ELECTION
Today, it was The "Green Hornet" Mr. Kazazi being supportive of Bush and his nut-ball War on Terror...
Last week it was the P.M. and the "Greenzonian" Prez of Iraq...
Even Moochie Musharraf chimed in this week...but he was just selling his book...no harm in that!
Watch for the Bush puppet show this fall...coming to a Republican rally near you!
Indeed Bush just won't let his "puppets" go home! The Puppet Show continues even now!
Last week it was the P.M. and the "Greenzonian" Prez of Iraq...
Even Moochie Musharraf chimed in this week...but he was just selling his book...no harm in that!
Watch for the Bush puppet show this fall...coming to a Republican rally near you!
Indeed Bush just won't let his "puppets" go home! The Puppet Show continues even now!
HAPPY DAZE ARE QUEER AGAIN!
What can you say about this Dow rally to new highs?
I would suggest: SELL!! SELL!! SELL!!
And that's when I'm in a good mood...
This is totally driven by the elections...which the Republicans are going to lose BADLY!... Then what...? Well of course a big sell off to embarass the newly Democratic Kongress...
If you believe this "rally"...you probably think that Mr Karazi actually "runs" Afghanistan!
I would suggest: SELL!! SELL!! SELL!!
And that's when I'm in a good mood...
This is totally driven by the elections...which the Republicans are going to lose BADLY!... Then what...? Well of course a big sell off to embarass the newly Democratic Kongress...
If you believe this "rally"...you probably think that Mr Karazi actually "runs" Afghanistan!
HITLER AS STARVING ARTIST...?
Yes! Yes definitely! With this stuff he would surely have starved! The last time I saw art this bad some guy was trying to sell it off the back of his pick-up truck!
HEALTH CARE REMAINS UNDISCUSSIBLE FOR DEFEATOCRATS
Follow the money...that's what the Defeatocrats do!
COMMODITIES RESTING...TILL AFTER THE US ELECTION
No big moves...no epiphanies...no surprises. So Sorry... But wait till November 15!
SADDAM TRIAL BECOMING INTERATIONAL JOKE
The Saddam trial has become an international joke... Unfortunately it's being watched in the Arab and Muslim world intensely.
The very idea that the US occupation will get a death sentence against Saddam is the worst possible outcome... The day Saddam is executed half the Muslims in the world will rise up against the US, Israel and their occuptions.
The best way for the Saddam trial to end would be like the Slobo trial ended...death by "natural causes" while in custody... I'm sure the authorities can have that arranged. The entire Muslim would be outraged if the occupation executed Saddam...if more Muslim "outrage" is even possible these days!
The very idea that the US occupation will get a death sentence against Saddam is the worst possible outcome... The day Saddam is executed half the Muslims in the world will rise up against the US, Israel and their occuptions.
The best way for the Saddam trial to end would be like the Slobo trial ended...death by "natural causes" while in custody... I'm sure the authorities can have that arranged. The entire Muslim would be outraged if the occupation executed Saddam...if more Muslim "outrage" is even possible these days!
A DEMOCRATIC POSITION ON THE WAR?
I'd suggest that Democrats take this position on the war in the middle east:
1. Tell Israel to forget about "Biblical" or Greater Israel on the West Bank NOW... And give them six months to set up a Palestinian State on the West Bank. Because if there is going to be an Biblical or "Greater Israel" it's going to have to wait until AFTER Jesus returns...not before!
2. Promise to put Dubya, Cheney, Rummy and the Neocons on trial for war crimes ASAP.
THEN WATCH WORLD AND US OPINION TURN AROUND ON A DIME....!
Impossible? Perhaps, but it's never too late to Get Real!
1. Tell Israel to forget about "Biblical" or Greater Israel on the West Bank NOW... And give them six months to set up a Palestinian State on the West Bank. Because if there is going to be an Biblical or "Greater Israel" it's going to have to wait until AFTER Jesus returns...not before!
2. Promise to put Dubya, Cheney, Rummy and the Neocons on trial for war crimes ASAP.
THEN WATCH WORLD AND US OPINION TURN AROUND ON A DIME....!
Impossible? Perhaps, but it's never too late to Get Real!
THE STREET STRUGGLES TO FIND IT'S HAPPY FACE
The Hosannas about oil and gold are probably premature... But gas prices have fallen in the US at a far faster rate than oil prices would indicate.
Clearly Big Oil is afraid that their little PRICE GOUGE this summer has pissed off the American consumer, who in November is going to become the American Voter!
But now that prices are down...Bubba is smiling again...even if his job and pension have moved to China...
Never underestimate the stupidity of the American Voter... By election today the Rovians will have Bubba and his lady friend all lathered up about Flag Burning and Gay Marriage...
SO, THE LOOTING ON WALL STREET CAN CONTINUE FOR AT LEAST A COUPLE MORE YEARS...
ALAS, BUBBA IS A VERY VERY SLOW LEARNER!
Clearly Big Oil is afraid that their little PRICE GOUGE this summer has pissed off the American consumer, who in November is going to become the American Voter!
But now that prices are down...Bubba is smiling again...even if his job and pension have moved to China...
Never underestimate the stupidity of the American Voter... By election today the Rovians will have Bubba and his lady friend all lathered up about Flag Burning and Gay Marriage...
SO, THE LOOTING ON WALL STREET CAN CONTINUE FOR AT LEAST A COUPLE MORE YEARS...
ALAS, BUBBA IS A VERY VERY SLOW LEARNER!
WHY A STRONGER DOLLAR...?
This notion that the pull back in commodities like oil and gold is BECAUSE of the stronger dollar is a bit odd...
Why is the Dollar stronger...
The FED is done raising rates...they are in total panic about the house bubble crashing...and the slow down in consumer spending.
The banks are taking in foreclosures at record rates...eventually that starts to bite the dollar.
The debt and deficits in Washington are determined to "stay the course" until the bond market starts to punish the economy... Shades of Vietnam and Johnson... Yes you can fool the bond market for a while ...but not forever.
The wars are going lousy...and getting worse. And who knows maybe Osama isn't dead yet.
WHY THE STRONGER DOLLAR? I JUST DON'T SEE IT.
Likely this is just a market phenomenon...induced by the big money hedge funds, central banks and other big players who are not quite ready for the Post-Dollar Global Economy...
But it's coming...all the macroeconomic data is pointing away from the dollar now.
Why is the Dollar stronger...
The FED is done raising rates...they are in total panic about the house bubble crashing...and the slow down in consumer spending.
The banks are taking in foreclosures at record rates...eventually that starts to bite the dollar.
The debt and deficits in Washington are determined to "stay the course" until the bond market starts to punish the economy... Shades of Vietnam and Johnson... Yes you can fool the bond market for a while ...but not forever.
The wars are going lousy...and getting worse. And who knows maybe Osama isn't dead yet.
WHY THE STRONGER DOLLAR? I JUST DON'T SEE IT.
Likely this is just a market phenomenon...induced by the big money hedge funds, central banks and other big players who are not quite ready for the Post-Dollar Global Economy...
But it's coming...all the macroeconomic data is pointing away from the dollar now.
Monday, September 25, 2006
OPEC PUTS PEP BACK IN OIL...
But gas under $2 is guaranteed on election day! Trade that if you can...
THE FALLACY OF "KILLING TERRORISTS."
The biggest mistake of the middle east wars so far is this notion that if only we can KILL MORE OF THEM...IT WILL ALL BE OVER...!
This is totally false...and it's a recipe for even more disasters.
The problem is that occupying powers almost never prevail in modern times, because the more insurgents they kill--the madder the occupied people become.
Israel is a prime example... After 60 years of killing Palestinians...there is still an endless supply of people willing to die on the slightest prospect of "taking out" a few Jews.
In the past....the deep past...occupying powers would have to commit massive attrocities to subdue the native populations...
Indeed the British were the last to use this technique effectively.
But this notion of conquest by attrocity is not likely to be tolerated in today's geopolitics.
The last major "attrocity" was the US A-bombs used on Japan... And of course there was the total destruction of Germany from the air in 1944.
But it's much easier to commit civilian attrocities against enemies with actual armies... Then these armies are put into disrepute by their native populations...and eventually a new leadership evolves...as in Germany and Japan.
The Islamists are really a totally different breed...
You need to go back two to five hundred years to see how they have fought the west in the past... The history of the Crusades looms large here...
Of course to most Americans that was the part of the history book that the teacher always "skipped" at the end of the year! Right?
My operating assumption is that: first, ALL MUSLIMS are angry at the west...and second, that we can not kill all of them...
So sooner or later some accomedation must be made...
Amazingly, THAT ACCOMEDATION is easy, or was easy, to do...
Solve the West Bank problem...AND stop these nutty occupations of Arab and Muslim land... because we will never be able to "steal their oil!" So forget about it.
Besides, it's much cheaper to buy oil at world market prices...
So, for the west the answer is as easy as the old proverb:
If you find your self in a hole...the first thing to do is: Quit Digging!
In this context that means: QUIT KILLING MUSLIMS...AND ASAP.
THESE "WARS" ONLY MAKE MATTERS WORSE...
Still the Moron-in-Chief at the White House is afraid to stop for fear of the disaster that will surely follow. Shades of Hitler in 1944!
This is totally false...and it's a recipe for even more disasters.
The problem is that occupying powers almost never prevail in modern times, because the more insurgents they kill--the madder the occupied people become.
Israel is a prime example... After 60 years of killing Palestinians...there is still an endless supply of people willing to die on the slightest prospect of "taking out" a few Jews.
In the past....the deep past...occupying powers would have to commit massive attrocities to subdue the native populations...
Indeed the British were the last to use this technique effectively.
But this notion of conquest by attrocity is not likely to be tolerated in today's geopolitics.
The last major "attrocity" was the US A-bombs used on Japan... And of course there was the total destruction of Germany from the air in 1944.
But it's much easier to commit civilian attrocities against enemies with actual armies... Then these armies are put into disrepute by their native populations...and eventually a new leadership evolves...as in Germany and Japan.
The Islamists are really a totally different breed...
You need to go back two to five hundred years to see how they have fought the west in the past... The history of the Crusades looms large here...
Of course to most Americans that was the part of the history book that the teacher always "skipped" at the end of the year! Right?
My operating assumption is that: first, ALL MUSLIMS are angry at the west...and second, that we can not kill all of them...
So sooner or later some accomedation must be made...
Amazingly, THAT ACCOMEDATION is easy, or was easy, to do...
Solve the West Bank problem...AND stop these nutty occupations of Arab and Muslim land... because we will never be able to "steal their oil!" So forget about it.
Besides, it's much cheaper to buy oil at world market prices...
So, for the west the answer is as easy as the old proverb:
If you find your self in a hole...the first thing to do is: Quit Digging!
In this context that means: QUIT KILLING MUSLIMS...AND ASAP.
THESE "WARS" ONLY MAKE MATTERS WORSE...
Still the Moron-in-Chief at the White House is afraid to stop for fear of the disaster that will surely follow. Shades of Hitler in 1944!
SLOW HOUSING MARKET GOOD FOR BONDS?
Well, not if you're a bank that is taking in all those new "repos!"
Or, a bank that has to charge higher rates to cover all of the house bubble losses that are surely coming next year.
Or, a bank that has to charge higher rates to cover all of the house bubble losses that are surely coming next year.
AFTER THE BELL...WELCOME GLOBAL BLOG READERS.
Welcome global blog surfers... This is the place for grass roots reality based market commentary AFTER THE BELL...
600 AND 60...
As long as gold is teasing $600 and oil is flittering around $60...nothing too bad can happen...
In fact those levels seem to be the sine qua non for the present range bound market.
For all the talk of plunging commodities...600 and 60 are levels not likely to be convincingly broken any time soon... The macroeconomics always kicks in at that point.
Now, gold under 550 and oil under 55...? Well that's another story...THAT will require an explanation that goes beyond the daily happy talk.
In fact those levels seem to be the sine qua non for the present range bound market.
For all the talk of plunging commodities...600 and 60 are levels not likely to be convincingly broken any time soon... The macroeconomics always kicks in at that point.
Now, gold under 550 and oil under 55...? Well that's another story...THAT will require an explanation that goes beyond the daily happy talk.
GAS UNDER $2 BY ELECTION DAY...!
Then gas soars on the discontent of losers AFTER THE ELECTION...
And lets hope that Lieberman doesn't decided to follow the Mexican Model and set up a shadow government... That seems to be the trend these days.
And lets hope that Lieberman doesn't decided to follow the Mexican Model and set up a shadow government... That seems to be the trend these days.
OIL: A TAX OR A "WAGE HIKE...?"
Remember last summer when higher oil was an anti-inflationary "tax" on the consumer...and therefore a "good thing?"
Well now that oil is going down...why don't the same people argue that lower oil prices are INFLATIONARY...BECAUSE NOW CONSUMERS HAVE MORE MONEY TO SPEND...AND EVERYONE KNOWS THAT A CONSUMER WITH MONEY IS AN INFLATION THREAT!
Well, I guess consistency is NOT an attribute highly valued on Wall Street.
Anyhow...perhaps the lower oil prices will allow some consumers to keep paying on their "ARMs," and other "creative mortgages"---EVEN AFTER THEIR EQUITY GOES NEGATIVE NEXT YEAR...!
SO, THERE ARE AN INFINITE NUMBER OF WAYS FOR WALL STREET TO "GET HAPPY"...ESPECIALLY WHEN THE FED IS CONTENT TO BE THE TOOL OF THE SPECULATORS...
AND HAS LONG AS THE BIG SUCKERS OVERSEAS KEEP BUYING OUR BONDS...WHO'SE GONNA COMPLAIN....
Well now that oil is going down...why don't the same people argue that lower oil prices are INFLATIONARY...BECAUSE NOW CONSUMERS HAVE MORE MONEY TO SPEND...AND EVERYONE KNOWS THAT A CONSUMER WITH MONEY IS AN INFLATION THREAT!
Well, I guess consistency is NOT an attribute highly valued on Wall Street.
Anyhow...perhaps the lower oil prices will allow some consumers to keep paying on their "ARMs," and other "creative mortgages"---EVEN AFTER THEIR EQUITY GOES NEGATIVE NEXT YEAR...!
SO, THERE ARE AN INFINITE NUMBER OF WAYS FOR WALL STREET TO "GET HAPPY"...ESPECIALLY WHEN THE FED IS CONTENT TO BE THE TOOL OF THE SPECULATORS...
AND HAS LONG AS THE BIG SUCKERS OVERSEAS KEEP BUYING OUR BONDS...WHO'SE GONNA COMPLAIN....
OF ARMS AND THE HOUSING BUBBLE..
With rates going up and prices going down... And with the large number of "creative mortgages" in the pipeline...
Can NEGATIVE EQUITY be far behind...?
INDEED NEGATIVE EQUITY COULD BE THE BIG ECONOMIC STORY OF 2007...!
AND THAT'S MY FIRST PREDICTION FOR 2007...
Can NEGATIVE EQUITY be far behind...?
INDEED NEGATIVE EQUITY COULD BE THE BIG ECONOMIC STORY OF 2007...!
AND THAT'S MY FIRST PREDICTION FOR 2007...
WILL THE ELECTIONS SAVE THE MARKET...
It's possible that the election will save the market from reality this October...
The last thing Washington wants is a down market just before a key Congressional election.
Likely the reality of 2007...with all the problems of bursting bubbles will be put off until after the election is over...
THE STREET AND WASHINGTON KNOW VERY WELL HOW TO GO NOWHERE FAST.
AND THE LAST MONTH BEFORE A KEY ELECTION IS NOT THE TIME TO TAKE CHANCES.
LOOK FOR LOTS OF HAPPY FACE RALLIES...WITH SHARP ONE DAY DECLINES...BASED ON EVENTS BY THE "EVIL DOERS"...NEVER ON THE FACTS OF THE US ECONOMY...
WE COULD BE TREADING WATER...OR EVEN HITTING NEW HIGHS...BUT ONLY FOR A WHILE AND ONLY IN THE RUN UP TO THE ELECTION...
BUT PER USUAL...HAPPY DAZE ARE QUEER AGAIN...
This is a market that can't really go up...but doesn't have the stomach to go down...which really means that the assets of the mega-rich are being "protected" from "deflation"...and on the Street and in Washington...THAT'S ALWAYS A GO THING.
The last thing Washington wants is a down market just before a key Congressional election.
Likely the reality of 2007...with all the problems of bursting bubbles will be put off until after the election is over...
THE STREET AND WASHINGTON KNOW VERY WELL HOW TO GO NOWHERE FAST.
AND THE LAST MONTH BEFORE A KEY ELECTION IS NOT THE TIME TO TAKE CHANCES.
LOOK FOR LOTS OF HAPPY FACE RALLIES...WITH SHARP ONE DAY DECLINES...BASED ON EVENTS BY THE "EVIL DOERS"...NEVER ON THE FACTS OF THE US ECONOMY...
WE COULD BE TREADING WATER...OR EVEN HITTING NEW HIGHS...BUT ONLY FOR A WHILE AND ONLY IN THE RUN UP TO THE ELECTION...
BUT PER USUAL...HAPPY DAZE ARE QUEER AGAIN...
This is a market that can't really go up...but doesn't have the stomach to go down...which really means that the assets of the mega-rich are being "protected" from "deflation"...and on the Street and in Washington...THAT'S ALWAYS A GO THING.
Sunday, September 24, 2006
DON'T RULE OUT A MARKET CRASH IN OCTOBER
The conventional wisdom has always been that the FED would not "allow" a market crash...
And that the Plunge Protection Team would snap into action at the least unpleasantness. And that may be true even yet.
If the markets were to dive...the Bernanke FED would likely lower rates immediately... But if the problem is the dollar and the deficits...THAT would be like pouring gasoline on a fire.
The economy is tending toward STAGFALTION---that is the great underlying force in the economy...
And of course the forces against this are Washington, Wall Street and the FED...and perhaps some global central banks who are quite ready for the Post-Dollar World.
Still I would not rule out a market crash in October... It will need a catalyst... Some event, perhaps minor, that spins out of control... Perhaps taking out a hedge fund or a large bank.
This market has been walking on eggs for years now...and it wouldn't take much to take it down.
And that the Plunge Protection Team would snap into action at the least unpleasantness. And that may be true even yet.
If the markets were to dive...the Bernanke FED would likely lower rates immediately... But if the problem is the dollar and the deficits...THAT would be like pouring gasoline on a fire.
The economy is tending toward STAGFALTION---that is the great underlying force in the economy...
And of course the forces against this are Washington, Wall Street and the FED...and perhaps some global central banks who are quite ready for the Post-Dollar World.
Still I would not rule out a market crash in October... It will need a catalyst... Some event, perhaps minor, that spins out of control... Perhaps taking out a hedge fund or a large bank.
This market has been walking on eggs for years now...and it wouldn't take much to take it down.
DEMOCRATS COULD LEARN FROM CLINTON
Clinton's spirited defense on FOX news today should be a lesson to all Defeatocrats...who seem to be Born to Lose!
For some reason the conservative agenda is not looked at too closely...and it is given a "pass" on intellectual rigor whenever possible... But why is this?
It's probably because the rich favor the conservative agenda, and the rich also control the media outlets...ya suppose?
It is unlikely that ANY Democrat could screw up as badly as Bush & Co have and still have any standing in the polls...
If the Democrats were as horrid as Dubya has been the outcry from the conservative media would have been deafening...and the public would have been encouraged to jump into the fray...
SO WE HAVE THE DEMOCRATIC ANOMALY WHERE REPUBLICANS ARE ALLOWED TO MAKE THE MOST DISASTEROUS MISTAKES...AND STILL GET A PASS... REMEMBER WHEN THE MEDIA WERE DECLARING THAT DUBYA "WON" THE DEBATES...EVEN THOUGH HE MERELY STAMMERED OUT SLOGANS AND MANTRAS WITH LITTLE IN THE WAY OF UNDERSTANDING OR EXPLANATION.
YET DEMOCRATS REALLY CAN'T WIN FOR LOSING...THEY ARE NIT-PICKED FROM THE VERY START, BY THOSE WHO SEEK RATHER TO CONFUSE THE PUBLIC, THAN TO EXPLAIN THINGS...
AND OF COURSE THE BRAINLESS BUBBA AMERICANS LOVE IT... THESE FOOLS THINK THEY'RE VOTING FOR JESUS!
It will be interesting to see how historians handle the current domination of the media by the rich...
But we see the results everyday it seems... Elections are held...and if the rich don't like the result...something else happens...
A bad count. A coup. Or as with Hamas and Hizbollah the rich just refuse to accept the results.
My hunch is that the weathy will go back to the tried and true...and forget this democracy thing soon...
The Cold War Era Death Squads were far more effective in getting the rich folks message across.
NONE DARE CALL THIS DEMOCRACY!
And that is why I have quit voting in the last several election cycles...
For some reason the conservative agenda is not looked at too closely...and it is given a "pass" on intellectual rigor whenever possible... But why is this?
It's probably because the rich favor the conservative agenda, and the rich also control the media outlets...ya suppose?
It is unlikely that ANY Democrat could screw up as badly as Bush & Co have and still have any standing in the polls...
If the Democrats were as horrid as Dubya has been the outcry from the conservative media would have been deafening...and the public would have been encouraged to jump into the fray...
SO WE HAVE THE DEMOCRATIC ANOMALY WHERE REPUBLICANS ARE ALLOWED TO MAKE THE MOST DISASTEROUS MISTAKES...AND STILL GET A PASS... REMEMBER WHEN THE MEDIA WERE DECLARING THAT DUBYA "WON" THE DEBATES...EVEN THOUGH HE MERELY STAMMERED OUT SLOGANS AND MANTRAS WITH LITTLE IN THE WAY OF UNDERSTANDING OR EXPLANATION.
YET DEMOCRATS REALLY CAN'T WIN FOR LOSING...THEY ARE NIT-PICKED FROM THE VERY START, BY THOSE WHO SEEK RATHER TO CONFUSE THE PUBLIC, THAN TO EXPLAIN THINGS...
AND OF COURSE THE BRAINLESS BUBBA AMERICANS LOVE IT... THESE FOOLS THINK THEY'RE VOTING FOR JESUS!
It will be interesting to see how historians handle the current domination of the media by the rich...
But we see the results everyday it seems... Elections are held...and if the rich don't like the result...something else happens...
A bad count. A coup. Or as with Hamas and Hizbollah the rich just refuse to accept the results.
My hunch is that the weathy will go back to the tried and true...and forget this democracy thing soon...
The Cold War Era Death Squads were far more effective in getting the rich folks message across.
NONE DARE CALL THIS DEMOCRACY!
And that is why I have quit voting in the last several election cycles...
MARKETS HIT BY GLOOM AND DOOM
Could reality finally be coming to Wall Street after all these years...?
Well it's never to late to grow up...and get real.
Well it's never to late to grow up...and get real.
Saturday, September 23, 2006
BIN LADEN DEATH EXAGGERATED...?
So if Bin Laden is dead then the Arabs will let Bush and the Neocons take over their countries...?
Bin Laden alive is better for the Neocons than Bin Laden dead...
And that is really the entire fallacy of the western approach to the middle east... The unwillingness to confront reality...and the tendency to create straw men and bogus issues to avoid talking about the real problem... Namely, Israel's occupation of the West Bank and their refusal to allow a Palestinian state inside "Greater Israel"...
The Zionists are the real problem... Bin Laden is merely a "symptom" ... Killing Bin Laden will like saying that measles is "caused by" red spots on the body.... Never mistake the symptom for the cause...
That's really the why and wherefore of the failure of the US in the middle east...
Indeed, Bin Laden could be "living" in the mountains of Pakistan for hundreds of years to come! Even has his followers die for him: and await his "Second Coming" to restore Muslim Greatness... It's happen before your know... There was once a Jewish Rabble-Rouser--but you know that story.
So be careful what you wish for...
Bin Laden alive is better for the Neocons than Bin Laden dead...
And that is really the entire fallacy of the western approach to the middle east... The unwillingness to confront reality...and the tendency to create straw men and bogus issues to avoid talking about the real problem... Namely, Israel's occupation of the West Bank and their refusal to allow a Palestinian state inside "Greater Israel"...
The Zionists are the real problem... Bin Laden is merely a "symptom" ... Killing Bin Laden will like saying that measles is "caused by" red spots on the body.... Never mistake the symptom for the cause...
That's really the why and wherefore of the failure of the US in the middle east...
Indeed, Bin Laden could be "living" in the mountains of Pakistan for hundreds of years to come! Even has his followers die for him: and await his "Second Coming" to restore Muslim Greatness... It's happen before your know... There was once a Jewish Rabble-Rouser--but you know that story.
So be careful what you wish for...
WELCOME GLOBAL BLOG READERS...
Gloom and Doom is regularly viewed on six continents...
This is your place for a grass roots view of America and Americans from the liberal point of view...
This is your place for a grass roots view of America and Americans from the liberal point of view...
ARE ISLAMISTS THE ONLY ONES WHO CAN CONTROL MUSLIM NATIONS?
If so why are we fighting them...? Would it not be wiser to make them our allies....?
And but for Israel's stalling on the West Bank...we could do just that!
Just a little cosmic thought for your Saturday consideration.
And no, I don't believe they "want to kill us"... Because they only want to kill us when we are taking their land. And the notion of a "New Caliphate" is just extremist drivel from one radical group to the other...from Osama to the NEOCONS!
Can we afford to allow the "extremes" on both sides to define this problem? I don't think so...
And but for Israel's stalling on the West Bank...we could do just that!
Just a little cosmic thought for your Saturday consideration.
And no, I don't believe they "want to kill us"... Because they only want to kill us when we are taking their land. And the notion of a "New Caliphate" is just extremist drivel from one radical group to the other...from Osama to the NEOCONS!
Can we afford to allow the "extremes" on both sides to define this problem? I don't think so...
GOLD AND GOLD STOCKS UP NICELY...
This is still a range bound market...will lots of excitement but little in the way of real gains...
Gold is rebounding off of big drops... Little can be expected until after the elections...
Gold is rebounding off of big drops... Little can be expected until after the elections...
Friday, September 22, 2006
DOLLAR DROP...
The dollar is all about the FEDs need to stay above 130 on the Euro...
So far so good.
But with the massive US deficits and consumer debt--and with the housing bubble now poping, and the knock-on effects from that...
The dollar will have to drop just to stay based in economic reality. Of course that effects gold and oil... Then the FED will step in and raise rates... And so it goes.
Our little summer honeymoon at the FED will have serious "costs" later this year...and on into 2007.
That is likely what the market is "really" reacting to today...
The weak manufacturing report is really the result of LONG TERM POLCIY DECISIONS that have been working against manufactuing inside the US for literally years...
So far so good.
But with the massive US deficits and consumer debt--and with the housing bubble now poping, and the knock-on effects from that...
The dollar will have to drop just to stay based in economic reality. Of course that effects gold and oil... Then the FED will step in and raise rates... And so it goes.
Our little summer honeymoon at the FED will have serious "costs" later this year...and on into 2007.
That is likely what the market is "really" reacting to today...
The weak manufacturing report is really the result of LONG TERM POLCIY DECISIONS that have been working against manufactuing inside the US for literally years...
"MOOCHIE" MUSHARRAF STILL FLIM-FLAMMING BUSH & NEOCONS
Osama has been "in" Pakistan for years...and no one can find him...? Come on...who but a stupid Republican could believe that...!
Looks like the threats about Bombing Pakistan back to the Stone Age didn't work... The Neocons should have used that threat against Somalia...it would be been a short trip!
Looks like the threats about Bombing Pakistan back to the Stone Age didn't work... The Neocons should have used that threat against Somalia...it would be been a short trip!
IS IT FOOD TERRORISM...?
Unless someone starts coming up with explanations quickly... This tainted spinach debacle could start to look like food terrorism... It has all the hallmarks that Osama likes...it's quick, cheap and potentially very disruptive.
We need an expanation in the next few days...if it is "merely" dirty equipment or handling proceedures THAT should not be that hard to find... Or has the Bush Tax Cuts even gutted the food safety programs...?
We need an expanation in the next few days...if it is "merely" dirty equipment or handling proceedures THAT should not be that hard to find... Or has the Bush Tax Cuts even gutted the food safety programs...?
FORGET STARBUCKS...
The cost of a single cup of coffee at Starbucks is nearly equal to what it would cost to buy the beans for 20 pots of coffee brewed at your home or office.
Starbucks is the ultimate discretionary expense...and they would be well advised to always remember that...!
Starbucks is the ultimate discretionary expense...and they would be well advised to always remember that...!
NOW LET US LAUGH AT FAMOUS MEN...
What would happen if everyone just laughed when Dubya, the most powerful man in the world, spoke...?
Is the emperor starting to be publically undressed...before our eyes...?
THIS COULD BECOME A REAL TREND IN GEOPOLITICS.
THE SAD THING IS GOING TO BE THE WORLD WIDE CELEBRATIONS THAT WILL SPONTANEOUSLY OCCUR WHEN BUSH IS FINALLY OUT OF OFFICE... ABSOLUTELY NOTHING GOOD WILL BE SAID ABOUT BUSH AS EX-PRESIDENT...AND THERE COULD EVEN BE A GLOBAL OUTCRY FOR HIM TO BE TRIED INTERNATIONALLY FOR HIS MANY SUPPOSED "CRIMES."
BUSH OUT OF OFFICE WILL BE EVEN MORE INTERESTING THAN BUSH IN OFFICE!
IT'S GOING TO HAPPEN...PEOPLE WILL NEVER FORGET THE PRESIDENCY OF DUBYA AND HIS NEOCON HANDLERS...AND THEY WILL KEEP THAT MEMORY ALIVE SO IT NEVER HAPPENS AGAIN.
Is the emperor starting to be publically undressed...before our eyes...?
THIS COULD BECOME A REAL TREND IN GEOPOLITICS.
THE SAD THING IS GOING TO BE THE WORLD WIDE CELEBRATIONS THAT WILL SPONTANEOUSLY OCCUR WHEN BUSH IS FINALLY OUT OF OFFICE... ABSOLUTELY NOTHING GOOD WILL BE SAID ABOUT BUSH AS EX-PRESIDENT...AND THERE COULD EVEN BE A GLOBAL OUTCRY FOR HIM TO BE TRIED INTERNATIONALLY FOR HIS MANY SUPPOSED "CRIMES."
BUSH OUT OF OFFICE WILL BE EVEN MORE INTERESTING THAN BUSH IN OFFICE!
IT'S GOING TO HAPPEN...PEOPLE WILL NEVER FORGET THE PRESIDENCY OF DUBYA AND HIS NEOCON HANDLERS...AND THEY WILL KEEP THAT MEMORY ALIVE SO IT NEVER HAPPENS AGAIN.
MARKETS GOT WHAT THEY ASKED FOR...
The market wanted the FED to pause...and now that the pause is in effect everyone thinks a SLOWDOWN is coming...!
The drop in commodities seems a little fake... I doubt that the growing economies of China and India, etal....are really going to be taken down by a collapse in the US housing bubble...which is now proceeding apace.
Further, the notion of the Dow touching record highs...IN THIS ENVIRONMENT...has got to be giving some people time to reflect on what's really happening... And we are at the time of year when thoughts of 2007 come to the foreground and all the hype of last summer begins to seem a little old... And 2007 doesn't seem to be a banner year for investment all things considered.
And then there is the election uncertainty...the various and sundry "unwinnable" wars...and the beat goes on.
The real question should be how did the Dow get so high under these dismal prospects...and of course the answer is THE GREENSPAN HYPER-LIQUIDITY...which is still not out of the system...hence the near record highs for stocks...even as commodities and real estate start to feel the pinch of literally years of rate hikes...
The drop in commodities seems a little fake... I doubt that the growing economies of China and India, etal....are really going to be taken down by a collapse in the US housing bubble...which is now proceeding apace.
Further, the notion of the Dow touching record highs...IN THIS ENVIRONMENT...has got to be giving some people time to reflect on what's really happening... And we are at the time of year when thoughts of 2007 come to the foreground and all the hype of last summer begins to seem a little old... And 2007 doesn't seem to be a banner year for investment all things considered.
And then there is the election uncertainty...the various and sundry "unwinnable" wars...and the beat goes on.
The real question should be how did the Dow get so high under these dismal prospects...and of course the answer is THE GREENSPAN HYPER-LIQUIDITY...which is still not out of the system...hence the near record highs for stocks...even as commodities and real estate start to feel the pinch of literally years of rate hikes...
Thursday, September 21, 2006
ISRAEL SETTING AGENDA FOR LAST TWO BUSH YEARS
Israel clearly wants the US to attack Iran...just as they set the agenda for Iraq...
But can the US taxpayer afford to comply with all of Israels wishes...especially since Israel refuses to level with the world about its true intentions on the West Bank...
But can the US taxpayer afford to comply with all of Israels wishes...especially since Israel refuses to level with the world about its true intentions on the West Bank...
Wednesday, September 20, 2006
BUSH: DEVIL OR MORON...
I still say he's a simply a moron... But I respect the right of others to think Bush is the Devil...
Sad to say that we are going nowhere while Bush is in office...the world will just have to muddle through until we can get a decent President to straighten things out...
Notes the NYTs:
And for Mr. Chávez?
The gasps. The horrified giggles. The loud applause that lasted so long that the organization’s officials had to tell the cheering group to cut it out.
Pretty sad state of affairs when an American President is that disrespected...and disrespectable!
Sad to say that we are going nowhere while Bush is in office...the world will just have to muddle through until we can get a decent President to straighten things out...
Notes the NYTs:
And for Mr. Chávez?
The gasps. The horrified giggles. The loud applause that lasted so long that the organization’s officials had to tell the cheering group to cut it out.
Pretty sad state of affairs when an American President is that disrespected...and disrespectable!
FED FEARS HOUSING CRASH...
The FED rightly fears a crash of house prices after raising rates from rock bottom low to about right.
Still geopolitical risk and macroeconomic problems with the dollar could come back. But for now, the FED is going to let the house crash take it's course...and it is happening with a vengence in most areas...
The lack of house equity will slow consumer spending MORE THAN any rate hike could...as Americans are dependant on their house equity as an ATM for financing lifestyle.
It is possible that the FED will be frozen in place for months...maybe even a year.
Still geopolitical risk and macroeconomic problems with the dollar could come back. But for now, the FED is going to let the house crash take it's course...and it is happening with a vengence in most areas...
The lack of house equity will slow consumer spending MORE THAN any rate hike could...as Americans are dependant on their house equity as an ATM for financing lifestyle.
It is possible that the FED will be frozen in place for months...maybe even a year.
FED said:
Readings on core inflation have been elevated, and the high levels of resource utilization and of the prices of energy and other commodities have the potential to sustain inflation pressures. However, inflation pressures seem likely to moderate over time, reflecting reduced impetus from energy prices, contained inflation expectations, and the cumulative effects of monetary policy actions and other factors restraining aggregate demand.
Nonetheless, the Committee judges that some inflation risks remain. The extent and timing of any additional firming that may be needed to address these risks will depend on the evolution of the outlook for both inflation and economic growth, as implied by incoming information.
Tuesday, September 19, 2006
YAHOOOO0000ooooo!
Does anyone really read Internet advertising...? I always thought of it as unavoidable spam...
ASIAN INSTABILITY GOOD FOR GOLD...?
Well at least we'll see how fake the gold plunge was if the metal continues down after the Thai coup...
GLOBAL ELITES TAKE OFF THE GLOVES...
Clearly, the Era of Good Feeling is over...
After the fall of the USSR there was a brief Golden Age for Capitalism where Democracy and Free Trade came to the foreground.
That seems to be ending now...
With the lurch to the left in Latin America and with left of center politicians pushing a populist agenda around the globe...it's time for the elites to take off the gloves again.
Much of the easy looting of global economies has been done...
Now the issue is control going forward. The "new democracies" in the middle east, Iraq, Palestine and Afghanistan are all something less that models of public bliss. Indeed the only place that is succeeding is Afghanistan...and what they succeeded at was producing a bumper crop of Opium and Heroin for the world markets!
Now there is trouble in Hungary...with people protesting dishonesty and the end of social benefits like health care.
Indeed even in the US there is a sense that the elections are rigged...with the new voting machines being questioned by Democrats and others.
Yet the Defeatocats have no interest in talking about "real issues" like health care and jobs going overseas...as the deficits soar... No, for the Defeatocrats its all WMD all the time...
With the leading antiwar Democratic spokesman being Senator Levin, the Senate's only remaining anti-war Jewish Senator whose really for the war...! Go figure...
The voting public is going to be even more dazed and confused after the elections this fall... Few will notice that something ended...and something else began...
TODAY WITH THE COUP IN THAILAND SOMETHING HAPPEN...SOMETHING THAT CHANGED THE WORLD. FROM NOW ON IT'S NO MORE TALK ABOUT DEMOCRACY IN THE WEST...IT'S BACK TO BRUTE CONTROL BY ANY MEANS NECESSARY...
THE SUN IS SETTING ON DEMOCRACY
After the fall of the USSR there was a brief Golden Age for Capitalism where Democracy and Free Trade came to the foreground.
That seems to be ending now...
With the lurch to the left in Latin America and with left of center politicians pushing a populist agenda around the globe...it's time for the elites to take off the gloves again.
Much of the easy looting of global economies has been done...
Now the issue is control going forward. The "new democracies" in the middle east, Iraq, Palestine and Afghanistan are all something less that models of public bliss. Indeed the only place that is succeeding is Afghanistan...and what they succeeded at was producing a bumper crop of Opium and Heroin for the world markets!
Now there is trouble in Hungary...with people protesting dishonesty and the end of social benefits like health care.
Indeed even in the US there is a sense that the elections are rigged...with the new voting machines being questioned by Democrats and others.
Yet the Defeatocats have no interest in talking about "real issues" like health care and jobs going overseas...as the deficits soar... No, for the Defeatocrats its all WMD all the time...
With the leading antiwar Democratic spokesman being Senator Levin, the Senate's only remaining anti-war Jewish Senator whose really for the war...! Go figure...
The voting public is going to be even more dazed and confused after the elections this fall... Few will notice that something ended...and something else began...
TODAY WITH THE COUP IN THAILAND SOMETHING HAPPEN...SOMETHING THAT CHANGED THE WORLD. FROM NOW ON IT'S NO MORE TALK ABOUT DEMOCRACY IN THE WEST...IT'S BACK TO BRUTE CONTROL BY ANY MEANS NECESSARY...
THE SUN IS SETTING ON DEMOCRACY
BUSH REBOUNDS AGAINST DEFEATOCRATS...
The magic is happening again... The Defeatocrats don't really want to win...and they won't!
THAI COUPE COULD PRESAGE END OF GLOBALISM
Could globalism be falling apart... It's happen before you know.
HAVE THE ELITES GIVEN UP ON DEMOCRACY... PROBABLY SO.. ANY POPULIST LEADER CAN NOW EXPECT TROUBLE FROM NATIONAL ELITES.... THE GLOVES ARE OFF...THE NEW AGE OF DEMOCRACY IS ENDING.
HAVE THE ELITES GIVEN UP ON DEMOCRACY... PROBABLY SO.. ANY POPULIST LEADER CAN NOW EXPECT TROUBLE FROM NATIONAL ELITES.... THE GLOVES ARE OFF...THE NEW AGE OF DEMOCRACY IS ENDING.
FED WON'T RAISE AGAIN UNTIL BONDS COLLAPSE
With the FED "out of the way" for the indefinite future...
It may be time to jump back into the old WEAK DOLLAR investments of GOLD AND OIL!
The yada-yada about a Slow Down in China could be just wishful thinking to get the FED off the hook on the AMERICAN MACROECONOMIC PROBLEMS...as yet...and perhaps never to be addressed seriously in Washington or on Wall Street...
It may be time to jump back into the old WEAK DOLLAR investments of GOLD AND OIL!
The yada-yada about a Slow Down in China could be just wishful thinking to get the FED off the hook on the AMERICAN MACROECONOMIC PROBLEMS...as yet...and perhaps never to be addressed seriously in Washington or on Wall Street...
CURRENCY CHAOS. CONFUSED FED POLICY
Never underestimate the benefits from a FED that tells you in advance what its going to do...
Today not even the FED has a clue about what comes next... And THAT is very dangerous for the markets... We may look at the last 2 years of FED policy as a Golden Age! Alas, now ended...
Today not even the FED has a clue about what comes next... And THAT is very dangerous for the markets... We may look at the last 2 years of FED policy as a Golden Age! Alas, now ended...
HOUSING COLLAPSE UNDER ESTIMATED...
The big issue of 2007 will be the housing price collapse... That is one bubble that flew under the radar for a long long time...
With the decline in housing prices and sales...the US consumer will no longer have the home equity ATM to pay off credit card debt...and finance lifestyle.
THE MOST TELLING STATISTIC IS THAT AMERICANS ARE LIVING OFF SAVINGS NOW... AND THAT HASN'T HAPPEN SINCE 1933!!
WELCOME TO OUR STEALTH DEPRESSION...
ALAS, WE HAVE ONLY J.M. KEYNES TO THANK FOR THAT LITTLE CHESTNUT! TO WIT: THE MIRACLE OF DEBT BASED LONG TERM ECONOMIC PLANNING...
With the decline in housing prices and sales...the US consumer will no longer have the home equity ATM to pay off credit card debt...and finance lifestyle.
THE MOST TELLING STATISTIC IS THAT AMERICANS ARE LIVING OFF SAVINGS NOW... AND THAT HASN'T HAPPEN SINCE 1933!!
WELCOME TO OUR STEALTH DEPRESSION...
ALAS, WE HAVE ONLY J.M. KEYNES TO THANK FOR THAT LITTLE CHESTNUT! TO WIT: THE MIRACLE OF DEBT BASED LONG TERM ECONOMIC PLANNING...
KUDOS TO HUNGARIAN PEOPLE AND POLITICIANS!
The Post Soviet honeymoon is over! Capitalism and Corruption don't solve anything... That is going to be an ongoing geopolitical theme in the near future.
The lurch to the left will continue...around the globe. Amazingly the people don't want "free markets" they want services... That is really what the Hungarian protests are about.
The problem is you can't have social services IF the political elites are looting the economy...as they are doing in almost every country...post-Cold War...INCLUDING THE GRANDADDY OF ALL LOOTERS THE US KONGRESS AND WALL STREET!
What comes next is a post-Communist kind of Socialism which has yet to be invented yet.
This New Socialism will require a re-thinking of what government is...and what the free market is and can and can't do...
NO ONE WANTS THE CHINA CHEAP LABOR MODEL FOR THEIR COUNTRY...YET INTERNATIONAL CAPITAL SEES CHINA AS THE NEW PARADIGM GOING FORWARD!
THE BIG QUESTION OF THE 21ST CENTURY WILL BE: "IS SOCIALISM POSSIBLE?"
SOCIALISM AS CORRUPT COMMUNISM HAS FAILED.
BUT SO TOO HAS THE FREE MARKET CAPITALISM OF WALL STREET... THE US ECONOMY IS PROBABLY AS "SICK" AS THE POST SOVIET HUNGARIAN ECONOMY...BUT JUST IN A DIFFERENT WAY...
THE US CAN SUSTAIN "IMBALANCES" LONGER THAN SMALLER NATIONS...WHICH ARE REALLY ACTING AS "CANARIES IN THE MINESHAFT" FOR MACROECONOMISTS TRYING TO FIGURE OUT....WHAT COMES NEXT!
The lurch to the left will continue...around the globe. Amazingly the people don't want "free markets" they want services... That is really what the Hungarian protests are about.
The problem is you can't have social services IF the political elites are looting the economy...as they are doing in almost every country...post-Cold War...INCLUDING THE GRANDADDY OF ALL LOOTERS THE US KONGRESS AND WALL STREET!
What comes next is a post-Communist kind of Socialism which has yet to be invented yet.
This New Socialism will require a re-thinking of what government is...and what the free market is and can and can't do...
NO ONE WANTS THE CHINA CHEAP LABOR MODEL FOR THEIR COUNTRY...YET INTERNATIONAL CAPITAL SEES CHINA AS THE NEW PARADIGM GOING FORWARD!
THE BIG QUESTION OF THE 21ST CENTURY WILL BE: "IS SOCIALISM POSSIBLE?"
SOCIALISM AS CORRUPT COMMUNISM HAS FAILED.
BUT SO TOO HAS THE FREE MARKET CAPITALISM OF WALL STREET... THE US ECONOMY IS PROBABLY AS "SICK" AS THE POST SOVIET HUNGARIAN ECONOMY...BUT JUST IN A DIFFERENT WAY...
THE US CAN SUSTAIN "IMBALANCES" LONGER THAN SMALLER NATIONS...WHICH ARE REALLY ACTING AS "CANARIES IN THE MINESHAFT" FOR MACROECONOMISTS TRYING TO FIGURE OUT....WHAT COMES NEXT!
BUSH REBOUNDS ON DEFEATOCRATS...
The public will stay Republican in November...or until the economy is totally wrecked. White Americans simply will not vote with the Blacks and Homos of the Democratic Party... NO WAY!
THE REPUBLICANS WILL HAVE TO CREATE AN UNMITIGATED ECONOMIC AND GEOPOLITICAL DISASTER BEFORE THE WHITE MIDDLE CLASS WILL ABANDON THEM...
WE AIN'T QUITE THERE YET... BUT IT'S COMING. THE COLLAPSE IN THE US WILL HAVE TO BE TOTAL AND COMPLETE BEFORE SOUTHERN AND RURAL WHITES VOTE DEMOCRATIC...
GET USED TO IT...
AMAZINGLY THE SUDDENLY LOWER GAS PRICES ARE ALREADY WORKING THEIR MAGIC ON THE ELECTORATE... THE DEFEATOCRATS WILL FAIL AGAIN BECAUSE THEY SIMPLY WON'T TALK ABOUT THE REAL ISSUES WHICH THE SPECIAL INTEREST MONEY HAS PUT "OFF THE TABLE."
DOWN WITH THE DEFEATOCRATS....LET THE REPUBLICANS CONTINUE THE LOOTING...IT'S THE ONLY WAY TO GET THE CHANGES THAT ARE NEEDED.
THE REPUBLICANS WILL HAVE TO CREATE AN UNMITIGATED ECONOMIC AND GEOPOLITICAL DISASTER BEFORE THE WHITE MIDDLE CLASS WILL ABANDON THEM...
WE AIN'T QUITE THERE YET... BUT IT'S COMING. THE COLLAPSE IN THE US WILL HAVE TO BE TOTAL AND COMPLETE BEFORE SOUTHERN AND RURAL WHITES VOTE DEMOCRATIC...
GET USED TO IT...
AMAZINGLY THE SUDDENLY LOWER GAS PRICES ARE ALREADY WORKING THEIR MAGIC ON THE ELECTORATE... THE DEFEATOCRATS WILL FAIL AGAIN BECAUSE THEY SIMPLY WON'T TALK ABOUT THE REAL ISSUES WHICH THE SPECIAL INTEREST MONEY HAS PUT "OFF THE TABLE."
DOWN WITH THE DEFEATOCRATS....LET THE REPUBLICANS CONTINUE THE LOOTING...IT'S THE ONLY WAY TO GET THE CHANGES THAT ARE NEEDED.
Monday, September 18, 2006
POPE BASHING CONTINUES...
AT LAST SOMETHING JEWS AND MUSLIMS CAN SEE EYE TO EYE ON...! WE COULD USE THIS....
BEWARE THINKING OF 2007...
If this market ever starts seriously thinking about business prospects in 2007...?
THE BOTTOM COULD FALL OUT...
There is hardly any scenario where 2007 is good for business... True, there will be some optimism when the Democrats "take the House" in November... But that is a thin reed to lean on for 2007...
The macro economic chickens are starting to come home to roost...in earnest. And the bubbles in housing and stock prices...as well as the dollar are JUST STARTING to unwind...
To date the market has been happy about the FED easing up... But the underlying implications of that have yet to sink in on Wall Street...
We could still have some market unpleasantness in October...during the traditional "CRASH SEASON..."
JUST HOPE THAT NO ONE SITS DOWN AND WRITES AN ARTICLE ABOUT THE REAL STATE OF THE ECONOMY IN 2007...
UNTIL...?
Oh...? Until New Year's Eve perhaps....?
THE BOTTOM COULD FALL OUT...
There is hardly any scenario where 2007 is good for business... True, there will be some optimism when the Democrats "take the House" in November... But that is a thin reed to lean on for 2007...
The macro economic chickens are starting to come home to roost...in earnest. And the bubbles in housing and stock prices...as well as the dollar are JUST STARTING to unwind...
To date the market has been happy about the FED easing up... But the underlying implications of that have yet to sink in on Wall Street...
We could still have some market unpleasantness in October...during the traditional "CRASH SEASON..."
JUST HOPE THAT NO ONE SITS DOWN AND WRITES AN ARTICLE ABOUT THE REAL STATE OF THE ECONOMY IN 2007...
UNTIL...?
Oh...? Until New Year's Eve perhaps....?
DOLLAR GLOOM AND DOOM ABOUNDS
And today's trade deficit didn't help... If you combine the rise in gold and oil and the drop in the dollar...? What must things look like to someone in a Euro or other non-dollar denominated currency...?
THE DOLLAR CRASH HAS ALREADY OCCURRED TO NON-DOLLAR HOLDERS!
THE DOLLAR CRASH HAS ALREADY OCCURRED TO NON-DOLLAR HOLDERS!
OH HAPPY DAZE...
Look for the Dow to be over 12,000 and gasoline under $2...by election day!
Gas in some parts of the country could be under 1.90!
The Kongress and Wall Street know how to keep the ball rolling...
OH HAPPY DAZE....
THIS FALL WILL BE A GREAT TIME TO TAKE THAT TRIP YOU PUT OFF IN THE SUMMER BECAUSE OF HIGH GAS PRICES....!
HIT THE ROAD NOW, BECAUSE AFTER THE ELECTION GAS GOES BACK UP FAST!
Gas in some parts of the country could be under 1.90!
The Kongress and Wall Street know how to keep the ball rolling...
OH HAPPY DAZE....
THIS FALL WILL BE A GREAT TIME TO TAKE THAT TRIP YOU PUT OFF IN THE SUMMER BECAUSE OF HIGH GAS PRICES....!
HIT THE ROAD NOW, BECAUSE AFTER THE ELECTION GAS GOES BACK UP FAST!
POPE STILL NOT OFF THE HOOK....
Well maybe a German Pope wasn't such a good idea after all...
Right now the Islamic pot is boiling with rage over... Iraq, Iran, Lebanon, Palestine...now even the Pope... How "end times" can you get!
It would be advisable for the west to find ways to avoid "occupations" of Muslim lands... Indeed having folks like Saddam in charge of Muslim nations is starting to look like a damn good idea now...
Hmmm....maybe, just maybe thats why we "hired" Saddam in the first place...?
Right now the Islamic pot is boiling with rage over... Iraq, Iran, Lebanon, Palestine...now even the Pope... How "end times" can you get!
It would be advisable for the west to find ways to avoid "occupations" of Muslim lands... Indeed having folks like Saddam in charge of Muslim nations is starting to look like a damn good idea now...
Hmmm....maybe, just maybe thats why we "hired" Saddam in the first place...?
FORD + GM? THE BLIND LEADING THE BLIND?
Of better yet...the Bankrupt leading the Bankrupt...?
The LAST DOMESTIC "LEGACY" INDUSTRY in the US will be gone in a few more years...
Foreign and International captial will dominate the US marketplace...
Americans are truly a pitiful and pathetic bunch of people... The level of Stupidity is so unbelieveably high...
The LAST DOMESTIC "LEGACY" INDUSTRY in the US will be gone in a few more years...
Foreign and International captial will dominate the US marketplace...
Americans are truly a pitiful and pathetic bunch of people... The level of Stupidity is so unbelieveably high...
RETAIL NATION: TRADE DEFICIT SOARS...
American is a nation of stores, not factories.
And that is a big change from only a few decades ago.
So far no one has told us how this ends...or if it is sustainable. It was essential however that Wall Street and International Capital beat back the unions and workers of America to maintain their dominance of the Capitalist System.
The problem is that Greed may have thrown out the baby with the bath... At some point the world will demand that the US pay up...but by then the Greedmongers and International Capital will have moved their "operations" to other countries...leaving the US population to figure out what to do next.
The best jobs in America today are in government and health care...the ultimate service industies... Everything else is subject to moving off shore and that includes many high skilled jobs at all levels.
The de-skilling of America continues...as we become a NATION OF RETAIL FRANCISES AND BIG BOX STORES...
WELCOME TO THE FIRST RETAIL NATION SINCE THE END OF THE ROMAN EMPIRE...
And that is a big change from only a few decades ago.
So far no one has told us how this ends...or if it is sustainable. It was essential however that Wall Street and International Capital beat back the unions and workers of America to maintain their dominance of the Capitalist System.
The problem is that Greed may have thrown out the baby with the bath... At some point the world will demand that the US pay up...but by then the Greedmongers and International Capital will have moved their "operations" to other countries...leaving the US population to figure out what to do next.
The best jobs in America today are in government and health care...the ultimate service industies... Everything else is subject to moving off shore and that includes many high skilled jobs at all levels.
The de-skilling of America continues...as we become a NATION OF RETAIL FRANCISES AND BIG BOX STORES...
WELCOME TO THE FIRST RETAIL NATION SINCE THE END OF THE ROMAN EMPIRE...
Sunday, September 17, 2006
BOYCOTT THE DEFEATOCRATS!
Unless and until the Democrats start talking about real issues...like health care and jobs...and move away from WMD and Terrorism...they do not deserve the votes of Progressives in the US.
ALL PROGRESSIVE VOTERS SHOULD BOYCOTT THIS ELECTION...OR VOTE FOR THE REPUBLICANS...
Only when all parts of the US electorate are demanding a Progressive Agenda will needed reforms be made...
As long as Blue State voters are talking about health care and jobs and Red State voters are talking about Homos and Abortion...this is simply not going to work.
Worse yet, Blue State Democrats REFUSE to even talk about health care and jobs...and insist and belaboring WMD and the Iraq War which only makes them look weak and pitiful in the eyes of most voters...
Democratic politicians simply want to play the BLAME GAME and don't seem able to come up with an agenda that is not defined by the Republicans!!
This is not the way true Progressives are supposed to act...
BOYCOTT THIS ELECTION OR VOTE REPUBLICAN....
THE DEFEATOCRATS AND "REPUBLICAN-LITES" HAVE YET TO LEARN THE TRUE MEANING OF PROGRESSIVISM...
TO VOTE IN THIS ELECTION IS TO BECOME AN ENABLER FOR A SYSTEM THAT IS COMPLETELY DISFUNCTIONAL...
ONLY A REPUBLICAN VICTORY IN NOVEMBER WILL BRING THE SYSTEM TO THE NEEDED POINT OF CRISIS... AFTER WHICH A REAL PROGRESSIVE AGENDA WILL BE ACCEPTED BY ALL PARTS OF THE US ELECTORATE.
ALL PROGRESSIVE VOTERS SHOULD BOYCOTT THIS ELECTION...OR VOTE FOR THE REPUBLICANS...
Only when all parts of the US electorate are demanding a Progressive Agenda will needed reforms be made...
As long as Blue State voters are talking about health care and jobs and Red State voters are talking about Homos and Abortion...this is simply not going to work.
Worse yet, Blue State Democrats REFUSE to even talk about health care and jobs...and insist and belaboring WMD and the Iraq War which only makes them look weak and pitiful in the eyes of most voters...
Democratic politicians simply want to play the BLAME GAME and don't seem able to come up with an agenda that is not defined by the Republicans!!
This is not the way true Progressives are supposed to act...
BOYCOTT THIS ELECTION OR VOTE REPUBLICAN....
THE DEFEATOCRATS AND "REPUBLICAN-LITES" HAVE YET TO LEARN THE TRUE MEANING OF PROGRESSIVISM...
TO VOTE IN THIS ELECTION IS TO BECOME AN ENABLER FOR A SYSTEM THAT IS COMPLETELY DISFUNCTIONAL...
ONLY A REPUBLICAN VICTORY IN NOVEMBER WILL BRING THE SYSTEM TO THE NEEDED POINT OF CRISIS... AFTER WHICH A REAL PROGRESSIVE AGENDA WILL BE ACCEPTED BY ALL PARTS OF THE US ELECTORATE.
Saturday, September 16, 2006
POPE PULLS BACK...BUT ARABS NEED TO "LIGHTEN UP"
Muslims should really lighten up a bit on this sensitivity to criticism...
If Christians and Jews declared "Jihad" very time someone "dissed" them...where would we be today...? This notion of attacking the "infidel" is unacceptably medieval in todays world of global communication.
Or maybe the Pope should be made to walk to Mecca on his knees as penance...?
If Christians and Jews declared "Jihad" very time someone "dissed" them...where would we be today...? This notion of attacking the "infidel" is unacceptably medieval in todays world of global communication.
Or maybe the Pope should be made to walk to Mecca on his knees as penance...?
BUSH INCREASINGLY OUT OF TOUCH WITH REALITY...
Maybe Cheney should declare himself to be President...?
POPE DECLARES "NEW CRUSADE...?"
Maybe it's time to just leave these people alone...after all the west is the "occupier" and the Islamic people the "occupied." The Pope clearly has a tiger by the ears now.
BAGHDAD GOES MEDIEVAL BECOMES A WALLED CITY AGAIN
Plans to surround Baghdad with trenches is just one more screwball scheme to come out of the Bush Administration... It clearly shows that we are at the end game now...likely the Iraq Adventure will end immediately after the new Democratic President takes over in 2009...
That' s a long wait...but in historical terms it's doable.
That' s a long wait...but in historical terms it's doable.
COMMODITIES RESTING...BULL MARKET NOT OVER.
The anxiety over commodites pricing is overdone...
The commodities bull market is not over...it's just resting after a long quick run up from multiyear lows...
A retracment of some or nearly all of the gains is expected and healthy.
It's just the way markets operate...especially when an investment becomes a "no brainer" like gold and oil did in the early put of this year.
Further proof is that shorting gold stocks has now become a no-brainer in the opposite direction... At some point the shorts will have to cover and the market momentum will return...
Even as global demand is increasing and the dollar is weakening from out of control debt and deficits at home...and unwinnable wars abroad.
It always amazes me how so many people are ready to throw in the towel on long term investments that are solidly based on macro-economics...even while they hold out on pure story stocks and market spin.
THE DECLINE IN OIL AND GOLD IN THE COMING MONTHS WILL BE THE MOTHER OF ALL BUYING OPPORTUNITIES...
AND IT WILL GIVE THOSE WHO "MISSED" THE SPRING RUN UP ANOTHER CHANGE TO PLACE THEIR BETS...
THOSE BETTING AGAINST COMMODITES...ARE BETTING AGAINST REALITY AND THE RULES OF MACROECONOMICS...
I'D RATHER HAVE A LONG TERM BET BASED ON SOUND ECONOMIC THEORY...THAN TO PLAY THE TIPS ON TOUT TV WEEK IN AND WEEK OUT...
The commodities bull market is not over...it's just resting after a long quick run up from multiyear lows...
A retracment of some or nearly all of the gains is expected and healthy.
It's just the way markets operate...especially when an investment becomes a "no brainer" like gold and oil did in the early put of this year.
Further proof is that shorting gold stocks has now become a no-brainer in the opposite direction... At some point the shorts will have to cover and the market momentum will return...
Even as global demand is increasing and the dollar is weakening from out of control debt and deficits at home...and unwinnable wars abroad.
It always amazes me how so many people are ready to throw in the towel on long term investments that are solidly based on macro-economics...even while they hold out on pure story stocks and market spin.
THE DECLINE IN OIL AND GOLD IN THE COMING MONTHS WILL BE THE MOTHER OF ALL BUYING OPPORTUNITIES...
AND IT WILL GIVE THOSE WHO "MISSED" THE SPRING RUN UP ANOTHER CHANGE TO PLACE THEIR BETS...
THOSE BETTING AGAINST COMMODITES...ARE BETTING AGAINST REALITY AND THE RULES OF MACROECONOMICS...
I'D RATHER HAVE A LONG TERM BET BASED ON SOUND ECONOMIC THEORY...THAN TO PLAY THE TIPS ON TOUT TV WEEK IN AND WEEK OUT...
Friday, September 15, 2006
MARKET FEELS GREAT JOY...HUGE ELECTION RALLY LOOMS
Hey those big job cuts at Ford would be enough to fuel another rally...
So rally on to the election...! I doubt that the Dow will go over 12,000....even the market masters can't do that...
But a single big down day...can feed a week of distribution...and even a few "rally days" like today.
This is a market that wants to show the world only a happy face...no matter what is really happening or how bad things really are...
My hunch is that it's too little too late for the electorate...especially for the southern Bubba and Suburban women voters...who seem to have had enough "preacher-style" hypocrisy from Dubya---and his Neocon and Wall Street handlers.
Even so the Democrats must be approaching their coming "victory" with fear and loathing since they are in no way prepared to take on the big problems like health care and punk job growth...
THE AVERAGE US VOTER WOULD DO WELL TO JUST STAY HOME ON ELECTION DAY AND REFLECT ON HOW CORRUPTED THE SYSTEM IS...
I WILL NOT VOTE IN A SYSTEM WERE BRIBES, MONEY AND CORRUPTION ARE THE ONLY CONSIDERATION FOR POLICY MAKERS...
THE AMERICAN SYSTEM IS HOPELESSLY BROKEN...AND TO VOTE IN IT IS TO BE AN ENABLER FOR EVEN MORE CORRUPTION....
DON'T VOTE IN NOVEMBER!
OR IF YOU DO...VOTE FOR THE REPUBLICANS...BECAUSE ONLY THEY CAN BRING THE ENTIRE HOUSE OF CARDS DOWN FAST ENOUGH TO CAUSE THE NEEDED OUTCRY FOR REFORM...
NOW SO DESPERATELY NEEDED IN WASHINGTON...
So rally on to the election...! I doubt that the Dow will go over 12,000....even the market masters can't do that...
But a single big down day...can feed a week of distribution...and even a few "rally days" like today.
This is a market that wants to show the world only a happy face...no matter what is really happening or how bad things really are...
My hunch is that it's too little too late for the electorate...especially for the southern Bubba and Suburban women voters...who seem to have had enough "preacher-style" hypocrisy from Dubya---and his Neocon and Wall Street handlers.
Even so the Democrats must be approaching their coming "victory" with fear and loathing since they are in no way prepared to take on the big problems like health care and punk job growth...
THE AVERAGE US VOTER WOULD DO WELL TO JUST STAY HOME ON ELECTION DAY AND REFLECT ON HOW CORRUPTED THE SYSTEM IS...
I WILL NOT VOTE IN A SYSTEM WERE BRIBES, MONEY AND CORRUPTION ARE THE ONLY CONSIDERATION FOR POLICY MAKERS...
THE AMERICAN SYSTEM IS HOPELESSLY BROKEN...AND TO VOTE IN IT IS TO BE AN ENABLER FOR EVEN MORE CORRUPTION....
DON'T VOTE IN NOVEMBER!
OR IF YOU DO...VOTE FOR THE REPUBLICANS...BECAUSE ONLY THEY CAN BRING THE ENTIRE HOUSE OF CARDS DOWN FAST ENOUGH TO CAUSE THE NEEDED OUTCRY FOR REFORM...
NOW SO DESPERATELY NEEDED IN WASHINGTON...
THE STREET STAYS HAPPY...
But when does happiness become complacency....? This is a market that is all about "good news" no matter what... Such happiness seldom lasts...sooner or later someone tries to take profits...
GAS WILL BE SUBSTANTIALLY UNDER $2 BY ELECTION DAY
The politicians and oil companies are not taking any chances now...
Gas will continue plunging until election day... The oil companies want to take gas prices off the table before the election...
But of course there is that old American bugaboo...the DAY AFTER!
We always seem to have trouble with that...! Gas will go back up after the election based on "winter heating" requirements, shortages...etc.
Great time to do some fall driving...because it won't last.
Gas will continue plunging until election day... The oil companies want to take gas prices off the table before the election...
But of course there is that old American bugaboo...the DAY AFTER!
We always seem to have trouble with that...! Gas will go back up after the election based on "winter heating" requirements, shortages...etc.
Great time to do some fall driving...because it won't last.
BIG GOLD PLUNGE CONTINUES...
As long as the central banks can keep driving down gold...everything will be OK.
But of course that does not actually "solve" any of the macroeconomic problems that plauge the global economy....like the huge US trade deficits.
GOLD BASHING IS THE ONLY THING THAT IS REALLY WORKING NOW...AND SHORTING THE GOLD STOCKS IS ALMOST BECOMING A DANGEROUS "NO-BRAINER."
DANGEROUS BECAUSE THERE ARE REALLY MANY MACRO REASONS WHY GOLD SHOULD BE RISING NOW...NOT FALLING.
STILL SOME CONSOLIDATION OF GOLD SHARE GAINS IS EXPECTED....AS GOLD IS THE BEST PERFORMER AGAINST THE MAJOR AVERAGES OF ANY SECTOR THIS YEAR.
But of course that does not actually "solve" any of the macroeconomic problems that plauge the global economy....like the huge US trade deficits.
GOLD BASHING IS THE ONLY THING THAT IS REALLY WORKING NOW...AND SHORTING THE GOLD STOCKS IS ALMOST BECOMING A DANGEROUS "NO-BRAINER."
DANGEROUS BECAUSE THERE ARE REALLY MANY MACRO REASONS WHY GOLD SHOULD BE RISING NOW...NOT FALLING.
STILL SOME CONSOLIDATION OF GOLD SHARE GAINS IS EXPECTED....AS GOLD IS THE BEST PERFORMER AGAINST THE MAJOR AVERAGES OF ANY SECTOR THIS YEAR.
Thursday, September 14, 2006
HURRICANE HEADING FOR NEW YORK CITY??
Here comes Gordon... Well maybe not... But the activity in the Atlantic is heating up... Bad time to be sailing in the Atlantic...
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If you are from Antarctica and have an Internet connection we would appreciate your patronage...
BERNANKE IS DONE WITH RATE HIKES...PERMANENTLY!
The Street has nothing to fear from the FED going forward...
THE RATE HIKES ARE DONE! THE ON GOING HOUSING PRICE CRASH WILL PREOCCUPY THE FED FOR THE REST OF THIS YEAR AND MOST OF NEXT YEAR...
This could start gold and oil back up again, but the FED and it's shills have provided a buffer with the recent drive down of commodities including gold and oil...
THE FED SIMPLY CAN NOT "DISAPPOINT" THE STREET WITH ANOTHER RATE HIKE...THE TANTRUM ON WALL STREET MIGHT CAUSE AN OCTOBER CRASH WHICH RISKS A REALIGNMENT OF GLOBAL MACROECONOMICS IN A MOST UNPLEASANT WAY FOR THE US ECONOMY....
THE LAST THING THE FED NEEDS IS FOR GLOBAL MARCO ECONOMICS TO COME TO THE FOREGROUND AGAIN RE:THE CONDITION OF THE DOLLAR...
SO THE FED IS PERMANENTLY DONE RAISING RATES...NO MATTER WHAT THE DOLLAR AND GOLD DO...
THERE IS SUFFICIANT FEAR IN THE GOLD AND OIL MARKET TO GET THE FED THROUGH TO SPRING 2007...AND THEY ARE NOT LIKELY TO WANT TO UPSET THE APPLE CART BEFORE THE ELECTIONS AND THE COMING OF A NEW KONGRESS IN JANUARY...
PUT ANOTHER WAY: BERNANKE WANTS HIS DOMESTIC BUBBLES BACK!
AND HE MIGHT JUST GET THEM... EVEN IF INFLATION SOARS IN COMMODITIES AND IMPORT PRICES.
THE RATE HIKES ARE DONE! THE ON GOING HOUSING PRICE CRASH WILL PREOCCUPY THE FED FOR THE REST OF THIS YEAR AND MOST OF NEXT YEAR...
This could start gold and oil back up again, but the FED and it's shills have provided a buffer with the recent drive down of commodities including gold and oil...
THE FED SIMPLY CAN NOT "DISAPPOINT" THE STREET WITH ANOTHER RATE HIKE...THE TANTRUM ON WALL STREET MIGHT CAUSE AN OCTOBER CRASH WHICH RISKS A REALIGNMENT OF GLOBAL MACROECONOMICS IN A MOST UNPLEASANT WAY FOR THE US ECONOMY....
THE LAST THING THE FED NEEDS IS FOR GLOBAL MARCO ECONOMICS TO COME TO THE FOREGROUND AGAIN RE:THE CONDITION OF THE DOLLAR...
SO THE FED IS PERMANENTLY DONE RAISING RATES...NO MATTER WHAT THE DOLLAR AND GOLD DO...
THERE IS SUFFICIANT FEAR IN THE GOLD AND OIL MARKET TO GET THE FED THROUGH TO SPRING 2007...AND THEY ARE NOT LIKELY TO WANT TO UPSET THE APPLE CART BEFORE THE ELECTIONS AND THE COMING OF A NEW KONGRESS IN JANUARY...
PUT ANOTHER WAY: BERNANKE WANTS HIS DOMESTIC BUBBLES BACK!
AND HE MIGHT JUST GET THEM... EVEN IF INFLATION SOARS IN COMMODITIES AND IMPORT PRICES.
THE WEST ABETS ISRAELS WAR CRIMES IN GAZA
The cut off of the western welfare state in Gaza is coming to a crisis...but the Arabs have only themselves to blame...
The Arab states simply have allowed Gaza to be a protectorate of the US and Israel without opposition.
Now Gaza will collapse...and the real genocide of Palestinians will start.
But this was the goal all along...so who is really surprised... No one. Not Washington. Not Osama.
THE PALESTINIAN GENOCIDE IS NOW BEGINNING ITS "FINAL SOLUTION" STAGE...
AND ALAS, IT WILL PROVIDE THE ISLAMIST RADICALS WITH EVEN MORE RECUITMENT OPPORTUNITIES AGAINST THE WEST.
BASICALLY, EVERYTHING THAT CAN GO WRONG HAS GONE WRONG...IN PURSUIT OF THE ELITE AGENDA
EVERYTHING THAT HAS BEEN TOUTED AS TRUTH IS A LIE.
AND EVERTHING THAT HAS BEEN TOUTED AS A LIE IS THE TRUTH... KNOW THIS AND YOUR SEARCH IS OVER...
IN RETROSPECT, THAT WAS REALLY THE "GIFT" THAT ROSS PEROT GAVE THE WORLD A FEW YEARS AGO... PEOPLE WERE ACTUALLY SHOCKED TO HEAR THE REAL TRUTH BEING SPOKEN ON TELEVISION...
SO MUCH SO THAT THEY SIMPLY COULD NOT BELIEVE IT... LIKE AN CAGED ANIMAL WHO "REFUSES" TO LEAVE IT'S CAGE WHEN THE DOOR IS FINALLY OPENED...
SO TOO WITH THE AMERICAN ELECTORATE...THE TRUTH SEEMS LIKE A LIE TO THEM NOW...AND THEY WILL REFUSE TO LEAVE THEIR "POLITCAL CAGES" OUT OF FEAR OF WHAT COMES NEXT.
ALAS, THE ELITES "TOOK CARE OF" PEROT AND HE HASN'T BEEN HEARD OR SEEN SINCE IN THE POLITICAL ARENA...
The Arab states simply have allowed Gaza to be a protectorate of the US and Israel without opposition.
Now Gaza will collapse...and the real genocide of Palestinians will start.
But this was the goal all along...so who is really surprised... No one. Not Washington. Not Osama.
THE PALESTINIAN GENOCIDE IS NOW BEGINNING ITS "FINAL SOLUTION" STAGE...
AND ALAS, IT WILL PROVIDE THE ISLAMIST RADICALS WITH EVEN MORE RECUITMENT OPPORTUNITIES AGAINST THE WEST.
BASICALLY, EVERYTHING THAT CAN GO WRONG HAS GONE WRONG...IN PURSUIT OF THE ELITE AGENDA
EVERYTHING THAT HAS BEEN TOUTED AS TRUTH IS A LIE.
AND EVERTHING THAT HAS BEEN TOUTED AS A LIE IS THE TRUTH... KNOW THIS AND YOUR SEARCH IS OVER...
IN RETROSPECT, THAT WAS REALLY THE "GIFT" THAT ROSS PEROT GAVE THE WORLD A FEW YEARS AGO... PEOPLE WERE ACTUALLY SHOCKED TO HEAR THE REAL TRUTH BEING SPOKEN ON TELEVISION...
SO MUCH SO THAT THEY SIMPLY COULD NOT BELIEVE IT... LIKE AN CAGED ANIMAL WHO "REFUSES" TO LEAVE IT'S CAGE WHEN THE DOOR IS FINALLY OPENED...
SO TOO WITH THE AMERICAN ELECTORATE...THE TRUTH SEEMS LIKE A LIE TO THEM NOW...AND THEY WILL REFUSE TO LEAVE THEIR "POLITCAL CAGES" OUT OF FEAR OF WHAT COMES NEXT.
ALAS, THE ELITES "TOOK CARE OF" PEROT AND HE HASN'T BEEN HEARD OR SEEN SINCE IN THE POLITICAL ARENA...
THE STREET IS RUNNIN ON FUMES....
Proof of the Pudding is the big plunge in Gold Prices...
The Street is runnin on fumes now... Despite the constant 24.7 HAPPY FACE on Wall Street lately. This could be a set up for an OCTOBER CRASH SCENARIO....
Naturally the FED will go to the ends of the earth...maybe even to China...to prevent a melt down... But remember it's not ALL DUMB MONEY on Wall Street...there are still some professionals who know that the system can not be "gamed" indefinitely... Sooner or later the reality of the situation will come out...
You can fool the stupid American Public ALL OF THE TIME... But the elites have their own agenda and it's not always going to be providing a happy face for the polticos and the public...
The elites may decide to start taking money off the table around the end of September and early October in preparation for what could be a rather DISMAL 2007 MARKET.
PUT ANOTHER WAY 2006 IS SETTING THE TABLE FOR A WEAK MARKET IN 2007 AND YOU NEED ONLY LOOK AT THE DISASTER IN REAL ESTATE TO SEE THE CONSEQUENCES FOR THE GENERAL ECONOMY.
The Street is runnin on fumes now... Despite the constant 24.7 HAPPY FACE on Wall Street lately. This could be a set up for an OCTOBER CRASH SCENARIO....
Naturally the FED will go to the ends of the earth...maybe even to China...to prevent a melt down... But remember it's not ALL DUMB MONEY on Wall Street...there are still some professionals who know that the system can not be "gamed" indefinitely... Sooner or later the reality of the situation will come out...
You can fool the stupid American Public ALL OF THE TIME... But the elites have their own agenda and it's not always going to be providing a happy face for the polticos and the public...
The elites may decide to start taking money off the table around the end of September and early October in preparation for what could be a rather DISMAL 2007 MARKET.
PUT ANOTHER WAY 2006 IS SETTING THE TABLE FOR A WEAK MARKET IN 2007 AND YOU NEED ONLY LOOK AT THE DISASTER IN REAL ESTATE TO SEE THE CONSEQUENCES FOR THE GENERAL ECONOMY.
FORECLOSURES SOAR!
From Denver to Detroit the story is the same: FORECLOSURES SOAR!!
The housing bubble is coming to a very bad end all over the country...
Unfortunately on Wall Street only good news is allowed in...so there is still the naive sense that "things are OK."
Things are not OK.... Things are collapsing...
Still I expect the Republicans to hold on to both housing of Kongress and perhaps even INCREASE THEIR MARGINS...
THE AMERICAN PEOPLE ARE EASY TO MISLEAD...AND THE REPUBLICANS ARE MASTERS AT IT... WATCH FOR MORE AND MORE TALK OF HOMOS, IMMIGRANTS AND ABORTION AS THE FINAL WEEKS OF THE ELECTION DRAW NEAR...
Is it any wonder that consumer spending is slowing.... But you ain't seen nuttin' yet... compared to what's coming in 2007!
Postscript:
I PERSONALLY WILL NOT BE VOTING IN THE COMING ELECTION...I QUIT VOTING MANY MANY ELECTION CYCLES AGO...MAINLY OUT OF DISGUST FOR THE HYPOCRISY OF THE "DEFEATOCRATS" WHO SIMPLY REFUSE TO GOVERN...AND WHO ARE VERY CONTENT WITH THEIR STATUS AS THE "LOYAL OPPOSITION".... LOYAL MAINLY TO WALL STREET AND THE LOOTING OF THE US ECONOMY IN THE NAME OF FREE TRADE AND GLOBALISM...
The housing bubble is coming to a very bad end all over the country...
Unfortunately on Wall Street only good news is allowed in...so there is still the naive sense that "things are OK."
Things are not OK.... Things are collapsing...
Still I expect the Republicans to hold on to both housing of Kongress and perhaps even INCREASE THEIR MARGINS...
THE AMERICAN PEOPLE ARE EASY TO MISLEAD...AND THE REPUBLICANS ARE MASTERS AT IT... WATCH FOR MORE AND MORE TALK OF HOMOS, IMMIGRANTS AND ABORTION AS THE FINAL WEEKS OF THE ELECTION DRAW NEAR...
Is it any wonder that consumer spending is slowing.... But you ain't seen nuttin' yet... compared to what's coming in 2007!
Postscript:
I PERSONALLY WILL NOT BE VOTING IN THE COMING ELECTION...I QUIT VOTING MANY MANY ELECTION CYCLES AGO...MAINLY OUT OF DISGUST FOR THE HYPOCRISY OF THE "DEFEATOCRATS" WHO SIMPLY REFUSE TO GOVERN...AND WHO ARE VERY CONTENT WITH THEIR STATUS AS THE "LOYAL OPPOSITION".... LOYAL MAINLY TO WALL STREET AND THE LOOTING OF THE US ECONOMY IN THE NAME OF FREE TRADE AND GLOBALISM...
Wednesday, September 13, 2006
CHINA OWNS US NOW...
Get used to it... It's a long term situation and there is no appetite in the Kongress to protect the American markets...International capital controls the Kongress...the GLOBAL economic elites are in total control of policy at all levels...
Further, there is no sign of any real "populist" feeling in the US electorate...even if there is a general "discontent" or anger about the "direction" of the country...
Sad to say, this discontent is easily manipulated by the elites toward, homos, blacks, immigrants or liberal "abortionists."
NO ONE SHOULD EVER UNDERESTIMATE THE STUPIDITY OF THE AMERICAN PUBLIC!
Further, there is no sign of any real "populist" feeling in the US electorate...even if there is a general "discontent" or anger about the "direction" of the country...
Sad to say, this discontent is easily manipulated by the elites toward, homos, blacks, immigrants or liberal "abortionists."
NO ONE SHOULD EVER UNDERESTIMATE THE STUPIDITY OF THE AMERICAN PUBLIC!
SADDAM'S SOAPBOX...
Some are complaining that Saddam is being given a "soapbox" at his trial for crimes against humanity...
But what do they expect...another "secret trail" on the discredited Cheney/Bush Model.
What the west is really complaining about is the very idea that THINGS WERE BETTER FOR THE WEST UNDER SADDAM!
Of course, Saddam made the "obligatory" denounciations of Israel and the Zionists...and for the Palestinian cause...ALL ARAB AND MUSLIM LEADERS MUST DO THIS...EVEN THE US PUPPETS THAT ARE STILL IN POWER IN THE REGION.
NOW POST-SADDAM IRAN HAS BEEN SO "EMPOWERED" THAT THEY ARE IN VIRTUAL CONTROL OF THE ENTIRE REGION... THE SHIA ARE ASECENDANT ALL OVER THE MIDDLE EAST...POST SADDAM.
OF COURSE SADDAM "CONTROLLED" THE SHIA AND THE KURDS WITHIN HIS BORDERS...THAT'S WHY THE CIA HIRED HIM IN THE FIRST PLACE BACK IN THE 70'S...AND OF COURSE TO FIGHT THE WAR WITH IRAN AFTER THE HOSTAGE CRISIS THAT BROUGHT DOWN THE CARTER ADMINISTRATION...
IT SEEMS THAT SADDAM'S REAL "CRIME" IS TELLING THE WORLD WHAT A MESS THE NEOCONS HAVE MADE OF THE MIDDLE EAST...AND HOW HORRIBLE THE "NEW MIDDLE EAST" IS FOR THE US, THE WEST AND FOR ISRAEL... ISRAEL IS MUCH MUCH WORSE OFF NOW THAT THEY WERE PRE-WAR IN IRAQ...
AND THAT IS VERY VERY HARD FOR THE WASHINGTON NEOCONS AND THEIR REPUBLICAN STOOGES TO ADMIT IN PUBLIC... THAT'S WHY THE WAR IN THE MIDDLE EAST HAS BEEN REDUCED TO A SERIES OF MANTRAS...LIKE STAY THE COURSE...DEFEATOCRATS...AND MY PERSONAL FAVE: "WE CAN'T AFFORD TO LOSE."
WHENEVER THEY SAY "WE CAN'T AFFORD TO LOSE" YOU CAN BET MONEY THAT WE HAVE ALREADY LOST!!
SADDAM'S TRUTH TELLING SOAPBOX IS HIS WORST CRIME YET ESPECIALLY FOR THE MIDDLE EAST "STREET" WHICH IS GETTING GAVEL TO GAVEL COVERAGE ON THE ARAB TV NETWORKS...
But what do they expect...another "secret trail" on the discredited Cheney/Bush Model.
What the west is really complaining about is the very idea that THINGS WERE BETTER FOR THE WEST UNDER SADDAM!
Of course, Saddam made the "obligatory" denounciations of Israel and the Zionists...and for the Palestinian cause...ALL ARAB AND MUSLIM LEADERS MUST DO THIS...EVEN THE US PUPPETS THAT ARE STILL IN POWER IN THE REGION.
NOW POST-SADDAM IRAN HAS BEEN SO "EMPOWERED" THAT THEY ARE IN VIRTUAL CONTROL OF THE ENTIRE REGION... THE SHIA ARE ASECENDANT ALL OVER THE MIDDLE EAST...POST SADDAM.
OF COURSE SADDAM "CONTROLLED" THE SHIA AND THE KURDS WITHIN HIS BORDERS...THAT'S WHY THE CIA HIRED HIM IN THE FIRST PLACE BACK IN THE 70'S...AND OF COURSE TO FIGHT THE WAR WITH IRAN AFTER THE HOSTAGE CRISIS THAT BROUGHT DOWN THE CARTER ADMINISTRATION...
IT SEEMS THAT SADDAM'S REAL "CRIME" IS TELLING THE WORLD WHAT A MESS THE NEOCONS HAVE MADE OF THE MIDDLE EAST...AND HOW HORRIBLE THE "NEW MIDDLE EAST" IS FOR THE US, THE WEST AND FOR ISRAEL... ISRAEL IS MUCH MUCH WORSE OFF NOW THAT THEY WERE PRE-WAR IN IRAQ...
AND THAT IS VERY VERY HARD FOR THE WASHINGTON NEOCONS AND THEIR REPUBLICAN STOOGES TO ADMIT IN PUBLIC... THAT'S WHY THE WAR IN THE MIDDLE EAST HAS BEEN REDUCED TO A SERIES OF MANTRAS...LIKE STAY THE COURSE...DEFEATOCRATS...AND MY PERSONAL FAVE: "WE CAN'T AFFORD TO LOSE."
WHENEVER THEY SAY "WE CAN'T AFFORD TO LOSE" YOU CAN BET MONEY THAT WE HAVE ALREADY LOST!!
SADDAM'S TRUTH TELLING SOAPBOX IS HIS WORST CRIME YET ESPECIALLY FOR THE MIDDLE EAST "STREET" WHICH IS GETTING GAVEL TO GAVEL COVERAGE ON THE ARAB TV NETWORKS...
Tuesday, September 12, 2006
HIZBOLLAH SLAMS LEBANON GOVERNMENT...
Why is Hizbollah stronger than ever in Lebanon...after Israel's war to degrade Hizbollah...? Go figure...
But that seems to be the story all over the middle east... Whoever the West attacks...it makes stronger!
Maybe we should just quit attacking and provoking middle eastern nations...and who knows...perhaps things like what happen in Syria today will become the norm...
While the US embassy was under attack from Islamists...SYRIAN POLICE FOUGHT AND DIED TO PROTECT THE EMBASSY...WITH THE AMERICANS HUNKERED DOWN INSIDE THE EMBASSY!
A little kindness and a good word now and then could work wonders with the established governments in the region...both pro and anti western...and Yes, I do mean Iran too...
But, of course, that would mean that we could no longer let the Israeli Lukudnic nutcases determine American policy in the middle east....!
And naturally we'd never do that!!
But that seems to be the story all over the middle east... Whoever the West attacks...it makes stronger!
Maybe we should just quit attacking and provoking middle eastern nations...and who knows...perhaps things like what happen in Syria today will become the norm...
While the US embassy was under attack from Islamists...SYRIAN POLICE FOUGHT AND DIED TO PROTECT THE EMBASSY...WITH THE AMERICANS HUNKERED DOWN INSIDE THE EMBASSY!
A little kindness and a good word now and then could work wonders with the established governments in the region...both pro and anti western...and Yes, I do mean Iran too...
But, of course, that would mean that we could no longer let the Israeli Lukudnic nutcases determine American policy in the middle east....!
And naturally we'd never do that!!
HAPPY DAZE RALLY...?
With the elections just weeks away and with most voters seriously pissed off...is it any wonder that oil and gas are dropping...and stocks are rallying?
As odd and unseasonal as it might seem...I see big rallies going into the election season...
The gas price issue is effecting both Democratic and Republican incumbants...and I have a hunch the word has gone out...that gas must fall if a total upset in the Kongress is not to occur.
Democratic incumbants are as dependent on BIG BUSINESS MONEY as Republicans...and my hunch is that the Democrats would RATHER be in the loyal opposition than in a position to make policy...especially populist policy...which all members of the Washington elites despise...
LOOK FOR MORE HAPPY DAZE ON WALL STREET AS THE ELECTION NEARS...GASOLINE COULD BE UNDER $2 PER GALLON ON ELECTION EVE...
THE ENTIRE KONGRESSIONAL KABAL KNOWS THAT A BIG CHANGE WILL UPSET THE APPLE CART IN WASHINGTON AND NO ONE WANTS THAT...!
WATCH FOR MORE YADA YADA ON THE "NON-ISSUES" AND THE WEDGE ISSUES....GAYS, ABORTION, FLAG BURNING ETC...
THE AMERICAN COUCH POTATOS ARE NOT GOING TO CONTROL THIS GOVERNMENT...NO MATTER HOW THEY VOTE...
POPULISM IS DEAD IN AMERICAN POLITICS...AND THE PUBLIC IS TOO FAT AND LAZY TO DEMAND IT FROM THEIR POLITICAL CLASS....
HAPPY DAZE ARE HERE AGAIN...
As odd and unseasonal as it might seem...I see big rallies going into the election season...
The gas price issue is effecting both Democratic and Republican incumbants...and I have a hunch the word has gone out...that gas must fall if a total upset in the Kongress is not to occur.
Democratic incumbants are as dependent on BIG BUSINESS MONEY as Republicans...and my hunch is that the Democrats would RATHER be in the loyal opposition than in a position to make policy...especially populist policy...which all members of the Washington elites despise...
LOOK FOR MORE HAPPY DAZE ON WALL STREET AS THE ELECTION NEARS...GASOLINE COULD BE UNDER $2 PER GALLON ON ELECTION EVE...
THE ENTIRE KONGRESSIONAL KABAL KNOWS THAT A BIG CHANGE WILL UPSET THE APPLE CART IN WASHINGTON AND NO ONE WANTS THAT...!
WATCH FOR MORE YADA YADA ON THE "NON-ISSUES" AND THE WEDGE ISSUES....GAYS, ABORTION, FLAG BURNING ETC...
THE AMERICAN COUCH POTATOS ARE NOT GOING TO CONTROL THIS GOVERNMENT...NO MATTER HOW THEY VOTE...
POPULISM IS DEAD IN AMERICAN POLITICS...AND THE PUBLIC IS TOO FAT AND LAZY TO DEMAND IT FROM THEIR POLITICAL CLASS....
HAPPY DAZE ARE HERE AGAIN...
TRADE DEFICIT DOOMS US ECONOMY
That is really all you need to know... But it's amazing the capacity of the Street for diversion and denial... Today's number was dismal...and shows a clear path to the future for the US economy...
We are becoming England in the 1930's... And that is very scary.
We are becoming England in the 1930's... And that is very scary.
RECORD TRADE DEFICIT SLAMS DOLLAR....
When will the markets accept the fact that the US trade deficit is structural and permanent and can only get much much worse...and will never get better.
When will the dollar fall to it's real level vis-a-vis gold, oil and other currencies.
How long can the BIG LIE continue...? It is truth that the elites will do whatever it takes to "save the dollar" because no one want to do a "currency change" which is the tectonic plate of the global economy. And the last time we did a major currency change was in the 1930's when the pound finally was "adjusted" to it's "real value."
But the days of the dollar are numbered... Sooner or later reality will kick in... It could take years...but eventually the dollar will adjust...
That is the day the goldbugs are waiting for... Maybe someday...
When will the dollar fall to it's real level vis-a-vis gold, oil and other currencies.
How long can the BIG LIE continue...? It is truth that the elites will do whatever it takes to "save the dollar" because no one want to do a "currency change" which is the tectonic plate of the global economy. And the last time we did a major currency change was in the 1930's when the pound finally was "adjusted" to it's "real value."
But the days of the dollar are numbered... Sooner or later reality will kick in... It could take years...but eventually the dollar will adjust...
That is the day the goldbugs are waiting for... Maybe someday...
BUSH SHOULD RESIGN...AND DO US ALL A FAVOR.
Now the Neocon notion is that "we can't leave" until Iraq is stable... But then, why did Bush and the Neocons destabilize Iraq in the first place...?
Saddam was well contained... Baghdad had electicity... The Shia and Kurds were behaving themselves. Iran was quiet...
Now all Hell is breaking loose... And Baghdad is Osama's new playground!
Even while Afghanistan has pumped out a record crop of Heroin thanks to the US warlords! Indeed, it seems that Afghanistan will "pay for itself" with drug money BEFORE Iraq will be self sufficient from it's oil wealth!
Yes Bush messed up Iraq...but the solution is not to mess up Iran and the rest of middle east.
Two mistakes will not correct the first mistake....the total lack of planning for the war.
In Truth, Bush should simply resign and turn his job over to more qualified people who can think through the mess he has created...
Saddam was well contained... Baghdad had electicity... The Shia and Kurds were behaving themselves. Iran was quiet...
Now all Hell is breaking loose... And Baghdad is Osama's new playground!
Even while Afghanistan has pumped out a record crop of Heroin thanks to the US warlords! Indeed, it seems that Afghanistan will "pay for itself" with drug money BEFORE Iraq will be self sufficient from it's oil wealth!
Yes Bush messed up Iraq...but the solution is not to mess up Iran and the rest of middle east.
Two mistakes will not correct the first mistake....the total lack of planning for the war.
In Truth, Bush should simply resign and turn his job over to more qualified people who can think through the mess he has created...
BUSH AGENDA: DEMOCRACY OR DOMINATION
If the US merely wants to "democratize" the middle east...that's doable.
Indeed, there have been elections is Afghanistan, Iraq, Lebanon, and the Occupied Territories...
Of course, the US does not always "accept" the results of these elections when they go against "US interests." But whatever...
BUT, IS THE REPUBLICAN AGENDA REALLY DEMOCRACY...OR IS IT DOMINATION.
The Domination Agenda is a little more problematic. And indeed, it's THIS agenda that seems to be playing out in the headlines everyday...EVEN WHILE THE RHETORIC IN THE PRESS IS SOMETHING ELSE ENTIRELY...!
If the Neocon plan is to get Arabs and Muslims to give up their "lifestyles," and accept western ways and western culture...and also to make the middle east "safe" for US multinationals...? We have a BIG problem.
Unfortunately, the latter agenda seems to be the real agenda of the Bush Administration... Hence the current conflict.
As a matter of history the REAL Neocon/Bush Agenda of Domination ALMOST NEVER WORKS OUT... ESPECIALLY IN THE MODERN ERA WHERE GENOCIDES AND MASSACRES SIMPLY AREN'T "PC." JUST LOOK AT ISRAEL'S PROBLEMS IN LEBANON RECENTLY!
ATTEMPTS TO CONQUER AND OCCUPIED MAJOR NATIONS...OR TO PUT DOWN HUGE POPULATIONS THAT PRACTICE A DIFFERENT RELIGION OR SOCIAL STRUCTURE IS VERY DIFFICULT...PERHAPS IMPOSSIBLE...
AND IT'S , FOR SURE, IMPOSSIBLE TO BE DONE "ON THE CHEAP" AS THE NEOCONS ARE ATTEMPTING NOW IN IRAQ AND AFGHANISTAN...
Amazingly, during all of yesterday's Annual Orgy of Self Pity...NOT ONE MENTION OF ISRAEL'S OCCUPATION OF PALESTINIAN LANDS WAS MAKE...
Yet in the middle east that is the only thing they talk about...!
Yesterday was all about: "Why do they hate us?"
Or, "They hate freedom" and other such pure nonsense that's totally out of touch with the facts on the ground...
In truth the American public is being systematically ISOLATED from the true state of affairs in the middle east by the US media...
The feeling is that IF THE AMERICAN PUBLIC "knew the truth" they would start to act like Europeans regarding the real causes of the middle east conflict... Namely, they would blame Israel for the occupation of the West Bank...and the continued strife in Gaza...
THE ENTIRE US FOREIGN POLICY IN THE MIDDLE EAST IS DESIGNED TO PROTECT ISRAEL'S GOAL OF A GREATER ISRAEL ON THE WEST BANK...WITH THE EVENTUAL ANNEXATION OF PALESTINIAN LAND...AND ULTIMATELY THE EXPULSION OF ALL ARABS FROM "BIBICAL ISRAEL"...
OF COURSE, AMERICANS AREN'T SUPPOSED TO KNOW THIS...
SO WE HAVE THESE NONSENSEICAL CONVERSTIONS THAT DOMINATED THE MEDIA YESTERDAY... THESE DIALOGUES THAT MAKE NO SENSE TO ANYONE WHO IS REMOTELY IN TOUCH WITH THE TRUTH....
IT'S ALL ABOUT:
"WHY DO THEY HATE US?"
THEY HATE US BECAUSE WE'RE GOOD AND THEY HATE FREEDOM.
OR, WORSE YET, THEY ARE THE NEW "FASCISTS."
ETC. ETC. ETC.
UNTIL THERE IS A REAL REGIME CHANGE IN WASHINGTON...
AND UNTIL THE AMERICAN PUBLIC IS ALLOWED TO KNOW THE TRUTH ABOUT THE MIDDLE EAST CONFLICT...
WE WILL SIMPLY HAVE MORE OF THE SAME...
AMERICA'S "NEWS GHETTO" WILL CONTINUE TO CONFUSE AND CONFLICT THE FACTS ABOUT THE MIDDLE EAST.
SO IS IT ANY WONDER THAT THE ALREADY OUT OF TOUCH...AND GENERALLY STUPID...AMERICAN ELECTORATE IS SO CONFLICTED.
VIRTUALLY EVERYTHING THEY HAVE BEEN TOLD IS TRUE IS A LIE...
AND EVERYTHING THEY THINK IS A LIE IS THE TRUTH...
THIS KIND OF DEEP AND PROFOUND STUPIDITY AND DEMOCRACY ARE TOTALLY INCOMPATIBLE.
Indeed, there have been elections is Afghanistan, Iraq, Lebanon, and the Occupied Territories...
Of course, the US does not always "accept" the results of these elections when they go against "US interests." But whatever...
BUT, IS THE REPUBLICAN AGENDA REALLY DEMOCRACY...OR IS IT DOMINATION.
The Domination Agenda is a little more problematic. And indeed, it's THIS agenda that seems to be playing out in the headlines everyday...EVEN WHILE THE RHETORIC IN THE PRESS IS SOMETHING ELSE ENTIRELY...!
If the Neocon plan is to get Arabs and Muslims to give up their "lifestyles," and accept western ways and western culture...and also to make the middle east "safe" for US multinationals...? We have a BIG problem.
Unfortunately, the latter agenda seems to be the real agenda of the Bush Administration... Hence the current conflict.
As a matter of history the REAL Neocon/Bush Agenda of Domination ALMOST NEVER WORKS OUT... ESPECIALLY IN THE MODERN ERA WHERE GENOCIDES AND MASSACRES SIMPLY AREN'T "PC." JUST LOOK AT ISRAEL'S PROBLEMS IN LEBANON RECENTLY!
ATTEMPTS TO CONQUER AND OCCUPIED MAJOR NATIONS...OR TO PUT DOWN HUGE POPULATIONS THAT PRACTICE A DIFFERENT RELIGION OR SOCIAL STRUCTURE IS VERY DIFFICULT...PERHAPS IMPOSSIBLE...
AND IT'S , FOR SURE, IMPOSSIBLE TO BE DONE "ON THE CHEAP" AS THE NEOCONS ARE ATTEMPTING NOW IN IRAQ AND AFGHANISTAN...
Amazingly, during all of yesterday's Annual Orgy of Self Pity...NOT ONE MENTION OF ISRAEL'S OCCUPATION OF PALESTINIAN LANDS WAS MAKE...
Yet in the middle east that is the only thing they talk about...!
Yesterday was all about: "Why do they hate us?"
Or, "They hate freedom" and other such pure nonsense that's totally out of touch with the facts on the ground...
In truth the American public is being systematically ISOLATED from the true state of affairs in the middle east by the US media...
The feeling is that IF THE AMERICAN PUBLIC "knew the truth" they would start to act like Europeans regarding the real causes of the middle east conflict... Namely, they would blame Israel for the occupation of the West Bank...and the continued strife in Gaza...
THE ENTIRE US FOREIGN POLICY IN THE MIDDLE EAST IS DESIGNED TO PROTECT ISRAEL'S GOAL OF A GREATER ISRAEL ON THE WEST BANK...WITH THE EVENTUAL ANNEXATION OF PALESTINIAN LAND...AND ULTIMATELY THE EXPULSION OF ALL ARABS FROM "BIBICAL ISRAEL"...
OF COURSE, AMERICANS AREN'T SUPPOSED TO KNOW THIS...
SO WE HAVE THESE NONSENSEICAL CONVERSTIONS THAT DOMINATED THE MEDIA YESTERDAY... THESE DIALOGUES THAT MAKE NO SENSE TO ANYONE WHO IS REMOTELY IN TOUCH WITH THE TRUTH....
IT'S ALL ABOUT:
"WHY DO THEY HATE US?"
THEY HATE US BECAUSE WE'RE GOOD AND THEY HATE FREEDOM.
OR, WORSE YET, THEY ARE THE NEW "FASCISTS."
ETC. ETC. ETC.
UNTIL THERE IS A REAL REGIME CHANGE IN WASHINGTON...
AND UNTIL THE AMERICAN PUBLIC IS ALLOWED TO KNOW THE TRUTH ABOUT THE MIDDLE EAST CONFLICT...
WE WILL SIMPLY HAVE MORE OF THE SAME...
AMERICA'S "NEWS GHETTO" WILL CONTINUE TO CONFUSE AND CONFLICT THE FACTS ABOUT THE MIDDLE EAST.
SO IS IT ANY WONDER THAT THE ALREADY OUT OF TOUCH...AND GENERALLY STUPID...AMERICAN ELECTORATE IS SO CONFLICTED.
VIRTUALLY EVERYTHING THEY HAVE BEEN TOLD IS TRUE IS A LIE...
AND EVERYTHING THEY THINK IS A LIE IS THE TRUTH...
THIS KIND OF DEEP AND PROFOUND STUPIDITY AND DEMOCRACY ARE TOTALLY INCOMPATIBLE.
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