http://www.zerohedge.com/article/michael-krieger-last-dance
Read for an interesting analysis of the USD situation vis a' vis China.
China took our production, now they will take away the value of our Dollar. We will be left with no manufacturing, a collapsed currency, debt over our eyeballs, and no way to recover.
Scary. Buy American.
Thursday, April 29, 2010
How long til the Markets roll over?
http://market-ticker.denninger.net/archives/2245-The-Wheels-On-The-Bus-Go-Flying-Down-The-Street.html
KD makes an often made point here, but i continues to be true.
Until we start to focus on creating jobs that produce GDP increasing exports, we are in trouble.
KD makes an often made point here, but i continues to be true.
Until we start to focus on creating jobs that produce GDP increasing exports, we are in trouble.
Sunday, April 25, 2010
Arizona.....Jobs, Jobs, Jobs.
I think the events in Arizona tell a story about where we are headed as a nation. The seeds of future conflict are germinating there. As the economy continues to weaken, and the USD continues to be undermined by galactically enormous debt, we will see State Governments challenge the weakening hegemony of the Federal Government. The power of those that wish to see endless illegal immigration will wane with the collapse of their spending power. At some point individual US States will recognize the realities and take action to attempt to mitigate the disaster of our financial and economic collapse. Arizona is ahead of the pack. They might just understand that in order to fix our economy we must find a way to raise the incomes of our citizens. Just look at the formula for GDP. It tells the story of where we are, and what our real options are in the future. Either we protect American Jobs in every manner possible, or we will see continued national decline. Now it is just a matter of how long it takes for a majority of Americans to grasp the reality we face. Once that occurs, then things get interesting!
We cannot afford illegal aliens any more! We cannot afford China any more. It is time we start to support American Jobs for legal Americans.
We cannot afford illegal aliens any more! We cannot afford China any more. It is time we start to support American Jobs for legal Americans.
Friday, April 23, 2010
Goodbye Disneyland, by Mike Krieger
http://www.zerohedge.com/article/insights-americas-disneyland-mike-krieger-and-our-neo-feudalistic-gulag-casino-economy
A very interesting read. If read down to some of the comments, they are also pretty interesting reading.
How do you invest for the long haul if this is the situation?
A very interesting read. If read down to some of the comments, they are also pretty interesting reading.
How do you invest for the long haul if this is the situation?
Saturday, April 10, 2010
Another Great Zerohedge Post - BIS and exponential growth of US Debt
http://www.zerohedge.com/article/bank-international-settlements-sees-us-debtgdp-over-400-2040
"Well, one little comment - essentially at this point the entire world is bankrupt. Yet the bankers will keep on trending the market higher and higher on ever declining volumes, to perpetuate the illusion that things are getting better. If that means that GETCO will quote a market of 1,000,000 x 1,000,000,000 for 2 shares of SPY at some point in the future, we would not be surprised. It is merely an artifice for the financial kleptocrats to cash out from as high a point as possible as they try to sucker ever greater numbers of people into the parabolic phase of the ponzi. Yet the numbers don't lie. No matter what Obama does, no matter how he spins the CBO data, or how much healthcare reform is presented as revenue generating, the final outcome is now certain, and it involves the chain bankruptcies of every developed nation. And since the developed world is merely a cheap source of commodities and processed products for the developed world, the BRICs of the world will be next.
Previously, few dared to discuss the ponzi openly. With the BIS now getting into the fray, the issue of sovereign insolvency is now front and center. Of course, few will dare to forecast when the great unravelling will begin. And neither will we, suffice to say that as more and more people read disclosure such as the above, coming from the most legitimate of financial institutions, the more people will awake to the true cataclysm that has now enveloped Western society, which if the Roman empire was any indication, is in last days." Zerohedge
"Well, one little comment - essentially at this point the entire world is bankrupt. Yet the bankers will keep on trending the market higher and higher on ever declining volumes, to perpetuate the illusion that things are getting better. If that means that GETCO will quote a market of 1,000,000 x 1,000,000,000 for 2 shares of SPY at some point in the future, we would not be surprised. It is merely an artifice for the financial kleptocrats to cash out from as high a point as possible as they try to sucker ever greater numbers of people into the parabolic phase of the ponzi. Yet the numbers don't lie. No matter what Obama does, no matter how he spins the CBO data, or how much healthcare reform is presented as revenue generating, the final outcome is now certain, and it involves the chain bankruptcies of every developed nation. And since the developed world is merely a cheap source of commodities and processed products for the developed world, the BRICs of the world will be next.
Previously, few dared to discuss the ponzi openly. With the BIS now getting into the fray, the issue of sovereign insolvency is now front and center. Of course, few will dare to forecast when the great unravelling will begin. And neither will we, suffice to say that as more and more people read disclosure such as the above, coming from the most legitimate of financial institutions, the more people will awake to the true cataclysm that has now enveloped Western society, which if the Roman empire was any indication, is in last days." Zerohedge
Monday, April 5, 2010
Peak Oil? A return to bumpy roads....
http://europe.theoildrum.com/node/6349
"Peak oil is said to be an inversion of tendency of the economy; but also of many things of everyday life that seem to have started to go back to earlier times. The last inversion of tendency comes from a series of articles in the press that describe the return of gravel roads. For the time being, that seems to be happening mainly in rural areas of the US, as described, for instance in USA-today. In Europe, there are fewer reports on this point, although it seems that the same situation is developing in northern countries. In places such as Finland, the cold climate places a higher stress on paved roads and forces the return to gravel roads. But the lack of press reports doesn't mean that the problem is not there: if you travel to Italy this year, you'll see that a lot of paved roads are in a pitiful state: full of potholes."
"Peak oil is said to be an inversion of tendency of the economy; but also of many things of everyday life that seem to have started to go back to earlier times. The last inversion of tendency comes from a series of articles in the press that describe the return of gravel roads. For the time being, that seems to be happening mainly in rural areas of the US, as described, for instance in USA-today. In Europe, there are fewer reports on this point, although it seems that the same situation is developing in northern countries. In places such as Finland, the cold climate places a higher stress on paved roads and forces the return to gravel roads. But the lack of press reports doesn't mean that the problem is not there: if you travel to Italy this year, you'll see that a lot of paved roads are in a pitiful state: full of potholes."
Oil rising....
I think as we see Oil rising again, it rises in response to the economy attempting to revive. Now may be a good time to think about another fuel efficient auto, before we go back to Oil being back over $100 again.
Saturday, April 3, 2010
Oil to rise over $90 a barrel
http://www.independent.co.uk/news/business/news/oil-set-to-rise-above-90-a-barrel-1934380.html
"Oil is set to rise above $90 a barrel this year as the global economic recovery drives demand, it was reported today.
Investment fund Hermes Commodities predicts the rebound will be driven by rising demand for trucking and shipping fuels, according to the Daily Telegraph newspaper."
"Oil is set to rise above $90 a barrel this year as the global economic recovery drives demand, it was reported today.
Investment fund Hermes Commodities predicts the rebound will be driven by rising demand for trucking and shipping fuels, according to the Daily Telegraph newspaper."
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