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The destruction of US economy by Bush
R Russell/PAUL CRAIG ROBERTS How Bush Destroyed the Dollar
YIKES !!
Got gold yet ?
The harm that the Bush administration has done to the United States is almost beyond comprehension. Do you wonder why gold is rising? Please read the piece below -- Russell
The Profile of a Third World Country
How Bush Destroyed the Dollar
By PAUL CRAIG ROBERTS
It is difficult to know where Bush has accomplished the most destruction, the Iraqi economy or the US economy.
In the current issue of Manufacturing & Technology News, Washington economist Charles McMillion observes that seven years of Bush has seen the federal debt increase by two-thirds while US household debt doubled.
This massive Keynesian stimulus produced pitiful economic results. Median real income has declined. The labor force participation rate has declined. Job growth has been pathetic, with 28% of the new jobs being in the government sector. All the new private sector jobs are accounted for by private education and health care bureaucracies, bars and restaurants. Three and a quarter million manufacturing jobs and a half million supervisory jobs were lost. The number of manufacturing jobs has fallen to the level of 65 years ago.
This is the profile of a third world economy.
The "new economy" has been running a trade deficit in advanced technology products since 2002. The US trade deficit in manufactured goods dwarfs the US trade deficit in oil. The US does not earn enough to pay its import bill, and it doesn't save enough to finance the government's budget deficit.
To finance its deficits, America looks to the kindness of foreigners to continue to accept the outpouring of dollars and dollar-denominated debt.
The dollars are accepted, because the dollar is the world's reserve currency.
At the meeting of the World Economic Forum at Davos, Switzerland, this week, billionaire currency trader George Soros warned that the dollar's reserve currency role was drawing to an end: "The current crisis is not only the bust that follows the housing boom, it's basically the end of a 60-year period of continuing credit expansion based on the dollar as the reserve currency. Now the rest of the world is increasingly unwilling to accumulate dollars."
If the world is unwilling to continue to accumulate dollars, the US will not be able to finance its trade deficit or its budget deficit. As both are seriously out of balance, the implication is for yet more decline in the dollar's exchange value and a sharp rise in prices.
Economists have romanticized globalism, taking delight in the myriad of foreign components in US brand name products. This is fine for a country whose trade is in balance or whose currency has the reserve currency role. It is a terrible dependency for a country such as the US that has been busy at work offshoring its economy while destroying the exchange value of its currency.
As the dollar sheds value and loses its privileged position as reserve currency, US living standards will take a serious knock.
If the US government cannot balance its budget by cutting its spending or by raising taxes, the day when it can no longer borrow will see the government paying its bills by printing money like a third world banana republic. Inflation and more exchange rate depreciation will be the order of the day.
Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He was Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review.
Don't worry, ckirbygo, the days are coming where flipper investors with $75 gains on 5000 shares won't carry weight on the sp. As you said, we need a couple of good prs and the .10 and .11 would look then as great bargain prices.
Happy trading,
Gaougogl
The small limit order I placed yesterday to buy at .10 was only partly filled. Seems that there is no much enthusiasm to sell at this price. That's good. Soon we are heading higher I believe.
Gaougogl
I placed a limit order to buy a few thousand shares at .10. I really believe this price is a bargain. But for how long? For certain, this stock one of these days will take off again.
Happy New Year,
gaougogl
I'm definitely long as well. Seems there is a lot a tax loss selling. I expect the share price to pick up in January.
Happy New Year,
gaougogl
Contractor, seems that you did not read carefully the second part of my post. The days that some could beguile most of us about AENP are over. Time they retire and do some mirror work.
The same guy,
Gaougogl
God, I missed Hawk's posts about AMEP, how great is Mr Bitters, yes sir, hard working CEO breathing AMEP 7/24 a week, shrewd oilman Mr Bitters, one of a kind, honest to boot, Church going, bla, bla, bla, how terrific were the new Mexican water rigs and how cheap Mr Bitters managed to get them, the shaft turning right, the lights, the rain water, the mud pumps, the generators, trips to the site and photos, bla, bla, bla... And his expectations (Hawk's) about of a stream of good and very informative PRs - any day now, folks - triumphal company announcements of oil gushers here, oil gushers there, oil gushers everywhere, bla, bla, bla, geophysical analyzes and maps, and all that crap...
I want the good old AMEP days back!
Happy everything,
Gaougogl
Buy AENP in moderation, otherwise the sp will rocket, lol.
Ckirbygo,
>> ...he stated they have shown no need for $$$, and financials he will also check. <<
That the best news so far. This sentence gives us a very optimistic picture on the standing of the company. If true, then I'm certain the sp will take care of itself eventually. Thanks for your efforts and your good post.
Happy Holidays,
Gaougogl
man alive,
Did you ever bother to read them - I mean, really read them before the 'good' guys delete them?
Did you ever bother to question yourself why in the world you are supporting this thing? That you are part responsible for the unwary falling into this hole?
I suggest some mirror work; it does wonders most of the time.
Sadly,
gaougogl
I believe that the Therma Zreeze product is great and I'll appreciate some update from the management. It is very important true investors to be kept informed about the financial progress of the company.
Happy thankgiving to all,
Gaougogl
Realperson,
Quite right. Which might mean that we won't be in the dark for long. Considering the product, I'm very optimistic for the future of TFZP. It takes a little patience that's all.
My best,
gaougogl
Realperson, thanks for your input.
You write, "The OS is getting close to AS which is good."
Care to explain why is so? If really the OS is getting closer to AS, to me that indicates that the company hasn't reached profitability yet and is selling shares for working capital.
But I would like to be wrong.
Happy everything,
gaougogl
"It rained!" Just looking back with nostalgia...
Happy everything,
gaougogl
ckibygo,
One of the reasons the sp plunged so low in spite of the good PR's so far, is perhaps the complete absence of $ numbers in them. Therma Freeze's product is great, but has the company reached profitability as yet?
From the Pink Sheets
Estimated Market Cap
9,463,656.4 as of Oct 31, 2007
*
Outstanding Shares
86,033,240 as of Oct 10, 2007
*
Authorized Shares
100,000,000 as of Aug 22, 2006
*
Number of Share Holders of Record
870 as of Jun 30, 2007
*
Float
24,500,000 as of Jun 30, 2007
Number of outstanding shares is as of Oct 10, 2007. Has the company since then done any dilution?
Can somebody shed some light to these questions?
For the record: I'm very long TFZP.
Happy everything,
Gaougogl
(Revised) "It Rained". I just loved that PR. Those were the good days
where known today company pumpers were then enjoying the respect and trust of everybody and CB was going to make us all millionaires. lol.
Happy investing,
gaougogl
When the management of a company has no integrity and no regard for the shareholders, good fundamentals of that company are irrelevant.
Gaougogl
When the management of a company looses respectability good future prospects of that company matter no more.
Gaougogl
When a company looses respectability good prospects matter no more...
Sadly,
Gaougogl
ckirbygo,
Good question. Who is selling? I hope is not the company.
After all they have 100 mil authorized shares. Just a thought.
Happy everything,
gaougogl
alaskaishome,
I agree with you. This product has great potential. Its applications can be numerous. I believe that the management has been driving a steady course and we just need to couple more good announcements for the ship to totally turn the corner. I added more at .185.
Happy investing,
gaougogl
alaskaishome,
I'll appreciate if you elaborate further.
Thanks,
gaougogl
A good post for newbies by luckydude777
15 Oct 2007, 07:28 PM EDT
Msg. 115531 of 115533
All a CEO has to do down here in these penny stocks is keep PR'ing "mystical HOA-800" and eventually enough pumpers will build the myth into ALMOST reality (yet just not QUITE).
It might not be HOA-800 C.B. uses next time, but it surely might be HOA-900! It might be that HOA-900 has shown to work better than Viagra, if drink the "correct formula," which only the new AENP has of course.
If C.B. hangs on, he'll come up with a new "Snake Oil Con," -- believe it. He's just one more of the rest of the 99.999% CEO's who run pennyshock companies.
Business model of these CEO's? If we somehow stubble across a way to make money selling our product/s and/or our service/s ... so much the better, but because we most likely won't ... our service will be selling shares to SUCKA-A-A-A-Sssss. Legal counterfieting, is what my Daddy used to call it.
"Uhhhh ... but wait a minute, Lucky. Do you care about making money or NOT?" I care. "Well ... then get past the legality and/or morality of this "business" and just play the game, dude. When C.B. starts with his next PR campaign to get suckaaaassss to buy shares for a share price rise, jump on the wagon train and go along for the ride, dude. It's the American way, don't you KNOW?"
Yep ... I know.
By the way, I wonder if any "shrewd" CEO has figured out a way to make money selling shares in his company that specializes in exposing OTHER "Scam" companies like C.B's?
Hey, C.B. ... now THERE is something for you to consider ... A Texan "Robin Hood."
Steady T,
You write: >> To paraphrase only slightly....No matter what management does they can not win in our eyes.<<
But of course, that's how it should always be in public companies with ethical character. What is the point of investing and remain loyal to a company if its management wins at the expense of the shareholders? In a public company all parties, management and shareholders, are partners and must share equally the failures and the successes. This connection between management and shareholders is one of the most essential elements of the free enterprise system. The disgraceful and horribly stupid 1/24 RS that excluded CB's prefered shares destroyed for ever that balance.
Happy investing,
gaougogl
joe5p,
Excellent post. It illustrates exactly the ethical poverty of the people running this company.
But in the end you write: >> Prove me wrong, management. For all that is holy, prove me wrong.<<
Let's assume the management does that. Today, tomorrow it releases a PR with great news. What difference that'll make for you and me? If the management of a company has no credibility, the greatest news will have absolutely no value whatsoever for the shareholders. That kind of management will always find new ways to scum the unwary investors over and over again.
Happy everything,
gaougogl
ponzi,
You write: >> I know a lot of posters here look up to Greeneyedhawk <<
I seriously doubt about that, unless by the “lot posters here” you mean the unwary newbies. I would say that most people here and RB board are looking at him now with much suspicion and distrust. He was so persuasive for years with his trips to AMEP and photos, the telephone calls with the management, the cogitative but unsubstantiated analyses for around the corner great oil and gas production, and around the corner stream of PRs with great news, that I was really convinced, in spite of the "do your own DD" crap. But, when he declared his support to the 1/25 disgraceful and thieving RS, suddenly his role in the AMEP saga became clear to me. I was socked, really. I consider myself savvy with investments, but, in this case, I had to come to terms with my gullibility and admit to myself, and to posters here, that I've been had like a novice investor.
I might have lost my money to a dishonest management and shills, but, at least, I'm proud with the guy I see in my mirror.
May you always invest with success,
gaougogl
Nice rebound yesterday with very good volume. Let's hope the stock will keep up the momentum. Still I wonder why the huge decline in one day. Ideas anyone?
Gaougogl
Gigantus,
JYHW is not in the pink sheets. It a OTCBB (OTCOB for yahoo), a fully reporting company.
http://en.wikipedia.org/wiki/OTCBB
Happy trading,
gaougogl
That's a good one:
By: hayhauler (RB)
09 Oct 2007, 08:28 PM EDT
Talked to the company today
Everyone get ready more wells coming on line as soon as they can figure out how to get it out of the ground. Those wells drilled last year will go on line as soon as they get the water out of the hole, and figure out what to do with the sand in the pumps. The new rig is doing great and their proud to have it and some day they might use it. Can't see any problems here.
There must be an important reason for this dramatic drop in a single day that we, the common shareholders, don't know. And that gives me pause. Did an unfavorable inside information leaked to certain parties before an official PR? Lets wait and see if the company will clear up that question asap.
Happy everything,
gaougogl
AENP, sp .38 (Uhg!) volume 18,429 (Ouch!)
Almost nobody is interested to buy at these dirt cheap prices, even the grand pumpers. Why sould they? They may be CB's apologists for some reason, but in reality they aren't fools. They know that the holdings of a company mean literally nothing if its management has a reputation of dishonesty with the shareholders.
Happy everything,
gagougogl
Noli,
It looks that we are forming a resistance at 2.70. But it has no teeth and we'll break through. Volume impressive for this small company.
Have a nice weekend,
gaougogl
11.30 am. Volume 1640, roughly $600 col (crying out loud).
It would be nice if CB's apologists explain to us AENP 'bashers' why aren't they buying at these dirt cheap prices. What are they waiting for? According to them, the future prospects of American Energy Non Production are superb. Perhaps ctb will solve this mystery for us. He is so talented...
Thanks in advance,
gaougogl
Volume 4.280, less than $2k - that's is hilarious, enough money for pizzas and beers for the roughnecks at the oil patch. Shouldn't the spineless CB's apologists keep buying now at such cheep sp before the great PR - soon to come - will rocket the American Energy Non Production to the moon, col (crying out loud).
In the mean time, happy everyting all
gaougogl
AENP (American Energy Non Production Inc)
Good investing to all,
gaougogl
Contractor,
No that you insult me by calling me Mongo. In actual fact I hold Mongo in high regards, and as I pointed out here in the past, I cannot say the same about some of you supporters of an incompetent and dishonest church going CEO. That's is my opinion, of course.
But allow me to (forgive me for the word) teach you this: Before you do thoughtless statements that I am Mongo publicly, just give some attention to the style of my writing. Does it has even a remote resemblance to you with that of Mongo or anybody else? Writing is like a signature - one of the personality’s give-away windows. Almost impossible to imitate accurately or even escape from it. Wouldn’t you agree? Besides can you not detect my foreign 'accent' in my writing?
As for the Admins watching, I assure you I don't loose sleep on that. Let him know that I can't stand people without honor. Can he? This is the question.
Despite of everything, glty,
gaougogl
sparkspro,
>>Can anyone give me a good reason why no PR's have happen yet!! It sure takes a long time to stabilize a well, must be a monster well!! LOL!!<<
I believe the following is a good answer to your question:
<<Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions...>>
So, no mystery here why there is not a PR. Can you find a better explanation?
And, please, don't fall in the trap of "phone conversations" with company people with shady reputation.
Good investing
gaougogl
liquidmillions,
I bought in quite heavily. I agree with you, this is going much higher and, perhaps, very soon. By the way, do you know why JYHW does not trade on a higher exchange than bb? After all, the sp is above two dollars. Thanks.
Happy investing,
gaougogl
Contractor,
I stand corrected. Thanks. Regarding Mongo, let's see if the administrator has what it takes.
Gaougogl
pro,
If there is a PR before the split, which I doubt very much, and the price spikes up a cent of more, there will be such a bottleneck at the exit that the price will dive fast perhaps lower than before. Many yes bend overs here will be trapped in the squeeze.
Happy everything,
Gaougogl