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Train Wreck of the Week - July 17 2005
http://www.theinternationalforecaster.com/trainwreck.php?Id=85&PHPSESSID=8c994dcfad82d8a037ec5dd...
The Point Dume Club... the madness of markets... Credit growth remains at record levels... reasons for war...
The Point Dume Club has become famous - a place in Malibu, CA where you can buy a two-bedroom, two-bath mobile home for $1.4 million. Even in Key West, FL similar dwellings sell for $500,000. The buyers do not even own the land these manufactured homes stand on. Space rent on that lot in Malibu is $2,700 per month.
This is the story of the madness of markets. It will end and when it does our nation will suffer greatly.
California median home prices rose $12,960 during May to a record $522,590. That is up 12.8% over the past year. Prices were up $138,120 over the past 18 months or 36%. Median prices were up $203,000 or 64% over three years and $302,180 or 137% over six years. Median condo prices were up $12,630 during May to a record $420,740 or up 14.9% since 5/04. Condo prices are up 40% over the past 18 months. Condo prices were up 74% over three years and 153% over six years. Sales are off 2.8% from a year ago. The inventory of unsold homes held at 2.8 months supply. This certainly cannot go on indefinitely. When the correction comes there will be lots of unhappy people.
Credit growth remains at record levels, which as you can see has led to an inflationary boom, irrespective of what the Bureau of Labor Statistics says about inflation. If you add in just higher energy prices you have an explosive situation. Not only is real estate a bubble, the whole economy is a bubble.
Even the types of jobs we work at are changing. So far this year only 10% of newly created jobs have been goods-producing, down from 2004s 16%. That is in spite of the addition of 151,000 construction jobs. In just six months 64,000 manufacturing jobs have been lost. In 2004, 74,000 were lost, so the trend is accelerating. On the other hand, the economy has added 976,000 service jobs this year, which is a slightly higher pace than last year.
After having lived in Southern California for 36 years it is hard to fathom the absolute madness of the real estate market. This is a good clinical example of what massive credit and no real rules can do to prices of real estate. We have waves and waves of refinancing. Some owners have refinanced four times. Then there are interest-only and adjustable rate mortgages and other exotic mutations. We are told all will be well and prices will just flatten out and we will all live happily ever after. Markets do not react that way, as we will see. The boom will not have run its course until previously unimaginable real estate excesses have wreaked havoc thought the system. The Fed was created in 1913 to end recessions and depressions and all it has done is control and create them. The Fed is supposed to preserve price stability. It has done just the opposite in collusion with both political parties and the BLS, Bureau of Labor Statistics. What they have done is deliberate. Their unrestrained, asset-based Wall Street finance has created bubbles and what they have done guarantees monetary disaster. We believe the financial system is entering a period where no one, not even the Fed, will be able to control it. There is certainly no way back. Thus, get ready for a very rough ride.
Americans do not realize it yet but gasoline, heating oil and oil derivative products are going to rise another 30-40% soon. This is a permanent change in the basic underlying cost of the products of oil. We will probably never see $40.00 oil again. Add this to over-extended credit, tremendous debt, no savings and the need for foreigners to finance our current account deficit, and you have trouble just around the corner. If the first quarter current account deficit is repeated for the remainder of the year it will be more than $900 billion. We believe the US is close to reaching the absolute limit of total world savings that is available. The public doesn’t understand and when informed could care less. By way of example, accumulated household debt in the first quarter was 56% higher than in the first quarter of 2000. Anyone who believes that can continue indefinitely is sadly mistaken.
For those of you who think US gasoline and diesel prices are high, in Germany a gallon of diesel is $5.45; regular gas is more than $6.00 a gallon and premium is $6.59.
Just as Congress did in the US after 9/11, UK ministers were preparing to rush through measures to arrest and detain suspects accused or believed to be associated with acts of terrorism. The resident moron in the White House was using the event to make sure that all appropriate agencies were responding in case the American people needed to be repressed.
Afghanistan, Iraq, 9/11, 7/7 and Madrid are all an extensions of political activity on the road to domination of we serfs as the elitists divine their New World Order. We don’t believe in lawful killing except in self-defense. Why the American people accept aggressive war for profit or political ends is beyond us. In fact, it is a tragedy of humanity. Terror is not defendable. It is the same as when someone wants to kill you. If they want they can. Terror is especially un-defendable when it is government sponsored and simply considered collateral damage. We are sad to say man has never been truly civilized – we are still barbaric societies. War and force are the politics of profit – war is a racket. Terrorism is a myth and fighting for liberty and freedom is more often also a myth. War means more debt and less physical safety for the populous of any nation. Government ultimately uses war for suppression and any government that starts wars is the anti-thesis of civilized government.
Do you want to read more by Bob Chapman? There are 78 previous issues for you to read
Rogue
Greenspan's Fraud
Best Selling Author and Economics Professor Ravi Batra Explains
Alan Greenspan has been worshiped and adored by America because he is perceived to have saved America from various economic crises over the last decade.
Best-selling author and professor of economics at Southern Methodist University, Ravi Batra, takes a different view of Greenspan. He sees Greenspan as a two-faced politician who changes his views depending on which way the wind is blowing.
More importantly, Dr. Batra believes that “Greenomics” has extracted trillions of dollars from the American middle class, sharply enriched the rich, and protected big business. In his book and in his interview with me, Ravi explains why he believes Greenspan’s inconsistencies on Social Security, income tax cuts, and the minimum wage are working to destroy the middle class and are leading America toward perilous times.
Your editor is not in complete agreement with some of Dr. Batra’s views but his theory that the ruling elite (who Greenspan works for) regulate the economy in such a way that wages lag productivity is not only novel, but a most important concept in understanding why America’s middle class is disappearing, why we are losing our manufacturing base, and why global trade imbalances persist. I hope you not only enjoy the following interview with Dr. Batra but that you also buy his latest book, titled, Greenspan’s Fraud.
(Interview follows..............)
http://www.howestreet.com/mainartcl.php?ArticleId=1368
Rogue
Gold prices tipped to double
Tan Hwee Ann
July 14, 2005
http://www.thestandard.com.hk/stdn/std/Markets/GG14Ag04.html
Gold prices may more than double in the next three years as concern about a weaker dollar and rising oil prices attract more investors to the precious metal, said privately owned financial advisory company Fat Prophets.
A record US trade deficit and high consumer debt may hurt the dollar and the economy, increasing the allure of alternative investments, said Angus Geddes, a co-founder of Sydney-based Fat Prophets, which this year launched a A$32 million (HK$187.47 million) investment fund.
Oil producing-nations, benefiting from record prices for the fuel, may also buy more gold, he said.
``Investment demand in gold is picking up around the world, with gold prices rising in other currencies,'' Geddes, 36, said. ``There's going to be a lot more stress in the world's financial system, particularly in the US, derived from their weakening currency.''
Gold may rise to US$850 (HK$6,630) an ounce within three years, Geddes said.
Spot gold prices in yen terms reached a 14-year high of 48,307 yen (HK$3,381.49) an ounce on June 30, and touched a record 366.27 euros (HK$3,465.61) an ounce on June 23.
In dollar terms, gold futures in New York reached a 16-year high of US$458.70 an ounce in December as concern about US trade and budget deficits drove investors to buy bullion.
``For the US, when the music finally stops, the hangover will likely be considerable,'' Fat Prophets said. ``This bodes dark tidings for the US dollar.''
Investors are already starting to convert their dollars into other assets, Geddes said.
``Middle Eastern nations are receiving record amounts of US dollars in exchange for oil, and this is clearly having a positive impact on demand as vast quantities of petrodollars are diversified into hard assets,'' Fat Prophets said. ``This last happened on a grand scale during the 1970s when a skyrocketing oil price contributed to gold hitting an all-time-high of US$850.''
Gold prices may also rise as precious metals demand increases in China and India, Geddes said.
Merrill Lynch is also forecasting higher gold prices. Graham Birch, at Merrill in London, on July 11 said gold may rise to US$725 by 2010, as economic growth turns China into the world's biggest jewelry consumer.
BLOOMBERG
Rogue
Kozuh....are you really that gullible to to believe those government inflation numbers??
LOL!!!!!!!!
Rogue
Gold/Silver.....In my 23 years of investment experience I can count on one hand the amount of times I've been very bullish on Gold and Silver. I've been uncannily correct on the major bottoms.
I think we are going to see a major bottom in Gold in the next few months. I think it will be the equivalent of buying Oil a year and a half or two ago at $27 per barrel.
There are lots of fundamental reasons to be bullish....you've probably heard them. Believe me, no one's going to twist your arm and ring the bell at the bottom to BUY Gold.
Except me! LOL!!!
Just a gut feeling....we'll see how it plays out.
Rogue
Interesting post from a Gold Bull on Silicon Investor....
Message Boards / Gold, Mining, and Natural Resources : Welcome to Slider's Dugout
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From: SliderOnTheBlack 7/15/2005 10:02:14 AM
of 183
China...THE catalyst for Oil AND Gold Prices.
I'll start with Gold...then I'll put on my Oliver Stone hat and switch to Oil:
On July 7th I talked about the coming influence from China opening up the physical market for gold:
http://www.siliconinvestor.com/readmsg.aspx?msgid=21484481
Yesterday, Merrill Lynch predicted China's Physical Demand will push Gold to $725 by 2010.
...yes, "Merrill Lynch" ~
http://www.financialexpress.com/fe_full_story.php?content_id=96431
re: Oil the USA's Economic & Geopolitical WMD of choice:
The Soviet Union - then...and China - now.
...did anyone see any clips from the Clinton Administration's former CIA Director Adm. James Woolsley's testimony on the Hill concerning the CNOOC-UNOCAL deal, Wednesday on Television !?!?!?!
In Woolsley's entire public career, I can NEVER recall seeing him that emotional and intense !
Access video, or a transcript of his testimony and you'll be on your way to piecing together one of the single most misunderstood investing theme's in the marketplace... CHINA.
Of course in a completely unrelated matter... today's Financial Times featured 2 stories out of Beijing this morning:
(1) Zhu Chenghu a Major General in the Communist Peoples Liberation Army ( an organization not involved with WalMart Supply Chain Management by the way...)announced that China is prepared to use Nuclear Weapons if the US confronts China over Taiwan...not to mention that they are already supplying the technology to allow North Korea & Iran that ability as well...
(2) "The Bush Administration has told key Senators that is expects China to revalue its currency in August, ahead of a planned visit to Washington by President Hu Jintao in September..."
...now that's what I call some Big-Boy's with Toy's (nuclear) - Sabre Rattling.
In February 1999, 2 PLA Air Force Senior Colonels, Qiao Liang [STC: 0829 5328] of the PLA Air Force Political Department and Wang Xiangsui [STC: 3769 3276 4482] of the Guangzhou Military District PLA Air Force Political Department, published "Unrestricted Warfare" - Assumptions on War and Tactics in the Age of Globalization.
A piece worth reading, if not a prerequisite for any investor wishing to really understand how US:China Geopolitic's are driving many present facets of the Financial Markets and will continue to do so for some time to come...
In their treatise, the Communist PLA lays out their plans to wage modern warfare in the Currency, Commodity & Financial Markets.
<whodathunkit !?!>
The Reagan administration was able to collapse the last Communist Super Power, the former Soviet Union; via exploiting inherent inefficiencies in their Economic System.
Oil was used as a Weapon of Mass Economic Destruction during Reagan's Cold War with the Soviets...via the Saudi's flooding the Oil Market collapsing Oil Prices and thus Soviet Revenue, simultaneous to an escalation in Defense Spending where it was NOT a $1 for $1 escalation in spending that toppled the Soviet Economy and thus - the Soviet Political Leadership... but, due to the Soviet Economic Systems inherent inefficiencies... it was exploiting those systemic inefficiencies and forcing the Soviets to actually have to spend $2 to $3 on Defense for every $1 the US was spending - that led to their collapse.
That was then...and this is now:
Today the Oil Market is once again not trading freely, as the USA is once again using OIL as an Economic & Geopolitical WMD to collapse the latest and perhaps the last remaining Communist threat to US sole Super Power Status... China.
We are once again exploiting the inefficiencies in a Communist Economic System, whereby the Chinese must spend a multiple of what the US does to translate each $-price per barrel of Oil into $'s of GDP.
[ PS: The London Stock Exchange is coming out with a new "OIL ETF"... whodathunkit !?!?!]
The US is now doing to China... exactly what we did to the former Soviet Union - exploiting systemic inefficiencies in the Communist Economic Systems to collapse their Economies and in turn - the Communist Political Leadership.
Toppling the Communist Chinese Leadership accomplishes many goals:
It eliminates the Military threat of a rising China, breaking the Nuclear Supply Chain to North Korea, Iran and other rogue states. It slows China's voracious appetite for Natural Resources and their strategic acquisition of the same and perhaps most importantly politically - where one only needs to follow the money -
...it swings open the doors of Capitalism to the greatest Financial Opportunity of modern times to cheaper, unfettered investment and of primary importance - allows "control" for the Fiat Central Bankers of the West.
Many question not only the reality of the US using Oil as a modern Economic/Geopolitical WMD, but also the risk to the US Economy.
To a small degree there is the double-edge sword degree of risk of collapsing the US Economy. But, the US is exponentially less impacted by rising Oil Prices than is China.
This is a much misunderstood fact. Tax Receipts are ramping all across the US due to the windfall of rising Property Taxes from the Housing Bubble AND the windfall of taxes on Oil & Gas..... and the windfall to the Saudi's is recycled to offshore, unregulated Carribean ventures that prop up our Treasury Market...funding our $200 Billion Dollar pOILitical venture in Iraq....and not only did we not see it coming, we never felt a thing...
...as the US Citizenry is sedated on the Opiate of a Housing Bubble, cheap & copius Credit and a Market that has a guaranteed 'Act of Terrorism' Greenspan/ESF-PUT in place and is being pushed along toward DOW 11,000 in an effort to "sell" the transfer of that MASSIVE UNFUNDED LIABILITY called - Social Security from the US Government to the private accounts of the soon to be - US Sharecropper Society...
US Citizens with record debt levels, no job, or wage growth, unfunded Pension & Social Security Plans, sedated via cheap credit and a Housing Bubble...while the Exit Door is nailed shut via the new Bankruptcy Reform Laws and Bush's plan to transfer the unfunded liability off the balance sheet of the US Government to that of the US Consumer via enticing them with the propped up Equity Markets being offered upon the Silver Plattered Chopping Block held so willingly by the greedy Investment Bankers...
aka - the planned Political & Economic-Enslavement of all but, the Wealthy Elite of US Society.
Truly Warren Buffett's - "Sharecropper Society" awaits 95% of the US Populace dependant on the Political Welfare of the Elite Globalist State...that will transfer their jobs to Bangalore for an extra .02 cents a share, will sell out Border Security for NAFTA, will trade North American Energy Independance for Billions in Profits for the Bush/Cheney pOILitical Machine & the Saudi's...assuring the misallocation of prescious resources to maintaining the inefficient dependance of the Global Economy on fossil fuels instead of New Technologies and North American Resources...
...Tom Ridge the former US Senator & Homeland Security Advisor was on CNBC the other morning in his new Monied-role (only in $$$$ America) hyping "implantable human micro-chips" with RFID techology...and YOU dared think I am going off on a conspiratorial tirade !?!?!?!?
George Orwell was not wrong, just 25 years early...2009, not 1984.
$lider`
Rogue
Bobwins....thanks for the nice oil/gas picks write-up. Hopefully there are more "10 baggers" lurking in your portfolio!
Rogue
Bobwins....Thanks for the oil/gas research of recent and past. I think it's a sector that should show good safety and stable growth at the very least the next few years.....even if we get a "decent" pullback the next few months or so.
Oil is the international currency right now....and you probably know by now I "despise" the US dollar "long-term".
Would you care to list all your holdings in oil and gas and rank them 1 thru 10 or such as for their attractiveness or which you favor the most?
I hope it's not asking too much. I'm looking to build-up positions again in the sector on weakness.
A major that I love and have recently sold out at a nice gain is PCZ..... Petro-Canada. I'd be a buyer on an oversold condition. Those Chinese might really "rattle" the status qou with more oil bids with our "very suspect" US dollars soon enough.
Rogue
style....you stated.... "dolphin, the Chinese, don't own us, basically, they own alot of our currency, and if that currency is to be devalued, over time, as i think you may believe, who gets the raw end of the deal?
I'm not afraid of the Chinese. they are just people to, and they can make mistakes just like anyone else. :)"......
My comment is that the average American will be hurt and get the "raw end". Much higher costs for everything we consume...enrgy, utilites,health,insurance and most everything made (because much is made in China now). Of course if your income will rise as much or more as inflation you won't be so bad off....but that won't happen for th most part. Debt or leverage may somewhat help a few ....real estate hedge?? But kill others.
The Chinese have been diligently productive and have "saved".We have consumed and have "spent" ourselves into bankruptcy. We have been busy creating financial bubbles everywhere to cloud some fundamental weaknessses obvious in our economy.
Something's gotta give.
Just some of my thoughts.
Rogue
HUI....negative divergences. It could be rolling over. I'm looking for gold futures to bottom in the next few months before a "huge" move the next few years.
Licking my chops and waiting for the right moment.
Rogue
tivpf.pk ....Bobwins, have you been able to buy any of this on the pinks? Or are you buying in Toronto?
Rogue
OTC....Get over it. Time will tell whether this country is on "sound financial footing" or not. In the meantime I may join you speculating on anything that moves. In the end...the fundamentals will win out. And to be truthful...the US economic fundamentals are horrible.
At least I won't be surprised when the SH** hits the fan.
I don't happen to like the Orwellian direction we're heading in as a country either.....
I happen to believe strongly in the rights of the "individual"....see the writings of Ayn Rand.("The Virtue of Selfishness" is great start to understanding the possible opression ahead). Highly recommended to all on this board!!!
I'm NO communist. Ayn Rand left Communist Russia right after they killed the Czar in 1917. She hated the Communist ideology....as I Do. It's as much about control as Fascism.
I'd like to think that Capitalism works...and it does. But look at the trouble we have today because of the trade deficit with China. They OWN us......unless we fight it out on the battlefield someday. I sure hope not.
But I hate Fascism.....and thats what I see coming.
Hiel Hitler! I SURE HOPE NOT!!!
Rogue
YDHCF.... you stated..."The problem is YDHCF doesn't own the private Chinese paper company as any reading of their filings will tell you."
That could be true. But that's the same thing that was said about CYD when it was in the pennies before rocketing to $37 and change.
YDHCF is an "intelligent" spec at these prices IMHO.
Rogue
Berge...that was a "cute" reply. I hope I infringed upon your "comfort zone" and made you think.
Did your mommy ever tell you the "tooth fairy" really doesn't exist? Keep believing.
Rogue
THE LONDON EXPLOSIONS, THE ROGUE NETWORK, BUSH, AND IRAN
By Webster G. Tarpley
Washington DC, July 11 – Last week’s London explosions carry the characteristic features of a state-sponsored, false flag, synthetic terror provocation by networks within the British intelligence services MI-5, MI-6, the Home Office, and the Metropolitan Police Special Branch who are favorable to a wider Anglo-American aggressive war in the Middle East, featuring especially an early pre-emptive attack on Iran, with a separate option on North Korea also included. With the London attacks, the Anglo-American invisible government adds another horrendous crime to its own dossier. But this time, their operations appear imperfect, especially in regard to the lack (so far) of a credible patsy group which, by virtue of its ethnicity, could direct popular anger against one of the invisible government’s targets. So far, the entire attribution of the London crimes depends on what amounts to an anonymous posting in an obscure, hitherto unknown, secular Arabic-language chatrooms in the state of Maryland, USA. But, based on this wretched shred of pseudo-evidence, British Prime Minister Tony Blair – who has surely heard of a group called the Irish Republican Army, which bombed London for more than a decade – has not hesitated to ascribe the murders to “Islam,” and seems to be flirting with total martial law under the Civil Contingencies Act. We are reminded once again of how he earned his nickname of Tony Bliar.
SCOTLAND YARD KNEW IN ADVANCE
That the British Government knew in advance that blasts would occur is not open to rational doubt. Within hours of the explosions, Israeli Army Radio was reporting that “Scotland Yard [London police headquarters] had intelligence warnings of the attacks a short time before they occurred.” This report, repeated by IsraelNN.com, added that “the Israeli Embassy in London was notified in advance, resulting in Foreign Minister Binyamin Netanyahu remaining in his hotel room rather than make his way to the hotel adjacent to the site of the first explosion, a Liverpool Street train station, where he was to address an economic summit.” This report is attributed to “unconfirmed reliable sources.” At around the same time, the Associated Press issued a wire asserting that “British police told the Israeli Embassy in London minutes before Thursday’s explosions that they had received warnings of possible terror attacks in the city,” according to “a senior Israeli official.” This wire specifies that “just before the blasts, Scotland Yard called the security officer at the Israeli Embassy to say that they had received warnings of possible attacks….”
According to eyewitness reports from London, BBC claimed between 8:45 and some minutes after 10 AM that the incidents in the Underground were the result of an electrical power surge, or alternatively of a collision. Foreign bigwigs, presumably not just Netanyahu, were warned, while London working people continued to stream into the subway. These reports have been denied, repudiated, sanitized, and expunged from news media websites by the modern Orwellian Thought Police, but they have been archived by analysts who learned on 9/11 and other occasions that key evidence in state-sponsored terror crimes tends to filter out during the first minutes and hours, during the critical interval when the controlled media are assimilating the cover story peddled by complicit moles within the ministries. These reports are not at all damaging to Israel, but are devastating for British domestic security organs. An alternative version peddled by Stratfor.com, namely that the Israelis warned Scotland Yard, is most probably spurious but still leaves the British authorities on the hook. Which Scotland Yard official made the calls? Identify that official, and you have bagged a real live rogue network mole.
Another more general element of foreknowledge can be seen in the fact reported by Isikoff and Hosenball of Newsweek that, since about November 2004, the US FBI, but not other US agencies, has been refusing to use the London Underground.
Operations like these are generally conduited through the government bureaucracies under the cover of a drill or exercise which closely resembles the terror operation itself. So it was with Amalgam Virgo and the multiple exercises held on 9/11, as I show in my 9/11 Synthetic Terror – Made in USA (Joshua Tree CA: Progressive Press, 2005). So it was with the Hinckley attempt to assassinate Ronald Reagan, when a presidential succession exercise was scheduled for the next day, as I showed in my George Bush: The Unauthorized Biography (1992; reprint by Progressive Press, 2004). An uncannily similar maneuver allows the necessary work to be done on official computers and on company time, while warding off the inquisitive glances and questions of curious co-workers at adjoining computer consoles.
THE COVER STORY TERROR DRILL
Such a parallel drill was not lacking in the London case. On the evening of July 7, BBC Five, a news and sports radio program, carried an interview with a certain former Scotland Yard official named Peter Power who related that his firm, Visor Consulting, had been doing an anti-terror-bombing drill in precisely the Underground stations and at the precise times when the real explosions went off. Peter Power and Visor had been subcontractors for the drill; Power declined to name the prime contractors. Small wonder that Blair, in his first official report to the Commons on July 11, went out of his way to rule out a board of inquiry to probe these tragic events.
Tony Blair may be eyeing the advantages of emergency rule for a discredited lame duck like himself, but the British people may have a different view. The alternative is clear: on the one hand is the American response after 9/11, marked by submissive and credulous gullibility in regard to the fantastic official story of what had happened. On the other hand is the militant and intelligent Spanish response after March 11, 2004, marked by powerful mass mobilization and righteous anger against politicians who sought to manipulate the people and sell a distorted account of events. Which way will the British people go? Straws in the wind suggest that the British response may be closer to the Spanish, although it may develop more slowly because of the lack of mass organization and related factors. If this is the case, Tony Blair, Jack Straw, and the rest of the malodorous “New Labor” crypto-Thatcherites will be out the window.
My thesis is that the London explosions represent a form of communication on the past of the transatlantic Anglo-American financier faction with Bush, Blair, and the heads of state and government assembled at Gleneagles, Scotland for the G-8 meeting on the day of the blast. The London deaths were designed to deliver an ultimatum in favor of early war with Iran. Here a word of clarification may be necessary. The demonization of Bush by his many enemies, while understandable, risks blurring the basic realities of power in the US and UK. Since the Bay of Pigs and the Kennedy assassination (to go back no further than that), we have been aware of a secret team. During the Iran-contra era, the same phenomenon was referred to as an invisible, secret or parallel government. This is still the matrix of most large-scale terrorism. The questions arises for some: do Bush and Cheney tell the invisible government what to do, or does the invisible government treat the visible office holders as puppets and expendable assets? To ask the question is to answer it: Bush, Cheney & Co. are the expendable puppets. The explanation of terror is not Bush MIHOP, as some seem to argue, but rather invisible government MIHOP, an altogether more dire proposition.
How then does the invisible faction communicate with the public mouthpieces? Given the violence of the power relations involved, we can be sure that it is not a matter of sending out engraved invitations announcing that the honor of Bush’s presence is requested at the launching of an attack on Iran. Rather, the invisible and violent rogue network communicates with Bush, Blair, and others by means coherent with their aggressive nature – as they did on 9/11. Bush, of course, is a weak and passive tenant of the White House whose instinct is to do virtually nothing beyond the day-to-day routine.
We therefore need to note that the London blasts come after two months of vigorous and impatient prodding of Bush by the invisible government. On May 11, a small plane almost reached the White House before it was turned away, while the Congress, the Supreme Court, and the White House (but not the Pentagon, the Treasury, etc.) were evacuated amid scenes of panic. The White House went to red alert, but Bush was not informed until it was all over, and was riding his bicycle in the woods near Greenbelt, Maryland. Flares were dropped over the Brookland district and Takoma Park, MD. The resemblance of all this to a classic coup scenario was evident. On May 18, a live hand grenade, which turned out to be a dud, landed near Bush as he spoke at a rally in Tbilisi, Georgia.
On June 29, the approach of another small plane led to an evacuation of the Congress and the Capitol, again with scenes of panic. On the afternoon of July 2, no fewer than three small planes came close to Bush’s Camp David retreat in the Catoctin Mountains of Maryland; this story was suspiciously relegated to the local news page of the Washington Post. The details of these incidents are of little interest; what counts is the objective reality of a pattern. These incidents also provide background for Bush’s unbalanced behavior on July 5 at Gleneagles, when he crashed into a policeman while riding on his bicycle. Then came the London blasts on July 7.
What is it that the invisible government wants Bush and Blair to do? Scott Ritter announced last January that Bush had issued an order to prepare an attack on Iran for the month of June. According to a well-informed retired CIA analyst I spoke with on July 3, this order actually told US commanders to be ready to attack Iran by the end of June. This project of war with Iran is coherent with most of what we know about the intentions of the US-UK rogue faction, and thus provides the immediate background for the London explosions. The Bush administration and the Blair cabinet have failed to deliver decisive military action, and the invisible government is exceedingly impatient.
One way to increase the pressure on Iran would be to implicate a group of Iranian fanatic patsies in the London bombings. This would not be difficult; in fact, as I show in 9/11 Synthetic Terror, the British capital, referred to during the 1990s as Londonistan, is home to the largest concentration of Arab and Islamic patsy groups in the entire world in such infamous locations as Finsbury mosque and Brixton mosque; these groups are known to have enjoyed de facto recruiting privileges in Her Majesty’s Prisons. But perhaps an Iranian patsy group would be too obvious at this time. More likely may be the sinking of a US warship in the Gulf by a third country, duly attributed to Iran.
In a recent speech, Dr. Ephraim Asculai of Tel Aviv University made two main points: first, that there is no military solution to the Iranian nuclear issue, and second, that there is no such thing as a point of no return in nuclear weapons development. Dr. Asculai showed that South Africa, Sweden, and other nations had turned away from deploying A-bombs well after having acquired the ability to produce them. Dr. Asculai is evidently arguing against widespread tendencies in the US-UK-Israeli strategic community who are whipping up hysteria around the notion that Iran is now indeed approaching exactly such a point of no return.
For her part, Miss Rice of the State Department has now declared that it will no longer be sufficient for Iran to turn away from nuclear weapons production; the entire Iranian program for nuclear energy production will also have to be dismantled, in her view. Such maximalism makes a negotiated solution impossible as long as the current Washington group holds power.
SCO: US GET OUT OF CENTRAL ASIA
The US, UK and Israel have been on the brink of war with Iran for at least a year, and the rogue network is generally aware that time is not on its side. There is also an important new development which threatens the ability of the Anglo-Americans to wage war. On July 5, the summit of the Shanghai Cooperation Organization (SCO), which brings together China, Russia, Uzbekistan, Krygyzia, Kazakhstan, and Tajikistan plus new members India, Pakistan, and Iran, issued a call for the United States to vacate the bases seized in the autumn of 2001 under the cover of the 9/11 emergency and the looming invasion of Afghanistan. The parties to this call represent about half of the world’s population. This demand was immediately rejected by the State Department, but veteran Russian Eurasian expert Yevgeny Primakov crowed that for the first time a formula had been agreed to by which the US would be ejected from this region. The US presence goes back to the Bush-Putin emergency hotwire talks of September 11, 2001, when Putin, seeing that the madmen had seized control in Washington, dropped Russian objections to a US intrusion into the former Soviet republics of central Asia. The US-UK can attack Iran from Iraq in the west, from Afghanistan in the east, and from Qatar in the south, but without the Uzbek and Kyrgyz bases, the Anglo-American ability to attack from the north as well will be severely limited. The SCO states are also concerned about US-backed “color revolutions” on the recent Georgian and Ukrainian models, traditionally known as CIA “people power” revolutions, being used to destabilize their governments. To make matters worse for Washington and London, Kazakhstan is a few months away from opening an oil pipeline to China, which will diminish the US-UK ability to use their Gulf presence to blackmail Beijing. Washington and London are also dismayed by the pro-Iranian overtures in various fields being made by their Shiite puppets in Baghdad.
And what of the report in the Washington Post of July 11, which claims that US and UK planners are now contemplating a sharp reduction in the US forces in Iraq? The most plausible explanation is that this is pure disinformation, similar to news blips issued by both Hitler and Stalin in May and June of 1941. It should also be noted that the British plan explicitly provides for most of the forces now at Basra to go to Afghanistan, where they would be positioned for operations against Iran, or into central Asia.
Generally, the invisible government appears dismayed by its loss of momentum and the constant erosion of the political position of its asset, Bush. 110,000 US factory workers lost their jobs in June, the worst total in a year and a half: auto and textiles are collapsing. The housing bubble may also be nearing its end, with the bankruptcy of Fannie Mae on the near-term agenda. World derivatives have officially reached $300 trillion, with JP Morgan Chase holding the largest single portfolio. The one virtuoso performance of July 7 was that of the Federal Reserve, Bank of England, and European Central Bank, which flooded equity and capital markets with liquidity through such vehicles as the Plunge Protection Team (PPT), turning a big Wall Street loss into a small gain.
During the recent Reopen 9/11 tour of 8 European cities, Jimmy Walter repeatedly forecast that the general predicament of the Bush regime and the US financier faction would lead to another large-scale terror attack before the end of 2005; this has now occurred, and there is no end in sight. The tide of US public opinion has now definitively turned against the Iraq war and to some degree against Bush, as all major polls demonstrate. Notable is the 42% affirmative response to the Zogby International question as to whether, if it could be proved that Bush lied to launch the Iraq war, he should be impeached. Larry Franklin of the Wolfowitz-Feith neocon apparatus has been indicted for divulging US secrets, and the American-Israeli Public Affairs Council has been raided twice; further indictments are expected. Karl Rove has now been revealed as the source of the Valerie Plame leak, making Rove and perhaps other White House officials fair game for federal indictment. The Niger yellowcake forgeries and the Chalabi state secrets cases are still pending – to say nothing of two stolen elections and the 9/11 Septembergate itself. All these factors incline the rogue network to seek an improvement in their situation through a flight forward to a wider war in Iran. Those who stand to lose most by such an Iranian adventure must now mobilize to make Mr. Bush’s second term as eventful as Nixon’s second term turned out to be in 1974.
http://www.cloakanddagger.de/media/Tarpley/THE%20LONDON%20EXPLOSIONS.htm
Rogue
Hehehe.....It wouldn't surprse me to see the real estate bubble burst and then see another bubble begin elsewhere.
Cisco Systems back to $85 a share??? LOL!
My money is betting on things like oil and gold.
The declining purchasing power of the US dollar is a "Megatrend" that I can't see changing at the moment.
Rogue
Regarding "1000 points of light".....You were probably very young and don't remember that "esoteric" term bandied about by Pappy Bush "back in the day".
Never quite understood it until I saw a speech dug up from the past from Pappy Bush from September 11, 1991. It is mind-boggling how many times he talks of this VISIONARY "New World Order" and "a thousand points of light" in the speech.
Fast forward 10 years ....we have the biggest historically incisive event since Pearl Harbor in New York City as the Twin Towers are destroyed.
A year later on Sep. 11 2002, 1000 huge spotlights re-create the destroyed Twin Towers as a memorial (check into Masonic lore about the rebuilding of the towers).
Who benefits the most from the "terrorist event"???
BILLIONS and BILLIONS now go into "national security". CIA benefits hugely /Department of Homeland Security and all sorts of Orwellian police state crap with several hundred billion dollar annual budgets.
Now I was intrigued enough to look a little further into the "1000 points of light" thing and find out that JFK made a speech a few days before he was assassinated where he says.......
"I'm going to smash the CIA into a thousand little pieces".
Well they sure showed Kennedy who was in charge. Kennedy also wanted sound currency. They would have nothing of that. They WANT this(our financial system) to come apart at some time. When THEY are ready ....IT WILL HAPPEN!
There is an audio clip of this you can hear somewhere on the net. Kennedy was going to install his younger brother Bobby into the position of CIA director. Well .....it never happened and the rest is history. We've been taken down an entirely different path.
I think the whole "thousand points of light" phrase was just a code word for those in power to assert their "victory" over freedom and an assertion that their vision and agenda of this "New World Order" would not be stopped by ANYONE....PERIOD.
JMHO.
Rogue
Traders puzzled by eery "911" closing of S&P futures
http://www.rense.com/general29/9111.htm
CHICAGO - In an ironic twist, the September Standard & Poor's 500 futures contract closed Tuesday at 911.00 — a day before the one-year anniversary of the terrorist attacks.
There was some buzz on the Chicago Mercantile Exchange stock index futures trading floor Wednesday about why that happened, but there were no reports of collusion or price-fixing.
"It was bizarre, it was strange, but it wasn't manufactured," said Richard Canlione, vice president of institutional financial futures at Salomon Smith Barney. "It was just the rules of coincidence ... That's just where the market was."
"It just proves the market God was with us, remembering the day, too," said one CME trader.
The start of trading was delayed Wednesday in honor of those killed in the attacks.
Market players noted prices were already moving higher throughout Tuesday after two prior up days, so it wasn't as if an abrupt change in direction took place to achieve the numerical equivalent of Sept. 11.
Some thought perhaps suspicious activity could have taken place, but most brushed it off as a "patriotic rally" and didn't see the harm in it.
"I'm always kinda paranoid, and I find the fact that we settled there kind of eerie, but I don't think we should dwell on it or read too much into it," said Tim Haefke, a stock index futures trader and president of Top-Notch Trading.
The futures contract is an obligation to buy or sell a basket of stocks composing the Standard & Poor's stock index at a set date for a fixed price.
(EDITORS: Kristina Zurla is a correspondent for Dow Jones Newswires)
Rogue comment....There is much "manipulation" in human history. Our economy is "manipulated" by the Federal Reserve. When it is time to bring this economy down....it WILL happen. It is destined.....and a part of their "Grand Vision".
Rogue
Lentinman....I'd like to see you back up your S&P 500 futures closing prices for 9/11/2002 with a link or something.
Rogue
Regarding "1000 points of light".....You were probably very young and don't remember that "esoteric" term bandied about by Pappy Bush "back in the day".
Never quite understood it until I saw a speech dug up from the past from Pappy Bush from September 11, 1991. It is mind-boggling how many times he talks of this VISIONARY "New World Order" and "a thousand points of light" in the speech.
Fast forward 10 years ....we have the biggest historically incisive event since Pearl Harbor in New York City as the Twin Towers are destroyed.
A year later on Sep. 11 2002, 1000 huge spotlights re-create the destroyed Twin Towers as a memorial (check into Masonic lore about the rebuilding of the towers).
Who benefits the most from the "terrorist event"???
BILLIONS and BILLIONS now go into "national security". CIA benefits hugely /Department of Homeland Security and all sorts of Orwellian police state crap with several hundred billion dollar annual budgets.
Now I was intrigued enough to look a little further into the "1000 points of light" thing and find out that JFK made a speech a few days before he was assassinated where he says.......
"I'm going to smash the CIA into a thousand little pieces".
Well they sure showed Kennedy who was in charge. Kennedy also wanted sound currency. They would have nothing of that. They WANT this(our financial system) to come apart at some time. When THEY are ready ....IT WILL HAPPEN!
There is an audio clip of this you can hear somewhere on the net. Kennedy was going to install his younger brother Bobby into the position of CIA director. Well .....it never happened and the rest is history. We've been taken down an entirely different path.
I think the whole "thousand points of light" phrase was just a code word for those in power to assert their "victory" over freedom and an assertion that their vision and agenda of this "New World Order" would not be stopped by ANYONE....PERIOD.
JMHO.
Rogue
I shouted out ....."Who killed the Kennedy's??"
Please allow me to introduce myself
I’m a man of wealth and taste
I’ve been around for a long, long year
Stole many a man’s soul and faith
And I was ’round when jesus christ
Had his moment of doubt and pain
Made damn sure that pilate
Washed his hands and sealed his fate
Pleased to meet you
Hope you guess my name
But what’s puzzling you
Is the nature of my game
I stuck around st. petersburg
When I saw it was a time for a change
Killed the czar and his ministers
Anastasia screamed in vain
I rode a tank
Held a general’s rank
When the blitzkrieg raged
And the bodies stank
Pleased to meet you
Hope you guess my name, oh yeah
Ah, what’s puzzling you
Is the nature of my game, oh yeah
I watched with glee
While your kings and queens
Fought for ten decades
For the gods they made
I shouted out,
Who killed the kennedys?
When after all
It was you and me
Let me please introduce myself
I’m a man of wealth and taste
And I laid traps for troubadours
Who get killed before they reached bombay
Pleased to meet you
Hope you guessed my name, oh yeah
But what’s puzzling you
Is the nature of my game, oh yeah, get down, baby
Pleased to meet you
Hope you guessed my name, oh yeah
But what’s confusing you
Is just the nature of my game
Just as every cop is a criminal
And all the sinners saints
As heads is tails
Just call me lucifer
’cause I’m in need of some restraint
So if you meet me
Have some courtesy
Have some sympathy, and some taste
Use all your well-learned politesse
Or I’ll lay your soul to waste, um yeah
Pleased to meet you
Hope you guessed my name, um yeah
But what’s puzzling you
Is the nature of my game, um mean it, get down
Woo, who
Oh yeah, get on down
Oh yeah
Oh yeah!
Tell me baby, what’s my name
Tell me honey, can ya guess my name
Tell me baby, what’s my name
I tell you one time, you’re to blame
Ooo, who
Ooo, who
Ooo, who
Ooo, who, who
Ooo, who, who
Ooo, who, who
Ooo, who, who
Oh, yeah
What’s me name
Tell me, baby, what’s my name
Tell me, sweetie, what’s my name
Ooo, who, who
Ooo, who, who
Ooo, who, who
Ooo, who, who
Ooo, who, who
Ooo, who, who
Ooo, who, who
Oh, yeah
http://en.wikipedia.org/wiki/Kennedy_assassination_theories
http://www.daywilliams.com/63jfk.html
Rogue
Here's the Daily Pfennig quoting the economist Nouriel Roubini on the likelihood of a dollar plummet in the fall. <<"The U.S. dollar has been strengthening this year based on rising U.S. short term interest rates
and relative growth rates of the U.S. compared to Europe and Japan. But this recent strength of the U.S. dollar - as well as low long term interest rates in the U.S. - will increase the U.S. current account deficit rather than shrink it as it would be needed to reduce global imbalances. So, the global current account imbalances will become worse and, on top of it, the balance sheet losses of U.S. residents on their foreign assets will be large and leading to a ballooning of the U.S. net foreign liabilities by the end of 2005. Once the scale of the potential current account and net foreign debt increase of the U.S. sink in the markets you can expect the dollar to start falling again. With such a large and growing current account deficit and increase in net foreign liabilities the dollar can head only in one direction: south!
The same pattern occurred in 2004 when the US dollar held up until the summer and started sinking again when the awareness of the staggering scale of the U.S. external balance started to sink in the mind of investors. And once China moves its currency some time in the fall, a snowball effect on the dollar can be expected: other Asian currencies that were effectively fixed via forex intervention (as long as the Chinese peg held) will also be allowed to appreciate once China moves. Then, the U.S. dollar weakening will be exacerbated as, on top of reduced central banks intervention in Asia, private Asian investors who invested in U.S. dollar assets - based on positive carry trades and low risk of capital losses from movements of their pegged currencies - will also have a huge incentive to dump dollar assets to avoid such capital losses."
Rogue
It just "HAPPENED" that on the 1 year anniversary of "911" that the S&P 500 futures closed at 911?
And it just "HAPPENED" that the New York State Lottery "pick 3" number on the one year anniversary of "911"(Sep, 11 2002) was 911.
And that's perfectly normal in "statistics land"????
PURE LUCK and coincidence I'm sure!!!!!!!
Rogue
Bobwins....Any opinion on NELSON RESOURCES (NLG.T)???
They've apparently got some large reserves.
Rogue
Lentinman....you're a statistician. What are the chances of that happening???
You think that's "normal"????????
FA....did you catch the part about the "1000 points of light" in my message?
I never really understood what the hell "Pappy" Senior Bush was talking about back in the day. I did some research and I now think I "get it". It even relates back to JFK's assassination.
The "unwashed,un-intellected sheeple" are tottally "in the dark" on that.
Rogue
Regarding.....***REVELATIONS OF OUR TIMES... CONSPRIRACY OR COINCIDENCE?***
911 (World Trade Centers, New York City, USA)
+
311 (Trains in Madrid, Spain)
+
707 (Bombs in London, England)
=
1929
Are you also aware that on the one year anniversary of the World Trade Center Tragedy (Sept.11 2002) the S&P 500 futures closed at 911....!!!!
Also the New York pick three lotto number was 911...!!!!
Have you ever listened to the speach "Pappy" Bush gave on Sept. 11, 1991??? It's VERY VERY creepy. "New World Order"....."thousand points of light".....
Oh yeah.....on the one year anniversary in NYC they had 1000 spotlights "simulating and re-creating" the downed twin trade center towers at the site. Wierd and creepy taken in context of some things.
Rogue
US dollar rally.....I'm in agreement it's just a bear market rally. We'll probably see an end to the dollar rally this year(duh..LOL!) and then I expect a nice move in Gold to begin in earnest.
Might see $500 gold later this year and much higher next year.
I'm playing gold and silver futures but am watching and looking for good stock plays in the metals.
Rogue
IHUB is acting more like RagingBull all the time. It's taking lot's more time to read through my favorite boards....sometimes I just give up insted of waiting and waiting!
IHUB USED to be lightning fast and reliable.
Why the degradation more recently?
Rogue
Ameritrade Izone.....Who do you speak with in regard to requesting $2 dollar trades?
Email them or call them??
Rogue
NASDAQ...they just may begin the whole "Google-ization" of NASDAQ again??
I'm open to low P/e Tech stocks that have growth potential...just will absolutely not overpay for them.
The fundamentals behind a move up in gold are just so strong.....it will move up hard some day and have it's own "Bubble" soon. Old pro Richard Russel(top /Hulbert ranked Dow Theory Letters) believes that gold and the Dow Industrial Average will reach parity in the future!!!
Gold is just plain undervalued.
As soon as my boat is loaded with a few good junior golds I'll bring them up to the board. They are very hard to find(nearly impossible) with earnings though. But that would not stop ten-bagger or more moves in them if the price of Gold "breaks loose".
I hope to get input from others also on their favorite gold plays??? It's possible that Gold moves to $500 this year and if I've picked the wrong golds??
There WILL BE BIG BIG-movers in the sector IMHO though!
I have been trading Gold futures for the past few years fairly regularly....and hope to do very,very well this year with them!
Rogue
otcbargains.....I've been investing/trading since I was 18. I'm now 41. I've fought many investment battles in all sorts of financial markets(spent 10 years in the bond pits of the CBOT) and consider myself an old pro.
I seek the truth and think for myself.
I wish I can be optimistic about the fate of our financial system in the United States. I've asked you to give me reasons to be optimistic about the fate of our US dollar.....you haven't given me any!!
I'm open-minded and if you see differently please try to convince me logically.....none of that sugar-coated rhetoric please!
You sound like Rush Limbaugh or Larry Kudlow....those high salaried shills when you do that.
I'm comfortable to be in the company of stalwarts like Warren Buffet and Paul Volckler who see trouble ahead for the US dollar.
I bet gold approaches $500 per ounce by Dec.31 2005. You want to give me your guess?
I remain.....
Rogue
"Tech will rock"...??? Are you talking as a trader or investor?
Please! Please! Enlighten me and Warren Buffet!
LOL!!!!
Rogue
I will add though that I bought Intel in the early 1990's when the P/E was dirt cheap(7 I beleive) and the US was still an "unsaturated" PC market with huge growth ahead of it!
Made a nice bundle on that one but unloaded a bit early in 1998 when thing's were getting quite ridiculous P/E wise.
Still haven't seen any real bargains in technology.
Rogue
Funny how me and Buffet never really understood the investment appeal of Technology????
I'm comfortable with Buffet's company on this one.....but bring'em on, I'll listen.
They deserve no more of a P/E ratio premiun than the cyclical companies for various reasons.
Rogue
You'll buy tech???...LOL!!
You just "keep believing" in yesterday's bubble(Technology).
I'm not looking in the rear-view mirror....I'm forward-looking and usually "early'.
Give me a list of reasons that you think the US dollar will flourish? I'm with Buffet on this one!
Rogue
The next hot sector??.......I truly believe Gold is going to start a huge move up in the next weeks/months to over $500 possibly this year......and I won't even guess how high it will go in the next few years. Probably at least above $1000 US dollars.
It's a "mega-trend" that I believe cannot be "contained".
I'd advise all diligent value-microcappers to start "sharpening their pencils" in the Gold sector.....especially beaten up juniors. We may see lot's of 10 and 100 "baggers" in that area going forward.
JMHO.
Rogue
OIL sector....there is real fundamental "value" there. Even if oil prices retreat for the rest of the year the fundamentals and "values" are compelling in the sector. You can get your timing wrong here and still have the "big picture" bail you out.
It seems like good "defense" to play the oil sector. It makes alot of investment sense to me as far as the "big picture" is concerned.
Keep digging up those OIL/GAS picks Bobwins....I appreciate them.
Rogue
ABRX.....OUCH!! Wow, I feel for those who picked this one. It'll probably declare bankruptcy and trade for pennies in the pinksheets before it's all over.
Might be a huge gainer someday from it's ultimate low. Way too early for my interest but still following the story.
Rogue
FA...I had myself intended to pick GULF,or as it has now changed to CXPI (CRIMSON EXPLORATION) before I even saw your pick.
I myself didn't want copycats so I waited till the last moments to post my picks.
I wasn't all that surprised to see you pick CXPI though. We seem to have some similar viewpoints in markets/life.
Good luck!
Rogue