Wednesday, January 28, 2009

World Trade Drops 45% in 3 Months

We haven't even seen the beginning of this Depression. Don't let ANYONE fool you into thinking we are almost out of the woods or "just give it till Q4 09". These are pure lies and anyone who spews them forth should lose credibility.

World Trade Drops 45% in 3 Months

Monday, January 19, 2009

For Safety's Sake

With the political climate being what it is, I have decided to start 2 new blogs, one a wordpress blog, which is probably no safer than Blogger. The other is on Baywords which I feel is about as safe as I know how to get, even though it lacks some functionality.

These aren't new blogs but backups of this one. I did this incase Blogger cuts me off (which they have a reputation of doing), then I could take up residency on Baywords or Wordpress and probably not lose countless hours of research.

If this blog ever gets shut down you can find me at one or both of the following sites.

Sunday, January 11, 2009

The Truth About Israel and Palestine

Live Gaza Camera Via Truth In Our Time

Live Gaza Cam

Schiff Vs. Paulson

Government bureaucrats and especially Jewish International Bankers should never be trusted under any circumstances, they have everything to gain by lying to you the public and do it on a regular basis. One thing that is crucial for you to understand is that we the people have been lied to continuously for the last 100 years about the Federal Reserve, the New Deal, WWII, Vietnam, The Cold War, Iraq, the current economic depression etc. It is literally one lie after the other with these people all in an attempt to keep you barking up the wrong tree.

In this 5 minute film Peter Schiff's quotes are compared to Henry Paulsons for almost the past decade regarding our economy. Peter Schiff is spot on and Paulson is dead wrong in every single quote. Do not trust the government!

Friday, January 9, 2009

You Think Israel is "Defending" Itself? Think Again!

I don't know what is more sad, the innocent people being butchered in Gaza or the fact that the Jew controlled Main Stream Media tries to act like Israel is "defending" itself.

Here is an article that lays it our there pretty w

You think I am exaggerating for effect? Here is proof otherwise. Now remind me again who are the terrorists of the middle east?
The mother has been wounded by the IDF, she clings to her son in her last moments on earth.

She tells her son she is dying but he is in agony and disbelief.

His mother dies and he is swallowed by anguish.

So in the end who is to blame when this child takes up arms against Israel?

Obama Citizenship Commerical

Not only have courts throughout the USA aided and abetted the usurpation of the Presidency by refusing to hear cases challenging the citizenship of Barack Obama, now, major media is doing the same thing.

National TV networks that refused to sell time for a 60-second commercial included CNBC , MSNBC, Headline News, CNN and Fox. Washington, D.C., local stations for the same organizations also refused.

In my opinion, the networks and courts are together engaged in what might be viewed as an ongoing criminal conspiracy to aid and abet an ineligible person in becoming President of the USA.

This is the commercial the media doesn't want to air.

Tuesday, January 6, 2009

Will There Be A Recovery?

By Paul Craig Roberts

January 05, 2009 "Information Clearinghouse" -- Economists will scoff at the question in the title. But that’s because they are trying to fit the present into the past.

In the past recoveries were routine, because recessions were temporary restraints resulting from the Federal Reserve putting the brakes on an overheating economy. By restraining the supply of money and credit, the Fed caused inventory buildup, layoffs, and a halt to price rises and union wage demands. With the economy cooled by unemployment, the Fed would take off the brakes. Interest rates would decline, money would flow, consumer demand would rise and workers would be called back to the factories.

In those days when workers borrowed to spend, they were borrowing against rising real wages from rising productivity. In economic downturns, few workers actually lost their jobs. They were laid off from their jobs for temporary periods. Workers seldom lost their homes or cars, thanks to union funds and unemployment benefits.

Today the situation is different. In the 21st century real wages have not risen. Workers have spent more by accepting deteriorating household balance sheets. They have maxed out their credit cards and spent the equity in their homes. Imitators of the US government, American consumers borrow to pay their bills.

The expansion of household debt relative to income created the illusion that the economy was sound. But the consumer economy was as much of a credit-based bubble as the real estate bubble and the financial sector bubble. The economy has lost its real basis.

Today it is difficult to stimulate consumer demand by lowering interest rates. Consumers are too heavily in debt to borrow any more. Financial institutions are too impaired to want to lend to anyone except those who don’t need to borrow. As the Keynesian macroeconomists used to say, “you can lead a horse to water, but you can’t make him drink.”

And there’s another problem. Much of what American consumers purchase today is made offshore. Stimulating consumer demand in America puts factories back to work, but those factories are located elsewhere in the world.

How does an economy consume more than it produces? Previously, this question applied only to poor third world countries. These countries would consume by the grace of World Bank loans. From time to time they would pay for their consumption by being put through an IMF restructuring program that would curtail their consumption to make them repay their loans by forced saving.

The United States has so far avoided such humiliation, because its currency is the world money. The US has been able to borrow endlessly, because it can pay its debts in its own currency.

This ability might be coming to an end. The US has been using up the bulk of the world’s supply of saving for years in order to finance its consumption. Considering the outlook for the US economy and dollar, the productive nations of the world and those with oil have more dollars and dollar-denominated assets than they want. The US, with its collapsing economy, its bailouts of financial institutions, and its wars, is facing the largest government budget deficit in its history, both in absolute amount and as a percentage of national income. The easy monetary policy, which the Fed hopes will arrest deflation, threatens inflation and further deterioration in the dollar. Foreigners simply do not want to lend more large sums to a country that, from all appearances, has no way to close its trade and budget deficits. They certainly do not want to lend when the interest rate offered is close to zero and the reserve currency status of the dollar is in doubt.

Economists and the policy-makers they advise are thinking in the past, a time when low interest rates stimulated consumer and investment demand, thus lifting the economy. Today the low interest rates threaten the dollar, discourage foreigners from lending more to the US, and deprive Americans of interest income necessary to their ability to pay their bills.

In the second half of the 20th century, American economic supremacy was a gift of World War II, which destroyed the productive capacity of the rest of the developed world. American economic supremacy also owes much to communism in Russia and China and to socialism in India, which rendered these large countries economically impotent. The United States did not have to compete for its economic hegemony. It simply inherited it from the choices made by the rest of the world.

The situation is different today. Unlike the US, other countries are free of the hubris of being the “indispensable nation.” They know how hard it is to be successful and do not treat success as their birthright. They do not give away their economy for nebulous foreign policy goals or for short-term profits. They look ahead 20, 30 years while America’s CEOs look to the next quarter’s profits.

The United States is walking on quicksand. It is dependent on foreigners for the funding to conduct the day-to-day operations of its government. Its economy is a hollow shell reduced to dependence on a financial sector that is discredited worldwide. America’s government believes that its foreign wars of aggression are more important than any domestic needs, including the health care of its population.

Now that its supply route to feed its war of aggression in Afghanistan is threatened, the American government has the delusion that it will be able to supply its army in Afghanistan through thousands of miles of Eastern Europe, Russia, and Central Asia. Only a government totally oblivious to reality would imagine that Russia’s Putin, whose nose is rubbed in excrement every day by the US government, will permit America to transit Russian territory to resupply US imperial legions in Afghanistan.

What we are witnessing is a once great power engaging in fantasy to disguise from itself that it is a failed state.

Sunday, January 4, 2009

The Uh Barack Obama "Uh" Count

I believe he pauses so that he has time to listen to his masters in his ear piece.