I finally got around to launching the new web site. I paid over $150 a year for Typepad service. And like typical modern business people, they decided to irritate me to death for this. I had to periodically remind them that I was one of their elite customers who pays, not gets a free ride. But they didn’t seem to get the message. So off I go, yet again.
November 04, 2008
Ending Free Trade Vital For US Survival As Nation
November 03, 2008
Living Inside The Economic Volcano With Angry Gods
November 02, 2008
Fed Reserve Built America Into Giant Debtor's Prison
October 31, 2008
More Naked Short Selling Gnomes And The DTCC
Halloween is here and the trickery and treatery treachery continues to cause market turmoil. That is, AIG's business with feeding and playing with the Derivatives Beast is now unwinding in the typical way such deals end: the monster eats its master. Right now, it is eating up $144 billion of US taxpayer funds. Also, the DTCC is in the news again because of its own relationship with this same fearful monster, the Derivatives Beast. And the Japanese savers are now being eaten by this same critter! Who would have guessed? And commodity inflation is again, taking off as Japan drops its interest rate to 0.3% and the US to 1%. Who would have guessed again? HAHAHA.
Typepad's Service SUCKS
Normally, I listen to operas while merrily writing away. All is serene. I even laugh.
Now, I literally gnash my teeth. Good riddance, Typepad.
October 30, 2008
The True Nature of Banking Is NOT Lending
October 29, 2008
0% Global Interest Rates Totally Destroys Banking
World stock markets are shooting up like a rocket based on the perception that the G7 central bankers and politicians will restart the destructive status quo that involves the US allowing the flood of exports to enter our country and devastate our industrial base. Great news, eh? All this will be fed by an orgy of 0% financing. Sounds like all those auto commercials. As we watch the entire concept of banking go into this moral collapse, it pays to look closely at the deals we are accepting here. Just like those auto loans at a fake 0% interest rate: read the fine print and see the truth.
October 28, 2008
G7 Gigantic Rescue Operation Now Underway
October 27, 2008
Carry Me Home, Sweet Japanese Bankers!
The utter insanity and panic over the fact that the Japanese Carry Trade has died is obvious. Unlike last year, when everyone was so pious about how Japan was in this terrible depression while inflation raged in the streets of Tokyo, the G7 nations hammered China nonstop about raising the value of the yuan. But not a peep about the very weak yen which was dropping against all currencies except Zimbabwe! Well, now that the carry trade has violently unwound, the G7 is demanding it back! They need it for LIQUIDITY. Just as I stated several years ago! And I was right! Wow! Give me the Nobel Prize for Economics!
History of Chinese Trade and Money
During the last few weeks, I have read many commentaries trying to explain the current mess that world trade is in today. Virtually no one seems to understand the trap we are in is due to trade imbalance, not banking difficulties. The banking problems grew out of the trade problems. And worse, the trade problems grew out of the difficulties of the US empire funding its military arm via debt, not taxes. Also, I wish to talk about the history of China's money. For China was the inventor or leader in the use of currencies, paper fiat money and global trade relative values. It is also a tragic history which is even more important.
October 25, 2008
Synthetic CDOs Slit Many Banking Throats
Nothing New Under The Depression Sun
October 24, 2008
Yen Rose Last Night To 90 To The Dollar!
Happy Birthday to my loving husband day! It is colder outside, Libra is finished and now we enter Scorpio, the constellation of the Goddess of Death. The Derivatives Beast continues to munch away, unstoppable. AIG is demanding more loot because it is a bottomless pit. The übergnome of the planet, Greenspan, admits that he may have had a tiny flaw in his economics plans! HAHAHA. But the real heavy news of the hour is the amazing skyrocketing value of the YEN! It is shooting upwards at an astonishing rate. The Japanese are beyond hysterical about this. They see their doom for it is killing the export trade golden goose!
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October 23, 2008
The Yen Continues To Rise, The Carry Trade Is Dead
The yen continues to rise against both the dollar and the euro. The entire universe of the FX trade complex is in a roaring collapse as the old status quo of the Japanese carry trade violently unwinds. This is exposing all the hedge schemes and other monetary games to greatest destruction which is why world markets are reeling. The fundamental basis for all global lending has been the Japanese carry trade. 'Restarting liquidity' has required greatest efforts on the part of all central banks working with governments basically de-privatizing all banking systems WHILE STILL LEAVING ALL THE ORIGINAL GNOMES IN CHARGE OF EVERYTHING. This, of course, is dangerous and stupid.
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October 22, 2008
End The Fed Demonstrations November 22
The confiscations of systems and wealth generating locations is beginning. The US has opened yet another window into the awful nothingness of the Cave of Wealth and Death. The 'rescue' amounts are now well over $2 trillion and rising weekly. The 90% losses from Lehman's collapse in the CDO markets is still not being acknowledged nor examined realistically. Bush promises MORE 'free trade' as he and other rulers push yet again for more of the Doha Round process to finish its job of killing the US industrial base. All the taps are wide open and all of this future wealth is vanishing today. Hedge funds are failing fast due to not being hedges at all but scams. The global trade collapse is confusing many mainstream commentators who would love to think that all is basically well, this is just some sort of odd glitch. It is not.
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October 21, 2008
Joe the Poor Plumber And The Bank Rescues That Kill Him
Last year exactly, the G7 nations were all fighting with the US to get the dollar stronger. This was their first reaction to the banking crisis that began on 7/17/7. Today, they are grimly settling in with a very fragile return to the status quo which was lost back then. So stocks go up, of course. AIG is now running in circles trying to avoid being arrested for fraud, grand larceny and treason. Send them to China to be punished! And dear readers, those of you who hate socialism, read today's posting very carefully. The Rich LOVE socialism for themselves and intend to make you all pay for all this AIG-style socialism while you get nothing in return except a lifetime of debt. This is called 'peonage' or 'serfdom', not freedom.
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October 20, 2008
Socialism Is Good For Workers
As the US tumbles into a bad, bad recession, we are having an election. And there is virtually no discussion about what is really wrong. Indeed, the main focus in this election isn't war or our trade deficit or yawning budget deficit, it is nearly all about race. To the fury of many who want otherwise. But then, from day one in the US, it has been all about race and slavery which were embedded within our Constitution and excised very painfully and often, extremely violently. I will discuss this history later. First, the economic news. After central banks nationalized the G7 banking systems, they managed to sort of restart the old status quo. This is bad.
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October 19, 2008
Beautiful Fall Foliage Photos From Our Mountain
We live on this little mountain in Upstate New York. New England has been famous for centuries for the spectacular fall foliage color display. Due to the mix of trees, we get a month-long series of colorful contrasts and changes. Coupled with changes in the weather, when the sun shines or the clouds move over this amazing landscape, everything changes radically. It is a never-ending wonder to watch each hour of each day go by, contemplating the contours of these mountains under constantly changing conditions.
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Some Fun Poems From Readers
Some readers have sent me a series of really nice poems so I hope everyone isn't too unhappy with comments or cartoons I publish here and instead, enjoy some sarcastic or lovely poems. I do hope everyone realizes that I enjoy debates here and welcome any and all comments. I don't get mad if people have other opinions, far from it! In diversity lies knowledge! The act of debating things leads to understanding. And the value of poetry is, it transcends all of this for it is a love of language and all debates are improved by using language playfully and spiritually as well as mockingly. I want to thank everyone for sending these poems!
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