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By Admin, November 23, 2009 8:18 pm

Climate Change ConferenceThere is a UN “climate change conference” in Copenhagen December 7-18. I have for the most part never taken any interest in “green” and “climate change”; mostly because all of their data is bias, lies, one-sided and at best lacking any substantive credibility. Most of the “green” and “climate change” experts have one dominating purpose in their agenda and that is the erosion of our individual rights and the distribution of wealth. What I’m really looking for at this conference is “key words” that have little or nothing to do with climate change. These people are so arrogant they no longer hide their intentions. Look for one “word” that should send chills down our spine. The word is “Government”. This group at this conference has reached a point of arrogance that they honestly believe that a mere 16% of society can rule the day. Why is the word Government so important; because it should be “Governments”.  Remember that the conference doesn’t have to produce any real results on the purpose of climate change as long as they make headway on wealth distribution and the loss of individual rights.

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By Admin,

Now and then//1929, 2009//the coming Depression. Part XTraditional economic theory tells us that the money supply may be used to stimulate an economy and obviously this Congress and Administration not only believes that but strongly support it to levels that they themselves would never agree to if the Conservatives were in power. I’m talking about this Administration pumping more than one Trillion dollars into the economy since taking office eleven months ago; this does not include the hundreds of Billions for bailouts and government takeover of the auto industry. As of lately Obama’s team has told us that these trillions have been a success, not so much evidenced by tangible results but rather by preventing matters to get worse; I guess we’ll never know if things would have been worse but what we do know  is that are no actual positive results from the government spending.  The federal balance sheet is about 137% over what it was at the end of 2008. Yes, Obama took the deficit from 928 billion to about two trillion in only eleven months. Economic common theory dictates that we should be approaching hyperinflation but that is not the case; in fact we have been deflationary since April of this year. I have stated various reasons for this throughout this series and will not repeat them here at this time. Suffice it to say at this time that wages and wage inflation are lower than should be expected if the economy was healing due to the stimulus trillions. The signs this administration points to as evidence that the economy is on a slow rebound and that the Recession is near its end are false and nothing in the economy with any substance supports the “end of the recession”. Any indication of earnings growth is due to expense reduction instead of sales growth. Prior to the financial meltdown job growth averaged about 1% over the last three years whereas now it’s falling by over 4%. At the time of this financial meltdown, Washington told us they had to do something or the “sky would fall”, it was the end of the world as we knew it and they had to do whatever it took to save capitalism; I have to ask in all honesty, who do you think is and has been in charge of solving this “global financial disaster”, the very people and institutions that got us into this mess. When government, business and Wall Street got in bed together last fall, it was the end of the “real economy” as we entered into a “government controlled” paper economy dominated by money that does exist as GDP. In all reality the economic “boom” (growth) of 2001-2007 was partially “paper economy”, it was false growth which infused itself into our GDP but it was “counterfeit”. It was based on debt spending and not on “real” purchasing power. As the “sub-prime” debt began to unravel our elected officials should have been able to see the real problem as debt, but instead of reigning in the debt Washington started spending and has not stopped for the last 18 months. The average high school dropout knows that you cannot spend yourself out of debt. I have been saying since May of this year that we are heading towards a “Depression” and I continue to stand behind those beliefs. All of the positive indicators concerning the economy are false (not lies, just false) because they are generated and driven by the paper economy and are not supported by jobs and GDP. Just today President Obama stated that the economy is starting to grow and the recession is just about over. Consider this: after nine months of a very positive DOW and Wall Street numbers, some positive comments from some businesses and a White House speaking positively of the economic health; people start to think that the recession is coming to an end, that very thought begins to renew confidence and some people start spending again which of course generates visible signs of recovery. The accepted understanding is that recessions last about two years, so it’s easy to accept that the recession is over and recovery is ahead. The only recovery at hand is in our heads, until the government gets out of the market place, the economy cannot and will not rebound. The beginning of the 20’s were recessionary/mild depression but only lasted about four years, there was no government intervention in the economy; interest rates were cut and the top tax rate of 70% was cut to 24% in three years which result in the “roaring twenties”. Those “roaring twenties” were very much like our economic boom of 2001-2007, extreme spending on debt; the result was the “Great Depression” which lasted over ten years. It lasted that long because of extreme government intervention in the economy and social fabric of society with its many entitlement programs. The recession may in fact be nearing its end but not to the tune of a recovery. I’ll say it again; there is nothing in the economy with any substance which would point to anything but a “depression” ahead.

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By Admin,

Freedom isn’t FREE!   A lesson that should be taught in all schools . . And colleges.

Back in September of 2005, on the first day of school, Martha Cothren, a

social studies school teacher at Robinson High School in Little Rock ,

did something not to be forgotten. On the first day of school, with the

permission of the school superintendent, the principal and the building

supervisor, she removed all of the desks out of her classroom.

When the first period kids entered the room they discovered that there were

no desks.  ‘Ms. Cothren, where’re our desks?’

She replied, ‘You can’t have a desk until you tell me how you earn the right

to sit at a desk.’  They thought, ‘Well, maybe it’s our grades.’

‘No,’ she said.  ‘Maybe it’s our behavior.’

She told them, ‘No, it’s not even your behavior.’

And so, they came and went, the first period, second period, third period.

Still no desks in the classroom.

By early afternoon television news crews had started gathering in

Ms.Cothren’s classroom to report about this crazy teacher who had taken all

the desks out of her room.

The final period of the day came and as the puzzled students found seats on

the floor of the deskless classroom, Martha Cothren said, ‘Throughout the

day no one has been able to tell me just what he/she has done to earn the

right to sit at the desks that are ordinarily found in this classroom. Now I

am going to tell you.’

At this point, Martha Cothren went over to the door of her classroom and

opened  it.

Twenty-seven (27) U.S. Veterans, all in uniforms, walked into that

classroom, each one carrying a school desk. The Vets began placing the

school desks in rows, and then they would walk over and stand alongside the

wall. By the time the last soldier had set the final desk in place those

kids started to understand, perhaps for the first time in their lives, just

how the right to sit at those desks had been earned..

Martha said, ‘You didn’t earn the right to sit at these desks. These heroes

did it for you. They placed the desks here for you. Now, it’s up to you to

sit in them. It is your responsibility to learn, to be good students, to be

good citizens. They paid the price so that you could have the freedom to get

an education. Don’t ever forget it.’

By the way, this is a true story.   Please consider passing this along so others won’t forget that the freedoms

we have in this great country were earned by U. S. Veterans.

Remember every one seems normal until you get to know them.

HAVE A GREAT DAY

In God We Trust

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By Admin, November 21, 2009 1:17 pm

Pat Buchanan had the guts to say it. It is about time.

 
BUCHANAN TO OBAMA
By Patrick J. Buchanan

Barack says we need to have a conversation about race in America . Fair enough. But this time, it has to be a two-way conversation. White America needs to be heard from, not just lectured to…. This time, the Silent Majority needs to have its convictions, grievances and demands heard. And among them are these:

First, America has been the best country on earth for black folks. It was here that 600,000 black people, brought from Africa in slave ships, grew into a community of 40 million, were introduced to Christian salvation, and reached the greatest levels of freedom and prosperity blacks have ever known. Wright ought to go down on his knees and thank God he is an American.

Second, no people anywhere has done more to lift up blacks than white Americans. Untold trillions have been spent since the ‘ 60s on welfare, food stamps, rent supplements, Section 8 housing, Pell grants, student loans , legal services, Medicaid, Earned Income Tax Credits and poverty programs designed to bring the African-American community into the mainstream. Governments, businesses and colleges have engaged in discrimination against white folks — with affirmative action, contract set-asides and quotas — to advance black applicants over white applicants. Churches, foundations, civic groups, schools and individuals all over America have donated their time and money to support soup kitchens, adult education, day care, retirement and nursing homes for blacks.

We hear the grievances. Where is the gratitude???

Barack talks about new ‘ladders of opportunity’ for blacks. Let him go to Altoona ? And Johnstown , and ask the white kids in Catholic schools how many were visited lately by Ivy League recruiters handing out scholarships for ‘deserving’ white kids.? Is white America really responsible for the fact that the crime and incarceration rates for African-Americans are seven times those of white America ? Is it really white America ’s fault that illegitimacy in the African-American community has hit 70 percent and the black dropout rate from high schools in some cities has reached 50 percent?

Is that the fault of white America or, first and foremost, a failure of the black community itself?

As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time?

Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse?

We have all heard ad nauseam from the Rev. Al about Tawana Brawley , the Duke rape case and Jena . And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

Sorry, Barack, some of us have heard it all before, about 40 years and 40 trillion tax dollars ago.

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By Admin, November 13, 2009 7:23 pm

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By Admin, November 10, 2009 1:13 pm

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By Admin,

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By Admin, November 9, 2009 7:07 pm

[«] Money and Markets 2009 Archive View This Issue On Our Website [»] Massive Revolutionary Changes by Martin D. Weiss, Ph.D. Dear Subscriber, I’ve just returned from Munich, Germany, where Claus Vogt and I addressed the 8th Annual Conference of Sicheres Geld subscribers. Here are the highlights of my side of the presentation. (Claus will give you his side in a future issue). Massive Revolutionary Changes A few years ago, when we first began this journey together, we warned that the U.S. government was leading us to a future banking panic. We warned about the housing bubble that was about to burst. We told you about the giant monster of derivatives that could someday explode. And we showed you how the U.S. real estate bust and the derivatives monster were likely to strike the largest financial institutions of Wall Street, threatening a meltdown in global financial markets. Then, three years ago, we described the coming crisis in greater detail, naming the large financial institutions we believed were most likely to fail: Bear Stearns and Lehman Brothers, two of America’s largest investment banks Countrywide Financial and Fannie Mae, America’s largest mortgage lenders Washington Mutual, America’s largest savings and loan corporation Citigroup, America’s largest consumer ban Virtually no one believed this was possible. When we gave the story of the Citigroup failure to a reporter of a major business magazine, the editor nixed the story. When we told other banking experts that Citigroup was on the brink of failure, they laughed. When we told government officials, the company executives simply told them we were crazy.   Internal Sponsorship Have you claimed your free membership? The Weiss Forecast Contest for 2010 will be ending soon, and we’d hate for you to miss out on your opportunity to get a free, no-strings-attached subscription to any one of the FIVE wealth-building newsletters we publish. So why not take a few seconds to tell us what you see ahead for key investments next year. Click here to learn more …   As it turned out, the crisis was not less severe than we expected. Nor was it as severe as expected. Rather, the crisis was actually more severe — for two reasons. First, in addition to the companies that we named as candidates for failure, several other giant companies that we had not named also went bankrupt or required a bailout. The failed Wall Street firms included not only Bear Stearns and Lehman Brothers, but also Merrill Lynch. The failed commercial banks included not only Citigroup, but also Bank of America. The bankrupt institutions were not only in the U.S., but also in the U.K., Germany, and even Switzerland — Royal Bank of Scotland; IKB and Hypo Real Estate in Germany; and UBS in Switzerland. They included not only banks and brokerage firms, but also the largest single insurance company in America, AIG. But whether we named them ahead of time or not, the salient fact is that, in nearly every major financial industry — commercial banking, investment banking, consumer banking, brokerage, mortgage lending, and insurance — the companies that failed, or almost failed, were not small- or medium-sized. They weren’t the third largest or fourth largest. They were the single largest in the world. Think about that: The world’s largest companies in every single sector of the financial industry. Failed. Bankrupt. Now, fast-forward to today, November 7, 2009. Suddenly and miraculously, the same economists who told you this crisis could never happen are now telling you that this crisis is “over.” And the same government officials who scoffed at the notion of giant financial failures are claiming they have the final solution to those failures. But the derivatives we warned you about are not gone. They are still there. Nor are the bad debts on the books of major banks. And most important, the government policies which created the crisis in the first place have not been modified or reduced. They have actually been accelerated, as we’ll demonstrate in a moment. And therein lies the second reason the crisis is actually worse than we expected. With its deliberate policies, the U.S. government, along with governments here in Europe, have now transformed the Wall Street debt crisis into the Washington debt crisis. They have transformed a crisis that was bankrupting individual institutions into a crisis that could threaten to bankrupt sovereign governments. Worst of all, they have converted a crisis of debt into a crisis of our currency. This chart shows the monetary base of the United States. It represents the most basic form of money supply — cash currency in the coffers of U.S. banks plus their total reserves. As long as this basic measure of money supply is growing at a moderate pace, you can generally expect stability in the U.S. dollar, gold, and other markets. There will be ups and downs, of course, and sometimes, due to other global events, those ups and downs could be sharp. But they will not turn the world upside down. Indeed, this had been the pattern since World War II: relatively moderate expansion. Up until September of last year, when Lehman Brothers failed, it took the U.S. Federal Reserve a total of 5,012 days to double this measure. But then, look what happened: Fed Chairman Ben Bernanke doubled the U.S. monetary base in 112 days. Not in 5,012 days as his predecessors had done — but in a meager 112 days! He accelerated the pace of bank reserve expansion by a factor of 45 to 1. Imagine a crowded highway with most cars traveling at an average speed of 100 km per hour. Then imagine a new driver appearing on the scene with a jet-powered engine that accelerates to a supersonic speed of 4,500 km per hour. That’s the same magnitude of change Fed Chairman Bernanke has presided over. Ladies and gentlemen, this is not just more of the same trend that we have witnessed over the decades. It’s a massive, revolutionary change in the entire structure of the U.S. economy. Even in the most extreme circumstances of history, the Fed never pumped in this much money in such a short period of time. For example, before the turn of the millennium, the Fed was afraid of a computer catastrophe at the banks caused by the widely publicized Y2K bug. So it rushed to provide liquidity to U.S. banks and increased the monetary base by $73 billion in three months. At the time, that was considered huge. But this time, Mr. Bernanke has increased the monetary base by over $1 trillion, or 14 times more! Here’s another example: In the days following the terrorist attacks on September 11, 2001, the Federal Reserve rushed to flood the banks with liquid funds. That time, it added $40 billion in less than 14 days. However, Mr. Bernanke’s recent trillion-dollar deluge of money is twenty five times larger. Here’s the most astounding fact of all: After the Y2K and 9/11 crises had passed, the Fed promptly reversed its money infusions. It pulled out the extra liquidity from the banking system. But this time, Mr. Bernanke has done precisely the opposite. Since he doubled the currency and reserves at the nation’s banks with his 112-day money-printing frenzy in late 2008, he has thrown still more money into the pot. And late last month, the monetary base surged to new, all-time highs. Ladies and gentlemen, this is not just more of the same trend that we have witnessed over the decades. It’s a massive, revolutionary change in the entire structure of the U.S. economy. This is the elephant in the room — the situation that everyone knows is there, but no one wants to admit. Now, let’s take a look at this same elephant from another perspective — the largest federal budget deficits in the history of mankind. If the U.S. federal deficit were growing by 20 percent, 30 percent, or even as much as 50 percent, the pundits could have argued that it was just the continuation of a long-term trend, that it was simply more of the same. But just in the last 12 months, the U.S. federal deficit has exploded from $454.8 billion in fiscal 2008 to $1.4 trillion in fiscal 2009. It has tripled in size in just one year’s time. I repeat: This is not just more of the same trend that we have witnessed over the decades. It’s a massive, revolutionary change in the entire structure of the U.S. economy … and it’s totally unprecedented in history. Now let’s turn to the consequences of these events — first, the intended consequences and then some of the unintended consequences. Consequence #1 is a recovery in the U.S. economy. When the government creates that much monetary and fiscal stimulus, it naturally has some impact, of course. That’s why a recovery is now under way and why it is likely to continue for a few more quarters. Consequence #2 is the rally in the U.S. stock market. Again, when so much liquidity is pumped into the economy, it’s only natural that some of it would flow into equities. Consequence #3 is a recovery in emerging markets. Here, unlike the U.S. and other Western economies, not only are the economies benefiting from government stimulus, but they are also benefiting from strong domestic fundamental growth factors. Consequence #4 is the decline of the U.S. dollar. The greenback is falling against the euro and virtually every major currency on the planet, and it will probably continue to do so. The U.S. Dollar Index, which measures the dollar against a basket of six major currencies, is now nearing its lowest level in history. Once that level breaks, the pace of the dollar’s decline could accelerate sharply. Consequence #5 is the decline in the value of paper money as a whole, and the parallel rise in gold. Friday, gold pierced the $1,100 per-ounce level. Next, despite any intermediate setbacks, it could rise to $1,300. Consequence #6 is rising interest rates. Yes, the Federal Reserve can hold its official short-term interest rates near zero, and this is precisely what it’s doing. But the Fed does not exert the same control over long-term interest rates. Nor can it control foreign central banks, some of which are beginning to raise interest rates. And most important, the U.S. government cannot control foreign investors who now own over half of the publicly traded U.S. government securities. Meanwhile, the forces driving long-term interest rates higher are powerful and enormous — the same forces we told you about earlier: massive monetary inflation and equally massive federal deficits. Consequence #7 is an anemic U.S. economy overall, weighed down by high unemployment, low spending, and most important, the largest debts of all time. Don’t expect this recovery to last very long. A second recession could come quickly on its heels. I am often asked: Is the recession over? My answer is “yes.” But to the more important question — is America’s long-term depression over? — my answer is a firm “no.” In the years ahead, we’re likely to see a series of longer-than-usual recessions interrupted by shorter-than-normal recoveries, all adding up to a long depression. Such is the inevitable consequence of the massive, revolutionary changes that have already taken place … with more changes of similar magnitude still ahead. P.S. Our whitelisting instructions have changed! To ensure you don’t miss out on any breaking news or alerts, please take a moment to add the below addresses to your address book. Or click here to see step-by-step whitelisting instructions. issues@e.weissinc.com alerts@e.weissinc.com eletter@e.moneyandmarkets.com eletter@e.uncommonwisdom.com    About Money and Markets For more information and archived issues, visit http://www.moneyandmarkets.com Money and Markets (MaM) is published by Weiss Research, Inc. and written by Martin D. Weiss along with Nilus Mattive, Claus Vogt, Ron Rowland, Michael Larson and Bryan Rich. To avoid conflicts of interest, Weiss Research and its staff do not hold positions in companies recommended in MaM, nor do we accept any compensation for such recommendations. The comments, graphs, forecasts, and indices published in MaM are based upon data whose accuracy is deemed reliable but not guaranteed. Performance returns cited are derived from our best estimates but must be considered hypothetical in as much as we do not track the actual prices investors pay or receive. Regular contributors and staff include Kristen Adams, Andrea Baumwald, John Burke, Amy Carlino, Selene Ceballo, Amber Dakar, Dinesh Kalera, Red Morgan, Maryellen Murphy, Jennifer Newman-Amos, Adam Shafer, Julie Trudeau, Jill Umiker, Leslie Underwood and Michelle Zausnig. Attention editors and publishers! Money and Markets issues can be republished. Republished issues MUST include attribution of the author(s) and the following short paragraph: This investment news is brought to you by Money and Markets. Money and Markets is a free daily investment newsletter from Martin D. Weiss and Weiss Research analysts offering the latest investing news and financial insights for the stock market, including tips and advice on investing in gold, energy and oil. Dr. Weiss is a leader in the fields of investing, interest rates, financial safety and economic forecasting. To view archives or subscribe, visit http://www.moneyandmarkets.com. From time to time, Money and Markets may have information from select third-party advertisers known as “external sponsorships.” We cannot guarantee the accuracy of these ads. In addition, these ads do not necessarily express the viewpoints of Money and Markets or its editors. For more information, see our terms and conditions. View our Privacy Policy. Would you like to unsubscribe from our mailing list? 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By Admin, November 7, 2009 4:17 pm

Happy IVGLDSW Day!  
 

Today is International Very Good Looking, Damn Smart Woman’s Day, so please send this message to someone you think fits this description. Please do not send it back to me as I have already received it from a Very Good Looking, Damn Smart Woman! And remember this motto to live by: Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways, chocolate in one hand, wine in the other, totally worn out an d screaming ‘WOOO HOOOOO what a ride!’  

To the Girls !!  

Inside every older person is a younger person — wondering what the hell happened.  

- Cora Harvey Armstrong-  

Inside me lives a skinny woman crying to get out But I can usually shut her up with cookies.  

(Unknown)  

The hardest years in life are those between ten and seventy.  
-

Helen Hayes (at 73)-  

I refuse to think of them as chin hair. I think of them as stray eyebrows. 
-

 Janette Barber-  
 

Old age ain’t no place for sissies .  

-Bette Davis-  


Thirty-five is when you finally get your head together and your body starts falling apart.  

- Caryn Leschen -  

If you can’t be a good example — then you’ll just have to be a horrible warning.  

-Catherine-  

I’m not going to vacuum ‘it until Sears makes one you can ride on.  

- Roseanne Barr-  

Behind every successful man is a surprised woman  

- Maryon Pearson-  


Nobody can make you feel inferior without your permission.  

-Eleanor Roosevelt-  

Send this to five bright women you know and make their day.  (Five!!! You’ve got to be kidding…. Every girl on my email list just got this one…)

When life hands you lemons,  ask for tequila and salt and call me over!!

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By Admin, November 5, 2009 6:39 pm

Jury Duty Scam

      This has been verified by the FBI (their link is also included below).  Please pass this on to everyone in your email address book. It is spreading fast so be prepared should you get this call.. Most of us take those summonses for jury duty seriously, but enough people skip out on their civic duty, that a new and ominous kind of fraud has surfaced.

      The caller claims to be a jury coordinator. If you protest that you never received a summons for jury duty, the scammer asks you for your Social Security number and date of birth so he or she can verify the information and cancel the arrest warrant. Give out any of this information and bingo; your identity was just stolen.

      The fraud has been reported so far in 11 states, including Oklahoma, Illinois , and Colorado . This (swindle) is particularly insidious because they use intimidation over the phone to try to bully people into giving information by pretending they are with the court system. The FBI and the federal court system have issued nationwide alerts on their web sites, warning consumers about the fraud.

      Check it out here: http://www.fbi.gov/page2/june06/jury_scams060206.htm

      And here: http://www.snopes.com/crime/fraud/juryduty.asp

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