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Showing posts with label financial crash. Show all posts
Showing posts with label financial crash. Show all posts

Friday, August 26, 2011

Debt Ceiling my Ass: The United States is Bankrupt

A Good Book to Get...


Listen to the Federal Reserve representative tell Congressman Ron Paul that the Fed has no Gold in it's reserves, and listen to how Ron Paul states that money is Gold and that the absence of Gold renders the money worthless in terms of value.



America is Bankrupt!

Every civilization in human history has always had a system of slavery in place, for mankind will always like for another man to do his bidding. What better way to keep slavery then to institute slavery voluntarily, to a public that's unsuspecting and unaware of the invisible chains that exist. From the womb to the tomb...this is how they do it.




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Friday, March 20, 2009

Money is being devalued: U.S monetary base is being inflated



The fed is planning moves that would more than double its balance-sheet assets by September to $4.5 trillion from $1.9 trillion. Alot of people don't understand the real magnitude of the projected expansion of the US monetary base because they don’t take into account the amount of dollars circulating abroad anyway.

But there is a staggering devaluation of US currency happening!

For every dollar that existed in America in September 2008, the fed is going to create fourteen more of them! Below is a rough sketch of what this increase in US monetary base would look like:

Click to enlarge...


You guys should know that pumping this many dollars into the financial system is a very shrewd move by the Fed, and it's consequences are not very reversable.

More on this subject next time...

Sunday, February 1, 2009

Banks in Florida, Maryland and Utah are being closed, this trend continues...



By Ari Levy

Jan. 31 (Bloomberg) -- Banks in Florida, Maryland and Utah were closed yesterday as regulators wrapped up the busiest month for failures since the housing slump began in 2006. Ocala National Bank in Florida and Suburban Federal Savings Bank of Crofton, Maryland, were shut by federal regulators, according to statements sent by the Federal Deposit Insurance Corp. MagnetBank of Salt Lake City was seized by the Utah Department of Financial Institutions. The banks had total assets of $876.4 million and deposits of $790 million. Six banks have failed this month as tumbling home prices and a 16-year high in unemployment boost foreclosures. The FDIC classified 171 banks as “problem” in the third quarter, a 46 percent jump from the previous period amid the worst housing crisis since the Great Depression.

Entire Bloomberg Article, CLICK HERE

Friday, October 31, 2008

The Financial Cookie Crumbles!



Who wouldn’t want to be a millionaire? Well, here’s news. A host of ultra-affluent individuals may actually be losing sleep over becoming millionaires or baby-billionaires, after having already enjoyed the status of super-billionaires when the markets had taken personal fortunes to dizzying heights. September 29th 2008; marked the worst one day fall for US stock markets since 1987. It's been called the subprime mortgage crisis, and it may have been the leverage Barack Obama needed to edge over John Mccain in the polls. Apart from the bear onslaught on stocks of companies they promote, these ex-billionaires have also had to contend with a weaker dollar. The relentless bear attack shows no signs of petering out; with record-high oil prices, high inflation and a non-conducive global macroeconomic environment adding fuel to the fire. That’s only set to swell the ranks of these reluctant millionaires.

Chinese Billionairess
Yang Huiyan: She was considered the wealthiest person in Mainland China, and she had an estimated net worth of 16 billion. Today she's at about 2.2 Billion, plummeting after taking a big hit during the market meltdown. She's 26 years old, and was ranked around #125th in Forbes.



Kirk Kerkorian: plunked down $1 billion in Ford Motor in the spring, ending with a 6.4% stake in the automaker. In a bit more than four months, he's seen $700 million, about two thirds of the value of that investment vanish as Ford and all the automakers have struggled with high gas prices and the crummy economy. His net worth was estimated at $11.2 billion by Forbes magazine in September; it's now much less than that.




And there are many many more stories like this...people who've felt the tip of the sword during these hard economic times. Let this serve as a lesson to all of you that the rich are not always getting richer. I'd suggest you invest some money in Latin America and other emerging markets like Africa, as I believe these places will be where the baton is picked up by developing countries. I continue to hold UK investments, because I don't believe in the Euro anymore then I do the American dollar (our money is only as good as the belief that we have in it).

Monday, September 8, 2008

Are you in the Matrix?


Trinity: I know why you're here, Neo. I know what you've been doing... why you hardly sleep, why you live alone, and why night after night, you sit by your computer. You're looking for him. I know because I was once looking for the same thing. And when he found me, he told me I wasn't really looking for him. I was looking for an answer. It's the question that drives us, Neo. It's the question that brought you here. You know the question, just as I did.







I'm a fan of the first original Matrix Movie (and a fan of the Movie Mad Max staring Mel Gibson). Both movies struck a chord with me. In Mad Max I saw the dredges of civilization in a barren world of desert wastelands fighting amongst their tribes for Oil and Gas and it looked like a post-apocalyptic world, while this may have seemed like nothing more then cinematic greateness to you....it really did show me what American appetities for world Oil and Gas could be like in the future if the world as we knew it were over. In the Matrix I saw mankind battling against a master race of machines who by all accounts looked human, and appeared in the form of Secret Agents, in paralell to what we've come to know as the CIA and FBI.

Below is a picture of Kazakhstan...



This looks no different from what Mad Max tried to make you believe America would look like eventually...lol...A bunch of Oil rigs desperately digging for whatever they can find in the ground. As I look at these rigs I can't help but hear the current American Presidential Candidate John Mccain screaming for offshore oil drilling...lol...and a call for an increase in nuclear reactor development.

ARE THEY RUNNING OUT OF OIL?



YEAH, They're using this to make up for it...lol



David Pimentel, a professor at Cornell:

“…consider that 20 percent of the U.S. corn crop was converted into 5 billion gallons of ethanol in 2006, but that amount replaced only 1 percent of U.S. oil consumption. If the entire national corn crop were used to make ethanol, it would replace a mere 7 percent of U.S. oil consumption — far from making the U.S. independent of foreign oil.”

A Quote by Jay Z
"men lie, women lie, but the numbers don't..."

Ethanol Sucks!

And you don't have to wait until most economists finally agree that America/Canada is in a recession, you can feel it as it trickles down the ladder all the way to the pinch you feel in your pocket from higher priced consumer goods and services. One of the reasons why so many economists are fudging and twitching about calling this a RECESSION is because their is usually 2 things that help to heal a recession. You need easy monetary policy and you need a weaker dollar. The U.S. needs a weaker dollar in order to stimulate net exports and this influences the other components of supply and demand. But on the other side, a weaker dollar doesn't get you the value in rising oil and energy commodity prices, leading to higher inflation. Inflation causes the Federal Reserve Bank to threaten raising interest rates.

If you didnt really understand none of that shit...don't worry lol

THIS IS WHAT RAISING THE INTEREST RATE DOES:






The Mortgage Bankers Assoc reports that more than 4 million homeowners, or 9% of those with mortgages, were delinquent by at least one payment or in foreclosure, and this is the highest rate ever reported.

THIS WASNT WHAT YOU THOUGHT MIGHT HAPPEN WHEN YOU AND THAT LOVER BOUGHT YOUR FIRST HOME


THE MANY PROBLEMS NOW FACING AMERICA (can she dodge these bullets?)



1) Mortgage giants Freddie Mac and Fannie Mae are in trouble, a debt over 5.4 trillion dollars. The government is expected to foot the bill in an attempt to help stabilize what is already a weak stock market. The Housing boom has reached it's climax, that bubble is now popping and the rate of the homeless will now rise causing adverse affects on the economy and crime.

2) Struggling Auto Giant General Motors Abandons Oscars, Delivering Another Blow To Television network ABC. The Oscars is the second highest-rated night of television viewing short of the Super Bowl.

3) Toy companies like Mattel are forced to have to sue other toy making companies for copyright infringements in order to turn a profit for what was otherwise a plummeting stock in the market.

4) China threatens the U.S constantly with changing its reserved American greenbacks to European Euro's. China is the largest holder of American dollars and a change of that magnitude would cripple American markets overnight.

5) America's highest unemployment rate is HERE! Amidst the nation's greatest rate of oil consumption from foriegn Arab oil producers increasing America's dependence on foreign oil.

6) The Occupation in Iraq is buckling America's funds. The inevitable fact is, America is pursuing a policy of attack and control overseas, and every indication shows us that America is acquiring an empire - consisting so far of Afghanistan and Iraq, with smaller garrisons in place in numerous other places. These expansions are spreading America out too thin, and is taxing its Military might.

7) Corporate Crime waves like the Enron Scandal - whose CEO was one of Mr. Bush's largest contributors, Martha Stewart etc is all evidence that the American financial market has been damaged by fraud and abuse. This perception may impede the enduring recovery of asset values, or perhaps the value of the dollar itself.

8) America's manufacturing base is weak, it's plants and factories are closing and re-locating to foreign lands. Given this structural weakness, extra purchasing power leaks abroad and it is all the more difficult to create full employment for it's own citizens.

9) The lowering of the American dollar has not increased European demand for American products by leaps and bounds. The Federal Reserve has largely run out of magic tricks, however much its officials may hint otherwise. This is very alarming.

10) Skyrocketing Credit Card Debt due in part to skyrocketing medical bills is laying to waste disposable income.

Ouch...