Culture of Life News

Oil Continues To Bedevil US Mass Guzzlers

The price of a barrel of oil has shot up to $124 a barrel. Just last year, everyone was fretting and hoping it would drop to under $50 a barrel. That was pure wishful thinking by American oil addicts. Are we still demanding a war with Iran? Yes! Are we fighting more and more in Iraq and Afghanistan? Yes! Is the dollar still being inflated by overproduction via the Federal Reserve's new lending window that doles out $50 billion at a pop? Yes! And is the rest of the planet slowing down oil purchases? Nope. So the price of oil goes up and up and up and Americans are raging at the gas pumps and McCain talks about war, war, war and Hillary wants cheap oil one way or another and will Santa Claus save us and dump oil all over us? The huge sinkhole in Texas due to pumping oil out of the earth is instructive, too. Heh.

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US Soldiers In Afghanistan Protect Poppies

As the US troops protect opium war lords in Afghanistan, the rest of the world is seeing a flood of cheap heroin. The US, like England before us, conquers nations and turns them into drug addicts selling illegal drugs which then produces prodigious profits which flow into the banking system. This is one great way to sop up excess dollars produced by the banks. The War in Vietnam increased the drug trades immensely and the 'War on Drugs' forced prices to the stratosphere during a very inflationary period in the US due to war costs. This is the Snake Ouroboros eating its own tail. Look at that lovely girl in the mug shot from today's news from Long Island: she is a drug addict/drug dealer. Heroin is now so cheap, it is flooding our markets and hooking our children. And it is all the fault of Bush, the CIA and the Pentagon...and the Federal Reserve.

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It's A Small World After All The Shouting

As the G7 central bankers frantically pump red ink into global monetary systems, they complain about the sudden appearance of 'inflation'. This is like a drunk complaining that the world it tilting. And how will the G7 bankers cure this condition? By getting drunker, of course! They figure, if the status quo of unbalanced trade with the US and easy lending to the same will resume and there will be no inflation in the world if they raise their own rates a tad. But not raise the cost of lending to the US which is going bankrupt. So we have the comical situation of the dollar growing stronger even as the US economy weakens. One thing has improved for us: exports. The world hates this and wish to end it. And the US must remember, we are all trade RIVALS, not buddies. International trade is a dog-eat-dog world, not Disenyland's 'It's a Small World After All' sing fest.

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Don't Cry For Me, Hillary Clinton

It looks like Hillary Clinton has to slink off stage to lick her wounds and wound her husband. She is cooked. Zogby says so. And the ruling elites meet in DC to discuss shoving around the gullible US voters. They muse about the problem of Ron Paul and worry that he might give them some trouble. Meanwhile, Russia, China and Japan have had increasingly fruitful tri party meetings that are generating deals, contracts and energy business and all three are very worried or severely annoyed at all the talk in the US about bomb, bomb, bombing Iran. And a bus is blown up in a possible terrorist attack in Shanghai. This doesn't make the news except briefly in China.

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OTC Hockey Stick Problems Of The Derivatives Beast

Once again, I will try to approach the biggest financial monster on earth, bar none: the Derivatives Beast. This bizarre creature was born the day the dollar was devalued and began its swift death when Nixon completely cut the ties between our paper IOUs and gold. 'Let the markets set the relative value of everything against the dollar. Let all things vacillate wildly as speculators and traders bet against the rise and fall of all things vis a vis all currencies in the world. And gold will cease to be a money and will now be a commodity just like wheat or oil!' And so, the trade problems and insecure financial problems began to grow and accumulate until we now have a hysterically big monster, the Derivatives Beast, that expresses INSECURITY in all systems. And It has grown to such vast size, it is bigger than all of the value of the entire planet earth! So we shall go back in history to examine the birth and growth of this Beast.

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Dirty Volcanic Eruption In Chile Can Change Climate

A mid-sized volcano in Chile is having a major-sized volcanic event. If it blows off its crown, it can change global weather. It all depends on volume, power of the explosive forces breaking out into the stratosphere and the mass of ejected particulate matter and aerosol gases. We have had several 'cooling off' periods caused by volcanos during my lifetime. And in history, volcanic activity has pushed forwards evolution and has caused mini-ice ages as well as starvation and privations. Indeed, some huge volcanic eruptions have nearly killed off all homo sapiens in Africa long ago. Only about 2,000 humans survived the effects of a major volcano in Sumatra blowing up. Volcanos are the engines of evolution just as meteorites can alter the course of nature.

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Mexico Cuts Oil Exports To US

BREAKING NEWS: MEXICO TO CUT OIL EXPORTS TO US. This is big news. It hasn't hit Bloomberg yet but already oil traders are shouting up the price of oil due to this news. It will shoot well over $120 a barrel. And it is time to talk about the other energy news. Americans wonder if we should retrofit to solar energy and thus, make jobs. Only China figured this out...long ago. They asked my dad to start off their solar energy industry back during the Jimmy Carter Presidency years! They are way ahead of us in this matter. And the IMF is furious that Russia won't listen to Rato and his fellow flunky wizards who want to loot Russia. HAHAHA. Well, off the cliff we continue to go!

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Let Them Not Eat Cake

The 'credit crisis' which has morphed into a collapse of the G7 banking systems, continues unabated. The western media played up false stories from idiots like former IMF head, Rato the Rat. Even as global inflation continues to rage even in strong currency systems like the European Union, the lunatics who run most of the G7 central banks are still screeching, 'We need MORE liquidity!' The 'we' here are, of course, the pirates, billionaires and corporate clowns who brought this disaster down upon our heads in the first place. And the US government has a meeting to discuss inflation, the surge in wild government spending and how to fix things. More liquidity is their solution. And they blame all this not on our trillion dollar Pentagon but on the American people for wanting security and health care, of course. Hang them all!

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Official Fed Reserve/US Treasury Report On Foreign Ownership of US Bonds

I signed up for the Federal Reserve and the Treasury Department's list of people who get their statistical releases instantly. Yesterday, I got the first, new joint Fed/Treasury statistical report which is a break down of how much US assets, equity and debts are owned by which foreign powers and pirates of the Caribbean. The numbers are dire! This situation is totally, nearly hopelessly out of control. Both the percentage and gross amounts are rising at a rapid pace. In particular, the people who own our government debt are our top trade rivals and even outright challengers to US global power. Um, this should be a flashing red light, eh? Instead, the people issuing this report will work with politicians to insure next year's report is even worse.

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Farwell to Sparky, Our Dear Horse

We had to put down our dear old friend, our war horse from the Alps, Sparky. He now lies buried in the middle of his favorite pasture overlooking the valley below. He was one brave, good horse. Difficult to tame, wild and too smart, he could open gates, doors, turn on and off lights and get into anything. He was of a very strong build and if he couldn't open a gate, he would smash through it.

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China, Japan And Korea Sign New Monetary Union Accords

Big news, so we won't see it in the US: China, Japan and South Korea have finalized the second stage of their currency unification project! The euro has blazed this path quite clearly. The IMF and the US hates this development and tried mightily to stop it. But we have no 'leverage' anymore. This union is the joining up of the world's biggest FOREX reserves and will be used to build a huge financial fortress to protect Asia if the US decides to cheat them by either devaluing the dollar against their currencies or going bankrupt! Japan was tempted for a year to side with the US and Europe against China's currency but last summer showed how the Chinese soundly defeated the Japanese in this matter. Japan surrendered last September and now is joining China against the other G7 partners. And I predicted this! HA.

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Filly Killed On Kentucky Derby Race Course

Mongols, in the 13th century, rode only mares into battle. And the European chivalry rode only stallions. In the Kentucky Derby, a very, very young mare was literally ridden into the ground where she perished. This always irritates me. Racing young horses is criminal. But it also turns out that this mare is connected to Hillary Clinton. She told Chelsea to bet on the mare and hoped, I suppose, to crow about this strong filly and compare herself with the poor thing. So I shall connect the business of fillies, wars and breaking down and dying. There is a common thread here that is as bright as red blood.

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US Charity Feeds Even More Food Inflation

Bush wants to fix soaring world food prices by dumping many millions of dollars that will be raised by creating more US government debt. Of course, food prices are soaring because the dollar is the main currency in the world for determining the relative value of all trade goods except with Iran, of course. And so this will INCREASE inflation of food. Meanwhile, we see England falling off the same cliff we fell off. And we visit the Fed's special window for bankrupt bankers to exchange trashy bonds for Treasuries at $50 billion a pop. Far from finishing, it is actually accelerating. More bankers are doing it more frequently, not less and less! Gads! How DARE anyone suggest the banking collapse is done?

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Ron Paul Prefers Obama Over McCain

This news is hot off the press: Ron Paul prefers Obama over McCain and Clinton. I remember the media going after Ron Paul for being a racist. Then the media and the Clinton camp just poured it all on Obama in a racist way, accusing him of being an 'elitist' and talking darkly about uppity you-know-who's who won't keep their place, damn it. Then Reverend Wright went all wrong and the media happily flung him on top of Obama. This way, nothing important was discussed by anyone important. Instead, we were to understand that OBAMA is a racist as well as Ron Paul! So here we are: up is down and in is out, Welcome to the Outer Darkness where everything is a merged mirror.

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Jimmy Carter And US Imperial Suicide: We Are Going Bankrupt

As the US empire tries to sail the Seven Seas on a sea of red ink, we are sinking. Our empire is growing but it is also dying at the same time. All empires that go into debt for military reasons, all empires that shove military costs off into the future, die. They can't do this for very long. This is classic imperial rot. And our empire is very rotted. Today, a small newspaper does the most unusual: they interview Jimmy Carter. He is increasingly cynical about things...about time! He laments the fact that life and death issues are not debated during Presidential elections anymore. Well, I say, we talk a lot about death! Namely, the more warmongering a candidate is, the more likely they will win our elections thanks to our media that is owned by a small handful of people who want us to spend all our money overseas in fruitless wars on behalf of people who are bankrupting our nation in trade and finances.

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Gargoyles Guard Funny Money™ For Santa Claus

It is Friday and everyone will go home and sleep like babies. All is well. The US Fed has found ways to feed the Debt Monster and the Derivatives Beast and so we will continue on the course of infinite debt. The TAFL window run by Helicopter Ben is DOUBLING the amounts it is lending to all and sundry. Including a host of bankrupt European banks! So long as the Fed can pretend to not be bankrupt, they can prop up the entire G7 banking systems. Because the Fed is DOUBLING its Funny Money™ output, pundits are claiming, 'The Banking Crisis Is OVER! Open the party keg of beer!' The yield curve between the value of bond and the new super-low rates now mean we will have a super-duper bubble. One that will save all the wealthy people on earth. And kill us mere mortals.

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Deadly Japanese Carry Trade Resumes Piling On Debt

All the pirates, all our G7 allies, the army of people playing with Funny Money™ are ecstatic today. The stupid, useless and destructive game of buy-ups, buy-outs and wild lending with no consequences has returned. Both the US and Japan have created conditions whereby lending is far, far cheaper than the real rate of inflation. And this means lots of easy money will resume flooding the planet but not in commodities any more. It returns to hiding deep inside people's pockets. All these deals do is create unemployment since all these deals pay for the interest rates from these useless loans by firing people. This is why we see expanding stock markets running right alongside collapsing incomes and rising unemployment. All the dire economic problems I rage about will get worse, not better.

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Geologists Warn San Andreas 99% Chance Big Quake Next 35 Years

Two more earthquakes greater than 4 mag hit the lower end of the Californian San Andreas region. So we have had a good number of medium-hard shakes at both the top and the bottom of the San Andreas. The number of micro quakes has also grown much greater lately. Of course, the many millions of people in California living on top of this very restless earth are not supposed to be alarmed. My family has lived out there since the Gold Rush. We know these dangers and know that we must pay heed to them. Time to review earthquake preparations. Even the cautious geologists fearful of losing jobs are sounding a timid alarm.

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The Bubble That Will Break America

Today is May Day, the traditional day in Europe to celebrate worker's unity. But workers of the world are not united, they are chopped apart by sovereign boundaries and political divisions and have been set against each other in competition with each other across the planet thanks to 'free trade'. Then, to make the mix even more explosive, the leaders of many nations have opened their borders so illegal workers could flood in and dilute national powers of organized workers. This has done two things: allowed cheap lending for the great powers, expanded the profits of exporters, expanded the money base without sharing it with workers and prevented inflation. But now that process is crashing due to the inability of workers to sustain a modern manufacturing base in the 'developed' countries. So the only thing the G7 seem able to produce is prodigious debts. This is causing their entire banking and governmental systems to break down or slide into bankruptcy. To see how this works, we must use the Time Machine called 'books' to peer into the past yet again.

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USA Is Going BANKRUPT, Worse Than Ever

Now we see the Federal Reserve drain its reserves which are Treasury DEBTS, of course. The US government has, as per usual, lied about budget matters and now it turns out we are running up to HALF A TRILLION in the red if not much worse. Congress is busy voting to spend more billions trying to run over Iran Kitty and control Iraq, our own Tar Baby from Hell. Half a trillion in US homeowner wealth has vanished into thin air. Or rather, the US government is busy turning it into government debts. This leads to bankruptcy. Of course, the Fed ignores raging inflation and drops interest rates another 25 points. Argentina is going bankrupt yet again and for the same reasons we are going bankrupt. Will we learn before it is too late? Nope.

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