Culture of Life News

Gold As Regulator, Gold As Libra

Quietly, this time, gold has crept back into the speculative game. After wild swings between $1000 an ounce and $800 an ounce, it has been steadily climbing. This time, the speculators are hoping no one notices and all the novices who rushed the markets will continue to sell. Meanwhile, the central bankers are desperate to get us to think all is over, all is well. But one major speculator/investor says, we are in the eye of the storm, not the end. Of course! This storm has been raging since...Nixon went to China! Rice, by the way, is plunging in price as hoards are being tapped finally. IN JAPAN. Ahem. And we visit 'The Bubble That Broke The World', a book we all should memorize.

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Just Joking: Shooting Obama, Launching Wars

As the American media focuses on silly sayings or attacking China for not having earthquake insurance while 88% of Californians have zero earthquake insurance, Bush and his string pullers in Israel talk yet again about the need to bomb, bomb, bomb Iran. What irks me the most is how our media can't figure out the difference between the gravity of McCain singing that odious, murderous song. Or Hillary talking about obliterating all Iranian babies, mothers and grandparents as well as men and boys and girls. Or Huckabee joking about assassinating Obama. Instead, the press has to go nuts over Obama saying 'Sweetie'! Who do we want for President? Murderous lunatics lusting for blood or someone who says, 'Sweetie'?

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Both China AND California Have Virtually No Earthquake Insurance!

Bloomberg carries a totally insane article saying the Chinese are stupid because they don't have lots of earthquake insurance. The entire article is filled with bad comparisons and leaves out data concerning California and earthquake insurance. Namely, only 12%, yes, we heard this right! 12% have insurance! And this is better than China? HAHAHA. Time again to warn the dreamers in sunny California, the dark cloud of annihilation is right over the horizon waiting to come pouring in one fine day with no warning at all. And of course, the ONLY insurance we have, collectively, is our government. Which is going bankrupt. Bankrupt! Gads. Send the Chinese some donations to save the victims there and pray the gods don't punish us next.

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Bush Begs For Saudi Oil While Punishing Iranian Oil

Today has been a really funny day in the news. Bush ran off to Saudi Arabia to kiss ass and got kicked in the ass. Then, as soon as he crawled off in humiliation, the despotic king of Saudi Arabia granted him a boon but was it a boon or was it a popped balloon? Today, to understand the real news, we must crunch lots of numbers concerning oil statistics. Embedded deep inside are some shocking revelations. I have always maintained that Iran is the KEY player in this game. Our entire oil price shock problem is 100% due to the US working like a devil to cut Iran out of world energy markets! And now I have some statistical proof of this. The US CANNOT BE BAILED OUT BY SAUDI ARABIA. Nope. We have to make peace with Iran kitty or go bankrupt. Time for bin Laden to dial home yet another warning.

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US Gives Little To China Compared To Other Nations

Offers of aid pour into China this week. The Chinese are grateful and are keeping a close count on who is offering what. It is quite revealing, this list. Also, Japan is seeing auto sales at home continue to collapse as the working class is vanishing into deeper and deeper poverty even as Chinese workers move upwards, rapidly. This is our future, by the way. And Germany's economy grows faster than even the Japanese economy even while German workers succeed in keeping up with inflation unlike Japanese and American workers. Thanks to the strong euro. And strong sales to Sovereign Wealth nations like China, Russia and the Arabs.

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Gypsies Attacked In Rome By Fascists

Ethnic cleansing jumps in Italy as the fascists are put back in power. Immigrants from Africa as well as the foot-loose Roma [Gypsies] are now being attacked by mobs backed by the police. As I said in the past, if the West endorses, supports and pays for vicious ethnic cleansing in the Holy Land, this will grip our own nations in return. This must be condemned and stopped wherever it is happening. Over 50% of the Roma in Europe were killed in the Holocaust just like the Jews. Like the Jews, they are hated for being 'non-state' persons. Only the Jews now have a state which is one of the ugliest ethnic cleansing criminal states on earth.

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Arrest Nixon's Ghost!

The news media hound dawgs are barking like crazy over the Bush speech to the more important branch of the US government, the Knesset in Israel. In this speech, Bush insinuated that anyone who talks to 'enemies' is a traitor. As per usual, the media and a host of other people have been unable to put this latest nasty speech into historical context. So it is time to talk about the most famous case of a President accusing people of treason for speaking to 'enemies' and then trotting off to make kissy-kissy with both the dictators of China and the dictators of Russia: Richard M. Nixon.

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Bankers Need More Capital...From Communist China

As Bernanke seeks to fix the banking collapse, he falls into the trap of treating the obvious 'symptoms' while totally ignoring the underlying problems. This is because he is a tool for the very rich, not a guardian of our joint welfare. This disassociation of the ruling elites from the masses is very profound and dangerous. And this fool actually thinks, if only he can restart the lending machine, this will fix a bankrupt economy. This delusion is cultivated by our rulers who are all spendthrifts who make huge profits off of shoving us into their traps which are set by lending us money they make out of thin air. Even as the magic window the Fed set up last November lends Funny Money™ like crazy, all the top bankers in the West are yelling, 'The crisis is over and all is well and please lend money...after everyone gets some capital!' This is impossible. We don't have no more capital, dudes. We are bankrupt.

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Edwards And SEC Chiefs Embrace Obama

I had to suffer through watching tons of propaganda on ABC to see the Obama/Edwards lovefest. Not only has Edwards now embraced Obama, not only has Obama embraced Volcker, but three retired SEC chiefs who worked for both Democratic and Republican Presidents endorsed Obama today! This is VERY important: they feel he is possibly the only one around who can bring some sanity to our finances. Also, Hillary and her husband both saw their incomes climb the most in the Senate this year! The number of multimillionaires in the Senate is striking. And many of them gained this via political smoozing. Stocks shot up today on the news that there is 'no inflation' even as gasoline shoots upwards at the pumps by some more pennies today! The hope is, Bernanke will drop rates to near 0% and everyone will live in that happy, happy land where there is no interest charged, no money down and you don't pay off the principal. The Pentagon and the White House reduce the capture reward for top Al Qaeda people supposedly because the Arabs don't understand zeros and think $100,000 is better than $5,000,000. Even Hillary's voters aren't that stupid. Much less, Arab chiefs. And last, we look at China and India to learn some harsh lessons.

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Bernanke: More, More, More Funny Money™

The banking collapse continues. Even as all the big players pretend all is well, Bernanke admits the Federal Reserve will have to keep the Funny Money™ window wide open and even give out more money. The central banks of Japan and England are also in the news. Both are struggling with keeping the insane system afloat which has sunk. They have to stop inflation while flooding the markets with more loans. US businesses are now endangered by too much debt going into an obvious recession, at 66%, it is much higher than the 40% level right before the Dot Com bust. Japan is rapidly shrinking production in anticipation of dropping markets while food prices continue to soar in Japan. So the Bank of Japan simply closes its eyes and jumps off the cliff.

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Understanding the Complex History Of China's Geology

The death toll from the 7.9 earthquake in China grows greater. Heroic efforts by the Chinese military and others, trying desperately to dig out the unfortunate people trapped in the rubble continues. As usual, regulating the building earthquake-proof structures is a very important government function. The many tragedies we see in earthquakes are due to improper or weak architecture. Modern cities must heed the lessons of other cities' woes! The school that collapsed in China is a classic example: it should have never happened. Also, we look yet again at the Himalayan mountain region and the geology of central China and why this is so unstable. Geologists are still trying to figure out how the earth's different elements intersect and interact there.

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More BIS Bull About Inflation

As the Bank of China raises the reserve ratio for Chinese banks, there is a massive earthquake and Mother Nature, which sent tornadoes into the US and a huge typhoon into Burma. The costs of these catastrophes will stress global banking systems even further, of course. The looming earthquake that will rend California will, like the ones in Asia, create further stresses. China is, unlike the US, seriously trying to grapple with inflation and is using classic methods to do this. But the US persists in pretending inflation is all a psychological matter and it is OK to have interest rates very low and bank ratios at laughable levels while creating more Funny Money™ via that ever-widening new window installed in the Fed bank vaults. So today, we examine the most recent BIS report about all this.

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Naked Short Traders In Red Hot Hell

A reader kindly sent me a new link, 'Deepcapture.com' which is a site run by a businessman who believes that the phantom financial world of naked short sellers in the hedge fund pirate/hell hound high seas has defrauded himself and other business people. To explore this story means plunging deep into the darker pools of finance, news reporting and downright demonic affairs with everyone pointing fingers at each other. There are no 'good' people in this story. But lots of lost souls and quite a few swindlers not to mention outright criminals, corrupt politicians and the many despicable follies and wild games of the people who are the bleeding heart at the center of our financial world. Like the DTCC, the organization originally set up to transfer ownership of stocks! All are now in this bizarre universe where there are many secret portals, secret chambers and invisible monsters that destroy or create wealth.

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Mother's Day For Everyone

These are all pictures of flowers my mother-in-law, Rosemary, cultivates at her home. Today is Mother's Day and the members of my family who are not sick are recovering from being sick, we all got the flu. Isn't that fun? I love my children even if they bring home gifts that keep on giving sneezes!

So we will have the annual Mother's Day dinner next week if we are all well. I certainly hope everyone reading this is not sick with the flu. So I hope you all have a happy Mother's Day if you are a mommy and since many daddies are also good mommies, I hope appreciation for being a good parent is shared for it takes an absolute army of people to raise children, not just a village, an entire city!

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Abu Dhabi Building New Renewable Energy City

A reader kindly sent me a story about the latest MIT/Abu Dhabi project to build an entire city that runs on only renewable resources. My parents went to the Arabian countries during the late 1960's and until the late '70's to help start up SOLARAS, the Solar Energy Research center there. This was because they persuaded the kings of Saudi Arabia to prepare for the future and to beware of the Hubbert Oil Peak. So now this sort of work is rapidly expanding with the foundation of this new, research city. The US should be doing this at home except there is still too little interest. We will also visit a Greenpeace model community in England.

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Embargo On Iran Rapidly Killing US Economy

As the cruel US embargo on Iran tightens more and more the entire planet is seeing the price of oil shoot upwards faster and faster. Too stupid to figure out the obvious, the leaders of the G7 nations run about in circle screaming about how all this is the fault of speculators. Then the central banks hand out a trillion in lending to these same speculators! On top of this, Iran is now refusing to accept dollars for oil at all anymore. The dollar's bizarre problems are very much attached to the business of the Iran embargo the US is imposing on behalf of Israel. As chaos broils out of Lebanon, the US is tightening these same screws yet some more, blaming Iran for all this. And in the end, it is a race to see who will destroy the global economy first: Iran or the US. I am betting Iran will win this race with us, we will hit bottom before them.

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Citibank Tanks World Markets In Blackmail Attempt Against US

All the world markets are struggling to keep from drowning in the red due to the startling news that Citibank is going to hold a huge fire sale. Yesterday, the Japanese muttered darkly about selling off nearly a trillion dollars in FOREX reserves and now Citibank is ditching half a trillion. All the other Big Bankers are trying to unload this ugly mess in drips and drabs using the new Federal Reserve Window of Opportunity™ that will accept any Tier III asset parading as a AAA Tier I property. Price of oil surges upwards so this masks the true losses on Wall Street since energy companies are traded there. And during all this hurricane and earthquake economic news, the Fed claims they are 'talking up' the dollar which is about as deluded as one can get. The banking collapse is far from over, it has really barely begun.

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Scylla And Charybdis: Depression And Inflation Are Unavoidable

As the Fed open window to lending to banks allows a flood of Funny Money™ to return to the system, Japan's top economic advisors have recommended the government shed 80% of foreign reserves which are mostly US dollars rather than make a Sovereign Wealth Fund like China. This would kind of destroy the dollar, by the way. But instead, all of Asia without exception, have renewed buying and holding US dollars and assets so their own currencies can drop in value in concert with each other. Japan has ceased working with the other G7 to strong arm China into strengthening the yuan. Everyone is trapped in a system where everyone will be hurt when the US goes bankrupt. But now the conversation behind closed doors is, 'How do we salvage something for ourselves when this happens'. And as usual, I suggest the US should have a massive, strategic retreat from our mad empire and its wars before it is too late. And Bush insults India, claiming they are the cause of global inflation, not Japan or the US.

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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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