Culture of Life News

Evil Kerviel Jumps $73 Billion Sharks

More details about Evil Kerviel's high-flying motorcycle act. Turns out he made really good bets in the SG betting parlor only he broke into other people's computers to do this. Then, when the bank had to balance the books, he panicked and sold things at a deliberate loss in order to balance things out. Then this sorcerer's apprentice caused a REAL panic and this cascaded until billions were lost, many billions, across the entire planet. I see some moral in this story. The hard working young man doing things for the sheer fun of it? Shows how destabilized the system is, by the way. Many horrible panics start this way, as a game. Time to talk about the Panic of 1893! The one that killed my great granddad.

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Dying of Thirst While Drowning

Too much liquidity is being cured with even more liquidity. The attempt at eliminating risk by creating over $20 trillion [!!!!] in insurance on CDOs and SIVs based on properties insured by the FHA or insurance on buy-out deals in the corporate arena are now coming due as bankruptcies rise. Only there is no way we can see a pay-off of $20 trillion! This is more than the net worth of the world per annum! Far more. Time to talk about the ongoing banking crisis that is causing global trading messes. And is creating conditions that encourages deflationary interest rates.

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Gandhi Chased Out By Jews In Denial

The Washington Post has this 'On Religion' column that is supposed to talk about religious matters. Most often, this means some sort of story about how wonderful Judaism is and how nice it is for other religions to get along with each other and not fight over ownership of olive trees and mud huts. But when Gandhi's grandson dared to request Jews to please stop using the Holocaust as an excuse to steal and kill in the Holy Land, he was attacked and driven out of the 'Peace Institute' he led just as Jimmy Carter has been 'vanished' by the media for doing the same thing. War grows nearer as the battle heats up in Gaza.

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Sorcerer's Apprentices At Bank Societe Generale

I think the news about the French bank, Societe Generale, is just screaming with lots of interesting magical connections including a distant tie-in with the 1873 Panic. There are many strange threads tied to this bank, it has been rather disturbing to me. The young apprentice who destroyed the head magician's magic is a classic. I suspect he is not a malicious person but rather, was caught up in the gears of the Great Magic Machine at the BSG vaults and triggered an anti-money creation situation, sort of like doing one's spells backwards. This is because most of the vast wealth created out of thin air this last bubble cycle, doesn't have any existence at all, it is pure fiction. An expensive fiction, in this case!

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Wild US Spending Violates Louver Accords

Right now, the bond market seems to be busy undoing the Fed's plans to out-Japan the Japanese. Real inflation is rising, the price of oil is climbing, the dollar is dying and we continue to slide into debtor's prison. In this case, the prison was built by the US itself in a spasm of greed and battle lust. Today, we visit the old Louver Accords which followed the Plaza Accords which followed the Bretton Woods II Accords. Understanding the desire for 0% interest on loans is key to understanding the mess we are in today. 0% lending always leads to an infinite expansion of debt somewhere on the planet, money that always comes home as planetary inflation.

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Killing Savings+Boosting Spending=Bankruptcy

The Plunge Protection Team has finally openly revealed themselves. Unsurprisingly, they are the private bankers of the Federal Reserve which is neither Federal nor protects reserves. Savers, as always, are being raided in order to increase debtors and deadbeats. Believing there is a global savings glut, our government is gutting the savings of Americans to expand the 72% consumer buying economy of America. And we buy foreign goods and this increases the FOREX reserves and SWF of nations we fear or hate or think are our allies depending upon our own whims. So we want them to tell us what their plans are. HAHAHA. I know their plans but no one listens to me.

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4 Top NATO Generals Plot WWIII

Four top generals release the game plan for WWIII: the Apocalypse. They are asking NATO to completely change its rules in such a way that they can unilaterally launch a surprise attack on Russia with no feedback from the majority of NATO nations. All this, for a 'nuclear free world': we bomb anyone with nukes in order to stop nuclear war. Also, the Jews Muslims of the WarsawGaza ghetto stage a break out. The Jews who have set this up are furious, of course. Maybe they will bomb the ghetto just like the Nazis did to stop the Jewish freedom fighters in 1944? The US should join the UN in condemning Israel's brutal occupation of Palestinian lands.

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Smoke and Mirrors Fixed With More Smoke And More Mirrors

The number of people praying for free money, easy loans and endless consumption are huge. The number of people alarmed at the US lack of savings, excessive debt, tremendous public overspending and gigantic trade deficits is vanishingly small and as our economic condition deteriorates rapidly due to these very same things, the desire to fix this via inflation rises. We don't want to become Japan. Yet this is why I hammer on the topic of Japan's FAKE depression so much: if we cannot understand why the world's two top economies have this dynamic, we will be doomed to a giant economic crash when China finishes dealing with this disbalance by applying Volkernian currency discipline to both Greenspanian nations. Easy, cheap money/slow growing nations always lose to higher interest rate/growing economy nations over the course of many years.

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Bernanke Saves Japan's Export Economy

The Plunge Protection Team took out their knives and guns and attacked the entire globe's bears. This nifty trick of killing the dollar further via dropping interest rates can't go much further. But zero is still well below 3.5%. Japan is now celebrating the money schemes to get the US to buy world imports. Europe's economics commissioner makes fun of the US for not having a trade balance. I say, let's cut Europe's exports down to $0 then. See if that makes him happy. World trade to the US is doomed but everyone in power is trying their best to keep this dead duck swimming. Only the crocodile of bankruptcy is chewing off the legs of this free trade drake.
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The Lone Ranger's Silver Bullet Rate Cuts Saves Markets

The Fed performs a not unexpected rescue operation. Last night, they probably looked at world headlines and said, 'Hey, this is a global collapse, we should fix this by making global inflation much worse, drive the US deeper into debt and flood everything with red ink!' So they will and the whole world which has a trade surplus with the deep in debt US will revive this impossible trade situation and the Japanese are frantic to restart the carry trade mess which also flooded the world with red ink. This is what happens when systems are unbalanced. Time to examine past global banking/trade collapses.
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