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GK

At least Karl Rove will be missing out on the great depression while relaxing on Rosemary Beach in Florida.

http://rawstory.com/news/2008/Rosemary_Beach_Karl_Roves_next_move_0328.html
http://snipurl.com/26l5s

Check out the picture of the bird bath with the subtitle:

"An octagonal bird bath in Rove's courtyard."

Since when is the Star of David octagonal?


Karmaisking

This is all going to blow up so quickly and so shockingly it will make your head spin - if you still have one.

Once people start moving to the exit doors and selling US Treasuries like Argentinian bonds, it IMMEDIATELY turns into a stampede. There are very complex financial equations on currency and bond collapses and they all point in the same direction: The turning point is sudden and catastrophic.

Karma is cruel and has a vicious sense and humor. And no mercy. None. If you are in the US right now, get your money into Swiss francs or Canadian dollars. Crazy Ben clearly wants to kill the dollar and the American middle class.

Weimar Republic anyone?

Blunt Force Trauma

"This stupid, ridiculous hand out designed to keep people spending: it is insane. It is stupid."

So is this article by Bloomberg that states the contrary; I think. It's so hard to read. Especially it's opening sentence:

U.S. Consumer Spending Increased 0.4 Percent in March

http://www.bloomberg.com/apps/news?pid=20601087&sid=aAhPamWyYdSg&refer=home

Oh, yes. Loved the 'Spaceballs' clip. Highly under-rated movie :)

Anthony

"Once people start moving to the exit doors and selling US Treasuries like Argentinian bonds, it IMMEDIATELY turns into a stampede. There are very complex financial equations on currency and bond collapses and they all point in the same direction: The turning point is sudden and catastrophic. Posted by: Karmaisking | May 01, 2008 at 01:53 AM "

I am trying to imagine various catastrophic scenarios.

Obviously private holding alone won't do. Cause treasury and market operation can counter it. But if several central bank are dumping it, followed by a group of smaller central banks. I don't think we will survive.

The Asian Bellagio is quite secretive. I can't find a think about their action, yet the hold the biggest US debt. So they play the biggest role for sure.

At this moment, I think most long term private transaction start to move away from dollar. just in case. Sort of slowly boiling a frog.

Anthony

Headline news are now going straight to basic. No more fancy talk about big abstract idea. The crisis is now about to reach average joe.

--------------

Housing prices post record declines
Las Vegas, Miami and Phoenix all saw prices plummet by at least 20%. And so far, there is no sign of a bottom.
http://money.cnn.com/2008/04/29/real_estate/housing_price_fall_deepens/?postversion=2008042912

Layoffs jump to 19-month high in April
http://www.marketwatch.com/news/story/layoffs-jump-19-month-high-april/story.aspx?guid=%7B91D3523F-A0FA-4361-A9FA-86E6152B7C72%7D

Anthony

Headline news are now going straight to basic. No more fancy talk about big abstract idea. The crisis is now about to reach average joe.

--------------

Housing prices post record declines
Las Vegas, Miami and Phoenix all saw prices plummet by at least 20%. And so far, there is no sign of a bottom.
http://money.cnn.com/2008/04/29/real_estate/housing_price_fall_deepens/?postversion=2008042912

Layoffs jump to 19-month high in April
http://www.marketwatch.com/news/story/layoffs-jump-19-month-high-april/story.aspx?guid=%7B91D3523F-A0FA-4361-A9FA-86E6152B7C72%7D

Anthony

I was trying to get some information about what the Asian central bankers are planning to do in the event of dollar armageddon

http://209.85.207.104/search?q=cache:7sb9iG-NSbUJ:www.adb.org/annualmeeting/2005/Speeches/govs/am2005-tap.pdf+Asian+Bellagio+Group&hl=en&ct=clnk&cd=7&gl=us
http://www.adb.org/annualmeeting/2005/Speeches/govs/am2005-tap.pdf

Regional currencies, beginning from the fourth quarter of last year, have surged against the
US dollar due to large short-term capital inflows. Exchange rates become more volatile than
can be explained by fundamentals, destabilizing the economies. To deal with excessive
volatility, a number of Asian countries formed the Asian Bellagio Group. I suggest that we push this idea further and set up a formal regional exchange-rate coordination mechanism
through which stable currency relationships can be established.
The idea of exchange rate coordination deserves our attention. Since the 1990s,
intraregional trade and investment in Asia have been expanding. An effective exchange rate coordination mechanism not only contributes to regional economic stability but also further promotes trade and investment by bringing down transaction costs and uncertainties
associated with exchange rate fluctuations.

The Asian Bellagio Group, the Chiang Mai Initiative (CMI) and the Asian Bond Fund (ABF),
among others that emerged after the outbreak of the Asian financial crisis, have contributed
significantly to regional financial stability. Yet, more can be done. I believe that Asian
countries should engage in broader and more frequent formal policy dialogues and
information exchange. The CMI can be consolidated to create a single multilateral swap
mechanism across Asia with the Bank at the center to serve as the primary intermediary.
This will pave the way for the Asian Monetary Fund. The ABF helps promote the Asian bond
market. The sound development of this market can mitigate the double mismatch problem
such as the one we had during the Asian financial crisis, but should be firmly based on
domestic bond market reforms. Otherwise, Asian bonds are likely to be limited to
denominations of only a few key currencies in Asia

Anthony

Yeah, what holding current dollar from massive collapse is the Asian central bank. (There is no way an economy can run like what we do without the currency value dropping like rock. Somebody is absorbing all the excess money.)

http://findarticles.com/p/articles/mi_m0JZS/is_7_21/ai_n25107009

Days later, reported Bloomberg financial columnist William Pesek, Jr. on March 2, officials from Asian central banks convened in Bangkok "to discuss the dollar's slide." The infant banking cartel, which calls itself "The Asian Bellagio Group," is "a formidable crowd, considering it holds well over $1.1 trillion of U.S. Treasuries." Although the meeting "didn't mark a coordinated effort to abandon the dollar," it did demonstrate that "Asia is getting fed up with its reliance on the dollar."

"It's increasingly dawning on Asian consumers that their governments are funding the U.S.'s way of life," noted Pesek. "Capital flowing from East to West reduces incentives for the U.S. to tackle its worsening current account and budget deficits." Should Asian bankers start dumping their dollar-denominated Treasury notes, it would "cause chaos in the U.S. economy as the dollar plunges."

Paul S

This post makes me ask: What are our supposed "leaders" saying about this mess in private? Do they REALLY think they can finesse their way out of this mess with the Chinese? Looks to me like the Chinese are getting ready to tee it up and play some hardball with the US. "Dubaya" will be out office when this happens so of course HE didn't cause this mess. AND we might be getting an 18.4 cents.gallon 'tax' break on gas this summer. Take THAT you Chinese bankers. In the US of A, our economic troubles are over. Question: what does everybody think is being said--behind closed doors--about this problem? Are they living in fantasyland and think they can talk their way out of this mess with the Chinese? Or don't they give a rat's A? Just dump everything on the taxpayer? Meanwhile in re to Iran, the Chairman of the JCS says that we can battle Iran. The drumbeat for war with Iran is beating louder. My question to that is, hasn't Haliburton made enough obscene profits on the latest war? I guess they don't thik so.

cigar

Off topoic,but,Elaine you said you speed read.Where did you learn to do this and can you recomend a program?

Crimson Ghost

Talk about fleecing the lambs why don't the huge number of Americans (many of them seniors) suffering from the Fed's ultra low interest rates ever protest and make this a political issue.

The nation's savers are TOTALLY off the radar screen of the GOP and Democratic powers that be except for Ron Paul. This will remain the case until they finally decide to organize and act.

Elaine Meinel Supkis

I had, for a typing teacher, the winner of the National Secretary Speed Typing contest winner. I needed to learn how to do this and hired her. Boy, she was FAST as hell, a lot faster than I.

Then the speed reading: this is a native talent. I began reading at about 2 years old and simply read faster and faster. Then, in high school, I figured out this system of 'full page scanning' whereby you note all the LARGE words and ignore most of the small ones. Where the large ones are in relation to each other are 'groups' that can get a double focus.

Blink. Blink. Then you know what is there! But when reading things that are totally new and are trying to explain a new process, only super-slow reading is good. When I read the news, I scan it. When I read philosophy, I digest it very slowly. Numbers require intense concentration.

About the news today: I was gone all day! But will try to catch up.

The usual crap, of course. Except one thing: IRAN KITTY WON ANOTHER BATTLE! And thank god!

The price of gasoline will now drop if the US dictators shut the hell up.

kenogami

According to the Shadow governement statistics, the real inflation rate in the USA is around 12%, and probably now higher due to the recent sharp increase
in the price of oil and food.

http://www.shadowstats.com/alternate_data

Elaine Meinel Supkis

Yup. I can't even drive my diesel truck anymore.

GK

DIESEL PRICES:
Amazing how truckers protest diesel prices and longshoreman are now protesting the war.

I think this must be why they want the big freeway from Mexico to Canada. Bring ships into Mexico, and use Mexican truck drives to move the goods to Walmart.

Break 2 unions for the price of one and keep the flood of Chinese Crap Coming.

Everyone else seems to be asleep.

http://www.reuters.com/article/domesticNews/idUSN0144367220080501?feedType=RSS&feedName=domesticNews&rpc=22&sp=true

LOS ANGELES (Reuters) - All 29 U.S. West Coast ports were at a standstill on Thursday because of a stoppage by longshore workers, a Pacific Maritime Association spokesman said.

“We are hearing there is no activity taking place up and down the West Coast,” spokesman Steve Getzug told Reuters. The Pacific Maritime Association represents all 29 ports on the U.S. West Coast from San Diego to Washington. “There is no unloading or loading,” Getzug said.

(Reporting by Jill Serjeant; Editing by Marguerita Choy)

Elaine Meinel Supkis

My ex husband in NYC was a member of the Longshoremen's union. I actually wrote stories of their strikes during the seventies.

YES, it is taking FOREVER for the truckers and the shoremen to wake up! I warned them! But they thought the GOP was going to give them Santa Claus goodies.

Anthony

gas price start to hit consumer buying pattern. Detroit is going to go down like in the 80's again.

http://www.nytimes.com/2008/05/02/business/02auto.html?_r=1&hp&oref=slogin

In another first, fuel-sipping four-cylinder engines surpassed six-cylinder models in popularity in April.

“It’s easily the most dramatic segment shift I have witnessed in the market in my 31 years here,” said George Pipas, chief sales analyst for the Ford Motor Company.

The trend toward smaller and lighter vehicles with better mileage is a blow to Detroit automakers, which offer fewer such models than Asian carmakers like Toyota and Honda. Moreover, the decline of S.U.V.’s and pickups has curtailed the biggest source of profits for General Motors, Ford and Chrysler.

Once considered an unattractive and cheap alternative to large cars and S.U.V.’s, compacts have become the new star of the showroom at a time when overall industry sales are falling.

Sales of Toyota’s subcompact Yaris increased 46 percent, and Honda’s tiny Fit had a record month. Ford’s compact Focus model jumped 32 percent in April from a year earlier. All those models are rated at more than 30 miles per gallon for highway driving.

Elaine Meinel Supkis

Correct, Anthony.

PLovering

Before containers showed up, my firm hired longshoremen from Portland, ME to Newport News, VA to test bulk and general cargo. We worked Port of Albany too, Elaine. We could fire any union longshoreman or trucker who didn't feel like working, too, and the union backed us up. Good wages and productivity was the order of the day. It worked out well for everybody.

In 1715, England was described as a necklace of seaports surrounding poverty.

Just saying.

Elaine Meinel Supkis

Did you use Hellenic Lines? My husband was staff for that now defunct shipping company.

Yes, I remember the pre-container systems. I remember the first deep sea port in New Jersey. This is part of the business of the Port Authority and was connected to the World Trade Center business.

PLovering

The firm worked for domestic importers and exporters insuring cargos met specifications. We had little contact with shipping companies.

I may have mentioned that one of my Lovering ancestors helped off-load some tea in Boston Harbor. Salty family.

Elaine Meinel Supkis

Ah, I see. So, you have a longshoreIndian ancestor.

PLovering

Yep. That works for me.

Paul S

In the last week it was reported that for the first time, Toyota had surpassed GM in terms of sales. Toyota is the #1 automaker now. GM's response? They blame their problems on declining SUV sales. Well no kidding Sherlock? With gas only at $3.60/gallon, I don't see why that would be. GM is going to flush down the toilet claiming it was the evil UAW which ruined GM. Then there is GE, the biggest toxic waste polluter in the US of A (see Hudson River for starters). GE was once a huge manufacturing company, but has transformed itself into a mainly services company. I bet that behind closed doors, the Japanese and Chinese can't stop laughing at our corporate "managers".

Elaine Meinel Supkis

And the money GE was managing has managed to go down the toilet this year, too.

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RobertIV

Everybody heard rumours about women faking orgasms. Is that true? The majority of women have faked at least undivided orgasm, so far some feign not quite all of them. Why do they do that? There are profuse reasons and the invalid is that there's no a given to blame.
The most workaday are two reasons: they don't fancy to transmute their partners fondle bad or they are fagged out and just want to limit sex. Most females imply that their partners are not satisfied until the girls feels orgasm, there's solitary joke manner to think them judge happy and a halt the enervating approach - fake.
Another perspicacity is that a regular female doesn't go for orgasm; she desires a libidinous relationship only because she wants intimacy. Quiet, such an attitude may make her partner sense bad. The only on the move out is to forged it out.
Some women not at all really feel orgasm while making copulation, but they need their mate to finger righteous almost himself and her. Men most of the time imagine women to bear pleasure, that's why females have no other choice. They contain to fake to prepare a good relationship.
Disadvantage of interest, having sex just because the confederate wants to, also makes women to fake. Most females talk to their friends around such things and while they recollect other women act it, they do so too, because it's an easier temperament to have a good relationship.
When a check tries exceedingly wearying, again still too severe to urge his partner have an orgasm, the little woman generally speaking finds it more to counterfeit it than to deceive her fellow every now again. They unease spurning if a man wouldn't catch on to her, they don't desire to embarrass men because the deficiency of an orgasm is in actuality not their fault.
Some women may deliver salubriousness problems. If, while experiencing she becomes too emotional and wants to stop, she fakes an orgasm in order to stop and relax. Orgasm may also genesis discomfort and pain; that's a serious unruly and she can't be blamed in behalf of faking. In such cases, most women pick and from orgasm more during lonesome masturbation. Although they fondle superior while having orgasm themselves, they want to cause their friend manipulate sensible too, so they sketch an orgasm out.
A female orgasm can be most comfortably faked nearby a obedient actress. There are scarcely any options: gripping something tightly; moaning loudly; breathing deeply; burying despite into something (pillow); doing kegels or anything else at least remotely radical or climatic.
What to do if you notion of your cohort is faking? Talk more it. Dialect mayhap she knows some express position or remedy that would favour her happy. Don't get angry if she admits faking. Hear to solve the muddle, but don't capture too distance off, don't try too granite-like because it may grow an wearying activity rather than an turn of love.
Women act and men can do nothing hither it; and possibly they shouldn't? Stab to find short the genuine reasons of faking and discus tenable ways out. Don't reproach your partner seeking it; it's logical for women to do so from beat to time. Explain her your passion, liking and venture to accept her. ...

supra vaiders

Good stuff as per usual, thanks. I do hope this kind of thing gets more exposure.

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