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Blunt Force Trauma

"Some readers here have suggested I not talk about the elections because it conflicts with dearly held beliefs."

That's just ridiculous. As though it were some sort of religion and your opinion may sway them or their need or desire to sway others.

Simple rule: if they don't agree with the content, then they shouldn't read it. It's like watching a TV show or listening to the radio. Turn it off. When did people become so helpless in their decisions?

Buffalo Ken

yeah blunt force trauma, i agree with you.

K

Way off topic...

Elaine,
I saw a bit on the MSM today about a spike in teen pregnancy and couldn't help but speculate that it might be related to soaring gas prices. Maybe a bit of a stretch but my DH who grew up in a tiny town said the only thing to do their was drink and screw. Can you recall anything about a historic relationship between $$$s and teen pregnancy? I'm just wondering if teens are turning to cheap entertainment, since the job market is tight, and maybe going to the mall/movies/restaurant isn't happening as much.

Canuck

Canada set to “nip in the bud” alternative monetary transactions or is this setting the stage for precious metals confiscation?

“Starting later this year, Canadian dealers of precious metals and stones - both real and digital - must register with the government.”

http://tinyurl.com/4wqqq6

The next attack on gold has begun

http://tinyurl.com/5tdz5z


Elaine Meinel Supkis

Just me grousing, everyone. Sorry about that. Will try to avoid this.

Sex is cheap thrills. The teen pregnancies are simple: no money for contraceptives and abortions. Period.

About the registration process: THANK YOU, CANUCK! Here it is, everyone! I said this would happen! They want to know what we are hoarding so they can seize it.

greg

I do notice that you have placed your own image in the sphynx's mirror

:)

hakan with the reindeer

Whoaa... look at this:
http://www.dallasfed.org/news/speeches/fisher/2008/fs080528.cfm

"Richard W. Fisher
Storms on the Horizon
Remarks before the Commonwealth Club of California
San Francisco, California
May 28, 2008

We know from centuries of evidence in countless economies, from ancient Rome to today’s Zimbabwe, that running the printing press to pay off today’s bills leads to much worse problems later on. The inflation that results from the flood of money into the economy turns out to be far worse than the fiscal pain those countries hoped to avoid."

He seems to have read your blog Elaine :-)

blues

Uh Oh. Magic number day.

Elaine Meinel Supkis

Yes, Hakan. I am certainly not the only one aware of the dangers.

Yes, blues. Heh.

Royal Dutch

About the registration process: THANK YOU, CANUCK! Here it is, everyone! I said this would happen! They want to know what we are hoarding so they can seize it.

They will not have to seize it, people will give it to them willingly, like many Mr. Chamberlains, once in the desert Moses called for a division as the people fled Egypt.

calvino

Fisher has voted twice against the bearded clam and his lackey boy Mishkin (good riddance) eating soiled toilet paper at the bottom of the CDO pool. The filthy clam has destroyed half of the equity of the Fed. One more shit eating expedition, and there will be no balance sheit left to swap for CDO's.

Elaine Meinel Supkis

Yes, I was too tired last night to finish the story about the latest resignation in the Fed. Will have a LOT to say about that and the 'registration' stuff. Strange things are afoot.

Paul S

I would like to respectfully disagree with those who think we should ignore content to which one doesn't agree. I believe it helps to know what one's adversaries are saying and thinking. Example: I--in short bursts--will listen to slimy, corporate, phony sleazeballs like Limbaugh and Hannity. And I have to admit, I THOROUGHLY enjoyed myself yesterday listening to them try to smear Scott McClellan and his tell all book, "What Happened". Rats who can't stand the light of day. I knew it all along. HAHA I sincerely hope rumors that their ratings are plummeting are true.

Elaine Meinel Supkis

They are paid to spout the Party Line. When there is a punch bowl out and Santa Claus is handing out toys, people believe the elves like those two guys.

Then, when the punch turns out to be poison and Santa becomes Satan, the audience flees for their lives.


As for listening to me: all my life, people have run the other way. HAHAHA. Off the cliff, if that is the only exit. I don't mind this at all.

We make our own choices!

Another thing: looks like most of the Federal reserve chairs are going or gone and NONE are being filled. Until Volcker takes over. The expectation is, he will run the show again and will strangle inflation the same way he did back in the Carter years. Most people hate this, of course. They want Santa.

Chris Q.

Elaine has got the gate and we've been hanging about the back door again. Another garden on Monday.

Paul S

The talk fascists were singing a different tune when the Clinton tell-all books came out. These guys are shameless.

Elaine Meinel Supkis

Yes, they are all paid by people who have an interest in running the US for their own nefarious ends.

GK

Elaine, heard any gossip about when the Derivative market is planned to blow?

http://georgewashington2.blogspot.com/2008/06/derivatives-market-is-unwinding.html

The Derivatives Market is Unwinding!

A couple of months ago, a financial analyst who sells derivatives told me that fears about a meltdown in the derivatives market were unfounded.

Yesterday, he told me - with a very worried look - "THE DERIVATIVES MARKET IS UNWINDING!"

What does this mean? What are derivatives and why should you care if the market is unwinding?

Well, it turns out that the reason that Bear Stearns was about to go belly-up before JP Morgan bought it is that it had held trillions of dollars in derivatives, which were about to go south. (The reason that JP Morgan was so eager to buy Bear Stearns is that it was on the other side of these derivative contracts -- if Bear Stearns had gone under, JP Morgan would have taken a huge hit. But the way the derivative agreements were drafted, a purchase by JP Morgan canceled the derivative contracts, so that JP Morgan didn't experience huge losses. That is probably why the Fed was so eager to broker - and fund - the shotgun marriage. JP Morgan is a much larger player, and if Bear's failure had caused the derivatives hit to JP Morgan, it probably would have rippled out to the whole financial system and potentially caused an instant depression).

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