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Blunt Force Trauma

Some owners deserting factories in China (LA Times)

'Government statistics show that 67,000 factories of various sizes were shuttered in China in the first half of the year, said Cao Jianhai, an industrial economics researcher at the Chinese Academy of Social Sciences. By year's end, he said, more than 100,000 plants will have closed.'

Full article:


Blunt Force Trauma

China May Provide Funds to Support IMF's Bailout Efforts (ChinaStakes)

'China will probably announce a plan to inject funds into the International Monetary Fund (IMF) at the G20 summit meeting, to be held in Washington on November 15.'

Full article:


ziff house

Still , the question? most of the beast is supposedly benign interest 'swaps'

Blunt Force Trauma

More from the Front Lines of the Financial Crisis (Stephen Lendman)


Blunt Force Trauma

Kunstler said, in his latest blog entry: "The idea behind it, my paranoid fugue goes, is to jack up the stock market enough around election day to give the dimmer members of the voting public the idea that the financial fiasco is over and happy days are here again."

I agree that this is happening as the DOW has risen from 8400-ish last week to the current 9300. The week prior to last, the DOW had a 'maiacl' day when it shot up 890 points. Nothing like a good stroking (foreplay) before the final act of decimation. Just wait until next year.

Blunt Force Trauma

Holy type-o. That should have read; had a 'magical' day....


Elaine (or anyone else) -

I have a question for you on the 0% "Japanese carry trade."

First let me share my basic understanding -

My understanding is that any fiat money system must maintain at least a minimum amount of liquidity growth - in order to fund ongoing interest payments. For example, if the interest on our national debt is around $500 billion, then at lest $500 billion of liquidity must be added the system.

The amount of interest compounds, thus the interest required liquidity grows exponentially - it simply cannot be sustained indefinitely. The system simply must fail.

Ok, now my question -

Is a 0% interest rate eventually required in order to stave off or eliminate a system collapse?


Is there a formula or charts for the required annual interest liquidity injection (not sure of the terminology)?

Elaine Meinel Supkis

0% is a paradoxical business.

Being nothing, a hole, or maybe a volcano's center, it allows more and more debts to be piled high.

BUT THESE MUST BE RENEWED! They have to be turned over. So if the rates rise to even 1%, this triggers a collapse. We saw this with the stupid ARM loans and sub prime stuff. The instant rates went up, the owners of the debts went belly up. Fast.

Elaine Meinel Supkis

About the factories in China: these things were polluting the water, soil and air. They were churning out mostly junk. The communists didn't like this so they are deliberately bankrupting them. This is the way our own government operates, by the way.

Elaine Meinel Supkis

About those goofy and dangerous interest rates swaps: if all the top nations go to 0%, this market becomes sort of moot, doesn't it? No interest, no interest rate swap games, I guess.


Blunt Force Trauma

Elaine said: "About the factories in China: these things were polluting the water, soil and air."

"Were"? You're being an optimist. Now that the factories are closing or closed, the damage has been done and long after those factories are gone, their damage to the environment will go on. Think: Love Canal.

Blunt Force Trauma

Speaking of pollution....

'China now produces about two-thirds of all aspirin and is poised to become the world’s sole global supplier in the not-too-distant future. But are the Chinese factories safe? Who knows? The U.S. Food and Drug Administration, the European Medicines Agency and other competent government regulators rarely, if ever, inspect them.'

Reading this article may have you thinking afterwards about what you are actually 'popping'.


ziff house

Elaine thanks for your answer.
Here is an article the makes very clear the sense of US triumplism with its now nearly universal dollar hegemony.



"Shimon Peres to be knighted by Queen Elizabeth"

"Israeli media reported this week that the Israeli Embassy in London and Buckingham Palace are close to an agreement on having Queen Elizabeth confer honorary knighthood on Israeli President Shimon Peres when he visits the UK next month."


Zionism at the heart of the crown?


ziff house -

Amazing, the Fed and the US Treasury seem to be winning even though they are both broke.

Prophetic Videos:

1961 - Global environmental threat used by NWO?



"Environ-Mentalism: A New Religion for a New Age"

"The Club of Rome" & NWO plans for de-population



Anyone have any ideas who convinced the Japs to Nuke our country with Yen Debt bomb?


"In 2002 Rockefeller authored his autobiography “Memoirs” wherein, on page 405," Mr. Rockefeller writes: “For more than a century ideological extremists at either end of the political spectrum have seized upon well-publicized incidents such as my encounter with Castro to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as "internationalists" and of conspiring with others around the world to build a more integrated global political and economic structure - one world, if you will. If that's the charge, I stand guilty, and I am proud of it."

Rockefeller maintains that, although Bilderberg's role is not to resolve disputes, because of the wide-ranging experience of the various attendees participants are 'free to report on what they have heard' to their respective heads of government.[37]

It was a dissatisfaction with the failure of this group to include Japan that subsequently led to him forming the Trilateral Commission (TC) in July 1973, influenced by, among others, Zbigniew Brzezinski, the National Security Advisor under Carter and the author of Between Two Ages: America's Role in the Technetronic Era, published in 1970. They discussed forming the organization at a Bilderberg Group meeting in Belgium in 1972; Brzezinski subsequently became the inaugural United States director. The Commission also launched its own magazine, the Trialogue.

It held the founding session of its Executive Committee in Tokyo in October, 1973. In May 1975, the first plenary meeting of all of the Commission's regional groups – North America, Europe and Japan, comprising some 300 members – took place in Kyoto. In its Third Annual Report, released in mid-1976, the Commission noted that there was a "noticeably increased emphasis on trilateral ties as the cornerstone of American foreign policy".[38]

Elaine Meinel Supkis

Correct, GK. But then, why was that?


The US needed 'allies' to oppose communists. Then Nixon went and kissed Mao. One of the funniest moments in history. Certainly on par with the Hitler/Stalin pact.


thot u or your readers might enjoy this fairly old audio clip on carry trade:


Blunt Force Trauma

U.S. Auto Sales Fall 32% to Lowest Total in 17 Years (Bloomberg)

``If you adjust for population growth, it's the worst sales month in the post-World War II era'' for the industry, said Mike DiGiovanni, GM's chief sales analyst, on a conference call. ``Clearly we're in a dire situation.''

Bye, bye GM. You won't see 2010.

Full article:


U.S. Economy: Factory Index Declines to 26-Year Low (Bloomberg)

'Manufacturing in the U.S. contracted in October at the fastest pace in 26 years as a record share of banks made it tougher to get loans and faltering economies abroad eroded prospects for American exports.'

Manufacturing? There's manufacturing? of what?

Full article:


Blunt Force Trauma

Blue Mountain Freezes $3.1 Billion Credit Hedge Fund (Bloomberg)

Don't know who these guys are (except gnomes), but they don't want YOU to have YOUR money.

'Blue Mountain Capital Management LLC froze its largest hedge fund after clients asked to pull a ``meaningful percentage'' of their money even as it outperformed the industry average by almost 10-fold this year.'

Full article:


Bailout List Could Top 1,800 (MoneyNews)

That is a lot of money squanderers and top executive payouts.


Impatient Patriot

Elane what did you do to your fingers?
Your a rehaber/remodeler, amongst many other?

If you were to describe the carry trade dilemma in steps/numbered what notational would you give it?

Blunt Force Trauma

In these economic hard times, divided we fall (Globe and Mail)

'All the regions of the country are vulnerable in this downturn. The Canadian economy, taken as a whole, is diversified. But we have a lot of one-industry provinces: forestry in British Columbia, autos in Ontario, oil and gas in Alberta and, increasingly, Saskatchewan. When all these industries face a downturn at the same time, sharing risk becomes a bigger challenge.'

Things are not so 'rosy' in my country of Canada either.

Full article:


Elaine Meinel Supkis

Impatient: I built my house and am still building it. I made some new deck/balconies so I can reach all parts of the house without using a ladder [I am getting rather on the years, long in tooth] when I banged my hand on something very, very sharp.

Bled all over the place. Had to wear a big, fat bandage. Couldn't speed type like normal. Heh. Very annoying. Now, the bandage is gone but the wound itches. Annoying as hell!

But I can live with it.

Blunt Force Trauma

The US braces for next crisis: Credit cards (domain-b)

'The defaults that started with the sub-prime loans crisis in the US leading to a global $7.7-trillion loss in stock market value since October, are now showing signs of moving into the US credit card industry that will hit the balace sheets of the card issuing banks.'

Full article:


MasterCard Incorporated Reports Third-Quarter 2008 Financial Results (MarketWatch)

"We are very pleased with our third-quarter performance and our ability to deliver strong financial results given the declining global economy," said Robert W. Selander, MasterCard president and chief executive officer. "At a time of unprecedented economic challenges, consumers, businesses, and governments around the world have continued to migrate toward various forms of electronic payments."

Full article:



Elaine, thank you very much for the musical tip about Yma Sumac. What a voice! "When asked recently how she would like to be remembered, Sumac said: 'That I made good music and brought happiness to people's hearts.' " Words to live by.

ziff house

this comment from Denningers, the further deindustrialization of america, Boeing, amazing;


I have been wondering why the Bush/Rove bull**** news generating engine has been so quiet these last few days, just some regular lame dirt a 5th grader could invent.

Then it dawned on me that the real silent Coup D'Etat comes on 11/15/08 G20 summit when the US is thrown to the Global Banking Predators.

I added some translation from Globalist Prick Soothing Babble-Speak to human language.


PARIS, Oct. 31, 2008 (Nouvelle Soldarite) — In a lengthy interview in Le Monde datelined today, the IMF's Managing Director Dominique Strauss-Kahn, a new Bretton Woods "skeptic," gave some hints about his proposals for the upcoming November 15, Washington G20 summit. DSK will propose a new plan for "world governance" baptized "Global Regulation Strategy," openly inspired by Gordon Brown's and Ambrose Evans-Pritchards' latest schemes, diabolically called for to "avoid allowing bubbles to destroy the real economy."

The plan desperately aims at saving the dead system by 1) Installing a new lending mechanism to relieve nations from acute liquidity problems;

GK: How about INFINITE money creation of SDR's? HAHA! George Soros' dream.

2) Increasing the IMF's resources to keep doing so—"that is what Gordon Brown is proposing";

GK: How about a GLOBAL TAX on all nations funneled to the IMF? Globalist wet dream.

3) Learn the lessons "of those economic policies that have led to these 'bubbles' that are repeated and whose bursting destroys the real economy: that is the mission which was given to us, some days ago, by the 185 members of the IMF;

GK: Must be nations having sovereign control over their constitution that caused the problem. Life would be so wonderful if we bowed before a WORLD CONGRESS!

4) Monitor the application of the new rules elaborated by the IMF using the Financial Stability Forum which is comprised, essentially, of the major central banks;

GK: Everything would be just dandy if we had a GLOBAL CENTRAL BANK!

5) "Help to rethink the world system more coherently, inasmuch as the more simple it is, the more efficient it will be because it will be more coordinated.... Beyond its role as a fireman and a mason, the IMF can also play, for a while, the role of an architect."



Hooray! The Reserve Bank of Australia cut interest rates 0.75% today... following a 1% cut a month ago. Yes, they're down from 7% to 5.25% in the space of 4 weeks.

As someone with some savings (admittedly not a lot) and no debts, I am of course overjoyed at this news, especially the analysts predicting rates could be cut another 2% by Christmas (that would be a meagre 3.25%, for those not keeping score). Finally, we'll soon be able to get back to that giant orgy of debt we knew and loved!

And as if that wasn't enough, some "retailer's association" is out urging people to borrow-and-spend, as if more debt is just what the doctor ordered for a country of 21 million with a foreign debt exceeding $1 trillion, and whose households average 160% debt-to-income.


Hi Elaine, any plans for election day discussion of ancient Egyptian symbology? ;-)


Be that as it may, both John "Oannes" McCain and Barack "Blessed" Obama were at Ground Zero for the seventh anniversary of that horrible day. Here they tossed roses- an ancient fertility symbol- into a reflecting pool, a symbol of the womb. Remember also that September 11 is New Year's Day in the Coptic (that is to say, native Egyptian) calendar, and that technically 2001 was the first year of the new millennium.

Elaine Meinel Supkis

We are always surrounded by ancient symbols and systems. The entire human culture is based on past constructs of various sorts. It is fun to see intersections of all these things.

Tossing things into pools of water is what cultures that don't have nearby volcanoes do. Or in the case of some cultures that have both deep pools AND volcanoes, they do both with gusto. Archeologists prefer the watery grave method of worship because it doesn't destroy everything.

Anything tossed into a volcano is melted or incinerated. Sort of like money tossed to the Derivatives Beast. heh.

Paul S

The CEO at Boeing, Jim McNerney, was a disciple of Jack Welch when Jimmy Mac was at GE. It must KILL McNerney to have to deal with the Union. American management seems to be almost pathological in its hatred of ANY organized Labor. As far as Boeing moving out of the US completely, that is a trump card Boeing management FULLY intends to play regardless. Same attitude with Bill Gates at Microsoft, although Gates prefers to import his cheap labor here rather than move his operation to outside the US. Anyways, let's strip Boeing of their defense contracts. Make them compete head to head against Airbus with NO sugar from good ol' Uncle Sammy! Let's find out how much Boeing truly loves the free market. Boeing already pisses and moans about the government subsidies for Airbus, but hey, Jack Welch says governemnt is the problem, not the solution. Let's see Neutron Jack's business model in action, unencumbered by government regs.


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