Culture of Life News

US Energy Consumption And Importation Continues To Climb

Bernanke believes that inflation is imaginary and emotional and not caused by food or energy rising in cost as the dollar collapses. The US is still in full denial about energy costs and the need to retrofit our culture so it is energy efficient. Renewable fuels gets lots of lip service but is still only 2% of our energy needs and our energy needs are the biggest on earth even as we import more and more energy.
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ABX.HE Funds Falling Faster Than Souffle In Earthquake

The collapse is gathering speed. And the creation of stupid schemes to 'hedge risk' meant that we have a zillion dumb funds to follow. I feel like Hansel and Gretel, following bread crumb trails in the dark forest. Today's trail of crumbs is a totally new sort of 'product', a way of spreading risk, of betting on the future by fools: ABX-HE funds. These are one of the bizarre homes for 'tranches,' those little low-moral tramps who are all risky home mortgages handed out like candies by the Witch in the Gingerbread House. And the crumbs lead to her cooking pot where she, a cannibal, eats investors! Cackle, hee hee hee.
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Chaos Is Spreading From US Real Estate Collapse

After the Treasury, the Federal Reseve and nearly all of the mainstream business news media all assured investors that the housing market collapse would not have any effect on stocks and bonds at all, the collapse has a gigantic effect on all things financial. The soft landing our rulers wished for is going to be a classic hard landing. And the schemes of the Japanese rulers to enforce a depression upon Japan's masses while the upper classes cut lose and gain tremendous wealth and global power is backfiring badly as a surging mass of Chinese workers threaten the balance of economic power in Asia as well as the planet. World stock markets are increasingly in a panic as they beg the rulers to again, reassure them.
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Examining the Bank of Japan's 2007 Financial Report

Understanding the economic news is much easier if one reads all the official government reports. So the other day, between thunderstorms and violent winds, I got online and searched for the Bank of Japan's yearly reports and finally found it! Hahaha! And boy, was it educational. So today, we get a long look at the other side of the pond: Japan's odd relationship with the rest of the world's economic systems. There is a lot of things rapidly becoming unhinged because of the bizarre relationship Japan has with the US economic system. Banking statistics from the BofJ prove my contention that Japan's government is dealing with inflation by crushing consumers, crushing workers and utterly crushing anything going on in Japan that might involve importing stuff, anything at all.
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Bernanke Lies About Inflation And Oil Yet Again

Bernanke decided to defend his definition of 'inflation' that leaves out energy and food. He then pats himself of his scaly back and flaps his leathery wings and wipes the blood off his claws to gleefully say, energy and food have NO effect on inflation! Well, you dimwit, if you exclude them from the calculations, then of course, they don't show up! DUH. But they show up in the real world. I see it in my own bills and it is now so bad with oil heading to an astonishing 80$ a barrel, um, it is killing the economy and other prices are dropping because this is nasty old seventies' style 'stagflation.' And I am not talking about balloons at bachelor parties.
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Free Trade Failure Obvious To All And Sundry

The greatest horror in economic matters is how everyone who has been creating and enabling this big mess to evolve know perfectly well, what is going on. The very biggest economist in America, Milton Friedman, talks about how 'rich' we now are thanks to his magical, marvelous teachings. And our own government released an economic report that is chock-full of dire, terrible numbers, the critical negative numbers in regards to trade and spending are shocking and show an obvious failure on all fronts, a failure to perform, to control our borders, to prepare for the future. This month's trade news is shows clearly that the system is continuing to break down in dangerous ways.
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US Spending Up 9% ---All Debts, Not Income Increases

Everyone in the stock market is celebrating the increase in spending by consumers in America. Especially Japanese industrialists. But Sony had to cut the price of their video game system and an US business selling Disney stuff to little girls is losing money because mommy is spending it on...gasoline. Purchases on credit cards went up tremendously in one month. Meanwhile, in Japan, the government and the Bank of Japan has so crushed consumer spending, most credit lenders for the working class there are going out of business. What a suprize, eh? And yet another hedge fund hell hound howls and keels over dead and leaves virtually no meat on its carcass for vultures.
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US Losing War On Terror Due To US Terror

The struggle for international dominance meets the struggle to control important commodity markets joins with the need to control energy production and all this is tied in with the conflicts and battle for dominance within capitalism coupled with nationalism. The New World Order is all about the old European Empires plus the newer Japanese Co-prosperity Sphere riding on the back of the dying US empire which foots the bill for all the military parts of this struggle for dominance. As always, the push to control the planet that caused WWI and WWII continues. Pakistan is a key country for the Islamic counterrevolutionaries. It has nukes. And Al Qaeda threatens Iran's Shi'ites.
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Japan Is Between A Rock And A Hard Political Choice

Since most major economic blogs and news services in the US tends to ignore Japan, I have decided to cover this sector much more thoroughly than say, Europe. This is so I can fill a very important hole in our perceptions. Sometimes, I feel like I am swinging a dead cat here but whenever I peruse the mainstream news media and a variety of economic blogs, my fury is renewed and I refocus on Japan. Here is a collection of the last four days of news from there, all of which is very relevant for us to know.
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Analyzing the Bureau Of Economic Analysis Report For 2007

I have read a number of articles discussing the June 29th report on our financial welfare, 'The Bureau of Economic Analysis--National Economic Accounts of Personal Income And Outlays.' Created by those mysterious and anonymous government staticians deep inside cubicles in Washington, DC., it is filled with lots of numbers and lists. As usual, looking at the actual numbers clarifies what is going on so as per usual, I decided to not only publish sections of this report but also explain what it all means, more or less. Always remember, never trust anyone's interpetations without first looking at the raw data. Things rapidly get distorted as they get reprocessed into verbage! I feel that force at work even as I write stuff.
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