Culture of Life News

Global Warming Rock Concerts Worsen Global Warming

Global warming, caused by both human production of CO2 and increased nuclear activity in the local star, our ancient sun, turns once-temperate climates into extreme climates. The latest searing heat wave to trouble the US West is typical for Arizona, not unusual. But it is certainly unusual for Oregon! And in Europe, the vast plains are now turning to desert with Arizona-like heat. And floods indundate Texas, Oklahoma and England as if it is monsoon season. So people concerned about CO2 pollution hold a global series of concerts that used up tremendous energy, caused huge pollution as people drove cars to the countryside which they then destroyed with their vehicles and trampling feet and all so they could be blasted with loud music and exhortations to stop pollution???? Gads.
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Bank Of International Settlements Annual Report

I found yet another interesting international agency that is filled to the gills with economists and political personages. The Bank for International Settlements moves in synch with its fellow school of fishes. It doesn't deviate in any significant way but it does have staff who admit they have very little idea, what is going on and where it will all end up. This, I presume, is due to a childish level of naivety and a total lack of understanding the nature of empires and what caused them to collapse and how others may look friendly but are really rivals seeking advantage and even killing off fellow countries and economies in this pursuit for dominance. Here is the annual report of this latest group of internationalists seeking to see the future.
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Free Trade And Slave Currency=Japan And World Industries

Thanks to free trade coupled with total irresponsibility of several central banks, we have a global liquidity crisis due to too much money being invented out of thin air by a host of barely or totally unregulated entities called hedge funds and private equity organizations. They are literally printing money by simply creating numbers in their accounts! Interest rates of all the major government banks are climbing rapidly except for Japan. Time to revisit this issue, looking at past attempts to explain Japan and present news concerning all of Asia and our inexplicable explosion in financing.
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Terrorist Threats to Goldman Sachs And Financial Threats From Within

Goldman Sachs runs our entire public financial systems. Today, they received terrorist threats. There is a lot of fear out there and alot of very angry people who want the US to go bankrupt. And the toxic fiscal wastes of the zillions of hedge funds might sink the entire world's financial systems. They could never do this alone without lots of help from government agencies. In particular, the US and Japan. But all are guilty of the same goofiness: making money out of thin air, turning lead to gold by waving rhetorical wands and applying energetic magic numbers. Voila! Hocus pocus, money appear! Today, I visit yet another hedge fund and peek into the ambient backgroud of the magician running the aptly named 'Alchemy Fund'.
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New Century Sells Toxic Bonds To Carrington Capital

New Century, the newly bankrupt mortgage company, is spinning off all its many toxic and not so poisonous parts to other organizations and yesterday, we learned about one of these entities, Carrington Capital Management, LLC. Which is a classic hedge fund hell hound wanting to eat a corpse lying at the Gates of Death. So time to look at both the old New Century and the new Carrington carrion eating hound.
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Xinhua Parent Organization Is Being Sued For Fraud

While looking up data and stories concerning a collapsing hedge fund, I discovered this little tid-bit about Xinhua News' parent corporation being sued by investors after the very recent IPO went on sale. It is a classic story of inexperienced people messing around and doing things the wrong way because they either don't have good lawyers working for them or they are arrogant and think they are above the law or they can hold much more power than the law allows due to conflict of interest situations. This all happened in the last two weeks. Time to rake Xinhua over the nasty old coals!
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$100 A Barrel Oil: Hubbert Oil Peak, Here We Come!

Aussie defense minister admits the US empire and they invaded Iraq seeking oil. This means all the leaders who did this are war criminals. Arrest them all. And hang them. Also, Russia, China, Venezuela and Iran all have a very interesting evolving relationship that involves a lot of triangulation with the European and American imperial powers. And oil reserves are dropping while oil prices rise. We are near the Hubbert Oil Peak indeed. Norway's energy tzar thinks oil will be $100 a barrel in the near, not far, future. I agree.
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Covenant Lite Loans Lead To Future Collapse

US financial wizards have come up with new, better magic spells for hypnotizing others into giving them more money. The latest scheme is 'covenant lite' loans. This means they go to banks and demand money without giving any securities at all. This is both dangerous and ridiculous. The sums involved are shooting up very rapidly too. Then there is PIK notes: payment in kind. This allows hedge funders and privateers to not even pay the interest on their huge loans but to issue new bonds to sell to gullible fools and then use these IOUs to pay IOUs! I see a little problem with this...
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Bank of Japan Opens The Equity Taps

Japan and the oil pumping Arabs are hosing the planet with liquidity. This liquid is red ink mostly from the USA. But the flood of money pouring into the coffers of these two entities far exceeds any trade so where does it come from? Time to talk about magic numbers and infinity! Also, Writers assure us that a weak dollar is a good dollar but doesn't explain how we can kill the dollar faster than Japan can kill the yen. And reporters continue to try to understand hedge funds. They are getting more and more suspicious as hedge fund hell hounds foam at the mouth, bite investors and then die suddenly. And Moody's raises Japan's credit rating.
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An Army of Fools Are Being Parted From Their Money

Today, several newspapers carried a story about people who are behind in their mortgage payments being swindled by crooks who promise to 'fix' their woes if they only hand over the deed to the property. Then they wring out all the equity and leave the home up to its eyeballs in debt. One asks, how stupid can people be? Well, I say, this is a perfect parable for the entire USA: we are giving the deed to our entire economy and nation to crooks who promise to fix our financial affairs but all they are doing is loading up everything with debts! And our government is assisting them in this rip-off!
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