Culture of Life News

Gross DOMESTIC Product Is Up But This Is INFLATION

More news about and from the Federal Reserve. Stocks are up today based on this 3.9 growth rate of our GDP. Like all the lies surrounding our finances, using the GDP rather than the GNP is typical. It counts the spending on inflation-ravaged items to be 'commerce'. Inflation, not our economy, is growing, of course. So time to talk about all this and what it means as the world slides into an obvious recession caused by high inflation of raw materials and energy.
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Bush Wants Poison Toys For Tots With No Insurance

Astonishing, isn't it? After all the bellyaching over the lead paint on toys, Bush wants to cut even more, the product safety and testing arm of our government! And even as the criminals in the White House allow a flood of defective and dangerous products into this nation, they are yelling about the cheap yuan yet again. Meanwhile, Ford announces they are moving their research and development to China as well as their factories. And Japan's depression deepens as the government turns the screws on the people in order to keep super-low interest rates going. Namely, inflation rages there in the lower levels.
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Federal Reserve Wants Infinite Debt And Low FOREX Reserves

The Federal Reserve's overnight rates do funny things which disturbs Bernanke who wants a fake money regime that reflects little to no inflation, supposedly. Like, get real, dude! Anyway, time to view the news through my little prism where I keep in mind the new FOREX accumulation game run by first, Japan, and now, most anyone running a huge trade surplus with the US. The Federal Reserve has all sorts of models for things but they neglect to look at harsh reality and see that the old assumptions are cruelly out of whack with the New World Order which is run not by us but by CHINA. And Russia.
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Energy Drives World Economy Off Cliffs

Once again, the fuel for inflation is fuel itself. A Canadian reader of this news service sent me a story about Canada's evolving energy markets and how the strong Loonie is making problems. Another reader's son is interested enough in energy issues to spend a considerable amount of his own money on election ads. And a storm in the Gulf of Mexico threatens oil rigs. Also, readers sent me alternative energy proposals that are really dangerous and approach the idea that we should sacrifice this planet in amazing ways so we can consume energy.
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Will 1987 Collapse Repeat Itself?

The US and Europe seem bent on destroying not only themselves but the world's economy. The actions aimed at punishing Iran are punishing ourselves much more. All signs increasingly are pointing at a fall in finances, trade and sovereign wealth in the G7 nations. Oil exporting nations and China will flourish. Also, after computer trades were halted 17 times in less than 5 months, Wall Street just threw away this brake and now we can have full-blown panics. 1987, here we come! Exactly 20 years later! What next, another Great Asian Currency Crisis?
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Mad People Wielding Razor Blades Destroying US Diplomacy

Putin calls our government 'mad people wielding razor blades.' How apt. As we increase the pressure on Iran Kitty, Russia laughs as world oil prices shoot higher. We just made both Russia AND Iran stronger. Time to examine China's many diplomatic fronts and actions. Turkey is about to head off to the Axis of Smart Diplomats: Russia and China. Our blundering leaders are destroying every alliance.
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A Mighty Oak Dies

I didn't post this story yesterday due to being too tired after taking apart a collapsed oak tree that fell on our driveway. But today, it is raining hard and I have time inside to talk about the similarities to the death of one of the oldest and greatest oak trees on my property and how this mirrors our economy and our future.
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US Engineer & Inventor, John Howe's 'The End of Fossil Energy'

One of the readers of this news service is the Howe Engineering Company run by John G. Howe, an inventor/developer of an array of interesting products and systems. He kindly sent me a copy of one of his books, 'The End of Fossil Energy', 3rd edition. This book is a great reference source for information concerning the Hubbert Oil Peak in a digestable, easy to use form. I highly recommend this book. John and I talked on the phone last night and I would like to share this conversation with everyone.
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The Plunge Protection Team Circles The Toilet

The Plunge Protection Team holds more meetings. They are desperate to find some Hail Mary play to save their financial houses from destruction as the SIVs now go off the cliff. Meanwhile, China is strengthening their Asian trade complex and are working towards creating an Asia-centric economic system.
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Japan Really Has Inflation Just Like The US

The world financial systems may be slipping but the effects in Asia are quite different from the effects in the US and England. Time to discuss this. Once again, we have to discuss the stupid, outrageous inflation statistcs created by our rulers. These are designed to cheat savers, retirees and anyone worried about relative value of their finaces. On top of the new FX trade system and monetarist philosphy, this system is rotten to the core and the destruction it is causing will become increasingly clear as things deteriorate.
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