Culture of Life News

Infinite Money Doesn't Work Even In Short Run

Chinese workers riot. Food disappears off of shelves in Iceland, Zimbabwe, Russia, Ukraine...global trade grinds to a stop due to the collapse of the US empire and its floating currency regime. All the central banks from Korea to the US to Europe and beyond, all the central banks are now pouring more and more government-based rescue operations into the world money system in the hopes that it will fund global trade. Not a soul is trying to figure out why all this is fruitless! And why the grossly-unbalanced world trade is not reviving! All they want is for the US to resume overspending on imports! That is the goal! There is no Plan B.

TO READ MORE CLICK HERE

CLICK HERE FOR EZ LARGE PRINT EDITION

Status Quo Is Hell For US Future

As all the banking systems in the 'democracies' collapse, all of them are being rapidly nationalized. The only working model is the one presented by China. And of course, Japan, where the nationalization of bad banking and bad real estate has been going on for over a decade. I would say, the Chinese model is superior to the Japanese model. So of course, all the European and American politicians are rushing to the Japanese 0% model, not the Chinese which raised reserve ratios and interest rates last year! So we will get more of the same mess, for the entire west wants to keep the status quo of a wild-spending US sucking up their exports.

TO READ MORE CLICK HERE

CLICK HERE FOR EZ LARGE PRINT EDITION

China And The International Trust GAAP

The Big Bad Bank Bail Out didn't create any bubble. After a one day celebration, reality came roaring back and stocks fell back to where they came from: the cellar. The bear market continues despite all the money being tossed to the Derivatives Beast. Nothing has been fixed. But today, we take a break again and look to the past as well as examining GAAP [Generally Accepted Accounting Principles], SWF [Sovereign Wealth Funds] and the continuing moves by the Chinese to take over the important parts of international banking. Also, time to talk yet again about the treasonous lout running the Treasury and Goldman Sachs at the same time. Arrest Paulson!

TO READ MORE CLICK HERE

CLICK HERE FOR EZ LARGE PRINT EDITION

Burns, Nixon, Gold And The New World Order Chinese

The present bank collapse can be traced back to 1971 and the day Nixon cut the gold peg for the dollar. And Bretton Woods II which tried an orderly collapse of the dollar in order to protect other currencies during the decline. This collapsed and we got the Floating Currency Regime instead. I prefer to go directly to the past to try to explain all this and how it has caused today's problems. The world's central bankers are so stunned by this mess, some of them are even calling for a return to the gold standard! This is amazing news that the media barely covers. This is because the US cannot return to the gold standard. This is a historic change, the end of the Floating Currency Regime is getting closer.

TO READ MORE CLICK HERE

CLICK HERE FOR EZ LARGE PRINT EDITION

US Economy Burns But Bankers Get UNLIMITED 0% Loans

The very, very expensive, overly-indebted houses in California are burning down as per usual at this time of year. The infinite bail out that has virtually no strings attached is now causing global stock markets to shoot to the moon. The Goddess of Inflation has infinite powers! The game today is for all the Wall Street entities to pretend they are being forced to be bailed out. But if we read the information embedded within the stories, we see this is a propaganda point set up to deflect taxpayer anger. In turn, we all get lots of goodies this Xmas and Santa Claus will shower us with more, in the future. All made in Asia, of course.

TO READ MORE CLICK HERE

CLICK HERE FOR EZ LARGE PRINT EDITION

World Markets Go Insane With Joy--America Commits Economic Suicide

I arrived on this planet exactly 58 years ago. It has been quite an adventure. I have lived through several economic cycles. Just as I went from a baby carriage to a tricycle to two wheeler bikes. then horses and finally to cars, trucks, and tractors, so has my ability to discern and understand basic economic forces has undergone many changes, hopefully upwards due to accumulation of knowledge. And this I know: the frenzy of delirium in yesterday's stock markets was totally insane and a harbinger of the hyperinflation to come as central banks tap into FUTURE taxpayer bases to artificially restart the lending mania which fuels all inflation cycles. This is bad news in the middle of 'good news'. The drunks on Wall Street are happy. They will crash the economic car when they try driving it wildly, while drunk.

TO READ MORE CLICK HERE

CLICK HERE FOR EZ LARGE PRINT EDITION

Infinite Money For Infinite Loans Create Infinite Inflation

Today, we talk about anti semitism, the Jewish riots in Acre [didn't hear about that? Ah!] the gold markets and the gnomes of Switzerland who have been caught with their pants down. We learn that the solution the G7 central bankers and government officials have chosen is...hold onto your gold bars and coins....INFINITE INFUSIONS OF PAPER MONEY. Yes, that is the 'solution'. Sigh. Will they ever learn? They not only claim, this is a liquidity, not an overboard debt crisis but Paulson also announces, the US will NOT protect itself from a flood of imports. Got that? Good.

TO READ MORE CLICK HERE

CLICK HERE FOR EZ LARGE PRINT EDITION

International Traders Want Status Quo Back With 0% Lending

All the headlines this weekend are about how all the top international trade/commodity/manufacturing nations will coordinate a rescue of the impossible status quo of the last 35 years of the Floating Currency exchange system. This system allows the US to run perpetual trade deficits with the entire planet. In return, we solemnly promise to repay everyone via interest. Only we can't. This is why the last ditch effort here is to artificially drop interest rates to 0% so the US can afford to overspend forever. This forlorn hope of our trade partners will not work. Eventually, the bills will be so overwhelming, the return on lending so pathetic, no one will save money, all profits from 0% lending to the US will fuel inflation in ever-rising waves.

TO READ MORE CLICK HERE

CLICK HERE FOR EZ LARGE PRINT EDITION

Columbus Day International Looting Spree Of US Taxpayers

The G7 meeting is done and the G7 nations have collectively decided that the only way to get back to the hideous status quo that is destroying the US and drowning us in red ink is to resume drowning the US in red ink! And to do this is to undo all the accounting reforms that were put in place just one year ago due to wild, excessive granting of credit which flooded the world with red ink. So 'liquidity' will return! The cost of all this is already figured to be over $2 trillion on top of US taxpayers. So many schemes today, all of them triggered by the 90% losses in the Lehman auctions yesterday. All these nasty changes are happening on a long US holiday weekened: Columbus day. The celebration of the annihilation, enslavement and looting of the New World by these same peoples.

TO READ MORE CLICK HERE

CLICK HERE FOR EZ LARGE PRINT EDITION

92% Losses In Lehman CDS Auction Explained

Sorry about the choppy posting here today. Finally, real, hard information is flowing in. It seems that the messy auction of Lehman credit default swaps is NOT finished at all. We know that the amount these things are worth is around 8% which means the counterparties who promised to pay the insurance on these crappy CDOs will now have to make up the difference. NONE OF THEM HAVE, YET! How they will pull off this $400 billion minus $24 billion, is anyone's guess. I suspect Paulson will be the one who will pay up. Also, the threats against the dollar hegemony continue and Japan has retreated from these dark threats and now wants all the FOREX holders of massive dollar bags of money should use this via the IMF to bail out the US and not punish us but give us even more loans so we buy Toyotas again like in the good old days. This is impossible, I say, as well as undesirable.

TO READ MORE CLICK HERE

CLICK HERE FOR EZ LARGE PRINT EDITION