Free Trade

Halliburton Traitors Moving Headquarters To Dubai

Elaine Meinel Supkis

Cheney's company, Halliburton, is decamping from the USA and moving to the Dubai tax haven. I keep noting, these rich people are all traitors. They run up gigantic bills with foreign IOUs and then they will leave us holding a gigantic bag of these IOUs while they skip off to have fun with their terrorist buddies.

DeVaul alerted me to this incredible news:

By David Wighton in New York and Simeon Kerr in Dubai

Halliburton, the US oil services company once run by Dick Cheney, the US vice-president, on Sunday provided further evidence that the focus of US companies was shifting offshore by announcing plans to move its corporate headquarters to Dubai.

Dave Lesar, Halliburton's chairman and chief executive, said the decision reflected the faster growth in oil exploration and production in the eastern hemisphere. "This is already a strong market for Halliburton and we are excited to position the company in this key business area," he said.

I keep saying, our rulers are traitors. Quite literally traitors. They have zero patriotism and to make themselves richer, they happily sell us into slavery or rip us off outrageously. The biggest rip-off of all is via the military. It is natural that the place where they scream about patriotism the loudest is the same place they openly loot for their own benefits before exiting the country.

Halliburton has latched onto the 'privatization' of our military with a vengence and like a vampire, has sucked all the blood out of this enterprise called 'The Pentagon' and are now packing their loot and transfering it to an Arab terrorist state that sent 2 fighters here for the 9/11 attacks. Just as the Jews in America assist their friends and fellow tribal mates in Israel to rip us off and build up a reserve fund nearly as big as our own, so the Arab rulers are uniting with American traitors to rip us off and leave us a huge mountain of IOUs to China and Japan while they skip off on their magic carpets to hang out with their terrorist buddies.

Of course, 9/11 was an inside job. And this is further proof, our rulers wanted it to happen and are going to laugh all the way to the bank in Dubai and they don't give a rat's ass about the US of A. Cheney used his vile influence to get many sweet-heart deals for Halliburton and these no-bid contracts will now benefit....aliens who hate us.

They want to tap into the Chinese energy buying market:

DUBAI, United Arab Emirates (AP):

The Dubai headquarters will focus on relations with the Gulf's enormous national oil companies, such as Saudi Aramco, the world's No. 1 oil producer. It will also concentrate on business opportunities in the energy-rich Middle East and the energy-hungry Asian countries, all of which are in the midst of booming economic growth.

So long as the profits flow into the coffers of the men and women who rule us. They know taxes are looming because America is going bankrupt so they are packing their bags and departing to fairer shores. They will sit in foreign lands and force us to pay them interest rates and other fees and penalties while they laugh as we run around America, screaming and attacking each other.

Already, the hijacking of our military is nearly complete. Our fleets sit next to Japan and the UAE, protecting THEM, not us. They didn't protect us on 9/11 nor during the hurricane season when New Oleans was destroyed nor will they ever come back here to defend America. Note that our Israeli ruler, Chertoff, is never, ever in the news, I doubt this guy is even in the USA.

Cheney is NEVER seen here. He is always in undisclosed places and I suspect, like Jenna and Babs Bush, he too is out of the country. And Bush bought a gigantic estate in Uraguay and he plans to relocate there and not pay any taxes and these traitors will not be available when the inevitable happens.

They are moving very fast now for they see a very vengeful dragon on the horizon: China. China is no longer funding our fun and games.

The Saudis are also using the UAE to duck their own obligations to their own people.

ssue Date: May 23-29, 2006, Posted On: 5/23/2006

Saudis driving UAE efforts to buy U.S. ports, military factories

Congressional investigators have found evidence that Saudi Arabia was behind the takeover of major ports and defense facilities in the United States.

Congressional sources said investigators who have examined the United Arab Emirates purchase of companies that operate U.S. major ports and a key subcontractor to the American military suspect that Saudi investors helped arrange financing for the multi-billion-dollar deals. The sources said Saudi princes have sought to invest in critical infrastructure and defense in the United States.

"There is no smoking gun at this point," a congressional source familiar with the investigation said. "What we do know is that the UAE has no interest investing in anything but extremely safe investments and that Saudis have facilitated financing for the latest takeovers."

Over the last four months, state-owned UAE companies acquired two British companies that operate in the United States. Dubai Ports World bought the London-based P&O, which operates six major American ports while Dubai International Capital has bought the Doncasters Group, which owns nine defense factories in the United States.

The sources said members of the Saudi royal family appear to have used the UAE as a front for their entry into the U.S. defense and port industries. They said several leading UAE state-owned companies have been targeted by Saudi investors, flushed with huge petro-dollar revenues.

Most of the 9/11 attackers and bin Laden are Saudi or were Saudi. And the Bushes are thoroughly entangled with the bin Laden family and not all that many Americans know this. The tangled web of counter influences and deep deals covers the entire Middle East including the spider in Jerusalem. And these entangled deals and secret treaties and palm pressings are also being done on top of a volcano of tremendous rage.

The USA is kept in the dark about all this, only astute readers on the web see parts of this mess. On the left, Jewish influence has keep a huge hunk of these deals hidden from view and on the right, trying to support their own traitorous leaders, they too are fooled into silence. It takes lots of hard-headed, teeth grinding pursuit of the truth to uncover even half of what is going on.

It is easy for me in a way: many, many Americans, coming from an immigrant past---even those who came 300 years ago---there is little patriotism, little loyalty so I assume most people at the top are traitors anyway. When Bush took the election by killing the Constitution in 2000, I heard all over the left side of the internet, 'I'm leaving the country!' Ditto, the rightwingers when the Democrats took both Houses. 'I'm leaving!'

Recognizing that our rulers really ARE leaving is highly important. They are all setting up multiple citizenships. With Britain, Australia, France, Israel, China, you name the country, there are many rich people with dual citizenships. I have been 100% against this since day one. And I believe that no contracts from American taxpayers should go to ANY foreigners, ever.

We are amassing a huge pile of IOUs with foreigners who are in turn, selling our government services and goods.

Here is a happy go lucky site bragging how Americans can flee to Dubai and sneer at the USA.

There is an incredible residency opportunity in Dubai, U.A.E., which is offered for the very first time on the Internet. After conducting our personal due diligence, we've given a BIG thumbs up and placed our stamp of approval on this rare residency program.

This 8,700 plus word report will answer all your questions. We would propose for a number of reasons you entertain our Dubai Tax Free Resident Investor Report. Some of the reasons for this are:

The ability to easily start their own business.
Minimum amount of time required per year to be there
The fact that the program is pre-approved by the government
Unrestricted. Applicant and family members may work at their own business.
Favorable Tax and Extradition laws
Applicant can sponsor for residency his entire family, including spouse and children up to 18 years old.
Cost as little as $19,000 for a family of four.
Dubai is 100% TAX FREE. No taxes to be paid at all..
Here's the deal: For just €ur 20 you get this brand new, hot off the press 8,700 plus word report, "Dubai - Tax Free Haven." The Dubai - Tax Free Haven Report is packed with up to date fact finding information like:

* How to obtain and keep, easy to get Dubai tax free residency
* How to earn up to 12 percent returns on capital safely, plus get free residency
* How to open a bank account WITHOUT a residency visa...
* Learn all about the various visas for Dubai and the UAE, plus how to get them
* Triple your money in the world's hottest real estate market.
* How to invest as little as US$19,000 and obtain tax free residency.
* How to make a fortune starting your own small business
* What would be the best businesses to start?
* How to find beautiful brown young lovelies for play, mates and dates
* Why Dubai?
* Plus much, much more

Obviously, Halliburton read that website and decided to party, dudes. Cheney should be demanding all their contracts with the US government be instantly terminated. He should be waving that flag he pretends to love and...what the hell.

Nothing will happen. He hates us, Bush detests Americans, they all long to strangle us every bit as the Chinese communists want to bury us. And they are selling us off to the Chinese and the Japanese! They, through their own actions, are making us billions of enemies all around the world and then they plan to ditch us while they join our enemies?

THIS IS THE DEFINITION OF TREASON.

The Bushes have been traitors since WWII.

This is just one example of how Neil Bush operates in his pursuit of other people’s money – money for nothing at the expense of others. Call it what you may, but these schemes of his are crooked.

Enter the Carlyle Group – a private equity investment firm in which President Bush (41) once served as senior advisor. The oil-rich United Arab Emirates (UAE) is a major investor in the Carlyle Group. In 2005, the Dubai International Capital invested $8 billion in a Carlyle fund. The Bush Dynasty has a long history of financial dealings with the UAE.

Enter the United Arab Emirates. Beyond investing in the Carlyle Group and donating $1 million to the Bush 41 Presidential Library, Neil Bush gets money from the UAE, sometimes directly, more often indirectly.

It is worse: the Chinese also pay Bush family members money for all sorts of stupid 'consultations'. The Bushes (I am not joking here) lick the boots of many despots. They kneel (literally) at the feet of the Saudi royals, they apologize to the Chinese but spit on them when putting on their Potemkin plays pretending to be strong Americans.

Halliburton has many billion in tax-payer money and many people tap into this slush fund including people pretending to call for a balanced budget and warning us about too much spending.

According to papers filed with the SEC, in the fourth quarter of 2006 Soros purchased nearly 2 million shares of ... hold your breath ... Halliburton. The Halliburton shares reportedly went for an average purchase price of $31.30 a share. That puts Soros' total investment in Halliburton at around $62.6 million, or about 2% of his total portfolio.

No elite gives two wooden nickels for us. They want to be richer. They might even warn us about our impending doom but they will never, ever share it.

They plan to pay nothing for it. They plan to confiscate our navy and turn it over to alien powers and they will bribe our sailors and airforce and the Marines to fight for them, not the USA. And they will use them to INVADE the USA when we revolt when the true nature of our betrayal and the price we must pay, comes clear.

Culture of Life News Main Page

The London Economist Says I Am Right!

Elaine Meinel Supkis

The Economist in London agrees with my analysis, the rise in interest rates for the yen and the rise in the yen's value against the dollar triggered last week's panic! Heh. And we see evidence of this: Japan had to buy lots of currency this week, pushing them to new highs in reserve funds. The USA has lost control of our own economy, our own currency, totally.

And our own reserve fund is only $64 billion and dropping like a rock!

TOKYO, March 7 (Xinhua) -- Japan's foreign exchange reserves increased 9.67 billion dollars in February from the previous month to hit a record high of 905.05 billion dollars, the country's finance ministry said on Wednesday.

It was the first time that Japan's foreign exchange reserves surpassed the 900 billion dollars line, according to the ministry.

Officials of the ministry attributed the increase to interest income gains on the country's holdings of U.S. Treasuries and other foreign securities, as well as valuation gains on the U.S. bonds driven by lower U.S. interest rates, Kyodo News said, adding that Japan's euro-denominated assets were also inflated by the rise in the value of the euro against the U.S. dollar

Ha. Note how the Japanese blame us for the mess they made! It is the fault of us having an interest rate higher than .5%!!! Haha! Now if we only drop it to that level, their goofy reserve fund mess won't shoot to the moon. I will note here a problem with all non-metallic currencies: they tend to fly to infinity if they are not constrained by governments. And if a government is tempted to make everyone billionaires by creating money magically, everyone always ends up paupers because the minute this money-making reaches infinity, it magically evaporates.

Namely, it loses its value. Denominating value is very tricky. Let's look at reality: the US dollar has gone from $1=1.30% euro to the exact opposite: 1 euro=1.30% $. This switch is significant. And it was 100% caused by the gross misbalance between the ¥ and the $. If you took the present amount of money held by the Japanese and turn it into euros, it cuts the amount by 30% instantly. This gives us an idea as to how badly our currency inflation is causing depression of values.

Namely, the European simply sit on their euros, they gain value without effort. The Japanese, in order to keep their unequal, destructive one-way trade with the USA are now treading water even a they appear to be getting richer.

Other currency traders are ditching the dollar and picking up euros to protect themselves from the out of control money generating machine run by the Treasury in the USA. So Japan has to soak all this red ink up increasingly by themselves. This is why the euro keeps rising.

As I pointed out before, this will go to infinity and then blow up. China's participation in this game has upped the ante hideously so now there are two major industrial powers, the number three and the number four, both doing the same thing, causing everyone else to run to the euro and if China drops the dollar too, Japan will sink into the ocean and disappear. Along with the USA.

Here is one of the very, very few articles that sort of understand what is really going on here:

Daily Reckoning:

"Stock markets around the world entered a second week of volatility…" reports the International Herald Tribune. Asian stocks continued to quake and shake yesterday, while those of Europe and America either stabilized or registered only modest declines.

So far, the slump in equities has sopped up some $2.3 trillion in excess liquidity. This liquidity is a form of 'inflation' - and falling inflation means falling prices. Yesterday, just about everything went down. Stocks, oil, copper, the euro, and gold too. Gold fell below $640.

What went up was the yen - because the yen is the tap that has made much of the world's liquidity possible. Speculators, who worried that their trades were going bad, were forced to sell off their positions in gold, Asian stocks, and so forth in order to pay back the yen they borrowed.

"Yen surges as carry trade unwinds", is the Financial Times' headline story on the subject.

I have tried to show this with cartoons. Ever play teeter-totter as a child? I did. A bigger kid would lure smaller ones onto the opposite side. After going up and down a few times to let them drop their guard, the bigger kid would suddenly jump off when on the 'down' side and the poor kids on the other end would crash to the ground.

The only time that happened to me in elementary school, I went relentlessly after the boy who did this until I finally got him. I didn't mind being paddled by the Principal at all. Revenge can be sweet and no one ever tried to do stuff like that to me again.

This is why the mess today infuriates me. We should be going after the Japanese for putting us both in this fix! But of course, as usual, our representatives work for Japan, not the USA.

Tediously, as usual, our Treasury Secretary barks at China while standing shoulder to shoulder with the Japanese.

By ELAINE KURTENBACH, AP Business Writer 1 hour, 40 minutes ago

SHANGHAI, China - When U.S. Treasury Secretary Henry Paulson makes a pitch Thursday for China to drop barriers to trade, he'll be doing so from the gleaming Shanghai Futures Exchange, where only a handful of commodity futures are traded, by local brokers.

The setting illustrates the progress and limitations in China's ambitions become a world financial power. Just last week, the country's growing heft in international markets hit home when a 9 percent drop in Shanghai triggered declines around the globe.

But China needs to do far more to open its financial sector and underdeveloped capital markets, for the sake of its own well-being and global stability, Paulson said in comments in Tokyo this week.

In the wake of this last week's near collapse of all markets, our Treasury Secretary was ordered to tell off the Chinese? Just as this propaganda article in the American news media illustrates so clearly: China is warned to not overturn the world's financial pecking order and there is no mention of Japan! Not a peep! China isn't stupid, unlike our own government. I got the news about Japan's reserve funds from the Chinese government, not from our own government or media! They know what to read!

And they read the Economist. And I hope the Economist reads me. For I stood virtually alone when I contended that the Japanese yen, not the Chinese stock market, started this crash! Understanding cause and effect is life and death for humans, collectively as well as individually. The deliberate misreading of events is fatal. I read the New Yorker magazine and sometimes they are sane. But in today's issue, they pretend the stock market instability was due to TOO MUCH INFORMATION. (I am laughing to death here, hahaha.)

They then go on to say, there are problems but they are caused by...the Chinese. Oh, those people wearing pajamas and saving lots of money, working hard and playing at stock market values! Yup.

Some people want to pretend all commodity prices are now dropping but as usual, this too is wrong.

By Myra P. Saefong, MarketWatch
Last Update: 11:17 AM ET Mar 7, 2007

SAN FRANCISCO (MarketWatch) -- Crude-oil futures climbed Wednesday to touch a high of $62 a barrel after U.S. data showed that supplies of crude declined for the first time in three weeks and distillate and gasoline inventories have been falling for several weeks.

"Import dynamics caused surprises in inventory changes," said Jason Schenker, an economist at Wachovia Corp.

"Lower crude and gasoline imports engendered a surprise draw in crude inventories and a larger-than-expected gasoline draw," he said an in e-mailed note to clients. And "the distillate inventory draw was mitigated by increased imports."

Crude for April delivery was last up $1.16 at $61.85 a barrel on the New York Mercantile Exchange, following a climb to as high as $62.

So, um, we increased imports of foreign oil which we paid for in dollars that are again, rapidly losing value vis a vis the euro...mmmm. I see some obvious problems. Also, here in the Northeast, we have been below or barely above zero for days and days and days. Today, we went -6 at sunrise on my mountain. Grrrr. As I have pointed out in the past, the grasshopper attitude Americans have today meant, when we had a warm December, everyone thought we were out of the woods and went crazy buying junk we can't afford, made in Asia, as usual.

And China gets closer and closer to their dream: dominating the world's auto industries.

SAN FRANCISCO (MarketWatch) -- Daimler Chrysler AG is talking to General Motors Corp. about its Chrysler unit sharing costs of developing sport-utility vehicles, and Chrysler is considering outsourcing U.S. small-car production to Chinese automaker Chery, according to a media report Tuesday.

The Japanese are scared to death about this so they will have us attack China over and over again. Is China going to start buying euros instead of dollars? We want the yuan stronger. Gads. Imagine the world market mess when that happens. Japan's dollar reserves that have lost 30% of its value against the dollar's drop will lose 60%? It has happened before.

China will barely feel the bite, their reserves are only 20% the size of the Japanese reserves! And the USA has virtually no financial reserves at all. Israel has 50% of the reserves we have. These numbers disgust me.

Time to arrest the people responsible for this. Our foreign trade negotiators, several Presidents (we'll dig up Reagan's corpse and hang it from a lamp post) and Congress as well as Greenspan and Bernanke.

GM admits they gave away cars to thieves, con artists and illegal aliens.

By Shawn Langlois, MarketWatch
Last Update: 10:57 AM ET Mar 7, 2007

SAN FRANCISCO (MarketWatch) -- General Motors Corp.'s Chief Executive Rick Wagoner admitted at the Geneva auto show on Wednesday that loans to high-risk customers have hurt the automaker's former financing unit, according to the Wall Street Journal.

This is what causes fiscal collapses: bad loans to bad people.

And our auto industry is really, truly dying.

Other notably high sectors included computer equipment import consumption, which rocketed to 79% imports, apparel consumption at 75% imports, and audio and video equipment at 90% imports. Technically, footwear ranked highest in terms of percentage of US consumption spent on imports at over 92%.blockquote>

Free trade is a disaster. Totally and completely. Our dollars are now being used against us and the more we spend on imports, the worse things get and they are getting much worse every month without fail. This collapse of our own economy has been obvious for years, I have been ragging on about it since the internet was invented.

Alas, everyone has gotten used to this. They can't see the obvious end so they imagine I am wrong for harping on it but the end is grim indeed: we produce nothing and we get nothing! Already, many major industries haven't simply shrunk, they are dead as doornails. We don't make nails, screws, ball bearings...on and on the list goes. Eventually, it will be nothing. And the factories here being run by the Japanese and Europeans in order to keep our free trade doctrine running, will close. This is why we have to seperate the factories run by aliens from domestic owned ones: this distinction is life and death.

Here is a typical grasshopperish story, how people think they can have their cake and eat it after a hurricane pulverizes it.

Marc Serota for The New York Times

Most insurance executives look at the lavish houses and condominiums along the Florida coasts and cannot help but think: hurricanes, wreckage, financial ruin.

As most big insurers are cutting back coverage in Florida and other coastal states after a string of catastrophic hurricanes, Mr. Buchmueller has started a company offering policies that hardly anyone else wants to sell — and at as little as half the going rates.

His strategy, he says, is not as daring as it seems. By studying industry statistics he has found that big, expensive houses have fared the best in hurricanes. And his company will sell only to owners of those homes.

Typical foolishness. The guy gets money from desperate homeowners, a hurricane hits and destroys even the 'best built' homes and voila: the guy vanishes and his company relocates to the Bahamas.

There is virtually NO houses in America that are proof to the damage of a catagory 5 hurricane, a catagory 4, for that matter. The very rich build right on top of the beach as close to the raging seas as possible. They are not domes with heavy shutters, if they have steel shutters, this works only on lower catagory storms and flying debris isn't the hazard, it is the pounding of the waves! And outside of cement bunkers that are nuclear bomb-proofed, these mansions are fundamentally weak due to their size: big buildings get pounded more by big waves.

This childish belief there is some cheap way around reality infects nearly everything we do and think today. This is thanks to a culture that celebrates fantasy and believes that the mind is ruling matter and not the other way around. I call this delusional.

Culture of Life News Main Page

World Markets Fall, USA Hangs On Edge Of Cliff

Elaine Meinel Supkis

As we watch the economic fortune cookie crumble, it pays to look back in time as well as forwards. I will note that many market pundits absolutely refuse to see or tell the truth and this includes all the gloomy 'gold bug' people and the liberal economic professors. Everyone wants the present status quo to continue even as it is totally destructive.

Maybe we can ship all our hairdressers and real estate brokers to China!

By CANDICE CHOI, AP Business Writer 18 minutes ago

NEW YORK - The nation's service sector expanded at a slower-than-expected rate in February amid a slowdown in new orders that economists think may help cool inflation.

The Institute for Supply Management, which is based in Tempe, Ariz., said on Monday that its index of business activity in the service sector was 54.3, down from 59.0 in January. Wall Street analysts had expected a reading of at least 57.0 for the latest month.

A reading above 50 indicates expansion, while one below that indicates contraction.

February marked the 47th consecutive month of business activity growth, the trade group said.

"Members' comments in February are mixed concerning current business conditions. The overall indication in February is continued economic growth in the non-manufacturing sector, but at a slower pace than in January," said Anthony Nieves, head of ISM's survey committee.

The service industries covered by the ISM report represent about 80 percent of the nation's economic activity, and economists are looking for the sector to be a driver of growth in 2007 as the manufacturing sector struggles with weakness in the automotive and housing industries. The service economy is diverse, encompassing banking, construction, retailing and travel among other industries.

Construction has gone bust. Its demise will destroy the banking industry. Not too many people will be flying except out of windows if we go into a depression. Automobiles: 50% of those are Japanese, not American. So that industry is no longer a plus at all. The real numbers are hidden by the practice of putting Japanese plants here and hiring cheap southern labor.

Click here for the Wikipedia conversation about service 'industries':

The dichotomy between physical goods and intangible services should not be given too much credence. These are not discrete categories. Most business theorists see a continuum with pure service on one terminal point and pure commodity good on the other terminal point. Most products fall between these two extremes. For example, a restaurant provides a physical good (the food), but also provides services in the form of ambience, the setting and clearing of the table, etc. And although some utilities actually deliver physical goods — like water utilities which actually deliver water — utilities are usually treated as services.

We aren't exporting our roads, bridges, airports, sea ports, water systems and energy supply lines: we are selling them to foreign powers who now own them here! This isn't a smart idea, not at all. They will demand we pay them in hard cash and if we devalue our currency like we have been doing lately, they will hammer us.

So a major sign of a country's fiscal weakness is when foreigners buy up everything including the kitchen sink. If Americans think we can rule the world while being tenants in our own country, this is totally delusional.

Here is a startling news article from just four years ago:

Aug 5, 2003

The July non-manufacturing index of business activity was 65.1% according to the latest ISM REPORT ON BUSINESS. U.S. service sector grew for a fourth consecutive month in July and registered its highest ever level of activity since the index was produced in 1997. Also in July, new orders, order backlogs, employment, prices, and imports increased.

In turn, the NTC-Reuters index of service sector activity in Europe was 50.2, just over the breakeven level of 50. The recovery of the service sector in the Euro area from a 48.2 reading in June is welcomed after several months of contraction. In the UK, the CIPS-Reuters index of service sector activity continued to show fast growth after recording 56.6 in July, two percentage points up from the 54.5 level of activity registered in June.

So, today our service industries are performing much weaker than in 2003. And back then, we were racking up debts like mad. Today, we are doing it more and more and getting worse and worse positive effects from this foreign debt binging. The more foreigners lend us money, the weaker our economy grows, it is literally withering on the vine as if bugs were eating the leaves and soon, the roots will be torn up.

Gold bugs are hoping their foolish choices will protect them from the fiscal hurricane.

U.S. stocks attempted to rebound late Monday morning, bouncing off into positive territory after earlier stumbling on news of a weakening in the service sector of the economy, fresh jitters from global markets overnight, and concerns in the distressed subprime mortgage market.

Given the declines in Asian stock markets, particularly Japan, "further warning flags were put up as to the potential global impact of the unwinding of the gargantuan positions in almost all assets that had been built on essentially free yen borrowings," said Jon Nadler, an analyst at Kitco Bullion Dealers, in an e-mailed note to clients.

"Many traders were attributing the fall in gold last week to the yen carry-trade debacle," said Person. But "I do not see that as having a major impact on gold.

"The real story was that traders were afraid [that] if the global economies were headed for a recession .... then gold would lose its luster as an investment hedge against inflationary pressures," said Person.

A fool's hope. Gold always collapses in the lee of these storms. Namely, everyone rushes to gold only governments don't allow this, they confiscate the gold. All major gold rushes in the past, the Californian, Yukon, Siberian and South African rushes were all during depressions after banks collapsed.

Gold, like any other commodity, will drop when all others fall. When the Roman Empire's economy collapsed, government spending shot up on public projects, the greatest bathing houses were build just 40 years before the barbarian Vandals burned Rome!---gold didn't become very valuable, it literally disappeared from circulation and it wasn't used to transact business.

The valuable items were a good war horse with a good bit, the newfangled invention called 'stirrups' and a sharp sword. Whenn someone wanted something, using these items did the trick. The Norse used swift moving boats, too. And chainmail was introduced. Better than fancy silks.

Stocks around the world dropped even as the Plunge Protection Team here kept the market sort of stable.

HONG KONG, March 5 (Xinhua) -- The Hang Seng Index Monday nose-dived 777.13 points, or 4 percent, to end the day at 18,664.13, the biggest single-day tumble since "9.11" terrorist attack.

China stocks fared worse, with H-share index falling 457 points, or 5 percent, to 8,528, off a low of 8,426.

Turnover rose to 72.44 billion HK dollars (9.29 billion U.S. dollars) from 53 billion HK dollars (6.79 billion U.S. dollars) last Friday.

Rule of thumb: when all the markets fall, they all keep falling. There are always small ups and downs as this happens like leaves blowing in the autumn winds but the relentless logic is indisputable. The USA markets are simply soaking up the last cheap Japanese 0% money. We all know this money will cease soon since Japan can't bankroll the entire planet by themselves.

Russia is all about commodities.

By Polya Lesova, MarketWatch
Last Update: 1:39 PM ET Mar 5, 2007

NEW YORK (MarketWatch) -- Russian stocks fell sharply once again on Monday, weighed down by declines in commodities and Asian stocks, with most emerging markets -- including the other BRIC heavyweights India, China and Brazil -- remaining under heavy selling pressure.
The Russian RTS index recouped some of its early losses, but ended down 3.2% on Monday and is now down 9.6% on the year, making it the worst-performer year-to-date among major global benchmarks together with India. In Mumbai, the benchmark Sensex closed down 3.7%, for a 10% decline on the year.

Tumbling commodity prices, particularly oil and metals, and a rush to reduce global risk exposure are pressuring the Russian market as well as other emerging markets, which tend to have commodity-driven economies. Falling crude oil will likely pressure energy giants such as Gazprom and Lukoil, while declining gold prices might weigh on the country's leading gold producer Polyus Gold.

So, the world is going to strangle Iran's economy? North Korea? With what?

We can't afford these strangulations. And of course, if entities will be throttled, the most hated country on earth is the USA thanks to Bush and the neo cons. Unpopularity has some serious side issues.

Smart people in the USA think China (and Japan!) is run by people as stupid as we have here in America. Bush's IQ is lower than Prince Charles and lower than a Prince Charles Spaniel, for that matter. Assuming that Hu and Wen are equally dumb is stupid. Both men are geniuses and they pick intelligent people to work under them and Chinese economists aren't stupid, we will end up sending our children there to learn all about diplomacy and economics in twenty years (if we are lucky and aren't a smoking ruins).

Brad Setser and DeLong try to figure out international trade issues vis a vis China:

I worry, though, that the conditions that allowed the US to construct a liberal international order after World War 2 no longer exist.... In a sense right now, rather than having a Marshall plan, where the US--at the time the US public sector--financed the reconstruction of Europe on very generous terms while opening its markets to European goods (creating the conditions that allowed Europe to repay the US loan), we have something that looks like a Marshall plan in reverse. Or maybe half the Marshall plan--China doesn't seem to have given much thought to how the US will pay it back.

China’s public sector is, as a matter of policy, providing subsidized financing to the US. The reverse comes because China, still a very poor country, is financing the still very rich US. Bretton Woods 2 is very, very different from Bretton Woods 1.

My god. Reading two economists trying to figure out things is astonishing. The idea that China isn't thinking really, really hard about how we will 'pay' them back is sheer, arrogant stupidity.

I know they are thinking about making us pay them and they have their price already set and they are increasingly prepared to spring on us, what they want from us: Taiwan. As I noted years ago, the minute they pass the $ trillion FOREX threshold, we are finished. They will continue to play with us only if we begin to give them the things they seriously want and there is nothing, and I do mean nothing, we have that they want more than they want Taiwan!

It is, in other words, item number one on their 'US will pay us back' list! How can two very smart men not see the obvious? I do admit being around the Chinese when they sent their very, very first party members to the USA to study economics. And I know they learned two lessons very well: the banker always wins and the guy who has the money calls the shots.

When the bankers lose, economies collapse into Great Depressions. Then the other thing springs into action: 'Power grows out of the barrel of a gun,' as Mao said most famously. We have the guns but we won't be able to sail our mighty navy many places if we are bankrupt and have no shipping industry at all. How many supertankers and containerships did the USA build last year?

Hahaha. Easy answer. It is lower than the Japanese interest rates!

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USA Begs China To Buy Chrysler

Elaine Meinel Supkis

Rapidly now, our domestic auto industry is either dying, being sold to foreigners or colonized by countries we defeated in WWII. The intersection between currency values/government manipulated interest rates/trade imbalances grows ever worse. And our military/industrial complex continues to malfunction to the point, they can barely make anything useful anymore.

Eventually, no production plant in the USA will be owned or operated by citizens of this dying empire.

By Ariana Eunjung Cha and Tomoeh Murakami Tse
Washington Post Foreign Service

When Chery Automobile cars first appeared outside of China in 2001, they were ridiculed as a cheap attempt to trick purchasers into thinking they were buying Chevy vehicles instead of Chinese knockoffs.

These days, however, when industry watchers talk about the future of the auto industry, Chery's name and its lines of cute, gas-efficient cars elicit excited talk.

The company has done so well -- it is now the No. 1 independent automaker and auto exporter in China, with business in 30 countries -- that when DaimlerChrysler announced this month that it may be interested in selling off its flailing Chrysler unit, many analysts mentioned Chery as a potential suitor.

Last year, I talked about how desperately the dead British empire tried to sell off its last auto industries. The Brits are hopelssly incompetent now. Their youth are on a tear, rampaging about the world, drunk or committing suicide. The arrogance of imperialism is still very much imprinted on them and we suffer from the same hubristic malady. Every article I read in America that discusses our dire economic condition always trumpets: 'America's economy is the strongest in the world!'

When one starts off with that sort of delusional level of thinking, everything else becomes obscure. Blind to our own dire condition, we cannot see the cliff we are falling off of, the fog of irrationality envelopes our nation.

Aside from Chery, securities analysts have floated a number of auto companies as potential buyers for Chrysler. But many European and Asian carmakers are either overstretched, underfinanced or simply not prepared to swallow an operation as large as Chrysler, the analysts said.

While not ruling out a possible bid by General Motors, John Murphy, an analyst with Merrill Lynch, said a more natural candidate for Chrysler would be an automaker seeking to establish, or widen, a foothold in North America.

And this is how treason operates: after mishandling our own industries and after opening the front and back doors for infiltration and unfair trading, we are now eager to find people willing to further undermine our nation? These 'footholds' are foreign domination! Namely, we become some alien country's wage slaves. And they won't make us super-rich! Unlike China which we use as our wage slaves, the stuff foreigners want to produce here are only for sale here. Namely, these factories are political entities designed to keep our front and back doors wide open. They have no other function.

Toyota is building a huge assembly plant in the cheapest possible location, for example.

As expected, Toyota officially announced its plans to build the Highlander in northeast Mississippi. The company will invest $1.8 billion in the project and initially employ 2,000 workers. Toyota officials, along with Mississippi Gov. Haley Barbour (speaking in photo), made the announcement this morning at a press conference in Tupelo, Miss.

Toyota says it will donate $50 million to public schools in Pontotoc, Union and Lee counties, where the site is located. The ten $5 million checks sould help ensure a well-trained workforce and give Toyota a positive image in the communities.

They won't pay taxes but will give 'gifts'. I suppose next, we will be offered a chest of cosmetic jewelry for Manhattan? The childish glee that greets these foul gifts reveal our beggar status! Yesterday, a tornado tore through a school in the Deep South. Students were killed. I look at photos of the damage from these tornadoes and what I see is a bunch of extremely flimsy buildings being ripped apart. Increasingly, our country is being remade into a ticky-tacky wonderland.

One of the commentators at the above news site brought up some interesting statistics.

production in North america so far this year:

Gm 593,031
Fomoco 404,519
DCX 380,626
Honda 222,134
Toyota 196,892
Nissan 194,385

Rapidly, the Japanese are catching up with our native production. And we are cheerfully selling off the remainder. The disastrous duopoly nexus between the dollar and the yen continue. The Japanese are most clever in pretending they are not deliberately manipulating their currency, it is just natural for the world's #2 economy that has a gigantic trade surplus to have one of the world's weakest currencies! Yeah!

They blame their own ridiculous and totally unrealistic interest rates for their weak currency!

In Tokyo currency trading, the dollar brought 117.67 yen, compared to 117.57 yen late in New York and 118.10 yen late in Tokyo the previous session. A stronger yen tends to hurt Japanese exporters because it makes their products more expensive in overseas markets.

Shares of property firm Mitsui Fudosan Co. (JP:8801: news, chart, profile) rose 1.9 %, after government data showed Japan's core consumer price index remained flat in January, the first time in eight months that the inflation gauge has shown no change.

Analysts said the weak inflation data raised expectations that the Bank of Japan would refrain from additional interest-rate increase until after July parliamentary elections.

The Japanese have hidden the effects of inflation by really brutal means such as not heating offices and apartments! They are forcing everyone into a regime that resembles Maoist China! They use every trick in the book to prevent purchases of imports of any sort. This is behind the political disputes with China. They want to keep the Chinese out as much as possible.

Making the yen stupidly weak KEEPS OUT CHINESE GOODS! They will never strengthen the yen. And since this helps them destroy America's industries, all the better, no?

Since they must devalue their own currency to stop fellow Asians from taking over their own markets, there is only one way the USA can protect itself: tariffs and barriers.

The feeble yen is yielding an unexpected windfall for Japanese exporters. At a time when Detroit is struggling to turn a profit, a one-yen depreciation in the dollar exchange rate increases the value of Japanese auto exports to the U.S. by $490 million, Shinsei Securities estimates. And game maker Nintendo Co. (NTDOY ) based its projections for this fiscal year on rates of 115 yen per dollar and 143 to the euro. With the currency now trading well above those levels, analysts say Nintendo's bottom line could get a $330 million lift when overseas profits are converted back into yen.

Why is the yen in a slump? Japan, after all, is in the midst of its longest expansion since World War II. Economists say the yen's weakness stems from the gulf between interest rates in Japan and those in the U.S. and Europe. The benchmark rate in Japan stands at just 0.25%, compared with 5.25% in the U.S. and 3.5% in the euro zone.

Aren't those numbers interesting? If Japan's central bank buys lots of American IOUs and offers us cheap loans, their PROFITS soar! This is a very strong indication that the trade imbalance has now self-serving ballasts that are warping trade so badly, it is nearing black hole status.

On top of this, our native industries working for the Pentagon are deliberately inept and expensive.

By Renae Merle
Washington Post Staff Writer
Thursday, March 1, 2007; Page D01

A Navy program to build a new combat ship to patrol coastal waters will face another cost increase, government officials acknowledged yesterday, a hit to the service's attempt to keep expenses under control so it can afford a larger fleet.

The increase is expected to affect a version of the ship being built by General Dynamics and comes as Congress is becoming increasingly critical of rising costs in weapons programs and has questioned the Navy's handling of the combat-ship contract.

The size of the increase is still unclear, but it may be similar in scope to an overrun encountered on another version of the ship being built by Lockheed Martin. That one is now projected to cost $350 million to $375 million, according to Navy officials. The two ships were initially priced at about $220 million each.

Surprised? Not only can't we build inexpensive aircraft carriers anymore, we can't build little racing tubs! When row boats go for a million each, this spells our doom. So at the top end of our industrial base, we are selling off or closing all our native industries and at the bottom end where our vast military procurements happen, we are seeing utter chaos and corruption. And to pay for this mess, we go to the Japanese for cheap loans!

Even with the triumphant Japanese frantically building assembly plants in cheap labor communities, they can't hide the fact that our trade deficit with them is growing worse and worse.

On Tuesday, February 13, the Commerce Department said America’s trade deficit rose to $764 billion in 2006 as imports outstripped exports at a record pace for a fifth straight year, reflecting a huge jump in America’s foreign oil bill and a record imbalance with China. In December alone, the deficit rose a worse-than-expected 5.3% to $61.2 billion.

The gap between what the United States sells abroad and what it imports was 6.5% more than the 2005 record of $716.7 billion. The Atlanta Journal-Constitution reports, “The United States has now run a trade deficit for 31 consecutive years. In the past five, the deficit has surged 110 percent while, in that same time, the economy has grown about 32 percent.”

So we have the Chinese do what the Japanese have done, right? What a nifty solution. Over half of my life, since we lost the colonialist Vietnam war, we have been running a trade deficit. Each dollar in this deficit adds to our worsening condition. The deficit isn't static or going up and down. It has been shooting straight up. And now, it is DOUBLING every five years! How much longer can that go on?

If our entire economic worth is $44 Trillion and our trade deficit doubles every five years and it is a trillion right now, then in around 20 years we will have $0 economic worth, right? $2 T---$4 T---$16 T--$256 TRILLION??? Obviously, after 15 years, we are automatically bankrupt. And this doesn't include our budget deficit which is also growing like kudzu weeds in a hot Mississippi summer.

Meanwhile, due to our sinking economic condition, we have to keep raising interest rates to attract Japanese Treasury bonds purchases!

On February 15, the U.S. Treasury Department reported net foreign acquisition of long-maturity U.S. securities, or net capital inflow, plunged to $15.6 billion in December, down 82% from $84.9 billion in November—the lowest monthly amount since July 2000 and nowhere near enough to cover the country’s trade deficit for that month. Some analysts said this shows a danger in America’s ability to finance its trade and budget deficits.

Net capital inflow represents money flowing into the U.S., while the U.S. trade deficit represents money flowing out of the country. Japan remained the largest holder of U.S. Treasury securities, with its holdings rising $6.9 billion in December to $644.3 billion. China remained the second-largest holder of U.S. Treasuries; its stake rose $3.1 billion to $349.6 billion.

Between themselves, the Japanese and Chinese now hold one trillion USA government bonds! Disgusting, isn't it? And at the rate they are buying these, thanks to the difference between Japanese or Chinese interest rates and American, in ten years, they will both hold over $10 trillion in government IOUs. But of course, they won't do that, will they? Worse, both countries, each, have a trillion dollars in FOREX loot! That is $3 Trillion outstanding and not counting the other 1$ trillion+ other countries hold, collectively. We need several billion in foreign funds a day to keep our economy floating.

At any time, they can demand we pay off our debts! This will raise taxes hugely. And we won't be able to buy their stuff. But it won't matter since our trade deficit will have wiped out our entire collective value! These ghostly numbers that are skillfully hidden from view, I track headlines and never, ever have I seen alarming headlines about all this! These ghastly numbers are laughed off. The chief economic editor of the News and World Report had the nerve to email me and chew me out about all this. He sincerely believes we will be richer in the future!

Other people tell me, we can buy stocks in Japanese and Chinese corporations and get rich that way.

And so the ability to commit treason becomes reflexive. This is the end of the road when one follows the 'greed is good, me, myself and I am best, the devil take the hindmost' philosophy.

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