Another hedge fund find! Kenmar Global Asset Management LLC: it is run by men from the top national banks on earth....to fleece pension funds and steal money. Also, Japan continues to kill the yen, happy as a lark! Employment there is nearing 100% and prices, alone of all nations on earth, are dropping FASTER despite the dying yen! What a contridiction. Har. The present system is now going into high gear and this means we are going to see the biggest crash in the history of finances.
The yen headed for its biggest quarterly loss against the dollar since 2001 as a drop in consumer prices reinforced speculation the Bank of Japan will keep interest rates on hold.Japan's currency has declined 4.3 percent this quarter versus the dollar as investors borrowed yen to buy higher- yielding assets in carry trades. A report showed today Japanese consumer prices fell 0.1 percent last month. The central bank has kept its key rate at 0.5 percent, the lowest amongst major economies, since February.
Never in my life have I seen a currency collapse without hyper-inflation at home. But the Bank of Japan has cooked up a situation where this is happening. Japan, of all countries on earth, one of the countries with the least natural resources, is seeing prices fall FASTER and FASTER as inflation roars across the planet especially in things needed to run a modern industrial nation!
Yet their industry is shooting upwards at warp speed and their trade surplus with the world is the biggest on earth! How can this be? What is going on?
Asian stocks rose Friday after the Federal Reserve left U.S. interest rates unchanged and the yen weakened against the dollar, with Japanese shares led by strong gains in automakers such as Honda Motor Co. and Toyota Motor Corp. that have a large percentage of their sales in the U.S.
Everyone in Japan knows that if the yen dies, Toyota lives! This is now so obvious, all the systems in Japan are set to do this one thing: kill the yen and keep Toyota healthy! This scheme is a very destructive set-up. It is like a cancer: it is growing faster and faster and as the yen dies more and more and Toyota surges ahead of all other nation's auto industries, the entire world fiscal system is grinding its gears as it accelerates and brakes at the same time!
Solving this is simple: force the Bank of Japan to raise interest rates and give those poor Japanese workers living in closets a pay raise and build some housing for them for crying out loud! Giving them more than 200 square feet to live in means they can become consumers instead of window shoppers.
Prices in Japan can fall infinitely because they were very high compared to other nations in the first place for a long time due to the Japanese government locking out free trade! Prices for the battered Japanese consumer were the highest on earth for a long time and are entirely disconnected from the value of the yen. Since consumers in Japan can't get much credit even at 1% to buy anything, the credit they get is the same we get, it is the same rate as here!---This is insanity. There has been no buying sprees in Japan since 1994 when the interest rates offered to the elites dropped to under 1%!
There are a thousand reasons why Japan's elites have high prices in Japan. And if these are closed via negotiations, they would concoct a thousand new ways to keep out trade. And they will inch prices down in order to have cover for their funny money schemes.
Japan's consumer prices fell 0.1 percent in May, a pace of decline unlikely to deter the central bank from raising its benchmark interest rate, the lowest among major economies.Consumer prices excluding fresh food decreased for a fourth month from a year ago, the statistics bureau said today in Tokyo. The drop matched the median estimate of 45 economists surveyed by Bloomberg News. Prices fell at the same rate in April and 0.3 percent in March, the steepest decline in two years.
Hahaha. So, the Bank of Japan will raise rates to what? 0.85%? Wow. That is only about 5% below the rate the entire world charges on average! The fact that the world's leaders aren't howling about this will be explained today as I again, stumbled into the cave guarded by Hedge Fund Hell Hounds. I can see in the dark, so it wasn't hard to see what is going on with our satanic, wand-waving upper echelon elites. They are all conspiring with Japan!
The jobless rate held at a nine-year low of 3.8 percent in May and household spending rose for a fifth month, separate reports showed. Bank of Japan Governor Toshihiko Fukui said last month that price declines wouldn't necessarily prevent the bank from raising the key rate from 0.5 percent as long as it's confident about the prospects for economic growth.``The data aren't likely to deter the Bank of Japan from raising interest rates,'' said Takuma Kurosawa, global markets treasurer at HSBC Bank in Tokyo. ``We could see a hike in August.''
Aren't they smug? If the rate rises are anything less than 4%, they are a joke. It is meaningless. The first hikes from slightly above 0% sent the world markets into a three day spin. This next one will have no effect because they now understand the scam being run by Japan and are HAPPY WITH IT.
Our own Treasury, Reserves and trade commissions should be totally pissed off by all this, it is killing our nation, driving us deep in the red with our trade stats and strengthening our rivals, all of them. It is the singular cause of our woes since China has, since day one, simply piggy backed on the Japanese game. They didn't start it or set it in cement. They simply exploited it in a capitalist fashion.
The screaming at China was a smoke-screen by our elites who are in cahoots with the Japanese in this business. They hope to be very, very rich and they are getting fabulously rich, playing this game with the sons of Japanese war criminals who enslaved Asia and fought us to the bitter end.
China's economy may expand at the fastest pace in 12 years in 2007 and inflation will exceed the central bank's target, according to a report by economists at the People's Bank of China research department.Gross domestic product may grow 10.8 percent, said the report published in the Beijing-based China Securities Journal today. Consumer prices may rise 3.2 percent, the fastest pace since 2004 and more than the central bank's 3 percent cap.
Every year, the pundits wail that China's growth rate will fall. It never does. The Dragon flies high thanks to Miz Japan's currency manipulations vis a vis the USA. Since Miz Japan needs to export zillions of Toyotas to America, she has to keep up this game and the shadow of the Dragon is falling on her but she can't stop doing this because she hopes the US will protect her from the Dragon or...she can always slam the world's economic monetary fiat system into reverse and destroy the Dragon's FOREX reserves.
Will Japan do this? YOU BET! I suspect they did this at the beginning of the Asian Currency Crisis that had a Mysterious Cause no one can fathom. But who benefitted from it?
Japan! And who had the reserves to play fiat currency games that are very dangerous?
Japan. And the plan was to have such an overwhelming FOREX reserves, no one could tell Miz Japan who to screw. Only the Dragon outwitted her! Its FOREX reserves are beginning to destroy her iron grip on the dollar's international value!
Do note the dollar has been going down ever since the yuan has begun to rise. It is the Phoenix to the Dragon. Um, the emblem of China dating back 3,000 years is the Dragon and the Phoenix. Power and money.
The 15-year fixed-rate mortgage averaged 6.34% for the week, down from last week's 6.37% average. The mortgage averaged 6.43% a year ago.Five-year Treasury-indexed hybrid adjustable-rate mortgages averaged 6.30% for the week, down slightly from last week's 6.31% average. The hybrid averaged 6.39% a year ago.
And 1-year Treasury-indexed ARMs averaged 5.65% for the week, down slightly from last week's 5.66% average. The ARM averaged 5.82% at this time last year.
To obtain the rates, the two fixed-rate loans required payment of an average 0.4 point, while the ARMs required an average 0.5 point. A point is 1% of the total mortgage amount, charged as prepaid interest.
Despite energy and food inflation, the system in America is desperately trying to get interest rates for mortgages down so people can buy properties at grossly inflated value. This scheme has a downside as we can see. It can't work for very long. The rising stock market is false, too. It will correct by about 30+% too.
Now for my own news: it seems the Hedge Fund Hell Hounds have found a new rabbit to rip up. Inside this story, I find the Japanese connections to global domination via conspiring with world leaders who 'retire' to a life of treason and self-aggrandization.
The popularity of the environment and all things "green" has not escaped hedge funds: At least three dozen hedge funds are already applying environmental and social screens to the investment process, with more on the way according to industry reports.The strategy is to get a piece of the socially responsible investing market, estimated at approximately $2 trillion, according to the Social Investment Forum, specifically the environmental sector, which is growing rapidly.
Kenmar Global Investment Management LLC in Rye Brook, N.Y., which already manages multiple funds of hedge funds and has $3.6 billion under management, next month will launch a fund of funds comprising socially conscious and eco-friendly underlying hedge funds, according to the financial trade magazine Investment News.
I scan the news for names. And this name jumped out at me. I decided to do the usual sleuthing and voila, I hit pay dirt! Eureka. This global entity is small compared to the top 5 privateer equity funds I discussed last night. It is only 1/2 the size of the 6th biggest fund, Apollo Advisors LLD. It is amusing to poke around in the cave where the Kenmar Hell Hound lives.
The order, however, is looking like it is changing, and hedge funds jumping on board with their specific opportunity lust is sure to buttress more environmental consideration elsewhere in the investment markets, if only for one reason: activity. Hedge funds trade heavily and that activity will surely spawn other investors to seek opportunities in the green sector as well.
'Higher returns' are called 'alpha' by hedge fund hounds. The are dogs with ravening appetites. The vultures love the hell hounds because they leave dead body parts all over the planet. These are the suddenly unemployed workers and staff of all the companies these guys devour.
The need to have many fast trades is how they get rich because of derivatives. This is a quaint way of saying they skim off a percentage of each transaction and the money from these flows into their very private cave bank accounts located in tax havens run by royalty all over the earth whether they be the UAE royals, the Queen of England or the ancient royals of Liechtenstein and Monaco.
All these people meet secretly in various intresting resorts and capitals to plot. They discuss what I write about. They are very eager to lure everyone into their caves so they can dine but they don't want anyone to know they are the guys that keep the Hell Hounds leashed! They want to appear to us as nice people! Curtsy to the Queen, everyone! When she visited DC recently to plot with Bush privately as does Olmert and a host of others, no one in the media mentioned any grubby financial stuff.
Here is a news story I and most of the planet missed where the reporter actually gives names and connections whereby we can clearly see how the ruling elites work.
TOKYO, Japan, November 7 /PRNewswire/ -- Kenmar-Nihon Venture Capital, LLC ("KN") is pleased to announce today the appointment of Mr. Toyoo Gyohten to its International Advisory Board ("IAB"), chaired by the Right Honourable Jean Chrétien, former Prime Minister of Canada.Mr. Gyohten is President of the Institute for International Monetary Affairs and a former Chairman of the Bank of Tokyo. He retired in 1989 as Vice Minister for Japan's Ministry of Finance. He also worked for the International Monetary Fund and the Asian Development Bank where he was one of the founding members and served as Special Assistant to the President. He chaired Working Party III of the OECD in Paris from 1988 to 1990. He was a visiting professor at Harvard Business School and Princeton University, and co-authored Changing Fortunes with former US Federal Reserve Chairman Paul Volcker.
Mr. Gyohten's appointment to the IAB was made public by KN's Chairman, Mr. Robert A. Nihon. Mr. Nihon said: "We are delighted to welcome a gentleman with such enviable skills, expertise, talent and worldclass reputation. Mr. Gyohten is the first member of our IAB from the Pacific Rim and we will look to him to help provide KN and its associates and investors with unique insight in investment and other business opportunities around the world, and especially in the thriving Asian market."
So, several years ago, the ruling elites let the guys who set the rates and schemes in Japan, into their Olympian ranks? HAHAHA. They can see which way the kamikazi is blowing! I hope the Canadian readers of my news service recognize the name at the top: Chretien. All world leaders, when they win elections or in the case of Bush, steal them, they are visited by the ruling elites. Well, in the case of America, the people we get to choose for President are already very well aquainted with these people. Think Hillary gets her funds because they like her?
Nope. They know her and she will work for them. She will throw bones to the masses to keep them at bay, the owners of the Hell Hounds have LOTS of bones. But she will work for them, not us. Elections are meaningless so long as the media hides these connections and never mention what these people do when they retire and run off to get rich quickly. Mr. Jimmy Carter is an exception...and perhaps Al Gore. Both are hated by the press who attacks them at every turn and savages their books and screams like a demented baby whenever they try to talk to the people of America.
Here are more names on this list:
- Mr. Manuel Cutillas, former President, CEO and Chairman of the Board of Bacardi Limited, presently Honorary Mexican Consul to the Bahamas;- Mr. Lamberto Dini, former Prime Minister of Italy, Deputy Speaker of the Italian Senate, Italian Parliamentary Representative at the European Convention;
- Mr. Guy Saint-Pierre, retired Chairman of the Board of the Royal Bank of Canada;
- Sir Orville Turnquest, former Governor-General of the Bahamas;
- Dr. Ernesto Zedillo, former President of Mexico, presently Director, Yale University Center for the Study of Globalization.
Note that these gangsters often depart from the nations they led or ran. They all have NO intention of staying put where they do their nasty work. They get to row away and live elsewhere. Also note the guys running the Queen's private hunting preserves in the Bahamas are all represented here! They have to be fed, these dogs. This is why she lives in many palaces and has many servants despite England being no longer an empire. It isn't as far as the subjects there are concerned. The empire lives on within the Queen's own back pockets.
The people running the banking systems of major nations all skip off to supervise the hell hounds, don't they? They will happily hold the leashes. Are they patriots or traitors?
When everyone is making money, they are gods. But as this system collapses, they will be seen as the cause and they will then direct attention to their attendants, the poor Jewish financiers who fall for these royal schemes over and over and over again.
I would think the Jewish community would figure out this scam! The ruling elites cause a major financial collapse, their 'get out of the revolutionary guard's firing lines' is to turn the masses onto a convienent target: the Jews.
'Go loot the Jews,' they scream as they run off to their castles and hunker down. We saw this a mere 70 years ago! The German ruling elites unleashed the fury of the lower-working class Hitler upon the helpless Jewish community! Hitler wouldn't have gone five furlongs without the ruling elite's help! He got them caught up in a major disaster called World War II just as the Japanese Emperor got snagged into WWII by his servants. Note that the war ended only when he surrendered.
The ruling elites were horrified that their own would be put on trial so they hammered the US government (Churchill hammered Truman) to NOT put the ultimate criminal in Japan on trial but to restore his rule! Indeed, the lower class Nazis were executed but the elites only went to prison and even then, the Krupps and the other military/industrialists and the financiers of Hitler not only got out without much or any punishment, they had all their stuff restored to them while the German masses had to pay reparations to the Jews.
Anti-semitism is the Hell Hound's third head. Whenever the Jews work with the elites to dine off of trade and commerce, they are the ones whose heads are lopped off. Only the French, German and Chinese revolutions went for the jungular of the ruling elites. The horror of each of these revolutions keeps the elites awake at night. But during the day, they go running off to have fun and gleefully do all the things that will cause the collapse of the systems they are milking!
Just like the Russian royals spent a fortune on gold plated, covered with fancy miniature paintings and encrusted with diamonds Easter eggs right on the eve of the complete collapse of their finances or the Queen of France lusted for fancy diamonds which she couldn't get without scheming with rip off artists, or the Chinese emperor's mother just had to have her Jade Dragon Boat in the palace pond, all these people buy or do stupid, expensive things just before it all goes under.
This is the folly of humans. They can't help themselves. They get lured into the Cave of Wealth and Death and can't find their way out of the maze. And inside lives the Minotaur.
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I am amazed that day after day i find you still well, at your keyboard speaking your truth from the brutal reality that is veiled by handmaidens of power. Thanks for your efforts
While I don't agree with your every effort at hyperbole that is part and parcel of your writings, I always find your thoughts interesting and provocative.
That you still exist encourages me to believe the first amendment remains alive as well, and Admiral P and the company have not yet used TIA to eradicate those you challenge the king.
But then again in my paranoia I wonder DO you still exist or is your website a snare that reveals the repeat viewers who must of course be fellow travelers?
Somehow, your questions and those of the rest of the blogosphere must be turned into peaceful but forceful democratic action.
Dare we say third party?
To the extent we live beyond our means, in debt, over mortgaged, consumption exceeding wages..."they" control us. One cannot speak the truth to power if the loss of a months pay throws one out into the street .
Posted by: michael savoca | June 29, 2007 at 01:23 PM
Bravo...
Posted by: DD | June 29, 2007 at 03:10 PM
One thing to consider is that given global warming, being thrown out on the streets will be a bit less cold --- but a lot more damp.
I have developed a theory of borrowing, borrow to buy consumables only. Then walk away from the debt. In this way money truly becomes merdé.
Posted by: CK | June 29, 2007 at 04:16 PM
Owning land is great! Only if one is a tribal herdsman who periodically raids dying empires, does it pay to live landless. Land is power. Landlords are more powerful than tenants except in NYC, heh.
Hyperbole: I live on a mountain and this makes me very hyper and there are lots of boles here in all the oak trees...heh. I grope for words that wake up people from their slumber. Talk nice and it is a lullaby.
Posted by: Elaine Meinel Supkis | June 29, 2007 at 10:14 PM
Sooooooo,
The world system has failed the average Joe, that being me. What now Elaine? I owe a little less than I am worth, money-wise that is. Into what instrument(s) are you putting your mattress stuffings?
This is a serious question.
Don Parker
Tampa
Posted by: Don Parker | July 05, 2007 at 07:00 AM