End The Fed Demonstrations November 22

10/22/2008

Elaine Meinel Supkis

The confiscations of systems and wealth generating locations is beginning. The US has opened yet another window into the awful nothingness of the Cave of Wealth and Death. The 'rescue' amounts are now well over $2 trillion and rising weekly. The 90% losses from Lehman's collapse in the CDO markets is still not being acknowledged nor examined realistically. Bush promises MORE 'free trade' as he and other rulers push yet again for more of the Doha Round process to finish its job of killing the US industrial base. All the taps are wide open and all of this future wealth is vanishing today. Hedge funds are failing fast due to not being hedges at all but scams. The global trade collapse is confusing many mainstream commentators who would love to think that all is basically well, this is just some sort of odd glitch. It is not.

Argentina to take over pensions

Argentina's President Cristina Fernandez has signed a bill that will nationalise the country's 10 private pension funds. The move will put the government in control of almost $30bn (£18bn) of investments and is aimed at protecting them from the global market turmoil. Shares slumped amid fears of the move's impact and critics accused the government of trying to grab the funds.
*snip*
Ms Fernandez said that Argentina needed to protect those with pensions amid falling stock prices around the world. However, expectations of the announcement sent Argentine shares 11% lower and critics said the government simply wanted its hands on the money ahead of a tough budget year.

The minute any government is on the prowl for wealth, no one is safe. It doesn't matter if the government is 'capitalist' or 'communist' or any other possible system. When a government is in trouble, they confiscate stuff. They usually do this unilaterally and get it all rubber stamped or they don't do this at all and there is a violent revolution/coup. The #1 job of any government is to stay in power. They will do this no matter how messy. In a number of 'democracies' the power structure is built up on this system of opposition that is supposed to vacillate between 'left' and 'right' or 'labor' and 'capitalist'.

Due to the great diligence of the lobbyists and the rich, most nations do not have this dual system. Instead, there are very small differences in philosophy or systems which waver between to poles that are so close as to be indistinguishable to outsiders. Even if there are differences, the election process irons this all out and candidates end up sounding exactly the same even if their intentions for rule are not the same at all.

This ends up causing most elections in Europe and America as well as many other places to be all about personalities, skin color, religion or promises of future bribes like tax cuts. The US has seen many years of tax cut promises which have now bankrupted this nation and destroyed our entire power structure. Due to hostile aliens buying most of our debt, we are now in a state whereby the Average Joe and Jane imagines there is no limit to the debt we can take since none of this shows up in the local systems. We see no reduction in our lives, no dire effects. The goods keep pouring in from Asia, the money keeps magically entering into our national banking system and all is well. More tax cuts! We want more and more!

Anyone who talks about this is attacked or ignored. The main story line being run by the right wing is very simple: social security and health care for Americans are bankrupting the nation. The left simply is ignoring overhead costs. Neither side is relishing a realistic conversation with the voters about the dangers of our empire running up huge debts and being the center of global export trade. So let's go back to the news to see how free trade continues to kill America:

Bernanke supports higher spending

US Federal Reserve chief Ben Bernanke has said more government spending may be needed to combat economic weakness. A fresh round of stimulus would be a good idea, he told the US House of Representatives budget committee. Although Mr Bernanke stopped short of saying the US was in recession, he said the American economy was now in a "very serious slowdown".
Hopes of a fresh economic stimulus package pleased investors, with the main Dow Jones index ending up 4.7%.

Each injection is bigger than the last. Each has less impact. Last year, whenever the Fed or the Treasury injected fake funny money, the markets went totally wild with joy. The stock market shot up so much last September that it reached a peak! Then immediately began its present fall. Back then, all the main speakers on TV and in the mainstream media said that the decline was purely emotional. Of course, having Cramer run around TV screaming, 'There is BLOOD in the streets', was rather hysterically funny.

There was no blood. It was red ink. But to bankers and Cramer, this is their lifeblood.

Fed to Provide Up to $540 Billion to Aid Money Funds

(Bloomberg) -- The Federal Reserve will provide up to $540 billion in loans to help relieve pressure on money-market mutual funds beset by redemptions.

``Short-term debt markets have been under considerable strain in recent weeks'' as it got tougher for funds to meet withdrawal requests, the Fed said today in a statement in Washington. A Fed official said that about $500 billion has flowed since August out of prime money-market funds, which with other money-market mutual funds control $3.45 trillion.

The initiative is the third government effort to aid the funds, which usually provide a key source of financing for banks and companies. The exodus of investors, sparked by losses following the bankruptcy of Lehman Brothers Holdings Inc., contributed to the freezing of credit that threatens to tip the economy into a prolonged recession.

``The problem was much worse than we thought,'' Jim Bianco, president of Chicago-based Bianco Research LLC, said in a Bloomberg Television interview. Policy makers are trying to prevent ``Great Depression II'' by stemming the financial industry's contraction, he said.

The rabbit is out of the magician's hat. The cat is out of the bag. Even the dimmest wits in America are figuring out two things: the bankers are really socialists but are exclusionary socialists. Namely, they want money to be created and handed to them, not to us. They want to use us as collateral. Ask any banker if money can be lent at cheap with no collateral. They will laugh maliciously.

No, to get those cute 1% loans, you need to put up some collateral. And the true collateral here is the US taxpayers and everything they own. Note the top story. All our collective and individual wealth can be suddenly seized. Since the bankers and their buddies own our political system, they will get whatever they need.

The other fact the US public has become dimly aware is, they will NOT be bailed out with this magic money. They will have to pay a price and a steep price. If they ARE bailed out with funny money, this will be extracted in less than five years just like the Bush tax cuts, via inflation of food, fuel and other necessities.

Since there is a lot of propaganda from kindergarden on up poured into brains to convince US citizens that we are NOT an empire, it is hard for voters to understand the profound loss of sovereignty and international muscle the US has suffered during this last 8 years of wild misspending, wild debt accumulation and wild military expansionism.

The bail outs are now at $2.25 trillion!

Paulson announced the plan Tuesday, saying "we regret having to take these actions." Pouring billions in public money into the banks, he said, was "objectionable," but unavoidable to restore confidence in the markets and persuade the banks to start lending again.

In addition to the capital infusions, which will be made this week, the government said it would temporarily guarantee $1.5 trillion worth of new senior debt issued by banks, as well as insuring $500 billion in deposits in non-interest-bearing accounts, mainly used by businesses.

All told, the potential cost to the government of the latest bailout package comes to $2.25 trillion, triple the size of the original $700 billion rescue package, which centered on buying distressed assets from banks. The latest massive show of government firepower is an abrupt about-face for Paulson, who just days earlier was discouraging the idea of capital injections for banks. Analysts say the United States was forced to shift policy in part because Britain and other European countries had announced plans to recapitalize their banks and backstop bank lending. But unlike the British authorities, the Treasury secretary presented his plan as an offer the banks could not refuse.

"It was "It was a take it or take it offer," said a person who was briefed on the meeting, speaking on condition of anonymity because the discussions had been private. "Everyone knew there was only one answer."
*snip*
"I don't think there was any banker in that room who was going to look us in the eye and say they had too much capital," Paulson said. "In a relatively short period of time, people came on board."
*snip*
The Treasury will receive preferred shares that pay a 5 percent dividend, rising to 9 percent after five years. It will get warrants to purchase common shares, equivalent to 15 percent of its initial investment. But the Treasury said it would not exercise its right to vote those common shares.

Note how this story frames it as if the bankers didn't have the slightest idea why Paulson was calling them to DC! Oh, how barking CLUELESS they all were! HAHAHAHA. But they claimed to this reporter, to be shocked, just SHOCKED that things were screwed up and were collapsing after the Lehman bankruptcy and AIG demanded a humongous hand out! Oh, no. They had to be FORCED to take a hand out.

This reminds me of last year's story nearly at this same time frame: the same clowns in that room with Paulson in September were with him last year, too. And he and Bernanke blasted open a new hole into the Cave of Wealth and Death and said, 'This is a new lending window! And to prove it doesn't hurt to use it, we are inviting bankers to use it.' Then the bankers, squealing like pigs at a party eating cake, grabbed money from this new magic window. And they were able to give themselves record Xmas bonuses.

Since then, they are edgy. Will people figure out their latest scam? So they return to the media to tell stories about how their arms were twisted for force them to suck up huge funds in the trillions and then hand themselves a 10% cut in the form of bonuses. 'Look at the bruises our buddy and fellow conspirator made on our arms when he twisted them!' they all cry in unison. 'Oh, it hurts! Oh, it hurts, Precioussss.' Gads, all these gnomes are Gollums, aren't they?

Serial liars. Whiners who don't hesitate to kill us if this gives them one more house, one more car to add to their collections.

Do our rulers know enough to avoid a 1930s replay?

The commodity and emerging market booms are breaking in unison, leaving no more bubbles left to burst. Almost every corner of the world is now being drawn into the vortex of debt deflation.

The freight rates for Capesize vessels used to ship grains, coal, and iron ore have fallen 95pc to $11,600 since May, hence the bankruptcy of Odessa’s Industrial Carriers last week with a fleet of 52 vessels. Cargo deliveries dropped 15.2pc at the US Port of Long Beach last month, but that is a lagging indicator.
From what I have been able to find out, shipping is slowing as fast as it did in the grim months of late 1931. “The crisis is now in full swing across the entire world,” said Giulio Tremonti, Italy’s finance minister. “It is hitting the real economy, the productive forces of industry. It’s global, it’s total, and it’s everywhere,” he said.

This is from the UK. Yes, we are in a classic collapse of world debt accumulation. Note the last word: accumulation. It is not 'growing' but is SHIFTING. From the banks to the governments who then shift it to someone else. So long as the governments of all nations accustomed to shipping things to the US continue to fund the US debts, all will return to 'normal'. This 'normal' is fatal to the US public. But we are not told this since 100% of the US media is totally pro-world free trade.

This fall off in trade isn't due to barriers in the US. It is entirely due to the US public unable to go deeper into debt to pay for imports. The hope is, oil will be cheap again and thus, the US doesn't send so much money to energy commodity nations and resumes buying mostly Asian and European manufactured goods again. But this is an impossible dream except if we can gain access to the 0%-0%-0% system I keep harping on. This is already morphing into a totally anti-capitalist system whereby the government hands out loans to everyone and takes cuts on future profits that are NOT taxes but are partnerships with the government in the position of being able to confiscate whatever they need to keep afloat! Some partnership, eh?

Already, the horrid housing bill I was massively against, is doing this. Anyone foolish enough to sign up for it will regret it for they are now serfs of the state, quite literally. They will have to work off the principal of their house no matter what and gain virtually nothing if they sell eventually. Certainly, their heirs will gain little or nothing. Eventually, all we will pass onto our children will be heavily mortgaged properties!

The upper classes of Britain were in the habit of putting up bigger and bigger mortgages against their properties. So did the Russian ruling class. Then, when things went bad, they all went bankrupt during WWI when they should have had the resources to run up war debts. Even when England ran up huge loans with the US banks, this still sent the entire British landed elites into the doghouse. Most of their estates are now owned by foreign capitalists or the state and are now museums or schools and so on. The Russians were simply killed or driven out and the State took over everything, lock, stock and barrel.

Bush vows big push for Doha deal before leaving

(Reuters) - President George W. Bush vowed on Tuesday to press hard for a successful conclusion of the nearly 7-year-old round of world trade talks during his last few months in office.

"The recent impasse in the Doha Round of trade talks is disappointing, but that doesn't have to be the final word. And so before I leave office I'm going to press hard to make sure we have a successful Doha round," Bush said at a White House summit on international development.

Even with an all-out effort, it would be difficult for negotiators to finish every detail of a new world trade agreement before Bush leaves the White House on Jan. 20.

Bush is a traitor. He should be impeached and put on public trial. In this trial, we must detail how he actively destroyed our entire economy as well as our industrial base. China is flying astronauts and doing space walks, India is going to the moon right after the Chinese went there and Russia is putting our astronauts in space for a fee! And our economy is collapsing, the sea of red ink is deepening. And we have no funds to pay for things like space exploration. The wars we are fighting are not fixing anything real. In Afghanistan, we are totally losing that war.

And here is Bush, pushing very hard to increase the damage. Alas, the mainstream media heartily approves of this. So they are the problem, too. Much of our media is owned by aliens like Murdoch. He recently became a dual citizen which is a hip-hip-hooray moment in history. Ha. He is a very clever man. He works hard to appeal to the far right wing here in America while spending money in that dear little 'socialism for Jews only' kingdom of Israel. The ruling elites who run our media are very much for socialism....for themselves, their kin and other assorted special people. Some, like the owners of the NYT, want even other Americans to have a tiny taste of socialism but NOT any job protections. The biggest bullhorn for 'free trade' is the New York Times.

This is why the average American worker, pushed against the wall, watching jobs vanish, can't get a grasp on what is causing this tragedy. These workers struggle to pin the blame onto someone, anyone. But have no leaders. Ross Perot performed this function briefly and disturbed the dual similar systems set up by the Republicans and Democrats! But he was pushed offstage when he tried to form a new party. The Libertarians and Greens can still be minor spoilers in very close elections but this gains them absolutely nothing. It merely decreases the differences between the GOP and Dem candidates!

Unlike in 1990 when the US trade deficit was only $20 billion or less per year, today it is a yawning chasm of nearly a trillion a year and is at the very bottom of what ails our economic systems. Yet it is not an issue in this election. So Bush has been emboldened to set this mess in stone! And has the approval of everyone at the top.

A warning to the Ron Paul people: you can't have a revolution without a huge change in one's mind about all sorts of things! Any reactionary revolution you attempt will simply give the present players oppressing you, MORE POWER. Not less. For reactionary thinking is all about the status quo. Got that? If you want the old, old status quo, you will be defeated. For they will grant you the ILLUSION of the old times while reaming you all out!

Since many of you want revolutionary change in finances and taxes, etc. Including the very important part of withdrawing from our empire, then you must do battle with all the forces on the RIGHT, not the left. For the right is run by guys who make easy money via the military/industrial complex and free trade. And you all will never get any of them to join this 'revolution' of Ron Paul! Got that?

The ONLY way you can effect change is to go to the left and join forces! This is why I opened up the frontal debate about socialism and the meaning of Marx and all that. If you all can't grasp the importance of this, well. That's life! Full of frustrations. As an ancient revolutionary, I am very familiar with how all this works. The upper echelon debates we held at various world conferences about how to better the working conditions of the greater masses of people in the world, we had to discuss how to do this politically and ethically. It was a harsh debate!

At one conference, the Black Panthers threatened to beat me up. I stood on a chair and dared them to come at me! At another, the Troskyites went after me. They accused me of historical revisionism. HAHAHA. When Monty Python came out with the 'Holy Grail', the scene of the peasant anarchists sent me to the floor, laughing hard.

Chinese President Hu holds telephone talks with Bush

(Xinhua) -- Chinese President Hu Jintao on Tuesday spoke over phone with his U.S. counterpart George W. Bush about international cooperation to cope with the ongoing global financial turmoil.

The leaders exchanged ideas about the planned international financial summits and strengthening international cooperation to stabilize the financial markets.

Bush said the United States hopes to make joint efforts with the international community to seek measures to overcome the crisis and maintain the stability of the world economy.

Bush is a right wing President, head of the GOP and like Nixon and Bush Sr, he is always playing footsie with the Chinese commies. Now, if I were Ron Paul, I would resign from the party just for that! But at no time in Paul's history, did he leave the party even as the leaders openly kissed the communists on the cheeks, much less, all that buss-bussing the Saudi king with smooches galore! The Chinese ruling dragon called Bush and ordered him to continue free trade or die. And of course, Bush agreed with all his heart.

THIS DIDN'T MAKE THE US NEWS. The above story is from China. They want their readers to know that the Glorious Leader has the US President on a short leash. Two years ago, Bush was very insulting to Hu. But that was for domestic consumption. In private, he crawled to the Dragon Throne and told Hu, he wouldn't interfere with China destroying our economic base. This, of course, is treason. Just like Reagan running off to Japan to make one ten minute speech for $2.5 million. Open bribery which was ignored by the US public and few today know of this treason.

Financial crisis is shifting power to Asia, says HSBC boss Stephen Green

Speaking at a financial conference in Dubai, the banker also condemned the financial model that has led to the crisis as "bankrupt".

The crisis, probably the worst since the 1929 Wall Street crash, will offer several lessons, Mr Green said, but added that the underlying trend of movement from West to East would "not be derailed".

"The rebalancing of the global economy towards Asia, home to over half the world's population, and its implications for the Middle East, is the shift that will affect financial markets most profoundly," he said.
*snip*
The HSBC chairman also criticised the bonus culture at banks, "which has so often encouraged too much opacity and excessive risk-taking".

He added that the "high-leverage model of finance is bankrupt" and said securitisation of loans would survive. "You cannot bring the whole of the world's capital markets back on to banks' balance sheets."

The West kept looking wealthy due to debt accumulations. But all wealth will begin to flow to the 'East' which is a historic change. For 500 years, it flowed to the 'West'. Thanks to the invention and use of cannons and guns and the industrial revolution. Now, this is reversing. Yet the EU/US system still wants the illusion of wealth, thus the need for 'credit'. From top to bottom. This credit is now being created out of thin air which is most dangerous. Soon as people understand this is so we can fund free trade, the better. And as soon as people understand that the capitalists of the West worship the Chinese communists...HAHAHA. And we are supposed to fear socialism!

Like I keep saying, our fears are greatly misplaced. And this is deliberate. A massive amount of energy is spent on misinforming people so they split along left/right lines and argue about teen pregnancies and skin color. The day white workers unite with black ones in the US is the day the Establishment fears the most. The day the right wingers end their battle over who gets to tell women whether or not they must have babies is the day the workers will be stronger. By insisting on enslaving women to their fertility, many right wingers end up appealing to never-do-wells like the Palins and their sexually active children who have no self control at all. If we focused only on the Prize which is the Economy, the left and right can unite. But so long as the right wants to control the personal physical bodies of one half of the work force, this will never happen. This is the same over the race stuff: all the right has to do is stop worrying about skin color and instead, look at people's connections with the Cave of Wealth and Death, we will have great power to change. And change has to include some sort of reward for workers: socialism in the form of social security retirements, free schools for the children, support for young mothers, good health care! How simple is this, anyway?

Protests and Hecklers Have Mortgage Bankers Longing for Good Old Days

Mr. Rove, the Republican strategist and former adviser to President Bush, was accosted onstage during a convention panel here on Tuesday morning by a protester who tried to handcuff and arrest him “for treason.” Mr. Rove tried to elbow her away before she was taken offstage.

No one was injured and no arrests were made, but the stage-storming was just the latest outburst at an event that usually packs all the excitement of a mortgage calculator. On Monday, another panel was interrupted by protesters demanding a moratorium on foreclosures, and hecklers screamed at attendees through bullhorns outside.

Arrest them all! HAHAHA. I love that young lady who bravely tried to enforce the laws of the land! I have done over 30 citizen's arrests and have had the joy of barking, 'You are UNDER ARREST,' while the criminal struggles to get out of my grip. I salute this brave woman! And note that she is doing the hard work here! She has been arrested but she is a HERO. A hero isn't someone who grins and just sits there while telling followers to have a 'revolution.'

This brings me to one fine Ron Paul supporter who is doing the right thing. Dr. Kirby in our comments section left this important message:

END the FED
11:22:08

On November 22, 2008 there will be protests at every Federal Reserve Bank and office in the country. Activists will demand an end to private banker control over the nation’s money supply and the return to a hard, commodity backed monetary system. The slogan is simple and direct: “End the Fed!”

The November 22 protests are intended as a kick-off to an ongoing campaign to educate and organize the public and take concerted, planned action. ONLY the conscious action of We the People can save the nation from ruin, plunder and total socialist tyranny. The time is NOW.

Protests will be held in the following 38 cities:

Boston, Philadelphia, New York City, Buffalo, Cleveland, Cincinnati, Pittsburgh, Richmond, Baltimore, Charlotte, Atlanta, Birmingham, Jacksonville, Miami, Nashville, New Orleans, Chicago, Detroit, St. Louis, Little Rock, Louisville, Memphis, Minneapolis, Helena, Kansas City, Denver, Oklahoma City, Omaha, Dallas, El Paso, Houston, San Antonio, San Francisco, Los Angeles, Portland, Salt Lake City, Seattle, Washington, D.C.

For more info and to sign-up for the protest, go to:
http://www.endthefed.us/

I hope to be in Manhattan with the camera and my note pad. Hope to see others there! I heartily endorse this demonstration. If anyone attends the other demonstrations, please send me emails about it and I will publish these! Bravo.

Velocity And The V-Shaped Recovery
Brian S. Wesbury and Robert Stein

Rather than being the first of several negative quarters of economic growth, we expect this will be a temporary capitulation to the credit crunch, with almost all of the economic losses postponing economic activity into what will turn out to be a healthy period of growth in the second half of 2009. To be precise, we expect real GDP to be flat in Q1-2009 but then grow at an average annual rate of 3% in the final three quarters of next year.

The reason: This sharp drop in growth is due to a temporary drop in velocity, due to a true credit crunch, with some panic thrown in for good measure. It is not a typical recession caused by fundamental, economy-changing events such as higher tax rates, tighter money, protectionism or other public policies that stifle innovation or entrepreneurship.
*snip*
If there is a slowdown in the turnover of money--say a 5% decline--the impact on nominal GDP growth is no different than if the money supply itself shrinks by 5%.

But there is good news. After ham-handing the rescue operation for months, the cavalry has finally arrived. The Fed has injected massive amounts of liquidity, driving the federal funds rate to roughly 1%--where it traded last week.

The cavalry is like the Keystone Kops. And it has rescued nothing. It simply took the magical flying piggy bank and used it to pour insane amounts of money into this mess. Displaying our ire over all this is important which is why the November 22 demonstrations are a good step in this direction. Just remember, a demonstration is useless unless it inconveniences someone powerful. This is why Congress was nearly totally united in passing laws outlawing US citizens interfering with anything the rulers are doing. We can't block doors anymore. We can't stop traffic! Or we can be put in prison. And calling for this is illegal, too. So I can't say, 'Stop traffic at Wall and Broad Street' or I would be inciting a revolution.

All dying empires do this. They outlaw even the slightest expression of ire. Note how that worked in the past: argh! Not at all. The Chinese communists crushed the Chinese students brutally. But then we took over part of Manhattan across the street from the UN and embarrassed both the Chinese and Bush Sr. and forced them to do some of the things we wanted. Like giving Chinese students in the US amnesty. At one point, Mayor Koch ordered the Manhattan police to arrest me and scatter the Chinese students. I said to the head of the NYPD that the only way they could haul me off was to kill me. They backed down. But since then, we have lost huge areas of citizen rights and live in a full police state. Last time I was in Manhattan, the military was occupying Penn Station and doing huge searches of random passengers. It was an armed camp, not a democracy of free people.

Frankly, it reminded me of East Germany, circa 1968.

CDO Cuts Show $1 Trillion Corporate-Debt Bets Toxic

(Bloomberg) -- Investors are taking losses of up to 90 percent in the $1.2 trillion market for collateralized debt obligations tied to corporate credit as the failures of Lehman Brothers Holdings Inc. and Icelandic banks send shockwaves through the global financial system.

The losses among banks, insurers and money managers may spark the next round of writedowns on CDOs after $660 billion in subprime-related losses. They may force lenders to post more reserves against losses after governments worldwide announced $3 trillion in financial-industry rescue packages since last month, according to Barclays Capital.

``We'll see the same problems we've seen in subprime,'' said Alistair Milne, a professor in banking and finance at Cass Business School in London and a former U.K. Treasury economist. ``Banks will take substantial markdowns.''

Back to the economy: the derivatives Beast still is munching away. Yesterday, the Lehman business with the 90% losses was supposed to be finished. Then, no news! I looked and looked. But found other news relevant to all this business:

Hedge Funds Worldwide Post Record Losses in September

(Bloomberg) -- Hedge funds worldwide posted record monthly losses in September, according to Eurekahedge Pte., as short sale bans and client redemptions amid the credit crisis hurt funds including Citadel Investment Group Inc.

The Eurekahedge Hedge Fund Index, which tracks 2,431 funds that invest globally, declined 4.7 percent, preliminary figures from the data provider show. The drop is the biggest one-month loss since it began collecting data in 2000 and the index, down 7.9 percent through September, is set for its worst year on record.

``The volatility has been difficult even for seasoned veterans to manage; one day the markets plunge on apocalyptic fundamentals, and the next day they surge,'' said Robert Howe, founder of Hong Kong-based hedge fund manager Geomatrix (HK) Ltd., which oversees $32 million. ``As many managers just liquidate to wait out the storm, or clients do it for them, money drains out of all investment strategies.''

These stupid gnomes can't manage volatility? HAHAHA. They were supposed to be geniuses at this stuff! Not fumble bums. All the hedge funds are dying in unison because they all ended up doing the same things at the same time. This is NOT hedging! It is herding! HAHAHA. And they herded themselves right off of the same cliff.

Wiki definition of hedge funds:

A hedge fund is a private investment fund open to a limited range of investors which is permitted by regulators to undertake a wider range of activities than other investment funds and which pays a performance fee to its investment manager. Although each fund will have its own strategy which determines the type of investments and the methods of investment it undertakes, hedge funds as a class invest in a broad range of investments, from shares, debt and commodities to works of art.

As the name implies, hedge funds often seek to offset potential losses in the principal markets they invest in by hedging their investments using a variety of methods, most notably short selling. However, the term "hedge fund" has come to be applied to many funds that do not actually hedge their investments, and in particular to funds using short selling and other "hedging" methods to increase rather than reduce risk, with the expectation of increasing return.

Hedge funds are typically open only to a limited range of professional or wealthy investors. This provides them with an exemption in many jurisdictions from regulations governing short selling, derivative contracts, leverage, fee structures and the liquidity of investments in the fund. A hedge fund will nevertheless voluntarily limit the scope of its activities via its contractual arrangements with the individual investors in order to give them some certainty surrounding the specific investments that will be invested by the hedge fund itself.

The assets under management of a hedge fund can run into many billions of dollars, and this will usually be multiplied by leverage, meaning that their influence over markets is substantial. Hedge funds dominate certain specialty markets such as trading within derivatives with high-yield ratings and distressed debt.[1]

See? They are not hedge funds at all. So we must rename them 'Herd funds' and view this like a herd of cattle being run off a cliff by a prairie fire or wolves chasing them. The main hedge tool was to short each other's organizations. This is sort of like running a protection racket which involves stabbing, robbing and kneecapping each other! As Cramer noted, 'There is BLOOD running in the streets!' HAHAHA. They shorted and cheated each other. And now are bleeding to death. What a stunning development.

Credit Suisse Funds

Barklay's Funds

Now back to the main reason they do these things: gnomes need lots and lots of money so their heartless souls can find goddesses to have sex with. To do this, they need palaces, yachts, diamonds, furs, antiques, artwork, etc. This is expensive as hell. They need all those Joe Plumber sorts to moo like cattle and be herded off the cliff so the gnomes can strip them of their last dimes.

Lloyds chief tells staff: you'll still get bonuses

The chief executive of Lloyds TSB, one of the banks participating in the £37bn bank bail-out, has promised staff they will receive bonuses this year despite Gordon Brown's promise of a crackdown on bankers' pay following the investment by taxpayers.

Eric Daniels has told employees that the historic government intervention will not change the behaviour of Lloyds, which is in the throes of the rescue takeover of HBOS brokered by the prime minister.

Arrest them all. Back yet again to Lehman's mess:

Notice to All Investors of Lehman Brothers Principal Protected Notes From the Securities Law Firm of Klayman & Toskes

The Securities Law Firm of Klayman & Toskes, P.A., www.nasd-law.com, announced today that it is investigating the sale of Lehman Brothers Principal Protected Notes ("Lehman Principal Protected Notes") by full-service brokerage firms to their customers. Also referred to as guaranteed linked notes, these securities were "structured products" that combined fixed income investments with derivatives. What resulted was a product that supposedly provided the protection of fixed income, with the upside of the stock market. Lehman Brothers (OTC:LEHMQ.PK) sold its North American investment banking and capital markets businesses to Barclays earlier this year. In the deal, Barclays agreed to buy Lehman's operations, along with trading assets valued at $72 billion, and trading liabilities worth $68 billion.

Lehman Principal Protected Notes were marketed by several brokerage firms, including Lehman Brothers, Citigroup, as conservative investments. Investors looking for income were advised that Lehman Principal Protected Notes would provide preservation of capital, a modest yield, and a slight gain in principal. In a brochure issued by Lehman Brothers, it stated that their "structured notes," which includes Lehman Principal Protected Notes, had "100 percent principal protection" and "uncapped appreciation potential" based upon the gains in the S&P 500 Index. In reality, however, investors of Lehman Principal Protected Notes were subject to a significant amount of risk.

Well, at least they can be sued. But that doesn't scare the other gnomes hardly at all. They all have very expensive lawyers, oodles of lawyers. They can tangle things up in court for years and years while they prepare their escape from the long arm of the law which is about 1" long, I fear.

Email this post

Culture of Life News Main Page

Comments

[whine@cheese]

Elaine, I do have an idea for a movement that will crippple the establishment: the anti-consumerism movement. Across the nation, we need to have a league of buxom babes advocate frugality as a patriotic obligation that will starve the cancer known as the banking cartel.
People always believe beautiful women: that's why they used enuchs in the old days!

[Simon]

Some 'hedge funds' are anything but, and they thrive on turning over the stocks to generate large amount of commissions. I know this since a honest fund manager who buy and hold can out perform heavily leveraged hedge fund most of the time.
Volatility like risk, cannot really be made to disappear, and events like last month makes it impossible and most traders have to go flat

As far as revolutions go most fail, a right wing coup is far more likely to succeed. This is why most struggles are reactionary. Only with great organisation skill and determination can the left succeed.

[Grok]

"The ONLY way you can effect change is to go to the left and join forces! This is why I opened up the frontal debate about socialism and the meaning of Marx and all that. If you all can't grasp the importance of this, well. That's life! Full of frustrations."

Elaine, I totally agree with the above. My concern however, is the demonization of the left by the MSM and our educational system. Very effective brainwashing.

During revolutionary times (an economic collapse e.g.) the "center" evaporates and forces the masses to move left or right. In the early 1930's, the German people were fairly equally split between the left and right. The industrialists ultimately sided with Hitler and he immediately went after the leaders of the left (Marxists)...even before the Jews, gypsy's, and handicapped. This is what I fear in the U.S. The groundwork has been set (see Naomi Kline) for reactionary forces to prevail. Class consciousness is as rare as hens teeth in the U.S. Americans are always looking for a savior. Making them quite ripe for a dictator. Uniting with a common goal and purpose is an alien concept to many in this country. And the petty squabbles between those on the left are disheartening too. Much like you described with the Black Panthers and Trotskyites.

I suppose, other than venting some of my cynicism, I am wondering if you have seen or heard of anything positive from the left? Something to give an old cynic reason for optimism?

[anonymous]

One correction Elaine:

According to media here in China, news report in Chinese for domestic Chines audience says Hu talked to Bush Jr. via BUSH'S REQUEST.

There will be a huge summit meeting between major Asian and European state leaders this weekend in Beijing. It was scheduled a year ago though.

[Rowan]

Compliments,Elaine,

That really is a "Dear Little Magic Pig".

I suspect it will soon be ALL GOBBLED UP by the Derivatives Beast. This should be a very Gory event.

All we can expect to see will be a few
gnawed bones, if anything.

[Buffalo Ken]

I've always thought "Dennis Kucinich-democrats" and "Ron Paul-republicans" could form a strong alliance. Very strong. As a member of the Green Party that is an alliance I have a feeling I'd support. Fiscal responsibility I suspect would be the primary unifying factor between the sides. Obviously there would have to be some agreeing to disagreeing and such....how's that for some optimism Grok?

Elaine - did you say the law was only 1" long? What a shame. I ready about Chicago-Fitz today - he sure skipped out of DC. Anyhow, the law might just be 1" in the US of A, but the scale of law are resolute.

Peace,
Ken

[Zelphyr]

Anything associated with Marx is doomed to fail. Marx was a failure. Communism and socialism as preached by Marx are failures, which is why China got off the bandwagon after milking Russia for everything they had.

There needs to be a new way, a balanced mix of capitalism, socialism and intelligence. Look to Singapore for a model, even the China chinese aspire for that.

Go back to classical prairie/frontier life and expand from there. The family works hard but keeps its own in bread and health. The head of family rules by experience and merit, yet needs to listen to all family members.

In socialism, the workers are brainless masses guided from above...it's all a prison-like hell vision.

[PJSV]

Elaine

please read this:
http://www.marketoracle.co.uk/Article6892.html

[Elaine Meinel Supkis]

My family was 'frontier' from 1600 onwards. Namely, we kept moving west, ending up in California by 1848.

And, pray tell, how did we do this?

Well.....we killed or drove off the natives, used slave labor in the south, and we stole everything. Bingo!

History is a bitch and the biggest bitches are people who rule the world and steal stuff.

By the way,

The people stuck out on the prairies afterwards, the second and third waves, ended up pretty poor.

[Simon]

Once you run out of slaves and indentured servants you have those massive empires left over to start equally huge wars like WWI
Colonialism is a nice touch when fighting stone aged people, however it won't fly at current world where plans for nuclear bombs can be downloaded from internet and ieds are better killers than clusterbombs.

[ralph]

Dear Elaine,
I will be at the NY FED on Nov 22nd. Please come down!!! We must get back to hard money, and honest banking. The shadow bank system is basically dead anyway.Lets strike while the iron is hot!!!

[Buffalo Ken]

I think I have encountered some pretty big bitches - usually, I just ignore them. I don't know for sure though, cause whenever I think I've seen the meanest bitch another one even meaner emerges......there are a lot of mean bitches out there, but they better not try to steal any of my stuff cause I will defend.

Now for a bit of stream of consciousness - there is this Suzanne Vega song entitled "The Queen and the Soldier". It didn't end well for the soldier in that song, but the soldier was stupid for going to the castle in the first place.

Peace,
Ken

[Buffalo Ken]

Anyhow Elaine, no offense meant, but if "your family" kicked-ass all the way to california, then why are you in upstate New York? This Carolina Fella is curious?

Are you different from the rest of your family? Only to a degree is it possible.

Peace,
Ken

[Buffalo Ken]

But I'm sure you already knew that cause everything has limits - even everything - even infinity. Zero is imaginary so it is inherently limited.

Just a bit-a-number talk.

Peace,
Ken

[Buffalo Ken]

Infinity is limited in time because as time goes by infinity constantly GROWS into something new......this is part of the reason why time travel is NOT possible.

Sorry for the digression although in my opinion calculus needs to be "revisited" because of the many errors it has introduced into folk's way of thinking about little things.

The term "socialism" seems to be a bit meaningless now because no one can even agree upon its definition, but I think some of the concepts underlying socialism have deep merit.

Later,
Ken

[ziff house]

A comment from somewhere;

''A new Bretton Woods Agreement is the institutionalizing of the US Federal Reserve as the lender of last resort for NATO economies as well as a few others.''

it may be crazy as hell , but if the alternative is hell everyone will agree to it. Long live the MIGHTY USA $. This is starting to look like a consolidation of US power with everyone beholden to the Dollar.

[Buffalo Ken]

and what the hell.

I'd also like to put out a debate challenge. In fact, this could be the first debate in the imaginary Constitutional Convention going on in my mind.

Does the government even need an "Executive"?

I'll argue either side, but I already know which side I'm on - at least in this debate.

The Executive needs to be diminished - Big-Bit-Time-Tib-Tub-Tab-Time; Big-time time. Big time diminished. Crap, I said "later" above. OK, this time I mean it.

Peace,
Ken

[Elaine Meinel Supkis]

No, Ziff. The booby prize is whoever is the trade currency. You see, everyone wants a US peg so they can flood us with imports. The Nixon floating currency scheme was set up to prevent this by having the dollar lose value whenever anyone imports too much.

The exporting nations then began to use their FOREX reserves of dollars to keep their own currencies super-cheap. The Japanese held euros, too for the same reason.

This is now causing gigantic trade imbalances! They want this fixed by making it much worse for the US. Isn't that sweet?

Ralph, I will let you know my plans when the 22nd of November comes nearer. Will probably stay at my daughter's place.

[Buffalo Ken]

ziff house - you must be crazy - who would be beholden to a piece of paper?

As is becoming more evident each passing hour, paper is losing value rapidly.

Peace,
Ken

[wuen]

Greeting,

As a Canadian, I hope american society will live in peace and harmony. It will stop using army troop to solve internal and external politic problems or to enrich a few corporations. I believe that to make this happen in the short term, there will be need of a revolution base on some theories (idealogies). What is this theories is up to the american to decide, because there will be no help from outside of America, who can understand or want, to solve your current financial and political problem.

As a outsider, I cannot help american, but I can support your revolution for peace and harmony by give you some strange advice from me. I believe there is a object that inhibit your revolution inside of every american household. This object can manipulate the feeling of the people. By using a lot of this object, it can confuse the mind. To be able to participate in a revolution that bring benefit to oneself and not lead to astray, the mind must be free from this object. The object I am talking about is the television, not computer. What I'm saying may sound strange, but I believe the tv cause people to lose their own mind, because it create a make-believe world. So I hope the first great act of this revolution will be to ditch your television to the dumpster. That fist step will show the will of the people to improve their life or bring real change.

Best revolution to you all

[ziff house]

Ken, in fact with each passing hour the dollar is gaining and hard currencies are losing.
I am crazy, but i want someone to counter what is becoming the prevaling view.

[Buffalo Ken]

I don't really understand the united states dollar thing either...cause it seems counter-intuitive; however, the "derivative pool" is immensely deep amongst those whose lives depend upon paper, and so perhaps they can use this seemingly unlimited supply of "collateral" (or maybe even some other collateral in some cave somewhere) to change day-to-day movements even over periods of weeks (months?)....BUT, its a dead end road and I think they know. Its mainly a dead end road for those who are pushing all the buttons that are making this fiscal fiasco continue...."feffef is fuffing tired of the bullshit"....the longer they do it the worse it will be for them....INDIVIDUALLY in my opinion. The rest of us should not be made to suffer from the mistakes of just a FEW. A few who need to get some religion when it comes to LAW. So there you have. My view for what it is worth.

Peace,
Ken

[ziff house]

from the link posted by PJSV above;;

''But across the emerging world, external bank loans have dried up - creating a scramble for foreign currency liquidity. ''

I don' t fully understand this either, but the point is, they are scrambling for dollars not oil , gold.

[Buffalo Ken]

But you know what I don't really care about the US dollar's ups and downs. I just want to abolish the fake-ass Federal Reserve. Liars from the get go - even with the name. I think I said this months ago. So did many other regular posters here.

Elaine points out the incredible conflict of interest with Paulson and besides hyper-hypocrisy, there is no explanation for this most inappropriate arrangement taken at face. It is a travesty and and indictment upon the character of the US government --especially out of DC.

1st amendment "right" or not, I'm gonna say it how I sense it and I encourage others to do likewise. Also, as I've said before I support and participate in "Direct Action" and I recognize the beauty of "Mutual Aid" and "Appropriate Technology".

Peace,
Ken

[Buffalo Ken]

Two links - one has "kropotkin" if it doesn't show due to length. Also, you can Google "Direct Action". OK - I suppose I better shutup for awhile, but "blues" did you see my mention regarding "composite" materials as well as the membrane-reference? As a chemical engineer, I think certain composite materials could take the place of gold for specific applications and membranes are likely to be essentially critical.

Anyhow, here are the sites:

http://dwardmac.pitzer.edu/Anarchist_archives/kropotkin/mutaidcontents.html

http://en.wikipedia.org/wiki/Appropriate_technology

Peace,
Ken

[RobG]

Ahhh, yes, back to that 'robust framework' for CDS's:

NEW YORK, Tuesday, October 21, 2008 – Robert Pickel, Chief Executive Officer of the International Swaps and Derivatives Association, Inc. (ISDA) today commented on the cash settlement of CDS trades on Lehman Brothers and on certain misperceptions in relation to the CDS industry.

The cash settlement deadline for Lehman is today, October 21. Based on industry estimates, a total of $6bn to $8bn is expected to have changed hands by close of business. This is approximately 1% to 2% of the $400 billion in CDS trades referencing Lehman and does not account for the effects of collateral, which will further reduce the payment amounts.

“Today’s settlement demonstrates that the industry infrastructure for CDS clearly works,” said Mr. Pickel. "ISDA and its members have developed a robust legal and operational framework that governs and guides industry participants through defaults and credit events, and that includes well-established procedures for evaluating, netting and settling outstanding trades. Recent developments in the financial markets underscore the value of the industry’s collective efforts."

[DrKrbyLuv]

Thanks for the “END the FED” plug, I agree this is an important first step in an ongoing campaign to abolish the criminal Federal Reserve System.

As stated earlier, the “END the FED” national rallies will take place on 11:22:08 and are intended as a kick-off to an ongoing campaign to educate and organize the public and take concerted, planned action. Protests will be held in the following 38 cities:

Boston, Philadelphia, New York City, Buffalo, Cleveland, Cincinnati, Pittsburgh, Richmond, Baltimore, Charlotte, Atlanta, Birmingham, Jacksonville, Miami, Nashville, New Orleans, Chicago, Detroit, St. Louis, Little Rock, Louisville, Memphis, Minneapolis, Helena, Kansas City, Denver, Oklahoma City, Omaha, Dallas, El Paso, Houston, San Antonio, San Francisco, Los Angeles, Portland, Salt Lake City, Seattle, Washington, D.C.

For more info and to sign-up for the protest, go to:
http://www.endthefed.us/

Most of the Ron Paul “Campaign for Liberty” meet-up groups are planning to participate. You will find a local group; internationally (US, Europe, Great Britain, Australia, Middle East, etc.), at:
http://ronpaul.meetup.com/

If like Elaine, you are heading for New York (that’s where the real power of the Fed resides), you might want to contact NY’s “Freedom Minded People”:
http://www.meetup.com/campaignforlibertynyc/

It might be a good idea for you; Elaine, to contact the New York group to gain a better understanding of the Ron Paul movement. You will find people of every race, creed, gender and age. Some might be gun rights advocates, some liberals, some conservatives and some democrats-republicans-third party and all coming together in the pursuit of freedom (especially financial freedom).

And, just to inspire everyone….

http://tinyurl.com/6kqycc

[Grok]

For those who could use a chuckle........

http://tinyurl.com/3g4p2j

[KC]

Great post, Elaine, and very nice flying pig! You are telling it like it is, as we used to say. You are not trying to sell gold or investment advice, or any of that. That's why I take what you say very seriously.

Average people make their buying decisions based on monthly cost. When interest rates were low you got more house for what felt like little money. Of course, you also got more debt, which is strangling people now. Same thing with automobiles and trucks. People now find themselves upside down in loans for the same trucks that dealers are selling at half price.

The elite who created this mess knew this would happen. They must be deeply cynical and as greedy as you say. They have revealed the utmost contempt for their prey, the "little people" who wanted to be ghetto fabulous in one form or another.

Tupac said: "It's the game of life. Do I win or do I lose? One day they're gonna shut the game down. I gotta have as much fun and go around the board as many times as I can before it's my turn to leave."

[Buffalo Ken]

I don't know about the pig and how could anyone die from "sexual frustrations". For an individual, sex is not essential - oh but I know, sex is nice. Regardless, sexual frustration is not fatal - so thinks feffef.

Hey where is "Blunt Force Trauma" to tell us that the DOW is so down? Hell, everything I own is down, but I don't care - just a big casino thats soon going to implode and I ain't going to be inside when that happens.

Oh KC - nice site.

Peace,
Ken

[jeff roby]

Elaine,

The political bind is that we have to move left, which means organizing the working class, the poor, as well as threatened sectors of the middle class. But with the right in power, they have a short-term interest in having money pumped into the system to preserve their very lives. If the working class is destroyed, there is no social force for change, and the best we can hope for is for the Chinese to start opening up soup kitchens in the U.S. maybe 50 years down the line.

There is no equivalency between keeping food on the tables of working families and funding the parachutes of the rich. But the rich want to play it that way. And unfortunately, liberals and progressives buy into that logic, some gleefully, some kicking and screaming, but nonetheless buying in.

I wish I had clear answers. But thank god you're asking the right questions.

[homero guajardo @ yahoo.com]

The High Price of Bullion
by David Ricardo
1810

If in the progress towards wealth, one nation advanced more rapidly than the others, that nation would require and obtain a greater proportion of the money of the world. Its commerce, its commodities, and its payments, would increase, and the general currency of the world would be divided according to the new proportions. All countries therefore would contribute their share to this effectual demand.

In the same manner if any nation wasted part of its wealth, or lost part of its trade, it could not retain the same quantity
of circulating medium which it before possessed. A part would be exported, and divided among the other nations till the usual proportions were re-established.

Connection: At this moment all of us that don’t have the inside information are just guessing. Here is my best guess based on the paragraphs transcribed above:

Asia is now claiming its fair share of the world’s gold. If the US tries to devalue de dollar in terms of gold, Asia threatens not to lend the US any more dollars- one billion a day is what the US needs. So it is the Asians that are forcing the dollar’s value to strengthen in terms of gold, this way they can acquire more of the precious metal. They have plenty of dollars to buy gold. This gold buying by the Asians will come to an end when they have enough gold and then the US dollar will plummet like a rock in water. It will not take long for the stocks of bullion are not that big.

[PLovering]

Benny and Hanky's dirty little secret.

http://market-ticker.org/archives/618-Congress-What-Bernanke-and-Hank-Arent-Telling-You.html

[Buffalo Ken]

homero quajardo @ yahoo.com

That sort of makes sense except I think "Asia" (which from a national standpoint doesn't exist as a single entity) would be wise to not let the dollar "crash" because they might still have plenty left over after they get the gold.....at that time why not let the dollar find its natural value, but nice and steady so as to keep essentially unneccesary chaotic disturbances to an absolute minimum. It would probably be in everyone's interest to keep the chaos down. Just one possibility I suppose.

Peace,
Ken

[Buffalo Ken]

And from that standpoint (assuming "Asia" can get the gold..) why would "Asia" really care about the value of the dollar. Best bet would be just to spend it ALL on the last chunk of gold. Then "Asia" might have something of value without being stuck with some possibly worthless United States dollars....

....of course, if there is more gold than this ("Asia's currency surplus") to go around, then what the hell is the problem - how bout spreading that gold around if this is the case. Silver too. In fact, especially the silver - physical silver seems to be hard to come by just now.

Anyhow, obviously the US is broke fiscally...and militarily, just to be frank, the US of A has shown incompetence at the highest levels, so I doubt that buys the US of A much. Still, there is considerable infrastructure in the US of A - as poorly kept up as it has been - that is of value and "foreign interest" should not be allowed to own the People's infrastructure. It is in our backyards - literally.

Peace,
Ken

[Buffalo Ken]

Plus, hells bells...how about some tariffs for items we can make ourselves especially to facilitate a bit of balance during this time of trade-disarray.

Global trade is a farce for the few that would make Adam Smith roll over in his grave.

Gracious.

[Buffalo Ken]

And lastly, Israel is NOT sacrosanct. No country is. People on the other hand. People are sacrosanct. All People. All languages. Racism is nothing but the derivative of a few who like to spew hate for their own unscrupulous, hideous, and ultimately death-fulfilling short-term and short-lived benefit. The republicans party as presented by the media has been most adept in this regard during that last little while. The democrats support it also in their own sham-filled shameful way. Thats why I thinkt he democrats should be the first to go because they are so fake. Although the republicans are so hateful, maybe they need to depart the scene first. I just want at least one of them out of the picture for good. The bankers are basically already on the way out - big time. Better ideas are emerging.

You reap what you sow.

Peace,
Ken

[Buffalo Ken]

To end my ramble, let me say one more time I support the November 22 "END the FED" protests - thank you DrKrbyLuv and Elaine and all other who recognize that unless their is Direct Action we will just be herded as has been done so often in the past.

I see that one of the cities is Charlotte - well it ought to be cause there used to be a bunch of banks here - I don't know what the future holds -- do you?

5 Makes Peace - maybe?
Ken

[DrKrbyLuv]

The "left-right" political spectrum is an engineered charade in the game the elites play for our reality. Opinions and bogus issues are baked daily on TV and in education.

Danger! Terror! Give up your rights to catch the boogie man!

He's a muslim! He's black! He will destroy the country!

Bush and Obama, McCain's and Rupert Murdoch, Colin Powell and Paulson, are all front men or puppets, dangled by those who are really in control.

We are taught to fight and have the conflict of bogus ideas and generalizations that lead to suspicion, problems,stress, and confusion. This is on purpose to keep us away from the issues and ideas that really matter. We find some solace and comfort from those who seem to be in the same group.

For example, it should matter little who controls the government; the issue is does the government control us or do we control the government. The government should fear the people but instead we are divided and in the end, we fear the government.

Both parties are corrupted by the real powers. We should never use the labels that they give us in forming opinions. This is a waste of time.

[Elaine Meinel Supkis]

I am very excited about the coming demonstrations. I want very much to photograph them, interview people and in all sorts of ways, learn what motivates people and why they came and how they found out!

This is very important: I feel that there is tremendous energy in the young sector of our nation: people under 35 years are always the bedrock for change! And I know that this is where much of the future energy lies.

People think our youth are slackers but under the facade lies a lot of intelligence and energy. I seriously enjoy talking to and learning what they think!

At the Paulson/Bernanke hearings were some very activist young men and women who were also wonderfully funny, they are the ones who held up the signs mocking Bernanke! They are a treasure.

[GK]

I am very confident that the rulers of our country, foreign and domestic, will pay lots of attention to these protests and return our country to sounds money.

HAHAHA! HAHAHA!! HAHAHA!!!!

http://dailydoseofterror.blogspot.com/2008/10/pandemic-americas-final-solution.html

Albright, Biden and Powell have all chimed in about a generated crisis to test manchurian puppet Obama when he gets selected to read scripts for the elites. This threataganda seems to be timed to coincide with the collapse of the US financial system when Obama takes office. It seems that a man made pandemic(read U.S. Military strain of a weaponized virus) will be unleashed. This would be the best way to manage the masses during a severe downturn - We can't have people gettting together during a depression now can we. When your neighbors get sick, you are going to tell them to get the fuck away from you, perfect way to keep people isolated and afraid, and most importantly, ready for whatever solution these sick fucks have schemed to cull and manage the herds. Please take time to read the 1st link below.

http://dotconnectoruk.blogspot.com/2008/10/so-what-were-top-military-commanders.html

[Elaine Meinel Supkis]

GK, Any time we can get together, en mass, we are troubling the rulers. I very, very, VERY much encourage this! Bravo to Dr.Kirby for telling us about this great opportunity to be heard.

[don]

Frontline on PBS last night-"HEAT"
Elaine, you wrote about this a few months
ago. If the Fed and Treasury doesnt destroy
humanity, the CO2 will. Congress and not one corporation is spending any money to curb these emissions. The Cement companies are some of the worse. Its a two hour program; that is scary, the glaciers are melting and there is nothing we can do to stop it. Even burning corn ethanol wont help. Now China and Pakiston are fighting on
the west border for water rights. Great program. Maybe the money being wasted on Wall Street should go fighting CO2.......

[ziff house]

Don, worse yet, there is the suddenly worse problem of 'dead ocean' or anerobic zones along coastlines. The credit explosion and the constant 'growth' are killing the planet, not just the economy.

[Buffalo Ken]

don - I so appreciate your posts, just about every one of them, but really you can't "fight" CO2 - but I suspect you already know that. CO2 is nothing but a chemical --- it is in our cokie-coca-cola (betcha they might have some interesting ideas amongst their researchers), it is liberated by yeast in so many processes, and oh yeah fossil fuel has concentrated carbon (but not the same concentration as a diamond) that we been burning as if we live in hell and their ain't no tomorrow.

Anyhow, CO2 emissions can be phased out rapidly to a more appropriate level and this is going to happen one way or the other. Oil and other carbon-based "resources" supplied from the ground can be used for the most beneficial purposes. Ecologically speaking, we are at the crossroads of serious choice when it comes to carbon.

Hey, here is a site I found today. Why do we have Palin (so to speak), when this is another voice from Alaska:

http://www.mikegravel.us/

I supported Gravel early on, just like I supported Kucinich and Ron Paul. Why are these voices not being heard in the large-scale media - makes ya wonder doesn't it. Large-scale for whom? Not me. Not most of us I think.

I'm going to try to be involved in the November 22nd protest and I'm going to encourage those I know to try to be involved also.

Peace,
Ken

[ziff house]

Just found my way to Denningers site, boy he's really good. But I'm still puzzled by the role that dollar hegemony will play in this.
Headline:
''WORLD BANKS RUSH TO AQUIRE CURRENCY THAT WILL SOON COLLAPSE!!!'

[Buffalo Ken]

Hey ziff house - maybe they have a death wish. Maybe it is going to come true for them - why anyone would have such a wish is a mystery to me.

Peace,
Ken

[Buffalo Ken]

Its like the name "Grateful Dead" - some of their music is awesome, but I just don't understand the name....what is the idea behind that? Regardless, the music is what really matters.

Peace,
Ken

P.S. No offense meant for any Grateful Dead fans out there....

[don]

Ziff:the program talks about how the co2 is killing
the algae in the ocean..you are correct..and Ken,
I didnt know how bad it was until I watched
that program, its worse than I initially thought.
thank you.......

[OC]

Elaine,

More bad news:

http://market-ticker.denninger.net/archives/623-The-Stark-Choice-Now-Facing-America.html

Better stock up on everything; it's going to hit the wall within weeks. The chain reaction will start once this happens and eventually spread globally just like Asia'97. Any country which is not on strong financial grounds will go down for good. The chain reaction will stop after all the weak ones are down and the strong ones and walking dead left standing. The next 5 years will see many walking dead finally collapse if no help arrives. All this in a matter of few months. God help us if what Karl predicts come true.