By: perceptions_now
12/07/2009
11:06 pm Yahoo! Profile:
perceptions_now Did this message offend you?
Sign in to report abuse |
Reply to this message |
Yes, I have read quite a bit of Henry and I can reccommend him!
Henry's main site link -
http://www.henryckliu.com/index.html |
|
By: perceptions_now
13/07/2009
12:35 pm Yahoo! Profile:
perceptions_now Did this message offend you?
Sign in to report abuse |
Reply to this message |
Demand for fixed mortgages increases as experts predict RBA is done cutting rates
"We now expect that rates have bottomed out and that the next move by the RBA will be to increase rates, although we do not expect that move until early in 2011."
Link -
http://www.smartcompany.com.au/property/20090713-d emand-for-fixed-mortgages-increases-as-experts-pre dict-rba-is-done-cutting-rates.html
====================
I would tend to agree, it is more likely than not, that the next move may be upward!
And, due to international stresses, it could go far & fast! |
|
By: perceptions_now
13/07/2009
2:31 pm Yahoo! Profile:
perceptions_now Did this message offend you?
Sign in to report abuse |
Reply to this message |
Bernanke May Explain Fed Exit Strategy in Testimony Next Week
July 13 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke will likely show how the central bank will exit the biggest monetary expansion in history when he reports to Congress next week, economists said.
Link -
http://www.bloomberg.com/apps/news?pid=20601087&si d=aNU.UkT9EB68
===============
I'd like to see that! |
|
By: perceptions_now
13/07/2009
9:42 pm Yahoo! Profile:
perceptions_now Did this message offend you?
Sign in to report abuse |
Reply to this message |
Emerging Markets Priciest Since 2007 When Shares Fell (Update2)
July 13 (Bloomberg) -- The last time stocks in developing countries got this expensive was in October 2007, just before the MSCI Emerging Markets Index began a 12-month tumble that erased half its value.
The MSCI gauge trades at 15.4 times reported earnings, compared with 14 for the Standard & Poor's 500 Index, according to weekly data compiled by Bloomberg. When developing nations last commanded a premium, the 22-country benchmark sank 54 percent in the next year.
Link -
http://www.bloomberg.com/apps/news?pid=20601087&si d=a7qU7lfSEq7I |
|
By: perceptions_now
14/07/2009
2:08 pm Yahoo! Profile:
perceptions_now Did this message offend you?
Sign in to report abuse |
Reply to this message |
BOOMERS - WINTER IS COMING
Winter is coming. Are you prepared?
The approaching Crisis will be sparked by known existing threats that have been ignored and discounted by our Baby Boom leaders. These known threats include titanic current deficits, colossal unfunded future liabilities, and unavoidable Peak Oil. As the economy continues to hemorrhage jobs, Congress will do what they do best and spend billions more on stimulus pork. As the National Debt approaches $15 trillion in 2012, a spectacular collapse of the U.S. dollar becomes more likely. By 2012 the world will realize that Peak Oil is a fact. As demand outstrips supply, prices will rise dramatically. This is when a catalytic event is likely to plunge us into a harsh Winter of darkness and death. As the U.S. economy begins to collapse under the weight of debt and oil shortages, a terrorist attack using nuclear or biological weapons on U.S. soil would plunge the country into chaos. Other possible triggers could be a natural disaster such as an earthquake that destroys significant portions of California or a hurricane that destroys oil rigs and refineries in the Gulf of Mexico. Significant oil shortages will bring commerce to a halt. Food shortages would occur within a week of oil supply disruptions, as most of the food in our stores must be delivered by truck. As real unemployment reaches 25%, interest rates soar, and the dollar becomes worthless, civil unrest will breakout and the Department of Homeland Security will be called upon to fight and imprison its fellow citizens.
Link -
http://theburningplatform.com/economy/boomers-wint er-is-coming-1#comments
Close Gap/s.
==================
Whilst I may not agree with all of the content of this article, it is better to bring the monsters out of the closet, so that they can be seen for what they are, than to hide them away or pretend they are not exist! |
|
By: perceptions_now
15/07/2009
1:19 pm Yahoo! Profile:
perceptions_now Did this message offend you?
Sign in to report abuse |
Reply to this message |
NAB may raise funds to cover $4bn in toxic debt losses
NATIONAL Australia Bank could be prompted into a capital raising to cover losses of almost $4 billion from its portfolio of toxic debt, which is being investigated by the prudential regulator, analysts say.
The Australian Prudential Regulation Authority has been in talks with NAB for two months over the most appropriate method of valuing the $17bn toxic debt portfolio.
The structured credit portfolio, which was held in nabCapital, includes corporate bonds, commercial mortgage backed securities, collateralised debt obligations (CDOs) and synthetic CDOs (SCDOs).
All are being held on a hold-to-maturity basis and analysts say any writedowns could cost shareholders $3.9bn.
Link -
http://www.theaustralian.news.com.au/business/stor y/0,28124,25762361-36418,00.html |
|
By: perceptions_now
15/07/2009
4:09 pm Yahoo! Profile:
perceptions_now Did this message offend you?
Sign in to report abuse |
Reply to this message |
The Impact of a Trillion Dollar Federal Deficit
Both spending and tax receipts put in double-digit performances to produce a U.S. ten-digit deficit (actually $1.1 trillion) for the first nine months of the fiscal year and broke a monthly record of $94 billion in June. Spending came in at +20% compared to over a year ago and receipts were down 18%. "No doubt where this train is going," said John Sylvia, chief economist of Wells Fargo Securities. His additional comments follow below.
Link -
http://seekingalpha.com/article/148588-the-impact- of-a-trillion-dollar-federal-deficit?source=email
==================
I post this article many to highlight the US Federal Budget Surplus/Deficit graph, which it contains.
Why, because it demonstrates the enormous increase in surpluses, which were possible, in the period from the early nineties, to around 2005.
In the US case, they had been on a trend of increasing deficits for many years, in fact prior to 1970.
However, the period from around 1992 to 2002, saw a massive turnaround, peaking around 2001, with a substantial surplus.
Co-incidentally, Clinton (a Democrat) was in power for most of this period.
I do not post this to decry the turnaround of Howard/Costello, but merely put it into historical context.
The period 1992-2005, was the peak earning & spending years of the group, commonly known as the Baby Boomers.
And, this period is/was the culmination of the greatest economic boom in human history.
We are now on the other side of that BABY BOOMER PEAK and of PEAK Oil! |
|
By: andreihicks
15/07/2009
4:11 pm Yahoo! Profile:
andreihicks Did this message offend you?
Sign in to report abuse |
Reply to this message |
"Co-incidentally, Clinton (a Democrat) was in power for most of this period."
The crises that were Enron, MCIWorldcom and Arthur Anderson were all caused by a lack of regulation which began to occur under the Clinton administration.
So let's not go pumping Slick Willy's tires up too much. |
|
By: perceptions_now
15/07/2009
4:57 pm Yahoo! Profile:
perceptions_now Did this message offend you?
Sign in to report abuse |
Reply to this message |
"The crises that were Enron, MCIWorldcom and Arthur Anderson were all caused by a lack of regulation which began to occur under the Clinton administration."
Andrei,
Agreed! And the lack, is still there!
But, the main reason for the post was -
"I do not post this to decry the turnaround of Howard/Costello, but merely put it into historical context.
The period 1992-2005, was the peak earning & spending years of the group, commonly known as the Baby Boomers.
And, this period is/was the culmination of the greatest economic boom in human history.
We are now on the other side of that BABY BOOMER PEAK and of PEAK Oil!"
- to provide an accurate basis on where we have been, are at and are likely to go! |
|
By: perceptions_now
16/07/2009
8:11 pm Yahoo! Profile:
perceptions_now Did this message offend you?
Sign in to report abuse |
Reply to this message |
Verleger Predicts $20 Oil This Year on 'Devastating' Crude Glut
July 16 (Bloomberg) -- Crude oil will collapse to $20 a barrel this year as the recession takes a deeper toll on fuel demand, according to academic and former U.S. government adviser Philip Verleger.
A crude surplus of 100 million barrels will accumulate by the end of the year, straining global storage capacity and sending prices to a seven-year low, said Verleger, who correctly predicted in 2007 that prices were set to exceed $100. Supply is outpacing demand by about 1 million barrels a day, he said.
"The economic situation is not getting better," Verleger, 64, a professor at the University of Calgary and head of consultant PKVerleger LLC, said in a telephone interview yesterday. "Global refinery runs are going to be much lower in the fall. If the recession continues and it's a warm winter, it's going to be devastating."
Link -
http://www.bloomberg.com/apps/news?pid=20601087&si d=auTu3RI8WC1A
================
A question for viewers?
Is $20 Oil, GOOD or BAD? |
|
By: perceptions_now
16/07/2009
9:49 pm Yahoo! Profile:
perceptions_now Did this message offend you?
Sign in to report abuse |
Reply to this message |
CIT Calls Bailout Unlikely, Fuels Bankruptcy ConcernJuly 16 (Bloomberg) -- CIT Group Inc., the 101-year-old commercial lender running short of cash, said it probably won't receive a federal bailout, fueling speculation the company is on the verge of bankruptcy.
Talks with regulators have broken off and "there is no appreciable likelihood of additional government support," the New York-based firm said yesterday in a statement. CIT, once the biggest independent commercial lender, may seek court protection if no U.S. aid emerges, Standard & Poor’s said this week. The company said it is "evaluating alternatives."
Link -
http://www.bloomberg.com/apps/news?pid=20601087&si d=a5twPLxaG23Y
=================
It seems that the FED's don't think this bunch ARE TOO BIG! |
|
By: pansi1951
17/07/2009
6:29 am Yahoo! Profile:
pansi1951 Did this message offend you?
Sign in to report abuse |
Reply to this message |
<<It seems that the FED's don't think this bunch ARE TOO BIG!>>
......................... ......................... .....
I was wondering when the bail outs would finish. It had to happen sooner or later, sooner might have been better in the long run. |
|
By: perceptions_now
17/07/2009
12:45 pm Yahoo! Profile:
perceptions_now Did this message offend you?
Sign in to report abuse |
Reply to this message |
Ok, not too many willing, so let me put it this way.
CRUDE OIL, is only one basic "product", but it does SUFFER FROM SCHIZOPHENIA.
A LOW CRUDE OIL PRICE, IS actually, both GOOD AND BAD, DEPENDING ON YOUR PERSPECTIVE, at the time.
IF the OIL price IS LOW, then the CONSUMERS, at the petrol pump, WILL SAY LOW IS GOOD.
HOWEVER, LOW OIL PRICES, MEANS that OIL USAGE/DEMAND IS LOW, as the ECONOMIC FUNDAMENTALS ARE POOR AND from the overall perspective, LOW OIL PRICE IS BAD.
Of course, FROM AN ENVIRONMENTAL VIEW, it goes without saying that, LOWER OIL & coal USAGE/DEMAND, due to a lessoning impact of co2 and other related issues, IS GOOD.
CHANGE TO NEW CHARACTER !!!!!!!!!!!!!!!!!!!
Conversely, HIGH OIL PRICES, are not well received by the consumer at the pump and ARE VIEWED AS BAD.
Of course, HIGH OIL PRICES MEANS, that OIL USAGE/DEMAND IS TOO HIGH, COMPARED TO PRODUCTION/SUPPLY, which is falling due to Peak Oil.
SO, with high Oil prices, THE ECONOMY HAS BEEN TOO GOOD, the cost equation kicks in, IT THEN FALLS, as production/supply continues to ebb ON THE REALISATION PRODUCTION/SUPPLY CAN NOT KEEP UP WITH DEMAND, SO HIGH OIL IS BAD.
FINALLY, HIGH USAGE/DEMAND & PRICE OF OIL, from THE ENVIRONMENTAL VIEW, it goes without saying, IS BAD, as it continues to pollute & encourage the further exploration & usage/demand of Oil & Coal. |
|
By: perceptions_now
17/07/2009
12:54 pm Yahoo! Profile:
perceptions_now Did this message offend you?
Sign in to report abuse |
Reply to this message |
And, from him & from me, it should of course be -
SCHIZOPH R ENIA |
|
By: perceptions_now
17/07/2009
6:16 pm Yahoo! Profile:
perceptions_now Did this message offend you?
Sign in to report abuse |
Reply to this message |
California Budget Talks Falter as Treasurer Warns of Junk Debt
July 17 (Bloomberg) -- California Governor Arnold Schwarzenegger and lawmakers failed to resume talks last night over how to solve a $26 billion deficit, even after the state's Treasurer said crippling penalties from Wall Street loom.
Negotiations between Schwarzenegger and legislative leaders stalled late July 15, mostly over proposed cuts to school funding. That prompted Treasurer Bill Lockyer yesterday to warn that the impasse could leave the state with a junk rating on its debt and unable to borrow money.
Link -
http://www.bloomberg.com/apps/news?pid=20601087&si d=axSSonK5fO2s
====================
Too big to fail?
You Bet! |
|
By: perceptions_now
17/07/2009
6:23 pm Yahoo! Profile:
perceptions_now Did this message offend you?
Sign in to report abuse |
Reply to this message |
Obama Stimulus Fails to Reboot Economy as No Multiplier Effect
July 17 (Bloomberg) -- The debate over whether the $787 billion stimulus package is sufficiently large or efficiently designed obscures a broader question, some economists say: Can any fiscal measure pull the economy out of the recession?
With credit still crimped and the outlook for consumer demand gloomy due to rising unemployment and increased personal saving, no amount of government intervention will be able to stanch the hemorrhaging of jobs and quickly ease the U.S. out of its deepest recession in a half-century, they said.
"Many households that want to borrow can't, and many that can borrow won’t because they now must save for retirement the old-fashioned way,"
Link -
http://www.bloomberg.com/apps/news?pid=20601068&si d=aV_ua6MsOc4M |
|
By: pansi1951
18/07/2009
6:22 am Yahoo! Profile:
pansi1951 Did this message offend you?
Sign in to report abuse |
Reply to this message |
<<"Many households that want to borrow can't, and many that can borrow won�t because they now must save for retirement the old-fashioned way," >>
......................... ......................... .........
It's a brave new world out there, or is it reverting back to a brave old world?
I wonder if we will go back forty years, then move forward into a different path, like taking care of each other and the planet for a while? just wishful thinking..... |
|
By: cry_misty22
18/07/2009
1:42 pm Yahoo! Profile:
cry_misty22 Did this message offend you?
Sign in to report abuse |
Reply to this message |
| One of the main problems that we face and that is Governments have a finite resources i.e., the amount of taxes you and I pay each year. If unemployment continues to increase, the burden of paying the monies that the government needs to spends falls on those who in the main cannot afford to pay anymore. Have a look at the state government here in NSW. It has been cost shifting the obligatory expenses such as roads and basic infrastructure onto the poor councils who, in turn, pass it onto the rate payers who end up having to pay because if they don't then their houses or property will be forfeited because they can't pay their rates. It is up to we as ratepayers and tax payers to demand that all areas of government - federal, state, local and those who impose unjust burdens on us to get their houses in order just as we have had to. Viva La Revolution! |
|
By: perceptions_now
19/07/2009
3:25 pm Yahoo! Profile:
perceptions_now Did this message offend you?
Sign in to report abuse |
Reply to this message |
US Sen Bunning: FDIC's Bair Said Up To 500 More Banks Could Fail
WASHINGTON -(Dow Jones)- Federal Deposit Insurance Corp. Chairman Sheila Bair believes up to 500 more banks could fail, a U.S. senator said Bair told him in a recent meeting.
Link -
http://www.nasdaq.com/aspx/stock-market-news-story .aspx?storyid=200907161103dowjonesdjonline000753&t itle=us-sen-bunningfdics-bair-said-up-to-500-more- banks-could-fail |
|
By: perceptions_now
19/07/2009
3:27 pm Yahoo! Profile:
perceptions_now Did this message offend you?
Sign in to report abuse |
Reply to this message |
Ron Paul: Obama Will "Destroy the Dollar"
Newsmax: Congressman and two-time presidential candidate Ron Paul tells Newsmax the economic stimulus plan is a "total failure," and he's pushing a bill requiring the Federal Reserve to disclose its dealings so Americans can find out who the "culprits" are behind the financial meltdown. The Texas Republican also said the U.S. is on course to "destroy the dollar," the healthcare reform plan is "dangerous" and could bankrupt the nation — and he is fighting against those who "would socialize the country."
Link to video -
http://www.realclearpolitics.com/video/2009/07/17/ ron_paul_obama_will_destroy_the_dollar.html |
|
By: perceptions_now
19/07/2009
3:35 pm Yahoo! Profile:
perceptions_now Did this message offend you?
Sign in to report abuse |
Reply to this message |
"One of the main problems that we face and that is Governments have a finite resources i.e., the amount of taxes you and I pay each year"
cry_misty22,
Apparently, someone hasn't told that to the US government & the FED! |
|
By: perceptions_now
19/07/2009
4:21 pm Yahoo! Profile:
perceptions_now Did this message offend you?
Sign in to report abuse |
Reply to this message |
"I wonder if we will go back forty years, then move forward into a different path, like taking care of each other and the planet for a while? just wishful thinking"
pansi,
Sounds like a plan.
Do you know where we can borrow or someone can donate, a "time machine"?
Oh, and if it can be just big enough to fit the planet inside, that would be good!
I wish??? |
|
By: lkarnd99
20/07/2009
4:39 pm Yahoo! Profile:
lkarnd99 Did this message offend you?
Sign in to report abuse |
Reply to this message |
There is some disquieting information here, particularly where it states "Some U.S. embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year.
Some embassies are being sent enormous amounts of U.S. cash to purchase currencies from those governments, quietly. But not pound sterling.
==
Many Predict US Financial Collapse in September
July 18, 2009
by Charles (A Reader)
http://www.henrymakow.com/perhaps_we_should_prepar e_for.html
Let us contemplate the day in the near future when the consequences of financial chicanery finally outpace the ability of the governments, central banks and big media to cover up and obfuscate the truth.
Many respected voices have now gone on record that September 30 or thereabouts will be that day.
Bob Chapman [Internationalforecaster. com] revealed that the US State Dept has advised embassies worldwide to stock up on a year's worth of the local currency in anticipation of collapse of the US dollar.
Look for a temporary banking shutdown timed for around September 2009. As under Roosevelt, some banks won't reopen. 96% of bank reserves are currently held with the Federal Reserve who tells the banks not to loan the money, but rather to save it for further banking acquisition and consolidation.
Chapman foresees a bank holiday lasting 4-5 days. Chapman thinks this first bank holiday presages a much more significant bank holiday months to years later which will involve simultaneous devaluations of multiple currencies as well as other significant changes in the banking system.
Harry Shultz [as quoted in market w*atch.com] says "Some U.S. embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year.
Some embassies are being sent enormous amounts of U.S. cash to purchase currencies from those governments, quietly. But not pound sterling.
..cont |
|
By: lkarnd99
20/07/2009
4:42 pm Yahoo! Profile:
lkarnd99 Did this message offend you?
Sign in to report abuse |
Reply to this message |
cont..
Inside the State Dept., there is a sense of sadness and foreboding that 'something' is about to happen ... within 180 days, but could be 120-150 days."
Benjamin Fulford [http://benjaminfulford.t ypepad.com/benjaminfulfor d/] states that for almost a century the US Treasury Dept has been issuing specialized debt instruments to countries with which the US has had a trade surplus.
These complex debt instruments are tailored by complex treaties. Unfortunately, the recent US Treasury funding needs exceed the willingness of these creditor nations to extend additional credit.
Fulford writes, "The problem is that after nearly a century of issuing these debt instruments, the chickens are coming home to roost.
President Obama tried at the recent G8 plus 5 meeting in Italy to borrow more money than George Bush junior did in 8 years. He was told a resounding no. The result should be total economic chaos in the U.S. by September 30th."
Jim Willie [goldenjackass.com] writes of an Asian led initiative ending dollar hegemony beginning this weekend. Willie suspects that the Fed/Treasury is covertly loaning foreign central banks the money with which the central banks are now using to buy US debt.
Increasingly, US debt is being bought by foreign central banks taking up the slack of investors abandoning US Treasury debt.
Willie confirms Chapman's comments and says he solicited and received "multiple confirmations." He adds, "CHAOS WILL PREVAIL WITHIN SEVERAL MONTHS, PERHAPS A YEAR AT MOST{his emphasis}."
Jim Sinclair [jsmineset.com] has recently visited China meeting with its leaders. He states that China is increasingly more willing to take on the United States in its apparent maneuvers to inflate its way out of its debt crisis.
In early July Sinclair started a 120 day countdown till breakdown of the US dollar ends market manipulation and all those sour economic chickens come home to roost.
..cont |
|
By: lkarnd99
20/07/2009
4:46 pm Yahoo! Profile:
lkarnd99 Did this message offend you?
Sign in to report abuse |
Reply to this message |
cont..
OUT OF TRICKS
Seemingly the Federal Reserve/US Treasury have exhausted their bag of tricks. The Fed is fighting rising interest rates, a difficult task given the hyperinflationary debt financing it is now doing.
Once rising pressure on interest rates become too much for the Fed to control, there will probably be several sudden economic and financial surprises cascading with currently known dilemmas: crashing dollar; increasing home mortgage defaults; commercial mortgage defaults reaching critical mass; falling bond and stock markets extending insolvency of pension funds; defaults on debt by state and local governments.
And don't forget derivatives and further exposure of corruption and criminality on Wall Street. Bernie Madoff may soon have lots of company.
Unable to produce any more financial wizardry, the cynical federal government is arrayed in full battle dress uniform:
1] Mass forced swine flu vaccinations scheduled this fall performed under the specter of martial law;
2] Rumblings of extending the wars in Asia into Iran and Pakistan;
3] Rekindling the Korean conflict may also be in the cards. Of course, don't forget that both Iran and North Korea are client states of the British World Order.
All the recent saber rattling involving Iran and North Korea is wholly orchestrated. We need the distractions from the economic crisis, so our clients Ahmadinejad and Kim provide us with the necessary theater.
So what will come first, further banner headlines of dollar collapse and market crashes or the distracting theater of more war or 911 type events?
What will this fall really bring? It is not too far away so we shall soon know. Unfortunately, it may make last fall look pretty tame.
When the government answers economic distress by preparing for the worst, then the worst may very well be what happens.
===
No doubt those in the know are selling off their soon to be worthless $US.. |
|
