Evernote Openbook: Economic http://www.evernote.com/pub/pa30twin/Economic Notes from pa30twin's Evernote Openbook: Economic Tue, 06 Oct 2009 00:08:20 GMT MMnews - Gold vs. Paper Money http://www.evernote.com/pub/pa30twin/Economic#078f2f8a-99dc-4934-9e9e-8987697952e7
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Gold vs. Paper MoneyPDF| Drucken | E-Mail Von Lars Schall   Sonntag, 4. Oktober 2009
Egon von Greyerz, Managing Partner of Matterhorn Asset Management AG in Switzerland, is known for his clear cut analysis on worldwide financial developments. His message: “The Dark Years Are Here.” In an exclusive interview for MMnews, Mr. von Greyerz reflects on hyperinflation, the end of the “US empire” and his expectations related to the gold market.

Egon von Greyerz is the Founder and Managing Partner of Matterhorn Asset Management AG in Zurich (--->matterhornassetmanagement.com). Matterhorn and its gold investment division GoldSwitzerland are part of the Aquila Group, which is the largest independent asset management group in Switzerland. Mr.von Greyerz, born and educated in Sweden, started his career as a banker in Geneva, lived and worked for 17 years in London and  has been actively involved with financial investment activities including Mergers and Acquisitions and Asset allocation consultancy since the 1990’s. Every month, he publishes a Gold Market and World Economy Newsletter at Matterhorn’s website to share his views on current developments. GoldSwitzerland’s website is:  --->www.goldswitzerland.com.

 

Mr. von Greyerz, recently I did an interview with investment manager Marshall Auerback and asked him about his position on hyperinflation in the United States.[1] You have read his answer to that question. What are your thoughts on his arguments related to this topic – and why do you have a fundamental different opinion than Mr. Auerback?

Virtually without exception, hyperinflation arises as a result of a collapse of the currency. It does not stem from demand pull or costs running out of control.

The prerequisites for hyperinflation are a deflationary or non-inflationary recession/depression leading to major government deficits. The government issues debt paper to finance the deficits. Initially investors continue to buy the governmen...

]]> Tue, 06 Oct 2009 00:08:20 GMT http://www.evernote.com/pub/pa30twin/Economic#078f2f8a-99dc-4934-9e9e-8987697952e7 WHO Warns of Severe Form of H1N1 Virus - Health News | Current Health News | Medical News - FOXNews.com http://www.evernote.com/pub/pa30twin/Economic#38bf9997-55d1-461b-92cb-c4ac2bbf9c5d
WHO Warns of Severe Form of H1N1 Virus

Saturday, August 29, 2009

Doctors are reporting a severe form of H1N1 that goes straight to the lungs, causing severe illness in otherwise healthy young people and requiring expensive hospital treatment, the World Health Organization said Friday.

Some countries are reporting that as many as 15 percent of patients hospitalized with the new H1N1 pandemic virus need intensive care, further straining already overburdened healthcare systems, WHO said in an update on the pandemic.

"During the winter season in the southern hemisphere, several countries have viewed the need for intensive care as the greatest burden on health services," it said.

"Preparedness measures need to anticipate this increased demand on intensive care units, which could be overwhelmed b...

]]> Mon, 31 Aug 2009 02:45:15 GMT http://www.evernote.com/pub/pa30twin/Economic#38bf9997-55d1-461b-92cb-c4ac2bbf9c5d Bill would give president emergency control of Internet | Politics and Law - CNET News http://www.evernote.com/pub/pa30twin/Economic#77c368a8-40c9-4ee9-918a-e732a6d0f05a
They truly are working to control flow of all information.  Control that and you control the outcome of any "emergency." This is how you curtail freedom of speech during a crisis.  - Doug
 
August 28, 2009 12:34 AM PDT
Bill would give president emergency control of Internet

 

Internet companies and civil liberties groups were alarmed this spring when a U.S. Senate bill proposed handing the White House the power to disconnect private-sector computers from the Internet.

They're not much happier about a revised version that aides to Sen. Jay Rockefeller, a West Virginia Democrat, have spent months drafting behind closed doors. CNET News has obtained a copy of the 55-page draft of S.773 (excerpt), which still appears to permit the president to seize temporary control of private-sector networks during a so-called cybersecurity emergency.

The new version would allow the president to "declare a cybersecurity emergency" relating to "non-governmental" computer networks and do what's necessary to respond to the threat. Other sections of the proposal include a federal certification program for "cybersecurity professionals," and a requirement that certain computer systems and networks in the private sector be managed by people who have been awarded that license.

"I think the redraft, while improved, remains troubling due to its vagueness," said Larry Clinton, president of the Internet Security Alliance, which counts representatives of Verizon, Verisign, Nortel, and Carnegie Mellon University on its board. "It is unclear what authority Sen. Rockefeller thinks is necessary over the private sector. Unless this is clarified, we cannot properly analyze, let alone support the bill."

Representatives of other large Internet and telecommunications companies expressed concerns about the bill in a teleconference with Rockefeller's aides this week, but were not immediately available for interviews on Thursday.

A spokesman for Rockefeller also declined to comment on ...

]]> Sat, 29 Aug 2009 02:44:25 GMT http://www.evernote.com/pub/pa30twin/Economic#77c368a8-40c9-4ee9-918a-e732a6d0f05a Breaking Jim Willie on September/October. - The Tree Of Liberty http://www.evernote.com/pub/pa30twin/Economic#a6f0c10f-6dff-4f30-85d5-772c644fea32
The following is an excerpt from the third part of the August edition of the Hat Trick Letter, copyright by Jim Willie CB. www.goldenjackass.com

These are several snips I have made, so flow and punctuation may not be perfect:

Early snips
The US bankers have put together a nasty cocktail. They expect to force foreign creditors to drink it, but those who developed on Wall Street and the US government ministries will have to drink it themselves." - Petr from Germany (a banker und subscriber).

A deflation cocktail backfire is in the works. The preoccupation with falling prices of products and assets has distracted attention from the colossal monetary inflation and credit creation in USTreasury debt. A declining money velocity again ignores the bank sector. Prepare for price inflation. John williams provides a theory on the path to hyper-inflation from falling demand for money. A pictorial sequence tells the story sure to lead to powerful political pressures. The call to produce price inflation will become a loud scream soon. Pressure is relentless to turn on the inflation spigot full blast. The process is well along without much further push. Apparent stability precedes hyper-inflation, as floodgates are gradually opened over time, actively or passively.
◄$$$ MARTIN ARMSTRONG IS A FINANCIAL MARKET ANALYST, JAILED FOR KNOWING TOO MUCH ABOUT INNER WORKING WALL STREET CORRUPTION. HE IS PRESCIENT, AND GIVES FURTHER WARNINGS.

$$$ The latest analysis by Martin Armstrong has found its way from his prison bars. He cannot be totally silenced. He warns in an August 7th release entitled "Cycles & Pattern Projections" of a consolidation stage soon to end that lifts the gold price to triple its current level, first from a global monetary crisis, then a follow through due to the arrival of price inflation.
Armstrong wrote, "Gold continues to consolidate below $1000. This is a critical sign that confidence is swinging away from the government. Just as China is concerned for the dollar, they speak the truth, unlike the BS from ...
]]> Wed, 26 Aug 2009 00:00:40 GMT http://www.evernote.com/pub/pa30twin/Economic#a6f0c10f-6dff-4f30-85d5-772c644fea32 Federal Reserve loses suit demanding transparency | Reuters http://www.evernote.com/pub/pa30twin/Economic#1418553f-6bc2-4ff5-b64a-28bff71fd13e One cannot comprehend what this means if this ruling survives a certain appeal. Think about it. This is basically legally demanding that Ron Paul's audit the Fed bill gets passed in one form or another.  Huge. Doug Federal Reserve loses suit demanding transparency
Mon Aug 24, 2009 8:39pm EDT
 
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NEW YORK (Reuters) - A federal judge on Monday ruled against an effort by the U.S. Federal Reserve to block disclosure of companies that participated in and securities covered by a series of emergency funding programs as the global credit crisis began to intensify.

In a 47-page opinion, Chief District Judge Loretta Preska of the federal court in Manhattan said the central bank failed to show that disclosure would cause borrowers in the Federal Reserve System to suffer "imminent competitive harm," by stigmatizing them for using Fed lending programs.

"The board essentially speculates on how a borrower might enter a downward spiral of financial instability if its participation in the Federal Reserve lending programs were to be disclosed," she wrote. "Conjecture, without evidence of imminent harm, simply fails to meet the board's burden."

Monday's ruling comes as lawmakers and investors demand greater disclosure in how the government manages a series of programs designed to lift the economy out of its deepest recession in decades.

The case arose when two Bloomberg News reporters submitted requests under the federal Freedom of Information Act (FOIA) about actions the Fed took to shore up the financial system in 2007 and early 2008, including an expansion of lending programs and the sale of Bear Stearns Cos to JPMorgan Chase & Co (JPM.N).

After the Fed resisted the request, Bloomberg sued to compel disclosure.

Preska concluded the Fed "improperly withheld agen...

]]> Tue, 25 Aug 2009 02:16:14 GMT http://www.evernote.com/pub/pa30twin/Economic#1418553f-6bc2-4ff5-b64a-28bff71fd13e This is starting to make the point I am going to make in my new book. It isn't about man's institutions, it simply is about freedom. The rest will take care of itself. - Doug http://www.evernote.com/pub/pa30twin/Economic#4c7b58b8-5487-46a1-8e47-dd27c6b78720
This is starting to make the point I am going to make in my new book.  It isn't about man's institutions, it simply is about freedom.  The rest will take care of itself. - Doug
 
The Sotomayor Scare
by Chuck Baldwin's Son: Timothy Baldwin
August 21, 2009

[Note: My son, Tim, writes today's column. He is an attorney who received his Juris Doctor degree from Cumberland School of Law in Birmingham, Alabama. He is a former prosecutor for the Florida State Attorney's Office and now owns his own private law practice. He is author of a new book, published soon by Agrapha Publishing, entitled FREEDOM FOR A CHANGE.]

Yes, yes, we have all heard the remarks from those who would call themselves conservative, libertarian or the like concerning the nomination and now swearing-in of Sonia Sotomayor to the United States Supreme Court, which took place on August 8, 2009. Yes, yes, books have been written by those conservative and libertarian editorialists and authors who have explained to us that the United States Supreme Court (US S CT) is "out of control" and how we must elect "conservative" Presidents to appoint "conservative" judges. Ironically, this infatuation with the federal government, and specifically with the judicial branch of the federal government, has actually (at least in part) created the growing enslavement of the people of these States United.

Certainly we should care about who sits on the US S CT bench. However, the time has come in our Confederate Republic (the USA) to acknowledge and understand that the power to govern ourselves justly and constitutionally is in the hands of the people of the several states of America--NOT in the hands of the branches of federal government. What most people in America have been duped to believe is that the US S CT is the final arbiter in all matters concerning government actions related to the US Constitution.

When it comes to US S CT rulings that contradict the US Constitution and that reject the historical facts and principles of our Republic, people feel hopeless and t...

]]> Sat, 22 Aug 2009 12:10:28 GMT http://www.evernote.com/pub/pa30twin/Economic#4c7b58b8-5487-46a1-8e47-dd27c6b78720 Fed extends consumer lending program through March - Yahoo! Finance http://www.evernote.com/pub/pa30twin/Economic#2e83a675-117a-47cb-8373-67dfe853c814
  • This would not need to happen if there was truly a recovery brewing. - Doug
Fed extends consumer lending program through March Fed extends US consumer lending program through March, will not expand types of loans made
  • By Martin Crutsinger, AP Economics Writer
  • On Monday August 17, 2009, 9:38 am EDT
  • Print

WASHINGTON (AP) -- The Federal Reserve has extended a program intended to spur lending to U.S. consumers and small businesses at lower rates, but the central bank will not expand the types of loans made.

The Fed on Monday said extended its Term Asset-Backed Securities Loan Facility through March 31 for most of the types of loans it makes. The program was scheduled to end on Dec. 31.

The TALF started in March and figures prominently in efforts by the Fed and the Obama administration to ease credit, stabilize the financial system and help end the recession. Under the program, investors use the funds to buy securities backed by auto and student loans, credit cards, business equipment and loans guaranteed by the Small Business Administration.

The program for commercial mortgage-backed securities was extended through June 30 because issuing new securities in that area "can take a significant amount of time to arrange," according to a joint news release from the Fed and the Treasury Department.

The broader TALF program had gotten off to a lethargic start, hobbled by rule changes, investor worries about financial privacy and fears that participants might become ensnared in an anti-bailout backlash from the public and Congress.

The program has the potential to generate up to $1 trillion in lending for households and businesses, according to the government. Spurring such lending is vital to turning around the economy.

The Fed and Treasury on Monday said they were prepared to reconsider this decision if financial or economic developments conditions indicate that such an expansion would still be warranted. However, the government believes the financial system is beginning to stabilize after being hit last fall by the worst...

]]> Mon, 17 Aug 2009 13:49:43 GMT http://www.evernote.com/pub/pa30twin/Economic#2e83a675-117a-47cb-8373-67dfe853c814 China May Boost Energy, Mining Acquisitions by Half (Update2) - Bloomberg.com http://www.evernote.com/pub/pa30twin/Economic#bf7c1cbe-5b77-4201-a9f9-e8f6259c1508
This is known as protecting the purchasing power of your savings (i.e. U.S. Treasuries).  - Doug
 
 
RESOURCES
 
China May Boost Energy, Mining Acquisitions by Half (Update2)
 

By John Duce

Aug. 14 (Bloomberg) -- China, unfazed by failures to invest in Rio Tinto Group and Unocal Corp., will boost spending on oil and mining acquisitions by at least half this year to take advantage of lower valuations after commodity prices slumped.

State-owned Yanzhou Coal Mining Co. yesterday agreed to buy Australia’s Felix Resources Ltd. for about A$3.5 billion ($2.9 billion), a day after Sinochem Corp., China’s biggest chemicals trader, offered to buy Emerald Energy Plc for 532 million pounds ($881 million) to gain oil fields in Syria and Colombia.

China National Petroleum Corp.’s plan to buy Repsol YPF SA’s Argentine unit may push Chinese purchases of overseas commodity assets to $43 billion this year, a 48 percent increase on 2008, according to data compiled by Bloomberg.

“The Chinese don’t have enough nickel, don’t have enough oil, and they don’t have enough copper,” Jim Rogers, chairman of Rogers Holdings and the author of books including “Investment Biker” and “Adventure Capitalist”, said in a telephone interview yesterday. “There’s a crisis coming. They are going around the world buying up what they can. They’re preparing for a rainy day.”

Bids for resources by China, whose $2.1 trillion in currency reserves are the world’s largest, have been met with opposition in the U.S. and Australia. Neither concern over its growing influence nor the arrest of four Rio executives in Shanghai have stopped Chinese companies from buying assets abroad as the nation’s 4 trillion yuan ($585 billion) economic stimulus spurs demand.

‘Bolder Deals’

“China will see larger and bo...

]]> Mon, 17 Aug 2009 13:57:47 GMT http://www.evernote.com/pub/pa30twin/Economic#bf7c1cbe-5b77-4201-a9f9-e8f6259c1508 Glenn Beck - Current Events & Politics - List of Obama's Czars http://www.evernote.com/pub/pa30twin/Economic#85ce4526-02de-440d-96ac-40ac1cc867b2

 

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Home > Current Events & Politics > List of Obama's Czars

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List of Obama's Czars

August 14, 2009 - 12:50 ET

As of July 20, 2009:

• The Brainroom counts 32 czars in the Obama administration, based on media reports from reputable sources that have identified the official in question as a czar.
• In addition, President Obama has said that he will create the position of cyber czar, and there have been media reports that there could be a health insurance czar and a copyright czar. When and if those positions are filled, that would bring the total to 35.
• Since czar isn't an official job title, the number is somewhat in the eye of the beholder.

NOTE: positions that also existed under previous administrations are indicated with an *.

1. Afghanistan Czar - Richard Holbrooke

Title: Special Representative for Afghanistan and Pakistan
Salary: unknown
Reports to: Secretary of State Hillary Clinton
Appointed: January 2009
Department that might have handled similar issues: State

• Will work with CENTCOM head Gen. David Petraeus to integrate U.S. civilian and military efforts in the region.
• 45 years of experience have made him a fixture of the Democrats' foreign policy establishment.
• Was U.S. ambassador to U.N., 1999-2001
• Brokered the 1995 Dayton Peace Accords in Bosnia
• Also served as Assist...

]]> Fri, 14 Aug 2009 20:54:33 GMT http://www.evernote.com/pub/pa30twin/Economic#85ce4526-02de-440d-96ac-40ac1cc867b2 False ‘Death Panel’ Rumor Has Some Familiar Roots - NYTimes.com http://www.evernote.com/pub/pa30twin/Economic#3b780de8-1fd3-4c15-b37d-5f87c641d8f0
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False ‘Death Panel’ Rumor Has Some Familiar Roots
Steve Pope/Associated Press

Senator Charles E. Grassley spoke Wednesday to a crowd in Adel, Iowa, about health care.

Published: August 13, 2009

WASHINGTON — The stubborn yet false rumor that President Obama’s health care proposals would create government-sponsored “death panels” to decide which patients were worthy of living seemed to arise from nowhere in recent weeks.

A new blog from The New York Times that tracks the health care debate as it unfolds.

Multimedia A Much-Debated Health Care Proposal
Politics Podcast: Sam Roberts, Floyd Norris, Sheryl Gay Stolberg and Jim Rutenberg discuss the debate on overhauling health care.
 
Readers' Comments

Advanced even this week by Republican stalwarts including the party’s last vice-presidential nominee, Sarah Palin, and Charles E. Grassley, the veteran Iowa senator, the nature of the assertion nonetheless seemed reminiscent of the modern-day viral Internet campaigns that dogged Mr. Obama last year, falsely calling him a Muslim and questioning his nationality.

But the rumor — which has come up at Congressional town-hall-style meetings this week in spite of an avalanche of reports laying out why it was false — was not born of anonymous e-mailers, partisan b...

]]> Fri, 14 Aug 2009 13:19:46 GMT http://www.evernote.com/pub/pa30twin/Economic#3b780de8-1fd3-4c15-b37d-5f87c641d8f0 FT.com / US / Politics & Foreign policy - Newly elected Democrats waver on health plan http://www.evernote.com/pub/pa30twin/Economic#33b67351-bc41-4103-a8de-f934ec71ad4c
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Services Newly elected Democrats waver on health plan

By Daniel Dombey and Tom Braithwaite in Washington

Published: August 13 2009 22:08 | Last updated: August 13 2009 22:08

Two freshly elected Democrats are wavering in their support of healthcare reform, as a rancorous summer series of “town hall” debates appears to be ­hardening opposition against the Obama administration.

Frank Kratovil and Tom Perriello, who as freshmen congressmen would be expected to back the party leadership, both say proposals for expanding coverage to the uninsured are un­acceptable in their current form and should focus more on cost savings.

EDITOR’S CHOICE Obama on drive to tackle healthcare rage - Aug-12 In depth: Obama’s first year - Jul-11 Healthcare hard sell fails to calm fears - Aug-07 Editorial: Debating US health reform - Aug-11 Opinion: Health 2.0 could shock the system - Aug-12 Opinion: A runaway deficit may soon test Obama’s luck - Aug-10

Mr Kratovil, who was hanged in effigy by a healthcare protester at a town hall meeting in his state of Maryland, said he would have voted against legislation if it had come to a vote last month.

Tom Perriello, another new representative from neighbouring Virginia, also says he is not yet ready to support the current proposals in the House of Representatives, partly because he is “still getting feedback from . . . constituents”.

Neither man has ruled out voting for a revised package.

Billed as a chance to sell healthcare reform to the American people in small meetings across the country, the town hall debates have seen protesters screaming at their elected representatives.

In spite of hopes by proponents of r...

]]> Fri, 14 Aug 2009 13:19:44 GMT http://www.evernote.com/pub/pa30twin/Economic#33b67351-bc41-4103-a8de-f934ec71ad4c Banks’ Toxic Assets Still There: The Accounting Cannot Be Trusted | Daily Markets http://www.evernote.com/pub/pa30twin/Economic#6604d8ac-caf6-4b3f-bfd7-65639a9a953b
New York  09:10:39 London  14:10:39 GMT  13:10:39 Tokyo  22:10:39 Singapore  21:10:39
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Banks’ Toxic Assets Still There: The Accounting Cannot Be Trusted By Dirk Van Dijk on August 12, 2009 | More Posts By Dirk Van Dijk | Author's Website

The Congressional oversight panel (COP) of the TARP program is just out with its August report (http://cop.senate.gov/documents/cop-081109-report.pdf). In it, it warns:

“Treasury‘s choice to pursue direct capital purchases resulted in a notable stabilization of the financial system, and it allowed the write-down of billions of dollars of troubled assets and reserve building. But, it is likely that an overwhelming portion of the troubled assets from last October remain on bank balance sheets today.

“If the troubled assets held by banks prove to be worth less than their balance sheets currently indicate, the banks may be required to raise more capital. If the losses are severe enough, some financial institutions may be forced to cease operations. This means that the future performance of the economy and the performance of the underlying loans, as well as the method of valuation of the assets, are critical to the continued operation of the banks.

“For many years, banks were required to mark their assets to market, meaning they listed the value for many assets based on what those assets would fetch in the marketplace. In response to the crisis, banks have been allowed greater flexibility in the way they value these assets. In most cases, we would expect the new rules to hav...

]]> Thu, 13 Aug 2009 13:10:39 GMT http://www.evernote.com/pub/pa30twin/Economic#6604d8ac-caf6-4b3f-bfd7-65639a9a953b RockCreekFreePress Articles http://www.evernote.com/pub/pa30twin/Economic#9b0e1a9e-9aa0-4682-a0c2-d3a1fdc1eb5f
    Recent Articles in the Creek

Washington, DC

The Rock Creek Free Press: A fiercely independent newspaper, not afraid to print the truth.

Contact us at: editor@RockCreekFreePress.com

 

Aug 01
The Second Wave of The Depression: Hyperinflation Likely
Webster Tarpley responds to Ellen Brown’s article about hyperinflation in the July issue

By Webster Tarpley
July 15, 2009
The second wave of the world economic depression is coming soon. Larry Summers, the economics czar of the Wall Street puppet regime currently in power in Washington, recently confessed to the Financial Times in an unguarded moment: “I don’t think the worst is over ….” A few weeks earlier, Jacques Attali, who served in the 1980s as the main economics adviser to French President Mitterrand, told an audience at the International Economic and Financial Forum (FIEF) in Paris that the world might well soon face a planetary Weimar “in the form of a hyperinflationary depression similar to the German events of 1922 - 1923.

During the last world economic depression, the first wave came in the form of the famous New York Stock market crash of October 1929. But this was only the beginning, and hardly the main event. The world depression of the 1930s was made irreversible by the British bankruptcy of September 1931, when the Bank of England ceased gold payment. At that time, the vast majority of international trade was financed by pounds sterling bills of exchange drawn on London. When the British Pound began to float through a series of competitive devaluations, the lack of a stable reserve currency — and not the US Hawley-Smoot tariff — strangled world trade, thus making that depression as severe as it was. British default in turn undermined the US banking system, setting the stage for the banking panic which ravaged the United States in 1932 and 1933, to the point that not a single bank in the country was still operating by the time Franklin D. Roosevelt assumed the presidency in March of 1933. The United States would almost certainly have been lash...
]]> Thu, 13 Aug 2009 03:08:02 GMT http://www.evernote.com/pub/pa30twin/Economic#9b0e1a9e-9aa0-4682-a0c2-d3a1fdc1eb5f Entering the Greatest Depression in History http://www.evernote.com/pub/pa30twin/Economic#4ce60b1d-0d0d-4bc7-a3b3-e8ffe5587d41

 
  ArchivesCountriesAuthor Index |Global Research RSS Feed
by Michel
Chossudovsky
also available in pdf format
Seeds of
Destruction

by F.William Engdahl
The Globalization
of Povertyby Michel
Chossudovsky
now available in pdf format      August 11, 2009   The H1N1 Swine Flu Pandemic 
Entering the Greatest Depression in History
More Bubbles Waiting to Burst
 
by Andrew Gavin Marshall
 
.Global Research, August 7, 2009- 2009-08-06
 
 
   
 

Introduction

 

While there is much talk of a recovery on the horizon, commentators are forgetting some crucial aspects of the financial crisis. The crisis is not simply composed of one bubble, the housing real estate bubble, which has already burst. The crisis has many bubbles, all of which dwarf the housing bubble burst of 2008. Indicators show that the next possible burst is the commercial real estate bubble. However, the main event on the horizon is the “bailout bubble” and the general world debt bubble, which will plunge the world into a Great Depression the likes of which have never before been seen.

 

Housing Crash Still Not Over

 

The housing real estate market, despite numbers indicating an upward trend, is still in trouble, as, “Houses are taking months to sell. Many buyers are having trouble getting financing as lenders and appraisers struggle to figure out what houses are really worth in the wake of the collapse.” Furt...

]]> Tue, 11 Aug 2009 13:37:02 GMT http://www.evernote.com/pub/pa30twin/Economic#4ce60b1d-0d0d-4bc7-a3b3-e8ffe5587d41 Swine Flu's Worst Case Scenario: Paranoia or Preparedness? - Infectious Disease - FOXNews.com http://www.evernote.com/pub/pa30twin/Economic#e06b349f-50e8-442a-870f-aaaa9440e4f1
 
Swine Flu's Worst Case Scenario: Paranoia or Preparedness?

Monday, August 10, 2009
By Katie Cobb

An uncontrollable, deadly virus ravages America, shutting down civilian institutions and triggering martial law. Vaccinations are compulsory, and there are mass quarantines throughout the country.

It's the stuff of Hollywood — but rumors that it could be real are spreading like the flu in the blogosphere, where some people are loudly expressing their fears that the federal government is seriously considering such measures as it maps out a worst-case-scenario response to the swine flu pandemic.

During the bird flu scare of 2005, the Bush administration added novel forms of influenza — including the swine flu — to the official list of "quarantinable communicable diseases," clearing the way for the forced detention of people who exhibit symptoms of the disease.

Now a proposal awaiting Defense Secretary Robert Gates' approval would allow the military to set up regional teams to assist civilian authorities in dealing with the impact of the swine flu pandemic. And some observers see this level of government preparedness as little more than a pretext for tyranny.

"The implications are far reaching," Michel Chossudovsky wrote on the Global Research Web site, which averages 18,000 visitors daily. "The decision points toward the establishment of a police state," he said.

"It would be extremely troubling and raise serious constitutional questions," Chris Calabre, ACLU counsel for technology and liberty, told FOXNews.com when asked how the civil liberties group would react to mandatory quarantines. "We opposed this in 2005 and will do so again because it gives the government blanket authority to hold anyone and has no due process."

Foreign governments, too, are thought to be drawing up worst-case emergency plans that rely heavily on armed forces.

"In addition to planning mass graves and crematoriums operating around the clock, governments are planning to implement martial law in response to a pandemic," Kurt N...

]]> Tue, 11 Aug 2009 12:43:32 GMT http://www.evernote.com/pub/pa30twin/Economic#e06b349f-50e8-442a-870f-aaaa9440e4f1 Military planning for possible H1N1 outbreak - CNN.com http://www.evernote.com/pub/pa30twin/Economic#1a1bd49f-2c99-4460-b55d-89aa52a3dcb9
/US
Military planning for possible H1N1 outbreak
  • Story Highlights
  • Military wants to establish regional teams to help civilian authorities respond
  • Proposal awaiting final approval from Defense Secretary Robert Gates
  • Military could provide support such as air transport, large-scale testing
July 29, 2009 -- Updated 0220 GMT (1020 HKT)
From Barbara Starr
CNN Pentagon Correspondent
 

WASHINGTON (CNN) -- The U.S. military wants to establish regional teams of military personnel to assist civilian authorities in the event of a significant outbreak of the H1N1 virus this fall, according to Defense Department officials.

The proposal is awaiting final approval from Defense Secretary Robert Gates.

The officials would not be identified because the proposal from U.S. Northern Command's Gen. Victor Renuart has not been approved by the secretary.

The plan calls for military task forces to work in conjunction with the Federal Emergency Management Agency. There is no final decision on how the military effort would be manned, but one source said it would likely include personnel from all branches of the military.

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It has yet to be determined how many troops would be needed and whether they would come from the active duty or the National Guard and Reserve forces.

Civilian authorities would lead any relief efforts in the event of a major outbreak, the official said. The military, as they would for a natural disaster or other significant emergency situation, could provide support and fulfill any tasks that civilian authorities could not, such as air transport or testing of large numbers of viral samples from infected patients.

As a first step, Gates is being asked to sign a so-called "execution order" that would authorize the military to begin to conduct the detailed planning to execute the proposed plan.

Orders to deploy actual forces would be reviewed later, depending on how much of a health thre...

]]> Thu, 30 Jul 2009 02:07:05 GMT http://www.evernote.com/pub/pa30twin/Economic#1a1bd49f-2c99-4460-b55d-89aa52a3dcb9 Palin formally steps down as Alaska governor http://www.evernote.com/pub/pa30twin/Economic#ba3c0839-5fd1-4620-9cad-3185a97e9639
BREAKING NEWS Nigeria toll hits 65 as police battle Islamists   4TH LD: DPJ pledges government not led by bureaucrats+   Karzai: Afghans want rules for troops changed   Mongolian lawmaker urges Japan to actively join resources development+   16 shot in Baltimore, including 12 at cookout   Philippines' Arroyo says she has 'no desire' to extend term+   UK teen escapes jail over White House bomb hoax   China, Taiwan leaders mark first contact since 1949   Philippine president vows not to seek fresh term   Astronauts go out on 5th and final spacewalk   3RD LD: Death toll from heavy rain in northern Kyushu rises to 12+   Verizon profit falls but revenue rises   65 dead in attacks in northern Nigeria: police   12 hurt at cookout in multiple Baltimore shootings   Aso raps DPJ as inconsistent, irresponsible over pledges+   Xilinx Virtex-6 FPGAs Enable Highest PCIe Bandwidth for Mainstream Applications With Compliant PCI Express 2.0 Endpoint   Hughes Communications, Inc. to Release Second Quarter 2009 Results and Host Webcast on August 6, 2009   America Movil and Qualcomm Empower Users to Mobilize Their Online Lives   Duane Reade Holdings, Inc. to Report Second Quarter 2009 Financial Results   IMAX and VieShow Cinemas Sign Multi-Theatre Deal    Allu.s.worldpoliticsbusinesssportsentertainmentsci/techhealthoddvideoimages.tvBig Hollywood AP:   Breaking  |  Alerts  |  World  |  US  |  Politics  |  Business  |  Entertainment  |  Life  |  Science  |  Odd  |  Sports  |  Tech Palin formally steps down as Alaska governor Jul 26 08:29 PM US/Eastern
By MATTHEW DALY
Associated Press Writer Comments (312)Share on Facebook



Alaska Gov. Sarah Palin jokes with a picnic goers as she serves burgers...



Alaska Gov. Sarah Palin talks with a supporter as she serves salmon burgers...



Alaska Gov. Sarah Palin waives to supporters as she serves salmon burgers...
FAIRBANKS, Alaska (AP) - Sarah Palin stepped down Sunday as Alaska governor to write a book and build a right-of-center coalition, but she left her long-term ...
]]> Mon, 27 Jul 2009 12:24:37 GMT http://www.evernote.com/pub/pa30twin/Economic#ba3c0839-5fd1-4620-9cad-3185a97e9639 Subject: The Coming Dollar Dump http://www.evernote.com/pub/pa30twin/Economic#ac54b8fa-d233-4119-a201-a10b2a701900
Subject: The Coming Dollar Dump
To:
Received: 2009/07/26 03:40:16
 

"But that is not that in the current world. Under Obama, the U.S.' military presence is damped down; the hegemonic nature of the reserve currency status is not deemed as important nor is as important to the Obama regime as it was to regimes past. The Obama Administration is hardly concerned at all about the status of the U.S. dollar as the world's reserve currency, and instead seems content to allow more and greater talk about an internationalized, multi-currency reserve system.

"Rather than taking Mr. Dai's comments on directly, the Obama Administration has met them with very clear silence, and as Sir Thomas More taught us all, 'Silence denotes consent.'"

Two Obvious Replacements

Two Obvious Replacements
For The Dollar

If President Obama allows the U.S. dollar to be deposed as the world's reserve currency, there are two candidates to replace it:

1) Special Drawing Rights (SDRs) issued by the IMF. Already based on a weighted average of the dollar, euro, yen and pound, the SDR would likely add the Chinese yuan to the mix.

This option would allow China and other nations that are currently overloaded with dollars to simply transfer these positions into SDRs, without suffering the losses in value associated with selling their dollars outright. Any losses would be absorbed by the IMF, and lessened by the corresponding rise in value of the other currencies in the SDR mix.

If this option is chosen, the dollar would be instantly and dramatically devalued...and gold would correspondingly increase in value.

2) Gold. Simply put, gold could be chosen as the new reserve currency, or included in the SDR mix. While there are obvious problems with this approach, most of them can be overcome by merely revaluing gold to reflect its scarcity relative to fiat currencies.

In other words, gold would be instantly assigned a value equivalent to thousands of dollars per ounce.

Of course, some may think this scenario is unlikely, considering that China and many other ...

]]> Sun, 26 Jul 2009 13:29:37 GMT http://www.evernote.com/pub/pa30twin/Economic#ac54b8fa-d233-4119-a201-a10b2a701900 Health Officials Say 40 Percent of Americans Could Get Swine Flu This Year - Pregnancy - FOXNews.com http://www.evernote.com/pub/pa30twin/Economic#2b002665-4ba8-4bd0-a601-61c5c7840bed
 
 
 
  
Health | Pregnancy Health Officials Say 40 Percent of Americans Could Get Swine Flu This Year

Friday, July 24, 2009

ATLANTA  —  In a disturbing new projection, health officials say up to 40 percent of Americans could get swine flu this year and next and several hundred thousand could die without a successful vaccine campaign and other measures.

The estimates by the Centers for Disease Control and Prevention are roughly twice the number of those who catch flu in a normal season and add greater weight to hurried efforts to get a new vaccine ready for the fall flu season.

Swine flu has already hit the United States harder than any other nation, but it has struck something of a glancing blow that's more surprising than devastating. The virus has killed about 300 Americans and experts believe it has sickened more than 1 million, comparable to a ...

]]> Sat, 25 Jul 2009 12:43:40 GMT http://www.evernote.com/pub/pa30twin/Economic#2b002665-4ba8-4bd0-a601-61c5c7840bed Hidden Agenda Transcript http://www.evernote.com/pub/pa30twin/Economic#272baacb-dbbc-4c6e-958e-c406b7ad01c5
                    


[INTRO]

NORMAN DODD: Rowan Gaither was at that time president of the Ford Foundation. Mr. Gaither had sent for me when I found it convenient to be in New York, asked me to call upon him at his office, which I did, and on arrival after a few amenities, Mr. Gaither said: “Mr. Dodd, we've asked you to come up here today because we thought that possibly, off the record, you would tell us why the Congress is interested in the activities of the foundations such as ourselves.” Before I could think of how I would reply to that statement, Mr. Gaither then went on and said: “Mr. Dodd, all of us who have a hand in the making of policies here have had experience operating under directives, the substance of which is that we shall use our grant-making power so to alter life in the United States that it can be comfortably merged with the Soviet Union.”

ANNOUNCER: Warning! You are about to enter The Reality Zone, a place where truth is stranger than fiction, where knowledge is king, where myths are shattered, and deceptions exposed. It's a place where the lessons of history are found and where true-life adventures reveal the hidden nature of man. If you proceed, you will not be able to return to the twilight zone from which you came. You have five seconds remaining to escape.

ED GRIFFIN: Welcome to The Reality Zone. I'm Ed Griffin. The story we are about to hear represents a missing piece in the puzzle of modern history. We are about to hear a man tell us that the major tax-exempt foundations of America since at least 1945 have been operating to promote a hidden agenda, and that agenda has nothing to do with the surface appearance of charity, good works, or philanthropy. This man will tell you that the real objective has been to influence American educational institutions and to control foreign policy of the federal government. The purpose of this control has been to condition Americans to accept the creation of world government. That government is to be based on the principle of collectivism, which is ...

]]> Sat, 25 Jul 2009 02:45:00 GMT http://www.evernote.com/pub/pa30twin/Economic#272baacb-dbbc-4c6e-958e-c406b7ad01c5 Chrysler says dealer legislation could force liquidation | Reuters http://www.evernote.com/pub/pa30twin/Economic#ca639bd1-64cc-4449-bfa1-c0d64f414393 ]]> Fri, 24 Jul 2009 16:56:04 GMT http://www.evernote.com/pub/pa30twin/Economic#ca639bd1-64cc-4449-bfa1-c0d64f414393 Commercial real estate prices in freefall - Boston Business Journal: http://www.evernote.com/pub/pa30twin/Economic#6816cf87-5beb-4500-a5dd-9af583aa455c
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Thursday, July 23, 2009, 9:14am EDT
Commercial real estate prices in freefall Boston Business Journal - by Katherine Conrad San Jose Business Journal

Commercial real estate values around the country have dropped 35 percent from their peak in October 2007, according to Moody’s REAL Commercial Property Price Indices.

The decline appears to be accelerating as the index dropped more than 15 percent during April and May. Transactional volume also fell along with value, which is showing signs of effects from distressed sales.

“May marked a new low for both counts,” the report said.

Along the lines of kicking a sector when it’s down, a rise in i...

]]> Fri, 24 Jul 2009 16:55:46 GMT http://www.evernote.com/pub/pa30twin/Economic#6816cf87-5beb-4500-a5dd-9af583aa455c Welcome To Jim Sinclair’s MineSet http://www.evernote.com/pub/pa30twin/Economic#b9ea9831-29f2-43b2-b297-a653cd931f47
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Posted: Jul 24 2009     By: Jim Sinclair      Post Edited: July 24, 2009 at 11:57 am

Filed under: General Editorial

Dear Friends,

I loathe to bring attention to this as we are read by the Fed and Treasury. That fact is a compliment, but the inadvertent contribution to MOPE cannot be denied.

I guess being a family member of "Our Crowd" has bought me some leeway as long as I remain economically focused and do not get personal with the real power. I will not in an attempt to look out for all our best interests.

Yesterday and today we have been playing with a key area in the US dollar at which intervention is reasonable to assume.

It is key for sure as .7200 and then into the high .6000 is what is lurking in this Battle Royal.

Strong dollar policy is intervention to modify the decline from the rout it has the power to be.

With the entire planet with the exception of GB loudly or qu...

]]> Fri, 24 Jul 2009 16:54:33 GMT http://www.evernote.com/pub/pa30twin/Economic#b9ea9831-29f2-43b2-b297-a653cd931f47 Aso Dissolves Japan’s Parliament, Admits Failings (Update3) - Bloomberg.com http://www.evernote.com/pub/pa30twin/Economic#ee4a71f4-d8b3-411d-ab9b-cd1ca9d356e9
 
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Aso Dissolves Japan’s Parliament, Admits Failings (Update3)
 

By Sachiko Sakamaki and Takashi Hirokawa

July 21 (Bloomberg) -- Prime Minister Taro Aso dissolved Japan’s parliament, clearing the way for an Aug. 30 election that polls indicate will hand power to the opposition Democratic Party of Japan for the first time.

Lower-House Speaker Yohei Kono announced the dissolution in parliament today to a chorus of cheers. Aso’s ruling Liberal Democratic Party, in power for all but 10 months since 1955, will defend a two-thirds majority in the election.

“The era of one-party dominance is over,” said Gerald Curtis, professor of Japanese politics at Columbia University in New York. “This is the first election since the LDP was formed when just about everybody believes that the chance for a change of the party...

]]> Wed, 22 Jul 2009 00:19:20 GMT http://www.evernote.com/pub/pa30twin/Economic#ee4a71f4-d8b3-411d-ab9b-cd1ca9d356e9 FT.com / Asia-Pacific - China to deploy forex reserves http://www.evernote.com/pub/pa30twin/Economic#f8e71425-6072-45bb-8a01-e3b2d1385d86
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Services China to deploy forex reserves

By Jamil Anderlini in Beijing

Published: July 21 2009 19:09 | Last updated: July 21 2009 19:09

Beijing will use its foreign exchange reserves, the largest in the world, to support and accelerate overseas expansion and acquisitions by Chinese companies, Wen Jiabao, the country’s premier, said in comments published on Tuesday.

“We should hasten the implementation of our ‘going out’ strategy and combine the utilisation of foreign exchange reserves with the ‘going out’ of our enterprises,” he told Chinese diplomats late on Monday.

EDITOR’S CHOICE Blog: Dragonbeat - Jul-21 Insight: The perils of de-globalisation - Jul-21 Opinion: Asia keeps the west’s betrayed faith - Jul-21 Lex: China’s IPO reform - Jul-21 China names new forex chief - Jul-17 China’s forex reserves pass $2,000bn - Jul-15

Mr Wen said Beijing also wanted Chinese companies to increase its share of global exports.

The “going out” strategy is a slogan for encouraging investment and acquisitions abroad, particularly by big state-owned industrial groups such as PetroChina, Chinalco, China Telecom and Bank of China.

Qu Hongbin, chief China economist at HSBC, said: “This is the first time we have heard an official articulation of this policy ... to directly support corporations to buy offshore assets.”

China’s outbound non-financial direct investment rose to $40.7bn last year from just $143m in 2002.

Mr Wen did not elaborate on how much of the $2,132bn of reserves would be channelled to Chinese enterprises but Mr Qu said this was part of a strategy to reduce its reliance on the US dollar as a reserve currency.

“This is reserve diversification in a broa...

]]> Tue, 21 Jul 2009 23:46:48 GMT http://www.evernote.com/pub/pa30twin/Economic#f8e71425-6072-45bb-8a01-e3b2d1385d86