-->THE INTERNATIONAL FORECASTER
> MAY 2004 (#4) Vol. 8 No. 5-4
> This is from a newsletter of Bob Chapman. Conspiracy economist. Sees
transnational
> forces wanting to break the economic/military power of the US. His
> newsletter gives the details week by week for investors. Lots of
fear of
> course. I read it to get a view, a picture of what the world will
be like
> from where he sits. And to see HOW the bad guys may be doing it to
keep a
> step ahead. What do you think?
>
>
> US MARKETS
> As the Fed creates massive amounts of aggregates, the administration
> creates ever-larger deficits daily. There is no sign that either
the Fed
> or the Bush neocons are going to ease up anytime soon. Irrespective
of
> government statements, inflation is running at about 9.5%. Currently
> inflation is rising faster than interest rates and we expect that to
> continue as long as the Fed massively feeds the system and Mr. Bush
and
> Congress create newer and bigger deficits. This is similar to the
way it
> began in the late 1960s at the beginning of gold's last great run.
Today
> we have record budget and current account deficits that dwarf those
of
> that period. Congress and the administration have no inclination to
in any
> way cut spending and on top of that, we have perpetual war for
perpetual
> peace. The stock market will top out finally this fall as the
prolonged
> bear market rally is completed. If the Fed continues its madness as
it did
> in the 1970s then interest rates could again reach a Fed fund level
of
> 16.39%. We are currently at 1%. Today we have a nation that
although they
> won't admit it, lives in fear of its government. Where else today
can you
> say something misinterpreted by an employer at an airport and be
> prosecuted? Where else can you have your phone tapped for writing
the IF?
> Only in America. These are not universal values; these are the
trappings
> of a police state. If you put all the above together you come up
with a
> crisis and that is where we are headed.
> Exporting dollars is becoming a major American industry; $30 billion
> goes to Latin America every year and of that $14.5 billion goes to
Mexico.
> Fifty percent of those sending funds home make $20,000 or less a
year, but
> send home 10% of their income.
> The use of drugs to control attention deficit and hyperactivity
> problems in preschool children jumped 49% in the past three years.
All
> children on ADHD drugs increased by 23% in children under five. The
money
> being spent on ADHD is eclipsing spending on drugs for asthma and
> infections. At the same time, the use of antibiotics grew only
4.3%, while
> the use of antidepressants rose 21% and the use of medicines for
autism
> and other conduct disorders jumped 71%. The most eye-popping change
was a
> 369% increase in spending on ADHD drugs for children under five.
Their
> parents are too lazy to deal with normal child behavior. New drugs,
such
> as Strattera, Adderall and Concerta only require one dose in the
morning
> and the kids are like zombies all day. It is estimated that almost
10% of
> American children are being poisoned with these drugs just so
teachers
> won't have to bother to correct them. By the time they are 10-15
years old
> they are ready for suicide.
> The Secretary of Defense, Donald Rumsfeld's orders for the treatment
> and interrogation of Iraqi prisoners brings up questions about
treatment
> of prisoners in American correctional institutions. The 12 million
people
> who pass through these institutions each year are often subject to
violent
> attacks by other inmates, prisoner-on-prisoner rape is endemic, drug
> resistant strains of tuberculosis is rampant, as are drugs and the
> swapping of needles that leads to HIV infection and liver destroying
> hepatitis C. Psychiatric care for psychotic inmates is poor to
> nonexistent. Twenty-five percent of inmates are usually under
> administrative lockdown. Almost 50% in lockdown have tried to commit
> suicide. Our prison system is a disgrace to us as a civilized
people.
> A federal advisory committee says Congress should pass laws to
> protect the civil liberties of Americans when the government sifts
through
> computer records and data files for information about terrorists. A
better
> idea of course is to terminate Patriot Acts I & II. Currently
agencies are
> collecting and using personally identifiable information on persons
for
> national security and law enforcement purposes. The programs are
mirror
> images of the Pentagon program named, Total Information Awareness,
now
> euphemistically known as, Terrorism Information Awareness, which
makes
> each citizen a potential terrorist suspect. In data mining our
government
> has no intention of protecting individual privacy. The only
solution is to
> do away with Patriot Acts I & II. If we are going to have these
Acts then
> Congress must pass legislation protecting our rights and demand
court
> orders for data mining, search and seizure. What is happening is
that
> anyone who speaks or writes negatively about government is subject
to
> harassment and entrapment. We know because government has already
tried
> unsuccessfully to use it against us.
> In our latest insanity, the US Postal Service is honoring EID Muslim
> holiday season with a commemorative first-class holiday postage
stamp. The
> stamp should be boycotted.
> Get ready for the administration to blame the cost of energy for the
> fading of the recovery. The Fed and the Bush neocons were too early
in
> their timing. They have nothing for an encore except not raising
interest
> rates and the Fed pumping $2 to $3 trillion into the economy,
> The Bush neocons are well on their way to dismantling the anti-trust
> laws in our country. Mergers and acquisitions abound as the
consolidation
> of companies continues leading to more and more concentration. Any
strong
> company is fair game for internationalist corporatist interests. The
> profitable assets are removed, the carcass sold off and its
employees left
> without jobs. Retirement funds and benefits are cut or lost, as is
present
> and future healthcare. The mergers in telecommunications and the
media are
> affected to kill the chance of any real news being reported.
Halliburton,
> Bechtel and the Carlyle Group are running our country. There is no
> integrity left in journalism and anyone who reports the truth is
hounded
> into silence. Today America is a scary place and we don't see any
> improvement anytime soon.
> The Bush neocons, in a major policy reversal, signaled its readiness
> to accept Islamic theocracy in Iraq. Colin Powell said,"We will
have to
> accept any free and fairly elected government." We believe this is
to
> insure that a new Iraqi administration will be set up by June 30 as
a
> sovereign government supported by a new UN resolution, which will
speed up
> the neocons exit strategy.
> Our purchased Congress has again thwarted the will of the American
> people. It has summarily dismissed Eliot Spitzer's exposures and
more than
> a dozen Congressional hearings on five bills that should have
reformed the
> worst mutual fund scandals in sixty years. Congress has again
ignored all
> the evidence and accepted the payoffs from the fund and brokerage
> industries, leaving 95 million investors in the hands of these
greedy
> crooks. These are the same investment professionals who lost 43% of
> investors' assets between 2000 and 2002, while they raised their
> compensation 25%. Incidentally, for new readers we got all of our
> subscribers out of the market in April 2000. Congress' lack of
action
> allows these crooks who control massive financial assets to continue
> skimming off the top. Lean on your representatives in Washington
and if
> they do not listen make sure they are not reelected.
> An investigation into one of the biggest corruption scandals in
> history is being hampered by the US-led administration in Iraq
according
> to our Congress and officials in Baghdad. The actual review of the
records
> has been delayed for weeks and documents are being altered or
destroyed.
> At least $11 billion has gone into the pockets of 270 people and
> organizations. The elitist, Mr. Bremer, pro-counsel of Iraq,
intervened
> in March, saying he would not release funds to pay KPMG, the
auditor,
> which had already made substantial progress in locating documents
in Iraq,
> unless the contract was put out to tender. This is interesting,
inasmuch
> as few contracts have been put out to tender in Iraq. All the
business
> went to neocon cronies and other financial contributors. KPMG was
finally
> appointed and will be paid about $6 million for the effort. Then
the CPA
> decided it would appoint its own auditors to investigate
allegations and
> Ernst and Young were set to work as well. Many in Congress are angry
> because it is obvious Bush and the neocons are trying to destroy
all the
> evidence. The IGC, with the help of KPMG, had already located
billions of
> dollars that came out of illicit oil-for-food profits in Middle
East bank
> accounts. Americans, because of this theft, more of your hard-
earned tax
> dollars had to be spent.
> Surprisingly Alan Greenspan is going to stay as Chairman of the
Fed, as he
> was re-nominated by George W. Bush.
> Forrester Research says it expects 1.6 million office jobs to have
> moved to India and other foreign countries by the year 2015. Office
and
> computer jobs will lead the march, costing 3.4 million more US jobs
and
> more than $151 billion in wages. 542,000 computer jobs are next on
the
> list, followed by 356,000 businesses and 259,000 management jobs.
Overall,
> about 6.4% of jobs in vulnerable categories will be outsourced in
the next
> 11 years. Are you listening America? Your jobs, your livelihood, the
> future of your children are being destroyed by the elitists to make
> America a second world country. Climb all over your members of
Congress.
> If you do not, your family will either starve to death or you will
be
> forced to fight in the streets.
> The BIS derivative survey reveals that, as of 12/03, the global
> derivatives market amounted to $234 trillion of notional contracts,
of
> which 75% or $175 trillion are interest related, and 80% or $142
trillion
> of these are on the OTC market. That is 2.7 times higher than when
LTCM
> blew up in 1998. This means the global economy produced $22 in
> interrelated risk transactions for every $1.00 of estimated growth
in its
> physical counterpart in 2003, which denotes a financial system
totally out
> of control. After reading this, if you do not think we are in
trouble
> there is something certainly wrong with your thinking process.
> The NASD reprimanded Morgan Stanley, Bear Stearns and Deutsche Bank
> and ordered them to collectively pay a fine of more than $15
million. They
> gave special clients shares of hot IPO's. For this the banks
accepted
> outrageous commissions. That is where all these hot IPO's went that
> couldn't get any of.
> As the current account deficit approaches $600 billion, the US needs
> to attract a net $2.7 billion of overseas capital every single day.
> Overall, debt stands at 163% of GDP. This is beyond imagination.
> They once put bookmakers in jail, as gambling was once considered a
> vice. Today it is a savior for many states that are rolling the
dice and
> hoping lotteries, slot machines, and casinos will create income,
jobs and
> healthier budgets. Hesitant to raise taxes, particularly in an
election
> year, 24 states have looked at gaming proposals this year to boost
> revenues and help pay for education, health care and other basic
> necessities that states provide. Today there is gambling in 23
states
> which have casinos owned by American Indian tribes. Gambling is
insidious
> and there is no question it draws crime. It is a tough trade-off but
> unfortunately people are going to gamble anyway, so the proceeds
going to
> good causes aren't all that bad.
> Apprehension continues to grow as it becomes very obvious that the
> Fed has to raise interest rates. They would have been raised by now
but
> this is an election year and the Fed is illegally doing all it can
to
> assure the reelection of George W. Bush and his neocons. Treasury
debt is
> spiraling upward and the Fed's creation of aggregates is exploding.
That
> has caused real market interest rates to rise 1-3/16% over the past
two
> months, which has caused large bond market losses. This has led to
capital
> repatriation by foreigners in anticipation of even higher rates.
Just as
> powerful has been the unwinding of the carry trade, which has
caused the
> dollar to strengthen in an unusual manner. Most professionals do
not as
> yet realize it but this is the beginning of the popping of the bond
bubble
> and the beginning of the re-decent of the dollar. As the carry trade
> unwinds and moves to cash, other bubbles will burst in real estate
and in
> the stock market, both of which will not occur in a visible way
until
> after the election. The carry trade is when you borrow money at 1%
and buy
> Treasuries at 4%. If interest rates are moving higher, you are
taking
> capital losses in the underlying bonds, which neutralize your gains
or
> cause you losses. The exit from the carry trade is in anticipation
of
> higher interest rates. The bubbles will break so fast after the
election
> that peoples' heads will be spinning. They just will not believe
what is
> happening to them as Societe General, the Paris banks says,"We see
a
> confluence of ominous events. A slowdown in US economic demand may
be
> unavoidable - cooling Chinese demand - under weighting global
> manufacturing demand." Just add in higher interest rates and you
have the
> beginning of a horror story.
> Yes, there is a mountain of debt and yes, a credit bust is going to
> happen in the US, but not until the election is over. The Fed has
the
> power to temporarily delay the events, particularly in the stock
market by
> increasing funds available via the repo market. The tidal wave of
credit
> to US households, particularly in mortgages, home equity loans and
credit
> cards will not go onerously up in cost until later this year. As the
> credit flow contracts due to higher costs, borrowers will pay down
debt,
> or go bankrupt. That will slow the economy forcing house prices
down,
> creating a loss of equity and ending the wealth affect. The ultimate
> result will be a depression worse than the 1930's. We would be
surprised
> if the Fed raises rates on June 29-30. We expect them to rise in
August.
> From 1993 to 1995 rates doubled but the debt situation was 20% of
what it
> is today. For starters, we expect a move up in interest rates in
2004-2005
> from 3.65% on the 10-year Treasury note to 7-1/2%. If the Fed
continues
> its aggregate creation at current levels, which they say they will
and
> then some, then we can expect much higher rates as inflation soars
past
> 12%. Remember that in 2000, a 1.75% increase in rates brought the
market
> down 43% and NASDAQ down 70%. Can you imagine what a four-point
increase
> will do? The indications of excesses in prices are everywhere even
though
> our government lies about it. Looking at the value of residential
real
> estate as a percentage of personal income shows the ratio to be
182%,
> which is over 20% higher than its last peak in the late 1980's.
Mortgages
> are about to rise back up to historical levels. The 20-year average
has
> been 8.6% and we predict 8-1/2% by the end of 2005 and even higher
rates
> after that if the Fed continues to pump over a trillion a year into
the
> economy. However, home equity is now 55% versus the 20-year average
of
> 61%. Service of this debt is at a much higher level than in years
past.
> Plus, today some 30% of mortgages are ARMS, which have adjustable
rates,
> and 45% of mortgages are sub-par. Loans that should never have been
made
> to begin with. It should be noted that mortgage related assets now
account
> for 59% of banks' earning assets, up from 30% in the mid-eighties.
That
> means bank earnings will plunge next year. Even with zero percent
> financing, automakers see declining sales. A four-point rise in
interest
> rates will force the end of zero financing and auto and truck sales
will
> plunge. Avoid these manufacturers at all costs. In the fall, short
them
> because they will get crushed. Some will not make it. Alan
Greenspan has
> done the unforgivable and we will get to pay for his actions in
behalf of
> his elitist masters.
> The average computer programmer in India earns roughly $10.00 an
> hour, compared to more than $60.00 per hour for the average American
> computer programmer. Keep up off shoring corporate America and you
soon
> will not have anyone in the US to sell to.
> Almost two-thirds of 1.6 million civilian full-time employees of our
> government received merit bonuses or special time-off awards in
fiscal
> 2002. They ranged from less than $100 to over $25,000. 2,900
received
> bonuses of more than $10,000 each. Civil service specialist said the
> proliferation of bonuses reinforces a common belief that many
federal
> workers are rewarded for little more than showing up. We call this
buying
> votes. The National Science Foundation, DOC and CSA gave bonuses to
more
> than 90% of their workers.
> American Express is under investigation for fraud by not disclosing
> certain revenue sharing arrangements with mutual fund clients.
> Federal and state prosecutors are investigating Charles Schwab for
> fraud and market timing and late trading of mutual funds.
> The California Senate approved legislation by a 36-2 vote and sent
> it to the assembly to warn consumers when spyware was added to their
> computers when they buy software. These programs track what web
sites you
> visit, may steal your passwords, access your financial information,
log
> your keystrokes, bombard you with pop-ups, track your purchases and
> remotely report your activity and personal information to a third
party,
> which includes our government. Maybe this will get our purchased
Congress
> to act.
> Saudi Arabia, a subject nation of the US and UK, has pushed for
> higher oil production as a result of pressure from governments and
> international elitist corporations. As Hugo Chavez, Venezuela's
president
> has said,"In my opinion it would be a very bad message for OPEC to
give
> into pressures and then increase production. No, OPEC should say to
the
> big consumers, let's sit down at the table and let us talk about the
> causes in the increase in prices." Of course, the major users have
no
> intention of doing that.
> The MBA says weekly mortgage activity for the week ended 5/14/04
> fell 11.9% to 654.1 from 742.2 the previous week; 30-year fixed
mortgage
> rates fell 11 basis points to 6.21% and they are still up 104 BP
from last
> year. The MBA purchase index, a gauge of new loan requests for home
> purchases, fell by 8.1% to 454.2 after hitting its second highest
level at
> 494.3 the previous week. The high was 501.6 on 1/16/04. The
refinancing
> index fell by 16.8% to 1,816.9 from the previous week's 2,184.6, the
> lowest since January when it was 1,755.4.
> The aggregate number of jobs sent overseas to-date will pass 500,000
> this year and reach one million by 2006. Most are being farmed out
by
> Fortune 1,000 companies contrary to public belief. US transnational
just
> do not want the public to get the facts on how they are destroying
> America. In just the next 1-1/2 years management will lose 42,000
jobs;
> business 120,000; computing 203,000; architecture 54,000; life
sciences
> 5,500; legal 23,000; sales 47,000 and office 475,000 for a total of
> 963,500 jobs and that is only with Fortune 1,000 companies. The
economic
> destruction of America goes on unabated.
> Tuition at 15 well-regarded colleges is about to rise again next
> fall far above the so-called inflation rate. Stanford will increase
4.5%
> to 11.1% for out-of-state students at the University of Washington.
The
> average is 5.5%. This is a reflection of higher medical costs,
salaries,
> student aid, and prestige - the more expensive the better it is. In
2003,
> 50% of all undergraduates received some grant aid that never needs
to be
> repaid. Sixty percent receive some sort of financial aid. In 31
elite
> schools the total cost including room, board and other expenses
averaged
> $37,940; 49% of students received need-based grant money. The
average
> award was $18,161. More disturbing from our point of view is that
40% of
> those in college do not qualify or belong there.
> Eight Cape Cod, MA companies sued the US government and a state
> labor agency in an effort to increase the number of visas granted
for
> temporary foreign workers to more than 100,000 this year from
66,000 in
> 2003. The claim is government unfairly prevented businesses from
obtaining
> the visas they need to increase their staffs during the spring and
summer
> season. Business is crying because they cannot get slave labor to
increase
> their profits. These foreign workers suppress the wages of all
American
> workers. Business should increase wages and they will have no
trouble
> getting domestic workers.
> Consumer prices rose in the first four months of the year at a 4.4%
> annual rate, compared with a 3% gain last year. Core prices that
exclude
> food and energy increased 3% versus 0.9% in 2003. As a result five
and
> ten-year US Treasuries have produced a loss of 5.6% over the last
seven
> weeks. The difference in yield between the current 10-year note and
the
> 10-year TIPS, has widened to 2.74%, the biggest gap since the US
started
> selling TIPS in 1997. The low gap was 2.15% on 1/15/03. The five-
year
> average is 1.89%. The Fed's overnight bank lending rate is the
lowest
> since July 1958. Much more inflation is on the way.
> From a top administration official:"We assume an attack will happen
> leading up to the election and it will happen in Washington. An
attack in
> Washington and in other major cities." This confirms our very
> controversial prediction and position of several months ago that if
Bush
> looks as if he may lose the election, we will have terrorist
attacks.
> The diversions have been in place to mislead the public - drawing
> them away from the real problem, the US and world economies. That
is what
> 9/11; Afghanistan and Iraq are really all about. Now that finance
and
> economics are interconnected, country-to-country, the financial
chaos can
> be shared with the rest of the world. Shortly official US interest
rates
> will rise and the collapse gets underway. Commodities, gold, silver
and
> bonds have had steep corrections as of late. Interest rates on the
10-year
> Treasury note are up over 30%. Consequently, all debt paper
interest rates
> have risen as much if not more. Were it not for the manipulation of
the
> stock market it would most certainly be lower, but we are now
experiencing
> the power of corporatist fascist government. This market power will
weaken
> later this year. Rates will rise; bonds, the market and real estate
will
> fall. Of course, gold and silver will rise.
> The Supreme Court will rule in June on whether to allow Mexican
> trucks full access to American highways by overturning a ruling
from the
> 9th Circuit Court of Appeals in California. This was supposed to be
> accomplished nine years ago. Yes, many Mexican trucks are unsafe
and carry
> drugs and yes, some need pollution equipment upgraded. The real
reason is
> trucking competition with US carriers. Many of the trucks on the
border
> with the US from Mexico are very dirty, but so are US freight hauler
> vehicles. The result is major border contamination. The drugs of the
> Mexican trucking fleet crossing the border have higher inspection
failure
> rates, 37%, then US trucks, 24%. Otay Mesa, near San Diego, which
we have
> used hundreds of times, is a major entry point for Mexican trucks
into
> California. With a state-of-the-art border inspection station, the
failure
> rate for Mexican trucks was 22%, slightly better than the 24% for US
> trucks. Safety, jobs, money and US unions are really the issue. US
> regulatory rules and regulations are a pretext to protect American
> interests. We signed the treaty and now we do not want to live up
to it
> after we virtually destroyed Mexican agriculture. NAFTA has been a
failure
> and should be ended.
> It looks like Alan Greenspan has decided to try to be the
> longest-serving Chairman of the Fed. Bubbles, as he is known among
his
> elitist friends, will surely be the most famous bureaucrat since
Pontius
> Pilate, who also loyally served another fascist government,
Imperial Rome.
> If Sir Alan lives, he will go down in history as the man who
destroyed not
> only the US, but also the world economy. The appointment also means
that
> interest rates will be raised in August at the earliest and maybe
not
> until after the election. As we told you before, cover your shorts
the
> elitist with the help of Sir Alan will attempt to take the Dow to
14,000.
> Under the cover of that move the conspiracy could care less if gold
goes
> over $500. That is the way it is going to be, because all our
markets are
> rigged.
> Last week Freddie Macs 30-year fixed loans were 6.30%, down from
> 6.34% the previous week. Arms rose to 3.99% from 3.9%. Refinancing
was off
> 17% and applications for home purchase loans dropped 8%. The
application
> index is down 56% from a year ago. Refinancing has fallen to 37.4%
of
> total applications, up from 34.8% a week ago.
> If ratified by the US Senate, the proposed new extradition treaty
> between the US and Britain will strip Americans of the protection
of the
> US Constitution and the Bill of Rights and rob them of their
liberties.
> The treaty would be retroactive in application and will also
eliminate any
> statute of limitations. The treaty supposedly deals with combating
> terrorism, organized crime, money laundering. Buried deep inside is
> language that would strip Americans of all their rights. Some of the
> language includes, such items and assets may be surrendered even if
the
> extradition cannot be carried out due to death. They can extradite
if the
> request is for political reasons and even if no federal law has been
> violated. You can be provisionally arrested and detained for 60
days upon
> request by the UK. Those requested by the UK for extradition would
get no
> judicial review. Our President would make the final decision.
Although no
> crime has been committed and no charges bought, the assets of the
> so-called offender could be seized at the direction of the British
for
> their benefit. How's that for a fascist police state? Two-thirds of
the
> Senate must ratify the treaty. It does not go to the House; it goes
> directly to the President. It is suspected that the real target of
the
> treaty is the Irish-American community. Anyone, under the treaty
who is
> critical of Britain, or the Royal Family, as we are all the time,
could be
> extradited and or prosecuted. The British make the request one day
and you
> are on the plane to London the following day. You would be picked
up by
> British security forces and be designated for torture similar to
that used
> in Iraq. This subverts and destroys the meaning of the American
> Revolution.
> Never before in monetary and fiscal history has a government been
> more irresponsible with its citizen's money and never before has the
> Federal Reserve done more to undermine our standard of living and
steal
> our wealth via inflation, and lie about it. This increased
government and
> private action in the economy is known as corporatist fascism. It is
> manipulation of all markets as tools of economic warfare against
American
> citizens. We now need some $1.8 to $2 billion dollars a day to be
loaned
> to us by foreigners, mostly foreign central banks. Globalization has
> brought us cheaper prices for goods, particularly from China, but
this is
> a cover for the outsourcing of industries and jobs from every
sector of
> the American economy, that can only end up in the entire
destruction of
> the economy. The entire structure of America is being changed to
turn it
> into a second world country. Cheap prices and excessive credit
expansion
> has not and will not create new investment and permanent wealth. The
> created capital is going into financial assets that contribute very
little
> to American growth. This monetary policy will next create wage
inflation,
> which in turn will accelerate inflation, which is already 9.5%, not
the
> 3.5% the Fed would have us believe. As prices move higher, wages
have to
> move higher. If for some reason they do not move higher, then
inflation
> would reverse and we would have deflation. Sir Greenspan cannot
have that,
> so look for large wage increases over the coming months. England,
which
> usually mirrors what will happen to us by six months to a year,
just saw
> wages increase 5.4%. Be patient those higher wages are on the way to
> further feed inflation. Watch the UK economy. That is one of the
reasons
> we report on it. As soon as the increase in wages ends, then
reflation
> will end. In England, that is six months to a year away. In the US,
it is
> a year to two years away. Simultaneously interest rates will rise,
putting
> downward pressure on those artificially puffed-up financial assets.
Thus,
> next year you will have rising inflation and falling prices, truly
the
> worst of all worlds, because inflation will soar. In 2005 and 2006,
> finally Sir Alan Greenspan will watch the trap close. There will be
no
> monetary escape and deflation will begin in a way not seen for
centuries.
> At that point, the Fed would monetize debt by buying, as the buyer
of last
> resort, massive amounts of US Treasury paper. Once the Fed has
exhausted
> itself, then default would come and the world would enter a period
of
> monetary darkness and the world financial system will collapse.
> In order to find an easy way to fire employees, companies are
> checking personal e-mail accounts to see if employees are accessing
them
> during work hours. If they are they are gone.
> Due to offshoring and lower vehicle sales, major auto manufacturers
> are forcing contract houses to take a near 50% cut in billing rates
or
> lose the business. New year will be a disastrous year for auto
producers.
> No matter what happens in Iraq, the Bush neocon cabal in Washington
> will not let go of control of Iraq oil revenues. A condition for a
> sovereign Iraq government is US and UK control of those revenues.
Those
> revenues will exceed $16 billion this year and UN Security
Resolution 1483
> passed last year, gives the US total control of the money from oil
sales,
> which is the only source of income for the country. The money goes
into
> the Development Fund for Iraq, which is currently run by US pro-
council
> Paul Bremer's CPA, Coalition Provisional Authority. All but one
member are
> foreigners. The elitists will loot this fund of billions of dollars
for
> years to come. Even the oil-for-food racket, where it has been
exposed
> that billions have been stolen, is still in operation and the
looting is
> still going on. The $1.8 billion taken from the fallen dictator
Hussein
> now resides in the Federal Reserve Bank in NYC, ostensibly to be
looted by
> the elitists. All these funds are earmarked for the Iraqi people,
but we
> can promise you a good part of them will be stolen. The total of
funds on
> deposit now is about $7.3 billion and no one knows where any of the
funds
> are going because it is a secret, like so many things in our fascist
> government. We could guess a major portion of the funds are being
> disbursed to CFR elitists companies, such as Halliburton, Bechtel
and
> other"contract mercenary companies", part of which will flow to
the men
> running the show. What is worse is Congress knows exactly what is
going on
> and does nothing to stop it. That may in part be because the CPA
has been
> exempted from any investigation by the Government Accounting Office
or any
> requirement to appoint an inspector general, as mandated for all
> government agencies by law. In Iraq, American personal have been
stealing,
> taking bribes and using extortion on the Iraqi people as well as
torturing
> them. Some of our military, mercenaries, bureaucrats and elitists
are
> undoing in a few short years the good will and fair-handedness
America had
> built up over the past 225 years. We have become another scummy
nation.
> The Bush neocons ordered inactive reservists to report for active
> duty again and the resistance was so great they rescinded the
order. What
> the Pentagon is doing is screening inactive reservists for possible
> call-up. They could be called up involuntarily for as long as 4
years. As
> a result, soldiers are joining guard and reserve units to avoid
call-ups.
> Of course, Congress knew nothing of the plan, because the imperial
White
> House operates in secrecy. The screening process is almost complete
and
> 22,000 medics, truck drivers, and heavy equipment operators have
been
> identified for call-up. Commitments by the White House for on-going
> conflict has put tremendous pressure on the Army and to some extent
the
> Marines and have stressed them out completely. The inactive
military are
> being told by recruiters that they should join the guard rather
than be
> sent overseas if re-inducted. Young people are being told that very
bad
> things would happen if they did not join the guard. We have news
for all
> of them. As long as George W. Bush and the neocons run Washington
we will
> have war, they will be deployed into the Middle East and their will
be a
> draft for both girls and boys.
> Yes, we were right again and we are not going to gloat over someone
> else's misfortune even if they are evil. The Lord takes care of
> retribution for us. A Delaware judge ordered disgraced elitist
newspaper
> baron Lord Conrad Black and the holding company he controls to pay
back
> $30 million. We beg forgiveness for being off by $2 million. A
recently
> amended lawsuit is being filed by Hollinger International, which
accuses
> Black and other former executives of violating Rico statues, and is
> seeking to recover $1.25 billion. How could we have missed that? It
just
> goes to show you, we are not perfect. I hope that in the end Lord
Black
> and his ilk will be put permanently out of commission in the
business
> world. Now we need to catch more of these white-color thugs.
> There are few tax breaks for America's poor. Those making under
> $40,000 a year. Yet, Congress is considering a bill to provide tax
breaks
> for families earning as much as $309,000 a year. It is part of the
House
> tax-cutting spree that could add $500 billion to the deficit over
the next
> ten years. The House would not only make permanent the $1,000 per-
child
> tax credit enacted as part of the 2001 tax cut, but would
dramatically
> increase the income limits for eligibility; currently, married
couples
> with incomes of up to $110,000 receive full credit. The bill would
> increase that to $250,000. Families with two children would go to
$289,000
> and with three children $309,000. This is unnecessary, misguided and
> irresponsible by Congress, which is emulating Mr. Bush who gets
away with
> everything. The Republicans propose these insane measures and the
> Democrats act as if they were frozen in the headlights in the dead
of
> night. For families earning less than $10,750 the House will give
nothing.
> A two-child family making $150,000 to $250,000 get a $22,000 extra
tax
> break. Someone has to show us how that is fair.
> It won't be long before higher gasoline prices change people's
> driving habits. Due to environmental considerations, refining
capacity has
> fallen 50% over the past twenty years. The forces in Iraq are
eating US
> gasoline at an astounding rate while our government buys large
quantities
> of oil to fill the strategic reserve.
> Word reaches us that the Oil-for-Food Program in Iraq has been
> looted for years. Congress was hoodwinked and the Bush neocons,
elitists
> all, refuse to expose it for fear it would destroy the UN. The
embezzled
> figure is now over $10 billion. What was used was tainted food and
> outdated medicines. The report on the larceny and kickbacks is
phenomenal.
> The major players were Kofi Annan and his son Kajo and Benon Sevan,
> Executive Director of the program.
> It has been revealed that Matrix, a database contractor, gave US and
> Florida authorities the names of 120,000 people who showed
statistical
> likelihood of being terrorists, sparking some investigations and
arrests.
> Seisint has been appointed sale contractor on the federally funded
$12
> million project. Matrix is, Multistate Anti-Terrorism Information
> Exchange, which combines state records and data culled by Seisint
to give
> investigators fast access to information on crime and terrorism
suspects.
> It casts a wide net that includes just about everyone, violating
their
> Civil Rights. A number of states in the program have withdrawn for
this
> reason. Matrix has four billion records. Law enforcement says the
system
> has been scrapped, but because of the perpetual lying, that comes
out of
> government, we wonder if in fact it has been dumped.
> Key legal decisions made in the aftermath of 9/11, included a
> declaration not to grant any al Qaeda and Taliban fighters prisoner
of war
> status under the Geneva Convention and this laid the groundwork for
the
> interrogation abuses that have recently been revealed in the Abu
Ghraib
> prison in Iraq. Internal memos from the White House show that
> administration lawyers were privately concerned that they could be
tried
> for war crimes themselves based on the actions the administration
was
> taking, and might have to take in the future to combat the terrorist
> threat. We believe that there is a good chance of war crimes trials
if the
> administration pulls another terrorist event, and declares Martial
Law.
> The Executive and Congress cannot get away with dictatorial
government in
> America. There are 450 million guns in the country and government
would
> force endless insurgent warfare for years, just as we now are
witnessing
> in Iraq. Eventually a dictatorial government would fall and all the
people
> you now see running the wars would be executed.
> As former military, we know that allowing patterns of abuse and
> torture to metastasize in any army annihilates its morale and
> effectiveness. Most people are decent human beings and engaging in
such
> activities destroys the morality of what they are directed to do.
These
> men, like us, hold abusers and torturers in contempt. What is going
on is
> in direct conflict with the engrained standards and traditions of
the US
> Army. It starkly shows what monsters George W. Bush and his neocons
really
> are. They have allowed a descent into barbarism. All decent people
recoil
> in disgust in such a method of conducting warfare. In and of itself
> warfare is a horrible experience, abuse and torture just magnifies
> everyone's suffering.
> Convicted criminal and number one Bush neocon-man in Iraq, Ahmad
> Chalabi, has lost his elitist funding, Chalabi's Iraq National
Congress
> has lost its $340,000 a month funding from our tax dollars. We also
know
> that the CIA had been secretly funding Mr. Chalabi, even though his
group
> never supplied anything of value. Every intelligence report the INC
> produced was worthless.
> The House and Senate have agreed on a $2.4 trillion 2005 budget
> plan, which may well not pass in the Senate, because of the one-year
> extension of tax cuts. Even if passed in 2006, pay-as-you-go-rules
would
> be reimposed. If not passed, taxes would rise. Simultaneously a
request
> for a $25 billion war slush fund is being debated. The proposed
budget
> plan if passed would cost $689.9 billion and would mean, as we
predicted,
> that the current $7.38 trillion limit would be reached in
September. We
> expect before the election that Congress will have to increase the
debt
> limit to $8.5 to $9.0 trillion. There is absolutely no fiscal
control left
> in Washington. It is a government gone mad.
> America certainly loves living beyond its means, but late this year
> that Cinderella existence will come to an end. The free lunch will
soon be
> over. All illusions eventually end.
> Stock analysts, regardless of experience, will be tested by next
> April. How can you test a person who has been analyzing for 20 to
45 years
> and tell him he is out of a job because he did not pass a test.
Series 86,
> tests basic tools of the trade and Series 87 focus on regulations
and
> conflicts-of-interest disclosure. This is truly ridiculous.
> It has now been reported the Bush neocons man in Iraq, Ahmed
Chalabi is
> suspected of spying for Iran on US troop positions and of
kidnapping a
> prominent physician from his home. Every time we see media coverage
on
> Chalabi, they always fail to mention he is a convicted bank
embezzler. For
> months there have been complaints of INC members impersonating
police
> officers, breaking into homes and carrying out robberies. Four INC
> officials have been arrested on robbery charges.
> Some time before September, you might consider going long the
> Australian dollar versus the US dollar. The December 74-cent
Australian
> dollar calls (ADZ4C740) can be purchased for $750 or lower. If
filled,
> your risk is $750 and your potential profit at 7950 is $4,750. This
is a
> VERY dangerous trade, but for those who understand the risks it
could be a
> good one.
> In the new world order, biochips will be the order of the day. Put
> beneath your skin they cannot be stolen. They can access ATM's, pay
bills,
> sign contracts, verify your identity and locate your lost or
kidnapped
> children. Satellites can locate you anywhere in the world. If you
say
> anything critical of the government your chip won't function and
you and
> your family will go bankrupt and starve to death.
> Even if the Fed raises interest rates they still are responsible for
> a continuing expansion of aggregates, directly and indirectly, of
over $1
> trillion a year. Inflation is 9.5% and is guaranteed to be 12% plus
by the
> election. From 1973 to 1981, the Fed raised rates, but it was too
late,
> like it is too late now, too much money was in the system and this
time it
> is still pouring in. In the meantime, the fiat un-backed dollar is
being
> destroyed. Even though the dollar and the stock market has rallied
in six
> months they will be headed down again. That brings us to the
antithesis of
> the fiat dollar, the only real money in the world, gold. The US
stock
> market is valued at $13 trillion, the bond market at $22 trillion
and the
> world markets at about $100 trillion. The value of all the gold
shares in
> the world is $200 billion, which is smaller than a number of
separate US
> companies, such as GE. That means there is a lot of money in
investments
> that could easily go into gold shares. Higher interest rates won't
help
> unless they are exceedingly higher, and inflation at current or
higher
> levels will last a minimum of 1 1/2 years.
> The Defense Department, Mr. Donald Rumsfeld, has proposed using US
> Internal Revenue Service data to trace down reservists with which
they
> have lost contact. Our President, of course, is anxious to approve
the
> amendment to the tax code to legalize the practice. Troops are
obligated
> to keep the military informed with update contact information, but
34% of
> former soldiers cannot be tracked.
> Arizona has 67,000 gun owners legally carrying concealed weapons.
> Typically they are white middle-aged, 20% are female and 52 pistol-
packing
> women are over 80. In Maricopa County one of every 56 people are
packing.
> One in every 82 Arizonans can legally carry a concealed weapon, 99%
of
> permit holders are white, including Hispanics, 13,500 women have
permits,
> and 25% of holders are 50-59 years old. An armed citizenry is a free
> citizenry.
> Mr. Bush and his neocons have violated two federal laws through part
> of its publicity campaign to promote changes in Medicare intended
to help
> older Americans afford prescription drugs. Federal money was spent
> covertly to produce propaganda videos about Medicare charges that
were
> made to look like reports. The device was designed to provide less
help to
> Medicare patients and help pharmaceutical and managed-care
companies. This
> is another example of misrepresentation, deceit and more violations
of the
> law.
> Junk bond funds saw an outflow of almost $1 billion last week,
> following $2 billion the previous week. GM and Ford were among this
> months' worst performers; GM dropped 7.4% in May, the worst return
of
> 3,749 bonds.
> M3 added $3.2 billion. Year-to-date, 19 weeks, broad money is up
> $353.1 billion or 11% annualized.
> ABS issuance was strong, $16 billion with year-to-date issuance of
> $216 billion, running 28% ahead of comparable 2003. Home equity ABS
> issuance is running up 72% from a year ago to $122 billion.
> Total credit expanded $4.0 billion to $6.52 trillion as of 5/12/04.
> Bank credit is up $274 billion during the 19 weeks of the year, or
12%
> annualized. Real estate loans were up $163.0 billion, or 20.1%
annualized.
> Commercial paper jumped $10.8 billion to $1.346 trillion, the
highest
> level since early last August. YTD commercial paper is up $77.9
billion or
> 15.9% annualized.
> Fed foreign custody holdings of Treasury and agency debt rose $7.0
> billion to $1.20 trillion. YTD Custody Holdings are up $133.0
billion, or
> 32.4% annualized.
> Well, the Bush girls are graduating from college, Barbara from Yale
> and Jenna from the University of Texas at Austin. Barbara has a
degree in
> humanities and Jenna in English. Except for one incident, the 22-
year-old
> sisters have stayed out of the limelight. Barbara lived on the same
> residential college, Davenport College, as her father. Yale divides
each
> class among 12 residential colleges, each with its own dorms, dining
> halls, sports activities and coats of arms. Davenport's coat is
three
> crosses and a chevron in black on a white shield. Like their
mother, the
> twins joined the Kappa Alpha Theta Sorority. Barbara being most
like her
> father was one of the 13 anointed to be accepted into the Satanic
Skull &
> bones Order of the Illuminati. This secret society for Yale seniors
> previously has had as members, Barbara's great-grandfather,
grandfather
> and father. Both children plan to get jobs via their father's
friends with
> Council on Foreign relations and attend graduate school. Barbara
has a
> summer job at a fashion house and Jenna at a public relations firm.
They
> are both prime for our new selective service draft scheduled to be
> implemented next year. It will be interesting to see if they will be
> drafted and join our boys and girls in the Middle East.
> Forecasting the financial and economic future is not going to be
> simple. Changes take place at the speed of light and if you cannot
figure
> out what the enemy is going to do before he does it, you are going
to be
> wrong and a loser. This is the art of psycopolitcal warfare,
psywar, if
> you may. We will have to get inside the elitist heads so we can
make the
> right moves and few people are equipped to do this. This is why we
have
> worked long beyond retirement to bring you the benefit of our
knowledge
> and hopefully we will continue to be correct. Make no mistake a
crash
> landing is guaranteed for America in finance, economics and
socially and
> politically. There is no way out. Global central banks are madly
inflating
> trying to stave off deflation and depression and they are
guaranteed to
> fail. We are sure because history tells us so. Every time a nation
has
> tried to inflate their way out of deflation, they have lost and so
will
> Sir Alan Greenspan. Sir Alan has been successful over the past
couple of
> years in exporting his credit bubble worldwide. Unfortunately,
today most
> economists worldwide have very little experience or have studied the
> history of credit booms and that is because"it could never happen
here
> again." CPI, PPI, GDP unemployment etc. are the figment of some
> bureaucrat's imagination in Washington. It has gotten so that our
> government never tells us the truth. These economists, whose claim
to fame
> is that they are correct-one-third of the time, don't have a clue
to what
> is really going on. Nothing happens by chance, there are no
coincidences,
> and all markets are rigged. Free trade and globalization didn't just
> happen. They were planned to take place. They were planned to
destroy the
> US economy, as we have known it, so that Americans would be forced
to
> accept world government. The underlying structure of our economy is
being
> deliberately destroyed. All the money and credit being poured into
the
> economy by government deficit spending and by aggregate creation by
the
> Fed is going into financial assets. It is not being used to build
and grow
> the American economy. Goods and services inflation was suppressed by
> manufacturing offshore and outsourcing and this allowed the
promotion of
> asset price inflation to create a synthesis of growth, but the
program had
> to be taken too far and now inflation at 9.5% is out of control. It
will
> stay that way until the Fed closes the money spigots. Today, credit
is
> packaged into asset-based marketable securities, such as real estate
> mortgage loans guaranteed by Fannie Mae and Freddie Mac, which we
believe
> will eventually succumb. Remember, Sir Alan Greenspan has told us
he will
> inflate as long and as much as he thinks is necessary to stop
deflation.
> One of his henchmen, Ben Bernake, even said he was prepared to drop
money
> out of helicopters. What a group of charlatans. In addition, dollar
> purchases and global liquidity creation orchestrated by the Asian
central
> banks over the past year, at the behest of the Fed, has been
> unprecedented. This has caused international investors to sell and
avoid
> dollar denominated assets. Foreign central banks are feasting on our
> Treasury and agency paper, because few other sane investors will
touch
> them. Our over $500 billion current account deficit and our budget
deficit
> grow every minute of the day even with a cheap dollar. Over the
past two
> years in global financial markets, speculative leveraging has been
> unprecedented, but higher interest rates are now causing
deleveraging and
> that is what has given us a dollar rally. Whether you noticed it or
not,
> the global financial system is at the beginning of the beginning of
> structural failure. The dollar is on its way to an end as the
world's
> reserve currency. The dollar will soon lose its place as king of
> currencies and will be replaced by gold. As interest rates rise it
will be
> all she wrote as interest rates rocket upward. There is no question
the
> Fed will continue to accommodate until hyperinflation gets out of
hand.
> This will be accompanied by deleveraging, higher interest rates and
major
> derivative adjustments. This will also be accompanied by
deleveraging in
> the housing market and higher energy prices. Rising prices will
beget
> higher prices. Higher interest rates will stem home equity loans,
which
> are already down to 34% of mortgage executions from 77% at their
zenith.
> That cuts $100 to $150 billion a year from entering our economy.
The punch
> bowl needs to be removed but the Fed won't do that, this is an
election
> year and as interest rates rise the economy will grind to a halt.
The Fed
> knows inflation is already 9 1/2%, but they will inflate anyway,
they have
> too. There will be a flight of liquidity to non-dollar assets and
gold,
> deleveraging will guarantee that. Thus, you have where we think
things are
> going. The future will be difficult and America is not prepared to
meet
> the challenge.
> Evidently, George W. Bush and the neocons do not believe that they
> have accomplished enough deficit spending, so now our President has
> proposed a Millennium Challenge Account, which would channel $5
billion a
> year to poor countries, a sum that would reflect a 50% expansion in
> existing aid programs. If we did not know George was a fascist, we
would
> mistake him for a Socialist. The short list of countries to get aid
would
> be countries with sound policies, which is a euphemism for political
> payoffs.
> A group of Christian activists is in the beginning stages of an
> effort to have South Carolina secede from the US to become its own
> sovereign state."Our Christian republic has declined into a pagan
> democracy," says Christian Exodus.org in Tyler, Texas. The plan
calls for
> 12,000 Christians willing to be active in political campaigns to
move to
> the Palmetto State. The way things are going in America anything is
worth
> trying.
> The Fed's admission that they will raise interest rates in the
> future has no real significance. Any professional knows that was
> inevitable. What pros are doing is deluding themselves that the
effects of
> higher rates will be inconsequential. They are wrong; the shock to
the
> economy will be huge. Already investment-grade companies have to pay
> investors 96 basis points more than Treasury yields, the highest in
5
> months. The rate on the 30-year fixed mortgage is 6.30%; up from
5.4% and
> these premiums and rate increases are not going to disappear. The
longer
> the Fed delays action for political reasons, the higher the premium
and
> rates will climb. Five and ten-year Treasuries are already off 5%,
the
> biggest quarterly loss since 1986. The treasury - TIPS spread is
2.75%, up
> from 2.15% in January. That is why we recommended TIPS long ago for
those
> who had to remain in cash. The average spread over the past 5 years
was
> 1.89%. Annualized inflation is 4.4% so even with TIPS you do not
keep up
> with the official inflation rate, which is a lie. Billions of
dollars are
> being lost every day because our government refuses to tell the
truth. We
> believe that by the end of 2005, and in early 2006, the Fed rates
now at
> 1% will be 5%. That would put 30-year mortgage rates at 9 1/2% and
the
> 10-year Treasury at 8 1/2%. Those holding ARMS will be crushed.
> Now that mortgage rates are up almost a point, homeowners are having
> a hard time using their homes as ATM machines. As a result,
companies are
> offering loans that allow borrowers to skip a payment while those
that
> require only interest payments are in vogue.
> Needless to say, Fannie Mae backs this type of loan in a pilot
> program called, Payment Power. If you have paid your mortgage for
three
> months, you can skip 2 payments a year or 10 payments over the life
of a
> 30-year loan. How's that for cooking the books? Interest only loans
are
> pure speculative vehicles. America's lenders have a giant Ponzi
scheme
> going and it will crash and when it does you had best be debt free.
> Personal bankruptcies were 2.8% in the year ended 3/31/04 in spite
of an
> economic recovery. All you debtors who have maxed your credit cards
out
> and plan on going bankrupt, remember the House has passed
legislation that
> will lead you to debtors' prison. They have made it almost
impossible to
> erase credit card and other debts in bankruptcy court. That
legislation
> zipped through our purchased House of Representatives. It now awaits
> Senate approval and, of course, has a strong endorsement from
George W.
> Bush and the neocons. This legislation when passed after the
election
> could eventually cause a revolution on its own. Bankers' greed
knows no
> bounds. Wait until housing prices drop 30% to 50%. The Fed cannot
keep the
> money and credit flowing forever not with inflation at 9 1/2% or
better.
> Thompson Financial tells us executives sold $14.4 billion worth of
> company stock in the first four months of the year, compared to $4
billion
> in the same period last year. Never have so many insiders made so
much
> money.
> We think we will see a remake of 1994 in the financial markets, only
> this time the time frame will be slightly different. Rates will
rise and
> Sir Alan will continue to pump credit and money into the economy.
The
> elitists have always avoided catastrophe by whatever it took
> inflation-wise to bail themselves out. Otherwise, the fortitude or
courage
> does not exist to purge the system. That is unless this is the end
of the
> line and they are going to go for world government. We believe it
is the
> latter. Why else would they allow the horror of monstrous amounts
of debt
> imploding? There has been no effort by the Fed to reign in excess
> consumption and debt formation. It is still being encouraged. Thus,
we
> believe this could be the grand finale. We also do not think
interest
> rates will be raised by the Fed in June, probably in August and
maybe in
> late November. That is why the stock market will stage another
rally,
> inflation will get much worse and gold and silver will rise. We
believe
> the re-nomination of Sir Alan Greenspan was part of this. We will
> re-nominate you if you pump the economy up until November. This is
also
> probably why M3 has blasted off again over the past two weeks. This
could
> also be the result of the exhaustion of the recent massive fiscal
stimulus
> provided by mortgage refinancing, tax rebates and accelerated
> depreciation. This is also why the DOW will take off late in June
and
> challenge 11,780 and in all probability breakout to 14,000 sucking
the
> public in again. Then within five months, it could fall to 7,268.
> Every other day the Fed drags out one of their numbers to let us
> know what little inflation we have and why interest rates do not
need to
> rise. Last Wednesday it was Fed Governor Broaddus, who got the
duty. His
> words of wisdom, which we call lies, is that"the Fed will not have
to
> raise rates as aggressively as it did in 1994 because in 1994 we
had not
> yet established the full credibility for our low inflation strategy
that I
> believe we have today." The governor lives in a world of unreality,
if he
> believes that and of course, he does not, he is lying. This is the
> continued arrogance and contempt, in which these elitists hold us.
They
> believe we are stupid and that we will believe anything. The Fed
knows
> inflation is 9-1/2% but they feel it is their duty to lie about it.
They
> know after the election interest rates will rise 4%. The Fed is nine
> months to a year behind the curve and that is deliberate.
> The man that said,"God wants me to be President," George W. Bush,
> was the pervert who gave the final approval to formulate our prison
agenda
> in Iraq. Systematic abuse, torture and rape are part of the neocons
> formulation for power. If these pukes are reelected your daughters
and
> wives are next. This is Bush's latest mission accomplished. Next,
we will
> be told he speaks to God, as his Messianism knows no limits. We
think of
> this as we look at naked, abused, tortured and raped women who are
now
> pregnant by the beasts under orders from Mr. Bush. Every woman in
prison
> was raped hundreds of times. This needless war for profit has
unleashed
> the very foulest dregs of our society. What we have, as a result,
is chaos
> in tribal and religious dimensions. We are going to have to win Iraq
> street-by-street and house-by-house and we will lose many of our
loved
> ones. That is why both Bush and the neocons and Democrats are
working
> behind the scenes to assure a majority vote for a new selective
service
> draft so your children and grandchildren cannot only die but be
rape,
> abuse and torture participants. We are not liberators; we are
invaders and
> occupiers. The war is costing $350 billion a year and 36% of the
world's
> military expenses. Yes, with much money and hundreds of thousands of
> troops we are subjugating a people, and we get to pay for it as Mr.
Bush's
> cronies steal billions of dollars. Now there is panic in
Washington. Iraq
> could get worse and Mr. Bush could lose the election. We are told by
> General Abizaed, that violence would increase after the 6/30/04
handover
> and that the Iraqis won't be ready to assume responsibility for
security
> until April 2005. Who will assume command of Iraq? It will not be
the
> criminal Ahmad Chalabi, he has been purged. Yes, the inner
illuminist
> circle, or should we say pentagon, is running around like the
keystone
> cops. The tragedy is so many people are dying. The economy is on
steroids
> and even the feeble of mind are aware of it. The employment figures
are
> still lies. The Ohio Steel Plant Bush touted as a model last year is
> closing and 1,300 more will be fired in a state, which 170,000 have
lost
> jobs in the manufacturing sector that ended up in China. Another
sacrifice
> to free trade and globalization as our country heads down the drain.
> Unfortunately, the Democrat alternative is not any better. We are
voting
> for a third party candidate.
> Lack of jobs in Mexico and the possibility of becoming American
> citizens offered by George W. Bush have poor Mexicans dying in
record
> numbers as they try to cross the border into the US. Sixty-one of
these
> poor souls have died in the Arizona border region since October 1;
triple
> the number of the previous year. All because our President does not
have
> our border adequately protected and because he entices them to come
here
> to garner Latino votes. Last year 154 deaths occurred in the Tucson
and
> Yuma sector. Who out there would attempt to cross the Sonora desert
> between Yuma and Nogales in 130-degree temperatures? In just five
months
> apprehensions in the desert south of Tucson

--></T>

-->Es scheint ungemütlich zu werden, u.a. stehts auch diesem Beitrag. Aber diesen langen, gequoteten (>>>) Beitrag mag ich nicht ganz lesen, zumal meine Englischkenntnisse mies sind. Bitte stelle doch eine kurze Zusammenfassung zusammen. Würde mich echt freuen.

-->
Ich habe der Forums-Gemeinde (sehr bekanntes Bulletin - Board) in etwa so geschrieben:

"Hier handelt es sich um eine Abhandlung von gegenwärtigen und Jahre zurück-
liegenden 'Head-Lines' einer Tageszeitung welche auf der Front-Seite rote
Gross-Buchstaben zeigt.

Entweder ist der Newsletter - Editor (Chapman) ein Guru einer Weltuntergangs-
Sekte oder er kann tatsächlich auf dem Wasser gehen."


Die aufgeführten Dinge entsprechen den Tatsachen, die einzelnen Zahlen und
statements vermag ich nicht zu prüfen, aber zusammengefasst ist der Bericht
eine Horror-Story sondergleichen. Ich habe selber nur quer gelesen und werde,
nach Rückkehr am Dienstag einen Ausdruck machen, hier habe ich keinen Drucker.

Sorry for so less.

Emerald.

-->>...This is similar to the way it began
in the late 1960s at the beginning
of gold's last great run....

Scheinbar wieder gold-pushing.

Bin gespannt, wers essen mag, wenns wirklich so schlimm kommt.

-->

-->>THE INTERNATIONAL FORECASTER
>> MAY 2004 (#4) Vol. 8 No. 5-4
>> This is from a newsletter of Bob Chapman. Conspiracy economist. Sees
>transnational
>> forces wanting to break the economic/military power of the US. His
>> newsletter gives the details week by week for investors. Lots of
>fear of
>> course. I read it to get a view, a picture of what the world will
>be like
>> from where he sits. And to see HOW the bad guys may be doing it to
>keep a
>> step ahead. What do you think?
>>
>>
>> US MARKETS
>> As the Fed creates massive amounts of aggregates, the administration
>> creates ever-larger deficits daily. There is no sign that either
>the Fed
>> or the Bush neocons are going to ease up anytime soon. Irrespective
>of
>> government statements, inflation is running at about 9.5%. Currently
>> inflation is rising faster than interest rates and we expect that to
>> continue as long as the Fed massively feeds the system and Mr. Bush
>and
>> Congress create newer and bigger deficits. This is similar to the
>way it
>> began in the late 1960s at the beginning of gold's last great run.
>Today
>> we have record budget and current account deficits that dwarf those
>of
>> that period. Congress and the administration have no inclination to
>in any
>> way cut spending and on top of that, we have perpetual war for
>perpetual
>> peace. The stock market will top out finally this fall as the
>prolonged
>> bear market rally is completed. If the Fed continues its madness as
>it did
>> in the 1970s then interest rates could again reach a Fed fund level
>of
>> 16.39%. We are currently at 1%. Today we have a nation that
>although they
>> won't admit it, lives in fear of its government. Where else today
>can you
>> say something misinterpreted by an employer at an airport and be
>> prosecuted? Where else can you have your phone tapped for writing
>the IF?
>> Only in America. These are not universal values; these are the
>trappings
>> of a police state. If you put all the above together you come up
>with a
>> crisis and that is where we are headed.
>> Exporting dollars is becoming a major American industry; $30 billion
>> goes to Latin America every year and of that $14.5 billion goes to
>Mexico.
>> Fifty percent of those sending funds home make $20,000 or less a
>year, but
>> send home 10% of their income.
>> The use of drugs to control attention deficit and hyperactivity
>> problems in preschool children jumped 49% in the past three years.
>All
>> children on ADHD drugs increased by 23% in children under five. The
>money
>> being spent on ADHD is eclipsing spending on drugs for asthma and
>> infections. At the same time, the use of antibiotics grew only
>4.3%, while
>> the use of antidepressants rose 21% and the use of medicines for
>autism
>> and other conduct disorders jumped 71%. The most eye-popping change
>was a
>> 369% increase in spending on ADHD drugs for children under five.
>Their
>> parents are too lazy to deal with normal child behavior. New drugs,
>such
>> as Strattera, Adderall and Concerta only require one dose in the
>morning
>> and the kids are like zombies all day. It is estimated that almost
>10% of
>> American children are being poisoned with these drugs just so
>teachers
>> won't have to bother to correct them. By the time they are 10-15
>years old
>> they are ready for suicide.
>> The Secretary of Defense, Donald Rumsfeld's orders for the treatment
>> and interrogation of Iraqi prisoners brings up questions about
>treatment
>> of prisoners in American correctional institutions. The 12 million
>people
>> who pass through these institutions each year are often subject to
>violent
>> attacks by other inmates, prisoner-on-prisoner rape is endemic, drug
>> resistant strains of tuberculosis is rampant, as are drugs and the
>> swapping of needles that leads to HIV infection and liver destroying
>> hepatitis C. Psychiatric care for psychotic inmates is poor to
>> nonexistent. Twenty-five percent of inmates are usually under
>> administrative lockdown. Almost 50% in lockdown have tried to commit
>> suicide. Our prison system is a disgrace to us as a civilized
>people.
>> A federal advisory committee says Congress should pass laws to
>> protect the civil liberties of Americans when the government sifts
>through
>> computer records and data files for information about terrorists. A
>better
>> idea of course is to terminate Patriot Acts I & II. Currently
>agencies are
>> collecting and using personally identifiable information on persons
>for
>> national security and law enforcement purposes. The programs are
>mirror
>> images of the Pentagon program named, Total Information Awareness,
>now
>> euphemistically known as, Terrorism Information Awareness, which
>makes
>> each citizen a potential terrorist suspect. In data mining our
>government
>> has no intention of protecting individual privacy. The only
>solution is to
>> do away with Patriot Acts I & II. If we are going to have these
>Acts then
>> Congress must pass legislation protecting our rights and demand
>court
>> orders for data mining, search and seizure. What is happening is
>that
>> anyone who speaks or writes negatively about government is subject
>to
>> harassment and entrapment. We know because government has already
>tried
>> unsuccessfully to use it against us.
>> In our latest insanity, the US Postal Service is honoring EID Muslim
>> holiday season with a commemorative first-class holiday postage
>stamp. The
>> stamp should be boycotted.
>> Get ready for the administration to blame the cost of energy for the
>> fading of the recovery. The Fed and the Bush neocons were too early
>in
>> their timing. They have nothing for an encore except not raising
>interest
>> rates and the Fed pumping $2 to $3 trillion into the economy,
>> The Bush neocons are well on their way to dismantling the anti-trust
>> laws in our country. Mergers and acquisitions abound as the
>consolidation
>> of companies continues leading to more and more concentration. Any
>strong
>> company is fair game for internationalist corporatist interests. The
>> profitable assets are removed, the carcass sold off and its
>employees left
>> without jobs. Retirement funds and benefits are cut or lost, as is
>present
>> and future healthcare. The mergers in telecommunications and the
>media are
>> affected to kill the chance of any real news being reported.
>Halliburton,
>> Bechtel and the Carlyle Group are running our country. There is no
>> integrity left in journalism and anyone who reports the truth is
>hounded
>> into silence. Today America is a scary place and we don't see any
>> improvement anytime soon.
>> The Bush neocons, in a major policy reversal, signaled its readiness
>> to accept Islamic theocracy in Iraq. Colin Powell said,"We will
>have to
>> accept any free and fairly elected government." We believe this is
>to
>> insure that a new Iraqi administration will be set up by June 30 as
>a
>> sovereign government supported by a new UN resolution, which will
>speed up
>> the neocons exit strategy.
>> Our purchased Congress has again thwarted the will of the American
>> people. It has summarily dismissed Eliot Spitzer's exposures and
>more than
>> a dozen Congressional hearings on five bills that should have
>reformed the
>> worst mutual fund scandals in sixty years. Congress has again
>ignored all
>> the evidence and accepted the payoffs from the fund and brokerage
>> industries, leaving 95 million investors in the hands of these
>greedy
>> crooks. These are the same investment professionals who lost 43% of
>> investors' assets between 2000 and 2002, while they raised their
>> compensation 25%. Incidentally, for new readers we got all of our
>> subscribers out of the market in April 2000. Congress' lack of
>action
>> allows these crooks who control massive financial assets to continue
>> skimming off the top. Lean on your representatives in Washington
>and if
>> they do not listen make sure they are not reelected.
>> An investigation into one of the biggest corruption scandals in
>> history is being hampered by the US-led administration in Iraq
>according
>> to our Congress and officials in Baghdad. The actual review of the
>records
>> has been delayed for weeks and documents are being altered or
>destroyed.
>> At least $11 billion has gone into the pockets of 270 people and
>> organizations. The elitist, Mr. Bremer, pro-counsel of Iraq,
>intervened
>> in March, saying he would not release funds to pay KPMG, the
>auditor,
>> which had already made substantial progress in locating documents
>in Iraq,
>> unless the contract was put out to tender. This is interesting,
>inasmuch
>> as few contracts have been put out to tender in Iraq. All the
>business
>> went to neocon cronies and other financial contributors. KPMG was
>finally
>> appointed and will be paid about $6 million for the effort. Then
>the CPA
>> decided it would appoint its own auditors to investigate
>allegations and
>> Ernst and Young were set to work as well. Many in Congress are angry
>> because it is obvious Bush and the neocons are trying to destroy
>all the
>> evidence. The IGC, with the help of KPMG, had already located
>billions of
>> dollars that came out of illicit oil-for-food profits in Middle
>East bank
>> accounts. Americans, because of this theft, more of your hard-
>earned tax
>> dollars had to be spent.
>> Surprisingly Alan Greenspan is going to stay as Chairman of the
>Fed, as he
>> was re-nominated by George W. Bush.
>> Forrester Research says it expects 1.6 million office jobs to have
>> moved to India and other foreign countries by the year 2015. Office
>and
>> computer jobs will lead the march, costing 3.4 million more US jobs
>and
>> more than $151 billion in wages. 542,000 computer jobs are next on
>the
>> list, followed by 356,000 businesses and 259,000 management jobs.
>Overall,
>> about 6.4% of jobs in vulnerable categories will be outsourced in
>the next
>> 11 years. Are you listening America? Your jobs, your livelihood, the
>> future of your children are being destroyed by the elitists to make
>> America a second world country. Climb all over your members of
>Congress.
>> If you do not, your family will either starve to death or you will
>be
>> forced to fight in the streets.
>> The BIS derivative survey reveals that, as of 12/03, the global
>> derivatives market amounted to $234 trillion of notional contracts,
>of
>> which 75% or $175 trillion are interest related, and 80% or $142
>trillion
>> of these are on the OTC market. That is 2.7 times higher than when
>LTCM
>> blew up in 1998. This means the global economy produced $22 in
>> interrelated risk transactions for every $1.00 of estimated growth
>in its
>> physical counterpart in 2003, which denotes a financial system
>totally out
>> of control. After reading this, if you do not think we are in
>trouble
>> there is something certainly wrong with your thinking process.
>> The NASD reprimanded Morgan Stanley, Bear Stearns and Deutsche Bank
>> and ordered them to collectively pay a fine of more than $15
>million. They
>> gave special clients shares of hot IPO's. For this the banks
>accepted
>> outrageous commissions. That is where all these hot IPO's went that
>> couldn't get any of.
>> As the current account deficit approaches $600 billion, the US needs
>> to attract a net $2.7 billion of overseas capital every single day.
>> Overall, debt stands at 163% of GDP. This is beyond imagination.
>> They once put bookmakers in jail, as gambling was once considered a
>> vice. Today it is a savior for many states that are rolling the
>dice and
>> hoping lotteries, slot machines, and casinos will create income,
>jobs and
>> healthier budgets. Hesitant to raise taxes, particularly in an
>election
>> year, 24 states have looked at gaming proposals this year to boost
>> revenues and help pay for education, health care and other basic
>> necessities that states provide. Today there is gambling in 23
>states
>> which have casinos owned by American Indian tribes. Gambling is
>insidious
>> and there is no question it draws crime. It is a tough trade-off but
>> unfortunately people are going to gamble anyway, so the proceeds
>going to
>> good causes aren't all that bad.
>> Apprehension continues to grow as it becomes very obvious that the
>> Fed has to raise interest rates. They would have been raised by now
>but
>> this is an election year and the Fed is illegally doing all it can
>to
>> assure the reelection of George W. Bush and his neocons. Treasury
>debt is
>> spiraling upward and the Fed's creation of aggregates is exploding.
>That
>> has caused real market interest rates to rise 1-3/16% over the past
>two
>> months, which has caused large bond market losses. This has led to
>capital
>> repatriation by foreigners in anticipation of even higher rates.
>Just as
>> powerful has been the unwinding of the carry trade, which has
>caused the
>> dollar to strengthen in an unusual manner. Most professionals do
>not as
>> yet realize it but this is the beginning of the popping of the bond
>bubble
>> and the beginning of the re-decent of the dollar. As the carry trade
>> unwinds and moves to cash, other bubbles will burst in real estate
>and in
>> the stock market, both of which will not occur in a visible way
>until
>> after the election. The carry trade is when you borrow money at 1%
>and buy
>> Treasuries at 4%. If interest rates are moving higher, you are
>taking
>> capital losses in the underlying bonds, which neutralize your gains
>or
>> cause you losses. The exit from the carry trade is in anticipation
>of
>> higher interest rates. The bubbles will break so fast after the
>election
>> that peoples' heads will be spinning. They just will not believe
>what is
>> happening to them as Societe General, the Paris banks says,"We see
>a
>> confluence of ominous events. A slowdown in US economic demand may
>be
>> unavoidable - cooling Chinese demand - under weighting global
>> manufacturing demand." Just add in higher interest rates and you
>have the
>> beginning of a horror story.
>> Yes, there is a mountain of debt and yes, a credit bust is going to
>> happen in the US, but not until the election is over. The Fed has
>the
>> power to temporarily delay the events, particularly in the stock
>market by
>> increasing funds available via the repo market. The tidal wave of
>credit
>> to US households, particularly in mortgages, home equity loans and
>credit
>> cards will not go onerously up in cost until later this year. As the
>> credit flow contracts due to higher costs, borrowers will pay down
>debt,
>> or go bankrupt. That will slow the economy forcing house prices
>down,
>> creating a loss of equity and ending the wealth affect. The ultimate
>> result will be a depression worse than the 1930's. We would be
>surprised
>> if the Fed raises rates on June 29-30. We expect them to rise in
>August.
>> From 1993 to 1995 rates doubled but the debt situation was 20% of
>what it
>> is today. For starters, we expect a move up in interest rates in
>2004-2005
>> from 3.65% on the 10-year Treasury note to 7-1/2%. If the Fed
>continues
>> its aggregate creation at current levels, which they say they will
>and
>> then some, then we can expect much higher rates as inflation soars
>past
>> 12%. Remember that in 2000, a 1.75% increase in rates brought the
>market
>> down 43% and NASDAQ down 70%. Can you imagine what a four-point
>increase
>> will do? The indications of excesses in prices are everywhere even
>though
>> our government lies about it. Looking at the value of residential
>real
>> estate as a percentage of personal income shows the ratio to be
>182%,
>> which is over 20% higher than its last peak in the late 1980's.
>Mortgages
>> are about to rise back up to historical levels. The 20-year average
>has
>> been 8.6% and we predict 8-1/2% by the end of 2005 and even higher
>rates
>> after that if the Fed continues to pump over a trillion a year into
>the
>> economy. However, home equity is now 55% versus the 20-year average
>of
>> 61%. Service of this debt is at a much higher level than in years
>past.
>> Plus, today some 30% of mortgages are ARMS, which have adjustable
>rates,
>> and 45% of mortgages are sub-par. Loans that should never have been
>made
>> to begin with. It should be noted that mortgage related assets now
>account
>> for 59% of banks' earning assets, up from 30% in the mid-eighties.
>That
>> means bank earnings will plunge next year. Even with zero percent
>> financing, automakers see declining sales. A four-point rise in
>interest
>> rates will force the end of zero financing and auto and truck sales
>will
>> plunge. Avoid these manufacturers at all costs. In the fall, short
>them
>> because they will get crushed. Some will not make it. Alan
>Greenspan has
>> done the unforgivable and we will get to pay for his actions in
>behalf of
>> his elitist masters.
>> The average computer programmer in India earns roughly $10.00 an
>> hour, compared to more than $60.00 per hour for the average American
>> computer programmer. Keep up off shoring corporate America and you
>soon
>> will not have anyone in the US to sell to.
>> Almost two-thirds of 1.6 million civilian full-time employees of our
>> government received merit bonuses or special time-off awards in
>fiscal
>> 2002. They ranged from less than $100 to over $25,000. 2,900
>received
>> bonuses of more than $10,000 each. Civil service specialist said the
>> proliferation of bonuses reinforces a common belief that many
>federal
>> workers are rewarded for little more than showing up. We call this
>buying
>> votes. The National Science Foundation, DOC and CSA gave bonuses to
>more
>> than 90% of their workers.
>> American Express is under investigation for fraud by not disclosing
>> certain revenue sharing arrangements with mutual fund clients.
>> Federal and state prosecutors are investigating Charles Schwab for
>> fraud and market timing and late trading of mutual funds.
>> The California Senate approved legislation by a 36-2 vote and sent
>> it to the assembly to warn consumers when spyware was added to their
>> computers when they buy software. These programs track what web
>sites you
>> visit, may steal your passwords, access your financial information,
>log
>> your keystrokes, bombard you with pop-ups, track your purchases and
>> remotely report your activity and personal information to a third
>party,
>> which includes our government. Maybe this will get our purchased
>Congress
>> to act.
>> Saudi Arabia, a subject nation of the US and UK, has pushed for
>> higher oil production as a result of pressure from governments and
>> international elitist corporations. As Hugo Chavez, Venezuela's
>president
>> has said,"In my opinion it would be a very bad message for OPEC to
>give
>> into pressures and then increase production. No, OPEC should say to
>the
>> big consumers, let's sit down at the table and let us talk about the
>> causes in the increase in prices." Of course, the major users have
>no
>> intention of doing that.
>> The MBA says weekly mortgage activity for the week ended 5/14/04
>> fell 11.9% to 654.1 from 742.2 the previous week; 30-year fixed
>mortgage
>> rates fell 11 basis points to 6.21% and they are still up 104 BP
>from last
>> year. The MBA purchase index, a gauge of new loan requests for home
>> purchases, fell by 8.1% to 454.2 after hitting its second highest
>level at
>> 494.3 the previous week. The high was 501.6 on 1/16/04. The
>refinancing
>> index fell by 16.8% to 1,816.9 from the previous week's 2,184.6, the
>> lowest since January when it was 1,755.4.
>> The aggregate number of jobs sent overseas to-date will pass 500,000
>> this year and reach one million by 2006. Most are being farmed out
>by
>> Fortune 1,000 companies contrary to public belief. US transnational
>just
>> do not want the public to get the facts on how they are destroying
>> America. In just the next 1-1/2 years management will lose 42,000
>jobs;
>> business 120,000; computing 203,000; architecture 54,000; life
>sciences
>> 5,500; legal 23,000; sales 47,000 and office 475,000 for a total of
>> 963,500 jobs and that is only with Fortune 1,000 companies. The
>economic
>> destruction of America goes on unabated.
>> Tuition at 15 well-regarded colleges is about to rise again next
>> fall far above the so-called inflation rate. Stanford will increase
>4.5%
>> to 11.1% for out-of-state students at the University of Washington.
>The
>> average is 5.5%. This is a reflection of higher medical costs,
>salaries,
>> student aid, and prestige - the more expensive the better it is. In
>2003,
>> 50% of all undergraduates received some grant aid that never needs
>to be
>> repaid. Sixty percent receive some sort of financial aid. In 31
>elite
>> schools the total cost including room, board and other expenses
>averaged
>> $37,940; 49% of students received need-based grant money. The
>average
>> award was $18,161. More disturbing from our point of view is that
>40% of
>> those in college do not qualify or belong there.
>> Eight Cape Cod, MA companies sued the US government and a state
>> labor agency in an effort to increase the number of visas granted
>for
>> temporary foreign workers to more than 100,000 this year from
>66,000 in
>> 2003. The claim is government unfairly prevented businesses from
>obtaining
>> the visas they need to increase their staffs during the spring and
>summer
>> season. Business is crying because they cannot get slave labor to
>increase
>> their profits. These foreign workers suppress the wages of all
>American
>> workers. Business should increase wages and they will have no
>trouble
>> getting domestic workers.
>> Consumer prices rose in the first four months of the year at a 4.4%
>> annual rate, compared with a 3% gain last year. Core prices that
>exclude
>> food and energy increased 3% versus 0.9% in 2003. As a result five
>and
>> ten-year US Treasuries have produced a loss of 5.6% over the last
>seven
>> weeks. The difference in yield between the current 10-year note and
>the
>> 10-year TIPS, has widened to 2.74%, the biggest gap since the US
>started
>> selling TIPS in 1997. The low gap was 2.15% on 1/15/03. The five-
>year
>> average is 1.89%. The Fed's overnight bank lending rate is the
>lowest
>> since July 1958. Much more inflation is on the way.
>> From a top administration official:"We assume an attack will happen
>> leading up to the election and it will happen in Washington. An
>attack in
>> Washington and in other major cities." This confirms our very
>> controversial prediction and position of several months ago that if
>Bush
>> looks as if he may lose the election, we will have terrorist
>attacks.
>> The diversions have been in place to mislead the public - drawing
>> them away from the real problem, the US and world economies. That
>is what
>> 9/11; Afghanistan and Iraq are really all about. Now that finance
>and
>> economics are interconnected, country-to-country, the financial
>chaos can
>> be shared with the rest of the world. Shortly official US interest
>rates
>> will rise and the collapse gets underway. Commodities, gold, silver
>and
>> bonds have had steep corrections as of late. Interest rates on the
>10-year
>> Treasury note are up over 30%. Consequently, all debt paper
>interest rates
>> have risen as much if not more. Were it not for the manipulation of
>the
>> stock market it would most certainly be lower, but we are now
>experiencing
>> the power of corporatist fascist government. This market power will
>weaken
>> later this year. Rates will rise; bonds, the market and real estate
>will
>> fall. Of course, gold and silver will rise.
>> The Supreme Court will rule in June on whether to allow Mexican
>> trucks full access to American highways by overturning a ruling
>from the
>> 9th Circuit Court of Appeals in California. This was supposed to be
>> accomplished nine years ago. Yes, many Mexican trucks are unsafe
>and carry
>> drugs and yes, some need pollution equipment upgraded. The real
>reason is
>> trucking competition with US carriers. Many of the trucks on the
>border
>> with the US from Mexico are very dirty, but so are US freight hauler
>> vehicles. The result is major border contamination. The drugs of the
>> Mexican trucking fleet crossing the border have higher inspection
>failure
>> rates, 37%, then US trucks, 24%. Otay Mesa, near San Diego, which
>we have
>> used hundreds of times, is a major entry point for Mexican trucks
>into
>> California. With a state-of-the-art border inspection station, the
>failure
>> rate for Mexican trucks was 22%, slightly better than the 24% for US
>> trucks. Safety, jobs, money and US unions are really the issue. US
>> regulatory rules and regulations are a pretext to protect American
>> interests. We signed the treaty and now we do not want to live up
>to it
>> after we virtually destroyed Mexican agriculture. NAFTA has been a
>failure
>> and should be ended.
>> It looks like Alan Greenspan has decided to try to be the
>> longest-serving Chairman of the Fed. Bubbles, as he is known among
>his
>> elitist friends, will surely be the most famous bureaucrat since
>Pontius
>> Pilate, who also loyally served another fascist government,
>Imperial Rome.
>> If Sir Alan lives, he will go down in history as the man who
>destroyed not
>> only the US, but also the world economy. The appointment also means
>that
>> interest rates will be raised in August at the earliest and maybe
>not
>> until after the election. As we told you before, cover your shorts
>the
>> elitist with the help of Sir Alan will attempt to take the Dow to
>14,000.
>> Under the cover of that move the conspiracy could care less if gold
>goes
>> over $500. That is the way it is going to be, because all our
>markets are
>> rigged.
>> Last week Freddie Macs 30-year fixed loans were 6.30%, down from
>> 6.34% the previous week. Arms rose to 3.99% from 3.9%. Refinancing
>was off
>> 17% and applications for home purchase loans dropped 8%. The
>application
>> index is down 56% from a year ago. Refinancing has fallen to 37.4%
>of
>> total applications, up from 34.8% a week ago.
>> If ratified by the US Senate, the proposed new extradition treaty
>> between the US and Britain will strip Americans of the protection
>of the
>> US Constitution and the Bill of Rights and rob them of their
>liberties.
>> The treaty would be retroactive in application and will also
>eliminate any
>> statute of limitations. The treaty supposedly deals with combating
>> terrorism, organized crime, money laundering. Buried deep inside is
>> language that would strip Americans of all their rights. Some of the
>> language includes, such items and assets may be surrendered even if
>the
>> extradition cannot be carried out due to death. They can extradite
>if the
>> request is for political reasons and even if no federal law has been
>> violated. You can be provisionally arrested and detained for 60
>days upon
>> request by the UK. Those requested by the UK for extradition would
>get no
>> judicial review. Our President would make the final decision.
>Although no
>> crime has been committed and no charges bought, the assets of the
>> so-called offender could be seized at the direction of the British
>for
>> their benefit. How's that for a fascist police state? Two-thirds of
>the
>> Senate must ratify the treaty. It does not go to the House; it goes
>> directly to the President. It is suspected that the real target of
>the
>> treaty is the Irish-American community. Anyone, under the treaty
>who is
>> critical of Britain, or the Royal Family, as we are all the time,
>could be
>> extradited and or prosecuted. The British make the request one day
>and you
>> are on the plane to London the following day. You would be picked
>up by
>> British security forces and be designated for torture similar to
>that used
>> in Iraq. This subverts and destroys the meaning of the American
>> Revolution.
>> Never before in monetary and fiscal history has a government been
>> more irresponsible with its citizen's money and never before has the
>> Federal Reserve done more to undermine our standard of living and
>steal
>> our wealth via inflation, and lie about it. This increased
>government and
>> private action in the economy is known as corporatist fascism. It is
>> manipulation of all markets as tools of economic warfare against
>American
>> citizens. We now need some $1.8 to $2 billion dollars a day to be
>loaned
>> to us by foreigners, mostly foreign central banks. Globalization has
>> brought us cheaper prices for goods, particularly from China, but
>this is
>> a cover for the outsourcing of industries and jobs from every
>sector of
>> the American economy, that can only end up in the entire
>destruction of
>> the economy. The entire structure of America is being changed to
>turn it
>> into a second world country. Cheap prices and excessive credit
>expansion
>> has not and will not create new investment and permanent wealth. The
>> created capital is going into financial assets that contribute very
>little
>> to American growth. This monetary policy will next create wage
>inflation,
>> which in turn will accelerate inflation, which is already 9.5%, not
>the
>> 3.5% the Fed would have us believe. As prices move higher, wages
>have to
>> move higher. If for some reason they do not move higher, then
>inflation
>> would reverse and we would have deflation. Sir Greenspan cannot
>have that,
>> so look for large wage increases over the coming months. England,
>which
>> usually mirrors what will happen to us by six months to a year,
>just saw
>> wages increase 5.4%. Be patient those higher wages are on the way to
>> further feed inflation. Watch the UK economy. That is one of the
>reasons
>> we report on it. As soon as the increase in wages ends, then
>reflation
>> will end. In England, that is six months to a year away. In the US,
>it is
>> a year to two years away. Simultaneously interest rates will rise,
>putting
>> downward pressure on those artificially puffed-up financial assets.
>Thus,
>> next year you will have rising inflation and falling prices, truly
>the
>> worst of all worlds, because inflation will soar. In 2005 and 2006,
>> finally Sir Alan Greenspan will watch the trap close. There will be
>no
>> monetary escape and deflation will begin in a way not seen for
>centuries.
>> At that point, the Fed would monetize debt by buying, as the buyer
>of last
>> resort, massive amounts of US Treasury paper. Once the Fed has
>exhausted
>> itself, then default would come and the world would enter a period
>of
>> monetary darkness and the world financial system will collapse.
>> In order to find an easy way to fire employees, companies are
>> checking personal e-mail accounts to see if employees are accessing
>them
>> during work hours. If they are they are gone.
>> Due to offshoring and lower vehicle sales, major auto manufacturers
>> are forcing contract houses to take a near 50% cut in billing rates
>or
>> lose the business. New year will be a disastrous year for auto
>producers.
>> No matter what happens in Iraq, the Bush neocon cabal in Washington
>> will not let go of control of Iraq oil revenues. A condition for a
>> sovereign Iraq government is US and UK control of those revenues.
>Those
>> revenues will exceed $16 billion this year and UN Security
>Resolution 1483
>> passed last year, gives the US total control of the money from oil
>sales,
>> which is the only source of income for the country. The money goes
>into
>> the Development Fund for Iraq, which is currently run by US pro-
>council
>> Paul Bremer's CPA, Coalition Provisional Authority. All but one
>member are
>> foreigners. The elitists will loot this fund of billions of dollars
>for
>> years to come. Even the oil-for-food racket, where it has been
>exposed
>> that billions have been stolen, is still in operation and the
>looting is
>> still going on. The $1.8 billion taken from the fallen dictator
>Hussein
>> now resides in the Federal Reserve Bank in NYC, ostensibly to be
>looted by
>> the elitists. All these funds are earmarked for the Iraqi people,
>but we
>> can promise you a good part of them will be stolen. The total of
>funds on
>> deposit now is about $7.3 billion and no one knows where any of the
>funds
>> are going because it is a secret, like so many things in our fascist
>> government. We could guess a major portion of the funds are being
>> disbursed to CFR elitists companies, such as Halliburton, Bechtel
>and
>> other"contract mercenary companies", part of which will flow to
>the men
>> running the show. What is worse is Congress knows exactly what is
>going on
>> and does nothing to stop it. That may in part be because the CPA
>has been
>> exempted from any investigation by the Government Accounting Office
>or any
>> requirement to appoint an inspector general, as mandated for all
>> government agencies by law. In Iraq, American personal have been
>stealing,
>> taking bribes and using extortion on the Iraqi people as well as
>torturing
>> them. Some of our military, mercenaries, bureaucrats and elitists
>are
>> undoing in a few short years the good will and fair-handedness
>America had
>> built up over the past 225 years. We have become another scummy
>nation.
>> The Bush neocons ordered inactive reservists to report for active
>> duty again and the resistance was so great they rescinded the
>order. What
>> the Pentagon is doing is screening inactive reservists for possible
>> call-up. They could be called up involuntarily for as long as 4
>years. As
>> a result, soldiers are joining guard and reserve units to avoid
>call-ups.
>> Of course, Congress knew nothing of the plan, because the imperial
>White
>> House operates in secrecy. The screening process is almost complete
>and
>> 22,000 medics, truck drivers, and heavy equipment operators have
>been
>> identified for call-up. Commitments by the White House for on-going
>> conflict has put tremendous pressure on the Army and to some extent
>the
>> Marines and have stressed them out completely. The inactive
>military are
>> being told by recruiters that they should join the guard rather
>than be
>> sent overseas if re-inducted. Young people are being told that very
>bad
>> things would happen if they did not join the guard. We have news
>for all
>> of them. As long as George W. Bush and the neocons run Washington
>we will
>> have war, they will be deployed into the Middle East and their will
>be a
>> draft for both girls and boys.
>> Yes, we were right again and we are not going to gloat over someone
>> else's misfortune even if they are evil. The Lord takes care of
>> retribution for us. A Delaware judge ordered disgraced elitist
>newspaper
>> baron Lord Conrad Black and the holding company he controls to pay
>back
>> $30 million. We beg forgiveness for being off by $2 million. A
>recently
>> amended lawsuit is being filed by Hollinger International, which
>accuses
>> Black and other former executives of violating Rico statues, and is
>> seeking to recover $1.25 billion. How could we have missed that? It
>just
>> goes to show you, we are not perfect. I hope that in the end Lord
>Black
>> and his ilk will be put permanently out of commission in the
>business
>> world. Now we need to catch more of these white-color thugs.
>> There are few tax breaks for America's poor. Those making under
>> $40,000 a year. Yet, Congress is considering a bill to provide tax
>breaks
>> for families earning as much as $309,000 a year. It is part of the
>House
>> tax-cutting spree that could add $500 billion to the deficit over
>the next
>> ten years. The House would not only make permanent the $1,000 per-
>child
>> tax credit enacted as part of the 2001 tax cut, but would
>dramatically
>> increase the income limits for eligibility; currently, married
>couples
>> with incomes of up to $110,000 receive full credit. The bill would
>> increase that to $250,000. Families with two children would go to
>$289,000
>> and with three children $309,000. This is unnecessary, misguided and
>> irresponsible by Congress, which is emulating Mr. Bush who gets
>away with
>> everything. The Republicans propose these insane measures and the
>> Democrats act as if they were frozen in the headlights in the dead
>of
>> night. For families earning less than $10,750 the House will give
>nothing.
>> A two-child family making $150,000 to $250,000 get a $22,000 extra
>tax
>> break. Someone has to show us how that is fair.
>> It won't be long before higher gasoline prices change people's
>> driving habits. Due to environmental considerations, refining
>capacity has
>> fallen 50% over the past twenty years. The forces in Iraq are
>eating US
>> gasoline at an astounding rate while our government buys large
>quantities
>> of oil to fill the strategic reserve.
>> Word reaches us that the Oil-for-Food Program in Iraq has been
>> looted for years. Congress was hoodwinked and the Bush neocons,
>elitists
>> all, refuse to expose it for fear it would destroy the UN. The
>embezzled
>> figure is now over $10 billion. What was used was tainted food and
>> outdated medicines. The report on the larceny and kickbacks is
>phenomenal.
>> The major players were Kofi Annan and his son Kajo and Benon Sevan,
>> Executive Director of the program.
>> It has been revealed that Matrix, a database contractor, gave US and
>> Florida authorities the names of 120,000 people who showed
>statistical
>> likelihood of being terrorists, sparking some investigations and
>arrests.
>> Seisint has been appointed sale contractor on the federally funded
>$12
>> million project. Matrix is, Multistate Anti-Terrorism Information
>> Exchange, which combines state records and data culled by Seisint
>to give
>> investigators fast access to information on crime and terrorism
>suspects.
>> It casts a wide net that includes just about everyone, violating
>their
>> Civil Rights. A number of states in the program have withdrawn for
>this
>> reason. Matrix has four billion records. Law enforcement says the
>system
>> has been scrapped, but because of the perpetual lying, that comes
>out of
>> government, we wonder if in fact it has been dumped.
>> Key legal decisions made in the aftermath of 9/11, included a
>> declaration not to grant any al Qaeda and Taliban fighters prisoner
>of war
>> status under the Geneva Convention and this laid the groundwork for
>the
>> interrogation abuses that have recently been revealed in the Abu
>Ghraib
>> prison in Iraq. Internal memos from the White House show that
>> administration lawyers were privately concerned that they could be
>tried
>> for war crimes themselves based on the actions the administration
>was
>> taking, and might have to take in the future to combat the terrorist
>> threat. We believe that there is a good chance of war crimes trials
>if the
>> administration pulls another terrorist event, and declares Martial
>Law.
>> The Executive and Congress cannot get away with dictatorial
>government in
>> America. There are 450 million guns in the country and government
>would
>> force endless insurgent warfare for years, just as we now are
>witnessing
>> in Iraq. Eventually a dictatorial government would fall and all the
>people
>> you now see running the wars would be executed.
>> As former military, we know that allowing patterns of abuse and
>> torture to metastasize in any army annihilates its morale and
>> effectiveness. Most people are decent human beings and engaging in
>such
>> activities destroys the morality of what they are directed to do.
>These
>> men, like us, hold abusers and torturers in contempt. What is going
>on is
>> in direct conflict with the engrained standards and traditions of
>the US
>> Army. It starkly shows what monsters George W. Bush and his neocons
>really
>> are. They have allowed a descent into barbarism. All decent people
>recoil
>> in disgust in such a method of conducting warfare. In and of itself
>> warfare is a horrible experience, abuse and torture just magnifies
>> everyone's suffering.
>> Convicted criminal and number one Bush neocon-man in Iraq, Ahmad
>> Chalabi, has lost his elitist funding, Chalabi's Iraq National
>Congress
>> has lost its $340,000 a month funding from our tax dollars. We also
>know
>> that the CIA had been secretly funding Mr. Chalabi, even though his
>group
>> never supplied anything of value. Every intelligence report the INC
>> produced was worthless.
>> The House and Senate have agreed on a $2.4 trillion 2005 budget
>> plan, which may well not pass in the Senate, because of the one-year
>> extension of tax cuts. Even if passed in 2006, pay-as-you-go-rules
>would
>> be reimposed. If not passed, taxes would rise. Simultaneously a
>request
>> for a $25 billion war slush fund is being debated. The proposed
>budget
>> plan if passed would cost $689.9 billion and would mean, as we
>predicted,
>> that the current $7.38 trillion limit would be reached in
>September. We
>> expect before the election that Congress will have to increase the
>debt
>> limit to $8.5 to $9.0 trillion. There is absolutely no fiscal
>control left
>> in Washington. It is a government gone mad.
>> America certainly loves living beyond its means, but late this year
>> that Cinderella existence will come to an end. The free lunch will
>soon be
>> over. All illusions eventually end.
>> Stock analysts, regardless of experience, will be tested by next
>> April. How can you test a person who has been analyzing for 20 to
>45 years
>> and tell him he is out of a job because he did not pass a test.
>Series 86,
>> tests basic tools of the trade and Series 87 focus on regulations
>and
>> conflicts-of-interest disclosure. This is truly ridiculous.
>> It has now been reported the Bush neocons man in Iraq, Ahmed
>Chalabi is
>> suspected of spying for Iran on US troop positions and of
>kidnapping a
>> prominent physician from his home. Every time we see media coverage
>on
>> Chalabi, they always fail to mention he is a convicted bank
>embezzler. For
>> months there have been complaints of INC members impersonating
>police
>> officers, breaking into homes and carrying out robberies. Four INC
>> officials have been arrested on robbery charges.
>> Some time before September, you might consider going long the
>> Australian dollar versus the US dollar. The December 74-cent
>Australian
>> dollar calls (ADZ4C740) can be purchased for $750 or lower. If
>filled,
>> your risk is $750 and your potential profit at 7950 is $4,750. This
>is a
>> VERY dangerous trade, but for those who understand the risks it
>could be a
>> good one.
>> In the new world order, biochips will be the order of the day. Put
>> beneath your skin they cannot be stolen. They can access ATM's, pay
>bills,
>> sign contracts, verify your identity and locate your lost or
>kidnapped
>> children. Satellites can locate you anywhere in the world. If you
>say
>> anything critical of the government your chip won't function and
>you and
>> your family will go bankrupt and starve to death.
>> Even if the Fed raises interest rates they still are responsible for
>> a continuing expansion of aggregates, directly and indirectly, of
>over $1
>> trillion a year. Inflation is 9.5% and is guaranteed to be 12% plus
>by the
>> election. From 1973 to 1981, the Fed raised rates, but it was too
>late,
>> like it is too late now, too much money was in the system and this
>time it
>> is still pouring in. In the meantime, the fiat un-backed dollar is
>being
>> destroyed. Even though the dollar and the stock market has rallied
>in six
>> months they will be headed down again. That brings us to the
>antithesis of
>> the fiat dollar, the only real money in the world, gold. The US
>stock
>> market is valued at $13 trillion, the bond market at $22 trillion
>and the
>> world markets at about $100 trillion. The value of all the gold
>shares in
>> the world is $200 billion, which is smaller than a number of
>separate US
>> companies, such as GE. That means there is a lot of money in
>investments
>> that could easily go into gold shares. Higher interest rates won't
>help
>> unless they are exceedingly higher, and inflation at current or
>higher
>> levels will last a minimum of 1 1/2 years.
>> The Defense Department, Mr. Donald Rumsfeld, has proposed using US
>> Internal Revenue Service data to trace down reservists with which
>they
>> have lost contact. Our President, of course, is anxious to approve
>the
>> amendment to the tax code to legalize the practice. Troops are
>obligated
>> to keep the military informed with update contact information, but
>34% of
>> former soldiers cannot be tracked.
>> Arizona has 67,000 gun owners legally carrying concealed weapons.
>> Typically they are white middle-aged, 20% are female and 52 pistol-
>packing
>> women are over 80. In Maricopa County one of every 56 people are
>packing.
>> One in every 82 Arizonans can legally carry a concealed weapon, 99%
>of
>> permit holders are white, including Hispanics, 13,500 women have
>permits,
>> and 25% of holders are 50-59 years old. An armed citizenry is a free
>> citizenry.
>> Mr. Bush and his neocons have violated two federal laws through part
>> of its publicity campaign to promote changes in Medicare intended
>to help
>> older Americans afford prescription drugs. Federal money was spent
>> covertly to produce propaganda videos about Medicare charges that
>were
>> made to look like reports. The device was designed to provide less
>help to
>> Medicare patients and help pharmaceutical and managed-care
>companies. This
>> is another example of misrepresentation, deceit and more violations
>of the
>> law.
>> Junk bond funds saw an outflow of almost $1 billion last week,
>> following $2 billion the previous week. GM and Ford were among this
>> months' worst performers; GM dropped 7.4% in May, the worst return
>of
>> 3,749 bonds.
>> M3 added $3.2 billion. Year-to-date, 19 weeks, broad money is up
>> $353.1 billion or 11% annualized.
>> ABS issuance was strong, $16 billion with year-to-date issuance of
>> $216 billion, running 28% ahead of comparable 2003. Home equity ABS
>> issuance is running up 72% from a year ago to $122 billion.
>> Total credit expanded $4.0 billion to $6.52 trillion as of 5/12/04.
>> Bank credit is up $274 billion during the 19 weeks of the year, or
>12%
>> annualized. Real estate loans were up $163.0 billion, or 20.1%
>annualized.
>> Commercial paper jumped $10.8 billion to $1.346 trillion, the
>highest
>> level since early last August. YTD commercial paper is up $77.9
>billion or
>> 15.9% annualized.
>> Fed foreign custody holdings of Treasury and agency debt rose $7.0
>> billion to $1.20 trillion. YTD Custody Holdings are up $133.0
>billion, or
>> 32.4% annualized.
>> Well, the Bush girls are graduating from college, Barbara from Yale
>> and Jenna from the University of Texas at Austin. Barbara has a
>degree in
>> humanities and Jenna in English. Except for one incident, the 22-
>year-old
>> sisters have stayed out of the limelight. Barbara lived on the same
>> residential college, Davenport College, as her father. Yale divides
>each
>> class among 12 residential colleges, each with its own dorms, dining
>> halls, sports activities and coats of arms. Davenport's coat is
>three
>> crosses and a chevron in black on a white shield. Like their
>mother, the
>> twins joined the Kappa Alpha Theta Sorority. Barbara being most
>like her
>> father was one of the 13 anointed to be accepted into the Satanic
>Skull &
>> bones Order of the Illuminati. This secret society for Yale seniors
>> previously has had as members, Barbara's great-grandfather,
>grandfather
>> and father. Both children plan to get jobs via their father's
>friends with
>> Council on Foreign relations and attend graduate school. Barbara
>has a
>> summer job at a fashion house and Jenna at a public relations firm.
>They
>> are both prime for our new selective service draft scheduled to be
>> implemented next year. It will be interesting to see if they will be
>> drafted and join our boys and girls in the Middle East.
>> Forecasting the financial and economic future is not going to be
>> simple. Changes take place at the speed of light and if you cannot
>figure
>> out what the enemy is going to do before he does it, you are going
>to be
>> wrong and a loser. This is the art of psycopolitcal warfare,
>psywar, if
>> you may. We will have to get inside the elitist heads so we can
>make the
>> right moves and few people are equipped to do this. This is why we
>have
>> worked long beyond retirement to bring you the benefit of our
>knowledge
>> and hopefully we will continue to be correct. Make no mistake a
>crash
>> landing is guaranteed for America in finance, economics and
>socially and
>> politically. There is no way out. Global central banks are madly
>inflating
>> trying to stave off deflation and depression and they are
>guaranteed to
>> fail. We are sure because history tells us so. Every time a nation
>has
>> tried to inflate their way out of deflation, they have lost and so
>will
>> Sir Alan Greenspan. Sir Alan has been successful over the past
>couple of
>> years in exporting his credit bubble worldwide. Unfortunately,
>today most
>> economists worldwide have very little experience or have studied the
>> history of credit booms and that is because"it could never happen
>here
>> again." CPI, PPI, GDP unemployment etc. are the figment of some
>> bureaucrat's imagination in Washington. It has gotten so that our
>> government never tells us the truth. These economists, whose claim
>to fame
>> is that they are correct-one-third of the time, don't have a clue
>to what
>> is really going on. Nothing happens by chance, there are no
>coincidences,
>> and all markets are rigged. Free trade and globalization didn't just
>> happen. They were planned to take place. They were planned to
>destroy the
>> US economy, as we have known it, so that Americans would be forced
>to
>> accept world government. The underlying structure of our economy is
>being
>> deliberately destroyed. All the money and credit being poured into
>the
>> economy by government deficit spending and by aggregate creation by
>the
>> Fed is going into financial assets. It is not being used to build
>and grow
>> the American economy. Goods and services inflation was suppressed by
>> manufacturing offshore and outsourcing and this allowed the
>promotion of
>> asset price inflation to create a synthesis of growth, but the
>program had
>> to be taken too far and now inflation at 9.5% is out of control. It
>will
>> stay that way until the Fed closes the money spigots. Today, credit
>is
>> packaged into asset-based marketable securities, such as real estate
>> mortgage loans guaranteed by Fannie Mae and Freddie Mac, which we
>believe
>> will eventually succumb. Remember, Sir Alan Greenspan has told us
>he will
>> inflate as long and as much as he thinks is necessary to stop
>deflation.
>> One of his henchmen, Ben Bernake, even said he was prepared to drop
>money
>> out of helicopters. What a group of charlatans. In addition, dollar
>> purchases and global liquidity creation orchestrated by the Asian
>central
>> banks over the past year, at the behest of the Fed, has been
>> unprecedented. This has caused international investors to sell and
>avoid
>> dollar denominated assets. Foreign central banks are feasting on our
>> Treasury and agency paper, because few other sane investors will
>touch
>> them. Our over $500 billion current account deficit and our budget
>deficit
>> grow every minute of the day even with a cheap dollar. Over the
>past two
>> years in global financial markets, speculative leveraging has been
>> unprecedented, but higher interest rates are now causing
>deleveraging and
>> that is what has given us a dollar rally. Whether you noticed it or
>not,
>> the global financial system is at the beginning of the beginning of
>> structural failure. The dollar is on its way to an end as the
>world's
>> reserve currency. The dollar will soon lose its place as king of
>> currencies and will be replaced by gold. As interest rates rise it
>will be
>> all she wrote as interest rates rocket upward. There is no question
>the
>> Fed will continue to accommodate until hyperinflation gets out of
>hand.
>> This will be accompanied by deleveraging, higher interest rates and
>major
>> derivative adjustments. This will also be accompanied by
>deleveraging in
>> the housing market and higher energy prices. Rising prices will
>beget
>> higher prices. Higher interest rates will stem home equity loans,
>which
>> are already down to 34% of mortgage executions from 77% at their
>zenith.
>> That cuts $100 to $150 billion a year from entering our economy.
>The punch
>> bowl needs to be removed but the Fed won't do that, this is an
>election
>> year and as interest rates rise the economy will grind to a halt.
>The Fed
>> knows inflation is already 9 1/2%, but they will inflate anyway,
>they have
>> too. There will be a flight of liquidity to non-dollar assets and
>gold,
>> deleveraging will guarantee that. Thus, you have where we think
>things are
>> going. The future will be difficult and America is not prepared to
>meet
>> the challenge.
>> Evidently, George W. Bush and the neocons do not believe that they
>> have accomplished enough deficit spending, so now our President has
>> proposed a Millennium Challenge Account, which would channel $5
>billion a
>> year to poor countries, a sum that would reflect a 50% expansion in
>> existing aid programs. If we did not know George was a fascist, we
>would
>> mistake him for a Socialist. The short list of countries to get aid
>would
>> be countries with sound policies, which is a euphemism for political
>> payoffs.
>> A group of Christian activists is in the beginning stages of an
>> effort to have South Carolina secede from the US to become its own
>> sovereign state."Our Christian republic has declined into a pagan
>> democracy," says Christian Exodus.org in Tyler, Texas. The plan
>calls for
>> 12,000 Christians willing to be active in political campaigns to
>move to
>> the Palmetto State. The way things are going in America anything is
>worth
>> trying.
>> The Fed's admission that they will raise interest rates in the
>> future has no real significance. Any professional knows that was
>> inevitable. What pros are doing is deluding themselves that the
>effects of
>> higher rates will be inconsequential. They are wrong; the shock to
>the
>> economy will be huge. Already investment-grade companies have to pay
>> investors 96 basis points more than Treasury yields, the highest in
>5
>> months. The rate on the 30-year fixed mortgage is 6.30%; up from
>5.4% and
>> these premiums and rate increases are not going to disappear. The
>longer
>> the Fed delays action for political reasons, the higher the premium
>and
>> rates will climb. Five and ten-year Treasuries are already off 5%,
>the
>> biggest quarterly loss since 1986. The treasury - TIPS spread is
>2.75%, up
>> from 2.15% in January. That is why we recommended TIPS long ago for
>those
>> who had to remain in cash. The average spread over the past 5 years
>was
>> 1.89%. Annualized inflation is 4.4% so even with TIPS you do not
>keep up
>> with the official inflation rate, which is a lie. Billions of
>dollars are
>> being lost every day because our government refuses to tell the
>truth. We
>> believe that by the end of 2005, and in early 2006, the Fed rates
>now at
>> 1% will be 5%. That would put 30-year mortgage rates at 9 1/2% and
>the
>> 10-year Treasury at 8 1/2%. Those holding ARMS will be crushed.
>> Now that mortgage rates are up almost a point, homeowners are having
>> a hard time using their homes as ATM machines. As a result,
>companies are
>> offering loans that allow borrowers to skip a payment while those
>that
>> require only interest payments are in vogue.
>> Needless to say, Fannie Mae backs this type of loan in a pilot
>> program called, Payment Power. If you have paid your mortgage for
>three
>> months, you can skip 2 payments a year or 10 payments over the life
>of a
>> 30-year loan. How's that for cooking the books? Interest only loans
>are
>> pure speculative vehicles. America's lenders have a giant Ponzi
>scheme
>> going and it will crash and when it does you had best be debt free.
>> Personal bankruptcies were 2.8% in the year ended 3/31/04 in spite
>of an
>> economic recovery. All you debtors who have maxed your credit cards
>out
>> and plan on going bankrupt, remember the House has passed
>legislation that
>> will lead you to debtors' prison. They have made it almost
>impossible to
>> erase credit card and other debts in bankruptcy court. That
>legislation
>> zipped through our purchased House of Representatives. It now awaits
>> Senate approval and, of course, has a strong endorsement from
>George W.
>> Bush and the neocons. This legislation when passed after the
>election
>> could eventually cause a revolution on its own. Bankers' greed
>knows no
>> bounds. Wait until housing prices drop 30% to 50%. The Fed cannot
>keep the
>> money and credit flowing forever not with inflation at 9 1/2% or
>better.
>> Thompson Financial tells us executives sold $14.4 billion worth of
>> company stock in the first four months of the year, compared to $4
>billion
>> in the same period last year. Never have so many insiders made so
>much
>> money.
>> We think we will see a remake of 1994 in the financial markets, only
>> this time the time frame will be slightly different. Rates will
>rise and
>> Sir Alan will continue to pump credit and money into the economy.
>The
>> elitists have always avoided catastrophe by whatever it took
>> inflation-wise to bail themselves out. Otherwise, the fortitude or
>courage
>> does not exist to purge the system. That is unless this is the end
>of the
>> line and they are going to go for world government. We believe it
>is the
>> latter. Why else would they allow the horror of monstrous amounts
>of debt
>> imploding? There has been no effort by the Fed to reign in excess
>> consumption and debt formation. It is still being encouraged. Thus,
>we
>> believe this could be the grand finale. We also do not think
>interest
>> rates will be raised by the Fed in June, probably in August and
>maybe in
>> late November. That is why the stock market will stage another
>rally,
>> inflation will get much worse and gold and silver will rise. We
>believe
>> the re-nomination of Sir Alan Greenspan was part of this. We will
>> re-nominate you if you pump the economy up until November. This is
>also
>> probably why M3 has blasted off again over the past two weeks. This
>could
>> also be the result of the exhaustion of the recent massive fiscal
>stimulus
>> provided by mortgage refinancing, tax rebates and accelerated
>> depreciation. This is also why the DOW will take off late in June
>and
>> challenge 11,780 and in all probability breakout to 14,000 sucking
>the
>> public in again. Then within five months, it could fall to 7,268.
>> Every other day the Fed drags out one of their numbers to let us
>> know what little inflation we have and why interest rates do not
>need to
>> rise. Last Wednesday it was Fed Governor Broaddus, who got the
>duty. His
>> words of wisdom, which we call lies, is that"the Fed will not have
>to
>> raise rates as aggressively as it did in 1994 because in 1994 we
>had not
>> yet established the full credibility for our low inflation strategy
>that I
>> believe we have today." The governor lives in a world of unreality,
>if he
>> believes that and of course, he does not, he is lying. This is the
>> continued arrogance and contempt, in which these elitists hold us.
>They
>> believe we are stupid and that we will believe anything. The Fed
>knows
>> inflation is 9-1/2% but they feel it is their duty to lie about it.
>They
>> know after the election interest rates will rise 4%. The Fed is nine
>> months to a year behind the curve and that is deliberate.
>> The man that said,"God wants me to be President," George W. Bush,
>> was the pervert who gave the final approval to formulate our prison
>agenda
>> in Iraq. Systematic abuse, torture and rape are part of the neocons
>> formulation for power. If these pukes are reelected your daughters
>and
>> wives are next. This is Bush's latest mission accomplished. Next,
>we will
>> be told he speaks to God, as his Messianism knows no limits. We
>think of
>> this as we look at naked, abused, tortured and raped women who are
>now
>> pregnant by the beasts under orders from Mr. Bush. Every woman in
>prison
>> was raped hundreds of times. This needless war for profit has
>unleashed
>> the very foulest dregs of our society. What we have, as a result,
>is chaos
>> in tribal and religious dimensions. We are going to have to win Iraq
>> street-by-street and house-by-house and we will lose many of our
>loved
>> ones. That is why both Bush and the neocons and Democrats are
>working
>> behind the scenes to assure a majority vote for a new selective
>service
>> draft so your children and grandchildren cannot only die but be
>rape,
>> abuse and torture participants. We are not liberators; we are
>invaders and
>> occupiers. The war is costing $350 billion a year and 36% of the
>world's
>> military expenses. Yes, with much money and hundreds of thousands of
>> troops we are subjugating a people, and we get to pay for it as Mr.
>Bush's
>> cronies steal billions of dollars. Now there is panic in
>Washington. Iraq
>> could get worse and Mr. Bush could lose the election. We are told by
>> General Abizaed, that violence would increase after the 6/30/04
>handover
>> and that the Iraqis won't be ready to assume responsibility for
>security
>> until April 2005. Who will assume command of Iraq? It will not be
>

-->>>THE INTERNATIONAL FORECASTER
>>> MAY 2004 (#4) Vol. 8 No. 5-4
>>> This is from a newsletter of Bob Chapman. Conspiracy economist. Sees
>>transnational
>>> forces wanting to break the economic/military power of the US. His
>>> newsletter gives the details week by week for investors. Lots of
>>fear of
>>> course. I read it to get a view, a picture of what the world will
>>be like
>>> from where he sits. And to see HOW the bad guys may be doing it to
>>keep a
>>> step ahead. What do you think?
>>>
>>>
>>> US MARKETS
>>> As the Fed creates massive amounts of aggregates, the administration
>>> creates ever-larger deficits daily. There is no sign that either
>>the Fed
>>> or the Bush neocons are going to ease up anytime soon. Irrespective
>>of
>>> government statements, inflation is running at about 9.5%. Currently
>>> inflation is rising faster than interest rates and we expect that to
>>> continue as long as the Fed massively feeds the system and Mr. Bush
>>and
>>> Congress create newer and bigger deficits. This is similar to the
>>way it
>>> began in the late 1960s at the beginning of gold's last great run.
>>Today
>>> we have record budget and current account deficits that dwarf those
>>of
>>> that period. Congress and the administration have no inclination to
>>in any
>>> way cut spending and on top of that, we have perpetual war for
>>perpetual
>>> peace. The stock market will top out finally this fall as the
>>prolonged
>>> bear market rally is completed. If the Fed continues its madness as
>>it did
>>> in the 1970s then interest rates could again reach a Fed fund level
>>of
>>> 16.39%. We are currently at 1%. Today we have a nation that
>>although they
>>> won't admit it, lives in fear of its government. Where else today
>>can you
>>> say something misinterpreted by an employer at an airport and be
>>> prosecuted? Where else can you have your phone tapped for writing
>>the IF?
>>> Only in America. These are not universal values; these are the
>>trappings
>>> of a police state. If you put all the above together you come up
>>with a
>>> crisis and that is where we are headed.
>>> Exporting dollars is becoming a major American industry; $30 billion
>>> goes to Latin America every year and of that $14.5 billion goes to
>>Mexico.
>>> Fifty percent of those sending funds home make $20,000 or less a
>>year, but
>>> send home 10% of their income.
>>> The use of drugs to control attention deficit and hyperactivity
>>> problems in preschool children jumped 49% in the past three years.
>>All
>>> children on ADHD drugs increased by 23% in children under five. The
>>money
>>> being spent on ADHD is eclipsing spending on drugs for asthma and
>>> infections. At the same time, the use of antibiotics grew only
>>4.3%, while
>>> the use of antidepressants rose 21% and the use of medicines for
>>autism
>>> and other conduct disorders jumped 71%. The most eye-popping change
>>was a
>>> 369% increase in spending on ADHD drugs for children under five.
>>Their
>>> parents are too lazy to deal with normal child behavior. New drugs,
>>such
>>> as Strattera, Adderall and Concerta only require one dose in the
>>morning
>>> and the kids are like zombies all day. It is estimated that almost
>>10% of
>>> American children are being poisoned with these drugs just so
>>teachers
>>> won't have to bother to correct them. By the time they are 10-15
>>years old
>>> they are ready for suicide.
>>> The Secretary of Defense, Donald Rumsfeld's orders for the treatment
>>> and interrogation of Iraqi prisoners brings up questions about
>>treatment
>>> of prisoners in American correctional institutions. The 12 million
>>people
>>> who pass through these institutions each year are often subject to
>>violent
>>> attacks by other inmates, prisoner-on-prisoner rape is endemic, drug
>>> resistant strains of tuberculosis is rampant, as are drugs and the
>>> swapping of needles that leads to HIV infection and liver destroying
>>> hepatitis C. Psychiatric care for psychotic inmates is poor to
>>> nonexistent. Twenty-five percent of inmates are usually under
>>> administrative lockdown. Almost 50% in lockdown have tried to commit
>>> suicide. Our prison system is a disgrace to us as a civilized
>>people.
>>> A federal advisory committee says Congress should pass laws to
>>> protect the civil liberties of Americans when the government sifts
>>through
>>> computer records and data files for information about terrorists. A
>>better
>>> idea of course is to terminate Patriot Acts I & II. Currently
>>agencies are
>>> collecting and using personally identifiable information on persons
>>for
>>> national security and law enforcement purposes. The programs are
>>mirror
>>> images of the Pentagon program named, Total Information Awareness,
>>now
>>> euphemistically known as, Terrorism Information Awareness, which
>>makes
>>> each citizen a potential terrorist suspect. In data mining our
>>government
>>> has no intention of protecting individual privacy. The only
>>solution is to
>>> do away with Patriot Acts I & II. If we are going to have these
>>Acts then
>>> Congress must pass legislation protecting our rights and demand
>>court
>>> orders for data mining, search and seizure. What is happening is
>>that
>>> anyone who speaks or writes negatively about government is subject
>>to
>>> harassment and entrapment. We know because government has already
>>tried
>>> unsuccessfully to use it against us.
>>> In our latest insanity, the US Postal Service is honoring EID Muslim
>>> holiday season with a commemorative first-class holiday postage
>>stamp. The
>>> stamp should be boycotted.
>>> Get ready for the administration to blame the cost of energy for the
>>> fading of the recovery. The Fed and the Bush neocons were too early
>>in
>>> their timing. They have nothing for an encore except not raising
>>interest
>>> rates and the Fed pumping $2 to $3 trillion into the economy,
>>> The Bush neocons are well on their way to dismantling the anti-trust
>>> laws in our country. Mergers and acquisitions abound as the
>>consolidation
>>> of companies continues leading to more and more concentration. Any
>>strong
>>> company is fair game for internationalist corporatist interests. The
>>> profitable assets are removed, the carcass sold off and its
>>employees left
>>> without jobs. Retirement funds and benefits are cut or lost, as is
>>present
>>> and future healthcare. The mergers in telecommunications and the
>>media are
>>> affected to kill the chance of any real news being reported.
>>Halliburton,
>>> Bechtel and the Carlyle Group are running our country. There is no
>>> integrity left in journalism and anyone who reports the truth is
>>hounded
>>> into silence. Today America is a scary place and we don't see any
>>> improvement anytime soon.
>>> The Bush neocons, in a major policy reversal, signaled its readiness
>>> to accept Islamic theocracy in Iraq. Colin Powell said,"We will
>>have to
>>> accept any free and fairly elected government." We believe this is
>>to
>>> insure that a new Iraqi administration will be set up by June 30 as
>>a
>>> sovereign government supported by a new UN resolution, which will
>>speed up
>>> the neocons exit strategy.
>>> Our purchased Congress has again thwarted the will of the American
>>> people. It has summarily dismissed Eliot Spitzer's exposures and
>>more than
>>> a dozen Congressional hearings on five bills that should have
>>reformed the
>>> worst mutual fund scandals in sixty years. Congress has again
>>ignored all
>>> the evidence and accepted the payoffs from the fund and brokerage
>>> industries, leaving 95 million investors in the hands of these
>>greedy
>>> crooks. These are the same investment professionals who lost 43% of
>>> investors' assets between 2000 and 2002, while they raised their
>>> compensation 25%. Incidentally, for new readers we got all of our
>>> subscribers out of the market in April 2000. Congress' lack of
>>action
>>> allows these crooks who control massive financial assets to continue
>>> skimming off the top. Lean on your representatives in Washington
>>and if
>>> they do not listen make sure they are not reelected.
>>> An investigation into one of the biggest corruption scandals in
>>> history is being hampered by the US-led administration in Iraq
>>according
>>> to our Congress and officials in Baghdad. The actual review of the
>>records
>>> has been delayed for weeks and documents are being altered or
>>destroyed.
>>> At least $11 billion has gone into the pockets of 270 people and
>>> organizations. The elitist, Mr. Bremer, pro-counsel of Iraq,
>>intervened
>>> in March, saying he would not release funds to pay KPMG, the
>>auditor,
>>> which had already made substantial progress in locating documents
>>in Iraq,
>>> unless the contract was put out to tender. This is interesting,
>>inasmuch
>>> as few contracts have been put out to tender in Iraq. All the
>>business
>>> went to neocon cronies and other financial contributors. KPMG was
>>finally
>>> appointed and will be paid about $6 million for the effort. Then
>>the CPA
>>> decided it would appoint its own auditors to investigate
>>allegations and
>>> Ernst and Young were set to work as well. Many in Congress are angry
>>> because it is obvious Bush and the neocons are trying to destroy
>>all the
>>> evidence. The IGC, with the help of KPMG, had already located
>>billions of
>>> dollars that came out of illicit oil-for-food profits in Middle
>>East bank
>>> accounts. Americans, because of this theft, more of your hard-
>>earned tax
>>> dollars had to be spent.
>>> Surprisingly Alan Greenspan is going to stay as Chairman of the
>>Fed, as he
>>> was re-nominated by George W. Bush.
>>> Forrester Research says it expects 1.6 million office jobs to have
>>> moved to India and other foreign countries by the year 2015. Office
>>and
>>> computer jobs will lead the march, costing 3.4 million more US jobs
>>and
>>> more than $151 billion in wages. 542,000 computer jobs are next on
>>the
>>> list, followed by 356,000 businesses and 259,000 management jobs.
>>Overall,
>>> about 6.4% of jobs in vulnerable categories will be outsourced in
>>the next
>>> 11 years. Are you listening America? Your jobs, your livelihood, the
>>> future of your children are being destroyed by the elitists to make
>>> America a second world country. Climb all over your members of
>>Congress.
>>> If you do not, your family will either starve to death or you will
>>be
>>> forced to fight in the streets.
>>> The BIS derivative survey reveals that, as of 12/03, the global
>>> derivatives market amounted to $234 trillion of notional contracts,
>>of
>>> which 75% or $175 trillion are interest related, and 80% or $142
>>trillion
>>> of these are on the OTC market. That is 2.7 times higher than when
>>LTCM
>>> blew up in 1998. This means the global economy produced $22 in
>>> interrelated risk transactions for every $1.00 of estimated growth
>>in its
>>> physical counterpart in 2003, which denotes a financial system
>>totally out
>>> of control. After reading this, if you do not think we are in
>>trouble
>>> there is something certainly wrong with your thinking process.
>>> The NASD reprimanded Morgan Stanley, Bear Stearns and Deutsche Bank
>>> and ordered them to collectively pay a fine of more than $15
>>million. They
>>> gave special clients shares of hot IPO's. For this the banks
>>accepted
>>> outrageous commissions. That is where all these hot IPO's went that
>>> couldn't get any of.
>>> As the current account deficit approaches $600 billion, the US needs
>>> to attract a net $2.7 billion of overseas capital every single day.
>>> Overall, debt stands at 163% of GDP. This is beyond imagination.
>>> They once put bookmakers in jail, as gambling was once considered a
>>> vice. Today it is a savior for many states that are rolling the
>>dice and
>>> hoping lotteries, slot machines, and casinos will create income,
>>jobs and
>>> healthier budgets. Hesitant to raise taxes, particularly in an
>>election
>>> year, 24 states have looked at gaming proposals this year to boost
>>> revenues and help pay for education, health care and other basic
>>> necessities that states provide. Today there is gambling in 23
>>states
>>> which have casinos owned by American Indian tribes. Gambling is
>>insidious
>>> and there is no question it draws crime. It is a tough trade-off but
>>> unfortunately people are going to gamble anyway, so the proceeds
>>going to
>>> good causes aren't all that bad.
>>> Apprehension continues to grow as it becomes very obvious that the
>>> Fed has to raise interest rates. They would have been raised by now
>>but
>>> this is an election year and the Fed is illegally doing all it can
>>to
>>> assure the reelection of George W. Bush and his neocons. Treasury
>>debt is
>>> spiraling upward and the Fed's creation of aggregates is exploding.
>>That
>>> has caused real market interest rates to rise 1-3/16% over the past
>>two
>>> months, which has caused large bond market losses. This has led to
>>capital
>>> repatriation by foreigners in anticipation of even higher rates.
>>Just as
>>> powerful has been the unwinding of the carry trade, which has
>>caused the
>>> dollar to strengthen in an unusual manner. Most professionals do
>>not as
>>> yet realize it but this is the beginning of the popping of the bond
>>bubble
>>> and the beginning of the re-decent of the dollar. As the carry trade
>>> unwinds and moves to cash, other bubbles will burst in real estate
>>and in
>>> the stock market, both of which will not occur in a visible way
>>until
>>> after the election. The carry trade is when you borrow money at 1%
>>and buy
>>> Treasuries at 4%. If interest rates are moving higher, you are
>>taking
>>> capital losses in the underlying bonds, which neutralize your gains
>>or
>>> cause you losses. The exit from the carry trade is in anticipation
>>of
>>> higher interest rates. The bubbles will break so fast after the
>>election
>>> that peoples' heads will be spinning. They just will not believe
>>what is
>>> happening to them as Societe General, the Paris banks says,"We see
>>a
>>> confluence of ominous events. A slowdown in US economic demand may
>>be
>>> unavoidable - cooling Chinese demand - under weighting global
>>> manufacturing demand." Just add in higher interest rates and you
>>have the
>>> beginning of a horror story.
>>> Yes, there is a mountain of debt and yes, a credit bust is going to
>>> happen in the US, but not until the election is over. The Fed has
>>the
>>> power to temporarily delay the events, particularly in the stock
>>market by
>>> increasing funds available via the repo market. The tidal wave of
>>credit
>>> to US households, particularly in mortgages, home equity loans and
>>credit
>>> cards will not go onerously up in cost until later this year. As the
>>> credit flow contracts due to higher costs, borrowers will pay down
>>debt,
>>> or go bankrupt. That will slow the economy forcing house prices
>>down,
>>> creating a loss of equity and ending the wealth affect. The ultimate
>>> result will be a depression worse than the 1930's. We would be
>>surprised
>>> if the Fed raises rates on June 29-30. We expect them to rise in
>>August.
>>> From 1993 to 1995 rates doubled but the debt situation was 20% of
>>what it
>>> is today. For starters, we expect a move up in interest rates in
>>2004-2005
>>> from 3.65% on the 10-year Treasury note to 7-1/2%. If the Fed
>>continues
>>> its aggregate creation at current levels, which they say they will
>>and
>>> then some, then we can expect much higher rates as inflation soars
>>past
>>> 12%. Remember that in 2000, a 1.75% increase in rates brought the
>>market
>>> down 43% and NASDAQ down 70%. Can you imagine what a four-point
>>increase
>>> will do? The indications of excesses in prices are everywhere even
>>though
>>> our government lies about it. Looking at the value of residential
>>real
>>> estate as a percentage of personal income shows the ratio to be
>>182%,
>>> which is over 20% higher than its last peak in the late 1980's.
>>Mortgages
>>> are about to rise back up to historical levels. The 20-year average
>>has
>>> been 8.6% and we predict 8-1/2% by the end of 2005 and even higher
>>rates
>>> after that if the Fed continues to pump over a trillion a year into
>>the
>>> economy. However, home equity is now 55% versus the 20-year average
>>of
>>> 61%. Service of this debt is at a much higher level than in years
>>past.
>>> Plus, today some 30% of mortgages are ARMS, which have adjustable
>>rates,
>>> and 45% of mortgages are sub-par. Loans that should never have been
>>made
>>> to begin with. It should be noted that mortgage related assets now
>>account
>>> for 59% of banks' earning assets, up from 30% in the mid-eighties.
>>That
>>> means bank earnings will plunge next year. Even with zero percent
>>> financing, automakers see declining sales. A four-point rise in
>>interest
>>> rates will force the end of zero financing and auto and truck sales
>>will
>>> plunge. Avoid these manufacturers at all costs. In the fall, short
>>them
>>> because they will get crushed. Some will not make it. Alan
>>Greenspan has
>>> done the unforgivable and we will get to pay for his actions in
>>behalf of
>>> his elitist masters.
>>> The average computer programmer in India earns roughly $10.00 an
>>> hour, compared to more than $60.00 per hour for the average American
>>> computer programmer. Keep up off shoring corporate America and you
>>soon
>>> will not have anyone in the US to sell to.
>>> Almost two-thirds of 1.6 million civilian full-time employees of our
>>> government received merit bonuses or special time-off awards in
>>fiscal
>>> 2002. They ranged from less than $100 to over $25,000. 2,900
>>received
>>> bonuses of more than $10,000 each. Civil service specialist said the
>>> proliferation of bonuses reinforces a common belief that many
>>federal
>>> workers are rewarded for little more than showing up. We call this
>>buying
>>> votes. The National Science Foundation, DOC and CSA gave bonuses to
>>more
>>> than 90% of their workers.
>>> American Express is under investigation for fraud by not disclosing
>>> certain revenue sharing arrangements with mutual fund clients.
>>> Federal and state prosecutors are investigating Charles Schwab for
>>> fraud and market timing and late trading of mutual funds.
>>> The California Senate approved legislation by a 36-2 vote and sent
>>> it to the assembly to warn consumers when spyware was added to their
>>> computers when they buy software. These programs track what web
>>sites you
>>> visit, may steal your passwords, access your financial information,
>>log
>>> your keystrokes, bombard you with pop-ups, track your purchases and
>>> remotely report your activity and personal information to a third
>>party,
>>> which includes our government. Maybe this will get our purchased
>>Congress
>>> to act.
>>> Saudi Arabia, a subject nation of the US and UK, has pushed for
>>> higher oil production as a result of pressure from governments and
>>> international elitist corporations. As Hugo Chavez, Venezuela's
>>president
>>> has said,"In my opinion it would be a very bad message for OPEC to
>>give
>>> into pressures and then increase production. No, OPEC should say to
>>the
>>> big consumers, let's sit down at the table and let us talk about the
>>> causes in the increase in prices." Of course, the major users have
>>no
>>> intention of doing that.
>>> The MBA says weekly mortgage activity for the week ended 5/14/04
>>> fell 11.9% to 654.1 from 742.2 the previous week; 30-year fixed
>>mortgage
>>> rates fell 11 basis points to 6.21% and they are still up 104 BP
>>from last
>>> year. The MBA purchase index, a gauge of new loan requests for home
>>> purchases, fell by 8.1% to 454.2 after hitting its second highest
>>level at
>>> 494.3 the previous week. The high was 501.6 on 1/16/04. The
>>refinancing
>>> index fell by 16.8% to 1,816.9 from the previous week's 2,184.6, the
>>> lowest since January when it was 1,755.4.
>>> The aggregate number of jobs sent overseas to-date will pass 500,000
>>> this year and reach one million by 2006. Most are being farmed out
>>by
>>> Fortune 1,000 companies contrary to public belief. US transnational
>>just
>>> do not want the public to get the facts on how they are destroying
>>> America. In just the next 1-1/2 years management will lose 42,000
>>jobs;
>>> business 120,000; computing 203,000; architecture 54,000; life
>>sciences
>>> 5,500; legal 23,000; sales 47,000 and office 475,000 for a total of
>>> 963,500 jobs and that is only with Fortune 1,000 companies. The
>>economic
>>> destruction of America goes on unabated.
>>> Tuition at 15 well-regarded colleges is about to rise again next
>>> fall far above the so-called inflation rate. Stanford will increase
>>4.5%
>>> to 11.1% for out-of-state students at the University of Washington.
>>The
>>> average is 5.5%. This is a reflection of higher medical costs,
>>salaries,
>>> student aid, and prestige - the more expensive the better it is. In
>>2003,
>>> 50% of all undergraduates received some grant aid that never needs
>>to be
>>> repaid. Sixty percent receive some sort of financial aid. In 31
>>elite
>>> schools the total cost including room, board and other expenses
>>averaged
>>> $37,940; 49% of students received need-based grant money. The
>>average
>>> award was $18,161. More disturbing from our point of view is that
>>40% of
>>> those in college do not qualify or belong there.
>>> Eight Cape Cod, MA companies sued the US government and a state
>>> labor agency in an effort to increase the number of visas granted
>>for
>>> temporary foreign workers to more than 100,000 this year from
>>66,000 in
>>> 2003. The claim is government unfairly prevented businesses from
>>obtaining
>>> the visas they need to increase their staffs during the spring and
>>summer
>>> season. Business is crying because they cannot get slave labor to
>>increase
>>> their profits. These foreign workers suppress the wages of all
>>American
>>> workers. Business should increase wages and they will have no
>>trouble
>>> getting domestic workers.
>>> Consumer prices rose in the first four months of the year at a 4.4%
>>> annual rate, compared with a 3% gain last year. Core prices that
>>exclude
>>> food and energy increased 3% versus 0.9% in 2003. As a result five
>>and
>>> ten-year US Treasuries have produced a loss of 5.6% over the last
>>seven
>>> weeks. The difference in yield between the current 10-year note and
>>the
>>> 10-year TIPS, has widened to 2.74%, the biggest gap since the US
>>started
>>> selling TIPS in 1997. The low gap was 2.15% on 1/15/03. The five-
>>year
>>> average is 1.89%. The Fed's overnight bank lending rate is the
>>lowest
>>> since July 1958. Much more inflation is on the way.
>>> From a top administration official:"We assume an attack will happen
>>> leading up to the election and it will happen in Washington. An
>>attack in
>>> Washington and in other major cities." This confirms our very
>>> controversial prediction and position of several months ago that if
>>Bush
>>> looks as if he may lose the election, we will have terrorist
>>attacks.
>>> The diversions have been in place to mislead the public - drawing
>>> them away from the real problem, the US and world economies. That
>>is what
>>> 9/11; Afghanistan and Iraq are really all about. Now that finance
>>and
>>> economics are interconnected, country-to-country, the financial
>>chaos can
>>> be shared with the rest of the world. Shortly official US interest
>>rates
>>> will rise and the collapse gets underway. Commodities, gold, silver
>>and
>>> bonds have had steep corrections as of late. Interest rates on the
>>10-year
>>> Treasury note are up over 30%. Consequently, all debt paper
>>interest rates
>>> have risen as much if not more. Were it not for the manipulation of
>>the
>>> stock market it would most certainly be lower, but we are now
>>experiencing
>>> the power of corporatist fascist government. This market power will
>>weaken
>>> later this year. Rates will rise; bonds, the market and real estate
>>will
>>> fall. Of course, gold and silver will rise.
>>> The Supreme Court will rule in June on whether to allow Mexican
>>> trucks full access to American highways by overturning a ruling
>>from the
>>> 9th Circuit Court of Appeals in California. This was supposed to be
>>> accomplished nine years ago. Yes, many Mexican trucks are unsafe
>>and carry
>>> drugs and yes, some need pollution equipment upgraded. The real
>>reason is
>>> trucking competition with US carriers. Many of the trucks on the
>>border
>>> with the US from Mexico are very dirty, but so are US freight hauler
>>> vehicles. The result is major border contamination. The drugs of the
>>> Mexican trucking fleet crossing the border have higher inspection
>>failure
>>> rates, 37%, then US trucks, 24%. Otay Mesa, near San Diego, which
>>we have
>>> used hundreds of times, is a major entry point for Mexican trucks
>>into
>>> California. With a state-of-the-art border inspection station, the
>>failure
>>> rate for Mexican trucks was 22%, slightly better than the 24% for US
>>> trucks. Safety, jobs, money and US unions are really the issue. US
>>> regulatory rules and regulations are a pretext to protect American
>>> interests. We signed the treaty and now we do not want to live up
>>to it
>>> after we virtually destroyed Mexican agriculture. NAFTA has been a
>>failure
>>> and should be ended.
>>> It looks like Alan Greenspan has decided to try to be the
>>> longest-serving Chairman of the Fed. Bubbles, as he is known among
>>his
>>> elitist friends, will surely be the most famous bureaucrat since
>>Pontius
>>> Pilate, who also loyally served another fascist government,
>>Imperial Rome.
>>> If Sir Alan lives, he will go down in history as the man who
>>destroyed not
>>> only the US, but also the world economy. The appointment also means
>>that
>>> interest rates will be raised in August at the earliest and maybe
>>not
>>> until after the election. As we told you before, cover your shorts
>>the
>>> elitist with the help of Sir Alan will attempt to take the Dow to
>>14,000.
>>> Under the cover of that move the conspiracy could care less if gold
>>goes
>>> over $500. That is the way it is going to be, because all our
>>markets are
>>> rigged.
>>> Last week Freddie Macs 30-year fixed loans were 6.30%, down from
>>> 6.34% the previous week. Arms rose to 3.99% from 3.9%. Refinancing
>>was off
>>> 17% and applications for home purchase loans dropped 8%. The
>>application
>>> index is down 56% from a year ago. Refinancing has fallen to 37.4%
>>of
>>> total applications, up from 34.8% a week ago.
>>> If ratified by the US Senate, the proposed new extradition treaty
>>> between the US and Britain will strip Americans of the protection
>>of the
>>> US Constitution and the Bill of Rights and rob them of their
>>liberties.
>>> The treaty would be retroactive in application and will also
>>eliminate any
>>> statute of limitations. The treaty supposedly deals with combating
>>> terrorism, organized crime, money laundering. Buried deep inside is
>>> language that would strip Americans of all their rights. Some of the
>>> language includes, such items and assets may be surrendered even if
>>the
>>> extradition cannot be carried out due to death. They can extradite
>>if the
>>> request is for political reasons and even if no federal law has been
>>> violated. You can be provisionally arrested and detained for 60
>>days upon
>>> request by the UK. Those requested by the UK for extradition would
>>get no
>>> judicial review. Our President would make the final decision.
>>Although no
>>> crime has been committed and no charges bought, the assets of the
>>> so-called offender could be seized at the direction of the British
>>for
>>> their benefit. How's that for a fascist police state? Two-thirds of
>>the
>>> Senate must ratify the treaty. It does not go to the House; it goes
>>> directly to the President. It is suspected that the real target of
>>the
>>> treaty is the Irish-American community. Anyone, under the treaty
>>who is
>>> critical of Britain, or the Royal Family, as we are all the time,
>>could be
>>> extradited and or prosecuted. The British make the request one day
>>and you
>>> are on the plane to London the following day. You would be picked
>>up by
>>> British security forces and be designated for torture similar to
>>that used
>>> in Iraq. This subverts and destroys the meaning of the American
>>> Revolution.
>>> Never before in monetary and fiscal history has a government been
>>> more irresponsible with its citizen's money and never before has the
>>> Federal Reserve done more to undermine our standard of living and
>>steal
>>> our wealth via inflation, and lie about it. This increased
>>government and
>>> private action in the economy is known as corporatist fascism. It is
>>> manipulation of all markets as tools of economic warfare against
>>American
>>> citizens. We now need some $1.8 to $2 billion dollars a day to be
>>loaned
>>> to us by foreigners, mostly foreign central banks. Globalization has
>>> brought us cheaper prices for goods, particularly from China, but
>>this is
>>> a cover for the outsourcing of industries and jobs from every
>>sector of
>>> the American economy, that can only end up in the entire
>>destruction of
>>> the economy. The entire structure of America is being changed to
>>turn it
>>> into a second world country. Cheap prices and excessive credit
>>expansion
>>> has not and will not create new investment and permanent wealth. The
>>> created capital is going into financial assets that contribute very
>>little
>>> to American growth. This monetary policy will next create wage
>>inflation,
>>> which in turn will accelerate inflation, which is already 9.5%, not
>>the
>>> 3.5% the Fed would have us believe. As prices move higher, wages
>>have to
>>> move higher. If for some reason they do not move higher, then
>>inflation
>>> would reverse and we would have deflation. Sir Greenspan cannot
>>have that,
>>> so look for large wage increases over the coming months. England,
>>which
>>> usually mirrors what will happen to us by six months to a year,
>>just saw
>>> wages increase 5.4%. Be patient those higher wages are on the way to
>>> further feed inflation. Watch the UK economy. That is one of the
>>reasons
>>> we report on it. As soon as the increase in wages ends, then
>>reflation
>>> will end. In England, that is six months to a year away. In the US,
>>it is
>>> a year to two years away. Simultaneously interest rates will rise,
>>putting
>>> downward pressure on those artificially puffed-up financial assets.
>>Thus,
>>> next year you will have rising inflation and falling prices, truly
>>the
>>> worst of all worlds, because inflation will soar. In 2005 and 2006,
>>> finally Sir Alan Greenspan will watch the trap close. There will be
>>no
>>> monetary escape and deflation will begin in a way not seen for
>>centuries.
>>> At that point, the Fed would monetize debt by buying, as the buyer
>>of last
>>> resort, massive amounts of US Treasury paper. Once the Fed has
>>exhausted
>>> itself, then default would come and the world would enter a period
>>of
>>> monetary darkness and the world financial system will collapse.
>>> In order to find an easy way to fire employees, companies are
>>> checking personal e-mail accounts to see if employees are accessing
>>them
>>> during work hours. If they are they are gone.
>>> Due to offshoring and lower vehicle sales, major auto manufacturers
>>> are forcing contract houses to take a near 50% cut in billing rates
>>or
>>> lose the business. New year will be a disastrous year for auto
>>producers.
>>> No matter what happens in Iraq, the Bush neocon cabal in Washington
>>> will not let go of control of Iraq oil revenues. A condition for a
>>> sovereign Iraq government is US and UK control of those revenues.
>>Those
>>> revenues will exceed $16 billion this year and UN Security
>>Resolution 1483
>>> passed last year, gives the US total control of the money from oil
>>sales,
>>> which is the only source of income for the country. The money goes
>>into
>>> the Development Fund for Iraq, which is currently run by US pro-
>>council
>>> Paul Bremer's CPA, Coalition Provisional Authority. All but one
>>member are
>>> foreigners. The elitists will loot this fund of billions of dollars
>>for
>>> years to come. Even the oil-for-food racket, where it has been
>>exposed
>>> that billions have been stolen, is still in operation and the
>>looting is
>>> still going on. The $1.8 billion taken from the fallen dictator
>>Hussein
>>> now resides in the Federal Reserve Bank in NYC, ostensibly to be
>>looted by
>>> the elitists. All these funds are earmarked for the Iraqi people,
>>but we
>>> can promise you a good part of them will be stolen. The total of
>>funds on
>>> deposit now is about $7.3 billion and no one knows where any of the
>>funds
>>> are going because it is a secret, like so many things in our fascist
>>> government. We could guess a major portion of the funds are being
>>> disbursed to CFR elitists companies, such as Halliburton, Bechtel
>>and
>>> other"contract mercenary companies", part of which will flow to
>>the men
>>> running the show. What is worse is Congress knows exactly what is
>>going on
>>> and does nothing to stop it. That may in part be because the CPA
>>has been
>>> exempted from any investigation by the Government Accounting Office
>>or any
>>> requirement to appoint an inspector general, as mandated for all
>>> government agencies by law. In Iraq, American personal have been
>>stealing,
>>> taking bribes and using extortion on the Iraqi people as well as
>>torturing
>>> them. Some of our military, mercenaries, bureaucrats and elitists
>>are
>>> undoing in a few short years the good will and fair-handedness
>>America had
>>> built up over the past 225 years. We have become another scummy
>>nation.
>>> The Bush neocons ordered inactive reservists to report for active
>>> duty again and the resistance was so great they rescinded the
>>order. What
>>> the Pentagon is doing is screening inactive reservists for possible
>>> call-up. They could be called up involuntarily for as long as 4
>>years. As
>>> a result, soldiers are joining guard and reserve units to avoid
>>call-ups.
>>> Of course, Congress knew nothing of the plan, because the imperial
>>White
>>> House operates in secrecy. The screening process is almost complete
>>and
>>> 22,000 medics, truck drivers, and heavy equipment operators have
>>been
>>> identified for call-up. Commitments by the White House for on-going
>>> conflict has put tremendous pressure on the Army and to some extent
>>the
>>> Marines and have stressed them out completely. The inactive
>>military are
>>> being told by recruiters that they should join the guard rather
>>than be
>>> sent overseas if re-inducted. Young people are being told that very
>>bad
>>> things would happen if they did not join the guard. We have news
>>for all
>>> of them. As long as George W. Bush and the neocons run Washington
>>we will
>>> have war, they will be deployed into the Middle East and their will
>>be a
>>> draft for both girls and boys.
>>> Yes, we were right again and we are not going to gloat over someone
>>> else's misfortune even if they are evil. The Lord takes care of
>>> retribution for us. A Delaware judge ordered disgraced elitist
>>newspaper
>>> baron Lord Conrad Black and the holding company he controls to pay
>>back
>>> $30 million. We beg forgiveness for being off by $2 million. A
>>recently
>>> amended lawsuit is being filed by Hollinger International, which
>>accuses
>>> Black and other former executives of violating Rico statues, and is
>>> seeking to recover $1.25 billion. How could we have missed that? It
>>just
>>> goes to show you, we are not perfect. I hope that in the end Lord
>>Black
>>> and his ilk will be put permanently out of commission in the
>>business
>>> world. Now we need to catch more of these white-color thugs.
>>> There are few tax breaks for America's poor. Those making under
>>> $40,000 a year. Yet, Congress is considering a bill to provide tax
>>breaks
>>> for families earning as much as $309,000 a year. It is part of the
>>House
>>> tax-cutting spree that could add $500 billion to the deficit over
>>the next
>>> ten years. The House would not only make permanent the $1,000 per-
>>child
>>> tax credit enacted as part of the 2001 tax cut, but would
>>dramatically
>>> increase the income limits for eligibility; currently, married
>>couples
>>> with incomes of up to $110,000 receive full credit. The bill would
>>> increase that to $250,000. Families with two children would go to
>>$289,000
>>> and with three children $309,000. This is unnecessary, misguided and
>>> irresponsible by Congress, which is emulating Mr. Bush who gets
>>away with
>>> everything. The Republicans propose these insane measures and the
>>> Democrats act as if they were frozen in the headlights in the dead
>>of
>>> night. For families earning less than $10,750 the House will give
>>nothing.
>>> A two-child family making $150,000 to $250,000 get a $22,000 extra
>>tax
>>> break. Someone has to show us how that is fair.
>>> It won't be long before higher gasoline prices change people's
>>> driving habits. Due to environmental considerations, refining
>>capacity has
>>> fallen 50% over the past twenty years. The forces in Iraq are
>>eating US
>>> gasoline at an astounding rate while our government buys large
>>quantities
>>> of oil to fill the strategic reserve.
>>> Word reaches us that the Oil-for-Food Program in Iraq has been
>>> looted for years. Congress was hoodwinked and the Bush neocons,
>>elitists
>>> all, refuse to expose it for fear it would destroy the UN. The
>>embezzled
>>> figure is now over $10 billion. What was used was tainted food and
>>> outdated medicines. The report on the larceny and kickbacks is
>>phenomenal.
>>> The major players were Kofi Annan and his son Kajo and Benon Sevan,
>>> Executive Director of the program.
>>> It has been revealed that Matrix, a database contractor, gave US and
>>> Florida authorities the names of 120,000 people who showed
>>statistical
>>> likelihood of being terrorists, sparking some investigations and
>>arrests.
>>> Seisint has been appointed sale contractor on the federally funded
>>$12
>>> million project. Matrix is, Multistate Anti-Terrorism Information
>>> Exchange, which combines state records and data culled by Seisint
>>to give
>>> investigators fast access to information on crime and terrorism
>>suspects.
>>> It casts a wide net that includes just about everyone, violating
>>their
>>> Civil Rights. A number of states in the program have withdrawn for
>>this
>>> reason. Matrix has four billion records. Law enforcement says the
>>system
>>> has been scrapped, but because of the perpetual lying, that comes
>>out of
>>> government, we wonder if in fact it has been dumped.
>>> Key legal decisions made in the aftermath of 9/11, included a
>>> declaration not to grant any al Qaeda and Taliban fighters prisoner
>>of war
>>> status under the Geneva Convention and this laid the groundwork for
>>the
>>> interrogation abuses that have recently been revealed in the Abu
>>Ghraib
>>> prison in Iraq. Internal memos from the White House show that
>>> administration lawyers were privately concerned that they could be
>>tried
>>> for war crimes themselves based on the actions the administration
>>was
>>> taking, and might have to take in the future to combat the terrorist
>>> threat. We believe that there is a good chance of war crimes trials
>>if the
>>> administration pulls another terrorist event, and declares Martial
>>Law.
>>> The Executive and Congress cannot get away with dictatorial
>>government in
>>> America. There are 450 million guns in the country and government
>>would
>>> force endless insurgent warfare for years, just as we now are
>>witnessing
>>> in Iraq. Eventually a dictatorial government would fall and all the
>>people
>>> you now see running the wars would be executed.
>>> As former military, we know that allowing patterns of abuse and
>>> torture to metastasize in any army annihilates its morale and
>>> effectiveness. Most people are decent human beings and engaging in
>>such
>>> activities destroys the morality of what they are directed to do.
>>These
>>> men, like us, hold abusers and torturers in contempt. What is going
>>on is
>>> in direct conflict with the engrained standards and traditions of
>>the US
>>> Army. It starkly shows what monsters George W. Bush and his neocons
>>really
>>> are. They have allowed a descent into barbarism. All decent people
>>recoil
>>> in disgust in such a method of conducting warfare. In and of itself
>>> warfare is a horrible experience, abuse and torture just magnifies
>>> everyone's suffering.
>>> Convicted criminal and number one Bush neocon-man in Iraq, Ahmad
>>> Chalabi, has lost his elitist funding, Chalabi's Iraq National
>>Congress
>>> has lost its $340,000 a month funding from our tax dollars. We also
>>know
>>> that the CIA had been secretly funding Mr. Chalabi, even though his
>>group
>>> never supplied anything of value. Every intelligence report the INC
>>> produced was worthless.
>>> The House and Senate have agreed on a $2.4 trillion 2005 budget
>>> plan, which may well not pass in the Senate, because of the one-year
>>> extension of tax cuts. Even if passed in 2006, pay-as-you-go-rules
>>would
>>> be reimposed. If not passed, taxes would rise. Simultaneously a
>>request
>>> for a $25 billion war slush fund is being debated. The proposed
>>budget
>>> plan if passed would cost $689.9 billion and would mean, as we
>>predicted,
>>> that the current $7.38 trillion limit would be reached in
>>September. We
>>> expect before the election that Congress will have to increase the
>>debt
>>> limit to $8.5 to $9.0 trillion. There is absolutely no fiscal
>>control left
>>> in Washington. It is a government gone mad.
>>> America certainly loves living beyond its means, but late this year
>>> that Cinderella existence will come to an end. The free lunch will
>>soon be
>>> over. All illusions eventually end.
>>> Stock analysts, regardless of experience, will be tested by next
>>> April. How can you test a person who has been analyzing for 20 to
>>45 years
>>> and tell him he is out of a job because he did not pass a test.
>>Series 86,
>>> tests basic tools of the trade and Series 87 focus on regulations
>>and
>>> conflicts-of-interest disclosure. This is truly ridiculous.
>>> It has now been reported the Bush neocons man in Iraq, Ahmed
>>Chalabi is
>>> suspected of spying for Iran on US troop positions and of
>>kidnapping a
>>> prominent physician from his home. Every time we see media coverage
>>on
>>> Chalabi, they always fail to mention he is a convicted bank
>>embezzler. For
>>> months there have been complaints of INC members impersonating
>>police
>>> officers, breaking into homes and carrying out robberies. Four INC
>>> officials have been arrested on robbery charges.
>>> Some time before September, you might consider going long the
>>> Australian dollar versus the US dollar. The December 74-cent
>>Australian
>>> dollar calls (ADZ4C740) can be purchased for $750 or lower. If
>>filled,
>>> your risk is $750 and your potential profit at 7950 is $4,750. This
>>is a
>>> VERY dangerous trade, but for those who understand the risks it
>>could be a
>>> good one.
>>> In the new world order, biochips will be the order of the day. Put
>>> beneath your skin they cannot be stolen. They can access ATM's, pay
>>bills,
>>> sign contracts, verify your identity and locate your lost or
>>kidnapped
>>> children. Satellites can locate you anywhere in the world. If you
>>say
>>> anything critical of the government your chip won't function and
>>you and
>>> your family will go bankrupt and starve to death.
>>> Even if the Fed raises interest rates they still are responsible for
>>> a continuing expansion of aggregates, directly and indirectly, of
>>over $1
>>> trillion a year. Inflation is 9.5% and is guaranteed to be 12% plus
>>by the
>>> election. From 1973 to 1981, the Fed raised rates, but it was too
>>late,
>>> like it is too late now, too much money was in the system and this
>>time it
>>> is still pouring in. In the meantime, the fiat un-backed dollar is
>>being
>>> destroyed. Even though the dollar and the stock market has rallied
>>in six
>>> months they will be headed down again. That brings us to the
>>antithesis of
>>> the fiat dollar, the only real money in the world, gold. The US
>>stock
>>> market is valued at $13 trillion, the bond market at $22 trillion
>>and the
>>> world markets at about $100 trillion. The value of all the gold
>>shares in
>>> the world is $200 billion, which is smaller than a number of
>>separate US
>>> companies, such as GE. That means there is a lot of money in
>>investments
>>> that could easily go into gold shares. Higher interest rates won't
>>help
>>> unless they are exceedingly higher, and inflation at current or
>>higher
>>> levels will last a minimum of 1 1/2 years.
>>> The Defense Department, Mr. Donald Rumsfeld, has proposed using US
>>> Internal Revenue Service data to trace down reservists with which
>>they
>>> have lost contact. Our President, of course, is anxious to approve
>>the
>>> amendment to the tax code to legalize the practice. Troops are
>>obligated
>>> to keep the military informed with update contact information, but
>>34% of
>>> former soldiers cannot be tracked.
>>> Arizona has 67,000 gun owners legally carrying concealed weapons.
>>> Typically they are white middle-aged, 20% are female and 52 pistol-
>>packing
>>> women are over 80. In Maricopa County one of every 56 people are
>>packing.
>>> One in every 82 Arizonans can legally carry a concealed weapon, 99%
>>of
>>> permit holders are white, including Hispanics, 13,500 women have
>>permits,
>>> and 25% of holders are 50-59 years old. An armed citizenry is a free
>>> citizenry.
>>> Mr. Bush and his neocons have violated two federal laws through part
>>> of its publicity campaign to promote changes in Medicare intended
>>to help
>>> older Americans afford prescription drugs. Federal money was spent
>>> covertly to produce propaganda videos about Medicare charges that
>>were
>>> made to look like reports. The device was designed to provide less
>>help to
>>> Medicare patients and help pharmaceutical and managed-care
>>companies. This
>>> is another example of misrepresentation, deceit and more violations
>>of the
>>> law.
>>> Junk bond funds saw an outflow of almost $1 billion last week,
>>> following $2 billion the previous week. GM and Ford were among this
>>> months' worst performers; GM dropped 7.4% in May, the worst return
>>of
>>> 3,749 bonds.
>>> M3 added $3.2 billion. Year-to-date, 19 weeks, broad money is up
>>> $353.1 billion or 11% annualized.
>>> ABS issuance was strong, $16 billion with year-to-date issuance of
>>> $216 billion, running 28% ahead of comparable 2003. Home equity ABS
>>> issuance is running up 72% from a year ago to $122 billion.
>>> Total credit expanded $4.0 billion to $6.52 trillion as of 5/12/04.
>>> Bank credit is up $274 billion during the 19 weeks of the year, or
>>12%
>>> annualized. Real estate loans were up $163.0 billion, or 20.1%
>>annualized.
>>> Commercial paper jumped $10.8 billion to $1.346 trillion, the
>>highest
>>> level since early last August. YTD commercial paper is up $77.9
>>billion or
>>> 15.9% annualized.
>>> Fed foreign custody holdings of Treasury and agency debt rose $7.0
>>> billion to $1.20 trillion. YTD Custody Holdings are up $133.0
>>billion, or
>>> 32.4% annualized.
>>> Well, the Bush girls are graduating from college, Barbara from Yale
>>> and Jenna from the University of Texas at Austin. Barbara has a
>>degree in
>>> humanities and Jenna in English. Except for one incident, the 22-
>>year-old
>>> sisters have stayed out of the limelight. Barbara lived on the same
>>> residential college, Davenport College, as her father. Yale divides
>>each
>>> class among 12 residential colleges, each with its own dorms, dining
>>> halls, sports activities and coats of arms. Davenport's coat is
>>three
>>> crosses and a chevron in black on a white shield. Like their
>>mother, the
>>> twins joined the Kappa Alpha Theta Sorority. Barbara being most
>>like her
>>> father was one of the 13 anointed to be accepted into the Satanic
>>Skull &
>>> bones Order of the Illuminati. This secret society for Yale seniors
>>> previously has had as members, Barbara's great-grandfather,
>>grandfather
>>> and father. Both children plan to get jobs via their father's
>>friends with
>>> Council on Foreign relations and attend graduate school. Barbara
>>has a
>>> summer job at a fashion house and Jenna at a public relations firm.
>>They
>>> are both prime for our new selective service draft scheduled to be
>>> implemented next year. It will be interesting to see if they will be
>>> drafted and join our boys and girls in the Middle East.
>>> Forecasting the financial and economic future is not going to be
>>> simple. Changes take place at the speed of light and if you cannot
>>figure
>>> out what the enemy is going to do before he does it, you are going
>>to be
>>> wrong and a loser. This is the art of psycopolitcal warfare,
>>psywar, if
>>> you may. We will have to get inside the elitist heads so we can
>>make the
>>> right moves and few people are equipped to do this. This is why we
>>have
>>> worked long beyond retirement to bring you the benefit of our
>>knowledge
>>> and hopefully we will continue to be correct. Make no mistake a
>>crash
>>> landing is guaranteed for America in finance, economics and
>>socially and
>>> politically. There is no way out. Global central banks are madly
>>inflating
>>> trying to stave off deflation and depression and they are
>>guaranteed to
>>> fail. We are sure because history tells us so. Every time a nation
>>has
>>> tried to inflate their way out of deflation, they have lost and so
>>will
>>> Sir Alan Greenspan. Sir Alan has been successful over the past
>>couple of
>>> years in exporting his credit bubble worldwide. Unfortunately,
>>today most
>>> economists worldwide have very little experience or have studied the
>>> history of credit booms and that is because"it could never happen
>>here
>>> again." CPI, PPI, GDP unemployment etc. are the figment of some
>>> bureaucrat's imagination in Washington. It has gotten so that our
>>> government never tells us the truth. These economists, whose claim
>>to fame
>>> is that they are correct-one-third of the time, don't have a clue
>>to what
>>> is really going on. Nothing happens by chance, there are no
>>coincidences,
>>> and all markets are rigged. Free trade and globalization didn't just
>>> happen. They were planned to take place. They were planned to
>>destroy the
>>> US economy, as we have known it, so that Americans would be forced
>>to
>>> accept world government. The underlying structure of our economy is
>>being
>>> deliberately destroyed. All the money and credit being poured into
>>the
>>> economy by government deficit spending and by aggregate creation by
>>the
>>> Fed is going into financial assets. It is not being used to build
>>and grow
>>> the American economy. Goods and services inflation was suppressed by
>>> manufacturing offshore and outsourcing and this allowed the
>>promotion of
>>> asset price inflation to create a synthesis of growth, but the
>>program had
>>> to be taken too far and now inflation at 9.5% is out of control. It
>>will
>>> stay that way until the Fed closes the money spigots. Today, credit
>>is
>>> packaged into asset-based marketable securities, such as real estate
>>> mortgage loans guaranteed by Fannie Mae and Freddie Mac, which we
>>believe
>>> will eventually succumb. Remember, Sir Alan Greenspan has told us
>>he will
>>> inflate as long and as much as he thinks is necessary to stop
>>deflation.
>>> One of his henchmen, Ben Bernake, even said he was prepared to drop
>>money
>>> out of helicopters. What a group of charlatans. In addition, dollar
>>> purchases and global liquidity creation orchestrated by the Asian
>>central
>>> banks over the past year, at the behest of the Fed, has been
>>> unprecedented. This has caused international investors to sell and
>>avoid
>>> dollar denominated assets. Foreign central banks are feasting on our
>>> Treasury and agency paper, because few other sane investors will
>>touch
>>> them. Our over $500 billion current account deficit and our budget
>>deficit
>>> grow every minute of the day even with a cheap dollar. Over the
>>past two
>>> years in global financial markets, speculative leveraging has been
>>> unprecedented, but higher interest rates are now causing
>>deleveraging and
>>> that is what has given us a dollar rally. Whether you noticed it or
>>not,
>>> the global financial system is at the beginning of the beginning of
>>> structural failure. The dollar is on its way to an end as the
>>world's
>>> reserve currency. The dollar will soon lose its place as king of
>>> currencies and will be replaced by gold. As interest rates rise it
>>will be
>>> all she wrote as interest rates rocket upward. There is no question
>>the
>>> Fed will continue to accommodate until hyperinflation gets out of
>>hand.
>>> This will be accompanied by deleveraging, higher interest rates and
>>major
>>> derivative adjustments. This will also be accompanied by
>>deleveraging in
>>> the housing market and higher energy prices. Rising prices will
>>beget
>>> higher prices. Higher interest rates will stem home equity loans,
>>which
>>> are already down to 34% of mortgage executions from 77% at their
>>zenith.
>>> That cuts $100 to $150 billion a year from entering our economy.
>>The punch
>>> bowl needs to be removed but the Fed won't do that, this is an
>>election
>>> year and as interest rates rise the economy will grind to a halt.
>>The Fed
>>> knows inflation is already 9 1/2%, but they will inflate anyway,
>>they have
>>> too. There will be a flight of liquidity to non-dollar assets and
>>gold,
>>> deleveraging will guarantee that. Thus, you have where we think
>>things are
>>> going. The future will be difficult and America is not prepared to
>>meet
>>> the challenge.
>>> Evidently, George W. Bush and the neocons do not believe that they
>>> have accomplished enough deficit spending, so now our President has
>>> proposed a Millennium Challenge Account, which would channel $5
>>billion a
>>> year to poor countries, a sum that would reflect a 50% expansion in
>>> existing aid programs. If we did not know George was a fascist, we
>>would
>>> mistake him for a Socialist. The short list of countries to get aid
>>would
>>> be countries with sound policies, which is a euphemism for political
>>> payoffs.
>>> A group of Christian activists is in the beginning stages of an
>>> effort to have South Carolina secede from the US to become its own
>>> sovereign state."Our Christian republic has declined into a pagan
>>> democracy," says Christian Exodus.org in Tyler, Texas. The plan
>>calls for
>>> 12,000 Christians willing to be active in political campaigns to
>>move to
>>> the Palmetto State. The way things are going in America anything is
>>worth
>>> trying.
>>> The Fed's admission that they will raise interest rates in the
>>> future has no real significance. Any professional knows that was
>>> inevitable. What pros are doing is deluding themselves that the
>>effects of
>>> higher rates will be inconsequential. They are wrong; the shock to
>>the
>>> economy will be huge. Already investment-grade companies have to pay
>>> investors 96 basis points more than Treasury yields, the highest in
>>5
>>> months. The rate on the 30-year fixed mortgage is 6.30%; up from
>>5.4% and
>>> these premiums and rate increases are not going to disappear. The
>>longer
>>> the Fed delays action for political reasons, the higher the premium
>>and
>>> rates will climb. Five and ten-year Treasuries are already off 5%,
>>the
>>> biggest quarterly loss since 1986. The treasury - TIPS spread is
>>2.75%, up
>>> from 2.15% in January. That is why we recommended TIPS long ago for
>>those
>>> who had to remain in cash. The average spread over the past 5 years
>>was
>>> 1.89%. Annualized inflation is 4.4% so even with TIPS you do not
>>keep up
>>> with the official inflation rate, which is a lie. Billions of
>>dollars are
>>> being lost every day because our government refuses to tell the
>>truth. We
>>> believe that by the end of 2005, and in early 2006, the Fed rates
>>now at
>>> 1% will be 5%. That would put 30-year mortgage rates at 9 1/2% and
>>the
>>> 10-year Treasury at 8 1/2%. Those holding ARMS will be crushed.
>>> Now that mortgage rates are up almost a point, homeowners are having
>>> a hard time using their homes as ATM machines. As a result,
>>companies are
>>> offering loans that allow borrowers to skip a payment while those
>>that
>>> require only interest payments are in vogue.
>>> Needless to say, Fannie Mae backs this type of loan in a pilot
>>> program called, Payment Power. If you have paid your mortgage for
>>three
>>> months, you can skip 2 payments a year or 10 payments over the life
>>of a
>>> 30-year loan. How's that for cooking the books? Interest only loans
>>are
>>> pure speculative vehicles. America's lenders have a giant Ponzi
>>scheme
>>> going and it will crash and when it does you had best be debt free.
>>> Personal bankruptcies were 2.8% in the year ended 3/31/04 in spite
>>of an
>>> economic recovery. All you debtors who have maxed your credit cards
>>out
>>> and plan on going bankrupt, remember the House has passed
>>legislation that
>>> will lead you to debtors' prison. They have made it almost
>>impossible to
>>> erase credit card and other debts in bankruptcy court. That
>>legislation
>>> zipped through our purchased House of Representatives. It now awaits
>>> Senate approval and, of course, has a strong endorsement from
>>George W.
>>> Bush and the neocons. This legislation when passed after the
>>election
>>> could eventually cause a revolution on its own. Bankers' greed
>>knows no
>>> bounds. Wait until housing prices drop 30% to 50%. The Fed cannot
>>keep the
>>> money and credit flowing forever not with inflation at 9 1/2% or
>>better.
>>> Thompson Financial tells us executives sold $14.4 billion worth of
>>> company stock in the first four months of the year, compared to $4
>>billion
>>> in the same period last year. Never have so many insiders made so
>>much
>>> money.
>>> We think we will see a remake of 1994 in the financial markets, only
>>> this time the time frame will be slightly different. Rates will
>>rise and
>>> Sir Alan will continue to pump credit and money into the economy.
>>The
>>> elitists have always avoided catastrophe by whatever it took
>>> inflation-wise to bail themselves out. Otherwise, the fortitude or
>>courage
>>> does not exist to purge the system. That is unless this is the end
>>of the
>>> line and they are going to go for world government. We believe it
>>is the
>>> latter. Why else would they allow the horror of monstrous amounts
>>of debt
>>> imploding? There has been no effort by the Fed to reign in excess
>>> consumption and debt formation. It is still being encouraged. Thus,
>>we
>>> believe this could be the grand finale. We also do not think
>>interest
>>> rates will be raised by the Fed in June, probably in August and
>>maybe in
>>> late November. That is why the stock market will stage another
>>rally,
>>> inflation will get much worse and gold and silver will rise. We
>>believe
>>> the re-nomination of Sir Alan Greenspan was part of this. We will
>>> re-nominate you if you pump the economy up until November. This is
>>also
>>> probably why M3 has blasted off again over the past two weeks. This
>>could
>>> also be the result of the exhaustion of the recent massive fiscal
>>stimulus
>>> provided by mortgage refinancing, tax rebates and accelerated
>>> depreciation. This is also why the DOW will take off late in June
>>and
>>> challenge 11,780 and in all probability breakout to 14,000 sucking
>>the
>>> public in again. Then within five months, it could fall to 7,268.
>>> Every other day the Fed drags out one of their numbers to let us
>>> know what little inflation we have and why interest rates do not
>>need to
>>> rise. Last Wednesday it was Fed Governor Broaddus, who got the
>>duty. His
>>> words of wisdom, which we call lies, is that"the Fed will not have
>>to
>>> raise rates as aggressively as it did in 1994 because in 1994 we
>>had not
>>> yet established the full credibility for our low inflation strategy
>>that I
>>> believe we have today." The governor lives in a world of unreality,
>>if he
>>> believes that and of course, he does not, he is lying. This is the
>>> continued arrogance and contempt, in which these elitists hold us.
>>They
>>> believe we are stupid and that we will believe anything. The Fed
>>knows
>>> inflation is 9-1/2% but they feel it is their duty to lie about it.
>>They
>>> know after the election interest rates will rise 4%. The Fed is nine
>>> months to a year behind the curve and that is deliberate.
>>> The man that said,"God wants me to be President," George W. Bush,
>>> was the pervert who gave the final approval to formulate our prison
>>agenda
>>> in Iraq. Systematic abuse, torture and rape are part of the neocons
>>> formulation for power. If these pukes are reelected your daughters
>>and
>>> wives are next. This is Bush's latest mission accomplished. Next,
>>we will
>>> be told he speaks to God, as his Messianism knows no limits. We
>

-->>> As the Fed creates massive amounts of aggregates, the administration
>> creates ever-larger deficits daily. There is no sign that either
>the Fed
>> or the Bush neocons are going to ease up anytime soon. Irrespective
>of
>> government statements, inflation is running at about 9.5%. Currently
>> inflation is rising faster than interest rates and we expect that to
>> continue as long as the Fed massively feeds the system and Mr. Bush
>and
>> Congress create newer and bigger deficits. This is similar to the
>way it
>> began in the late 1960s at the beginning of gold's last great run.
>Today
>> we have record budget and current account deficits that dwarf those
>of
>> that period. Congress and the administration have no inclination to
>in any

FED kreiert riesige Mengen Aggregate(Geld) und der Kongress riesige Defizite. Gleicher Beginn wie in den späten 60ern, keine Intention das zu beenden

>> way cut spending and on top of that, we have perpetual war for
>perpetual
>> peace. The stock market will top out finally this fall as the
>prolonged
>> bear market rally is completed. If the Fed continues its madness as
>it did
>> in the 1970s then interest rates could again reach a Fed fund level
>of
>> 16.39%. We are currently at 1%.

Aktienmarkt wird letztendl. fallen, wenn die verlängerte Bearmarktrallye durch ist, Inflation aktuell, entgegen den offiz. Statistiken bei 9,5%, FED Fund Rates dürften das Level der 70er von 16,39% erreichen, wenn die FED den Irrsinn weiter macht.


Today we have a nation that
>although they
>> won't admit it, lives in fear of its government. Where else today
>can you
>> say something misinterpreted by an employer at an airport and be
>> prosecuted? Where else can you have your phone tapped for writing
>the IF?
>> Only in America. These are not universal values; these are the
>trappings
>> of a police state. If you put all the above together you come up
>with a
>> crisis and that is where we are headed.

Die mit der Regierung nicht einverstandden sind, leben in Amerika in Angst vor der Reg., wo sonst wird man für ein falsches Wort gegenüber eines Angestellten auf dem Flughafgen eingesperrt? Keine (Verteidigung der ) Werte mehr, sondern Fallen eines Polizeistaates. Alles Zeichen einer Krise...

>> Exporting dollars is becoming a major American industry; $30 billion
>> goes to Latin America every year and of that $14.5 billion goes to
>Mexico.
>> Fifty percent of those sending funds home make $20,000 or less a
>year, but
>> send home 10% of their income.

Eine amerikanische Hauptindustrie: Dollarexport, 30 Mrd. pro Jahr nach Lateinamerika, die Hälfte davon nach Mexiko, 10% des Einkommens (Schnitt 20.000 Dollar sendet jeder von da stammende heim.

>> The use of drugs to control attention deficit and hyperactivity
>> problems in preschool children jumped 49% in the past three years.
>All
>> children on ADHD drugs increased by 23% in children under five. The
>money
>> being spent on ADHD is eclipsing spending on drugs for asthma and
>> infections. At the same time, the use of antibiotics grew only
>4.3%, while
>> the use of antidepressants rose 21% and the use of medicines for
>autism
>> and other conduct disorders jumped 71%. The most eye-popping change
>was a
>> 369% increase in spending on ADHD drugs for children under five.

ADHD (was bei uns früher Hyperaktivität genannt wurde): Gebrauch von Medikamenten dagegen für Vorschulkinder um 49% gestiegen, die Zahl der Kinder unter 5 Jahren, die das Zeug reingepumpt bekommen stieg um 23%. (Passt zur Theorie, dass die Pharmaindustrie frühzeitig profitable Melkkühe braucht). Zum Vergleich Antibiotika +4,3%, dagegen Antidepressiva +21%, Medikamente gegen Autismus +71%. Aber bemerkenswertester Punkt: Ausgaben für ADHD Medikamente für Kinder unter 5 +369%. (Glöckwunsch an die Amipharmas:-(

>Their
>> parents are too lazy to deal with normal child behavior. New drugs,
>such
>> as Strattera, Adderall and Concerta only require one dose in the
>morning
>> and the kids are like zombies all day. It is estimated that almost
>10% of
>> American children are being poisoned with these drugs just so
>teachers
>> won't have to bother to correct them. By the time they are 10-15
>years old
>> they are ready for suicide.

Eltern zu faul, mit normalem Kinderverhalten umzugehen (naja die Medien haben ihnen ja auch verkauft, das wäre ne Krankheit), neue Med. in einer Dosis am morgen machen die Kids zu Zombies für den ganzen Tag, etwa 10% der Kinder (geschätzt) werden damit vollgepumpt, mit 10-15 sind sie dann reif für den Selbstmord.

>> The Secretary of Defense, Donald Rumsfeld's orders for the treatment
>> and interrogation of Iraqi prisoners brings up questions about
>treatment
>> of prisoners in American correctional institutions. The 12 million
>people
>> who pass through these institutions each year are often subject to
>violent
>> attacks by other inmates, prisoner-on-prisoner rape is endemic, drug
>> resistant strains of tuberculosis is rampant, as are drugs and the
>> swapping of needles that leads to HIV infection and liver destroying
>> hepatitis C. Psychiatric care for psychotic inmates is poor to
>> nonexistent. Twenty-five percent of inmates are usually under
>> administrative lockdown. Almost 50% in lockdown have tried to commit
>> suicide. Our prison system is a disgrace to us as a civilized
>people.

Bissel was über das, was in Amigefängnissen abgeht:-(, 12 Mio. Menschen pro Jahr inhaftiert, Vergewaltigungen normal, HIV durch Spritzenm TBC etc. nehmen rapide zu.

>> A federal advisory committee says Congress should pass laws to
>> protect the civil liberties of Americans when the government sifts
>through
>> computer records and data files for information about terrorists. A
>better
>> idea of course is to terminate Patriot Acts I & II. Currently
>agencies are
>> collecting and using personally identifiable information on persons
>for
>> national security and law enforcement purposes. The programs are
>mirror
>> images of the Pentagon program named, Total Information Awareness,
>now
>> euphemistically known as, Terrorism Information Awareness, which
>makes
>> each citizen a potential terrorist suspect. In data mining our
>government
>> has no intention of protecting individual privacy. The only
>solution is to
>> do away with Patriot Acts I & II. If we are going to have these
>Acts then
>> Congress must pass legislation protecting our rights and demand
>court
>> orders for data mining, search and seizure. What is happening is
>that
>> anyone who speaks or writes negatively about government is subject
>to
>> harassment and entrapment. We know because government has already
>tried
>> unsuccessfully to use it against us.
>> In our latest insanity, the US Postal Service is honoring EID Muslim
>> holiday season with a commemorative first-class holiday postage
>stamp. The
>> stamp should be boycotted.

Auslassungen zum Patriot Act I+II Schwachsinn, nicht so wichtig.

>> Get ready for the administration to blame the cost of energy for the
>> fading of the recovery. The Fed and the Bush neocons were too early
>in
>> their timing. They have nothing for an encore except not raising
>interest
>> rates and the Fed pumping $2 to $3 trillion into the economy,

FED und Bushs Neocons waren zu früh mit dem Timing, jetzt haben sie nichts mehr in der Hand ausser die Zinsen nicht zu erhöhen.

>> The Bush neocons are well on their way to dismantling the anti-trust
>> laws in our country. Mergers and acquisitions abound as the
>consolidation
>> of companies continues leading to more and more concentration. Any
>strong
>> company is fair game for internationalist corporatist interests. The
>> profitable assets are removed, the carcass sold off and its
>employees left
>> without jobs. Retirement funds and benefits are cut or lost, as is
>present
>> and future healthcare. The mergers in telecommunications and the
>media are
>> affected to kill the chance of any real news being reported.
>Halliburton,
>> Bechtel and the Carlyle Group are running our country. There is no
>> integrity left in journalism and anyone who reports the truth is
>hounded
>> into silence. Today America is a scary place and we don't see any
>> improvement anytime soon.

Bush und die Neocons haben dafür gesorgt, dass die Monopolisierung und Konzentration gut fortschreiten kann, Antitrustgesetze gekippt, Haliburton, Bechtle und die Carlyle Group steuern das Land, es gibt keine integren Journalisten mehr oder sie werden mundtot gemacht.

>> The Bush neocons, in a major policy reversal, signaled its readiness
>> to accept Islamic theocracy in Iraq. Colin Powell said,"We will
>have to
>> accept any free and fairly elected government." We believe this is
>to
>> insure that a new Iraqi administration will be set up by June 30 as
>a
>> sovereign government supported by a new UN resolution, which will
>speed up
>> the neocons exit strategy.

Es sieht nach Aktzeptieren eines Islam. Gottesstaates im Irak aus, Neocons auf Exitstrategie.


Rest später, muss mal eine rauchen gehen, vielleicht macht ja auch wer anders weiter...:-)

-->>> began in the late 1960s at the beginning of gold's last great run.
>Today
>> we have record budget and current account deficits that dwarf those
>of
>> that period. Congress and the administration have no inclination to
>in any

FED kreiert riesige Mengen Aggregate(Geld) und der Kongress riesige Defizite. Gleicher Beginn wie in den späten 60ern, keine Intention das zu beenden


Und Gold-pushing:"the beginning of gold's last great run" rutschte raus, oder wie?

Ich verstehe die Aufregung nicht.
Die USA sind immernoch im Krieg, das ist alles.

Und über die Rückzahlungen würde ich mir mal keine Sorgen machen, wenn
sie nach Irak auch SA kassiert haben.

MattB

-->Natürlich, der Inhalt der Übersetzung ist wirklich nicht lustig, aber sehr lesenswert und interessant. Danke. Eigentlich wird uns Anlegern ja ständig Panik gemacht und schlechte Nachrichten verbreiten sich nun mal mehr und schneller als gute Nachrichten. Aber trotzdem *wäre* es *eigentlich* und *meiner Meinung nach* höchste Zeit, sich von Anlagen in Dollar (u.a. Aktien) zu trennen und in die sicheren Währungen (Euro, schweizer Franken [CHF]) zu wechseln. Aber einige Papiere sind einfach unwiderstehlich und zu verlockend.

Man sollte nicht vergessen, dass die Beschlagnahmung der Anlage von Ausländern in ADR-Aktien von den entsprechenden Herausgebern (Banken, Emittenten) möglich ist. Das sollte eigentlich nie der Fall sein, weil der Vertrauensverlust dann enorm wäre.

Gute Nacht.

-->
>Ich verstehe die Aufregung nicht.
>Die USA sind immernoch im Krieg, das ist alles.
>Und über die Rückzahlungen würde ich mir mal keine Sorgen machen, wenn
>sie nach Irak auch SA kassiert haben.
>MattB

schade nur das sie den Irak nicht haben

-->

-->>>> Our purchased Congress has again thwarted the will of the American
>>> people. It has summarily dismissed Eliot Spitzer's exposures and
>>more than
>>> a dozen Congressional hearings on five bills that should have
>>reformed the
>>> worst mutual fund scandals in sixty years. Congress has again
>>ignored all
>>> the evidence and accepted the payoffs from the fund and brokerage
>>> industries, leaving 95 million investors in the hands of these
>>greedy
>>> crooks. These are the same investment professionals who lost 43% of
>>> investors' assets between 2000 and 2002, while they raised their
>>> compensation 25%. Incidentally, for new readers we got all of our
>>> subscribers out of the market in April 2000. Congress' lack of
>>action
>>> allows these crooks who control massive financial assets to continue
>>> skimming off the top. Lean on your representatives in Washington
>>and if
>>> they do not listen make sure they are not reelected.

ein gekaufter Kongress hat den Willen der Amerikaner ignoriert, größter Fondsskandal in 60 Jahren, Ergebnis, die gleichen Leute, die 43% des Investorenvermögens pulverisiert haben, haben gleichzeitig ihren Verdienst dabei um 25% erhöht. Kongress erlaubt ihnen weiterzumachen.

>>> An investigation into one of the biggest corruption scandals in
>>> history is being hampered by the US-led administration in Iraq
>>according
>>> to our Congress and officials in Baghdad. The actual review of the
>>records
>>> has been delayed for weeks and documents are being altered or
>>destroyed.
>>> At least $11 billion has gone into the pockets of 270 people and
>>> organizations. The elitist, Mr. Bremer, pro-counsel of Iraq,

Nächster Skandal: US-Administration im Irak, 11 Mrd. Dollar in die Taschen von 270 Leuten und Organisationen. Aussage werden wochenlang zurückgehalten Dokumente gefälscht oder vernichtet.

>>intervened
>>> in March, saying he would not release funds to pay KPMG, the
>>auditor,
>>> which had already made substantial progress in locating documents
>>in Iraq,
>>> unless the contract was put out to tender. This is interesting,
>>inasmuch
>>> as few contracts have been put out to tender in Iraq. All the
>>business
>>> went to neocon cronies and other financial contributors. KPMG was
>>finally
>>> appointed and will be paid about $6 million for the effort. Then

KPMG machte Fortschritte (beim Dokumente lokalisieren) dann entschied Paul Bremer, das die Bezahlung nicht freigegeben wird, der Vertrag wurde aufgelöst, wie auch ein paar andere. Dafür gehen jetzt 6 Mios an KPMG. Die CPA(??) entschied, ihre eigenen Auditors zu nehmen. Viele Verträge gingen an die Kumpane der Neocons.

>>the CPA
>>> decided it would appoint its own auditors to investigate
>>allegations and
>>> Ernst and Young were set to work as well. Many in Congress are angry
>>> because it is obvious Bush and the neocons are trying to destroy
>>all the
>>> evidence. The IGC, with the help of KPMG, had already located
>>billions of
>>> dollars that came out of illicit oil-for-food profits in Middle
>>East bank
>>> accounts. Americans, because of this theft, more of your hard-
>>earned tax
>>> dollars had to be spent.

Ernst and Young macht stattdessen weiter. KPMG hat aber Mrd. Dollar in (Mittelost)Banken aus Oil-for-food Profiten gefunden. Der Amerikaner soll aber weiter Steuerdollars zahlen.

>>> Surprisingly Alan Greenspan is going to stay as Chairman of the
>>Fed, as he
>>> was re-nominated by George W. Bush.
>>> Forrester Research says it expects 1.6 million office jobs to have
>>> moved to India and other foreign countries by the year 2015. Office
>>and
>>> computer jobs will lead the march, costing 3.4 million more US jobs
>>and
>>> more than $151 billion in wages. 542,000 computer jobs are next on
>>the
>>> list, followed by 356,000 businesses and 259,000 management jobs.
>>Overall,
>>> about 6.4% of jobs in vulnerable categories will be outsourced in
>>the next
>>> 11 years.
Are you listening America? Your jobs, your livelihood, the
>>> future of your children are being destroyed by the elitists to make
>>> America a second world country. Climb all over your members of
>>Congress.
>>> If you do not, your family will either starve to death or you will
>>be
>>> forced to fight in the streets.

Überraschung: Greenspan erneut vorgeschlagen von Bushi.. Forrester Resarch erwartet: 1,6 Mio Bürojobs nach Indien u. a. bis 2015, Computerjobs 3,4 Mio was 151 Mrd. in Löhnen bedeutet. Etwa 6,4% in gefährdeten Kategorien wirds in den nächsten 11 Jahren erwischen (und Amerika zu einem Zweite-Welt-Land machen). Strassenkampfsituation.


>>> The BIS derivative survey reveals that, as of 12/03, the global
>>> derivatives market amounted to $234 trillion of notional contracts,
>>of
>>> which 75% or $175 trillion are interest related, and 80% or $142
>>trillion
>>> of these are on the OTC market. That is 2.7 times higher than when
>>LTCM
>>> blew up in 1998. This means the global economy produced $22 in
>>> interrelated risk transactions for every $1.00 of estimated growth
>>in its
>>> physical counterpart in 2003, which denotes a financial system
>>totally out
>>> of control. After reading this, if you do not think we are in
>>trouble
>>> there is something certainly wrong with your thinking process.

an 12/03 der globale Derivatemarkt war 234 Billionen $ - 75% davon Zinskontrakte und 80% (vom gesamten) am Over The Counter Markt, 2,7 mal höher als 1998. Für jeden Dollar (Wachstum) in der Realität gibts 22$ in Derivaterisiken, Finanzsystem total ausser Kontrolle.

>>> The NASD reprimanded Morgan Stanley, Bear Stearns and Deutsche Bank
>>> and ordered them to collectively pay a fine of more than $15
>>million. They
>>> gave special clients shares of hot IPO's. For this the banks
>>accepted
>>> outrageous commissions. That is where all these hot IPO's went that
>>> couldn't get any of.

Morgan Stanley, Bear Stearns und Deutsche Bank haben grad mal zusammen 15 Mio. Strafe für die IPO-Mogeleien gezahlt. Aber verbrecherische Gebühren dafür kassiert. (die sicher mahr als 15 Mios waren)

>>> As the current account deficit approaches $600 billion, the US needs
>>> to attract a net $2.7 billion of overseas capital every single day.
>>> Overall, debt stands at 163% of GDP. This is beyond imagination.
>>> They once put bookmakers in jail, as gambling was once considered a
>>> vice. Today it is a savior for many states that are rolling the
>>dice and
>>> hoping lotteries, slot machines, and casinos will create income,
>>jobs and
>>> healthier budgets. Hesitant to raise taxes, particularly in an
>>election
>>> year, 24 states have looked at gaming proposals this year to boost
>>> revenues and help pay for education, health care and other basic
>>> necessities that states provide. Today there is gambling in 23
>>states>>> which have casinos owned by American Indian tribes. Gambling is
>>insidious
>>> and there is no question it draws crime. It is a tough trade-off but
>>> unfortunately people are going to gamble anyway, so the proceeds
>>going to
>>> good causes aren't all that bad.

aktuelles Haushaltsdefizit 600 Mrd., die USA brauchen jeden Tag 2,7 Mrd. Auslandskapital, Schuldenstant 163% vom BIP. Früher wurden Buchmacher eingesperrt, im Wahljahr ist es aber schlecht mit Steuererhöhungen, also wird Glücksspiel etc. zugelassen, kreiert Steuereinahmen...


>>> Apprehension continues to grow as it becomes very obvious that the
>>> Fed has to raise interest rates. They would have been raised by now
>>but
>>> this is an election year and the Fed is illegally doing all it can
>>to
>>> assure the reelection of George W. Bush and his neocons. Treasury
>>debt is
>>> spiraling upward and the Fed's creation of aggregates is exploding.
>>That
>>> has caused real market interest rates to rise 1-3/16% over the past
>>two
>>> months, which has caused large bond market losses. This has led to
>>capital
>>> repatriation by foreigners in anticipation of even higher rates.

Eigentlich wären Zinserhöungen lange fällig, aber es ist Wahljahr und die FED will die Wiederwahl von Bush und den Neocons. Reale Zinsraten sind 1 3/16 in zwei Monaten rauf.

>>Just as
>>> powerful has been the unwinding of the carry trade, which has
>>caused the
>>> dollar to strengthen in an unusual manner. Most professionals do
>>not as
>>> yet realize it but this is the beginning of the popping of the bond
>>bubble
>>> and the beginning of the re-decent of the dollar. As the carry trade
>>> unwinds and moves to cash, other bubbles will burst in real estate
>>and in
>>> the stock market, both of which will not occur in a visible way
>>until
>>> after the election. The carry trade is when you borrow money at 1%
>>and buy
>>> Treasuries at 4%. If interest rates are moving higher, you are
>>taking
>>> capital losses in the underlying bonds, which neutralize your gains
>>or
>>> cause you losses. The exit from the carry trade is in anticipation
>>of
>>> higher interest rates. The bubbles will break so fast after the
>>election
>>> that peoples' heads will be spinning. They just will not believe
>>what is>>> happening to them as Societe General, the Paris banks says,"We see
>>a
>>> confluence of ominous events. A slowdown in US economic demand may
>>be
>>> unavoidable - cooling Chinese demand - under weighting global
>>> manufacturing demand." Just add in higher interest rates and you
>>have the
>>> beginning of a horror story.

Das ist Beginn des Bondmarktcrashs, was andere Bubbles anstechen wird, Aktien und Housingbubble. Aber nicht vor der Wahl, sondern kurz danach. Rückgang der Nachfrage in den USA löst Rückgang in China aus etc. dazu Zinserhöhungen und du hast die Horrorstory (Beginn).


>>> Yes, there is a mountain of debt and yes, a credit bust is going to
>>> happen in the US, but not until the election is over. The Fed has
>>the
>>> power to temporarily delay the events, particularly in the stock
>>market by
>>> increasing funds available via the repo market. The tidal wave of
>>credit
>>> to US households, particularly in mortgages, home equity loans and
>>credit
>>> cards will not go onerously up in cost until later this year. As the
>>> credit flow contracts due to higher costs, borrowers will pay down
>>debt,
>>> or go bankrupt. That will slow the economy forcing house prices
>>down,
>>> creating a loss of equity and ending the wealth affect. The ultimate
>>> result will be a depression worse than the 1930's. We would be
>>surprised
>>> if the Fed raises rates on June 29-30. We expect them to rise in
>>August.

Ganze Ablauf geschildert, aber festgelegt, dass es nach der Wahl knallt. FED wird im Juni nix machen, erst im August erste Zinserhöhung.

>>> From 1993 to 1995 rates doubled but the debt situation was 20% of
>>what it
>>> is today. For starters, we expect a move up in interest rates in
>>2004-2005
>>> from 3.65% on the 10-year Treasury note to 7-1/2%. If the Fed
>>continues
>>> its aggregate creation at current levels, which they say they will
>>and
>>> then some, then we can expect much higher rates as inflation soars
>>past
>>> 12%.

von 93-95 wurde die Zinsrate vedoppelt, die Schuldensituation war 20% im Vergleich zu heute. Erwartet eine Erhöhung bei den 10jährigen von 3,65 auf 7,5% und Infla 12%.


>>Remember that in 2000, a 1.75% increase in rates brought the
>>market
>>> down 43% and NASDAQ down 70%. Can you imagine what a four-point
>>increase
>>> will do? The indications of excesses in prices are everywhere even
>>though
>>> our government lies about it. Looking at the value of residential
>>real
>>> estate as a percentage of personal income shows the ratio to be
>>182%,
>>> which is over 20% higher than its last peak in the late 1980's.
>>Mortgages
>>> are about to rise back up to historical levels. The 20-year average
>>has
>>> been 8.6% and we predict 8-1/2% by the end of 2005 and even higher
>>rates
>>> after that if the Fed continues to pump over a trillion a year into
>>the
>>> economy. However, home equity is now 55% versus the 20-year average
>>of
>>> 61%. Service of this debt is at a much higher level than in years
>>past.
>>> Plus, today some 30% of mortgages are ARMS, which have adjustable
>>rates,
>>> and 45% of mortgages are sub-par. Loans that should never have been
>>made
>>> to begin with. It should be noted that mortgage related assets now
>>account
>>> for 59% of banks' earning assets, up from 30% in the mid-eighties.
>>That
>>> means bank earnings will plunge next year. Even with zero percent
>>> financing, automakers see declining sales. A four-point rise in
>>interest
>>> rates will force the end of zero financing and auto and truck sales
>>will

2000 haben 1,75% Zinsanhebung -43% im Gesamtmarkt und 70% nasse im Nasdaq gebracht, was werden wohl 4% rauf bei den Zinsen auslösen? Sieht Ende 2005 8,5% bei den Hypos, etwa 30% sind dabei flexibel verzinst (vom Gesamtvolume). 59% der Bankprofite hängen am Hypogeschäft, daraus folgt Gewinneinbruch 2005 (mangels Neugeschäft). 4% Zinsplus bedeuten ausserdem Ende der 0% Finanzierung bei den Autos, wiederum Einbruch der Verkaufszahlen.

Oki, lagt aber erstmal... N8

MfG
igelei

-->Wenn sie pech haben schmeißt der Regierungsrat sie raus udn kassiert alle Ã-llizenzen ein und verkauft sie meistbietend. Von den Verlusten durch den Guerilliakampf mal ganz zu schweigen. Was meinst du was losgehen würde würden die jetzt auch noch in Saudi Arabien einmarschieren.

-->[ Manchmal entfernt das Programm leider auch Buchstaben und Ziffern, ggf. mit Original abgleichen ]

THE INTERNATIONAL FORECASTER
MAY 2004 (#4) Vol. 8 No. 5-4

This is from a newsletter of Bob Chapman. Conspiracy economist. Sees transnational forces wanting to break the economic/military power of the US. His newsletter gives the details week by week for investors. Lots of fear of course. I read it to get a view, a picture of what the world will be like from where he sits. And to see HOW the bad guys may be doing it to keep a step ahead. What do you think?

US MARKETS
As the Fed creates massive amounts of aggregates, the administration creates ever-larger deficits daily. There is no sign that either the Fed or the Bush neocons are going to ease up anytime soon. Irrespective of government statements, inflation is running at about 9.5%. Currently inflation is rising faster than interest rates and we expect that to continue as long as the Fed massively feeds the system and Mr. Bush and Congress create newer and bigger deficits. This is similar to the way it began in the late 1960s at the beginning of gold's last great run.
Today we have record budget and current account deficits that dwarf those of that period. Congress and the administration have no inclination to in any way cut spending and on top of that, we have perpetual war for perpetual peace. The stock market will top out finally this fall as the prolonged bear market rally is completed. If the Fed continues its madness as it did in the 1970s then interest rates could again reach a Fed fund level of 16.39%. We are currently at 1%. Today we have a nation that although they won't admit it, lives in fear of its government. Where else today can you say something misinterpreted by an employer at an airport and be prosecuted? Where else can you have your phone tapped for writing the IF?
Only in America. These are not universal values; these are the trappings of a police state. If you put all the above together you come up with a crisis and that is where we are headed.
Exporting dollars is becoming a major American industry; $30 billion goes to Latin America every year and of that $14.5 billion goes to Mexico.
Fifty percent of those sending funds home make $20,000 or less a year, but send home 10% of their income.
The use of drugs to control attention deficit and hyperactivity problems in preschool children jumped 49% in the past three years.
All children on ADHD drugs increased by 23% in children under five. The money being spent on ADHD is eclipsing spending on drugs for asthma and infections. At the same time, the use of antibiotics grew only 4.3%, while the use of antidepressants rose 21% and the use of medicines for autism and other conduct disorders jumped 71%. The most eye-popping change was a 369% increase in spending on ADHD drugs for children under five.
Their parents are too lazy to deal with normal child behavior. New drugs, such
as Strattera, Adderall and Concerta only require one dose in the morning and the kids are like zombies all day. It is estimated that almost 10% of American children are being poisoned with these drugs just so teachers won't have to bother to correct them. By the time they are 10-15 years old they are ready for suicide.

The Secretary of Defense, Donald Rumsfeld's orders for the treatment and interrogation of Iraqi prisoners brings up questions about treatment of prisoners in American correctional institutions. The 12 million people who pass through these institutions each year are often subject to violent attacks by other inmates, prisoner-on-prisoner rape is endemic, drug resistant strains of tuberculosis is rampant, as are drugs and the swapping of needles that leads to HIV infection and liver destroying hepatitis C. Psychiatric care for psychotic inmates is poor to nonexistent. Twenty-five percent of inmates are usually under administrative lockdown. Almost 50% in lockdown have tried to commit suicide. Our prison system is a disgrace to us as a civilized people.
A federal advisory committee says Congress should pass laws to protect the civil liberties of Americans when the government sifts through computer records and data files for information about terrorists. A better idea of course is to terminate Patriot Acts I & II. Currently agencies are collecting and using personally identifiable information on persons for national security and law enforcement purposes. The programs are mirror images of the Pentagon program named, Total Information Awareness, now euphemistically known as, Terrorism Information Awareness, which makes each citizen a potential terrorist suspect. In data mining our government has no intention of protecting individual privacy. The only solution is to do away with Patriot Acts I & II. If we are going to have these Acts then Congress must pass legislation protecting our rights and demand court orders for data mining, search and seizure. What is happening is that anyone who speaks or writes negatively about government is subject to harassment and entrapment. We know because government has already tried unsuccessfully to use it against us.
In our latest insanity, the US Postal Service is honoring EID Muslim holiday season with a commemorative first-class holiday postage stamp. The stamp should be boycotted.
Get ready for the administration to blame the cost of energy for the fading of the recovery. The Fed and the Bush neocons were too early in their timing. They have nothing for an encore except not raising interest rates and the Fed pumping $2 to $3 trillion into the economy,

The Bush neocons are well on their way to dismantling the anti-trust laws in our country. Mergers and acquisitions abound as the consolidation of companies continues leading to more and more concentration. Any strong company is fair game for internationalist corporatist interests. The profitable assets are removed, the carcass sold off and its employees left without jobs. Retirement funds and benefits are cut or lost, as is present and future healthcare. The mergers in telecommunications and the media are affected to kill the chance of any real news being reported.
Halliburton, Bechtel and the Carlyle Group are running our country. There is no integrity left in journalism and anyone who reports the truth is hounded into silence. Today America is a scary place and we don't see any improvement anytime soon.
The Bush neocons, in a major policy reversal, signaled its readiness to accept Islamic theocracy in Iraq. Colin Powell said,"We will have to accept any free and fairly elected government." We believe this is to insure that a new Iraqi administration will be set up by June 30 as a sovereign government supported by a new UN resolution, which will speed up the neocons exit strategy.
Our purchased Congress has again thwarted the will of the American people. It has summarily dismissed Eliot Spitzer's exposures and more than a dozen Congressional hearings on five bills that should have reformed the worst mutual fund scandals in sixty years. Congress has again ignored all the evidence and accepted the payoffs from the fund and brokerage industries, leaving 95 million investors in the hands of these greedy crooks. These are the same investment professionals who lost 43% of investors' assets between 2000 and 2002, while they raised their compensation 25%. Incidentally, for new readers we got all of our> subscribers out of the market in April 2000. Congress' lack of action allows these crooks who control massive financial assets to continue skimming off the top. Lean on your representatives in Washington and if they do not listen make sure they are not reelected.
An investigation into one of the biggest corruption scandals in history is being hampered by the US-led administration in Iraq according to our Congress and officials in Baghdad. The actual review of the records has been delayed for weeks and documents are being altered or destroyed.
At least $11 billion has gone into the pockets of 270 people and organizations. The elitist, Mr. Bremer, pro-counsel of Iraq, intervened in March, saying he would not release funds to pay KPMG, the auditor, which had already made substantial progress in locating documents in Iraq, unless the contract was put out to tender. This is interesting, inasmuch as few contracts have been put out to tender in Iraq. All the business went to neocon cronies and other financial contributors. KPMG was finally appointed and will be paid about $6 million for the effort. Then the CPA decided it would appoint its own auditors to investigate allegations and Ernst and Young were set to work as well. Many in Congress are angry because it is obvious Bush and the neocons are trying to destroy all the evidence. The IGC, with the help of KPMG, had already located billions of dollars that came out of illicit oil-for-food profits in Middle East bank accounts. Americans, because of this theft, more of your hard-earned tax dollars had to be spent.

Surprisingly Alan Greenspan is going to stay as Chairman of the Fed, as he was re-nominated by George W. Bush.
Forrester Research says it expects 1.6 million office jobs to have moved to India and other foreign countries by the year 2015. Office and computer jobs will lead the march, costing 3.4 million more US jobs and more than $151 billion in wages. 542,000 computer jobs are next on the list, followed by 356,000 businesses and 259,000 management jobs.
Overall, about 6.4% of jobs in vulnerable categories will be outsourced in the next 11 years. Are you listening America? Your jobs, your livelihood, the future of your children are being destroyed by the elitists to make America a second world country. Climb all over your members of Congress.
If you do not, your family will either starve to death or you will be forced to fight in the streets.
The BIS derivative survey reveals that, as of 12/03, the global derivatives market amounted to $234 trillion of notional contracts, of which 75% or $175 trillion are interest related, and 80% or $142 trillion of these are on the OTC market. That is 2.7 times higher than when LTCM blew up in 1998. This means the global economy produced $22 in interrelated risk transactions for every $1.00 of estimated growth in its physical counterpart in 2003, which denotes a financial system totally out of control. After reading this, if you do not think we are in trouble there is something certainly wrong with your thinking process.
The NASD reprimanded Morgan Stanley, Bear Stearns and Deutsche Bank and ordered them to collectively pay a fine of more than $15 million. They gave special clients shares of hot IPO's. For this the banks accepted outrageous commissions. That is where all these hot IPO's went that couldn't get any of.
As the current account deficit approaches $600 billion, the US needs to attract a net $2.7 billion of overseas capital every single day.
Overall, debt stands at 163% of GDP. This is beyond imagination.
They once put bookmakers in jail, as gambling was once considered a vice. Today it is a savior for many states that are rolling the dice and hoping lotteries, slot machines, and casinos will create income, jobs and healthier budgets. Hesitant to raise taxes, particularly in an election year, 24 states have looked at gaming proposals this year to boost revenues and help pay for education, health care and other basic necessities that states provide. Today there is gambling in 23 states which have casinos owned by American Indian tribes. Gambling is insidious and there is no question it draws crime. It is a tough trade-off but unfortunately people are going to gamble anyway, so the proceeds going to good causes aren't all that bad.
Apprehension continues to grow as it becomes very obvious that the Fed has to raise interest rates. They would have been raised by now but this is an election year and the Fed is illegally doing all it can to assure the reelection of George W. Bush and his neocons. Treasury debt is spiraling upward and the Fed's creation of aggregates is exploding.
That has caused real market interest rates to rise 1-3/16% over the past two months, which has caused large bond market losses. This has led to capital repatriation by foreigners in anticipation of even higher rates.
Just as powerful has been the unwinding of the carry trade, which has caused the dollar to strengthen in an unusual manner. Most professionals do not as yet realize it but this is the beginning of the popping of the bond bubble and the beginning of the re-decent of the dollar. As the carry trade unwinds and moves to cash, other bubbles will burst in real estate and in the stock market, both of which will not occur in a visible way until after the election. The carry trade is when you borrow money at 1% and buy Treasuries at 4%. If interest rates are moving higher, you are taking capital losses in the underlying bonds, which neutralize your gains or cause you losses. The exit from the carry trade is in anticipation of higher interest rates. The bubbles will break so fast after the election that peoples' heads will be spinning. They just will not believe what is happening to them as Societe General, the Paris banks says,"We see a confluence of ominous events. A slowdown in US economic demand may be unavoidable - cooling Chinese demand - under weighting global manufacturing demand." Just add in higher interest rates and you have the beginning of a horror story.
Yes, there is a mountain of debt and yes, a credit bust is going to happen in the US, but not until the election is over. The Fed has the power to temporarily delay the events, particularly in the stock market by increasing funds available via the repo market. The tidal wave of credit to US households, particularly in mortgages, home equity loans and credit cards will not go onerously up in cost until later this year. As the credit flow contracts due to higher costs, borrowers will pay down debt, or go bankrupt. That will slow the economy forcing house prices down, creating a loss of equity and ending the wealth affect. The ultimate result will be a depression worse than the 1930's. We would be surprised if the Fed raises rates on June 29-30. We expect them to rise in August.
From 1993 to 1995 rates doubled but the debt situation was 20% of what it is today. For starters, we expect a move up in interest rates in 2004-2005 from 3.65% on the 10-year Treasury note to 7-1/2%. If the Fed continues its aggregate creation at current levels, which they say they will and then some, then we can expect much higher rates as inflation soars past 12%. Remember that in 2000, a 1.75% increase in rates brought the market down 43% and NASDAQ down 70%. Can you imagine what a four-point increase will do? The indications of excesses in prices are everywhere even though our government lies about it. Looking at the value of residential real estate as a percentage of personal income shows the ratio to be 182%, which is over 20% higher than its last peak in the late 1980's. Mortgages are about to rise back up to historical levels. The 20-year average has been 8.6% and we predict 8-1/2% by the end of 2005 and even higher rates after that if the Fed continues to pump over a trillion a year into the economy. However, home equity is now 55% versus the 20-year average of 61%. Service of this debt is at a much higher level than in years past.
Plus, today some 30% of mortgages are ARMS, which have adjustable rates, and 45% of mortgages are sub-par. Loans that should never have been made to begin with. It should be noted that mortgage related assets now account for 59% of banks' earning assets, up from 30% in the mid-eighties.
That means bank earnings will plunge next year. Even with zero percent financing, automakers see declining sales. A four-point rise in interest rates will force the end of zero financing and auto and truck sales will plunge. Avoid these manufacturers at all costs. In the fall, short them because they will get crushed. Some will not make it. Alan Greenspan has done the unforgivable and we will get to pay for his actions in behalf of his elitist masters.
The average computer programmer in India earns roughly $10.00 an hour, compared to more than $60.00 per hour for the average American computer programmer. Keep up off shoring corporate America and you soon will not have anyone in the US to sell to.
Almost two-thirds of 1.6 million civilian full-time employees of our government received merit bonuses or special time-off awards in fiscal 2002. They ranged from less than $100 to over $25,000. 2,900 received bonuses of more than $10,000 each. Civil service specialist said the proliferation of bonuses reinforces a common belief that many federal workers are rewarded for little more than showing up. We call this buying votes. The National Science Foundation, DOC and CSA gave bonuses to more than 90% of their workers.
American Express is under investigation for fraud by not disclosing certain revenue sharing arrangements with mutual fund clients.
Federal and state prosecutors are investigating Charles Schwab for fraud and market timing and late trading of mutual funds.
The California Senate approved legislation by a 36-2 vote and sent it to the assembly to warn consumers when spyware was added to their computers when they buy software. These programs track what web sites you visit, may steal your passwords, access your financial information, log your keystrokes, bombard you with pop-ups, track your purchases and remotely report your activity and personal information to a third party, which includes our government. Maybe this will get our purchased Congress to act.
Saudi Arabia, a subject nation of the US and UK, has pushed for higher oil production as a result of pressure from governments and international elitist corporations. As Hugo Chavez, Venezuela's president has said,"In my opinion it would be a very bad message for OPEC to give into pressures and then increase production. No, OPEC should say to the big consumers, let's sit down at the table and let us talk about the causes in the increase in prices." Of course, the major users have no intention of doing that.
The MBA says weekly mortgage activity for the week ended 5/14/04 fell 11.9% to 654.1 from 742.2 the previous week; 30-year fixed mortgage rates fell 11 basis points to 6.21% and they are still up 104 BP from last year. The MBA purchase index, a gauge of new loan requests for home purchases, fell by 8.1% to 454.2 after hitting its second highest level at 494.3 the previous week. The high was 501.6 on 1/16/04. The refinancing index fell by 16.8% to 1,816.9 from the previous week's 2,184.6, the lowest since January when it was 1,755.4.
The aggregate number of jobs sent overseas to-date will pass 500,000 this year and reach one million by 2006. Most are being farmed out by Fortune 1,000 companies contrary to public belief. US transnational just do not want the public to get the facts on how they are destroying America. In just the next 1-1/2 years management will lose 42,000 jobs; business 120,000; computing 203,000; architecture 54,000; life sciences 5,500; legal 23,000; sales 47,000 and office 475,000 for a total of 963,500 jobs and that is only with Fortune 1,000 companies. The economic destruction of America goes on unabated.
Tuition at 15 well-regarded colleges is about to rise again next fall far above the so-called inflation rate. Stanford will increase 4.5% to 11.1% for out-of-state students at the University of Washington.
The average is 5.5%. This is a reflection of higher medical costs, salaries, student aid, and prestige - the more expensive the better it is. In 2003, 50% of all undergraduates received some grant aid that never needs to be repaid. Sixty percent receive some sort of financial aid. In 31 elite schools the total cost including room, board and other expenses averaged $37,940; 49% of students received need-based grant money. The average award was $18,161. More disturbing from our point of view is that 40% of those in college do not qualify or belong there.
Eight Cape Cod, MA companies sued the US government and a state labor agency in an effort to increase the number of visas granted for temporary foreign workers to more than 100,000 this year from 66,000 in 2003. The claim is government unfairly prevented businesses from obtaining the visas they need to increase their staffs during the spring and summer season. Business is crying because they cannot get slave labor to increase their profits. These foreign workers suppress the wages of all American workers. Business should increase wages and they will have no trouble getting domestic workers.
Consumer prices rose in the first four months of the year at a 4.4% annual rate, compared with a 3% gain last year. Core prices that exclude food and energy increased 3% versus 0.9% in 2003. As a result five and ten-year US Treasuries have produced a loss of 5.6% over the last seven weeks. The difference in yield between the current 10-year note and the 10-year TIPS, has widened to 2.74%, the biggest gap since the US started selling TIPS in 1997. The low gap was 2.15% on 1/15/03. The five-year average is 1.89%. The Fed's overnight bank lending rate is the lowest since July 1958. Much more inflation is on the way.
From a top administration official:"We assume an attack will happen leading up to the election and it will happen in Washington. An attack in Washington and in other major cities." This confirms our very controversial prediction and position of several months ago that if Bush looks as if he may lose the election, we will have terrorist attacks.
The diversions have been in place to mislead the public - drawing them away from the real problem, the US and world economies. That is what 9/11; Afghanistan and Iraq are really all about. Now that finance and economics are interconnected, country-to-country, the financial chaos can be shared with the rest of the world. Shortly official US interest rates will rise and the collapse gets underway. Commodities, gold, silver and bonds have had steep corrections as of late. Interest rates on the 10-year Treasury note are up over 30%. Consequently, all debt paper interest rates have risen as much if not more. Were it not for the manipulation of the stock market it would most certainly be lower, but we are now experiencing the power of corporatist fascist government. This market power will weaken later this year. Rates will rise; bonds, the market and real estate will fall. Of course, gold and silver will rise.
The Supreme Court will rule in June on whether to allow Mexican trucks full access to American highways by overturning a ruling from the 9th Circuit Court of Appeals in California. This was supposed to be accomplished nine years ago. Yes, many Mexican trucks are unsafe and carry drugs and yes, some need pollution equipment upgraded. The real reason is trucking competition with US carriers. Many of the trucks on the border with the US from Mexico are very dirty, but so are US freight hauler vehicles. The result is major border contamination. The drugs of the Mexican trucking fleet crossing the border have higher inspection failure rates, 37%, then US trucks, 24%. Otay Mesa, near San Diego, which we have used hundreds of times, is a major entry point for Mexican trucks into California. With a state-of-the-art border inspection station, the failure rate for Mexican trucks was 22%, slightly better than the 24% for US trucks. Safety, jobs, money and US unions are really the issue. US regulatory rules and regulations are a pretext to protect American interests. We signed the treaty and now we do not want to live up to it after we virtually destroyed Mexican agriculture. NAFTA has been a failure and should be ended.
It looks like Alan Greenspan has decided to try to be the longest-serving Chairman of the Fed. Bubbles, as he is known among his elitist friends, will surely be the most famous bureaucrat since Pontius Pilate, who also loyally served another fascist government, Imperial Rome.
If Sir Alan lives, he will go down in history as the man who destroyed not only the US, but also the world economy. The appointment also means that interest rates will be raised in August at the earliest and maybe not until after the election. As we told you before, cover your shorts the elitist with the help of Sir Alan will attempt to take the Dow to 14,000.
Under the cover of that move the conspiracy could care less if gold goes over $500. That is the way it is going to be, because all our markets are rigged.
Last week Freddie Macs 30-year fixed loans were 6.30%, down from 6.34% the previous week. Arms rose to 3.99% from 3.9%. Refinancing was off 17% and applications for home purchase loans dropped 8%. The application index is down 56% from a year ago. Refinancing has fallen to 37.4% of total applications, up from 34.8% a week ago.
If ratified by the US Senate, the proposed new extradition treaty between the US and Britain will strip Americans of the protection of the US Constitution and the Bill of Rights and rob them of their liberties.
The treaty would be retroactive in application and will also eliminate any statute of limitations. The treaty supposedly deals with combating terrorism, organized crime, money laundering. Buried deep inside is language that would strip Americans of all their rights. Some of the language includes, such items and assets may be surrendered even if the extradition cannot be carried out due to death. They can extradite if the request is for political reasons and even if no federal law has been violated. You can be provisionally arrested and detained for 60 days upon request by the UK. Those requested by the UK for extradition would get no judicial review. Our President would make the final decision.
Although no> crime has been committed and no charges bought, the assets of the so-called offender could be seized at the direction of the British for their benefit. How's that for a fascist police state? Two-thirds of the Senate must ratify the treaty. It does not go to the House; it goes directly to the President. It is suspected that the real target of the treaty is the Irish-American community. Anyone, under the treaty who is critical of Britain, or the Royal Family, as we are all the time, could be extradited and or prosecuted. The British make the request one day and you are on the plane to London the following day. You would be picked up by British security forces and be designated for torture similar to that used in Iraq. This subverts and destroys the meaning of the American Revolution.
Never before in monetary and fiscal history has a government been more responsible with its citizen's money and never before has the> Federal Reserve done more to undermine our standard of living and steal our wealth via inflation, and lie about it. This increased government and private action in the economy is known as corporatist fascism. It is manipulation of all markets as tools of economic warfare against American citizens. We now need some $1.8 to $2 billion dollars a day to be loaned to us by foreigners, mostly foreign central banks. Globalization has brought us cheaper prices for goods, particularly from China, but this is a cover for the outsourcing of industries and jobs from every sector of the American economy, that can only end up in the entire destruction of the economy. The entire structure of America is being changed to turn it into a second world country. Cheap prices and excessive credit expansion has not and will not create new investment and permanent wealth. The created capital is going into financial assets that contribute very little to American growth. This monetary policy will next create wage inflation, which in turn will accelerate inflation, which is already 9.5%, not the 3.5% the Fed would have us believe. As prices move higher, wages have to move higher. If for some reason they do not move higher, then inflation would reverse and we would have deflation. Sir Greenspan cannot have that, so look for large wage increases over the coming months. England, which usually mirrors what will happen to us by six months to a year, just saw wages increase 5.4%. Be patient those higher wages are on the way to further feed inflation. Watch the UK economy. That is one of the reasons we report on it. As soon as the increase in wages ends, then reflation will end. In England, that is six months to a year away. In the US, it is a year to two years away. Simultaneously interest rates will rise, putting downward pressure on those artificially puffed-up financial assets.
Thus, next year you will have rising inflation and falling prices, truly the worst of all worlds, because inflation will soar. In 2005 and 2006, finally Sir Alan Greenspan will watch the trap close. There will be no monetary escape and deflation will begin in a way not seen for centuries.
At that point, the Fed would monetize debt by buying, as the buyer of last resort, massive amounts of US Treasury paper. Once the Fed has exhausted itself, then default would come and the world would enter a period of monetary darkness and the world financial system will collapse.
In order to find an easy way to fire employees, companies are checking personal e-mail accounts to see if employees are accessing them during work hours. If they are they are gone.
Due to offshoring and lower vehicle sales, major auto manufacturers are forcing contract houses to take a near 50% cut in billing rates or lose the business. New year will be a disastrous year for auto producers. No matter what happens in Iraq, the Bush neocon cabal in Washington will not let go of control of Iraq oil revenues. A condition for a sovereign Iraq government is US and UK control of those revenues.
Those revenues will exceed $16 billion this year and UN Security Resolution 1483 passed last year, gives the US total control of the money from oil sales, which is the only source of income for the country. The money goes into the Development Fund for Iraq, which is currently run by US pro-council Paul Bremer's CPA, Coalition Provisional Authority. All but one member are foreigners. The elitists will loot this fund of billions of dollars for years to come. Even the oil-for-food racket, where it has been exposed that billions have been stolen, is still in operation and the looting is still going on. The $1.8 billion taken from the fallen dictator Hussein now resides in the Federal Reserve Bank in NYC, ostensibly to be looted by the elitists. All these funds are earmarked for the Iraqi people, but we can promise you a good part of them will be stolen. The total of funds on deposit now is about $7.3 billion and no one knows where any of the funds are going because it is a secret, like so many things in our fascist government. We could guess a major portion of the funds are being disbursed to CFR elitists companies, such as Halliburton, Bechtel and other"contract mercenary companies", part of which will flow to the men running the show. What is worse is Congress knows exactly what is going on and does nothing to stop it. That may in part be because the CPA has been exempted from any investigation by the Government Accounting Office or any requirement to appoint an inspector general, as mandated for all government agencies by law. In Iraq, American personal have been stealing, taking bribes and using extortion on the Iraqi people as well as torturing them. Some of our military, mercenaries, bureaucrats and elitists are undoing in a few short years the good will and fair-handedness America had built up over the past 225 years. We have become another scummy nation.
The Bush neocons ordered inactive reservists to report for active duty again and the resistance was so great they rescinded the order. What the Pentagon is doing is screening inactive reservists for possible call-up. They could be called up involuntarily for as long as 4 years. As a result, soldiers are joining guard and reserve units to avoid call-ups. Of course, Congress knew nothing of the plan, because the imperial White House operates in secrecy. The screening process is almost complete and 22,000 medics, truck drivers, and heavy equipment operators have been identified for call-up. Commitments by the White House for on-going conflict has put tremendous pressure on the Army and to some extent the Marines and have stressed them out completely. The inactive military are being told by recruiters that they should join the guard rather than be sent overseas if re-inducted. Young people are being told that very bad things would happen if they did not join the guard. We have news for all of them. As long as George W. Bush and the neocons run Washington we will have war, they will be deployed into the Middle East and their will be a draft for both girls and boys.
Yes, we were right again and we are not going to gloat over someone else's misfortune even if they are evil. The Lord takes care of retribution for us. A Delaware judge ordered disgraced elitist newspaper baron Lord Conrad Black and the holding company he controls to pay back $30 million. We beg forgiveness for being off by $2 million. A recently amended lawsuit is being filed by Hollinger International, which accuses Black and other former executives of violating Rico statues, and is seeking to recover $1.25 billion. How could we have missed that? It just goes to show you, we are not perfect. I hope that in the end Lord Black and his ilk will be put permanently out of commission in the business world. Now we need to catch more of these white-color thugs.
There are few tax breaks for America's poor. Those making under> $40,000 a year. Yet, Congress is considering a bill to provide tax breaks for families earning as much as $309,000 a year. It is part of the House tax-cutting spree that could add $500 billion to the deficit over the next ten years. The House would not only make permanent the $1,000 per-child tax credit enacted as part of the 2001 tax cut, but would dramatically increase the income limits for eligibility; currently, married couples with incomes of up to $110,000 receive full credit. The bill would increase that to $250,000. Families with two children would go to $289,000 and with three children $309,000. This is unnecessary, misguided and irresponsible by Congress, which is emulating Mr. Bush who gets away with everything. The Republicans propose these insane measures and the Democrats act as if they were frozen in the headlights in the dead of night. For families earning less than $10,750 the House will give nothing.
A two-child family making $150,000 to $250,000 get a $22,000 extra tax break. Someone has to show us how that is fair.
It won't be long before higher gasoline prices change people's driving habits. Due to environmental considerations, refining capacity has> fallen 50% over the past twenty years. The forces in Iraq are eating US gasoline at an astounding rate while our government buys large quantities of oil to fill the strategic reserve.
Word reaches us that the Oil-for-Food Program in Iraq has been looted for years. Congress was hoodwinked and the Bush neocons, elitists all, refuse to expose it for fear it would destroy the UN. The embezzled figure is now over $10 billion. What was used was tainted food and outdated medicines. The report on the larceny and kickbacks is phenomenal.
The major players were Kofi Annan and his son Kajo and Benon Sevan, Executive Director of the program.
It has been revealed that Matrix, a database contractor, gave US and Florida authorities the names of 120,000 people who showed statistical likelihood of being terrorists, sparking some investigations and arrests.
Seisint has been appointed sale contractor on the federally funded $12 million project. Matrix is, Multistate Anti-Terrorism Information Exchange, which combines state records and data culled by Seisint to give investigators fast access to information on crime and terrorism suspects.
It casts a wide net that includes just about everyone, violating their Civil Rights. A number of states in the program have withdrawn for this reason. Matrix has four billion records. Law enforcement says the system has been scrapped, but because of the perpetual lying, that comes out of government, we wonder if in fact it has been dumped.
Key legal decisions made in the aftermath of 9/11, included a declaration not to grant any al Qaeda and Taliban fighters prisoner of war status under the Geneva Convention and this laid the groundwork for the interrogation abuses that have recently been revealed in the Abu Ghraib prison in Iraq. Internal memos from the White House show that administration lawyers were privately concerned that they could be tried for war crimes themselves based on the actions the administration was taking, and might have to take in the future to combat the terrorist threat. We believe that there is a good chance of war crimes trials if the administration pulls another terrorist event, and declares Martial Law.
The Executive and Congress cannot get away with dictatorial government in America. There are 450 million guns in the country and government would force endless insurgent warfare for years, just as we now are witnessing in Iraq. Eventually a dictatorial government would fall and all the people you now see running the wars would be executed.
As former military, we know that allowing patterns of abuse and torture to metastasize in any army annihilates its morale and effectiveness. Most people are decent human beings and engaging in such activities destroys the morality of what they are directed to do.
These men, like us, hold abusers and torturers in contempt. What is going on is in direct conflict with the engrained standards and traditions of the US Army. It starkly shows what monsters George W. Bush and his neocons really are. They have allowed a descent into barbarism. All decent people recoil in disgust in such a method of conducting warfare. In and of itself warfare is a horrible experience, abuse and torture just magnifies everyone's suffering.
Convicted criminal and number one Bush neocon-man in Iraq, Ahmad> Chalabi, has lost his elitist funding, Chalabi's Iraq National Congress has lost its $340,000 a month funding from our tax dollars. We also know that the CIA had been secretly funding Mr. Chalabi, even though his group never supplied anything of value. Every intelligence report the INC produced was worthless.
The House and Senate have agreed on a $2.4 trillion 2005 budget plan, which may well not pass in the Senate, because of the one-year extension of tax cuts. Even if passed in 2006, pay-as-you-go-rules would be reimposed. If not passed, taxes would rise. Simultaneously a request for a $25 billion war slush fund is being debated. The proposed budget plan if passed would cost $689.9 billion and would mean, as we predicted, that the current $7.38 trillion limit would be reached in September. We expect before the election that Congress will have to increase the debt limit to $8.5 to $9.0 trillion. There is absolutely no fiscal control left in Washington. It is a government gone mad.
America certainly loves living beyond its means, but late this year that Cinderella existence will come to an end. The free lunch will soon be over. All illusions eventually end.
Stock analysts, regardless of experience, will be tested by next April. How can you test a person who has been analyzing for 20 to 45 years and tell him he is out of a job because he did not pass a test.
Series 86, tests basic tools of the trade and Series 87 focus on regulations and conflicts-of-interest disclosure. This is truly ridiculous.
It has now been reported the Bush neocons man in Iraq, Ahmed Chalabi is suspected of spying for Iran on US troop positions and of kidnapping a prominent physician from his home. Every time we see media coverage on Chalabi, they always fail to mention he is a convicted bank embezzler. For months there have been complaints of INC members impersonating police officers, breaking into homes and carrying out robberies. Four INC officials have been arrested on robbery charges.
Some time before September, you might consider going long the Australian dollar versus the US dollar. The December 74-cent Australian dollar calls (ADZ4C740) can be purchased for $750 or lower. If filled, your risk is $750 and your potential profit at 7950 is $4,750. This is a VERY dangerous trade, but for those who understand the risks it could be a good one.
In the new world order, biochips will be the order of the day. Put beneath your skin they cannot be stolen. They can access ATM's, pay bills, sign contracts, verify your identity and locate your lost or kidnapped children. Satellites can locate you anywhere in the world. If you say anything critical of the government your chip won't function and you and your family will go bankrupt and starve to death.
Even if the Fed raises interest rates they still are responsible for a continuing expansion of aggregates, directly and indirectly, of over $1 trillion a year. Inflation is 9.5% and is guaranteed to be 12% plus by the election. From 1973 to 1981, the Fed raised rates, but it was too late, like it is too late now, too much money was in the system and this time it is still pouring in. In the meantime, the fiat un-backed dollar is being destroyed. Even though the dollar and the stock market has rallied in six months they will be headed down again. That brings us to the antithesis of the fiat dollar, the only real money in the world, gold. The US stock market is valued at $13 trillion, the bond market at $22 trillion and the world markets at about $100 trillion. The value of all the gold shares in the world is $200 billion, which is smaller than a number of separate US companies, such as GE. That means there is a lot of money in investments that could easily go into gold shares. Higher interest rates won't help unless they are exceedingly higher, and inflation at current or higher levels will last a minimum of 1 1/2 years.
The Defense Department, Mr. Donald Rumsfeld, has proposed using US Internal Revenue Service data to trace down reservists with which they have lost contact. Our President, of course, is anxious to approve the amendment to the tax code to legalize the practice. Troops are obligated to keep the military informed with update contact information, but 34% of former soldiers cannot be tracked.
Arizona has 67,000 gun owners legally carrying concealed weapons.
Typically they are white middle-aged, 20% are female and 52 pistol-packing women are over 80. In Maricopa County one of every 56 people are packing.
One in every 82 Arizonans can legally carry a concealed weapon, 99% of permit holders are white, including Hispanics, 13,500 women have permits, and 25% of holders are 50-59 years old. An armed citizenry is a free citizenry.
Mr. Bush and his neocons have violated two federal laws through part of its publicity campaign to promote changes in Medicare intended to help older Americans afford prescription drugs. Federal money was spent covertly to produce propaganda videos about Medicare charges that were made to look like reports. The device was designed to provide less help to Medicare patients and help pharmaceutical and managed-care companies. This is another example of misrepresentation, deceit and more violations of the law.
Junk bond funds saw an outflow of almost $1 billion last week, following $2 billion the previous week. GM and Ford were among this months' worst performers; GM dropped 7.4% in May, the worst return of 3,749 bonds.
M3 added $3.2 billion. Year-to-date, 19 weeks, broad money is up $353.1 billion or 11% annualized.
ABS issuance was strong, $16 billion with year-to-date issuance of $216 billion, running 28% ahead of comparable 2003. Home equity ABS issuance is running up 72% from a year ago to $122 billion.
Total credit expanded $4.0 billion to $6.52 trillion as of 5/12/04.
Bank credit is up $274 billion during the 19 weeks of the year, or 12%annualized. Real estate loans were up $163.0 billion, or 20.1% annualized.
Commercial paper jumped $10.8 billion to $1.346 trillion, the highest level since early last August. YTD commercial paper is up $77.9 billion or 15.9% annualized.
Fed foreign custody holdings of Treasury and agency debt rose $7.0 billion to $1.20 trillion. YTD Custody Holdings are up $133.0 billion, or 32.4% annualized.
Well, the Bush girls are graduating from college, Barbara from Yale and Jenna from the University of Texas at Austin. Barbara has a degree in humanities and Jenna in English. Except for one incident, the 22-year-old sisters have stayed out of the limelight. Barbara lived on the same residential college, Davenport College, as her father. Yale divides each class among 12 residential colleges, each with its own dorms, dining halls, sports activities and coats of arms. Davenport's coat is three crosses and a chevron in black on a white shield. Like their mother, the twins joined the Kappa Alpha Theta Sorority. Barbara being most like her father was one of the 13 anointed to be accepted into the Satanic Skull & bones Order of the Illuminati. This secret society for Yale seniors previously has had as members, Barbara's great-grandfather, grandfather and father. Both children plan to get jobs via their father's friends with Council on Foreign relations and attend graduate school. Barbara has a summer job at a fashion house and Jenna at a public relations firm.
They are both prime for our new selective service draft scheduled to be implemented next year. It will be interesting to see if they will be drafted and join our boys and girls in the Middle East.
Forecasting the financial and economic future is not going to be simple. Changes take place at the speed of light and if you cannot figure out what the enemy is going to do before he does it, you are going to be wrong and a loser. This is the art of psycopolitcal warfare, psywar, if you may. We will have to get inside the elitist heads so we can make the right moves and few people are equipped to do this. This is why we have worked long beyond retirement to bring you the benefit of our knowledge and hopefully we will continue to be correct. Make no mistake a crash landing is guaranteed for America in finance, economics and socially and politically. There is no way out. Global central banks are madly inflating trying to stave off deflation and depression and they are guaranteed to fail. We are sure because history tells us so. Every time a nation has tried to inflate their way out of deflation, they have lost and so will Sir Alan Greenspan. Sir Alan has been successful over the past couple of years in exporting his credit bubble worldwide. Unfortunately, today most economists worldwide have very little experience or have studied the history of credit booms and that is because"it could never happen here again." CPI, PPI, GDP unemployment etc. are the figment of some bureaucrat's imagination in Washington. It has gotten so that our government never tells us the truth. These economists, whose claim to fame is that they are correct-one-third of the time, don't have a clue to what is really going on. Nothing happens by chance, there are no coincidences, and all markets are rigged. Free trade and globalization didn't just happen. They were planned to take place. They were planned to destroy the US economy, as we have known it, so that Americans would be forced to accept world government. The underlying structure of our economy is being deliberately destroyed. All the money and credit being poured into the economy by government deficit spending and by aggregate creation by the Fed is going into financial assets. It is not being used to build and grow the American economy. Goods and services inflation was suppressed by manufacturing offshore and outsourcing and this allowed the promotion of asset price inflation to create a synthesis of growth, but the program had to be taken too far and now inflation at 9.5% is out of control. It will stay that way until the Fed closes the money spigots. Today, credit is packaged into asset-based marketable securities, such as real estate mortgage loans guaranteed by Fannie Mae and Freddie Mac, which we believe will eventually succumb. Remember, Sir Alan Greenspan has told us he will inflate as long and as much as he thinks is necessary to stop deflation.
One of his henchmen, Ben Bernake, even said he was prepared to drop money out of helicopters. What a group of charlatans. In addition, dollar purchases and global liquidity creation orchestrated by the Asian central banks over the past year, at the behest of the Fed, has been unprecedented. This has caused international investors to sell and avoid dollar denominated assets. Foreign central banks are feasting on our Treasury and agency paper, because few other sane investors will touch them. Our over $500 billion current account deficit and our budget deficit grow every minute of the day even with a cheap dollar. Over the past two years in global financial markets, speculative leveraging has been unprecedented, but higher interest rates are now causing deleveraging and that is what has given us a dollar rally. Whether you noticed it or not, the global financial system is at the beginning of the beginning of structural failure. The dollar is on its way to an end as the world's reserve currency. The dollar will soon lose its place as king of currencies and will be replaced by gold. As interest rates rise it will be all she wrote as interest rates rocket upward. There is no question the Fed will continue to accommodate until hyperinflation gets out of hand.
This will be accompanied by deleveraging, higher interest rates and major derivative adjustments. This will also be accompanied by deleveraging in the housing market and higher energy prices. Rising prices will beget higher prices. Higher interest rates will stem home equity loans, which are already down to 34% of mortgage executions from 77% at their zenith.
That cuts $100 to $150 billion a year from entering our economy.
The punch bowl needs to be removed but the Fed won't do that, this is an election year and as interest rates rise the economy will grind to a halt.
The Fed knows inflation is already 9 1/2%, but they will inflate anyway, they have too. There will be a flight of liquidity to non-dollar assets and gold, deleveraging will guarantee that. Thus, you have where we think things are going. The future will be difficult and America is not prepared to meet the challenge.
Evidently, George W. Bush and the neocons do not believe that they have accomplished enough deficit spending, so now our President has proposed a Millennium Challenge Account, which would channel $5 billion a year to poor countries, a sum that would reflect a 50% expansion in existing aid programs. If we did not know George was a fascist, we would mistake him for a Socialist. The short list of countries to get aid would be countries with sound policies, which is a euphemism for political payoffs.
A group of Christian activists is in the beginning stages of an effort to have South Carolina secede from the US to become its own sovereign state."Our Christian republic has declined into a pagan democracy," says Christian Exodus.org in Tyler, Texas. The plan calls for 12,000 Christians willing to be active in political campaigns to move to the Palmetto State. The way things are going in America anything is worth trying.
The Fed's admission that they will raise interest rates in the future has no real significance. Any professional knows that was inevitable. What pros are doing is deluding themselves that the effects of higher rates will be inconsequential. They are wrong; the shock to the economy will be huge. Already investment-grade companies have to pay investors 96 basis points more than Treasury yields, the highest in 5 months. The rate on the 30-year fixed mortgage is 6.30%; up from 5.4% and these premiums and rate increases are not going to disappear. The longer the Fed delays action for political reasons, the higher the premium band rates will climb. Five and ten-year Treasuries are already off 5%, the biggest quarterly loss since 1986. The treasury - TIPS spread is 2.75%, up from 2.15% in January. That is why we recommended TIPS long ago for those who had to remain in cash. The average spread over the past 5 years was 1.89%. Annualized inflation is 4.4% so even with TIPS you do not keep up with the official inflation rate, which is a lie. Billions of dollars are being lost every day because our government refuses to tell the truth. We believe that by the end of 2005, and in early 2006, the Fed rates now at 1% will be 5%. That would put 30-year mortgage rates at 9 1/2% and the 10-year Treasury at 8 1/2%. Those holding ARMS will be crushed.
Now that mortgage rates are up almost a point, homeowners are having a hard time using their homes as ATM machines. As a result, companies are offering loans that allow borrowers to skip a payment while those that require only interest payments are in vogue.
Needless to say, Fannie Mae backs this type of loan in a pilot program called, Payment Power. If you have paid your mortgage for three months, you can skip 2 payments a year or 10 payments over the life of a 30-year loan. How's that for cooking the books? Interest only loans are pure speculative vehicles. America's lenders have a giant Ponzi scheme going and it will crash and when it does you had best be debt free.
Personal bankruptcies were 2.8% in the year ended 3/31/04 in spite of an economic recovery. All you debtors who have maxed your credit cards out and plan on going bankrupt, remember the House has passed legislation that will lead you to debtors' prison. They have made it almost impossible to erase credit card and other debts in bankruptcy court. That legislation zipped through our purchased House of Representatives. It now awaits Senate approval and, of course, has a strong endorsement from George W. Bush and the neocons. This legislation when passed after the election could eventually cause a revolution on its own. Bankers' greed knows no bounds. Wait until housing prices drop 30% to 50%. The Fed cannot keep the money and credit flowing forever not with inflation at 9 1/2% or better.
Thompson Financial tells us executives sold $14.4 billion worth of company stock in the first four months of the year, compared to $4 billion in the same period last year. Never have so many insiders made so much money.
We think we will see a remake of 1994 in the financial markets, only this time the time frame will be slightly different. Rates will rise and Sir Alan will continue to pump credit and money into the economy.
The elitists have always avoided catastrophe by whatever it took inflation-wise to bail themselves out. Otherwise, the fortitude or courage does not exist to purge the system. That is unless this is the end of the line and they are going to go for world government. We believe it is the latter. Why else would they allow the horror of monstrous amounts of debt imploding? There has been no effort by the Fed to reign in excess consumption and debt formation. It is still being encouraged. Thus, we believe this could be the grand finale. We also do not think interest rates will be raised by the Fed in June, probably in August and maybe in late November. That is why the stock market will stage another rally, inflation will get much worse and gold and silver will rise. We believe the re-nomination of Sir Alan Greenspan was part of this. We will re-nominate you if you pump the economy up until November. This is also probably why M3 has blasted off again over the past two weeks. This could also be the result of the exhaustion of the recent massive fiscal stimulus provided by mortgage refinancing, tax rebates and accelerated depreciation. This is also why the DOW will take off late in June and challenge 11,780 and in all probability breakout to 14,000 sucking the public in again. Then within five months, it could fall to 7,268.
Every other day the Fed drags out one of their numbers to let us know what little inflation we have and why interest rates do not need to rise. Last Wednesday it was Fed Governor Broaddus, who got the duty. His words of wisdom, which we call lies, is that"the Fed will not have to raise rates as aggressively as it did in 1994 because in 1994 we had not yet established the full credibility for our low inflation strategy that I believe we have today." The governor lives in a world of unreality, if he believes that and of course, he does not, he is lying. This is the continued arrogance and contempt, in which these elitists hold us.
They believe we are stupid and that we will believe anything. The Fed knows inflation is 9-1/2% but they feel it is their duty to lie about it.
They know after the election interest rates will rise 4%. The Fed is nine months to a year behind the curve and that is deliberate.
The man that said,"God wants me to be President," George W. Bush, was the pervert who gave the final approval to formulate our prison agenda in Iraq. Systematic abuse, torture and rape are part of the neocons formulation for power. If these pukes are reelected your daughters and wives are next. This is Bush's latest mission accomplished. Next, we will be told he speaks to God, as his Messianism knows no limits. We think of this as we look at naked, abused, tortured and raped women who are now pregnant by the beasts under orders from Mr. Bush. Every woman in prison was raped hundreds of times. This needless war for profit has unleashed the very foulest dregs of our society. What we have, as a result, is chaos in tribal and religious dimensions. We are going to have to win Iraq street-by-street and house-by-house and we will lose many of our loved ones. That is why both Bush and the neocons and Democrats are working behind the scenes to assure a majority vote for a new selective service draft so your children and grandchildren cannot only die but be rape, abuse and torture participants. We are not liberators; we are invaders and occupiers. The war is costing $350 billion a year and 36% of the world's military expenses. Yes, with much money and hundreds of thousands of troops we are subjugating a people, and we get to pay for it as Mr.
Bush's cronies steal billions of dollars. Now there is panic in Washington. Iraq could get worse and Mr. Bush could lose the election. We are told by General Abizaed, that violence would increase after the 6/30/04 handover and that the Iraqis won't be ready to assume responsibility for security until April 2005. Who will assume command of Iraq? It will not be the criminal Ahmad Chalabi, he has been purged. Yes, the inner illuminist circle, or should we say pentagon, is running around like the keystone cops. The tragedy is so many people are dying. The economy is on steroids and even the feeble of mind are aware of it. The employment figures are still lies. The Ohio Steel Plant Bush touted as a model last year is closing and 1,300 more will be fired in a state, which 170,000 have lost jobs in the manufacturing sector that ended up in China. Another sacrifice to free trade and globalization as our country heads down the drain.
Unfortunately, the Democrat alternative is not any better. We are voting for a third party candidate.
Lack of jobs in Mexico and the possibility of becoming American citizens offered by George W. Bush have poor Mexicans dying in record numbers as they try to cross the border into the US. Sixty-one of these poor souls have died in the Arizona border region since October 1; triple the number of the previous year. All because our President does not have our border adequately protected and because he entices them to come here to garner Latino votes. Last year 154 deaths occurred in the Tucson and Yuma sector. Who out there would attempt to cross the Sonora desert between Yuma and Nogales in 130-degree temperatures? In just five months apprehensions in the desert south of Tucson

-->

-->

-->

-->Mit hinter dem Mond meintest du wohl dich nd jadu hast Recht.
Die Amis suchen nur noch dieMöglichkeit ohne Gesichtsverlstaus der Sache rauszukommen. Darum auch die vielen Zugeständnisse in alle Richtungen.
Bush dachtewie du auch er hätte gewonnen, er wuste nur nicht wie r es seinen gegnern beibringen sollte

Ja manche Leute leben wirklich hinter den Mond

-->Sorry Tastatur mal wieder Batterie alle

>Mit hinter dem Mond meintest du wohl dich und ja du hast Recht.
>Die Amis suchen nur noch die Möglichkeit ohne Gesichtsverlust aus der Sache rauszukommen. Darum auch die vielen Zugeständnisse in alle Richtungen.
>Bush dachte wie du auch er hätte gewonnen, er wusste nur nicht wie er es seinen Gegnern beibringen sollte
>Ja manche Leute leben wirklich hinter den Mond

-->Avoid these manufacturers at all costs. In the fall, short them because they will get crushed. Some will not make it. Alan Greenspan has done the unforgivable and we will get to pay for his actions in behalf of his elitist masters.

Ein paar Autohersteller werden das nicht überleben, also shorten. Greeny hat das unverzeihliche getan und wir werden dafür bezahlen müssen, dass er nur die Intressen seiner elitären Meister im Auge hatte.

The average computer programmer in India earns roughly $10.00 an hour, compared to more than $60.00 per hour for the average American computer programmer. Keep up off shoring corporate America and you soon will not have anyone in the US to sell to.

Ein Programmierer in Indien verdient 10$ die Stunde, der amerikanische 60$. Source alles aus und du hast niemanden in Amerika, an den du irgendetwas verkaufen kannst.

Almost two-thirds of 1.6 million civilian full-time employees of our government received merit bonuses or special time-off awards in fiscal 2002. They ranged from less than $100 to over $25,000. 2,900 received bonuses of more than $10,000 each. Civil service specialist said the proliferation of bonuses reinforces a common belief that many federal workers are rewarded for little more than showing up. We call this buying votes. The National Science Foundation, DOC and CSA gave bonuses to more than 90% of their workers.
American Express is under investigation for fraud by not disclosing certain revenue sharing arrangements with mutual fund clients.
Federal and state prosecutors are investigating Charles Schwab for fraud and market timing and late trading of mutual funds.

2/3 aller 1,6 Mio zivilen Vollzeitbeschäftigten bekamen Boni oder Freizeit im Jahr 2002, das reichte von weiger als 100$ bis über 25Tsd $. Wir nennen das Wählerstimmen kaufen. The National Science Foundation, DOC und CSA zahlten Boni an mehr als 90% der Beschäftigten. Gegen Amex läuft eine Untersuchung/Ermittlung, weil einige Umsatzbeteiligungsarrangements nicht bekanntgegeben haben (mit Fondgesellschaften) und Staatsanwälte ermitteln gegen Charles Schwab wegen Betrug, Market timing und late trading.

The California Senate approved legislation by a 36-2 vote and sent it to the assembly to warn consumers when spyware was added to their computers when they buy software. These programs track what web sites you visit, may steal your passwords, access your financial information, log your keystrokes, bombard you with pop-ups, track your purchases and remotely report your activity and personal information to a third party, which includes our government. Maybe this will get our purchased Congress to act.

Der kalifornische Senat warnt die Konsumenten, dass Spyware auf ihre Rechner installiert wird, wenn sie Software kaufen. Diese speichert das Surfverhalten, kann Passwörter stehlen, loggt Tastatureingaben mit und schaut sich Finanzinfos über die Leute an, verfolgt das Onlinekaufverhalten und gibt diese Informationen an dritte weiter, inklusive der Regierung.

Saudi Arabia, a subject nation of the US and UK, has pushed for higher oil production as a result of pressure from governments and international elitist corporations. As Hugo Chavez, Venezuela's president has said,"In my opinion it would be a very bad message for OPEC to give into pressures and then increase production. No, OPEC should say to the big consumers, let's sit down at the table and let us talk about the causes in the increase in prices." Of course, the major users have no intention of doing that.

Die Saudis, Handlanger der US und UK-Regierungen, haben angetrieben, die Ã-lproduktion auszuweiten. Chavez meinte: Das ist eine schlechte Nachricht für die OPEC dem Druck nachzugeben und die Produktion hochzufahren. Nein, die OPEC sollte zu den großen Verbrauchern sagen, lass uns an einen Tisch setzen und über die Gründe der Preiserhöhungen reden. Aber daran haben die Verbraucher (USA etc.) kein Intresse.

The MBA says weekly mortgage activity for the week ended 5/14/04 fell 11.9% to 654.1 from 742.2 the previous week; 30-year fixed mortgage rates fell 11 basis points to 6.21% and they are still up 104 BP from last year. The MBA purchase index, a gauge of new loan requests for home purchases, fell by 8.1% to 454.2 after hitting its second highest level at 494.3 the previous week. The high was 501.6 on 1/16/04. The refinancing index fell by 16.8% to 1,816.9 from the previous week's 2,184.6, the lowest since January when it was 1,755.4.

Die Zahlen (über Kaufkomponenten und Immoindexe) hat Cosa ja alle ausreichend dargestellt, Essenz: Auch da wirds langsam tricky.

The aggregate number of jobs sent overseas to-date will pass 500,000 this year and reach one million by 2006. Most are being farmed out by Fortune 1,000 companies contrary to public belief. US transnational just do not want the public to get the facts on how they are destroying America. In just the next 1-1/2 years management will lose 42,000 jobs; business 120,000; computing 203,000; architecture 54,000; life sciences 5,500; legal 23,000; sales 47,000 and office 475,000 for a total of 963,500 jobs and that is only with Fortune 1,000 companies. The economic destruction of America goes on unabated.

Die Jobs, die nach Übersee gehen, werden dieses Jahr 500000 übersteigen und etwa 1 Mio nächstes Jahr. Größtenteils durch die 1000 wichtigsten US-Firmen entgegengesetzt zum öffentlichen Glauben. Die transnationalen US-Firmen wollen nicht, dass die Ã-ffentlichkeit erfährt, wie sie Amerika zerstören, etwa 963500 Jobs gehen allein durch die 1000 wichtigsten US-Firmen über den Jordan.

Tuition at 15 well-regarded colleges is about to rise again next fall far above the so-called inflation rate. Stanford will increase 4.5% to 11.1% for out-of-state students at the University of Washington. The average is 5.5%. This is a reflection of higher medical costs, salaries, student aid, and prestige - the more expensive the better it is. In 2003, 50% of all undergraduates received some grant aid that never needs to be repaid. Sixty percent receive some sort of financial aid. In 31 elite schools the total cost including room, board and other expenses averaged $37,940; 49% of students received need-based grant money. The average award was $18,161. More disturbing from our point of view is that 40% of those in college do not qualify or belong there.

Das Schulgeld an 15 bekannten Colleges wird wieder erhöht weit über die sogenannte Infla-Rate. Stanford wird um 4,5-11,1% teurer für auswärtige Studenten an der Uni Washington. Der Durchnitt ist 5,5% (Aufschlag), reflektiert höhere Kosten f. med. Versorgung, Gehälter, Studentenhilfe (Stipendien) und Prestige, je höher die Kosten, desto besser. 50% aller Untergraduierten bekommen Finanzunterstützung, die nicht zurückgezahlt werden braucht, 60% bekommen Beihilfen in irgendeiner Form. In 31 Eliteschulen liegen die Durchschnittskosten bei 37940 Dollar im Jahr, 49% der Studenten benötigen Zuschuss (ca 18161$). Am meisten stört dabei, dass 40% davon nicht abschließen bzw. überhaupt dahin gehören.

Eight Cape Cod, MA companies sued the US government and a state labor agency in an effort to increase the number of visas granted for temporary foreign workers to more than 100,000 this year from 66,000 in 2003. The claim is government unfairly prevented businesses from obtaining the visas they need to increase their staffs during the spring and summer season. Business is crying because they cannot get slave labor to increase their profits. These foreign workers suppress the wages of all American workers. Business should increase wages and they will have no trouble getting domestic workers.

Die US-Regierung wurde angegangen, die Zahl der Visa für ausländische Zeitarbeiter in diesem Jahr auf über 100000 von 66000 2003 zu erhöhen. Das Bsiness heult rum, weil sie nicht genügend Sklavenarbeit zur Profitmaximierung bekommt. Das aber übt Druck auf die lokalen Löhne und Gehälter aus, sie sollen ordentl. zahlen, dann gibt es auch genug inländische Arbeiter.

Consumer prices rose in the first four months of the year at a 4.4% annual rate, compared with a 3% gain last year. Core prices that exclude food and energy increased 3% versus 0.9% in 2003. As a result five and ten-year US Treasuries have produced a loss of 5.6% over the last seven weeks. The difference in yield between the current 10-year note and the 10-year TIPS, has widened to 2.74%, the biggest gap since the US started selling TIPS in 1997. The low gap was 2.15% on 1/15/03. The five-year average is 1.89%. The Fed's overnight bank lending rate is the lowest since July 1958. Much more inflation is on the way.

CPI stieg in den ersten 4 Monaten auf 4,4% anualisiert, verglichen mit 3% letzes Jahr, Kernrate 3% vs. 0,9% 2003. Die Treasuries haben daraufhin einen Verlust von 5,6% produziert in den letzten 7 Wochen. Der Spread zwischen den 10J-Notes und den 10J-TIPS ist auf 2,74% gestiegen, größter Abstand seit TIPS-Start 1997. Geringster war 2,15% am 15.1.03-der Durchschnitt war 1,89% (verstehe ich nicht, wenn oben 2,74 und unten 2,15% wie dann Durchschnitt 1,89%?, oder ist jetzt die Durchschnittsverzinsung der letzten 5 J. gemeint?). Die FED overnight bank lending rate ist die geringste seit Juli 1958, viel mehr Inflation in der Pipeline.

From a top administration official:"We assume an attack will happen leading up to the election and it will happen in Washington. An attack in Washington and in other major cities." This confirms our very controversial prediction and position of several months ago that if Bush looks as if he may lose the election, we will have terrorist attacks.

Von einem Top Regierungsoffiziellen: Wir glauben, dass ein Anschlag stattfinden wird und zwar in Washington. In Washington und anderen großen Städten. Das stimmt mit unserer Vorhersage überein, dass es terroristische Anschläge geben wird, wenn es so aussieht, als würde Bush die Wahl verlieren.

The diversions have been in place to mislead the public - drawing them away from the real problem, the US and world economies. That is what 9/11; Afghanistan and Iraq are really all about. Now that finance and economics are interconnected, country-to-country, the financial chaos can be shared with the rest of the world. Shortly official US interest rates will rise and the collapse gets underway. Commodities, gold, silver and bonds have had steep corrections as of late. Interest rates on the 10-year Treasury note are up over 30%. Consequently, all debt paper interest rates have risen as much if not more. Were it not for the manipulation of the stock market it would most certainly be lower, but we are now experiencing the power of corporatist fascist government. This market power will weaken later this year. Rates will rise; bonds, the market and real estate will fall. Of course, gold and silver will rise.

Das alles (9/11, Afghanistan, Irak) dient der Irreleitung der Ã-ffentlichkeit und der Ablenkung vom Hauptproblem: der US- und der Weltwirtschaft. Nun, wo Finanzmärkte und Ã-konomien verbunden sind, kann das Finanzchaos mit der Welt geteilt werden. Binnen kurzen werden die US-Zinsen steigen und den Kollaps lostreten. Gold, Silber und Bonds hatten heftige Korrekturen. Die Verzinsung der 10J-Treasurienotes stieg um 30%, alle Zinsraten sind ebenso oder mehr gestiegen. Wäre es nicht zur Manipulation des Aktienmarktes, wäre es nicht so viel, aber wir spüren die Macht einer faschistischen Regierung (DAS KOMMT VOM AUTOR!, nicht dass ich demnächst Einreiseschwierigkeiten bekomme ;-)). Diese Marktmacht wird abnehmen im späteren Jahresverlauf (warum denn???). Die Zinsen werden steigen, Bonds, Aktien und Immos werden fallen. Sicher geht Gold und Silber rauf.

The Supreme Court will rule in June on whether to allow Mexican trucks full access to American highways by overturning a ruling from the 9th Circuit Court of Appeals in California. This was supposed to be accomplished nine years ago. Yes, many Mexican trucks are unsafe and carry drugs and yes, some need pollution equipment upgraded. The real reason is trucking competition with US carriers. Many of the trucks on the border with the US from Mexico are very dirty, but so are US freight hauler vehicles. The result is major border contamination. The drugs of the Mexican trucking fleet crossing the border have higher inspection failure rates, 37%, then US trucks, 24%. Otay Mesa, near San Diego, which we have used hundreds of times, is a major entry point for Mexican trucks into California. With a state-of-the-art border inspection station, the failure rate for Mexican trucks was 22%, slightly better than the 24% for US trucks. Safety, jobs, money and US unions are really the issue. US regulatory rules and regulations are a pretext to protect American interests. We signed the treaty and now we do not want to live up to it after we virtually destroyed Mexican agriculture. NAFTA has been a failure and should be ended.

Naja, böse mex. Trucks sollen in gelobte Land strömen dürfen (so plant die Regierung Erleichterungen dafür) und bringen Drogen und Unsicherheit (wie halt hier die Polen- und Russen-LKWs), blabla. NAFTA war ein Fehler und sollte beendet werden...

It looks like Alan Greenspan has decided to try to be the longest-serving Chairman of the Fed. Bubbles, as he is known among his elitist friends, will surely be the most famous bureaucrat since Pontius Pilate, who also loyally served another fascist government, Imperial Rome.
If Sir Alan lives, he will go down in history as the man who destroyed not only the US, but also the world economy. The appointment also means that interest rates will be raised in August at the earliest and maybe not until after the election. As we told you before, cover your shorts the elitist with the help of Sir Alan will attempt to take the Dow to 14,000.

Sieht so aus, als wolle Greeny der längstamtierendeFED-Chef werden. Bubbles, wie er unter seinen elitären Freunden bekannt ist, ist der famoseste Bürokrat seit Pontius Pilatus, welcher einem anderen fasch. Imperium diente-Rom. Wenn Alan lebt, wird er in die GeChichte als der Mann eigehen, der nicht nur die US-Wirschaft, sondern auch die Weltwirtschaft zerstörte. Die Zinserhöhung frühestens im August und dann nicht mehr bis nach der Wahl, also covert eure Shorts, Sir Alan wird den Dow auf 14000 treiben.

Under the cover of that move the conspiracy could care less if gold goes over $500. That is the way it is going to be, because all our markets are rigged.
Last week Freddie Macs 30-year fixed loans were 6.30%, down from 6.34% the previous week. Arms rose to 3.99% from 3.9%. Refinancing was off 17% and applications for home purchase loans dropped 8%. The application index is down 56% from a year ago. Refinancing has fallen to 37.4% of total applications, up from 34.8% a week ago.

Unter der Deckug dieses Zuges kann sich die Verschwörung nicht so sicher sein, falls Gold über die 500$ geht. Das ist der Weg, wies laufen wird, weil alle Märkte manipuliert sind. Letzte Woche waren FREs 30J Festzins von 6,34 auf 6,30% runter, ARMs gingen von 3,90 auf 3,99%. Rest siehe wieder Cosa, kann man auch ohne Englisch selbst rausziehen:-).

Rest heute nachmittag...

MfG
igelei

-->

-->If ratified by the US Senate, the proposed new extradition treaty between the US and Britain will strip Americans of the protection of the US Constitution and the Bill of Rights and rob them of their liberties.
The treaty would be retroactive in application and will also eliminate any statute of limitations. The treaty supposedly deals with combating terrorism, organized crime, money laundering. Buried deep inside is language that would strip Americans of all their rights. Some of the language includes, such items and assets may be surrendered even if the extradition cannot be carried out due to death. They can extradite if the request is for political reasons and even if no federal law has been violated. You can be provisionally arrested and detained for 60 days upon request by the UK. Those requested by the UK for extradition would get no judicial review. Our President would make the final decision.
Although no> crime has been committed and no charges bought, the assets of the so-called offender could be seized at the direction of the British for their benefit. How's that for a fascist police state? Two-thirds of the Senate must ratify the treaty. It does not go to the House; it goes directly to the President. It is suspected that the real target of the treaty is the Irish-American community. Anyone, under the treaty who is critical of Britain, or the Royal Family, as we are all the time, could be extradited and or prosecuted. The British make the request one day and you are on the plane to London the following day. You would be picked up by British security forces and be designated for torture similar to that used in Iraq. This subverts and destroys the meaning of the American Revolution.

Wen es durch den Senat durchkommt, gibt es eine neue Bedrohung für die Rechte und die Freiheit der Amerikaner, ein Vertrag zwischen den Briten und der USA. Auch wenn keine amerikanischen Gesetze verletzt werden, kann ein Amerikaner auf Bitte der Briten provisorisch für 60 Tage eingesperrt werden. 2/3 des Senats müssen zustimmen, tun sie dies nicht, geht es direkt zum Präsidenten. Es ist zu erwarten, dass das eigentliche Ziel die Irisch-Amerikanischen Gesellschaftsteile sind. Jeder, der kritisch gegenüber den Briten oder der königlichen Familie ist (wie ja eigentlich alle Amerikaner) kann angeklagt oder ausgeliefert werden. Die Briten machen einen Tag die Anfrage, am nächsten sitzt du im Flieger nach London, dort wirst du von britischen Sicherheitskräften abgeholt und bist den gleichen Foltermethoden ausgeliefert wir im Irak, was den Sinn der amerikanischen Revolution zerstört.

Never before in monetary and fiscal history has a government been more responsible with its citizen's money and never before has the> Federal Reserve done more to undermine our standard of living and steal our wealth via inflation, and lie about it. This increased government and private action in the economy is known as corporatist fascism. It is manipulation of all markets as tools of economic warfare against American citizens. We now need some $1.8 to $2 billion dollars a day to be loaned to us by foreigners, mostly foreign central banks. Globalization has brought us cheaper prices for goods, particularly from China, but this is a cover for the outsourcing of industries and jobs from every sector of the American economy, that can only end up in the entire destruction of the economy. The entire structure of America is being changed to turn it into a second world country. Cheap prices and excessive credit expansion has not and will not create new investment and permanent wealth. The created capital is going into financial assets that contribute very little to American growth. This monetary policy will next create wage inflation, which in turn will accelerate inflation, which is already 9.5%, not the 3.5% the Fed would have us believe. As prices move higher, wages have to move higher. If for some reason they do not move higher, then inflation would reverse and we would have deflation. Sir Greenspan cannot have that, so look for large wage increases over the coming months. England, which usually mirrors what will happen to us by six months to a year, just saw wages increase 5.4%. Be patient those higher wages are on the way to further feed inflation. Watch the UK economy. That is one of the reasons we report on it. As soon as the increase in wages ends, then reflation will end. In England, that is six months to a year away. In the US, it is a year to two years away. Simultaneously interest rates will rise, putting downward pressure on those artificially puffed-up financial assets. Thus, next year you will have rising inflation and falling prices, truly the worst of all worlds, because inflation will soar. In 2005 and 2006, finally Sir Alan Greenspan will watch the trap close.

Noch mal Zusammenfassung alles Gesagten und dass Alan die Falle 2005 oder 2006 zuschnappen lassen wird.

There will be no monetary escape and deflation will begin in a way not seen for centuries.
At that point, the Fed would monetize debt by buying, as the buyer of last resort, massive amounts of US Treasury paper. Once the Fed has exhausted itself, then default would come and the world would enter a period of monetary darkness and the world financial system will collapse.

Es gibt keine geldtechnische Fluchtmöglichkeit und die Defla wird kommen wie seit Jahrhunderten nicht gesehen. An dem Punkt wird die FED als buyer of the last resort die Schulden monetisieren, massive Berge Treasury-Papier. Damit schießt die FED sich aber selber ab und die Welt wird in eine geldtechnisch dunkle Phase eintreten und das Finanzsystem bricht zusammen.

In order to find an easy way to fire employees, companies are checking personal e-mail accounts to see if employees are accessing them during work hours. If they are they are gone.

Um leichte Wege zum Feuern von Angestellten zu finden, cheken Firmen persönliche e-mail Accounts. Wenn Angestellte auf die während der Arbeitszeit zugreifen, werden sie gefeuert.

Due to offshoring and lower vehicle sales, major auto manufacturers are forcing contract houses to take a near 50% cut in billing rates or lose the business. New year will be a disastrous year for auto producers. No matter what happens in Iraq, the Bush neocon cabal in Washington will not let go of control of Iraq oil revenues. A condition for a sovereign Iraq government is US and UK control of those revenues.

Wegen geringerer Verkäufe und Offshoring setzen die Autohersteller die Vertragspartner (Zulieferer) unter Druck, 50% Preisnachlass oder Raus aus dem Geschäft. Nächstes Jahr wird hart für die Autohersteller (und Zulieferer).
Egal, was im Irak auch passiert, die Ã-lumsätze werden die Neocons und Bush nicht aus der Hand geben, das wird eine Bedingung für eine souveräne Regierung im Irak sein (wo ist die dann noch souverän??).

Those revenues will exceed $16 billion this year and UN Security Resolution 1483 passed last year, gives the US total control of the money from oil sales, which is the only source of income for the country. The money goes into the Development Fund for Iraq, which is currently run by US pro-council Paul Bremer's CPA, Coalition Provisional Authority. All but one member are foreigners. The elitists will loot this fund of billions of dollars for years to come. Even the oil-for-food racket, where it has been exposed that billions have been stolen, is still in operation and the looting is still going on. The $1.8 billion taken from the fallen dictator Hussein now resides in the Federal Reserve Bank in NYC, ostensibly to be looted by the elitists. All these funds are earmarked for the Iraqi people, but we can promise you a good part of them will be stolen. The total of funds on deposit now is about $7.3 billion and no one knows where any of the funds are going because it is a secret, like so many things in our fascist government. We could guess a major portion of the funds are being disbursed to CFR elitists companies, such as Halliburton, Bechtel and other"contract mercenary companies", part of which will flow to the men running the show. What is worse is Congress knows exactly what is going on and does nothing to stop it. That may in part be because the CPA has been exempted from any investigation by the Government Accounting Office or any requirement to appoint an inspector general, as mandated for all government agencies by law. In Iraq, American personal have been stealing, taking bribes and using extortion on the Iraqi people as well as torturing them. Some of our military, mercenaries, bureaucrats and elitists are undoing in a few short years the good will and fair-handedness America had built up over the past 225 years. We have become another scummy nation.

Iraks Ã-leinnahmen werden in diesem Jahr 16 Mrd. übersteigen, UN-Res. 1483 hat diese den USA zugesprochen. Das Geld fließt in den Entwicklungsfonds für den Irak, kontrolliert von Paul Bremers CPA. Gegenwärtiger Stand: 7,3 Mrd, Geld das den Irakis gehört. Ein Großteil wird in den kommenden Jahren Von Haliburton etc. gestohlen werden. Die 1,8 Mrd. von Saddam liegen in der NY FED, alles dem Irakischen Volk versprochen, aber es wird mit Sicherheit zum größte Tein gestohlen werden. Der Kongress weiß das alles, tut aber nichts dagegen. Die CPA wurde ausgenommen von Ermittlungen. Im Irak hat amerikanisches Personal gestohlen, gefoltert und sich bestechen lassen etc.. Ein paar Militärs haben in kurzer Zeit den guten Ruf von 225 Jahren zerstört.

The Bush neocons ordered inactive reservists to report for active duty again and the resistance was so great they rescinded the order. What the Pentagon is doing is screening inactive reservists for possible call-up. They could be called up involuntarily for as long as 4 years. As a result, soldiers are joining guard and reserve units to avoid call-ups. Of course, Congress knew nothing of the plan, because the imperial White House operates in secrecy. The screening process is almost complete and 22,000 medics, truck drivers, and heavy equipment operators have been identified for call-up. Commitments by the White House for on-going conflict has put tremendous pressure on the Army and to some extent the Marines and have stressed them out completely. The inactive military are being told by recruiters that they should join the guard rather than be sent overseas if re-inducted. Young people are being told that very bad things would happen if they did not join the guard. We have news for all of them. As long as George W. Bush and the neocons run Washington we will have war, they will be deployed into the Middle East and their will be a draft for both girls and boys.

Bushs Neocons haben Reservisten einberufen wollen und der Widerstand war so groß, dass sie das zurücknehmen mussten. Das Pentagon screent nun die Leute, die innerhalb von 4 Jahren nach aktivem Dienst unfreiwillig zurückgerufen werden können. Daher treten viele in die Nationalgarde ein, um das zu vermeiden. Geheimer Plan, vorbei am Kongress ist die Einberufung von 22000 Reservisten, solange Bush an der Macht ist, wird es Krieg geben.

Yes, we were right again and we are not going to gloat over someone else's misfortune even if they are evil. The Lord takes care of retribution for us. A Delaware judge ordered disgraced elitist newspaper baron Lord Conrad Black and the holding company he controls to pay back $30 million. We beg forgiveness for being off by $2 million. A recently amended lawsuit is being filed by Hollinger International, which accuses Black and other former executives of violating Rico statues, and is seeking to recover $1.25 billion. How could we have missed that? It just goes to show you, we are not perfect. I hope that in the end Lord Black and his ilk will be put permanently out of commission in the business world. Now we need to catch more of these white-color thugs.

Bissel was über Lord Conrad Black, Richter aus Delaware verurteilt ihn und seine Zeitungsholding zur Rückzahlung von 30 Mios., andere wollen 1,25 Mrd. zurück etc...

There are few tax breaks for America's poor. Those making under> $40,000 a year. Yet, Congress is considering a bill to provide tax breaks for families earning as much as $309,000 a year. It is part of the House tax-cutting spree that could add $500 billion to the deficit over the next ten years. The House would not only make permanent the $1,000 per-child tax credit enacted as part of the 2001 tax cut, but would dramatically increase the income limits for eligibility; currently, married couples with incomes of up to $110,000 receive full credit. The bill would increase that to $250,000. Families with two children would go to $289,000 and with three children $309,000. This is unnecessary, misguided and irresponsible by Congress, which is emulating Mr. Bush who gets away with everything. The Republicans propose these insane measures and the Democrats act as if they were frozen in the headlights in the dead of night. For families earning less than $10,750 the House will give nothing.
A two-child family making $150,000 to $250,000 get a $22,000 extra tax break. Someone has to show us how that is fair.

Bushs Steuerpläne unter näherer Beleuchtung, Essenz: Wer viel verdient, bekommt große Erleichterungen, die Armen kriegen NIX.

It won't be long before higher gasoline prices change people's driving habits. Due to environmental considerations, refining capacity has> fallen 50% over the past twenty years. The forces in Iraq are eating US gasoline at an astounding rate while our government buys large quantities of oil to fill the strategic reserve.

Wird nicht mehr lange dauern, bis die hohen Benzinpreise die Fahrgewohnheiten der Leute ändern.

Word reaches us that the Oil-for-Food Program in Iraq has been looted for years. Congress was hoodwinked and the Bush neocons, elitists all, refuse to expose it for fear it would destroy the UN. The embezzled figure is now over $10 billion. What was used was tainted food and outdated medicines. The report on the larceny and kickbacks is phenomenal.
The major players were Kofi Annan and his son Kajo and Benon Sevan, Executive Director of the program.

Das Oil-for-Food Programm wurde seit Jahren ausgeplündert, geliefert wurden verdorbene Lebensmittel und abgelaufene Medikamente, Hauptbeteiligte Kofi Annan, sein Sohn Kajo und Bnon Sevan.

It has been revealed that Matrix, a database contractor, gave US and Florida authorities the names of 120,000 people who showed statistical likelihood of being terrorists, sparking some investigations and arrests.
Seisint has been appointed sale contractor on the federally funded $12 million project. Matrix is, Multistate Anti-Terrorism Information Exchange, which combines state records and data culled by Seisint to give investigators fast access to information on crime and terrorism suspects.
It casts a wide net that includes just about everyone, violating their Civil Rights. A number of states in the program have withdrawn for this reason. Matrix has four billion records. Law enforcement says the system has been scrapped, but because of the perpetual lying, that comes out of government, we wonder if in fact it has been dumped.

Es ist bekannt geworden, dass Matrix, ein Datenbankbetreiber, den Us- und Florida-Authorities die Namen von 120000 Menschen ausspuckte, die eine statistische Wahrscheinlichkeit hatten, Terroristen zu sein. Seisint wurde Vertagspartner von einem Bundesstaatl. 12 Mio. Dollar Projekt. Matrix (Multistate Anti-Terrorism Information Exchange) kombiniert staatliche Daten mit Seisint und gibt Ermittlern schnellen Zugriff auf Informationen über kriminell oder terroristisch Verdächtige. Das ist ein weites Netz über so ziemlich Jeden und verletzt deren zivilen Rechte, daher haben einige Bundesstaaten sich davon zurückgezogen. Matrix hat 4 Mrd. Datensätze.

Key legal decisions made in the aftermath of 9/11, included a declaration not to grant any al Qaeda and Taliban fighters prisoner of war status under the Geneva Convention and this laid the groundwork for the interrogation abuses that have recently been revealed in the Abu Ghraib prison in Iraq. Internal memos from the White House show that administration lawyers were privately concerned that they could be tried for war crimes themselves based on the actions the administration was taking, and might have to take in the future to combat the terrorist threat. We believe that there is a good chance of war crimes trials if the administration pulls another terrorist event, and declares Martial Law.

Schlüsselentscheidungen wurden nach 9/11 getroffen, inkl. das El Kaidakämpfer und Taliban nicht unter die Kategorie Kriegsgefangene fallen. Das war mit eine Grundlage für die Vorgänge in Abu Ghraib. Interne Memos von Anwälten des Weißen Hauses zeigen, dass die privat befürchten dass diese Entscheidungen zu Anklagen als Kriegsverbrechen für die Regierung selbst führen könnten. Der Autor glaubt, dass eine gute Chance für Kriegsverbrecherprozesse besteht, wenn die Administration einen weiteren Terroranschlag aus dem Hut zieht und das Kriegsrecht ausruft.

Päuschen:-)
MfG
igelei

-->

-->The Executive and Congress cannot get away with dictatorial government in America. There are 450 million guns in the country and government would force endless insurgent warfare for years, just as we now are witnessing in Iraq. Eventually a dictatorial government would fall and all the people you now see running the wars would be executed.

Regierung und Kongress wird nich davonkommen mit einer Diktatur in Amerika, es gibt 450 Mio. Waffen und die Regierung würde einen langjährigen Bürgerkrieg heraufbeschwören, diejenigen, die jetzt die Kriegstreiber sind, könnten möglicherweise selber dran glauben müssen.

As former military, we know that allowing patterns of abuse and torture to metastasize in any army annihilates its morale and effectiveness. Most people are decent human beings and engaging in such activities destroys the morality of what they are directed to do.
These men, like us, hold abusers and torturers in contempt. What is going on is in direct conflict with the engrained standards and traditions of the US Army. It starkly shows what monsters George W. Bush and his neocons really are. They have allowed a descent into barbarism. All decent people recoil in disgust in such a method of conducting warfare. In and of itself warfare is a horrible experience, abuse and torture just magnifies everyone's suffering.

Als früherer Militär weiss er, dass das Zulassen von Folterungen die Moral und Effektivität in der Truppe untergräbt. Die meisten Menschen tun das, wozu sie verleitet werden, es zeigt also, was für Monster Bush und seine Neocons wirklich sind, sie haben den Rückfall in den Barbarismus zugelassen.

Convicted criminal and number one Bush neocon-man in Iraq, Ahmad> Chalabi, has lost his elitist funding, Chalabi's Iraq National Congress has lost its $340,000 a month funding from our tax dollars. We also know that the CIA had been secretly funding Mr. Chalabi, even though his group never supplied anything of value. Every intelligence report the INC produced was worthless.

der überführte Kriminelle und Bushs Neocon-Mann Nummer Eins im Irak Ahmad Chalabi, hat seine Unterstützung verloren, der Iraq National Congress bekam monatl. 340000 Dollar vom Kongress und ausserdem geheime Gelder der CIA. Chalabi und seine Gruppe taten jedoch nie irgendetwas von Wert.

The House and Senate have agreed on a $2.4 trillion 2005 budget plan, which may well not pass in the Senate, because of the one-year extension of tax cuts. Even if passed in 2006, pay-as-you-go-rules would be reimposed. If not passed, taxes would rise. Simultaneously a request for a $25 billion war slush fund is being debated. The proposed budget plan if passed would cost $689.9 billion and would mean, as we predicted, that the current $7.38 trillion limit would be reached in September. We expect before the election that Congress will have to increase the debt limit to $8.5 to $9.0 trillion. There is absolutely no fiscal control left in Washington. It is a government gone mad.

Kongress und Senat haben einem 2,4 Bio Dollar Etat 2005, welcher im Senat vielleicht nicht durchgehen wird wegen der 1 Jahrverlängerung der Steuererleichterungen.

America certainly loves living beyond its means, but late this year that Cinderella existence will come to an end. The free lunch will soon be over. All illusions eventually end.

Sicher mag es Amerika, über seine Verhältnisse zu leben, aber spät in diesem Jahr wird dieses Aschenputtelleben zu Ende gehen. Das freie Essen wird bald vorbei sein und die Illusionen dürften enden.

Stock analysts, regardless of experience, will be tested by next April. How can you test a person who has been analyzing for 20 to 45 years and tell him he is out of a job because he did not pass a test. Series 86, tests basic tools of the trade and Series 87 focus on regulations and conflicts-of-interest disclosure. This is truly ridiculous.

Aktienanalysten, gleich welcher Erfahrung, werden getestet nächsten April. Wie kann man eine Person mit 20-45jähriger Erfahrung testen und ihm sagen, dass er aus dem Job fliegt, weil er den Test nicht bestanden hat?

It has now been reported the Bush neocons man in Iraq, Ahmed Chalabi is suspected of spying for Iran on US troop positions and of kidnapping a prominent physician from his home. Every time we see media coverage on Chalabi, they always fail to mention he is a convicted bank embezzler. For months there have been complaints of INC members impersonating police officers, breaking into homes and carrying out robberies. Four INC officials have been arrested on robbery charges.

Jetzt wurde berichtet, dass Chalabi verdächtigt wird, für den Iran die Positionen der US-Armee ausspioniert und einen prominenten Physiker gekidnapt zu haben. Immer wenn über Chalabi berichtet wird, wird verschwiegen, dass er ein Verurteilter ist wegen Untreue in einer Bank. Über Monate gibt es Klagen, dass INC Mitglieder sich als Polizisten ausgeben, in Häuser einbrechen und rauben. 4 INC Ofizielle wurden wegen Rauben festgenommen.

Some time before September, you might consider going long the Australian dollar versus the US dollar. The December 74-cent Australian dollar calls (ADZ4C740) can be purchased for $750 or lower. If filled, your risk is $750 and your potential profit at 7950 is $4,750. This is a VERY dangerous trade, but for those who understand the risks it could be a good one.

Kurz vor September ist es empfehlenswert im Aussiedollar log gegen US$ zu gehen. Der Dezembercall basis 74cent (ADZ4C740) kann für 750$ oder tiefer gekauft werden, bei Erfüllung gäbe es ein Risko von 750$ und einen potetiellen Profit von 4750 bei 0,7950. Das ist ein sehr riskanter Trade, könnte aber ein guter werden für Leute, die mit dem Risiko umgehen können.

In the new world order, biochips will be the order of the day. Put beneath your skin they cannot be stolen. They can access ATM's, pay bills, sign contracts, verify your identity and locate your lost or kidnapped children. Satellites can locate you anywhere in the world. If you say anything critical of the government your chip won't function and you and your family will go bankrupt and starve to death.

In der neuen Weltordnung sind Biochips die Renner des Tages. Unter die Haut implantiert, können sie nicht geklaut werden. Damit kann man an Geldautomaten abheben, Rechnungen zahlen, die Identität überprüfen und gekidnappte Kinder finden. Und überall in der Welt per Satellit gefunden werden. Und wenn du was kritisches über die Regierung sagst, wird das Ding deaktiviert und du (und deine Familie) bist pleite.

Even if the Fed raises interest rates they still are responsible for a continuing expansion of aggregates, directly and indirectly, of over $1 trillion a year. Inflation is 9.5% and is guaranteed to be 12% plus by the election. From 1973 to 1981, the Fed raised rates, but it was too late, like it is too late now, too much money was in the system and this time it is still pouring in. In the meantime, the fiat un-backed dollar is being destroyed. Even though the dollar and the stock market has rallied in six months they will be headed down again. That brings us to the antithesis of the fiat dollar, the only real money in the world, gold. The US stock market is valued at $13 trillion, the bond market at $22 trillion and the world markets at about $100 trillion. The value of all the gold shares in the world is $200 billion, which is smaller than a number of separate US companies, such as GE. That means there is a lot of money in investments that could easily go into gold shares. Higher interest rates won't help unless they are exceedingly higher, and inflation at current or higher levels will last a minimum of 1 1/2 years.

Auch wenn die FED die Zinsen erhöht, ist sie verantwortlich (bzw. tut es) für die Ausweitung der Aggregate von 1000 Mrd. pro Jahr. Die Inflation beträgt 9,5% und wird garantiert auf über 12% gehen mit der Wahl. Von 73-81 hat die FED die Zinsen erhöht, aber es war zu spät, wie es auch jetzt zu spät ist. Auch wenn Dollar und Aktienmarkt eine Rallye hatten, sie werden wieder runter gehen. Das bringt uns zur Antithese des Fiat-Money, Gold. US-Aktienmarkt sind 13.000 Mrd. wert, Bondmarkt 22.000 Mrd., der Wert aller Goldaktien der Welt 200 Milliarden (ich dachte es wäre viel weniger), was weniger ist als einzelne US-Companies, wie GE. Das heißt, eine Menge könnte in Goldaktien fließen. Höhere Zinsen würden nicht helfen, solange sie nicht wesentl. höher gehen und die Infla wird auf dem jetzigen oder höheren Level bleiben minimum 1 1/2 Jahre.

The Defense Department, Mr. Donald Rumsfeld, has proposed using US Internal Revenue Service data to trace down reservists with which they have lost contact. Our President, of course, is anxious to approve the amendment to the tax code to legalize the practice. Troops are obligated to keep the military informed with update contact information, but 34% of former soldiers cannot be tracked.
Arizona has 67,000 gun owners legally carrying concealed weapons.
Typically they are white middle-aged, 20% are female and 52 pistol-packing women are over 80. In Maricopa County one of every 56 people are packing.
One in every 82 Arizonans can legally carry a concealed weapon, 99% of permit holders are white, including Hispanics, 13,500 women have permits, and 25% of holders are 50-59 years old. An armed citizenry is a free citizenry.
Mr. Bush and his neocons have violated two federal laws through part of its publicity campaign to promote changes in Medicare intended to help older Americans afford prescription drugs. Federal money was spent covertly to produce propaganda videos about Medicare charges that were made to look like reports. The device was designed to provide less help to Medicare patients and help pharmaceutical and managed-care companies. This is another example of misrepresentation, deceit and more violations of the law.
Junk bond funds saw an outflow of almost $1 billion last week, following $2 billion the previous week. GM and Ford were among this months' worst performers; GM dropped 7.4% in May, the worst return of 3,749 bonds.
M3 added $3.2 billion. Year-to-date, 19 weeks, broad money is up $353.1 billion or 11% annualized.
ABS issuance was strong, $16 billion with year-to-date issuance of $216 billion, running 28% ahead of comparable 2003. Home equity ABS issuance is running up 72% from a year ago to $122 billion.
Total credit expanded $4.0 billion to $6.52 trillion as of 5/12/04.
Bank credit is up $274 billion during the 19 weeks of the year, or 12%annualized. Real estate loans were up $163.0 billion, or 20.1% annualized.
Commercial paper jumped $10.8 billion to $1.346 trillion, the highest level since early last August. YTD commercial paper is up $77.9 billion or 15.9% annualized.
Fed foreign custody holdings of Treasury and agency debt rose $7.0 billion to $1.20 trillion. YTD Custody Holdings are up $133.0 billion, or 32.4% annualized.

Zahlen ohne Ende...

Well, the Bush girls are graduating from college, Barbara from Yale and Jenna from the University of Texas at Austin. Barbara has a degree in humanities and Jenna in English. Except for one incident, the 22-year-old sisters have stayed out of the limelight. Barbara lived on the same residential college, Davenport College, as her father. Yale divides each class among 12 residential colleges, each with its own dorms, dining halls, sports activities and coats of arms. Davenport's coat is three crosses and a chevron in black on a white shield. Like their mother, the twins joined the Kappa Alpha Theta Sorority. Barbara being most like her father was one of the 13 anointed to be accepted into the Satanic Skull & bones Order of the Illuminati. This secret society for Yale seniors previously has had as members, Barbara's great-grandfather, grandfather and father. Both children plan to get jobs via their father's friends with Council on Foreign relations and attend graduate school. Barbara has a summer job at a fashion house and Jenna at a public relations firm.
They are both prime for our new selective service draft scheduled to be implemented next year. It will be interesting to see if they will be drafted and join our boys and girls in the Middle East.

Bissel was über Bushis Töchter, wo sie studieren, dass die Zwillige ins Kappa Alpha Theta Sorority eigetreten ist und Barbara bei Sculls and Bones, wie auch Groß- Urgroß- und Vater. Beide planen einen Job durch Papas Freunde aufzunehmen, man darf gespannt sein, ob sie auch im Mittleren Osten dienen werden ;-).

Forecasting the financial and economic future is not going to be simple. Changes take place at the speed of light and if you cannot figure out what the enemy is going to do before he does it, you are going to be wrong and a loser.

Die finanzielle und ökonom. Zukunft vorherzusagen ist nicht einfach (ach ja??). Änderungen passieren mit Lichtgeschwindigkeit und wenn du nicht erfassen kannst, was der Feind tut und plant und tust es, bevor er es tut, hast du verloren.

This is the art of psycopolitcal warfare, psywar, if you may. We will have to get inside the elitist heads so we can make the right moves and few people are equipped to do this. This is why we have worked long beyond retirement to bring you the benefit of our knowledge and hopefully we will continue to be correct. Make no mistake a crash landing is guaranteed for America in finance, economics and socially and politically. There is no way out. Global central banks are madly inflating trying to stave off deflation and depression and they are guaranteed to fail. We are sure because history tells us so.

Das ist die Kunst der Psychopolitischen Kriegsführung, des Psywar, wenn man so will. Wir haben in die Köpfe unserer elitären"Freunde" reinzuschauen, so dass wir die richtigen Schritte unternehmen können. Dafür haben wir lange gearbeitet und bringen euch die Vorteile unseres Wissens und noch ein bisschen Selbstbeweihräucherung ;-). Mach keinen Fehler, eine Crashlandung ist garantiert, es gibt keinen Ausweg. Die GeChichte zeigt es.

Every time a nation has tried to inflate their way out of deflation, they have lost and so will Sir Alan Greenspan. Sir Alan has been successful over the past couple of years in exporting his credit bubble worldwide. Unfortunately, today most economists worldwide have very little experience or have studied the history of credit booms and that is because"it could never happen here again." CPI, PPI, GDP unemployment etc. are the figment of some bureaucrat's imagination in Washington. It has gotten so that our government never tells us the truth. These economists, whose claim to fame is that they are correct-one-third of the time, don't have a clue to what is really going on. Nothing happens by chance, there are no coincidences, and all markets are rigged. Free trade and globalization didn't just happen. They were planned to take place. They were planned to destroy the US economy, as we have known it, so that Americans would be forced to accept world government. The underlying structure of our economy is being deliberately destroyed. All the money and credit being poured into the economy by government deficit spending and by aggregate creation by the Fed is going into financial assets. It is not being used to build and grow the American economy. Goods and services inflation was suppressed by manufacturing offshore and outsourcing and this allowed the promotion of asset price inflation to create a synthesis of growth, but the program had to be taken too far and now inflation at 9.5% is out of control. It will stay that way until the Fed closes the money spigots.

Alan wird auch scheitern, die meisten Ã-konomen haben keine Ahnung, was wirklich abläuft, CPI, PPI, BIP, Arbeitslosenstatistik wird gefälscht, Regierung lügt auf der ganzen Linie. Freier Handel und Globalisierung findet nicht statt, sondern werden geplant. Geplant, die US-Ã-konomie zu zerstören und die Amerikaner dazu zu bringen, eine Weltregierung zu aktzeptieren. Die grundlegende Struktur der Ã-konomie wird bewußt/gewollt zerstört, Defizite und Aggregate der FED fließen hauptsächlich in die Assetmärkte und werden nicht genutzt, die Realwirtschaft zu entwickeln. Die Asset Inflation (Bubbles) kreierte eine synthetische Art von Wachstum, aber das Programm ging zu weit und die Infla bei 9,5% ist ausser Kontrolle. Das bleibt so, bis die FED die Geldschleusen zumacht.

Today, credit is packaged into asset-based marketable securities, such as real estate mortgage loans guaranteed by Fannie Mae and Freddie Mac, which we believe will eventually succumb. Remember, Sir Alan Greenspan has told us he will inflate as long and as much as he thinks is necessary to stop deflation.
One of his henchmen, Ben Bernake, even said he was prepared to drop money out of helicopters. What a group of charlatans. In addition, dollar purchases and global liquidity creation orchestrated by the Asian central banks over the past year, at the behest of the Fed, has been unprecedented. This has caused international investors to sell and avoid dollar denominated assets. Foreign central banks are feasting on our Treasury and agency paper, because few other sane investors will touch them. Our over $500 billion current account deficit and our budget deficit grow every minute of the day even with a cheap dollar. Over the past two years in global financial markets, speculative leveraging has been unprecedented, but higher interest rates are now causing deleveraging and that is what has given us a dollar rally. Whether you noticed it or not, the global financial system is at the beginning of the beginning of structural failure. The dollar is on its way to an end as the world's reserve currency. The dollar will soon lose its place as king of currencies and will be replaced by gold. As interest rates rise it will be all she wrote as interest rates rocket upward. There is no question the Fed will continue to accommodate until hyperinflation gets out of hand.

Allgemeine Betrachtung der Lage der Finanzmärkte, irres Leveraging, Dfizit etc. alles bekannt. Der Dollar wird bald den Status der Reservewährung der verlieren an das Gold. Die FEDwird das Spiel fortsetzen bis die Hyperinfla aus der Hand gleitet.

This will be accompanied by deleveraging, higher interest rates and major derivative adjustments. This will also be accompanied by deleveraging in the housing market and higher energy prices. Rising prices will beget higher prices. Higher interest rates will stem home equity loans, which are already down to 34% of mortgage executions from 77% at their zenith.
That cuts $100 to $150 billion a year from entering our economy.
The punch bowl needs to be removed but the Fed won't do that, this is an election year and as interest rates rise the economy will grind to a halt.
The Fed knows inflation is already 9 1/2%, but they will inflate anyway, they have too. There will be a flight of liquidity to non-dollar assets and gold, deleveraging will guarantee that. Thus, you have where we think things are going. The future will be difficult and America is not prepared to meet the challenge.

Das wird begleitet von Deleveraging, höhere Zinsen, Anpassungen im Housing Markt usw. Folge: 100-150 Mrd. weniger Zufluss von aussen. Die FED weiß, dass die Infla bei 9,5 steht, tut aber trotzdem nix, weil Wahljahr. Es wird eine Flucht in NonDollar Assets geben und in Gold, da wird es nach Autorenmeinung hingehen. Die Zukunft ist kompliziert und Amerika ist nicht vorbereitet.

Evidently, George W. Bush and the neocons do not believe that they have accomplished enough deficit spending, so now our President has proposed a Millennium Challenge Account, which would channel $5 billion a year to poor countries, a sum that would reflect a 50% expansion in existing aid programs. If we did not know George was a fascist, we would mistake him for a Socialist. The short list of countries to get aid would be countries with sound policies, which is a euphemism for political payoffs.

Offenbar glauben Bush und die Neocons nicht, genügend Defizit zu produzieren, so haben sie den Millennium Challenge Account vorgeschlagen, wollen 5 Mrd. pro Jahr in die armen Länder schicken. Wenn sie (der Autor) nicht wüßten, das Bush Faschist ist, würden sie ihn für einen Sozialisten halten. Die kurze Liste der Länder, die Kohle abgreifen, sind die mit einer freundl. Politik, was ein Euphemismus ist für gekaufte Politik.

A group of Christian activists is in the beginning stages of an effort to have South Carolina secede from the US to become its own sovereign state."Our Christian republic has declined into a pagan democracy," says Christian Exodus.org in Tyler, Texas. The plan calls for 12,000 Christians willing to be active in political campaigns to move to the Palmetto State. The way things are going in America anything is worth trying.

Eine Gruppe christl. Aktivisten beginnt Versuche, South Carolina von den Staaten abzuspalten:"Unsere christl. Republik weigert sich, die heidnische Demokratie anzuerkennen", sagt exodus.org. Der Plan ruft 12000 Christen auf in politischen Kampangnen aktiv zu werden. So gehen die Dinge in Amerika, alles ist es wert, versucht zu werden.

The Fed's admission that they will raise interest rates in the future has no real significance. Any professional knows that was inevitable. What pros are doing is deluding themselves that the effects of higher rates will be inconsequential. They are wrong; the shock to the economy will be huge. Already investment-grade companies have to pay investors 96 basis points more than Treasury yields, the highest in 5 months. The rate on the 30-year fixed mortgage is 6.30%; up from 5.4% and these premiums and rate increases are not going to disappear. The longer the Fed delays action for political reasons, the higher the premium band rates will climb. Five and ten-year Treasuries are already off 5%, the biggest quarterly loss since 1986. The treasury - TIPS spread is 2.75%, up from 2.15% in January. That is why we recommended TIPS long ago for those who had to remain in cash. The average spread over the past 5 years was 1.89%. Annualized inflation is 4.4% so even with TIPS you do not keep up with the official inflation rate, which is a lie. Billions of dollars are being lost every day because our government refuses to tell the truth. We believe that by the end of 2005, and in early 2006, the Fed rates now at 1% will be 5%. That would put 30-year mortgage rates at 9 1/2% and the 10-year Treasury at 8 1/2%. Those holding ARMS will be crushed.

Noch mal die Bondnummer...

Now that mortgage rates are up almost a point, homeowners are having a hard time using their homes as ATM machines. As a result, companies are offering loans that allow borrowers to skip a payment while those that require only interest payments are in vogue.
Needless to say, Fannie Mae backs this type of loan in a pilot program called, Payment Power. If you have paid your mortgage for three months, you can skip 2 payments a year or 10 payments over the life of a 30-year loan. How's that for cooking the books? Interest only loans are pure speculative vehicles. America's lenders have a giant Ponzi scheme going and it will crash and when it does you had best be debt free.

Hypos sind einen Prozentpunkt rauf, Hausbesitzer habens schwerer, die ihre Häuser als Geldautomaten zu benutzen. Als Resultat offerieren Firmen Kredite, bei denen die Zahlungen übersprungen werden können. Wenn du 3 Monate gezahlt hast, darfst du 2 Monate aussetzen pro Jahr oder 10 Zahlungen über 30Jahre Laufzeit.

Personal bankruptcies were 2.8% in the year ended 3/31/04 in spite of an economic recovery. All you debtors who have maxed your credit cards out and plan on going bankrupt, remember the House has passed legislation that will lead you to debtors' prison. They have made it almost impossible to erase credit card and other debts in bankruptcy court. That legislation zipped through our purchased House of Representatives. It now awaits Senate approval and, of course, has a strong endorsement from George W. Bush and the neocons. This legislation when passed after the election could eventually cause a revolution on its own.

Persönliche Bankrotte waren 2,8% im Jahr (Ende 03/2004), obwohl die Ã-konomie doch auf Erholung sein soll. Für alle Schuldner, die planen ihre Kreditlinien auf Maximum zu fahren und dann Bankrott zu machen: Der Kongress hat ein Gesetz verabschiedet, das dich in den Schulturm bringt. Sie hhaben es fast unmöglich gemacht, Kreditkartenschulden und andere Schulden im Gericht beim Bankrott loszuwerden. Die Gesetzesvorlage zischte durch unser gekauftes Representantenhaus und erwartet jetzt die Senatsbestätigung. Hat starke Befürwortung von Bush und den Neocons.

Bankers' greed knows no bounds. Wait until housing prices drop 30% to 50%. The Fed cannot keep the money and credit flowing forever not with inflation at 9 1/2% or better.

Bankers Gier kennt keine Fesseln, warte ab, wenn die Hauspreise 30-50% fallen, die FED kann nicht unendlich Kreditfluss erzeugen, nicht bei Inflationsrate über 9,5%.

Thompson Financial tells us executives sold $14.4 billion worth of company stock in the first four months of the year, compared to $4 billion in the same period last year. Never have so many insiders made so much money.
We think we will see a remake of 1994 in the financial markets, only this time the time frame will be slightly different. Rates will rise and Sir Alan will continue to pump credit and money into the economy.
The elitists have always avoided catastrophe by whatever it took inflation-wise to bail themselves out. Otherwise, the fortitude or courage does not exist to purge the system. That is unless this is the end of the line and they are going to go for world government. We believe it is the latter. Why else would they allow the horror of monstrous amounts of debt imploding? There has been no effort by the Fed to reign in excess consumption and debt formation. It is still being encouraged. Thus, we believe this could be the grand finale.

Thomson Financial sagte uns, die Executives verkauften Assets für 14,4 Mrd. in den ersten 4 Monaten, verglichen zu 4 Mrd. im Vorjahreszeitraum.Wir glauben, dass es ein Remake von 1994 geben wird, nur mit einem anderen Zeitfenster. Die Zinsen werden steigen und Alan wird weiter Geld und Kredit ins System pumpen. Die Eliten haben immer die Katastrophe verhindert, was immer dazu nötig war-schlau genug, selber auszusteigen. Sonst hätten sie es nicht getan. Das wird bis zum Ende so bleiben und sie zur Weltregierung übergehen. Das ist das Ziel, warum sonst sollte die FED für exzessivem Konsum und Schuldenaufbau regieren? Das, so glauben wir ist das große Finale.

We also do not think interest rates will be raised by the Fed in June, probably in August and maybe in late November. That is why the stock market will stage another rally, inflation will get much worse and gold and silver will rise. We believe the re-nomination of Sir Alan Greenspan was part of this. We will re-nominate you if you pump the economy up until November.

Zinserhöhung nicht im Juni, wahrscheinlich im August und vielleicht im November. Neue Rallye im Aktienmarkt, höhere Inflation und steigendes Gold und Silber, die Renomination von Alan war Teil des Spiels. Wiederernennung, wenn Alan die Ã-konomie weiter bis November ausbläst.

This is also probably why M3 has blasted off again over the past two weeks. This could also be the result of the exhaustion of the recent massive fiscal stimulus provided by mortgage refinancing, tax rebates and accelerated depreciation. This is also why the DOW will take off late in June and challenge 11,780 and in all probability breakout to 14,000 sucking the public in again. Then within five months, it could fall to 7,268.

M3 verdorrt in den letzten 2 Wochen, die letzten massiven Steuererleichterungen laufen aus etc. Der Dow wird abheben im späten Juni, die 11.780 erreichen und vielleicht auf die 14.000 ausbrechen und die Ã-ffentlichkeit erneut täuschen. Dann innerhalb von 5 Monaten auf 7268 fallen (ach so, na gut)

Every other day the Fed drags out one of their numbers to let us know what little inflation we have and why interest rates do not need to rise. Last Wednesday it was Fed Governor Broaddus, who got the duty. His words of wisdom, which we call lies, is that"the Fed will not have to raise rates as aggressively as it did in 1994 because in 1994 we had not yet established the full credibility for our low inflation strategy that I believe we have today." The governor lives in a world of unreality, if he believes that and of course, he does not, he is lying. This is the continued arrogance and contempt, in which these elitists hold us.
They believe we are stupid and that we will believe anything. The Fed knows inflation is 9-1/2% but they feel it is their duty to lie about it.
They know after the election interest rates will rise 4%. The Fed is nine months to a year behind the curve and that is deliberate.

Die FED erzählt uns, es gäbe keine Infla, lassen jeden Tag eine Zahl/Rede raus, dass alles gut ist. Letzen Mittwoch hatte Fed Governor Broaddus Jubeldienst, seine Worte der Weisheit: Die FED wird nicht die Zinsen so agressiv wie 1994 erhöhen müssen, denn 1994 hatten wir nicht die Glaubwürdigkeit für unsere kaum-inflation-strategie, die wir, wie ich glaube, heute haben." FED lügt, etc.

The man that said,"God wants me to be President," George W. Bush, was the pervert who gave the final approval to formulate our prison agenda in Iraq. Systematic abuse, torture and rape are part of the neocons formulation for power. If these pukes are reelected your daughters and wives are next. This is Bush's latest mission accomplished. Next, we will be told he speaks to God, as his Messianism knows no limits.

Der Mann, der sagte:"Gott wollte mich als Präsident", war derjenige (Perverse), der die finale Gefängnis-Agenda bestätigte. Systematische Folter, Vergewaltigung und Missbrauch sind Teil der Neoconformulierungen für Macht. Wenn diese Brechmittel wiedergewählt werden, werden eure Frauen und Töchter die Nächsten sein. Nächstens erzählt er uns, dass er mit Gott spricht, sein Messiastum kennt keine Grenzen.

We think of this as we look at naked, abused, tortured and raped women who are now pregnant by the beasts under orders from Mr. Bush. Every woman in prison was raped hundreds of times. This needless war for profit has unleashed the very foulest dregs of our society. What we have, as a result, is chaos in tribal and religious dimensions. We are going to have to win Iraq street-by-street and house-by-house and we will lose many of our loved ones. That is why both Bush and the neocons and Democrats are working behind the scenes to assure a majority vote for a new selective service draft so your children and grandchildren cannot only die but be rape, abuse and torture participants. We are not liberators; we are invaders and occupiers. The war is costing $350 billion a year and 36% of the world's military expenses.

Naja, lassen wir mal weg...

Yes, with much money and hundreds of thousands of troops we are subjugating a people, and we get to pay for it as Mr.
Bush's cronies steal billions of dollars. Now there is panic in Washington. Iraq could get worse and Mr. Bush could lose the election. We are told by General Abizaed, that violence would increase after the 6/30/04 handover and that the Iraqis won't be ready to assume responsibility for security until April 2005. Who will assume command of Iraq? It will not be the criminal Ahmad Chalabi, he has been purged. Yes, the inner illuminist circle, or should we say pentagon, is running around like the keystone cops. The tragedy is so many people are dying. The economy is on steroids and even the feeble of mind are aware of it. The employment figures are still lies. The Ohio Steel Plant Bush touted as a model last year is closing and 1,300 more will be fired in a state, which 170,000 have lost jobs in the manufacturing sector that ended up in China. Another sacrifice to free trade and globalization as our country heads down the drain.

Bushs Kumpane haben Milliarden gestohlen, nun ist Panik in Washington, falls er nicht wiedergewählt wird. Die Gewalt wird nach der Übergabe am 30.6. zunehmen, sagt General Abizaed und die Irakis sind nicht in der Lage, die Verantwortung für die Sicherheit vor April 2005 zu übernehmen. Der innere Illuminatenzirkel rennt rum wie eine Gedankenpolizei. Die Ã-konomie ist auf Steroiden.

Unfortunately, the Democrat alternative is not any better. We are voting for a third party candidate.

Unglücklicherweise ist der Demokrat auch nicht besser (von mir: selbe Skulls und Bones Liga), wir votieren für einen dritten Kanidaten.


Langt dann mal, unten gehts eh nicht viel weiter
MfG
igelei

Lack of jobs in Mexico and the possibility of becoming American citizens offered by George W. Bush have poor Mexicans dying in record numbers as they try to cross the border into the US. Sixty-one of these poor souls have died in the Arizona border region since October 1; triple the number of the previous year. All because our President does not have our border adequately protected and because he entices them to come here to garner Latino votes. Last year 154 deaths occurred in the Tucson and Yuma sector. Who out there would attempt to cross the Sonora desert between Yuma and Nogales in 130-degree temperatures? In just five months apprehensions in the desert south of Tucson

-->Hallo, igelei,

herzlichen Dank für Deine Mühe.

Irgendwie scghreckt man vor riesenlangen fremdsprachigen Texten zurück.

Alles, was im Artikel steht, dürfte nach meinem Dafürhalten auch die Ansicht von Marc Faber sein, gemäß Info letzte Woche. Also sicher nicht aus der Luft gegriffen.

Die Frage ist, wie tradet man das ganze, und wann womit?

ich bin so risikoscheu geworden, wie noch niemals zuvor.......

Realwirtschaft? nee......für 15% Brottomarge vor Kosten sich Haftungsrisiken und Aufwand aufhalsen?

Was dann?

Ab nächste Woche versuche ich mal, etwas finanztechnisch mitzumischen.....mal sehen.....ist nur Spielgeld.......mehr trau ich mich nicht.....(feige Sau?.......Ja....eindeutig ja.,....unter diesen Umständen etwa Vollgas geben?...........)

Beste Grüße vom Baldur

-->... bin derzeit da unterwegs:

http://optionsscheine.onvista.de/snapshot.html?ID_OSI=9198712

wenn auch der erste Trade schief ging (0,72 ausgestoppt auf 0,69) bei Preisen unter 0,70 könnte es funktionieren. Derzeitiger Stop 68,78 auf der Basis und immer 2 Dollar überm Tief:-)

MfG
igelei

-->

-->Ich würde long gehen aber keine os sondern gute Dividendentitel.
Wenn Zertifikate, dann Garantie zertis die lassen ein ruhig schlafen.

z.B. gibt es aud den nikkei eins, wo man trotzdem zu 100 % an der Wertentwicklung partizipiert. Es giebt aber natürlich auch andere.

-->>Mit hinter dem Mond meintest du wohl dich nd jadu hast Recht.
>Die Amis suchen nur noch dieMöglichkeit ohne Gesichtsverlstaus der Sache rauszukommen... (bla bla and so on..)
>Ja manche Leute leben wirklich hinter den Mond

Zur Abrundung des Themas Irak, US, Oil and so on...

Nett gemacht: Ein Interview mit J. R. Ewing
http://www.heise.de/tp/deutsch/special/eco/17609/1.html

Abrr Vorsicht (CH!): Don't take it to serious!


Bye
MattB


PS: mit http://www.lerfjhax.com/70.0.html liests sich noch besser ;-)