shit zu schnell enter gedr. dauert noch!!!

verfasst von igelei, 05.06.2004, 23:36

-->>>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
>

Thread gesperrt

 

gesamter Thread:

• alles für eine lange Nacht: aus einem US-Forum geholt - wo ist die Brille? - Emerald, 05.06.2004, 22:49
  • Re: Uff....worum gehts denn.. (wenigsten so ungefähr) (o.T.) - MattB, 05.06.2004, 23:05
    • Re: Ach Gott, wieder das Gelbe... - MattB, 05.06.2004, 23:25
  • Ja, Emerald, erkläre uns bitte auf Deutsch in 10 Sätzen, was uns so erwartet... - Prosciutto, 05.06.2004, 23:08
    • Re: Ja, Emerald, erkläre uns bitte auf Deutsch in 10 Sätzen, was uns so erwartet... - Emerald, 05.06.2004, 23:16
      • Hmm, ziemlich interessant, mal schauen. (o.Text) - Prosciutto, 05.06.2004, 23:32
  • deutsch auf die schnelle: - igelei, 05.06.2004, 23:35
    • shit zu schnell enter gedr. dauert noch!!! - igelei, 05.06.2004, 23:36
  • nun aber wirklich deutsch auf die schnelle:... - igelei, 06.06.2004, 00:15
    • Re: nun aber wirklich deutsch auf die schnelle:... - MattB, 06.06.2004, 00:25
      • Re: nun aber wirklich deutsch auf die schnelle:... - MC Muffin, 06.06.2004, 00:36
        • Re: Hinterm Mond? (o.Text) - MattB, 06.06.2004, 00:42
          • Re: Naja gucks dir doch an im Momennt haben sie nix. - Loki, 06.06.2004, 02:29
          • Re: Hinterm Mond? (o.Text) - MC Muffin, 06.06.2004, 12:00
            • Re: Hinterm Mond? (o.Text) - MC Muffin, 06.06.2004, 12:03
            • Re: Ã-l(industry) auch hinterm Mond? [Telepolis] - MattB, 10.06.2004, 11:30
    • Auf jeden Fall schon vielen Dank für deine (bisherige) Ãœbersetzung!:-)) - Prosciutto, 06.06.2004, 00:29
    • Re: nun aber wirklich deutsch auf die schnelle:... Teil 2 - igelei, 06.06.2004, 02:24
      • CPA = Coalition Provisional Authority = Verwaltung Iraks durch US/UK (o.Text) - gnom, 06.06.2004, 10:12
      • 1,2,3 fertig ist die igelei...Dankeschön für die zusammenfassende Ãœbersetzung! - Easy, 06.06.2004, 10:53
      • CPA: Certified Public Accountant - pendant zum dt. Wirtschaftsprüfertitel (o.Text) - off-shore-trader, 06.06.2004, 11:42
      • Re: nun aber wirklich deutsch auf die schnelle:... Teil 3 - igelei, 06.06.2004, 12:25
        • @igelei: Ein Riesendankeschön!!! (o.Text) - ---Elli---, 06.06.2004, 13:23
        • Re: nun aber wirklich deutsch auf die schnelle:... Teil 4 - igelei, 06.06.2004, 14:20
          • Vielen Dank fürs Ãœbersetzen! (o.Text) - daxput, 06.06.2004, 15:00
          • Re: nun aber wirklich deutsch auf die schnelle:... Teil 5 - igelei, 06.06.2004, 18:07
            • Re: einen ganz großen Dank auch von meinereinem an igelei mkT - Baldur der Ketzer, 06.06.2004, 18:47
              • hmm... wenn du ein wenig Spielgeld hast... mkT - igelei, 06.06.2004, 19:14
                • Re: hmm... wenn du ein wenig Spielgeld hast... mkT - MC Muffin, 07.06.2004, 10:21
            • Besten Dank fürs übersetzen (o.Text) - LenzHannover, 07.06.2004, 00:27
  • Re:.. lange Nacht -- durch Stripper gejagt, hoffentlich nun leichter lesbar - JoBar, 06.06.2004, 08:43