- 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
- Re: Ja, Emerald, erkläre uns bitte auf Deutsch in 10 Sätzen, was uns so erwartet... - Emerald, 05.06.2004, 23:16
- 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
- Re: Hinterm Mond? (o.Text) - MattB, 06.06.2004, 00:42
- Re: nun aber wirklich deutsch auf die schnelle:... - MC Muffin, 06.06.2004, 00:36
- Auf jeden Fall schon vielen Dank für deine (bisherige) Übersetzung!:-)) - 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 Übersetzung! - 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 Übersetzen! (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
- hmm... wenn du ein wenig Spielgeld hast... mkT - igelei, 06.06.2004, 19:14
- Besten Dank fürs übersetzen (o.Text) - LenzHannover, 07.06.2004, 00:27
- Re: einen ganz großen Dank auch von meinereinem an igelei mkT - Baldur der Ketzer, 06.06.2004, 18:47
- Re: nun aber wirklich deutsch auf die schnelle:... - MattB, 06.06.2004, 00:25
- Re:.. lange Nacht -- durch Stripper gejagt, hoffentlich nun leichter lesbar - JoBar, 06.06.2004, 08:43
- Re: Uff....worum gehts denn.. (wenigsten so ungefähr) (o.T.) - MattB, 05.06.2004, 23:05
Re:.. lange Nacht -- durch Stripper gejagt, hoffentlich nun leichter lesbar
-->[ 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

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