Elaine Supkis's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/236162/comments http://seekingalpha.com/article/120597-currency-etf-charts?source=feed#comment-388306 388306 2. The Bank of Japan is using every tool they have to weaken the yen.
3. All currencies of commodity-based nations are going down across the planet.
4. England is in the same boat as the US with one gigantic difference: no one is going through hell to raise the value of the pound. They are, with the dollar, because they want to restart the US with buying imported goods from them. England is in the same boat with Iceland and Ireland and will see significant import goods inflate.

Now, currency traders have a different view from nations. They think 'going up' is good and 'going down' is bad. But this is not true in all cases. Major exporters of MANUFACTURED goods desperately want weaker currencies vis a vis the US dollar. And periodically, the US goes through bouts of trying to depress the dollar for the same reason only this always causes a global financial collapse since the dollar is the world's fiat trade currency basis.

Thank you, emsnews.wordpress.com]]> Sat, 14 Feb 2009 08:39:54 -0500 2. The Bank of Japan is using every tool they have to weaken the yen.
3. All currencies of commodity-based nations are going down across the planet.
4. England is in the same boat as the US with one gigantic difference: no one is going through hell to raise the value of the pound. They are, with the dollar, because they want to restart the US with buying imported goods from them. England is in the same boat with Iceland and Ireland and will see significant import goods inflate.

Now, currency traders have a different view from nations. They think 'going up' is good and 'going down' is bad. But this is not true in all cases. Major exporters of MANUFACTURED goods desperately want weaker currencies vis a vis the US dollar. And periodically, the US goes through bouts of trying to depress the dollar for the same reason only this always causes a global financial collapse since the dollar is the world's fiat trade currency basis.

Thank you, emsnews.wordpress.com]]> http://seekingalpha.com/article/119187-switzerland-s-dollar-denominated-debt-and-the-fed-s-shrinking-balance-sheets?source=feed#comment-380094 380094 Sun, 08 Feb 2009 15:17:05 -0500 http://seekingalpha.com/article/118381-quick-clarification-on-mortgage-slaves?source=feed#comment-375337 375337
One thing people forget is this simple fact of life: a mortgage is not a bank's interest to own a property. A property is merely a thing the bank can seize if you don't pay back a loan. It is identical to a pawn shop. You can pawn goods and then get them back when you pay off the loan from the pawn shop. If you go bankrupt, the pawn shop keeps whatever you gave it as surety on a loan.

People think that mortgages are the bank becoming the landlord, so to speak. But this isn't the case. Note that banks will move heaven and earth to keep from getting stuck with these sureties for loans that aren't being paid. They don't want to be landlords.

Same with cars: a car loan is our promise to pay for a car, while using it. This is why it requires both insurance, [ditto, with houses] and will be confiscated to pay for the loan. When the car is sold, the amount left over from the loan that the sale doesn't cover, is charged to the borrower and the bank will try to collect the difference.

Lending 'dried up' because bankruptcies began to soar long before there was any economic downturn. People just took on too much debt from too many banks. Not just mortgages but car loans, credit card charges, etc. So we are seeing a collapse in all lending due to an inability to keep up with interest payments on borrowing.

]]> Wed, 04 Feb 2009 09:23:35 -0500
One thing people forget is this simple fact of life: a mortgage is not a bank's interest to own a property. A property is merely a thing the bank can seize if you don't pay back a loan. It is identical to a pawn shop. You can pawn goods and then get them back when you pay off the loan from the pawn shop. If you go bankrupt, the pawn shop keeps whatever you gave it as surety on a loan.

People think that mortgages are the bank becoming the landlord, so to speak. But this isn't the case. Note that banks will move heaven and earth to keep from getting stuck with these sureties for loans that aren't being paid. They don't want to be landlords.

Same with cars: a car loan is our promise to pay for a car, while using it. This is why it requires both insurance, [ditto, with houses] and will be confiscated to pay for the loan. When the car is sold, the amount left over from the loan that the sale doesn't cover, is charged to the borrower and the bank will try to collect the difference.

Lending 'dried up' because bankruptcies began to soar long before there was any economic downturn. People just took on too much debt from too many banks. Not just mortgages but car loans, credit card charges, etc. So we are seeing a collapse in all lending due to an inability to keep up with interest payments on borrowing.

]]> http://seekingalpha.com/article/117739-wsj-weighs-in-on-peter-schiff?source=feed#comment-372074 372074
On top of this, I have archives at three other places: emsnews.wordpress.com/
elainemeinelsupkis.typ.../
culturelifenewsii.blog.../

If you want, you can explore my site. Just look at the cartoons, they explain everything. And one other thing: people grossly underestimate the mess created by the Japanese carry trade. Many Americans who are not inside the investment banking community, probably never even heard of this thing. It is now gone and incidentally, our banking 'liquidity' vanished at the same time.

Now, the US is ZIRP and we are at zero interest rates only it doesn't work for us so hot since we are an importing economy, not a major exporting economy like Japan.

About gold: it is now going up due to desperation. When banks collapse, gold goes up. Double, triple. But it, too, can go down and do this with amazing speed. All we have to do is stop the 0% lending. ]]> Sat, 31 Jan 2009 14:00:37 -0500
On top of this, I have archives at three other places: emsnews.wordpress.com/
elainemeinelsupkis.typ.../
culturelifenewsii.blog.../

If you want, you can explore my site. Just look at the cartoons, they explain everything. And one other thing: people grossly underestimate the mess created by the Japanese carry trade. Many Americans who are not inside the investment banking community, probably never even heard of this thing. It is now gone and incidentally, our banking 'liquidity' vanished at the same time.

Now, the US is ZIRP and we are at zero interest rates only it doesn't work for us so hot since we are an importing economy, not a major exporting economy like Japan.

About gold: it is now going up due to desperation. When banks collapse, gold goes up. Double, triple. But it, too, can go down and do this with amazing speed. All we have to do is stop the 0% lending. ]]> http://seekingalpha.com/article/117739-wsj-weighs-in-on-peter-schiff?source=feed#comment-371878 371878
Now, how was that possible? Someone was flooding the entire planet with lending! Usually, the lenders doing this have super-low interest rates. And who, pray tell, was that?

The Bank of Japan with its ZIRP loans! Duh! I predicted not only the date of the apex of the bubble correctly, I also correctly noted that it was global AND I accurately predicted that the funny money pouring out of Japan would shift towards immense take-over schemes which hedge funds and investment bankers dump epic loans on top of businesses.

I even accurately predicted the month the Japanese carry trade would end and also, that this would cause a freeze up of 'liquidity' as lending ceased to flow from Japan and the rest of the world.

I even figured out who would start the very violent unwinding of the Japanese carry trade and the rise of the yen: China. For China and Japan had a nasty spat in the middle of July, 2007. I must have been one of the few people [I read both Chinese and Japanese economic and diplomatic news] to notice that Japan told China, 'We will drive the value of the yen down to 120 to the dollar and then will flood China with this money!'

And China, fighting rising inflation, said, 'No way in hell...we are going to force the yen up to 100 to the dollar!' And they did and the carry trade unwound starting on August 15, 2007, one month after the diplomatic spat.

International trade is collapsing because too much credit was made from thin air. Schiff could see the vague outlines of what was going on but NOT the details nor the ultimate underpinnings and what to watch.

This is due to Americans and British being very ego-centric. They think they are the world's finance and economic powerhouses when they are both just leaves running in the waters going down the gutter in an Asian downpour.]]> Sat, 31 Jan 2009 09:29:56 -0500
Now, how was that possible? Someone was flooding the entire planet with lending! Usually, the lenders doing this have super-low interest rates. And who, pray tell, was that?

The Bank of Japan with its ZIRP loans! Duh! I predicted not only the date of the apex of the bubble correctly, I also correctly noted that it was global AND I accurately predicted that the funny money pouring out of Japan would shift towards immense take-over schemes which hedge funds and investment bankers dump epic loans on top of businesses.

I even accurately predicted the month the Japanese carry trade would end and also, that this would cause a freeze up of 'liquidity' as lending ceased to flow from Japan and the rest of the world.

I even figured out who would start the very violent unwinding of the Japanese carry trade and the rise of the yen: China. For China and Japan had a nasty spat in the middle of July, 2007. I must have been one of the few people [I read both Chinese and Japanese economic and diplomatic news] to notice that Japan told China, 'We will drive the value of the yen down to 120 to the dollar and then will flood China with this money!'

And China, fighting rising inflation, said, 'No way in hell...we are going to force the yen up to 100 to the dollar!' And they did and the carry trade unwound starting on August 15, 2007, one month after the diplomatic spat.

International trade is collapsing because too much credit was made from thin air. Schiff could see the vague outlines of what was going on but NOT the details nor the ultimate underpinnings and what to watch.

This is due to Americans and British being very ego-centric. They think they are the world's finance and economic powerhouses when they are both just leaves running in the waters going down the gutter in an Asian downpour.]]> http://seekingalpha.com/article/116432-the-cult-of-peter-schiff-is-it-deserved?source=feed#comment-366304 366304
For everything hinges on interest rates. The queer ZIRP system set up in Japan has unbalanced everything in strange and horrible ways. This created the Japanese carry trade. The unwinding of this 'carry trade' is now monumental. It began in July, 2007. Each year, as one central bank after another falls into the Japanese ZIRP system, the unwinding gets worse and worse.

Making money off of this unwinding is very difficult since it is DESTROYING WEALTH. ZIRP won't retrieve wealth. Why is this?

The Derivatives Beast: this insurance/hedging system unwittingly hooked itself into the central bank interest rate manipulation system [derivatives are openly based on this system] and since the central banks openly manipulate interest rates, this means, all the people who are 'inside' the system have utterly warped it. That is, Citigroup's people, the guys running JP Morgan, Goldman Sachs, etc.

Their insider knowledge coupled with their wild attempts to always make profits even when wealth is being destroyed has so unbalanced the systems, it is all now crashing down like a house built on a solid foundation and then the residents dig out the foundation and put it on the roof! Picture that!

There is no way to stop this crash. Only after all the illicit wealth built up by previous speculation vanishes, will this crash end. Then, we must build a BALANCED TRADE system, not the grossly unbalanced one with the US sucking up nearly a trillion in trade overruns. Right now, we are far, far from fixing the fundamental problems of free trade.

This is Elaine Supkis of emsnews. Thank you.]]> Mon, 26 Jan 2009 08:57:31 -0500
For everything hinges on interest rates. The queer ZIRP system set up in Japan has unbalanced everything in strange and horrible ways. This created the Japanese carry trade. The unwinding of this 'carry trade' is now monumental. It began in July, 2007. Each year, as one central bank after another falls into the Japanese ZIRP system, the unwinding gets worse and worse.

Making money off of this unwinding is very difficult since it is DESTROYING WEALTH. ZIRP won't retrieve wealth. Why is this?

The Derivatives Beast: this insurance/hedging system unwittingly hooked itself into the central bank interest rate manipulation system [derivatives are openly based on this system] and since the central banks openly manipulate interest rates, this means, all the people who are 'inside' the system have utterly warped it. That is, Citigroup's people, the guys running JP Morgan, Goldman Sachs, etc.

Their insider knowledge coupled with their wild attempts to always make profits even when wealth is being destroyed has so unbalanced the systems, it is all now crashing down like a house built on a solid foundation and then the residents dig out the foundation and put it on the roof! Picture that!

There is no way to stop this crash. Only after all the illicit wealth built up by previous speculation vanishes, will this crash end. Then, we must build a BALANCED TRADE system, not the grossly unbalanced one with the US sucking up nearly a trillion in trade overruns. Right now, we are far, far from fixing the fundamental problems of free trade.

This is Elaine Supkis of emsnews. Thank you.]]> http://seekingalpha.com/article/116297-evidence-that-big-inflation-is-coming?source=feed#comment-365737 365737
But this isn't my own site! To go back to 'deflation/inflation' we can have both at the same time! Isn't that amazing?

For an obvious example: housing was inflating rapidly from 2003 to 2007. Then, it rapidly deflated. Oil was deflating from 1994-1999. Then it began to inflate. Consumer goods dropped in price and deflated from 1994-2004. But then it began to inflate. For example, plywood from Canada was $3.50 a 4x8 sheet quarter inch and shot up to over $9 a sheet and now has fallen to $7 a sheet.

All of these things, incidentally, are part of our TRADE DEFICIT. This mostly grows and grows and grows. We take on more and more debt to service this trade deficit. Now, we can't take on more debt, the trade is falling but is STILL in a deficit.

As I keep saying, the true thing at work here isn't 'how much money is being printed' but 'what is going on in trade?' I may be the only person saying this, but this see saw of prices is very much balanced on the fulcrum of trade.
]]> Sun, 25 Jan 2009 14:04:52 -0500
But this isn't my own site! To go back to 'deflation/inflation' we can have both at the same time! Isn't that amazing?

For an obvious example: housing was inflating rapidly from 2003 to 2007. Then, it rapidly deflated. Oil was deflating from 1994-1999. Then it began to inflate. Consumer goods dropped in price and deflated from 1994-2004. But then it began to inflate. For example, plywood from Canada was $3.50 a 4x8 sheet quarter inch and shot up to over $9 a sheet and now has fallen to $7 a sheet.

All of these things, incidentally, are part of our TRADE DEFICIT. This mostly grows and grows and grows. We take on more and more debt to service this trade deficit. Now, we can't take on more debt, the trade is falling but is STILL in a deficit.

As I keep saying, the true thing at work here isn't 'how much money is being printed' but 'what is going on in trade?' I may be the only person saying this, but this see saw of prices is very much balanced on the fulcrum of trade.
]]> http://seekingalpha.com/article/116297-evidence-that-big-inflation-is-coming?source=feed#comment-365606 365606
Look, inflation happens only when the working class has extra paper money to spend on whatever they spend it on. There are several different levels of 'inflation': buying things on credit, buying things one needs to survive and savings levels.

Easy credit at the BEGINNING of a bubble leads to manic bidding up the prices of various things such as fancy cars, properties, etc. The wealthy use this easy money to bid at art auctions, buy mansions, pay for ritzy prostitutes. The lower classes buy season tickets to sporting games, go to Vegas to gamble or go on vacations or get divorced [heh].

When debt builds up to the point that no one can afford to pay even Zero Interest Rates [ZIRP] we get a depression. The government, very early on tried to elevate spending artificially by giving all Americans $600. This led directly to a sudden and very destructive series of commodity bubbles that rose very rapidly from February, when the first money was mailed, to August, when the last checks were spent.

Virtually every penny of the 'free' bonus was soaked up by the sudden inflationary surge. Now, the deflation spiral is back and much nastier. The US is trying to do what Japan did when it had a huge credit bubble: keeping the zombie banks alive while trying to use government debt to float the entire economy.

Japan is now very deep in debt due to this. Debt owed nearly totally, 87%, to the Japanese. We are mired deep in debt to the Japanese and Chinese, not to ourselves. So all our government spending is turned into future tax obligations to our most dangerous trade rivals.

The simple question of 'deflation or inflation' has to be viewed from a global trade perspective to see where our real dangers lie. The US can't 'create money out of thin air' without getting totally entangled with our largest trade partners and creditors. All the fiddling we are seeing are being watched by these two dragons who will leap on us the minute we choose the 'inflate the currency' option and the dollar nosedives against the yen and yuan.

It is already diving against the yen and it 88 yen to the dollar! The Japanese prefer to have it at 120 to the dollar. Which is where it was at in July, 2007, back when the Japanese carry trade went suddenly into reverse.

Gold is neary $900 per ounce. But has barely budged in the last two months if you compare this to how many yen buys the same amount of gold! We are seeing the differential in the dollar, falling, rather than gold rising.

OPEC, being a consortium, a loose one, at that, always lags behind when it comes to cutting off the spigots when there is an economic downturn. But they will catch up with it, pretty soon. And then the one thing that can trigger global inflation will take off. For oil is the fundamental basis of all commodity and manufacturing pricing inflation. It doesn't affect property or equity values, right away. But it certainly has a very powerful effect on everything else.

High oil prices is the nightmare of world trade. It eats profits in industry and prevents customers from being able to take on more debt as they struggle to pay for food and energy.]]> Sun, 25 Jan 2009 11:57:57 -0500
Look, inflation happens only when the working class has extra paper money to spend on whatever they spend it on. There are several different levels of 'inflation': buying things on credit, buying things one needs to survive and savings levels.

Easy credit at the BEGINNING of a bubble leads to manic bidding up the prices of various things such as fancy cars, properties, etc. The wealthy use this easy money to bid at art auctions, buy mansions, pay for ritzy prostitutes. The lower classes buy season tickets to sporting games, go to Vegas to gamble or go on vacations or get divorced [heh].

When debt builds up to the point that no one can afford to pay even Zero Interest Rates [ZIRP] we get a depression. The government, very early on tried to elevate spending artificially by giving all Americans $600. This led directly to a sudden and very destructive series of commodity bubbles that rose very rapidly from February, when the first money was mailed, to August, when the last checks were spent.

Virtually every penny of the 'free' bonus was soaked up by the sudden inflationary surge. Now, the deflation spiral is back and much nastier. The US is trying to do what Japan did when it had a huge credit bubble: keeping the zombie banks alive while trying to use government debt to float the entire economy.

Japan is now very deep in debt due to this. Debt owed nearly totally, 87%, to the Japanese. We are mired deep in debt to the Japanese and Chinese, not to ourselves. So all our government spending is turned into future tax obligations to our most dangerous trade rivals.

The simple question of 'deflation or inflation' has to be viewed from a global trade perspective to see where our real dangers lie. The US can't 'create money out of thin air' without getting totally entangled with our largest trade partners and creditors. All the fiddling we are seeing are being watched by these two dragons who will leap on us the minute we choose the 'inflate the currency' option and the dollar nosedives against the yen and yuan.

It is already diving against the yen and it 88 yen to the dollar! The Japanese prefer to have it at 120 to the dollar. Which is where it was at in July, 2007, back when the Japanese carry trade went suddenly into reverse.

Gold is neary $900 per ounce. But has barely budged in the last two months if you compare this to how many yen buys the same amount of gold! We are seeing the differential in the dollar, falling, rather than gold rising.

OPEC, being a consortium, a loose one, at that, always lags behind when it comes to cutting off the spigots when there is an economic downturn. But they will catch up with it, pretty soon. And then the one thing that can trigger global inflation will take off. For oil is the fundamental basis of all commodity and manufacturing pricing inflation. It doesn't affect property or equity values, right away. But it certainly has a very powerful effect on everything else.

High oil prices is the nightmare of world trade. It eats profits in industry and prevents customers from being able to take on more debt as they struggle to pay for food and energy.]]> http://seekingalpha.com/article/115116-have-we-turned-all-economic-authority-over-to-highly-principled-accountants?source=feed#comment-357416 357416
Bailing out failed banks who failed because they played insane games with risk, trying to eliminate it so they could make reckless loans, is stupid. It is now bankrupting the entire nation. Bailing out banks that created this massive $66 trillion derivatives beast is impossible. We have to force the banks to declare bankruptcy.

Bankruptcy, incidentally, originally referred to banks. When a bank ceases to be capitalized, they cease to be a bank. A bank is where one has savings that earns profits. When this vanishes, the bank just isn't there anymore. It is not a bank but a sinkhole. How easy is this to understand?

As far as I can see, Americans do not, collectively, want a clear accounting. We want to live in a fantasy world where we are the richest nation, not one mired deep in debt. Until we face reality, we will continue to try to evade the obvious truth: America squandered all our future wealth. Our grandchildren will pay our bills. This is outrageous.

Right now, I think America needs some sober, careful accountant who will go over the Pentagon's messy books, who will audit Fort Knox and who will sit down and crunch the numbers of the derivatives market and then impose the cures we badly need. We will NOT get richer anymore, playing stupid games that wreck the industrial base and adds more debt.

Regards,
Elaine Supkis, emsnews.wordpress.com]]> Fri, 16 Jan 2009 08:53:15 -0500
Bailing out failed banks who failed because they played insane games with risk, trying to eliminate it so they could make reckless loans, is stupid. It is now bankrupting the entire nation. Bailing out banks that created this massive $66 trillion derivatives beast is impossible. We have to force the banks to declare bankruptcy.

Bankruptcy, incidentally, originally referred to banks. When a bank ceases to be capitalized, they cease to be a bank. A bank is where one has savings that earns profits. When this vanishes, the bank just isn't there anymore. It is not a bank but a sinkhole. How easy is this to understand?

As far as I can see, Americans do not, collectively, want a clear accounting. We want to live in a fantasy world where we are the richest nation, not one mired deep in debt. Until we face reality, we will continue to try to evade the obvious truth: America squandered all our future wealth. Our grandchildren will pay our bills. This is outrageous.

Right now, I think America needs some sober, careful accountant who will go over the Pentagon's messy books, who will audit Fort Knox and who will sit down and crunch the numbers of the derivatives market and then impose the cures we badly need. We will NOT get richer anymore, playing stupid games that wreck the industrial base and adds more debt.

Regards,
Elaine Supkis, emsnews.wordpress.com]]> http://seekingalpha.com/article/112354-the-economic-meltdown-dismantling-yes-doom-no?source=feed#comment-339280 339280
This is pure insanity. It is bankrupting America. Our global empire is now doomed as we sink under this sea of red ink. We cannot afford to have a military that costs more than the entire planet's military costs! Anyone who thinks this has not looked at the statistics.

Free trade is the other deficit sinking our ship. We are running both a trade and budget deficit this last 35 years except for 2 years. This has caused a multi trillion dollar drain on the US economy.

The end is now in sight. When the world ceases to use the US dollar as the basis for international settlements, our empire will totally collapse, as a catastrophically as the collapse of the Soviet Union.]]> Sat, 27 Dec 2008 11:23:53 -0500
This is pure insanity. It is bankrupting America. Our global empire is now doomed as we sink under this sea of red ink. We cannot afford to have a military that costs more than the entire planet's military costs! Anyone who thinks this has not looked at the statistics.

Free trade is the other deficit sinking our ship. We are running both a trade and budget deficit this last 35 years except for 2 years. This has caused a multi trillion dollar drain on the US economy.

The end is now in sight. When the world ceases to use the US dollar as the basis for international settlements, our empire will totally collapse, as a catastrophically as the collapse of the Soviet Union.]]> http://seekingalpha.com/article/112186-enlightening-the-gold-bugs?source=feed#comment-337654 337654
You see, France finished this huge, underground vault in Paris. They thought the Germans would never get this gold. Ahem. Herr Hitler did, incidentally.

Anyway, the manipulations of the gold markets by FDR were to protect what remained of our gold at Ft. Knox. And more importantly, at the secret Federal Reserve vaults in NYC.

Gold was so important, FDR, like Hitler and the British Crown and nearly everyone, made gold hoarding ILLEGAL. If you tried to use gold to do business, it was confiscated! And you were jailed. The $35 gold price was to flush out all the gold held by individuals and above all, businesses. They were then FORCED to use paper no matter what.

Some people protested this by using spare change to buy and sell. A thousand silver half-dollars, for example. The government squelched this, too. The harsh truth isn't 'is gold worth something' but 'how will governments grab it no matter what?'

And this is where gold bugs go off the cliff: they imagine the government will come, hat in hand, to beg for the gold and pay top price. This will not happen.

When money evolves to zero worth, governments always shift to open confiscations. I wonder why so many people never mention this? HAHAHA. Never. ]]> Wed, 24 Dec 2008 13:05:46 -0500
You see, France finished this huge, underground vault in Paris. They thought the Germans would never get this gold. Ahem. Herr Hitler did, incidentally.

Anyway, the manipulations of the gold markets by FDR were to protect what remained of our gold at Ft. Knox. And more importantly, at the secret Federal Reserve vaults in NYC.

Gold was so important, FDR, like Hitler and the British Crown and nearly everyone, made gold hoarding ILLEGAL. If you tried to use gold to do business, it was confiscated! And you were jailed. The $35 gold price was to flush out all the gold held by individuals and above all, businesses. They were then FORCED to use paper no matter what.

Some people protested this by using spare change to buy and sell. A thousand silver half-dollars, for example. The government squelched this, too. The harsh truth isn't 'is gold worth something' but 'how will governments grab it no matter what?'

And this is where gold bugs go off the cliff: they imagine the government will come, hat in hand, to beg for the gold and pay top price. This will not happen.

When money evolves to zero worth, governments always shift to open confiscations. I wonder why so many people never mention this? HAHAHA. Never. ]]> http://seekingalpha.com/article/111887-did-or-didn-t-japan-just-reintroduce-quantitative-easing?source=feed#comment-336216 336216
Japanese animators often fret about this. I see the naked fear that this sort of anti-humanistic system will dominate Japan before the mid-century. Japan was once famous for its love of children. Now, it is famous for its love of robots.

Recently, a Japanese inventor was in the news because he made this 'maid/companion' robot female that could do math and simple chores. He had a heart attack while struggling to create this helpless minion of his dreams, his Coppelia.

He sits at night at the dinner table and talks to this mechanical doll. He will produce no children, needless to say. The ZIRP system is sucking the lifeblood out of Japan. And trust me, many American ruling elites consider this an optional future for us. Humans are hard to control. Robots are easy to control. Welcome the the world of Gundum.]]> Mon, 22 Dec 2008 20:31:43 -0500
Japanese animators often fret about this. I see the naked fear that this sort of anti-humanistic system will dominate Japan before the mid-century. Japan was once famous for its love of children. Now, it is famous for its love of robots.

Recently, a Japanese inventor was in the news because he made this 'maid/companion' robot female that could do math and simple chores. He had a heart attack while struggling to create this helpless minion of his dreams, his Coppelia.

He sits at night at the dinner table and talks to this mechanical doll. He will produce no children, needless to say. The ZIRP system is sucking the lifeblood out of Japan. And trust me, many American ruling elites consider this an optional future for us. Humans are hard to control. Robots are easy to control. Welcome the the world of Gundum.]]> http://seekingalpha.com/article/111887-did-or-didn-t-japan-just-reintroduce-quantitative-easing?source=feed#comment-336213 336213
Look, at no point has Japan's leaders in the LDP desired to see an end to the 'depression' in Japan. For several years, Japan's RULING ELITES have enjoyed vast increases in their personal fortunes, a vast increase in profits, a vast increase in global power...during the ZIRP regime!

Not only that, when real inflation was hammering Japanese workers last year, the ONLY country on EARTH that pretended there was less than 1% inflation was Japan....even after data proved that inflation was over 3%.

Far from trying to stop 'depression' which always is code for 'depressing the wages of workers', the corrupt and totally evil Bank of Japan was in collusion with Toyota and the other export giants to keep Japan in a depressionary straight jacket so they could use the weak yen as tool of aggression.

Note that Japanese corporations are buying up Western corporations or putting them totally out of business! Note that Japan is colonizing the US industrial base! Note that Japan, this week, is out buying foreign businesses, setting up shop all over the place!

The Bank of Japan LOVED the 'carry trade' they created with their ZIRP system. Jokers like poor Mr. Krugman and others couldn't figure out that the appearance of a depression [by threatening Japanese workers with the removal of their jobs to CHINA] was a tool used to further the economic ends of the ruling elites of Japan.

Even the Bank of Japan's own statistics shows clearly that it was nearly 100% the depression in worker's wages that made prices fall. Workers can't buy much of anything, anymore. One third are stuck in part time/temporary worker hell. The mainstream workers are seeing annual wage reductions.

We are now imitating that! GAH! Giving banks money won't fix SQUAT DIDDLY. Giving workers pay raises will help a great deal. China has to pass laws, forbidding their workers to have children. Japan, this month, is out, begging someone, anyone, to have babies! But the workers can't!

This means, the stupid ZIRP/no inflation due to workers starving to death system of the Japanese will end with the Chinese colonizing the islands of Japan by 2050.]]> Mon, 22 Dec 2008 20:24:26 -0500
Look, at no point has Japan's leaders in the LDP desired to see an end to the 'depression' in Japan. For several years, Japan's RULING ELITES have enjoyed vast increases in their personal fortunes, a vast increase in profits, a vast increase in global power...during the ZIRP regime!

Not only that, when real inflation was hammering Japanese workers last year, the ONLY country on EARTH that pretended there was less than 1% inflation was Japan....even after data proved that inflation was over 3%.

Far from trying to stop 'depression' which always is code for 'depressing the wages of workers', the corrupt and totally evil Bank of Japan was in collusion with Toyota and the other export giants to keep Japan in a depressionary straight jacket so they could use the weak yen as tool of aggression.

Note that Japanese corporations are buying up Western corporations or putting them totally out of business! Note that Japan is colonizing the US industrial base! Note that Japan, this week, is out buying foreign businesses, setting up shop all over the place!

The Bank of Japan LOVED the 'carry trade' they created with their ZIRP system. Jokers like poor Mr. Krugman and others couldn't figure out that the appearance of a depression [by threatening Japanese workers with the removal of their jobs to CHINA] was a tool used to further the economic ends of the ruling elites of Japan.

Even the Bank of Japan's own statistics shows clearly that it was nearly 100% the depression in worker's wages that made prices fall. Workers can't buy much of anything, anymore. One third are stuck in part time/temporary worker hell. The mainstream workers are seeing annual wage reductions.

We are now imitating that! GAH! Giving banks money won't fix SQUAT DIDDLY. Giving workers pay raises will help a great deal. China has to pass laws, forbidding their workers to have children. Japan, this month, is out, begging someone, anyone, to have babies! But the workers can't!

This means, the stupid ZIRP/no inflation due to workers starving to death system of the Japanese will end with the Chinese colonizing the islands of Japan by 2050.]]> http://seekingalpha.com/article/111672-federal-commitments-now-total-5-trillion?source=feed#comment-334998 334998
1. ZIRP interest rates.
2. Wild government overspending.

At my own blog, I have detailed statistical information about this process. Japan's depression is now sucking in the entire planet! This is the heart of the mess. And is not being addressed by virtually any economics pundits.

The world's #2 [or #3 depending on what statistics one uses] economy has been mired in this hideous depression since the mid-1990's. I often remark on the queer nature of this depression. The ZIRP system of Japan flooded the world with faux dollars via the very notorious 'Japanese carry trade' where currency gamesters and offshore banksters all piled into the Japanese lending system.

This caused a flood of Japanese [and Chinese!] exports to flood markets of stronger currencies. The yen is now rapidly shooting up in value due to all nations trying the Japanese ZIRP systems, themselves.]]> Sun, 21 Dec 2008 11:05:21 -0500
1. ZIRP interest rates.
2. Wild government overspending.

At my own blog, I have detailed statistical information about this process. Japan's depression is now sucking in the entire planet! This is the heart of the mess. And is not being addressed by virtually any economics pundits.

The world's #2 [or #3 depending on what statistics one uses] economy has been mired in this hideous depression since the mid-1990's. I often remark on the queer nature of this depression. The ZIRP system of Japan flooded the world with faux dollars via the very notorious 'Japanese carry trade' where currency gamesters and offshore banksters all piled into the Japanese lending system.

This caused a flood of Japanese [and Chinese!] exports to flood markets of stronger currencies. The yen is now rapidly shooting up in value due to all nations trying the Japanese ZIRP systems, themselves.]]> http://seekingalpha.com/article/111201-madoff-one-bad-apple-should-not-deter-investors?source=feed#comment-332207 332207
Sex and money: these are all whores. And yes, all hedge funds should be as illegal as trust funds were after the Great Depression wrecked 99% of those illicit money stealing machines.]]> Wed, 17 Dec 2008 13:06:45 -0500
Sex and money: these are all whores. And yes, all hedge funds should be as illegal as trust funds were after the Great Depression wrecked 99% of those illicit money stealing machines.]]> http://seekingalpha.com/article/110232-the-economic-policies-of-failure?source=feed#comment-326453 326453 Thu, 11 Dec 2008 12:16:53 -0500 http://seekingalpha.com/article/110232-the-economic-policies-of-failure?source=feed#comment-326446 326446
Since 1971, the US Presidents fretted greatly about trade deficits. Bretton Woods II and the Plaza Accords and Louver Agreements were all pitched towards fixing the US trade deficit...by manipulating the value of the dollar lower than our two major trade rivals who happened to be Germany and Japan.

Don't even think about why the two nations we defeated in WWII were the two nations to run up the biggest trade surpluses with the US! HAHAHA.

To think about this is to go insane!

Anyway, after we lost the trade wars with our former enemies, we went off and went even deeper in trade debt with OPEC and Communist China!

Now, tell me if the US deserves to die a terrible death at the hands of dire trade rivals? Of course! We slit our own wrists. The G20 had a meeting in November. Guess what they decided?

To make this trade imbalance worse! And the US agreed!!! Amazing!

Arrest our leaders who agreed to this. Impeach Bush. Put anyone who allows this free trade mess to continue, put them in prison! Hire new negotiators who understand the need to balance our trade! Good grief! Time is running out!]]> Thu, 11 Dec 2008 12:10:11 -0500
Since 1971, the US Presidents fretted greatly about trade deficits. Bretton Woods II and the Plaza Accords and Louver Agreements were all pitched towards fixing the US trade deficit...by manipulating the value of the dollar lower than our two major trade rivals who happened to be Germany and Japan.

Don't even think about why the two nations we defeated in WWII were the two nations to run up the biggest trade surpluses with the US! HAHAHA.

To think about this is to go insane!

Anyway, after we lost the trade wars with our former enemies, we went off and went even deeper in trade debt with OPEC and Communist China!

Now, tell me if the US deserves to die a terrible death at the hands of dire trade rivals? Of course! We slit our own wrists. The G20 had a meeting in November. Guess what they decided?

To make this trade imbalance worse! And the US agreed!!! Amazing!

Arrest our leaders who agreed to this. Impeach Bush. Put anyone who allows this free trade mess to continue, put them in prison! Hire new negotiators who understand the need to balance our trade! Good grief! Time is running out!]]> http://seekingalpha.com/article/110235-indian-markets-it-can-get-more-frightening?source=feed#comment-326437 326437
All the public talk about how this isn't going to fry Mumbai's stock market is whistling past a rather large graveyard.]]> Thu, 11 Dec 2008 12:01:54 -0500
All the public talk about how this isn't going to fry Mumbai's stock market is whistling past a rather large graveyard.]]> http://seekingalpha.com/article/109663-what-the-economy-needs-is-a-helicopter-drop?source=feed#comment-323667 323667
HAHAHAHA. If you want to stimulate things, why not mail everyone a million dollars? Then, they can pay off all their debts, the vast majority of us own less than a million dollars!

Then we have happy days!!! Zimbabwe should blush as they consider their 23,000% inflation. We will be #1.

Frankly, that foolish $600 giveaway last spring exactly coincided with a sudden and catastrophic surge in the price of everything we need to buy to stay alive; food and fuel shot up.

I calculated that nearly every penny of that boon I got went to the oil companies and buying food. I paid off no debts, put up no savings and the only changes I made with my purchases was to make fewer trips and buy less stuff!

This is why such things fail: they always fail. If the government goes into debt in order to pay my debts [I have very few debts] then we end up not with slow inflation in several years but INSTANTANEOUS inflation.

Worse: most things people buy these days are either produced overseas by American corporations or if made in America, are made in foreign-owned factories. So the profits flow out. Or if the profits are retained, the balance of trade is made worse.

So giving people money to spend in our very foolish 'consumer society' only makes our balance of trade worse. It leads to nearly direct hikes in energy costs. And puts the entire US government deeper into debt.

There are two major things wrong with our economic system:

1. A government running all the time in the red.
2. Trade that is always in the red and getting worse each decade.

If we don't fix these two things, WE GO BANKRUPT. We are being kept afloat not because Americans are eager to buy US government bonds but by international corporations, offshore pirate funds and outright potential enemies and very dangerous trade rivals in Asia, they are buying this debt.

To hand over a hunk of money to US consumers to spend on imports is totally insane, utterly useless and downright suicidal. The inability to keep in mind, our massive trade deficit, which over the years has equalled and is now surpassing our budget deficit----this is typical.

Mr.Sakazaki is too immature to be making comments about international financial matters if he imagines that having a government take on many trillions in debt to undo too much lending.

This has been proven in the past, decisively, as futile. Only if a government has NO debts or very little, dare it do such a thing. And ONLY if it has huge trade barriers like a certain country called 'Japan'. I call Japan 'Fortress Japan' for a reason: few foreign corporations last very long, trying to pry open that particular clamshell.

And the Japanese people own over 85% of their government debts. The US people own less than half of our own debt and it is dropping like a rock. To comment on these sorts of matters, we must always keep the much bigger picture in mind.

Russia went bankrupt. England went bankrupt after WWI. Germany and Japan went bankrupt and tried to fix that with WWII. That was a total failure. Rome went bankrupt nearly 2,000 years ago. Empires can and do and nearly inevitably go bankrupt because they get very arrogant about not balancing the books and spending carefully.

What is at stake here is not how comfortable we are but whether we will survive as a nation, as an empire. I strongly suggest we begin negotiating with our supposed allies like Japan and Europe, them taking over paying for their own defense. They are certainly wealthy enough to do this.

We should not be spending half a trillion a year, patrolling the Muslim world and protecting Europe and Japan! This is utterly insane. Then, we can cut the Pentagon's budget by two thirds, cease using the military/industrial complex as our engine of wealth and figure out how to be an industrial nation, not a consumer society. With tariffs and barriers to protect our industrial base and keep our foreign powers.


This harsh prescription is the only solution. We can't live off of military production which is today about 60% of our industrial base. This is cannibalizing our capitalist society.

Thank you]]> Mon, 08 Dec 2008 09:19:31 -0500
HAHAHAHA. If you want to stimulate things, why not mail everyone a million dollars? Then, they can pay off all their debts, the vast majority of us own less than a million dollars!

Then we have happy days!!! Zimbabwe should blush as they consider their 23,000% inflation. We will be #1.

Frankly, that foolish $600 giveaway last spring exactly coincided with a sudden and catastrophic surge in the price of everything we need to buy to stay alive; food and fuel shot up.

I calculated that nearly every penny of that boon I got went to the oil companies and buying food. I paid off no debts, put up no savings and the only changes I made with my purchases was to make fewer trips and buy less stuff!

This is why such things fail: they always fail. If the government goes into debt in order to pay my debts [I have very few debts] then we end up not with slow inflation in several years but INSTANTANEOUS inflation.

Worse: most things people buy these days are either produced overseas by American corporations or if made in America, are made in foreign-owned factories. So the profits flow out. Or if the profits are retained, the balance of trade is made worse.

So giving people money to spend in our very foolish 'consumer society' only makes our balance of trade worse. It leads to nearly direct hikes in energy costs. And puts the entire US government deeper into debt.

There are two major things wrong with our economic system:

1. A government running all the time in the red.
2. Trade that is always in the red and getting worse each decade.

If we don't fix these two things, WE GO BANKRUPT. We are being kept afloat not because Americans are eager to buy US government bonds but by international corporations, offshore pirate funds and outright potential enemies and very dangerous trade rivals in Asia, they are buying this debt.

To hand over a hunk of money to US consumers to spend on imports is totally insane, utterly useless and downright suicidal. The inability to keep in mind, our massive trade deficit, which over the years has equalled and is now surpassing our budget deficit----this is typical.

Mr.Sakazaki is too immature to be making comments about international financial matters if he imagines that having a government take on many trillions in debt to undo too much lending.

This has been proven in the past, decisively, as futile. Only if a government has NO debts or very little, dare it do such a thing. And ONLY if it has huge trade barriers like a certain country called 'Japan'. I call Japan 'Fortress Japan' for a reason: few foreign corporations last very long, trying to pry open that particular clamshell.

And the Japanese people own over 85% of their government debts. The US people own less than half of our own debt and it is dropping like a rock. To comment on these sorts of matters, we must always keep the much bigger picture in mind.

Russia went bankrupt. England went bankrupt after WWI. Germany and Japan went bankrupt and tried to fix that with WWII. That was a total failure. Rome went bankrupt nearly 2,000 years ago. Empires can and do and nearly inevitably go bankrupt because they get very arrogant about not balancing the books and spending carefully.

What is at stake here is not how comfortable we are but whether we will survive as a nation, as an empire. I strongly suggest we begin negotiating with our supposed allies like Japan and Europe, them taking over paying for their own defense. They are certainly wealthy enough to do this.

We should not be spending half a trillion a year, patrolling the Muslim world and protecting Europe and Japan! This is utterly insane. Then, we can cut the Pentagon's budget by two thirds, cease using the military/industrial complex as our engine of wealth and figure out how to be an industrial nation, not a consumer society. With tariffs and barriers to protect our industrial base and keep our foreign powers.


This harsh prescription is the only solution. We can't live off of military production which is today about 60% of our industrial base. This is cannibalizing our capitalist society.

Thank you]]> http://seekingalpha.com/article/109509-focus-on-exports-to-revive-the-economy?source=feed#comment-322883 322883
The loonies who want no regulations, no US laws protecting us are insane! As for imports: there is a very simple and quite obvious tool concerning that: tariffs and barriers! The Chinese and Japanese use various interesting barriers we cannot overcome no matter how often we negotiate.

These are non-negotiable. Or worse, they make us tear down even more of our own controls so they can flood us with their exports.

The US has expanded export trade for years and years. But every year, we import more and more, starting in 1970 and onwards. The only year we had a positive money flow was the year Bush Sr sold our entire military to the Saudi Royals and Kuwaiti Sheikhs for billions of dollars!

And since then, our trade imbalance has gotten much, much worse. The writer of this article it typical of people who like to bloviate about international trade. He obviously doesn't track statistics. Nor use them to prove his point. The US trade statistics are horrific and only improve during recessions when everyone simply stops buying much of anything.

The core solutions were cast out after WWII when we were on top of the world. We thought, we could do as we pleased. Now, we are going bankrupt. Free trade is a total disaster for us because we are the world's default currency.]]> Sun, 07 Dec 2008 09:53:52 -0500
The loonies who want no regulations, no US laws protecting us are insane! As for imports: there is a very simple and quite obvious tool concerning that: tariffs and barriers! The Chinese and Japanese use various interesting barriers we cannot overcome no matter how often we negotiate.

These are non-negotiable. Or worse, they make us tear down even more of our own controls so they can flood us with their exports.

The US has expanded export trade for years and years. But every year, we import more and more, starting in 1970 and onwards. The only year we had a positive money flow was the year Bush Sr sold our entire military to the Saudi Royals and Kuwaiti Sheikhs for billions of dollars!

And since then, our trade imbalance has gotten much, much worse. The writer of this article it typical of people who like to bloviate about international trade. He obviously doesn't track statistics. Nor use them to prove his point. The US trade statistics are horrific and only improve during recessions when everyone simply stops buying much of anything.

The core solutions were cast out after WWII when we were on top of the world. We thought, we could do as we pleased. Now, we are going bankrupt. Free trade is a total disaster for us because we are the world's default currency.]]> http://seekingalpha.com/article/109421-the-economic-unwind-speed-kills?source=feed#comment-322793 322793
And of course, it caused the creation of the Federal Reserve. Which was supposed to stop bank crashes. What a great track record that organization has! Every 20 years, off the economic cliff! And the complete devaluation of our currency, the end of our gold based reserves, everything.

Great job of is, eh?]]> Sun, 07 Dec 2008 08:31:46 -0500
And of course, it caused the creation of the Federal Reserve. Which was supposed to stop bank crashes. What a great track record that organization has! Every 20 years, off the economic cliff! And the complete devaluation of our currency, the end of our gold based reserves, everything.

Great job of is, eh?]]> http://seekingalpha.com/article/109421-the-economic-unwind-speed-kills?source=feed#comment-322642 322642
The first time in history, a major, the #2 economic power on earth decided to create a 0% interest banking system. They clung to this despite inflation in Japan rising to nearly 3%. This is the ultimate source of much of the GLOBAL lending we saw this last decade.

The US used this fake, cheap lending to overspend. We allowed our government to go far over budget, doubling our national debt. We also personally and corporately went deep into debt because the payments of interest were ridiculously low.

Now, the entire manufacturing parts of the planet are going ZIRP. This is total insanity. People talk about how we are 'saving money' now. But this is obviously FALSE.

We are PAYING OFF DEBTS. Not saving any money. Most discretionary incomes as well as manufacturing profits and asset value rises are gone. There are none of these happening. We see dropping incomes, dropping profits and dropping assets all over the place.

And the only debts that are now rising are GOVERNMENT. So the great unwinding has barely begun. All negative forces are now at work and will continue. Within my own family, people with good, high paying, productive jobs are now being laid off due to frantic businesses ditching everything overboard, hoping to stay afloat and pay off crushing debts that are not supported by profits anymore.

And as everyone ditches their workers, incomes fall, the ability to even pay mortgages and credit debts collapse and everything gets only worse and worse causing businesses to drop more workers. This is the vicious debt-reduction/depress... cycle we saw in 1873, 1892, 1930, 1972 and today.

Regards,
Elaine Supkis emsnews.wordpress.com]]> Sat, 06 Dec 2008 21:02:26 -0500
The first time in history, a major, the #2 economic power on earth decided to create a 0% interest banking system. They clung to this despite inflation in Japan rising to nearly 3%. This is the ultimate source of much of the GLOBAL lending we saw this last decade.

The US used this fake, cheap lending to overspend. We allowed our government to go far over budget, doubling our national debt. We also personally and corporately went deep into debt because the payments of interest were ridiculously low.

Now, the entire manufacturing parts of the planet are going ZIRP. This is total insanity. People talk about how we are 'saving money' now. But this is obviously FALSE.

We are PAYING OFF DEBTS. Not saving any money. Most discretionary incomes as well as manufacturing profits and asset value rises are gone. There are none of these happening. We see dropping incomes, dropping profits and dropping assets all over the place.

And the only debts that are now rising are GOVERNMENT. So the great unwinding has barely begun. All negative forces are now at work and will continue. Within my own family, people with good, high paying, productive jobs are now being laid off due to frantic businesses ditching everything overboard, hoping to stay afloat and pay off crushing debts that are not supported by profits anymore.

And as everyone ditches their workers, incomes fall, the ability to even pay mortgages and credit debts collapse and everything gets only worse and worse causing businesses to drop more workers. This is the vicious debt-reduction/depress... cycle we saw in 1873, 1892, 1930, 1972 and today.

Regards,
Elaine Supkis emsnews.wordpress.com]]> http://seekingalpha.com/article/108934-our-rube-goldberg-economy?source=feed#comment-319710 319710
The Japanese carry trade flooded the planet with excess credit. This creation of money was instantly translated into other currencies so the yen could hide behind this screen of other currencies suddenly surging in volume, in particular, the dollar.

This flood of currency then sought somewhere it could go and 'grow' in the form of 'investments'. Many countries had investors using pirate islands in the Caribbean and Iceland and other tiny principalities to 'grow' this flood of lending and this is why we had so many bubbles, suddenly.

When the Fed, trying to stem the tide, raised interest rates starting in 2004, this made the carry trade WORSE. And now, it is ending only because all central banks are rushing to make their interest rates the same level as Japan.

So in Japan, the carry trade has reversed. The yen is now getting stronger rather than weaker. And the flood of funny money has ceased. Now, the Fed is trying to be the carry trade! They are trying to flood the world with more debt when the world is drowning in red ink!

No one is drowning worse than the US. Since ALL systems, communist, anarchist, capitalist, democratic, autocratic, large and small are now floundering for the exact same reasons, we CANNOT blame Washington, DC for creating a system that doesn't work via tax laws, etc.

On the other hand, the true problem lies in the floating currency regime launched by Burns and Nixon in 1971. This started the flood of easy credit. This CAN be fixed. This MUST be fixed.

Elaine Supkis, emsnews.wordpress.com]]> Wed, 03 Dec 2008 09:26:38 -0500
The Japanese carry trade flooded the planet with excess credit. This creation of money was instantly translated into other currencies so the yen could hide behind this screen of other currencies suddenly surging in volume, in particular, the dollar.

This flood of currency then sought somewhere it could go and 'grow' in the form of 'investments'. Many countries had investors using pirate islands in the Caribbean and Iceland and other tiny principalities to 'grow' this flood of lending and this is why we had so many bubbles, suddenly.

When the Fed, trying to stem the tide, raised interest rates starting in 2004, this made the carry trade WORSE. And now, it is ending only because all central banks are rushing to make their interest rates the same level as Japan.

So in Japan, the carry trade has reversed. The yen is now getting stronger rather than weaker. And the flood of funny money has ceased. Now, the Fed is trying to be the carry trade! They are trying to flood the world with more debt when the world is drowning in red ink!

No one is drowning worse than the US. Since ALL systems, communist, anarchist, capitalist, democratic, autocratic, large and small are now floundering for the exact same reasons, we CANNOT blame Washington, DC for creating a system that doesn't work via tax laws, etc.

On the other hand, the true problem lies in the floating currency regime launched by Burns and Nixon in 1971. This started the flood of easy credit. This CAN be fixed. This MUST be fixed.

Elaine Supkis, emsnews.wordpress.com]]> http://seekingalpha.com/article/108510-the-credit-crisis-exposes-a-dysfunctional-global-economic-model?source=feed#comment-318124 318124
HAHAHAHA. About as an insane suggestion as I have heard in years! And pray tell, what jobs will 5 million or more new immigrants have? Will they underbid Americans for our jobs, per chance?

As for wiping out 70% of what people owe on their houses: Welcome to the Great Depression! Pick up your apple box as you exit. People who paid off their houses will be pretty steamed about this, eh? As well as the value of housing dropping 70%, the banks transferring all their bonds to the government which then sucks up another $12 trillion in debt obligations? Which often goes to foreign entities?

What a moronic solution!]]> Mon, 01 Dec 2008 10:32:08 -0500
HAHAHAHA. About as an insane suggestion as I have heard in years! And pray tell, what jobs will 5 million or more new immigrants have? Will they underbid Americans for our jobs, per chance?

As for wiping out 70% of what people owe on their houses: Welcome to the Great Depression! Pick up your apple box as you exit. People who paid off their houses will be pretty steamed about this, eh? As well as the value of housing dropping 70%, the banks transferring all their bonds to the government which then sucks up another $12 trillion in debt obligations? Which often goes to foreign entities?

What a moronic solution!]]> http://seekingalpha.com/article/106776-7-key-points-about-deflation?source=feed#comment-310437 310437
The yen carry trade is dead as a sub-1% US Treasury bond sale. The yen is rising in value, Japan's huge exports surplus is dying. These things lead to wars in the past. Only Japan is weak.

The US hangs onto its nuclear arsenal for a reason: it gives us huge veto power over who gets to collect our debts.]]> Wed, 19 Nov 2008 21:49:41 -0500
The yen carry trade is dead as a sub-1% US Treasury bond sale. The yen is rising in value, Japan's huge exports surplus is dying. These things lead to wars in the past. Only Japan is weak.

The US hangs onto its nuclear arsenal for a reason: it gives us huge veto power over who gets to collect our debts.]]> http://seekingalpha.com/article/106776-7-key-points-about-deflation?source=feed#comment-310158 310158
computers became 'cheaper' via the method of moving all our production to China. The Chinese then plan to keep all of this while we look on in horror as they refuse to share computer technology with us prior to the 'military action' the author wrote about, aka, the Apocalypse or WWIII.]]> Wed, 19 Nov 2008 15:17:04 -0500
computers became 'cheaper' via the method of moving all our production to China. The Chinese then plan to keep all of this while we look on in horror as they refuse to share computer technology with us prior to the 'military action' the author wrote about, aka, the Apocalypse or WWIII.]]> http://seekingalpha.com/article/106776-7-key-points-about-deflation?source=feed#comment-310156 310156
Then the cockroaches take over and declare victory over humans.]]> Wed, 19 Nov 2008 15:14:34 -0500
Then the cockroaches take over and declare victory over humans.]]> http://seekingalpha.com/article/106779-isn-t-deflation-a-good-thing?source=feed#comment-310146 310146
It is the same today. As soon as OPEC tightens oil, the tensions caused by low oil prices in the Gulf will lead to insurrections and wars and the price of oil will shoot up again, triggering more inflation.

The US is far, far, deeper in debt this cycle. We were barely in debt during the seventies and we were hammered by high oil prices/high inflation waves that led to interest rates rising to over 12%.]]> Wed, 19 Nov 2008 15:06:18 -0500
It is the same today. As soon as OPEC tightens oil, the tensions caused by low oil prices in the Gulf will lead to insurrections and wars and the price of oil will shoot up again, triggering more inflation.

The US is far, far, deeper in debt this cycle. We were barely in debt during the seventies and we were hammered by high oil prices/high inflation waves that led to interest rates rising to over 12%.]]> http://seekingalpha.com/article/106550-a-gm-collapse-would-signal-hope-for-robin-hood?source=feed#comment-308829 308829
I was there at the hearings in DC!!! The entire GOP half of the committees hearing Paulson and Bernanke all wanted one thing: more tax cuts. Or they would not support the bill!

Note that when the bill was laden with tax cuts and goodies, they cheerfully voted for it! This was right on the heels of the US suddenly running our government deficits at half a trillion IN ONE MONTH.

Mr. Mulligan is selling a stew here. He is passing along a major propaganda point put up by right wing commentators. I am still furious with the reporters in the room that day.

I took notes. Most of them ignored the pre-hearing testimony where the GOP side lined up to demand tax cuts. The entire GOP contingent LEFT THE ROOM when Paulson showed up. This was because they were busy plotting their move to kill the Democratic legislation by voting against it. This so irritated the Democrats, the Chairman of the committee demanded of Paulson, 'And Bush will not veto the bill when we pass it?'

He asked that three times. This is because he expected the GOP to trash the bill so they could blame the Democrats for the bail out. Then force the Democrats to pass a GOP bail bill with the tax cuts. Got that?

I hope everyone understands the underhanded games that go on in DC.

This is Elaine Supkis of EMSnews.wordpress.com]]> Tue, 18 Nov 2008 09:51:51 -0500
I was there at the hearings in DC!!! The entire GOP half of the committees hearing Paulson and Bernanke all wanted one thing: more tax cuts. Or they would not support the bill!

Note that when the bill was laden with tax cuts and goodies, they cheerfully voted for it! This was right on the heels of the US suddenly running our government deficits at half a trillion IN ONE MONTH.

Mr. Mulligan is selling a stew here. He is passing along a major propaganda point put up by right wing commentators. I am still furious with the reporters in the room that day.

I took notes. Most of them ignored the pre-hearing testimony where the GOP side lined up to demand tax cuts. The entire GOP contingent LEFT THE ROOM when Paulson showed up. This was because they were busy plotting their move to kill the Democratic legislation by voting against it. This so irritated the Democrats, the Chairman of the committee demanded of Paulson, 'And Bush will not veto the bill when we pass it?'

He asked that three times. This is because he expected the GOP to trash the bill so they could blame the Democrats for the bail out. Then force the Democrats to pass a GOP bail bill with the tax cuts. Got that?

I hope everyone understands the underhanded games that go on in DC.

This is Elaine Supkis of EMSnews.wordpress.com]]> http://seekingalpha.com/article/105868-bush-s-peculiar-wall-street-speech?source=feed#comment-305326 305326 Thu, 13 Nov 2008 13:16:48 -0500