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  • Will Coca-Cola Save the World on Its Path to Bigger Profits? [View article]
    We have the technology now to create Freshwater from sea water via deceliination. See Tampa Florida. The confusing part is that the ruling elite dont want to use it. Their game is a population reduction. Food shortgages will be the next real problem, not water.
    It is prudent to open your eyes not only to the financials but on the bigger picture that is unfolding. Our governments are not in control of anything.
    Do your research, all the info is at your fingertips.

    Jul 30, 2010. 08:21 AM | 1 Like Like |Link to Comment
  • It's not just bankers - auto dealers and derivatives traders are among those waiting anxiously as Congress enters the final stretch of its financial regulation overhaul. Bills approved by the House and Senate contain numerous differences, and negotiations to hammer out a compromise will begin in earnest this week.  [View news story]
    The bill will be watered down and ineffective.
    Jun 7, 2010. 03:28 PM | Likes Like |Link to Comment
  • It doesn't get the ink but Canada is attracting lots of investor cash, as earnings growth almost equals China’s and shares trade for 18% less. Its banks avoided bailouts and its budget deficit relative to GDP is less than half that of the U.S.  [View news story]
    When you take taxpayer money, that could be used for anything else and use it for this, It a "Bailout" pure and simple. And Leverage is Leverage, no two ways about it. They lose their capital their insolvent.
    Jun 7, 2010. 03:18 PM | Likes Like |Link to Comment
  • Is Housing Already Double Dipping? [View article]
    I gave up commenting some time ago. This happened when the realization hit, due to serious amounts of time spent on getting to the truth of the matter.

    What I found out is that Ludwig Von Mises is of course right. "there is no solution to a debt implosion due to credit expansion."

    There is a lot worse than a double dip coming. The fiat systems around the world are debt laden and collapsing. The USA is bankrupt. One failed treasury auction and shes all over.

    Don't think about housing or markets or cars or all the other BS. Think about survival for you and your families. Find ways to sustain renewable food sources and other items that you will need.

    Tap into sites like Zero Hedge and other blogs like this one that offer more than the financials.

    I am convinced that the power elite is purposely draining wealth from the middle classes, and there is not that much farther to go.

    A reset has to occur and it will be unbearably painful for the 98% that are not in the click.

    This sounds like a doom and gloom comment, but it is an attempt to wake those who will not awaken.

    I see a lot of you have done well with their commentaries, i enjoy reading them and keep up the good work.

    One last note....the truth is out there, its taken me months to search and find out the answers, keep on until you have what you need to make yourself confident. Dont move with the masses.

    Good luck to all...
    Jun 7, 2010. 03:09 PM | 7 Likes Like |Link to Comment
  • It doesn't get the ink but Canada is attracting lots of investor cash, as earnings growth almost equals China’s and shares trade for 18% less. Its banks avoided bailouts and its budget deficit relative to GDP is less than half that of the U.S.  [View news story]
    This is simply not true. The banks in Canada were bailed out to the tune of 118 billion, See Eric Sprott, Sprott Asset Managments summary on this, with the population only one tenth the size of the US. You can times this number by ten to get a clearer picture in relation to the US bailouts. Its about the same per capita amount.
    The biggest bailout was the purchase of 75 billion of bank mortgages via CMHC, now the taxpayers own the mortgages and all the housing risk.
    The Canaidian banks are also all leverged 31-1, some of the highest in the world.
    Apr 19, 2010. 10:57 AM | 2 Likes Like |Link to Comment
  • 2010 Economic Forecast: This Recession Wasn't Any Different than Past Recessions [View article]
    The Author is overly optimistic, The cause is debt due to credit expansion.

    "There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crises should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

    Von Mises is right and we know that they have chosen the 2nd option: destruction of the currency
    Jan 9, 2010. 06:52 PM | 3 Likes Like |Link to Comment
  • Case of the Missing Tax Receipts [View article]
    Sales tax receipts are down so retail sales must be down as well.

    This will not bode well for the states, 2010 and beyond will have reduced numbers as long as unemployment is high. This will cause downgrading of public services and likely effect public layoffs and hiring. We still have a lot of deleveraging to do before we reach any sustainable recovery.

    I can't wait to see how we issue 2.7 trillion in treasuries to pay debt. We will be asking current purchasers of our treasuries to increase their amounts by 200%. Can they? Why would they?

    I am also waiting to see the real budget deficit that comes out in December with Medicare and Social security numbers added in. You know the REAL numbers.
    Dec 31, 2009. 10:03 AM | 3 Likes Like |Link to Comment
  • Why Interest Rates Will Almost Certainly Rise in 2010 [View article]
    I'm sure that I like everyone else is just trying to find logical answers to very difficult issues. What is made more difficult is the obvious attempt to non disclose items of ultimate importance. When trying to make a financial decision based on half-truths it is very unsettling.

    I spend many hours of my time trying to find non-conspiratorial, factual answers to many questions that we all have. When I do I feel compelled to forward it along.

    I find your comment to be of bad taste, but as I have yet to see any worthwhile information coming from your comments, I guess it is expected.

    On Dec 24 07:31 PM tuckfinitee wrote:

    > derryl is right. Interest rates won't rise until there is significant
    > inflation to reduce the value of the debt.
    > By the way Mr. Wizard do you still think the gov is run like Sotheby's
    > or are you coming around to the crime syndicate model.
    Dec 24, 2009. 07:51 PM | 12 Likes Like |Link to Comment
  • Why Interest Rates Will Almost Certainly Rise in 2010 [View article]

    This is a must read article from Eric Sprott, Sprott Asset Management out of Toronto. Seems like the Canadians know more about the Fed than the US, or at least they will talk about it.

    There is a missing "Phantom" 700 billion in treasury purchases allocated to "household" category in 2009.

    This is definitely a eye opener. In order for the treasury to roll 3 trillion in debt for 2010 all purchasers have to increase their buying by 200%. "It AINT GONNA HAPPEN".
    Dec 24, 2009. 06:09 PM | 16 Likes Like |Link to Comment
  • California vs. Greece: Two Economies in Trouble [View article]
    Well, Well... No lobby money pays for elections in your mind. This is just the top 20 donations to 2008 Barack Obama's 730 million campaign.
    Now this does not include all the other candidates or ongoing congressman an senate contributions. This is a multi-billion dollar business. Now why would you contribute unless you wanted something in return?

    University of California $1,591,395
    Goldman Sachs $994,795
    Harvard University $854,747
    Microsoft Corp $833,617
    Google Inc $803,436
    Citigroup Inc $701,290
    JPMorgan Chase & Co $695,132
    Time Warner $590,084
    Sidley Austin LLP $588,598
    Stanford University $586,557
    National Amusements Inc $551,683
    UBS AG $543,219
    Wilmerhale Llp $542,618
    Skadden, Arps et al $530,839
    IBM Corp $528,822
    Columbia University $528,302
    Morgan Stanley $514,881
    General Electric $499,130
    US Government $494,820
    Latham & Watkins $493,835

    Total $388,278,755

    The banks all got bailouts, Goldman got 100 cents on the dollar from AIG, GE gets "cash for washers & dryers". all the others got lucrative contracts.

    Anybody that does not realize that this is one of the main roots of the corruption just does or cant or refuses to admit it.

    Imagine if you had to elect yourself based on integrity, with your own money, because you wanted to contribute and do whats right for America.

    George Washington lived on a small pension with basically no assets, as did many of our founding fathers, check it out.

    Our system is corrupt, most of our politicians are corrupt, and the only way to reverse this trend is demand a overhaul. This has to come from the people and be enforced id need be.

    On Dec 23 04:18 PM tuckfinitee wrote:

    > Mr. Wizard I don't get your point about lobbying and campaign contributions.
    > Only a few lobbyists(and corp)have power. What about all the times
    > lobbyists don't get what they want? Or worse get hurt by legislation?
    > Whoever they represent still has to pay and pay. So where's the real
    > power? If the pro forma lobby kick up is halted transfers would just
    > be shifted to a more European model. And no that doesn't mean personally
    > collecting cash at a Buddhist temple.
    Dec 23, 2009. 05:17 PM | 7 Likes Like |Link to Comment
  • California vs. Greece: Two Economies in Trouble [View article]
    Nice post!

    California is its own worst enemy. Big Government is the issue with Arnold getting very little support from his fellow Government. So the answer is thro out the homemakers and make people walk to work.

    There are thousands of people with over $100,000 Government pensions that have been hand fed by the California Government.

    In fact the average public servant makes 25% more than a private sector worker in the US.

    Obama wants bigger Government, California wanted big Government.

    The issue here is big Government all the way around. Let them roast, the only way out now for the US/California is a default, change of leadership and renew democracy for what the founding fathers intended.

    Wall street controls politics, this simple fact can be traced to every issue that needs to be rectified.

    Start by disallowing campaign contributions from Lobby parties. That will get rid of the trash, the stands will be bare for the rest of the game after that.

    Why would a politician give up a million dollar job for something that pays 200,000 with tons of stress. The cleansing is simpler than one may seem.
    Dec 23, 2009. 03:19 PM | 9 Likes Like |Link to Comment
  • Geithner: There Will Be No Double-Dip [View article]
    Unfortunately economists that aren't owned by the Government don't agree. Anything they say I can't believe anymore. Ben B missed on all counts so far right up until the meltdown was upon us. Tim G has the same track record.

    I sincerely hope that people don't buy into this propaganda machine and bet their wealth on what those fools are doing and saying.

    The plain fact that "Big O" and "Big B" and "Little G" are in the limelight promoting this crap says it all. The questions are programmed so you wont get any real answers to "Real" economic questions.

    This Government will be the downfall of America. No empire can withstand the kind of debt with future liabilities like the US has. By 2015 a full 30% of all tax receipts will go to debt servicing. How do we live a grand lifestyle with that concrete necktie. We don't.

    Foreign buyers of debt are fleeing, (its in the numbers). Russia and China announcing their buying the "loonie" Central banks buying Gold. Bric going their own currency method. Saudi, UAE. Turkey, changing oil prices to something other than dollars.

    3 trillion of debt to be rolled next year alone.

    Who buys MBS when the FED quits? What happens to the Life support patient when QE expires, we barely have a heart rate now.

    Why the 67% GDP revisions from 3.7 to 2.2? Propaganda.

    If we are recovering, why don't we raise the interests rates?

    Why wont the FED divulge what they are paying for MBS.

    Why are the HFT computers allowed to game the markets?

    How come TALF participant Goldman is allowed to pay out bonuses?

    Why are the CEO of these financial disasters not fired or charged or both?

    Why did he allow Goldman to get 100 cents on the dollar from AIG, with no negotiation?

    How come they don't use the U6 unemployment number at 17%.

    How come home foreclosures are more than total home sales and we are told we are recovering?

    Why has their been no inventory for 40 years on our Gold supposedly in our treasury, is it still there?

    Why does he not support the Audit the FED bill?

    Why is a private entity (Federal Reserve) allowed to control monetary policy, when it is obviously skewed to Wall Street?

    Why is the Feds mandate for low unemployment not followed?

    Why is the Fed meeting with Goldman before bailing AIG?

    I am so tired of this crap that we are eating

    Someone ask him some real questions. Its about time people got mad " Plain Mad Dog Mad" .
    Dec 23, 2009. 12:28 PM | 18 Likes Like |Link to Comment
  • Remember When the Market Rallied on 3.5% GDP? [View article]
    Great lady Mary! I wouldn't call her a fake though...

    That's like saying Walt Disney didn't have an imagination.

    On Dec 22 04:43 PM Graham and Dodd Investor wrote:

    > That line was from "Mary Poppins."
    > A fake if there ever was one.
    Dec 22, 2009. 07:47 PM | Likes Like |Link to Comment
  • Home Sales Skyrocket, Backlog Clears [View article]
    Add the charts for total foreclosures, which are greater than total sales. Then add in the shadow bank inventory caught in the system backlogs.

    My lord how are we ever going to solve this mess if no one takes it seriously.
    Dec 22, 2009. 03:25 PM | 2 Likes Like |Link to Comment
  • Declining Credit Spreads Still Point to Brighter Future [View article]
    At 2.2% you just have to take out Cash for Clunkers and we flatlined. That's a 67% total revision. We Barely have a pulse, that with 12 trillion already pumped in.

    What do we do with a market rally that is already baked in of a 3.7% GDP, just ignore it and wait for the Q4 BS rally to take place and then ignore its revisions three times.

    You can no longer rely on the cooked GDP numbers anymore to make investment decisions.

    Just ask John Williams at Shadowstats .

    Your data is much different on the west coast than mine on the east apparently.
    Dec 22, 2009. 03:16 PM | 3 Likes Like |Link to Comment