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Alt 20.05.2008, 10:37   #91
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19. Mai 2008

STAMMZELLEN

Großbritannien erlaubt Herstellung von Mensch-Tier-Embryonen

Die Debatte war kontrovers, aber am Ende stand eine deutliche Mehrheit: Das britische Unterhaus hat der Herstellung von Embryonen aus menschlichem Erbgut und Eizellen von Tieren für die Stammzellenforschung zugestimmt. Kritiker befürchten jetzt eine "Frankenstein-Wissenschaft"....

......Britischen Forschern war es Anfang April erstmals gelungen, Chimären-Embryonen aus menschlichem Erbgut und Eizellen von Kühen zu erzeugen (mehr...)......

ganzer Artikel: http://www.spiegel.de/wissenschaft/...,554214,00.html

**************************************************************

...beängstigend
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Alt 21.05.2008, 12:05   #92
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Zitat des Tages - aus Trader's Daily

„Die zehn Gebote Gottes enthalten 279 Wörter, die amerikanische Unabhängigkeitserklärung 300 Wörter, die Verordnung der europäischen Gemeinschaft über den Import von Karamellbonbons aber exakt 25911 Wörter.“

- Verfasser unbekannt
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Alt 21.05.2008, 18:15   #93
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Alt 22.05.2008, 19:10   #94
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Posted On: Thursday, May 22, 2008, 12:18:00 PM EST

Dumb and Dumber Awards 2008

Author: Jim Sinclair


Dear CIGAs,

The Dumb Award for the year goes to our revered legislators who have passed a bill allowing civil litigation against the Saudis over oil prices If you want to see crude at $200 tomorrow, all you have to do is anger the source of energy.

Now comes the Dumber Award, which is coveted due to the difficulty in getting it.

The markets for crude, currency and gold are GLOBAL.

Gold was sold due to fear this might apply to the yellow metal as well.

It would be bullish to shut down the US market for gold because then you would have a thin market with a positive Euro bent on gold and a more positive global market would be created.

No access for major traders will be denied, that you can be sure of. I would love to see US trading stopped in paper gold. That would be good for $150 on the upside after less than 24 hours.

The poor COT would not be able to create the influence on the global market they do with the aid of the US paper market cabal.

Europe and Asia are more respectful of the price of cash trading in gold. They prefer less regulation with greater privacy

Selling gold on the comment below regarding Oil is a criterion that will short list you for the Dumber Award of 2008.

Gold is headed for at least $1650 by January 14th, 2011. This price objective will likely be reached sooner. I expect the price of Gold to reach $1200 in 2008.

Things are infinitely worse than the media and statistics present.

Consequences cannot be avoided.

The US dollar on the USDX will trade at .62 and then .52.

U.S. Congress could ban speculators from commodities *Bloomberg News
Published: May 21, 2008


WASHINGTON: The chairman of a Senate oversight committee has said he is considering legislation to place limits on large institutional investors in commodities markets, which have posted record prices this year in agricultural products and oil.

The legislation would be aimed at speculators and other investors who use commodities as a way to hedge against swings in other investment instruments like stocks and the dollar, said Joseph Lieberman, chairman of the Senate Homeland Security and Government Affairs Committee, at a hearing Tuesday.

Crude oil reached $132.25 a barrel Wednesday, the highest price ever, and it has almost doubled in the past 12 months. Wheat, corn, soybeans and rice have all set record highs this year on the Chicago Board of Trade, spurring food inflation. The Reuters/Jefferies CRB index of 19 commodities surged 31 percent in the year that ended April 30.

"We may need to limit the opportunity people have to maximize their profits because a lot of the rest of us are paying through the nose, including some who can't afford it," said Lieberman, Independent of Connecticut.

The plunging value of the dollar, the U.S. housing crisis and widespread problems in the banking sector have led investors away from traditional instruments and toward commodities, witnesses said.

More…

* das wäre ein Fest beim Gold
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Alt 23.05.2008, 09:56   #95
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Senegal

Gestrandete Wale gerettet

Fischer brachten dutzende an der Küste des Senegal gestrandete Grindwale wieder zurück ins Meer und retteten so die meisten der Meeressäuger.

http://www.faz.net/s/Rub0D783DBE76F14A5FA4D02D23792623D9/Doc~E49BD40DD695C41E0B43E3E0D692F08D2~ATpl~Ecommon~SMed.html?rss_aktuell


.....leider verendeten trotzdem noch viele am Strand - dank der von Menschen geschaffenen Umwelt
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Alt 24.05.2008, 09:51   #96
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Jim Sinclair’s Commentary

First we got a computer glitch that did it at Moody's. Now we get a story about how the butler from Merrill did it, and we did not even know they had a butler.

What next?

I imagine the cleaning lady did it at night when no one was there to supervise her mopping up the OTC derivative mess.

Merrill Suspends Trader, Finds Overvalued Derivatives (Update1)
By Jacqueline Simmons and David Scheer


May 23 (Bloomberg) -- Merrill Lynch & Co., the third-largest U.S. securities firm, is probing one of its trading desks in London and has suspended a trader after discovering he may have overstated the value of some of the bank's equity derivatives.

``The firm routinely reviews the marks our traders set,'' Merrill spokesman Jezz Farr said today in an e-mailed statement. ``Our preliminary review determined that one desk used marks that appear to be outside of our accepted policy. We have suspended a trader and we continue to review this matter.''

The trader, whom Merrill declined to identify, was a member of a team that traded derivatives based on individual stocks for the firm's own account, according to a person with direct knowledge of the matter. Merrill, based in New York, has determined that he may have overstated the value of some holdings by less than 10 million pounds ($19.8 million) during April, when his marks were detected, the person said.

Declines on European and U.S. markets this year have exposed a growing list of errant traders, tarnishing firms including Credit Suisse Group and Societe Generale SA. The discovery of potential trading lapses at Merrill may spur regulatory scrutiny as Chief Executive Officer John Thain works to reassure shareholders that the firm has improved risk management after his predecessor's bad bets on mortgages contributed to a record loss of $7.8 billion in 2007.

More…


...die Menschheit will anscheinend für doof verkauft werden
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Alt 24.05.2008, 10:01   #97
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It's not an Oil Crisis it's a Dollar Crisis

Peter Schiff
May 23, 2008


It is unfortunate that the Supreme Court, in its ruling this week that U.S. currency is unfair to the blind, did not make the next logical step and declare it unfair to everyone who buys gasoline.

In their search for explanations as to why oil has surged past $130 per barrel, Washington, Wall Street, and the financial media are as clueless as cavemen after a freak summer snow storm. Despite the head scratching, the blame game is nevertheless in full force. Speculators and big oil companies are being trotted out as scapegoats, and increased margin requirements and taxes on windfall profits and futures trading have been mentioned as appropriate sanctions. It should be clear that this is pure farce, and that no one understands what is actually happening.

The reality is that after years of reckless consumption and dollar debasement, Americans are now being priced out of markets over which they formerly held unchallenged title. As more affluent foreigners consume more of the resources and products they previously supplied to us, Americans are being forced to cut back. The rising dollar-based price of gasoline is simply an illustration of this global trend.

Poorly concealed behind contrived government statistics, the signs of America's falling standard of living are everywhere; all one has to do is look. We are unloading SUVs for less desirable compacts, and are paying more to fly on crowded planes (where we pay to check luggage and dine only on what we bring onboard). We drink our lattes at McDonalds or not at all, and we increasingly forego dining out, trips to the mall, and vacations, just so we can scrape together enough to fill our gas tanks and kitchen pantries, pay taxes and insurance, or make credit card, mortgage or car payments.

The collective belt tightening is simply the down payment on the Government's massive bailout of Wall Street investment banks and mortgage lenders. As the Fed creates money to buy bad mortgages and other shaky securities held by banks and brokerage firms, the value of the savings and wages of everyone on Main Street will continue to fall. As a result, the costs of products previously taken for granted have begun to bite.


The various housing bills and stimulus packages now passing through Congress will add significantly to the staggering final price tag. In the end, the "free lunch" currently being dished out by Washington will be the most expensive meal ever served. The cost will be borne by ordinary Americans citizens every time they open their wallets. Four dollar gasoline is just the beginning.

For all the talk of increased global demand, few seem to understand from where it actually comes. The surge in global demand is both a function of the increased purchasing power of foreign currencies and the fact that foreigners are choosing to spend more of their incomes themselves. In other words Greenspan's famous "global savings glut" is turning into a global consumption binge, with Americans unable to crash the party. This trend will only get worse as the dollar-denominated price of just about everything that is either imported, or capable of being exported, goes through the roof.

We can look for scapegoats all we want but the simply fact is Americans are going to have to get used to a much lower standard of living. Those who have been putting all the food on our tables are finally pulling up chairs themselves.


http://www.321gold.com/editorials/s...hiff052308.html
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Alt 24.05.2008, 13:07   #98
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Why do Bush, the vichycrat and McBush hate America?

Joe Biden responds to the insufferable quisling's neocon-whoring op-ed in the Whore St Fishwrap:

On Wednesday, Joe Lieberman wrote on this page that the Democratic Party he and I grew up in has drifted far from the foreign policy espoused by Franklin Roosevelt, Harry Truman and John Kennedy. In fact, it is the policies that President George W. Bush has pursued, and that John McCain would continue, that are divorced from that great tradition – and from the legacy of Republican presidents like Ronald Reagan and George H.W. Bush...

Last week, John McCain was very clear. He ruled out talking to Iran. He said that Barack Obama was "naïve and inexperienced" for advocating engagement; "What is it he wants to talk about?" he asked.

Well, for a start, Iran's nuclear program, its support for Shiite militias in Iraq, and its patronage of Hezbollah in Lebanon and Hamas in Gaza.

Beyond bluster, how would Mr. McCain actually deal with these dangers? You either talk, you maintain the status quo, or you go to war. If Mr. McCain has ruled out talking, we're stuck with an ineffectual policy or military strikes that could quickly spiral out of control.

It's beautiful -- read the whole thing here ---> It's amazing how little faith George Bush, Joe Lieberman and John McCain have in themselves – and in America.
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Alt 25.05.2008, 22:05   #99
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Investment Outlook Bill Gross | June 2008

Hmmmmm?

Download Audio
You can fool some of the people all of the time,
and all of the people some of the time,
but you cannot fool all of the people all of the time.
– Abraham Lincoln

What this country needs is either a good 5¢ cigar or the reincarnation of an Illinois “rail-splitter” willing to tell the American people “what up” – “what really up.” We have for so long now been willing to be entertained rather than informed, that we more or less accept majority opinion, perpetually shaped by ratings obsessed media, at face value. After 12 months of an endless primary campaign barrage, for instance, most of us believe that a candidate’s preacher – Democrat or Republican – should be a significant factor in how we vote. We care more about who’s going to be eliminated from this week’s American Idol than the deteriorating quality of our healthcare system. Alternative energy discussion takes a bleacher’s seat to the latest foibles of Lindsay Lohan or Britney Spears and then we wonder why gas is four bucks a gallon. We care as much as we always have – we just care about the wrong things: entertainment, as opposed to informed choices; trivia vs. hardcore ideological debate.

It’s Sunday afternoon at the Coliseum folks, and all good fun, but the hordes are crossing the Alps and headed for modern day Rome – better educated, harder working, and willing to sacrifice today for a better tomorrow. Can it be any wonder that an estimated 1% of America’s wealth migrates into foreign hands every year? We, as a people, are overweight, poorly educated, overindulged, and imbued with such a sense of self importance on a geopolitical scale, that our allies are dropping like flies. “Yes we can?” Well, if so, then the “we” is the critical element, not the leader that will be chosen in November. Let’s get off the couch and shape up – physically, intellectually, and institutionally – and begin to make some informed choices about our future. Lincoln didn’t say it, but might have agreed, that the worst part about being fooled is fooling yourself, and as a nation, we’ve been doing a pretty good job of that for a long time now.

I’ll tell you another area where we’ve been foolin’ ourselves and that’s the belief that inflation is under control. I laid out the case three years ago in an Investment Outlook titled, “Haute Con Job.” I wasn’t an inflationary Paul Revere or anything, but I joined others in arguing that our CPI numbers were not reflecting reality at the checkout counter. In the ensuing four years, the debate has been joined by the press and astute authors such as Kevin Phillips whose recent Bad Money is as good a summer read detailing the state of the economy and how we got here as an “informed” American could make.

Let me reacquaint you with the debate about the authenticity of U.S. inflation calculations by presenting two ten-year graphs – one showing the ups and downs of year-over-year price changes for 24 representative foreign countries, and the other, the same time period for the U.S. An observer’s immediate take is that there are glaring differences, first in terms of trend and second in the actual mean or average of the 2 calculations. These representative countries, chosen and graphed by Ed Hyman and ISI, have averaged nearly 7% inflation for the past decade, while the U.S. has measured 2.6%. The most recent 12 months produces that same 7% number for the world but a closer 4% in the U.S.


This, dear reader, looks a mite suspicious. Sure, inflation was legitimately much higher in selected hot spots such as Brazil and Vietnam in the late 90s and the U.S. productivity “miracle” may have helped reduce ours a touch compared to some of the rest, but the U.S. dollar over the same period has declined by 30% against a currency basket of its major competitors which should have had an opposite effect, everything else being equal. I ask you: does it make sense that we have a 3% – 4% lower rate of inflation than the rest of the world? Can economists really explain this with their contorted Phillips curve, output gap, multifactor productivity theorizing in an increasingly globalized “one price fits all” commodity driven global economy? I suspect not. Somebody’s been foolin’, perhaps foolin’ themselves – I don’t know. This isn’t a conspiracy blog and there are too many statisticians and analysts at the Bureau of Labor Statistics (BLS) and Treasury with rapid turnover to even think of it. I’m just concerned that some of the people are being fooled all of the time and that as an investor, an accurate measure of inflation makes a huge difference.


The U.S. seems to differ from the rest of the world in how it computes its inflation rate in three primary ways: 1) hedonic quality adjustments, 2) calculations of housing costs via owners’ equivalent rent, and 3) geometric weighting/product substitution. The changes in all three areas have favored lower U.S. inflation and have taken place over the past 25 years, the first occurring in 1983 with the BLS decision to modify the cost of housing. It was claimed that a measure based on what an owner might get for renting his house would more accurately reflect the real world – a dubious assumption belied by the experience of the past 10 years during which the average cost of homes has appreciated at 3x the annual pace of the substituted owners’ equivalent rent (OER), and which would have raised the total CPI by approximately 1% annually if the switch had not been made.

full story: http://www.pimco.com/LeftNav/Featur...O+June+2008.htm

...Bill Gross ist ja nicht irgend ein Möchtegern - ob die FED auch mal hinhört Gross is one of the world's largest mutual fund managers, focusing mostly on bonds. Called "the nation's most prominent bond investor" by the New York Times[1], he manages Pacific Investment Management's Total Return fund (the world's largest bond fund and fifth largest mutual fund) and several smaller ones.[2]

http://en.wikipedia.org/wiki/William_H._Gross
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Alt 27.05.2008, 10:20   #100
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Sagi


I read this article first on 'Winning the Lotto ticket' S@N&B has been a thread writer way before I ever got onto GIM. His was the first thread I ever read and to date he posts some amazing articles. Just 11 hours ago he posted this one. I am not ashamed to repost it here because he is so good at finding the most amazing articles. A regular reader, I normally do not plagerize his work and research, but when I do I give credit. So here is that article reposted here.


The Asian Dragon Cometh...

-- Posted Monday, 26 May 2008 | Digg This Article | Source: GoldSeek.com

By: Malcolm Bucholtz

This past week-end I had a most unique experience when I had the chance to meet a visiting delegation of Chinese investors who had come to the Province of Saskatchewan in Canada to seek out resource based acquisitions.

One question I levelled at this group had to do with the China-US trade deficit. I pointed out that up until recently, China had been a big buyer of US Treasuries which had the effect of keeping interest rates down in the US. But, this only exacerbated the trade deficit situation. I inquired whether China would consider "dumping" its US Dollars in favor of Gold, Euros or other currencies. The answer shocked me. Without batting an eyelash, the spokesman for the group told me that China intends to use its stash of US Dollars to buy up hard, physical resources in North America so as to ensure that China has a good supply of commodity resources to last well into the future. I think we are about to witness the biggest transfer of wealth in the past 100 years. We are all going to wake up one day in the not so distant future and find that we do not own any of our own resources. We will come to this reality as we drink our morning coffee brewed from beans grown in a Chinese owned coffee plantation in Brazil, get dressed in our suit made in China and get into our Chinese made car to drive to our place of work now owned by a Chinese firm.

Another question I posed had to do with food. They were quick to point out something that we often overlook. In the south of China, the climate is hot and humid and the land capable of producing 2 or 3 crops a year, providing enough potash fertilizer is added to the soil. Here in North America we typically take off only 1 crop per year. In the north part of China, the terrain more closely resembles what we have in North America. But, China is looking at ways to run water pipelines to this part of the country so as to enhance agricultural output. So, there will not be a famine in China, nor will China force food prices to unbearable heights.

On the topic of Gold, I was told proudly that right now China is the world's #1 gold producer with South Africa sitting at #2. But, the reserves of Gold remaining in the ground in China is not significant. Hence China will be going on an acquisition hunt for gold mines and near-to-production gold stories around the world. Keep your eye on this theme....I expect it will make for some interesting trading opportunities.

Lastly, I asked what would happen if North America slipped into recession. I was told in no uncertain terms that this is not viewed as a concern. Firstly, Asia as a whole is demanding more consumer goods all the time and this will help offset any drop in demand from North America. But, more importantly, if the economy slows people will forgo higher end more expensive goods in favor of lower end goods sold at...you guessed it - WalMart and manufactured in.....yes you guessed it again - China. So while we fret and worry here in North America about recession, the Chinese remain calm, cool and collected.

For me, this chance to spend a day with this delegation was an eye opener. If I can offer readers of this blog one piece of sage advice - enrol your kids in Chinese language lessons...now!! And while you're at it, see if you can find some Chinese lessons for adults too....



Malcolm Bucholtz ( a.k.a. "Meridian" ) is a former stockbroker and commodity trader from Canada with a talent for both technical and fundamental analysis. Each week through his writings, Malcolm makes it a point to give the best possible information to his readers; information that has proven very profitable to those that have acted on it. When not writing, Malcolm consults to the small cap mineral exploration sector. He is also a principal in Atlanta based Brookhaven Advisors.


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....wir werden uns auch noch wundern
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Alt 27.05.2008, 16:23   #101
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...von einem AmiBoard

Well, Georgie, here's another fine clusterfawk you've got us into.
Record decline in housing prices.
High unemployment numbers.
Record high for oil and gas.

That's your GOP in action. With them in power who needs terrorists?
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Alt 27.05.2008, 16:36   #102
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Angehängte Grafiken
Dateityp: jpg Roubini.jpg (37,6 KB, 27x aufgerufen)
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Alt 28.05.2008, 09:38   #103
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axstone

Great Piece .. thank you Mr. Schoon..

THE SHELL GAME

Darryl Robert Schoon
May 26, 2008
Modern economics is not rocket science. In fact, it�s not science at all. It�s a game, a confidence game. Once paper passed for money, economics became an elaborate shell game designed to hide the fact paper had been substituted for silver and gold. Debt ratings are an attempt to quantify confidence in paper assets and are an essential part of the game. The shell game is called �Where�s The Money?� The answer is simple, it�s not there.
The question “where did the money go during the Great Depression?” has now been answered to my satisfaction. During the Great Depression, money essentially disappeared and, as a consequence, consumer and business demand collapsed as did prices, beginning a downward coreolis-like spiral that was to suck the global economy into an economic black hole.
My study of the Great Depression began in the 1990s and the subsequent collapse of the dot.com bubble provided a real-time corroboration of assumptions about the connection between loose credit, excessive speculation, and financial bubbles; and, now, in 2008, one of my most troubling questions about the depression has been answered—where did the money go during the Great Depression?
Plunge In US Commercial Property, an article by Daniel Pimlott posted on FT.com (Financial Times) May 21, 2008 provided a critical clue:
Commercial property prices in the US in February saw their sharpest decline since records began nearly 15 years ago as sources of finance for deals has dried up, according to data from Standard & Poor’s out yesterday.
The value of commercial buildings fell 1.03 percent between January and February, the largest monthly decline since at least 1993, when the industry was just emerging from a deep slump.
The fall in national property prices comes as banks have retrenched on lending due to credit crisis and the slowing economy, causing the volume of deals to slow sharply. The market for commercial mortgage-backed securities, which until last August was a major route to cheaper borrowing, has largely ground to a halt.
Sales of commercial properties were down 71 per cent in the first quarter compared with a year earlier, according to data from Real Capital Analytics.
The fact that sales of US commercial real estate fell an astounding 71 % from 1st quarter 2007 to 1st quarter 2008 is shocking and the implications are quite serious. The cause of the slowdown, however, provided the very clue I was seeking.
Commercial property prices in the US...saw their sharpest decline…as sources of finance for deals has dried upas banks have retrenched on lending due to credit crisis…
DURING THE GREAT DEPRESSION
MONEY DID NOT DISAPPEAR
CREDIT DID
The answer to: Where did the money go in the Great Depression? is found in the metaphor of the shell game. It is now clear that money didn’t disappear during the Great Depression, credit disappeared.
The money was never there in the first place. Money had been replaced by credit in the shell game introduced by the Federal Reserve in 1913 when the Federal Reserve began issuing credit-based Federal Reserve notes in place of the savings-based money from the US Treasury.
For details on how the shell game is run, Professor Antal E. Fekete’s description of the check kiting scheme between the US Treasury and Federal Reserve provides crucial information for those perhaps wishing themselves to live off the earnings of others.
It is epitomized by an elaborate check-kiting conspiracy between the U.S: Treasury and the Federal Reserve. Treasury bonds, contrary to appearances, are no more redeemable than Federal Reserve notes. It’s all very neat: the notes are backed by the bonds, and the bonds are redeemable by the notes. Therefore each is valued in terms of itself, rather than by an independent outside asset. Each is an irredeemable liability of the U.S: government. The whole scheme boils down to a farce. It is check-kiting at the highest level. At maturity the bonds are replaced by another with a more distant maturity date, or they are ostensibly paid in the form of irredeemable currency. The issuer of either type of debt is usurping a privilege without accepting the countervailing duty. They issue obligations without taking any further responsibility for their fate or for the effect they have on the economy. Moreover, a double standard of justice is involved. Check-kiting is a crime under the Criminal Code. That is, provided that it is perpetrated by private individuals. Practiced at the highest level, check-kiting is the corner-stone of the monetary system.
GOTTERDÄMMERUNG The Twilight of Irredeemable Debt, Antal E. Fekete, April 28, 2008
http://www.professorfekete.com/artic...rdammerung.pdf
THE STUDY OF MODERN ECONOMICS IS SIMILAR
TO THE STUDY OF RELIGION IN A TIME OF IDOLATRY
In the shell game of modern economics, credit replaces money and when credit gives rise to speculative bubbles, the collapse of those bubbles leads to the defaulting of debt which causes credit to disappear and the economy to collapse.
The credit based shell game, however, is nearing its end. The historic credit contraction that began in August 2007 is still in progress. Despite the efforts of central bankers, credit is still disappearing and, just as in the Great Depression, the credit contraction is continuing to spread causing more and more debt to default.
Credit, the fertilizer of human debt, when no longer available effectively spells the end of the legalized shell game masquerading as modern economics; but the kreditmeisters, their global confidence game now damaged by an unexpected lack of confidence on the part of the marks, sic investors, however, will not give up their scam easily.
THE CONUNDRUM OF THE KREDITMEISTERS
Those running the shell game, the central bankers and their codependent brethren, investment bankers, are terrified of losing their day jobs, They have lived well for three hundred years (since the establishment of the Bank of England in 1694) leveraging the productivity of others and we can be assured they will do everything in their considerable power to keep their lifestyle intact..
At this time the central bankers are collectively engaged in financial triage as they attempt to replace the credit that is rapidly being withdrawn in the face of ever increasing amounts of defaulting debt.
Following the same play book they used in the aftermath of the dot.com collapse, the Fed has quickly cut rates from 5.25 % to 2 % but this time they will not ignite a housing bubble as they did the last time. This time, they will do worse. This time, they will burn down the house.
BURNING DOWN THE HOUSE
In the long run, there is no short run
In retrospect it will all be clear, the mistakes, the reasons, the excuses, the results. Now, however, in the beginning of the collapse, events appear more problematic, the outcome still unknown. Nonetheless, even in the fog of unexpected events, certain things can be known and safely predicted; and, one of them is that we are now on the road to hyperinflation.
Appointing “Helicopter Ben” Bernanke to head the Federal Reserve now is akin to sending Sammy the Bull, the mafia hit-man, to negotiate with the Palestinians and Israelis; and when the news comes back that Sammy the Bull shot and killed the Palestinians and Israelis at the negotiating table, we should not be surprised—just as we should not be surprised that Ben “the printing press” Bernanke is erring on the side of excess in the current economic crisis by providing even more credit, by shoving even more debt based paper into now a burning house.
WHEN A HOUSE OF PAPER MONEY BURNS
Hyperinflation is to inflation like pneumonia is to a cold. Though similar, the former is much more consequential; and whereas pneumonia can sometimes kill, hyperinflation is a veritable death sentence. Hyperinflation always ends in the total destruction of paper money. In hyperinflation, the value of paper money reverts to its mean—ZERO.
The past is indeed prologue when it comes to humanity, printing presses, and the recurrent desire of governments to turn paper into gold; which through the alchemy of central banking is possible—though only for a limited time.
While central bankers and governments do not intend to cause hyperinflation anymore than drunk drivers intend to crash, they are nonetheless responsible for the decisions that lead to hyperinflation and deflationary depressions.
The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century.
Professor Laurance Kotlikoff, Federal Reserve Bank Review St Louis July/Aug 2006
The US is the largest economy in the world and the US dollar is the world’s reserve currency. Its central bank, the Federal Reserve, is the most influential, and Ben “the printing press” Bernanke is its chairman. We should not be surprised at what is now going to happen to the US, the US dollar and the world economy.
As the Fed is busy bailing out international investment banks with America’s money, we should be more concerned with what is going to happen to us; because when the US dollar goes up in smoke, the US economy will go down in flames and the world economy will stumble badly, if not collapse completely.
Hyperinflation will destroy both the US dollar and the US economy and the world will not be unaffected. Professor Kotlikoff’s warning about a US hyperinflation was published in 2006; and, now in 2008, US printing presses under Fed chairman Ben Bernanke are running faster than they’ve ever been run before.
HYPERINFLATION IS LIKE STEPPING OFF A CLIFF.
YOU ONLY EXPERIENCE IT AFTER YOU’VE GONE TOO FAR
Friedrich Kessler, a law professor at Harvard and at Boalt Hall UC Berkeley described the onset of hyperinflation during the Weimar Republic in Germany.
It was horrible. Horrible! Like lightening it struck. No one was prepared. You cannot imagine the rapidity with which the whole thing happened. The shelves in the grocery stores were empty. You could buy nothing with your paper money.
From Fiat Paper Money, The History And Evolution of Our Currency $28.50 by Ralph T. Foster, tfdf@pacbell.net (510) 845-3015 This book, a primer on the end game, is everything you wanted to know about fiat paper money and were too afraid to ask.

At Session III of Professor Fekete’s Gold Standard University Live in February, I discussed the possibility of a sequential or simultaneous hyperinflationary deflationary depression, the economic equivalent of having both a severe heart condition and a possibly fatal cancer at the same time. Such is not impossible; in fact, it is increasingly likely.
I highly recommend the thorough and studied analysis of hyperinflation and concurrent possibilities in John Williams’ Hyperinflation Special Report, Shadow Government Statistics, Series Issue No. 41, April 8, 2008, http://www.shadowstats.com/article/292. John Williams also references and recommends Ralph T. Foster’s Fiat Paper Money, The History And Evolution of Our Currency noted above.
The critical question should now be asked: What can we do?
THE PARACHUTE OF GOLD AND SILVER
JUMPING OUT OF UNCLE BEN’S SPUTTERING HELIPCOPTER
The following is from The Nightmare German Inflation, Scientific Market Analysis, 1970, which describes the extreme hyperinflationary conditions during the Weimar Republic in the 1920s:
The ones who fared best were the small minority who had the foresight to exchange marks into foreign money or gold very early, before new laws made this difficult and before the mark lost too much value.
The difference between 1920s Germany and today is that there are no longer any currencies convertible to precious metals. In the 1920s, when hyperinflation destroyed the German mark, other currencies were still tied to gold. Today, this is no longer the case. Today, only gold and silver will offer guaranteed monetary refuge during the coming crisis.
A hyperinflation is a monetary phenomena caused by the rapid printing of money not convertible to gold or silver. The inflation of the paper money supply happens gradually, but hyperinflation is itself a sudden-onset phenomena. Suddenly and unexpectedly, inflation becomes hyperinflation and unless you are already prepared, it is already too late.
Today, we are moving closer to the end game, the resolution of past monetary sins when the banker’s shell game is exposed for what it is—a monetary abomination, a parasite on the economic body that over time kills the host on which it feeds.
Be aware. Be careful. Be safe.
Have faith.
Note I: I now have a blog, Moving Through The Maelstom with Darryl Robert Schoon. My first blog discusses the underlying reasons for our increasing series of crises.
see http://www.posdev.net/pdn/index.php?...drs&Itemid=106
Note II: I will be speaking at Professor Antal E. Fekete’s Session IV of Gold Standard University Live (GSUL) July 3-6, 2008 in Szombathely, Hungary. If you are interested in monetary matters and gold, the opportunity to hear Professor Fekete should not be missed. A perusal of Professor Fekete’s topics may convince you to attend (see http://www.professorfekete.com/gsul.asp ). Professor Fekete, in my opinion, is a giant in a time of small men.
Darryl Robert Schoon

...wird wohl spannend wie sich das "dicke" Geld aus allem rauswinden wird/kann/muss
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Alt 28.05.2008, 10:03   #104
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Exclusive: McClellan whacks Bush, White House

By MIKE ALLEN | 5/27/08 6:18 PM EST

McClellan says the administration relied on "propaganda" to sell the war.
Photo: AP

Former White House Press Secretary Scott McClellan writes in a surprisingly scathing memoir to be published next week that President Bush “veered terribly off course,” was not “open and forthright on Iraq,” and took a “permanent campaign approach” to governing at the expense of candor and competence.

Among the most explosive revelations in the 341-page book, titled “What Happened: Inside the Bush White House and Washington’s Culture of Deception” (Public Affairs, $27.95):

• McClellan charges that Bush relied on “propaganda” to sell the war.

• He says the White House press corps was too easy on the administration during the run-up to the war.

• He admits that some of his own assertions from the briefing room podium turned out to be “badly misguided.”

• The longtime Bush loyalist also suggests that two top aides held a secret West Wing meeting to get their story straight about the CIA leak case at a time when federal prosecutors were after them — and McClellan was continuing to defend them despite mounting evidence they had not given him all the facts.

• McClellan asserts that the aides — Karl Rove, the president’s senior adviser, and I. Lewis “Scooter” Libby, the vice president’s chief of staff — “had at best misled” him about their role in the disclosure of former CIA operative Valerie Plame’s identity......

......I frequently stumbled along the way,” McClellan acknowledges in the book’s preface. “My own story, however, is of small importance in the broad historical picture. More significant is the larger story in which I played a minor role: the story of how the presidency of George W. Bush veered terribly off course.”

Even some of the chapter titles are brutal: “The Permanent Campaign,” “Deniability,” “Triumph and Illusion,” “Revelation and Humiliation” and “Out of Touch.”

“I think the concern about liberal bias helps to explain the tendency of the Bush team to build walls against the media,” McClellan writes in a chapter in which he says he dealt “happily enough” with liberal reporters. “Unfortunately, the press secretary at times found himself outside those walls as well.”.......

full story: http://www.politico.com/news/stories/0508/10649.html

....das Buch wird wohl einigen Wirbel machen leider etwas spät
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Alt 28.05.2008, 15:04   #105
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-> Posted by soee @ 8:11 am on May 28, 2008


Military families face higher foreclosure rate




Military families are losing their homes at a rate almost four times faster than the national average. Foreclosure filings in communities within 10 miles of military facilities rose by an average of 217% from January through April, compared to an overall 59% rate, according to RealtyTrac. The biggest surge was in Columbia, S.C., home to the Fort Jackson training base. The second-biggest increase was in Woodbridge, Va., next to Marine Corps Base Quantico. ClipSyndicate/Bloomberg (27 May.) , Bloomberg (27 May.)




  • Expert backs faster foreclosure sales: A renowned tracker of U.S. home prices says the backlog of houses for sale may thin in the months ahead. Karl Case, an economics professor at Wellesley College, said more auctions of foreclosed homes will drive the market to its bottom sooner, reduce inventories and speed up a price recovery. Bloomberg (27 May.)

Foreclosures in Military Towns Surge at Four Times U.S. Rate

By Kathleen M. Howley




May 27 (Bloomberg) -- U.S. Air Force Technical Sergeant Jeffrey VerSteegh, who repairs F-16 jets for the 132nd Fighter Wing, departed Des Moines, Iowa, in April for his third tour in Iraq. The father of four may lose his home when he returns.

The four-bedroom farmhouse he and his wife, Kathleen, own near the Iowa State Fairgrounds went into default in December after their monthly mortgage costs doubled to $1,100. Kathleen missed work because of breast cancer and they struggled to keep up the house payment, falling behind on other bills. Their bankruptcy was approved by the court a week after VerSteegh left for Iraq......

.....Monique Kelly, a disabled Iraq War veteran, said she is on the verge of adding to those VA delinquency numbers. The former Army staff sergeant in the First Armored Division paid her May mortgage bill halfway through the month and said she won't be able to make June's payment for her house in Owings Mills, Maryland. Kelly, designated disabled by the VA because of post- traumatic stress disorder, said she bought the property in January for $305,000 and had to spend $10,000 fixing structural problems that were not disclosed to her.

``We fought for our country, and now we have to fight to save our homes,'' said Kelly. ``After living with the stench of death in Iraq, it seems like we shouldn't have to face problems like this when we come back.''....

http://www.bloomberg.com/apps/news?...nwsU&refer=home




toll wie die Amis Ihren Soldaten ihre Dienste lohnen
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