Beiträge von Eldorado

  • Gold und Silber... Informationen und Vermutungen I

    Planetary Movements = PPT Movements IMO


    “Awareness always give positive result, ego and ignorance give wrong path”


    Dear Members,


    For the first time in one year and 9 months, I can say that the reasons behind my constant recommendations for the Dollar revealed. Though my members have lost money following this recommendation, I can make an assurance that time is coming round for a not only full recovery but success path to go beyond that. Astrology has provided numerous unique predictions in the last twenty eight years, and I therefore can’t blame time or keep regretting wrong predictions made about the Dollar in the past 19 months. My intention is to focus ahead and give the most appropriate guidance in order to benefit from the new era in the Dollar.

    I wish you the best of luck.

    Last week the Dollar sharply went up, and this represents a dangerous sign for major currencies in the medium and long term. The short-term trend will however be dominated by planetary movements. Commodities are trading weakly on the Dollar’s strengthening, and this is an eventuality about, which we have always been concerned. This is why we have been recommending staying away from metals, grains and energy. It was tough and very challenging to call that oil would not hit $150 after Morgan Stanly made an open prediction that it would do so by 4th July and that it would soon go towards $170. Matters were not made easier by OPEC’s assertion that oil would soon reach $170 to $200, but both were proved to have been false and misleading statements to the world investor community. It is unfortunate when institutions vested with such enormous trust by the investment community deliberately issue statements for personal gain or to benefit people close to them. I feel that they should therefore apologize and in fact be sued since it seems that gain has become the overriding consideration at the expense of investors. The entire episode is a sad and unfortunate scandal that highlights how such authorities can misguide investors and abuse the trust vested upon them.

    Having said that, it is important to realize that this is not new as higher authorities have always played this kind of misguiding role for the last hundred years whenever investors were at a critical point.
    As a matter of fact, we should accept that this is all part of manipulation: therefore more reason why we follow astrology to get awareness about future trends.

    The move of the Dollar has given us hope that the USA stock market (DOW) could reach above 30000 in coming years. :D
    The only market that I trust at this stage is the USA stock market: :thumbup:

    I recommend that one stays with the Dollar and the DOW and I am certain that we shall make tones of money. :D

    Many people will inevitably ask me what will now happen to the commodities market if the Dollar keeps moving up for the next few months or years.
    My answer is simply that commodities will move according to planetary movement, and I shall do my best to guide you accordingly.

    Numerous members have sent us messages of congratulation for the predictions of the Dollar’s rise and fall of commodities. I acknowledge and thank you all. I am very happy for everyone who has made money and look forward to even greater accuracy. Indeed, I hope to match my 1987 to 2005 prediction era.

    I thank you for your continued support and trust in my work.

  • Gold und Silber... Informationen und Vermutungen I

    LATEST DATA


    11/8 French industry output falls, flags recession [ID:nLB689470]
    11/8 Canada June new-home prices soften on the yr [ID:nN11345558]
    11/8 China prod inflation soars; trade surplus up [ID:nPEK38556]
    11/8 Singapore GDP shrinks in Q2, exports to fall [ID:nSP99372]
    8/8 Italy shrinks in Q2,casts shadow over euro zone[ID:nL8581845]
    8/8 Japan bankruptcies jump as gloom descends [ID:nT360430]
    8/8 German June industry sales fall for 5th month [ID:nL8544661]
    8/8 Canada hit by biggest monthly job loss in 17ys[ID:nN08368701]
    8/8 UK home repossessions jump 48 pct to 9-yr high [ID:nL8084631]
    7/8 US jobs, store sales soft, home data brighter [ID:nN07279051]
    6/8 Japan data shows economic expansion may be over [ID:nT339774]
    6/8 Spain industrial output dives record 9.0% y/y [ID:nL6221525]
    6/8 Japan data shows economic expansion may be over [ID:nT339774]
    6/8 German orders slump fuels recession fears [ID:nL6697925]
    5/8 US service sector shrinks in July - ISM [ID:nN05315223]
    5/8 Weak services, factories feed UK recession fear[ID:nL5095730]
    4/8 US June incomes rise smallest in yr,prices up [ID:nN04423003]
    4/8 Euro zone investor sentiment drops to 5-yr low [ID:nL449776]
    4/8 US June factory orders up 1.7%, beat forecast [ID:nN04497968]
    4/8 UK construction activity shrinks at record pace[ID:nL4245019]
    4/8 Air cargo has first fall in 3yrs in June-IATA [ID:nL4270575]
    CORPORATE COMMENTS
    8/8 Fannie Mae posts another huge loss, cuts divi [ID:nN08519775]
    8/8 UBS to buy back stricken debt securities [ID:nL8683472]
    8/8 RBS has first-ever loss after $11 bln writedown[ID:nL8509793]
    7/8 Credit crunch cripples European insurer profits[ID:nL7195493]
    6/8 Freddie posts another loss, to slash dividend [ID:nN06407579]
    6/8 Cathay books H1 loss; airlines eye route cuts[ID:nHKG315934]
    4/8 HSBC profits sag on bad debts, writedown [ID:nL487970]
    2/8 Car industry gloom descends on GM, BMW, Nissan[ID:nL1664534]
    1/8 BA profit sinks in dire trading environment [ID:nL1628030]
    30/7 EADS widens Airbus restructuring, tackles dlr [ID:nL0558996]
    POLICYMAKER COMMENTS AND ACTIONS
    7/8 ECB holds rates, says growth risks gripping [ID:nL7650401]
    7/8 BoE leaves UK rates at 5%, no move likely soon [ID:nL7103078]
    5/8 Fed dissent shows longest split since 1990 [ID:nN05350876]
    5/8 Fed holds steady; signals no rush to hike [ID:nN05346575]
    5/8 U.S. Fed policy-makers' recent comments [ID:nN21EDQUOT]
    4/8 Japan finmin Ibuki sees danger of stagflation [ID:nT263824]
    1/8 Japan's new econ min warns of economic downturn [ID:nT244622]
    1/8 Bank of England policymakers' recent comments [ID:nBOEQUOTES]
    31/7 Central banks fire new round at credit crisis[ID:nN30471471]
    31/7 BoE's Tucker says price, output outlook worsen[ID:nL1195224]
    28/7 ECB policymakers' recent rate comments [ID:nECBQUOTES]
    LATEST POLLS
    1/8 POLL-Japan economy likely shrank 0.6 pct in Q2 [ID:nT205687]
    1/8 Italy's economy seen stagnating in Q2 [ID:nL4335635]
    31/7 BOE to leave UK rates at 5.0% til early 2009 [ID:nL041816]
    31/7 Investors reduce equities in search of safety [ID:nL1513489]
    31/7 Reuters July Asset Allocation Polls [ID:nL1669733]
    23/7 G7 outlook takes fresh hit from credit crunch[ID:nL23428380]
    ANALYSIS
    8/8 US fuel shock threatens permanent demand dent [ID:nN08470954]
    8/8 Weak US labor mkt good for stagflation worries[ID:nN08459066]
    8/8 Sharp FX moves suggest dlr downtrend may be over[ID:nL835157]
    8/8 Are central banks getting it all wrong? [ID:nL7216692]
    5/8 Hedge funds brace for poor data after tough Jul[ID:nL5574061]
    7/8 Shaky US economy hits credit card ABS [ID:nN07446662]
    7/8 Freddie Mac negative net worth flags questions[ID:nN06256803]
    6/8 Weak U.S. demand tests Asian export resilience[ID:nHKG306993]
    5/8 Credit crisis spreads well beyond U.S. roots [ID:nN04305079]
    1/8 Slices of U.S. jobs report signal recession [ID:nN01489881]
    ................................................................


    and then there is…
    13:59 Fed quarterly loan officers' survey expects tighter credit through 1H09 -- wires
    A very large majority in the survey see a less favorable economy and expects tighter standards on all major loans. Banks have reported weakening demand over the past 3 months.
    * * * * *


    Not exactly the kind of stuff to spur a 1,000 point rally in the DOW off its lows and to send gold into the dumpster. :D

  • Gold und Silber... Informationen und Vermutungen I

    Wipeout Nightmare … It Too Shall Pass


    GO GATA!!!


    Gold rebounded to the $865 mark in overseas trading … that is until The Gold Cartel traders reported for work in London at 3 AM NY time. As usual, that was all she wrote for the morning. Once the AM Fix was completed ($863.75), the leaning commenced in earnest.


    That said, as mentioned last week, it is normal for all rallies to be sold after gold bloodbaths, which is certainly what we have endured.
    All the cabal forces have to do is stop a rally, give a nudge, then watch the funds dump longs and go short. Then, The Gold Cartel forces cover.


    Last week was all about the US intervening in US financial markets to turn investors bullish on the dollar, to bury gold and silver, and prop up the DOW. This was no minor operation and ought to have some legs until it falls apart. Those doing the intervention have no intention of letting their efforts go for naught. As you can see, they can be very effective in the short term. At the same time, the US didn't take any steps to alter any of the fundamentals which caused the mess in the first place. If anything, they are compounding the myriad of problems by thwarting the natural flow of the free market process.
    This interference, as it has in the past, is only postponing greater financial market stress down the road.


    The above was written early in the Comex trading hours with gold a bit lower and the dollar and oil little changed. Since then all heck has broken loose. The euro lost .0060, oil fell nearly $3, and gold and silver were annihilated … and naturally the DOW, which opened up 50 lower, began to fly, rising nearly more than 100.


    Once gold took out KEY support at $850, its price sank like a dive-bombing submarine. :evil:
    Every technical sell signal in the world was triggered. The breaking of this support also led to selling by long time holders of gold. While the market is extremely oversold, the technical damage is beyond considerable. While we ought to have some sharp rallies from here, it normally takes many months for gold to compose itself enough to make a run back up and eventually into new high ground    .


    What is most aggravating is what has occurred and why. The synchronized move in gold, the dollar, oil, and the DOW is just too pat. Were the DOW to crap out here, based on worsening market fundamentals, or trade in a way to reflect some kind of change in policy it would be different. But, it is not different. It is the same drill we observe time and time again.
    What we are witnessing is nothing more than massive market intervention which is feeding on itself.
    To buttress this line of thinking and the deteriorating conditions for the US stock market, take a gander at a gradual selection of Reuters stories…


    REUTERS RECESSION WATCH-Corporate confidence crumbles, growth risks rise


    Global economic confidence is rapidly unravelling as corporate profits shrink and successive data releases reveal a deteriorating outlook for growth, rivalling inflation as the principal risk for investors.


    On Monday, French industrial production fell, contrary to expectations, with output falling in a wide range of areas including food, cars and capital goods and adding to the weight of recent poor euro zone data. Export dependent Singapore saw its economy contract in the second quarter.


    The deterioration in the growth outlook comes as expectations for inflation stay high, according to the latest Reuters survey of opinions on the outlook for G7 economies....etc.etc.

  • Gold/Silber - Kurzfristige Analysen und Prognosen

    Geld, Aktien oder Gold.. es gibt Leute die habe es, dann gibt es welche die haben keines , und dann sind noch die es von den anderen haben wollen.
    Und das am besten fast gratis...viele Typen treiben sich hier rum, egal wie man die nun nennt.
    Neid und Gier sowie Angst und Panik ist das Wetter das sich staendig aendert auf der Boerse. Ich bin der Meinung ueberall ist irgendwann mal Schluss damit und bin der festen Meinung das man nun beruhigt kaufen kann und auf keinen Fall jetzt aussteigt.
    Ihr glaubt doch selber nicht das sich Fundamental etwas positiv in USA geaendert hat, reiner Schwachsinn und Luegen ist das wie das Schweine nun fliegen koennen.
    In wenigen Wochen kracht es dort, das PPT hat nur Opium verteilt damit die Leute aufs falsche Boot springen das sie spaeter absaufen lassen kurz vor der Wahl.
    Also Kopf hoch und lasst Euch nicht vom Glauben abbringen, auf diese pessimistischen Prognosen duerft ihr nicht hoeren oder lesen, egal von wen auch immer.
    Wer jetzt verkauft ist draussen und kommt so guenstig nicht mehr rein, nur in einer Notlage verkauft man sein Gold oder Silber oder bei 5000 USD von mir aus. :D
    Nutzt den Vorteil aus dem Nachteil..... BUY !!!...der Durschnitt zaehlt wo man Gold oder Silber gekauft hat.


    Alles Gute


    Eldo

  • Gold und Silber... Informationen und Vermutungen I

    Also wenn das nicht die grosse Vorbereitung fuer den kommenden Finanzsystem Crash seit den letzten Tagen war dann weiss ich auch nicht.
    Man hat nun auf alles gedrueckt was dann steigen koennte, wie ein Orchester haben die Banker heute die Posaunen von Jericho geblasen.
    Totgesagte rennen heute wieder sturz gesund rum as waeren sie nie auf der Intensivstation gewesen, es stinkt zum Himmel.
    Es riecht nun foermlich nach Chaos, die Goldbugs hatten es bereits, die Neueinsteiger in Gold und Silber die Chance ihres Lebens.
    Waere echt interessant zu wissen wer die grossen Kaeufer waren, die drehen den Spiess spaeter um nach dem Einkauf wenn ihr mich fragt und manipulieren dann nach oben.
    Vielleicht brauchen sie das gar nicht, das Chaos das entsteht sorgt alleine dafuer wenn die Flucht aus dem Papier in reale Werte wie Gold und Silber losgeht.
    Die Schaeferhunde vom PPT haben ihr Ziel erreicht und viele Spekulanten eleminiert, hat noch einer Zweifel ? :D
    Die FED die im Besitz von Rockefeller &Co sowie ihre Mafiabosse bei ihren Privatbanken wie GS CITI JPM LH DB etc. haben sogar Trichet in der Hand mit seiner EZB.
    Solange diese Verbrecher der Menschheit Geld aus dem nichts drucken und an den Staat verteilen dafuer noch 360 billionen USD Zinsen verlangen von den Steuerzahlern/Staat gibt es keine Gerechtigkeit.
    Und genau diese Gangster sind wahrscheinlich im Hintergrund und nehmen einen erledigten Goldbub das Gold ab, so sehe ich dieses dreckige Spiel.
    Aus der Luft Geld drucken und verleihen dafuer dann Zinsen/Gold verlangen, wer die Zentralbanken kontrolliert der beherrscht die ganze Welt.
    Soweit zur freien Marktwirtschaft...


    Aprilscherz..oder ? :


    http://www.youtube.com/watch?v=UZ6iuZg3sPM&feature=related


    http://www.youtube.com/watch?v=t4v81dHdKyw&feature=related




    XEX

  • Gold und Silber... Informationen und Vermutungen I

    @Garimpiero


    Einen Dreck habe ich bis jetzt verkauft, ja 500k USD fuer Euro vorhin...bis jetzt stehe ich noch...last man standing heisst die Devise bei mir.
    Dieser grosse Betrug vom PPT haelt nicht lange, der Goldpreis wird denen das Genick brechen auf Dauer.
    Man haette, du haettest, ihr haettet, was hilft das jetzt ?
    Dein Traum ? besser hocke dich lieber in dein Wohnmobil und fahr mal los.
    Du pendelst wie du oft erwaehnt hast eh immer zwischen Brasilien und der Schweiz, zumindest traeumst du auch davon.
    Na dann gute Fahrt... :D


    http://www.youtube.com/watch?v=iW9_GamGNQI&feature=related

  • Schnäppchen Eck..welche Aktie ist preiswert im Moment

    Thanks, guter Report und Uebersicht, bei ca. 4.25 kann man wieder umschwenken und Gold kaufen :D
    Hier ist locker eine 30% Gewinnspanne drin, ganz konservativ gesehen, koennten sogar 50% bis zum Ende vom Jahr werden.
    Es gab es bis jetzt nur dreimal das der HUI ueber 5.88 gefallen ist seit 1986 !


    Eine grosse Eimstiegsmoeglichkeit alle mal....Schade das ich kein Neueinsteiger bin. :S



    Gruss


    Eldo

  • AuRico Gold / AUQ (TSX, NYSE)

    Lucky, kann eh nichts reinstecken in igendeine Mine.
    Die Gefahr besteht falls der DOW in wenigen Wochen/Monaten crashed das er den gehaemmerten HUI nochmal mitreisst obwohl es den schon zerrissen hat letzte Woche.
    Bei der Gammon hatte ich mal die dreifache Menge, mit Kissen schmeissen schaffte ich dann 10 CAD im Schnitt, als die 10.50 CAD da waren habe ich dann zwei drittel abgeladen und immer noch einen guten Durchschnitt. Mehr stecke ich nicht mehr rein in die Gammon, die hat ganauso ein Gewicht wie GG KGC MFL etc.im Depot.
    Mit allen Aktien und den Gewinnen bei den Edelmetallen sitze ich immer noch -28% im Keller und bin froh wenn ich wieder allgemein auf Gleichstand komme.
    Genug riskiert, eigentlich zu viel, jetzt heisst es zu ueberleben und keinen Margin Call bekommen der mit einigen Notverkaeufen endet gerade am Tiefpunkt.
    Das waere Mist...mal schaun ob ich aus der Misere rauskommen in den naechsten Tagen oder paar Wochen, es ist brenzlig genug.


    Good luck to you


    Gruss


    Eldo

  • Gold und Silber... Informationen und Vermutungen I

    @Dau


    Es ist 06.45 am in Punta Cana, Guten Morgen oder Mahlzeit bei Euch.
    Hoffen wir mal es wird keine Na Prost Mahlzeit wenn die Crimex aufmacht.
    So, eines ist klar der verdammte Paulson Ex Goldman Sachs und wahrscheinlich Bernanke werden sich verabschieden und bis zur Wahl das Image von Papa Bush retten wollen.
    Das Disaster und Schulden bekommt dann der Nachfolger, der sagt aber it was not me.
    Gold und Silber soweit zufriedenstellend, bin gespannt wie der Tag ausgeht.
    Eventuell hat das Crunch Team vom PPT einen Tag frei und es gibt eine Kampfpause.


    Have a nice day, noch ist Rom nicht verloren, Zeit fuer einen Kaffee. :]


    XEX

  • Gold und Silber... Informationen und Vermutungen I

    Paulson says won't stay at Treasury past January


    August 10, 2008


    WASHINGTON (Reuters)


    U.S. Treasury Secretary Henry Paulson said in an interview aired on Sunday he had no interest in staying in his post beyond January when a new administration takes office.
    "I look forward to doing other things next year," Paulson said on NBC television's "Meet the Press" program. The interview was taped on Saturday in China.
    "I'm going to run right up until the end," he said. "I'm focused on getting everything done I can get done between now and January 19th."


    In March, Paulson proposed overhauling the U.S. financial regulatory system and giving more powers to the Federal Reserve in the wake of the financial market upheaval that exposed gaping holes in oversight.
    Last month, he took heat from fellow Republicans in Congress who said his plan to backstop mortgage finance giants Fannie Mae <FNM.N> and Freddie Mac <FRE.N> was akin to socialism because shareholders reaped the profits in good times but the government was on the hook for losses when things went bad.
    Paulson offered a richer credit line to the two government-sponsored entities and pledged to buy their shares if needed to bolster investor confidence, although he has said it was unlikely the companies would need to use the lifelines.
    Fannie Mae and Freddie Mac finance nearly half of all mortgages in the United States and have been hurt as the housing crisis drove up delinquencies and foreclosures.
    On Friday, Fannie Mae posted a $2.3 billion loss and cut its dividend. Paulson said that loss was not surprising given the state of the housing market and did not change his view that the companies would probably not need government cash.
    "We have no plans to insert money in either of those institutions," he said in the NBC interview. "It was very important that we get these temporary backup facilities because Fannie and Freddie are very important to our capital markets."
    Paulson said it would be well beyond the end of 2008 before the housing problems were resolved. Until that happened, the financial markets and the economy would remain strained, he said.
    He dismissed the idea that the U.S. economy needed another round of economic stimulus after a $152 billion package passed earlier this year gave tax rebates to millions of households and incentives to businesses.
    "Let's see how this program works in the third quarter," Paulson said, noting that the stimulus package succeeded in supporting growth in the second quarter, which ended in June.
    (Reporting by Emily Kaiser and Andy Sullivan; Editing by John O'Callaghan)

  • Gold und Silber... Informationen und Vermutungen I

    .....The 100 Year's War


    Senator Obama, the entire nation knows we went to war under false pretenses, if not blatant lies. Yet Senator McCain is willing to keep us in Iraq for a hundred more years if necessary. Unfortunately, you have not found the courage to commit to a timetable to pull all of our troops out of Iraq. Senator, the nation is sick of this war. ALL of our troops need to come home. Every one of them.


    It is time for someone to stand up and say "This war was a mistake. We are pulling out. And here is the time table in which we are going to do it."


    Since that person is not going to be McCain, it better be you.


    Everyone I speak to is now unsure of your commitment to get us out of Iraq. Leaving 1/2 or 1/3 of our troops in Iraq is a miserable compromise. Iraq belongs to the Iraqis. Those who fear moral consequences of an exit should look at the moral and economic consequences of keeping our troops in harm's way for another 100 years.


    The biggest mistake we can now make in Iraq is prolonging the big mistake we already made.


    Horrendous Ethanol Policies


    Senator Obama, you support ethanol tariffs and subsidies. These policies are nothing short of an economic disaster. Congress passed a 54 cent tariff on ethanol imports. That tariff is increasing the price of gasoline at the pump.


    Is that tariff creating any jobs here? Of course not. Government mandated solutions never work. The US Ethanol Industry Is In Distress. There are "16 Ethanol Plants Filing For Bankruptcy. Many More Will Come." If that is not bad enough, the corn subsidy is uneconomically diverting corn production to ethanol production. This in turn is causing food prices to rise.


    So much for government mandated "solutions".


    Why We Are In This Mess


    Senator Obama, the root cause of this mess is uncontrolled Congressional spending, government sponsorship of GSEs and rating agencies, fractional reserve lending, and the Fed.


    The Fed attempting to stave off the last recession slashed interest rates to 1% to bail out their banking buddies in deep trouble over dotcom loans as well as loans to emerging markets. Congress compounded the problem by spending like complete fools. And the Bush Administration with help from Congress was willing to waste billions of dollars we did not have in that hellhole called Iraq.


    Finally, SEC sponsorship of the rating agencies led to insane AAA ratings on all sorts of subprime and Alt-A mortgage debt that Wall Street could package and sell to unsuspecting suckers like state pension plans.


    Biggest Party Wall Street Ever Had


    Paulson called this "The strongest global economy he has ever seen". The reality is throwing money around created "The biggest party Wall Street has ever had". This was an unfounded boom based on low interest rates and cheap credit. Millions of people, sucked in the vortex of this artificial boom, are now being foreclosed on.


    And instead of fixing the fundamental problem (The Fed, runaway Congressional spending, governments sponsorship of the GSEs, and government sponsorship of the big 3 rating agencies), you along with most of congress are looking towards more regulation as the solution.


    Senator Obama, The Fed IS the problem. Congress IS the problem. Bernanke IS the problem. Fractional Reserve Lending IS the problem. If you do not see the light, YOU are the problem.


    The Problem Cannot Be The Solution


    If runaway government spending is part of the problem (and it is clear that it is), then it should be equally clear that runaway government spending is NOT the solution. If government sponsorship of the GSE was part of the problem (and it was) then even bigger government sponsorship of the GSEs is not the solution.


    The plain fact of the matter is that home prices are still too high. They need to come down. Artificial attempts to force home prices up will drag this economic mess out for a decade longer, just as happened in Japan.


    It was a sad day last week when Bernanke said "It's important for Fannie Mae and Freddie Mac bonds and stocks to rise so they can keep raising capital and aid the mortgage market."


    With that we lost every semblance of the free market we had left. We now have government sponsorship if not outright nationalization of GSEs.


    Senator Obama, do you even remember the Mission Statement of Fannie Mae?


    We are a shareholder-owned company with a public mission. We exist to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market.


    Fannie Mae exists to expand affordable housing. Clearly Fannie Mae has failed its core mission. All government sponsored corporations fail their mission. The very nature of promoting housing makes prices go up, until the final blowoff top which we are now on the backside of, having reached Peak Credit.


    The US has partied too long and too hard at the federal level, the state level, the corporate level, and the personal level. The cure for a hangover is most emphatically not more booze. The cure for a credit crisis is not more "free money", from either Congress or the Fed.


    The Fed Uncertainty Principle


    Sadly, we are moving in the wrong direction as predicted by the Fed Uncertainty Principle.


    Uncertainty Principle Corollary Number One: The Fed has no idea where interest rates should be. Only a free market does. The Fed will be disingenuous about what it knows (nothing of use) and doesn't know (much more than it wants to admit), particularly in times of economic stress.


    Uncertainty Principle Corollary Number Two: The government/quasi-government body most responsible for creating this mess (the Fed), will attempt a big power grab, purportedly to fix whatever problems it creates. The bigger the mess it creates, the more power it will attempt to grab. Over time this leads to dangerously concentrated power into the hands of those who have already proven they do not know what they are doing.


    Uncertainty Principle Corollary Number Three: Don't expect the Fed to learn from past mistakes. Instead, expect the Fed to repeat them with bigger and bigger doses of exactly what created the initial problem.


    Uncertainty Principle Corollary Number Four: The Fed simply does not care whether its actions are illegal or not. The Fed is operating under the principle that it's easier to get forgiveness than permission. And forgiveness is just another means to the desired power grab it is seeking.


    The Cure


    The only cure for an artificial boom is time and price, in conjunction with sound economic policies.


    Senator Obama, you have a chance to make history. Assuming you are elected, you will have the opportunity to do something no President has done for decades: Stand before the American people and tell the plain hard truth.


    The US can no longer afford to be the world's policeman.


    Congress has been spending beyond its means.


    Deficit spending is cheapening the US dollar.


    Cutbacks and sacrifices have to be made.


    People will understand as long as they are being leveled with.


    A New Economic Advisor


    Before you can lead the way, you need a new economic advisor, preferably one as Vice President.


    One thing is certain: Giving away $50 billion dollars on top of the $150 billion in stimulus Congress already gave away is not going to solve any problems.


    If printing money and handing it out solved economic problems, Zimbabwe would be the most economically powerful nation in the world.


    Why is it the same solution "free money" is tried over and over and over, when it never works?


    The Nation Needs Healing


    This war torn, economically tortured country needs heeling. To meet that goal we can no longer afford the same bitter partisanship in Congress that we have seen for what seems like forever.


    McCain is unable and unwilling to heal the nation. His willingness to spend another 10 years in Iraq, wasting trillions more dollars at a time the nation is sick of this war, is proof enough.


    Senator Obama, you are clearly able to heal the nation, but are you willing? If you can just see fit to have the courage to reach across the aisle you can electrify the nation, re-energize the country based on sound economic free market principles, and minimize the partisan bickering in Congress.


    Senator Obama, I ask you to nominate Ron Paul as your Vice President, :thumbup: embrace sound economic policies, and return this country to greatness. If you have the courage to do so, the upcoming election will be the biggest surprise blowout in history. On the other hand, if you stick to policies of giving away "free money" this nation will be in ruins four years from now.


    Senator Obama I ask you, "What's it gonna be?" :hae:


    Mike "Mish" Shedlock


    http://globaleconomicanalysis.…open-letter-to-obama.html

  • Gold und Silber... Informationen und Vermutungen I

    Dear Senator Obama.


    The US economy is in the worst economic crisis in decades, arguably since the great depression. Housing is collapsing, state budgets are in shambles, unemployment is soaring, and the US dollar is sinking.


    Things are going to get even worse when the commercial real estate bust picks up steam. We have seen six bank failures already this year. There are 90 more banks on the problem list. Many of them will fail.


    Meanwhile, Treasury Secretary Paulson and President Bush are both stressing "The U.S. economy is fundamentally strong, diverse and resilient." Indeed, Paulson speaks of the "strong dollar policy" at every opportunity.


    The vast majority of citizens in the United States know that the above statements by President Bush and Paulson are lies.


    What we really need is for politicians to face the public and state the truth.


    The Truth Is Easy To See


    The US can no longer afford to be the world's policeman.


    Congress has been spending beyond its means.


    Deficit spending is cheapening the US dollar.


    Cutbacks and sacrifices have to be made.


    Interest On The National Debt Is $377 Billion


    The national debt as of July 17, 2008 is $9.5 Trillion dollars. Interest for the first nine months of Fiscal Year 2008 as noted in Interest Expense on the Debt Outstanding is $377 billion!


    Paulson talks about the "strong fundamentals" of the US dollar. :D
    Our entire "Strong Dollar Policy" consists of nothing more than Paulson yapping about the strong dollar. It is an international disgrace. It is sad the Treasury Secretary does not understand that the two biggest factors affecting the US dollar are interest rates differentials and deficit financing.


    Our Feds Fund Rate is 2.00% in comparison to 5.00% in the UK and 4.25% in the EU. In regards to the budget deficit, China and Japan have been financing our out of control spending.


    Some fundamentals! If Paulson believes what he says, he is not qualified to be Treasury Secretary.


    US Banking System Is Unsound


    Senator Obama our banking system is unsound. I presented the case in You Know The Banking System Is Unsound When....


    I ask you to take the time to read that post. In it, I presented 25 reasons our system is unsound. Here is reason number 25.
    25. Of the $6.84 Trillion in bank deposits, the total cash on hand at banks is a mere $273.7 Billion. Where is the rest of the loot? The answer is in off balance sheet SIVs, imploding commercial real estate deals, Alt-A liar loans, Fannie Mae and Freddie Mac bonds, toggle bonds where debt is amazingly paid back with more debt, and all sorts of other silly (and arguably fraudulent) financial wizardry schemes that have bank and brokerage firms leveraged at 30-1 or more. Those loans cannot be paid back.


    What cannot be paid back will be defaulted on. If you did not know it before, you do now. The entire US banking system is insolvent. :D
    The problem is not bank regulation or lack thereof. The problem is fractional reserve lending accompanied by runaway spending in Congress.


    Congress Must Be Held Accountable


    Congress must be held accountable for deficit spending. Clearly the Republican plan of reducing taxes, foolishly wasting hundreds of billions in Iraq, and praying for an economic miracle did not work.


    Phil Gramm, senator McCain's economic advisor, said we were in a "mental recession". You rightfully blasted him for it, stating "He didn't say this but I guess what he meant was that it's a figment of your imagination, these high gas prices."


    Economically, you are calling for another $50 billion dollar spending stimulus. If that fails (which it will) do you want another one, and another one after that? Where does it stop? I am all in favor of returning $50 billion to the taxpayers. I just want to know how we are going to pay for it.


    Senator Obama how do you propose we pay for that? :D


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