Federal Reserve System
November 7, 2007
Does anyone know what the federal reserve system is or does? Yes, the Federal Reserve System, created in 1913, as a quasi-governmental/quasi-private banking system composed of (1) the presidentially-appointed Board of Governors, was to prtect our financial systems. So, how’s that been working? TERRIBLE. The US$ has lost 98% of its 1913 value, we’ve gone off the gold standard, and we’re headed for a financial train wreck- if we’re not already in the process. Continue Reading »
How To Get Hired
November 6, 2007
Ron Paul’s $5mil Fundraiser
November 6, 2007
Bloomberg & Immigration
November 6, 2007
Duncan Hunter On Immigration
November 6, 2007
Impeach Bush
November 6, 2007
Rudy Giuliani
November 6, 2007
Paul Weyrich, one of the nation’s most influential conservative leaders, says he is out to prevent Rudy Giuliani from winning the Republican nomination for president — and predicts the religious right will unite behind any GOP candidate except Rudy. Continue Reading »
Dollar US
November 6, 2007
The US$ is taking another pounding this morning and as a result gold hit its highest price since January 1980, following record high oil prices which stoked inflation jitters. The precious metal rose to as high as $820 in eqarly trading: its highest price since the 1980 peak of $850 usd, just as London’s Brent oil hit a record high of 92.36 usd per barrel.
A weekly US report due out tomorrow is expected to show crude oil supplies in the world’s top consumer dropped for another week, and analysts are expecting the oil price to hit the 100-usd milestone. Gold moves in line with oil prices as investors hedge against energy-led inflation, and in the opposite direction to the dollar which is seen as an alternative asset. The dollar, meanwhile, was near an all time low against the euro hit earlier today.
Bad Credit!
November 6, 2007
More and more Americans are having their home loans foreclosed. Bad credit is rising quickly; however, it’s not so much a personal matter any more. It’s the collective whole. Banks themselves have bad credit! There’s a new phase in the credit crunch, one of “$1 trillion losses” seems to be dawning. The crisis at Citigroup and renewed doubts about some of the world’s leading banks disquieted stock markets on both sides of the Atlantic yesterday, with the fractious mood set to continue. Continue Reading »
Gold Mining
November 6, 2007
The Financial Times that gold has been advancing because the dollar has been going down, but if the dollar rallies gold will take a dive. Another newspaper says that gold has been going up because the mines in South Africa are producing gold at their lowest rate in years. Gold mining is down means that gold prices go up. For me, gold has been rising in reaction to the trillions of dollars, rupees, pesos, rubles, reals, yuan etc. that are flooding the economies of the world. An ocean of paper is being created and as the purchasing power of all this paper is diluted, it requires an increasing amount of any given currency to buy given unit of the ultimate tangible money — gold!
Immigrant Right
November 5, 2007
If Hillary Clinton seemed confused about how to answer a question about illegal immigrants getting driver’s licenses, it may not only have been because she was looking toward the general election. Even among Democrats, there is grave concern about illegal immigrants in Iowa, a state that is more than more than 95 percent white and 4 percent Hispanic, according to 2005 Census Bureau estimates. Continue Reading »
Gold Prices
November 5, 2007
Gold prices lower on Monday tracking weaker oil but held above $800 an ounce, with an ailing dollar and positive fundamentals seen helping the metal to touch a record high set in early 1980. Investors also cashed in on gold’s impressive rally, but dealers noted buying at lower levels resulting from tensions in Pakistan after President Pervez Musharraf declared a state of emergency to deal with rising militancy and a hostile judiciary.
“It is certainly a question of when, not if, we get to $850, but there is nothing on the immediate horizon to generate the fresh momentum needed. A short period of consolidation seems in order,” said Tom Kendall, metals strategist at Mitsubishi.
Musharraf
November 5, 2007
Sometimes one has to just admit that we’re not in control. That’s exactly the case in Pakistan. And, no one is in control which is more than a serious problem. “Pakistan may well have been pushed into a blind alley and its capacity to come out unscathed is seriously in doubt,” said a commentary in Sunday’s Dawn daily written by noted human rights lawyer I. A. Rehman, 77, who was detained by police later in the day. Western allies will also find it increasingly awkward to support a military leader who twice seized power by force and has become hated by many at home. Continue Reading »
Paradigm Shift
November 4, 2007
Where does all of the war, hatred and poverty end? Or does it? We need a change in our social paradigm, big time. We need a shift in our thinking that dropping bombs on people will bring peace. Maybe the concept is too new for us to understand what Thomas Kuhn meant when in his 1962 book, The Structure of Scientific Revolutions, he spoke of breaking out of existing assumptions.
Continue Reading »
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