Monday, December 31, 2007
Mike Huckabee recently named Richard Haas (the President of the CFR) as his advisor on foreign policy. CNN's WOLF BLITZER asked "Who are your principal foreign policy advisers, Governor?" Mike Huckabee responded: "Well, I have a number of people from whom I get policy. I'm talking to Frank Gaffney, I talk to Richard Haas.."
So what does Richard Haas believe in? Here's an article below which was written by Haas for the Tapei Times. It basically states the Bill of Rights and Constitution should be given up in favor of a cooperative world body run by elite consensus. Who needs individual rights in the techno-futuristic world police state? And you thought liberty was in jeopardy now? Just wait till you see what your children will have to deal with. Get activated folks, These police state freaks want to shape your future into a control grid enforced through the fear based reaction to state sponsored false flag terror.
State Sovereignty Must be Altered in Globalized Era
In the age of globalization, states should give up some sovereignty to world bodies in order to protect their own interests
By Richard Haass
Taipei Times - For 350 years, sovereignty -- the notion that states are the central actors on the world stage and that governments are essentially free to do what they want within their own territory but not within the territory of other states -- has provided the organizing principle of international relations. The time has come to rethink this notion.
The world's 190-plus states now co-exist with a larger number of powerful non-sovereign and at least partly (and often largely) independent actors, ranging from corporations to non-governmental organizations (NGOs), from terrorist groups to drug cartels, from regional and global institutions to banks and private equity funds. The sovereign state is influenced by them (for better and for worse) as much as it is able to influence them. The near monopoly of power once enjoyed by sovereign entities is being eroded.
As a result, new mechanisms are needed for regional and global governance that include actors other than states. This is not to argue that Microsoft, Amnesty International, or Goldman Sachs be given seats in the UN General Assembly, but it does mean including representatives of such organizations in regional and global deliberations when they have the capacity to affect whether and how regional and global challenges are met.
Less is more
Moreover, states must be prepared to cede some sovereignty to world bodies if the international system is to function. This is already taking place in the trade realm. Governments agree to accept the rulings of the WTO because on balance they benefit from an international trading order even if a particular decision requires that they alter a practice that is their sovereign right to carry out.
Some governments are prepared to give up elements of sovereignty to address the threat of global climate change. Under one such arrangement, the Kyoto Protocol, which runs through 2012, signatories agree to cap specific emissions. What is needed now is a successor arrangement in which a larger number of governments, including the US, China, and India, accept emissions limits or adopt common standards because they recognize that they would be worse off if no country did.
All of this suggests that sovereignty must be redefined if states are to cope with globalization. At its core, globalization entails the increasing volume, velocity, and importance of flows -- within and across borders -- of people, ideas, greenhouse gases, goods, dollars, drugs, viruses, e-mails, weapons and a good deal else, challenging one of sovereignty's fundamental principles: the ability to control what crosses borders in either direction. Sovereign states increasingly measure their vulnerability not to one another, but to forces beyond their control.
Globalization thus implies that sovereignty is not only becoming weaker in reality, but that it needs to become weaker. States would be wise to weaken sovereignty in order to protect themselves, because they cannot insulate themselves from what goes on elsewhere. Sovereignty is no longer a sanctuary.
This was demonstrated by the American and world reaction to terrorism. Afghanistan's Taliban government, which provided access and support to al-Qaeda, was removed from power. Similarly, the US' preventive war against an Iraq that ignored the UN and was thought to possess weapons of mass destruction showed that sovereignty no longer provides absolute protection.
Imagine how the world would react if some government were known to be planning to use or transfer a nuclear device or had already done so. Many would argue -- correctly -- that sovereignty provides no protection for that state.
Necessity may also lead to reducing or even eliminating sovereignty when a government, whether from a lack of capacity or conscious policy, is unable to provide for the basic needs of its citizens. This reflects not simply scruples, but a view that state failure and genocide can lead to destabilizing refugee flows and create openings for terrorists to take root.
The NATO intervention in Kosovo was an example where a number of governments chose to violate the sovereignty of another government (Serbia) to stop ethnic cleansing and genocide. By contrast, the mass killing in Rwanda a decade ago and now in Darfur, Sudan, demonstrate the high price of judging sovereignty to be supreme and thus doing little to prevent the slaughter of innocents.
Our notion of sovereignty must therefore be conditional, even contractual, rather than absolute. If a state fails to live up to its side of the bargain by sponsoring terrorism, either transferring or using weapons of mass destruction, or conducting genocide, then it forfeits the normal benefits of sovereignty and opens itself up to attack, removal or occupation.
The diplomatic challenge for this era is to gain widespread support for principles of state conduct and a procedure for determining remedies when these principles are violated.
The goal should be to redefine sovereignty for the era of globalization, to find a balance between a world of fully sovereign states and an international system of either world government or anarchy.
The basic idea of sovereignty, which still provides a useful constraint on violence between states, needs to be preserved. But the concept needs to be adapted to a world in which the main challenges to order come from what global forces do to states and what governments do to their citizens rather than from what states do to one another.
Richard Haass is president of the Council on Foreign Relations and the author of The Opportunity: America's Moment to Alter History's Course.
Friday, December 28, 2007
Thursday, December 27, 2007
Half of them want your vote for President. Go figure.
Tuesday, December 25, 2007
Rod Parsley may as well support Ron Paul. His sermon regarding the Federal Reserve is absolutely true. They must be eliminated and there is only one candidate who can do it.
Yes, Ron Paul.
Friday, December 21, 2007
Thursday, December 20, 2007
Wednesday, December 19, 2007
The ad, which is airing in Iowa, New Hampshire and South Carolina, shows Huckabee in front of a Christmas tree as he says, "Are you about worn out by all the television commercials you've been seeing, mostly about politics? Well, I don't blame you. At this time of year sometimes it's nice to pull aside from all of that and just remember that what really matters is the celebration of the birth of Christ and being with our family and friends."
Huckabee is courting evangelical voters and other religious conservatives in his bid to win the Iowa caucuses Jan. 3. In Texas for a fundraiser, he said the ad was a harmless holiday greeting even though it excludes other religions.
"If we are so politically correct in this country that a person can't say enough of the nonsense with the political attack ads could we pause for a few days and say Merry Christmas to each other then we're really, really in trouble as a country," Huckabee said.
Catholic League president Bill Donahue said Huckabee went beyond wishing people a joyous holiday. Donahue said he was especially disturbed by the cross-like image created by a white bookcase in the background of the ad, saying he believed it was a subliminal message.
"What he's trying to say to the evangelicals in western Iowa (is): I'm the real thing," Donahue said Tuesday on Fox News Channel's "Fox and Friends. "You know what, sell yourself on your issues, not on what your religion is."
Huckabee said the bookshelf is just a bookshelf and shrugged off the controversy: "I will confess this: If you play the spot backwards it says, 'Paul is dead. Paul is dead.'"
He was joking about the Beatles' recording of "The White Album" and the urban legend that if a portion of the album is played backwards, the words "Paul is dead" is heard, a reference to the very much alive Paul McCartney.
Comment: In light of this being a reply to Ron Paul's statements and also, keeping in mind Huckabee's status as a Neocon (just what are the odds that both frontrunners would have a connection to Arkansas?), could this have been a veiled threat? The media was quick to explain it but it's out there for everyone to see.
Monday, December 17, 2007
This race is getting very, very interesting.
Tomorrow night, Dr. Paul will be a guest on Glenn Beck for the full hour (check times/listings on CNN Headline News).
Saturday, December 15, 2007
Son’s Past Could Come Back to Bite Huckabee Newsweek Periscope Newsweek.com
Tomorrow, will history be made for Ron Paul??? Can't wait!
Tonight, I'm doing a bit of an impromptu show to further explore BlogTalkRadio- most of the program will be a re-broadcast of a great interview I did with David Lowe- plus we'll be counting down to the Ron Paul Tea Party as we pass thru the midnight hour on the West Coast!!!
Join us if you can....
Friday, December 14, 2007
Huck's gift-givers ended up in state posts - Kenneth P. Vogel - Politico.com
Huckabee took thousands in gifts, records show Special reports Guardian Un
Sorry for tonight's blogtalkradio broadcast. It was mostly a test run to see how easy the equipment is to use. It's 'so-so' in my opinion. For some reason, I had quite a time with the switchboard reverting back to the main page so it made things a bit difficult.
I will have more info coming soon about The Big Finale in '08. Thanks for your support and listenership. A guest list will be coming soon to the main page.
Take care, Merry Christmas and Happy New Year...
PS... The blimp is in the air! www.ronpaulblimp.com
and for those who care, remember the money bomb this Sunday- www.RonPaul2008.com
Thursday, November 29, 2007
Tuesday, November 20, 2007
Friday, November 16, 2007
Thursday, November 15, 2007
Wednesday, November 07, 2007
Some of you may want to share this video of me and Nita on the Harvest Show with your mailing lists. The discussion is on biotechnology and redefining what it means to be human. Also the possibility that new sciences could create a new "Nephilim".
Monday, November 05, 2007
Does anyone have any suggestions on how to improve the show? You can post here or email me at Bruce@brucedcollins.com
I'm leaning toward the affirmative. I believe it to be the right thing to do.
Friday, November 02, 2007
You know, it's getting harder to hide money outside the United States. Wonder why?
Wednesday, October 31, 2007
October 29, 2007
In August, Alan Greenspan’s memoirs, titled “The Age of Turbulence: Adventures In A New World”, debuted with plenty of media fanfare. Greenspan hit the interview circuit with a passion, appearing on financial networks, major talk shows and news magazines.
It was oddly like the hoopla that networks display when the cast of a formerly beloved television show reunite- our old pal Alan was back without missing a beat.
To Greenspan, his penned masterpiece was an explanation of his two decades at the Federal Reserve and his views of future economic trends. To others, it was a heavy handed justification for Central Bank manipulation.
The interesting thing about “The Age of Turbulence” is that almost none of the media yet acknowledges that the turbulence belongs, in large part, to Alan Greenspan, the US government and the Federal Reserve.
There are certain turbulent events in nature and human action that happen on a regular basis that no economic guru can foresee or modify. However, economic ‘turbulence’, although largely ignored in the media, has almost exclusively been influenced.
Years ago, Alan Greenspan was an associate of philosopher Ayn Rand, forming a twenty year relationship. While Rand was no proponent of religion, she was against the evils of collectivism, opting for individual rights instead. Rand had her faults, in my opinion, because she did not understand that God-given rights also require God-given responsibilities, such as charity and service.
Nonetheless, through Rand, Greenspan understood the dangers of a collective thought process running concurrently within media, government and the cultural elites.
Greenspan even understood the value of a currency being tied to a gold standard. He wrote of the dangers of inflation (which occurs when the Federal Reserve prints money that is not tied to a tangible asset such as gold) in 1966. In July 2000, he admitted to his "having actually attended a seminar of Ludwig von Mises" in the 1960s and also admitted that many of the concepts developed by Austrian economics and Von Mises “still are all right."
Yet, when he became the Federal Reserve Chairman, he seemingly abandoned all good sense about economics.
During the Greenspan era, booms and busts were orchestrated every few years. One after another bubble occurred with the Fed Chairman usually “unaware” that we were in the midst of another “irrational exuberance.”
The latest Fed orchestrated mess is the housing bust and dollar collapse. Again, Greenspan, just shy of retirement, was not warning the masses of the latent danger.
A man, well versed in Austrian economics and a protégé of Ayn Rand, did not seem to understand the potential catastrophe of another fiat currency debacle. This was also a man who understood the dangers of collectivism.
What went wrong?
Perhaps Ms. Rand’s biography gives us a clue.
"Do you think Alan might basically be a social climber?" Rand once asked a mutual shared contact.
Alan Greenspan joined the collective.
It was Alan Greenspan who, in later years, decided that gold was merely a “barbarous relic” and not relevant to the ‘new world.’ It was Greenspan who threw away his belief in individualism and Austrian economics and opted for the socialist, and widely accepted, Keynesian view of economics.
It was Greenspan who was admired by the media, called “The Maestro” by Bob Woodward, all the while allowing the US dollar to careen out of control.
It was the Alan Greenspan Federal Reserve that walked hand in hand by printing money in pace with big government deficit spending of the last twenty years.
In 2003, during the peak of a bubble that was obviously going to burst, Alan Greenspan spoke something so absurd, it must have been a ploy to either bankrupt the middle class or keep the economy going. I’ll let the reader decide.
The details brilliantly retold from an article titled, “There Goes The Neighborhood” by Benjamin Wallace-Wells:
“One of these spells flared up during the last week in February, when Greenspan recommended that the home-owning public take a good hard look at switching from fixed-rate mortgages, under whose terms payments stay the same no matter what interest rates do, to adjustable rate mortgages (ARMs), where payments fluctuate along with interest rates--which, right now, makes close to zero sense. Interest rates are lower than they've been in 30 years, and, with all economists predicting a general economic upturn, and Bush's budget deficit and the weak dollar sucking up capital, little doubt exists that interest rates must rise, in which case, switching from a fixed-rate to adjustable-rate mortgage would be pretty costly for any family naïve enough to take Greenspan at his word. The episode did not pass completely without critical notice. It was "the strangest bit of advice ever to be proffered by an American central banker," Jim Grant, publisher of Grant's Interest Rate Observer, told the San Francisco Chronicle. Then the press moved on: "Oh, it's just Greenspan."
“But sometimes wacko ideas can betray deeper truths. It is tempting to ask what stake the chairman might have in trying to convince millions of people to do something so contrary to their own interest. “
Now, this episode is even more interesting when you consider that by 2005, Greenspan was warning of a house price crash. His wish came true.
Yes, we are in an age of turbulence, but much of it created by our Central Banking system. One must ask, why would smart economists do such dumb things?
I think Glenn Beck, the highly popular CNN host, is on to something. Paraphrasing, Glenn said recently,” At the risk of sounding like Ron Paul, I believe that the government is on a course to hyperinflate our currency so that they can introduce the Amero in a few years.”
I’m happy to see a national personality get it (even if they may not fully get it). We are on a course, thanks to the elites such as Mr. Greenspan, to blur our borders with Canada and Mexico and we are on a course to collapse our dollar to introduce this new currency.
I only know of one candidate running for President who seems to get it. I only know one candidate who understands the principle of sound money and Austrian economics. I am only aware of one Presidential entrant who knows how close we are to Martial Law and totalitarian government. Only one, if elected, has pledged to do away with the socialist Federal Reserve system.
That’s Ron Paul.
Tuesday, October 16, 2007
We most definitely have deflation in the housing market and the credit crunch, full blown, would most certainly cause a deflationary collapse, if unchecked (or maybe un-engineered is a better term). So, there are signs that look reminiscent of the 1930's depression.
On the other hand, look at the prices of groceries, oil and the price of commodities? Looks like the Jimmy Carter/ 1970s inflation.
Where are we headed? I have to believe it will be as follows: inflation, hyperinflation and then deflation.
We have the inflation now (with certain asset deflation due to over-speculation that occurs in a fiat and/or inflationary monetary system). So, basically, we can say that housing went thru the cycle of inflation, hyperinflation (bubble, in this case) and deflation before the rest of the economy. That happens.
However, this overall inflation will jump to hyperinflation, in my opinion, because the Federal Reserve is a monetary engineering machine. It would be different if our currency was tied to an asset and we could not print our way out of a problem. Today, if the temptation to print more of an ever increasing worthless currency is strong because it solves temporary economic collapse, they will do this. They will print and print and print until we have Weimar Republic or Argentina style hyperinflation.
They will print until they cannot print anymore- undoubtedly followed by an introduction to a new currency (Amero?).
Strange Days Indeed.
Monday, October 15, 2007
I'm also thinking about coming back to The Big Finale in January. It's something that I miss greatly. I found myself learning so much from many of the guests. That's why I don't use the hour to talk about myself, I'm really just a learner. I've been privileged to have a lot of smart and fascinating guests.
Friday, September 07, 2007
Despite the fact that I have decided to not continue doing The Big Finale, my life doesn't seem less busy. My 'day job' is busy at times (although this week wasn't too bad).
I'm still going to be doing book reviews for Raidersnewsnetwork.com and I intend to work on this blog and make it what it should be (or could be, at least).
I loved doing The Big Finale but it was more difficult than I ever imagined. Trying to keep up by reading the guest's books, formulating questions and contacting future guests (while trying to remain in touch with upcoming guests so they didn't forget when they were going to be on the show) was a lot of work. I did it for two years and it was great but the audience was very very small.
The most hits my website ever got in one day was 200 but, typically, my website usually only reaches 20-50 on Fridays. Even less than that about a quarter of the time. You can be sure when your audience is this small, you're preaching to the choir. That's ok but I had hoped for more.
I've really found the economic news fascinating as of late. Here we have an economic system that is literally sensitive to going in either direction: deflation from an imploding credit crunch or inflation from massive liquidity being pumped into the banking system.
Which one will win? My money is on inflation at this point.
I'll try to devote more time to this blog and have a regular comment and/or news items to share with all of you.
Thanks for stopping by!
Friday, August 24, 2007
Thursday, August 23, 2007
You bet your bottom dollar.
American Home Foreclosures Leap 93% in a Year
Over 8.5m Will Be Denied Credit as Level of Debt Soars
Stocks struggle on credit woes
Bank borrowing from the Fed surges
Subprime may be hitting credit cards, too
Countrywide CEO sees recession ahead If only he'd seen a housing bubble ahead!
Ron Paul wins Washington State straw poll I know these mean little to the final tally but there is hope...
Monday, August 20, 2007
Only Panic is Left
Russians Have Psychotronic Weapon to Zombie People
Central banks are stealing from the average citizen
Capital One closes mortgage unit What's in their wallet?? Apparently, not too much!
We're not out of the woods
Friday, August 17, 2007
Doug's website is www.traditionsofmen.org
Show starts at 7pm PST at www.radiohaven.net
"See" YOU there!!!
Thursday, August 16, 2007
A lot of talk about the Yen Carry Trade today...
I found this interesting write up from March of this year:
I've always believed that if the BoJ were to bring interest rates back up to normal, growth would continue at its pace as well as a sharp increase in inflation, what with something like $1 trillion in the carry potential repatriating. That should solve a lot of the world's liquidity problems as well. That would mean further interest rates would not necessarily be needed from the Bank of England, Reserve Bank of Australia, Reserve Bank of New Zealand, Bank of Canada, European Central Bank and of course our own Federal Reserve. All that money in our system slowly moving back to Japan would do the dirty work for the world's central bankers.
So, is this a central bank orchestrated event? That would make sense as this would free up some money (in addition to another $17 billion being pumped into American banks).
Wednesday, August 15, 2007
Stock Market Brushfire; Will There Be a Run on the Banks?
If Americans Stop Shopping, Then Panic
Homebuilders' confidence at 16-year low -maybe they could use some Tony Robbins' positive thinking tapes :-) By the way, is that guy still around and what happened to Carlton Sheets, the real estate infomercial guru- has he survived the meltdown??
Berkeley Analysis Confirms FMNN Report of Big Iowa Win for Ron Paul
High-risk spending – Ron Paul = Is it possible to be too smart to be electable?
The mortgage crunch bites even the rich Less tea and crumpets for the snooty crowd
All signs point to housing glut
Millionaire hopefuls' cash gone with breeze Whatever happened to that IamFacingForeclosure.com/ Casey Serin guy? Ah, fame is fleeting.
The Fed Bought What?
Tuesday, August 14, 2007
My 401(K) has a cash position that seemingly looks like a good place to park money while the US Stock market practices kamikaze moves. What's wrong with that? Well, when you dig deeper, much of the "CASH" are mortgage-backed securities. It really makes you wonder what all will be devastated when this thing finally hits the last barricade and leaps over the cliff.... If you have a cash position in your 401 (K), you might be better served just putting your money in the international fund (especially if your company does not offer inflation protection).
California cities fill foreclosure list "We built this city on massive debt..."
Wholesale inflation jumps in July The worst of all worlds, our housing 'investments' are going down while everything else goes up.
Housing woes hammer Home Depot, Wal-Mart
Mattel recalls over 9M more toys Santa, have you been poisoning my kids?
What Does "Fed Pumps $68 Billion into Banking System" Actually Mean?
Monday, August 13, 2007
Asia and the Vicious Cycle of Bank Bailouts
Kindling for the Real Estate Inferno
Financial System in Jeopardy! - maybe Greg Kihn can resurrect his 80's career with a new financially based song, "Our Money's in Jeopardy"
A wicked credit crunch
Storm clouds for builders – San Francisco Chronicle
Ron Paul: Nearly 10% in Iowa straw poll
What You Didn't Know: Government Agencies, Federations Quietly Developing Technology For Prophetic 'Global ID System', Not Just National ID
World's First RFID Smart Retail System Launched
SCHMIDT RFID, a leading RFID solution provider has launched the world’s first Smart Retail System (SRS) which uses Radio Frequency Identification (RFID) technology and sophisticated software. The system offers customers a unique and innovative shopping experience.
I seem to remember these headlines being written in a book over two thousand years ago:
REVELATION 13:16 "And he causeth all ... to receive a mark in their right hand or foreheads, that no man might buy or sell save he that had the mark"
Saturday, August 11, 2007
Mitt Romney4,516 / 31.5%
Mike Huckabee2,587 / 18.1%
Sam Brownback2,192 / 15.3%
Tom Tancredo1,961 / 13.7%
Ron Paul1,305 / 9.1%
Tommy Thompson1,039 / 7.3%
Fred Thompson203 / 1.4%
Rudy Giuliani183 / 1.3%
Duncan Hunter174 / 1.2%
John McCain101 / 1.0%
John Cox41 / .1%
14,302 Total Votes
26,000 Total Tickets Sold
Source: Cyclone Conservativeshttp://cycloneconservatives.blogspot.com/2007/08/mitt-romney-wins-ames-straw-poll.html
>>Starting this month in a port neighborhood and then spreading across Shenzhen, a city of 12.4 million people, residency cards fitted with powerful computer chips programmed by the same company will be issued to most citizens.<<
Who says the countries of the world aren't working together? This is exactly the NATIONAL ID card proposed for May 2008 in the USA.
To quote my ancestors: LIVE FREE OR DIE.
Thursday, August 09, 2007
Wow, the Dow really took a tumble today and I wouldn't be surprised if there are more days like this to follow. HIGH volatility right now. It's better to hold cash until you can recognize a bottom and then, by all means, dive into stocks that will do good under an inflationary scenario- because the Fed is juicing the monetary supply. They doubled output this week (and several other countries did also, which proves when this thing gets out of hand, commodities will be a better bet than foreign fiat currencies)...
I also thought this was pretty cool: WWE Wrestler Kane Supports Ron Paul (Sooo, he's actually a GOOD GUY)... When I was a promoter, I mostly met 80's wrestling stars, not the current ones (although I did meet the Rock- nice guy)... but Kane seems pretty sharp, all of a sudden.
Chinese Prosperity Will Set Off Global Food Inflation
Terrorists Teaming With Drug Cartels
Asian shares tumble on Wall Street selloff
Ron Paul quietly converting GOP believers
Wednesday, August 08, 2007
Tuesday, August 07, 2007
The Federal Reserve: Destroyed From The Inside Out
My friend Lynn Marzulli, who recently appeared on Coast to Coast AM, and had an internet radio show that followed mine on Friday nights:
The Mothman Prophecies
US Housing Crisis Deepens as American Home Mortgage and Other Lenders Face Defaults
U.S. Productivity Rose 1.8% Last Quarter; Labor Costs Up 2.1%
Blame Greenspan or, more appropriately, just blame the entire Central banking system!
Ron Paul delivers the best moment in the GOP debates
Monday, August 06, 2007
Wednesday, August 01, 2007
New Al Qaeda Web Ad Threatens 'Big Surprise'...
Prophetic Last Day Signs Come to Life in Light of Events
Tuesday, July 31, 2007
More firms hit by meltdown in subprime loans
Consumer confidence near 6-year high - This is pretty interesting. I wonder if this is 1929/'everything is great' mentality.
Retirement risk: Who's falling short
Housing Death Knell for the Economy
Let's see what they are saying overseas:
Sub-prime crisis may trigger global meltdown
Monday, July 30, 2007
Using Terrorists to Establish World Government, Pt 1
FBI Wants Funds for Phone Records
Bay Area foreclosures skyrocket
Silicon Valley mortgage defaults spike
Debt Crunch Is Taking On A Global Scale
A Great Depression for Housing?
Friday, July 27, 2007
Craig's website is http://www.fitadvocate.com/
He'll be with us tonight for the full hour on The Big Finale at 7pm PST/ 10pm EST.
Feds: Economy Growth Best in a Year...
Thursday, July 26, 2007
MS-13 Gang Seeks to Unite Nationwide
San Diego County foreclosures rise 551% in first half of 2007
San Francisco 4th Riskiest Housing Market
Foreclosures go through the roof across the SF Bay Area
Wednesday, July 25, 2007
Tuesday, July 24, 2007
Monday, July 23, 2007
FED Chairman: Delusional or Deceptive?
Traders Ask How Low Can the Dollar Go
Cereal Supply Shortage Puts Crunch on Processors
Trillion Dollar Debt Bomb
Desperation Loud and Clear in San Jose Area
Saturday, July 21, 2007
by John Rubino
July 20, 2007
In “The Coming Collapse of the Dollar,” James Turk and I said this about the effect of a falling dollar on other countries:
Recall that the only reason Japan or Europe can generate even their current meager rates of growth is the willingness of U.S. consumers to buy their Hondas and BMWs. As the dollar plunges, Japanese and European goods, priced in suddenly-appreciating currencies, will become prohibitively expensive for U.S. consumers, who will respond by buying U.S.-made alternatives or nothing at all. Correctly interpreting this change in buying patterns as a threat to their vital export sectors, European and Japanese leaders will respond with the only weapon they have left: monetary inflation. They’ll cut interest rates and buy dollars with their currencies, flooding the world with euros and yen the way the U.S. now floods the world with dollars. The result of these “competitive devaluations” will be a death spiral for all major fiat currencies, in which European or Japanese bonds will fare as badly as their U.S. cousins.
This week the markets got a glimpse of how the competitive devaluation story might play out, as Europe confronted the impact of a “strong” currency. For the past few years, the European Central Bank has shown admirable restraint, raising rates in response to a surging money supply and allowing the market to set the value of the euro. This in turn has caused the euro to soar against the dollar, testing the premise that a system as fragile as Old Europe can’t tolerate an appreciating currency for long. And sure enough, France has begun lobbying for—get this—the right to vote on European Central Bank interest rate policies.
Trichet's Rebuke of French Government Widens Rift With Sarkozy
July 19 -- Jean-Claude Trichet's rebuke of a French demand for a greater voice for governments in setting interest rates deepened a rift with President Nicolas Sarkozy.
``Such declarations are not acceptable,'' European Central Bank spokeswoman Regina Schueller said yesterday on behalf of Trichet. ``The president of the ECB repeats with gravity that any attempt'' to influence the ECB violates the European Union's founding treaty.Sarkozy has complained that the Frankfurt-based central bank's eight interest-rate increases since late 2005 have driven the euro to a record, threatening European exports. While Sarkozy has retreated from a challenge to ECB independence, he said last week he and Trichet are not ``on the same wavelength.''
``For Trichet, more lobbying from the French government undermines the credibility of the ECB and that's what worries him, which is why he's hitting back,'' said Julian Callow, chief European economist at Barclays Capital in London. ``The battle will get more intense as the euro continues to rise.''
The euro rose 0.2 percent yesterday to $1.3810 at 6:11 p.m. in Paris, retreating from a record of $1.3833 set earlier. It's up almost 5 percent this year and 55 percent since the end of 2001.
Sarkozy has criticized the bank's exclusive focus on inflation, and Trichet has questioned Sarkozy's tax cuts that would violate a French pledge earlier this year to reduce the nation's budget deficit.
Trichet’s European Central Bank won this early skirmish, of course. By law the ECB is independent, so a frontal assault by France or any other European country isn’t going to succeed—at first. But anyone who thinks the Eurozone welfare states will maintain their composure with the euro at, say, $1.50, simply doesn’t understand how democracy works in this late, decadent stage of its evolution. If the dollar keeps falling against the euro—as market forces pretty much guarantee that it will in the absence of major intervention—the euro system will have a nervous breakdown. Under pressure from exporters no longer able to sell to U.S. consumers, member governments will change the ECB charter and force it to cut rates, or they’ll start opting out of the common currency, or they’ll adopt wildly inflationary tax-and-spend policies designed to offset the rising euro.
However it plays out, the result will be a world in which competitive devaluations drive the price of all the major currencies inexorably towards their intrinsic value, which is the paper on which they’re printed. But it might be a while before most people notice. As surreal as this sounds, if the major fiat currencies are falling more or less in tandem, to unsophisticated eyes they’ll continue to appear to be stable. That’s been the case for the past few years, with the prices of oil, gold, healthcare and food soaring (which is another way of saying that paper currencies are plunging) while mainstream analysts proclaim inflation low and many of the world’s currencies “strong.”
But as this process accelerates, the fiction of strong and weak currencies will be harder and harder to sell. Inflation will migrate from “good” things like houses and stocks to life’s necessities, and the link between prices and the unit in which prices are expressed will become clear to everyone. Then the death spiral begins.
© 2007 John Rubino
John Rubino is the author of The Coming Collapse of the Dollar (co-written with James Turk), How to Profit From the Coming Real Estate Bust (Rodale, 2003), and Main Street, Not Wall Street (William Morrow, 1998). A former Wall Street financial analyst and columnist with theStreet.com, he currently writes for Fidelity Magazine and CFA Magazine He lives in Moscow, Idaho. Contact by Email.
Jerry E. Smith, as usual, was an outstanding guest last night. I really enjoyed learning about the 'Spear of Destiny'. I don't know what to make of it but if the spear truly carried 'power' to cause things to happen amongst powerful leaders, I suppose there could be something sinister controlling it. It's a fascinating topic and we got down to a lot of great information and lore surrounding this most mysterious relic.
In case you missed it, I'll have the archive up sometime this week. JUST A REMINDER: Soon, 99.9% of information on The Big Finale will be found at www.411ing.com/TheBigFinale.html.
I'm converting BruceDCollins.com into a site devoted mostly to my books (as I plan to devote some time to publishing one or two books in the near future).
Have a great weekend all!
Thursday, July 19, 2007
Housing market to slump till year end (and well beyond...)
Bernanke Warns Housing Slump Will Slow Economic Growth
Hate Bill Holds America Hostage
Pentagon Starts Spin Unit to Target Talk Radio, Bloggers Once they kill free speech, the American dream is over. Fight this tooth and nail.
'Late, Great USA' a New York Times Best-Seller
Wednesday, July 18, 2007
Gold rallies on Bernanke's subprime concern Wrong. Gold rallied on Bernanke's inflation concern. As I stated twenty four hours ago, the Fed telegraphed what I just predicted yesterday- they will convey their inflation concerns which will justify future rate increases- but they will not be able to raise rates fast or severely enough to combat runaway inflation.
Difficult conditions worsened in the second quarter
Ron Paul emerges as GOP's unlikely rock star candidate ROCK on!
Tuesday, July 17, 2007
It's really the big question: will we face Depression era deflation or 1970's style inflation. The answer is probably both. It looks like inflation is the current issue and don't be surprised (even though a lot of contrarians are predicting rate cuts) if the Fed does not cut rates and, in fact, has to raise rates. They won't be able to raise rates fast enough to stem the inflationary problems but they will sharply destroy the home mortgage industry- in other words, the worst is yet to come in that sector.
Monday, July 16, 2007
Goodbye America, Hello North American Union
Public Forums Denied on Upcoming SPP Summit
Mortgage Equity Withdrawal Syndrome: The 3rd Rail of the Housing Led Boom
Oil Eases After Hitting Fresh 11-Month High
This Generation Shall Not Pass Me The Remote
A justification for $5,000 gold
U.S. subprime woes deal major blow to dollar
Toll Brothers' debt outlook now negative - Moody's
Ron Paul faces the Google masses
Sunday, July 15, 2007
This is the video from Ron Paul's speech on Saturday. I'll have pictures later in the week!
Part 1: http://www.youtube.com/watch?v=l-l-os1LYjo
Part 2: http://www.youtube.com/watch?v=EmbN1PdfN44
Part 3: http://www.youtube.com/watch?v=pMESWU9dAT0
Part 4: http://www.youtube.com/watch?v=oL534Mj01kQ
Saturday, July 14, 2007
Thursday, July 12, 2007
It'll be fantastic.
Wednesday, July 11, 2007
Tuesday, July 10, 2007
>>Investors appeared to largely overlook a speech on inflation by Federal Reserve Chairman Ben Bernanke, who said energy price spikes have not led to persistent inflation or a recession in recent years.<<
Monday, July 09, 2007
And, now the rest of the story (sorry, Paul Harvey):
American Debt Has Destroyed American Independence
Nuclear Alert by Ex-Head of MI5
Gold stock rally beginning
Increasing rate of foreclosures upsets Atlanta
Sunday, July 08, 2007
Saturday, July 07, 2007
Join me Saturday at 9am PST/ 12pm EST for full coverage of the Ron Paul rally from Mountain View California. I will be there and will be reporting the events live.
I will be bringing a laptop, a digital camera and possibly a webcam.
It will be live at http://www.ronpaulrally.blogspot.com/. Hope you can make it!
I have conversed with one of the folks behind the scenes with the Ron Paul Rally in Mountain View, CA. Due to the Wi Fi that is available from Google (Google HQ is nearby), bloggers will be welcome to bring their laptops and blog during the rally.
I won't be blogging but I will report on the event later in the day. I will be having lunch in a group of about 200 people after the rally. Ron Paul will be present.
The speakers that will precede Ron Paul are also very dynamic speakers. G. Edward Griffin wrote The Creature From Jekyll Island, which was a very important indictment of the Federal Reserve.
Joe Bannister was an IRS agent who figured out that there was not a law requiring people to pay income taxes. He left the IRS, stopped paying taxes and then when the government took him to court for not paying taxes, he won!
Check out the full list of activities: www.RonPaulRally.com
Friday, July 06, 2007
Thursday, July 05, 2007
"Name That Test & Tune" premieres on the Speed Channel on July 15th during the Launch Hour.
I only knew him as the young man who made tremendous mistakes in a quest for instant riches. 'Get rich quick' never works but most of us, if we are honest, would probably admit to chasing instant wealth at least once in our lives - usually (and hopefully) when we were young enough to rebound from the ill fated experience.
However, what has transpired recently, is that Serin has apparently realized that money is beyond his reach and fame is the next best thing. I believe this to be the case. His debt must be piling up daily. CashCall isn't getting any wealthier from him.
About the book
In all seriousness, does Casey really believe that droves of people will buy his book? It is not going to be marketed, after all, by a major publisher and as near as I can tell, it's going to be sold as an 'e-book' from someone who resembles the same 'class' as the Rich Jerk (www.richjerk.com). Can you imagine a massive amount of people getting a book about someone's bad mistakes from a shyster looking website? I can't!
The cover is very cool, in my opinion. I like that. However, I can't understand the angle of the book and how people would find it interesting. It's all rehashed news.
My book hasn't been a 'bestseller' but it did have a niche audience- because some people do actually like wrestling and there was a uniqueness to it as there was never an 'insider' book on how to promote the sport. However, how do you categorize a book whose sub-title is "A Mistake." This isn't self help (?). This isn't a success story. Where is the niche audience? Everyone can read about the unfortunate events on Casey's blog (www.iamfacingforeclosure.com) for free.
I have to be honest and say that I am fascinated by all of this because I don't know what's going to happen next. I'm also hopeful, or maybe wishful is a better term, that Casey will turn his life around and seek spiritual, emotional and financial counseling. I do read the blog regularly but I can't see spending money on what is already free.
Unfortunately, Casey has also apparently abandoned his family. Sad. True enough, usually your family will forgive you in time (although his marriage may be over since he left his wife for Australia) but trust will be incredibly hard to build in the years to come.
It's a fascinating world that Casey Serin lives in...
Ron Paul having a rally near Google HQ in Mountain View, California- very close to where I live and work. Needless to say, I'll be there and I hope you will, too!
Saturday, July 14th at 10am-- with some outstanding guest speakers (who were in the documentary, America:Freedom to Fascism). Should be a wonderful event.
For more info: www.ronpaulrally.com
See you there!
Warning: this story is pretty horrific.
Thanks to all who have purchased the book- AND sincere thanks to all who read this blog, listen to Monster Radio or The Big Finale!
Paperback: 152 pages
Publisher: Imprint Books (October 3, 2003)
Product Dimensions: 7.8 x 5.2 x 0.4 inches
Shipping Weight: 7.2 ounces (View shipping rates and policies)
Average Customer Review: based on 5 reviews. (Write a review.)
Amazon.com Sales Rank: #31,420 in Books (See Bestsellers in Books)
(Publishers and authors: Improve Your Sales)
Proposed OSHA Regulation Threatens Firearm and Ammunition Industry
Kansas Shoppers Step Over Dying Woman
Number of unsold homes increases
CLAIM: 45 Muslim doctors planned US terror raids...
Wednesday, July 04, 2007
Today, on the fourth no less when drunk drivers will sadly be using automobiles as dangerous bumper cars, we hear that ethanol is also affecting the price of beer.
Aside from this being a heavy blow to the pocketbook of Al Gore's son (GORE'S SON JAILED AFTER 100MPH DUI, DRUG BUST... oops, sorry- got a little political there), this is truly another sign of the dreaded "I" word that is feared by government spinmeisters and CNBC bubbleheads.
Make no mistake, inflation is coming hard. While some deflationary effects taking place in the over-leveraged housing market/ fiasco.
Tuesday, July 03, 2007
For more info: speedtv.com
Layoff Fears Part of 'New Normal'
Oil Hold Above $71 a Barrel
Bear Stearns Meets Possums in Georgia as Foreclosures Increase
Key home sale index slides to six-year low
Credit crunch will 'shred investment portfolios to ribbons'
Saturday, June 30, 2007
I have nothing against Casey Serin (nor anyone else) but I think, overall, it probably wasn't the best thing I've done.
I have only paid Casey for one month for my text ad. Since then, the ad has run for about a month and a half. Today, I submitted an email to Casey and asked him to please remove the link.
Lesson learned: it pays to have a full grasp on who you are advertising with, even though at first glance things seem reasonable.
A lot of terrorist activity in the UK right now---
Flaming Car Rams U.K. Airport; 2 Arrests...
LONDON ON THE EDGE
Friday, June 29, 2007
Nationwide Warns Rates May Hit 6Pc
When Hedge Funds Implode
Oil back up above $70 a barrel
Consumer spending up as incomes rebound "We're" still spending more than we make!
Gold futures extend gains on inflation concerns
Bear Stearns Mortgage Funds Under Probe by SEC
Subprime mortgage shakeout claims another fund
Thursday, June 28, 2007
It's a good question and one that I do not have the answer to, but after much digging, I wrote this column on raidersnewsnetwork.com.
By These Stripes, We Can Be Healed
The Worldwide Crack Up Boom, According to Ludwig Von Mises
Pushing National IDs
Oil Rises Above $70 in N.Y. on Increased Demand From Refiners Only the beginning....
Yamana, Northern Orion would merge, take over Meridian
KB Home swings to loss
Wednesday, June 27, 2007
Friday, 7pm PST at radiohaven.net
We'd be honored if you joined us!
Washington Post: Special Operations Preparing Commandos for Domestic Terrorism, Martial Law Throughout US
Schools Educate Pupils On Their Biometric Cashless Future
The New World Order Tracking Device: RFID
West Texas National Bank Adopts Pay By Touch Biometric Check Cashing Service
The housing mirage