![]() | |||
![]() |
Eminem Mosh Lyrics October 30, 2004These are the latest lyrics from rapper Eminem, and a link to download the powerful video (which is huge) MOSH VIDEO LINK http://www.guerrillanews.com/content/eminem_mosh.html LYRICS I pledge allegiance to the flag of the United States of America I scrutinize every word, memorize every line [Chorus:] All the people up top on the side and the middle [Chorus] Imagine it pouring, it's raining down on us [Chorus] And as we proceed,
Posted by rlancaster at 12:21 AM
American Idiot October 19, 2004Lyrics to the Title Track of the Number One Album in America Today Don't wanna be an American idiot. Welcome to a new kind of tension. Well maybe I'm the faggot America. Welcome to a new kind of tension. Don't wanna be an American idiot. Welcome to a new kind of tension.
Posted by rlancaster at 06:26 PM
| Comments (2)
AMERICA’S ADDICTION TO ASIAN CREDIT October 13, 2004Todd Stein & Steven McIntyre “Now, how do they pay for that deficit? They have to go borrow money. Most of it they borrow from the Chinese and the Japanese government. Sure, these countries are competing with us for good jobs, but how can we enforce our trade laws against our bankers? I mean, come on.” - Bill Clinton at the2004 Democratic National Convention ![]() This quote by former President Bill Clinton was perhaps his most important quote in several years, yet the media didn’t give it much attention. While Clinton’s intentions were no doubt entirely political, it is worth some time to give a little thought to the growing purchases of US Dollars by Asian central banks.
Asian central banks have been financing America’s $500 billion current account deficit mostly via the purchasing of US Treasuries. To get a better grip on this number, try to understand that America needs $1 million of Asian capital every minute in order to maintain its current standard of living. Asia presently holds over $2 trillion in foreign exchange reserves and shows no sign of reversing this trend. While it is not news that Asia's reserves continue to increase, it is worth nothing that Japan, China, South Korea and other countries have started to reassess their appetite for US Treasuries. Some Asian finance ministers have spoken out openly about diversifying out of dollars and plowing reserves into alternatives such as gold and euros. As the dollar has fallen to record lows against several currencies, more international scrutiny has been applied to how the United States would fund its fiscal and current account deficits without Asian credit. If America doesn’t decrease its dependence on foreign capital, the dollar could weaken further, forcing the Federal Reserve to choose between (1) protecting its currency by raising interest rates and choking off economic growth or (2) continue debasing the dollar which could potentially result in hyperinflation. Unfortunately, American businesses, consumers and governmental organizations show no signs of reducing their addiction to foreign capital. Eventually, however, the pace of dollars pouring into Asian coffers will slow or, even scarier, reverse. And with a global dollar glut becoming reality, it will take an increasing amount of currency to purchase the same goods and services. When this happens, we expect to see rising prices at Wal-Mart stores, gas stations and grocery stores as tanker loads of dollars end up back on our shores. The fact is that Japan and China have America by the throat economically - although a dollar crisis here will have adverse effects everywhere. While America’s military power is undisputed, there have been signs of China flexing its economic might in order to contain the United States militarily. Our government’s stance on Taiwan, for example, has changed significantly in China’s favor over the last decade. It was only eight years ago when the U.S. responded to Chinese missile threats by sending warships to the Taiwan Strait, in what would become the largest show of naval force since the Vietnam War. It will be interesting to see what America’s reaction will be to Chinese aggression in the future as its leaders have clearly stated that Taiwan is next in line for reunification. During the past few years, reports have surfaced that China has deployed hundreds of short-range ballistic missiles opposite Taiwan. According to the Asia Times, Pentagon officials told Taiwan that by next year, China might be able to deter US counterattacks as “China is adding not only 75 short-range missiles against Taiwan each year but also an inventory of amphibious carriers and light tanks, cruise missiles, unmanned aerial vehicles, and a network of surveillance satellites.” So while President Clinton points out America’s inability to enforce its trade laws against its creditors, we suggest readers read the military and monetary tealeaves as well. If tensions arise with Japan or China, then we expect to see massive dollar selling as a result.
Todd Stein & Steven McIntyre are internationally known analysts and editors of The Texas Hedge Report, a market newsletter that highlights under and overvalued securities in the equity, bond, currency, and commodity markets For more information, go to http://www.texashedge.com
Posted by manystrom at 06:39 AM
| Comments (7)
Team America '04 - Leaders in War Profiteering October 06, 2004
The United States has been the foremost exporter of weapons of all kinds of destruction since the end of WWII, Britain is close behind in second place. War is a massive economic driver, has been since the First Great Depression - think about it........we've been at war since the 1940's. War is now perpetual. Profit is critical in a fractional reserve banking system that depends on a central bank. So war and driving profit and growth are very synergistic. When you add perpetual growth, war and taxes together you get an amazing soup of global dysfunction that now spans decades, if not century's. Wouldn't you like to see just how many tax dollars have been spent on the Cold War, the Vietnam War and now the War on Terrorism since 1940. It'd staggering. And now the current "Team America" seem hellbent on breaking all previous world records for creating mayhem, violence, terror and therefore war profits. Lets take a look at some of the basics: Carlysle Group connections to current and former world leaders are now well known. The Bin Laden family were investors in Carlisle, which is run by such notables as Bush Snr, James Baker, former Prime Minister John Major, Frank Carlucci, among others. These guys have stakes in the Unocal pipeline in Afghanistan, the Anthrax vaccine (which we don't hear much about right now), some of the latest, most expensive weapons systems - like the Crusader - and a number of other massively profitable businesses that are flourishing with the massive injection of freshly printed cash this government is flooding in to the domestic defence economy - let the good times roll! Dick "Halliburton" Cheney has now helped his former employer to more than $4.2 BILLION of tax payers money. Of course now Kellog, Brown & Root have been busted they are being left out in the cold, they will probably even make a temporary loss before being re-made in another image, re-branded and re-launched. Look at the history of war profiteering with US companies since WW II (even before that back as far as the Civil War) it is disgusting. Buy a copy of "Trading With the Enemy" which tells the story of the Bush family connections to the Nazi's and how they profited in prior generations. This is not a new phenomena - they are dynasty's built around war profiteering. But it's not just about directly profiting, someone has to do some of the dirty political work. Remember Paul Bremer, former Sultan of Baghdad and longtime Kissinger protege? He has now made public that he needed more troops to win the peace in Iraq - now there's a concept. He took over Iraq "after" the war and needed more troops to police the Iraqi people than were needed to win the war in the first place. Someone screwed up somewhere! Rumsfeld, aka Skeletor from the old Masters of the Universe cartoon show, has now admitted that there is no provable link between the Saudi Arabian terrorist group called Al Qaida and the former US-backed dictator (turned rogue) Saddam Hussein. Well most of us knew that before the war - why didn't they just ask some of us? First British President Tony Blair has now formally apologized for his lies about weapons of mass destruction (blaming the intel community). Now the world is forgiving him for at least being man enough to finally tell the truth, in the old days he would've been voted out of office - but the elite in Britain have decided not to offer up any credible opposition to Blair so the people continue along the road towards a Fascistic Monarchy, somekind of new political entity! The whole notion of WMD in Iraq is intriguing - IF they found WMD where would they have been manufactured??? Who would've been the suppliers? Well I think we know the embarassing answer to these questions - labels on the sides of those cannisters would've said "Made in the USA by Team America." Cheers Rich
Posted by rlancaster at 12:56 AM
| Comments (47)
|
Recent Entries
Eminem Mosh Lyrics
American Idiot AMERICA’S ADDICTION TO ASIAN CREDIT Team America '04 - Leaders in War Profiteering
Archives by Category
BlogDepression 2 Economy Gold Politics War
Archives by Date
News
NEWS
Links
MARKET TOOLS A.M. Market Call StockPoint MarketGauge Signal Watch BigCharts Ino Charts Morningstar World Indices Forecasts.org Market Vector Island Data DOW JONES NYSE NASDAQ GOLD RESOURCES GATA Gold Eagle Gold Letter The Gold Report 321gold Gold Seek Kitco Money File$ Mining Web Gold and Silver Blog SOLUTION RESOURCES Currency Research TimeDollar Global Resource Bank Transaction Net ITDG Publishing The Firestarter Project FINANCIAL BEARS Fiend Bear FallStreet Prudent Bear Investment Rarities Comstock Funds MARKET INTELLIGENCE LeMetropole Cafe Harry Schultz Letter Financial Sense Ludwig von Mises UCLA Physics Man Urban Survival Zeal Forbes Layoff Tracker FAME Global Economic Forum DAILY NEWS Reuters UPI CNN New York Post USA Today C.S. Monitor Bloomberg The Globalist The Guardian The Independent The Toronto Star Int'l Herald Tribune China People's Daily Gulf News Pakistan News Times of India Iran's IRNA Hindustan Times The Japan Times Argentina Globe Pravda BANKING Federal Reserve BIS The World Bank IMF Bankruptcy Data Bank of England GOVERNMENT United Nations FDIC Public Debt Commerce Department Treasury Department OCC Ready.gov | |