The lawsuits and investigations surrounding the hedge fund that used criminal fraud to fake cookie sale profits made the NYT. Like all the other millions of ponzi-scheme-style of ‘business’ that kept America afloat on a sea of red ink, this sordid tale illuminated how lying, deception and too much debts combined to destroy a physical, [...]
Entries from May 2009
May 30, 2009
Virtue
As the corrupt political parties of Britain go under in a cesspool of theft from the public weal, we can only pray that we have an identical crisis here in the US. Time to clean out the stables! Also, the US and UK mortgage bail out program help virtually no one at all, in England, [...]
May 30, 2009
GM Is Officially Bankrupt & A BIS Japan Banking Report
The Bank for International Settlements released another interesting report this week. It is all about Japan’s savings mania and how secularization of debts missed Japan, which is why Japan is still solvent, unlike the US and UK. And Geithner is following Pelosi, going to China to beg and cajole China into becoming a consumer nation. [...]
May 29, 2009
US Will Lose AAA Rating Just Like UK
It is nearly never mentioned in the news in the mainstream media but gold has been climbing back to new highs as the financial system’s green shoots are shot to hell. The attempt at faking interest rates in the teeth of impending inflation has now failed. Remember: house loans are long, long term loans, not [...]
May 28, 2009
Pelosi Goes To Hu For $6 Trillion More Loans
There is lots and lots of commentary and opinions online. Every once and a while…well, nearly constantly, I go to charts and graphs to see if my analysis is based on some shadow of reality. Keeping things real is life and death when things are going wrong. The only way we can get out of [...]
May 27, 2009
Ruling Elites In West Are Inept, Stupid And Dangerous
When putting pieces of a very large, global puzzle together, it is easy to fall into the trap of accrediting everything that happens as part of a conspiracy against all of humanity. This tendency is used by the Real Rulers as a tool to isolate and mock those who do try to track the very [...]
May 26, 2009
GM Bankrutpcy And Free Trade
GM is most likely going to be bankrupt with the US government holding 70% of the dead business. Meanwhile, Japan demanded and got to force the US to give financing for Japanese research, in Japan, on ‘green’ [sic] auto technology. Free Trade is so cool, isn’t it? I examine the dying US auto industry and [...]
