My Host Site, WordPress, Is Run By TOTAL IDIOTS…GRRRR

Sorry about the delay in posting.  Wordpress has decided to go down the same wretched road Typepad went: I pay GOOD MONEY to these CLOWNS to give me service.  They then let a bunch of non-paying posters use the same service.  And when I needed them to fix something, NO ONE WOULD ANSWER MY EMAILS!  Things are still not fully fixed and it will piss me off no end to have to ditch them.  This is why so many businesses go under: they forget who the boss is.  The boss is the person who pours money into the business.  PERIOD.  I hope WordPress wakes up and smells the coffee.

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But then, no one listens to me.  On with the economic news:

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SEC Proposes Ban on Allowing Stock Flash Orders (Update1) – Bloomberg.com

The U.S. Securities and Exchange Commission proposed banning flash orders after lawmakers said the practice may give hedge funds an advantage over other investors. .

SEC commissioners unanimously voted today to seek public comment on a rule barring exchanges and trading platforms from giving clients access to information about stock orders a fraction of a second before the market. The proposal requires a second vote at a later public meeting to become binding.

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“Investors that have access only to information displayed as public quotes may be harmed if market participants are able to flash orders and avoid the need to make the orders publicly available,” Chairman Mary Schapiro said.


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One small step for the regular investor.  The giant international banking consortiums who have already fatally corrupted the entire business on Wall Street found a new toy with which they could scam all other investors.  Time is money.  Goldman Sachs and JPM both rigged a game whereby they operated in a totally different time continuum than others on Wall Street.  This is a form of time travel.  The gnomes got to run just slightly ahead of everyone else and this way, could BEAT them to the punch.  Or get to the head of the line to the punch bowl.

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Thanks to the Russian computer programmer that fled the coop, the news of this new gamester rip off washed across the world and the engineers who created this cheating system will now hopefully see it eliminated.  Of course, the richest guys in the world will spend a tremendous amount of money to prevent Congress from controlling this rip off scam.  Of course, over time, all other players will exit this system if it continues to be ever-more unfair.

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US credit shrinks at Great Depression rate prompting fears of double-dip recession – Telegraph

The M3 “broad” money supply, watched as an early warning signal for the economy a year or so later, has been falling at a 5pc annual rate.

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Similar concerns have been raised by David Rosenberg, chief strategist at Gluskin Sheff, who said that over the four weeks up to August 24, bank credit shrank at an “epic” 9pc annual pace, the M2 money supply shrank at 12.2pc and M1 shrank at 6.5pc.

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“For the first time in the post-WW2 [Second World War] era, we have deflation in credit, wages and rents and, from our lens, this is a toxic brew,” he said. It is unclear why the US Federal Reserve has allowed this to occur.

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This depression is following the exact same pattern all previous depressions follow.  The nearly-identical funding schemes, the identical monetization projects, the same public projects such a building the Hoover Dam in the US during the Great Depression.  This is why all depression graphs look pretty much the same.  That is, there are these interesting surges that make it look as if all is well.

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The US entered this particular depression back in 2000.  Only via immense expenditures of debt money, could we have even a ghost of an illusion of commerce and industry.  The present solution has been more debt money flowing into the system.  And its success rate will be as poor as previous, identical attempts such as in Japan, for example.

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From my own blog, September 15, 2008: Money Matters: World Stock Markets Crash

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Great_depression_stock_graph_where_

Just like back then, once the bubble pops, the actions of the bankers and the government as well as the bell-weather buffoons at the Federal Reserve created this jagged graph. Note all the red lines I added: these were ‘rescue operations’. Each one came after a set period of time. About six months apart. Each infusion of new money and new deals would cause the markets to shoot upwards but never to the previous highs. Each high is lower than the previous one. This gives all graphs of recessions and depressions the same graphic lines downwards. Once it hits bottom, it can crawl there for a long time. Assuming all bottoms=bull markets is foolish.

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This is because the see-saw decline decimates both bears and bulls. The people with money to speculate with are fewer and fewer and more cautious each cycle. We see the warning flags of this caution in government bond markets. This is the ‘rush to safety’. Only in this case, there is no safety since the governments themselves, especially Japan, England and the US, are heading towards bankruptcy. The Japanese do have lots and lots of bonds from the US and England but this simply makes them more vulnerable. For Japan is carrying a huge government debt just like the US and England. The three G7 nations owe collectively almost $30 trillion. This is a lot of money.

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The surge in debt is immense.  Beginning with September, 2008, it has shot upwards in the classic ‘hockey stick graph’ style that always indicates a dire, deadly situation.  Universally, these sorts of graphs should raise alarms.  There is no way it can be viewed as good, even if it is something fun like the price of gold or stocks.  Nothing moving  in this fashion ever ends well.  It usually ends with a violent and very sudden collapse.

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Rising Debt May Cause Sun to Set on U.S. Economy: Chart of Day – Bloomberg.com

The dread hockey stick charts

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Gold has surged past $1,000 an once and oil bounces around between $65-72 a barrel.  The dollar is weaker against most major currencies.  The US debt per capita is still half of that of Britain and a quarter of Japan’s debt per capita.  But the nature of hockey stick graphs is, stopping the momentum is nearly impossible when this dynamic is at work.  It stops only when it hits this invisible ceiling.  All systems have their own inherent energy and the rocket-style track of these sorts of things are impossible to control.

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That is, once we get committed to this sort of vast growth in debt, it is nearly impossible to resist it.  So there will be always endless excuses to continue wild misspending.  Since the US is also viewed by many nations, beginning with Israel, as a fountain of free money, everyone clamors to get more of this easy credit.  Since much of the US industrial base is military, the temptation to support manufacturing via war spending is tremendous.  So the US will continue to import nearly all the manufactured goods we consume in the civilian sector while our industrial base slides more and more into purely government-funded manufacturing.

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This gives a false picture of US economic health.  I wish graphs and charts issued by the government and the Federal Reserve would isolate military manufacturing and spending from the general economic figures.  Russia made this mistake before it collapsed.

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Supermarkets Cut Prices to Lure Customers – washingtonpost.com

Supermarket prices are plunging as the global downturn drives down the cost of staples such as wheat, corn and milk and grocers fight for the wallets of penny-pinching consumers….

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…The price of corn, for example, is down 56 percent since July 2008 on the Chicago Board of Trade. Such drops have helped drive down the grocery consumer price index, which measures what shoppers pay at stores, about 2.5 percent since its peak in November, according to new data released Wednesday by the Bureau of Labor Statistics. While there was an upward blip in energy prices that drove the wider consumer price index up 0.4 percent in August, over the past 12 months overall consumer prices have fallen 1.5 percent.

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We are definitely in the Japanese style of depression.  It is nice to get things cheaper but this also means farmers will see really severe reductions in their income and this is following the same track as the Great Depression.  Once we get trapped in a ZIRP banking system, it is hard to escape.  Any even slight rise in interest rates will kill the economy.  The appearance of health thanks to the government bankrolling auto sales profits, simply added to the national debt.  We can’t do this with everything, all the time, forever.

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Canada Consumer Prices Fall More Than Expected 0.8% (Update1) – Bloomberg.com

The consumer price index fell 0.8 percent in August from a year earlier, after July’s 0.9 percent drop that was the biggest since 1953, Statistics Canada said today in Ottawa. Economists surveyed by Bloomberg expected a 0.7 percent decline, based on the median of 20 estimates. On a monthly basis the index was unchanged in August, instead of the 0.1 percent gain economists predicted, after a 0.3 percent fall in July.

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The depression is international.  As I often remarked in the past, Japan was the world’s #2 (now, #3) economy and was mired in this ZIRP depression for over a decade.  And Japan tried to export its way out of this depression.  But, as exports shot up, the general domestic economy collapsed more and more.  And now, this has caused a population collapse.

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St. Louis Fed: FRED Graph

Decline of US Manufacturing

Decline of US Manufacturing

The Plaza Accords restricted German and Japanese exports to the US using the medium of dropping the value of the dollar. During this period which lasted from 1985-1999, US manufacturing production stabilized with a slight downward float.  The deep recessions seemed to be a thing of the past.  But starting in 1999, after the Great Asian Currency Crisis, the Dot Com stock market crash didn’t fall as deeply as the 1974 and 1983 collapses.  But the recovery re-established the constant downward trend.  And the present collapse is much, much worse than the previous three.  If we follow the arrow, the manufacturing index will fall to below 75% at the PEAK of any future recovery.

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Picking Nits: After Six Months, Deja Vu

The first half of 2009 has certainly seen an extraordinary outpouring of big government flexing the power of treasure and policy to alter the course of a business cycle. U.S. taxpayers and the world have been asked to participate in a massive co-investment of mind over matter. So has it worked? Has the government indeed shifted the stress profile of the banking system to safer ground?

Unfortunately looking at the 2Q2009 industry stress distribution numbers based on the latest FDIC research master file the numbers tell a tale of doubt. Table 1 shows the population distribution of IRA bank stress indices computed over the weekend. The data includes every active bank in the United States for the end of 2Q.

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This blog has a good pair of graphs that show clearly that our banking sector has not recovered at all.  It is one third the number of banks we had during the Reagan era.  And this number is falling.  Consolidating the banking into larger entities has not protected us from banking collapses, quite the opposite.

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Exclusive Interview: Congressman Alan Grayson Talks Fed Transparency and Missing Money | Wall St. Cheat Sheet

Damien Hoffman: Congressman Grayson, I recently penned an article called “Has the Federal Reserve Failed?” in which I looked at their four government delegated duties and concluded they simply have not done their job. What is your proposal to make the Federal Reserve more transparent and accountable?

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Congressman Grayson: H.R. 1207 is one of the simplest bills imaginable. Unlike the healthcare bill which is over 1000 pages, H.R. 1207 is a page and a half. The bill lists the existing exclusion of the Federal Reserve from oversight by the Government Accountability Office (GAO) and allows the GAO — an independent body — to audit the Federal Reserve Bank.

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The Federal Reserve Bank has not had an independent audit since it was created almost 100 years ago, and it needs an audit. Many times we have exposed gross acts of irresponsibility on the part of the Federal Reserve. So, we need to dig in and get details.

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Just a few weeks ago, while Chairman Bernanke was testifying to Congress, we examined the Fed balance sheet and P&L statement only to find what looked like the Fed handing over half a trillion dollars to foreigners. This was very surprising! When I asked Chairman Bernanke if this was true, he said, “Yes.” When I asked him who got the money, he said, “Fourteen foreign Central Banks.” And when I asked to who did they give the money, he said, “I don’t know.” “I don’t know” is not good enough when you’re talking about $500 billion. That’s $1700 for every man, woman, and child in this country.

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The news about HR 1207 continues even in the mainstream media.  Online, on the blogs, it has much greater force.  The Tea Party people blew it.  They could have given the international bankers who own us, a big fat scare.  Instead, they focused on the wrong targets.  This doesn’t mean we have to give up.  We still have to continue to teach and learn.  This sometimes feels like a futile process.  Back in the 1960’s, before any big anti-Vietnam war demonstrations, we had ‘Teach-In’s’ which is where we educated each other about the war.  This process was key to getting people motivated and active.  As well as keeping our eyes on the proper places.

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Which didn’t always work.  I remember vividly when the stupid ‘Yuppies’ were launched.  This was an anti-anti-war group set up to embarrass us and to suck out all the oxygen in the movement and it worked.  The ‘Yuppies’ were idiots run by rather clever men who were malicious and had suspicious ties.  The media ran after them, interviewed them, put these literal clowns on TV and books were published and they ate up everything in their paths.  They were intensely destructive….for the sincere people who were trying to stop the CIA and the Imperial Presidency.

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The Tea Baggers were taken over by similar TV owned and CIA run clowns.  And instead of kicking them out, the demonstrators were flattered by the attention, little knowing, they were being cast as clowns and fools and would be chopped to bits by a media mega-storm.  Well, kiss them goodbye.  It is rather odd that Abbie Hoffman’s wife, Anita ended up living with me, of all people.  This is because their game fell apart and her clownish husband was suddenly turned into a monster to be destroyed.  She needed security and I gave it to her.  And frankly, it irked me no end.

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She made great souffles so I kind of got to like having her around.  May she rest in peace.

sunset borger

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23 Comments

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23 responses to “My Host Site, WordPress, Is Run By TOTAL IDIOTS…GRRRR

  1. PLovering

    The Tea Party Patriots are alive and well.

    And doing great.

    Elaine, you are beginning to sound like MSM.

    Your are on the wrong side of vaccinations, 9/11, and now Tea Parties.

    Get a grip.

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    ELAINE; They are ‘alive’ but were shifted to demonstrate against the wrong targets. If they were worried about budget overruns, they are about 35 years too late, like, these are the Ronnie Reaganauts.

  2. Shawntoh

    Elaine,

    I’m confused. Don’t you mean the ‘Yippies’?

    I thought the ‘Yuppies’ came later on during the Age of Reagan and Jerry Rubin morphed into one.

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    ELAINE: I was pissed off and in a hurry when I wrote this story. Yes, they are the ‘Yippies’.

  3. Thanks for what you do here, Elaine. Many people are feeling a sense of disillusionment with the political process. They know somehow that we are in a serious decline and that the resolution of this crisis will come with difficulty and that we cannot define recovery as returning to the system we have been living with.

  4. w3g

    Elaine, please do not diss the tea party so completely. Right now, at least they have some numbers and some name recognition, thus a better chance to being needed change than most other groups.

    What the tea party lacks is a clear vision and united voice, since without that they are currently just a mob of red necks. If only some leader would get involved (you perhaps?) to guide them, they can easily shake off their current mantle imposed by the likes of fox news, and become a counter-weight to corporate-infested government.

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    ELAINE: They do have a leader—FOX TV. That is, their leader is Murdoch! Good grief. When you have an odious leader, you don’t need a real leader. This is why most of us are aghast at what they are saying collectively. It is straight out of FOX TV.

  5. Duski

    What I read there is that Elaine did not diss the tea party itself but claimed that “they were being cast as clowns and fools and would be chopped to bits by a media mega-storm.” So the media presented them as clowns, no matter what they really were or are now.

  6. tio

    A glimpse of the future?

    http://news.bbc.co.uk/1/hi/world/asia-pacific/8259153.stm

    http://www.deletionpedia.dbatley.com/w/index.php?title=Hereshoring

    Hey Elaine, if you had access to a pet geek you could host your own site, transform a old Win98 box into the starship ‘Enterprise’ (w/Linux) for a few bucks. But then you’d have to deal with the spotty herbert which is why (I’m guessing) we had offshoring in the first place :D Now you see me …

  7. flipspiceland

    Never is a business about the customer.

    80 years of union and management collusion, Employees all, regardless of their organization, have rendered airlines, autos,
    government, and just about every company of size that you can think of, first and foremost, about the individuals who ‘work’ there.

    The boss is not the one sending in the checks. Where have you been?

  8. emsnews

    The boss is whoever is paying for the service. That is, we walk when they won’t service us. And the service goes bankrupt.

  9. CK

    “The boss is whoever is paying for the service. ” If this is so, then the insurance companies are the boss of our health, until we age enough that the government can take over the buyer’s position. Not a pleasant thought but indeed a peasant reality.
    It is unfortunate about what the teabaggers have been led to. They started with the Ron Paul presidencial campaign and scared the crap out of everyone with their two very successful money bombs, flash mobs, creativity. Moreover they did it from the bottom up. Spontaneous organization, fourth generational warfare if you will, Ron did not lead the movement and has said so everytime he has been interviewed about it.
    Things that are people powered are not loved by Murdoch or the two wings of the US bird of prey. The only options are to make them ridiculuous ( that was tried during the election), make them “scary,( Beck tried that with his complaints that Paul supporters were issuing death threats on him), co-opt them with money and infiltraitors. The tea baggers have been co-opted by the media creatures who despised Ron and still despise him ( Beck, Oreilly, Hammity ) and infiltraited by “patriots for hire” so now they want the government out of medicare, and some other moron lines. “If they can get you asking the wrong questions, they don’t have to worry about the answers.” So where was the president born, what is his secret religion, and if he was born elsewhere, what are you going to do about it? Replace him with Biden or Pelosi? The constitution does not offer mulligans.
    By the same token I am quite satisfied that the tea baggers are attacking the legitimacy of the office of the presidency, that they are doing so because they have a colour issue is beside the point, the less legitimate the office the less damage it will do in the future.

  10. emsnews

    The fact that they are openly racist matters a great deal! This is why I compared them with the KKK demonstrations in the 1920’s.

    They can’t do this. Note that Ron Paul is very vulnerable on the race issue. He never really addresses his own problems in the race issue.

    The whole problem with the tea baggers is, if they were demonstrating against the Fed last week, Congress would pass Ron Paul’s bill.

    Instead, they demonstrated against the President of the US who won a popular election, hands down. He is losing popularity due to not being radical enough. He has fixed very little and this angers us.

    NOT ONE DEMONSTRATOR was demanding these changes. They wanted tax cuts! They wanted freebies! They wanted the Ronnie Reagan status quo.

    Previous Democratic Presidents did balance the budget and were punished for this. Jimmy Carter was thrown out and a right wing Republican doubled our debts. Then a second right wing Republican doubled it again. And the third one to hop along did the same.

    Not once did any tea bag show up to complain! No, they do this ONLY when a Democrat is President. Suddenly, budget overruns are evil.

  11. CK

    Anymore, a racist is anyone winning an argument with a liberal.
    Ron manages to win the votes of the minorities in his district over and over again. Reality says Dr. Paul has no vulnerabilities nor problems to address.
    Even though Jamie Kirchik and the neocons tried their darndest to slime Dr. Paul when he started getting positive attention last year.
    The people who run the teabagging ops have no interest in seeing the Audit the Fed bill passed. Anything to distract is the mantra.
    Nobody was demonstrating yesterday but both houses could not wait to run over themselves lambasting ACORN. 345-75 in the house, 84-11 in the senate. If you truly try to be progressive in this country, do not try it in the democrat party.
    Delegitimizing the power of the presidency is a good start, the less damage future occupants of that benighted office can do the better off the citizenry will be. Most thinking people already laugh at the house and the senate, bunch of clowns no longer even trying to pretend that they believe in anything.
    Join the Lamppost Party, we promise a noose on everylampost and a politician to fit.

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    ELAINE: Ron Paul has had race problems in the past. As for minorities voting for him: you need some hard proof for that. I hope that Paul fixes this by being more outgoing for civil rights issues.

    As for ACORN: they and I had HUGE BATTLES in NYC. Huge. I hate them.

    And all the other things you state are correct, by the way.

  12. CK

    One could check Dr. Paul’s election results over his career. 96-08 The repuke party usually funds someone to run against him. This is called taking one for the boys in Austin. Then the dems sometimes run a doofus but usually just let it be.
    Again I reiterate Dr. Paul has had no problems with his minority constituents, nor with minorities in his medical life or his congressional time.
    Much like Martin, Dr. Paul is mostly interested in the content of your character not too interested in other shit.
    Someday you are going to have to decide what is a right and what is a wish funded out of someone else’s wallet.
    A right is that which you can have without costing me or anyone else a pfennig and which I can have without costing you or anyone else a pfennig.
    Life
    LIberty
    Pursuit of happiness.
    Now it is your turn, come up with rights that fit the model or explain why the model is wrong and explain why rights are things that cost others for your enjoyment.

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    ELAINE: That isn’t ‘hard proof’ any minority voted for him. I want to see poll numbers coupled with exit polls of minorities in his district.

  13. CK

    CK is having a moment here:

  14. CK

    “ELAINE: That isn’t ‘hard proof’ any minority voted for him. I want to see poll numbers coupled with exit polls of minorities in his district.” And teabaggers want to see a birthcertificate and truthers want to see thermite explanations and people in hell dearly wish for ice water.
    And people who love logic, love it only so long as it supports their prejudices.

  15. emsnews

    See? No hard proof is no proof. You see, you made a statement that was supposed to be proof only it was not.

    First, you see how many minorities are in his district. Then, how many vote. Then, how many voted Democratic (hint: usually, all of them).

    Virtually no minorities in any part of the nation vote for Republicans so if one makes this sort of statement, you need to back it up with some solid research.

  16. CK

    What hardish proof I can find about texas 14th. 25% hispanic, 10% black, 2% asian, 63% other. In the 2008 election all of them voted for Dr. Paul or did not vote. None voted for or wrote in a democrat.
    Dr. Paul takes care of his constituents. They reciprocate. That kind of shit happens in a republic. Or to apply another form of logic, the democrats cannot find among the 37% of the population in his district that is not white anyone interested in going against him. Might be that as a ObGyn he delivered most of the current voters in the district and did it in many cases gratis because he is a decent human being.

  17. CK

    The CK is having another moment:

  18. CK

    Yet another central asian moment brought to you by you friendly local solipsistic monarchist.

  19. nah

    the government is trying hard to put a ‘black face’ on every financial discrimination… I can only see so much from my high perch but what i can witness for is more in line with blogs, house prices are tanking ‘for a more realistic price as i calculate’… and energy prices are retooling for more speculation ‘already up 100% from the early 2kz’… gold ‘holding a basic value’ is very strong leading me to think with bankrupt banks it holds the upper hand over the dollar and will ‘set prices’
    .
    corruption is bad business with flavor
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    .
    never abandon the clowns IMNA C ICP THIS WEEKEND

  20. nah

    be the 2nd time ever… 2nd time ive seen hed(pe) too… take me to paradise city

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  23. Pingback: US And Japan Spiraling Down Same Depression Drain | Culture of Life News

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