Click here for Martin Armstrong’s latest release entitled Sovereign Debt Crisis: When? dated January 30, 2012 (3 pages). He has a chart of the Economic Confidence Model on page 2. Mr. Armstrong still sees 2015 as the key year for thing to get really dicey.
Click here for Martin Armstrong’s latest release entitled Global Real Estate: Follow-up dated January 31, 2012 (4 pages).
Click here for Bill Moyers’ third of five series on Big Banks and the Financial Collapse entitled How Big Banks Are Rewriting The Rules Of Our Economy. Another great investigative report from Mr. Moyers and his team. The interview with John Reed, former Citigroup Chairman of the Board, is worth watching alone. If you remember, the Citigroup merger was the reason for the dismissing of Glass-Steagall.
The true irony here is the Mr. Reed’s father lost his entire savings in the bank failures of the 30′s and he said that his father would die again if he knew he was working for a bank. No, I think his father is turning over in his grave because the deal his son was involved in negating all safeguards to protect saving accounts, and now, 401ks and IRAs as well. Oh, the irony! Mr. Reed says “We got carried away.” No one will take any responsibility for anything. It’s the American way.
The best part of the show was at the end, when Bill responds to an email from a viewer regarding last week’s show. Groovygirl has a renewed hope in America news reporting. Mr. Moyers responded that his job is to report what has/is happened, not modify his story to get a party elected or not elected. It seems Mr. Moyers has grasped the reality of the situation, we are way beyond political parties saving the day.
Groovygirl loves Bill Moyers!!
Click here for an update on the MF Global crime scene. Macavity…..he’s not there.
Missing funds, now not missing, but vaporized. Could be more than $1.2 billion. Surprised?
Because money simply vaporizes. Which means one of two things: i) the “vaporization” is merely the phrase that so called investigators use to avoid the far more troubling sounding “stolen” as it would imply guilt, something which the former NJ governor and Goldman CEO (and not to mention JP Morgan which most likely was on the receiving end of the $1.2 billion + transaction) will, under guidance from counsel, sternly disagree with, or ii) the capital markets are such an unprecedented and manipulated fraud, that nobody has any clue at any moment, where any client money is, and that any residual capital still “invested” in mythical representations of “assets”, which are likely rehypothecated so many times, that not even Bank of America’s robosigning division would have a clue where to start unraveling, will promptly be converted into tangible manifestations of capital. So when someone asks what happened to stock market volume, and to investor confidence in the “stock market” feel free to use just that phrase: “it vaporized.”
Click here for Martin Armstrong’s latest release entitled Technical Analysis is Sometimes Just Fraud dated January 27, 2012 (32 pages).
Click here for Martin Armstrong’s latest entitled Biggest Profit Margins in History dated January 28, 2012 (2 pages).
Although, Mr. Ben says there is no inflation and is keeping rates near zero until 2014, groovygirl begs to differ.
GG has been doing some financial dissecting of her bills the last 3 years. Some conclusions of her personal experiences:
- Food is up 30%
- Utilities (including water) are up 15%
- Out of pocket health expenses (co-pays and Rx) are up 43%
Upon further dissecting, even if the cost of unit of utility was the same or only slightly higher on average, the fees and taxes went up. Groovygirl has mentioned this before. Even if we should have a sudden deflation in all energy commodities (but gg thinks not), US infrastructure major maintenance costs and federal, state, and local demand for fees and taxes will make living expenses go up.
Mr. Bernanke may not call that inflation, but groovygirl does. Especially when you are making .01% interest on cash in the bank.
Click here for a very interesting post by Burning Platform.
Burning talks about Neil Howe’s work on generational theory, mass propaganda and perception. It is a long post, but very interesting.
Neil Howe is an expert on interpreting how generations react to events. I expected him to be impressed by the courage and fortitude of the Millenials leading this protest against Wall Street gluttony and audacious criminality. This is the new GI Generation and I anticipated him perceiving these protests as a prelude to greater feats ahead by this generation. Instead he described them as naive adolescents being led down a phony path by anarchist Boomers. As an example he referenced the fact that many of the protestors were wearing Guy Fawkes masks, the most famous anarchist in history. He found this distasteful and dangerous. My interpretation of the Guy Fawkes masks was more in line with the movie V For Vendetta and the theme of a corrupt evil government keeping the public living in perpetual fear.
Neil Howe’s impression of the movie centered on the terroristic aspects of blowing up Parliament, not on the symbolism of citizens rising up and casting off the yoke of a malevolent oligarchy that has used propaganda, fear and intimidation to manipulate and control the population. Howe is a Baby Boomer and I’m Generation X. We are each viewing the Occupy Movement through the prism of our life experiences and perceptions about the intentions of these protestors. The existing social, economic, and political structure is dominated by Boomers. Neil Howe views the Occupy Movement as a threat to the system he believes in and supports. As a cynical Xer with no allegiance to a corrupt government, a crony capitalist economic system or a greedy self centered society, I see these young revolutionaries as our last great hope.
Lots of true stats and proof of the propaganda in Burning’s link. Excellent read!
Side musing: groovygirl found it odd that a sociologist and studier of history like Mr. Howe was so bias.
On another side note, gg finds it very interesting that Ron Paul is invisible again. Even after taking the majority of the independent vote and the under-30 vote in NH. This demographic represents the swing voter and will be the major influence in this election. Will split the vote or not vote at all if Paul is not on a ticket? I don’t think we have seen the real impact yet of Dr. Paul’s ideals, since the focus is on the Republican vote only at the moment.