Archive for June, 2007
Norman Mineta Confirms that Dick Cheney Ordered Stand Down on 9/11
June 27th, 2007Even though we’ve known this for years… Via: Jones Report: Former Transportation Secretary Norman Mineta answered questions from members of 9/11 Truth Seattle.org about his testimony before the 9/11 Commission report. Mineta says Vice President Cheney was “absolutely” already there when he arrived at approximately 9:25 a.m. in the PEOC (Presidential Emergency Operations Center) bunker […]
When Hedge Funds Implode
June 27th, 2007Excellent article. Terrifying, but excellent. Via: Asia Times: The US trade deficit with the rest of the world leapfrogged in recent days. Aside from goods and services, the United States is now importing “consensus-based crisis management” from Japan. Out of fear that a cleanup of bad loans would trigger widespread defaults, Japanese banks got themselves […]
JAPAN WARNS ON CARRY TRADE RISK
June 27th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Woh. New Zealand dollar holders: If you’ve got ’em, consider spending ’em. Becky and I are adding to our “investment” portfolio by acquiring gold, guns and nappies. Your results may vary, batteries not included. It doesn’t make any sense to buy […]
Gold Down Sharply
June 26th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Gold is down sharply, trading around a five month low. From a technical perspective, closes under $650 are ominous for gold bulls… Unless you’re a gold bull who’s just happy to be able to buy more at a lower price. (Like […]
Giant Microwave Turns Plastic Back to Oil
June 26th, 2007This is some interesting news. I wonder how much electricity the machine requires!? Hopefully, the Indonesians will be at the top of the list of customers… Via: New Scientist: A US company is taking plastics recycling to another level – turning them back into the oil they were made from, and gas. All that is […]
U.S. Federal Reserve Visits Cryptogon
June 26th, 2007The U.S. Federal Reserve user (host: b1fed1.federalreserve.org, ip: 12.171.160.202) conducted the following Google search: new zealand intervenes june 22nd
Bank for International Settlements: Risk of Depression
June 26th, 2007Via: The Age: THE risk of a 1930s-style economic slump has been heightened by “euphoric” markets tapping cheap global credit, one of the world’s pre-eminent financial institutions has said. In its annual report, the Bank for International Settlements noted that the conditions that led to the Great Depression of the 1930s and the Asian crises […]
Bear Stearns Wheel Comes Off the Cart: “Subprime Chernobyl,” “Systemic Risk Fall-Out,” “We Don’t Know What the Value of This Debt Is”
June 26th, 2007If I had one of those lame, flashing siren images, I’d use it here. Brace for impact. Via: Telegraph UK: The United States faces a severe credit crunch as mounting losses on risky forms of debt catch up with the banks and force them to curb lending and call in existing loans, according to a […]
Home Sales Hit Slowest Pace in Four Years
June 25th, 2007Via: Yahoo / AP: Reflecting further housing troubles, sales of existing homes fell in May to the lowest level in four years while the median home price dropped for a record 10th consecutive month. The National Association of Realtors reported Monday that sales of existing single-family homes and condominiums dropped by 0.3 percent to 5.99 […]
What’s the Story with Arnold Schwarzenegger’s Belt Buckle?
June 25th, 2007I suppose it’s all just a coincidence that Arnold Schwarzenegger selected a belt buckle to wear—on the cover of a mass circulation news magazine—that features a human skull. Sure, Arnold’s dad was a Nazi and Arnold denies that he admired Hitler and liked to pretend to be an SS officer, despite eyewitness accounts to the […]
