Archive for August, 2008
Safe in Our Cages
August 27th, 2008Via: Guardian: In the Queen’s speech this autumn Gordon Brown’s government will announce a scheme to institute a database of every telephone call, email, and act of online usage by every resident of the UK. It will propose that this information will be gathered, stored, and “made accessible” to the security and law enforcement agencies, […]
Cheney Heading to Georgia War Zone
August 26th, 2008Organ harvesting? Via: AP: President Bush is dispatching Vice President Cheney to Georgia, setting up a high-ranking diplomatic mission to an ally reeling from a short, intense war. The White House announced Monday that Cheney will head abroad on Sept. 2 for stops in Azerbaijan, Georgia, Ukraine and Italy. The vice president’s office described Cheney’s […]
Backlog of U.S. Homes For Sale Is Worst on Record
August 26th, 2008Via: Independent: The number of unsold homes on the market in the United States is at levels not seen for at least 40 years, and prices are continuing to slide, according to a disheartening new survey. With participants throughout the financial system saying that the credit crisis cannot end until the US housing market stabilises, […]
The Real Rate of U.S. Inflation Is Now 13%
August 26th, 2008In case you don’t understand why there are so many exclamation points in the piece below, they are an essential part of the The Mogambo Guru’s style manual. Via: Contrarian Profits: When you look at what John Williams at shadowstats.com calculates as inflation, according to the time-honored method of actually looking at real prices instead […]
“There is no such thing as Euroland.”
August 26th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. These data are pointing to a stronger dollar, as f*@#$%* nuts as that might sound. Why might it not be f*@#$%* nuts? Europe has problems. But leave it to a Brit to write, “There is no such thing as Euroland.” Via: […]
Beijing Swells Dollar Reserves Through Stealth
August 26th, 2008There’s a lot of head scratching on the dollar rally (which is continuing). Via: Telegraph: China has resorted to stealth intervention in the currency markets to amass US dollars, using indirect means to hold down the yuan and ease the pain for its struggling exporters as the global slowdown engulfs the economy. A study by […]
Barack Obama Assassination Plot?
August 26th, 2008Reminds me of Jane Greenhow and her friends. The feds are already saying hinting that there’s nothing to see here. That’s almost certainly because the feds are involved—in a COINTEL capacity—with this crew. Via: Telegraph: One of the group said he was “going to shoot Obama”, who is in Denver, Colorado, for the Democratic National […]
Marijuana Grow House Found In Mall Of The Americas
August 25th, 2008Via: CFNews13: MIAMI — The Drug Enforcement Administration discovered something unexpected in the Mall of the Americas. DEA agents found a hydroponics lab with more than 200 marijuana plants, standing 3 to 6 feet tall in the air and worth millions of dollars, in a storage area on the second floor of the mall. Authorities […]
FDIC Gets Ready for Bank Failures
August 25th, 2008Via: Statesman: Hundreds could fail, some industry experts predict. That could force the agency to make good on its promise to insure most customers’ checking and savings deposits up to $100,000 and some retirement accounts up to $250,000, putting pressure on its insurance fund. Is the agency, whose combined insurance funds were technically pushed into […]
Russia Warns Moldova Against “Georgian Mistake”
August 25th, 2008Via: Reuters: Russian President Dmitry Medvedev warned ex-Soviet Moldova on Monday against repeating Georgia’s mistake of trying to use force to seize back control of a breakaway region. Russia sent peacekeepers to Moldova in the early 1990s to end a conflict between Chisinau and its breakaway Transdniestria region and is trying to mediate a deal […]
