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by Gary North
This problem faces every contrarian investor who has decided that the U.S. dollar will not reverse from the course it has been on since 1913: a 95% reduction in purchasing power.
There are a few contrarians who think that deflation is coming: both monetary deflation and price deflation. As far as I know, there are only about a dozen of them who write newsletters or run websites. For some reason, most of the deflationists seem to think that gold’s price will rise in a mass deflation. They do not warn their subscribers, “Don’t buy gold or silver!” If they did, they would have fewer subscribers.
Robert Prechter has never joined this camp. He started predicting $125 gold at least 15 years ago. He is consistent. The other deflationists are either inconsistent or silent on the gold question. Continue reading »
Okay, we’ve got the video and you can watch it here.
Warning, one comment offered was “I want those 8 minutes of my life back.” However, most people just pleaded insanity…
Don’t wait! The Defamer website is enduring legal actions to show this material. See it now!
Source: The Tom Cruise Indoctrination Video Scientologists Don’t Want You To See
This was posted by Bev Harris on Jan 16th, 2008 at 11:42am, after investigating the New Hampshire recount efforts.
We are finding in New Hampshire: the best of the best in MOST situations, but considerable naivete and in some areas, and an alarming and wilfull negligence.
Among the “best of the best” of New Hampshire situations:
(1) Beautiful, community oriented hand counted paper ballots in more than one hundred jurisdictions. Continue reading »
Tuesday, January 15, 2008
AP
Jan. 14, 2008: Standing near the area where he saw a large silent object in the sky, Ricky Sorrells talks about the sighting in Dublin, Texas.
Jan. 14, 2008: Standing near the area where he saw a large silent object in the sky, Ricky Sorrells talks about the sighting in Dublin, Texas.
Machinist Ricky Sorrells said friends made fun of him when he told them he saw a flat, metallic object hovering about 300 feet over a pasture behind his Dublin home. But he decided to come forward after reading similar accounts in the Stephenville Empire-Tribune. Continue reading »
Editor’s Note: Las Vegas residents are increasingly noticing the appearance of chemical trails overhead. They appear EVERY weekend without fail, the only exception being the two weeks after September 11, 2001. Such “chemtrails” are substantially different in appearance to the normal condensation trails left by jet airliners. The difference is that while condensation trails are composed of water vapor that dissipates rapidly, “chemtrails” linger much longer and spread out over time to eventually cover the sky with a thin haze. This week the Las Vegas Tribune begins a two-part article to examine the undeniable and mysterious phenomena of Chemtrails Over Las Vegas. Continue reading »
What the lawsuit alleges: The firms are accused of creating a public nuisance by making mortgages available to people who had “no realistic means of keeping up with their loan payments.” A dozen of the banks also collectively filed thousands of foreclosures in Cuyahoga County over the last four years.
See each bank’s foreclosure filings. (pdf)
Cleveland Mayor Frank Jackson took aim at Wall Street on Thursday with a lawsuit against 21 major investment banks that he said have enabled the subprime lending and foreclosure crisis here. Continue reading »
It was Charles Mackay, the 19th-century Scottish journalist, who observed that men go mad in herds but only come to their senses one by one.We are only at the beginning of the financial world coming to its senses after the bursting of the biggest credit bubble the world has seen. Everyone seems to acknowledge now that there will be lots of mortgage foreclosures and that house prices will fall nationally for the first time since the Great Depression. Some lenders and hedge funds have failed, while some banks have taken painful write-offs and fired executives. There’s even a growing recognition that a recession is over the horizon.
But let me assure you, you ain’t seen nothing, yet.
What’s important to understand is that, contrary to what you heard from President Bush yesterday, this isn’t just a mortgage or housing crisis. Continue reading »
NEW YORK Fortune — Guess whos helping Bank of America pay for its $4.1 billion purchase of Countrywide Financial? Answer: The taxpayers of the United States.Thats because Bank of America BAC, Fortune 500, which is solidly profitable, will be able to use some of Countrywides losses to offset its own taxable income. The tax break could total about half a billion dollars over the first five years, according to an estimate by tax guru Robert Willens, who left Lehman Brothers Friday after a 20-year run and will be in business as Robert Willens LLC starting next week. The losses could be worth considerably more to Bank of America starting in the sixth year, depending on how big Countrywides losses are when Bank of America formally acquires it. Continue reading »
2008-01-08
RIO GRANDE, Texas
Apache land owners on the Rio Grande told Homeland Security to halt the seizure of their lands for the US/Mexico border wall, during a national media conference call Monday. It was the same day that a 30-day notice from Homeland Security expired with the threat of land seizures by eminent domain to build the US/Mexico border wall.“There are two kinds of people in this world, those who build walls and those who build bridges”, said Enrique Madrid, Jumano Apache community member, land owner in Redford and archaeological steward for the Texas Historical Commission. Continue reading »
