|
|
TRAGIC EVENTS OF 9/11/2001
I am reminded of the tragic events of 09/11/2001. At that time I was still installing interior landscapes with Silkscapes, Inc (see the About Page). In fact I was in the World Trade Center Lobby the day before checking on some displays we were installing over the 41 revolving doors located in Towers 1&2. As a matter of fact I just picked up a signed, very lucrative contract with a building on Maiden Lane to install 17 giant artificial Ficus Trees in their lobby. As you might have guessed that contract became toilet paper as the National Guard took up residence in that lobby after the events of the next day. When the events of 9/11 unfolded the next day and almost 3,000 innocent people lost their lives, I am still confused about who was really responsible for this unspeakable tragedy. As we all know the events at the World Trade Center, The Pentagon and the Crash of a Passenger Jet in a Pennsylvania Field were all related, so any discrepency in any of the events means ALL event details are put into question.
Today I was reading an article by Jim Willie of the GoldenJackass.com discussing the gold price and the events that have caused it to CLOSE for the first time over the $1,000 level. He made a quick aside to his article as he soo must have been thinking about 9/11 on this the 8th anniversary. I would like to share this paragraph with you.
The last command for Major General Albert Stubblebine was head of all Army Strategic Intelligence worldwide. Note his comments about the ridiculous story of an commercial aircraft hitting the Pentagon, a story he mocks openly. Stubblebine disputes by simply pointing out that the 5000-lb engines would have left a very very big mark on the Pentagon building facades, something that remarkably receives little discussion. No such aircraft impact happened, since a missile hit the Pentagon. Just try to imagine a jetplane that evaporated and incinerated without any debris, an utterly absurd tale. Imagine an advanced metal alloy fuselage incinerated and vaporized, even hundreds of seats turned to dust while strewn. Let’s all hail the first airline crash in modern history without any debris! It is a miracle! The retired Stubblebine should be careful, but he must know the risks. This entire story is an insult to our intelligence. See the YouTube video clip (CLICK HERE). The tale told for the World Trade Center exploits the ignorance of Americans, who largely failed physics and chemistry in high school. See gravity (11 seconds for demolition freefall, not a pancake staged collapse). See chemistry (jet fuel burns 2000 degrees too low to melt structural steel). Next resort to Aesop Fables (third WTC building fell after saddened by the collapse of its two big brothers).
This indeed is a very dark chapter in the history of this nation and it is my hope that one day the truth will be told and the parties responsible are brought to justice.
My prayers also go out to the 343 Brave Firefighters who lost their lives.
Now is the time to talk about us, the average middle class citizen. We have been bullshitted into thinking we were all wealthy, hell we own big houses that kept on appreciating, whenever our credit card balances got too high or our auto payments on our two or three cars got too restricting all we had to do was go to our lender and refinance-there all fixed. The real problems started to develop when the housing bubble burst and our ATMs in our homes were shut down! The biggest problem US citizens have to face is DEBT. This should be priority number one
In order to survive the continued economic crisis you must do whatever you can to eliminate your DEBT. You cannot continue doing what you have done in the past, As Einstein once said: INSANITY is doing the same things over and over and expecting different results. It is time to learn new solutions to our problems. Nothing is easy and most people abhor change but change we must. The first thing to do is look at the way the BANKS are treating us. We must use every tool available to us to do battle with the BANKSTERS.
One of the best tools I have found is the PAY IT OFF SYSTEM, it is a very powerful system for paying off your mortgage and debts in the shortest time possible paying a minimal amount of interest. It is also the lowest priced program on the market today. (Forget about U1st!!!)
GO TO: www.teampayitoff.com
Here are a few tidbits on investing:
Although Gold could explode at any time now, stay with our plan of buying into weakness in either stock or bullion until Gold breaks out above $1050. At that time, load up on the balance of the positions you intended on taking. REMEMBER back in 2005 – my long term target for Gold was $6250. So far, only Alf Field has come anywhere close with his $6000 projection and then for some reason he stopped publishing. I guess he wanted to retire a big winner. Come back Alf, the world need good people especially NOW.
ONE OTHER POINT: Gold most often goes in the opposite direction as does the general markets and yet, while the markets have been rallying strongly over the last 5 months, Gold has held its own. That could be foretelling that both the timing and extent of the explosion will coincide with the BIGGEST BULL MARKET TRAP in history, due at any time over the next few weeks. The longer this stock market extends, the sharper will be the crash.
I hope I didn’t scare you with the bleak economic reality, please do not listen to the mainstream talking heads saying we are almost out of the recession!! How could that be possible as the government has not done one thing to fix the problem. You cannot spend your way to prosperity!!!
Thanks for listening.
Wayne Isaksen
Taleb: You Fools Don’t Understand That We’re Doomed
Print
The Black Swan graced CNBC with His presence this morning. In sum:
- We’re all in denial
- We’re replacing private debt with public debt.
- We’re not dealing with the cancer in our banking system.
- We’re not making the structural changes we need to make.
- We’re not being aggressive enough about restructuring debt (debt for equity swaps).
- Bernanke is a wimpy Greenspan sycophant
- Obama’s rewarding the fools who got us here (Summers, Bernanke, Geithner)
- The banksters are taking over again
He’s pretty much right, by the way.
WAYNE
Just a little backround to this story;
Being an Ex Licensed Loan Officer in the state of North Carolina, I am an ex because I was disgusted with the lending practices of a few years ago. Not only did we give too much money to McDonalds counter people to buy too big a house with no money down but, the frequency of refinancing accelerated to breakneck speeds. The results were banks and lending institutions selling off your mortgages to be bundled into what has now proved to be toxic derivatives, CDOs, ect. I believe these toxic derivitaves now supposedly valued at one quadrillion dollars (what the heck is that number!!!) will be the destruction of our financial system. Back to the original problem, as the mortgages were being moved from bank to bank, didn’t it seem like every other month you had a new bank or lender handling your mortgage account? Well what needed to go along with the Mortgage was the Promissory Note, that little (but important) agreement you signed that became the legal agreement between you and the lender and established the terms of the loan. Really if the current lending institution cannot PRODUCE THE NOTE, legally they cannot FORECLOSE on the home.
That is the basis of the following article:
Money moves electronically, but papers move at human speed. People make mistakes when rushed. A name might not appear in a notary public’s acknowledgement, the place where the notary public identifies whose signature is being verified. In Massachusetts, such a document may not be enforced against parties not signing the document.
The recent case of Agin v MERS (In re Giroux) 2009 WL 1458173 (Bkrtcy.D.Mass. May 21, 2009) made this point quite clear, when it ruled that a mortgage was not enforceable against a Chapter 7 trustee if the borrower’s name was left blank in the acknowledgment. The trustee took over the mortgage under operation of bankruptcy law, and the mortgagee was left with an unsecured claim no different from that of a credit card issuer.
This decision was based on Massachusetts statutes, and it noted that other states’ laws might lead to a different ruling. However, there may well be other statutes in your own state which give rise to rights not available in Massachusetts. Look hard, and then look again.
If you are in danger of Foreclosure, make sure you ask the lending institution to Produce the Note. If you are working with a Lawyer let him know about this.
Better yet, I have found a great new system to pay off your mortgage and debt in record time! No, its not United First Financial and their $3500 program, its a new company that has even more powerful software and support and the best part it is two thousand dollars less! Best deal out there, take a look at: www.teampayitoff.info
Wayne
Heres a post by the great Jim Sinclair about the path of the US Dollar and Gold. Better buy your gold bullion coins or uncirculated coins now before you cannot afford them.
1. Pay no attention to the reasons given for gold’s strength. The primary reason for gold’s action is in the US dollar.
2. The idea that the dollar is a safe haven investment is SPIN on a whole new level. Buying interest free non-guaranteed debt of a nation, as is the case with the US dollar that is strangled by growing debt, will provide little safe haven.
3. The US dollar has .7285 as a magnet pulling it down. I rate that influence stronger than the .7600 support level.
4. Gold is going $1224 on its way to $1650.
5. The gold banks will fight it all the way.
6. The gold banks cannot fight the dollar because even they are too small for that market.
7. In the 70s the tide was turned for gold first by France and then by the Saudis.
8. The tide in gold this time will be turned by China, not only with gold bullion itself, but through their impact on the US dollar.
9. The US dollar was bulled during the China/USA financial management meeting.
10. That bulling was transitory as no single entity is powerful enough to offset the directional desire of the dollar. Goldman’s cancellation of their bull recommendation on the dollar only impacted the longs that ran plus new shorts for one US session.
12. The Chinese are irate about the China bashing from US sources that seems to never stop. Today it was 3 people with the plague. Any negative news dealing with China gets immediate F-TV headlines in the US and is heard in China immediately.
13. The idea that China is captive of the US dollar is ignorant nonsense.
14. The drop in the US dollar is due to an overabundance of debt causing less international buyers.
15. Debt in the US has only one way to go and that is ballistic.
16. The Chinese will offload dollars in a myriad of ways.
17. It will be the decline in the dollar, this time to .7200 and in the winter lower that will bull gold to $1224 and then $1650.
18. This time China via the dollar will replace the early 70s French and the late 70s Saudis that helped gold then reach it high levels.
In conclusion, the gold banks will have as little luck as they did in the 70s bullying the gold market down. They will fail MISEARABLY just as they did then.
This post is the polar opposite of the dribble the Media is feeding us
Hunky Dory
By James Howard Kunstler
on August 3, 2009 7:36 AM
Whenever the herd mentality lines up along a compass point leading to “permanent prosperity,” or a yellow brick road lined with green shoots, or something like that, I tend to see the edge of a cliff up ahead. We are now completely in the grips of the deadly diminishing returns of information technology. The more information comes to us about How Things Are, especially from TV, the more confused or wrong the conventional view gets it.
A broad consensus has formed in the news media and among government mouthpieces and even some “bearish” investors on the street that “the worst is behind us” in this tortured economy. This view is completely crazy. It will only lead to massive disappointment a few weeks or months from now, and that disappointment might easily transmute to political trouble. One even might call the situation tragic, except a closer look at the sordid spectacle of what American culture has become — a non-stop circus of the seven deadly sins — suggests that we deserve to be punished by history.
The reason behind this mass delusion is not hard to find: it’s based on wishing, especially the wish to retain all the comforts, conveniences, luxuries, and leisure that had become normal in American life. These are now ebbing away in big gobs for most of the population — while a tiny fraction of the well-connected pile on ever larger heaps of swag, enjoying ever more privilege. Those in the broad bottom 95 percent were content as long as there was a chance that they, too, could become members of the top 5 percent — by dint of car-dealing, or house-building, or mortgage-selling, or some other venture enabled by easy credit and a smile. Those days and those ways are now gone. The bottom 95 percent are now left with de-laminating houses they can’t make payments on, no prospects for gainful work, re-po men hiding in the bushes to snatch the PT Cruiser, cut-off cable service, Kraft mac-and-cheese (if they’re lucky), and Larry Summers telling them their troubles are over. (If I were Larry, I’d start thinking about a move to some place like the Canary Islands.)
Too many disastrous things are lined up in the months ahead to insure that we’re entering a new phase of history: The Long Emergency.
Government at every level is worse than broke.
Our currency, the US dollar, is hemmorrhaging legitimacy.
Inability to service old debt at all levels or incur new debt.
Bad (toxic) debt lurking off balance sheets everywhere.
The housing bubble fiasco is far from over.
Unemployment rising implaccably.
So-called “consumers” unable to consume consumables.
Crucial energy import supply lines fragile.
Food supply subject to energy problems and climate abnormalities.
A world full of other societies who would enjoy watching us fail and suffer.
When The Long Emergency was published in 2005, I said then that the greatest danger this society faced would be its inclination to gear up a campaign to sustain the unsustainable at all costs — rather than face the need to make new arrangements for daily life. That appears to be exactly what has happened, and it didn’t happen under the rule of some backward-facing, right-wing, Jesus-haunted crypto-fascist, but rather a “progressive” party led by a dynamically affable young man unburdened by deep cultural allegiance to Wall Street. Barack Obama has been sucked in and suckered. “Change you can believe in” has morphed into “a status quo you will bend heaven and earth to hold onto.”
Whatever else you might think or feel about Mr. Obama’s performance so far, this strategy on the broader question of where we go as a nation pulses with tragedy. What’s remarkable to me, to go a step further, is the absence of comprehensive vision — not just in the president, but in all the supposedly able and intelligent people around him, and even those leaders not in government but in business and education and science and the professions.
History is clearly presenting us with a new set of mandates: get local, get finer, downscale, and get going on it right away. Prepare for it now or nature will whack you upside the head with it not too long from now. Attempting to maintain anything on the gigantic scale will turn out to be a losing proposition, whether it is military control of people in Central Asia, or colossal bureaucracies run in the USA, or huge factory farms, or national chain store retail, or hypertrophied state universities, or global energy supply networks.
These imperatives are so outside-the-box of ordinary experience right now, that to drag them into the arena of politics can only evoke blank stares or nervous giggling. But whether we like it or not, these are the things that will really matter in the years ahead — not whether General Motors can ever make a profit again, or what Target Store’s sales figures are next quarter, or whether the latest high-rise condo-and-gambling complex in Las Vegas will be successfully marketed.
Here, in the dog days of summer, it seems to me that the situation in the USA is so fundamentally bad, so unpromising, so booby-trapped for failure, that I wonder if there has ever been a society so badly deluded as ours. We’re prisoners of our wishes, living in a strange dream-time, oblivious to the forces gathering at the margins of our vision, lost in a wilderness of our own making.
Anything can happen now. I certainly wouldn’t rule out international mischief as we arc around into fall. The air is so full of black swans that the white swan now seems like the exceptional thing. Whatever else happens, it sure will be interesting to see the public’s reaction to Wall Street’s announcement of Christmas bonuses. The folks at Rockefeller Center better be thinking about getting a fireproof tree.
____________________
|
Some Very Helpful Companies:
|
