Maybe history will remember Bernanke as a warrior King. An economists who led a war against the lower class and Third Worlds, to better humanity. I hope that is not the case, but history is written by the victors, and Bernanke, through and by his fascist policy, is wrecking havoc on the world.
Rice prices are quadrupling, which is putting Asia on edge. Africa is having a hard time affording food too, which is why they began to rise up against the system; and it was the system that they rose up against; it was not against any single person: it was against the system. The CIA have tried to manipulate the situation, but they have had little effect. More than anything, it is economics that is doing the heavy lifting of bankrupting the world, and the poor are the first to suffer.
The poor in America suffer too. Gas is too expensive to make minimum wage for those who do, and to drive around trying to live the American dream. Food prices are high, and food stamps are not sufficient to live the dream. Maybe the dream was not a fine goal, but wealth is still disproportionate across the board, and until it is distributed more evenly, there is room to complain.
The greater good is just that; the good lies in the collective: separate we are at the whim of nature, and nature is not a force to face alone. In time, even the rich will face the destiny that we have chosen, that we haveasked for, and it will hit them as it hits everybody. If Bernanke thinks he is doing the work of a god, he is mistaken. He is endangering everyone, including himself.
Tuesday, July 5, 2011
Today's Route (6-5-11)
Signs point to a coming surge in the prices of precious metals and oil. Today showed that there is still a lot of strength in the trade. The dollar has stayed flat, undoubtedly because the Euro is weak, too. The long trend of Fiat currencie washing itself out in terms of gold will continue, leaving the world of finance at the whim of the real monie and collateral: gold.
Oil ans silver gained big today because of supply constraints. The SPR release only calmed markets for a moment, and silver demand has been crushing supply on the physical market. Industry will have to come to terms with the fact that many people are buying silver bullion to hedge against inflation, which is near if not at 10%.
Finance is spinning its wheels. The recent news that banks will forgive upwards of half of mortgage obligations may help bank balance sheets, but it will take massive reserves off of the books as well. This is hugely deflationary, and will provide cover for the coming QE Light program that POMO has devised until QE 3 is ushered in by Bernanke sometime around the Jackson Hole conference.
My summer trend is still in line. Look for gold, silver, platinum, and oil to trade in their respected ranges for another month. We will look closely to find if the range is being spread or tightened; as of now it is in line between support and resistance.
Oil ans silver gained big today because of supply constraints. The SPR release only calmed markets for a moment, and silver demand has been crushing supply on the physical market. Industry will have to come to terms with the fact that many people are buying silver bullion to hedge against inflation, which is near if not at 10%.
Finance is spinning its wheels. The recent news that banks will forgive upwards of half of mortgage obligations may help bank balance sheets, but it will take massive reserves off of the books as well. This is hugely deflationary, and will provide cover for the coming QE Light program that POMO has devised until QE 3 is ushered in by Bernanke sometime around the Jackson Hole conference.
My summer trend is still in line. Look for gold, silver, platinum, and oil to trade in their respected ranges for another month. We will look closely to find if the range is being spread or tightened; as of now it is in line between support and resistance.
Sunday, July 3, 2011
The War on Peak Oil
Barrack Obama declared war on peak oil when he released the US' strategic petroleum reserves. He showed that the cards dictated he move his chips all in to bluff the market, or he verbally surrenders political policy that there is a coming oil crisis that can not be mitigated. He chose the former, and if there is a market that can not be bluffed, it is that of oil.
The US release was not equal to half a day's consumption considering world demand. The total release, 60 million barrels, was still short of one day's consumption. This did little to mitigate the supply problem that concerns the oil market in terms of rising demand.
Now that the US is using its reserves it has left open the possibility that a world supply crunch will leave America vulnerable. There will be no mitigating the market if the Middle East decides to not import (as much) oil to the US. The US has left its fate up to the whim of the oil producing nations. This may be a fatal mistake for the Empire that almost was.
As soon as the US won the cold war, the country over shot and spent its excess wealth destabilizing emerging countries. Now these countries and the population of the world, is sick of US foreign policy. The dollar is seen as a way to destabilize the fascist US. Unfortunately for the former Republic, the people of America will lose out, while the corporations hold sway. A rising oil price will generate more revenue for big oil. Because America has been taught that Nationalizing corporations is socialist, they fail to see the upside. The hands of big oil will stay firm on the production of the lifeblood of the economy.
More would need to be done than just to nationalize oil production, because the oilgarchs could find a way to benefit. More than anything people need to express themselves and become involved in finance. People need to take a more hands on approach. Due to oil needing to be weighted by precious metal, all that people need to due is invest in this asset class. This asset class controls all of finance, because it is gold that works to balance out Central Bank loans, and it is silver that is as industrial as oil. Since oil and silver trade one to one, an investment in silver is an investment in oil . Since oil trades inversely with the dollar, an investment in silver is an investment away from the fascist fiat ponzi system. This is how the war can be won: Buy silver.
The US release was not equal to half a day's consumption considering world demand. The total release, 60 million barrels, was still short of one day's consumption. This did little to mitigate the supply problem that concerns the oil market in terms of rising demand.
Now that the US is using its reserves it has left open the possibility that a world supply crunch will leave America vulnerable. There will be no mitigating the market if the Middle East decides to not import (as much) oil to the US. The US has left its fate up to the whim of the oil producing nations. This may be a fatal mistake for the Empire that almost was.
As soon as the US won the cold war, the country over shot and spent its excess wealth destabilizing emerging countries. Now these countries and the population of the world, is sick of US foreign policy. The dollar is seen as a way to destabilize the fascist US. Unfortunately for the former Republic, the people of America will lose out, while the corporations hold sway. A rising oil price will generate more revenue for big oil. Because America has been taught that Nationalizing corporations is socialist, they fail to see the upside. The hands of big oil will stay firm on the production of the lifeblood of the economy.
More would need to be done than just to nationalize oil production, because the oilgarchs could find a way to benefit. More than anything people need to express themselves and become involved in finance. People need to take a more hands on approach. Due to oil needing to be weighted by precious metal, all that people need to due is invest in this asset class. This asset class controls all of finance, because it is gold that works to balance out Central Bank loans, and it is silver that is as industrial as oil. Since oil and silver trade one to one, an investment in silver is an investment in oil . Since oil trades inversely with the dollar, an investment in silver is an investment away from the fascist fiat ponzi system. This is how the war can be won: Buy silver.
Subscribe to:
Posts (Atom)