Yep, that’s right. Bush’s spending spree and now Canada is on par. I have some serious questions to ask Canada and a revolve around 1995 and a letter the CCCP sent me unsolicited and some even stranger phone call from Canada to my younger brother from someone calling himself. I forgot what? Same name as this Premier? yep.

like to meet jennifer lopez life and file her body with my hand.
thanks and God bless
roland

like to meet jennifer lopez life and file her body with my hand.
thanks and God bless
roland

So, the Fed cut interest rates on Wednesday. Following the announcement, the US dollar sank to a record low against the Euro while the futures market saw gold rocket to a 27-year high.

On the same day, Treasury Secretary Henry Paulson told Congress that the government will hit its debt ceiling on Oct. 1. He urges that we raise the current $8.965 trillion limit; the 5th hike since 2001. In case you aren’t aware, your individual obligation to that total now stands at $29,739.

And if that wasn’t enough, the government-controlled stock exchange in Dubai is making news as I write. They’re announcing a plan to purchase a 20 to 30 percent stake in Nasdaq. It will make the Middle East business center, soon to be home of Halliburton, the largest single investor.

Someone may need to help me. – Isn’t a falling dollar, inflation, rising national debt, an uncorrected housing bubble, and foreign ownership of our stock exchange supposed to be a bad thing? If so, why is Wall Street so damn happy?

jk

The Borse Dubai business is not such a bad thing in my opinion. Voting power in Nasdaq is capped at 5%, and Nasdaq is named as a “strategic shareholder” in the deal. An emergence of a Middle East financial center is probably a good thing anyway.

The current rally on Wall Street is indeed interesting, considering the facts you have cited. I was looking at the VIX index for the year and it plummeted on Tuesday. That huge drop in ‘investor fear’ has got to be a major factor driving the present rally, maybe investors are feeling a massive adrenalin rush that comes with their brush with an ‘Unch” decision by the Fed. What’s interesting is that the VIX is still relatively high for the year.

On a better note, the price of oil spiked to over $80 a barrel on the rethoric being spewed forth by the Iranian president and the American president. Both entities that stand to gain huge amounts of wealth due to the increase in price.

HMMM!?!?!
Could it be that all the rethoric is merely designed to inflate oil prices? Are we being played like the proverbial harp by those who control much of the media and industry and stand to increase their wealth exponentially in the event of a global conflict?

Where’s Cap Piggy and Dr. Ralph. Aren’t they the ones touting the economy?
I can’t wait to hear their explanation of WHY all this is a good thing.
I have to admit, this is the most hardcore administration I’ve EVER heard of in the United States of America. Their BLATANT actions are beginning to look a bit insane. Not only hypocritical, but literally insane. How is it we can fight a global war on terror, when the terrorists are going to own 25% of Nasdaq?
I wonder why all that news has been on the ‘back’ of the papers.
Keep drinking the kool-aid you Bush enablers. Things are falling right into place. These clowns will be out of office and dead soon, but their families will be able to be the most apathetic and stupid of all thanks to the great wealth gathered during the ‘war on terror’.

I think the operative word should be CRIMINAL, not insane.

I take no great pleasure in hearing the interviews being given by Alan Greenspan, he’s basically agreeing with almost all the things I’ve said in the past. No pleasure because unfortunately it confirms the rest of my visions and puts us straight into a global war. At least he is honest enough to say the truth… that one of the main drivers, if not THE MAIN DRIVER, for the invasion of Iraq was oil and the securing of that oil supply for the US. It only makes it obvious that Russia and China must come to the aid of Iran in order to do exactly the same. In the understanding that cooler heads do not exist in any numbers in this political environment, cooler heads will not prevail and the warnings of French Foreign Mininster Bernard Kurchner should be taken seriously and we MUST prepare ourselves for World War. No amount of apathy or deferrence of duty will prevent it, no wishful thinking will delay it, only action and a clear message to the wealthy that they will be the first casualties in a world war might be the only disarmer of armageddon. That and impeachment of this criminal administration that has trampled on the constitution and sh*t on the oath they took to the american people and it’s founding documents.

Mr Olay has the right ideas. Simply put, the value of one currency to another isn’t as important as sensationalists would have you believe. If it were, then why is a country like japan whose currency is 1/100 of our own, doing just dandy? Granted, fluctuations are bothersome because they change the profitability of trade(china has less edge over local manufacturers as the yuan : dollar changes and they are getting grumpy for instance).

The real worry should be the emphasis on the kind of banking practices we employ. Since the federal reserve started in 1916, we have been pulling money out of thin air as loans are made, and as long as more and more debt is created, that method is sustainable, but the time lag between money created from debt and its repayment is all time the banks have to utilize that money, so to maintain that method, more and more money needs to be loaned so more and more money can be created for that small window.

As a small example of how serious this is, guess how much of the US fiat currency is created by the US government. If you said 5% then you were right.

If you want to learn more about all this, search for “money as debt” or “money creation” or just anything to do with the federal reserve.

“It only makes it obvious that Russia and China must come to the aid of Iran in order to do exactly the same.”

Jed – Please elaborate

Bloody: I believe Jed is referring to the oil deals Russia and China have with Iran. They’re not going to be too happy with an interruption in their supply…..

Oh, forgot about those. This chess game is a lot bigger than those deals. I don’t think those are that significant in the grander scheme. I think Russia would be willing to cut its losses, maybe if the EU was a bit more open to Gazprom in Europe. China is a different story. I agree that they have more to lose, but they hold plenty of chips, think they’d be prepared to deal, if we laid of the Yuan and maybe didn’t cur interest rates any further, maybe even ratchetted back up.

OLay: You’re awful optimistic. I sure wish the president would ask more of his country to support his adventures. We’ve borrowed to the hilt. Going to have to raise the debt ceiling, again. Whatever happened to war bonds? Or, is that what the stock market actually is???

interesting way to look at it…except you get a better return on your investment

of course, you always get the best estimate when you look at issues with rose colored glasses. see, no one would have supported the war if you had told them it would take 500k troops, a decade and trillions of dollars to ‘liberate’ iraqi’s from their patrimony. THis way, it is ‘incidental spending’ that ‘could not have been foreseen’. See, it’s always better to ignore reality and only look at thinks from the optimist side that supports your assumptions.