Daily Digest

Daily Digest - September 13

Sunday, September 13, 2009, 10:47 AM
  • Gerald Celente’s Latest Thoughts…
  • Ticker Guy on Dennis Kneale and Geithner
  • Federal Deficit Hits $1.38T Through August
  • 40 Year Real Change in Income Limits (2008 dollars, Chart)
  • Eviction Patrol Overloaded with Flood of Foreclosures
  • Banksters to Main Street: "I.B.G."
  • Protectionism: U.S. to Impose Tariff on Tires From China
  • Up To 2 Million March to US Capitol to Protest Against Obama's Spending in 'Tea-Party' Demonstration

Economy

Gerald Celente’s Latest Thoughts…

Good videos on page

Ticker Guy on Dennis Kneale and Geithner

Federal Deficit Hits $1.38T through August

The Obama administration last month trimmed its forecast for this year's deficit to $1.58 trillion, from an earlier $1.84 trillion. The recovery of the banking system led to the reduced estimate as it meant the administration did not need to get an additional $250 billion in bailout support for banks.

40 Year Real Change in Income Limits (2008 dollars, Chart)

Eviction Patrol Overloaded with Flood of Foreclosures

It's home to Disneyland — "the happiest place on earth" — but deputies enforcing home evictions in Anaheim find mold, backed-up plumbing, marijuana crops, abandoned grandparents and the occasional suicide.

Peter Schiff (H/T iDoctor)

Banksters to Main Street: "I.B.G."

Both Bloomberg and NYT are running articles about the dim chances of financial reform, such as procedures for closing "too big to fail" institutions. "Bailout first, reform later" is exactly analogous to the queen crying "verdict first, trial later" in Alice in Wonderland. Or "let horse escape, then close barn door," if you will. Beyond the dysfunctional political system on display, the issue lurks of a larger-scale replay. From the Times article:

Protectionism: U.S. to Impose Tariff on Tires From China

In one of his first major decisions on trade policy, President Obama opted Friday to impose a tariff on tires from China, a move that fulfills his campaign promise to "crack down" on imports that unfairly undermine American workers but risks angering the nation's second-largest trading partner.

The decision is intended to bolster the ailing U.S. tire industry, in which more than 5,000 jobs have been lost over the past five years as the volume of Chinese tires in the market has tripled.

Up To 2 Million March to US Capitol to Protest Against Obama's Spending In 'Tea-Party' Demonstration

Tens of thousands of people converged on Capitol Hill on Saturday to protest against government spending 

35 Comments

gregroberts's picture
gregroberts
Status: Diamond Member (Offline)
Joined: Oct 6 2008
Posts: 1024
Re: Daily Digest - September 13

I wonder if the 9/12 protesters in Washington DC left a mess like the Obama supporters did on his inauguration day?

Gadfly's picture
Gadfly
Status: Silver Member (Offline)
Joined: Dec 6 2008
Posts: 127
Re: Daily Digest - September 13

According to the Obama sychopants at MSNBC, there was only 50,000 protesters...yeah, right.  Seems to me that the Tea Parties are killing Chris Matthew's Obama leg thrill/tingle.  Of course, these are the same guys that refuse to report such things as the  murder of James Pouillon.  You know that Olbermann is totally gleeful over that heinous act.

Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Re: Daily Digest - September 13

I found that article on Drudge. Imagine that. Having said that I am appauled to see such coverage in the UK and very little in the US media.

I wish the media would go away and let the bloggers take over. To me, this is a very important issue because it leads me to understand what the near future trend will be.

Hoover had taxes at 63%, FDR bumped them to 79% and then to 94%. He also tried to get 100% income tax on individuals making more than 25k a year (a lot then). Right now we work from Jan-Sep and it all goes to Uncle Sam. I think next year will be worse.

CB's picture
CB
Status: Gold Member (Offline)
Joined: Mar 18 2008
Posts: 365
Re: Daily Digest - September 13

I believe there were a couple more bank failures anounced Friday. Here you can see the effect of "green shoots" in Arizona:

Quote:

U.S

Ariz. refinancing state property to balance budget

By PAUL DAVENPORT Associated Press Writer

Sep 13th, 2009 | PHOENIX -- Faced with a state budget crisis that won't quit, Arizona lawmakers are offering to sell legislative buildings, prisons and other facilities that the state would then lease back, effectively taking out a mortgage on paid-for state property.

The plan signed by Gov. Jan Brewer two months into the new fiscal year as part of a budget package will put a combination of prisons and other facilities up for sale to raise $735 million. Included in the list are the executive office tower housing the governor's office and the state police headquarters.

The $8.7 billion spending plan closed most of a $3.2 billion revenue shortfall with a combination of spending cuts, borrowing, use of federal stimulus money and a variety of budget-balancing maneuvers.

The state would continue to use the facilities and get ownership of them back after up to 20 years of paying lease payments.

A separate budget-balancing provision would sell one or more state prisons outright to raise $100 million.

California lawmakers also approved state asset sales in July, authorizing the sale of 17 state office buildings to raise cash and renting the space back from the new landlord. The Orange County Fairgrounds also will go on the market. The sale could raise hundreds of millions of dollars, according to the state.

Todd Haggerty, a National Conference of State Legislatures analyst, said it's not surprising that Arizona would resort to the lease-purchase sales.

Arizona's budget morass is among the worst in the nation, with revenue dropping nearly 30 percent between the 2007-2008 budget year and this year.

"A lot of states are looking at three, four or even five years (of shortfalls)," Haggerty said. "Anything and everything is on the table."

The refinancing breaks new ground for the state and an implementation plan is still being developed, said Alan Ecker, a Department of Administration spokesman.

Other properties listed as candidates for sale-leaseback deals include 10 prison complexes, the House and Senate buildings, a new archives building, the state mental hospital, a veterans care home and even the gem of the state parks system, a cave known as the Kartchner Caverns.

..........more..........

And there was also this hopeful note;

Quote:

U.S

Risk-taking is back for banks 1 year after crisis

By STEVENSON JACOBS Associated Press Writer

Sep 13th, 2009 | NEW YORK -- A year after the financial system nearly collapsed, the nation's biggest banks are bigger and regaining their appetite for risk.

Goldman Sachs, JPMorgan Chase and others -- which have received tens of billions of dollars in federal aid -- are once more betting big on bonds, commodities and exotic financial products, trading that nearly stopped during the financial crisis.

That Wall Street is making money again in essentially the same ways that thrust the banking system into chaos last fall is reason for concern on several levels, financial analysts and government officials say.

-- There have been no significant changes to the federal rules governing their behavior. Proposals that have been made to better monitor the financial system and to police the products banks sell to consumers have been held up by lobbyists, lawmakers and turf-protecting regulators.

-- Through mergers and the failure of Lehman Brothers, the mammoth banks whose near-collapse prompted government rescues have gotten even bigger, increasing the risk they pose to the financial system. And they still make bets that, in the aggregate, are worth far more than the capital they have on hand to cover against potential losses.

-- The government's response to last year's meltdown was to spend whatever it takes to protect the financial system from collapse -- a precedent that could encourage even greater risk-taking from the private sector.

........more.........

The anger at Obama is misplaced, as the problems are much more fundamental than who happens to be in the oval office. Where is the anger at the financial sector? Instead we get silly, misdirected anger over "death panels", and somehow corporate mouthpiece Fox News is still held up as some kind of beacon of "truth" in a sea of obfuscation.

Effective public protest is nearly impossible when there is such widespread ignorance of basic economic issues. Instead people are easily manipulated to tilt at stereotypical strawmen.

CB's picture
CB
Status: Gold Member (Offline)
Joined: Mar 18 2008
Posts: 365
Re: Daily Digest - September 13

and more green shoots:

Quote:

Business

Regulators seize construction lender Corus Bank

By IEVA M. AUGSTUMS Associated Press Writer

Sep 11th, 2009 | CHARLOTTE, N.C. -- Federal regulators on Friday said they seized Corus Bancshares Inc., a major Chicago-based lender to condominium, office and hotel projects, adding it to the long list of banks that have succumbed this year to the recession and waves of loan defaults.

The Federal Deposit Insurance Corp. took over Corus Bank, which had $7 billion in total assets, and $7 billion in deposits. The deposits will be assumed by MB Financial Inc., also based in Chicago.

Corus Bank's 11 branches will open on their next normally scheduled business day as branches of MB Financial Bank. Regular deposit accounts are insured up to $250,000.

The closure of Corus Bank, one of the largest banks to fail this year, will cost the FDIC $1.7 billion.

Corus made construction loans nationwide, specializing in condominium, office and hotel projects. The bank has staggered for weeks under the weight of bad real estate loans and its collapse had been anticipated.

Already in February, the bank had said losses on condo construction loans in a gutted housing market had forced it to hunt for new sources of capital.

The bank had cited "a rapid and precipitous decline" in the value of collateral securing its condo loans, mainly in Arizona, southern California, southern Florida and Nevada. It acknowledged that its capital was critically eroded.

.............more..........

Michael's picture
Michael
Status: Member (Offline)
Joined: Oct 7 2008
Posts: 5
Re: Daily Digest - September 13

"Up to two million march..."  What does that mean?

To me it sounds like: There are diverging estimates of how many people were marching, but we are too lazy to check our sources, so we'll just say "Up to two million" because it makes a great headline.

Gadfly's picture
Gadfly
Status: Silver Member (Offline)
Joined: Dec 6 2008
Posts: 127
Re: Daily Digest - September 13
Davos wrote:

I found that article on Drudge. Imagine that. Having said that I am appauled to see such coverage in the UK and very little in the US media.

I wish the media would go away and let the bloggers take over. To me, this is a very important issue because it leads me to understand what the near future trend will be.

Hoover had taxes at 63%, FDR bumped them to 79% and then to 94%. He also tried to get 100% income tax on individuals making more than 25k a year (a lot then). Right now we work from Jan-Sep and it all goes to Uncle Sam. I think next year will be worse.

Davos,

  I think the media is already feeling threatened by bloggers.  However, the MSM is not going to go away anytime soon.

 

Excuse my ignorance of the Great Depression history; When you say 100% income tax, do you mean just any money above 25K?  Also, with a tax at 94%, how was it that there was no major tax revolt?  Or was there one that I never heard of?

Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Re: Daily Digest - September 13
Gadfly wrote:
Davos wrote:

I found that article on Drudge. Imagine that. Having said that I am appauled to see such coverage in the UK and very little in the US media.

I wish the media would go away and let the bloggers take over. To me, this is a very important issue because it leads me to understand what the near future trend will be.

Hoover had taxes at 63%, FDR bumped them to 79% and then to 94%. He also tried to get 100% income tax on individuals making more than 25k a year (a lot then). Right now we work from Jan-Sep and it all goes to Uncle Sam. I think next year will be worse.

Davos,

  I think the media is already feeling threatened by bloggers.  However, the MSM is not going to go away anytime soon.

 

Excuse my ignorance of the Great Depression history; When you say 100% income tax, do you mean just any money above 25K?  Also, with a tax at 94%, how was it that there was no major tax revolt?  Or was there one that I never heard of?

Helllo Gadfly:

Mp3

Real Player

Windows Media

Think it is at the 7:50 minute point, hard to read my writing at kids soccer game when I was listening. I've also read about this in a book, I'll try to find reference to it, but the FSN really lays it out.

Take care

Mike Pilat's picture
Mike Pilat
Status: Platinum Member (Offline)
Joined: Sep 8 2008
Posts: 929
Re: Daily Digest - September 13

I was at the rally yesterday in D.C., working to educate others that were open minded to listening. 50,000 is such a low estimate it is laughable. I have no experience estimating crowd size, but the march down Pennsylvania Avenue was about a mile long and absolutely filled it. There were many others on the periphery as well. 1 million sounds like a very reasonable lower range to me.

Most that showed up there were simply "anti-Obama," "anti-socialism," but there were a significant number that seemed to have an understanding of the Federal Reserve system and were very responsive when an individual started a chant around the Fed. There also seemed to be a growing awareness of the corrupt revolving door politics with the banks that have a vice grip on our political system.

Anyone that characterizes this rally as simply a "health care thing" is grossly mistaken. Further, there were clearly people there that had no interest in politics for many many years, but have recently become energized. Most interesting of all, were the multiple WWII veterans that appeared in wheelchairs to protest our foreign policy.

The_Black_Death's picture
The_Black_Death
Status: Bronze Member (Offline)
Joined: Jan 22 2009
Posts: 33
Re: Daily Digest - September 13
Gadfly wrote:

According to the Obama sychopants at MSNBC, there was only 50,000 protesters...yeah, right.  Seems to me that the Tea Parties are killing Chris Matthew's Obama leg thrill/tingle.  Of course, these are the same guys that refuse to report such things as the  murder of James Pouillon.  You know that Olbermann is totally gleeful over that heinous act.

 

Poullion was just a protester. Dr. Tiller has been famous for years. It's apples and oranges.

 

That's like saying, "Well, how come everybody paid attention when John Lennon was shot, but didn't pay attention when the guy who played in the bar band down the street was shot?"

If Pat Robertson or somebody like that was shot, you'd hear something about it.

green_achers's picture
green_achers
Status: Silver Member (Offline)
Joined: Jan 3 2009
Posts: 205
Re: Daily Digest - September 13

Very interesting program on NPR today.  "To the Best of Our Knowledge."

http://wpr.org/book/090906a.cfm

The first part is an interview with the author of a new book entitled Life, Inc. Worth a listen.

presentmoment's picture
presentmoment
Status: Bronze Member (Offline)
Joined: Sep 22 2008
Posts: 57
Re: Daily Digest - September 13

"The anger at Obama is misplaced, as the problems are much more fundamental than who happens to be in the oval office. Where is the anger at the financial sector? Instead we get silly, misdirected anger over "death panels", and somehow corporate mouthpiece Fox News is still held up as some kind of beacon of "truth" in a sea of obfuscation.

Effective public protest is nearly impossible when there is such widespread ignorance of basic economic issues. Instead people are easily manipulated to tilt at stereotypical strawmen."

CB,

I hear you.  I am wondering where the anger was when George W. Bush lied through his eight years of presidency including leading this nation to a war based on lies.  I guess people react only when their bread and butter issues are affected directly.  I was hoping that this crisis will be a turning point to give a birth to a viable third political party, which follows the Constitutions of this nation faithfully, but it looks like this spontaneous tea-party movement has been highjacked by the same elements who mis-lead this nation for last 8 years through propaganda and misinformation campaign. 

It seems to me that Obama has been set up as the fall-guy for the consequences of all the bad leaderships accumulated for decades.   People are again manipulated to misdirect their anger and energy not to address the real root-causes of this economic crisis, but to the President who has been in office for 8 months.  Unfortunately - - for personal well-being of himself and his family, Obama decided to walk in to a burning house. 

 

 

 

Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Re: Daily Digest - September 13
presentmoment wrote:

"The anger at Obama is misplaced, as the problems are much more fundamental than who happens to be in the oval office. Where is the anger at the financial sector? Instead we get silly, misdirected anger over "death panels", and somehow corporate mouthpiece Fox News is still held up as some kind of beacon of "truth" in a sea of obfuscation.

Effective public protest is nearly impossible when there is such widespread ignorance of basic economic issues. Instead people are easily manipulated to tilt at stereotypical strawmen."

CB,

I hear you.  I am wondering where the anger was when George W. Bush lied through his eight years of presidency including leading this nation to a war based on lies.  I guess people react only when their bread and butter issues are affected directly.  I was hoping that this crisis will be a turning point to give a birth to a viable third political party, which follows the Constitutions of this nation faithfully, but it looks like this spontaneous tea-party movement has been highjacked by the same elements who mis-lead this nation for last 8 years through propaganda and misinformation campaign. 

It seems to me that Obama has been set up as the fall-guy for the consequences of all the bad leaderships accumulated for decades.   People are again manipulated to misdirect their anger and energy not to address the real root-causes of this economic crisis, but to the President who has been in office for 8 months.  Unfortunately - - for personal well-being of himself and his family, Obama decided to walk in to a burning house. 

 

 

 

With all due respect: Obama should have had an understandable health care plan to push. I read the 1017 pages of HR3200 and I felt like I was in Bush's stuttering, I can't finish a train of thought/sentence of a brain.

He did get a disaster of an economy - and pouring Jet-A onto the fire is making it worse, Summers and Romer are - I can't even say what they are on this site, but I assure you these policies are creating a disaster and we will I suspect wake up like Mexico and Argentina.

IMHO it is dumb and dumber. I didn't vote for him or McCain, and I did vote, and when he got in I was most supportive of him. IMHO the guy is another Harvard dunce. This isn't rocket science. CM took this preplex problem and clearly explained it in 2 hours and even my kids can grasp it.

One1776's picture
One1776
Status: Bronze Member (Offline)
Joined: Jan 24 2009
Posts: 52
Re: Daily Digest - September 13

Dollar Collapse, Gold, Silver, and an Unsustainable Government.

Part 2:

presentmoment's picture
presentmoment
Status: Bronze Member (Offline)
Joined: Sep 22 2008
Posts: 57
Re: Daily Digest - September 13

"With all due respect: Obama should have had an understandable health care plan to push. I read the 1017 pages of HR3200 and I felt like I was in Bush's stuttering, I can't finish a train of thought/sentence of a brain.

He did get a disaster of an economy - and pouring Jet-A onto the fire is making it worse, Summers and Romer are - I can't even say what they are on this site, but I assure you these policies are creating a disaster and we will I suspect wake up like Mexico and Argentina.

IMHO it is dumb and dumber. I didn't vote for him or McCain, and I did vote, and when he got in I was most supportive of him. IMHO the guy is another Harvard dunce. This isn't rocket science. CM took this preplex problem and clearly explained it in 2 hours and even my kids can grasp it."

Davos,

I have the same opinion as yours about advisers Obama has surrounded himeself with.   The same group of people who have been involved in creating this problem all along.   It seems to me the established interest group - - the financial oligarchy - - sets the poilicies at the expense of the rest of us.  What I am wondering is, "can we change the system without being a part of the system?"  The other question about understanding the root-cause of this problem is that in my experience the essense of complex problems is often not dfficult to understand, but when we have this kind of severe structural problems, where do you start when all the interested parties jocking for their piece of pie?  About your comment about Harvard dunce, many of leaders in the financial industry and politics are the graduates of the "best" institutions of this country including Harvard.

 

presentmoment's picture
presentmoment
Status: Bronze Member (Offline)
Joined: Sep 22 2008
Posts: 57
Re: Daily Digest - September 13

 

Karl Denninger says these games being played in the financial sector have started with the deregulation in mid 1980's.  He talks about a certain "second leg" downward - way downward.

Gadfly's picture
Gadfly
Status: Silver Member (Offline)
Joined: Dec 6 2008
Posts: 127
Re: Daily Digest - September 13
The_Black_Death wrote:

 

 

Poullion was just a protester. Dr. Tiller has been famous for years. It's apples and oranges.

 

That's like saying, "Well, how come everybody paid attention when John Lennon was shot, but didn't pay attention when the guy who played in the bar band down the street was shot?"

If Pat Robertson or somebody like that was shot, you'd hear something about it.

#1  Dr. Tiller was famous/infamous.  Depending on the observer's perspective.

#2 Poullion was not "just a protester".  He was a human being just like Dr. Tiller (apples to apples in this case).  It is sad to see people dehumanized

#3 "Well, how come everybody paid attention when John Lennon was shot, but didn't pay attention when the guy who played in the bar band down the street was shot?" is an irrelevent comment because it is hypothetical.  It is conjecture to assume that such a coincidence would go unmentioned.

Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Re: Daily Digest - September 13
presentmoment wrote:

The other question about understanding the root-cause of this problem is that in my experience the essense of complex problems is often not dfficult to understand, but when we have this kind of severe structural problems, where do you start when all the interested parties jocking for their piece of pie?  

I think too much money and too little regulation blew up the economy. I think a decisive leader, a leader not in anyone's pockets (Ron Paul and Alan Grayson and I hope Schiff come to my mind) would revert to the Constitution. IMHO the Fed is not a legal entity. Bernanke I can't stand because he smirks whenever he says Congress passed the law in 1913. That doesn't make it right in my book.

Take care

The_Black_Death's picture
The_Black_Death
Status: Bronze Member (Offline)
Joined: Jan 22 2009
Posts: 33
Re: Daily Digest - September 13
Gadfly wrote:
The_Black_Death wrote:

 

 

Poullion was just a protester. Dr. Tiller has been famous for years. It's apples and oranges.

 

That's like saying, "Well, how come everybody paid attention when John Lennon was shot, but didn't pay attention when the guy who played in the bar band down the street was shot?"

If Pat Robertson or somebody like that was shot, you'd hear something about it.

#1  Dr. Tiller was famous/infamous.  Depending on the observer's perspective.

#2 Poullion was not "just a protester".  He was a human being just like Dr. Tiller (apples to apples in this case).  It is sad to see people dehumanized

#3 "Well, how come everybody paid attention when John Lennon was shot, but didn't pay attention when the guy who played in the bar band down the street was shot?" is an irrelevent comment because it is hypothetical.  It is conjecture to assume that such a coincidence would go unmentioned.

1. Infamous/famous, regardless of the context, Dr. Tiller has been apart of the abortion debate for 20 years. He's a known entity by millions of people all over America and had been demonized by entire swarths of the country, and recognized as a hero to other huge swarths of the country. .

2. I agree a human being is a human being, but a drug addict dying in the street isn't gonna get the same attention Michael Jackson got for being a drug addict and famous. That's common sense. Fame/infamy changes the game. How many bosses cheat on their wives with their secretaries? Probably thousands, but when Bill Clinton did it, everybody acted like it was the end of the world, why? Because he was POTUSA, and not running a mom and pop shop.

3. It's not hypothetical. Plenty of musicians have been shot over the years, none of them got the coverage John Lennon did, why? He was only in the most famous pop group in the history of the world. The more famous/infamous you are, the more coverage you're gonna get. Simple. John Gotti's death got plenty of coverage also.

Doug's picture
Doug
Status: Diamond Member (Offline)
Joined: Oct 1 2008
Posts: 3159
Re: Daily Digest - September 13
Quote:

#1  Dr. Tiller was famous/infamous.  Depending on the observer's perspective.

#2 Poullion was not "just a protester".  He was a human being just like Dr. Tiller (apples to apples in this case).  It is sad to see people dehumanized

#3 "Well, how come everybody paid attention when John Lennon was shot, but didn't pay attention when the guy who played in the bar band down the street was shot?" is an irrelevent comment because it is hypothetical.  It is conjecture to assume that such a coincidence would go unmentioned.

And 40,000 people die on our highways every year with nary a mention.

Gadfly's picture
Gadfly
Status: Silver Member (Offline)
Joined: Dec 6 2008
Posts: 127
Re: Daily Digest - September 13

The_Black_Death,

 

  Neda Agha-Soltan was an unknown, or as you say "just a protester", before she was murdered.  She became the face of Iranian political conflict this last summer.  The left-wing media had no objection in covering this story because it did not directly threaten their ideology.  It is intellectually dishonest to say that MSNBC did not spike this story for it's own purposes.  Unless, of course, "common sense" is to be defined as "toeing the Democrat line". 

joemanc's picture
joemanc
Status: Martenson Brigade Member (Offline)
Joined: Aug 16 2008
Posts: 834
Media Bias
Quote:

I wish the media would go away and let the bloggers take over. To me, this is a very important issue because it leads me to understand what the near future trend will be.

Davos - I agree! If you want to understand the media a bit more, I suggest picking up a copy of Bias, by Bernard Goldberg. He's a self proclaimed bleeding heart liberal who exposes the media for what it really is, a bunch of bleeding heart liberals. He admitted that the left wing media indirectly created Fox News because people picked up on their left wing slant. But the bit that caught my eye was his explanation that whenever a news outlet has something to report that might be a bit controversial, they call the New York Times to see if they should run it. I guess we should all hope the Grey Lady fades to black. Laughing

Btw, I just finished reading the Smartest Guys in the Room, which I've seen you reference several times. Wow, what a great read, and the paralells to our current predicament, whoa! Take care.

Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Re: Media Bias

Hello JoeManC:

Glad you liked it, I didn't know it was also a book, thought it was just a documentary, I'll have to get it and Bias. I'm reading Atlas Shrugged which FarmerBrown recommended, it weighs about 10 pounds.

Hope all is good. Take care

 

Farmer Brown's picture
Farmer Brown
Status: Martenson Brigade Member (Offline)
Joined: Nov 23 2008
Posts: 1503
Natural Gas Market

http://www.zerohedge.com/article/why-has-natural-gas-spiked-60-labor-day

Why Has Natural Gas Spiked 60% Since Labor Day?

As reported by Zero Hedge on Thursday, September 10, 2009, natural gas was up by about 16% on no real change in the fundamentals of the commodity. By the end of the trading day, natural gas saw its biggest one-day gain of 15% in almost five years (Fig. 1). Natural gas price has spiked almost 60 % since Labor Day and prompted investors to believe a V-shape recovery might be near for the brutally battered U.S. natural gas market. However, don’t break out the champagne just yet until you learn more about two of the major factor driving this latest spike, pipeline Operation Flow Orders and from the trader's perspective.

idoctor's picture
idoctor
Status: Diamond Member (Offline)
Joined: Oct 4 2008
Posts: 1731
Re: Daily Digest - September 13

Peter Schiff - The Case For Inflation | September 12, 2009

ICN Informed Citizen News 09/06/09

joemanc's picture
joemanc
Status: Martenson Brigade Member (Offline)
Joined: Aug 16 2008
Posts: 834
Europe fears winter energy crisis, again
Quote:

Russia's stranglehold over dwindling global energy resources was dramatically confirmed yesterday when new figures showed that the country has become the world's biggest exporter of oil.

With production in August hitting record levels, Russia toppled Saudi Arabia from the number one spot. It is already the world's largest exporter of gas, and supplies around a third of the European Union's consumption.

The news is likely to heighten unease in EU capitals over the Kremlin's tightening grip on energy reserves. There are fears of a repeat of January's debilitating gas war between Russia and Ukraine – which saw winter supplies to EU consumers cut off for weeks. Members of Opec agreed to cut oil production last year in response to the economic crisis. Moscow indicated last December that it would follow suit but instead ramped up production in the second quarter of 2009, as new fields in Siberia came on stream.

http://www.guardian.co.uk/world/2009/sep/13/russia-oil-exports-eu

idoctor's picture
idoctor
Status: Diamond Member (Offline)
Joined: Oct 4 2008
Posts: 1731
Re: Daily Digest - September 13

Demi Moore and Ashton Kutcher's I Pledge Video

I dunno?????Laughing

Montana Native's picture
Montana Native
Status: Silver Member (Offline)
Joined: Mar 17 2009
Posts: 166
Re: Daily Digest - September 13

Gadfly,

Why dont we just call it corporate media and forget about the overplayed right/left dichotomy card.

 

 

 

Gadfly's picture
Gadfly
Status: Silver Member (Offline)
Joined: Dec 6 2008
Posts: 127
Re: Daily Digest - September 13
Montana Native wrote:

Gadfly,

Why dont we just call it corporate media and forget about the overplayed right/left dichotomy card.

 

 

 

Montana Native,

  Fair enough.  However, I am curious as to the earnest defense of MSNBC by some members. 

gregroberts's picture
gregroberts
Status: Diamond Member (Offline)
Joined: Oct 6 2008
Posts: 1024
gregroberts's picture
gregroberts
Status: Diamond Member (Offline)
Joined: Oct 6 2008
Posts: 1024
Re: Daily Digest - September 13

"Conclusion

You can't believe everything you read, especially when it's from the New York Times. Printing green pieces of paper doesn't make an economy richer. If done without restraint, it leads to runaway price inflation. As an added downside, it also allows governments to slaughter millions of people. (The world wars could not have been waged if the belligerents had stuck to the gold standard.) Those who adore the all-powerful state should obviously be enchanted with fiat money. Decent people should loathe it."

"And to show when it really "worked," Norris points to the Civil War (or "War Between the States" for those readers who insist that words matter). Yes, it was economic heresy, but how else could the Union and Confederacy have managed to kill more than 600,000 Americans? (The Confederacy famously resorted to the printing press as well.)"

http://mises.org/story/3701

gregroberts's picture
gregroberts
Status: Diamond Member (Offline)
Joined: Oct 6 2008
Posts: 1024
Re: Daily Digest - September 13

I found the answer  to my question,

http://gatewaypundit.blogspot.com/2009/09/clean-conservatives-filthy-lib...

lpowell23's picture
lpowell23
Status: Bronze Member (Offline)
Joined: Oct 18 2008
Posts: 27
Re: Daily Digest - September 13

Isn't that the same as the Bush sychophants downplaying the global protests of hundreds of millions opposing the fabricated war with Iraq?

The_Black_Death's picture
The_Black_Death
Status: Bronze Member (Offline)
Joined: Jan 22 2009
Posts: 33
Re: Daily Digest - September 13
Gadfly wrote:

The_Black_Death,

 

  Neda Agha-Soltan was an unknown, or as you say "just a protester", before she was murdered.  She became the face of Iranian political conflict this last summer.  The left-wing media had no objection in covering this story because it did not directly threaten their ideology.  It is intellectually dishonest to say that MSNBC did not spike this story for it's own purposes.  Unless, of course, "common sense" is to be defined as "toeing the Democrat line". 

 

That was true, but Neda's death CAUSED international outrage because of the video footage, passed around  through Twitter. The media had to cover her because she had become part of the historical discussion and a part of the rally cry for MILLIONS of people. She was the Crispus Attucks of their movement.

Poullions death isn't gonna cause international outrage, why?

First of all, his death wasn't captured on film was it?

Second of all, most of the CIVILIZED world is SECULAR and doesn't really care about the religious right and their fight over things most of the civilized world already settled years ago.

Third of all, he was old. Very old.

Fourth of all, he was NOT a celebrity. People die everyday who's deaths aren't covered with the zeal of Anna Nicole Smith, Michael Jackson, and Farrah Fawcett. He aint the only one.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments