“I will be the candidate of Ukrainian unity,” Ms. Tymoshenko, said at the news conference, according to The Associated Press. “The west and center of Ukraine has always voted for me, but I was born in the east, in Dnepropetrovsk.”
Ms. Tymoshenko, who is known for her trademark blonde braid, generated new controversy this week after she was heard in a recorded telephone conversation using expletives and a derogatory term for Russians, and saying that Russia should be destroyed for its invasion and annexation of Crimea.
“The number for gross domestic product is good,” said Lawrence Creatura, a portfolio manager at Federated Investors in Rochester, N.Y. “It is not the exciting number that is typical of postrecession recoveries, but it is good enough. This has been a stumbling sort of recovery all along, and this number is a continuation of that pattern.”
One part of the economy that has grown over all in recent years, the housing sector, seems to be slowing markedly.
The Government Inflation Scam (Thomas C.)
Through it all, government officials know exactly what they are doing. They know that it’s their central bank that is producing the problem by expanding the money supply. But they also know that most of the citizens are graduates of public schools, which teach that inflation is caused by private-sector people who are greedily raising their prices. The officials know that all they have to do is focus the blame on the private sector and the citizenry will immediately fall into line and see the government as their savior rather than the entity that is actually the cause of the problem.
In particular the commodity complex shows a significant divergence: industrial metals (especially copper) are weak while agriculturals are very strong, just like precious metals and aggregate commodities. Heinz Blasnik points to China for a better understanding of the industrial metals weakness. “Broad money supply in China (M2) is now growing at 13.2%. That is at the low end from the range of the post decade. M1 has actually collapsed to 1.5% growth from almost 40% in 2009. I think that is where the weakness of industrial metals is coming from. It’s definitely China, because money supply growth is declining and also bank-lending and total lending are declining. It actually seems that house prices are beginning to turn down as well.”
The Fourteen Year Recession (pinecarr)
Simply stated, the Greenspan/Boskin Commissions’ task was to reduce future Social Security payments to senior citizens by deceitfully reducing CPI and allowing politicians the easy way out. Politicians would lose votes if they ever had to directly address the unsustainability of Social Security. Therefore, they allowed academics to work their magic by understating the CPI and stealing $700 billion from retirees in the ten years ending in 2006. With 10,000 baby boomers per day turning 65 for the next eighteen years, understating CPI will rob them of trillions in payments. This is a cowardly dishonest method of extending the life of Social Security.
Morgan thinks the world knows the dollar is in trouble. He contends, “Everyone wants to pretend that everything is OK, but everyone also knows the emperor has no clothes. . . . People might say I’m out. The dollar is toast. I want out at any price. Once that mindset takes place, it could catch fire. It’s unlikely, but you cannot rule it out. . . . 19 out of the G20 are saying we are mad as hell and we are not going to take anymore. You get it together or we are going to get it together for you. . . . Something is going to take place this year that will have such an impact. Perhaps what will be announced will go over the heads of many, but those who are awake will say, ‘that’s it.’ Might not happen initially, but the earthquake will have started, and the U.S. dollar will have lost its status on the international markets.”
A Week of Oil Spills (James B.)
And on March 25, an unidentified quantity of oil leaked from BP’s massive Whiting refinery in Indiana. The oil was discharged into Lake Michigan. No injuries occurred and the leak was stopped. Favorable winds were keeping the oil at shore and cold weather eased containment. The refinery was recently upgraded to handle Canadian heavy crude.
The Energy Intensity Of Food (Eric G.)
In February of 2014 I was invited to offer a lecture on the energy intensity of food production to an audience at the University of Vermont as part of the Campus Food and Energy Seminar Series. The lecture was recorded, and since there aren’t many talks on this topic available on the Internet I thought I’d make sure folks were aware of this one. Doug Lantagne, Dean of Vermont Extension, starts the recording with an introduction to food systems-related activities at UVM, followed by Alison Nihart, an assistant for the UVM Food Systems Initiative, introduces me.
Gold & Silver
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