I wasn’t going to write a column this morning, preferring instead to sleep in – something I don’t get to do much of – but seems to me that at least some nontraditional coverage of the Death of the Dollar meme that has been one of the cornerstone elements of the predictive linguistic/ web bot forecasts is coming along visibly now and may shape as as a dramatic force to be reckoned with in the financial affairs of all. I trust you’ve already heard that the “U.S. Mint runs out of Gold Coins“?
Not only did the price of gold come within striking distance of the $1,200 mark on Wednesday (it pulled back some today) but the Buck dropped through the recent support area of 0.666 Euro and went on to a 15-month low.
Not to be overly critical of the president here, but the Obama crew has shattered first-year spending by a new president, while at the same time making plans to appear with Oprah Winfrey in a Christmas special and reading about himself in GQ if you look closely at this picture going viral on the net.
If I were in the HR Department at the White House, I might be suggesting that Obama drop GQ and start reading the Wall St. Journal, Baron’s, or even this web site instead, since my old airline days boss taught me long ago “We don’t have any problems more revenue won’t fix…” Private sector revenue – know what I’m saying?
Should you be surprised that Obama’s approval rating is down to 39%?
Not that Obama’s alone being somewhat ‘blinded by the lights’ – You saw where “France’s first lady to take role in Woody Allen film“? But then again, she’s not being paid to run the country.
Such is the developing surreal sense of everyday events.
Speaking of Surreal
Also according to the linguistics, now that we’re in ‘surreal land’, another important temporal marker has just passed with word that authorities in Australia are planning to corral and then shoot some 6,000 wild camels that overran a town in the Outback. The imagery of a helicopter gunship blazing away at cornered camels is right up there with clubbing seals…
The Aliens Among Us
But wait! If you thought a narcissistic president and gunships killing camels was strange, tighten your seat belt for this: “Aliens ‘already exist on earth’, Bulgarian scientists claim.“
The gist of the story is that the aliens here want to establish communication via thought, but we have not yet evolved enough as a species to be able to process at that level.
Quick – look surprised.
Copenhagen Watch
If you believe that Copenhagen’s climate talks are about just limiting carbon (see Chinese moves to unveil carbon credits before the meetings there), you’re missing the point: The real agenda is getting together to push along the global tax agenda that sets the stage for world government. Costs money to run the world – and you’d need a bogeyman to scare everyone into laying down their autonomy and climate change was going to be it – till the first of the whistleblowers popped the bubble with the hack last week. Pricks’ bubble pricked.
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The good news is that now that Climategate has exposed the academic conspiracy to use junk science to stampede people into climate nonsense (see: “Hiding evidence of Global Cooling“) I figure it’s time for me to come out with my own carbon sequestration plan.
It’s real simple: Do away with carbonated beverages. Ends the deliberate creation of carbon dioxide, may encourage people to drink more lapsang souchong (smoked tea), and get unhooked from sugars and artificial sweeteners. Reduced the number of ADHD kids, sugar blues goes away, and maybe some of the pill poopers that walk among us can get straightened out.
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If he wasn’t reading GQ and planning appearance on Obamavision, it’d be stylish methinks to have the president pull out of Copenhagen. In a sense, it’s like going to a fire prevention meeting after the house has burned down. I suppose that folks who are heavily invested in this persuasion group, or that, have a hard time making quick changes to their paradigm, though, but the least he could do is walk there instead of the huge carbon footprint such a conference will generate. I mean, am I the only guy who understands what stream media is about?
Oh…how silly of me: I keep forgetting this is all theater to keep the sheep asleep…not about really getting the job done. I beg your forgiveness.
Falling Ad Sales
Online ads are down 5.4% in the third quarter compared with year ago – which makes sense and kinda tracks the real unit volume declines we’re hearing about from many sectors. I know, it’s easy to get confused these days: That’s because the MainStreamMedia gets all knotted knickers about “Retail sales are up!”. Well, yes, and no. The dollar volume is up maybe a few percent, but always look at unit volumes. When unit volumes are down 18% and you’re in a 20% monetary inflation, you can show a 2% increase in ‘dollar volumes’ but the real story is the unit volumes coming down. But you knew this, of course…
Manic Friday
The price of gold is down this morning – no doubt driven my the major declines in European trading. When I looked, prices in the UK, and Germany were down about 1.5%.
The back of the envelope says that should move gold down to the $1,177 kind of area very shortly and when the US markets open – barring a big bounce in Europe overnight, the US can look forward to a pretty good-sized decline on Friday…
Retailers are all braced for Black Friday – the day of the year many depend on to get their P&L’s ‘into the black’ but seems Wall Street’s gonna fade that.
After the close tomorrow, we may – or may not – see more FDIC orchestrated bank reorganizations; FDIC’s basically broke for a second time. But that’s all OK since we’ll just print up more money as needed. You weren’t really wondering why gold was going up, were you?
A fair number of readers are still sending me that email circulating on the net about supposed plans for a bank holiday in January. After talking with my consigliore, who in turn has been looking at his timing model of how this Depression ought to work out, I’m afraid it’s much too early for that. We’re figuring late summer, early fall, of next year before there’s a wide enough public recognition that our economy has slipped over the brink far enough to develop the necessary political consensus that a massive devaluation/halving of the buck would make sense.
But be patient – have another helping at the Turkey Day table and relax. Sure, the world’s going to hell in a hand basket, but at ox cart speed.
Oh – and don’t be so quick to repeat the ‘tryptophan in the turkey’is what makes us sleep between bouts of excess consumption. The fact is that turkey’s not so much to blame as probably the mass carbo-loading that goes along with it.