After Action Report

First, let me apologize for failing to doublecheck that the Friday report had been uploaded to the server.  I was using a wireless connection at the Houston airport Friday morning (and running on fumes at the time) and thought the upload was fine until I found out that it didn't transfer right - so it was posted after I zonked out and did four hours of quick catch-up napping. It's down below.

As it turns out, the selection of gold as the top story on Friday was a good one:  The price jumped more than $16 an ounce and it looks like that relationship we tagged several months back, e.g. dollar down, gold up, and inflation-impacted assets (such as the Dow) going up, has held.

This intermediate trend is summed up nicely in a Reuters headline today: "NY gold futures rise 2 pct on weak dlr, oil rally".  Not only is gold more expensive, but it is also climbing fast in traditional high gold buying countries, such as India where the price is now above 10,000 Rupees.  My thought (and something at least partly reflected in the linguistics from HPH) is that gold has not even begun what could be a huge meteoric ascent.

If you're wondering why I think gold has much future to gold before getting to a resting place, around $2,128, you'll have to read this weekend's Peoplenomics report.  But, there is support for a major advance in gold to at least this level as the dollar descent continues.

There's a strong macro-trend for the dollar to decline even further from present levels, perhaps as much as 1/2 of its present value on the international market against other currencies.  Again, more on the impacts of this in tomorrow's Peoplenomics report, but as the dollar decline accelerates, it seems likely to reinvigorate domestic manufacturing and that could lead to an economic rebirth of the USA.  Good thing to look forward to, a number of 'tank traps' along the way, but IF we can get there with the world intact (a big question mark I'll admit) then now is the time to learn at least one marketable goods production skill to go with what seems to be a whole country worth of services providers.

The headlines are supporting the outlook in the short term with examples such as "Dollar Hits New Low on Fed Speculation.  As the dollar's purchasing power goes down, the US balance of trade deficit will decline because foreign-made goods will be much more expensive in dollars while domestically made goods will drop in price.  And on the international scene, with US goods becoming cheaper, US exports should increase,. and that just about defines the reduction in the BOT Deficit.  Might take years to get there, but it's something to be anticipated once we get through the 'near death experience' of the dollar and all that it brings.

Thought Crimes Bill

I mentioned earlier this week that whenever there is a big news story that dominates the headlines, one has to be very careful to see what's being (pardon this) slipped to us while the public's attention is diverted elsewhere. (See Thursday's report "While We Were Distracted, the story of rthe return of credit score 500 loans in subprime market)  The answer for the LA fires is "Thought Crimes" legislation which was passed this week by the House.

Called "H.R. 1955: Violent Radicalization and Hometown Terrorism Prevention Act of 2007"  the bill has many chilling aspects which could be interpreted as a coalition effort by the unitary party system in the District of Corruption to make third-party opposition and strong support for our beloved Constitution unacceptable and criminal. 

I will admit to mixed feelings on this one:  On the one hand, the bill specifically says "violent" and "violence" and being a pretty laid-back guy, who is all about peaceful change, I want to believe that this kind of anti-terrorism bill makes sense.  But, on the other, I've seen 58 years of creeping Big Government and can see how this is just another steppingstone to the disarming of America a so that the coalition of corporations and government can order us how to live our lives, including the takeover of private property along the communist model (eminent domain was a step on this front).

The corpgov logic that I'm sure will follow will go something like this:  You don't need a gun because we have a safe country, so therefore if you own a gun you must be a terrorist.  Constitutional rights to  "Keep and bear arms" (not to mention the fine sports of hunting and marksmanship) are at risk when weak-minded legislators play political pile-on.  If you go to any of those fund raising coffee hours for the incumbents this fall, ask 'em to explain why such a broadly worded and potentially abuse prone bill could be acceptable.  When they try to weasel out of a straight answer (imagine that!) hold up a fair-sized campaign contribution for a yes or no answer.  It'll give you some insight into their feelings.

I will be calling my state's congressional delegation this coming week to voice opposition to the bill.  As I read it, the main thrust of it is "feel good" legislation which could be easily abused.  It's already a crime to plot violence against government, and this bill's reference to the internet is, to my reading, an incredibly dangerous and a blatant attempt to squelch dissent on the web.

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Speaking of keeping the power-grabbers/ power-elites in check, here's an interesting notion:  I'm thinking about making campaign contributions on a number of levels this year, with the idea that if the politicians fail to deliver the positions they promise, (if I can get any straight yes/no commitments)  then we (the people) should be able to sue them for breach of (verbal) contract.  And on that basis, we might be able to sue lawmakers for breach of contract and get a refund of our campaign contributions to their campaigns.  Make sense?  Know a big serious law firm with the goanies to take on this one?
 

Web Bots: Fires, Drought and Diaspora

Headlines are starting to show up about how "Much of the US could see a water shortage".  This is an especially poignant story because it comes as California residents return to what for many are burned out neighborhoods and homes.

A couple of web bot runs back, and specifically the July 7 run (ALTA 308 Part One), the predictive linguistics team at www.halfpasthuman.com talked more about what was coming after August of this year in the way of Diaspora - the dispersing/moving/forced migration of humans.  While much of the language shift describes a global coastal event, the 'flavor' of Diaspora was specifically seen as different for a while in this temporal region:

"What is very unusual about this growing [diaspora] is that the 'active participant' links within the array of emotional values previous instance, but rather [winds]. Further, the [winds] are supported by aspect/attribute sets describing [scrubbing clean (by/via) intense pressures]. Again, the inclination may be to assume that this [diaspora] is driven by [hurricanes], but if so, it will be [winds] rather than [storm surge] which will do the most damage, and is shown as initiating the [dispersion of peoples]. Again, this is [north American] geographic sub sets within the primary support aspect/attributes, and though the place name information is not meaningful, the descriptors all seem to add up in a general sense to a place [recognized/known (for) availing (a) life of leisure. Further descriptors go to the idea of [human caused lakes] as a local place marker. However, in many senses, it does not appear to matter just where the predicted point of most origination is placed, as the area described as damaged is very large. It is from the large [destruction/sweeping away] that the [diaspora] gets its origins. Also we note that this is an [evacuation] which evolves into a more or less permanent relocation of some numbers of people. There are supporting descriptor sets for the [diaspora] which include directly held, and cross linked references to the [dark night of the soul in the woods huddled wet around campfires, conditions miserable] as discussed in previous ALTA reports. Given the long lead time on the [dark night...] prediction it would seem that the causative events are likely on the large side, emotionally speaking and will manifest, as we have seen in the past, as a 'cascading' series of interconnected actions/reactions which sum up to a [large mess]."

Yep, the LA fires mess has been wind-driven, and I guess when you start moving a million people around, that's diaspora for you.  But, it's not over yet, and there's more to come.  So, I watch the Southeast Desert develop and wonder if that's where the water aspect of Diaspora comes from.  Seems to make sense, so we just have to watch and see what pops up over the winter there.

If you live where it has been wetter than usual, or where there are still lots of natural resources, you might think about how many diaspora victims could be accommodated looking for food, water, and a place to hang out and get started with what will be the trend toward self organizing collectives.

Remember who's been saying for almost a year that along in here Terra Intrudes in the fall/winter?  The first part of the new predictive linguistics run is due Monday (or earlier, Cliff and Igor being workaholics in denial).  Subscription information.

Quick!  Look Surprised Department

FEMA Staged News

Back in the old days, an AT&T/Pacific Northwest Bell PR person, answering a particularly tough question I had posed, say "You're not going to like this answer, but we have a policy to always tell the truth and not sugarcoat things..."  Well, that kind of candor in the PR/media management/corpgov image directing world is not around any more.  Proof in a report that FEMA staged a news conference by having their own staff act like reporters.  FEMA credibility efforts which could have been enhanced by being 'straight shooters' has been tarnished again by news conference 'staging' and FEMA is apologizing.  But, not until after the imagery has been burned into millions of people's subconscious, but hey, that's what corpgov persuasion blocks are about, isn't it?

New and Improved Cold War

Remember what the Cuban Missile Crisis was like?  If you don't remember (and it's OK to be young and all) please click here for a quickie refresher/learning.

The essence of that crisis, which brought the world to the brink of nuclear disaster, was Soviet placement of nuclear-tipped missiles in Cuban.  Now, what we (the US) are trying to do is essentially place a so-called anti-missile system around Russia, and that Russian boss Vlad Putin figures, is about the flip side of what the Soviets were trying to do to the USA in the 1960's.

Anti-Delusion Candidates

All of this supports the notion that the "USA lost the cold war:  We have massive government intrusion into our lives, demonization of foreign folks, and now, we're placing missiles around Russia.  It's almost like the communists/central corpgov movement packed bags and moved from the failed Soviet experiment to inside the Beltway.

A tough idea to wrap your head around, especially when brilliantly orchestrated by the power hungry and corpgov, but a read of "None Dare Call It Conspiracy" makes the case well, and an update today would just make you even more afraid for our country's future. The title of chapter 2 is clear enough:  "Socialism: Royal Road to Power for the Super Rich".  Truth hurts. I bet you didn't like President Eisenhower's "Military Industrial Complex" speech, which today would be updated to include big pharma, either.

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Ike's speech is now dangerous stuff to reference though:  The reason you don't hear about some presidential candidates, such as Mike Gravel, is because  they do talk about this and  as a consequence (how do I tell you this gently?) the corporate money-fix is in.  Any presidential hopeful who dares hint at the truth will be immediately buried by corpmedia/LameStreamMedia.  Doubt it?  Ask anyone working for Ron Paul's campaign.  Or Gravel's.  Why we have the elitists pimped as front-runners (Clinton, et al) troubles me.

Care to bet me on whether anti-delusion candidates like Ron Paul and Mike Gravel have a chance?  Like I said: the money-fix is in.

Splitsville

Sort of curiously timed is the story out this morning that the "Human race will split into two different species"  The idea is that the uber classen will be smarter and sexier and more powerful  while at the same time there will be an underclass of dumb, ugly worker bee types 100,000 years into the future.

Got news for the authors of this one:  It's already a done deal.  Who needs the DNA workout when we have mindless television?  This ship has sailed.  I was at the airport.

It Ain't Over Till...

...It's over.  And the Housing Bust is NOT. Bay area just set a new foreclosure record. 

Tax Ban Extension

State internet access taxes are off the table for seven years.  Until things get bad, financially, then the whining will start anew...  And then will come your license to surf and ways to make freedom of expression less free...

Revenue Sharing

Interesting piece in the NY Times Tech section about how much money is being shared by Apple/AT&T:  "The $831 iPhone" is definitely worth reading.

Memory Sticking

SanDisk is going after several flash memory companies alleging patent infringement.  Time to buy that new memory stick?  Could prices be about bottomed?  Hmmm.  US dollar down, legal action up...yeah, could be methinks.

Friday October 26, 2007

Almost $800

Since this is, at its core, a longwave economics blog (with a heaping side order of protecting the Constitution from Big Government and Corporate hucksters - corpgov, for short), there's no question ab0ut this morning's top story.  Gold is up around $775 and at 28year highs, as oil is up too, and my expectation is the Fed may try a 1/2 point surprise for their next meeting.

As I've offered countless time4s, it's not that the price of oil is going up much, gold either, rather it's the wanton printing of money and easy money creation by the bankster class that's driving things.  Apparently thinking there's more to go, the Fed continues to ignore the Constitutional objective of 'sound money' and instead prints money to an economic agenda that few talk about - everyone's got skin in the game, everyone with a political agenda, that is.

The headline