An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Thursday, May 13, 2010
I am rooting for the Greek protesters...
I am rooting for those Greek protesters, but my fear is they will be crushed by the Banksters, who appear to have the Greek leadership in their pockets. Get ready, because all this will be coming to a city near you very soon, right here in the good 'ol USA as we start to implement spending freezes and cuts. The states are already moving ahead with it and the Federal Gov't is just sitting by and letting it happen because our leadership has been conned and hypnotized by the Svengali Deficit Terrorists. Meanwhile the Banksters and speculators are frenetically trying to scoop up as much money from taxpayers as possible because they know their jig will soon be up, but until that happens they're working the system to grab hundreds of billions so that they'll still be able to lord over us under the next system, whatever that may be.
RAGE ON MIKE
ReplyDeleteI AIN'T WORKING FOR THE CLAMP DOWN
REFERENCE : THE CLASH'S LONDON CALLING
NOW I KNOW WHY GLOBAL WARMING IS A SHAM - IT WAS THE NEXT CREDIT DEFAULT SWAP CRAPOLA - ALL CENTERED IN THE FINANCIAL DISTRICTS OF LONDON, FRANKFURT, NYC
CARBON CREDITS FOR THE BANKSTERS AND NOTHING FOR EVERYONE ELSE
Goog,
ReplyDeletedid you see this report?
I do understand global warming, and I meant to focus on the carbon credits as being smoke screens for polluters who could do better to be stewards of the earth.
ReplyDeleteHowever, I also believe in Global cooling - volcanoes which spew out ash reflect heat back into outspace thereby cooling the earth.
Additionally - geochemical erosion of the Himalayas uptakes carbon from the atmosphere which is therefore a carbon sink.
I wonder therefore if volcanic ash spewing out creates geochemical erosion and expedites the soaking up of carbon out of the atmosphere as well.
Does it also help with rainful ?
Will melted icecaps precipate an increase in precipitation that will cool the earth and create freak snow storms ?
There was a freak snow storm in Europe about the time that Frankenstein was written by Mary Shelley who was holed up in a house in Swiss Germany.
THIS WAS A FUNCTION OF A VOLCANO IN INDONESIA :
"During the rainy summer of 1816, the "Year Without a Summer," the world was locked in a long cold volcanic winter caused by the eruption of Mount Tambora in 1815.[3] Mary Wollstonecraft Godwin, aged 18, and her lover (and later husband) Percy Bysshe Shelley, visited Lord Byron at the Villa Diodati by Lake Geneva in Switzerland. The weather was consistently too cold and dreary that summer to enjoy the outdoor holiday activities they had planned, so the group retired indoors until dawn."
SO I THINK THE FOLLOWING IS TRUE :
THE EARTH GOVERNS ITSELF LOCALLY AND GLOBALLY ...
THE OIL SPILL IN GULF OF MEXICO COULD BE AN EXPERIMENT BY THE GOVERNMENTS TO COOL THE GULF TO PREVENT HIGH TEMPERATURES WHICH ATTRACT HURRICANES ( WHICH ARE STORMS THAT PROVIDE "AC" TO COOL THE EARTH BY THERMODYNAMICALLY BRINGING HOT EQUATORIAL HEAT TO THE UPPER LATTITUDES - WHICH WAS HAPPENING A LOT IN THE MID 2000 TO 2009 ERA )
THE OIL SPILL COULD ALSO BE AN EXPERIMENT TO HEAL THE "DEAD ZONE" THAT IS IN THE AREA ANYWAY - A HYPOXIC OXYGEN DEPRIVED AREA OF THE GULF OF MEXICO IN THE MISSISSIPPI DUMP AREA.
THE VOLCANO IN ICELAND IS EITHER MAN MADE BY EXPLOSIONS ( TO HELP COOL THE EARTH ) AS AN EXPERIMENT OR IS NATURAL AS FUNCTION OF THE EARTH GOING INTO THE NEXT COOLING PHASE THAT IS GOVERNED BY THE SUN SPOT CYCLES.
THE SHARKS WILL BE BITING LESS AS A FUNCTION OF COOLER OCEAN TEMPS TOO.
SO FINALLY - I HOPE SOME PEOPLE TOOK DATA BEFORE AND AFTER THE SHUTTING DOWN OF ALL THE FACTORIES IN CHINA AND ELSWHERE IN GENERAL TO SEE IF THE EFFECT WAS A COOLANT TO THE EARTH.
AND REALLY FINALLY - MAYBE THE ECONOMIC CRISIS IS A BIG WINDDOWN AGAINST CHINA - WE CAN ONLY STOP CHINA BY DEFLATING AND CUTTING BACK ON CONSUMPTION FROM THE VIEWPOINT OF NATIONAL SECURITY - WHO KNOWS WHAT CHINA IS DOING.
DEFLATING THE EURO AND THE USD WILL REVERSE WAG THE RENMIBI.
IN YOUR EURO SHORT WEB PAGE ON PITBULL, YOU EXPLAINED HOW PEGGING TO THE DOLLAR WAS DISASTER TO ARGENTINA AND OTHERS WHEN THE USA RAISED RATES.
SO IF WE DEFLATE AND DO THE OPPOSITE, IT WILL BE A CLOTHELINE DRIVE TO THE CHINESE YUAN RENMIBI.
WE'LL SEE, OF COURSE I AM 80% HEDGED THAT IT IS NATURE THAT DOES ALL THIS, AND LESS THAN 10% THAT MAN PURPOSEFULLY DOES THESE THINGS WHILE REMAINING 10% BAFFLED.
hey mike, what do you think about biz radio? amazing.
ReplyDeletegoogleheim, nice post, do you blog any where?
We are so on the same page Mike. I wrote this for Seeking Alpha: http://seekingalpha.com/article/187978-spend-greece-spend
ReplyDeletegoog,
ReplyDeletewhat is the chemical process of that Himalaya erosion? what is the CO2 binding with? Is there a unique geology over there?
Very interesting observation, Ive never heard of that before..
Matt
PS I believe in naturally occuring longer term climate cycles.
PPS I believe OPEC was behind the Gulf explosion (sabotage).
Hi Matt :
ReplyDeleteA female geolgist in the 1990's published an important work showing that geochemical erosion promoted carbon uptake to a very large degree.
When erosion takes place in general carbon is absorbed.
The Himalayas just happen to have the largest area on earth that is fragmented with a very large surface area to conduct this process, but it happens everywhere.
The Northern hemisphere has the largest compoundment of water in the two hemisphere - water dams for hydroelectricity. This has a measurable effect on the precessional state of the earth's rotation - it advances the rotation in micro dimensions.
The El Nino effect of increased moisture actually acts as a micro measured brake system by dampening the rotation of the earth.
One thing is for sure - the Rio Grande does not have much water flowing through it anymore because New Mexico has 6 dams which keep every drop out of the Rio Grande river.
That has the effect of reducing erosion, therefore elliminating the type of dust needed for rainfall and possibly the erosion needed to act as a carbon sink.
There is not enough flow.
The iceland volcano probably will have a nice cooling effect on the Europe and the earth.
TIL:
ReplyDeleteYes, unbelievable about BizRadio! If they had kept me on and went with an advertising model as opposed to getting into all the other stuff they tried to do, maybe it would have succeeded. My show was getting popular and it could have been syndicated.
Bgmall:
ReplyDeleteExcellent article! However, I am afraid you and I (and perhaps some of the readers of this blog) are the only ones who see it this way. Even so, I am cheering for the Greeks. I hope they fight like the true Spartans they are and bring down this oppressive system!
When to sell gold, I say sell gold
ReplyDeletewhen Germany, France, Greece, whomever pulls out of the euorzone.
Gold and silver is rising due to the fear of countries pulling out of the eurozone. Once this happens
sell the news, because the only solution to the european debt problem is to pull out of euro zone and print your own money per country.
Sell gold when Germany and France pulls out of the eurozone not sure about Greece, but the only solution to the european debt question is for each individual country to issue it's own currency
ReplyDeleteand for those people to deal with their own corrupt system, they need to issue their own currency.
Also get rid of the credit default swap markets,this will force investors to truly take a risk and do their homework before investing, with no bail out available.
There is an epic face-off going on between two markets: gold and bonds. Gold is rising, but so are Treasuries. One of them is wrong and it's gold.
ReplyDeleteRE: EURO ZONE
ReplyDeleteATTENTION: WARREN MOSLER
THEY SHOULD APPROACH THIS SIMILAR TO OBJECT ORIENTED PROGRAMMING SUCH AS C++ :
THERE SHOULD BE TWO CURRENCIES -
A. GLOBAL ( FOR EURO ZONE & BEYOND)
EURO DOLLARS FOR COUNTRY TO COUNTRY TRANSACTIONS
B. LOCAL ( EACH COUNTRY BRINGS A EURO WITH A FLIP SIDE WITH THEIR OLD CURRENCY )
LOCAL WILL BE A SUBSET OF THE GLOBAL AND THIS WILL ALLOW ADHERENCE TO THE MAASTRICT TREATY AND THEN ALSO CIRCUMVENT IT LOCALLY.
SIMILAR TO DECLARING VARIABLES AS PUBLIC OR PRIVATE.
then we can put China back into it's place - Krugman was right that China's savings glut hurt Europe and the USA
China's saving glut did it
China's saving glut did it !
**//QED\\**
This is a ridiculously gloomy take on our situation, but unfortunately it strikes me as being very much true.
ReplyDelete