4.7 Earthquake Hits Arkansas

| February 28, 2011

Half Past Human in “The Shape Of Things To Come 2011/2012″ predicted earthquakes along with repeated references of floods and serious crop shortages in the U.S. this year……they use an artificial intelligence Asymetric Language Trend Analysis computer program that has been successful about 50% of the time!  They see tension building until the equinox on March 21’st, then there is somewhat of a release […]

Government Wastes Billions Of Dollars With Duplicative Programs

| February 28, 2011

Yep…we’re not surprised! From The Wall Street Journal: A government study found duplicative programs that cost taxpayers billions of dollars each year, including 15 different agencies overseeing food-safety laws, 20 programs to help the homeless and 80 for economic development.

Impossible Assumed Rates Of Return…The Pension Fund Debacle In A Nutshell

| February 27, 2011

Ridiculous 7.5%-9.0% assumed rates of return are not “little white lies” — they are Everest-sized whoppers. They are far from reality and nearly impossible to ever realistically have happen over the medium term and even more impossible over the long term in mature economies.  If the three big California Public Retirement Funds used a realistic 4.5%-5% rate of return instead of the make […]

Popularity Of Congress Is All Time Low Of 11%

| February 27, 2011

Anybody surprised?  Nope, didn’t think so……Why do so few Americans believe in our government today? That’s simple….it’s because Congress is self serving, and favors the giant corporations and the ultra-wealthy, not Main Street and the common American. Influential Harvard and Stanford law professor Lawrence Lessig noted in a must-watch speech last week that polls show that only […]

Marc Faber Interviewed By The McAlvany Financial Group

| February 27, 2011

Everything the government is doing involves a rig job of one kind or another and it’s unmatched in history.  Real estate and equity markets are not standing on there own, they are all being supported by the government either directly or indirectly…..and there in lies the problem.  Here are some key extracts from the Marc Faber interview by The […]

OECD (Organization for Economic Cooperation and Development) Says Real Worldwide Demand Driving Commodity Prices

| February 27, 2011

From The Wall Street Journal….this is why commodity prices continue to go higher! WASHINGTON—A report being prepared for the world’s Group of 20 leading economies indicates the main factor behind rising prices for wheat, sugar, cotton, metals, oil and other commodities isn’t speculators, as some have suggested, but that the global demand to consume these goods […]

Financial Weapons Of Mass Destruction

| February 26, 2011

Understanding Derivatives – Class Name and Description: Greedy Financial Morons 101, How To Destroy The Financial World…… Heidi is the proprietor of a BBQ Bar in Mt. Airy Maryland . She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, […]

A $228 Million Dollar Mistake, Yes, You Heard That Right…$228 Million Dollar Mistake Made For The Orange County, California Pension System, And It Wasn’t Found For 8 Years

| February 26, 2011

So…Inquiring minds want to know what other computer systems are using this same software and why it takes 8 years to figure this out.  We think there’s more to this story! SANTA ANA, Calif. (KABC) — A $228 million mistake has landed two employees for Orange County’s pension system on paid leave. It’s all linked to a […]

Providence School Board Votes To Fire All Teachers, Has A $40 Million Dollar Deficit

| February 25, 2011

The Providence School Department (District) has a $40-million deficit.  So the big question is: Why was this deficit allowed to get so large in the first place.  Inquiring minds want to know!  Yes we know, nobody learned math 101… so now we have 1,000’s of math morons running public departments supported by the government with large budget deficits around the […]

More Fertilizer….It’s The Best Option For Food Shortages

| February 25, 2011

The clear trend in major regions is for less and less arable land per capita. Thus the only way to get more food is to get more yield from diminishing acres. And that means: more fertilizer! The chart from Dundee Securities tells the story: Read more: http://www.businessinsider.com/chart-of-the-day-arable-land-per-capita-2011-2#ixzz1F0kHzU4R

Surging Gasoline Prices And How It Will Effect You

| February 25, 2011

A quick look at this chart tells it all! Yes, gasoline prices do effect the economy. Courtesy of John Lohman

Wisconsin Assembly Passes Bill On Union Rights

| February 25, 2011

Sounds like there was more then one way to play the game of hide and seek, but the Democrats weren’t paying attention while hiding! MADISON, Wis. — Republicans in the Wisconsin Assembly took significant action on their plan to strip collective bargaining rights from most public workers, by passing the measure early Friday morning before sleep-deprived Democrats realized […]

STRATFOR On Bahrain, At The Center Of Middle East Oil Shipping Lanes

| February 25, 2011

Some good points about Bahrain….and why it’s important to oil! Bahrain lies in the middle of an age-old contention between Iran and Saudi Arabia… and the balance between the two rivals could soon be tipped. A strong Iraq was a nice buffer between Saudi Arabia and Iran, but a strong Iraq is no more. Now […]

Looking Toward The Future, It’s About Time For Natural Gas To Show Its Value….

| February 24, 2011

www.jsmineset.com

IRS Has New Rules For Tax-Debt Relief

| February 24, 2011

From The Wall Street Journal………The Internal Revenue Service announced new rules intended to help struggling taxpayers cope with tax debts. Commissioner Doug Shulman called the steps an effort to “stand in taxpayers’ shoes” in order to minimize unnecessary burdens and said they wouldn’t compromise tax collections. The changes affecting individuals concern tax liens and so-called […]

Libya’s Sovereign Fund Has $32 Billion Dollars With U.S. Banks And Over $70 Billion Dollars In Total Assets Spread Around The World

| February 24, 2011

Libya’s “secretive” sovereign fund (LIA) has assets of over $70 billion and has placed $32 billion with U.S. banks, reported Reuter,  based on Wikileaks provided information from a “confidential diplomatic cable.” According to the report: ” The cable, obtained by WikiLeaks and revealing the details of a January meeting between the head of the Libyan Investment Authority […]

B of A Expects Libya Oil Production To Shut Down Completely

| February 24, 2011

Oil production in Libya is expected to shut down completely and could be lost for a prolonged period of time, Bank of America Merrill Lynch said on Thursday. U.S. officials said current oil stockpiles were adequate to meet any supply disruptions.  So, can we believe them is the big question!

Troubled Banks Rise To Highest Level In 18 Years

| February 24, 2011

Rock and Roll, and to think….the media says it’s all behind us and everything is getting better rapidly…..NOT! Troubled Banks Rise To Highest Level In 18 Years By Marcy Gordon Posted: 02/23/2011 WASHINGTON — The number of banks at risk of failing made up nearly 12 percent of all federally insured banks in the final […]

New Home Sales Down 13% To 19K Actual New Homes Sold, It Is The Lowest Monthly Sales Ever Since Records Started

| February 24, 2011

Does anyone really think there is a recovery going on!  ” Less than 500 homes  sold in the over $750,000 and only 19k total new homes were sold. The lowest monthly total ever. (and of the 19K, 53% were vacant lots or under construction). “Sales of new single-family houses in January 2011 were at a seasonally […]

Gaddafi Packed And Ready To Head Out Of Dodge…Unless He Pulls A Hitler On Everyone!

| February 24, 2011

Here is the latest news from the ABC.net.au,:  “Gaddafi’s private plane is loaded with gold bullion and hard currency, mainly dollars, and is preparing to fly to Zimbabwe.” Yet there is speculation that  Gaddafi may pull a Hitler: “Earlier, one of Mr Gaddafi’s former ministers predicted the Libyan leader will follow in Adolf Hitler’s footsteps […]

World Debt Chart – This Is Why The Years 2012-2014 Will Likely Be Very Tough Years

| February 23, 2011

Fed’s Hoenig Says United States Has “Deeply Undermined Free-Market Capitalism”

| February 23, 2011

Federal Reserve Bank of Kansas City President Hoenig is one guy that knows! HOENIG:  U.S. HAS `DEEPLY’ UNDERMINED FREE-MARKET CAPITALISM HOENIG: WARNS OF ESCALATING SERIES OF CRISES WITH RISING COSTS HOENIG: LARGE FINANCIAL FIRMS CAN EXPECT BAILOUTS IN FUTURE HOENIG: BIG FINANCIAL FIRMS MUST NOT HOLD ECONOMY`HOSTAGE’ HOENIG: BIG FIRMS `HAVE SIGNIFICANT INCENTIVES’ TO INCREASE RISK HOENIG: TOO-BIG-TO-FAIL FIRMS POSE […]

Cumberland Advisors – Nowhere Near Over!

| February 23, 2011

Nowhere Near Over February 23, 2011 This is nowhere near over.   By “This”, we mean the regional contagion, spreading violence and rising geopolitical risk in the Middle East and North Africa.    Reports say that Libya has stopped producing oil and that pipeline delivery to Europe (Italy) is interrupted.  Libya seems headed for complete dismemberment and […]

A Broken System…Bottom 90% Of Americans Average $31,244 In Income!

| February 22, 2011

How Rich Are The Superrich A huge share of the nation’s economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. The average income for the bottom 90 percent of us? $31,244.

PIMCO’s El-Erian Says We Can Not Assume The Dollar Will Retain Its Reserve Currency Status

| February 22, 2011

Mohamed El-Erian appeared on Bloomberg Surveillance with Tom Keene,  talking about the developments in the Middle East, “we have to appreciate that in the west, what is happening in Egypt and North Africa results in stagflation in the short term. So higher inflation and lower growth because of higher oil prices that take away purchasing power […]

The Math Comes Up Short For Most Retirement Plans

| February 21, 2011

The average person doesn’t realize the shortage they will likely be faced with in retirement! 

New Zealand Hit With Magnitude 6.3 Earthquake

| February 21, 2011

WELLINGTON, New Zealand (AP) — A strong 6.3-magnitude earthquake rocked the southern New Zealand city of Christchurch on Tuesday, and there were reports of damage to some buildings. Radio New Zealand reported that a church near the city center collapsed. The station also said staffers in its Christchurch newsroom had to cling to their desks […]

Warning: Get Ready For A ‘Global Katrina’…. Biggest Ever Solar Storm Could Cause Power Cuts Which Last For MONTHS

| February 21, 2011

Earth is overdue a massive solar storm as the sun enters its most active period…..We’ve been talking about this for a while.   Heads up everybody…..Have cash on hand and 30-60 days of food, water, toilet goods etc, and lots of flash lights and batteries and keep your car gas tank at least half full at […]

Volcano Bulusan Eruptes In The Philippines

| February 21, 2011

Thousands of people in the Philippines fled their homes as a volcano erupted on Monday, sending a spectacular column of ash high into the sky, residents said. The eruption of Bulusan, a 1,559-metre (5,115-foot) volcano, turned mid-morning into night for about 20 minutes across largely farming areas around its slopes, regional army spokesman Major Harold […]

British Foreign Minister Reports Gaddafi On Way To Venezuela…Gaddafi Says No, He Is In Tripoli

| February 21, 2011

Inquiring minds want to know what happens to the Libyan Gold….Uh, one guess…It follows Gaddafi out of Libya.  Duh! Libya had 143.8 tonnes of Gold and is (was) the ninth largest oil producer!

George Soros Says Obama `Has Lost Control Of The Agenda’

| February 20, 2011

George Soros….whether you like him or hate him, he has earned our respect with his success over the years.  He came to the U.S. as a poor boy, and has earned the wealth he has. Soros says Iran’s ruling regime will topple within the year, though he warned the situation there could become “very ugly” before this happens.  Soros also […]

Gadhafi’s Son Warns of Civil War in Libya

| February 20, 2011

Guess it doesn’t matter if they burn the oil wealth when it all goes to the ruler anyway!  Sounds like Gadhafi should ride out of Dodge while he can! The son of Libyan leader Moammar Gadhafi says protesters have seized control of some military bases and tanks. Appearing on Libyan state television Sunday night, Seif […]

Another Economic Tidal Wave Coming Towards California

| February 20, 2011

How Congressional Budget Cuts Will Effect California   Under the GOP House proposals, about $1.5 billion in federal funds for California would be trimmed, affecting such things as Pell grants, Head Start, K-12 education and rail projects. Reporting from Washington— University of California students would take a nearly $55-million hit from reductions in Pell grants. […]

World Wide Turmoil

| February 20, 2011

Things are coming unglued in the Middle East as revolution is spreading like wildfires.  The U.S. isn’t immune from this as we are seeing large protests in Madison Wisconsin over budget cuts that effect unions, entitlements and retirements.  Just imagine what happens in California (if) the special election to extend temporary tax increases gets voted down in June! Massive budget cuts in California […]

MacroMavens Stephanie Pomboy Talks Real Estate In This Weeks Barron’s

| February 19, 2011

Here is an interesting piece on Real Estate in this weeks Barron’s column Up and Down Wall Street… by ALAN ABELSON For most people, their house, be it ever so humble, is their largest single investment. (And all these years we’ve been suffering under the delusion that a house was, pure and simple, to live in. […]

A Little Perspective Is In Order Here!

| February 19, 2011

The President ordered the cabinet to cut $100 million from the $3.5 trillion federal budget!  So we thought a little perspective might be in order.  In comparison, if I have about a $4,000 a month budget for groceries, medicine, bills, etc, and I cut my spending at exactly the same ratio – 1/35,000, here’s what I would be sacrificing…..after doing the […]

Pelosi Aide Says U.S. Government Shutdown Likely….

| February 18, 2011

This could create a Black Swan set of events if it happens.  Looks like the Democrats are playing with Dominos…..and here’s the thing, they know it!   Speaking at a meeting of top aides to Congressional Democrats on Capitol Hill, an aide to former House Speaker Nancy Pelosi said that a government shutdown is likely and that Democrats need […]

The Swine Flu Can Spread Four Times Faster Than Other Viruses

| February 18, 2011

Swine Flu Can Spread at ‘Unbelievable’ Rate: The WHO (World Health Organization) says the swine flu spreads four times faster than other viruses and 40 percent of the fatalities are young adults in good health,  this according to top health officials. “This virus travels at an unbelievable, almost unheard of speed,” World Health Organization Director General […]

Time To Revisit: The Flu Fighters…….Making Sure Your Diet Has The Right Nutrients

| February 18, 2011

This hopefully should be a helpful guide to minimizing the flu when it hits you.  The Flu Fighters—In Your Food   While many people are still waiting for swine-flu vaccine to become available in their area, there is a lot they can do in their own kitchens to help fight off disease and build a strong […]

The Swine Flu Is Back, Here’s How It Works…….

| February 18, 2011

Heads Up……We are hearing of  cases now of the Swine Flu, but nobody is talking about it.  It’s medical name is Influenza C and sub types of influenza A (H1N1 variations).

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