... [Jim Rogers] told 750 global fund managers in Tokyo today that, America is “completely out of control”, there will be a 20-year bull market in commodities and that prices will be in turmoil.
And he also warned that it “made sense” if global competition for resources ended in armed conflict. [....]
[....] Mr Rogers described the American dollar as a “terribly flawed currency”.
He said that the plan by Ben Bernanke, the Fed Chairman, to “crank up the money-printing machines and run them until we run out of trees” had exposed America’s weakest point to her rivals and enemies.
The dollar may have declined recently, he added, “but you ain’t seen nothing yet”.
Quantum's Jim Rogers says US 'out of control'
... and we are here to help! [more]
The sound of Bernankean 'copters here: [more]
Here are some of the recent announcements: [more]
Some people might want to buy a house because they think they may make money, other people buy a house because they love someone and they want to live in the city without renting. China is the latter. China is not interested in a few billion dollars this way or that every month, it wants to live in the city called 21st century prosperity and it is going to do everything in its power to stay there.
Peak Oil Passnotes: China Has Spoken
Although Goldman Sachs, for one, expects oil consumption to fall in America, it also predicts that continued growth in booming spots such as China and India will underpin global demand. The International Energy Agency, a watchdog group for consuming countries, still expects the world’s consumption of oil to rise 1.9% this year.
My current sentiment, precisely. Let's us repeat a motto:
Its the 'worldly' energy consumption, stupid!
Soaring prices for oil and more
Only it's different now, isn’t it? It sure is getting harder to live the same way, isn’t it? But, “like, everything’s gonna be all right though, won’t it dude? Won’t we be able to keep dancing like they do in those TV commercials, and keep buying all the neat products and services they tell me to purchase? If only I could afford it.” [more]
Kool Aid* is not that bad for you, ... lecture by Michael Crichton
*) cyanide-laced flavor-Aid version!
Have a look at this, ... but judge Newsweek and the author of the article!
THE FUTURE OF ENERGY
A Marine’s New Mission
... researchers from the California Institute of Technology and Stanford University asked 20 volunteers to taste and evaluate five wine samples, which were labeled according to price: $5, $10, $35, $45 and $90 a bottle. All of the volunteers identified themselves as moderate wine drinkers and not experts. [more]
... then read following story, ... but first, here is a snip of the ending - to whet your appetite!
... If McCain finally makes it to the White House, the U.S. will surely start new wars, and not just in the Middle East. With the world as his stage, the persona McCain has created—given visible expression by what Camille Paglia trenchantly described as “the over-intense eyes of Howard Hughes and the clenched, humorless jaw line of Nurse Diesel (from Mel Brooks’ Hitchcock parody, High Anxiety)”—will have every opportunity to act out his fantasies of soldierly greatness.
The Madness of John McCain
A militarist suffering from acute narcissism and armed with the Bush Doctrine is not fit to be commander in chief.
Long but quite enetertaining essay. Following is just snip of the ending. Link to full story at the bottom. Enjoy (... or not!), or just skip it! [more]
...Here are your most deeply inspiring news stories of the month:
A flurry of pink slips fluttered over the job sector as corporate payrolls were sliced like sour pie. Foreclosures are skyrocketing and new home sales across the nation are plummeting faster than Britney Spears' serotonin levels. A nasty recession is either creeping or flooding in, depending on your perspective and how recently you purchased your home and/or tried to dump your Google stock.
Meanwhile, the largest corporation in the world, the one which has consistently raked in the largest and most appalling profits of any organization on Earth, a company so powerful and deeply influential to the machinations of our own nation, our government, the globe, so ingrained and unstoppable that no president, no administration, no nuclear warhead to its CEO's home planet stands a chance of slowing it down or altering its behavior in any significant way because there is simply far, far too much money involved in its nefarious endeavors, has recently posted the largest profit of any company in American history.
Yes, the Exxon Mobil corporation sucked in a staggering $11.7 billion in a single quarter (more than $40 billion for the year, a new record for an American company) thanks largely to record-breaking prices for a barrel of oil, which are of course only record-breaking because, well, the Bush administration has essentially engineered the economy and launched a bogus war and desiccated the American idea exactly so they would be.
... when Maxwell speaks, one out to listen! First two of four parts: [more]
His [Bigg's] message: Listen to markets, learn from history and prepare for the worst.
Biggs's Tips for Rich: Expect War, Study Blitz, Mind Markets