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cerebrate: When the Dow soared 936 points on October 13th its 11.1 % rise was its beat percentage go since 1933—an go which had occurred during the Great Depression. Five years after its 1933 historic advance the Dow Industrials were drink 90 % from its highs and in 1953 the Dow was comfort down 75 %. When speculative bubbles collapse the losses are staggering and prolonged. The 936 point rally on Monday will not be the only rally in this falling market. There will be more. There will be also more lows. We undergo not yet seen the bottom. We’re not even change state. That’s not the fat lady singing that you comprehend. It’s the sound of your have broker throwing up. FALSE OPTIMISMI experience exactly what investors felt after Monday’s rally. I felt the same false optimism when the Banker’s Bailout Bill was initially rejected. Previously. I had cynically predicted the Bailout Bill would go and when it was rejected. I was elated. My elation however was premature. In the end my cynicism proved correct. The $700 billion bank bailout bill was approved and signed within the week as I had predicted. The capitulation of public government to private bankers was now complete. In 1999 a $300 million lobbying effort by banks and insurance companies had overturned the 1933 Glass-Steagall Act an act specifically designed to prevent another Great Depression. Now because of its cancel banks and insurance companies were again allowed to bet the savings of Americans in their drive for profit without believe for consequence; and not surprisingly in less than a decade after its cancel. America is again on the verge of another depression. By their cancel of the Glass-Steagall Act the Democrats and Republicans sold out America; and now in three weeks on November 4th. Americans will again go to the polls and again choose for the same parties and politicians that sold them out. THE FACES OF THE POLITICIANS MAY BE DIFFERENTTHEIR OWNERS ARE NOTIn advanced sic failing democracies such as America both political parties are owned by the bankers who hold back the government and the nation by controlling the move of credit. Although the will of the American electorate was overwhelming opposed to the bank bailout account the President congressional leaders of both houses and both parties and the two presidential candidates were united in their support of the bailout bill and were consequently united in their opposition to the will of the people. Democracy n. Government of the sheep by the shepherds for the wolves. L. A. Rollins. The displease's Lexicon. THE CASINO OF PAPER MONEYOur show economy is best understood as a casino. In the casino house chips in varying denominations e g dollars euros pounds pesetas pesos yuan yen krona drachma won etc undergo been substituted for gold and silver. This is because the casino is run solely for the profit of the bankers; and through control and issuance of their cover chips the bankers are able to hold back much of what happens on the casino floor. The bankers make sure that the governments who air the cover chips do so at the direction of central banks. Through their affect over the central banks the bankers hold back the flow of chips without which the patrons cannot compete. Question: Who are the patrons and what role do they play in the casino?Answer: The patrons are the producers savers and entrepreneurs without whose activities the casino would come to a halt. In the casino they are known as marks suckers who give the on-going profits of the casino. The casino’s hidden skim: Through the constant issuance of cover chips governments insure the value of previously issued cover chips will fall thereby forcing patrons to assay their earnings at the casino tables in order to hold their paper savings and to perhaps gain by so doing. The casino’s hidden advantage; While the casino patrons sic marks can only bet their earnings and savings on a 1:1 basis in the private gaming rooms upstairs the casino owners are able to draw on house credit and leverage their bets by 20. 30 or even 40 times their original sum. What went wrong: After 1999 the casino owners began betting the savings of the downstairs patrons (bank savings deposits and insurance investments allowed by the repeal of Glass-Steagall) and bet this money on subprime CDOs credit-default swaps derivatives emerging market equities commodities etc and used accommodate ascribe to supplement their bets far beyond the original amounts. At first winnings skyrocketed driven by the vast amounts of leveraged money available from the repeal of Glass-Steagall providing even more incentive for the casino owners to borrow and wager even more. But in 2007 the luck of the house changedEven in rigged games if the sums bet are large enough the losses can be staggering and can break the bank sic the accommodate/casino. With bets leveraged 40:1 a fall of only 2.5 % completely wipes out the bettor. A go of 100 % takes out not only the bettor but the enormous be of credit extended to the bettor by the accommodate. Some of the losses incurred by subprime CDOs are as high as 90 %. The losses on Lehman’s bonds are over 90 %. The reason why financial markets are in such trouble is the trillions of dollars in credit extended by the banks is now gone and as a consequence almost all banks are impoverish. With the casino now broke governments undergo announced that they ordain pledge the value of all paper chips issued by the casino. Governments do not want bettors to cash in their paper chips because they know the banks are broke and do not have the cash to cover either their bets and/or the chips they issued. Now the casino patrons are being forced to subsidize the casino while their governments are frantically issuing more chips hoping that by so doing the now terrified patrons will return to the now empty tables and continue to bet what little they have left. Good luck. THE END OF AN ERAThe failure of our credit based capital markets and our democratic process is symptomatic of the changes taking displace on our planet. The bankers’ system of paper money has so undermined all commercial activity along with our political institutions that the flaws of both are now obvious to all. The bankers’ system of credit and paper money began in England in 1694 was moved to the US in 1913 and from there spread to the rest of the world much like STDs. Debt and worthless money like sexually transmitted diseases are unintended results of initially pleasurable activity in this inspect economic expansion. Unfortunately there is no penicillin that can cure our ailing economy; and the ones responsible the bankers are mistakenly hoped by many to have the answers. They don’t. They made the problems and will only make them worse. Wait and see. At the end of eras institutions are open incapable of providing the solutions and answers they once did. Capitalism which drove economic expansion for 250 years is now stumbling and has fallen on its own sword debt which it once used to enslave others; and democracy previously the wish of mankind has become a caricature of the wish it once promised. BETTER TIMES ARE COMINGThe end of eras are always succeeded by the beginning of another. Endings however are meant to clear away the old in request to alter way for the new. We are seeing the collapse of that which is familiar. It has been an extraordinary era and its ending will be no less so. Buckminster Fuller in his introduction to The Critical Path in 1981 wrote:Twilight of theWorld’s cater StructuresHumanity is moving ever deeper into crisis—a crisis without precedent. First it is a crisis brought about by cosmic evolution irrevocably intent upon completely transforming omnidisintegrated humanity from a complex of around-the-world remotely deployed-from-one-another differently colored differently credoed differently cultured differently communicating and differently competing entities into a complete integrated comprehensively interconsiderate harmonious whole. Second we are in an unprecedented crisis because cosmic evolution is also irrevocably intent upon making omni-integrated humanity omnisuccessful able to be sustainingly at an unprecedentedly higher standard of living for all Earthians than has ever been experienced by any;. that humanity now—for the first time in history—has the realistic opportunity to help evolution do what it is inexorably intent on doing—converting all humanity into one harmonious world family and making that family sustainingly economically successful. In 1981. Fuller predicted our present crisis. He also predicted its successful outcome. We are now in the crisis he predicted. You will not survive by hanging onto the old. You ordain survive by letting go. Buy gold buy plate have faith. exceed times are coming. Note: I will be speaking at Professor Fekete’s measure session of Gold Standard University Live to be held in Canberra. Australia from November 11th to the 14th. The cerebrate of the session will be trading the gold and silver basis for profit. For further details contact. Darryl Robert Schoon Alan Greenspan the chairman of the Fed from 1987 to 2006 was in the vanguard of this believe. In his book. “The Age of Turbulence” (2007) he welcomed the growth of CDSs arguing: “Being able to acquire from the loan transaction but transfer credit risk is a boon to banks and other financial intermediaries which in request to alter an adequate evaluate of return on equity have to heavily leverage their balance sheets by accepting fasten obligations and/or incurring debt. A merchandise vehicle for transferring risk away from these highly leveraged give originators can be critical for economic stability especially in a global environment.”

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(As reported on )COSTA RICA — Online betting sites are now accepting wagers on whether Joe Biden will be replaced by Hillary Clinton on the 2008 Democratic ticket.  As you know there have been rumors that Joe Biden will step-down from the campaign on October 5th paving the way for Clinton to step on-board with Barack Obama. The most likey reason for his departure from the campaign would be medical-related an excuse that would allow him to walk-off with dignity and reunite the party’s dis-enfranchised Clinton supporters. “I think it would be a tremendous opportunity for the Democrats to unite behind Clinton and Obama.  The party has a much greater chance of winning the election with Hillary on the ticket” says Jennifer Freeland a Democratic Party strategist and long-time Clinton supporter. When we asked Republicans what they thought of an exit from the campaign by Joe Biden due to medical reasons they said. “We don’t want Biden to leave the campaign. Each passing day he makes a bigger fool out of himself.  The medical reason could be his asthma the same thing that kept him out of Vietnam”. Other Republicans said. “I really doubt Hillary would accept the VP nomination at this point.  She wouldn’t want to be part of the disastrous presidency that would occur under Obama”. It doesn’t matter what your political opinions may be there is no denying this is the most exciting Presidential race in the nation’s history. Online casinos are helping add excitement with these realistic prop-bet scenarios.  Gamblers can wager up to $1,000 on each bet. Copyright © 2008. Southern Gaming and Destinations. ALL RIGHTS RESERVED. Southern Gaming and Destinations Magazine encourages you to gamble responsibly. If you or someone you know has a gambling problem please call 1–888–777–9696. In addition the information and content on this web-site is for informational purposes only and not to be used in violation of any federal state or local laws.

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The Football Association is yet to end whether to take any action against Chelsea’s John Terry after an incident at Man Utd on Sunday. overlap and apply:These icons cerebrate to social bookmarking sites where readers can share and discover new web pages.

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Three more populate have been charged in connection with an armed robbery at a Gloucester betting shop. Several hundred pounds were stolen when two men one armed with a gun targeted the premises on 24 February. A 26-year-old woman and a 19-year-old man both from Gloucester and a man aged 21 from Westbury on Severn are charged with conspiracy to rob. An 18-year-old man from Gloucester had previously been charged with robbery from the obtain in Oxford Street. This entry was posted on Tuesday. September 11th. 2007 at 12:41 pmand is filed under. You can go any responses to this entry through the comments cater. Both comments and pings are currently closed.

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