Feeding the Beast (8/26) (via
Market Shadows)
Here’s this week’s MarketShadows August 26 2012: Feeding the Beast Excerpt: The rally on Friday was triggered by a letter released by Ben Bernanke to US Rep. Darrell Issa, which was also leaked to the WSJ: “Federal Reserve Chairman Ben Bernanke, in a letter responding to questions posed by U…
Bernanke, market, Ben Bernanke, household income, middle class, core cpi, median household income, cost-push inflation, Greece, Chairman Ben Bernanke, Darrell Issa, balance sheet, Karl Denninger, Federal Reserve, treasury rates, headline cpi, stock market, business model, long-term treasury bonds, upper income americans, well-below normal trin, mouthpiece jon hilsenrath, middle-tier median household, certain special insiders, minister antonis samaras, House oversight committee, Wall Street Journal, total systemic debt, 10-year us treasury, gradual pre-announced sales, 10-year treasury yield, December 2007 level, President Francois Hollande, Many middle class, grand new paradigm, labor-friendly economic policy, prices, World War II, fad-based business model, Greek political class, joint press conference, innovative new product, stock market beast, un-substitutable commodity prices, local spending power, commodity input prices, core consumer price, European Central Bank, new bls report, Harvard Business School
Financial Markets
America’s “Wartime Economy” in desperate need of a war and Nothinyahoo know this full well! His Sabre waving rants against Iran to churn oil stocks, promote arms sales, will not be enough – the MIC (Military Industrial Complex) needs a Chinese sanctioned engagement to survive, to gain the Chinese loans needed to keep it running a few more years. Unfortunately the South China Seas is a local, internal, almost “feud among friends”, no room for dramatic conquest, American or NATO intervention there, in spite of some older American boats there. Iran threatens China’s fuel tank – the South Azadegan Oil Fields they depend on – no cigar there. Feds have already reduced the PPP of the U.S. Dollar to $90.00 for only one barrel of foreign oil, and a whopping $1600.00 for one little Troy ounce of Gold, and almost out of reach of the “EROI” for the American workers, so that is out of the question. now the Agricultural wealth of America is under drought conditions, with predictions of more to come, no relief there. Latin America has no raging “socialist” confrontations, Brazil wisely flies French built and superior Mirage fighters, and forms defensive financial arrangements with China Russia Canada and the U.S. corporate world. China’s Chengdu. J-20 Mighty Dragon a very threatening plane for the U.S. can so be mega-mass produced by the much more powerful Chinese Industrial and manufacturing base than anything ever even imagined by a faltering U.S.A., so war with China or its Pan-Eurasian Alliances, Russia and even Iran would be foolhardy and go unfinanced by China who now holds the American purse strings. Source of money of last resort – the unemployable tool-less, dispossessed, disenfranchised, American people? Keeping in mind of course, that unlike their Chinese counter-parts with domestic nuclear sourced, electric bullet trains, they absolutely require Asian built(Chinese sub-assembled) 4 banger cars and very expensive foreign oil (paid for by loans from China) just to get to the factories? dark clouds on the Horizons for Americans for sure.
This is my favorite cut and paste!
“Had the $650 billions+ spent on Iraq, been spent on conventional Solar/Thermal development of South Western U.S.A. – Today, Americans would receive a ROI ( “Return On Investment”) in cheap electricity, in place of horrendous tax rates to service unpayable war debt to China. Americans would be gainfully working, using this renewable, perpetual, eternal, clean, radiation free, radioactive waste free, domestic, electricity source – to compete in world markets with well priced products, and much less foreign oil would have be imported fewer “Parasite Nations” supported. This is the lost “opportunity cost” for having Saddam’s scrotum on the Bushes mantlepiece? Shiite eh!”
P.S.,( oil wells do go dry, not really sourced from an eternal pipe up &Allah’s-ass, as some believe – But, the Sun never stops shining, Wind blows forever)
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