EARTHQUAKE PREDICTION CAME TRUE EXACTLY AS PREDICTED: Posted: September 29, 2009; 9:54 PM, EST
The earthquake prediction posted below came true today exactly as predicted three years ago! Today a whopping 8.0 magnitude earthquake and tsunami, one of the strongest earthquakes for 2009, struck U.S. Saoma Islands in the South Pacific 3 hours and 7 minutes after our predicted date and time of a major earthquake 7.0 or greater manitude to strike somewhere in the world on September 29, 2009 at about the time of the 2009 solar return of the earthquake dream of September 30, 2006, which falls on today, September 29, 2009 at about 4:55 PM, EST (8:55 PM UTC). For more details and information, please visit USGS website or click on:
Posted: September 30, 2009; 10:50 AM, EST
A second earthquake occurred on Wednesday, September 30, 2009 at 10:16 AM UTC (6:16 AM EST) that struck Southern Sumatra, Indonesia at a whopping 7.9 magnitude that was down graded by USGS to 7.6 magnitude. This earthquake occurred 13 hours and 21 minutes after our earthquake prediction date and time of September 29, 2009; 8:55 PM UTC (4:55 PM, EST) made three full years ago. For more information on this earthquake please visit USGS website or click on http://earthquake.usgs.gov/eqcenter/recenteqsww/Quakes/us2009mebz.php
Posted: October 1, 2009; 9:13 PM, EST
Three noteworthy earthquakes struck the planet today! 6.8 magnitude in Southern Sumatra, Indonesia in a region that is different from the region where the 7.6 magnitude quake struck Indonesia yesterday, 6.3 magnitude in Tonga and 5.1 magnitude earthquake in Central California 7 miles south of Keeler. We are experiencing a perturbation of the planet earth, most likely caused by cosmic forces. For more information on these new earthquakes, please visit USGS website or click:
Posted: October 8, 2009; 9:19 AM, EST (-0400 UTC)
At least seven (7) noteworthy earthquakes struck the planet today! 7.8, 7.7, 7.3, 6.8, 6.6, 6.5 magnitudes in Vanuata and Santa Cruz Islands, South Pacific and 6.7 in the Celebes Sea in the Philippines sending tsunami(s) toward Australia and the Hawaiian Islands. These earthquake activities are extremely unusual. We have never seen earthquakes go off in such a coordinated manner in less than a 9 day period. For more information, please visit USGS website or click the following links within the next few days:
Posted: October 28, 2009; 2:16 PM, EST (- 0400 UTC)
7.3 magnitude earthquake in Banda Sea, Indonesia, as reported by almost all major media sources on October 24, 2009, was downgraded to 7.0 magnitude and now stands at a mere 6.9 magnitude. See:
The initial magnitudes of these earthquakes (some reported above) have been downgraded by USGS, watering down their empirical, sociopolitical and economic significance.
EARTHQUAKE PREDICTION: Posted: August 31, 2009; 4:00 PM, EST
The third anniversary of the Earthquake Dream of September 30, 2006 that started this webpage falls on September 30, 2009; thirty (30) days from now! The solar return of that dream is on September 29, 2009 at about 4:55 PM, EST (8:55 PM, GMT). (Solar return is the date and time when the Sun returns to the exact degree position of any start or birth date.) We are expecting a major earthquake (tsunami and/or volcanic eruption) to occur somewhere in the world at 7.0 magnitude or greater, or 6.0 magnitide or greater for earthquakes affecting a major city, town or populated center somewhere in the world. This may happen within plus or minus 24 hours of September 29, 2009; 4:55 (8:55 PM, GMT) as a confirmation and an affirmation of the continuing effects and validity of the predictive, yet illusive dream of September 30, 2006. Similar earthquakes occurred on September 30, 2007 and September 30, 2008. Experience the power of sailing into an unknown future by making a note of this earthquake prediction date and tracking it for manifestation on or about September 29-30, 2009. The chain of events that you might experience is unbelievability, shocking new found belief, then outright rejection and denial clinging tightly to the socially acceptable scientific paradigm of reality for reasons of self preservation. Join us in our exploration of the mystery of an unknown universe, then ask yourself the question, is life on Earth fated, and if so, then what is the role of free will? Do we really have free will or are we subject to the manipulations of the planets and stars? Mark the earthquake prediction star date of September 29-30, 2009 in your calendars now, and let's watch together as the future unfolds.
NO MONEY; NO HOPE!
Credit as an Effective Barrier to Employment & Tax Incentives to Help the Protracted Unemployed - MUST READ FOR POLICY MAKERS
First Posted: August 31, 2009; 11:11 AM, EST; Updated: October 19, 2009
The Bush inspired post 9-11 New World Order didn't make the world a better place - it loosened, unraveled and in some cases destroyed some of the basic structure, pillars and fabric of society that faithfully served the American people for many decades. For example, in today's world, no man can buy or sell or get a decent job in the United States without having good credit, which many people in the United States do not have because they have no money. If you are marked in the United States through unemployment or low wages as having no credit, you will never get a decent job until you get good credit, especially for jobs in the insurance, banking and financial industries. It's a catch 22, chicken and the egg story: no money, no credit; no credit, no job; no job, no hope; no money for economic households mean no credit, no job, no social or economic change or justice! Advances in technology, communications and the internet have provided the financial world with tools and techniques not available or administratively possible in the pre-20th century world that allow these corporations and financial institutions to more effectively punish people who fail to make payments on time while major banks aggressively and recklessly promote credit card use and spending to claim a larger percentage of a household's disposable income. In fact, the global banking industry of the modern world order has dictated to the governments and congresses of the world that no man should work if he does not have good credit in order to secure repayment from those who are working, making a mockery and an example of those who are homeless and on the unemployment and soup kitchen lines. In this regard, federal regulations under the Fair Credit Reporting Act (FCRA) U.S.C. §1681 et seq. tacitly allows employers in the United States to lawfully discriminate against prospective employees based solely on their unpaid bills or outstanding credit liabilities. U.S. financial and labor laws are at its finest when they promote human dignity by disallowing job descrimination on the basis of race, sex, age, religion, etc., but are at its worst when they deny people employment by allowing job descrimination based on credit under the Fair Credit Reporting Act. It's time to repeal, amend or modify FCRA. It denies people jobs, break up families and drive people homeless in a silence, quiet and tacit way. There is nothing "fair" about the Fair Credit Reporting Act. It is one of the most job descriminating piece of legislation that the U.S. Congress has ever been passed in that it pits bankers and the entire U.S. financial system against the job seeking public. In this regard, you will be denied employment in the United States if you do not pay your bills on time. In this way, your career and employment is tied (i.e., married) to your credit standing and creditworthiness. And in this sense, it is a blind form of electronic slavery. What is worst is that people in the United States and the world over accept this unnecessary social malady as a normal way of living. They do not see anything wrong with the system. Hence, there is no public outcry or protest (just silent suffering by those who do not have good credit) primarily because there is no awareness of the problem because people have become accustomed to living under a new financial system that fosters a lower set of social and moral values because most people believe that their voice, input and opinion can make no difference in the present world order. In fact, the executive, legislative and judicial arms of the US government do not find anything wrong with the system that the banks pushed through Congress in the 1970s. And no religion in the land will voice an opinion on the matter; they never do - God can only speak through the laws of the US Congress, the courts and the president, never through the actual experiences of the people who carry these crosses. It is Old England's debtors' jail brought back into the modern times with the state avoiding the cost and embarrassment of imprisoning the debtor; the debtor is punished in the modern world by being denied employment and hope for a better job or future. For example, it is not unusual in the US to hear people say, 'I need to improve my credit score to get a job'. What is worst is that all governments around the world seem to have accepted or adopted this medieval concept of social justice. It is a major cause of unemployment for many people in the U.S., but the government will not accept or recognize it, since no senator or representative wants to go up against the banking lobby on this matter. When you apply for a job online with most large US companies and government agencies, you are involuntarily forced to give the prospective employer permission, i.e., the right to check your background and credit for "pre-employment assessment and evaluation" or you will not be allowed to enter their job website to apply for that job. The computer then takes over and runs your name against a ton of credit, background check and other private and public databases to assess your suitable for working with the company. This may include databases that have any job related personality, cognitive behavior or character assessment profiles and questionnaires that you might have completed with another employer in the past where private third party companies hold and sells your questionnaire results under exclusive intellectual property rights to the company that you apply to in order to determine if you are a good fit for the company before the hiring manager or recruiter even sees your online application, thereby giving the recruiter or employer "electronic pre-employment assessments" of your credit risk, impersonation risk, character profile and other confidential personal information, which should all be illegal, since the job applicant never sees this information and do not know how data gathered from private and public databases are being used to deny them employment. It is a one way street in favor of the employer with no countervailing legislation being considered to level the playing field between the employer and job seeker. For example, Nexus Lexus pre-employment subscription service to which most governments and large companies subscribe automatically tells the employer through automated processes in an instant if they should hire or interview an applicant based solely on credit, education and other background check factors, much of which can be erroneous, and you the job seeker is never given access to the information that they collect and use in making hiring decisions because US laws do not require transparency or sharing of employment data with the job seeker, except under very limited conditions of the FCRA, which many employers ignore to limit lawsuits and liability. Employment prospects in the United States are not based on skills and ability to do the work that is the hallmark of a system of meritocracy, they are equally tempered against one's social and economic standing defined through factors such as creditworthiness, even though there is no relationship or correlation between credit standing and job performance or ability to do the work, but US federal laws have unwittedly made it so. In other words, many of the people who are not working in the U.S. economy today are locked out of the system because reports from a private company such as Nexus Lexus, which the job seeker never sees says that they are not employable. On one extreme you have 'too big to fail' - a new concept and ideal for American capitalism that secures control for those already in power, while on the other extreme you have 'too destitute and poor for us to do anything about' pointing the way for a new future and a vain promise for a brighter tomorrow. How can they justify writing checks for themselves for $700 billion and let the rest of America suffer? In October 2009, there were 82 home foreclosures in a seven day period for one county in Florida alone (Lee County), i.e., about 320 home foreclosures per month.
According to statistics released by the Southwest Florida Real Estate Investors Association, there were 1,610 mortgage foreclosure lawsuits filed in Lee County in September 2009, down slightly from August's 1,692 and sharply off the near-record 2,462 from September 2008.
Are governments, institutions and corporate administrative entities and interest more important than the people they serve? The moral standards at the start of the third millennium under this new world order seems more uncaring than those of pre-18th century feudal societies because people today are more concerned with money and wealth accumulation as a means of economic survival rather than quality of life, values, culture or heritage. Yet, through corporate controlled mass media and advances in science and technology that serve not the poor or masses of the people of the world, but those who can afford their benefits which the poor must finance through low labor wages, blood, sweat and tears, we are duped and doped into thinking and believing that that is not the case. That is the problem of the modern world, everything depends strictly upon money, including one's own social, economic and personal well being and survival, no longer is money tempered by the bounty of the land, local ingenuity and manufacture, community, tribe, culture, heritage, character or values. Our economic survival is strictly tied to money and credit, yet we must all walk around pretending that that's not the case. When money is taken away from us in any form, we all fall down, unable to perform and function, unable to move, unable to live, while our existence relies not on money but on the sun and our place in the solar system, which most people don't even know exist because they are so caught up in their own little social bubble and self-centered domain of existence! Our point is simple, job descrimination based on credit should be illegal. If a person has bad credit or does not pay his or her bills on time for whatever reasons, good or bad, that person should be denied loans and credit not a job. It is unfair and unjust to tie (i.e., marry) credit to employment; there is no social, religious or moral basis for it; it hurts the individual and the economy. Until we solve this problem and get back to instituting basic social and moral values in all our relationships between the powerful and the small, many people will remain unemployed and not move up the ladder for lack of having good credit. Banking and financial credit standing should never be used as a barometer or measure to judge and assess the value and intrinsic worth of the individual, particularly as it relates to employment.
F-22 CRASHES OUTSIDE EDWARDS AIR FORCE BASE IN CALIFORNIA: Posted: March 25, 2009; 7:06 PM, EST
The crash of this F-22 adds to our list of planes falling from the sky during this Jupiter in Capricorn transit period. See: Bloomberg, BBC, LATimes, CNN,
ASTEROID FALLS TO EARTH OCTOBER 6, 2008
A report released today (03/25/09) by the British journal Nature stated that a car size asteroid slammed into Earth on October 6, 2008. The asteroid was discovered less than 13 hours before impact in Sudan. See: BBC, Scientists Grab Piece of Asteroid,
IMPACT OF JUPITER TRANSIT IN CAPRICORN IN SIDEREAL ZODIAC: Posted: March 24, 2009; 10:36 AM, EST
The impact of Jupiter in Capricorn in a fall position continue to impress us throughout its intensified and critical fall degree positions in the Sidereal Zodiac.
STOCK MARKET FALLS MARCH 9, 2009 TO 12 YEAR LOW!
As defined below, and as predicted on January 7, 2008, we witnessed another fall in the domestic and international stock markets with the Dow Jones Industrial Average reaching a 12 year low falling to 6,547.05 on March 9, 2009 and the S&P500 dropping 1% to 767.53 (See: Bloomberg & Economist).
Significant falls were experienced elsewhere as well.
Madoff (a mature person and leading investor with universal appeal that is now despised by others) fell during this fall period and was brought to justice for his billion dollar ponzi scheme. His image matches our January 2008 prediction very well - see 2008 Prediction.
THE SKY IS FALLING!
We noted that a lot of "stuff" fell from the sky during the critical degrees of the fall period starting with the F-18 Military jet that crashed in a San Diego housing community in December 2008 killing 2 people. This started a trend of "planes falling from the sky" that was followed by the Miracle on the Hudson involving USAirway Flight 1549 that saved the lives of 155 passengers and crew, the fatal crash of Continental Flight 3407 in Clarence, Buffalo, New York killing all 50 on board, a Fedex Cargo plane crash in Tokyo, Japan killing a crew of two, 17 killed in a plane crash in Montana, a Turkish plane crash in Amsterdam on February 25, 2009 killing 9 and injuring 55, a chopper crash in Canada on March 14, 2009 killing 17, A military plane crashes in Ecuador on March 20, 2009 killing at least seven (7) people, a plane carrying African Union peacekeeping force crashed in Lake Victoria after taking off on March 9, 2009 killing 11, a plane crash in Santa Fe, New Mexico on March 9, 2009 killing 2 people, meteor falls from the sky in Texas, satellites collide in space, two nuclear submarines collide, and a failed satellite falls back to earth.
FUTURE CRITICAL FALL PERIODS
Three critical fall periods that will close out this fall transit are April 24 - 30, 2009 just before Jupiter enters Aquarius before retrograding in the Sidereal Zodiac, July 3 - August 7, 2009 and finally December 14 - December 19, 2009. Judging from this experience, awareness should be raised during these critical fall periods exercising sound judgment and caution for airline safety.
7.2 MAGNITUDE EARTHQUAKE STRIKES INDONESIA WHILE JUPITER TRANSITS 15º CAPRICORN IN SIDEREAL ZODIAC: Posted: February 12, 2009; 4:04 PM, EST
SEE: USGS DataSheet
NEWS: IBT, AFP, FOX, NOAA TSUNAMI ALERT
Will the predicted major earthquake strike north of the center of the USA within the next 5-21 days?
See note below. Also see WDJ.
JUPITER CROSSES CRITICAL FALL DEGREE IN SIDEREAL ZODIAC: February 12-16, 2009:
Posted: February 7, 2009; 9:07 AM, EST
Last year when Jupiter crossed the critical fall degree (15º) in Capricorn in the Tropical Zodiac, we experienced a collapse of domestic and international stock markets that had been predicted on January 7, 2008 at Jupiter In Fall Position. Also see Credit Crisis.
1) February 26 - March 3, 2008*;
2) July 20-30, 2008*; and
3) October 18-27, 2008*
* - Fall/collapse of domestic & int'l stock markets. Fall/collapse
of large corporation(s) and political and/or corporate leaders.
1) February 12-16, 2009**
**- Fall/collapse of great (king-like) mature beloved intelligent universal male leader, politician, company and/or industry committed to film, religion, politics and business opposed by ideas of leader of self-centered athletically aggressive agricultural people-based group.
See: Jupiter Crosses Fall Position.
ATTRIBUTES OF THE FALL
We cannot say for sure what this corresponding five (5) day fall period in the Sidereal Zodiac shall bring in terms of FALL, A FALLING AWAY or COLLAPSE. However, we can identify certain attributes that may characterize the period as follows:-
1) Affect older, mature, seasoned, experienced or a veteran at what-one-does-type-person or people who are leaders/matriarch/patriarch of their group, families and communities, some passing away (Jupiter in Capricorn), some literally and figuratively coming back to life (see 6 below);
2) Emphasize universal theme and effects; crumpling of the old guards, system and order to make way for the new (universal effect of Jupiter in Capricorn in the Sidereal Zodiac);
3) Demonstrate strong effects in Tropical regions of the world, particularly south and immediately north of the equator (Sidereal Zodiac influence);
4) Sudden change in luck when facing a dire situation; for example, US Airways Flight #1549 (Part of Fortune conjunct Uranus and Sun);
5) Sudden break in tradition, breaking of agreements, contracts, marriage proposals, partnerships and treaties (Vesta squares South Node, North Node, Juno and Jupiter);
6) Resurrection from the dead or being pulled out of a deadly crisis or situation! The recent bad winter weather in the northern hemisphere, California receiving strong rain fall in a time of desperate drought, Economic Stimulus Package in the US and recent US Airways plane crash and survival in the Hudson River in New York are sound examples. This shall also manifest on the personal/individual levels as well in areas of career (job loss and recoveries) and health (back/skin/bones/teeth). (Pluto conjunct Lilith trine Part of Fortune);
7) Possible rise in the US domestic and international stock markets at the end of the fall period on COB February 17, 2009 (Libra rising, Part of Fortune in Cancer on Mid-Heaven; Moon at 7º of Scorpio in the 2nd House virtually assures it), and again on May 1, 2009 and December 20, 2009;
8) Exaltation of astrology over traditional - methods of knowing (Uranus in Aquarius opposes Saturn in Leo).
EFFECTS OF THE FALL
With Venus in Pisces and Lilith in Sagittarius trining (120º) the Part of Fortune in Aquarius in the Sidereal Zodiac at the start of the critical fall period, this means that not all falls shall be bad or malefic, as it was in October '08 under more austere celestial alignments. Some will be good or fortuitous. In others words, some things that we want to fall shall fade away – the weather for example (bad winters in the north, hot summers in the south - Australia).
SHORT TERM ECONOMIC OUTLOOK
For those seeking a bottom or end to the current financial crisis, look no further! King Jupiter's transit of the midpoint of Capricorn in the Sidereal Zodiac brings much needed relief. From hereon things should improve in markets and the global economy. Jupiter ingress into Aquarius in the Sidereal Zodiac on May 1, 2009 brings a new economic reality to the USA and global economy. The period from February 17, 2009 to May 1, 2009 is an economic transition period that will usher in New Hope by May 1, 2009. The problems with the US economy however are not to be minimized. As CNN recently reported, the problem goes beyond layoffs. A hiring freeze is now in place at most US companies giving job seekers no where to go, causing a virtual backup on the unemployment line. Nevertheless, fear mongering is fear mongering in critical crisis situations whether done by Democrats or the Republican Party. Let the Bill be examined by all. Negotiate on the issues with an attitude of openness, fairness, reason and compromise, not from a position of strength, power, faith or personality.
IMPACT ON EARTHQUAKES & NATURAL DISASTERS
This 5 day fall period could trigger severe earthquakes (7.0 magnitude or greater) in unexpected places around the world (non-earthquake risk zones), including in the USA and Canada (near the area spanning 43ºN, 96ºW up to the Canadian border reaching over to the Greater Chicago Area ), which is a form of falling or collapse of the Earth upon itself that could involve volcanoes in some regions of the world! We recently witnessed one example involving a 3.0 Magnitude Earthquake in the Greater New York Area of New Jersey; two 4.8 magnitude earthquakes since January in the relatively inactive Red Sea and several smaller quakes (2.5 – 3.2) literally marching in a straight line across the face/middle of the United States between January and the first week of February 2009! This should be a time of increased earthquake awareness, watchfulness and vigilance, not a time to stick one's head in the sand or argue about right or wrong – time may be of the essence in addressing unwelcome natural disaster situations! 1, 2, 3, All Fall Down! See: NorthCentralUSA, East of CenterUSA and WDJ - WDJ-Index
The critical five (5) day fall period starts Thursday, February 12, 2009; 2:41 PM, EST and ends on the newly revised date of Monday, February 16, 2009; 10:14 PM, EST. While this is the exact transit for the 15º fall position, the effects will be felt long before and after this time period by as much as an additional 7-21 days as we apply and separate out of the critical fall degree position in Sidereal Capricorn. For some people the effects will come sooner, for others much later, but fall we must, especially when functioning in the Sidereal Zodiac where fate oftentimes rule things!
EFFECT OF RETROGRADE
Jupiter enters a new sign (Aquarius) in the Sidereal Zodiac on May 1, 2009. Note however that Jupiters retrogrades (goes back) to Sidereal Capricorn on July 31, 2009 going direct on or about October 13, 2009. Jupiter stays in Sidereal Capricorn from July 31, 2009 to December 19, 2009 and does not re-enter Aquarius in the Sidereal Zodiac until about December 20, 2009. The good news is that while the Jupiter retrograde period will bring back memories of the past, forcing us to fix or re-do things not properly done in the past, Jupiter will not transit the critical 15 degree fall position during the retrograde period; hence, we will not experience the extremes of what we experienced in the Tropical (October 2008) and Sidereal (February 2009) critical fall periods.
STOCK MARKET CRASH OF 1987 & 2008 Written: October 11, 2008, 12:32 PM, EST
Robert Prechter of Elliott Wave International, Atlanta, Georgia correctly predicted the stock market crash of 1987 commonly known as BLACK MONDAY. As posted on YouTube in January 2008, Robert Prechter correctly assesses the cause of the 2007 slip in stock market values that occurred on October 19, 2007, which are the same reasons driving the stock market crash of October 9th, 2008, that is a loss of purchasing power of the dollar propped up by under priced credit markets – i.e., massive credit inflation, which has artificially held up the value of the dollar through the lowering of interest rates that began under Greenspan around the turn of the Century in the years 1999-2000.
Robert Prechter's analysis was aired on Bloomberg “Open Exchange” on October 19, 2007 (11:30 AM EST) when the stock market fell by 1½% on the 20th Anniversary of the 1987 Stock Market Crash – Black Monday! Ten days earlier on October 9, 2007, the stock market had reached an historic high of 14,164 points. Exactly one year to that date on October 9, 2008, the stock market crashed losing nearly 40% of its value forcing today's meeting of the G-7 (excluding Russia) and G-20 nations in Washington, DC.
To hear Robert Prechter's analysis of what caused the 2007 1½% slip in stock market values, which is very much in line with our assessment posted at When All Else Fails, please visit: https://www.youtube.com/watch?v=SjS60TaD_J8
THE PARTY IS OVER! Written: September 28, 2008; 5:55 PM, EST
Secretary Paulson “will not” get the $700 billion asked for to bail out Wall Street.
The Congress has moved wisely to restrict that monstrous outlay of taxpayers' money.
Only $250 billion will be approved now to deal with the financial crisis and every $50 billion thereafter will need Congressional oversight and approval.
Congressional oversight will be established over the disbursement of $250 billion, and draconian powers requested by the Treasury Secretary that would allow the Bush Administration to do as it likes with $700 billion without question has been removed.
The full details of the plan are being released to the public. You may go to the “House Financial Services Committee” to learn more about the plan at:
Emergency Economic Stabilization Act of 2008
Summary of Emergency Economic Stabilization Act of 2008
Section-by-Section of Emergency Economic Stabilization Act of 200
WHY CONGRESS SHOULD NOT BAIL OUT WALL STREET?
Written: September 23, 2008; 8:45 PM EST
The Congress should not buy into Henry Paulson's $700+ billion plan to bail out Wall Street. This is the biggest con-game that has ever been played on the American people. The doom and gloom that Henry Paulson and Ben Bernanke are predicting will not happen. Yes, there will be a fall out, but not half as bad as they are predicting. The Fed and the Treasury are still not dealing with the problem at the systemic level, which is that of the American homeowner. When they do that, all will be well. Of the total mortgages on banks' books, net previous write-downs, about 75%-80% are good, 10% needs restructuring and about 10%-15% needs to be further written off. This is something that can be worked out. The Congress needs to spend more time scrutinizing the plan by gaining a better understanding of the composition of the mortgage portfolio for financial institutions requesting help that must include cash flows, collection/repayment rates, default rates and total non-performing and non-accruing assets before making a decision. This basic financial information that the Treasury has in its possession should be made available to the American people to justify any plan adopted by Congress. Any plan approved by Congress must send a strong message to Wall Street that much pain and suffering would be part of the remedy as well. Wall Street should not be made whole sticking the bill to future generations of America people. If the Congress does not get this bill right, it will go down in American history as the World Biggest Political and Economic Blunder. This is not a bail out - it is outright theft of American tax payers' dollars!
In banking, when a bank makes a loan, cash goes out the door in exchange for accurate and verifiable information on the company or individual's business and affairs. Other than security interest, all that a financial institution has when it makes a loan is information on the borrower and a "promise" to pay. In this case, the Congress is given no information, only a 3 page document, and are being asked by the Treasury and the Fed to commit $700+ billion of taxpayers money with no security interest and no information on how this money is going to be paid back or spent/invested for the benefit of the "American people". Try that at your local car dealer or with your friends. It doesn't work and makes no sense at all. The Congress should know what it (the American people) is getting in exchange for $700+ billion. After the money goes out the door, the Congress is stuck and no information will be given by the Fed or Treasury on the disposition of the funds or how the American people will benefit in the short and long run. The Congress needs to play the role of "Banker" on behalf of the American people. They should put on their banking hat when evaluating this proposal, which to date they have not done.
THE RISE OF THE FOURTH REICH Posted: December 3, 2008; 10:08 PM EST
Jim Marrs -- New York Times Bestselling Author #18 of the recently published book, "THE RISE OF THE FOURTH REICH: The Secret Societies That Threathen to Take Over America", states on page 34 that "A successful political movement requires money, lots of it. There is no question that Hitler's rise to power rested heavily on the support of the major ... banks." In discussing Ratlines, the $700 billion bailout may be the biggest piece of cheese that the rats have bitten, now the traps may go off. Large black circle or spot on the back of a white sheep dog.
According to Reuters, Germany says U.S. will lose financial superpower status.
WAR FUNDING OR WALL STREET BAIL OUT? Written: September 25, 2008; 2:13 AM EST
$700 billion dollars is a staggering amount of money. It is the kind of financing that governments need to start a major war in the world. It is certainly enough to support the war in Iraq for another 6-10 years. Do the math: $700 billion divided by $10 billion per month for 6-10 years on average of about 96 months. $700 billion seems far more than would be needed to solve the mortgage crisis, estimated at perhaps about $200-$300 billion, which can be done legislatively costing no money at all by allowing bankruptcy judges to restructure or extend mortgage terms from 30 to 40 years fixed. Could the crisis on Wall Street have been staged to force Congress to hurriedly approve the Bail Out Plan, right before Congress goes on break, without knowing the true facts and details of The Rescue Plan or how the money would be spent once Treasury gets Congressional approval?
Mrs. Bush said it well when she said 'we must maintain our support of funding around the world and after that the markets will settle'. Source: CNN Morning News.
Lipstick on a pig?
WHAT SHOULD CONGRESS DO? Written: September 23, 2008; 8:45 PM EST
More consideration, deliberation and discussions are needed before making a decision. The Congress needs to do some in depth financial analysis and soul searching. Each Congress person in both the House and the Senate must feel 100% comfortable with the up- and downside of their decision before they cast their vote. All questions and request for information by the Congress must be addressed before money goes out the door. Congress needs to perform proper due diligence and appraisal of Secretary Paulson and Chairman Bernanke's proposal and should not be pressured into making a quick decision. At a minimum, Congress owes this to the American people more than anything else.
Henry Paulson and Ben Bernanke should be asked to present alternative options for the Congress to consider that more fully considers the needs of the American people.
It is not a question of voting down the plan, it is a question of finding the right solution, one that will work, and that usually takes time, especially when large sums of money are involved.
Lowering interest rates over the past 8 years did not prevent the stock market from failing and neither will this massive bailout do the trick unless it is properly structured and designed to fit the problem.
Congress should go on its planned break this weekend and consider the Treasury's proposal when they return; the world will not fall apart; the sky will not cave in on us.
Congress is working on the problem, let Wall Street wait!
WHAT CAUSED THE GLOBAL FINANCIAL MELTDOWN & HOW TO FIX IT?
Written: September 18, 2008; 4:24 PM EST
In light of all that is happening on Wall Street this week, at this date and at this time, with the Dow Jones Industrial Average falling a record 1000 points to about 10,500, we need to comment on the global financial crisis that has been plaguing the U.S. economy and offer some sensible solutions on how to fix it. What is definitely not being discussed in the news media is what caused the financial crisis and how to fix it? Everyone instead is looking for “a bottom” in the market by being reactive and descriptive of unfolding events, but this does not help much. Until we address the root cause of the problem we will not find a sensible or workable solution. Passing the buck or blaming others does not help at this critical stage and juncture of the game, and our lawmakers know that.
It is common knowledge that the credit crunch is caused by the mortgage crisis, fueled by low interest rates, a weak dollar and high gas prices that seriously threatens to fuel domestic and global inflation in the wake of Hurricane Ike and the impact that that hurricane has had on the national oil distribution system emanating out of Galveston and Houston, Texas.
IS INCREASED REGULATIONS THE CAUSE OR SOLUTION OR JUST A SMOKE SCREEN TO DIVERT ATTENTION AWAY FROM THE ENSUING PROBLEM?
We had Sarbanes-Oxley after 9-11, which aggravated financial markets and did nothing to stop corruption, detect fraud, reduce political back-dealing or prevent institutional failures, primarily because it was not intended or designed to do those things. Sarbanes-Oxley was really much ado about nothing. In essence, it was a mere rewriting and attempted standardization of extant accounting rules, regulations and best practices that were already in the system with the narrowly defined focus of attempting to scientifically (meaning statistically through group classification) control and hold Wall Street banks and companies accountable to a higher standard of reporting and stewardship, which ultimately failed.
Hence, in light of the current financial crisis and the 9-11 style Regulatory Commission (Failed Sarbanes-Oxley rewritten again?) that Senator McCain has respectfully called for to “investigate” what went wrong and fix it, we should be very careful not to repeat the mistakes of the past that Sarbanes-Oxley brought to financial markets – that sent many American businesses to European markets in London, China and Moscow. That piece of shoot from the hip “rapid-fire” legislation is a testament to the fact that increased regulation was not the problem and hence should not be used as a political ploy or excuse to confuse voters on the issues because it does not and will not and cannot address the problem of the financial crisis at the systemic level. The American people knows better than that.
To better understand the current financial crisis, let's look back at our history of the past 8 years in order to come to terms with what happened that fostered, nurtured and gave rise to the unfolding mortgage crisis when Sarbanes-Oxley (a strong piece of inquisitive regulation that came out of the SEC) was at its height of implementation during the years 2001-2006, proving definitively that regulation and banking regulators were not the problem.
The mortgage crisis pumped billions (even trillion) of dollars of bad debt and worthless securitized paper into what was beforehand a solvent, well functioning global financial banking system. However, when George W. Bush took Office in 2000, one of the first things he did was to allow Countrywide Financial and many of his friends and cronies to make an uninvited raid on the unregulated (unprotected) housing market by offering no-income, no-credit, no/low down payment "grant" mortgages to qualified and unqualified borrowers for overvalued and worthless properties at unrealistically low teaser rates (ARMs) in Black, White and Latino middle and lower income communities all across America that were politically backed by Fannie Mae and Freddie Mac's (Washington connected) underwriting and securitization networks and lobbies. This is the problem that was never fixed or addressed.
The Federal Reserve Bank under Alan Greenspan was cognizant of these illicit banking and mortgage practices that were softly and quietly being carried out in the housing market and banking industry but intentionally choose, for political purposes, to turn a blind eye to the problem, and in this way, allowed these unsavory banking practices to continue unfettered without the necessary regulatory (i.e., supervisory) oversight that would normally be expected from a national Central Bank - for the Federal Reserve Bank held the single Ace card that could have immediately stopped the problem dead in its track that would have averted the current financial crisis but failed to use it in a meaningful way, that is raising interest rates.
Raising interest rates would have busted up tacit corruption in the housing market by removing the incentive to refinance at lower teaser rates, force alignment to market forces, strengthen the dollar, reduce inflation as well as gas prices. At no time during the past 8 years did the Fed see this as a plausible alternative and kept lowering interest rates instead.
BLURRED LINES OF RESPONSIBILITY
When the Fed, who is suppose to act as an independent voice, check and countervailing force against government misspending, abuse, mismanagement or ill conceived economic or fiscal policies chooses instead to join forces or come under the direct influence of the president's administration or policy makers on Capitol Hill, you get mush!
A sweet heart deal was struck, at least so it seems, and greedy, scrupulous investors that were politically motivated went in for the kill, promising Wall Street investment bankers a nice slice of the pie, after all it had Congressional backing and approval but most of all the president's blessings; who can reasonably say no under such circumstances and not lose their job or essential customer base?
HOW DID IT HAPPEN?
Bad debt was being produced, dressed, packaged and sold to global financial markets on a massive scale reminiscent only of the role that Wall Street money center banks played vis-à-vis regional banks in the 1970s Latin American debt crisis. More strikingly, no one individual or public financial institution had a full picture of what was happening on the ground or on an overall basis. The credit rating agencies who should have caught the problem, failed! No one individual or company had power to do anything but to implement their bosses' or customers' wish.
WHO IS RESPONSIBLE?
Of all the government regulators and institutions involved, including the SEC, the Federal Reserve Bank was in the best position to end the practice of illicit securitized bad-debt mortgage-backed financial instruments by simply raising the Fed Funds rate to bring a sense of normalcy and “stock-checking” to financial markets, but with a war raging in Iraq and strong pressures from the president and Treasury Office to provide monetary stimulus and policy support for the president's political agenda, the Federal Reserve Bank, under Alan Greenspan, refused to act by raising interest rates to address the growing mortgage problem that was already showing signs of stress and weaknesses that was bursting out at the seams, but instead continued to lower interest rates feeding the voracious appetite of mortgage investors and Fannie Mae and Freddie Mac unceasing bad-debt securitization scheme.
THE PARTY IS ON!
Everyone was having fun while the party was on! No one thought of tomorrow when the bad debt that they were producing would come home to roost. That day of reckoning is now and everyone is looking away from the problem by steadfastly pointing the finger at the other guy.
What then is the solution now that we know the problem and how it all began?
The problem started with the mortgage crisis and it will only end when the mortgage crisis and all that bad debt (bad blood) is resoundingly pumped out of the global financial system.
WHOSE JOB IS IT?
Neither the Congress, nor the Fed nor even the president have yet to propose any meaningful or sensible solution, to this date, that would effectively deal with the mortgage problem.
THE ROLE OF LIQUIDITY
The Federal Reserve Bank, acting in concert with its Central Bank partners around the globe need to continually pump cash into the global financial system to assure liquidity, but they should not play the role of “ savior of last resort ” for ailing mismanaged financial institutions who took business and financial risk.
A QUESTION OF GUILT
The guilt, psychological stress and burden that the Fed carries for feeding the problem by continually lowering interest rates over the past 8 years should be dealt with separately to avoid interference with its objective decision-making capacity to act as a prudent, no non-sense Central Banker.
WHO SHOULD SAVE THE WOUNDED?
It is the responsibility of the president working with the Congress and the Treasury Department to offer or not offer solutions to ailing businesses and financial institutions affected by the crisis, but it is not the role of the Fed acting out of a gnawing sense of incompetence and loss opportunity to rescue failing financial institutions, including AIG – that's the job of the Congress.
WHO'S RESPONSIBLE, WHO'S IN CHARGE?
One of the main problems is that nobody wants to take responsibility.
THE SKY IS FALLING!
We have a problem that started in the White House, shifted to financial markets and is now being solved by the Feds. Once the Fed removes or throws away its hat as banker and takes on the role of lawmakers, it instantly loses creditability in financial markets and people the world over will think that “the sky is falling”, for what other reason would cause the Federal Reserve Bank to do that?
ROLE OF THE SEC?
If size is the true reason for saving AIG, then what should be the role of the SEC in making sure that companies and financial institutions do not surpass reasonable economies of scale? Clearly someone was not doing their job!
THE HUMAN FACTOR
Guilt is a terrible thing!
For the first time in our financial history we are seeing the impact that human factors can have on a “rationally designed” financial system that is suppose to have a soul and heart of its own as reflected in the loosely defined concept of “the market” driven by the "expectations” of “rational” investors, who sometimes behave irrationally, when in fact no one knows how to behave or what to expect in a crisis. There are no exit signs and smoke is bellowing through the hallways. We are only rational when things are “normal,” but no one knows what to do or how to behave when all hell breaks loose – that must be the reason why it is called a crisis.
REINFORCING THE SOLUTION
Again, the solution is simple, focus on the systemic root cause of the problem and it will go away. Solve the mortgage crisis and you will immediately bring calm to financial markets and restore confidence in the financial system.
GONE WITH THE WIND
It is a utter shame that brand names such as Lehman Brothers and Merrill Lynch will no longer with us, but that is the price we have to pay when the politically well-connected acting through strong banking lobbies manipulate and influence the financial system way beyond its limitations to absorb what is being thrown into it at the most basic and fundamental level of economic reality.
THE FED CHECKMATES ITSELF
It was the Federal Reserve Bank's role to bring sense and stability to the marketplace by earlier raising the Fed Funds rate. Now the Feds have waited too long and are caught between a rock and a hard place, essentially "checkmating" itself. The crisis is so grave that no matter what the Feds do at this stage, they will be dammed if they do and dammed if they don't - for by driving the Fed Funds rate (which drives interest rates) into the ground at an historic 2.0%, the Federal Reserve Bank has essentially locked itself into a corner with no way out, meaning having no instrument to effectively transform global financial markets other than through open market operations and borrowing from the Treasury, which prints inflationary money.
WHAT CAN THE FED DO NOW?
Things didn't need to get to this stage, which is easier said than done, especially since no one in the past believed that this crisis would have erupted in the way that it did. The problem is the Feds giving up its sovereignty as bankers to ingrained political or economic interests. It would not have been so if they had acted as bankers all along. This is a situation that no regulation, regulator or legislation can address, other than by restructuring the system. By coming under the influence of Washington's powerful politicians, lawmakers and lobbies, the Fed's vision got fogged up and they did not know what to do once in the crisis started, wishing that it would go away in a rapidly evolving financial system where the past is never a good indicator of future outcomes, and to some extent, are still somewhat in the dark as to how to go about fixing the global financial mess and debacle.
Again, the solution is simple, deal effectively with the mortgage crisis and immediately raise interest rates to strengthen the dollar in order to timely prevent the current financial crisis to spill over into a major national and global war against inflation, since once the monster of inflation raises its ugly head there is little that can be done to immediately arrest the problem.
SOURCE OF TRUE WEALTH
The fundamental problem facing us is government, economist, banker and the Fed's complete lost of focus on the true wealth of nations, erroneously thinking that that wealth lies in the strength of the currency, markets, institutions, interest rates or money supply, while all the time it sits at the base of the economic order as represented by individual household units that make up the people. Destroy those economic entities and you have effectively killed the golden goose.
For more information on this issue, please read:-
OPEN LETTER TO BEN BERNANKE
Letter to the Federal Reserve System that discusses the impact that low interest rates may have on the economy and on the value of the dollar in particular over the past four years. http://www.celestialaffairs.com/BenBernanke.htm
RESPONSE TO ALAN GREENSPAN'S COMMENTS TO HIS CRITICS
A critical look at the administration of monetary and fiscal policy in the United States resulting in an over reliance on scientific methods and procedures and less emphasis on human (supervisory) factors that would require greater judgment, coordination and critical assessment in the formulation of a plan of action that seeks to promote truth, integrity, prudence and reconciliation in assessing and reacting to unfolding economic realities. http://www.celestialaffairs.com/Greenspan.htm
OBAMA ACCEPTS DNC NOMINATION: Written: August 29, 2008; 1:08 PM EST
On the historic night of August 28, 2008, Barack Obama accepts his party's nomination. Much of the work that started with the blind inner nocturnal expression of a quickly flashed dream image lasting less than a second that presented itself deep into the mid-night hours of September 30, 2006 from what can only be characterized metaphorically as being from the deep unconscious mind of inter-galaxy space and time, projecting a signal so weak, so profound, so universal and yet so unassuming that it was almost left as an aside or treated as being totally meaningless and irrelevant, comes the near completion of a journey that is but a small step in a totally new direction. Whatever happens from hereon is icing on the cake, since the dream has fulfilled its promise in ever conceivable way and from all directions. We are truly indeed entering a New Age!
2008 U.S. PRESIDENTAL ELECTION - Excerpt Taken Solar Eclipse in 2007 in Virgo-Leo Written Sept. 30, 2007.
In the run up to the 2008 U.S. Presidential elections, we are likely to see a strong and lively debate on issues focusing on food security, public health and safety, clean air and water, inter-state, domestic and international trade and commerce, U.S. growing trade and budget deficits, freedom of speech, communications, the environment, international image and reputation, as well as values. With Leo involved, celebrities will play a major role in endorsing candidates and helping candidates to win.
With proud and big mane Leo involved, those who look the role and talk-the-talk are more likely to win the U.S. presidential election than those that are strong on the issues.
In other words, image will parlay a major role in US 2008 presidential election. The presidency is likely to go to the candidate that looks and sounds presidential, and in this regard, Leos such as Barack (ha'pa)* Obama are strongly favored by the stars.
* - Ha'pa (with the accent on the first syllable) is an Hawaiian term meaning neither White nor Black. Being ha'pa, one sees in Barack Obama what one wants to see in him because he has got it all within.
Obama Received the Symbolic Rod of Correction - Written June 5, 2008; 7:00 PM EST
Senator Barack Obama was presented with a wooden maple rod on June 5, 2008 in Virginia by an elderly, 95 year old African American man name Charles Edwards – a positive omen and an appropriate symbol for one that makes a bid for holding the keys to the highest power in the land, the holder of whom no door will or can be closed. But does he really understand the meaning of the symbolism? It is the shepherd’s rod, the rod of correction, the shaft of the pole star, Polaris that establishes the earth’s north–south pole axis, it is the stick that forms the handle of the American flag and the base of the Big and Little Dippers in Bootes Constellation; it is the very rod that Moses stretched forth to Part the Red Sea – a symbol of both crucifixion and resurrection. Two rods represent the twin in the astrological sign of Gemini, Hermes, trice great! A dream ticket with Hillary in this position would indicate such an exalted position. But another of equal strength and fortitude can work just as well.
Rev Wright or Rev Wrong - Dr Jekyll Mr Hyde - Written April 30, 2008; 4:33 PM EST
Along what can only be called classic lines, we observe Dr Jekyll Mr Hyde personalities between Barack Obama and Rev Wright and within Rev Wright himself. Filled with anger and jealously, Rev Wright felt compelled to fight back against the best advice of some of his most trusted friends. The earlier 5.2 magnitude earthquake in Illinois and its many aftershocks that started on April 18, 2008 was an omen of problems brewing deep within the belly of the earth that would erupt and threaten to derail Barack Obama's campaign and bid for the oval office. But was it as bad as the media portrays it to be? This morning a smaller yet affirming 2.8 magnitude earth http://www.celestialaffairs.com/Obama.htmhquake 113 miles WNW of Denver, Colorado that came almost immediately after Senator Obama denounced Rev Wright on April 29th suggests that Obama will survive this latest assault to win the democratic nomination after all, but we must await further and stronger seismic affirmation before declaring him a winner.
While writing this note, a 2.6 magnitude earthquake struck Illinois at 2:29 PM Central, an aftershock of earlier earthquake activity. The point is clear, the Rev Wright issue will not go away easily or soon.
WHO IS BARACK OBAMA?
Much of what has happened over the past month was a test that was very much needed and necessary indeed. How else can we come to know who Barack Obama really is? How does he stand up under pressure, what does he do when attacked and how does he respond? With Hillary Clinton his response to her relentless attacks was avoidance, no more debates before the primaries, she stings! But with Rev Wright he had to take the bull by the horns or risk outright defeat.
THE NEED FOR THE INTEGRATION OF THE AFRICAN-AMERICAN EXPERIENCE & PERSPECTIVE INTO THE AMERICAN POLITICAL PROCESS & DIALOGUE - WRIGHT OR WRONG!
Whether Rev Wright was right or wrong in his views is not important. What is more important is the strong divergent viewpoints and opinions that exist in Black America among the Black Church and political process and within the albeit separate Black news media that exists as well.
Most Whites and many less informed African-Americans were shocked and rudely awakened to the reality that such divergent viewpoints and opinions existed within the American society. For the first time we learn how some African-Americans felt about HIV AIDS, the War in Iraq and other important topics that have seen censured, suppressed and kept out of the national and public media for a very long time. If Rev Wright did not say what he said at the respected NAACP and National Press Club in Washington, DC, African-Americans views and opinions, "wright" or wrong would have continued to be suppressed and kept out of national news coverage. Like any good psychosis or neurosis the social mental disorder breaks through on the national and international scene at the worst possible time, some would say at an opportune time, to do what all good neurosis and psychosis do, which is to grab and seize our attention, not so much for Barack Obama who has heard these viewpoints before, but for the American government that has spent untold amount of resources championing and sustaining a war strategy and economic policy that for many Americans have failed. It took a Rev Wright with all his African American cultural style, gesturing and Black pastoral mannerism to put those underground and hidden feelings out into the open for all to see. It is really a lost to conservative opinions and viewpoints that have dominated the national agenda and international media. It is also a call for reconciliation and national healing through discussion, exploration and debate to allow Americans and the world to better understand themselves by drawing their own conclusions about topics that have been tabooed in American society, including conspiracy theories about 9-11 which remains a strong topic on the internet and in blogs and chat rooms all across America and the world. Only then when all comes out into the open can we burry the past and move on.
We have also come to know Senator Obama better, and the role that the African-American Church and political power structures have played in influencing his opinion and campaign that led to his bid for the White House. At this point it appears that everything he wears is truly borrowed making one wonder what is really underneath. Both men thought they truly knew each other well, and both were wrong. Obama can denounce Rev Wright but he cannot eject his own shadow. As Rev Wright said, 'it is you that I shall now be after' - affirming a change in political destinies. In this regard, it is important to note that Senator Obama would never have been elected Senator or have made it this far in his bid for president without the continual help, guidance and support of some of the very people he denounced. The interplay between intelligence and the heart, mind and feelings will forever elude man to produce strange and mysterious results. He is indeed a Trojan Horse, but one made for America by Americans in America to penetrate the psyche and subconscious of the broader American society in order to create a new future and better world for tomorrow. These are the differences that only a Ha'pa "Black" Obama can address and contribute on the national scene. The question as he continues to go through this metamorphosing process is, will he in the end abandon or be weak on the African-America agenda as his recent comments on very sensitive Black issues suggest, or will he be able to do what no man has achieved in American politics, be all things to all people? Sooner or later he will have to choose. It is that indecisiveness, that playing both sides of the fence which he is famous for in bi-partisan politics and political maneuvering that will test his will and ability to truly transform America towards the greater good.
Written & Posted: 4/30/2008
See: Solar Eclipse 2007 in Virgo-Leo