The Information Paradox

“The Army Corps of Engineers informs me that while the levees...”
— President George W. Bush As...

Sep 1st

Why John McCain Won't Be President: 100...

Number 63: Thinks a $300 million prize to develop a better car battery is a sufficient amount of...

Aug 28th

The Most (un)American Icons

dihard: Have you seen the recent Budweiser “Great American Lager” commercials? You know, the ones...

Aug 28th

The Energy Challenge - Wind Energy Bumps Into...

Aug 27th

Oil prices are being driven down not by a lessening of supply side worries, but by lower demand:...

Aug 27th

Rocky video shows officer shoving protester...

Aug 27th

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Rocky video shows officer shoving protester to ground

Aug 27th

Rod Booth, a legal observer, argues with police to be let...

Aug 27th

The downtown Denver site of an elite blind pig, as reported...

Aug 27th

Watchdog slams 'Titan' jail plans - Home...

Aug 26th

Russia Backs Away From Some W.T.O....

Aug 26th

Gulf Countries Remain Tied to the Dollar -...

Aug 26th

DOWNTOWN — Protesters who clashed with police tonight...

Aug 26th

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Protesters: Police pepper-sprayed ‘peaceful’ gathering

Aug 26th

INTELLIGENCE BRIEFING FOR CEOs - NOBAMA Forum

Aug 26th

Drilling Boom Revives Hopes for Natural Gas.

Aug 26th

F.D.A. Allows Irradiation of Some Produce -...

Aug 25th

Newark and the Future of Crime Fighting --...

Aug 25th

Health Care: The Real Fiscal Nightmare --...

Aug 25th

A New Front for Defense Contractors --...

Aug 25th

“He’s that unique public servant who is at home in a bar in...”
— Barak Obama, speaking of...

Aug 24th

Dollar falling, Russian Bear roaring, everyone’s panicking. Oil now @ $119/bbl. and rising:...

Aug 23rd

OPEC threats of action, US/Russia tensions over missile shield keep oil near $120/bbl....

Aug 23rd

A 9.3M/bbl. crude oil surplus, but still no price relief. Why? Can’t refine it fast enough:...

Aug 23rd

Warren Buffett, Bill Gates interested in Canadian oil sands? They oughta be @ $120 /bbl. and rising:...

Aug 23rd

THAT rally didn’t last long, oil crashed nearly $7/bbl. on dollar rally and 1M/bd extra OPEC...

Aug 23rd

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I.O.U.S.A. Bonus Reel: Dave Walker on Debt-to-GDP Projections (via IOUSAtheMovie)

Aug 22nd

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I.O.U.S.A. Movie Trailer (via IOUSAtheMovie)

Aug 22nd

Ladies and gentlemen, the President of the United States.

Aug 22nd

“You always find out who’s been swimming naked when the...”
— Warren Buffett, as quoted in...

Aug 22nd

No razor wire at DNC jail - Yahoo! News

Aug 21st

Verizon exec: Some Net neutrality fans suffer...

Aug 21st

With a wink and a nudge, the FCC practically invites...

Aug 21st

The Evidence Gap - Drug Makers’ Push Leads to...

Aug 20th

Oil is all over the map, (currently $115/bbl.) with crude supplies up but refined gasoline down:...

Aug 20th

Oil has pulled a $3/bbl. bounce as investors are taking profits on the dollar’s recent...

Aug 20th

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Steve Martin - Homeland Security (via 13genX.)

Aug 20th

Auction Rate Scandal: Merrill To Face Legal...

Aug 19th

Oil giants are spending more money—but are they exploring or...

Aug 19th

Staring Down the Russians - TIME

Aug 19th

Music, movie lobbyists push to spy on your...

Aug 19th

Fay remained a tropical storm when she made land in Florida. Bears breathe sigh of relief. Oil @...

Aug 19th

Google Privacy Practices Worse Than ISP...

Aug 19th

“There is still a lot of oil to develop out there, which is...”
— Arjun Murti, energy analyst...

Aug 19th

Putin's war enablers: Bush and Cheney | Salon

Aug 19th

Timothy Carney: Shocking! Windmill owner...

Aug 19th

Turkish president Abdullah Gül talks to...

Aug 18th

Russia could strike Poland over U.S. shield -...

Aug 18th

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ExxonMobil is sponsoring CNN’s coverage of both the Republican and Democratic National...

Aug 18th

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Detention camp Setup for DNC Protestors and Mass Arrests (via ColoradoChange.)

Aug 18th

Google, 10 years in: big, friendly giant or a...

Aug 18th

Naturally the commodities market panics when a hurricane is heading for the gulf—oil is up...

Aug 18th

The Belgravia Dispatch: McCain: Let's...

Aug 18th

In N.Y., Waterboarding as Dark Art -...

Aug 18th

U.S. may ease police spy rules - Washington...

Aug 17th

Oil has surrenderd much of yesterday’s gains, sliding back below $114/bbl. as September...

Aug 15th

OPEC production hit record levels this summer, nearly 32.8M b/d, proving the skeptics wrong-but also...

Aug 15th

Now that the economic downturn is going global, the dollar is rising and commodities are falling:...

Aug 15th

Demand for oil has actually fallen in the OECD countries and did not meet emerging markets growth...

Aug 15th

designdust: I love this Modest Mouse poster by Heads of...

Aug 15th

“In the beginning of a change, the Patriot is a scarce man,...”
— Mark Twain

Aug 15th

BBC NEWS | Americas | Mexican gunmen kill...

Aug 15th

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McCain: In The 21st Century Nations Don’t Invade Other Nations (via videocafeblog.) Oh...

Aug 15th

Inflation in U.S. at a 17-year high -...

Aug 15th

John Bolton: After Russia's invasion of...

Aug 15th

US warns Russia of 'consequences' over...

Aug 15th

City Would Photograph Every Vehicle Entering...

Aug 14th

Hair Samples in Anthrax Case Don't Match -...

Aug 14th

What Russian Citizens Think of the US...

Enrique:
The most successful Central Bank of the World, the Bundesbank (now the ECB), has a clear premise - price stability.
Without price stability no currency can become global as it wouldn´t be trusted by international investors, no matter how many natural resources Russia has.
So the ruble should enjoy an enviroment of as much price stability as possible. Of course, it is not necessary to have exactly the same level of inflation now as five years ago, but right now Russian inflation is too high and an 8% limit should be enough, first of all to guarantee the competitiveness of Russian manufactured Exports...
DaniYah:
July 18, 2008
serega13, Right, the gold and silver standard worked for so many thousands of years yet economists constantly make believe they don't know what works? I can hear snickers from beneficiaries of the paper schemes.
To make things worse for themselves (it was intended as an insult to our conscience), the same schemers go on to suggest that the paper system be perpetrated in purely a electronic form (a "translation" of the paper dollars) for use as the lone world currency.
I suppose even a fool can tell this is a complete hoax of a plan, as it allows for the same type of Enron book-cooking on a larger, more rampant scale than the paper on used today. Consolidation of dollars values to pure cyber-currency effectively gives autocratic status to the very issuers and evaluators of their own dollars.
It is primarily due to the cyber-value of the dollar that US has so much control over the reserves of countries that bank with them, while natural resources held in those countries are subject to the same dollar appraisers who metamorph into speculators when political duty calls. And at that particular time of politically-motivated speculation, even gold reserves of that country (held as a natural resource)are written off as worthless -not even a fraction of their value. The same thing goes for any other natural resource, including human and scientific resources. Top that off with a little altercation between armed gunmen and the local police in a back alley in the capital city, then the US State Department issues a warning to US travelers not to visit that particular country because of the dangers, (underlined by under table warnings to subject US "partners") and next thing is that the entire country is considered too risky for investments. This withdrawal of such investments themselves which even in good weather do not even come 99% of the time without triple-knotted ropes attached, yet which at such desperate state of affairs is "direly" needed in order to keep the dwindling population of that country barely surviving.
At this point, in step the dollar colonialists all over again to "rediscover" the country and there we have the unending cycle of violence and corruption that is controlling the world economy.
Now that we know what is wrong, there has to be a way to break the "snowball" effect of official declaration of the worthlessness of the US dollar, so that the client countries who have been imprisoned by that system will not fall into what the schemers envision as "Armageddon"- a consequence particularly favorable to the schemers and which today acts as the main deterrent to independence from that worthless and destructive economic system.
serega13:
July 16, 2008
Technocrat, being the issuer of world's reserve currency is a huge advantage. That means you can manufacture money out of thin air and to ship them overseas to avoid inflation. That makes US the biggest producer of green paper that is worth 1000 times its real value. That means every time anyone wants to buy oil or gas or any other commodity - they must first buy dollars. US dollar being reserve currency for 60% of the world means the dollar is greatly overvalued and creates artificially high living standards in the US. However it will not last as all fiat currencies fail sooner or later, gold standard is the only way to go.
serega13:
July 16, 2008
fred, couple of points. First - Federal Reserve is not a branch of US government, it's a consortium of private banks started by Rockefellers and Rothschilds. They charge interest for printing money, essentially creating wealth out of thin air. The reason Fed doesn't publish data on M3 anymore is because they've been running printing presses non stop and flooded the system with worthless dollars. But it's not their function to protect the value of US dollar. That's what people are told but ultimately they are interested in keeping US dollar weak because that means all US debt is worth less and that also means a shadow tax on populace.
The only global currency that can serve as reserve currency is the same thing that has been in used for thousand of years - gold and silver. All fiat or paper currency is nothing but worthless paper and all paper currencies that ever existed fail sooner or later.
http: //www.russiatoday.com/forums/business/topic/112

Aug 12th

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RussiaToday : News : Georgia quits CIS as Medvedev orders end to military operation

Aug 12th

Op-Ed Columnist - Flush With Energy - Op-Ed -...

Aug 12th

Passports: This isn’t supposed to happen: how...

Aug 12th

IEA cuts international oil demand but won’t call it a peak due to Chinese demand breaching 8m...

Aug 12th

Gas is $4/gal., so why are we sending HALF of the oil drilled in this country elsewhere?...

Aug 12th

“Oil prices have peaked for the next few years.”
— Ed Morse, chief energy...

Aug 12th

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Aug 12th

Your hard drives, please! at Pensieri di un...

Aug 11th

A new report says oil could hit $200/bbl. in a few years, but not due to supply:...

Aug 8th

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How To Tell People They Sound Racist

Aug 8th

Housing bill raises tax, fingerprint privacy...

Aug 8th

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Black Hat: DNS Flaw Much Worse Than Previously Reported

Aug 8th

Georgia says Russian tanks mean 'war' in...

Aug 8th

Transport attack 'most likely threat to UK' -...

Aug 8th

Clout Street - local political coverage |...

Aug 8th

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Paris Hilton Responds to McCain Ad from Paris Hilton, Adam “Ghost Panther” McKay, and...

Aug 8th

Anthrax Case Raises Doubt On Security -...

Aug 8th

Fascism had its Gestapo, we have the climate cops.

Aug 8th

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Dana Perino: I’m fired if I talk about the falling dollar! (via americansunite).

Aug 8th

BBC NEWS | Technology | Net address bug worse...

Aug 7th

"Windfall" profits by industry

Aug 7th

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PARIS HILTON - A Mid-Summers Dream - McCain Obama Bush (via ib2fast).

Aug 7th

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Britain seen from the skies above (via bbcworldnews). Pay close attention to how much GPS plays...

Aug 7th

Kidney patients denied 'too expensive'...

Aug 7th

OPEC production has increased lately, putting additional downward pressure on oil:...

Aug 7th

Big Donors, Too, Have Seats at Obama...

Aug 6th

Russia mulls arms in Belarus to counter U.S....

Aug 6th

Ironically, speculators might actually be driving oil prices DOWN with put option buys:...

Aug 6th

Only Wall Street, or Nebraska...

Only on Wall Street or as the coach of Nebraska football could you screw up so colossally (wrecking...

Aug 5th

Denver Police Brace for Democratic National...

Aug 5th

At Freddie Mac, Chief Discarded Warning Signs...

Aug 5th

Millions With Chronic Disease Get Little to...

Aug 5th

The (global) industrial slowdown concerns are really mauling oil ($119.22/bbl.):...

Aug 5th

Is natural gas the answer to our oil dependency? T. Boone Pickens thinks so:...

Aug 5th

I might be mistaken about the hurricane supporting the $125/bbl. pricetag: oil has crashed out to...

Aug 5th

Oil has broken the psychological support barrier of $120/bbl. Will the bear trend continue?...

Aug 5th

$125/bbl. seems to be the magic support number with Eduord building off the Gulf Coast of TX and LA....

Aug 5th

McCain: The Most Reprehensible Of The Keating...

Aug 5th

TPM Election Central | Talking Points Memo |...

Aug 5th

The Raw Story | Deleted photo sparks fears...

Aug 5th

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To Provoke War (via slaintrimmer)

Aug 5th

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A frank discussion on the falling strength of the dollar.

Aug 4th

Travelers' Laptops May Be Detained At Border...

Aug 4th

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Cramer Taking Bernanke to Task, One Year Later (via peace0be)

Aug 4th

Oil claws for gains (up $2.40/bbl.) but are they short covers or worries Iran won’t give up...

Aug 2nd

FT.com / World - Moscow to seize grain export...

Aug 1st

Wal-Mart warning managers of labor bill |...

Aug 1st

Feds don't need cause to search laptops --...

Aug 1st