Here is a good article explaining why Mexico stays poor, and it shows how the IMF and World Bank do it... but then they call this abuse "free trade." Sigh... since when is managed trade, free trade? It is either, or. If the IMF and World bank are involved, it is market socialism, not free trade. This is good to read, so you can see what our politicians have done to Mexicans, they are now doing to us.
Saturday, June 7, 2008
Excellent Review of China In Africa
Folks,
AS you know, China is lending us the money for the war in Iraq, which ties us down and bankrupts us as our leaders flourish. The communists are fielding their first string leaders, and we have 3rd stringers in power and as candidates. In the meantime, China is re-arranging the world order to benefit the Chinese. Note that now that Chinese textiles are restricted into USA Chinese managers are now making clothes in Africa to sell to USA (but you knew that's how things work, I told you...) and note the absurd complaint that the Chinese bribe in business. Like that does not happen with USA biz overseas.
I Knew It...
And this is how come I keep arguing we should have breakfast wines to go with our bacon and eggs...
Dr. North On When To Quit
Or, in other words, when to proceed... a good summary of how to self-examine when you are consider whther to pursue or quit.
Friday, June 6, 2008
Yes, Hillary Will Be The Next President
I just gave my wife a guided tour through the political landscape by taking her through the Washington State Republican Convention. She met many fine people, none of whom will vote for McCain, or probably any other Republican, something like 40% or the delegates.
Without my prompting, she found the whole thing rigged. And this is the republicans.
It is all theatre. I don't think Hillary will have Obama whacked like some Vince Foster, but between now and the August convention very much can be learned about a man we know very little.
The Clintons were so ready to destroy Colin Powell in 1996 he withdrew from the Republican presidential ticket (Yes, from My Lai to MIA's Powell would have become less popular than Farrakhan after the Clintons were done.) If Obama withdraws, who is left?
Hillary, because almost 1/2 republicans will not vote for McCain. The next 8 years will be all dems, all the time, with Hillary on top.
China Gold and Money
Folks,
HSBC is the best bank in the world, and when things get hot after the Olympics, they'll be in good position to make money on the disorder.
How Banks Work
Folks,
I hope you are checking out Mish Shedlock every day, because is it detailing how, day by day, your coming poverty and bankruptcy is being executed. If you see the truck coming down the sidewalk, you can step aside.
LA - LV Mag Lev
Finally, we'll get some MagLev in USA... too bad in Seattle we paid 4 times as much for 1880's trolly fixed rail to benefit a billionaire developer than mag lev would have4 cost, but hey, we'll get more of that now that the democrats are coming into power.
Tuesday, June 3, 2008
Playing With Your Pension
Your Pension, Their Toy:
George Soros says,
Soros, who made his fortune speculating on currencies, said there are fundamental factors behind the rise in oil prices. Namely, the increasing cost of developing new reserves, waning oil production in countries like Russia and Venezuela, and domestic subsidies in countries such as China that keep prices artificially low.
Over these factors, a bubble has been "super-imposed" by the move by pension fund managers to commodities as an asset class, Soros said.
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