Friday, April 29, 2011

A CHART TO WATCH..............

Everyone is focusing on the subpar GDP report today, but the real worrisome trend is in initial jobless claims, which are suddenly trending higher. The reason this should be worrying is that initial claims have been a great market indicator for awhile now, as they move together. Here's a look at the S&P vs. the inverse of initial claims. A gap is emerging. Unless the claims data improves again, stocks are going to have trouble.

chart of the day, sp500, april 2011

America Has Yielded To Sin And Evil? ..........A SHATTERED NATION - A SHATTERED PEOPLE!

"But when the righteous turneth away from his righteousness, and committeth iniquity, and doeth according to all the abominations that the wicked man doeth, shall he live? All his righteousness that he hath done shall not be mentioned: in his trespass that he hath trespassed, and in his sin that he hath sinned, in them shall he die." Ezekiel 18:24

America Has Yielded To Sin And Evil?

"Know ye not, that to whom ye yield yourselves servants to obey, his servants ye are to whom ye obey; whether of sin unto death, or of obedience unto righteousness?" -Romans 6:16

In the midst of a drunken debauchery King Belshazzar, successor to King Nebuchadnezzar, of Babylon flaunted his arrogance in the face of almighty God by using the sacred silver and golden vessels taken from Solomon's Temple to praise 'the gods of gold and silver, brass, iron, wood, and stone'. Immediately upon the sacrilege a disembodied hand appeared, to the astonishment of the drunken revelers, and inscribed upon the wall the words: mina, mina, shekel, half-mina. None in the Kingdom could decipher those words, but Daniel the exiled Jew previously taken from Jerusalem by Nebuchadnezzar could and did.

Daniel admonished the King of the folly of his arrogant blasphemy, and then rendered an interpretation of the words that had been etched upon the wall by the hand of God thusly: mina, God has numbered the days of your kingdom and brought it to an end; shekel, you have been weighed on the scales and found wanting; half-mina, your kingdom is divided and given to the Medes and Persians. To the king the words were a portent of doom, as that very night Belshazzar was slain and his kingdom fell to the Medes and Persians.

The people of the United States are no less brazen; no less sacrilegious and no less profane than was Belshazzar and his drunken cohorts on the fateful night of his prophesied demise. And a righteous God can be no less condemning of the in your face hauteur and deliberate disdain of His sovereignty by the American people and their chosen leaders than He was of a pagan king.

Currently this nation is being pounded by climatological events of an increasingly frightening, if not downright terrifying, nature. No corner of the nation is being spared the divinely directed judgments that are being rained down upon an apostate and recalcitrant people.

Daily violent tornadoes rip the middle sections of the mainland. These meandering black gigantisms rumble like freight trains across the plains leaving in their deadly wake ribbons of rubble, fields of debris, uprooted trees, and dead bodies. Elsewhere raging floods inundate hundreds of thousands of acres, submerging homes, businesses, and institutional buildings in stinking black muck. While in the West and Southwest hellish flames devour vast sections of land and gobble up homes, buildings, wild life, and domestic livestock.

It would seem that gone are the days when our benevolent God delivered gentle spring rains, balmy breezes, sun-soaked days and peaceful starry nights upon this land; such have been replaced by unrelenting torrents of wind driven rain and bombardments of hailstones immense in size and punitive in nature. The continual displacement of climatological records denotes the increasing intensity in destructiveness and size of these anomalies of nature. Peaceful days across the breadth of this nation are currently non-existent; henceforth this nation will not know a day of serenity.

If we could peer into the black rampaging clouds, the muddy depths of the murky waters, or the stinging smoke of the run-a-way conflagrations we would find inscribed within these dreaded manifests of God's anger these words, "you have been weighed on the scales and found wanting."

Some read my writings because they value and understand God's truth; others hate the truth and would rather believe the lies of illogical men. It is these that God has delivered unto false beliefs: "And for this cause God shall send them strong delusion, that they should believe a lie." -2 Thessalonians 2:11

I am not sure as to the exact number of those who fail to understand what is coming upon this nation, but believe it to be the great majority of the people. If they understand nothing else they certainly should be aware of the continuum of catastrophic events that is being rained down upon this filthy and apostate nation, these are not happenstance, nor are they naturally occurring events. They are wrought by the hand of God and meant to correct a sin-laden people - a people, it seems, that refuse to be corrected.

Often I receive comments to the effect that my use of "big" words limits my readership. Personally I think that it is the bringing forth of God's word in this fallen society that limits my readership, an apostate people hates the word of God.

I have little patience for those who claim that the words of my articles are difficult. This points up the fact that our socialist educational system that costs billions in taxpayer dollars is totally worthless and fails miserably in its mission to educate the people. It also says that those who fail to understand are too lazy to educate themselves. I have little tolerance for slothful people; there is no excuse for such ignorance. A diligent man will study and read that he might improve his understanding and comprehension. I would suggest that these people start with the Holy Bible, but they refuse to study the Words of God in order to understand their meaning in relation to their lives.

There comes a time when nations reach the saturation point in regard to sin and apostasy. When that time arrives the nation will effectually be a deprived and divested nation of little account; or it will disappear altogether. This nation has reached that point in time and since the people are stiff-necked and married to worldly lusts there is no hope for it. Since God doesn't visit miracles on an unrepentant people this nation is not just on the ropes, it is out on its feet. It has come to a point that true believers in the Lord Jesus Christ are ashamed to be a part of such a putrid environment.

"Ye shall know them by their fruits. Do men gather grapes of thorns, or figs of thistles? Even so every good tree brings forth good fruit; but a corrupt tree brings forth evil fruit." -Matthew 7:16-17

Have you noticed the infatuation, nay the absolute fascination with the killing of human beings in this nation. People can't seem to get enough of the mayhem and the gore. Serial killers and mass killings have come to be endemic, and the news media follows every outbreak with intense and rabid attention. They headline the butcheries of these demonic lunatics in order to titillate the perverse interest of a people seemingly gone over to the same perverted entertainment lust that was a part of the psyche of the people of the Roman Empire in its final days.

Perhaps it is a similar mind and soul of the people situation that explains the lack of guilt and remorse in this nation over the actual murder, in the most heinous of ways, of thirty-eight million babies since 1973. Some say that the number of baby slayings is much closer to fifty-one million and that may very well be the case. Whatever the number this savage carnage upon living babies certainly does not bother the conscience of the majority of the people, this wickedness alone warrants the ferocious destruction being poured out upon this society.

Even as I have seen, they that plow iniquity, and sow wickedness, reap the same. -Job 4:8

Daily the people settle in front of their TV's and movie screens to view the latest visual wrinkle in regard to murder, rape, adultery, fornication, sodomy, corruption and mayhem. Indeed the television and movie producers rake in millions from the production of prurience and violence.

It is mindful of the sick days of the Roman Empire when the people flocked to the stadiums by the hundreds of thousands to enjoy a day in the sun viewing the spilling of blood and the dismemberment and strewing of the entrails of humans and animals. If they were lucky they might enjoy the excitement of a beheading or two. One wonders if they dragged their children to the festivities - you know just a day of good old family fun.

We know of course that our children are not banned from the theatres and the living and family rooms of this nation. Why shelter them from what has become the norm seems to be the prevailing thought. After all they must know the harshness of reality. Oh, by the way please pass the popcorn…

For they have sown the wind, and they shall reap the whirlwind: -Hosea 8:7

Often in Biblical times when nations had gone over to a complete rejection of God's laws and strictures and were immersed in iniquity to a point of irrevocability God would deliver them into the captivity of heathen kings as punishment. Under the domination of such their lives were hard as they were subject to the depredations of pagan rulers who detested their very existence. I submit that such captivity and domination has already come upon the people of this nation. Hey! Wait a minute you say…we're not in captivity and subject to a foreign king. Yes you are. You are in the grasp of a non-indigenous alien of heathen demeanor and totalitarian propensities and his name is Obama.

Not only that dear reader, you will remain under such tyranny as your delusional indigenous leaders of the past forty-eight years and more have enabled the importation of a great multitude of culturally unassimilated aliens whose enfranchisement by the stupid politicos of yesterday and today will keep this interloping foreign tyrant in power.

Your government has enabled the inclusion of women in all of the combat branches of the military services. Your government has enabled the inclusion of sodomites in all of the branches of the military services. Your government has usurped authority over the National Guards of all the states, and uses the members thereof as cannon fodder in their unconstitutional guerilla wars and illegal interventions.

Unable to fill the ranks of the regular military services via the volunteer route these conscienceless reprobates entice economically stressed young men and women into the National Guard with monetary and educational inducements, and then ship them off to foreign hell holes where under the command of the federal military services they are either killed or disabled for life.

A nation such as we have become cannot long stand. God has numbered the days of our kingdom and will bring it to an end.

"The great day of the LORD is near, it is near, and hasteth greatly, even the voice of the day of the LORD: the mighty man shall cry there bitterly. That day is a day of wrath, a day of trouble and distress, a day of wasteness and desolation, a day of darkness and gloominess, a day of clouds and thick darkness, A day of the trumpet and alarm against the fenced cities, and against the high towers. And I will bring distress upon men, that they shall walk like blind men, because they have sinned against the LORD: and their blood shall be poured out as dust, and their flesh as the dung. Neither their silver nor their gold shall be able to deliver them in the day of the LORD'S wrath; but the whole land shall be devoured by the fire of his jealousy: for he shall make even a speedy riddance of all them that dwell in the land." -Zephaniah 1:14-18

"As many as I love, I rebuke and chasten: be zealous therefore, and repent." Revelation of John 3:19


As to the National Association of Realtors, there is a small secret to reading their news Releases: You need to ignore every other paragraph. It typically looks like this:

Data data data Data data data Data data data Data data data Data data data Data data data Data data data Data data data Data data data Data data data Data data data

Spin Bullshit Spin Bullshit Spin Bullshit Spin Bullshit Spin Bullshit Spin Bullshit Spin Bullshit Spin Bullshit Spin Bullshit Spin Bullshit Spin Bullshit Spin Bullshit Spin Bullshit

Data data data Data data data Data data data Data data data Data data data Data data data Data data data Data data data Data data data Data data data Data data data

Spin Bullshit Spin Bullshit Spin Bullshit Spin Bullshit Spin Bullshit Spin Bullshit Spin Bullshit Spin Bullshit Spin Bullshit Spin Bullshit Spin Bullshit Spin Bullshit Spin Bullshit

The secret is to focus on the data and facts, and ignore the spin. Ditto for all other mainstream and government new releases or sources.

Greek debt is now close to 25%...................

Yesterday's horrorshow continues. Yield on 2-year Greek debt is now close to 25%.

The most stark way to visualize what's happened is to look at a 1-year chart on this, because we're just about to come on the 1-year anniversary of the bailout. Look at how yields collapsed when that was first announced, look how low they stayed, and look how low the previous peak seems in compared to this one.

Definitely a depressing austerity fail.







A doctor from Israel says: "In Israel the medicine is so advanced that
  we cut off a man's testicles; we put them into another man, and in 6
  weeks he is looking for work."
  The German doctor comments: "That's nothing, in Germany we take part of
  the brain out of a person; we put it into another person's head, and in
  4 weeks he is looking for work."
  A Russian doctor says: "That's nothing either. In Russia we take out
  half of the heart from a person; we put it into another person's chest,
  and in 2 weeks he is looking for work."
  The U.S. doctor answers immediately: "That's nothing my colleagues, you
  are way behind the USA (about 2 year ago) we grabbed a person
 From Kenya with no brains, no heart, and no balls....we made him
  President of the United States, and now....... the whole country is
  looking for work!!!!!!"

Thursday, April 28, 2011


The dollar is down, and precious metals are surging.

Here's gold.

chart of the day, gold price, april 27, 2011




Central Bank Tightening Is Officially Toxic For Stocks.........

Central Bank Tightening Is Officially Toxic For Stocks

This chart shows how markets in places where central banks are tightening are clearly underperforming those markets that have held rates steady.  OUR STOCK MARKET REALLY DOESN'T HAVE MUCH TOO LOOK FORWARD TO UNLESS THE FED IS WILLING TO KILL THE DOLLAR.

chart of the day, central banks, feb 2011



      The 10 Best States For Making A Living.................

      The 10 Best States For Making A Living

      While the job market is still pretty weak, the truth is that conditions vary greatly from state to state. For example, in February 2011, the unemployment rate was 13.6 percent in Nevada, but only 3.7 percent in North Dakota.

      On top of that MoneyRates found significant differences in a number of other job-related factors. It analyzed all of them and created a list of the best states for making a living. looked at four factors involved in making a living:

      • Average state wages
      • State unemployment rate
      • State tax rate
      • State cost of living

      Based on all these factors, calculated an adjusted-average income for each state - the average income adjusted for your chances of finding a job, how much you would lose to state taxes, and how much purchasing power that income would have based on the cost of living in that state. A ranking of these adjusted-average incomes is the basis for the following list of the top 10 states for making a living.


      10. Minnesota

      10. Minnesota
      Rounding out the top 10 is Minnesota, a state with relatively high average wages and below-average unemployment. These factors contribute to Minnesota's adjusted-average income of $37,721.99.

      9. Colorado

      9. Colorado
      High average wages and a reasonable state tax burden helped Colorado make the list, coming in just slightly behind Tennessee with an adjusted-average income of $38,020.24.

       8. Tennessee

      8. Tennessee
      A very low cost of living helps Tennessee overcome relatively low wage levels, and because the state's taxes don't apply to wages, you'll get to keep more of what you make. Tennessee's adjusted-average income came in at $38,038.27.

      7. Georgia

      7. Georgia
      A combination of a low cost of living and solid average wages help Georgia make the list with an adjusted-average income of $38,228.47. This is another state where you can take great care of your money once you earn it, with four of the best banks in America having branches in Georgia.

      6. Massachusetts

      6. Massachusetts
      The high cost of living in Massachusetts is counterbalanced by the highest average wage levels of any state, helping Massachusetts rank sixth with an adjusted-average income of $38,664.86.

       5. Delaware

      5. Delaware
      While the adjusted-average incomes of the top four states were bunched quite closely, Delaware's is a clear step back at $39,104.64. Still, this is good enough to rank fifth, largely on the strength of Delaware's high average wages.

      4. Virginia

      4. Virginia
      The adjusted-average income for Virginia worked out to $41,120.49, helped by high average wages and a relatively low unemployment rate. This is also a good state for your checking accounts, savings accounts, or money market accounts, with four of the best banks identified by operating in Virginia.

      3. Texas

      3. Texas
      Texas is another state with no income tax, and along with a relatively low cost of living and unemployment rate, this gives Texas a good adjusted-average income - at $41,427.12, it's just a little behind Washington's.

      2. Washington

      2. Washington
      The adjusted-average income here was $41,455.73. The cost of living may be above average, but so is the typical income, and with no state income tax, you'll get to keep more of what you earn.

       1. Illinois

      1. Illinois
      At $41,986.51, Illinois had the best adjusted-average income. The unemployment rate in Illinois is not especially low, but the state benefits from relatively high average wages, a low state tax rate, and a below-average cost of living.

      As an added plus, you can make good use of your money once you earn it in Illinois. Four of the best banks in America, based on a analysis of factors like customer service, checking account fees, and savings and money market rates, have operations in Illinois.


      The Reason California is Broke.....................

      The Reason California is Broke
      Don't laugh.  How many state agencies does your state have?
      These are all California State Agencies
      California Academic Performance Index (API) * California Access for
      Infants and Mothers * California Acupuncture Board * California
      Administrative Office of the Courts * California Adoptions Branch *
      California African American Museum * California Agricultural Export
      Program * California Agricultural Labor Relations Board * California
      Agricultural Statistics Service * California Air Resources Board (CARB)
      * California Allocation Board * California Alternative Energy and
      Advanced Transportation Financing Authority * California Animal Health
      and Food Safety Services * California Anti-Terrorism Information Center
      * California Apprenticeship Council * California Arbitration
      Certification Program * California Architects Board * California Area
      VI Developmental Disabilities Board * California Arts Council *
      California Asian Pacific Islander Legislative Caucus * California
      Assembly Democratic Caucus * California Assembly Republican Caucus *
      California Athletic Commission * California Attorney General *
      California Bay Conservation and Development Commission * California
      Bay-Delta Authority * California Bay-Delta Office * California
      Biodiversity Council * California Board for Geologists and
      Geophysicists * California Board for Professional Engineers and Land
      Surveyors * California Board of Accountancy * California Board of
      Barbering and Cosmetology * California Board of Behavioral Sciences *
      California Boar d of Chiropractic Examiners * California Board of
      Equalization (BOE) * California Board of Forestry and Fire Protection *
      California Board of Guide Dogs for the Blind * California Board of
      Occupational Therapy * California Board of Optometry * California Board
      of Pharmacy * California Board of Podiatric Medicine * California Board
      of Prison Terms * California Board of Psychology * California Board of
      Registered Nursing * California Board of Trustees * California Board of
      Vocational Nursing and Psychiatric Technicians * California Braille and
      Talking Book Library * California Building Standards Commission *
      California Bureau for Private Postsecondary and Vocational Education *
      California Bureau of Automotive Repair * California Bureau of
      Electronic and Appliance Repair * California Bureau of Home Furnishings
      and Thermal Insulation * California Bureau of Naturopathic Medicine *
      California Bureau of Security and Investigative Services * California
      Bureau of State Audits * Calif ornia Business Agency * California
      Business Investment Services (CalBIS) * California Business Permit
      Information (CalGOLD) * California Business Portal * California
      Business, Transportation and Housing Agency * California Cal Grants *
      California CalJOBS * California Cal-Learn Program * California CalVet
      Home Loan Program * California Career Resource Network * California
      Cemetery and Funeral Bureau * California Center for Analytical
      Chemistry * California Center for Distributed Learning * California
      Center for Teaching Careers (Teach California) * California Chancellors
      Office * California Charter Schools * California Children and Families
      Commission * California Children and Family Services Division *
      California Citizens Compensation Commission * California Civil Rights
      Bureau * California Coastal Commission * California Coastal Conservancy
      * California Code of Regulations * California Collaborative Projects
      with UC Davis * California Commission for Jobs and Economic Growth *
      California Commission on Aging * California Commission on Health and
      Safety and Workers Compensation * California Commission on Judicial
      Performance * California Commission on State Mandates * California
      Commission on Status of Women * California Commission on Teacher
      Credentialing * California Commission on the Status of Women *
      California Committee on Dental Auxiliaries * California Community
      Colleges Chancellors Office, Junior Colleges * California Community
      Colleges Chancellors Office * California Complaint Mediation Program *
      California Conservation Corps * California Constitution Revision
      Commission * California Consumer Hotline * California Consumer
      Information Center * California Consumer Information * California
      Consumer Services Division * California Consumers and Families Agency *
      California Contractors State License Board * California Corrections
      Standards Authority * California Council for the Humanities *
      California Council on Criminal Justice * California C ouncil on
      Developmental Disabilities * California Court Reporters Board *
      California Courts of Appeal * California Crime and Violence Prevention
      Center * California Criminal Justice Statistics Center * California
      Criminalist Institute Forensic Library * California CSGnet Network
      Management * California Cultural and Historical Endowment * California
      Cultural Resources Division * California Curriculum and Instructional
      Leadership Branch * California Data Exchange Center * California Data
      Management Division * California Debt and Investment Advisory
      Commission * California Delta Protection Commission * California
      Democratic Caucus * California Demographic Research Unit * California
      Dental Auxiliaries * California Department of Aging * California
      Department of Alcohol and Drug Programs * California Department of
      Alcoholic Beverage Control Appeals Board * California Department of
      Alcoholic Beverage Control * California Department of Boating and
      Waterways (Cal Boating) * Californi a Department of Child Support
      Services (CDCSS) * California Department of Community Services and
      Development * California Department of Conservation * California
      Department of Consumer Affairs * California Department of Corporations
      * California Department of Corrections and Rehabilitation * California
      Department of Developmental Services * California Department of
      Education * California Department of Fair Employment and Housing *
      California Department of Finance * California Department of Financial
      Institutions * California Department of Fish and Game * California
      Department of Food and Agriculture * California Department of Forestry
      and Fire Protection (CDF) * California Department of General Services *
      California Department of General Services, Office of State Publishing *
      California Department of Health Care Services * California Department
      of Housing and Community Development * California Department of
      Industrial Relations (DIR) * California Department of Insurance * Ca
      lifornia Department of Justice Firearms Division * California
      Department of Justice Opinion Unit * California Department of Justice,
      Consumer Information, Public Inquiry Unit * California Department of
      Justice * California Department of Managed Health Care * California
      Department of Mental Health * California Department of Motor Vehicles
      (DMV) * California Department of Personnel Administration * California
      Department of Pesticide Regulation * California Department of Public
      Health * California Department of Real Estate * California Department
      of Rehabilitation * California Department of Social Services Adoptions
      Branch * California Department of Social Services * California
      Department of Technology Services Training Center (DTSTC) * California
      Department of Technology Services (DTS) * California Department of
      Toxic Substances Control * California Department of Transportation
      (Caltrans) * California Department of Veterans Affairs (CalVets) *
      California Department of Water Re sources * California Departmento de
      Vehiculos Motorizados * California Digital Library * California
      Disabled Veteran Business Enterprise Certification Program * California
      Division of Apprenticeship Standards * California Division of Codes and
      Standards * California Division of Communicable Disease Control *
      California Division of Engineering * California Division of
      Environmental and Occupational Disease Control * California Division of
      Gambling Control * California Division of Housing Policy Development *
      California Division of Labor Standards Enforcement * California
      Division of Labor Statistics and Research * California Division of Land
      and Right of Way * California Division of Land Resource Protection *
      California Division of Law Enforcement General Library * California
      Division of Measurement Standards * California Division of Mines and
      Geology * California Division of Occupational Safety and Health
      (Cal/OSHA) * California Division of Oil, Gas and Geothermal Resources *
      California Division of Planning and Local Assistance * California
      Division of Recycling * California Division of Safety of Dams *
      California Division of the State Architect * California Division of
      Tourism * California Division of Workers Compensation Medical Unit *
      California Division of Workers Compensation * California Economic
      Assistance, Business and Community Resources * California Economic
      Strategy Panel * California Education and Training Agency * California
      Education Audit Appeals Panel * California Educational Facilities
      Authority * California Elections Division * California Electricity
      Oversight Board * California Emergency Management Agency * California
      Emergency Medical Services Authority * California Employment
      Development Department (EDD) * California Employment Information State
      Jobs * California Employment Training Panel * California Energy
      Commission * California Environment and Natural Resources Agency *
      California Environmental Protection Agency (Cal/EP A) * California
      Environmental Resources Evaluation System (CERES) * California
      Executive Office * California Export Laboratory Services * California
      Exposition and State Fair (Cal Expo) * California Fair Political
      Practices Commission * California Fairs and Expositions Division *
      California Film Commission * California Fire and Resource Assessment
      Program * California Firearms Division * California Fiscal Services *
      California Fish and Game Commission * California Fisheries Program
      Branch * California Floodplain Management * California Foster Youth
      Help * California Franchise Tax Board (FTB) * California Fraud Division
      * California Gambling Control Commission * California Geographic
      Information Systems Council (GIS) * California Geological Survey *
      California Government Claims and Victim Compensation Board * California
      Governors Committee for Employment of Disabled Persons * California
      Governors Mentoring Partnership * California Governors Office of
      Emergency Services * Cali fornia Governors Office of Homeland Security
      * California Governors Office of Planning and Research * California
      Governors Office * California Grant and Enterprise Zone Programs HCD
      Loan * California Health and Human Services Agency * California Health
      and Safety Agency * California Healthy Families Program * California
      Hearing Aid Dispensers Bureau * California High-Speed Rail Authority *
      California Highway Patrol (CHP) * California History and Culture Agency
      * California Horse Racing Board * California Housing Finance Agency *
      California Indoor Air Quality Program * California Industrial
      Development Financing Advisory Commission * California Industrial
      Welfare Commission * California InFoPeople * California Information
      Center for the Environment * California Infrastructure and Economic
      Development Bank (I-Bank) * California Inspection Services * California
      Institute for County Government * California Institute for Education
      Reform * California Integrated Waste Management B oard * California
      Interagency Ecological Program * California Job Service * California
      Junta Estatal de Personal * California Labor and Employment Agency *
      California Labor and Workforce Development Agency * California Labor
      Market Information Division * California Land Use Planning Information
      Network (LUPIN) * California Lands Commission * California Landscape
      Architects Technical Committee * California Latino Legislative Caucus *
      California Law Enforcement Branch * California Law Enforcement General
      Library * California Law Revision Commission * California Legislative
      Analyst's Office * California Legislative Black Caucus * California
      Legislative Counsel * California Legislative Division * California
      Legislative Information * California Legislative Lesbian, Gay,
      Bisexual, and Transgender (LGBT) Caucus * California Legislature
      Internet Caucus * California Library De velopment Services * California
      License and Revenue Branch * California Major Risk Medical Insurance
      Program * California Managed Risk Medical Insurance Board * California
      Maritime Academy * California Marketing Services * California
      Measurement Standards * California Medical Assistance Commission *
      California Medical Care Services * California Military Department *
      California Mining and Geology Board * California Museum for History,
      Women, and the Arts * California Museum Resource Center * California
      National Guard * California Native American Heritage Commission *
      California Natural Community Conservation Planning Program * California
      New Motor Vehicle Board * California Nursing Home Administrator Program
      * California Occupational Safety and Health Appeals Board * California
      Occupational Safety and Health Standards Board * California Ocean
      Resources Management Program * California Office of Administrative
      Hearings * California Office of Administrative Law * California Office
      of AIDS * California Office of Binational Border Health * California
      Office of Child Abuse Prevention * C alifornia Office of Deaf Access *
      California Office of Emergency Services (OES) * California Office of
      Environmental Health Hazard Assessment * California Office of Fiscal
      Services * California Office of Fleet Administration * California
      Office of Health Insurance Portability and Accountability Act (HIPAA)
      Implementation (CalOHI) * California Office of Historic Preservation *
      California Office of Homeland Security * California Office of Human
      Resources * California Office of Legal Services * California Office of
      Legislation * California Office of Lieutenant Governor * California
      Office of Military and Aerospace Support * California Office of Mine
      Reclamation * California Office of Natural Resource Education *
      California Office of Privacy Protection * California Office of Public
      School Construction * California Office of Real Estate Appraisers *
      California Office of Risk and Insurance Management * California Office
      of Services to the Blind * California Office of Spill Prevent ion and
      Response * California Office of State Publishing (OSP) * California
      Office of Statewide Health Planning and Development * California Office
      of Systems Integration * California Office of the Inspector General *
      California Office of the Ombudsman * California Office of the Patient
      Advocate * California Office of the President * California Office of
      the Secretary for Education * California Office of the State Fire
      Marshal * California Office of the State Public Defender * California
      Office of Traffic Safety * California Office of Vital Records *
      California Online Directory * California Operations Control Office *
      California Opinion Unit * California Outreach and Technical Assistance
      Network (OTAN) * California Park and Recreation Commission * California
      Peace Officer Standards and Training (POST) * California Performance
      Review (CPR) * California Permit Information for Business (CalGOLD) *
      California Physical Therapy Board * California Physician Assistant
      Committee * Ca lifornia Plant Health and Pest Prevention Services *
      California Policy and Evaluation Division * California Political Reform
      Division * California Pollution Control Financing Authority *
      California Polytechnic State University, San Luis Obispo * California
      Postsecondary Education Commission * California Prevention Services *
      California Primary Care and Family Health * California Prison Industry
      Authority * California Procurement Division * California Public
      Employees Retirement System (CalPERS) * California Public Employment
      Relations Board (PERB) * California Public Utilities Commission (PUC) *
      California Real Estate Services Division * California Refugee Programs
      Branch * California Regional Water Quality Control Boards * California
      Registered Veterinary Technician Committee * California Registrar of
      Charitable Trusts * California Republican Caucus * California Research
      and Development Division * California Research Bureau * California
      Resources Agency * California Respira tory Care Board * California
      Rivers Assessment * California Rural Health Policy Council * California
      Safe Schools * California San Francisco Bay Conservation and
      Development Commission * California San Gabriel and Lower Los Angeles
      Rivers and Mountains Conservancy * California San Joaquin River
      Conservancy * California School to Career * California Science Center *
      California Scripps Institution of Oceanography * California Secretary
      of State Business Portal * California Secretary of State * California
      Seismic Safety Commission * California Self Insurance Plans (SIP) *
      California Senate Office of Research * California Small Business and
      Disabled Veteran Business Enterprise Certification Program * California
      Small Business Development Center Program * California Smart Growth
      Caucus * California Smog Check Information Center * California Spatial
      Information Library * California Special Education Division *
      California Speech-Language Pathology and Audiology Board * California S
      tandardized Testing and Reporting (STAR) * California Standards and
      Assessment Division * California State Administrative Manual (SAM) *
      California State Allocation Board * California State and Consumer
      Services Agency * California State Architect * California State
      Archives * California State Assembly * California State Association of
      Counties (CSAC) * California State Board of Education * California
      State Board of Food and Agriculture *California Office of the Chief
      Information Officer (OCIO) * California State Children's Trust Fund *
      California State Compensation Insurance Fund * California State
      Contracts Register Program * California State Contracts Register *
      California State Controller * California State Council on Developmental
      Disabilities (SCDD) * California State Disability Insurance (SDI) *
      California State Fair (Cal Expo) * California State Jobs Employment
      Information * California State Lands Commission * California State
      Legislative Portal * California State Le gislature * California State
      Library Catalog * California State Library Services Bureau * California
      State Library * California State Lottery * California State Mediation
      and Conciliation Service * California State Mining and Geology Board *
      California State Park and Recreation Commission * California State
      Parks * California State Personnel Board * California State Polytechnic
      University, Pomona * California State Railroad Museum * California
      State Science Fair * California State Senate * California State Summer
      School for Mathematics and Science (COSMOS) * California State Summer
      School for the Arts * California State Superintendent of Public
      Instruction * California State Teachers Retirement System (CalSTRS) *
      California State Treasurer * California State University Center for
      Distributed Learning * California State University, Bakersfield *
      California State University, Channel Islands * California State
      University, Chico * California State University, Dominguez Hills * C
      alifornia State University, East Bay * California State University,
      Fresno * California State University, Fullerton * California State
      University, Long Beach * California State University, Los Angeles *
      California State University, Monterey Bay * California State
      University, Northridge * California State University, Sacramento *
      California State University, San Bernardino * California State
      University, San Marcos * California State University, Stanislaus *
      California State University (CSU) * California State Water Project
      Analysis Office * California State Water Project * California State
      Water Resources Control Board * California Structural Pest Control
      Board * California Student Aid Commission * California Superintendent
      of Public Instruction * California Superior Courts * California Tahoe
      Conservancy * California Task Force on Culturally and Linguistically
      Competent Physicians and Dentists * California Tax Information Center *
      California Technology and Administration Bran ch Finance * California
      Telecommunications Division * California Telephone Medical Advice
      Services (TAMS) * California Transportation Commission * California
      Travel and Transportation Agency * California Unclaimed Property
      Program * California Unemployment Insurance Appeals Board * California
      Unemployment Insurance Program * California Uniform Construction Cost
      Accounting Commission * California Veterans Board * California Veterans
      Memorial * California Veterinary Medical Board and Registered
      Veterinary Technician Examining Committee * California Veterinary
      Medical Board * California Victim Compensation and Government Claims
      Board * California Volunteers * California Voter Registration *
      California Water Commission * California Water Environment Association
      (COWPEA) * California Water Resources Control Board * California
      Welfare to Work Division * California Wetlands Information System *
      California Wildlife and Habitat Data Analysis Branch * California
      Wildlife Conservation Board * California Wildlife Programs Branch *
      California Work Opportunity and Responsibility to Kids (CalWORKs) *
      California Workers Compensation Appeals Board * California Workforce
      and Labor Development Agency * California Workforce Investment Board *
      California Youth Authority (CYA) * Central Valley Flood Protection
      Board * Center for California Studies * Colorado River Board of
      California * Counting California * Dental Board of California * Health
      Insurance Plan of California (PacAdvantage) * Humboldt State University
      * Jobs with the State of California * Judicial Council of California *
      Learn California * Library of California * Lieutenant Governors
      Commission for One California * Little Hoover Commission (on California
      State Government Organization and Economy) * Medical Board of
      California * Medi-Cal * Osteopathic Medical Board of California *
      Physical Therapy Board of California * Regents of the University of
      California * San Diego State University * San Francisco St ate
      University * San Jose State University * Santa Monica Mountains
      Conservancy * State Bar of California * Supreme Court of California *
      Teach California * University of California * University of California,
      Berkeley * University of California, Davis * University of California,
      Hastings College of the Law * University of California, Irvine *
      University of California, Los Angeles * University of California,
      Merced * University of California, Riverside * University of
      California, San Diego * University of California, San Francisco *
      University of California, Santa Barbara * University of California,
      Santa Cruz * Veterans Home of California.
      It doesn't matter whether you are a Democrat, a Republican or
      Independent. This list has to shock you.  Over the years, our
      politicians have created this enormous pork barrel of agencies that
      employ over 350,000 people directly and countless more via contracts
      with the State.
      All of these people get salaries, medical coverage and pensions at our
      expense and amost all are unionized.  Take a good, close look.

      This says everything about how governmental bureaucracies have
      overwhelmed our budgets and confiscated our wealth!

      The debt in the system has not been eliminated — it has merely been moved from banker to taxpayer....................A MUST READ

      From the Economist's Buttonwood column;
       The debt in the system has not been eliminated — it has merely been moved from banker to taxpayer:

      It is three years since Bear Stearns was pushed into the arms of J P Morgan and the fundamental debt problem has not been resolved. The debt has been moved around but not eliminated. This has undoubtedly bought time and I quite understand the point made frequently by my colleague on Free Exchange that governments and central banks have acted to protect workers from losing their jobs and to prevent consumption from collapsing. In this, they have had a fair degree of success.

      But the debt is still there.

      It must be eliminated by growth, inflation or default. In the case of Greece, the growth option looks out of the question and the country cannot really generate inflation on its own because it does not control its money supply; default at some stage seems inevitable. Like Greece, Portugal has a competitiveness as well as a debt problem; eliminating the former without depreciating the currency involves force-feeding the population with gruel for many years. At some stage, default may seem the better option.

      The US has better growth prospects than most European nations and has the "exorbitant privilege" of issuing debt in the world's reserve currency, which keeps the cost down. But it resembles one of those Greek myths when the hero's power is accompanied by a curse; in this case, a political system that is not designed for serious deficit-cutting (the point made by the recent S&P warning). The world's dominant power tends to think its financial strength will never drain away. But Spain, having absorbed all that gold and silver from Latin America, still defaulted on its debts in the 16th century; Louis XIV, the sun king whom other monarchs dreamed of emulating, set France on the road to financial ruin; and Britain started the 20th century with a huge empire and piles of overseas assets but was rationing food in peacetime by the late 1940s."
      Incomes will never rise to inflated prices. Prices will fall to incomes.
      When all is said and done, DEFLATION is coming!



      The United State has fallen behind other nations, failing to provide affordable health care to its citizens. Americans spend $477 billion a year MORE on health care than other advanced countries. So why do we pay so much compared to other wealthy nations? This infographic is part one in a two part series which dissects the state of our health care system and presents some alarming numbers.

      Wednesday, April 27, 2011

      "The Mother Of All Paradigm Shifts".............. INVESTORS HAD BETTER THINK ABOUT THIS.

      "The Mother Of All Paradigm Shifts"

      In his presentation on the end of cheap energy, Jeremy Grantham takes a look at which natural resources have violently deviated from their long-term downdraft.

      As the following chart shows, we were on a major 1.2% annualized downturn up until the early 200s, that's been violently broken.

      resource scarcity

      But in his view that's been broken.

      The below table shows the odds of a given commodity still being on this downtrend.

      He writes:

      It has a 1 in 2.2 million chance that it is still on its original declining price trend. Now, with odds of over a million to one, I don't believe the data. Except if it's our own triple-checked data. Then I don't believe the trend! The list continues: coal, copper, corn, and silver ... a real cross section and all in hyper bubble territory if the old trends were still in force. And look at the whole list: twelve over 3-sigma, eleven others in 2-sigma territory (which we have always used as the definition of a bubble), four more on the cusp at 1.9, two more over 1.0, and three more up. Only four are down, three of which are insignificantly below long-term trend, and the single outlier is not even an economic good – it's what could be called an economic "bad" – tobacco. This is an amazing picture and it is absolutely not a reflection of general investment euphoria.





      THIS Is What Two Decades Of Stagnation Look Like.................

      THIS Is What Two Decades Of Stagnation Look Like..... even after all of the stimulus and bailouts all we have to show for it is an economy that is imbalanced and unsustainable. Yes the stock market is up but so is unemployment and every commodity known to man, and more importantly interest rates are ready to rise at the slightest sign that the Fed has lost control or that foreign investors are growing tired of all the monetary games.  

      If you want to see what years and years of stagnation looks like here it is;

      CPI has been flatlined for years

      CPI has been flatlined for years

      Image: St. Louis Fed

      Industrial production still below where it was in 1990

      Industrial production still below where it was in 1990

      Image: St. Louis Fed

      And same too with retail sales

      And same too with retail sales

      Image: St. Louis Fed

      And does this chart of collapsing labor force participation rate look familiar

      And does this chart of collapsing labor force participation rate look familiar

      Image: St. Louis Fed

      Real GDP growth has been on a steady downward trend

      Real GDP growth has been on a steady downward trend

      Image: St. Louis Fed



      #1 Food demand is rising
      #1 Food demand is rising
      Detail: The fact that food inflation leads core inflation in most countries reflects the rising demand for food and soft commodities, like corn and wheat. With food security threats sovereigns are rushing in to buy up land and farmland is becoming increasingly scarce.

      #2 Inflation is red hot

      #2 Inflation is red hot
      Detail: Farmland is like gold, because there's a limited amount in the market a demand causes a jump in prices. Globally, it has appreciated at a rate 2% higher than inflation since the 1950s according to Marketwire.

      #3 Farmland offers stable returns

      #3 Farmland offers stable returns
      Detail: The NCREIF Corn Belt Farmland Index has had total returns of 11.43% from January 1991 to December 2008 according to Agrinuity.

      #4 Farmland offers portfolio diversification

      #4 Farmland offers portfolio diversification
      Detail: Developed markets are a better fit for investors concerned solely with wealth preservation, according to a report by Savills, even though values are higher, reflecting the sophistication of the agricultural industry. These include Western Europe, USA, Canada, Australia and New Zealand.

      #5 You can get tax breaks for buying farmland

      #5 You can get tax breaks for buying farmland
      Detail: In the U.K. income off farmland investment benefits from tax planning advantages like IHT (inheritance tax) relief if you've lived on the land for two years. Property owners also benefit from a business relief for 5 years if their farmland makes a loss. The U.S. and Canada offer tax incentives as well.

      OUTLOOK: Brazil

      OUTLOOK: Brazil
      Headline: Brazil's agricultural land prices have gone up 350% since 2000.

      Detail: Foreign investors own 5 million hectares (approximately 12.4 million acres) of Brazilian farmland according to The Rio Times. In 2010 then President Lula da Silva had announced measures to clamp down on foreign land ownership but the government has since told investors it isn't looking to block foreign investment. With 19% of the world's arable land which sells at an average price of $2,700 per hectare (approximately 2 1/2 acres), it is no surprise that Brazil is a popular investment destination.

      Big investment: In 2010, Macquarie Group backed AMERRA Capital and Bunge Capital announced that it was looking to invest in Brazil according to Reuters. Phil Corzine's South American Soy LLC already owns 3,600 acres in Brazil which has upcoming projects in the $5 - 50 million bracket.

      OUTLOOK: Tanzania

      OUTLOOK: Tanzania
      Headline: African countries have recently been selling and leasing vast quantities of land to sovereign wealth funds looking for food security

      Detail: Unfair land grabs in Africa have resulted in many countries leasing their land, instead of selling it outright. Tanzania allows for land ownership, dry land and land for pastures and grazing ranges from approximately $ 900 - $1,080. Land for plantations and with irrigation facilities can cost between $3,600 - $5,400, according to Savills.

      Big investment: Pharos Miro Agricultural Fund, a joint venture between U.A.E.'s Pharos Financial Group and London-based Miro Holdings International, is looking is looking to invest $350 million in farmland across Africa and Europe and is looking to lease about 50,000 hectares (approx. 123,550 acres) for 98 years, according to Reuters.


      Headline: Farmland prices have been on the rise in the U.S. in keeping with rising corn prices

      Detail: In Iowa the best land saw its value increase by 13% up to about $5,000 per acre while Minnesota had a comparable 12% increase selling between $4,000 - $5,000 per acre. Jason Henderson an economist with Reserve Bank of Omaha told the AP:

      "We're starting to see more interest in farmland purchases by nonfarm investors," Henderson said. "It's more attractive than other kinds of fixed income investments, CDs, stock market investments. It looks like an attractive rate of return for some investors."

      Big investment: UBS AgriVest customizes portfolios for clients with a minimum investment of $50 million. Its farmland investments amounted to $544 million at the end of FY2010's third quarter, according to Barron's.

      OUTLOOK: Argentina

      OUTLOOK: Argentina
      Headline: Argentina offers some of the best quality land in South America and gives investors legal titles.

      Detail: Argentina's farmland value has appreciated 10% in 2010 and can cost up to $14,000 per hectare (approximately 2 1/2 acres) according to With upcoming elections in Argentina and potential policy changes to farmland investment, people are looking to Uruguay as well where prices can range anywhere from $3,750 - $9,000 per hectare, according to Savills.

      Big investment: DGC Business Consulting Ltd. has 5 - 10 year investment options in Argentinian farmland starting at $16,000, which promise up to 14% annual returns.

      OUTLOOK: Australia

      OUTLOOK: Australia
      Headline: Foreign companies have often tried to buy up Australian companies to get a foot in the commodities market and control land.

      Detail: Investors are likely to venture into Australia's pastoral land, livestock and horticultural farming, and its prices are more attractive than neighboring New Zealand. Australia's floods and resulting crop disaster this year however provide the perfect example of risks in farmland investment.

      Big investment: Spain's Ebro Foods is trying to acquire Australian SunRice for $600 million. Swiss company Glencore International operates through its Australian subsidiary Glencore Grain which farms 300,000 hectares (approximately 741,000 acres) of land in Australia, Paraguay, Russia, Ukraine and Kazakhstan.




      A typical household plot in Fedyakovo, Russia

      Image: Wikimedia Commons

      Average price per hectare: $300 - $1,000 depending on size of holding and progress of freehold application

      2010 price change: -10%

      Background: Farmland in Russia can come with political and economic risks. Acquiring freehold estates in the country is complicated. Last year's severe drought, extreme heat, and resulting wildfires ruined about 10.1 million hectares of land, or 32% of all land under cultivation, according to Bloomberg.

      Data provided by The Knight Frank International Farmland Index via The Wealth Report



      Image: PhillipC via Flickr

      Average price per hectare: $23,000 for dairy farms

      2010 price change: -3%

      Background: Since 90% of the country's milk output is exported, land prices in New Zealand are closely connected with the health of the dairy sector.

      Data provided by The Knight Frank International Farmland Index via The Wealth Report



      Farm workers weed a maize field on a farm near Lusaka, Zambia

      Image: AP

      Average price per hectare: $1,000 - $1,500 for a long leasehold

      2010 price change: N/A

      Background: Land values here are likely to be affected by politics and changes in weather. Foreign investors are often viewed as land grabbers and neo-colonialists. Zambian politicians have in the past suggested nationalizing land.

      Data provided by The Knight Frank International Farmland Index via The Wealth Report



      Image: AP

      Average price per hectare: $150 - $350 for a five-to-ten year lease

      2010 price change: 0%

      Background: Ukraine bans the sale of agricultural land. Food production companies typically lease plots from individual owners but Ukrainian President Viktor Yanukovych said farmland in the country will finally be sold in 2012. Experts however advise against investing on the expectation that the moratorium will be lifted.

      Data provided by The Knight Frank International Farmland Index via The Wealth Report



      Image: pragmatopian via Flickr

      Average price per hectare: $1,560 - $3,250 but prices depend on size of holding

      2010 price change: 0%

      Background: With only 3% of its 9.7 million hectares of agricultural land in use, there's a lot of open space in Romania. The country has flexible legislation on land ownership and use. Investors do need to look for consolidated land since a lot of land is broken up into smaller plots.

      Data provided by The Knight Frank International Farmland Index via The Wealth Report



      Image: Olgierd Pstrykotwórca via Flickr

      Average price per hectare: $4,550 - $8,125 though price depends on size of holding

      2010 price change: 0%

      Background: The European Commission is trying to implement reforms that require greater equality in the distribution of farm subsidies in the EU which could benefit Poland, according to Reuters.

      Data provided by The Knight Frank International Farmland Index via The Wealth Report



      Image: AP

      Average price per hectare: $1,600 - $1,700 for dry land that is arable with reliable rainfall

      2010 price change: +2%

      Background: Ownership in Australia is not restricted, and farmland here has the benefits of first-world governance and the prices of emerging nations. A huge exporter, land values are impacted by the price of agriculture commodities, according to the report.

      International Farmland Index via The Wealth Report



      Image: AP

      Average price per hectare: $6,000 for dry land that allows double-cropping in west Bahia

      2010 price change: +6%

      Background: Political changes could have a significant impact on land values in Brazil. In 2010, former President Lula da Silva announced measures to restrict foreign land ownership.

      Data provided by The Knight Frank International Farmland Index via The Wealth Report



      Image: AP

      Average price per hectare: $1,300 for Saskatchewan province

      2010 price change: +7%

      Background: Saskatchewan is one of three Canadian prairie provinces offering farmland at emerging-economy prices. While there are no clear economic, political, or climatic risks, the Canadian government heavily restricts foreign investment in the land.

      Data provided by The Knight Frank International Farmland Index via The Wealth Report



      Image: cwwycoff1 via Flickr

      Average price per hectare: $16,000 for quality dryland in cornbelt states

      2010 price change: +8%

      Background: Land values appreciated 16% in 2010 because of increasing rent and commodity prices. States like Iowa restrict ownership by investors and corporations to curb speculation, according to the report.

      Data provided by The Knight Frank International Farmland Index via The Wealth Report



      Image: Wikimedia Commons

      Average price per hectare: $5,000 - $10,000 for central provinces

      2010 price change: +10%

      Background: In February 2011, Argentinian president Cristina Kirchner announced that she was creating a bill that would limit foreign ownership of land, according to The National. Policymakers are upset that foreigners already own 10% of Argentinian land.

      Data provided by The Knight Frank International Farmland Index via The Wealth Report



      Farm workers drive cattle in Argentina's Entre Rios province

      Image: AP

      Average price per hectare: $1,200 - $2,500 for northern provinces

      2010 price change: +10%

      Background: Investors looking to buy Argentinian land need to be cautious of political and economic risks. Argentina does levy large export taxes on most agricultural commodities but production costs are low and investors can gain legal title, according to Savills.

      Data provided by The Knight Frank International Farmland Index via The Wealth Report



      A soy plantation is seen near Santarem in Para, Brazil

      Image: AP

      Average price per hectare: $300 for native bush with high cattle potential

      2010 price change: +11%

      Background: Prices of Brazilian land tend to be affected by the market for soft commodities like soy beans, according to the report. On the policy front, it is widely believed that restrictions on land ownership will likely be reviewed to differentiate investors interested in developing the land from speculators and sovereign funds.

      Data provided by The Knight Frank International Farmland Index via The Wealth Report



      Image: Wikimedia Commons

      Average price per hectare: $22,000 which is the average for all land types

      2010 price change: +13%

      Background: Land in England doesn't have any ostensible political or climatic risks that investors need to be aware of. In fact investors even qualify for tax breaks.

      Data provided by The Knight Frank International Farmland Index via The Wealth Report



      Image: AP

      Average price per hectare: $7,000 for dry land with potential for double-cropping

      2010 price change: +20%

      Background: Government reform could set a cap of 5,000 hectares for foreign buyers. Plans to release 100 million hectares of land to foreign owners have been put on hold, according to the report.

      Data provided by The Knight Frank International Farmland Index via The Wealth Report



      Image: Wikimedia Commons

      Average price per hectare: $12,000 for top sugar cane land

      2010 price change: +24%

      Background: The average value of Brazilian farmland has soared 350% since 2000. Land in the south has seen the highest value increases, according to Savills.

      Data provided by The Knight Frank International Farmland Index via The Wealth Report