Culture of Life News Thu 2010-05-20 16:57 EDT

Imbalances In World Trade Cause Tectonic Shifts In Power

Elaine Supkis

...Very, very soon, China will be the world's #1 oil buyer and shortly after this, the yuan will suddenly displace the dollar as the currency which determines the value of oil deals. Then, the yuan/dollar peg will vanish. And we better prepare for this day: it is INEVITABLE. We will suddenly find out where all those many trillions of US dollars are hidden in various foreign FOREX accounts and then hyperinflation will rage...for the US dollar, not the Chinese yuan...

Culture; imbalances; Life News; Power; World Trade Cause Tectonic Shifts.

Culture of Life News Mon 2010-04-26 18:42 EDT

Xenophobia Is Very Destructive

Elaine Supkis

Japan always interests me because it is at the center of the ZIRP system which is, in the Cave of Wealth and Death, the place where economies go to die. Despite a 50 year record of successfully preventing any US penetration of Japan's domestic market while selling higher and higher quality goods to the US, the country finds itself mired in a perpetual depression. The gap between the rich and poor are widening while the country struggles with xenophobia which prevents foreign influences from seeping in...

Culture; DESTRUCTION; Life News; Xenophobia.

Culture of Life News Tue 2010-04-06 10:23 EDT

Ireland And US Will Be Devoured By Derivatives Beast

Elaine Supkis

The banking mess in the West continues. It has rather deep roots. That is, we decapitalized our own banking system long, long ago. The fix for this was to create a fake banking system with virtually no real capital reserves at all. This was possible thanks to the floating fiat currency created when Nixon suddenly cut the gold standard back in 1971. By 1987, the banking collapse was tremendous during a deflationary time that followed a hyperinflation era. This fix created conditions that caused the near-total collapse in Western banking...So far, governments in the West are being bailed out by Asia. And this is being done so Asia can continue to rapidly expand its own industrial base. This savage business gets worse and worse over time due to the self-feedback system of this debt expansion: you get more credit from export powers via letting them export even more to your own home base. So as capital vanishes, the need for debt shoots upwards and the system continues to get more and more unbalanced...Sure, we have little inflation except in important commodities but this is due to the Goddess of Zero slashing away at the mountain of debt, using the default tool to fix this mess in a very brutal way. Unfortunately, the bankers still control our `democracy' so they are moving all their losses onto our books and far from things going to zero, it is actually heading towards infinity: infinite debts owed by the taxpayers who want to continue stupidly cutting taxes while increasing credit based on virtually no capital at all! Sheesh.

Culture; Derivative Beast; devouring; Ireland; Life News.

Culture of Life News Tue 2010-03-30 16:01 EDT

Empires Must Regulate Trade And Finances

Elaine Supkis

I keep harping on the trade deficit issue since all of the other messes revolve around this misbalance...The `Me, Myself, and I' ethos is self-centered, childish and foolish. It comes out of living inside a major empire. The individual puffs up him or herself and decides, thanks to being fairly free inside of this empire, that the empire is stupid and doesn't need to be coaxed, nurtured or controlled. Instead, various individuals work day and night to evade taxes that support the imperial superstructure. They bribe politicians to allow looting of the purse via inflated war costs, corruption in buying services, tweaking laws so they channel all collective wealth into a few individual pockets, etc...The people are a collective. If they are individuals, they will be eaten by internationalist wolves or other empires that are not individuals. This is a harsh historical lesson: individuals eventually lose to organized groups...Mostly, throughout history, the freest people have been the CITIZENS of an empire (NOT the victims being oppressed by the empire). Free nations exist only in the shadows of an empire...This is why growing and preserving empires is more important than pretending to be an individual who has no ties to anything. Seriously, when major empires fall, the ability to roam the planet at will vanishes pretty fast...

Culture; Empire; finance; Life News; regulate trade.

Culture of Life News Fri 2010-03-12 07:51 EST

Toyota Tears Of Regret

Elaine Supkis

Toyota decided long ago during the push to force Japan to open the doors to imports from the US to balance Toyota exports to the US, that they would colonize the US by opening factories here. This allowed them to pocket all the profits while keeping the door open to selling 2-4 million cars every year in the US. This clever move paid off quite handsomely and now many Americans think Toyota is benign and not a major, major cause of the capital drain as well as job drain in the US.

Culture; Life News; regrets; Toyota Tears.

Culture of Life News Sun 2010-01-31 11:46 EST

US Dollar No Longer Main FOREX Currency

Elaine Supkis

A meteorite came crashing through the stratosphere on Tuesday. A reminder about what real danger is all about. The US dollar is breaking apart in the stratosphere, too. The FOREX holdings of all our major trade rivals is rapidly changing from sucking in US dollars to sucking in yen and euros. Both Japan and the EU hate this but can't stop it. As I predicted in July, 2007, the final result of the US, EU and Japan demanding China strengthen the yuan while not demanding Japan strengthen the yen, has led to this global shift in dollar holdings.

Culture; Dollar; Life News; Longer Main FOREX Currency.

Culture of Life News Mon 2010-01-04 16:52 EST

The Horrors Of The Carbon Trade Derivatives Beast

Elaine Supkis

There are many ways of fixing things. Using the right tools is important. The international bankers have chosen a very nasty tool for fixing both global warming and dealing with the Hubbert Oil Peak: wild derivative futures markets modeled on the goofy OTC --CDS market! The thing that just destroyed international banking. We mustn't forget that the reason we had a banking meltdown was due to the sudden climb in energy prices beginning with the invasion of Iraq.

Carbon Trade Derivatives Beast; Culture; horror; Life News.

Tue 2009-01-06 00:00 EST

Money Matters: Ending Free Trade Vital For US Survival As Nation

by Elaine Meinel Supkis

Ending Free Trade Vital; money matters; nation; survive.

Fri 2008-12-12 00:00 EST

THREE STUPID GENIUSES: GREENSPAN, RUBIN and SUMMERS << Culture of Life News

THREE STUPID GENIUSES: GREENSPAN, RUBIN and SUMMERS, by Elaine Meinel Supkis << Culture of Life News; Japanese carry trade; the dangers of long, long depressions caused by people inheriting wealth; Ayn Rand; kill the lower classes off, clip coupons and marry each other and concentrate wealth more and more in the hands of fewer and fewer people.

Culture; Greenspan; Life News; Rubin; stupid genius; summer.

Tue 2008-10-07 00:00 EDT

rrrojer.net >> Despite Everything, I Still Love America

Joe Bageant; Matt Taibbi; Sarah Palin; Camille Paglia; Elaine Meinel Supkis; James Kunstler

Love America; net; rrrojer.

Tue 2008-09-02 00:00 EDT

Money Matters: Collapse Will Get Worse, Not Better

by Elaine Meinel Supkis

better; Collapse; money matters; worse.

Wed 2008-07-23 00:00 EDT

Money Matters: Congress Nationalizes Mortgage Debts

by Elaine Meinel Supkis; "The US faced bankruptcy this morning and has decided to obey the real rulers."

Congress Nationalizes Mortgage Debts; money matters.

Mon 2008-06-16 00:00 EDT

Money Matters: WP Tries To Tell Housing Bubble Story

by Elaine Meinel Supkis

money matters; Tell Housing Bubble Story; WP Tries.

Fri 2008-02-15 00:00 EST

Money Matters: World Elite Rats Destroy U.S. Sovereignty

by Elaine Meinel Supkis; in comments: "people can't credit a handful of intelligent and very directed and motivated people who desire to launch a war...The 'leaders' mill around, hoping for excuses to draw the sword and attack. But the sort of people who launched the 9/11 attacks were classic in their organization and the way they carried out their plans. The US contribution was to ignore them, not interfere with them and to let them do as the attackers wished. The DESIRE of Bush for an attack was very great."

money matters; World Elite Rats Destroy U.S. Sovereignty.

Wed 2008-01-30 00:00 EST

Money Matters: Rate Cuts Fuel Gold Speculation

by Elaine Meinel Supkis

money matters; Rate Cuts Fuel Gold Speculation.

Tue 2008-01-22 00:00 EST

Money Matters: The Lone Ranger's Silver Bullet Rate Cuts Saves Markets

by Elaine Meinel Supkis; "When Britain and France used the Long Depression to expand their empires, both Germany and the USA used this time frame to build rail roads, ports, navies, farms, factories and educational centers. As France and England denuded their home states to increase invasive military power that took in the raw resources of the world, their people got weaker and their incomes fell and they went hungry and in rags in slums or fled their homelands to the New Worlds."

Lone Ranger's Silver Bullet Rate Cuts Saves Markets; money matters.

Mon 2008-01-21 00:00 EST

Money Matters: The Bank of England And the Panic Of 1873

by Elaine Meinel Supkis

1873; bank; England; money matters; panic.

Fri 2008-01-18 00:00 EST

Money Matters: Dr. Jekyll And Mr. Hyde Conspire To Destroy Us

by Elaine Meinel Supkis; Supkis predicts "IF JAPAN INTERVENES OPENLY TO WEAKEN THE YEN, CHINA WILL DUMP THEIR FOREX RESERVES OF DOLLARS ONTO THE OPEN MARKET AND TANK THE DOLLAR."

destroyed; Dr. Jekyll; money matters; Mr. Hyde Conspire.

Fri 2008-01-18 00:00 EST

Money Matters: Cheap Money Extracts A Terrible Price In The End

by Elaine Meinel Supkis; "Eventually the Chinese and the Muslims just might unite forces and force a gold standard again."

Cheap Money Extracts; ending; money matters; terrible price.

Wed 2008-01-16 00:00 EST

Money Matters: Tsunami Of Red Ink Slams In Global Banking Systems

by Elaine Meinel Supkis; "The US plans to go bankrupt. I feel it in my bones."

global banking system; money matters; Red Ink Slams; Tsunami.

Mon 2008-01-07 00:00 EST

Money Matters: Mexican Truckers Still Allowed Into US

by Elaine Meinel Supkis; "All the world's currencies are 'misaligned' because monetarism is the new tool for DESTROYING OTHER NATION'S INDUSTRIAL POWERS!"

allowed; Mexican truckers; money matters.

Mon 2008-01-07 00:00 EST

Money Matters: Yen Rises, Nikkei Falls

by Elaine Meinel Supkis; "Thus is the inglorious end to globalization: the simultaneous attempt at kamikaze-inspired crashing of currencies into the flight decks of trade rivals."; Japanese use of forex reserves to weaken the yen caused the Asian currency crisis

money matters; Nikkei falls; yen Rises.