LNR believes that the so-called and unqualified self-declaring economists in the media have it just the OPPOSITE. It's the USA that has a certain large Asian country by the "gonads" as it were.
The mainstream media wishes to extoll the vulnerability and control that the big Asian country has with its ownership of approximately ONE trillion of US debt- in T-bills. LNR has already explained the various reasons why that particular Asian country would NOT exercise its power to "dump" those T-bills- mainly because it would devalue the very debt they are trying to recover- dumping T-bills on that scale would turn the value of their debt to near zero. But, aside from the economic reality- that dumping that debt would hurt the Asian country more than America, the huge element of this "economic" theoretical debate is how easily America could retaliate. The economic counter-weapon that America has is MUCH more relevant to that Asian country than T-bills are to America. America's first counter-attack would be to slap a 300% tariff on the goods of that Asian country. America purchases over 372 billion USD of that Asian countries goods, which represents a whopping 9% of that Asian country's GNP and 20% of all its exports. Whereas, the one trillion of T-bills they hold of America represents only about 6.8% of America's GNP. Who has who by the gonads ? Let's also recognize the value of each of these potential financial weapons- the T-bills, this is not an insurmountable problem- with raising of rates there would be plenty of other foreign and domestic buyers. Also recognize that the 1 trillion in debt holdings has taken years to accumulate, whereas halting purchases of that Asian country's goods is valued on a "yearly" basis. This means that the loss of American purchases from that Asian country (imports) would amount to several trillion dollars lost to the big Asian country over just a few years- NOT an insurmountable problem- it would cause utter financial chaos- with tens of millions more unemployed and THE major loss of their foreign currency earnings.
The T-bill debt held by that Asian country is NOT a linchpin in the America economy- why ? Because the amount is small and the most important fact- it's denominated in the US dollar !! We can print all the legal tender we need in an emergency such as we face right now, it's simply absurd to think of the T-bill debt held by that Asian country is given such attention, when you have over 9.8 trillion dollars in stocks of money and quasi money, another 2 trillion under tarp, 19 trillion in domestic credit and 20 trillion in the US stock markets - aside from savings, retirements, home equities, etc, etc, that right there is over 51 trillion dollars available. How does the media continue to make a mere 1 trillion in t-bills owed to that large Asian country such a CONTROLLING threat to the American economy. .... its not a threat. ... it's just another old story being rehashed by incompetent journalists impersonating economists.
The T-bills held by the large Asian country is simply American money come home. These stories of foreigners holding American dollars or debt is not new. If you recall during the 1970's it was the threat that Saudi Arabia and other "Arab" nations had against America with all the petro-dollars gained by huge oil imports by America- in turn- ofcourse, paying for those oil purchases with American dollars. Where did those Arab countries put their money before they began massive infrastructure development projects at home? America- those petro-dollars came back to America in the form of investments and real estate purchases. At the time, the media was all ablaze at the "threat" of all those dollars being spent "buying up" America. That America would have to realign itself against Israel and in favor of the Arab nations because of the so-called "strangle-hold" the Arab nations had with its petro-dollars. .... of course- it never came to pass, because then- as now, the amount was actually not significant to the overall American economy and stock of money and credit and it could not be used as a weapon without hurting the aggressor more than the intended victim.
The second wave came with the Japanese as you may recall. As America imported much more than it exported to Japan, the Japanese also built up a huge amount of American dollars it held as reserves and turned to invest in America. If one is old enough to remember, the media - Time magazine, etc, was inundated with Japan as the NEW Rising Sun, soon to eclipse America- America's time was passed, Japanese money was buying up Rockefeller Center in New York, soon Japan would OWN America !
... it never came to pass. Even in those heady days of the 1980's Japan was never more than 3rd on the list of the biggest investors in America, behind Britain and Holland. It was a myth that America was going to be bought up, or controlled by Japanese money. And again, that money was NOT Japanese, it was "trade surplus" American dollars which were making its way back to America.
Now, the third wave- the same old story being hashed up about the t-bill debt held by that certain Asian country. If you look at the analysis, it seems all the great world economic powers know where to invest when they become rich- IN AMERICA ! The T-bill debt represents a vote of confidence in the American economy- it shows that when you hold a surplus of America dollars- where should you invest it ? Of course, as always, back into the American economy. And, those t-bills represent "AMERICAN" money coming home, NOT money produced by some other economy or country.
Sunday, April 19, 2009
Tuesday, April 14, 2009
Climate Change Disaster !
Please write to LNR to explain, what exactly is the big disaster with a "slightly' warmer climate and some rising sea levels ? What is the huge danger that the pseudo-scientists are screaming about (the louder they scream the more funding they get right) ? Please submit a list of the "catastrophe" the earth is facing with a warmer climate of which the earth has experienced many times before without disaster ? Of course, that is if the weather people are actually even correct in their computer modeled extrapolation theories that are to take effect 100 years from now- despite their inability to tell me what the weather is going to be like next month.
UN Steals Money from America
Remember LNR's story a short while ago, saying that UN Secretary General Ban Ki Moon was wrong in calling America a "deadbeat" for not paying UN dues. Check out today's story picked up by the Drudge report which substantiates what LNR was saying, the U.S. is delaying payments to the UN until audits and other investigations reveal WHERE the UN is spending American tax dollars. This latest investigation confirms the widespread abuse of American taxpay money by corrupt UN officials. LNR's author had worked for the UN for over 12 years and can attest to the top to bottom corruption. In fact, LNR's author made two separate official exposures of UN corruption in the UN's Criminal Tribunal for the Former Yugoslavia. The response of the first was- silence from the UN's Oversight Committee in Vienna, and the second complaint resulted in the UN offering a "big" promotion within the UN's system in return for LNR's author "dropping" the second exposure. (this case is still pending)
Report: U.N. spent U.S. funds on shoddy projects
Updated 1d 5h ago | Comments 529 | Recommend 24 E-mail | Save | Print | Reprints & Permissions |
Yahoo! Buzz Digg Newsvine Reddit FacebookWhat's this?By Ken Dilanian, USA TODAY
WASHINGTON — Two United Nations agencies spent millions in U.S. money on substandard Afghanistan construction projects, including a central bank without electricity and a bridge at risk of "life threatening" collapse, according to an investigation by U.S. federal agents.
The U.N. ran a "quick impact" infrastructure program from 2003 to 2006 under a $25 million grant from the U.S. Agency for International Development. The U.N. delivered shoddy work, diverted money to other countries and then stonewalled U.S. efforts to figure out what happened, according to a report by USAID's inspector general obtained by USA TODAY under the Freedom of Information Act.
REPORT: Read full investigation
"Due to the refusal of the United Nations to cooperate with this investigation, questions remain unanswered," the report says.
Federal prosecutors in New York City were forced to drop criminal and civil cases because the U.N. officials have immunity, according to the report. USAID has scaled back its dealings with the U.N. and hired a collection agency to seek $7.6 million back, Deputy Administrator James Bever said. The aid agency hasn't heeded its inspector general's request to sever all ties.
"There are certain cases where working with the U.N. is the only option available," Bever said in an e-mail.
The quick-impact program was designed to demonstrate results and promote confidence in the reconstruction effort, but the report suggests it did the opposite.
One U.N. employee told investigators that "about $10 million of USAID grant money went to projects in other countries, to include Sudan, Haiti, Sri Lanka and Dubai." That witness said the Afghanistan country director for the U.N. Office for Project Services (UNOPS), which served as the contractor on the project for the U.N. Development Program (UNDP), spent about $200,000 in U.S. money to renovate his guesthouse. Witness names were withheld by USAID.
The development program hired UNOPS to do the work and kept a 7% management fee, the report says. The finances were "out of control," an unnamed project services manager told investigators.
An unnamed USAID contractor told investigators that the program was "ill conceived from the beginning. This was a political idea to do quick impact projects that would look good," the report said.
Investigators found that projects reported as "complete" were actually so shoddily built that they were unusable, the report said. For example:
•A bridge near Kandahar cost $250,000, had to be overhauled by other contractors and still was not safe. The U.N. claimed the bridge was damaged by flood, but a colonel in the U.S. Army Corps of Engineers told investigators that "falls between absolute incompetence and a lie; the project was improperly constructed."
•An airstrip in the southern town of Qalat, originally budgeted at $300,000, cost $749,000 and could not accommodate military planes.
•A $375,000 headquarters for Afghanistan's central bank lacked electricity or plumbing, and basement flooding destroyed stacks of local currency.
Investigators found that UNDP withdrew $6.7 million from a U.S. line of credit without permission in 2007, months after the project had ended. UNDP has yet to explain what happened to that money, the report says.
"This is a disturbing report and an egregious example of the kind of fraud and waste that needs to be fixed," said Mark Kornblau, a spokesman for Susan Rice, the U.S. ambassador to the U.N. "The U.S. is committed to making the U.N. more accountable."
Vitaly Vanshelboim, UNOPS deputy executive director, did not dispute that some of his agency's work was substandard and that money was improperly diverted. He said UNOPS had overhauled itself dramatically since then. An internal U.N. investigation found serious irregularities by one former official that have since been addressed through management reforms, he said.
UNDP spokesman Stéphane Dujarric called the report "disturbing." Both officials denied that their agencies failed to cooperate with investigators.
"We are continuing to work closely with USAID to get to the bottom of all of the issues they have raised," he said in an e-mail.
USAID's inspector general, Donald Gambatesa told the Commission on Wartime Contracting during a February public hearing that he was "concerned" that his agency was continuing to do business with the U.N.
Commissioner Dov Zakheim, a former Pentagon controller, asked Gambatesa whether the agencies have immunity "if they siphon (their U.S. grants) all off into Swiss banks? Is that accurate? They will be totally immune, no matter what they do with the money?"
"My understanding is, yes," Gambatesa replied.
On Monday, Alonzo Fulgham, USAID's acting administrator, met in in New York to discuss the matter with Ad Melkert, the development program's acting administrator, USAID said in a statement.
"Mr. Melkert pledged UNDP's full cooperation with USAID in reforming UNDP's project management practices, improving financial accountability and in recovering any missing funds," the statement said.
Report: U.N. spent U.S. funds on shoddy projects
Updated 1d 5h ago | Comments 529 | Recommend 24 E-mail | Save | Print | Reprints & Permissions |
Yahoo! Buzz Digg Newsvine Reddit FacebookWhat's this?By Ken Dilanian, USA TODAY
WASHINGTON — Two United Nations agencies spent millions in U.S. money on substandard Afghanistan construction projects, including a central bank without electricity and a bridge at risk of "life threatening" collapse, according to an investigation by U.S. federal agents.
The U.N. ran a "quick impact" infrastructure program from 2003 to 2006 under a $25 million grant from the U.S. Agency for International Development. The U.N. delivered shoddy work, diverted money to other countries and then stonewalled U.S. efforts to figure out what happened, according to a report by USAID's inspector general obtained by USA TODAY under the Freedom of Information Act.
REPORT: Read full investigation
"Due to the refusal of the United Nations to cooperate with this investigation, questions remain unanswered," the report says.
Federal prosecutors in New York City were forced to drop criminal and civil cases because the U.N. officials have immunity, according to the report. USAID has scaled back its dealings with the U.N. and hired a collection agency to seek $7.6 million back, Deputy Administrator James Bever said. The aid agency hasn't heeded its inspector general's request to sever all ties.
"There are certain cases where working with the U.N. is the only option available," Bever said in an e-mail.
The quick-impact program was designed to demonstrate results and promote confidence in the reconstruction effort, but the report suggests it did the opposite.
One U.N. employee told investigators that "about $10 million of USAID grant money went to projects in other countries, to include Sudan, Haiti, Sri Lanka and Dubai." That witness said the Afghanistan country director for the U.N. Office for Project Services (UNOPS), which served as the contractor on the project for the U.N. Development Program (UNDP), spent about $200,000 in U.S. money to renovate his guesthouse. Witness names were withheld by USAID.
The development program hired UNOPS to do the work and kept a 7% management fee, the report says. The finances were "out of control," an unnamed project services manager told investigators.
An unnamed USAID contractor told investigators that the program was "ill conceived from the beginning. This was a political idea to do quick impact projects that would look good," the report said.
Investigators found that projects reported as "complete" were actually so shoddily built that they were unusable, the report said. For example:
•A bridge near Kandahar cost $250,000, had to be overhauled by other contractors and still was not safe. The U.N. claimed the bridge was damaged by flood, but a colonel in the U.S. Army Corps of Engineers told investigators that "falls between absolute incompetence and a lie; the project was improperly constructed."
•An airstrip in the southern town of Qalat, originally budgeted at $300,000, cost $749,000 and could not accommodate military planes.
•A $375,000 headquarters for Afghanistan's central bank lacked electricity or plumbing, and basement flooding destroyed stacks of local currency.
Investigators found that UNDP withdrew $6.7 million from a U.S. line of credit without permission in 2007, months after the project had ended. UNDP has yet to explain what happened to that money, the report says.
"This is a disturbing report and an egregious example of the kind of fraud and waste that needs to be fixed," said Mark Kornblau, a spokesman for Susan Rice, the U.S. ambassador to the U.N. "The U.S. is committed to making the U.N. more accountable."
Vitaly Vanshelboim, UNOPS deputy executive director, did not dispute that some of his agency's work was substandard and that money was improperly diverted. He said UNOPS had overhauled itself dramatically since then. An internal U.N. investigation found serious irregularities by one former official that have since been addressed through management reforms, he said.
UNDP spokesman Stéphane Dujarric called the report "disturbing." Both officials denied that their agencies failed to cooperate with investigators.
"We are continuing to work closely with USAID to get to the bottom of all of the issues they have raised," he said in an e-mail.
USAID's inspector general, Donald Gambatesa told the Commission on Wartime Contracting during a February public hearing that he was "concerned" that his agency was continuing to do business with the U.N.
Commissioner Dov Zakheim, a former Pentagon controller, asked Gambatesa whether the agencies have immunity "if they siphon (their U.S. grants) all off into Swiss banks? Is that accurate? They will be totally immune, no matter what they do with the money?"
"My understanding is, yes," Gambatesa replied.
On Monday, Alonzo Fulgham, USAID's acting administrator, met in in New York to discuss the matter with Ad Melkert, the development program's acting administrator, USAID said in a statement.
"Mr. Melkert pledged UNDP's full cooperation with USAID in reforming UNDP's project management practices, improving financial accountability and in recovering any missing funds," the statement said.
Tuesday, April 7, 2009
Where are the JOBS?
LNR stated many months ago, when the financial "Tsunami" (you heard that term here first) hit America, that "jobs" was as important and required in parallel to keeping banks liquid. The banks have been indeed kept liquid (albeit at the common taxpayer's expense) and have kept many bankers happy that Uncle Sam has bailed them out. However, the common man has been let down- the jobs, the millions of jobs promised (and LNR has recommended that 4-5 million jobs need to be created) have not materialized. The recession will continue and NOT bottom out until millions of new jobs are created.
Sunday, April 5, 2009
North Korea Defies the World and Obama....
Neville Chamberlain
does nothing...
except, appease the aggressor. What Obama needs to learn is that "sometimes" you do need an IRON FIST. As the author of LNR learned first hand in being in no less than 3 wars (Croatia, Bosnia and Kosovo) the dominant aggressors were bullie- as North Korea, and when those bullies, the Serbs, were challenged, they fell like a house of JELLO. (total Serb defeat in Croatia, Bosnia and Kosovo). Now we make the same mistake with North Korea. Instead, the use of massive artillery suppression fire, along with a massive airstrike would crumble that regime just as easy as the Serbs crumbled at the first signs of NATO attacks.
Thursday, April 2, 2009
NATO Alliance NOT at Risk in Afghanistan
LNR comments on the following story:
As Afghanistan goes, so goes NATO. Interviews across the U.S foreign policy establishment reveal a unified belief that the authority of the transatlantic alliance will be won or lost in the Afghan war.There is an emerging U.S. consensus that if Europe does not reverse itself and significantly reinvest in the war effort, the transatlantic military treaty will cease to matter. (absolutely ridiculous- LNR)
NATO's credibility is on the line," (not at all- LNR) said Sandy Berger, who served as national security advisor during the Clinton administration. "NATO needs to succeed in Afghanistan," Berger added in an interview. "If it doesn't, it really does undermine the vitality of the alliance."
Or as John Bolton put it, "Ironically, the risk here is that Afghanistan looked like the future of NATO. It could become its graveyard."
The weakness in America’s foreign policy establishment is sickening. LNR completely disagrees with Berger and Bolton’s comments. Why ? It is because Afghanistan is NOT the litmus test for the durability of the NATO alliance for two main reasons: first, these pundits and others fail to recognize or mention that Afghanistan is a special case for NATO because it is an “out-of-area” operation. This in principle remains within the mandate of the NATO charter, however, NATO ‘s main purpose was NOT to engage in “out-of-area” operations, but rather a military bulwark against the Soviet threat. NATO was to maintain European-Atlantic stability through deterrence via massive combined conventional forces.
The second reason the pundits are completely wrong is because NATO’s main operating order of battle is NOT strategic or unconventional. In other words, NATO was not designed for use of nuclear weapons (except perhaps battlefield tactical nukes) nor unconventional “special forces” type warfare- as we have in Afghanistan. So, NATO’s actions in Afghanistan is operating on the periphery of NATO’s charter and raison d’ etre. This is why Afghanistan is hardly about NATO’s credibility, the operations there is NOT a case of “clear and imminent danger” to the broad security of NATO countries, i.e. invasion, occupation, total destruction- as it was meant to protect from.
As Afghanistan goes, so goes NATO. Interviews across the U.S foreign policy establishment reveal a unified belief that the authority of the transatlantic alliance will be won or lost in the Afghan war.There is an emerging U.S. consensus that if Europe does not reverse itself and significantly reinvest in the war effort, the transatlantic military treaty will cease to matter. (absolutely ridiculous- LNR)
NATO's credibility is on the line," (not at all- LNR) said Sandy Berger, who served as national security advisor during the Clinton administration. "NATO needs to succeed in Afghanistan," Berger added in an interview. "If it doesn't, it really does undermine the vitality of the alliance."
Or as John Bolton put it, "Ironically, the risk here is that Afghanistan looked like the future of NATO. It could become its graveyard."
The weakness in America’s foreign policy establishment is sickening. LNR completely disagrees with Berger and Bolton’s comments. Why ? It is because Afghanistan is NOT the litmus test for the durability of the NATO alliance for two main reasons: first, these pundits and others fail to recognize or mention that Afghanistan is a special case for NATO because it is an “out-of-area” operation. This in principle remains within the mandate of the NATO charter, however, NATO ‘s main purpose was NOT to engage in “out-of-area” operations, but rather a military bulwark against the Soviet threat. NATO was to maintain European-Atlantic stability through deterrence via massive combined conventional forces.
The second reason the pundits are completely wrong is because NATO’s main operating order of battle is NOT strategic or unconventional. In other words, NATO was not designed for use of nuclear weapons (except perhaps battlefield tactical nukes) nor unconventional “special forces” type warfare- as we have in Afghanistan. So, NATO’s actions in Afghanistan is operating on the periphery of NATO’s charter and raison d’ etre. This is why Afghanistan is hardly about NATO’s credibility, the operations there is NOT a case of “clear and imminent danger” to the broad security of NATO countries, i.e. invasion, occupation, total destruction- as it was meant to protect from.
New World Reserve Currency- yeah right
Could you believe the world staking their financial underpinnings by a country run by the Mafia and ex-KGB agents ? Supporting your economy with a currency run by Chavez in Venezuela ? The problem with expanding the use of the IMF's SDR's is that a currency run by people who don't have a stake in it makes the currency controllers too detached from the economies relying on that currency. So far the Euro has been a success, but that has been easy because of the global expansion over the past seven years. During these times, different EU members will require differing solutions to their financial problems. New EU member Hungary, for example, is waiting for the EU to step up to the plate and dump billions in aid for it- they will be waiting a long time. Reserve currencies like the dollar, EU and Yen are trusted because those who run it have a direct stake and interest in it- therefore, you get the best management possible. The current financial crisis has nothing to do with the dollar being the dominant reserve currency. Even if the IMF SDR's were dominant, that would not have prevented other countries from buying into exotic financial instruments and vehicles from America.
Wednesday, April 1, 2009
Look at the NUMBERS
Who is really shirking their responsibility in keeping world trade open ? Let’s look at the latest
Numbers to prove that the U.S. continues to be the world leading importer-and with its chronic trade deficits- it’s amazing that the U.S. is being accused as touting “protectionist” policies- when in FACT, it’s America who is buying more products from other countries than other countries are buying from America. That is FACT versus propaganda anti-American FICTION. Look at the latest trade figures with China: (this news item is directly from China.org)
During the first two months of the year, China's exports to the US declined by 16.1 percent to US$29.1 billion, and imports were US$10.4 billion, down 20.9 percent, resulting in a trade surplus of US$18.7 billion.
So the truth is clear, it’s actually CHINA which is buying less from America- rather than America buying less from China- so the ACTUAL truth is the REVERSE of what the media and foreign governments are reporting. It is AMERICA alone which continues to buy foreign products even during this financial crisis, more than what foreigners are buying from America. Since China imports from America were down 20.9 percent, it means that its’ actually CHINA that is buying less- since American purchases FROM China were down only 16.1 % versus 20.9% for China.
The TRUTH is revealed.
Numbers to prove that the U.S. continues to be the world leading importer-and with its chronic trade deficits- it’s amazing that the U.S. is being accused as touting “protectionist” policies- when in FACT, it’s America who is buying more products from other countries than other countries are buying from America. That is FACT versus propaganda anti-American FICTION. Look at the latest trade figures with China: (this news item is directly from China.org)
During the first two months of the year, China's exports to the US declined by 16.1 percent to US$29.1 billion, and imports were US$10.4 billion, down 20.9 percent, resulting in a trade surplus of US$18.7 billion.
So the truth is clear, it’s actually CHINA which is buying less from America- rather than America buying less from China- so the ACTUAL truth is the REVERSE of what the media and foreign governments are reporting. It is AMERICA alone which continues to buy foreign products even during this financial crisis, more than what foreigners are buying from America. Since China imports from America were down 20.9 percent, it means that its’ actually CHINA that is buying less- since American purchases FROM China were down only 16.1 % versus 20.9% for China.
The TRUTH is revealed.
Monday, March 30, 2009
Hack Me !
A certain large Asian country is hacking thousands of computers worldwide !
No problem, sensitive computers are NOT connected to the net- impossible to hack. Relax.
No problem, sensitive computers are NOT connected to the net- impossible to hack. Relax.
America to Blame ?
LNR does not agree with Obama or others around the world who are blaming America for their involvement in the financial meltdown. The banks of those countries that purchased exotic securities, knowing full well that America’s real estate market (which underpinned the exotic securities) was a hyped up speculative bubble have 100% of the blame on themselves. Can you imagine what other countries would have said if America blocked them from buying these lucrative securities for the past ten years ? These banks knew about the bubble yet for short sightedness, continued to buy exotic securities- they- and no one else, especially America, are to blame. If you play with big money in hot speculation, you are taking a risk and experienced financial people know that. America blame- ZERO.
Wednesday, March 25, 2009
LNR Commentary about an article in the Economist Magazine
The Economist has based its entire analysis on convenient and contrived suppositions. This distorted picture is being presented as facts. The following facts are well known all over the world.- commentary from someone writing about an article in the Economist.
1 China is sitting on the largest cash reserves- economist
LNR Review commentary:
The only reason countries like China, and others, have “cash reserves” is because those reserves are in a currency other than their own. The reason certain countries keep, dollars, pounds, yen, Euro is because they are the main currencies in which settlements between currencies are made- they are a “global” mediums of exchange- currencies of other nations, like China, are not used for settlements in international trade, thus, countries with currencies which have “little” confidence in them- MUST have some reserves in one of the reserve currencies. Therefore there is no need that countries like America keep “reserves” because America’s currency IS the major reserve currency of the world. There are two other main reasons why China keeps large reserves- it must maintain liquidity to its importers and exporters because the RMB is not used for trade; second- China requires large reserves because there are gigantic financial losses on paper due to bad bank debts- China’s “toxic debt” which were extended during the real estate boom and to bankrupt state companies – these loans have no hope of recovery and merely remain on the books- understated or non-performing but hidden due to the wide lack of transparency in the Chinese banking system. However, the Chinese government is aware of the gigantic size of non-performing loans with banks and therefore has built up reserves to protect against a widespread banking collapse. Bottom line, the huge reserves of China does not reflect strength, but structural weakness.
2 Chinese banks do not have toxic debt like USA
See above: Toxic debt is an understatement- China specifically keeps enormous reserves to cover trillions of RMB in bad debt- these loans were made under pressure to state owned companies which according to international accounting standards- are bankrupt, and bad real estate loans which are non-performing or made against real estate assets with wildly inflated value appraisals.
3 America is trillions in debt
Yes: so what. America’s wealth- including derivatives is easily over 100 Trillion- therefore, although debt is high in relation to past ratio’s, America compared to many countries has lower debt to wealth. If one compares “deficits” to GNP/GDP it’s true that the current spending will put the ratio of debt to GNP much higher than in recent years, although not even near what it was during WWII era, thus, we are not in the range of “bankrupting’ America as some pundits have declared. America’s wealth is NOT measured by your GNP- that is “America’s “ income- not it’s wealth- and this is where the mistakes in comparisons are being made in the media.
4. America owes trillions to China
Hardly true: America owes in financial instruments- near ONE trillion but not “trillion S “ with an S. Remember, many countries including China buy American treasury bonds because of confidence and strength in America- and many American investors buy bonds- however, most American investment is attracted to higher yielding investments which are too sophisticated for foreigners- thus, most American capital flows to other investment vehicles and not treasury bonds. Even now, the Government has had NO lack of buyers for American debt. The bottom line- the fact that other countries, including China DOES NOT indicate any lack of funding based in America- since the yields for T-Bills are comparatively low for Americans- they invest in other things- but the safety + yield of T-bills for foreigners are attractive and they would rather invest in America than anywhere else- this indicates strength and confidence in the American government and economy- NOT weakness. In other words, if China and other countries were NOT to invest in T-bills- there is more than ample capital in America to buy up those T-bills- we don’t NEED foreign capital to buy our T-bills, if there were a lack of buyers- the yields in T-bills would rise commensurate to need of capital and American’s would flood the T-bill market with cash. How does one compare the wealth of America at over 100 Trillion dollars to China and Japan with an estimated 30 Trillion combined ? America is over 300% richer in total wealth than the second and third largest economies in the world combined. Does one think for a moment that America’ needs a few hundred billion dollars from foreigners to buy up the T-bills issued by the Government ? It’s a fallacy about foreigners and T-bills that has been around for many years.
5 China can produce goods much cheaper than Japan, Europe or USA, it has the competitive edge.
Yes: so what. That is the way of free markets- this does not indicate future success or wealth- the fact that you produce manufactured goods indicate a lack of a sophisticated post-industrial economy. The real money, with hi-technology, percision goods and intellectual services- are dominated by the USA, Japan and Europe. These jobs and economies deliver higher wages and better standards of living. It is not a “comparative” advantage (Michael Porter) for intelligent and educated citizens in the West to produce shoes or bricks. The “competitive” edge for China remains with low-tier goods. The “competitive” edge in technology, music entertainment, robotics, software, engineering, high quality goods, law, etc, etc. Clearly remains with the USA, Japan and Europe.
6 China has made huge strides in high technology in an extremely short time
Yes, of course, the technology is stolen, back-engineered or purchased or acquired through foreign investment in China. It was not “originated” in China however.
7 With its cash reserves, China can keep its economy going by developing the rest of the country; it has the money, the skill and the man power.
The cash reserves are just that- reserves- they are not part of the budget for infrastructure spending or development- they are a buffer for a banking system sitting on a heap of bad loans. The development funds are coming from the regular budget of China- NOT so-called reserves which are mainly in fixed investments and therefore could not be used in any case.
Man power- yes there is ample manpower to dig ditches, there is NOT ample man power for sophisticated managerial duties or high technology- that is why there are over 250,000 foreigners working in such jobs.
Unlike USA it does not need to borrow or fiddle by printing monopoly money.
That’s right, there is plenty of money in Chinese savings accounts to allow the banks to lend money for development- why- ? because there is no national health care system, there are no wide-reaching pensions, there is no modern social security system, there is no deposit insurance, and most people don’t own their own homes- so there is nowhere safe to invest their money. There are also 900 million Chinese NOT sharing in the wealth of China. It’s amazing how one speaks about China in the media everywhere, America and China, it forgets that there are TWO China’s – one third of the people live in middle class China – that we refer to in popular media- however, TWO THIRDS live in country side poverty- many levels below the Chinese middle class of the first and second tier cities. This is glaring fact almost always ignored. China doesn’t have NEAR the funds, reserves or resources to pull up TWO THIRDS of her improvrished population- therefore- where are your measurements of success ? If you wish to measure only ONE THIRD- then- yes- great success- but this is only possible by IGNORING- TWO thirds of your population- where is the success there ? So, the fact is that more and more of the available investment funds and “wealth” of China is going to have to be diverted to the other two thirds and less to continue pushing up the one third who have now achieved a middle class status- this will begin to stagnate upward mobility.
In America, most people have the majority of their investment and savings in their homes, not savings accounts. American’s also pay out for health insurance and private pension funds- this allows for and keeps a much higher standard of living for Americans. When you do not have those investment vehicles available, like in China, the majority of people stick the money in savings- however, these high saving rates reflect a lack of fundamental structural financial underpinnings of a modern society rather than “disposable” income.
9 China has demonstrated its ability in expanding their economy at a rate never achieved in history. What took the west 200 years to achieve, China has done in it mere 20 years.
Several factual errors, the rate of Chinese economic growth is nothing new for countries who have started at a very low baseline. China’s growth creating a middle class out of one third of the population is not any faster than growth that took place in Japan, South Korea, Singapore- about 30 years (China 1978-2008) so there is no historical breakthrough by China. In addition, in creating its high rate of growth, it mainly relied on America- enormous purchasing of cheap goods from China gave it the investment money it needed to develop further. America grew and developed basically on its own, not by being an export driven economy or direct foreign investments- America’s was a home grown natural growth that emerged from all the right factors, from culture, freedom, liberty, private property- to modern business ideas and capital accumulation. It was America that both Japan and China leaned on for their own growth, acting as a pulling force for both countries.
China has the edge in every sense. When all these facts are added together, the readers can come to their own conclusion. Even the most pessimistic will agree that unless the entire Chinese nation gets addicted to cocaine, China cannot fail in expanding their economy.
There is no edge “IN EVERY SENSE”, China is a classic example of an export driven economy supplanted by extremely low wages. You are basically exchanging low wage labor for the creation of giving middle class status to one third of your population. As all developing countries typically experience hyper-growth during their first phases of development, this inevitably slows down once economic development brings up wages- making you a much less competitive exporter (i.e. Japan- exporting boom in the 1960’s, 1970s- 1980’s slowing down- now a dead economy, South Korea- an export boom in the late 1980’s and 1990’s- now growth much lower- as a result of a developed economy). Once hot cash settles down, wages rise, and foreign direct investment slows down due to higher wages- strong economies DO NOT continue at growth rates of 8-10% (as evidenced by Japan and South Korea). China is not following a different path- it’s just a question of time when a developed Chinese economy radically slows down.
1 China is sitting on the largest cash reserves- economist
LNR Review commentary:
The only reason countries like China, and others, have “cash reserves” is because those reserves are in a currency other than their own. The reason certain countries keep, dollars, pounds, yen, Euro is because they are the main currencies in which settlements between currencies are made- they are a “global” mediums of exchange- currencies of other nations, like China, are not used for settlements in international trade, thus, countries with currencies which have “little” confidence in them- MUST have some reserves in one of the reserve currencies. Therefore there is no need that countries like America keep “reserves” because America’s currency IS the major reserve currency of the world. There are two other main reasons why China keeps large reserves- it must maintain liquidity to its importers and exporters because the RMB is not used for trade; second- China requires large reserves because there are gigantic financial losses on paper due to bad bank debts- China’s “toxic debt” which were extended during the real estate boom and to bankrupt state companies – these loans have no hope of recovery and merely remain on the books- understated or non-performing but hidden due to the wide lack of transparency in the Chinese banking system. However, the Chinese government is aware of the gigantic size of non-performing loans with banks and therefore has built up reserves to protect against a widespread banking collapse. Bottom line, the huge reserves of China does not reflect strength, but structural weakness.
2 Chinese banks do not have toxic debt like USA
See above: Toxic debt is an understatement- China specifically keeps enormous reserves to cover trillions of RMB in bad debt- these loans were made under pressure to state owned companies which according to international accounting standards- are bankrupt, and bad real estate loans which are non-performing or made against real estate assets with wildly inflated value appraisals.
3 America is trillions in debt
Yes: so what. America’s wealth- including derivatives is easily over 100 Trillion- therefore, although debt is high in relation to past ratio’s, America compared to many countries has lower debt to wealth. If one compares “deficits” to GNP/GDP it’s true that the current spending will put the ratio of debt to GNP much higher than in recent years, although not even near what it was during WWII era, thus, we are not in the range of “bankrupting’ America as some pundits have declared. America’s wealth is NOT measured by your GNP- that is “America’s “ income- not it’s wealth- and this is where the mistakes in comparisons are being made in the media.
4. America owes trillions to China
Hardly true: America owes in financial instruments- near ONE trillion but not “trillion S “ with an S. Remember, many countries including China buy American treasury bonds because of confidence and strength in America- and many American investors buy bonds- however, most American investment is attracted to higher yielding investments which are too sophisticated for foreigners- thus, most American capital flows to other investment vehicles and not treasury bonds. Even now, the Government has had NO lack of buyers for American debt. The bottom line- the fact that other countries, including China DOES NOT indicate any lack of funding based in America- since the yields for T-Bills are comparatively low for Americans- they invest in other things- but the safety + yield of T-bills for foreigners are attractive and they would rather invest in America than anywhere else- this indicates strength and confidence in the American government and economy- NOT weakness. In other words, if China and other countries were NOT to invest in T-bills- there is more than ample capital in America to buy up those T-bills- we don’t NEED foreign capital to buy our T-bills, if there were a lack of buyers- the yields in T-bills would rise commensurate to need of capital and American’s would flood the T-bill market with cash. How does one compare the wealth of America at over 100 Trillion dollars to China and Japan with an estimated 30 Trillion combined ? America is over 300% richer in total wealth than the second and third largest economies in the world combined. Does one think for a moment that America’ needs a few hundred billion dollars from foreigners to buy up the T-bills issued by the Government ? It’s a fallacy about foreigners and T-bills that has been around for many years.
5 China can produce goods much cheaper than Japan, Europe or USA, it has the competitive edge.
Yes: so what. That is the way of free markets- this does not indicate future success or wealth- the fact that you produce manufactured goods indicate a lack of a sophisticated post-industrial economy. The real money, with hi-technology, percision goods and intellectual services- are dominated by the USA, Japan and Europe. These jobs and economies deliver higher wages and better standards of living. It is not a “comparative” advantage (Michael Porter) for intelligent and educated citizens in the West to produce shoes or bricks. The “competitive” edge for China remains with low-tier goods. The “competitive” edge in technology, music entertainment, robotics, software, engineering, high quality goods, law, etc, etc. Clearly remains with the USA, Japan and Europe.
6 China has made huge strides in high technology in an extremely short time
Yes, of course, the technology is stolen, back-engineered or purchased or acquired through foreign investment in China. It was not “originated” in China however.
7 With its cash reserves, China can keep its economy going by developing the rest of the country; it has the money, the skill and the man power.
The cash reserves are just that- reserves- they are not part of the budget for infrastructure spending or development- they are a buffer for a banking system sitting on a heap of bad loans. The development funds are coming from the regular budget of China- NOT so-called reserves which are mainly in fixed investments and therefore could not be used in any case.
Man power- yes there is ample manpower to dig ditches, there is NOT ample man power for sophisticated managerial duties or high technology- that is why there are over 250,000 foreigners working in such jobs.
Unlike USA it does not need to borrow or fiddle by printing monopoly money.
That’s right, there is plenty of money in Chinese savings accounts to allow the banks to lend money for development- why- ? because there is no national health care system, there are no wide-reaching pensions, there is no modern social security system, there is no deposit insurance, and most people don’t own their own homes- so there is nowhere safe to invest their money. There are also 900 million Chinese NOT sharing in the wealth of China. It’s amazing how one speaks about China in the media everywhere, America and China, it forgets that there are TWO China’s – one third of the people live in middle class China – that we refer to in popular media- however, TWO THIRDS live in country side poverty- many levels below the Chinese middle class of the first and second tier cities. This is glaring fact almost always ignored. China doesn’t have NEAR the funds, reserves or resources to pull up TWO THIRDS of her improvrished population- therefore- where are your measurements of success ? If you wish to measure only ONE THIRD- then- yes- great success- but this is only possible by IGNORING- TWO thirds of your population- where is the success there ? So, the fact is that more and more of the available investment funds and “wealth” of China is going to have to be diverted to the other two thirds and less to continue pushing up the one third who have now achieved a middle class status- this will begin to stagnate upward mobility.
In America, most people have the majority of their investment and savings in their homes, not savings accounts. American’s also pay out for health insurance and private pension funds- this allows for and keeps a much higher standard of living for Americans. When you do not have those investment vehicles available, like in China, the majority of people stick the money in savings- however, these high saving rates reflect a lack of fundamental structural financial underpinnings of a modern society rather than “disposable” income.
9 China has demonstrated its ability in expanding their economy at a rate never achieved in history. What took the west 200 years to achieve, China has done in it mere 20 years.
Several factual errors, the rate of Chinese economic growth is nothing new for countries who have started at a very low baseline. China’s growth creating a middle class out of one third of the population is not any faster than growth that took place in Japan, South Korea, Singapore- about 30 years (China 1978-2008) so there is no historical breakthrough by China. In addition, in creating its high rate of growth, it mainly relied on America- enormous purchasing of cheap goods from China gave it the investment money it needed to develop further. America grew and developed basically on its own, not by being an export driven economy or direct foreign investments- America’s was a home grown natural growth that emerged from all the right factors, from culture, freedom, liberty, private property- to modern business ideas and capital accumulation. It was America that both Japan and China leaned on for their own growth, acting as a pulling force for both countries.
China has the edge in every sense. When all these facts are added together, the readers can come to their own conclusion. Even the most pessimistic will agree that unless the entire Chinese nation gets addicted to cocaine, China cannot fail in expanding their economy.
There is no edge “IN EVERY SENSE”, China is a classic example of an export driven economy supplanted by extremely low wages. You are basically exchanging low wage labor for the creation of giving middle class status to one third of your population. As all developing countries typically experience hyper-growth during their first phases of development, this inevitably slows down once economic development brings up wages- making you a much less competitive exporter (i.e. Japan- exporting boom in the 1960’s, 1970s- 1980’s slowing down- now a dead economy, South Korea- an export boom in the late 1980’s and 1990’s- now growth much lower- as a result of a developed economy). Once hot cash settles down, wages rise, and foreign direct investment slows down due to higher wages- strong economies DO NOT continue at growth rates of 8-10% (as evidenced by Japan and South Korea). China is not following a different path- it’s just a question of time when a developed Chinese economy radically slows down.
Thursday, March 12, 2009
United Nations said what ?
WASHINGTON (AP) - The White House objected Thursday to U.N. Secretary-General Ban Ki-moon's description of the United States as a "deadbeat" donor to the world body.
MARCH 12
LNR’s author worked for the United Nations for 12 years. For the Ban Ki Moon, Secretary General of the United Nations to call the USA a “deadbeat” in paying its dues is one of the most incredible statements to come out of a Secretary General. As LNR’s author can personally testify, the UN is “the” “consummate” actor of corruption, greed, embezzlement, cheating, dirty politics and incompetency. In missions’ that the LRN author served in, i.e. the UNCRO (United Nations in Croatia Mission) was constantly being “saved” by monetary donations (voluntary contributions) by the United States to keep the mission going. The Mission in Bosnia where LNR’s author served in Sarajevo, Banja Luka, Tuzla, the mission would have collapsed without USA funding. Ban Ki Moon and his predecessors constantly fail to explain WHY the US is behind in contributions. It is because of the gigantic waste and corruption in various UN departments, the US must receive verifications before it can release funds to the UN.
If Ban Ki Moon and his predecessors ever find the strength and guts to clean up the UN, perhaps contributors would not be weary of giving their nations taxpayer dollars.
MARCH 12
LNR’s author worked for the United Nations for 12 years. For the Ban Ki Moon, Secretary General of the United Nations to call the USA a “deadbeat” in paying its dues is one of the most incredible statements to come out of a Secretary General. As LNR’s author can personally testify, the UN is “the” “consummate” actor of corruption, greed, embezzlement, cheating, dirty politics and incompetency. In missions’ that the LRN author served in, i.e. the UNCRO (United Nations in Croatia Mission) was constantly being “saved” by monetary donations (voluntary contributions) by the United States to keep the mission going. The Mission in Bosnia where LNR’s author served in Sarajevo, Banja Luka, Tuzla, the mission would have collapsed without USA funding. Ban Ki Moon and his predecessors constantly fail to explain WHY the US is behind in contributions. It is because of the gigantic waste and corruption in various UN departments, the US must receive verifications before it can release funds to the UN.
If Ban Ki Moon and his predecessors ever find the strength and guts to clean up the UN, perhaps contributors would not be weary of giving their nations taxpayer dollars.
LNR Right Again
Luko News Review (LNR) said more than two days ago, that because Mexico's drug
gangs had now become a serious threat to US Security, it is imperative that
the President sends a massive number of troops to the border. As LNR noted, it
would not be constitutional to use regular army troops for police action, and National Guard Units are not numerous enough and should remain ready to support
troops in Iraq and Afghanistan. Today, Obama is "considering" moving "a small number" of National Guard Units to the border.
Well, as LNR likes to point out, it is the paramount job of the President to
protect that country, and a "small number" of troops are not enough. We must
take the threat seriously, and LNR advocated a large number of boots on the ground
because, just as Obama mentioned today, the border is extremely long. LNR also pointed out that employed is 'the' KEY factor in economic recovery, so why not
kill two birds with one stone, a massive hiring of people with some backgrounds in police, security, military, law enforcement, etc. and deploy them to the border. It is the DUTY of the President to take these measures quickly.
See LNR story below TWO days ago advocating sending troops to the border ( LNR is two days ahead of the President)
gangs had now become a serious threat to US Security, it is imperative that
the President sends a massive number of troops to the border. As LNR noted, it
would not be constitutional to use regular army troops for police action, and National Guard Units are not numerous enough and should remain ready to support
troops in Iraq and Afghanistan. Today, Obama is "considering" moving "a small number" of National Guard Units to the border.
Well, as LNR likes to point out, it is the paramount job of the President to
protect that country, and a "small number" of troops are not enough. We must
take the threat seriously, and LNR advocated a large number of boots on the ground
because, just as Obama mentioned today, the border is extremely long. LNR also pointed out that employed is 'the' KEY factor in economic recovery, so why not
kill two birds with one stone, a massive hiring of people with some backgrounds in police, security, military, law enforcement, etc. and deploy them to the border. It is the DUTY of the President to take these measures quickly.
See LNR story below TWO days ago advocating sending troops to the border ( LNR is two days ahead of the President)
Wednesday, March 11, 2009
Where's Your Boot Straps ????
Mental Stress Spirals with Economy
America's Billionaires Loosing Money
Hollywood Favorites Lose Money with Madoff
The White House Versus Jim Cramer and Rush Limbaugh
Economic Woes Lead to Mass Shootings
blah blah blah, the whimpering headlines continue. Is America that weak ? Cannot we not face a challenge and FIND our "bootstraps" and pull ourselves out ! Following
up on yesterdays story, where Obama should relinquish his salary in favor of $1 per year, should be telling American's to find your bootstraps and pull yourselves up !
work hard- find another job- create a job- work two jobs ! We are letting the bad news get the best of us. Obama is not being a strong leader to inspire America- he is instead- turning to socialism- the GOVERNMENT will save you, your homes, your companies, the car industry, the climate !!! how about hard work and sacrifice- he should be telling America to get innovative, work harder, and that America's government is going to double their hours and effort to get things going through good ideas. Obama is picking economic lightweights to manage the mess and it's NOT working and WILL NOT work as long as he keeps those lightweights on the job.
America is looking for inspired leadership of hope and ability to overcome, NOT, the government will send you a check so relax- we'll just print inflationary dollars and buy our way out of this mess. We need more- we need a real leader.
America's Billionaires Loosing Money
Hollywood Favorites Lose Money with Madoff
The White House Versus Jim Cramer and Rush Limbaugh
Economic Woes Lead to Mass Shootings
blah blah blah, the whimpering headlines continue. Is America that weak ? Cannot we not face a challenge and FIND our "bootstraps" and pull ourselves out ! Following
up on yesterdays story, where Obama should relinquish his salary in favor of $1 per year, should be telling American's to find your bootstraps and pull yourselves up !
work hard- find another job- create a job- work two jobs ! We are letting the bad news get the best of us. Obama is not being a strong leader to inspire America- he is instead- turning to socialism- the GOVERNMENT will save you, your homes, your companies, the car industry, the climate !!! how about hard work and sacrifice- he should be telling America to get innovative, work harder, and that America's government is going to double their hours and effort to get things going through good ideas. Obama is picking economic lightweights to manage the mess and it's NOT working and WILL NOT work as long as he keeps those lightweights on the job.
America is looking for inspired leadership of hope and ability to overcome, NOT, the government will send you a check so relax- we'll just print inflationary dollars and buy our way out of this mess. We need more- we need a real leader.
Tuesday, March 10, 2009
Relinquish Your Salary
It's time for the President to accept a $1 dollar a year salary. According to his
2007 tax returns, his estimated net worth is $7 million dollars. In these times of national crisis, it's important for our leaders to sympathize with the population in trouble and show solidarity and sacrifice. It is not uncommon for leaders to
"eat with the enlisted men" so to say and show the people that they are not afraid of coming down into the trenches with them.
As Nancy Pelosi is "upset" about not getting her military aircraft at her disposal 24 hours a day, She and many other rich Congress members should take a symbolic salary only as well as major pay cuts for ALL executives working for companies which are receiving government bailout money.
2007 tax returns, his estimated net worth is $7 million dollars. In these times of national crisis, it's important for our leaders to sympathize with the population in trouble and show solidarity and sacrifice. It is not uncommon for leaders to
"eat with the enlisted men" so to say and show the people that they are not afraid of coming down into the trenches with them.
As Nancy Pelosi is "upset" about not getting her military aircraft at her disposal 24 hours a day, She and many other rich Congress members should take a symbolic salary only as well as major pay cuts for ALL executives working for companies which are receiving government bailout money.
LNR Warned Long Ago of the Financial Tsunami
LNR already warned readers last year about the coming financial "Tsunami" and that
word was and is quite appropriate because we have only seen the tip of this Tsunami so far, the real damage is yet to come.
The mainstream media are often wrong on two points: First, that there is a "coming" global recession- ... it's already here. It is amazing that financial reporters
don't emphasize that numbers and stats that we use "today" to look at our financial
situation has a 1-3 month lag time. Second, there is suprisingly a lot of American
mainstream media claiming- 'recovery' in last quarter of 2009 or first quarter of
2010. This is a cruel joke, we are not anywhere near bottoming out, this has become a multi-pronged recession hitting the economy from several angles. LNR believes we "might" see the bottom begin by the end of 2009 and we will "ride" that bottom for at least through 2010, hence, any sort of recovery may begin in 2011 as inventories of consumables and housing are slowly used up, thereby requiring more- which in turn will provide the catalyst for a recovery.
Jobs are the key to recovery- as LNR has reported several times.
word was and is quite appropriate because we have only seen the tip of this Tsunami so far, the real damage is yet to come.
The mainstream media are often wrong on two points: First, that there is a "coming" global recession- ... it's already here. It is amazing that financial reporters
don't emphasize that numbers and stats that we use "today" to look at our financial
situation has a 1-3 month lag time. Second, there is suprisingly a lot of American
mainstream media claiming- 'recovery' in last quarter of 2009 or first quarter of
2010. This is a cruel joke, we are not anywhere near bottoming out, this has become a multi-pronged recession hitting the economy from several angles. LNR believes we "might" see the bottom begin by the end of 2009 and we will "ride" that bottom for at least through 2010, hence, any sort of recovery may begin in 2011 as inventories of consumables and housing are slowly used up, thereby requiring more- which in turn will provide the catalyst for a recovery.
Jobs are the key to recovery- as LNR has reported several times.
Monday, March 9, 2009
National Security Threat: South of the Border
America's intelligence agencies are identifying MEXICO as the second most
important security threat after Pakistan. Mexico "has become" destablized by the
drug cartels. Here is the opportunity for Obama to take bold action. Constrained
constitutionally from using US troops on American soil for police actions (Posse comitatus 1878) here is a great chance to secure our border as well as a massive employment action. Because of the long border and terrain with Mexico, aside from all the technology you can muster, you need "boots on the ground." So, Obama can create an auxillery border force (Homeland Border Security- HBS) and employ upwards of 400,000 unemployed Americans to patrol the border- both armed and unarmed.
It will take at least this number to both fight off the drug gangs as well as cover the vast territory. In this way we also avoid using the US military unconstitutionally as well as not sapping an already overstretched US army.
important security threat after Pakistan. Mexico "has become" destablized by the
drug cartels. Here is the opportunity for Obama to take bold action. Constrained
constitutionally from using US troops on American soil for police actions (Posse comitatus 1878) here is a great chance to secure our border as well as a massive employment action. Because of the long border and terrain with Mexico, aside from all the technology you can muster, you need "boots on the ground." So, Obama can create an auxillery border force (Homeland Border Security- HBS) and employ upwards of 400,000 unemployed Americans to patrol the border- both armed and unarmed.
It will take at least this number to both fight off the drug gangs as well as cover the vast territory. In this way we also avoid using the US military unconstitutionally as well as not sapping an already overstretched US army.
Sunday, March 8, 2009
Mid East Nuclear Showdown One Step Closer
Iran tests missile which can reach Israel, we are another step closer
to nuclear war in the Middle East as LNR has already warned a few days
ago.
Remember, Israel keeps a "first strike" option open as stated by late
Israeli Prime Minister Menachem Begin, "never never never again" he said about
any possibility of the Jewish race being wiped out. He clearly indicated
that they HAD the BOMB and would use it to protect Israel and defend against
any "mass" killing of Jews.
to nuclear war in the Middle East as LNR has already warned a few days
ago.
Remember, Israel keeps a "first strike" option open as stated by late
Israeli Prime Minister Menachem Begin, "never never never again" he said about
any possibility of the Jewish race being wiped out. He clearly indicated
that they HAD the BOMB and would use it to protect Israel and defend against
any "mass" killing of Jews.
Saturday, March 7, 2009
Two Negatives that are Positive
Trade deficit and global warming:
As global warming is a natural occurring event, there is no stopping it. So, we must stop wasting time trying to prevent it (of course affordable measures to clean our air and keep our water clean are needed) and instead find the positive factors of global warming, climate change and its inevitable effects. The effects are being extremely hyped by the media, in the context that even if it were true that global warming is accelerating (highly doubtful- because of imprecise methods of measurement and very dubious and complex computer modeling) it will take years to change temperatures by more than a few degrees. But, if temperatures are really rising over the long term, then great- we will have more of the earth’s landmass that is habitable and available for farming- this is good ! The same eco-radicals, basing their rants and raves on pseudo-science and the more legitimate people who joined the chorus because of the money to be made, in the past lamented the earth’s overcrowding and falling food supply (all false alarms) are now against the obvious solution- GLOBAL WARMING !! with warmer temperatures people can alleviate overcrowding by settling the northern hemisphere and feed people more easily with all the extra farm land- so where is the problem ?
Trade deficits are not bad, as long as you can pay for them, and we can, buying more than you are selling is absolutely NO indicator of the health of an economy. If your nation is rich and mainly produces and consumes your own products and services, as the US does, there is then plenty of wealth to buy even more products from overseas. In fact, although America in absolute terms is the largest exporter and importer in the world, America itself produces 2/3rd s of its own consumption and is NOT an export based economy as other leading economies are i.e. China, Japan, German, South Korea, Canada, etc. So comparing the import numbers and the trade deficit with other countries is comparing apples and oranges- they are export driven economies since their internal markets are not strong enough to consume all that they produce. America is service- based production and thus it easily consumes all it manufactures- thereby requiring imports. There is NOTHING wrong with that. In addition, we import products that are produced abroad more cheaply which in great effect- INCREASES the standard of living of all Americans. When you buy the SAME product cheaper from overseas, it means that prices are lower for American consumers, thus lower economic classes in America can afford more and better things- thus- raising their standard of living. Ten years ago it was only luxury homes that you would find a wine fridge in, whereas today its common place and they are sold very cheaply at Home Depot and Lowes, etc. Big screen TV’s, electronics, etc. are within reach of MOST Americans- they are NOT within the reach of lower classes in other countries. The trade deficit for America is a NET plus because you are raising the standard of living for 300 million Americans- instead of trying to raise the standard of 5-10 million Americans who might have otherwise produced those products in America. If we produced those products- yes, maybe there would be an extra 5-10 million jobs in manufacturing- but those products would be priced out of reach for most Americans, thus, the standard of living would be much lower for MOST of America. Embrace trade deficits and global warming, they are good things !
As global warming is a natural occurring event, there is no stopping it. So, we must stop wasting time trying to prevent it (of course affordable measures to clean our air and keep our water clean are needed) and instead find the positive factors of global warming, climate change and its inevitable effects. The effects are being extremely hyped by the media, in the context that even if it were true that global warming is accelerating (highly doubtful- because of imprecise methods of measurement and very dubious and complex computer modeling) it will take years to change temperatures by more than a few degrees. But, if temperatures are really rising over the long term, then great- we will have more of the earth’s landmass that is habitable and available for farming- this is good ! The same eco-radicals, basing their rants and raves on pseudo-science and the more legitimate people who joined the chorus because of the money to be made, in the past lamented the earth’s overcrowding and falling food supply (all false alarms) are now against the obvious solution- GLOBAL WARMING !! with warmer temperatures people can alleviate overcrowding by settling the northern hemisphere and feed people more easily with all the extra farm land- so where is the problem ?
Trade deficits are not bad, as long as you can pay for them, and we can, buying more than you are selling is absolutely NO indicator of the health of an economy. If your nation is rich and mainly produces and consumes your own products and services, as the US does, there is then plenty of wealth to buy even more products from overseas. In fact, although America in absolute terms is the largest exporter and importer in the world, America itself produces 2/3rd s of its own consumption and is NOT an export based economy as other leading economies are i.e. China, Japan, German, South Korea, Canada, etc. So comparing the import numbers and the trade deficit with other countries is comparing apples and oranges- they are export driven economies since their internal markets are not strong enough to consume all that they produce. America is service- based production and thus it easily consumes all it manufactures- thereby requiring imports. There is NOTHING wrong with that. In addition, we import products that are produced abroad more cheaply which in great effect- INCREASES the standard of living of all Americans. When you buy the SAME product cheaper from overseas, it means that prices are lower for American consumers, thus lower economic classes in America can afford more and better things- thus- raising their standard of living. Ten years ago it was only luxury homes that you would find a wine fridge in, whereas today its common place and they are sold very cheaply at Home Depot and Lowes, etc. Big screen TV’s, electronics, etc. are within reach of MOST Americans- they are NOT within the reach of lower classes in other countries. The trade deficit for America is a NET plus because you are raising the standard of living for 300 million Americans- instead of trying to raise the standard of 5-10 million Americans who might have otherwise produced those products in America. If we produced those products- yes, maybe there would be an extra 5-10 million jobs in manufacturing- but those products would be priced out of reach for most Americans, thus, the standard of living would be much lower for MOST of America. Embrace trade deficits and global warming, they are good things !
Friday, March 6, 2009
America Drops Atomic Bomb on Iran (almost)
Brent Scowcroft, former general and National Security Advisor to President's Ford and Bush (and serving in the White House as far back as Nixon) and Zbigniew Brzezinski, former National Security Advisor to President Jimmy Carter and wanna-be successor to
Kissinger as America's foremost foreign policy expert, have (almost) dropped the
BOMB on Iran.
In a startling and shocking move, Scowcroft and Brzezinski, acting as an indirect
protocol for President Obama, announce to the world and Iran, that Israel is now under America's nuclear umbrella. In a bold move to counter Iran and the prospect that a nuclear first strike by Iran would wipe out Israel, thereby negating any retaliatory action against Iran, America is making clear that indeed a retaliatory nuclear strike on Iran would take place by the United States. Clearly this move is intended to block Iran and any notions it had of using a first strike against Israel which without American retaliation, would leave Iran otherwise unharmed by such a move against Israel.
Reported in today's press
WASHINGTON —" The United States should extend its nuclear umbrella to its Middle East allies and offer enriched civilian-use uranium to Iran and other countries in the region to prevent Iran from developing a nuclear weapon, two respected former presidential national-security advisors told senators Thursday.
Brzezinski suggested that before any serious discussions with Tehran , the United States should say that it's prepared to extend its nuclear umbrella to friends and allies in the Middle East ."
It's well known that both Brzezinski and Scowcroft are strong and early supporters of Obama and have been closely advising him since early on in the elections last year. The weight of both these men add legitimacy and credibility to this new major policy move by the United States. It is a clever move by Obama because using Scowcroft and Brzezinski as a "secondary protocol" it allows this bold counter-move by the US to be announced without a presidential directive, order or vetting through the State Department or Congress. It is also a policy which, being delivered via secondary protocol, can be denied distanced or denied by the White House, if Obama wishes so. However, Iran will clearly get the message of the new strategic stance of the US vis-a-vis Israel and this move might be enough to halt Iran in its tracks in regards to its nuclear first strike plans against Israel. This bold stroke is also intended to forestall an impending Israeli attack on Iran by extending the US nuclear umbrella to Iran has America has done for Japan, South Korea and other allies.
It should also be noted that both Scowcroft and Brzezinski are prominent members of the Trilateral Commission and the Council for Foreign Relations, thereby further emboldening their statements by virtue of the de facto approval of America's two most powerful foreign policy entities outside the White House.
Kissinger as America's foremost foreign policy expert, have (almost) dropped the
BOMB on Iran.
In a startling and shocking move, Scowcroft and Brzezinski, acting as an indirect
protocol for President Obama, announce to the world and Iran, that Israel is now under America's nuclear umbrella. In a bold move to counter Iran and the prospect that a nuclear first strike by Iran would wipe out Israel, thereby negating any retaliatory action against Iran, America is making clear that indeed a retaliatory nuclear strike on Iran would take place by the United States. Clearly this move is intended to block Iran and any notions it had of using a first strike against Israel which without American retaliation, would leave Iran otherwise unharmed by such a move against Israel.
Reported in today's press
WASHINGTON —" The United States should extend its nuclear umbrella to its Middle East allies and offer enriched civilian-use uranium to Iran and other countries in the region to prevent Iran from developing a nuclear weapon, two respected former presidential national-security advisors told senators Thursday.
Brzezinski suggested that before any serious discussions with Tehran , the United States should say that it's prepared to extend its nuclear umbrella to friends and allies in the Middle East ."
It's well known that both Brzezinski and Scowcroft are strong and early supporters of Obama and have been closely advising him since early on in the elections last year. The weight of both these men add legitimacy and credibility to this new major policy move by the United States. It is a clever move by Obama because using Scowcroft and Brzezinski as a "secondary protocol" it allows this bold counter-move by the US to be announced without a presidential directive, order or vetting through the State Department or Congress. It is also a policy which, being delivered via secondary protocol, can be denied distanced or denied by the White House, if Obama wishes so. However, Iran will clearly get the message of the new strategic stance of the US vis-a-vis Israel and this move might be enough to halt Iran in its tracks in regards to its nuclear first strike plans against Israel. This bold stroke is also intended to forestall an impending Israeli attack on Iran by extending the US nuclear umbrella to Iran has America has done for Japan, South Korea and other allies.
It should also be noted that both Scowcroft and Brzezinski are prominent members of the Trilateral Commission and the Council for Foreign Relations, thereby further emboldening their statements by virtue of the de facto approval of America's two most powerful foreign policy entities outside the White House.
Thursday, March 5, 2009
Stock Market.. Almost at Collapse
The stock market is days or weeks from an all out collapse, perhaps falling as low as 2,500- 3,000 level which will induce further economic disasters.
There are two possible emergency solutions: As done in the past, albeit, very quietly, the White House can "lean' heavily on big funds (like California Pension Funds) to aggressively "buy" into the market. Otherwise, the government will have to "halt" trading or itself- set up a third party buyer fund to buy into the market itself. Allowing the stock market to continue its free-fall will extend the depth and breadth of the recession into at least 2012 with uncontrollable severity.
There are two possible emergency solutions: As done in the past, albeit, very quietly, the White House can "lean' heavily on big funds (like California Pension Funds) to aggressively "buy" into the market. Otherwise, the government will have to "halt" trading or itself- set up a third party buyer fund to buy into the market itself. Allowing the stock market to continue its free-fall will extend the depth and breadth of the recession into at least 2012 with uncontrollable severity.
Middle East Nuclear Catastrophe
Unless Hillary Clinton, or Obama himself turns the pressure on Israel,
Syria and Iran, LNR has learned of a probable massive Israeli strike on
Iran planned for no later than mid-June. This strike, however, will not
be effective as Iran now has multiple projects which will allow for
a retaliatory strike on Israel.
Saudi Arabia is now plowing countries like Egypt and Syria with cash
hoping to enlist them in efforts to restrain Iran. There is also an
alternative Mossad plan in place to make a massive strike at Iran's
leadership in the hopes of being left with moderates who have already
stated that they would NOT use the "bomb" against Israel.
Syria and Iran, LNR has learned of a probable massive Israeli strike on
Iran planned for no later than mid-June. This strike, however, will not
be effective as Iran now has multiple projects which will allow for
a retaliatory strike on Israel.
Saudi Arabia is now plowing countries like Egypt and Syria with cash
hoping to enlist them in efforts to restrain Iran. There is also an
alternative Mossad plan in place to make a massive strike at Iran's
leadership in the hopes of being left with moderates who have already
stated that they would NOT use the "bomb" against Israel.
Tuesday, March 3, 2009
Do any of the Democrats pay their taxes ?
Another Obama nominee is caught as not having reported income, thus requiring him to pay over $10,000 USD in back taxes. It is incredible that from such a small sampling of major democratic political players, we have found so many tax cheats. If this small sampling is ‘any’ indication of the number of high government officials who do not pay their fair share, then LNR finds it absolutely unacceptable and hypocritical that the Obama administration is going after Americans who are “supposedly” hiding taxable income in Swiss banks. Perhaps the Obama administration should audit all its employees FIRST and pick up extra revenue by cleaning its own house before pushing the Swiss government to turn over bank records of Americans.
NY waiting 14 inches of snow- I want my Global Warming ! Increase the Co2
Here we are, global warming rate increasing rapidly, icebergs melting away… could someone please tell New York !
The clear “evidence” which is our weather, clearly points out that not only are the so-called global warming propaganda nuts wrong about global climate change being “man-made” but that even “global warming” is in question. If they are making the case, which is baseless scientifically, that temperatures are increasing more rapidly than thought before, why are we in the second year of some of the coldest temperatures on record ? Why, because they are WRONG and Mother Nature is right- it is her that is causing the changes of temperatures, up and down. Is nothing so clear as when it is right in front of you for you yourself to observe ? The weather these past two years is cooling down, not up. Will the public believe “advanced weather forecasting” telling us what temperatures are going to be in 20 years- yet they cannot tell us what the weather will be next month- yet alone often getting next WEEKs weather wrong. Global warming hype is a money making, headline grabbing, job getting , flat earth science lie.
The clear “evidence” which is our weather, clearly points out that not only are the so-called global warming propaganda nuts wrong about global climate change being “man-made” but that even “global warming” is in question. If they are making the case, which is baseless scientifically, that temperatures are increasing more rapidly than thought before, why are we in the second year of some of the coldest temperatures on record ? Why, because they are WRONG and Mother Nature is right- it is her that is causing the changes of temperatures, up and down. Is nothing so clear as when it is right in front of you for you yourself to observe ? The weather these past two years is cooling down, not up. Will the public believe “advanced weather forecasting” telling us what temperatures are going to be in 20 years- yet they cannot tell us what the weather will be next month- yet alone often getting next WEEKs weather wrong. Global warming hype is a money making, headline grabbing, job getting , flat earth science lie.
Monday, March 2, 2009
Fiscal Stimulus NOT Solution
The wide ranging, and now ever increasing, fiscal stimulus program touted by some in Congress and President Obama is not and cannot be the solution. Not only will it not provide short-term recovery, it will bankrupt the government (it's already technically bankrupt but it will exceed the legitimacy of credits extended) cause very high and possibly catastrophic inflation and leave America with no tools to enact recovery.
As LNR has stated several times before, the First key is jobs- a massive job creation/retention program to be implemented now- without jobs you have the three
L's-
Lack of consumer spending (this drives 2/3rd of our economy)
Lack of savings (savings provide cheap money for banks to lend- instead of getting
expensive - inflationary printed money from the government)
Lack of homebuyers - jobless people cannot afford nor qualify to buy homes which
would be a key to asset and equity recovery)
Once you get the minimum of five million jobs created/retained needed to stabilize the economic situation, you revive the property market with the following program:
A. Back up new mortgages for five years with government guarantees
B. Lower payments by amortizing loans over 50-60 years instead of 30 years
C. 5 year low fixed rates- like many other countries already have been doing
D. Credit checks/ income check by banks- the runaway lending did not go wrong
because people lost jobs and could not pay their mortgages, it was caused by the banks going crazy in loaning low-doc and no-doc money ( low document and no document loans- where no credit or income checks were done)
These two programs would stabilize the economic situation by year's end if implemented now.
As LNR has stated several times before, the First key is jobs- a massive job creation/retention program to be implemented now- without jobs you have the three
L's-
Lack of consumer spending (this drives 2/3rd of our economy)
Lack of savings (savings provide cheap money for banks to lend- instead of getting
expensive - inflationary printed money from the government)
Lack of homebuyers - jobless people cannot afford nor qualify to buy homes which
would be a key to asset and equity recovery)
Once you get the minimum of five million jobs created/retained needed to stabilize the economic situation, you revive the property market with the following program:
A. Back up new mortgages for five years with government guarantees
B. Lower payments by amortizing loans over 50-60 years instead of 30 years
C. 5 year low fixed rates- like many other countries already have been doing
D. Credit checks/ income check by banks- the runaway lending did not go wrong
because people lost jobs and could not pay their mortgages, it was caused by the banks going crazy in loaning low-doc and no-doc money ( low document and no document loans- where no credit or income checks were done)
These two programs would stabilize the economic situation by year's end if implemented now.
Thursday, February 26, 2009
What are “really” the Largest Economic Markets ?
A major mistake in mainstream media is how you measure the largest markets. Often the media uses “population” as the measurement tool. Market worth cannot count people who “dont” consume much, thus, counting markets by population is not relevant. If you look at “future” “potential” markets that is another matter, however, that is very speculative- why ? In the past, in the late 1960’s observers looked at Brazil, Argentina and even Africa as future large economic markets- based on the idea that those large populations would equate into consuming, importing economic markets. Those predictions did not pan out. We need to look at economic markets by the size of their economy ( in real dollars today, not Purchasing Parity Power PPP) and what their imports amount to; so, instead of wasting time with mainstream economic incompetence, let’s examine who the largest markets really are by economy and imports:
T= Trillion USD 2008 Stats/est.
By Economy By Imports
1. European Union 16.8 T 1. NAFTA 2.7 T
2. NAFTA 16.4 T 2. USA 2.0 T
3. USA 14.3 T 3. European Union 1.6 T
4. Japan 4.4 T 4. Germany 1.1 T
5. China 4.2 T 5. China 0.95 T
In stark contrast to most mainstream media, that China is the SECOND largest economic power, or that it’s the most important or soon to be important market, it’s not even close. China by economic market ranks 5th and by imports- meaning- how
important is it to sell to China more than others, it also ranks 5th- not even close to second. In fact, NAFTA and the EU are eight (8) times larger than China. The point is, for economic recovery, looking to China is a huge mistake. World economic recovery will strongly and almost wholly depend on what the US, EU and Japan does with their employment rates, banks and currency. If you are a company looking to sell things, NAFTA and the EU imports $4.3 Trillion dollars a year- that is your market, while China imports just under $1.0 Trillion. As one can see from the stats, just like global warming issues, the mainstream media completely distorts the hard facts. Yet, headline after headline exclaim how it may be up to China to save America and the world- with what ? 1.5 Trillion in reserves that it can’t spend (it needs those reserves to protect against their own teetering banking system due to a high percentage of non-performing loans) against some 42 Trillion USD and Euros outstanding in 2008 ? It’s truly a tiny paltry number. Also consider the Chinese stimulus spending package of some $585 billion USD announced recently. First, most of that was already planned spending on infrastructure and secondly, that planned spending is not for fiscal 2009 but over the 2009-2014 fiscal years. In reality, you’re really looking at some 10-23 billion of new spending over what was already planned in infrastructure spending over the next few years. Do you really think 23 billion dollars is going to save a 80 trillion dollar world economy in 2009 ? You’re wasting your time reading mainstream media.
T= Trillion USD 2008 Stats/est.
By Economy By Imports
1. European Union 16.8 T 1. NAFTA 2.7 T
2. NAFTA 16.4 T 2. USA 2.0 T
3. USA 14.3 T 3. European Union 1.6 T
4. Japan 4.4 T 4. Germany 1.1 T
5. China 4.2 T 5. China 0.95 T
In stark contrast to most mainstream media, that China is the SECOND largest economic power, or that it’s the most important or soon to be important market, it’s not even close. China by economic market ranks 5th and by imports- meaning- how
important is it to sell to China more than others, it also ranks 5th- not even close to second. In fact, NAFTA and the EU are eight (8) times larger than China. The point is, for economic recovery, looking to China is a huge mistake. World economic recovery will strongly and almost wholly depend on what the US, EU and Japan does with their employment rates, banks and currency. If you are a company looking to sell things, NAFTA and the EU imports $4.3 Trillion dollars a year- that is your market, while China imports just under $1.0 Trillion. As one can see from the stats, just like global warming issues, the mainstream media completely distorts the hard facts. Yet, headline after headline exclaim how it may be up to China to save America and the world- with what ? 1.5 Trillion in reserves that it can’t spend (it needs those reserves to protect against their own teetering banking system due to a high percentage of non-performing loans) against some 42 Trillion USD and Euros outstanding in 2008 ? It’s truly a tiny paltry number. Also consider the Chinese stimulus spending package of some $585 billion USD announced recently. First, most of that was already planned spending on infrastructure and secondly, that planned spending is not for fiscal 2009 but over the 2009-2014 fiscal years. In reality, you’re really looking at some 10-23 billion of new spending over what was already planned in infrastructure spending over the next few years. Do you really think 23 billion dollars is going to save a 80 trillion dollar world economy in 2009 ? You’re wasting your time reading mainstream media.
Watch Gold Soar- just as LNR predicted months ago
Two major predictions by LNR will soon be realized, gold near $2,000 an ounce and the stock market medium-term floor of 6,900. Why did you have to wait until mid-February 2009 to find this out, by reading LNR you would have known the numbers back in October 2008 !
Oil will also become, again, THE major entity for which to park investment funds, while confidence in government bonds are being eroded, the stock market is imploding, real estate is in a depression, oil will once again, as last summer be the safe haven for trillions of investment dollars. As LNR states here, yes gold will reach $2,000 an ounce, however, gold as a commodity is in very limited supply and therefore can never be a haven for trillions of dollars, therefore, oil will sustain a cash dump and prices will shoot up again this summer. Note, that the oil jump, as LNR said before and was proven correct, is not a function of short supply. LNR is clear to state as many times before, there is no shortfall in oil for at least the next 25 years, even then, current sources will still supply foreseen demand. Oil exploration consultants state that it maybe in 2050 that oil demand exceeds new oil finds. Until then, gas up your hummer and drive like the wind !
Oil will also become, again, THE major entity for which to park investment funds, while confidence in government bonds are being eroded, the stock market is imploding, real estate is in a depression, oil will once again, as last summer be the safe haven for trillions of investment dollars. As LNR states here, yes gold will reach $2,000 an ounce, however, gold as a commodity is in very limited supply and therefore can never be a haven for trillions of dollars, therefore, oil will sustain a cash dump and prices will shoot up again this summer. Note, that the oil jump, as LNR said before and was proven correct, is not a function of short supply. LNR is clear to state as many times before, there is no shortfall in oil for at least the next 25 years, even then, current sources will still supply foreseen demand. Oil exploration consultants state that it maybe in 2050 that oil demand exceeds new oil finds. Until then, gas up your hummer and drive like the wind !
Did Aliens Seed Man on Earth?
It’s interesting that although science has proven the existence of mankind long before, thousands of years before, Jesus Christ, that God did not intervene to save the cave man from numerous perils of life, like the dinosaur, floods, disease and such, and decided to let man suffer for thousands of years before he sent his Son down to introduce Christianity as the savior of man.
Regarding the premise that aliens “seeded” the earth with themselves- MAN, unless MAN was perhaps a pet for aliens, that with their obvious high technology at the time, they would have seeded us with NO technology? No language, tools, knives, guns, just primitive MAN among the ferocious jungle animals and dinasours? Having obviously seen the condition of earth at that time, why even seed man on earth if it was likely to fail as they gave no instruments or technology for man to survive? Why travel hundreds of millions of light years to seed man as a primitive monkey with a high likelihood of failure? Why, -…. Cause it’s just not true. Of course aliens would have given some technology and instruments for man to survive, aliens would have given even a snippet of their advanced technology to give man a running start on such a perilous earth. We have no evidence of any advanced technology or tools for early man. The “seeding” idea is a ridiculous idea on which to sell books.
Regarding the premise that aliens “seeded” the earth with themselves- MAN, unless MAN was perhaps a pet for aliens, that with their obvious high technology at the time, they would have seeded us with NO technology? No language, tools, knives, guns, just primitive MAN among the ferocious jungle animals and dinasours? Having obviously seen the condition of earth at that time, why even seed man on earth if it was likely to fail as they gave no instruments or technology for man to survive? Why travel hundreds of millions of light years to seed man as a primitive monkey with a high likelihood of failure? Why, -…. Cause it’s just not true. Of course aliens would have given some technology and instruments for man to survive, aliens would have given even a snippet of their advanced technology to give man a running start on such a perilous earth. We have no evidence of any advanced technology or tools for early man. The “seeding” idea is a ridiculous idea on which to sell books.
全球变暖——啊，这不是真的，只是一种传感器故障罢了
Kaboom！另一个荒唐的观点“全球变暖”也被暴露出是谎言了。该传感器故障是和不予考虑的比较城市变暖模式，新的玻璃建筑物和几英里长的土沥青反射热量使读者感到温度升高一样的典型——关于温度实际上升的比率和速度对我们来说是毫无意义的，然而城市温度的上升通常被用来作为媒体传播的主流。
2月20日（布隆伯格电）——一个卫星传感器上的故障使得科学家们低估了北极圈内海冰500,000平方千米的范围（193,000平方英里），相当于一个加州的面积。美国国家冰雪数据中心说。
由于一个被成为“传感器漂移”的问题，这个错误从今年1月初开始，并且引发了缓慢增长的海冰范围的低估。这个错误一直持续到2月中旬，直到“困惑的读者”提醒美国国家冰雪数据中心关于被冰层覆盖的区域的数值已经延伸到了不结冰的洋面。博得尔、Colorado-based集团在其网站上说。
“虽然罕见，“传感器漂移”确实会偶尔出现。它是一种在质量控制措施之前数据存档的一种东西。 该中心说。“尽管我们认为1月初之前的数据是可靠的，我们依然会进行一次完整的质量检查。”
“北极海冰的范围被看做是如何影响地球温度升高的关键措施。在2007年冰帽曾经融化到了它的最低线，去年据说它达到了年度最小值第二。最近发现的错误不会改变北京冰层消退的事实。”该中心说。
该中心说由于全面的核对还没有执行，所以，关于海冰的实时数据总是不如存档后的数据可靠。历史数据是通过其它的来源来核查的。它说。
LNR——这个巨大的全球变暖的崇拜再一次作为一种欺诈而被暴露出来（也就是说，全球变暖正在迅速地上升并且失去控制。这正是人类的活动为其提供了温床）就像它操纵计算机模型来支持关于全球变暖的事先形成的猜想。
2月20日（布隆伯格电）——一个卫星传感器上的故障使得科学家们低估了北极圈内海冰500,000平方千米的范围（193,000平方英里），相当于一个加州的面积。美国国家冰雪数据中心说。
由于一个被成为“传感器漂移”的问题，这个错误从今年1月初开始，并且引发了缓慢增长的海冰范围的低估。这个错误一直持续到2月中旬，直到“困惑的读者”提醒美国国家冰雪数据中心关于被冰层覆盖的区域的数值已经延伸到了不结冰的洋面。博得尔、Colorado-based集团在其网站上说。
“虽然罕见，“传感器漂移”确实会偶尔出现。它是一种在质量控制措施之前数据存档的一种东西。 该中心说。“尽管我们认为1月初之前的数据是可靠的，我们依然会进行一次完整的质量检查。”
“北极海冰的范围被看做是如何影响地球温度升高的关键措施。在2007年冰帽曾经融化到了它的最低线，去年据说它达到了年度最小值第二。最近发现的错误不会改变北京冰层消退的事实。”该中心说。
该中心说由于全面的核对还没有执行，所以，关于海冰的实时数据总是不如存档后的数据可靠。历史数据是通过其它的来源来核查的。它说。
LNR——这个巨大的全球变暖的崇拜再一次作为一种欺诈而被暴露出来（也就是说，全球变暖正在迅速地上升并且失去控制。这正是人类的活动为其提供了温床）就像它操纵计算机模型来支持关于全球变暖的事先形成的猜想。
GLOBAL WARMING- ah, well not really, it was a Sensor Glitch
Kaboom ! another ridiculous global warming lie exposed, this sensor glitch is as typical as is comparing city warming patterns which don’t take into account, new glass buildings and miles of new paved roads which reflect heat to temperature readers- which tells us NOTHING about the rate or speed that temperature is actually rising, yet city temperature rises are used commonly in the mainstream media.
Feb. 20 (Bloomberg) -- A glitch in satellite sensors caused scientists to underestimate the extent of Arctic sea ice by 500,000 square kilometers (193,000 square miles), a California- size area, the U.S. National Snow and Ice Data Center said.
The error, due to a problem called “sensor drift,” began in early January and caused a slowly growing underestimation of sea ice extent until mid-February. That’s when “puzzled readers” alerted the NSIDC about data showing ice-covered areas as stretches of open ocean, the Boulder, Colorado-based group said on its Web site.
“Sensor drift, although infrequent, does occasionally occur and it is one of the things that we account for during quality- control measures prior to archiving the data,” the center said. “Although we believe that data prior to early January are reliable, we will conduct a full quality check.’’
The extent of Arctic sea ice is seen as a key measure of how rising temperatures are affecting the Earth. The cap retreated in 2007 to its lowest extent ever and last year posted its second- lowest annual minimum at the end of the yearly melt season. The recent error doesn’t change findings that Arctic ice is retreating, the NSIDC said.
The center said real-time data on sea ice is always less reliable than archived numbers because full checks haven’t yet been carried out. Historical data is checked across other sources, it said.
LNR- this gigantic global warming cult is once again exposed as a fraud (that is to say, that global warming is rising rapidly and out of control and is doing so as a result of man made activities- total bunk) just as it uses computer models which are manipulated to support preconceived conjecture about global warming.
Feb. 20 (Bloomberg) -- A glitch in satellite sensors caused scientists to underestimate the extent of Arctic sea ice by 500,000 square kilometers (193,000 square miles), a California- size area, the U.S. National Snow and Ice Data Center said.
The error, due to a problem called “sensor drift,” began in early January and caused a slowly growing underestimation of sea ice extent until mid-February. That’s when “puzzled readers” alerted the NSIDC about data showing ice-covered areas as stretches of open ocean, the Boulder, Colorado-based group said on its Web site.
“Sensor drift, although infrequent, does occasionally occur and it is one of the things that we account for during quality- control measures prior to archiving the data,” the center said. “Although we believe that data prior to early January are reliable, we will conduct a full quality check.’’
The extent of Arctic sea ice is seen as a key measure of how rising temperatures are affecting the Earth. The cap retreated in 2007 to its lowest extent ever and last year posted its second- lowest annual minimum at the end of the yearly melt season. The recent error doesn’t change findings that Arctic ice is retreating, the NSIDC said.
The center said real-time data on sea ice is always less reliable than archived numbers because full checks haven’t yet been carried out. Historical data is checked across other sources, it said.
LNR- this gigantic global warming cult is once again exposed as a fraud (that is to say, that global warming is rising rapidly and out of control and is doing so as a result of man made activities- total bunk) just as it uses computer models which are manipulated to support preconceived conjecture about global warming.
Wednesday, February 25, 2009
Middle East Heading Towards Nuclear Showdown
The YEAR 2009 will prove to be the year in which we will see a nuclear showdown in the Middle East. Iran will complete its first nuclear weapons this year, along with its proven ballistic delivery systems and will prepare a showdown with Israel. Syria itself is preparing to attack Israeli nuclear sites in the coming months. Why ? With American and worldwide economic meltdown, and US force commitments in Afghanistan and Iraq, a power vacuum has been emerging.
Iran will take advantage of this soon before the window closes, while they begin to coordinate actions with Russia, North Korea and Venezuela to further tie down American resources to prevent an aggressive U.S. response. Joe Biden was right last year when he said that “Obama” will be challenged in his first months in Office.
Iran will take advantage of this soon before the window closes, while they begin to coordinate actions with Russia, North Korea and Venezuela to further tie down American resources to prevent an aggressive U.S. response. Joe Biden was right last year when he said that “Obama” will be challenged in his first months in Office.
America’s New Secretary of State: George Clooney
Step aside Hillary, George Hollywood Clooney is stepping up as the new Secretary of State, as it were,
Meeting with President Obama to explain, “how it is” in Sudan. While millions of Americans are losing their jobs, banks on the edge of nationalization, Clooney- and his Hollywood cronies are “lobbying” for Sudan. Yes, this is lobbying because Clooney is acting as if the State Department and CIA and various other agencies are “not” informing the President of the situation in Sudan. LNR believes that Hollywood bubble heads should remain in their fantasy worlds of the films they make, since few of them have ever served on the front lines, they visit Sudan with journalist for a few days and walk away as experts ?
Of all the catastrophic problems on the President’s plate, he takes time out to talk to this bubblehead, Clooney ? The White House should have responded that there are multiple government agencies which cover the area of Sudan and inform and make suggestions daily for actions to be taken.
It’s amazing how Hollywood continues, even after its multitude of social dysfunctions, to act holier than thou by pushing increased American involvement in Sudan, which is the least of our national security concerns, while lambasting Bush about America’s involvement in Iraq which even without WMD’s had 100 times more reason for American intervention than Sudan.
Meeting with President Obama to explain, “how it is” in Sudan. While millions of Americans are losing their jobs, banks on the edge of nationalization, Clooney- and his Hollywood cronies are “lobbying” for Sudan. Yes, this is lobbying because Clooney is acting as if the State Department and CIA and various other agencies are “not” informing the President of the situation in Sudan. LNR believes that Hollywood bubble heads should remain in their fantasy worlds of the films they make, since few of them have ever served on the front lines, they visit Sudan with journalist for a few days and walk away as experts ?
Of all the catastrophic problems on the President’s plate, he takes time out to talk to this bubblehead, Clooney ? The White House should have responded that there are multiple government agencies which cover the area of Sudan and inform and make suggestions daily for actions to be taken.
It’s amazing how Hollywood continues, even after its multitude of social dysfunctions, to act holier than thou by pushing increased American involvement in Sudan, which is the least of our national security concerns, while lambasting Bush about America’s involvement in Iraq which even without WMD’s had 100 times more reason for American intervention than Sudan.
Monday, February 23, 2009
WELCOME BACK
Luko News Review took a break during January, We are back, welcome !
Drop Cuba Embargo
LNR strongly supports (as pronounced in earlier articles in 2008) dropping the embargo against Cuba. It's an old policy which has long outlived its usefulness, including its ability to garner Cuban-American votes in Florida for elections. LNR believes that different types of engagement policies- i.e. spanning from "constructive engagement" that Reagan used with apartheid South Africa, to economic engagement with Pinochet's Chile which helped them reform from an authoritarian economic backwater to a modern democracy with a booming open economy, are the only logical approaches. Even recent engagements with North Korea and Iran are more active than American policy towards Cuba.
Opening relations and trading is recognized as a proven method of helping to “democratize” authoritarian regimes, as was done with China and Vietnam with extremely positive results. Continued alienation and embargo of Cuba is providing a safe haven for Russia and Venezuela to propagate anti-American policy in the Western Hemisphere as well as physical platforms for enemy policies, economics, drug trade and militaries.
废除古巴禁运政策
LNR完全支持废除古巴禁运政策。虽然它曾经在弗罗里达州选举中赢得了美籍古巴人的选票，但是这项政策早已完成了它的使命，应该被废止了。LNR相信各种类型的经济关系——也就是：从里根总统用过的对南美的“种族隔离政策”到曾经帮助智利由闭塞的独裁主义经济走向繁荣开放的现代民主经济的皮诺切特经济关系。甚至最近与朝鲜和爱尔兰的关系也比与古巴的关系更加亲近。
开放性的关系和贸易被认为是使独裁政策民主化的行之有效的方法。中国和越南都曾经取得了非常积极的结果。
对古巴持续的疏远和禁运是美国为了防止俄国和委内瑞拉反美政策在西半球的渗透而自我提供的一个安全的天堂，同时也是一个敌对政策，经济，毒品和军火贩卖的物质平台。
UK TELEGRAPH
Radovan Karadzic 'was protected by UK'
Radovan Karadzic, the former Bosnian Serb leader who has been indicted for genocide and war crimes, was able to avoid capture for 13 years because he received protection from London, a former Hague Tribunal official has claimed.
By Alex Todorovich in Belgrade
Last Updated: 12:23AM BST 11 Aug 2008
Nato troops maintain peace in Banja Luka, some 200 km north of Sarajevo in 1997 Photo: AP
James Luko, a former United Nations political affairs officer in Bosnia and a Hague Tribunal investigator, told a Belgrade newspaper that Gen Angus Ramsay, the former commander of British peace¬keepers in Bosnia, was ordered by superiors in London to leave Karadzic alone just minutes before British troops prepared to capture him in August 1997.
Mr Luko, who spent several years in Belgrade before resigning in 2005, claimed he was one of three people present when Gen Ramsay entered a room at British Army headquarters in Banja Luka moments after speaking to London. Karadzic’s convoy, monitored from an Awacs plane, was visible on a large screen in the room.
“We are not police, we are soldiers, and therefore this is not our responsibility. The police force of Republika Srpska must arrest Karadzic. International troops may help afterwards, if there is unrest in Banja Luka”, Gen Ramsay allegedly said.
A spokesman for the Ministry of Defence said: “We have no knowledge of this alleged incident and we would not comment on intelligence matters. The UK has been fully committed from the outset to bringing to justice indicted war criminals from the former Yugoslavia.”
A report in the same newspaper last week claimed that Karadzic was living under US protection until the CIA caught him breaking an agreement to stay out of politics.
In his first appearance before The Hague Tribunal, Karadzic claimed that Richard Holbrooke, the former assistant secretary of state, had guaranteed him immunity if he withdrew from public life. Mr Holbrooke denied any such deal.
Drop Cuba Embargo
LNR strongly supports (as pronounced in earlier articles in 2008) dropping the embargo against Cuba. It's an old policy which has long outlived its usefulness, including its ability to garner Cuban-American votes in Florida for elections. LNR believes that different types of engagement policies- i.e. spanning from "constructive engagement" that Reagan used with apartheid South Africa, to economic engagement with Pinochet's Chile which helped them reform from an authoritarian economic backwater to a modern democracy with a booming open economy, are the only logical approaches. Even recent engagements with North Korea and Iran are more active than American policy towards Cuba.
Opening relations and trading is recognized as a proven method of helping to “democratize” authoritarian regimes, as was done with China and Vietnam with extremely positive results. Continued alienation and embargo of Cuba is providing a safe haven for Russia and Venezuela to propagate anti-American policy in the Western Hemisphere as well as physical platforms for enemy policies, economics, drug trade and militaries.
废除古巴禁运政策
LNR完全支持废除古巴禁运政策。虽然它曾经在弗罗里达州选举中赢得了美籍古巴人的选票，但是这项政策早已完成了它的使命，应该被废止了。LNR相信各种类型的经济关系——也就是：从里根总统用过的对南美的“种族隔离政策”到曾经帮助智利由闭塞的独裁主义经济走向繁荣开放的现代民主经济的皮诺切特经济关系。甚至最近与朝鲜和爱尔兰的关系也比与古巴的关系更加亲近。
开放性的关系和贸易被认为是使独裁政策民主化的行之有效的方法。中国和越南都曾经取得了非常积极的结果。
对古巴持续的疏远和禁运是美国为了防止俄国和委内瑞拉反美政策在西半球的渗透而自我提供的一个安全的天堂，同时也是一个敌对政策，经济，毒品和军火贩卖的物质平台。
UK TELEGRAPH
Radovan Karadzic 'was protected by UK'
Radovan Karadzic, the former Bosnian Serb leader who has been indicted for genocide and war crimes, was able to avoid capture for 13 years because he received protection from London, a former Hague Tribunal official has claimed.
By Alex Todorovich in Belgrade
Last Updated: 12:23AM BST 11 Aug 2008
Nato troops maintain peace in Banja Luka, some 200 km north of Sarajevo in 1997 Photo: AP
James Luko, a former United Nations political affairs officer in Bosnia and a Hague Tribunal investigator, told a Belgrade newspaper that Gen Angus Ramsay, the former commander of British peace¬keepers in Bosnia, was ordered by superiors in London to leave Karadzic alone just minutes before British troops prepared to capture him in August 1997.
Mr Luko, who spent several years in Belgrade before resigning in 2005, claimed he was one of three people present when Gen Ramsay entered a room at British Army headquarters in Banja Luka moments after speaking to London. Karadzic’s convoy, monitored from an Awacs plane, was visible on a large screen in the room.
“We are not police, we are soldiers, and therefore this is not our responsibility. The police force of Republika Srpska must arrest Karadzic. International troops may help afterwards, if there is unrest in Banja Luka”, Gen Ramsay allegedly said.
A spokesman for the Ministry of Defence said: “We have no knowledge of this alleged incident and we would not comment on intelligence matters. The UK has been fully committed from the outset to bringing to justice indicted war criminals from the former Yugoslavia.”
A report in the same newspaper last week claimed that Karadzic was living under US protection until the CIA caught him breaking an agreement to stay out of politics.
In his first appearance before The Hague Tribunal, Karadzic claimed that Richard Holbrooke, the former assistant secretary of state, had guaranteed him immunity if he withdrew from public life. Mr Holbrooke denied any such deal.
Friday, January 2, 2009
Unconventional Security is now Conventional
From Iraq to Gaza, from the Somali pirates to the Taliban, from contaminated water to suitcase bombs, unconventional warfare and security issues ARE now the CONVENTIONAL security threat. In the Pentagon, old men from the past continue to define security with set piece massed armies at the core of the current security paradigm.
We are prepared to fight the last war, World War Two, we are not preparing nor prepared to fight the current and future threat- which is still considered to be "unconventional." The obvious danger is that were are not still ready to fight asymmetrical threats that have emerged in the Post-Cold War as the dominant threat.
Former Secretary of Defense Rumsfeld, gone ONE thing right, America's need for special forces to increase dramatically. Weapons, training and troop structure changes need to shift from massed armies to small groups with special weapons and tactics (SWAT).
Despite all the military history lessons, the Pentagon is still preparing for, in the main, another World War Two.
We are prepared to fight the last war, World War Two, we are not preparing nor prepared to fight the current and future threat- which is still considered to be "unconventional." The obvious danger is that were are not still ready to fight asymmetrical threats that have emerged in the Post-Cold War as the dominant threat.
Former Secretary of Defense Rumsfeld, gone ONE thing right, America's need for special forces to increase dramatically. Weapons, training and troop structure changes need to shift from massed armies to small groups with special weapons and tactics (SWAT).
Despite all the military history lessons, the Pentagon is still preparing for, in the main, another World War Two.
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