What is striking Ukraine still remains a mystery.
On November 9, this blog reported on a deadly flu-like disease that seemed to appear out of nowhere in Ukraine in late October (see this post). At first, it was considered H1N1 swine flu or its mutated version. As the death toll rose, speculations as to what exactly was causing the death went wild: ebola, hemorrhagic fever, pneumonic plague.
There are two latest reports regarding this mystery disease in Ukraine, and they somewhat contradict each other.
The first one is the article that appeared in U.K.'s Daily Express:
MILLION HIT BY 'PLAGUE WORSE THAN SWINE FLU'
(Greg Miskiw, 11/15/09 Daily Express)
"A DEADLY plague could sweep across Europe, doctors fear, after an outbreak of a virus in Ukraine plunged the country and its neighbours into a state of panic.
"A cocktail of three flu viruses are reported to have mutated into a single pneumonic plague, which it is believed may be far more dangerous than swine flu. The death toll has reached 189 and more than 1 million people have been infected, most of them in the nine regions of Western Ukraine.
"President of Ukraine Viktor Yushchenko has called in the World Health Organisation and a team of nine specialists are carrying out tests in Kiev and Lviv to identify the virus. Samples have been sent to London for analysis.
"In a TV interview, the President [Yushchenko] added: “Unlike similar epidemics in other countries, three causes of serious viral infections came together simultaneously in Ukraine – two seasonal flus and the Californian flu."
What is "California flu"? I looked up but couldn't find it.
The article ends with the comment from a Ukrainian doctor:
"A doctor in Western Ukraine who did not want to be named, said:” We have carried out post mortems on two victims and found their lungs are as black as charcoal.
"“They look like they have been burned. It’s terrifying.”"
But here's the second article, this one from Prisonplanet.com. It is an interview with a coroner in Ukraine, who claims the virus is a mixture of H1N1 and parainfluenza, and it is definitely not pneumonic plague:
Ukraine; Virus Is Mixture Of H1N1 And Parainfluenza, Causes Cardiopulmonary Failure; Indicates BioWeapon (11/14/09 Infowars Ireland)
"Professor Victor Bachinsky, PhD., is a coroner in the Chernivtsi region of Ukraine. He provides evidence which indicates that parainfluenza mixed with the H1N1 virus, not pneumonic plague, has caused so much illness in Ukraine. Yet more strains of influenza which have combined, a strong indication that we are dealing with a laboratory developed bio-weapon."
"The Head of the Chernivtsi regional forensic bureau, Professor Victor Bachinsky PhD, makes a strong statement: all the victims of the virus in Bukovina (22 persons aged 20 to 40 years) died not from bilateral (double) pneumonia, as previously thought, but as a result of viral distress syndrome, i.e. the total destruction of the lungs. We caught up with Professor Bachinsky, to find out how he came to this conclusion, and how people can protect themselves from this disease."
Dr. Bachinsky says the lungs of the victims are not black, and that this is definitely not pneumonic plague. If it were the pneumonic plague and if they had 60,000 people infected, they would have "a mortality rate of 59 thousand", he adds.
He goes on to explain the progression of the disease that's infecting Ukrainians:
"This is a viral attack that destroys the lungs.
"It’s not pneumonia! This destruction of the lungs. This strain is very toxic, and if the immune system is weak, there is bleeding in the lungs. In the lungs there is a tiny structure – acinus, which looks like a bunch of grapes. When you breathe, oxygen enters this tiny “bunch of grapes” ( pulmonary alveoli ). On the surface of the acinus are the capillaries, where red blood cells saturate with oxygen and give blood, which supplies all tissues and organs in the body.
"And once the virus enters the lungs – hemorrhaging begins immediately in the acinus. A continuous hemorrhage … It takes several hours. In the blood fibrin is formed, and from it – giolinovaya membrane, resembling a plastic bag. It envelops the acinus, and the person breathes in oxygen, but it is not transferred to the tissues. And people just gasp. There is a cardio-pulmonary insufficiency and cardiogenic shock. People die of cardiogenic shock. And there is no pneumonia. Pneumonia – an inflammation, which is treated with antibiotics. Antibiotics cannot help at any stage. There should be absolutely different treatment."
So people basically suffocate, because the oxygen is not being delivered to the tissues. That then triggers cardio-shock. What a nasty way to die.
The doctor ascribe part of the problem to the weakened immune systems of Ukrainians due to the overuse of antibiotics in Ukraine, which anyone can obtain at local pharmacies without prescriptions.
"The primary method of prevention is a face mask. This give 30% extra protection. If you wear glasses – it is 40%, because the virus enters through the mucous membranes.
"It is necessary to improve the human immune system. Not only now, but in general. Garlic, onions, wild rose, viburnum (guelder rose), raspberries, citrus fruit, honey, and other fruits and vegetables – whatever you want. Those with a strong immune system will survive. Those with weaker immune systems will succumb to the disease."
When asked why the Health Ministry hasn't figure it out, he has this to say:
"Perhaps this is due to the fact that there are scientists who are working on a purely theoretical basis. And there are scientists who have seen the autopsy results. I practice as head of the regional forensic bureau and as a professor. The fact that we have established this diagnosis – it is not just to my credit, and this is not my personal opinion. This is the opinion of specialists, morphologists and doctors in Bukovina. There are five professors in our group – I just head the group."
(Original article in Russian by Anna Yashchenko here: http://www.unian.net/rus/news/news-346721.html)
Tuesday, November 17, 2009
Follow-Up on Ukraine: Not Swine Flu But Plague? Or Not?
Monday, November 16, 2009
Prepare To Pay Back Tax Credit and Be Penalized
Zero Hedge has an article ("Prepare To Pay Back The Tax Credit", Tyler Durden, 11/16/09) that has a link to the report dated November 4, 2009 by the Treasury Inspector General for Tax Administration (TIGTA).
I took a quick peek at the report titled Millions of Taxpayers May Be Negatively Affected by the Reduced Withholding Associated With the Making Work Pay Credit, and here's what I found [emphasis is mine]:
----------------------------------------------------
WHY TIGTA DID THE AUDIT
The Making Work Pay Credit, a provision of the American Recovery and Reinvestment Act of 2009, will apply to most taxpayers with earned income. The credit will be in effect for Tax Years 2009 and 2010. The Making Work Pay Credit was implemented using new income tax withholding tables issued by the Internal Revenue Service (IRS). Application of the tables could negatively affect a significant number of taxpayers. The overall objective of this review was to assess IRS efforts to implement the Making Work Pay Credit and to evaluate its impact on taxpayers.
IMPACT ON TAXPAYERS
The Making Work Pay Credit is to be advanced to taxpayers through their wages by a decrease in Federal income tax withholding. This creates the vulnerability that some taxpayers may have their taxes underwithheld at the end of Tax Years 2009 and 2010. If taxpayers are advanced more of the Making Work Pay Credit than they are entitled to, they may ultimately owe taxes when filing their Tax Years 2009 and 2010 tax returns and may be assessed estimated tax penalties.
WHAT TIGTA FOUND
Based on an analysis of Tax Year 2007 tax return data, TIGTA estimates that more than
15.4 million taxpayers could unexpectedly owe taxes for Tax Year 2009 as a result of the Making Work Pay Credit.
TIGTA’s analysis of the new withholding tables and the amount of the credit that taxpayers are to receive identified taxpayers who would be advanced more of the credit than they were entitled to receive. The changes to the withholding tables do not take the following situations into consideration:
- Dependents who receive wages.
- Single taxpayers with more than one job.
- Joint filers where one or both spouses have more than one job or both spouses work.
- Individuals who file a return with an Individual Taxpayer Identification Number.
- Taxpayers who receive pension payments.
- Social Security recipients who receive wages.
More than 1.2 million taxpayers included in these groups may be subject to: 1) paying back some or all of the Making Work Pay Credit and 2) being assessed the estimated tax penalty or an increased estimated tax penalty as a direct result of the Making Work Pay Credit.
RECOMMENDATIONS AND IRS RESPONSE
TIGTA recommended that the Commissioner, Wage and Investment Division: 1) increase media coverage and consider other forms of advertisement in addition to the mediums already being used and, to the extent possible, target these communications to taxpayers who may be adversely affected by underwithholding as a result of the Making Work Pay Credit, and 2) authorize the use of the withholding tables that were in effect prior to the enactment of the American Recovery and Reinvestment Act of 2009 for pension payments to help prevent a significant number of pensioners from being negatively affected by the Making Work Pay Credit. The IRS agreed with Recommendation 1 and disagreed with Recommendation 2.
----------------------------------------------------
So the IRS would rather collect tax penalties from pensioners and wage workers.
(Remember, if the health care bill passes in any form, it will be IRS who will be in charge of health insurance coverage compliance under the direction of an unelected appointee (Health Choices Commissioner, or whatever he/she will be called).)
SEIU Protest Against Goldman Sachs
... Uh huh ...
Goldman Sachs has been under attack for some time over its bonuses, remarks by top executives (God's work and Jesus and swine flu vaccine), and its trading practices (does anyone still remember about HFT - high-frequency trading - that SEC is supposed to be doing something about it?).
Now, Mr. Andy Stern, SEIU President, admonishes Mr. Lloyd Blankfein, Goldman's CEO.
SEIU, Service Employee International Union, gets on the Goldman-bashing bandwagon, and wants to bus its union members to Goldman Sachs to protest.
SEIU's Andy Stern to lead Goldman Sachs protest
(11/13/09 Politico)
"Goldman Sachs CEO Lloyd Blankfein may have had his tongue in his cheek when he said his bankers were doing “God’s work,” but the company’s critics aren’t laughing.
"In fact, a couple hundred of them — led by Service Unions International Union president Andy Stern — plan to gather outside of Goldman Sachs’ Washington offices Monday morning to protest the firm’s mega-bonuses, and demand the end of the "too big to fail" doctrine, according to a press release.
"The event will be held outside 101 Constitution Ave. N.W., an office building that’s home to many of the most powerful lobbyists and corporations in town, including Goldman. It’s also where you can find POLITICO’s Capitol Hill bureau (in the basement).
"Among their demands, the protesters will say that Goldman bankers should donate their reported $23 billion in bonuses to foreclosure prevention programs.
"Public Citizen will release a new report during the event analyzing how much the various bailout recipient like Goldman are spending lobbying on financial reform, which the groups say is aimed at squashing real reform."
Public Citizen is a non-profit, public advocacy group originally founded by Ralph Nader. Browsing the headlines on their website, it looks like it is highly supportive of the government intervention and regulation. Its website front page today has this headline: "Banksters Gave Heavily to Committees Debating Financial Reform".
Is this some kind of joke? What about SEIU's political donations and lobbying on all levels - from federal level all the way down to municipal and county level?
I don't know about you, but when I see SEIU organizing a bus tour to Goldman Sachs, just like they did with ACORN to AIG executives' homes, I fail to get excited about "wrongdoings" of "banksters" as defined by SEIU. (Yes, I am a contrarian both in trading and in the worldview.)
Besides, if Goldman Sachs is doing the government work (PPT) and/or they practically "own" the government as many allege, they must be doing the God's work. After all, "We are God's partners in matters of life and death" was what President Obama said to 1,000 Rabbis in a conference call back in August. (See my post.)
I'm sure it will be a wonderful addition to SEIU's photo library, along with photos of their AIG protest.
Sunday, November 15, 2009
Apology for Kids Shipped from Britain to Colonies
... "but we meant well" would be their excuse.
Apology for kids shipped from Britain to colonies
(11/15/09 AP via Yahoo News)
"LONDON – As many as 150,000 poor British children were shipped off to the colonies over three and a half centuries, often taken from struggling families under programs intended to provide them with a new start — and the Empire with a supply of sturdy white workers.
"Forty years after the program stopped, Britain and Australia are saying sorry to the child migrants, who were promised a better life only to suffer abuse and neglect thousands of miles from home."
According to the article, this program was still on-going as late as 1967, with the bulk of "shipment" occurred from the late 19th century onward.
The reason?
"Authorities believed they were acting in the children's best interests, but the migration also was intended to stop them from being a burden on the British state while supplying the receiving countries with potential workers. A 1998 British parliamentary inquiry noted that "a further motive was racist: the importation of 'good white stock' was seen as a desirable policy objective in the developing British Colonies."" [emphasis is mine]
Good intention by the authority often ends in paving the way to Hell, particularly for the receiving end of that "good intention" (in this case, children).
Saturday, November 14, 2009
Saturday Night Live Take on Goldman Sachs and Swine Flu Vaccine
"When most people saw the headline "Goldman Sachs gets swine flu vaccine", they were super-happy, until they saw the word "vaccine". Really."
Ouch. LOL.
Japan's First Reported Death after H1N1 Vaccination
A man in his 70s died in Toyama Prefecture in Japan one day after getting the H1N1 flu vaccine. Authorities deny there's any correlation, saying the man had pre-existing medical conditions.
Hmmm. Excuse me, but the whole point of getting the vaccine, according to the government, was to protect vulnerable people like him who had pre-existing medical conditions, wasn't it? Instead of protecting people like him, the vaccine may instead have triggered acute adverse reaction that killed the man.
According to Kitanippon Shinbun (the original is in Japanese, published on 11/14/09), the man had had pulmonary emphysema. He received the vaccine on November 11. He didn't show any sign of adverse effect from the vaccine on that day, but the next evening his family found him dead. The autopsy revealed that he had suffered from acute respiratory failure.
Japan's Ministry of Health, Labor, and Welfare is insisting it has nothing to do with the vaccine. Right.
The vaccine he received was manufactured in Japan by a Japanese company.
Unlike Americans, Japanese people seem to believe just about everything they are told about H1N1 by their government, and are eagerly rolling up their sleeves to get the flu vaccine with mercury (among other things, and yes, even the Japanese-made vaccine contains mercury) in it - pregnant women, babies, toddlers, school kids, all the way up to seniors like this man who died right after he got the shot, and they seem to be very grateful they got the shot.
After all these years, almost blind trust for the government still exists in that nation of the rising sun. I'd rather join Serbians and chew on a raw garlic.
Ron Paul on Financial Regulations and Fed
Texas Congressman Ron Paul on CNBC Squawk Box, on financial regulations and the Federal Reserve audit.
Friday, November 13, 2009
Price of Garlic Skyrockets in Serbia
.. they have long memory in that corner of the Balkans.
Serbians are snapping up garlic for flu prevention, over vaccines that their government recommends.
Swine flu causes surge of garlic sales in Serbia
(Dusan Stojanovic, 11/13/09 AP via Google)
"BELGRADE, Serbia — Belgrade's open-air markets were a welter of busy customers on Friday, pushing and shoving to buy one item — garlic.
"In Serbia, garlic has long been regarded as a good luck charm and a guard against many ailments. As far as the public is concerned, that includes the swine flu pandemic, which recently has spread in Serbia and triggered near panic among the local population.
"That is now evident in Belgrade's produce markets, where the price of garlic has shot up, thanks to a sudden increase in demand. The smell of the little white cloves also has become prevalent in public places as people munch on them as if eating apples.
""Garlic is the best, forget the vaccines," said Marko Jankovic, an elderly Belgrader, with the pungent smell of garlic obvious as he spoke at the crowded Kaleniceva Pijaca market. "From the vaccine, you can get sick. From garlic, you can only get bad breath."" [emphasis is mine]
Haha that's funny. And good for the old man.
As the article points out, garlic has been used around the world for centuries for treatment and prevention of medical conditions, from indigestion to cold to hypertension and cancer. (For more, check out this article from Life Extension.)
Roman legions carried garlic cloves with them, and quickly planted more garlic in lands they conquered. Dioscorides, the chief medical officer in the Roman army during the 1st century AD, treated infected soldiers with garlic. (from "How to Win the War" by Bill Sardi)
Serbian officials and doctors are not too happy about the populace gobbling up garlic, instead of their recommendations of washing hands, wearing masks, getting vaccinated, and getting pharmaceutical treatment. The AP article ends with this observation:
"But in Serbia, doctors are telling the public to stop considering it as a swine flu defense.
""People must take this pandemic more seriously and focus on real prevention and medicine," not garlic, said Zoran Djordjevic, a virology doctor at a Belgrade hospital.""
It must be like telling people that the sun rises from the west. People in Serbia are taking it very seriously, I think, and are going for the century-old, proven (to them anyway if not to the medical authority there) method, without known side effect (other than bad breath), to fight it.
Thursday, November 12, 2009
ACORN Sues Congress on Constitutional Ground
no, it is not a joke.
ACORN Sues Over 'Unconstitutional' Funding Cuts By Congress
(Joseph Abrams, 11/12/09 Fox News)
"In an attempt to regain the millions in funding it lost in the wake of a hidden-camera scandal, ACORN is suing the federal government over congressional legislation that cut off funding to the community organizing group.
"Representatives for ACORN sued the federal government Thursday morning in an attempt to regain the millions of dollars in funding the community organizing group lost after filmmakers videotaped its workers offering advice on how to commit tax fraud and various other felonies.
"The suit charges Congress with violating the Constitution when it passed legislation in September that specifically targeted ACORN to lose federal housing, education and transportation funds.
"That qualifies the legislation as bills of attainder, according to the Center for Constitutional Rights, which filed the suit on behalf of ACORN. A bill of attainder punishes a person or group without the benefit of a trial, and is illegal under Article 1 of the Constitution."
This is hilarious. It's great that ACORN is now on board defending the Constitution (as long as it suits them, maybe). Was it constitutional, by the way, for Congress to have kept funding ACORN all these years? The last I read about "bills of attainder" was when I was reading about Richard III and Henry VII.
The article continues:
"The lawsuit itself singles out three defendants -- Treasury Secretary Timothy Geithner; Director of the Office of Management and the Budget Peter Orszag, and Housing and Urban Development Secretary Shaun Donovan.
"The three were responsible for facilitating the defunding of ACORN by Congress, according to attorneys for the Center for Constitutional Rights.
"ACORN claims it has been badly hurt by the congressional actions, and has had to fire workers and close some of its 1,200 branches around the country.
"Though it remains unclear precisely how much money the national organization was receiving from federal sources and aid programs, a lawyer pressing the suit said ACORN has already lost an amount "in the millions" since the freeze took effect."
And we don't even know how much money ACORN has been receiving.
President Bush's Speaking Engagement in Japan
for $150,000 and cheerleaders with pom-pom
Waseda University's students gathered to hear President Bush remimisce about his days, not as the president of the U.S. but as a baseball franchise owner. Huh? (And the university paid $150,000 for that?)
In Tokyo, Bush reminisces about baseball days (11/4/09 AP via Washington Post)
"TOKYO -- Exactly a year after Barack Obama was voted to replace him as president, George W. Bush was in Japan on Wednesday talking about his former life - in sports.
"Bush, a former part-owner of the Texas Rangers baseball team, offered no assessment of choices facing his successor on Afghanistan, climate change or the economy.
"Instead, he dished out advice to Japanese university students about running a sports franchise."
A Japanese corporation once paid $2 million to have Ronald Reagan come and speak for 20 minutes. Compared to that, $150,000 may be peanuts for Japanese.
US Budget Deficit Grows in October As Geithner Speaks of Strong Dollar
Talk is cheap (free) so of course that's what a budget-conscious Treasury Secretary would do: Talk.
Tim Geithner, U.S. Treasury Secretary, says the strong dollar is very important for the U.S., as he spoke in Tokyo before heading for Singapore for the APEC summit. (Unlike Chinese, Japanese apparently were too polite to laugh at him.)
Strong dollar 'very important' for US: Geithner (11/11/09 AFP via Google)
It seems Geithner opens his mouth to say this same thing every 3 months or so. However, as the U.S. dollar index chart since March shows, it's been just a talk, as actual intervention would cost money. He also talked about the administration's intention to reduce deficit in a separate interview with CNBC (near the bottom of this article).
In the meantime, his Treasury Department released the October report on receipts and cash outlays, which shows the monthly budget deficit increased again from September level. It is actually a record October high at $176.4 billion. His Department also auctioned off $81 billion worth of Treasury notes and bonds this week alone.
Talk is really cheap.
Wednesday, November 11, 2009
Inflation Is Already Here With Us
in government statistics
Many of us are now quite familiar with a highly inflated number of jobs "created or saved" by the administration's stimulus package. Boston Globe did a review of the cases in Massachusetts where "Organizations that received stimulus money miscounted jobs, filed erroneous figures, or claimed jobs for work that has not yet started."
If you would like to refresh your memory where the stimulus money (your tax money) is going (down the drain), here's my post from July 2009 "Will Stimulus Money Create Jobs As Biden Says?"(We know the answer, don't we?) It has a list of "projects" to be funded by the stimulus.
Not to be outdone, now CDC says more than 4,000 people have died from H1N1 "swine" flu. That's almost quadruple the number that they have been saying (1,200). What's going on?
Well, not really, but you see, CDC has decided to count all the deaths that may have been related to H1N1 flu, such as pneumonia and bacterial infections, organ failure, cancer, heart attacks, etc. (basically anything that they can remotely connect to flu). Compared to "regular" flu of last year and year before, not enough people have died of this "pandemic" to justify force-vaccinating a middle-schooler with the help from two armed guards. (See my previous post, and please protect your children, don't run away.)
CDC also says "many millions" of Americans have been infected with H1N1. How do they know? They don't. The test to find out whether one has H1N1 flu apparently gives so many false positives and false negatives that it is practically worthless, and besides CDC stopped counting the flu cases back in July. They are just throwing big enough numbers, "many millions". This is from CBS news, which by the way has a very good investigative report on H1N1:
"In late July, the CDC abruptly advised states to stop testing for H1N1I found one deflationary number coming from the government: number of Americans without health insurance. When they started hyping this health care "reform" (deform) way back when, the number of Americans without health insurance was over 50 million. As time went by, the number went from 50 million to 46 million, then 40 million, then 35 million, and that's about where it stands "officially" now.
flu, and stopped counting individual cases. The rationale given for the CDC guidance to forego testing and tracking individual cases was: why waste resources testing for H1N1 flu when the government has already confirmed there's an epidemic?"
However, eliminating people on temporary insurance between jobs (Cobra), people who don't want insurance and pay out of their own pockets, people who already have access to government program (Medicaid) or free programs and don't need insurance, and eliminating illegal immigrants, the estimates have been done to show there may be less than 10 million people (3% of the U.S. population) who cannot afford health insurance. (Here's an article on this topic that appeared in Lewrockwell.com in July. There are others.)
So, it may well be that the U.S. taxpayers are being asked by their government to fork out $1.05 trillion (minimum, I am afraid) to cover less than 10 million people. $105,000 per person. That's about the level of "bang for the buck" a la the federal government.
Will Grigg: Toxic Injection at Gunpoint
This isn't right.
Toxic Injection at Gunpoint (Will Grigg, 11/11/09 LRC Blog)
"An inmate of the Wheeling, West Virginia Middle School had second thoughts about enduring a government-issue toxic injection. After he fled the gymnasium, the child was tracked down by a “resource officer” — that is, a prison guard — and coaxed back to the shot station. But it took two tax-fed heroes to pin down the resistant child in order for the injection to take place.
"“He tried to run,” recalled Howard Gamble, Administrator of the Wheeling-Ohio County Health Board. “I looked over and saw two Sheriff’s deputies holding him down.” The sight of a terrified child being restrained by two armed full-grown “men” didn’t disturb Gamble’s servile serenity.
"“For the most part they go easy,” he commented during a November 10 Health Board meeting. “As far as the shots, every once in a while you have to hold down one or two — but that’s why mom is there or dad is there.”
"Of course, he didn’t mean to suggest that parents are there to defend their children from such assaults; rather, he meant that it’s useful to have a parent handy to coax his child into submitting to a government-mandated violation of his bodily integrity.
"The mother of the brutalized child described above actually fled the scene rather than witnessing the abuse — or doing anything to stop it."
Parents, DEFEND YOUR CHILDREN. Don't run away like this mother did.
For more about H1N1, please read Bill Sardi's articles at Lewrockwell.com.
All That Glitters at Harrods London
As gold hits all-time (nominal) high of $1,119.60, Harrods of London is seeing a brisk sale of all things gold - gold bars, nuggets, bullions.
The department store started selling pure swiss gold bars on October 15. You can now buy gold ingot (5 to 1,000 gram), you can buy bullions (Sovereign, Maple Leaf, Krugerrand, Panda, Philharmonic, Eagle), and Harrods stores them for you for a fee if you like. If you buy from Harrods, you can sell back to Harrods.
How can a department store sell gold? you may wonder. Harrods Gold Bullion page says the department store has had a private banking arm, Harrods Bank, for more than a century catering to well-heeled clientele.
In Germany they have gold dispensing machines at train stations. In Japan, you can set up an account to buy gold every month with as little as $15 per month (you buy whatever amount of gold you can buy with that money). Reserve Bank of India just bought 200 tonnes of gold from IMF.
Analysts have been saying that the gold move is an inflation hedge and a move against the U.S. dollars and all other fiat currencies (just about every single currency in the world). I personally think it is more like a crisis hedge in times of financial, social, and/or political dislocation as evidenced by the gold spike in the wake of Iran hostage crisis and the Soviet invasion of Afghanistan.
But with Harrods selling gold bars and bullions along their very high-end merchandise, it makes me wonder if gold is entering a bubbly phase of being a status symbol. Not just a few gold coins here and there, but 1-kilogram (35 oz) pure gold bar (that would cost close to $40,000) or two.
Kitco.com's Gold Index (which is also linked in the left column of this blog under "Market Data and Tools") shows gold is bought despite the slight recovery in the U.S. dollar.
Tuesday, November 10, 2009
OT: Free Nobel Peace Prize If You Order Shrimp Tacos
I have seen this photo in several places on the net, and I don't know the original source. I grabbed from here.
Shrimp tacos don't quite fit the "most powerful writer since Julius Caesar", but I like shrimp tacos. I like fish tacos, too. Oh I like Caesar's salad, too, now I think about it.
(I think I'd better go to bed now to recuperate from the flu. My brain's not working.)
OT: Watch Out, Twitter, Facebook Users
FBI may be after you.
From David Kramer at LRC Blog (Lewrockwell.com). The link has a video clip of a guy who was arrested for for twittering the fellow demonstrators where to go to avoid the police during the September G20 protest in Pittsburgh. (Remember that one where the police/military (indistinguishable in fatigues) used a sonic weapon against protesters that could permanently damage hearing? )
Start Kissing First Amendment Goodbye (11/10/09)
Monday, November 9, 2009
Communist-Era Goods Back in Vogue
... sign of times, perhaps.
Communist consumer goods make comeback
(11/8/09, AFP via Breitbart)
"Once the butt of jokes the world over, communist-era East European goods from sweets, to rustic washing machines and clunky cars are all the rage again."
"Two decades on, many who then welcomed change now want to turn the clock back by eating Szerencsi chocolate, driving Trabant two-stroke cars or using Frania washing machines to wash carrots."
You can read the entire article by clicking on the link above. The article attributes this renewed interest in Communist-era goods as nostalgia for bad old times for older generation, and curiosity for younger generation.
Well, it looks like they are survival goods to me.
A washing machine that you can operate without electricity (Poland's Rotor Frania)
- A car so rudimentary you can fix yourself (Traband, Skoda, etc.)
- A condiment sure to enhance any bad-tasting food with MSG (Croatia's Vegeta)
I still remember what one of my collegues told me in a company I used to work for. He was an engineer, and unlike other company engineers and scientists who went to western Europe or the U.S. to study, he went to Soviet Union. He said he came away pretty impressed. He said it was really true that the Soviet TV set could explode, but also said that the vehicles there (I think he was mainly talking about heavy trucks) could be fixed from within the vehicle. Much of the vital parts can be reached from within, he said, and you wouldn't need a mechanic.
I also recall Communist-era public housing in east Berlin was really getting popular in 2002-2003. It was partly due to Goldman Sachs and Morgan Stanley hyping the real estate in Berlin at that time, but I wonder if that continued...
OT: Virus Scam (Computer, That Is)
If you receive a call from someone with Indian or Arabic accent telling you that they are from Microsoft, that your computer is infected with serious virus and they can help you clean and protect your system, it is a SCAM. They want to talk to you while your computer is on, so that they can either infect with virus to sell you their product or steal information on your computer or both.
If the telephone number they're calling from / they want you to call is any of these, tell them to go to hell:
800-698-9034
347-289-3770
646-884-9561
This is their website: www.supportonclick.com. Don't even go there, but if you ever see email coming from this address, don't open it.
Not-so-tech savvy seniors are particularly vulnerable. Please warn your parents and grand parents.
Something Deadly Is Afoot in Ukraine
They are not even sure if it is H1N1 influenza.
And very peculiar, too. Up until October 29, Ukraine had only few cases of H1N1 "swine" flu. Then, almost out of nowhere, the cases with severe flu-like symptoms exploded into nearly 1 million (Ukraine's population is about 46 million), doubling in numbers in 2 days along the way.
Here are two articles from Bird Flu Pandemic:
H1N1 Swine Flu Or Something Far Worse? The Debate Over What The Heck Is Going On In Ukraine Rages On
Has The H1N1 Swine Flu Virus Mutated To Become More Like The 1918 Spanish Flu? Dying Patients In Ukraine Are Experiencing The Total Destruction Of Their Lungs
What's strange also is the number of deaths attributable to H1N1 flu. Of 155 deaths in Ukraine so far, only 14 were confirmed as resulting from H1N1. What of the rest? What are people dying from?
Speculation ranges from suddenly mutated H1N1, Ebola, hemorrhagic fever, to pneumonic plague.
And this from Bill Sardi at Lewrockwell.com today suggests synthetic virus does the job like the real one:
"The synthesis of flu viruses became more than a possibility in 1999 when researchers demonstrated it was possible to overcome the previously insurmountable problem of arranging eight segments of RNA. This was accomplished by generation of RNA using an enzyme, RNA polymerase, essentially creating a cloned flu virus."
And finally, there is this strange case of Joseph Moshe.
(Just by linking these articles, I feel a bit sick again. Time to take Vitamin D3 again and try to recoup..)
US Dollar Under the Bus
While I was trying to recuperate from a flu over the weekend, Nancy Pelosi did a sneak attack and passed her monstrosity known as "Affordable Health Care for America Act of 2009", or H.R. 3962 (in my mind, the health care deform) on Saturday night. (I'm sure it's a bargain for $30,000 per uninsured person.) Then, as if to prevent the stock market from tanking on Monday (Pelosi's deform will cost fortune for the rest of us; she doesn't care, she's one of multi-millionaires in Congress), G20 pledged to keep stimulus in place to prop up the global economy.
As the result, U.S. dollar was thrown under the bus. Oh for the good of the world, no doubt. Dollar carry trades in various forms (such as issuing U.S. dollar-denominated sovereign debt, for example) just got started.
The next support comes around 72 on the U.S. dollar index (DXY), which tracks a basket of currencies (Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona, Swiss Franc) against the dollar. The last time the dollar index was in the 72 range was March - July 2008. Below that level, the currency will boldly go where no one has gone before. The area around 72 is the multi-decade low. (Remember this chart?)
The U.S. stock market cheers. Dow Jones Industrial Average is up 151 to 10,175, S&P500 up 16 to 1,086, Nasdaq up 30 to 2,143 as of 12:09 EST. What will Little Timmy and Big Ben do next?