Posts Tagged ‘subprime’

Below is a  US dollar chart graphic up until today. A lot of people today are asking is the US Dollar strong?

Well, that my good friends is a very good question! In fact such a good question that instead of ramble on I thought I would draw a pretty picture about the whole situation for you to feast you eyes upon (see below)

A PICTURE SPEAKS A THOUSANDS WORDS!!! Wouldn’t you agree!?

Ok, now for the fun rambling entertaining bit!

Alot of people thought we was crazy when we hinted the dollar would die a sickly death. Well consider this last few weeks, the sore throat, and runny nose of the US dollar. You know what those symptoms mean, yes!….OH OH.

Today was interesting, as every the popular news wires were hinting on evidence that seems to suggest china is quietly trying to get out of the dollar. These guys are very VERY smart, but the thing is they have themselves in a sticky situation. They own alot of US dollar and want to get out fast..

AINT GUNNA HAPPEN, OR IS IT?….

Warren Pollock today discussed the problems the Chinese are experiencing with the US Dollar and how they are orchestrating a quiet exit. The Chinese know the US Dollar will be devalued through inflation or simply by way of a straight-up default, so they want out, ASAP. If The Chinese are getting out, perhaps we should all be thinking about how to get out of dollar denominated assets, as well.

China selling big portions of the US dollar (which we could see on the horizon) would be the same as walking up to a raging fire, and pouring another 20 litres of pure gasoline onto this already raging enferno. But Obama seems to be playing Monopoly with these US dollar notes and giving in to all the rich bankers holding out there greasy palms for more cash. At the same time the word or term “Bailout” is now used like an oily old rag.

Even though we are hitting some newish lows in the dollar you ain’t seen nothing yet. Until then I guess its the old ‘Cat & Mouse’ game for China who are sitting on the sideline writing out their strategic plays for the coming months.

Whatever the case this whole Monopoly situation is not good for the economy and is not good for the little guy on the street..including you and me. I am sure China is saving their “Get OUT OF JAIL FREE” cards for the right moment.

A Change in mentality as well as currencies will only be a small part of the many bigger changes and challenges laying ahead. A complex multifaceted topic that will be saved for another day.

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Many years ago When Franklin D. Roosevelt was president of the USA he made a very famous quote.
“But while they prate of economic laws, men and women are starving. We must lay hold of the fact that economic laws are not made by nature. They are made by human beings.”

It basically means that Government (human beings) are the ones making laws regarding the economy. Because the economy cannot simply run by itself. It’s the laws, rules, constraints, that fine tunes the engine in order to make it work properly. If something goes wrong then it is not these laws you must blame but the people that are these ‘law makers’.

Recently this engine (the economy) has broken down, and if we do have a situation where men and women have no money or no food who do you think they are going to blame first. I think the government is starting to see this and are panicking and have ‘plan B’ ready and will change many laws and restrictions regarding their privileges and authority in order to have more control over many situations regarding the economy.

There is one thing for certain, “Change is coming“…VERY SOON and in a big way. I would be lying to you if I gave you the normal pitch that I keep seeing on the 6 o’clock news. They keep sugar coating this credit crisis like they have miraculously found a lamp, rubbed it got 3 wishes from the genie that popped out.

The problem is, there is no LAMP, and there is no GENIE!

The video below explains this more in detail…

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{Insert Music}… “BAD BOYS!…..BAD BOYS!….Whatcha Gunna Do When They Come For You!”

Yes! you can run.. but you can’t hide, says freelance bounty hunter Duane Chapman (above photo) star of the television program “Dog the Bounty Hunter.”

On a normal sweaty work day, ‘Dog’ is seen chasing down those nasty knife wielding, gun slinging bad boys in town, who simply have a problem with the authorities or for some reason, skipped bail. But recently due to the economic downturn, his attention has been more focused on the white collar criminals. You know,  those cleanly shaven, suit wearing fellows that look important on the surface, but deep down are evil, and rotten to the core!

Dog’s job is to sniff out these ‘Madoff – like‘ Characters and smoke them out of their rat holes. Not the easiest job in the world Dog admits, but in a recent interview he stated, “These guys fail to escape the law due to a lack of preparation for the rigors of life on the lam”

Take for example Samuel Israel, 49, convicted of running a $400 million Ponzi scheme at hedge-fund firm Bayou Group LLC, and Schrenker, 38, accused of fraud as president of Heritage Wealth Management Inc., were captured within a month of fleeing.

Dog added, “White-collar fugitives often run out of money or lack the mental sturdiness to elude police. There are different qualities in white-collar guys than street thugs,” Chapman said. “A criminal’s life has nothing but ups and downs, whereas a white-collar criminal has never seen the dark side, so when he enters that realm, he is lost.”

As the economy dwindles, and the truth crusades continue, we continue to see many white collar criminals who flew under the radar, hunted down and bought to justice in the next 12 – 24 months. Those that have become victims of their own legend and illegal operations, will realize they are about to be caught and try drastic things to evade the law & authorities. In order to completely ‘disappear’ from the radar they will, fake their death, seek refuge with family or heavily disguise themselves to elude authorities and investigations.

According to David Turner, a spokesman for the U.S. Marshals Service. Some 3,300 warrants are outstanding for white- collar crimes or crimes related to the subprime meltdown, according to William Sorukas, chief inspector for domestic investigations for the service.

The cages are open, the sniffer dogs are on the prowl for you, so keep running boys…. It’s only a matter of time.

WHATCHA, WHATCHA, WHATCHA GUNNA DOOO!…….

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