news from swiss

At Davos, world leaders are trying to find a way out of our severe recession. Free markets without regulation leads to catastrophe - our credit bubble is one more reason we should be more careful.

Will a black hole gobble earth?

John Titor said that the Large Hadron Collider would create black holes. Now science says that LHC black holes will not gobble earth. The energy use to create black holes is going to be phenomenal. I believe that we can create a black hole with the LHC and produce new technology.

Gov Rod is gone

Well, it is yet another chapter in this tragic tale. Illinois Governor Rod Blagojevich was impeached. This might seem obvious now, but we can only wonder if they had failed. If there had not been enough votes. What message would that send?

You do not need an HDR time machine from Steven Gibbs to see his future. My guess is that gov rod will soon see court. Depending on the penalty it will determine if others will follow his example.

rich get richer

RICH bastard, I mean Richard Flud exceo of Lehman Bros sold his 14 million mansion to his wife for $100. You can't make this stuff up. This is why people do not trust authority figures. The banksters got billions, and the workers go pay cuts.

When will we realize that banksters are parasites? They produce nothing. They are the modern moneychangers that Christ 2,000 years ago called a den of thieves. Technology may change, but people do not.

Banksters get four trillion

Bank bailout costs four trillion, that is the latest news. Instead of giving money to the hard working employees, the money goes to bailout banksters. The taxpayer money is use to provide Lear Jets to corporate executives who talk about cutting costs, but not their sky high salaries, no not that.

To make their stock price go higher, execs fire hard working Americans and relocate factories to Red China. All this talk about globalism is bunk! The truth comes out and now we see that execs that live in the lap of luxury and spend millions decorating their offices, fire thousands of workers and throw them out on the street.

It is time to fire some executives, as the execs like to say "Gotta make some CUTS!"

Financial Collapse is here

A magnasize recession turning into a deep depression. As the unemployment rate increases less money goes to the government. This means the gov could run out of money. Take a look around, Home Depot today cut 7,000 jobs, Sprint Nextel cut 8,000 jobs and Caterpillar cut 20,000 jobs.

Things are getting worse at a max rip. Debunkers focus on a home sales rise. Do you think that as banks fail and people lose their jobs home sales will increase? Think again, we are going down!

Business says this is the worst business climate in 27 years. Analysts fear that the bottom could drop out of the stock market. My advice is to be careful.

Stock Market going DOWn

I predict that Wall Street is going to suffer from an adverse economic crisis. Poopboys will layoff mechanics as people refuse to repair the old clunker. Sales of new cars this year could be as low as nine million, in contrast to sixteen million in 2007. GM is hoping to survive, but that will prove difficult as more workers lose jobs and the nation plunges into a deep depression.

China & US in currency row

China is angry at US printing too much money. They are tired of getting green pieces of paper. They want diversify out of the dollar. China slams US on its currency. It feels that there need to be changes.


Willem Buiter warns of massive dollar collapse. This would lead to hyperinflation as dollar dumping would cause the value to plummet.

Good news for a change

The Dow was able to climb back over 8,000 today to close down only 45 points. Wall Street is looking at lean years as we move ahead. The problem is that we have an oversupply of people in the financial sector and few jobs elsewhere.

It would be grand if we were to increase employment in green industry, but most people see white collar financial work as better than manufacturing. And manufacturing is being move offshore anyway. Still, we are hanging in there and the market did not implode today.

Sharp increase in unemployment rate

A sharp increase in jobless claims means we are sliding into a severe recession and could go into a deep depression. Nothing funny about the current state of commerce. Hugh piles of containers are at the dockyards, and new car lots are full imported vehicles that are not selling. Our trade deficit may go down because people are buying a lot less MADE IN CHINA at the dollar store, and since more food is grown in the US than anywhere else, this could mean that we will see our economy improve down the line.

However, for the near view, we see more trouble as banks fail and our economy begins to implode. People using remote viewing say that the future price of gold will hit $2,000/oz.

Bankrupt Banks

US banks face insolvency, a crisis situation is in the making. Sadly our economic crisis is far from over. The systemic bank wide crisis started with mortgage meltdown and is now moving into complete collapse. The government could run out of money if it continues to try to prop up bankrupt banks.

Capitalism is dying

The market is in free fall, and our financial system is in shambles. Capitalism is on the brink, because the banks are falling. There are trillions of dollars in losses and we could see our economic crisis enter a phase of implosion.

Life on Mars?

Methane found on Mars means life likely as new evidence piles up. This is a great science breakthrough as we have wondered for a long time if there could be life on the red planet. Perhaps it is not a dead planet.

Bank of America in trouble

The biggest bank in america announces that things are worth, I mean worse than they thought. Yes, Bank of America is in trouble. The question is - how much worse will things get?

I believe that unemployment rate will go up 2009 and this may cause more people to lose their homes to foreclosure, also more car repos, and people unable to pay credit card debt. This cannot be good for banks.

Hyperinflation in our future?

Hyperinflation in Zimbabwe is so high that with 500 billion Zimbabwe dollars you can buy three eggs. That is because their government printed too much money. In the US a similar problem is happening. The euro used to have less value than the dollar, but from 2001 to 2008 the dollar lost 60% of its value against the euro. This is because we print too much money.

Our current severe recession helps mask the effect, but soon prices will rise and people will get crushed. Remember that real estate went down, stocks went down, soon due if hyperinflation the dollar will go down. The future price of eggs is a lot more than now.

Great Depression 2.0?

Unemployment is at a 16 year high, manufacturing at a 60 year low. Foreclosures are up 81%, and our economic crisis is getting worse.

When americans lose their jobs they cannot pay for houses, this in turn causes banks to fail and property prices to fall. As property prices fall the banks are loaded with worthless properties that they cannot sell. It is a perfect storm.

This was cause by offshoring and outsourcing work to countries like China and India. All those factories that move to China and businesses that send programming jobs to India now find that the US is falling apart.

Another DOWn Day

The stock markets were DOWn today almost 250 points on news of weak retail sales and Citigroup fell 20%. Things seem to get worse all the time. There is now talk that Citigroup may not survive without additional bailout money.

Banks in trouble - AGAIN!

Citigroup today was down over 20% as people worry if the bank can survive. Vikram Pandit may have to resign. The bank already go 45 billion in bailout money and needs more. Taxpayers are angry that the bank bailout money did not rescue citigroup.

Nortel files chapter 11 bankrupcy protection today.

Its stock went from $1,100 per share in mid 2000 to seven cents today. This was once the largest company in Canada. Let that be a lesson to all. Many thought that this high tech wonder would rule in the future, but instead it is on its way out. In fact, with our current global economic crisis we will see many more companies bite the dust as we go into financial catastrophe.

I predict a complete collapse of the financial system will take place and that skeptics will become believers.

Aircraft of the future

NASA has some near future aviation concept vehicles that we might see soon. Due to budget constraints we have seen little now, but as science advances there may yet be new uses for rocket travel. Perhaps we will live in a world quite different from our own.

Flying car is real

Here is a real flying car that is road able and uses regular unleaded gasoline. It goes from car to plane in 15 secs. This incredible vehicle can do the impossible by acting as both a car and an airplane, our dream is finally real. True, the flying car is expensive, but it could be in specialty automobile showrooms in 18 months.

Ford to build electric car

GM has the volt, Toyota has the EV, and now Ford is tossing its hat into the electric car ring. Ford wants to build an electric car to be able to compete as other companies go green in tune to a new initiative by Obama to produce cars that are more efficient and use less fossil fuels.

As fuel supplies run out we will be able to move to electric cars that are power using wind and solar. The future can be bright for electric cars.

What was the Great Depression like?

I have talked to people that lived through the Great Depression. They call it the awful depression and told me horror stories of starvation and suffering. It was a time like no other. They do not have pleasant memories of the 30's. The music of the times is sad and so the the photos. Here are photographs of the Great Depression.

Keep the land line

Want to get rid of your land line? Well, police want to be able to jam all cell phones during the next terror attack. You will be phone less if you use a wireless. I learn that during disasters due to the volume of calls cell phones rarely work. Also, that is when you need your cell the most.

Keep this in mind if you believe that the land line is ol skool. The day may come when you need to make a call and can't.

Electric cars 100 years ago?

Yes, back in 1909 there were over 1000 Baker Electrics in New York City. These cars were popular with young ladies who did not like the noise and smoke of gasoline cars. Edison pushed for electric cars. Alas, big oil back then killed the electrics and today we have a polluted world.

The dream back then was street cars and electrics tooling down the streets powered with electricity from hydro and wind mills. Yes, they had wind generators back then. Which were popular in farms away from the city. The Baker Electric which could go over 100 miles on a single charge shows us how little we did move forward. The road ahead is uncertain, but we have choices; we can do nothing, or we can embrace electric cars.

Cell phone wristwatch

The future really is here. The futuristic Dick Tracey watch that was also a telephone is no longer science fiction - no it is quite real. Cell phone wristwatch is making a come back as people want the convenience of a watch and the power of a phone. This means that we now longer have to wait for this gadget, it is here.

new way in 2009

I shall embark on a course in uncharted waters as we set sail for a new frontier. 2009 will be fine for those that are ready. I see that many worry about the future. Well, worry is where the negatives develop. The important thing is a plan of action. That is what we will outline in the days to come.

Dow unable to hold above 9,000

This is a very sad sign of the times, even with an Obama stimulus package that gives every american $500. Wall Street is in trouble. People fear our severe recession will turn into a deep depression.

In other news, Apple admits that Steve Jobs has serious health issues due to a hormone imbalance that causes his body to lose protein. People did worry that the pancreatic cancer was back.

Moneyyard

Moneyyards are running low on the green. For example the biggest moneyyard of all, the financial capital of the world New York City, is now facing even more decline in the dollar and bankrupt banks. This can only take us down into a deep depression.

It is a time of troubles we are now in that makes moneyyards so important. Without money, no houses are built, no business can operate. It is true that we need to have extra reserves, and these can serve as a reservoir during a drought. However, we spent our money and now have no reserve.

I see dark days ahead for america.

Militarization of NASA

The merger of NASA and the military to save money could be a slippery slope. We may soon see military bases on the moon. Space wars could be not that far off. A "star trek type" future with battlestars fighting it out could be our next step.

euro replaces dollar

I believe that the euro will replace dollar as world reserve currency. The implications for the US are staggering. Many do not understand that the world is getting tired of supporting a country that produces less and less. The future is frugal.

minimum wage

The State of Ohio raises minimum wage to $7.30/hour. This is important because I predict that inflation will pick up in 2009 as the multi trillion dollar deficit hits. The US gov has been printing a lot of green pieces of paper.