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B4 The Bell Tuezelday September 7


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Latest NHC forecast track still has Florida in the cone. If it hits us again, it would be a disaster of possibly immeasurable proportions, with even long term consequences. One long term issue will be insurance.

 

http://www.nhc.noaa.gov/ftp/graphics/AT09/...IF/071008W5.gif

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Well this weekend the little altimeter in my Jeep hit 10,260. There was no place else to go but down. Coincidence? I think not. :lol: I used to have a plastic Jesus on my dashboard, but he kept leaping out at the most inopportune times. Most unbecoming for a savior, jumping ship just when you really need him.

 

Was Kerry set up as a stooge - the fall guy? Entirely possible. His every action and refusal to ask the tough questions of Shrubco only reinforces that concept. If the neocons retain control, God save us all. Or maybe that's Fluffy save us all. :P Kerry's ace in the hole, the economy, is a card not yet played. If he refuses to play that card to the max, the die is cast. Americans normally vote with their wallets which is why Clinton was re-elected - what was not to like in 1996 for the average American? The question now is will the reality of what is happening to Ameircan's wallet outweigh Shrubco's attempt to play on our fears despite the blundering of the Kerry campaign?

 

Here we are one week into Sept and Wal-Mart confidently puts out a 2-4% rise forecast for the entire month. Of course previously they had planned a 3-5% rise. Let's see, the first of the month is when you have the maximum number of paychecks hitting the bank since the weekly, bi-weekly and monthly paids all coincide only once a month. Secondly we have captured Labor Day weekend, which in our country also coincides with many hunting seasons opening, as evidenced by the large numbers of shoppers in our one remaining mega- sporting goods store that I went into on Saturday. Any long holiday weekend spurs buying - gotta have that last little or several special items for the trip/party/barbeque. I look for an adjustment to that forecast about Sept 20th.

 

I believe the downtrend in retailing evidenced over the last three months will accelerate. Floridians who lose cars are going to be in for a bit of shock when they learn that their insurance will not cover the pay-off on their loans in most cases. The net result on any disaster is anything but bullish. The losses are real and the insurance never covers 100%.

 

With Hyper gone I will remain as the one lone voice arguing against the hyperinflation camp. I am and will remain in the deflation camp. I simply believe the forces previously unleashed will simply be too powerful for any amount of printing presses to cover and the consequences of attempting to print our way out of a sticky spot in this case will simply add fuel to the downside. One should go review the debt-berg concept. In the interest of disclosure, it must be noted that a significant portion of my holdings would benefit by hyper-inflation, but that is not why they were acquired, nor is it why I continue to hold them.

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Sphinx, I don't think there are too many people around here that believe the party line on 9/11 is the correct story. I don't think you fully qualify for the lunatic hatemonger status, you're simply not trying hard enough for that award. :lol:

 

The simple truth is, like JFK or any other number of "unsolved" historical events none of us will ever know the full story or all of the aspects that conincided to bring about that tragedy.

 

It would be a shame to lose you, but your conscience is your guide and I can't really argue with your protest of a minor censorship. As Doc has said there are plenty of other places availabe for that discussion ans since we are playing in his sand box we must respect those wishes. On the other hand it would be a shame if we cannot or fear discussing anyone or anything if it involves anyone of Jewish descent. As in any population there are good ones and bad ones. This is the problem with any censorship, it is a wet blanket that tends to grow over time.

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Guest bullseatshitndie

spx futures +5, never ends. everyone thinks volume will come back this week and prices will be to the downside. somehow, don't think that's in the script

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My power at home in Clearwater is still out, although most of the city has power. Lots of food is ruined.

 

Big phosphate spill into a creek leading to Tampa bay is likely to end badly.

 

Hope my power is on before Ivan hits so I can use my tools to batten down some more.

 

My big trees are a mess, but still standing.

 

Francis wasn't so bad as far as wind damage, but the electric wiring and transformers around town are old and quite a few blew up.

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I understand that from your perspective the issue is censorship. From my perspective, the issue is that this site is a publication, and therefore it is an issue of editorial perspective and direction. That involves judgement calls, and I will use that judgement as wisely as I can. I do not believe that endless discussion of conspiracy theories of the 911 massacre contribute to the quality or growth of Capitalstool.com. I do believe they are off topic, and potentially destructive. So I'd like to stay away from it.

 

Yobob, if I were to restrict discussion to non-Jews only, we wouldn't have anyone to talk about. :lol: :lol: :lol: Let's face it, we are all vicious in our criticism of Greenspan. Where I draw the line is when discussions and criticism of Greenie or any other Jew veers off into the age old tactic of making Jews the scapegoats for any and all problems impacting society. That is where I will draw the line.

 

I think I owe it to all stoolies to try to make this as clear as possible, and I want to be as open and transparent as I can, so that you can feel comfortable that there will not be an issue of "creeping censorship." The air may never be completely cleared, but I will do my best to explain whatever editorial decisions I make. If anyone else has any questions, or needs additional explanation, I will do my best to respond.

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Fear not, Yobob -- or perhaps now you really should :P -- you're not the last man standing in the deflation camp. For much the same reasons and for more years than I care to remember I've thought deflation the more likely outcome. There's always been a caveat though . . . . if the PTB are willing and politically able to go the full autarky route and introduce "socialism by reverse takeover" then all bets are off. This would also, of course, render all serious discussion of markets moot.

 

Now, my overall view hasn?t changed as to the most likely outcome but one fresh perspective did occur to me in recent weeks.

 

Wouldn?t Bernanke?s programme of "helicopter drops" (in other words the massive expansion and distribution of base money) in effect be an attempt to forcefully superimpose a primitive financial system on top of an immensely complex disintermediated one already suffering from terminal confusion and grossly excessive leverage? Sort of Weimar mated with the Matrix. :blink:

 

The more I reflect on the clash of systems and cultures this would entail, the risks of gridlock or meltdown or hyperinflation, the more I stand in awe at the intellectual hubris of someone willing to blithely chance such an experiment. At least Oppenheimer and his colleagues approached the Trinity test with due solemnity and, I suspect, a profound, almost superstitious fear that it might be the very last thing they ? or anyone else -- ever saw. Sadly, today we seem to have granted our power to midgets who imagine themselves giants.

 

The crowning irony is that success in this experiment would far be more damaging than failure. Should people and businesses ? not to mention foreign creditors -- become convinced of the authorities? determination and ability to relentlessly pursue an aggressive expansion of the monetary base, then a generalised flight from money could not be far away. And so would arrive Mises ?crackup boom?, a process without peer for destroying the moral and ethical underpinnings of a civil society.

 

All in all, not a pretty set of alternatives.

 

regards

 

Basho

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