Ideological War Spells Doom for America’s Schoolkids

http://pajamasmedia.com/zombie/2010/08/30/ideological-war-spells-doom-for-americas-schoolkids/

Students are returning to school this week. But they’re not heading back to class — they’re walking straight into a war zone. Our kids have become cannon fodder for two rival ideologies battling to control America’s future.

In one camp are conservative Christians and their champion, the Texas State Board of Education; in the other are politically radical multiculturalists and their de facto champion, President Barack Obama. The two competing visions couldn’t be more different. And the stakes couldn’t be higher. Unfortunately, whichever side wins — your kid ends up losing.

Hitting resistance on $RUT.

Hitting resistance (top chart). Quite a bit of positive divergence on weeklies (bottom chart).

A pullback here could be a buying opportunity.

All micro trendlines...

As of Noon Central Time today.

Market turning down.

Just sold my longs for a loss about $200...market weaker than anticipated..

I bought at the blue dots and sold at the red one, made $200 on the way up and lost it on the way down. A wash, really...

This channel is shallow, so that implies not much energy, anyway...

Doomsday seed vault created by Bill Gates and David Rockefeller

by F. William Engdahl





http://www.globalresearch.ca/index.php?context=va&aid=7529

No project is more interesting at the moment than a curious project in one of the world’s most remote spots, Svalbard. Bill Gates is investing millions in a seed bank on the Barents Sea near the Arctic Ocean, some 1,100 kilometers from the North Pole. Svalbard is a barren piece of rock claimed by Norway and ceded in 1925 by international treaty (see map).

On this God-forsaken island Bill Gates is investing tens of his millions along with the Rockefeller Foundation, Monsanto Corporation, Syngenta Foundation and the Government of Norway, among others, in what is called the ‘doomsday seed bank.’ Officially the project is named the Svalbard Global Seed Vault on the Norwegian island of Spitsbergen, part of the Svalbard island group.

Central Bankers get way bolder.

Central Bankers get way bolder.

From Jackson Hole, Today August 28th on Reuter’s Main News Page.

“Fiscal “alchemy” must mimic monetary science”

http://www.reuters.com/article/idUSTRE67R13H20100828

If I read this correctly, they are saying that Congress is inept (and by extension, also are the people who voted them in), and for the sake of professionalism, the central bankers must endeavor to ‘influence’ fiscal policy.

Excerpt:

“Central bankers are likely to have to pay more attention to taxation and budgeting in the future as the stresses from the financial obligations of retirement programs increase, he said.

Since there is general agreement that central bank decisions should be made without political meddling, financial markets can be reasonably confident of policy makers’ responses to a slowdown in economic growth or a rise in inflation, Leeper said.

However, no such predictability exists for fiscal policy, which can shift with political winds.”

Translation:
So they want to extend the Central bank’s mandate beyond printing money and creating ponzi schemes, to full governance, taking on taxation and spending, i.e. usurping the constitutional role of Congress.

They make some comments about retirement programs and Social Security, about the debate over reducing benefits or raising taxes.

Don’t we want Central Banks to handle these things too?

Sure. Right.

---------------------------------------------------------------------------------


Also, isn’t it great, as per the title of the article, that what they do they call “monetary science”!

What a joke!

Sun storm to hit with ‘force of 100m bombs’

http://science.nasa.gov/science-news/science-at-nasa/2009/21jan_severespaceweather/


Sun storm to hit with ‘force of 100m bombs’

http://www.news.com.au/technology/sun-storm-to-hit-with-force-of-100-bombs/story-e6frfro0-1225909999465#ixzz0xy1eoplN

Sun ramping up for Solar Max
First Max event since mid-80s
US studies effects of ‘digital bomb’

This week several US media outlets reported that NASA was warning the massive flare that caused spectacular light shows on Earth earlier this month was just a precursor to a massive solar storm building that had the potential to wipe out the entire planet’s power grid.

NASA has since rebutted those reports, saying it could come “100 years away or just 100 days”, but an Australian astronomer says the space community is betting on the sooner scenario rather than the latter.

Despite its rebuttal, NASA’s been watching out for this storm since 2006 and reports from the US this week claim the storms could hit on that most Hollywood of disaster dates – 2012.

“The general consensus among general astronomers (and certainly solar astronomers) is that this coming Solar maximum (2012 but possibly later into 2013) will be the most violent in 100 years,” astronomy lecturer and columnist Dave Reneke said.

Similar storms back in 1859 and 1921 caused worldwide chaos, wiping out telegraph wires on a massive scale.

US government officials earlier this year took part in a “tabletop exercise” in Boulder, Colorado, to map out what might happen if the Earth was hit with a storm as intense as the 1859 and 1921.

NASA said that a recent report by the National Academy of Sciences found that if a similar storm occurred today, it could cause “$1 to 2 trillion in damages to society’s high-tech infrastructure and require four to 10 years for complete recovery”.

The Billionaires Bankrolling the Tea Party - NYT

http://www.nytimes.com/2010/08/29/opinion/29rich.html?_r=1&hp


Excerpt:

Tea Partiers may share the Kochs’ detestation of taxes, big government and Obama. But there’s a difference between mainstream conservatism and a fringe agenda that tilts completely toward big business, whether on Wall Street or in the Gulf of Mexico, while dismantling fundamental government safety nets designed to protect the unemployed, public health, workplace safety and the subsistence of the elderly.

A lesson from the past.

http://mises.org/daily/1504

Inflation and the French Revolution

On the Militarism of 'Christian' Nations

From a discussion at Max Keiser's site I wrote this:

I think it’s not generally recognized that the reason Christian nations are involved in a lot of wars has a lot to do with the structure of the Bible.

In the New Testament, Jesus lays out a program that reaches out to all peoples of the earth, as potentially God’s children. This immediately obsoletes the Hebrew tendency to feel as a chosen people they had first dibs on any land near their current holdings.

It obsoletes the superiority of the Jewish people, levels the playing field.

Then Paul spends his career spreading this program. This is part 2 of the NT.

Part 3 of the NT is missing. This would be a history of a Christian nation, which would employ Christian values in foreign relations. It would use war as a last resort, for self-defense. And it would treat defeated enemies graciously. No gratuitous slaughter, or holocausts.

Because part 3 is missing, Christian get their nation to nation relationships from the Old Testament by default, which is as violent a document as you can find anywhere on Planet earth.

I would add that under Douglas MacArthur, second world war, you can find a man who employed Christian principles in administering the occupation of Japan, and he did an extraordinary job.

Had some political hack had the job, the Japanese occupation might have turned into something difficult. Maybe not as bad as Iraq, but not good. He insisted on his soldiers treating the Japanese and their women respectfully. Many Japanese feared the American Invasion because they knew what their own soldiers would have done had they conquered America.

It is recorded in Japanese newspapers of the day, that the Japanese were humbled by the high road the Americans had taken every bit as much as the military defeat itself…

The actions of MacArthur were the actions of one enlightened man.

The U.S. is therefore schizophrenic, with some Christian values expressed imperfectly inwardly, and OT Hebrew militarism expressed outwardly.

MacArthur kept the Emperor of Japan safe, and wisely employed his help to stabilize the Japanese nation, unlike in Iraq today where American soldiers are taught to disparage all of Iraq religion and culture.

Vast difference in wisdom and outcomes…

Dollar dropping...

This often happens when the stock market rallies...Notice the negative divergence on the dollar index as it rolls over...

Possible double bottom

Update: Added to my long position, 8:50 Central Time.

Contained depression - Mish Shedlock

http://globaleconomicanalysis.blogspot.com/2010/08/contained-depression.html


Very good analysis of what's ahead...

Having fun with the NNDB database

Want to know who is connected to who? or to what?

Using the NNDB database is easy. Here the output for James Dimon, CEO of JPMorgan Chase:

Here's the link:

http://www.nndb.com/

And Here's David Rockefellers:

5 year bond chart.

Similar to the ten, suggests some kind of reversal is not to far off (keep in mind this is a monthly chart).

Another piece of evidence...

Clickcharts

Note too that their proprietary trend indicator has gone green for two days on the $RUT. This hasn't happened yet on the $SPX, though...

I saw this green light first show up yesterday, and I think thats why I pulled the plug on my shorts...but there is some lag on these things..

At the top you see negative divergence on the 'Russell 2000' $VIX. This also evident on 'regular' $VIX, just less pronounced.

All taken together, we're at some kind of a bottom..

Update 2:20 Central: Just purchased a little long position on $RUT...

Another indicator: Money Flow shown here above on the Q's...

Microtrendlines at 11:00 central time

Looks actually like a bottom might be forming here.. Look at the Bigcharts oscillators, wedge forming..also $SPX and $VIX have just the kind of minor trendline penetration seen at turning points..

Now it's Clearer...

Looking at what's about to happen..

Although the process is probably not complete, we may be forming a bottom in the stock markets...at least that's what this ten year bond chart seems to be suggesting...

Doesn't seem right does it, with Hindenberg Omens all around. Unless the market flash crashes now, to get it done fast...

Your guess is as good as mine here...

Market wandering aimlessly..

Just sold my short positions. I took a very tiny loss maybe 50 bucks...Until the market shows some conviction either way, I'm out...

More of Hopper's oscillator work.

Looks like quite a bit of negative divergence...