6139008-History-of-Money

positive side is Congress has a rating 5-points lower. The Democrats offer no alternatives. Then the only alternative left is,with minor exception, vote them all out of office. Both parties want to continue the war, but the Democrats say they knowhow to fight the war better – how stupid is that. We told you of China’s $15.5 billion surplus, but didn’t include otherimportant numbers. March also saw a trade deficit for the US with Japan - $7.5 billion, up from $7.1 billion in February.The deficit with OPEC was -$8 billion, up from -$7.3 billion and with the EU -$10.1 versus -$8.3. Those are poor resultswith our largest trading partners. [but OPEC is saving us by recycling their Petro-Dollars into the Federal Reserve Systemby buying US Treasury Bills] It looks like Laura Bush is back on the weed. She says she does not believe opinion pollsshowing her husband’s approval ratings at a new low of 29. Is it drugs, denial or insanity? It doesn’t much matter. Shehas to be real dumb to get quoted in such a way. Net flows of capital into the US assets fell to $69.8 billion in March,which was sufficient to cover the trade deficit of $62 billion. International investors slowed purchases of US securities, asforeign central banks were net sellers of treasury notes for the first time in six months. In February, net purchases were$90.5 billion. There is no question there is a trend in the making. Experts expected the inflow to be $79.9billion.Purchases of Treasury securities rose a net $3.07 billion, down from $21.9 billion in February. Foreign central bankscut their holdings by $6.3 billion, as demand for Agency debt increased by a net $19 billion.The UK, China and OPEC allincreased their holdings again led by the US and Caribbean banking centers, which is a mixture of hedge funds andTreasury monetization purchases. They boosted holdings by $7.3 billion. Corporate bond holdings rose $48.1 billion. Japancontinues to be a small seller, selling $18.2 billion and it holds a total of $640.1 billion. China bought a net $1.6 billion inUS debt in March and holds $321.4 billion. UK holdings, which include investments from Middle East oil economies,recycled through British banks, rose in March by $16.8 billion to a total $171.5 billion. For almost a year the bulk of thebuying has come out of the Middle East.Although it is no laughing matter, we still had to laugh when VP Cheney said while in Russia that Mr. Putin’s governmentin many areas of civil society from religion and the news media to advocacy groups and political parties, that thegovernment has unfairly and improperly restricted the rights of people, and he warned the Kremlin against using oil as atool to achieve political ends. No legitimate interest is served when oil and gas become tools of intimidation or blackmail,either by supply manipulation or attempt to monopolize transportation. Mr. Putin ignored Mr. Cheney’s comments in thename of diplomacy. What he should have told Mr. Cheney was that the Patriot Acts are unconstitutional as is wiretappingand torturing and murdering people. We are not pro-Russian. We are pro-fairness and Russia is no less democratic thanAmerica. The difference is approach. Cheney than went on to Kazakhstan where he attempted a thinly veiled snow job. Hewants the Kazak oil. [he was actually bribing the Kazak politicians]. He attacked Russian oil monopolization when onlyseven companies control our oil supply. Is there any difference? What about all the other countries that have nationalizedoil – we don’t see Cheney attacking them. The Kazak’s await an offer from Cheney for a pipeline the US would run toEurope bypassing Russia through pipelines under the Caspian Sea. Kazak President Nazarbayev wants the offer so he canget more money for his oil from Russia. After all too many years in Eastern Europe and West Asia the US demanded whatit wanted. That game is over like it or not and in spite of large war making skills. A lawsuit is in a federal court to orderPresident Bush, the NSA and Verizon to end a secret snooping program. The suite contends such spying violates theConstitutional right to privacy and federal law. That is $1,000 violation and a $50 billion bill for Verizon.Democrats are asking House Speaker Dennis Hastert about the mysterious disappearance earlier this month of legislationthat would stop the sale of private telephone records over the Internet. The bill, which had cleared the Energy &Commerce Committee with unanimous support had been slated for an airing before the full House on 6/12. Republicansremoved it from the House floor schedule and told no one. This is what passes for Democracy today. It is thoughtintelligence agencies had it killed. This is probably true because an exemption had been sought for intelligence gatheringactivities. What the spies want is our telephone records because they are building a profile on everyone in America. USindustrial production rose 0.8% in April led by business equipment. Capacity utilization rose to 81.9%, the highest since2002, from 81.4% in March. Further to foreign net capital flows, net foreign purchases of US Treasuries fell a large86% to only $3.1 billion, a new 3-year low. Foreign central banks, doing something they had not done in three years,sold, net, $6.3 billion in securities. This is an ongoing reduction in foreign participation and in their exposure to US debtsecurities. They only bought 30% of last week’s 10-year Treasury note auction. It was their lowest participation in 15months. In this month’s 3-year note auction they only took 24%, that’s down from 45% participation in 2004. The 2-yearbest month had only a 24% participation, the worst since 11/04, and the 5-year had only a 21% foreign participationrate, the worst for that security since 10/03. It is now very obvious that foreign central banks are not going to accumulatefurther US assets and that means monetization and inflation. The National Association of Home Builders Index fell sixpoints to 45 in May, an 11-year low. New housing construction fell for the third month in a row with starts falling 7.4%.The PPI, Producer Price Index, rose 0.9% in March. The pundits found this acceptable, but understandably no one saidthat’s more than 10% a year. Each day we become more appalled at the stupidity of most all people throughout theWorld. In America, the dumbed-down capital of the World the people sit idly by as enemies within their Republic destroyall that has been accomplished since this country’s inception. The question really is who is more corrupt, Congress or ourPresident and his henchmen? One of the hottest real estate markets in the country, San Diego, saw a 60% jump inforeclosures in the first quarter, which was the largest since 1992. We believe in the coming year home equity will meltlike sugar cubes dropped into a hot coffee cup. There are 241 foreclosures in San Diego County in the first quarter.Nationally, 323,102 properties entered some stage of foreclosure, a 38% increase from the fourth quarter and a 72% y-oyincrease. Riverside County, California had a 64% increase in default notices over the past year. The statewide increasewas 29%.The $500 billion deficit in just major company retirement plans is about to affect corporate bond investors. Thousands ofcompanies are delinquent in contributing to pensions and they will have to disclose more information about retirementThe Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 511