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Angeles were up 7% last year, double the rate of increases of recent years. The occupancy rate is 97%. Two-bedrooms inHollywood are $1,900 a month and in West LA it’s $2,460. This situation will add to inflation for the next three years.Emerging-market stocks are falling for the biggest losses in two years, on speculation that rising interest rates will causebond yields to climb and reduce demand for assets in developing countries such as South Korea and Russia. If the Fedkeeps raising rates, money will start flowing back into US Treasuries. There is also the added factor of the yen carrytrade,which is going to deprive these markets of money for investment as the trade ends. Manufacturing activity in theNew York area continued to expand in May, but at its slowest pace in almost a year. The NY Fed’s Empire StateManufacturing Index fell to 12.4 in May from 15.8 in April. This is the lowest since 10.2 in June 2005. The New OrdersIndex increased to 16.4 from 14.1 in April. Shipments rose to 17.3 in May from 14 in April, while the Unfilled-OrdersIndex rose to 2.1 from minus 2.9 in the previous month. Inventories fell to 0.8 in May from 1.6 in April. The Prices-PaidIndex rose to 42.6 in May from 37.9 in April and the prices received held steady at 14.8 from 14.5. Expectations of priceincreases six months ahead jumped to 59.8 in May from 50 in April. That means higher inflation or less profits ahead. TheSEC said actions it is planning to reduce the costs of complying with the Sarbanes-Oxley corporate governance law willnot include an exemption for small public companies. This is another political sellout. Now companies will go private, notform businesses, or go out of business. This is an idiotic, expensive, dreadful law.The NY Fed says credit derivative dealer banks risk weakening the financial system by allowing hedge funds to borrow tooaggressively. They said underlying credit exposures totaling more than $17 trillion can throw up negative surprises. VisaUSA, the largest US credit card association said its cardholders sent $318.2 billion in the first quarter, 17.4% more than ayear earlier. The number of cards outstanding grew by 9.8% y-o-y. Credit card volume rose 10.1% and check card by17.6%. Commercial and small business card volume grew 27.4%. Moody’s is rolling out a new system later this year,which will raise credit ratings on most of the $1.2 trillion loans it monitors, potentially saving borrowers as much as $4.6billion a year in interest. The perverse thinking is that loans deserve higher ratings because lenders usually get paid morethan twice as much as bondholders when companies default on their debt or go bankrupt. If that is the case, why didn’twe make the change 100 years ago? This move is simply to shore up corporate balance sheets for spurious reasonsbecause of looming hyperinflation and recession. They must think we are dumb. The MBA says weekly mortgageapplications rose 4.6% last week from the previous week. Year-on-year they are down 14.7%. Apps for purchases rose2.4%, while refinancings increased 8.4%. Refinancings accounted for 35% of all loans, up from 33.8% the previous week.ARMS accounted for 29.9% of loans, up from 28.5%.The failure of FTAA, thanks to Venezuelan President Hugo Chavez Frias, forced George and the neocons to end run FTAAand secure separate individual trade pacts. These bilateral pacts have forced Canada, China and Europe to seek their ownseparate deal at the expense of the WTO. The result is a number of conflicting agreements that will do more harm thangood. This is shooting WTO, NAFTA and CAFTA full of holes and we are happy about that. The US tact of competitiveliberalization is dead and that signals the beginning of the end of free trade and globalization, as we have known it. Thefailure of the Doha Round was the first step in the direction of failure. Another signal of failure was the appointment of atechnocrat, Susan Schwab as US Trade Representative. She’s a lightweight, which is another signal there will be a changein direction. These bilateral trade agreements won’t stand up to any negative financial or economic pressure that a largeragreement like FTAA could insure. The Neocons have implemented trade agreements with eight countries so far and it’sseeking nine more. The answer for us is an end to WTO, NAFTA and CAFTA.There is no question in our minds that the dollar’s days as a reserve currency are coming to an end, and there really isn’ta viable replacement as World reserve currency. The Euro cannot do it. One interest rate fits all doesn’t work, and the EUstill doesn’t have a Constitution and we don’t believe they’ll ever get one. They did things backward. It should have beenthe Constitution first and then the Euro, but greed and the quest for World government got in the way. That leaves thelone contender as the World’s new currency to gold and oil. Gold has been stockpiled by the World Bank. Gold owes noone anything. It has been a store of value for centuries, a safe haven in a political, economic or financial storm. It can beused as an anchor for other currencies. The gold solution is simple – a no brainer. The opposition is the elitists, centralbankers and politicians. They want the ability to create fiat currency. The excuse is in today’s global economy a goldstandard is too restrictive. They want leverage and gold doesn’t allow that. We have already witnessed what shambles fiatcurrencies have led to in our monetary systems. Central banks cannot be trusted to apply the precepts of sound moneyeffectively. They have already demonstrated that. We need transparency and direct financial responsibility for failure. Wedo not want to hear sorry about that and the culprits walk off into the sunset. A gold standard system has to be policed byprivate interests, not government hacks. Government bailouts have to end, and the US government either has to settlenow with creditors or go bankrupt before venturing a gold standard. Fixed exchange rates will be official and operated byprivate interest. They would also declare devaluations. This way everyone knows where they are at all the time. It’s easy,painful and fully achievable and it will happen, but only under the worst of circumstances.We want to comment again because it’s so important, on Rep. James Sensenbrenner’s (R-WI) Internet Stopping AdultsFacilitating the Exploitation of Today’s Youth Act – or Internet Safety Act. If it becomes law it will be only a matter of timebefore the International Forecaster will no longer be able to publish. The proposal is that ISP’s be required to recordinformation about Americans online activities so that the police can spy on anyone on the net more easily to conductcriminal investigations. Sensenbrenner has deliberately written legislation that is deliberately vague; so that any agencyof the government and law enforcement can do anything they please to invade your privacy. The very minimum is acollection of user names, physical addresses, Internet Protocol addresses and subscribers’ telephone numbers have to beretained. That would allow our Attorney General to order Internet providers to retain records of e-mail correspondents,The Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 514