Tao Economics

If people are walking away and handing in the keys to their homes, while housing is nationalized, and the majority of our debt is held over seas, at the same time people are attacking IRS buildings and states are going broke and will need to be bailed out, and entitlements need to be funded, how can anyone argue against hyperinflation? And this is all happening while banksters are getting billions.

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There are a couple of quotes I want you to read today. The fist from a interview done at silverseek with David Morgan who writes the "Morgan Report".

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Silverseek has a good article on the long term outlook of silver. Silver is still in a bull market of course, though it has taken a bit of a breather. The article points to a possible short term correction to as low as $12 an ounce before taking off much higher.

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China has confirmed the intention to purchase 191.3 tons of gold from the International Monetary Fund at an open auction, Finmarket news agency said.

World central banks started to increase their gold reserves after prices on gold began to climb in 2001. The IMF sells gold within the scope of a program to diversify sources of income and achieve an increase in lending.

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Gold looks to be diverging from the rest of the market it finally. To soon to tell if this is the new trend, but it looks very promising. Stocks are down hard today, while gold is up. But what I find interesting is the gold mining stocks are up as well! Usually these shares get sold with the rest of the stock market.

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I want you to step out of what seems normal to you right now and start to feel secure because what I've got to offer you is one of the very few proven money making opportunities where anyone and everyone, with little or no money, can make a remarkable monthly income from the comfort of home, with very little work and despite today's economic climate.

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The inevitable bankruptcy of the Social Security program and the over-indebtedness of the US government including government trust funds are discussed.

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As our readers know, we can't resist a good pun and oh well, there is nothing you can say that can't be sung. The flight of all the democratic and republican stalwarts makes us uncomfortable to say the least. As some profess, it is the rats leaving a sinking ship. We are not in that camp yet and try to analyze what else may be taking place. We are beginning to think that the centrists are going to try to form a third party so as to challenge the hold of lobbyists and big money on the traditional parties.

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A few brief comments on this week's release of the Commitment of Traders data are in order due the price action of the last few days. Please keep in mind that this data only covers price action through Tuesday of the current week.

I have circled the areas on the chart that I wish to call attention to in white. The specific date that I am interested in is 8/25/2009 within those circles.

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Charlie and Maria Cardoso are among the millions of Americans who have experienced the misery and embarrassment that come with home foreclosure.

Just one problem: The Massachusetts couple paid for their future retirement home in Spring Hill with cash in 2005, five years before agents for Bank of America seized the house, removed belongings and changed the locks on the doors, according to a lawsuit the couple have filed in federal court.

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The Community Dollar is AOCS Approved, making it compatible with the Liberty Dollar, Dixie Dollar and other AOCS Approved silver and gold currencies.

Now more than ever is the time for your community to start using real "money" instead of the inflation-prone US fiat Federal Reserve Notes. This helps your community develop a strong local economy.

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The concept of Leaderless Resistance was proposed by Col. Ulius Louis Amoss, who was the founder of International Service of Information Incorporated, located in Baltimore, Maryland. Col. Amoss died more than fifteen years ago, but during his life was a tireless opponent of communism, as well as a skilled Intelligence Officer. Col. Amoss first wrote of Leaderless Resistance on April 17, 1962. His theories of organization were primarily directed against the threat of eventual Communist take-over in the United States.

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The Big One is coming soon, bigger than the 2000 dot-com crash and the 2008 subprime credit meltdown combined. A huge market blowout. And as Bloomberg-BusinessWeek predicts: "The results won't be pretty for investors or elected officials."

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Last today, some of the finest irony in recent memory: The Mortgage Bankers Association is officially WAY underwater on its Washington headquarters.

"We have come to the inescapable conclusion that owning our own building was the smartest long-term investment for the association," MBA President Jon Kempner said in a 2007 press release right after the MBA bought its 10-story, glass-plated building in downtown D.C.

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It appears that this time China's posturing is for real. Following up on our earlier post that Chinese military officials want to "punish" America by selling Treasuries, Asia Times Online is reporting that an explicit directive by the Chinese government has notified reserve managers to sell all risky US assets, including asset backed and corporates, and just hold on to explicitly guaranteed Treasuries and Agency debt. And from following TIC data we know that China's enthusiasm for MBS/Agencies over the past year has been matched solely by that of one Bill Gross.

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My Dear Extended Family,

I doubt there has ever been a time in financial history when there has been challenges of this magnitude.

This is not business as usual in any form.

When have financial meetings been so top secret?
When has the military cordon off financial meetings?
When have F-18s, F-22s and French Rafales provided air support (as the Swiss did for the Davos seminar) for two central bank meetings in the last few weeks as the USA and Australia did?

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An Austrian tycoon is giving away every penny of his £3 million ($5.3 million) fortune, having realised that his riches made him unhappy.

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The Wall Street Journal is a bunch of morons!!! HAHAHAH!

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The U.S. government has a nasty surprise for tens of millions of retirees: a now-empty piggy bank. Two of them, actually: Social Security and Medicare.

Congress will soon have a nasty surprise for voters: a larger deficit than announced to fill these now-empty piggy banks.

The Federal Reserve System will also have a nasty surprise for investors: newly created digital money to fill up the empty piggy banks when the Treasury cannot sell any more debt at low interest rates.

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In what has to be one of the more public Olympic embarrassments - second perhaps only to Canada's not winning a single gold medal in either of the two previous Games it hosted - creditors holding $1.4 billion (U.S.) in debt on holdings of Olympic skiing venue Whistler Blackcomb's owner Intrawest ULC have begun foreclosure proceedings.

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