WHY DO THEY HATE OUR DOLLAR?

The World Tires of Dollar Hegemony By Paul Craig Roberts What explains the paradox of the dollar's sharp rise in value against other currencies (except the Japanese yen) despite disproportionate US exposure to the worst financial crisis since the Great Depression? http://www.informationclearinghouse.info/article21122.htm

THE SWINDLE IS OBVIOUS TO ALL

Paulson's Swindle Revealed By William Greider The swindle of American taxpayers is proceeding more or less in broad daylight, as the unwitting voters are preoccupied with the national election. Treasury Secretary Hank Paulson agreed to invest $125 billion in the nine largest banks, including $10 billion for Goldman Sachs, his old firm. But, if you look more closely at Paulson's transaction, the taxpayers were taken for a ride--a very expensive ride. http://www.informationclearinghouse.info/article21125.htm

5:00AM PDST BOOOOOOOOOOOOOOOO

TODAY'S REPORTS: Personal income Consumer spending Core inflation Employment cost index Chicago PMI Consumer sentiment Note: The "ass pumpkin" was sent to me by my neighbor, a long distance trucker, who gets lots of crazy stuff from his buddies. Quite creative. But who would take the time to actually DO this, and what fat ass would let someone paint it? (Sat 11/1) More likely TRICK than TREAT today as gold has been falling overnight. But like all the horror stories, gold may climb out of its grave soon and come back to life, much to the horror of all the paper holders. Dollar has moved back up, Euro is falling, etc, etc. Same crap as every morning, but this morning and yesterday have felt like long ago when gold barely moved at all. I feeling like somebody ought to check for a pulse in gold to see if it's worth hoping for a successful resuscitation. But all you have to do is read Bob Chapman's articles and you will understand the plan Stan. Time to go put razor blades in some apples...hahaha!

BOB CHAPMANS'S LATEST ARTICLE...READ IT OR PERISH

DID YOU GOOGLE "PROJECT TURQUOISE?" WHY NOT? I CAN'T DO EVERYTHING FOR YOU. Slaves To The Orgy Of Money Investors on the outside slammed while insiders getting rich, Market conditions indicate you need to protect yourself with gold and silver, Paulson monetary voodoo reanimates zombie fraudster banks, Market crashes set the stage for bank acquisitions, predicting a financial super entity, http://www.theinternationalforecaster.com/International_Forecaster_Weekly/Slaves_To_The_Orgy_Of_Money YOU ALL DAMN WELL BETTER BE READING ELAINE MEINEL SUPKIS AT CULTUREOFLIFENEWS.COM TOO DO YOU PEOPLE GET THAT YOU ARE ALL ABOUT TO BE SLAUGHTERED LIKE PIGS? GET SOME BALLS AND FIGHT BACK. OBAMA ISN'T GOING TO DO A DAMN THING BUT MAKE THINGS WORSE. AND McCAIN IS EVEN WORSE THAN BUSH, IF YOU CAN EVEN CONTEMPLATE SOMETHING WORSE THAN BUSH...LIKE MAYBE SATAN.

ALSO FROM CASEY RESEARCH

http://www.plata.com.mx/mplata/articulos/articlesFilt.asp?fiidarticulo=87 Banco Azteca: New policy on purchase and sale of silver ‘Libertad’ coins Hugo Salinas Price Banco Azteca, with over 800 branches in Mexico, informs us that it will apply a new policy to the purchase and sale of silver “Libertad” ounces at all its branches. In response to the restriction on supply of silver “Libertad” coins applied last week by the Bank of Mexico, Banco Azteca will proceed as follows: Banco Azteca will seek to attract the re-sale of silver ounces in order to satisfy, as much as possible, the strong demand forecast for the year-end. Therefore, Banco Azteca will raise the re-purchase price of silver from the public to where the re-purchased quantities equal the quantities sold to the public, always maintaining the necessary margin to cover costs. If the price of re-purchased silver is too high, the supply from the selling public will surpass the demand of the silver-purchasing public. If the price of the re-purchased silver is too low, the supply from the selling public will not be sufficient to cover the demand from the purchasing public. Banco Azteca will seek to discover the intermediate point, which will balance the supply from the selling public with the demand from the purchasing public. Banco Azteca had been looking forward to selling 250,000 silver ounces during the Holiday season. With the cutback in supply, current policy would cause Banco Azteca's inventory to fall to zero in the course of next week. Sales will be much reduced, from here on, but at least the program adopted will have the virtue of demonstrating what the actual market price of silver ounces is in Mexico , independent of any relation to Comex silver prices. Banco Azteca was informed by a source at Banco de Mexico, that the restriction of supply was due to a “very large foreign order for silver ounces”. *** The Mexican Civic Association Pro Silver does not accept this excuse, even if it were true, because in any case providing the Mexican people with silver ounces would have to be its Number One priority, and not supplying a foreign buyer while depriving Mexicans of silver ounces. Furthermore, this Association was told years ago by an officer of Banco de Mexico that the Mexican Mint was capable of minting up to 10 million ounces of silver coins a year. We believe the restriction of supply in silver ounces is meant to deprive the Mexican population of the possibility of seeking refuge in silver as a protection against financial and economic carnage, and to force Mexicans into depositing their savings in the Banking System, with its risks.

FROM CASEY RESEARCH'S DAILY EMAIL

SUBSCRIBE TO, AND READ, THIS EMAIL EVERY DAY: http://caseyresearch.com/displayDrp.php?e=true And then there's this... From Ed Steer: On Wednesday, gold vacillated between $740 and $750 all through the Far East and early European trading. Gold struggled to tack on about $20 within two hours of the Comex open in New York, but then it was lights out for the rest of the regular trading session. Silver's peak occurred an hour or so later. The boyz weren't going to allow a runaway gold price after the Fed's interest rate decision. To give you an idea of how hard they've been sitting on the gold market, consider this...in the last 36 hours (as of midnight last night)...the US dollar was down almost four full cents, the US Fed Funds rate was cut by a third...and gold was only up $30-40. Check your own charts if you doubt me. The gold price should have been up several multiples of that. Trading was heavier in silver than in gold...and in actual fact, if you remove the effect of switches...gold trading was extremely quiet. However, the precious metals stocks have been on fire for the last couple of days...and I'd like to think that the smart money and the insiders know that gold and silver prices are going much higher. The Commitment of Traders report for both precious metals (and every other commodity for that matter) hasn't been this bullish in at least five years...and the one due out tomorrow will be even more so. If there ever was a time for a moon shot...this is it...as the set up is perfect for it. But like I said, we still have to get past JPMorgan, HSBC USA...and a US election.

JOBLESS REPORT

Weekly jobless claims hold steady in latest week Economists have no doubt claims are heading higher By Greg Robb, MarketWatch Last update: 8:31 a.m. EDT Oct. 30, 2008 WASHINGTON (MarketWatch) -- Jobless claims held steady in the latest week after a large jump in the previous period, the government reported Thursday. New applications for state unemployment benefits remained unchanged at 479,000 in the week ended Oct. 25. About 7,500 new claims stemmed from Hurricane Ike, but the effect on the data is starting to diminish, a Labor Department official said. Economists had expected claims to fall to 473,000 after the large jump in the previous period. Claims rose a revised 16,000 in the week ended October 18, up slightly from the initial estimate of a 15,000 gain. But overall, economists have no doubt that claim are heading higher as the economy weakens and the credit crunch lingers. Claims hit a peak of 499,000 in late September. Claims are already much higher than one year ago levels. In the week ended October 27, 2007, there were 332,000 initial jobless claims reported. The four-week average of seasonally adjusted initial jobless claims fell 5,000 to 475,500. The four-week average is considered a better indicator of trends because it is not impacted by holidays or weather. This is the second straight weekly decline after the average hit a seven-year high of 484,750. Meanwhile, the number of people collecting regular state unemployment benefits fell by 12,000 to a seasonally adjusted 3.72 million in the week ended Oct. 18, while the four-week average of continuing claims rose by 28,000 to 3.71 million, the highest in more than five years. Typically, unemployment benefits run out after 26 weeks for those who are eligible. The new law extends unemployment benefits for an additional 13 weeks under the separate federal program. Initial claims represent job destruction, while the level of continuing claims indicates how hard or easy it is for displaced workers to find new jobs. The U.S. economy has lost jobs for nine consecutive months, and more losses are expected in October. So far in 2008, nonfarm payrolls have fallen by 760,000 to stand at 137.3 million. Benefits are generally available for those who lose their full-time job through no fault of their own. Those who exhaust their benefits are still counted as unemployed if they are actively looking for work. In a separate report, the government reported that growth contracted slightly in the third quarter, falling 0.3%. End of Story

GDP REPORT

ECONOMIC REPORT GDP falls 0.3% in third quarter on dive in spending Domestic sales fall 1.8% as impact of rebates wanes By MarketWatch Last update: 8:32 a.m. EDT Oct. 30, 2008 Comments: 1 WASHINGTON (MarketWatch) - The U.S. economy contracted at a 0.3% annualized rate in the third quarter, as consumer spending declined at the fastest rate in 28 years, the Commerce Department estimated Thursday. The 0.3% decline in real gross domestic product was the largest since the end of the last recession in late 2001. The economy grew at a 2.8% pace in the second quarter. The drop was close to economists' expectations that the economy would shrink at a 0.5% annual rate. Final sales to domestic purchasers fell 1.8%, the largest decline in 17 years. Consumer spending dropped 3.1%, the first decline in 17 years and the biggest drop in 28 years, while business investment fell 1%. Investments in homes fell for the 11th straight quarter. After getting a big boost from the tax rebates in the second quarter, inflation-adjusted after-tax incomes fell 8.7%, the largest quarterly decline since the record-keeping began in 1947. Incomes fell much more in the Great Depression, when annual records were kept. The growth figures would have been much worse without sizable positive contributions from government spending, net exports and inventories. GDP has risen 0.8% in the past year. Economists expect the economy to contract in the final three months of this year and the first three months of next year, with unemployment rising to near 8%. It would be the longest contraction since World War II. On Wednesday, the Federal Reserve cut its interest rate target to 1%, matching a 50-year low. Fed policymakers said the economy had weakened markedly, and warned that the continuing credit crunch could keep consumer spending and business investment weak for some time. The Fed said inflation should recede as growth slows. In the third quarter, however, consumer prices rose at a 5.4% annual rate, the biggest increase since 1990. Core inflation, which excludes food and energy prices, rose at a 2.9% annual rate, the most in two years. Core inflation has risen 2.5% in the past year, the largest year-over-year gain in two years. The Fed would like to keep core inflation below 2%. Details In nominal dollars (not adjusted for inflation), GDP increased at a 3.8% rate to $14.43 trillion. The increase was due entirely to higher prices. Personal after-tax incomes taxes fell 3.7% after the tax rebates from the federal government led to a hefty 16.7% gain in the second quarter. Final sales - to domestic and foreign buyers - fell 0.8%, the biggest drop in 17 years. Real consumer spending (adjusted for inflation) fell 3.1%. Spending on durable goods fell 14.1%, the largest decline in 21 years. Spending on nondurable goods fell 6.4%, the largest decline in 58 years. Spending on services rose 0.6%. Consumer spending subtracted 2.3 percentage points from growth. Business investment fell 1%. Investments in equipment and software dropped 5.5%, the largest decline in six years. Investments in structures rose 7.9%. Business investment subtracted 0.1 percentage points from growth. Investments in housing dropped 19.1%, the 11th consecutive quarterly decline. Housing subtracted 0.7 percentage points from growth. The change in inventories added 0.6 percentage points to growth. Imports fell 1.9%, while exports rose 5.9%. Net exports added 1.1 percentage points to growth. Government spending increased 5.8%, adding 1.2 percentage points to growth. Federal spending jumped 13.8%, including an 18.1% rise in defense spending, the biggest growth in five years. Spending by state and local governments rose 1.4%.

5:00AM PDST GOOD MORNING GOLD BUGS!

TODAY'S REPORTS: Jobless claims GDP At the moment gold is falling with the Euro which is backing off a bit during its recent big rally off its low of 1.2326, currently 1.3061 The Dollar is up from its low of .8375, currently .84675 Today's GDP number may move stocks, but I don't know about gold. Gold is completely manipulated, so it's not really going to move in either direction for long without being hit by the other side. We just have to suffer through this battle as the forces of NORMAL economics takes over from the manipulators who can't really move anything in any direction for very long, and only create opportunities for those who understand FUNDAMENTALS. Right now gold is getting beat down on light volume 15 minutes before the day open and I have to lift my short leg at the bottom.

THE ROTHSCHILDS AREN'T DEAD, JUST LOW KEY

The Rothschilds and their 200 years of political influence By Andy McSmith Thursday, 23 October 2008 http://www.independent.co.uk/news/uk/politics/the-rothschilds-and-their-200-years-of-political-influence-969772.html

GEE, WHY DO THEY HATE US?

Hatred of America unites the world By Niall Ferguson, Sunday Telegraph Last Updated: 12:01am GMT 25/02/2007 http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2007/02/25/do2501.xml MAYBE IT'S BECAUSE WE ARE A BUNCH OF STOOPID ASSHOLES WHO LET TREASONOUS WAR CRIMINALS CONDUCT OUR FOREIGN POLICIES OF WORLD DOMINATION.

KARL DENNINGER THE MARKET TICKER A MUST READ

http://market-ticker.org/ I will believe we will see a sustainable recovery in the stock market when I see Ben Bernanke hung by his toenails outside the Federal Reserve, Henry Paulson in the stocks being pelted with rotten tomatoes served by angry citizens, and the bankers and other institutions who have lied about their solvency either out of business or behind bars - all of them. Absent that I believe we are at best headed for a Japan-style scenario, and at worst, a Greater Depression. Oh, and if the government wanted to "stimulate lending", it could have set up a Federal Bank of The United States with that $700 billion (or a bunch of banks to provide competition) and created $7 trillion in new credit, while allowing all the existing banks who made bad bets to twist on their own rope until dead. They didn't, which tells you immediately that actually improving lending conditions into the real economy was not their intention - the EESA was in fact designed by Paulson and Bernanke to rip you off and by doing so has and will materially prolong the economic misery we are in today.

BUSH TRIES TO PARDON HIMSELF FOR WAR CRIMES

Bush Trying to Avoid War Crimes Charges 2 Minute Video President Bush is trying to pardon himself. http://www.informationclearinghouse.info/article21113.htm

OUR TREASONOUS, CRIMINAL CONGRESS IS DOING OKAY

http://www.informationclearinghouse.info/article21114.htm Tough times: Congress Grew 13 Percent Richer In 2007 By Rob Hotakainen October 27, 2008 "McClatchy Newspapers" -- - WASHINGTON — Times are tough, but don't worry about most members of Congress making ends meet. Their collective wealth grew by 13 percent last year, leaving them in better shape than most Americans to make it through an economic downturn, according to a new analysis of personal financial reports. Overall, nearly two of every three senators are millionaires. That includes presidential candidates Sen. John McCain, R-Ariz., and Sen. Barack Obama, D-Ill. In the House, 39 percent of all members belong to the exclusive club. Only 1 percent of all Americans are considered millionaires.

THESE PEOPLE HAVE NEVER BEEN WRONG YET!

DO NOT READ THIS ARTICLE AT YOUR OWN FINANCIAL PERIL! http://www.leap2020.eu/GEAB-N-28-is-available!-Global-systemic-crisis-Alert-Summer-2009-The-US-government-defaults-on-its-debt_a2250.html "In this 28th edition of the GEAB, LEAP/E2020 has decided to launch a new global systemic crisis alert. Indeed our researchers anticipate that, before next summer 2009, the US government will default and be prevented to pay back its creditors (holders of US Treasury Bonds, of Fanny May and Freddy Mac shares, etc.). Of course such a bankruptcy will provoke some very negative outcome for all USD-denominated asset holders. According to our team, the period that will then begin should be conducive to the setting up of a « new Dollar » (GT sez: THINK AMERO!) to remedy the problem of default and of induced massive capital drain from the US. The process will result from the following five factors studied in detail further in this GEAB: • The recent upward trend of the US Dollar is a direct and temporary consequence of the collapse of stock markets • Thanks to its recent « political baptism », the Euro becomes a credible « safe haven » value and therefore provides a « crisis » alternative to the US dollar • The US public debt is now swelling uncontrollably • The ongoing collapse of US real economy prevents from finding an alternative solution to the country's defaulting • « Strong inflation or hyper-inflation in the US in 2009? », that is the only question."

ANDREW CUOMO GOES AFTER THESE CRIMINAL BIG WIGS

New York Demands Bonus Pay Data From JPMorgan, Citi (Update2) By Karen Freifeld Oct. 29 "In this new era of corporate responsibility we are entering, boards of directors must step up to the plate and prevent wasteful expenditures of corporate funds on outsized executive bonuses and other unjustified compensation,'' Cuomo wrote." http://www.bloomberg.com/apps/news?pid=20601087&sid=afJ12wUsIQ3A&refer=home

TAIWAN'S FINANCIAL REGULATORS REJECT FANNIE/FREDDIE DEBT OFFICIALLY

"Taiwan's financial regulators reportedly have ordered that nation's insurance companies to pare their holdings of the debt and mortgage-backed securities of Fannie Mae (ticker: FNM), Freddie Mac (FRE) and Ginnie Mae securities, according to a report on the Internet site of Asian Investor magazine." http://online.barrons.com/article_email/SB122482470725666021-lMyQjAxMDI4MjI0NDgyMjQ0Wj.html

BOB CHAPMAN'S LATEST ARTICLE... A MUST READ

Current Volatility Hints At Next Crash Stresses on the market all planned, Dumbing down of information has led to lack of understanding about the markets, Get ready to throw out all those incumbents,Recent increases in volatility all manipulated behind the scenes, billions in losses to appear soon on year end financial statements, Currency scene about to change drastically http://theinternationalforecaster.com/International_Forecaster_Weekly/Current_Volatility_Hints_At_Next_Crash

PAKISTAN ABOUT TO FINANCIALLY IMPLODE

http://www.ft.com/cms/s/0/1d44428c-a4e2-11dd-b4f5-000077b07658.html?nclick_check=1 IMF ‘has six days to save Pakistan’ By Farhan Bokhari in Islamabad and Chris Bryant in Berlin Published: October 28 2008 11:52 | Last updated: October 28 2008 11:52 The International Monetary Fund has less than a week to prevent a full-blown financial crisis in Pakistan, Germany’s foreign minister warned on Tuesday, as Islamabad said it was nearing agreement with the fund over a bail-out package... ...Pakistan needs $4bn-$5bn for the financial year to June 2009 to meet debt payments and other liabilities, according to finance ministry officials in Islamabad. An official at the central bank said the country’s foreign currency reserves stood at $4bn and were likely to run out by the end of November. “We have a very narrow space to put the country back on the rails,” he said.