November 2008

Rippling Global Economic Crisis

USSIANS ARE CUTTING BACK on personal spending and trading rubles for dollars as the collapse of world oil prices cripples an economy that just months ago soared on the strength of record prices for its petroleum exports. Even vodka sales are down. Economists are especially worried by the mounting flight of capital and increased dollarization of the economy—something that last happened a decade ago when the government defaulted on its foreign debts. "Some of my friends have converted all their savings into dollars, leaving just 500 rubles to pay the phone bill in their account," said an administrative assistant at...

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Our Fading Heritage

KAY, I MISSED A COUPLE, but I did answer 31 of 33 questions correctly my first and only shot at the gold in this civics quiz sponsored by Our Fading Heritage. My score of 93% placed this 53-year old above the average American taking this test in November. Wrong responses: #14 and #30. Damn, I knew what the Pilgrims were all about, and I knew they weren't Catholics. And with number thirty, I must have internalized wrong advice from Senator John McCain during the presidential debates. Oops. What's really fascinating about this civic literacy quiz is the scorecard showing that...


Detroit And The Last American Value

UST IN CASE you haven't been paying close attention to the news of the day, Detroit City, long on the frail side, is failing and failing fast. The key questions are centered, or at least, should center on the reasons of why the American automobile industry, once the paragon of manly strength echoing the pervasiveness of ingenuity, hard work, and the American Way, is failing. Even if you are sympathetic to this latest charade of tycoon muskateers looking for a bailout for their own house of cards, and want to believe in your hearts of hearts that everything is on...


The New Secessionist Movement?

erald Celente of the Trends Research Institute reacts to the financial crisis on a Coast to Coast radio show. He speaks of tax revolts and even regionalization of America as an affect of Americans wanting no part of a federal government. Does this suggest a new secessionist movement? Here's a tip I ran across at the Confluence site: When I was a DV advocate I received several threats from angy husbands. They decided we could take the class that police officers take without any extra cost. I learned to shoot a shotgun, a rifle, self-defense and use a 357 pistol....


Making Every Nickel Count

HE ECONOMIC CRISIS HAS STAGGERED Wall Street and here is a man who says that the worst is still to come. He's been right too many times to dismiss. Try 2012 on for size. He also says President-elect Barack Obama doesn't have a prayer in fixing this mess. Gerald Celente of the Trends Research Institute is a highly respected prognosticator. Here's another Celente forecast from the December 2007 newsletter called Top Trends 2008: America’s going broke and the whole world knows it. Betting that its economy will spiral down and that the dollar will fall with it, foreign creditors are...