TRE: Sino Forest

Job Creation.....For Themselves

 

Transitorily in Transition

The Federal Reserve’s Board of Governors has a monetary base measure that consists of currency and bank reserves.  Adjusted for reserve requirements, the BoG base measure offers a view at the nations total amount of currency.  In 2006 the total amount in circulation was 800 Billion.  Today is it just above 2.6 Trillion.  With this much money in circulation we better hope to have a robust economy because unless money is changing hands rapidly, then we have a stagnant economy, with lots of currency sitting around, doing nothing.

Chinese High Speed Rail Crash 2011

From ZeroHedge

You read about it previously on Reuters, now here, as per your 1^st amendment protected right, is the full text of the statement issued by the Chinese Propaganda Department seeking to prevent broad dissemination and distribution of the news of the two high speed trains from Saturday. To wit: "The latest directives on reporting the Wenzhou high-speed train crash: 1. Release death toll only according to figures from authorities. 2. Do not report on a frequent basis. 3. More touching stories are to reported instead, i.e. blood donation, free taxi services, etc. 4. Do not investigate the causes of the accident; use information released from authorities as standard. 5. Do not reflect or comment." Obviously, that failed spectacularly, and as was reported earlier, has generated a broad wave of discontent among the population for this glaring attempt to put bureaucratic incompetence and corruption over human life. One thing is certain: at least America's own version of the DOT(ruth) is modestly more subtle... For now.

Taking On More Debt; US Hopes To Avoid Default & Credit Rating Decline

Never missing an opportunity to speak up, Mohamed el-Erian wrote an article for today’s Huffington Post.  Echoing other predictions that the US would reach a short-term, last minute stopgap compromise that “does little to life the damaging clouds hanging over the US economy”.

"Friday's stunning and very public quarrel between the president and the Speaker of the House of Representatives was the catalyst for a weekend of frantic negotiations on how to increase America's debt ceiling, maintain the country's sacred AAA rating, and avoid a near-term default. Meanwhile, administration officials and members of Congress took to the airwaves on Sunday trying, but largely failing, to strike the balance between statesmanship and another round of the Washington blame game.

A Free One Ounce Gold Coin

Mark Dice, from San Diego California, went out and asked people what they think or know one ounce of gold is trading for.  He even gave them a window of 25%, at one point extending the window to within 50%.  This was taped between 12/2009 to 4/2010 according to the price he states for Gold which was $1150.  If the people guessed between $862.5 and $1437.5 they could have walked down they street, sold the coin for $20 under spot and had most likely, the equivalent of two weeks worth of work (applying a $200 removal for taxes in California). 

Assuming this is a sample of the US population residing within the first distribution under the bell curve, these are the coupon cutting, gas price bitching, Costco member's that pass up money, its the deal of the century.