the vultures are circling

I was trying not to write until, or post until Thursday and I had some tight stuff too. But as yawl know I be on my loot and have spent most of this day transferring funds to locations overseas. First of all, give me my props, I have been talking about the future financial gloom for the past 2 years. I have also said that neither Obama nor McCain talked about such and when they did, they seemed to sound like first graders trying to outline the quantum mechanical principle formulated by Wolfgang Pauli in 1925 in his exclusion principal.

I mean, although yawl say Im boring, I have been trying to warn yawl for a while. But I recognized such was not as important as discussing lil wayne, Brittney Spears or Kanye West to many.

Briefly, in September of last year I spoke of the decline in the value of the dollar. Then in December I wrote about the 500 Billion folks appropriated on the Omnibus Appropriations Bill. In January I wrote about how the economy was gone be in shamble for whoever the next president was gone be. Later that same month I wrote about the fucked up fundamentals involved, or should I say thinking regarding passing a 150$ billion economic emergency rescue bill in an attempt to stimulate the economy. To me it was like giving a blood transfusion to a dead man. I even suggested like the Roman empire, whose economy really caused its demise, so would be rthe future of this country.

In March I started to drop game on the lame. I stated how important it was to have money outside of the US in places like say Seychelles. Especially given how our export trade deficit was approaching 60 billion annually. In April I had finally gotten the chance to read McCain’s, or what McCain called an economic plan and I wasn’t impressed. I also talked about another sign, of countries like Iran switching from the dollar to the Euro for pricing petroleum and oil. As well as the first on a few post on the Yuan and its impact on the dollar and china on our economy.

In May I took it a step farther suggesting the possibility of within two years, that the price of Crude Oil will be hovering around $200 a barrel. In June it was getting worse so I suggested in a post for folks don’t be surprised if the next war will be hear with folks running up peoples cribs stealing grits, gas and tuna fish. Followed behind how for me it was a recession and that only those in the future who were gone eat would be those who paid themselves and grew they own food.

In July I wrote about how our economy had not been this bad since the 20s and 30s, since now we have a domestic financial debt of more than 20 trillion dollars, with a national debt of 350% of our GDP. Especially since the government seems to think the constitution said we the corporation instead of we the people.Then I went on to talk more about my concerns with China and how the housing market aint been this bad in 70 years. And how it aint all on the government cause we common folk spend instead of save. Dont even add how we were being bought up by foreign countries and ten banks failing this year alone, one could see, from this minds purview, that the writing was on the wall.

This is why I am very rigid on both McCain and Obama. McCain, is likely the most false and stupid. Yesterday folk said the fundamentals of the economy is sound, to quickly follow with pointing fingers (which a leader does not do). I cant see anyone letting him get away with this, seeing he has 7 houses and his wife is one of the big whigs that makes loot off of such reckless behavior.


We cant keep bailing out the rich. It is not sound economics. And we dont have enough loot thanks to two wars and wasteful spending on Behalf of the past eight years, Of George Bush and deregulation started by Clinton - and throw in some international trade agreements.
What will be next? Well don’t sleep, Qatar and the Emirates and Saudi and yes, China is in the back ground like Vultures in the sky, ready to buy up all the waste of the Greenspan, Bernake, Bill Clinton and Regan and Bush crews fucked up. Like I said folk , this is only the beginning jones. Goldman Sachs Group quarterly profit plunged 70% over the last quarter alone. And before tomorrow, the Feds will likely give some bridge funding to keep Insurance Giant AIG solvent. And Don’t be surprised if WAMU and Wachovia be next this week. So look in the sky, no it aint falling, but the Vultures are circling. And don't forget, I told you so. Giess you can take a horse to water, but you can't make them drink. Unless they drinking an Interview with R Kelly on BET. vote

Holy Cow

Something I will continue to do until I can get me a stable and suitable supply of throat and kitty cat (any volunteers), will be to talk about the economy and some politics. Yawl know I try to be about money. Especially being the only person in my household in a position to provide food clothing shelter, oh and don’t forget the mortgage. But I have had to step my game up. I thought I was rather astute when I came to such but nowadays, you got to be on everything, or in a position to monitor every economic indicator, even new ones that pop up that never would have been considered as such.

My favorite indicator outside of my statements from my investments is the price of oil. Oil just hit the $130.00 a barrel mark today. Now I feel that the$150.00 mark will be just around the corner, maybe by the end of the summer or best the end of the year. If I were a commodities man, I’d lunge out there and say it is a good time to go long – maybe I should call my broker. I have read that folks are even purchasing oil futures almost a decade in advance.

What is really troubling, like I said were things that I use as indicators that I never have before like copper and wheat. Copper prices are climbing fast, so fast that even the Chinese government via the China's State Reserve Bureau (SRB) is trying to bring down prices to cover fast-approaching short positions. Especially since one usd = 8.1 yuan. But that is just the short of it. Over here, although historically copper, a vital and frequently overlooked metal, from an investment perspective, to me it’s just as good or like Gold. I mean of al the metals used it ranks third.

But due to its increasingly rising cost, folks been stealing copper like it was cable. Namely because copper and scrap metal prices have soared 32 percent this year alone and because it is selling at about $2.65 per pound. Then add to the aforementioned, wheat contracts for May hit a record of $13.50 on the Chicago Board of Trade. And just like oil and copper, they are driven by global demand, a weak dollar and a shortage of supply. Which means they drilling in the regular budgets of folk like u and me.

Don’t even mention that World food supplies are shrinking while the population worldwide is increasing. And don’t sleep, they all connected because higher food prices is are correlated directly with higher energy prices. And they way this sexless mind thinks, things can and will only get worse. And places like the Ukraine and the US are stock piling wheat now.

So the next time you buy that slice of pizza, I wouldn't be suprised if you screamed "holy cow", cow refering to copper, oil and wheat.

Side Bar: BigBoi of Outkast stopped by the store today - good look folk and enjoy the book.

also interview on npr is tonight, i think, i mean i know he with kabc in los ang.