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Health Care & Environment
02.16 Toxic black snow covers Siberian coalmining region [0:49 video; If its killing us, stop doing it]
02.16 Renewable energy will be world's main power source by 2040, says BP [But in America's capitalistic bubble, bribed-to-be-biased media and government defy reality]
02.16 What the pesticides in our urine tell us about organic food [What does inaction tell us about capitalism and our government?]
02.14 Exposure to Glyphosate-Based Herbicides and Risk for Non-Hodgkin Lymphoma: A Meta-Analysis and Supporting Evidence [If its killing us, make it illegal]
02.14 To avoid environmental catastrophe, everything must change [Consider why this headline is laughable or confusing to many, if not most, Americans...]02.13 Study Shows Toxic Pesticide Levels in Families Dropped by 60% After One-Week Organic Diet [2:10 video; Produce and canned vegetables laced with toxic chemicals—from fertilizers and herbicides, too—must be quickly phased out to use safe organic alternatives]
News Media Matters
02.16 We Shouldn't Stick Our Heads In The Sand, But We Do It Anyway [26:46 audio; Fear like Trump & Fox News incite makes us avoid unpleasant information we need to know]
02.15 Samantha Bee: Fox News 'soiling themselves over the Green New Deal' [video clips from Samantha Bee, Seth Meyers and Stephen Colbert]
US Politics, Policy & 'Culture'
02.20 ‘Sustained and ongoing’ disinformation assault targets Dem presidential candidates [If you can sense them, block them!]
02.18 Dictator Trump
02.20 Despite the slaughter in Yemen, Britain is still chasing arms sales [and the Great-Again-America is too...Capitalism without morality is horrible]
Economics & Corrupting-Capitalism
02.13 The Green New Deal offers radical environmental and economic change [For the survival of life on earth, capitalism must be effectively regulated or banned]
02.12 Climate and economic risks 'threaten 2008-style systemic collapse' [Willfull ignorance of Trump, Republicans, corporate-media and corporate-Democrats is steadfast, if not worsening]
02.11 Trump offers socialism for the rich, capitalism for everyone else [and the poor will die out like the insects]
International & Futurism
02.20 House report lays bare White House feud over Saudi nuclear push [Its hard to keep up with all the criminal crap going on...]
02.18 Hate-Fest in Warsaw
Thinking About Oracles
I have said that elections in 2010 should be something to watch closely. Now I am not so certain about that because I don’t “oracle” any rising candidates following thru on their campaign promises.
I’ve been thinking about oracles. Actually I’ve been thinking about predictors, money, politics, the economy, and the “recovery.” I remember back to Rochelle High School Latin classes when I TH*NK about Oracles --- most specifically the Oracle at Delphi. The ancients in particular depended on soothsayers’ prognostications from their readings of the fires, the smoke, the waters and the apparitions which appeared to them. We are beyond that in the second decade of the 21st Century... or are we?
You see in times of change and danger when there is a growing quicksand of fear and uncertainty, people look to predictors for insight into what will come to be. (They want an inside edge.) I have been writing this weekly column for almost a decade now and I’ve done fairly well on what I’ve told my readers. I stand by what I write because it comes from a lot of study, research, and experience. I’ve been wrong about some timing of events, but the substance of coming problems has been right on the money. I am no oracle, nor am I an “expert” which comes from the Latin “ex perto” – a forced drip of water. In my career of public and forensic accounting I have specialized in failures – bankruptcies, debtors in possession, divorces, and litigation support work product. Having a unique and defined body of knowledge or experience, a “specialist” if you will, is less negative and certainly explains me. I mean... you all know how I am “never” negative... (Yeah right, Fred!)
Last week was ripe with stories of the impending demise(s) of the US Dollar and the Euro as the leading currencies on the planet. The US on so many fronts is drowning in debt and the dollar itself is an instrument of debt. Dollars are fiat money which are created/ printed when the US Treasury authorizes the Federal Reserve Bank to issue more Federal Reserve notes. There is nothing substantive behind the buck... no gold, silver, copper... whatever. If the myth/fiction of “full faith and credit of the United States of America” stands for anything, it is the future power of our government to tax its citizens. Taxation is a bad word anytime, so the politicos promise to lower our taxes, but continue to deficit spend. They borrow to fund our unconscionable wars and social engineering programs. The US National debt stands (for now) at a record $12.4 TRILLION. The current Obama proposed US budget of $3.4 TRILLION is also a record! Look for our country’s debt to exceed $18 TRILLION in only a few years.
If our primary global debt holders chose to dump the US Dollar as their reserve currencies, just where would they go and who would buy them out? Predictions of the Euro as the successor just aren’t possible as the number of Euros is limited by the Treaty of Maastricht. Right now economic woes in Spain, Portugal, and Greece are EACH a major threat to the stability (and very existence) of the Euro. There is presently no currency out there big enough to replace Dollars as the world’s reserve currency.
I have said that elections in 2010 should be something to watch closely. Now I am not so certain about that because I don’t “oracle” (from the Latin “orare” to see) any rising candidates following thru on their campaign promises. In the last 25 plus years both major parties have disappointed the electorate with their subsequent actions, or lack thereof. It has been a week since the Illinois Primary and we still don’t have a Republican candidate for governor. One of the Lieutenant Governor “candidates” is being asked to step down, or rather pull out, for unfolding improprieties. This is a new one even for Illinois as our political corruption should wait to surface after the election. Our “second ago” EX-Governor is already in jail and our most recent EX-Governor just had another indictment added to his coming trial.
“It’s the economy stupid” was the mantra for the Bubba Clinton campaign. The irrational exuberance of a rising stock market run amok gave the illusion of growth and prosperity. It looked like we were doing great. Not so! We have since learned that this was smoke, lights, and mirrors. Removing the final financial limitations placed on Wall Street and the big domestic money center banks after the Great Depression in the 1930’s proved foolish and escalated our current messes. The Obama Administration is now seeking to restore the New Deal regulations eliminated by Carter, Reagan, Bush, Clinton, and Bush. I don’t see that happening particularly given the recent change in campaign funding.
The 2010 election mantra should be: “It’s the jobs, stupid!” We are not going to see any recovery without a major turnaround in employment. Last week’s “revelation” of a January loss of 20,000 jobs when the five previous weekly increases to unemployment were EACH over 400,000 is laughable. 400,000 times five is not even close to being 20,000 – even with “NEW MATH!” Just how stupid do they TH*NK we are???
I’m Fred Cederholm and I’ve been thinking. You should be thinking, too.
Copyright 2009 Questions, Inc. All rights reserved. Fred Cederholm is a CPA/CFE, a forensic accountant, and writer. He is a graduate of the University of Illinois (B.A., M.A. and M.A.S.). He can be reached at firstname.lastname@example.org.
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This story was published on February 8, 2010.