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02.22 Report: Climate Denier to Lead White House Climate Panel [“Stupid is as stupid does.” –Forrest Gump]

02.22 The Uninhabitable Earth [Lots more important than all other problems put together]

02.22 Europe faces 'biodiversity oblivion' after collapse in French birds, experts warn

02.22 World's food supply under 'severe threat' from loss of biodiversity

02.22 Venezuela crisis threatens disease epidemic across continent - experts

02.21 'Moment of reckoning': US cities burn recyclables after China bans imports

02.20 Young climate strikers can win their fight. We must all help

02.20 Voyage to the Garbage Patch: the female sailors taking on plastic

02.19 Bees brought Bavarians together. And they have a lesson for us all

02.19 Florida is drowning. Condos are still being built. Can't humans see the writing on the wall? [Fear that Trump & Fox News incite makes us avoid unpleasant information we need to know]

02.18 Tesla big battery is holding its own in a burgeoning energy storage market

02.18 Trump administration condemned over delaying action on toxic drinking water

02.16 New experimental drug rapidly repairs age-related memory loss and improves mood

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 My generation trashed the planet. So I salute the children striking back

02.16 US coastal businesses hit by everyday impact of climate change, study shows

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]

02.12 Biggest offshore windfarm to start UK supply this week

02.12 Scientists Are Totally Rethinking Animal Cognition

02.12 Politicians are complicit in the killing of our insects – we will be next

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02.22 So How's Your Tax Refund? Thanks to GOP Tax Scam, Big Banks Made Extra $28 Billion Last Year

02.21 Why Bernie Sanders Matters More Than People Think

02.21 Bezos Says Amazon Drones Ready to Deliver Mueller Report to Every American Household

02.21 Devin Nunes Was Trump’s Mole Inside the Gang of Eight

02.21 Alec Baldwin fears for family's safety after Trump 'retribution' threats [0:40 video]

02.20 Intimidation, Pressure and Humiliation: Inside Trump’s Two-Year War on the Investigations Encircling Him

02.20 ‘Sustained and ongoing’ disinformation assault targets Dem presidential candidates [If you can sense them, block them!]

02.20 The 2020 U.S. Presidential Race: A Cheat Sheet

02.20 Why Bernie Sanders' radicalism can take out Trump

02.20 Why vote for Sanders when you can have Elizabeth Warren instead?

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02.19 California Leads 16 States Suing to Block Trump Border Plan

02.19 Fighting pollution: Toledo residents want personhood status for Lake Erie [Hurrah!]

High Crimes?

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]

02.16 Elliott Abrams Defends War Crimes As Happening Back In The ’80s When Everyone Was Doing It

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02.21 Historian who confronted Davos billionaires leaks Tucker Carlson rant

02.20 A Centuries-Old Idea Could Revolutionize Climate Policy

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Sanders Has an Advantage, and It’s Not [Just] About Economics

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02.22 Trump has turned foreign aid into shabby political theatre [Psychopaths are a sub-human species without empathy or morals.]

02.21 John Oliver Compares Brexit ‘Disaster’ to Will Smith’s Genie in Live-Action ‘Aladdin’ (Video) [21:26 video; we’re approaching an Idiocracy-type of society, where stupidity is “normal”]

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...]

02.20 My grandfather was a Nazi. I’ve seen why we need the EU

02.19 Centrism isn’t the solution to the mess we’re in

02.19 Renewables need urgent investment to ease Australia's transmission bottlenecks, experts warn

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  Thinking About Warnings

COMMENTARY:

Thinking About Warnings

by Fred Cederholm
Things happen that are harbingers of more things to come. We don’t always see isolated and random events as warnings. That may be a major mistake on our parts.

I’ve been thinking about warnings. Actually I’ve been thinking about volcanoes, Toyotas, Goldman Sachs, the money supply, US Treasury Securities, foreclosures, and my silver PT Cruiser. Things happen that are harbingers of more things to come. We don’t always see isolated and random events as warnings. That may be a major mistake on our parts. How often days, weeks, or months later do we TH*NK: “Gee, I should of...”?

You see despite all the occurrences that actually DIDN’T make the news last week, there were a number of events, or happenings, which I see as warnings. Planet earth is clearly not as stable a place as we want to TH*NK. The Eyjafjallokull eruptions in Iceland have basically shut down air travel to (and within) Europe. Iceland’s volcanoes generally smolder, burp, and send off ash, but the last week’s events were something to watch closely. While some airports want to re-begin take offs and landings, the cloud of fine ash over the UK, Scandinavia, Central Europe, and Eastern Europe to the Ural Mountains has not dissipated. Airlines are now losing $200 MILLION a day. Although the ash cloud from Iceland continues to linger and grow, pressure is on to fasten seat belts and re-fill the empty skies. Does this mean that a warning is now being ignored? Are they playing fast and loose with passengers?

The past problems of Toyota vehicles accelerating on their own has resulted in a $16.4 MILLION fine to be made payable to Uncle $ugar. A bundle of memos, emails, and letters indicate that Toyota tried to sweep massive quality control problems under their floor mats. The government could have used the $15 BILLION in fines they actually sought, but were capped out at the $16.4 MILLION that was just announced. Toyota isn’t admitting any guilt, but agreed to pay the $16.4 MILLION to put “the matter behind them.” (YEAH, right!!!) Such a “NOLO CONTENDERE” (no innocence, but no guilt either) plea brought back so many memories of my days working as a forensic accountant for the FDIC/ RTC. I can really laugh about this because I was the one who put together “the smoking gun” evidence which was sealed (and I am still under a gag order) by the RTC settlement decree(s) on my cases.

Goldman Sachs, the famous Wall Street investment firm, was dinged for telling many of their clients to invest in mortgage backed securities, while at the same time short selling the securities and betting that they would be worth less, or even worthless. How could such a two faced duplicity be the case? Well under the A,B,C’s of investing. A’s are for averages, B’s are for brokers, and C’s are for commissions! In this case, the C’s are much more desirable than any A’s, or any B’s. At this point, whether the Security and Exchange Commission (SEC) will pursue criminal charges against Goldman, or what will be the ultimate fine, penalty, restitution to Uncle $ugar is still open to question. The timing of last week’s disclosures is fortuitous because the Obama Administration is preparing its case that a return to regulation of the banks and investments is highly desirable. The President may not have been able to fly to Poland for a funeral; but unless the Yellowstone Caldron erupts, he will be flying around the US pushing for financial system reform and regulation. The Goldman case is clearly a warning.

News from the US Treasury is highly suspicious. Every week Treasury securities are rolled over and new/ additional ones are offered for sale. In the 2010 year, Uncle $ugar will need to borrow at least another $1.6 TRILLION. This should result in an increasing money supply, and an increase in interest rates! What we are seeing is that the money supply is actually contracting (?), no interest rate increases, and that there is an “unexplained” spike of BILLIONS of “direct” purchases of these securities. Security sales thru brokers and to institutional investors are “indirect:” sales to the general public and foreign governments are “direct.” This is a red flag that something is not right! Who is actually buying these at arbitrarily low interest rates, and how are they paying for them when the reported outstanding money supply is actually decreasing? Should these anomalies be regarded as another warning sign?

An “improving” Real Estate market is presently being hyped, yet the number of foreclosed properties and those held/ owned by banks as OREOs (Other Real Estate Owned) continues to grow. Realty Trac which monitors these, just announced foreclosures doubled to 15,000 in Illinois alone at the end of the first quarter. This is a record high and should be taken as a sign of a worsening economy, not an improvement to it. Closer to home... four of the 22 homes on the market in Creston have sold in the past couple of weeks. This is great news. Then... over the weekend, the engine warning light on my PT Cruiser came on. I am headed to Krahenbuhl’s Monday afternoon to get it checked out. (Bah humbug!)

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 asklet@rochelle.net.



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This story was published on April 19, 2010.

 

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