Friday, December 4, 2009
Thursday, December 3, 2009
Black pea soup (charro bean style).
Charro bean soup is probably best to make with a light-colored bean, if you want to stay authentic. But, you can use black-eyed peas, or, as in this case, black peas. When using black peas, the resultant soup is black, thick and spicy.
Ingredients: 1/2 lb black pea, 1/2 gallon broth, 1 large onion chopped, 4 jalopenos (make sure to discard seeds and veins), 3 strips of smoked, thick bacon (Hungarian smoked bacon is best for this), 1 can chopped tomatos, 1 chicken boullion, 1/2 cup chopped cilantro leaves and about 1 tbsp salt.
Method: Remove rocks (if any) from the beans and soak them overnight in water. Rinse them under hot water and simmer in 1/2 gallon broth (chicken or turkey) for about two hours. Fry the bacon strips and the onions. About half an hour before serving, add everything else except the cilantro. That is added just before serving.
We ate this with flour tortillas.
Ingredients: 1/2 lb black pea, 1/2 gallon broth, 1 large onion chopped, 4 jalopenos (make sure to discard seeds and veins), 3 strips of smoked, thick bacon (Hungarian smoked bacon is best for this), 1 can chopped tomatos, 1 chicken boullion, 1/2 cup chopped cilantro leaves and about 1 tbsp salt.
Method: Remove rocks (if any) from the beans and soak them overnight in water. Rinse them under hot water and simmer in 1/2 gallon broth (chicken or turkey) for about two hours. Fry the bacon strips and the onions. About half an hour before serving, add everything else except the cilantro. That is added just before serving.
We ate this with flour tortillas.
Dubai World lessons.
One can only marvel at the audacity of the planners and architects of Dubai. The size and scale of the buildings and undertaking is simply colossal. Apart from the two artificial islands, Dubai had an indoor ski slope, an underwater hotel, a space port, a sports city, numerous skyscrapers and hotels and an area that was to recreate the seven wonders of the Earth. Disneyland on a stupendous scale.Yet, there was something nagging me even before I read that Dubai World, the owner of the company building this city is bankrupt. How could they attract enough people to occupy the apartments that went for 2.5-5 million and the villas on the artificial islands that went for a lot more? Not only that, but how were the people (the occupants) to maintain cash flow to finance such lifestyles? Along came the Obama meltdown and Dubai World is in hock for $60B.
Did anyone wonder about the feasibility of the financing? Or, were they just enamoured with the idea of a planned community? Some banks (supposedly the British and other European banks) did not do enough due diligence. Dubai World seems to have been built in the air. Even sand had to be imported! It shows you what happens when people disregard realities of finance and just forge ahead because they love the idea.
Wednesday, December 2, 2009
The reference to Lo-Ruhama.
Those of you not familiar with the Bible, let me explain the reference.
Hosea was a son of Beeri, in the days of Uzziah(792-740), Jotham(750-735), Ahaz (735-715), and Hezekiah (715-686) -kings of Judah and king Jeroboam of Israel (793-753). The Lord asked Hosea to marry a harlot, so Hosea would experience the betrayel God felt at the hands of Israel. The Northern kingdom had become just like its Canaanite neighbors, its kings reaching the throne through murder, the people engaged in evil practices, including abortion and idol worship.
So, Hosea married a harlot by the name of Gomer, who bore him three children. God told Hosea to name the first one Jezreel, symbolizing the breaking of the bow of Israel (of its army) by Tiglath-Pilaser III of Assyria and scattering the people. The second child born to Gomer (a girl) was named Lo-Ruhamah. In Hebrew it means "she has received no compassion" and it refers to God being through with forgiving the people of the Northern kingdom. Gomer's third child of harlotry was also a boy and God asked Hosea to name him "Lo-Ammi," literally meaning not my people. This was the severest judgement from God, the nullifying of the Covenant with these people.
The naming of the poem Lo-Ruhamah means that God is through forgiving us and is punishing us by turning us over to evil desires of coveting and theft through "redistribution." The reference to "Joan of Arc" is to a female candidate who might lead us away from the punishment - if we repent.
Hosea was a son of Beeri, in the days of Uzziah(792-740), Jotham(750-735), Ahaz (735-715), and Hezekiah (715-686) -kings of Judah and king Jeroboam of Israel (793-753). The Lord asked Hosea to marry a harlot, so Hosea would experience the betrayel God felt at the hands of Israel. The Northern kingdom had become just like its Canaanite neighbors, its kings reaching the throne through murder, the people engaged in evil practices, including abortion and idol worship.
So, Hosea married a harlot by the name of Gomer, who bore him three children. God told Hosea to name the first one Jezreel, symbolizing the breaking of the bow of Israel (of its army) by Tiglath-Pilaser III of Assyria and scattering the people. The second child born to Gomer (a girl) was named Lo-Ruhamah. In Hebrew it means "she has received no compassion" and it refers to God being through with forgiving the people of the Northern kingdom. Gomer's third child of harlotry was also a boy and God asked Hosea to name him "Lo-Ammi," literally meaning not my people. This was the severest judgement from God, the nullifying of the Covenant with these people.
The naming of the poem Lo-Ruhamah means that God is through forgiving us and is punishing us by turning us over to evil desires of coveting and theft through "redistribution." The reference to "Joan of Arc" is to a female candidate who might lead us away from the punishment - if we repent.
Review of concepts and predictions. Dec 2009.
If you have been reading these posts, you have come along on a journey to understand economic concepts, moves in the financial world and their causes. In this journey, I first unearthed the relationship MxV=QxP, which is the relationship of the money supply (M), money velocity (V), the gross national product (Q) and prices (P). No, I did not discover this, others did. But, I found out that the adoption of the 'mark to market' accounting system on Sep 15, 2008, is what brought V down very sharply and drastically dropped Q. This was a deliberate act to elect the communist Obama and blame the economic catastrophe on George Bush. The ploy worked.
The first year of the Obama regime was devoted to nationalizing the big banks via "rescuing them;" by firs declaring some of their assets worth zero then giving them monopoly money to replenish their reserves. The same thing was done to the insurance industry. GM and Chrysler were "bailed out" then declared bankrupt by puppets installed by the regime. Shareholders and creditors of GM and Chrysler were deprived of their properties. This was nationalization - pure and simple.
So, in a sense, the Obama regime is a continuation of the Roosevelt era and only the nationalization of health care remains to be done to complete the transformation of the US from a Capitalist (economically free) country into a Socialist entity. Once that is done, the regime will turn to make its rule permanent: 1. institutionalize voting fraud by the likes of ACORN, so it can not be voted out of power; 2. bring in millions of illegal aliens who have little or no concept of how Capitalism works and respond to the compesino/Patron relationship; 3. raise taxes to 50% on the average American; 4. disarm the population. The Socialists would also like to censor free expression, so only the regime and its supporters in the Media can be heard.
The hardest thing for an average American to understand is that the economic hardships visited upon us are done on purpose to force us into accepting Socialism. The Socialists (Democrats) want to downsize America's economic and military might and one way of accomplishing this is to reduce the value of the dollar. Another way of doing it is to increase the price of energy.
The process of "rescuing" our economy has already raised the price of gold and is lowering the value of the dollar. At the bottom of this is the expansion of the money supply. I have documented the explosion of the money supply. I have found out that real inflation is shown in the HAI Monetary Inflation Index, which has already risen, whereas the CPI (consumer price index) lags the HAI.
Along the way, I gathered the best predictions re the economy and gold prices. The economy continues to stagnate and the 2.5% rise in GDP is all due to govt spending. On Sep 2, I gave you a prediction of the DOW going to 12,000, mostly due to the effect of increased money supply. I predicted gold to go to $1,300/oz, based on the inverse head and shoulder technical formation and the size of the head. I reiterated these predictions in posts of Sep 11 and Oct 6. This morning's gold price reached $1,2009/oz.
I will make further predictions in Jan 2010, God willing. Gold will continue to rise and so will the DOW. Nothing goes up in a straight line, so there will be drops along the way.
Do not listen to regime shills who want to keep the price of gold down. Expect the 'mark to market' rule to be applied to commercial real estate as the regime will nationalize a lot of that. Keep the faith.
The first year of the Obama regime was devoted to nationalizing the big banks via "rescuing them;" by firs declaring some of their assets worth zero then giving them monopoly money to replenish their reserves. The same thing was done to the insurance industry. GM and Chrysler were "bailed out" then declared bankrupt by puppets installed by the regime. Shareholders and creditors of GM and Chrysler were deprived of their properties. This was nationalization - pure and simple.
So, in a sense, the Obama regime is a continuation of the Roosevelt era and only the nationalization of health care remains to be done to complete the transformation of the US from a Capitalist (economically free) country into a Socialist entity. Once that is done, the regime will turn to make its rule permanent: 1. institutionalize voting fraud by the likes of ACORN, so it can not be voted out of power; 2. bring in millions of illegal aliens who have little or no concept of how Capitalism works and respond to the compesino/Patron relationship; 3. raise taxes to 50% on the average American; 4. disarm the population. The Socialists would also like to censor free expression, so only the regime and its supporters in the Media can be heard.
The hardest thing for an average American to understand is that the economic hardships visited upon us are done on purpose to force us into accepting Socialism. The Socialists (Democrats) want to downsize America's economic and military might and one way of accomplishing this is to reduce the value of the dollar. Another way of doing it is to increase the price of energy.
The process of "rescuing" our economy has already raised the price of gold and is lowering the value of the dollar. At the bottom of this is the expansion of the money supply. I have documented the explosion of the money supply. I have found out that real inflation is shown in the HAI Monetary Inflation Index, which has already risen, whereas the CPI (consumer price index) lags the HAI.
Along the way, I gathered the best predictions re the economy and gold prices. The economy continues to stagnate and the 2.5% rise in GDP is all due to govt spending. On Sep 2, I gave you a prediction of the DOW going to 12,000, mostly due to the effect of increased money supply. I predicted gold to go to $1,300/oz, based on the inverse head and shoulder technical formation and the size of the head. I reiterated these predictions in posts of Sep 11 and Oct 6. This morning's gold price reached $1,2009/oz.
I will make further predictions in Jan 2010, God willing. Gold will continue to rise and so will the DOW. Nothing goes up in a straight line, so there will be drops along the way.
Do not listen to regime shills who want to keep the price of gold down. Expect the 'mark to market' rule to be applied to commercial real estate as the regime will nationalize a lot of that. Keep the faith.
Tuesday, December 1, 2009
Inflation is here.
If you listen to the airheads that appear on TV networks (ABC,NBC,CBS,MSNBC and the Clinton News Network), the economy is doing better and inflation is under control. We know that these people lie, but how? First, the Consumer Price Index (CPI) does not include energy prices and food costs. The true measure of prices is measured by another index; the actual buying power of the US Dollar. Actual buying power of the dollar has been decreasing (so the index of prices has been rising), while the value of the dollar has been decreasing. These are documented in the first two graphs. [I apologize for not being able to move the graphs, but Blogger has been "improved" and it no longer moves graphs or allows text to be imported.] The 2.5% rise in GNP is also deceptive. You see, the GNP includes the Nation's output AND GOVERNMENT SPENDING. There is little to no rise in output, the 2.5% growth in the GNP is due to increased government spending.
The loss of the value of the dollar is also reflected in the rise of the value of gold. Gold is the money of the free market, while the dollar is the money of the government, now in the control of Obama Socialists and radicals. The US govt has created $11T credit for guaranteeing various financial entities and doubled the monetary base. Inflation (in the CPI) is guaranteed. Inflation in real terms is already under way.
Gold bull markets have 3 phases: 1. currency devaluation; 2. the investment phase and 3. the mania stage. We are into phase two and the anti-gold cabal is less able to manipulate gold prices down. But, we are also beginning to see signs of phase three as mints have stopped minting gold coins (gold shortage) and central banks are beginning to hoard gold. How high will gold go? In a previous post I have shown you the inverse head and shoulder formation that predicted a rise of $300/oz at that point. We are almost to that point, but some experts I read predict a gold price of #1300/oz by year's end. How about the top of the gold price? That is a bit more difficult. The last serious gold bull market took the price of gold to almost $2,000/oz. Using that slope for the current bull market would yield a calculated price of over $5,000/oz. If the world finds out that the US govt no longer controls the alleged stockpile of $300B worth of bouillon, that alone will double gold price.
In the meantime, expect the Obama shills to pull all kinds of stunts to try to keep down gold prices. One of these stunts is the manipulation of gold price via flooding the market with paper gold (promissory notes to deliver gold). That is dangerous for the regime, as people can demand delivery. Another stunt is to create rumors that would keep gold prices down. Such as the rumor that Chinese banks are insolvent. (Not true, Chinese bank deposits are increasing faster than banks are making loans). How about the suggestion that what we are experiencing is a bubble in gold prices? Nice touch, but no cigar. The total asset value of the US is 145T and the total value of the gold bouillons is $5.7T (153,000 tons). Of that $3.6T is traded as commodity (96,200 tons), $1.1T is owned by central banks (26,700 tons) and $1.0T is in private hands (24,199 tons). A bubble? Hardly.
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