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Posts Tagged ‘2008’

On November 8, 2006, Michael “Mish” Shedlock was on Coast to Coast AM with George Noory, to give his economic forecast.

  • He said an inverted yield curve for U.S. treasury bonds (e.g. the 6-month bond had a higher yield than a 10-year bond did), and a decline in housing starts and permits was the best predictor of an impending recession. They have predicted an impending recession every time since 1959.
  • He correctly predicted that the U.S. would be in a recession in 2008. It officially started in December 2007.
  • Americans had a negative savings rate since 2005. By February 2007, Americans had a negative savings rate for 21 consecutive months.
  • He sold a 3-bedroom, 1-bathroom house in Danville, Illinois for $14,000. A friend of his said a comparable house in Washington, D.C. would have sold for around $200k.
  • By 2006, Japan had experienced 18 consecutive years of declining real estate prices.
  • The major Japanese stock exchange index, the Nikkei 225, went from a high of around 40,000 to a low of around 7,000. Specifically, a high of 38,957 on December 29, 1989 to a low of 7,021 on March 10, 2009 — a decline of 82% over nearly 20 years.
  • Japan had a central bank rate of 0.25%, which the U.S. central bank, the Federal Reserve, adopted in December, 2008.

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American International Group (AIG), bailed out by the U.S. government in September 2008, provided a great return on investment for its primary shareholder, from August to September, 2009.

This may prove to be the biggest increase of all non-penny stocks in 35 or fewer trading days this year.

On August 4, it went from a low of $12.97 to a high of $54.40 on September 22 — a 319% increase over 35 trading days.

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On October 15, 2009, We Are Change Boston asked former Federal Reserve Chairman and current Chair of President Obama’s Economic Recovery Advisory Board, Paul Volcker, about the Bilderberg Group.

This short video clip is highly significant for several reasons, including:

1) A former Fed Chairman, Volcker, acknowledges that the Bilderberg Group exists.
2) He acknowledges that he attended their meeting this year (2009), and two or three times previously.
3) He acknowledges the authority and consequences of the Logan Act, which prohibits unauthorized U.S. citizens from negotiating with foreign governments, punishable under federal law with imprisonment up to three years.
4) He indirectly admits that the Federal Reserve is a non-governmental private institution, by implying the Act didn’t apply to his attendance.
5) If he wasn’t given express authorization by President Obama to attend this year’s meeting, he’d be liable for punishment under the Logan Act. Testimony in Congress, under oath, should be sought to determine that.

For those few who are still living in denial about the existence of the Bilderberg Group, or if you’re curious, watch this clip of Ben Bernanke pulling into the 2008 Bilderberg Group meeting, and South Carolina Governor Mark Sanford reflecting upon his attendance at that same meeting.

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The Federal Electoral Commission (FEC)’s motto is “Administering and Enforcing Campaign Finance Laws.”

However, they won’t show you which individuals donated to President Obama in the 2008 presidential election campaign. This has been the case as early as July 2009.

From fec.gov, go to “Campaign Finance Reports and Data,” “Search the Disclosure Database,” and click on “Candidate Search.”

Enter “Obama” and click on “Get Listing.”

Select “OBAMA, BARACK” with the State of “Presidential Candidate”

It shows you the information for “Contributions Made by This Candidate’s Committees” and “Committees Who Gave to This Candidate,” but it won’t show you any information for “Individuals Who Gave to This Candidate.” After a couple minutes of waiting, you’ll be presented with the page, “Failed to open page.”

Repeat the above process, using McCain instead, and you will see that it does show the individuals who gave to him.

Contact the FEC webmaster and tell him/her you want to see Obama’s individual contributors, as the FEC’s mandate requires.

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On Wednesday, October 14, 2009, LewRockwell.com featured an article with the headline, “The Best-Performing Asset of the Decade: Gold, of course

But one shouldn’t pass judgment on the entire decade based on the value of gold relative to other precious metals on a single day.

Had the article been written on March 6, 2008, the title would’ve been, “The Best-Performing Asset of the Decade: Platinum, unfortunately”

Unfortunate, for gold bugs that is! Silver also outperformed gold as well. Ouch!

On December 30, 1999, gold had a London Fix afternoon price of $290.25 per ounce, while silver and platinum had a value of $5.33 and $443.00 per ounce, respectively.

On March 6, 2008, gold had a London Fix afternoon price of $986.25 per ounce, while silver and platinum had a value of $20.80 and $2249.00 per ounce, respectively.

Over the decade, platinum increased its value by 4.51 times, silver by 3.90 times, and gold by only 3.40 times.

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In January 2009, I reported on the 80% devaluation of Iceland’s currency from July to November 2008.

On October 3, 2009, “World Crisis Radio” with Webster Tarpley, reported live from Iceland’s capital, Reykjavik, and interviewed an Icelander on Iceland’s 2008 economic collapse.

The interview starts at 41:30 in the first hour and runs for most of the second hour.

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From the Canada Revenue Agency’s website:

“The penalty is 5% of your 2008 balance owing, plus 1% of your balance owing for each full month that your return is late, to a maximum of 12 months. If we charged a late-filing penalty on your return for 2005, 2006, or 2007 your late-filing penalty for 2008 will be 10% of your 2008 balance owing, plus 2% of your 2008 balance owing for each full month that your return is late, to a maximum of 20 months.”

Translation: If 2008 is the first time you’ve filed late in the past 3 years, then the late filing penalty will be 5 to 17%, otherwise it’ll be a hefty 10 to 50%.

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