Latest baseball scores, trades, talk, ideas, opinions, and standings

Archive for the ‘depression’ Category

>China Won’t Play Ball With The Bilderbergers – Good or Bad?

>

Here’s a great article on a failed mission. U.S. Treasury Secretary failed when in China recently to get any information from the Chinese about what they intend to do about their currency. He wanted to get the Chinese trapped into appreciating their currency in line with how the west has let their currencies run wild. The Chinese were not playing ball with the little weasel, Geithner. Good! The current administration, and the last one under Bush, are working for a one world society where the United Nations rule all of us and the International Monetary Fund governs all currencies – in fact disolves all currencies and gives us one currency which those Builderbergers can manipulate as they see fit. Three cheers for China, in that they didn’t reveal the direction of future plans. If I was China I would do likewise. I wouldn’t give in to international pressures. China, following this pattern, will emerge with all the power in the world and the Builderbergers will fade away. That’s my perception. Don White

China’s Currency Manipulation: About to Cause a Global Explosion?

Bryan Rich
Tim Geithner, Hillary Clinton and 200 other American bigwigs visited China this week.
First on the agenda: China’s position on the rising tensions between North and South Korea.
With the rest of the major economic powers of the world standing against the actions of North Korea — a nuclear threat run by an oppressive regime — a neutral standing China poses a reasonable concern for future global stability.
Another significant topic Geithner was hoping to make headway on was China’s currency policy. But China had little to say on the matter.
China’s currency continues to be a subject the U.S. is willing to tap dance around diplomatically. Because when the gloves eventually do come off, U.S./China relations could rapidly collapse.
That’s why China’s alignment on the Korean peninsula tensions is of particular significance …
It puts the catalysts in place for potential fallout between China and the Western world, which could mean economic war and perhaps military war ahead.
Despite the smile, Geithner couldn't get the Chinese to say much about their currency policies.
Despite the smile, Geithner couldn’t get the Chinese to say much about their currency policies.
I think China’s currency policy represents too big a risk to global economic recovery and global stability for Washington to continue granting a stay. So today I want to revisit two of the arguments I’ve laid out in past Money and Marketscolumns to explain why we should worry about China, despite the headlines about it being an engine of global growth.
The first is …
China’s Currency Manipulation Poses a Roadblock to Sustainable Global Economic Growth
The G-20, the IMF, the OECD — all of the major institutions and central banks of the world have been harping on the importance of repairing global imbalances over the past year … and for good reason. When they do this, they’re talking specifically to China.
Over the last 14 years, China’s economy has grown a whopping eight-fold, to $4.9 trillion, and it has quickly soared to become the world’s third-largest economy.
During the same period, the U.S. economy has only doubled in size.
As far as currencies are concerned, the dramatic outperformance of the Chinese economy relative to the U.S. economy would normally be reflected in a much stronger Chinese currency.
But China controls the value of its currency. They allowed it to strengthen only 18 percent during those 14 years — a mere drop in the bucket, keeping the advantage squarely in China’s court.
Moreover, since the financial crisis and global recession kicked in two years ago, China has returned to a peg against the dollar, artificially keeping its goods cheap for a weaker U.S. consumer and undercutting its export-centric competitors.
As long as China continues to control its currency, global trade will remain lopsided.
As long as China continues to control its currency, global trade will remain lopsided.
Here’s the problem: The global trade imbalance driven by China’s cheap currency is a recipe for more frequent boom and bust cycles. So this issue has to be addressed.
Then there is the …
Threat of Protectionism
Ultimately, the rest of the world will have to choose actionover diplomacy. That means imposing sanctions on China and trade restrictions on Chinese goods.
But the problem with protectionist activity is that it tends to bring about retaliation, and it becomes contagious. That’s exactly what happened in the Great Depression. And it’s what brought global trade to a standstill.
Today, with unemployment sustaining high levels, the political support to act is there. Many would think that “standing up to China, is standing up for us.”
You see, when jobs are tight the perception by most workers towards globalization becomes more negative. And studies show that during these times, the number of people who favor the idea of higher tariffs on imported goods increases considerably. As it becomes increasingly evident that China will not play ball on allowing its currency to appreciate to a fair value, geopolitical tensions are bound to elevate, and protectionism will likely follow.
And given the sovereign debt crisis that’s already underway, protectionism is yet another risk to the global economy that increases the probability of another bout with recession.
In fact, protectionism has historically put fragile economies in a deeper and more prolonged crisis …
I want to show you a chart of the S&P 500 from the Great Depression years. This gives you a clear understanding of why protectionism is so dangerous.
Chart
As you can see, the stock market topped in 1929 and fell 45 percent in just three months. Then, it had a sharp correction, recovering 47 percent from the November ‘29 low.
In June 1930, two U.S. Congressmen, Smoot and Hawley, championed a bill to slap a tariff on virtually every foreign good. And that was the catalyst for the second leg down … a massive plunge in the stock market and arguably the catalyst for the Great Depression.
Since April 15, Treasury Secretary Geithner has been “on the clock.” He’s past due on a currency report he owes Congress. In it he is expected, under recently adopted more stringent rules, to publicly name China a currency manipulator. And with that, a can of worms would be opened.
As an investor, it’s always important that you anticipate plausible scenarios. Because if a China conflict scenario plays out, you can expect the outcome to be bad for global growth, bad for global stocks, bad for commodity demand and likely good for the continued safe haven appeal of the U.S. dollar.
Regards,
Bryan
Advertisements

>The Old Man and the Dog

>


By Catherine Moore
 
“Watch out! You nearly broad sided that car!” My father yelled at me,

“Can’t you do anything right?” 
Those words hurt worse than blows. I turned my head toward the elderly man in the seat beside me, daring me to challenge him. A lump rose in my throat as I averted my eyes. I wasn’t prepared for another battle.  “I saw the car, Dad. Please don’t yell at me when I’m driving.”
 

My voice was measured & steady, sounding far calmer than I really felt.

 

Dad glared at me, then turned away and settled back. At home I left Dad in front of the TV and went outside to collect my thoughts. Dark, heavy clouds hung in the air with a promise of rain. The rumble of distant thunder seemed to echo my inner turmoil. What could I do about him?

 

Dad had been a lumberjack in Washington and Oregon . He had enjoyed being outdoors and had reveled in pitting his strength against the forces of nature. He had entered grueling lumberjack competitions, and had placed often.
 The shelves in his house were filled with trophies that attested to his prowess.
 

The years marched on relentlessly. The first time he couldn’t lift a heavy log, he joked about it; but later that same day I saw him outside alone, straining to lift it. He became irritable whenever anyone teased him about his advancing age, or when he couldn’t do something he had done as a younger man.


Four days after his sixty-seventh birthday, he had a heart attack. An ambulance sped him to the hospital while a paramedic administered CPR to keep blood and oxygen flowing.

 

At the hospital, Dad was rushed into an operating room. He was lucky; he survived. But something inside Dad died. His zest for life was gone. He obstinately refused to follow doctor’s orders. Suggestions and offers of help were turned aside with sarcasm and insults. The number of visitors thinned, then finally stopped altogether. Dad was left alone.
 

My husband, Dick, and I asked Dad to come live with us on our small farm.. We hoped the fresh air and rustic atmosphere would help him adjust.
 

Within a week after he moved in, I regretted the invitation. It seemed nothing was satisfactory. He criticized everything I did. I became frustrated and moody. Soon I was taking my pent-up anger out on Dick. We began to bicker and argue.

 

Alarmed, Dick sought out our pastor and explained the situation. The clergyman set up weekly counseling appointments for us. At the close of each session he prayed, asking God to soothe Dad’s troubled mind.

But the months wore on and God was silent. Something had to be done and it was up to me to do it.
 

The next day I sat down with the phone book and methodically called each of the mental health clinics listed in the Yellow Pages. I explained my problem to each of the sympathetic voices that answered in vain.

 

Just when I was giving up hope, one of the voices suddenly exclaimed, “I just read something that might help you! Let me go get the article.”

 

I listened as she read. The article described a remarkable study done at a nursing home.. All of the patients were under treatment for chronic depression. Yet their attitudes had improved dramatically when they were given responsibility for a dog.

 

I drove to the animal shelter that afternoon. After I filled out a questionnaire, a uniformed officer led me to the kennels. The odor of disinfectant stung my nostrils as I moved down the row of pens. Each contained five to seven dogs. Long-haired dogs, curly-haired dogs, black dogs, spotted dogs all jumped up, trying to reach me. I studied each one but rejected one after the other for various reasons too big, too small, too much hair. As I neared the last pen a dog  in the shadows of the far corner struggled to his feet, walked to the front of the run and sat down. It was a pointer, one of the dog world’s aristocrats. But this was a caricature of the breed.

 

Years had etched his face and muzzle with shades of gray. His hipbones jutted out in lopsided triangles. But it was his eyes that caught and held my attention. Calm and clear, they beheld me unwaveringly.

 

I pointed to the dog. “Can you tell me about him?”

 

The officer looked, then shook his head in puzzlement. “He’s a funny one. Appeared out of nowhere and sat in front of the gate. We brought him in, figuring someone would be right down to claim him. That was two weeks ago and we’ve heard nothing. His time is up tomorrow.” He gestured helplessly.

 

As the words sank in I turned to the man in horror. “You mean you’re going to kill him?”
 
“Ma’am,” he said gently, “that’s our policy. We don’t have room for every unclaimed dog.” I looked at the pointer again. The calm brown eyes awaited my decision. “I’ll take him,” I said.
 

I drove home with the dog on the front seat beside me. When I reached the house I honked the horn twice. I was helping my prize out of the car when Dad shuffled onto the front porch. “Ta-Da! Look what I got for you, Dad!” I said excitedly.

 

Dad looked, then wrinkled his face in disgust. “If I had wanted a dog I would have gotten one. And I would have picked out a better specimen than that bag of bones. Keep it! I don’t want it” Dad waved his arm scornfully and turned back toward the house.

 

Anger rose inside me. It squeezed together my throat muscles and pounded into my temples. “You’d better get used to him, Dad. He’s staying!”
  Dad ignored me. “Did you hear me, Dad?” I screamed.
 

At those words Dad whirled angrily, his hands clenched at his sides, his eyes narrowed and blazing with hate.

 

We stood glaring at each other like duelists, when suddenly the pointer pulled free from my grasp. He wobbled toward my dad and sat down in front of him. Then slowly, carefully, he raised his paw.

 

Dad’s lower jaw trembled as he stared at the uplifted paw. Confusion replaced the anger in his eyes. The pointer waited patiently. Then Dad was on his knees hugging the animal.

 

It was the beginning of a warm and intimate friendship. Dad named the pointer Cheyenne . Together he and Cheyenne explored the community. They spent long hours walking down dusty lanes. They spent reflective moments on the banks of streams, angling for tasty trout. They even started to attend Sunday services together, Dad sitting in a pew and Cheyenne ly ing quietly at his feet.

 

Dad and Cheyenne were inseparable throughout the next three years. Dad’s bitterness faded, and he and Cheyenne made many friends. Then late one night I was startled to feel Cheyenne ‘s cold nose burrowing through our bed covers. He had never before come into our bedroom at night. I woke Dick, put on my robe and ran into my father’s room. Dad lay in his bed, his face serene. But his spirit had left quietly sometime during the night.

 

Two days later my shock and grief deepened when I discovered Cheyenne lying dead beside Dad’s bed. I wrapped his still form in the rag rug he had slept on. As Dick and I buried him near a favorite fishing hole, I silently thanked the dog for the help he had given me in restoring Dad’s peace of mind.

 

The morning of Dad’s funeral dawned overcast and dreary. This day looks like the way I feel, I thought, as I walked down the aisle to the pews reserved for family. I was surprised to see the many friends Dad and Cheyenne had made filling the church. The pastor began his eulogy. It was a tribute to both Dad and the dog who had changed his life. And then the pastor turned to Hebrews 13:2. “Do not neglect to show hospitality to strangers, for by this some have
entertained angels without knowing it.”
 

“I’ve often thanked God for sending that angel,” he said.

 

For me, the past dropped into place, completing a puzzle that I had not seen before: the sympathetic voice that had just read the right article.

 

Cheyenne ‘s unexpected appearance at the animal shelter. . . his calm acceptance and complete devotion to my father, and the proximity of their deaths. And suddenly I understood. I knew that God had answered my prayers after all.

 

Life is too short for drama & petty things, so laugh hard, love truly and forgive quickly. Live While You Are Alive. Forgive now those who made you cry. You might not get a second time.

 




>Obama: Turn In Your White House Keys

>I wrote a blog today that bluntly said Barak Obama should get out of town. He should turn in his White House keys, give up the presidency to someone else with more experience and get out of town. Even Joe Biden couldn’t hurt us any more than Barak Obama has already done. On the heels of GM going under, the president should re-consider his position and tell Michelle the truth for once, “It isn’t working, dear. I can’t fix the economy with money.”

Check out this blog at Don White Portfolio now. A must read.

>Obama Should Turn In His Key To The White House

>I wrote a blog today that bluntly said Barak Obama should get out of town. He should turn in his White House keys, give up the presidency to someone else with more experience and get out of town. Even Joe Biden couldn’t hurt us any more than Barak Obama has already done. On the heels of GM going under, the president should re-consider his position and tell Michelle the truth for once, “It isn’t working, dear. I can’t fix the economy with money.”

Check out this blog at Don White Portfolio now. A must read.

>Obama Wrong: From Gitmo and Autos To The Economy

>Read 5 articles examining the issues and questions raised by conservatives over Gitmo, Obama’s mistakes, where he’s taking us, the dwindling value of our money, spending, and the coming depression …. and high blood pressure.

Go to the blog Getting America Right
http://GettingAmericaRight.blogspot.com

1. “What’s Wrong: Double Talk From Obama and His Minions” by Don White

2. “Obama’s Jewish Problem’ by Joan Swirsky

3. “When Higher Blood Pressure Is Good” by Don White

4. “Obama’s Mistakes: Our Kids Will Pay” by Don White

5. “Obama is Spending Us Into Depression” by Don White

>The Economy Is In Deep Trouble — Read Don White Portfolio

>

These are the stories you should be reading:

Don’t forget to praise or be afraid to comment negatively.
If you are having trouble finding something specific and can’t find it on our web site, let us know so that we will be better able to help you in the future. Leave feedback. Hit the COMMENTS button.

>Much Going On In Finland

>

 7.4.2009 – THIS WEEK
 Using the Internet to tame the “black dog” of depression