Sunday, June 3, 2012

POOF for JUNE 3: The Wizard of Oz




I don't usually like to summarize articles as I think that tends to ruin the holograhpic nature of written communication, and you can all read in any case, but I'll put out these points he makes:
  1. Euro: Not going away

  2. Greece: Not getting booted out of Europe, no matter what the bankers and pundits say.

  3. Necons: Still trying to start wars in Iran and Syria to remain in power, but have no money or popular support for war.

  4. Chaos: Its not as chaotic as you think, no Mad Max scenarios, and probably no need for emergency supplies.

  5. Banks: Fire sales of assets going on, all the old system will be swept away.

  6. Cabal: Arrests immenient.

  7. Future: Very bright indeed.




POOF for JUNE 3: The Wizard of Oz / ( ...Is this Poof's final newsletter...?)*
Subject: The Wizard of Oz 
Date: Sun, 3 Jun 2012 17:33:31 -0400

Ball Of Confusion lyrics

People moving out, 
People moving in, 
Why, because of the color of their skin, 
Run, run, run, but you just can't hide.

An eye for an eye, 
Tooth for a tooth, 
Vote for me and I'll set you free, 
Rap on, brother, rap on.

Well, the only person talking about loving thy brother is the preacher, 
And it seems nobody's interested in learning, but the teacher, 
Segregation, demonstration, intergration, determination, aggravation, humiliation, 
Obligation to our nation.

Ball of confusion, 
That's what the world is today, hey.

The sale of pills is at an all time high, 
Young folks walk with their heads in the sky, 
The cities aflame in the summertime, 
And oh the beat goes on.

Evolution, revolution, gun control, sound of soul-shooting rockets to the moon, 
Kids growing up too soon, 
Politicians say, "More taxes will solve everything," 
The band played on.

So, round and around and around we go, 
Where the world's headed, nobody knows

Oh, Great Googamooga, 
Can't you hear me talking to you, 
Just a ball of confusion, 
That's what the world is today, hey.

Fear in the air, tension everywhere, 
Unemployment rising fast, 
The Beatles new record's a gas, 
And the only safe place to live, 
Is on an Indian reservation, 
The band played on.

Eve of destruction, tax deduction, 
City inspectors, bill collectors, mod clothes in demand, 
Population out of hand, suicide, too many bills, 
Hippies moving to the hills, 
People all over the world are shouting, "End the war!", 
And the band played on.

Great Googamooga, 
Can't you hear me talking to you, 
Just a Ball Of Confusion, -ac 

Greetings and Salutation,

So as I was discussing the 'latest' with the folks in the rafters, I was cautioned about paying attention to the 'movie' being run on the screen by the media or the talking heads for that matter. The euro is going away, the experiment failed...no it's not. Greece is getting kicked to the curb, out of the european union, no it's not. Figures don't lie, but liars sure figure. The neo-cons in the back ground are itching to get another war going. Syria? Iran? Doesn't matter, we need to go blow up something, kill some folks. That's the old formula, if the money is taking you down the tube...start a war...that'll fix it. Trick is you need money to prosecute a war and the nations are broke...people are hungry. The 'art of war' says a government must have the people behind it's actions...if they are destitute, you got problems maintaining order.

So on the eve of utter change in this world, 'be wise as serpents and cautious as doves'. Many news worthy people, movers and shakers, as it were, shall lose their status and be gone from having any impact on our lives. They had their chance and didn't choose wisely. Funny, I'm hearing from the folks doing this and no one is telling me, I need to store up water, or worry about the banks suddenly shutting down. While things may be a little spooky out here, chaos is not the order of the day. Of course, that is the what the bad guys were trying to create, something looking like Mad Max world. There's a fire sale going on and nothing will be left on the shelves, all must go from the old banking system. People can justify, their lack of fairness and thievery all the want, but it doesn't play in the courts of justice. The evidence against them is overwhelming. Don't be shocked at what you see and hear.

I got a lot of 'happy talk', now we shall be looking for fulfillment. I bid a fond adieu to you all...world wide.

Love and Kisses,

Poofness

* Poof has said in the past that when he stops posting, the new banking system will come online.  Whatever work he does to bring it about (and he has never been specific about that or who he is) he's been at it for a very long time.

Time Bomb? Banks Pressured to
Buy Government Debt



Published: Thursday, 31 May 2012 | 2:42 PM ET Text Size
By: Jeff Cox CNBC.com Senior Writer

US and European regulators are essentially forcing banks to buy up their own government's debt—a move that could end up making the debt crisis even worse, a Citigroup analysis says.

Regulators are allowing banks to escape counting their country's debt against capital requirements and loosening other rules to create a steady market for government bonds, the study says.

While that helps governments issue more and more debt, the strategy could ultimately explode if the governments are unable to make the bond payments, leaving the banks with billions of toxic debt, says Citigroup strategist Hans Lorenzen.

"Captive bank demand can buy time and can help keep domestic yields low," Lorenzen wrote in an analysis for clients. "However, the distortions that build up over time can sow the seeds of an even bigger crisis, if the time bought isn't used very prudently."

"Specifically," Lorenzen adds, "having banks loaded up with domestic sovereign debt will only increase the domestic fallout if the sovereign ultimately reneges on its obligations."

The banks, though, are caught in a "great repression" trap from which they cannot escape.
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