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Quakes OnTwo Sides Of The Columbia

map 2.4 2007/08/31 06:13:50 47.568N 119.785W 0.7 23 km (14 mi) ESE of Waterville, WA

map 2.2 2007/08/31 04:17:29 45.118N 120.942W 18.9 13 km ( 8 mi) ESE of Maupin, OR

map 1.2 2007/08/31 00:02:17 45.129N 120.921W 16.5 14 km ( 8 mi) ESE of Maupin, OR

Maupin Earthquake Mover Mike

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Up Next: Typhoon Fitow

Update:

The latest track of Fitow shows less strengthening and the track is not aimed at the center of Japan. We will continue to monitor this Typhoon.

Another typhoon is gearing up to do damage, Typhoon Fitow. Currently a category 1 typhoon, by Tuesday of next week, Fitow is expected to be packing winds of 131 to 155 mph or category 4 and aiming at the center of Japan.

Typhoon Fitow Typhoon Mover Mike

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Was It The Lunar Eclipse???

Every time we have a lunar eclipse, there are many who claim the solar system bodies in a line cause earthquakes. Who knows? map 1.5 2007/08/30 05:48:38 42.266N 119.368W 12.5 52 km (33 mi) N of Andys Place, NV (In Oregon near the border)

map 2.3 2007/08/29 23:00:45 42.072N 120.208W 0.0 17 km (11 mi) SE of Lakeview, OR

map 1.4 2007/08/29 22:35:50 44.139N 121.792W 8.7 26 km (16 mi) SW of Sisters, OR

Oregon Earthquake Mover Mike

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Iraqi WMDs Found At UN

If it took us 10 years to find these WMDs in the UN, how did we expect to find them in a country the size of Iraq?

United Nations officials (Iraqi weapons inspectors) found vials of dangerous chemicals,(Phosgene) which had been removed from Iraq a decade ago, in a U.N. building in New York, but U.N. officials said on Thursday there was no danger.

Iraqi+WMDs Phosgene Mover Mike

Dr. Kurt Richebächer R.I.P.

One more hero falls.

Dr. Kurt Richebächer’s, who died on Monday, has writen about the economy before I was aware of him when I became a stockbroker in 1968. Even after I retired, I read his frequent writings about the economy and always learned from him and he reinforced my views. He practiced the tenets of the Austrian School of economics. The Vigilant Investor has some nice words about the man.

Some say in government that “we didn’t see this turmoil in the mortgage industry coming.” Richenbacher in December of 2006 wrote about MONETARY ANARCHY and warned of the consequences of the credit expansion:

It (the housing boom) was a boom that plainly went to extraordinary excess in various ways. As a rule, this suggests a very severe aftermath of painful corrections. The first effects of the housing bust have definitely been bigger and more abrupt than most experts had expected. Yet hopes are riding high for a benign adjustment. To quote Federal Reserve Vice Chairman Donald L. Kohn from a recent speech: “The economy will grow at a moderate pace for a while, somewhat below the rate of increase of its potential, and then growth will begin to strengthen.”

[…]

Mr. Kohn also takes comfort from the fact that the present housing downturn, in sharp contrast to past ones, is not caused by credit tightening. As he rightly stresses, “The Federal Reserve has returned short-term interest rates only to more normal levels and long-term rates are unusually low relative to those short-term rates.” We think, though, that he is drawing a totally false conclusion. All downturns caused by tight money were followed by vigorous recoveries. A downturn happening despite low interest rates and loose money seems to us the most worrying kind.

I grew up on Ayn Rand, Ludwig von Mises and the Austrian School of economics and Richenbacher to name a few. That is why the words of Ron Paul are so appealing to me.

Dr. Kurt Richebächer Austrian School of economics Ron Paul Mover Mike

The Seat Of Power!

I saw this at an architecture website, Babeczkaa. The language is unfamiliar to me and the regular translation sites don’t translate “bez komentarza

My thought was, “Why that’s George Bush’s seat of power! Those are going to be some big….shoes to fill, if Hillary is elected.” LOL

President Bush Sen. Hillary Clinton Mover Mike

What Are Conduits?

Here’s the headline carried by Reuters and the Washington Post, State Street faces exposure to conduits: report and the Timesonline has the story as State Street bank has highest exposure to conduits

State Street, the American bank, has been identified as having $22 billion (£10.9 billion) of exposure to asset-backed commercial paper conduits, the off-balance sheet vehicles that have caused severe problems for rivals in recent weeks amid turmoil in credit markets.

[…]

These conduits – packages of retail and commercial loans financed by short-term debt raised in the commercial paper market (asset-backed commercial paper
(ABCP) conduits set up in Europe by banks, mostly to invest in longer-term high-quality securities.) – have become of increasing concern to investors amid fears that banks will have to fund the debt from their own balance sheets if these vehicles are unable to sell on their maturing paper.

State Street has 17% of its assets exposed to $22 Billion of conduits.

State Street’s percentage makes it the most highly exposed bank to conduits among its European and American peers, the report added.

HBOS Plc HBOS.L (London Stock Exchange) is on the hook for $35 Billion and Standard Chartered also has exposure. Thisismoney.com writes

Banks find conduits attractive because they are an offbalance sheet means of financing their mortgage and other loan books by selling short-term maturity commercial-paper and medium-term bonds.

Seems to me that the banks have done what they always do that gets them into trouble, that is “borrow short and lend long.” Once again this tactic has bitten them. The asset-backed commercial paper couldn’t be rolled over because the quality of the collateral became suspect both as to quality and price.

STT appears to me to have formed a massive top in the last year amd may be abouy ready to break down.

Conduits State Street (STT) HBOS Plc

Wierd (sic) Rumors Happen!

The internet is buzzing with alarm over the report by Claire P. Metz that the 1st Battalion 265 Air Defense Artillery is mobilized for duty in Washington D.C.:

The 265th is part of Operation Noble Eagle.

They are ordered by the president to the nation’s capital, where they will operate high-tech weapons systems against any potential air threat.

I emailed Ms Metz and asked, Clair, are these troops replacing other troops or is something totally new to D.C.?

She replied, Mike, they are replacing a team from ohio… claire metz

Mike: Thanks for your reply. Shouldn’t that bit of information been mentioned in the story? Every kook in the country thinks Bush is about to declare martial law or is preparing for some terrorist attack.

It was reported… in the introduction to our piece… Thanks Mike

Clair that is not correct. Here is what everyone is quoting which is printed over your name. Where is your introduction?

Sometimes they shorten details for the internet… but it was there when we did the story Mike…

Clair I just watched the lead in and your report on the web and there is NOTHING in your report that says that they are replacing any outfit.

You judge for yourself:

Claire responds: wierd (sic) mike, because it was in there… i’ll check into it… claire

I Googled “Troops Deploy To Nation’s Capital” and there 1,170,000 entries. Besides just reporting the story, here are a few of the remarks:

Blacklisted news reports the story – BlackListed News is Your Total Resource for Real Uncensored Daily World News, Information, and Commentary

CRIMES AND CORRUPTION OF THE NEW WORLD ORDER NEWS – ALARM BELLS, ALARM BELLS, America!!!

Nowpublic – Could this deployment be in preparation for the upcoming protests in Washington on September 15th? Are these troops to be used against USA’ns who will be exercising their constitutional rights and responsibilities? I suppose we’ll know soon enough.

How many of you remember the Chicago riots?

Clipmarks – Life as we know it may soon be over folks.

I love this one: From Yahoo Answers:

Wow thats very interesting and also kind of scary.
This could actually be a sign of many things. Washington may have had a threat, Bush could be getting ready to declare a state of emergency, martial law, it could even mean Bush is staging a coup. Great question and link. Thanks

Edit: Rumor has it that they are deployed just in time for the big protest march on Washington in Sept.
http://www.democraticunderground.com/dis…

Claire P. Metz 1st Battalion 265 Air Defense Artillery Troops Deploy To Nation’s Capital Mover Mike

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Blogs For Borders Video Blogburst

The Newark MS-13 Executions: What they didn’t tell you!

100% Preventable! Illegal alien gang banger executes high school kids! Two year old stomped to death by illegal alien! Illegal alien pedophiles continue to swarm over our unprotected borders!

GBU: Elvira continues to threaten America from Mexico! Illinois Minutemen denied first amendment rights due to “conflicting viewpoints!”

Vote for us in the Blogger’s Choice Awards…(click on image)

Michelle Malkin puts out a call for patriots to contact their state attorney general and demand an end to sanctuary cities…here.

Technorati Tags: illegal immigration, elvira arellano, mexico, rape, murder, executions, new jersey, ms 13, gangs, drugs, carranza, amnesty, pedophile,

Too Many Cooks In The Kitchen!

What have Hillary Clinton’s words accomplished?

Hillary Clinton wants Iraqi parliament to put al-Maliki aside

“I share Senator (Carl) Levin’s hope that the Iraqi parliament will replace Prime Minister Maliki with a less divisive and more unifying figure when it returns in a few weeks.”

Iraq’s Prime Minister Nuri al-Maliki lashed out at Levin and Clinton:

“This is severe interference in our domestic affairs. Carl Levin and Hillary Clinton are from the Democratic Party and they must demonstrate democracy,” he said. “I ask them to come to their senses and to talk in a respectful way about Iraq.

President Mahmoud Ahmadinejad warned and said

“They rudely say (the Iraqi) prime minister and the constitution must change,” Ahmadinejad said. “Who are you? Who has given you the right” to ask for such a change, he added, addressing the U.S. critics of al- Maliki, who is also a Shiite.

How have Levin’s and Clinton’s public political statements helped us in this war?

Clinton Mid East Mover Mike

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