LONG LIVE THE QUEEN! Historically, value may be the price one is willing to buy and the other is willing to sell, but the RE market got "whip-sawed" because the "value" side was no longer a question of buyer "willingness to pay". The "voluntary" part was substituted by an involuntary, "money/credit market" price maximization scenario.
From my experience, although few "in the idustry" dared to agree with me before last week, Real Estate STOPPED being about "value". It stopped being about the "meme" of home ownership or the Great American "meme" and became underwritten as a "merciless transaction for transfering wealth from the middle and lower middle class to the people who control the creation of paper, overseas. So What? You say...there's enough to go around for everyone?
Look, the economy IS central to the Security of the United States so I find it absurd that the Homeland Security Dept is all about "cops & robbers & FEMA fraud. It's insane.
In another lifetime, zorro was an outside consultant for the FDIC to research fraud in the Savings & Loan industry in the State. I am ashamed to admit that when I found out what was really happening...where the money may actually be going...I just stood up from my desk...and walked out.
Nobody cared then and nobody cares now! So "the powers that be" that zorro used to rant about 4 years ago...are now moving onto stage 4 of their plan to overthrow the United States Federal System. Step One was to force the US off the Gold and tank Silver standard, so our dollars are backed by "nothing" but "memes" and "memes" on paper.
Step 2 was to install the Federal Reserve System which removes control over the "Paper" markets offshore. The US Mint is simply a "publishing company"...it prints dollar bills that are worthless. Without a manufacturing base to "create" value in the US ecnomy we desparately are forced to rely on "Credit" but the US Govt no longer controls the "Credit" World...the Fed Does and the Fed isn't part of the US Govt.
Step 3 was to tank the Savings & Loan and remove the last vestiges of US influence in the "money/value" markets. They did a great job their. I just want everyone to remember that the "investor" that got away with the largest amount of cash in a Savings & Loan failure...was "Neal Bush" George Bush's brother..Silverado Savings. Not one dollar of the $2.0 Billion was ever recovered.
Step 4 Crash the Mortgage Lending industry, at least the "US owed side". Remember, Wells Fargo is NOT controlled by US interests. I don't know about WAMU but I have doubts. The beauty of crashing the mortgage industry for a security standpoint is that it removes the largest single source for "cash" to the US "lenders/banking" industry.
Step 4 will be to crash the Banks/Stock Market. And you are letting them do it because you have bought this "offshore" thing HOOK, Line & Stinker! What's happened in the Mortgage Industry isn't a "Crime".."it's an attack"!
In fact, RE Value stopped being about "comparables". Location, location, location is nearly irrelevant. The proof lies in our state where used homes in our community with the #1 elementary school district and the leading per capita income, being the #73/100 best blaces to live in the US is priced at or below a community 23 miles away with a school district that is among the lowest performing...and has among the lowest income level in the state.
In other words, the locations with the lowest income seem to be paying far too much for their new and used homes. They are SEcurity Targets! Yes, prices are adjusting but the disparity remains obvious.
What's going on today (8/16) on Wall Street isn't a "slide" it's not even a correction...the "anti-value" meme is out of the bag. It's all about anti-value and keeping out of Blue Chip Bankruptcy. Then again, isn't Bankruptcy just another substitute for the "Ultimate Free Market".
Today marks the "end of the Wall Street, anti-value meme as we know it. Every cat should now have "cleared the bag". The positions are obvious.
Oh sure, a British Citizen buys the Wall Street journal! If you really knew the history of Wall Street you'd already know it's controlled by London, to begin with...at least through the "Morgan Syndicates".
In my book, a "sell off" is the intersection where the "meme" of "commoditized" real estate values hits reality. Even "Fresh Air" and EPA Compliance are commoditized. It's just legalized "gambling"...that's all a "short" it. Although Oil and Gold were the primary "flotation/storage devices" for all the Faux equity that the market was creating, the question remains...where is the paper going?
But now GREAT MEME GODDESS of MONEY, KALI-MAKA with Two Horns and 6 arms...is ringing the sale Cow bell 3x faster than the Bully "buy" bell! Simply put...we've all been living and earning wages in a "value-based" world...while spending in an "anti-value" world in a fundamentally fatally flawed system in which there can be no Long Term stability. The real question remains...just how little value is left anywhere.
Berkshire Hathaway, owned by the corporate personage who went on record to say "NO" to sending water to the People in New Orleans, is flying higher than an Eagle. As I watched, "Berk-Hath" soared to $113,000 a "private all-meme high".
When Rome "burned" the tragedy wasn't that the buildings collapsed. The historical lesson to be learned from the "Burning" of Rome was the lesson that if we rest on our laurels for a few hundred years..and fail to create any "real wealth" within our own borders...we lose.
Once the "fire" was out..Rome's previous POWER did NOT rise Phoenix like from the ashes. The Senatorial Families and an entire society built and based on the great "trappings" of ancient wealth, position and family...even education...simply did not have enough capital to replace the buildings to the standards to which they were originally built, hundreds of years before.
Why? Becauses the primary "Creater Of Value"...was moved "Offshore From Rome". In 600 AD "manufacturing didn't create value...the "Spice Trades" did. And who was controlling the "Spice Trade"? It wasn't Rome. The Crusades were all "sponsored" by Guilds who were trying to cut out "Venice" & Amsterdam as the middleman for the Spice Trades.
Oh, I know...it must sound so "mundane" to you...especially with your Biz Degree from Yale or Bryn Mawr..but the meme..."variety is the spice of life" was only 1/2 right..Spices ARE LITERALLY LIFE. And you need to control your SEAPORTS to be able to "tap into the trades". We "transferred the control of our ports to "Abu Dhabi"!
I know it sounds "nuts" but the value of the Spice trade is virtually immeasurable. Before Rockefeller's "medicine show" began creating medicines from oil residue...every person ever healed from disease by "medicines" came from the middle east and China.
In fact, NO religion, that I can think of can be practiced to day without "spices". Spice controls the the Censure Lamp of the Catholics...Frankincense and Myrhh. No one can be buried in some religions without Red Ocre. Without Salt we all die! Tea...coffee! The quality of "life" in general comes through our port systems...and yet we've turned our backs long ago...and we "substitute" the holding of pieces of "paper"..."stock certificates" as our primary asset.
We are holding on, for our dear financial lives, to "nothing"...a shadow. We have given away ALL that is America. The infrastructure is crumbling...because the people who have the obligation to protect it..know that "America" is a lost cause.
As a nation of people, as individuals, as neighbors, we are trapped in a "terrible" transitional period that is at this moment beyond our control. The people who now control our policy have built in an agenda where America is slowly "dissolved"...reassumed into the Global political system from which it emerged.
Those who now control our Senate, our Foreign and Domestic policy are mostly complicit in the Agenda. Most of their families are "invested" in the Agenda. Certainly the Chase's (Hillary); the Rockefellers; Du Ponts...even "Nascar" is just a memetic distraction from the awful truth. Tom Cruz was right!
Once Venice took over, the families that controlled the Ports and owned the ships never let it revert back to the middle east with the Jewish as the middle men between the Arab Travelers and the Chinese. By the 700's the Venicians and the Genovese took over the "distribution rights" of the Spice Trade...and then Venice conquered Genoa...just before "Columbus" sailed.
Venice took over the "trades" in Amsterdam, then London, then Scotland and now...they are going to Abu Dhabi. and taking most of the Louvre with them.
Whosoever controls the "paper" controls the world. Who controls your world?
Credit is simply a substitute for "paper" and "paper" is a substitute for "value" and "value" is a substitute for "manufacturing" and "Manufacturing" is a substitute for "internatonal trade". It's just that simple...and WE" don't control one single element in the chain. It's about Homeland In-Security.
It needs to be about "creating value" and you can't do that without a "manufacturing" base. The only thing the US can create is "inflation"...and we apparently need someone from the World Financial Market to help us keep THAT under control.
Nero was a "Meme" Master extraordinaire...but he couldn't hold a candle to "Greenspan" and "Bare-naked", the New Fed-Head. If you believed President "George" Nero...you would believe the CHRISTIANS torched Rome. Remember, "MEMES ARE IMMORTAL. The "Law of Memes".."memes can neither be created or destroyed but ONLY CHANGED IN FORM...and re-memed".
Warren Buffett is profiting from this 7/11 on Wall Street. I'm not so sure the Greatest Corporate Icon of the Anti-Value World... is the place to shelter from an "Anti-Value Fire Storm> I probably am sadly mistaken but I think B-Hath is the most over-valued stock Wall Street has EVER known...since the Slave Trade of the 1600's. The value of "Slaves"...turned out to be an "anti-value" meme, as well.
Although the Black slave trade was outlawed by the Emancipation Proclamation and subject civil rights legistlation...the US Supreme Court over turned it. It took another 100 years to get it back. In fact, "White Slavery" wasn't outlawed by Congress until 1930's. Hey! "SHOW ME THE VALUE".
Let's face it...if people will fight wars and die to stop you from taking a profit on a specific commodity...you are investing in an "anti-value meme", you reached the "marking point"...the "bench mark" is clear...Change COURSE!
The "ethic meme" has market value. It has no "cash value", no "paper value", no "credit" value...but it has "human" value...derived from "experience". But the bad news is....the "ethic value" is the ONLY thing American's have left...that they can call their own.
America isn't about conquest! Conquest is the "Traders" game. Experience is the Long Term Builder...Greed is the Short Term Destroyer... and "TRUMP" is just a French word for "FALSE"! So, I wonder if Wall Street & 40.07th avenue going to find it's TRUMP bottom with both hands...or will the slide stop sliding?
I'm probably wrong to predict it but just perhaps, the great "meme" Goddess Kali-Maka says the two towers of "Sand-Bag & Greed-MORE-a" (read Google & Berk-Hath) may be about to implode, level by level, with the economic dust reaching reaching HIGH into the atmosphere.
But...i suspect the very same meme that's creating the "memetic chicken littles" in the Credit Industry are the very same "double-breasted skinless weiners" that says Berk-Hath is the most stable "roost" in an "anti-value" world.
Right now, the only thing holding up the roost is a massive cash influx of trillions of dollars...up $1,300 points today! But, what happens when the "influx" stops? What happens if, when the "chicken wings stop flogging the air"...they find that there are no "Coops" to be safe from the Chicken Hawks and FOXES, (zorro's) that are lurking?
Well, sometimes it's more profitable to win $50 pots, more frequently, on a "nickle machine" than it is to win $50 pots on a $5.00 machine. In other words, B-Hath may actually be "B-Hath-Not. Then again, don't listen to me...(ie..the Great Wall Street Casino/ATM Value System) we're just broke and jealous.
Some people say the left wing is "stupid"...I say the right wing may be smarter but incapable of communicating any thing that makes sense. A few hundred years ago, a man named Russell invented this damn system you call Global Capitalism! Yup...he scripted in automatic Peaks and Valleys which are designed to keep the prices of "silver, gold and uranium" and other commodities, goods and services from costing $1,000 a oz..or a $100 M and hour.
In a nutshell, Russell was on the payroll of the British Crown. In those days, the British Crown was very, very wealthy and owned nearly every company on earth...! The French, Portuguese, Spanish and Dutch were late comers to the "corporate entity-Stock company". You see, by creating a "global economic system" the British Crown could be "vouched safe from loss" in nearly every "market of the world. It could be protected from "sabotage", "from intrigue"...from "loss" in general from it's enemies. It was an ISSUE of HOMELAND SECURITY.
(Of course, our homeland Security czar was just wathcing over horses asses. That's not a problem for me...but I find it particularly galling that it was "Arabian" horses asses)
The Queen/King decided it would be a good thing to make sure that prices drop every so often to keep the sales of "uranium" high! Bankrupting your buyers is extremely profitable in the short term. But, unless I miss my guess...the British Crown was "in trade" for the "long term".
Basically, the entire global capitalistic system is "front-loaded" to provide profits to LONDON (read-New Venice) who hold the markets in ALL commodities of value. In concert with the "few individuals" who create the "paper" that keeps the "Credit Market afloat"...they want to stop now.
The Global Capital system, to which Wall Street plugs into and which is managed by the Tri-Lateral Commission and the Council on Foreign Relations...isn't interested in "protecting" you any more. Their bosses are moving to "Abu Dhabi" because based on prevailing science the radiation will be almost zero.
Yes, Virginia...Venice has a plan for you. If you still think I'm nuts about this "Value, Trade, Spice Manufacturing thing"...just remember...even the "Winds" have names..."The Trade Winds". The Trade Winds are blowing but we no longer have "treaties" to harvest the spices, we no longer have cash to buy and we no longer have ships to sail, we no longer have ports to dock or drydocks to build, or manufacturers to create the sails. We're out of touch and out of time.
Wouldn't it be a hoot if the entire Global system of Capitalism was just a secret form of "economic Feudalism" in which Wall Street has sworn it's "capital oath of global fealty" to the GREAT CASH LORDS in LONDON!?
Yup! Some on Wall Street fought tooth and nail to stop it!. But even $873 TRILLION in GOLD value can't stop it...nothing can. If the world was what Zorro wanted..we'd all buy "Silver"...! But if we do that, then they'll have to kill us all.
It's not "dog eat dog"...international global capitalizm is "kill or be killed"...War is on the way! We can't afford peace! Bring on the draft and elect Dick Cheney, President...the man can KICK ass without conscience!.
No...Bless Your Hearts...you're stuck. We are entering a period I like to call a "test of faith"...the "will, ego and liquidity" no longer write the wrongs or the rules. Hold on, Mr. Buffett, it's going to be a bumpy ride...but there is a solution.
Perhaps you better give ALL of your stock to Gates TODAY! while the write off still has value. SO THAT'S MY TIP OF THE DAY! IF YOU WANT TO LOCK IN PROFITS...DON'T SELL, DONATE YOUR STOCK TO A CHARITY! GET THE WRITEOFF IT"S BETTER THAN A 70% LOSS!
Yes, virginia...
Zorro Is A Russell!
and a (Payne), but you already knew that!
(The Anti-Legacy!)
WOULD ANYONE ELSE CARE TO DE-MATERiALIZE THE YALE ENDOWMENT!
poof! posh spice!
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