Reading the Solari webstats is always a fascinating prospect.
Ever since the sub-prime meltdown last August, the big mystery when I fire up my systems each morning is guessing who will be the largest identifiable user of our websites over the last 24 hours. Invariably, it is either Fannie Mae or Goldman Sachs. It is always interesting to watch the speed at which they come in, often together, and to compare who is in the headlines relative to which one is the largest user this week.
Over the last week, no surprise, Fannie was by far the biggest user.
Occasionally, the Federal Reserve will rise in the stats to a high position. Otherwise there is a standard top twenty of the large banks, investment banks and defense contractors.
Generally, whenever a firm is rumored to be in trouble, hits increase from that firm. So when Bear Stearns hit the skids, more hits from www.bearstearns.com. When Lehman is rumoured to be going down, more hits from www.lehman.com. I figure when the smite button has turned in your direction and your bonus and stock options are in play, that is the time when people really want to know what is going on.
You are all most welcome. We want everyone to know the real deal.
Schwarzenegger Orders Cuts Amid Fiscal Crisis
By Don Thompson - Associated Press (31 Jul 2008)
Fannie’s Favorite Son
By Matthew Lewis - The Center Blog PaperTrail (28 Jul 2008)
Brace for More Bank Failures
By Robert Morley - The Trumpet.com (Sep 2008)
Fed Discount Loans to Commercial Banks Rise to Record
By Scott Lanman - Bloomberg.com (24 Jul 2008)
The St. Louis Fed’s ‘adjusted monetary base’ jumped to 9.7% annualized compound growth.
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Money Supply (MZM) at 24 Jul 2008
St. Louis Federal Reserve Report
~ Previous blog posts on MZM: (1) (2) (3) (4) (5) (6) (7) (8) (9)
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Nationalize Freddie and Fannie, Greenspan Says
By Steve Matthews - Bloomberg News (31 Jul 2008)
N.Y. Fed Expands Push to Stem Risk in Derivatives
By Shannon D. Harrington - Bloomberg.com (31 Jul 2008)
Russia to Centralize Control of Grain Exports
By Javier Blas - Financial Times, London (31 Jul 2008)
Stressed Banks Borrow Record Amount From Fed
By John Parry - Reuters (31 Jul 2008)
Pilfered Dreams: The Story of Student Loans and Sallie Mae
At PeakOilBlues.com Blog (24 Jul 2008)
Should I Default on My Student Loan?
At PeakOilBlues.com Blog (28 Jul 2008)
Inflation in Europe Reported at 16-Year High
By Fergal O’Brien - Bloomberg News (31 Jul 2008)
Central Banks Extend Emergency Credit; Rate Hikes Less Likely
By Glenn Somerville - Reuters (30 Jul 2008)
More Than a Helping Hand
By James Turk - GoldMoney.org (30 Jul 2008)
U.S. Treasury to Boost 10-year Note Sales As Fiscal Deficit Swells
By David Lawder - Reuters (25 Jul 2008)
KKR Braves Markets To Go Public
By Megan Davies - Reuters.uk (28 Jul 2008)
Disaster Capitalism: State of Extortion
By Naomi Klein - The Nation (1 Jul 2008)
Merrill Analyst Sees Goldman Bank Buy More Likely
By Joseph A. Giannone - Reuters.uk (28 Jul 2008)
As Costs Rise, Inflation’s Next Front is Retailers
By Ellen Simon - Associated Press (27 Jul 2008)
Sludge Report #183: Sunshine on a Cloudy Day
By Alastair Thompson - Scoop Independent News (24 Jul 2008)
Conducting the Philanthropic Dialogue
By Phil Cubeta - Gift Hub (22 Jul 2008)
CFTC Charges Optiver Holding BV, Two Subsidiaries, and High-Ranking Employees with Manipulation of NYMEX Crude Oil, Heating Oil, and Gasoline Futures Contracts
Press Release: U.S. Commodity Futures Trading Commission (24 Jul 2008)
U.S. Central Banking is Now Just Ruthless Patronage
By Jim Willie - Market Analyst (24 Jul 2008)
Foreign Treasuries Just Starting to Notice U.S. Debt Catastrophe
By Jamil Anderlini, et al - Financial Times, London (24 Jul 2008)
Federal Money Managers See Positive Investment Returns
By Katherine McIntire Peters - GovermentExecutive.com (22 Jul 2008)
Congress’ Bailout Opens Doors to Eminent Domain Seizures
By Bob Unruh - WorldNetDaily.com (26 Jul 2008)
British Treasury Planning Huge Rescue for Mortgage Lenders
By Edmund Conway - London Telegraph (27 Jul 2008)
California Plan for Church Finance
By Phil Cubeta - Gift Hub (3 May 2004)
For those of you following the censorship of Community Business on Flashpoints by KPFA and the finances of KPFA and Pacifica Foundation including their tax-exempt status, federal government funding, banking and endowment investments, I thought I would post recent developments.
The person who wrote a letter accusing me of of self-dealing has written a letter retracting his statement and apologizing for — among other things — not knowing my name. See his letter posted near the bottom of comments at Censored.
KPFA management has not returned my calls, so I have not spoken with them. However, I have been informed by Flashpoints staff that KPFA still will not let me return to the show.
My understanding is that Flashpoints may only have academics and not-for-profits to discuss economic issues. Small business people are not permitted to discuss economic matters on the show.
Stay tuned….
July 30, 2008 at 12:07 pm
John:
My assessment is that 90% of the value of the U.S. dollar comes from the U.S. military. After we had our satellite systems in place, Cheney said “deficits don’t matter.” The US debt and deficit financing is no longer a debt system. It is a global taxation system.
Catherine
John wrote:
Could you expand on this thought just a little? This is one very sober line of reasoning.
Continue reading ‘The Military Holds the Dollar Up’
July 30, 2008 at 11:07 am
The Engine Room of American Monetary Policy
By Rob Kirby - FinancialSense.com (28 Jul 2008)
“Who hasn’t heard of the Federal Reserve’s vaunted interest rate policy group, the FOMC? We’re all aware that this group is constituted of Fed Governors who meet every-so-often and at the conclusion of their meetings, make an “announcement” regarding their target for short term interest rates or the Fed Funds Rate. Accompanying the decision on interest rates, there is typically a simultaneous release, or statement, espousing the views of the governors who make up the FOMC – which is short for Federal Open Market Committee.”
Read more >>>
When I was wealthy, I would occasionally commission artwork. While I am rebuilding my wealth, I am going to post the people I intend to commission. One of my dearest friends, Susan Johann, is a photographer. Her beautiful flowers and angels are framed throughout my home. Take a look. Her work is so, so beautiful.
Susan’s website
July 28, 2008 at 10:07 pm
If a Single Household Loses $250,000, a Community Loses $3.3 Billion
As someone who lives in a rural community where everyone knows everyone else, I love to see people and communities prosper. In my frequent travels across the country I often find it heartbreaking to walk or drive through communities and identify all the financial drains, particularly those that could be prevented. It is a bit like watching many vats of wine in a vineyard being emptied of thousands of gallons — collected and stored over a lifetime of work — without being able to persuade the owners to turn off the spigots.
Continue reading ‘Positioning Your Assets: Is Your Community Waving Goodbye to $3.3 Billion?’
July 28, 2008 at 10:07 pm
In our new audio seminar, Positioning Your Assets for Growth in Uncertain Times, among the many issues we address are one of the risks of holding your savings in a currency that is falling in value relative to other currencies and real things.
Continue reading ‘Positioning Your Assets’
Eclipse This Friday
NASA Eclipse Web Site
Solari Eclipse of August 1, 2008 - at Wikipedia