Archive for September, 2008

Avalon Acres - Financial Permaculture

Another reason to come to Financial Permaculture is to hook up with one of the fastest growing CSAs in Tennessee, Avalon Acres Farm in Hohenwald, Tennessee.


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How to Influence Your Congressperson

By Carolyn Betts, Esq.

WHAT CONGRESS IS GOOD FOR THESE DAYS

Not much, it seems, given that we have what essentially amounts to a single-party system (i.e., the corporatist party).  However, the Bush Administration needs Congress’s imprimatur in order to carry out the proposed highway robbery in the Emergency Economic Stabilization Act of 2008 (better known as the “$700 billion bail-out”).  Yesterday, Congress voted the wishes of the American people for a change.  My suggestion is that each of us finds out how our congressional representative voted (see the vote count, which we will be posting elsewhere on the blog from time to time as available) and acts accordingly.  I called my congresswoman this morning with a “thank you, hang in there and I’m sending a contribution because I believe in voting with my money” message.  Catherine reports she is sending a $100 campaign contribution to her congresswoman.  If your congressional representative was a sell-out to the corporadoes, perhaps an “I’m sending a campaign contribution to your opponent” message would be a good idea.   Money talks.

Continue reading ‘How to Influence Your Congressperson’

Treasury Conference Call

Please seed and spread around!

http://www.nakedcapitalism.com/2008/09/mussolini-style-corporatism-in-action.html

This is an audio recording of the conference call with the US Treasury Department, giving information for financial analysts regarding the planned financial bailout legislation. Apologies for the audio quality - it was recorded using a mini digital recorder, half with the microphone and half with an inductive pickup. The first minute or so is cut off (we were too slow!), but the rest is intact through the end.

UPDATE: Now also posted on youtube in five parts

Memo found at: http://dealbreaker.com/2008/09/treasury-to-hold-conference-ca.php

Or read it below.
Continue reading ‘Treasury Conference Call’

Paul Newman: 1925 - 2008

A great man died today—he left us with a family, movies, businesses and gifts that will bring joy for centuries to come. Let’s take a minute to give thanks for his life and say a prayer for him and his family.
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Paul Newman Dies at 83
By Michael Sragow - Baltimore Sun (28 Sep 2008)

Paul Newman at Wikipedia

Wall Street to Main Street: Who Needs You?

Fed Pumps Further $630 Billion Into Financial System
By Scott Laman & Craig Torres - Bloomberg.com (29 Sep 2008)

Adjusted Monetary Base - 25 Sep 2008
St. Louis Federal Reserve

Financial Sense Newshour- Jeffrey Christianson

Main Street to Wall Street: Drop Dead

U.S. House Rejects $700 Billion Financial-Rescue Plan
By Allison Vekshin & Laura Litvan - Bloomberg.com (29 Sep 2008)

Bumper Sticker Brainstorm

One of our network members is keen on producing a bumper sticker to express our opposition to bailouts and the institutions engineering them. We could use your help in coming up with a pithy slogan for a great bumper sticker. So far, we have considered:

Delete Wall Street
Delete the Fed
No Bail, No Bail Outs
Jail Time, Not Bail Outs
Refunds, Not Bail Outs
Where is the Money?
Where Would Jesus Bank?
Would Jesus do Bail Outs?

Who Would Jesus Bail Out?

As you can see, we need your brainpower!

Rumi and Bates

Sit down and be quiet.
You are drunk, and this is the
edge of the roof.

~ Rumi

This wonderful quote from Rumi was brought to our attention by the amazing Albert Bates. Albert is one of the reasons why you want to join us at Financial Permaculture: the Greening of a Rural American Community.

Albert Bates is a permaculture and appropriate technology instructor at the Ecovillage Training Center in The Farm community in Summertown, Tennessee. He is founder and past-president of the Global Ecovillage Network and a member of the International Biochar Initiative. Determined experimenter for 35 years, inventor of solar cars, pedal flour sifters and cylindrical tofu presses, and author of a dozen books, including Climate in Crisis: The Greenhouse Effect and What We Can Do, and The Post-Petroleum Survival Guide and Cookbook: Recipes for Changing Times (2006).

Continue reading ‘Rumi and Bates’

Money & Markets - Week of 9.29.08

Hidden in the Emergency Economic Stabilization Act of 2008
Daily Paul (2 October 2008)

Franklin Sanders: Somebody’s ‘painting the tape’ with gold and silver
GATA & The MoneyChanger (2 Oct 2008)

Mussolini-Style Corporatism in Action: Treasury Conference Call on Bailout Bill to Analysts
Naked Capitalism (30 Sep 2008)

House starts debate on bailout bill
Reuters (3 October 2008)

Commodities Head for Biggest Weekly Decline in Over 50 Years
Bloomberg (3 October 2008)

Is Bank Of America Warning Of A Bank Holiday?
Clusterstock (2 Oct 2008)

Paulson Bank Rescue Proposal Is `Crazy,’ O’Neill Says
Bloomberg (1 Oct 2008)

Fed considers rate cut as recession fears mount
Wall Street Journal (2 Oct 2008)

Greece joins stampede for Europe-wide bank bailout
The Telegraph GATA (2 Oct 2008)

The Invisible Hand and the Pox Known as Usury
Gold$eek (3 Oct 2008)

The $55 trillion question
Fortune (30 Sept 2008)

Comex prices aren’t real, so root for them to go to zero
GATA.org (1 Oct 2008)

France seeks €300bn rescue fund for Europe
Times Online (2 Oct 2008)

Europe’s banks more leveraged than U.S. banks
The Telegraph (2 Oct 2008)

Momentum grows to ease mark-to-market accounting rules
Wall Street Journal (2 Oct 2008)

Bush signs off on loan package for car industry
Sydney Morning Herald (1 Oct 2008)

Produce The Note “How-To”
The Consumer Network Warning - Video Collection

Sludge Report #185: The iDeal
By Alastair Thompson & Jim Cousins - Scoop Independent News (1 Oct 2008)

Dodge & Cox Loses $2.5 Billion on Wachovia
By Muralikumar Anantharaman - Reuters (29 Sep 2008)

Small Banks Offer Loans in Tight Market
By David Gelles - Miami Herald (Sep 2008)

Is Purchasing $700 Billion of Toxic Assets the Best Way to Recapitalize the Financial System?
Nouriel Roubini - RGE Monitor (28 Sep 2008)

Protests on Wall Street—Not Seen on MSM
By AZGuy - HubPages

U.S. House Rejects $700 Billion Financial-Rescue Plan
By Allison Vekshin & Laura Litvan - Bloomberg.com (29 Sep 2008)

First Draft of Economic-Rescue Package
FoxBusiness.com

Hedge Funds Grudgingly To Reveal U.S. Short Positions
By Rachelle Younglai & Jennifer Ablan - Reuters (28 Sep 2008)

Rescuing AIG, U.S. Saved Golaman Sachs $20 Billion
By Gretchen Morgenson - New York Times (28 Sep 2008)

Angry Whitehouse Meeting Roils Wall Street Bailout Talks
By Kevin Drawbaugh & Thomas Ferraro - Reuters (25 Sep 2008)

Pin the Tail on the Assets
At hustleandflow.com

Why Mark-to-Paulson Accounting Won’t Save Banks
By Jonathan Weil - Bloomberg.com (25 Sep 2008)

Stopping a Financial Crisis, The Swedish Way
By Carter Dougherty - New York Times (23 Sep 2008)

Bailout Protesters Send a Strong Message to Wall Street
By Jeremy Scahill - AlterNet (25 Sep 2008)

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Using A Self-directed IRA to Invest In Real Estate or a Small Business
At SmartMoney.com (25 Sep 2008)

Institute for Truth in Accounting
truthin2008.org

Let’s Play “Wall Street Bailout” The Rules Are . . .
A YouTube video - Rep. March Kaptur speaking

Banks and Thrift Screener - Bank Ratings
At TheStreet.com

Does U.S. Face a Run On Its Currency?
By Ambrose Evans-Pritchard - London Telegraph (23 Sep 2008)

Hedge Funds Suffer Mass Redemptions
By Nick Clark - The Independent (23 Sep 2008)

Only 28% Support Federal Bailout Plan
Rasmussen Reports (22 Sep 2008)

Goldman to Raise $7.5 Billion From Berkshire, Public
By Christine Harper - Bloomberg.com (23 Sep 2008)

Caveat Speculatores
By Jon Nadler - Kitco (23 Sep 2008)

Sorghum Festival, October 4th

I went down to Burton’s Sugar Farm in Northern Mississippi outside of Memphis this weekend. This is my third visit to the Sugar Farm and each time I come away thinking that was the finest catfish and hush puppies that I have ever eaten. Their annual sorghum festival is coming up next weekend, so if you are in the area, this is one for you and the kids.

Visit their site >>>