A Video That You Absolutely, Positively Do Not Want To Miss

Greetings,

There’s a lot of things happening right now, but I want to take a moment to mention what I consider to be the most important.

Those of you who know me also know that I hold pretty conservative views. It’s not very often that I would agree with those that hold a liberal stance. However, I would encourage you to view the following video. It’s the Bill Moyer’s Journal show, and he has on two guests that you would not find at a Sarah Palin dinner. One of these is Marcy Kaptur, a democrat congresswoman from Ohio. The other is Simon Johnson, who used to work for the International Monetary Fund (IMF) as the Chief Economist.

Folks, if you REALLY want to understand what is going on with the banking system then watch this video. It’s 30 minutes in length and is beyond tremendous with regard to Congresswoman Kaptur’s and Mr. Johnson’s presentation. They both have brilliant economic minds. Please put politics aside for a little while and watch this video. It will open your eyes – and it is very much along the lines of what I’ve been trying to teach. I’m going to watch it two or three times – it’s that good.

Bill Moyer’s Journal

We will be seeing the results from the Massachusetts Senate race this evening. Everyone is pondering what effect this race will have on the Congressional Health Care Plan.

I want to reiterate my position that Congress will do anything necessary to pass this bill – and it has nothing to do with health care. This is the source of funding that they are counting on to keep America’s economic shell game going for a little while longer. They need to spend money as fast and as furiously as they can. To do any less will be to see our nation spin quickly into a depression. Government spending is the only thing allowing us to pretend like we’re not already in one.

If health care fails to pass for any reason whatsoever then look for two things to happen. First, our economy will begin to very obviously spiral downward – with more states having extremely severe budget shortages. Second, Congress will need to come up with a plan to go after retirement plan money, under the guise of “protecting” the American people. They’re already doing this to some extent, but it will need to take center stage without health care.

Have any of you wondered why Obama is going to sign a budget this year that includes the largest amount of defense spending in our history? Wasn’t he going to bring our troops home? The answer is that military expenditure is a GREAT way to spend LOTS of money very quickly. Haiti was a tragedy, but very opportune for our government. Watch how many resources they use. They will spend as much as they can. To do anything else would risk the destruction of our government’s greedy power structure.

Are the Republican’s without blame in all of this? After all, they’re not voting for the health care bill. Of course they have blame. They’re the major supporters of the banking system lobbyists. They’re the ones that worked to repeal the Glass-Steagall Act on November 12, 1999, which allowed investment and commercial banks to comingle.

We as citizens need to come together on the things we can agree on. Namely, that banking institutions, along with our Federal government, have been using us as economic slaves for their personal gains. We need to take our nation back – and we had better do it soon before it’s too late.

One of my readers sent along this link for Bank Safety. This is due to the estimation that there will be around 200 bank failures in 2010. I would caution against thinking that any bank is truly “safe”. The small print on all demand deposit accounts states that a bank can take their time in getting your money back to you. It is not really “on demand”.

What we need is an alternate way to have an honest economy with at least a part of our wealth. More ideas on that another time.

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Watch for these indexes to drop:

Chinese Shanghai Composite Index: 3,246.87 (change of 0.61% from July 20, 2009 base value of 3,266.92)
Shenzhen Stock Exchange Component Stock Index (SSE): 13,350.67 (change of 0.23% from July 20, 2009 base value of 13,381.22)
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Here are today’s numbers for the economic indicator:

1) Gold = $1,137.60
2) Silver = $18.76
3) Dollar Index = 77.50
4) Oil = $79.02
5) S&P 500 Index = 1,150.23
6) 3-month Treasury Bill yield = 0.04
7) 3-month OIS = 0.14

HEI = 29.35

(A value of under 100 indicates deflation, while over 100 indicates inflation – as referenced to Sept. 12, 2008…the day before Lehman Brothers collapsed)

__________________________________________________________

Here are the numbers for the day:

Dollar Index adjusted indexes:
Dow = (10,725.43) x (0.7750) = 8,312.21
S&P 500 = (1,150.23) x (0.7750) = 891.43
Nasdaq = (2,320.40) x (0.7750) = 1,798.31

3-month Treasury: 0.04

2-year Treasury: 0.89

10-year Treasury: 3.69

30-year Treasury: 4.59

2-yr vs. 10-yr Spread (Target > 273): 280 basis points – (Danger Zone)

2-yr vs. 30-yr Spread (Target > 369): 370 basis points – (Danger Zone)

3-month LIBOR: 0.25

3-month EURIBOR: 0.68

3-month OIS: 0.14

TED Spread: 21 basis points

LIBOR/OIS Spread: 11 basis points

Dollar Index: 77.50

Volatility Index: 17.58

JPY-EUR Exchange Rate (Target < 115): 130.2094

JPY-GBP Exchange Rate (Target < 145): 149.1244

JPY-USD Exchange Rate (Target < 90): 91.139

USD-EUR Exchange Rate (Target < 1.25): 1.4287

USD-CNY Exchange Rate (Target > 7.0): 6.8277

Warmly,

Brad

Comments or questions? brhamill@hamill.com

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