This image below is somewhat off topic, but I like how it illustrated the USA's relationship to China, yet another broken part of our society.
Currently listening to: E-40 "It's all bad"
First off, can the internet be turned off in America? Secondly... Obama is completely isolating his base (which was built from an online buzz) by supporting this outrageous idea.
According to KurzweilAI.net, the internet is too decentralized in America for the switch to work like it does in Egypt where they just call the top 6 ISPs and there's no connectivity in under 1 hour.
What kind of a world do we really live in? If you think we have moved on to a new era of enlightenment and the Egypt, Tunisia style riots can't happen here; consider the following from ZeroHedge.
Jim Rogers, in his latest interview, cuts right to the chase: "I don't own many equities, because I don't know what is going to happen in the world economy. I expect more currency turmoil, more social unrest, more governments collapsing. So I am investing in currencies and commodities rather than stocks." Pretty much like everyone else, as we have been suggesting for quite a while. Rogers snaps at the trademark CNBC question of what he would be investing in: "I have been explaining to everybody on CNBC for a year and half or two now that food prices are going to go through the roof, they're going to explode. We have serious shortage of everything developing, including shortages of farmers... The average age of farmers in one major agricultural state is 58 years old. In 10 years it will be 68 years old. In parts of Japan they have no farmers... It takes 7 years for a coffee tree to mature. Orange trees, palm trees: you don't just suddenly snap your fingers and suddenly get some more palm oil. All of this takes time." So all those who believe that the surge in people rushing to fill the ag arbitrage holes will produce immediate results, may need to wait 3-7 years, dependant on access to manure.
On whether this is not a demand-led inflation in commodity prices:
Whenever governments have printed money throughout history, people put their money in real assets, whether it's rice or silver or natural gas. People protect themselves, they don't just say "give me some more paper money." And if you say it's not demand: go to India, go to China, see how people are changing their lives and using more." As for supply: "Commodities are based on supply and demand. You can have demand go down, but if supply goes down more you are going to have a bull market."
Not surprisingly, Rogers see oil at $150, and the exchange between Rogers and some CNBC guy discussing the role of speculators (it is all the evil speculators' fault, never the Chairsaint) is worth watching the clip alone.
Rogers' response to CNBC's desperate attempt to get him to list a stock or two for the lemmings to buy into, the response is priceless: "Commodities have outperformed stock by 10 times over the last 10-12 years. Why aren't you doing only commodities. It's outperformed stocks by 1,000%. To me it's pretty simple, you should change the name to CommoditiesNBC."
And, finally, his response to what his stock exposure is is not what CNBC wanted to hear. "I am short emerging markets ETFs, short Nasdaq ETFs."
Brilliant as always.
Remember when Tunisia collapsed, the president fled with 1/4 of the countries gold reserves. In Egypt gold was intercepted in airports hidden in pillow cases.
So what's going to happen when our welfare state finally cracks? Where will you flee to? You wont be able to escape with your gold, your dollars will be worthless and then we see why Obama is pushing for an internet kill switch.
Because at your most hopeless moment you will find yourself trapped in this rat cage that we call the USA and this text will never leave your Droid.
"Hey bro let's skip the gym today, there's a violent squatter in my car."
Buy gold, guns and stockpile canned goods.
Peace out for today,
Cocaine Bear
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