I miss you dearest Robbie

Dearest Robbie,

I do hope you understand that most people that read my blog have no idea who you are or why I love you so. You were so supportive of me at a time when I needed some reassurance. I miss you. I am glad that you still read and enjoy my musical selections. If you are ever going to Vegas, we still have to get together so I can show you the town. Some more music for you. You may recall that I wanted to send a letter to a lady and did not. She has since passed away from some disease, this is the music that all makes me think of her. I don't even know why; but, I hope you enjoy it.

YouTube - Steely Dan - Aja (1977) Full Album

Keep watching the markets, look for confusion.

I don't know exactly it will all begin. It is not as obvious as the housing bubble or the stock crash before. There are too many balls in the air at once. What we are seeing in the media is either "everything is okay" or "the crash is coming". I don't think it is that concrete. I believe we are going to implode; but, I don't think it is all at once. It could be; but, that is not how it usually works. It crashes by industry, one goes and then another goes and then another goes. The housing bubble burst months before the stock crashed.

Here are somethings that people are saying.

Silver Doctors - Jim Sinclair: Entire US Banking System Missed a Bail-in Collapse by a Hair Tuesday!. I don't agree with everything he says and I don't believe in buying precious metals nor do I nor will I ever sell anything on the blog. I think a "bail-in" is coming because the IMF, FDIC and Bank of England have all said so; but, as I said previously, I expect a lot of volatility in the markets first.

InvestmentWatch - 100% Chance Of Stock Market Crash Coming Near Future. Listen to what the guy says all the way through. Again, I don't agree with everything he is saying; but, he states a lot of things that are underlying facts and gives the references.

InvestmentWatch - CNBC - The Venerable Jack Bogle Has Warned Us A 25-50% Downward Move Is Almost Certain. This is a mainstream media show with a respected individual saying the same thing. He says it may come in three waves. I don't know how many waves; but, it is coming.

InvestmentWatch - Basel III: How The Bank For International Settlements Is Going To Help Bring Down The Global Economy. The article has good links and I apologize for not having really talked about Basel before. He gives a decent summary of what it is, you can also go to Wikipedia. Bottom line, an international organization that has a lot more control over your sovereignty than you knew.

Huffington Post - Beware Capitalist Tools. I happen to like real capitalism so I disagree with his title. What he points out is how much the financial reporters owe to the financial industry and why they do what they are told.

FoxNews - Eye spy: Facial recognition software is coming to Google Glass
. I said Google glasses would have biometric identification, Google said it wouldn't and gosh darn, turns out that there is an app for that, how surprising. What google really meant was that the app would not be made by them and built into the system, you have to buy it from a third party. I wonder if the security setting for the glasses allows you to have it scan your iris so that nobody else can use them?

The way we are led by the nose is pretty simple. The majority that you hear all sing the same song. Everything is bad or getting better or getting worse of whatever. A few disagree and are shut down and ridiculed. Just about all have a stake in the game. The trick is to get you to stop listening to the ones that are right because money is made off of your being wrong. The stock market will come down; but, I still say if you have stock keep it and wait it out. That is also what Jack Bogle said. I gave the exact same advice as Mr. Bogle before him. Now, go look up who he is. Wikipedia - John C. Bogle. This is like an Index Fund Warren Buffet.

I cannot tell you which asset class will collapse first, it could be any of them. It doesn't really matter which comes first, they all effect one another. I cannot say with any certainty when the first will go. I happen to watch for triple witching hours on Wall Street; but, there are other key dates when long term bets need to be made. Heck, the collapses could begin in the currency trading markets if nobody wants our dollars, it could happen in the energy markets first. Lots of options.

You know what, I know what to look for possibly. If we think of the Cyprus situation, it rattled all of the European Union and is only a very small percentage of it's population and GDP. They also were described as bad people because they were laundering money for rich Russians. I think it will be the banks, they haven't changed their ways, cheated the rules on the Mortgage relief they were supposed to provide. I think it will be the banks more than the stock market that begins the ball rolling. Who would put up with another trillion dollar bail out of banks? I don't think people would, they will prefer the bail in.

The logic will please everyone. If I deposited in a bank and the bank failed, I would want to be paid before the stock holders because what they lost was not their money; but, my money. Yet, they kept the stock and gave themselves bonuses. We need a good fall guy even though all the industries are guilty. I think it will be the bankers. Heck, you have to hate them enough to become stockholders in them after breaking them up into a million pieces. Yeah, that would be the ones.

No matter how it turns out, it turns out the same. The IMF did not spend years coming up with a plan if they didn't know a problem was coming. If the banks start to fail, keep your money in the bank. If the stock market goes down, keep your money in the stock market. When whatever fails, fails, keep your money in it and wait it out. All indexes come back. Once you sell, you are stuck and they know that. Warren Buffet did not sell off during the market crash, he waited and bought.

Mr. Buffet said very rude once. He was on 20/20 I believe and he walked past a picture of lots of people in a crowd and said that he "Protected the asses of the masses" and he meant it. In my opinion, Mr. Buffet and Mr. Gates are two people who believe in individual achievement. They are two very smart people who just don't know God; but, believe in truth and freedom and prosperity for others. Neither is a selfish individual and both have pledged their fortunes to others to help them as they believe people should be helped. My deepest regret is that I believe these two men misunderstood what they were up against. What I don't think they really understand is that this game was taken out of their hands and even the hands of those who they are protecting us from long, long ago.

There is a movie coming out that I am going to see. From Yahoo, it is called, "Now You See Me". There is also a show coming out that I want to see, it is on NBC and is called, "The Blacklist".

Possible False Start to Systematic Failure in the Economy

As my readers know, the Pimpernel tries to keep up with things in the economy. Last week there were some odd things in the markets, Japan's stocks losing 10% being a big one. All weekend I have been reading stories on what is going on and the trend seems to be that even the mainstream media is reporting that this week may be important and that markets may see major corrections (losses). Here is the thing, if the stock market dropped 10%, it is still only the beginning of the real corrections. When banks fail, people should put their money in non-bank stocks. Let me repeat something I have said before, stock market volatility is to get the average person out of the market and it is a time when the average person should do the opposite and get into the market. We should be long term investors and not day traders.

Here are just a couple of warnings from over the weekend.

NBC News - Week ahead: Watching for signs of a too-strong economy

The Motley Fool - Is the Stock Market Overdue for a Big Plunge?

There have been plenty of articles warning that this week could be very volatile; but, it has also been stated that this is the week when the big players take their vacations. Whatever happens this week, if anything happens, is just the beginning of what is coming. The financial system needs to be restructured and the plan that is in congress will not do it properly. The "Derivatives" market cannot be allowed to operate without controls and the people that run the market are the same ones that just wrote the new regulations that are being voted on and they exempted themselves from regulation.

I shall tell a true story, something I actually experienced. When the housing bubble was in full swing, I was asked to meet with some mortgage brokers. I told them that the housing market was going to crash. I told them all of the indicators that are traditionally watched in the real estate market, I told them how we were going to see a severe recession. This meeting happened about a year and a half or so before the housing bubble crashed. They looked me dead in the eye, said my analysis was well thought out and then they told me that I had to be wrong because things were going so well in the economy and this was how they made all their money.

Money is a drug and those who have the most are the least likely to believe the gravy train will ever end. Our markets are run by money junkies and they will do anything to get their next fix; but, it always ends badly. Quite awhile ago I wrote about how the movie "The Hangover" was the perfect analogy for our over-indulgence since 2002. Did you really need televisions in the backseat, did you really need spinner wheels or that Lincoln Navigator? People went crazy spending money that they had not earned and that went away as fast as it came. Now is the time to check out of the room, leave the maid a nice tip and start over.

The current economic system has been unwinding for a bit, no one event does it all. The Bank of England and FDIC said they are looking at "systematic" failures. This not about a bank failing, no matter how big. It is not about stock markets crashing. It is about all of the system failing because it is all rigged.

Lets say that this week is really bad on Wall Street, it doesn't matter. The purpose of all the turmoil is to bring in a new economic and financial control system that is international in nature. That is the end game.

When "it" comes, the new economy folllows

You may think that what is happening in the worlds economies may all work out; but, it will not. The world is going to set up new rules for financial transactions and the west will be less wealthy. Warren Buffet saw this coming for over 20 years. I am going to talk about what the United States looks like after the world goes off the dollar and how we have been preparing for it.

Here is a fairly good take on what is going on by someone that I just read. Godlike Productions - The Grand Finale: Here Is What Is About To Happen To You...An Economic Love Story, or Fifty Shades of Green? While I may not agree with everything the author said, it is a pretty good summary of things.

It is very possible that we will see some big shakeups on Wall Street this week, if you have stock do not sell, hold onto it and wait out the ride. The stocks to stay out of are financial companies and banks. The FDIC and Bank of England's plans to conduct "bail ins" in the future for banks that fail means that if you have stock in those companies, you lose it. The stock will be turned over to the depositors.

We can see the warning signs. Yahoo - Reuters - Wall Street sags, but ends off session lows; HP hits 52-week high.

They are warning us all the time. The Federal Reserve - Ending "Too Big to Fail". Banks as you know them will no longer be needed in the same way and they are going to be broken up into neighborhood piggy banks.

For the past couple of years they have been printing new $100 bills and they are about to release them. NewMoney.gov - Federal Reserve Announces Day of Issue of Redesigned $100 Note. They begin circulating on October.

After the coming economic tsunami, things will be different. For people in the United States expect the following things to be the new normal.

1. Fewer and fewer people will go to true universities.
2. Fewer and fewer people will own personal cars.
3. You will live in smaller spaces or share a home.
4. The suburbs will become the new ghettos.
5. You will have to work longer.
6. You will have healthcare; but, will be penalized for personal choices like smoking, drinking and what you eat.
7. You will not get tax benefits for being married, having children or buying a house.
8, There will cease to be any anonymity on the internet.
9. You will have to report your health to your doctor or get no insurance. Mail Online - The real-life tricorder: The gadget that can measure all of your vital signs in just TEN seconds
10. It is not going to get better.

Sorry, but that is the truth. The fall has been delayed so that we can get accustomed to doing with less. Just assume that I might be right about what is coming. There is nothing you can do to avoid it. The thing to remember is that the United States has some of the best contingency planners ever. We plan for everything, all possibilities, well, most. A plan was put in place years ago, just in case our currencies ever collapsed. A plan was put in place in case the world went off the dollar standard. I assure you plans for responding already existed. Don't panic when things get weird. Don't worry that the world will end, don't worry that we will live with less.

Mail Online - Global markets plummet after US Fed threatens to cut emergency cash support to economy


Market Watch - Bernanke out by August, QE ends, rates up: Crash

Yahoo - Reuters - How the Fed could ruin your summer holiday

Wall Street Journal - New Zealand, China in Talks on Convertibility of Currencies

Sorry if this wasn't uplifting and cheerful, it is what it is. Peqce.

Goodbye Mr. Shaughnessy

My father played the drums, I never heard him; but, I know he did. If I were to play any instrument, it would be the drums. I woke up early today, 3:30 is early to me. When I awoke, I decided to check the new (first thought for a blogger). The news said that Ed Shaughnessey died. You probably don't know his name. He was a drummer, one of the best ever. He played for the Johnny Carson orchestra, he was a jazz drummer.

One of the best compliments I have ever had in my life was from a black jazz player. He told me that I reminded him of the old time jazz guys. He told me I had attitude that reminded him of Louis Armstrong. Jazz people are the most stuck up people in the world, we are arrogant and self assured, we are at peace with ourselves. I really appreciated the compliment. I knew exactly what he meant.

The greatest jazz drummer of all time is generally considered to be Buddy Rich. The man was amazing. At a time when blacks and whites didn't even eat in the same restaurants, he played as the only white guy in a black band. This guy was so about music. Mr. Rich was so respected that other drummers had nothing to say to him, he was "Tiger Woods" good, he was that much better than the others. He had a heart attack and a broken arm and played, old school, no stopping him. Yet, he loved the music so much that he promoted others, people like Sinatra.

Mr. Rich played with Mr Shaughnessy, he respected this drummer, he respected this man. Mr. Shaughnessy earned the respect. He was a great jazz drummer and earned 30 years on the Johnny Carson show as their drummer. Mr. Rich asked if Mr. Shaughnessey and he could play together and they did, imagine Babe Ruth or Tiger Woods saying that they wanted to play with you, that is how good Mr. Shaughnessy was and he just died. I want you to hear him.

Buddy Rich and Ed Shaughnessy Play Drums

Something Pimpernel This Way Comes

It is Friday night and Saturday morning. I am listening to music and thinking. I will post tomorrow, it is my day off and there is much to discuss. It is too late for me to write much tonight. I have two prior posts that I did not post and may or may not include in Saturdays posts. I also have to start a new series on a separate blog, spiritual posts. I shall be translated and am expected to give at least one a month. Sounds like work to me; but, I am up for it.

My dear readers of "The truth is inside you", they will get one day a month and you get what I have the rest of the time. They will get well thought out posts and you get the nonsense that I think of on any given day. For tonight you shall get music. Enjoy. I hope you like this one Robbie, I bought the album as soon as it came out and still have it.

YouTube - Jefferson Starship - Love too good.

YouTube - Jefferson Starship - Count on Me

YouTube - Jefferson Starship - Take Your Time


YouTube - Jefferson Starship - Crazy Feelin

YouTube - Jefferson Starship - Skateboard

YouTube - Jefferson Starship - Fire

YouTube - Jefferson Starship - Show Yourself


YouTube - Jefferson Starship - Runaway

YouTube - Jefferson Starship - All Night Long

An extra, a hope and a wish for all of us.

YouTube - Jefferson Starship - Miracles

The album that I linked to is called Earth by Jefferson Starship. It came out around the same time as Fleetwood Mac's Rumors album and the Eagles' Hotel California.

Because somone asked me

I was talking to someone today about things in the news and they were irritated by "climate deniers". Now here is the funny thing, the person knows that 90% of the mainstream media is owned by about six companies and readily admit this. I told him that I did not believe we were experiencing global warming and climate change is not the consequence of industrial activities. The volcano Krakatoa put up enough in the air by itself to change the planets weather and that was more than all of the industrial age has put in the air, we are not just that powerful. I am against polluting; but, I don't need a feel to make up stories.

He didn't want to believe that "scientists" could lie to such a degree as he believes that most scientists believe in climate change. Well, climates do change and have since the beginning of the earth and we have only been industrial for the last couple hundred years. The fact that the planets all warmed and cooled at the same time is not evidence that building cars effects the climate. We are regularly fed lies by mainstream science. These is the same group of people who promoted racially based science. Investigate the science of eugenics and social Darwinism. Did you know that much of the "science" on second hand smoke was based upon studies of babies whose mothers smoked while pregnant? Yet how many "scientists" will bring that up? Do it and see what happens to your career. The science may have value; but, the spin is for a social and political reason. Scientists are just people and respond to the same pressures and pleasures, they follow the money too.

Now why did I post this. I won't remember it and he asked me to write down my response, which I have.