Fw: [Medicalnewscommentaries] IMVA - The Hidden Shoals of a DeepeningCrisis - November 27, 2007

November 27, 2007

- Mark Sircus Ac., OMD

medicalnewscommentaries

Tuesday, November 27, 2007 11:11 AM

[Medicalnewscommentaries] IMVA - The Hidden Shoals of a DeepeningCrisis - November 27, 2007

The Hidden Shoals

of a Deepening CrisisInternational Medical Veritas Association

Out of intense complexitiesintense simplicities emerge.

Sir Winston Churchill

One of the reasons I allow myself to publish about financial and economic topics is that they will, in the end, have a great effect on our happiness and health. A serious wrongness about orthodox allopathic medicine is its absurd cost and many lives have been ruined through the staggering accumulation of debt to pay for uninsured treatments that rarely work in the case of serious chronic diseases. In a world where we need more money there is going to be less of it and this is going to hit us right where it hurts when it comes to medical treatments and even nutrition. It is really difficult for us not to act like dear caught in the headlights of an approaching truck but we need to try for that tractor trailer is just about upon us.

The potential for an economic implosion and subsequent world recession is huge and could surpass the biggest financial crash in history more and more experts are saying. Some very sharp people are warning us of something in the order of the Great Depression but shoppers turned out in force the day after Thanksgiving to show the world how much more they are willing to spend and go into debt.

The past twenty years cemented in the illusion that debt is money but no one wanted to face the reality that the trillions in debt corporations, governments and people have taken upon themselves could not possibly ever be paid back. In reality we lost at Russian Rolette, we discover that using debt to define and fund assets (wealth) was the worst idea that capitalism every came up with but the super rich did just fine anyway. What’s going to happen to the rest of us as things fall apart though is anyone’s guess.

Property values will drop by $1.2 trillion in 2008, as foreclosures mount and the housing market remains in the doldrums. Home prices will fall by an average of 7%, but price declines could range as high as 16% in California. Global Insight November 27, 2007

Because of financial fundamentals there is growing fear that the recession that analysts are all starting to talk about could be the mother of all recessions, one without a bottom. A big problem is that the banks cannot and will not finance the consumer nor the corporation any more, credit is drying up, even for houses for who wants to loan money on a quickly deflating asset. And who wants to buy one either?

There’s a pervasive loss of trust, which is like sand thrown in the gears of the financial system. The crisis of confidence is plainly visible. N. Y. Times

It has become clear that the desired liquidity injections being generously applied by central banks are losing their effect. Since the Fed began cutting rates again, the cost of borrowing for everything except government bonds is now higher. One must question the logic of trying to solve a problem created by too much easy money by throwing at it even more easy money. It’s a nonstarter – a cure that is worse than the disease. The already badly bruised dollar is headed toward the trash can and there is nothing the kings men can do about it.

The swoon comes as investors were unnerved by another series of announcements that pointed to continuing problems in the credit markets, the result of home loan debt going bad under the weight of a faltering housing market. Tim Paradis Monday, November 26, 2007

AP Business Write

There is no end to the bad news and evidence is overwhelming that the equity of many companies is at risk of being wiped out. We are fast approaching, if not already smack dab in the middle, of a confluence of powerful negative factors exerting downward relentless pressure on the US dollar. The US$ fundamentals are miserable, resembling a Third World nation, marred by gigantic deficits and emphasis on war. The US and world banking system will experience regular and frequent seizures though in-between the central banks will rescue the banks by throwing more money at them as they have been doing to the tune of hundreds of billions since August. Each time investors think that policy makers have effectively come to the rescue, another large institution reveals a portfolio tainted with shaky bonds.

The bailouts and remedies will be imaginative yet ineffective. Desperate attempts will succeed to buy only a month or two of time but there is no saving the ship that has had its belly ripped open. The entire debt structure of the world is sinking in the quicksand of a financial system based upon lethal, temporary and doomed leveraged structures. Meaning the entire pyramid of debt is starting to cave in on itself. Anyone who himself has personally administered a personal debt bubble that brought one into bankruptcy in the past knows the game and how it runs down into the trash. As prices and our debt burden goes up we need more money to survive we are being gutted as our real wealth and real estate goes down the drain hole of deflation. The entire endgame of the capitalist financial system these past two decades has depended on ever expanding debt and it’s impossible for such a bubbled system to survive a serious contraction.

Yes the central banks can pump in hundreds of billions of dollars and inflate their currencies but they cannot get that money into the hands of people like you and me. Injecting liquidity into the system will not save us because there is no time or way to inflate the system in a way that wages surge as everything else does. Earnings are beginning to drop quickly as layoffs mount; and as we slip into recession the vast majority of people will see further deteriorations in income at exactly the moment of our greatest need. We hear reports about people commonly using their credit cards even to buy food so where do we think its all going to end?

Ultimately there can only be a market solution, regardless of how painful and ruthless it may be.

You can count on the news media though and the government to do a good job in keeping the public as far away from the truth that a category five economic hurricane is going to hit our shores and the entire world economy at the same time. The people in control are able to melt hard financial facts and numbers on their tongues like communion wafers meaning they have no problem deceiving us by lying through their teeth.

And this is just one of our problems. “From meat, poultry and milk to potatoes, onions and leafy greens, everything consumed on the world's dining tables is feeling the heat from climate change, scientists say.”[ii] Yes as food prices go up supplies are running down and this is going to leave a lot of people hungry in the coming years. And as we wait for food supplies to be depleted the Governor of Georgia is on the front steps praying for rain. No one has even begun to comprehend the disaster that is only months away, the day Atlanta, a city of three million, literally runs out of water. Predictions are that their main reservoir will run bone dry in another three months. 2008 is looking to be a pivotal year of change.

From other parts of the world the news is even worse. By firing radioactive ammunition, the U.S., U.K., and Israel may have triggered a nuclear holocaust in the Middle East that, over time, will prove deadlier than the U.S. atomic bombing of Japan. So much ammunition containing depleted uranium (DU) has been fired, asserts nuclear authority Leuren Moret, "The genetic future of the Iraqi people for the most part, is destroyed." Nuclear contamination is spreading around the world, Dr. Helen Caldicott adds, with heaviest concentrations in regions within a 1,000-mile radius of Baghdad and Afghanistan. These are, notably, northern India, southern Russia, Turkey, Egypt, Saudi Arabia, Tibet, Pakistan, Kuwait, the Gulf emirates, and Jordan. "Downwind from the radioactive devastation in Iraq, Israel is also suffering from large increases in breast cancer, leukemia and childhood diabetes," Moret asserts. Radioactive fallout from DU apparently blew far and wide. Following the initial U.S. bombardment of Iraq in 2003, DU particles traveled 2,400 miles to Great Britain in about a week, where atmospheric radiation more than quadrupled.

The American government seems to feel the same about its own soldiers as it does the enemy. Earlier this year CBS News contacted the governments of all 50 states requesting their official records of death by suicide going back 12 years. They heard back from 45 of the 50. From the mountains of gathered information, they sifted out the suicides of those Americans who had served in the armed forces. What they discovered is that in 2005 alone -- and remember, this is just in 45 states -- there were at least 6,256 veteran suicides, 120 every week for a year and an average of 17 every day. This is the tip of a huge iceberg of suffering, pain, disease and death facing Americans who have been attacked first with terrible barrages of vaccines, then subjected to terrible battlefield stress then on top of that exposed to a terrible radiation that the United States government pretends is totally safe. There are no words in the English language to describe the indignation, the disgust, the realization that what we thought was good is worse than we can possibly stand to imagine.

Many of us have no options, no maneuvering room. Many people are just sitting ducks and the streets have been filling up with homeless for years but we have not paid much attention. Some of us do have some choices but are we being decisive as the mother of all financial storms looms up? Millions of Americans are experts at self-denial and are delusional to the extreme living in their McMansions, driving fast cars with hulking gas tanks believing that they have acquired financial security. The rich love to consume and waste while more and more of their fellow human beings pass lives of quiet desperation in cardboard boxes beneath the nation’s highway bridges.

The wave of foreclosures that has rippled across the U.S. has already battered some of our largest financial institutions, created ghost towns of once vibrant neighborhoods — and it's not over yet.

There is truth and justice in the universe and we are going to be served up some heaping plates of it. Not only must we live within our own means but within the means of the planet to support us and that means hundreds of millions if not billions are going to perish because of rising heat and reduced amounts of fresh water and food in the next decade. This is not gloom and doom speaking it is just reality, the one that we created, the one we have enjoyed shaping with our everyday actions and thoughts.

Mark Sircus Ac., OMDDirector International Medical Veritas Association http://www.imva.infohttp://www.magnesiumforlife.comSanctuary Cancer Clinic

http://www.nytimes.com/2007/11/23/opinion/23krugman.html?_r=1 & th & emc=th & oref=slogin

[ii] http://news./s/afp/20071125/sc_afp/lifestyleclimatefoodenvironmentwarming;_ylt=AiV7_nJxNLfRbH6jvLE82x6s0NUE