Over at The Big Picture, we discovered the latest scheme hatched around the United States' need to raise capital in an attempt to fight its insurmountable debts while dealing with its current stagflationary economy. Apparently, Dr. Bernanke (Chairman of the United States Federal Reserve) has given up on Super SIVs, TAFs, Hope Now [Lost] and the inner-workings of the 697 page document that is HR 3221, the Housing & Economic Recovery Act of 2008. All ideas from former Goldman Sachs gurus (including Treasury Secretary, Henry Paulson) are now off the table as Fed Chairman, Bernanke, has turned to prey on the elderly and any other misinformed internet users residing in Nigeria. The latest acronym is now labeled IRS (Internet Reserve-building Solicitation) and is sure to provide the U.S. a decent sense of relief being that the US Central Bank has finally reached out to the Nigerians for assistance.
From the U.S. Central Bank:
"Your assistance is requested as a non-USA citizen to assist the Federal Reserve of the USA, and also the investment bank community of Wall Street USA, in moving these funds out of USA. If the funds can be transferred to your name, in your Nigerian account, then you can forward the funds as directed by the Federal Reserve of USA. In exchange for your accommodating services, the Federal Reserve of USA would agree to allow you to retain 10%, or Nigerian $4 million of this amount."
Literally, hundreds of e-mails have gone out to those in Nigeria with an internet connection. And not one moment too late! Within a few short weeks the U.S. will no longer have to worry about FDIC funding or fractional reserve systems. Surely, the Nigerians will be attuned to offering their assistance to right the ship of the U.S. Especially now, as they must be aware of the dollar's recent gains (get in on Forex before it's too late)!
C'mon, Nigeria - make some haste here (you know we're good for it)! Also to those of you in the U.S. who may find the Fed's e-mail campaign unpalatable, think of it this way - this might not be quite the same as sovereign investing, but, hey....any outside funding will do.
For the full story, check out, again, The Big Picture. And, to any of you who have received solicitations from Nigerians in the past (when this role was reversed)- you must feel some sense of resolve for your previous troubles.
As always...happy investing!
Map compliments: http://www.nationsonline.org/oneworld/nigeria.htm
Thursday, August 14, 2008
New Superfund Called IRS to save U.S. Economy - Funding from Nigeria!?!
Wednesday, August 13, 2008
Another Resource War - Russia vs. Georgia
For a grasp on the situation in Russia, we decided to turn to an actual Russian. Dimitri Orlov spends time here in Charleston seasonally since leaving Russia after the collapse of the U.S.S.R. In, The Trouble with Georgia, he does a great job of outlining some of the history behind the turmoil over on the other side of the world. The press seems to keep the mention of the giant oil pipeline to a minimum in this insane bizarro-world where smart thinking people still cling to the hope that oil will fall miraculously back down to sixty bucks a barrel.
It turns out, as usual where oil is concerned, there will be long term ramifications outside of our general scope in this moment. But we'll be watching this one. What we do know is that Russia is securing its resources now. The Georgian's and Russians have a long, long history and the U.S. has been meddling by getting really friendly with Medvedev and the Georgians. Looking at a map of the pipelines through Afghanistan, Georgia and the rest is eye-opening. Russia has already admitted their vast oil resources are peaking as well, yet the U.S. continues to befriend every nation surrounding Russia, as well as moving forward with building missile silos in Poland. Hmmmmm....is anyone out there (other than us) wondering why???
At any rate, today Bush offered up our Navy to offer aide to Georgia, and the Marketoracle.uk has some interesting perspectives as well (with maps for South Carolinians and other U.S. Americans who cannot afford them).
