Inside sources telling Bob Chapman,Bob Shultz as well as doom and gloom Marc Faber,
that the PRIVATE un-federal no-reserve international banksters are POSSIBLY planning a bank holiday in September..
to completely de-stabilize /crash the dollar so they can get their unlimited,total,absolute power over the economy and all things financial and monetary
AND..
if the international banksters don't get this new absolute,total power,
,we will go into a deep,deep,dark depression[haven't we heard this somewhere before?]
yes we have we have!hanky panky Paulson made the same threat last year if they didn't get the $750,000,000,000 bailout money..
and as it turns out..they picked $750,000,000,000,000 because...
"we decided to pick a really,really big number"
and as it turned out the money never went to the banks because the money was simply looted from the treasury and sent to offshore accounts
story at
Really weird... You'd think that anyone left in the tranch would be good as gold..... Unless they heloc'd the heck out of the equity maybe? Any ideas anyone?
CR's previous chart showed half of seriously delinquent mortgages being private label but also showed nearly a third of seriously delinquent mortgages being Fannie/Freddie/Ginnie, which seemed high considering the supposed safety of conforming loans.
I would like to see some type of risk-adjusted comparison on that topic.
I thought I remembered that the second's werent letting go this time like they traditionally did. They were pushing for the FC even tho they knew the'd get zero...
Or maybe the borrowers dont understand that you could let the second go and keep paying the first?
I dunno, my prime 30 yr from 1998 was 6.35%... not worth a refi for a long time in there.
I had a prime for about that originated in '98, but I switched to a 15 year at a lower rate in '02...bigger payment, but much bigger savings over the life of the thing. No cash-out either.
@Zack - My big issue with biofuel proponents is first, how much agricultural land would be required to make a significant dent in oil usage, and if that was actually accomplished, how many people would have to starve to make that happen.
lost-confused (profile) wrote on Tue, 6/23/2009 - 11:09 am
* edit
* reply
Forget newspaper delivery, but there is still washing the family car, cutting the lawn,baby sitting, etc...there a lot of things that parents could ask their children could do to earn money around the house....
Allowances for me was for some service performed around the home....it was not given out for being alive...
I can't think of why there would be an appreciable number of the 1998 vintage prime jumbos around any longer. I can buy the HELOC argument to a certain extent, but, at some point, it would've had to make more sense to roll both the first lien and the HELOC into a re-fi first lien.
@TARP, excellent point. Point taken about the razor-thin margins we will have on grains this year and next. There is just no room for problems, anywhere in the agricultural world. It made absolutely zero sense to subsidize the destruction of 20% of our food to make 2% of our fuel, especially in a negative energy-return crop such as corn or soy. Plainly, the subsidies and support were sops to the farm states, not done out of any consideration for the technical merit of the approach.
So, what I'd propose to do about it is grow it as a cotton substitute.
Cotton is grown on 3% of the world’s arable land, uses 26% of the world’s pesticides and 7% of the world’s fertilizer annually. It requires heavy irrigation, depleting the water supply even as it poisons it. Even worse for food crops.
Remember, hemp can be grown for both fuel and fiber.. comes from different parts of the plant.
Assuming all kinds of perfect efficiencies, it might take 90m acres of hemp to meet US gasoline needs. Coincidentally, the unfarmed "soil bank" is also 90 million acres of farmland that farmers are paid in kind not to use.
I had a prime for about that originated in '98, but I switched to a 15 year at a lower rate in '02...bigger payment, but much bigger savings over the life of the thing. No cash-out either.
I did that in '05 (went to a 10-year) and while I'm signing the paperwork the loan officer (or whatever silly title the person had) said to me, "I've never had anyone do a refi like this before."
That's when I knew the shit was going to hit the fan sooner or later.
The real solution, is to start eariy with your children in setting goal posts, and responsibilities....
In latter stages of adulthood, you need sit down with your off spring, and set goals and expectations for continued support...they need to know what their options are and what their alternative solutions to independence...
Generally, kids graduate from high school at 19....Give them 6 years max...2 years to accumulate savings and 4 years in college to get a BA/BS degree... If they go away to school, they are on their own...This will cut costs by attending a JC...
The critical issues are the time frame and the end goal...Great motivator....
In 1968, in CA, no jobs after 2nd year at college....Jobs were not available...so as a last resort-military...Scary, but I definitely grew up...
Take back the trillions of $$$ given to the banks, who just sit on it and make it totally ineffective then start government incentive to create realistic industries that give employment and generate real productive income, some of which would hopefully be from exports.
REAL unemployment is DOUBLE the 'official' statistics. GOvernment has been playing major games with all stats for a while now - both parties are to blame.
Blue - yes, there were, at least here on the West Coast. I refinanced my house a month and a half ago and locked a 30 year fixed at 4.7. I had many options as to who to go with as well, it was a matter of who was giving me the least closing costs.
Right, and what gets ignored, CCLT, is how the miracle seeds developed in the 70s that allowed us to avoid the Silent Spring fate typically generate shallower root systems that require even more water and fertilizer.
wholeheartedly agree.....not enough of that being done. It won't happen until the lifestyle that was achieved under this bubble gets smacked down. Even then you'll still have the bommerang (sp?) kids coming back and blaming it all on someone other than themselves.
As long as the parents have the facade of doing ok....the kids they raise will think more and more that they are entitled to the very same thing if not more.
pigged - someone may be unfamiliar with the reference... as it is said: history rarely repeats but it often rhymes...
Juvenal Delinquent (profile) wrote on Tue, 6/23/2009 - 12:40 pm
Men and women will be staying home in droves playing video games, eating ramen.
Call em' the "Walled-Ins"
Goodnight Johnboy
America gets its own generation of Otaku? otaku.e.html
@Zack - just off the envelope, I'd think you'd need 270M acres to replace 20M barrels a day, assuming you've also covered the other by-products from a barrel of oil at the 500 gallons of gas per acre you quoted before.
Then don't forget to allow for crop loss due to having the employees smoking it.
Any idea what the real cost/gallon would be for hemp, unsubsidized like the industry is now for ethanol?
Ghost, this comment referring to the CA bailout by the FEDS cemented your thoughts about QE and fiat currency.
"At that point, the jig is really up. It will prove once and for all that there aren't any remaining external buyers in possession of real capital/savings in which to purchase bonds."
"The parent of the Hav-A-Tampa is closing its Tampa cigar production plant, idling nearly 500 employees.
Altadis U.S.A., Inc., which owns the longtime cigar-making operation, plans to cut a total of 492 jobs at its facility at 3901 Riga Blvd by Aug. 24, according to a mass layoff WARN notice filed Tuesday with the state.
A company spokesman was not immediately available for comment."
Potency of herb would go down as nonselective breeding would bring down the THC levels
Fixed it for you...
Just as beer and wine have supplanted hard liquor, once the risk premium drops, the value of very high concentration does as well. The 'quality' can be more than just the active ingredient. Hard liquor quality is still very good, and potency is fine, but people don't drink nearly as much as they used to.
Went to a couple pot farms in NorCal a few months ago... Excellent quality to much supply for the current supply chain.... Dont know how it works for ethanol tho... It burnt just fine with out the refinement...
Clearly a lot of you here know NOTHING (cramer - he knows nothing! NOTHING!) about the green leafies. It's not just about the % of THC......man, I wish CSC were still here to let him go at schoolin ya. Ive said far too much that ive heard second hand already.
"NEW YORK (AP) -- Verified Identity Pass, a company that promised to speed passengers through airport security checkpoints for an annual fee, has shut down, leaving some frequent fliers looking for options to avoid long screening lines and wondering what will happen to the personal information they gave the company."
sn_landlord...wow...no wonder I got such a hard sell recently from them while standing in a long line at the airport. I couldnt dog the guy either, no place to go. Had to finally pretend i was first class...worked long enough to get away and let him attach his suckers to someone else. But I lost my place in line.
shill said: "...yes we have we have!hanky panky Paulson made the same threat last year if they didn't get the $750,000,000,000 bailout money..
and as it turns out..they picked $750,000,000,000,000 because...
"we decided to pick a really,really big number"
and as it turned out the money never went to the banks because the money was simply looted from the treasury and sent to offshore accounts..."
I don't know if any of that is true, but PBS' Frontline piece "Breaking the Bank" was an eye-opener.
It turns out the the money-center banks didn't go hat-in-hand to the Federal Government saying "We've got to have TARP money or we're going out of business and taking the system with us." Instead, Sec'y Paulson forced them to sell equity stakes in their banks to the Government in exchange for TARP money.
Not precisely the story we were told. Sorry. "Sold.":)))
This also explains why some of those banks are now ready to return that TARP money: They didn't actually need it in the first place. Puts the entire "liquidity crisis" in rather a different perspective, blown out of proportion by Paulson and Bernanke for the purpose of a power-grab, in the same way the Bush Administration ginned-up the Iraq threat as an excuse to invade.
"Hemp seed oil is equivalent to diesel and produces full engine power with reduced CO and 75% less soot and particulates. "
Do you get a buzz if you're stuck behind a big truck in traffic and it's running this stuff for fuel?
"So, what I'd propose to do about it is grow it as a cotton substitute. "
Presumably there's stucco in France over 400 years old that used hemp in lieu of horse hair. The hemp fiber has begun to petrify, but the stucco is holding up. That's about as green as it gets....
"Executives at U.S. companies are taking advantage of the biggest stock-market rally in 71 years to sell their shares at the fastest pace since credit markets started to seize up two years ago. Insiders of Standard & Poor’s 500 Index companies were net sellers for 14 straight weeks as the gauge rose 36 percent, data compiled by InsiderScore.com show."
~~~~
Run for the exits ... the trend is not your friend ...
@Zach - are you sure your number isn't 14M Barrels of gasoline? At 20M barrels of oil a day x approx. 20 gallons of gasoline produced from each barrel (varies depending on the mix being refined), that'd be 400M gallons of gasoline/day. Plug that into your formula.
"Alcohol forms an azeotrope with water and cannot be distilled to greater than 190 proof."
You can dessicate the alcohol vapor with corn starch, or pressure distill the water out. Not so important for drinking, but if you want to have it miscible with gasoline.
Two quick points on older mortgage tranches downgrades:
There aren't a lot of mortgages left in them--between amortization and refis (particularly the 2003 burst) the balances are typically small--not to mention house prices were much lower than. The pools have gotten a lot less homogeneous and represent often people who couldn't refi even when times were good. The uptick in unemployment might be more of a problem for them (the last 5-10% of the original pool,. say) than a generic pool of prime borrowers. In some cases, the pools are populated in part by homes that have been in a long-term forebearance with the servicer (the original deliquency could be five or more years ago) and as a refi wave happens the pools look even more delinquent (but smaller still).
Downgrades don't mean likely default, just more likely. The rating agencies often talk about having mutliple times credit enhancement versus likely losses. If the tranche can take a 20% loss to the pool and the expected loss of the pool is 8%, then the multiple is 2.5x. If the expected loss moves from 8% to 12% the ratio drops to 1.7x which might be enough to trigger a downgrade, even though the pool loss expectation still has to increase by more than 67% to make an actual loss in the tranche. There are certainly tranches that will take losses, just not necessarily all 102 with downgrades. The bigger the downgrade the more likely it is that there will be some loss to the tranche.
firsty
@ZackAttack, from last thread.
Were you talking about growing pot for ethanol? New swing on high-octane.
Now, do it to CMBS too. All of it, you know you want to...
I heard it's OK because it's contained to prime.
Inside sources telling Bob Chapman,Bob Shultz as well as doom and gloom Marc Faber,
that the PRIVATE un-federal no-reserve international banksters are POSSIBLY planning a bank holiday in September..
to completely de-stabilize /crash the dollar so they can get their unlimited,total,absolute power over the economy and all things financial and monetary
AND..
if the international banksters don't get this new absolute,total power,
,we will go into a deep,deep,dark depression[haven't we heard this somewhere before?]
yes we have we have!hanky panky Paulson made the same threat last year if they didn't get the $750,000,000,000 bailout money..
and as it turns out..they picked $750,000,000,000,000 because...
"we decided to pick a really,really big number"
and as it turned out the money never went to the banks because the money was simply looted from the treasury and sent to offshore accounts
story at
infowars.com
Mumbo Jumbo was downgraded to gibberish, investors are concerned.
More on topic CR
Mortgage bankers cut U.S. loan origination forecast
Los Angeles Times -- Business, Technology, Real Estate, Hollywood, Economics, News - latimes.com
Really weird... You'd think that anyone left in the tranch would be good as gold..... Unless they heloc'd the heck out of the equity maybe? Any ideas anyone?
@TARP - Oh yes.
As far as I know, only hemp and sugarcane cracked by the Brazilians' magic process are energy-return positive after you consider all the input costs.
Hemp requires no imput costs for fertilizer or cultivation.
Hemp stalk (different than the part that is used to make paper and textiles) converts to 500 gallons of methanol/acre.
Hemp seed oil is equivalent to diesel and produces full engine power with reduced CO and 75% less soot and particulates.
But, let's not get into the nightmare of ethanol distribution.
CR's previous chart showed half of seriously delinquent mortgages being private label but also showed nearly a third of seriously delinquent mortgages being Fannie/Freddie/Ginnie, which seemed high considering the supposed safety of conforming loans.
I would like to see some type of risk-adjusted comparison on that topic.
1998 is kind of shocking...you'd expect stuff written that long ago to either be good to last or already paid off (refi-ed).
Even if they did HELOC the heck out of it, I'd expect them to let the 2nd go...unreal. I guess that market crash is gonna leave a mark, huh?
I dunno, my prime 30 yr from 1998 was 6.35%... not worth a refi for a long time in there.
Guess it depends on whether you got it after the Greenspan emergency LTCM cuts or not.
I thought I remembered that the second's werent letting go this time like they traditionally did. They were pushing for the FC even tho they knew the'd get zero...
Or maybe the borrowers dont understand that you could let the second go and keep paying the first?
Why are you surprised.. 1997-1998 was the beginning of the California bubble.
I dunno, my prime 30 yr from 1998 was 6.35%... not worth a refi for a long time in there.
I had a prime for about that originated in '98, but I switched to a 15 year at a lower rate in '02...bigger payment, but much bigger savings over the life of the thing. No cash-out either.
[From 1998?]
HELOCs, 2nds.... probably make those surviving mortgages just as toxic as the subprimes from 2006...
cause that 750K house was only 250K then....
@Zack - My big issue with biofuel proponents is first, how much agricultural land would be required to make a significant dent in oil usage, and if that was actually accomplished, how many people would have to starve to make that happen.
Johnson Redbook Retail Index Plunges
http://www.redbookresearch.com/8702.html?sessionidkey=sessionidval
C.O Zero Hedge.
Pigged out in previous thread:
lost-confused (profile) wrote on Tue, 6/23/2009 - 11:09 am
* edit
* reply
Forget newspaper delivery, but there is still washing the family car, cutting the lawn,baby sitting, etc...there a lot of things that parents could ask their children could do to earn money around the house....
Allowances for me was for some service performed around the home....it was not given out for being alive...
I can't think of why there would be an appreciable number of the 1998 vintage prime jumbos around any longer. I can buy the HELOC argument to a certain extent, but, at some point, it would've had to make more sense to roll both the first lien and the HELOC into a re-fi first lien.
Curious.
From 1998?
Time to break out the Foo Fighters and Squirrel Nut Zippers.
@TARP, excellent point. Point taken about the razor-thin margins we will have on grains this year and next. There is just no room for problems, anywhere in the agricultural world. It made absolutely zero sense to subsidize the destruction of 20% of our food to make 2% of our fuel, especially in a negative energy-return crop such as corn or soy. Plainly, the subsidies and support were sops to the farm states, not done out of any consideration for the technical merit of the approach.
So, what I'd propose to do about it is grow it as a cotton substitute.
Cotton is grown on 3% of the world’s arable land, uses 26% of the world’s pesticides and 7% of the world’s fertilizer annually. It requires heavy irrigation, depleting the water supply even as it poisons it. Even worse for food crops.
Remember, hemp can be grown for both fuel and fiber.. comes from different parts of the plant.
Assuming all kinds of perfect efficiencies, it might take 90m acres of hemp to meet US gasoline needs. Coincidentally, the unfarmed "soil bank" is also 90 million acres of farmland that farmers are paid in kind not to use.
what about the jumbos being issued today? I know people doing it!
LOL!!!! CNBC breaking news of the day.
http://4.bp.blogspot.com/_FM71j6-VkNE/SkEK5gke7YI/AAAAAAAADkM/UmN6usiBmiI/s1600-h/Healthcare+Deficits.jpg
If anything the quality of herb should go up.
People drank bathtub gin and worse during the prohibition, and quality of alcohol has never been an issue since then...
I had a prime for about that originated in '98, but I switched to a 15 year at a lower rate in '02...bigger payment, but much bigger savings over the life of the thing. No cash-out either.
I did that in '05 (went to a 10-year) and while I'm signing the paperwork the loan officer (or whatever silly title the person had) said to me, "I've never had anyone do a refi like this before."
That's when I knew the shit was going to hit the fan sooner or later.
MS,
The real solution, is to start eariy with your children in setting goal posts, and responsibilities....
In latter stages of adulthood, you need sit down with your off spring, and set goals and expectations for continued support...they need to know what their options are and what their alternative solutions to independence...
Generally, kids graduate from high school at 19....Give them 6 years max...2 years to accumulate savings and 4 years in college to get a BA/BS degree... If they go away to school, they are on their own...This will cut costs by attending a JC...
The critical issues are the time frame and the end goal...Great motivator....
In 1968, in CA, no jobs after 2nd year at college....Jobs were not available...so as a last resort-military...Scary, but I definitely grew up...
How much of these AAA Prime MBS are on the fed's balance sheet?
Cash for trash.
Credit support? Our future output is guaranteeing wall street's fraud. What a sham.
Absent the treasuries's bailout of FNM & FRE, how would these "prime" securities be rated?
Free market in fraud.
Take back the trillions of $$$ given to the banks, who just sit on it and make it totally ineffective then start government incentive to create realistic industries that give employment and generate real productive income, some of which would hopefully be from exports.
good articles: Financial Opinions Updated Daily iamned.com
REAL unemployment is DOUBLE the 'official' statistics. GOvernment has been playing major games with all stats for a while now - both parties are to blame.
The local Catholic priest has some friends that make moonshine somewhere in the SE, and he shared a wee bit of it with me.
About 199 Proof or thereabouts...
Blue - yes, there were, at least here on the West Coast. I refinanced my house a month and a half ago and locked a 30 year fixed at 4.7. I had many options as to who to go with as well, it was a matter of who was giving me the least closing costs.
good reading...recommended articles
Quality of herb would go down as nonselective breeding would bring down the THC levels.
zack attack..the key to hemp is water..it doesn't need much to produce..total opposite of corn...the stuff grows on the side of hi-ways
( Updated )
United Guaranty -160
Harvard University -275
Myspace International -300
May mass layoffs tie all-time March record
Lockheed layoff update -750
Obama administration expects 10% national unemployment soon
Sara Lee Corp. -273
Levi, Ray & Shoup Inc. -23
City of Los Angeles, CA -76
City of Auburn, CA -9
Untitled Document
Right, and what gets ignored, CCLT, is how the miracle seeds developed in the 70s that allowed us to avoid the Silent Spring fate typically generate shallower root systems that require even more water and fertilizer.
I read someplace that during the Great Depression that people who had 90% of their mortgages paid off were getting foreclosed. It was that bad.
So now people that bought or refi'ed 11 years ago can't pay their mortgages.
lost-
wholeheartedly agree.....not enough of that being done. It won't happen until the lifestyle that was achieved under this bubble gets smacked down. Even then you'll still have the bommerang (sp?) kids coming back and blaming it all on someone other than themselves.
As long as the parents have the facade of doing ok....the kids they raise will think more and more that they are entitled to the very same thing if not more.
Such a conundrum we have...
Ciao
MS
I thought nobody doesn't like Sara Lee?
Sara Lee Corp. -273
pigged - someone may be unfamiliar with the reference... as it is said: history rarely repeats but it often rhymes...
Juvenal Delinquent (profile) wrote on Tue, 6/23/2009 - 12:40 pm
Men and women will be staying home in droves playing video games, eating ramen.
Call em' the "Walled-Ins"
Goodnight Johnboy
America gets its own generation of Otaku?
otaku.e.html
@Zack - just off the envelope, I'd think you'd need 270M acres to replace 20M barrels a day, assuming you've also covered the other by-products from a barrel of oil at the 500 gallons of gas per acre you quoted before.
Then don't forget to allow for crop loss due to having the employees smoking it.
Any idea what the real cost/gallon would be for hemp, unsubsidized like the industry is now for ethanol?
I thought nobody doesn't like Sara Lee?
Sara Lee Corp. -273
True, but Sara Lee doesn't like these 273 slackers.
Ghost, this comment referring to the CA bailout by the FEDS cemented your thoughts about QE and fiat currency.
"At that point, the jig is really up. It will prove once and for all that there aren't any remaining external buyers in possession of real capital/savings in which to purchase bonds."
Unscrupulous financial advisers, beware!
The "Geritol Gang" is ready to break your ribs with their walkers.
http://www.telegraph.co.uk/news/worldnews/europe/germany/5612006/Pensioners-kidnap-and-torture-financial-adviser.html
"The parent of the Hav-A-Tampa is closing its Tampa cigar production plant, idling nearly 500 employees.
Altadis U.S.A., Inc., which owns the longtime cigar-making operation, plans to cut a total of 492 jobs at its facility at 3901 Riga Blvd by Aug. 24, according to a mass layoff WARN notice filed Tuesday with the state.
A company spokesman was not immediately available for comment."
Wasn't considering the byproducts at all. This is all from some 2002 Harvard study, from memory.
My envelope says...
Right now, 14m gallons of gasoline per day, 365 days a year = 5.11 x 10^9 gallons needed
90m acres x 500gal/acre = 4.5 x 10^10 gallons
Have to assume a lot of cracking inefficiencies, etc.
No idea of the costs, sorry.
And, I really don't mean to go on and on about this. Just that subsidizing corn and soy ethanol were political rather than technical decisions.
Potency of herb would go down as nonselective breeding would bring down the THC levels
Fixed it for you...
Just as beer and wine have supplanted hard liquor, once the risk premium drops, the value of very high concentration does as well. The 'quality' can be more than just the active ingredient. Hard liquor quality is still very good, and potency is fine, but people don't drink nearly as much as they used to.
If derivatives were forced onto an exchange and marked accurately the American banking system would likely collapse immediately.
It's all rust. There are no spare parts.
Went to a couple pot farms in NorCal a few months ago... Excellent quality to much supply for the current supply chain.... Dont know how it works for ethanol tho... It burnt just fine with out the refinement...
Clearly a lot of you here know NOTHING (cramer - he knows nothing! NOTHING!) about the green leafies. It's not just about the % of THC......man, I wish CSC were still here to let him go at schoolin ya. Ive said far too much that ive heard second hand already.
let me just ask for a show of hands, as to how many of you have visited a medical marijuana clinic? It's very very instructive.
Verified Identity Pass Shuts Down
"NEW YORK (AP) -- Verified Identity Pass, a company that promised to speed passengers through airport security checkpoints for an annual fee, has shut down, leaving some frequent fliers looking for options to avoid long screening lines and wondering what will happen to the personal information they gave the company."
OOps.
I watched the CNBC Special Report. Does that count?
sn_landlord...wow...no wonder I got such a hard sell recently from them while standing in a long line at the airport. I couldnt dog the guy either, no place to go. Had to finally pretend i was first class...worked long enough to get away and let him attach his suckers to someone else. But I lost my place in line.
shill said: "...yes we have we have!hanky panky Paulson made the same threat last year if they didn't get the $750,000,000,000 bailout money..
and as it turns out..they picked $750,000,000,000,000 because...
"we decided to pick a really,really big number"
and as it turned out the money never went to the banks because the money was simply looted from the treasury and sent to offshore accounts..."
I don't know if any of that is true, but PBS' Frontline piece "Breaking the Bank" was an eye-opener.
It turns out the the money-center banks didn't go hat-in-hand to the Federal Government saying "We've got to have TARP money or we're going out of business and taking the system with us." Instead, Sec'y Paulson forced them to sell equity stakes in their banks to the Government in exchange for TARP money.
Not precisely the story we were told.
Sorry. "Sold.":)))
This also explains why some of those banks are now ready to return that TARP money: They didn't actually need it in the first place. Puts the entire "liquidity crisis" in rather a different perspective, blown out of proportion by Paulson and Bernanke for the purpose of a power-grab, in the same way the Bush Administration ginned-up the Iraq threat as an excuse to invade.
Sebastian
Walked by one in SF but didnt go in. Seemed there was a bouncer only letting people with the Rx in....
Conserative San Diego waited till 2 day after I left to open their first.... 4 blocks from my ole apt mind you...
Zach, TARP,
I'm very skeptical that we can "grow" out of our dependence on oil:
Robert Bryce: The Cellulosic Ethanol Delusion
I posted this a while ago... Enjoy for those that havent seen it... Hulu - CNBC Originals: Marijuana Inc. - Watch the full episode now.
Id have to see the report myself to know.
Ha....they managed to dupe one person with the frontline story. Who'd have guessed who here on hoocoodanode that it could possibly be???.
"Hemp seed oil is equivalent to diesel and produces full engine power with reduced CO and 75% less soot and particulates. "
Do you get a buzz if you're stuck behind a big truck in traffic and it's running this stuff for fuel?
This seems like the best idea to me that I've read so far.... Then again "They (I) know nothing!" Startup Says It Can Make Ethanol for $1 a Gallon, and Without Corn
I still can hear Cramer shouting that one... LOL....
No sterile.... (Thats actually just a rumor btw...)
"So, what I'd propose to do about it is grow it as a cotton substitute. "
Presumably there's stucco in France over 400 years old that used hemp in lieu of horse hair. The hemp fiber has begun to petrify, but the stucco is holding up. That's about as green as it gets....
"Executives at U.S. companies are taking advantage of the biggest stock-market rally in 71 years to sell their shares at the fastest pace since credit markets started to seize up two years ago. Insiders of Standard & Poor’s 500 Index companies were net sellers for 14 straight weeks as the gauge rose 36 percent, data compiled by InsiderScore.com show."
~~~~
Run for the exits ... the trend is not your friend ...
@Zach - are you sure your number isn't 14M Barrels of gasoline? At 20M barrels of oil a day x approx. 20 gallons of gasoline produced from each barrel (varies depending on the mix being refined), that'd be 400M gallons of gasoline/day. Plug that into your formula.
DOE suggests 390M gal/day for motor gasoline consumption (just under 10Mbpd). (Home - Energy Explained, Your Guide To Understanding Energy
I'd never ever get a medical 420 license, it'd make it so easy for the bad guys to round you up, when push meets shove.
" Juvenal Delinquent (profile) wrote on Tue, 6/23/2009 - 2:30 pm
The local Catholic priest has some friends that make moonshine somewhere in the SE, and he shared a wee bit of it with me.
About 199 Proof or thereabouts..."
Alcohol forms an azeotrope with water and cannot be distilled to greater than 190 proof.
Verified Identity Pass, a company that promised to speed passengers through airport security checkpoints for an annual fee, has shut down
Terrorists win again.
re the Geritol Gang:
The money quote:
""I had no reason to be afraid."
Investing pensioner funds in Florida real estate?
let that be a warning to the rest of them.
Ciao
MS
"Alcohol forms an azeotrope with water and cannot be distilled to greater than 190 proof."
You can dessicate the alcohol vapor with corn starch, or pressure distill the water out. Not so important for drinking, but if you want to have it miscible with gasoline.
Florida real estate has the potential to be underwater in more ways than one...
Yep, I'm wrong... 9.28m bpd or about 390m gallons of gasoline per day according to EIA.
That would need about 300m acres in hemp.
"Terrorists win again."
Yup. Now only people who can afford private jets can expect to be treated better than cattle at the airport. At least in the U.S.
I expect more people to simply give up on flying. I already have, except in exceptional circumstances.
"The local Catholic priest has some friends that make moonshine somewhere in the SE, and he shared a wee bit of it with me.
About 199 Proof or thereabouts..."
"Speereet" In Siberia it's a warming beverage, and can also be used as a coolant in jet engines.
mp
Unscrupulous financial advisers, beware!
The "Geritol Gang" is ready to break your ribs with their walkers.
Mr Amburn, the boss of an investment firm called Digitalglobalnet
How can anyone trust their money with a firm with that name?
"How can anyone trust their money with a firm with that name? "
They were investing "black money". In cases like that, your choices of investment vehicles are somewhat limited.
Two quick points on older mortgage tranches downgrades: