flavioribeiro
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Real Name: Flavio Ribeiro
Member Since: 2006-08-01
Homepage: http://www.ime.usp.br/~fr/
Favorite Sift: America: From Freedom to Fascism - full
Last Power Points used: never • Available: now
Max Power Points: 1
Homepage: http://www.ime.usp.br/~fr/
Favorite Sift: America: From Freedom to Fascism - full
Last Power Points used: never • Available: now
Max Power Points: 1
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1
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Member Stats
Rank: 192
Rating:
42 star points
Votes Received: 1186
Votes Cast: 689
Comments Posted: 141 • browse
Sifted Videos: 37
Sift Talk Posts: 2
Dead Pool Fixes: 5
Profile Views: 4575
Rating:
42 star pointsVotes Received: 1186
Votes Cast: 689
Comments Posted: 141 • browse
Sifted Videos: 37
Sift Talk Posts: 2
Dead Pool Fixes: 5
Profile Views: 4575
In reply to this comment by flavioribeiro:
Yeah... *dead
In reply to this comment by flavioribeiro:
I wonder how much Bernanke can actually do. The only instrument the Fed has to immediately act on the stock market is the interest rate. But back in December, Bernanke and everyone else knew that cutting interest rates would promote inflation and another credit bubble. So he decides against it, just like the European Central Bank decided this week.
But the market tanked, because traders don't give a damn about inflation. Actually, they can't even care about long term perspectives, because if they did the market would crash. They want to see stocks rising in the short term, and it's up to Bernanke to keep the music going.
Back in December, Bernanke made the responsible choice of controlling inflation and preventing further long-term damage to the economy. Bernanke was hoping Bush's tax rebate proposal would have some effect, but it didn't. On MLK day, world markets took a dive and the forecast for the next day was a historic plunge on the Dow. It was already being called the Black Tuesday.
So Bernanke and the board of the Fed convened and decided on a 0.75% emergency rate cut, because the way they saw it, they could either have a crash right then or worry about the dollar some other day. They decided to postpone the problem, and made the cut.
It worked for a day. The Dow closed lower, but it didn't crash. On Wednesday, it degenerated during trading hours and it was pretty obvious that traders were going short. In came the PPT, the Plunge Protection Team, also known as the Working Group on Financial Markets. Created by an executive order by Reagan, these guys give recommendations to the private sector for "enhancing the integrity, efficiency, orderliness, and competitiveness of [United States] financial markets and maintaining investor confidence". No one knows what the hell they talk about in their meetings, no one has access to the minutes and they respond to no one -- not even to Congress.
The rally on Wednesday afternoon had all the signs of concerted stock manipulation originating in the futures market. The rise started tentative at best, but the index was propped up by very well timed buying over an essentially perfect trendline. The first leg of the rise scared the folks who were short, but a lot held on. But they couldn't handle the second leg, closed their positions and made the stocks surge up with incredible volume.
The panic is over, at least for now. But the market's pricing in a 0.5% cut for the Fed's next meeting, which happens in a week. If they don't cut, the markets will fall AGAIN.
Ron Paul said many times that the credit problem is like an addiction, and I can't think of a better description.
To be honest, I sometimes think people have largely given up on perpetual motion machines because the general feeling of the development of energy resources is just so negative these days. Probably has something to do with the US's foreign policy, hmm.....
In reply to this comment by flavioribeiro:
I'm glad to be of service.
Does the science channel get perpetual motion sifts often?
I'd like to see someone claim to extract zero point energy on TV. Magnets and resonance get boring after a while
In reply to this comment by flavioribeiro:
This is a textbook case of a bogus free energy claim.
It has the inventor without a scientific background, the engineer with no credentials, zero technical information and a clueless reporter talking about magnets.
I glanced at this guy's patent application, and all he describes is a crude, specific way of controlling a motor in order to alternately operate it as a motor and a generator.
The Australian Skeptics is a group dedicated to investigating claims such as this, and they've investigated Lutec (this inventor's company) in 2001. Here's the executive summary: the people at Lutec don't even know what the physical definition of work is, they didn't properly calculate this device's efficiency and are most likely trying to con small investors into wiring money to an account in Singapore: http://www.skeptics.com.au/journal/2001/3_lutec1.pdf
no, i didn't know the second, which only means you rock even harder.
rock on, sir.
In reply to this comment by flavioribeiro:
Thanks. This really is the best RP video around, and I would've never seen it if not for your post.
Did you notice that the original author is from Iceland? Also, GHoeberX (author of Ron Paul Rising) is Dutch. People from around the world are starved for this message.
In reply to this comment by my15minutes:
allow me to reiterate.
http://www.videosift.com/video/Ron-Paul-supports-a-free-and-open-society
you fuckin' rock, sir.
http://www.videosift.com/video/Ron-Paul-supports-a-free-and-open-society
you fuckin' rock, sir.