Jain Predicts Silicon Valley Housing to Fall another 60% or More

According to Jas Jain, the price of housing in the Silicon Valley of California has another 60 to 70% to fall.

Real Estate - Best Mortgage Rates

-------- Original Message --------

Subject:	Re: Deflation or depreciation?
Date:	Thu, 19 Nov 2009 06:51:30 -0800
From:	Jas Jain

FWIW, my forecast of ten years ago was: What we have witnessed in Detroit Area (high tech area of 1900s, 1910s and 1920s) for the past 20-30 years would be witnessed in Silly.con Valley, home to the clueless in America.

The fraud-based economy would disintegrate during the Greater Depression. Dopes in Silly.con Valley are complacent because they have been saved by various bubbles supported by debt, but that game always ends very badly. Housing prices in the Con Valley have 60-70% further to fall.

Jas

-------------------------------

> http://www.detnews.com/article/20091117/METRO/911170327/1411/METRO02/Silverdome-sale-price-disappoints
>
> Good grief, that's a negative 13.9% annualized return! Detroit just can't catch a break. I thought real estate always went up? What gives?
>
> Oh well, it's obviously an isolated event, just like Japan. That kind of thing could never happen in my hood. Besides, real estate is the foundation of our money supply. Bernanke would never let prices fall.
>
> All kidding aside, the massive deflation taking place in Detroit highlights the theft that finance has perpetrated against America. Detroit's losses are the gains of the inflation shufflers in NYC.

____

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Paul Krugman a Dope & Witchdoctor says Jas Jain

According to Jas Jain, Nobel Prize in economics winner Paul Krugman is not only a witchdoctor but a "born-and-bred American dope."

-------- Original Message --------

Subject:	EXPOSING Witchdoctor Krugman
Date:	Fri, 13 Nov 2009 08:50:03 -0800
From:	Jas Jain

Thomas Farley said...

As I'm sure many have noticed, Krugman was deriding German "obstructiveness" and "boneheadedness" last December when attacking their response to the recession.

Today, he thinks they're a role model.

Last year he said to "hold your nose" and support the TARP, this year he laments that banker-friendly bailouts are unpopular with voters.

I think it would be useful if he showed his readers how he gets from one view to another and how they are reconciled. As it stands, it just looks like a weather report on which way the wind is blowing.

http://krugman.blogs.nytimes.com/2008/12/11/the-economic-consequences-of-herr-steinbrueck/

http://economistsview.typepad.com/economistsview/2009/11/paul-krugman-free-to-lose.html#comments

-x-x-x-x-x-x-

Vow! I had dinner with a friend over the weekend and he said that Krugman seems very smart but he can’t understand Krugman’s views.

The most important thing to note is that Paul Krugman is a born-and-bred American dope, in the area of economics!, first and anything else, e.g., Nobel Prize winner in economics, after that. Being a born-and-bred America dope trumps all other accomplishments when it comes to understanding the American econo-political system. This handicap is very hard to overcome. Other born-and-bred American dopes (among economists) in the area of economics that have done lot of harm are--Bernanke, Greenspan and Summers.

Jas

David Rosenberg Report - Free subscription

How to Get A Free subscription to David Rosenberg’s Reports

-------- Original Message --------

Subject:	Free subscription to David Rosenberg’s Reports
Date:	Wed, 19 Aug 2009 07:49:30 -0700
From:	Jas Jain

The best economist, by far, on the US economy and the markets is, and has been for years, Canadian-born David Rosenberg. Thank God that he is not a born-and-bred American dope like Ben Bernanke, Warren Buffett, Alan Greenspan, Bill Gross, Don hays, Richard Russell, etc. A born-and-bred American dope has psychological problems in coming to terms with the reality of the American econo-political system and the future of the US economy.

Rosenberg moved back to Canada after Merrill Lynch was acquired by the biggest crooked conglomerate that rhymes with Gang of AMERIKA and the two best commentators in America, Richard Bernstein and David Rosenberg, left because they saw threat to their independence. That is what happens when crooks are allowed to take greater and greater control of a country. AMERICA IS IN PERPETUAL DECLINE AND A BORN-AND-BRED AMERICAN DOPE LIKE BUFFETT CAN NEVER COME TO TERMS WITH THIS NEW REALITY AND HIS RECORD WOULD SHOW THAT. Buffett dopes beware!

Those who wish to get Rosenberg’s commentaries can get a free subscription at:

• http://www.gluskinsheff.com/

Jas

Anglo-America Empire, Debt, Inflation, and What Is In Store

Jas Jain comments on what he predicts lies ahead for large democracies:

Blood Will Conquer Money! Therefore, there is lot of blood in the future of America, India and all large democracies. More ethnically diverse a country more blood will flow. Ethnic violence, and not a plague, will cause hundreds of millions of deaths, worldwide, before plagues become a major threat due to loss of law and order following the collapse of the current forms of governments.

-------- Original Message --------

Subject:	Anglo-America Empire, Debt, Inflation, and What Is In Store
Date:	Wed, 5 Aug 2009 18:40:34 -0700
From:	Jas Jain

Rich : “Jas. How would this outlier article mesh with your thinking?”

http://www.oftwominds.com/blogaug09/KaPoom2CHS.htm

Hello Rich,

Inflation trend in Argentina as a guide to what lies ahead for America? America is not Argentina, or “Weimar Germany,” or Zimbabwe. America is the latest standard-bearer of the greatest economic and cultural empire, a hegemon, in the world history. The geographical extent of its influence is due to the advances in communications and transportation. If one were to find a single cause for the success of the Anglo-American Empire, rather than a French or a German empire, it is the power that the creditors have exercised over the government, for the past 400+ years, and how these governments have protected and served the creditors at the expense of the rest.

In the case of America it is crystal clear. Bankers of London, then Philadelphia, and later New York City, have had enormous influence on the US govt since its founding as an independent nation except for a brief period under Jackson. Madison, an aristocrat, who had great deal of influence in the writing of the Constitution of the United States of America, wanted no part of the ordinary people having influence over the federal govt and he wanted to make sure that creditors are protected because all landed aristocrats and kings have depended on the god graces of wealthy creditors. I don’t even need to mention what Hamilton thought on the subject. The Jay’s Treaty, in 1795, protected all the British creditors’ claims in the US despite the British defeat in the war. American public was incensed; Jay’s effigy was burned all over the country and Jay, a very able Founding Father, took a huge political fall. Thomas Jefferson owed quite a bit of money to the British creditors most of his life. Wars were won and lost, in most cases, by nations who could borrow more money. The Anglo-American victories in WW I and WW II over Germany had everything to do with much greater access to the capital, or credit, by the governments of the Great Britain and, especially, the United States.

As an aside, the main reason that the Congress Party has ruled India for the most part is that it was supported by the local moneyed interests, even during the British Raj. Before Gandhi came on the scene, Motilal Nehru was one of the most powerful persons in the Congress Party. An elected President of the old Congress party under the British Raj, Subhas Chandra Bose, was forced to resign because he was too radical for the taste of the rich and Motilal forced Bose to resign. We have a Nehru clan ruling India because Motilal Nehru was smart enough to keep the local rich, marwaris, Parsees, etc., happy and remain influential. After being snubbed by Congress leaders Bose fled India and fought on the side of the Germans and the Japanese with support from the two governments! Moneyed people could care less what is fair and what is just as long as they can protect their money and power. India's rich knew that the local (Indian ethnics) politicians were far more corrupt than the British rulers and they would do very well under a local democracy. They have done splendid. What a coincidence!

What is your point, Jas? The point is that there is no evidence of the governments of the Great Britain and the USA ever attempting to inflate away their sovereign debt and screwing the creditors. One simple reason is that the creditors control these governments. The two famous Morgans, during their tenure, were not the wealthiest Americans, by a long shot, but they were more powerful then Carnegie, Chase, Gould, Harriman and the Rockefellers combined. Goldman Sachs and the rest of the gangs took over where the Morgans left even though the Morgan name is still alive and well in two large financial firms. If someone can present a convincing case to me that inflating away the USG debt would be good for Goldman Sachs and the rest of the banking and financial gangs that control the Fed and the USG I will sell my US Treasury holdings and become an inflationist. The Fed has been pursuing a controlled-inflation policy and for the most part it has been fighting deflation with policies to induce ever-increasing consumption debt. The Fed is already losing the fight! The easiest way to incite nationwide riots in America is if the inflation rate reaches 10% and stay there for a year or two and the government does nothing to bring it under control. Depressions are bad enough but inflationary depressions are a threat to the governments and law-and-order, in general.

Inflationists simply don’t understand who all will gain from the Fed and the USG pursuing an inflationist policy and who all will be on the losing end. Any born-and-bred dope that can be made to believe that democracy is the best form of political system, a pure propaganda, is ignorant of history and is incapable of understanding what drives the economic process in America and elsewhere because his, or her, economic view is a propaganda view point. These people are bred so as to be easy to brainwash with “facts” from “experts.” If you think that Americans consume too much junk food you have no idea how much junk ideas they consume in the areas of economics, investments and politics. Doping of Americans has been a systematic process. Inflation dopes are a fine products of that propaganda system.

Are We Approaching the End of the Anglo-American Empire?

Democracy = Domination of Money, or de facto rule of the wealthy. What will end the excesses of the moneyed crooks of Bombay, London, Moscow, NYC, etc? People will fight the crooks with their votes?? For all practical purposes the common voters are politically impotent but since they have been doped since birth they love to vote and feel good about this idiotic ritual.

Blood Will Conquer Money! Therefore, there is lot of blood in the future of America, India and all large democracies. More ethnically diverse a country more blood will flow. Ethnic violence, and not a plague, will cause hundreds of millions of deaths, worldwide, before plagues become a major threat due to loss of law and order following the collapse of the current forms of governments.

Be Safe!

No “expert” on economics and politics,

Jas

Rasmussen Poll: Barack Obama Approval Ratings

Comments on Sharp Decline In Obama's Approval Rating

-------- Original Message --------

Subject:	Election of Another Failed Leader? -- FWC: Rasmussen Poll [On Sharp Decline In Obama's Approval Rating]
Date:	Thu, 9 Jul 2009 12:10:20 -0700
From:	Jas Jain

From: Dean

Subject: FW: Rasmussen Poll

Date: Thu, 9 Jul 2009 10:36:40 -0700

Subject: Rasmussen Poll

This chart represents those who strongly approve of President Obama minus those who disapprove as of July 9th. according to the Rasmussen organization.

The Age of Propaganda, begun in America under Wilson, has finally born the bitter fruits whereby only manipulators can rule over the American People, both in politics and in economics. The American People have no easy recourse because manipulators are not going to give up easily as they do control all the important institutions.

The best example of the politically impotent American People are those Republicans that blame the “dems” or the liberals and the Democrats that blame Reagan and GW Bush, or Republicans, in general. These two parties are the best example of organized gangs. Only those with blind faith in the system vote for these agents of the more powerful organized banking and finance gangs led by Goldman Sachs.

Most Americans don’t recognize organized gangs when are made legal by the power of the gangs themselves, or when the gangs take over the system, as is the case in America today. These Americans are victims of blind faith in the system and in legalism, a morally bankrupt ideology (anything can be made legal by those in power).

Obama is the best proof of my claim that America cannot be changed for the better via vote as long as the banking and finance gangs exist and have iron grip on the political process. Like all systems, democracy, as it is practiced today, has reached its end stage and has turned into a bad political system with moneybags in total control. Of course, an American always wants to know what the alternative is. The alternative would emerge after prolonged violence and widespread unrest. Rise to power of the American Hitler is the most likely outcome, but there could be another alternative that might succeed.

Click image to see full size

Jas, the Prophet of Doom and Gloom

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Daily Savings	6/4/09	0.42%	Vanguard Prime Money Market Fund
Tax Exempt	6/4/09	0.45%	Vanguard Tax Exempt Money Market Fund
High Yield MM	6/4/09	2.30%	Tennessee Commerce Bank in Franklin, TN
3-Month Treasury	6/4/09	0.14%	US Treasury Rates at a glance
6 Months	6/4/09	2.10%	Ally Bank
6-Month Treasury	6/4/09	0.26%	US Treasury Rates at a glance
1 Year	6/4/09	2.80%	Ally Bank
1 Year Treasury	6/4/09	0.46%	US Treasury Rates at a glance
18 - Months	6/4/09	2.72%	newDominionDIRECT.com
2 Years	6/4/09	2.75%	Ally Bank
2 Year Treasury	6/4/09	0.91%	US Treasury Rates at a glance
3 Years	6/4/09	3.50%	Pentagon Federal CU
3-Yr Treasury	6/4/09	1.49%	US Treasury Rates at a glance
4 Years	6/4/09	3.75%	PenFed Credit Union
5 Years	6/4/09	4.00%	Pentagon Federal CU
5 Yr Treasury	6/4/09	2.55%	US Treasury Rates at a glance
7 Years	6/4/09	4.00%	Pentagon Federal CU
5 Yr Treasury	6/4/09	3.30%	US Treasury Rates at a glance
10 Yr Treasury	6/4/09	3.70%	US Treasury Rates at a glance
10 Years	6/4/09	4.00%	Discover Bank
30 Yr Treasury	6/4/09	4.58%	US Treasury Rates at a glance

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Index of Small Business Optimism; Depression Ahead Says Jas Jain

Jas Jain is still predicting we fall into a depression.

-------- Original Message --------

Subject:	The Most Important LEADING Index of the US Economy Shows Continuous Downturn
Date:	Tue, 14 Apr 2009 16:14:16 -0700
From:	Jas Jain

The Most Important LEADING Index of the US Economy Shows Continuous Downturn

“The Index of Small Business Optimism fell 1.6 points in March to 81.0 (1986=100), still the second lowest reading in the 35 year history of the NFIB survey (80.1 is the low, reached in 1980Q2). Two of the Index components improved and 8 declined. There we no components that delivered a strong signal of improvement, that will have to wait for the April survey.”

When this index falls below 80.0, and remain below that level for three months, the probability that the US has entered a depression is very high. Of all segments—BIG Business, Consumers, and small business—small business does the worst during a prolonged depression and the BIG Business, headed by crooks that control the Fed and the US government, does the best for the simple reason that the US government stands ready to help the BIG Business as much as it can without widespread public revolt (riots are OK!)). If born-and-bred American dopes want change they would need a Million Gunmen March on New York City!! The lazy exercise of a vote for Barack “No Change” Obama wouldn’t do it.

Rogue economists never mention this index in their outlook.

Jas

Contrast this with ECRI which says otherwise.

Friday, April 03, 2009
Upturn in ECRI's WLI Growth Rate Says US Business Cycle Recovery Ahead
Today the Economic Cycle Research Institute, or ECRI an independent forecasting group based in New York, said its Weekly Leading Index (WLI) moved hither and its growth rate rose to a 23-week high signaling a turn in the business cycle is on their radar.

The WLI and its growth rate are designed to predict future turning points in the business cycle (recessions and recoveries.)

• More about ECRI
• Discuss the data with Lakshman Achuthan, managing director at ECRI, in our facebook forum "ECRI - Economic Cycle Research Institute." If you are not already a member, then you may need to request invitation to "Investing for the Long Term" on Facebook.

==> Very Best CD Rates with FDIC <==

Warren Buffett and US Government

Jas Jain says "My forecast remains collapse of the system, as people have known it, by 2030. Lot of internal violence would take place before that happens."

-------- Original Message --------

Subject:	Re: Buffett: “[US] Govt Would Play Very Important Role” In Managing the Economy
Date:	Mon, 9 Mar 2009 18:03:55 -0700
From:	Jas Jain

From: XXXXX

Subject: Re: Buffett: “[US] Govt Would Play Very Important Role” In Managing the Economy

Date: Mon, 9 Mar 2009 09:03:30 -0700

“It's over, Jas. The tipping pt. has occurred on our way to collapse of civil society, social/ethnic disintegration, lawlessness, and barbarism.”

Not that it makes me proud or anything, some of us have known this for years. What was worse was to watch Crooks gain more and more power and control and “educated” Americans, fully "informed" by propaganda, helping the Crooks. The Scam Market being the perfect example of that. There was nay a secret what the Crooks were doing and how. What part of Pushing Debt is evil an American doesn't understand? And it was done openly. Financial, or economic, criminality of the US govt and the economic elite has never been exceeded by any govt, or any plunderer, in all of recorded history. Trillions of dollars have been appropriated to financial criminals. Property rights and contract laws have been fully disregarded in the name of saving the financial system. We don’t have time to worry about principles and propriety.

“And historically it is from this kind of vacuum that reactionary demagogues and aspiring dictators so often emerge and seize power in an orgy of escalating violence, terror, and mass-social trauma.”

It doesn’t help that Americans are history ignoramuses. At least on this count there is a near unanimous agreement. What is disturbing is that every college trained American thinks that he is not ignorant of history and that he is not one of the dopes. Talk about self-delusion and conceit. The question is: Why Americans are kept ignorant of the true history as opposed to the propaganda version of the history—America is a great nation, blah, blah—they are taught? Would America’s ruling elite want Americans to know that they have been a bunch of thieves and Crooks?! That America has been a rogue nation for a long time now? Being successful doesn’t imply being good. Americans have been systematically bred to be dopes for a reason. It wasn’t easy to turn American huckster into a dope but with the help of “experts” it could be done. And it was done. Now, as Americans like to say, the chickens are coming home to roost.

“I have yet to discern whether we should expect a rapid descent into the dark abyss or a long, grinding decline.”

My forecast remains collapse of the system, as people have known it, by 2030. Lot of internal violence would take place before that happens. Lest one forgets America has been a very violent society thru its 400 years of history. And there were always “experts” and leaders to justify the violence. For the past 100 years or so most of the American violence took place away from home but it would return home soon enough. What goes around comes around!

Jas, the Prophet of Doom and Gloom

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