Anna Schwartz Speaks

I hate to keep on yelling the sky is falling. This will be the last time, I promise. Please bear with me one more time.

http://www.jsmineset.com/

Posted On: Tuesday, October 28, 2008, 6:03:00 PM EST

Anna Schwartz Speaks On Why Inflation Will Return

Author: Monty Guild

Dear CIGAs,
Anna Schwartz is 92 years old and is one of the world's most respected economists. She co-authored with Milton Friedman the brilliant work A Monetary History of the United States, and has worked with the National Bureau of Economic Research for 67 years. She retains her emeritus professorship at the Graduate Center of the City University of New York.

Dr. Schwartz has recently been speaking out on the ad-hoc nature of the bailout programs that Finance Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke have cobbled together recently. We find her interview in this past weekend's Barron's to be an extremely important read.

In it Dr. Schwartz discusses her prescription for how policymakers should change their approach.

1. "Stop managing by press release...Ad hoc program announcements have only undermined faith in the U.S. financial system..."

2. She suggests that they turn off the liquidity that is flooding the world banking system. "The federal government needs to turn off the liquidity spigot and quarantine bad assets."

3. Policy makers need to be more transparent. She says "It's like there's a bunch of guys that are making it up as they go along. They talk about transparency and what they present is opacity, programs that don't make sense, or are not yet fully laid out. This only increases the already high level of uncertainty and anxiety."

4. The problem of pricing illiquid assets must be addressed. "The problem comes from the introduction of new instruments and the difficulty in pricing these securities or pools of mortgages. The trouble is that mortgage pools are made of good, bad, and insufficient mortgages, and it's hard to name a price. To make matters worse, the rating agencies were used to rate the securities. And they came up with ratings in an arbitrary manner without really doing due diligence. Now no one has any idea of how to price these securities. And the rating agencies are lowering the ratings on some of the instruments to which they have given top grade."

5. The ability to determine who is solvent has yet to be addressed before banks are comfortable lending. "Another spinoff from mortgage-backed securities is credit-default swaps. There was no way of evaluating what effect a downturn would have on the derivatives markets and their counterparties. Few who deal in the derivatives market have a clear notion of their responsibilities. We have a bewildering array of instruments with uncertain prices. And as a result, we don't know who's solvent and who's not. The problem comes from a lack of ability to price the instruments, not a lack of liquidity. Evidence of the banks' unwillingness to lend can be seen in the most basic Federal Reserve statistics,..."

6. Do not disregard the inflationary effects. "Since mid-summer, Fed credit appears to have ballooned greatly, and that's behind the upward pressure in the consumer price index. The Fed pooh-poohs inflation because of a perceived slowdown in oil and gas prices. But theoretically any increase in the monetary base must be met with a tightening if inflation is to be avoided. Right now the Fed is pursuing a pro-inflation strategy by lowering interest rates and showering the banking system with liquidity. They're not even considering inflation."

We agree with Dr. Schwartz that the therapies being applied to fix the banking system have shortcomings and severe consequences. Expansionary fiscal monetary policies will lead to inflation down the road...how far down the road is the question. We find it surprising that Dr. Schwartz did not receive the Nobel Prize for her work on economics. Nonetheless, what she has to say now is very important and we believe her voice should be heard.
Thanks for listening,
Monty Guild

The complete article can be found at: http://groups.google.com/group/alt.prophecies.nostradamus/browse_thread/thread/190b7465e48fa2de

美成功刪除小鼠「痛苦」的記憶

2008.10.24　 中國時報 黃文正／綜合報導

　在電影《王牌冤家》（Eternal Sunshine of the Spotless Mind）中，凱特．溫斯蕾與男友金．凱瑞分手後，前往「忘情診所」將有關他的一切記憶全部刪除，以揮別痛苦回憶，迎接新生。美國科學家說，這樣的電影情節，幾年之後可能真的會發生。

　美國「喬治亞醫科大學」的研究人員以小鼠作實驗，成功將其不愉快的記憶刪除，而且不傷害到大腦。研究人員在小鼠大腦中找到特別的蛋白質「CaMKII」，這種蛋白質在記憶結構中具有關鍵功能。研究人員找到一種化學基因方法，能夠開啟或關閉CaMKII的記憶分子，永久刪除小鼠的特殊痛苦記憶。

　研究人員表示，利用這種方法可消除小鼠的特殊痛苦記憶，卻不會影響其它記憶。不過，距離人體臨床試驗仍有漫長距離。喬治亞醫科大學「腦部與行為發現研究所」的錢卓博士（ Joe Tsien）說：「我們所研發的分子範例若對人類進行實驗，或許也具有同樣效果。但這可能還要幾年、甚至十年以上，才會發生。」

真空中撕透明膠帶 會釋放X光

2008.10.24　 中國時報 潘勛／美聯社紐約廿二日電

　美國物理學家發現，只要在真空室內撕下常見的透明膠帶，就會釋出大量的Ｘ射線。專家甚至用這樣產出的Ｘ射線拍下自己手指的Ｘ光照片，此外還為這項發現申請專利，打算未來研發新型Ｘ光成像機。

　事實上，在五十多年前，有些蘇聯科學家便報告說，把透明膠帶由玻璃上撕下來時，會出現Ｘ光。但美國新的研究成果顯示，在適當條件下，人力就可以弄出很多Ｘ射線。

　加州大學洛杉磯分校研究生艾斯科巴與其同儕把這項發現發表在廿三日出刊的最新一期《自然》周刊。艾斯科巴指出，只要能掌控這種程序，或許能造出便宜的Ｘ光成像機，供緊急醫護人員使用，或者在電力昂貴及難以取得電力的場合下使用。

　洛杉磯加大完成的新研究，是在真空室中用一台機器以每秒約三公分的速度，把成捲的尋常透明膠帶撕開，Ｘ射線的脈衝波便由膠帶分離處迅速湧出。艾斯科巴表示，那是因為電子由膠帶捲跳出來，撞到透明膠帶有黏性的那一邊，然後速度減緩，過程中電子便釋出Ｘ射線。

　那麼使用透明膠帶會不會對人體造成健康傷害呢？艾斯科巴表示，有空氣存在，就不會造出Ｘ射線；必須在真空中才行。「美國放射學院」所轄「醫用物理學委員會」主席赫維齊表示，由這項新發現來研發Ｘ光成像機的點子很有意思，值得進一步研究。

「乳」字的解釋

一小學老師在和學生解釋「乳」字的含義：乳即是小的意思，比如乳鴿、乳豬等，並要求小明用乳字造句。
小明：因為現在房價太高了，所以我家只能買得起50平方米的乳房。
老師大汗，說：「再造一個！」
小明：我年紀太小，連一米寬的乳溝都跳不過去！
老師再次大汗：說再造一個！
小明：老師我真的想不出來了，我的乳頭都快想破了！

不錯的魔術表演

請各位好友慢慢觀賞.

Jerome Murat
上传人： jobaga

还能活多久?

上个月去参加校友会,一个女医生做了一个报告(对60岁的人):

1. 每天运动加一分 (body)
2. 每天学新的东西加一分 (brain)
3. 每天 sex 加一分 (不一定须 partner) (body hormone, chemistry)
4. 每天乐观,充满希望加两分 (生命力)

一週下来 (x7), 你得幾分?
答案在comment

者來無後

背後的大眾廟，聽說當初鄭成功來時很多戰死的荷蘭人都葬在廟後，故稱“大眾廟”。


臺南的鹽田，目前大致已廢棄，改為工業園區。
沒錯，你看到的是“白”鹽。


這些白鷺絲，猜猜看。。。中間為何留著一條通道？？

答：中間那裏水深，入水口沖刷所致。


一大早 6:00am 到臺南鹽水溪騎車。


回來參加姪女的婚禮,後天打道回府.
猜猜看這是哪裡？
（tofu說的沒錯，鄭成功廟）
離我家100公尺，小學放學後常來這裡打棒球。

This kid is fun

second video - Jukebox Hero

China report urges missile shield

The draft, a copy of which was obtained by The Washington Times, said Chinese strategy goes beyond building forces capable of retaking the island of Taiwan. China seeks to "break out" by projecting power beyond its region including sea lanes that carry energy resources for its modernization, the document said.

一把韭菜花 勝過 三支龍蝦

牛津大學無機化學博士 陳耀寬教授針對男人性功能障礙調查，發現勃起障礙的兇手：心血管疾病與糖尿病居第1,2名.

根據朝陳教授的研究報告指出，韭菜籽的有機鋅含量是龍蝦的3倍, 因此吃一把韭菜花壯陽效果相當於3隻龍蝦，但龍蝦有膽固醇；。根據醫學研究報告，「有機鋅」可以防止攝護腺腫大，提昇男性性功能、精蟲數，並改善陽萎、頻尿、尿失禁等問題。

而且「有機鋅」對女性的幫助也很大，他能幫助女性經期順暢，預防不孕症。除此，還可以抗癌，抗氧化衰老，強化血球細胞活化，促進傷口癒合，預防青春痘皮膚乾燥等問題。

但要注意, 陳耀寬教授表示，有性功能障礙的男性，大多數會食用許多壯陽的補品，諸不知性功能障礙真正的病因是高血壓、心血管疾病與糖尿病所引起。如果不從根本病因治療，無論吃再多的壯陽食品藥品也都無濟於事，吃了過多的補品，不但沒有增強性能力，反而提高血脂肪與血糖，讓病情更為嚴重。

$1 Quadrillion of Unregulated Debt At Core of Coming Derivatives Crisis

1 quadrillion = 1000 trillion