Good Morning!! It is going to rain again today... YIPPPEEEEEEE!!!!!!! BAH!

Well, it seems that the predictions of myself and many others for an Autum disaster are starting to get MSM attention.

Signs of a new financial storm for September coming from Dubai and Saudi Arabia
by Maurizio d'Orlando
Dubai calls on the Rothschild bank for help, perhaps out of desperation. In Saudi Arabia a Saad Group company defaults. US, European and Asian banks are struggling. The end of Ramadan in September might mark the start of an economic depression worse than that of the 1930s.

Pretty bad when we are getting laughed at.

U.S. Treasury Secretary Timothy Geithner on Monday reaffirmed his faith in a strong dollar and reassured the Chinese government that its huge holdings of dollar-denominated assets are safe. "We believe in a strong dollar," Geithner said in a question-and-answer session after a speech to students at Peking University. ... China is the biggest foreign owner of U.S. Treasury bonds. "Chinese financial assets are very safe," Geithner said. His response drew laughter from the audience. - Reuters

I have been telling you commodities are the investment of choice, the ones you can hold in your hands. Gold, Silver, Beans, Rice, Bullets. Well it seems big insurers are feeling the same way.

My aversion for the Wall Street Journal and all things German aside, this is quite informative.

In a speech on Tuesday in Berlin, Chancellor Angela Merkel expressed 'great skepticism' over the clout of central banks and suggested their aggressive moves in Europe, the U.S. and the U.K. might backfire. She is shown here at a rally later in Saarbrücken, Germany, for European Parliamentary elections.