This might have been the most important information for my dental health I ever came across: Two dentists have written a book with the provocative title “Zahnarztlügen” ( Dentist lies, available only in German). In their book they list the following statements as not true :
- Caries is not curable
- Brushing teeth prevents caries
- One must see a dentist
- Professional tooth cleaning protects from caries and periodontitis
- Flossing protects from caries
- Fillings protect from caries
- Bleaching and whitening toothpaste are harmless
- Teeth decay anyway
- Caries and periodontitis are unavoidable
- Third molars can move front teeth
They cite a number of studies as proof for their claims. The cited studies are listed below. They say 95% of Germans are suffering from caries although they brush their teeth daily and visit their dentist regularly. Germans are spending more money on dentists than anybody else on the planet. They also say that dentist visits carry a high risks. That I can confirm, during a normal check up I catched the worst gingival infection of my entire life and then the dentist sent me from one expert to the next. It had cost me a fortune.
Unfortunately this information comes a bit late for most of my teeth, the good news is that existing caries can even be reversed, the enamel can be remineralized.
Since a long time it was my opinion that the US consumer price index has been designed to never show any meaningful inflation and that US GDP is systematically overstated.
In this excellent YouTube presentation Chris Martenson explains how THEY did it :
Yesterday in Paris, Axel Weber, chief of the German CB , in a WSJ interview said something like “if the 750 billion in the bailout fund should not be enough, we will fill it up. An attack on the Euro has no chance to succeed.” French business daily La Tribune reported a while ago that Sarkozy is opposed to Weber’s ascent to the ECB helm when Trichet’s term ends next autumn.
Just 4 weeks ago Weber called for the end of the bond buying program – a.k.a money printing – by the ECB. Apparently Mr. Sarkozy can be very convincing. I wonder how Mr. Weber is going to mop up all this liquidity when he will be in charge.
Chris Martenson in his latest article on 321energy ” I cannot state this strongly enough: The WEO 2010 report is an official admission that Peak Oil is not only real, but it’s already here.”
Great video for people who would like to understand our fiat money system. Whether his predictions come true is another story, imo it wont be deflation first, as he does predict. I believe we will go straight into hyperinflation from here but I also believe it is going to happen within this decade.
In one word: SCARY !!!
Banks deleveraging ?
Private households were forced to deleverage , consumer credit is down ca. 4% from 2008, but otherwise nothing has changed! Banks ( and other financial institutions ) have actually increased leverage.
From Allan Newman’s Stock Market Crosscurrents :
If we are correct in our assessment of the threat to the financial system, at least $2.2 trillion is now at risk (!% of total notional values). The banks with the two largest derivative portfolios are JPMorgan Chase (JPM) and Bank of America (BAC), with notional values of $75.3 trillion and $48.5 trillion, respectively. These two banks alone represent 56% of all notional values.
Municipal bonds suffered a remarkable sell off in the last two weeks. Is this the top in Muni bonds and the beginning of a long-term rise in interest rates?
Here are two girls with very different opinions on the matter:
Meredith Whitney Advisory Group is now predicting dramatic declines in US home prices, large layoffs at US banks and widespread defaults in the municipal bond market: Link Video FT
but Bond Girl offers a very different explanation :
Some thoughts on the muni market
2010-11-19 00:06 My opinion, for whatever it is worth to you, is that there are a handful of factors – mostly unrelated to the relative creditworthiness of muni issuers – that have provoked this correction. These factors are related, and they will likely contribute to volatility going into next year. The first, obviously, is a supply glut
. The pending expiration of the Build America Bond (BAB) program has pulled supply forward, and this is going to seesaw over the next several weeks. Since the BAB program was initiated, most issuers have structured their new issues with the sense that they will go to either the tax-exempt or taxable market, whichever is more advantageous at the time. It has been almost completely a supply management game since the market for these bonds was established and munis became truly bifurcated.
The Pragmatic Capitalist blog posted an interesting graph :
Will history rhyme ??
Dr Allen Spreen
Scientists from Australia found that vitamin E might play a major role in hampering the development and re-growth of prostate cancer tumours. For the study, Dr Patrick Ling and a team of researchers injected mice with prostate cancer cells. Then, they divided the mice into two groups. They fed one group of mice water fortified with a form of vitamin E called gamma-tocotrienol or y-T3. The other group of mice drank regular water.
Researchers found that 70% of the vitamin E mice never went on to develop prostate cancer tumours, despite being injected with malignant cells. And, yes, the remaining 30% developed prostate cancer. But following surgery, their tumours were far less likely to re-grow or metastaside. On the other hand, tumours formed in 100% of the control group of mice not given vitamin E.
The history of the Weimar Republic teaches that real estate prices offered only limited protection against hyperinflation and only if one was living in his own home. Maintaining a house during periods of high inflation becomes very expensive due to constantly rising material cost. Of course a house usually survives a currency crisis whereas cash in a bank account does not.
In 1922 apartment rental prices were capped by the government and adjusted for inflation, rentals were only a fraction of what they had been before WWI. Consequently house prices were falling. However, rates and taxes on real estate sales were raised.
- Berlin raised the capital gains tax on real estate sales to 30%.
- In July 1924 home prices had dropped about 80% since 1918.
- From about 1935 to 1950 rental prices were “frozen”
- In 1952 “debt profiteers” had to pay a “mortgage gains tax”
RE offers wealth preservation in a currency crises, albeit one must be able to pay for maintenance and government levies and taxes. Moreover I assume that RE prices in a hyperinflation scenario are not increasing as much as gold and silver, if at all.