As I do my daily reading and research I discover new items that I find notable.

They are Special Knowledge of notable importance to the concepts, work and practice of the Isis Group. Often they are Special Knowledge that makes or illustrates points consistent with our work. Other times they are Special Knowledge that people doing Isis Group work, or interested in it, should know, or at least be aware of, but probably have not seen in their daily reading and work.

Therefore, I created a special Category in my Personal Blog of the Isis Blog Network named Special Knowledge - New Items I Find Notable. These special items of knowledge are tagged with the name of this new Category.

If you are Subscribed to an automatic Feed from our Blogs, you will receive an e-mail announcement of these items just like you do for every other post we make to our Blogs and you will always be able to find a copy of these items by clicking on the the Category name in the right column of the blog page in your browser window. If you are not subscribed to automatic feeds from our blogs you can always find these items by clicking on the Special Knowledge - New Items I Find Notable Category.

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I am starting this new service today with a special article I found by Dr. Kurt Richebacher entitled Corporate America To The Rescue (Download CorporateAmericaToRescue.pdf).

It contains special knowledge of the US and World business environments I feel we should be aware of. Its thrust is that government agencies and central banks have of course not told us the truth about the current and future situation - But that their lack of forthrightness is greater than I was aware of.

Possibly a small quote from the beginning of Dr. Rachebacher's article will grab your interest as it did mine as he wrote:

"With some consternation, we have been reading that Fed officials think the U.S. economy is a lot sounder today than it was at the end of 2000 and in early 2001, when the Fed abruptly reversed course and began a string of rapid interest rate cuts. One can only wonder about its reasoning. What we see is a doubling of the U.S. trade deficit, the complete collapse of personal and national saving and an unprecedented borrowing deluge that created the most anemic GDP growth in the whole postwar period."

"During the five years 1995-2000, nonfinancial debt growth by 32.4% went together with 22.2% real GDP growth. In the following five years 2000-05, nonfinancial debt grew by 47.3% and real GDP by 13.4%. There has been an atrocious deterioration in the relationship between debt growth and economic growth."

The reason for his choice of title - Corporate America To The Rescue - becomes clear later in the paper when he explains that US official forecasts that US Corporate Investment will make up for massive lacks elsewhere are just not credible.

I leave it for you to read and enjoy - If that is the right term for reading about such a decaying situation being covered up by massive creations of basically worth less money. Just click on the link above to download the article.

We are indebted to the Daily Reckoning and Le Metropole Cafe for publishing this material on the web.

John Clayton Caris