Stacy Summary: How are all these stories related?
  |
 |
-
ref. max keiser – Get 6 mo’s free storage
-
Rick Ackerman-
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- David Morgan
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
-
crash banksters – Buy Silver & gold
![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/platinum/t24_pt_en_usoz_2.gif)
-
Morning y’all.
My morning headlines are…
(for those who believe the US had nothing to do with the situation in Iran [of course they did!])
http://globalresearch.ca/index.php?context=va&aid=13991
http://www.infowars.com/are-you-ready-for-war-with-a-demonized-iran/ (Paul Craig Roberts)
Researchers use brain scans to read people’s memories (YIKES!!)
http://www.guardian.co.uk/science/2009/mar/12/mind-reading-brain-scans-memories
Pakistan orders army to go after Taliban chief
http://news.yahoo.com/s/ap/20090614/ap_on_re_as/as_pakistan;_ylt=A2KIKvTblTVKv98A.nGs0NUE;_ylu=X3oDMTJtcGppcjUwBGFzc2V0Ay9hcC8yMDA5MDYxNC9hcF9vbl9yZV9hcy9hc19wYWtpc3RhbgRwb3MDMgRzZWMDeW5faGVhZGxpbmVfbGlzdARzbGsDcGFraXN0YW5vcmRl
From last year: Taliban Leader Baitullah Mehsud Dead
http://www.india-server.com/news/taliban-leader-baitullah-mehsud-dead-4124.html
You’ve gotta love that one. On and on it goes….
Here’s a Simon Johnson piece on the “overhaul” of the financial system:
“Today’s Foundation, Tomorrow’s Crisis: The Geithner-Summers Proposals”:
http://baselinescenario.com/2009/06/15/todays-foundation-tomorrows-crisis-the-geithner-summers-proposals/#more-4070
Good Morning!
Here the german story with picture..
http://www.coolthings.com/gold-to-go-vending-machines-sell-you-precious-metals-on-the-spot/
CHRIS HEDGES: “The cost of daily living, from buying food to getting medical care, will become difficult for all but a few as the dollar plunges. States and cities will see their pension funds drained and finally shut down. The government will be forced to sell off infrastructure, including roads and transport, to private corporations. We will be increasingly charged by privatized utilities—think Enron—for what was once regulated and subsidized. Commercial and private real estate will be worth less than half its current value. The negative equity that already plagues 25 percent of American homes will expand to include nearly all property owners. It will be difficult to borrow and impossible to sell real estate unless we accept massive losses. There will be block after block of empty stores and boarded-up houses. Foreclosures will be epidemic. There will be long lines at soup kitchens and many, many homeless. Our corporate-controlled media, already banal and trivial, will work overtime to anesthetize us with useless gossip, spectacles, sex, gratuitous violence, fear and tawdry junk politics. America will be composed of a large dispossessed underclass and a tiny empowered oligarchy that will run a ruthless and brutal system of neo-feudalism from secure compounds. Those who resist will be silenced, many by force. We will pay a terrible price, and we will pay this price soon, for the gross malfeasance of our power elite.”
Poor Barack.
Is he the new Zig and Zag?
The puppeteers are working overtime and Baracks – a – Dancin’.
The people love him, he eats hot dogs with them.
He may be the best propaganda machine ever invented.
He’s everything George W wasn’t.
I too want to believe, I really do…
The Founding Father of Crony Capitalism
lol, there’s even a link to go with that:
http://www.populistamerica.com/the_founding_father_of_crony_capitalism
unf……believable
Madoff Settles With SEC, Doesn’t Admit Wrongdoing
http://www.cnbc.com//id/31392842
Oh dear.
Its getting a little obvious now isn’t it.
Are they going to increase the SEC’s powers next???
Rewarding the crooks again!
Pass me another dohnut! Brrrrppp.
Hi everybody,
I’ve now found the the link to the Telegraph images of Blackjack:-
http://www.telegraph.co.uk/culture/culturepicturegalleries/4220575/Blackjack.html
This really is worth a look at. I don’t understand why a mainstream newspaper ran this or whether it’s meant to be a warning but it’s quite chilling.
@snoop diddy … “Madoff Settles With SEC, ”
unf……believable
Yep …
Just shows if you know enough to sink everyone else, you get the GETOUTOFJAILFREE card , compliments of the SEC.
BTW … Martha obviously didn’t know enough !
Where’s Max?
I can feel an outburst coming on, its building, its building!
@Sharon
This one is not very funny !
“steps are being taken by the regulatory authorities to monitor and prevent abuse of digital communication”
Will they close down the MSM news then ?
http://www.telegraph.co.uk/culture/4613223/Blackjack—Part-5.html?image=6
Re: SEC story and Bernie.
Surely with a name like Madhoff (Made Off!) his destiny was written long ago.
Reuters Asia: Car that runs on water (video)
http://www.brasschecktv.com/page/645.html
Stacy wrote: “the only countries taking money from the IMF are eastern European countries…”
The IMF (aka US Treasury) is short of funds at present. This is the factor affecting IMF lending. The IMF is facilitating the diversification of BRIC countries OUT of their Treasury holdings:
http://www.forbes.com/feeds/ap/2009/06/10/ap6528981.html
In a statement from the Washington-based lender on Tuesday, IMF managing director Dominique Strauss-Kahn welcomed news of China’s interest, saying its investment would “boost the Fund’s capacity to help” emerging economies weather the world crisis and “benefit all members by facilitating an early recovery of the global economy.”
He said the bonds will offer “a safe investment instrument with reasonable return,” but gave no other details, noting only that IMF staff will present plans to the board to allow the bond issue “as early as possible.”(end quote)
Forbes is reporting that the IMF bond sales could “boost the dollar”:
http://www.forbes.com/2009/06/16/dollar-sdr-bric-reserve-markets-bonds.html?feed=rss_markets
The catastrophic effect on the US treasury market might not be evident in the dollar in the short term if investors need to short dollars to meet IRSderivative blowups.
The IMF is to issue debt, and wants to coordinate the SDR as peg for a basket of currencies to do away with the dollar as reserve currency.
http://www.bloomberg.com/apps/news?pid=20601068&sid=aVevdIrBPtUE&refer=home
This is all part of the process of eliminating the dollar’s role as reserve currency. The US Congress donated 108 B of taxpayers future earnings to the IMF as a rider on a war funding bill this June:
http://alertnet.org/thenews/newsdesk/N11522230.htm
Obama recommends the credit line to the IMF to shore up funds to “help poor countries” not mentioning the Treasury Bond transfers being facilitate by the IMF through IMF future bond lending.
Nice? No wonder Europeans and Asians laugh at American naivety!
So where does ‘Southern’ Europe start, again?
oops: I meant go long dollars for derivative blowups…
Suitcase With $134 Billion Puts Dollar on Edge: William Pesek
http://www.bloomberg.com/apps/news?pid=20601039&sid=a62_boqkurbI
… ” The implications of the securities being legitimate would be bigger than investors may realize. At a minimum, it would suggest that the U.S. risks losing control over its monetary supply on a massive scale …
… ” On his blog, the Market Ticker, Karl Denninger wonders if the Treasury “has been surreptitiously issuing bonds to, say, Japan, as a means of financing deficits that someone didn’t want reported over the last, oh, say 10 or 20 years.” Adds Denninger: “Let’s hope we get those answers, and this isn’t one of those ‘funny things’ that just disappears into the night.” …
@ Phil,
None of it’s funny but more to the point how realistic is it? It certainly sounds feasible and resembles much of what is going on. I just don’t understand why the Telegraph ran this unless it was some sort of warning or an insight into what is going on and why blame the American entity unless there is something to back that up? BTW did you go through all of it, ie. all 5 parts? If you didn’t you probably should because the whole picture is then revealed. What I’d like to know is which year they are referring to. It starts on June 20th but is that 2009 or later? Call me paranoid or whatever but I really do think this is far more important than we think, I do not believe this was just some fantasy story put together as pure entertainment. Remember, the Telegraph has been receiving top level info from people in the secret services. The guy who leaked the MP’s expenses was former SAS for example. I would actually put money on the images shown by the Telegraph coming to fruition, it just has a real ring of truth to it and besides which nothing else makes sense. What do you think?
Stacy: asked “How are all these stories related?”
It’s the zig and the zag, isn’t it?!
@Sharon,…..if you think it’s real, you’d probably get your skates on and move somewhere safe!
(talking about it never really works)
@sharon
my guess is that this “slide show” was probably a presentation/briefing to the security forces to show a series of events that “could” happen. e.g. Operation “Blackjack”
I expect someone then leaked the report to the Telegraph, and they decided to host it to get reader’s page-hits.
My brother-in-law was security chief for one of the UK armed forces (keeping it a secret of course ) and this is the sort of “planning” exercise that kept them busy !
Goldman Sachs Responds To Dark Pool Impropriety Allegations
http://zerohedge.blogspot.com/2009/06/goldman-sachs-responds-to-dark-pool.html
PS: They’re certainly not apologizing !
@ Dedo………….@Sharon,…..if you think it’s real, you’d probably get your skates on and move somewhere safe!
(talking about it never really works)
Spot on! Exactly why I’ve been trying to work out where is safe (ie. my previous posts about leaving the UK). Trouble is, when you have teenage children these things have to be done right. Believe me Dedo, I think of very little else, and yes, I know, thinking is not doing but whatever I do it has to be done right. If it were just me (ie. no children) I’d have left months if not years ago but when you have other lives to consider it’s not so easy. For example, I think I should move to an eco-village where we would all be self sufficient and off-grid, but my kids would say this is crap and where’s the internet and the school sucks and there are no cool people to hang out with. Telling them it’s for the better or that we’re safer ain’t going to wash. Equally, moving children at that age, when they’re settled in school, is difficult to say the least. So I get your point and obviously if the UK (or part of it) is about to be blown up then staying is not an option, but you know how it goes, there’s always that bit in the back of your mind that says: it might be OK, just wait and see for a bit, it could just be bollocks. BTW I’m not just going on the Telegraph story, that wouldn’t be enough, I just thought it was interesting and potentially prophetic.
@Sharon,…..if you’re undecided where to go,….as Max says,..follow the money
I think Jim Rogers has moved to Singapore with his family.
@Dedo .. “Singapore”
@Sharon
Be sure to double-check your baggage ( for planted drugs ) before entering customs though !
I bloody hate Singapore, ever been there? It’s so claustaphobic, very expensive, with no where to just go and sit peacefully.
@Sharon
I know how you feel – we’re in the same boat (or island)… Thinking about where to move to, and worried how the kids would react (though mine are younger than yours) and what the schools would be like. Also worried about how we’d manage financially/ make money living in another country. We don’t have enough to go to the Bahamas!
Maybe the time this charade is over,…gold won’t be worth the price of a mars bar!
@Dedo … “Maybe the time this charade is over,…gold won’t be worth the price of a mars bar!”
I hope NOT !
The recent “charade ?…. do you mean :
+ # Madoff sttlement with the SEC
+ # FED given more powers
+ Bonds – real/false, doesn’t matter
+ BRIC statements
?
Speaks volumes about the US Govt. IMO !
Looks like the ONLY reason left to keep on trusting the US$ is …
… the US military !
http://www.guardian.co.uk/business/2009/jun/15/private-equity-tax-avoidance-cayman-islands
“Hedge funds in Cayman Islands withdraw from UK banks. Financial institutions based in the Cayman Islands have halved their deposits in UK banks over the past 12 months…The outflow of funds from Britain puts the spotlight on hedge fund threats to abandon the UK because of higher taxes, tighter regulation and potential caps on executive pay and bonuses….”
US$ Discredited: http://is.gd/14yGQ
Big time!
It looks as if the water is at a rolling boil and we now have frog soup. GLTUA.
@Phil – thanks for the Bloomberg suitcase story; posted it!
@Gerry – I think Southern Europe includes Italy, Spain, Greece
@RedZebra – you got it! You must have watched the video?
What does everybody think about the Amero? Canada has given bailout to GM and Chrysler too. I didn’t believe in the Amero until now but something is up. Everything the FED does is anti dollar. We had $147 dollar a barrell oil last year and the FED cut interest rates. The move made no sense.
Regulators told to use Japan as a role model http://tinyurl.com/lyds47
All of these stories are connected by the dollar being the world’s reserve currency. Since the buck’s long-term exchange value is expected to deteriorate, thanks to the Fed’s ham-fisted machinations, the value of central bank dollar holdings is indeterminate. This results in an international liquidity crisis.
Worse, since the last and greatest bubble was based upon soaring real estate prices due to 50 year low interest rates and the insane securitisation that followed, this resulted in a balance sheet crisis.
While a liquidity crisis can be resolved by a lender of last resort’s injection of cash into the system, a balance sheet crisis can be resolved only by reducing the debt overhang relative to the downward-revised valuations of the corresponding assets. Therefore the Obama administration has been applying the correct medicine for the liquidity issue – but is entirely helpless in moderating the more serious, debt overhang. To accomplish this, the administration will have to make many rich people much less wealthy by edict – a very dangerous, political proposition, indeed!
A range of ten versus two year government bond spreads for the G-7 nations (G-8 ex Russia) gives a rough indication of the Western nations in the greatest-to-least econo-peril: Italy (2.797); UK (2.473); US (2.469); France (2.100); Canada (2.088); Germany (1.890); and Japan (1.110). Germany is probably best suited to weather the storm and emerge the least scathed.
Since a great inflation is not likely to occur until the limits of productive capacity are challenged, a great deflation in the US is much more likely. Since I am not on a fixed income and my assets are diversified internationally in sundry currencies over numerous classes, I would much prefer an incidence of inflation.
I like to buy issues in an uptrend after making a 20% to 50% correction, on a trendline break. GLD rose from 84.92 to 96.97. Its half-way point is 90.95. It reacted to almost 90 at its 50 day SMA. It is presently rallying at 92.03 and will constitute a short-term buy for me when it hits 93 and other conditions are favourable. Longer-term, gold performs better in inflations than deflations. Should a real deflation come a-knocking, gold’s performance may be somewhat disappointing to the Goldbugs.
Currently, more volume is flowing into declining issues than advancing issues in the SPX index. Also, the Summation Index has broken through its floor, indicating that the line of least resistance is downward for the stockmarket, intermediate-term. This index is approaching a convergence of its 50 and 200 day SMAs at the 900 level. Should this important support level be broken, shorts on this index would be in order.
We appear to be moving into more interesting times after a brief lull in the Bear’s rampage.
And the above phrase, “a-knocking,” reminds me of a song:
THE BALLAD OF RON PARKER
By Aeiou Y. Bcdfghjklmnpqrstvwxz
I did a stupid, silly thing
That got me thrown in jail:
The girl was of a tender age –
But now I’m out on bail.
We drove along a country lane
And drank a keg of beer.
Then when she became comatose
I said, “Let’s park right here!”
“I’m sure you’ll be much more relaxed
If you just climb in back;
And slip off all those heavy things –
Now let me take a crack!”
But flashing lights disturbed our date
And cops were all around.
They dragged me from my “fiancé”
And threw me to the ground!
O Ron Parker went a-parkin’
To do a little sparkin’
And turned off on some lonely road.
When his van commenced a-rockin’
A policeman came a-knockin’
Who was citing the penal code!
I tried to speak with swollen tongue
But only fumes came out.
The cop said, “That’s my sister, Bub,
And you’re a no-good lout!”
He wrote my ticket in red ink
That really was a sparker…
And so this ends my tale of woe:
The Ballad of Ron Parker!
O Ron Parker went a-parkin’
To do a little sparkin’
And turned off on some lonely road.
When his van commenced a-rockin’
A policeman came a-knockin’
Who was citing the penal code!
I hope you remember to mention this to your NZ RDU audience:
(via the Bloomberg link)
GDP Carriers
Think about it: These two guys were carrying the gross domestic product of New Zealand or enough for three Beijing Olympics. If economies were for sale, the men could buy Slovakia and Croatia and have plenty left over for Mongolia or Cambodia.
Yes, they could have built vacation homes amidst Genghis Khan’s Gobi Desert or the famed Temples of Angkor. Bernard Madoff who?
=================
THE GDP OF NZ!
Eeesh!
=================
On a link posted from the comments, there was an advert (3 images, rotated) that led to this page:
http://www.efoodsdirect.com/ammo-food.html?aid=13&adid=5
Ammo shortages caught everyone by surprise.
Food shortages are next.
Ammunition shortages should have been expected. With Americans buying every gun they can get their hands on, it just makes sense that they would buy ammo for those guns. Yet even those who are in the industry or who own gun stores and virtually every gun owner was surprised by the ammunition shortage.
Likewise, when grocery shelves are empty or hold only contaminated food at inflated prices, it will not have come without warning.
* You can’t withhold bank loans from farmers and expect crops to magically appear.
* Three years of a drought in California combined with “tree hugger” politics leave dust fields where crops once grew.
* Using corn for fuel instead of food is not smart. It’s not a mystery why the price of corn has tripled in four years.
* Another Swine Flu pandemic, which is related to our food supply, WILL have a major impact on the food we eat.
@juergenwahl:
Great song! On the two to ten year spread line-up of countries, doesn’t the reserve currency status of the US have any bearing on the dynamic? Aren’t the currencies you mentioned in the at risk nations pegged to the dollar, which would give the dollar a variable sign and the other currencies a constant value compared to the variable?
The dollar would be the linchpin. The best way to attack the dollar is to collapse the US sovereign bond market. This is the globalist venue at present: sdr’s as the new linchpin.
So far the best theory on the $134.5 billion in smuggled or counterfeit bonds I’ve heard is this:
Some country (or cartel) which wants the dollar to fall (Russian Oligarchs? China, maybe?) forged the bonds, then smuggled them in using Japanese couriers on a non-tourist train where they would stand out like a sore thumb. The express intention was for them to be caught, and to make it look like its easy to counterfeit US treasury bonds, in hopes of triggering a panic.
This solves the mystery as to “why counterfeit such big denominations which will be impossible to sell?”.
I still like Max’s theory that they are real and bound for the BIS.
By the way, if they are real, I say it is the duty of any patriotic American currently in Italy to break into the police office and set fire to those bonds! Since they are “bearer” bonds, you will have saved every American, including your children about 500 dollars plus interest!
@ frances snoot
I agree with you in all of your points excepting one – the song is doggerel and would hardly pass muster at Oxford.
Kindest regards.
March 30.2009: US Treasury Dept announced that USD $134.5 billion remained in TARP. Coincidence with Italian find? http://is.gd/15l3W