[1039] The Truth about . . . $134.5 billion in bonds

Stacy Summary: Reporting from outside our local Paris cafe, our London Truth About Markets.

For more download and listening options, visit Archive dot org

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Bulldozing and dipping to survive

Stacy Summary: I guess the faster this collapse happens the faster we get to the bottom.  If there is a bottom.  And it’s not like some black hole of CDS debt that will crush all that it encounters!  What’s on your mind this morning?  Have you love bombed the newsroom?

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Love Bomb the newsroom!

Stacy Summary:  Have finished watching/recording On the Edge with Max Keiser.  Special guest Rick Ackerman to talk about insider trading market manipulation, gold and China.  The network had an announcment to email them if you have any comments about the programme.  So send your love to newsroom @ presstv.ir   Will post show soon.

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Zero Hedge reporting State Street may be trading for Federal accounts

Stacy Summary:  Wow, thanks for bringing this to my attention @Phil.  Forget ‘free markets,’ there is no market at all.  It is only the ignorant taxpayer and some insiders front running them.  In the words of Max Keiser, the nation is smoking its own belly button lint.

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Rigged stats and a designer financial collapse

Stacy Summary: Thanks @Phil for the first link.  Bob O’Brien’s site is great.  I recommend it to all.  ShadowStats, referred to in the second item, is also a must for those wanting to know what the real numbers are.   How are the stats lying for you?  Feeling inflation when they say there is deflation?  Seeing the ‘green shoots’ anywhere in your area?

Updates:

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[Video] Zig and Zag oom pah pah and giggle in front of Statue of Liberty

Stacy Summary: Fantastic after lunch amusement. Thanks @gonzomarx for putting me in touch with Max’s Irish relatives, also called Zig and Zag. Hadn’t heard of them! Awesome. All my Irish friends . . . please explain.

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Green shoots or just more debt?

Stacy Summary:   The US and UK economies and consumers are still taking on loads of debt.  In the UK, I believe quantitative easing, printing money, whatever you want to call it, is far more aggressive than in the US and in a much smaller economy with fewer canals through which all those pounds can escape.  So I would be more skeptical of green shoots in the UK (where personal debt levels were much worse than in America) than those ‘green shoot’ claims coming out of the US.  That’s my opinion . . . what’s your opinion??

Photo by rb:

Max Keiser's Zig Zag

Max Keiser's Zig Zag

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$134.5 billion in US bonds seized at Italian-Swiss border

Stacy Summary:  Here are the links for the biggest story of today . . . that hasn’t made it to one single main stream media news outlet in US or UK as far as I can tell.  That’s pretty amazing in itself.

What caught the policemen’s attention were the billion dollar securities. Such a large denomination is not available in regular financial and banking markets. Only states handle such amounts of money.

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[Video] Max Keiser explains ‘the zig zag’

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Meltdowns, pandemics and talking books

Stacy Summary:  Anyone out there able to find ANY real factual headlines that support a green shoots theory?  Everything is pretty bleak from where I sit!

Updates:

The move to phase 6 reflects the fact that the disease, widely known as swine flu, was spreading geographically, but not necessarily indicate how virulent it is.

“Phase 6, if we call a phase 6, doesn’t mean anything concerning severity, it is concerning geographic spread … Pandemic means global, but it doesn’t have any connotation of severity or mildness,” WHO spokesman Gregory Hartl said.

“In fact, what we are seeing with this virus so far is overwhelmingly to date mild disease. So we would think that this event is really a moderate event for the time being, because the numbers are high but the disease is overwhelmingly mild,” he told Reuters Television before the committee meeting.

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Smart money, very smart money and mortgage rates

Stacy Summary:  Hyperinflation.  Rick Ackerman, who is a deflationist, mentions hyperinflation in the interview we did with him that airs tomorrow.  Marc Faber, who has been spot on with his forecast every step of the way in this crisis, has only recently predicted hyperinflation based on the policies being enacted.  What is your forecast??

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Teaser Time – On the Edge with Max Keiser this Friday

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Subpoanaed, suspected and swapped

Stacy Summary: Terrorist suspects on flight?  Hmmm . . . that would be real convenient for Airbus and Air France/KLM . . .

Updates:

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[1038] The Truth About . . . Virtual Currencies

Stacy Summary:  From our bunker recording On the Edge . . . I give you . . . The  Truth About Markets New Zealand.   I’m seeing lots of interesting headlines . . . Fed’s subpoenaed, old ladies losing millions in their mattress . . . will get to them in a few hours!

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