Stacy Summary: ZeroHedge has been just such an awesome source of info and has been the lone wolf on this program trading (I’m sure Max will explain for you this weekend on the Truth About Markets). The important info comes in from about 03.43
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ref. max keiser & Get 6 mo’s free storage
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Rick Ackerman-
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- Violent Protests in Greece; 6 Cabinet Members Resign; LAOS leader "I Would Rather Starve Than be Under German Jackboot"; Controversy Over Missing Paragraphs
- Merkel's Official Denial "I will have no part in forcing Greece out of the euro"; Schäuble Starts Salami Tactics on German Participation, Calls for Vote
- Karl Denninger – Market Ticker
- Michael Hudson
- ZeroHedge
- The Big Picture
crash banksters – Buy Silver & gold
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Most recent: 
What connects Human psyche in Piet Vroons “The Crocodile’s Tears” and Artificial Intelligence (AI)
In “De Tranen van de Krokodil” (translates as: “The Crocodile’s Tears”), the psychologist Piet Vroon wrote that our behaviour is often rather irrational because our brains were built up layer by layer in the course of our evolution. These layers don’t always collaborate properly, which sometimes even leads to a kind of short-circuit in the brain. With the help of computational science, it is possible to prevent the same occurring in complex layered systems such as a grid. http://tinyurl.com/l33f5v
Lots of very smart comments on last night’s Newsnight:
http://bit.ly/12kH0r
@ Phil
No I havn’t red it but I quess you’ve trigered me to make my Summer Must Read Book Tips:
SUMMER BOOKTIP: Trading with the Enemy: Seduction and Betrayal on Jim Cramer’s Wall Street by Nicholas W. Maier ISBN: 0-06-008651-3 Preview: Chapter One http://www.wnyc.org/books/3493
I recently got a Book Tip about Human Genetic History from P. A. Vroon Tranen van de krokodil (Crocodile Tears, 1989) http://www.nlpvf.nl/basic/auteur1.php?Author_ID=72
Another very interesting book rom Piet Vroon;
Smell: The Secret Seducer http://www.nlpvf.nl/book/book2.php?Book=68
At Amazon Smell: The Secret Seducer by P. A. Vroon http://www.amazon.com/Smell-Secret-Seducer-P-Vroon/dp/0374257043/ref=ntt_at_ep_dpi_1
SUMMER BOOKTIP: Trading with the Enemy: Seduction and Betrayal on Jim Cramer’s Wall Street by Nicholas W. Maier ISBN: 0-06-008651-3 Preview: Chapter One http://www.wnyc.org/books/3493
Ron Paul’s Weekly Address (6/22/09)
http://www.youtube.com/watch?v=OBCOSV3lAco&feature=rec-HM-fresh+div
Must listen … reminds me of everything Max keeps on saying !
@ME … “the positive side of inflation”
LOL !
But .. what’s good about that, the poor guy is soooo small !
@phil The If the IOUs are in C$!
I promise less silly posts, but here you have a clear example of the positive side of inflation..
http://tinyurl.com/nyak4k
@Giuseppe … “Penny stocks and Biotechs”
Have you noticed that many penny Biotechs have been raising ( yet again ) cash for shares, i.e. dilution !
OK, I suppose it’s to be expected in that these are almost zero-revenue with ongoing R&D operatiosn like GNVC, GNBT.
A good way to check how “badly” a stock is being manipulated is to watc the Yahoo Finance message boards. If you see loads of bashers or pumpers, it normally means a HF is employing the boiler-room guys to move the share price via emotions.
Many people don’t believe that these boiler-rooms actually exist. They do .. I actually saw an Advert , some Co. looking for people to do exactly that ! The Ad was on a well respected MSG-board, I forget which , and I saw it many years ago.
I repeat, buying stocks is pure gambling on WS.
In Richard Bookstabers book “A Demon of our own Design”, he basically said the same and warned retail investors to ONLY trade Indices, because stocks are totally manipulated and the small guy will get burned badly.
FWIW
PS:
Bookstaber invented many of the derivative instruments and worked for most big names at some stage . He even mentioned a department I used to work in ( software development ).
@Youri … “painting the tape”
@Don
You guys obviously have NOT read “Trading with the enemy” from 2002.
http://www.amazon.com/Trading-Enemy-Seduction-Betrayal-Cramers/dp/0060086513/ref=sr_1_2?ie=UTF8&s=books&qid=1246515573&sr=1-2
… ” This is a true insider’s story — an honest, raw, page-turning account that takes us on a journey through the volatile, anything-goes world of hedge funds. From Cramer & Company to the brokerage houses and analysts to the reporters who cover the market action, we are shown a Wall Street where almost everyone is dirty — a world where even the SEC fails to maintain order.
At the heart of this narrative is an incredible character study of Jim Cramer, one of Wall Street’s brightest stars. Employing any means possible to make money, Cramer engaged in brilliant but questionable strategies that danced on the edge of ethics and legality. A typical day inside the fund would begin with Cramer’s declaration, “I love the smell of money in the morning,” followed by a boom-box serenade of Coolio’s “Gangsta’s Paradise.” At the first sign of trouble, however, Cramer would turn paranoid and vicious, smashing phones and computer monitors and screaming insults that would leave even the toughest employees in tears.
In the tradition of Liar’s Poker, this fascinating account of greed and excess on Wall Street will inevitably force the business world to reassess itself through the story of one young man who walked away from it all.
About the Author
Nicholas W. Maier began working for Jim Cramer of Cramer & Company in 1994. He spent the next five years with the hedge fund, during which time he started writing. He lives in New York City. “…
The book said that Cramer would phone Maria and feed her with some information on a particular stock, and then do the opposite once people buy or sell it.
@ Don
RE: Obscene Share-Price Spikes with no NEWS
Same shit on the TSX, too…
Lately it’s been companies involved with REE’s (Rare Earth Elements)
probably becuz of Jim Dines…
(he seems to have a cult following)
although, with the SUB-PAR Volume as of late,
it’s practically only MARKET MAKERS that are creating any action…
(especially CIBC with their strings of orders for 500 shares… who the fuck buys and sells like that on PENNY STOCKS other than Market Makers?!?!?!)
Thankfully,
it APPEARS that we don’t have the GOLDMAN SUCKS Black Box problem in Canada yet….
maybe on the Large Caps, but I stay away from those…
(mainly becuz I can’t afford to play in that sandbox)
@Youri Carma
I have been witnessing a similar trend with two companies that I hold stock in on the ASX. A sudden increase with no company announcements. Both companies were queried by the ASX to which they both replied “I don’t know why the share price has witnessed such sudden gains” Again, as with your story they dropped back down a bit and now they are moving up and down daily with no spkies or “paint” at least so it seems.
I am really surprised that they did not try to drown him out with conflicting chatter and two talking heads talking all at once to drive him back. Why the acceptance to quest’s opinions and agreeing if none of the shit that is happening is real and the worst is past and green shoots and all the bull!?
“Trust nothing of what you hear and only half of what you see.” an old NY Jew. (my ex father in law) taught me this one.
SHOOTS?
U.S. Diesel Stockpiles Rose 28% in 6 months, the highest in at least 16 years, signaling fewer deliveries need.
Diesel fuel for delivery at New York Harbor fell an astonishing 56 % in the year ending in May!
FROM: U.S. Diesel Supply Climbs as Goods Orders Slip: Chart of Day (Bloomberg) http://tinyurl.com/lvdg6n
AUDIO
John F. Kennedy Reading the Declaration of Independence
http://www.nytimes.com/audiopages/1957/07/04/national/19570704_KENNEDY_AUDIO.html?_r=1
round and round we go
HOT NEWS!
JP Morgan 45 million euro Hidden Derivative Commisions Fraud!
JPMorgan Chase & Co, UBS AG, Deutsche Bank AG and Depfa Bank Plc which are under investigation for fraud over derivatives sold to Milan. The banks defrauded the city by misleading it on the economic advantage of the financing, and hid their commissions on the derivatives.
JPMorgan charged about 45 million euros in commissions that were hidden from the municipality, while Deutsche Bank made about 25 million euros, Depfa 21 million euros and UBS 10 million euros, court documents show.
http://www.bloomberg.com/apps/news?pid=20601085&sid=ai_P0zI5a3es
@frances snoot Good Stuff!
I am not sure if the link you put here will work the same tomorrow?
http://www.marketskeptics.com/
To be sure though I klicked on the title ” *****Gold’s Extraordinary Properties***** ” to get the direct -properties link
http://www.marketskeptics.com/2009/07/golds-extraordinary-properties.html
Goldman Sachs: “Engineering Every Major Market Manipulation Since The Great Depression” http://tinyurl.com/lwzo7w
For BRICK!
http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=6926
China to buy more gold.
(Check out the cool gold underwear at Market Skeptics)
http://www.marketskeptics.com/
Goldman Sachs The Fourth Branch of the U.S. Government http://tinyurl.com/ox4f4v
Painting The Tape http://tinyurl.com/mrgbzg
Painting The Tape – stock prices manipulation http://tinyurl.com/mwczrv (Article Under)
Who out there is messing with MY STOCKS?
SOMEONE is sort of manipulating the price of my stock. If I don’t sound indignant, it’s because I’m not sure what to make of it; but I suspect that a lot of this goes on. For example, I own a biotech stock that wasn’t seeing any activity. Then early one day three trades are reported in the exact same second. Each involves only a few hundred shares, but combined they bump up the price 13 cents. Thanks!
Illegal? Such tinkering seems fairly common among my kind of stocks–that is, cheap, risky, thinly traded Nasdaq issues boasting little besides potential. I ask my money-manager friend Jim what is going on. “Oh, yeah,” he says immediately. “That’s called painting the tape. Traders sometimes do it at the end of the day to make a stock portfolio look larger.” They also do it, I contend, to suck in unsuspecting investors. “Of course, it’s totally illegal,” Jim adds, and then pauses. “Well, it’s unethical, anyway.”
“Uh-huh, it’s called painting the tape,” agrees day-trading elder statesman Harvey Houtkin. Take a more serious tape-painting example: A stock trades at $1 until somebody suddenly offers to buy 100 shares at $2 a share. The offer is accepted, and the trade is reported, along with the 100% price jump. “You can see a price go up by two times and the next thing you know it’s being mentioned on CNBC,” says Houtkin.
Is CNBC getting paint on itself by mistake? I watch one morning. While CNBC mentions lots of stocks, in each instance it gives a plausible reason–for example, an earnings surprise. There isn’t any paint on the stock-tip Web sites I check, either.
So if people are painting the tape, how does word get out to us, the greedy and credulous traders? I hit pay dirt with the plain old list of best-performing Nasdaq stocks, which today includes a $1.50-per-share auto-supply outfit whose morning stock price punched a 44% hole in the ceiling despite zero company news. Curious, I call the company for an explanation. “I’m curious, too,” says the voice at the other end, sounding kind of lonely. The stock goes back down a few days later.
Not high art. A Nasdaq official says tape painting includes all sorts of scammy behavior and is a legal gray area, although traders must never create an artificial stock-price move. “What makes our antenna go up is when there is no news but the stock price jumps,” he explains. I tell him about the auto-supply stock and he says he will look into it.
My guess is that on any given day scores of painters are at work touching up hundreds of stocks, their activity camouflaged by the zillions of legitimate trades. I’m not even sure whether it’s always seriously harmful or just sort of sleazy and pathetic. But it sure is out there, so don’t let yourself get painted into a corner.
“The just-solved problem is related to a much older problem, devised by the ancient Greeks, that asks whether it is possible, using just a straightedge and compass, to draw a square with an area that is exactly the same as that of a circle. In 1882, mathematicians proved that such ”squaring of the circle” is impossible because the area of a circle, pi times the radius squared, involves pi, and pi is not a rational number. ‘No One Knew Where to Begin’”
http://www.nytimes.com/1989/06/06/science/squaring-the-circle-new-light-on-old-riddle.html
The circle is the occult symbol for woman, the square represents man. So of course men would call Pi “irrational”. Such an inordinate amount of time was spent on this riddle! Interesting symbology evolved representing man in a circle with a square encompassing the whole. Yet, not even until this day, has man achieved the dominion he so desires.
http://arthistory.about.com/library/weekly/bl_leo_vitruvian_man.htm
Painting the Tape: Aggregate Evidence PDF http://www.wallis.rochester.edu/bernhardt/mut_economicsletters.pdf , by Dan Bernhardt (University of Illinois at Urbana-Champaign – Department of Economics ) and Ryan J. Davies ( Babson College – Finance Division ) Economics Letters, Vol. 89, pp. 306-311, 2005 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=797545#
http://seekingalpha.com/article/145370-the-fourth-branch-of-the-u-s-government-goldman-sachs
@Klaos Good Stuff!
Goldman Sachs is recording keystrokes of the users of their portal to frontrun trades. On Zero Hedge:
Is Goldman Legally Frontrunning Its Clients? http://tinyurl.com/ne8vld
Insiders Exit Shares at the Fastest Pace in Two Years (Bloomberg) http://tinyurl.com/lush9h
Insiders Selling At A Furious Pace (Business Insider) http://tinyurl.com/cyuan3
Dividend.com – Fund Managers “Paint the Tape” – Mar 28, 2008 http://tinyurl.com/mnka8r
RECAP:
Max Keiser – ” Painting the tape ” http://tinyurl.com/l7v8gr
Are Goldman’s computers painting the tape in the last twenty minutes of each day? http://tinyurl.com/nvrgzy
I just got back from A drive down into the Bay Area (San Fran) from Oregon. There were very few highway patrolman out. Maybe one-fifth of a normal Tuesday.
My home town Santa Rosa, is full of shuttered businesses that sparang up around the freeway in the last ten years…
People are “seeing” a problem, they just aren’t being told what the problem IS.
AXELROD:” I think the president’s sense of solicitude with those young people has been very, very clear, and we’re very mindful of that. We are also mindful of the fact that the nuclear weapons in Iran and the nuclearization of that whole region is a threat to that country, all countries in the region, and the world. And we have to address that. We can’t let that lie.”
Who is David Axelrod?
http://www.nytimes.com/2009/03/09/us/politics/09axelrod.html
“The two-hour sessions are just one way in which Mr. Axelrod is making the transition from Chicago political consultant to the White House. His title does little to capture his full importance to Mr. Obama. His voice, and political advice, carry more weight than most anyone else’s on the president’s payroll.”
the president’s payroll…discretionary war you know….eeeerrrrrrgh
There is the beginning of war rhetoric over here:
http://www.wnd.com/index.php?fa=PAGE.view&pageId=102520
Also Glenn Beck conjures the ghost of Bin Laden:
http://www.infowars.com/beck-and-former-cia-employee-agree-us-needs-to-be-hit-by-al-qaeda/
bummer
134.5 Billion bonds in Italy. Story no longer covered. Why?
Wooooooooow!!!
All run by computers….I hope it’s just a publicity stunt to promote the new terminator movie….
@phil Yes, those light funnels are efficient (must track the sun though). And yes, typically the low tech, low cost solution is either suppressed or discredited.
I really had to dig for the relevant info on the solar heat power. Much excellent research is simply locked up. In a way Google Patent does a good job in keeping usefull information public..
You could call it proactive business model inertia. Most businesses can’t really change without destroying themselves or rendering their employees ineffective.
btw. Want to invest in a kick-ass patent application?
@ME … ” Bank of America to accept California state IOUs ”
Jul 1, 2009, 7:04 p.m. EST
http://www.marketwatch.com/story/bank-of-america-to-accept-california-state-ious
Is that close enough ?
@ME .. “I mean issue, as in ‘just like the fed’.”
I think you didn’t “see” my little joke ?
Of course I know what you mean … I was just having a little joke !
Sure they could “issue” their own bank notes, but I suppose that would mean dislocating themselves from the “United” in USA !
Does Arnie have the “Terminator” guts ?
@ME .. On your video .. “simple solar heat-power”
I had a professor friend in Duesseldorf many years ago called Ulli. He won an award for inventing something similar to what you showed. His idea was to use Alu-Foil which was formed into a cone-shape to trap sunlight and use it to heat copper water pipes. The small-contraption could be made for a few pennies … it was used in India IIRC.
The idea was to be able to build as many as you wanted to afford for the 3rd. world countries.
There are loads of good ideas that never get “commercialized” .. because “commercialized” means extracting the maximum amount of money out of the little guys. i.e. if it’s too cheap, there’s no money to be made by destroying “existing” markets/products.
Sad !
@Phil No, I mean issue, as in ‘just like the fed’. You don’t need money for that, only the willingness of californians.
@max
who really runs GS? it can’t just be the people whose names appear on their public docs
@ME .. “Something keeps Arnold from issueing a Californian Dollar, but what?”
Lack of money ?
Sorry about that … again .. I just checked my blood pressure again, it’s down a little right now ! I ate a few tomatoes, they’re supposed to knock it down by 10 pts.
BTW…
Some Of Yesterday’s Buyers Of AIG Shares Couldn’t Sell Today
http://www.marketwatch.com/story/some-of-yesterdays-buyers-of-aig-shares-couldnt-sell-today
Back to Arnold…
Mad Max ? …. more like Dad Max !
You really have to wonder about Washington ( FEDeral Govt. )…
They give the big banks trillions and let the richest US state go BK for the sake of a few billions. Just shows how much they care about main-street !
@Dedo asked whether they are “cleansing” the system.
I would like to think so … but it really means “ending” the system … hopefully.
@MotherEarth:
His Nazi belt buckle. He hates.
@Phil So Arnold may star in another Mad Max production..
Something keeps Arnold from issueing a Californian Dollar, but what?
@ME … “What happens it California can no longer pay its policemen?”
Terminat’ion obviously !
Sorry about that , couldn’t resist !
AFAIK, 5 States are close to BK, not just CA.
Mother
http://www.youtube.com/watch?v=RIPSrKbYp0U&eurl=http%3A%2F%2Fwww%2Einfowars%2Ecom%2Fgerald%2Dcelente%2Don%2Dthe%2Dcap%2Dand%2Dtrade%2Dscam%2F&feature=player_embedded
Mike
What happens it California can no longer pay its policemen?
MF agrees to issue debt to member countries
Move increases resources of international financial institution
http://www.marketwatch.com/story/story/print?guid=75AFEFBE-9356-4183-90E3-DBADD4951088
… ” China has signaled its intention to invest up to $50 billion in IMF notes, and Brazil and Russia have signaled up to $10 billion each.
The IMF’s executive board didn’t set a limit or cap on the amount of notes that could be issued, an IMF official told reporters Wednesday afternoon. ” …
@Denninger .. something going BOOM ?
…” Keep your nose to the ground and your eyes open.
Someone (or more than one someone) is in trouble. ” …
http://market-ticker.denninger.net/archives/1177-BOOM!-More-Obfuscation.html
BTW… I suppose everybody noticed that AIG did a 20:1 reverse split today … and dropped somewhat [ not back to 1$
] afterwards.
No connection I suppose !
Max/Stacy, what time zone is your website set to? I have just posted at 11:13pm but it has timestamped for 3:13pm
there is no way the average American or a meaningful percentage of Americans will “get” this video. i can kind of discern the abstract or thesis of what this person is talking about. of course i can simplify it into “good or bad.” i do not think that i can summarize or articulate this position in a more detailed manner — likewise, i am confident that there are not many others who could elaborate on this position, hence saluzzi’s “expert” and unique status.
however, if he is correct and this is quite a salient point to add to the greater argument of “what is going on” then we are up shit-creek. our populous does NOT have the education or wherewithal to understand these kinds of problems. i am guessing that in 2009, the complexity of it all means that if GS has a clear path and interest to run this all the way down they will be able to, if that end is ultimately the most desirable outcome for GS.
(1) Max, you need these kinds of guys like Saluzzi on your show
(2) Can you do more lengthy interviews — you have had excellent guests — but too rushed
(3) would love to hear Saluzzi in a 30min-1hr discussion with you guys
(4) would love to see the arguments elaborated and picked apart, guest-by-guest
thanks for all the work!
BBC’s Newsnight is currently slagging off PressTV.
“What’s an essential purchase? Here’s the list:
Enough food to eat at home. No more eating out.
Rent and utilities.
Essential medical services.
Enough fuel to get to and from work.”
The above is KD-no-parties-anymore-nahnahnah list.
Here is my list of essentials:
Jacques Derrida: Of Grammatology (also any Cixous, some Yeats, Joyce…)
Four dacshunds.
Hot water.
Moderate priced red wine, zippy or fruity.
Brie.
A 2010 Toyota Prius, color green.
Less than an hour to the beach.
NOt only has the markets been rigged for years or decades. OUR lives have been as well. And not many people care or even realize it.
“They discover that the world has degenerated into a dystopia where advertising, commercialism, and cultural anti-intellectualism run rampant and dysgenic pressure has resulted in a uniformly stupid human society devoid of individual responsibility or consequences.”
Sounds like Arkansas.
the nanny country. I keep hearing that song about owing your wages to the company store. The powers that be did a good job of accomplishing it. They keep pulling the rug out from everyone just when the people to keep them in place.
Bloody Hell!!!
The Bank Of England admits that Banking has for the last 20 years been a “Southsea bubble”
http://www.guardian.co.uk/business/2009/jul/01/bank-england-south-sea-bubble
Mike
“They discover that the world has degenerated into a dystopia where advertising, commercialism, and cultural anti-intellectualism run rampant and dysgenic pressure has resulted in a uniformly stupid human society devoid of individual responsibility or consequences.”
Sounds like Arkansas.
thanks for all the good info..
Americans and I”m guessing alot of folks around the world have been trained to be obedient. The powers that be make it so difficult to survive in this modern life that your only way to make a living now is to work for the overlords. Jobs, taxes, mortages, food that the overlords grow. Medicines that the overlords make. And now the overlords for some reason are tightening the noose of existence for everyone.
.
@Dedo:
No, I only dance when I hear the music!
@Frances,……Did you go to the ball though?
correction: proficiency
Endgame: Being the littlest of three sister, I never got to be the banker when it came time to play Monopoly. Whenever the game went my way, to the point where it was obvious I’d be the winner, my sister would abruptly quit. I was left to clean up the game. I guess my sister won: she was the banker; she didn’t have to play anymore if she didn’t want to.
The reason it is impossible to square the circle is that a tangent must, by definition, intersect a line at only one point. The tangent drawn on any point on a circle will, when joined by other tangents to make a square, exhibit a profiency to make an infinite amount of squares.
There really is no limit on the human imagination.
It cannot be tamed.
It cannot be controlled.
Its destiny is read only when balance of the whole of the planet is achieved.
maybe instead of coca cola, it’s cocaine.
people toot a few lines of mastercard or countrywide-interest-only-mortgage and get high. they make a bunch of bad decisions until the dope wears off and they crash into a depression.
goldman is like the mob, who deals directly with the columbians/mexicans. not only can they jack the price up, but they can step on it like crazy.
we get the privilege of whoring ourselves out at the stripclubs they launder the money through, or scratching out a living as foot soldiers in the streetgangs they can make or break via control of the wholesale product and contacts in the police.
honest business owners who refuse to pay protection money get ‘taken care of.’
Max,
Could you image the French if their government would have responded to a Catastrophe like Katrina the way the US government did? There would be hell to pay. I hear Europeans were appalled by the Katrina response by the US.
Max, could intest you in a Jag or Landrover?
http://news.bbc.co.uk/1/hi/business/8129117.stm
Mike
francis snoot
yes… equilibrium will be restored in one way or another. the question is how to mobilize the masses cost effectively and that is where karmabanque comes in.. or, my other idea is to starve the beast by avoiding all copyrighted material – thus killing their propaganda machine. or have the world go on a massive gold bullion buying spree so that the fiat money spinners die from starvation.
these are all no-cost, or low cost ways to starve the beast.. but the masses need to feel as intellectually starved as they are physically obese.
the outcome portrayed in Mike Judge’s “Idocracy” i do not think is a foregone conclusion.
http://en.wikipedia.org/wiki/Idiocracy
@Max,……..I get the impression you and Stacy are fattaphobes!! : )
@francis snoot
As soon as you can tell me “a threshold” of what, I will breath again. Thank-you, humbly, for addressing my question.
…sanity. Sanity may or may not take hold. Sanity would mean intolerance of what GS is doing. But sanity is trading at an all time low.
IMHO Denninger’s plan hurts the common people by intimidating that fed reserve notes would be safe in non-Tarp banks. This on the eve of the Grinch visits hometown USA. But, of course, I lack your perspective entirely.
this link starve the beast
http://market-ticker.denninger.net/archives/1174-Starve-The-Beast-July-4th,-2009.html
@Mr. Keiser:
Do you believe it is possible to square the circle?
clearly, Americans are not ready yet to fight
http://www.huffingtonpost.com/2009/07/01/americas-fattest-states-m_n_223699.html
calories – subsidized by GS’s debt spinning lobbyists in D.D., in the form of HFCS and other “food” continue to terrorize America’s diet.
Coca-Cola is still a vulnerable company to a boycott – enough to eliminate it from the NYSE but not enough Americans have the will to step away from the 9.99 buffet.
Forced consumption in America is no more or less a gulag condition than forced labor in places like China and soon it’ll be forced gambling.
In the 1930 people danced themselves to death for a meal
sidney pollack’s classic;
They shoot horses don’t they
http://en.wikipedia.org/wiki/They_Shoot_Horses,_Don%27t_They%3F
“….the movie becomes an epic of exhaustion and futility.”
one reviewer called it..
isn’t this America today, exhaustion and futility.
Dear Mr. Keiser:
As soon as you can tell me “a threshold” of what, I will breath again. Thank-you, humbly, for addressing my question.
IMHO Denninger’s plan hurts the common people by intimidating that fed reserve notes would be safe in non-Tarp banks. This on the eve of the Grinch visits hometown USA. But, of course, I lack your perspective entirely.
I’ve gone long wine, recently. hic.
So? are software programs running the whole market show trending the market here and there by monitoring algorithmic data?
If this is the true case here, then artificial intelligence is already running the human race into the ground.
I am working on a piece on globalists/internationalist and I came across this clip..’Can You Feel It’..
http://www.youtube.com/watch?v=xW1fXL3s7bk
The first frames..In hindsight the whole clip seems like conditioning the masses to be childlike, fearfull without entertainment..
In light of the circumstances of MJs death (basically killed himself out of fear of the dictated prefomances).. We see an individual that never developed his agressive side, cornered into a regressive state from conception, unbalanced and desperately loving, incarnating and projecting this regressive force, a perfect instrument of control..
I think the ‘globalist’ are simply very smart, maximizing their freedom like any gangmember would, only their methods and tools are more advanced..
@francis snoot
yes, I could save capitalism. the problem is one of architecture. the markets – that revolved around price discovery – need to be rebuilt so that risk is more evenly distributed than it is now. Currently, risk is pushed out from the center by Goldman, JPM, etc toward the masses. As the result of having virtually no risks associated with their trading, groups like GS can grow exponentially and continue to suck the oxygen out of the economy (or ‘liquidity’ if you prefer).
One way to re-architect the markets/capitalism would be to shift the dynamic that does into the yield curve so that interest charges on capital don’t slide downwards as large players aggregate huge monopoly positions, but increase.
GS should be paying more to borrow since its size clearly means its taking less risk – as the price discovery mechanism gets obliterated by obvious insider trading and manipulation made easy by sheer volume waves coming into the market and crowding out the other players. This is what all this ‘program trading’ is all about. It’s GS pushing out all competition.
If GS had to pay a reasonable rate to borrow money instead of their current rate; negative 2 – 4% depending on how you calculate it, their ability to destroy markets would diminish.
If GS had to borrow money at 8 or 9% the firm would instantly fall in size by 2/3rd or more and a major threat to capitalism in America would disappear.
Currently there is no authority or regulatory body in a position to affect this change so that means citizens would have to downsize GS using what I call ‘karmai-capitalism.’
See Karl Deninger’s recent post about people going on a buying strike to help reshape current capitalist forces in America.
I have been championing this approach on KarmaBanque for 7 years. So far, the pain has not been great enough out there in the world outside of Wall St. to embrace karma-capitalism yet. Perhaps we are on a threshold…
@dedo:
LOL: check out Juergenwahl song on the prior thread; it concerns serious flushing.
@Phil,………Do you suppose they’re throwing out the baby with the bathwater,…..sort of cleaning out the system, making way for the new?
@Stacy:
Can Max Save Capitalism?!
@Dedo … “wasn’t it sacrilege to mention insider dealing, etc ,..yrs ago in public?”
Well , the Bloomberg thing is AFAIK a first for Bloomberg.
Cramer admitted in public ( was on YT ) a few years ago about how HFs operate … legally as far as the law is concerned … and “truly fair” of course NOT !
The book about Cramer’s old HF called “Trading with the enemy” came out way back in 2002 IIRC. I bought it immediately ( 60$ ) and had it finished before nightfall. I expected arrests and FBI investigations etc. to follow … nothing happened except Cramer got a regular spot on CNBC a few months later.
Max has a whole list of “WS fraud-methods” … did a nice video years ago.
I was pleased to see Catherine Austin-Fitts’s IRTA statement … that the whole damn system is and has been a complete fraud for years if not decades!
In ca. Yr.2000, a floor-trader friend of mine told me never to use stop losses, as the MM’ers and Specialists see them on their screens and like to “pick them up en masse” by dropping the price conveniently. This happened to me once, where 6000$ was stolen from me within seconds.
Remember the Steven Jobs’ 90 mio.$ options backdating thingy .. he got only a slap on the wrist IIRC.
I HAVE NOT YET SEEN ANYONE ARRESTED – TO THIS DAY – FOR NAKED SHORT SELLING !
So – as Markoplis “proved” – the SEC is not on our side.
The occasional “Martha Stewart” appears just to make us think the SEC is at work, but the BIG FISH rule the roost … and they are they biggest crooks of course !
Back to your question….
My impression is that MSM doesn’t even care anymore .. they know that uncovering fraud is no big deal these days, as everybody knows that the whole system is based on fraud anyway … IMO !
As the Great George Carlin R.I.P. once said : “It’s a Club and we ain’t in it ”
here ya go stacy, interesting article from California
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/06/29/MNUJ18EHVH.DTL
@phil ……You’re a long time trader Phil, wasn’t it sacrilege to mention insider dealing, etc ,..yrs ago in public?
Why would Bloomberg allow this information out? Cui bono? This is like the CNBC clip about market manipulation on KD site:
http://market-ticker.denninger.net/archives/1173-And-Here-It-Is-On-CNBC-Manipulation.html
@What’s with Biden’s promise ?
2009 CRISIS (a generated crisis to bring about New system..)
http://www.youtube.com/watch?v=ARMRAeDdU8Q&feature=rec-HM-rev-rn
If he keeps his word, it means “before” 22nd. July !
Conpiracy theories apart, he DID emphasize and promise.
Does he know ? .. is it already planned ?
Just reflecting !
if, as Max says, goldman is the head of the snake, who owns goldman? and who’s behind THEM? the same people as the fed? are they all frontmen? any theories?
Marshall Mcluhan the medium is the message he predicted this before the internet was even born.
You could conclude its such a terrible thing all these instantaneous transactions and market manipulation but then its a natural result of a new digital environment humans live in.
It can be done so it will be done and it will destroy the current economic system as would be natural, The security of digital money and bank accounts days are numbered anyway no one will be able to trust it in a near future date its going to be great fun to watch transpire.
But then coldfusion will come just in time to create the new environment. Out of the software and jump into the hardware which contains the software and you can go live independently on a a desert island if you so wish
I can’t remember who showed the fact that the volume is all programmed a couple of monts ago..Apparently you can see it clearly in the reporting of the big banks. Even then I guess the point is that the market will never be convinced, it just dances as long as it hears music.
I calculated tha Citibank will make more than 4 billion on (still legal) their credit card rate hike. Guess they trying to keep the indebted in debt, where they are more profitable..
http://www.youtube.com/watch?v=jTtMonV9e4Y
Its a casino your right on:
http://www.progress.com/psm/apama/trading-algorithms/index.ssp
Funny
http://www.playforgain.com/
o dear
@klaos … LOL , amazing !
We need a system with full reserve banking, we should have a firewall between investment and commercial banking like it was under Glass-Steagall. We should also not allow leverage beyond 15-1.
So in other words: “Lets use computers to squeeze every last fucking drop of liquidity out of this market until only powder comes out.”
Great plan. All of this is because of LTCM.
did y’all see the post before that on zh?
looks like sachs is recording keystrokes of the users of their portal to frontrun trades.
http://zerohedge.blogspot.com/2009/07/is-goldman-legally-frontrunning-its.html
mafia is as mafia does.
S&M,
Perhaps you can get this guy on your show(s) to go into this more. If I understand correctly, there are a lot of trades being made, perhaps the same number as always, but they must be canceling each other our (buy/sell) such that there is much less liquidity. I take it this means that we could have another drop like Oct 2008 at any time. Perhaps Max can explain the effect of liquidity and Stacy can come up with some numbers documenting the current lack thereof.
@ ” 70% of the trade volume is FICTITIOUS “!
Nice guy … to admit it !
PS:
This is the BIG ADMISSION I’ve been waiting for !
Thanks Stacy !