Stacy Summary: What’s wrong with this picture?
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ref. max keiser – Get 6 mo’s free storage
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Rick Ackerman-
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- David Morgan
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
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crash banksters – Buy Silver & gold
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Have a gander,.
http://www.tpuc.org/content/ministry-defence-company-also-traded-b-i-s-could-be-bank-international-settlements
………………..and your point is?
Mike
@Iceland
I see the article is from Mike Hudson.
IIRC, isn’t he actually himself involved in advising the Icelandic Govt. ?
Maybe Max & Stacy should get over there as well … why :
If I was representing the Icelandic population, I’d simply refuse to pay anything to foreign creditors .. simply because UNTIL the “fraud case” has been exposed and the responsible people called to justice, I’d say say : LET THEM WAIT ( 1000 years if neccesary ) until the facts are out.
Maybe Iceland is a good chance to change things , wrt Catherine Austi-Fitts’ ideas : BARTER.
Simpyl get rid of banks and money .. period.
Set up a BARTER-SYSTEM that uses say “1 ounze” of Silver as the “currency”.
The “coins” should NOT be called coins or currency of course, but something like “Icelandic Ounce Union” ( IOUs ).
For foreign traders, there would be absolutely no problem in accepting IOU’s IMO.
@Phil,…..maybe Iceland should be careful before making rash decisions like,.not using the system,…look what the central bank of central banks is trading as,…the point Mike was searching for.
(might is right)
@OT .. John Cleese’s EX-wife will become richer than him !
John Cleese in £12 million divorce settlement
http://www.telegraph.co.uk/news/newstopics/celebritynews/6043628/John-Cleese-in-12-million-divorce-settlement.html
Crazy … another INJUSTICE of our legal systems.
What has this women contributed to the world in comparison to JC that entitles her to the lion’s share of his wealth ? …. nothing !
A fair judgement IMO would have been to give her enough money based on a “national average” that lets her sustain herself and her children .. but not 600,000 GBP x 7 years !
Same goes for McCartney’s ex … forgotten her name, which just proves how (un)important she is IMO.
@Dedo .. “should be careful”
Sure … I get your point … BUT :
Just suppose Iceland went along the route I suggested and “they” the marched in the troops to “occupy” Iceland, it would PUBLICLY demonstrate how the Banksters are linked to Govt. and military…. i.e. beautifully !
Maybe more people ( J6Ps ) would start reading Griffin and Ruppert instead of watching their MSM TV soaps !
@Phil,……I’m sure the media would concoct another weapons of mass destruction story,….you know how easy it is to manipulate the masses,….you see it every single day!
But I know exactly what you mean, would be great if we could all get togeather as one for the betterment of humanity. Shame the science of manipulation is so far advanced : (
Mmmm…
If you are a bankster – blood dripping from your hands, gout coursing thru your entire body, narcissistic twitches at every opportune moment – and due a bonus, nothing is wrong with the picture.
If you are nearing a pensionable age, have saved all of your life and subscribed to the myth of the free market – or even if you doubted the free market ever existed yet still meekly accepted the ‘best in all possible worlds’ – there is plenty wrong with the picture presented by your leading headlines of the day. The two scenarios are part of the same serpentine maneuver.
Except, cash for clunkers. I don’t get how that one fits the picture. Are they going to employ pensionable people to keep the statistics down?
You see it a lot reading these posts,…..which is interesting in and of itself
@Ptah .. ” cash for clunkers ”
Ptah … my guess is that the “cash for clunkers” was a Govt. stop-gap just to keep the music playing a bit longer so that the the “important” ( LOL ) Institutions can offload their stock-holdings at higher prices . After all, the 2008 stock-market drop happened too early and too fast for their liking …. hence to “rebound” !
what’s wrong with this picture ? ….i think someones stolen it and left a cheap black & white foto copy on the wall.
@Dedo … ” science of manipulation ”
Just BTW , if politicians lie, they are still immune to punishment in most cases.
Maybe they should add a new Amendment to the Constitution : “Those in public office that lie get “hard labour” …. for life !
“By 2040, the largest age group of US population will be the over eighties” — in principal and in practice this model is “fantasyland steady state model” that this finance crisis has made moot.
The US will not be able to sustain this by the simple fact that it has 200 million surplus people. Overpopulated nations and empires have regular and normalizing population crashes — this is a normal unavoidable fact of life.
The American Imperialist lands are due for a decrease in the average lifespan just like Russia after the USSR collapsed.
I don’t disagree that the wealthy 1% of the US population will live longer, but everyone else will probably be dead by 70 — assuming they even have a chance to live to 40 that is.
@Maxpower,…….could you post some data to back up your facts,……cheers : )
If I ask myself to sum up the situation in the markets. The complexity, the opacity and secrecy, the propaganda, the vested interests, the corruption, the lies, the theft, the ignorance and the lack of accurate analysis and understanding, what do you get?
The normal evolution of group dynamics, ensuring the madness of crowds, resulting in rapid change.
In short CHAOS, in the same breath of saying nothing works, you can say, the situation is completely out of control on every level and therefore is completely NORMAL lol. Have a nice day !!!
@story majority population to be over 80 years old by 2040 . i dread to think what that shall be like , as nursing homes will be full to overflowing with rapidly ageing deteriorating punk rockers and hip hoppers of all kinds , by then the walls of nearly all nursing homes be covered by graffiti inside and out ,i guess it’s a bit hard to break dance when your over 80 ? still by then break dancing will have taken on a whole new meaning ? we’ll need st john ambulance volunteers standing by the dance floor so we can continue to enjoy ourselves , [ i dread to think what we will be listening to over the intercom ?,it certainly won't be mantovani ] . me ?, i am busy starting to learn some new craft activities so i can get a head start., advanced courses in basket weaving ,adventures in scrapbooking, that kind of thing …..time to get the hammond organ out play a rendition of a few old songs by the fall ‘middle class revolt ‘ was one of my all time favourites , or perhaps a few pistols numbers ,or new york dolls , later we can start to break up the furniture, after that we can all go back to sleep . do they allow pets in nursing homes ? because if the answer is no, i ‘aint going peacefully .
@Phil
It would be counter productive if the IMF would send in troops, indeed because it would show that armies and governments where implicated in the whole mechanism.
At the same time we should start recognizing the billion man army the IMF, World bank, Fed and aother banks employed because they put a plethora of vices on our social society that drives people apart and pits them against each other. Why is it employees want to shoot their bosses? Wheren’t they cooperating to deliver something usefull to society? Oh, of course, the employees got turned into numbers and their lack of individuality eroded their interest in social capital and respect. Why was that? Because we need to be efficient, maximizing profits..Why’s that? Because the GDP needs to grow in order to repay the bogus central bank debts in our fiat currency system.
Debt slavery has been a fact of life even before I was born.
If you remove everyone that thinks he is owed money or assets you’ll have eliminated all debt.
@ max poewer , max interesting that you should mention ‘fantasyland ‘ to with story aging population , i once read a fascinating biography on walt disney,. ‘walt apparently was a frustrated town planner and architect at heart who wanted to go on and build entire cities , alas he died young but he was a man of true vision ,’tomorrow land ‘ in Disneyland was meant to be a model of what was to come ,the kind of cities that walt would have liked to have built had he lived long enough , interesting also that he envisioned cities being segregated by age as he thought having separate cities for both young people and old people was good thing , he also envisioned cities that would have centralised garbage collection or waste disposal system attached to peoples sinks so there would be no more need for rubbish collecting , i guess he was just ahead of his time ? like a lot of people who used to watch ‘ disney land ‘ when they were younger i was always expecting but never saw a single ‘tomorrow land ‘episode that they featured or promised at the beginning of the show ,like a lot of people i felt ripped off by that and have never liked or learned to trust anything by disney since .too many false promises for me to be believe in but i did enjoy, fantasia, it was seeing dick van dyke as a pavement artist in fantasia when i was very young that inspired me to go on to be an artist ,so perhaps i shouldn’t be too harsh.
@Mother Earth … well said .
Actually exactly what I meant of course !
@Phil
Right on!
@vagabond,…….wasn’t that Mary Poppins,.: )
@ Mother Earth
Eliminate all debt = eliminate all fiat currency = no growth = no interest on savings…….. er, even Max isn’t happy about not getting interest on his weath – as stated by him in numerous rants. Instead humankind is destined to staggered between periods of prosterity and disaster, because we can’t be nice enough to each other to tolerate a no growth system. Oh well, that’s life for you.
On zombie housholds, Japan’s zombie banks and sheeple I found these valuable resources.
http://news.bbc.co.uk/1/hi/sci/tech/8206280.stm
http://www.zombieresearch.org/aboutus.html
This is not for everyone, but Phil and Sharon might care to take a peek. Nothing on the Mayan Calendar as the material is old but you should be able to get the drift.
http://www.mega.nu/ampp/eden/occult.html
http://www.mega.nu/ampp/newage.html
@Nic
Your mind still needs to jump a few boulders to get out of the swamp…
There is a big difference between a bank that invests deposits by claiming a percentage of the revenue of a new enterprise and a bank that loans out money based on colateral and charges a arbitrary interest (what it can charge without choking the market). The first can bappen in a gold based money system, the latter can’t. The first makse a bank a responsible participant in society, the latter its irresponisble bookie..
@Dedo ..Doh ! thanks ! memory fading fast !
@ptah – very funny; welcome back . . . haven’t seen you in awhile!
I think the headlines are showing that split that happens at end of empire, where those closest to power get the spoils; so, despite the rhetoric, it absolutely DOES NOT pay in our system to be an entrepreneur / capitalist . . . you have to work for govt / be close to court . . . if you want to take care of your family
re: the population being mostly over 80; i see this as a potentially huge danger in a democracy; if you have the votes, you buy the politician; so benefits will accrue to those who are no longer productive and the burden will increasingly fall onto those who are productive . . .
@Phil – I do want to return to Iceland and make a follow up film; need to pitch it to some networks and/or raise money some other way
@Nic Abbott … ” . er, even Max isn’t happy about not getting interest on his weath ”
Nic,
why should “anyone” get “interest” on anything .
If there was no interest, people would (forced to) invest their money into sensible things with low to medium risk.
Banks would have top become REAL Venture Capitalists in order to make money .
a) be sure their DUE DILLIGENCE would be 100%
b) they wouldn’t F around with stock-market games
JMHO FWIW
@Stacy
The image I get when reading the headlines is that of two parts of an Orio cookie comming apart suddenly, or what you see when breaking a Lion bar…Society is becoming unglued.
For me, the minute I saw the images of the incineration on reentry of the Columbia space shuttle it became a symbol of the crossed watershed towards inevitable US decline. Damn stuff Opera’s are made of..
http://digg.com/dialogg/Timothy_Geithner_1
Timothy Geithner, are you a terrorist?
@ Max Keiser
Hey Max.
Is this your Love and Fear guy?
He is great.
3 part video.
Dunno if this has already been posted but he, like you, has a technical AND ethical bent.
Talks about gold tanking, 2012, compairsons of 1930′s, etc.
http://www.youtube.com/watch?v=nDG47TJQzBw&feature=related
@Dedo………..MOD being a subsidiary of BIS.
Amazing isn’t it? We’ve all been duped! I remember hearing some of the protesters at the G20 shouting: “Who’s streets; our streets, who’s streets; our streets!” and I thought Oh God if only you knew. Whole countries are now undeniably corporations owned by very few men and the people in those countries are bonded and traded as assets. The govs are the customer services depts. but their allegiance is obviously to their masters (the owners of the corporations). This truth needs to be understood by all, same with the laws which are nearly all based on contract law thereby requiring the consent of the governed – we need not consent!
China cutting $ holdings, UK BUYING $
http://news.bbc.co.uk/1/hi/business/8207174.stm
Mike
@ Phil
I agree with “why should anyone get interest?” That was my point, actually. It’s just I’ve never found anyone who agrees with that point before.
@ Mother Earth
I see what you are saying that gold based money could be interest bearing. I admit I hadn’t even thought of that.
Any help out of the swamp (of dispair) is appreciated
But, now I’ve thought about it, it is very unlikely we’ll see a return to a gold based money system (and you mean a complete end to the fractional reserve system as well) so I’ll just dispair a while longer.
The image I’m getting is black, mostly. Green and brown, maybe bullrushes? Quite a bit of rain. Puddles, mud. Yep, it is a swamp after all. A horrible stinking debt bog that is dragging us all down.
I guess their indifferent to what people think, and thats fine, but don’t let them misrepresent what was done here. No one cares what they earned, everyone cares how they took it… through intimidation, crony politics, theft…call a spade a spade.
Goldman Shakes Off ‘Negative Press’
http://dealbook.blogs.nytimes.com/2009/08/17/goldman-shakes-off-negative-press/
Business As Usual…Goldman Shakes Off ‘Negative Press’
http://www.goldmansachs666.com/2009/08/business-as-usualgoldman-shakes-off_18.html
@Sharon,….Maybe why the changes are happening,..you know,..fall of the empire illusion. (The serpent shedding its skin). Human ingenuity is of course emergent, and not finite. So the need to keep renewing folks perceptions of reality is a must for the establishment, to keep order….just a thought : )
Appearing on BBC’s Hardtalk is Dr Lovelock, an environmental scientist who believes that the climate change we’re currently experiencing is inevitable and that there’s nothing we can do now to prevent it. Trying to produce renewable energy will not work, he says it’s crazy to even try. He does think that CO2 is causing the problem and that the planet cannot sustain more than 1 billion people. As a result the population will be reduced to that number come what may and it will be reduced this century. According to him Britain will be one of the few safe countries because geographically it is protected from climate change (actually he didn’t mention any other safe country). He said this will lead to mass immigration into Britain and that like a lifeboat it can only take so many.
Don’t know if I believe him but he does come across as credible (maybe he’s on the oligarchy payroll).
http://www.bbc.co.uk/iplayer/episode/b00m543d/HARDtalk_James_Lovelock/
Maybe this is why the Australian Govt is happier than most.
http://business.smh.com.au/business/australia-signs-biggest-ever-resource-deal-with-china-20090818-ep2f.html
@Dedo, yes that would make sense – order out of chaos is their motto (I think it even says that on the dollar bill, I know one of the headquarters has it written in stone above the door). I wonder though whether they believe what Dr Lovelock says (previous post) in that the earth can only support 1 billion and therefore most of us have to go.
The population explosion at the pension end of the scale is a peculiar phenomenon. It is inherently linked to the boom in adults with no children, who have disposable income and have – in general – fueled the fire of financial bubbles.
A pensionable top heavy society, without young adults earning and being industrious, is an inverted financial pyramid ready to topple over. This must be a contributing factor to what we are seeing at present.
Calif. Crises Deepens – with More States to Follow:-
http://www.cnbc.com/id/28978169
Sharon:
The notion of an over-populated planet is consistent with Bilderberg thinking.
My advice to anyone who believes the planet is over-populated. Do us all a favour, go outside and kill yourself. Leave the rest of us alone in peace.
@Nic
The problem with ‘blind interest’ even in a gold based money system is that you lose ‘information’, meaning you degrade the visibility of risk and social utility. An economy where the real risk is not understood (what does 5% interest mean, how likely is it to be realized, who benefits etc..) eventually develops (imho) a class of lenders that simply accepts that some perish as a result of loans and interest. As long as there is no consequence to it, or they are born by others, there really is no risk.
One end of the spectrum these lenders dream of is money you never own (virtual cash). The opposite end is money the holders only ever owns. The last is the most natural thing (for the means of exchange to something with intrinsic exchange value). The BRIC members want that because they want to get rid of the controlling force of the money owners.
The succes of the deception is such that it will be hard to clarify, as I experienced this weekend in discussions with some financial experts. Once you are on crack, the downside is no longer relevant.
@Mini,……Be nice to be able to follow the money and see how it’s appropriated
Re: $50 billion resource sell off.
Lovelock’s an absolute hoot
If the consensus is going one way, he’ll say the opposite. Thereby, mostly he talks a lot of sense. I love him. Should have him on the edge!
@dedo
Yes it would but I don’t like our chances;)
Apparently there are enormous reserves of gas up north west coast, Karratha area.
May give Aust a chance to pay off stimulus debt better than most though.
China will turn Australia into one big hole in the ground!
Meanwhile the Govt blabbering away about climate change. ha!
@ Mother Earth.
As you extend my knowledge further my hatred of interest multiplies.
Speaking of exports.
Does that mean we get paid in $US?
D’oh!
@Ptah
Don’t shoot the messenger! I’m not saying there’s too many, I was just posting what they think. I don’t actually believe CO2 is a problem but then I’m no expert.
“Those who formally rule take their signals and commands not from the electorate as a body, but from a small group of men (plus a few women). This group will be called the Establishment. It exists even though that existence is stoutly denied. It is one of the secrets of the American social order. [...] A second secret is the fact that the existence of the Establishment — the ruling class — is not supposed to be discussed.”
-Arthur S. Miller, George Washington University law professor (deceased)
JAMES LOVELOCK, nature lover not:
http://green-agenda.com/gaia.html
James Lovelock is a servant of the military-industrial complex, a graduate of Aleister Crowley’s Pasadena branch of the O.T.O. Think NASA, Jack Parsons and Ron Hubbard.
You might find this a good read:
http://www.excludedmiddle.com/jack_parsons.htm
In preparation
http://www.iii.co.uk/news/?type=afxnews&articleid=7481457&subject=markets&action=article
Since it appears Goldman Sachs is primary manipulator of stock market using the federal reserve. Number 1 Goldman Sacks cash cow strategy is the derivatives market in equities. What Congress should do immediately is ban the DERIVATIVES MARKET COMPLETELY (until this manipulation stops) this will be faster then auditing the fed and can be thrown in the Financial Reform process that is currently taking place. We need more control of the the federal reserve and Goldman Sachs had they done there job responsible this won’t be happening. REMEMBER 95% of people that play options lose money. THIS IS ALL BECAUSE OF MANIPULATION!
Support this bill
http://www.auditthefed.com/
I guess we already knew this, but when it makes MSM you know its REAL – Hahahahahahha!
http://news.bbc.co.uk/2/hi/business/8207174.stm
@mini ,yes i agree just when everything is about to fall into a black hole, confirmation for me at least today from london legal end off things project off the ground and running in time for 2010 regardless of what does does not happen by then as its been in the making organising for along time, interviews in my lounge room by film types, flattering , so i guess i won’t be posting too much in the near future but i will continue to check this site to see how things are going ..hopefully the project i am involved with will be something you can all watch in a year or twos time ,dare i say pirate it. nothing spectacular ,perhaps you have seen a few of them already. ? ciao .
Why all systems fail…greed.
Why gold will become sought after…integrity value.
Widespread Fraud, Option Backdating, Exec Felonies
http://www.ritholtz.com/blog/2009/08/widespread-fraud-option-backdating-exec-felonies/
@Vagabond
Sounds interesting.
Good luck with it all.
Keep in touch, the odd post couldn’t hurt
IN A MANIPULATED MARKET DERIVATIVES ARE INSTRUMENT OF MASS FINANCIAL DESTRUCTION!!!!!!!!!!!!!
http://www.auditthefed.com/
Northern Rock defaults on bond payments.
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6800057.ece
@AnythingbutGreen:
Wonder why you consider the links you posted as “advised to be read only by Sharon and Phil.” Odd. Of course I immediately opened them being driven as always by curiosity.
The writer of those links is living in a dark tunnel of dogma and rigid egocentrism. Really, Plato cannot be said to believe in reincarnation. It can be inferred perhaps. And this statement:
Both urge people to oppose their own nature.
Both in the writer’s mind being socialism and Buddhism.
The writer is, of course, relying on ‘that which goes without saying’, and that being a Christian Western mindset. It is absurd to write that Buddhism urges people to oppose their own nature without first admitting that one’s views on human nature are personal and subjective. The writer does not do so: do you think the writer assumes his audience is as rigid and unyielding as himself?
I did not continue reading as the writer had destroyed his own witness as a disinterested observer.
cheers
reserve copies of Stacy’s new documentary
‘on the road’
here
http://beta.piratemyfilm.com/
Transparency in the markets you don’t have it and there is a reason you have it. Because the more transparency the harder it is to manipulate. I also agree 100% with MAX GOLDMAN SACHS ARE SCUM!!!
@Max Keiser
Coooooooooooollllllll
Piratemyfilm is up and running.
$30,000? Thats good value for 120 minute doco.
Does that mean you gonna make it down under?
Visit the Perth Mint.
If Peter Schiff can get $850,000 in one month to run for the senate we should be able to manage $30k.
I THINK A BOLD AND DECISIVE MOVE BY THIS ADMINISTRATION WOULD BE TO BAND DERIVATIVES UNTIL OUR MARKET HAVE STABILIZED AND THE SCUM ARE THROWN IN JAIL!
http://www.auditthefed.com/
WE REALLY HAVN’T SEEN ANY BOLD AND DECISIVE MOVES YET!!!
@mini ,..Thanks ! will keep in touch , this has been on and off since january was originally meant to be underway by later this year , now early next year ,[things always seem to take longer than we think] , spent my time referencing things etc making suggestions about changes etc and having occasional interviews [nothing formal] ,then nothing for a long,long time , i had one or two people put in a good word ,then finally the big skype hook up .and now the go ahead.confirmed. somehow a bit of an anticlimax but still scares the hell out of me. the good thing is that at least if it’s crap no one will know who was responsible .
You can’t let the options drive the price of stocks index etc completely disregarding news and fundamental with manipulation.
YOU DON”T HAVE TO BE A ROCKET SCIENTIST TO FIGURE THIS OUT!!!!!!!!
“Socialism holds that perspicacious effort is a sin, and that indolence is an entitlement”
This from the ‘not for everyone’ link. I mean, really, where does socialism deem indolence an entitlement? Histrionic sentence aside: why don’t we all go back to doing samplers of our deemed virtues? According to this author, the enlightenment should be cast aside as contributing to a cult religion he terms New Age.
Daniel Pouzzner calls himself a “dissident intellectual”. HA HA HA HA. Must he hide out so no one can read such trite and unsubstantiated treatises as this one:
The universe is not, of course, composed of wholly natural opposites, as any genuine scientist can attest.
Pouzzner is, it seems, unaware of quantum physics. The linear path to fear and trembling he takes is bound to lead to a point. of. oblivion.
It kills me wall st wants to hang you if you know something about a company and invest calling it insider trading but these clowns do it everyday!!!!!
Who is buying into this market nobody the FED shot it up like a ahole via Goldman’s manipulation past experience with anybody that bought under these conditions got there head handed to them. The only one making money is Goldman Scum
Ohh,….Frances,..seems we have an intellectual rivalry,..somewhat on the horizon!! : )
AFTER OPTIONS EXPIRE THIS FRIDAY GOLDMAN MADE 100BILLION DOLLARS. NOTHING YOU CAN DO ABOUT IT LIKE HANK PAULSON STEALING 700BILLION NOTHING YOU CAN DO
http://www.auditthefed.com/
@Dedo:
No rivalry intented! The man who wrote those pieces believes in verbal graffiti: my art, my truth, my wall, no dialogue.
I just don’t like his wall.
intended… where’s the spelling genie when I need him?
@Frances,……pity he wasn’t on this forum to defend his position,….I’d love to see you two go at it,.: )
@sharon … ” I don’t actually believe CO2 is a problem but then I’m no expert. ”
I agree !
OXYGEN is the problem … to be able to support 9 Bio. people, especially if the Oceans’ plankton dies off !
Obama Financial reform a list BS design to bottle neck Congress!!! WE NEED SOME $HIT DONE NOW!!!!!!!!!
AND NOT ONLY THAT THEY TAKE A BREAK WHAT THE #$%^!
They try to make Ron Paul look like a radical nobody makes more sense then this man nobody
http://www.auditthefed.com/
@Phil…………..OXYGEN is the problem … to be able to support 9 Bio. people, especially if the Oceans’ plankton dies off !
So are you saying that there aren’t enough CO2 absorbing entities(?) left to produce the amount of oxygen needed for 9 billion people? And that even though CO2 itself is the life giving gas that enables vegetation which would then absorb the CO2 and produce oxygen, it would take too long for new vegetation to appear in order to produce the amount of oxygen needed? Hope this makes sense.
How’s this for a road map?
Substitution and the weak dollar: Welcome to the third world
“This is not deflation. A three quarters full box of corn flakes sold for the same price today as a full box last year is not deflation. Fish and chips made with cheap versus premium cod and sold for the same price is not deflation. Getting packed like a sardine into a passenger jet that flies a given route half as often as before the depression started is not deflation. Getting a giant plate of rice or spaghetti sprinkled with vegetables and meat is not deflation.”
August 2009 FIRE Economy Depression
http://www.itulip.com/forums/showthread.php?p=116417#post116417
Here comes the next “crisis” prophesised by the Club of Rome think tank
http://www.morningstar.co.uk/uk/news/article.aspx?articleid=81979&categoryid=13&lang=en-GB
@Dante:
Wow. Thanks for that ITulip link!!!
@Dedo:
I would to always champion Walt Whitman! (he was on the man’s infamous list of unsavories!!!)
@frances snoot your welcome..
after that article you might want to read Derringers latest:
Will It All Come Tumbling Down?
At 5% of non-performing loans a bank is at risk of being insolvent.
But the entire banking system in The United States had its non-performing loan ratio increase from 5.58% in the first quarter to 6.49% in the second, a record, and higher than the 5% level at which the survival of a bank(ing system) is threatened with collapse.
http://market-ticker.org/archives/1344-Will-It-All-Come-Tumbling-Down.html
@sharon .. ” Hope this makes sense.”
Yes … we are destroying the CO2 entities like marshes, rain forests etc. etc. while our ozone protection diminishes killing plankton ( bottom of the sea’s food chain ).
I could imagine a stable equilibrium could become an unstable one at the rate things are moving – i.e. a sudden “flip” and a fast catastrophy.
BTW .. did you know that the oceans’ jellyfish population is literally exploding – thanks to pollution.
Krugman bashing at its finest:
http://www.atimes.com/atimes/Global_Economy/KH19Dj02.html
@Mike; Yessir…let’s you & me run up to 85 Broad Street and tell Blankfein a thing or two…end the manipulation and all the derivatives too…there now that that’s done…grab your crotch and run for it…for as sure as I have eyes in head they are gonna track you down much like Bin Laden….$3 trillion later and he’s not even on the FBI’s most wanted list….But you are an easier target…so the bill: HR 1207 only calls for an audit….does hide the books mean anything to you??? If you never knew where to look before…what does transparency mean if/when the bill is signed into law…Now don’t get me wrong..I’m obviously a blatant cynic….I think Ron Paul is a good man..yet he doesn’t control Congress nor will he have the last word when the door is opened @ the FED…they must have a back door…what do you think??? Mr. Barofsky mentions $23.5 trillion and has anyone shuttered at the thought….What about Rep. Grayson, when he asked where did the $500 billion in foreign central bank swaps go????????????Now you and I both know it’s being used to prop up the dollar from offshore..and the markets and treasury auctions too!!!!!!!!Remember Alan Greenspan wasn’t that aware that $6-9 billion in $100 bills was whisked away from the FED NJ repository to Baghdad on 144 pallets in 2003>>>>>>>>>>>so how is an average auditor going to locate anything peculiar????????
Reduced volatility hurts LCG : A reduction in market volatility, higher operating costs and lower levels of inte.. http://bit.ly/tO9zt
Aricle (Above) proves my statement from yesterday that there are only volatility traders left on the market.
The long term investors are long gone.
Nationwide Revolt Against Mass Swine Flu Vaccination Accelerates http://tinyurl.com/py7lzr
There is an eye-opening new movie out about stock market manipulation, the SEC, and short selling called: “Stock Shock.” Very easy to understand and entertaining. Amazon has it or stockshockmovie.com has a trailer.