Stacy Summary: When the punter has a fresh drink and is just about to roll the dice, there are plenty of green shoots in the casino. It all seems so hopeful just then.
- Surge in homeless children (h/t @maxkeiser)
“People lost so much money last year and they are so desperate to recoup their losses that they are willing to invest in anything,” said Brad Golding, portfolio manager of CRC Financials Opportunity hedge fund in the Cayman Islands.
“Everyone wants a lottery ticket.”
————–
Traders say Lehman and WaMu have more debt than cash, meaning they have no equity value and buying their shares is a forlorn cause.
“It is tulip mania,” Mr Golding said.
“People have decided [a stock] is worth something based on nothing. The facts are quite the contrary.”
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If you hold US dollars in accounts which now pay zero interest, and the dollar is continuing its collapse, what better place to put those dollars than into large cap stocks with farms or power plants or other assets of real value?
For the average investor, gold is a loser. You pay comissions buying and selling, plus storage fees–and you never actually see the gold you supposedly “own”.
@naomi
The pipeline from the Caspian Sea to Israel is one explanation. Another perspective on the war in Afghanistan is the opium/heroin drug trade.
The Spoils of War: Afghanistan’s Multi billion Dollar Heroin Trade article:
http://globalresearch.ca/articles/CHO404A.html
@Fred .. Aha … “Calling Dr. Zbig”
Just spotted that !
@Fred’s Family … thanks for the link.
I think he is one of the few people that are really “on the ball” .
Strangely enough, what he says is happening is
a) roughly the Brezinski plan
b) correlates with “Crossing the Rubicon”
I have many old Iranian, Indian and Afghani friends from the past . I love talking to non Europeans as “their” view of the world events are often big eye-openers.
We are often made to think here in the West that the hate against our Anglo/American political games / wars is just from the poor and deprived and radicals. I , at least , have made the experience that many of the better off and better educated people from these countries also have a strong dislike of how they’re treated by “us” , the so-called “civilized” world .. LOL.
@Phil
Like I posted before,
Pepe’s take
http://www.globalresearch.ca/index.php?context=va&aid=12893
@naomi .. do you mean Pepe Escobar
The Afghan chessboard
http://www.youtube.com/watch?v=AN5a9WomVqs
Whatever, he is one of the sharpest out there IMO.
Naomi,
And anyone else who would like clarity on why the hell we are there in the first place. This includes the take down of Argentina
of all things. Why the people don’t just see this and pull the plug
on the war is so obvious, they just don’t see it. It’s buried in the rubble next to those two towers in NY.
http://www.fourwinds10.com/siterun_data/government/fraud/911_attack/news.php?q=1216405258
http://www.globalresearch.ca/index.php?context=va&aid=12893
Someone here posted a link to a spanish journalist who was covering the Afghanistan war and Iraq war, could you repost. I cannot find the link here.
He was really spot on.
So it’s not a conspiracy theory,……yipeeeeee,….we’re not wacko’s,..( well I am),…yeehahhaaa
What,.!! new currency,…where, when ,…who,….huh!!
where did that come from,….sneaky!! : )
Good Analysis of the low-wage future …
Labor Day and the low-wage future
Jeannette Wicks-Lim: Pre-crisis forecast from Dept. of Labor shows a US economy structurally inclined toward low wages
http://www.youtube.com/watch?v=Wr0o-wB540c&feature=sub
@Mike .. Nice find :
UN Says New Currency Is Needed to Fix Broken ‘Confidence Game’
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By Jonathan Tirone
Sept. 7 (Bloomberg) — The dollar’s role in international trade should be reduced by establishing a new currency to protect emerging markets from the “confidence game” of financial speculation, the United Nations said.
*** the “confidence game” of financial speculation, ***
Aha .. they mean the US Govt. of course !
Or does someone else “own” the US $ ?
SHOCK NEWS!
UN CALLS FOR NEW RESERVE CURRENCY !
http://www.bloomberg.com/apps/news?pid=20601087&sid=aSp9VoPeHquI
Mike
Final Demise
http://www.youtube.com/watch?v=zv6Au5uXfv4&feature=sub
The guy from Bohemian Grove.
Burningman is happening right now. Due to the Recession, expected turnout was 45000, down from ~50k last year.
http://www.rgj.com/article/20090806/NEWS/908060342/1321
I have suddenly started noticing a recent increase in pregnant women ….a friend tells me that its difficult to fire them from a job…a good recession hedge…no?
@ Max
I am not sure with how many we are but if you ad all the anti-cartel sites we must be a few hundred thousand readers of which I am sure the majority wants to replace this financial system.
The Achilles heel of the cartel is gold and silver and I asked this in one of your previous posts but you never replied to it:
“As you are the expert in the field I would like to know what we (simple souls staring at our 14-23” screens) can do (besides buying more gold/silver) to stuff up, destabilize, abort, crack, manipulate or at least ridicule the system and price finding mechanism at the COMEX”.
Can you give this some thought? There must be something?
L’Union Fait La Force!
Bribes for ratings does it get any more ridiculous?
If this gets as bad as I imagine who is going to have any faith or trust in any form of fiat system again? They seem to be damaging themselves far more ruthlessly than any foe could?
It all comes down to simple theft, deceit and fraud over and over.
What a ugly business yuk
I wonder how long to the 2nd wave hits?
BTW i See Obama is LESS popular then Ford AFTER he said he wouldn’t take legal action against Nixon!
Mike