Stacy Summary: Over the past year, there certainly has been loads of talk about dumping the dollar. When, however, will we move past the headline stage and to the point where someone acts?
- UN currency plans have come too late (h/t Mike/Liverpool)
Tags: dollar · gold · un143 Comments
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@13BlackCats … Kenya Birth Certificate ..Make Your Own !
http://kenyanbirthcertificategenerator.com/
Note: As this is just for fun, we recommend you still practice good privacy measures and not necessarily post your actual birthplace, maiden name, fingerprints, retinal scans, etc. Be creative, have fun, and thanks for visiting!
@13BlackCats … You may have a good point !
A man who had claimed to have a copy of President Obama’s Kenyan birth certificate, attempted to sell it on eBay and then disappeared from contact has reappeared, this time with a video of the document he claims proves Obama’s foreign birth.
As WND reported, Lucas Smith, a former resident of Cedar Rapids, Iowa, and known by the eBay handle “colmado_noranja,” claimed online and in phone conversations with WND to have an authentic document from Coast Provincial Hospital in Mombasa proving Obama’s birth there at 7:24 p.m. on Aug. 4, 1961.
http://countusout.wordpress.com/2009/08/23/barack-obama-kenyan-birth-certificate-lucas-smith-coast-province-general-hospital/
@frances…………Charlie Sheen is an actor and this is his most stunning part, nothing more nor less.
I take your point about him being an actor but that does not preclude him from having righteous views or being able to work out that 9/11 was an inside job. Could it not be that he has acted on his principles and used his celebrity to gain an audience with the president? Being an actor does not mean he is not a free thinking human being capable of questioning authority. Nor does it mean that he can’t be as angry about 9/11 as the rest of us.
http://www.youtube.com/watch?v=BkWd2INPhL4&NR=1 and http://www.youtube.com/watch?v=DABQPNnN6ro&feature=sub can cause a load of trouble for the USA
In keeping with the ‘Another day, another bad headline’ theme…from the people who brought you lead-painted baby toys, and shoving sh*t out the door is Job #1:
Woman suspected of shoplifting beaten to death at Beijing Wal-Mart
http://www.google.com/hostednews/ap/article/ALeqM5iNDZiaw6lLplHclXXBRp2EgD8aLQD9AJ2S8G0
…”The city police headquarters referred questions to the district police station, which referred them to the criminal department, where no one answered the phone.”
Note that the Charlie Sheen / Obama interview was not real…
at least according to the disclaimer that IMMEDIATELY follows the “transcript”
It seems a lot of people got excited for nothing…
However, the responses are probably similar to what Obama would say, except it’s missing the word “Look” that Obama tends to toss in front of his responses when he’s trying to think…
Geithner rides the $ to “Sucess”:-
http://www.youtube.com/watch?v=ueuauKKjPZI&feature=related
Mike
Re: piece of paper with footprint,…..
All a bit silly really isn’t it,…I mean,..c’mon,…do you think Obama did all this by himself, with a few chums, for a laugh!! My take is,….. there is far more important stuff going on behind the curtain,..as always,. while everyone keeps busy being buzzzy,.yaaaawwwwwn
Most emerging economies use the “export to grow” model, following the Japanese example which was so successful for that country after World War II. The model is relatively simple. Take a compliant, hard working workforce, pay them relatively little comparative to the developed economies which are the target market, and produce a flood of low cost goods of reasonable quality which undercut anything similar produced in the developed economies. Export these cheap goods to the developed market and ruthlessly suppress any rise in exchange rates which would be the natural consequence of such a one sided trade flow and would normally remove the competitive advantage.
The result, a rapidly growing economy and huge foreign currency reserves, which can be recycled to provide liquidity and credit in the developed economies to keep the whole merry-go-round turning. If the export starter motor can be kept running long enough then ultimately the domestic economy within the emerging country will reach critical mass and start to provide an internal home for what were previously exported goods.
Not a bad theory and who can blame emerging economies from taking this route to shortcut the economic development process which would otherwise take generations. China is the most recent and largest proponent. But it seems it may have come to the table too late.
For the system to work properly the consuming nations would need to see their incomes in real terms rising in order to be able sustainably to keep purchasing the exported goods. That patently has not happened. Rather in the west, incomes in real terms have either remained static or have fallen for a generation.
It was not rising real incomes that fuelled western consumerism but rising real debt, the like of which the world has never seen. The debt explosion was made possible by historically low central bank interest rates together with new forms of financial instruments, mainly based on securitisation and repackaging of loans to be sold on to investors, allowing banks in many cases to operate at reserve ratios far lower than would normally be considered prudent.
As we all now know the system finally hit the buffers when the least creditworthy began to default triggering a systemic collapse in the entire financial system which threatened Armageddon.
All over the world governments stepped in to shore up the banking system as politicians looked into the abyss and did not like what they saw one bit. I suppose we cannot blame them for that – it would be a very brave politician who said to the world go hang, and there are precious few brave politicians around.
So where are we now? What seems to have happened is that governments have shouldered a large chunk of the debt burden previously held by banks and individuals and that burden is now carried by all of us rather than just the participating parties. To that extent therefore, unfair though it may seem, the system is more secure than it was when the crisis began. All for one and one for all etc.
But whilst the collapsing building has been temporarily shored up, how will it be possible to build any higher given that the foundations were built on excessive volumes of debt which by definition must have reached saturation point for the collapse to have occurred in the first place.
Governments are hoping that by assuming a large proportion of the debt burden of the insolvent banks that somehow the latter will be in a position to restart the lending jamboree and the good old times will be back. But that is not possible. Why, because firstly, western consumers were already maxed out and could not sustain the debt they had – hence the problem. Secondly, the securitisation industry which allowed banks to really crank up the lending is dead in the water and will not return for a long time. Who wants to buy collateralised debt now? Thirdly, the wholesale money markets are a mere shadow of their former selves, so no more Northern Rocks for the moment.
So whereto from here? Fundamentally the problem was caused by lack of income in the western world. If incomes had been rising in real terms then the western world could have gorged on imported knick knacks with impunity. But as we know that was not the case so the difference was made up by debt which ultimately hit the buffers.
So what of the indebted western governments. Their problem too is lack of income. During the glory years their income came from a buoyant financial services industry, from indirect taxation on a manic consumer market, on exceptional corporate profits etc etc. But fundamentally this whole model relied on debt. Profits from lending, corporate profits from selling to debt driven consumers, and a sales tax on every item bought and every mortgaged property sold. With far less debt, there will be far less income for governments.
Whilst their income position is not looking too bright, on the expenditure side it is business as usual and some. And the shortfall is made up by borrowing or printing up the difference. Without real rising incomes it is only a matter of time before they too become maxed out and the same calamity that hit the financial markets last year will befall them. Ultimately the printing of money will have to stop and the only recourse will be to the debt markets who will demand higher and higher yields as the risk of national defaults grow. This will be the death spiral, particularly for countries like the UK who are outside the major currency blocks and politically would find it almost impossible to reduce expenditure to match their falling income.
And so back to China where I started. Without the debt fuelled western consumer to keep their export model running they will have to look closer to home and try to build their own internal markets. This is a slow old business which is why they chose the “export to grow” model in the first place. To expect them to be the locomotive for world growth seems to me to be extreme wishful thinking, and without the western export market to sell to, they will not have any more use for western government bonds – why would they?
this is great – (max stacy and all those on board with some of their opinions on healthcare need to watch this)
http://www.youtube.com/watch?v=aAm6Qck5v78&feature=popular
@dedo
I don’t know…
but according to the affidavit filed with the courts, this is serious business
http://americangrandjury.org/lucas-smith-affidavit-now-filed-with-the-us-district-court-obama-kenyan-bc
@Guiseppe,… It’s serious “business” as usual me thinks,..
If we’re talkin’ probabilities it’s serious if it’s real,.and serious if it’s not,..in both cases ,..we all know who Lucas Smith is or isn’t……it’s called publicity and it’s a stunt, ask the guy who shot Kennedy : ) or not,…
Dedo, it’s “serious” because to file a false legal affidavit in a US District Court will land you in the big house. Whoever this Smith fella is I don’t know, but apparently he’s put his a%s on the line to force the hand of the feds.
@dedo
The certificate appears to be valid…
what the copy on the webpage doesn’t show very well is the embossed stamp in the lower right of the page…
(which the video shows clearly)
If it isn’t a ploy by Kenyan officials to screw Obama, then this is SERIOUS BUSINESS in that it will either mean the end of his presidency (Here comes JOE BIDEN!!! hahahaha), or perhaps a NEW executive order allowing him to remain as il Capo
Or it will get tied up in the system for so long that the court’s decision won’t see the light of day UNTIL he is out of office…
A bold effort by Mr. Smith, but indeed, you are probably correct in being pessimistic over the whole situation…
Are you guys seriously wasting energy on this bogus “kenyan birth certifcate’ / Obama is not American story. It has about as much legitmacy as a Niger yellowcake proof of purchase handwritten by Dick Cheney.
@Niger yellowcake proof of purchase handwritten by Dick Cheney.
Link ?
Re: footprint,……..I could paint you quite a few scenario’s but I won’t insult anyone’s intelligence,…let’s just see how it pans out,..I’m sure the “Agenda” won’t miss a beat either way!,..
Credit card losses seen up, staying high http://link.reuters.com/had55d
@stacyherbert
So if it is why doesn’t he show is birthcertificate? Simple, not difficult to do yet not done.
Before we forget -obama is just a frontman so where he was born is not one of our biggest issues
Bankster Bailout Begins to Impoverish Australian Households http://ur1.ca/bbza
This birth certificate issue reminds me of what the Bushies all wanted. They basically wanted the Viet Nam war to have not happened, to be forgotten and never mentioned. They hated to lose that war especially in light of fostering new ones.
They are laying the foundation, out of sheer racism; they can’t stand the thought of a Black man in the white house. They want it to never have happened. Oh the other big reason is simply indirection off the real issue of the US empire collapse basically caused by Bushies & Oilygarchs. No memory therefore no problem. Or as my 7 year old nephew would say ‘I don’t do it’.
Talking further about it only amplifies the non-truth.
I shut up now.
Wall Street Now Wants to Profit by Selling “Death Bonds” http://tinyurl.com/n25ld7
Surging equities markets last month were insufficient to offset the effects of falling gilt yields, sending the aggregate shortfall of UK pension schemes up towards £200bn.
According to the Pension Protection Fund’s 7800 Index, a monthly tracker of the total assets and liabilities of schemes where benefits are insured, the total deficit of schemes with shortfalls stood at £194.6bn at the end of August, up from £179bn a month earlier. The PPF said that 85 per cent of all UK schemes were in deficit.
During August, strong gains on world stock markets increased the value of total assets by 3.3 per cent. This included a surge in UK equities markets of 7.1 per cent. But yields on UK government gilts fell, raising liabilities by a larger 5.2 per cent.
From: Pension shortfalls approach £200bn http://bit.ly/DSMTu
@Yo, Max
After 9/11, London’s The Observer reported on September 23, 2001 that Ernest Welteke, the president of Germany’s central bank, the Bundesbank, said a study by the Bundesbank pointed strongly to “terrorism insider trading in the days leading up to this month’s carnage in the U.S.” Insurance companies’ stocks with significant exposure to damage claims fell sharply in the days before the attack. Further there were an unusually large number of put options traded on United Airlines and AMR shortly before the event, among other transactions.
From: Wall Street Now Wants to Profit by Selling “Death Bonds” http://tinyurl.com/n25ld7
Consumer Credit Plummets by Record $21.6 Billion http://bit.ly/2a2DtD
FACTBOX: Biotech companies benefiting from flu outbreak http://link.reuters.com/tag55d
http://www.businessinsider.com/new-dollar-challenge-china-selling-yuan-bonds-for-the-first-time-2009-9
Not exactly dumping the dollar but perhaps a start
Obama born in Kenya? How dare you!?!?
@Sharon:
Yes, it doesn’t preclude him; but why does he get an audience with the Emperor and the victims families are ignored? That is what I meant about this stinking. He is AN ACTOR. He has no more right to be heard at Obama’s throneroom than the rest of us. Obama has used the media disgracefully: this is the icing. And why do we all say, OH HE took notice?
IT IS animal farm: with some animals having more rights than others.
The man is a sleeze whatever his political views.
For some reason my post did not go through, so here it is again:
To Stacy-
Bogus, eh? I’ve always admired the depth and preciseness of your research on various economic topics and scandals. It saddens me to read such rubbish from you when logic begs that you should not be this shallow.
But alas; recently Max has commented/ranted on the enormity of Obama’s role in aiding and abetting the various financial entities systematically destroying the US economy as we know it while enslaving their people in the process. Yet you equate his questioned legitimacy of holding the highest office of the US as wasting energy and time?
Your perceived loyalty to Obama is very troubling, especially in the context of “discovering” the truth about markets and the treachery involved.
The educated differ from the uneducated as much as the living from the dead.
-Aristotle
The cult of celebrity has astonishing power in this country. I hate to offend anyone, but Jones uses this playing card recklessly.
I can see why Stacy has a hard time believing in grass roots protests. Shall we all just say grace and let the Big Players dictate who is in the spotlight? Can we believe that the interview was allowed by Obama as anything other that a setup by the elite for elite purposes?
Why the blind trust in Alex Jones?
@frances
There was no interview. Look for the disclaimer at the end.
@Peter…..you are utilizing past education without present information. Your entire article is off base as to what is happening.
For more than a decade every aspect of the financial system has been systematically acquired to deliberately induce global financial collapse by the conglomerate controlling the money supply.
All the information you provide in your article is useless and irrellevant.
There was no interview. Look for the disclaimer at the end.
@Whitehunter:
So this was a publicity stunt? What’s going on? Clue me in…I thought Alex was going to introduce the Monroe Doctrine for protestors or somesuch.
@frances snoot
It seems to be the first shot in a campaign to ignite a renewed 911 truth movement.
@Dan … sorry late reply……. Actually in Hua Hin but do gold in Silom…… I have done jewelry as well and am good friends with the owner of Lab Trade. Where do you buy your investment gold and what kind is it?
Also….. the only number that means anything with the gold price is the price that my supplier here is unable to get delivery. It has happened on several occassions and the important thing to note is that it never goes below that price once it occurs……IT IS THE TRUE MARKET VALUE OF GOLD. They do not want to supress gold lower than the “break the comex” price !
By the way …. as you know…. gold is used for industry here….this makes my comments profound…..also, the company has been in business for 40 years and has never had their supplier unwilling to deliver ….ever…..until 11 months ago when gold went to the 710ish level. (It included no delivery for silver also) !!! The price of non delivery by her company is the most important information pertaining to the price of gold compared to ANY information about gold investment from ANYONE from ANY SOURCE. more later
Journalism is no longer about in-depth investigative coverage to inform the public on issues or to deter abuse of power from top officials. John Nichols stated in this video http://tinyurl.com/lgg99w that journalism is dead. Now it’s more about selling infotainment packaged as news. That’s why celebrities are so important in media. They help to sell the product. It’s the people in the background, the gatekeepers, producers, and directors, that are controlling what the audience sees and hears. My guess is they tend to send stories to the teleprompter that asserts and supports the views of the entities funding the news organization. With todays technology I believe it’s more about citizen journalism.
wow im being moderated again
@ Mike
Im just outside silom…I get my gold sent to me by clients. For myself I buy at gold shops that we make electroformed statues for in china town….the last time I bought was at 750. My clients are mostly Middle east and we do on average of 80 kilos a week every week….gold is utility for them so the the price has no bearing on orders….well not yet anyway.We only do 9999 in statues and 18k,21k for jewelry I get my gold salt from greatest….does lab trade make gold salt? Have some way to exchange contact info???
why are all my posts over 10 words need to be moderated?
@dan
I buy at Assay which I am sure you know of. You can get 9999 certificated bars there. I have traded many times with no problems between cash and gold (no bank transfers, although no problem that way) They sell silver pellets and will melt into certificated bars as well. They use spot which is displayed via large LCD screen in lobby.
Lab Trade is a Gem Lab and does no sales in gold salt etc.
Your biz sounds good. Are you from India?
Mike no im originally from the states Ive been here for 12yrs now…do you have a business email???if you dont want to post it here then join this site and find me on the …You can visit our Max Keiser Dot Com forum board here at Ning….and send it by way of message. Are you from india?