Debt ceilings and oil rallies

Stacy Summary: Hopefully Mike/Liverpool’s thing of beauty will happen soon so we can move past that . . . !  And please please let’s talk about some financial news headlines and lay off the lizard people stuff for just one night.  Unless you are being paid to post such comments, of course; don’t want to put you out of a job in these tough times.

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175 Responses to Debt ceilings and oil rallies

  1. Richard@lattitude30N

    @Sharon: Oh yes a mangle…owned one and used one in 1979/80 on Molokai…somehow my parents found one for us…I was married at the time, living in a jungle coffee shack half mile up Wailua Valley….we had a propane gas hot water heater too that we washed all the tie dyed diapers,dishes and tub too…water was gravity fed from the river upstream….oh the good ol’ days…yes Sharon life was a lot simpler once upon a time…glad you are focused on yoga DVDs…..currently listening to Max discuss the Chinese put….I feel I’ve been massaged into finally coming to terms that the fiat currency is on the wane( g-d bless G. Edwin Griffin and his expose on the FED)…and Max is perfectly spot on….it’s the speculators v. the savers….so I am preparing and investing in silver Lakota rounds…& readying to move to the 2 wooded acres up country…

  2. @Richard…………re: 09/09/09.

    Talking about the internet there have been lots of postings in anticipation of this day. People assume that because the last biggest attack took place on 9/11 (emergency number for the US) the next biggest attack in the UK will be on 9/9/09 (999 is the emergency number for the UK). I’m not worried, too many premonitions never come true.

  3. @Richard……..thank you for your words of wisdom, though you failed on the definition of a mangle, tis not a wash board, it is a device with 2 big rollers next to each other through which an article of clothing is placed and then a handle is turned so that the rollers turn round pulling the article of clothing through and squeezing out the excess liquid (I remember using my grandmothers as a child – she had a twin tub washer/spinner so didn’t need it anymore but it sat in the garden where I played with it as a child). Anyway, you are difinitely right about the information overload and my brother has already given me some dvd’s in order that I take up yoga – I will do. Btw, sorry for assuming you didn’t like the word “kids” – I must have misinterpreted one of your previous posts (I’m good at that).

    @Dedo……….I didn’t expect anything less from you quite frankly.

  4. @Dedo – I really wish you hadn’t mentioned pink elephants . . . now everyone knows.

    @buddhabob – Max lived in Harlem for a few years in the late seventies/early eighties, well before Bill moved in; so once a Harlemite, always a Harlemite and so he sees Superfly everywhere. But I will tell him that you had mentioned Superfly! Let’s see what he says about that in this weekend’s Truth About Markets.

  5. Richard@lattitude30N

    @Dedo: not originally mine check out her PMF web name:Sherbert

  6. Sherbert,……..good nick name Richard,…..

  7. Richard@lattitude30N

    Everyone: Just a short esoteric reminder today is 09/09/09….may the omens be kind

  8. Richard@lattitude30N

    @Sherbert: wishing you every success w/ PMF fund raising and the eventual taping and screening of OTR

  9. @Tofu Charlie – great link re: the Blackwater lizards gentrifying the hood in Afpak (as it’s now known since the yuppies moved in)

  10. Richard@lattitude30N

    @Sharon and Dedo” Mangles…is that a washboard??? been there done that

  11. Richard@lattitude30N

    @Sharon: “…good morning Morgantown…”…there that should satisfy both you and Phil( the Joni Mitchell admirer)…once again you are experiencing too much electronic media overload….back away from the telly……If you like I’ll send you either an adults or kids version of my daughter’s Yoga DVDs…breath….the folks behind the curtain are still there….the positive MSM statements of economic prosperity will continue…remember my bud Dano once asked me as we drove along the only road on Molokai in 1979: “do you think the government will let us know if a depression begins?” Well sweetie the greatest depression ( see Gerald Celente) is well under way…hold on to your knickers and your gardening spade…

  12. @sharon,………..Mangles,…I thought they were sweets!!

  13. Richard@lattitude30N

    Good day Max: It appears that the G-2, G-8 and G-20 nations are stalling the fiat currency collapse by supporting yet another fiat currency: the SDR….as you so eloquently pointed this out so many moons ago…I wonder if the fiscal government debt to GDP ratio can be tolerated for each country as it nears 200% as is the case with Japan…with the Chinese imminent offering of sovereign bonds denominated in their own currency in the near future to foreigners, can the demise of the SDR be already in the mix? Even as the Chinese purchase $50 billion in IMF bonds…???? I have just purchased 100 silver ounces..wish my puny economic status could afford 100 gold ones instead….I am content…So Max will the bond rating agencies be coerced into permitting countries to approach and surpass the 200% ration I mentioned without readjusting the AAA rating?????

  14. Just been listening to the radio news and apparantly we’re out of recession (again) and our employment is beginning to go up. Oh goody!
    Also heard a snippet of an interview with Greenspan in which he stated that the problem is human nature, that no matter the type of recession (deep or whatever) it is always human nature that is to blame and that if we don’t change human nature we will continue to see recessions. So all this is our fault – nothing at all to do with oligarchs or weapons of financial destruction, no, no, no. WE are very naughty children.
    Also, here in the UK we have to severely cut back on our greenhouse gases (90% by 2050) in order to enable people to continue flying…Oh, but the gov still wants to expand Heathrow Airport (bloody hypocrites) and who’s to bet that there’ll still be a class of people flying here, there and everywhere and driving big posh cars whilst the rest of us go back to the middle ages -we’ll be using buckets and mangles soon (for the men out there that’s what they used to use to do the laundry).
    Don’t see why we can’t all have solar panels….Oh, silly me – they can’t charge for the sun can they? Oh well that’ll never get a look in then.
    Nice bit of bullshit to start the day off.

  15. i come in about :39 of this vid on RT

  16. @Frances,……It’s being brought to the publics attention, that everything is being centralized. That’s for sure!

  17. Follow-up on story about well-heeled Pakistan residents upset with Blackwater mercenaries moving into their neighbourhood… it seems they had local security forces raid the house, arrest the alleged Blackwater ringleader and deport him for consorting with the Taliban. Then the US state dept has him returned a few weeks later! “Lizard People!”

    http://ringobot.wordpress.com/2009/09/09/pakistani-tv-also-sick-of-suspicious-foreigners/

  18. Dear Esteemed Chairman and Savior of the World Economy:

    On behalf of your many Chinese friends and all of the Chinese people, we wish to congratulate you on your recent reappointment as Chairman of the American Federal Reserve. We could not be more pleased to know that the man who saved the value of our Fannie Mae mortgage-backed securities last year will be the Great Monetary Helmsman for another four years.

    We also note with satisfaction, and admiration, your many recent assurances, via the Wall Street Journal and various eloquent speeches, that you and the Fed have no intention of permitting a revival of dollar inflation. This is a source of great reassurance to the Chinese people, not to mention the bureaucracy in Beijing that made the decision to invest $1 trillion or more in dollar-denominated securities.

    As you can imagine, this has become a source of some political controversy inside the government of the People’s Republic, as we have also noted it has become in the irresponsible American financial press. Fortunately, we don’t have the latter problem. But please know that we share your disdain for any voices in the unpatriotic media who would question your resolve to maintain the value of the world’s reserve currency.

    At the same time, and with the deepest respect, we also note with concern your decision this year to purchase U.S. Treasurys, which directly monetizes the debt built up by irresponsible democratic politicians. (This is one reason we Chinese are so skeptical of democracy; it always leads to a welfare state!) We must admit that that Treasury decision caught us by surprise, considering the many lectures over the years from our American friends about the importance of an independent central bank. Then again, the last year has seen America do many things that we once thought a capitalist economy would never do, wouldn’t you agree?

    With this in mind, we have decided to hedge our dollar bets and buy gold, oil and other commodities which will rise in value if the dollar falls. You may have therefore noticed that oil has risen above $71 a barrel, despite slack global demand, and in particular that gold has climbed this week above $1,000 an ounce.

    Perhaps you have seen reports that we Chinese are doubling our reserves of gold and buying other related metals. Please do not be alarmed. This is the normal process of diversification that any trillion-dollar creditor would take, just in case the Federal Reserve’s definition of an “extended period” for monetary easing turns out to be even more extended than we already assume it will be. We will only be too happy to cease this flight from dollar assets when we observe your determination to tighten money; surely this must be why President Obama selected you over the distinguished White House economic adviser, Lawrence Summers.

    Once again, on behalf of all of the Chinese people, our heartiest congratulations.

    Sincerely,

    Ministry of Finance

    Beijing

  19. The original Jones release of the farcicial story:
    http://www.abovetopsecret.com/alex-jones-charlie-sheen-hoax.html

  20. heck, raise it to 20 trillion save some time. Slow death picks up speed

  21. bankers, lawyers, celebrities. and not necessarily in that order.

  22. @Youri:
    If I were one of the family members with a lost relative in 911 I would be sincerely angry about the Jones’ stunt.

    As an American, I am merely disgusted.

    I had no faith in Jones prior to lose any post.

  23. letting Sheen do all the dirty work

    Letting? Sheen was vetting himself to a pretty petty sheen. Polish up the old vessel, eh? Laugh about it when it’s all over over a pint.

  24. Celebrities have as much value as fiat currency and a simular tendency towards corruption.

  25. @Youri:
    we need them

    Who Is We?

    From the inception of Jone’s latest lunatic stunt, I asked this question.

    Grassroots protesting would be the singular American deciding to think with self-reliance upon the many-faceted news sources available. If there be Truth then the least among us may find it first.

    It seems Jones has discredited his version of truth, or at the very least, called it into question.

    Didn’t I say the Sheen was a sleeze? Why would Alex pal around with the guy?

  26. Someone needs to start lizardpeople666.com.

  27. Like to see Angelina Jolie and Pitty Pitt coming out and Bruce, Kenau and there are other Celebs who know the truth too!

    I commend Sheen for hanging his ass on the line and would be dissapointed if these other Yuppie Celebs stay cowerdly in the dark. They should be ashamed of theirselves letting Sheen do all the dirty work.

  28. @frances snoot

    Discredit? Mmmm …think Sheen as a celebrity can pull some people over to look at 911 again cause some just won’t listen to donut folks like us.

    For me 911 allready belongs to “Classical History” like pointly stated by someone on this forum but there are still a lot of folks there who got to be informed and maybe it can work as a leverage to get people on the right track of truth again.

    Idon’t think we’ve got to nanny wanny much about it just move on and support good causes like Sheen comming out in full disclosure. The more celebs do the more donuts on our side, we need them.

  29. Oh Barrick how I love you so. I started working here when they were using the hedges (2001) and it seemed to work very well for them, they were selling gold at 380 dollars about 100 dollars over market price and making a great profit. I have no doubt that they will ride this out and probably make money on the deal. Their stock has been stable and everyone in the executive branch of the company seem to be doing very well. I wish I could say the same thing for all us little guys that do the work.

    Comment by tattoo8118 http://tinyurl.com/mrpfyd

  30. @ Stacy

    Hey what happen to the Kitco gold/silver/ dollar charts that were on the site for so long?

  31. @Youri:
    Aren’t you a little disappointed in the Alex Jone’s stunt? It will do much to discredit the 911 truth movement.

    When will Americans learn that journalists are paid to lie?

  32. Get Ready for Double Dip in U.K. Property Prices http://tinyurl.com/m6qjxu

  33. @frances snoot

    As we say in my country: “You can’t pull a dead Horse.”

    Dead Horse being the Dutch Journalists.

  34. Sorry, I meant “Foreign Lizard People are drilling a hole to the temperate center of the earth” in Peshawar.

  35. China Caucus Welcomes ‘Panda Slayers’ and Boosters in Congress http://tinyurl.com/m5cjol

  36. Where’s all the money going,…I,..MMMM FFFffffk

    Dedo:
    Do you think the world is cashing in their dollars and buying new chips for poker?

  37. @Stacy:
    Is there money in posting about lizard people? Could we securitize the scheme?

  38. Consumers deleveraging at the fastest pace since World War II. http://twitpic.com/h0xky By Choice or by Force…the result is the same.

  39. I did send Charlie Sheens letter around even to my local newspapers but since journalism is death in this country I doubt they do somtin with it. Nevertheless I did my duty as gooddoer.

    Well, Praise the Lord! Alex Jones done gonna lead his people to the promised land! He gonna bring back truth and justice for all of us’n poor folk…

    (Where did I hear this promise before???)

  40. @Youri Carma
    “….seems a momentum now with all the chicanery going on that it will get exposed… ”

    I think ‘chicanery’s momentum’ still has lots of steam.

  41. Richard@lattitude30N

    well done Youri Carma…..”did my part…” Frankly, Mr. Sheen laid out the entire conspiracy format that former Gov.Jesse “the bod” Ventura planned to make an honest living with exposing in LA on his radio program…I guess he’ll have to finally retire to the Baja after all..HA!!

  42. I did send Charlie Sheens letter around even to my local newspapers but since journalism is death in this country I doubt they do somtin with it. Nevertheless I did my duty as gooddoer.

  43. Barrick Gold (ABX.TO) will issue $3 billion in stock to eliminate all of its fixed-price gold hedges and a portion of its floating hedges, taking a $5.6 billion hit to third-quarter earnings, the world’s top gold miner said on Tuesday.

    For Barrick, which expects gold prices to keep rising, the deal should remove what has been a big drag on its shares, the legacy of the company’s past reliance on hedging, a practice it abandoned in 2003.

    From: Barrick to sell $3 billion in stock to buy back hedges http://tinyurl.com/kqaj8k

  44. THESE are the good ole days… enjoy them! To keep from being BLINDSIDED by WHAT is COMING go here FREQUENTLY>>> http://www.infowars.com

  45. Richard@lattitude30N

    so Sharon is it past your bedtime @GMT????????????

  46. Richard@lattitude30N

    @Phil: yessir…being British by birth, a Southerner by choice…I have fondness for Sovereigns…yet @ $288.00 retail with Midas Resources+ S&H and insurance…well that’s a bit dear….so getting silver rounds @ $5.00 above spot is more in my ballpark…I realize creativity is the wealth we all strive to attain…I once had a notion that my little family was in the vanguard of conscious thinking in the good ol’ USA….pure ego no doubt….

  47. Debt Be Not Proud: The Sorry Tale of America’s Out-of-control Spending http://tinyurl.com/nt6zyq

  48. Richard@lattitude30N

    @Fieldyza: well yes…earlier I asked if an
    yone had an opinion about Mr. sheen’s 20 minutes…so what’s your take besides giving directions???

  49. Everybody, you need to get on board with Charlie Sheen if you believe 9/11 was an inside job.

    Send this to everyone you know!

    http://www.truthnews.co.za/index.php/2009/09/09/charlie-sheens-letter-to-obama/

  50. Study Says World’s Stocks Controlled by Select Few http://tinyurl.com/nv9ufv

  51. Agree with the guy with the big caps that gold is manipulated but we all know that so watch them pushing gold down nxt week or so back to $950.

  52. Question a doctor and lose your child http://tinyurl.com/lkyubk

  53. Trapped girls updated Facebook instead of calling police http://tinyurl.com/nolfaa

  54. @Mike2L … nice link .

    … “Pundits will say that Gold is a lousy investment and they’re right. The problem with their thinking is that Gold is not an investment; it is sound money and should be regarded as such, not with contempt as is routinely the case in the mainstream press corps. So as we begin another September, a time of year that seems to bring out the worst in our financial and banking system, I will say it again – Gold continues to be the opportunity of a lifetime.”…

  55. McDonald’s loses trademark fight against McCurry http://bit.ly/Pp96p

  56. @Gold …. Anglogold Ashanti / Johannesberg

    http://www.youtube.com/watch?v=_z4ZYtsCq6E&feature=sub

    Bullish !
    CEO downgrades Fiat currencies !

  57. Richard@lattitude30N

    @Phil: cyberspace will do that you sometimes…BTW anyone have any thoughts about Charley Sheen’s 20 minutes????I always thought Warhol gave it 15….
    Also, the slow burn is a wonderful thing if you have a clear perception of which direction to bad stuff is coming from..and the good stuff too. Remember guys/gals fortunes were made in the wake of the great depression…who’s the guy who recently shorted the derivatives and is now a billionaire??? Clearly gold is headed to levels we may have never scene in our lifetimes…I personally will stay out of the market as major players are involved…But silver seems like a play for me…Also Max is an former astute WS joker himself…what possible moves are you taking Max????????????????

  58. Buffett Navigates a Crisis While Tending His Legend – NYTimes.com http://ow.ly/15Oey1

  59. Geeeeeeeeezzz,…..just passed out,….what were you two on about!

  60. @Richard@lattitude30N

    Uh Oh … Sharon as well !
    ;-(

  61. Richard@lattitude30N

    @Phil: so I see

  62. @Richard@lattitude30N …. Dedo’s gone very quiet all of a sudden !
    ;-)

  63. Richard@lattitude30N

    @Dedo: Ditto to Phil’s comment: “some sort of proposal then??????

  64. @Investor Village

    Seems someone just posted my earlier thoughts here :

    … ”
    Re: When a Billion People Buy Bullion
    i think there is much truth in this speculation- china just might blow a gold bubble. and chinese buyers aren’t a group fiat banksters have any control over. you can bet, with the chinese gov’t advocating this policy, that they didn’t decide this yesterday- they tend to strategise far in advance, and as recent events have occured predictably enough, they are ready. i find it amazing that the central authorities in communist china are advocating sound money investment, social stability and security for baby communists, whereas authorities here are actively discouraging it and in fact subsidizing cheap gold.

    let’s just assume that the chinese do eventually buy a large amount of gold.

    furthermore, let’s assume that central banks have been managing the pog as they manage all other currencies (something that they have frequently discussed openly).

    if gold prices are artificially low, and if the chinese purchase a yellow mountain under said artificially low prices, then we’ve just given away our gold such that it would likely be the largest transfer of wealth the world has ever seen.

    and what would we have to show for it?

    i think there’s always- throuought history- been an ‘economic warfare’ aspect to gold due to its importance as a strategic asset. if the chinese get the bulk of western gold due to irresponsible fiscal policy, that would completely change the dynamic of the 21st century and beyond. it would likely hasten the fall of the west and the rise of the east.
    “…

    Read on here:
    http://www.investorvillage.com/iv2/smbd.asp?mb=144&mn=29932&pt=msg&mid=7875353

  65. Consumer Credit Decline in July Set Record http://url4.eu/Og5t

  66. @Dedo ..was that a sort of “proposal” then ?
    ;-)

  67. Richard@lattitude30N

    @Sharon: I’m right here…w/ all the 60′s/70′s info you desire….do you mean me?? as per “kids”????? I don’t mind at all. My fair lasses are young adult professionals at this stage…I much preferred them as “kids”….each one was breast fed…and oh no, not by me thank you!!!I was just the mid-wifeHA!! Also you’re just experiencing too much electronic ( internet) news overload…My ex’s grandmother, a descendant of the Black Hills pioneer era had once told me that the news is too broad based..in the old days one might hear about a shooting a few miles away but as the telegraph and telephone developed too much was broadcast…thus information overload…”…You are just a million light years from home…”( the Rolling Stones)….I was a back to the lander…remember…one important ingrediant for you to consider is a good man…enuf said

  68. @Dedo … ” so Dedo can look after them ”

    LOL .. saw it too !
    ;-)

  69. @Danny … “Did you get to the section about insider trading in Rubicon yet?”

    Not yet .. I am reading it nights before sleeping.
    OTOH, I’ve read so much material on Insider Trading that I’m sure I won’t be surprised !

    Which companies does he refer to ?

  70. @Phil,..Sharon left some out,….I just edited it for her,..silly woman,….tut tut

  71. @Dedo……LOL!

  72. Nearly 90% of all new home loans are funded or guaranteed by taxpayers http://bit.ly/19A98U This has far-reaching consequences

  73. @Phil………..can’t do it yet, apparantly I’d never be forgiven – the kids would hold it against me for the rest of their lives, apparantly. (Don’t they get mouthy when they’re teenagers – think they have rights or something).

  74. @Phil

    Did you get to the section about insider trading in Rubicon yet?

  75. @Phil………..sounds wonderful! My option is to own some land (poss. France) and have some horses ,pigs so Dedo can look after them and squad bikes for the kids, grow my own veg and have lots of chickens running around that I probably won’t be able to kill. I saw the perfect place about 2 years ago, it even had it’s own lake (could have had a boat). I should have gone for it because the kids would have been OKish at that age (probably not now so will have to wait). If Richard is reading – sorry about the use of the word “kids”, I know you don’t like it but get over it, that’s how we speak here.

  76. @phil
    The only “negative” thing ( typical conspiracy thinking ) is that people say Barrick is the right-hand of the NY Banksters in terms of helping to manipulate the gold market !

    That is why this blows my mind…either they have been given assurances to be part of a massive head-fake, or this move basically says screw-it, lets go!

    I think it means let’s go…higher that is.

    BTW one still cannot buy Gold Eagles from the US Mint and most Americans find it next to impossible to obtain any Gold or Silver products without using an internet source. Is this all just a coincidence?

  77. @sharon .. France

    Why don’t you send Nick a YT-mail .
    He’s done that and talked today a little about it .

    http://www.youtube.com/watch?v=cQIaVlP-Bk4

  78. @Phil………..sounds wonderful! My option is to own some land (poss. France) and have some horses and quad bikes for the kids, grow my own veg and have lots of chickens running around that I probably won’t be able to kill. I saw the perfect place about 2 years ago, it even had it’s own lake (could have had a boat). I should have gone for it because the kids would have been OKish at that age (probably not now so will have to wait). If Richard is reading – sorry about the use of the word “kids”, I know you don’t like it but get over it, that’s how we speak here.

  79. @to all the supplysiders

    The item which is totally oversupplied are US Dollars. That is the fundamental issue now. Oil moves based on the dollar.

    For me the only question remaining is when and how much the Dollar haricut will be. I would say minimum 25% lower, could be 90%. Max window on this is 2 years, likely much sooner.

  80. @Dedo … ” …..ear plugs,…missus ?”

    No .. the diesel engine of course !
    My missus wouldn’t dare interrupt me while “working” on the computer !
    ;-)

  81. Just saw one of your clips re: the Whole Foods Boycott. It would be great to see them go out of business. But a boycott that could really be effective won’t work.

    One big reason: the “progressive” movement is too divided. Ideas, egos and all the rest of it. Look at single payer. If millions of people aren’t lying in surveys and really want this, how come all of them don’t band together and literally shut down govt?:

    I have to work for a living.
    Unless you’re Jesse Jackson, activism doesn’t pay the bills.
    Who’s going to pick up my kids after school?
    And the list keeps going

    A lot of the progressive talk show hosts hate each other’s guts (exs.: Ed Schultz , Mike Malloy and Randi Rhodes). Could someone start a new progressive network to replace AIr America? Not a chance. These people would kill each other before it ever got off the ground.

    Why won’t people act? Fear and submission. My life sucks in many areas. But at least I’m not homeless. So I’ll just keep my mouth shut and continue. They’re paying huge premiums for “health coverage.” Iraq and Afghanistan continue making the contractors rich. You know all of this stuff.

    Tony Benn made a great point about this. How do you keep a population under control? Keep them poor and misinformed. The last time I checked, Obama could still declare martial law if millions did riot in the streets. Naturally, this would like REALLY mess up his I’m-the-coolest-President-ever image.

    If he did, all power would be in the White House. Fight the urge to give into the Alex Jones-neocon-end-of-the-world garbage. And think for a second. If these millions of people can’t be bothered to act now, what would they do THEN? Your favorite progressive host (fill in the blank) can’t help you now.

    Anyway, time to to go back to work. So I don’t end up homeless again (twice is more than enough).

  82. @Stephen … ” The information from Barrack Mining is mind boggling. ”

    I agree !

    #1 they are the biggest
    #2 they’ve been buying up all the Gold juniors
    #3 Barrick’s ( very old ) boss came out a few months ago on Youtube and said this ( Gold to the moon ) was going to happen

    The only “negative” thing ( typical conspiracy thinking ) is that people say Barrick is the right-hand of the NY Banksters in terms of helping to manipulate the gold market !

  83. @Phil,……..ear plugs,…missus ?

  84. @sharon … ” I’m looking forward to leaving the system and becoming self sufficient, seems like that’s all we can do. ”

    Just watched a nice German TV documentary tonight on the UK and about people that did exactly that … they live on those lovely old barges – Grand Union Canal etc.

    They showed how life was – very slow and relaxed.
    All the people they interviewed “wanted out” of the rat race.
    They pay zero taxes and require very little money.
    They pay no harbour dues and many of them were previously artists, school teachers, policemen etc.

    They travel up ad down England and on reaching London, stop and turn around.

    Obviously difficult if you have kids .. but it would appeal to me , as long as I had my own electricity generator and some ear-plugs !
    ;-)

  85. Here’s how one guy expressed how the system works (one of Bushes aides, to a reporter)

    ”That’s not the way the world really works anymore,” he continued. ”We’re an empire now, and when we act, we create our own reality. And while you’re studying that reality — judiciously, as you will — we’ll act again, creating other new realities, which you can study too, and that’s how things will sort out. We’re history’s actors . . . and you, all of you, will be left to just study what we do.”

  86. The information from Barrack Mining is mind boggling.

    They are betting the farm on much higher Gold prices and revealing a major player who many accuse of being in the “keep gold down” cartel, namely JP Morgan, as their broker on the deal.

    The saying “taking candy from a baby” comes to mind.

  87. @Dedo………………If you had nothing to worry about,…would that worry you? ; )

    Probably!

    But then after a time I would hope that I’d figure out I really didn’t have anything to worry about and then…..

  88. @Phil

    Yep, I do that to, watching the ol flicks.

    - Seinfeld
    - NewsRadio http://www.imdb.com/title/tt0112095/
    - Fawlty Towers – EPIC!
    - Poirot (BBC TV Series)
    - Sherlock Holmes (BBC TV Series)

    Only new flick I watched was Terminator: The Sarah Conner Chronicles

  89. @Phil & Fibon……….thanks for trying to cheer me up (off day today). It’s like I said to Dedo the other day – there seems to be 3 stages to this truth malarky (if indeed it is the truth):-
    1st is the wtf stage, 2nd is the anger stage and 3rd is the acceptance stage. I think I’m halfway between anger and acceptance but still sick of all the lies. I don’t like all these laws and rules that apply to only one section of society. And I’m sick of adults being treated like children and not doing anything about it. I’m looking forward to leaving the system and becoming self sufficient, seems like that’s all we can do. Anyway, must think happy, positive thoughts, must think, happy positive thoughts, must think……

  90. @Fibon11235 — building your own ?

    Nice, if you can !
    Here in Germany you’d need “planning permission” !
    ;-)

    Actually, the 25KW wood burner is really fantastic.
    It is in the cellar beside the oil burner.
    We now not only have turbo central heating, but floor heating as well, as the heat radiating from the wood burner is tremendous.

    It takes about 2 hours to heat the 1000 Litre water-buffer to ca. 90°C+ .; the oil heater is only on in summer as a reserve for hot water.

  91. @ Sharon
    You made me laugh … I am going to put it on for 10 min.. then bed …see ya

  92. @Phil nothing will catch on…
    lol I would build my own,,, just cos i can and its fun… I can see what you mean if you purchase off the shelf

  93. @Sharon .. ” the TV offering here is crap ”

    In the UK I presume !

    Yes, I can only confirm that 100%.
    In fact , it is shocking how really bad UK TV has become.

    There are ca. 40 free German channels … and OK, there’s a lot of rubbish, but quite a few good picks.

    I have gone over to buying old UK TV series like :

    Dad’s Army
    Fawlty Towers
    Steptoe & Son
    Yes Minister
    ‘Til Death us do part
    etc.
    etc.

  94. @Phil

    Good thinking
    I don’t think its correct to label gold as a commodity any more.
    Its a world hard no messing about currency pure and simple.

    I don’t think China will act alone, maybe with Russia maybe with others including the gold bugs. Everyone will be blamed for destroying what has been destroyed by the politicians doing the blaming.

    No one country would want to be the the one that pulls the trigger after all they will get some pain anyway.

  95. @Sharon,……If you had nothing to worry about,…would that worry you? ; )

  96. @Fibon11235 … Mother Earth must have gone to bed !

    The VW/Lichtblick article was his entree !

    The Germans are really moving on the energy front – despite , or maybe because of the energy monopolies here in Germany ( We pay twice the KW price of the UK ) .

    We already have a 25 KW “wood burner” coupled to the Oil heater. I was toying with the idea of having an independent electricity source as well.

    The only problem is that once these things catch on, they start getting too expensive for what they provide !

  97. @Phil

    Very hard to say but there seems a momentum now with all the chicanery going on that it will get exposed. Officially you mean I guess cause unofficially it allready has.

  98. @Fibon…………NO, it’s not you; the TV offering here is crap. Few exceptions: Have I got news for you, Mock the Week and perhaps a few others. As for the News – don’t get me started. If I listen, within 10 seconds all you can hear is:-
    “What utter bollocks!” or
    “Lying bastards!” or
    “No, coz you are the terrorists!” or
    “Thieving gits!” or
    “Bunch of idiots!” or
    “Tossers!”
    And obviously that’s me talking.
    It’s like Billy Connolly said: “If I listened to the radio in the morning it would be covered in muesli!”

  99. @ Phil

    There is loads of fun science and wacky stuff on renewable s and hydrogen etc

    I was thinking of making a 10kw wind turbine and sticking the excess into the grid or alternatively a heating element in a hot water tank. A great idea of gaining from the surplus.

    To answer your question in a round about way, it depends on the GAS most of out fuel is CH4 based and the more per cubic meter the more energy. LPG more CH4 than Natural Gas….

    @Sharon,
    The world will still go round, most people are good and they are not out to get you smile ;-)

  100. @Sharon .. for your peace of mind …

    … ” If every Chinese were to buy one ounce of pure silver and one ounce of pure gold per person? Well, they would gobble up two years worth of annual silver mine production and a staggering 17 years worth of gold production, and that’s without taking into account the fact that gold production has fallen around 9% since its peak in 2001. ” …

    … “From Dr. Zhou Xiaochuan, Governor of the People’s Bank of China, writing in The Alchemist (issue 36, 2004):

    Gold is a commodity that combines the attributes of a currency, financial commodity and general commodity. Despite the declining function of gold as currency in the world, the activeness and development of investment activities with gold as the target indicates that gold still has a strong financial nature and remains an indispensable investment tool. In major financial centers in the world, the gold market, together with the money market, securities market and FX market, constitutes the main part of the financial market.”…

    http://seekingalpha.com/article/160341-china-admits-gold-s-monetary-role-time-to-buy

    My take …

    It has occurred to me that if China cannot get repayed in anything other than “devaluing” Fiat-Dollars, it will take it’s money with a vengeance by pumping up (their) Gold causing certain “short” WS Investment Banks such pain , that they wished they’d never thought of manipulating the Gold price.
    ;-)

  101. @sharon .. OK , I’m with you now.

    60s/70s ..

    A great (old) friend I had in Ireland at the Uni was a hyper intelligent guy called Foncie .

    He said : “The more you know , the more you worry” !

    In the 60s/70s .. there was no Internet !
    ;-)

  102. Mike/Liverpool

    Fear not
    Lydon is here:-
    http://www.larouchepac.com/lpactv?nid=11339
    Mike

  103. @gold

    Thank you Phil. It comes as no surprise, when hedge books presumably written down in previous quarters were tied to derivatives using “gold equivalent ounces” to back them.

    Surprise Surprise

  104. @Sharon

    Iis a guess but i think that someone’s nick name I picked it up when looking at Max’s Pirate Film venture? Maybe wrong..

    I cant watch the TV these days its so odd. Is it me or has it changed im in the UK…the news is well just yuk and does not educate at all. Just an opinion.

    @ Phil

    on that subject your discussing the law of physics got in the way for me. That is a steel structures resists greater than a vacuum in air and all that. I have always enjoy the mental process of science and maths. But you are still in the minority if you attempt to think for yourself, what’s shocking is how few sustain it.

  105. @sharon ?

  106. Does anyone else remember the care free days of the 60′ and 70′s? Rose-tinted glasses maybe but life just seemed so much better, everything made more sense and people trusted themselves and others alot more than they do today. I want a time machine!

  107. Are we expected to carry on as ‘normal’ while all this shit is going on?

  108. @Gold

    Barrick Announces Plan to Eliminate Gold Hedges
    Launches $3 Billion Public Equity Offering

    http://www.globeinvestor.com/servlet/story/CCNM.20090908.552805_1/GIStory/

    … “Barrick has made this strategic decision to gain full leverage to the gold price on all future production due to:

    - an increasingly positive outlook on the gold price. The Company expects global monetary and fiscal reflation will be necessary for years to come, resulting in an increased risk of higher inflation and a future negative impact on the value of global currencies; and

    - continuing robust gold supply/demand fundamentals.”…

  109. …”cubic meter” of course !

  110. @Fibon11235 .. Thanks.

    BTW, VW said they already have the “motor” technology .

    Any idea how many KWatts / Cubic Litre of gas ?

  111. @Fibon………….I’m lost on the Sherbet Punch idea (but then I often miss the nuance) – does it do anything?

    On safe places to put money…….It’s not so much trusting a dark suit or taking responsibility as not knowing wtf is going to happen from one day to the next with this bloody manufactured economic crisis. EG, I’ve got gold but wouln’t sink the proceeds of my house into it. Other stocks or commodities may seem safe today but who knows tomorrow. At least with a house you can live in it til they come at you with unreasonable property taxes that is. Can’t keep it under the mattress – too risky and what form would it take? If gold then as above, if cash then not worth anything and denominated currency could crash. Have I missed anything?

  112. @Youri … do you think the 911 “truth” will get archived like the JFK event ?

    ….. or do you think there is a chance of it being exposed ?

    PS: Stacy …
    … not off topic; has very MUCH to do with Banksters and Fascism !

  113. @Yo, Max & Stacy – All THE EVIDENCE 9/11

    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

  114. @Fibon11235 … “I think most of these financial subjects can be looked at simply and still be correct.”

    Maths is SIMPLE !
    .. but NOT in the hands of Politicians !

    i.e. : Politics 101 … “How to lie using Statistics “

  115. @Sharon
    you need one of these:
    SHERBET PUNCH

    3/4 container of orange or pineapple sherbet
    1 can frozen orange juice
    1 lg. can fruit punch
    2 liter 7Up, may not need all

    Pour into punch bowl orange juice, fruit punch and 7Up (taste to make sure have enough 7Up). Spoon in desired amount of sherbet.

    ———————————————————————————
    Sharon its not true there are safe places to put your money but you need to be in control not some faceless suit. Welcome to the new world order of personal responsibility. ;-) I think this is what is on the way….trust your self…

  116. Volkswagen To Introduce Home Power Plants

    @Photoception … ” But its even worse with Natural Gas, there is literally no more storage capacity. ”

    German News tonight …

    VW and “Lichtblick” are demonstarting their new partnership on Thursday …

    *** Gas Home-Electricity Generators ***

    ….. to compete with the centralized fossil-fuel Electricity Works.

    I’m sure Putin & ex-Chancellor Schroeder (GazProm) will be overjoyed !

    Volkswagen To Introduce Home Power Plants

    http://www.energy-business-review.com/news/volkswagen_to_introduce_home_power_plants_090906

  117. yeah watch out for the seals….

    poor dick!
    Exclusive: Fuld says being “dumped on” for Lehman failure
    http://tinyurl.com/lj55qr

    “You don’t have a gun; that’s good.”
    That was how Richard Fuld greeted a Reuters reporter who had tracked him down to his country house.

  118. @Danny, tell me about it, I’ve given up even trying (not quite) but I was running the risk of becoming a right boring crank (although that maybe too late). People are holding on to their illusions for dear life. Not wishing to overdo it on the Freud thing but I love this quite “From the very beginning, when life takes us under its strict discipline, a resistance stirs within us against the relentlessness and monotony of the laws of thought and against the demands of reality-testing. Reason becomes the enemy.”

  119. @Phil
    I was only teasing ;-)

    Have you seen the “Another” Blog, its a file full but quite interesting. Talks alot about OIL and GOLD and the secret dealings a real conspiracy or revelation.

    I hear what others say about inflation but my instinct makes me think that the Austrian Economists Inflationist such as Peter-Shhhhhift ( must not speak his name) are most likely right. FOFOA is very dramatic and immediate with his timing. He thinks things are caving in now.

    I am no expert but the way i visualise deflation and stagflation is like watching only a part of a hot air balloon that is rapidly inflating. Its too big to see the whole so people give labels to price fluctuation in the opposite direction, like the bit of the baloon that temporally deflates whilst the whole is inflating. Both parties are correct, but I think inflation is what is important. Its the product of all the scamming and stealing.

    I think most of these financial subjects can be looked at simply and still be correct.

  120. @Stacy…………btw on the off chance you were joking I apologise for my response.

  121. Looking at the trade today in currencies, oil, copper and gold.

    You have to remember that derivatives are not just an agreement between party/counterparty composed of a Credit Derivative Obligation and a Credit Default Swap.

    They are composed of a network of agreements all designed with liquidity in mind. A derivatives junk bond network related to the gold trade may contain “gold equivalent ounces” being traded as gold.

    That means that as long as prices go up on Copper or Oil, or perhaps the Euro, or Yen, and interest rates remain controlled, then they can be swapped against bullion prices contained within “gold equivalent ounces.”

    Taking delivery of minted bullion and coins removes the essential gold from this trade, requiring heavier reliance on copper and to some extent oil. Yes, a black substance you could not hold in a bank as an asset and would destroy your favourite pair of shoes, is being traded as “gold equivalent ounces” via derivatives.

    A derivative is merely a catch-phrase for the sub-component of high frequency trading, but the entire market is hung in the balance on an array of junk bonds.

  122. have the lizards gone?
    is it safe to come out?

    thank christ for that.
    fuck the lizards we’ve real shit to seal with.

  123. RE: Gold: The Main Points

    – China is a confirmed large buyer of gold, along with Russia.

    – Germany has apparently asked for its sovereign gold stored in New York to be returned.

    – Hong Kong is repatriating its sovereign gold from London and will be the repository for gold to back the Shanghai Futures Exchange.

    – Greenlight Capital sold $500 million of the GLD exchange-traded fund and bought physical bullion.

    – The European Central Bank gold sales have dried up to almost nothing.

    – AnglogoldAshanti has reduced its hedges to less than one year of production.

    – Central banks are net buyers of gold for the first time in more than 20 years.

    – China has declared its right to default on commodity derivatives.

    – China is encouraging its citizens to buy gold and silver.

    – The contango on silver and gold has almost disappeared.

    – Gold and silver movements from the COMEX warehouses are inconsistent with the delivery notices.

    – Mine supply of gold continues to contract.

    @david
    Other than my brother, I think its utterly pathetic that I can only go online to talk to people about whats really going on in the world. Wheres the cavalry??

  124. Any of you lot check out any of these firms big jim mentioned:
    Bonnie & Clyde….if you really want find the Honey Pot….check out Sullivan & Cromwell,
    Sherman & Sterling, Skadden Arps, for example…..that’s who Goldy works for….that’s who “they” are….
    you can start with John Foster, Robert Lansing & the Dulles….not to forget wild Bill Donovan>
    I reckon they de bunch of folk who’s runnin’ things
    http://www.youtube.com/watch?v=RGR4SFOimlk

  125. @ Phil

    Gold goes up …………guess what
    Oil goes up
    ————————
    Oil goes down
    Gold goes down…..

    Its nothing to do with supply and demand its to do with how someone rich likes to get paid.

    just to take the piss Max covered this FOFOA and Another done this to death..
    http://www.youtube.com/watch?v=SOSWaJPC2yY

    http://fofoa.blogspot.com/2009_09_01_archive.html

  126. Here is a critique of Bill Still’s ideas in Secrets of Oz and Money Masters for all it’s worth:
    http://www.freedomforceinternational.org/freedomcontent.cfm?fuseaction=meetstill
    I am so confused now!

  127. Sorry if this is old news:-

    Missing Lehman Lesson of Shakeout Means Too Big Banks May Fail

    Sept. 8 (Bloomberg) — The warning was ominous: “Massive global wealth destruction.”

    That’s what Lehman Brothers Holdings Inc. executives predicted before they filed the biggest bankruptcy in U.S. history. “Impacts all financial institutions,” read one bullet point in a confidential memo prepared for government officials obtained by Bloomberg News. “Retail investors/retirees assets are devastated.”

    The message didn’t get through. Two dozen of the world’s most powerful bankers, brought together by Treasury Secretary Henry M. Paulson Jr. and Federal Reserve Bank of New York President Timothy F. Geithner the weekend of Sept. 13, 2008, to devise a rescue plan for Lehman, were too busy saving themselves to see the larger threat.

    more: http://www.bloomberg.com/apps/news?p…d=aX8D5utKFuGA

  128. @Ryan

    Thanks for posting the video links. Good to see that Still’s still at his video making.

  129. @help, all joking aside (nah fuck that), but it’s not headlines its reality, and a real fuckin’ shame the amount of family and friends out of work so quickly and with absolutely nothing on the horizon, shocking. Everytime I see the face of that useless tool Brian Cowen I wanna spit, god why did we ever break away from the Brits, y’know there head of the state The Queen can trace their roots back over a thousand years, that pillock Cowen ye trace his family roots ye find its livestock, the lovechild of a pig and an ass.

  130. Hi

    Stupid question but I remember max mentioning it a while back.

    Does the US charge a commission for settlement of international trade deals? And what is this fee called ?

  131. I just saw a guy pick up a fresh limpet,..eat it,…and say,..hmmm,….a bit salty,…!!

  132. @Phil

    The US has about 14% more oil stocks year over year. But its even worse with Natural Gas, there is literally no more storage capacity.

    In 1 year we’ve gone from “the world is out of oil,” to “there is no place left to store the oversupply but prices should still rise.” Truly nauseating.

  133. @david………..I’m fuckin’ sick and tired of being in the crisis.

    You and me both. I’m trapped where I don’t want to be simply because there is no where to safely put your money. They got all angles covered it seems.

  134. US Dollar: “It’s as good a day as any to die.”

    Bernanke (squirting a needle): “Come to Benny and get your medicine.”

    US Dollar (eyes light up faintly): “Oh, all right, then.”

    [US Dollar flops and flutters over to Benny, whose lab coat is coated with red ink.]

    Obama (whining behind the printing press): “Help me, Benny. Help me! Waaaa Waa Waaaaaa. I wanna have my own 1000-year Empire.”

    Bernanke (sticking needle up Benjamin Franklin’s cheek): “There there, poor Obama, wherever you are. See what I did for you? Your paper friend will live a day longer.”

    Obama (jumping from behind the printing press): “Thank God! Oh, Benny, you are so kind to me. I’ll now go back to my organic garden and concoct more splendid fascist symbols!!! und den I vill do — whoops! Good thing I put the children to bed. Have to fuck the bitch later, but … yes, thank you, Benny.”

    US dollar: “It’s as … good … a day as any … to … die … …”

    Bernanke and Obama in unison: “Momma!”

  135. @david

    I hear ya bro…

  136. @david…………lol!

    You’re being punished for being naughty children and voting No. So now you know what happens if you don’t do what ‘they’ want. And this is how the voting system works nowadays?! Well then, what’s the point?
    I shan’t respond to the rest of the content of your post – I’m stayin well away from lizards. Seems some people know more about Atlantis than I do, didn’t even know they had lizards there.

  137. @phil
    still catching up on comments…my speed reading aint great so excuse me if I confused you with some other….person or persons.

  138. @anyone the least bit interested, yeah forgot to mention the school were my kids go just lost 3 teachers, I’m fuckin’ sick and tired of being in the crisis.

  139. @phil
    how do you spell patchouli?

    http://www.youtube.com/watch?v=LmXElrdrJ3U

    maybe it was the bimini road stuff…what was it 12 foot blonde super…sorry…yunno what I mean.

  140. No private property,..No cars,…restricted travel,.. energy scarcity,..food scarcity,..water scarcity,..war on obesity,..war on drugs,..war on terrorism,..war on poverty,….population problems,….climate change,…hmmmm and a partridge in a pear tree,.: (
    http://www.youtube.com/watch?v=d-diB65scQU

  141. @Phil,…..As you’re aware, the whole exercise is about public perception,…input/output blah blah blah

  142. @Sharon, I was hoping Stacey was indeed referring to lizards and not the economy, I’m getting hammered by economics, if the Gov. pension levy (which amounted to e500pm out of my families pocket) were not enough, we’re know being saddled with property tax, water tax, and a carbon tax, give me lizards anyday and throw in a couple of juggling squirrels while yer at it.

  143. @Photoception … ” How can anyone take the oil market seriously anymore? ”

    I agree 100% … but please expand that to :

    … ” How can anyone take the WHOLE market seriously anymore? “…

    Just last week, I heard on German radio that the oil countries had SERIOUS problems with where to store the OIL SURPLUS !
    … for example !

  144. And Stacy,….the mere mention of lizard folk is all it takes,….try not to think about pink elephants,..!!

  145. How can anyone take the oil market seriously anymore? Somebody should explain to the dumbasses on the NYMEX that when supply goes up the price is supposed to go down! They seem to have it backwards.

    The news says OPEC doesn’t want to cut production. This should not make the price of oil go up. They blame it on a falling dollar, then they say the dollar is down because oil is up. BS! Excuses, excuses.

  146. @Dedo……….yes, but on your instructions! You wally!

  147. Sorry Dedo, I just saw your 2nd post and link. Yeah, I’m probably closer to that than an actual shill. And if I’m a lizard my kids are in for a helluva surprise.

  148. @Sharon,…..You’re the one who’s been doin’ the hits,…..you nutter!!

  149. @Phil………you’re English is good, don’t pretend otherwise.

    @Dedo………Oh yeah, then why have you been sending me off on all these missions recently?

    Seriously though, the idea that you think I might be a shill is very funny.

  150. Real Estate – The 800,000 Pound Deflationary Gorilla
    by Adam Brochert
    September 07, 2009

    http://www.safehaven.com/article-14417.htm

    Nice chart of house prices measured in Gold !

    …” Target is less than 100 ounces of Golf for an average house before we hit bottom “…

  151. @sharon,…You might be a shiliz,……I did wonder : /

  152. @sharon …. Stacy’s remark was not directed at you in particular ( IMO ).
    I think she was just giving “some” of us ( like me for starters ) a “soft hint” to talk more about financial news instead of all the off topic stuff .. understandably I suppose.

  153. @stacy………you mean, you can’t see the lizard posts? . . .. that means you’re one of them!

    What? I’m a lizard? or I’m a shill? You’re having a laugh! Come on Stacy, you’re better than that………….this is paranoia at it’s worst. I don’t know why I didn’t see the posts, maybe I wasn’t going through them carefully enough. I assumed however that your frustration meant there must be lots of them in which case I didn’t see how I could have missed all of them. Anyway, is there some sort of condition these lizards have whereby they can’t read posts about themselves and that gives them away? If so, that’s a good bit of inside knowledge you have – only going on what you’re saying, ie. if you can’t see the posts that must mean you’re one of them. Or did you mean a shill?

  154. all I want Stacy is acknowledgement for my brilliant Obama as Superfly tag the other day. I’m glad Max is running with it. He can milk it all he wants and tear up the scenery with it if he likes,

    blessings,buddhabob

  155. @Ryan – I haven’t seen anything about it. Links please!

  156. @Stacy
    Hey, is anyone going to post something about how the guy that made the legendary Money Masters movie (which describes how our money is controlled–Free on Youtube BTW–) is releasing another documentary today. The Secret of OZ is supposed to be as good and more relevant to what is hapening today with the world’s monetary manipulation. You should totally have him “On The Edge” because this guy is topps and knows the complete history of the banksters. Best documentary I have seen besides what you two put up here. He has some interesting points about how the gold standard would still not be the solution to get us out of this mess.

  157. @sharon – you mean, you can’t see the lizard posts? . . .. that means you’re one of them!

  158. Who’s been talking about lizard people? I must have missed those posts.