Stacy Summary: Lurching back to the 1970′s . . . but accompanied by the music of girl and boy bands.
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ref. max keiser & Get 6 mo’s free storage
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Rick Ackerman-
- King World News
- Mish
- Karl Denninger – Market Ticker
- Michael Hudson
- ZeroHedge
- The Big Picture
crash banksters – Buy Silver & gold
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Most recent: 
@snoot and dedo….. so typical female…. so thin skinned to hear the facts. Just leave me along thats all I ask. Your both utilizing this web site as a chatroom. It is so very tiresome to read your irrelevant, un interesting, off the point words.
@Mike King,…….I was wondering Mike,..you say you teach young children,…do you shout and insult them, if they don’t “get it”. Maybe you should broaden your knowledge of “techniques”. It might facilitate the process of dissemination.
Just a suggestion, no offense meant,…: )
Mr. King:
On the contrary, I will address your recent input concerning Snoot and nothing more. You call my words bullshit, but refuse to acknowledge the like substance regarding our perspectives. I make light in jest or play: you arrive in confusion and darkness, bluffing ahead and contradicting your own witness.
You seem quite assured of your own importance, but rest assured that words belong to no man and that which you cast aside in your arrogance as trash may yet prove useful to some other.
I feel my time here to be a nuisance as it only provokes your ridiculous wrath. I have learned much without receiving regard: but I do not place great worth on your opinion. Despite this, Snoot is off leaving what good she hoped to share and taking great advantage from the many wise and rounded minds that find there way…
home.
@Max Power….. no we “have had” a total gangster government for a long long time.
@Snoot…..I rest my case…..Blah Blah Blah….. Please just leave your comments to my input alone …. you have nothing important to say. You utilize this web site as a bullshit chatroom.
To Mr. King with kind regards regarding relevance:
The Warrant
We all like dust
Soft wind-blown rings
Will ride the currents high!
To leave behind
The silly strings
Of life beyond the sky.
A morsel now
Of rustic beef
Will then resemble hay
That wreaks and rusts
Upon the ground
And swiftly floats away.
The blush of red
Upon the cheek
Shall burnish into bronze
Encasing diadems of dew
And rains the castle’s lawn.
Oh words so sweet,
Cut me so cruel
I render them in pain.
My tender remonstrance is lost
On time’s bright counterpane.
@Dedo:
well, I’ll share
BUT DON’T EXPECT ME TO BE NICE ABOUT IT.
@Frances,……..for whom the bell tolls !
http://www.poetry-online.org/donne_for_whom_the_bell_tolls.htm
@Dedo…
We are all about to be unwillingly involved in the most horrendous events in the history of mankind.
We are at the turning point of loosing all forms of democracy worldwide and our children will be involved in the transformation of massive control.
EVERYONES “security” that they have come to depend on is going to be completely removed.
It will be devasting and has already begun. These are serious times and most people of the globe do not remotely comprehend these horrific events to occur within several years if not months much less why. Its time to focus and yes…. things can be done.
Sorry…. I am a bit edgy, yes……
your responses to my posts are unnecessary.
Relevance is a trick of the rational mind.
We all like dust shall blow rings.
Poetry is never irrelevant.
@vuth,
My husband and I would like to move to New Zealand and get out of the US. Unfortunately, we are older and probably will not be accepted to NZ. Maybe we can trade places!
@Mike,……my dads bigger than your dad,.nah nah,..nah, nah nah,….: ) calm down,..I’m glad for ya,..it’s lovely in Thailand,….I ended up staying there for two months,..only scheduled two weeks,…but hey,.who’s countin’
@Dedo….so fricking true….I guess that is why I sold every possession I own and took my life savings out of the USA and moved to Thailand where I work as a teacher since 2003 and have 99% invested in gold and silver in a security vault. All because I focus on important, truthful, pertinent information…… yes…. so very very very true … you can leave me alone now. Thanks…. go back to your focus on information that provides you with nothing to do.
@Mike,…….most info’ is irrelevant unless you can do something with it,……so try not to fret so much.
@Dedo…. No they dont get it.
You and Snoots just leave me alone and continue to participate in all the bullshit irrellevant information that you both continually focusing on.
CORRECT LINK:
http://tinyurl.com/lr24h8
http://www.zerohedge.com/article/sprott-september-commentary-total-us-government-obligations-1186-trillion
Sprott September Commentary: Total US Government Obligations At $118.6 Trillion
SAFE HARBOUR NO MORE
http://www.zerohedge.com/article/sprott … 6-trillion
@Mike,…..hmm,..I think we get that,..the thing is Mike, most folk “believe” in government as it is sold to them. The same as any of the beliefs you’ve bin sold.
So try and lighten up me ole matey pips,.
@at Youri….the “must read” piece is totally irrellevant and incorrect
..again….. like all the “top gold guys” this guy is using past education without utilizing present information.
All aspects of gold are being controlled for purpose whether the price goes up or down.
Until the comex defaults and the real physical market price comes into play…….. all the bullshit this guy talks about this that and the otherthing with leasing between banks…. blah blah blah etc…..is useless, irrellevant information.
About the viewpoint by 99% of the world when discussing influence of other countries in this step by step demolition of the dollar
All countries of the world are no match for the conglomerate that controls the money supply and us dollar.
People of the world continue to think in terms of “countries” and boundries. The entity is laughing hysterically. Only citizens of countries have this view point of separateness.
The entity understands that they are in control and the countries are all secondary. THIS ENTITY ANSWERS TO NO GOVERNMENT AND ARE A SELF GOVERNING ENTITY WITHIN THEMSELVES WITH COMPLETE INFLUENCE AND CONTROL.
When is everyone gonna get with it.?????
BLAH BLAH BLAH BLAH…. Its not about the countries….their money etc etc etc….. NO ONE GETS THIS….
Any 16year old with common sense and a personal computer spending an hour or two a day can understand the truth of what is going on.
This conglomerate answers to absolutely no one. The have the complete partnership of the United States and all its might. They control all aspects of the US dollar AND LITERALLY OWN THE DOLLAR !!!
They have over the span of decades created all the “world organizations” UN, WTO, WHO, IMF….etc etc etc etc etc etc
They are all working under one direction and these people at the top belong to NO GOVERNMENT of any kind.
Trust Americans to market it, Dedo. Soon enough Tennesse will have sustainable theme parks run on solar and sweet tea.
Anyway, Snoot predicts that Geist will be a part of the whole carbon-yes-we-can-squat-where-you-say financial slavery offered to we commoners as “choice”.
@Frances,….this’ll make you splutter,…the new ark of the covenant
http://www.arkofhope.org/
@Dedo:
Link this:
http://www.myspaceantics.com/image-cloud_middle-finger.jpg.html
@Dedo:
The rationale behind their actions is hypocritical and sickening.
Take Pascal’s Wager: the only way one can end up making the wager is through rational thought. Ridiculous. So it is an excuse to enslave us through a new religious system: sort of what Clogging Master and 13Cats have been going on about.
Yes, you were first…but aren’t you always?
@Frances…….and sort your friggin’ links out,….
@Frances,…..There really is “no” debate in respect to a carbon based “currency”. It’s just a matter of when and how.
The only reason we discuss it here is for a bit of fun, and who gets it first,….(and a ,.I want a pat on the back and a gold star please miss!!,..sort of paradigm,…; )
Times Online with the Pascal’s Wager justification for climate change action:
http://www.timesonline.co.uk/tol/comment/columnists/article639448.ece
@Fibon11235
Very informative piece!
The Gold Carry Trade (Must Read!) http://whiskeyandgunpowder.com/the-gold-carry-trade/
@Max Keiser….. interview is good but you are polite to the RT by following his lead to talk about this as the “United States” being the culprit…..as you are well aware at this point, it is not the United States.
As you know…. the United States is a mock front and participating criminal entity (the elite US government) to the real NON Americans that control all ….. ALL aspects of the US dollar and the dollar itself.
As you know….. the United States is just along for the ride with the powers which owns and control the dollar. The United States is second in command of the operation of Global Financial Collapse.
So in a nut shell….. like all the other “econ guys” you have the crosshairs on the front man while the BOSS is in the back (way in the back) having a stiff drink and smoking a cigar with one big smug smile on his heartless, disconcerned face !.
@Ireland … Danny / David
Nama ‘a financial millstone’ – Gilmore
http://www.irishtimes.com/newspaper/breaking/2009/0916/breaking32.htm
Or applying it to a carbon-based system initiate?
http://radar.oreilly.com/2009/01/pascals-wager-and-climate-change.html
@Tower on a late reply.
Unfortunately…… your view of being to complicated and difficult to implement and coordinate the collapse etc in incorrect….in fact….. it is easily done.
As you have stated about learning that the major news providers are complete propoganda by maximizing impertinent info and minimizing the pertinent, as time goes on through your continued research you will become more aware of the EMMENSE UNBELIEVABLE DEPTH of controlling over ALL aspects necessary to succeed in the their PARAMOUNT agenda of global collapse, which in their minds is a ONE SHOT DEAL.
They began this scheduled demolition of the world economy with ALL necessary ‘TOOLS’ in place. Lets take a look at just a few of literally hundreds.
Fed Reserve, USA elite government and all its controlling powers (Military being top of the list of powers and all others like CIA, SEC, etc etc etc ), IMF, WTO, WHO,UN, WTC and on and on and on………OH…AND LETS NOT FORGET ALL ASPECTS OF THE US DOLLAR…….
ALL BEING UNDER TOTAL CONTROL OR PROFOUND INFLUENCE……and in complete coordinating in unity like a well choreographed military attack.
THE COLLAPSE IS EASY FOR THEM AND THEY ARE SUCCEEDING IN STELLAR FASHION.
The GEAB quote:
Policy makers, entrepreneurs, employees,… economists or analysts… are reduced to Pascal’s wager (16) to assess what will happen in future months.
Hegel thought that the God of religion was an intuition of Absolute Spirit or Geist. Hegel’s Geist is not like the transcendent (outside of our consciousness) God of traditional Christianity. For Hegel God is immanent and when we have understood that history is the process of Geist coming to know itself it appears that we are all part of Geist, or God.
http://www.philosopher.org.uk/god.htm
The author here means transcendent as outside of the flesh, for our consiousness (with the exception of magicians) is bound to the flesh…poor wording. Transcendent is the metaphysical real…beyond the construct of linear transparency.
How is GEAB applying Pascal’s Wager? Is GEAB referring to the Geist of Hegel or to the faith in a fiat-based system of fractional reserve banks?
Dubai World says suing ex-CEO of unit for fraud http://link.reuters.com/vuf27d
ARRGH!
http://en.wikipedia.org/wiki/Pascal%27s_Wager
@Dedo:
Did you see the reference to Pascal’s Wager in the GEAB no 37?
http://en.wikipedia.org/wiki/Pascal's_Wager
@stacyherbert
Funny that you mention that cause I’ve written about this subject yesterday on this blog “Tipping Points”
Geoff Brumfiel: This week, early warnings for economic crashes, dangerous climate change and brain seizures to name a few.
Marten Scheffer: The holy grail of the work on tipping points is actually to predict when they might happen and that is an intrinsically very difficult thing.
Nature Podcast http://www.nature.com/nature/podcast/v461/n7260/nature-2009-09-03.html
Scientists Seek Warning Signs for Catastrophic Tipping Points – Marten Scheffer
http://www.wired.com/wiredscience/2009/09/earlywarnings/
Responses to Early Warning Signals for Critical Transitions paper – Marten Scheffer
http://rs.resalliance.org/tag/marten-scheffer/
Dead ahead: Similar early warning signals of change in climate
Scientists identify ‘tipping points’ at which sudden shifts to new conditions occur – Marten Scheffer
http://www.eurekalert.org/pub_releases/2009-09/nsf-das082809.php
These bulbs have been made mandatory in the UK, to save the planet.
WAR(I(G: the Department for Environment,
Food and Rural Affairs (UK) has issued the
following advice on what to do if a low energy
bulb breaks.
1. Evacuate the room for at least 15 minutes taking care not to stand on any of the
shreds of glass littering the floor
2. Do not use a vacuum cleaner to clear up the mess as the machine sucking action
could spread the toxic Mercury droplets around the house
3. Put on rubber gloves and sweep the debris into a dustpan
4. Place the remains in a plastic bag and seal it
5. Do not put the bag in a normal house hold dustbin
6. Instead place it in a municipal recycling bin for batteries which also contain
Mercury or bring it to a Council dump were it can be disposed safely
7.Try not inhale the dust from the bulb (wear a mask in other words)
funny,..huh,..
If our culture = greed and lies (how can you say otherwise..just read today’s news links)… where does it take us?
Monday – September 14 VIDEO
Culture Leads Finance and the Economy
http://www.deanlebaron.com/index.html
Patriot Act Provisions Extended
http://www.nytimes.com/2009/09/16/us/16brfs-PATRIOTACTPR_BRF.html?ref=us
Bank of America, Citigroup, Credit Card Defaults Soar To New Highs
http://globaleconomicanalysis.blogspot.com/2009/09/bank-of-america-citigroup-credit-card.html
Japan to the U.S.: ‘We Don’t Want to Exclude You, But…’
http://seekingalpha.com/article/161815-japan-to-the-u-s-we-don-t-want-to-exclude-you-but
Financial Reform: Keep Dreaming
http://seekingalpha.com/article/161557-financial-reform-keep-dreaming
Rare Coins: Family Treasure or Ill-Gotten Goods?
Note that currency crimes are policed by the Secret Service.
http://www.nytimes.com/2009/09/16/us/16coin.html?ref=us
One in five young people out of work
http://business.timesonline.co.uk/tol/business/economics/article6837592.ece
@Fibon11235 Bullion leasing
Short term leases have negative interest rates. Just wanted to point that out. Central banks are actually paying to lease out their gold in the short term. That gold winds up in escrow.
Once the gold is leased, however you may as well put the gold up on the street with a sign on it saying that nobody is allowed to take any.
Any advances in the gold price during the bull market has come in two year spurts, presumably because you roll over the one year bullion lease again after a gold price decline, but do not do so during a price rise. So the price rises are parabolic, rendering short positions illiquid.
It should be noted that the bullion banks are arrayed on both sides of the coin, however. Its unfair to presume that they are only short.
The point that Texe Marrs makes in his new documentary is that Obama was thoroughly trained by a tsinoiZ network in Chicago previous to his president candidature. That why Obama is basically surrounded by tsinoiZ at his administration like Rahm Emanuel, his brother, Bernanke, Somers, Geithner, Axelrod and many others.
There is a new documentary out of the US patriot Texe Marrs, the trailer of his DVD can be found here
http://www.youtube.com/watch?v=bI7jYNfbAoM
and an interview with renze you´ll find here
http://www.youtube.com/watch?v=sxaqiTtoEsE&feature=player_embedded
Here’s a link which gives support for going into the brokering business:
http://www.zerohedge.com/article/1999-party-girls-gone-wild
There really is no end to the ponzi nature of our casino economies; I don’t think for at least another generation. So if you really want to get into the business of supplying desperate addicts . . .
I used to watch CNN and the BBC quite a lot, but after finding out that these mainstream news channels very much control what they bring, I started to watch them only so now and than, getting most of the real news from the web. (This might have happened to several of you as well.) An obvious example of how CNN filters the news is the fact that Michael Moore is a frequent guest of CNN (Larry King etc.). A few day ago he was on again, saying that he still supports obama, tough he, obama, does have a lot of Goldman Sach people around (what Moore is not seeing, or does not want to see, to my opinion, is that obama is not in charge but Goldman Sach people are).
When actually Charlie Sheen broke the news on Alex Jones´infowars, demanding a new investigation on 9/1, CNN did not have Sheen on at all (please correct me when I am wrong). Sheen is far more a celebrity than Moore and he was only mentioned shortly on some shows, paying no attention to the content of his claim.
The controlled demolition of the economy also gets little attention, instead CNN is bleating that we are on “the road of recovery”.
But the very ought thing is that both CNN and BCC are not bringing anything substantial already for some weeks, there is a lot of sports, entertainment stuff and more stupidity: IT IS LIKE THE SILENCE BEFORE THE BIG STORM TO COME?
@ Phil
You probably read it but? When this blows up who knows? To the infinite or zero we all go, outside the fractal splodge we eee.
http://whiskeyandgunpowder.com/the-gold-carry-trade/
@Frances,….Link not working,…
try this:
http://www.leap2020.eu/English_r25.html
GEAB no 37 from Leap2020 site:
http://www.leap2020.eu/GEAB-N-37-is-available!-Global-systemic-crisis-In-pursuit-of-the-impossible-recovery_a3797.html
@ Stacy: thanx ..as always you are clear and precise…your instructive remarks might hit home for vuth better than my meager explanation..”chaos theory and physicists from NZ”???
@Youri carma ..” Money Lender – 1977 ”
Ian Gillan Band Live at the Rainbow 1977
Hey .. my favourite Theater / great Theatre.
Capital Radio did a whole week of concerts at the Rainbow in 1977. The audience was invited free of charge .
I saw Electric Light Orchestra, Stomu Yamashta and loads of others. Also saw Hitch Hikers Guide to the Galaxy there as well !
Money Lender – 1977
http://www.youtube.com/watch?v=1ZhjNcU6jxU&feature=related
We’re all turning into agony ants! lol!
NZ TAM????
@vuth – I know a woman who is a physicist at that new nuclear fusion facility in the South of France; she also does some work for the Hadron Collider; she told me that most of the other top physicists she knows went to work at all the big banks, citing specifically UBS; they were used to design algorithms; she also showed us a model of chaos theory upon which some of this financial models were based and what they never told you in the financial sector was that perfectly ordered systems just disintegrate into chaos; anyway, what I was thinking is that maybe the next hot science could be bio-med, applying scientific theory in which you specialise to financial engineering . . . you know, creating the next out of control financial contagion . . . you could probably sell that to a bank
Considering that the oil market trade until 2008 was for the most part a market corner, which is being blamed on speculative traders, it should come as no surprise that a corner is now developing in the bullion.
The last market corner in bullion was in 1869.
SIBEL EDMONDS’ DEPOSITION: VIDEO AND TRANSCRIPT RELEASED
Long-gagged FBI whistleblower’s full under-oath testimony from Ohio election case, details Congressional blackmail, bribery, espionage, infiltration, more…
http://tinyurl.com/nspou9
@Ptah .. Brixton Pound
Nice Nice !
HOW TO USE B£s
- Exchange £20 for 20 Brixton Pounds (B£s) at Morleys department store or Opus Cafe
- Spend this in any of the 70 or so shops, clubs, pubs, cafes which have signed up
- On another shopping trip, accept change in B£s from the shopkeeper
- Spend this change in another of the shops. And so on
- B£s can be exchanged for legal tender at certain Brixton businesses
- 40,000 notes in 1, 5, 10 and 20 units, each featuring a revered local figure, are printed on watermarked paper with holograms and serial numbers
- B£s cannot leave the area nor be banked to earn interest
@F6 … Comex
…overwhelming short position on the COMEX that GS and JPM had accumulated over years in the bullion markets…
Sounds like the Hunt Bros all over again.
Apparently JPM got the FED to suddenly change the rules and it meant Hunt’s credit was called.
BTW … hadn’t heard that LEH had long gold positions before.
@Vuth: be calm…you are waking up to a very infectious forum..most of these folks have been listening/viewing Max and Stacy rant on bout the financial terrorism for a few years now..you must take a grip and see your inner brilliance…first you found this forum..second you are 21 and a bi-med graduate…no small feat..third you reside in one of the healthiest environments on teh planet..my eldest and her boyfriend spent three months hiking and rock climbing your beautiful land two years ago…next I have a daughter who teaches yoga….noe pay attention…she is very good and you can view her on the YT and other ebsites, but she is not Hindi from the Kush..Yoga is a practice that goes back centuries..she is merely 28…yet she has marketed herself to reach out and find an audience and clientel that is growing…so my advice to you is take the bull by the horns…discover your inner talents…WS is a fool’s gold occupation…we admonish the tricksters who have developed the algorythms that seem to have captured the imagination of the industry..one of the designers of the one used for derivatives now is an oyster fisherman on LI , NY USA…Max is an oppositional former WS trader…so before you glorify the industry…take that university education and see it as a stepping stone…yes mandarin is a good start…( there is a school here that trains one in business English for foreigners and a placement data base to become an English instructor overseas as well…China??) One of my daughters has just taken a complete about face and after getting her degree in Elementary Ed now is a licensed esthitician( facials) and a Thai Yoga Massage practitioner….after leaving S&P which owns McGraw-Hill Publishers as a text book assessment editor….remember it’s not always what you know it’s who you know…we’re here to guide you through the trials and tribulations..I for one enjoy the journey my young ladies have taken…mostly on their own..Hope this inspires you on
Read an interesting article here on IStockAnalysis about inflationary signs
http://www.istockanalyst.com/article/viewarticlepaged/articleid/3486622/pageid/2#
Needless to say the cost for a temporary growth far outweighs the cost of this “bailout”. Though signs in the market have shown that although cheap credit has been made available lending seems to have stalled. Mainly from consumers not having the ability (many things could be contributed to this) to obtain this credit. It seems that we have been put into a liquidity trap. The artificially low interest rates have not seemed to slow unemployment which leads me and a few others to believe this a deflationary spiral we are headed to. Regardless thanks for your insights and article.
to max;
i came across an article on investipedia that said that to become an investment banker or money manger, you have to have a CFA (charted finanical analyst) degree, then you can work your way up to become one of the above. with your back ground on wall street and finanical sector, i hope you can tell me the differences between CFA and a normal finanical degree from a university.
cheers
Some interesting news for those interested in barter and roll-your-own currency, the brixton pound:
http://news.bbc.co.uk/1/hi/magazine/8245276.stm
thanks RedZebra;
i think i want to trade in a lab coat for a business suit. finanical news and scandals get me more excited than the lab reports that i had to write. yes, i’m planning to go back to uni to do a 4years degree in finance.
@LEH
Rumour has it that Lehman was one of the very few commercial banking entities positioned to bet against the overwhelming short position on the COMEX that GS and JPM had accumulated over years in the bullion markets. Its a massive imbalance that still has not resolved itself to this day.
They got too big for their own britches not realizing how politics might intervene against such a very sure bet. They were taken out, but the fallout risk was haphazardly dumped in front of Congress.
Its likely we’ll see something similar before the end of this year or into the next, but no single banking entity is ranging itself pointedly against the short position in bullion.
A wide range of bets is now arrayed against the short position in bullion just the same, anticipating a currency crisis of some sort. Lehman was a very early player, but likely bets against the overwhelming short position in bullion may see a similar fate or haven’t seen much headway.
Either that, or the break of the icejam will come as selling of bullion futures contracts only results in backwardation of the spot price, which implies very strong support of the price.
If you look at the bullion markets, the trading is mostly aggressively long in Asian markets, which should signal that bets are being placed almost assuredly on a dollar decline, but very possibly that this also reflects a growing urgency after the collapse of the Won.
F6
@Vuth:
Have you heard of the Scripps Institute in Jupiter Florida?
http://www.scripps.edu/florida/
Nice area, don’t know if they’re hiring, but good luck to you.
Moooody’s Investors Service warned the U.K. and U.S. we need a severe bung adjustment in Sept. to maintain our AAA altitude?
thanks Danny-
if you like evergreen hills, alps, beaches and millions of sheep, well new zealand is the right place for you. wellington is known for it’s strong wind, parliament house and home to the reserve bank of new zealand. I also agreed with you, i think max and stacy had done a great job in revealing the truth behind the propaganda of main stream media. quite frankly all of my friends and family member have no idea why we’re in a recession. the thing is most people my age are least interested in what’s going on around the world and more interested in how long till friday before they can go out clubbing and get wasted. I want to try to understand the finanical crisis and prepare myself for what will come, because the idea that our generation will have to live in poverty scares me and more importantly i dont want to become apart of the herd that walks the in tune with media propaganda.
“With Maan al-Sanea or the Algosaibi family, the perception was that they would never go bust or never default,” Yazan Abdeen, a Dubai fund manager at ING Investment Management, said. “Facts are showing that this can happen. The banks in Saudi, Kuwait and the United Arab Emirates will get a hit, and this will make the banks alter their own lending models. It’s like a ‘black swan’ event, something no one saw coming.”
Accounts Frozen
The Saudi Arabian central bank ordered a freeze of al- Sanea’s accounts, bankers familiar with the instructions said on May 31. The Algosaibis then used a Cayman Islands court order to try to freeze $9.2 billion of his assets, court documents show
The Saudi economy will contract 1 percent this year as the debt problems of family-run businesses dissuade banks from lending, Riyadh-based Jadwa Investment Co. said in a July 28 report. Another analysis this week by Credit Suisse Group AG said the Saad-Algosaibi conflict will keep lending “muted” throughout the region.
The dispute has been largely left off local Saudi newspaper front pages. Mohammed al-Waeel, editor-in-chief of Al-Yaum newspaper, based in Dammam, an Eastern Province city bordering al-Khobar, called the issue “a family matter.”
Selling Holdings
Al-Sanea has been selling his stakes in London-based Berkeley Group Holdings Plc, the U.K.’s third-largest homebuilder by market value, and 3i Infrastructure Plc, the Jersey Channel Island-based fund designed to invest in utilities, schools and toll roads. He reduced his stake in London-based HSBC to 2.97 percent from 3.24 percent, regulatory filings show. He has also reduced his holdings in Samba Financial Group, the second-largest Saudi bank by market value, according to the Saudi stock exchange’s Web site.
“Given the extensive operations he had and the leverage he had taken, that kind of business would create problems in any environment where the availability of credit became non- existent,” John Sfakianakis, an economist at Riyadh-based Banque Saudi Fransi, said. “In a situation where easy money was taken out, it was a time bomb in the waiting.”
From: ‘Never Go Bust’ Families Mean End of Easy Credit http://tinyurl.com/nw9rum
@AM
The Colbert Report covered it
http://tinyurl.com/o8j5up & http://tinyurl.com/pkrzsp
it says something when a comedy show is one of the few outlets covering this.
Dear Vuth,
if you don’t have a PhD then I suspect the jobs you are talking about in microbiology and haematology are purely sample analysis jobs, ie: dead boring. But similarly, I suspect if you enter a finance career without a degree, you will end up working at a bank, not on the market floor (correct me if I’m wrong, financial peoples). Perhaps you should talk to your university careers advisor.
Another consideration might be to move to Australia. Close by and a lot more biomed jobs.
good luck
China’s Pig Farmers Amass Copper, Nickel, Sucden Says http://tinyurl.com/ldmokb
to RedZebra;
did you have to get a PHD to land a biomedical job in the uk? yes, the uk and american biomedical research market are much more deeper than that of the kiwi and biomedical research are very hard, they’re very specific on your specalisation. my specalisation is cancer and development and i swear there’s no job opening for my specalisation when i was job hunting; most popular are microbiology and haematology. the other reason why i’m thinking about changing career plan to finanical related career is the availability that finanical sector can offer, there are a ratio of 10 finanical to 1 scientific job being offered here.
@Mike2liverpool
Pound to Drop to Euro Parity, Dollar to Reach 85 Yen, BNP Says
http://www.bloomberg.com/apps/news?pid=20601085&sid=aN1QyFidJWxA
Mike my day !
Is it only me? When I see that Barclays have sold £12billion+ of what is euphemistically called toxic assets to an off shore tax haven, all I can think is, “drug money laundering”
Someone read about this? if i missed it, im sorry for the useless post : http://www.ombwatch.org/node/10383 http://www.latimes.com/news/opinion/editorials/la-ed-campaign14-2009sep14,0,5852404.story
giving corporations the same rights as a person, unlimited contributions to political campaigns. If the supreme court grants corporations all rights might have to change to name to the Incorporated States of America.
to BlackDouglas;
I just want to combine what i’m really interested in ( finanical market) and a job that pay. i feel like china is also another japan. remember back in the 1980s, well actually i wasnt born til 1988, but I’ve been hearding stories about the fear that american had about the japanese ecomony going to take over the US before the stock market collasp in japan. even if i do move to china, the competition to land a good job there is enormous, I would have to compet with i think 20million university chinese graduates who are also looking. I think I’ll be much better off looking for a job here than china
To max;
Yes I do have a student loan max; the good news is most kiwi student loans are relatively cheap compared to other western nation such as Europe or the US. over here, the labour government had this bill out a few years back to win student voters and it was that interest on existing loan are written off by the government as long as we work here, in the country, all in the effort to stop the brain drain from bleeding. Coming back to what max said in an interview with Alex Jones about herd mentality; right now in the midst of the crisis people feel like there’s no future for broker; but I want to look pass all that, 4-5years in the near future, and maybe the job prospect will change by then. I myself is involved in some speculating, especially with the kiwi and the usd; just basic speculation that the kiwi will climb and re-visit its’ all time high against the usd at (1nzd/0.8usd) on the mentality that inflation is coming around before the next round of spiral deflation bring the nzd back to 0.5 US cent mark as seen in march this year; I am speculating because I feel like the savers are loosing out and this is the only way to keep up with inflation. plus if anything more it should give me some experience with the market.
Max Power
“The UK Pound may collapse any week,”
Know something?
Mike
worried about climate change? don’t be with SurvivaBall
http://tinyurl.com/oml7s9
@ Back to the 70′s utter rubbish we had industry then and less debt.
Bankers running for the hills, with fees again, lol, Its a nice lazy way to grab money. Well all If you don’t like it don’t bank at Barkley’s.
@gonzomarx
I read the first one, The Israel Lobby about 2 years ago. Disturbing reading
Bin Laden’s Reading List for Americans
http://tinyurl.com/paqae2
Vuth,
Are you mad? I just read about a broker in New York who moves her worldly belongings around in a shopping trolly now. She’s homeless. There are no jobs going in financial services anymore. All the banks are insolvent and pretending not to be. When they have to come clean the financial services sector will lose hundreds of thousands more jobs. You’ll be competing with experienced, brilliant financial brains many of whom have been unemployed for a year now. I mean if you absolutely love the idea then learn Mandarin too and move to China but otherwise don’t touch with a bargepole.
@Phil
Yep, have danced a lot on Chaka Khan – The Best Disco Funk http://tinyurl.com/nwrhsg Chic- Le freak http://tinyurl.com/dmx9am Not so well known Five Star – All Fall Down strongly influenced by Michael Jackson http://tinyurl.com/nqg96v after this notin worth mentioning from this band. Rick James – Glow http://tinyurl.com/6kcyvy love this bottle drop.
Less Known: Cocteau Twins – Musette and Drums http://tinyurl.com/28vty4
== snip ==
Dear max, I’m such a big fan of you and a follower as well. I live in New Zealand, and I love the radio show that you have on with Stacy. I’m a recently graduate in biomedical science and there is no job here or any where for people like me. Feeling hopeless and frustrated and desperate for a real job, I am contemplating going back to school and get a finance degree, and hopefully land a job at an investment banking company or a brokerage film some day in the future.
== end snip ==
Have you considered immigration to Australia or Canada?
The UK Pound may collapse any week, so the 64 year luxury of working in the UK to pay off any NZD debt is fading fast.
Since the end of the Cold War (~1992) the US has not been the replacement or fallback place to go to for Kiwis as the US only wants unskilled and uneducated labour (however this has not stopped the 50 year brain drain from happening, but that too will come to an end as well with this finance crisis).
You did not mention student uni debt, so I assume you must have some.
That I hope is your immediate problem to fix.
@vuth
are you kidding?
I’m a biomedical scientist… a working one, luckily. While it’s a difficult and uncertain career, if you can find the right lab, it’s a worthwhile and enjoyable career. Unfortunately there are cutbacks everywhere at the moment (I’m in the UK) so it’s not easy.
But your alternative is to become a broker?! ?! You’d prefer the the soulless life as a footsoldier in the armies of world destruction, wielding weapons of mass destruction in a game devised by heartless megalomaniacs, in preference to attempting to understand the intricacies of life?
Well, good luck to you!
@Max Power … ” The Last Days of Lehman Brothers ”
Again , yet another German TV Documentary on Lehman last night. Very good – asked all the right questions etc.
Their bottom line :
It would have only cost ca. 30 $-Bio. to rescue Lehman, rather than BK’ing them with 680 $-Bio. of uncovered debt, that rocked the world.
Also pointed out the rivalry between LEH adn GS … and that although Fuld was given fair warning, he still preferred to go it alone, rather than subordinate himself to the “Club” ( FED, GS, JPM )!
@vuth
I feel very sympathetic of your situation. I should be in New Zealand right now along with my friend. We were gonna travel the world but live in Wellington for a couple of months. I’ve been saving since leaving college. Now that dream is shattered by this crisis. If I left Ireland, sure I’d have an amazing time but I could not give up my job here, ‘cos there would be none on my return.
I work in graphic design and newspapers but now I find myself devouring financial news and history after discovering Max & Stacy last year. They energised something in me that I didn’t know was there.
I’m 24. Truely, and globally; I wonder whats going to happen when all the people of our age realise theres no jobs and no forseeable future. Its a recipe for trouble. And we need it. Hope things work out for you.
The Last Days of Lehman Brothers
http://thebox.bz/details.php?id=90808
Wednesday 09 September // 9:00pm – 10:00pm // BBC2
A deft dramatisation reconstructs the pivotal moment in the financial crisis a year ago when the fate of Wall Street hung in the balance. Summoned to a meeting on Friday 12 September 2008 by US Treasury Secretary Henry “Hank” Paulson (played by the masterful James Cromwell), the heads of the big banks spent all that weekend desperately trying to find a way to save one of their brethren – the venerable but barely liquid merchant bank Lehman Brothers. They failed, of course, and the result was the biggest bankruptcy in history and a global panic. But for the characters here, all that is in the unthinkable future as they burn the midnight oil looking for some deal, any deal, that can save Lehman. Excluded from the discussion is Lehman’s fiery CEO, Dick Fuld (Corey Johnson), who also spends the weekend trying to haul the company he loves back from the brink, spitting out lines like “You can’t say we’ve run out of money! This isn’t the kind of money you can run out of!” As a drama this can only caricature the events and the players, but it leaves you with a sense of how it might have felt for these Masters of the Universe to be swallowed up by a vast trap door of their own making.
If you want membership to download this, contact me via mhev at netzero.net (or .com) …
Spooks cost US $75 billion a year,
http://tinyurl.com/ljbqp9
@Youri … The Beatles
Beatles, Stones, Hendrix, Mitchell, Tamla Motown, Supremes, Rufus & Chaka Khan …. great days indeed !
IMO they did more to change the old crusty and stiff cultures of the 50/60s than anything or anyone else. Opened people’s minds .. people started to really think and be critical.
The less well knowners like John Mayall, Doors, Police, etc. etc. were only known by the small minority.
Just a tip on Chaka Khan :
Her old albums : “Rufus and Chaka Khan” were the best IMO. I have been digitalizing my old Vinyls to CD/DVD with some success.
Dear max, I’m such a big fan of you and a follower as well. I live in New Zealand, and I love the radio show that you have on with Stacy. I’m a recently graduate in biomedical science and there is no job here or any where for people like me. Feeling hopeless and frustrated and desperate for a real job, I am contemplating going back to school and get a finance degree, and hopefully land a job at an investment banking company or a brokerage film some day in the future. my real interest in the market and finance come about last year when I came across one of your video on YouTube and the rest is history. So what advice can you give a 21 year old unemployed graduates aspiring to become a broker?
CAYMAN ISLANDS http://tinyurl.com/lgl72c Scroll down
Jersey beats UK on financial regulation according to IMF
http://tinyurl.com/nhrweu
the piece starts with a headline like that but then spends the rest of the article on Jersey only and not on UK! surely that should be the other half of the story.
180 of world’s biggest Investors call for action on global warming
http://tinyurl.com/mlwgd7
Yep, back to the ’70′s. On September 9, 2009, after a nearly 22-year wait, digitally remastered versions of all of the Beatles studio albums will be released.
The Beatles’ Remastered Albums Due September 9, 2009 http://tinyurl.com/ce95hg
Bring on the carbon credits,.!!
http://www.timesonline.co.uk/tol/news/environment/article6832964.ece
re: ‘UK lurching back’
government says one thing while doing another shock!
well at least it moves the conversion on to how deep and where the cuts are going to be.
i’m guessing more privatisation/PFI for starters.
Re: Gangster Govt.
Michelle Bachmann is describing Venezuela.
“The sale will allow the bank to “derecognise the assets”, shielding it from any further fall in their “mark-to-market” value. Instead, Barclays will use a different accounting treatment to take “a longer term view”
God Damn i wonder if i can tell the organisations i owe money to that!
How UK oil company Trafigura tried to cover up African pollution disaster http://tinyurl.com/ldflre
& Newsnight did a big piece on this as well last night http://tinyurl.com/nfyazc
Barack Obama to abandon European missile-defence shield, say reports
http://tinyurl.com/kk3p92
Meet Glen Beck’s Philosophical Daddy
http://tinyurl.com/pggrm5
Muslim Creationism
http://tinyurl.com/ldql2s
(gets on rather well with Christian Creationism)
Where is the outrage?
I found this amusing tidbit –
We Now Have A Total Gangster Government
http://www.youtube.com/watch?v=thR-lVuztIY
Some evil American imperialist Congressbird goes on about how the US car companies are now government run and not essentially capitalist entities — but frankly I believe that she is more pissed that she is not on the take … in the overall nepotism / favouritism / cronyism vortex that is the US car manufacturing sector.